Administration & Management

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Category Archives: Thought

CHINDIA – AS I SEE

The news of Chinese Army PLA moving, 19 kilometers deep, inside the Indian territory is old one. Now the new and important development is that since 1930 Hrs IST they started vacating their positions and till now (i.e., when you may be reading this article) would have nearly vacated.

I was always certain and specially turned more confident of my views on CHINDIA since 2001 onwards.  I saw the fact as if it were the destiny that were conspiring to keeps these two nations on the same side.

Though, I am not going to write much, so I am just attaching three separate comments and analysis I presented in response to two news items published 11 days ago, and one just 03 days ago. I knew that masses will not agree with my view point, but then this has been a history now. On the other side masses have never agreed with any one individuals. My comments/ analysis are serially numbered (in the way they were posted) at news sight:

 1.

Sometimes I doubt that Chinese army really has any bad intentions towards India, as this is something that will prove costly and lasting adventure for PLA. As India despite of lack of very good connectivity to borders via road and rail has the capacity to surprise Chinese Forces by its huge number alone, though cost of transportation may be higher for Indian when compared with that of China. The important aspect and insight that I am getting is, is that Chinese now want to block the infiltration of Uyghers and other trained militants from Pakistan. If this is the case then they should take Indian authorities into confidence and ask for a safe passage to execute its intentions. Any kind of mis-understanding would not alone dent Chinese Might (roughly 2/3 of India) and USA and Pakistan will stand to gain from it. If the issue is something else then I need to analyze further. Consequently one of its allies North Korea too will be slaughtered by South Korean Forces with various kind of aid from USA. Chinese should try to considered the border pact that too place between Indians and then Chinese Emperor in 1840 (approx). Hope Chinese are not deaf and idiots at same time. If they are then they should have an emergency plan (in case their forces engage with India) to take care of democratic revolt that would get a unfettered access and control at Tianmaan Square.

 2.

The militants trained by Pakistan after having turned Frankenstein monster for them, have also attempted to threaten Chinese sovereignty, specially vides on an ancient trade route connecting Ladakh to Yarkand in Xinjiang, China. Now its better for China to seek India’s co-operation in controlling the religion of terrorism and militancy, than thinking itself to be almighty to do what they want. Those 50 malnourished men of PLA are not being made to land in Jails in India for ever ( I do not suggest shooting those 50) due to patience and also due to it being a responsible power. As Chinese army (approx 8.5 in number) is no match for India’s (approx 16 soldiers). Anyway I do not want to talk this language till all the options are not exhausted, as even sacrifice of our one soldiers life is much costlier to their 50 and is no match in value terms. Chinese may be fed up with their population but Indians are not. I suggest them to recall preachings of their scholar who earned knowledge from Nalanda and Takshshila besides preachings of Prince Mahendra and Princess Sanghmitra about Buddhist ways of life.

 3.

Though it would be better for the Government of India starts considering bilateral relations between India and China in present context. If required Salman Khurshid should cancel his proposed visit citing the posture of PLA as reason. Government may further consider about not allowing the Chinese Premier enter into Indian Airspace or Ground Location based on such developments. It would be better to communicate it to Chinese at earliest time. Please do not use force immediately, as tensions between India and China on border issues will give USA Army and Navy a good advantage in case when it comes to tackling by North Korea, creating advantageous position in Yellow Sea, beside providing them with opportunity to promote and protect the heirs of Chinese Emperor (who was forced to flee by PLA in 1948) and provide them with all the support required to take control at least of Taiwan and Hong Kong. This would be in addition to funding of support required to be extended to Democratic Movement in China. China will automatically learn that how international diplomacy is handled.

I would love to hear the comments from audiences…

 

                                                                                                             …………… Always Yours — as Usual — — Saurabh Singh

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General Beliefs and Re- Discovering Man

Rediscovering Man: A Research Study finds that What is Seen is not Always True 

UCLA’s Anderson School of Management Professor Corinne Bendersky who conducted Two experiments says, on based on the findings of experiments, that “Our intuition about the kind of people who make good teammates, which are often based on their personalities, are actually wrong”. The study further reveals that “highly neurotic people, while initially not inspiring confidence, often defy expectations among teammates. On the flip side, the extroverts in the office, usually seen as strong leaders among peers, tend to disappoint”.

