Lokpal Bill 2011 (?)

India never lacked laws, rather its' their enactment. Hawking, Traffic, Tax-Evasion, Pollution, Civic Contracts et al, are not in a mess due to lack of law, rather due to lack of their implementation. I'm not cynical, but not yet a believer either.

During the last two weeks, the Indian Government has been witness to the overwhelming force of public opinion pertaining to Corruption in Public Office. The UPA Government tried every trick in its' book from ridicule, merciless character assasination, fradulent charges and - as witness yesterday from the speech of an undeserving leader - denial of fitness of purpose.

I hate that politician, especially after learning about his truth from Subramanian Swamy's video on youtube.com, and such individuals, not content at sucking the Indian resource-pool dry for decades, take recourse of such antics at every opportunity they get.

Anyway, coming back to the point, a strong Lokpal Bill, will make it immensely difficult for those occupying public office to indulge in corruption, but there is a tremendous will amongst the bureaucracy to make the most of the powers given to them, and as the old adage goes - where there's a will, there's a way.

I am sure the bureaucrats will find their way out of the Citizens' Charter, with fine print that will overwhelm citizens in its' interpretation. The Lokpals & Lokayuktas' if appointed by the government can be as powerful as our current President or Lok-Sabha Speaker, and lastly, the lower bureaucracy will find cover under its' sheer volumes.

Status Quo? Perhaps not, there is always a turning point in the path of darkness, it seldom leads to daylight immediately, rather it assures one that every step taken leads you away from darkness. Yes, India has taken that the right steps, but, the day of celebration is too far away!

What do Indian Politicians represent?

Narayan Rane, R.R.Patil, Vilas Deshmukh & Sharad Pawar
- Mumbai's primary reasons for mis-development.
- Villagers with basic education and humongous money.
- Highly feudal and rustic.
- Village Leaders.

Manmohan Singh:
- NOT the leader of the government.
- Old man a shadow of his own self from 1991
- Cannot make his own decisions as final,
- Depends on Congress leadership for "passing" his decisions before execution

Narendra Modi
- Hardliner,
- Known human right abuser & has history of acts againsts civil liberties
- Didnt waste 24-hours sensing an opportunity in the national hour of crisis.
- Provided Rs.9000 crore worth of "free money" to a Tatas
- Critized the ATS against their action against the Malegaon Blasts Perpetrators.
- Likely hand in Hawala.

The remainder are not worth even wasting time in criticizing...May God Save India from people like this!

Heros Forever!

Hemant Karkare

Vijay Salaskar

Ashok Kamte

Sandeep Unnikrishnan

Gajendra Singh

We will never forget you.

True Heros, Now & Forever

Curbing Terrorism: 3-point agenda

A: Bombay Metropolitan Region: 29th state of the Indian Union
Primary Agenda & Motives
a. This would be the resurrection of a catastrophic blunder that occurred when Bombay was split into two, with the island city being handed over to Maharashtra.
b. Civic administration shall be taken over by the BMR. One state, one administration. BMR state-elections shall be for both state & civic functions combined.
c. Political representation based on economic status & population of BMR. (min 9 max 20 – reduce seats in Bihar, Gujarat, Maharashtra & UP accordingly)
d. Debar anyone who is NOT domiciled in Bombay for more than 25 years from contesting elections.
e. State principles independent of language, religion, caste or creed.
f. Defence of BMR a responsibility of the state of BMR.
g. Status Quo on Financial aspects.

B: Maharashtra State Re-constitution
a. With the separation of BMR, the remainder of Maharashtra will be re-constituted as a state for Maharashtrians with reservations & cultural rights for Marathis.
b. All demands for Marathi Asmita applicable to Maharashtra.

C: Autonomous region of Kashmir
a. India declares war on Azad Kashmir.
b. Azad Kashmir shall be defeated and will become “Special Administrative Region” of India (or Pakistan, if they want).
c. Work along-with a “democratic” Pakistan in nurturing its’ economy back to health.

Raj Thackeray : 1. Why Hindi?

Note: Since the national "Hindian" media is far too biased, Raj Thackerays' message has been wrongly communicated to meaning "Spreading Hatred" and "Anti-North Indian". That's not true. This series of blogs is meant to counter the mindless attack that's been unleashed by criminal politicians, rogue television channels (Sahara, India Today group and the countless Hindi channels). More importantly this is meant to clarify the underlying simmer thats' meeting with disgust from the online community.

