Friday, May 07, 2010
Sunday, March 14, 2010
I had numerous discussion on this with my fellow ISBians, more or less with the BBG that includes my inner circle in ISB.
Well you must be wondering what BBG stands for..well I bet 1000 bucks u can't guess it.
BBG = Bakar Brahman group 'coz all of us usually roam around the campus and do absolute non-sense gossip on baseless topics...
Let me introduce you to my group:
Jasmeet Singh Marwah (meekest sardarji with Sharp brain, shortest ever temper, he is known as king of all narcissists in this universe)
Shashank Dixit (Frustatma - he is known to show frustration for no reason on anything that one cannot even dare to dream of..u call him and he will say...kyuuun utha diya)
Vishwanath Machiraju (Dance master, amazing skills - lives right next door and cribs at who took his milk, cups, sugar. It is usually me as I just go to good neighbors and let them help me to have tea at 4 AM in morning :))
Mouneesh Sinha (My quadi (same quarter), Bengali. He speaks so loudly that even when he thinks, I can hear in my room :) , his sentence starts with ...WAAAAAT [try to say what at loudest decible level and u may mimic him:)], if he fells sick only chicken can get him well and he thinks that veg food will make him sick )
Sudipta Ray (another bengali, she still owe me money, she is known to have guts to come to all parties without carrying purse...One needs to learn from her..we tried but paid :) )
Shweta Tewari (Suddi's quadi, chicken bhakt, another skillful dancer of our group, Jassi's right hand or may be its other way round)
Suddi and Shweta watched all episodes of Swayamvar (yes both editions)..and all kind of TV melodramatic serials.
Common link among all - Movies
We have watched almost every movie that has been released during our 1 year of stay at ISB. Also, used to watch old movies at mouneesh's quad while partying at our favourite spot - SV3 corner.
Will write a lot more on my stay at ISB...this is just beginning. I intend to provide a descriptive narrative of our life at ISB.
Past 1 year has passed by rather fast but it was fun, together we studied hard and partied nonetheless :)
This is 1 year that will stay with me for many reasons...friends that I made here..and ISB tag that will be with me forever..not to mention the knowledge gained.
But top of all....in all probabilities as my dad told me after my admission to ISB.
"Ashu, work hard but enjoy 'coz this is going to be your last student year". I remembered his words whenever I found it hard at ISB.
So, I will remember ISB for the learnings and fun that I had in last 1 year, after long 6 years of hard corporate life.
Well you must be wondering what BBG stands for..well I bet 1000 bucks u can't guess it.
BBG = Bakar Brahman group 'coz all of us usually roam around the campus and do absolute non-sense gossip on baseless topics...
Let me introduce you to my group:
Jasmeet Singh Marwah (meekest sardarji with Sharp brain, shortest ever temper, he is known as king of all narcissists in this universe)
Shashank Dixit (Frustatma - he is known to show frustration for no reason on anything that one cannot even dare to dream of..u call him and he will say...kyuuun utha diya)
Vishwanath Machiraju (Dance master, amazing skills - lives right next door and cribs at who took his milk, cups, sugar. It is usually me as I just go to good neighbors and let them help me to have tea at 4 AM in morning :))
Mouneesh Sinha (My quadi (same quarter), Bengali. He speaks so loudly that even when he thinks, I can hear in my room :) , his sentence starts with ...WAAAAAT [try to say what at loudest decible level and u may mimic him:)], if he fells sick only chicken can get him well and he thinks that veg food will make him sick )
Sudipta Ray (another bengali, she still owe me money, she is known to have guts to come to all parties without carrying purse...One needs to learn from her..we tried but paid :) )
Shweta Tewari (Suddi's quadi, chicken bhakt, another skillful dancer of our group, Jassi's right hand or may be its other way round)
Suddi and Shweta watched all episodes of Swayamvar (yes both editions)..and all kind of TV melodramatic serials.
Common link among all - Movies
We have watched almost every movie that has been released during our 1 year of stay at ISB. Also, used to watch old movies at mouneesh's quad while partying at our favourite spot - SV3 corner.
Will write a lot more on my stay at ISB...this is just beginning. I intend to provide a descriptive narrative of our life at ISB.
Past 1 year has passed by rather fast but it was fun, together we studied hard and partied nonetheless :)
This is 1 year that will stay with me for many reasons...friends that I made here..and ISB tag that will be with me forever..not to mention the knowledge gained.
But top of all....in all probabilities as my dad told me after my admission to ISB.
"Ashu, work hard but enjoy 'coz this is going to be your last student year". I remembered his words whenever I found it hard at ISB.
So, I will remember ISB for the learnings and fun that I had in last 1 year, after long 6 years of hard corporate life.
Saturday, February 27, 2010
PM Manmohan Singh recently mentioned, “Naxalism is single biggest internal threat to country”.
IS IT TRUE?
Not really, if we think in terms of current severity. We had Kashmir and Punjab, both driven by external support to internal discontented nationals.
But, if we evaluate the impact in terms of penetration then NAXALISM has potential to destroy Indian sub-continent. Unlike Kashmir or North-East, where terrorism impacted less than 5Million people, NAXALISM is prevalent in 30% Indian states and 450 Million people. Just imagine the impact on national politics and development if NAXALITES could further develop their support as they have been.
Remember BANGLADESH, how it suddenly appeared on world map after continuous oppression by its superior Punjabi and Sindhi rulers. We could run very well into such situation as Maoists run through single belt running from Andhra Pradesh to Nepal and then west Bengal.
HOW TO TACKLE MAOSIM?
Prime Minister and Home Minister suggested – Direct Action and use of power against Maoists
I agree – YES, I said it. I agree with use of force to CONTAIN the terrorism or Naxalism.
But, if you want to get rid of this issue permanently then INCLUSIVE growth is the only way out.
WHAT is stopping us from taking either kind of actions against them?
Think about it and think hard. Well, it is nothing but local politics as our politicians either get Maoists support in elections or use the issue to come to power. Either ways, local govt officials lack of antipathy and support from politicians provides these Maoists a safe heaven.
We can crack this by building closer coordination b/w central and local govt.
1. Train a new CRPF battalion to fight against guerrilla tactics, develop integrated intelligence unit across states and center.
2. Make poor believe that society is helping them:
Education: Initiate development activities in affected region, start by spreading education. Provide special assistance or scholarships to students from Naxal areas for higher studies.
3. Provide special assistance – subsidized fertilizers to farmers in the region.
4. Ensure PDS scheme is implemented and benefit reaches the affected families.
5. Bring industries, infrastructure development and connectivity in these areas. This will promote jobs and will hit the base of Maoist groups.
Will write more on this…
To write:
• Porter forces analysis of policing in Naxal areas – to identify SWOT
• Structured definition, analysis and conclusion of solution to the problem
• Letter to Prime minister and local parties – Tweet and Facebook Campagins
IS IT TRUE?
Not really, if we think in terms of current severity. We had Kashmir and Punjab, both driven by external support to internal discontented nationals.
But, if we evaluate the impact in terms of penetration then NAXALISM has potential to destroy Indian sub-continent. Unlike Kashmir or North-East, where terrorism impacted less than 5Million people, NAXALISM is prevalent in 30% Indian states and 450 Million people. Just imagine the impact on national politics and development if NAXALITES could further develop their support as they have been.
