Friday, January 30, 2015

Mango Exports: The Cost of a Fruit Fly

 Copy of cover story published in IndiaSpend on 30 Jan., 2015




R. Dinakar, January 30, 2015

Last summer was a bonanza for mango lovers in India. Shoppers were pleasantly surprised to find the king of them all, Alphonso mangoes, piled up on street-carts, alongside the more affordable range of Langra, Dashehari, and Chausa.

Alphonso prices had crashed, thanks to a European Union (EU) ban on mango imports from India.

At the heart of the ban was a tiny fruit fly. Importing countries feared that this exotic pest would infest and destroy their local crops, such as lettuce, cucumber and tomato.

India is the world’s largest producer of mangoes. Its annual output, at 18-19 million metric tonnes (MT), is about 40 per cent of the world’s production.  Yet, only a tiny fraction of production, 41,280 MT in 2013-14 or 0.2%, is exported.

Compare this to the world’s no.1 exporter, Mexico. This South American nation produces some 1.6 million MT of mangoes, and exports about 270,000 MT. That’s around 17 percent!

Productivity in India is low and wastage is high, as our accompanying story explains.

India’s exports were worth Rs 285 crore in 2013-14 and Rs 265 crore the year before, according to APEDA (Agricultural and Processed Food Products Export Development Authority) data. About 60 per cent of its exports are to the United Arab Emirates. Shipments to the EU were around 4,000 tonnes, valued at Rs 50 crore in 2012-13.

In April last year, plant quarantine authorities in Brussels found Indian consignments infested with fruit flies. Mango imports were banned in May, until December 2015.

This week, an EU committee endorsed a proposal of the European Commission to lift the banon the import of mangoes from India, citing “significant improvements” in its certification system.

Export of fruits and vegetables is a complicated business, more so when each country has its own set of requirements.

Japan insists on mangoes being subjected to treatment with hot vapours. The US and Australia buy only irradiated fruits, while others, including the EU, specify hot-water treatment.

These diverse requirements obviously add to export costs. In its advisory to exporters, APEDA specifies that the costs of positioning foreign inspectors, whether American or Japanese, must be borne by export-facility owners.

Last year, India raised these requirements as a “specific trade concern” at the World Trade Organisation, pointing out that the high cost of certification, on account of supervision by US inspectors, made Indian mangoes uncompetitive.

Two developments have somewhat turned the tide in India’s favour.

The first was a report by the Food and Agriculture Organisation (FAO) in October and, more recently, a clarification issued by the EU that its ban is being lifted this year on an assurance from India that all consignments would be processed in APEDA’s hot-water treatment facilities and duly certified before being exported.

The FAO report is quite significant. Until recently, it was assumed that fruit flies were pests unique to India. The EU, USA, Japan and Australia had imposed similar restrictions on imports from other tropical countries, citing infestations from Oriental, Philippine, Invasive and Asian Papaya fruit flies.

A multinational research effort was launched by FAO in 2009 involving nearly 50 researchers from 20 countries. In October 2014, the research team came to an unequivocal conclusion: four of the world’s most destructive agricultural pests are actually the same fruit fly.

Therefore, all four previously-considered distinct fruit-fly species will now be combined under the single name: Bactrocera dorsalis, the oriental fruit fly.


An oriental fruit fly laying eggs in a papaya, Credit: Wikimedia

“This outcome has major implications for global plant biosecurity, especially for developing countries in Africa and Asia,” said Mark Schutze, lead author of the FAO study. “The fruit fly has devastated African fruit production with crop losses exceeding 80 percent and has led to widespread trade restrictions with refusal of shipments of products into Asia, Europe and Japan, and significant economic and social impacts on farming communities”.

Precise identification of pests is central to pest management. Now scientists can focus their attention on developing standard protocols introducing bio-markers and insect birth-control techniques. Standard methods like the introduction of mass-produced sterile Oriental fruit fly males can now be used against all the different populations of this major pest.

Trade barriers based on fears of ‘exotic fruit fly infestation’, may soon become a thing of the past. This season, Alphonso mangoes may not be available for discounted prices in your local market, but the summer of 2015 may turn out to be a happy one for mango farmers, as well as other fruit & vegetable exporters in India.

(Dinakar R. is deputy general manager with Biotech Consortium India Ltd. These are his personal views.)
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REFERENCES:

* FAO: Four in One – New Discovery on Pest Fruit Flies (28 Oct., 2014) -- http://www.fao.org/news/story/en/item/262972/icode/
* WTO – Meeting of the Committee on Sanitary and PhytosanitaryMeaaures (15-17 Oct., 2014) -  http://www.wto.org/english/tratop_e/sps_e/agenda_oct14_e.pdf
* APEDA Advisories-
* Mint (8Jan 2015 -LiveMint) –EU agrees to lift ban on Alphonso mangoes - http://www.livemint.com/Politics/fMXWwNQ0ZCL5ZjVAoGyhGI/EU-agrees-to-lift-import-ban-on-Alphonso-mangoes.html

Monday, January 19, 2015

Open Sesame!


Long ago, when 40 thieves decided to hide their treasure in a cave, the chosen password was "Open Sesame!"

Unfortunately they were rather lax in their security protocols and Ali Baba ran away with all the gold. But a question still hangs in the empty cave, and in my mind - why did they choose the name of a tiny oil seed?

In today's world of international trade, sesame still holds the secret to a treasure trove. Consider this -


  • Until recently, India was the biggest exporter of sesame seeds (now Myanmar is top dog)
  • Japan still holds the record for the biggest importer in the world.
  • Sesame can grow in places where most other crops fail, and yet it has the highest oil-contents of any seed.
The North Indian market is dominated by the white colored sesame while, in in the South, the most commonly available variety is the black one. Ditto for South East Asia and Japan. Why so?

 

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LINKS

* (BS-2No14) - http://www.business-standard.com/article/markets/india-s-sesame-seed-output-to-rise-by-126-shefexil-114110200688_1.html

* Sesame on Wiki - http://en.wikipedia.org/wiki/Sesame




Friday, January 16, 2015

On the MAT


"There were only two things certain in life: death and taxes."

Ben Franklin was quite right when he said this. In India, however, some certainties turn up as an after-thought. MAT is one of them.

Minimum Alternate Tax (MAT) was a term that was perhaps coined by the Americans, and borrowed by the Indian taxman in 2010. The dilemma he faced was fairly straightforward. Under the Income Tax Act (1961), he was expected to tax companies at a standard rate of ~ 30 percent.

Yet, when he went around checking with companies on tax deposited, he found that even the most profitable companies (including those paying dividends), were showing nil or negative income in their tax returns - thanks largely to various provisions under the Companies Act that permitted deductions, depreciation, etc.,

So we had a strange situation where companies would proclaim to its own shareholders about how well their company was performing, but when it came to the tax man, it was a different tune.

The solution was to give the tax payers two choices - calculate your returns the normal way, under ITA(1961), or at 18.5 percent of your book profits under MAT - and pay whichever was higher!

