Anyone witnessing the presentation of the Union Budget would have noticed how much of an industry-related exercise it is. The government bends over backwards in pleasing corporations. Businessmen flood TV channels, trying to outdo each other in fawning over the finance minister and the prime minister.

Since reforms began, India’s growth story has been scripted as some kind of matinee show with TRP-driving budget telecasts ensuring that people continue buying tickets.   Arun Maira’s is one of the few voices that seeks an overhaul. Having spent a career in the corporate sector, he believes that the reason for inequality is the stranglehold that corporations have over society. The limited liability company, he says, needs to be redesigned so that it serves society and not merely investors and shareholders.