SMS & The Indian Economy

       Recently , we have witnessed the Indian Economy touching 57Rs/$  levels which are at 10 year low level. These were on account of the global economic scenario , the lack of positive investor sentiments and lack of Reforms within the country which led FII investors to take out their money invested . The lack of reforms were attributed to the lack of a clear leadership at the CENTER . Manmohan Singh was criticized for lack of leadership and was said to be just an ACTING Prime Minister under the leadership of Ms .Sonia Gandhi .
       Now today i.e 30/6/2012 the sensex zooms by 439 points and Rupee gainig 119 paise logged its second biggest gain in nearly a decade . These were on account of robust capital inflows amid clarity on tax-avoidance rules of the country [GAAR] and unexpected steps unveiled by the EU to support the region's financial system . Also recently , the Economic BOOSTER by the government in which central bank announced a $ 5-billion increase in the limit on foreign investment in government bonds, raising the cap to $ 20 billion, and a $10-billion increase in the external commercial borrowing limit for new projects. RBI also announced a few other minor steps, while the finance ministry said that the liberalized withholding tax provisions on overseas borrowings would be notified soon which they did yesterday .
        So now you all must be confused as to why this blog's Headline says SMS & The Indian Economy . This blog is to highlight the efforts by our respected Prime Minister Sardar Manmohan Singh's to revive the Indian Economy especially the arrest of the sliding Rupee .
         Recently , Manmohan Singh as the PM had gone to the G-8 summit where there was a serious debate on the Euro-Zone crisis . Manmohan Singh was first of all criticized very harshly for missing an important session in the parliament and going out on ' Tour' for G-8 summit . And the media and politicians went berserk when he pledged 10 Billion US $ for the Euro-zone crisis when there was already a crisis like situation in our country . But I must tell you this was a very smart move by our PM . The help provided to the Euro-zone crisis by our PM lead the European Union in return to support and take unexpected and surprising steps towards helping our economy revive .
         Secondly , as soon as SMS took the charge of  The Finance Ministry in wake of Pranbda's presidential dreams .. he cleared the confusion over GAAR and cleared the governments stand on it . Thereby , there was more clarity on the reforms of the government and the investor sentiments were revived . Market confidence is great now and that's why the zoom in the sensex . The problem of lack of reforms is not there now . There is clarity of leadership as we can all see as to WHO is doing the JOB for the Country . Business Confidence improves after PM takes charge of the FinMin according to a survey with more than 80% CEOs polled felt that the PM with the Finance Ministry under his charge will now act without further loss of time , as he realizes that the economy cannot afford any more indecisiveness .
          My point is , its because of the foresightedness of our PM & the acting FM now that Rupee is recovering and due credit goes to this highly experienced Man Sardar Manmohan Singh who has previously handled this Portfolio in 1991 and did the BEST job possible . He is the supreme leader and he is very smart ! :)

Money & Parental Love

         Two Persons killed in an accident involving a Honda City driven recklessly by  UNDER AGED RICH CHILDREN  . Teenager Boy held for Mangalsutra theft , coming from a WELL-EDUCATED family Background . Nowadays SUCH crimes by juveniles coming from a GOOD FAMILY BACKGROUND are on the increase . It is said in India that your Behavior reflects the family background one is coming from . But then , when Parents are well Educated ,why are children committing such crimes ? ! This poses some serious questions on issues relating to Responsible Parenting , our Social Circle INFLUENCE and a few more issues.
         
1} RESPONSIBLE PARENTING : LOVE VS MONEY
     Now days Parents are spending a whole lot of money on Performance Enhancing Products [PEP] for increasing the performance of their wards in Exams .These products ensure best performance in exams * . They Include
- Blackberry Phones with that monthly pack of unlimited services . SO that they can talk to friends on phone all night to socialise.
- Apple [ An Apple is the need of the day   ] , Ok Next best is Dell or the least bargain is HP . Acer , Toshiba ..huh .. Do they even manufacture laptops ?!!
-  Motorcycle R15 , CBR 250R , Ninja 250 R , CBR 150 R [ Latest ] , KTM Duke 200 ..its amazing though ! :P Otherwise no one settles for less than a 150 cc bike .
- List goes on which include Petrol , weekend eat outs , Club , New year party , Valentines day , Monthly recharge .

           Then there are coaching classes which charge upwards of 20 K for competitive exams . Can go upto 1.5 lacs ! With the new scheme of exams the coaching classes would not make any sense . But who cares , who'll go for the 2nd Best .
             Some parents spent it because they CAN & think that these will Really help in enhancing their wards performance in results . Some are reluctant to do but are forced to because of EMOTIONAL ATTYACHAR by children . So here are two cases i would like to enlighten on .

[COST OF PEP's turns out to be more than 1 Lac !!!!!!!!!]

 a]- Parents who can Afford - Common ..we all know these PEP's don't help at all BUT they act just the opposite to the MAIN CAUSE . These are not at all required . Whilst buying a laptop a few days back for a friend i was stunned to see a 10th std guy with his Dad asking the showroom manager to show a Laptop with 1 gb Graphic card  . We all know what he is buying it for . His Dad was OK to buy one for him . Did not seem to be with soo much spare money . SAD :(

b]- EMOTIONAL ATTYACHAR - We will not study unless we get this or unless we get that . Such are the outcomes of EXCESSIVE LOVE showered by parents compromising on Discipline . Parents just bow down to such STUPID requests by their wards no matter what. But this problem of EA will worsen with time . They are not making them aware of the ground realities . Such UPBRINGING is asking for trouble in future . Parents should realize that all this will affect the personalities , children don't learn to be self dependent and then LACK courage to FACE life .


