Month: January 2009

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State Bank Of India-Holy Angel


State Bank Of  India ,the grand old  institution,has been cornered . It has advanced Rs 200 crore loan to Ramalinga  Raju -a personal loan,against no collateral. This amount has been taken by Raju to fund his sons ‘ projects.If the loan is not repaid in 90 days, then it becomes a bad loan,.Raju has borrowed large funds from several financial institutions to dress up his  debts.

Southern Petro chemicals , SPIC, in short, owes several millions to State Bank Of India.SPIC has become a non performer. Yet , State Bank of India , has not taken any action.

The people behind these cited companies  are grand in stature, pose themselves to be top industrialists, move in high  circles, have personal  rapport with ranked officials, ministers, and politicians. The rewards , a decent way to  call bribes, they extend to the greedy bureaucrats, and politicians , are  fantastically excellent. This superb initiative by the  borrowers dumbfounds  State bank Of India.

Fine  alterations and passive moderations are enforced to deal with such impostors by State bank Of India.

Rigorous chemistry  and intriguing addictions are impounded to react with  frank transparent good persons.

This hypothesis  of State Bank Of India , is truly a reflection of the Holy Angel.

This selfless concern, of State bank of India ,for the welfare Of Satyam and SPIC promoters ,is  a virtue ,and can be called as ALTRUISM.

Let us sing the praise of The HOLY ANGEL- State  Bank Of India-Long Live your disguise., Long Live your partiality, Long Live your Prejudice, Long Live your foolhardiness.

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How Many Raju’s In Corporate India?


Corporate India has lost confidence. The investors are shocked. The  business  ethic is lost. The gloom and despair  have numbed the enthusiasm of the public. The government is gaping and mulling with fingers crossed.

Advising the investors  by  working on EPS and on PE ratio,is ridiculous, considering the Satyam saga.  The bank balance is a farce, the liabilities are  fudged, the assets are cocked up, the profit is exalted. With these fictitious figures , calculation becomes difficult, more so erroneous..Finally the investor is in a fix. The advice  is absolute malaproppism.

Now , the curious mind is rattled, at the thought of many more Raju’s surfacing, either big as  our hero, or small as say Rajan.Rajus and Rajans  have taught us a beautiful process of  amassing wealth with other people’s money.
They move about in jets,and BMW’s, holiday in Mauritius, Maldives and Switzerland, acquire thousands of acres in their home town,hoard gold diamonds and silver Their resplendance with ostentation , achievements with fraudelence,enthusiasm with pretentions beguile the poor investors.

The regulators, the chartered accountants, the cost auditors, the company secretaries ,the registar of Companies, the Income Tax officials, the company Law Board, and the Banks and financial institutions back up such cheats nd fraudesters,and take punitive actions against simple ,sincere modest entrepreneurs.

Who is to be blamed ? Who is to be put in gallows?

Can we single out one person ? we  should throw the entire team into a pot of fire . The ash has to be dissolved , lest they may rise once again like Penguins. 

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Satyam -Conscience =Raju


Ramalinga Raju has resigned from Satyam Computers. He is the author of inconsiderate  delivery, infidel attributions ,insincere associations,and incongruous methods.

He has done much harm to India.His confession that balance sheet at September 30/2008, has inflated  non existing cash and bank balance of50.40 billion rupees, understated a liability of 12.3billion rupees and overstated  debtors position of 4.9 billion rupees .

It is a shame on Ramalinga Raju., who has made the announcement with “deep regret and tremendous burden that I am carrying on my conscience.”

Regret , burden and conscience- the three words carry a lot of impregnable interpretations.

Toying with integrity, rigging the financial ,squandering investor’s money, overhauling the personal stature, deriding the sentiments  and then move like a “Holy Cow”, signals a nasty ,notorious plague.

He is prepared to face the law of the land and consequences thereof.

Did he think once about his shareholders and 53,ooo employees , once , in times of pristine glory?

Never did he. The indifference to the investing community  by his emboldened attempt to transfer huge funds to the family owned subsidiary Mayatas has brought the ruin.

Now , what was the Board doing all these years?

What did the auditors scrutinise  all these years?

What did the accountants  account all these year?

What did  SEBI , the regulating body  watch  all these years?

We have to conclude , that not only Ramalinga Raju knew about it, The Board ,whose members come from a high profiled background were well aware of it, the auditors have professionally lent a helping arm, the accountants have contributed their might , in cheating the investor in particular and the public at large.

What did they avail for rendering such ignominious services?Must be a handsome reward for expressing sacrilegious lies.

Kitties  got filled up. Honesty got dried up.

Strange are the ways of getting rich. This is the behavioural tendency of the “Nouveau Riche.” A traditional rich  will act with reverential morality and dutiful righteousness.

