The Cutting Edge of Indian Financial Reform

In recent years, there has been an upsurge of difficulties in Indian finance, rooted in the `financial regulatory architecture’ – the block diagram of which agency does what. A lot of what is found in India’s present block diagram is rooted in obsolete legislation.

On the SEBI/IRDA problem about ULIPs, Vivek Kaul is writing . . . → Read More: The Cutting Edge of Indian Financial Reform

Health Care

Health care in the USA is completely broken. Health care is a difficult problem, to be sure, but I think it’s clear that we’re currently solving it very badly. Two problems with health care: One is that people expect everyone to have the same health care as a rich person, even if they’re not . . . → Read More: Health Care

Interesting Features of the Budget Speech

Financial stability, regulatory coordination, financial reforms

So far, in India, regulatory coordination was based on the HLCC. This has not been a particularly good experience. The HLCC was not statutory and there was no defined mechanism through which decisions would be obtained. Many inter-regulatory difficulties simply languished. One peculiar aspect of the HLCC was . . . → Read More: Interesting Features of the Budget Speech