In research, published in the “Academy of Management Journal” this month, Corinne Bendersky “compared MBA team members’ ratings of each other before and after weeks of collaboration”.

The second study was similar, but researchers gauged perceptions by providing subjects with personality profiles of made-up colleagues.

The findings again were surprising, as due to being provided with ‘Personality Profiles’ of the Colleagues prior to asking them to work together, it was seen that “at start participants had bad impressions of their neurotic colleagues, predicting they would have low contribution and low status within the group” on the other hand “those with extroverted personalities were given high status ratings by others. Collaborators thought that their enthusiasm and energy was going to be a boon for the team, and that they would be positive contributors”.

This probably can be attributed to individuals capability of creating an artificial and biased perception about other individuals without even attempting to learn issues like ‘how such individuals react’ and ‘ the way they respond to numerous variables that come to play teams’ work climate.

A very common perception that prevails in society and also with co – workers about neurotic people or neurotic employees is that their volatility and negativity is going to make them a drag on the team. As per research Bendersky and her co-researcher, Neha Shah state that “What people don’t appreciate is that an aspect of that ‘neurotic personality is really an anxiety of not wanting to disappoint our peers and our colleagues’. Neurotics can actually be motivated to work really hard especially in collaborative situations”. It further states that extroverts tend to be less receptive to other people’s input, which makes them more difficult to work with. The studies being referred here found that contributions from extroverts were less impressive than expected.

Study further states that “the core of the extrovert’s personality really wants to be the center of attention”. Thus they give or say they are found doing a lot of self-presentation that is well received and in majority cases it creates a positive first impression. It is their ambition/ drive to be the center of attention which actually turns fairly disruptive in collaborative situations.”

Adrian Furnham, a psychology professor at the University College London opines that regardless of the finding that neurotics work better in teams, they are still considered to be at a disadvantage in the workplace overall. Argument offered by Furnham to support the opinion given is that “neurotics tend to be unstable, they’re insecure, they worry a lot, they’re moody — which are really difficult traits to deal with. He believes that while neuroticism makes people more sensitive to the reactions of other people, “by and large it’s not good news. High neuroticism is not associated with success in the workplace.”

Whereas, when it comes to opine on other part of the study that extrovert actually turn fairly disruptive in collaborative situations, Adrian Furnham seems to be in agreement with the finding to some degree. He agrees that he does not think highly extroverted people make for the best employees either. He has a very different opinion and that is “rather moderate outgoingness makes individual ideal for teamwork”.

Again it is worth mentioning that people who are high on the neuroticism scale need not be disappointed; what they actually need is to find the right job. As per Spencer Lord, a human resources specialist with the Britain-based firm Organic HR, says highly neurotic people are often strong in roles that require attention to detail, like positions in finance or compliance.

He says so as he finds that “neurotic people are more predisposed to worry about the consequences of mistakes and therefore put more effort into avoiding them.” “Due to their natural caution, they can also be very effective in assessing risk.” While the stereotypical job for more neurotic people is technical, back-office work, Spencer Lord believes that the best leadership groups often include someone highly neurotic in the mix. He cites an example to support his argument by saying that “on one board of directors he works with, the most important person, the financial director, has just such a personality”. Probably in this case of (in the example given by Spencer Lord) it seems that the Financial Director is a lady, as he further states that “her risk aversion, need for precision and near-obsessive attention to detail don’t make her the most popular member of the leadership team at times — she often shoots down ideas from her fellow directors — but she is utterly indispensable”.

When it comes to extroverts, its found that they are good at building relationships and getting themselves noticed, but they need to be able to show they have a good base of other skills, too, or risk being thought of as “style over substance.” Spencer Lord believes that “when it comes to hiring, it is important that companies think about how candidates’ personalities may help them fit into the organization or on teams. The individual can have all the skills, qualifications and experience in the world, but if he/ she cannot gel with your people, then the hire will not be successful.