Now the problem with such a blanket rule was that firms located in the so-called "duty-free" zones like SEZs also had to shell out MAT, adding to their woes about doing business in India.

No wonder the SEZ developers are praying for some relief during the forthcoming Budget Session of the Parliament!

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LINKS

* http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=5638

Monday, January 12, 2015

Encryption and Internet Security

The nuts & bolts of the internet may be for geeks, but in the world of e-commerce, ordinary folk constantly face gratuitous emails. Here is one that dropped in today -

Dear Customer XXXX  maintains the highest standards of safety and security on its online trading platform. It undertakes continuous assessments and has precautions in place to ensure that the website's operational readiness and security are not compromised for any reason. Researchers have found that a version (3.0) of a component (SSL) on web browsers which secures your connection is not secure. Hence, ever committed to secure your browsing experience, XXXX will only support higher versions of this component, i.e., TLS 1.0 and above with effect from 21-Nov-2014. This will not affect your trading experience on the  XXXX platform. However, it is strongly recommended to update your browser to its latest version specially if you are on older versions of Internet Explorer (versions 6 and below) and Opera (version 4 and below) to ensure un-interrupted and secured trading. Meanwhile we would request you to kindly change the browser settings as given here to enable TLS 1.0. Please contact our customer care for any assistance. 
Thanking you XXXX

Now what on earth is SSL and TLS?  How can I be sure that one is better than the other?

It seems SSL stands for "Secure Sockets Layer", an encrypton system launched in 1994 by Netscape. It encypts data in a 40-bit or 128-bit format, and sends it across to a sever which has the 'key' to decoding it, based a SSL Certification system.

TLS on the other hand, is "Transport Layer Security" which is based on Netscape's SSL, but, somehow, supersedes it. Like SSL it starts with a system involving an Asymmetric Protocol involving two unequal parts - a 'public key' (in your PC), and a 'private key' (in the vendor's server), but then adds a new layer involving a Symmetric Key, shared like a private secret or a special "handshake". This apparently makes it a bit more difficult for hackers to steal your passwords.

So, until XXXX comes with an email warning that TSL too has been compromised, we shall sing peans to TSL.

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LINKS
* SSL - http://www.webopedia.com/TERM/S/SSL.html
* SSL- Your key to e-commerce security -- http://www.webopedia.com/DidYouKnow/Internet/ssl.asp
* TLS: http://www.webopedia.com/TERM/T/TLS.html
- http://en.wikipedia.org/wiki/Transport_Layer_Security
* ICICIDirect - directions for enabling TSL 1.0

Saturday, January 10, 2015

A Dash of Caustic Soda


Caustic Soda (Sodium Hydroxide) from Wiki

Right on top of my things-to-do this weekend was 'Clean kitchen baffle filters'.

The last time I tried it had turned out to be a right royal mess. I spent a couple of hours with strong detergent, hot water and scrubs, only to see bits of grime wedged deep in the aluminum netting.

This time around I tried a simpler, more elegant procedure from the web. All it took was a dash of caustic soda, rubber gloves and 30 minutes of soak-time. The filters came out looking brand new.

Somewhere along the way, a careless tilt of my gloved hands sent some of the caustic soda dripping down my exposed elbow and upper arms, and I instantly understood the meaning of the term "alkali burn" -- a  soapy, stinging feeling that makes your skin crawl.

What caused this burn? Why was this soda so damn caustic?

The key apparently lies in the sodium ion which is so fond of water that it can bond with as many as 25 H2O molecules! This is enough to break down anything that contains fats or proteins into a gooey mess within minutes.

Here is an excellent article from BBC on how caustic soda has been used by chemical industries, bakers, doctors, cleaners... and murderers!

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Friday, January 09, 2015

Being Mortal in India



A peaceful, painless death is one of life's greatest blessings.

Atul Gawande's latest book is born out of experiences with those who, for most part, did not have this blessing. It discusses the way in which medical technology and social norms tend to mislead, dictate or overrule the options available to those who are terminally ill.

The book also brought back deeply disturbing memories of my father's last days at a hospital in Kerala. Much like a patient described in the book, he to was shuttling between hospitals and diagnostic labs, with an irreversible nervous system failure. Towards the end it was appalling to see somebody who stayed away from hospitals "drugged into oblivion and tubed in most natural orifices as well as a few artificial ones".

Gawande, with his focus on the prevailing healthcare system in USA, misses on some of the more disturbing aspects of what the urban elderly face in India. The fact that my father retired from the central government service prolonged his suffering in more ways than one. The first question they asked you at hospitals was - "He is fully insured under CGHS, isn't he?".

A comprehensive health insurance package seems to have prompted private hospital docs to prescribe drugs, diagnostics and procedures that were completely unnecessary. Towards the end, all the family members had to give a signed undertaking to get him out of the ICU, back into the pay-wards.

The priorities of the elderly, and the terminally ill in India may be the same as those in other countries -- to avoid suffering, strengthening relationships with family and friends, being mentally aware, not being a burden on others,

The challenge is trying to ensure that these priorities take precedence over those of the doctors, the healthcare service providers, pharma & diagnostic companies, as well as 'loving' family and friends.


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LINKS

Homepage - http://atulgawande.com/book/being-mortal/

Tuesday, January 06, 2015

Miyazaki's Arrietty




Today's family movie was Miyazaki's Secret World of Arrietty.

Hayao Miyazaki's Ghibli Collection is a fascinating melting pot of cultural identities. For an animation company named after a wind that blows out of Sahara desert (Sirocco to the Greeks, Ghibli to the Libyans), I wondered where he had picked such a distinctly un-Japanese name as Arrietty.

Turns out that this time Miyazaki had borrowed the name from a 1952 British novel called "The Borrowers"!


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The Borrowers - http://en.wikipedia.org/wiki/The_Borrowers

Why is Albumin Expensive?


Almost every egg has two parts -- a yellow yolk, and a clear, viscous liquid that turns into Egg White when heated. Egg white also goes by the name Albumin.

The human version is called human serum albumin, and it normally constitutes about 50% of human plasma protein. It is made up of water-soluble globular proteins, and it is unusual in the sense that it is not attached to any sugar molecule (not glycosylated), because of which it degrades easily.

Inside our blood, Albumin serves as molecular "taxis" ferrying hormones, salts, fatty acids, and a long list of drugs to their target sites. It also helps regulate the colloidal osmotic pressure of blood, controlling the amount of water in our bodies.

If the albumin molecules are so plentiful in nature (plants, animal tissue, eggs, milk), why is it so expensive in packaged form? Is it the manufacturing process that makes it so expensive? Or the Intellectual Property Rights?

There is no shortage of manufacturers, nor is there a shortage of demand. Albumin Serum is necessary to treat shocks, liver disorders, kidney disorders, and a host of diseases that result in an imbalance of body fluids.

