Wednesday, May 16, 2018

24 May 2018: Panel discussion on 'Future of Governance'

J Satyanarayana, Unique Identification Authority of India (UIDAI)
Ananth Padmanabhan, Carnegie India
Chinmayi Arun, National Law University
Vrinda Bhandari - Advocate

Justice BN Srikrishna, Chairman, Financial Sector Legislative Reforms Commission (FSLRC)

The aim of this panel is to bring clarity to concepts like receptive technology, glacial government, response of regulators to the pace of technological advancements, era of blockchain and bitcoins, artificial intelligence, big data and forecasting.

Date: May 24, 2018
Time: 06:30 P.M.

Deshmukh Auditorium,
India International Centre
Max Mueller Marg,
New Delhi - 110003(INDIA)

Sign up for the event at this link:
This is necessary given seating requirements.


Monday, May 14, 2018

25 May 2018: Political Economy of Market Development: Why India's Equity Market Reforms Have Succeeded While Its Corporate Debt Market Has Not

John Echeverri-Gent
University of Virginia

India’s equity markets have been transformed from the backwaters of the global market with outdated trading technologies and regulatory institutions to world class institutions using cutting edge technology. At the end of 2017, National Stock Exchange and the Bombay Stock Exchange had the ninth and tenth largest domestic market capitalization in the world, and they operated settlement and regulatory standards at the global cutting edge. At the same time, India’s market for corporate bonds lagged far behind global standards. In 2013, the value of Indian corporate bonds as a percentage of GDP was only 5.4% trailing far behind not only economic powerhouses like Republic of Korea (77.5%), Singapore (37%), Hong Kong (31.4%), and China (13%), but also less successful economies like Malaysia (43.4%) and Thailand (15.9%). More than 94% of corporate debt was raised through private placement rather than on the open market. This talk develops a political economy approach to explain why India’s equity markets have rapidly developed and its corporate debt market has not.

Date: May 25, 2018
Time: 04:30 P.M.

Conference Hall, Ground Floor
R&T Building
National Institute of Public Finance and Policy,
18/2 Satsang Vihar Marg, Special Institutional Area,
New Delhi-110067(INDIA)

Those who are interested may please confirm your participation at


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Friday, May 4, 2018

11 May 2018: A panel discussion on ‘Power plants as a source of Air Pollution in India’

Vinuta Gopal, Asar Social Impact Advisors
Priyavrat Bhati, Centre for Science & Environment
Ritwick Dutta, Legal Initiative of Forest & Environment

Shibani Ghosh, Fellow, Centre for Policy Research

We now turn to a fourth significant source of air pollutants in the country – coal-based thermal power plants. They are responsible for the dramatic rise in pollutants such as SO2 and NOx in the country, particularly in industrial hotspots.

Power plant-specific emission standards for PM, SO2, NOx and mercury, introduced by the Ministry of Environment, Forests and Climate Change in 2015, were to be complied with in two years. By some estimates these could have reduced emissions from power plants by 70-85%. However, the Ministry moved the Supreme Court to relax its own deadline by five years, claiming that the standards were not attainable in two years.

As coal-based power plants generate about 75% of India’s electricity, regulation of emissions from power plants needs urgent attention. The panel will explore various aspects of this issue: what is the nature and scale of the problem; what is the governing regulatory eco-system; and what was the process of formulation of the 2015 emission norms? It will also deliberate the key challenges – political, economic and technical – in reducing power plant emissions and what is the role of the courts, particularly the Supreme Court, in regulating pollution from power plants.

Date: May 11, 2018
Time: 04:00 P.M.

Conference Hall
Centre for Policy Research,
Dharma Marg, Chanakyapuri,
New Delhi–110021(INDIA)

Please RSVP at


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