So as expected, FII have taken out money to rebalance their portfolios. Markets have corrected. This intermediate trend provides great buying opportunity for retail investors like us. Buy now and hold till March and i think we should we rewarded. However the first rule of investing in stocks is to remain patient. If you cant sleep properly after investing then stay out and invest in ELSS or other Mutual funds.
But do invest in some way.
My pics at current levels will remain as DLF, Reliance, JPAssociates, Karutui Networks, Religare, Crisil, Edelweiss (below 1450). One trading pick that i've been hearing is Assam Company (around 45/-) but people with high risk profile should go for it.
(Disclaimer*)
Wednesday, December 19, 2007
Monday, December 17, 2007
My Grammar-o-phobia
Well… I don’t know English grammar and Table counting. Not just now! I never did… Ya, not even in class 6th (former one) or while preparing for CAT (the latter one).
My father knew my brilliance (or the absence of it!) in mathematics when I could pick up the table of 5 while papa was teaching my elder. He got beaten up cause I could vomit just what he was expected to deliver. But alas! That’s where it stopped. I later learnt the tables of 1, 2, 3, 5, 10, 12, 15 and 20. But I remember I always had a reason to hide my poor memory by resorting to my super duper multiplication skills (yes… exaggerated).
I was offered many sops for filling my intestine (that’s where my table counting memory resides) with those exotic tables. My favorite biscuits, that toy, even money. But I’m quite ethical person (after all I got into SPJain)!. My intestines wouldn’t have allowed those biscuits to settle-in anyways. My father gave up as I entered class 8th. By this time math went beyond rote learning. And I survived.
Well, if you were to compare my table counting skill with my English grammar skills then I’m a genius in table counting. Need I say more about the plight of my father and teachers?
Till this time, most difficult learning of my life had been Grammar. [and not Marketing!]
Papa still can’t figure out and has serious doubts about how I communicate or write in English.
I’m somehow still not convinced of grammar being taught in bookish ways. Now some super intelligent readers of this blog might want to check my Hindi grammar skills… I would just say ‘Beware’. If I get a chance I would actually write-off Hindi grammar altogether and its stupid differences in things like chandrabindu and bindu, three types of ‘S’, two types of ‘R’, deergh-ekaar and harswa-ekaar and what not!
But I don’t want to remain “un-grammatical” for my life. Next time I will go home, I’m going to pick my cousins grammar book and read through all the pages of complex participles, adverbs and verbs… May be I’m negating the chances of my kid writing similar post on his blog :)
Any help or sympathies or even ‘me too’s’!
PS: I just saw TOI has come up with editorial page article on "Say No to rote learning" today...
My father knew my brilliance (or the absence of it!) in mathematics when I could pick up the table of 5 while papa was teaching my elder. He got beaten up cause I could vomit just what he was expected to deliver. But alas! That’s where it stopped. I later learnt the tables of 1, 2, 3, 5, 10, 12, 15 and 20. But I remember I always had a reason to hide my poor memory by resorting to my super duper multiplication skills (yes… exaggerated).
I was offered many sops for filling my intestine (that’s where my table counting memory resides) with those exotic tables. My favorite biscuits, that toy, even money. But I’m quite ethical person (after all I got into SPJain)!. My intestines wouldn’t have allowed those biscuits to settle-in anyways. My father gave up as I entered class 8th. By this time math went beyond rote learning. And I survived.
Well, if you were to compare my table counting skill with my English grammar skills then I’m a genius in table counting. Need I say more about the plight of my father and teachers?
Till this time, most difficult learning of my life had been Grammar. [and not Marketing!]
Papa still can’t figure out and has serious doubts about how I communicate or write in English.
I’m somehow still not convinced of grammar being taught in bookish ways. Now some super intelligent readers of this blog might want to check my Hindi grammar skills… I would just say ‘Beware’. If I get a chance I would actually write-off Hindi grammar altogether and its stupid differences in things like chandrabindu and bindu, three types of ‘S’, two types of ‘R’, deergh-ekaar and harswa-ekaar and what not!
