Mobis
Philipose
in Mint, Sunil
Jain in the Financial Express:
on the
SEBI order (by Prashant Saran) on the Tayals. Also
see coverage
on firstpost.
The great debate about Pranab Mukherjee as President of India: read
in the Hindu Business Line;
Malhotra in the Indian Express.
Robinson in the Business Standard on strengthening the
rule-making process, i.e. the legal process for subordinate
legislation, in India.
next generation of reforms in India, a speech by Raghuram Rajan.
I just
read Carnage
and culture, by Victor Davis Hanson, and I recommend that
everyone who thinks about India and international relations and
military power should read it too.
As I
read Karim
Sadjadpour in Foreign Policy on prudishness in Iran, it
made me think
about Where
boys and girls don't talk to each other in the Hindu.
M. Sahoo
on SEBI's recent moves on opening up to conflicts of interest in exchanges.
me talk about the current macroeconomic situation.
me talk on CNBC-TV18 on the day after RBI's surprising 50 bps
rate cut.
I got many questions about seasonal adjustment of the CPI-IW. At
our tracking
page, we have a technical note on the seasonal adjustment
procedure for each of the series. As an example, here
is the
technical note about seasonal adjustment of CPI-IW.
Financial regulation is particularly complex when the line between
the government and the private sector are blurred, when the State
contracts-out supervision to private parties, in the field of market
infrastructure such as exchanges, clearing houses, depositories,
credit rating agencies, etc. Credit rating agencies get paid by the
firms that they rate; exchanges get paid by the members that they
supervise.
Gavras has a good article in Finance and Development about
the problems faced in the field of credit rating, and potential
solutions.
Two new papers: A
corporate governance index for large listed companies in India, by
Jayati Sarkar, Subrata Sarkar and Kaustav Sen, and Do changes in
distance-to-default anticipate changes in the credit rating by
Nidhi Aggarwal, Manish Singh and Susan Thomas.
The Cabinet has
a Microfinance Institutions (Development and Regulation)
Bill. The version of the draft Bill that has got greenlighted is
not out in public domain. I hope the present version has fixed up
the
flaws visible in the previous publicly visible draft Bill.
A
great review by Timothy Snyder, of
The
Spanish Holocaust: Inquisition and Extermination in
Twentieth-Century Spain by Paul Preston, in the New
Republic.
John
Pollock has a great story about Libya in Technology
Review, which helps us to think about China's future in new ways.
Everyone interested in the world economy should
read The
true lessons of the recession: The West can't borrow and spend its
way to recovery by Raghuram Rajan, in the Foregn
Affairs.
Reviewing
less -- progressing more, a great editorial in the RFS
by Matthew Spiegel that gives us an insight into what is going
wrong in academic refereeing.
One last
thing: Scales.
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