athreya
@athreya49
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தமிழன், progressive, seeker. Husband, father. Gooner. Incognito, ergo sum. Economics, markets, sports, movies.
Spaced
Joined February 2019
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@RishiJoeSanu
You want to cut down trees to make way for what? These are probably only places with dense greenery in the city.
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All the 90s Indian fans who were traumatised by Jayasuriya and co deserve to enjoy such annihilations.
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RBI has been reading
@ChinmayTumbe
👏🏻👏🏻. I hope India’s experiences ar the time of Spanish flu finds space in school history curriculum. Need more such people centric history.
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All small countries neighbouring India are suffering from external funding crises and deeper structural issues. India’s problems are internal (fiscal deficit & inflation) but there’s no ext funding crisis given diversified export basket, large forex reserves & low ext debt.
Has anyone seen an article about the possibility that South Asia is experiencing a systemic region-wide crisis similar to the one that hit Southeast Asia in 1997? Because if not, I am happy to write an article exploring that scary possibility.
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Funny the article mentions that India designated Nijjar as a terrorist. Headline says separatist. Tweet link says activist. Have some editorial std and stick to it. One thing that’s clear from story is why there was delay between the killing and Canadian govt going public.
New: Weeks ago, Canada began pushing its closest allies, the Five Eyes, to make a joint statement about Nijjar's killing, possibly at the G20. Countries including the US deferred, fearing angering India and spoiling its coming-out party
w
@karishma__m__
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@shrikanth_krish
Yes the part about mangal sutra, gold and land being confiscated was a clever and homespun example that conveys the dangers of RG’s rhetoric. The part about Muslims/MMS comments was an exaggeration and tacked on to inflame the passions. He knew what he was doing.
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It won’t change unless the selection process changes. My solution is to implement Agnipath type scheme for IAS/IPS. Just double/treble the intake by simplifying the exam with moderate cutoffs. But these recruits will be hired on a 5 year contract w/o pension or pay comm scales.
Many Indians still don't get it
Use your hard work and ingenuity to produce goods and services for the country. Don't use all that energy to crack a silly exam.
It's a sad commentary on our dysfunctional culture, on our economy, on lack of opportunities for our youth
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Aftermath of Modi’s US visit 1. A BJP CM and an ex MP tweet like your average IT cell bigoted trolls 2. Left tries to prove that Mughals & Delhi Sultanate just wandered over from Outer Delhi 3. A Pakistani American journo shares Indian cricket jersey pics to prove god knows what
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@RishiJoeSanu
None of whom are coming to Chennai. So it’s not needed. But in case there’s need for land I would first relocate all state and central govt offices including legislature, courts and army installations away from the city. Let them move to a satellite city.
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This is not the lesson to draw from history. USSR didn’t help India during the war with China in ‘61. Russia will side with China if another war with India breaks out. They will stop supply of arms to India. So yeah it is naive to think Russia will be a dependable ally.
This historical episode, and India's other wars against Pakistan, are an important reason why India still considers Russia an ally to this day.
The USSR helped India in the Cold War, while the U.S. sided with Pakistan.
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Pitroda has ensured not just Congress but BJP also won’t dabble with inheritance tax 😂 We need more ‘advisers’ doing gaffes about taxes.
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@mattyglesias
This is false equivalence. Finland gets to keep all the taxes paid by its residents.
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Absolute 🐐 mentality. He’s India’s greatest sportsperson in my books. Neeraj Chopra, Dhyan Chand and Viswanathan Anand are the top 3. Elite talents and personalities who kicked open the doors for others to follow.
Neeraj Chopra- I want to thank the people of India for staying up late. This medal is for all of India. I'm Olympic champion now I'm world champion. Keep working hard in different fields. We have to make a name in the world.
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If only these people worked together and had some forum like a regular meeting to discuss and exchange ideas and solutions.
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Fate of a micro minority without lobbying power in western countries. Nos matter but more imp is power to influence policies in western countries.