      —————— Always Yours — As Usual — Saurabh Singh
Source: The study can be found at portal http://www.viewsnext.com

Two Issues: Tihar Jail’s Misadministration –&– Legitimacy of Death Sentence

It seems better to start by letting the audiences of this post know that, this write up is  neither going to focus on Delhi Moving Bus Gang rape Issue nor on Progress made in the case, though it deals with the death of one of the accused of Delhi Moving Bus Gang rape . The focus here is on administration of Tihar Jail. The write up then turns towards another aspect of issue, which is the demand by some of activists to government and judiciary of country the rape convicts should be condemned and executed. The write up simply raises the issue that can execution be any kind of punishment. It is normal understanding that when one talks of punishment, then in the process of punishment the individual being punished, does not lose his life from the very to the very end of the process. Such punishment where an individual has to lose his life is also against the very spirit of the Constitution of Indian Republic that provides Right to Life as Fundamental Right of any individual.

 The people from media, and through them others, were aware that all accused in case were on suicide watch and such prisoners are never left alone. In such a scenario how can one of the accused (Ram Singh) commit suicide without being noticed by Jail Administration or even his three cell mates? This is a question of administration and security inside India’s fortress-like Tihar Jail, the nation’s largest such facility.

 Can the mysterious death of Delhi gang-rape prime accused be taken at face value? It is an unbelievable suicide case, if taken on face value, as this requires the person committing suicide to possess gymnastic dexterity and phantom-like stealth. Even if one is ready to buy this story, then what are circumstances due to which, the rest four accused of infamous Delhi rape case when produced in front of fast track court (which is listening case), pleaded with folded hands said ‘Shoot us, but don’t send us back there’(Source). This aspect again stops the people from buying the story as narrated Prison staff.  .

This makes it necessary for the people, living outside the Tihar Jail, to learn what transpires inside the Tihar Jail, or to say how the inmates are dealt with inside the Tihar Jail. The other important issue is that how the jail administration communicates of incidents happening inside, while addressing/ informing the people living outside the Tihar Jail.

 The suicide (murder) by (of) accuse Ram Singh occurred despite of the fact that, two months ago, Delhi Police allegedly intercepted calls from a Tihar Jail inmate, who was illegally using the phone of a jail employee. In one conversation the inmate, say sources, hinted that there could be an attack on the five men accused of brutally gang-raping a medical student on a bus in Delhi. Sources said that in the conversation allegedly intercepted by the police, the inmate indicated that the rape accused could be attacked while on their way to the Saket fast track court for daily hearings. Tihar jail officials were reportedly briefed about this specific threat and security for the five men was increased. Lately, about 20 to 30 gun-toting policemen would escort them to the court and inside it. The Tihar Jail authorities are yet to submit a preliminary report on Ram Singh’s death, the circumstances of which have raised many questions (Source).

To get an understanding of what transpires inside Tihar Jail, you need to talk to someone who has stayed there for considerable time. The best would be the individual who has stayed in Tihar as under trail. Probably a serious will to learn the situation inside made one of the correspondents (Mr. Vicky Nanjappa) (Source) to have some dialogues with Professor S. A. R. Geelani (who spent several years in Tihar Jail). S A R Geelani, a Delhi University Professor who was acquitted in the 2001 Parliament attack case, spent a considerable amount of time in Tihar.

 FIRST ISSUE – THE ADMINISTRATION IN SIDE TIHAR JAIL

It all started with mysterious death of Ram Singh, the prime accused in the December 16, 2012 Delhi gang-rape case, inside Tihar Jail on Monday has raised doubts about security at the high-profile prison.

 Professor S. A. R. Geelani’s first person account of an inmate’s life inside Tihar Jail:

 The moment you enter this prison, you feel as though you are going back to the 13th century.

Based on what I have heard of other jails and when I compare that to my own experience in Tihar Jail, this prison appears to be the worst in the country.

The problem begins with the authorities. The prisoners are made to feel like slaves and each one is at the mercy of the authorities. I assure you that no untoward incident can ever take place inside Tihar without the knowledge of at least one jail staff member.

