Raghuram Rajan’s Speech @ IIMA Convocation

IMF website has the full version of Raghuram Rajan’s (Chief Economist IMF, Visiting Prof ISB and an IIMA Alum himself) speech at the recent convocation held at IIM Ahmedabad.

I was particularly impressed by the following sentence – “If you do not like going to work every day, the fact that you are driven to it in a Mercedes is not going to make it any more pleasant”.

Newscrawl

• Outsourcing fraud hits the headlines. Jerry Rao, CEO of Mphasis was one of the youngest CTO's of Citibank. MSource BPO employees have siphoned off money from one of the customers of the very same Citibank.

• The Hindu on Names and Namesakes.

• Management Guru Tom Peters on the economics of travel

• Next time you fly, know more about your seat by visiting Seat guru

• My Prof Vaidy on the need for Market reforms in India. Vaidy has a very nice sense of humour. He is a riot in the class.

• Tourism in Munnar gets a facelift (Thanks to Kannan Devan Tea). With Ooty and Kodai being choked bcoz of overflow of tourists and also due to pollution, Munnar is the ideal getaway if you wanna have that private holiday (where you don't bump into your office colleagues ).

• Indian outsourcing at the receiving end again. Some of the criticisms are long hours, adoption of Western pseudo names and Western accent affecting ones ability to converse fluently in his/her mother tongue.

• Chinese food delivery boy stuck in elevator for 3 days (via Boing Boing)