The failure of India's public institutions to keep pace with the dramatic political, economic and social transformations under way has led to severe gaps in governance. The end result of this disjuncture has been a proliferation of grand corruption - a malaise made up of a diverse array of regulatory, extractive, and political rent-seeking activities. Milan Vaishnav
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A "failure of public institutions" can be defined as a breakdown in the functioning of public institutions. This failure can be the result of corruption or abuse of power. It is often seen in cases where public officials receive bribes or kickbacks for giving out favors such as grants and licenses. It is also seen in cases where political leaders use their positions to reward friends and family members with contracts, jobs or other benefits.

Source: When Crime Pays: Money And Muscle In Indian Politics

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More Quotes By Milan Vaishnav
  1. We have to speak the truth always, at any cost, and no matter what.
  2. We must experience the Truth in a direct, practical and real way; this is only possible in the stillness and silence of the mind, and this is achieved by means of meditation.
  3. Whoever submits himself to a super-discipline can expect great triumphs.
  4. We need something that encourages us to work, we need an intimate aid. This is only possible through meditation.
  5. Three marital bonds exist: Karmic, Dharmic and Cosmic. The first are of pain, misery, hunger, nakedness, disgrace. The second are of success, bliss, love, financial progress, etc. The third are only for the select, pure and holy souls and bring inexhaustible happiness.
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