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Clean up land records: Let the financial system spearhead the change

The first step in this direction would be to start with the land that has already been collateralised in the formal financial system

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K P KrishnanVenkatesh Panchapagesan
Real reforms work when in­ce­ntives of multiple stakeho­l­ders are naturally aligned. Animal spirits don’t get un­leashed when animals are not allowed to follow their instincts. The reforms of the 1990s got that right and we stro­ngly believe that the recent announcement to allow farmers to do what is be­st for them will also work for the same reason. They work because it is in the best interest of most of the participants to make it work.  

As millions of small businesses and households plan for the post-Covid wo­rld, many are likely to lean on the only asset that they own
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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First Published: May 27 2020 | 11:10 PM IST

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