• This forum contains old posts that have been closed. New threads and replies may not be made here. Please navigate to the relevant forum to create a new thread or post a reply.
  • Welcome to Tamil Brahmins forums.

    You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our Free Brahmin Community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!

    If you have any problems with the registration process or your account login, please contact contact us.

India on Road to being a Superpower!

Not open for further replies.


India had a glorious civilization in the past and its great achievements for the benefit of humanity were interrupted by invasions in the last 1000 years first by the Muslim of the Middle East and later by the British colonialists of the Christian variety. For about 200 years the British colonialists drained India of all its surplus, its wealth accumulated over centuries were plundered, looted and taken away to Britain. The second world war weakened the plunderers physically and economically and the thirst of the Indians for freedom from bondage was to erupt violently. Seeing the writing on the wall, the British colonialists hastily partitioned the country on religious basis and handed over the 'Hindu' India to their vassals who claimed to be above religions (read secularists) but later proved to be bent on suppressing the Hindus and courting non-Hindu vote banks and continued the divide and rule policy of their erstwhile masters by other means by ruling the roost with a culture of corruption and deception.

In spite of them, with an end put to the expropriation of the surplus of production being patriated to Britain, there has been slow and steady capital formation. Despite suffocating corruption practiced by the ruling clique that is perpetuating a dynastic rule, India is marching towards prosperity and the reassertion of its lost glory. This proves its resilient ability to reassert its ancient democracy (Dharma), opportunity for all (Purushartha) and as a beacon tower for the spiritual advancement (Moksha) of the aching and yearning hearts of the masses.

It is my intention to list in this thread news of our achievements which achievements that are bound to enable us to seize the lead in the march of nations and humanity in the 21st century,

I invite fellow members of the forum to post past and present achievements in the onward march of our nation.

Last edited by a moderator:
PSLV places record 10 satellites into orbit​
Sriharikota, April 28: Setting a world record, India's Polar rocket on Monday successfully placed ten satellites, including the country's remote sensing satellite, into orbit in a single mission.
The ten pack launch of the Indian Space Research Organisation (ISRO) saw the 230-tonne Polar Satellite launch Vehicle (PSLV-C9) carry the heaviest luggage - 824 kgs - and put into orbit an Indian Mini Satellite and eight foreign nano satellites besides the Cartosat-2A remote sensing satellite.
At the end of the 52-hour countdown, the PSLV-C9, with alift-off mass of 230 tonne, blasted off from the launch pad at the Satish Dhawan Space Centre and soared into the clear sky in a textbook launch.
Fourteen minutes after lift off, the fourth stage of the ISRO's workhorse launch vehicle, in its 13th flight, injected the ten satellites, into the 635 km polar Sun Synchronous Orbit (SSO).
This is for the first time that ISRO has put ten satellites in orbit in a single launch. This is also PSLV's twelfth successful flight.
It is for the first time in the world that ten satellites were launched in a single mission. Russia had earlier launched eight satellites together.
Besides the 690 kg Indian remote sensing satellite CARTOSAT-2A and the 83 kg Indian Mini Satellite (IMS-1), the rest eight Nano Satellites were from abroad.
This is the third time, the PSLV has been launched in the core alone version, without the six solid propellant first stage strap-on motors.
Terming the launch "satisfactory", ISRO Chairman G Madhavan Nair said "all parameters worked wonderfully well." "It is a proud moment for ISRO as it put 10 satellites into the orbit in a single launch and I am extremely proud of the entire team," Nair said.
He said initially there was some anxiety about the weather conditions but "thankfully everything went well".
Mission Director Dr Kosy said the launch proved that the PSLV was dependable and capable.
"This has proven that the PSLV can be depended upon and that puts more responsibilities for us in the next coming Chandrayan mission," Kosy said.
CARTOSAT-2A which was put in orbit by PSLV-C9 is the latest state-of-the-art remote sensing satellite weighing 690 kg, carries a Panchromatic Camera (PAN) capable of taking black and white pictures in the visible region of electromagnetic spectrum. It would be used for mapping purpose and management of natural resources.
The IMS-I, developed by ISRO for a remote sensing, has two optical payloads--a mutispectral camera (Mx Payload) and a Hyperspectral Camera (HySI Payload), which would operate in the visible and near infrared regions of the electromagnetic spectrum.
The eight Nano Satellites, built by universities and research institutions in Canada and Germany, were launched under a commercial agreement.
The satellites, with a total weight of about 50 kg, were built to develop nanotechnologies for use in satellites and for the development of technologies for satellite applications.
(Courtesy: The Indian Express; April 28, 2008)
Indian billionaire club to be world's biggest'​
New York, April 27: Ten years from now, India will have more billionaires than any other country in the world, says a poll by American business publication Forbes.
According to the Internet poll being conducted by the magazine, which lists the world's richest billionaires every year, more than half of respondents believe that India will have the maximum number of billionaires in 2017.
As per the latest Forbes list of world's billionaires, published last month, India is the fourth largest in the world in terms of billionaires population, while US continues to top the rankings
However, according to the online poll on Forbes' website, where over 11,800 votes were cast at the last count, only 17 per cent of respondents believe that the US would have the most billionaires in 2017.
In comparison, the maximum -- 53 per cent -- believe it would be India at the top in terms of number of billionaires.
The second highest number of votes has gone in favour of China at 20 per cent, while the US comes at the third position, according to the latest poll data.
None of the other countries has so far managed to garner a vote of more than 10 per cent. Russia comes at fourth position with three per cent, while Brazil, Canada, Germany, Japan and the United Kingdom have one per cent each. So far, virtually no vote has been cast for France having the maximum billionaires in 2017.
The Americans now account for 42 per cent of total 1,125 billionaires in the world, down from 44 per cent in 2007.
Their dominance seems to be diminishing, Forbes had noted last month, saying that half of world's 20 richest were from the US two years ago, but there are only four now.
(Courtesy: The Indian Express; April 27, 2008)
Digital wave: Army gears up for cyber warfare​
New Delhi: Guarding the borders, battling militants and training for blitzkrieg battles is just not enough now. Facing mounting attacks in the virtual world, the Indian Army is now gearing up for battles in the digitised battlefield as well.
The ongoing army commanders' conference, chaired by General Deepak Kapoor, has decided to boost the "cyber-security" of its information networks right down to the level of divisions, which are basically field formations with over 15,000 troops.
Apart from creating cyber-security organisations down to the division-level to guard against cyber warfare and data thefts, the Army top brass has also underlined the urgent need for "periodic cyber-security audits" by the Army Cyber Security Establishment (ACSE).

