Freelance Mag

The Law of Diminishing Marginal Utility (DMU) in Economics has deep philosophical implications and if applied wisely, has the potential to bring drastic and positive changes to your life. The original idea existed long before classical economics formalized as a body of knowledge, of course. The ancient Sanskrit phrase, अति सर्वत्र वर्जयेत्  ( Ati sarvatra varjayet or anything in excess is bad) is a very simplistic expression of this exact same truth.

First PMC Bank scam occurred few months ago due to bad lending to HDIL and now Yes Bank has also been hit. RBI has placed a withdrawal limit of INR 50,000 for each depositor, so naturally, they are lining up outside the Yes Bank. These incidents clearly show that all is not well with the Indian financial sector and all the checks and balances aren't working as well as they should be.