Remember BANGLADESH, how it suddenly appeared on world map after continuous oppression by its superior Punjabi and Sindhi rulers. We could run very well into such situation as Maoists run through single belt running from Andhra Pradesh to Nepal and then west Bengal.
HOW TO TACKLE MAOSIM?
Prime Minister and Home Minister suggested – Direct Action and use of power against Maoists
I agree – YES, I said it. I agree with use of force to CONTAIN the terrorism or Naxalism.
But, if you want to get rid of this issue permanently then INCLUSIVE growth is the only way out.
WHAT is stopping us from taking either kind of actions against them?
Think about it and think hard. Well, it is nothing but local politics as our politicians either get Maoists support in elections or use the issue to come to power. Either ways, local govt officials lack of antipathy and support from politicians provides these Maoists a safe heaven.
We can crack this by building closer coordination b/w central and local govt.
1. Train a new CRPF battalion to fight against guerrilla tactics, develop integrated intelligence unit across states and center.
2. Make poor believe that society is helping them:
Education: Initiate development activities in affected region, start by spreading education. Provide special assistance or scholarships to students from Naxal areas for higher studies.
3. Provide special assistance – subsidized fertilizers to farmers in the region.
4. Ensure PDS scheme is implemented and benefit reaches the affected families.
5. Bring industries, infrastructure development and connectivity in these areas. This will promote jobs and will hit the base of Maoist groups.
Will write more on this…
To write:
• Porter forces analysis of policing in Naxal areas – to identify SWOT
• Structured definition, analysis and conclusion of solution to the problem
• Letter to Prime minister and local parties – Tweet and Facebook Campagins
Saturday, February 20, 2010
Oracle vs SAP
Interesting article (click the link above).
Summary of SAP vs Oracle (unbiased :))
Key determinants in ERP purchase decision:
• TCO (total cost of ownership)
• Functionality
Oracle has better support standards with Fusion, SAP is comparatively not that well interfaced with other systems (say via BPEL, not all modules support BPEL in SAP)
SAP implementations are larger (more modules), more complex and hence costlier. Customers with complex businesses usually go for SAP
Oracle with its high adaptability (fusion) is better for evolving and growing\dynamic companies due to better scalability, integration and platform independence.
Oracle: Vertical Specialization Lacked big time until it acquired and integrated some partner products
SAP: Strong industry\business process driven products (18-25 industries)
SAP offers business processes - Oracle offers flexibility, scalability and integration
Interesting article (click the link above).
Summary of SAP vs Oracle (unbiased :))
Key determinants in ERP purchase decision:
• TCO (total cost of ownership)
• Functionality
Oracle has better support standards with Fusion, SAP is comparatively not that well interfaced with other systems (say via BPEL, not all modules support BPEL in SAP)
SAP implementations are larger (more modules), more complex and hence costlier. Customers with complex businesses usually go for SAP
Oracle with its high adaptability (fusion) is better for evolving and growing\dynamic companies due to better scalability, integration and platform independence.
Oracle: Vertical Specialization Lacked big time until it acquired and integrated some partner products
SAP: Strong industry\business process driven products (18-25 industries)
SAP offers business processes - Oracle offers flexibility, scalability and integration
Sunday, January 31, 2010
"India is walking a tight rope"
Indian GDP gets more than 50% from Service industry.
Service industry employees 1 Million workforce
Total Indian workforce is 500 Million
Lets reflect on India's growth and superpower status if IT comes down.
What needs to be done:
1. invest in infrastructure
2. Invest in R&D - Be a product driven economy
Indian GDP gets more than 50% from Service industry.
Service industry employees 1 Million workforce
Total Indian workforce is 500 Million
Lets reflect on India's growth and superpower status if IT comes down.
What needs to be done:
1. invest in infrastructure
2. Invest in R&D - Be a product driven economy
Sunday, January 03, 2010
QUOTE: Came across a beautiful Quote, that I usually try to live by!
So chill out while your work hard and learn to appreciate what you value most :)
Life is as beautiful as one sees it.
Don't try to achieve Happiness
Make Happiness a way of life!
“Yesterday is History, Tomorrow is a Mystery but today is a gift and that’s why it’s called the PRESENT.”
So chill out while your work hard and learn to appreciate what you value most :)
Life is as beautiful as one sees it.
Don't try to achieve Happiness
Make Happiness a way of life!
Saturday, January 02, 2010
Carbon Trading: Is it right time for India to be aggressive on Carbon Trading?
Introduction
“In 1997, YOY increase in emissions accelerated from 1.5% to 3%, this was just after countries signed the Kyoto accord”. It seems that some developed nations were able to reduce carbon emissions. However, a closer analysis reveals that though the developed nations reduced oil consumption to control gas price, fuel was burnt at other places (China, South East Asia) and goods were shipped to meet the developed nations’ requirement. Did it give us a cleaner world? No, actually it worsened the climate and trade balance.
Was Kyoto accord, step to protect environment, a failure? And is Copenhagen another recipe for disaster? Why did Brazil and South Africa pull back their support to US soon after the summit? Why India is aggressive on Carbon trading? What stand should India as a nation take on this sensitive issue?
India along with China leads the world trade in carbon credits. According to government statistics1, around 35% of 819 projects registered under CDM, are from India. Due to high number of transaction and interface with international community, India needs to reconsider its policies and commitment before moving forward.
Let’s ponder over some of the steps taken world over and their impact on us.
Carbon Trading Industry - Origin
Carbon credits are a key component of national and international attempts to mitigate the growth of greenhouse gases (GHG). In 1997 Kyoto protocol, attempt was made to penalize irresponsible developed nations and to reward cleaner developing countries.
The idea was to allow market mechanisms to drive industrial and commercial processes in the direction of low emissions or less ‘carbon-intensive’ approaches. In 2000, the scheme was christened ‘Clean Development Mechanism - CDM’.
CDM validates and measures projects to ensure that they produce authentic benefits and are genuinely ‘additional’ activities that would not otherwise have been undertaken. Majority of carbon trading is driven by ‘Cap and Trade’ mechanism, which is ridden with flaws and needs makeover to avoid imbalance in world trade. Though treaty was a bold step but it overlooked issues such as one-way market, arbitrage and moral hazard.
Challenges from Cap and Trade Mechanism
As global carbon market stabilizes, existing trading margin will erode and hence developing countries are trying to sell maximum Carbon credits by 2012. Due to arbitrage opportunities in ‘Cap and Trade’ model, danger of another Lehman in making is hovering over, this time trading in futures and spots of carbon trading. EU recently lost more money to carousel fraud than they spent on Common Agricultural policy. These are some of reasons that raise questions on aggressive pace of carbon trading proposed in India, which was also reflected in Copenhagen.
Moral Hazard
Brussels and other part of Europe were infected by corruption in carbon credit market as corporate were forced to bribe to buy carbon credits. The way market is shaping up in India with lack of policies, its imperative that moral hazard and corruption could fail the cause.
