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Showing posts from June, 2021

some more ruminations

 1) This news item in Dinamalarin June 2021 shows that Local bodies,Govt departments r not paying EB tariffs for many years. If Govt itself is the delinquent, this is a serious loss of credibility and governance. Long-term remedy has to b thought of. Further funding reqtuirements of these local bodies to b linked to payment of pending EB bills. Beyond a point should withhold even Salaries to the Top Govt secretaries ,like in private sector ,for non-payment of EBdues,Property tax or any other govt levies. For unpaid Motor accident compensation ,courts many times initiate distraint proceedings against Govt transport corporations.Something similar to b done for these unpaid dues. Or fast track privatization of EB distribution. 2 ) w.r.t media why not ask those who have PEP(Politically exposed Person/s) in their Boards, their relatives, those affiliated to parties &controlling their labour union,donating ,providing ads revenue more than 10% of income http:// etc.to show in small l...

some random musings

1)  Fundamentally, we all go by our System 1  thinking - with  'perception  bias"," recency bias" and what not. All of us including the so-called Economists are basically Irrationalists. We are all very good critics and so we want to find all the wrong reasons to blame the Government at the Centre and Modi in particular. (E.g Some of the questions our analysts and researchers frame for fixing the blame for the pandemic deaths/distress in their families- Do you Blame Centre or State or your fate-sounds childish-no blame for China!!!) Those who want to blame Modi often confuse others  with Pandemic induced downturn with economic policies of the Govt  , which are bad according to them. So many of their arguments are based on their convenience and not based on any economics per se.Most of them will start by saying "Tea sellers do not know anything beyond Pakora", or "Demon led to all these economic downturns etc. with a sweeping judgmental tone". None...

RCEP and India

 Regional Comprehensive Economic Partnership (RCEP) is the economic alliance formed with China and other 14 countries primarily from Asia recently but including  non Asian countreis like australia, New Zealand. India was said to have entered into this economic pact and was negotiating for its membership, but withdrew later when it rightly found that this trade partnership would only benefit other countries but not its interests. Maybe in the long run India would have to enter this trade pact but certainly not at this time when China's hegemony is strangling many of the Asian and African countries. With many of the other Asian countries India already has a free trade pact except China. China is a net exporting country to India and therefore any free trade pact removing the tariff barriers would only directly and indirectly benefit China. Let us look at the specific pros and cons to RCEP: Pros 1)The purpose of RCEP was to make it easier for products and services,investments, int...

Hanuman and Ganesha!

  The two major loved deities of the Hindu pantheon are Hanuman and Ganesha. Let us dwell into the concepts and significance of these two dieties. Ganesha, the son of Parvati and Shiv, is worshipped first before starting any new job or work. Even if you want to start writing or reading , you invoke the blessings of Lord Ganesha who goes under various names- Ganapathi, Vigneshwar, Vinayak, and  Pillayar in Tamilnadu. Ganesha Gayathri, Pancharatnam are some of the important Ganesha mantras and hymns. Adi Ganesha idol is in a Temple near Tiruvarur in Tamilnadu with a human face.The mythological story says that Shiv slew His head and then fixed the head of the animal that He saw first after this beheading of His son. Ganesha after that with the elephant head is worshipped as the wisdom god by Hindus. Why only Hindus. He is worshipped in Indonesia where He finds Himself in their currency notes. He is considered the destroyer of evil in Japan. In Mexico, Ganesha idols were said to h...