Interesting readings

• Jayanth Varma on what the Financial Stability and Development Council (FSDC) should emphasise.


• An editorial in Indian Express on inflation targeting for RBI.


• Ashish Rukhaiyar in the Business Standard on the footprint of Nifty.


• Akshay Bhawani Singh in the Business Standard on the difficulties that afflict India's attempt at opening up the business of container trains to the private sector.


• S. Subramanian on the controversy about the Indus script.


• Arun Venugopal in the Wall Street Journal on Bollywood movies about Islamic terrorists.


• Amit Agarwal on Delhi Metro in Google Maps.


• Asli Demirguc-Kunt on thinking about financial policy after the crisis. Also see Are all the sacred cows dead? Implications of the financial crisis for macro- and financial policies by her and Luis Serven.


• Currency spat reveals a nervous Chinese autocracy by Sebastian Mallaby in the Washington Post.
  China's problem of shifting away from the present monetary policy framework and institutional arrangements is actually not that different from what India faces. While India looks good today in having got to significant exchange rate flexibility, they have done better on building the PBoC in terms of clarity of mandate, conflicts of interest and staff quality.


• Vladimir Sorokin in the New York Times on how Led Zeppelin II turned him into a dissident in the Soviet Union.


• A note of caution for anyone who wants to do economic policy.


• A great opportunity for bright young people in India with an interest in computer technology.