In your interest.
Online Personal Finance Magazine
No beating about the bush.
Writing about TN Shanbhag brings a myriad memories going back nearly half a century. I first visited Strand Bookstall and met Mr Shanbagh in 1963. Then new to Bombay, I wanted to ‘discover’ the ideal places for ‘adda’ that I was addicted to. Strand Book Stall was then about a decade old but well on its way to becoming an institution inseparable from the culture of Mumbai.
A lot of people say that India’s economic situation is not so bad. Personal debt is low, there is adequate domestic demand and the pain of unemployment has been, to a large extent, mitigated by government policies. Others say that the problems have not even begun. Corporate balance sheets are stuffed with massive debt that cannot be serviced. There is a lot of hidden and contingent debt due to...
The other day, my friend was com-plaining that her husband leaves for work at 10am and is back home at 5pm! This is probably five less hours than he has always stayed out of the house. The downturn had meant lighter days at the office, so he would just leave late for office and come home early. She wasn’t perturbed by the fact that he had much less work, but was unhappy that he was bored. He...