Archive for March 14th, 2016

Fatal flaw in private banking systems..

March 14, 2016

Prof TT Rammohan has an article on the topic.

As Indian media and experts blame all ills on India’s public sector banks , the western world has an opposite take on the matter. There is a joke someone was telling me on this. First you take a loan from a public sector bank to go to a foreign university. Then you come back as an expert questioning the entire essence of the same public sector banks.

The author reviews Mr Adiar Turner’s recent book which points to issues in private banking system:

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Six mistakes of TinyOwl, the blue-eyed start-up child,,

March 14, 2016

How familiar is this story of Tinyowl to the several startups in dotcom phase at the start of the 21st century.

The author lists six mistakes the firm made. The blog would say it was just one- refusal to learn from history and think “This time is different”.

All these technologies linked to food markets eventually disappoint whereas age old dabba system just runs fine. One obvious reason is lack hype in latter where thousands of dabbawallas provide food across corners of Mumbai with minimal capital and  fuss. Whereas with most of these food technology firms, it is about just hype – of the idea, of its promoters and their fancy background , the VC partners names and so on.

Media is to be blamed as well which can never figure this history bit. They take you up in no time and bring you down in no time as well..

Karnataka Govt’s lifetime road tax on outside cars declared unconstitutional by the High Court..

March 14, 2016

Well, there is some justice and a jolt for Karnataka Govt which has haraassed so many commuters.

The copy of the court decision is here. Huge applaud to the people who dared fight the State of Karnataka and bureuacracy on the matter. The way the govt officials impounded cars and licences reminded one about the powers a government has no matter how illegitimate the matter may be. No warning or anything, just confiscate.

However, there is still some confusion over the matter.

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