Public institutions support good governance, which, in turn, promotes sustainable economic development and, thereby nurtures the welfare of the people. The vital bond between a people and its government is that of trust, and these public institutions help maintain that trust. They serve as the pillars supporting the foundation of a robust and vibrant democracy. In Rethinking Good Governance, Vinod Rai highlights the strength of each of these pillars and analyses the circumstances that may have led to their weakening, resulting in the foundations of our democratic fabric being somewhat shaken. From numerous occasions when parliamentarians failed to adhere to the decorum expected of lawmakers in the House, the serious deficit of impartiality and integrity within the Central Bureau of Investigation, to the issue of governance that has plagued the Board of Control for Cricket in India (BCCI), and the imbroglio around the perceived lack of cohesion between the government and the Reserve Bank of India, Rai reveals how each of these instances led to a gradual decline of the independence and autonomy of these institutions over the decade.
About the Author
Starting his career in the Indian Administrative Service in 1972, Vinod Rai rose to become the eleventh Comptroller and Auditor General of India in 2008. He demitted office in May 2013 after a very active and illustrious tenure. In 2016, Rai was appointed the first chairman of the newly created Banks Board Bureau. He is presently the Chairman of the Supreme Court-mandated Committee of Administrators of the BCCI. Rai is a Distinguished Visiting Research Fellow at the Institute of South Asian Studies, in the National University of Singapore. He is also on the Global Board of Trustees of the International Financial Reporting Standards Foundation, London. He has authored Not Just An Accountant, and co-edited Seven Decades of Independent India. Rai was awarded the Padma Bhushan in 2016, in recognition of his services to the nation.
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