LEPC 4: Capsule Two

“Justice Delivery: New Frontiers”

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*If you still wish to attend, kindly reach us at [email protected]


Founded in the wake of the financial crisis in 2009, the Institute for New Economic Thinking (INET) is a nonpartisan, nonprofit organization based in New York City devoted to developing and sharing the ideas that can repair the broken economy and create a more equal, prosperous, and just society. INET is dedicated to the rigorous pursuit of innovative economic theories and methods that address society’s most pressing concerns in the following areas: The relationship between finance and the broader economy; Inequality and distribution; The economics of innovation; Environment and resource sustainability.

To meet current and future challenges, INET conducts and commissions research, convenes forums for exchanging ideas, develops curricula, and nurtures a global community of young scholars.

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The Law, Economics & Policy Conference (LEPC) aims to bring together legal, economic and public policy thinkers to consider a variety of real world issues in a holistic manner.

This year, LEPC 4 is a new age virtual series of research papers and interactive discussions. Each capsule within the series will focus on new research involving current and pressing issues facing the region.

Organized by the Institute for New Economic Thinking, the previous three LEPC conferences: LEPC 1 (2016), LEPC 2 (2017) and LEPC 3 (2018) were in partnership with the National Institute of Public Finance and Policy (NIPFP) and were held over two full days in New Delhi. The conference attracted a small but selective group of academics, lawyers, policy makers, business leaders and influencers.

Solutions to normative questions and policy challenges are increasingly sought via interdisciplinary approaches across law, economics, and public policy. As such, LEPC has endeavored over the years to provide a platform where many different voices deliberate on a single issue in an effort to inform policy.


History of the LEPC


to know more about LEPC 2016

(download link for 2016 pdf)


to know more about LEPC 2017

(download link for 2017 pdf)


to know more about LEPC 2018

(download link for 2018 pdf)

LEPC 4 - Capsule One


to know more about Overview

(download link for pdf)

The Panel

to know more about The panel

(download link for pdf)


to know more about Agenda

(download link for pdf)

LEPC 4.2

The second conference of this virtual multi-capsule
conference series will focus on:
“Justice Delivery: New Frontiers”


Thursday, August 12, 2021

Meet & Greet:

6:00 pm – 6:30 pm IST

8:30 am – 9:00 am EDT

1:30 pm – 2:00 pm BST


6:30 pm – 7:30 pm IST

9:00 am – 10:00 am EDT

2:00 pm – 3:00 pm BST

Read more about our topic of discussion here:


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Born on 29/12/1959, Dr. Krishnan was educated in Economics at St. Stephens College and Law at the Campus Law Centre University of Delhi & obtained his Ph.D in Economics from IIM Bangalore. He joined the IAS in 1983.

He served as a Secretary Ministry of Skill Development and Entrepreneurship Government of India (GoI) for three years before his superannuation on 31/12/2019. Prior to that he served in various positions in Government of Karnataka (GoK), GoI and the World Bank primarily in the areas of Economic and Macro Policy (Ministry of Finance, Prime Minister’s Economic Advisory Council) and Rural & Urban Development. He has authored a number of reports and published many academic papers. In the year 2012, Dr.Krishnan held the BoK Visiting Professorship in Regulation in the University of Pennsylvania Law School. On 28/12/2017, Dr.Krishnan was conferred with the Distinguished Alumni Award of IIM Bangalore. He currently serves on the boards of a few not for profit foundations as well as for profit corporate entities.

Ajay Shah studied at IIT, Bombay and USC, Los Angeles. He has held positions at Centre for Monitoring Indian Economy (CMIE), Indira Gandhi Institute for Development Research (IGIDR), Department of Economic Affairs at the Ministry of Finance and National Institute for Public Finance and Policy (NIPFP). His research is at the intersection of economics, law and public administration. His second book, co-authored with Vijay Kelkar, “In Service of the Republic: The Art and Science of Economic Policy”, featured in Bloomberg’s global “2020 Best Books on Business and Leadership”. His work can be accessed on his home page (http://www.mayin.org/ajayshah) and on the blog that he edits, (http://blog.theleapjournal.org).

Somasekhar Sundaresan is a counsel practising in litigation in the field of economic and administrative law – primarily involving financial sector regulation, competition law, foreign exchange controls, and corporate laws.

As a member of committees set up by the Government of India, SEBI, and the RBI, Somasekhar has drafted laws governing takeovers, insider trading, and corporate governance of banks. He was actively involved in drafting the Indian Financial Code recommended by the Financial Sector Legislative Reform Commission chaired by Justice B.B. Srikrishna. He sits on the Advisory Committee on corporate insolvency and liquidation of the Insolvency and Bankruptcy Board of India.

Somasekhar writes a fortnightly column titled Without Contempt in the Business Standard, teaches securities law in the Government Law College, and is an amateur mountaineer.

Dr. Ila Patnaik serves as a professor at the National Institute of Public Finance and Policy, New Delhi. Prior to this, she was the Principal Economic Advisor to the Government of India. Other former positions include Non-Resident Senior Associate at Carnegie Endowment for International Peace, and regular columnist at the Indian Express. She holds a BA (Economics) from Delhi University, an MA (Economics) from Jawaharlal Nehru University, and a Ph.D.(Economics) from the University of Surrey. Her research interests include international macroeconomics, finance and emerging economy business cycles. Her research on these topics has been published in scholarly journals such as the Journal of International Money and Finance, the World Bank Economic Review, International Finance, and in collected volumes.

Dr. Patnaik served on various working groups and task forces of the Ministry of Finance, such as those on taxation of financial products, and those to create agencies, including the independent Public Debt Management Agency, the Resolution Corporation, the Financial Redress Agency and the Financial Data Management Centre.

Sunanda Nair-Bidkar began her career twenty seven years ago as an Attorney in the Supreme Court of India, attached to the chambers of K.K. Venugopal, the current Attorney General of India. She has been an in–house corporate counsel for the Essar Group, an associate with a boutique international corporate law firm in New York City, and an intern with the United Nations Agency, the World Intellectual Property Organization (WIPO) in its New York office. Besides advising on corporate law and intellectual property law, her focus has been in International Strategy and Development, especially structuring and facilitating entry into new markets.

In 2011, Sunanda founded Indus Interface LLC, an international strategic consulting firm based in the United States, of which she remains the managing director. Sunanda currently consults as the Director of Strategic Planning, South Asia for the Institute for New Economic Thinking (INET) in New York City. A passionate advocate on education and gender justice, she has served and currently serves on various boards in the United States. Sunanda earned a Bachelor of Arts degree in History with Honors from the Hindu College, University of Delhi, a Bachelor of Laws degree from India’s University of Delhi School of Law and a Master of Laws degree from Columbia Law School in New York.