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Front running is a form of insider trading, where investment banks use customers' trading information to trade for themselves, ahead of their clients. This practise results in huge losses to the investors, and abates trust in financial markets. How can the Volcker Rule contain this practice on a global scale?
Courtesy: Mission Against Corruption/Wikimedia Commons
The promise of an egalitarian democratic system in India and abroad, has been tarnished by the entrenchment of dynastic leadership and by an inordinate concentration of power and wealth in the hands of a few. It is imperative to find ways to confront the shortcomings that have crept into our cherished democracies.
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If the creation and consolidation of small enterprises is supported, the resultant growth in employment and incomes will further India’s development. This will increase the vibrancy and sustainability of our democracy.
Courtesy: naxaliterage
India's foreign policy prowess may be growing, but it is governed by the nation's internal health - which is riddled with poverty, corruption and displacement. Such vulnerabilities can threaten the smooth functioning of our democracy, and need to be addressed promptly.
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The involvement of Islamists in democratic movements is usually dismissed as a mere ruse to attain political power. However, evidence suggests that people in Muslim-majority democracies support Islamist groups which challenge a dishonest government, rather than those who seek to establish Islamic autocracy.
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The ongoing environmental movement in China - like many of the country’s burgeoning social movements - and those involved in it, are using various strategies to demand one of democracy’s preconditions—the rule of law.
Courtesy: PMO
India seems to be treading down the path of fruitless populism that crippled many countries in the past, most notably in Latin America. But like Latin America, India too can embark on a course-correction by implementing pragmatic economic policies alongside progressive but results-driven social spending.
Courtesy: JyotiParekh/Wikimedia Commons
Participatory governance, especially at the local level, can transform a locality into an ideal community. The experience of officials working with the municipal corporation for bringing about changes in Colaba, South Mumbai, demonstrates the potential of people’s involvement in democracy on the ground.
Courtesy: Al Jazeera English/Flickr
The women of a federation of self-help groups in Mayurbhanj, Odisha, won elections to their village governance bodies in February 2012. Their success is an example of what can be achieved when ordinary citizens participate in the political process, and their story will eventually resonate throughout India.
Courtesy: Gateway House
Is India's growing external debt a cause for concern? Are India's public sector banks too big to fail? Gateway House interviews former Whole Time Member of SEBI, Prashant Saran, to discuss the health of India's financial sector.