The other thing I noticed was the differential treatment among prisoners. If you are an ordinary citizen, you can expect the worst. But if you are well-connected politically or have a lot of money, then you can buy your way through to comforts. I have seen several well-connected people get their way easily in Tihar.

It is hard to believe the kind of gang wars that take place there. Very often, members of rival gangs are lodged in the same cell. Very often, the authorities turn a blind eye to fights between gangs, which is quite a disgusting sight. I have witnessed it several times.

 Security in Tihar is tight. Each prisoner is under constant watch. The militants are imprisoned in high-security areas and there is not much communication with them. Their cells are very well guarded. There is ample security for the other inmates as well, and that is why I say nothing untoward can happen without the knowledge of the authorities.

There also exists a communal sentiment inside Tihar Jail. It can get communally charged at times. In my observation, it is the jail authorities who ignite such feelings. I find it hard to believe that Ram Singh hanged himself. He was under suicide watch and such prisoners are not left alone, even for a moment. It is therefore impossible for him to have committed suicide. I also fail to understand how Singh could have hung himself from the ceiling. Every cell in Tihar has a very high ceiling and it is impossible to reach it.

 Let us assume that he managed to reach the ceiling with great difficulty. There would have been a lot of noise and this would have drawn the attention of the authorities. There were three other inmates with him in that cell. I am sure he could not have killed himself without waking up them up.

 Observations

 Some of the inferences that can be deduced from the first person account provide above, is that this suicide makes an issue for serious thinking and dialogue. It is courts who send people to jail for keeping law and order situation under control outside the Jail. Inside the jails, it’s assumed that due to availability of law and order enforcing personnel, i.e., people of Police Services, people inside the jail would not have to suffer violation of law and order in any way and their fundamental rights would be ensured.

Somehow, if the scenario is same as told by S A R Geelani, then Hon’ble Judges delivering the judgments need to think thrice, before sentencing anyone to Jail. It’s further expected that the Courts of Law take a serious note of such an issue, i.e., loss of life occurring inside Jail of an inmate, not condemned by law after following full procedure. Even if the jail inmate has been condemned by the courts, then too till the time individual is alive should be permitted to live in a dignified manner and should also be permitted to take recourse to all the legal options available there forth. When and as all the options available have been exhausted and individual has not been provided any relief by any of them, then too, only the legal process as described in the Jail manual should be for execute the condemned person.

 SECOND ISSUE – VALIDITY OF DEATH SENTENCE AS PUNISHMENT

The author in his personal opinion does not favor the provisions of capital punishment. If an individual has committed any crime leading to loss of life of any member of the society, and as a punishment hangs him, then probably there is no difference between that individual and the society. This is being argued for the reasons that if death happens to be one of the forms of punishment, the individual, who has been sentenced to death, may also have executed an individual with the intention of punishing him for his deeds, meaning thereby, that individual too had followed the same process as has been followed by the society. Now who will hang the society or the individuals who ordered and committed the execution, and even if any authority can get this done, then where this process will end?

 If any individual argues that such a provision works as deterrent for people who think of repeating those kinds of heinous acts, then too, I do not find any sanity in this argument and request to authorities that such individuals be lodged in reform homes under careful supervision of specialists.

 Loss of life has neither worked nor will ever work as deterrent to anyone except cowards. Let me put two extreme but non – related observations:

1. If loss of life would have worked as deterrent, then you would have got none to join the armed forces of nation. As securing the nation and advancing in enemy territory, both are expected to start with sacrificing the life. This means there exist motives and emotions which makes an individual feel that achieving the objective being pursued by him/ her is many times valuable than his own life. Or can I expect that someone will offer a different reason for individuals turning them into Fedayeen’s (living and moving Human Bomb)?

 2. If the execution of a condemned person works as deterrent for people who think of repeating those kinds of heinous acts, then probably after execution of Mr. Nathuram Godse, for his act of killing Mr. Gandhi, there would not had occurred any incident involving the assignations of top political leaders in the country. Somehow such acts have only increased in number as can be seen in the cases of Mrs. Indira Gandhi, Mr. Rajiv Gandhi, Mr Baint Singh and some more political personalities.