But I don’t want to remain “un-grammatical” for my life. Next time I will go home, I’m going to pick my cousins grammar book and read through all the pages of complex participles, adverbs and verbs… May be I’m negating the chances of my kid writing similar post on his blog :)
Any help or sympathies or even ‘me too’s’!
PS: I just saw TOI has come up with editorial page article on "Say No to rote learning" today...
Tuesday, November 27, 2007
Month of December and Markets
December has been a month when foreign investors pull out money to adjust their profit and loss account for their yearly closures. This obviously brings Sensex down.
Also December is the month when most of us have to start declaring our actual tax savings under 80C. So I see a good opportunity to cash in falling markets to meet this declaration burden. Gear up if you have lost the best opportunity to invest during august-September and want to join the Indian Sensex bandwagon now.
The instrument that I’m suggesting here is ELSS (Equity linked savings scheme) scheme of mutual funds. Though there are many investment products that are eligible for tax deductions under 80C, ELSS gives you the opportunity to earn maximum return and has the shortest lock-in period of 3 years amongst all such investment options. However, it comes with an inherit risk of investing in equity markets.
There are several ELSS funds available. Following two are recommended:
1. SBI magnum Tax Gain Scheme
2. HDFC Tax-Saver
These schemes come with different flavors like dividend, growth, dividend reinvestments. I would recommend growth scheme as it takes care of our long term wealth building plan.
Now the main point: How to utilize the December factors if you have missed to log on through Systematic investment plan?
Markets will remain hugely volatile in the month of December fluctuating between 17500 (most pessimistic) – 20500 (most optimistic). I recommend you to follow the steps below:
1. Set aside the sum you want to invest in ELSS
2. Divide it in 3 chunks
3. Invest first chunk when market closes below 19000
4. Invest second when market goes down and closes below 18400.
5. Now wait for the third chunk to be invested around last week of December at whatever level the market is.
You will have to be really swift and track the market closing on a day-to-day basis. This strategy might give you little more return than putting whole of your money at once. Also it would need you to online trading account. If you don’t have it then get in touch with someone of these banks and invest your whole sum at around 18.5K level at once.
-----------------------------------------------------------------------------------
Regular Stock ideas: Buy DLF at around 850-875, Reliance at current level and on dips
Also December is the month when most of us have to start declaring our actual tax savings under 80C. So I see a good opportunity to cash in falling markets to meet this declaration burden. Gear up if you have lost the best opportunity to invest during august-September and want to join the Indian Sensex bandwagon now.
The instrument that I’m suggesting here is ELSS (Equity linked savings scheme) scheme of mutual funds. Though there are many investment products that are eligible for tax deductions under 80C, ELSS gives you the opportunity to earn maximum return and has the shortest lock-in period of 3 years amongst all such investment options. However, it comes with an inherit risk of investing in equity markets.
There are several ELSS funds available. Following two are recommended:
1. SBI magnum Tax Gain Scheme
2. HDFC Tax-Saver
These schemes come with different flavors like dividend, growth, dividend reinvestments. I would recommend growth scheme as it takes care of our long term wealth building plan.
Now the main point: How to utilize the December factors if you have missed to log on through Systematic investment plan?
Markets will remain hugely volatile in the month of December fluctuating between 17500 (most pessimistic) – 20500 (most optimistic). I recommend you to follow the steps below:
1. Set aside the sum you want to invest in ELSS
2. Divide it in 3 chunks
3. Invest first chunk when market closes below 19000
4. Invest second when market goes down and closes below 18400.
5. Now wait for the third chunk to be invested around last week of December at whatever level the market is.
You will have to be really swift and track the market closing on a day-to-day basis. This strategy might give you little more return than putting whole of your money at once. Also it would need you to online trading account. If you don’t have it then get in touch with someone of these banks and invest your whole sum at around 18.5K level at once.
