In an article published in Sept 2014, noted economist Ajit Ranade wrote about an important and impending decision (to be made in a part of India). Some of his points:
- Such proposed decisions inevitably cause 'real estate frenzy'
- To avoid such problems, in this case, perhaps this should be located in the middle of nowhere (such as Timbaktu, for there is such a place)
- Or perhaps this should be 'virtual' as there is no real need for this to be located in an actual place.
What decision, which will come into play latest by 2024?
[+ Show Answer]
The decision on what should be the new capital of Andhra Pradesh, after the separation of Telangana in 2014. Hyderabad became the joint capital, but can only be so for a decade. And yes, there's a place called Timbaktu:
More here.
