As we all know about global financial turmoil and I wont write anything related to dis turmoil as it's getting boring.But wht i am reading everyday is crisis of confidence??But nobody is so confident in explaning dis crisis of confidence...!!!It's simple...Let's say you are living in an earthquake prone area....taking dis into account you have taken all precautions to make your house prone to any effect by earthquake...But one day as you cant control nature it occurs and your neighbouring house collapses....u knw that there is a thin hair chance of your house getting affected because of measures you have already adopted...even people who are staying as paying guests starts leaving your own house....but as a human nature u panic and plan to shift somwhere else....Now, the question is till wht time you be staying somewhere else...???Unless you are confident that there will be no earthquake which is not going to happen as u cannot control nature...d final alternative will be either to sell d house or return after you r confident abt ur own house!!!
Now relating this analogy with Indian Economy, an earthquake prone area is whole world, and d resilient place you are staying in your own country India.....As India has been always conservative in opening up of financial sector and liberalizing, she has always taken measure to make it more resilient against systemic risks....Financial crisis occured in US,Europe,etc i.e. your neighbouring countries....ppl know that their own house (India) is fundamentally strong but stil they panic and start exiting from equities market and other assets...Even paying guests (FII) have started exiting the safe heaven... Will dis continue forever..I certainly dont think so....As safety is always preferred against dangerous it will once again force these investors to return to Indian markets (their home) once they r assured that the current financial crisis effect is discounted in markets...
Hence, the bottomline is anywhere you go...u will return to your own place...coz nothing is safe in dis world except your place!!!!!!
Sunday, October 26, 2008
Wednesday, July 9, 2008
Wat do u want....Freedom or Independence.....?
Well there is some reason that has made me writing this post...Something happening in the country has raised a lot of questions in my mind? There is cliche that India is called the largest democracy in the world...I would call a cargo cult democracy.From kindergartens we have been taught democracy is for the people, by the people and of the people but the sad part is people here are considered as only politicians....What kind of democracy are we talking about...?? A democracy where dinosaur like Arjun Singh can ruin an education system..or people fight for reservations and disrupting human lives...A democracy or an autocracy where the country was ruled by Britishers and after independence its Gandhi dynasty....
I have realized that freedom is more important than independence.There is no freedom for common man in india..no freedom for thought or expression, nor freedom to aspire to greatness, nor freedom from the ravages of endemic corruption...India is always busy in global language lecturing in moral and ethical values.It falls to its own prey..The country excels in perpetuating the most ridiculous system ever invented: A chimera that combines all the vices of Communism and Capitalism and none of the virtues.
We have a best example where a dictator like Narendra Modi can transform the worst performing state into one of the best performing state in India within a decade. Its my view that we need a democracy where the control rests more on the leaders rather than a group of poilitcians which simply leads to a chaos like Nuclear Deal.
There is no democracy in india other than a strange beast that has the paraphernalia and form, but not the substance of rule of, by and for the people. Instead it is of, by and for the politicians, who is only interested in self-achievements.
I have realized that freedom is more important than independence.There is no freedom for common man in india..no freedom for thought or expression, nor freedom to aspire to greatness, nor freedom from the ravages of endemic corruption...India is always busy in global language lecturing in moral and ethical values.It falls to its own prey..The country excels in perpetuating the most ridiculous system ever invented: A chimera that combines all the vices of Communism and Capitalism and none of the virtues.
We have a best example where a dictator like Narendra Modi can transform the worst performing state into one of the best performing state in India within a decade. Its my view that we need a democracy where the control rests more on the leaders rather than a group of poilitcians which simply leads to a chaos like Nuclear Deal.
There is no democracy in india other than a strange beast that has the paraphernalia and form, but not the substance of rule of, by and for the people. Instead it is of, by and for the politicians, who is only interested in self-achievements.
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