ID :
211572
Thu, 10/06/2011 - 13:45
Auther :
Shortlink :
https://www.oananews.org//node/211572
The shortlink copeid
India-US should sign BIT to fight corruption in India
Washington, Oct 6 (PTI) A bilateral investment treaty
(BIT) between India and the US can prove to be a milestone in
India's fight against corruption, two American experts have
said.
"India is wrestling with how to deal a decisive blow
against corruption. The answer is plain: Deal a decisive blow
against state interference in the economy. To help, the US
should offer a proposal for a bilateral investment treaty
(BIT) that liberalizes Indian investment. This would sharply
reduce the incentives for corruption," wrote James M Roberts
and Derek Scissors.
While Roberts is Research Fellow for Economic Freedom and
Growth in the Center for International Trade and Economics,
Derek Scissors, is Research Fellow in Asia Economic Policy in
the Asian Studies Center, at The Heritage Foundation.
"It also might serve as political cover for future Indian
governments that want to make the difficult choices needed to
defeat corruption in its many forms," the experts said.
Roberts and Scissors said in some incidents of
corruption, the Indian government's guilt is directly
apparent.
"The Commonwealth Games, for example, were plagued by
lack of competition in contract awards. In other cases, the
harm comes to the state, not the people, which should not be
defined as corruption or any sort of problem in the first
place," they said. PTI LKJ
MNS
(BIT) between India and the US can prove to be a milestone in
India's fight against corruption, two American experts have
said.
"India is wrestling with how to deal a decisive blow
against corruption. The answer is plain: Deal a decisive blow
against state interference in the economy. To help, the US
should offer a proposal for a bilateral investment treaty
(BIT) that liberalizes Indian investment. This would sharply
reduce the incentives for corruption," wrote James M Roberts
and Derek Scissors.
While Roberts is Research Fellow for Economic Freedom and
Growth in the Center for International Trade and Economics,
Derek Scissors, is Research Fellow in Asia Economic Policy in
the Asian Studies Center, at The Heritage Foundation.
"It also might serve as political cover for future Indian
governments that want to make the difficult choices needed to
defeat corruption in its many forms," the experts said.
Roberts and Scissors said in some incidents of
corruption, the Indian government's guilt is directly
apparent.
"The Commonwealth Games, for example, were plagued by
lack of competition in contract awards. In other cases, the
harm comes to the state, not the people, which should not be
defined as corruption or any sort of problem in the first
place," they said. PTI LKJ
MNS