-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...

-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...

-IIM Ahmedabad   There is no denying the fact that human life is precious and in cases of medical negligence, the judges find it extremely difficult to decide on the quantum of compensation as the quantum is highly subjective in nature, and despite the best efforts of the legislature to enact certain laws which can somehow provide a framework for arriving at a quantum, and also interpretation by the judiciary for so...

-Down to Earth   India needs second-generation reforms in environmental governance to protect environment and community rights and reduce transaction costs for industry After more than two years of flip-flops by the Union Ministry of Environment and Forests (MoEF), the Supreme Court (SC) gave a deadline of April 30, this year to the ministry to start the process of setting up a national environmental regulator under the Environment (Protection) Act, 1986, with offices...

The latest WHO report entitled World Health Statistics 2014 delineates the performance made on the health front by India vis-à-vis other nations between 1990 and 2012. It also presents the challenges that the new government at the Centre should try to resolve. In India, life expectancy at birth (both sexes, in years) has increased from 58 in 1990 to 66 in 2012. While life expectancy at birth for men rose from 57...