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.
Sunday, September 28, 2008
Should study pattern be Practical or Theoretical?
Today in India there is no shortage of talent. The Indian students are finding the height of glory in almost every field of life like finance, engineering, medical, etc. we have made place for our self not only in India but in the entire world. Many large foreign business establishments are booming just because they have Indian students working with them.
But one of the major drawbacks which I can see in the study pattern of our society is that here the system study is more theoretical rather than being practical. These structures of study not only create problems for students when they enter into their commercial life but also create hurdles for various bright students. In our society the students from the very childhood are forced to score good marks and become a doctor or an engineer, etc. by their parents, in the later part of their life they encounter with a competitive world which again force them to mug up the answers to score good marks in their exams. This is not the fault of the students; it’s the education body which is responsible for this. The structure of study doesn’t allow the students to gain any practical knowledge. This makes the students a bookworm and keeps them unaware of the practical business world.
In most of the colleges the syllabus have not changed since 1960 (although the autonomous colleges have taken a few step forward) which reflect in nature of the students. These someway or the other create a waste of talent because the students are unaware about how they have to implement their theoretical knowledge in the outer world. A student might have good knowledge but if he can’t express that knowledge or if he can’t co-ordinate then his knowledge is of no use.
Now again the question arises that how can the education body make the study more life oriented. Although I am no one to give advice to the education body but being a student the things which I thing should be changed are –
1.There should be good interaction between teachers and students.
2.Students should be provided with practical examples along with that of theoretical one
3.There should be debate among the students on current topics this will lead them to express their views.
4.Students should not only attached with the books they should allow to participate in sports and other activities also
5.There should be program’s which welcomes student’s innovative ideas.
Students should provide with industrial visits.
6.Students should be provided with advance technology which will help them to enhance their knowledge.
It is not that the education bodies are unaware of this fact they have taken few steps like they have started converting the colleges into an Autonomous college (there is a target of converting 10% of the colleges by the end of 11th plan) which will provide freedom to the college authority to take various decision.
If India is moving on the path of global power they have to think beyond their imagination
But one of the major drawbacks which I can see in the study pattern of our society is that here the system study is more theoretical rather than being practical. These structures of study not only create problems for students when they enter into their commercial life but also create hurdles for various bright students. In our society the students from the very childhood are forced to score good marks and become a doctor or an engineer, etc. by their parents, in the later part of their life they encounter with a competitive world which again force them to mug up the answers to score good marks in their exams. This is not the fault of the students; it’s the education body which is responsible for this. The structure of study doesn’t allow the students to gain any practical knowledge. This makes the students a bookworm and keeps them unaware of the practical business world.
In most of the colleges the syllabus have not changed since 1960 (although the autonomous colleges have taken a few step forward) which reflect in nature of the students. These someway or the other create a waste of talent because the students are unaware about how they have to implement their theoretical knowledge in the outer world. A student might have good knowledge but if he can’t express that knowledge or if he can’t co-ordinate then his knowledge is of no use.
Now again the question arises that how can the education body make the study more life oriented. Although I am no one to give advice to the education body but being a student the things which I thing should be changed are –
1.There should be good interaction between teachers and students.
2.Students should be provided with practical examples along with that of theoretical one
3.There should be debate among the students on current topics this will lead them to express their views.
4.Students should not only attached with the books they should allow to participate in sports and other activities also
5.There should be program’s which welcomes student’s innovative ideas.
Students should provide with industrial visits.
6.Students should be provided with advance technology which will help them to enhance their knowledge.
It is not that the education bodies are unaware of this fact they have taken few steps like they have started converting the colleges into an Autonomous college (there is a target of converting 10% of the colleges by the end of 11th plan) which will provide freedom to the college authority to take various decision.
If India is moving on the path of global power they have to think beyond their imagination
Sunday, September 21, 2008
GROWTH OF INDIAN RAILWAY – A REALITY OR A VAGUE
Indian railway (IR) which is a department of Government of India has owned a monopoly in India. It is the second largest rail network in the world, transporting eighteen millions passengers daily. IR is the world largest commercial or utility employer.
Although IR is an important resource for India but it was running in heavy loss from past few years it was almost bankrupt. It use to show a deficit budget every year. This was all due to the malpractices which run into the system at its extreme. This all suddenly came to an end when Mr. LALU PRASAD YADAV was elected as the railway minister. The railway suddenly turned out to be a profit making sector and started contributing to the govt. treasury.
Now the question which arises in our mind is that suddenly what he did that one of the burden of goverment resourse turned out to be a profit making?