Raj Thackeray started his campaign against "Cultural Violence" that has been unleashed by North Indians, by questioning the stature of "Hindi" and its' imposition upon Maharashtrians.

To start off, here are some parallel voices from India & Beyond (In reverse order to ensure continuity):

8. Hindi Imperialism: Article in Time Magazine

7. UNESCO: UNIVERSAL DECLARATION ON LINGUISTIC RIGHTS: A must read for all the experts appearing on CNN-IBN, Times Now etc, heres' what the UN has to say about preservation of a regions linguistic rights.

6. Did you know, the constitution of India is committed towards eradicating the use of English, and replacing the same with Hindi? [Indian Constitution Articles 343 - 351] Whether you speak Punjabi, Gujarati, Tamil or Marathi, you would never sound better than anything that speaks Hindi as his/her mother-toungue, and therein lies a natural disadvantage to get jobs, especially government ones!

5. "Making a language (Hindi) that is the mother tongue of a region of India the official language for all the people of India is tyranny. We believe that it will give benefits and superiority to one region (the Hindi-speaking region).... Danger to the people of Tamil Nadu because of Hindi becoming the official language of India is great" - C. N. Annadurai, Chief Minister of TN. [Complete Story & Mouthpiece for Tamil Sentiments about Hindi] [Recent Headlines from TN]

4. The 1940s, 1950s and the first half of the 1960s witnessed many anti-Hindi pro-tests in the form of public meetings, marches, hunger strikes and demonstrations before schools and Central government offices; black flag demonstrations greeted Central government ministers. Most of these were organized either by the DK or the DMK and the general public supported them fully. There were hundreds of such protests from Tamil Nadu and thousands were jailed. Several hundreds were injured when police used lathi-charge to disperse the peaceful protesters. Lal Bahadur Shastri, the then PM, even though supportive of the pro-Hindi group, came up with a set of compromises that denied Hindi the "sole national language" status, realising the seriousness of the issue. [Complete Blog]

3. The Hindi language has been projected as the language of Hindus and the language of the nation by both secular and Hindu nationalists. This paper examines challenges mounted against Hindi by the Dalit resistance movement during the past few decades. We argue that this challenge is part of the construction of Dalit identity which is defined in resistance and opposition to Brahmanism. In Dalit discourse, Hindi is viewed as a symbol of Brahmanism and thus a reminder of Brahmanic oppression. The Dalitist challenges to the dominance of Hindi appear in various forms; one such challenge is calling into question the numerical legitimacy on which the claim of Hindi as the official language of India is based. Rao (2001), commenting on a news report on the demand for creating a separate state of Mithilinachal for the speakers of Maithili, argues, ‘"Hindi" is not one language…. Rajasthani, Bhojpuri, Braj Bhasa, Avadhi and Mithili [sic] are deliberately misrepresented as `dialects of Hindi" when these are in fact independant [sic] languages with different scripts and grammars, and many pre-dating the Brahmins" Hindi’. - [Complete Paper @ NYU Linguistics Dept]

2. "The Hindi movement of nineteenth century intertwined with the cow-protection movement culminated in the naked manipulations of the constituent assembly debates and won the state-language status. But it was the tragic end of 'Godan', forecasted very early by Premchand!" [Complete Post]

Hindi, mis-represented as above is as mythical as many beliefs held by Hindus, and as the reality sinks in with the advent of knowledge and atheism, do we still deserve to be herded in this fashion?

1. Similiar Voice from Karnataka. "What's astonishing about the migrants is that instead of respecting the culture and language of the state which saves them from hunger, they misbehave and impose their language and culture on the local population - a behavior entirely unacceptable anywhere in the world. In advancing the "they are Indians too" argument in support of Hindi speakers when they are clearly culprits of linguistic and cultural crime, the media and the central government give the impression that Hindi speakers "are more Indian" than Marathis, Kannadigas and every other linguistic people in India". [Read blog]

"In 2005-06, seven of the nine states with PCNSDP higher than the national average, viz, Andhra Pradesh, Gujarat, Karnataka, Kerala, Maharashtra, Punjab and Tamil Nadu, are non-Hindi states (Table, col 3). Similarly, of the nine states whose economies grew at a rate higher than the national average over the period 1980-81 to 2006-07, five states – Andhra Pradesh, Gujarat, Karnataka, Maharashtra and Tamil Nadu – are non-Hindi states. Two of the remaining four states, Jharkhand and Uttarakhand, were created only in the year 2000 and in terms of economic performance their parent states – Bihar and Uttar Pradesh – are placed near the bottom, with ranks of 16 and 18 respectively"

Two cities under attack, will India reply?

