4 min read.Updated: 22 Jun 2022, 10:20 PM ISTSujeet Kumar,Vedant Monger,Vikram Vennelakanti
Formalized impact assessments before and after any law is enacted or scheme rolled out may help deliver superior outcomes
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Afew weeks ago, Rahul Matthan’s ‘Ex Machina’ column in the Views section of this paper underscored the need to redesign the country’s pre-legislative consultation process. A key assumption in the piece was the genial nature of a government that could be expected to adhere to an ideal consultation process. However, as Milton Friedman put it, “The world runs on individuals pursuing their separate interests." This piece proposes a system of accountability in the law-making process itself that monitors the self-interested incentives of the government.