Cap & Trade creates a sink-reservoir flow between pollutant and cleaner countries. It is most advantageous for energy companies with strong lobbyist and for government officials who can dole out kickbacks, from proceeds of pollution certificates, to favored industries. Unless ‘Cap and Trade’ model is replaced with a responsible and equi-distributive scheme, India will loose more on social capital than what it will gain from carbon trading.
India needs to take a balanced approach and tread carefully on carbon trading, lest nation burns its hands as EU did. We are more susceptible to the fragilities of ‘green gold’ market dynamics as genuine claims involve control and monitoring. These two aspects are in turn core drivers of one of biggest corruption syndicate in world.
"....Not publishing the complete article for now. Article has been written for publication in Indian Infrastructure Report 2010. Will publish complete article once Report is published in flesh and blood...."
Just found this article on economist today: China holds world hostage to its power
Introduction
“In 1997, YOY increase in emissions accelerated from 1.5% to 3%, this was just after countries signed the Kyoto accord”. It seems that some developed nations were able to reduce carbon emissions. However, a closer analysis reveals that though the developed nations reduced oil consumption to control gas price, fuel was burnt at other places (China, South East Asia) and goods were shipped to meet the developed nations’ requirement. Did it give us a cleaner world? No, actually it worsened the climate and trade balance.
Was Kyoto accord, step to protect environment, a failure? And is Copenhagen another recipe for disaster? Why did Brazil and South Africa pull back their support to US soon after the summit? Why India is aggressive on Carbon trading? What stand should India as a nation take on this sensitive issue?
India along with China leads the world trade in carbon credits. According to government statistics1, around 35% of 819 projects registered under CDM, are from India. Due to high number of transaction and interface with international community, India needs to reconsider its policies and commitment before moving forward.
Let’s ponder over some of the steps taken world over and their impact on us.
Carbon Trading Industry - Origin
Carbon credits are a key component of national and international attempts to mitigate the growth of greenhouse gases (GHG). In 1997 Kyoto protocol, attempt was made to penalize irresponsible developed nations and to reward cleaner developing countries.
The idea was to allow market mechanisms to drive industrial and commercial processes in the direction of low emissions or less ‘carbon-intensive’ approaches. In 2000, the scheme was christened ‘Clean Development Mechanism - CDM’.
CDM validates and measures projects to ensure that they produce authentic benefits and are genuinely ‘additional’ activities that would not otherwise have been undertaken. Majority of carbon trading is driven by ‘Cap and Trade’ mechanism, which is ridden with flaws and needs makeover to avoid imbalance in world trade. Though treaty was a bold step but it overlooked issues such as one-way market, arbitrage and moral hazard.
Challenges from Cap and Trade Mechanism
As global carbon market stabilizes, existing trading margin will erode and hence developing countries are trying to sell maximum Carbon credits by 2012. Due to arbitrage opportunities in ‘Cap and Trade’ model, danger of another Lehman in making is hovering over, this time trading in futures and spots of carbon trading. EU recently lost more money to carousel fraud than they spent on Common Agricultural policy. These are some of reasons that raise questions on aggressive pace of carbon trading proposed in India, which was also reflected in Copenhagen.
Moral Hazard
Brussels and other part of Europe were infected by corruption in carbon credit market as corporate were forced to bribe to buy carbon credits. The way market is shaping up in India with lack of policies, its imperative that moral hazard and corruption could fail the cause.
Cap & Trade creates a sink-reservoir flow between pollutant and cleaner countries. It is most advantageous for energy companies with strong lobbyist and for government officials who can dole out kickbacks, from proceeds of pollution certificates, to favored industries. Unless ‘Cap and Trade’ model is replaced with a responsible and equi-distributive scheme, India will loose more on social capital than what it will gain from carbon trading.
India needs to take a balanced approach and tread carefully on carbon trading, lest nation burns its hands as EU did. We are more susceptible to the fragilities of ‘green gold’ market dynamics as genuine claims involve control and monitoring. These two aspects are in turn core drivers of one of biggest corruption syndicate in world.
"....Not publishing the complete article for now. Article has been written for publication in Indian Infrastructure Report 2010. Will publish complete article once Report is published in flesh and blood...."
Just found this article on economist today: China holds world hostage to its power
Carbon futures and Spots – Is it another Lehman scenario in making?
Kyoto and Copenhagen will be good only on papers unless integrated sustainable solutions replace the hasten approach taken by world leaders.
India has very unique hierarchical structure, we need to implement comprehensive but practical analysis before becoming aggressive player in the market.
Till fossils are cheapest practical option available, its usage will increase. Raise price of fossils by including cost to society.
Kyoto and Copenhagen will be good only on papers unless integrated sustainable solutions replace the hasten approach taken by world leaders.
India has very unique hierarchical structure, we need to implement comprehensive but practical analysis before becoming aggressive player in the market.
Till fossils are cheapest practical option available, its usage will increase. Raise price of fossils by including cost to society.
Monday, November 30, 2009
Should Countries pursue Soft power?
Shashi Tharoor explains what defines India. Why India need might not need might of 5th largest economy, one of largest armies and 2nd largest population to win over world.
Indian food industry in London generates more employment than several other major industries (mining etc.) in UK together. How Indian bollywood is building soft power of India and why India will lead the world in time to come.
A powerful and invigorating speech.
Shashi Tharoor explains what defines India. Why India need might not need might of 5th largest economy, one of largest armies and 2nd largest population to win over world.
Indian food industry in London generates more employment than several other major industries (mining etc.) in UK together. How Indian bollywood is building soft power of India and why India will lead the world in time to come.
A powerful and invigorating speech.
Wednesday, November 18, 2009
Game time:
Tomorrow is Fixed Income and securities exam..gory exam. Shashank had forwarded a game 3 days back...just finished all 13 levels. Want some more...gimme some online links for games please
Try this game:
http://www.gunshootinggames.net/game/46/13-Days-in-Hell.html
Hei do mention some links in the comment..remember share the wealth :)
Tomorrow is Fixed Income and securities exam..gory exam. Shashank had forwarded a game 3 days back...just finished all 13 levels. Want some more...gimme some online links for games please
Try this game:
http://www.gunshootinggames.net/game/46/13-Days-in-Hell.html
Hei do mention some links in the comment..remember share the wealth :)
Thursday, October 29, 2009
Typical Day at ISB.
5th term
So far @ ISB: Through with 7 month, 16 subject, approx. 32 papers, 90 case studies & 32 professors. Not to mention innumerable assignment, project reports and the kind of stuff that none could dare to try again :)
Have to appear for Options and Futures paper in 3 hours from now.
Took 3 finance course, screwed up myself..suicidial :(
My quadi mouneesh & I took turns, I slept at 3:30 AM, he woke me up at 5:00. I would get him up by 9:00.
This time of year, mornings are refreshing in hyderabad. Lush green grass, red and purple colored bushes and picturesque stone topography is looking beautiful under the clouds.
Here I go..studying OPFR...listening to "Message in a bottle" - POLICE (on my iPOD and intex speakers).
Gosh...what a life...dont want to leave...and dying to get out. Catch 22 :(.
Nyways...going back to kitchen for 8th cup of tea since yest evening...why r my eyelids so insistent on following law of gravity !!!