This is serious!
Lets' vow not to forget the last two days. This no reality show that we are entertained with, nor are the victims and their wounds that are being aired live meant for TRPs. This is for real, if India was ever reeling under a need for definitive long-lasting action, its' now. For all the words that will be poured on this issue, I am shamefully adding mine, but in my case, I've an action plan.

1. Spend one hour daily surfing the internet for terrorist sites and newsboards. There is no doubt those behind the blasts are using the WWW for coordination. A billion eyes can surely catch them in the act.

2. Serious censorship is required on people like Mayawati, who try to communalize things like the Nuclear Deal! Senseless acts are causing India grave harm.
3. In-tolerance exhibited by Gujarat needs toning down, maybe its' time India learns its' religion management well.

4. Bring in watch-dogs for religious schools - dharmashalas, madrasas, convents et al. There needs to be a strong move to either ban them completely, or to bring them under tight scrutiny. Its' mindless to allow Education to be mixed with religion, especially charities.

5. Media should simply start ignoring these events. The only thing sought by the perpetrators is publicity, panic and fear. The media is giving them exactly these on the platter.

6. Restrain politicians from linking these events to politics. It started within an hour, with Mr. Advani asking for bringing back POTA. No act has ever been misused than POTA. it deserves to be abolished, and Mr. Advani should do some explaining what actions his' party's state-govts took when the intelligence about attacks was given to them.

7. Forget #6. That's impossible, I think the people of this country have to take upon themselves to rid the country of this menace.

8. Trace IPs, Ball-bearing sales, gelatin sales, cycle sales. Every citizen should note who in his neighbourhood has which vehicle, and who comes back without his vehicle after blasts. The nation needs to take responsibility.

9. If there are ghettos where the perpetrators live, then the entire ghetto is a culprit. All neighbours should be charged with crimes against humanity, and atleast lose their dignity, if not serve term or fine.

10. Lets' spread the word about the beautiful country, society, community we are all part of, lets' make hatred an endangered species.

Sarabjit Singh: Life under threat due to Stupid Media

There is an unprecedented explosion of "News Channels" in the country...these are faceless mouthpieces of vested interests, and have little role in Nation-building or anything as such.

The worst form of reporting these days is coming from the Times Group, especially their tabloids and the disastrous news channel Times Now. It was this channel that went haywire over the "Kashmir Singh" news-story and in their over-enthusiasm, stepped on national security. Their acts ended in shame, when they got a live confession from Kashmir Singh and aired it nationally. I can remember watching that bit of "news" on Times Now, and the first thing that came to my mind, is these idiots have all but signed Sarabjits' Death Warrant.

It was a relatively no-news, that a teenaged Kashmir Singh was kept in prison and released by Pakistan under International Human Rights Acts, after a good 30-odd years. Yes the family was thrilled, but the country? Questionable! I for one, never got the big euphoria around this whole Kashmir Singh saga. For one, that its' a drop in the ocean. The mutilation faced by Indian-POW as early as the Kargil War, is fresh in my mind, besides this, countless fishermen are not spared when they land up in Pakistani waters. The same country butchered its' own Prime Minister, and then blasted his daughter on a election campaign trail. Further, proof of this non-event was given by Kashmir Singh himself, when he opened his mouth on National media. A spy going to town confessing about his profession? And Indian Media airing it? What brains are running these channels?

Indian government should have stepped in immediately upon his release, and given him a thorough understanding of his role with the media of this country, albeit, its all too late, the pakistani establishment must be feeling thoroughly violated over these statements, and as a balm and also a lesson, is plotting to murder a priosoner of 18 years.

The Indian Government owes it to its' military, para-military & intelligence personnel to ensure Sarabjit Singh is spared, and released. Whether it takes big-bucks, or an exchange of a pakistani-militant. Please Do what it takes to bring Sarabjit Singh back, a few million should be enough, after all, the country is in dire-straits, and we are merely paying the price of release of an Indian, who's a father, a brother, and a son to a middle-class Indian Family.

