Ashwini Bhide, 1995 IAS batch, tireless worker for the millions of Mumbai residents looking for better modern Rail

07/13/2022

Ashwini Bhide was the head of the Metro Rail project in Mumbai and the first woman to be profiled by WSJ in this way - as a tireless worker for getting modern Rail with the latest technology to Mumbai after decades in which millions of Mumbai residents had to put up with old, dilapidated, incomplete rail subway services. It is work that meets the aspirations of Young India and which would make Mohandas Gandhi proud a century later. It shows that India can deliver on the kind of infrastructure needed for making project Make in India work.

Linked Articles

Newsmaker | Fadnavis ensures pet Metro project on track, puts Ashwini Bhide back in driver’s seat

The Indian Express 07/13/2022

WSJ 05/08/2023

Corinne Abrams | Photographs By Vivek Singh For The Wall Street Journal

Two party systems and Malaysia's UMNO Party- (2) the future economic prospects of Malaysia under Razak, India under Modi, Indonesia under Widodo

12/08/2014

Najib Razak follows his father Tun Abdul Razak, Mahathir before him, all the way back to Tunku Abdul Rahman, all of the UMNO party, in an uninterrupted control of the United Malay Naional Organization Party which has ruled Malaysia for almost 6 decades. Malaysia has followed the example of Lee Kuan Yew in Singapore by keeping the opposition parties weak to maintain control. Both the UMNO and the party of Lee in Singapore face questions about the merits of suppressing the development of two party systems, at a time when government is changing hands to opposition parties in most of the region and improving economic prospects in each country with a change of government- Abe in Japan, Widodo in Indonesia, Modi and Sharif in India and Pakistan, Aquino in the Philippines, Wickremesinghe in Sri Lanka. A economic drift with no clear direction under Singh and Bhutto in India and Pakistan was reversed with the election of Modi and Sharif, the economic drift and deflation under the Kan and Noda governments was reversed in Japan with the election of Abe, and the economic drift in Indonesia is being reversed by the Widodo government. This shows how critical two party systems are to functioning democracies as middle classes develop and voters look for competing views of the future to choose from.

Linked Articles

Fund Controversy Threatens Malaysia’s Leader

Wall Street Journal 06/19/2015

Tom Wright, Tom, Wright

Wall Street Journal 12/08/2014

Patrick Mcdowell, Patrick, Mcdowell, Ben Otto, Ben, Otto, Matt Murray, Matt, Murray

Pakistan Railways and Iraqi Railways- a picture of the Middle East and South Asia in 2014

05/18/2013

Declan Walsh and Tim rango provide aunique insight into the lives of common people in two regions of Asia and the Middle East. A century after the European powers invested in railway lines connecting all parts of the Middle East from Turkey to Iraq and Syria, and connecting all parts of South Asia from the Afghan border to Ceylon, two reporters of the NYT visit the railways in both regions showing the prevailing state of affairs. In Iraq decades of wars and conflict have reduced the railways to a crumbling condition. In South Asia mismanagement, cronyism, corruption has led to disinvestment in Pakistan Railways and inflicted similiar damage to the rail network. Through rail one can see into the life of common people in these regions. What one sees shows that five decades after the colonial powers left this region, the educated elites, the political parties, the military, the religious leaders, have all failed the common people of their homeland.

Linked Articles

A Train Ride Through Time: From Iraq’s Checkered Past Into an Uncertain Future

New York Times 10/18/2014

Tim Arango, Tim, Arango

New York Times 05/18/2013

Declan Walsh, Declan, Walsh

How good were the U.S. Federal Reserve's stress tests of 2012?

07/16/2008

Reilly questions the leveraging aspect of the Fed's 2002 stress test results as they leave U.S. banks leveraging at between 20-30 times capital, the situation that prevailed before the crisis. Experts including Anil Kashyap at the University of Chicago pointed out how the process of deleveraging works in reverse before the collapse of Lehman in 2008- for every $1 of bank losses the deleveraging cycle reduces bank lending by $20- $30.

Linked Articles

Stressing the Bank 'Stress Tests'

Wall Street Journal 03/14/2012

David Reilly, David, Reilly

BusinessWeek 07/16/2008

David Henry, David, Henry, Matthew Goldstein, Matthew, Goldstein