Archive for the 'Economy' Category

Feeding the world, some grains of rice at a time

Switchblade has found this awesome website called Freerice which promises to donate 20 grains of rice for every vocabulary question you answer correctly.
All you have to do is guess a few synonyms, and for each correct answer you give, 10 grains of rice are donated through the United Nations World Food Program (WPF) to feed [...]

The free market shall fix everything

Patang on the blog by the same name disagrees. And in view of the recent hullaballoo about food prices and how more people eat more food, take a look at what he has to say:
Is money a store of value? Let me ask you - is a lakh of rupees a lot of money? Can [...]

Bush, India and global food prices

Ray Titus finds nothing wrong with what Bush said:
What the President was an economic fact. There was no ‘blame’, in fact his statement was a compliment to a country that is demanding better products and services for consumption. Judge for yourselves.
Arun checks reactions from across the world, including a news report from Arab News, which [...]

GM mosquitoes and ‘their’ policy making

Prasanth at ‘The Daily Pheesh’ expresses skepticism (informed) at the eradication of diseases through  GM (genetically modified) mosquitoes.
GM mosquitoes may be useful or harmful but one cannot deny that their introduction is nothing but a stopgap response to mistakes that were committed much earlier—failures in planning and managing cities, failures in taking health care to rural areas and [...]

Hang in there

Now it’s the turn of the publishing industry: how should freelance writers cope with an economic slowdown? Mridu Khullar offers some advice:
With economic problems gaining momentum worldwide, there’s a general air of gloom on most writing groups these days. It’s not as much a “we’re down and out”, as it is “hold tight, we’re going [...]

IT’s time to reflect

How will the slowdown in the U.S., affect India’s IT industry? Abhishek says it needs to ‘pause, reflect and realign strategies’:
Technically, it might not qualify as a recession, but according to Warren Buffet, “by common sense definition”, the U.S. economy already is in a recession.
A December, 2007 report on the Indian tech sector by Morgan [...]

Science, State, Market, Society, Caste, Gender…

Melkote attends a talk titled ‘Science, State, Market, Society and Ecology’ and thinks: ‘the problem with science and technology in India seems to be that their main focus is either the State or the Market’.
The market angle is even more apparent: our best minds working to solve problems which will make sharper videos, clearer sound, [...]

6th CPC: Private sector v/s public sector

Glowfriend is doing a series of posts on the Sixth Central Pay Commission Report. This post deals with public v/s private sector jobs.
The biggest advantage offered by a Government job is the job security attached to it and the assured retirement benefits. Commission has attempted to make the retirement benefits more attractive. It has [...]

A walk down the Red Corridor

Fire on the Mountain has been posting a series of in-depth interviews with revolutionaries from South Asia. The interviews, it appears, were conducted by the Norwegian Revolutionary Socialist party (Red!) for their party magazine. The first of the interviews, with G.N.Saibaba, Deputy Secretary of the Revolutionary Democratic Front (RDF), an All Indian Federation of [...]

Poverty is a political issue

Analysing a paper published in the Economic and Political Weekly, John Samuel suggests poverty isn’t just about incomes, it is also about identities :
The notion of impoverisation (or the process of the active creation of poverty with in society or economy) needs to be seen in the context of social, economic and political inequality. Such [...]

Now, the bill

Gaurav Shukla emphasizing the need to link salaries to performance, calculates the bill:
The pay hike will bring about massive strain on the exchequer. With the implementation of the fifth pay commission’s recommendations, the central government’s wage bill shot up by nearly 99 per cent. The present recommendations, when implemented, are expected to cause an additional [...]

‘Monkeys deserve peanuts’

Ajay Shah thinks the new pay commission report has made only ‘tiny progress’ in increasing the inequality in wage levels between junior and senior government workers:
How do I know so clearly that at junior levels, salaries in government are 2x to 3x too high? Some time after I left the Ministry of Finance, one day, [...]

Divine economics

Hirak discusses and more than agrees with an article from the The Economist, that goes on to show the advantages of being a “religious” person, economically speaking:
Atheism can be intellectually and scientifically more honest, but can lead to impoverishment and even alienation in other ways.
So, anybody planning to switch or argue?