5th term
So far @ ISB: Through with 7 month, 16 subject, approx. 32 papers, 90 case studies & 32 professors. Not to mention innumerable assignment, project reports and the kind of stuff that none could dare to try again :)
Have to appear for Options and Futures paper in 3 hours from now.
Took 3 finance course, screwed up myself..suicidial :(
My quadi mouneesh & I took turns, I slept at 3:30 AM, he woke me up at 5:00. I would get him up by 9:00.
This time of year, mornings are refreshing in hyderabad. Lush green grass, red and purple colored bushes and picturesque stone topography is looking beautiful under the clouds.
Here I go..studying OPFR...listening to "Message in a bottle" - POLICE (on my iPOD and intex speakers).
Gosh...what a life...dont want to leave...and dying to get out. Catch 22 :(.
Nyways...going back to kitchen for 8th cup of tea since yest evening...why r my eyelids so insistent on following law of gravity !!!
Sunday, October 25, 2009
“But then there should be a method to even madness! “
The problem:
It is imperative to understand that when we think about moving towards low carbon economy, actually we are discussing about, changing the way an economy works, the way society lives and sustains. Intellectuals often argue or rather state as a matter of fact, “Low carbon economy is of essence for the survival of human race (in future)”. High carbon obviously causes harms such as soil degradation, health issues etc., all of which impact GDP of our country directly or indirectly.
This section shall explain why is low carbon economy critical but also not so critical, a debate.
Examples stated above are immediate impacts, the one that are of very dear concern for our society.
Policies - Charting the coercive path:
But before we embark on the journey of changing the way our society works, we shall define as to who constitute the society. Defining the stakeholders in the society is critical to ensure that all the policies and modernization/growth will be inclusive; excluding none, not even often ignored lower strata.
India (191 billion pounds, tied with Japan) has been estimated to be third largest low carbon economy after US and China. India, unlike US and Japan, lacks technical knowhow to exploit the opportunity of low carbon economy.
This section will explain the path that govt. policies should take, a descriptive version of eagle eye view
Where do we start?
Set your house in order before asking others!
We shall explore innovative technologies or import existing technologies via public-private collaborations in areas such as fossil fuels (e.g. gasification of coal for higher efficiency), transportation, and improvement in electricity distribution. For example, we shall install electronic sensors to reduce energy losses in appliances as well as in electricity distribution.
To facilitate swift acceptance, alternative technologies should be made more affordable and sustainable. For example, if solar cells could be fabricated in India itself than solar energy could become affordable. Solar energy has been a failure in India thus far due to high cost, low returns i.e. inefficient market dynamics. Govt. has means, and if Govt. also has will power then such costs can come drastically down.
This section will provide suggestion on technology and sectors, where govt or pvt. Sector can make a mark.
Can we tame this behemoth, the major obstacle?
India with more than 1.2 billion population produces more carbon via human machinery than half of world taken together. Over last decade, India has seen a spurt in infrastructure development but with this pace we may never be able to catch up with our needs. Controlling the population will directly lower the carbon production, decrease the overall consumption and will reduce the pressure on infrastructure.
Last section will synthesize the thought shared above. I will also explain couple of tangential view points on how to achieve the target.
The problem:
It is imperative to understand that when we think about moving towards low carbon economy, actually we are discussing about, changing the way an economy works, the way society lives and sustains. Intellectuals often argue or rather state as a matter of fact, “Low carbon economy is of essence for the survival of human race (in future)”. High carbon obviously causes harms such as soil degradation, health issues etc., all of which impact GDP of our country directly or indirectly.
This section shall explain why is low carbon economy critical but also not so critical, a debate.
Examples stated above are immediate impacts, the one that are of very dear concern for our society.
Policies - Charting the coercive path:
But before we embark on the journey of changing the way our society works, we shall define as to who constitute the society. Defining the stakeholders in the society is critical to ensure that all the policies and modernization/growth will be inclusive; excluding none, not even often ignored lower strata.
India (191 billion pounds, tied with Japan) has been estimated to be third largest low carbon economy after US and China. India, unlike US and Japan, lacks technical knowhow to exploit the opportunity of low carbon economy.
This section will explain the path that govt. policies should take, a descriptive version of eagle eye view
Where do we start?
Set your house in order before asking others!
We shall explore innovative technologies or import existing technologies via public-private collaborations in areas such as fossil fuels (e.g. gasification of coal for higher efficiency), transportation, and improvement in electricity distribution. For example, we shall install electronic sensors to reduce energy losses in appliances as well as in electricity distribution.
To facilitate swift acceptance, alternative technologies should be made more affordable and sustainable. For example, if solar cells could be fabricated in India itself than solar energy could become affordable. Solar energy has been a failure in India thus far due to high cost, low returns i.e. inefficient market dynamics. Govt. has means, and if Govt. also has will power then such costs can come drastically down.
This section will provide suggestion on technology and sectors, where govt or pvt. Sector can make a mark.
Can we tame this behemoth, the major obstacle?
India with more than 1.2 billion population produces more carbon via human machinery than half of world taken together. Over last decade, India has seen a spurt in infrastructure development but with this pace we may never be able to catch up with our needs. Controlling the population will directly lower the carbon production, decrease the overall consumption and will reduce the pressure on infrastructure.
Last section will synthesize the thought shared above. I will also explain couple of tangential view points on how to achieve the target.
Tuesday, October 13, 2009
Surprise Business
Came across couple of nice articles on Surprise business.
Japanese version of surprise business.
It sounds like a hell of an idea, surprise surprise surprise.
I think in India, surprise business idea could be very successful if scaled up to include multiple offerings such as commodities (low cost), cold drinks, stationary and likes. It could be combined with traditional shops wherein existing traders will offer both traditional as well as surprise buy offer...this will help the idea to take off. Moreover, early movers will gain an element of freshness and hence might corner extra business.
Wonder..what if u r offered a drink that is not what u asked for...u can play bets on it :)
Or may be u went to buy cheap Reynolds...and thanks to an evangelist u come back with a Mont Blanc ..
This will be very much like a Derivative trading or to be blunt ...sort of betting..anxiety...experience...greed will drive this business.
To start with..airport, railway stations etc...high volume churners could be ideal location to kick start the business.
Later on this business can be converted to a chain and scaled up across the country and region.
Came across couple of nice articles on Surprise business.
Japanese version of surprise business.
It sounds like a hell of an idea, surprise surprise surprise.
I think in India, surprise business idea could be very successful if scaled up to include multiple offerings such as commodities (low cost), cold drinks, stationary and likes. It could be combined with traditional shops wherein existing traders will offer both traditional as well as surprise buy offer...this will help the idea to take off. Moreover, early movers will gain an element of freshness and hence might corner extra business.
Wonder..what if u r offered a drink that is not what u asked for...u can play bets on it :)
Or may be u went to buy cheap Reynolds...and thanks to an evangelist u come back with a Mont Blanc ..
This will be very much like a Derivative trading or to be blunt ...sort of betting..anxiety...experience...greed will drive this business.
To start with..airport, railway stations etc...high volume churners could be ideal location to kick start the business.
Later on this business can be converted to a chain and scaled up across the country and region.
