…to counter the rising rupee.
Professor Kaushik Basu of the Cornell University believes that the rise of the rupee against the dollar is inevitable in the mid-term. He also believes that the sudden collapse of the dollar is unlikely but there is not much that India can do to alter the current dynamics of exchange rates.
[...]
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We have been lamenting quite a bit about how Indian laws do not protect property rights. The reality has been worse than that. The Indian government does not even record property ownership properly. Unclear land titles have been the bane of India’s property market.
Now it turns out that a small step towards recording land titles [...]
In a series of seven short posts over at The Acorn I show how Tehelka juggled facts and figures in order to poke holes into the “Vibrant Gujarat” story. I’m posting the concluding piece of the series here, to summarise where we are at the end of our examination of Shivam Vij’s article.
There is no [...]
Tim Harford poses a question, perhaps we can answer it?
Just wanted to ask if there is an economic explanation for the fact that real estate in cities in third world countries like India is often more expensive than in cities in the US. (Except for New York,and a few cities in California.)
I did not have [...]
Lalita Aloor Amuthan, who blogs on entrepreneurship at Business World sent us this guest post:
I was at the New York aquarium last week, which was somewhat unusual, given that the only fish I like are the ones that come with chips. Even more unusual: I stood in line for thirty minutes to transform [...]
Amit Varma, occasional contributor to this blog, India’s foremost blogger and free market fundamentalist, has won the 2007 Bastiat prize in journalism. Most hearty congratulations on winning the golden candlestick!
Update (from Prashant): If you’re in the New York city area, SAJA is organizing a casual chilling session with Amit. Try to make [...]
Uttar Pradesh has fallen in line with the rest of India and implemented VAT. Subhomoy Bhattacharjee writes in the Indian Express on “the biggest success story of Indian public finance“.
Got this link from Tim Harfords blog, named, what else, The Undercover Economist.
This world bank funded site, aptly named Doing Business, is a guide for evaluating regulations that directly impact economic growth, underlying laws, making cross-country comparisons, and identifying good practice reforms.
The site has a lot of downloadable reports, interactive maps, ranking simulators [...]
Tajikistan, under the Russian influence, has repudiated the Indian proposal for an air base in the strategically important Central Asian republic. The Russians have pressed the Tajikis for this eviction to pressurise the Indians into favouring the Russians while signing the lucrative multi-billion dollar defence deals. The Russian insistence comes as no surprise as [...]
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