Monday, 30 November 2009
Dark side of liberalization?
Saturday, 28 November 2009
Shame on you IIM & CAT
Friday, 27 November 2009
Random thoughts on odd news items
Wednesday, 25 November 2009
Flying without wings
There is a joke that went around during the Emergency Period.
The then Prime Minister Indira Gandhi and her late son Sanjay Gandhi (who was the real power behind the throne) were flying over rural India afflicted by floods. They could see thousands of upturned faces of poor villagers.
"They would be very grateful to us if we were to throw 100 sacks of rice from this plane" , said Indira Gandhi.
"You are wrong. They would be more grateful if we were to shower them with Rs 100 notes. Money is more important to them than Rice", her son Sanjay Gandhi chirped.
To settle the issue, they turned to the pilot, who happened to be none other than Rajiv Gandhi, who calmly replied, "They will be eternally grateful if I were to throw both of you out from this Aircraft now"
Now why am I reminded of this story when read this in todays papers?
"History will be created in Pune on Wednesday morning as Pratibha Patil, 74, President of India, takes flight in a Sukhoi 30 MKI supersonic flight"
Wishful thinking!!!! What if, just if, she were to be thrown out at 7,5oofeet, at Mach 0.9, without the aid of a parachute!!!!
Tuesday, 24 November 2009
HMV
1972-76: Chief economic advisor, ministry of finance - ( A period which set India back by 20 years. Massive nationalization, followed by retaining his post during the notorious Emergency in 1975-76, when even private sector companies were harassed and taken over left, right and centre. This was the beginning of the notorious licence raj. So much for his reform credentials)
1976-80: Director, Reserve Bank of India; Director, Industrial Development Bank of India; Alternate governor for India, Board of governors, Asian Development Bank; Alternate governor for India, Board of governors, IBRD - (Changed his economic ideals on its head by opening up the sector for small and medim industries during Janata Party period and reverted back to Indira mode of license raj in 1980 within the blink of an eye. In short, he held important economic posts during the crucial 70s when our economy was taken to the cleaners)
April 1980 – September 15, 1982 : Member-secretary, Planning Commission
Monday, 23 November 2009
WTF News item of the day
Sunday, 22 November 2009
Free Speech
Saturday, 21 November 2009
Shame of FIFA
There is a clear distinction between NEETI and NYAAYM.
NEETI is Justice, and the various laws that goes with it in any organization.
NYAYAM has a wider meaning. It denotes ethics and morality. Or simply the RIGHT THING to do.
NEETI is to ensure NYAYAM. It is a means to achieve an end, and not by an end itself.
But many a time, we get to see people hiding behind Neeti, forgetting that enforcing the neeti may not ensure nyayam. This is blatantly wrong and unjust.
Take the case of the World Cup Qualifier between Republic of Ireland and France. What was at stake in the second leg in Paris was the chance to qualify for the World Cup in South Africa. Towards the end of the match, the French Captain Thiery Henry, blatantly handled the ball twice in the penaly box before passing it for a goal to be scored. The referee was unsighted, as was the linesman. The goal was allowed thereby allowing France to equalize and win on aggregate 2-1. Television footage clearly showed Henry handling the ball TWICE, first accidentaly but second time clearly with intent when he pushed a bouncing ball back to his feet before effecting the pass.
At the end of the game, there was an obvious furore. Republic of Ireland protested and even the whole of France conceded they didnt want to go to South Africa this way, being labelled cheats.
You would have expected FIFA to at least annul the goal, punish Henry on Video evidence, reverse the result from 1-1 in second leg to 1-0 for Ireland, thereby making it 1-1 aggregate. And they could have ordered a one match play off to decide who goes through. This would have ensured NYAYAM for all concerned. It was the right thing to do morally, ethically. But no way! FIFA hid behind a NEETI (law) that says Referee is the final judge on the field with matters pertaining to allowing goals and results, and rejected the request of the Irish for a play off.
What a shame for an organization that mouths platitude about Fair Play!!!
Friday, 20 November 2009
Off the cuff
Wednesday, 18 November 2009
True! it could be worse!! But it could as well be better!!!
Monday, 16 November 2009
Tight 2010
One of the strange things that happened during the Global Finance Crisis was that the Rural India did not feel the pinch of the crisis. In fact they were better off. The Farm Sector, which anyway did not have much surplus, was not affected by the demand drop. There is more work in the rural areas these days because of the partial success of National Rural Employment Guarantee Scheme, which assures 120 days of work, though the implentation is very very patchy. We have cases of reverse migration happening from cities to rural areas of late.
