The Indian Economy Blog

Archive for the 'Corruption/ Red Tape' Category

A Global Corruption Map

Monday, February 2nd, 2009

An interesting map, published by Forbes, detailing corruption across the globe. It’s interesting how the bulk of the world is corrupt, and there is some level of correlation between overall wealth levels and corruption (the wealthy nations are less corrupt – Western Europe, Japan, Australia, North America). It sure as hell doesn’t seem to impact [...]

Yeh Kya Ho Rahaan Hai?

Wednesday, January 7th, 2009

@**&#!! (!*!)!##! And, in addition, dazed and confused :-) Here is the full text of Satyam CEO Ramalinga Raju’s resignation letter Reactions/ comments?

Coals To Newcastle… And Bengal?!

Tuesday, August 5th, 2008

Why is Bengal, one of the largest sources of coal in the world, importing coal from abroad? Long-time reader and IEB friend, Joydeep Mukherji sent us this article with a comment: The West Bengal government has decided to import one lakh tonne of coal at higher rates to fuel the thermal power plants which have [...]

Guest Post: Mukesh Ambani Under Fire

Tuesday, July 8th, 2008

Mohit Satyanand Though I have never invested in the shares of Reliance Industries, my recently gleaned understanding of the world petroleum scenario has made me respect the company’s vision in its refining projects. As I mentioned once earlier, RIL’s existing refinery, and the one nearing construction, reportedly have unparalleled flexibility to process heavy, high-sulphur (so-called [...]

Scrap The Spending Limit

Friday, May 2nd, 2008

There are two special things about the ongoing elections in Karnataka. The first is the presence of a large number of real estate developers in the elections. The second is the virtual non-existence of corruption, rather the removal of it, in party manifestos. These two points, I believe, are not independent. Under the current system, [...]

Why Does India Have Such Terrible Politicans – 4

Wednesday, January 30th, 2008

The relevant question is not Who are we going to trust but What are we going to trust? Arnold Kling wrote a freewheeling essay last year Should You Trust the Government? in which he points out In the case of government, there is good trust and there is bad trust. Good trust is trust in [...]

Why Does India Have Such Terrible Politicians — 3

Saturday, December 8th, 2007

Russell Roberts says We should be realistic about politicians. George Stigler used to contrast his theory of politics with Ralph Nader’s. In Nader’s view, all of the ugly aspects of government were caused by the wrong people getting elected. If we could just elect better people, then we’d get better policies. Stigler argued that it [...]

Meet The New Boss…?

Monday, December 3rd, 2007

Removing corruption in India entails a look at ultimate reasons, not proximate causes Here’s a supposedly novel approach to corruption, the legalization of bribery, courtesy Ajay Shankar Pandey, the Municipal Commissioner of Ghaziabad [Chicago Tribune]. Today, contractors being paid after finishing long-delayed construction projects write the municipality a check for the 15 percent bribe that [...]

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