mandatory spending

Indian pedestrians watch as a digital broadcast presents the rolling share price information and national election results news coverage on the facade of the Bombay Stock Exchange (BSE) building in Mumbai on May 16, 2014.   India's stock market jumped more than six percent to a record high of 25,000 points as business-friendly opposition leader Narendra Modi looked set for a landslide victory in national elections.
 AFP PHOTO/ PUNIT PARANJPE        (Photo credit should read PUNIT PARANJPE/AFP/Getty Images)

India Inc.’s Day Care Experiment

India's new corporate social responsibility law may be well-intentioned, but it is poorly designed and fails to accomplish its central goals.

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