Podcast appearances and mentions of vivek kaul

In this episode of Wealth Creation Simplified, an investor education and awareness initiative by Bajaj Finserv Mutual Fund, Anupam sits down with Vivek Kaul, an economist, best-selling author, and financial expert, to break down the biggest challenges investors face in today’s uncertain economy. If you’re worried about market volatility, inflation, or your investment strategy, this episode is for you! Key Topics Covered:✅ Why market crashes are inevitable & how to prepare in advance✅ The biggest mistakes investors make (and how to avoid them!)✅ Why diversification matters more than ever in uncertain times✅ How inflation & interest rates impact your investments✅ The best investment strategies for young investors in 2025

This week on Hafta, Newslaundry's Abhinandan Sekhri, Jayashree Arunachalam and Shardool Katyayan are joined by journalist Nidhi Razdan and economist and writer Vivek Kaul.The panel begins with the Delhi polls, and Abhinandan says the BJP's USP is primarily centred around portraying Kejriwal as a horrible politician. Shardool points out that the BJP is “organisationally strong” but doesn't have a face in Delhi. Nidhi talks about the AAP's shortcomings and Kejriwal's struggle to hold onto his image as an aam aadmi. She also says the Congress is entirely missing from the conversation.The conversation shifts to the current state of the media and the lack of accountability in newsrooms. Nidhi says, “Things that we thought were just shocking or immoral or unethical or unconstitutional – everything is being normalised. And part of the reason is because the media doesn't ask difficult questions.”Vivek then unpacks the rupee falling against the dollar and its repercussions. He emphasises that this isn't a crisis, saying, “The rupee will keep depreciating against the dollar for the simple fact that inflation in the US is usually lower than inflation in India.” He also explains the downfall of the Indian economy in the last few years. Tune in!We have a page for subscribers to send letters to our shows. If you want to write to Hafta, click here. Check out the Newslaundry store and flaunt your love for independent media. Download the Newslaundry app. Contribute to our latest NL Sena here.Timecodes00:00:00 - Introductions00:00:20 - Announcements and appeals00:01:54- Special message00:03:28- Panel introduction00:04:38- Headlines00:10:58 - Delhi elections00:37:50- Current media landscape01:12:34 - Rupee crash01:55:44 - RecommendationsCheck out previous Hafta recommendations, references, songs and letters Produced and recorded by Prashant Kumar and Priyali Dhingra.This episode is outside of the paywall, just for the week and just for you. Before it goes back behind the paywall, why not subscribe? Get brand-new episodes of all our podcasts every week, while also doing your bit to support independent media. Click here to subscribe. Hosted on Acast. See acast.com/privacy for more information.

Host: Peter Buch, MD, FACG, AGAF, FACP Guest: Vivek Kaul, MD The American Society for Gastrointestinal Endoscopy (ASGE) recently released a new guideline on when to use endoscopic submucosal dissection (ESD) and endoscopic mucosal resection (EMR) in managing early esophageal and gastric cancers. To learn more about when to use each approach, Dr. Peter Buch sits down with guideline co-author Dr. Vivek Kaul. Dr. Kaul is also the Segal-Watson Professor of Medicine at the University of Rochester Medical Center in New York.

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Tuesday, December 24, 2024. This is Nelson John, let's get started.In August, a U.S. federal judge ruled that Google's operations violated antitrust laws, particularly concerning its dominance with Search. India's stance isn't far from that of the U.S.'s. The Competition Commission of India has been actively investigating similar concerns and has already fined Google for monopolizing mobile apps and operating systems. Like the U.S., India's investigations are ongoing and have seen local publishers accusing Google of unfair practices related to ad revenues. Google's Search and Chrome are critical to the company's financial health, bringing in over half of its quarterly revenue and boasting a 68% browser market share globally. Changes mandated by the courts could force Google to rethink its business strategies, especially if it has to stop making Google Search the default on devices, potentially opening the door for more competition. Shouvik Das explains how changes at Google could affect your experience of browsing the net on your phone. As the year draws to a close, it's the perfect time to reflect on some of the standout stories by our team of reporters, writers, and columnists. Explore the Best of 2024 through these curated collections, highlighting the best of the year, Click on the links in the show notes and read on! In 2024, India's housing finance sector saw a significant jump in fundraising, pulling in $826.8 million—a massive leap from $82.6 million the previous year. This surge in investment is thanks to venture capital and private equity firms looking for stable assets amid rising housing demands. Experts are buzzing about the potential of affordable housing finance, especially as it expands beyond the metros into Tier 3 and 4 towns. Apoorve Goyal from Prosus highlighted the sector's growth prospects and low-risk allure, noting that even tech-first investors are now tapping into this market. Nithya Easwaran from Multiples pointed out the solid credit performance of these investments, even during tough times like the pandemic. With India's home loan market projected to grow significantly in the next few years, fueled by urbanization and income growth, there's a lot of action expected in this space, Priyamvada C reports.The thrill of live concerts in India has been marred by infrastructure woes, with recent performances by stars like Diljit Dosanjh and AP Dhillon underscoring the urgent need for improvement. Despite the excitement around shows and willingness of fans to pay up to ₹35,000 for a ticket, artists and promoters face challenges like inadequate venues, poor sanitation, and complex logistics, especially outside major cities. Diljit Dosanjh, expressing frustration, has even vowed not to perform in India until there's significant improvement in the concert setup. The main venues available—grounds, cultural centres, or stadiums—often lack the necessary facilities for high-caliber events. Obtaining permissions and licenses adds another layer of complexity, particularly when using stadiums, as regulatory restrictions often protect the pitches from damage. Pratishtha Bagai and Lata Jha report on how a lack of infrastructure is causing artists to stay away from the stage. The effects of climate change are becoming increasingly tangible, affecting everyday life across the globe. In India, the impacts are stark, with severe heat waves, deadly floods, and persistent droughts making headlines in 2024. The year 2024 witnessed frequent and severe climate-driven disasters, such as the heat-induced fatalities during the Lok Sabha election and the catastrophic landslides in Kerala's Wayanad. Such events highlight a grim reality: climate catastrophes are becoming the new normal, signaling an era of increased instability. The intensification of these disasters is evident, with the Indian Ocean's temperatures rising, fueling more powerful cyclones and altering rainfall patterns, directly impacting agriculture and water resources. Globally, 2024 is set to be the hottest year on record, with average temperatures surpassing the critical 1.5 degrees Celsius mark above pre-industrial levels. Bibek Bhattacharya delves deep into the problem of climate change, staring us in the face as we move on to 2025. Indians are increasingly choosing premium air travel on metro routes, driven by rising aspirations and a rebound in corporate travel. Demand for business and premium economy seats has surged 50-60%, nearly doubling fares within a year, reports Daanish Anand. Business class comprises 5-6% of India's air travel market, below the global average of 9.2%. Airlines like IndiGo and Air India are expanding premium offerings. However, soaring fares—now ₹45,000-85,000 domestically—have sparked concerns about affordability and competitiveness with international travel options. Show notes: 2024: Year in ReviewBest of 2024: Profit PulseBest of 2024: Plain FactsBest of Vivek Kaul in 2024Best of 2024: Mint Money

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Thursday, September 19, 2024. My name is Nelson John. Let's get started. India's frontline equity indices traded within a narrow range on Wednesday amid market volatility, as investors remained cautious ahead of a crucial US Federal Reserve meeting. The Nifty ended the session down 0.16 percent, while the Sensex also slipped 0.16 percent from its previous close. As the festive season approaches, online shoppers might find it harder to return fashion, accessories, home decor, and kidswear. Sowmya Ramasubramanian reports that companies like Flipkart and Amazon are setting tougher return policies to boost profits and cut logistics costs. Typically, returns jump 30% during festival sales, but this year, firms might shorten return periods, charge fees, or offer store credit only, particularly for serial returners. While loyal customers might enjoy some leniency, the aim is to curb the costly trend of impulse buys and returns that surge during sales. This strategy includes not just the major e-commerce players but also direct-to-consumer brands, all navigating the trade-offs between customer service and profitability. With the festival season in full swing, Indians are shopping in bulk, and metro cities are witnessing a shift in large purchases—more people now prefer home delivery. This spells good business for e-commerce and quick commerce firms. However, as demand surges, these companies will need additional manpower to manage and deliver orders. Sowmya Ramasubramanian, Suneera Tandon, and Devina Sengupta report that these firms are expected to increase their workforce by up to 20 per cent between August and December. To meet the rising demand, logistics firms are offering gig workers both monetary and non-monetary incentives. Many investors place all their bets on equities, driven by their bullish outlook on the Indian stock market and the hope of reaping windfall gains as their portfolios rise. The broader market supports this optimism, with Nifty and Sensex both up over 20 percent in the past year. Finfluencers often advocate for a strong equity-focused approach as well. However, through a fun narrative, Vivek Kaul explains why it's still wise to consider less thrilling assets like fixed deposits or PPF to maximize your returns. Singapore's Temasek Holdings is set to acquire an 18-20 percent stake in Cloudnine Hospitals from Peak XV for approximately $125 million. This move comes as Cloudnine, a specialist in mother and baby care, prepares for a public listing next year, with the deal valuing the company at around $600 million, reports Sneha Shah. Peak XV is making its exit after more than a decade, securing a substantial return on its 2013 investment. The transaction is part of a broader cap table realignment for Cloudnine, which also raised funds earlier this year to support its expansion across India's major cities.India is reassessing parts of its new criminal laws after feedback and judicial observations flagged the risk of potential misuse. The focus is on Sections 85 and 86 of the Bharatiya Nyay Sanhita (BNS), which address domestic violence against women. These sections mirror the old IPC's Section 498A, which was designed to protect women from dowry-related abuse but faced criticism for being misused against husbands and their families. Concerns raised by the Supreme Court over the lack of safeguards have spurred this reevaluation, reports Manas Pimpalkhare. Simultaneously, the law ministry is advocating for arbitration to help address the massive backlog of over 50 million cases in Indian courts, promoting alternative dispute resolution to expedite justice and reduce the burden on the judiciary.  E-commerce orders may be harder to return this festive seasonConsumer firms shower gig workers with festive incentivesInvest 100% in stocks? Be aware of the bull market's investing mythsTemasek set to buy PeakXV's 20% stake in CloudnineSection 498A: Centre may review the domestic violence law

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Wednesday, July 24, 2024. My name is Nelson John. Let's get started:The Indian market's benchmark indices reacted poorly to the Union Budget yesterday. Sensex fell during the day, but recovered by the time markets closed. It was down by 0.1 percent. Nifty dropped by 0.12 percent.First things first — if you're looking for a quick primer to catch up on yesterday's announcements, we have you covered. Vivek Kaul lists out the Budget in 8 succinct points. Topics ranging from personal income tax to the stock market and even the added benefits to Bihar and Andhra Pradesh are covered. The Budget had some setbacks for investors: both short and longterm capital gains taxes were increased. In this new environment, how should you invest? Ram Sahgal spoke to market veterans, who said that the adverse reaction from the markets might not last too long. Some volatility in trading is expected in the next few trading sessions. However, investors must ride out this volatile period before chasing any dips, Ram writes.There were also changes to the income tax brackets. Aprajita Sh arma writes that these changes to the new tax regime will attract a maximum benefit of 17,500 rupees. She analyses both old and new tax regimes, and presents a study of which one you should choose. While anyone earning less than 7 lakh rupees should choose the new regime, higher income brackets have some decisions to make. Aprajita also speaks to a chartered accountant to get additional inputs on this crucial decision.The Union Budget had some raucous background noises every time the Finance Minister would talk about initiatives for the states of Bihar and Andhra Pradesh. Nitish Kumar and N. Chandrababu Naidu cashed in on being good allies of the NDA government. Dhirendra Kumar writes that Bihar will be receiving nearly 60,000 crore rupees worth of assistance from the central government, while Andhra Pradesh is set to receive 15,000 crore rupees. Dhirendra explains the various schemes that will benefit the two states over the coming year.This was a great budget if you were the founder of a startup or a large investor. The industry has received two big bonuses from this year's Budget: abolition of the angel tax, and reduction of long-term gains tax for unlisted securities. Ranjani Raghavan writes that this will boost domestic capital investment into the Indian startup ecosystem, at a time when funding for such companies has been stagnant. We'd love to hear your feedback on this podcast. Let us know by writing to us at feedback@livemint.com. You may send us feedback, tips or anything that you feel we should be covering from your vantage point in the world of business and finance. Show notes:Mint Primer | Eight points to note from the Union budget Let the dust settle on tax shocker, but MF investors can stick to SIP route How to choose between the old and new tax regimes The good allies: Bihar gets ₹47,400 cr for infra; AP ₹15,000 cr for capital  Startups, investors buoyed by twin tax wins in “dream budget” 

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Monday, July 15, 2024. My name is Nelson John. Let's get started: US Presidents have had a long history of being targets of assassinations — Abraham Lincoln, John Kennedy, and Ronal Reagen, to name a few. Yesterday, former president Donald Trump joined this illustrious list after being shot at by a 20-year old. Trump survived, but the shooter did not, after the Secret Service found him. The attack could intensify political divisions and influence the upcoming US presidential election. Elizabeth Roche brings you the implications of the shot heard around the world. The new government is set to present its next union budget next week. If you're a little confused, the Budget presented a few months ago was a small one — meant to keep the government machinery chugging till the election results were announced. The next budget, also presented by Nirmala Sitharaman, is much-anticipated: some reports state that income tax rate cuts might be coming. This is expected to boost the economy. But with only 0.4 percent of the country paying 86 percent of the taxes, will this really stimulate any growth? Vivek Kaul answers this crucial question in a narrative format the way only he can. How much processed food do you consume? It's difficult to ascertain — nearly every packeted item might contain some additive. From beloved namkeen snacks to instant noodles, everything has some preservatives. Shuja Asrar and Niti Kiran take a deep dive into a government survey that outlines India's eating habits. While urban India has started to get more health conscious — think the different varieties of Maggi — rural India loves snacking on biscuits. The rise of junk food in the Indian diet has also worried experts, but that doesn't stop Indians from thronging to fast food joints. TCS investors might want to close their ears: the company's CEO said that hard times are just starting. Tata Consultancy Services shares are up 7 percent since they announced their Q1 results last week, but global conflicts and confusion about interest rate cuts might prove to be dampers moving forward. Demand for the IT company's services has remained muted — if you leave out a contract from state-owned BSNL, and TCS's numbers look much worse. Varun Sood got the chance to sit down with K. Krithivasan and have an in-depth and honest interview about the state of TCS, the IT sector at large, and the impact of AI on jobs in the IT sector. Some people like to cook when they want a break. But what happens when cooking is your job? This weekend's cover story on Mint Lounge explored just that. Avantika Bhuyan spoke to chefs from India's top kitchens about what they did when they took a break. Answers range from playing music to painting to long distance cycling. These activities help them unwind, but also gather inspiration for the next time they step into a kitchen. We'd love to hear your feedback on this podcast. Let us know by writing to us at feedback@livemint.com. You may send us feedback, tips or anything that you feel we should be covering from your vantage point in the world of business and finance.  Show notes: Trump's murder attempt: What it means for us   A stormy night and a taxing conversation on the budget  In charts and numbers: India's junk food juggernaut rolls on  TCS not out of the woods, sees no GenAI threat The secret lives of chefs

