What Arvind Kejriwal has done to Delhi?

Time is changing and it is changing fast. Faster than ever. We are seeing an unprecedented, highly awaited but tumultuous movement for the first time in foreseeable past. I, for instance, am actually believing that this is just a beginning of a "New" Delhi. Am i looking at fair administration for the first time? Has my vote been more precious ever?

A person called Arvind Kejriwal has given India a humongous HOPE. HOPE for a metmorphosis for which Delhi has been, as Aam Admi Party puts it, itching for long with 15 years of monoply in Indian polity. We have been waiting for a leader for long. Lack for choice has been issue forever. BJP and Congress have proved to be same. Not just Delhi whole India fails to present a credible alternative in most of the states and center. But a movement has now started and it has started with the bang from the capital of India, Delhi.

Arvind Kejriwal is a person who talks straight, fights hard, leads and communicates well, mobilises youth and  is one of the most honest people I have ever seen. Though he has a long history of taking on government and winning the duel but last 2 years have been revolutionary. From  a movement called India Against Curroption to Aam Admi Party, Arvind Kejriwal has come a long way and he has come good. So good so that BJP and Congress are out of their wits. Every attempt is being made to malign the image Arvind Kejriwal & Co. has created for themselves.

They have come on their way actually winning hearts by talking logically and attacking directly the root of most of the issues that we are facing today - Corruption. But the path has not been easy. AAP's candidature in RS polls was being termed as David vs Goliath. But hey, Goliath is in problem now and using its mind faster than ever not for the good for people but to defeat David by crook. Even media has turned its back on David because he has nothing to give but Honesty.

What can be more funnier than BJP taking time to look in the number of Voter cards Kejriwal has. Don't they just get it that he is a better player than what they have ever seen. Recent sting operations have exposed media like never before. I, for instance, now have firm belief in the ideals of AAP and how media is sold out to rich political parties. Speculation of paid news is so apparent but media is still pertinent. For instance, none of the media channels has aired the press conference by AAP reagaring Sting Operation but they are busy in coining terms for Tarun Tejpal.

This moment feels like NOW or NEVER. If AAP does not win this election, it will not be just Aam Admi Party that will be losing, it will be us NOW & FOREVER. I urge all of you to use your vote and use it wisely.

Currency Muddle: Dollar - A villain for Asian Economy?

This morning I happened to read an article by Todd Guild of McKinsey & Co., Tokyo. Here he gives insight about Asian consumer and market, it being one the toughest of the markets to penetrate because of cultural, ethnic, political and social diversity. Cultural and economic disparities make it more difficult for businesses to understand the consumer and pose a huge challenge facing them. China and India have been harbinger as world gets out of and what has been touted as one the worst downturn ever. Japan was also among the first to recover as compared to other developed economies. Private consumption to GDP ratio was considerably reduced in US during 2007-08 was reduced considerably and hence exporter like India and China had to think of new ways to cope with it. Then came concept of intraregional commerce which was a solution to a problem give n above i.e. by trading among themselves. But if this has to be achieved successfully then the Private consumption to GDP ratio in Asian countries needs to be increased from a mere 36%. Among all these discussion Mr. Guild compared USA and Asia as a growth hub on various parameters which I am listing below.

At the End of 2008 –

Parameter	Asia	USA
GDP	< $14 trillion	$14 trillion
Private consumption-GDP ratio	0.50	.072
Spending	3 billion people spend about $7 trillion	300 million spend more than $10 trillion

Before putting my point of view I must ask you to point out anything I am missing in my observation or am I being naive in my viewpoint. Dollar, being the standard currency of the world, takes care of all the macroeconomic terms pertaining to each and every country of the world. But isn't it an unjust comparison is being made in, for example, Asia and USA across various parameters. Value of currency of the countries in Asia is way less that currency of USA. Let us consider an example of India, an average graduate engineer earns about $60,000 per annum provided he gets a decent job and in India a person with similar qualification world earn around 300k per annum which amounts to a mere $6000 per annum. Now there is huge 900% difference between the two values and two persons of similar living standards. If such is the earning difference how would anyone expect the spending to be in parity even if India becomes a developed nation. An average person with the salary mention above can spend $4000 per month which is almost equal to a per annum Indian salary. If for a developing nation being developed means filling the gap between parameters when campared with USA or for that matter any developed nation, it becomes more daunting and challenging than it would have been in case of, which i would call, a just currency.

