murali Profile picture
Sep 13, 2020 15 tweets 4 min read Read on X
This is why we need to change to horizontal reservation system.
If we set 20 seats as reservation, no matter which quota is used, only 20 people will be included. That means that there will be more seats available in general category for general public.
So, you have say 4 categories with seat allocation:
A 20
B 20
C 10
General: rest
If a person belongs to category A and C, that one person will added against both A and C.
If 25 people belonging to category A qualify, 20 will be against quota of A, and rest 5 will be in general.
What’s the best way to operate this system:
Collect all information from candidates. At this point, no one knows which category they will get an option, except those who are certain only general category applies to them.
So, if A and C is applicable to P, P is forced to mark both options. If B and C is applicable to Q, Q will mark both. If only B is applicable to R, R will only mark that.
Now all go through the same eligibility criteria, and write the same test.
Say test results come as
P 47
Q 53
R 88
S 48
T 92
U 73
V 28
W 45
Mark based unified ranking is:
T R U Q S P W V
Catagory table is now built based on scores.
A(1): P W
B(1): Q V
C(0.5): R Q P
Gen(2.5): T U S
Once this is done, we now do selection.
Rank list: T R U Q S P W V.
T is chosen and assigned to Gen. R (C cat) is assigned to C. Next is U, assigned to Gen.
Seats:
C(0.5): R
Gen(2.5): T U
Rank list: Q S P W V
Now Q belongs to both B and C. But C is filled. So Q is assigned to B
B(1): Q
C(0.5): R
Gen(2.5): T U
Remaining Rank list: S P W V
S can’t be assigned to general as count exceeds quota, so is put in waiting list(WL). Next is P. C is full, so P is put in A. W and V will go to WL now.

So, final list is:
A(1): P
B(1): Q
C(0.5): R
Gen(2.5): T U
Compare this with current scheme:

P 47
Q 53
R 88
S 48
T 92
U 73
V 28
W 45
Mark based unified ranking is:
T R U Q S P W V
Catagory table is now built based on scores.
A(1): P
B(1): V
C(0.5): Q
Gen(2.5): T R

We have this strange case of the person with lowest mark gets selected
What is the rationale for shifting to horizontal reservation system.
In this example, it’s clear that during this specific round, no explicit reservation for C is required. Already a top scorer qualified from this category.
This means that lowest cut off increases to 47 from 28.
Thus horizontal system ensures higher quality intake without affecting representation of affirmative action groups.
What about creamy layer:
The best way is to add constraint in application form. Set a rule that only those with family income less than say ₹5Lpa can avail quota.
By merely changing the quota system to a horizontal system, we can ensure that deserving candidates who scored high marks are not excluded from getting due recognition.

We can ensure that a capable child doesn’t turn to crime to earn two times food.
Another advantage is that we will be able to objectively determine how effective the reservation system has been.
If cut off for reservation is higher than general category, we know that Ambedkar ji was right. And given opportunity, the deprived rose up. Caste animosity will die.
If we are finding that the difference between general cut off and quota cut off is wide, we know that mere reservation is not enough. We can plan corrective/remedial action. Maybe, give extra coaching to students from that category.
And, we have to convert all scholarships to means based scholarship with no fixed quota for a year. If 50% students require 50% fee waiver and another 25% require a 25% fee waiver, so be it. If 5% can’t afford fees at all, let us give 100% waiver. Let all poor study.
This is a simple fix to the #Reservation system.

We just shift from current vertical to #horizontalReservation system. We honour the hardworking.

We give subsidies purely on economic criteria, and not any other criteria.

This is #Dharmic #Constitution!

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More from @muralipiyer

Oct 24, 2021
This is the trickle I expected to see.

@economyninja explains what else is happening due to the delay in ship turn around times. Mind you, most Chinese exporters are smart. They don’t ship until they get full payment. And most buyers stupidly pay upfront!
The kind of stories we have been repeatedly seeing.
a) foreign companies are steadily leaving china.
b) some think they are too invested in China, and they are talking China plus one.
c) Japanese, Taiwanese and Korean companies are closing in large numbers, mostly kicked out.
d) there is huge imbalance in container traffic. Trade imbalances are affecting shipping.
e) the shipping delays are getting too worse. It’s choking inbound traffic in consumer states.
f) Fuck you, corona!
(I hope that covers all manpower disruptions due to Wuhan virus)
Read 5 tweets
Oct 16, 2021
Time for a bit on China.

You all know how i love to bash China and Xi Jinping.
Now, a little bit without the excessive dramatisations.
2. #XiJinping is a rare leader that China has received. Providence has a way to feed the right medicine to someone that it wants to keep alive longer.
Jinping is just that.
3. The mess in China can be easily related. What we have is a large babudom state. The party politbureau is the only controlling authority, but it’s a collection of different ambitions, that just want to show good results on paper. The whole system relies on having good press.
Read 63 tweets
Sep 22, 2021
I am not an economist, but this is what i feel is happening around us.

This is start of a rant.
Pandemic induced trade disruption is a reality.
It’s timing though is either miraculous or impeccable, based on which side of the conspiracy theory aisle you prefer.

Pre-pandemic, everything wasn’t really that rosy. And this is around the world.
3. Stuff like steel, oil, etc were already under some kind of pressure.
A lot of muck was getting stirred in China.

Global gdp growth data in pic. The last peak was the 4.3% in 2009. In 2019, it was a mere 2.3%. People were just hoping that 2020 would be better.
Read 34 tweets
Sep 21, 2021
@chittukuruvi4
This is the video to broadly answer your evergrande question
@chittukuruvi4
This is a very interesting conversation. Ofc, none better than @_nirajshah to ask those relevant questions.
The key part: it’s not really about evergrande hitting us.
It’s about this huge india story. Key factor: India needs to go up 8-10% to meet pre-covid levels
@chittukuruvi4
Another key take away:
This guy is already talking about being selective. That’s very interesting.
It’s as if he is indicating that we are near the peak or we are a bit past it.
And, he expects a >5% correction.
I think earnings will adjust.
Read 5 tweets
Feb 10, 2021
109. #Options #Notes

A quick update on a few stuff.

For a conservative, low margin money person(low money at hand), the best option in credit spreads is about 25-30 delta. You are looking for risk reward 1:0.5 to 1:0.25.
You can manage at 1:1 by being more active.
110. #Options #Notes
It’s better to have all spreads at 1/3rd the width of strike.
That gives us a 1:0.5 RR ratio. Ex: trade with max profit of ₹1k has max loss of ₹2k.

You can’t have a low probability trade unless you are damn sure about it.
111. #Options #Notes

If you are going to be directional, be directional.
I had tried both ATM bullish put spread and 35 delta put spread on SBIN. I got more out of former because i got the direction right and i used closer to 50 delta.

In directional, do it 💯 or don’t do it.
Read 4 tweets
Oct 31, 2020
I believe what’s happening now is a disruption in the way we think of commutation.

The pandemic has shown us that an 8-hr office is not really necessary.
Of course, there are sectors where Work-From-Home doesn’t make sense.
But, vast majority of work can be done from home.
The reason: we have now digital connectivity substituting for physical or road connectivity.
This is an option we never had in the past.
Technically, we can employ people from home, with an occasaional face to face interaction for certain limited activities that require physical presence.
Read 28 tweets

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