Monday, October 30, 2006

Judiacial Renaissance

Wow! This is great! Matto, Imrana, Afzal - judiciary is taking back its position. It is a great reassurance to the 1BN people who, for the last 60 years obeyed every decision (except for couple of parliamentary interventions and emergency - which was widely condemend).

Our judicial system in India is grossly understaffed now. But the system has shown it can stand up for itself and rejuvinate the platform on which people can conduct business legally. Our great instiutions are capable to correct themselves. We can do this.

We need more reforms in corporate legal systems. As Mukesh Ambani once noted, we would need reforms in labor laws, employee and employer regulations, minimum wages - laws that govern private sector. There hasn't been much known to common man about these. An American citizen is much better educated on these laws and these part of their lives. It needs to be in India as well. It is a good part!