In this issue

COVER STORY: Usha Sangwan who has shattered a major glass ceiling by becoming the first woman Managing Director of the LIC speaks to Bureaucracy Today about her journey of rising to a position that for decades has been a male bastion. She also talks about her life’s philosophy, her work and the recent trends in the insurance sector of India.

IN FOCUS: Covering an area of 43.7 km square, the New Delhi Municipal Council has been providing basic civic amenities and various social, cultural, educational and medical facilities in the abode of members of the general public, ministers and bureaucrats. In a conversation with Bureaucracy Today, NDMC Secretary Chanchal Yadav, IAS, says why this Council is not another spoke in the wheel of India’s municipal corporations.

Breaking the Glass Ceiling

The inspiring Usha Sangwan needs no introduction. She is a technocrat who has shattered a major glass ceiling by becoming the first woman Managing Director of the State-run Life Insurance Corporation of India, a feat achieved in the insurance behemoth in its nearly six decades of existence. Under her leadership, the LIC has scaled amazing heights. Her glorious journey of rising to a position that for decades has been a male bastion is an inspiration for crores of women in a world which stereotypes the finance sector to be a men’s domain. As the world celebrates International Women’s Day this month, Bureaucracy Today speaks to Sangwan about her journey to the top, her life’s philosophy, her work and the recent trends in the insurance sector of India.

9 mins

Can Domestic Manufacturers Capture a Larger Pie of Indian Solar Market?

Solar installations in India reached 4 GW in 2016, and are expected to surpass 9 GW in 2017, an incredible pace of growth considering our country installed just 883 MW in 2014. With exponential growth in the sector, the Government wants to ramp up domestic manufacturing to decrease the volume of solar module imports which, along with installations, has also increased dramatically. The challenge, like in most markets, has been that of cost competition from Chinese manufacturers. India lost its case at the World Trade organization (WTO) last year which ruled that its Domestic Content requirements (DCR) discriminated against US manufacturers. With this backdrop, Indian policy makers are now looking at various options to support domestic manufacturers without violating global trade agreements.

4 mins

Was Modi's Demonetisation A Flop Show?

When the demonetisation of Rs1,000 and Rs 500 notes was announced by Prime Minister Narendra Modi on November 8, 2016, the expectation was that about Rs 350,000 – 400,000 lakh crore out of a total Rs 15,44,000 lakh crore (embedded in these notes) would not come to banks. This was taken to mean tremendous success of this policy decision. On the one hand this would tantamount to sternest punishment to hoarders of black money (via junking all of their illegal wealth – accumulated over the years – to a worthless piece of paper) and on the other this would give a bonanza to the Reserve Bank of India by way of extinguishing its liabilities to the extent of amount not returned. Eventually, the money will flow into the coffers of the Union Government – being the owner of the apex bank. Now that almost all cash held in these currency notes has come to banks, critics have flayed the policy decision as a monumental failure. But it would be premature to jump the gun.

3 mins

Accelerating Sustainable Development Towards 2030

Taken together, the 17 Sustainable Development Goals (SDGs) – contained in UN Resolution 70/1 involving the 194 member States and civil society in its deliberation – seek an encouraging level of development of humanity’s social and environmental existence. They establish a framework through the year 2030 that can assist the nations and communities of the world in plotting what could amount to transformative, prosperous, and sustainable achievements. How can this potential development unfold and be long-lasting? What approaches should we catalyse so that sustainable projects result in and generate the human development benefits the world’s local publics want and need?

4 mins

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Bureaucracy Today Magazine Description:

About Bureaucracy Today (BT) Magazine :
Bureaucracy Today (BT) is proud to be a leader in governance readership and is a ‘window for the corporate world’ as to what is happening in the government. The BT, an authoritative magazine has a circulation of 1.25 lakh and a readership of 6 lakh. BT readers are influential, affluent and politically powerful.

By virtue of its unrivalled capability in delivering influential readers comprehensively and reaching out to over 6.0 lakh affluent readers – from policy makers to entrepreneurs to top bureaucrats, PSU technocrats, to FIIs, diplomats, economists, CEOs, to small businessmen, stock investors and more, the Bureaucracy Today is one of India’s most comprehensive and influential consumer platform. Notably, the Bureaucracy Today readers are responsible for more than 70% of the India’s GDP. Bureaucracy Today publishes highly valuable content in a unique format so that its reader may utilize and benefit from the distinctive and useful information related to India INC and the government.

Profiles and interviews of individual top corporate leaders, bureaucrats and PSU technocrats are presented in a manner that brings out and reveals the state of mind of the top industry leaders so that related stakeholder may benefit from such useful information published in Bureaucracy Today magazine.
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BT is a must read for senior corporate executives (CMDs, CEOs, COOs, Directors, Presidents and senior VPs), lobbyists, diplomats, students and more who are interested in the government affairs. Bureaucracy Today (BT) is a must read for senior corporate executives as it is a ‘window’ for the corporate world as to what is happening in the government.