Make (Index) In India

India has 800 million Internet users. Fiji has 0.8 million Internet users. Still the latest global digitalization index ranks India below Fiji because 70% of Fiji nationals have access to the Internet as against 60% of Indians. This is absurd, as Deepak Mishra says in his op-ed titled “Make (Indices) in India” in the Economic … Read more

Safety Of Money: Bank v. Neobank

Fintech Mafia Carousel Pumping is the circular shilling of one another’s financial products and services by a bunch of fintech founders with least regard for truth or consumer interest. I recently came across the following exhibit of Fintech Mafia Carousel Pumping on LinkedIn. Why do some of us trust Barclays or Bank of America more … Read more

No More Business Class In EU

To: editet@timesgroup.com Subject: No More Business Class? Dear Editor of Economic Times: This has reference to the op-ed titled “No More Business Class?” by Ludovic Subran in today’s edition of Economic Times. Having lived in several European countries for many years and observed the regulatory regime in the Continent up close, I totally agree with … Read more

Why Media Can’t Be Neutral

There’s a lot of public discourse about media neutrality (or the lack of it). People keep telling journalists, “Just state the facts and spare the opinion.” According to me, unbiased media is a myth. As Hunter S. Thompson said 50 years ago, objective journalism is impossible barring a few exceptions like box scores for sports … Read more

Google Play Store – Small Brother Shouldn’t Act Like Big Brother!

To: editet@timesgroup.com Subject: Big Tech, Don’t Be A Big Brother Dear Editor of Economic Times: This has reference to the op-ed entitled Big Tech, Don’t Be A Big Brother by Dhanendra Kumar, Former Chairman, Competition Commission of India (CCI), in The Economic Times. This article is full of factual and logical inaccuracies. Let me list … Read more

UPI – Too Many Or Not Nearly Enough Players?

On the one hand, there are 48 Payments Services Providers offering UPI payments in India. Which is a lot. On the other hand, many people say there are very few UPI players and claim that there’s a huge concentration risk in UPI. This FUD narrative has scaled new heights after RBI recently cracked down on … Read more

Ten Revolutionary Things About AI – Part 2

In Ten  Revolutionary Things About AI – Part 1, we described five gamechangers about ChatGPT and other Generative Artificial Intelligence platforms. In this Part 2, we shall cover five more revolutionary things about AI. 6. Weird Regulatory Proposals There are broadly two lobbies for regulating Gen AI: A) Closed Source (via Sam Altman and Vinod … Read more