News has just ‘flown in’ that Inflation is up to 11.63 % !! With the world heading towards recession, and oil prices booming, inflation is bound to come. RBI responded last week by raising repo rate from 8% to 8.50%. The Reserve Bank also hiked the CRR (percent of deposits of banks kept with RBI) to 8.75% from 8.25%.
Read more on the effects it’ll have here.
just read the famous autobiography of Sam Walton – ‘Made in America‘ . Here is a small book review/note that I have made for my readers.
Walton takes the reader from the days when he sold newspapers and magazine subscriptions at the age of 10 to his last days when Wal-Mart was a thousand stores strong. He had always been hard-working and economical: he paid for full college fees on his own, helped on his family farm too, even waiting tables in exchange for a meal and sleeping in
sleeping bags against hotel rooms. Gave up the prospects of joining post-graduate college to being a management trainee at J C Penny where he discovered his love for retailing. Subsequently he spent 3 years (1942-45) in the US Army before opting to start a Ben Franklin franchise in 1945. He worked day in and day out, and after learning the tricks of trade, and also his innovative methods, he set up Wal-Mart stores in 1962.
Read the rest of the great post here