In 2014 I asked the Qatari embassy in DC in a face to face meeting to mediate the release of the Yazidi captives with ISIS. They paid no attention to the matter & the person I met was on his phone about a half of the meeting. I forget who he was I thought he was the ambassador or…
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@Akshay_VAK
Sam Pitroda: In the US there’s a game called Baseball. Where we only bowl full tosses. Something to thing about.
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You would think the 5th largest economy and soon to be ‘$ 5 trillion’ economy would invest more in economic data collection, analysis and dissemination. What with digital this and digital that chest thumping. At least generate monthly spending & jobs metrics from formal sector.
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Irrespective of the fact that liquor is freely available, party should be orderly 🤷♂️
Irrespective of the fact that liquidity is in surplus, risk pricing of loans has to be done diligently by banks, says RBI governor Shaktikanta Das.
For the latest business and finance news updates visit:
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But she made you post for 24 hrs with minimal references to Kerala. Eyeshadow 1 - Kerala simp 0
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What a pathetic person. Feel sorry for that family. Good rule of thumb for Indians living outside India. Think twice about helping other Indians.
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This veg-non veg fracas is curious case where the left/Ambedkarite types don’t practice what they profess to follow. Why should an egalitarian & progressive movement harass a minority group instead of accommodating them? Since by all accounts vegetarians are a minority in India.
If there are 6 vegetarian tables in a canteen out of 129 (rest are all to be used for non-vegetarian food) and the ‘protest’ is against these 6 tables, who, then, is being tolerant? Ask yourself who are the real intolerant idiots in this case.
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@shrikanth_krish
My theory is RaGa being he clown he is, no one took his rhetoric seriously. But the Cong manifesto with specific schemes is getting some traction. And Modi decided to discredit the entire document by linking it with RaGa/MMS comments and exaggerating for good effect.
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Thinking about social media drama over last few days. Many Indians used to gripe that cricketers don’t take a stand on issues of public interest. Now that some of them took a stand many are again upset. Be careful what you wish for and don’t judge others acting in their interest.
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Amidst the euphoria these 2 charts are sobering
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Amazing. Casually dropping a post on a new type of jet engine. Just 🇺🇸 things.
I've kept a pretty low (online) profile of what I'm building, but word's getting out.
My company Astro Mechanica has invented a new kind of jet engine. Unlike any existing engine, it's efficient at every speed. Because it's efficient at every speed, we can use it in a new way:…
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Good story. One solution is to move Govt stakes in all these cos to a SPV/holdco structure under supervision of disinvestment dept. Sell stakes based on mkt conditions and professional advice. Defang the admin ministries once and for all. Shut down some redundant ministries.
Scoop: The Modi government’s push towards privatisation—the strongest India has seen in many years—faced resistance from key ministries within the administration.
Beginning today, we will tell you the story of 'The Privatisation Files.'
Read here:
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Zero examples or arguments from
China, Brazil and Indonesia, India’s comparable countries.
Since everyone is commenting on inheritance tax - here is some reading material. Feel free to add to the list.
Warren Buffett, the world’s second richest man, says eliminating the estate tax would be a ‘terrible mistake’
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Indians should take it as a W. such seethe can only come from a feeling of insecurity and jealousy.
For the past week or so, India has become a target of misinformation, contempt and racist jokes on China's internet for its growing role in Apple's manufacturing network. Ahead of the new iPhone release on Friday, some netizens are calling for boycotting India-made iPhone 15s. 1/
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@UpdatesChennai
Weren’t you hyping up minister’s comment that ‘something big’ is planned at Koyambedu?
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I had to check on this since too many people keep repeating this ‘data’. Rajan joined as RBI Gov in middle of FY14 and left in middle of FY17. Every year he oversaw an increase in GDP growth! Clearly economy wasn’t tanking under his watch.
