THE ONLOOKER

Wisconsin-Milwaukee Panthers or the Wofford Terriers

2012-01-22T15:24:00.001+05:30

If you are looking to buy sporting events tickets online, then you should visit ticket america, they sell all types of tickets, tickets for all types of events and for all cities. So, buy tickets for wisconsin badgers tickets, wisconsin-milwaukee panthers tickets or wofford terriers tickets from home.

Ticket America

2011-12-27T15:39:00.002+05:30

If you are looking for tickets for alison krauss concert tickets or luis miguel tickets or brian regan comedy tickets then you do not need to go out of your home, you can get all tickets for all events in city delivered to your door step if you buy the tickets from ticketamerica.com. so visit the site today, buy ticekts for reasonable price.

Porn X change

2011-12-19T20:57:00.000+05:30

Watching videos are favorite pass time with many. Some watches movies; some watches any thing that comes forth. If you are one to take interest in watching porn videos but get frustrated as you don't find one that matches your taste! Here is good news for you. There is a video review site dedicated to porn sites; porn xchage. Visit site porn xchage.. Just visit this site and find the information about anything related to porn videos. Find the reviews of best porn sites, best porn stars and get the free porn newsletter by subscribing to them. You can find the best porn sites that offer free videos and get access to most popular adult sites. You can find out the information of best porn stars and the most famous amongst them, like Tori Black, Alexis Texas and many more. The site offers latest porn and status updates. Have you heard of bang bros or bang bros reviews? It's a site that offers the links of a network of best porn sites. At present the count is 38; with bang bros the quality and quantity counts. You get the latest of hottest stars and you have always the chance to find the tomorrows bests. The debut performing stars are of much demand and you can find them through this site. They regularly update their site; once a day at least. Sometime three to four times a day! This network has 5000 videos of about 25 to 30 minutes each. The full HD resolution is available in 1920X1080; just imagine how lively they are! You can download them in various formats. The subscription is low and you may find the details in the site. You get the stuffs of good tastes to old with all variety. The gallery offers thousands of pictures to view. So; don't waste time just click in.

Cheap custom essays writing company

2011-12-03T21:14:00.000+05:30

Are you looking for essay writing service? It is not as easy as it seems. It is very serious when it is associated with your studies and you need someone who can handle any possible topic, only bunch of professional writers can help you with this. So where should you go that you get the best cheap essay writing company for reasonable price and you can count on them with absolutely any topic under the sun. They can write any type of academic papers per your needs such as essays, research papers, term papers, course works, book review, movie report and dissertations. So all your writing needs you can head towards cheap essay writing company, they are in the service since 2003 and they are serving everyone with their needs fulfilled. Cheapest custom essays are needs for all students, in their busy life, to get good grades you need to get them written by experts, and these guys are bunch of professional writers and they have vast knowledge on across all domains. So you can bank on them with your writing needs. Try out the cheap custom essays service and see today and I bet you will never go anywhere else.

Food Price at its summit!!

2011-11-23T18:42:00.003+05:30

 
The surging food prices is a great matter of concern with most of us. I remember  US President Barack Obama once commented that prosperity in Indian and Chinese economy caused food price inflation in US market; as they are consuming more and more.  Lots of hue and cry were raised to oppose that and justifiably he was criticized for such comment. Indian and China can boast of hosting world's greatest chunk of population but their per capita cereal or food consumption is no match with that of per capita US consumption. Leave  apart per capita cereal consumption per year; if we see per capita cereal availability to Indians till 2008-09 was only 165kg and this remained more or less same since 2001. During the same period per capita cereal availability in China was 290kg per year and in US it was more that 1000kg! Source suggests it has further plummeted in India as of now. So, for the surge of food price increase in consumption level is no reason.

Our Prime Minister Dr. Manmohon Singh recently commented that overall prosperity amongst Indians resulted in food inflation. That means his his country men have started eating more! A point to be pondered; our respected Primed Minister, a renowned economist only relates the old economic theory of 'demand and supply' fluctuation for this sustained surge of food prices! It's a vague argument. The prosperity is enjoyed; if at all, only by 10-15% of our population, rest remains where they were or still further behind. Just imagine few men with more cash in hand are rushing to 'sabzi' bazaar and filling their bags with green vegetables! So, the price of bringal, potato, onion or spinach  have sky rocketed! Not the green vegetables anything comes in the parlance of food or edible has become dear and becoming dearer with every passing day.

Experts and economics are finding out everyday new root of the causes without offering any measure to set the things right. With normal agriculture productions, sufficient buffer stocks in the hands of government; what turns out to be wrong for such surge! Some suggests that hoarding and involvement of middlemen from farm gates to retail markets via whole sale markets; is stretching the price. This is evident from the difference of price at farm gates and in retail markets. They suggest overseas retailers like Wall Marts should be permitted in India to operates as they  buy from farmers straight and sell their produces through their own  retail shops. But if that's true, Reliance  and Metro Cash and Carry; both big players in food and grocery markets in some states fail to check the price at any level.

In fact there may be multiple reasons for sustained price rise  for past one year or more. The falling rupee price turned the imports of crude and any other agricultural or industrial inputs dearer. Fiscal deficits, cut in subsidies and Reserve Bank's futile gaping in dark seeking solution to check overall inflation by increasing interest rate in rapid succession have failed to deliver desired result. However, our political bosses and their machinery are over looking the role of speculative commodity market in its future trading. Most of the food items , pulses, edible oils, cereals are traded in this market and legally one can take huge position as there is no restriction. Here one can make huge profits, literally forcing the consumers starving for food items! Say if you keep on making position on any grain or pulses, considering that in future the price will further rise. There ought to be a shortage of supply in the market of the those grains or pulses. Simply with the increasing gap between' demand & supply' the price will rise, at least till the next season. Since the surge of food price is a global phenomena now and so the crude, importing of these items do not help either. Government to impose restriction for such speculative position in the future markets. Hoarding should be discouraged by framing law with severe penal actions to discourage the traders.

I am not an economist; just an onlookers, taking the things of current situations I only can tell you what I find on the surface. But there are things deep within.  He who knows should come out.

RTI finds fishing in Mineral Water !!

2011-10-08T21:02:00.002+05:30

Right to information or RTI act dug out many misdeeds in several government organizations. The latest is siphoning off money placing purchase orders for Bisleri Mineral water at inflated rates by different Govt. Deptt. at the same time. The RTI revealed this in details.
In the under noted letter I received you may find the names of officials involved in the deals. Of course we have to wait and see; after inquiry who are fixed ! See that amazing amount of exchequer's money is drained out thus!

1. " Different Ministries/Departments procure Mineral water (packaged drinking water) to fulfill requirement of drinking water for its employees, preferably senior level officers. But the sad part of this is that, while M/o Agriculture (Department of Agriculture & Cooperation) is purchasing 20 Ltrs. Jar of Bisleri Mineral water @ Rs.50/- per jar, the same is being purchased by M/o Urban Development @ Rs.78/- per jar. M/o UD purchases nearly 1200 jars per month and has been purchasing the same @ 78/- per jar since September,2008 [Ref: M/o Agriculture (Deptt. of Agriculture & Cooperation) letter No. F.N.21-4/2011-G.A.I, dated-8.3.2011 (available on the website ‘http://www.agricoop.nic.in’ under the heading ‘details of AMC/CMCS’) and M/o UD letter No. F.No.I-16011/03/2010-Admn.III, dated-20.9.2011]. This is nothing else but loss/loot of taxpayer’s money. Slight variation in purchase prices may be agreed to. But purchases by M/o UD at such a high price itself tells that there has been either sheer negligence on the part of concerned officials of M/o UD or there is some nexus in between the supplier and officials of M/o UD dealing with purchases. The attitude of Shri Jitender Kumar, US(Admn.) and Shri V. K. Sharma, [ Director (Admn.) (at present JS Admn.)], who deal with purchases hints toward the latter as explained below :-

1(a) like M/o Agriculture (Department of Agriculture & Cooperation), M/o UD has not displayed letter awarding contract for supply of mineral water on its website i.e. it do not want to make it public.

1(b) in today’s computerized world where almost everyone in M/o UD is having internet facility, it is hard to believe that concerned officials of M/o UD were not aware of the fact that M/o Agriculture (Department of Agriculture & Cooperation) is purchasing the same @ Rs.50/- per jar i.e. the information which is available on the internet.

1(c) on 3.5.2011, Shri Kishan Chand, S.O. working in the Directorate of Estates (an attached office of M/o UD) intimated M/o UD that it is purchasing mineral water at inflated price. It appears that either the matter was not taken up seriously or the complaint was hushed up.

1(d) later on M/o Agriculture (Department of Agriculture & Cooperation) letter No. F.N.21-4/2011-G.A.I, dated-8.3.2011 was also brought to the notice of M/o UD by Shri Kishan Chand, S.O. vide his email dated-12.7.2011. Still M/o UD is purchasing it @78/- per jar. And Shri Kishan Chand, who raised voice against this, has been transferred from Directorate of Estates to M/o Urban Development vide M/o UD Order No.A-22013/3/2011-Admn.I, dated-11.8.2011 i.e. Shri Kishan Chand was brought under direct administrative control of M/o UD. Prima facie it appears that rather than investigating the matter/rather than making serious efforts to procure mineral water at a lower price, M/o UD preferred to harass Shri Kishan Chand for raising voice against this. Shri Kishan Chand was in the Directorate of Estates only since August,2011. There are a number of Section Officers who are in the Directorate of Estates and other attached office(s) of M/o UD for the last several years. They have not been touched. Only Shri Kishan Chand has been transferred. This is nothing else but pick and choose policy of M/o UD for the reasons best known to them.

1(e) through a R.T.I. Application M/o UD was requested to provide information regarding items purchased during the last one year, rate at which the said items were purchased, quantities purchased and name of the shop/agency from which purchases were made. It was made clear that in case it is not feasible to work out total quantities of a particular item, then the quantity of last purchase may be intimated. Similarly, it was also made clear that in case purchase price of any item varied from time to time, then the rate at which it was purchased last may be intimated. The reply was furnished by Shri Jitender Kumar, US(Admn.) & CPIO vide letter No.I-11011/16/2011-Admn.III, dated-30.6.2011. With respect to items purchased, it was replied that the items that have been purchased by Admn.III section during the last one year broadly includes the Stationery items, office equipments like Photocopiers, Fax Machines, Computer items, Cartridges, Furniture etc. and items which are required in daily office use by the indenting Sections/Divisions/Officers, the detail of which are maintained in Stock Register by Admn.III Section. Compilation of all individual items would take a considerable time and preparation thereof is likely to divert the resources of public authority under Section 7(9) of the RTI Act. However, items so purchased can be ascertained by going through the Stock Register maintained in Admn.III section and relevant copies may be obtained on payment of prescribed fees. With respect to rate, quantity and name of shop/agency, it was replied by that the quantity purchased alongwith its rates can be ascertained by going through the stock register maintained in Admn.III section and relevant copies may be obtained on payment of prescribed fee. In nutshell, the information sought was very tactfully denied. CPIO intentionally put hurdles for providing information. RTI Act gives one the right to inspect the records, but it does not mean that to obtain information, the RTI Applicant shall personally visit the concerned office to get the desired information. I apprehend that M/o UD very tactfully not provided me the desired information for fear of being exposed further for purchases at inflated costs. I apprehend that similar situation (like purchase of mineral water at inflated cost) might be there in case of purchase of other items and award of AMC etc. The expenses incurred by M/o UD (including expenditure on repairs) during the last three years are as under :-

Financial Year 2008-2009 : Rs. 3.02 Crores

Financial Year 2009-2010 : Rs. 3.33 Crores

Financial Year 2010-2011 : Rs. 3.62 Crores

1(f) I also filed first appeal but it went in vain. Shri V. K. Sharma, JS(Admn.) & First Appellate Authority took side of CPIO.

1(g) Section 7(9) of the RTI Act stipulates “an information shall ordinarily be provided in the form in which it is sought unless it would disproportionately divert the resources of the public authority or would be detrimental to the safety or preservation of the record in question”. I just asked for the names of items purchased, rate at which purchased, quantities of items purchased and the shop/agency from which purchased. I also made clear that in case it is not feasible to work out total quantities of a particular item, then the quantity of last purchase may be intimated. I also made clear that in case purchase price of any item varied from time to time, then the rate at which it was purchased last may be intimated. Further, I never asked for these information in any particular format/table. Still the information was not provided to me. Thus it can be observed that concerned officers of M/o UD intentionally not provided the information in a planned way. I apprehend that they have done this for fear of being exposed because the amount involved is in crores of rupees as stated in para 1(e) above. There are hundreds of items which are being purchased by M/o UD. Even if it is presumed that providing list of all items, its rate, its source of purchase and quantity purchased would have disproportionately diverted the resources of public authority; then M/o UD should have provided the details to the extent to which it was not diverting the resources of concerned public authority. But the information sought for by me was flatly denied to me.

1(h) section 8(1)(j) of the RTI Act,2005 states that the information which cannot be denied to the Parliament or a State Legislature shall not be denied to any person. But RTI Applicants in M/o UD are treated like beggars. Going by the facts given in para 1(e), it implies that if Parliament/State Legislature or Hon’ble Member of Parliament/State Legislature will ask for this information, Shri Jitender Kumar, US(Admn.) & CPIO will ask them to go through the stock register maintained in Admn.III Section and Shri V. K. Sharma, JS(Admn.) & First Appellate Authority will endorse the stand taken by CPIO.

1(i) there are 4 sections under Shri Jitender Kumar, US(Admn.) and one of them is Admn.III Section which deals with purchases, award of AMC etc.. Whenever any post of S.O. under US(Admn) (except Admn.III) fell vacant, it was filled up immediately. Post of S.O.(Admn.III) is vacant since 18.09.2010 but no regular S.O. has so far been posted there. Needless to say that the post of SO(Admn.III) is a sensitive post as per M/o UD O.M. No.A-22012/3/2001-Admn.I, dated-24.8.2001. The motive behind keeping the post of S.O.(Admn.III) vacant, as long as possible, appears to be (i) associate lesser number of officials in the matter of purchases, award of AMC etc. or (ii) if any consideration is being received from supplier for making purchases/award of AMC etc., the same is distributed amongst lower number of officials. It is pertinent to mention here that there are a number of Sections/Units/Cells in M/o UD where S.Os taken on loan from attached office(s) of M/o UD [i.e. these S.Os are working in M/o UD but are getting salary from an attached office of M/o UD] have been posted. But this has not been done in case of Admn.III Section.

1(j) generally in other Ministries/Departments (even in attached offices of M/o UD which is located in the same building itself) mineral water is provided to select senior level officers and his personal staff. But in M/o UD, mineral water is provided to all employees irrespective of rank. I do not know, whether it is generosity of M/o UD or the reason for procuring as much packaged water as possible.

2. Vigilance Unit of any Ministry/Department is considered to be the most sensitive Section/Unit. I understand that majority of the cases in Vigilance Unit of M/o UD relate to officials of CPWD. I also understand that a retired superintendent of CPWD (an attached office of M/o UD) has been appointed as consultant and has been posted in Vigilance Unit of M/o UD to fill the gap of Under Secretary level officer. It is said that this consultant is well known among CPWD officials (because of having worked as Superintendent) and is committing irregularities on a large scale in connivance with one of the US posted in Vigilance Unit. This may or may not be true. But I am surprised at the wisdom of concerned officials in M/o UD who took decision to post a consultant (who has almost no accountability, who can hardly be held responsible for any irregularities) in Vigilance Unit (where entry of even officials of other branches of M/o UD is generally remains restricted). In case there was/is shortage of officials, then officials of equivalent rank from attached office(s) of M/o UD could have been posted in Vigilance Unit on loan basis, as has been done in several other Sections/Units/Cells of M/o UD. But, rather than doing this, the competent authority in M/o UD decided to post a consultant in Vigilance Unit. My humble submission is to review posting of a consultant in Vigilance Unit. If it is intended to conduct an inquiry, it may be looked into as to if cases have been processed in the order in which they were received in the Vigilance Unit. It may be looked into as to if all the cases have been examined/dealt with with even pain/labour. etc. etc. Further, period of scrutiny may be restricted from the date of his appointment as consultant to September end. Scrutiny of period after receipt of my mail (1^st Lot onwards) may not give correct findings.

3. The earlier existing departmental canteen (which was a welfare activity for govt. employees) was closed and after renovating the same (including installation of ACs, new Furniture etc.) M/o UD has given it on lease to M/s Bikanervala Foods Pvt. Ltd. on a token rent of Rs.1/- only with free water and some part of electricity. After taking the canteen on lease, M/s Bikanervala has further given it to a franchise for running the same. I understand that the said Firm pay electricity bill for electrical kitchen appliances, freezers and exhausts only. Electricity bill for AC and Lights fitted in the area where visitors take eatable items are being paid by M/o UD. This do not appear to be in order. With this facility, the market rental value for this canteen is likely to be in lakhs. The area of the canteen is approximately 1500 sq.feet. There is hardly any item in the private canteen which is cheaper than the rate prevailing in the market. It is therefore requested that matter may please be reviewed for either (i) increasing rent, or (ii) making available eatable at a cheaper rate, or (iii) paying of all the electricity bill of canteen by the lesee. Certainly this is not a canteen which is being run on no profit no loss basis for the welfare of employees.

4. M/o UD vide Office Memorandum No. A-22020/1/2008-Admn.IV, dated-23.3.2009 issued a rotational transfer policy in respect of CSS (upto the level of US) and CSCS officials of the cadre of M/o UD posted in the secretariat of the two Ministries (M/o UD & M/o HUPA) and their attached offices with the approval of the then Secretary (UD). The salient features of O.M. dated-23.3.2009 are :-

4(i) The provisions of this O.M. shall be complied with on regular basis.

4(ii) An officer/official working in the main Ministry (Ministry of Urban Development and Ministry of Housing and Poverty Alleviation) and their attached offices, who had completed a period of six (6) years or more (combined period in all grades/posts whether continuous or intermittent) in a Department shall be transferred to another Department by the competent authority.

4(iii) The tenure of officials in a particular Section/Desk in a Department shall not exceed three (3) years (combined period in all grades/posts whether continuous or intermittent). An officer/official on completion of three years of period in a Section/Desk, shall be transferred to another Section/Desk by the respective competent authority.

4(iv) Posting of officers/officials under the category of ‘Sensitive’ postings shall be decided as per the instructions that have so far been issued and as per amendments as may be carried out from time to time by the competent authority in the Administrative Vigilance Unit of this Ministry.

4(v) Secretary (UD) shall be the competent authority to relax the provisions of aforesaid rotational transfer policy.

4(vi) Orders effecting rotational transfers in compliance with O.M. dated-23.3.2009 shall be issued within a period of three months on completion of the prescribed periods of tenure.

5. Shri R. K. Sinha, Assistant, Admn.-IV Section, M/o UD on account of being in Ministry since 11.04.1996 was transferred and posted to CPWD on his promotion as Section Officer vide M/o UD Order No. A-22013/3/2010-Admn.-I, dated-28.7.2010. A little after 2 months, he was transferred back to M/o UD (Admn.-I Section) vide Order No. A-32014/5/2009-Admn.-I, dated-06.10.2010. His transfer from CPWD to M/o UD was in violation of para 4(ii) and so his transfer from CPWD to M/o UD should have been approved by Secretary (UD). But his transfer was approved by Shri A. K. Mehta, the then JS(UD) i.e. the transfer that required approval of Secretary (UD) was approved by JS(UD). File was not sent to Secretary (UD). Thus the concerned officials dealing posting/transfer made a mockery of the provisions contained in M/o UD O.M. dated-23.3.2009, kept Secretary (UD) in dark. As per channel of submission, Shri Jitender Kumar, US(Admn.) and Shri V. K. Sharma, the then Director (Admn.) (presently JS(Admn.) were in the channel. Now, Shri R. K. Sinha, S.O. is virtually in Ministry since 11.4.1996, except for few months, but whenever exercise for rotational transfer will be done, his name is not likely to considered because presently he in Ministry only since 15.12.2010. There may be several other cases like that of Shri R. K. Sinha. M/o UD has refused to provide posting details of officials working in different Sections/Units/Cell of M/o UD as explained in para 9 below.

6. Shri R. K. Sharma, Section Officer, CPWD (who is due to retire in December,2011) was all of a sudden transferred from CPWD to Directorate of Printing vide M/o UD Order No.A-32014/5/2009-Admn.I, dated-6.10.2010. Later on the same was cancelled by M/o UD vide Order No.A-32014/5/2009-Admn.I, dated-6.10.2010, probably after receipt of a reference from CPWD to this effect. I understand that these orders were also approved by Shri A. K. Mehta, the then JS(UD).

7. Shri Kishan Chand, Section Officer (who raised voice against purchases by M/o UD at inflated costs and pick and chose policy in the matter of posting/transfer) was transferred from Directorate of Estate to M/o UD vide Order No.A-22013/3/2011-Admn.I, dated-11.8.2011. He was in the Directorate of Estate only since 18.8.2011. Section Officers who are in the Directorate of Estates and other attached offices for several years have been spared, and the officer who is in DOE only since August,2010 has been transferred.

8. From the facts given in para 4,5,6 and 7 above, it can be observed that in M/o UD, posting/transfer is done on pick and choose policy and is given the name of exigencies of work. Exigency of work is a very vague word unless it is explained. Officials whom they want to favour, they go to any extent. For such blue eyed officials, even a formal representation is not required. On the other, officials who do not have access to them, seldom get justice. Sometime(s) their written request for even mutual transfer is not considered/processed.

9. The case explained in para 1(e) above is not the single example of misuse of provisions of Section 7(9) of the RTI Act. Shri Jitender Kumar, US(Admn.)&CPIO and Shri V. K. Sharma, erstwhile JS(Admn.)&First Appellate Authority are in the habit of misusing the provisions of Section 7(9) of the RTI Act. Here are some more examples:-

9(a) Through an RTI Application I wanted to know names and designation of officials working in sensitive units, date since working in sensitive units, their posting immediately before being posted in sensitive section and the date since born on the cadre of M/o UD.

9(b) Through another RTI Application, I wanted to know name and designation of officials working in “UD-I, UD-II, Library, Coordination Section, Parliament Section, Finance Division, Vigilance Unit, P.I.Cell”, date since working, their posting immediately before being posted in respective sections and the date since born on the cadre of M/o UD.

