Monday, April 26, 2010

Stretched money

BookValue
Backwaters to Boardroom
Dr Rama Iyer
( http://www.landmarkonthenet.com/)

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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