"The most advanced armies in the world like the US one also face 3,000 to 4,000 attempts a year to hack their networks. As our Army boosts its infotech levels, we also become more vulnerable to such threats. Future conflicts will be fought by 'networks'," said a senior officer.
Both China and Pakistan, for instance, are bolstering their cyber-warfare or information warfare capabilities at a rapid clip. China, in particular, has made cyber-warfare one of its topmost military priorities, with Chinese hackers breaking into sensitive computer networks of the US, UK, Germany and even India on a regular basis.
"By crippling or destroying an adversary's economic, communication and strategic networks and infrastructure, cyber-warfare can even prove more deadly than ballistic missile strikes. It can, for instance, be in the form of denial-of-service cyber-attacks and paralysing computer viruses," said another officer.
The Indian armed forces, of course, are also trying to hone their information warfare weapons as well as enhance their C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) capabilities.
The tri-service integrated defence staff, on its part, has also come out with an information warfare doctrine. But the progress is slow compared to the infotech boom in the civilian arena.

Even as the armed forces take some strides forward on the infotech superhighway, the need to protect their own systems from cyber-attacks of hostile forces is increasingly being felt.
(Courtesy: The Times of India; May 2, 2008)
To bust stress, CRPF jawans to undergo yoga therapy​
Rakesh K Singh​
New Delhi: Alarmed by the increasing job stress levels and environment-related diseases within its ranks, the Central Reserve Police Force (CRPF) is resorting to traditional meditation techniques to tone up the health of its personnel who are mostly deployed in high-stress insurgency and Maoist-affected areas across the country.
The CRPF, world's biggest paramilitary force, is planning to train 800 of its personnel in yoga under Baba Ramdev as master trainers, who in turn will train the entire force in order to bust stress through spiritual path.
As part of the stress management efforts, the CRPF personnel are also being detailed to undergo "Stress Education and Effective Decisions" Programme (SEED), organised by Rajyoga Education and Research Foundation, Mount Abu. About two dozen CRPF personnel have so far attended the course at the foundation's Gurgaon and Mount Abu centres.

