Foundations for government borrowing; Judicial triage at the NCLT

The pandemic has reminded us of the need for greater institutional capacity in India for borrowing, at the level of the union government and state governments. I have a column in the Business Standard today, The strategic depth of being able to borrow, on the three elements of this institutional capacity.

Anjali Sharma and Bhargavi Zaveri had previously measured the extent to which the output of the NCLT had dropped in 2020. They now turn to the question: When the NCLT had lower capacity, how did they triage, what shaped their choices of the matters to hear when faced with reduced capacity? This is the article Judicial triage in the lockdown: evidence from India's largest commercial tribunal, on The Leap Blog on 14 October.