Archive for July 11th, 2016

Why India’s policies continue to be of the 10%, by the 10% and for the 10%?

July 11, 2016

Dr YV Reddy revisits the 25 years of reforms.

He usually has the most meaningful things to say. Unlike other such interviews who glorify the whole thinking behind 1991, his view is far more nuanced.

He says we suffer from this tyranny of 10%. On reading just the headline, one thought he referring to our obsession with 10% growth. But what he means is how policy space is being cornered by the 10%:

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Bangalore vs Hyderabad tussle moves to zoos..

July 11, 2016

Bangalore is not just losing investments/MNCs to Hyderabad due to its ever decking infrastructure, it is losing its prospecive zoo animals as well.

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How a thirst for good coffee and competiton has transformed Bangalore’s cafes

July 11, 2016

Superb article by Sandhya Soman in TOI, Bangalore. There is an interview of Mr. V Siddhartha of Cafe Coffee Day in the print edition. He narrates the story of how the idea of Cafe Coffee Day germinated may years ago in 1870 when his family agreed to plant coffee crop apart from others in 1870. He discusses this briefly in Soman article as well.

Coming to Soman article, she looks at the way coffee came to Bangalore. How today it has become interesting competition between old and new cafes:

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Do MBA programs drive inequality?

July 11, 2016

Kynn Parramore has a piece in Evonomics:

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Brexit is part of a larger drama of centralization versus pluralism

July 11, 2016

Prof Perry Mehrling quotes from Prof Charles Kindleberger’s works.

What would Prof Kindleberger think of the Brexit?

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Which was the first bank branch in India and its travails through history..

July 11, 2016

Source: SBI History (Volumes 1, 2 and 3)

The history of SBI by Prof Amiya Kumar Bagchi (first two volumes, 1806 – 1876 and 1876-1921) and Abhik Ray (third volume 1921-55) are much more than just mere banking histories. These are must read books for anyone interested in not just economics and banking but also about society, legal aspects, regional diversity and so on. One could easily use these volumes along with books on Indian economic and political history. The regional dynamics captured by these books is unparalleled.

The amount of effort which has gone into preparing these epics would require couple of lifetimes. To do it, in just one is nothing short of a miracle. But it is a pity that these books are rarely even mentioned in any courses in India (I am not aware of any). These are books which just lie dusted in old libraries. It is unlikely new libraries will even order them.

Anyways, one can just appeal and hopefully these volumes are used to teach as well. this blog shall also try and post on different aspects from these tomes.

Earlier this blog posted on how branch banking started in India. We take branches of a bank as pretty much goven now. But this is not how it was. It took significant time for the Presidency Banks and later Indian banks to develop branch banking. Infact, history of all these branches gives you rare glimpses of India’s local economy which is mostly missed in India’s economic and business history.  So history of branch banking is much more than just looking at bank expansion which is usually the case. Closer details of these branches tells you wonderful tales on how Indian cities and towns actually worked.

So here is the short story of first such branch..

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