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Furniture Then And Now


Beauty is in the eyes of the beholder.

Beauty is in all things.

Furniture add charm to  a house. It is the sofas, divans, the dining table , matching chairs, and cots add charm to the house,  which is otherwise a mere concrete structure.They personalise the house thus the word Home is acquired.

House denote a place of living. Home brings in the intensity of the living, the effervescence of life, the beauty is translated.

The furniture in a house reveal the mind of the possessor. It is not the money which shows your self. It is the taste, rather the chaste choice, the discreet selection, bring out the style in you.

A living room ,reflects the aesthetic sense of the occupier. The intricate designed settees, the matching centre table and the fitting flower decor brought a glow to the environ. The gleaming rosewood, the sparkling teak , or the majestic oak were carved and made into impressive sofas. They had a lovely upholstery which gave a grand portrayal. The dining table and chairs were equally royal and exhibited great elegance and style. The cots had a floral pattern encarved  in the bedsteads,and the fine wardrobes  displayed a fineness and grace.

Now these excellent art pieces have given way to plastic chairs and tables, compressed wood  articles-and wrought iron furniture,  which are easy to dismantle, easy to manage, easy to buy, because they are not expensive,easy to transport.

All these easiness are manifolded , but they lack the only one exclusive trait-beauty, little modified , homeliness. The new found are commercial and lack the cosy warmth that exudes in the wooden furniture.

The latest furniture are also not Eco friendly. They pose a threat to environment. They are not degradable, not digestible by earth. They are a perennial source of harm and disaster.

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Setting Right The Economy


Economy has to be put in place. It is to be nourished back to health. The viability lies not in the stimulus package, nor in the atonement of bureaucracy, but in the sincere attempt to live honestly ,and eschew greed and ostentation.

Little is seen in this direction , the world over.

Corrupt officials , who had initiated the current crisis , by their flawed techniques  are not given a jolt , instead  are enfolded in the new curriculum.This has to be taken care off. Call a spade a spade. Do not succumb to choices and favouritism.

Big corporates ridicule ethical governance. They adopt feverish courses to project an attractive balance sheet. Their profit and loss statements are the result of the fertile imagination of their accountants. To keep them as models, the governments freely hand over loans and guarantees. The genuine firms  are  back tracked and penalised, for preserving austerity and soberity. This mode of application  has to be removed from the economical scenario. There should be a clear  distinction between real and unreal, original an fake , fact and fiction.

An integral solution to the mess ,is an impartial inspection and a candid progression to cleanse the rituals of gross impediments and castigate the wrong doers.

The current economy  manifests ,that the more you are corrupt ,the more you are insincere, the more you are in scandals , the most you win ,the most you reap , the most you thrive, and the most you wallow in wealth.

This momentum has to be arrested. This impish practicals have to be deleted . A strong government has to  assume charge to dispel and drive the gross illegal implications.

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U.S Economy “very sick” says Obama


Obama’s statement causes worry.The country is reeling under recession.He wants to provide employment to all by adopting “”use it or lose it”policy.A meritorious project for the long time and an inclination to do stuff that boosts economy quickly ,is the systematic agenda of Obama ‘s governance.

This phrase of Obama ,dubbing economy as “sick”, calls for a reference . A dissertation was presented by a management student, on Failure of Spinning Mills In South India. The student had mentioned that the spinning mills have become sick ,attributing various reasons for the failure..

The Professors in the panel got furious at the word sick. They struck tthe word sick in all places , wherever it was found. The submission, .otherwise a super performance was blinking with red marks.

In the foot note, they put down that only persons ,animals get sick. The word will not explain the redundancy of a company or an economy  Things with life  fall sick and things without life become unviable. was the explanation put forth by the panel.

I was amused. Normally we do call failing industry as a sick one. But the argument of the learned Professors is exact and duty bound. I go with them.

Obama has to replace sick with unviable.

Living beings can be cured., lifeless have to be set right . You cannot set a dead  man alive, but restore the wrong  economy right.

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Buffet -Loads Of Money


Buffet hammers on the most driest business,as he has limitless cash,which leads him to eternity.

He has put more than 20 billion to work last year.,while most investors panicked .

His Barclay’s investment  has purchased 80% of Israel’s metal cutting tool manufacturer Iscar metalworking company for 4 billion.It invested 4.5 billion in  Marmon Holdings, and3 billion in Dow chemicals.

He exploded when the stock markets became weak. He is a sure guide for long term funding, and many take his lead.He took a hasty move when he subscribed to Goldman sachs and General Electric.The shares have come down by 30%. Invest he may in recession, buy  he may buy stocks of loss  making companies, stand out he may when the rest were intrigued, Buffet is still a mortal, prone to weakness and rash judgements.