The answer is not difficult to judge. He did nothing different what he did was he did thing differently – in the words of SHIV KHERA
“Winner’s don’t do different things they do things differently “- YOU CAN WIN
It was not that he ignored the poor sector and started increasing the fairs. He took both the rich and poor class people into consideration and took appropriate measures. He knew that if in order to fulfill the loss he raised the fairs the public will be disappointed. So what he did he took certain measures like-
1) He turned most number of trains into fast passengers but the time which it covers was not more than 30min. This added an extra fair to the passenger
2) He introduced a side birth system in which instead of two there will be three side births. Although it in highly inconvenient but in increased the revenue.
3) Previously in case of Tatkal tickets there was no place of waiting list and limited tickets were introduced but now even in Tatkal tickets can be booked before time
4) He removed the malpractices which was use to run in the stalls of railway platforms.
5) He increased the booking period from 2 months to 3 months.
6) Currently one of the good steps was that he gave the charge of Rajdhani express to private companies like Airtel, etc. which will give railway huge revenue and the public will get receive better services.
7) He also made the fair charges absolutely free for the boys up to class 12 and for girls till college.
Some people think that the step which he took was unfair to raise the revenue because it is misleading the people. But what I think that he did not raise the fairs for poor people and if the upper middle class and higher class people have to pay an extra few bugs its nothing wrong in it. He had a quality of a complete manager, although his style of work is quite different from that of others ultimately what matters is result and he had that. It was due to his this quality that he was invited as a guest lecturer in IIM AHMEDABAD (the best management institute) to share his idea’s and experiences.
Not only this he used they surplus revenue in the development of railways he developed new railways track where the need was urgent, woman’s were provided with better security in the local trains, etc. thus we can say that growth of railway has is a reality.
Although IR is an important resource for India but it was running in heavy loss from past few years it was almost bankrupt. It use to show a deficit budget every year. This was all due to the malpractices which run into the system at its extreme. This all suddenly came to an end when Mr. LALU PRASAD YADAV was elected as the railway minister. The railway suddenly turned out to be a profit making sector and started contributing to the govt. treasury.
Now the question which arises in our mind is that suddenly what he did that one of the burden of goverment resourse turned out to be a profit making?
The answer is not difficult to judge. He did nothing different what he did was he did thing differently – in the words of SHIV KHERA
“Winner’s don’t do different things they do things differently “- YOU CAN WIN
It was not that he ignored the poor sector and started increasing the fairs. He took both the rich and poor class people into consideration and took appropriate measures. He knew that if in order to fulfill the loss he raised the fairs the public will be disappointed. So what he did he took certain measures like-
1) He turned most number of trains into fast passengers but the time which it covers was not more than 30min. This added an extra fair to the passenger
2) He introduced a side birth system in which instead of two there will be three side births. Although it in highly inconvenient but in increased the revenue.
3) Previously in case of Tatkal tickets there was no place of waiting list and limited tickets were introduced but now even in Tatkal tickets can be booked before time
4) He removed the malpractices which was use to run in the stalls of railway platforms.
5) He increased the booking period from 2 months to 3 months.
6) Currently one of the good steps was that he gave the charge of Rajdhani express to private companies like Airtel, etc. which will give railway huge revenue and the public will get receive better services.
7) He also made the fair charges absolutely free for the boys up to class 12 and for girls till college.
Some people think that the step which he took was unfair to raise the revenue because it is misleading the people. But what I think that he did not raise the fairs for poor people and if the upper middle class and higher class people have to pay an extra few bugs its nothing wrong in it. He had a quality of a complete manager, although his style of work is quite different from that of others ultimately what matters is result and he had that. It was due to his this quality that he was invited as a guest lecturer in IIM AHMEDABAD (the best management institute) to share his idea’s and experiences.
Not only this he used they surplus revenue in the development of railways he developed new railways track where the need was urgent, woman’s were provided with better security in the local trains, etc. thus we can say that growth of railway has is a reality.
Wednesday, September 17, 2008
QUOTA SYSTEM IN THE FIELD OF EDUCATION
Every year large number of students give their exams with full concentration and hard labor so that they can score good marks and can get admission in good colleges (like SRCC, Xavier’s, etc) easily but all this end up in vain when a system of our education (Quota system) act as a hurdle in their path. Every year a bunch of students fail to take admission in this college’s because their seats are given either to schedule cast people or people belonging to some other groups.
In almost every college’s near about 40% seats are reserved in different quotas like schedule cast, brother quota, sports quota, religion quota, etc. I am not saying that this sectors should be ignored, if our country want to be a global power that it is very much necessary to help this sector’s but when it comes in the field of education than it should not be customary to reserve the seats for them. This sector’s can be given priority in taking admission because they don’t have much facilities but reserving seats for them is like spoiling the career of a bright student.
