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Showing posts with label Indian News.. Show all posts
Showing posts with label Indian News.. Show all posts

Monday, January 4, 2010

Hail to Thee_India

Jobs are likely to grow in 2010.
2009 was the worst year.
The aviation industry  is posed for a high voluminous increase in providing employment.
The Information technology sector is poised for a nominal growth.Though the industry faces a retarded advance,most companies are in a hiring mood.
Autos are also engaged in an expansion spree. The intake will be most predominant this year.
The attrition appears to be encouraging.
These occurences are not in U.S ,U.K, or other western countries , but in India.


Leaving behind the absorption locally, India looks forward for giving employment to its sons of the soil, who left the nation to greener pastures ,after graduating into medical professionals.
25,000 Indian origin British doctors are coming back to India in 2 to 4 years time.
They would be accomodated in AIMS, which is going to set up eight colleges with an attached 850 bedded hospitals.



So, now ,it is eastward ho.

Iunusually think about the Christmas song,

"Jingle bells,jingle bells
Jingle all the way,
Oh! what fun is to ride
In an one horse open sleigh."

The carol may seem ,out of context, but analysing deeply, we presume that India is in for  a oy prosperous drive.


The Indian is dashing through the snow to return to his native home.
East or West -home is best.

Wednesday, November 18, 2009

Bidding For A Successor.

The Tatas , the foremost business family of India, is on a look out for a successor to the seventy one year old Ratan Tata.
The Tata group, is known for its business ethics,financial charisma, and its investing affability.
The long standing business house ,the Tatas are formidable for their performance and integrity.
Generally, these two do not go together.
But Tatas made both these principles as their code of conduct.


The Tata conglomerate are into manufacturing all sorts of products.
They are into sugar,salt,tea, coffee, cement,autos, software, jewellery, steel, chemicals,,everything from A to z.
Ratan Tata has acquired Corus Steel , the largest steel manufacturer in the world
He has also made a surprise deal in the Jaguar ,Land Rover acquisition.
This bold move has pinched the Tata's finances,as the recession is underway.
But they have repaid the $3 billion borrowings , in the most difficult circumstances.

Now , the successor to this business empire has to be located.
Ratan Tata, has expressed that there may be a possible reference from the family.
If the candidate is an Indian citizen , it would be far easier to cope up with the Indian business portfolio and the Indian way of conducting transactions.
As of now, the group has gone global and the incumbent could be also an expartiate.


The hunt has taken wings.
The Tatas would certainly embark on a candidate ,worthy to adorn the shining mantle and fit enough to wear the glowing attire.

Thursday, November 12, 2009

India At Crossroads.

It is
Agriculture Vs Industry


Business Vs Job


Village Vs City.


Which do the Indians prefer?


Agriculture was the back bone of India. India is the largest consumer of rice, wheat, cotton and cereals.
Drought and flood intemittently affect production.
The farmers toiled hard to make both ends meet.
The agrarian community led a hand to mouth exixtence in the villages ,which had no proficient inrastructure like schools and sanitationIndia became a nonself supporting nation.
In 1960, M.S. swaminathan ,brought in Green Revolution.
There was a sea of chaange.
Indian farmers made money, educated their children in schools in neighbouring cities.
The green revolution , brought in vast progress, but in the four decades that followed, there seems to be a presumably disorientation.
The sustainability of land has been spoilt.
Chemical fertillisers increased production , but decreased the fertility.
A mother who gives birth to many children is proclaimed high as the most fertile woman, but her health suffers a setback due to frequent pregnancy, labour, and bringing up children.
The main symbol lost its significance, while the ancillary icons gained in popularity.

Educated children did not want to go back to the villages. They found a job in the city.
The job gives them assured income, security, besides the rental income they get from the land rented to tillers.
This concept is gaining momento.
Villages are deserted.
Agriculure is neglected.
Business gives way to employment.

It is an era of change, of reform. of transference.
Another transformation will earmark an exodus to villages,.
Cities ,with their hustle and bustle will lose their lustre.
Change is the only thing that is permanent.

