Denemek ALTIN - Özgür

Fixing the system

Financial Express Ahmedabad

|

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.

Financial Express Ahmedabad'den DAHA FAZLA HİKAYE

Financial Express Ahmedabad

Jio Financial profit declines 9%

JIO FINANCIALSERVICES on Thursday reported a 9% drop in consolidated profit at $269 crore for the third quarter ended December 31,2025.

time to read

1 min

January 16, 2026

Financial Express Ahmedabad

Unsold 2025-built cars trigger deep dealer discounts

PRICE DROP

time to read

1 mins

January 16, 2026

Financial Express Ahmedabad

Marine exports up 15% in Apr-Dec despite US tariffs

DESPITE BEING HIT by the high US tariffs, India’ marine products exports increased by over 15% to $6.56 billion in April-December 2025-26 yo-y because of a huge surge in shipment across several new markets such as Vietnam and Belgium, according to a commerce ministry official.

time to read

1 mins

January 16, 2026

Financial Express Ahmedabad

Bank dividend payout could surge as RBI moots raising cap to 75%

NEW CET1-LINKED FORMULA EXPANDS HEADROOM TO SHELL OUT MORE

time to read

3 mins

January 16, 2026

Financial Express Ahmedabad

Nasscom seeks tax clarity, flags cloud infra concerns

EASE OF BUSINESS

time to read

2 mins

January 16, 2026

Financial Express Ahmedabad

Tiger Global ruling creates doubt for foreign investors: Experts

EXPERTS HAVE DESCRIBED the Supreme Court's ruling in the Tiger Global-Flipkart capital gains dispute as a pivotal shift in India's approach to international tax treaties, potentially reshaping foreign investment structures, increasing litigation, and introducing greater uncertainty for overseas investors.

time to read

2 mins

January 16, 2026

Financial Express Ahmedabad

'In-principle' nod to NSEs plea in unfair...

INVESTORS IN THE unlisted share market usually buy these shares through private deals, employee stock options or other intermediaries.

time to read

1 min

January 16, 2026

Financial Express Ahmedabad

German economy breaks 2-year slide

GERMANY'S ECONOMY GREW for the first year since 2022.asa government spending spree helps the country overcome its lengthy industrial slump.

time to read

1 min

January 16, 2026

Financial Express Ahmedabad

Google launches market access push for AI startups

GOOGLE ON THURSDAY unveiled a new Market Access Programme aimed at helping Indian startups bridge the gap between local pilots and global scale, alongside announcing additions to its Gemma open model family as part of its broader artificial intelligence push inthe country.

time to read

1 mins

January 16, 2026

Financial Express Ahmedabad

NMIAL refutes telcos’ claims on network access

POOR SIGNAL

time to read

1 min

January 16, 2026

Listen

Translate

Share

-
+

Change font size