Picture Courtesy: http://www.hangthebankers.com/wp-content/uploads/2012/08/Food-Inflation.jpg
Saturday, May 14, 2016
Hue and Cry for increasing agri product prices – Balassa Samuelson Effect?
Picture Courtesy: http://www.hangthebankers.com/wp-content/uploads/2012/08/Food-Inflation.jpg
Sunday, April 3, 2016
Not the Indian Capitalist Dream.... but ground reality!
Abnormally high profits recorded by the business entities in an economy will only worsen the inequality and will challenge the principles of financial inclusivity as they are generally the result of persistently high prices of services/goods and depressed wages.
This applies very well in Indian context aswell when few of the businesses are recording phenomenal profits in decades especially in the oil and gas industry, when the economy of the nations which contribute to the major production of crude oil is suffering from an economic turmoil.
The banking and insurance industry is also not insulated as well. When the public sector banks and insurance firms cannot clock a half of the profits registered by private players in the same grounds in percentage terms; we cannot blame bad debts and inefficient leadership as the only reasons for their below the par performance. It may also be due to the increased cost of services levied by those private players ensuring their high profits while challenging the entire principles of financial inclusivity in day light for which the banking system as a whole should act as a guardian for and which is imperative in a developing economy.
The Venuzelean example of regulating the markets by subsidising almost all essential goods and services has once again prooved to be a wrong approach aswell. But in the quasi federal system of governance in India, those in power, especially in the southern states of the country are wooing the public by susbsidies to ensure an easy path to their electoral victory and there by hampering the system.
To the best of my limited knowledge no system exists to limit the profits of a business entity to the median of the industry standards though it sounds highly utopian. But a system that facilitates those profits to be ploughed back to bolster the infrastructure development of the country as well as ensuring the wages of workers to a set standard will and can surely ensure the development of a nation in the long run.
Cheap availability of the qualified quality resources should never be a reason to pamper the capitalist dream of higher profits. If we are doing so, it is only reiterating the clichéd statement of neo colonialism.
In a country like india, which produces as many engineers equalent to the population of Switzerland, though they stand number 1 in innovation index and our position can put us to shame; it is cheaper to avail the services of an engineer than to the services of a plumber or maison. But it should not be or cannot be the reason to employ a qualified professional delivering the same quality of any one comperable with him across the globe at almost a quarter of what is getting paid for the same profession abroad. The payment should be at the least made in line with the currency parity. It may also plug the brain drain on which we make hue and cry day in day out.
The financial inclusivity happens with the concept of distributution of wealth but not through a highly subsidised system and not by market regulation of goods and services but ensuring that there is a market correction of the percapita expendable income of the citizens.
(Picture Courtesy: http://art-and-anarchism.tumblr.com/post/64854603304)
Tuesday, September 25, 2012
Another Face of My country
Sunday, August 19, 2012
The Rich India, The Poor India.
Saturday, August 28, 2010
Realty TV shows………. Its high time that you give something positive to the society
I am not doing social policing….and never expect me to do so…..
I am not claiming to be eligible for a seat next to Mahatma Gandhi or Mother Theresa……
But some of these bullshit things that I come across raise my blood pressure and make me talk about some of the basic ethics…….
Being an MBA student, I believe that I know about marketing a little. But the marketing trends followed by some of the television channels are just ridiculous as much as it can….
Take any reality show….. These rascals never forget to include a blind fellow or a handicapped person….. Don’t think that it is with out any intention….. we the common men are intelligent enough to understand that the channel will get excellent viewership by showing some of the celebrities shedding their crocodile tears for these contestants….
Enough is enough…..
What made me write about this is the gr8 idiotic show which I come across in SUN TV and in Surya TV: Deal or No Deal…..
Many of you might have come across such an idiotic program but still I am briefing you on that… The program is not a quiz or any program which involves intelligence…. It is a simple program where mere luck plays the game and there will be a banker making deals reminding us of the merger and acquisition news that comes in business line…………..
But the latest ad which was shown during a movie was as ridiculous as it could be….. few females cribbing about their unluck and ultimately about their financial burdens which happened due to that and enlisting them as their ultimate reason for coming for the show…………
I pity you Mukesh… you somehow managed to have the image of a good actor but I pity you for the single reason that you are anchoring such a ridiculous program in surya TV. May be you can speak of increasing popularity of the show or the rising numbers of viewership….. I simply damn care about that….
Being an actor / actress you guys are supposed to exhibit some sort of social ethics…. Which many of you forget these days……….. At least don’t use the sentiments of the society towards a physically challenged person or a mentally challenged person to promote your show………….
