Is IST’s time up? Saturday, Mar 25 2006 

Should India knock half-an-hour off its Standard Time, or may be add? Perhaps we should think about it.

Unlike most of the countries which are ahead or behind GMT by one whole hour (and its multiples), India is ahead of GMT by 5 1/2 hours. (IST is calculated from Allahabad which is at 82.5E logitude). Thus india is 3 1/2 hours behind Beijing or Singapore, 4 1/2 hours ahead of Paris, 10 1/2, 11 1/2 or 12 1/2 ahead of US or Canada.

In fact, the date and time settings in Microsoft Windows lists only six other locations having either half-hour or quarter-hour differences — Newfoundland (-3:30), Tehran (+3:30), Kabul (+4:30), Kathmandu (+5:45), Adelaide (+9:30) and Darwin (+9:30).

Look at the implications. A vistor from Beijing coming to Bombay, will have to press his cell phone buttons 33 times to adjust to local time, whereas if he visits the nearby Lahore, he needs to press 30 times less. Or, an American fixing an conference call has to put in that extra effort to include the half-hour to calculate the local time. (Adding or subtracting whole numbers can be done intuitively, adding fractions complicates the procedure).

Does it matter at all? It’s not possible to say for sure, but little things have mattered a lot in the past. Malcolm Gladwell, in his book Tipping Point, subtitled ‘How Little Things Can Make a Big Difference’ mentions a number of instances where small changes led to significant results. For example, removing graffitis from the cars and cracking down on people who leaped over turnstiles without paying have led to huge reduction in crime rate in New York. In another case, adding a picture of a map in a brouchre increased the response rate significantly. Scientists, in fact, have been talking about non-linear effects for even longer.

Knocking off the half an hour from IST might not lead to any big difference. But it would make calculating world time and adjusting electronic watches a little easier. With one-to-one interactions between Indians and the rest of the world having become more common than ever, the collective convinience might be significant.

In fact, the concept of standard time itself was an outcome of a technological development. It came as a response to changes brought about by railways, which was as revolutionary when it was introduced as information and communication technology is today. Railway routes in US and Canda passed through places that differed by several hours in local time, leading to confusion in schedules, and subsequently resulting in coordinated universal time.

But there will be a big problem if we do that. Even presently, sun rises and sets too early for those in the east, and too late for those in the west. Two time lines – +5 hours and +6 hours – cut India. Mumbai and a good part of Western India are between +4 to +5 hours timeline (as the whole of Pakistan does). Most of North-east and the whole of Andaman and Nicobar Islands lie between +6 hours and +7 hours timelines.

Adding or subtracting half an hour will make this worse. The soultion of course is having two time zones, but then it would only add to the confusion. Having a universal time has its advantages – it sidesteps confusion arising from having to tackle different times. It has also emotional underpinnings, with a IST uniting people across the country.

Capital account convertibility Sunday, Mar 19 2006 

“There is merit in moving towards fuller capital account convertibility within a transparent framework.” Prime Minister Manmohan Singh’s words, hinting at what could be a reality in the near future. Read the full story here.
The move is positive.

We think it signals the government’s highest authority’s willingness to talk about a sensitive economic issue, especially after the East Asian crisis in the late ’90s. But with India’s fiscal deficit gradually decreasing and quantum of bad loans down to manageable levels, the option of full capital account convertibility is certainly less riskier than before.

Issue of protectionism Sunday, Mar 5 2006 

The Hindu’s Sunday mag has this little caption line in a story on the Mittal-Arcelor episode: “Lakshmi Mittal’s bid has raised old protectionist demons.”

Interesting line coming from a left-leaning, globalisation-fearing newspaper. And of course The Hindu group has been one among the many opponents of FDI in print media.

Read the full story here

Audience with Einstein Sunday, Mar 5 2006 

“Just a few weeks into his first term at Princeton, _ made an appointment to see Einstein in his office in Fuld Hall …The discussion lasted the better part of an hour. But in the end all that Einstein said, with a kindly smile, was “You had better study some more physics, young man.” The “young man” later in his life won the Nobel prize, certainly not in physics. Who is he?

Guide to bestseller Saturday, Mar 4 2006 

A student’s guide to ‘Freakonomics’, a best-seller whose authors are Steven Levitt and Stephen Dubner – here

Why IT doesn’t want I-T? Saturday, Mar 4 2006 

India must be the only country which doesn’t tax a sector (IT) because it’s doing well, and doesn’t tax another (agri) because it’s not doing well. And this in a country that has a low tax to GDP ratio, on the top of a 8% fiscal deficit (including states). And the plea to retain tax sops comes from IT industry leaders, who never miss an opportunity to crib about infrastructure, and whose companies enjoy good profit margins.

Politics vs governance Saturday, Mar 4 2006 

“Everything gets debated and debated and nothing gets done. Everything that can be exploited for political purposes is exploited. On the top of all this, the inertia of our civil service is incredible … Sometimes I wish we had had a real revolution – like France or Russia – at the time of Independence.” Who said this?

India & the Mittal drama Saturday, Mar 4 2006 

Should the Indian government have anything to do with the issue of Mittal’s takeover of Arcelor at all? Or, are there possible gains from lending its voice to the issue?

After the truth Saturday, Feb 11 2006 

“The senior faculty would kind of line up to talk to him. He seemed never to be interested in promoting himself. You always had the impression that he was after – it sounds corny – the truth.” John Huizinga of Chicago Univ. said this about whom?

Samuelson’s quote Saturday, Feb 11 2006 

“When Brownian motions levitated ______ into my advanced seminars, what I taught him probably fell shortly of things he taught me. If I may indulge in autobiographical recollection, one’s greatest joys as a teacher comes when a Robert Merton or a ______ _______ swiftly bicycles into equality with teacher; and then mirabile dictu pedals ahead on his own.” This is economist Paul Samuelson’s quote. Fill up the blank with a person’s name, the first reference being his first name and second being his full name.

Next Page »

Follow

Get every new post delivered to your Inbox.