Monday, April 26, 2010

Stretched money

Backwaters to Boardroom
Dr Rama Iyer

Financial management of yesteryear

Money stretched more those days, reminisces Dr Rama Iyer in Backwaters to Boardroom, while talking about his experience in IIT-Bombay in the early 1960s. “The scholarship I received was a princely sum of Rs 150 per month… I spent Rs 60 for food, Rs 10 for room rent and Rs 10 on monthly fees,” he recounts.


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