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Mahamandiche Umbarthyavar (Marathi)

Author: Atul Kahate
Language: Marathi
Length: 108 Pages
Publisher: Manovikas Praksahan
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Specifications of Mahamandiche Umbarthyavar (Marathi)

Contributors
Author Atul Kahate
Book Details
Publisher Manovikas Praksahan
Publication Year 2011
ISBN-13 9789381636022
ISBN-10 9381636022
Language Marathi
Number of Pages 108 Pages
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Book Reviews of Mahamandiche Umbarthyavar (Marathi)

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TOP REVIEWS View All Top Reviews (10)

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★★★★★
★★★★★
12 Jan 2012
Horror Story of the Economic Crisis

There is a joke that has been going around on the internet that if you get a call from your bank saying that there are insufficient funds in the account, you have to ask if they mean your account or theirs. Often, reality is reflected in popular humor, and this joke is a reflection of what is happening in the global economy, especially in the Western countries like USA and the Western Europe. Mr. Atul Kahate???s book ???Mahamandichyaa Umbarthayavar??? is an excellent story about the current global economic crisis. Actually, after reading Mr. Kahate???s book one gets the feeling of having re... ()

There is a joke that has been going around on the internet that if you get a call from your bank saying that there are insufficient funds in the account, you have to ask if they mean your account or theirs. Often, reality is reflected in popular humor, and this joke is a reflection of what is happening in the global economy, especially in the Western countries like USA and the Western Europe. Mr. Atul Kahate???s book ???Mahamandichyaa Umbarthayavar??? is an excellent story about the current global economic crisis. Actually, after reading Mr. Kahate???s book one gets the feeling of having re...
There is a joke that has been going around on the internet that if you get a call from your bank saying that there are insufficient funds in the account, you have to ask if they mean your account or theirs. Often, reality is reflected in popular humor, and this joke is a reflection of what is happening in the global economy, especially in the Western countries like USA and the Western Europe. Mr. Atul Kahate???s book ???Mahamandichyaa Umbarthayavar??? is an excellent story about the current global economic crisis. Actually, after reading Mr. Kahate???s book one gets the feeling of having read a horror story because he predicts that things will get much worse before they get better in the global economy. Some people may accuse the author of being too pessimistic and alarmist in his outlook, but the events that have happened in the couple of months after the book was published confirm the grim predictions he has made in the book. Standards and Poor, a global rating agency downgraded the credit rating of the US Government, sending stock markets crashing around the world. MF Global, one of the largest broking companies dealing in financial derivative products fell victim to the sovereign debt crisis in Europe and collapsed, after reporting a quarterly loss of nearly Rs.1,000 crores. MF Global had taken bets on sovereign debt of some of the troubled European countries like Greece and Italy, and when the value of the debt became highly doubtful, it took MF Global down with it. At the time of this writing, the governments of EU countries are negotiating hard with banks on structuring a bailout package for the PIIGS countries. This is going to result in social unrest, strikes and possibly violent demonstrations, as has happened in the past.
The biggest achievement of Mahamandichya Umbarthyavar is that Mr.Kahate has explained in very simple terms that even a layman can relate to, the historical background and political and economic factors in the USA, and more recently, financial manipulations perpetrated by the large investment banks that have led the world into the current economic crisis. He has taken very simple examples from day to day financial transactions to explain some of the concepts, without oversimplifying or trivializing them. For example, the term commonly used is that the government ???prints money??? to finance its deficits. The misconception that most people have that the government actually prints bank notes in its printing presses and injects them into the economy. Mr.Kahate has explained in very simple terms what ???printing money??? actually means and the various mechanisms that the government uses to make up for fiscal deficits. He has explained how Richard Nixon, when he was president of the US, repealed the gold standard arrived at in the historic Bretton Woods agreement after the second world war, and delinked the dollar from the gold reserves of the US, thereby giving the governments the leeway to ???print??? as much money as they needed, which has been partly responsible for the current crisis. He has explained how the ???greed is good??? culture in the US banks led them to take excessive risks for maximizing profits, and how the structuring of extremely complex financial instruments which sometimes even they themselves did not understand, led to the collapse of some large institutions like Lehman and AIG which were always considered to be too large to fail.
The book left this reader with a couple of deep questions in his mind. If the free market and capitalistic system is bad and has resulted in the current mess, what is the answer? We all know the terrible problems caused by the communist regimes in the former Soviet Union and neighboring countries. In fact, Communism in the original form remains in very few pockets like North Korea and has been replaced with free market systems. Communism remains only in name in China. We have also seen the problems caused by our own experiment with Socialism after independence, which set us back by several decades by creating a massive and wasteful public sector in areas like aviation and mining which is not the business of government.

