Organized Retail

When one is talking about anything that has to do with economics, I think it is best to use a bit of common sense and to stick to the basics. Recently, the government has moved to allow up to 51 percent foreign direct investment in “multi-brand” retail in India (and single brand retail is allowed 100 percent FDI.) Some people (and some parties such as the BJP) oppose FDI in retail. The question whether FDI in retail is good or not is being hotly debated. The debate is pointless because it takes only a few minutes to get to the heart of the matter. Here’s my take on the matter.
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Off to Chicago Tonight

I am leaving on a jet plane, don’t know when I’ll be back again. Could be the words of a song 🙂 When I reach Chicago tomorrow, I will write again. Until then, bye.

Of Brown Sahibs and their Gora Memsabhib Boss

In India’s case, being ruled by foreigners has perhaps become something of a habit. What else can it be if something is so persistent that it lasts centuries. The most recent foreign rule was by the British, nominally ending around mid-20th century. I say “nominally” because what replaced it was really a continuation of the British raj under the brown sahibs (and now under a gora memsahib.)
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Advani Should Exit Gracefully

Allow me to explain the context of my rhetorical question in my previous post in which I asked, “Is Advani merely senile is he really intent on destroying the only chance India has of getting rid of UPA/Congress raj?”
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Reading: “Thinking, Fast and Slow”

If you like thinking about thinking, then Daniel Kahneman‘s book “Thinking, Fast and Slow” will delight you. Here’s a bit from the introduction:
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The Habit of Being Dishonest

Allow me to share something personal with you: I cannot go to bed without brushing my teeth. I may be sick as a dog, or bone tired, or totally sozzled, or massively sleepy. It does not matter. I feel all yucky if I lie down without brushing. I am glad that I have that habit. I don’t have to think about it, I don’t have to struggle, I don’t have to force myself in any way. Almost as if on auto-pilot I end up brushing my teeth before bed. It would be good to grow into the habit of being honest.
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A Sense of Justice & Fairness

Stated in the abstract, the case simple and outrageous. Let’s call them parties A, B, and C. Parties B and C own land which person A wants to grab. Person A somehow induces person B to disappear from view, and then accuses party C of murdering person B. Then a court convicts three people of party C for the murder of person B and throws them in jail. Fast forward 11 years.
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Keith Hudson on how the Western Economies Will be Saved

My friend Keith Hudson gave me permission to quote a recent piece of his in full. He presents an historical perspective to the present global financial conditions, thus helping our comprehension of what’s going on and what is needed to fix the broken bits. Read, enjoy, and pass it on.
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Narendra Modi Goes to China


Narendrabhai is in China leading a business delegation which includes my colleague Rajesh Jain.
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