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Wednesday, July 3, 2024. My name is Nelson John. Let's get started:Sensex and Nifty remained largely flat on Wednesday. Both fell by less than 0.1 percent during trading hours yesterday.It's difficult to keep the Adani Group out of the news cycle. More than a year and half after it was accused of various irregularities by US-based short seller Hindenburg Research, we're back at it. The markets regulator Sebi sent a show-cause notice to Hindenburg and its financial partner, accusing their report of being sensationalist and profit-oriented. Hindenburg fired back and denied Sebi's accusations, calling it, and I quote, "nonsense". Hindenburg added that Sebi's report was premeditated, and the research firm stood by its report. Varun Sood outlines the entire saga, and explains the notices and responses between Sebi, Adani, and Hindenburg.It's incredibly easy to get a loan these days. Fintech apps have brought in the "buy now, pay later" revolution, which means that you can order a pizza for dinner tonight and pay for it in the next three months, without any interest. But Indians aren't just borrowing small amounts — home, car, and education loans have been disbursed at the highest volumes since 2008. Vivek Kaul points out a glaring contrast between borrowing and spending data: we're borrowing more than ever, and spending... less? Private consumption today stands at just 8.5 percent, the slowest in two decades. Vivek answers why this dichotomy has taken place, and how the Indian economy is getting affected by such a pattern.While fintechs have more business than ever, their voracious potential for growth is only limited by one possibility: regulation. Priyamvada C and Mansi Verma team up to report that India's fintech companies want clarity on such regulations. They want hassle-free licensing, tax considerations, and provisions for financial inclusion. Fintech players told Priyamvada and Mansi that a clear framework would help in streamlining their work. For example, currently, a fintech has to apply for multiple licences to offer their services. They claim that they could be making much more progress and digitising more of India's finances if they had such a framework to adhere to.It's July, which means that it's the rainy season for most of India. While the season officially starts in June, this year's progress has been slow. This is bad news for India's agricultural sector, which completes much of the sowing for its kharif crops this month. A slow or insufficient monsoon can spell disaster for the country's economy, writes Harsha Jethmalani. She points out the concerns around inflation in June, and a cascading effect on rural incomes. India needs rural demand to rise, and a poor monsoon won't help with that.July also means that it's tax season. The deadline to file your income tax returns is 31st July. Unfortunately, the process isn't easy. There are a lot of forms to choose from, and one might get confused. Sashind Ningthoukhongjam weaves a nice narrative to explain the different kinds of forms, and which ones would be appropriate for your type of income. Remember, missing the 31st July deadline can lead to a penalty of 5,000 rupees — I'd recommend you to read this story if you still had doubts on filing your IT returns.We'd love to hear your feedback on this podcast. Let us know by writing to us at feedback@livemint.com. You may send us feedback, tips or anything that you feel we should be covering from your vantage point in the world of business and finance. Show notes:Mint Explainer: Hindenburg's latest salvo against Sebi and Adani—and Kotak Retail credit aplenty. But why is our spending growth soft? Fintechs seek regulatory clarity, improved licensing, tax reformsWith a sombre start, spectre of a disappointing monsoon season lurks Income tax deadline looms: Know your ITR forms to avoid penalties 

Our greatest moral imperative is to solve the problem of poverty -- and after over 75 years, we still have some distance to travel. Rajeswari Sengupta joins Amit Varma in episode 387 of The Seen and the Unseen for a deep dive into how we got here, where we went wrong, what we got right, and how we should look at the Indian economy going forward. (FOR FULL LINKED SHOW NOTES, GO TO SEENUNSEEN.IN.) Also check out:1. Rajeswari Sengupta's homepage. 2. Demystifying GDP — Episode 130 of The Seen and the Unseen (w Rajeswari Sengupta). 3. Twelve Dream Reforms — Episode 138 of The Seen and the Unseen (w Shruti Rajagopalan, Rajeswari Sengupta & Vivek Kaul). 4. Two-and-a-Half Bengalis Have an Economics Adda -- Episode 274 of The Seen and the Unseen (w Rajeswari Sengupta and Shrayana Bhattacharya). 5. Talks & Discussions on the Indian Economy featuring Rajeswari Sengupta. 6. Rajeswari Sengulta's writings on the Indian economy. 7. Rajeswari Sengupta's writing for Ideas for India. 8. Rajeswari Sengupta's writing on the Leap Blog. 9. Rajeswari Sengupta's pieces on GDP: 1, 2, 3, 4, 5. 10. Rajeswari Sengupta's pieces on fiscal policy: 1, 2, 3. 11. Rajeswari Sengupta's pieces on the banking crisis: 1, 2, 3, 4, 5. 12. Rajeswari Sengupta's pieces on the financial sector: 1, 2, 3, 4, 5, 6, 7. 13. Rajeswari Sengupta's pieces on Covid: 1, 2, 3, 4. 14. Getting the State out of Our Lives -- Rajeswari Sengupta's TEDx talk. 15. Why Freedom Matters -- Episode 10 of Everything is Everything. 16. The Reformers -- Episode 28 of Everything is Everything. 17. The Importance of the 1991 Reforms — Episode 237 of The Seen and the Unseen (w Shruti Rajagopalan and Ajay Shah). 18. The Life and Times of Montek Singh Ahluwalia — Episode 285 of The Seen and the Unseen. 19. The Forgotten Greatness of PV Narasimha Rao — Episode 283 of The Seen and the Unseen (w Vinay Sitapati). 20. India's Lost Decade — Episode 116 of The Seen and the Unseen (w Puja Mehra). 21. The Life and Times of KP Krishnan -- Episode 355 of The Seen and the Unseen. 22. Lant Pritchett Is on Team Prosperity -- Episode 379 of The Seen and the Unseen. 23. Josh Felman Tries to Make Sense of the World — Episode 321 of The Seen and the Unseen. 24. Rohit Lamba Will Never Be Bezubaan -- Episode 378 of The Seen and the Unseen. 25. Yugank Goyal Is out of the Box — Episode 370 of The Seen and the Unseen. 26. The State of Our Farmers — Ep 86 of The Seen and the Unseen (w Gunvant Patil, in Hindi). 27. India's Agriculture Crisis — Ep 140 of The Seen and the Unseen (w Barun Mitra & Kumar Anand). 28. The Tragedy of Our Farm Bills — Episode 211 of The Seen and the Unseen (w Ajay Shah). 29. The Art and Science of Economic Policy — Episode 154 of The Seen and the Unseen (w Vijay Kelkar & Ajay Shah). 30. Two Economic Crises (2008 & 2019) — Episode 135 of The Seen and the Unseen (w Mohit Satynanand). 31. The Indian Economy in 2019 — Episode 153 of The Seen and the Unseen (w Vivek Kaul). 32. Subhashish Bhadra on Our Dysfunctional State -- Episode 333 of The Seen and the Unseen. 33. The Importance of Data Journalism — Episode 196 of The Seen and the Unseen (w Rukmini S). 34. Rukmini Sees India's Multitudes — Episode 261 of The Seen and the Unseen (w Rukmini S). 35. Pramit Bhattacharya Believes in Just One Ism — Episode 256 of The Seen and the Unseen. 36. Understanding the State -- Episode 25 of Everything is Everything. 37. When Should the State Act? -- Episode 26 of Everything is Everything. 38. Public Choice Theory Explains SO MUCH -- Episode 33 of Everything is Everything. 39. Our Population Is Our Greatest Asset -- Episode 20 of Everything is Everything. 40. What's Wrong With Indian Agriculture? -- Episode 18 of Everything is Everything. 41. The Long Road to Change -- Episode 36 of Everything is Everything. 42. India Needs Decentralization -- Episode 47 of Everything is Everything. 43. Beware of These Five Fallacies! -- Episode 45 of Everything is Everything. 44. Stay Away From Luxury Beliefs -- Episode 46 of Everything is Everything. 45. Graduating to Globalisation -- Episode 48 of Everything is Everything (on I18N). 46. Ask Me ANYTHING! -- Episode 50 of Everything is Everything. 47. Four Papers That Changed the World -- Episode 41 of Everything is Everything. 48. The Populist Playbook -- Episode 42 of Everything is Everything. 49. The 1991 Project. 50. The quest for economic freedom in India — Shruti Rajagopalan. 51. What I, as a development economist, have been actively “for” — Lant Pritchett. 52. National Development Delivers: And How! And How? — Lant Pritchett. 53. Economic growth is enough and only economic growth is enough — Lant Pritchett with Addison Lewis. 54. Is India a Flailing State?: Detours on the Four Lane Highway to Modernization — Lant Pritchett. 55. Is Your Impact Evaluation Asking Questions That Matter? A Four Part Smell Test — Lant Pritchett. 56. The Perils of Partial Attribution: Let's All Play for Team Development — Lant Pritchett. 57. Some episodes of The Seen and the Unseen on the state of the economy: 1, 2, 3, 4, 5. 58. Accelerating India's Development — Karthik Muralidharan. 59. Unshackling India -- Ajay Chhibber and Salman Soz. 60. India Grows At Night -- Gurcharan Das. 61. India's Problem is Poverty, Not Inequality -- Amit Varma. 62. Mohit Satyanand's newsletter post on the informal sector. 63. Pratap Bhanu Mehta's column on mission mode interventions. 64. The Hedonistic Treadmill. 65. 77% low-income households saw no income increase in the past 5 yrs -- Vasudha Mukherjee. 66. Pandit's Mind — The 1951 Time magazine cover story on Jawaharlal Nehru. 67. Economic Facts and Fallacies -- Thomas Sowell. 68. An Autobiography -- Jawaharlal Nehru. 69. The Double 'Thank You' Moment -- John Stossel. 70. Profit = Philanthropy — Amit Varma. 71. India After Gandhi -- Ramachandra Guha. 72. The China Dude Is in the House -- Episode 231 of The Seen and the Unseen (w Manoj Kewalramani). 73. The Dragon and the Elephant -- Episode 181 of The Seen and the Unseen (w Hamsini Hariharan and Shibani Mehta). 74. Caste, Capitalism and Chandra Bhan Prasad — Episode 296 of The Seen and the Unseen. 75. The Collected Writings and Speeches of Dr Babasaheb Ambedkar. 76. Population Is Not a Problem, but Our Greatest Strength -- Amit Varma. 77. How to assess the needs for aid? The answer: Don't ask -- William Easterly. 78. The White Man's Burden -- William Easterly. 79. The Elusive Quest for Growth -- William Easterly. 80. The Tyranny of Experts -- William Easterly. 81. Planners vs. Searchers in Foreign Aid — William Easterly. 82. Pandit's Mind — The 1951 Time magazine cover story on Jawaharlal Nehru. 83. 75 Years of India's Foreign Exchange Controls -- Bhargavi Zaveri Shah. 84. Breaking the Mould: Reimagining India's Economic Future — Raghuram Rajan and Rohit Lamba. 85. The History of the Planning Commission — Episode 306 of The Seen and the Unseen (w Nikhil Menon). 86. Adam Smith on The Man of System. 87. The Use of Knowledge in Society — Friedrich Hayek. 88. Price Controls Lead to Shortages and Harm the Poor -- Amit Varma. 89. The Great Redistribution -- Amit Varma. 90. Backstage: The Story behind India's High Growth Years -- Montek Singh Ahluwalia. 91. The Indian State Is the Greatest Enemy of the Indian Farmer -- Amit Varma piece, which contains the Sharad Joshi shair. 92. India's Massive Pensions Crisis — Episode 347 of The Seen and the Unseen (w Ajay Shah & Renuka Sane). 93. The Economic Legacies of Colonial Rule in India -- Tirthankar Roy. 94. The Semiconductor Wars — Episode 358 of The Seen and the Unseen (w Pranay Kotasthane & Abhiram Manchi). 95. BR Shenoy on Wikipedia and Indian Liberals. 96. BR Shenoy: Stature and Impact -- Peter Bauer. 97. The Foreign Exchange Crisis and India's Second Five Year Plan -- VKRV Rao. 98. India's Water Crisis — Episode 60 of The Seen and the Unseen (w Vishwanath S aka Zenrainman). 99. The Delhi Smog — Episode 44 of The Seen and the Unseen (w Vivek Kaul). 100. Fixing Indian Education — Episode 185 of The Seen and the Unseen (w Karthik Muralidharan). 101. Education in India — Episode 77 of The Seen and the Unseen (w Amit Chandra). 102. The Profit Motive in Education — Episode 9 of The Seen and the Unseen (w Parth Shah). 103. Our Unlucky Children (2008) — Amit Varma. 104. Where Has All the Education Gone? — Lant Pritchett. 105. Every Act of Government Is an Act of Violence -- Amit Varma. 106. Narendra Modi takes a Great Leap Backwards -- Amit Varma on DeMon & Mao killing sparrows. 107. The Emergency: A Personal History — Coomi Kapoor. 108. Coomi Kapoor Has the Inside Track — Episode 305 of The Seen and the Unseen. 109. Seven Stories That Should Be Films -- Episode 23 of Everything in Everything, in which Amit talks about the Emergency. 110. Milton Friedman on the minimum wage. 111. The Commanding Heights -- Daniel Yergin and Joseph Stanislaw. 112. Bootleggers and Baptists: The Education of a Regulatory Economist -- Bruce Yandle. 113. Raees: An Empty Shell of a Gangster Film — Amit Varma. 114. Josh Felman on Twitter, Project Syndicate, JH Consulting and The Marginal Economist. 115. Obituaries of SV Raju by Niranjan Rajadhyaksha and Samanth Subramanian. 116. Breaking Out -- Padma Desai. 117. Breaking Through -- Isher Judge Ahluwalia. 118. India's Far From Free Markets (2005) — Amit Varma in the Wall Street Journal. 119. Naushad Forbes Wants to Fix India — Episode 282 of The Seen and the Unseen. 120. The Struggle And The Promise — Naushad Forbes. 121. Half-Lion -- Vinay Sitapati's biography of PV Narasimha Rao. 122. A Game Theory Problem: Who Will Bell The Congress Cat? — Amit Varma. 123. India Transformed -- Rakesh Mohan. 124. Highway to Success: The Impact of the Golden Quadrilateral -- Ejaz Ghani, Arti Grover Goswami and William R Kerr. 125. The Cantillon Effect. 126. The Lost Decade -- Puja Mehra. 127. Modi's Domination – What We Often Overlook — Keshava Guha. 128. XKDR Forum. 129. Beware of the Useful Idiots — Amit Varma. 130. Some of Amit Varma's pieces and episodes against Demonetisation: 1, 2, 3, 4, 5, 6, 7, 8. 131. Episode of The Seen and the Unseen on GST: 1, 2, 3. 132. Miniature episodes of The Seen and the Unseen on PSBs, NPAs and NBFCs. 133. The Bankable Wisdom of Harsh Vardhan -- Episode 352 of The Seen and the Unseen. 134. Politics of Economic Growth in India, 1980-2005 -- Atul Kohli. 135. The Economic Consequences of the Peace -- John Maynard Keynes. 136. India's GDP Mis-estimation: Likelihood, Magnitudes, Mechanisms, and Implications -- Arvind Subramanian. 137. What a Long Strange Trip It's Been -- Episode 188 of The Seen and the Unseen (w Arvind Subramanian). 138. Episodes of The Seen and the Unseen on Covid-19: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14. 139. A Venture Capitalist Looks at the World -- Episode 213 of The Seen and the Unseen (w Sajith Pai). 140. The Indus Valley Playbook — Sajith Pai. 141. India's Trade Policy Is Working Great — for Vietnam -- Andy Mukherjee. 142. A Trade Deficit With a Babysitter -- Tim Harford. 143. The City & the City — China Miéville. 144. A Decade of Credit Collapse in India -- Harsh Vardhan. 145. The Low Productivity Trap of Collateralised Lending for MSMEs -- Harsh Vardhan. 146. Economic Learnings of India for Make Benefit Glorious Nation of Bihar -- Episode 345 of The Seen and the Unseen (w Mohit Satyanand and Kumar Anand). 147. They Stole a Bridge. They Stole a Pond -- Amit Varma. 148. Yes Minister and Yes Prime Minister -- Jonathan Lynn and Antony Jay. 149. The Right to Property — Episode 26 of The Seen and the Unseen (w Shruti Rajagopalan). 150. Episodes of The Seen and the Unseen on agriculture: 1, 2, 3, 4, 5, 6, 7, 8. 151. Some of Amit Varma's pieces on agriculture: 1, 2, 3. 152. The Crisis in Indian Agriculture — Brainstorm on Pragati. 153. Where are the Markets? — Kumar Anand. 154. Empower Women Farmers -- Mrinal Pande. 155. The Mystery of Capital — Hernando De Soto. 156. India Unbound -- Gurcharan Das. 157. In Service of the Republic — Vijay Kelkar & Ajay Shah. 158. We, The Citizens: Strengthening the Indian Republic — Khyati Pathak, Anupam Manur and Pranay Kotasthane. 159. Making Policy Fun with Khyati Pathak and Friends -- Episode 374 of The Seen and the Unseen. 160. Seeing Like a State — James C Scott. 161. Free To Choose — Milton Friedman and Rose Friedman. 162. Classical Liberalism- A Primer -- Eamonn Butler. 163. Friedrich Hayek: The ideas and influence of the libertarian economist -- Eamonn Butler. 164. Milton Friedman: A concise guide to the ideas and influence of the free-market economist -- Eamonn Butler. 165. Public Choice – A Primer -- Eamonn Butler. 166. Adam Smith – A Primer: Eamonn Butler. 167. The Clash of Economic Ideas -- Lawrence H White. 168. Just a Mercenary?: Notes from My Life and Career -- D Subbarao. 169. Who Moved My Interest Rate? -- D Subbarao. 170. Advice & Dissent: My Life in Public Service -- YV Reddy. 171. A Business History of India -- Tirthankar Roy. 172. Courage to Act: A Memoir of a Crisis and Its Aftermath -- Ben Bernanke. 173. Whole Numbers And Half Truths -- Rukmini S. 174. Fragile by Design -- Charles Calomiris and Stephen Haber. 175. Universal Man: The Seven Lives of John Maynard Keynes -- Richard Davenport-Hines. 176. A Life in Our Times -- John Kenneth Galbraith. 177. The Age of Uncertainty -- John Kenneth Galbraith. 178. Fixing the Knowledge Society -- Episode 24 of Everything is Everything. Amit's newsletter is active again. Subscribe right away to The India Uncut Newsletter! It's free! Amit Varma and Ajay Shah have launched a new video podcast. Check out Everything is Everything on YouTube. Check out Amit's online course, The Art of Clear Writing. Episode art: ‘It's Complicated' by Simahina.

