Archive for March 10th, 2015

Both turnarounds of Indian economy and Indian cricket are quite unbelievable..

March 10, 2015

In January no one gave Indian cricket team any chance in the World Cup. After yet another disastrous tour overseas, at best people expected a quarter final berth. And that too because the format is such that it is really difficult to eliminate top teams (unless you are England). After the WC 2007 debacle, ICC ensured India is not knocked out of tournaments early and moved to just a two group format where one could somehow managed the next stage.

Same stands for Indian economy. Till Jan, most forecasts were hovering around 6-6.5% growth. And then suddenly came the magic wand from CSO which revised the base year and numbers in a big way. The fortunes turned around suddenly and the forecasts moved to 7.5% – 8% range. From a sour spot of low growth high inflation, we overnight moved to sweet spot of high growth-low inflation (as CSO revised the inflation numbers lower as well based on new series) numbers.

(more…)

There is Kumar Sangakarra and there are just rest of them…

March 10, 2015

No words can summarise what Kumar Sangakarra has been doing these days. Ever since he said he will retire by August, people are finally beginning to take note of this .

How many know he has a text average of 58.66 highest among his contemporaries who hog all the limelight? Infact most people whom I have shared this stats with are in disbelief. And this highest is only third behind Great Don and Ken Barrinngton who have scored more than 5000 runs. Both combined also did not play 130 tests which Sanga has played over the years. As Harsha Bhogle tweeted on Sanga’s retirement – the retirement is too much of a decision to be left to Sanga..

I was looking to dig into cricinfo stats and generate stats on Sanga. But ToI has done some numbers which are astonishing to say the least:

(more…)

Why Understanding Money Matters in Greece…(Issuing Tax anticipation notes)

March 10, 2015

Robert W. Parenteau and Marshall Auerback look at the real purpose of money and go into history for the same.

They says real purpose of fiat money is to allow govts to pay for its expenses:

(more…)

A rather precious public policy lesson for policymakers from top to bottom…

March 10, 2015

Good friend Anantha Nageshwaran sent this wonderful quote.

It is by Dr. M Vidyasagar, ex-DRDO/TCS and presently teaching in US (how to retain such people to teach here). He seems to have said:

(more…)