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Starting with the challenges faced by Indian petroleum sector in its hydrocarbon discoveries, the scenario remains to be unimpressive even after nine rounds of NELP bidding. Out of sedimentary basin area of 3.14 million km2 only 22 per cent has been well explored, while similar percentage is poorly explored.
The bottom line assessment of the third Plenum of the 18th CCCPC is that the Plenum outcome keeps Chinese economic and political developments on an evolutionary path, rather than a revolutionary one. In other words, it has sought to tweak policies, rather than offer up a radical menu.
Completely aligned with a control mindset, the practice of ensuring that farmers get a fair return on their production in an era of food surpluses con
Stability of banks has been RBI’s sole focus for the past 70 years, an idea the central bank has nurtured since its nationalisation in 1948.
This law enacted in 1947 showed who would be in charge of capital in socialist India.
In their new avatars, ICICI Bank and IDBI Bank command the size and scale to repeat that performance for household finance, while IFCI is teetering un
At a time when India was emerging from the aftermath of Partition and shortages, the objective of this Act was to protect citizens from exploitation b
The Factories Act ensures that working conditions of Indian labour are humane and entitles them to protection against loose processes.
Finance Commissions decide the distribution taxes between the centre and the states, and is the key financial lever determining the federal structure
The new FCI should be a market-friendly agency for food management, with a primary focus on creating competition in every segment of foodgrain supply
The Foreign Exchange Regulation Act extended controls to “the use or disposal of — or dealings in — coin, bullion, securities or foreign exchang
As companies and producers began to embrace and communicate their adherence to the “ISI Mark” as a virtue, the mark and the quality it certified s
The resolution emphasised on support for cottage, village and small-scale industries by restricting production for large players, differential taxatio
The law declared “in the public interest” — a term that would get echoed over the next five decades for several laws and policies, to mean the c
While building institutions is hard, maintaining them is even harder.
Through the Minimum Wages Act, the Parliament declared that governments — not economic agents — would decide the amount of wages paid.
A five-decade-old issue — concentration of economic power, dominance in the hands of the few and the resultant inequalities — remains alive even t
If airlines symbolised the travel of the rich, they should logically have been banned altogether or taxed heavily. Instead, the government nationalise
“Nationalisation,” Indira Gandhi proclaimed, “is necessary for the speedy achievement of these objectives.”
In terms of outcomes, the first decade of coal nationalisation saw “political patronage of mafia activities” and bureaucratic corruption.
From 1972 to 2002, the journey of GIC — from nationalisation to a general insurance monopoly to opening up to private competition and finally to bec
While the ostensible reason for nationalisation and the obliteration of all competition was unfair practices of the companies and the protection of po
Intermingled with ONGC’s corporate structure was India’s strategic goal of energy security, the route to which was through global acquisitions.
An analysis of the agenda papers and records of the first 50 meetings indicates the dominance of a central economic thought, articulated by the prime
Initially offered by post offices and branches of select public sector banks, today, most private sector banks can offer the provident fund scheme to
Possibly enthused by the socialist celebration of nationalisation as a silver bullet for all things market, the nationalisation of textile mills faile
The Special Economic Zones Act was, and still remains, a difficult legislation to turn into action.
Through the six decades of SBI’s presence, the initial objective of extending “banking facilities on a large scale, more particularly in the rural
The intellectual framework for high taxes was set by Finance Minister C.D. Deshmukh in his 27 February 1953 Union Budget speech, where he set up the T
Focused primarily on the Indian economy, Gautam Chikermane's new book, 70 Policies, also explores the impact of external influences — legal, politic
The idea of a united Indo-Pacific put forward by t he Japanese Prime Minister Shinzo Abe is becoming increasingly concurrent with the foreign policy initiatives of Indian Prime Minister Narendra Modi, according to the Ambassador of Japan to India, Mr. Takeshi Yagi.
The phase of mandatory approvals and vastly expanded scope under the rulebook heralds a new era for the regulation of medical devices.
The Bhutanese government has brought about reforms to upskill the youth, bridge the demand-supply mismatch in the job market and prevent further brain
The days of Budgets being policy statements and media events are over. Budget 2018 does what it is supposed to: balance the books — the fiscal defic
The Finance Minister announced allocations for various sectors in the Budget. But these are a regular feature of every Budget. What was different in this Budget? Almost nothing except that there has been fiscal consolidation. Obviously, it is not going to satisfy the common man, farmers, industry or foreign investors.
The significant gap in fiscally integrating climate change concerns within national spending needs to be addressed
With the increase in demand for coal, the only viable option left for the government is to go against its policy of self-reliance with coal beneficiat
Open defecation (OD), an age-old practice in India, impacts the health of individuals as well as their communities. To tackle the problem, the Government of India launched the Swachh Bharat Mission (SBM) in 2014, aimed at making the country open-defecation free (ODF) by October 2019 by giving more attention to community-based approaches. However, while such approaches have helped solve the sanitation riddle in many countries, curbing OD in India
Observer Research Foundation in collaboration with the Delhi University conducted the third summer workshop for undergraduate students of Delhi University from 17 May to 2 June. The theme of this year's workshop was "Contemporary Challenges and the Making of Public Policies".
India is prioritising access to affordable, high-quality healthcare services through recent government policies, reflecting a strong commitment to hea
Over the past decade, Mumbai’s civil society has raised concerns over the way in which the municipal corporation appears to be prioritising rapid development at the cost of the city’s public space. Indeed, the city has lost significant areas of its open spaces owing to various reasons, among them archaic policies, unrealistic goals, and the labyrinthine division of power and jurisdiction between the Brihanmumbai Municipal Corporation and othe