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Friday, June 14, 2024. My name is Nelson John. Let's get started:Equity markets rose on Thursday, with the Nifty up by 0.33 percent and the Sensex edging up by 0.27 percent.After a brief period of volatility, the markets seem to have settled down. Experts told Mayur  Bhalerao that the formation of a government and a clear policy directive following the election results have soothed investors. The surge in investor confidence is making stocks more expensive, with 18 percent of the stocks listed on the BSE trading at a premium of at least 25 to 50 percent, compared to their five-year median price-to-earnings ratios. After a brief acid reflux, investors are saying cheers to the markets yet again.The elections demonstrated that the Indian markets can be a real roller coaster ride. Exit poll results buoyed the hopes of investors and propelled the markets to new highs. However, when these polls turned out to be wrong, the markets crashed as results were announced. Typically, the average investor would consider some fundamentals of a stock before investing: the price-to-earnings ratio, quarterly and annual financial results, and sometimes the CEOs of the companies. Vivek Kaul writes that investors should now account for politics in their stock picks as well. While mixing politics and investing ethos isn't the ideal approach, June 4 showed us that some investors still resort to that line of thinking.The Life Insurance Corporation, better known as LIC, which provides life insurance to around 250 million people in India, holds a commanding market share of 61.5 percent. This dominance leaves only five other private health insurers operating in the country. However, LIC isn't content with maintaining its position; it is aiming for an even bigger slice of the pie. To achieve this, it is open to acquiring a private insurance company. Anirudh Laskar reports that LIC is seeking a composite licence, which would allow it to sell both life and non-life policies. If successful in obtaining this licence, LIC plans to buy out one of its competitors, potentially leading to considerable consolidation in the health insurance market, Anirudh notes in his story.With a new government at the helm, you might see more Indian airlines flying international routes. However, this is a two-way street: if a deal is struck with a foreign country to allow a route to India, that country's airlines must also be permitted to operate on the same route. In the past, this has proven tricky. Anu Sharma writes that international airlines have invariably made better use of these routes, and Indian flyers often prefer foreign airlines over Indian ones.Despite these challenges, opening up more bilateral routes will likely reduce airfares, ultimately benefiting customers. However, Indian companies might not gain as much from this increased competition.This year's NEET exam was highly contentious, marred by allegations of arbitrary grace marks and paper leaks that overshadowed the announcement of the results. A record 67 candidates secured the top rank in this year's exam, an unprecedented occurrence in the history of the National Testing Agency, which conducts the exam. The issue reached the Supreme Court, prompting the government to propose a solution: either accept the grace marks or scrap them and conduct a re-test. Krishna Yadav and Devina Sengupta report that students are understandably stressed and coaching classes have voiced the strongest objections to this announcement. These coaching classes, which train millions of kids for competitive exams like NEET, have raised valid concerns about the way this year's exam was conducted.We'd love to hear your feedback on this podcast. Let us know by writing to us at feedback@livemint.com. You may send us feedback, tips or anything that you feel we should be covering from your vantage point in the world of business and finance. Show notes:Markets say ‘cheers' again after a cocktail of emotions in past week Dear retail investor, here is how to account for politics in your investing LIC looks to buy a standalone private health insurer More rights for foreign airlines: who will fly high? Unease at coaching centres as NEET lands in SC; govt scraps grace marks

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Monday, May 27, 2024. My name is Nelson John. Let's get started:The seventh and final phase of the 2024 general elections will conclude this week. Despite numerous rallies and manifesto releases, the parties' economic plans remain unclear. Puja Mehra raises a critical question to the two main blocs: how will they kick-start India's economic progress? She argues that both parties' plans have glaring loopholes. The prime minister must justify the  modest economic progress over the past decade of his party, the Bharatiya Janata Party, while the INDIA coalition must specify the source of their planned economic development. Mehra also poses open-ended questions about corporate tax policies and the relationship between public and private investment. Be sure to read this piece for thought-provoking queries about the country's future, regardless of who comes to power.While election results are yet to be announced, the central government is already planning for the next term. The Centre aims to significantly scale up its interest-free loans to states to boost capital expenditure. Rhik Kundu reports that this initiative will be part of the full budget, set to be released in July. The government has currently earmarked 75,000 crore rupees for this scheme. To qualify, states must implement several reform-oriented structural changes in sectors such as housing and vehicle scrappage.Facebook has faced widespread criticism over its content moderation policies, leading it to contract IT giant Cognizant to filter out harmful content. Cognizant directed its staff to manually review reported content to determine its suitability for posting. However, these employees, who have since left the firm, are now suing Cognizant. They allege that the reviews were extreme in nature and high in volume. The 14 plaintiffs claim the work was misrepresented to them and that they now suffer from post-traumatic stress disorder as a result. Varun Sood provides the details of the latest issue facing Cognizant.Eleven successive quarters of net profit, an EBITDA margin of around 25 percent, and a stock price increase of nearly 200 percent—any chief executive would be delighted with these numbers. But Amur Lakshminarayanan has just one question: what's next? Lakshminarayanan, the MD and CEO of Tata Communications, is now in his fifth year at the helm. The Trichy-born engineer has successfully diversified Tata Communications' revenue streams, including an exciting new venture into live streaming sports events. Right before the pandemic, Tata Communications also began modernizing its operations with artificial intelligence—a move that has paid off dividends. Arun Janardhan profiles Lakshminarayanan in this "Business of Life" piece for Mint Lounge.There are necessities, and then there are luxuries. Common Indian wisdom says it's always a good idea to buy a house. But what if you aim for a luxurious one? Generally, no financial advisor would recommend overextending yourself to buy a house beyond your means. However, Shah Rukh Khan differs in philosophy, suggesting that buying a more expensive house will motivate you to work harder to achieve it. Vivek Kaul, in his trademark writing style, explores this concept—examining whether it makes financial and common sense to follow this model. He provides answers through a narrative involving a young couple and their family's desires, making for an informative yet entertaining read.We'd love to hear your feedback on this podcast. Let us know by writing to us at feedback@livemint.com. You may send us feedback, tips or anything that you feel we should be covering from your vantage point in the world of business and finance. Show notes:Questions on India's economy that Modi and Gandhi should answer Centre's interest-free loans to states could be scaled up in the full budgetEx-Cognizant staff sue over mental health harm from Facebook workAmur Lakshminarayanan: The communicator Why SRK's home-buying guide doesn't apply to everyone

Mint's Sashind Ningthoukhongjam talks to Vivek Kaul, author of Bad Money, about five money lessons he's picked up by reading Morgan Housel's books and blogs. Housel is the author of the bestselling book 'Psychology of Money'

Welcome to Cyrus Says REWIND!Become a member of Club Cyrus SaysIn this episode of Cyrus Says REWIND, we take a look back at the time when we had Vivek Kaul in the studio with us!Enjoy!Subscribe to the Cyrus Says YouTube Channel for full video episodes!Listen to Cyrus Says across Audio PlatformsApple Podcasts | Spotify | Google Podcasts | Gaana | Amazon Music | Jio SaavnEmail your AMA questions to us at whatcyrussays@gmail.comDon't forget to follow Cyrus Says' official Instagram handle at @whatcyrussaysConnect with Cyrus on socials:Instagram | TwitterAnd don't forget to rate us!-x-x-xDisclaimer: The views, opinions, and statements expressed in the episodes of the shows hosted on the IVM Podcasts network are solely those of the individual participants, hosts, and guests, and do not necessarily reflect the official policy or position of IVM Podcasts or its management. IVM Podcasts does not endorse or assume responsibility for any content, claims, or representations made by the participants during the shows. This includes, but is not limited to, the accuracy, completeness, or reliability of any information provided. Any reliance you place on such information is strictly at your own risk. IVM Podcasts is not liable for any direct, indirect, consequential, or incidental damages arising out of or in connection with the use or dissemination of the content featured in the shows. Listener discretion is advised.See omnystudio.com/listener for privacy information.

India is like a caged tiger -- and the cage is unseen by most and difficult to break through. Subhashish Bhadra joins Amit Varma in episode 333 of The Seen and the Unseen to describe the many ways in which the Indian state holds back the Indian people -- and also to introspect on his own journey. (FOR FULL LINKED SHOW NOTES, GO TO SEENUNSEEN.IN.) Also check out: 1. Subhashish Bhadra on LinkedIn, Instagram and Twitter. 2. Caged Tiger: How Too Much Government Is Holding Indians Back -- Subhashish Bhadra. 3. Freedom at Midnight -- Larry Collins and Dominique Lapierre. 4. The Universe of Chuck Gopal — Episode 258 of The Seen and the Unseen. 5. Wherever I Lay My Hat (That's My Home) -- Marvin Gaye. 6. From Cairo to Delhi With Max Rodenbeck — Episode 281 of The Seen and the Unseen. 7. The Rooted Cosmopolitanism of Sugata Srinivasaraju — Episode 277 of The Seen and the Unseen. 8. Amitava Kumar Finds the Breath of Life — Episode 265 of The Seen and the Unseen. 9. Yeh Honsla -- Song from Dor. 10. Gurwinder Bhogal Examines Human Nature -- Episode 331 of The Seen and the Unseen. 11. The Perils of Audience Capture — Gurwinder Bhogal. 12. Episodes of The Seen and the Unseen with Ajay Shah: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10. 13. The State of Our Farmers — Episode 86 of The Seen and the Unseen (w Gunvant Patil). 14. The Indian State Is the Greatest Enemy of the Indian Farmer -- Amit Varma. 15. Power and Prosperity — Mancur Olson. 16. A Tale Of Two Bandits: Naxals And The Indian State -- Amit Varma. 17. The First Assault on Our Constitution — Episode 194 of The Seen and the Unseen (w Tripurdaman Singh). 18. Sixteen Stormy Days — Tripurdaman Singh. 19. The Narrow Corridor: How Nations Struggle for Liberty -- Daron Acemoglu and James Robinson. 20. Paul Graham's essays. 21. Malevolent Republic — Kapil Komireddi. 22. Who Broke Our Republic? — Episode 163 of The Seen and the Unseen (w Kapil Komireddi). 23. A New Idea of India -- Harsh Madhusudan and Rajeev Mantri. 24. In Service of the Republic — Vijay Kelkar & Ajay Shah. 25. The Art and Science of Economic Policy — Ep 154 of The Seen and the Unseen (w Vijay Kelkar & Ajay Shah). 26. The Transformative Constitution -- Gautam Bhatia. 27. The Great Repression — Chitranshul Sinha. 28. India's Sedition Law — Episode 146 of The Seen and the Unseen (w Chitranshul Sinha). 29. Georges Simenon on Amazon. 30. The Road to Serfdom — Friedrich Hayek. 31. Leviathan -- Thomas Hobbes. 32. India's Greatest Civil Servant — Episode 167 of The Seen and the Unseen (w Narayani Basu, on VP Menon). 33. Emergency Chronicles — Gyan Prakash. 34. Gyan Prakash on the Emergency — Episode 103 of The Seen and the Unseen. 35. Participatory Democracy — Episode 160 of The Seen and the Unseen (w Ashwin Mahesh). 36. Minimum government, maximum governance: A manifesto for a limited state -- Reuben Abraham and Vivek Dehejia. 37. We Are Fighting Two Disasters: Covid-19 and the Indian State -- Amit Varma. 38. India's Far From Free Markets (2005) -- Amit Varma in the Wall Street Journal. 39. India's Lost Decade — Episode 116 of The Seen and the Unseen (w Puja Mehra). 40. The Lost Decade — Puja Mehra. 41. The Great Redistribution — Amit Varma. 42. The Delhi Smog — Ep 40 of The Seen and the Unseen (w Vivek Kaul). 43. The Tragedy of Our Farm Bills — Episode 211 of The Seen and the Unseen (w Ajay Shah). 44. The Emergency: A Personal History — Coomi Kapoor. 45. Coomi Kapoor Has the Inside Track — Episode 305 of The Seen and the Unseen. 46. Memories of a Father -- TV Eachara Varier. 47. Flying Spaghetti Monster. 48. Don't Insult Pasta (2007) — Amit Varma. 49. Republic of Rhetoric: Free Speech and the Constitution of India -- Abhinav Chandrachud. 50. South India Would Like to Have a Word — Episode 320 of The Seen and the Unseen (w Nilakantan RS). 51. 21 Lessons for the 21st Century -- Yuval Noah Harari. 52. Rethinking Public Institutions in India -- Edited by Devesh Kapur, Pratap Bhanu Mehta and Milan Vaishnav. 53. Black Mirror on Netflix. Check out Amit's online course, The Art of Clear Writing. And subscribe to The India Uncut Newsletter. It's free! Episode art: ‘Cage' by Simahina.

