Category: Economy

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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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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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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?

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Economy reverberation subscriptions thoughts

Golden Gold.


A ravishing beauty,

A golden yellow,

A sparkling  star,

Gold is  up above.

 

An enriching  bounty,

A tempting hue,

A twinkling ray,

Gold is up above.

 

An enticing treasure,

A  rapturous colour,

A glittering spark,

Gold is up above.

 

An enduring charm,

A metallic amber,

A  shining  flash

Gold is up above. 

 

 

An aging grace,

An ancient cherish,

A fortifying  vision,

Gold is up above.

 

 

A scintillating glamour,

A  lucrative  revenue

A screaming  rise,

Gold is up above.

 

 

An exhilarating  gloss

A resolute gain,

A guarded  elegance,

Gold is up above.

 

 

Steep over the hills,

Lofty over the  clouds,

Soaring over the sky,

Gold clambers up

 

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Economy thoughts

Heavy Luggage.


The executives of top notch companies are entitled to excessive pay and generous freebies.. The economy is bleeding . The recession is over taking normalcy. But the top brass go high in private jets to the capital to get alms for their sustenance.

The begging bowl and the jet  show an ironical depiction, a satirical subtlety, and a deranged euphoria.The retrograding economy compels an austerity. The precedent should emanate from the top officer. Then , an ideal, subjugated tempo would prevail over the mid level and junior cadres.A voluntary surrender of a percentage of salary and politely avoiding perquisites by the Chairman and Chief executives  would go a long way in promoting healthy  salubirious condescension to the company which supports them. This conduciveness that looks up in the small nucleus will fetch a powerful acrimony , by alleviating the otherwise obscene industrial perspective.

To forego a little  benefit ,we need a lot of determination ,a full dare out to retrieve the soiled grace, an entire resolution to pull out the economy from the woods. But such a realisation is hard to decipher among the executives. They bargain for even more perquisites, and claim a hike in salary to befit the strain they undergo in conducting the business. If a willing submission is difficult , then the government should appoint regulators to monitor the “luggage”,that is disbursed,and designate inspection to deduce the bonus ,free air tickets, holiday packages and other allowances that are recorded, and  compensations that are not entered.

Austere ,sober , serene movements will certainly push in a quick recovery and germinate a soft blend of prosperity and magnificence. 

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Economy subscriptions thoughts

Silence Is Golden.-Metaphorically.


Bragging and prattling ,make no sense. Chattering and gibbering render you small.Fussing and exacting pose you ridiculous.But being silent and quiet ,remaining placid and passive, staying calm and still ,yields accolade.

The stock market made enormous noise a year back. There was high tone of buoyancy, top voice of celebrations, shrill note of excitement.It was a happy commotion. There was revelry  all over.

Then , the sensex tumbled.It fell unceremoniously. It touched the nadir. There was a pitched wail, noisy heaving, loud disappointment. It was a sad confusion. There was moaning all over.

The price of gold is shooting in a jet speed. It may reach 1500$ level,The predictions are exactly firm. The forecasts are firmly pointing up. It is proclaimed as a safe investment. There is restlessness all over.

The quiet investor , who was steadfastly composed throughout the quaky syndrome, has made profit. A buy order on exceptionally performing stocks has enriched him. They have earned him dividends .They have also enhanced his asset worthiness. Now as, the market is upbeat, his wise act of purchasing stocks at low prices ,would definitely give him an enchanting return.

His methodical ,prudent, exercise steeped in simplicity and quietude has borne fruits.

The adage can be metaphorically alluded to the acquisition of the glittering yellow metal. Golden investments in gold earn silent gains .Profits are in an explosive endorsement.

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Economy thoughts

Indian Bureaucracy-A Tedium


Laksmi Mittal , Chairman ArcelorMIttal , has informed that his company ,is close to pulling out of a$20 billion plan to build two steel plants in India, due to dificulties in buying land.The farmers are reluctant to sell the land ,identified in Orissa and Jharkhand. There are also other procedural delays ,that hamper the setting up of industries,which make industrialists to shy away .

The Tatas,had to undergo similar hardships in Bengal. They ,then shifted to Gujarat, a more friendly region . The political buoyancy ,the Chief Minister, urged the Tatas to put up their plant  in Bengal. The Tatas identified an appropriate land area, started their preliminary work, when Mamta , protested against the proposition . There was a big agitation, shooting,, fasting and clashes, that made the Tatas, to withdraw. Bengal’s loss was Gujarat’s gain. The government ,should have worked on the plans, called for a meeting of the farmers, discussed with the local politicians, and should have arrived on a suitable compensation. All these would have taken place, but in a haphazard manner, or in a hush hush programme.So there was loss of time, work and cost.

The Arcelor Mittal project is also progressing towards similar destiny. Orissa and Jharkhand are industrially backward. The Steel plants will ensue a rapid growth to the region,by bringing in prosperity. If the farmers refute to part with their lands, alternatives should be thought off, instead of allowing such mega projects to slip . The state governments should keep this in mind and sort out the problem, that befits the industry requirement and the farmer’s compensation.