Governance

Making Business Responsible in Contemporary India

Governance /

Keith Davis proposed in 1960 that social responsibility refers to business decisions and activities that are at least partly motivated by factors other than the firm\’s direct economic or technical interests. In recent times, the term \”corporate social performance\” (CSP) has emerged as a broad and global concept that encompasses corporate social responsibility, responsiveness, and […]

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The Bumpy Road to Grassroots Democracy

Governance /

The 73rd and 74th Constitutional Amendment Act of 1992 signifies local self-governance of rural and urban areas through Panchayati Raj Institutions (PRIs) and Municipal Bodies. Historically, informal Panchayats have existed in India since ancient times, and municipal administration is chiefly a British legacy. After independence, evolving on the Gandhian thought of empowering Panchayats for the development of

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State-Owned Banks: Do We Need Them Anymore?

Governance /

As an essential part of the financial system, banks\’ role in India\’s ambitious goal of becoming a $5 trillion economy has become a topic of intense debate. Significant reforms in scheduled commercial banks, mainly the state-owned public sector banks, are essential to achieve socially optimal outcomes ranging from infrastructure development to credit availability to the

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India’s Trade Policy is Affecting Agricultural Trade

Governance /

Recently, the final session of India’s seventh Trade Policy Review (TPR) concluded at the World Trade Organization (WTO) in Geneva, Switzerland. The TPR is an important mechanism under the WTO’s monitoring function in which member countries’ trade and related policies are examined with an aim to contribute towards improved adherence to WTO rules. India’s last TPR took place in 2015. Six

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Re-Imagining Separation of Powers

Governance /

Separation of powers refers to the division and separation created between government institutions by an allocation of authority to each institution within their respective domains. The traditional understanding of Separation of powers originates from Montesquieu’s work Spirit of Laws (1748) where he developed a model advocating for distribution of powers by creating three branches of

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Smarter Local Governance: Going Beyond Just SMART Cities

Governance /

Smart Cities in India must go beyond namesake, and empower the third tier of India’s federalism. Local governance all across India has rarely got the kind of attention that it is being accorded currently. From the Bhilwara Model to Pathanamthitta model, mitigation measures against covid-19 have shown that despite a centralized approach to lockdowns and economic activities, local

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