 I am halting this deliberation here, and if required, may proceed further. Till then happy reading and Good Luck,

                                                                                                      ——————–Always Yours, as Usual — Saurabh Singh

One Percent versus Ninety Nine Percent: A Debate

INDIA DOESN’T NEED FDI IN RETAIL TO GROW — Joseph Stiglitz

Nobel Laureate of 2001 in Economic Joseph Stiglitz (who shared it with two more), presently Professor at University of Columbia, is  credited with starting the “1% versus 99%” debate. The Columbia University professor talks about his latest book, “The Price of Inequality”, in which he argues that economic inequality leads to instability

• The title of the book reflects a view that counters the right-wing argument that inequality may be a bad thing but to do anything about inequality is to kill the goose that lays golden eggs. Inequality is bad for economy, democracy and society. Much of the inequality in the US arises out of rent-seeking —monopoly, exploitive practices by banks and corporate exploitation of public resources. In the Indian context, you will call it corruption but we call it corruption American style, where you give away natural resources below market prices. India is doing it now but America has a long history of doing this.

There is a clear association between inequality and instability. People at the top don’t spend too much, they save a lot but people at the bottom spend everything. So you redistribute income from the bottom to the top and demand goes down. That makes an economy weak. That is what happened in the US. We would have had a weaker economy, but the Feds stepped in by creating a bubble that created more demand to offset the demand that was going down. Of course, creating a bubble was creating instability.

• Stiglitz confessed that both the IMF and the UN commission that I chaired came to the conclusion that inequality was one of the major causes for the crisis. It is not the direct, precipitating cause that bad lending was, but bad lending was a result of deregulation and the interest rates that were itself a result of inequality. If we don’t improve inequality and don’t do something else, it is going to be hard to get back to robust growth and prosperity. We are likely to have another housing bubble.

• He further opines, that in the presidential debates none of the candidates have mentioned the word ‘inequality’ as American politics is money-intensive and money-driven. Each of the candidates is expected to spend a billion dollars. When you spend so much, you have to go where the money is, and money in America is at the top. Therefore it is not a surprise that in the campaign you don’t hear a lot of discussion about inequality and the 1%. You don’t bite the hand that is feeding you in the middle of an election.

• He say that this debate may last or  may remain a phrase, he is not sure of, but it will be a part of America unless the problem of inequality gets addressed. It is just not that the top 1% get three to four times more that what they got in the 1980s, but the middle class today is worse off. When you have this degree of stagnation in the middle, there will be an expression through the political process.

• Stiglitz feels that GDP is not a real measure (or say per capita income) of development. he says that, I haven’t looked at India exactly, but it has strong implication for every country. In the case of China, if you take into account the environmental degradation and resource depletion, growth is much less than what it seems. You need that debate in India. Your GDP is going up, you have per capita highest number of billionaires but at the same time you have many people in poverty. So the GDP per capita doesn’t capture what is happening. In India, the progress in the middle and at the bottom has been less than what GDP in itself would like you to believe.

• When asked about the current issue in Indian Economy, that is FDI in retail, he puts it this way.  The advocates of FDI have probably put too much emphasis on it. India is in a different position than a small, developing country. You have a large pool of entrepreneurs. They are globally savvy, have access to global technology and they have a lot of wealth. So, if there were large returns to large-scale supermarkets, the domestic industry would have supplied it. Not having access to FDI is not an impediment in India. Wal-Mart is able to procure many goods at lower prices than others because of the huge buying power they have and will use that power to bring Chinese goods to India to displace Indian production. So the worry is not so much about the displacement of the small retail store but displacement further down the supply chain.

When an argument that ‘But big chains may create more jobs’; he told that  some of the profits of companies like Wal-Mart come from free riding on our society. They don’t provide healthcare benefits and assume that the spouses of the workers get healthcare benefits from their other employees or through some other mechanism. They might not be a good employer.