This was my one of the main concerns that remains to be addressed. According to me, a standard figure is one which is just to everyone and hence should be equidistant from the value of each and every currency. A value that can candidly compare each and every aspect of each and every country of the world, a value around which a forex market should revolve. Still it only remains to be a view point and an observation which came very late though but I think is worth to be discussed about.

Jai Ho, Bhay Ho, Moditva and all that.

March, April & May 2009, probably the most important months in the year 2009,reason being 15th lok Sabha General Elections.This is the first time i voted in a national election and experience was quite confusing. Political parties are campaigning to their best and literally for their best.

The first thing that caught my attention was the debilitating Ideological Politics,i wonder whether it ever existed after the introduction of coalition system, in the wake of Opportunistic politics.Machiavellianism is a rife but all for personal gains.Its not that i am cynical about everyone involved with the Indian polity.Save few and your hand is full of all those Machiavellies.

Anyways, most prominent parties campaigning vigorously are Centrists' congress, with there 'jai ho', rightists' BJP playing ideal opposition with their "Bhay Ho" and the brand new Third Front led by Leftists, which i thing is an excellent impetus for the other parties to "keep their all options open".

Lets comes to congress first - Its a party led by the Mrs. Sonia Gandhi with Mr. Manmohan Singh as the prime ministerial candidate.Panab Mukherjee is one more name i would like to mention that is associated with the party. Mr. Singh and Mr. Mukherjee seem to be the most learned and cleanest personalities on the whole stage. Hence, acc. to me these are the most important names that are keeping party afloat inspite of not-so-good performance.

Talking about BJP - the party boasts of having the Iron Men like Mr. L.K Advani,Mr. Narendra Modi, 'true politicians' like Arun Jaitley. Atal Bihari Vajpayee is the name associated with the party who have got it most of the respect.

I would spare Third Front this time because i think it deserves a whole new space in my notes.

But Narendra Modi is the person that deserves more space than just his name per se. He is the person who gave birth to a whole new phenomenon called as "Moditva" which even outweighed the popularity of his party's ideology of 'Hindutva. A dynamic person credited for transforming Gujrat, not just economically, not just politically and not just socially, in span of mere 6 years.In 2007 Mr. Modi had a landslide Victory with a clean sweep and therefore people ensuring that Gujrat is truely flourishing under his leadership.He is also known for his fiery oratory skills which has helped him to have virtually every community in Gujrat on his side.Seeing the reaction of the people of Gujrat sometimes i think i should bow for that person.But there are some things that predominantly stops me from doing so.

The name has some grey shades attached to it too. Narendra Modi was accused that he was aware beforehand about the Gujrat 2002 communal riots which led to lynching and killing of hundreds and vagrancy of thousands. His reaction in the Karan Thapar's Devils' advocate left many mouths openand many minds boggling.(you can watch the video here - Devil's Avocate with Narendra Modi ).

I also said that he is known for his fiery orator ship but personally i cannot buy that point.Hate speeches cannot be termed as fiery oratorship(it is the only path that our respected politicians follow). Censuring or Blaming others can never form a rehtoric & this was the only thing,inspite of ignoring hard, made me ears.

Or is this the other way round? This is the only way to assuage people of India to vote for a party,by making them look at the shortcoming of the other party, from a different angle, about which they already know. This is the thing that has perplexed me for quite a time now and i am desperately looking the answer for the a question:

What is actually Moditva - the transformation of Gujrat to a Vibrant Gujrat or the highly radical and extreme attitude that have always led to destruction, be it in Fascism, Nazism, etc?

