UNICEF published an interesting analysis of Swachh Bharat Mission. A household living in a fully open defecation free environment saves up to $780 per year i.e. Rs 54,700 as of today. Swachh Bharat Mission has been hugely beneficial to citizens in India and the momentum needs to be maintained. Further, LinkedIn published average savings per household due to GST implementation. The government needs to highlight the economic impact of its policies in India. A small silver lining for the government after the recent debacle in state elections. Time to regroup and think ahead for team Modi.
LinkedIn recently published that India ranks among the top 10 dangerous countries for journalists. This is disturbing.
2018, Man of the year, goes to the FED chairman Jerome Powell. Sorry, it’s not Bradley Cooper and in fact, I am yet to watch A Star is Born. In spite of unwanted criticism, Jerome Powell is a hero. When he got nominated as FED chief I was a bit skeptical. FED maybe is the only reserve bank which has a history of nominating chairman who does not have a Ph.D. Jerome following Alan Greenspan footsteps does not have one. At the same time, Mr. Powell outshines as a leader for his outstanding vision, tenacity, fortitude, and acumen in guiding the US economy through uncharted waters in 2018. He has been spot on increasing rates to not only stem inflation but also to give space for monetary flexibility once the recession hits the United States in near future. US today has one of the lowest unemployment rates thanks to sustained innovation and prolonged low rates and along with rising wage growth, fueling inflation in the US to 2%. Back it up with a 24% increase in earnings in 350 S&P 500 companies compared to the previous year beating analyst forecast of 20%, according to WSJ. All are telltale signs of an economy heating up due to low lending rates and increased consumer spending. Continuing real negative interest rates would have further fueled asset prices resulting in an imminent collapse fulfilling the doomsday prophecy. Continue reading “Man of the Year: Jerome Powell”
Only 1 percent of the readers of Wikipedia give to the free online encyclopedia. Wikipedia changed the way we read and assimilate information. Please donate any amount to a very just social cause. I am myself a blogger and cannot overstate the importance of donation. Help build and sustain the online community of supporters of Wikipedia. Just Do It...
Recently, Paul Allen co-founder of Microsoft and founder of philanthropic company Vulcan Inc. passed away. Paul will forever be remembered for this spectacular vision, techno brilliance, and world-beating philanthropic attitude. Known for his affable and colorful personality backed with an invigorating sense of humor, Paul epitomizes American values of exuberance, geekiness and giving. A big fan of Portland Trailblazers, Seattle SeaHawks and Jimmi Hendrix, Paul left an indelible mark in technology, art, sports and philanthropy. Continue reading “Paul Allen: Legacy of Eternal Sunshine”
According to a report published by the World Economic Forum (refer to my tweets), 2018 is going to be a huge tipping point. For the first time since civilization began, more humans are either rich or in the middle-class as opposed to those in poverty or susceptible to poverty). More than 50 percent of the population will now be classified as those falling in the middle class ( household spending $11-110 per day per person in 2011 PPP) compared to those in extreme poverty ( per person earning below $1.9 per day). Continue reading “2018: Tipping Point: Rise of Middle Class”
Many Indians have grown up with the wonder of Bullet Train, a synonym for technology, speed, and comfort. The Japanese are the pioneers of high-speed trains (French close competitors with TGV in Europe) and due credit to Mr. Hideo Shima, the father of the Shinkansen train aka the bullet train. It’s not a pleasant surprise that the Japanese government will be facilitating the development of high-speed rail in India. The public-private partnership model sponsored by Japan offers an extremely generous rate of 0.1% with repayment of 50 years for the yen denominated loan. A huge game changer for India, trains would be operating at speeds between 300 to 350 km per hour. It’s going to save travelling time, increase productivity and over medium term bring down costs of traveling within India especially airfare. India will buy 18 Shinkansen train sets with the first high-speed rail working by 2022 between Mumbai and Ahmedabad. Apart from extremely benevolent funding agreement, there is also provision of transfer of technology to develop production locally. An article published in Economic Times, states that the economy class will only cost INR 3000 (USD 40) for travel time between Mumbai and Ahmedabad (508 km). This is one of the best policy initiatives taken by the government and must be given the utmost importance for support for effective implementation. Further high-speed railway network should be implemented nationally along key routes with increased alacrity. Continue reading “Japan, Bullet Train and India”
Jack Ma’s recently full-time foray into philanthropy shook the world in a better way but China is no stranger to largesse and giving. From Confucius to Buddha, China has been for centuries a country known for sharing prosperity. Although until recently China was lagging behind the world in charity, a lot has changed in the last few years. There are a plethora of reports on the emergence of philanthropy in China with a lot of focus on education. Jack Ma established a $ 3bn dollar fund in 2014 for philanthropic causes while Pony Ma co-founder of Tencent (WeChat fame) is known for his legendary philanthropic zeal. It seems Ma surname is ubiquitous with charity in China. Just kidding…Another co-founder of Tencent, Charles Chen Yidan whose contribution to charity is monumental, especially in education. China charity law, passed in 2016, gave a huge impetus to non-profits and giving with the aim of regulating domestic charitable organizations within the People’s Republic of China. They are too many reports on the surge in philanthropy in China and it’s beyond the scope of this article to highlight all of them. Li Ka Shing foundation is a very prominent foundation involved in charitable causes just to cite an example. Continue reading “One for Jack Ma, Philanthropy and Education”