-----------------------------------------------------------------------------------
Regular Stock ideas: Buy DLF at around 850-875, Reliance at current level and on dips
Saturday, November 17, 2007
If only!
excerpts from the play... "If only the dream had been true it would have been a motivating and energetic world. It is one thing to say that all that happens is for good and it is quite different to experience it. It does not die down so easily. Dreams shattered leads to a complete disillusionment… to re-shape the dreams is no mean task. When things are lost which you aspired for all your life, the world comes to an end. The base to build your life is lost and future looks bleak. You need complete disconnect which again leads to more pain."
Life o life… why are so as you are!
Wo.. ho… every time I open my gmail these days, I get a marriage invitation from one of my friend. I’m not exaggerating… even I’m surprised by the pace. Though I would like to attend all, it becomes impossible given the time pressure and cost involved. But good… I bless them all with whatever capability I have.
I want to make it big one day… big in what field in still not decided :). I’m sure with the company I’ve, it will not be a big wait. Hmmm…. If only I had more guts!
Wokay… enough confusing you my blog… stay cosy!
PS: My hand is better and i guess putting a brace was not a wise decision. Doctors got to be more intuitive than mechanical.
Tuesday, October 23, 2007
My first fracture
… or at least first one to be medically diagnosed. So congrats to me. I’ve successfully got a hairline fracture in the wrist bone.
So many people with whom I used to share “who-are-you; I-saw-you-yesterday-too” glances in the office suddenly became very sympathetic and caring. “Waise bhi India mein muft ke advices bahot milte hai” proclaims a mobile operators ad these days on TV – I agree. But the sad part is, I slipped off the tiny little stairs of this operator’s brother’s retail outlet. So these wealthy brothers are conspiring against me!! Or is it that they heard me vehemently opposing the over-use of their brand name on all retail outlet formats…
Anyways! I’ve my sufferings. Does it pain? Yes n No. There is degree at which it pains. Yesterday my friend was telling me that his cousin had a watch which used to automatically light up when he turned arm to see the time. This is the exact pose in which it pains to me! Wow! So was that discussion warning me of this incident! Quite a spooky world!
I can take medical leave. But my CL’s are anyways going to get wasted by the year end. Ummm… but I don’t need leave. It should heal up soon.
Do you remember people signing on your plastered hands when you had broken it taking that catch! I used to like it lots totally non-admiring of pain. So here is my opportunity. But looks like I’ve grown up. Though the main reason is that I didn’t get a white plaster; I’ve something called wrist brace on. The material is ball pen proof. It doesn’t write on it. Looks like the manufacturing company knew about my plans! Snif… Snif! Big conspiracy to make me suffer.
However I’m liking it. I now know what not having working left hand means in the morning. :)
wokay.. watch out after 21 days when my memorable days pass off. Probably!
Stay Cosy!
.jpg)
So many people with whom I used to share “who-are-you; I-saw-you-yesterday-too” glances in the office suddenly became very sympathetic and caring. “Waise bhi India mein muft ke advices bahot milte hai” proclaims a mobile operators ad these days on TV – I agree. But the sad part is, I slipped off the tiny little stairs of this operator’s brother’s retail outlet. So these wealthy brothers are conspiring against me!! Or is it that they heard me vehemently opposing the over-use of their brand name on all retail outlet formats…
Anyways! I’ve my sufferings. Does it pain? Yes n No. There is degree at which it pains. Yesterday my friend was telling me that his cousin had a watch which used to automatically light up when he turned arm to see the time. This is the exact pose in which it pains to me! Wow! So was that discussion warning me of this incident! Quite a spooky world!
I can take medical leave. But my CL’s are anyways going to get wasted by the year end. Ummm… but I don’t need leave. It should heal up soon.
Do you remember people signing on your plastered hands when you had broken it taking that catch! I used to like it lots totally non-admiring of pain. So here is my opportunity. But looks like I’ve grown up. Though the main reason is that I didn’t get a white plaster; I’ve something called wrist brace on. The material is ball pen proof. It doesn’t write on it. Looks like the manufacturing company knew about my plans! Snif… Snif! Big conspiracy to make me suffer.
However I’m liking it. I now know what not having working left hand means in the morning. :)
wokay.. watch out after 21 days when my memorable days pass off. Probably!
Stay Cosy!