Always Yours — As Usual —- Saurabh Singh

Source: TOI

Probably Character and Integrity of Committee and it’s Members is Reflected in Decisions Made by It

Every one probably learns from the very childhood that actions speak louder than words and man is known by the company he keeps. The decisions, made by a committee, in context of previous sentence, should represent the character and integrity of the members of the committee. The two decisions made by a committee are provided here under, which will clearly let anyone understand that, what the main criterion behind such decision was. The Committee that took this decision is as detailed ahead:

The search-cum-selection committee was headed by HRD Minister Mr. Kapil Sibal and consists of chairpersons of UGC; AICTE; Mr. Shiv Nadar, chairperson of IIT Kharagpur, and Mr. Kris Gopalakrishnan of Infosys as members

(1)Choices of panel headed by Kapil Sibbal for Selecting Directors of IITs have already caused an embarrassment to ministry when the panel selected AK Bhowmick, for heading IIT Patna, as his name was not cleared by vigilance cell due to him being indicted by the CBI in the coal net scam.

(2)This time also, this panel has selected PP Chakrabarti as its first choice for heading the IIT Kharagpur. It’s known to all that CBI had recommended penalty against him in the coal net scam and even the CAG had pointed out gross violations. Probably it will be another embarrassment for HRD Ministry, if his name is not cleared again by vigilance.

Now you can decide on character and integrity of the committee members, as I have nothing to say further.

Always Yours — As Usual – Saurabh Singh

Source: Times of India & Indian Education Review

सियासती खेल

एक अरसे के बाद कांग्रेस पार्टी को सियासती खेल खेलते देखा. पिछली बार तो लगा था की कांग्रेसी नेताओं में सौदा (दिमाग) नहीं है I अमूमन तो कोई भी मजहबी अतिवादी या ऐसी ओर्गानैजेसन के मेम्बरान इतने हलके धमाके नहीं करते की वो जिस साइकिल पर वो बोम्ब रखा था उन्हें भी ख़ास नुक्सान नहीं हुआ I दहशतगर्द इतना तो ख़याल रखते ही हैं की इन धमाकों से अगर इंसान कम भी मरें, तो भी किसी भी हाल में जख्मी होने वालों की संख्या ज्यादा से ज्यादा हो I

मजहबी अतिवादी या ऐसी ओर्गानैजेसन के मेम्बरान बेकार में ही ऐसा जोखिम नहीं उठाते I इसका मतलब है की ये धमाके सियासती तोहफा थे, और मीडिया मैनेजमेंट काबिले तारीफ़ था की इन धमाकों की चर्चा मीडिया में भी ज्यादा न होकर बमुश्किल दो दिनों में ही ख़त्म हो गयी I इसके पहले भी तीन ग्रिडों का फेल होना महज इत्तेफाक नहीं हो सकता, और गर हुआ भी हो तो वह ४ – ६ घंटों में दुरुस्त नहीं किया जा सकता I अबकी कांग्रेसी सरकार ने अरविन्द केजरीवाल और टीम को सियासती दावों से मात दे दी I इतने ज्यादा और इतने सनसनीखेज इवेंट्स में मीडिया इनके इन्कलाब को तरजीह नहीं दे पाई I

खैर अछ्छा है की अरविन्द केजरीवाल, मनीष सिसोदिया, और किरण बेदी को समझ में आ गया होगा की, सियासत क्लर्क की नौकरी (जिससे उन्हों ने इस्तीफा दिया है) जितनी आसान नहीं है; वर्ना हर क्लर्क, क्लर्क बनने के बजाय मंत्री या बादशाह बनता I ये विचार मैंने किसी सियासती या मजहबी ओर्गानैजेसन के खिलाफ या सपोर्ट में नहीं, बल्कि सियासती चालों की समीक्षा के मायने से लिखे है

Always Yours — as Usual — Saurabh Singh

……..and Markets Came Tumbling Down ……..an attempt to explore the Cause..

……..and  Markets Came Tumbling After

Perhaps, both Dr. Manmohan Singh as Leader of Ruling Party in Power and Mr. Pranab Mukherjee, as Finance Minister went up there, this budget session, to specially put the Indian GDP in higher growth trajectory. Probably all went in vein. All accepted; but then what could be the reason at the route of it? Is anyone interested and involved in finding out the route cause or all are merely trying to make the smart, logical and rational guesses.

