India is embarking on a major revamp of its social security system - replacing subsidised food, fertiliser, fuel, etc etc with direct cash transfers to the bank accounts of the "poor". Is this good or bad ?
The current system involves heavily subsidised foodgrain, fertilisers, fuel, etc being made available to ration card holders through the public distribution system. This suffers from a whole...
Thursday, 29 November 2012
Sunday, 25 November 2012
Oh ! What a mess
Come on Argentina. How often do you ask everybody to cry for you ? On Wednesday, a US District Court Judge detonated an atom bomb (metaphorically, thankfully), in the world of financial markets. As usual, Argentina was at the centre of it. Here is the story, with a little bit of history.
In 2001, Argentina defaulted on its sovereign debt - one of the rare instances of a major country doing...
Sunday, 18 November 2012
What happens behind closed doors in a bedroom
What do people do in bed, other than sleeping ? Should be an easy one, isn't it. Well, it turns out not to be so easy. No, it's not what you thought. Apparently, the activity that is most often done in bed is working !
This blogger has often moaned about the complete encroachment of...
Monday, 12 November 2012
The incomparable Bill Gates
I remain confounded as to why Bill Gates is not universally loved in this world. Ask people at random to name the greatest living person and you'll get a wide variety of names. But I bet, you won't see the name of Bill Gates very much. And yet , to me, he would rank right up alongside with Nelson Mandela for that honour.
Why ?; do you ask ? here's why.
There have been many incredibly...
Sunday, 4 November 2012
Companies need a geography lesson
Ahhh ! If only the world was as simple as 50 years ago. Global companies found it quite simple then to divide the world ; there were only three regions in the world - America, Europe and Rest of the World. If you were an American company, 70 % of your revenues came from America, 27% came from Europe (Oh god; we have to improve there) and 3% came from Rest of the World (where's that ?). If you...
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