Thursday, September 03, 2009
Tuesday, March 17, 2009
Journey so far
“Life is filled with possibilities, one just needs to explore”
All this started not so long ago. Though it was always there in back of my mind but action was missing all along, probably waiting for some trigger.
Chicago was witnessing record snowfall in 2007 and it was snowing heavily even on that day. I was driving down the Hintz road in my Audi (used one), listening Led Zeppelin’s Kashmir when it struck me to hit library; Indian public trails library was very near to my place (Mallard Apartment) in Wheeling. Was it for the actual reason or just for doing something constructive so as to come out of forced hibernation, I don’t remember why I took that turn to library. Whatever was the reason but when I reached that library, I found more than couple of guys preparing for GMAT. Already two of my friends were deep into the GMAT and had even booked the dates for the exam.
Over the last year, I was very busy as onsite project lead of an IT project. But when I entered that library, I just came out of cocoon and I think it was in that frame that I decided that my old self could and should go for infamous GMAT exam. At that time, I was so naïve to the field that I didn’t know name of any other school except for ISB and Harvard. Since, I wanted to settle down in India, so ISB was dream school.
Initially, I enjoyed going to library but project was hectic and I was unable to spare even an hour. I didn’t want that craving to die and hence I again went to library in March and then couple of times in April. I was advised by one of my friend (he had appeared and scored 670) that to be serious, one should book the exam, set a target and then prepare. Instead, I assumed that I will give GMAT in May and started working towards it.
Cutting short, I started my preparations around mid March but got serious only in May. I started studying by self help books and was lucky to have Awendra( brilliant IITian) against whom I could benchmark myself. Since, Awendra was taking coaching from Kaplan, so I often went to him for general discussions. On Friday and Saturday, both of us would go to library and then return to his house for cup of tea (he used to prepare the tea ). Discussions with Awendra were sometimes constructive but actually I wanted to keep meeting him as discussions with him relieved me of work related stress. Also, it helps to know that you can discuss your preparations with someone who is preparing seriously and that too from best in business.
Though, we always planned to discuss only studies so as to conserve time and energy but usually we ended up discussing all the possible topics under the sky ranging from Indian politics, to economics and shares. Though later in night I always used to feel guilty for wasting my time but I literally used to enjoy those discussions. Different perspectives on same topic were enlightening and gave new always threw new insights.
Other distractions:
Wheeling library is a beautiful place to be in, it has everything from free net access to silent room where one could practice online tests, what else could a person considering GMAT consider beautiful. But there is a catch; it also has a sprawling soccer field just next to it. Fortunately or otherwise, my colleagues had spotted this amazing field for daily soccer games. Being an avid sports lover, I can’t express the feeling that I used to have while climbing the stairs watching my team play soccer. Quite often, I would just park the Audi in library, take my kit out of trunk and head off to the field. This is one time pass, which never felt me feel like I am wasting my time. Soccer just rejuvenates me more than anything else, fierce nature of this game take all the tension out of you.
NGO and Marathon
Around same time I was looking for other extracurricular activities. I wanted to work with an India centric NGO in US, so I contacted couple of NGOs in New Jersey area but finally zeroed on Chicago chapter of TEAM ASHA, which is fund raising arm of ASHA.
Some TEAM ASHA members run marathon, and as a pre requisite members have to raise set target of funds. I joined the team and started training with them on Sunday mornings while I used to run alternate days by myself. On an average I used to run 5 miles or more..Sundays morning were hectic when I targeted 7-9 miles in later stages. I eventually settled for Chicago half marathon. Though I was not good on timing but I was happy that at least I finished what I started with little practice amidst hectic work, GMAT prep, NGO meetings all going on simultaneously.
Forgot to mention that my GMAT date and marathon were on consecutive weekends, so I stopped practicing in last couple of weeks...just no time. I got badly hurt, couldn't walk in the evening as i had not broken into my shoes :( as mandated for runners.
After looking at pathetic performance I first couple of tests, I thought I should drop MBA plans. But then I kept going on, did lots of practice on various books..still had poor results in June ends..GMAT was approaching on 12th July.
Awendra then suggested me a book from Manhattan…for Sentence correction. I bought the book and found it so good that I shifted my GMAT date by 2 weeks so that I can assimilate the wonderful rules and guidelines from that sweet little book. Since then I have recommended that book to so many aspirants and even they found it good. Trick is to use it with supplementary materials such as OG.
The DAY
Finally, I took exam on 26th July 2009.
I was both confident and nervous at same time, probably anxious would be right word. In last week before the exam, I had taken 3 mock tests and had scored more than 750 in all three..so I was high on confidence.
My exam centre was in Chicago downtown, next to beautiful lake and skyline. As a precaution, I drove till station and rode train to downtown. It was a beautiful day, neither too hot nor too cold.
I went to the test center (I had visited it earlier, to be on safer side). They provide you lockers in which I kept my belonging, can’t take food inside so had got a quick nutrient cake in bag for the break time.
After the usual formalities, i-card, authentication and all I was asked to take my seat for the exam. By now, confidence was nowhere to be seen and I was all about nervousness and anxiety.
Exam:
Though I am weak in essay writing but I had developed couple of frameworks by myself and had practiced a bit on those. Though essays that came were quite off the general topics but I just managed to scrape through but I knew I didn’t perform well, which further built on anxiety and pressure to do well in next sections.
(don’t remember which came first, English or maths but I did take due break for restroom and munching)
Anyways, I moved on to next section. Time management was again a cropper as I finished the section 12 minutes ahead of time. Man I was devastated, I spent lot of time on last few questions to increase accuracy but still had plenty of time on hand. I also spent around 7-8 minutes on single question # 13, which I was sure still went wrong.
I found english section relatively easier than practice papers, but my chances relied on accuracy of guesswork. All time management went awry when I finished my first section well in advance by 10 minutes..I repented my stupidity ‘coz in practice exams this trend usually resulted in lower accuracy for me (speed decreases the accuracy)
Now came the final screen…”Do you want to accept the score or to cancel the exam?”
I was so damn anxious and worried that I have failed big time, reflecting on practice exams, I thought I will get max 650-670, which wont help me nyways.
After deliberating for more than 5 minutes, I finally presses accepted and to my surprise I had scored 760
I jumped off my chair, left a note with receptionist for Awendra (he was in same center for mock test) and went to the river side. Meanwhile I called up my brother (in India), it was around 4:00 AM in India, still my brother Ashesh was waiting for the result and we both planned how shall I move forward. One thing we both agreed on is…its party time.
Finally I could chill out after grueling 5 months but not before I submit the applications
(soon I was to know GMAT was easiest of all steps)
What a feeling that was, Awendra and I both came back together. We had fun…went to Pankaj da’s place..partied with my roomies.
Result was worth the effort after all
Thanks to all who contributed to my journey thus far.
Pending:
Stage 2: application process
Stage 3: Finally I made it to premiere schools. I applied to IIM Calcutta (executive) and ISB. Cracked both..eventually choosed ISB.
Why and how?
Will come later as right now I am damn hard pressed at ISB…intellectuals here are killing me for performance…always short of time..confidence I have but uncertain markets and bad placement experience from engineering (during 02-03 downturn) are factors that worry a bit as markets are again down in 09-10
"Lets see..journey itself will explore the path henceforth as it has in past!"
