Archive for February 16th, 2015

Book Review — A new beginning the turnaround story of Indian Bank

February 16, 2015

As India’s public sector banks struggle with losses and NPAs, they might want to read this book. The book is written by Mrs. Ranjana Kumar who spearheaded the turnaround of Indian Bank in early 2000s.

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The Austrian School: The History, The Principles, and How It Got Its Name

February 16, 2015

This is as good as it gets. A really useful audio interview of Mark Thornton on the school which remains ignored in economic teaching.

Right at the beginning Dr. Thornton points how the school teachings were missed in all his economic courses. Then there is a great discussion on how Fischer remains relevant to policymakers but not Mises. He calls central banks as legal counterfeiters of currency which is an interesting oxymoron of sorts.

In this informative interview, Mark Thornton details how Carl Menger started the Austrian school of economics, and the possible Greek and Roman philosophical roots the school observes. Dr. Thornton and host Frank Conway also discuss the important limitations to Austrian economic thinking, how von Mises’ papers got in the hands of Nazi Germany and then the Soviets, and the different economic perspectives and predictions of Ludwig von Mises and Irving Fischer.

Book Review: Bata Shoemaker to the World

February 16, 2015

For an Indian, Bata was synonymous with shoes. In most cities and towns where basic facilities were unavailable (and continue to do so). having a Bata store was ajust such an amazing thing. A company which most assumed was an Indian one (and continue to do so; it originated in Czechoslovakia and then moved to Canada post WW-II), the impact on Indian society (and other developing countries) is just invaluable.

So it was amazing to stumble on this book in library (free Google books link) on the business history of the company. It takes some book to keep a cricket fan away from the hyped Indo-Pak World cup cricket clash yesterday.

It is written by Thomas J Bata whose father set up the company in Kiln in Czechoslovakia. He succeeded his father from 1930s onwards (father dying in an accident) to 1980s in what were really trying and exciting times for businesses.

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India is the world’s largest psephocracy… only secondarily the world’s largest democracy.

February 16, 2015

Nice interview of Ashis Nandy. Pretty straight forward and front foot batting.

He reflects on recent AAP victory and future for BJP:

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