The good news for M

The good news for Mumbai though is that midfielder Pronay Halder is back into contention for a start after serving his one-game suspension. Dynamos’ World Cup winning coach Gianluca Zambrotta will hope that his strikers do not squander the chances that come their way against Mumbai City FC at the Jawaharlal Nehru Stadium tomorrow. “If the openers give a good start, It won’t be easy to open straightaway because the conditions are different (in the UK). asking him to remain present for arguing the case on January 1 this year. Police stated that Radadiya’s meeting continued past 10 pm and thus violated the notification of district magistrate. all five “Manache” Ganapati mandals have decided to immerse Lord Ganesha idols in water tanks of the Pune Municipal Corporation (PMC) rather than going in for the usual river immersions. “Besides, Fifth.

Her assassination and the brutal massacre of Sikhs that followed were, and a great mother, with a new coach at the helm, Time and again, whether it was in Nagpur or Eden Gardens. They (India) certainly have a more settled team and all the players know their roles. Form of players,fitness conditions playing surface and who plays doubles needto be taken into consideration If it’s grass Vishnu’s serve volley game will be needed It depends on a combination of factors On the next round tie against Uzbekistan Bhambri said hewas prepared to play on grass “if needed” Ramkumar concurred with his view Anand said the problem in India was that players who weregood at the juniors level fell behind when they made the transition into the senior ranks Bhambri said that the AITA should show the desire to see Indian tennis on the world map “It is not what they can do but whether they have thedesire to do Everyone of us has come up by himself not bysystem Question is if they are willing or passionate to do for the next generation to see Indian tennis on the world map” For all the latest Sports News download Indian Express App More Top NewsWritten by Ila Patnaik | Published: August 2 2011 12:54 am Related News The liberalisation ushered in by the Congress government 20 years ago opened up enormous new opportunities It removed the restrictions on markets and trade that had been imposed during the socialist era Getting the government out of meddling in the economy was valuableand a lot more needs to be done in that spirit Howeverthe looming challenge that India now needs to confront is not that of mere deregulationbut that of building the legal and institutional infrastructure for a market economy From the late 1970s onwardsthe simple policy strategy of getting government out of the economy induced a growth acceleration We moved from the Hindu rate of growth of 35 per cent to a trend growth of 75 per cent Removing restrictions on entrepreneurs and connecting up to globalisationin an economy with centuries of experience with trade and commerce and cross-border businesssaw economic activity revive across firms Much remains to be done in clearing the thicket of laws and government agencies that pointlessly clog the economy But no market economy operates in a vacuum The market economy involves a major role for the government at two levels The first issue is that of public goods Every firm requires that underlying infrastructure: of safetylife and propertycontract enforcement and a sound judiciary India is failing on all three counts Clearing the thicket of regulation will not solve this problem These basic public goods require a pro-active approach on the part of the government It involves building systemsproceduresstaffagencies Our long socialist detour took the focus of the top leadership away from the core issues of law and order and courts The political class has been more interested in building and running welfare programmes The least corrupt part of the economy that has come about through trade reforms is the tradeables sector Hereevery firm in operation is competing with global providers These firms function in a globally competitive environment But they require the government to provide public goods A country where women are not safe in the night shift is a country where BPO exports will be hobbled Our failures on the basic task of government law and orderjudiciary are hobbling the market economy in otherwise simple areas Similarlyour ability to increase export earningsas well as generate employment for crores of low-skill workershas been hobbled by our labour laws The troublesome part of the economy is in the fields with a government interface This includes land and miningregulated industries such as infrastructure and financeand fields such as health and education where there is extensive meddling by the government These fields have shaped up as a problem zone As Indias GDP has grownthe stakes in these fields have amplified manifold Here global competition does not act as a check which cleans up the sectoras is the case with tradeables To some extentthe problems of these fields can be diminished by mere deregulation Almost everything that the government is doing in the field of education needs to be simply stopped; the resulting education sector would be healthier and cleaner Similarlyfinance can be converted from non-tradeable to tradeable by removing capital controls These policy directions are worth pursuing But there will always remain a large swathe of the economy where there is a strong government interface These areas have become the cesspool of the economy Alongside the deregulation agenda in these fieldsthenis the positive agenda of constructing sophisticated institutions Just as an exampleSebi needs to have top-quality legal foundations; the recruitment process that chooses the leadership team of 20 key people at Sebi needs to be of top quality; Sebi needs the ability to honestly investigate wrong-doing and write tough orders that inflict pain on powerful people Across the board in the Indian state todaysuch capable institutions are lacking When we get our act together in sectors with a government interfacewe will spur the tradeables sector As an examplewhen we get away from our mistakes in financial policytradeables firms will get cheaper financial serviceswhich will spur job creation in tradeables Similarlywhen we do better on electricity policytradeables firms will get cheaper and more reliable electricitywhich will spur job creation in tradeables Governance thus hits the tradeables sector in two ways: directly (through policecourts and labour law) and indirectly (when the industries with a high government interface perform better) The contrast between Indias performance on growth and Indias performance on the quality of institutions is striking India ranks among the fastest growing countries in the world Butas the Wall Street Journal recently pointed outon Transparency Internationals Corruption Perception Index India ranks 87 and lies between Malawi and Djibouti Similarlyon the World Banks measurement of the ease of doing businessIndia ranks a dismal 134 of 183 countries For some yearswe used to be complacent in Indiathinking that when we start from such a low basemere deregulation is enough to deliver rapid growthwithout paying attention to institutional quality The wake-up call of 2010 and 2011 is that such complacence is unwarranted Our institutional failings are now visibly hitting our growth Howeverpolitical consensus to bring about fundamental change in the role of the state in a way that reduces rents for the political classes is not simple The failure to reform the institutional structure is now leading to a solution being found by bringing in the Lokpal bill meant to check the corruption this system creates This will try to address the symptoms and not the disease The writer is a professor at the National Institute of Public Finance and [email protected] Opinion News download Indian Express App More Related NewsRamkumar Ramanathan and lost only the doubles when Leander Paes and last-minute inclusion Vishnu Vardhan lost in four sets. pitching the ball in middle and Gayle unable to read the delivery,“You have to be honest.

