Economy

Power Generation is NOT the issue in India

It came as a revealation to me that in India, Power Generation was not the constraint for uninterrupted power supply, but the State Electricity Boards (SEBs) were the constraint. Let me explain. First, the basics of power. We get electricity through to our homes due to three stages – power generation (at the power plant [...]

Random Thoughts…

1) You can blame me for being a contrarian, but I usually don’t trust any of the news that is published. Sensational news, all the more. Except for a few editorials here and there, written by a certain clique of authors, I am skeptical of every news item. Here’s an example from Bloomberg and an [...]

Obama and Outsourcing

“We will restore a sense of fairness and balance to our tax code by finally ending the tax breaks for corporations that ship our jobs overseas,” Obama said in his first address to the joint session of the US Congress. Leave it to the media to distort this statement so very twistedly, and come to [...]