Yet, a locally manufactured product like Alba-20% costs Rs.3900 / 100ml infusion. According to a recent report human albumin is currently scarcely available with prices ranging between Rs.3897 and Rs.4092 respectively.

A part of the problem is policy and regulations. Last year, the government brought out an order (DPCO-2013) which stipulated a price control formula for a list of "essential drugs", including Albumin. This brought the cost of 1ml (20% albumin infusion) to Rs. 36.6.

Considering the prevailing sales price, this does not seem like a huge cut (Rs.39- Rs.36), but many drug companies responded by just stopping the manufacture of Albumin for the domestic markets.

So, thanks partly to a well intended policy, we now have a huge artificial shortage of an essential drug.

The road to hell is indeed paved with good intentions... :(

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LINKS:

* http://www.britannica.com/EBchecked/topic/535912/serum-albumin
* MJ (2002) - The role of albumin in critical illnesses - http://bja.oxfordjournals.org/content/85/4/599.full

* The Drug Price Control Order 2013 - http://www.nppaindia.nic.in/DPCO2013.pdf
* Blood Banks supply plasma to sustain supply of Albumin - http://pharmabiz.com/NewsDetails.aspx?aid=85989&sid=1

- http://en.wikipedia.org/wiki/Human_serum_albumin
- http://en.wikipedia.org/wiki/Glycosylation

Sunday, January 04, 2015

Birding Tips from Bharatpur




In 1938 a hunting party led by the British Viceroy, Linlithgow killed 4,237 birds in one day at Bharatpur. From the look of it, the bird sanctuary is yet to recover from the assault.

Keoladeo National Park does has its bright side, even on cold foggy mornings. Despite the poor infrastructure and facilities, the guides are quite sharp with their spotting scopes. If you find the guides too expensive at Rs.250/hour, the rickshaw drivers (Rs.100/hr) are quite good too.

Plastic bags and packaged eatables are banned in the park. At the far end of KNP, you find a tea stall that stocks biscuits and chips but if you decide to buy a flex-packet, the shopkeeper neatly empties its contents into an less-than-glamorous looking newspaper-envelope before handing it out. So he keeps the packet and you get the chips!

A few other travel tips:

  • Ashok hotel is the best location - it built right inside the park. However, you cannot drive your car in... getting there needs the help of rickshaws
  • The best way to go around is on bicycles. The best ones are usually rented out as soon as the park opens at 6:30 AM... almost none are available by 10AM
  • Take your own snacks (eco-packed), flask along...there is practically nothing available inside
  • The Memento shop has nice pullovers and jackets
  • The surrounding countryside has lots of birds too (like the Sarus Cranes atop)



Deeg Palace




If you thought the old forts and palaces of Agra and Delhi were big, try Deeg.

It is just over 20km from the tourist magnet called Fatehpur Sirki, on the outskirts of Agra. Yet, Deeg seems to attract hardly any visitors.

On the face of it, the town appears to be yet another decrepit urban settlement in Rajasthan. You drive along the familiar dusty, dirty lanes, the same overflowing servers, past the same garbage dumps and pigs....and then you come across this massive piece of work - fortifications, lakes, gardens, pavilions and fountains, right in the middle of nowhere!

What could be the forces that led the Jat kings to invest their  attention, time & money in Deeg?



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LINKS

- ASI - http://asi.nic.in/asi_monu_tktd_raj_deeg.asp
- Braj - http://en.wikipedia.org/wiki/Braj




Wednesday, December 31, 2014

2014 - December: Interesting Articles & Links


* Hand Warmers: How do they work?  -- http://www.wired.com/2014/12/whats-inside-hot-hands/

* China's appetite for pork - http://www.economist.com/news/christmas-specials/21636507-chinas-insatiable-appetite-pork-symbol-countrys-rise-it-also

* In defence of poetry -- http://www.outlookindia.com/article/A-Lovely-Strangeness/292942

* Cortez -- http://www.economist.com/news/christmas-specials/21636686-journey-past-most-mexicans-would-rather-forget-trail-hern-n?fsrc=scn%2Ffb%2Fte%2Fed%2Fpe

* On Evernote -- http://www.labnol.org/software/evernote-tips/18077/
- https://evernote.com/

* Photos - NASA - best from Space 2014 - http://www.wired.com/2014/12/nasa-best-earth-from-space-2014/

* Anti-microbial resistance in India -- http://www.indiaspend.com/cover-story/2-million-reasons-india-should-restrict-antibiotics-45573

* Labnol - Blogging tips -- http://www.labnol.org/internet/blogging/writing-successful-blog/1896/

* Ordinary things under an electron microscope -- http://www.sciencedump.com/content/putting-ordinary-things-under-electron-microscope

* New diagnostic platform - 600 diseases in 6 hrs -- http://www.iflscience.com/health-and-medicine/new-diagnostic-platform-can-detect-over-1000-pathogens-just-6-hours

* Chatterjee, Dev (2014): CIPLA: THE CRUSADER FOR AFFORDABLE DRUGS TAKES THE BATTLE TO MNCs, BS, 24Dec14 --- http://www.business-standard.com/article/companies/40-years-ago-and-now-cipla-the-crusader-for-affordable-drugs-takes-the-patent-battle-to-mncs-114122400009_1.html
- 2001 - Cipla started seelling AIDS drugs to Africa, undercutting MNCs - cost drops from $12,000/patient/yr to $800
- Today more than 8 million Africans are being treated with Cipla AIDS drugs
- Stomach cancer drug - MNCs sell it for $280,000 for 30 tabs -- Cipla sells the same for $6,500
- Yusuf Hamied argues that 70% of patented drugs sold worldwide  are not invented by the owning companies.
- MNCs kill competition with expensive litigation - Cipla paid $200,000/day for each case during court proceedings.
- When US was facing Anthrax and Bird-flu it was ready to break any patents....it was in national interest
- India is in perennial health crisis -- largest number of AIDS patients, diabetes, TB and malaria
- Patents for the TB drug is with an MNC
- Cipla earns 60% of its revenue from abroad -- new acquisitions - Medpro, South Africa ($512m), Yemeni co ($21m) and a drug distributor in Sri Lanka


* Sony's hackers - http://www.livemint.com/Consumer/F5uzgPGZlwIthi2IHzhJRN/Sony-hackers-snooped-for-months-before-planting-virus.html

* lifestyle Changing DNA - Methylation - http://www.financialexpress.com/article/lifestyle/health/how-exercise-changes-our-dna/21596/

* Atul Gawande interview - http://www.livemint.com/Opinion/ZZDSN3krwiyt09OIUy5nYI/The-art-of-living.html