Mint's Sashind Ningthoukhongjam speaks to Vivek Kaul, bestselling author of Bad Money-Inside the NPA Mess, and how it threatens the Indian banking System and the Easy Money trilogy. They talk about the rise of finfluencers, the implication it has on our personal savings, and what the regulator can do to curb the spread of bad financial advice floating in social media. You can read the article here- Finfluencers' earnings: Who bears the real cost? https://www.livemint.com/money/personal-finance/the-rise-of-finfluencers-how-social-media-personalities-are-changing-the-face-of-financial-advice-and-investment-11684173907021.html

He's a renowned economist, he's worked in the IMF, he's an Asia specialist and he loves India. Josh Felman joins Amit Varma in episode 321 of The Seen and the Unseen to talk about his life, his times, and all that he has learnt about economics and human beings. This episode is co-hosted by Ajay Shah. (FOR FULL LINKED SHOW NOTES, GO TO SEENUNSEEN.IN.) Also check out: 1. Josh Felman on Twitter, Project Syndicate, JH Consulting and The Marginal Economist. 2. Why India Can't Replace China -- Arvind Subramanian and Josh Felman. 3. Three Globalization Shocks Could Hurt China and Help India -- Arvind Subramanian and Josh Felman. 4. India's Size Illusion -- Arvind Subramanian and Josh Felman. 5. India's Stalled Rise --  Arvind Subramanian and Josh Felman. 6. Are Intellectuals Killing Convergence? -- Arvind Subramanian and Josh Felman. 7. The Art and Science of Economic Policy — Episode 154 of The Seen and the Unseen (w Vijay Kelkar & Ajay Shah) 8. In Service of the Republic — Vijay Kelkar & Ajay Shah.. 9. Episodes of The Seen and the Unseen with Ajay Shah: 1, 2, 3, 4, 5, 6, 7, 8. 10. The Importance of the 1991 Reforms — Episode 237 of The Seen and the Unseen (w Shruti Rajagopalan and Ajay Shah). 11. The Forgotten Greatness of PV Narasimha Rao — Episode 283 of The Seen and the Unseen (w Vinay Sitapati). 12. The Life and Times of Montek Singh Ahluwalia — Episode 285 of The Seen and the Unseen. 13. What a Long Strange Trip It's Been — Episode 188 of The Seen and the Unseen (w Arvind Subramanian). 14. India's Lost Decade — Episode 116 of The Seen and the Unseen (w Puja Mehra). 15. Demystifying GDP — Episode 130 of The Seen and the Unseen (w Rajeswari Sengupta). 16. Pandemonium in India's Banks — Episode 212 of The Seen and the Unseen (w Tamal Bandyopadhyay.) 17. The State of Our Economy (Nov 2021) -- Episode 252 of The Seen and the Unseen (w Puja Mehra and Mohit Satyanand.) 18. Taking Stock of Our Economy (May 2021) — Episode 227 of The Seen and the Unseen (w Ila Patnaik). 19. The Indian Economy in 2019 — Episode 153 of The Seen and the Unseen (w Vivek Kaul). 20. Two Economic Crises (2008 & 2019) — Episode 135 of The Seen and the Unseen (w Mohit Satynanand). 21. The Long Road From Neeyat to Neeti -- Episode 313 of The Seen and the Unseen (w Pranay Kotasthane and Raghu S Jaitley). 22. Rukmini Sees India's Multitudes — Episode 261 of The Seen and the Unseen (w Rukmini S). 23. The Importance of Data Journalism — Episode 196 of The Seen and the Unseen (w Rukmini S). 24. Pramit Bhattacharya Believes in Just One Ism — Episode 256 of The Seen and the Unseen. 25. Elite Imitation in Public Policy — Episode 180 of The Seen and the Unseen (w Shruti Rajagopalan and Alex Tabarrok). 26. Maya on IMDb and Wikipedia. 27. The Refreshing Audacity of Vinay Singhal — Episode 291 of The Seen and the Unseen. 28. Stage.in. 29. Why Smart People Believe Stupid Things -- Gurwinder. 30. The Fall of Rome and the End of Civilization --  Bryan Ward-Perkins. 31. Richard Clarida and Thomas Laubach. 32. Thomas Laubach remembered by Ila Patnaik and Ajay Shah. 33. Parkinson's Law — C Northcote Parkinson. 34. That Which is Seen, and That Which is Not Seen — Frédéric Bastiat. 35. A History of European Morals — WEH Lecky. 36. I, Pencil — Leonard Read. 37. SPQR: A History of Ancient Rome — Mary Beard. 38. Mussolini: A Biography — Dennis Mack Smith. 39. Mussolini — RJB Bosworth. 40. The Great Dictator — Charlie Chaplin. 41. The chair-raising scene between Adenoid Hynkel and Benzino Napaloni. 42. Far Far Away on IMDb and Wikipedia — Amos Why. Check out Amit's online course, The Art of Clear Writing. And subscribe to The India Uncut Newsletter. It's free! Episode art: ‘A Man, A Dog and the World' by Simahina.

In 1947, few people gave us 75 years. Bloody hell, here we are! And it is up to us now to make this country the best version of itself. Karthik Muralidharan joins Amit Varma in episode 290 of The Seen and the Unseen to discuss one of our problem areas: the Indian state. Can we fix it? Yes we can! (For full linked show notes, go to SeenUnseen.in.) Also check out: 1. Karthik Muralidharan on Twitter, LinkedIn, Google Scholar and UCSD. 2. Centre for Effective Governance of Indian States (CEGIS) 3. Fixing Indian Education -- Episode 185 of The Seen and the Unseen (w Karthik Muralidharan). 4. Understanding Indian Healthcare -- Episode 225 of The Seen and the Unseen (w Karthik Muralidharan). 5. General equilibrium effects of (improving) public employment programs: experimental evidence from India -- The paper on NREGA by Karthik Muralidharan, Paul Niehaus and Sandip Sukhtankar. 6. Kashmir and Article 370 -- Episode 134 of The Seen and the Unseen (w Srinath Raghavan). 7. The Citizenship Battles -- Episode 152 of The Seen and the Unseen (w Srinath Raghavan). 8. The Loneliness of the Indian Woman — Episode 259 of The Seen and the Unseen (w Shrayana Bhattacharya). 9. In Service of the Republic — Vijay Kelkar and Ajay Shah. 10. The Art and Science of Economic Policy — Episode 154 of The Seen and the Unseen (w Vijay Kelkar and Ajay Shah). 11. Pramit Bhattacharya Believes in Just One Ism -- Episode 256 of The Seen and the Unseen (w Pramit Bhattacharya). 12. The Paradox of Narendra Modi — Episode 102 of The Seen and the Unseen (w Shashi Tharoor). 13. The Life and Times of Montek Singh Ahluwalia -- Episode 285 of The Seen and the Unseen (w Montek Singh Ahluwalia). 14. Episodes of The Seen and the Unseen on the creator ecosystem with Roshan Abbas, Varun Duggirala, Neelesh Misra, Snehal Pradhan, Chuck Gopal, Nishant Jain, Deepak Shenoy and Abhijit Bhaduri. 15. The Case Against Sugar — Gary Taubes. 16. The Big Fat Surprise — Nina Teicholz. 17. The Forgotten Greatness of PV Narasimha Rao -- Episode 283 of The Seen and the Unseen (w Vinay Sitapati). 18. The Macroeconomist as Scientist and Engineer -- N Gregory Mankiw. 19. The Gated Republic -- Shankkar Aiyar. 20. Despite the State — M Rajshekhar. 21. The Power Broker— Robert Caro. 22. The Death and Life of Great American Cities — Jane Jacobs. 23. India's Security State -- Episode 242 of The Seen and the Unseen (w Josy Joseph). 24. We Are Fighting Two Disasters: Covid-19 and the Indian State -- Amit Varma. 25. India's Lost Decade — Episode 116 of The Seen and the Unseen (w Puja Mehra). 26. The Importance of the 1991 Reforms -- Episode 237 of The Seen and the Unseen (w Shruti Rajagopalan and Ajay Shah). 27. State Building: Governance and World Order in the 21st Century — Francis Fukuyama. 28. The Origins of Political Order — Francis Fukuyama. 29. Political Order and Political Decay — Francis Fukuyama. 30. Computer Nahi Monitor -- Episode 5 of season 1 of Panchayat. 31. Naushad Forbes Wants to Fix India -- Episode 282 of The Seen and the Unseen. 32. Courts Redux: Micro-Evidence from India -- Manaswini Rao. 33.  The Checklist Manifesto -- Atul Gawande. 34. Annie Hall -- Woody Allen. 35. The Politics Limerick -- Amit Varma. 36. The Decline of the Congress -- Episode 248 of The Seen and the Unseen (w Rahul Verma). 37. The Burden of Democracy -- Pratap Bhanu Mehta. 38. A Theory of Clientelistic Politics versus Programmatic Politics -- Pranab Bardhan and Dilip Mookherjee. 39. Power and Prosperity — Mancur Olson. 40. The Business of Winning Elections -- Episode 247 of The Seen and the Unseen (w Shivam Shankar Singh). 41. Premature load bearing: Evidence, Analysis, Action -- Matt Andrews, Lant Pritchett and Michael Woolcock. 42. A Meditation on Form — Amit Varma. 43. Religion and Ideology in Indian Society -- Episode 124 of The Seen and the Unseen (w Suyash Rai). 44. The Tragedy of Our Farm Bills -- Episode 211 of The Seen and the Unseen (w Ajay Shah). 45. India After Gandhi: The History of the World's Largest Democracy -- Ramachandra Guha. 46. Participatory Democracy -- Episode 160 of The Seen and the Unseen (w Ashwin Mahesh). 47. Cities and Citizens -- Episode 198 of The Seen and the Unseen (w Ashwin Mahesh). 48. Helping Others in the Fog of Pandemic -- Episode 226 of The Seen and the Unseen (w Ashwin Mahesh). 49. Aakar Patel Is Full of Hope -- Episode 270 of The Seen and the Unseen. 50. The Tamilian gentleman who took on the world -- Amit Varma on Viswanathan Anand. 51. Running to Stand Still -- U2. 52. Population Is Not a Problem, but Our Greatest Strength -- Amit Varma. 53. India's Founding Moment — Madhav Khosla. 54. The Ideas of Our Constitution -- Episode 164 of The Seen and the Unseen (w Madhav Khosla). 55. The Life and Times of Urvashi Butalia -- Episode 287 of The Seen and the Unseen. 56. Pitfalls of Participatory Programs -- Abhijit Banerjee, Rukmini Banerji, Esther Duflo, Rachel Glennerster and Stuti Khemani. 57. Our Parliament and Our Democracy -- Episode 253 of The Seen and the Unseen (w MR Madhavan). 58. Elite Imitation in Public Policy -- Episode 180 of The Seen and the Unseen (w Shruti Rajagopalan and Alex Tabarrok). 59. Urban Governance in India -- Episode 31 of The Seen and the Unseen (w Shruti Rajagopalan). 60. The Life and Times of Abhinandan Sekhri -- Episode 254 of The Seen and the Unseen (w Abhinandan Sekhri). 61. The Tiebout Model. 62. Every Act of Government Is an Act of Violence -- Amit Varma. 63. Taxes Should Be Used for Governance, Not Politics -- Amit Varma. 64. The Effects of Democratization on Public Goods and Redistribution: Evidence from China -- Nancy Qian, Gerard Padró i Miquel, Monica Martinez-Bravo and Yang Yao. 65. Sneaky Artist Sees the World -- Episode 260 of The Seen and the Unseen (w Nishant Jain). 66. Science and Covid-19 -- Episode 221 of The Seen and the Unseen (w Anirban Mahapatra). 66. Centrally Sponsored Government Schemes -- Episode 17 of The Seen and the Unseen (w Pranay Kotasthane.). 67. India's states can be laboratories for policy innovation and reform -- Karthik Muralidharan. 68. Clientelism in Indian Villages -- Siwan Anderson, Patrick Francois, and Ashok Kotwal. 69. Patching Development -- Rajesh Veeraraghavan. 70. Opportunity, Choice and the IPL (2008) — Amit Varma. 71. The IPL is Here and Here Are Six Reasons to Celebrate It (2019) — Amit Varma. 72. Climate Change and Our Power Sector -- Episode 278 of The Seen and the Unseen (w Akshay Jaitley and Ajay Shah). 73. The Delhi Smog -- Episode 44 of The Seen and the Unseen (w Vivek Kaul). 74. The Life and Times of Nilanjana Roy -- Episode 284 of The Seen and the Unseen. 75. The Life and Times of Nirupama Rao -- Episode 269 of The Seen and the Unseen. 76. The Life and Times of Mrinal Pande -- Episode 263 of The Seen and the Unseen. 77. Objects Speak to Annapurna Garimella -- Episode 257 of The Seen and the Unseen. 78. Letters for a Nation: From Jawaharlal Nehru to His Chief Ministers 1947-1963 -- Edited by Madhav Khosla. 79. To Raise a Fallen People -- Rahul Sagar. 80. The Progressive Maharaja -- Rahul Sagar. 81. India = Migration -- Episode 128 of The Seen and the Unseen (w Chinmay Tumbe). 82. India: A Sacred Geography -- Diana Eck. 83. Unlikely is Inevitable — Amit Varma. 84. The Law of Truly Large Numbers. 85. Political Ideology in India -- Episode 131 of The Seen and the Unseen (w Rahul Verma). Check out Amit's online course, The Art of Clear Writing. And subscribe to The India Uncut Newsletter. It's free! The illustration for this episode is by Nishant Jain aka Sneaky Artist. Check out his podcast, Twitter, Instagram and Substack.

Vivek Kaul is an economist like no other. When he talks about India's economy and its challenges, it makes sense. That's what we talk about this week. Above all, we talk about his biggest concern, and his focus on asset allocation.

India is in bad shape. Bad economics is one reason why. Economists Rajeswari Sengupta and Shrayana Bhattacharya join Amit Varma in episode 274 of The Seen and the Unseen to take stock of the mess. You don't like dissent? Too bad. We're Bongs, and you cannot shut us up. Also check out: 1. Shrayana Bhattacharya on Twitter, Instagram and Google Scholar. 2. Rajeswari Sengupta on Google Scholar and her own site. 3. Demystifying GDP -- Episode 130 of The Seen and the Unseen (w Rajeswari Sengupta). 4. Twelve Dream Reforms -- Episode 138 of The Seen and the Unseen (w Shruti Rajagopalan, Rajeswari Sengupta & Vivek Kaul). 5. The Loneliness of the Indian Woman -- Episode 259 of The Seen and the Unseen (w Shrayana Bhattacharya). 6. Desperately Seeking Shah Rukh -- Shrayana Bhattacharya. 7. The Importance of the 1991 Reforms — Episode 237 of The Seen and the Unseen (w Shruti Rajagopalan and Ajay Shah). 8. India's Lost Decade — Episode 116 of The Seen and the Unseen (w Puja Mehra). 9. The Lost Decade — Puja Mehra. 10. The Art and Science of Economic Policy — Episode 154 of The Seen and the Unseen (w Vijay Kelkar & Ajay Shah). 11. Rukmini Sees India's Multitudes -- Episode 261 of The Seen and the Unseen (w Rukmini S). 12. The State of Our Economy (Nov 2021) -- Episode 252 of The Seen and the Unseen (w Puja Mehra and Mohit Satyanand.) 13. Taking Stock of Our Economy (May 2021) — Episode 227 of The Seen and the Unseen (w Ila Patnaik). 14. Two Economic Crises (2008 & 2019) — Episode 135 of The Seen and the Unseen (w Mohit Satynanand). 15. The Indian Economy in 2019 — Episode 153 of The Seen and the Unseen (w Vivek Kaul). 16. Episodes of The Seen and the Unseen with Ajay Shah (in reverse chronological order): 1, 2, 3, 4, 5, 6, 7. 17. Everything That Was Broken -- Mary Oliver (from Felicity). 18. I Boiled My Buttocks for a Week -- Amit Varma on how we normalize everything. 19. Dekalog -- Krzysztof Kieślowski. 20. What the Economy Needs Now -- Various authors. 21. Beware of the Useful Idiots -- Amit Varma. 22. Episodes of The Seen and the Unseen on the creator ecosystem with Roshan Abbas, Varun Duggirala, Neelesh Misra, Snehal Pradhan, Chuck Gopal, Nishant Jain and Deepak Shenoy. 23. The Anti-Defection Law — Episode 13 of The Seen and the Unseen (w Barun Mitra). 24. Our Parliament and Our Democracy -- Episode 253 of The Seen and the Unseen (w MR Madhavan). 25. Urban Governance in India -- Episode 31 of The Seen and the Unseen (w Shruti Rajagopalan). 26. Emergent Ventures. 27. India's Problem is Poverty, Not Inequality -- Amit Varma. 28. On Inequality -- Harry Frankfurt. 29. We Must Save Our Farmers — Amit Varma. 30. Episodes of The Seen and the Unseen on agriculture (in reverse chronological order): 1, 2, 3, 4, 5, 6, 7, 8. 31. Intent to Implementation : Tracking India's Social Protection Response to COVID-19 -- Shrayana Bhattacharya and Sutirtha Sinha Roy. 32. On the Internet, nobody knows you're a dog. 33. Modi's Lost Opportunity — Episode 119 of The Seen and the Unseen (w Salman Soz). 34. Most of Amit Varma's writing on DeMon, collected in one Twitter thread. 35. What a Long Strange Trip It's Been — Episode 188 of The Seen and the Unseen (w Arvind Subramanian). 36. The Median Voter Theorem. 37. The 'bloated and grotesque' tweet by @mrjohndarby. 38. ASER, CMIE and SWAN. 39. The Billion Prices Project. 40. Pramit Bhattacharya Believes in Just One Ism — Episode 256 of The Seen and the Unseen. 41. In Bollywood, women get screen time but very little talk time -- Mohua Das. 42. A Woman, Thinking -- Paromita Vohra. 43. Lost in the Shallows -- Amit Varma on Dear Zindagi. 44. The Life and Times of Mrinal Pande -- Episode 263 of The Seen and the Unseen. 45. Mrinal Pande's pieces for Pragati on women in Indian agriculture: 1, 2. This episode is sponsored by CTQ Compounds. Check out The Daily Reader and FutureStack. Use the code UNSEEN for Rs 2500 off. Check out Amit's online course, The Art of Clear Writing. And subscribe to The India Uncut Newsletter. It's free!