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Two things to note. One is that US financial power far outstrips its economic heft and may remain so for long. Two the US/European alliance is not just about common interests. It’s a quasi ethnic alliance and so will always be more cohesive than other alliances of convenience.
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Too much nonsense being spouted about Ahmedabad crowd behaviour in the Ind-Pak game. Don’t see why sports fans are immune from mob psychology. Football fans chant worse things. Imo no way to predict or condition crowd behaviour but players should always be held to a higher std.
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The article makes the error of assuming RBI wants lower yields. It’s likely RBI only wants stable yields. That’s why OMO/OT is being calibrated. This is an ad hoc form of yield curve control. From the actions one can surmise that RBI will do what it takes to peg 10Y around 6%.
Is the RBI making the good 'ol 'baby steps' mistake in announcing OMOs/OTs?
It might be. But equally with the outsized uncertainty, they may have no option.
Good read👇
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Vivek ran a high pitched, shrill anti woke campaign but was rejected by Iowa voters because he was too brown for their taste. Oh the irony.
This entire campaign is about speaking the TRUTH. We did not achieve our goal tonight & we need an America-First patriot in the White House. The people spoke loud & clear about who they want. Tonight I am suspending my campaign and endorsing Donald J. Trump and will do everything…
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Superb interview in which
@dugalira
gets Kerala FM to explain GST compensation issues in detail. By the simple tactic of allowing him to speak (other anchors take note). A few interesting takeaways for me.
Thomas Isaac on the delays in compensation cess and what it is doing to states.
Says the mechanism for any shortfalls in compensation cess is borrowings, which then adjusted repaid from future collections.
(Ps: This is one part of a soon-to-come wider chat on state finances)
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@gunnerblog
One of the stupidest narratives during the Emery reign was that Arsenal unearthed a gem in Guendouzi. He’s mediocre and shouldn’t be starting.
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Very nice. Japan and Tokyo deserve all the praise for conducting these games amidst Covid. Impeccable and gracious hosts.
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1.There was no logic in negotiating with groups who have only absolutist demands
2.There was no logic to allowing judiciary to enter the domain of legislature and executive
3.There was no logic in allowing a parallel parade on Republic Day
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@dugalira
250 bn loss estimate for a month seems to be just 3 trillion divided by 12. Really would have expected some more finesse. Economy didn’t stop functioning completely during lockdown.
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Always amazes me that our society wants to police college and university students but allows a bunch of 15-17 year old kids live unsupervised in a town far from home.
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#SarpattaParambarai
is an outstanding movie.The script hugs generic sport movie tropes but the subtext is expertly evoked. The staging of fights is brilliant, editing is superb and bgm is apt. The writing is so good that it makes justice to an ensemble cast.
@beemji
take a bow.
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The sample is wrong and we are determined to keep it that way. By not conducting census and sabotaging other surveys. So that we can all argue in fact free echo chambers.
Major surveys that policymakers rely on — NSS, NFHS, and PLFS — are based on unsound data collection frameworks and systematically underestimate India’s progress and development. Dr
@ShamikaRavi
, Member,
@EACtoPM
writes.
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‘Impressed by how well the finance ministry in Dhaka works with garment manufacturers and exporters in Bangladesh, Elangovan had a more realistic goal for India: “Let’s compete with Bangladesh."’
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There have been some good articles on the GST imbroglio and I wanted to consolidate them for my own benefit. The one, by
@CafeEconomics
is the best of the lot and him referring to GST comp as insurance is interesting.
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Last answer is the key. Takes long time to generate results in tech mfg as first ecosystem is created at the low end and it moves up the value chain. Needs govts to stay the course with predictable policies and incremental changes.
Tamil Nadu, Gujarat, and Karnataka have a headstart in India's
#semiconductor
ambitions, Chris Miller of Chip War fame, told TOI on the sidelines of
#TNGIM2024
TN would perhaps merit an entire chapter in Chip War 2 when written, he noted
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Yes set fire to the tent. And then complain why no one is coming inside the tent.
fight the damn fight. go after hindu upper-caste elitism - inheritance tax for the rich, reservations in the private sector. the cong fears upsetting the wealthiest of the banias simply because as a hindu upper-caste party it really caters to those who most prefer the bjp.