.jpg)
Monday, October 8, 2007
Trip to Jog
Jog falls is about 380 Kms from Bangalore and is the highest fall (~900ft) of India. Water from Sharavati river forms 4 huge water falls named Raja, Raani, Roarer and Rocket. See them in pic below:
We took a karnataka state tourism tour bus to the falls. It was decent and comes at 1045 Rs. for whole trip.
We took a karnataka state tourism tour bus to the falls. It was decent and comes at 1045 Rs. for whole trip.This was probably my first bus tour in which i could really sleep. Seems i'm coming out of my bus0phobia? (Is there a better word?)
All in all, its a good compact trip that you can take with your family. You can drive down as well. We missed out on visiting Gokarna beach which is very close to Jog falls. Next time...
Thursday, September 13, 2007
Market dilemma
"There are two kinds of people who lose money: those who know nothing and those who know everything."
Well, why would the first one lose is anybody's guess; however our second breed loses cause of its overconfidence and over-interpretation of every market impacting development.
Market is funny. You bet! It falls down every time you invest? What bad did you do to the Laxmi? Why is that every t-d-h you know claims that he made fortunes on the D-street! Didn't you read that the person who has held Infosys shares since IPO is a crorepati. Well well well.. Welcome to the great Indian casino named Sensex.
I've been in the market since not so long time of about 4 years. As always, i made, i lost, i made, i lost and i made and I’m making... u know what. I started when i knew nothing. I burnt my fingers and then i learnt. I'm learning now as well. All that has changed is the no. of elements in my set named {Mistakes you can make in stock market investments}. I'll summaries some of my learning’s here which are obviously not writings on the stone wall:
Indian markets are highly manipulated by traders and insiders. ( So are other markets at different levels)
Q You as retail investors should never trade in derivatives market.
Q Never buy a stock on the tip of your dhoodhwala.
Q If you don’t understand it, stay out.
Well then what should you do? Sit on the fence and watch that dhoodhwala suddenly delivering on a bike from a cycle! No.. And a strong NO.
India is just beginning. We are blessed to live and grow in this phase of India. If you miss it now, you will never probably catch it in 5 years hence. Invest, Invest and Invest but beware. "Greed is good" claimed Al pacino in Wallstreet. We are in a phase when we are observing people prospering. Crowd has money and a strange feeling that they'll have it till eternity. What best describes an EMI of 30K on a salary of 50K! Well, their feeling is not too wrongly placed. We are feeling uncomformatable because this phase of growing India is a new phase. We have lived in the society that was evidently under served, had fewer ambitions and bought a bike in the entire earning life. But, lets realise that India has grown above that. Even India can prosper. Why do you doubt that everyone is doing well these days and standard of life is increasing? These things are norm of the day in developed nations! We are moving towards that. However still long way to go... but we are on the road. And only this time we have a marathon and not a 100mts 10 runner’s race. So join-in.
Coming back to what one should do for investing now. I'm assuming that reader is not a geek with stocks or a day trader. As a normal investor here are the top 3 golden rules:
- Don't try to time the market. You can not on a medium term.
- Don't come close to the markets if you don't want to stay invested and have patience.
- Invest through reputed mutual funds and in a fund running for atleast last 3-4 years. Dont pay heed to rosy NFOs unless they are significantly different from the existing funds.
I again urge that lets participate and make the whole system more strong with our conviction.
Well, why would the first one lose is anybody's guess; however our second breed loses cause of its overconfidence and over-interpretation of every market impacting development.
Market is funny. You bet! It falls down every time you invest? What bad did you do to the Laxmi? Why is that every t-d-h you know claims that he made fortunes on the D-street! Didn't you read that the person who has held Infosys shares since IPO is a crorepati. Well well well.. Welcome to the great Indian casino named Sensex.
I've been in the market since not so long time of about 4 years. As always, i made, i lost, i made, i lost and i made and I’m making... u know what. I started when i knew nothing. I burnt my fingers and then i learnt. I'm learning now as well. All that has changed is the no. of elements in my set named {Mistakes you can make in stock market investments}. I'll summaries some of my learning’s here which are obviously not writings on the stone wall:
Indian markets are highly manipulated by traders and insiders. ( So are other markets at different levels)
Q You as retail investors should never trade in derivatives market.