* How Japan gave away its solar industry -- http://www.technologyreview.com/featuredstory/533451/can-japan-recapture-its-solar-power/
- According to METI, developers installed nearly 10 gigawatts of renewable generating capacity through the end of April 2014, including 9.6 gigawatts of photovoltaics. (The nuclear reactors at Fukushima Daiichi had 4.7 gigawatts of capacity; overall, the country has around 290 gigawatts of installed electricity-generating capacity.)
- Between 1985 and 2007, Japanese researchers filed for more than twice as many patents in solar technologies as rival U.S. and European inventors combined. Companies like Sharp, Sanyo Electric, Panasonic, and Kyocera became the clear leaders in solar technology.
- Japan’s 10 utilities were (and remain) vertical monopolies. Each controls power generation, transmission, and distribution in its respective region, and its grids are designed to deliver electricity from centralized power plants—including large nuclear reactors.
- The interconnection problem is further compounded by an artifact: two AC frequencies that split the country’s electrical system in half. Eastern Japan operates at 50 hertz, while western Japan uses 60-hertz power—a barrier that proved crippling in 2011, in the immediate aftermath of the Fukushima disaster
- HIT - heterojunction with intrinsic thin layer, the hybrid technology has become a mainstay of the company’s solar strategy.
- The Koriyama R&D facility boasts state-of-the-art labs for crystallizing, slicing, and patterning silicon wafers, and its production line can churn out up to 360 wafers an hour. Outside, a variety of photovoltaics are being tested, along with a modest-sized wind turbine and a large grid-connected battery. Its most ambitious program is directed by Makoto Konagai, one of Japan’s most celebrated solar scientists, who has moved to Koriyama from the Tokyo Institute of Technology.


* MSF - Single dose vaccine against Kala Azhar - http://www.msfindia.in/msf-supports-introduction-and-roll-out-single-dose-treatment-kala-azar-bihar


BS - Basu, Debasis (15Dec14): Make in India - Beyond the Slogan -- http://www.business-standard.com/article/opinion/debashis-basu-make-in-india-beyond-the-slogan-114121400577_1.html

* Anti-Microbial Resistance - http://www.project-syndicate.org/commentary/global-economics-drug-resistance-by-jim-o-neill-2014-12#
- We must encourage policymakers to support the development of the best diagnostics. Quicker, more accurate diagnoses will curb the current overreliance on antibiotics – a key requirement for combating resistance.

* 2000% return on Malaria investment -- http://www.indiaspend.com/cover-story/how-india-got-2000-return-on-anti-malaria-investment-94139

* Enadu and Chairman Rao - http://www.caravanmagazine.in/reportage/chairman-rao

* WSJ - Photos of the Year - http://graphics.wsj.com/Photos-of-the-Year/2014/en:date:January:1

* What is Fatigue? -- http://www.newyorker.com/tech/elements/what-is-fatigue


* Auletta, Ken (2014): BLOOD, SIMPLER, The New Yorker, 15Dec14, http://www.newyorker.com/magazine/2014/12/15/blood-simpler
- The plummeting costs of DNA-sequencing technology have made it possible for companies such as 23andme to provide individuals with their genetic information directly, rather than through doctors, empowering nerdy customers and self-motivated patients.
- Most other diagnostic labs, including Quest and Laboratory Corporation of America, perform blood tests on equipment that they buy from outside manufacturers, like Siemens and Roche Diagnostics. Before those devices can be sold, they must be approved by the F.D.A.

* Japan's ultra-nationalists 
- http://www.nytimes.com/2014/12/03/world/asia/japanese-right-attacks-newspaper-on-the-left-emboldening-war-revisionists.html
- NYT ed - http://www.nytimes.com/2014/12/04/opinion/whitewashing-history-in-japan.html?module=Search&mabReward=relbias&
- Rebuttal - http://www.nytimes.com/2014/12/15/opinion/japans-wartime-record.html

* What is the definition of a Good Life? -- http://www.huffingtonpost.com/smita-malhotra/redefining-happiness-in-india_b_6276642.html

* What you learn in your 40s -- http://www.nytimes.com/2014/03/01/opinion/sunday/what-you-learn-in-your-40s.html

* Gold in Diagnostics -- http://www.gold.org/advanced_by_gold/#!science-en
* Diagnostics -- http://www.health.harvard.edu/diagnostic-tests/

* Buildings - Architecture -- http://www.buzzfeed.com/autodeskeducation/the-most-unique-pieces-of-architecture-around-the-worl?b=1

* The geopolitical impact of cheap oil -- http://www.project-syndicate.org/commentary/oil-prices-geopolitical-stability-by-martin-feldstein-2014-11

* Plants vs Solar PVs -- http://www.economist.com/blogs/economist-explains/2014/12/economist-explains-1?fsrc=scn/tw/te/bl/ed/howplantsexploitsunlightsoefficiently

* Obituary - Justice Krishna Aiyer - http://scroll.in/article/693239/Justice-Krishna-Iyer-was-a-judge,-conscience-keeper,-legend,-enigma,-seeker

* The cost of a new drug -- http://www.economist.com/news/business/21635005-startling-new-cost-estimate-new-medicines-met-scepticism-price-failure?fsrc=scn/tw/te/ed/pe

* Economist - The Spy who hacked me -- http://www.economist.com/news/international/21635044-malicious-computer-code-making-spooks-job-easier-ever-spy-who-hacked-me

* Sony - Cybersecurity - Malware -- http://www.reuters.com/article/2014/12/02/us-sony-cybersecurity-malware-idUSKCN0JF3FE20141202
* SOny got hacked hard -- http://www.wired.com/2014/12/sony-hack-what-we-know/?mbid=social_twitter

Sunday, December 21, 2014

Children of Gebelawi



It seems Egyptian author and Nobel laureate Naguib Mahfouz got stabbed in the neck for writing this book.

What was so offensive about "Children of Gebelawi"?

When I picked this book, I was hoping to come across the kind of stuff that riles up the zealots and fanatics. Instead of this, it seemed no more offensive than a stretched out narrative of a family patriarch who has a looming presence (just like the cover!) across five generations. It is about 'chiefs' who lord over their respective quarters, rebellious youngsters and murderous siblings.

It seems many folks in the Middle East were offended by the allegorical portrayal of God.

From what I could make out God and religion are not even marginal to the story-line.

So is it a case like "PK" in India where self-appointed guardians of religion went berserk, and seemed quite delighted to find an opportunity to get offended?

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Wednesday, December 10, 2014

Plants, Light & Excitons

Once in a while, the Economist publishes an article where the reader's comments turn out to be a lot more interesting than the original piece. Here is one  -

TE (3Dec14): HOW PLANTS EXPLOIT SUNLIGHT SO EFFICIENTLY - http://www.economist.com/blogs/economist-explains/2014/12/economist-explains-1?fsrc=scn/tw/te/bl/ed/howplantsexploitsunlightsoefficiently

The main point of contention is this claim by the TE author -
"The very best photovoltaic cells, the kind seen on many roofs, convert sunlight to electrical energy with an efficiency of around 35%; for more affordable cells the figure is closer to 20%. Plants accomplish the same process with about 90% efficiency during the first stage of photosynthesis."

Are plants really so efficient?

