Month: October 2009

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Economy subscriptions thoughts

How To become Rich?


How to become rich?

Do not work,

Do not invest,

Do not build,

Do not think,

Riches come to you.

 

How to become rich?

Do cheat,

Do manipulate,

Do illegality,

Do deceive,

Riches will come to you.

 

How to become rich?

Do not earn,

Do print,

Do not toil,

Do deprive,

Riches will come to you.

 

 

How to become rich?

Do squander

Do not  save,

Do plunder,

Do no justice,

Riches will come to you.

 

 

How to become rich?

Do all fraud you can,

Do as much  scandal as you can,

Do  all counterfeiting   you can,

Do as much scheming you can

Riches will rush to you.

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Economy subscriptions thoughts

Insider Trading -India Far Ahead.


Insider Trading ,has attained a star status, as Raj  Rajaratnam, Anil Kumar, and Rajiv Goel, Chiesi, Moffat and Mark Kirtland got arrested in a $ 20000 with four counts of security and eight of securities fraud. 

This trading secret was deciphered in India, as early as 1992.Indian memory is not so weak as to forget the Fair growth financial services, promoted by maverick ex banker Ratnakar, who was also involved in the share market scandal ,which was hosted By Harshad Mehta.

 Rich P.Chidambaramand his wife Nalini invested a fairly large sum in the scam tainted Fairgrowth and became richer instantaneously.When the  irregularity was exposed,  Chidambaram resigned. His submission was accepted by the Prime Minister Narasimha Rao,much to the alacrity of  his brother and the public. This move Of Narasimha Rao, was tacit presumption of  Chidambaram’s culpability  in the scam.

1992 is seventeen years from hence. Indians had overtaken the other world by a decade and a half . Indians always think ahead of their times. They possess an intricate foresight

The  keen insight in tracking loose plugs in business, meticulous meandering  into the loopholes of market, scrupulous foraying  into the shoddy virtues of  commerce,are a resounding peculiarity of most of the successful Indian businessmen.

An ordinary Indian ,who resorts to unsavy methods of business , becomes a millionaire overnight.

A millionaire , who  engrosses  himself in unethical procedures of  commerce, achieves a billionaire status over a day.

The Indian decorum  in business world is nonplussed  

  

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Economy subscriptions thoughts

Internal Eruptions.


The Indian Business school , is one of the best management institution in India. It imparts class education.The institution, is in the limelight for wrong reasons.

Rammohan Rao, its dean ,presided over the fraud botched  Satyam computers., allowing it to buy Mayatas Infra and Mauatas properties. After the  outburst of Satyam dubious deal,he stepped down as dean, but still is associated with the school.

Now Anil  Kumar a top executive in the global consultancy firm McKinsey&co, who  is on the board of IBS,has been arrested for his alleged role in the network of insider trading masterminded by Raj Rajaratnam.

The Indian Business School  is in tight spot.

The Dean and the executive member are associates of fraudulent entrepreneurs..

The school  with a big banner  should  inspire entrepreneurship. But the two members on the governing council instil  a rare kind of interest, that of earning in the wrong way.They behest a bad precedence.They have earned  illegal ,illicit wealth. Their reputation is a sludge. 

Loopholes in trading, exceptions in rules, derogatory tendencies in  provisions pave a negative direction to  business.
The prestigious school is in a delicate, piquant situation.

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Dementia


Of late , this symptom has  become a serious disorder . The loss of memory, lack of attention,drawl in speech,unable to solve problems, failure to identify apt words, are some of the cognitive disorders associated with this disease.Aged  are affected. This is mostly incurable.

Obsession and distractions lead to dementia at times. Forgetfulness is a mild form of this  disorder. My memory is  amazing. I remember incidents  that happened a few decades back.Dates  of important events get registered in my mind. Names of people I meet  never get erased from my memory. Stinging comments , humiliating experiences remain fresh in my  brain.

The pride  of my memory, got diffused a few days back. I booked an air ticket. I booked it online. Took a print out of the e ticket. A day before my departure, I glanced at the  print out. Gosh! It was absolutely erroneous. A serious aberration  was  staring at me  , as I had purchased the ticket  by inter changing the city of origin with the place of destination. The ticketing was done a fortnight back. How did I miss it?. How did I do that? I was ashamed of my forgetfulness.
Then , I had to rush through the cancellation of my ticket. Thank God! as it was refundable order , I lost only  250 Rs. The amount , though small,. was a result of my digression.
I was in a disarray the whole day. The memory, a very precious asset of mine , is slowly taking leave of me. What will happen , if this alarming piquancy persists?If this continues , I may not know who I am? I may not know , where do I belong?I may not know ,how I live? My remorse kept me sleepless, and distraught. But , my memory , came out from its slumber. Patting gently,it said “you are going too far. This is a transitory set back. Be cheerful”.