9(c) Through another RTI Application I wanted to know names and designation of officials working in “Delhi Division, Works Division, C.R. Section, P.G. Cell, NURM-I, NURM-II, NURM-III”, date since working, their posting immediately before being posted in respective sections and the date since born on the cadre of M/o UD.

9(d) Through another RTI Application I wanted to know names and designation of officials working in “O/o Secretary (UD)/AS(UD)/JS(UD)/JS(DL)/JS(Mission)/JS&FA/Economic Advisor”, date since working, their posting immediately before being posted in respective units and the date since born on the cadre of M/o UD.

9(e) Through another RTI Application I wanted to know names and designation of officials working in “O/o UDM/MOS/Director(UD), MRTS Cell/UT Division, UCD/LSG, Technical Cell(JNNURM), CHPEEO, PHE”, date since working, their posting immediately before being posted in the respective units and the date since born on the cadre of M/o UD.

9(f) Through another RTI Application I wanted to know names and designation of officials working in “O/o Director(WS)/ Director(W)/ Director(UD)/ DS(NURM), O/o DS(Finance), DS(Budget-I), DS(Budget-II), O/o Director (Admn.)”, date since working, their posting immediately before being posted in the respective units and the date since born on the cadre of M/o UD.

9(g) Through another RTI Application I wanted to know names and designation of officials working in “Hindi Section, PMU, O/o Director (NURM-III), PSP Division, O/o DS(UT), DS(UCU/PSP), OSD(UD), NERUDP Cell, US(Admn.) and US(NURM-I)”, date since working, their posting immediately before being posted in the respective units and the date since born on the cadre of M/o UD.

9(h) Through another RTI Application I wanted to know names and designation of officials working in “O/o US(EW-I)/ US(W-I)/ US(W-II), US(W-III), US(PS)/ DO(EW-II)/ US(DD-IA)/ US(DD-IB)/US(DD-IIA)/ US(DD-IIB)/ US(DD-VI)/ US(DD-VA)”, date since working, their posting immediately before being posted in the respective units and the date since born on the cadre of M/o UD.

9/9 None of the information sought for by me as stated in para 9(a) to 9(h) above was provided to me. It was replied by Shri Jitender Kumar, US(Admn.) & CPIO that the desired information is not readily available in consolidated form and preparation thereof is likely to divert the resources of public authority disproportionately under Section 7(9) of the RTI Act. However, copies of Office Orders pertaining to transfer/posting made in the last 2-3 years, as available with the undersigned, which contain 404 pages may be obtained on deposit of Rs.808/- as the cost of information. It implies that whenever Shri Jitender Kumar, US(Admn.) is required to (i) implement O.M. No. A-22012/3/2001-Admn.I, dated-24.8.2001 relating to rotation of officials working in sensitive posts, (ii) implement O.M.No. A-22020/1/2008-Admn.IV, dated-23.3.2009 relating to rotation of officials as stated in para 4 above, (iii) find out vacancies in any particular Section/Unit etc., (iv) make a proposal for posting/transfer, (v) find out the posting of a particular official etc. etc, then he goes through the orders issues in the past 2-3 years or sometimes even more because there may be official(s) working in the same Section/Unit for more than 2-3 years. If this is so, then concerned officials of M/o UD shall be ashamed of its record keeping. I apprehend, rather I strongly feel, that information has intentionally not been provided to me tactfully so that M/o UD is not further exposed for its pick and choose policy in the matter of posting/transfer. It may also be noted that Shri Jitender Kumar, US(Admn.) & CPIO has used the word “as available with the undersigned” i.e. even if one pay Rs.808/- and compiles the record he/she may not be able to get the desired information because of some missing orders, because of officials working for more than 2-3 years in a Section/Unit etc. I filed an appeal but it again went in vain. Shri V.K. Sharma, erstwhile JS(Admn.) and First Appellate Authority took side of Shri Jitender Kumar, US(ADmn.) & CPIO. [All the above RTI Applications quoted at 9(a) to 9(h) have been dealt with in M/o UD File No.A-22020/4/2011-Admn.IV].

10. It is pertinent to mention here that Section 4(2) of the RTI Act stipulates that it shall be a constant endeavour of every public authority to take steps to provide as much information suo-motu to the public at regular intervals through various means of communications, including internet, so that the public have minimum resort to the use of this Act to obtain information. But in M/o UD, leave aside suo-motu disclosure of information, the information is not provided even if the same is asked under RTI Act, as explained above. Different Ministries/Departments suo-motu provide a lot more information as compared to M/o UD. I understand that M/o UD in a number of cases either do not give wide publicity to NIT (Notice Inviting Tender) or do not display the same on internet a number of items. Even in cases where NIT is published, the final outcome i.e. the firm/agency etc. to whom the contract is finally awarded is not put on website of M/o UD. Not only the RTI Act, but the principle of natural justice also demands that the same shall be put on the website. All the bidders, who could not succeed, have a legitimate right to know as to whom the contract has been awarded, where they lagged behind. It may also be noted that C.P.W.D. (which is an attached office of M/o UD), put all the orders of posting/transfer of its employee on the internet. Not only this, basic particulars of each and every employee including their present posting is also available on the internet. This itself speaks that M/o UD itself do not want to be transparent in the matter of posting/transfer so that they may continue with the practice of pick and choose policy. It was only after I raised much hue and cry, M/o UD vide letter No.C-11016/1/2011-Admn.III, dated-29.8.2011 intimated me that necessary instructions are being issued to upload posting/transfer orders of officers/officials of the Ministry as well as letters awarding contracts to private firms on the website of the Ministry.

11. I am of the view that it is the corruption which leads to increase in rate of taxation and levy of one after another new taxes. It is the corruption due to which benefits of several welfare measures of the Govt. do not reach the deserving people. Had there been no corruption, the rate of tax would have been much less, there might not have been a number of taxes.

12. Since Shri Jitender Kumar, US(Admn.) and Shri V. K. Sharma,, erstwhile JS(Admn.) [until recently Director (Admn.)] have miserably failed in discharging their duties efficiently, the competent authority in M/o UD may consider shifting Shri Jitender Kumar, US from the post of US(Admn.) and Shri V.K. Sharma, in-situ JS from the post of Director (Admn.), if he is still discharging duties attached with the post of Director (Admn.). As per information available on website of M/o UD, Director (Admn.) is the level at which file relating to purchases, award of AMC etc. is disposed. I understand that Shri V. K. Sharma, JS(Admn.) is still discharging duties attached with the post of Director (Admn.).

13. I intend to send this mail to Hon’ble Prime Minister of India, some Hon’ble Minister(s), Hon’ble Members of Parliament, Chief Vigilance Officers, Officials of CAG, Volunteers of ‘India Against Corruption’, officials of M/o UD and to many more. Since it is not feasible to send mail to all of them in one go, I am sending the same in different lots. All are requested to take appropriate action in the matter."; this letter was emailed by one RTI activist Mamta Kumari to-day. If you have had the patience to read it; now you are wise how Government departments work!

Woman and Man !!

2011-09-27T00:15:00.003+05:30

GEOGRAPHY OF A WOMAN

Between 18 and 22, a woman is like Africa - half discovered, half wild, fertile and naturally beautiful!

Between 23 and 30, a woman is like Europe -
well-developed and open to trade, especially for something of real value.

Between 31 and 35, a woman is like Spain - very hot, relaxed, and convinced of her own beauty.

Between 36 and 40, a woman is like
Greece - gently aging, but still a warm and desirable place to visit.

Between 41 and 50, a woman is like Great Britain, with a glorious and all-conquering past...

Between 51 and 60, a woman is like Israel - has been through war, doesn't make the same mistakes twice, and takes care of business.

Between 61 and 70, a woman is like Canada,
cool, self-preserving, but open to meeting new people.

After 70, she becomes Tibet - wildly beautiful, with a mysterious past and the wisdom of the ages.... an adventurous spirit and a thirst for spiritual knowledge.

THE GEOGRAPHY OF A MAN

Between 1 and 80, a man is like Iran - ruled by a couple of nuts

THE END.

Bad Roads; In West Bengal

2011-09-16T21:34:00.002+05:30

Have you recently traveled through district roads of West Bengal? It your answer is in affirmative, then I need not to tell you how those roads are! If you did not take any travel through those roads, I must say you are lucky. Surprising year after year they are repaired and the cycle goes on and on! There are government departments like CPWD and PWD for the arterial roads and others like municipal or Panchayat authorities for the connecting or smaller roads stretching with in localities.

The arterial roads maintained by state PWD departments are more or less of same features. With potholes all around, some stretches are so bad; they give you the taste of real ride! Crores of rupees are spent year after year; one surprises how much really spent for repairing them. It is open secret that government departments like PWD and Irrigation are most fetching for those running them. Right from minister on the top, the Chaprasis get his share. It's a nexus of politicians, officials and contractors. I am not sure how the booty is shared but the roads are in their worst conditions. Contracts are awarded with due precess of opening the tenders. With the apparent regularities; don't think they are regular! Do you know what back-up money is! It's the money offered to all the participant contractors in a particular tender by one of them who would do the job. In most of the small or medium works with PWDs, the cartel of contractors fix who would do the job and how much will be shared between them, keeping aside the cut money for those in the power may be! Imagine how much really spent for the real works; at time not even 30%! So, our roads are bad, remained bad for ever. And they are like gold mine that never gets exhausted. Year after year the same roads mint money for many at the cost of exchequers. All benefits out of it; who are in business like motor spare manufacturers and garage owners due to frequent breakdown of vehicles negotiating bad roads.

With 'Paribartan' all around; will the roads change?

BUGLE: 1978 ! The Year It rained and Flooded !..

2011-08-10T22:13:00.000+05:30

BUGLE: 1978 ! The Year It rained and Flooded !..

Rains at Chittaranjan !!

2011-08-08T13:12:00.004+05:30

Getting wet while going to school was really pleasant, I always considered to be lucky as and when it used to happen. Of course there was reason behind it. At our school hardly holidays were declared on rainy days instead those of us got drenched were spared from attending the school and sent home! For us they were rainy days. I still remember during sporadic rains; the rush in toilet! When rain was hardly sufficient to drench enough to merit off from the classes; people rushed to toilet , to get wet with tap-water! I always used to be one of first few. I never liked the detention in class room through out my schooling days; ever since I attended my teens. So, rainy season every year used to bring few blessed days for me and few others. Not that getting relieved from the classes I used to rush back home. There were few dams at our neat town Chittaranjan; at least one of them was quite suitable for swimming. We made the best use of that . I am not sure these days,boys are still interested to swim skipping their classes. Not likely , they must have better options like swimming in swimming pools. There were two of them in our time. One at officer's club, other was in Technical School. Both were beyond our reach in 60s and 70s. So there were dams! Far bigger, deeper and muddy than clean blue water in swimming pool's tank.

Ours were innocent rainy seasons but we enjoyed them. I still remember the sweet and pungent odor we smelled at Gul Mohur avenue under those row of Gul Mohur trees. No where else I got them ever!

Bharat Sanchar Nigam Limited or BSNL; Customer Care!!

2011-05-24T21:55:00.000+05:30

Amongst the Government organization underwent divestment and a move towards corporatisaton or privatisation; the Bharat Sanchar Nigam Limited or BSNL and its subsidiary Calcutta Telephones are faring worst towards providing quality service. So is there customer care! Way back in 2005, when Calcutta Telephones was marketing their newly introduced broad band service with tall promises., I was one to subscribe for that. Though I have never found the promised speed what I pay for; but accepted as a matter of fact in terms of 'Indian standard '. On queries I was always told the fault lies with the cable laid and will improve when cable is changed. Further they added when they switch over to optical fiber the service would improve many folds.

I know not if they ever switched to optical fiber till recently. On 20 th May 2011 , in the evening my broad band connection went out abruptly; the error report showed error no.651; representing disconnection to server. I tried to contact Calcutta Telephones IVR fault booking system with my local telephone exchange i.e 264 2198; booked fault for broad band fault and got a docket number. Next day somebody from exchange rang up and said since the fault lies with the internet , they have nothing to do! He offered to be bit helpful by providing another phone number to contact. I was surprised and asked why doesn’t do that himself! He flatly declared that's not his job! I was really amazed with customer care of Calcutta Telephone and surmised they still manage to survive in the free market situation.

Not being deterred I rang up to another customer care number of BSNL's , that is 1500. More surprise was waiting there for me. In the labyrinth of various numbers in IVR system, when I finally put my faulty broad band's telephone number; the IVR responded ' there is no broad band service registered with this number'! The same IVR, 1500 offered another slot to register numbers for new broad band connections. Considering that they might have overlooked my number while giving me service few years back; why not register it myself! I did that, another surprise! IVR responded this time , my number already is in their records and further they mentioned the date of service given!

As of now , to day it is 22^nd May and now it is 1700 hours; being Sunday , there is no hope of attending any fault; my broad band still lies out of order. I am looking for other service with better customer care and quality. Any suggestion? My BSNL or Calcutta Telephones phone number is 2564 6540.

Finally as I conclude this article to post since the BSNL's broadband service has been restored after more than 96 hours on yesterday 23^rd May 2011. There was no natural calamity, no Tsunami or earthquake;so they seem to have broken all time record to restore the service!! Thank God!1

Sedition or Subversion!

2011-04-16T19:21:00.000+05:30

Dr. Binayak Sen has been granted bail by Supreme Court on 15 Th April 2011. That happens to be Bengali New Year day; Dr. Sen being Bengali what better gift be their than this for freedom loving Bengali all over the world. Dr. Binyak Sen is a pediatrician and a social worker. Leaving the material charms that a doctor of his standing enjoys in cities and towns, he had been serving the poor tribal of Chattisgarh adjoining Bilaspur areas. Chattisgarh state brought the charge against him that he had connections with infamous Naxal leader Mr, Narayan Sanyal and literature related their ideology found in his residence. So the charges of sedition was framed and in the lower court he was awarded life imprisonment. The Chattisgarh High Court turned down his bail application during the pendency of his appeal against lower court's verdict. At last in Supreme Court the justice could be found at least for time being. The division bench judges observed “He may be a sympathiser. That doesn’t make him guilty of sedition”. The famous lawyer Mr. Ramjethmalani who stood on behalf of Mr. Sen observed “I have never seen such oppression form the State government. This literature what they call sedition is available in the market”!

Dr. Binayak Sen seems to have awaken the government to review its colonial law of sedition. Union law minister Veerappa Moily hinted to review the law. Well that we need wait and see how the law is drafted again. But what crosses our mind when they will draft another law to punish those in the government framing unethical charges to gag the mankind to voice his views!

Products & Service Reviews: Bengal Hyundai, Sevice Center at Manicktala and Ba...

2011-03-25T00:01:00.000+05:30

Products & Service Reviews: Bengal Hyundai, Sevice Center at Manicktala and Ba...: "Hyundai; makes good cars. When I made up my mind to buy a car since it’s more a necessity now than luxury; given to the city’s poor trans..."

Enacash Tsunami !!

2011-03-14T15:58:00.001+05:30

Indian stock market is confused due to one after another global developments as political crises in Egypt, Libya followed by many other small countries in Africa and middle east. As usual immediate result is reflected in oil price soaring high. The Global market has been waiting apprehensively to what happens next. But contrary to the direction of expectation, came the bolt from blue, Tsunami in Japan ,leaving it in devastating stage. what is further shocking, the damage of nuclear plants! Reports suggest that Japan is worst hit than ever. So the Japanese economy too; the market waits anxiously, the indexes are plunging all over and India is no exception.

Here I remind you lessons from history. Though it's ironical but global economy always looked up after the destruction or damage due to war or natural calamities. As immediate after the chaos is over the reconstructions start. Of-course this depends upon individual countries economical health. But Japan being one of the most developed nations; for reconstruction their import bill will rise considerably for next couple of years. Mind you Japan is advance in technology but with poor resources of raw materials. Investors may look for those stocks engaged in the business matching Japan's import lists. Like iron, coal or other minerals and finished products like garments and leather goods they import.

Mind you this blogger has been recommending silver purchase in any form for the past four to five years , check out with the articles in this blog under 'economy'. They were perceived even before 2008 global melt down. Now it's reality; the current silver price is INR 54000/- and so anywhere in the world. Keep watch for further dip; start picking those chips at a price as low as possible and wait for mid to long term. I assure they will boom, though not as much as silver. Even you can still invest in gold or silver, they are promising for ever.

Problem of workplace alcoholism

2011-01-21T00:00:00.000+05:30

Hazards of alcoholism; it's impact in society or family are much discussed. Euphoric effects of alcohol has its flip sides too. Besides health hazards, it destroys family bondage, abets crimes but despite of all these drinking habits are ever increasing in Indian society. Elite, educated middle class , till recent past kept themselves afar from this evil now cherish this habit. In fact for some it has become a status symbol! Globalization for the past two decades provided impetus for the urge of spirits in true sense.

What is least talked about is workplace hazard related to alcoholism. Here I cite some examples , through the real identities are concealed but they are facts.

Prof Asit Chakraborty , a renowned professor in the department of Physics in Calcutta University was suspended for three months. Surprised? The students were perplexed to find him over drunk in University campus! So Mr Vijay Rajade a jute technologist, who was asked to resign in Mumbai before five years as he used to drink in workplace and abused subordinates. There are numerous cases like these all over. Many do not come to lime light as they are suppressed by fellow workers or colleagues considering the consequences.

In a recent study The International Labour Organaisation found that 3-5% of global workforce are alcohol dependent and more than 25% are at the risk to be dependent for their heavy drinking habits. Ask any corporates executive , they will admit that drinking habits pose difficulty for the workforce to concentrate on job and reduce their productivity. However in Indian scenario no data is available about the loss of production due to alcoholism. But they remain. According to The World Health Organisation 10% of our population are addicted to alcohol or drugs. Study indicates out ten persons drink two become alcoholics. This is alarming.

There are some factors that contribute to workplace drinking culture. A recent study by American Foundation claims to have found that pressures for performance evaluation, lack of job satisfaction, workaholism, family conflicts, work place conflicts contribute to workplace alcoholism. Other factors like male dominated workforce that encourage drinking to express solidarity, boring jobs or stressful jobs, availability or accessibility of alcohol and limited supervision may entice the workers to resort to drinking.

In the given situation employees awareness programs as well as strict overall supervisions may address the problem. Though it is difficult to change the environment totally at one go but gradually in any organisation the Managers or Supervisors should be educated first about alcohol policies of the organisation. Later workshop of alcohol awareness should be convened with work force.

No-takers for US H-1B Visa

2011-01-11T10:19:00.004+05:30

11000, U.S H-1B visas remain unused for the first time ever. In fact there is no taker! The mandatory 65000 H-1B visa are most sought after for Indian professionals seeking jobs in U.S. This visa is non-immigrant visa in United States that allows US companies to employ foreign employees in special categories.

In 2008 the picture was different. By April the quota was exhausted and USCIS resorted to computerized draw to determine lucky ones eligible for visa. Last year the the cap was reached by 21^st December.

There was steep hike in visa fees from $320 to $2320 by Obama government. This has been done to garner $650million to hike security budget in US- Mexico border. The move was not welcome by Indian IT companies. They raised concern over the issue but failed to deter American policy makers.

There is other story circulating like this that Obama government is covertly encouraging protectionism. Not anymore small and medium companies are getting visa. The bigs are spared so the fall in demand H-1B.

Crime and Punishment

2010-12-14T13:01:00.002+05:30

Domestic crimes are on rise in the state of West Bengal as never before. In the northern states in India, cases of dowry deaths, rapes, kidnappings were rampant. A few years ago kidnapping became a sort of industry in Bihar, where people were joking the kidnappers may seek bank finances as the business seems quite lucrative! Though sporadic cases like 'Khadim-owner' did took place in Kolkata but they were mastermind and executed remotely. But recent reports suggests domestic crimes like father killing son or husband killing wife are becoming almost every day affair. The sports enthusiast father killing budding table tennis player teen age son with table tennis bat stunned every Kolkatan. So the recent killing by Ex Airman father his minor son with bat in his apartment, apparently for misunderstanding with his wife who was staying separately. Are they symptoms of gross social discontent, mistrust ? Our state of West Bengal is witnessing steep rise of suicide cases and still more suicidal attempts.Surprisingly they are evident in all the levels. Forcing TATAs to abandon their 'Nano' project or stalling ongoing projects at Rajarhat or Sankarail! They seem no different than father killing son or instead mother does so to avenge the vendetta with her spouse ( read ruling or opposition political parties as befits).

History repeats itself as the old adage says. So the civilization; we came out of caves , formed societies leading to nations; tolerance was the key to cement our relations. Then survival was the prime consideration. Now power, so to grab power it seems all fair! This unrest in every level of our society is reflection of discontents in every level.

Biodeisel and Global warming

2010-11-12T16:59:00.002+05:30

All over the world global warming and its associated affects like climate change, rise of seawater level due to melting of ice in Antarctic and Arctic continents; are matters of great concerns. Scientists predict within few decades (the opinion varies) coastal areas of many continents and subcontinents will be submerged under seawater like the mythological city Atlantis. Preserving forests with its greenery for the very cause of absorbing carbon- di -oxide and controlling industrial emission of toxic gasses along with carbon-di-oxide are the immediate steps advised by them. Most of the industrial developed countries are taking wily nilly, the measure to curb the emission. The world’s greatest polluter United States though forced others to take necessary measures to curb emission putting them under the threat of black listing for their imports; they themselves appears to be least interested to curb emission ! Developed nations in Europe have taken pioneering steps to curb emission in some cases exemplarily way. India, though late, but has risen to the cause of emission control. Under supervision of Pollution Control Board in various states and some time with the help of judiciary, environmental protection laws are being implemented. As in recent past, we saw a total switch over by private and public transports in city like Kolkata to permissible emission system. Mumbai, Delhi and other metro cities in India already adopted the policy earlier.

Now what is typical with Indian tradition is delay in introduction of Bio-fuel or Bio-diesel to curb carbon-Di-oxide emission. Carbon-di-oxide has been identified playing major role for global warming. In developed counties industrial and vehicular emission consist maximum amount of carbon-di-oxide. The pollutions control measures as recommended for different industries, if adopted conforming to the norms; help controlling toxic emission to the permissible limit. However, industries have to make additional investments for that. Emissions are mostly caused by burning of fuels to generate heat for running boiler, engines. Wherever diesel is used for generating energy; it can be mixed at least 20% bio-diesel. This help both way, it curb the oil import bills saving great amount of foreign exchange and curbing the emission of carbon-di-oxide to the extent of 50%.

