Karthik Shashidhar mentions the Capital Mind All India Housing Index in his post on how to calculate “disproportionate” income of politicians. (LiveMint)
To get even more granular data, the Residex has section wise indexes for each city, which can be used to figure out how much one should have gained. Having said that, Capital Mind’s data doesn’t yet provide it – we’ll add it very soon.
EPFO allows people to draw more than their balance; losses upto Rs. 1000 cr. (LiveMint)
Someone please tell us we don’t have “sucker” written on our foreheads. You cannot draw more than your balance from the EPFO, if you’ve ever dealt with them. It’s more likely that the money has been siphoned off by EPFO employees, and they’ve planted negative balances. Apologies for Kejriwalling (putting accusation without evidence).
Dying Memphis Neighborhood Foretells Next U.S. Crisis (Bloomberg)
Buying a house for $3,000, no matter in which city in the US, sounds quite attractive for an Indian urban resident! But no, says the RBI, you just cannot. The link is about a book, The Seven Sins of Wall Street.
Supply of Coal Eases Due to Low Demand (BusinessStandard)
RIL wants Gas Pacts to be Annually Renewed, Gas at 10% above the $8.3 Accepted (BS)
Two strange links on Indian energy demand. Gas has high demand, and RIL’s trying to extract as much money as possible. Coal has always been high on demand, but strangely states have not been taking away as much as they’d committed.
Chinese PMI Slows Down to 48.1 (CNBC)
Comes in even lower than the 48.5 in Feb, and it’s just a “Flash” PMI for now. However, the fact that manufacturing is contracting is a sign that the slowdown in China is real and their tightening is working.
Comparing Indian States with Countries, in terms of Population (Economist)
You think you know Uttar Pradesh until you’re told it has the population of Brazil, the GDP of Qatar, and the Per Capita income of Kenya. Goa, my dream state, is the population of Guinea, GDP of Malawi, and the per-capita income of Ukraine. I hope Russia doesn’t try to annex it.