Archive for September 17th, 2014

Finmin nudging to lower paper usage/wastage..

September 17, 2014

This memorandum was released nearly a month ago by Indian Finance Ministry.

The idea is to reduce usage/wastage of paper in Finance Ministry. So it passed on certain instructions/nudges to lower the same.

More can be done like autofixing word processors to type in single space. Similarly all printers auto default should be both sides printing and so on.

Then in order to make people realise/feel guilty some kind of posters (that will use some paper alright) can be put showing how much was paper wastage last week/month and whether it has reduced this month. In the same poster one can be made to feel proud by showing that by cutting paper wastage so many trees have been saved. Likewise departments can be compared saying who saved more paper than the other..

May be these reports can be put on the website as well to let others emulate..

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Time to abolish financial advisers to and action paralysis and limit bureaucracy..

September 17, 2014

Gyanendra Keshri of Inclusion has this nice piece. He reacts to the formation of yet another commission on expenditure management headed by eminent advisers.

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Global Billionaires Political Power Index..

September 17, 2014

Darrell West has developed this interesting index called Global Billionaire’s political power index.

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From Taylor rule to Hayek rule…

September 17, 2014

Mateusz Machaj of Mises Institute says shift to Taylor rule will not help Fed. One should instead follow a Hayek rule and abolish Fed. The banks should be free to do their own thing without any Fed intervention.

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What we didn’t learn (and learnt) from the recent crisis?

September 17, 2014

Plenty of books etc being written on a crisis which is not over yet. Like Great Depression, this crisis will haunt and keep econs going till another bug crisis comes.

Martin Wolf has also written a recent book on the crisis. Here is his interview. He says economic teaching should be more humble.

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Tragic story of Amol Muzumdar (and several other talented cricketers) who just faded due to lack of opportunities

September 17, 2014

A really nice tragic piece by Santosh Antony on Amol Muzumdar, the batsman who was slated to be the next Tendulkar. Leave being the next Tendulkar, he could not even get anywhere close to his level.

For cricket fans, his name was much talked about in 1990s and was really frustrating to not see him in Indian team.

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