All said, I just wish we had finished the agenda in 1971.

Nifty: Meter Down!

Nifty is Falling and no, its' not me, or my wishful thinking. Rather its' a sad realization that we are not there yet. A 25% fall doesnt quite happen in a matter to 10 business days, not in the developed markets , atleast not unless there is something fundamentally wrong in the economy.

Ironically the market is going down without any domestic reason. There is no doubt that with oil hitting $ 107+/barrel, inflation is gonna have a field day in India. A country, where oil prices are controlled, will be in for some really interesting political games in the offing. Its' hardly 10 months for the official elections, and anyones' guess on the number of actual days.

With this background and a weak Congress, I see NO support for the markets from here on, the Rs.1 bn cash kitty with Reliance Mutual Fund, or the collective Rs.10 bn (guess) with the Indian MFs. They are gonna let FIIs make some handsome returns.

The redemption pressure on MFs is likely to begin post-march, once the tax seasons' over, people are gonna take one hard look at the disappointing sensex, and likely to cash in / book their profits. Another looming crisis is the real-estate bubble. Where is the support for real-estate prices in a falling market. I see a crisis, if the real-estate even cracks by 15%, thats gonna make banks shiver in their pants. Its' likely that overall Home-loan portfolio in India, given its' overall rating, is no better than the sub-prime borrowers in the US. It's just that in US, atleast they are known to be sub-prime, in India, they are all within wraps.

Overall a very interesting situation is panning out, day traders are gonna have one helluva party. Enjoy your earnings season, Mr. Bear.

The new face of India

Indians awoke to a rude shock on Monday Morning. Black Monday it was indeed, the Indian Hockey Team losing to Great Britain, and thus losing a berth to play at the Olympics. That, the Indian Hockey Federation doesnt give a damn if Indian Hockey is relegated or derecognised was made amply clear by the President, K.P.S.Gill's retort, to not expect "Quick Results".

Hell, this is a 70+ old man, who can never relate to what the real India currently is. Its' the youth that are driving the country and they are far superior a breed to manage, run and achieve results in a manner its' completely unknown to this wise old man.

To me, he represents the scum of India that really makes up for the bottom most part of Indian Society. An adminstrator so in love with his post, that he's willing to sacrifice the pride of a nation, to achieve petty goals. One only wonders, how do the grey heads of India become so morally corrupt and shameless. I cannot think of any other word than Shame to describe the manner in which the IHF has gone about their business.

I think this is the time to think afresh and make a serious attempt at reviving the old hockey days. To start with, India should simply re-introduce field hockey the way it used to be played. On a grass surface. Make no mistakes, the techniques of grass hockey cannot be different from that of turf hockey. Its' far better to have a confident team, than to have a set of proven non-performers. Players within the national league, should be good players in both forms of the game. Theres' no point in adapting to turf hockey, it will only lead to more K.P.S.Gills and we should sincerely avoid that.

The Premier Hockey League, once its' played on grass, will not only attract poor and wealthy alike the turf will no longer be a barrier to young players from all corners of the country.

Lets' atleast make an attempt to achieve results inspite of K.P.S.Gill, just like Indian Economy is booming inspite of the Government.

India Calling: Toyota Corolla Tenth Generation

Toyota has long launched the 10th generation Corolla in various markets, including Japan, US, Australia, South Africa, Jamaica and quite a long list. Looking at Bombay Times these days one wonders if this beauty is gonna make it to India before FY09 hits us.

From the reviews and raves about this tenth generation babe, it looks like a apt answer to the undue dominance of the Honda Civic in the entry-level B segment.

This babe really rocks in looks, and that only echoes what the experts say about this package of energy. I mean, digital speedometers, climate control, and chic looks are some of the highlights of this beauty, who knows the next thing you see me, I might just have been lucky.

Letter to editor@ibnlive.com

Sir,

Thank you for an insightful, liberal and by far the most complete debate on the “Events targeting North-Indians in Mumbai” today (Sun, 10-Feb-2008).

I have been seeing some rather disturbing reporting by north-regional channels (SP Influenced– Sahara, Sensationalist – Aaj Tak, India 24x7, India TV and surprisingly IBN7) and also the times group in Mumbai (Mumbai Mirror).

