Mar 17, 2017 - Can India reduce dependence on fickle monsoon?

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Sree Vijaykumar From the Editor's Desk The idea that the poor and the not-so-rich could come to resent the fortunes of the well-off in an unequal and socially stratified society was first articulated by the influential economist Albert Hirschman in a 1973 research paper. Hirschman, who taught, among other places, at Harvard University named this the "tunnel effect". The tunnel effect referred to a parable about multi-lane traffic that the authors used to describe inequality's impact. New York University development economist Debraj Ray presented a modified parable to explain this effect in a 2010 research paper. "You're in a multi-lane tunnel, all lanes in the same direction, and you're caught in a serious traffic jam," wrote Ray. "After a while, the cars in the neighbouring lane begin to move. Do you feel better or worse? At first, movement in the other lane may seem like a good sign: you hope that your turn to move will come soon, and indeed that might happen. You might contemplate an orderly move into the moving lane, looking for suitable gaps in the traffic. However, if the other lane keeps whizzing by, with no gaps to enter and with no change on your lane, your reactions may well become quite negative. Unevenness without corresponding redistribution can be tolerated or even welcomed if it raises expectations everywhere, but it will be tolerated for only so long. Thus, uneven growth will set forces in motion to restore a greater degree of balance, even (in some cases) actions that may thwart the growth process itself." Is this what's happening in India? And does this explain the note-ban benefit the BJP is enjoying right now? More here Advertisers of the day DLF - Crest: Embrace a life made to order a rare opportunity to own your dream home Gartner: New Webinar: Infrastructure and Operations Leadership Vision for 2017   Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails (B2B Decision-Makers, B2C Decision-Makers, TradeBriefs Premium). Can India reduce dependence on fickle monsoon? With India on course to overtake China as the world’s most populous nation, many see water scarcity as a potential regional flashpoint Advt: Employee Banking privileges tailored just for you. Zero Balance Savings Account. Free unlimited transactions* at all Bank ATMs (Know More)   Advt: Lending solutions for all your long-term business needs No company starts big. They grow over time. Standard Chartered will be your companion in this growth journey, giving you solutions that fit your needs at every stage (Know More) Kedaara Capital eyeing stake in microfinance firm Spandana Sphoorty Spandana Sphoorty is in talks with Kedaara Capital to sell over 26% stake in the firm, seven years after being hit by the microfinance crisis in Andhra Pradesh Bharat Petroleum plans to enter travel business with Happy Roads start-up Bharat Petroleum plans to launch Happy Roads start-up, which is aimed at helping travellers plan and execute road trips Job creation is vital for a new India An inclusive India would be one where good jobs are available to all people everywhere, including Dalit men and women in the backwaters of India’s heartlands A step towards ending the era of easy money As US monetary policy returns to normalcy, the global financial system will also have to make the necessary adjustments Private debt vs private equity: What lies ahead? 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Distressed assets remain an attractive space for private capital: KKR's Sanjay Nayar Private equity in India is being recognized as a form of capital that can add a lot more value than just being another fundraising avenue, says KKR India CEO Sanjay Nayar Ability to control exit favours control deals, say PE executives and experts Buyouts or control transactions are on the rise in India and the trend is only going to accentuate going forward, say panellists at Mint Private Equity Conclave Investors puzzled by lack of scalable opportunities Despite the size of the Indian economy, it is a matter of concern that it is not throwing up enough scalable opportunities, say panellists at the Mint India Private Equity Conclave Pigeon Express in talks to buy out Snapdeal’s GoJavas stake Pigeon Express acquired a 51% stake in GoJavas in August 2016; Snapdeal holds a 49% stake in the firm Start-up firms may soon find it easy to wind up Once notified as ‘Fast Track’ they can close in 90 days Bandhan Bank signs pact with Avenues India for customer-support Bandhan Bank, has signed an agreement with Avenues India Pvt Ltd — a payment solution How Rupee rise helps overseas borrowers Overseas loans are typically covered against currency fluctuation risks through a hedging mechanism, which comes at a cost and is therefore avoided by some. Indian economy to pick up once impact of note ban fades: IMF Prime Minister Narendra Modi on November 8 had announced scrapping of old Rs 500 and Rs 1000 notes MPaani raises $1.35 million in IDG Ventures-led funding round MPaani will deploy the capital for scaling technology and data science functions, besides investing in marketing and sales efforts across the country Why DHFL’s decision to sell its life insurance business is being criticised DHFL’s decision to sell DHFL Pramerica Life Insurance to DHFL Investments is being criticised for its complex structure and for allegedly being against the interests of minority shareholders A multifunctional board is required due to a lot of regulatory changes: Arundhati Bhattacharya Most major banks and companies are scrambling to set up a core group or a task force of senior executives from across functions to help understand the impact on business. Pepsi's Tropicana loses 5% of market while Dabur's Real gains 2.5% share New entrant ITCs B Natural and ethnic drinks maker Paper Boat — both marginal players — have gained slightly in the period, the data show. Myntra targets 25% of revenues from private-label brands Opens first physical retail store for ‘Roadster’, its top-selling brand, in Bengaluru Myntra opens first retail store for Roadster brand in Bengaluru The store is also equipped with multiple touch screen displays which provide data on key looks and the Roadster catalog, the company said. Future retail's fashion business on a roll: Rakesh Biyani We sell over 15 crore units of garments every year and our fashion business is now over a billion dollars, said Rakesh Biyani. Food, drink giants plot fightback as India looks to tighten rules The stakes are high for companies like PepsiCo, Coca-Cola, Nestle and McDonald's, which have collectively committed billions of dollars to expand in t.. 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Myntra opens first offline store in Bengaluru Nearly seven months after Myntra announced its intent to go offline, the Flipkart-backed online fashion and lifestyle e-tailer has launched its first offline store in Bengaluru. The 4,000 sq ft store, which will be open to the public tomorrow, would be an exclusive store for what Myntra claims to be its biggest as well as fastest growing private label brand, Roadster. The store is being been positioned more as an experience centre rather than a significant revenue generator. The story behind Snapdeal's increasing cart of woes Even as townhalls have started at Gurgaon-based Snapdeal to soothe anxious employees, over 2,000 employees out of over 4300 have been estimated to be impacted by the company's retrenchment exercise this year. Moneycontrol digs deep to find out what led to the company to this juncture and the way ahead. Pigeon Express in talks to buy out Snapdeal stake in GoJavas Snapdeal has stopped using services of GoJavas and is currently delivering shipments mainly through its own new logistics venture Vulcan Express. Paytm launches its digital wallet play in Canada The company already had a team of data scientists operating out of Paytm Labs in Toronto since 2014. The Three Main Challenges India's Snapdeal Faces In Its Comeback In E-Commerce As part of the deal, the Indian arm of US-based eBay may get into the fold of Flipkart TradeBriefs Publications are read by over 10,00,000 Industry Executives India Business Brief | India Retail News | India Food Brief | India Telecom Brief | India Finance Brief | India Software Brief | India Digital Brief | India Ecommerce Brief | India Franchise Brief | India HR Brief | India Logistics Brief | India Construction Brief About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. 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