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Showing posts from September 27, 2020

India Lucky If Average Growth Exceeds 5% This Decade: Ruchir Sharma

Menaka Doshi @menakadoshi  Oct 03 2020, 10:32 AM IST  Oct 03 2020, 10:32 AM IST         In his newly released book,  The 10 Rules Of Successful Nations , global investor and author Ruchir Sharma reminds countries of what it takes to win, consistently. While the attributes are familiar, ranging from population to geography to currency and debt, they are cast in new light due to Sharma’s use of decadal data and sometimes unconventional measures, such as a Bad Billionaires index. In an interview with BloombergQuint, Sharma, whose day job is Chief Global Strategist at Morgan Stanley Investment Management, shared his personal views on the global economy, India growth and asset allocation. Here are key comments from the interview. There’s enough economic evidence I found to suggest that it is not that a nation becomes successful because of better education but often successful nations are able to offer their citizens better education. The modern menace of inflation is not consumer price infl

The Rise and Fall of Nations: Forces of Change in the Post-Crisis World.

Developing economies The long road Making sense of euphoria and despair about emerging markets Books & arts Jun 2nd 2016 edition Jun 2nd 2016 The Rise and Fall of Nations: Forces of Change in the Post-Crisis World.  By Ruchir Sharma.  W.W. Norton; 466 pages; $27.95. Allen Lane; £25. GLOBALISATION has gone into reverse gear. Trade volumes have stagnated and the value of the capital flows sloshing around the world has dropped by over half since 2007. The West is angry and inward-looking. Disappointment festers in the emerging world. In the boom years between 2003 and 2010 it appeared that a new era of openness and global supply chains would help emerging countries to grow at turbocharged rates for decades, closing the gap with the rich world. Today that idea is out of fashion. Brazil’s economy is shrinking, China’s debts are terrifying and Russia is a rusting autocracy. Emerging countries are growing at 4%, half as fast as in 2006. Into the wreckage steps Ruchir Sharma, a fund

India: Nine states have 54% of Dalits, see 84% of crime against SCs

Updated: Oct 2, 2020, 09:28 IST NEW DELHI: Nine states accounted for 84% of all crimes against  Dalits  in India in 2019 though they accounted for only 54% of the country’s SC population, according to data just released by the  National Crime Records Bureau . The highest rates (number of crimes for every lakh population of Dalits) were in Rajasthan, Madhya Pradesh, Bihar and Gujarat. The others with rates above the national average were Telangana, UP, Kerala, Odisha and Andhra Pradesh. The data also shows that the conviction rate in offences under the SC/ST Atrocities Act was just 32% nationally and the pendency rate of cases an alarming 94%. Dalit watchdogs headless, lack bite There were nearly 46,000 crimes against SCs in 2019, up about 7% from the previous year. Of these, the nine states which had a higher rate than the national average accounted for nearly 38,400. While Uttar Pradesh had the absolute number, Rajasthan had by far the highest rate of crimes against dalits of almost 5

Hathras Case: The Intersecting Factors Behind Structural Violence Against Dalit Women

We have witnessed time and again how rape and other forms of sexual violence are used against Dalit women to dehumanise the community and maintain caste-based hierarchies and power relations. 9 hours ago | Priyanka Samy         Activists hold placards and light candles demanding justice for the Hathras gang-rape victim in Mumbai, September 30, 2020. Photo: PTI/Mitesh Bhuvad Barely 24 hours after the remains of the 19-year-old-Dalit woman were consigned to flames by the police in Uttar Pradesh’s Hathras without the consent of the family, another sexual assault and death of a 22-year-old Dalit woman has surfaced from Balrampur in the same state. Reflective of widely pervasive casteist mindsets, these brutal sexual assaults against Dalit women are being  framed as isolated incidents  of crime  rather  than  atrocities which are the outcome of systemic and deep-rooted casteism and misogyny. It is important to acknowledge that there are  several intersecting factors  such as  identities, in

Is Insurgency in India’s Red Corridor a Non-International Armed Conflict?

Sambeetarts  / Pixabay Mritunjay Pathak OCTOBER 1, 2020 12:04:38 AM Edited by:  Tim Zubizarreta | U. Pittsburgh School of Law, US Mritunjay Pathak, a Fifth Year, B.A. LL.B (Hons.) at Maharashtra National Law University, Nagpur, India, discusses the possibility of classifying India's Naxalism Insurgent Movement as a Non-International Armed Conflict under International Humanitarian Law... Recently, on 22 July 2020, there was an  exchange of fire between Naxals and police  at Korchi in Gadchiroli district of Maharashtra, which is referred to by Maoists as the ‘Liberated Zone’, drawing our attention once again to the insurgency brewing in Central and Eastern India since 1967. Naxalism, also branded as the People’s War, started as a movement to uplift the downtrodden and oppressed people belonging to tribal communities, however, over the time, it has gradually evolved its shape and ideology and is now facilitating the capture of state power through terror and  preaches violence against

Sinocism: Politburo study session on archaeology; Korean War anniversary; Reaper drones; India-China

Politburo study session on archaeology; Korean War anniversary; Reaper drones; India-China Bill Bishop at Sinocism Today’s Essential Eight: Politburo study session on archaeology Regulations on the Work of the Central Committee of the Communist Party of China India-China US-China Chips Coal, winter and net zero carbon EU-China Te-Ping Chen’s book of short stories Housekeeping: China is gearing up for the long holiday for National Day and the Mid-Autumn Festival that starts October 1 and officially runs until October 8. Given the expected absence of news for that week, Sinocism will be off from Thursday 10.1 until mid-next week, barring something big happening. For readers in China, I hope you can enjoy the holiday, it must be nice to consider going about life almost as normal. On October I will be participating in a virtual roundtable with Lingling Wei, David Firestein, and Chris Fenton about the US-China relationship. You can  sign up here . Thanks for reading. The Essential Eight 1.