Sree Vijaykumar |
From the Editor's Desk
Once upon a time, we hated Wall Street, for its greed and apathy! Main street suffered, while the financial markets bloated up. Can we accuse Silicon Valley of the same? After all, people do lose jobs when an industry gets disrupted by technology (think automated cars vs drivers, airbnb vs hotels, amazon vs traditional retail). Yes, things become more efficient with technology and that is supposed to lift all boats, but does it? Erik Brynjolfsson, a professor at the M.I.T. Sloan School of Management, told MIT Technology Review, "Productivity is at record levels, innovation has never been faster, and yet at the same time, we have a falling median income and we have fewer jobs. People are falling behind, because technology is advancing so fast and our skills and organizations aren't keeping up." It is, he said, "the great paradox of our era." Full article by Om Malik here
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RBI tells HDFC Bank to review two key board appointments In November last year, the bank had initiated the appointment of Sashidhar Jagdishan and Bhavesh Zaveri as additional directors and executive directors of the bank, subject to RBI and shareholder approval.It added that Jagdishan and Zaveri shall continue as additional directors on the board till the ensuing annual general meeting
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View: India needs more than curve-flattening curbs Migrant labourers and the homeless should be provided shelter and food in small groups in large convention halls, schools, parks, and stadia. Each camp should have a medical centre or clinic. Also, the places of residence of migrant workers in their home towns and villages should be identified, and the local district magistrate should be responsible for people maintaining self-quarantine.
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India to Buy Up Middle Eastern Oil for Strategic Reserves (Bloomberg) -- India, the world’s third biggest oil consumer, is set to snap up millions of barrels of Middle East crude for its strategic reserves, signaling its support for global efforts to rescue the energy market.The purchases are aimed at taking advantage of low prices, according to officials with
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