Manoj Nayak’s Desk 🖥️

Technical write-offs in India’s banking sector have become a topic of interest and debate due to their impact on the financial health of banks and the overall economy. These write-offs, which are done for accounting purposes, have the potential to boost banks' finances and reduce their tax liabilities. However, there are concerns about the economic and government debt effects that these write-offs may have. Technical Write-Offs and Non-Performing Assets One significant development in this area came with Prime Minister Narendra Modi’s decision to reduce the number of public sector banks from 27 to 12....

In his recent book, “The Indian Business Stories - 60 Unheard ‘Stories of Business From India’,” author Rahul Mehta attempts to shed light on the intriguing world of hostile takeovers and corporate conflicts in India. This compilation promises an interesting read for business enthusiasts with tales ranging from Ratan Tata’s battle with his old guard to the biscuit war between Nusli Wadia and Britannia. However, despite its potential, the book falls short of comprehensively exploring these narratives....

In today’s society, many believe that the key to success is working hard and making a lot of money. However, working for love, rather than solely for financial gain, is the true path to success and fulfilment. While working for love may not always result in a high income, it allows for a deeper connection to one’s work and a sense of purpose that can be even more valuable than money....

Recently, I had the pleasure of reading a book India is Broken : A People Betrayed, 1947 to Today by Ashoka Mody that delves into the economic history of India from independence to the present day. The book explores the policies of Indian prime ministers from Nehru to Narendra Modi and argues that they have all shortchanged India by focusing on the wrong priorities. Mody’s main argument is that Indian prime ministers have focused too much on building temples and other infrastructure projects instead of investing in primary education....

I met Dhirendra bhai in 20008 because I was running a local news blog, and he was an avid follower. He invited me over to his small workshop. He was an expert die and mould designer. I immediately knew that cause my father was also an expert thermoplastic dies, mould and machine manufacturer. I had sold the family manufacturing business and didn’t like getting my hands dirty on the shop floor....

You will probably end up breaking your back than becoming rich by working your ass off. Here is what will make you rich If you want to get rich, you need to get into positions of Power and develop a very good understanding of systems thinking. I talk about the four types of Power in my earlier blog post. If you want to understand systems thinking, I recommend this excellent book called Thinking in Systems....

Systems thinking is an approach to problem-solving and decision-making that views the world as a series of interconnected and interdependent systems, rather than a set of isolated and disconnected parts. It is an interdisciplinary approach that draws on principles from multiple fields, including systems theory, ecology, computer science, and psychology. In systems thinking, the focus is on identifying the relationships and interactions between the components of a system, rather than analyzing them in isolation....

Highlights first synced by [[Readwise]] [[May 1st, 2023]] Because of feedback delays within complex systems, by the time a problem becomes apparent it may be unnecessarily difficult to solve. — A stitch in time saves nine. (Location 202) According to the competitive exclusion principle, if a reinforcing feedback loop rewards the winner of a competition with the means to win further competitions, the result will be the elimination of all but a few competitors....

In Feb this year. I had sprained my neck cause I sat on my Mac for 15 hours a day continuously for two straight weeks. The pain was so severe that I just couldn’t sleep for a week and I was forced to take two weeks off from work. My neck was so strained that it hurt a lot when I lifted my head to look at the screen. It felt like someone was pushing my neck down and twisting my left arm....