Interesting readings

• Credit Suisse has got a Permission to open One Branch in India. [also see]
• Some good news on IIP measurement in the offing. Also see this editorial in the Financial Express on this.
• Jessica Wallack in the Financial Express on the recent attempts at changing rules on education.
• Ashok Khemka in the Financial Express on subsidised petroleum products.
• Benchmark's exchange traded fund (ETF) on the Hang Seng index at NSE.
• Nirvikar Singh in Mint on the FSDC.
• In Mint, Manas Chakravarty has written about a paper by Ayyagari, Gopalan, Yerramilli about the stock market reaction to announcements of projects as seen in the CMIE Capex database.
• China is building a Monetary Policy Committee (report by Andrew Batson in the Wall Street Journal).
• Nelson D. Schwartz in the New York Times on speculators.
• Long Euro, says Martin Feldstein.
• In an article Why Do Jews Succeed?, Jerry Z. Muller says: much of success in a capitalist society is based on cultural and historical factors that produce qualities such as innovativeness, willingness to tolerate risk, and willingness to defer gratification through savings and education. It makes us think about the pockets of India which do best at fostering risk-taking, innovation, saving and education. I also wonder whether one more factor that helps success is discrimination. Condoleezza Rice (a black woman) has described her upbringing as one in which she had to be twice as good. This is, of course, not a sufficient condition, but under the right circumstances (e.g. Indians and Chinese in Malaysia) it can help.