Category: turmoil

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Latitude And Longitude Of Debt.


Earth is essentially a sphere. It is a habitat of mortal life.

The geographical coordinates  are called latitude and longitude.

This is an indulgence unfamiliar, leading to a comparative study of earth and debt. The  imaginary lines , around the planet Earth, reveal the intricacies of the earth’s formation  and location of a place. The lines of the financial are cynically  dubbed as latitudes and longitudes, in this post  throw extra  focus on the intrinsic value and the status of the constituent.

Debt  is an amount owed to a person or organization. It is an obligation to pay money under an implied agreement.

Latitude,  geographically is measured from the equator . It measures the angular distance between the equator and points North and South of it on the surface of the earth. It is attributed with positive values going North and negative values going South.

The financial latitide  ,is measured from the debt. At present , the positive results are apportioned for the  elite and snobbish.. The negative points are set apart for the sincere and modest .

Geographical longitudes  are meridians , which run perpendicular to lines of latitude,and all pass through both poles.A degree of longitude varies in size.It is approxomately 69 miles at  the equator. At 45 degrees it is 45 miles .It is zero near the poles.The degree and size of longitude  are in direct ratio to each other.

Over to the financial debt as of now, the quantum and power are in direct ratio to each other. The richest is the most eligible suitor. He can stretch his facilities to  any extent. His money power facilitates him to dictate terms, negotiate rates, dictate tenure , overide policies and overstep procedures.

As degrees of latitudes and longitudes can be further subdivided into minutes and  seconds geographically , the financial lines  can be classified as wilful and genuine defaulters.The notations geographically allow us to locate places quite precisely. The coordinates in the debt ratio help us to identify the regular and the irregular, the fraud and the sincere, the exaggerated and the exact , the pretension and transparent.

This attempt may appear slightly out of range and  an unrelated study. Getting deep into it we  can draw many interesting analogies , fine comparisons and similar surveys.

Geography is a science ,which deals with description, distribution and interaction of the diverse physical, biological,and culturl features of the earth’s surface. Financial  debt is a discipline , which concentrates on variables of  funds, risk and fair valuation.

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State Bank Of India- Imperialism


The three presidency banks, Bank Of Bengal, Bank of Bombay and Bank of Madras,were reorganised and amalgamated to form a single entity  The Imperial Bank Of India on 27/January/1921. On 30/April/1955 ,it was christened as State Bank Of India.

Imperial is royal, autocrat, and sovereign. The State bank Of India, continues to be authoritarian and arrogant, very much akin to its previous name. Names , give out the person’s character. I am an active thinker,and do not succumb to common beliefs and superstition. But , the audacity Of this biggest bank in Asia , persuades me to endorse the view.

Its officials react  with unbelievable haughtiness,treat the constituents with unexpected  superciliousness and behave with superiority. They seem to be o overbearing and force us to feel that they are demi gods.

The stateliest bank has prescribed its own code of conduct.Its evaluation varies from customer to customer. A constituent with millions  as overdue ,gets a Kingly  reaction. He is cajoled, coaxed and placed in a pedestal. He is   a Royal non performer, since he has faltered to pay   hundred millions- a paltry sum , according to the bureaucrats of The State Bank Of India. The genuine small time customer,who has fulfilled ,his obligations, but met with a short fall of few lakhs , is meted out with bashful arrogance.The candid customer , has repaid the small amount after three months The proud officials of the lofty bank come out with incognito loopholes,  incoherent policies, unjustifiable prologues. The ire of the straight forward management will land the presumption and superiority of the bank in a congruent predilections.

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Infosys Too


Infosys falls short of expectation. There are no exceptions to this economic recession. The dogma every rule has an exception, has proved false.The downbeat is remarkable. The earnings per share has dwindled.The operating margins have slipped.Revenue for the year would fall.

The dependence on outsourcing gave an unexpected prosperity to the Information technology in India. There was a belief that Information technology was the sunrise indudtry of the world. There was a mad rush to computer engineering, computer applications  in colleges, pushing behind conventional subjects like civil, mechanical and electrical.