“Life is filled with possibilities, one just needs to explore”
All this started not so long ago. Though it was always there in back of my mind but action was missing all along, probably waiting for some trigger.
Chicago was witnessing record snowfall in 2007 and it was snowing heavily even on that day. I was driving down the Hintz road in my Audi (used one), listening Led Zeppelin’s Kashmir when it struck me to hit library; Indian public trails library was very near to my place (Mallard Apartment) in Wheeling. Was it for the actual reason or just for doing something constructive so as to come out of forced hibernation, I don’t remember why I took that turn to library. Whatever was the reason but when I reached that library, I found more than couple of guys preparing for GMAT. Already two of my friends were deep into the GMAT and had even booked the dates for the exam.
Over the last year, I was very busy as onsite project lead of an IT project. But when I entered that library, I just came out of cocoon and I think it was in that frame that I decided that my old self could and should go for infamous GMAT exam. At that time, I was so naïve to the field that I didn’t know name of any other school except for ISB and Harvard. Since, I wanted to settle down in India, so ISB was dream school.
Initially, I enjoyed going to library but project was hectic and I was unable to spare even an hour. I didn’t want that craving to die and hence I again went to library in March and then couple of times in April. I was advised by one of my friend (he had appeared and scored 670) that to be serious, one should book the exam, set a target and then prepare. Instead, I assumed that I will give GMAT in May and started working towards it.
Cutting short, I started my preparations around mid March but got serious only in May. I started studying by self help books and was lucky to have Awendra( brilliant IITian) against whom I could benchmark myself. Since, Awendra was taking coaching from Kaplan, so I often went to him for general discussions. On Friday and Saturday, both of us would go to library and then return to his house for cup of tea (he used to prepare the tea ). Discussions with Awendra were sometimes constructive but actually I wanted to keep meeting him as discussions with him relieved me of work related stress. Also, it helps to know that you can discuss your preparations with someone who is preparing seriously and that too from best in business.
Though, we always planned to discuss only studies so as to conserve time and energy but usually we ended up discussing all the possible topics under the sky ranging from Indian politics, to economics and shares. Though later in night I always used to feel guilty for wasting my time but I literally used to enjoy those discussions. Different perspectives on same topic were enlightening and gave new always threw new insights.
Other distractions:
Wheeling library is a beautiful place to be in, it has everything from free net access to silent room where one could practice online tests, what else could a person considering GMAT consider beautiful. But there is a catch; it also has a sprawling soccer field just next to it. Fortunately or otherwise, my colleagues had spotted this amazing field for daily soccer games. Being an avid sports lover, I can’t express the feeling that I used to have while climbing the stairs watching my team play soccer. Quite often, I would just park the Audi in library, take my kit out of trunk and head off to the field. This is one time pass, which never felt me feel like I am wasting my time. Soccer just rejuvenates me more than anything else, fierce nature of this game take all the tension out of you.
NGO and Marathon
Around same time I was looking for other extracurricular activities. I wanted to work with an India centric NGO in US, so I contacted couple of NGOs in New Jersey area but finally zeroed on Chicago chapter of TEAM ASHA, which is fund raising arm of ASHA.
Some TEAM ASHA members run marathon, and as a pre requisite members have to raise set target of funds. I joined the team and started training with them on Sunday mornings while I used to run alternate days by myself. On an average I used to run 5 miles or more..Sundays morning were hectic when I targeted 7-9 miles in later stages. I eventually settled for Chicago half marathon. Though I was not good on timing but I was happy that at least I finished what I started with little practice amidst hectic work, GMAT prep, NGO meetings all going on simultaneously.
Forgot to mention that my GMAT date and marathon were on consecutive weekends, so I stopped practicing in last couple of weeks...just no time. I got badly hurt, couldn't walk in the evening as i had not broken into my shoes :( as mandated for runners.
After looking at pathetic performance I first couple of tests, I thought I should drop MBA plans. But then I kept going on, did lots of practice on various books..still had poor results in June ends..GMAT was approaching on 12th July.
Awendra then suggested me a book from Manhattan…for Sentence correction. I bought the book and found it so good that I shifted my GMAT date by 2 weeks so that I can assimilate the wonderful rules and guidelines from that sweet little book. Since then I have recommended that book to so many aspirants and even they found it good. Trick is to use it with supplementary materials such as OG.
The DAY
Finally, I took exam on 26th July 2009.
I was both confident and nervous at same time, probably anxious would be right word. In last week before the exam, I had taken 3 mock tests and had scored more than 750 in all three..so I was high on confidence.
My exam centre was in Chicago downtown, next to beautiful lake and skyline. As a precaution, I drove till station and rode train to downtown. It was a beautiful day, neither too hot nor too cold.
I went to the test center (I had visited it earlier, to be on safer side). They provide you lockers in which I kept my belonging, can’t take food inside so had got a quick nutrient cake in bag for the break time.
After the usual formalities, i-card, authentication and all I was asked to take my seat for the exam. By now, confidence was nowhere to be seen and I was all about nervousness and anxiety.
Exam:
Though I am weak in essay writing but I had developed couple of frameworks by myself and had practiced a bit on those. Though essays that came were quite off the general topics but I just managed to scrape through but I knew I didn’t perform well, which further built on anxiety and pressure to do well in next sections.
(don’t remember which came first, English or maths but I did take due break for restroom and munching)
Anyways, I moved on to next section. Time management was again a cropper as I finished the section 12 minutes ahead of time. Man I was devastated, I spent lot of time on last few questions to increase accuracy but still had plenty of time on hand. I also spent around 7-8 minutes on single question # 13, which I was sure still went wrong.
I found english section relatively easier than practice papers, but my chances relied on accuracy of guesswork. All time management went awry when I finished my first section well in advance by 10 minutes..I repented my stupidity ‘coz in practice exams this trend usually resulted in lower accuracy for me (speed decreases the accuracy)
Now came the final screen…”Do you want to accept the score or to cancel the exam?”
I was so damn anxious and worried that I have failed big time, reflecting on practice exams, I thought I will get max 650-670, which wont help me nyways.
After deliberating for more than 5 minutes, I finally presses accepted and to my surprise I had scored 760
I jumped off my chair, left a note with receptionist for Awendra (he was in same center for mock test) and went to the river side. Meanwhile I called up my brother (in India), it was around 4:00 AM in India, still my brother Ashesh was waiting for the result and we both planned how shall I move forward. One thing we both agreed on is…its party time.
Finally I could chill out after grueling 5 months but not before I submit the applications
(soon I was to know GMAT was easiest of all steps)
What a feeling that was, Awendra and I both came back together. We had fun…went to Pankaj da’s place..partied with my roomies.
Result was worth the effort after all
Thanks to all who contributed to my journey thus far.
Pending:
Stage 2: application process
Stage 3: Finally I made it to premiere schools. I applied to IIM Calcutta (executive) and ISB. Cracked both..eventually choosed ISB.
Why and how?
Will come later as right now I am damn hard pressed at ISB…intellectuals here are killing me for performance…always short of time..confidence I have but uncertain markets and bad placement experience from engineering (during 02-03 downturn) are factors that worry a bit as markets are again down in 09-10
"Lets see..journey itself will explore the path henceforth as it has in past!"