Q Never buy a stock on the tip of your dhoodhwala.
Q If you don’t understand it, stay out.
Well then what should you do? Sit on the fence and watch that dhoodhwala suddenly delivering on a bike from a cycle! No.. And a strong NO.
India is just beginning. We are blessed to live and grow in this phase of India. If you miss it now, you will never probably catch it in 5 years hence. Invest, Invest and Invest but beware. "Greed is good" claimed Al pacino in Wallstreet. We are in a phase when we are observing people prospering. Crowd has money and a strange feeling that they'll have it till eternity. What best describes an EMI of 30K on a salary of 50K! Well, their feeling is not too wrongly placed. We are feeling uncomformatable because this phase of growing India is a new phase. We have lived in the society that was evidently under served, had fewer ambitions and bought a bike in the entire earning life. But, lets realise that India has grown above that. Even India can prosper. Why do you doubt that everyone is doing well these days and standard of life is increasing? These things are norm of the day in developed nations! We are moving towards that. However still long way to go... but we are on the road. And only this time we have a marathon and not a 100mts 10 runner’s race. So join-in.
Coming back to what one should do for investing now. I'm assuming that reader is not a geek with stocks or a day trader. As a normal investor here are the top 3 golden rules:
- Don't try to time the market. You can not on a medium term.
- Don't come close to the markets if you don't want to stay invested and have patience.
- Invest through reputed mutual funds and in a fund running for atleast last 3-4 years. Dont pay heed to rosy NFOs unless they are significantly different from the existing funds.
I again urge that lets participate and make the whole system more strong with our conviction.
NetPick
The Stock Market simply illustrated ... is there a lesson here?
Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for Rs10. The villagers seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at Rs10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now
buy at Rs20. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms. The offer rate increased to Rs25 and the supply of monkeys became so little that it was an effort to even see a monkey let alone catch it. The man now announced that he would buy monkeys
at Rs50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him.
In the absence of the man, the assistant told the villagers. Look at all these monkeys in the big cage that the man has collected. I will sell them to you at Rs35 and when the man returns from the city, you can sell it to him for Rs50." The villagers squeezed up with all their savings to buy the monkeys.
Then they never saw the man nor his assistant, only monkeys everywhere!! !!
Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for Rs10. The villagers seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at Rs10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now
buy at Rs20. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms. The offer rate increased to Rs25 and the supply of monkeys became so little that it was an effort to even see a monkey let alone catch it. The man now announced that he would buy monkeys
at Rs50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him.
In the absence of the man, the assistant told the villagers. Look at all these monkeys in the big cage that the man has collected. I will sell them to you at Rs35 and when the man returns from the city, you can sell it to him for Rs50." The villagers squeezed up with all their savings to buy the monkeys.
Then they never saw the man nor his assistant, only monkeys everywhere!! !!
Thursday, August 2, 2007
hello :)
Hi Hut
It has been long that u got ur food of my scribblings... So here i am...
World has changed in the mean while isn't it!!
We have got used to Sensex hovering around 14 to 15K... India has got first lady president and india's first ISP was denied the post of delhi police commissioner... TRP of cricket match is again increasing and trimurti of indian cricket have been stayed from 20-20 world cup... Salman and Govinda has given a good movie after so long... Himesh has given a super hit too but that tag has been given by bought-out media...
And yes, kumar gaurav has joined HCL :) which even in the age of privatization is the most eligible candidate for nationalisation.. ;)
Anyways, india, world and job apart, things are improving.
:) I can cook chicken and it has been certified by few frnds... i'm yet to learn cooking rice though..
More about it and Bangalore later...
njoy!
It has been long that u got ur food of my scribblings... So here i am...
World has changed in the mean while isn't it!!