Global Policy Watch: Who’s Afraid Of Stakeholder Capitalism?Insights on global issues of the day- RSJSometime in late 2019, Alan Jope, chief executive of Unilever, the global food and cosmetics giant, declared that brands without an evangelical purpose of contributing to society will soon face extinction. As the Guardian reported then:Alan Jope, Unilever’s chief executive, said it was no longer enough for consumer goods companies to sell washing powders that make shirts whiter or shampoos that make hair shinier because consumers wanted to buy brands that have a “purpose” too.“Can these brands figure out how to make society or the planet better in a way that lasts for decades?” said Jope, outlining the company’s thinking. Unilever is not working to a set timetable but Jope, who took over from Paul Polman in January, said it was possible that a brand or even whole product category “is not going to be able to find its purpose”.His comments raised the possibility of the company selling off profitable brands, potentially hurting the bottom line, but Jope said: “Principles are only principles if they cost you something.”This looked good. I mean we all want businesses to have more social responsibility. Here was a CEO willing to take a long view of what’s good for society and let go of short-term gains. How are things going for Alan Jope now? Well, here’s Nils Prately writing in the Guardian last week:Unilever is frustrating its shareholders. Last year’s stock market “rally in everything” bypassed the consumer goods giant entirely. The shares fell by a tenth and, at £39.42, stand roughly at their level of five years ago, soon after the group adopted a supposedly energising cost-cutting and deal-making overhaul in response to its close encounter with Kraft Heinz’s financial engineers. Perhaps, the most entertaining rebuke came from fund manager Terry Smith:“Unilever seems to be labouring under the weight of a management which is obsessed with publicly displaying sustainability credentials at the expense of focusing on the fundamentals of the business.A company which feels it has to define the purpose of Hellmann’s mayonnaise has in our view clearly lost the plot. The Hellmann’s brand has existed since 1913 so we would guess that by now consumers have figured out its purpose (spoiler alert – salads and sandwiches).”Heh!But this isn’t an isolated instance of a corporation grandstanding on contribution to society as its purpose. And a lot of it is driven by other shareholders who value it more than, say, Terry Smith above. For instance, Blackrock, the world’s biggest investment manager, that owns like seven percent of every public company out there, has made ESG (environmental, social and governance) metrics a priority for their investment decisions. Over the last few years, Larry Fink, the chief executive of Blackrock, has emerged as the most influential voice on the role of business in driving the sustainability agenda. This has meant Blackrock cutting back its investments in enterprises that are seen to be bad for environment and sustainability. But this has not been without a backlash. The Republicans and their supporters see this another sign of ‘wokeism’ dominating business agenda. The more left leaning wing of Democratic party feel this is all lip service and Blackrock is not doing enough to push sustainability. There’s also the usual chorus about should it be elected lawmakers who must drive this or an unelected powerful businessman regardless of their good intentions? Plus, there’s been the usual unintended consequences. The throttling of investments into thousands of firms that have business models that still leech off environment while being hugely profitable has increased the spreads on their bonds giving an opportunity to other investors to profit. Also, with so much investments going into ESG, some sort of a ‘green asset bubble’ has been formed with businesses of all stripes positioning themselves as green and sustainable to free ride into billion-dollar valuations. These things usually end up badly for everyone. So, in his latest annual letter to CEOs titled ‘The Power of Capitalism’, Larry Fink seems to suggest he’s moderating things a bit. He starts off in the usual fashion defending the focus on stakeholder capitalism (i.e., thinking beyond shareholder profits):Stakeholder capitalism is not about politics. It is not a social or ideological agenda. It is not “woke.” It is capitalism, driven by mutually beneficial relationships between you and the employees, customers, suppliers, and communities your company relies on to prosper. This is the power of capitalism. He continues with his call for net-zero goals and finding a purpose beyond profits but there’s a subtle shift in tone:In today’s globally interconnected world, a company must create value for and be valued by its full range of stakeholders in order to deliver long-term value for its shareholders. It is through effective stakeholder capitalism that capital is efficiently allocated, companies achieve durable profitability, and value is created and sustained over the long-term. Make no mistake, the fair pursuit of profit is still what animates markets; and long-term profitability is the measure by which markets will ultimately determine your company’s success.Purpose Of CapitalWe talk about the role of capital often here. What purpose must it serve in society? How should policies be drafted to channel it for all round, sustainable progress? These aren’t new questions. Adam Smith mulled over it. Marx wrote a whole book thinking about it in ways that were original and revolutionary. That they were fundamentally unsound is a different thing. Unpaid labour is not the source of surplus value in capitalism, like he thought. There was a pause in thinking about capital in a deeper way during the first half of the 20th century. The two world wars and the great depression created the field of macroeconomics that concerned itself with questions of managing the national economy. The early Austrian school economists went the other way in thinking about the micro - a rational individual, her utility from a product or a service and her actions to maximise it. While economic thought about the nature of a firm was around during that time, most notably in the works of Ronald Coase, it wasn’t mainstream. Only in the 60s when American capitalism produced a boom rarely seen before in history did economists turn their attention to the nature of wealth creation in society and its purpose. Of course, the most famous of the economists among them was Milton Friedman. We have written about Friedman before. After a lot of soul searching, Friedman concluded:“But the doctrine of “social responsibility” taken seriously would extend the scope of the political mechanism to every human activity. It does not differ in philosophy from the most explicitly collectivist doctrine. It differs only by professing to believe that collectivist ends can be attained without collectivist means. That is why, in my book “Capitalism and Freedom,” I have called it a “fundamentally subversive doctrine” in a free society, and have said that in such a society, there is one and only one social responsibility of business—to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception fraud.”   The role of any business is to maximize shareholder value in a legal way. That’s it. Everything else can be counted as good intentions but will have unanticipated consequences. Shareholder value maximisation, on the other hand, checks all the boxes of a good metric for three reasons.A simple and measurable metric: The shareholder value maximisation goal is easy to set and monitor. It helps that there is a common understanding of the metric. The alternatives are amorphous. It is difficult to understand what does maximising societal value entail, for instance. Who will define what society wants? Are societal objectives of India and the US similar?Rewarding the risk-takers: The shareholders invest risk capital in an enterprise. This willingness to take risk is what leads entrepreneurs to build new products, satisfy the consumers and create new jobs. The shareholders deserve the pursuit of maximum return by the firms for this risk they undertake. It is up to them what they do with these returns. They can invest it in newer enterprises or use it to improve society as they deem fit. The management or anyone else should have no claim on how to invest the returns that belong to the shareholders.Shareholders are the residual claimants: Everyone who contributes to the value creation of an enterprise – the employees, the management team and the customers – get their fixed claim on the value through compensation for their efforts, stock options and the value derived from the products or services offered by the enterprise. Whatever is left is for the shareholder. Only when these fixed claimants are served well, the value for the residual claimant (the shareholder) is maximised. So, the pursuit of shareholder value will by itself serve the other stakeholders well.Doing One Thing WellThe Global Financial Crisis (GFC) wasn’t good for the Friedman doctrine. The massive ‘financialisation’ of business, the loosely regulated nature of financial markets which allowed for the excesses and the bailouts which saved those who had brought about the crisis were seen to be a product of Friedman’s profit maximisation philosophy. Since then controlling free markets and unbridled capitalism as ideas have found favour in most capitalistic societies. More so among the young. And in the last few years, we have had ESG added into the mix. Corporations are now supposed to do things that will serve the interest of the environment and sustainability in the long run. It sounds good and who can argue with it. But like all good intentions, it is hard to implement and runs the risk of doing just the opposite. One, beyond profit maximisation, the shareholders will have heterogenous objectives and time horizons for their investment. The definition of what’s good for humanity will be amorphous among them. Should a company increase its costs of production by adopting ‘green’ practices and make losses in the next five years in the hope that it will eventually make more profits in the long run because of this shift? Will all shareholders reward the management for this? Seems quite unlikely. Some shareholders will have shorter time horizons. Others will disagree on what’s truly ‘green’ and a few might even ask if climate change is for real. Two, the management which is the agent of the shareholders running the business has an incentive to have shareholders with ambiguous objectives. The classic management defence for short-term underperformance is we are building things for the long run. Nothing is more long-run than saving the earth seen from the perspective of the management annual performance cycle. The more ESG pressure that shareholders bring about on the management, the easier it is for them to include the long-term indeterminate objective of saving the earth in explaining their decisions and performance. There is already a danger that a lot of management teams have embraced this notion of purpose (like for mayonnaise) for performative reasons. They know talking ESG is good for the stock in the short term. Or, there is an incentive to explain away their lack of near-term performance to the pivot of being ESG friendly. Neither is good for society.Three, the core management problem in an enterprise is how to allocate capital among the many competing priorities in an enterprise. This is a prioritisation problem that takes a lot of skills to get right - understanding the financial returns of different products and markets, anticipation trends in consumer behaviour, figuring out competitors and regulatory environment. Managers spend their careers learning to get this right. Most fail in the long run which is why corporate mortality is so high - maybe 10 companies or fewer have survived among the top 100 U.S. enterprises from about 50 years ago. Now to burden them with a variable that’s not just difficult to quantify or predict but also is freighted with political and personal beliefs will only make decision making more difficult. More likely than not they will get it wrong. It is for these reasons Friedman’s doctrine remains the most elegant and practical way for firms to pursue its objectives that deliver the most value to society. For Friedman, enterprises in a competitive market pursuing shareholder maximisation will do well for society. The policymakers should work on frameworks that create the right incentives for shareholders and the management to do so while serving the long-term interests of the society. The management then works within it. It isn’t for the management or for the shareholders to optimise for objectives beyond that. The shareholders can take those returns and do what they believe is best for the society based on their beliefs. Somewhere in that Fink annual letter is a muted acceptance of this idea. PolicyWTF: One Person, One Hand BagThis section looks at egregious public policies. Policies that make you go: WTF, Did that really happen? - RSJ This caught my attention yesterday (from the Business Standard). Yes, there’s a guideline to enforce one handbag rule as cabin baggage in flights. In a memo, BCAS (Bureau of Civil Airport Security - who knew there was this too?) said: “It has been seen that an average passenger carries 2-3 hand bags to the screening point. This has led to increased clearance time as well as delays, congestion and inconvenience to passengers. It is, therefore, felt that enforcement of the aforesaid circulars must be ensured by all stakeholders,” it added. Like those hold-all bags my family used to carry during rail travel in three-tier compartments, there’s a lot to unpack here. Congestion has been a problem for long in Indian airports. In fact, the pandemic has meant lower congestion than usual. So, how did this problem and this solution present itself to the Bureau? Here’s the answer from the same report:People aware of the development said a few parliamentarians had complained to Civil Aviation Minister Jyotiraditya Scindia regarding congestion at security checks. Following that, the regulator was asked to implement steps to ease congestion.“We had a meeting with the representatives of airlines and have told them to impose the rule. It takes more time to clear multiple bags,” the security agency said. Ah! Few parliamentarians complained. I’m unsure if they were held up because of congestion because there’s usually a separate VIP channel in all Indian airports. Maybe the number of VIPs have proliferated to such an extent now that there’s congestion in that queue too. It ain’t easy to be a VIP these days. Anyway, the solution that we have come up is two-fold. Quoting the report again:“All airlines and airport operators may be instructed to take steps to implement ‘One Hand Bag rule’ meticulously on ground to ease out the congestion and other security concerns. Airlines may be made responsible and depute staff to guide passengers and check and verify their hand bag status before allowing the passenger for pre-embarkation security checks, “ the memo added.And the second solution:Besides, airlines were also asked to change flight timings so that too many flights don’t arrive or depart around the same time to prevent overcrowding at airports. However, the idea was dropped after airlines opposed this saying changing flight timings in between an ongoing schedule will not leave flexibility and force them to cancel flights, leading to chaos.Thankfully, the second solution was dropped. On to the first solution about enforcing the one-bag rule strictly. So, what will people do? They will be forced to check in their luggage to comply with this. And that will mean the baggage check-in queues will be congested which takes even more time than the security check queue. This is the Indian flyover solution. Build a flyover to solve for congestion and soon realise the congestion hasn’t eased. It has only moved to another location. What about the real solutions? Like thinking about better queue management processes, figuring out queuing patterns during different hours of the day and week based on data and planning capacity to manage the peaks or increasing the capacity for security checks - there’s not a word on these.It is a chhota story. But it has everything that you need to know about public policy in India. India Policy Watch: The Problem with ProtectionismInsights on burning policy issues in India— Pranay KotasthanePolicy success, like beauty, lies in the eyes of the beholder. One such policy success that’s been talked about a lot of late is the increase in mobile phone production in India. The narrative underlying the success is that through a prudent mix of protectionism and industrial policy instruments, India has been able to reduce its mobile phone dependence on other countries, particularly China. This deemed policy success is now being seen as the playbook for many other manufacturing sectors such as electric vehicles and pharmaceuticals. For instance, see this excerpt from Nilesh Shah and Pankaj Tibrewal’s article titled The mobile phone sector has lessons for India’s economy:“We were one of the largest consumers of mobile phones in 2014. In 2014-15, our mobile phone imports exceeded $8 billion. Our electronics imports were threatening to exceed our oil imports. The government took many steps like 100 per cent automatic FDI, levy of import duties to protect local manufacturers, the Phased Manufacturing Plan (PMP), manufacturing clusters (EMC 2.0) and the Production Linked Incentive (PLI) scheme. Despite some execution challenges on the ground, these steps have developed our mobile phone manufacturing base. They have attracted investments, created lakhs of jobs, and have moved us from being a net importer to a net exporter.Our mobile phone manufacturing value has jumped more than eight times from Rs 0.27 trillion in 2013-14 to Rs 2.2 trillion in 2020-21. Samsung runs the world’s single-largest location mobile handset manufacturing plant in Uttar Pradesh. We have surpassed the US and South Korea to become the second-largest manufacturer globally.” [Indian Express, Jan 20] Impressive, isn’t it? By now, you already know there’s going to be a “but” somewhere. So here it is.Judging a policy based only on the benefits it brings is possibly the most common mistake in policy discussions. To understand the complete picture, we also need to analyse the costs.What about the Costs?Of the policy instruments used, allowing 100 per cent FDI through the automatic route is an unequivocally positive step. And we have dealt at length with the promise and perils of the mushrooming PLI schemes in editions 86, 118, and 153.In this edition, we will limit the discussion to the third instrument in the armour: increasing import tariffs. The modus operandi seems to be somewhat like this. Through the Phased Manufacturing Program (PMP), the government increases import duties on final consumer products such as mobiles, chargers etc. This leads to import substitution because products assembled in India (even with imported parts) start to become cost-comparable to the duty-levied imports. Every year, the government keeps adding new products to this PMP list, with the objective of increasing the number of final goods that are assembled in India. The final aim and hope is that these assembly units will become the nuclei for a complete manufacturing ecosystem over time. No, the costs of this strategy are being borne by two sets of Indians. The first losers are all consumers. Higher import duties mean that mobile phone prices have been increasing. The absolute increase isn’t alarming at first sight, to be frank. But electronics prices commonly fall sharply with improving technology, and that has certainly not happened for phones over the last five years. Vivek Kaul has explained the cascading effect of this price rise here:When an individual spends more on something, she cuts down on expenditure in some other area. Given this, if one business benefits due to protectionism, another business or other businesses, lose out in the process. It’s just that this is not so obvious in the first place and hence, is the unseen effect of protectionism.Second, the Indian manufacturers themselves have been under the pump because of rising tariffs for mobile phone parts. The lure of protectionism is such that it quickly spreads from final products to intermediate inputs. Soon, it was felt that not just mobile phone makers but domestic manufacturers of camera modules and connectors should also be ‘protected’. The result — not surprisingly — the import duties are now negating all the benefits provided under the PLI schemes. Manufacturers are still unable to compete in export markets because the parts they import have become costlier. A recent comparative study analysing import tariff regimes of India, Thailand, Vietnam, China, and Mexico puts this well.The main difference in their policy approach is the tariff policy of India compared to others. India has relied heavily on higher tariffs whereas other countries have not done so. Higher tariffs orient the approach of investors and domestic producers away from global markets and towards the domestic market. Notably the exports for India compared with others have remained low as has been examined in this report.This is a crucial point. While the various incentives and protectionism has been successful to the extent that imports of phones have reduced, we are still far away from becoming a competitive exporter. Have a look at this chart I made from government data on mobile exports.As you can see, India’s mobile phone exports fell sharply from FY15 to FY18 with increasing tariffs. Though exports in absolute terms have picked up in the last three years, mobile phones as a share of India’s total exports is still below what was achieved way back in FY09! Going ahead, India’s domestic market alone (projected to be 8.8% of the global market in FY26) is insufficient to attract more manufacturing here. The ability to competitively export will be a key determinant of policy success going ahead. And for exports to rise, imports tariffs must be brought down.In sum, before copying the mobile phone policy success playbook in other sectors, we must remember that the burden of protectionist policies is borne by the consumers and eventually the manufacturers, both. Protectionism can play spoilsport in India’s hopes of exporting its electric vehicles and mobile phones to the world.HomeWorkReading and listening recommendations on public policy matters[Podcast] An insightful episode of All Things Policy with MR Sharan on his new book Last Among Equals: Power, Caste & Politics in Bihar’s Villages[Report] An excellent comparative study on tariffs in electronics by ICEA. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit publicpolicy.substack.com