Love was in the air

Yes i know i am late but mera internet aaj hi thik hua.Even my laziness was not able to dissuade me from writing about this Valentines Day.There was something special about this V-day than any other.

Two colours ruled the day.
First, red in the form of roses presented as an expression of love and affection to our dear ones.
Second and the hottest colour of the Day or rather week was Pink. It was pink all around the country thanks to Pink Chaddi Campaign which cosequenly led to Pink Saaris and Pink Condoms Campaign.This time most of the youngistan was not only celebrating the day but also the win over certain hoodlums who call themselves the "Proctectionists of Indian Culture".

Muthailik and other RAM Sene members were drowned under odd 40,000 chaddis sent to them from all over the country.The entire story started at a pub at Banglore where Shri Ram Sene carried out that gruesome act.They beat the girls there wildly as according to them the girls goin to pubs were stains on Indian Culture.
Do they really know what Indian culture is all about?? They are talking this rubbish after beating "women" because of their, very wrongly cited , "indecency"(which acc. to them refers to Pub culture) and that so in the country of Khajuraho and Kamasutra.

They are talking of Hinduism and its protection but do those sickulars know that they arent even being humane...let alone religious.Couple of weeks ago we never heard about Mr.Pramod Muthalik, but now, he is a self proclaimed iconic moral watchdog.Just get themselves in public and gain publicity Ram Sene garbed as moral policemen.If people like Muthalik try to enforce their ethics and values on others, it's simply not democratic. It's against our fundamental right to freedom.

But this Valentines day which they vowed to make a nightmare but at the end of the day love won over the Saffron Brigade, save few instances .Youngistan was all pepped up about the day and celebrated it with more than just a smile & without any fear on their face.Moreover that thing that made this day more special was that there was more fervour among the people to refute the extremists.

SO the idea is if the country gets together and unite for a particular cause like this then each person of this country would be able to do what he/she wants until it is allowed by law.

SO cheers to liberalisation, Secularism and spirit of Youngistan...

My first GDPI

Well, Yes It was my first GD/PI round at any B-school...and it was at IMT.....
The day started off at good note but it was only to get worse.It took about 3 and half hours to reach the college at Ghaziabad which comprised of about 1.5 hours of toiling in traffic and 1 hour of movement in detours.Ahhh!! at last we were there albeit in the nick of time..

The first round i.e Group Discussion incepted at 2:30 pm and we were a group of 12 (fortunate enough as 4 students were absent).There was U shaped sitting arrangement and it was quite difficult to prevent my self from seeing at moderators.
We were given two topics to choose from which were:-

1.Retail Investors should be given Capital Protection.
2.Real learning at B-school happens outside the class room.

Obviously the choice of the majority was the second one.Time limit given was 8 minutes but GD continued for around 12-15 minutes with the reiteration of most of the points...There were two instances when the moderators interrupted because all of us wanted our things to be heared and as expected it was becoming a cliched "Fish Market"

As GD got over all of us were asked to summarize the GD one by one and after that we had to write on the same topic on a piece of paper in 5 minutes.

My Interview started in about 1 hour after GD.Panel comprised of 3 interviewers and i would refer to them as p1 p2 and p3.
P2 seemed to be most dangerous one to me as i entered the room and in end he would prove to be the same....Grrrrr....

Me : may i come in sir
panel : come in
P2 : Sit down Please
me: thank you sir (with a good smile on my face but the it seemed as if my heart is in its last race)

P2 : Tell me about yourself,Jatin, very briefly.
me: [started of with my name] blah blah blah...I like to pursue dance as my hobbie and it is..[interrupted]

p2 : wat type of dance do you do???
me : Sir generally, freestyle....[interrupted]

p1 : [here comes a first speed breaker to my heart beat]Until now i had heard freestyle in wrestling only[with question mark on his face].
me:Sir , its just that i dnt do a particular kind of dance as i didnt had any formal training i just try to learn from videos only...[stopped again]

p2 : [ Here comes the sarcasm]Ohh!! i got you you are talkin about the same dace like movin your body parts here and there, right?? and yes it seems you are born with this special talent , as you dance without any training ,we all ordinary people dnt have...Am i right???

me: [Here comes the clarification][ my feet were burning like hell and heart running like hell, Oh God plz save me]No sir its not that. Actually it is wat i try to practise and learn from the my peers and videos but i am lookin forward for a formal training?

