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My Friend Sancho
My first book, My Friend Sancho, was published in May 2009, and went on to become the biggest selling debut novel released that year in India. It is a contemporary love story set in Mumbai, and had earlier been longlisted for the Man Asian Literary Prize 2008. To learn more about the book, click here.
If you're interested, do join the Facebook group for My Friend Sancho
Click here for more about my publisher, Hachette India.
My posts on India Uncut about My Friend Sancho can be found here.
Recent entries
This personal essay by me appears in the winter edition of Forbes Life India. I feel the ground sway…
I’m amazed that India hasn’t yet woken up to the fact that Himesh Reshammiya is the new Govinda. I…
If you thought Ponytail’s speech the other day was funny, wait till you see this: Vishwa Bandhu Gupta, former…
The New York Times reports: A video of a dog apparently mourning the death of his owner at a…
Huffington Post reports: Glenn Beck called Hurricane Irene a “blessing” on his Friday radio show, saying it would teach…
18 October, 2007
Stuck in the Past
Here’s Ajay Shah on India’s monetary policy framework:
There is a very loud constituency that says that the old monetary policy framework of India is the one that should continue to be used. Now, unfortunately, that old monetary policy framework was devised in a closed economy. It worked in the India of the ‘80s; it worked in the India of the early ‘90s. By the late 1990s, the old monetary policy framework was in a lot of trouble, because India’s globalisation and openness, inherently involves contradictions against that old monetary policy framework. Now, when you have a contradiction between India’s progress and an old monetary policy framework, what do you do?
To me, the answer is you reform the monetary policy framework.
Our government, needless to say, does not agree with him.
The excerpt is from a wonderful interview of Shah on CNBC-TV18. You can watch it here, or read the transcript here. If you don’t have the time to read the full thing, just read his last answer.
Shah has much more on the subject on his blog here.
(Link via email from Sumeet Kulkarni.)
Posted by Amit Varma in
