Will Conflict of Interest Allegations Against SEBI Chairperson Madhabi Buch Impact Indian Public Sector Banks?
The performance of SEBI has a direct impact on market operations, mergers and acquisitions, and the overall economy. | Photo Credit: Special Arrangement The integrity of India’s financial markets has been called into question following allegations of conflict of interest against Madhabi Buch, the current chairperson of the Securities and
Global Reports Spotlight Rising Food Insecurity in India, But Modi Government Chooses to Shoot the Messenger
Each year, five organisations—the Food and Agricultural Organization (FAO), World Health Organization (WHO), UNICEF, International Fund for Agricultural Development, and the World Food Programme—join hands to publish a report on the state of food security and nutrition in the world. This report that comes close on the heels of the
SEBI’s Buch Under Pressure: Can India’s Market Watchdog Chief Weather the Storm?
When the Satyam scam came to light in January 2009, it was a bolt from the blue for India’s stock market. Unlike anything ever seen or experienced by way of scams, this was stunning in size, complexity and impact. Then chairman and CEO of the IT company, Ramalinga Raju resigned
Wayanad Landslide Disaster: When Nature Rewrote the Map
“This was Mundakkai,” murmurs a rescue volunteer, pointing towards his right. From where we stand, atop a destroyed house, the view is frightening. A huge expanse of land lies in front of a tall mountain, the earth raw and wounded, like a vast, long scar. The soil is a muddy
Editor’s Note | Vaishna Roy Writes: The Centre is Stripping States of their Fiscal Rights
To now create artificial rifts and systematically strip States of fiscal rights, as the Centre is doing, is destructive. | Photo Credit: Soumyadip Sinha When the British finally realised in 1947 that they must leave while they could still keep their upper lips stiff, there were close to 600 princely
India’s Federal Democracy Teeters on the Brink as Centre Deploys Aggressive Tactics to Undermine State Autonomy
India’s quasi-federal democracy, which was in danger of collapsing into a centralised authoritarianism, seems to be holding up. The results of the 2024 Lok Sabha election that reduced the brute majority of the National Democratic Alliance (NDA) fronted by the BJP, making the coalition it leads dependent on support from
Fiscal Federalism | Tamil Nadu’s Economic Growth Stalled due to Asymmetric Fiscal Relations between Centre and States
The frequency and intensity of disputes between the Centre and States regarding allocation of resources have increased in recent years, creating persistent frictions in India’s federal system. The recurrent disputes have led to a short-term financial crisis in many States, especially those ruled by opposition parties. The current context of
NDA’s Discriminatory Fund Allocation Widens Centre-State Rift
The National Democratic Alliance (NDA) regime period has witnessed the emergence of a new slogan: “double engine government”. It virtually declares that a State where voters elect a BJP government will receive special fiscal support from the Centre. There cannot be a more obnoxious form of political favouritism in the
West Bengal vs. Central Government: Financial Standoff and Constitutional Crisis
During the United Progressive Alliance years (2004-14), the then Chief Minister of Gujarat, Narendra Modi, led the brigade of States on each and every issue that he felt militated against the federal structure of the Constitution. When he was elected Prime Minister of India in 2014, we naturally expected him
Unified Pension Scheme: A Half-Measure That Fails to Address Deeper Issues?
On August 24, the Union Cabinet approved the Unified Pension Scheme (UPS), which guarantees an assured pension to government employees who joined the service after January 1, 2004, under the National Pension System. This optional scheme, which will be applicable from April 1, 2025, will benefit 23 lakh Central government