Category: Uncategorized

LOST IN THE AGGREGATES- COMMENTARY ON THE REPORT EVOLVING A COMPOSITE DEVELOPMENT INDEX OF STATES

By Prof. Abhilash S. Nair Since independence, successive governments have endeavored to develop an egalitarian India whose economic development percolates to citizens living across the country. A major step in ensuring this outcome has been the various studies that have identified backwardness of different states in India. Accordingly, the central resource allocation is channeled so as to bridge this development …Read more »

FORD, TISCO, FACEBOOK: THE COMPANY TOWNSHIP THEN AND NOW

By Prof. Aparajith Ramnath Facebook’s plans to build a 394-flat residential complex for its staff in California, and the ensuing discussions in the media, raise an interesting historical question. Why do companies set up townships? There are strategic reasons: the seventeenth-century walled cities of Fort St. George (Madras) and Fort William (Calcutta) were established by the East India Company as …Read more »

SHAMELESSLY CHANGELES

By Prof. Mahesh P. Bhave If you go to Reliance Fresh or Big Bazaar, and are about to pay for the merchandize you have bought, chances are greater than even that the person at the cash register has no change to give you. He will ask you if you could produce the exact amount. If asked as a sheepish request, …Read more »

PASCAL’S WAGER: A MEDIEVAL GOD VS. A MODERN GOD

By Prof. Kausik Gangopadhyay Blaise Pascal, a gifted French mathematician and physicist of the seventeenth century, was an interesting character. Working on his own, Pascal discovered most of the Euclidean Geometry in his early adolescence. By his early teens, he invented a calculating machine—with no less than 20 prototypes called “Pascalines” made—to perform all four arithmetic operations. Unfortunately, prohibitively high …Read more »

ERUDITION: THE LOST CREED

By Prof. Kousik Guhathakurta I was flipping through the pages of a reasonably fat book when a student entered my office for some usual reason (which could be anything between a request for reconsideration of evaluation and a genuine academic clarification). I do not quite remember what he exactly wanted and how I reacted. That is neither interesting nor too …Read more »

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