Financial Express recently did a special feature about 20 interesting people in India's economic reforms. In that, I wrote this profile of Vijay Kelkar.Vijay Kelkar's is a fascinating story in Indian public policy. Hestarted out as an economics Ph.D. and turned himself into a consummatepolicymaker. While he did many interesting things in the field of oiland gas, and as executive director of the IMF, I worked with him inhis fiscal phase.This involved carrying forward the tax reform agenda of the 1990s,translating the intent of the FRBM Act into...
Monday, 29 August 2011
Saturday, 27 August 2011
The US sells chopsticks to China
Posted on 07:39 by Unknown
by James Hanson.We generally think that the United States exports the operatingsystems that power the iphone, the ipad, the kindle, and Android; inreturn China exports mens underwear. This is roughly consistent withour notions of comparative advantage: the US has an abundant pool ofthe top end human capital of the world, while China has an abundantpool of low-skill labour. Each is better off from this trade.It, then, comes as a surprise when the Economist reportsthat the US exportschopsticks to China:Enter Georgia Chopsticks. Jae Lee, a former...
Saturday, 20 August 2011
Interesting readings
Posted on 22:29 by Unknown
The Anna Hazare silliness is depressing. Writing in the Indian Express, Shekhar Gupta has an interesting angle on why there is so much interest in this snake oil.India's $2 trillion economy means we have to reform faster by R. Jagannathan on FirstPost.Meera Subramanian has a beautiful story about how Diclofenac, fed to cows, is killing off India's vultures. We're down from 50M vultures to 60k. The consequences are bigger than we think.Former Sebi member Abraham?s claims under CVC lens by Appu Esthose Suresh in Mint.China's...
Monday, 8 August 2011
Household financial choice of the hapless households of India
Posted on 09:26 by Unknown
In February 2010, I had the opportunity to a href="http://www.ifmr.co.in/blog/2010/02/09/professor-ajay-shah-on-financial-distribution/">visit Pudhuaaru KGFS in Thanjavur. This is a remarkable project which helps us see the interface between households and the financial system in a wholly new light./aWhat a difference 17 months makes! On that visit, I had found alittle tenuous Reliance CDMA cover at one place in Thanjavur city. Onthis visit, I found 3g or Edge cover in many remote places. On thatvisit, the ride from the airport at Tiruchirapalli...
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