Buffet is a fine take, but  his strategies kindle awe.He  has tonnes of money, he can take risk. He is a predicament, a phenomenon,a hero , hard to imitate, difficult to follow. He is his own reward.No recipie go to make this man .

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A Journey Unqualified.


I am not a good traveller. Travelling is not my forte.

I avoid going to places, as I am a bane to the co travellers.I like to stay at home ,and get satisfied seeing places in the net and reading about them.

People cannot be static always. i had to take a trip to see my son, who usually comes to see me,thus keeping me away from travelling. Mostly , I fly. This time as an economy measure , I opted for railways.Indian railways has made a tremendous progressall through the years. The trains ,are comfortable, well maintained, but overcrowde.d To get a ticket , I had to hire a travel agent,and got the middle berth , the most unpleasant accomodation, anyone can think off.

Come what may, I dared to travel. I caught the train, on time a minute late ,it wouldhave crossed the station.. My spouse was furious. This is another weakness of mine, which iritates all.After a few hours of conversation with my fellow travellers,I climbed up to my berth. I knocked my head on the upper railings, and my leg hit the barricade. OOps. I whimpered, then with much effort, spread my sheets and tried to sleep. I tossed this way and that way, counted one to ten, many a time, and thought of many pleasant episodes, just in matter , I fall asleep. But sleep eluded me.People beside me were in deep slumber, some  even snoring . I  stayed wide awake. My hurt leg started aching, and I was in utter discomfort. After ,few hours of groping in the dark, I fell asleep, I know not how.
At about 5.45 in the morning, I awoke, and to my dismay, the train was nearing the suburb station, where I have to get down. I pulled myself up, my hurt leg was causing trouble, but I had no time to think about it ,I put the other leg in the railings, and with excruciating pain brougt the hurt leg to position, then slowly came down. Mean ntime the train whistled through the station. Hurriedly , I collected my baggage and leapt out of the carriage. puffing like the tranport, I travelled. I made  my way through the crowd, and my litle one , though now a 25 year old young man, rushed towards me.He took charge of me and my luggage. Seeing me in a disarray, he chided me for opting the railway.

My pain in the leg and the horridity , I encountered , melted when I saw my youngest kid..

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Histrionics


Histrionics in theatre is a common emblem.

Histrionics in politics is a new found etiquette.

Histrionics in life is an unpalatable ethic.

This perception is gaining momentum in daily activities.

This has also enhanced privilege and perks during the course of enactment.

An excessive show of emotions pull the string, work merits, and buy credits to the actor.

Prattle undue, flattery utmost, boisterous guffaw, propaganda cheap, mercy undemanded, tears crocodile and break down unusual earn a marked profit to the   proposer.

Gibbering gains popularity, excessive compliments win laurels, laughter aloud stimulates benefits, publicity promotes rapport, sympathy unwanted usher  relationship. weeping uncalled heralds awareness, and unassuming collapse enhances the gravity.

Histrionics in real life is a gift ,which not many possess. Those of whom who have researched the subject and engage in performing overwhelm the sincere and straightforward in wealth and and in admiration.

The camouflage of the self, the disguise of the individual, the cover up of the apparent qualities, the digression of the extensive symmetry lead to a world of make belief, and proclaim  an onslaught of epochal fame.

Histrionics is a personal disorder, pronounced  by a pattern of attention seeking behaviour and emotionality.

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Art Of Writing.


Master the art of writing ,  you have masterd the world.

Pen is mightier than sword , is the age old saying. True to every word of it, writing is sharper than the dangling sword.

A swordly action ,produces immediate result, brings out blood, and puts a quick end to all issues.

The issues may be temporiarily hushed up, through fear and anguish. But .after a short  interval ,it looks up. with more vindictiveness, and vengeance.

Again a dastardly fight erupts, marching towards destruction and chaos.

The small pen with its tiny sharp nib has created history,  has rewritten many annals of past, has provoked many revolutions, has aroused many nations to rise against anarchy, has agitated the mind of the people.It  has brought peace and tranquillity on one side, has quelled the anger of the crowd , on the other side .Pen is razor sharp , it has two sided edges.

Writing also enthuses affection, stimulates concern and  creates a bond between the author and the reader.

Verbal pomposity is much appreciated by all, but written document is very much approved and taken as an authentic proof.

We  can talk  without sincere preparation, but to write we require dedicated work out.

Less , divisive , edicts find a place in oration. But high ,selective,deference are marked in writing.

Reading maketh a full man,conference a ready man,and writing an exact man-Francis Bacon.

Bacon’s  words are extremely true. Writing  chastens a man, ennobles him, enriches his personality , enlivens his spirit and. energises his passion.,