blog@Yantrajaal

Why do universities exist ? At the most abstract level, academic institutions are supported because it is believed that new thoughts and ideas that emerge from them will lead to better standards of life and living in the the civil society that funds the creation and sustenance of these institutions. These thoughts and ideas are in the form of new knowledge that is both created and disseminated in an efficient manner and this dual role, namely creation and dissemination, is structured as research and teaching. Hence the faculty of an academic institution is expected to generate new thoughts and ideas through original research and ensure that not only these ideas, but other equally useful ideas generated elsewhere, at other institutions, is communicated to the students in a lucid and interesting manner. Hence a good academician is expected to contribute both to research as well as to teaching -- plus of course the inevitable overhead of adminstrating a complex institution so that it can ...

Now that I have grabbed your attention with a couple of big and high sounding words let me justify their use in the title of this post. In any discussion of the Indian State, the first image that pops into our mind is that of the parade with which our armed forces salute the State -- through the person of the President -- on Republic Day. The spectacular nature of this parade, the precision with which the contingents -- both military and civilian ones -- walk, move, act and enact various scenarios is of course something to be proud of but the tragedy of the parade lies in the fact that it has no relation to the way the State actually works outside the parade route. Were we to move away from Rajpath and step into the dungeons of any sarkari daftar , the reality that will confront us is terrifying. Decrepit and stained with betel juice and with piles of dusty files covering innumerable empty desks, government offices -- whether central, state, municipal, panchayat or public sector ...

Pratap Bhanu Mehta's article in the Indian Express on the devil being in the detail of educational reforms is very interesting. It makes us look around for successful models and one that strikes the eye is obviously the Stock Exchange mechanism -- that is perhaps one of the most successful model that has emerged from Indian reform process. To see if this model can be used as a reference, let us see some of the regulatory issues that a "company" needs to address before it can transact business and earn money. At its minimum, a company must adhere to the conditions of the Companies Act and register itself with the Registrar of Companies. We note that the RoC does not really approve or reject the application on the basis of the quality of the companies products or that of its promoters. All that the RoC ensures is that the company meets certain basic disclosure norms in terms of ownership and financial issues. The focus is on accurate disclosure -- or transparency -...