The Financial Sector Legislative Reforms Commission (FSLRC) is rethinking the legislative foundations of the Indian financial system. FSLRC was setup by a notification on 24 March 2011 and asked to submit its findings on 24 March 2013. FSLRC constitutes the first time in Indian history that a large-scale re-examination of multiple laws in a sector is being undertaken.FSLRC has released a compact approach paper showing preliminary findings about the strategy that will be adopted. The release of this report is part of the consultative ...
Sunday, 30 September 2012
Saturday, 22 September 2012
That computing has become immensely more powerful in recent decades veers on the cliche. I recently got a few reminders of precisely how much distance we have moved.Cory Doctorow tells us that the computation that goes into one google query is roughly the same as all the computing done for the entire Apollo program.Jay Goldberg is astonished to discover pretty powerful no-name tablets now go for $45. One can see whole new...
Friday, 21 September 2012
National Seminar on Financial Law & Policy: AnInter-disciplinary Approach (December 1, 2012) Organised byNational Institute of Public Finance and Policy, New Delhi incollaboration with National Law University, Delhi The National Institute of PublicFinance and Policy (NIPFP), New Delhi invites papers for anational-level seminar titled "Financial Law & Policy: AnInter-disciplinary Approach" to be held at the National Law University, Delhi(NLU Delhi) on December 1, 2012. BackgroundThe financial sector in India is currently governed by more...
Sunday, 9 September 2012
Rajdeep Sardesai on the problems of law and order in Bombay. Nothing is more important in the priorities of the State than the police and the courts.In recent weeks, we're seeing fresh attention on the flaws of the HR processes of government. Shashi Tharoor in the Indian Express on the IFS, and Sundeep Khanna in Mint.Trampling on the individual in India: - Sending cartoonist Aseem Trivedi to jail is ridiculous. - Vijaita Singh in the Indian Express about the government interfering in grants to think tanks, followed by an editorial...
Saturday, 8 September 2012
Google made two important announcements:The database underlying google maps is now of the quality required to support turn-by-turn navigation. Every smart phone or tablet that can use google maps just became a GPS device that is capable of giving you turn-by-turn navigation including giving you instructions in audio.In six cities, they now have realtime traffic data available as an overlay on google maps. You can look at the map and it will show you what segments of what roads are congested.This will, I assume, enable cool things within applications...
Friday, 7 September 2012
India's problem of crony capitalismThe rise of modern capitalism in India in the 1990s was at firstviewed in optimistic terms. A new breed of companies were born, whoseemed to exhibit a new kind of competence, internationalcompetitiveness and high ethical standards. We could start putting ourold mistrust of corrupt business houses behind us.These hopes were substantially dashed by the fresh emergence ofcrony capitalism. Doing business in many areas in India involves anextensive interface with the government. In these areas, theweaknesses of the...
Saturday, 1 September 2012
Carlos Vegh and Guillermo Vuletin have an article Overcoming the fear of free falling: Monetary policy graduation in emerging markets, in `The role of Central Banks in financial stability: How has it changed?', Federal Reserve Bank of Chicago, 2012. They have drawn on this to write a column on voxEU titled Graduation from monetary policy procyclicality.In an ideal world, monetary policy should stabilise business cycle conditions. When times are good,...
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