The fallacy of odds and evens

June 1, 2016

In an effort to control high pollution levels in the city, the Delhi government recently ran a vehicle rationing scheme on a trial basis. The question is whether vehicle rationing is enough to reduce pollution substantially and whether other possible interventions by the government could be more effective. As per the Delhi government plan, private vehicles with odd and even number plates were allowed on the roads on alternate days from Monday till Saturday every week from 1 to 15 January. Several categories of vehicles—such as two-wheelers, CNG (compressed natural gas)...

Pros of a spot gold exchange in India

June 1, 2016

Although India is the world's second largest gold consumer with an annual demand of nearly 1,000 tonnes, it lacks many key elements of an efficient gold ecosystem. The gold market here is plagued by fragmentation, with prices varying significantly across channels and locations. The quality of gold also varies widely. Jewellery rather than gold bars, gold coins, or gold-linked financial products, still dominates retail demand. Large jewellers and traders mostly import refined gold from international markets, such as Dubai, causing loss of economic value and jobs in Indi...

PGP dorms are a priority for the restora...

January 2, 2016

The K.G. Basin extends over 28,000 sq km onland, 24,000 sq km in "shallow" ( by current definition, a depth of up to 400 metres ) waters off shore and 18,000 sq km in deep waters ( a depth of up to 2,000 metres). ONGC began prospecting for oil and gas in the basin in April 1977. It drilled its first well near Narasapur in 1778 and discovered gas there. Since then it has made many such finds in the basin. It now prospects for hydrocarbons both in shallow and deep waters , besides for oil and gas, both onland and offshore . It has set up a mini-refinery at Tatipaka, whic...

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