The boom was unprecedented. The salary and perks for these outsourcing professionals was amazing .The engineers  earned in lacs. The sudden spurt in economic setup, made the young very tall . They disregarded  discipline, set aside the principles and marched towards lavish spending deriding modesty.

The other professionals were not recognised by the crowd. The age old vocation like medicine , auditing,law , and teaching were thrown into darkness. Their remuneration was not in parity to fresh upstarts. A decade of glory is slowly drawing to a close. The bubble has bursted, The high style has to embark on humility.

The major Information Technology companies have not given out  rosy results.They are wallowing in unforeseen trouble. The Satyam episode has cracked down the faith in them.

It is time for these big outsourcers to think differently. They have to deviate from this cult and etch out a living of their own, How long can they rely on other countries?  It is colonisation in a subtle way. We , knowingly or unknowingly, have subscribed to the fancies of U. S and other European countries.

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Satyam Auctioned.


The fraud hit  Satyam has been auctioned. The successful bidder is Tech Mahindra.The most eligible suitor Larsen & Tu bro , backed out  of the fray.

Tech Mahindra  will pay 58Rs per share for a 31% stake and buy 20% from investors for the same price.Wilbur Ross offered Rs 20 and L&T Rs 45.9.Tech Mahindra has made a bold move. It has to act swiftly and consolidate Satyam in four or five weeks to gain from the purchase.The scandal tainted Satyam , does not appear attractive , as it is encumbered by potential liabilities from investors, lawsuits in the U.S  and the lost reputation.

The business of Satyam is in doldrums, as it has lost contracts from 46 customers. On March 23 /2009 the United nations h as terminated its contracts. The largest auto insurer fro U.S has cancelled its order.Satyam has lost 300 of its employe. Tech Mahindra has taken a calculated risk by paying a handsome  price.

Tech Mahindra may gain$1Billion revenue from this acquisition.The winning bid has to be approved by the company Lw Board, and the approval will be through n 2 or 3 days.

The thousands of employees of Satyam, the investors and customers who stayed on through  stake sale will heave a sigh  relief.

Satyam saga was baffling. Its rise was meteroic, its fall was still more impressive.Impresive may sound a bit odd at this context, but the brilliance of its fall and the terrific rigging by its founder was dazzling. The powerful emanation of its slander blindened the eyes, the resounding noise it created deafened the ears, and the massive manipulation paralysed the body.

The acquisition is  mode of resurrection to Satyam .

Satyameva Jeyathe  -quoths the Upanishad, which means  Truth  alone is triumphant.

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Paradise Lost.


Milton epitomises man’s disobedience and the loss of Paradise in his epic poem “Paradise Lost”

Satan revolts from God and draws with him a legion of angels. God drives him out of Heaven along with his crew and places him in the great deep hell.It is a place of deadliest darkness and utter chaos.

“Of man”s first disobedience and that fruit

of the forbidden tree,whose mortal taste,

Brought death into the world and all our woe.”

Milton”s Paradise Lost is being enacted by Modern Bankers.

The banking community was in an enviable status before 1930.Financial empires were built on strong fundamentals. Certain banks were based on fraud . The competence of the bankers , their influence in the society, their high ideals ,placed them in a pedestal. The profession was regarded as  a  fine vocation, with promises of lucrative  remuneration and resounding success.

During depression , the  banking system envisaged a great fall . Regulations were set in. It came under tight ropes. It became a less interesting profession. Bankers shied away from liberal lending.This period of severe security saw a rise in economic  prosperity. The growth was spectacular .

In the late twentieth century, again Banking had a radical transformation. The liberalisation found its existence. There was an enormous activity, hustle-bustle,and the industry exploded.

Anything above normal, anything exceeding its capacity, anything that is over exposed comes to a stunning halt.The recession has  set across, the meltdown  has sidelined the  industrial progress,has effaced trade priorities.Currencies have slided down,,commodities are fastly going up and  hastily. falling down . Banking has become a boring industry says Paul Krugman..

Banking ,like Satan , has pulled with it a legion of other industries and trade into an abysmal darkness. Satan tried to mend his ways to restore Paradise.The Banking sector should deliberate upon a serious financial reform to regain its fiefdom.

