Fast growing economies

Former Reserve Bank of India (RBI) governor Raghuram Rajan said India is in the midst of a "growth recession" with signs of deep malaise in the Indian economy that is being run through extreme centralisation of power in Prime Minister's Office and powerless ministers.Penning down his recommendations to help the ailing Indian economy out of the ongoing slowdown in the India Today magazine, he called for reforms to liberalise capital, land and labour markets, and spur investment as well as growth.He also urged India to join free trade agreements judiciously in order to boost competition and improve domestic efficiency.Close "To understand what has gone wrong, we need to start first with the centralised nature of the current government. Not just decision-making but also ideas and plans emanate from a small set of personalities around the Prime Minister and in the Prime Minister's Office (PMO). related news Budget-making team of Finance Ministry short of two key officials India … [Read more...] about India in growth recession; real estate & infra in ‘deep trouble’, says Raghuram Rajan

“I joke that my son is about as old as my tenure here,” says Marissa Mayer, the president and CEO of Yahoo. “He showed up when I was about eight weeks in. And I just have this vision that when he gets older, we’re going to have these conversations where he’s going to be like, ‘Okay, so, Mom, your whole career was about search. Tell me what it was like.’ advertisement advertisement And I’m going to be like, ‘Well, there was this web, and we’d crawl it, and rank it really well, and then phones came along. Smartphones! And we just took what we were doing and shrunk it down.’ And he’s going to be like, ‘Really? That was the plan?’ ” Mayer is perched on a chair in a conference room in Building D at Yahoo’s Sunnyvale, California, headquarters. With her MacBook and iPhone, a small ceramic dish of blueberries, and a bottle of Oi Ocha green tea before her, she’s explaining how … [Read more...] about How Marissa Mayer Mobilized Yahoo

Philanthropy’s biggest crux is pretty universal: No matter how much people give to charitable causes, it won’t ever be enough. The world has a lot of problems; many needs will continue to go unmet without broader, systemic change. advertisement advertisement For a growing contingent of so-called effective altruists, that paradox means using some math and logic to calculate what they think is the most strategic way to positively affect the most lives for the fewest dollars spent. Professional poker player Dan Smith likes that logic, so he’s sweetening the pot. Smith, the fourth-ranked player in the world, has cleared about $20 million in winnings on the professional circuit. Between now and the end of the year, he and two other poker and fantasy sports icons, the brothers Martin and Tom Crowley, have promised to match up to $1 million in donations toward 10 cost-effective charities. “I like the idea of reminding people that one person can make a … [Read more...] about This Pro Poker Player Will Match Your Giving To 10 Effective-Altruism-Endorsed Charities