The book reads like a horror story without ghosts or villains. So the question is, is this the end of the world as we have seen it? In the opinion of this reviewer, this is another huge wave, which will clean up the debris, and the super power economies of the world will be replaced by new ones, until they go through the same process and the next wave replaces them with new players.

In conclusion, Mahamandichya Umbarthyavar is a must read for anyone who is concerned about the happenings in the global economic scene, and wishes to understand what is actually happening.

- Nandu Kulkarni - Ex Senior Vice President - i-flex solutions limited (Oracle Financial Services Software Limited)

3 of 3 users found this review helpful.
★★★★★
★★★★★
12 Jan 2012
?????????????????? ????????????????????????????????? ??????????????? ?????????????????? '???????????? ??????????????????'

???????????? ??????????????? ??????????????? ?????????????????????????????? '????????????????????????????????? ???????????????????????????' ?????? ???????????????????????????????????? ?????????????????? ?????????????????? ???????????????????????? ????????? ??? ???????????????????????? ?????????????????? ?????????????????? ???????????????????????? ??????????????? ?????????????????? ?????????. ?????? ?????????????????? ???????????? ?????????????????? ????????? ?????????????????? ???????????????????????? ????????? ??????????????? ?????????????????? ???????????? ???????????? ????????? ??????... ()

???????????? ??????????????? ??????????????? ?????????????????????????????? '????????????????????????????????? ???????????????????????????' ?????? ???????????????????????????????????? ?????????????????? ?????????????????? ???????????????????????? ????????? ??? ???????????????????????? ?????????????????? ?????????????????? ???????????????????????? ??????????????? ?????????????????? ?????????. ?????? ?????????????????? ???????????? ?????????????????? ????????? ?????????????????? ???????????????????????? ????????? ??????????????? ?????????????????? ???????????? ???????????? ????????? ??????...
???????????? ??????????????? ??????????????? ?????????????????????????????? '????????????????????????????????? ???????????????????????????' ?????? ???????????????????????????????????? ?????????????????? ?????????????????? ???????????????????????? ????????? ??? ???????????????????????? ?????????????????? ?????????????????? ???????????????????????? ??????????????? ?????????????????? ?????????. ?????? ?????????????????? ???????????? ?????????????????? ????????? ?????????????????? ???????????????????????? ????????? ??????????????? ?????????????????? ???????????? ???????????? ????????? ????????????????????? ???????????????. ?????? ?????????????????????????????? ???????????? ????????? ?????????????????? ?????????????????????????????? ?????????????????? ???????????? ???????????? ????????? ??????????????????????????? ?????? ????????????????????? ????????????. ???????????? ???????????? ?????????????????? ?????? ???????????? ??????????????????????????? ???????????? ???????????? ????????? ???????????? ????????? ??????????????????????????? ??????????????????????????? ????????????????????? ????????????????????? ?????????????????? ????????????????????? ?????????????????? ????????? ???????????? ??????????????????. ???????????? ?????? ????????????????????? ?????? ???????????? ?????????????????????????????? ???????????????????????? ????????? ?????????????????? ?????????????????? ??????????????????????????? ???????????? ???????????????????????? ??????????????? ????????? ???????????????????????? ???????????? ?????????????????????; ?????? ?????? ?????????????????? ???????????????????????? ????????????????????????????????????????????? ????????? ???????????????????????????????????? ????????????????????? ???????????????????????? ?????????????????? ?????? ?????? ????????????????????????????????? ???????????????????????? ???????????? ????????????????????? ????????????????????? ?????????????????? ????????????????????? ????????? ????????? ???????????????????????? ??????????????? ????????????.
?????? ?????????????????????????????????????????? ?????????????????? ?????????????????????????????? ?????????????????? ?????????????????? ?????????????????? ?????????????????? ??????????????? ????????????????????? ???????????? ????????? ??????????????????????????? ???????????????????????? ???????????? ?????????????????? ???????????????????????????????????? ??????????????????????????? ?????????????????? ????????????????????????????????? ???????????????????????? ??????????????? ?????? ?????????. ???????????? ????????????????????????????????? ??????????????????????????????????????? ??????????????? ????????? ????????????????????????????????? ?????? ??????????????? ????????????????????? ???????????? ???????????????????????? ?????????????????? ???????????? ?????????. ?????????????????? ????????????????????? ?????????????????????????????? ???????????? ?????????????????? ???????????? ????????????????????? ???????????? ????????????????????? ???????????? ???????????? ???????????????????????? ????????????????????????????????? ????????????????????? ?????????????????????????????? ????????????. ???????????? ????????? ?????????????????????????????? ?????????????????????????????? ????????????????????? ?????? ????????? ?????????. ?????????????????????????????? ????????????????????? ?????????????????? ?????????????????? ??????????????? ??????????????? ??????????????? ?????? ??????????????? '???????????? ???????????????' ????????? ????????? ??????????????? ???????????????. ????????????????????????????????? ?????? ???????????? ?????????????????? ?????????????????? ??????????????? ????????????. ?????? ?????? ?????? ???????????????????????? ???????????? ?????????????????? ?????????????????? ???????????????????????? ?????????.
- ???????????? ????????????????????????

