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My Friend Sancho
My first novel, My Friend Sancho, is now on the stands across India. It is a contemporary love story set in Mumbai, and was longlisted for the Man Asian Literary Prize 2008. To learn more about the book, click here.
To buy it online from the US, click here.
I am currently on a book tour to promote the book. Please check out our schedule of city launches. India Uncut readers are invited to all of them, no pass required, so do drop in and say hello.
If you're interested, do join the Facebook group for My Friend Sancho
Click here for more about my publisher, Hachette India.
And ah, my posts on India Uncut about My Friend Sancho can be found here.
Recent entries
Here’s the WTF headline of the day: Woman co-pilot lands jet solo If that was a man, this wouldn’t…
Via Ta-Nehisi Coates, I came across this beautiful poem named “Dear Augusta,” by Reginald Dwayne Betts. Check it out—and…
Speaking about his new film Shaapit, Vikram Bhatt says: I did some research and a very important fact emerged.…
The Indian Express informs us of the invention of a washing machine for pets, which “gives pets an automatic…
The WTF opening sentence of the day comes from a Rediff report: According to the National Crime Record Bureau…
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