Winter is here.The pandemic has receded, but our economy was already in bad shape before Covid struck, which made it plummet further. Where do we stand now? Can we recover? Puja Mehra and Mohit Satyanand join Amit Varma in episode 252 of The Seen and the Unseen to take stock. Also check out: 1. The Lost Decade -- Puja Mehra. 2. Gimme Mo -- Mohit Satyanand's newsletter. 3. India's Lost Decade -- Episode 116 of The Seen and the Unseen (w Puja Mehra). 4. This is All Because of Rupal Ben -- Episode 5 of The Seen and the Unseen (w Mohit Satyanand.) 5. Poker and Stock Markets -- Episode 47 of The Seen and the Unseen (w Mohit Satyanand). 6. Two Economic Crises (2008 & 2019) -- Episode 135 of The Seen and the Unseen (w Mohit Satynanand). 7. India's Start-Up Ecosystem -- Episode 171 of The Seen and the Unseen (w Mohit Satyanand). 8. The Tragedy of Our Farm Bills -- Episode 211 of The Seen and the Unseen (w Ajay Shah). 9. Episodes of The Seen and the Unseen on agriculture (in reverse chronological order): 1, 2, 3, 4, 5, 6, 7, 8. 10. Previous episodes of The Seen and the Unseen on Covid-19: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13. 11. The Importance of the 1991 Reforms -- Episode 237 of The Seen and the Unseen (w Shruti Rajagopalan). 12. Taking Stock of Our Economy (May 2021) -- Episode 227 of The Seen and the Unseen (w Ila Patnaik). 13. The Indian Economy in 2019 — Episode 153 of The Seen and the Unseen (w Vivek Kaul). 14. Demystifying GDP -- Episode 130 of The Seen and the Unseen (w Rajeswari Sengupta). 15. The Art and Science of Economic Policy — Episode 154 of The Seen and the Unseen (w Vijay Kelkar & Ajay Shah). 16. In Service of the Republic — Vijay Kelkar and Ajay Shah. 17. The City and the City -- China Miéville. 18. The Gell-Mann Amnesia Effect. 19. On Bullshit -- Harry Frankfurt. 20. India: Redeeming the Economic Pledge -- Bibek Debroy. 21. The Anti-Defection Law -- Episode 13 of The Seen and the Unseen (w Barun Mitra). 22. The Business of Winning Elections -- Episode 247 of The Seen and the Unseen (w Shivam Shankar Singh). 23. We Are Fighting Two Disasters: Covid-19 and the Indian State -- Amit Varma. 24. Pandemonium in India's Banks -- Episode 212 of The Seen and the Unseen (w Tamal Bandyopadhyay.) 25. Goodbye Solo -- Ramin Bahrani. 26. The desire to help, and the desire not to be helped -- Roger Ebert's review of Goodbye Solo. 27. India's Problem is Poverty, Not Inequality -- Amit Varma. 28. Fooled by Randomness -- Nassim Nicholas Taleb. 29. Women at Work -- Episode 132 of The Seen and the Unseen (w Namita Bhandare). 30. Kashi Ka Assi -- Kashinath Singh. 31. The Dharma Forest -- Keerthik Sasidharan. 32. The Better Angels of Our Nature -- Steven Pinker. 33. The Blank Slate -- Steven Pinker. This episode is sponsored by Intel. Please subscribe to The India Uncut Newsletter. It's free! And check out Amit's online course, The Art of Clear Writing.

This week on NL Hafta, Abhinandan Sekhri, Raman Kirpal and Manisha Pande are joined by Subir Bhaumik, former correspondent with BBC and Reuters, and Vivek Kaul, journalist and economics commentator. Starting with the violence in Tripura, Subir offers some background and explains the roles of social media and the state police. “Tripura's clashes have never been communal,” he says. “It's the regional differences that initiate such issues. But this time, it's clearly Hindu-Muslim...Fake news and misinformation is the core reason of any such riot in Tripura.”To listen to the full episode, subscribe to Newslaundry. See acast.com/privacy for privacy and opt-out information.

In this episode, Mint's Shipra spoke to Vivek Kaul, author of the Easy Money trilogy, about the many motives of investing in real estate and why investing for emotional and financial reasons may not make financial sense for most investors.

In this episode of the Why Not Mint Money podcast, Mint's Navneet Dubey speaks to Vivek Kaul as he shares everything about life insurance and its latest products.

In this episode of the Why Not Mint Money podcast, Vivek Kaul, author of the Easy Money trilogy, speaks to Mint's Namrata Patel about mutual funds and what you can learn about investing from Baba Sehgal's rap.

In this episode of the Why Not Mint Money podcast, Vivek Kaul, author of the Easy Money trilogy, speaks to Mint's Neil Borate about how personal finance can be understood in 87 words.

This week on NL Hafta, Abhinandan Sekhri, Manisha Pande and Mehraj D Lone of Newslaundry are joined by Vivek Kaul, author and journalist. Vivek discusses his NL Sena investigation on India's Covid data, pointing to inefficient health systems and the suspiciously low positive case rates in states such as Uttar Pradesh. To listen to the full episode, subscribe to Newslaundry. See acast.com/privacy for privacy and opt-out information.

Public policy may seem like a dull subject fit only for wonks, but it matters: our lives are deeply affected by what our governments do. Pranay Kotasthane joins Amit Varma in episode 233 of The Seen and the Unseen to chat about his intellectual journey, his private beach and why public policy can be so stimulating. He also answers racy questions from the Twitterverse. If you share Pranay's interest in public policy, you should check out Takshashila's Graduate Certificate in Public Policy (GCPP). Also check out: 1. Anticipating the Unintended -- Pranay Kotasthane's newsletter (with RSJ). 2. Puliyabaazi -- Pranay Kotasthane's podcast (with Saurabh Chandra). 3. Foreign Policy is a Big Deal -- Episode 170 of The Seen and the Unseen (w Pranay Kotasthane & Manoj Kewalramani). 4. Radically Networked Societies -- Episode 158 of The Seen and the Unseen (w Pranay Kotasthane). 5. Older episodes of The Seen and the Unseen w Pranay Kotasthane: 1, 2, 3, 4, 5, 6. 6. Raghu Sanjaylal Jaitley's Father's Scooter -- Episode 214 of The Seen and the Unseen (w Raghu Sanjaylal Jaitley). 7. ये लिबरल आख़िर है कौन? -- Episode 37 of Puliyabaazi (w Amit Varma). 8. Amit Varma's tweet thread soliciting questions for this episode. 9. Examples of Pranay Kotasthane's Mind Maps of books: 1, 2, 3. 10. Coggle. 11. The Lessons of History -- Will Durant. 12. Raj Comics. 13. The China Dude Is in the House -- Episode 231 of The Seen and the Unseen (w Manoj Kewalramani). 14. A Case For Societism -- Pranay Kotasthane. 15. Pranay Kotasthane's Manthan talk on societism. 16. The Indian Dream Podcast episode with Amit Varma. 17. 8 things to unlearn before learning public policy -- Pranay Kotasthane. 18. The Double 'Thank-You' Moment -- John Stossel. 19.  Opportunity Cost Neglect in Public Policy -- Emil Persson and Gustav Tinghög. 20. Whose Money is it Anyway? -- Amit Varma. 21. The 4 Ways to Spend Money -- Milton Friedman. 22. Discover Your Inner Economist -- Tyler Cowen. 23. In Service of the Republic — Vijay Kelkar & Ajay Shah. 24. The Art and Science of Economic Policy -- Episode 154 of The Seen and the Unseen (w Vijay Kelkar and Ajay Shah). 25. Amit Varma's prescient 2017 tweet on the price caps on stents. 26. Episodes of the Seen and the Unseen on GST with Devangshu Datta, Vivek Kaul and Shruti Rajagopalan. 26. Most of Amit Varma's writing on DeMon, collected in one Twitter thread. 27. Narendra Modi Takes a Great Leap Backwards — Amit Varma 28. Episodes of The Seen and the Unseen on Demonetisation with Suyash Rai and Shruti Rajagopalan. 29. The Delhi Smog -- Episode 44 of The Seen and the Unseen (w Vivek Kaul). 30. Bootleggers and Baptists-The Education of a Regulatory Economist -- Bruce Yandle. 31. Pigs Don't Fly: The Economic Way of Thinking about Politics -- Russell Roberts. 32. Raees: An Empty Shell of a Gangster Film -- Amit Varma. 33. Shubhra Gupta's review about which Tapsee Pannu kicked up such a fuss. 34. The Tragedy of Our Farm Bills -- Episode 211 of The Seen and the Unseen (w Ajay Shah). 35. Wilson's Interest Group Matrix -- Charles Cameron from The Political Analyst's Toolkit. 36. Government's End: Why Washington Stopped Working -- Jonathan Rauch. 37. The Great Redistribution -- Amit Varma. 38. Behave -- Robert Sapolsky. 39. Robert Sapolsky's lectures on YouTube. 40. Elite Imitation in Public Policy -- Episode 180 of The Seen and the Unseen (w Shruti Rajagopalan & Alex Tabarrok). 41. Taxes Should Be Used for Governance, Not Politics -- Amit Varma. 42. Every Act of Government Is an Act of Violence -- Amit Varma. 43. The First Assault on Our Constitution -- Episode 194 of The Seen and the Unseen (w Tripurdaman Singh). 44. The Emergency -- Episode 103 of The Seen and the Unseen (w Gyan Prakash). 45. How the BJP Wins -- Prashant Jha. 46. The BJP's Magic Formula -- Episode 45 of The Seen and the Unseen (w Prashant Jha). 47. Participatory Democracy — Episode 160 of The Seen and the Unseen (w Ashwin Mahesh). 48. Other episodes of The Seen and the Unseen with Ashwin Mahesh: 1, 2. 49. Understanding India Through Its Languages -- Episode 232 of The Seen and the Unseen (w Peggy Mohan). 50. The Indianness of Indian Food — Episode 95 of The Seen and the Unseen (w Vikram Doctor). 51. Governing the Commons -- Elinor Ostrom. 52. Public Choice Theory -- Episode 121 of The Seen and the Unseen. 53. Fixing Indian Education -- Episode 185 of The Seen and the Unseen (w Karthik Muralidharan). 54. Education in India -- Episode 77 of The Seen and the Unseen (w Amit Chandra). 55. The Economics and Politics of Vaccines -- Episode 223 of The Seen and the Unseen (w Ajay Shah). 56. The Indian Conservative -- Episode 145 of The Seen and the Unseen (w Jaithirth Rao). 57. How to Build an Economic Model in Your Spare Time -- Hal Varian. 58. A Scientist in the Kitchen -- Episode 204 of The Seen and the Unseen (w Krish Ashok). 59. Modeling Covid-19 -- Episode 224 of The Seen and the Unseen (w Gautam Menon). 60. Narratives on Exchange Rates in India -- Pranay Kotasthane. 61. Taking Stock of Our Economy -- Episode 227 of The Seen and the Unseen (w Ila Patnaik). 62. The Power Broker -- Robert Caro. 63. The Death and Life of Great American Cities -- Jane Jacobs. 64. Lessons from an Ankhon Dekhi Prime Minister -- Amit Varma (on the importance of reading). 65. Selling Solutions vs Solving Problems -- Lant Pritchett. 66. Policy Paradox -- Deborah Stone. 67. The Mahatma and the Poet -- The Tagore-Gandhi debates. 68. Factfulness -- Hans Rosling. 69. Humankind: A Hopeful History -- Rutger Bregman. 70. A Practical Guide for Policy Analysis -- Eugene Bardach. 71. Essence of Decision -- Graham Allison and Philip Zelikow. 72. Banishing Bureaucracy -- David Osborne. This episode is sponsored by CTQ Compounds. Check out The Daily Reader, FutureStack and The Social Capital Compound. Use the code UNSEEN for Rs 2500 off. Please subscribe to The India Uncut Newsletter. It's free! And check out Amit's online course, The Art of Clear Writing.

The Indian economy has been going downhill for a decade now. How has Covid-19 affected it? Ila Patnaik joins Amit Varma in episode 227 of The Seen and the Unseen to take stock of where we are today, and where we go from here. Also check out: 1. Ila Patnaik at NIPFP, The Print, YouTube, Indian Express & Business Standard. 2. Asia Confronts the Impossible Trinity -- Ila Patnaik & Ajay Shah. 3. The Economics and Politics of Vaccines -- Episode 223 of The Seen and the Unseen (w Ajay Shah). 4. The Tragedy of Our Farm Bills -- Episode 211 of The Seen and the Unseen (w Ajay Shah). 5. The Art and Science of Economic Policy -- Episode 154 of The Seen and the Unseen (w Vijay Kelkar & Ajay Shah). 6. In Service of the Republic -- Vijay Kelkar and Ajay Shah. 7. India’s Lost Decade -- Episode 116 of The Seen and the Unseen (w Puja Mehra). 8. The Lost Decade -- Puja Mehra. 9. What a Long Strange Trip It’s Been -- Episode 188 of The Seen and the Unseen (w Arvind Subramanian). 10. The Fight of the Central Banker -- Episode 193 of The Seen and the Unseen (w Viral Acharya). 11. Pandemonium in India’s Banks -- Episode 212 of The Seen and the Unseen (w Tamal Bandyopadhyay.) 12. Demystifying GDP -- Episode 130 of The Seen and the Unseen (w Rajeswari Sengupta). 13. The Indian Economy in 2019 -- Episode 153 of The Seen and the Unseen (w Vivek Kaul). 14. Two Economic Crises (2008 & 2019) -- Episode 135 of The Seen and the Unseen (w Mohit Satyanand). 15. Twelve Dream Reforms -- Episode 138 of The Seen and the Unseen (w Shruti Rajagopalan, Rajeswari Sengupta and Vivek Kaul.) 16. The Seen and the Unseen episodes on Demonetisation and GST. 17.  Most of Amit Varma’s writing on DeMon, collected in one Twitter thread.   18. Understanding Indian Healthcare -- Episode 225 of The Seen and the Unseen (w Karthik Muralidharan). 19. Women at Work -- Episode 132 of The Seen and the Unseen (w Namita Bhandare). 20. Past episodes of The Seen and the Unseen on Covid-19, featuring (in reverse chronological order) Ashwin Mahesh, Gautam Menon, Ajay Shah, Anirban Mahapatra, Ruben Mascarenhas, Chinmay Tumbe, Rukmini S, Vaidehi Tandel, Vivek Kaul, Anup Malani and Shruti Rajagopalan. 21. India’s Problem is Poverty, Not Inequality -- Amit Varma. 22. Anup Malani on India’s COVID Second Wave — Episode 13 of Season 5 of Grand Tamasha, hosted by Milan Vaishnav. 23. Seeing Like a State -- James C Scott. 24. Milton Friedman and PJ O'Rourke on Amazon. Please subscribe to The India Uncut Newsletter. It’s free! And check out Amit’s online course, The Art of Clear Writing.