You will be surprised to know all the major Bio-Diesel plants capable of producing 12 lakh tons of Bio-Diesel are closed now. In a recent judgment passed by the judiciary, in a case filed by all the oil refineries banned the use of bio-diesel .

It is all together a different matter why Judiciary passed such order; but why at all the oil refineries filed the case against use of Bio-Diesel as a mixer with diesel!

Now Biodiesel Association of India, with some of its eminent members, is going to convene a meeting on 19^th November 2010 in Delhi. The issues that impede the introduction of Biodiesel will be taken up with our Prime Minister Dr,Manmohon Singh for a favorable solution. Hope it works.

BE HUMANS SOMETIMES ITS NICE TO LET SOMEONE WIN MAKE A PERSON HAPPY TODAY..... EVERYDAY

2010-10-03T12:27:00.001+05:30

I received a mail today, it consists a story that teaches the simplest technique to be more human. Thought I should share it with you; here it goes ::

At a fundraising dinner for a school that serves children with learning disabilities, the father of one of the students delivered a speech that would never be forgotten by all who attended. After extolling the school and its
dedicated staff, he offered a question:

'When not interfered with by outside influences, everything nature does, is done with perfection.

Yet my son, Shay, cannot learn things as other children do. He cannot understand things as other children do.

Where is the natural order of things in my son?'

The audience was stilled by the query.

The father continued. 'I believe that when a child like Shay, who was mentally and physically disabled comes into the world, an opportunity to realize true human nature presents itself, and it comes in the way other people treat that child.'

Then he told the following story:

Shay and I had walked past a park where some boys Shay knew were playing baseball. Shay asked, 'Do you think they'll let me play?' I knew that most of the boys would not want someone like Shay on their team, but as a father I also understood that if my son were allowed to play, it would give him a much-needed sense of belonging and some confidence to be accepted by others in spite of his handicaps.

I approached one of the boys on the field and asked (not expecting much) if Shay could play. The boy looked around for guidance and said, 'We're losing by six runs and the game is in the eighth inning. I guess he can be on our team and we'll try to put him in to bat in the ninth inning.'

Shay struggled over to the team's bench and, with a broad smile, put on a team shirt. I watched with a small tear in my eye and warmth in my heart. The boys saw my joy at my son being accepted.

In the bottom of the eighth inning, Shay's team scored a few runs but was still behind by three.

In the top of the ninth inning, Shay put on a glove and played in the right field. Even though no hits came his way, he was obviously ecstatic just to be in the game and on the field, grinning from ear to ear as I waved to him from the stands.

In the bottom of the ninth inning, Shay's team scored again..

Now, with two outs and the bases loaded, the potential winning run was on base and Shay was scheduled to be next at bat.

At this juncture, do they let Shay bat and give away their chance to win the game?

Surprisingly, Shay was given the bat. Everyone knew that a hit was all but impossible because Shay didn't even know how to hold the bat properly, much less connect with the ball.

However, as Shay stepped up to the
plate, the pitcher, recognizing that the other team was putting winning aside for this moment in Shay's life, moved in a few steps to lob the ball in softly so Shay could at least make contact.

The first pitch came and Shay swung clumsily and missed.

The pitcher again took a few steps forward to toss the ball softly towards Shay.

As the pitch came in, Shay swung at the ball and hit a slow ground ball right back to the pitcher.

The game would now be over.

The pitcher picked up the soft grounder and could have easily thrown the ball to the first baseman.

Shay would have been out and that would have been the end of the game.

Instead, the pitcher threw the ball right over the first baseman's head, out of reach of all team mates.

Everyone from the stands and both teams started yelling, 'Shay, run to first!

Run to first!'

Never in his life had Shay ever run that far, but he made it to first base.

He scampered down the baseline, wide-eyed and startled.

Everyone yelled, 'Run to second, run to second!'

Catching his breath, Shay awkwardly ran towards second, gleaming and struggling to make it to the base.

B y the time Shay rounded towards second base, the right fielder had the ball . the smallest guy on their team who now had his first chance to be the hero for his team.

He could have thrown the ball to the second-baseman for the tag, but he understood the pitcher's intentions so he, too, intentionally threw the ball high and far over the third-baseman's head.

Shay ran toward third base deliriously as the runners ahead of him circled the bases toward home.

All were screaming, 'Shay, Shay, Shay, all the Way Shay'

Shay reached third base because the opposing shortstop ran to help him by turning him in the direction of third base, and shouted, 'Run to third!

Shay, run to third!'

As Shay rounded third, the boys from both teams, and the spectators, were on their feet screaming, 'Shay, run home! Run home!'

Shay ran to home, stepped on the plate, and was cheered as the hero who hit the grand slam and won the game for his team

'That day', said the father softly with tears now rolling down his face, 'the boys from both teams helped bring a piece of true love and humanity into this world'.

Shay didn't make it to another summer. He died that winter, having never forgotten being the hero and making me so happy, and coming home and seeing his Mother tearfully embrace her little hero of the day!

AND NOW A LITTLE FOOT NOTE TO THIS STORY:

We all send thousands of jokes through the e-mail without a second thought, but when it comes to sending messages about life choices, people hesitate.

The crude, vulgar, and often obscene pass freely through cyberspace, but public discussion about decency is too often suppressed in our schools and workplaces.

.

We all have thousands of opportunities every single day to help realize the 'natural order of things.'

So many seemingly trivial interactions between two people present us with a choice:

Do we pass along a little spark of love and humanity or do we pass up those opportunities and leave the world a little bit colder in the process?

A wise man once said every society is judged by how it treats it's least fortunate amongst them.

PROPOSED DIRECT TAX CODE IN INDIA

2010-09-11T21:25:00.000+05:30

Here I publish the proposed direct tax codes (Income tax) , readers may take note of it for their future tax plan:

The revised draft of DTC has proposed some major changes for the taxpayers. However, the changes in the revised draft are far from being the bold changes envisaged in the earlier draft. The objective of the new tax code seems to be now of simplifying the tax process. This article lists down the amendments proposed in the revised draft and its impact on taxpayers.

Amendments

1) Under the new direct tax code, exemption for House rent allowance (HRA), Leave Travel Concession (LTC), medical allowance has been retained. However under the new tax code, LTC will be included as a part of your income. LTC was missing from the list of exemption which created perception that the incentive has been done away with. But it has been later clarified by a finance ministry official that the difference will only be on reporting mechanism.

2) The tax slabs will be changed with 10% tax on income of Rs 2-5 lakh, 20% tax on income of Rs 5-10 lakh and 30% thereafter. Marginal exemption of income tax for senior citizens and women has also been proposed.

3) Under the DTC Equity Linked Savings Scheme (ELSS), repayment of principal amount of the housing loan, term deposits with banks do not find any mention. Hence, you might not gain any tax incentive if you have invested in these schemes unless confirmed otherwise.

4) If you have made investments in equity market for less than a year and you want to book profits on the capital gains realized, the tax will now be linked to your individual tax slab. That is to say, the capital gain will be added to your income to calculate the final tax. It means the low-income tax payers who earlier were paying a flat 15% on short term capital gains will now pay less tax because of this amendment. The high-income taxpayer would continue to pay almost the same 15% tax on capital gains. Also, if you have a long term investment horizon, Capital gains will be fully exempted from being taxed. However, you will now have to pay tax @ 5% on equity fund dividends.

5) In the present tax code, if you have invested in long term savings products like PF, gratuity fund, pension fund etc, then you can claim a deduction of Rs 1lakh from being taxed. Now with the introduction of new tax code, you can claim a deduction of an additional Rs 50,000 for tuition fees of children, pure life insurance premium and health insurance premium. Also, if you invest in infrastructure bonds, deduction of an additional Rs 20,000 also can be claimed.

6) If you have taken a housing loan, after DTC gets implemented, you can still claim deductions of up to Rs 1.5 lakh per annum for the interest payments you make every year.

7) Under DTC, tax department will have more powers to impose a penalty. Currently, a penalty is levied for concealing the particulars of your income and if you are able to convince the Government that you didn't intend to evade tax; you are let off without any penalty. But now under the new tax code, you will be levied penalty even for under-reporting. The penalty for tax evasion will now be however decreased to a maximum of 200% of the tax due from the current 300% of the tax due. Also, faulty books and wilful attempt to evade taxes will be levied a penalty of maximum Rs 3 lakh and Rs 5 lakh respectively.

So what is the way forward for taxpayers? Here are a few tips for taxpayers!

Tips for Taxpayers

a) If you are a long term investor in Mutual funds then opt for Systematic withdrawal plans (SWP) in a growth plan rather than choosing a dividend plan. This is because you will now have to pay tax @ 5% on equity fund dividends.

b) If you are planning to invest in bonds, you can consider the infrastructure bonds as it has tax benefits associated with it.

c) You can also consider investing in life insurance or health insurance products. The premium you pay will be exempted from being taxed.

d) A housing loan is also a good way to bring down your taxes as has always been the case.

Meltdown and Indians

2010-07-21T22:23:00.000+05:30

EXPLAINED...

{ IN SIMPLE THE DESI WAY }

Khaja Bhai is the proprietor of a Nehari Shop in Hyderabad .
Sales are low and, in order to increase them, he comes up with a plan to allow his customers to eat now and pay later.
He keeps track of the meals consumed on a ledger.
Word gets around and as a result increasing numbers of customers flock to Khaja Bhai’s Hotel.
Khaja Bhai's suppliers are delighted and are very willing to sell more and more raw materials for the meals he prepares.
Khaja Bhai shows them his ledger of receivables and they extend him credit.
A young and dynamic customer service consultant at the local bank recognizes these customer debts as valuable future assets and gives
Khaja Bhai a credit line and then increases his borrowing limit.
Taking advantage of his customers' freedom from immediate payment constraints, Khaja jacks up the prices of his Nehari, Kulche, Jabde, Paaya and Zabaan.
Customers don't mind as they are not required to pay on the spot anyway.
Sales volume increases massively, Banks and suppliers lend more;
Khaja Bhai opens more outlets.
He sees no reason for undue concern since he has the debts of the customers as collateral.
At the bank's corporate headquarters, expert bankers recognize Khaja's
customer loans as assets and transform these into BONDS.

These negotiable instruments are given exotic names such as
JABDA BOND,
PAAYA BOND,
ZABAAN BOND
&
KULCHA BOND.

These securities are then listed
on the Stock Exchange and
traded on markets worldwide.
No one really understands what the names mean and how the securities are guaranteed, but, nevertheless, is their prices continuously climb, the securities become top-selling items.
One day, although the prices are still climbing, a credit risk manager of the bank decides that the time has come to demand payment of one of the debts incurred by Khaja Bhai.
Khaja in turn asks his clients to pay up.
One by one they refuse;
the clients cannot pay back the debts.
Khaja Bhai refuses to serve them any more.
The clients stop coming.
Khaja is really screwed now.
He cannot fulfill his loan obligations and therefore claims bankruptcy.
All Bonds drop in price by between 80 to 95%.
The suppliers of Khaja, having granted generous payment due dates and having invested in the securities are faced with similar problems.
The Meat Supplier defaults on payment to the Cattle Supplier and claims bankruptcy.
The Kulche Ka Aata supplier is taken over by a competitor;
Khaja lays off the cook and staff.
Bankruptcies soar, unemployment mushrooms.
The bank that lent the money in the first place is set to collapse.
It is later saved by the Government following dramatic round-the-clock consultations by leaders from the governing political parties with Khaja Bhai commuting back and forth in his Executive Jet and Mercedes 500SEL, brokering the deal.
The funds required to save the economic collapse are obtained by a tax levied on the common citizens,
Most Of Whom, Do Not Eat
No Nehari,
No Zabaan,
No Sirey,
No Paya...!!!
GOLMAAL KI JAI HO...!!!

HOPE YOU UNDERSTOOD ? IT CANNOT BE SIMPLIFIED FURTHER !!!

--

Be Watchful; INVESTORS

2010-05-27T10:58:00.000+05:30

The current turmoil in international markets are felt in Indian burses too. The recent Euro crises in Greece and and on going out break of Euro crises in Spain ( as expected) is creating tremor in global financial market. With Euro losing ground and dollar gaining strength; the gold price has sky rocketed. As every time the stock price become unpredictable the investors turn to gold as safe bet. In India gold has larger role besides being investors choice. As the marriage season is ensuing the demand of gold for ornaments is rising so the price is getting an extra boost. However with the current ups and downs of stock market offers the opportunities to day traders to make quick bucks but it is not at all safe for ordinary investors. They better keep away and watch carefully the market trend. Though may investment gurus vow that international market hardly cast any effect on Indian market but it is doubtful how far they are reliable. In fact in past there are evidence that they advise for buy to off load their portfolios to cut down losses.

SAMSUNG.... the brand losing consumer's favour!!!!!!!

2010-05-17T21:35:00.000+05:30

SAMSUNG; the name was not known even before ten years to many in India but now it comes in anyone's mind immediately after global giant like SONY, CANON or PANASONIC,so far consumer durables or electronics concerned. But as the meteor glows brighter for short time in the sky and travels faster across the sky but never last for eternity like stars so this brand is. SAMSUNG is losing its sheen and its Achilles heel is it's various service centers across the country, specially in the Eastern Sector. Numerous complaints are pouring in about the poor after sales service facilities provided by the company. Actually few are blemish about the products but all blame the service provided by the local service centers.
The complaints are about the inefficiency of service personals, non-availability of spares or more serious not attending the complaints at all. SAMSUNG and LG captured Indian market with their excellent customer care and after sales service. LG and several others are keeping it up but SAMSUNG is lagging behind; so losing the market share.

No more correction on Cheques

2010-04-26T10:16:00.000+05:30

My readers in India better note that from 1st of July this year no more correction is permissible while writing Cheques. Only exception you can correct the date and as usual authenticate with your specimen signature that you use while writing the cheque. So far any correction on the face of cheques needed your signatures, be it the amount written in words or figure or the payee's name etc. The banking law has been corrected to nullify the age old practice except the correction in date.

So, those of you are in habit of overwriting or making corrections better be careful and avoid embarrassment for you and others. From the 1st April 2010, your savings bank account with any Bank in India will accrue interest on daily balance basis. The old practice was interest used to be calculated on minimum balance in your account between 10th and last day of any month. This way of course you will be benefited.

Wage Settlement in Indian Banking Industry

2010-04-24T12:40:00.000+05:30

After much dilly dallying the wage negotiation in Banking Industry is likely to be completed shortly; as reported by the Trade Unions engaged in negotiation. What seems with elections in different states closing in, their political bosses have shown them green signal! Reason? you must know what follows in every industry after wage negotiation in the Nationalized sectors in our country, a good percentage of the arrears (the accumulated amount of the balance of the difference between enhanced wage and existing wage, since the effective date of settlement)is taken away from every employee (of course who are members of these unions) as levy. This makes a handsome fund in the hand of these Trade Unions; a chunk from that is doled out to their respective political parties. So it makes sense to hasten the wage settlement.

Imagine; that it is almost two and half years now the settlement is on; in between Bank employees have gone on strikes number of times; leaving the customers to suffer. Nothing could hasten the process of negotiation till the election knocked the doors! Remember, Alexander the great commented on this country centuries ago to Celucas,his General, standing on the other side of Indus river " see how great(unique!) the country is!". So it is in every way. Here every decision is taken politically, be it reservation , wage negotiation or anything you can imagine on earth.
But what is the outcome of such prolonged negotiation? Well, the pension issue of the Bank employees appears to have been resolved, with the pension fund to be created with partial subscription of the employees. Mind you this has never happened so far with any Government undertaking sector. So this is land mark settlement. Last time when Bank employees were offered pension options, it was just like another options. The Reserve Bank employees were given this options number of times. Our MPs and MLAs fix their own pension doling out the public funds. Where as these Banks, most of them are laying golden eggs are asked to create pension funds with suitable contribution from their employees.
Any way this one part of the story; the other part is, after the settlement what will the average wage of bank employees in comparison to other sectors? See even after the new wage, a clerk in bank at the time of joining will get a salary between Rs7500/- to Rs8500/-(approx) PM, depending upon the place of posting. As in metros they get more city compensatory allowance and house rent. Sounds funny! but it fact and that is why it is observed those who are joining the industry leave it sooner they get any other jobs even in Municipalities as they are far better pay masters. Obviously, this will help the bankers to take steps ahead quite smoothly towards outsourcing, as the industry is likely to starve for work force

Those of you are feeling happy about the affair, keeping the banking stocks price in mind beware. The result of running financial institutions, specially banks have been tasted in recent US sub-prime crises followed by global recession. After all you can never expect the mercenaries would fight for your nation the way soldiers do.

Words that may change your life!

2010-04-16T20:41:00.000+05:30

We all have ways of testing opportunities that enter our lives. Some of us just dive right in based on feeling, others walk straight into what they know is right by a gut feeling or intuition. And if it's not gut feelings or emotions that are the tests of opportunities, it is the logical mind persuading us to ignore those feelings and emotions and test it with our reality of reason.

Most of us do not have a predetermined strategy for testing opportunities, or even more generally to test the actions we take and the choices we make in our lives.

There is an easier way to determine if our choices we make and the opportunities we receive 'pass the test'. This simple 32 word statement of business ethics was first created in the 1930s and used to turn around a failing company. These four questions were applied by each employee to each and to every minute detail of the company's workings. This little list of four questions from Rotary International, a humanitarian business organization, is the most widely printed, translated and reproduced piece of business ethics today:

"Of the things we say, think or do:
1. Is it the TRUTH?
2. Is it FAIR to all concerned?
3. Will it build GOODWILL and BETTER FRIENDSHIPS?
4. Will it be BENEFICIAL to all concerned?"

If we built businesses and our lives based on these very simple 4 questions we would be coming from a place completely the opposite of the competitive mind and the lack mentality. As you can see, these questions prompt you to choose what is true, fair, and good, making choices that can build friendships and goodwill. It helps us to see how the choices we make can be beneficial to all concerned.

Because of our societal influences, we most often are inclined to make choices and act based on a competitive mind. This comes from the perspective of lack, scarcity, and ultimately greed.

Any opportunity based on the model of competition and lack will simply not pass the test. Competition promotes strife. It embodies winning one spot, taking it away from all the other people who want it. It misleads people to believing there is only one chance for success, when in reality there is plenty for all.

The competitive model encourages people to rely on a source outside of themselves to give them what they need. This denies the power of their own ability to create what they want. This narrow focus shows they are choosing to ignore the possibility of creating this opportunity in their own lives, instead of trying to win the spot from millions of others.

This simple testing technique takes us completely out of the competitive mind of greed, scarcity and lack. It turns our thoughts and choices toward the positive, realizing there are opportunities we can take that can provide increase for all concerned.

I invite you to use these questions to test your actions and opportunities in your life. If you are seeking opportunity, these questions may help you see things in a different way. In doing this, perhaps you might find an opportunity in your life which truly allows you to benefit the world, while at the same time reaching whatever your dreams, goals, and desires are.

Use Positive language for marketing

2010-03-05T20:42:00.002+05:30

The vast majority of business literature is boring. This applies to printed and web writing alike. It is sometimes tempting to inject a bit of light-heartedness into the text, but it is a dangerous game.

Some time ago, I edited the marketing materials produced by a London hotel. One of the hotel's attractions was its leisure centre, which included a well-equipped gym. The original script referred to a 'large satellite TV to give some relief from the torture.' Now, I have to admit that I agree with the sentiment. The strange machines in gyms are as painful as they are boring. Nevertheless, this was an unwise piece of ironic humour.

The gym is a selling point to people who already like hard exercise, not to couch potatoes like me. Why present a negative perception of the gym, however obviously it is intended as humour? Of course, it is unlikely to deter the hardened keep-fit fanatic and, no matter how the gym is marketed, I am a lost cause. The big risk is that it puts off someone who is wondering whether to try a gym during a leisure weekend. Reminding them that long-forgotten muscles are going to ache is perhaps not the best selling point.

We changed the brochure to say that the gym has a 'large satellite TV to keep you entertained.' The number of guests using the gym has increased. Enough said!

The minor towers next to the citizen.

2010-02-01T20:15:00.001+05:30

The minor towers next to the citizen.

Affiliate Program for Roomster

2010-01-31T22:37:00.000+05:30

Do you want to make money with your blog or web site? Then you can start earning money with roomster affiliate program. I would recommend this program to all those blogger who are mainly blogging on real estate, but anyway you can sign up for it. Roomster is a home and apartment searching engine.

Jyoti Basu.....The Great Son of Bengal

2010-01-19T20:34:00.000+05:30

I don't remember the exact date, but probably it was in the month of August 1991. I was attached as a free lancer to a least know weekly “ The Democratic Forum” ; my fancy to give a try to my journalistic flair was the sole motive with that association. My editor, Late Mr M.L. Shah was the person who was encouraging me. That day he came to my office and asked if I was free in the evening. Fortunately I was and asked him back the reason. He said Mr Jyoti Basu would give a press conference at the press club, Kolkata and if I wish I could attend that. It was a pleasant surprise ; so I readily agreed.

In the evening Mr, B.L. Shah of “Dainik Rooplekha” , a Hindi daily from the same stable of my weekly, fetched me from my office to the press club. We were early birds, outside the club , on the lawn people were sitting making circles and chatting with each other. I felt a fish out of water, as none knew me and so I. Turning to my companion, I found he was enjoying my discomfort! He winked at me, took me to a corner and handed out a glass spilling with whiskey! I gulped it within no time and felt better, more at home in that unknown joint.

At last our wait was over, the secretary of press club came out to call us to take our sit within the club as the CM, Jyoti Basu was expected at any moment. We entered, took our seat at the back. In came the CM, Late Mr Jyoti Basu, that was the first time I saw him so closed. He was 78 then, still looked quite healthy and so sharp in his reaction while answering the questions thrown from our side was really amazing! The press secretary was selective allowing the reporters one by one to ask question to him; I too raised my hands just to ask “ Sir at this age, how long you think to continue to lead the state” but not allowed. Though disappointed then later I knew the answer ; it must have been “ …......as long the party wants me to continue”.

The great son of Bengal, at last departed without caring for the approval of his party!
Well his departure reminds me that not so close meeting where I could not salute him; now I salute his soul.

Shout and Anger

2009-12-23T19:49:00.001+05:30

Here goes a simple story, reading this I could relate my anger with shout! Why not to share it with you; here it goes:

Anger

Why do we shout in Anger?

