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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.
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
Para 68 of the Budget announcement of 2021, exactly 30 years after 1991, could be the beginning of the next round of financial sector reforms
The answer to the question of how to vaccinate a billion Indians is perhaps to be found in basic economics
A mechanism to separate Sebi's judicial and executive powers is central to creating a regulator more in tune with the rule of law
The recent semi-public exchanges between Sebi and DFS raise several questions about the legislative function of regulators that need careful consideration
Excessive centralisation of skilling programmes may hinder the ability of training institutions to effectively respond to Indian market requirements
Sebi's proposal on concentrated holdings could disrupt the balance between the supervisory and business roles of stock exchanges
The bank-led model of infrastructure financing is fraught with difficulties. But DFIs are not a quick fix
It involve a choreographed dance of multiple institutions and individuals, over long periods