27th July, 2015

Hello fellow Kgpian,

We believe sharing is caring. Hence we (Kritarth Jha and Vinit Hase) have decided to start a weekly (for now) curated list of what we thought defined headlines and created ripples in the economic and financial world over the week.

For the uninitiated, we have decided to add a few introductory articles on issues about which we will be continually talking over the next many weeks in the first few newsletters.

Also if you are a newbie to the pretty incredible world of economics and finance this is for you.

Here we go.

FT with Sushi

- Nikkei, the Japanese business news company, bought the Financial Times, almost entirely in cash. Japanese firms are inundated with Cash, and as the Economist succinctly explains, that’s not always a good thing. FT has been on the Nikkei chief’s mind for quite some time; not anymore we hope.

For the FT, this could be either good or bad news. Only time will tell.

Sibling power struggles

- Closer home, RBI Governor Rajan might lose his veto over interest rates, if the revised draft of the Indian Financial Code is to be believed. However, Chief Economic Advisor to the government, Arvind Subramanian, stresses that the report is not the government’s view.

Ex-governor C.Rangarajan vouches for the RBI’s independence, just in case.

Greece: For those living under a rock

- New York Times sums it up in a succinct way while Anil Kashyap gives you a pretty good ‘kaun, kahaan aur kaise’ of one of the biggest economic showdowns in the last 3 decades in his primer.

Taming of the Dragon?

- China’s stock market debacle explained on Vox while a notable bullish China investor now makes a major U-turn on his outlook of the market.

Happy Reading!