Autonomy for the CBI: Desirable but non-trivial

I wrote an article in the Economic Times today about autonomy for bodies such as the CBI. 

There are five areas where there is a role for autonomy. But this is a difficult puzzle in public administration and we should be wary of simplistic solutions. We know a bit about how to do autonomy correctly in three areas (monetary policy, financial regulation, infrastructure regulation). Comparable cogitation is required for the other two problems (criminal investigation, tax administration).