Blogspot - ttrammohan.blogspot.com - The Big Picture
General Information:
Latest News:
Does falling rupee point to economic mismanagement? 25 Aug 2013 | 01:28 pm
There is renewed talk of a 1991-like crisis following the steep fall in the rupee in recent days. It's good that Kaushik Basu of the World Bank has joined D Subbarao and others in quashing such specul...
Funds exiting the US too! 19 Aug 2013 | 04:57 pm
Everybody understands that emerging market currencies, including the Indian rupee, have tumbled largely in response to the expectation that the Fed will taper off quantitative easing (QE)in the months...
The Dawn on the LOC killings 11 Aug 2013 | 09:54 am
In contrast to the jingoistic voices heard in the Indian media, particularly TV, the Dawn's edit on the subject is a model of restraint and sobriety: In fact, the ‘peace process’ is not really there;...
Bhagwati on Bhagwati versus Sen 9 Aug 2013 | 10:18 am
Jagdish Bhagwati is at his polemical best in his piece in today's Business Standard. He points out the differences between himself and Sen, of course, but the the juicy bits are about the dirt that Se...
Indians on a house purchasing spree in UK 8 Aug 2013 | 04:50 pm
The Indian economy may be experiencing a severe downturn but that isn't hurting the money-bags. Wealthy Indians are buying up houses in Mayfair, an exclusive neighbourhood of London, the Economist rep...
State is the primary driver of innovation 8 Aug 2013 | 02:48 pm
Everybody associated innovation with private entrepreneurship if not individual genius; the state is the great stifler of innovation. Rubbish, says a recent book reviewed in the FT by Martin Wolf. It...
Online education versus the traditional university 31 Jul 2013 | 02:38 pm
Peter Drucker once said, "Universities won't survive. The future is outside the traditional campus, outside the traditional classroom." That was nearly two decades ago. And yet universities survive a...
Last minute justice 26 Jul 2013 | 10:13 am
There has been comment on the recently retired Chief Justice of the Supreme Court Altamas Kabir's delivering judgement on the NEET, the common entrance test for medical colleges, on his last day in of...
Why are American companies not investing? 25 Jul 2013 | 03:14 pm
Profits of American companies are at a record high; the cost of capital is at a record low. Yet American companies are not investing. The facts: pre-tax profit are 12% of GDP while investment is a mer...
Bailouts need not mean losses to taxpayes 23 Jul 2013 | 04:09 pm
When failed banks are bailed out, these are seen as losses to tax payers. This need not be so, as an article in FT points out. The US Treasury made a profit of $5 bn on its investment in AIG and anoth...
