Traditional bank architecture is based on bank branches. The branches ensure the physical security of your savings. You go there to deposit and withdraw money, negotiate loans, and engage in other financial transactions. In the past two decades, the banking […]
New architecture of rural banking? Read More »
With the US finally climbing onto the global warming bandwagon at last weeks G-8 meeting, India and China will come under pressure to curb their energy use and carbon emissions. China will overtake the US as the biggest carbon emitter
White paint as climate saviour? Read More »
Dear Dr Singh, At the annual meeting of the Confederation of Indian Industry, you eloquently argued the case for corporations to go beyond their narrow financial interests, and embrace corporate social responsibility. You urged businessmen to avoid conspicuous consumption and
Ten commandments for Dr Singh Read More »
The 61st NSSO round shows (see accompanying table) that per capita calorie consumption in India has declined once again in 2004-05, measured in kilocalories (popularly referred to simply as calories). Consumption has fallen to 2,047 calories in rural India (against
Why are we consuming fewer calories? Read More »
The Prime Minister says that if we do not check stark inequalities, we will face social upheaval and violence. Now, we should try and reduce inequalities on moral grounds alone. Why gild the lily by invoking a Marxist vision of
Truth about disparities & violence Read More »
What is China going to do with $ 1.2 trillion of foreign exchange reserves? One answer came over the week-end—it will invest $ 3 billion in Blackstone, a US private equity company. Many see this as a breakthrough in developing-country
A time to borrow and invest Read More »
The Bahujan Samaj Party under Mayawati has won a remarkable absolute majority in the UP election. Such a big victory, against all predictions, merits loud applause. Yet some analysts are going ga-ga, finding virtues in the lady which are not
Don’t go ga-ga over Mayawati Read More »
Annual average growth of gross state domestic product (%) for 14 major states. 1993-94 to 2004-05 1980-81 to 1990-91 Gujarat 7.46 5.08 W.Bengal 7.06 4.71 Rajasthan 6.39 6.60 Haryana 6.33 6.43 Karnataka 7.26 5.29 Kerala 6.18 3.57 A.P. 5.95
Laloo Yadav beats Nehru hollow Read More »
India has got mu-ch of the global outsourcing business for services, but very little for labour-intensive manufacturing. Two major culprits are inflexible labour laws and the continuing reservation of many items for manufacture by small-scale industries. However, i see signs
Ship-building: India\’s next star industry Read More »
India has got mu-ch of the global outsourcing business for services, but very little for labour-intensive manufacturing. Two major culprits are inflexible labour laws and the continuing reservation of many items for manufacture by small-scale industries. However, i see signs
Ship-building: India\’s next star industry Read More »
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