Transforming Lives, one problem at a time!

On the 14th of October, 2019, The Royal Swedish Academy of Sciences announced the Nobel Prize Winners in Economic Sciences for 2019. Dr. Abhijit Banerjee, Dr. Esther Duflo and Dr. Michael Kremer were jointly awarded the Nobel Prize for their contribution in developing experimental approach to alleviating global poverty. Development Economics is that branch of…

Example of what an app shouldn’t be like!

Hello, person who is, statistically speaking, a human adult aged approximately “millennial” to “boomer.” The analytics suggest a high likelihood that you’re aware of an app called TikTok, and a similarly high likelihood that you’re not totally sure what it’s all about. Maybe you asked someone younger in your life, and they did try to…

Unfolding the RBI Transfer

The Reserve Bank of India, in late august, approved the transfer of 1.76 lakh crore, from its reserves to the Government of India. Fundamentally, the concept behind the transfer is similar to that of a private company distributing dividends to its shareholder. The dividend, which is paid annually, was 50k crore in financial year 2017-18…