1. Now - conventional western wisdom holds that by raising or lowering interest rates - central banks can curb or_____________ inflation. Apart from the immediate impact of rate changes - central bankers supposedly _____________ the power to anchor future inflationary expectations by signalling the future course of interest rates. _____________ - some economists believe that the central bank _____________ only one aim: to target inflation - and not get distracted by other tasks like influencing GDP growth or exports.

2. India is displeased with the treatment of the ethnic minorities and _____________ no great effort to conceal this. What are the lessons to be learnt? Constitution-making hasto be a _____________ exercise - as it was in India - when every member of the Constituent Assembly _____________ his or her signature to the charter of rights and responsibilities._____________ - if that is not possible - the next best thing may be to get the concurrence of the largest possible majority. This is what the Nepalese have done. They may - rightfully - point out that the vast majority of the Constituent Assembly voted for the Constitution in its present form.

3. Bridge is _____________ popular card sport in the world with over 100 countries as members of the World Bridge Federation. The estimated number of bridge players exceeds 60 million. But not many know that bridge_____________ the passion of corporate honchos and financial investors. Wall Street loves this cerebral game and some of_____________ players in the US are investors. A bridge buff - Warren Buffet had famously declared - "I _____________ mind going to jail if I had three cellmates who played bridge.- I have had the personal fortune of playing two boards with Bill Gates - some 20 years ago.

4. Analysis of all the benefits and costs shows that focusing on the top 19 targets _____________ the Copenhagen Consensus Centre would achieve four times more than if we sprayed all the development spending around 169targets. In other words - _____________ would have the same effect as quadrupling the entire budget. Even here on the floor of the United Nations - I find that global leaders - ambassadors - and those who work in development agreethat the targets _____________ severely pruned. They just all want their targets. But _____________ of making this a game of who got the most of their targets into the final declaration - it should be all about getting the most effective targets inthere.

5. Consider this target: "By 2030 ensure all learners_____________ knowledge and skills _____________ promote sustainable development - including among others through education for sustainable development and sustainable lifestyles - human rights - gender equality - promotion of a culture of peace and non-violence - global citizenship - and appreciation of cultural diversity and of culture's_____________ to sustainable development". It is hard to know what is promised - _____________ how it will be implemented - monitored or evaluated.

6. Ironically - even the business communities of India such asthe Jains - Marwaris and Gujarati Vaishnavs _____________ this assumption that money is evil and make it a point to atone for the sin of business by _____________ vegetarian and funding temple-building projects and making huge donations to gurus - who fast on their behalf. And saffronrobed gurus - who travel in fancy cars and oversee vast FMCG - healthcare - hospitality and spa empires - hide their shrewd consumer insight and insist they - own nothing andthat their luxury lifestyle is just the _____________ of devotees. To admit they enjoy their hard earned wealth_____________ career suicide.

7. The worst market sell-off in _____________ history may be around the corner. Just don't blame China alone for it. Since 2007 - the aggregate size of central banks' balance sheets has tripled to $22 trillion; _____________ by asset repurchases to stave off a deeper crisis. After Lehman Brothers' collapse _____________ a rout - the biggest central banks around the world _____________ 'quantitative easing' - or huge wads of cheap money - to encourage investment and bolster confidence.

8. Over 300 million people in India are _____________ and have no access to electricity. _____________ building grids or nuclear plants - Valley companies like Simpa Networks and Tesla have renewable solar battery packs and can light up every home with 24×7 efficient and low-cost energy. Simpa has already brought solar battery powered electricity to over 10 - 000 homes in Mathru district in just less than 12 months. These are the kind of new micro-grid and micro-power wall solutions that _____________ the common man's problem to bring _____________ and clean energy.

9. While the good is getting better - the bad may be getting_____________. The situation in Afghanistan - including Pakistan's role in planting designated terrorists as the new Taliban 'leaders' with _____________ US acceptance - has alarmed New Delhi. Washington's continuous _____________to believe in Islamabad's myth-making abilities _____________ a sour point but the latest play has made New Delhi extremely unhappy.

10. Ecommerce marketplaces such as Flipkart - Snapdeal and Amazon _____________ revolutionised selling by simply connecting "sellers of goods" (earlier called traders) and "the consumer" _____________ their platforms. In the recent past - we have seen the rise of hyperlocal commerce with companies connecting neighbourhood stores and service providers to consumers - to deliver anything from food and groceries to laundry and medicines. What's _____________ important is that everyone seems to finally _____________ with spending their rupees online.

11. Yet - despite having the world's largest youth market - India has one of the _____________ shares of the annual $100- billion global character and entertainment licensing industry. Asian characters like Pokemon - Dragonball Z and Doraemon _____________ household names around the world - and countries like Japan - South Korea and China have built multi-billion-dollar character entertainment industries. Yet - India - a culture with some of the _____________ and rich storytelling the world has _____________ - hasn't come close to unlocking its amazing vault of creativity in this space.

12. This is a revolution spurred not by policy change or government grants but by private capital. The success ofthese leagues comes from the work of venture capitalists - bankers - business persons - actors - statisticians - an international technical crew and an evolving media - whotogether have all _____________ these sports with professionalism and a glossy _____________. This is not to saythat cricket is losing its lustre. Far from it. Cricket - our national obsession - remains the _____________ sport in India. The 2015 World Cup - despite being played in an 'inconvenient' time zone - delivered the best ever ratings for any event on television. But cricket is no longer the only sport occupying the national _____________ anymore.

