Siddharth Jayaprakash March 21, 2017 There is a scene in Larry Niven’s Ringworld where the protagonist, having survived for centuries through consumption of a futuristic drug, steps into a teleportation booth in Shanghai and steps out into a similarly-looking New … Continue reading Isolationism in the 21st Century – What the Persians got right
Nidhi Singh March 21, 2017 I PROLOGUE: AGRICULTURAL NEGOTIATIONS AT THE WTO SO FAR An attempt to liberalize agricultural trade and incorporate it into the General Agreement on Tariffs and Trade (GATT) framework was made for the first … Continue reading Searching for the missing link: WTO and agricultural negotiations?
Swati Sudhakaran 8th November 2016: The fateful day when carrying cash went out of style – our debit cards became our safe haven from the dark unknowns, unleashed by Demonetization. Having lived under the soft basking of cash transactions, the ATM … Continue reading This is what a cashless economy for millennials will look like
Deepanshu Mohan “The guiding principle in any attempt to create a world of free men must be this: a policy of freedom for the individual is the only truly progressive policy.” -Friedrich Hayek, The Road to Serfdom, quoted by Miller … Continue reading Promoting Economic Freedom as a Precursor to Economic Development
Shahana Chattaraj Narendra Modi is a leader with an urban vision. As the chief minister of Gujarat, he transformed Ahmedabad with an award-winning sustainable bus transit system and a ‘world-class’ river-front recreation space. Modi’s most ambitious projects in Gujarat are … Continue reading Are ‘Smart Cities’ Enough for India?
In view of the new ‘Make in India’ agenda of the Modi government, Aparajita Bharti argues for the adoption of the Regulatory Impact Analysis, a global practice to evaluate the costs and benefits of a proposed/existing regulation, that has also found favour in Planning Commission and other governmental reports.
With the new government in the driving seat and ‘Make in India’ high on its agenda, improving the regulatory environment for business is a top priority. This is, therefore, a golden chance for the government to introduce in India the practice of Regulatory Impact Analysis (RIA), which is followed worldwide to assess the costs and benefits of a proposed or an existing regulation.
The 12th five year plan (2012-2017) recommends the employment of RIA for both existing and future regulations that impact the business environment in India. RIA enables the governments to judge the efficiency of the proposed regulatory framework in creating a more competitive market vis-à-vis the compliance and enforcement costs that it puts on businesses and the governments. In some countries, RIA also includes an evaluation of other regulatory options (including self regulation) to judge the most effective way in which a near perfect market can be delivered to the consumers at the lowest cost. RIA is considered an important activity as it exposes compliance and other costs arising out of the new regulations, which are ultimately passed on to the consumer. It enables the governments to weigh these costs against the benefits that accrue to the consumers as a result of the regulation. Although RIA may come across as expensive, however, in the long run, it saves huge costs that are incurred because of an inefficient regulatory framework. Continue reading “Regulatory Impact Analysis: Hopefully, a prelude to ‘Make in India’”
Amid the rise of right-wing parties to governments across Asia, Apoorv Tiwari cautions against prematurely writing off the Leftist ideology. The past year has seen elections in several democracies in different parts of our complicated globe. Since the beginning of 2013, voters have exercised their franchise in South Asia (India, Pakistan, Nepal, Maldives and Bangladesh), the far-east (Japan, South Korea), and Europe (including national elections in several countries as well as the recent elections to the European Parliament). Despite the diversity in terms of culture, geography and issues across these elections, there have been two essential points of convergence. Firstly, … Continue reading The Global Rise of the Right