Being a student I can say that it affects a mental state of a student very hard when inspite of putting very hard labor to get admission in a reputed college he fails just because the seats were reserved. I myself have seen some of friends who deserve to get admission in ST. Xavier’s college failed because of the unfair system of education. I myself was a bit shocked when I entered the very first day in my college (ST. Xavier’s college) that there are students who have scored near about 50-60% and my few friends who were just 2-3 marks short fro the cutoff are nowhere.
This is not just an article or a blog but it’s the practical truth which has its own reality.
In almost every college’s near about 40% seats are reserved in different quotas like schedule cast, brother quota, sports quota, religion quota, etc. I am not saying that this sectors should be ignored, if our country want to be a global power that it is very much necessary to help this sector’s but when it comes in the field of education than it should not be customary to reserve the seats for them. This sector’s can be given priority in taking admission because they don’t have much facilities but reserving seats for them is like spoiling the career of a bright student.
Being a student I can say that it affects a mental state of a student very hard when inspite of putting very hard labor to get admission in a reputed college he fails just because the seats were reserved. I myself have seen some of friends who deserve to get admission in ST. Xavier’s college failed because of the unfair system of education. I myself was a bit shocked when I entered the very first day in my college (ST. Xavier’s college) that there are students who have scored near about 50-60% and my few friends who were just 2-3 marks short fro the cutoff are nowhere.
This is not just an article or a blog but it’s the practical truth which has its own reality.
Sunday, September 14, 2008
INFLATION
Today Inflation is a topic with which every single person of the country is aware. In the past very few people used to know what inflation is and what is inflation rate, those who know was also the learned people. But at present even a school going boy can be found saying- “last week’s inflation rate was 12.44% govt. must do something”.
Although our country is kissing the double digit growth mark the inflation rate has already crossed it. Thus the impact of that growth has compressed due to the growing inflation rate. Although the middle class, upper middle class, and higher class people does not experience the impact of inflation to such a great extent but those people who earns a fixed amount of remuneration everyday for them the impact of inflation is drastic. Because although the prices of commodities are going high but the money which they are receiving in the form of wages are still the same as a result large numbers of people are forced to commit suicide. This is a matter of great shame that a country who has a prime minister as one of the renowned economist has to face this kind of situation. If this trend of rising inflation continues than their will be a list of problems which our nation has to encounter with in the near future.
Government has also taken large number of steps on his part like the reserve bank of India has raised Repo rate by 50 basis point from the 9% from the existing 8.5% . This short term rate at which the RBI lends cash to bank was last raised on 24 June by 50 basis points to 8.5 %. The move is directed at cooling inflation that is running nearly 12% on an annual basis by containing demand.
The central bank has also raised the CRR (percentage of bank deposit which they must keep with central bank) by 25 basis point from the existing 8.75%. This will come into effect from August 30.
The reverse Repo rate (the short term rate at which the central bank absorbs cash from the market) remains unchanged at 6%. It has also raised the bank rate(rates used to price long term loans to firms and individual) steady at 6%.
In his recent interview R.B.I governor Y.V. Reddy said that they try to restrict the growth rate at about 8 and the inflation rate at about 5% by the end of this year, because growth of a country can not be done at the cost of common people.
Although our country is kissing the double digit growth mark the inflation rate has already crossed it. Thus the impact of that growth has compressed due to the growing inflation rate. Although the middle class, upper middle class, and higher class people does not experience the impact of inflation to such a great extent but those people who earns a fixed amount of remuneration everyday for them the impact of inflation is drastic. Because although the prices of commodities are going high but the money which they are receiving in the form of wages are still the same as a result large numbers of people are forced to commit suicide. This is a matter of great shame that a country who has a prime minister as one of the renowned economist has to face this kind of situation. If this trend of rising inflation continues than their will be a list of problems which our nation has to encounter with in the near future.
Government has also taken large number of steps on his part like the reserve bank of India has raised Repo rate by 50 basis point from the 9% from the existing 8.5% . This short term rate at which the RBI lends cash to bank was last raised on 24 June by 50 basis points to 8.5 %. The move is directed at cooling inflation that is running nearly 12% on an annual basis by containing demand.
The central bank has also raised the CRR (percentage of bank deposit which they must keep with central bank) by 25 basis point from the existing 8.75%. This will come into effect from August 30.
The reverse Repo rate (the short term rate at which the central bank absorbs cash from the market) remains unchanged at 6%. It has also raised the bank rate(rates used to price long term loans to firms and individual) steady at 6%.
In his recent interview R.B.I governor Y.V. Reddy said that they try to restrict the growth rate at about 8 and the inflation rate at about 5% by the end of this year, because growth of a country can not be done at the cost of common people.
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