Day: November 28, 2020

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15+ min read

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January 2020
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I didn’t know it at the time, but I was about to join my very last “performance calibration session.” This was late in 2018, when I was a managing director at Instagram, and these sessions had been a common part of my life — just like they are at many big companies. They’re a time for senior managers to discuss the performance of their individual team members, applying common organizational standards across job levels. HR specialists moderate performance discussions on a biannual, sometimes quarterly, basis. Conceptually, there’s nothing all that weird about calibration. But that’s conceptually.

I have held senior-level marketing roles at YouTube, Spotify, Google, and Instagram, so I’ve sat in on a lot of these. And the reality is this: A group of highly opinionated,

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Niti Aayog Vice Chairman Rajiv Kumar on Friday termed the speed of India’s economic recovery as a “pleasant surprise” and said manufacturing shows a positive growth that confirms a rebound.


India’s economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on better consumer demand.



“Speed of #economic recovery springs a pleasant surprise. #Manufacturing shows a positive growth which is the confirmation of a rebound of demand led recovery,” Kumar said in a tweet.


The gross domestic product (GDP) had contracted by a record 23.9 per cent in the first quarter of the 2020-21 fiscal (April 2020 to March 2021) as the coronavirus lockdown pummelled economic activity.


With the gradual opening up from June, the economy

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The Reserve Bank of India (RBI) and the government have once again introduced a new 10-year benchmark bond as the old one crossed Rs 1 trillion in outstanding. This is the third benchmark 10-year bond in this calendar, indicating the sheer volume of bonds getting issued by the government.


New bonds are issued after a particular volume is reached as it helps avoid bunched up redemption payment at the time of maturity.


The 10-year bond is the most marquee bond in the market. The repeated issue of such bonds takes away some of its value in the eyes of investors, say experts.




According to bond dealers, a quick benchmark setting can create some confusion in the markets on rates. When the outstanding comes close to Rs 1.2 trillion, people may not take positions on existing bonds fearing issues will stop.

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