Besides, Art of Living Course has also been introduced in the Central Para-Military Forces (CPMFs). Initially, 200 companies of the CPMFs deployed in Jammu & Kashmir and North-Eastern sector were imparted training in the course.
As many as 170 companies of the CRPF have been earmarked to undergo the course out of which 146 companies have been imparted training. According to the feedback of the course, there was a positive impact on the forces' personnel and the remaining companies will undergo training in the course shortly.
Likewise, the IL&FS Education and Technology Service has conducted a course called 'Pragati Ke Path Par' at two locations of CRPF and 954 personnel of CRPF were trained at Gandhi Nagar and New Delhi. A course on Sanjivini is also being conducted at the group centres of CRPF to develop the personality of its personnel and their wives.
The CRPF book on operational profile of 2007 says about 14 per cent of the force is afflicted by either of a range of diseases, including diabetes, heart disease, hypertension, psychiatric problems, tuberculosis, malaria and hepatitis due stress or environment-related factors.
While suicides within the para-military force have increased from 19 in 2005 to 44 in 2007, fratricidal killings have also doubled from five in 2005 to 10 in 2006 and 2007.
Reasons for the increasing level stress and related diseases include staying away from families, insufficient family accommodation, high mobility, threat to life, inadequate compensation for extra hardships and risks, prolonged duty hours, poor living conditions and insufficient logistics.
The 2.67 lakh-strong CRPF has 200 operational battalions out which personnel suffering from low backache, heart diseases and hypertension more than doubled from 6,241 in 2005 to 13,207 in 2007, 413 cases in 2005 to 891 instances in 2007 and 3031 in 2005 to 6,184 cases respectively.
Cases of diabetes increased from 2,424 in 2005 to 2,602 in 2007 and the number of those suffering from psychiatric ailments surged from 573 in 2005 to 716 last year. Likewise, cases of tuberculosis have also more than doubled from 248 in 2005 to 507 in 2007.
While instances of malaria have increased from 1,875 cases in 2005 to 3,012 in 2007, the number of hepatitis patients within the CRPF ranks increased significantly from 796 in 2005 to 2,453 in 2006 but spiralled down to 611 in 2007, according to the CRPF book on operational profile for 2007.
(Courtesy: The Pioneer; May 2, 2008)
India test fires Agni-3 missile
Thursday May 8 2008 00:00 IST PTI
BALASORE: India on Wednesday test-fired the 3000 km range surface-to-surface nuclear capable Agni-3 missile from the Wheelers' island off Orissa coast.

The Intermediate Range Ballistic Missile (IRBM) was test-fired from a mobile launcher from the Launch Complex (LC-4) of the Integrated Test Range (ITR) at about 0956 hours, Defence sources said.

The 16 metre-long and 1.8-metre wide missile roared into the sky in a vertically slanted position leaving behind a thick column of orange and white smoke and, within seconds, became invisible to the naked eye, an eyewitness said.

Agni-3 missile is fitted with on-board computer for its guidance system. A battery of sophisticated radars, electro -optic tracking systems, telemetric data centres in the mainland apart from two naval war ships anchored near the impact point, were engaged to monitor the entire trajectory in Wednesday's test launch.

"The test result will be known after detailed analyses of the flight data recovered," the sources said.

Weighing about 48 tonnes, the Agni-3 missile was first test-fired on July 9, 2006 but it failed to meet its mission objectives due to cascaded failure of booster flex nozzle controller. However, during the second test conducted on April 12, 2007, the entire flight path of 15 minutes duration validated all mission objectives, they said.

Though Defence scientists had planned only three tests of the missile before its induction, more tests would now be required to prove its robustness due to the failure of the first test flight, Defence Research and Development Organisation (DRDO) sources said.

