Much like the tsunami waves that devastated many coastal areas five years ago, the closing weeks of 2009 saw an ill wind sweeping across many of our democratic institutions, highlighting that beneath the veneer of the nation’s aspirations towards great power status was a crumbling institutional core. To look at the fourth estate first. The preface to the Press Council of India’s “Norms of Journalistic Conduct” has a section that...

We live in the age of institutionalised corruption. From politicians to judges, from senior bureaucrats to policemen, from corporate tycoons to petty officials, everyone it seems has a price. As journalists, our profession demands that we enquire, interrogate and expose corruption. So, when a Madhu Koda is jailed we rejoice that the law has caught up with a former chief minister. When allegations against a judge lead to impeachment, we...

Indian policymakers are debating doing away with the mandatory rating of financial instruments in the long-term, among a set of measures aimed at strengthening the regulatory and disclosures regime for credit ratings. The expert group, set up by the High Level Coordination Committee on Financial Markets (HLCCFM), has made specific recommendations on improving and disclosing the way credit rating agencies rate financial instruments, and has sought debate on the very...

The CVC has failed to be an institutional bulwark against corruption. The reason? Wrong appointments. It's time to fix the methodology of these appointments and make them transparent. The Central Vigilance Commission (CVC) was set up as a department of the government of India in the 1960s. It was functioning as an organization to advise government on all matters relating to corruption in public services and lack of integrity vis-à-vis public...

  KEY TRENDS   • The report entitled Pradhan Mantri Fasal Bima Yojana: An Assessment from the Centre for Science and Environment (released on 21 July, 2017) finds that PMBY is not beneficial for farmers in vulnerable regions. For farmers in vulnerable regions such as Bundelkhand and Marathwada, factors like low indemnity levels, low threshold yields, low sum insured and default on loans make PMFBY a poor scheme to safeguard against extreme weather events. CSE's...