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Showing posts from January, 2017

As Urjit Patel Fumbles, RBI's Autonomy in a Bigger Jumble

The government's shadow over the Reserve Bank of India just got bigger. Appearing before the parliamentary standing committee yesterday, RBI governor Urjit Patel shied away from (or perhaps deliberately avoided?) answering most questions put forth to him. The most gaping hole in his responses? He did not know how much of the Rs 15.4 trillion of demonetised money has been returned to the banks. The banks are still counting, he says. Then, when asked when this number would be available to the public, he gave no definite answer. Now, it is no secret that demonetisation has been hugely disruptive for all of India. And that's what makes this figure so critical. In all the debate over demonetisation, this one number alone would indicate whether the entire exercise was a success...or a failure. It will show whether black money hoarders did indeed figure out how to get their stash back in the system with little or no costs. If the portion of 'black money' that was actually de...

Some beautiful answers and way of thinking of Turkish poet Jalaluddin Rumi,

Some beautiful answers and way of thinking of Turkish poet Jalaluddin Rumi, What Is Poison ? He Replied With A Beautiful Answer - AnyThing Which Is More Than Our Necessity Is Poison. It May Be Power, Wealth, Hunger, Ego, Greed, Laziness, Love, Ambition, Hate, Or AnyThing. What Is Fear ? Non Acceptance Of Uncertainty. If We Accept That Uncertainty, It Becomes Adventure. What Is Envy ? Non Acceptance Of Good In Others. If We Accept That Good, It Becomes Inspiration. What Is Anger ? Non Acceptance Of Things Which Are Beyond Our Control. If We Accept, It Becomes Tolerance. What Is Hatred ? Non Acceptance Of Person As He Is. If We Accept A Person Unconditionally, It Becomes Love.

FUTURE PREDICTIONS:

Robert M. Goldman MD, PhD, DO, FAASP In 1998, Kodak had 170,000 employees and sold 85% of all photo paper worldwide. Within just a few years, their business model disappeared and they went bankrupt. What happened to Kodak will happen in a lot of industries in the next 10 years - and most people don't see it coming. Did you think in 1998 that 3 years later you would never take pictures on paper film again? Yet digital cameras were invented in 1975. The first ones only had 10,000 pixels, but followed Moore's law. So as with all exponential technologies, it was a disappointment for a long time, before it became way superior and got mainstream in only a few short years. It will now happen with Artificial Intelligence, health, autonomous and electric cars, education, 3D printing, agriculture and jobs. Welcome to the 4th Industrial Revolution. Welcome to the Exponential Age. Software will disrupt most traditional industries in the next 5-10 years. Uber is just a...

Demonetisation may be a very costly failure

Available evidence suggests that we are on the way to a very costly failure of the current demonetisation scheme, says M R Narayana. http://www.rediff.com/business/column/note-scrapping-may-be-a-very-costly-failure/20170106.htm

Will we let the poor die?

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Dr Mohammad Manzoor Alam Sometimes towards the end of cold war, Rand Corporation, which conducts researches and writes reports for US government, its foreign policy and military establishments, prepared a report that had a startling suggestion. It said that the powerful and rich Western countries and institutions should not intervene to save millions of lives in the less developed countries (LDCS). According to Rand, the ill-fed, ill-clad, ill-shod millions were worthless vermins who had no value, were of no economic worth, and were a burden on earth’s resources. So they should be allowed to die off in their millions. There was no point in wasting precious material and financial resources on them. That was like throwing black slaves overboard in the sea to drown if the white captains of slave-trading ships thought their ship was overloaded or had insufficient food and water for so many people. At that time the report sounded a little too cruel, callous and shocking, espec...

A Cheerless New Year

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Dr Mohammad Manzoor Alam Over the last couple of days I have frequently been returning to the content of the Prime Minister’s much-awaited address to the nation within hours of the beginning of the New Year. We had been hoping for some respite from the consequences of demonetisation and some good news for the New Year. Sadly, I came across nothing to cheer for. We should have been wise enough not to have expected anything good from the PM. But, even this thin ray of hope was the creation of the PM, who had declared grandly on November 8 while announcing this ill-starred demonetisation that at the end of 50 days “the country would shine like gold.” And if the country did not shine like gold, he should be beaten with shoes on a public square and we should burn him. We knew that being a political extremist, he has to use the loathsome language of an extremist. Even though India is not shining at all at the end of his deadline, and the glitter has in fact dimmed, nobod...

25 Places You Must Visit In Delhi

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Delhi is a lot more than just a city of love. It is the absolute combination of tradition and modernity. A city with innumerable monuments on one hand and a world class airport and metro on the other. Street food, shopping malls, thrifty shopping places, religious places, theatre; you name it and Delhi has it! Here are the 25 must-see places in Delhi. Take down your notes and visit them all when you drop by! 1. LOTUS TEMPLE The Lotus Temple or the Bahá’í House of Worship is an architectural masterpiece which will make you want to go ‘wow’ but wait, you can’t say that aloud! Well, when inside the temple, you have to maintain silence! There are no sermons or ritualistic activities practised, one can just sit in peace and pray to their respective gods. Closest metro station- Nehru Place (Violet Line) Tip – Lotus Temple organizes daily shows to educate people about Bahá’í faith. Add that to your list. 2. AKSHARDHAM This is a must-see site and should be high on your...