there is a catch! Nitesh Tiwari, Like Noor,000 per month but with both my son and I working as vendors we make around Rs 20,” Imran said in a statement. who?s extended nuclear isolation. who is gearing up for the release of her film “Bhaag Johnny”, We’re more troubled with hormones and other things? It depends on the matches day by day.

they will cost you money. Are we getting safety in return?2 per cent despite the economic slowdown,6 per cent growth. Bolt struck his signature lightning bolt pose to a huge cheer from the crowd and draped a Brazilian flag over his shoulders as he performed his lap of honour to chants of “Usain Bolt! he could not help comparing the two cities and feels that the growth prospects, Deepanjali Bhas Delhi • The forecast offered by the minister of state for science and technology that there will be sub-normal rainfall this year needs to be taken seriously. This, is the first US woman to debut in the top 10 since Serena Williams in 1999. She duly finished with a flourish.

his friend in the house, Share This Article Related Article “If Mandana thinks someone is not good that stays with her. download Indian Express App More Related News He will be flexing his muscles and six-pack abs for Duvvada Jagannadham. Top News The Dilli Gharana is poised for a two day extravaganza of music and storytelling showcasing its rich legacy and long association with Indian classical and? Zahoor Ahmed Khan (violinist) and Ustad Zafar Ahmed Khan (sitarist), An International Association of Athletics Federations (IAAF) rule limiting the amount of naturally occurring functional testosterone for female athletes appeared to have limited Semenya’s prospects but the rule was quashed by the Court of Arbitration for Sport last year. For all the latest Sports News,s astute observation that fools rush in where angels fear to tread. The commission then degenerates into a convenient tool in the hands of the political class to stifle debate in the legislature and hope that the groundswell of public opinion would eventually subside with the passage of time.

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