A saint asked his disciples, 'Why do we shout in anger? Why do people shout at each other when they are upset?'

Disciples thought for a while, one of them said, 'Because we lose our calmness, we shout for that.'

'But, why to shout when the other person is just next to you?' asked the saint. 'Isn't it possible to speak to him or her with a soft voice? Why do you shout at a person when you're angry?'

Disciples gave some other answers but none satisfied the saint.

Finally he explained, 'When two people are angry at each other, their hearts distance a lot. To cover that distance they must shout to be able to hear each other. The angrier they are, the stronger they will have to shout to hear each other through that great distance.'

Then the saint asked, 'What happens when two people fall in love? They don't shout at each other but talk softly, why? Because their hearts are very close. The distance between them is very small...'

The saint continued, 'When they love each other even more, what happens? They do not speak, only whisper and they get even closer to each other in their love. Finally they even need not whisper, they only look at each other and that's all. That is how close two people are when they love each other.'

"When you argue do not let your hearts get distant. Do not say words increase the distance between each other. Or else there will come a day when the distance is so great that you will not find the path to return...."

Nationalised Banks in India

2009-12-18T12:32:00.001+05:30

Days are changing fast; the pace seems sometime out of many's reaches. Specially the functioning of some of government's organizations have gone under a sea-change. Though it may not be evident sometime to public. Not all the changes are healthy though most of them are likely to be. Don't you find the change in the working style of our nationalized banks? They are trying to match with their private or foreign peers. But what is unique about it, in private or foreign banks you mostly find the young and energetic staffs (though mostly outsourced) are manning the counters; on the contrary in our nationalized banks, the gray haired, aged, sometime with trembling hands are put behind the counter to cater the services. The customers expectations are also running high, so with the younger management staffs of the same banks. So, between demanding customers and inexperienced, young management staffs, the workmen of our nationalized banks are reeling. Unions,once omnipotent in the industry, knowing well that their days are counted have taken a policy of wait and watch. There is hardly any understanding between their members and leadership. Most of the leaders are politically biased, they look more for their political interests than those whom they represent!
The best solution is to offer those employees, a respectable exit option, keeping their social security in mind. They should be assured, they will get the benefits of any further agreement taking place till they would have served have they not opeted to exit. The older staffs may be replaced with younger generations who can match the demanding customers and management equally.
But who is listening?

Do good & Remain Blessed!

2009-12-04T20:11:00.000+05:30

A woman baked chapati for members of her family and an extra one For a hungry passerby. She kept the extra chapati on the Window-sill, for whosoever would take it away.

Everyday, a hunchback came and took away the chapati. Instead of expressing gratitude, he muttered the following words as he went His way: "The evil you do remains with you: The good you do, comes back to you!"

This went on, day after day. Everyday, the hunch-back came, picked up the chapati and uttered the words: "The evil you do, remains with you: The good you do, comes back to you!"

The woman felt irritated. "Not a word of gratitude," she said to herself... "Everyday this hunchback utters this jingle! What does he mean?"

One day,exasperated, she decided to do away with him. "I shall get rid of this hunchback," she said. And what did she do? She added poison to the Chapati she prepared for him! As she was about to keep it on the window sill, her hands trembled. "What is this I am doing?" she said. Immediately, she threw the chapati into the fire, prepared another one and kept it on the window- sill. As usual, the hunchback came, picked up the chapati and muttered the words: "The evil you do, remains with you: The good you do, comes back to you!" The hunchback proceeded on his way, blissfully unaware of the war raging in the mind of the woman.

Everyday, as the woman placed the chapati on the window-sill, she offered a prayer for her son who had gone to a distant place to seek his fortune. For many months, she had no news of him.. She prayed for his safe return..

That evening, there was a knock on the door. As she opened it, she was surprised to find her son standing in the doorway.. He had grown thin and lean. His garments were tattered and torn. He was hungry, starved and weak. As he saw his mother, he said, "Mom, it's a miracle I'm here.

"While I was but a mile away, I was so famished that I collapsed. I would have died, but just then an old hunchback passed by. I begged of him for a morsel of food, and he was kind enough to give me a whole chapati.

"As he gave it to me, he said, "This is what I eat everyday: today, I shall give it to you, for your need is greater than mine!" "

As the mother heard those words, her face turned pale. She leaned against the door for support. She remembered the poisoned chapati that she had made that morning. Had she not burnt it in the fire, it would have been eaten by her own son, and he would have lost his life! It was then that she realised the significance of the words:

"The evil you do remains with you: The good you do, comes back to you!"

Farner John's Story!

2009-11-17T23:41:00.000+05:30

Farmer John lived on a quiet rural highway. But, as time went by, the traffic built up at an alarming rate.

The traffic was so heavy and so fast that his chickens were being run over at a rate of three to six a day.

So one day Farmer John called the Sheriff's office and said, "You've got to do something about all of these people driving so fast and killing my chickens."

"What do you want me to do?" asked the Sheriff.

"I don't care," said Farmer John. "Just do something about these crazy drivers!"

So the next day, the county workers erected a sign that said

SLOW: SCHOOL CROSSING.

Three days later Farmer John called the Sheriff and said, "You've got to do something about these drivers. The 'school crossing' sign seems to make them go even faster."

So, again, the Sheriff sent out the county workers and they put up a new sign:

SLOW: CHILDREN AT PLAY.

But that sped the drivers up even more!

So Farmer John kept calling, and the Sheriff kept changing the signs.

Finally, Farmer John said to the Sheriff, "Your signs are doing no good. Can I put up my own sign?"

The Sheriff was ready to let Farmer John do just about anything if it would get him to stop calling every day. He said, "Sure thing, put up whatever you want."

And after that, the Sheriff got no more calls from Farmer John.

Three weeks later, the Sheriff's curiosity got the best him and he decided to give Farmer John a call. "How's the problem with those drivers? Did you put up your sign?"

"Oh, I sure did. And not one chicken has been killed since then. I've got to go. I'm very busy." He hung up the phone.

The Sheriff was really curious now and he thought to himself "I'd better go out there and take a look at that sign.... It might be something that WE could use to slow down drivers..."

So the Sheriff drove out to Farmer John's house, and his jaw nearly hit the floor at what he saw. There, painted neatly on a sheet of plywood was Farmer John's sign:

NUDIST COLONY:
GO SLOW -- WATCH FOR CHICKS

The Market Trend in India

2009-11-16T20:38:00.000+05:30

Recent reports suggest that Indian stock index (SENSEX) is not likely to renege in near future. Rather it is likely to rise further slowly; not drastically. There several contradictory factors are involved in Indian economy. On one hand the rising inflation, on the other the increasing demand of engineering goods, automotives. The domestic car sells rose to its pick during last festive season. In tandem with the demands for accessories, tyre, steel, air-conditioners and plastic goods are rising. Recently the Reliance Industries found the oil source in Cambey bay, which is their second biggest finding in recent past. This pushed the share price of Reliance last week and that followed by several others pushing the SENSEX around 17000.
At the same time gradually the rate of export is receding because of global, especially US demand slump. This is alarming; oil price in global crude market touched $80 per barrel will result in India’s net forex outflow adding fuel to inflation. This may force to increase the rate of interest in near future. The draught during the first phase of monsoon may hit the agriculture production. Furthermore the government package what was given to tide over recession has to be checked. Obviously this may cause the domestic demand slump.
All these factors will regulate the market according to their respective forces; the favorable ones will push the market to higher level, where as the negative factors will pull down the market. So it is uncertain and difficult to determine which one will rule. So the best is sell that fetches profits for you and buy what still promise further rise and still lying low. Or just wait and watch.

Nationalised Banks are turning their staffs bankrupts!

2009-10-19T23:18:00.000+05:30

There are many who think the employees in banking sector are elite group of workers, getting thick pay packet every month comparing to their peers elsewhere. In fact; the undercurrent is envious sometime and becomes evident when irate customers pass casual remarks like ‘got a king’s job and its inherent right to harass us’! Well cause of their frustrations is understandable, but now they too can cheer since the bank’s staffs are most meagerly paid amongst Govt. Organisations or any Central or most of the State Govt. undertakings. Surprised! But it is true.
Mind you as of now; a General Manager in nationalised bank draws a salary lesser than that of a Section Officer of Central Government! A Probationary Officer of Bank gets lesser salary than a Clerk of Central Government and a Bank Clerk draws lesser than a Peon of Central Government. Most of the State Government employees of similar status enjoy emoluments far better than their counter parts in Banking Industries.
This all is happening while Banking in India is most profitable industry. In all parameters this industry has been doing exceedingly well; be it profitability or productivity. Even with their proposed hike of 17.5%, if agreed by the Government, they will still be placed in the lowest rung in terms of salary amongst all Central, State Government staffs.
The ills of the disparity is already visible, the Banking industry is failing to attract the required level of merits for its work force. Obviously, the more deserving candidates prefer better salary with lesser responsibilities. Greater the responsibilities better the salary- that’s the rule of the game all over the world. But except in Rajiv Gandhi’s great India, bigger the vote bank better the pay package is popular practice of our leaders. But will this be able to pull the nation to desired goal with its financial backbone nursed by third rated merits leading anemic workforce!

International Elder's Day

2009-10-03T19:12:00.001+05:30

As a kid the company of my grandpa or Granma was truly a matter of fun and pleasure. Never had I imagined how it would be when I attain their age. These days in metro cities like Mumbai, Delhi or Kolkata hardly I find the kids in company of their grandpas or Grandmas; instead they seemed to be either towed by their mother or tagged with their father. Not that all the kids have lost their grandparents but definitely lost them from their company. Modern parents do not like their kids to remain in company of elderly people as they think this may drive their wards backwards. After all elders are from older generations. I read about such parental philosophy decades ago prevailing in developed countries like US or some European countries. Looking closer to their social and family networks now I find they no more consider it was right. The elders in most of those countries are neglected now; most of them were modern parents then!
1st of October; my attention was drawn towards an advertisement in the morning newspaper. The ad was not given by any commercial organization but the social welfare department of national and state government. It reminded that the 1st October is being observed as ‘Elder’s day’. Well, the modern consumer oriented society have gifted many days like ‘Teacher’s day, Father’s day, Mother’s day and not to speak of ‘Valentine’s Day’ and they are much hyped by markets. As the market urges to celebrate the occasion with various gifts so the recipients as well as the market remain happy. Contrary to this, the’ Elder’s Day’ ad was not at all hyped by the market; it appears market expects no much of business from this. Hence the market remains cold on this day and so the elders!
All over the world the geriatric populations are increasing in numbers rapidly. The modern medicine is stretching the life span without supporting them. Ironically the life span in most developed countries and extreme underdeveloped countries are quite high; for the former of course because of geriatric care, social security etc. and for the later poorer the development lesser the pollutions; so lengthier the life. Whether long life is a curse or bliss is altogether a different question; thought I still ponder for the answer.
However there is silver lining in the cloud as I found that hoteliers and restaurateur’s association in my city (Kolkata) has decided to offer discount in the current festive seasons on the hotel or restaurant bills of any family accompanied by elder members! Fishing in troubled water; is it!

wage Revision in Banking Industries, India

2009-09-13T22:35:00.003+05:30

Wage revision in Banking Industries is overdue by almost two years now! The dilly dally by Indian Banker's Association for agreeing to a meager hike of even 17.5% appears to be a ridiculous! Where as before election the Central Government and various State Government employees or the employees of various other Public Sector Undertakings were doled out with 30-50% pay hike. Perhaps they were with the view of wooing their votes for ensuing election. Any way , the public sector bank employees have demanded another options for pension, since that was offered once in 1995 and never again. Surprisingly even Reserve Bank of India's employees were offered pension options repeatedly, since it concerns employee's social security. The Indian Banker's Association is ducking this legitimate demand on one or other pretext; that too, when the Public Sector Banks earned around Rs30000 crores during the last fiscal. The amount of bad debts is anything around rupees one lac crores! And for the very political reasons the defaulters are provided covers, as there is no effort from any corner to publish the particulars of the defaulters on non payment of bank loan counts. Obviously, many in power and opposition will be facing embarrassment, as their names are likely to appear in the same list.
Just click here for more information HERE.

I swear I didn't drink

2009-09-10T21:39:00.003+05:30

Under I quote a poem, someone wrote it, I don't know who; but it really forced me to think about the situation the poem suggests. Hope you will share my view.

"I went to a party Mom,
I remembered what you said.
You told me not to drink, Mom,
So I drank soda instead.

I really felt proud inside, Mom,
The way you said I would.
I didn't drink and drive, Mom,
Even though the others said I should.

I know I did the right thing, Mom,
I know you are always right.
Now the party is finally ending, Mom,
As everyone is driving out of sight.

As I got into my car, Mom,
I knew I'd get home in one piece.
Because of the way you raised me,
So responsible and sweet.

I started to drive away, Mom,
But as I pulled out into the road,
The other car didn't see me, Mom,
And hit me like a load.

As I lay there on the pavement, Mom,
I hear the policeman say,
"The other guy is drunk," Mom,
And now I'm the one who will pay.

I'm lying here dying, Mom....
I wish you'd get here soon.
How could this happen to me, Mom?
My life just burst like a balloon.

There is blood all around me, Mom,
And most of it is mine.
I hear the medic say, Mom,
I'll die in a short time.

I just wanted to tell you, Mom,
I swear I didn't drink.
It was the others, Mom.
The others didn't think.

He was probably at the same party as I.
The only difference is, he drank
And I will die.

Why do people drink, Mom?
It can ruin your whole life.
I'm feeling sharp pains now.
Pains just like a knife.

The guy who hit me is walking, Mom,
And I don't think it's fair.
I'm lying here dying
And all he can do is stare.

Tell my brother not to cry, Mom.
Tell Daddy to be brave.
And when I go to heaven, Mom,
Put "GOOD BOY " on my grave.

Someone should have told him, Mom,
Not to drink and drive.
If only they had told him, Mom,
I would still be alive.

My breath is getting shorter, Mom.
I'm becoming very scared.
Please don't cry for me, Mom.
When I needed you, you were always there.

I have one last question, Mom.
Before I say good bye.
I didn't drink and drive,
So why am I the one to die?"

SO BE SAFE........... that's what I can say!

2009-09-03T20:22:00.000+05:30

Spammers and Scammers

2009-08-27T21:47:00.000+05:30

Spammers and scammers are numerous in numbers these days. Not even long past when my mail box use to receive very few spam mails in a week. Sooner they were identified, either deleted or reported spam. Setting you spam filters was another way to get rid of them. But now it seems, spammers are reequipping themselves to bye- pass all your guards and permeating into your mail box and filling them like fungus. Why they are doing so; or what interest them to send such mails; these questions some time may bother you. In fact some of these mails likely to carry virus with them, there are some who thinks that the firms that sell anti-virus software, like the boy in Charlie Chaplin’s movie, first send virus to massacre you computer or program, make a market for their products. But that may not be true; spam or scam mails may have varied purpose, mostly to entice naïve, greedy net users to cheat them by their bank account or credit card or identity frauds. One of the typical spam mail like these :
‘ATTENTION BENEFICIARY,

NOTE THAT WE HAVE DECIDED TO PAY YOU YOUR MONEY THROUGH MONEY GRAM URGENT REMMITTING OFFICE SINCE YOU WAS UNABLE TO RECEIEVE YOUR MONEY THROUGH WESTERN UNION DUE TO THEIR MANAGEMENT BUT NOW WE HAVE SENT YOUR FULL COMPENSATION PAYMENT OF $3.500.000.00USD TO YOU THROUGH MONEY GRAM, YOU WILL BE RECEIVING 10.000.00USD PER DAY, BUT I WANT YOU TO CONTACT THE MANAGEMENT IN MONEY GRAM RIGHT NOW AND ASK HIM FOR YOUR FIRST PAYMENT. HIS NAME IS MR. BROWN BEKO AND ASK HIM TO GIVE YOU THE MONEY GRAM PAYMENT INFORMATION

SO THAT YOU CAN BE ABLE TO PICK UP YOUR FUNDS THROUGH MONEY GRAM WITHOUT ANY PROBLEM. HIS EMAIL ADRESS IS (moneygram772@mail.ru) Phone; 0022998 185 855 AND CONTACT HIM WITH YOUR FULL INFORMATION.

Your name...................
Country.....................
Phone no....................
Address/city................
Age/sex.....................

CALL OR EMAIL HIM NOW SO THAT HE CAN PROVIDE THE MONEY GRAM INFORMATION TO YOU AS URGENT AS YOU CAN.

THANKS AND GOD BLESSING YOU
MR REV UGONNA CHIDOZIE ‘

Or one like this :

新しいメールアドレスをお知らせします
新しいメールアドレス： calvinjohnson200000000000000000@yahoo.co.jp

I am Mr.Calvin Johnson, Director of Foreign Operations of a well-known bank here in the United Kingdom,

I may like you to assist me stand as the Next of Kin to our Late customer Inheritance fund GBP 45,800 M. SEND YOUR NAME,ADDRESS,AGE, OCCUPATION,PHONE AND FAX NUMBER TO CLAIM THIS FUND.

- Mr. Calvin Johnson’

are the ideal sample of the spam mails with ulterior motif.
So beware them.

Psychosomatic Disorder

2009-07-12T19:38:00.001+05:30

Have you heard the term “psychosomatic”? Probably not; if you are not a doctor or in the allied field. This very word originates from Greek word, without getting into nitty gritty it means physical ailments originated from psyche or mind. It means stress may cause several diseases and that is scientifically proved now. Several studies have found the roots of many diseases are within our mind. The stress of day to day life, the unhappy family life, problematic parents, spouse may damage out body metabolism and trigger off certain diseases. In fact emotional stress may cause damage to the person’s immune system and that opens the gate to other ailments. In fact the physical symptoms of psychosomatic trends are visible and merits immediate attentions and treatment to avoid further complications. Unfortunately many still considers these problems are imaginary or can take of themselves. So, these symptoms remain uncared, untreated and despite of early signal many serious illness cannot be avoided.
Let me explain it how. In fact psychosomatic conditions effect differently from person to person. The continuous stress in mind may increase blood pressure to someone but to some other one it may damage the heart or digestive system. In all the cases it may lead to disaster like strokes, heart attacks or liver failure.

Psychosomatic disorders may occur when one goes through continuous stressful condition for a long time. One may suffer from this condition for years with a self destructive attitude or negative attitude towards self. Surprisingly , many of us do suffer from that , even if you don’t think you are one, look around you , there are one out three adults in busy city life.
Giving a patient friendly ear may reduce their stress level; help them whenever possible.

Potato -- All time HIGH !!

2009-07-11T19:19:00.005+05:30

Every in India comes at the cost of common men, where vast majority lives below the poverty line or marginally little above it and the benefit of reforms directly reaches to handfuls few, the majority reels under the launch pad of reform rocket.
With much doll drum the commodity exchange was signaled off few years ago, so that it is accessible to all and sundry and a market regulator was asked to play the role of watchdogs to ensure its smooth running. Certain parameters were set, within which the investors can invest, speculate and the goods or items were identified that could be traded thorough commodity exchange. In fact as most of the goods were traded in Mandis(wholesale markets), so they found passage to commodity exchange too. The result! is devastating; first it was cereals like rice , wheat, next the term was of sugar, now the poor men’s potato! The traders invest and trade for profit and profit is the sole motif, so be it rice or wheat, sugar or potatoes; excessive speculations have skyrocketed the price of these common men’s commodities beyond their reach. Think of those who earn less than five hundred rupees or ten dollars per month; their only vegetable potato is costing around twenty rupees or around 40-50 cents! So far there were only hue and cry over the price rise; at last they could identify the root, the commodity market, where the investors are not interested to release their stock expecting more and more profit with every passing day. Earlier in recent past sugar was identified and for some time it was removed from list of tradable commodity of the commodity exchange, prior to that last year , so far I remember it was rice, now the turn of potato has come. Not that as yet any measure like removing potato from the list of tradable commodity is taken; only thing the government at the center fixed a period of holding stock for potato months ago and that was ignored since there was no circular, now the circular is being circulated. Will this solve the problem for ever? Never, if the potato or sugar or rice had their turn, there are so many others in the queue.
What is surprising this market is the brainchild of open economy regime and where it started there it was tested thoroughly and for all the faltering; remedies were found. Here no one needs to tax his brain to find solutions as they are readily available with the advance economy, only thing with due customization it requires implementation. So, why that is not being done here? Because those who would implement it they are hand in gloves with the profit mongering traders!

Joy Ho India!

2009-07-02T22:52:00.003+05:30

The task of new government in India right now, to meet the expectations of the public. In a country where once a PM told that only 10 per cent of the funds allocated by government for development of public projects really reaches to the public or purpose. Late Rajiv Gandhi, was the PM and he belong to the party which rules now with almost absolute majority. His widow Mrs Sonia Gandhi is the President of the ruling Congress party, can she lead the party, the government to meet the goals it promised before poll.

In Indian democracy, with its unique structure and arrangement, gives freedom to a Cheif Minister of State to spend exchequer's money for putting up her statues all over the states! Unthinkable in any democracy of the world; but here it is a happening thing!So there are many such incidents taking place all over the land of hungry millions; who cares!
Let us see what budget offers/

Pureit - Hindustan Lever in deep water!

2009-06-11T09:14:00.004+05:30

One of the FMCG moguls Hindustan Lever has always been known to manufacture and market the fast moving consumer products like cosmetics, tooth paste, soaps, detergents and many more. In India and elsewhere they have wide network in marketing their products through their network. May be the wind of globalization tempted them to taste the water of other consumer ocean. With the well built brand-name they have, they have started with "Pureit", the water purifier. In all the metro, big, medium and small cities and towns, road shows with their newly launched products drew consumer's attention. I too was one of them in Kolkata. However buying one from one of their dealer, it worked well for first six months. But the trouble started when the battery ( the unit that filters the water) needed a change. Since that is to be replaced by the company itself, as it is not available in the market. I contacted their customer care (however the number is not toll free!), they assured me within 72 hours it would be replaced. In the mean time, the water filter unit "Pureit" stopped dripping any water, rather ran dry! Even after 96 hours there is no sign of their men to replace the unit. I rang up again to their customer service and sought a explanation. They failed to give any; not only that my further inquiry revealed that they don't have the contact number of any responsible executive of the company or the number of their franchise who is supposed to replace the battery!
This the new business venture of Hindustan Lever,that translated to be adventure with bad experience for consumers. They sell soaps and face cream, they sell well, do good business. Why that did not satisfy them is their business; but taking consumers for a ride with their "Pureit" demands an explanation.

