Assorted Links

1. A good article from Economic Times on policy with respect to Indian Roads.

2. I was surprised to know that UTI Mutual Fund is the most profitable of the lot. Considering the fact that most of its equity funds are not top performersexcept for UTI Infrastructure Fund (I take equity funds as majority of the incomes come from equity funds ; read the above mentioned article), whether you take pure returns ( 5-year period) or you see it on the basis of alpha only fund you see performing is UTI Infra fund. This means the funds are not performing and still profits continue to go up. So what explains the higher profits?  I need to look at the balance sheets of the various fund houses.

3. A.K. Bhattacharya’s take on Export Promotion Councils.

4. A nice round-up on the Jan-Mar quarter performance of the Indian industry. In a summary, the sales have slowed but due to improving operating margins all seems to be well. The party pooper could be higher interest rates.

5. Jaimini Bhagwat is absolutely right on the state of education in science and technology. It is hightime Indian policymakers do something aabout improving the quality of overall education and dovert their attention from IIM/IITs etc. For people wanting a detailed analysis on the nature of science in India, see the Indian Science Report.

For an excellent discussion on why science and technology is important, read this interview from a damn-good thinker and economist Paul Romer.

6. Some good collection of papers by George Akerlof. Looks like a must read. Thanks to New Economist for the pointer.

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