Is there no accountability left in journalism, and why isn’t anyone questioning the strong northern (one person / group only) influence on the above mentioned channels? Why isn’t anyone questioning the rights of such regionally-focused & biased reporting under the guise of “National TV”?

Please carry on with the quality of reporting and the debates, because your channel is the only hope for liberal minds of our country.

Lastly, I just wish to register my thoughts on the agitation started by MNS, its’ aptly described as “Gutter Politics”, especially after hearing the spokesperson go on every channel in a futile attempt to spread the hatred. I am convinced that, even if Mumbai was comprised of 80%-90% Maharashtrians, these same parties would have made caste / creed as the agenda, and we would have had equal violence under the guise of agitation.

I also wish to appeal to you, to cut-down on MNS, SP, Amar Singh & Raj Thackeray (What's their contribution to India?) related news, Hate Politics needs to be nipped in the bud, and instead, we are providing a breeding ground for the same.

Let’s vow that only Gujarat remains an exception.

Regards,

Milind Kolekar
(A Marathi-speaking Indian)

Diwali - World's Most Dangerous & Destructive Festival

Today was the first day after a night-full of crackers and fireworks explosions. I have always heard of the effect on the environment, but today I witnessed it first hand. Today was an ordinary day with absolutely NO CLOUDS, but it was made extra-ordinary by the fireworks of yesterday. As captured in the photo on my previous blog, the night sky showed a thick coat of smog, and the effect of it lasted the whole day today. The sun was shining, but the day was hardly bright, I'd rate it in-between a gloomy day and an overcast one.

It was surprising and at the same time disgusting to witness such an occurence in my own lifetime. When we ultimately face the consequences of such acts, we'd be left without any options.

I thought I'd seen and lived all my horrors, but instead in the evening, we thought of enjoying the sights and sounds of Diwali, so started off for a drive with a stopover to visit my granny. We parked our Car next to a pani-puri vendor, and before we could get out, there were crazy loud thuds on the opposite side of the road. Few minors had collected all their firecraker "malas" and placed a chain of notorious "sutli bombs" on top of it. Some burning blast fragments were being spread to a area of more than 8-10 meter diameter. One such burning fragments hit the driver side door pane, close to the rubber lining, and my heart sank. I wasted no time, and took my car to a area that appeared desolate (relative term).

But to my sheer anguish, there were a set of people from Anagram Finance, who were in a very "happy" mood at their shop (belonging to one Haresh Parekh, an investment advisor) and were hell bent on setting all their brokerage on fire. My car endured a volley of high-decibel blasts, from less than three meters away for more than 30-35 minutes.

Later on, we took a drive on the link road towards Don Bosco high-school, which I must say is one the best areas of Borivali. The lights' and overall decor was breath-taking. However, to spoil the look, there was a lot of sound being generated by none other than the infamous "sutli bomb", and the hissing rockets. I saw so many of the rockets hit sides of one building or another. It was quite disturbing to see such shameful exhibition of fire-power in a densely populated city like Mumbai.

Lastly, if it's worth, I strongly urge the Indian Government, and the powers that be, to issue a BLANKET BAN on fire-crackers in Mumbai!

Please act now, and save off some quality of life before its' too late.

Goodwill Hunting - Deepika Padukone

India on the global scene is harshly misrepresented as a country of IT professionals, Call-center "Executives" and generally low cost professionals. So it comes as a surprise when India & Indians are presented with an aggressive and overtly glamourous defiance.

What am I talking about?

Om Shanti Om has released today to packed audience. Amongst the several theatrics on TV today, was a news-channel showcasing the publicity visits by the cast of OSO to theatres in London.

And out came Deepika wearing a red Indian traditional dress, that brought the scintillating beauty and charm hidden beneath her calm exterior to fore.

Maybe I'm exaggerating, however it was quite pleasing to see Indian actors being celebrated the same manner overseas as they so boringly are back home. There was much more in store, a bit of googling around for OSO reviews, and the surprise was even much more pleasant. A canadian film critic not only rates OSO 3/5, but goes on to say that "OSO is far better than any Hollywood movie released right now, and one thing you realize is, this movie puts a smile on your face", and concludes with "Must watch".

Great work SRK & Deepika et. al.