3 of 3 users found this review helpful.
★★★★★
★★★★★
03 Nov 2011
Excellent information! Mahamandichya Umbarthyawar

I liked the book for the following reasons:
1. Simple explanations throughout the book
2. Truth is stated all throughout
3. Many questions that I had got resolved after reading this
4. Why there are so many problems in the economy is clear now
5. Even though I am MBA (Finance), still I had so many basic wrong ideas, which I realized only after reading this. I am going to give this book to all my professors also :-).

I was initially worried that the book is too small (100 pages). But after reading it, I did not feel it was small at all. It is packed with lot of original information. I read...
()

I liked the book for the following reasons:
1. Simple explanations throughout the book
2. Truth is stated all throughout
3. Many questions that I had got resolved after reading this
4. Why there are so many problems in the economy is clear now
5. Even though I am MBA (Finance), still I had so many basic wrong ideas, which I realized only after reading this. I am going to give this book to all my professors also :-).

I was initially worried that the book is too small (100 pages). But after reading it, I did not feel it was small at all. It is packed with lot of original information. I read...
I liked the book for the following reasons:
1. Simple explanations throughout the book
2. Truth is stated all throughout
3. Many questions that I had got resolved after reading this
4. Why there are so many problems in the economy is clear now
5. Even though I am MBA (Finance), still I had so many basic wrong ideas, which I realized only after reading this. I am going to give this book to all my professors also :-).

I was initially worried that the book is too small (100 pages). But after reading it, I did not feel it was small at all. It is packed with lot of original information. I read it in one go. Could not put it down.

I must also say that the book is scary! It tells you the reality which is there in very few other books. After reading this book, you would know what would happen in the next decade or so.

I read it yesterday and noticed that the predictions about Greece and Euro are turning to be very accurate.

If possible, this should also appear in english language for wider readers.

3 of 3 users found this review helpful.
★★★★★
★★★★★
29 Oct 2011
first to review
????????????????????????????????? ??????????????????????????????

???????????? ??????????????? ?????? ???????????? ?????????????????? ??????????????? ????????? ?????? ?????? ???????????? ??????????????? ????????????. ?????????????????? ????????????????????? ??? ???????????? ?????? ????????? ?????? ?????????????????? ???????????? ?????????. ?????????????????? ???????????? ????????? ??? ????????????????????? ??????????????? ??????????????? ??????????????????. ?????? ?????? ??????????????????????????? ????????? ??????????????? ??????????????? ???????????????. ?????????????????? ???????????? ??????????????????????????? ???????????? ???????????? ??????????????... ()

???????????? ??????????????? ?????? ???????????? ?????????????????? ??????????????? ????????? ?????? ?????? ???????????? ??????????????? ????????????. ?????????????????? ????????????????????? ??? ???????????? ?????? ????????? ?????? ?????????????????? ???????????? ?????????. ?????????????????? ???????????? ????????? ??? ????????????????????? ??????????????? ??????????????? ??????????????????. ?????? ?????? ??????????????????????????? ????????? ??????????????? ??????????????? ???????????????. ?????????????????? ???????????? ??????????????????????????? ???????????? ???????????? ??????????????...
???????????? ??????????????? ?????? ???????????? ?????????????????? ??????????????? ????????? ?????? ?????? ???????????? ??????????????? ????????????. ?????????????????? ????????????????????? ??? ???????????? ?????? ????????? ?????? ?????????????????? ???????????? ?????????. ?????????????????? ???????????? ????????? ??? ????????????????????? ??????????????? ??????????????? ??????????????????. ?????? ?????? ??????????????????????????? ????????? ??????????????? ??????????????? ???????????????. ?????????????????? ???????????? ??????????????????????????? ???????????? ???????????? ?????????????????? ???????????? ?????????????????? ?????????????????? ????????? ??????????????????????????? ?????? ???????????? ?????????????????? ????????? ?????? ??????????????????????????????????????????????????? ??????????????? ?????????????????? ?????????????????? ???????????? ?????????. ?????????????????? ????????????????????????????????? ?????? ????????????????????? ?????????????????? ??? ???????????????????????? ????????????????????? ???????????????????????? ?????????????????? ???????????? ?????????. ????????? ?????????????????? ????????? ?????????????????? ??? ?????? ?????????????????? ?????? ???????????? ?????????????????? ????????????????????? ?????? ???????????????; ???????????? ???????????????????????????????????? ????????? ????????????! ???????????????????????? ?????????????????? ???????????????????????? ?????? ?????????????????? ???????????? ????????????. ?????????????????? ?????? ??????????????????????????? ?????????????????????????????? ?????????????????? ???????????????????????????????????? ???????????? ????????? ?????? ????????? ?????????????????? ????????? ?????? ??????????????????.

