Only 19 out of 269 municipal corporations have issued bonds since SEBI guidelines were released in 2015. This represents less than 1% of total outstanding public-sector debt.
Our root cause analysis of China’s economic growth is wrong. Even though China is a one-party authoritarian State, it is far more decentralised than India.
In civil servant-run Gram Panchayats, spending is 62 per cent more strongly correlated with men's preferences than women's. These representation gaps widen when politicians allocate spending.
We simply do not know anyone who will not be corrupt. The purpose of a democracy is to build a system that is less prone to corruption by design because it is decentralised.
Paryavaran Bhawan, Vanijya Bhawan, and Urja Bhawan are among swanky new govt office buildings that have come up over past 10 years to house ministries away from Central Secretariat.
China’s single-party model enables inner party control, as an additional instrument, to ensure governance effectiveness across long implementation chains.
In tactical terms, the shirtless protest was worse than a self-goal. Suddenly, the fiascos of the AI Summit were forgotten, and the Youth Congress’s disruption became the issue.
IAF is fine with accepting the aircraft with 'must-haves', even if some other steps remain pending, which may take at least another year, it is learnt.
Biggest problem is democracy. Politicians have to first protect their chair before welfare of citizens. In china they don’t have to deal with it.