We have got used to Sensex hovering around 14 to 15K... India has got first lady president and india's first ISP was denied the post of delhi police commissioner... TRP of cricket match is again increasing and trimurti of indian cricket have been stayed from 20-20 world cup... Salman and Govinda has given a good movie after so long... Himesh has given a super hit too but that tag has been given by bought-out media...
And yes, kumar gaurav has joined HCL :) which even in the age of privatization is the most eligible candidate for nationalisation.. ;)
Anyways, india, world and job apart, things are improving.
:) I can cook chicken and it has been certified by few frnds... i'm yet to learn cooking rice though..
More about it and Bangalore later...
njoy!
Wednesday, March 28, 2007
Goa Trip
Got down at margaon bus stand and took cab to Colva beach.
Stayed at Colmar's Beach resort@colva beach.
Day 1: Hired bikes@300 perday, Spent evening in colba beach sea, Dinner close to leela beach
Day 2: Arambol beach, Sweet water lake, Baga beach and Fort Aguada, Calangute beach
Day 3: Palolem beach, Boat ride to honeymoon beach; Great sea food.
Back to mumbai by train@8:30PM
Points to note:
Aguada fort close at 5:30PM.
Colva is less crowded and is great place to live.
Palolem is best beach.. quite secluded.
Stayed at Colmar's Beach resort@colva beach.
Day 1: Hired bikes@300 perday, Spent evening in colba beach sea, Dinner close to leela beach
Day 2: Arambol beach, Sweet water lake, Baga beach and Fort Aguada, Calangute beach
Day 3: Palolem beach, Boat ride to honeymoon beach; Great sea food.
Back to mumbai by train@8:30PM
Points to note:
Aguada fort close at 5:30PM.
Colva is less crowded and is great place to live.
Palolem is best beach.. quite secluded.
Wednesday, March 21, 2007
Pheel it, Ride it, Forget it :P - A bike Trek
Mumbai -> Lonavla -> Koraigadh-Amby Valley on Pulsar with other 5 SPIKERS..
We did trekking up the shivaji's fort at night and spent whole night there feeling being on top of the world.. It was one of the most adventurous trip i ever had.
We did trekking up the shivaji's fort at night and spent whole night there feeling being on top of the world.. It was one of the most adventurous trip i ever had.
Tuesday, March 20, 2007
The persuit of happiness
Dear Blog
Thanks for being there and listening to me.
We are in constant search of the destination when we can call ourselves happy. How do we define happiness? I think it's being calm.. having three meals a day.. having someone who loves you as much as you do. On second thoughts all these things come from having money and good money... So what we contantly look for is money. But happiness doesnt come by having money. It comes with mental peace that no money can buy. Basically it's all screwed up interwoven thing.
"Life is a complete waste of time" reads a message on as friends instant messenger. So consider that true for a monent. If we all know the end:death then why waste time! My dad has two kids.. he has done his job making them employable. I'll have kids n i'll go over it as he did. May be i'll buy one more toy for him/her. So is life a waste of time... ! well... cant deny but one cant just turn off. As they call it "mrityulok".
Life is how we lead it. In constant search for happiness or feeling content and living each moment as it comes. Lets be aware that if we constantly look for happiness we'll never get it. It is because life is not good. Period of happiness are too short.. people deceive you, luck turns its back and things happen. So what do we do...
Detach yourself and earn as much money as you can...
And do plan to give something to those who really need it...
Persuit of happiness is never ending.. neither is happiness ever ending.
Signing off for now..
stay cosy!
Thanks for being there and listening to me.
We are in constant search of the destination when we can call ourselves happy. How do we define happiness? I think it's being calm.. having three meals a day.. having someone who loves you as much as you do. On second thoughts all these things come from having money and good money... So what we contantly look for is money. But happiness doesnt come by having money. It comes with mental peace that no money can buy. Basically it's all screwed up interwoven thing.
"Life is a complete waste of time" reads a message on as friends instant messenger. So consider that true for a monent. If we all know the end:death then why waste time! My dad has two kids.. he has done his job making them employable. I'll have kids n i'll go over it as he did. May be i'll buy one more toy for him/her. So is life a waste of time... ! well... cant deny but one cant just turn off. As they call it "mrityulok".
