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Mohandas Pai may succeed Nilekani: sources
Infosys has not named anybody who would fill Nandan Nilekani"s shoes but expressed confidence that leadership transition would be a smooth affair as was in the past.

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V V: Keynes - The Master returns
Unlike the Chicago economists under Milton Friedman who argued that the unrestricted operation of private enterprise—seen as the most efficient form of economic organisation—was essential for economic development and that prices should be determined purely by market forces and inflation controlled by means of controlling money supply, Keynes, the most influential macroeconomist of the 20th century, had argued in his classic work, The General Theory of Employment, Interest and Money, that there is uncertainty in the world—uncertainty that cannot be reduced to statistical probabilities and has come to be described as “unknown unknowns.” This irreducible uncertainty, he said, lay behind panics and bouts and the instability of market economics that we see around us today. Robert Skidelsky, in his three-volume study of Keynes (1994), reminded us that the master had warned us against relying on econometric models of his own theories:
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Efforts on to complete N-deal before PM's US visit

Top US and Indian officials are making hectic efforts to conclude the discussions on critical reprocessing deal on spent nuclear fuel before Prime Minister Manmohan Singh"s high-profile state visit here next week. - PM to kick off US visit by addressing biz leaders - Paulson takes Citigroup stake, sells Goldman Sachs shares - Subir Gokarn: The industrial divide">Subir Gokarn: The industrial divide - Visit Bharat, courtesy UNDP, govt - Ministry upbeat on port expansion plan - Real estate"s many layers Knowledgeable sources familiar with the negotiations that have been going on between the two sides since July told PTI that the bracketed portion of the draft agreement, flying between the two capitals, has reduced to six from 13. India"s Atomic Energy Commission"s Chairman Anil Kakodkar is understood to be in Washington this past week to hold talks with the US officials on this issue. Another round of negotiations between India and the US on reprocessing of nuclear spent fuel -- that constitutes a significant part of the 123 agreement -- is scheduled for November 20 and 21 here, on the eve of the arrival of Singh to the US as the first State Guest of President Barack Obama. Informed sources said officials from both India and the US are "extremely pleased" that meetings so far have advanced the reprocessing agreement towards the conclusion so quickly. The 123 agreement on bilateral nuclear cooperation gives New Delhi prior consent to reprocess. However, it stipulates that this right would come into effect only when India establishes a new national facility dedicated to reprocessing safeguarded nuclear material under safeguards of International Atomic Energy Agency and reaches a deal with the US on "arrangements and procedures under which such reprocessing will take place in this new facility."


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