Agni-3 is the country's first solid fuel missile that is compact and small enough for easy mobility and can be easily packaged for deployment on a variety of surface and sub-surface platform.
One cannot turn a corner without bumping into an Indian. Even on Mars! As the world watched, the Mars Exploration Rovers undertook detective work on the red planet, guided by computer software developed by a National Aeronautics and Space Administration (NASA) team lead by Kanna Rajan. And the team responsible for the entry and landing of the twin rovers - Spirit and Opportunity - is also headed by an Indian American, Prasun N. Desai. Desai, an aerospace engineer at NASA's Langley Research Center, Va, who led the team which supported the Jet Propulsion Laboratory, explains: "The system that we contributed to was the entry, descent and landing system for MER, determining how we bring this Lander safely down; It was just a completely amazing experience - putting a system like this together to make it successful trying to land on another planet." By Lavina Melwani in www.littleindia. com
The ancient Hindu in them in still alive and kicking!

The coastal Killai village, near Chidambaram (Tamilnadu, Bharat) sports a temple for Tamil folk Goddess of protection, Sri Maha Mariamman. Smt M Bashiribi (48), wife of Shri Mohmed Jinnah (55), a tea stall owner, performs daily puja and rituals like any Hindu priest. The couple built the temple 10 years ago. It all started with a dream Bashiribi had about a decade ago. She was anxious to know the meaning of her dream and approached a few oracle tellers. She was told that Amman (goddess Durga) had appeared in her dream. The oracle tellers suggested that the family build a temple for Amman. Subsequently, Jinnah and Bashiribi built the shrine at Mosque Street in the village at a cost of Rs 2 lakh. They installed a three-foot idol of the presiding deity and a panchaloha idol. They also spent Rs 1.5 lakh for kumbhabhishekham. However, the going had been tough. The couple earned the wrath of relatives for chasing their temple dream. In fact, a few relatives deserted Jinnah and Bashiribi after failing to convince them against building the temple.
Based on a report by Shri. P Arul in THE NEW INDIAN EXPRESS May 26 2008
It's easy to miss Samkalp Bhavan in Paharganj's Aram Bagh (New Delhi, Bharat), on a narrow street dotted with small buildings. But residents say the Bhavan, run by the Rashtriya Swayamsevak Sangh (RSS), is always buzzing with activity, especially during that time of the year when young Civil Services aspirants, having cleared the two stages of the examinations conducted by the Union Public Service Commission, throng here for mock interviews and later for orientation camps. "We serve free food to students while they train here for the interviews. Even the fees are nominal. It's a social service initiative to help students from disadvantaged sections," Anand Kumar, coordinator, Samkalp, says. Samkalp, set up in 1986, also offers coaching for the Civil Services Mains examination for a paltry sum of Rs 5,000. For the exams in 2007, as many as 825 out of 1,875 examinees called for the final interviews enrolled at Samkalp for mock viva voce classes. 295 of them had made it to the Civil Services. A maulana from the Darul-Uloom- Deoband in Uttar Pradesh has passed the civil services exam, in his fourth attempt. For his interview, the maulana took training from the Rashtriya Swayamsevak Sangh (RSS)-run institute Samkalp. About his experience at the RSS-run Samkalp, Rehman said, "I did not feel any bias. They are doing a good job," he said.

Based on a write up by Shri. Mateen Hafeez in the TIMES NEWS NETWORK
Most students in Pakistan are surprisingly keen to learn about Hinduism, despite the hostility that has prevailed between their country and India in the previous sixty years. According to Dr Smt. Maureen Korp, as art critic and a religious studies scholar based in Canada, the students in Pakistan were different to the ones she was used to teaching in Canada. Korp, who is visiting Lahore at the invitation of the Beaconhouse National University (BNU), Lahore (Pakistan), said she had given an assignment to her students in which they were asked about religions including Hinduism, Islam, Buddhism, Christianity and Judaism. "Surprisingly, I found that most students were keen to know about Hinduism despite the enmity, which India and Pakistan have," the Daily Times quoted her, as saying. An author of two books, Korp received her doctorate from the University of Ottawa and has won various academic awards.
Based on an ANI report, May 26 2008.
Thanks due for the above four reports to:
Media Centre,
Vishwa Samvad Kendra,

Govt warns about ill-effects of mobile phone radiation
Monday June 16 2008 12:06 IST PTI
NEW DELHI: Warning people about harmful effects of radiation from mobile phones, the government has asked service providers and makers to avoid promotional advertisements showing vulnerable segments like children and pregnant women using cell phones.

The electromagnetic waves emitted from mobile phones can seriously damage the tissues of the users' brain, according to recent guidelines issued by the ministry of telecommunication.

