Barely had I blogged on the the observations of Prof. Bhagwati on whether the US was right to call for China to revalue the exchange rate here and on the opinion of Prof. Arvind Subramanian on this matter, came an interesting report from the Research folks at Standard Chartered Bank (I am not in a [...]
Professor Jagdish Bhagwati is now blogging. It is good news. Even better news is that he seems regular with his comments. They are not sporadic. With Professor Bhagwati, one cannot offer the excuse that one did not understand where he stood and what he stood for.
His latest comment is on China-bashing on exchange rate. Suffice [...]
Between March 2nd and 3rd, FT wrote many pieces painting India in a distinctively positive shade. The highlight was the piece by Martin Wolf. He wants Britain to give up its security council seat to India. Fat chance but a good recommendation, I would say.
David Pilling concludes his piece with the comment that India does [...]
Prof. AS deserves our praise for writing a good piece that kills many birds with one stone. It is a good advice to the US. It does showcase the good things India is doing. It has a lovely dig at the way Indians win tenure in American universities – by digging up dirt on India. [...]
Called up Niranjan, editor of MINT and good friend, last afternoon to ask him whether he had seen any recent studies on India’s growth sensitivity to global growth. I remain concerned that India’s nominal GDP growth assumptions for 2010-11 up to 2012-13 – used in the budget – do not leave any room for disappointments.
He [...]
I shall start with mine. You can find it here. India’s Finance Minister presented the fiscal budget for 2010-11 on Friday, February 26th. He promised a vision document. It did not quite amount to that, to put it mildly. Given what had happened in Greece and given the fact that this was no ‘election year’ [...]
I used to wonder the point of this document and I increasingly do so. There is no connection whatsoever between what the survey says and what the goverment does the next day. It has never been the case. It is just the wish-list of the economist (Kaushik Basu, now) in charge of preparing it. Also, [...]
Swaminathan Aiyar’s piece on 15th Feb. on the budget speech that the Finance Minister would not make is an oustanding one. How one dearly hopes that the FM would make such a speech. That would make India the beacon of sound public policy and development for the entire world. Well, if wishes were horses…
The second [...]
In the ‘India Today’ issue dated Feb. 8, 2010, there are two different articles with two common themes: one common theme is Gujarat and the other common theme is that of checkdams that Gujarat has pursued relentlessly. The first one about the second Green Revolution in Gujarat is a box-item in the cover story discussing [...]
It was a special morning on Thursday, Feb. 11th, 2010. I received two very important and wonderful emails from Madhu Kishwar, the founder-editor of ‘Manushi’, the magazine, the Trustee of ‘Manushi Sangathan’, social activist, occasional Op-ed writer and many other things.
Since I received them as a member of the ‘Manushi’ e-group, it is not that [...]
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