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The Lethargy In You.


I was dozing in my lounge, when my maid’s call brought me to an awakening state. It unusually, was not only a physical wake up but also a  mental resurrection. Recently , I am prone to  light refreshments like getting a short nap ,then and there , as often as possible,since there is nothing compulsive to keep my physic and mind active, I am slowly stepping into old age ,a little prematurely .

The renaissance of today ,is that I gave a mild thought to the happenings of the daily chores ,both domestic and external. The slight interference took a chronic level in my analytical pursuit.My mind got over the languishing  strain  by cooperating with my heart’s application.

The putting off attitude in us, the sustaining aspect of procrastination in us, and the slowing down of quick assumptions , paralyse our work culture.

Taking up the case of domestic passage, I wanted to give a face lift to my house and garden , by adding certain infrastructure that were not available ,when the house was built. As every normal human, I made a series of inquiries as to the product availability. I gathered every detail and compiled my survey  in a file, neatly indexed and tagged. I left  gap, of a year, I do not know for what, but now I conclude. it is purely due to lethargy . After a year, I set myself on the task, the materials I wanted , have disappeared from the market and there was a fresh bunch of new products , of which I am an illiterate., in the sense I am not aware of its usage.

Coming to the external assumptions, the Indian lethargy is explicitly revealed in its policies. Take for instance , the construction of roads, the Golden quadilateral ,which is being on for nearly five years. The project is going in snail’s space. Before it reaches Midway, the initial work loses its credibility. The originating road , which was in exact condition  few months back ,has  developed  bumps and potholes, and falls into the category of  bad roads. The half way traverse is rendered unfit for travel. The purpose gets defeated. A three hour flight from hence, we find excellent roads in Malaysia , which I feel is the best in whole of Asia.Why this default?

Before we think of expanding certain infrastructure, the proposition becomes obsolete, and outdated. The slow decision in us makes us a drawling , feeble, demure mortals.

We miss the bus , not once or twice but always. We reconcile ourselves , saying that destiny wants it that way , so it happened thus. A concillatory domain is an antithesis to prosperous enlargement.

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Economy subscriptions thoughts turmoil

A Piece Of My Mind -Placidity-Morsel -5


Calmness ,a soft euphoria ,that rallies in the mind , reigns the heart and rationalises the economy.Unnecessary furore, uncalled ripples and unethical developments have ruined the economy.

A sullen person is an embodiment of solemnity and  grace. In a garrulous society, an mature silence is an oddity . In a gibbering community a sober conversation is an anachronism. In a noisy avalanche , the rustling of leaves is an unfitting sound. In a stormy blizzard ,the sweet flowing of the river is an anomaly. In a whacking habitation ,the warm cordiality is a distinct reference. In a tumbling economy , the assuaging voice of  coherence is a rare phenomenon.

The swirl and stagger of the economy, the high cry and low whimper of the financial, the abnormal surge and the unexpected fall of the commodity quotes, the effective ablaze and the enthralled collapse of the banks ,and finally the resounding absorption and decrying disposition of employment has left the world in a rambling ,receeding ,  jerky collaboration.

How to restore this offending tenacity? How to reconfirm the mandatory compulsions?How to work out a formulated convergence ?How to devolve an enticing accumulation?

These introspect ions takes us on a tour to all the nations of the world. They force us to research on different economies, to compare the re surging portfolios, to elucidate the propositions  that will ensure crystalline progression and gelatin infusions.

The principle  of calmness or placidity  has to be implemented. An attempt has to be enforced to get away from the turbulence,  settle in a placid penthouse and deliberate on the way out.

A certainity will dawn . A serenity will embark. A solution will descend. The discerning analysis will propel a determined appraisal and a radiant enlightenment.

Placidity restores wealth.

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Economy subscriptions thoughts turmoil

A Piece Of My Mind-Fear-Morsel -4


Living with fear is  a perennial drawback . Fear ,holds us from performing, pulls us from perseverance, and paralyses our idealistic approach. We  become a bag of flesh and bones , reacting to nothing and restraining from any progress.