P1 :in which dance form??
me: Sir, Jazz.

P2. As far as i know Jazz is a form of music.Wat are u talking about?
ME : [my mind and heart sinking] ....(I told wat is jazz dance)..

P2 : Ohh i am sorry my GK is quite limited i am fortunate that you are sitting in front of me....
{Errrr!! now how should i tell him that how unfortunate i am...OH god oh god help meeeee)

P2 : wat do u mean by "Strength Exercises"??[i mentioned it as my second hobbie]
me : Sir , it basically refers to Weight Training like full body exercises and all.

P2 : you have unique Terminologies...[one eye raised]Any ways that'll be all Jatin.
Then al the three wished me "ALL THE BEST" and i said "Thank You"..

An indigenous Sub Prime Crisis?????

Recently i [accidentally] went on to read EPW and then to my surprise i went on to read a article about the increasing chances of Sub-Prime [mortgage] Crisis (yes!! same as that in US) in India..I would like to bring this issue up through this medium...

Globalization in India is at its best with most of the vernacular firms preferring organic growth to the inorganic and numerous private players entering in the country.The is the space for firms in each and every industry and numbers are soaring like anything.Same is the case with the Banking System.

Banking system was developed to help the poor and to help middle classes but today it seems that as "Globalization" is well underway ,banking is also becoming a business with the increasing competition from the private Banks.Even the public Sector banks are focusing more on the profits that can me made out of different lending options.Government is also thinking to increase the share of the Private sector in PSBs and this moves proves the governments focus on its earning rather than people.

Instruments like Credit Derivatives and numerous other devices that ensure secrutization are being offered by banks so to proliferate their businesses.Lucrative lending options with less interests rates are being offered to the one who can be incapable in returning the loan back.I would like to throw light on the fact that the prime reason behind the mortgage crisis was the complex instruments made by the banks and indiscriminate lending option,which in the end,confused the banks per se.Moreover the RBI's monetary report warns for the amount that consists of the outstanding loans which are remain yet to be paid and hence it has put temporary hold on the proliferation of Credit derivatives but the averse doesn't seem elusive.

So i think our intelligent Entrepreneurs and respectable government would do their best to avoid this catastrophic situation

My Stance on Nuke Deal..

Well, to start with its not exactly my stance but some points which should be put in front of govt. before it goes for a deal...Here are they!!!!

Nuke Deal!!!.......Now a days it seems that nothing is important but the civil nuke co-operation with US...I am not against this deal but in my view the government should not haste for such a significant issue regarding energy......there are some points i would like to put in this debate which are preventing me for favouring this deal fully.....

Firstly,the govt. is pursuing the pact on grounds of energy requirements,But if we try to look towards other renewable sources of energy like wind power(which is about 7200MW against 4120MW of nuclear energy...also acc. to suzlon,INdia hold the wind power capacity of 45000MW),solar power(a mere .5% of indian electricity demand)they dont contribute to a large percentage of india electricity demand so why not try to increase them instead of so large investments on nuclear power(it can be done afterwards also).
solar energy holds huge potential as a source of energy if investment is done on it......

Secondly,If govt. is so keen in developing India as a nuclear power so why not develop indegenious reactors instead of importing those reactors.(moreover i read that US has not gt even a single order for the export of those reactors since 1980s).Also the investment on the importing would be larger than the prodcution and development of vernacular energy alternatives

Well, seeing all this i thing govt. should reconsider the situation and should not hurry with the deal.I respect Mr. Manmohan Singh and i hope that he takes the right decision.....

PLus, personally i am somewhat skeptic about US policies which right from the beginning of globalisation have been highly biased and were totally against developing countries..(take example of the oil prices)

P.S-Facts and figures are taken from reliable sources......Plz report immediately for any discrepancy....