Media which is one of the most important parts of our society will soon become a puppet in the hands of government if the censorship bill on media which government is trying to pass comes into existence. According to this bill no news channels will be having a complete freedom to regulate the news which is to be telecasted regularly. The government can restrict any news to be on air. Any cops (not necessarily to be of specific class) can enter the news room and stop the telecast of any news. This means that government will decide which news is good for the society or I should rather say will be good for the governments vote bank. It is said by Mahatma Gandhi that “bura mat dekho, bura mat bolo, bura mat suno” (don’t see bad, don’t say bad and don’t hear bad), the media represents that very truth of the society but after this bill the media will say, hear and see what government will decide. It is somewhat similar to the “emergency” which was laid down at the time of Indra Gandhi. If this bill gets a green signal in the parliament it will be undoubtedly a black day in the history of India. As it will stop in raising there own views.
All the media persons around the country have strongly opposed this bill and so will I because this bill has nothing right in it. This kind of bill is against that legislature of the country which says that every person have freedom of speech.
(For the time being Prime Minister Dr. Manmohan Singh has put a stay on this bill. He further added that he will have a talk with the media representative before taking any decision.)
Thursday, January 15, 2009
Wednesday, January 14, 2009
NO SATYA (TRUTH) BY SATYAM COMPUTERS
Satyam Computer Services Limited, one of the India’s largest IT companies shocked his investors and other interested persons when his founder-chairman Ramalinga Raju admitted one of the India’s biggest corporate frauds. He admitted that the accounts of the company was been manipulated and shows a funds of 1.5 billion US dollars (70 billion Indian rupees) which was never in existence.
He disclosed details of the fraud in a resignation letter to the company’s board of directors forwarded to stock exchange authorities as well as the regulator of the country’s capital markets, the Securities and Exchange Board of India (SEBI). Soon after his disclosure the share prices of Satyam came down by 78%. He said, "It was like riding a tiger, not knowing how to get off without being eaten,"
The accounts were not manipulated in a single day. It was continued from the past several years. Satyam computers balance sheet and books of accounts were audited by one of the worlds most reputed firm of auditors “price water house coopers”.
Satyam computers which is the fourth largest IT Company of India and which holds a good share in the portfolio of majority of mutual funds presented an unexpected truth. Satyam's stock is listed on the New York Stock Exchange; it had business operations in 66 countries and counted 185 companies in the Fortune 500 list as its clients and customers.
The downfall of Satyam began from December itself when the World Bank barred Satyam computers to offer his services for the next eight years on the charge of bribery and corruption. Raju was aware that the hidden truth of the company can be disclosed any time thus he made an item to acquire two companies held by his sons – Maytas Properties and Maytas Infrastructure for 1.6 billion dollar. So that he can bridge the gap. But his plan failed when the investors opposed it on the charge of misuse of company funds.
With that Raju felt that he was in a broken boat and there was no way out. He was soon sacked by the government. As the companies act 1956 has a provision regarding “lifting & piercing up of corporate veil” which contains a clause that although a company has a separate legal existence no one can take shelter under that flaw and if any one will be found to provide illegitimate benefit to any person the government can break the wall of corporate veil.
The government created a new board of Satyam computers in order to see the benefits of 53000 workers working under the company. The board is also in search of a new auditing firm to look after the accounts of the company with retrospective effect.
He disclosed details of the fraud in a resignation letter to the company’s board of directors forwarded to stock exchange authorities as well as the regulator of the country’s capital markets, the Securities and Exchange Board of India (SEBI). Soon after his disclosure the share prices of Satyam came down by 78%. He said, "It was like riding a tiger, not knowing how to get off without being eaten,"
The accounts were not manipulated in a single day. It was continued from the past several years. Satyam computers balance sheet and books of accounts were audited by one of the worlds most reputed firm of auditors “price water house coopers”.
Satyam computers which is the fourth largest IT Company of India and which holds a good share in the portfolio of majority of mutual funds presented an unexpected truth. Satyam's stock is listed on the New York Stock Exchange; it had business operations in 66 countries and counted 185 companies in the Fortune 500 list as its clients and customers.
