Thursday, March 29, 2012

FSLRC has a website

The Financial Sector Legislative Reforms Commission is one of the important elements of economic reforms in India. It now has a website.

Justice Srikrishna and Chirag Anand at the inaugural

9 comments:

  1. Dear Sir, I am a corporate lawyer with two years of work experience in top tier law firms. I am very keen on making a shift to the area of research on corproate and financial laws. Please let me know if FSLRC is accepting application for the position of a researcher. Many thanks for your attention.

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  2. A very good move. Congratulations.

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  3. I liked the website. It's pretty simple to access information. A definite improvement on Indian government websites. Perhaps the government should set guidelines for creating such websites like the US government has.

    The Commission has a great mandate. But I am not sure if it and especially its working groups represent the broad spectrum of people who will be affected by reforms. I see management consultants and bankers on these groups. But are they the only stakeholders? The BJP recently criticized (rightly or wrongly) the Planning Commission for being filled with management consultant types who are out of touch with the people. This sudden fetish for people with name-brand corporate identities and foreign degrees is quite troubling. Especially troubling so when I see the desperate plea for a job above. A few months back I had noticed that quite a few kids (yes literally kids) have worked as OSDs and interns in central government departments and their qualifications seem to be that they studied or are studying in foreign name-brand universities. This at a time when school and undergrad education in economics and finance is quite pathetic in our country.

    I know I went off on a tangent but these working groups need broader representation. Is there anyone representing the interests of rural consumers? Or a layperson?

    Of course, I am speaking as a layperson and a nobody.

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    1. "their qualifications seem to be that they studied or are studying in foreign name-brand universities. This at a time when school and undergrad education in economics and finance is quite pathetic in our country."

      You explained it yourself. When the domestic education system sucks, foreign credentials will demand greater currency. What's surprising about this?

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    2. "The BJP recently criticized (rightly or wrongly) the Planning Commission for being filled with management consultant types who are out of touch with the people."

      I don't think there are any "management consulting types" (nothing pejorative intended on my part) in the FSLRC project. The members of the commission, and the technical advisors and team that supports them, are all people with enormous domain knowledge and specialised subject matter expertise in the fields of finance, financial regulation and law.

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  4. Do not meddle in the affairs of wizards, for you are crunchy and good with ketchup.

    But seriously: when you have to do heart surgery, do you consult laymen?

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    1. Economics is not a science and policy-making is no heart surgery. It's more like those proverbial blind men describing that elephant. If you don't believe then go and have look at the food-fight going on between Krugman and Keen.

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