A reader contests this claim by quoting three articles:


  • Scientific American (2011): http://www.scientificamerican.com/article/plants-versus-photovoltaics-at-capturing-sunlight/
  • ScienceMag - http://www.sciencemag.org/content/332/6031/805.full
  • Current Opinion in Biotech (2008): http://sippe.ac.cn/gh/2008%20Annual%20Report/Zhu%20X-G.pdf


He then reiterates the original question - where did TE source the '90% efficiency' figure?

No answers yet from the Economist.

Friday, December 05, 2014

Treating Nephrotic Syndrome in India


Last week we learnt the difference between a Syndrome and a Disease.

Our hyperactive, skinny four-year-old son, Aki,  had just recovered from a cough & cold, when he suddenly started looking a lot healthier. His cheeks filled out and his clothes started getting tighter. We were rather pleased at first -- until we realized that he had been putting on about 300g everyday without any significant change in his diet.

Our pediatrician recommended three tests (blood, urine and chest x-ray), and told us  to immediately cut down on Aki's salt and fat consumption while increasing his intake of proteins  - especially egg whites. The tests soon confirmed what he suspected:  loss of protein in urine (proteinuria), retention of water within the body (edema), high cholesterol and creatine levels -- a classic case of Nephrotic Syndrome (NS).

A syndrome is a set of symptoms or conditions that suggest the presence of a disease. In the case of Nephrotic Syndrome, all the symptoms do not even point to a disease but merely signal the onset of  a sudden change in the functioning of one set of cells within our kidneys, the nephrons.


The nephrons contain two parts - a wool-ball shaped Glomerulus, and a long, coiled Tubule. Blood is filtered by the glomerulus and the filterate goes down the tubule which  takes back useful stuff and excretes the harmful ones as urine. Under NS, the glomeruli - quite inexplicably - start removing protein molecules from the blood. This is unusual, not only because proteins are usually large, heavy molecules, but due to the fact that proteins are rarely wasted; the body needs them build and repair tissues.

Aki's body had swelled up from 14kg to 18.5kg in less than ten days. So the doctor prescribed diuretics to reduce accumulated body fluid, and, rather disconcertingly, an extended three-month dosage of steroids. Sensing our alarm, the doctor said that we had two options: Prednisolone, a corticosteroid that had been tried & tested for the past 35 years. Possible side-effects included stomach pain, high BP, change in body appearance, increased hair and retardation of growth. The alternative was to go for a more recently developed drug with possibly milder side-effects.

So the Rx was:

  • Deflazacort - Defcort 18mg (twice a day * 7 days) - Glucocorticoid
  • Lasix 20mg (once a day * 2 days) - Diuretic
  • Multivitamins, calcium supplements, antacids

Two days later, when the swelling refused to subside, we went for a second-opinion to a specialist Pediatric Nephrologist at Apollo Hospital. The elderly doctor felt that the diagnosis was spot-on but the prescription had to be changed. He handed us a useful booklet titled "Nephrotic Syndrome in Children", and reverted to the tried-and-tested protocol:

  • Prednisolone (Omnacortil / Wysolone - 20mg morning; 15mg evening) - Glucocorticoid
  • Zylynix one 2.5mg  dose followed by Lasix 40mg (once day * 3 days)
  • Continuation of the multivitamins (Zincovit), calcium (Ostocalcium) and antacid (Digene)

The effects were immediate. Almost overnight, Aki's body-weight came down from 18.5kg to 16kg. The side effects too were just as we were warned, especially the stomach aches, the tendency to be "excessively happy, quiet or abnormally active".

We are now one week down with the drugs, with five more to go...


----------------------------------
Unanswered Qs:

- How was NS treated before the discovery of steroids?
- Why are cortocosteroid tablets so cheap? (not that I'm complaining!) - The new corticosteroid, Defcort-18mg cost Rs.19/tab while the older formulation costs just few paise!
- How do the steroids plug the sieves in the Glomeruli? What else does it do within the body to other organs?
- What makes the tablets so bitter?

----------------------------------
LINKS & REFERENCES:

* Srivastava, RN (1975): Nephrotic Syndrome in Indian Children, Archives of Disease in Childhood, 1975 - url - http://europepmc.org/backend/ptpmcrender.fcgi?accid=PMC1545499&blobtype=pdf
* Comparing Glucocorticoids: Prednisolone vs. Deflazacort - http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2763756/



Wednesday, December 03, 2014

The Beetles

Can't wait to get my hands on this -



Review: Wired - http://www.wired.com/2014/12/field-guide-strange-surprising-world-beetles/ 

Sunday, November 30, 2014

The Fifth Dimension?




The movie has got rave reviews but I've just not been able to figure it out.

A farmer-cum-test-pilot leaves his dusty home, gets launched into outer space,  travels into a 'worm-hole' sitting next to Saturn, into another galaxy...only to turn up behind a bookshelf in his own house!


-------------------------------------------
LINKS

Wiki - http://en.wikipedia.org/wiki/Interstellar_%28film%29



2014 November - Interesting Articles & Links

* On Credit: Lecture by Raghuram Rajan @IRMA - http://rbi.org.in/scripts/BS_SpeechesView.aspx?Id=929

* A runner with Multiple Sclerosis -- http://fbshare.sfglobe.com/2014/11/24/coach-catches-teenage-runner-with-multiple-sclerosis-during-every-race

* My fight to save my daughter's skin -- http://www.theguardian.com/lifeandstyle/2014/nov/22/our-fight-to-save-sohana-research-fund

* WWI Christmas Advt -- http://rare.us/story/this-wwi-themed-christmas-ad-is-blowing-up-the-internet/I4kIekAb4HJySAZR.01

* Japan - Kanto vs. Kansai -- http://www.tofugu.com/2014/02/19/kansai-vs-kanto-why-cant-we-all-just-get-along/

* JICA President interview -- http://www.livemint.com/Politics/DS5eiTE463xMEkJFTCk3BJ/India-will-continue-to-be-one-of-Japans-biggest-partners-A.html

* W3 - The Group that Rules the Web - http://www.newyorker.com/tech/elements/group-rules-web

* Pesek,W: Japan should be more German -- http://www.japantimes.co.jp/opinion/2014/11/24/commentary/japan-commentary/japan-german

* Shiv Vishwanathan on Nehru -- http://www.thehindu.com/opinion/lead/opinion-on-jawaharlal-nehru-125th-birth-anniversary/article6600161.ece

* NYT on the Gita -- http://www.nybooks.com/articles/archives/2014/dec/04/war-and-peace-bhagavad-gita/

* Mangos to Japan -- http://www.business-standard.com/article/economy-policy/japan-comes-calling-on-mango-import-114112400717_1.html

* Japan architecture award winners - http://ruartecontract.com/architecture-pritzker-awards-japanese-winners-together/?sthash.P0bEt7n6.mjjo

* Bangladesh - Blood Water (Salil Tripathi) -- http://www.caravanmagazine.in/essay/blood-water

