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Showing posts with the label Karnataka

Decision Making as Output and Bounded Rationality

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  The classical economics theories proceed on the assumption of rational agents. Rationality implies the economic agents undertake actions or exercise choices based on the cost-benefit analysis they undertake. The assumption further posits that there exists no information asymmetry and thus the agent is aware of all the costs and benefits associated with the choice he or she has exercised. The behavioral school contested the decision stating the decisions in practice are often irrational. Implied there is a continuous departure from rationality. Rationality in the views of the behavioral school is more an exception to the norm rather a rule. The past posts have discussed the limitations of this view by the behavioral school. Economics has often posited rationality in the context in which the choices are exercised rather than theoretical abstract view of rational action. Rational action in theory seems to be grounded in zero restraint situation yet in practice, there are numerous restra
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A Background Note on Formation of Karnataka

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Karnataka is etymologically said to be derived from the word KaruNadu or loft land referring to the topography of the state. The Kannada speaking population that constitutes the majority in the state has a rich civilization and by many accounts is one of the oldest languages in the country. At its peak, the Kannada speaking population ranged to northern borders of current state of Maharashtra to the northern part of current Uttarandhra to southern reaches of Tamil Nadu. Chalukyas under Pulkeshi II defeated Harsha of Kannauj on the banks of Narmada. Rashtrakutas reigned over Northern Karnataka and Maharashtra. Gangas and Hoysalas ruled over South Karnataka while Kadambas too had their rule in most parts of Karnataka.   The Vijayanagara dynasty spread from Goa to Andhra with Hampi being one of the most prominent cities in the world. By the time British consolidated power in India by 1857, the Kannada speaking population was divided across many provinces. Post British victory over
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On Rail Connectivity in Karnataka

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Notwithstanding the abolition of a separate Railway Budget, the Pink Book- zonal wise allocation of funds remain keenly awaited. Quantum of fund allocation zone-wise underscore the requisite to extend rail connectivity to new territories. Nonetheless, superfluity of plans aside, ground work remains intermittent. While India is affianced in ritualistic statements, China introduced and expanded the reach of high speed trains; Tibet came on rail map and is a matter of time before their railways touches Indian borders. Given the increasing Chinese reach, Indian achievements if we can term any, pale in comparison. While speeds in China touch 250-300 kmph, most of our trains average around 50 kmph or perhaps even less. The fastest trains in India currently average in the low 90 kmph range. Railway connectivity is not uniform across the country. Beyond doubt, substantial proportion of railway network traces its foundations to the British days. It was military movements accompanied by a
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