13. This seems counterintuitive but is a growing leadership challenge. High performance and individual happiness cannot stay _____________ - notwithstanding the hardliner view that workplaces are about business success alone. It_____________ helps the individual nor eventually the organisation. It is not just about engagement levels at a workplace - which _____________ a short-term issue. It is about a Happiness Quotient - a bedrock of long-term effectiveness and _____________ high performance. How can we create Happier Workplaces - not just successful ones? Places where there is a sense of joy and fulfilment - of trust and collaboration. And yes - tasks get delivered without a ringmaster's presence.

14. Despite its fears of migrants - India has been home to_____________ Nepalis and Bangladeshis. Many moons ago - persecuted refugees such as the Parsi community and Jews_____________ India their home. Countries with totalitarian and authoritarian systems have to also find ways in whichthey can _____________ migrants. Demographic shifts - with ageing societies losing their global competitiveness - _____________ this more compelling.

15. Take achieving _____________ access to contraception and family planning: it will mean _____________ orphans and mothers dying in childbirth. It will also generate a_____________ - with more people of productive age. In total - every dollar spent will mean $120 of benefits to society._____________ - with ending tuberculosis by 2030 (saving nearly 1.5 million lives a year - with each dollar leading to $43 worth of benefits) and completing the Doha free trade deal (lifting incomes and cutting poverty especially in developing countries - the benefits would be worth $2 - 000 more than the costs).

16. There is talk of behavioural economics - but this subject does not bother with emotions - for the _____________ that emotions cannot be measured and so are outside the_____________ of science. In contrast - the Hindu scriptures are obsessed with human relationship with wealth. Do we derive our identity from how much money we have? Is_____________ society celebrates in the list of the richest people in the world? If yes - then it is not a good thing. For we are placing wealth-chasing Indras and wealth-clinging Brahmas on pedestals as our role models - not the wealthattracting Vishnu who does not need wealth to _____________ himself.

17. It has been argued that right to be forgotten strengthens privacy and _____________ granted when the public interesttest is satisfied. But acknowledgement of the right would indicate that search engines could adjudicate what constitutes public interest. An _____________ could be found in the sensitive data-protection rules under theInformation Technology Act. This _____________ entail that ifthe right to be forgotten is formally recognised - it should_____________ to the extent of removal of sensitive personal data - and nothing else.

18. Organisations are gradually _____________ the importance of creating strong brands that provide real customer benefits so they can avoid falling prey to commoditisation. In other words - companies are realising that it's the only way_____________. To a point - marketing and brand building exercises can help _____________ one's products and services and break the monotony and commoditisation but afterthat one often needs to turn to innovation and constanttechnological upgrades _____________ mindshare.

19. No matter how great you think your product is - it will always improve _____________ if you go beyond India to tap other markets and find other users who will try it. In Singapore - we learnt a lot about how healthcare is practiced in a developed country - how responsive and scalable our infrastructure _____________. We took a lot ofthese learnings and put them back into our product so thatthe next version was 10x better. What we also did was to not build a 'Singapore version' -“ we decided that if we goto a country and learn something that is better - we will_____________ our product globally _____________ that - not do isolated versions for each country.

20. The macro-policy stance and climate are - however - not_____________ to growth. The US Federal Reserve has_____________ the record of greater success. It achieved this with a dual mandate and not a monetarist perspective -” of which inflation targeting is a collateral product. The dual mandate underscores the sovereignty of employment -” i.e. growth -” as an independent policy objective and_____________treat inflation as a monetary _____________.

21. Violence in the Terai can only make it difficult for that process to materialise. It would be good if all _____________ realise this. There are many in the top Indian leadership who wish to see Nepal enjoy the _____________ multi-party democracy and federalism in full measure. Some of them can surely muster sufficient goodwill in Kathmandu_____________ the Nepalese leadership to set up a Commission to look into the grievances of the Madhesis and the Tharus - especially with respect to _____________ of provinces and adequate representation.

22. Think of the times when you felt vulnerable - miserable and_____________. What did you desire the most in that situation? A kin offering you few thousands of dollars to rebuilt your life - sans the emotions? _____________ that kind of support suffice? Or did you seek a dear one offering you a shoulder _____________ - have him wipe off your tears - have him hold your hand assuringly and tell you- All will be OK!I find solace in words of kindness - I feel reassured with a warm hug - I feel consoled with a gesture that _____________ a sense of belonging. And I need all this even if I am behindthe eight ball.

23. But our research _____________ that investors cannot operate on divided attention. Major non-market attention-grabbing events overwhelm firm _____________ information carrying strong sentiment. For example - when Hazare was on his fast - a positive news item on Coal India gaining Maharatna status _____________ negative sentiment. Its price fell by almost 2 per cent over the next two days. Around the same period - there was neutral-to positive news on Infosys with officials _____________ in talks to have the IT company set up local presence. Strangely - the stock reported a negative cumulative abnormal return (CAR) of 1 per cent in the two days around the Hazare event.

24. A search engine may weigh the public interest in such information _____________ the right of the person seeking its removal. But this process is _____________ transparent. Moreover - drawing attention to the content _____________ would only further highlight it - creating what is known as a'Streisand effect'. With online privacy and data protection fast becoming important areas of legislative consideration - it is only _____________ before proponents of the right to be forgotten seek its formal approval. But a nuanced conversation about this right will only get off the ground after a comprehensive right to privacy is established.

25. India is now at that crucial stage where inflation is falling - growth has slowed down _____________ and more interest rate cuts are _____________. However - the timing of these rate cuts is a bit _____________ as the inflation trajectory is still not very clear. One has to remember that India has witnessed continuously high inflation over the last 7 years and - therefore - the central bank would likely to wait for concrete proof that inflationary expectations have been broken before cutting rates _____________.