The downfall of Satyam began from December itself when the World Bank barred Satyam computers to offer his services for the next eight years on the charge of bribery and corruption. Raju was aware that the hidden truth of the company can be disclosed any time thus he made an item to acquire two companies held by his sons – Maytas Properties and Maytas Infrastructure for 1.6 billion dollar. So that he can bridge the gap. But his plan failed when the investors opposed it on the charge of misuse of company funds.
With that Raju felt that he was in a broken boat and there was no way out. He was soon sacked by the government. As the companies act 1956 has a provision regarding “lifting & piercing up of corporate veil” which contains a clause that although a company has a separate legal existence no one can take shelter under that flaw and if any one will be found to provide illegitimate benefit to any person the government can break the wall of corporate veil.
The government created a new board of Satyam computers in order to see the benefits of 53000 workers working under the company. The board is also in search of a new auditing firm to look after the accounts of the company with retrospective effect.
Saturday, January 3, 2009
MENTAL TERROR Vs PHYSICAL TERROR
The word terror has come from a Latin word which means “to frighten”. But at present its meaning has not been confined till frightening but has been used in much broader sence which can be taken as coercion. ‘Terror’ it’s not just a word for the whole world but has become a scary dream which blow everyone’s mind. Everyday when we walk from our home we are not sure that whether we will return back home or somewhere a bullet is waiting for us. But is this really what terrorism is ...??? The damage which the terrorist attack causes is not limited till killing of life and damaging property, but it also effects the self-confidence of peoples not only those who are effected to it but also those who are not at all effected by it. My question is that whether it is a physical fear or a fear in peoples mind. Every year like holy, diwali, Christmas, etc. we tend to face a big terrorist attack also. The only difference is that all other festivals brings joy in our faces while a terrorist attack wipe those joy off. The words which we come across in our home during that time is “kalyug aa gaya hai sambhal ke bahar nikla karo”. This terrorist attack not only disruppts the normal life of people facing it but it also creates a fear in our mind due to which we tend to react more aggressively. There is a principle popularly known as 10/90 principle according to it the effect of every activity in our life is 10% automatic and 90 % as how we react to it. Similarly after every terrorist activities we react so hard that a fear sets his palace in our mind.
Last week I was watching a movie “Wednesday” from which I got the idea of writing this blog. This movie has showed what a normal person feel about terrorism and how much he is frustated from it. Although many of us might not have heard about this movie because its a tradition that until a movie has an item number or any big star shaking his hibs doesnot gain any recognition. I will not describe the story but will request everyone to watch it.
We all know that neither this terrorist nor the terrorism was developed in a single day nor it can be destroyed in a single day. But what we can do is that we can stand against this terrorism with full unity. After every terrorist attack we see big banners showing sympathy but just after few days we see same banners covering the story of a latest movie. The only thing which we can do to protest against this terrorism is that we can remove the terror from our mind and walk out with same confidence that we use to do. This passes a message to the terrorist that by doing all this stuff they can never screw our normal life which their sole objective. The objective of any terrorist attack is not to kill people or destroy man made structures what they intend to do is to attack the moral and confidence of people. Thus our step should be towards such activities.
Last week I was watching a movie “Wednesday” from which I got the idea of writing this blog. This movie has showed what a normal person feel about terrorism and how much he is frustated from it. Although many of us might not have heard about this movie because its a tradition that until a movie has an item number or any big star shaking his hibs doesnot gain any recognition. I will not describe the story but will request everyone to watch it.
We all know that neither this terrorist nor the terrorism was developed in a single day nor it can be destroyed in a single day. But what we can do is that we can stand against this terrorism with full unity. After every terrorist attack we see big banners showing sympathy but just after few days we see same banners covering the story of a latest movie. The only thing which we can do to protest against this terrorism is that we can remove the terror from our mind and walk out with same confidence that we use to do. This passes a message to the terrorist that by doing all this stuff they can never screw our normal life which their sole objective. The objective of any terrorist attack is not to kill people or destroy man made structures what they intend to do is to attack the moral and confidence of people. Thus our step should be towards such activities.
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