Saturday, April 14, 2018

BOOKS OF THE WEEK - 14TH APRIL, 2018

Reimagining Pakistan 
Transforming a Dysfunctional Nuclear State
By - Husain Haqqani 
About the Book
Salman Rushdie once described Pakistan as a 'poorly imagined country'. Indeed, Pakistan has meant different things to different people since its birth seventy years ago. Armed with nuclear weapons and dominated by the military and militants, it is variously described around the world as 'dangerous', 'unstable', 'a terrorist incubator' and 'the land of the intolerant'. Much of Pakistan's dysfunction is attributable to an ideology tied to religion and to hostility with the country out of which it was carved out - India. But 95 per cent of Pakistan's 210 million people were born after Partition, as Pakistanis, and cannot easily give up on their home. In his new book, Husain Haqqani, one of the most important commentators on Pakistan in the world today, calls for a bold re-conceptualization of the country. Reimagining Pakistan offers a candid discussion of Pakistan's origins and its current failings, with suggestions for reconsidering its ideology, and identifies a national purpose greater than the rivalry with India.
About the Author
Husain Haqqani is Pakistan's leading dissident public intellectual. In addition to serving as Pakistan's ambassador to the United States from 2008-2011, he was an adviser to three civilian prime ministers, including Nawaz Sharif and the late Benazir Bhutto. Haqqani currently lives in exile in the United States, where he is Senior Fellow and Director for South and Central Asia at the Hudson Institute.
ISBN : 978-9352777693   Price : Rs. 699.00
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Saturday, April 7, 2018

BOOKS OF THE WEEK - 7TH APRIL, 2018

Advice and Dissent: My Life in Public Service
By - Dr Y.V. Reddy
About the Book --------------------------------------------------
A journalist once asked Y.V. Reddy, 'Governor, how independent is the RBI?' 'I am very independent,' Reddy replied. 'The RBI has full autonomy. I have the permission of my finance minister to tell you that.' Reddy may have put it lightly but it is a theme he deals with at length in Advice and Dissent. Spanning a long career in public service which began with his joining the IAS in 1964, he writes about decision making at several levels. In his dealings, he was firm, unafraid to speak his mind, but avoided open discord. In a book that appeals to the lay reader and the finance specialist alike, Reddy gives an account of the debate and thinking behind some landmark events, and some remarkable initiatives of his own, whose benefits reached the man on the street. Reading between the lines, one recognizes controversies on key policy decisions which reverberate even now. This book provides a ringside view of the licence permit raj, drought, bonded labour, draconian forex controls, the balance of payments crisis, liberalisation, high finance, and the emergence of India as a key player in the global economy. He also shares his experience of working closely with some of the architects of India's economic change: Manmohan Singh, Bimal Jalan, C. Rangarajan, Yashwant Sinha, Jaswant Singh and P. Chidambaram. He also worked closely with extraordinary leaders like N.T. Rama Rao, as described in a memorable chapter. As governor of the RBI from 2003 to 2008 he presided over a period of high growth, low inflation, a stable rupee and ample foreign exchange reserves - a far cry from the 1991 crisis he lived through and describes in vivid detail, when the country had to mortgage its gold to meet its debt obligations. He is credited with saving the Indian banking system from the sub-prime and liquidity crisis of 2008 that erupted shortly after his term at RBI ended. Dr Reddy provides insight into post-crisis reflection undertaken by several global institutions on the international monetary system and financial architecture. In addition, he describes the development of the Fourteenth Finance Commission report, which he chaired, and is considered a game changer. Leavened with his irrepressible sense of humour, Advice and Dissent is a warm, engaging account of a life that moves easily from his career in the districts as a young IAS officer to the higher echelons of policy making, in a trajectory that follows change in the country itself.
About the Author -----------------------------------------------
Dr Y.V. Reddy is a former IAS officer of the 1964 batch who served as the Governor of the Reserve Bank of India from 2003 to 2008. He was awarded the Padma Vibhushan in 2010.
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