Institutions as change agents | Business Line

Cautionary tale | Business Line

The Hindu Business Line, December 24, 2015


Institutions as change agents
This refers to Vinson Kurian’s report ‘Set up climate change management fund with Nabard at the helm’ (December 23). Despite resistance from several quarters, India has clearly announced the country’s intention to move fast on the development path and it is comforting to find that institutions are playing a proactive role in this.
The changeover of Planning Commission to NITI Aayog, RBI’s intention to introduce several new institutions in the financial sector and financial products to bring idle gold into the mainstream and encouraging banks to go aggressive on financial inclusion, GOI’s willingness to have meaningful dialogue with the Opposition outside the house when the latter obstruct proceedings in Parliament, and the Centre’s use of electronic and print media to elicit and share views of citizens on development issues are all signs of a maturing democracy.
The demand for Nabard being at the helm of the ‘climate change management fund’ needs to be seen in this context.
Trade unions are also re-inventing their roles. It is comforting to see that many employees’ organisations are becoming proactive and making suggestions for making the institutions they represent more effective in performing their mandated roles.
MG Warrier


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