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.
A praiseworthy initiative. There is – with respect – a gulf between the calibre of the higher judiciary and the lower courts, which are the foundation of the system. If judicial officers become an all India service, liable to serve anywhere in the country – while there would be some difficulties with the local language – that would be a landmark development. Ideally, the executive should play no role in the appointment of judges at any level.
A praiseworthy initiative. There is – with respect – a gulf between the calibre of the higher judiciary and the lower courts, which are the foundation of the system. If judicial officers become an all India service, liable to serve anywhere in the country – while there would be some difficulties with the local language – that would be a landmark development. Ideally, the executive should play no role in the appointment of judges at any level.