-Live Mint The International Monetary fund (IMF) has warned India against licensing corporate entities to step into the business of commercial banking, saying the risks associated with such a move potentially outweigh the benefits of creating more banks. IMF’s Financial System Stability Assessment Update said it would be prudent for India to first put in place and gain sufficient experience in implementing a comprehensive framework for the purpose before considering the entry...

The total expenditure on central schemes for the poor and on the major subsidies exceeds the states' share of central taxes. These schemes are chronic bad performers due to a culture of immunity in public administration and weakened local governments. Arguing that the poor should be trusted to use these resources better than the state, a radical redirection with substantial direct transfers to individuals and complementary decentralisation to local governments...

-Pratirodh.com If Year 2012 earned the sobriquet of “Year of Scams’ due to serial expose of “super social cop” Arvind Kejeriwal, and the year-end tragic death of girl in Delhi gang rape case reminded us about the most ugly manifestation of ‘Republic of Patriarchy’ in India, Year 2013 promises to be a game changer for the fortunes of welfare state in India as well as political fortunes of UPA-2.   If Narendra Modi,...

-The Times of India CHENNAI: Seeking and giving information under Right to Information Act has been a cat-and-mouse game for citizens and officials since the legislation came into effect in October, 2005. Now, senior bureaucrats are giving crash courses to public information officers (PIOs) on how to delay or deny information to applicants. At informal sessions, officers coach PIOs - responsible for giving information under the act - how to redirect queries...

-The Hindu India Against Corruption should realise the ‘aam aadmi’ needs not only decentralised power but also a lofty vision There are two underlying themes of India Against Corruption’s new party: the induction of good people and “people’s power” through consummate decentralisation. The vision document sets out a quest for “swaraj,” people’s right to self-determination. This ideal of self-determination has been conflated with direct democracy. Thus the vision document indicates that “as...