Obama, Out Sourcing and Uncle Tom's Cabin

2009-05-13T22:30:00.001+05:30

The recent measures adopted by US president to impose more tax on those companies who outsource labors mainly from India, China or Philippines; may not encourage the company to source their workforce locally. Such measures have been adopted by President to salvage US economy from recession, unemployment et el. He expects this measure will motivate the US companies to offer more employments to Americans; so in turn this will help salvage US economy to some extent. May be it is beyond President Obama’s wild imagination that in India a high skilled engineer can be hired for $2 or less per hour! In US at least $8-10 are paid to unskilled labors per hour. Obviously it will be still attractive to outsource from India than engaging local workforce despite of higher tax burden for US companies. Though slapping more tax will shrink the margin and reduce the bottom line (profit)of the Indian companies. This has been opined by the industry experts.
Well this may be matter of relief for Indian IT companies but there is a matter of grave concern for Indian software engineers or IT personals. Lack of any ethics, due to certain amendments in labor law, most of the Indian or foreign companies having work base in India specially in IT sector are indulging in exploitation of their work force. It is unthinkable elsewhere, barring war fields, any worker is working at a stretch for 21 to 22 hours! Usually working for 12-14 hours per day and without any week end off is not very unusual in this industry. Mind it this out stretched working hours carry no financial benefits; ever now a days with a plea of recession most of the IT companies have withdrawn subsidized Tiffin, lunch and transport facilities.
The spirit of “May Day” , that stands for 8 hours a day work has been thrown away. Surprisingly, none notices! It seems the days of ‘indentured labour” or “slavery” is back again. Let us wait for another best seller like ‘Uncle Tom’s cabin’!

Mayday

2009-05-04T20:37:00.003+05:30

Mayday, the 1st May every year is earmarked as international Labor Day or worker’s day. In fact we associate the Mayday with Haymarket affairs in Chicago, in the year 1886. But it has its root in Australia, where since 1856 “worker’s holiday” concept crystallized. This idea spread across the world. However, later May 1st has been declared “worker’s day” to commemorate the 1886 Haymarket affairs, where to disperse the peaceful rally of workers, police opened fire and killed four of them. It is fallout of achievement in international labour movements and reorganization of 8 hours work-a-day for labour.
How the workers are all over the world? Are they truly free from the bonded laborhood or slavery? The answer is clearly “NO”. The only status of labour is changed not the terms. Of course there are fortunates few, who work in organized sectors, still enjoy the freedom that conferred on them in the spirit of May Day, but vast majorities are deprived of free labour status, either by indirect pressure or under their own compulsions like low wages.
Let us see the new breed of software engineers. Most of them are qualified engineers, earlier they use to be absorbed in managerial or supervisory posts by most of the industries. But now, the biggest employer is software industries and they just take them as tech-labors. In most of the renowned companies they work anything between 10-14 hours a day, without any extra wage and always under peer compulsions. You hear the stories or read in newspaper that many of them developing psychological disorders in short or long run failing to cope up with their demanding job. They make interesting reading but difficult to face as a sufferer or his/her family member.
Not only such stories you find with software industries, almost all the industries have similar stories to tell. So the days of slavery are back again; though in a different way. There is no threat of whip; pink-slip has replaced it.

Ballot Box Vs EVMs

2009-04-29T11:15:00.005+05:30

The ballot box has been replaced with electronic voting machine in India. This is for saving time, quick counting and of course to check the misuse of ballot box system of voting. The modus operendi of false voting is well known to every voting Indian. But could this stop false voting? Perhaps not; in fact it has become easier and more rampant with EVMs; sources say. This takes place with the consent of everybody present in any particular booth. It is heard that some time the agents of contesting parties happily distribute between themselves the number of false votes.

HOLIDAYING WITH GHOSTS!

2009-04-27T19:33:00.000+05:30

Till recently for me holidaying meant few days of outing for travel, rest and recuperation. Well, there are several modes of holidaying like visiting hill stations or sea-shores (beaches) and for more energetic and adventurers; wild life travel or adventure tourism. It came as a surprise when someone told me about ghost hunting tourism. In fact I did not attach much importance to it thinking it might be someone imaginative one’s brainchild to befool people like me. But recently a news paper report vouched for it and I came to know that there are many operators in tourism industry all over the world are gleefully arranging such tours.
There are many haunting castles spread across all over Europe, especially in Britain and East European countries. Each of those haunting castles has their own history to correlate the happenings and there are some records of them.
But in the other side of Atlantic Ocean i.e. America is not lagging behind for their tour operators to sell ‘haunting travels” packages on their own soil. Few famous spots are Decatur in Illinois, what is better known as “Hells Half Acre”; the place earned its ill fame for bootlegging, murders, prostitution, gambling and all the possible vices on the earth. The added feather in the city’s cap is that the city was built on native American’s burial ground. So, it remained haunted forever. Since 1994 the ghost tour programmes in Illinois is flourishing and visitors are neither disappointed. The state of Louisiana, California, San Jose and Massachusetts; all offer such haunting spots for ghost tourism. Sounds interesting? Search the web, you will find some tour operators offering several ghost tours.

Gold is Gold for ever!

2009-04-26T12:59:00.000+05:30

The global recession is not going to recede soon and the current equity rally is likely to fizzle out; the several experts opine this. The trillion dollars package announced by US in G20 summit to counter current global recession may induce inflationary trend in the market all over the world. In this never seen before situation, the obvious question is where to invest? In any situation when the economy of any nation went tumble tosser, gold used to be considered as safe haven for investors. Till recent months this has been true for Indian investors but with dollar price rising high; the gold price is too high to attract investment. Do you know year 2008 was a year of gold! The Indian gold exchange traded funds (ETFs) have given returns around 26.5% ; the highest amongst any asset class that gives return, during financial year 2008-2009. That to when the global economy has been reeling under the pressure of recession.
Now, the gold price touching the new high $1002.2 per ounce during February 2009 now has come down to $864 on 17th Apr. As reports suggest if gold price in the international market comes down below $855, then it may go down further by another $40-50. At that point fresh purchases can be made; in fact there are some commodity experts who feel gold is attractive for investment when it hovers around $855-860 band.
However, this blogger feels gold is gold forever, even when it is old.

Coutering recession

2009-04-22T18:28:00.003+05:30

In India, with the great democratic exercise like election being held in several installments, the fresh measure to counter global recession has been announced by Reserve Bank of India. A fresh cut in the lending rate has been announced hoping to limit inflation rate within 4% and meeting the moderate growth rate at least 6%. Now, industries can seek loans at a cheaper rate. The housing loans will also be cheaper, it is expected. How far current measure offer impetus to demands in housing and other core sectors is still doubtful; as several industrial sources comment. The reason being they say, that though there is a cut in the lending rate but Banks are reluctant to offer fresh advance apprehending further rise of bad assets.

2009-03-31T22:04:00.001+05:30

Indian Scenario

2009-03-14T21:26:00.003+05:30

Indian economy is following the global trend of recession despite of assurances from several quarters that Indian economy would not be hurt. All around slump in demand is perceptible. The first heat of global recession was received in stock market and that followed by demand slump in industrial sectors. The infrastructure, realty, transport and all basic industries linked to them are facing recessionary trend. Thank god! in India "election" and "politics" are also considered most dividend paying industries. Though former being actually the industrial fair and the later remains a matter of industry in true sense.
So, in short run Indian Inc. is bullish about speculative market betting on election results. If you invest wisely (FIIs welcome), you can reap rich dividends in short run.

Indian Trend

2009-02-11T22:09:00.003+05:30

The deep recessionary trend world wide is taking its toll in developed as well as developing countries. If recession has put thousands of people out of employment in the recent history of United States; so with many other countries in the developed word. The developing countries like Russia, Brazil, China and India are yet to feel the full blown pinch. But the sinister sign is everywhere visible. In India, already the there is slump in demands in infrastructure, automobile, steel sectors are visible. Not mention about information technology sector, India's most emerging and earning in terms export sector. This year number of companies have stopped fresh recruitment, many have shown the pink chits to their employees, albeit in a limited scale. But the uncertainty in future is a certainty now! Every pundit or Guru is forecasting India's growth slump in tandem with global recession.

ACADEMIC ARTICLES, DISSERTATIONS

2009-01-23T11:04:00.002+05:30

As a blogger, sometime I get immense satisfaction to read your comments. In fact it was my son who encouraged me to blog years ago. I started half-heartedly, knowing not what to write. Later I picked up my subjects. Writing blog turned me to a writer , even without my knowledge! Now I can call my self a professional writer. A piece of academic article I have published in my other blog "BUGULE". It is published in three installments. The title of the article is " Blood transfusion and hepatitis B". Here I give the link of concluding part of the article. The article is written in Harvard style, the references are given below, in case you need.

If you are interested to order for such or any article for submission to your University, term, High School projects; you can write to : kamalkali1962@yahoo.com

References for the articles : BLOOD TRANSFUSION AND HEPATITIS B

Reference

Alberti, A., Chemello, L. & Benvegnu, L. (1999). Natural history of hepatitis C. J Hepatol 31, S17–S24.

Alexopoulou, L., Holt, A. C., Medzhitov, R. & Flavell, R. A. (2001). Recognition of double-stranded RNA and activation of NF- B by Toll-like receptor 3. Nature 413, 732–738.

Alhababi F, Sallam TA, Tong CYW.2003: The significance of “anti-HBc only” in the clinical virology laboratory. Journal of Clinical Virology.27:162-169

Busch MP. 1998. Prevention of transmission of hepatitis B,
hepatitis C, and human immunodeficiency virus infections
through blood transfusion by anti-HBc testing.
Vox Sang;74 Suppl 2:147-54.

Carman WF, Mimms LT. 1997. Pre-S/S gene variants of hepatitis
B virus. In: Rizzetto M, Purcell RH, Gerin JL, Verne G,
editors. Viral hepatitis and liver disease. Torino, Italy:
Edizioni Minerva Medica; p. 108-15.

Caspari G, Beyer HJ, Elbert G, Koerner K, Muss P, Schunter FW, Uy
A, Gerlich W, Thomssen R, Schmitt H. 1989. Unsatisfactory specificities
and sensitivities of six enzyme immunoassays for antibodies
to hepatitis B core antigen. J Clin Microbiol 27:2067–2072.

Carman WF. 1997. The clinical significance of surface
antigen variants of hepatitis B virus. J Viral Hepat;
4 (Suppl 1) : 11-20.

Douglas DD, Taswell HF, Rakela J, Rabe D. 1993. Absence of
hepatitis B DNA detected by polymerase chain reaction in
blood donors who are hepatitis B surface antigen negative and
antibody to hepatitis B core antigen positive from a United
States population with a low prevalence of hepatitis B serologic
markers. Transfusion ;33 : 212-6.

Grob P, Jilg W, Bornhak H et al.2000: Serological pattern ‘Anti-HBc alone’: Report on a workshop. Journal of Medical Virology. 62:450-455
Ganem, D. & Prince, A. M. (2004). Hepatitis B virus infection – natural history and clinical consequences. N Engl J Med 350, 1118–1129.

Hoofnagle J H, Seef LB, Bales ZB, et al. 1978. Type B hepatitis after
transfusion with blood containing antibody to hepatitis B core
antigen. N Engl J Med : 298: 1379-83.

Heil, F., Hemmi, H., Hochrein, H., Ampenberger, F., Kirschning, C., Akira, S., Lipford, G., Wagner, H. & Bauer, S. (2004). Species-specific recognition of single-stranded RNA via toll-like receptor 7 and 8. Science 303, 1526–1529.

Hennig H, Puchta I, Luhm J, Schlenke P, Goerg S,
Kirchner H. 2002. Frequency and load of hepatitis B virus DNA
in first-time blood donors with antibodies to hepatitis B core
antigen. Blood; 100 : 2637-41.

Jongerius JM, Wester M, Cuypers HT, van Oostendorp WR,
Lelie PN, van der Poel CL, et al. 1998. New hepatitis B virus
mutant form in a blood donor that is undetectable in several
hepatitis B surface antigen screening assays. Transfusion
; 38 : 56-9.
Kirchner H. 2002. Frequency and load of hepatitis B virus DNA
in first-time blood donors with antibodies to hepatitis B core
antigen. Blood; 100 : 2637-41.

Kleinman SH, Busch MP. 2001. Hepatitis B virus amplified and
back in the blood safety spotlight (editorial). Transfusion
;41:1081-5.

Lok, A. S. & McMahon, B. J. (2001). Chronic hepatitis B. Hepatology 34, 1225–1241.

Lund, J., Sato, A., Akira, S., Medzhitov, R. & Iwasaki, A. (2003). Toll-like receptor 9-mediated recognition of herpes simplex virus-2 by plasmacytoid dendritic cells. J Exp Med 198, 513–520.

Lee WM. 1997. Hepatitis B virus infection. N Engl J Med;
337 : 1733-45.
Moretta, L., Bottino, C., Pende, D., Vitale, M., Mingari, M. C. & Moretta, A. (2005). Human natural killer cells: molecular mechanisms controlling NK cell activation and tumor cell lysis. Immunol Lett 100, 7–13.
Roche B, Feray C, Gigou M, Roque-Afonso AM,
Arulnaden JL, Delvart V, et al. 2003. HBV DNA persistence 10
years after liver transplantation despite successful anti-HBS
passive immunoprophylaxis. Hepatology; 38 : 86-95.

Rachel White, Keith R Perry. 2003,,ORTHO HBc ELISA Test System, MHRA evaluation report 0318,Nov, Norwich, UK. web : http://www.hpa-midas.org.uk/documents/reports/anti-core/MHRA_03138%20(Ortho%20anti-HBc).pdf
Schreiber GB, Busch MP, Kleinman SH, Korelitz JJ. 1996: The
risk of transfusion-transmitted viral infections. The
Retrovirus Epidemiology Donor Study. N Engl J Med;
334 : 1685-90.

Saraswat S, Banerjee K, Chaudhury N, Mahant T,
Khandekar P, Gupta RK, et al. 1996. Post-transfusion hepatitis type
B following multiple transfusions of HBsAg-negative blood.
J Hepatol; 25 : 639-43.

Tsai S, Liaw Y, Yeh C, Chu CM, Kuo GC. 1995. Cellular immune
responses in patients with dual infection of hepatitis B and
C viruses: dominant role of hepatitis C virus. Hepatology
; 21 : 908-12.

Torii N, Hasegawa K, Joh R, Hayashi N. 2003. Configuration and
replication competence of hepatitis B virus DNA in
peripheral blood mononuclear cells from chronic hepatitis
B patients and patients who have recovered from acute selflimited
hepatitis. Hepatol Res; 25 : 234-43.

White R, Delieu E, Perry KP, Parry JV.2003: Four anti-HBc assays. Medicines and Healthcare products Regularoty Agency:MHRA 03136.

White R, Petty KP, Parry JV.2003: MONOLISA anti-HBc PLUS assay. Medicines and Healthcare products Regulatory Agency: MHRA 03137.
Zervou EK, Dalekos GN, Boumba DS, Tsianos EV. 2001.
Value of anti-HBc screening of blood donors for prevention
of HBV infection: results of a 3-year prospective study in
Northwestern Greece. Transfusion; 41 : 652-8.

Satyam : the cheat!

2009-01-15T20:53:00.004+05:30

Satyam is a national shame! The recent submission by their promoter and Chairman Mr Raju of the frauds he committed to the tune to Rs 7800 crore has tarnished the image of India Inc. But it is not limited to that alone, it has taken a huge toll in the confidence of investors and public in general. What is it? How come a corporate house, regularly being audited can cheat the public, their clients, the global market as a whole? Does it mean that a single man can take still the gullible public in general for a ride, if he is influential or moneyed!

The name of PWC or Price Water Coopers, their auditors who has been auditing them for years, has been indicted. Well that is also a corporate house, how about the Government agencies; say the income tax, the service tax, the sells tax authorities? Have they been sleeping. Styam has shown inflated profit, inflated sells; they must have accrued inflated tax liabilities, why not that has been checked?

Will our Government answer?

Who the Pirates are?

2009-01-06T19:55:00.003+05:30

A recent news attracted my attention regarding piracy off the Somalian Coast. In fact, off late there were lot of furor over sea piracy by Somalian pirates and world community taking cognizance of the alarming situation have stared patrolling the Somalian coast to safeguard their cargo ships, what are usually the pirate's targets. But the latest news from "The Independent" suggests that Somalian marine life is devastated by European nuclear dumps carried out stealthy. Since 1991, there is no government in Somalia, this offered a free hands for the European countries to get rid of their nuclear waste by getting them dumped off the Somalian coast. This is cheap, merits no compensation and done by Italian mafias secretly. Initially thousand of lives have been lost in the coastal areas of Somalia due to nuclear contamination . The radiation from nuclear waste caused havoc damage to the human and marine life . Looting of sea fishes by European trawlers from the Somalian coast has left it almost devoid of marine life by this time. The sea water contains heavy and toxic metals like lead, mercury and cadmium to dangerous level! Surprisingly this is known to the European Unions but they prefer to keep mum.

In Somalia, the pirates are considered as sea guards without their military uniform. Of course they agree there are real pirates with the sole purpose of looting but it all started to stop the loots by European community.

Economics and Politics

2008-12-21T10:19:00.003+05:30

The current economical environment worldwide is not stable, whatever encouraging news may pour in. In India, our leaders and their Babus are all set to misguide the public in general as if everything is under control, the inflation, the industry and the growth story. But keep in your mind ,it is the poll ahead. So the rosy pictures are drawn to make you believe so you bring them back to power. The demand slump cut downs the price of goodies or consumer durables. The car price is low, the flat price is getting flatter, since there is no taker. Who are those investing in real estates? They are not looking for the roof over their heads but just perking their funds for faster and safer appreciation. So for you and me it may be the better time to look for a roof over head. But mind you , the flat which you and me can buy are not cheaper yet; neither the price of rice, wheat or vegetables or anything for our every day consumption. So keep your funds safe, may be there are far more grim days ahead! The interest rate on bank deposits are being lowered, so you turn to the capital market again. Sensex is looking up, probably some institutional investors being asked by the power that may be for jacking it artificially up till they can. Do not get caught in the trap.

Curtain rods & Wrought iron

2008-12-09T20:22:00.000+05:30

Furnishing and furniture have been people’s fascination ever since. There are people, who keep buying the antique furniture, but they are very costly, not all can afford. And as the New Year is coming so you must be planning to buy something new, may be you want to change the furniture you already have in your rooms. So go to http://www.wroughtironhaven.com ,this is your online portal for Wrought Iron furniture. You will get all types of furniture here, this is a web store where from you can get all modern and cost effective furniture. Well in the ensuing New Year, give a touch of wrought iron furnishing to your home. It is equally stunning in beauty like those antiques, what you miss. There are 1300 items in this online store. They include some of the unique items not exactly furniture but fixtures or furnishing items, better you can call them. One of their specialties is their curtain rods; it is unique! Besides the home furniture there are garden gate for you furnishing your garden. Then there are war era curtain rods; want to see what it is? Just log into their site and know more about it. You will find in this online shop, sturdy and attractive furniture like iron beds, ornamented iron, wall hooks, wine racks, wrought iron wall décor, candle holders, towel racks, cast iron and more. Look for their amazing drapery rods; they are captivating!
These all furniture are American made and hand welded wrought iron products. You can think of buying them for gifting to someone you love. The coming Christmas and New Year is going to give you the perfect opportunity to gift one. When you gift any one with anything wrought iron, it obviously be a pleasant surprise. So, surprise them; go log into the site of Wrought Iron Heaven.

The Saving and Loan crises in 1989

2008-11-30T00:18:00.000+05:30

The “Black Monday” in 1987 was followed in quick succession by two more crises in US economy till the advent of new millennium. The Saving and Loan crises in 1989 and thereafter the Long Term Capital Bailout in 1998; were the two turmoil that rocked the US economy.
In US, like banks, savings and loan institutions accept deposits from public and offered mortgage loans to them. They are in the business since 1800s and remained under strict regulation till 1970s. In late 70s, new competitors, Money Market Funds started offering higher interest rate than S&Ls. The S&Ls sought deregulations to offer higher interest rate and more loans from government; what they got. It was something like handing in babies with shot-guns.
The 1980s real estate boom saw many S&Ls grew so fast as never before! Their speculative assets grew faster than ever. Loans granted against superficially priced properties brought many S&Ls prospects down, even to dooms! It was due to huge payment defaults by borrowers. By 1987, believe it! 505 S&Ls went bankrupts. The depositor’s money with F&Ls was guaranteed by Federal Savings and Loan Insurance Corporation (FSLIC). But the enormity of amount turned FSLIC itself bankrupt! By 1995, half of the total F&Ls in US, totaling 747 went bankrupt.
It was in 1989, the newly elected President George H.W. Bush bailed out F&Ls, dolling out $153 billion dollar. Out of which $124 billion was tax payer’s money. This saw dissolution of FHLBB and the FSLIC and replaced by other regulatory bodies while seeking recourse.
While the F&L crises were on, seed of another crisis was planted. Legendary bond trader John Meriwether founded his own hedge fund leaving Salomon Brothers. A man of his stature attracted top financial minds of his time. He could raise $1.25 billion as capital to start with for his newly established Long Term Capital Management Meriwether. It was commonly known as LTCM and its mantra was scientific way of leveraged arbitrage.
This was primarily a Hedge Fund; how it brought about another Wall Street crash in 1989 is another story. It will be discussed in the next article.

Global meltdwon in 1987 and there after

2008-11-23T21:13:00.004+05:30

After the Wall Street crash in October 1973 due to unprecedented surge in crude oil price; there was lull for little more than a decade. The Wall Street rocked again on October 19th, 1987,the Monday. The US stock market indices, the DOW Jones Industrial Average lost 508 points. That means on a single day the stocks lost 22.6% of their values! This day was also termed as another “Black Monday”.
Two of the potential culprits behind this crash were identified. One was, as the gift technology; the program trading and other a new financial hedging method called portfolio insurance. Both of them together caused the sharp fall of stock prices for massive sell offs. Of course there other factors like US trade deficit, weakening of dollar and overvaluation of stock values played its roll with investor’s sentiments. But in a single day, a fall that sharp could never take place unless the traders used computers for stock trading. Program trading is that when a trader can book order to sell or buy stocks on a predetermined price. Say, you can sell a stock when it falls to certain price. So, a situation arose when stock price dropped to certain level and huge sells were automatically triggered by computer trading system. That flooded the market with sell orders, which furthered the drop of prices steeper.

