K P Krishnan is a retired IAS officer. He has served in various positions in the Government of Karnataka, Government of India, and at the World Bank. He has taught as a visiting professor at the Indian School of Business and as BOK Visiting International School Professor of Regulation at the University of Pennsylvania Law School.
K P Krishnan is a retired IAS officer. He has served in various positions in the Government of Karnataka, Government of India, and at the World Bank. He has taught as a visiting professor at the Indian School of Business and as BOK Visiting International School Professor of Regulation at the University of Pennsylvania Law School.
It is not clear whether the proposed Data Protection Board is a repudiation of India's recent regulatory experience or an improvement on the present arrangement
China recently redesigned its financial regulatory architecture, clarifying which agency will do what. It is time for India to revisit this issue
Just as in private companies, it is crucial for government agencies and regulatory authorities to have a majority of independent directors on their boards
Recent issue of a direction by the Ministry of Power to the Central Electricity Regulatory Commission does not augur well for either regulatory autonomy or for the longer-term development of sector
The three-plus decades of Sebi's existence offer important lessons for public policy and security market reforms
The collapse of Silicon Valley Bank and the swift intervention by the US authorities hold lessons for India - to complete the unfinished policy agenda on handling failed financial firms
The argument that a country can be an active participant in global trade but avoid financial globalisation is fundamentally faulty
The Presidency of G20 should be used by India to argue for globalisation and a rules-based global economic order
In tune with global thinking, India created a monetary policy committee to target inflation. Six years later, it's time to strengthen its accountability
Market infrastructure institutions are being turned into de facto PSUs. Have we failed to find the right balance in their operations?
The regulators of wealth in India are empowered and autonomous, unlike the regulators of wellness, leading to very different outcomes in the two sectors
Exactly 26 years ago, India embarked on a very ambitious path in digital finance leading to remarkable results. It is time for more such reforms
The Union government needs to step in and lead the next round of pension reforms, which are now in danger of unravelling
Independent and continued evaluation of statutory regulatory agencies is necessary and important for feedback to regulators and Parliament
In a constitutional democracy, the RBI is bound by the law to focus on its core mandate
All India Services were to be all India in character for a purpose. Any dilution of this central tenet should worry policymakers
Transforming property registration to unlock economic growth the way the NGDRS has done holds promise for similar cooperation in other areas
RBI's recent actions against auditors highlight the need for role clarity as well as coordination among regulators
Competitive markets in financial services are the best bulwark against consumer fraud in the long run. In the medium term, omnibus and dedicated legislation could be the answer
The placement of these two ministries with one minister is the first step towards improving the employability of India's workforce in a pandemic