Why is Modern India Vegetarian?

41.9% of adults belonging to the ST and 38.4 % belonging to SCs have Chronic Energy Deficiency, while the pooled average of the nation is 34.8 %. Further, 62.7 % of the children born to Scheduled Caste parents are under-weight, 57.6 % are stunted, while among the other castes it the numbers are 53.1 % [...]

Makkal Sakti

Noticed this interesting blog ‘Makkal Sakti‘ (which, I guess, means ‘People’s Power’ in Tamil) which focuses on issues facing Malaysian Indians. This post by  Joe Fernandez, a former newspaper editor, unveils one perspective on the recent unrest in Malaysia:
Does the fate of the Tamils in Malaysia hinge solely on the government? The Tamils are the [...]

Doing business in Rural India

Nitin Srivastava is doing a series of very informative posts on rural marketing titled ‘Perspectives on Retailing in India and Rural Marketing’. In the second post, he looks at some Emerging Trends from Rural India:
Employment: Non-farm activities in rural areas are witnessing a rise in entrepreneurship and employment, which are growing at a faster rate [...]

Where is the research?

Amol Agarwal asks elite Indian business schools and universities to showcase their research efforts too:
I still don’t understand this placement mania in the media. One can understand a weekly column to cover the issue but we see a regular full page dedicated to the events. It is sad that the only way these elite [...]

Greed is..greed

Bombay Addict draws some lessons from the latest stock market crash:
1. Believe no one. At times even yourself. If they tell you that stocks return more than bonds over the long term, ask them what they mean by long term. If they say 10 years, ask them if they’ve heard about a country called Japan. [...]

Why outsourcing is bad for India.

Anandanubhava on why he thinks that outsourcing is doing India more harm than good.
…this is a deadly, dangerous trend developing in India. Take for instance the incentives that Government gives to attract talent for its defense, military, space and other internal work. For a hugely qualified individual, this amounts to a fraction of what a [...]

In democracy, there is hope

Relating four stories of people he spoke to, Mishti believes there is hope for the country, if the NDA Government comes back to power.
For the sake of the aam aadmi, for the sake of the immigrant workers in Mumbai, for the sake of our highways, for the sake of our pride as Indians, for [...]

Ready to buy the new Tata Nano?

[ This is Essay # 23 in our Spotlight Series. Click here for the archives.]
Ready to buy the new Tata Nano?
————-
Sharique Ahmed
Tata Nano is, without even a shadow of doubt, the most eagerly awaited car in India. The attention it drew in the recently concluded Auto Expo 2008, was tremendous by any standard. I reached [...]

Why the Rs. 60,000 crore Waiver is not a Sop

Madhukar rubbishes the claims that the Rs. 60,000 crores waiver to the small and marginal farmers in the 2008 budget is an electoral “sop”:
The highlight of the India’s Annual Budget yesterday was the waiver of Rs.60,000crore ($15bn approx) debt to the small and marginal farmers.Some hailed this as “revolutionary”, while others criticised this as a [...]

‘When it hits somewhere near home…’

BVN muses on diversity, language, religion and politics:
…in Mumbai we are comfortably silent when the Shiv Sainiks take on the valentines or muslims or the touring Pakistan cricket team or M.F Hussein. They are like that, we know they are crazy. But when the Sena turns to North Indians, there is news value, and perceivable [...]

Budget 2008

Jagdish Madan in a pre-budget summing up of the economic and political situation in the country, looks at some crucial issues:
…rural employment plan, which guarantees 100 days of work for one person in every poor household, was the priority of the government. The plan was the government’s attempt to address some of the countryside’s biggest [...]

A Buffettology session

An exception worth making. This link has nothing to do with India and the blogger isn’t Indian either. But Warren Buffett has many admirers in India, from soon-to-be investors to market veterans. With the Sensex and Nifty now almost household names, it’s always good to get gyaan from the Oracle of Omaha.
Blogger Dang Le provides [...]




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