Fear clogs our mind . It blocks our mental agility . It concurs on basic programming of undesirable reformation and undermining registeration .

This psychological cohesive factor blurs our vision to visualise the dream of promotion and prosperity. Fear , in children , may have no reason. Fear of darkness, fear of being alone and fear of fire , fear of water and fear of harsh sarcasm are common among children. This abstract feeling will diffuse as the child attains maturity,.

The adult has a different kind of apprehension altogether. The preparation for exams takes the prime spot. The  results ,steal the limelight. Still, as years progress, we develop a strange insecurity.

This tossing reverie afflicts  the business fluctuations,  irradical  fluidity in the stock market ,and hard tampering in the housing mortgage An eerie of dilemma  encircles the economy as though we are in a world of maze, in an environment of demystifying cloud  and in a disheartening jowl of dismay.

The unmindful investment , and the capricious outlook of the senior executives, and the slanderous impact of Madoffs and Stanford ,have unscruplously knitted a network of fear and withdrawal, restlessness and recurrence, dimness and black out.The people , world over , look panic stricken, and exasperated. The are at a loss to come out of this peril. They fear to throw their  tremble  and  shudder to put up a brave face .to witness  ups and downs, brakes and breakers, cutoffs and cut downs, and perks and infringement.

Fear gobbles wealth.

 

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A Piece Of My Mind -Greed-Morsel-3


Greed is the most foul quest. Telling lies, cheating, being treacherous, being venomous,are all qualities that need to be uprooted from the mind. But greed  is the extreme vibrant virus that should be totally shunned.

Greed overwhelms the thinking faculty, overpowers the analytical perception, corrupts the mind and shoots up to bring utter disaster and chaos.

It is found in the micro and macro levels . It is depicted in fables and elucidated in novels, described in poems and focused in moral  lessons.

A famous illustration of greed is  the story of  Midas.His is a typical example of greed for gold. His lust for gold has a stunning effect on the readers. His wish that everything  he touches should transform into gold  , may sound a little extraordinary and very much exaggerated . But , it is a stiff and erect prediction of the negative impact of greed.

The economy has downturned , not because of any policy .It is greed which has given a callous blow  to it and a striking reference to the  gloom.

Wanting more, amassing extra, hoarding enormous, and scouting for largesse has led to a recession unpredicted. Aspiration and ambition have to be encouraged. But over dose of this ethics will spell destruction and spit venom.

The best way to switch off these viral infection is to work in the proclaimed path of righteousness and provincial authenticity.

Greed erodes wealth.

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A Piece Of My Mind-Excitement -Morsel-2


Excitement makes you crazy, pushes you to  the extreme, lulls you to hypersensitivity and marshals you to incandescence. This virtuoso is dramatic in promise,  vivacious in speech,ineffectual in approach and erratic in action.

As a child ,I got excited ,when I went to the beach fronts.The white sand, the blue ocean ,the tides ebbing over and receding down, professed a charming expression. Children  used to play in the sand, dig wells and to their delight,, water gushed out, . In their excitement,  they moved a little beyond, engaged themselves in digging again. They rushed to the previous spot, and found out to their dismay that water had dried up. They also indulged in another sport.After heaping sand over their feet, they slowly pulled their feet out, to find a small mud hut with an entrance. They jumped in joy and promised to return the next day. The day after  proved a disappointment to them as their mud houses have fallen prey to the high tides.

The economy, so to say, is a part of this child like excitement,at present.The stocks shoot up in the morning, and the winning streak is there for a few hours , then it depletes. The  index builds up, edges slowly higher, and oscillates thus for a few days, then thud , it falls down. The fluctuations lead us to invest , to wait for a hike in percentage , and an unexpected bonanza that may land suddenly and take us out of the blue. This feverish tendency compels us to be in tenterhooks, always watchful and market based. The aggressive impulsion palpitates our rhythm and renders harm to the biological system and mental make up.

A practical advance in these impractical situations, is categorically  a significant catch. A less strain ,a minimal interest and a fraction of withdrawal from the fret zone will harbour us from failure and defeat, from morbidity and dereliction,and from taunt and scorn.

Excitement robs wealth.