Please………. Please………… Please exhibit something positive…….. Follow some thing good from the foreign culture……….. Take the example of Nike ad using a physically challenged sportsman to show endorse their products……….. pls do some thing positive…. Give some positive energy to the society………
I know that you people will speak of all those activities like visiting the old age homes and singing in front of them and serving meals in their platter………… But do you think that it make any sense???
If your real intention is to do something good don’t take benefits out of it………. Please don’t show the tears of those old people who are abandoned by their children……….
Don’t take it otherwise………. I do respect some service given by you to the society but what is not digesting to me is the exhibitionism of what you do………..
Give something positive in your messages…….. Show how to save fuels……. Show how to reduce energy food prints…………. Show how to reduce use of paper………… show how to reduce environmental pollution………
But your intentions are different……… I know that you may not be interested because these may not attract viewership………… and that is what you are ultimately interested in……….. So admit that fact and shrug………
Sunday, January 31, 2010
Promotion the final P
well you make yourself acceptable to the
society. Self marketing is mainly related to
how well you present yourself and interact
with the society. The society’s perception to
your deeds, acts and even looks acts as factors
affecting your brand value.
Everyone starting from the paperboy to
the milk man who comes to your home at the
day break to the beggar who knocks at you car
window in the traffic signal needs self
marketing. The basic concept related to this is
how well you play your role in every days life
and how well it is accepted by the people
around you.
The times where a person is valued by
his first impressions are lost by mid 80’s and
now it is a period of continuous evaluation. It
is applicable to everyday life, your job, your
bank transactions and even how the society
reacts to you.
When a person is approaching an
organization for a job; his biodata is already in
the table of the interviewer as it is available
from his previous endeavors while working in
another organization. Likewise the banks all
over the world can easily collect the customers
behaviour in repaying a credit from his
previous transactions with any other bank
world over.
Self marketing is sometimes
misjudged and limited to the way you market
yourself in a job interview. But the fact is that
the implications are much more than we
perceive. Self marketing is something which
you require for every action you do in today’s
world where there is surveillance in and all
around you. It can be even considered as a
part of the personal ethics.
The first lesson I learned from my
experiences is that there is a substitute for
everything in this world and it is our duty to
have an upper hand in the market place by
being acceptable and not by being totally
different. Today’s world is having people with
almost equal talents and the mood all around
is of a burgeoning competition. The only
relevant question is how you gain an upper
hand whether it is a job interview or for a
promotion post or even for winning the heart
of a college beauty.
Self marketing is closely associated
with the classical 4 P’s of marketing. It is
nothing but Putting yourself as a right product
in the right place, with a right price, while
keeping yourself upright promotes you as a
brand to the society.
But how is price playing a role in self
marketing? The price is nothing but the
expenses the society incurs in any interaction
with you as being a part of the society. The
society is incurring an expense for each of its
members starting from the time to the services
that is enjoyed by that particular person from
the society. It is our duty to keep our self
eligible for the price that is incurred by the
society.
In my opinion the place is as relevant
as the price in self marketing. It is difficult for
any person to have a pan acceptability. So it is
his duty to find a place where he is mostly
valued so that he being non acceptable
remains out of question atleast in that
segment.
Ultimately it is the ethics what an
individual keeps upright is his promotional
factor in a society. The final ‘P’.
Sunday, March 8, 2009
Tamilnadu: Is it a vibrant state? The pros and cons
At first sight itself Coimbatore impressed me with the infrastructure and the amenities that the town provides to a vast population.
But the things changed in a matter of time. To conquer is easy but to maintain the statuesque is bit difficult. The first thing which I stumbled was when a friend of mine met with an accident. We had to pay even for the mobile recharge of the sentry at the police station before we could release the bike even though a drunkard came and hit our parking bike. I took it as an exception. But later on there were so many experiences like that. I was really wondered to see so much of escort vehicles and traffic regulations for the one day visit of the states chief minister when the chief minister of Kerala sometimes used to travel with out an escort vehicle; I later concluded that it may of the reason that once an Indian prime minister was killed in a bomb blast in Tamilnadu; and there may still be branches of extremist groups of the neighboring country running in the state. But still I feel that this much of security is nothing but a sort of showoff.
