Quick notes: Selective globalization, Loss making route...

• Swadeshi startups: The market value of internet sector in Europe is $50 billion. China's is 20 times bigger. This is because while China banned companies like Google, Twitter and Facebook, Europe did not. “What we need to do is what China did and tell the world that we need your capital, but we don’t need your companies”. Indiatech.org advocates ‘selective globalization’, saying it is something that the US and China already follow.



• India’s growing trade imbalance with China: Questions emerge about how Chinese producers undersell Indian manufacturers, considering transportation and a tariff of 10 percent. Some of the merchandise made in China, including locks or jewelry, is made with raw materials supplied by India.



• Bullet Train route is currently loss-making: 32 Mail and Express trains between Mumbai to Ahmedabad have been incurring a loss of 14 crore and 31 trains from Mumbai to Ahmedabad have made losses of 15 crore.



• Funds for education: Re 1 spent on school inspectors can save India Rs 10



• Gita Supersite: The texts are in Sanskrit and can be viewed in any of 11 language scripts: Assamese, Bengali, Devanagari, Gujarati, Kannada, Malayalam, Oriya, Punjabi, Roman, Tamil and Telugu.



• The insanity of big mountain freeriding:




• Discontent among nationalists:
  



• If not for its cloud business, Amazon would be posting big losses. The $1.2 billion operating profit posted by AWS wiped out the $936 million operating loss recorded by Amazon's international e-commerce business.