Indian businesses undermining capitalism ?

"Indian capital, rather than collectively fighting for rational regulation, spends its energies extracting its own form of rent from this misregulation. Industry uses inordinate resources in keeping its exemptions intact or manipulating rules to its advantage."

Read more:

 http://forbesindia.com/article/independence-special-2013/pratap-bhanu-mehta-when-business-bats-against-itself/35875/1

The Kerala Model Development

Something that should be read  http://telegraphindia.com/1110504/jsp/opinion/story_13928101.jsp
Harps on the idea that a plain GDP rate / big ticket investments are not the only option for growth

Handling of financial crisis in India

A fascinating article on politics,  key people involved and policy decisions on handling financial crisis in India

http://www.financialexpress.com/printer/news/683133/

Quants, Stats & Financial Crisis

  One of the most insightful & mathematically meaningful articles that I've read about the mortgage meltdown.. http://www.wired.com/techbiz/it/magazine/17-03/wp_quant?currentPage=all

Quoting Paul Wilmot from the article, 

    "The relationship between two assets can never be captured by a single scalar quantity," Wilmott says. For instance, consider the share prices of two sneaker manufacturers: When the market for sneakers is growing, both companies do well and the correlation between them is high. But when one company gets a lot of celebrity endorsements and starts stealing market share from the other, the stock prices diverge and the correlation between them turns negative. And when the nation morphs into a land of flip-flop-wearing couch potatoes, both companies decline and the correlation becomes positive again. It's impossible to sum up such a history in one correlation number, but CDOs were invariably sold on the premise that correlation was more of a constant than a variable." 

 --  Anybody who has read Taleb ( Fooled by randomness / The black swan )  too would find this article very much insightful . 

Central Banks - A Historical Perspective

http://www.prospect.org/cs/articles?article=republic_of_the_central_banker

- A must read article for anyone interested in macro-economics.. It examines how central banks bacame the de-facto guardians of economy..

Inflation Control in India

http://www.mayin.org/ajayshah/MEDIA/2008/how_to_control_inflation.html
- Ajay Shah explains the intricacies of inflation , pegged rupee, interest rates , RBI's role and how all these are interlinked.. Only very bare minimum economics knowledge required to understand this insightful article.

Kerala's development paradox

A great article about the realities of my home state , Kerala ==> http://www.indiatogether.org/2008/mar/opi-kerala.htm

Definitely worth a read :-)

Ajith

Rose as a social Tool

http://www.nytimes.com/2008/03/13/opinion/13cohen.html?_r=1&oref=slogin

Interesting article about how Roses ( Yeah the romantic roses ) play its part in job creation & sometimes exploitation ..

So the moral - Buy more roses, gift it to girls :-)

Ajith

Indian Agricultural System - An Insightful Article

From one of my favorite portals - Yale global, this article by Tarun Khanna talks about whats wrong with the Indian Agricultural System vis-a-vis China. Not much deep, but a relatively highly insightful article

US - SubPrime Crisis

For a layman's explanation to the recent sub-prime crisis in US, check http://the-finance-blog.blogspot.com/2007/09/us-sub-prime-crisis.html


Ajith