Category: Business and Economics
Business and Economics
Showing all 8 results
All the Wrong Turns: Perspectives on the Indian Economy₹602.00Buy product
Why does India lurch from economic crisis to economic crisis? There’s been one every decade since 1950. Why is a decade of high growth always followed by a decade of low growth? How does India’s economic management differ from China’s? What’s the mindset that has shaped policy since Independence? Are we doomed to bumble along?These are some of the troubling questions that T.C.A. Ranganathan and T.C.A. Srinivasa Raghavan attempt to answer in this thoughtful book. Both experienced observers of the Indian economy and its constraints, they analyse the economy over the past seven decades to examine how successive governments have managed the Indian economy. They find that there has been a remarkable continuity in policy and strategy, mostly of the wrong sort! In All the Wrong Turns, they investigate all major strands of the economic, political, constitutional and administrative system to delve deep into factors that have constrained the country’s development. The solutions they offer are implicit in their analysis.
Pandemonium: The Great Indian Banking Tragedy₹556.00Buy product
‘The Reserve Bank of India would like to assure the General public that Indian Banking system is safe and stable.’ – RBI Statement, 1 October 2019 Why did India’s central Bank have to issue an unprecedented statement to that effect? In Pandemonium: The Great Indian Banking Tragedy, bestselling author Tamal Bandyopadhyay takes you in search for the answer. It is a definitive insider story on the rot in India’s banking system – how many promoters easily swapped equity with debt as bank managements looked the other way to protect their balance sheets, until the RBI began waging a war against ballooning bad loans. The same troubles quickly spilled over to India’s mushrooming non-banking financial companies, which were quick to spot the post-demonetisation easy liquidity and banks’ reluctance to lend, prompting them to make the cardinal sin of borrowing short to lend long. What really ails public sector banks, the backbone of India’s financial system? Is it the government ownership itself, or how this owner actually behaves? And just when many were rooting for privatisation as a way out, powerful bankers such as Chanda Kochhar and Rana Kapoor exposed the soft underbelly of seemingly more efficient and profitable private banks of India. A timely and insider look at dramatic forces reshaping banking in Asia’s third-largest economy, this book is a bird’s-eye view of Indian banking and also a fly-on-wall documentary. A must-read to understand contemporary India’s challenges and economic potential.
Planning in the 20th Century and Beyond: India’s Planning Commission and the NITI Aayog₹782.00Buy product
The Planning Commission played a crucial role in the type of development that India followed after independence. However, even though most economic analyses of India mention the five-year plans, the Planning Commission as an institution remains little studied. This is why this book proposes to look backward, examining the history of the idea of planning and the history and experience of planning in India. It also looks forward, trying to evaluate, beyond ideologies, which role the practice of planning has and should have in contemporary India. It then proposes that the NITI Aayog, the think tank founded on 1st January 2015 after the demise of the Planning Commission, could learn from this experience. This book addresses three leading questions: why plan economic development? How to plan? And what exactly can/should be planned? These questions are interrelated and the contributors of this volume, each with their own focus, propose elements of replies.
Reform and the Structure of the Indian Economy: Output-Value Added Symbiosis₹515.00Buy product
This book studies pitfalls in value added accounting of sectoral growth in real terms in the context of liberalisation of the Indian economy. Growth of sectoral gross value added can systematically deviate from that of final expenditure (and gross output), even maintaining the broad national accounting identity between the aggregates. For an investigation along these lines, input-output transactions tables provide invaluable information. The book discusses at length tricky questions of data handling and issues in interpretation of data. As the growth rate of the economy accelerated, economists observed that growth of value added came mostly from the service sector. Can the service sector maintain the momentum if manufacturing fails to get charged up in spite of all reforms aimed at this objective? The book studies this question in depth and addresses an audience interested in studying the Indian economy.
Risk and the Rupee in Pakistan’s New Economy: Financial Inclusion and Monetary Change in a Frontier Market: 12 (South…₹675.00Buy product
In a world of open markets and global trade, development thinking seeks stability and prosperity for the world’s poor by expanding access to financial products. This book challenges the development sector’s embrace of ‘financial inclusion’ by exploring how the new risks and instabilities that accompany the pivot towards the global economy undermining the functioning of money itself. Cast against fundamental change in the monetary environment accompanying the globalisation of markets, the book examines the rapid liberalisation of money and markets in Pakistan. It argues that liberalisation has generated substantive problems not only for the central bank as guardian of national currency, but for ordinary households. By pinpointing how globalisation generates new risks for households in the everyday economy, the book reveals jarring contradictions between free markets and financial inclusion whilst challenging money theory by positing substantive and empirically-grounded monetary contestation that demonstrates a burden of risk imposed on ordinary people, that is only exacerbated by financial inclusion.
The Inheritance of Dreams: Effective Business Strategies and Life Principles through Storytelling₹250.00Buy product
Your true success, wealth and happiness are three generations away. All three are here to help you attain your success. The Inheritance of Dreams is a unique combination of thrilling dialogues, precious business and life lessons, money-making laws, family emotions, incredible instances, heart-breaking love, infinite motivation, an entertaining story package, and many soul-shaking aphorisms. It begins with our hero Cooper, a 17-year-old middle-class family boy, who accidentally stumbles upon something ravishing and eye-catching, which he loves the most for the first time but cannot owe it just because he is not RICH. He vows to own that beauty with his full heart and pure complete determination. He gets surrounded by adversities and failures but never wavers. He shatters his limits and goes beyond by increasing his assets and skillsets and tries to build a FORTUNE for himself. Coming along, you will also encounter a man possessing a special gift who challenges time to become a millionaire. The ironic chemistry between a broken billionaire and an abandoned orphan named King will leave you stunned and smiling. Will they achieve their absolute dreams? Let’s find out together.
The Second Arrow₹298.00Buy product
Times are tumultuous; each day brings in new challenges. Economies, businesses and individuals are tossed around in this chaos. Yet the more things change, the more they remain the same. In The Second Arrow, the author walks through the transformation journeys of three centurion organizations, reliving these learnings to come up with a navigation kit to cruise through the chaos. This toolkit teaches us to embrace uncertainty and how to survive, evolve and thrive through disruptions. The book talks about the simple values of doing the right things and taking each day at a time and the lessons learned by the author in the trenches of corporate life and practiced at boardrooms. It captures the priceless experience of having been there and done that.
Yes Man: The Untold Story of Rana Kapoor₹283.00Buy product
The Rise and Fall of One of India’s Most Promising BankersThe year was 2004, India’s economy was booming and ‘India Shining’ seemed like a true slogan. Around the same time, a non-banking financial company applied for and received a licence to operate as a private bank. Yes Bank was born. Its rise was phenomenal and it soon became the fourth-largest private bank in the country, with approved permissions to operate in Singapore, London and Dubai. The returns were also immense: shareholders received hefty dividends on their investments for years on end.That is, till the skeletons began tumbling out of the Yes Bank lockers. Stories of the bank’s reckless lending were going around, and allegations of bribery and corruption became rife. Ultimately, in March 2020, the bank ran out of money, and customers were unable to get their own savings out of their accounts. The bank’s promoter Rana Kapoor was arrested, and multiple agencies began what is still an ongoing probe.Yes Man is the story of Rana Kapoor, and his Icarus-like flight that eventually led to the Yes Bank crisis. From starting out as a junior employee at Bank of America to leading a bank worth billions, Kapoor’s rise and fall is a case study in ambition, greed and deceit. In this hard-hitting book, Pavan C. Lall details not only Rana Kapoor’s journey, but also asks tough questions about the banking system, its regulators and even the business environment that led to a point of no return for Yes Bank.