BPO Employee Murdered

Why doesnt Indian Government, follow Saudi Principles of Justice, where each criminal not only pays for his/her crimes, but does so in a manner that sets an example for society.

My sincere condolences to Late Miss. Chaudhari, and I pray that she gets justice quickly.

Ban Outdated Rickshaws & Taxis in Mumbai

Mumbai roads have been ruled by Taxis and Rickshaws for over three decades now. Today we are living in a city trying to establish an image on a global stage. Some of the worlds richest people live in this city, moreover the city houses establishments that have become a rage on the global investment front. We are seeing broad developments in the city, be it the roads, the trains, eateries, fashion circuit, airports, hotels et al. But sadly there is one "cancer" that is choking Mumbai to its' death.

According to this report on Mumbai's Pollution, the levels of Carbon Monoxide (CO), Carbon Dioxide (CO2), Suspended Particulate Matter (SPM) & Sulphur Dioxide (SO2) are way beyond acceptable limits in inhabited placed. Other contaminants such as Lead (Pb) and Oxides of Nitrogen are also found in increasingly larger quantities.

There is no doubt that Mumbai's pollution is due to the rapid growth of Automobiles, and the continued usage of dilapidated trucks and vehicles especially Rickshaws and Taxis. What we need is a blanket ban on these, or at the very least trim them to about 10% of their current numbers. Here's why

Taxi
1. Taxi operators are using vehicles manufactured a minimum 20 years ago. Moreover, the vehicles are no longer receiving genuine parts, and one wonders how the engine behaves when its' been subjected to unbranded/customizations.
2. Taxis offer "Zero" ride-quality. These vehicles are having very tough rubber tyres, and the rides in pot-holed areas, or even slight level mismatches on a concrete road are pretty rough. We pay a great amount of money for this?
3. Arrogant Taxi drivers of Mumbai are folklore.
4. Most taxis are sluggish due to conversion to CNG, but their arrogant, uneducated and unmannered drivers always believe in driving on the fast lane (Right Lanes). Some taxi drivers are also known to mix Kerosene with petrol, causing horrible SPM pollution.
5. There are so many taxis' which either do not have a functional headlight or a tail-light or the turn-indicator lights. Some do not have either in working condition. I sincerely wonder why is fact tolerated by the RTO?
6. A quick chat-survey of Taxi-Utilization, reveals that a Taxi may get two or maximum three "bhaadas" every day, requiring one or two hours of driving. However, the driver needs to hunt his fish the whole of 10-12 hours (mostly waiting in queues) to be able to meet this figure. It means on an average a Taxi has only 8%-10% utilization.
7. The union holds the entire city at ransom through their strikes.
8. Whenever citizens really need the Taxi's services, the taxi operators invariably try to rob the person blind. Best examples were 26/7, or whenever sub-train services are disrupted.

Rickshaw
1. The rickshaws are a symbol of Indian Entrepreneurship gone horribly wrong. We have given rise to this ugly animal in our own backyard, courtesy the greed and vision (illusion) of one man. The very purpose of a rickshaw is to provide a low-cost carrier to the common man. Rickshaw fare is almost 82% of a Taxi fare. Are rickshaws' really serving their purpose?
2. Rickshaw drivers are the most notorious drivers in Mumbai. There are a few strict "NO"s that are taught in driving schools, but probably as means of getting back at the society, a rickshaw driver not only practices them, but has ingenious ways to invent more.
3. Ride quality in Taxis' is bad, but in a Rickshaw, its' even worse. The small wheelbase results in serious jolts, add to that the whims and fancies of its' seat designers which range from wooden planks to the cheapest train seat.
4. The three wheel approach lends to a very unstable platform. I've myself been involved in a rickshaw toppling incident, and witnessed atleast 2 of them (No injuries, just bruises). Add to that the fact that a rickshaw is driven along three parallel lines, thus making avoidance of potholes a nightmare. A driver usually takes care not to involve the front wheel in a pothole, the other wheels lead to heads bangs (to begin with) or even miscarriages at the extreme.
5. Rickshaw drivers are known to pick-up fights in a haste, and are a menace to society.

The sooner the powers in question realize these, the earlier we can take Mumbai to a far cleaner, and brighter city.