The draft guidelines suggested measures like limited usage of mobile phones by children, pregnant women and people suffering from heart ailments.

In India, the growth of mobile phones is very high and may cross 500 million by 2010-end, and a large chunk of the users are children. Many parents provide mobile phones to their children for safety reasons, and to keep connected with them all the time.

The guidelines say that mobile phones/radio terminals radiate radio frequency energy that heats up the tissues which may be possibly harmful to human health.

During use, mobile phones are usually kept closer to the ear which is very near to the brain giving rise to fears that continuous use of mobile phone for longer duration may damage some brain tissues.

The report advises people to use hands-free, if longer use is unavoidable and recommends that children below 16 should be discouraged from using cell phones as the tissues of children are tender and are likely to be more affected.

According to the report, use of mobile phones/radio terminals by persons, using medical aids such as hearing aids, defibrillators, pacemakers and other implants should be minimised.

The use of cell phones/radio terminals in vulnerable areas of hospitals such as intensive care unit (ICU) should be prohibited or restricted as decided by hospital authority.

The ministry has asked the manufacturers to provide the details of specific absorption rate (SAR) value for each hand set on websites or, if possible, on the handsets as well. The SAR value indicates average time for use of mobile phones that can be called harmless.

At the same time, the ministry has stressed on developing an effective system of health information and communication, designed by scientists, government, industry and public, to raise the level of general understanding about mobile phone technology.
Hollywood buys stakes in Bollywood film cos

CANNES: In the past two years, major Hollywood studios have made inroads into the Indian film industry by striking sizable deals with various Bollywood film corporations. Bollywood trade experts say that approximately Rs 400 crore from various Hollywood studios is committed to Indian film projects.

Disney got 33% stake in UTV; it is also partnering with Yash Chopra for a few animation projects. Sony is looking at a Rs 250 crore deal with Pritish Nandy Corporation. Warner Brothers is producing Nikhil Advani's "Chandni Chowk to China".

The deals, announced in Cannes by Amit Khanna, were brokered for the Reliance ADA group by Hollywood's Emanuel Nunez of the Creative Artists Agency. Speaking to TOI, Nunez admitted that perhaps two years ago, Hollywood might not have considered making such a sizable deal with India. "But the way India is poised today in the global film market is truly amazing," he said.
Chandrayan-1 mission likely to be launched in September: ISRO
Friday June 20 2008 09:53 IST PTI
HYDERABAD: G Madhavan Nair Chairman, ISRO and Secretary Department of Space on Thursday said that the Chandrayan-1 mision is likely to be launched in September. However, the final date is yet to be finalised, he added.

Madhavan Nair who was in Hyderabad to deliver the National Technology day lecture on "Indian space programme- future perspectives" organized by the Andhra Pradesh Academy of Sciences held at NGRI said that ISRO is preparing for several launches next year.

He said that there will be four to five major launches including the launch of Indo-French joint mission of 'Megha Tropiques' (satellites relating to atmosphere physics metrology).

In addition, a radar imaging satellite called Risat, astronomy satellite, Astrosat besides two commercial launches are on the anvil, said Madhavan Nair, who was speaking to media persons on the sidelines of the lecture, adding that India wants to maintain its leadership in earth observation communication and navigation satellites in future.

Replying to queries from reporters regarding an arrest of Indian it person for leaking USA-based secret information to India, in which ISRO was also named, Madhavan Nair refused to comment on the same.
India beats UK in number of science PhDs

India may have a long way to go before becoming a global powerhouse in science but there’s some reason to celebrate. India has pipped the UK, a biotech power, and left far behind electronics giants South Korea and Taiwan in the number of science doctorates it generated from 1983 to 2003.

Between 1983 and 2003, India’s science PhDs went up from 3,886 to 6,318, while it went up from 2,430 to 3,780 in the UK. South Korea, which began with 281 PhDs, surged to 3225, while Taiwan began with 8 and closed at 202.

Source: Times of India
Growth of millionaires in India fastest in world
Wednesday June 25 2008 17:12 IST IANS
NEW YORK: In a sign of growing entrepreneurship and an expanding corporate sector, India created millionaires at the fastest pace in the world in 2007, according to a new report.

India added 23,000 millionaires in dollar terms last year to its 2006 total of 100,000, according to an annual Merrill Lynch Capgemini report that compiles such financial data for its wealth and asset management purposes.

