With inputs from Rajeev Mathur. Mehta is secretary general, CUTS International. Mathur is also with CUTS.
RBI must use the banking ordinance to deal with its credibility crisis. It must require rating agencies to make their processes transparent, objective and subject to public scrutiny.
Lateral exit is as important as lateral entry in improving performance and efficiency.
The electricity amendment bill reflects an approach that is open to rent-seeking and closed to consumer participation.
Telecom sector may be too crowded. Policy must address need for consolidation.
While the benefits of competition enforcement to consumers and the economy can be easily understood from a theoretical standpoint,such benefits are difficult to see since they are not easily isolated from other government policy interventions.