Prøve GULL - Gratis

Fixing the system

Financial Express Chandigarh

|

October 19, 2025

Gaps in political and economic systems highlighted

- MADAN SABNAVIS

FOR A PERSON who has been tracking Indian polity and economy for about eight decades, Shashi Budhiraja brings out a rather hard-hitting book on India's progress, titled The Governance Gap. As the title suggests he points out the gaps in our political and economic systems based on facts and data and devoid of emotion.

The political superstructure needs reforms that can come only from within, as people design the systems that they ultimately operate. The economic scenario needs improvement, which can be done provided we get the political ideology right, which is hence a circular puzzle. Yet, he is very optimistic about the future of India.

The book is partly a narrative of developments in various sectors since independence, along with his commentary on them. While these facts are well known, putting them together cogently with deep analysis is what makes Budhiraja's book stand out.

Let's start at the beginning. Yes, India has had fair elections since we started our democratic journey, which is something that we can be happy about, given how democracies have tended to wilt at different points of time. However, he points out that over time elections are driven significantly by money power and the majority of those who get elected have high levels of wealth. Moreover, given that up to over 40% of legislators have a criminal background does not bode well for a democracy.

FLERE HISTORIER FRA Financial Express Chandigarh

Financial Express Chandigarh

Delhi enforces 50% staffing at pvt offices to curb pollution

AQI STAYS IN VERY POOR CATEGORY; FORECAST OF NEXT 6 DAYS BLEAK

time to read

1 mins

December 18, 2025

Financial Express Chandigarh

Delhi Metro's new museum at Supreme Court station

THE DELHI METRO on Wednesday opened a new Metro Museum at the Supreme Court Metro Station, marking a shift of the facility from Patel Chowk to a larger and more interactive space, the Delhi Metro Rail Corporation (DMRC) said.

time to read

1 min

December 18, 2025

Financial Express Chandigarh

Skanray to enter aviation, eyes smaller towns

MYSURU-BASED MEDICAL devices manufacturer Skanray Technologies is planning an entry into the aviation sector, targeting smaller towns to tap the government's push for regional air connectivity and rising middle-class travel demand.

time to read

1 min

December 18, 2025

Financial Express Chandigarh

Meesho m-cap nears ₹1 L cr within days after listing

SHARES OF MEESHO jumped 20% on Wednesday to close at ₹216.35 on the BSE, extending a post-listing surge that made it India's best-performing major IPO of 2025.

time to read

1 min

December 18, 2025

Financial Express Chandigarh

Speciale Invest set to raise ₹1,400-cr fund

Bengaluru- based VC firm prepares fund to Back deep-tech firms

time to read

1 min

December 18, 2025

Financial Express Chandigarh

Quality higher studies key to demographic dividend: CEA

INDIA'S ABILITY TO convert its vast demographic advantage into a sustained growth accelerator over the next two decades will depend critically on the quality, relevance and adaptability of its higher education system, Chief Economic Adviser V Anantha Nageswaran said on Wednesday.

time to read

1 min

December 18, 2025

Financial Express Chandigarh

A New Benchmark in Value-Driven Management Education

Established by the Chinmaya Mission, an organisation globally known for its contributions to education, culture, and holistic development

time to read

2 mins

December 18, 2025

Financial Express Chandigarh

Shaping Future-Ready Leaders Through Innovation and Academic Excellence

ICFAI Business School (IBS) strengthens its position as a premier management institution with its global leadership in case-based learning, strong industry interface, world-class faculty, and exceptional placement ecosystem.

time to read

1 mins

December 18, 2025

Financial Express Chandigarh

Kotak Bank plans 5 times stress-test capacity by Mar

FUTURE READY Move aims to further strengthen resilience and scalability for future growth Core banking system was not down for a year, not a single outage has been reported Bank has reduced dependence on vendorised legacy systems and built its own in-house engineering

time to read

2 mins

December 18, 2025

Financial Express Chandigarh

Startup layoffs moderate; funding remains tight

AFTER THREE BRUISING years of funding slowdown and aggressive cost-cutting, the country's startup ecosystem is beginning to show early signs of labour market stabilisation, with layoffs easing both in scale and frequency in 2025.

time to read

1 min

December 18, 2025

Listen

Translate

Share

-
+

Change font size