I had a great respect for the chief minister when I came to know that he is supplying rations for the below poverty line group at a rate of one rupee and is providing colour television sets to all the families and bicycles to all the girls up to +2 and is promoting industrialization like anything in the state. I was happy to hear that BMW factory is setting up in the state. I still remember the state wide strike that we Keralites have arranged for welcoming the auto giant when they came to visit Cochin, which was their first priority in setting up their factory. I was also happy to hear lots of mega industries like the Nokia, Samaung etc have their factories in Tamilnadu along with lots and lots of small scale industries in the state. I was really dumbfound when my friend took me to some of the small scale industries in and around the housing colony at Hopes College Junction where he is staying. I could also see lots of malayalee restaurants from Ukkadam to every where as there is a large student population who are resorting to these shops for the tastes of their home. People of very far away places like Kannur and Kasargod are running business in coimbatore andi could see a large malayalee population earning their livelihood from the city.
I also met Mohammed, a Sudanese student who was studying in PSG Tech at a tea shop. He was staying in an apartment and he told me that his parents are there at his native land. It is a good thing to hear that the fame of Tamilnadu education has reached even overseas. He is happy about the educational facilities in Tamilnadu and the only thing which bothers him is the hot climate. He told me that he is planning a trip to Vakala beach of kerala and added that he is likes the climate of kerala more.
But on the same day I met Mohammed when I came to the Bus station at Gandhipuram I felt really bad about the mess going over there. The private bus people are cajoling the passengers to get in to their bus rather than using a government transport at the bus station. I felt it really bad and even the cops were present there when all these kinds of business were going on. Nobody is questioning these guys. Likewise the Mineral water vendor at the bus station was charging 1 Rupee extra to the MRP for a bottle of “Aquafina” and gave me an explanation that it is the cooling cost!!! and when I told him that I’m gonna complaint; he just scorn at me and asked me who am I gonna complain about him….. I am sure that these kinds of ridiculing never happen in Kerala. I felt that Kerala is having better and conscious consumers. Like wise the Urinals at the same bus station were charging 2 Rupees though the board speaks of 1 Rupees per person and the person in-charge told me that it is an old board. I relay wonder why these people are lying so blatantly as I could see the same board week after the other.
You may ask why I am bothered about these small little pennys……… I do have an answer for that. My answer is Krishnan; a person whom I met during my return journey from coimbatore. He was working as a welder in a workshop and he is staying 2-3 bus stops away from my place. But I saw him taking a bus ticket to my stop and I asked him the reason…… I was astonished to see a “Penny wise Pound foolish” policy in an illiterate person like Krishnan. He gave me the answer like this. For him to get down at his bus stop in an inter-state fast passenger bus, needs to spend another 6 rupees additional and if he is getting down at my place and is catching a local bus will cost him only 3 rupees and he told me that each penny is valuable for him as it is so hard earned. Though Krishnan was eloquently speaking of his better job opportunities in Tamilnadu, I have a feeling whether the corruption is engulfing the goodwill of the state. For corporates the richie riches who never bother about few thousands to get their things in a speedy and preferable way corruption may not be a problem but for the other major population including Krishnan, it may take away a major part of their earnings.
I have just sited the examples of corruption at the root levels in Tamilnadu. I now remember the famous dialogue from the hit tamil movie Annyan that the corruption in today’s society is so subtle that nobody understand the corruption of a 5 crore ruppes taken as 5 paise from one hudered crore population. These tendencies are to be countered to any extent as at least some of the persons like Krishnan are directly feeling the heat better to any other observant economist analyzing the corruption and nepotism in the society.
Everybody is giving voices for setting up of a central agency to counter terrorism; a major problem affecting the life of many and the economy of the country. Likewise there should be a central agency to counter and punish corruption as it is an equally important hazard affecting today’s society. But never speak of eradicating corruption from the base level as we always do. Our tendency is to eradicate corruption from the lower stratum; that may be from the attendants in the office while the higher bureaucrats and the persons in power are doing major corruptions blatantly. That year old idea sounds ridiculous. Never think of felling down a big banyan tree by tearing its leaves. We need to start from the roots. Likewise the higher stratum needs to be free of corruption and should exemplify them for the lower stratum to follow. For that we need better leaders and the election time is on and we need to respond through our ballots by electing the most suited candidate rather than looking for the politics, religion, caste or community of the candidate. But to be stated with great remorse that electors of India usually ensure that there will be some tainted candidates at least with some criminal and corruption background to reach the Loksabha. But let us all hope that the 15th Loksabha will be different. India which is in a growth trajectory needs to keep its pace and we all should exercise our legal right to vote keeping such a thought in mind that MY COUNTRY NEED TO PROGRESS.

