Archive for January 12th, 2017

How Bengaluru’s oldest kite makers keep the tradition flying high despite competition from video games..

January 12, 2017

Interesting story in The News Minute by Theja Ram.

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Consumers end up paying more to avail Rs 5 LPG discount in Hubballi..

January 12, 2017

Digital transactions are not cheap as we are increasingly realising. Unlike cash which does not involve any transaction cost while paying digital payments require a fee. These payment services are offered by a private firm which has to earn its revenues. So someone has to pay.

People in Hubbali in Karnataka just figured this bit. In order to avail Rs 5 discount on booking a gas cylinder when paid digitially, they ended up paying more via commissions!:

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Should the Riksbank (Sweden central bank) issue e-krona and is this time any different?

January 12, 2017

Came across this really interesting speech by Cecilia Skingsley of Riksbank. It is a pity that the media and experts discuss every word of speeches made by Fed and ECB chiefs much of which is repetitive. In the process, we miss such speeches which give you a panoramic view of the burning issues  by smaller central banks. And this is from the oldest central bank in the world.

Anyways Ms. Skingsley gives you a very nice historic and institutional account of central banks and their currency function. As cash usage in Sweden is one of the lowest in the world, they are talking much more about digital payments and digital currencies.

Given all this, the big question is should the central bank issue its own currency? If yes, how do we think through the changes? She says we need to think about e-krona as a complement to krona.

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How has map reading changed since the 1600s?

January 12, 2017

James Cortwada has a post on one of this blog’s favorite activities –  reading and figuring maps.

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