3 of 3 users found this review helpful.
★★★★★
★★★★★
04 Feb 2012
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certified buyer
Financial crisis explained in layman's term but with broad coverage.Anyone from any field can read it and understand it easily.

Mahamandichya Umbarthyavar is an excellent book.It has cleared all my concepts of basic economics.Being an Engineering graduate, I could speak on technical stuffs confidently but after reading this book I could be more confident in participating the economical debates related to financial crisis.
Combination of examples and data to explain the terms like GDP,fiscal deficit etc. is very well elaborated.Every layman who talks or thinks about the financial crisis should read this book to understand it and to realize where he or she stands in this critical scenario.

Also, I have read Atul Kaha...
()

Mahamandichya Umbarthyavar is an excellent book.It has cleared all my concepts of basic economics.Being an Engineering graduate, I could speak on technical stuffs confidently but after reading this book I could be more confident in participating the economical debates related to financial crisis.
Combination of examples and data to explain the terms like GDP,fiscal deficit etc. is very well elaborated.Every layman who talks or thinks about the financial crisis should read this book to understand it and to realize where he or she stands in this critical scenario.

Also, I have read Atul Kaha...
Mahamandichya Umbarthyavar is an excellent book.It has cleared all my concepts of basic economics.Being an Engineering graduate, I could speak on technical stuffs confidently but after reading this book I could be more confident in participating the economical debates related to financial crisis.
Combination of examples and data to explain the terms like GDP,fiscal deficit etc. is very well elaborated.Every layman who talks or thinks about the financial crisis should read this book to understand it and to realize where he or she stands in this critical scenario.

Also, I have read Atul Kahate's "Kahani flu chi" book long back. This demonstrates the author's skill of writing is flexible and can cover any of the domain whether it's economics,IT or medical.

I am amazed with the study which Atul do to gather the information.I congratulate him for his achievements and hope for many more to come from him.

0 of 0 users found this review helpful.

Recent Top Reviews

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★★★★★
★★★★★
13 Mar 2013
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certified buyer
Perception is reallity

This book may sound like on the negative thought side, but depicts the reality and future of the western worlds economy. I would recomend to read arthat before reading this book. A complete crash down of American economy is briefed in very simple language. Battle greediness of Americans can reall... (View complete review)

★★★★★
★★★★★
02 May 2012
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certified buyer
Excellent Book!!!

The book is wonderful and must appreciate Atuls efforts for explaining such complex subject in simple manner.
Quite helpful to understand how world???s superpower???s economy is.
Also could have explained in detail about the measures Indian should take to reduce the impact.
(View complete review)

★★★★★
★★★★★
19 Mar 2012
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certified buyer
Excellent

Hi,

The book is based on real data and the prediction in the book is visible now and may get visible in coming time. The book is very much handy to grasp the economics concept easily. I like the book.
I have worked with Atul. He is very simple and so is his book language. Very easy to understand...
(View complete review)

★★★★★
★★★★★
04 Feb 2012
The 'certified buyer' badge indicates that this user has purchased this product on flipkart.com.
certified buyer
Financial crisis explained in layman's term but with broad coverage.Anyone from any field can read it and understand it easily.

Mahamandichya Umbarthyavar is an excellent book.It has cleared all my concepts of basic economics.Being an Engineering graduate, I could speak on technical stuffs confidently but after reading this book I could be more confident in participating the economical debates related to financial crisis.... (View complete review)

    Book: Mahamandiche Umbarthyavar (Marathi) by Atul Kahate
    ISBN Number: 9381636022, 9789381636022, 978-9381636022

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