Expense Account, Mint What if a kilogram was a variable? Or a kilometre? How’d you react if the vendor was free to decide what a kg would measure today? The vendor could then choose to give you five mangoes a kg when he bought mangoes at Rs25 a kg, he could define a kilogram such...
Expense Account, Mint Imagine that you are the manager of a school cafeteria. The school offers a wide range of food and beverages. Suppose research shows that no matter what is at the top of the list, the top three items get ordered more than the rest on the menu. If the manager writes out...
Expense Account, Mint The BlackBerry is active but basic banking is not. I’m at Gaula, home to only 150 people across 27 families. It is also the regional office of Chirag, a 21-year-old non-profit based out of Sitla, Uttarakhand. Why am I here? The chief executive of Chirag is concerned that his staff of 133...
Expense Account, Mint Everybody knows that roads are unsafe, people get run over and cars smash into each other. Yet we continue driving, riding, walking and crossing these roads because there’s a set of rules that defines road use and works 90% of the time. Equity investing is no different. There is a set of...
Expense Account, Mint Buying a financial product in India is a bit like an arranged marriage: you don’t know what you are getting into. And once in, divorce is a costly affair. The matrimonial ads describe the prospective brides and grooms in detail: gori(fair), very beautiful; tall, large income, own house. And of course, a religious...
Expense Account, Mint The bad news is now an unending scream. From the newspapers, the television channels, the hushed office talk of layoffs each month—20 people at a time. From home loan rates that reached 13-14% last year and are yet to fully come off. From our investments that are down horribly, and in the...
Expense Account, Mint ig business and banks do not like you. Well, let me rephrase that. They don’t like you getting a fair deal, but they like the money they can make off you. And they have the power to nudge policy and regulators to do what they want. Why else would each step forward...