Archive for November 25th, 2011

Experienced advice for “lost” graduate students in Economics

November 25, 2011

Ariel Rubenstein of Tel Aviv University offers some superb advice (Via Mankiw’s blog).

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How the Indian government is turning private goods into public goods

November 25, 2011

A fab piece from Siddharth Singh of Mint.

He gives a superb perspective to this whole problem with governance in India. He says what is happening is this conversion of private goods into public goods space. This not just distorts markets but the whole policy space:

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Impact of second additional demand of expenditure 2011-12 on fiscal deficit

November 25, 2011

Today, the government announced the second supplementary demand foe expenditure for 2011-12.  Basically this supplementary demand is for additional expenditure outside the budget and has to be approved by the parliament.

For FY 2011-12 Government budgeted expenditure of Rs 12,57,729 Cr. Plan was Rs 4,41457 Cr and Non Plan was Rs 8,16,182 Cr.

The first additional demand was announced in Aug-11. Here is how the numbers added up post first supplementary demand:

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