Governance is the key for real economic reforms to hold
Manmohan Singh knows that economic reforms need a protective underlay of good governance. Without institutional reform, economic liberalisation will not lead to inclusive growth. Four governance reforms are crucial.
First, make monthly audit of political party funding and expenditure by the Election Commission (EC) mandatory. Second, give the Judicial Standards and Accountability Bill more teeth. Third, implement police reforms ordered by the Supreme Court in 2006. Fourth, execute the recommendations of the Second Administrative Reforms Commission......Read More