“Everybody was telling me that if you don’t increase the fares you are going to turn the railway coaches into coffins,” Dinesh Trivedi, former railways minister, told India Ink in March 2012
A prescient statement considering yesterday’s railway accident which killed 29 people
“I expect commodity prices to cool further and that investors had lost confidence in the global economy.We should pause, take a deep breath and wait and see where the pieces fall around the world”– said BHP Chairman Jacques Nasser
“Unfortunately, the world has seemed so reliant on China as a growth engine, I think this will accentuate the disappointment even more when it hard lands.
Once the bubble bursts, Canada might be a lightly done muffin, but Australia will be absolutely toast.”-economist Albert Edwards of Societe Generale said in an interview
I want to close with a story about my great grandfather. He was a man of little wealth who still managed to give every single day of his life. Each morning, he had a ritual of going on a walk — and as he walked, he diligently fed the ant hills along his path with small pinches of wheat flour. Now that is an act of micro generosity so small that it might seem utterly negligible, in the grand scheme of the universe. How does it matter? It matters in that it changed him inside. And my great grandfather’s goodness shaped the worldview of my grandparents who in turn influenced that of their children — my parents. Today those ants and the ant hills are gone, but my great grandpa’s spirit is very much embedded in all my actions and their future ripples. It is precisely these small, often invisible, acts of inner transformation that mold the stuff of our being, and bend the arc of our shared destiny.
On your walk, today and always, I wish you the eyes to see the anthills and the heart to feed them with joy.
-Nipun Mehta in his graduation speech to students of UPenn
“When the history of the Indian economy is written two decades from now,” says noted economist Bibek Debroy, “we will look back at the 2004 to 2014 decade as one that was just as damaging as mid-1960s to mid-1970s, if not worse.”