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Recently finished reading “Despite the State” by
@mrajshekhar
. It is on the ground reporting from seven states about how the Indian state is failing its citizens. Anyone interested in political systems, democracy and public policy should read it.
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Reading about all the stuff surrounding Bangladesh ind celebrations I have a question. Why did India handle East Pakistan so differently from North Sri Lanka? Both were linguistic & religious conflicts involving ‘Indian’ diaspora. Would like to read some proper analysis on this.
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Using ‘caste’ or ‘dominant caste’ to cover up OBC crimes has same energy as using South Asia to whitewash Pak crimes.
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@Noahpinion
That’s some serious finance bro energy there. I’ve come across finance bros who claim that they deserve something in return if they quote odds on a bet.
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Clown Prince has so many Indian American advisers & well wishers but none of them taught him 2 fundamental lessons of politics as practised in US. 1. Message discipline, don’t stray away from core message and avoid gaffes 2. Don’t allow opponent to define you or your platform.
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@PatrickRuffini
@dandolfa
Have you checked who won more land area? I heard that’s a thing these days.
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Good article. But I don’t buy the argument that RBI’s job is difficult. In 2013 we faced dwindling reserves and high CAD. Now we have ample reserves and CAD arnd 1-2% of GDP in FY22. RBI should be able to maintain high level of monetary sovereignty under these conditions.
Sajjid Chinoy in his column 'Normalisation And Its Discontents'.
- US growth will outperform EMs
- This will be skewed towards non-tradables so EM upside will be limited.
- BUT normalisation of financial conditions will hit EMs square in the face.
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Good explainer. The logical end point of Agri reforms is scaling down MSP procurement and scaling up income support aka PM Kisan. Procurement should be strictly limited to buffer stock norms. Also a flat income support per farmer will be massively redistributive.
Farmers' protests: A piece from 2018 explaining why income support works better than MSPs.
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Indiamerica reminds me of Chimerica neologism from 20 years back. Sadly world is a vastly different place from even 20 or 30 years ago. My hope for this relationship is continuous gains along a bumpy road. Too much hype can lead to disappointment.
I wrote about the budding alliance between India and America.
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If anyone is claiming today’s announcements constitute fiscal stimulus they are smoking the good stuff. Actual cash outlay is < 0.1% of GDP. What the Govt has done is credit facilitation which could potentially improve monetary transmission and credit growth.
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This is ugly. Like a Mofussil bus terminus. Strange how a party/govt that is supposed to stand for cultural revival repeatedly makes unaesthetic choices.
This is how Manikarnika Ghat will look like after the redevelopment
PM Modi will do shilanyas in his upcoming Varanasi visit on Saturday
Project cost ~ ₹17 Cr
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Since many are flippant about this Pegasus hacking/spying revelations here’s mine. What does it say for Digital India and atma nirbharta that we have to buy off the shelf spyware from Israel? Bengaluru, Gurgaon and Hyd techies are good only to optimise delivery of food🤷♂️
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It’s a ridiculous notion that sectors like textiles, leather & other light engg products need a PLI type scheme to expand and thrive. The problems in these sectors are about MSMEs scaling up, tax laws, regulatory burden & infra. These issues have to be addressed permanently.
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If this happens in Bihar everyone will crack jokes and indulge in max stereotyping. Ridiculous that a state which hires consultants for roadmap to $1 trillion economy can’t execute basics of governance.
Land grabbers take over Cooum River in broad day light. They have dumped soil 10-feet inside the River near Koyambedu and have levelled it with earth mover. For months, they were only dumping debris on the riversides and now, they have entered the river. This is because the…
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Long, sobering story about the accusations and the aftermath. Shameful that tamil film industry, media and political parties closed ranks in a show of toxic patriarchy and hounded the accusers. More power to
@Chinmayi
and others who came forward. And
@krupage
for writing this.