* Landmark infra projects -- http://www.livemint.com/Companies/ro4NCfgJxmLAAsSzubal8K/Delhi-Metro-Yamunaexpressway-in-KPMGs-list-of-worlds-mos.html

* How to use a Consultant -- http://epaperbeta.timesofindia.com/Article.aspx?eid=31818&articlexml=How-to-use-a-consultant-14112014252005

* Pakistan - Informants behind the drone strikes -- http://www.thedailybeast.com/articles/2014/11/12/obama-s-deadly-informants-the-drone-spotters-of-pakistan.html

* Steve Jobs, Kids and iPads -- http://theunboundedspirit.com/why-steve-jobs-didnt-let-his-kids-use-ipads/

* Architect Sou Fujimoto's Futuristic Spaces -- http://online.wsj.com/articles/architect-sou-fujimotos-futuristic-spaces-1415238522?mod=e2tw

* The Pierre Omidiar Insurgency -- http://nymag.com/daily/intelligencer/2014/10/pierre-omidyar-first-look-media.html

* 36 People Who Run Wikipedia -- https://medium.com/matter/the-36-people-who-run-wikipedia-21ecca70bcca?curator=MediaREDEF

Thursday, November 27, 2014

Is There a Way Around Roundup?



Rapeseed / Canola (pic-Wiki)

Earlier this year, India's edible oil imports hit a record high. It has cost us over Rs. 60,000 Crores to import over 11.8 million tonnes of cooking oil. For the past few years domestic production has remained stagnant at around 7 mT.

Interestingly a significant portion of the imported oil comes from Genetically Modified (GM) crops. Soyabean oil imported from South America is GM, and so is the Canola oil imported from Canada and Australia. Recently the import of Canola has stalled, not because of GM/Healthcare issues, but because the Indian regulatory agency (FSSAI) wants it to be re-labeled as "imported rapeseed low erucic-acid oil".

Technically, this is exactly what Canola is - modified Rapeseed. It was Canadian scientists who managed to reduce the acid content in rapeseed through classical breeding, and then Monsanto went on to make it tolerant to certain herbicides ("Roundup Ready") through genetic interventions. They then went on to become the largest producers of oil, and gave it a name that sounds a lot more palatable than "Rapeseed".

In 2012, Canada exported 16,000 tonnes of canola. More than 80% of this oil crop grown in Canada is the herbicide resistant GM variety. Paradoxically much of this goes to countries that have officially banned GM crops for human consumption.

If we can import and consume GM edible oil, why are we so muddled about conducting field trials that can enable our own farmers earn more, while at the same time, cutting down our import bills?

Perhaps much of the suspicion and angst comes from the fact that most genetically modified crops (including Roundup Ready) are developed to be pesticide and herbicide resistant, rather than directly increase the yield of a given crop.

So the question is -- how do we selectively promote public funded, non-MNC-inspired GM crops that focus on increasing yield and drought resistance - things that really matter to local farmers?

-----------------------------------------------------
REFERENCES & LINKS

* Edible Oil Imports 2014 -- http://www.business-standard.com/article/markets/indias-dependence-on-imported-edible-oil-to-hit-new-record-114041900395_1.html

* http://www.thehindubusinessline.com/government-and-policy/antigmo-activists-undermining-regulator/article6636942.ece 


* (ToI, 8Aug14): LABELING ROW HALTS CANOLA OIL IMPORTS -- http://timesofindia.indiatimes.com/business/india-business/Labelling-row-stalls-Canola-oil-imports/articleshow/39835966.cms

- India has been importing canola oil since 2007
- It is one of the largest selling oils in several countries, including US, Canada, Mexico, Australia, Japan, China and Pakistan
- FSSAI wants Canola oil labelled "imported rapeseed-low erucic acid oil"

* (BL, 11Sep13): IMPORT OF CANOLA OIL MAY DOUBLE NEXT YEAR -- http://www.thehindubusinessline.com/industry-and-economy/agri-biz/import-of-canola-oil-from-canada-may-double-next-year/article5117300.ece 

- Canada, the largest exporter of canola oil exported about 16,000 tonnes in 2012 from about 400 tonnes in 2011.
- In India, canola oil is sold under brands such as Hudson, Jivo and Sattvic and the price ranges from Rs.170 to Rs. 395 a litre. 

* CANOLA COUNCIL OF CANADA - http://www.canolacouncil.org/oil-and-meal/canola-oil/canola-the-myths-debunked/

- In the late 1960s, plant scientists used traditional plant breeding methods to get rid of rapeseed's undesirable qualities - erucic acid and glucosinolates - to create Canola
- about 80% of the canola grown in Canada has now been modified using biotechnology to make it tolerant to some herbicides.
- When rapeseed oil is fully hydrogenated, its erucic acid becomes behenic acid - a natural saturated fatty acid found in peanuts and peanut butter. 

* Erucic Acid - http://en.wikipedia.org/wiki/Erucic_acid

* MIT - Roundup Ready Crops -- http://web.mit.edu/demoscience/Monsanto/about.html



Monday, November 24, 2014

A Half Marathon to Remember

 (ADHM 2014 - pic - BS)


"Chin-up!! Just 300 meters to go!" 

Music to my ears.

This was one of the best things I heard during during Sunday's Airtel Delhi Half Marathon (ADHM). The fact that it came from a co-runner speeding past us made it so much more... credible. Thanks to him, and to numerous other unknown runners who helped me keep pace, ADHM-2014 turned out to be my best race yet.

I finished the 21.095 km in 1 hour 55 minutes.

ADHM this year was memorable in other ways too. It was a lot better organised than the Mawana Half Marathon I ran last year.

Yesterday, at 5:30AM in the morning, the organizers had set in place adequate volunteers and security guards to facilitate a smooth flow of vehicles and participants into their respective enclosures. Plenty of portable toilets and water stations had been set in place. As more and more runners crowded into their designated enclosures, keeping themselves busy jogging, stretching and warming up, a knot of youngsters stood around an elderly gentleman, seated on a low platform, wearing a yellow t-shirt captioned "Born 1932". This was the well-known veteran marathoner, Wg Cdr. Dr. Ashis Roy.

At 83 years, Dr. Roy is one of the oldest runners in India. He had started running marathons after crossing 50, and had competed more than a hundred full-marathons. He joked about ADHM's pathetic obsession with "Elite Runners" when globally the sport was celebrated precisely because it was egalitarian. "Anybody, anywhere can do it! You don't even need shoes to run!... It is like a festival -- you can make so many friends - just like today!".

When somebody joked that the 21 km would be a breeze, he pointed out that age had been catching up with him. A recent spine injury had earned him four screws that held his vertebrae together. And thanks to arthritis, he now needed help "to warm-up till the start-line". So when the gates opened, we held hands and jogged till the start-line with its huge time banner flashing "07:11 AM", into a sea of swinging elbows.

Out of the stadium, on to the open roads, it was frustrating to be dodging and weaving through crowds. Many 'runners' had started walking even before the 2 km mark! The crowds gradually dwindled only after India Gate, and by this time the "Elite Runners" - mostly lithe African runners in graceful, long strides - were already touching the finish line.

