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January 2012

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Overhauling Our Steel Frame
Economic Times, January 30, 2012

By Pradeep S Mehta

In one of our seminars on regulatory issues, a gentleman suggested that we should have a regulator of retail corruption who would set standards of ‘fees’ and timelines to deliver what the system should have done ab initio. He was of course referring to simple issues like ration cards which cause a public pain. Some laughed but I think there was merit in the suggestion because corruption will not disappear, whether we have empowered Lokpal or Lokayuktas in our States. It is like a man eating tiger, who having tasted the human blood, will not stop at doing so even if it is faced with the threat of being eliminated. Many of our babus are like man eating tigers, and not even afraid of being eliminated. The way forward is to tackle the causes of the corruption so that the menace is curbed
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Global problems & solutions
The Financial Express, January 13, 2012

By Pradeep S Mehta

Interactions between trade and competition could not be more intimate than they are today, when countries the world over are getting severely affected by the volatility of trade in primary commodities. The major commodity spike of 2007-08 sent alarm bells ringing when the prices of many primary goods doubled from what they had been not so long ago. Much of this fluctuation may be explained through the simple economics of demand and supply, while managing supply side failures is critical to restore some sense in the market. One such management issue is that of the inability of trading nations to deal with rampant anticompetitive practices, especially when the importing countries pay heavily for anticompetitive practices exempted by exporting countries’ competition laws. A case in point here is the global potash fertiliser export cartel.  More...

 

See Also

Media Room

Stop road transport cartels, go competition
The Financial Express, India, January 10, 2011

Promote participation in family planning
Dainik Bhaskar, January 08, 2011

Fulfill your responsibility
Dainik Navjyoti, January 08, 2011  

BoZ move on FBZ will hurt customers - CUTS
The Post Online, January 07, 2011

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