Shirking  my disenchantment ,I rose up from my reverie, with a hope , that such  mistakes will not recur , as my friend Memory has assured a renewed vigour in its performance. 

  

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A Diwali-Sans Romance.


Diwali , a festival of lights, failed to bring cheer to the Hindu community.It rather cast an environment of disappointment . It was a sad call to people to delve into an affliction that  proclaimed  their inadequacy.

The charm of Diwali, lies in buying brand new articles. This year, undoubtedly saw the commodities rising to insurmountable levels. Gold is pitched at 1060$ per ounce. Silver is quoting 17.42 per 10 grams. The consumer products , rice, dhal, sugar, vegetables and fruits are keeping the price range in the unaffordable  levels.

Hindus buy new clothes  during this festive season. They had to restrict their buy to moderate  qualities ,as pure silk with zari work has shot to astronomic heights. Another portion of their expenditure , circumvents around preparation of home made sweets and  delicacies. This was also kept in compressed position ,as the raw products saw an inflationary trend in their prices.

The movement of the people from cities to the native places , also got affected by the rise in travelling costs. The rush during this period is usually very heavy. Ticket availability in all modes of transport was nil . The airlines ,which is the most expensive mode of travel, also threw out empty hands. The situation will last till mid January,.

The festival had a clean sweep over the wage earners pocket. The bonus was also insufficient to make a complete wrap up of the requirements. But  as new purchases have to be made, people had to exert themselves to celebrate the Festival of Diyas.

As the question of sustenance is hovering about, revellry  has  to take the back seat , undoubtedly. Years back , with a few hundreds, Diwali was  celeberated in pomp and splendour. Inflation has not been halted , as the government puts forth. It is in the upswing.The dizzy dangling of price levels  sets our heart pounding.

 

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Economy subscriptions thoughts

Raj Rajaratnam Edged Out.


The billionaire hedge fund  manager Raj Rajaratnam was arrested on insider trading charges.He made money by investing in stocks with highest earnings. It sounds good. His prudence in buying stocks was not a result of analysis, but by the tip off he received from insiders. There lies the catch.

He got information of Polycon earning announcements,Google earning estimates, and Hilton take over.He traded on behalf of his company Galleon with this clue .

Goel provided news about Intel  quarterly earnings.As payback for Goel’s tip , Rajaratnam  or his nominated entity ,executed trades in Goel’s personal brokerage account in respect to Hilton and People support ,thus depositing 250,000 $in Goel’s account. This is an illegal profit  for Goel. 

Rajaratnam traded with insider information leaked out by Kumar on the transactions of two Abu Dhabi bases sovereign entities.Chiesi  passed on tips about Akamai Technologies to Raj , who acted swiftly on behalf of Galleon . Robert Moffat circulated inside information about Sun Microsystems, which was to be bought by IBM.The input gave Chiesi $1 million profit.

How many ways are there to earn money?

Earning by just means  is a little depressing , when the revenue generated by illicit methods is so lucrative. This insider information has been in circulation for a long time, not only in U.S, but also in Other countries.  The trendy  moves of the company  is utilised to make money . The chief executives indulge in such process to make loads of money.

Greed is manifested in so many forms. This manoeuvre of hedge funding is the latest addition to the family Of greed.

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Economy subscriptions thoughts

Economy Muted, Employment Routed


The worldwide recession is drawing to a close. It has been halted by stimulus package. The Asian countries have taken the supremacy  over economy. China’s growth is amazing. India is carefully treading China’s curve. The  dollar is losing its importance.A new currency  will soon make an advent . The baptization of this currency ,which is going to be a mixture of euro, yen , rupee ,yuan and lira , will be performed  shortly.

The world has not been as successful with employment as it had been with Economy. Job cuts still exist. U.S was the most attractive destination  for Asians with respect to employment.. But , in the course of this economic down trend , a drastic lay off and an emergent disposal of jobs were enforced.

