Going Once… Going Twice… Sold!

Do you remember the scene from Willy Wonka and the Chocolate Factory where you see people desperately trying to buy the winning Wonka chocolate bar? The film, though more renowned for its other aspects, conveyed to me in the most simple terms, an old yet inchoate idea of auctions and created a lifelong fascination with…

Aamchi Mumbai, Aamchi Best

“There is a difference between being poor and being broke. Broke is temporary. Poor is eternal.” Robert Kiyosaki in his book “Rich Dad Poor Dad” says that if a son uses the loan given by his dad to come out of his current financial crisis, he then has a ‘rich dad’; but if the son…

Education and the Economy – India and China

“Knowledge is power. Information is liberating. Education is the premise of progress, in every society, in every family.”  –Kofi Annan With 2020 only two months away, we enter a new decade and the 29th year after the economic reforms of 1991. Considering this, it is imperative to look back at the growth of our economy. …

Thinking Beyond Zero

“There are a couple of watersheds in human evolution. Most people are comfortable thinking about tool use and language use as watersheds. But the ability to play non zero sum games was another watershed.” – Jonathan Haidt Why do nations indulge in trade when it forces a particular section of their labour force out of…

WHY BONDS ARE INTEREST-ing

The name is Bond. Just, Bond. What do we know about the bond market? On the surface, bond markets look pretty uninteresting. Sombre even. Something for the corporate bigwigs with deep but risk-averse pockets to invest in. For a layperson, the bond market is this mysterious, dark arena only meant for the big players to…

The Curious Case of GST

The Goods and Service Tax Bill that has been recently passed by the Indian Parliament is seen as a welcome change and touted to be “the greatest economic reform since 1991.” The Bill proposes a uniform tax for a single good or service, across the producer, supplier and customer according to the value addition in…