Many experts have been found blaming it on the variety of issues, and the sum of these issues is much larger number than all the experts giving their opinion put together. It signals an impression that now a doctoral thesis should be presented on ways of identifying that the individual, who is well dressed and has somehow made it to a position of power and claiming to be expert of domain, is really an expert or a garbage vomiting biological machine.

Pictorial Representation Market Crash

Market Crash of Two Different Centuries     1930 — &–2008

The reasons forwarded by expert for any wanted or unwanted oscillation in the national economy has as much probability of being found in few phrases mentioned below, as much is for any oscillation happening in mood of markets, in next day trading session.

An Attempt:

1. Probably this is an outcome of policy paralysis at the level of Government…

2. It is due to fear being felt by FIIs due to the possible provisions of GAAR on P- Notes…..

3. This is being reflected as the Rupee is getting weaker……

4. It is due stubbornness being shown by RBI Governor by not easing interest rate…

5. It is an outcome of inflationary pressure…..

6. Because European markets opened on lower side…

7. Euro zone crisis is having its impact felt… as all the economies are networked these days….

8. Prices of Crude Oil are moving northwards due to possible stance of USA on Iran’s nuclear issue..

9. The monsoon has cracked a joke on us….

10. The quarter -1 , 2, 3, 4 data for industrial output were not promising….

11. There is a growth being noticed in unemployment rate in USA….

12. Forecast of Chinese economy has taken the fizz out of the market….

13. All this is due to the nation’s money lying in the tax heavens abroad….

14. The growing fiscal deficit is responsible for it….

15. It is the burden of subsidy that is killing the government…..

16. Investors’ are fearful of risky assets and they going for Cash or preferring cash..

17. The Greece crisis has taken its toll….

18. The Spaniards are going uncontrolled……

19. It is due to the Vodafone issue..Where FM wants to put a tax with Retrospective effect..

20. Rupee falters on rupee outflow fear…..

21. Now markets are waiting for first signal of Mr. Hollande, the new President of France.….

…..

 

 

,,,,

 

                                                                                                                   

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…..

N. The grocery seller was saying that Fed is in for an interest rate hike…..

N+1. I heard my taxi driver telling to someone that it is being stage managed by the government…

N+2. There is a foul smell of some foreign hands behind it…….

This is not the end of the list, and therefore just an illustrative one has been put up. Please feel free to add your suggestions. The names will be sent to Nobel Committee which supposed to announce the Current Years’ Nobel Prize Winner in Economics by conducting a free and fair lucky draw from it…..

                                                                                                                     Always Yours— As Usual —– Saurabh Singh

Has the Track been cleared …….for Policy Decisions, A Must for Economic Growth & Development

The counting of ballots and consequent declaration of results of Assembly General Elections 2012 held in five states of India on March 06, 2012 completed an important event in the process of Governance. Simultaneously, it also emphasized the importance of concept of Federalism for modern day democracy. On the other side of these developments, an increasing demand world over could be seen, India included, to incorporate or bring about a transformational change in the context to the ‘Governance’ issue.

It seems to be an apt time for revisiting to ensure that ‘Democracy’ as a system of governance adheres to its core attributes and the ‘Institutions’ erected to ensure its real spirit are capable of not alone performing the task, but also of representing the diversity, culture and socioeconomic issues and facets of the people, who have adopted such a system of governance.

It’s being expected by all concerned, that with culmination of Assembly General Elections 2012 of five states, functioning of Union Government would turn more efficient. Union government may now get free from the clutches of ‘Policy – Paralysis’ or ‘Stymied Decision Making Process’, which seemed to have become integral process of decision making by Union Government in Financial Year 2011 – 2012.    

Numerous issues of urgent importance, which were supposed to have been approved or rejected, are still there in cupboards of ministries, either awaiting their turn for being tabled in parliament, or are there in roll back mode awaiting the creation of elusive ‘consensus’. The post Assembly General Elections 2012 picture may not be pleasant to ruling coalition as Union Government, but it has certainly succeeded in putting an end to chaos, confusion or dilemmas born out of various presumptions and  self-fulfilling interests of a number of political parties.