The trick for inexperienced runners like me was to find the right group of 'pace-setters'. It was helpful to see runners with timing flags. I had passed the "2:15 Bus" flag around Purana Qila and kept close to the "2:00 Bus" until Parliament Street. From here on, sensing that my body could maintain a certain pace, I had selected two faster runners to track - one in a yellow-T sporting "Delhi Runner - Rahul" and a Japanese runner sporting a blue outfit. This worked quite nicely -- right until the finish line.

Across the finish line it suddenly hits you -- that heady, giddy feeling, just like when you're drunk. Your legs hurt and wobble but they keep going, taking you past other exhausted runners, sitting on the steps or sprawled in the Recovery Zone. They take you to the refreshments zone, and to the finishers medal around your neck.

For the next couple of days the legs hurt like crazy and you swear never to run like this again. Then, a few days later, it all seems like a forgotten dream and you are searching for your running shoes, once again.

------------------------------------------------
LINKS & REFERENCES

* Ashis Roy - Marathon Man - http://www.theshillongtimes.com/2013/04/07/marathon-marathoner/

* Airtel Delhi Half Marathon -- http://adhm.procamrunning.in/
* Timings - Bib no. 31605 -- http://www.timingindia.com/beta/result.html
* Results Link - http://www.timingindia.com/beta/my-result-details/MzE2MDU6dGltaW5nX3IxNDExX2RlbGhtX2VsaXRl#head
* Certificate - http://www.timingindia.com/certificate/MjI5NDozMTYwNTomSSY3Ng==
* Pics - http://adhm.procamrunning.in/marathon-photos/

* ADHM-2014 Winner - Guye Adola (Ethiopia) - http://www.thehindu.com/news/cities/Delhi/ethiopian-guye-adola-wins-delhi-half-marathon/article6626915.ece
------------------------------------------------

In a different context, the graphic from the Economist nicely illustrated the problems during the first 5km of the half-marathon:



Friday, November 07, 2014

Going Bananas




A recent article in the EPW, titled "GM Crops and Global Trade" points out that - "one company controls two-thirds of banana germ plasm of the world, four companies have 30% global market of seeds, and just six multinationals account for 77% of the pesticide market."

This got me curious.

How is it possible for one company to control two-thirds of banana germplasm? Does this mean that it has a hold over the myriad banana varieties dangling at a fruit-vendor's stall in Kerala?

If something seems out of place, it probably is.

According to the International Musa Germplasm Transit Center (ITC-Belgium), the center is "home to the world’s largest collection of banana (Musa) germplasm". ITC has over 1400 sample of edible and wild species of banana, cryo-preserved at -196C. Most importantly, it is not owned by any company and is therefore "freely available for international distribution upon request".

Perhaps the EPW article meant to convey that two-thirds of banana trade is controlled by one company. But even this is contrary to a recent FAO report which states -

FAO's review of the three largest banana traders (Chiquita, Dole and Del Monte), shows that the combined market share of the top three companies was at its highest the 1980's, when they controlled almost two-thirds (65.3 percent) of global banana exports, while in 2013, their market share was slightly over one-third (36.6 percent).

The global banana market is worth US$ 7 billion. Amazingly, nearly all the trading happens in only one variety of banana: Yellow-skin Cavendish.

Contrast this with the amazing variety of bananas available in South India. Even the humblest fruit-seller would have on display, at least five different types of the fruit on any given day. India's National Horticulture Board lists more than 11 varieties of banana including - Robusta, Rasthali, Poovan, Nendran, Red-Banana (Kappa Pazham), Virupakshi, Panchanadan, Monthan and Karpuravalli!

So, far from controlling two-thirds of banana germplasm, the MNCs have only focused one single variety. It is as though all the florists in the world were stocking only roses or as though all the eateries were serving just burgers.

This also one reason why the supermarkets will never overrun the local  kirana shops and chaya-kada's -- they just cannot offer ten different types of bananas!


-------------------------------------------

REFERENCES & LINKS:

* Singh, Sukhpal (2014): GM CROPS AND GLOBAL TRADE, EPW, 18 October 2014 -- http://www.epw.in/commentary/gm-crops-and-global-agri-trade.html

* ITC Belgium - http://www.bioversityinternational.org/research-portfolio/conservation-use-of-bananas-tree-crops/international-musa-germplasm-transit-centre/

* (Reuters, 27 OCt 2914) -- http://www.reuters.com/article/2014/10/27/us-chiquita-brands-m-a-cutrale-safra-idUSKBN0IG16J20141027

* FAO - The Changing Face of Global Banana Trade - http://www.fao.org/news/story/en/item/224807/icode/

- FAO Full Report (2014) - http://www.fao.org/docrep/019/i3746e/i3746e.pdf

* CGIAR - http://cropgenebank.sgrp.cgiar.org/images/file/procedures/collecting2011/Chapter3-2011.pdf

* National Horticulture Board (NH‌B), India - Banana Varieties - http://nhb.gov.in/fruits/banana/ban013.pdf

Wiki - http://en.wikipedia.org/wiki/Banana
- Enset - http://en.wikipedia.org/wiki/Ensete_ventricosum -- 'False Banana' grown in Ethiopia for its edible roots!

Tuesday, November 04, 2014

BHEL, Maruti-Suzuki and SAIL



For once, I was glad to read a bureaucrat's memoir. All the more so because I had seen the man in action between 2005-2008, and never knew that he had so much to write about!

V. Krishnamurthy was the Chairman of the National Manufacturing Competitiveness Council (NMCC) while CII were trying to get IITs and IIMs interested in Prof. Shoji Shiba's attempts to replicate the Visionary Leaders for Manufacturing (VLFM) program in India. I was with JICA, the Japanese funding agency that initially funded this program.

All I knew about VK, the towering, portly gentleman with a heavy voice, was that he was the driving force behind a JV that launched the automobile sector in India: Maruti-Suzuki.

Thanks to the memoir, now I know that there was a lot more to VK than the 'common-man's car'. He started his career at the Planning Commission, opted to get his hands dirty at BHEL-Tiruchirapalli and then - thanks to the patronage of the Gandhi family - went on to head the group, and make a mark for himself as the man who turns around Public Sector companies.

Indira Gandhi selected VK to turn her son's dream project into reality, and then Rajiv Gandhi got him to straighten out SAIL.

This is the sort of book that makes you wonder -- How many brilliant managers has India lost for the want of political patronage?