This long-form article, pieces together the
#Vairamuthu
#Metoo
story. Read about the poet and his predatory ways, through the eyes of his accusers.
By
@krupage
@IndiaMeToo
@Chinmayi
#metooindia
#PonniyinSelvan
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@cvkrishnan
Becos Indian right wing twitter simps for Trump and now by extension Elon. So Parag has to be the villain. In true Indian movie style, if there is a hero there has to be one villain.
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China at least retains a small portion of AI talent. India is there only to produce talent for US.
America brain-drains China's AI talent.
This is good.
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Just saw that
@cvkrishnan
is followed by the South Chennai ADMK candidate. After June 4th I know whom to approach for constituency related issues.
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Solid performance with the bat and ball in second innings by India. Rohit and Shardul set it up but really it was Bumrah who knocked out England. He was unplayable in that middle session. Champion stuff.
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Ofc high CAD if it persists can constrain growth via policy choices made due to broader EM crisis. But bigger concerns for India are whether problems in its backyard will trigger a refugee crisis and reshape geopolitics in South Asia. Imo it’s an opportunity as well as a threat.
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Ok here’s the thing. Cos won’t increase investments just becos profits are growing. They will do it when capacity constraints hit and if demand is strong. Now, with mfg capacity utilisation nearing prev highs and domestic demand outlook looking solid, investments should pick up.
Where have all the profits gone?
@_CMIE
MD & CEO Mahesh Vyas tells you why Indian companies have not invested in growing capacity despite earning supernormal profits.
Read his
#BQOpinion
column 'Enterprise Dynamics':
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What surprises me is how a Govt that was prominent, in your face and quick to react in 2020 has largely retreated in 2021 in face of a greater tragedy. A Govt that believes in centralisation and primacy of executive has ceded space to states and courts.
From a flailing State to a failed State. The“fiction” of India’s health system is exposed. National Government has abdicated from all responsibility. We need a coordinated response but center-states are at war. It's not too late, soon it will be.
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@cvkrishnan
Sad. But this is where govt shld have put their foot down, argued the case in higher courts and retained the exam. To me it looks like govt was happy to use this excuse to shut down the program.
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Krunal Pandya is that bits and pieces player Manjrekar was talking about in 2019. You can’t pick him either for his batting or bowling. I really miss Jadeja in the team.
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Imports will shoot up now with retail channels building up excess inventory. Trial and error policy making. So many examples like this which suggests absence of real world expertise in policy circles. Better to fire 90% of the IAS and staff ministries with domain experts.
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@Sabya_K
But some states might have become CA surplus countries? And therefore achieved better quality of economic development as ind countries? Albeit without any guarantee of geopolitical stability and security.
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@gurkiratsgill
Why do they have to communicate through social media? It’s all cheesy and feels like PR game.
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Peace process 🤦♂️ So many experts and think tanks and this is the clownery that results.
Happy Independence Day, Pakistan! We look forward to further strengthening the U.S.-Pakistan partnership through continued collaboration on boosting economic ties, advancing the Afghan peace process, and working together to defeat COVID-19.
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Correct. Three separate but overlapping objectives: income support to farmers, low Volatility in food prices and supply of food grains to consumers in bottom 50%. Needs multiple tools to deliver these. Over reliance on MSP is a wasteful way of meeting these objectives.
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Sorry this isn’t a valid criticism. Rail travel isn’t a basic necessity so passengers should be willing to spend money. The criticism should be about poor time keeping, overcrowding and poor maintenance of coaches and stations.
In the last four years Railways has earned an additional revenue of ₹ 5875 crore!
