So the government has done it again. After managing to procure only about 11 million tons out of the targeted 15 million tons from our farmers, the government has gone ahead and imported about half a million tons from the international market at a much higher price. A process which, in its entirety, ends up [...]
Sramana Mitra, entrepreneur and consultant sent us this thoughtful piece
Enterpreneurship is a critical element of a growth economy, and India is poised to unlock a Silicon Valley like entrepreneurial boom through the next 10 years. The beginnings are already in place, steps have been taken in the right direction.
I have written extensively on the topic [...]
Some interesting commentary in the papers this week:
Anantha Nageswaran’s opening salvo, in the newly launched Mint:
Central bankers in most of the developed world have taken that to heart in dealing with financial markets. Financial markets, in theory, have more participants than those engaged in the economic marketplace. Hence, the outcomes of their buying and selling [...]
Back in the late 1990s, economists were trying to figure out what it was that led to the secular acceleration of economic growth in the United States: the longest and largest peace-time economic expansion in the 20th century (see footnotes). How was it that a country could grow so much and for so long without causing inflation and [...]
How much of Dr Manmohan Singh’s talk on reforming agriculture will get translated into action?
Inaugurating the Second Agriculture Summit 2006 organised jointly by the Ministry of Agriculture and FICCI, the Prime Minister declared that the endeavour of his government would be to bridge each of the four deficit viz. the public investment and credit deficit, [...]
Farmers are killing themselves because the government has denied them economic freedom
But if the crisis is an opportunity to reform agriculture, will Prime Minister Manmohan Singh take it up?
Back soon folks.
Till then, links to some great reading
- Larry Summers’ speech at the Reserve Bank of India on 24 March, 2006
- Edward Leamer’s review of Thomas Friedman’s The World Is Flat
- Our friend, Joydeep Mukherji’s paper for the Center for the Advanced Study of India at U. Penn, titled Economic Growth [...]
There is an interesting article in the Financial Times today about a delay in the plans to launch the Asian Currency Unit (Acu). Not unsurprisingly the delays have been caused by “political and technical arguments over which currencies to include and how the weighting system would work” (this according, as they say, to ’sources’ [...]
On Monday, the benchmark Sensex index of the Bombay Stock Exchange breached the 10,000 mark for the first time since its launch in 1986. Time to say Irrational Exuberance?
I am sure a lot of you have an opinion on this, especially those of you who work in the capital markets. Comments are open.
Reader Raj Iyer sent us this article from the Economic Times titled How govt tries to dig out black money:
The government is examining the idea of issuing special bonds to mop up black money without offering any amnesty to the subscriber. The issue has been referred to the law ministry to ensure that such a [...]
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