Bitcoin and other leading cryptocurrencies crashed last week, with prices falling by nearly 50%. A mind-boggling $1.3 trillion of market value was wiped out. Despite such a massive crash, investors and traders on Wall Street and elsewhere continue to be bullish about cryptos such as Ethereum. And in all the mayhem, the role of tech billionaire Elon Musk remains a puzzle. And yet, diehard crypto-investors still believe that in the not-so-distant future, many banking functions will be displaced by decentralised, blockchain protocols, smart contracts, and so on, making cryptos an attractive investment option in the present. To help us decode what's going on, and where the cryptocurrency scene is headed, we speak to Vivek Kaul. Kaul is the author of five books, including the bestselling Easy Money trilogy. His most recent book is called ‘Bad Money: Inside the NPA Mess and How it Threatens the Indian Banking System'. Host: G Sampath

As the second wave of the COVID-19 pandemic and the State-level lockdowns batter the economy, Reserve Bank of India governor Shaktikanta Das this week noted that the impact of the second wave is likely to be less severe than the first one. He said that businesses and people have started to adapt to lockdowns and that the hit to demand would be much lower this time. Here we discuss the two COVID-19 waves, and how they have impacted the economy. Guests: Radhika Pandey, an economist and consultant at the National Institute of Public Finance and Policy; Vivek Kaul, a business journalist and author of India's Big Government: The Intrusive State & How It's Hurting Us Host: Prashanth Perumal J. Read the Parley article here. You can now find The Hindu's podcasts on Spotify, Apple Podcasts and Stitcher. Search for Parley by The Hindu. Write to us with comments and feedback at socmed4@thehindu.co.in

Click to Download the free Kuvera App - http://bit.ly/3skNa0J For years we've been shown the dream of India's #DemographicDividend - that stage where favourable population dynamics will fuel rapid economic growth....but sadly the data is telling us an opposite story - accordiang to CMIE - "the working age population has INCREASED by 11.22 crore between May '16 & Feb '21, but the total labour force as such has FALLEN by 2.99 crore" In the latest episode of Deshbhakt we take a deep dive into the issue of #Unemplyment and understand why trends like #ModiRozgarDo are becoming all too common. This episode has been done in collaboration with the fabulous #VivekKaul who did the real number crunching and went over the CMIE data - https://vivekkaul.com/tag/unemployment/ *** Unlock MEMBER ONLY - Discord / Chats / Content PATREON - https://www.patreon.com/thedeshbhakt YOUTUBE - https://www.youtube.com/channel/UCmTM_hPCeckqN3cPWtYZZcg/join MERCH - https://kadakmerch.com/thedeshbhakt Chapter Heads : 00:00 - Why are so many Unemployed? 01:07 - What is India's Demographic Dividend? 03:34 - Data on Shrinking labour force 04:57 - Youth 'Khatre Mein Hain'!!! 06:35 - Where did the Jobs go then? 10:17 - How to maintain our Demographic Dividend? 13:08 - Data or International Conspiracy - you choose! *** SUBSCRIBE / FOLLOW US *** YouTube: - https://youtube.com/thedeshbhakt Twitter :- https://twitter.com/thedeshbhakt Web - https://thedeshbhakt.in/ Instagram :- https://instagram.com/akashbanerjee.in Facebook :- https://www.facebook.com/akashbanerjee.in Podcast - https://anchor.fm/thedeshbhakt **More DeshBhakt Videos** The Deshbhakt Episodes: https://bit.ly/3eLgvLv INDIA IN EMERGENCY: https://bit.ly/3dM4Bj8 Bhakt Banerjee Rocks: https://bit.ly/2VuFQlf B&D Media and the Public: https://bit.ly/389jjzw Akash-Vaani: https://bit.ly/3eKvN3h Credits : Writer : Akash & Vivek Kaul Editor : Tushar Graphics : Shivam Sharma Producer : Avishrant Singh Resources https://vivekkaul.com/articles/ https://yourstory.com/herstory/2019/03/job-market-india-missing-women-meg5gllmi5 https://www.thehindubusinessline.com/economy/indias-demographic-dividend-may-turn-into-a-nightmare/article20433910.ece1 https://www.hindustantimes.com/pune-news/india-s-demographic-dividend-can-turn-into-a-nightmare-if-pm-s-5-trillion-economy-goal-is-not-achieved-kumar/story-02icSu7WReFIFqa4GgXC1M.html= --- Send in a voice message: https://anchor.fm/thedeshbhakt/message Support this podcast: https://anchor.fm/thedeshbhakt/support

In her Budget speech this year, Finance Minister Nirmala Sitaraman announced that the government will set up a ‘Bad Bank' to better manage the ‘bad loans' (non-performing assets) of public sector banks. The idea, apparently, is to transfer the NPAs of public sector banks to the books of this Bad Bank, which will function as a two-in-one institution – an asset reconstruction company and also an asset management company. It will focus solely on asset recovery, freeing up the banks to concentrate on lending. At least that's the theory. But will it actually work in practice? Will the Bad Bank be effective in cleaning up the NPA mess? If cleaning up the books is the objective, how is a bad bank a better option than, say, the Insolvency and Bankruptcy Code? We explore these questions and more in a discussion with Vivek Kaul, the author of the bestselling Easy Money trilogy. Vivek's most recent book is Bad Money: Inside the NPA Mess and How it Threatens the Indian Banking System.

Dr Vivek Kaul discusses his article, "Safety and efficacy of a novel powered endoscopic debridement tissue resection device for management of difficult colon and foregut lesions: first multicenter USA experience" from the March issue.

India's financial system has been in crisis for more than a decade -- and it affects all of us. Tamal Bandyopadhyay joins Amit Varma in episode 212 of The Seen and the Unseen to make sense of all the turbulence. Also check out: 1. Pandemonium: The Great Indian Banking Tragedy -- Tamal  Bandyopadhyay. 2. Tamal Bandyopadhyay's books on Amazon. 3. Tamal Bandyopadhyay's website. 4. Tamal Bandyopadhyay's columns in Mint and Business Standard.5. India's Lost Decade -- Episode 116 of The Seen and the Unseen (w Puja Mehra). 6. The Fight of the Central Banker -- Episode 193 of The Seen and the Unseen (w Viral Acharya). 7. The Importance of Finance -- Episode 125 of The Seen and the Unseen (w Ajay Shah). 8. Zombie Firms and Creative Destruction -- 118 of The Seen and the Unseen (w Ajay Shah). 9. Easy Money -- Episode 56 of The Seen and the Unseen (w Vivek Kaul).  10. IL&FS and the Indian Financial System -- Episode 91 of The Seen and the Unseen (w Vivek Kaul and Ashutosh Datar). 11. Episodes of The Seen and the Unseen on public sector banks and NPAs.. 12. What Really Happened? — Lawrence H White on the 2008 Financial Crisis. 13. Politics and the English Language -- George Orwell. 14. Lady Chatterley's Lover -- DH Lawrence. 15. Firefighting: The Financial Crisis and its Lessons -- Ben S Bernanke, Timothy F Geithner and Henry M Paulson Jr. 16. Code Name God: The Spiritual Odyssey of a Man of Science -- Mani Bhaumik. 17. Ispat Bhi Hum Banate Hain -- The Tata Steel commercial. (Also this.) 18. Complan Boy and Girl (w Shahid Kapoor and Ayesha Takia). 19. Maltova Mum. You can now buy Seen/Unseen swag. And do check out Amit’s online courses, The Art of Clear Writing and The Art of Podcasting.

Our agriculture needs reform -- but we should be wary that our attempt to get there is not at the cost of our democracy. Ajay Shah joins Amit Varma in episode 211 of The Seen and the Unseen to share his insights on the process, content and implication of the farm bills. Also discussed: knowledge assimilation, public health, how we tackled the pandemic and what we can do going forward. Also check out: 1. Ajay Shah's homepage. 2. The Art and Science of Economic Policy -- Episode 154 of The Seen and the Unseen. 3. In Service of the Republic — Vijay Kelkar & Ajay Shah. 4. Other episodes of The Seen and the Unseen with Ajay Shah: 1, 2, 3. 5. The State of Our Farmers — Ep 86 of The Seen and the Unseen (w Gunvant Patil, in Hindi). 6. India's Agriculture Crisis -- Episode 140 of The Seen and the Unseen (w Barun Mitra & Kumar Anand).  7. Other episodes of The Seen and the Unseen on Agricultire: 1, 2, 3, 4, 5. 8. We Must Save Our Farmers — Amit Varma. 9. The Indian State is the Greatest Enemy of the Indian Farmer — Amit Varma. 10. A Tale of Two Satyagrahas — Amit Varma. 11. Economic Freedom in Agriculture -- Ajay Shah. 12. India: An Agricultural Trade Powerhouse -- Ajay Shah. 13. Enabling a National Market for Food -- Anirudh Burman, Ila Patnaik, Shubho Roy & Ajay Shah. 14. Feeding the Hungry in the Pandemic -- Episode 210 of The Seen and the Unseen (w Ruben Mascarenhas). 15. Previous episodes of The Seen and the Unseen on the pandemic: 1, 2, 3, 4, 5, 6. 16. We Are Fighting Two Disasters: Covid-19 and the Indian State — Amit Varma. 17. Public Choice Theory -- Episode 121 of The Seen and the Unseen. 18. Analysing the 2021 budget -- Ajay Shah. 19. The Theatre of the Budget (2020) -- Episode 159 of The Seen and the Unseen (w Ajay Shah and Vivek Kaul).  20. DeMon, Morality and the Predatory Indian State -- Episode 85 of The Seen and the Unseen (w Shruti Rajagopalan). 21. Most of Amit Varma’s writing on DeMon, collected in one Twitter thread. 22. India's Water Crisis -- Episode 60 of The Seen and the Unseen (w Vishwanath S aka Zenrainman). 23. The Delhi Smog -- Episode 44 of The Seen and the Unseen (w Vivek Kaul). 24. Episode of The Seen and the Unseen on GST: 1, 2, 3. 25. Pratap Bhanu Mehta on the farm bills & what followed: 1, 2, 3, 4, 5. You can now buy Seen/Unseen swag. And do check out Amit’s online courses, The Art of Clear Writing and The Art of Podcasting.

This week on NL Hafta, Newslaundry’s Manisha Pande, Raman Kirpal, Mehraj D Lone, and Jayashree Arunachalam are joined by Vivek Kaul, an author and journalist.Starting off with the union budget, which was presented on February 1, Vivek says the government has “cleaned up the expenditure side of the budget”. He also explains what “health and wellbeing” refers to, and just how the government’s push for “atmanirbhar” will play out. To listen to the full episode, subscribe to Newslaundry. See acast.com/privacy for privacy and opt-out information.

NOTE - the start of the chat is patchy - the later part is smooth. Apologies for Digital India not really living up to its hype. The lesson after having seen so many budgets - it's not what the Budget says - rather what it misses out. We sit down with Vivek Kaul to decode the budget and explain the numbers - why Vivek? - because he can explain Economics to dodos like me and also make your smile despite the economic pain. (+ will try and take as many member questions!) READ VIVEK KAUL'S WORK HERE - https://vivekkaul.com/ SUPPORT VIVEK KAUL HERE - https://vivekkaul.com/gift/ VIVEK KAUL ON BUDGET 2021 - https://vivekkaul.com/2021/02/02/we-have-spent-we-have-spent-and-we-have-spent-but-where-madam-fm/ https://www.livemint.com/budget/news/the-10-most-important-things-you-need-to-know-about-the-budget-11612180435215.html https://www.newslaundry.com/2021/02/01/the-one-truly-big-reform-in-budget-2021 *** Unlock MEMBERS ONLY- Discord / Chats / Content PATREON - https://www.patreon.com/thedeshbhakt YOUTUBE - https://www.youtube.com/channel/UCmTM_hPCeckqN3cPWtYZZcg/join MERCH - https://kadakmerch.com/thedeshbhakt *** SUBSCRIBE / FOLLOW US *** YouTube: - https://youtube.com/thedeshbhakt Twitter :- https://twitter.com/thedeshbhakt Web - https://thedeshbhakt.in/ Instagram :- https://instagram.com/akashbanerjee.in Facebook :- https://www.facebook.com/akashbanerjee.in Podcast - https://anchor.fm/thedeshbhakt *** Chapterheads *** **More DeshBhakt Videos** The Deshbhakt Episodes: https://bit.ly/3eLgvLv INDIA IN EMERGENCY: https://bit.ly/3dM4Bj8 Bhakt Banerjee Rocks: https://bit.ly/2VuFQlf B&D Media and the Public: https://bit.ly/389jjzw Akash-Vaani: https://bit.ly/3eKvN3h ** Credits ** Producer : Avishrant Singh --- Send in a voice message: https://anchor.fm/thedeshbhakt/message Support this podcast: https://anchor.fm/thedeshbhakt/support

On June 12, 2020, an Internal Working Group was set up by the Reserve Bank of India to review the current licensing and regulatory guidelines regarding ownership and control of banks in India. This working group shared its report on the RBI website last week for comments. Its most significant recommendation was that corporate houses could be given banking licences. Former RBI governor Raghuram Rajan and former RBI Deputy Governor Viral Acharya have, in a blogpost titled “Do we really need Indian corporations in banking?”, strongly criticised the RBI report, asking whether there is any need to open up the banking sector to corporate houses now; what new information has prompted a need for a change in our bank-licensing guidelines? So, why is the RBI interested in allowing corporate houses into the banking sector, and what are the risks involved? We explore these questions in a discussion with Vivek Kaul, well-known business columnist and author of five books, including the bestselling Easy Money trilogy. His most recent book is called Bad Money: Inside the NPA Mess and How it Threatens the Indian Banking System. Host: G. Sampath, Social Affairs Editor, The Hindu. Find the In Focus podcast on Spotify, Apple Podcasts and Stitcher. Search for ‘In Focus by The Hindu'. Write to us with comments and feedback at socmed4@thehindu.co.in

Green shoots of revival are apparently here. But the numbers show India's economy is not out of the doldrums. In this episode, editor @sunitarora along with Vivek Kaul will clear the fog on economic recovery. Tune in to know more!

In this episode, political scientist and economic historian Rohit Chandra (@rohitreads) gives an account of business-state relations in India over the last two decades. In this wide-ranging conversation, we discuss trends of market concentration since 2014, the state of public sector units, small businesses, and the state of banking among other things. Rohit, together with Rahul Verma (@rahul_tverma), has curated the Seminar Magazine Symposium for October 2020 on the topic A delicate balance: a symposium on untangling business-state relations in India.भारत में सरकार और बिज़नेस के रिश्ते कैसे बदले है पिछले दो दशकों में, यही है विषय इस पुलियाबाज़ी का | क्यों भारत में बिज़नेस केन्द्रीभूत हो रहे है? भारत के छोटे उद्योग छोटे ही क्यों रह जाते है? “सूट-बूट की सरकार” टिप्पणी को क्या इस सरकार ने दिल से लगा लिया? ऐसे ही कुछ सवालों पर चर्चा की हमने आईआईटी दिल्ली की स्कूल ऑफ़ पब्लिक पॉलिसी में असिस्टेंट प्रोफेसर रोहित चंद्र से, जो इस विषय के आर्थिक इतिहास पर काफ़ी वर्षों से अध्ययन कर रहे है |For more:Seminar Magazine Symposium for October 2020: A delicate balance: a symposium on untangling business-state relations in India, edited by Rohit Chandra and Rahul VermaDoing business in a deals World, by Sabyasachi Kar, Lant Pritchett, Spandan Roy, and Kunal SenBad Money by Vivek Kaul, Overdraft by Urjit Patel, Bloom in the Desert by D V Kapur, In Service of the Republic by Ajay Shah and Vijay KelkarThe Seen and the Unseen ep 186, Pratap Bhanu Mehta and Amit VarmaPuliyabaazi is on these platforms:Twitter: https://twitter.com/puliyabaaziFacebook: https://www.facebook.com/puliyabaaziInstagram: https://www.instagram.com/puliyabaazi/Subscribe & listen to the podcast on iTunes, Google Podcasts, Castbox, AudioBoom, YouTube, Spotify or any other podcast app.

