## Monday, March 17, 2014

### CBI preliminary enquiry on MCX-SX becoming a stock exchange

This is a good time to ruminate on the notion that CBI or Lok Pal should have independence. Underdevelopment is where the police are more dangerous than the criminals. Coercive power coupled with independence is a recipe for trouble. What is needed is far more thinking on how to do sound public administration, on the right mix of independence and accountability. Anger about corruption is not a useful source of good thinking in public policy.

This is also a good time to ruminate on the lack of rule of law in the determination of fit & proper.

Please note: LaTeX mathematics works. This means that if you want to say $10 you have to say \$10.