A few years ago, when Percy Mistry’s committee was working on the MIFC report, I used to joke that of the two great industries in Bombay, movies will make it first to international customers. A few days ago in the New York Times, Anupama Chopra [...]

Three fascinating new takes on Mumbai as an international financial centre:

Mukul Asher and Azad Singh Bali in DNA a few weeks ago.
In the February 2010 issue of Pragati released yesterday, there are two articles on this: by Percy Mistry himself, and by V. Anantha [...]

On HowToVanish many people have been asking questions in response to an article I posted about hawala banking. It is a great topic and one that I enjoy talking about so I thought I would respond by fleshing out what kinds of transactions take place in a hawala system and then answer the biggest [...]

There is a fascinating editorial in Business World, which worries that Indian finance has `become moribund, and … no longer promotes either growth or competition ‘ which ends with:
To the question about what is to be done, there are no easy answers. It is necessary for wise people to reflect, to sit together and deliberate, [...]