“India led the world in HNWI (high net worth individuals) population growth at 22.7 percent, driven by market capitalisation growth of 118 percent and real GDP (gross domestic product) growth of 7.9 percent. Although India's real GDP growth decelerated from 9.4 percent in 2006, current levels are considered more stable and sustainable,” the report said.

The number of people around the world with at least USD1 million in assets passed 10 million for the first time last year, marking a 6 percent increase from the previous year. This growth, however, was lower than the 8 percent recorded from 2005 to 2006.

The millionaires' bank accounts swelled too in 2007, the report released Tuesday said.

The combined wealth of the 10 million millionaires grew to nearly USD41 trillion last year, which is 9 percent more than in 2006. That means their average wealth was more than USD4 million, the highest it has ever been. Home values were not included in asset totals.

“The growth of their wealth is outpacing the growth of their population, and that's a trend that's going to continue in coming years,” said Ileana Van Der Linde, a principal with Capgemini.

Besides India, two other developing economies, China and Brazil, were also growing millionaires at a high rate, albeit the US continues to lead the list. One in every three millionaires in the world lives in America while Africa, the Middle East and Latin America together account for just one in 10.

The birth of 600,000 new millionaires last year did not surprise economists. Brian Bethune, an economist with Global Insight, was quoted as saying that inflation and the expansion of the world economy accounts for the growth. Besides, the dollar is worth less now.

The report noted steady growth in world economies in the first half of 2007 before the US housing and credit crises started taking their toll in the second half. Emerging economies remained largely unaffected though.

In a time of economic slowdown, the rich are seen to shift their money to safer investments such as bonds and money-market savings accounts, taking it away from investments such as real estate, the report found.

Cash deposits and fixed-income securities accounted for 44 percent of the assets of the world's millionaires, an increase of 35 percent over 2006.

By 2012, the wealth of the world's richest is projected to reach almost USD60 trillion.
The confession of a finance professional