Sunday, March 15, 2009
SPARK, what an event!
After coming back to India, I felt like I should get into stuff that could keep me from getting bored!
Now that Salsa intermidiate classes are over so what next? Hmm..what else could I do?
How does one pass time in his company? Work Work ..naaaah.
Lets teach the kids, as soon as this idea popped out of my brain, I contacted E&R (education and research) guys.And immediately I got a mail from Brijesh, who I later came to know is a gem of a person. More on him later but yeah he initiated me into CTY and Spark initiatives.
On 31st of January, Spark and CTY events were organized in Infosys. Being a socialy responsible coprporate, Infosys invites class 8th students for a competitive exam. Selected students from CTY get opportunity to work for 2 months in Infosys production projects.
Considering my experience (common I am not that old yet :( ), I had to keep teachers, wards and senior students engaged. Being a tutotr for 7 years, I knew that handling senior students and teachers won't be easy. But one can't shy away in front of juniors :), specially the fairer sex. So, I was ready for the dreadful encounter fearing the kind of questions that could pop out of such a crowd.
Event was well planned, volunteers were assigned due responsibilities and backup were also put in place. On 31st, all of us were ready to meet the young guns from all strata of Hyderabad schools.
Volume of participants is a story in itself; Arrangements were in place for approx 600 but its anyones guess what transpired when over 1000 participants eventually turned up.
Chaos is the word that come to mind, isn't it?
Man, was it a Chaos! aye, it surely was. But there was such a symmetry amidst the huge chaos, students in all the directions, in different uniforms. I closed my eyes to enjoy the moment, all I could hear was interference of different notes and syllables. No meaninful conversation could be heard but still it was beautiful. I don't know if this happens with others too but I have a habit of going back down the memory lane, revisiting similar events from my life.
Toughest task of the day was to segregate 8th std kids from other kids of same school and to keep a mapping of room and school so that their wards can track the students. Task was further complicated by the requirement that guys and girls should be in different rooms, thanks to Women special sessions :).
Nari Shakti key samney natmastak!
Eventually, I reached the hall and tried to settle down the crowd by getting into active one to many conversations. Oh dear, there were so many stunners; I got in touch with 4 smart guys from some school named Oak Ridge (I hope I got it right). One of these guys asked me, "Why did you come back from US?". Though, I had answered this question so many times but it got difficult for me. They were unable to appreciate that some people prefer working in home country even if it's India.Blame the pre recession US hype amoung Andhrites, which has still not died.
Phew, except when it comes to marrying ones duaghter to a poor IT chap in US!
Now how many of us believe in coincidence? My hand is up in support.
After the tiresome 4 hours, myself and Sunita (who was also in same hall as mine) were about to go for first tea break. Suddenly, one of Oak ridge guy (aye, coincidence) got severe Asthma attack, he was about to faint. To save the time, we took this smart guy in Sunita's car to the nearest pharmacy where he got the puff. But it was only temporary so we took him to Apollo and finally to CARE center in Jubille Hills.
Though I was tense because of the kid's condition but what was driving me crazy was deadly combination of Sunita's fast and nervous driving. Probably, she was worried for what if we make it late to the hospital.
Eventually, we arrived back just in time. Event was over! but we didn't miss the photo sessions :)
It was an eventful day that started with a calm prayer, had it's share of excitement, thrill and drama.
But like bollywood movies, day ended on a happy note:)
Finally, my take at end of day; such events are great not only 'coz one gets chance to contribute to society but also 'coz one's friend circle increases many fold and never forget the happiness factor :)
After coming back to India, I felt like I should get into stuff that could keep me from getting bored!
Now that Salsa intermidiate classes are over so what next? Hmm..what else could I do?
How does one pass time in his company? Work Work ..naaaah.
Lets teach the kids, as soon as this idea popped out of my brain, I contacted E&R (education and research) guys.And immediately I got a mail from Brijesh, who I later came to know is a gem of a person. More on him later but yeah he initiated me into CTY and Spark initiatives.
On 31st of January, Spark and CTY events were organized in Infosys. Being a socialy responsible coprporate, Infosys invites class 8th students for a competitive exam. Selected students from CTY get opportunity to work for 2 months in Infosys production projects.
Considering my experience (common I am not that old yet :( ), I had to keep teachers, wards and senior students engaged. Being a tutotr for 7 years, I knew that handling senior students and teachers won't be easy. But one can't shy away in front of juniors :), specially the fairer sex. So, I was ready for the dreadful encounter fearing the kind of questions that could pop out of such a crowd.
Event was well planned, volunteers were assigned due responsibilities and backup were also put in place. On 31st, all of us were ready to meet the young guns from all strata of Hyderabad schools.
Volume of participants is a story in itself; Arrangements were in place for approx 600 but its anyones guess what transpired when over 1000 participants eventually turned up.
Chaos is the word that come to mind, isn't it?
Man, was it a Chaos! aye, it surely was. But there was such a symmetry amidst the huge chaos, students in all the directions, in different uniforms. I closed my eyes to enjoy the moment, all I could hear was interference of different notes and syllables. No meaninful conversation could be heard but still it was beautiful. I don't know if this happens with others too but I have a habit of going back down the memory lane, revisiting similar events from my life.
Toughest task of the day was to segregate 8th std kids from other kids of same school and to keep a mapping of room and school so that their wards can track the students. Task was further complicated by the requirement that guys and girls should be in different rooms, thanks to Women special sessions :).
Nari Shakti key samney natmastak!
Eventually, I reached the hall and tried to settle down the crowd by getting into active one to many conversations. Oh dear, there were so many stunners; I got in touch with 4 smart guys from some school named Oak Ridge (I hope I got it right). One of these guys asked me, "Why did you come back from US?". Though, I had answered this question so many times but it got difficult for me. They were unable to appreciate that some people prefer working in home country even if it's India.Blame the pre recession US hype amoung Andhrites, which has still not died.
Phew, except when it comes to marrying ones duaghter to a poor IT chap in US!
Now how many of us believe in coincidence? My hand is up in support.
After the tiresome 4 hours, myself and Sunita (who was also in same hall as mine) were about to go for first tea break. Suddenly, one of Oak ridge guy (aye, coincidence) got severe Asthma attack, he was about to faint. To save the time, we took this smart guy in Sunita's car to the nearest pharmacy where he got the puff. But it was only temporary so we took him to Apollo and finally to CARE center in Jubille Hills.
Though I was tense because of the kid's condition but what was driving me crazy was deadly combination of Sunita's fast and nervous driving. Probably, she was worried for what if we make it late to the hospital.
Eventually, we arrived back just in time. Event was over! but we didn't miss the photo sessions :)
It was an eventful day that started with a calm prayer, had it's share of excitement, thrill and drama.
