Psychology of Fraud – Decoding Nirav Modi Case

Indian banking sector is back in the news, this time for its frauds. The multi-billion rupees Punjab National Bank (PNB) – Nirav Modi fraud became the prime-time story for every news channel. We saw blame game between Congress and BJP & between the government and the central bank. The credibility of the regulator, management and…

Uberization of Air Travel

Which is the largest taxi company and hotel company in the world? The obvious and immediate answer would be ‘Uber’ and ‘Airbnb’ respectively. But let us rethink. Neither Uber nor Airbnb holds any asset i.e. taxis and hotels respectively. They are only the enablers and media. Today, tech companies can sell anything, anywhere and anytime….

When Psychology Meets Economics

[This is Part 2 of the series ‘NexGen Economics’ (NGE). The series will throw light upon how the future or next generation economics would change the way of doing businesses, managing nations and living lives too. Let us enter and try to decode the future.] In case you have not read the Part 1 of…

A Good Day

“A positive newspaper headline, a happier commute to the workplace, a good boss and a lovely family can increase the productivity of the economy.” I have no idea whether this was ever quoted or studied earlier. But I strongly believe in my quote. Bad Day A typical day starts with a cup of tea along…

“Irrational: We the People”

[This is Part 1 of the series ‘NexGen Economics’ (NGE). The series will throw light upon how the future or next generation economics would change the way of doing businesses, managing nations and living lives too. Let us enter and try to decode the future.] Economic theories have an underlying assumption that all individuals are…

Look Before You Typo

We face typographical errors (“typo” in slang) daily. Experts feel that this is a ‘fat finger syndrome’ which means an unwanted secondary action occurs while typing due to fat finger. According to them, when a finger is bigger than the touch zone, inaccuracies in the text might occur. But I am pretty sure that ‘haste’…

Unequal and Opposite Reactions

In April this year, the Hon’ble Supreme Court banned liquor sale within 500 metres of state and national highways in order to tackle ‘drinking and driving’. According to Riyaz Amlani, the President of National Restaurant Association of India, the hospitality industry lost more than Rs. 1000 crores worth of business between April and August. The…

Changing Taste Buds of Indians

The food experience in the country is changing day by day. And it changed remarkably during last two decades. I remember giving a Vada Pav, a Melody (chocolate by Parle) or a Pepsi-cola for the birthday party while I was in school. Today, these items are more of an everyday snack than a party food….

Economics of Qatar Isolation

Coalition of Saudi Arabia, United Arab Emirates (UAE), Egypt and Bahrain cut off diplomatic and economic ties with Qatar the last week. The reason for such surprise step was Qatar’s funding to terrorism as alleged by the Saudi Arabia led coalition. According to one report, Qatar has directly provided $1 billion to Iran and Al-Qaeda…