To call the death of V.G. Siddhartha shocking is stating the obvious. The more troubling issues are what drove him to despair. Enforcement agencies have assumed a vigilante status under Modi government. While they have a legitimate role, creating a climate of fear is counterproductive to ease of doing business.
Modi govt’s new CSR rules will take India back to Inspector Raj. Rethink mandatory CSRs
New rules for stricter enforcement of CSR funding, including mandatory transfer of the unspent funds to government-owned funds after 3 years, may take India back to the Inspector Raj. PM Modi’s government must re-evaluate the logic of UPA-era provision of mandatory spending of 2% profits by companies on CSR activities.