Good data journalism can reveal otherwise unseen truths about our society. Pioneering journalist Rukmini S joins Amit Varma in episode 196 of The Seen and the Unseen to talk about the insights data brought to her journalism, and her groundbreaking podcast on Covid-19, The Moving Curve. Also check out: 1. The Moving Curve -- Rukmini S's podcast, also on all podcast apps. 2. Rukmini S at HuffPost, Hindu, Scroll, Mint,Times of India (1, 2) and India Spend. 3. Canary -- Amy Brittain's podcast. 4. How the Coronavirus Could Take Over Your Body (Before You Ever Feel It) -- Jeff Wise. (This is the piece mistakenly referred to in this episode as an Atlantic article.) 5. Muslim Population Growth Slows -- Rukmini S & Vijaita Singh (2015). 6. The Art of Narrative Nonfiction -- Episode 183 of The Seen and the Unseen (w Samanth Subramanian). 7. Raag Darbari (Hindi) (English) -- Shrilal Shukla 8. Memories and Things -- Episode 195 of The Seen and the Unseen (w Aanchal Malhotra). 9. India’s coronavirus lockdown takes toll on migrant workers -- Rukmini S. 10. The First 100 -- The ProPublica investigation in Chicago. 11. Ideology and Identity -- Pradeep K Chhibber and Rahul Verma. 12. Political Ideology in India -- Episode 131 of The Seen and the Unseen (w Rahul Verma). 13. Somesh Jha at Business Standard.14. Covid19india.org. 15. Taking Stock of Covid-19 -- Episode 169 of The Seen and the Unseen (w Shruti Rajagopalan). 16. The Nuances of Lockdown -- Episode 176 of The Seen and the Unseen (w Anup Malani). 17. India’s Economy in the Time of Covid-19 -- Episode 177 of The Seen and the Unseen (w Vivek Kaul). 18. Our Cities After Covid-19 -- Episode 191 of The Seen and the Unseen (w Vaidehi Tandel). 19. Data Journalism and Indian Politics -- Episode 136 of The Seen and the Unseen (w Roshan Kishore). 20. The State of the Media -- Episode 46 of The Seen and the Unseen (w Prem Panicker). 21. The State of the Media 2 -- Episode 89 of The Seen and the Unseen (w Sidharth Bhatia & Peter Griffin). 22. What Happened to Our Journalism? -- Episode 178 of The Seen and the Unseen (w Nidhi Razdan). And do check out Amit’s online course, The Art of Clear Writing.

Sad news, folks: this is it for Econ Central. Amit Varma and Vivek Kaul explain why they are ending this show at just episode 15 -- and also recommend a whole bunch of books to read as a goodbye gift. Also check out: 1. Moonflower Murders -- Anthony Horowitz. 2. The Paper Menagerie -- Ken Liu. 3. The Paper Menagerie and Other Stories -- Ken Liu. 4. The Nothing Man -- Catherine Ryan Howard. 5. Netherland -- Joseph O'Neill. 6. The Thursday Murder Club -- Richard Osman. 7. The Bear Came Over the Mountain -- Alice Munro. 8. Runaway -- Alice Munro. 9. Hateship, Friendship, Courtship, Loveship, Marriage -- Alice Munro. 10. All Alice Munro's books on Amazon. 11. How to Make the World Add Up -- Tim Harford. 12. Archives of Dear Economist. 13. Dear Undercover Economist -- Tim Harford. 14. Collected Poems -- Mark Strand. (A sample.) 15. The Best of It: New and Selected Poems -- Kay Ryan. 16. The Housekeeper and the Professor -- Yoko Ogawa. 17. The Blank Slate -- Steven Pinker. 18. How Innovation Works -- Matt Ridley. 19. The Innovator's Dilemma -- Clayton M Christensen. 20. The Myth of Basic Science -- Matt Ridley. 21. The Evolution of Everything -- Episode 96 of The Seen and the Unseen (w Matt Ridley). 22. That Which is Seen, and That Which is Not Seen -- Frédéric Bastiat. 23. The Law --  Frédéric Bastiat. 24. The Deficit Myth -- Stephanie Kelton. 25. Rathin Roy's sarcy tweet. 26. That Will Be England Gone -- Michael Henderson. 27. Essays -- George Orwell. 28. Politics and the English Language -- George Orwell. Amit and Vivek will continue to do whatever else they are doing. You can keep listening to Amit's podcast, The Seen and the Unseen, and reading The India Uncut Newsletter. Do also check out his online course, The Art of Clear Writing. Vivek writes regularly at vivekkaul.com. Do browse all his books on Amazon or elsewhere.

In normal times, cities are an engine of prosperity. In these strange times, they are also an engine of pandemic. Vaidehi Tandel joins Amit Varma in episode 191 of The Seen and the Unseen to discuss how important cities are to civilisation, and how Covid-19 will affect the way we live. Also check out: 1. COVID-19 a Grim Reminder for Govts -- Vaidehi Tandel. 2. Don’t Blame Dense Cities. They Have Been Resilient -- Reuben Abraham and Vaidehi Tandel. 3. Why India Has the Fastest-Growing Cities -- Kadambari Shah, Vaidehi Tandel and Harshita Agarwal. 4. Cities and Pandemics Have a Long History -- Edward L Glaeser 5. A World of Cities: The Causes and Consequences of Urbanisation in Poorer Countries -- Edward L Glaeser. 6.  Cities After Coronavirus: How Covid-19 Could Radically Alter Urban Life -- Jack Shenker.   7.  Spatial Economics: The Declining Cost of Distance -- Karen Harris, Andrew Schwedel and Austin Kimson.   8. Triumph of the City -- Edward L Glaeser. 9. Order Without Design – How Markets Shape Cities -- Alain Bertaud. 10. The Importance of Cities -- Episode 108 of The Seen and the Unseen (w Reuben Abraham & Pritika Hingorani.) 11. The Seen and the Unseen episodes with Alex Tabarrok on FSI and Rent Control. 12. Urban Governance in India -- Episode 31 of The Seen and the Unseen (w Shruti Rajagopalan). 13. Taking Stock of Covid-19 -- Episode 169 of The Seen and the Unseen (w Shruti Rajagopalan). 14. The Nuances of Lockdown -- Episode 176 of The Seen and the Unseen (w Anup Malani). 15. India’s Economy in the Time of Covid-19 -- Episode 177 of The Seen and the Unseen (w Vivek Kaul). 16. Fixing Indian Education -- Episode 185 of The Seen and the Unseen (w Karthik Muralidharan). 17. What a Long Strange Trip It’s Been -- Episode 188 of The Seen and the Unseen (w Arvind Subramanian). 18. Rajesh Jain and Dhan Vapasi -- Episode 94 of The Seen and the Unseen (w Rajesh Jain). 19. Publish and Perish -- Agnes Callard. 20. Young Rural Women in India Chase Big-City Dreams -- Ellen Barry. 21. We Are Fighting Two Disasters: Covid-19 and the Indian State -- Amit Varma.

The IPL starts this weekend. It is much more than a tamasha. It saved and revitalized cricket. In episode 14 of Econ Central, Amit Varma and Vivek Kaul turn the economic lens towards cricket and cricket strategy. Also check out: 1. Opportunity, Choice and the IPL (2008)  — Amit Varma. 2. Tractatus Logico-Philosophicus  — Ludwig Wittgenstein. 3. What Cricket Can Learn From Economics (2016) — Amit Varma. 4. The Lesson From This IPL: Front-Load Your Innings (2014) -- Amit Varma. 5. The Tamasha All Purists Should Love (2018) -- Amit Varma. 6. The Winning Mantra for This IPL: Attack, Attack, Attack (2017) -- Amit Varma. 7. National Highway 420 (and the EV of Aggressive Batting) (2016) -- Amit Varma. 8. Resources vs Constraints - Why T20 Teams Need to Attack More (2019) -- Amit Varma. 9. For This Brave New World of Cricket, We Have IPL and England to Thank (2019) -- Amit Varma. 10. Purists, Keep Quiet. Cricket Is Changing, Not Dying (2018) -- Amit Varma. 11. The New Face of Cricket (2015) -- Amit Varma. 12. Money in Cricket -- Episode 41 of The Seen and the Unseen (w Gideon Haigh and Prem Panicker). 13. Dhoni and India -- Episode 10 of Econ Central. 14. Building Sports Ecosystems -- Episode 126 of The Seen and the Unseen (w Joy Bhattacharjya). 15. New Zealand's John Wright Lauded as the Man Who Discovered Jasprit Bumrah. 16. Toyota Halts India Expansion, Blaming ‘We Don’t Want You’ Taxes. 17. The Delhi Smog -- Episode 44 of The Seen and the Unseen (w Vivek Kaul). 18. Getting Competitive: A Practitioner's Guide for India -- RC Bhargava. 19. Manufacturing Is Key to Creating Jobs in Services -- Vivek Kaul. 20. The Economics of The Chilling Effect -- Episode 5 of Econ Central. 21. What a Long Strange Trip It’s Been -- Episode 188 of The Seen and the Unseen (w Arvind Subramanian). 22. What is Libertarianism? -- Episode 117 of The Seen and the Unseen (w David Boaz). 23. Consilience: The Unity of Knowledge -- EO Wilson. 24. Tawaif -- Episode 174 of The Seen and the Unseen (w Saba Dewan).  Do also check out Amit’s writing course, The Art of Clear Writing, as well as The India Uncut Newsletter. Also, Vivek’s new website at vivekkaul.com and all his books on Amazon.

Our media, our society and our politics have all gone nuts. Amit Varma and Vivek Kaul examine this drift to the extremes in episode 13 of Econ Central. Also discussed: the real estate dudes fight the bankers, and why football isn't taking off in India. Also check out: 1. Driven to Extremes. Part 1: News Television -- Amit Varma. 2. Out-Arnabing Arnab -- Episode 8 of Econ Central. 3. Breaking News about Narendra Modi's previous birth. 4. Some tweets about SSR's Covid patent and invention of Fau-G: 1, 2, 3, 4. 5. The Hype Around the Stock Market -- Episode 6 of Econ Central (about the game theory of Congress rebellion). 6. A Game Theory Problem: Who Will Bell The Congress Cat? — Amit Varma. 7. An Economic Theory of Democracy -- Anthony Downs. 8. The Median Voter Theorem (Wikipedia). 9. The Economics of the Chilling Effect -- Episode 5 of Econ Central. 10. Groupthink: A Study in Self Delusion -- Christopher Booker. 11. The Seven Basic Plots -- Christopher Booker. 12. Scared to Death -- Christopher Booker. 13. Gegenpressing GDP -- Episode 12 of Econ Central. 14. The US Economy Contracted by 9.1% and not 32%. India’s Economy Contracted by 23.9% -- Vivek Kaul. 15. Raghuram Rajan’s 10 Solutions to Get Economy Going Again -- Vivek Kaul. 16. Match moratorium interest rate with deposits: Industry -- TNN 17. Saving Capitalism from the Capitalists -- Raghuram Rajan and Luizi Zingales. 18. Moral Hazard (Wikipedia). 19. Every Act of Government Is an Act of Violence -- Amit Varma. 20. The Deep State of Real Estate -- Episode 7 of Econ Central. 21. The Use of Knowledge in Society -- Friedrich Hayek.  22. Building Sports Ecosystems -- Episode 126 of The Seen and the Unseen (w Joy Bhattacharjya). 23. The 10 Most Insane Requirements Of The Green New Deal -- David Harsanyi. 24. India’s Population Bomb and the Surprising Truth Behind It -- Vivek Kaul. 25. Population Is Not a Problem, but Our Greatest Strength -- Amit Varma. 26. Ram Gopal Varma interviewed by Anupama Chopra. Do also check out Amit’s podcast, The Seen and the Unseen, as well as The India Uncut Newsletter. And ah, Vivek’s new website at vivekkaul.com and all his books on Amazon.

Our economy's contracted. And Lionel Messi's looking for someone new to contract with. Amit Varma and Vivek Kaul dissect both situations in episode 12 of Econ Central. Also discussed: Amitabh Bachchan's crocodile. Also check out: 1. Demystifying GDP -- Episode 130 of The Seen and the Unseen (w Rajeswari Sengupta). 2. What a Long Strange Trip It's Been -- Episode 188 of The Seen and the Unseen (w Arvind Subramanian). 3. The Indian Economy in 2019 -- Episode 153 of The Seen and the Unseen (w Vivek Kaul). 4. DeMon, Morality and the Predatory Indian State — Episode 85 of The Seen and the Unseen (w Shruti Rajagopalan). 5. The Seen/Unseen episodes on GST: 1, 2, 3. 6. We Are Fighting Two Disasters: Covid-19 and the Indian State -- Amit Varma. 7. The Seen/Unseen episodes on Covid-19: 1, 2, 3. 8. Many acts behind the world’s worst economic slump -- Vivek Kaul. 9. The US Economy Contracted by 9.1% and not 32%. India’s Economy Contracted by 23.9% -- Vivek Kaul. 10. Who Moved My Interest Rate? -- D Subbarao. 11. Forget the romance, a Messi-Guardiola reunion would not make City better -- Jonathan Wilson. 12. Wikipedia articles on the Fallacy of Composition, Cherry Picking, the Halo Effect and the Winner's Curse. 13. The Halo Effect (2007) -- Amit Varma. 14. Ganga Jamuna Saraswati -- Full movie on YouTube. 15. Amar Akbar Anthony: Masala, Madness and Manmohan Desai -- Sidharth Bhatia. 16. The 10 Rules of Successful Nations -- Ruchir Sharma. 17. The Rise and Fall of Nations -- Ruchir Sharma. 18. Do We Need Billionaires? -- Episode 9 of Econ Central. 19. The Great Reversal -- Thomas Philippon. 20. The Hype Around the Stock Market -- Episode 6 of Econ Central. Do also check out Amit’s writing course, The Art of Clear Writing, as well as The India Uncut Newsletter. And ah, Vivek’s new website at vivekkaul.com and all his books on Amazon.

Game theory explains the complexity of rebelling against the Gandhis -- and theory has now become practice. As fires rage in the house that Congress built, Amit Varma and Vivek revisit the incentives of the players involved. Also discussed: Shaktikanta Das's views on the stock market and why Naseeruddin Shah excused Raj Kumar's hamming. Also check out: 1. A Game Theory Problem: Who Will Bell The Congress Cat? — Amit Varma. 2. "Someone Had to Bell The Cat": Congress Leader Who Signed Letter -- Sunil Prabhu. 3. The Hype Around the Stock Market -- Episode 6 of Econ Central (with an earlier discussion on Congress rebellion). 4. Tweet by @mridumesh on the incentives of the rebels. 5. Haweli ki umar saath saal! -- Vivek Kaul. 6. Generational Wealth: Why do 70% of Families Lose Their Wealth in the 2nd Generation? -- David Kleinhandler. 7. Where Have All the Leaders Gone? -- Amit Varma. 8. What Have We Done With Our Independence? -- Episode 186 of The Seen and the Unseen (w Pratap Bhanu Mehta). 9. Piku on YouTube. 10. And Then One Day: A Memoir -- Naseeruddin Shah. 11. Disconnect between economy and stock markets: Shaktikanta Das: Indian Express report. 12. There's no irrational exuberance in market, say MF experts -- Jash Kriplani. (The piece with 'de-grow.') 13. The Challenge of Central Banking in a Democratic Society -- Alan Greenspan's speech. 14. Viral Acharya in conversation with Vivek Kaul. 15. The Lost Decade -- Puja Mehra. 16. India's Lost Decade -- Episode 116 of The Seen and the Unseen (w Puja Mehra). 17. Taking Stock of Covid-19 -- Episode 169 of The Seen and the Unseen (w Shruti Rajagopalan). 18. The Nuances of Lockdown -- Episode 176 of The Seen and the Unseen (w Anup Malani). 19. India's Economy in the Time of Covid-19 -- Episode 177 of The Seen and the Unseen (w Vivek Kaul). Do also check out Amit's writing course, The Art of Clear Writing, as well as The India Uncut Newsletter. And ah, Vivek's new website at vivekkaul.com and all his books on Amazon.

This episode of Kuvera Insight features an interview with Vivek Kaul, the author of several best selling books including Bad Money, Easy Money, where he speaks to Gaurav Rastogi, Founder & CEO of Kuvera.in on the NPA's plaguing the Indian Banking system and its corresponding cost and ripple effects to the economy. Follow all the conversations across these Kuvera channels: Twitter : https://twitter.com/Kuvera_In Facebook : https://www.facebook.com/kuvera.in/?r... Linkedin : https://www.linkedin.com/me/profile-v... YouTube : https://www.youtube.com/channel/UCV6S... To invest in Mutual Funds through Kuvera Visit: https://kuvera.in/ #KuveraInsights #mutualfundsahihai #Mutualfunds #Kuvera #Education #supermoneyapp Disclaimer: These conversations are only for educational purposes. Mutual Fund investments are subject to markets risk. Please read the offer document before investing