Regulation: Paralysed regulators

With wrong people at the helm, distrust and lack of integrity are the norm

Consider some recent headlines. Chairmen of two large government insurers—Life Insurance Corporation of India (LIC) and New India Assurance—are under a cloud. The Central Vigilance Commission has issued an order against the Corporation Bank chairman. Gajendra Haldea, a senior Planning Commission official and IAS...

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