Questions

  Asymmetric Information & Deepika Padukone:" You can't have it all" Before starting this blog, lemme put a pretext that, this blog is for academic purpose and doesn't mean anything derogatory to the individuals, organizations or any other stake holders concerned thereby. This idea first popped up in my mind while having a not-so-academic discussion with two of my great friends, Alok and Akash. If you have watched and can't recall the dialogue of Deepika,  "Jitna bhi try karo Bunny, kuch na kuch toh chootega hi. Isliye yahin, isi pal ka mazza lete hain,"  from the 2013 Indian coming-of-age romantic comedy-drama movie Yeh Jawaani Hai Deewani, which in English translates into a tautological phrase, "no matter how much you try, you will miss out on certain things, and you can't just have it all." This is primarily a philosophical idea and can be understood from several interesting dimensions of life and academics. The dimension that I wish

C. R. Rao: The Living Legend In an exemplary  announcement, The International Prize in Statistics Foundation  has declared that Prof. C. R. Rao has been awarded the prestigious 2023 International Prize in Statistics. It is considered an equivalent to a Nobel in terms of the contribution and impact required to deserve it. This award recognizes outstanding achievement in the field of Statistics. The prize is awarded every two years by the International Prize in Statistics Foundation to a single individual or team for their contributions to the development and application of statistical methods.  About Prof. Rao:  Calyampudi Radhakrishna Rao, popularly known as C.R. Rao, is an Indo-American Mathematician and Statistician who has gained prominence with his significant contributions to the field of Statistics. He was born on September 10, 1920, in   Hadagali ,  Bellary ,  Madras Presidency  (now in  Karnataka ), India. Rao received his Bachelor's degree in Mathematics from Andhra Univer

  An amateur Nobel dream Nobel Prize © The Royal Swedish Academy of Sciences, Source: http://www.nobelprize.org/ Not so long back yet over a quarter of a century before a dream, with no shape headed towards maturity. While dwindling amongst petals and thrones it ripped and visualised itself in Golden colours. Needless to mention, thrones on the way were relentlessly brutal, yet they taught not to settle for less, which the dreamer is grateful enough for. The lesson that has led all these hours of the journey is that of maintaining goal-oriented behaviour. Its rather presumptive from the caption, on which topic this blog elaborates, however, it can be mentioned as a disclaimer that, the usage of "amateur"  is meant to afford some relaxation from the criticism of over ambitiousness, that this topic and specifically me writing on this may invite.   For someone, who initially considered Arts and Humanities as rather boring disciplines, coming to fall for Economics and Psychology

Happy Vending & India's Tourism Sector The Indian   tourism industry   is expected to secure a $512 billion share of GDP by 2028 with the registration of a growth rate of 10.35% seems to have left behind the basic elements that constitute places to visit for tourists. It is in the local foods, fruits, cuisine and the woven melancholy of their conjecture with the environment, that the real charm of a vacation to tourist places lives. Especially, considering the places to visit in developing nations like India, the importance of tourism dependence on the informal sector prevails immensely. Several   studies   so far have established the importance and contribution of informal and unorganised sectors of India. The Indian tourism sector (amongst others) leads the list, in terms of its dependencies on the informal sector. Needless to mention, the increasing capitalisation and outsourced urbanisation of this tourist destination seem to have added to the burden of the informal vendors