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Thursday, June 14, 2012

Interesting readings

Anil Padmanabhan in the Mint on Indo-Pakistan relations.

Jeff Glekin on Reuters Breakingviews about who could succeed Pranab Mukherjee as FM, and Kaveree Bamzai in the India Today about what could come next if he leaves. Who will be the President? This time, it matters by Satarupa Bhattacharjya of Reuters in Mint.

The delicate technology of creating excellence by Pradip Ghosh in the Telegraph. Also see.

Garima Jain in Tehelka magazine about guns in Punjab. It's remarkable how much our side of the Punjab is like, when compared with the other side.

The Wanderer's Eye is a remarkable blog being written out of India by Aniruddha H. D..

On the problem of the hollowing out of the Indian financial system, read Shaji Vikraman and Ram Sahgal in the Economic Times.

Ravi Jagannathan on Firstpost, on the Sahara vs. SEBI case at the Supreme Court.

Dhiraj Nayyar in India Today on the woes of the Indian oligarchs.

Sajjid Chinoy in the Business Standard on what is going wrong with investment.

A. K. Bhattacharya in the Business Standard on how tax authorities in India have gone astray.

Dinesh Unnikrishnan in Mint about the unique problems of public sector banks.

Sean O'Hagan, writing the Guardian about Robert Capa and Gerda Taro, reminds us that we're stuck in a pastel coloured world.

Paul Krugman has a nice old article on comprehending comparative advantage: Ricardo's difficult idea. He ends with advice which could well be applied to all economic policy debates in India: (i) Take ignorance seriously; they actually do not know. (ii) Adopt the stance of rebel. (iii) Don't take simple things for granted. (iv) Justify modeling.

Jon Lackman in Wired magazine, on what is uber-cool in Paris today.


  1. One the issue of next FM, there are names of various technocrats like Raghuram Rajan and Montek Singh Ahluwalia bandied about. I hope the media raises these points:

    1) The FM is a political post. Someone who can create political consensus (like PVN Rao did) is far more valuable than a technocrat like MMS, Ahluwalia or Rajan. Someone who can explain to various constituencies and states, why FDI in retail, as long as it is implemented with our interests in mind, can be useful to all constituencies. As MMS' failings have shown, it is very important for cabinet ministers to have deep political capital. Unfortunately, the people with the most political capital in the UPA don't put their necks on the line by taking responsible posts in the government. That has to change.

    2) There have been many academics, policy experts and politicians who have derided the pressure of non-politicians like Anna on law-making. I would like them to clarify their stand, as to whether they are equally concerned with a non-politician becoming FM (and even PM as is the case now).

  2. It is an Irony that we have nominated a person for apex position of our country, who has been entrusted a highly responsible position (Finance Minister) and who failed to perform and take our country back atleast 10 years hence resulting in downgraded rating by international rating agencies, rupee depreciation by more than 20%, low economic growth, high inflation, unemployment, few known scams and multiple yet to be unearthed.

    In a sense, we are rewarding him for his abysmal poor performance by helping him take presidential position and once the same is done he will become immune to any action against him even if he is proved guilty for any of the scam.


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