Why The President Will Matter In 2014

Pranab Mukherjee was sworn in the 13th President of India today. He was most recently the Finance Minister of India and the number two minister in the Congress Party after the Prime Minister. Mukherjee's eagerness to become the President and the politicking that went into the process was unusual and might appear strange.

In India's Parliamentary system of democracy, members of parliament are all powerful and the Prime Minister elected by majority in parliament is the head of state. The President is considered a rubber stamp whose role is limited to making speeches, maintaining foregin relations, signing bills approved by parliament into law and, at the end of the general election, inviting the largest party to form the government. His or her role is not unlike that of the Queen of England. More...

Commodities, Windfalls And Capital Misallocation

The New York Times recently published an article about Guar (http://tinyurl.com/ca6bx9h), a mundane crop that has been grown in north-western India for centuries. The reason the article caught my attention is because my family has been one of the beneficiaries of this boom

My ancestors are from the Indian state of Rajasthan and my family has roots in a small town in northern Rajasthan called Sri Ganganagar. Sri Ganganagar was established by Maharaja Ganga Singh of the erstwhile princely state of Bikaner in 1927. Ganga Singh was instrumental in building an irrigation canal that brought water from the river Sutlej in the state of Punjab to the erstwhile princely state of Bikaner. The arrival of the canal converted Sri Ganganagar into the biggest agricultural center in the entire state of Rajasthan (most of which is desert).More...