AjayShah

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Saturday, 20 February 2010

The Right to Education Act

Posted on 08:05 by Unknown
Raghuram Rajan and Abhijit Banerjee in Indian Express on the flaws in the Right to Education Act.
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Posted in education (elementary) | No comments

Friday, 19 February 2010

Illiberal India

Posted on 07:53 by Unknown

Did you know that when someone wants to visit India to attend a conference, the person has to:



obtain Conference Visa from the Indian Mission concerned on production of either the invitation letter from the organiser, event clearance from the Ministry of Home Affairs, administrative approval of the nodal ministry, political clearance from the Ministry of External Affairs or clearance from the State Government/UT concerned.


Or am I mis-reading this, and all that's required is an invitation letter from the organiser?

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Posted in democracy | No comments

Tuesday, 16 February 2010

Implications of ETF on the Hang Seng index that's traded in India

Posted on 20:21 by Unknown
I have a column in Financial Express today on this subject.
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Posted in capital controls, China, finance (innovation), financial firms, international financial centre, trade | No comments

Sunday, 14 February 2010

Talk at R/Rmetrics Singapore Conference 2010 on measurement of the exchange rate regime

Posted on 21:32 by Unknown
Anmol Sethy will do a talk on our work on testing, dating and monitoring exchange rate regimes at the R/Rmetrics Singapore Conference 2010, including some recent progress on parallel computation. For background, see this paper, which talks about the ideas, and the open source R package fxregime. This is now fairly mature work: many of the papers at the NIPFP DEA Program website have utilised the ideas and code. The 6th meeting of the NIPFP-DEA Research Program (9 and 10 March) is going to have interesting new work in this field.
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Posted in announcements, currency regime | No comments

Saturday, 13 February 2010

Come work for us

Posted on 01:15 by Unknown
Come work for the NIPFP-DEA Research Program:



We are looking for people with a Masters or a Ph.D. with an economics / econometrics / statistics background with an interest in the fields visible in the above URL. Computer programming skills, ideally in R or matlab, are desirable.



Please send your resume to Anurodh Sharma : anurodh54 at gmail dot com.
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Posted in announcements | No comments

Monday, 8 February 2010

Interesting readings

Posted on 11:11 by Unknown

  • Read this interview in the Times of India with Steve Coll, and this Congressional testimony of his. If you haven't yet read Ghost Wars, you should.

  • Vijay Kelkar's recent speech on privatisation.

  • The comments on this blog post are worth reading.

  • Sanjeev Sanyal, in Business Standard, summarises our public policy problem: we need to build a strong (i.e. capable) State with a limited mission.

  • Joe Leahy, in the Financial Times, has an article titled India: A nation develops about global quality R&D taking place in India. I'm pleased that researchers are being paid salaries large enough to make it easy to relocate to India. Also see David Brooks in the New York Times on Israel's achievements in this.

  • Tamal Bandyopadhyay in Mint on the woes of foreign banks in India.

  • Pratip Kar in Business Standard on competition between stock exchanges in India.

  • Parth Shah debates Vinod Raina in the Business Standard on private schools.

  • Nitin Pai has a response to Barbara Crossette's diatribe.

  • Vikas Bajaj in the New York Times on the literature festival in Jaipur. How civilised. I have long felt that a genuine life of the mind in India is 25 years or more into the future. Maybe that's being too pessimistic.

  • Olivier Coibion and Yuriy Gorodnichenko remind us that we are in the Great Moderation.

  • Shai Bernstein, Josh Lerner, Morten Sorensen and Per Stroemberg have an NBER working paper titled Private Equity and Industry Performance . They find that industries where PE funds have invested in the past five years have grown more quickly in productivity and employment.

  • Michael Slackman in the New York Times, taking stock of Dubai.

  • One of the best blogs that I know of, from India, is `Wanderer's Eye', by Aniruddha Dhamorikar. E.g. see his latest post, on a mother wasp. Also see: a great collection of pictures on India.

  • In the Hall of Shame of the 25 dirtiest cities of the world, by Forbes magazine, Bombay is at rank 7 and Delhi is at rank 24.

  • Watch me talk about the recent RBI credit policy announcement -- part 1, part 2.

  • Raghuram Rajan has a careful response to the Obama's proposals, which illuminates my recent writings on this.

  • Scott McNealy has a beautiful goodbye note to Sun.


  • Chris Anderson has an amazing story in Wired magazine about the new world of `small batch' manufacturing.

  • Miles Corwin has an inspiring story for everyone who wants to be a writer or a journalist. And, for anyone engaged in deep thinking about the media, do not miss this lecture by Alan Rusbridger.

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Posted in | No comments

Sunday, 7 February 2010

What could go wrong if petroleum product prices are decontrolled?

Posted on 19:04 by Unknown
I have an article in Financial Express on this today.
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Posted in energy, inflation, monetary policy, publicfinance.expenditure.transfers, socialism, volatility | No comments
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