M R Venkatesh

Every morning in the southern part of the country, mostly in my home state of Tamil Nadu, hundreds of astrologers sit below a shade, usually a tree and predict the future of their 'clients'. Their tool is a caged parrot. The mechanism - the parrot when allowed to come out of the cage is trained to pick one booklet from many that the astrologer spreads out.
And based on the clues printed in that particular booklet the astrologer predicts the future of his clients. Mostly the questions are predictable - problems relating to cash flows, business, finance, health, children and of course marriage. Years of experience has taught the astrologer to give non-standard yet satisfactory replies to these standard questions even to the most intelligent clients. Interesting, isn't it? Or is it mastery of the human psyche?
Cut to the metros. Every morning across the country, we the finance professionals begin our work as meticulously as the parrot-astrologers mentioned above, but with a crucial difference. Instead of the parrots we use laptops, and instead of the unsophisticated printed booklets, we rely on Microsoft office.
Without Excel spreadsheets and Power Point we will instantly be rendered hors de combat. Ask us any question about anything we will answer you only through these tools - even if it means introducing ourselves, our company or our services. We will use jargons or acronyms even for silly things. We have our own grammar for our operations.
The idea is to bamboozle our clients and give them an impression of being in a hurry. If a client is a multi-product company we would advice them on de-merging and concentrate on core competencies. If it is a single product company we would ask them to diversify to de-risk themselves. Never mind, in both cases we are actually experimenting with our clients at their cost.
And should a client have a rupee term loan we would advice them on a foreign currency loan and exactly the reverse should they have a forex loan. For the former we would predict the depreciation of the dollar, for the latter, the appreciation of the dollar. Who said cheese for the goose is cheese for the gander?
If we find a non-finance professional on the other side of the table we reckon that they are lambs to the slaughter. When we encounter fellow finance professionals on the other side, things are no different. After all, he would be compassionate to our cause, understand our jargons and empathise with our constraints.
In effect, others' ignorance (or their negligence) is our strength. We sell from the mundane to the complex, in the process warranting far above what we can deliver, causing much more havoc than what the clients could have ever imagined and charging much more than want is apparent. Welcome to the world of finance professionals and consultants.
You dream, we make money
We understand the fundamental human psyche far better than any other professionals with the sole exception of the parrot astrologer. We know the proclivity of businessmen to make quick money and the power of greed. We love such people. In fact, we encourage them to dream big, bigger and better. After all when you dream it is money for us.
Most of you don't waver. But if some of you do, we have the ready quotes of Shiv Kheras and Robin Sharmas of the world to motivate you, chosen with outmost care to be quoted out of context. Added to these are the real life stories of Narayana Murthys and Aziz Premjis. And when all these weapons are used, most of you fall. Only the extremely lucky escape from the heady brew that we concoct.
So, to a small timer we will recommend public issue. From being a partner of a small firm or to a private limited company, we play on his psyche and encourage him to go for a public issue. If his capacity today is 1000 MT, we easily work his profitability for 100,000 MT, never mind the availability of raw materials or ability of the person to market or any other fundamentals. Naturally profits one-hundred times the present levels can excite even a saint. Why talk of lesser mortals?
Surely, Excel spread sheets has made life easy for us. But to make life far simpler we have ready made templates, of course, with the usual disclaimers to cover our backs should something go wrong. Yet we occasionally goof up by denominating steel in litres or some liquid chemicals in meters. Our clients are very understanding - they do not find fault with us. How can they when we have bamboozled them in the first instance?
Our fundamental mantra is to calculate the earnings before Depreciation, Interest and Tax. Then we extrapolate such calculations to the next few years adjusting the prices to what we think is 'reasonable' , never mind that the commodity prices are gyrating by the hour. If we decide, a four per cent variation can be serious. In the alternative a 40 per cent can be immaterial.
But if you still understand what we do, we will talk in terms of IRR, cash flows, MAT, dividend tax, tax-shield, leverage etc so as to flummox anyone. Management of most corporates wastes millions of precious man hours to check and recheck all these as if it were Bible, Koran and Veda all rolled into one. When all these happen, no wonder, we chuckle in front of you and have a hearty laugh behind you!
The next step is to approach banks for financing or other non-conventional lenders viz. venture capitalists and Private Equity. Here it is very easy for us. Since we have our own people on the other side of the table speaking our language, jargons and lingo, it becomes so easy. As we try to sell the dream of our clients, the finance professional sells his 'products'. And it takes two to a tango. Isn't it?
For us short term is few hours. Long term is a few days. And when something goes wrong we blame everyone from Bush, Iraq, Oil, Pakistan, Taliban and for that matter everyone except ourselves. And when people succeed we ensure that media covers the same adequately. On such occasions naturally we act with extreme alacrity and appropriate the credit.
Our relationship with these lenders means that it only we who can get you the funds or the facility. And when things go bad, it is only we who can bail you out. It is only our restructure package that will be accepted by these lenders. In tennis parlance - it is game, set and match for us. In chess, it is check and mate.
Horse multiplied by an ass is equal to a pig
The earnings of 30 companies that determine the BSE index is approximately Rs 1000 crores. We multiply the same with a price earning (PE - the Holy Grail) multiple of say 12 or 15 or even 21 to arrive at the BSE index. Much as all this is voodoo economics, when it is a bull market we point to markets that have a higher multiple and justify such higher prices. When it is a bear market we point out to markets with lower PE multiples to justify the market prices of shares. Either way you will lose.
Worse still, we move from channel to channel and from columns to columns using charts and what not to justify either the rise or fall in stock markets. And for the past six months we have first suggested resistance to NSE at 5,800, then at 5,400, then at 4,800, subsequently at 4,400.
In the process we had encouraged every small investor to stay invested. When all these levels have been broken, we have now suggested 3,700 little realising that an umbrella is of no use when you face a tsunami. Yet we continue without any shame or remorse to pontificate. How can you shame the shameless?
And when people survive all these, we tutor them to repurchase their shares or better still de-list. And should they have surplus cash even for a movement we move in silently as the big cats move in for their kill and make the gullible invest in commodities, real estate or some other exotic markets.
Better still, we advice on mergers or amalgamating with some other companies or better still sell the stake to others. Yes, in all these transactions we are interested.
And on all these, whether you make profit or loss, we would ensure that we make money first-up. Naturally, we see money in every transaction, why every part of a transaction. We would encourage one set to sell and other set to buy, and broker the deal both ways. Of course we do profit both ways. Did I hear that dirty word called ethics? Remember, we see value in everything except in values themselves.
But what is surprising is that despite what we do blatantly remains beyond the comprehension of many. Consequently as a class we remain un-critiqued. No wonder as the cliche goes, what is obvious is usually the most oblivious. This allows us, like the astrologer in the streets of South India, to endlessly play on the psyche of men and their greed.
PS: We believe, we can sell anything to anybody and buy anything from anybody. If only the PM had hired us, we would have sold even the nuclear deal to the Leftists.
The author is a Chennai based Chartered Accountant.
`Algae can rein in climate change'


