Poverty and Cargo Cult

When tribals on an isolated island saw some European soldiers and their equipment, they were surprised. More over when they saw Airplanes dropping items for these soldiers they started believing that the Gods send them these gifts because of the rituals these soldiers perform. These perceived rituals is nothing but wearing the uniform, marching, talking [...]

Poor Arent Lifeless Bricks

India is a poor country. As per world bank reports there are about 450 million people living below world poverty line. (less than $1.25 or Rs 62.5 per day). Over all the World Human Development Index HDI report keeps India in the company of Sub saharan countries. We are with countries like Solomon Islands, Lao [...]

The union budget: A primer from a non expert.

Because this was en election year only an interim budget was presented by Pranab Mhukharjee this April. Now that a stable government is in place, he is expected to present the final budget.
Like most of the people even I thought that budget and it’s impact on my life is insignificant. Even the tax exemption levels [...]

India’s Growth story.

Source : http://www.mitpressjournals.org/doi/pdf/10.1162/asep.2008.7.1.1
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funny quotes on Inflation

“Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.”
“Law of inflation: whatever goes up will go up some more”
“By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.”
“Inflation is bringing us [...]

Inflation: n00b’s guide

I went to vegetable markets after a real long time. Though I never felt the heat of inflation I was indeed shocked to see the prices. Just like all other government facts and figures I had thought that 7+ inflation wouldnt affect life of common public.  coriander leaves were now selling for Rs 15 instead [...]

Story of a Successful Indian Businessman

A city boy Shambhu bought a goat from his village for Rs 1000. The person selling ti took the money and promised ot deliver the goat to his city next day. However on the subsequent day Shambhu was told that the goat had died suddenly. Shambhu asked back his money, the person said he couldnt [...]