2} SOCIAL CIRCLE PRESSURES :
     A friend buys a cell phone , a bike or some shit . But whatever the COSTS involved are and whatever the  SPENDING POWER  of parents , wards just want that thing no matter what . They just do the Ctrl C Ctrl V thing without putting their own common sense in mind . I think everything should arise from a NEED . There should be a basic need for that thing . But OUR need is something which wards never think of whilst buying these days . One should know what one needs , at least when they are dependent on their parents . Children are committing crimes to finance their stupid needs .

LAST WORD :
 I am not saying that one should not have a BB phone of an apple pc , its just that one should realize their genuine NEEDS .If one can afford it , they certainly should . Parents need to inculcate in their wards the costs involved in their needs . Robert Kiyosaki's Rich Dad Poor Dad is recommended to parents and also to their wards . There is a need of Financial Literacy among students and their parents . Decisions should not be made out of emotion , be it happy or sad . There should not be any EMOTIONAL ATTYACHAR , that is Bad and is very SAD . There should be a clear dialogue between parents and their wards on their spending powers   /capacity .  Overspending on children can be FATAL and more importantly their ATTITUDE towards life goes wrong because of Excessive Love . There is lots more i can add here but i think one gets the message here . Financial costs of raising you ward for a successful career is HIGH . One just needs to manage it and cut down on PEP's as much as possible .


     The Author here has committed some of the mistakes above[ not the crimes though ] :D and he realizes a need to share this knowledge with parents and their wards . :)

World Bank AID vs Loan : Is it really an AID ??

News : World Bank Approves 4.3 Billion Dollars AID for India that will enable India to continue accessing long-term, low-interest IBRD [some Finance scheme] finance for development projects aimed at improving the lives of its people, one third of whom are yet to make their way out of poverty.                                                                                                         NOW TELL ME HOW THE HECK IT IS AN ''AID'' . Its simply a low interest loan scheme !!
The word ''AID'' is being used improperly here and is soo misleading . They are simply providing us loans with low interest rates and that how it should be seen . Its simply a business deal put forward in the form of an ''AID'' which is highly misleading . Its simply business for them . Common Stop Fooling Indians in the name of development of the poor and if you are giving loans '' be real and clear '' !!

Ctrl C Ctrl V & Its Impact

     We often use this command while operating our PC's .  How relevant is this Command when we apply it to our lives ? Do we in India have a life we really had imagined to be ..or more soever do we even IMAGINE what we imagine or is it just a some Ctrl C Ctrl V thing .
     Right from the childhood we are compared to others who do better than us  . That is the very basic issue which gives way to problem of copying  .  When two people are compared one either leaves it as that is not his/her thing OR one tries to Ctrl C Ctrl V on to his life . When we are children we lack the decision making ability to choose something which is good for us . Something which is attractive / widely bought / in fashion is where children get attracted towards . The decision making ability of leaving a particular thing which is not his/her thing comes when we become adults , we do things which is of our priority . So coming to the main point , when we are children , our decisions , particularly about our future careers are based upon things which are in Fashion , trendy or something what the person better than us is doing . Our ability of imagining things , enjoying things we love to do are hampered and what we end up doing is Ctrl C Ctrl V .
      Sometimes children are pushed to do something they don't like by their parents which is rampant in India . The creativity & freedom of thought of the child gets killed ! This leads  children to  develops a forced tendency of copying , even though he may not be happy with what he is doing . Then there is all sorts of emotional drama at Indian homes . God damn it ! At least we should learn from the animals who give freedom to their children of leading their lives on their own and surviving it too . Ctrl C Ctrl V is rampant in India as far as lifestyles are concerned . We are producing engineers & doctors in heaps , but the quality standards are BAD . There were some news recently where IISC Banglore's scientist copied material from a Foreign Author in his Thesis or some project report . If Copying is done in Institutes which we look upon to as centers of excellence then we can imagine what the condition prevails .
      I often get to hear things from some of my friends that they are not happy with what they are doing and then they have to plan it altogether again or else they are left with compromising their lives which is a very sorry state  . Why not do it at the foundation level itself in childhood !
        My personal thoughts be Real , Be Original and always strive to do your own things . I've realized it after many mistakes and i must share this , copying is just not good ! Its a short term solution to a long term problem . :)
     

Western Management Education & India

There is a trend in copying the west . No Doubt they are developed and there are lots of things to learn from them . But blindly copying them and implementing their principles here makes no sense . There is nothing ''Indian'' in it.
Recently there was an article about the Management Education in India . Its a finding that the pattern in which the fundamentals of Management are being taught are totally Western in style . Now there are two things to be noted here . USA doesn't have Democratic form of government. and applying concepts of Capitalistic nature to a nation where Democracy prevails is absolutely ridiculous . How can a country like India which is in the development process think of making Money , where the priority should be on the overall development of all the Sections of society and the nation . India might have a good GDP , but the issues like inequality in social and economic sections withing the society are increasingly widening . This kind of tilted growth makes no sense in the long term .