The portfolio was mooted by two young professors Hayne Leland and Mark Rubinstein from Berkeley. They contrived a way to insure portfolio investments of stocks similar to the way other assets are insured. They claimed that for a price like insurance premium, their trading system can provide protection to portfolio investment that will never lose more than a pre-set amount. A new financial instrument was called derivatives brought into the game. Generally people buy a stock and sell the same. When they sell at a price more than their purchase price, they profit. When they sell at a lower price than their purchase price they lose. That has been the rule of the game for centuries. Derivatives let you speculate a future price without actually buying them. Say, you buy a stock a week from now for $5. After a week if the price of the same stock is more that $5 you gain, if it is lower than $5, you lose. Mind you, at no point of time you actually hold the stocks.
With portfolio insurance, say, you have bought stocks worth $1000 and you wish to safeguard the value of the stocks say for a week. Then you sell a future contract and that would work in the way as stated earlier. But as simply it is stated, it is not that. The promulgators of portfolio insurance could not foresee that at the time of panic selling there is no buyer! So, the system simply does not work. This caused the crash on “Black Monday” October the 19th.
The market learned a lesson from this crash. In the computerized trading system "circuit breaker" was introduced, to arrest free fall of stock prices. That is observing a brief pause during trading hours in a day. There were few more preventive measures evolved over the time. It will be discussed in the next article.

1973 Oil Crises

2008-11-21T23:05:00.006+05:30

Readers, sorry for inconvenience! It is due to some technical draw back I needed to shift the article '1973 Oil Crisis'. please click HERE for "The Ramadan War and Oil crises".

Flat Belly Diet

2008-11-21T19:23:00.005+05:30

Many young women with bulging waist line get frustrated trying with diet and exercise. At last they give up and leave it in the hands of fate! Obviously, their tummies keep ballooning. So were their worries too. If you are one of them or just worried about the bulging belly, there is good a news for you. The editor of Prevention Magazine, after through research, developed a diet that helps you to control your bulging tummy and turn it to flat belly. There is no exercise, just a diet; called Many young women with bulging waist line get frustrated trying with diet and exercise. At last they give up and leave it in the hands of fate! Obviously, their tummies keep ballooning. So were their worries too. If you are one of them or just worried about the bulging belly, there is good a news for you. The editor of Prevention Magazine, after through research, developed a diet that helps you to control your bulging tummy and turn it to flat belly. There is no exercise, just a diet; called Flat Belly Diet does the job. In fact the study found eating healthy fat i.e. MUFAs or Monosaturated Fatty Acids with every meal cuts down your belly fat. This decreases your risk of heart trouble as well. Prevention magazine is looking for select group of women who would like to try the Flat belly diet free. If you are eligible, you get a free copy of Flat Belly Diet book, 1 year free membership in their success story club, you can blog about Flat Belly Diet and you get the first look at exclusive Flat Belly Diet videos. Sound interesting? Just log into their site and grab the opportunity. does the job. In fact the study found eating healthy fat i.e. MUFAs or Monosaturated Fatty Acids with every meal cuts down your belly fat. This decreases your risk of heart trouble as well. Prevention magazine is looking for select group of women who would like to try the Flat belly diet free. If you are eligible, you get a free copy of Flat Belly Diet book, 1 year free membership in their success story club, you can blog about Flat Belly Diet and you get the first look at exclusive Flat Belly Diet videos. Sound interesting? Just log into their site and grab the opportunity.

The Great Depression!!

2008-11-18T22:56:00.008+05:30

>A shanty town ship " Hooverville"
A mother of seven, aged 32 years only, photo taken in 1930s
Wall Street crash! Wall Street gone tumble tosser, consumers cut down their expenses pulling down the demands. Industries started layoffs, to cut down expenses. The demand further plunged due to escalating unemployment rate. So the Great Depression crept in.
The debtors could not repay their loans, banks began to fail. The depositors lost money; there was no deposit insurance in 1930s, as of now. 744 banks failed in the first ten months of 1930 losing $140 billion. Can you imagine, before the decade was over around 9000 banks failed in America!
Do you know what Hooverville, Hoover blanket, Hoover Flag, Hoover soup meant? In US during that turbulent time Herbert Hoover was the president. The battered people; who sold their houses and started living in shanties; created townships which were known as Hooverville. To brave the wintry cold they covered themselves with news papers, called Hoover blankets! They used to turn an empty pocket inside out, called Hoover flags! The poor in restaurants used to pour ketchups, salt, pepper into their water, called Hoover soup!So; you can imagine how the life was! That was the great depression.

Things took a better turn in 1933 when Franklin D. Roosvelt became president. He initiated new measures like work relief program for the unemployed, financial aids to farmers and business men. He fixed the minimum wages and maximum weekly working hours. Roosvelt encouraged trade unions and made business to work with government. However, restoration to normalcy took years , till the 2nd World War.

Gobal meltdown and aftermath !! 1929 Crash

2008-11-16T10:49:00.002+05:30

The devastation of First World War and technological progression both together offered a great opportunity of investments and employments in 1920s. That ushered great optimism in the Wall Street as well. Most of the American participated in stock market speculations and investments. You could buy the stock at a fraction of their prices, called “buying on margin”, the rest borrowing from brokers. Obviously share prices sky rocketed. Again the old rule “what goes up must come down” worked. Unfortunately; what went up struggling for number of days; came down in three days! That was the crash. It was on October the 24th, 1929 famous as “Black Thursday”; a massive sell off took place. The volume of trading was more than triple. The price came tumbling down. This time again Richard Whtney of J.P. Morgan and company tried to rescue the market, he started buying the shares aggressively. The downfall halted for time being. The market looked up on 25th, the Friday. On 26th, the Saturday (then trading use to held on Saturdays as well) the prices went a little down. The market opened on Monday, October 28th, 1929 and fell by 13%, that Monday is remembered as “Black Monday”. Next day, the Tuesday it fell further by 12%, it took the nick name as “Black Tuesday”. Rockefeller family and C. Durant of General Motors stepped in to boost the market, but failed. That week the market incurred heaviest losses to the tune of $30 billion, more than the amount US paid during First World War.
The down slide continued till 1932, the market dropped hooping 89% and it took almost 25 years thereafter, to recover!
So, this followed the Great Depression; that is another story.

GLOBAL MELTDOWN & THEREAFTER !

2008-11-15T00:10:00.001+05:30

What goes up that comes down; this old adage is still valid. We all know that. But when it makes a free fall, then it crashes. This exactly happened in the all major stock markets all over the world, the Wall Street took lead. Thank god! History of Wall Street suggests what comes down crashing, stands up sooner or later. Sooner the better and worse the later; this is true with the recovery, as witnessed, no less than ten crashes, in the last century. Let us recapitulate what we have seen in the last century. Since it is going to be a long narrative, I shall write it in few installments. Hope you will hold your patients.
The first financial crash Wall Street witnessed in last century was in 1907. The New Year saw Wall Street in very depressed condition. The stocks were traded at 25% lower prices. It was due to tight money supply condition. At that time Otto Heinze came with a get-rich-quick scheme. He was joined by his brother Augustus Heinze, who was a copper magnet. Finally the triumvirate was formed when ice-king Charles W. Morse (mind you; they were pre refrigerator days, when ice were sold!) joined them. They started buying aggressively the stocks of United Copper. They thought they would turn copper into gold! With their plan they failed miserably and with them failed are those who financed them; the banks, the trusts. Banks went bankrupts as depositors ran to withdraw their money, sooner they got even slight inklings or heard rumors that those had links with the trio. In less than two weeks 9 banks and trust companies went bankrupt. The panic struck, public lost faith in the banking system. There was no deposits insurance in those days. With the banks going bankrupts, ordinary people lost their life’s savings! United States had no central bank at that time.
Do you know who came forward to bail out American economy at that time? It was JPMorgan, the 70 years old financier, who made the presidents of 50 trust companies agree to contribute $25 million each as loan. This rescued American economy from the 1907 crises. The American government woke up! Foreseeing the absence of JPMorgan like personality could cause the disaster, formed the Federal Reserve System. What we call now US Fed!

Obama in Bush !

2008-11-13T17:46:00.002+05:30

There has been a short break from blogging for me. The reason for this I have explained in my other blog BUGULE. In case you are interested you can have look there. What I gathered from this short break is the current hot selling topics in the web marketing while global recession is setting in. In US and other developing economies lot many people are considering going for insolvency for their unpaid loans. The avenues available for them better than bankruptcy is the point of hot discussions. Many individuals and agencies are entering into this business; with a license from the concerned authority they are acting as debt consultants. Even for the lenders they show the way; that where the recovery of their funds is remote possibility, there are alternatives available for them to get back some of their money at least.
US housing scam deluged their own banking system, towing others too. The measures of bailing out the faltering banking and insurance majors, is appealingly temporary solution. None of them are getting doles, but loan on high interest. It is doubtful that they will ever be able to repay their dues what will accrue interest @11%! Anyway there is no better face saving measure for the ruling US government, especially at the time of ensuing election. But Mr. Bush is leaving White House with Obama in a bush, if not in woods. It is a tough journey ahead.

The avalanche in Wall Street

2008-10-26T12:54:00.002+05:30

The avalanche in Wall Street and burses all over the world is the sole point of discussions everywhere. In fact poor are bearing the burnt when they go to the market and fail to understand what relation the price of rice or cooking oil has with the stock market. So the middle class are, though most of them have burnt their fingers while participating directly investing in equities or through the mutual funds route. The worst sufferers are Americans, though the sub-prime crisis was initially caused by those who took loans but failed to pay. It is obvious that they have spent the money for procuring more goodies or using it for speculative purpose. But now their speculation having turned out to be abysmally wrong, many of them are filing for insolvency or bankruptcy taking with them till date no less than dozens of reputed bankers. The current symptoms suggest another great depression like 1929-30s is surfacing fast. Though the socialistic measure of pumping exchequers money into the banking system has been adopted by the world’s capitalistic champions like United States, England, German, Iceland and others, any positive signal is yet to elicit. Usually, what is found that when the stock market goes down, the commodity and bullion or crude market go up. But this time all are vying with each other to touch the bottom! Some effects sound good, like lowering of crude price beyond any speculative vision. But at the same time the metal index seeking bottom is alarming. The demand of steel, copper, zinc or any other metal when goes down, it indicates the related industry is going through a demand slump. This follows closure, lay –offs in industrial circle, causing unemployment all over, that results in recession with ever increasing trend.
What we are surprised to note, even now, lot many experts or investment Gurus, or economists are suggesting and foretelling different measures and outcomes. Even before their views are re-telecasted, most of them are turning worthless. So we wait to see what awaits in future with utmost uncertainties.

Oil and Hormuz Strait Pt………III

2008-10-11T18:12:00.001+05:30

Earlier I discussed about the strategic importance of Hormuz Strait in relation to global oil supplies. It is equally sensitive to political developments in any of those counties surrounding it, specially Iran. There is an alternative transportation route for oil bypassing this strait out of gulf region. The route is 1190 Km (745 miles) long East-West Pipelines through Saudi Arabia stretching to Red Sea. But this pipe line at best can handle five million barrels per day, that makes one third of the oil what oil tankers can handle. So, additional capacity is required to be created but that would increase the transportation cost. At the same time the pipe line would relieve the strait of its heavy tanker’s traffic and hazards involved. But this move will be unwelcome by many Gulf States , since this will benefit the Saudi Arabia, as it will receive the transit fees for the oil transported, paid by them.

There are reports, that Iran threatened closure of the Strait of Hormuz is a global threat. Global energy security is at stake under such threats, like closure, blockage or barricading even for a temporary period. Any such move ever comes true that will take one quarter of total global oil supplies out of the market. Obviously the oil price will surge and may touch the level of zenith
It is estimated that total global oil reserves of crude oil is about 170-180 billion tones. At the current level of production they are likely to last for another 40 years. The oil reserves are highly concentrated, about 65 per cent of global oil reserve is in the gulf region. Saudi Arabia alone has 25 per cent of global oil. The oil fields are aging and no major oil province that is commercially viable has been discovered for the past three decades. The productions form the existing fields are declining day by day. Though the major consuming countries are looking for alternative source for their oils, but the Gulf Countries will ever remain the main source of oil shipments. So the Strait of Hormuz will require rationalize use as the most important chokepoint. Any political uncertainty over the strait may pose serious problem for shipment of energy form the Persian Gulf.
Historically, the Straits have been protected by international law as points through which all nations may navigate. In 1982, the Law of Sea Conventions further protected the international access for nations to sail through the straits and canals and even ensured that these passageways are available as aviation routes for all nations. For obvious reasons the law gained the international acceptance. Straits are gifts or nature , or facts of geography irrespective of their rulers, regimes, ideologies, political systems and governments and every nations have the right to access them for their energy security , trade and commerce. It is the sheer responsibilities of International communities to maintain rule of law, and that for Strait of Hormuz as well.

Concluded

Airsoft Rifles

2008-10-04T18:34:00.000+05:30

Do you take interest in airsoft sports? Are you a airsoft player? If so, then obviously you must be looking for the best airsoft accessories. You can end your search at www.eastcoastairsoft.com, it is site that deals in everything related to airsoft. Any airsoft player would cherish to have a “Airsoft Rifles” and you find the best here. You get on the site a full display of the items with details and price there. For airsoft rifle you get LPEG, AEG,MPEG, Gas, Spring variety. Airsoft Guns is another thing what most of the airsoft players do look for. You get all sorts of guns there. The high quality guns and rifles or anything you buy form the site are 100 per cent guaranteed. So you can be sure of the quality of the products. You must be 18 years of age to buy the gun. All their guns come with orange tip, as required by law. So please do not remove the tip, without this tip the guns do not carry any warranty cover.

The US Rescue Package!

2008-10-04T17:56:00.004+05:30

The Bush Government's rescue operation through legislation of bill to address the current avalanche in US economy, may be a welcome relief but not a solution. This is observed by the George Soros, the investment Guru.
Here is what Geroge Sores wrote about the rescue package in Financial Times.com :

The emergency legislation currently before Congress was ill-conceived – or more accurately, not conceived at all. As Congress tried to improve what Treasury originally requested, an amalgam plan has emerged that consists of Treasury’s original Troubled Asset Relief Programme (Tarp) and a quite different capital infusion programme in which the government invests and stabilises weakened banks and profits from the economy’s eventual improvement. The capital infusion approach will cost tax payers less in future years, and may even make money for them.

Two weeks ago the Treasury did not have a plan ready – that is why it had to ask for total discretion in spending the money. But the general idea was to bring relief to the banking system by relieving banks of their toxic securities and parking them in a government-owned fund so that they would not be dumped on the market at distressed prices. With the value of their investments stabilised, banks would then be able to raise equity capital.

The idea was fraught with difficulties. The toxic securities in question are not homogenous and in any auction process the sellers are liable to dump the dregs on to the government fund. Moreover, the scheme addresses only one half of the underlying problem – the lack of credit availability. It does very little to enable house owners to meet their mortgage obligations and it does not address the foreclosure problem. With house prices not yet at the bottom, if the government bids up the price of mortgage backed securities, the taxpayers are liable to loose; but if the government does not pay up, the banking system does not experience much relief and cannot attract equity capital from the private sector.

A scheme so heavily favouring Wall Street over Main Street was politically unacceptable. It was tweaked by the Democrats, who hold the upper hand, so that it penalises the financial institutions that seek to take advantage of it. The Republicans did not want to be left behind and imposed a requirement that the tendered securities should be insured against loss at the expense of the tendering institution. The rescue package as it is now constituted is an amalgam of multiple approaches. There is now a real danger that the asset purchase programme will not be fully utilised because of the onerous conditions attached to it.

Nevertheless, a rescue package was desperately needed and, in spite of its shortcomings, it would change the course of events. As late as last Monday, September 22, Treasury secretary Hank Paulson hoped to avoid using taxpayers’ money; that is why he allowed Lehman Brothers to fail. Tarp establishes the principle that public funds are needed and if the present programme does not work, other programmes will be instituted. We will have crossed the Rubicon.

Since Tarp was ill-conceived, it is liable to arouse a negative response from America’s creditors. They would see it as an attempt to inflate away the debt. The dollar is liable to come under renewed pressure and the government will have to pay more for its debt, especially at the long end. These adverse consequences could be mitigated by using taxpayers’ funds more effectively.

Instead of just purchasing troubled assets the bulk of the funds ought to be used to recapitalise the banking system. Funds injected at the equity level are more high-powered than funds used at the balance sheet level by a minimal factor of twelve - effectively giving the government $8,400bn to re-ignite the flow of credit. In practice, the effect would be even greater because the injection of government funds would also attract private capital. The result would be more economic recovery and the chance for taxpayers to profit from the recovery.

This is how it would work. The Treasury secretary would rely on bank examiners rather than delegate implementation of Tarp to Wall Street firms. The bank examiners would establish how much additional equity capital each bank needs in order to be properly capitalised according to existing capital requirements. If managements could not raise equity from the private sector they could turn to Tarp.

Tarp would invest in preference shares with warrants attached. The preference shares would carry a low coupon (say 5 per cent) so that banks would find it profitable to continue lending, but shareholders would pay a heavy price because they would be diluted by the warrants; they would be given the right, however, to subscribe on Tarp’s terms. The rights would be tradeable and the secretary of the Treasury would be instructed to set the terms so that the rights would have a positive value.

Private investors, including me, are likely to jump at the opportunity. The recapitalised banks would be allowed to increase their leverage, so they would resume lending. Limits on bank leverage could be imposed later, after the economy has recovered. If the funds were used in this way, the recapitalisation of the banking system could be achieved with less than $500bn of public funds.

A revised emergency legislation could also provide more help to homeowners. It could require the Treasury to provide cheap financing for mortgage securities whose terms have been renegotiated, based on the Treasury’s cost of borrowing. Mortgage service companies could be prohibited from charging fees on foreclosures, but they could expect the owners of the securities to provide incentives for renegotiation as Fannie Mae and Freddie Mac are already doing.

Banks deemed to be insolvent would not be eligible for recapitalization by the capital infusion programme, but would be taken over by the Federal Deposit Insurance Corporation. The FDIC would be recapitalised by $200bn as a temporary measure. FDIC, in turn could remove the $100,000 limit on insured deposits. A revision of the emergency legislation along these lines would be more equitable, have a better chance of success, and cost taxpayers less in the long run.

2008-09-29T19:53:00.001+05:30

2008-09-25T17:57:00.001+05:30

Oil and Hormuz Strait pt..........II

2008-09-23T19:55:00.003+05:30

The importency of Hormuz Strait is understandable in the following statement – practically the entire oil from Bahrain, Iran, Iraq, Qatar, Saudi Arabia and the United Arab Emirates are transported through this. About two fifth of all globally traded oil are transported through it. About 80 per cent of all Japanese oil imports transit through it and the same is applicable for 12 per cent of total American oil imports & 25per cent of total Western European oil imports. A reliable estimate predicts that by 2020 the amount is likely to double than what is transported currently, i.e 35 million barrels per day. That will require about 30 tankers each day. Though the strait is 95 km wide, but only to two 3 km wide channels are available for navigation. Each used exclusively for inbound and outbound traffic. If the prediction comes anywhere near to reality then the traffic will be hazardous and extremely slow. Congestion and prolong delay will be a matter of fact. It may be difficult to handle the volume of traffic by the Hormuz strait.
With environmentalists who are vocal about the future of Gulf area, the Strait of Hormuz is becoming more politically sensitive area day by day. Extremely limited sea channel may be affected by oil spill. It would be a catastrophe to marine life as well as to human life in surrounding countries like Iran, Oman and UAE. None of these countries is self sufficient in food production. The water of this Straight is used after desalination. Contamination of this water would pose a major health hazard to the inhabitants of these countries. Protection of environment in this strait is a matter of prime concern for these countries. On the other hand global oil security is much dependant on the navigability of the Straight of Hormuz. Maintaining the balance is stupendous task, since everybody`s baby is nobody`s baby.

(To be continued................)

Oil and Hormuz Strait

2008-09-21T16:06:00.003+05:30

Do you have any idea what in the terminology of transport geography `CHOKEPOINTS’ are? Straights are called `Chokepoints’ because they limit the capacity of sea passage that cannot be easily bypassed. Two thirds of world`s oil production are transported by sea routes. This has been in continuance since 1878, when the first oil tanker began shipping oil in the Caspian sea. Ever since the world`s maritime tanker fleet has grown substantially to become a specialized segment of the maritime industry. Like seven wonders, seven seas, seven days; the seven `Chokepoints’ through which oil is transported play a very crucial role, maintaining the global oil demand- supply equation and obviously the price! The seven `Chokepoints’ or straights are, Hormuz, Malacca, Bab el-Mandab, Boshphorus, Gibraltar, Panama and Suez. While the last two are manmade, rest all are gifts of nature.
The world`s most important chokepoint is the Strait of Hormuz. This is the most important sea passage from the Persian Gulf. The 180- km strait links the Gulf with the Gulf of Oman and the Arabian Sea. It is 55-95 km wide and separates Iran from the Arabian Peninsula. Iran controls the Strait`s northern coast, while Oman and the United Arab Emirates own the southern coast.
This straight carries practically the entire oil from Bahrain, Iran ,Iraq, Qatar, Saudi Arabia and the United Arab Emirates. World`s two-fifth of globally traded oil are transported through this route. The global energy security very much depends on the security and free accessibility of this strategic straight.

( to be continued...............)

