Archive for July 23rd, 2019

23 July 2019: New India Assurance completes 100 years

July 23, 2019

Established by Tatas in 1919 and nationalised in 1973, New India Assurance completes 100 years today. Tatas wanted to name it Tata Prudential Assurance but then went for New India Assurance. Important to note that idea of “New India” is hardly anything new! Even in 1919, they were talking about New India even before independence.

The company has put up a video of the 100 years journey whose quality is much to be desired. It starts really slowly. At the start where a woman appears to be screaming at you rather than greeting you. They also put up picture of Jamsetji Tata while talking about JRD Tata!

 

Modern money theory and its implementation and challenges: The case of Japan

July 23, 2019

I had blogged an earlier piece in whether Japan is a case for MMT, which said one has to be careful as inflation could be around the corner. I

Another piece by Sayuri Shirai, former Board member of Bank of Japan in this piece says:

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The Fall of the Economists’ Empire (and their imperialism)

July 23, 2019

Another scathing piece on state of economics and its carrier which is economist. This one is by Robert Skidelsky:

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