Tuesday, September 28, 2010

Derivatives in democracy

Derivatives in finance are well entrenched in India but the democracy in the country is yet to experiment with more deepening options like proportional representation and its many variants like the list system. Rajya Sabha can very well be constituted by this system based on the results of the Assembly elections held from time to time. Moreover, smaller groups have a chance of putting their representatives in the legislatures through this system bypassing the majoritarian hurdle. [TNM]

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