How you ask? By withdrawing concessions given to senior citizens of course. 🙏🏻
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This is a good summary of evolving dynamics in India’s current account. The growth of GCC means India’s services exports has diversified and not over reliant on software exports by domestic cos. The article claims India’s services exports will be more than goods exports by FY25.
Rising services exports, not just IT services, but the GCC (global capability centres) are keeping the current account deficit in check.
Read here:
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So in previous world cups they didn’t have faith? What about Iran,Saudi Arabia and Qatar? The flip side is when they lose you will claim bias and discrimination by referees. Way to spoil genuine enjoyment of a sport.
The way Morrocans are playing is only possible if you have faith! This team exudes faith . As a writer said faith in their mothers,grandmothers, coach & Allah. Boufal even brought his mother to the field after the victory over Portugal.(contd)
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My take on budget. There were three big changes in budgeting. First, capex has been boosted massively by 0.6-0.8% of GDP in FY21-22 compared to previous steady state avg. Some of it is optical like loans to railways to cover losses and a buffer to address overruns.
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You should log out of social media for a few days. And just check various foreign ministry websites once a day. Go retro in news consumption and that will help you get clarity. Else you will end up anointing Indian social media handles as official spokespersons.
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Two imp takeaways here. Unemployment rises with edu qualification among the 15-24. Huge nos join humanities, science & commerce as opposed to technical streams in UP & Bihar. Both are related imo. Wonder if govts can nudge behaviour change by paying kids to acquire tech skill.
India might have seen its 1st ever large scale job-riots in the ongoing protests over railway recruitments. More than 10 million applied for 40000 jobs.
Its a grim reminder of the broken labour markets facing the country’s youth, we write
cc
@naalmot
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Not even pretending to implement ‘minimum government’. Forget ‘maximum governance’. Also this is clearly a state subject. Very uncooperative step.
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@jaganmsna
@Revhappy3
@dugalira
India is unique after GST. Taxation powers have been centralised while spending is still decentralised. It’s an unstable equilibrium.
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Outstanding stuff. Now he can’t be dropped when Kohli is back. Should drop one of Pujara or Rahane. Imo the latter should be dropped as he has a low ceiling and is well below that now. He can join Venkataraghavan as the only Indian captain to become 12th man in next match.
Shreyas Iyer becomes the 16th men’s player to score a century on Test debut for India 🇮🇳
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@cvkrishnan
Think we have demand only for fresh vegetables. While in those markets it’s all stored items. Even with improved cold storage facilities here I think demand for fresh veg will be strong. Which invariably leads to wastage and so volatility in prices.
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Galaxy brain headline. Only choice for Indians is to suffer and die in heatwaves or be blamed for climate change.
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Won’t fix such issues but start hashtag to promote tourism within India 🤷♂️
Goan Taxi Mafia guys confronting a GoaMiles (Ola/Uber substitute) driver for picking up passengers. They have decided amongst themselves that they will not let GoaMiles pick up passengers from coastal areas.
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@cvkrishnan
Two separate issues. We are an illiberal society so default response is to blame provocateur even if reaction is disproportionate. Second judiciary’s penchant for oral comments and sound bites during hearings. These get more prominence in media than actual written judgements.
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Means Russia isn’t willing to move out of dollar bloc. Because the AED is pegged to USD. Payment in AED is as good as invoicing and paying in USD. Underlines the huge challenge in diversifying intl trade away from USD.
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“If growth contracts 7.5 per cent this year and rebounds 12 per cent next year, activity in early 2022 will still be about 7 per cent below the level forecasted pre-COVID, reflective of some economic scarring. Much, therefore, remains to be done.”
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This is quite a sad story. Clearly was driven by xenophobes and racists in Canada but also apparently some fellow Indians in Canada may have piled on to bash this guy.
Indian student, 'freeloading' on food bank groceries, and was 'fired' from
@TD_Canada
was NOT at a govt aid centre and was NEVER an employee at the bank. Its a college food program ONLY for students and he was only an intern at TD. Now he is getting death threats.
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