Life is how we lead it. In constant search for happiness or feeling content and living each moment as it comes. Lets be aware that if we constantly look for happiness we'll never get it. It is because life is not good. Period of happiness are too short.. people deceive you, luck turns its back and things happen. So what do we do...
Detach yourself and earn as much money as you can...
And do plan to give something to those who really need it...
Persuit of happiness is never ending.. neither is happiness ever ending.
Signing off for now..
stay cosy!
Tuesday, March 6, 2007
Tuesday, February 6, 2007
Speaking my mind
Dear blog
I had my last endterm exam at SPJIMR today. The 'heavy' subject was International economics & Finanace. As always it was a run against time and this time it was time's turn. But to hell with it!
I'm reaching the fag end of MBA course. 2/3 more months n bags will be packed. SPJain was a satisfactory experience.
--- Mumbai experience
Mumbai had been nice except of the bomb balsts in train and the floods of 26/7. I liked the local trains as had the 'opportunity' to travel by it several times. It's pain but for the time and money it's worth it. Situation should take good turm once the metro is in place joining central and western railways through northern mumbai.
It was my first stint at mumbai. I hated wada pav cause i dont like anything that remotely looks like bread. Doesnt mean that i dont eat it as compromises have to be made. Anyways, off late i've started liking vada pav . There is one shop behind our hostel next to apna bazar in andheri w. They make it lil spicy matching my taste.
Mumbai undoutedly has best cinema halls n malls and has lots of attraction points :P It's more of a culture shock and there seem to be no much difference in attitutdes of young boy n girls vis-a-vis their peers in western countries. It's open to a disturbing extent as of now. Good or bad, it will continue but it is definitely not good for the country overall. Divorces and depressions are going to be the order of the day in this part of the country going forward. Anyways!
More on my SPJain and personal experience later... see u after a break...
happy valentines day...
njoy!
I had my last endterm exam at SPJIMR today. The 'heavy' subject was International economics & Finanace. As always it was a run against time and this time it was time's turn. But to hell with it!
I'm reaching the fag end of MBA course. 2/3 more months n bags will be packed. SPJain was a satisfactory experience.
--- Mumbai experience
Mumbai had been nice except of the bomb balsts in train and the floods of 26/7. I liked the local trains as had the 'opportunity' to travel by it several times. It's pain but for the time and money it's worth it. Situation should take good turm once the metro is in place joining central and western railways through northern mumbai.
It was my first stint at mumbai. I hated wada pav cause i dont like anything that remotely looks like bread. Doesnt mean that i dont eat it as compromises have to be made. Anyways, off late i've started liking vada pav . There is one shop behind our hostel next to apna bazar in andheri w. They make it lil spicy matching my taste.
Mumbai undoutedly has best cinema halls n malls and has lots of attraction points :P It's more of a culture shock and there seem to be no much difference in attitutdes of young boy n girls vis-a-vis their peers in western countries. It's open to a disturbing extent as of now. Good or bad, it will continue but it is definitely not good for the country overall. Divorces and depressions are going to be the order of the day in this part of the country going forward. Anyways!
More on my SPJain and personal experience later... see u after a break...
happy valentines day...
njoy!
Thursday, January 25, 2007
India Poised: Let’s be game!
From “India Shining” campaign of 2004 to “India Poised” campaign of 2007 what has changed is the real face of India’s growth. Now it’s no more just in ink. GDP is growing at about 9%, Q3FY07 results of 340 companies so far show a growth of 35.52% in sales and 70.28% in net profit, FDI is expected to overtake FII in this fiscal and to top it all Sensex has grown by 250% since May 2004. We all are blessed to live in this period. Now it’s the time we contribute to the growth of India to bring back its status of Sone ki Chidiyaan.
The problem areas which can hamper the future growth are lack of infrastructure and education. Government is opening up investments in reality sector which is coupled with domestic investment. SEZ’s have been sanctioned and part of Forex reserves ($177Bn) is planned to fund infrastructure projects. So there is good amount of work being done to meet the funding requirement of $300Bn by 2010 for infrastructure projects. However what is totally lacking is the growth in public education and therefore the employability of the Indian youth. Growth of India can not be considered total inclusive as of now however it is little early to pass a judgment.
