One cool idea for improving the Indian police : video monitoring. We always knew that gender-segregation of society, as is practised in most of traditional India, is deeply damaging. Writing in the New York Times, Adam Grant shows new insights on why men need women. Are India's policy rates too low? by Niranjan Rajadhyaksha in Mint.Atul Gawande in the New Yorker at his best: he has deep insights into how new ideas diffuse. In India, with GDP doubling every decade, we need for new ideas to come into every ...
Tuesday, 23 July 2013
Sunday, 21 July 2013
High GDP growth has led to structural transformation, with dramatic change in the composition of the labour force. The latest data from the CMIE Consumer Pyramids database pertains to December 2012, and shows the following occupation structure of the Indian workforce:OccupationShare (Per cent)Small farmer13.39Organised farmer8.69Agricultural labourer8.70Industrial worker7.92White collar worker8.44Manager / supervisor0.53Support staff6.93Businessman7.91Small trader / Hawker3.32Self-employed professional4.92Home-based worker1.50Wage labourer27.75How...
Saturday, 20 July 2013
by Akhil Dua, Pinaki Mukherjee, Radhika Pandey, Ila Patnaik, Pramod Sinha, Ajay Shah.India's emergence as a market economy has been accompanied by the emergence of business cycle fluctuations that are similar to those seen in market economies [link, link]. In understanding business cycle conditions, and in crafting institutional arrangements for stabilisation, it is essential to properly measure output and prices.The problemIndia is in reasonably...
Thursday, 18 July 2013
An entry level game consoleA console with quirks, for tinkerers by David Pogue in the New York Times: a gaming computer which is a cube with a 3 inch side, at $100. It runs Android. It is an open design; you can hack the software and hardware.Raspberry PiThis is a complete computer for $35. You have to see it to believe it. Connect in an ordinary smartphone power supply, an Ethernet cable, a USB keyboard, a USB mouse and an HDMI screen, and you're up and running. It boots linux and runs a browser. [link] [link] [link]A bit more money and a lot...
Tuesday, 16 July 2013
by Suyash Rai.What is the Equity Risk Premium and why it mattersThe basic intuition in investing is that over and above the time value of money, the return on an investment must compensate for the risk it adds to the portfolio of an investor. In the Capital Asset Pricing Model (CAPM), this rate of return can be computed based on two variables: the risk premium of the market on the whole (ERP), and the sensitivity of an asset to the market (Beta). The asset must generate returns equaling the time value of money (a.k.a. the risk free rate) plus...
Thursday, 11 July 2013
Devesh Kapur in the Business Standard on the Right to X Act.Ashutosh Varshney has a great piece in the Indian Express analysing the possibilities for a BJP led by Narendra Modi. Also read Poornima Joshi in Caravan magazine.Laurie Garrett and Maxine Builder in Foreign Policy about preparations that Indian authorities need to undertake associated with the Haj this year.The first universities in India that shed their xenophobia will break away from the pack.Milan Vaishnav on the extent to which voters in India know and...
Wednesday, 10 July 2013
I have a column in the Economic Times today titled The attack on the market for the rupee is a mistake.You may like to also see:Ila Patnaik in the Indian Express yesterday on macroeconomic fundamentals.Do not mourn rupee fluctuations, 11 June.An editorial in the Indian Express today.Shankar Acharya in the Business Standa...
Thursday, 4 July 2013
PHDCCI has organised a seminar on FSLRC tomorrow (5th July). This is at the PHDCCI Auditorium, from 9:15 AM to 1:15 PM. The persons on the program are:Rajiv Bajaj, Co-Chairman, PHDCCI Capital Markets CommitteeAshish Chauhan, CEO, BSEPrithvi Haldea, Chairman, PHDCCI Capital Markets CommitteeSharad Jaipuria, Sr. Vice President, PHDCCISuman Jyoti Khaitan, President, PHDCCIK. P. Krishnan, Government of KarnatakaArvind Mayaram, Secretary, DEA, Ministry of FinanceIla Patnaik, NIPFPSuyash Rai, NIPFPShubho Roy, NIPFPShashank Saksena, Director, DFS, Ministry...
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