The words, such as ‘Urgent’, ’Important’, ’Immediate’, ’Today ’and ‘Top Priority’ etc. have turned meaningless when seen in context of number of issues to be tabled, discussed and cleared or rejected by both the houses of Parliament, and also in the context of quantum of delay that has already occurred. Some issues out of them may be put, for purpose of illustration, as ‘FDI in Retail Sector’, ‘Direct Tax Reforms’, ‘Entry of Foreign Equity in Indian Airlines Industry’, ‘Issue of 4G Spectrum’, ‘Issue of Telangana’, ‘Creation of NCTC’, ‘Proposal on RPF’, ‘Issue of Inflation in Food Items’, ‘Deregulation of Prices of Petroleum Products’, ‘Land Leasing Bill or even Land Reforms Bills’, ‘Transforming Education in to Business’ and many more of the similar type.

The comments on issues are knowingly being avoided, as every single issue is important and also a subject matter to be covered in numerous articles, debates and deliberations. Certainly the same will be done, but the purpose here was to highlight the important issues pending approval of the parliament and also the evolution of Indian Political System and Governance as on date.

 

Always Yours —– As Usual —— Saurabh Singh

HAPPY HOLI – A FESTIVAL OF COLOURS & CELEBRATION OF VICTORY OF GOOD OVER EVIL

DELIBERATIONS ON POLITICAL ECONOMY BY A NON ECONOMIST

In the world, where knowledge domain of Economics has over simplified postulates and assumptions at it’s foundations where everything boils down to human rationally and self interest, you can certainly afford to enjoy the luxury of not being an Economist.

This helps in letting your thought process turn human. It has the liberty to be logical till things work that way and turn lateral the moment things go the other way. Your inner self will not force you to accept the postulates on which economists base their decision.

Another over simplified assumption, that ‘maximization of self interests will cumulatively lead to maximization of social interest’, has now turned man eater. Its hunger for blood has now started erupting at shorter intervals of times and subsides by sucking more blood than the previous encounter.

The attempt here is not to advocate socialism or oppose capitalism as a better and brighter school of thought or vice – versa. The efforts are being put with a wish to succeed in convincing people on existence one another ‘—ism’, which much different but nearer to truth than any of the existing ‘—isms’, be it capitalism or socialism.

‘Realism’ is a concept that is much easier to understand when compared with any of the complex fictions wrote to date and which have succeeded in convincing the humanity.

Perhaps, a student of standard five or junior school can get his curiosity satiated by getting convinced from few postulates, as mentioned below:

1. In a situation of panic people often turn dumb or even turn statue. It seems as if any ‘vacuum’ has replaced the whole thought process. In such a situation an assumption of people being logical or rational or self interested is in itself an illogical and irrational assumption. In other words, you can say that any situation that leads to getting your thought process can be said as a situation of panic.

2. It is the ‘investment’ that increases the productivity thereby leading to a surge in consumption and thus paves the path of economic development. Economic well being of society can, never ever, in long term be ensured by increasing the consumption or maintaining a status quo in the consumption level. In the long run, sustaining or increasing the consumption levels without any increase in investment, will lead to much grave consequences as it will get the economy more leveraged.

3. The state of ‘self – denial’ can never let any individual score victory over ‘death’; i.e., say save from facing the eternal truth of human mortality. State of self – denial is first symptom of the fact that individual has lost the battle and is now turning ostrich.

4. Components of any system, which are termed as sub systems, maximize their interests only to the levels where maximization of their self interest is in congruence with the goal of system and not beyond. Else the system will collapse. This leads to the inference that maximization of self interest would converge into maximization of social interest only till a limit. If the same is pursued beyond those limits, it’s bound to turn fatal for society and will even endanger its existence.

[Neither Postulates Nor Discussion Is Over – But Is Enough For The Day – More At Next Encounter]

                                                                                                         –Always Yours — As Usual — Saurabh Singh

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