Archive for December 1st, 2015

Citizens, corporates give govt earful over bad roads in Bengaluru

December 1, 2015

Leave improvement, things only seem to be getting worse for people in Bangalore. Yesterday, people protested against govt on the roads. This is something which should have been done a lot earlier. It is apathy and ignorance everywhere.

This article by Vishal Bali (co-founder & chairman, Medwell Ventures) says it all:

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The problems with “rules-based” monetary policy

December 1, 2015

Rules based monetary policy has been the talk of the town for a while. The debate is getting shriller as US polity is debating on giving Fed a rules based mon policy mandate.

Though, rules based policy looks like a better model than discretion based, we don’t understand there is discretion in making those rules as well. How does one decide what the rule should be? Usually it is the Taylor rule which is suggested as a way to make these rules. But Taylor rule is based on inflation and potential output, both of whose calculation is discretion based.

Tommy Behnke writes on this problem:

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Economics Is About Scarcity, Property, and Relationships

December 1, 2015

Michael McKay in an interesting conversation with a friend explains pretty much all there is to economics:

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As digital banking grows, Indian banks opting for smaller branches..

December 1, 2015

I had blogged earlier about role of branches in digital bankign world. One way forward is that branches role is going to shift from a deposit/credit mobilizer to that of local information aggregator.

Beena Parmar in BL writes on how Indian banks are responding to the new opportunities. They are opening up smaller branches:

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