Wednesday, November 11, 2009

Ambanis Excel

Ambani brothers are once again in the limelight for their dispute.
Kokilaben , the Ambani empire's mother brokered a pact between the two brothers regarding sale of gas.
The Krishna Godavari dispute is being argued in the Supreme court.
Harish Salve , while arguing for Reliance Industries, said private pact between two people cannot bind a corporate entity and its shareholders.The pact has no legal validity.
The private deal by Kokila ben makes the selling price as $2.34/unit to the younger brother Anil Ambani's Reliance Natural resources.
The price tenure and quantity were based on a family reorganisation pact in 2005. Subsequently RIL had said that it cannot sell at this rate and had quoted $4.20/unit.
The RIL chairman ,the elder brother ,Mukesh Ambani has signed the pact. But the RIL board has never approved it.

An interesting engagement is keeping us in bewilderment.
Well, Did Mukesh sign the pact as Chairman of RIL or as eldest son of Kokilaben?
The mantle of the son does not work here.
It is his position as Chairman of the company that makes an impact.
Before signing, Mukesh Ambani should have procured the consent of his board
Why did he not do that?

If everything went well with the siblings the pact would have seen many approvals.
As there is bitter rivalry between the brothers, the private pact has lost its form.
Salve, a legal genius , is playing on the bare discrepency, that of private and corporate.
It is not the shareholders that are the primary concern of RIL's refusal.
It is the ego of Mukesh that is holding sway.
Tomorrow it Jethmalini's appointment.

Amabni's excel in business . They also excite in histrionics.

Sunday, November 8, 2009

Fits And Starts.

A lively exercise is being deterred by inflation.
A systematic progress declines due to poor monsoon.
India's recovery is seen in fits and starts.
India's slow recovery gets marginalised by fiscal deficit.
Social commitments and infrastructure development ,has got affected by this dormancy.


The disinvestment policy of the government to sell its stakes in Public Sector units,will give a surplus revenue of 250 billion rupees.. The government proposes to deploy the amount in social sectors.
The government has borrowed Rs.4.51 trillion, to und its record deficit.

The communists are against the disposal of governments shares.
A wide spread agitation by the communists is expected.

One remarkable feature, that propounds cheer, amidst slight gloom, is that the manuacturing industry is doing well and exports are growing.

So far so good.

Bada Koda

Madhu Koda, Jharkhand's former Chief Minister,has been summoned by the enforcement directorate for interrogation.
This student activist turned politician has been charged with laundering 4000 crores,almost a fifth of the annual budget of the state he once ruled.He owns a coal mine in Liberia, hotels and three companies in Mumbai, property in Kolkata, and hotel in Thailand.

In 2000, he was elected to the assembly with the BJP ticket. He became a Panchayat Raj Minister under Chief Minister Babulal Marandi.In 2005, he contested as an independent candidate, as he was denied a ticket by BJP.He won and agreed to support the BJP government led by Munda. In September 2006, he withdrew his support to Munda.He was chosen by the United progreesive Alliance to become the Chief Minister.He resigned on September 2008.

On October /10/2009, he was accused of acquiring enormous wealth. He to escape the arrest , has got admitted in hospital for illness. The tax authorities claim that they have discovered documents relating to severalillegal transactions worth some 200o crores (20 billion).

Koda has done wriggling in a short time.It is beyond imagination, beyond comprehension.

Wednesday, October 28, 2009

Nail The Guilty.

The raids conducted by the CBI in telecom ministry regarding various telecom companiesreveal vast irregularities. The sale of licence in 2008 was conducted in the "first come first served basis"at 2001 prices without competitive bidding or auction.The DOT also put a cap on the number of applicants against the advice of the telecom regulator.

The connivance of private operators with the officials in the Telecom department
may have caused a 22,000 crores loss to the government.Mr.Rajeev gupta , promoter of Nirvana management group,has been interrogated,and his ofice raided.CBI has also visited Motorola Indian office in Gurgaon.

The minister in question Raja , has denied all charges.It is but, a usual course of event.
The government should take action against the guilty.
Law is same to a small time thief , and to a big fraud who swipes thousands of crores in one deal.

A petty theft of few hundreds is considered as a serious transgression.The wrondoer is put behind the bars immediately
A swindle of billions is kept at bay.It involves investigations, trials and subsequent upholds.
The accused moves about denying allegations. If nailed ,would try to come out on bail by paying heavy amount.

Alarmed to perceive the parity between the rich and the poor, even in mishappenings.

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