Indian economy has to be thankful to the resilent rural market for not being affected by the GFC. Figures show that fast moving consumer goods, such as shampoo and toothpaste, are growing faster in the villages than in the cities. Rural India’s purchases of chyawanprash, an ayurvedic paste that eases digestion and bolsters the immune system, outpaced urban India’s by over 6% in the second quarter. And Maruti Suzuki, India’s biggest carmaker, more than doubled its sales in rural areas in the year ending March 2009.
But this could change this year. The poor monsoon followed by floods has really dampened the mood in the rural areas. Agricultural production is expected to shrink between 6-8% in the year 2009-2010, thereby affecting the rural purchasing power.
The drought and flood is expected to raise the food prices, adding to inflation, which is very high already at the retail level. India is already the only big economy where consumer prices are rising faster now than they were before the crisis. The price of pulses rose by 20% in the year to August 28th; the price of sugar by 35%. Reserve Bank has already given indications that interest rates are on the way up, which will further slow down GDP growth. With Bank Rates expected to touch 9%, you will see more and more people prefering Fixed Deposits thereby sucking liquidity out of the system. Credit will also be very expensive, further dampening urban spending. It is expected that interest rates will raise by almost 2.5% to 3% during the next one year. Spending on drought relief will also add to the government’s already uncontrollable fiscal deficit, which will exceed 10% of GDP this fiscal year, if the budget gaps of the state governments are included.
All in all, we can expect a very tight 2010.
Thursday, 12 November 2009
Degrees not worth the value of the paper it is printed on
It's not that there aren't enough suitable jobs for good-quality engineers and MBAs. There are countless stories of how leading Indian companies are visiting engineering and MBA colleges in interior parts of the country to add to their basket of employable graduates but are returning empty-handed.
The main problem is that of employability. Studies have indicated that only one in four graduates from India's colleges is employable.
Companies say this mismatch between qualification and quality of job is inevitable in a country where everybody and his uncle is either an engineer or an MBA. The quality of teaching in most of the second-rung institutes is poor.
Indian Institute of Technology alumni have repeatedly expressed serious concern over the mushrooming of engineering colleges that are being run as "business ventures" by contractors, builders, coal dealers, brick-kiln owners and sweetmeat sellers. Two years ago, an assessment of the country's higher education system by the University Grants Commission (UGC) found that as many as 25 per cent faculty positions in universities remained vacant; 57 per cent teachers in colleges did not have either an M Phil or PhD; and there was only one computer for 229 students, on an average, in colleges. The assessment was conducted on 123 universities and 2,956 colleges across India - an estimated 60 per cent of these institutions were private, the rest government-run.
Now, look at a couple of rungs further down in the job market pyramid. India's vocational training institutes produce six million students every
Even more worrying is the fact that only 2 per cent of the workforce has skills training and 80 per cent of the rural and urban workforce does not possess any "identifiable" market skills.
What is also worrying are the findings of the India Labour Report prepared by TeamLease - it has found that over half of employed youth suffered some degree of skill deprivation, while only 8 per cent were unemployed. In all, 57 per cent of India's youth suffered from some degree of "unemployability".
Does losing 80% of the seats constitute a great revival scripted by Rahul Gandhi in UP?
Sporadic Blogging
Shall, however, try and post interesting titbits during the course of the next one week.
More serious analytical stuff has to wait till 20th
Getting parole (away) with murder!
A superbrat son of a rich Congress politician, Manu Sharma, shot dead a model, Jessica Lal, in a night club in Delhi in 1999. And worse, he tried to cover up the murder by burning the corpse in a tandoor. This case shocked the nation. Despite the powerful father, an ex-union minister, doing his best to tamper with the witness and evidence, his son was finally convicted of homicide and sentenced to life imprisonment.
You would have thought, justice has been done. No way!!. You have not reckoned without his powerful family and a very pliant Congress Government in Delhi and in the Centre. The family has a legacy of being dealers and fixers in politics. As this shows. They pulled their strings to get him parole for doing the final rituals of his departed grandmother, look after his ageing mother (it is another fact that she is chic, hale and healthy campaigning for Congress in Haryana and conducting a press conference on the eve of a womens cricket match in Chandigarh) and to look after his business interests (why we should give parole to a rich brat of a murderer who killed in cold blood to look after his business interests baffles me).