I see a lot being written in media doubting the growth and its sustainability. In my opinion what India needs a change is in the commitment level for the growth from leaders (politicians) and Indian citizens. Now that India is really growing, we need believers in this growth. It’ll be worst if we sit on the sideline looking skeptically at rising India. We all need to believe in this growth which is going to be there for long run and participate in it. It’s the turn of economy, it’s the point of inflection and it’s the period when India is all set to get its due. Let’s be game!
As we have seen it makes not much of a difference if congress or BJP is at the center. BJP’s policy of privatization/disinvestment was good but hasty; congress (read left’s) policy of slow privatization/disinvestment is cautious but enduring. So in all we need a commitment from our leaders for the long term growth. A case in point is the turn around of Indian railways. I don’t give whole credit to Mr. Lalu P Yadav but he deserves a massive portion of it just for his conviction to change. We have great Indian bureaucrats who can turn around any ailing system but they don’t have a pushing force. Mr Lalu acted as a catalyst when he shook up whole system asking for change. It’s precisely what we want.
To increase the commitment level of our ministers I urge PM to come up with specific performance targets for each ministry and make it public. Detailed planning should be left to head govt. employees in the ministry but the responsibility should totally be aligned to minister of the department.
To improve the commitment level of Indian citizens to growth we need a clear communication from leaders in media about the change. It’s high time that policies meet the ground realities. Whole system has to be made target driven with responsibilities assigned to the implementers. Moral and confidence of people need a push when our India goes on to take over biggies of the world.
Salute!
Monday, January 15, 2007
Ice Candy Boys goes to USA
It's everyones dream; it's everyones wish to salute uncle sam. It's 120% true for techies who get fat checks due to purchasing power parity of india vis-a-vis USA. The autumns of 2005 brough me an opportunity to touch california. My company was kind enough to send me with one of my friends for a short duration. Purpose was some technical meetings n knowledge transfer, however it turned out to be a paid vacation.
We took singapore airlines for return trip (with stopover at singapore n south korea). It was my first travel abroad and so my parents were more excited than i was.
We started journey to singapore and for the whole part of the journey i kept feeling that the plane is flying too low! Dont know which sense of mine helped me measure the distance! With a quick stopover at spore we boarded spore airlines plane to san francisco(SFO). We landed their on a morning.
My first impression of USA: Too bland and low on colors.. Impression didnt last too long though. SFO airport i wanted to use a public phone to call a frnd there. It needed change which we didnt have. I noticed a machine which read money changer. Since it was my first interaction with such a machine, i fumbled with it big time. But finally i got a change for 1$ note. The country seemed too automated.
We visited SFO city, LasVegas,LosAngeles(disneyland,hollywood) over our stay there on weekends.
All in all i didnt like USA much for more personal reasons. It's very lonely and too far from my dear ones. Money is too much a penalty to get to stay so far from them. USA is for few short visits to me. I cant even dream of being there for years.
We took singapore airlines for return trip (with stopover at singapore n south korea). It was my first travel abroad and so my parents were more excited than i was.
We started journey to singapore and for the whole part of the journey i kept feeling that the plane is flying too low! Dont know which sense of mine helped me measure the distance! With a quick stopover at spore we boarded spore airlines plane to san francisco(SFO). We landed their on a morning.
My first impression of USA: Too bland and low on colors.. Impression didnt last too long though. SFO airport i wanted to use a public phone to call a frnd there. It needed change which we didnt have. I noticed a machine which read money changer. Since it was my first interaction with such a machine, i fumbled with it big time. But finally i got a change for 1$ note. The country seemed too automated.
We visited SFO city, LasVegas,LosAngeles(disneyland,hollywood) over our stay there on weekends.
All in all i didnt like USA much for more personal reasons. It's very lonely and too far from my dear ones. Money is too much a penalty to get to stay so far from them. USA is for few short visits to me. I cant even dream of being there for years.
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