Thoughts

Computer science was earlier a reserved field ,it came into existence in engineering in the mid 90 and There were debates on how this can be field of engineering in the initial days. Today computer science is on the rise ,it's restructuring modules in  other engineering fields to have a applied computer science perspective. Industry has embraced computers and they have become replacements of the type writer,often a simple data entry job which could still be performed on a type writer today has a desktop replacements ,we should largely thank  IBM ,Microsoft and Apple who wanted this to happen to sell there products during initial days. The early computer programs made were largely enterprise software or classical office software's or over counter billing programs. Today the improvisation has bought the same early days computing capability as mobile in the hands of millions , every company needs to build a mobile application along with the web to reach out to its cu...

Daily 30 min at an ATM  machine is my routine, probably the routine with everyone reading this article. The day marks 24th of November, a red letter day for the French where the battle of 30 years war which cost the french very dearly ended ! Inspirational words from the government ? "We see the opportunities of tomorrow but are we failing to see the sunset of the bright days". Does it sound  pessimist ?  During my internship days at RBI ,had a rare opportunity to meet Subbarao then Governor. On that talk show he bought out the point that the larger economical community sees central bankers as "pessimists in the crowd ". If the banks are doing good business they say stop you can't lend so much ,affects the economic stability  !  Central bankers who do the tough job of bringing macroeconomic stability or the economic of scale of currencies , the likes of  Raghuram Rajan who finds it witty to explain the tough  demand prici...

Being i n  the middle of biggest economic reform India has seen in 65 years is exciting moment. A one liner summary to the article would be  "Definitely a bold economic  reform but the biggest policy execution failure in the "History of India". For the Martian reading this ! What happened ?  "Government of India Demonetized 1000 and 500 Rupee Notes which constituted 86 % of circulated currency ". What is the  problem with that after all the state can decide on its currency ? India is a cash intensive economy 90 % of all economic activity and transactions happens in cash.When you cut out 86 % of this currency you risk a big economic shock which can be even lead to an economic slowdown . India is still not  electronic payments friendly as only 25 %-35 %  of all banking transactions are electronic. RBI was very strict till now in  issuing electronic payments licenses and the volume of trade allowed electroni...