Old songs

Arguably the best thing about India is its old songs. Just takes you on a different level. Doesnt matter whether your boss had the balls to call you disorganized, or u had a really bad day to the extent that every small thing pisses u off. And the romance of it. Doesnt matter in which genre the song is really classified, every single song has its bit of romance. From Rafi to Kishore Kumar, it is but a matter of voice differentiation.

Banking

First of all, there are too many qualitative differences between conventional and Islamic mode of finance to conclude that they share the risks. Conventional finance seeks to eliminate risks, one of the reasons the crisis struck.Let me explain. Banks essentially transferred their credit risks to insurers and pension funds by securitizations. That is unwise from ecoonmic welfare viewpoint because can best afford to bear credit risks because they originate the credit. Insurers and Pension funds can best afford the liquidity risks since they have long term sources of finance. Hence banks can ill afford to transfer credit risks. On the other hand, the Islamic model does exactly that.The model is dependent on bearing of risks. The essential idea is to consider the purpose of funds and not the credit wothiness of borrowers in the market. Dubai model essnetially collated the two modes of financing .There are loopholes, as the example of refrigerators conveys. However that is more due to the lack of single advisory body. Different banks have different Sharia advisory boards. Moreover they share the scholars due to dearth of these scholars.There needs to more research into it than dubbing it as just another mode.

IPL controversy..

At the outset, let me warn you that the title is a misnomer. I am not here to add to the trivia. There are too many experts to comment and analyse on the issue. I am here to comment on what is going to follow. In short I am trying to be a soothsayer. The beautiful thing about Indian media is its balance of predictability and unpredictability. Predictability in the results and unpredictability in the events. The IPL controversy will lead to expel of Lalit Modi with no consequences to IPL. No more ministers are to follow Tharoor and the 'buck' stops there.

Bangalore...

If there is one place that can serve to be a lesson in administration, I strongly feel it is Bangalore. Just 4 days of residence in this city has made me love this more than 4 years of staying in Delhi did. And work life seems to be very exciting. True that you have to sit through ordeals, be it boredom or work, but it is truly a learning experience for all the freshers.