India needs a modern finance ministry equipped to meet macroeconomic challenges by Shaji Vikraman in the Economic Times. Editorials in Mint, Wall Street Journal.A Reuters story about fat policemen in Pakistan makes me think about similar questions in India. A dataset of the BMI of policemen would be an interesting one.T. N. Ninan looks back at the dark days of 1975, and the lethality of bad laws and bad law-making. [Also see my writing on this from 2007; but I'm not that optimistic today].Manas Chakravarty,...
Saturday, 30 June 2012
by ahref="http://ajayshahblog.blogspot.in/2012/06/author-percy-mistry.html">PercyS. Mistry, in the Financial Express./aA fortnight's visit to China in April, to understand better the progress it has made with public and corporate governance, was startling in its revelations. Having been to China years earlier, to advise the State Commission on Reform of the Economic System (Ti-Gai-Wei) in 1988-1994, it was amazing to realise in retrospect that, over the last two decades, much of the advice given then, had actually been taken and applied.That...
The talent pool in Macro and Finance, 25 August 2013.A tale of two economies and two currencies, 1 July 2012.Guide to the Eurozone crisis, 17 November 2011Mumbai as an international financial centre, 1 February 2010 Responding to the global crisis, 8 March 2009 The image of India: Terrorised and tarnished, 24 December 2008 Brown and TARP: Are they perpetuating the mess we're in?, 25 November 2008 Does anyone have a post-recession exit strategy, 27 November 2008. `Ideas exchange' with Percy Mistry in IE & FE, 21 September 2008Global Turbulence:...
Tuesday, 26 June 2012
In 2006, I had written a blog post titled Why are elephants attacking people? On a related note is the problem of roads and other barriers interfering with the natural migration paths of elephants in the wild. In India, we are in a great phase of building infrastructure, but alongside this is a new level of distortion imposed upon the animals.Mark Thoma's blog just led me to fascinating pictures from Kenya about elephant-friendly underpasses....
Saturday, 23 June 2012
All of us are aware of India's inflation crisis. It is verydisappointing, how we lost our grip on stable 4-to-5 per centinflation which was prevailing earlier. From February 2006 onwards, in every single month, they-o-y CPI-IW inflation has exceeded the upper bound of 5 per cent.All of us agree that there is something insiduous when 10%inflation effectively steals 10% of the value of my wallet or fixedincome investments. In India, however, we often...
Tuesday, 19 June 2012
The technological opportunity in paymentsIn the old days, the field of payments was inextricablyinterlinked with banking. Money was only held in bank accounts; theonly way to move money around was through banks.Advances in computer technology coupled with financial innovationhave changed all this. Banks are no longer the only game in town forthe business of holding money. An array of innovators are now in thepayments game. A few interesting examples are: Paypal is a pure-play Internet company, which rides on top of bank accounts, and gives users...
Saturday, 16 June 2012
by Vimal Balasubramaniam and Ajay Shah.The rupee-dollar is the most important price of the Indianeconomy. It is discovered on the currency market. What are thecontours of this market? Specifically: How big is the daily trading in the rupee? Where does the rupee stand, in global rankings of currencies? Where does trading take place? Where are we on the onshore versus offshore distinction?How big is the daily trading in the rupee?Trading in the...
Wednesday, 13 June 2012
Anil Padmanabhan in the Mint on Indo-Pakistan relations.Jeff Glekin on Reuters Breakingviews about who could succeed Pranab Mukherjee as FM, and Kaveree Bamzai in the India Today about what could come next if he leaves. Who will be the President? This time, it matters by Satarupa Bhattacharjya of Reuters in Mint.The delicate technology of creating excellence by Pradip Ghosh in the Telegraph. Also see.Garima Jain in Tehelka magazine about guns in Punjab. It's remarkable how much our side of the...
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