I wrote a column in the Financial Express today about the first signs of life in stock lending. This is one of the last building blocks of the ecosystem of the equity market.Also see: Mobis Philipose in Mint on 13 Septemb...
Thursday, 30 September 2010
Monday, 27 September 2010
Looking back at late 2008
Posted on 08:51 by Unknown
P. Vaidyanathan Iyer has a great first draft of history, in the new Sunday magazine that goes with the Indian Express, telling the story of what happened in India in late 2008.This was a difficult period with 6 shocks hitting us in a short time period: The Lehman failure, The crisis on the money market, Difficulties at some banks, Difficulties in some mutual fund schemes, The Bombay attacks, and finally The Satyam crisis.Things could have turned out much worse. The individuals at MoF, SEBI, and RBI really came together and delivered. As...
Thursday, 23 September 2010
SEBI order on MCX-SX
Posted on 07:22 by Unknown
One more top quality order by SEBI. Bhave's SEBI has really set new standards for the quality of orde...
Wednesday, 15 September 2010
Interesting readings
Posted on 06:47 by Unknown
South Asia's Geography of Conflict by Robert D. Kaplan.A big black eye for India's attempt at being a democracy. Also see Devangshu Datta in the Business Standard on this.Interesting survey evidence in the India Today about how voters are starting to see the UPA differently. Focus on the graph in there. And here is the main story by Ashok K. Damodaran.Nitin P. Shrivasatava, writing in DNA, says that we may finally have cracked a working mechanism to borrow shares in India. If this is the real thing,...
Saturday, 11 September 2010
Geniuses and economic development
Posted on 14:54 by Unknown
On VoxEU, there is a fascinating article titled a href="http://www.voxeu.org/index.php?q=node/5436">China and India: Those two big outliers by Jesus Felipe, Utsav Kumar and Arnelyn Abdon./aThe interesting fact that they highlight is that both India andChina are wise beyond their per capita GDP when it comes to thesophistication and diversification of their exports.The evidence that they show, on the change in exportdiversification, is quite striking: ChinaIndia 1962 105 71 2007 265 254 Change (times)...
Wednesday, 8 September 2010
Travails of the Indian B.Com.
Posted on 10:25 by Unknown
Just heard that at the business school at the University of Essex in the UK, Indian applicants for the M.B.A. program are turned away if their undergraduate degree in India is a B.C...
Thursday, 2 September 2010
The gang that can't shoot straight
Posted on 21:36 by Unknown
On the mistakes in the recent CSO data release, see P. Raghavan in the Indian Express.By the time 3G telephony came about, India was well into the telecom revolution. By December 2007, there were 190 3G networks in 40 countries and 154 HSDPA networks in 71 countries, but none in India. We're now finally getting on with it, and will probably be the last place in the world with 3G telephony.And there are the failures in organising the Commonwealth Games.It is enough to make a man worri...
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