The focus should be to simplify the technology which can operate on any platform. The technology solution to the business needs should be user-friendly without much third-party or IT vendor intervention or support requirement for operating the same. In this context, the banks need to redesign...

This article reviews beer production, consumption and the industrial organization of breweries throughout history. Monasteries were the centers of the beer economy in the early Middle Ages. Innovation and increased demand later induced the growth of commercial breweries. Globalization and...

In his early years, B S Minhas, who passed away recently, enriched economics with his valued theoretical contributions that are today an integral part of economic literature. These were both acknowledged and challenged by the giants of economics at that time. On his return to India, realising...

A fresh wave of globalisation since the early 1990s has created both hope and despair. Failure of state has reaffirmed faith in market based institutions. Expansion in trade across national borders and opening the national markets to the world is recommended for speedy and sure economic growth....

This paper aims to demonstrate that the economic behaviour of ordinary men and women in the pre-colonial Deccan was as much ‘capitalistic’ as that of similar agents in contemporary Europe. The difference in the economic trajectories of the two societies can be reduced to different...

India was a major player in the world export market for textiles in the early 18th century, but by the middle of the 19th century it had lost all of its export market and much of its domestic market. India underwent secular deindustrialization as a consequence. While India produced about 25...

The FRBM Act was reflective of the shared commitment across political parties towards fiscal conservatism. A decade later, the picture, as reflected in the Union Budget, is yet to change for the better. And given the interests that the current Government represents, a real departure from the...

The PAISA exercise uses planning and budgeting systems as the entry point, it is an attempt to build an empirical understanding of current governance processes at the grassroots to push for a larger debate on state capacity and administrative capability for building an education delivery...

A review and extended discussion is presented of The Cult of Statistical Significance: How the Standard Error Costs Us Jobs, Justice and Lives by Deirdre McCloskey and Stephen Ziliak, a work that raises important issues related to the practice of statistics and that has been widely commented...