Visit to Bombay Stock Exchange

There are two phases in every mumbaikar's life. First, when he's not yet come across the charisma, grandeur and the sheer power to challenge and alter your destiny. And the next one, is when you have visited the Bombay Stock Exchange, and interacted with the very men that made it one of the oldest financial benchmarks of Indian Economy.

Okay, I'm still in a kind of daze, about how I could stay away from the stock markets for so long, especially when all indicators were screaming out loud at even putting in pension funds into the stock market.

The reason I happened to visit the stock market was to attend a course on "Fundamental Analysis" at the BSE Training Institute (19th Floor). The course provides a completely fresh perspective into how stock markets need to be approached. An over-whelming feeling that almost took me over towards the end of this session, I literally felt like an ostrich with his head buried into the ground. The few important pointers I gathered from the course were, always study the true worth (Valuation) of a company, before deciding to invest in one. The markets always come around to respect that figure. Keep a keen eye on what the promoters are upto, Indians are criminals when it comes to integrity, and the course covered a lot of examples of such family businesses. Essar group, Naresh Goyal, Great Eastern being a few of them. Another key perspective, which I guess I was not prepared for, was the depth of insight that one needs to have on the economy to make sound / logical calls.

As regards the venue, what I must recommend to anyone who reads this + lives in Mumbai, is to take this or any other course. The view one gets of south bombay, the financial HQ of India and above all, the opportunity to meet the ex-president / leading brokers of BSE is once in a lifetime.
Left: View atop the BSE, overlooking the Gateway of India, Museum and other such landmarks. (Click for a full-size image)

A few things that have indeed unchanged even after LPG has hit us hard, plus since the FIIs and other institutions come together to challenge the dominance of BSE in the form of NSE are the love of money. The whiff of opportunity strikes you as soon as you enter the building.

My sincere Thanks, to every broker, dealer and member of Bombay Stock Exchange. Thanks for making the place I was born in, so respectable, and so desirable!

Below: Video of the brand new ticker and screen courtesy BSE and NDTV Profit

Indian Railways: A bed of roses for Corruption

Its' incredible, how our Finance Minister talks about bringing in all unaccounted wealth under tax-purview, how the proliferation of black economy is hurting us bad at the world-stage. But does he ever question / ask for income details of the thousands of Ticket Collectors operating in Indian Railways?

They are Corrupt, beyond imagination!

I have no words to describe the very means a (dis)respectful Ticket Collector employs and literally make you pay for your desperation or dire needs.

I think this species of humans ought to be classified separately, as their corruption is so blatant and public, its shameful that no one ever does anything about it. Its' about time each Ticket Collector & his spendings are monitored carefully, and the guilty ones (Most likely all of them) are made porters in the same town that they live in.

The modus operandi is very simple, Indian Railways, under the leadership of the worlds worst human being-cum-politician, issues far more wait-listed tickets than are ever possible to be filled. Inspite of having paid the entire amount, the TC then charges his own fees (in cash) to allocate a vacant berth to a wait-listed passenger.

It is a usual sight to see old men with balding / grey heads asking for Rs. 100 almost as easily as a beggar does at signals. But like I said, this is a different species altogether, shameless, humans ready to make a easy buck for virtually a brain-less job. They do absolutely no service whatsoever, the computerised ticketing system does an excellent job of grouping and allocating passengers well, but the illusions of progress are shattered the day one sees the Railway Ticket Collector going around asking society to pay him coz, he aint capable of earning it himself.

Independence from Credit Cards

I've finally achieved a milestone of sorts while managing my finances. I've got rid of all my credit cards, all the cut pieces are on their way to the respective banks.

The reason for this desperate measure is a serious cost-benefit analysis. Some of the factors that influenced this:

1. First and foremost, no matter how bad the risk is for a CC company, it simply doesnt justify an interest rate of 3%-4% per month!
2. The banks have non-standard days of billing, hence its' sometimes difficult to keep track of which bill is due when, especially when the number of credit cards you hold reaches double digits.
3. There is no graded interest payment schemes, so if you default by a day or 30 it will still carry the same penalty! At 3%-4% its' quite a crime that such a system is allowed to be practiced in India.
4. The eagerness with which Credit Cards are issued, only goes to show that this product operates via a PUSH model, rather than a person actually needing to own one. I realised this late, but eventually, that ever since I joined a business school, credit cards have been pushed into my wallet under the guise of "lifetime-free" schemes.
5. Many shops and establishments in Mumbai charge an extra 2% for purchases made using credit cards, so do fuel-stations, but under the guise of service tax.
6. Now, for the most important reason, I'm really not comfortable with the idea that some goons are gonna come looking for me asking me to repay paltry sums like 10K odd. That is the ugliest side of Indian Banking Industry, many thumbs down to ICICI and likes which have employed these tactics (see citation below).

