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Archive for the ‘Current affairs’ Category

Ushering Into Change phenomenon ?

In Blog, Business, Cartoons, Current affairs, News on September 15, 2012 at 12:48 pm

India is always known as elephant against China which is popularly known in circles as crouching tiger. A fast paced tiger pitted against a slow moving elephant. But over these 4-5 years the elephant has been pretty asleep while tiger has been roaring all thorough these years. BRICS- the group of emerging countries has been actually slowing down. Lots were being said about the Once popular and hero of India in 90s- Mr. Manmohan Singh, a well renowned economist who made India usher in a new world of emerging country.  Three years of silence was supposedly lots, finally he meekly-roared, puts some courage, puts his defiant foot forward. After 3 years of lull, two days made history in UPA-2. First increase in diesel price by 6 rupee, secondly, putting a cap on the subsidized LPG cylinders, Thirdly, allowing 51% FDI in retail and 49% FDI in civil aviation industry. All these measures made withing 24 hours after a washout of monsoon session of parliament was tremendous about turn by the Govt.

There is definitely Two perspective to the moves.

Govt perspective: Definitely fiscal deficit is a major concern which is getting to abyss at a fast pace. major oil companies are making huge losses on a daily basis where in all petroleum products govt provide huge subsidies be it petrol, kerosene, diesel or LPG. Definitely FDI in retail & Aviation shall mark a turn around  in ailing airline industry and will boost retail trade in India with wal-mart like major players being part of Indian consumers.  Govt claims to raise an additional Rs 20,300 crore for the Oil companies.  Economist are all cheers for these measures. It might give kick start to all due reforms pending.  Finally the so called ‘Policy-Paralysis’ has come to end. Market, elated with the news gained at SENSEX.

“The decision of the government to hike diesel prices and LPG (beyond six cylinders) are borne out of necessity. CII fully understands the economic compulsions for such a decision,” CII Director General Chandrajit Banerjee said in a statement.

“Diesel has larger weight than petrol, it (hike in petrol price) will have inflationary effect but it is a good decision. It will put pressure on inflation in short but in long run will have good impact on economy,”  – Crisil Chief Economist D K Joshi

The middle class woke up to double whammy this morning. It has added further burden to already agitated Indians. At this juncture, when the prices of basic commodities are sky high and inflation is refusing to buzz despite all RBI efforts. it’s is expected to go up by another 0.40%. The aam aadmi, the common man is the one who suffers. He has his valid reasons. When the Govt is all down with plethora of corruption accusations and of misusing tax payers money on cases like 2G, Coal-gate, Common wealth games issues. What a common man is fed up of is that the Govt crib that it has no money to pay for the subsidies (implied)  then what is happening to the tax payers money.  All the money is being used for unnecessary study tours, for renovating Planning commission office STATE OF ART-TOILET (costing crores), for private presidential trip,  so on and forth. Definitely, when the the hard earned tax payers money is being drained with such apathy, govt will be out of money to pay for other necessities.  Common man is on the streets crying foul. Yesterday, I was watching The Newshour debate in a TV news channel- Times Now, where a well known corporate figure  supported govt in case of putting cap on the number of subsidized LPG cylinders. His point of view was ” a PRUDENT family shall need at the most 6 cylinders in an year” that meaning half-a-cylinder per month. Well I have a doubt about what a prudent family means? Personally I alone use one cylinder in a one and a half month without much of cooking and never to waste. How come a prudent family(might be ONE member family) require only 6 cylinders in a year.

An article on How price hike affects common people.

Top 10 Impacts of Diesel Price Hike

Political fights:

These announcement has added fuel to the already fuming relationship between Govt , allies and opposition. The two major parties supporting Govt at the centre SP, led by Mr Mulayam Singh Yadav  & TMC led by Mamta have raised a strong concern against he policies announced. However, public knows the drama being played by them. They allready know that they are just pretending to showing empathy in front of public just in order to rake in the votes for coming elections- Public Posturing. The main opposition NDA has got another weapon to fire.

Government facing a double sword from political parties on one hand and public on the other is putting a brave face with one liner- ” Tough Times need Tough decisions”. This is hard to say what shall be the final outcome. I mean weather govt can stand to all these pressure or submit.  The coming days will be testimony to it.

Related Articles:

  • The unusually large diesel price increase suggests that economic reformers have persuaded Congress leaders of the urgency of curbing the budget deficit – now about 6 per cent of gross domestic product for the central government alone – in order to stave off a threatened downgrade by credit rating agencies that would reduce Indian sovereign debt to “junk” status. – FT Article
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63rd Republic Day Celebrations

In Current affairs, customs & Traditions, History, News on January 26, 2012 at 10:41 pm

India celebrates its 63rd Republic Day today. President Mrs. Pratibha Patil unfurled the Tri color flag.  Thailand Prime Minister Yingluck Shinawatra was the Chief Guest on this occasion. She is the first woman Prime Minister of Thailand. This is second time a woman Premier has graced this occasion since Queen Elizabeth.

On this occasion it was all colors and several float were on display. Do check last year post for the republic day. Also in spotlight is new version of Vande matram

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One float that I liked most was one from Bihar, showcasing  a village in Bhagalpur district. Specialty of the people  from this village is each house plant 10 trees for one girl child born in their house.  Long Live the tradition! The so called rural India understands well the balance of nature which most of the literate people seems to have long forgotten.

Do watch the beautiful National Anthem Sung by children, Click for -> Silent National Anthem

Wish you all a very Happy Republic Day 🙂

Kodak moments – Lesson Learnt

In Blog, Current affairs, News, Writing on January 25, 2012 at 12:16 am

Cameras has been one of my favourite gadget of all time. Kodak camera, one with the film was my first camera, which I got as a gift on one of my  birthdays.  But now-a-days hardly anybody goes for it. People have far better options than it.

Kodak – pioneer in photography and one of the most iconic of all photography companies had tough times lately.

Kodak files for bankruptcy

kodak moments

Every person has a Kodak moment in their lives. Even Kodak had a kodak moment in theirs. It filed for chapter 11 bankruptcy protection in the US. Many a articles have been published regarding kodak filing bankruptcy and the learning from it.

The bullet points

  •  The company seemed to move with the industry, but it wasn’t enough. In particular, Kodak was still implicitly married to an outdated business model that relied on people printing their photos.
  • People don’t print photos anymore but they like to share online.
  • Despite being the first to have invented Digital phoography, but the fear that it could cannibalize its film business and here the competitors saw an opportunity and en-cashed upon it. When kodak realised, it was too late. 
  • The essence of marketing is asking first, “what business are we in?” and not “how do we sell more products?”
  • The bottom line is that in any transformation, you need to embrace the right business model.

 

Few articles which I came across are as under:

Why Kodak failed – and how to avoid the same fate. – cbsnews

Kodak Failed by asking wrong marketing question. – Forbes

The rise and fall of Kodak – what went to wrong. – Birminghampost.net

Finally a kodak analogy with Blackberry maker RIM – Firstpost

Kodak Lesson – My broadband

Grim Kodak moments – Buffalo News

 

 

General V K Singh – Some facts

In Current affairs, News, Reblog, Uncategorized on January 17, 2012 at 10:42 pm
NDTV Hindu

Image via Wikipedia

One good article in NDTV regarding Gen. V K Singh age row. Do read it.

Article on NDTV

In an unprecedented action Mr. Singh has filed a writ petition in Supreme Court. Govt has gone for filing a caveat in SC.

This would be the first time, such differences have come between the Army chief and the Govt.  Expect govt to ask Mr. Singh to proceed on leave.

— c ya–

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