The eroding sanctity of institutions in India

The overriding theme of governance in India over the past decade has been a sustained attack on the very institutions that bind the Indian state. Whether it be apex investigative agencies such as the Central Bureau of Investigation (CBI) or financial regulators such as the Securities and Exchanges Board of India (Sebi), very few institutions have managed to protect their autonomy and credibility during the nearly decade long reign of the United Progressive Alliance (UPA) government, as it went about demolishing the checks and balances that limit the abuses of power.

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