-----------------------------------------------------

REFERENCES:

* Krishnamurthy V (2014): AT THE HELM, Harper Collins India, 2014

* Review - Business Line (25 May 14) - Krishnamurthy V (2014): http://www.thehindubusinessline.com/opinion/for-the-public-good/article6046546.ece





Friday, October 31, 2014

2014 October - Interesting Articles & Links

* Questions to ask about Art - http://scroll.in/article/685177/Three-questions-not-to-ask-about-art-%E2%80%93-and-four-to-ask-instead

* 100 Books -- http://www.telegraph.co.uk/culture/books/4248401/100-novels-everyone-should-read.html

* Iran Hanging -- http://timesofindia.indiatimes.com/world/middle-east/Heartbreaking-last-message-of-hanged-Iranian-woman-Reyhaneh-Jabbari-to-her-mother/articleshow/44951392.cms?intenttarget=no

* Multitasking Marathoner -- http://cityroom.blogs.nytimes.com/2014/10/30/new-york-today-multitasking-marathoner/

* Fruit flies -- all one species -- http://www.fao.org/news/story/en/item/262972/icode/?utm_source=twitter&utm_medium=social+media&utm_campaign=FAOnews&utm_content=gk

* Ebola - Z-Mapp vaccine from tobacco leaves -- http://www.biospectrumindia.com/biospecindia/interviews/219252/-india-stay-prepared-emergency-response/page/2

* Shirking at Work - Skiving - http://www.economist.com/news/business/21627649-how-thrive-work-minimum-effort-guide-skiving

* Mukul Kesavan on the Trilokpuri Riots -- http://www.telegraphindia.com/1141027/jsp/opinion/story_18966898.jsp#.VE3SDfmUezy

* Insights on becoming a writer - http://99u.com/articles/7082/25-insights-on-becoming-a-better-writer

* Google hires -- http://qz.com/285001/heres-why-you-only-have-a-0-2-chance-of-getting-hired-at-google/

* A Soldier on Haider - http://agniveer.com/a-soldier-reviews-haider/

* Linguistic family tree -- http://mentalfloss.com/article/59665/feast-your-eyes-beautiful-linguistic-family-tree

* Ebola -- http://www.nytimes.com/interactive/2014/07/31/world/africa/ebola-virus-outbreak-qa.html?smid=tw-nytimes&_r=0

* Personal Essay's - Conquering Journalism -- http://www.washingtonpost.com/posteverything/wp/2014/10/10/how-personal-essays-conquered-journalism-and-why-they-cant-cut-it/

* Labnol - 10 Google links you should know -- http://www.labnol.org/internet/important-google-urls/28428/

* Leonard Susskind - The man who proved Stephen Hawking wrong -- http://linkis.com/www.telegraph.co.uk/snViq

* Satyarthi wins Nobel - #DontLookAway -- https://www.youtube.com/watch?v=dR2sJ9VtcjI

* India's Mars Mission - EPW - http://www.epw.in/system/files/pdf/2014_49/40/ISROs_Mars_Mission.pdf

* Crusader against India's obsolete laws -- A crusader against obsolete laws in #India -- http://www.business-standard.com/article/current-affairs/newsmaker-parth-j-shah-114100901259_1.html #MiltonFriedman #AynRand

* A virus called Huang Long Bing -- http://sipav.org/main/jpp/volumes/0106/010602.pdf

* Mangalyaan -- http://www.scidev.net/south-asia/enterprise/news/india-s-mars-mission-cue-for-third-world.html

Wednesday, October 29, 2014

Poster - Modern Times


Every time you see the Modern Times, you notice something new.

Who, for instance, designed this neat poster for the "funniest movie of them all"?





Friday, October 24, 2014

The New Banks


This Friday will see the emergence of a new bank backed by China - the Asian Infrastructure Investment Bank (AIIB). The Americans are not exactly pleased.

Since the end of the second World War, global finance has been dominated by the Bretton Woods institutions - World Bank (WB) and the International Monetary Fund (IMF). Both were created in 1944-45. Two decades later, in 1966, the Japanese economic miracle triggered the emergence of the Asian Development Bank (ADB).

The emergence of China as an economic powerhouse, and the reluctance of the WW2 champs to accommodate it, has resulted in the creation of two new banks this year - the BRICS Bank (now the New Development Bank), and now, AIIB.

The story so far can be summarized as follows:



State-owned development arms of the Chinese government are already dwarfing USA's presence. Earlier this week, the chairman of the US government’s Export-Import Bank said Chinese institutions had doled out an estimated $670bn in just two years, compared with ExIm’s outlay of $590bn in loans, guarantees and insurance over eight decades.

How long will it take for NDB and AIIB to upset the Bretton Woods apple-cart?


-------------------------------------------
REFERENCES:

* (11 Nov'14) - Economist - http://www.economist.com/blogs/economist-explains/2014/11/economist-explains-6

* (22Oct14) - NYT - http://www.nytimes.com/roomfordebate/2014/10/20/a-chinese-rival-to-the-world-bank/the-creation-of-the-asian-infrastructure-investment-bank-is-the-right-move-for-the-global-economy

* (24Oct14): Reuters - ADB chief doesn't welcome Chinese-backed Chinese rival - http://www.reuters.com/article/2014/10/24/us-china-adb-idUSKCN0ID0GJ20141024

*  (2Sep14) - Straits Times- Asian investment bank: Realigning the status quo - http://www.straitstimes.com/news/opinion/more-opinion-stories/story/asian-investment-bank-realigning-the-status-quo-20140902#sthash.EO9tucGM.dpuf
- According to ADB, countries in Asia need US$8 trillion (S$10 trillion) to cover their national infrastructure needs for the period 2010 to 2020. This works out to an average of US$800 billion a year. Currently, ADB lends only about 1.5 per cent of this amount annually.

* http://en.wikipedia.org/wiki/Asian_Development_Bank
* World Bank - FAQs -- http://web.worldbank.org/WBSITE/EXTERNAL/EXTSITETOOLS/0,,contentMDK:20147466~menuPK:344189~pagePK:98400~piPK:98424~theSitePK:95474,00.html
* NDB / BRICS Bank - http://en.wikipedia.org/wiki/New_Development_Bank

Monday, October 13, 2014

A Nobel for Triole's Economics


An excellent article explaining the work of this year's Nobel Prize winner in Economics - Jean Triole.

Cassidy, John (2014): WHY JEAN TRIOLE WON THE ECONOMICS NOBEL, The New Yorker, 13 October, 2014, URL - http://www.newyorker.com/news/john-cassidy/worthy-economics-nobel-jean-tirole.

After seeing the profs at Tsukuba-U in action, I loved this opening jab on the subject:

"....setting aside the merits or demerits of individual awards, the very existence of the prize has contributed to the pretense that economics can, with the application of enough mathematics, be converted from a messy social science into a hard science along the lines of physics and chemistry."

-------------------------------------------------

MORE LINKS:

Business Standard Editorial (14 Oct'14) -- http://www.business-standard.com/article/opinion/a-nobel-for-incentives-114101301276_1.html
- "PPP contracts [between a bureaucrat and a company] need to be carefully reviewed by independent authorities that can expose hidden rent backloading... PPPs can be expected to entail higher transaction costs." It is worth noting that this paper has been available since June 2007. This insight is something that Indian policymakers are only now accepting after considerable pain - though a clear independent authority is still not even on the anvil.