THE FACTS OF DARJEELING

2008-09-21T12:57:00.003+05:30

“DARJEELING”, the very name of this hill station in India reminds you the colonial days and tea. Because it was the British colonizers; who were constantly on look out for cooler places, obviously in India it uses to be in hills what would remind them their home. The temperature in tropical countries, particularly in summer months use to be unbearable for them for mercury touching anywhere between 35 to 44 degree Celsius! In India Shimla and Darjeeling earned their reputation for hosting the colonial administrators with their staffs with families during summer months for running colonial administration for years. Though with English rulers, gone are the colonial days and prestige of Darjeeling, but it still holds name in world for its tea. It still the producer of world number one flavored tea and sold at a price, unthinkable for we ordinary mortals!
Off late, a new hue for Gorkhaland is raised time and again. It stared in the decades of 90s, lot of agitations, number of strikes called by the local Gorkha people , finally got the award of local autonomy albeit to very limited extent and their leader Mr, Subhash Ghising was calmed with whatever he was offered. But that finally failed to satisfy the aspiration of the people who want full autonomy, rather freedom! At present their new leader Mr Bimal Gurung is agitating for such status, Mr Subhas Ghising having stepped down. For the Government of India, it is bolt from blue and for the government of state that is West Bengal, it is ridiculous! After all the tourism is the main industry there besides tea. Mr Gurung , in all the way , likely to lose the support of locals who mostly depend on these two industries for their lively hood. Their fate can only match to that of people of Kashmir. This summer Darjeeling saw minimum number of tourists. However, let us see , how far Mr Gurung`s or in that case the demand of a separate Gorkhaland is justified.
How many of us know the history of Darjeeling? Do you know once upon a time it was a part of Sikkim! Gorkhas were nowhere then in and around that area. Later with incremental interest of Britishers and development of tea industries, created a market for labor force. That brought hordes of Gorkhas from neighboring Nepal, way back in mid 1800s. The impoverish condition at their native country and the available opportunities what could be availed of by them almost without any competition because people of plain are not use to the hilly cold climate, opened up a Eldorado for them. The Gorkhas of Darjeeling and around areas are the progenies of the same immigrants. History testifies that the inhabitants of the place before the annexure to British Raj, were Lepchas and few other tribals, numbering in few hundred but they were swayed with the arrival of Gorkhas from Nepal, the neighboring kingdom.
Let us see what history tell us. The East Indian Company`s Nepal acquaintance with Nepal goes back to1767. The three Newar Kings were ruling Nepal, which was under threat from Gorkha ruler Prithvi Naryan. The Newar Kings sought help of British. In respond to their call and East India Company`s own empirical design Captain Klnloch was sent but he was compelled to withdraw due to unfamiliar climate of Terai. The Gorkha chief overran Nepal and the valley between Kali and Mechi rivers, from west to east was brought under his ruling. Let us cut the story short. It was again another war between British and Nepal in 1814 brought the entire area back under British control. The East India Company kept Garhwal and Kumaon under their direct control and under the treaty of Seagauli in 1816 , restoring the remainders with the Kings and chieftains who originally own the land. The King of Sikkim was one of them.
It is necessary to mention that Darjeeling was originally a part of Sikkim. Sikkim being a adjoining county of Nepal became a victim of several inroads of Gorkhas between 1780-1800 and the British intervention was necessary to settle the disputes every time. Two Britishers Liod George and JW Grant were deputed by the then Governor General Lord Bentinck to Sikkim to arbitrate the disputes. They were the first European who was captivated by stunning beauty of Darjeeling. They expressed the feeling to Lord Bentinck and urged him to acquire the place for a sanatorium. The British realized the importance of the place for its strategic importance too. It was its close proximity to Nepal, Bhutan, and the road leading to Tibetan capital Lasha. So, finally on February 1835, the King of Sikkim ceded Darjeeling to the Company by a deed of grant. However till 1865-70 Darjeeling could be approached by road through an enclave passing through Sikkim. A dispute arose between the King of Sikkim and British by 1850, and finally after the war between Bhutan and British in 1865 the area covering KalimponG along with other territories of western Dooars was annexed and finally incorporated with Darjeeling in 1970.
This is the short history of Darjeeling. Originally only few hundreds of Lepchas (tribals) were the inhabitants of the area. Later, having taken over the place, the British started construction and plantation (tea). This invited the Gorkhas from Nepal for jobs of labors in thousands and they gradually flooded the local population and settled their permanently.
Now there is a resentment among the Gorkhas that they are deprived lots and deserve much more. They are seeking autonomy by forming a separate state `GORKHALAND' comprising surrounding areas of Darjeeling and adjoing districts.
For the reactions of Gorkhas and their sentiments you can log into my other Blog
`BUGULE'. Please see the comments.

MONEY MATTERS

2008-09-19T18:20:00.003+05:30

Taking the global queue, the Indian Stock indexes have plunged and everyday finding new low. Informed experts opine that the bear phase is ushering. Everybody is busy with all their wisdom, calculations how long the bear phase will last. No doubt it is pertinent question. The investors have deserted the market, without a sign of returning early. The day traders are trying hard to recover their loses. The general feelings of payment crises under existing circumstances is not ruled out. News are there as brokers committing suicides. Obviously it transpires that they did so apprehending trouble due to non payment of their dues. The Finance Minister assured neither Indian Banks nor Indian burses are under any sort of threat. Let us trust him and raise no question.
Whenever the bear phase users in the market , you know, people start guessing the bottom. Because the bottom offers ideal time to enter the market. But most of us, keep guessing but can never identify the true bottom. Better not to be frustrated for our misjudgment. Go through the renowned financial papers , you find lots of experts are at par with us. Only thing they are never tired to find newer bottoms or highs. So, the bottom is relative factor. What is bottom for you is when you enter, start buying stocks. In case market further going down, if you are left with more funds , keep buying. Mind you there is a limit. Better identify the bottom, when the index start looking up for 2 or 3 successive days or for more. Sure, you do not buy the stocks at their lowest prices but near to it. There is no hard and fast rule that governs the movement of stock prices. But long watch of stock markets for decades suggests this mostly be true.
By the time the market finds new bottom, keep your money safe in the form of Bank deposits. The current interest rates are attractive. You can link your account with these deposits and take overdrafts (loans) bearing interest rate just 2 per cent higher than what you get on your deposits. That means you just pay 2 per cent interest on your borrowed fund. You pay interest for those many days till you repay the loan amount. It is continuous process, since your account is linked with deposits, you can draw overdrafts as many times as you like, or your limit permits.
When market favors buying , take overdraft and buy. Keep in mind this works when you are buying for short to midterm. For your long term investments better encash your deposits and invest.

Young would be investors

2008-09-18T07:32:00.004+05:30

The Stock Market is going tumble tosser all over the world due to US economy. The sub prime crisis is finally taking heavy tolls. Many old bankers are getting bankrupt. The Indian banks are safe but the withdrawal of funds by FIIs is taking toll on its burses.

The budding young investors should take the steps carefully and stage wise. Better they follow the simple rule of saving first. Few tips I am giving here.
First of all budgeting is most important factor in young professional’s life. Unless you do that you wonder where your money goes! Writing a budget shows actually how do spend and shows the area and how you can control them. You can identify the area needs to be controlled. Never forget to add the expenses you do on shopping and entertainment and include your savings too. Keep a track on your utility bills and keep comparing them. Mind you the plastic money or credit cards are major boosters to spending. Not that they do not have any role to play. At an odd hours, god forbid, you need to meet a medical or hospital bill , then you find the credit card is a blessing. It turns a curse, when you over spend and keep repaying the bill in installments with high interest. Interest rates are as high as 42%! So, beware of using credit cards, think twice before you take it out from your wallet.
Start the saving early even it may be of smaller amount, but save it regularly. You do not know the strength of compounding. Open a recurring deposit account with any bank for longer tenure, preferably when interest rate is high, since it fluctuates off and on. Buy some mutual funds scheme under SIP (systematic investment plan), when a particular amount will be invested by you every month and this will cushion the market fluctuation. Even you can do both with as little as Rs500/- per month.
This should be starting point of any investment plan. You should set the objective like short, medium and long term. This should be adjusted to your future program, like marriage, son`s education, buying a house or car et al. Early you save better you gain later; this is specially a reality for buying insurance covers. Since lesser the age, lesser the premium and now all the insurance companies offer unit linked insurance plans besides their age old conventional plans. Better spread you investment in buying insurance cover. For basic cover go for term insurance, it may or may not have return. But with low premium it offers maximum covers. What is the amount of cover you should buy? The rule of the thumb is just six times of your annual income. As the income grows in tandem with that you should increase the amount of your cover too. These all are your primary investments. Beyond them there is wide horizon of investment market. The stock, commodity and currency markets offer immense scope of investments with its inherent risk. Learn first from various resources including sites, how to invest in the market and how the mood of market changes. Identify the stocks which are called blue chips, dark horse and penny stocks. Judge your capacity and risk appetite; then invest in stock or commodity market. Mind you slow but steady wins the race…….this old adage, still holds good for investors in the stock market.
So, bon voyage !

THE OIL GAME

2008-09-11T22:37:00.000+05:30

The world oil price rebounded above $100 per barrel after touching recent low to $99

per barrel. On September the 10th the member of OPEC countries met to discuss the oil

price which dramatically declined from their peak $147 per barrel in July amid a global

economic slowdown. All over the world the rate of inflation rose high and they are

still hovering around their recent peak level. However a surprise decision to cut

production by 520000 barrels a day taken by member of OPEC cartel. It is reported that

OPEC president and Algerian energy minister, Mr Chakib Khelil said the output cut

would start immediately. He further added "if you do your own calculations, it is a

cut of 520000 barrels per day"; announcing a new OPEC output quota of 28.8 million

barrels per day.

The International Energy Agency (IEA) meanwhile cut its estimate for global oil demand

this year and next, saying consumers mainly in the United States are changing their

lifestyles in response to high prices. The IEA's monthly report was printed before

OPEC's announcement. US eneergy secretary, Mr Samuel BOdman has asked for producers

to keep oil markets well supplied before the OPEC meeting started.

The Wayward Children

2008-09-07T23:14:00.001+05:30

Lack of parental care harms to the full blown growth of their child to what extent, one has to see to believe it. The orphans do not have their parents. Whether are they are raised in a orphanage or on the streets, they grow like their alike amidst of them. So at orphanage, the only difference is under supervision of nurses and teachers they grow better, disciplined and balanced. But the children who are growing under the most uncaring and negligent parents are the worst suffers. Because of presence of their parents prevents others to interfere. Neither have they belonged to streets nor to home. At school most of these children are worst performers and keep very low profile. They are introverts. In the initial stages it is very difficult to separate them from others of their age group. Problems become visible in at their teens and it aggravates fast. If the care is taken even at the initial stages, it results better in reforming. Later it becomes almost impossible, most of them turn psychic patients. Their thought process is affected; they utterly lack concentrative abilities, ambition, goal et al. Their behaviors visibly change fast, making them whimsical, arrogant, forgetful and restless. At this stage the parental attentions are drawn by their acts which is mostly unruly and indiscipline. The parents of these boys are usually busy professionals, drunkards or busy in pursuing their own goals, sparing least time with their children. The problem becomes more acute with modern day `one child per parent’ family. With none to take care in their absence at their home these children have fend for themselves. Not many can afford to employ a nanny or governess for their brooding child. After school these kids remain all alone in their home or apartment with none to take care of them. Well mother may ring them up for few minutes just to confirm if they are back and taken the food etc. They miss the parental care so much that it impairs their balanced growth.
Tired parents after their long office hours, fail provide the company what a child needs, knowing not the future implications of their acts. Sooner the kids foot on their teens voice their dissatisfaction. Mostly they are cowed down by scolding or threat only to let them burst abnormally later. In the metro cities like Kolkata in any middle class locality number of such cases is growing with such families. The parents of these children shake off their responsibilities stating their busy life or professional engagements. But that does not provide the remedy. Delay in taking proper psychological care for their suffering child (what is usual) , turns the matter worse.
May be this is another curse of modern consumer society where we live for ourselves not even for our wards!

The Lingering Wish

2008-09-05T13:24:00.001+05:30

A Blogger keeps posting because he wants his blog to remain alive and read as widely as possible. Most of the blogs are dedicated to a specific subject. There are professional bloggers who for the obvious reason to attract more traffics insist on covering those subjects which are current market craze. Like life-style, traveling and making money in as many ways as possible. Though I am not a professional blogger, it was just out of freak I started once blogging with my childhood memories. It began with the famous Google’s social network site: Orkut. I kept postings few in a series till my childhood days at my hometown where I was born and brought up was covered. It was a industrial town, where my father served and I was born, schooled. It was a industrial town, where we lived in a quarter, that I used to consider as our home, without realizing what a home meant. This I realized in my late teens, when I joined Air Force and understood that town I belonged to, never belonged to me. With the retirement of my father a decade later, we left the township, never to return again but the memories lingered. Thank god, it was not a abrupt cut-off, like those who left their native place for ever while India was gaining freedom through partition. For no less than 10-12 years after I left the town for my place of posting, in every year, while on leave I use to visit my parents and the township. This kept renewing the relations with my friends who were still there. With every passing years their numbers dwindled, one after another started leaving the town. Some were getting jobs; some were just leaving as their parents went on superannuation. We knew we part to never meet again. But rapidity of the incidents on my every visit, made me forget the pain of such last meetings. In fact I hardly met them again. Even when I met them, either I failed to recognize or they!
In the virtual world of web, it offers the opportunity to meet or trace your lost friend or one whom you knew or loved. When I had access to it, I tried. Whom I tried for , never met but met those whom I never expected; either I forgot or I never met them earlier. People from same home town bring back the memories, color again the faded pictures in your mental frame. Nostalgic journey through your memory lane, is sometime pleasant; sometime painful, depending upon the path you cover. It reminds me '42' of George Orwell and warns not to visit the place searching memory ever again. Still the yearnings for visiting that “town never belonged to me” persists and likely to persist till I live. Searching the lost memories attached to the place years ago brings frustrations----------- such adage does not prove much deterrent. Can one suggest me something better?

RESERVATION AND POLITICS IN INDIA (PART -II)

2008-09-01T19:43:00.002+05:30

In a recent move, Indian human resource minister, Mr, Arjun Singh promulgated a fresh bill that reservation should apply to the member of faculty in all government educational institutions even in premium institutions like IITs or IIMs! Here the ruling parties’ president, being self form a European country advocates the applications of reservations in corporate or private jobs as well. The vehement opposition by different industry leaders on any such move and a threat to move out elsewhere, if they are forced to recruit substandard staffs; for time being it is sent to cold store. All the chambers of commerce declared in unison that Indian government should take care of backwards in macro level for improving their lots, instead of pushing and absorbing them in government organization and educational institution, resulting poor quality and demoralizing the deserving lots. This hampers all the way national interest. It is well known that such policy is not sustainable in national interest, resulting in poor performance of most of the public sector industries, even its defense forces; the policy makers irrespective of their political identity (surprisingly no political party ever opposed or criticized it!) continue to ensure its expansion and existence till the dooms day! How the implications of such policy; you go to a government hospital, check up the doctor`s name, if it is suggestive that he belongs to reserved category, your confidence on him is lost. Possible you seek change or if affordable consider leaving the hospital. So, with the governmental jobs, here again, it is as if a pride of lions are commanded by a lamb; in most of the departments. As you know what happens when boss is sub- standard than his subordinates, the work culture goes to dock; what exactly happened with almost all the government offices besides thriving corruptions, maladministration have left the public at large to fend for themselves. Nowhere like , India, politicians are marked crooked , being loyal to only their self interests, neither to nation nor even to the political party they belong! It is accepted norm of politicians floating a fresh political party or shifting the loyalty to other, even to the party they were in opposition, in case their personal (in guise of political) interest is harmed. Have you heard anywhere in the world just apprehension of defeat in ensuing election, the leaders in power that be, amended the constitutions reducing the age limit to 18 years from 21 years to enjoy the voting right? It is in unparallel India, where rate of literacy was minimum then, even now and people at their teens can hardly be expected making a political concept. Who cares? The number counts, not even a single political party ever opposed it.

RESERVATION AND POLITICS IN INDIA

2008-09-01T00:09:00.002+05:30

I remember in my school days, we were asked to write
a passage justifying an adage or moral. One of them was “Public opinion is humbug”.
This still holds good, when we watch the political developments around the world based on public opinion thrives despite of being wrong. Like US and its cartel`s invasion on Iraq, on the plea of elimination of WMD (weapon of mass destruction) and its creator. After all democracy is “government of the people, by the people , for the people”, so all actions taken by government are supported by the majority . Now the term “majority” is critical. Different country adopted different terms for judging the opinion of major portion of mass. Even in most advanced democracy like France, till recent years women had not voting rights! Just think where they constituted no less than 50 per cent of total population, and during French revolution they took part along with their male counterparts. This gender bias plays its role elsewhere too. However, while justifying “Public opinion is humbug”, I remember quoting the story of ancient Israel. The king of Israel use to hold its court on its foundation day to seek public opinion on the fate of its convicts. Once it happened so, Jesus along with other convicts, on that occasion were presented before public for their disposal. His crime was propagating God`s gospel or Christianity, others with him were the convicts with theft charges. On the day the public could set two of the prisoners free irrespective of their gravity of crime. The King`s courtesan announced the reasons of individual conviction and finally asked who are to be set free and who are to crucified; the public unanimously shouted for the freedom of two young thieves and asked for Jesus’ crucifixion! So that is the public opinion; thus justifying how humbug it is. The same we find all over but in India it has taken a unique way outsmarting others.

Ever since India became independent, its rein remained in the hand of few leaders who were from elite class of people, had least touch with the mass. It was the ignorance of public and their charismatic image that worked. The few exceptions were there, like Mahatma Gandhi, who helped India earning independence but did not have place while India earning the same. Rest is the story, having been killed by some fundamentalist; he rests in peace on the wall of Government offices and of the face of currency notes. Ironically both are potent instruments of India`s thriving corruption industries. Those who followed his footsteps gradually step down or forced to step down having been failed to keep up with looting spirit of their successful political colleagues. Finally India became the largest democracy of the world. A democracy where public do not cast the votes but vote the castes. The maker of constitutions in spirit of uplifting India`s poor populace (mostly belonged to lower casts) provided reservations for all governmental organizations and institutions without an iota of its consequence in future. India`s present days politicians irrespective of their faith or parties, even after 60 years, vindicate the reservations at all levels of society. This is just wooing the beneficiaries to cast their vote for them, because they form the majority. Nowhere in the world this can be imagined that here in India merits have taken a back seat, by dint of belonging to few particular castes , irrespective of social, financial status and merit, people enjoy the benefits of government berths in educational institutions, jobs even in defense forces. Think of battalion marching to face enemy being led by one who is certified of having lesser merit than whom he commands, because he enjoys a quota! Does it sound like lamb leading a pride of lions? Would enemies be expected to fix their aim keeping India`s quota system in mind? Or the soldiers are expected to keep their moral high while being led by one who truly does not merit their leadership?

( to be concluded,..part –I)<<<<<<<

India and ASEAN signs Trade in Goods Agreement

2008-08-29T18:36:00.000+05:30

ASEAN –Southeast Asian trading bloc and India at last are prepared for signing a free trade agreement in goods like European Union style open market. The pact was supposed to have been reached last year but could not be, because there was some difference of opinion on products that India wanted to exclude from tariff cuts. New Delhi bad submitted a list of 1414 products, while the ASEAN`s target number was 400. India`s commerce minister Mr Kamal Nath described as “key regional milestone” this Trade in Goods (TIG) agreement with the 10 member ASEAN. The deal is likely to be signed in the next December in Bangkok during Indo-Asean summit. The minister observed “The countries of East Asia are important drivers of growth……with large consumption to drive global economies”, he referred to the combined market of 1.5 billion people that is waiting to be tapped. India and ASEAN currently enjoy a total trade of $38 billion and expect it to touch $50 billion by 2010. Under the pact India and ASEAN will eliminate import duties on 71 per cent of products by 31st December 2012 and another nine per cent by 2015. Duties on eight to 10 per cent of the products that have been kept in the sensitive list will also be brought down to five per cent. India had already reduced tariffs unilaterally. India`s peak tariff rates now average 9.7 per cent compared to 20-25 per cent five years ago. A limited number of products will be excluded from tariff concessions based o the domestic sensitivities of the respective countries. The TIG has provisions for a special track for tariff reduction for five products, which are key to exports of some ASEAN members. These are crude, refined palm oil, coffee, pepper and tea. Both sides will also negotiate trade in services and investment as a single undertaking as soon as possible. Malaysia will co-chair the working group on investment with India while the working group on services will be co-chaired by Singapore. It appears the prospects of growth in trade and investment is immense.

Internet Cafe Refugees in Japan

2008-08-26T20:23:00.000+05:30

I believe that the seed of communism was planted in the field of capitalism. With the advent of communism, in came few terms in our vocabulary and we were so used to them. Words like neo-rich, reactionary, proletariat, bourgeoise were circulated in 50s and 60s and gained momentum in 70s of last century. However gone are the days of Soviet Union, China; the communist citadel, Cuba and North Korea are in doldrums, it appears that socialistic (!) capitalism is the new mantra for survival in the era of globalization. Here again Russia, China, Brazil, India have taken the leads, former two are from communist bloc with capitalist outlook. Those of us born after World War II, have witnessed the rise and fall of communism are confused lots. We sometime fail to differentiate communism from capitalism. The former open offers the scopes to get rich, the later offers the same only to few, the party strongmen or henchmen.
However after Second World War the countries like West German and Japan far excelled many other countries in their socioeconomic progress holding the hands of capitalist USA. There is no debate on that. With US economy Japan`s economy rose to its zenith during the later part of last century. Among Fareast Asian countries Japan managed to set an example in technological advancement. The far sight, enterprising industrial ventures in all most all the fields made it outstanding. You know, the quartz watch what we cannot stay without; was invented in Switzerland, the land of watches in late 70s. When the inventor presented its stuff to Swiss watch makers, they refused to buzz. The quartz technology would have replaced the then existing watch technology. That needed the use of jewels, wheels, spring et al; so they refused to take up the new technology. In the same meeting, was a man from Japan`s Seiko (watch maker) company, who grabbed the opportunity and rest is the story. This is an example of Japs enterprising ability.
However, the recent reports suggest there is shift in Japanese outlook too. With the global economy is passing through a phase of recession their economy is under pressure too. The pressure is so high, that a new class is emerging in Japan. As the neo-rich , as a class rose after the Wars, thus after the prosperous phase of Japanese economy; neo-pauper as class is emerging. Surprised? The new generation of Japanese work force, in Tokyo, looks for a place for the night a cubicle featuring a computer to surf the internet plus a reclining chair to sleep in. Though there is bare enough room to stretch one`s legs. Paying only 1500Yen (US$13) a night in high-cost Tokyo and shower facilities thrown in, what better else you can expect? For thousands of Japanese, young and old, such cubicles are “home”. They are called “netto kafe nanmin” or internet café refugees in English. Half of these people from the age group of 20s and the rest are from the age group of 50s; with no permanent job, cannot afford to rent rooms in costly Tokyo. Being away from home, most of them make internet café their home; with hope to get back their home what they never do. So; what next; again a tilt towards communism?

