Archive for June 13th, 2016

Is Murali the Bradman of test match bowling?

June 13, 2016

Anantha Narayan has a second post looking at the bowlers this time. The first one was on batsman where the great Don obviously ruled.

Again he used Wickets per test as an alternative measure to averages (where again Murali tops) and comes up with following:

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The logic of having ‘On tap’ banking licences given chaos in Indian banking..

June 13, 2016

Prof TT Ram Mohan evaluates the new fancy sounding policy:

Critically evaluating the draft guidelines for “on-tap” bank licences put up by the Reserve Bank of India, it is argued that India’s banking system is already suffi ciently competitive, and there appear to be few who would be willing to enter the banking business. Entry of newer players, especially those with corporate backing, cannot be the priority at the moment. The priority over the next two or three years has to be the resolution of the non-performing assets problem and strengthening of the existing players.

Indian banking policy is highly chatoic as of now. There is no clarity with govt and banking regukator moving in different directions. There is hardly a coherence. On one hand, we are told that we do not need so many banks and hence merging public sector ones. On the other, we are just trying to create new players despite there being no real space in the sector.

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Why smart capital Amaravati will not be made in a day or even in 10 years…

June 13, 2016

Kingshuk Nag reviews development of Andhra’s new capital – Amravati.

Andhra CM wants to create a capital that lasts forever. But as of now, Amaravati is taking forever.

“We are worse than refugees, we have to build our lives all over again,” says Chandrababu Naidu, two years after Telangana was carved out of Andhra Pradesh on June 2, 2014. Naidu is sitting in his camp office in Vijayawada, the curtains of his rooms printed with large images of Gautam Buddha. “My first task is to establish a capital for Andhra Pradesh and I want to create a city that will be remembered by people for centuries,” he says. But Naidu admits that he has no money and the financial position of Andhra Pradesh is pretty bad. The Government of India is really not open-fisted, so Naidu is looking for foreign participation in building “the pioneer smart city of India”.

But right now Naidu is faced with another problem. Only a few officers have shifted with him to Vijayawada. Most officers stay in Hyderabad and shuttle to and fro. The entire staff of the government departments is in Hyderabad, although the ministers have shifted. “I understand that officers and staff want to stay in Hyderabad. But a beginning has to be made because, after all, we have to shift,” says Naidu.The CM has stipulated that the staff must shift by June 27. But clearly that is not possible.

He discusses why Amravati has been selected? Given its historical linkages with Buddhism and with many Japanese investors, it was a natural choice.

In Pali, Amaravati means abode of the deathless, meaning that nirvana can be attained here. Now a tiny town, it was a major Buddhist centre in third and second century BC. Naidu says that Buddhism was exported to southeast Asia from here. The proposed capital is 25km away from the historical Amaravati -but Naidu has chosen the name because he wants his capital to last forever. Moreover, he wants to use the name of the Buddha to establish an immediate connect with Japan, Korea and Singapore -countries that have surplus investible resources.

From the point of view of vaastu, Naidu wanted a riverfront capital. The historical Amaravati is also on the banks of the river Krishna; vaastu also projects that a capital that has water on the northeast corner is auspicious. U R Palem village -the site of the legislature, secretariat and high court -has the river flowing in the northeast.

History of cities remains as fascinating as ever.

Poverty simulation camps are the latest cool pastime of uber rich…

June 13, 2016

Strange things keep happening in 0.1% camp. Their holidays are usually in most exotic of places. They keep trying and discovering fancier and fancier of places to impress on their neighbors and friends.

Now, it seems the latest pastime is to live like poor. There are poverty simulation camps being conducted for the same:

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