July 2015

Where’s the reforms momentum?

The Hindu Business Line, July 24, 2015
By Pradeep S Mehta

…Adoption of an overarching competition policy and reforms has resulted in significant benefits across jurisdictions…India should also move fast towards adoption of NCP. It is a non-legislative instrument and the government should not face any bottlenecks in its adoption. Only when NCP is adopted will the government be able to showcase the synergies which could be created.More…

Tackling trade associations’ anti-competitive practices

The Financial Express, July 23, 2015
By Pradeep S Mehta

Need to penalise members who benefit from such practices. Trade associations play the important role of mobilising voices of different players across sectors, which makes it easy for advocacy purposes as well as for negotiating issues of common interest to the members. However, in the process, associations often go beyond their legal mandate and end up being avenues for anti-competitive behaviour.More…

To renew the civil services

The Indian Express, July 22, 2015
By Pradeep S Mehta

Many young IAS officers often fall prey to the incompetency of the framework. Once inducted, postings and training seem to turn them into generalists rather than specialists…Civil servants should also be encouraged to move out and work for different sectors on a short-term basis to enrich their knowledge and enhance their motivation and efficiency. Therefore, lateral exit is as important as lateral entry. This has the potential to raise the civil services from its slump.More…

When nothing is resolved in court

The Hindu Business Line, July 09, 2015
By Pradeep S Mehta

India’s dispute resolution mechanisms are in bad shape, leading to abysmal contract enforcement. This must change. Conflict management is a complex art. Researchers have spent a lifetime identifying approaches and skills necessary to manage conflict resolution. Situations get further complicated in commercial disputes where high financial stakes are involved. To manage such situations, two draft legislations have recently been issued in public domain by the government. These are the Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Bill, 2015; and the Public Contracts (Resolution of Disputes) Bill, 2015.More…

Base NPE on credible data

The Asian Age, July 09, 2015
By Pradeep S Mehta

The Financial Sector Legislative Reforms Commission (FSLRC) was set up in 2011, with a mandate to rewrite and clean up the financial sector laws and to bring them in tune with current requirements. It drafted an Indian Financial Code, to regulate the financial sector, and submitted the draft Code to the government in March 2013…The FSLRC and Code gels well with the other reform initiatives the government has been working on…Consequently, the Code must be urgently adopted as, in the words of former PM Manmohan Singh, it is an idea whose time has come, and no power on earth must be allowed to stop it!.. More…

A financial idea whose time has come

The Hindu Business Line, August 07, 2015By Pradeep S. Mehta & Abhishek Kumar

There’s no comprehensive and systematic data on the education system in India, and where it exists the government does not seem too serious about it… HRD minister Smriti Irani said the ministry would favour its own surveys over those conducted by ASERMore…

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