-Live Mint   Despite its importance, reform of India's legal institutions has been seen as a ‘second order' issue India is a young nation long ruled by old laws-its police, for example, are governed by such colonial-era statutes as the Police Act of 1861, which predates independence by nearly a century. And its expanding economy requires forward-looking regulatory mechanisms to foster markets while curbing crony capitalism. India is also a nation that must...

-DNA   In the midst of the euphoria in the capital markets, after a strong mandate for Narendra Modi, the loud cries of wailing farm widows have been lost in the noise and cacophony that followed. To my mind, this is the biggest policy paralysis that afflicts the country. So when I heard Modi speak at the Central Hall of Parliament the other day: "Ours will be a government that thinks, works and...

-Outlook   The author of the surprise international bestseller, Capital, in the 21st Century, thinks that abolishing Income Tax is not a good idea Books on economy rarely move beyond the peer group of economists and their academic circle. But those old presumptions are now being put to the test and the rules are being rewritten from the time 42-year old French economist, Thomas Piketty, went viral. The publication of the English edition...

-The Indian Express   Contrary to conventional wisdom, the UPA lost despite an inclusive, growing economy.   Economists have been busy telling us that the economy decided the election result. We heard it during the campaign and they have been at it again in their post-mortems. They are wrong. Consider some evidence.   Most Indians live in rural areas. Elections are won and lost there. So for any government, it makes good electoral sense to look...

-The Hindu Business Line   Claims that the economic gap in India is being bridged are not borne out by NSS data Recent accounts of poverty reduction - especially during 2004-11- triggered by the release of the 68th round of the NSS data, have been euphoric. Growth acceleration not just resulted in more rapid poverty reduction over this period than during 1993-2004 but it was also more inclusive as the most disadvantaged groups,...