Crowded cities are rich because there is greater division of labour. The extent of the division of labour depends on the size of the market, wrote Sauvik Chakraverti in 2002.
With 20.2 percent of its total loans in default by the end of last year, Bangladesh had the weakest banking system in Asia. Despite reforms, it will take time to recover.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
Two submissions. For a high value product like grain based alcohol – most alcohol in India, including so called whisky and brandy, is made from molasses – unclear why grain that is unfit for human consumption should be used as a raw material. That is bound to have a bearing on the quantity, perhaps also the quality, of the alcohol produced. More importantly, if the distilleries were producing more alcohol than they were disclosing to the state excise authorities, it is not just a statistical or yield variance. There would have been clandestine physical removal of non duty paid alcohol from the distillery premises.
Two submissions. For a high value product like grain based alcohol – most alcohol in India, including so called whisky and brandy, is made from molasses – unclear why grain that is unfit for human consumption should be used as a raw material. That is bound to have a bearing on the quantity, perhaps also the quality, of the alcohol produced. More importantly, if the distilleries were producing more alcohol than they were disclosing to the state excise authorities, it is not just a statistical or yield variance. There would have been clandestine physical removal of non duty paid alcohol from the distillery premises.