ICICI Bank Credit Card - Terms & Conditions (Retrived on Independence Day-2007)
(d) DEFAULT AND CIRCUMSTANCES
(i) If the Cardholders fails to pay at least the Minimum Amount Due as mentioned in the Statement on or before the Payment Due Date, ICICI Bank shall be entitled to disclose information relating to days past due (“dpd”) of the Cardholder to credit information bureaus / agencies (specifically authorized by RBI). A notice shall be deemed to have been given to the Cardholder by ICICI Bank by informing the Cardholder of the disclosures of information relating to dpd status of the Cardholder through Statements. The time period between statement date and the payment due date of the credit card shall be construed to be the notice period for such reporting of the Cardholder.
(ii) ICICI Bank reports the credit/repayment history of the Cardholders to bureaus/agencies in terms of the dpd. The dpd status will indicate the number of days the Cardholder has not cleared his dues to ICICI Bank beyond the due date. The updated status of the Cardholder will be sent to the bureaus/agencies on pre decided regular intervals and thus there will be no withdrawal of the default report except in the case of disputes having been resolved in favor of the Cardholder.
(iii) Recovery procedure in the case of default: ICICI Bank shall be entitled, at the sole risk and cost of the Cardholder, to engage one or, more person(s) to collect the Cardholder’s dues and/or to enforce any security provided by the Cardholder, and ICICI Bank may (for such purposes) furnish to such person(s) such information, facts and figures pertaining to the Cardholder and the security as ICICI Bank deems fit. ICICI Bank may also delegate to such person(s) the right and authority to perform and execute all acts, deeds, matters and things connected therewith, or incidental thereto, as ICICI Bank deems fit.
(iv) Recovery of dues in the case of death/permanent incapacitance of Cardholder: The whole of the outstanding balance on the Card Account, together with the amounts of any outstanding Card transactions, effected but not yet charged to the Card Account, shall become immediately due and payable in full to ICICI Bank, by the Cardholder, his/her successors, nominees, legal heirs in the event of his/her death (after adjustment of credit shield benefit if subscribed by the Cardholder) or insolvency or winding up of the business of the Cardholder.
(v) Insurance cover for Cardholder (optional) and date of activation of policy:
The Cardholder may be offered various Insurance Benefits from time to time by ICICI Bank through a tie up with the Insurance Company, only upon the Cardholder opting for such a benefit. The date of activation of such policy will be communicated through the website. The Cardholder specifically acknowledges that in all cases of claim, the Insurance Company will be solely liable for settlement of the claim, and he/she will not hold ICICI Bank responsible in any manner whether for compensation, recovery of compensation, processing of claims or for any reason whatsoever.

Fcuk You!

Quack Homeopaths!

I thought I knew! Then I discovered this video, it features James Randi, the famous "Psychic Demystifier", exposing Homeopathy with sound scientific logical and rational explanations.

I simply could not believe it at first, then a bit of googling around Avogadro constant, HomeoWatch, and many more rational articles later, it was quite astounding to learn the amount of serious criminal acts that were being carried out under the guise of Medical Practice. Shameful, disgraceful and henious, are few words that would best describe it...why blame terrorists, these organized criminals are even worse!

Why go further, even Dr. Batras', and institution close home is shamelessly advertising the "Healing Powers" of Homeopathy. Powers of what? Placebo?

I guess its' a very complicated world that we live in, to really accept the means of living such humans have accepted!

Maya Dolas Photo

While the movie Shootout at Lokhandwala is receiving great reception. I was fascinated by the character, that Vivek plays, Maya Dolas. A horrible human being, but nevertheless memorable! So after scouting the internet for a while, I was finally able to find his old photo on mid-day.com website. [1]

Notice the blue cross, it probably was placed after he was shot down at Lokhandwala.

One question keeps coming to my mind, did he represent the Imbalance that Prime Minister Manmohan Singh referred to in his speech to CII? [2]