Curbing Corruption: Doable or Dreamlike? India Pushes to Criminalize Bribery of Foreign Officials

Jason S. Levin, Vol. 37 Associate Editor

August 2015 marked the release of India’s Twentieth Law Commission report, wherein Indian officials proposed sweeping changes to the country’s policy toward bribery.[1] India, the second most populous nation and the largest democracy in the world,[2] is no stranger to the drawbacks of a society rife with corruption.[3] As S. K. Ghosh, Former Inspector General of Odisha Police, noted in his seminal work in 1971, “[c]orruption is tracking blood on [India’s] sacred heritage, impeding the progress of [India’s] society, and jeopardizing [India’s] hope for the future.”[4] Continue reading

Financing India’s Solar Energy Infrastructure

Divya Taneja
Vol. 37 Business & Development Editor
Vol. 36 Associate Editor

India is aiming to become a renewable energy super power.  India’s current prime minister, Narendra Modi, has outlined grand plans for India to provide electricity to 300 million Indians living without power, and to prepare for negotiations ahead for a United Nations deal to address global warming concerns.[i] India’s Minister of State, Piyush Goyal, expects $100 billion to be invested in renewable energy in India in the next five years. To incentivize this massive growth in solar energy infrastructure, Goyal has doubled the tax on coal. Specifically, this new decision doubles taxes on every metric ton of coal mined or imported by India.  The revenue generated funds the National Clean Energy Fund and provides funding for clean energy while also introducing incentives to close dirty and inefficient coal plants that are older than 25 years.[ii] NCEF funds are earmarked for renewable energy projects, environmental projects and research and development.[iii] Continue reading