Substantial progress was made in spreading our foreign trade to other areas. Our total trade with Northwest Europe in the first 8 months of last year was 42.3 per cent above the corresponding period the year previous, and our total trade with Asia was up 13.5 per cent. For the first time since 1919, the United States in the first 8 months of 1956 accounted for less than 60 percent of our total trade.
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The mistake the world is making with the simple peoples is to try and hurry them into political concepts they don't understand and aren't prepared to cope with. I know. I am a peasant myself. ... I say, Spit on the big, fancy schemes. I want all the little things first. Then perhaps we can get on to the bigger things.
Energy Engineering started first in IIT Kharagpur in 1983 and mine was the third batch. It was definitely not a popular course. It was basically an amalgamation of nuclear, mechanical, chemical engineering, etc. But I don't think it was a big factor because if we look, most of them joined the IT sectors and not the energy sector.
If you look at a farmer and his daily expenditure on existing energy services, it is much higher on an incremental delta basis. And then there is an emotional cost of not providing their kids with the right to educate. If you calculate these costs in economic terms and create a financing mechanism for them to buy it, the emotional delta cost is much higher compared to their household.
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The problem is the policy makers don't have practitioners in the policy team. You won't make an IT policy without consulting a Narayan Murthy or Nandan Nilekani. But for energy, people think they know everything and they know what to do for it. That's how the policies are created in Delhi and that needs to change.