Secret behind Indians’ love affair with engineering study..

Engineer’s Day (September 15) is the birth anniversary of M. Visvesvaraya. Lakhs of engineering graduates are produced in India as another Engineer’s Day arrives, from the thousands of engineering colleges. Why do so many Indian people want to study engineering? (I don't ask this question...

Why is NSG Membership important for India?

For years, India has been trying to gain entry into the Nuclear Suppliers Group (NSG), a 48 member grouping that was formed in the after India’s 1974 nuclear test with the aim of ensuring non-proliferation of nuclear weapons and nuclear technology. From India’s point of view, it was formed to deny...

Over hiring : Common Mistake of Startups

One day, employees at the two TinyOwl offices in Pune and Mumbai walked into the office just like they do on a normal Monday morning and were in for a rude shock. The startup let go almost 100 employees, stating cost cutting as the reason. “I was called personally by my manager and told that they...

Dosanomics Theory of RBI Governor Raghuram Rajan

Raghuram Rajan, RBI governor, likes dosas. Or, rather, he likes using the popular South Indian pancake to explain economic theories. :) In a speech in January, the governor of the Reserve Bank of India set out why high inflation is the “silent killer” of growth. With high inflation and high interest...

Budget 2016 Highlights

Tax Excise duty raised from 10 to 15 per cent on tobacco products other than beedis 1 per cent service charge on purchase of luxury cars over Rs. 10 lakh and in-cash purchase of goods and services over Rs. 2 lakh. SUVs, Luxury cars to be more expensive. 4% high capacity tax for SUVs. Companies...