Amending the Electricity Act 2003- Getting the regulatory incentives right

State Electricity Regulatory Commissions (SERCs) constituted under state level legislation in seven states from 1995 and subsequently under the Electricity Regulatory Commissions Act 1998 (since subsumed into the Electricity Act 2003) have failed, to uniformly tackle the twin problems of high operational cost and distorted retail tariff structures not reflective of the cost of supply. […]

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Independence day 2022: Looking Ahead

The annual address from the ramparts of the Red Fort is Prime Minister Modi’s prime vehicle for mass outreach, other than via his Twitter handle. His style—discursive, evocative, and expansive—suits the occasion where substance must needs take a back seat to rhetoric. All these are good reasons for not looking too deeply into the substance […]

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Bridging The Public Policy gaps

In the noticeably short term, say less than five years, decision paths and trade-offs are clearer than in the long term, say more than ten years. This is why governments make sensible short-term bets but like most individuals, flounder whilst taking decisions from the long-term perspective. Covid-19 management – a triumph of short-term decision making […]

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Unshackle Indian retail e-commerce

Regulating the retail business in India is messy. State governments directly regulate trade and commerce within a state, whereas the Union government can intervene by legislating for specific products in public interest. The Union law prevails over commercial and industrial monopolies, combines, and trusts. The politics of retail Inter-governmental turf issues have dominated, since 2011, […]

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India’s infirm reforms path

Is India a market maker or a market taker? In financial jargon, “takers” buy or sell at the price available in the market whilst “makers” actively buy and sell, thereby molding the market price and making it liquid. Applied to sovereigns, the United States is certainly a “market maker” as is the European Union and […]

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The upside of farm laws repeal

The dominant view is dire on the impact of the proposed roll back of the three Farm Laws, enacted in haste in 2020, even as the pandemic raged. Opinion is divided whether it is proof of the government’s shallow commitment to deep reform or that it proclaims doom for agriculture, which has committed Hara-kiri by […]

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