But like bollywood movies, day ended on a happy note:)
Finally, my take at end of day; such events are great not only 'coz one gets chance to contribute to society but also 'coz one's friend circle increases many fold and never forget the happiness factor :)
Saturday, January 03, 2009
ISB Pre-term References:
Accounting:
Financial Accounting :
Tools for Business Decision Making by Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, John Wiley & Sons, Third Edition, 2004
Schaum`s outline of theory and problems of financial accounting by Shim Jae K and Siegel Joel G, Tata McGraw-Hill, 2004 Bus
If you want to avoid buying costly books then refer this link:
http://www.principlesofaccounting.com/
Statistics:
Required Text Book: Aczel, A. D. and J. Sounderpandian, Complete Business Statistics, Fifth Edition, Tata McGraw Hill
Reference Text Book:
Murray R. Spiegel, 'Theory and Problems of Probability and Statistics', Schaum's series, McGraw Hill.
Wednesday, October 22, 2008
I started writing this blog long time back when I joined this group but saved this as draft.
Lot of facts have changed so I should edit the article gramatically and factually to bring it closer to reality.
I was supporting orphanges in bangalore but then found that I am not satisfied by my contributions as I always doubted the intentions of nobel folks running the charity based orphanages.
When I moved to Chicago, I thought I should contribute back to the society in more scalable way. I did some research and found an organization that was contributing to the cause of education, the cause that is very close to my heart. But then the organization rejected my application as it doubted my ability to contribute while sitting miles away; the organization was in New Jersey. I called up the concerned person and he suggested that I should find something in Chicago itself. Wow...how could I be so dumb? I should have done this search earlier itself but then I had thought that not many US based organizations will work in area of education.
So. I learnt a lesson. Not to Assume:)
Anyways, I found sweet little organization ASHA, a group of volunteers spread across the continents and to my liking it is a flat volunteer based org. So no jhanjat but full control. Wow... I joined the group and started attending the session and took part in activities.
Over course of time, I came to know of sister org TEAMASHA, the revenue engine for ASHA.
So, I joined that too.
If I was amazed to find so many young and old ccommited Indians working for ASHA then I was left wondering how TeamASHA makes 15-75 year old people run on road over several months and that too in snow storms and rains.
The way Asha and TeamAsha work is so transparent and simple that I have decided that I will always be an active member of this org and will contribute to the cause in one way or another. After all teamAsha made a fat man like me to run Chicago marathon, no mean achievement. Not for me but for TeamAsha :)
Will write more about my marathon experience and activities in Asha some time later.
I have recently joined an energetic group of volunteers and runners from Asha and TeamAsha. For starters, Asha is an Organization started by few like minded people in US, those who had a vision and those who had energy to bring their aim to fruition. Currently, I am enrolled in TeamAsha, which is a fund raising arm for main Asha organization. Team Asha has many members who are training regularly to participate in Chicago marathon. Fund raising is a very responsible and neck breaking job but Team Asha has made it easy
Lot of facts have changed so I should edit the article gramatically and factually to bring it closer to reality.
I was supporting orphanges in bangalore but then found that I am not satisfied by my contributions as I always doubted the intentions of nobel folks running the charity based orphanages.
When I moved to Chicago, I thought I should contribute back to the society in more scalable way. I did some research and found an organization that was contributing to the cause of education, the cause that is very close to my heart. But then the organization rejected my application as it doubted my ability to contribute while sitting miles away; the organization was in New Jersey. I called up the concerned person and he suggested that I should find something in Chicago itself. Wow...how could I be so dumb? I should have done this search earlier itself but then I had thought that not many US based organizations will work in area of education.
So. I learnt a lesson. Not to Assume:)
Anyways, I found sweet little organization ASHA, a group of volunteers spread across the continents and to my liking it is a flat volunteer based org. So no jhanjat but full control. Wow... I joined the group and started attending the session and took part in activities.
Over course of time, I came to know of sister org TEAMASHA, the revenue engine for ASHA.
So, I joined that too.
If I was amazed to find so many young and old ccommited Indians working for ASHA then I was left wondering how TeamASHA makes 15-75 year old people run on road over several months and that too in snow storms and rains.
The way Asha and TeamAsha work is so transparent and simple that I have decided that I will always be an active member of this org and will contribute to the cause in one way or another. After all teamAsha made a fat man like me to run Chicago marathon, no mean achievement. Not for me but for TeamAsha :)
Will write more about my marathon experience and activities in Asha some time later.
I have recently joined an energetic group of volunteers and runners from Asha and TeamAsha. For starters, Asha is an Organization started by few like minded people in US, those who had a vision and those who had energy to bring their aim to fruition. Currently, I am enrolled in TeamAsha, which is a fund raising arm for main Asha organization. Team Asha has many members who are training regularly to participate in Chicago marathon. Fund raising is a very responsible and neck breaking job but Team Asha has made it easy
Tuesday, September 23, 2008
Subprime:
Subprime loans are no-prime loans or the loans at high risk.
- Institutions provide high interest loans to people who have low credit scores. These loans run into high risk in difficult market times such as credit crunch of 2008.
- Subprime mortgage loans are similar in risk profile as subprime loans mentioned above.
- Late 2006, subprime mortgage industry entered what observers refer to as meltdown.
- Lowering house prices over several years made people default on the loans
Steep rise in rate of subprime mortgage defaults and foreclosures caused more than 100 subprime mortgage lenders to fail or to file bankruptcy.
Why Subprime hit other markets?
US Banks and lending institutions had repackaged the subprime debts and sold these as attractive securities and investment engines that were snapped by EU and Asian markets. - So when crisis hit subprime mortgage industry, those who had bought into these so called growth engines found their investment valueless.
- Unable to assess values of such properties led to uncertainties and banks stopped lending to maintain credit lines.
- Market paranoia and credit holding led to credit crunch
Who is responsible?
Federal: Unable to monitor and regulate the market
Lenders: Greed led to such loans
Wall street: For backing securities based on high risk subprime loans
Loaners: for taking loan that they can’t repay, but they can’t be blamed.
Sunday, September 07, 2008
Socialist and Communist Vs Capitalist
Yesterday, my roommate Prasad called me a capitalist. I jumped at the opportunity and asked him to define himself. As soon as he declared himself as socialist, I asked him to take out his cheque book and donate 200 dollars for my charity organization. He is a smart guy so it was easy to trap him, he agreed with heavy heart:).Isn't it fun, a capitalist asking a socialist to contribute forcefully for a charity organization that the capitalist supports and raises funds for. I know it sounds confusing but that is because definitions were not used correctly.
later, we had a discussion on socialists, communists and capitalists. As per Prasad, Ratan tata and Ambani are hard core capitalist but Murthy sir is a pure socialist. My view, to which Prasad agreed after 3 hours, is that Tata and Ambani may be capitalists but still they contributed more to Indian society than communist turened capitalist whom he termed pure socialist.
As per Prasad, a capitalist is worse than socialist because capitalists carries people forward for his own good, welfare of society is a by product for him. I mean common, why should one bother that capitalist wants his betterment if he is anyways carrying society with him. Once capitalist can do more for society than a socialist would do while thinking.
At least Prasad and I agreed on one fact that communism may not be successful any more.
Also, as far as I am concerned, old definitions of communist, socilaist or capitalist belong to a bygone era. Now, no one is in black and white, we have various shades now and hence no pure breed are left. What we have are opportunists, the most dangerous but successful breed of all.
I respect Murthy sir but it seems the new breed started around same time when he jumped from communist bullock cart to capitalist's jet airplane. Still, no doubt he did lot for India, but as a by-product.
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