Parole was approved against the recommendation of the Delhi Police, as you can see here. This same Delhi Government that is dragging its feet for 4 years now to give a recommendation on the clemency petition of Afzal Guru, moved with lightning speed and Manu Sharma was given a parole for one whole month, which was later extended by one more month. For 2 months, a hard core murderer was out on the streets with no police supervision. Forget 2 months, even one week parole is not give to life convicts even to atted family weddings. The reason why they are give life improsemet is that they should suffer the loss of basic things like attending weddings and business meetings or being with near and dear, which they have denied to their victim by killing them.
Now, the parole rules clearly states that Manu Sharma has to be confined to his house in Chandigarh. What does he do? He drives down to Delhi, and at 2 am walks into a bar, picks up a fight with another drinker, who unfortunately was a senior police officers son. This became a big scandal, and Manu Sharma was advised by his coterie to return to Jail on his own to avoid punishment.
The question here is, will a common man, in similar circumstances get these same privileges? No way. So , are we in a banana republic where we have one set of law for the rich and another for the poor. It appears so. Shame on us.
Tuesday, 10 November 2009
My beloved State!
Monday, 9 November 2009
Slap that resonates
Sunday, 8 November 2009
And these guys rule us.Sigh!!!!!!!!!!!!
Saturday, 7 November 2009
Sacrificial Goat
Thursday, 5 November 2009
Of the people,.................. - Oh! forget about it
Now we are engaged in a great civil war, testing whether that nation, or any nation so conceived and so dedicated, can long endure. We are met on a great battle-field of that war. We have come to dedicate a portion of that field, as a final resting place for those who here gave their lives that that nation might live. It is altogether fitting and proper that we should do this.
But, in a larger sense, we can not dedicate -- we can not consecrate -- we can not hallow -- this ground. The brave men, living and dead, who struggled here, have consecrated it, far above our poor power to add or detract. The world will little note, nor long remember what we say here, but it can never forget what they did here. It is for us the living, rather, to be dedicated here to the unfinished work which they who fought here have thus far so nobly advanced. It is rather for us to be here dedicated to the great task remaining before us -- that from these honored dead we take increased devotion to that cause for which they gave the last full measure of devotion -- that we here highly resolve that these dead shall not have died in vain -- that this nation, under God, shall have a new birth of freedom -- and that government of the people, by the people, for the people, shall not perish from the earth."
Our leaders should be reminded that they are running a Government of the people, by the people and for the people. Unfortunately, of late the whole purpose of democracy seem to be of the politicians, by the politicians and for the politicians. If it were not, this would not have happened,
The family of a kidney patient on Tuesday alleged that he died as their vehicle failed to reach the emergency section of PGIMER hospital here due to tight security measures for the visit of Prime Minister Manmohan Singh. The family of deceased claimed that security personnel, including those from Chandigarh Police, deployed at the medical institute, did not allow their vehicle to reach the emergency and kept diverting them from one place to another for about two hours. "When we came near the PGI, he (Verma) was alive, but his condition deteriorated as we were made to run about for two hours on the plea that the movement of other vehicles had been stopped in view of the movement of the Prime Minister's convoy. The patient was 40-years-old.
Wednesday, 4 November 2009
Farm Sector in a crisis
We are in for tough times. The impact of the failed South West Monsoon is more severe than was expected. The country is headed for a grave shortfall on Foodgrains and other food products.
The revised estimates are as follows, Rice expected production now is 69.45 MT, target set was 86.00 MT, Pulses projection now is 4.42 MT, target set was: 6.50 MT, Sugarcane projection now is 2,494 MT against a target of 3,400 MT.
Coming on top of less than targetted foodgrain production in 2008-2009 year, the situation appears to be bordering on a calamity. Inflation is expected to hit the roof and poor agricultural production will lead to poor rural consumption, affecting the manufacturing sector adversely.
There are many reasons for this. All of which cannot be attributed to the failure of monsoon. The Agriculture ministry has been spectacularly mismanaged by Sharad Pawar over the past 6 years. No effort has been made to increase food grain production, or improving storage or marketing. India has not built up on the benefits of the 1968 green revolution, with our agricultural sector languishing in a time warp. Besides, arable land under cultivation has dwindled due to pressure on housing and traditional farmers are moving towards extinction or facing penury.
The sector cries for a dynamic minister who will be a harbinger of change. But is anyone listening?
Tuesday, 3 November 2009
Assorted
Monday, 2 November 2009
Crooked ingenuity at its best (worst)!!
Sunday, 1 November 2009
Last resort
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