Modernizing the World's Largest Democracy
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Donald ("Skip") Conover
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Donald ("Skip") Conover's Discussions
Beijing 2008: Olympic Opening Ceremoney $$$
2 Replies
Started this discussion. Last reply by Donald ("Skip") Conover Aug. 12, 2008.
Inflation Drums Continue
4 Replies
Started this discussion. Last reply by Donald ("Skip") Conover Aug. 26, 2008.
Indian Government Fails Its People
9 Replies
Started this discussion. Last reply by Donald ("Skip") Conover Aug. 9, 2008.
Donald ("Skip") Conover's Page
Profile Information
- Relationship Status: How are you involved with Developing India?
- I was a first mover of the BPO industry in India, having started my first medical transcription center in Chennai in 1994. During 1994-95 I operated the largest private telecom circuit of any company in the World into India. My BPO efforts finally led to a public company in 2007 (AIM: CBAY).
Today I am bringing foreign direct investment into developing India real estate.
- About Me:
- You can learn more than you ever want to know about me, if you
- Title?
- Chairman
- Company or Organization?
- Bhavana Developers Pvt. Ltd.
- Where do you live?
- Annapolis, Maryland
- What is your web site?
- http://www.bhavanadevelopers.com
Reserve Requirements to Fight Inflation
The Reserve Bank of India recently raised the so-called "repo rate," the reserves banks are required to maintain on hand, as one measure to fight India's inflation, which hit 11.63% in the July 4, 2008 reporting. Dr. Amit Mitra, Secretary General of FICCI, recently firmly stated his opposition to this increase.
From my perspective, it appears that an increase in the reserve requirement tends to shut down an economy, because it makes it more difficult for businesses to maintain a debt component on their balance sheets, thereby reducing their flexibility. Of course, if an economy shuts down, it does seem likely that inflation will also tend to be reduced over time, but it seems an overly painful method of doing so. What do you think?
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Donald ("Skip") Conover's Blog
Successful Macroeconomics
Posted on August 6, 2008 at 10:48am —
Asking Questions
Best regards, Skip
Posted on July 6, 2008 at 8:09am —
India's Poor Performance Compared to China
It is in the spirit of my role as catalyst, that I decided to create the “Developing India” social network. I had thought about proposing to write a column for Indian newspapers, and might still do that, but I decided that I first need to demonstrate the quality of my th… Continue
Posted on May 16, 2008 at 10:49am — 2 Comments
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