The resilient stayed back . But ,the less courageous returned home. The situation  is still deplorable. There were incidents of suicide. The huge salary ,which placed the migrants in a plush alibi, has been  withdrawn. They ,who had borrowed heavily , to purchase  houses, cars , and other amenities could not make over their loans. They found themselves in enormous debts. With no revenue the liabilities looked so gigantic., and got magnified. This eccentricity drove many , not only migrants, but also natives to end their life.

The economy has been reformed. The employment is still in a pathetic wreck.The determined ,who stuck to the job , in spite of low salary , are in gripping fear. What is going to happen ? is the query boggling their mind. But , the sensitive ones, unable to tolerate the shoddy pay packs, have come out of the cruise. They are mopping in the dark, pining for the hay days, suffering for no fault of theirs.  A serious consideration  has to be expedited to resolve the burning issue. If not looked in time, there will be an outbreak of epidemic financial  disaster in the  guise of  job loses.

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Green Revolution


Green revolution was first introduced in Mexico in 1945. It allowed food production to keep pace with population growth.Social and ecology affectations were found in excess .

India was in brink of famine. The green revolution ,was brought into effect by the agricultural scientist M.S. Swaminathan. Rice yields per hectare multiplied thrice , four times in India. Wheat also grew abundantly in Punjab. The revolution was a grand success. India achieved a satisfying mark in the production of agricultural yield.

This was made possible, by the usage of pesticides, fertilisers , and irrigation techniques.The soil which had been treated with natural manure, like cow dung, goat  and hen excreta,dried waste received from the degrading disposable, like vegetable  left overs, molasses, coconut exteriors, reacted superbly when meted out with this chemical compounds.The production of rice ,wheat and maize rose in leaps . The farmer’s delight elevated in bounds.

The prosperous progress  was in high swing for three or more decades.The reverse osmosis is attacking the glory with ardent fervour and resounding vigour. The land, which has obeyed Man’s command, is rebelling  in animated violence. The fecundity of the resources has been wickedly spoilt by the  reckless practice administered by the principles of Green Revolution.The artificial nutrition applied to the soil has robbed the reproductive capacity of the land. The out put is a contaminated content of chemicals.The consumer  is exposed to this ill founded  extravaganza. He ,unknowingly partakes food which is a wholesome product of pesticides , nitrates, sulphates, and phosphates. Unwittingly , he succumbs to the gruesome  threat. He loses his immunity. He contrives diseases which are highly detrimental.

The green revolution is a short span recovery , which ultimately turned into a ruthless endeavour ravaging the provider and the consumer.

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Vagaries Line up.


Floods in North,

Drought in South,

Quakes in East,

Tsunami in West,

Nature unpredictable.

 

Plenty  in  few areas

Inadequate in many  arenas,

Sound in certain spheres,

Empty in most sectors,

Nature incomprehensible.

 

Gigantic in stature,

Dwarf in structure,

Enormous in means,

Minute in details,

Nature  improbable.

 

Old live long,

Young die soon,

Trees withstand,

Saplings succumb,

Nature Undesirable.

 

 

Honesty  in distress,

Dupes in excess,

Righteous in harm,

Fraud in charm.

Nature  unreliable.

 

Peace is unseen,

Riot is prevalent,

Wisdom is rejected,

Folly is accepted,

Nature indifferent.

 

Vagaries in climate,

Vagaries in riches,

Vagaries in form,

Vagaries in behaviour,

Vagaries in abstraction.

Vagaries line up.

 

 

 

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Economy subscriptions thoughts

Anil Ambani Perspires.


Anil  Ambani ,after a pilgrimage to kedarnath and Badrinath ,wants to reconcile with his brother Mukesh. A message has been sent and the elder Ambani ,has welcomed it. The four year tussle will end . Anil wants  this to happen ,as this would be a fitting gift to the mother Kokila Ben ,on her seventy-fifth birthday.The sons will make the mother happy with the expensive presentation , at the expense of India.

The stock markets saw a prospective rally,because of this peace talks. A family in fight works on India’s economy. The Reliance group  is the biggest business group in India. The contribution of the public to the growth of the companies are excessive . In fact ,the promoters holds less percentage of share than the public.

If a country has to move in the right perspective, then the control of economy by Ambanis should be minimised . The government should not succumb to the gimmicks of the brothers. The Finance Ministry should  be firm in dealing with their claims ,regarding Reliance Petroleum.

Will Manmohan Singh act?