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In the News

A Skill Is Worth More Than A Degree On Paper

quoting Michael Spencevia Economic Times (India)
Friday, September 2, 2016

The value of something is shown by demand: 23 lakh candidates (including 2.22 lakh engineers and 255 PhD holders) applied for the 368 vacant peon posts in Uttar Pradesh recently. Some of this excess demand represents the above-market wages and job security of government jobs but most of it is just the unemployability of the educated. 

In the News

Stronger IP Laws In India: Global Innovation Meet Organized

quoting Stephen Habervia Yahoo!
Thursday, September 1, 2016

A conference on 'Innovation for Shared Prosperity' was organized by Jindal Initiative on Research in IP & Competition (JIRICO) of O.P. Jindal Global University (JGU), India. The two-day global forum focused on patents, standard setting and competition in the ICT sector.


Rajan On Cash Transfers And Corruption

by John H. Cochrane via Grumpy Economist
Wednesday, June 22, 2016

Raghu Rajan, who just announced he is stepping down as Governor of the Central Bank of India, gave a very interesting speech, that bears among other things on the question of social programs vs. cash transfers.

In the News

Judging Judges By The Length Of Their Judgments Is A Bad Idea

quoting Tunku Varadarajanvia The Wire
Thursday, June 16, 2016

Law has to be made accessible to the lay person by keeping it short and simple.

In the News

The U.S. And India: Buddies In The Same Foxhole

quoting Tunku Varadarajanvia American Spectator
Friday, June 10, 2016

Strategic interests continue to draw the two closer.


Kori Schake On The John Batchelor Show

interview with Kori Schakevia The John Batchelor Show
Wednesday, June 8, 2016

Hoover Institution fellow Kori Schake discusses her article which was in The Atlantic “How To Manage A Rising Power—Or Two.” 


Modi And The Budding US-India Alliance

by Tunku Varadarajanvia Wall Street Journal
Wednesday, June 8, 2016

The prime minister’s speech to Congress sent the strongest signal yet that a major new geopolitical partnership is afoot.

In the News

From Nehru To Manmohan Singh, Five Indian PMs Who Addressed US Congress Before Narendra Modi

quoting George P. Shultzvia Indian Express
Friday, June 3, 2016

India was seen as close to the Soviet bloc, although it claimed non-alignment. With President Ronald Reagan, the differences were mainly around arming Pakistan. Rajiv’s visit was a huge hit; Secretary of State George P Shultz said it had “exceeded everything expected”.

Analysis and Commentary

Rules Are Green And Discretion Is Red In The Monetary Game

by John B. Taylorvia Economics One
Monday, May 30, 2016

Raghuram Rajan, Governor of the Reserve Bank of India, is calling for a reform of the international monetary system. He has been calling attention to problems in the system for a while, and now he is looking for a solution.

In the News

Thrown Off Guard By Monetary Policy?

quoting Thomas J. Sargentvia The Hindu
Monday, May 16, 2016

A question worth asking is: How predictable should monetary policy be? If one looks at the Federal Reserve providing direction, it is clear that rates will only go up, and the scope for conjecture is restricted to the ‘when’ of it. In fact, indications are that the quantum or rise would also be gradual — 25 bps at a time.