SATISFACTION

2008-08-19T22:47:00.001+05:30

• Have you ever thought of that what exactly satisfaction is? Most of us are apt to think when you do not have anything to ask for, we are satisfied. Is it true? No! Never so; reason being that at that point of time you did not have urge for anything since you’re the then needs are met. But you have the yearnings; may be for years or decades! Satisfaction is a feeling that offers a sort of fullness mostly physically for time being. In fact you are satisfied truly when you want something and you get that. Not that after full course of lunch you are offered something what you might have not needed, you are served, you take it to oblige your host, and feel satisfied. Satisfaction is that what you get when you want the same.

UNPREDICTABLE STOCK MARKET

2008-08-16T23:58:00.000+05:30

This year India has celebrated Independence Day with inflation rate touching new high; with same pomp and show, and the ruling government keeping the ensuing vote in mind has been generous with the largesse by hiking the pay of 5.5 millions government employees by 21% and more. Rest is left for to mend for themselves. Here is the release from Ministry of Finance
Statement released by the Department of Economic Affairs, Ministry of Finance:

"The rate of inflation for all commodities for the week ending August 2, 2008 stands at 12.44%, higher than the rate of 12.01% reported last week. After being nearly stable for four weeks, this rise has come as a major disappointment.

The Wholesale Price Index (WPI) moved up from 239.6 in the week ending July 26, 2008 to 240.4 in the week ending August 2, 2008.

The silver lining is that the inflation rate for the group of 30 essential commodities at 6.54 per cent was lower than the inflation rate of 6.66 per cent recorded in the previous week. Annual inflation of the 30 essential commodities has continued to be range bound between 5.7 to 6.7 per cent in 18 weeks of the current fiscal year. Prices of essential commodities, which include food grains, pulses, edible oils, vegetables, dairy products and some other commodities including kerosene, soap and safety matches have more or less stabilized.

In the 'primary articles' group, the annual point-to-point inflation increased to 11.43%, as compared to 10.32% reported last week. However, out of a total of 98 articles, 13 articles have shown a decline in prices as compared to July 26, 2008. These included among others, wheat, groundnut, castor and gingelly seed, raw wool, brinjal, cabbage, okara, sapota, fresh coconut and copra. Another 57 articles have shown no increase in prices.

In the commodity group 'fuel and power', the rate of inflation has risen to 17.99 from 17.12. Prices of 14 articles (out of a total of 19) have not shown any increase. Prices of naphtha declined. However, there has been a rise in prices of furnace oil, bitumen and light diesel oil.

In the case of 'manufactured products', rate of inflation in the current week remained unchanged at 10.75%. Out of 318 commodities, a large number, 293 in all, have shown no increase in prices over the last week. In the case of 13 commodities, there is a decline in prices. These commodities include most of the edible oils (mustard, cottonseed, groundnut, rice bran, vanaspati and imported edible oils), oil cake, foundry and basic pig iron, MS bars and rods and zinc. Only 12 products, particularly viscose filament yarn, sugar and gur, hessian cloth and bags, decorative laminates, BOPP film and lead ingots witnessed an increase in prices.

Inflation, on a week-on-week basis, was reported at 0.33%."
With the sure sign to industrial growth having been slowed down to the level of more or less half of what has been in the last year during this quarter, we need to see how long it lasts. The further expectation of tightening the monitory policy by central bank, raising interest rate and CRR is running high. Stock market appears to be taking note of the situation apparently but the current fall in crude and gold index, indicates that the FII s are likely to be back soon and jack up the stock prices belying the usual trend. The small investors are vulnerable in such situation; they may be wooed by rising index. But it may fall anytime as and when the FIIs find better place to shift their funds.

CRUDE AND GOLD PRICE MOVEMENTS IN FUTURE

2008-08-11T21:17:00.000+05:30

A recent study in the investment options for the fund managers and big investors has drawn my attention, it seems to be interesting, and so I thought why not to share this with my readers. We generally think when the stock market takes a south bound bend or plunges, showing the bear phase is out to take over, then the price of precious metal Gold go high. Gold has always been considered as a safe haven for investors to park their funds till the fresh opportunity emerges, so was the dollar earlier. With US economy under pressure and recession looming large, the dollars have lost much of its sheen. The investors and fund managers finding the unstable stock market in the emerging economy and US federal rate not being attractive, switched over to commodity market and speculating on crude. This led the world wide inflation and partially caused the food crisis too, these all issues have been discussed earlier on many of my articles. The current article is to focus on a new area of market analysis. That is the long term relation between crude and gold or liquid gold and gold. Presuming the barter system, if you look at the very long term chart; average number of barrels of crude required to buy one ounce of gold use to be around 14.5; with crude price soaring high and the gold following the suit it has changed. In fact touching the new high of $153 per barrel, now it is hovering around $125 per barrel, now considering the current gold price, a ounce of gold is sold for 7.3 barrels of crude. In fact the gold price has not moved in tandem with the crude price for last decade. It is still trading around $910 per ounce, what was $850 during 1980s, when the crude price was around $38 per barrel.
It is clear how gold is likely to appreciate in long term just getting back to its long term trading ration with crude i.e.14.5. It is all the way set to reach $1700 per ounce in future. Is not this is an opportunity, for any one sitting with money for long term investment , say for another decade or 10 years. When the gold price goes up, it goes up globally. All can reap benefit investing in gold now, it seems.

CRUDE FACTS ABOUT CRUDE OIL

2008-08-09T22:46:00.000+05:30

Rising crude oil price has taken the global economy on ride. In India the inflation rate has crossed 12.01% last week, this is based on whole sale price index in India, but the real rate of inflation considering consumer price index is anything between 60-70% and so with other developing economy in the world. Now the oil price is cooling down and revolving around $125 per barrel from its all time high $153 per barrel, is still failing to make any visible impact on the rising inflation rate. Let us see what the crude facts about global crude demand are and supply position.
The demand of oil has increased considerably in the developing nations, no doubt since last ten years. In China for the demand of oil has been registered as compounded annual growth rate of 6.5% for the last ten years (1997-2007). Last year India has taken the 4th largest oil consuming country in the world overtaking Germany and Russia. At the same time India`s position as a oil producer in 23rd in the world. This is the picture how the demand of oil is rising in the developing nations at such a faster pace. But contrary to the rising demand; the supply of oil by OPEC nations has been reduced by 2.7% comparing to last year`s supply. This is the position of only 10 oil producing countries under the umbrella of OPEC. Whereas the world`s 3rd largest oil resourceful country Iraq is currently handicapped with its oil production. Iraq is producing at present 1.87 million barrels per day for the past 5 years, whereas it used to produce 2.4million barrels per day earlier! The 6th largest oil producing country Mexico`s oil reserve is fast depleting, at best it will last till 2014. US alone import it`s 14 per cent oil from this country. The economic condition of Mexico is in doldrums, the production is reducing with escalation of expenditures. As a result their exports earning is plunging. Over all as per B P Statistical Review 2008, it is observed that this is the first time ever global oil consumption is exceeding the production. In 2007 the global production of crude stood 3905.9 million tons and the consumption were 3952.8 million tons. The difference of 47 million tons were met by production of bio-fuel from sugar cane, maize etc. this caused the food shortage!
The emerging scenario in global oil demand supply position being alarming, a further crisis has been added by commodity traders, speculators. Who are out to make a stake on every crisis. Now the global consumption of oil is around 8.5 million barrels per day and this is escalating every day. The cooling down of the oil price by 20% from its zenith is not backed by real betterment of supply position or reduction of consumption. The investors, speculators or hedge funds are moving away from oil to elsewhere.

SPECULATION, INFLATION AND COMMODITY MARKET

2008-08-02T19:23:00.002+05:30

The excessive volatility in commodity market can be attributed to excessive speculation. The current phase of inflation under which all the countries, the developed, developing and not to mention the poor, are reeling is a direct fall out of this. The excessive speculation in commodity market if allowed unfettered the mankind may go through this roller coaster rides for ever. Obviously it will be sickening and threats to derail the world economy and spreading famine, unemployment, drought and obviously another world war. Let us not forget the terms of surrender for Germans in 1st world war contained the seeds of the 2nd. The “reparation” clause as a term of surrender imposed upon Germany by the victors was not sustainable, so the result was the Second World War. The rest is history. The recent oil price hike, as alleged by Saudi Arabia, is not due to shortage of crude but excessive speculation of crude in the global commodity market. The oil price is looking down currently around $122 per barrel, with Saudi Arabia raising 700000 barrels per day more to control the price. Still it is far above the real price, what should be around $65-70 per barrel as per the experts. The raising of oil is well in tandem with global demand and it is streamlined till 2030A.D as per the projected global demand. The supply is likely to be steady given there is no trouble in the oil producing region. Like disruption of supply in Nigeria or Israel attacking Iran for US military purpose. The depleting oil reserve is believed to cause no worry till 2050A.D; by then all the way it is likely some alternative of fossil fuel to be invented. Given to the situation it is speculative activities that pulled up the oil with other commodities prices all over the world. The world watches helplessly.
According to Barclays Research, there has been 20 fold increases in participation in commodity future market since 2003. It was $13 billion in December 2003 and in March 2008, it is $260 billion. The speculations have been primarily in 25 commodities; energy (49%), agriculture (21%), precious metals (19%) and base metals (11%). Some countries set up sovereign wealth funds, they are aggressively investing in commodity futures and have been benefiting the windfall gains with commodity prices sky rocketing and an increase in index futures. Commodity market is basically for hedgers but they permit besides hedge funds, pension, index and other funds too. Thus the very purpose of hedging for what commodity market is created for is jeopardized. Instead speculative funds are making heydays putting the whole world in inflationary tenterhooks. It is high time now that some action is initiated on world consensus to rein speculative funds on commodities futures. The strict measures and monitoring is certain to yield results. Obviously, US have to take the lead as usual and European Union should support the cause for mooting any such program. However, with election in mind, considering funding it, any measures for US politicians is hard to take at this juncture!

2008-08-01T00:29:00.002+05:30

2008-08-01T00:28:00.001+05:30

Business Loans

2008-07-27T14:40:00.001+05:30

Business Loans are procurable so smoothly you realize only when you apply for them through the website of AfsLoansOnline.com. Believe it, even online you feel you are dealing physically. Their experts are confident and helpful; they guide you for unsecured loan ensuring 100% approval. Business Loan of all kind ranging $20K -$250K is usually approved within 24-48 hours. They maintain the database of 140000 lenders, monitoring constantly their terms, interest rate et al, so that they can recommend you the best. Unsecured Business Loans or personal loans get guaranteed approval when applied through them. All these; for no hidden or extra charges; you do not pay anything for consultation till your loan application is approved. Feel free to log into their site or you can call them on toll free line 877-102-1396 from your home or office and get your loan at ease with the comfort of your home.

INDO-PAK JOINT VENTURE MAY BE ON ANVIL!

2008-07-23T20:12:00.001+05:30

Indian burses welcomed the verdict regarding the stability of the Government. The sensex and nifty has risen remarkably to -day i.e 23rd July 08. Well it may be initial euphoria as well. One cannot be certain that days of the bear are over. Better wait and watch is advisable for serious investor, day trader are indulging usual betting and making their money. Most of them off course making up their loses what they might have incurred earlier. However there is some good news in international scenario. The crude price is cooling down, though that also cannot be taken as certainty. With the crude price coming down, if at all, reining inflation can be easier. The progress of monsoon is hopeful and likely to meet the expectation. Though the growth rate is under pressure in the current quarter and likely to affect the projected growth rate at the year end. Still if the situation improve day by day, than it would not as bad as the market Gurus have been predicting. The mutual funds are sitting on heap of cash and waiting for the opportunity to dive in the market. Though nothing encouraging is reported yet form foreign institutional investor houses; many are expecting them to join soon. Besides, in a significant change of stand, Pakistan Government expressed its readiness to allow Indian investor to invest in Pakistan. They are specially interested of Indian based company willing to set –up manufacturing units in Pakistan for CNG based buses or vehicles. After independence this is the first time ever they have expressed such intention. One can hope this being responded, the plethora of opportunities the cousin country can offer may open up. Obviously this will improve the bilateral relation and curb the terrorism in the subcontinent. It is reported that Pakistan Government has invited at least three Indian Companies – Tata, Reliance and Essar to a meeting of potential investors in the power sector to discuss the development of the Thar coal power project. This shows that they are interested of Indian investment in other sector too. A good start of Zardari government no doubt!

SHAKY STOCK MARKET!

2008-07-21T20:13:00.000+05:30

Indian stock markets are currently rocking due to ongoing political crisis. The stability of government is the major factor. If the present government escape the fall, appears to be imminent due to lefts joint opposition on nuclear deal, the market may (watch my word “may”, it cannot be assured!) look up. In fact the global oil price is showing sign to calm down. The last crude price fall was very sharp it was around $20, last week in the international market. The fall was registered in both New York and London “Brent” crude prices. In India the market is not watching the triangular situation, the stability of government, the inflation and the global crude price. With the ray of better days ushering in the crude market, to-morrow is the d-day, the government stability for till it completes its tenure will be confirmed; last but most important factor is the inflation. The measures taken up, by the central bank, are likely to show results in two months now. Prices of some cereals and food products are showing the sign of price stability. But the iron may go up in the next month as the global price is quite higher that the Indian price of iron. It may fuel the fire of inflation what is already quite bright. But if the oil price takes a down ward trend and inflation gets controlled, then it can be hoped that market will note it and look up. In fact in this doll drum, sensex and nifty are on rocks, but one thing going quite steady. May be not many are watching it. The exchange traded funds, the gold funds are going steady. A year ago, the net asset value of UTI`s ETF`s NAV was Rs833/- now it is Rs1359/-. Even now fresh investments can be made, since gold price is all the way like to go up, sans few momentary hiccups, by the small investors. Some experts are advising the small investors to look for dividend yield funds with Mutual Funds with good track records. Since their net asset value has come down to the extent of 35-45%.

2008-07-19T22:13:00.001+05:30

CAR INSURANCE COMPANY

2008-07-14T00:13:00.000+05:30

When you buy a car, next thing you do look for car insurance. Even with your existing one you need to renew your car insurance time to time. Insurance rates are sometime changing faster than gas price. So, when you buy your car insurance; spending little time to compare the rates offered by different car insurance company can save you a lot of money. www.carinsurancerates.com offers you free quotes of multiple insurers. The site offers guidance and information that help you to pick up insurance cover for your car of any make, anywhere. While determining the premium of your car insurance, the insurance companies take several things into their consideration. First of all your driving history, that is most important to them, lesser the spot better the rate; that is the rule. Next comes; the sticker price, cost to repair and replace, safety features et al. Car Insurance rate.com has a toll free number, feel free to talk to them and seek their guidance. Their customer care is excellent and offer readily help with answers to all your questions. Let me tell you, in America in every 26 seconds there is car stolen and out of them nearly half are never recovered. God forbid, anything happening as such, only a dependable car insurance cover can shield you. So, have one and ensure that you log on to carinsurancerates.com site to find the best car insurance.

INDIAN GROWTH STORY - A SHAM!

2008-07-13T19:57:00.000+05:30

Recently ended G8 summit and India`s move a step forward towards nuke deal; has raised lot of hues in media locally and internationally. Indian growth story, despite of it`s current depression due to uncontrollable inflationary pressure, is gaining popularity. Political mileage is being extracted to maximum extent by the ruling parties and its allies. Though; the leftist have withdrawn their support, portraying a bleak outcome of the deal in future, for imaginary reasons, best understood by them. The Government seems to be unperturbed. For the common men, especially the educated urban people, the inflation and the nuke deal both are important but the former merits immediate attention.
The crude price is making record every passing day, breaking the previous high with no sign of respite, makes it impossible for India or any other developing nation to rein inflation. Indian growth story is passing, albeit hopefully for short period, though a bad time. But is the growth story consistent with reality? Is it true that India is likely to share same podium with US or any other European developed nation or far eastern Japan? I have the reason to believe it is utopian thinking.
Indian growth story is yet to touch no less than 70 per cent of its population. India has world largest population who lives on less than a dollar earning per day. It is understandable what does the nuke deal mean to them. No political party or the Government has ever taken any serious step to check its population growth; India is deluged by its unwanted population. A Government which is non-functional in common men`s life is only visible, when one visits any government office, police stations or hospitals. The corrupt hands of Indian Government open its fists only before the demanded doze of bribery. India ranks 74, two steps down since last year, among 180 countries of the world on worldwide Corruption Perception index this year. The data is prepared by independent international agency, Transparency International. It seems corruption growth is in tandem with economic growth in India. But please do not think it ever comes down with slow down of economic growth; rather the reverse is true.
Parallel economy runs in India with the official one. India alone ( though in a much smaller scale) have digested many sub-prime crisis with its nationalized banking system and fiscal support , just to cover the corrupt politicians or corrupt practices of funding political parties with black money. Here the Government projects undertaken with much doll drum, was defined by a journalist as’ bigger the project bigger the loot’. Even the assassinated ex- Prime minister, Late Rajiv Gandhi once confessed that government aids reaching to public reduces to only 10 per cent of the sum rest is being siphoned by corrupt officials, politicians and agencies. The picture is grimmer even today, probably worse. After all you never can have the actual data for such transaction. In Indian monetary system Rs120000 crores of unpaid taxes and Rs150000 crores of un- recovered loans from its nationalize banking system is floating alongside. In terms of the size of Indian economy it is comparable to few more sub-prime crises of US.
With money, capacity or consent to feed the corrupt power, average middle class Indian can afford to live a life with some standard comparable to his western counter part , no doubt but the quality of life is never comparable. In India, a chief executive has to negotiate the same roads with pot holes and slow traffic, in a Mercedes (the only difference!). The same polluted air, water or food he has to share with rest, money or his economical prosperity is of no use for that. The reservation policy what should have been done away with long ago is being revived with fresh vigor by the present government, as populist measure keeping an eye over the ensuing election in the next year; will hold back India for another 50 years or more, from its projected target by many decades away.
Indian growth story is a sham and drawn in a shoddy way. It is just spreading a fresh, colorful bed cover over the torn mattress on bed.

INFLATION; INDIAN JUGGLERY

2008-07-09T23:50:00.001+05:30

Inflation is word what perhaps a primary school boy is getting use to. So much the pressure of inflation affected all strata of society in India or greater part of the globe. In India as with everything else, even inflation is not without its doze of hypocrisy! It is one of the few countries where a democratic Government juggles with the figure. Most of the developed and developing countries use Consumer Price Index (CPI) to calculate inflation, but for India it is Whole Sale Price Index (WPI). Government`s plea is that they cannot collect the data always on which the CPI is based! Ridiculous! WPI includes 100 out of 435 commodities, what are not important from consumer point view. In fact the retail price what consumer pays is much higher than the wholes sale price. In recent months there has been more than 30% hike in several commodities what are for common consumptions. In some cases it is even 60%! Whereas the latest Government figure declared 11.63% rate of inflation. Imagine the difference and it is not difficult to understand who are enjoying the margin. The traders and hordes of middlemen are enjoying the blessing of inflation. The farmers and the consumers both are at the receiving end.
Well, that is the jugglery on the Government`s part in India. To appease the public tall claims are made that is much lesser than many other countries in Asia like China, Sri Lanka, Vietnam or even Iran. None cares to confirm whether the figures of CPI or WPI being quoted of those countries. However, though the villain is identified as crude price hike but is it only the spiraling crude price to be blamed for? The price of food grains have also gone up to astronomical extent. Let us see the reasons. First of all food crises engulfed the whole of the world now. America or developed nations in Europe are not spared; keep afar the poorest African or Asian countries. The US diverted 20 per cent of its maize production to the production of ethanol; Brazil diverted half of its sugarcane production to make bio fuel. The European Union used the greater part of its vegetable oil besides what imported for production of bio fuel. This also deprived the land what usually produce the food grains; thus resulting in food shortage there.
India even after having banned the major food grains export fails to control its price. In fact India is never a major food grain importer but it is the 2nd largest exporter of rice. It imports 70 per cent of its gross fuel consumption and currently in a feat to control petroleum price has already subsidized INR 700,000 millions. This followed a petroleum price hike to fuel inflation further recently.
What fuels the Indian inflation? First of all, the parallel economy that co-exists with visible official economy. It is supposed INR 1200000 millions could not be collected as tax and INR 1500000 millions unpaid loans are floating in the market. They are joyfully participating in speculation. Besides stock exchanges other options available commodity futures; the ocean of black money is yielding pools of white money while jacking up the commodity prices to the level of sky. The poor and penniless are on the verge of devastation due to the surge in the ocean of black money. They match only the tsunami victims.

Global Stock Markets; the difference

2008-07-04T20:47:00.000+05:30

The inflation in tandem with spiraling oil price is taking heavy toll on stock indices in Indian as well as all the major global burses. The south bound journey of stock indices is continued all over. No one seems to know how long they will last or when they will bottom out! Individual investors are shaky to burn their fingers; institutional investors seem to have diverted their fund towards more rewarding commodity market where speculation in oil is high. This may be another reason for the oil price`s apparently sky bound journey. The recent declaration of Iraq to open up their oil fields to corporate sectors is likely to take time. In the mean time Saudi Arabia has promised to increase their output from this month but nothing seems to work. Every day the oil price is touching new high and so the inflation.

However, if we compare the different stock markets, we find that the countries which are commodity exporters are better than those economies which are net commodity importers. For example, the stock markets of Taiwan, China, India, Turkey, Thailand, Philippines, and Korea are not doing well in comparison with Russia, Argentina, Brazil, Malaysia, Indonesia and South Africa. Though both the groups are more or less equally under inflationary pressure and affected heavily by inordinate hike of crude price hike. The only difference between them is the first group is net importer of commodity and the other is commodity exporter.
Countries like India and Turkey, share more or less same position in global stock market ranking are suffering in the same way. Both the countries are big oil importers, their import bills are running around 5% of GDP. Neither of them exports any major commodity to absorb the oil import shock. Where as Russia and Nigeria, though under tremendous inflationary pressure, being commodity exporters are still holding up. However, history suggests whenever a single factor is ruling market behavior is not sustainable. So long the oil continues to move high it may, at last , after all what goes up that comes down too!