India: Price Gap Between Ready and Under-Construction Homes Down to 3-7% in 2019
Avg. price difference between these two categories reduced y-o-y - from 8-12% in 2017 to 5-9% in 2018 across the top 7 cities. NCR recorded least RTM/UC price disparity in 2019 at 3%; Pune saw the highest at 7%. Avg. price of under-construction homes in NCR in 2019 was INR 4,410 per sq. ft., ready homes at INR 4,530 per sq. ft. In 2018, NCR had the maximum price difference b/w RTM & under-construction homes at 9%; slow demand & high unsold stock prevented developers from hiking RTM homes prices. In 2 yrs, NCR & MMR see the maximum reduction in RTM & UC homes price gap. Under-construction homes losing their sole USP over RTM homes.
- 17/12/2019
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Interview with Daron Acemoglu: Wellsprings of Growth
Tyler Cowen conducts one of his rich and illuminating "Conversations with Tyler" in "Daron Acemoglu on the Struggle Between State and Society" (Medium.com, December 4, 2019, both audio and transcript available). Here are a few tidbits from Acemoglu, but there's much more at the link:
- 17/12/2019
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Fools, Fanatics, and You
Many years ago, a Yale medical student of mine asked my advice about becoming Surgeon General. Admittedly, I was and remain a second-rate source of guidance on that topic, never having been Surgeon General. I hasten to note that a close personal friend of mine has been, as has a different, former student of mine. But I was left to offer the best counsel I could absent any first-hand experience.
- 16/12/2019
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How Blockchain Can Transform The Way We Vote
Elections are a symbol of hope and freedom for people, but it is vulnerable to fraud. Blockchain for elections can play a significant role in providing a solution to election security vulnerabilities.
- 16/12/2019
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The Importance of Proximity in the Energy Sector
The proximity of energy companies with their customers has been developed historically in some countries, where energy suppliers have remained local (Germany, Switzerland) or even regional (Austria, Finland). These local energy companies today generally enjoy a strong image, a reputation well above average and a strong trust granted by customers. They are seen as legitimate for developing, for example, service activities for which the major national players are sometimes perceived as illegitimate.
- 16/12/2019
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