What a year 2011 has been!
Powerful people – racketeers, ruling party politicians, leading businessmen, even independent auditors - have been sent to jail and held without bail. A High Court judge has been impeached for the first time in India. Street protests have forced the Government to legislate an anti-corruption law in India. Then again, other paradigm shifting legislation - on judicial accountability and on whistleblower protection - has been introduced in Parliament. Without doubt, 2011 will go down in Indian history as an inflection point. What comes out the other side is an exciting prospect. We do wish you a happy new year and a great 2012!
Meanwhile, let us see what 2012’s first Ensouth has to offer. We begin with the topical in Historic Hostility and examine the nature of the compliance challenge in India, placing it within its historical context as we analyze the issues.
Next, we return yet again to the thorniest of India’s developmental challenge. In Pandora’s real estate box, we analyze the Supreme Court judgment on the Greater NOIDA land acquisition and understand both the issues and the reasons why the Supreme Court took the view it did.
Finally, in response to India’s biggest street protest since Y2K, in Melas with Missions, we subject the idea of legislation by street protest to our critique.
We welcome your feedback!
Ranjeev C Dubey