ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by Ram SinghSubscribe to Ram Singh

A High-handed Approach to National Highways

The B K Chaturvedi Committee, set up to recommend ways to expedite the National Highways Development Project, seems to have been guided by the misconception that infrastructure can be built by simply doling out additional concessions to the investors. The new rules make inadequate capacity highly rewarding for investors, and offer the entire viability gap-funding grant during the construction phase itself. The question, however, is whether these concessions are necessary and justifiable, given the huge costs they impose on the road user and the taxpayer at large.

Economics of Judicial Decision-Making in Indian Tort Law

Indian courts have applied those rules that have been shown to be efficient in the economic analysis of liability rules. But, as a matter of practice, these rules as applied by Indian courts lead to various kinds of uncertainties regarding the compensation awards. Such uncertainties not only defeat the stated objective of the law of torts, but also cause economic inefficiency. Uncertainties, among other things, result in avoidable wastage of resources, since they induce more litigation by reducing the chances of out-of-court settlement. Many of these uncertainties can be reduced significantly, if courts make use of the relevant tools and techniques developed in the field of economics and statistics.


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