It is presumed that the industrial development in Bihar is hampered by lack of investments. Is it because of 'unproductive' government policies or an unpredictable law and order situation? And how to increase the flow of investment in the state? In order to find out answers to all such questions and debate these issues, Business Standard Hindi recently organised a roundtable in Patna. The seminar was attended by various small...

Government and regulators need to focus on the systemic risk engendered by excessive compensation. As calendar year 2009 draws to a close, it is bonus season for the financial sector in the West. In the last several months, the need to cap bonuses and compensation packages has been extensively discussed in the context of limiting the future impact of the next financial sector breakdown. On December 9, 2009, the UK was...

Business lobbyists complain that a regulatory tsunami is on its way. But some firms are embracing the proposed reforms “WHEN people hear the word regulation, they feel stifled, delayed, and many times they believe that government is being intrusive,” said Hilda Solis, America’s labour secretary, on December 7th as she unveiled plans for 90 new regulatory initiatives to improve the lot of workers. If you doubt her word, try mentioning regulation...

The recently enacted Right to Education Act, 2009 has extensively been debated in the media, civil society and academic palaver. Mainstream also intervened in the debate, and to the best of my recollection, published two pieces: first, a rather elaborate one by Muchkund Dubey on September 19, 2009, and thereafter by N.A. Karim on October 3, 2009. While entirely endorsing the views expressed in these two articles and sharing the...

Civil society's demand to appoint Kiran Bedi as the next Chief Information Commissioner has started an interesting debate. It has several dimensions. One section of media, albeit very small, is projecting that there is intense lobbying going on for Bedi. The word "lobby" has unholy connotations and at times, implies vested interests. Is it that one day I, Aamir Khan, Anna Hazare, Subhash Chandra, Baba Ramdev, Madhu Trehan, Shabana Azmi,...