Thu, 17 Jul, 2008,10:36 AM . As the world mulls the question of how to satisfy a seemingly endless appetite for energy and still slash greenhouse gas emissions, researchers have stumbled upon an unexpected hero: algae.

So-called micro algae hold enormous potential when it comes to reining in both climate change.

. Since they naturally absorb large amounts of carbon dioxide, as well as energy production, since they can easily be converted to a range of different fuel types. "This is certainly one of the most promising and revolutionary leads in the fight against climate change and the quest to satisfy energy needs," said Frederic Hauge, who heads up the Norwegian environmental group Bellona.

The idea is to divert exhaust spewed from carbon burning plants and other factories into so-called "photobioreactors," or large transparent tubes filled with algae.
When the gas is mixed with water and injected into the tubes, the algae soak up much of the carbon dioxide, or CO2, in accordance with the principle of photosynthesis.

The pioneering technique, called solar biofuels, is one of a panoply of novel methods aiming to crack the problem of providing energy but without the carbon pollution of costly fossil fuels -- with oil at record high prices -- or the waste and danger of nuclear power.

Studies are underway worldwide, from academia in Australia, Germany and the US, to the US Department of Energy, oil giant Royal Dutch Shell and US aircraft maker Boeing.
This week alone, Japanese auto parts maker Denso Corp., a key supplier to the Toyota group, said it too would start investigating, to see if algae could absorb CO2 from its factories.
Why India might overtake China

July 18, 2008

It has only been a few years since Asia bulls have been touting the arrival of the Chinese Century, citing that nation's enormous potential.

Now, get ready for predictions of the India Century.

That, in fact, was the title of a recent white paper by the Chicago-based consultancy Keystone-India, founded by a group of top economists from Ernst & Young who believe that India is on track to surpass China in growth. "We believe this is India's moment," declares Keystone Chief Economist William T Wilson.

China has a two decade-long track record of 9.5% average annual growth, exports 10 times as much as India, and dwarfs India as a magnet for foreign investment.

By contrast, India has achieved an annual growth rate of 7% or higher only seven times in the past two decades. And largely because of its unruly politics and stifling bureaucracy, it wasn't long ago that economists bemoaned the "Hindu growth rate," implying the nation is simply culturally incapable of achieving high growth.

Even under Keystone's projections, India wouldn't match China's current hypergrowth rates for at least another 15 years. And even by 2050, China's economy would be bigger measured in US dollars.

But longer term, Keystone contends India will be in a stronger position. It projects that China's average annual growth will peak at 8.8 per cent over the next five years, and then gradually trend downward to under 7 per cent in the 2020s and around 4% by the 2040s.

India's annual growth is projected to rise to around 7.3 per cent by 2010 and stay over 7 per cent until the mid-2030s, and still be in the 6% range until 2050.

What's more, Wilson contends that Keystone's forecasts are conservative.

Why is Keystone so bullish? Some of the key reasons:


The biggest reason India has more long-term growth potential is simply that its population is younger and is growing more quickly than China's. Currently, China has 300 million more people than India.

But because of its very low birth rate, largely due to the one-child policy, China's population is expected to peak at around 1.45 billion by 2030.

India's population is expected to increase by 350 million by 2030, more new people than the US, Western Europe, and China combined. India will have 200 million more people than China by midcentury.

What's more, China's population is aging rapidly. As a result, the number of working-age Chinese is projected to peak in 2020 and start declining steadily thereafter, while India's workforce will keep growing for at least four more decades.

However, India's fertility rate also is declining, meaning future families will have fewer children to support and more to spend on consumption.

Development experts call this combination of a growing workforce and declining fertility a 'demographic dividend,' which helped power explosive economic growth in East Asia's Tiger economies from the 1960s through the early 1990s.

Capital Efficiency

The big driver of China's economic growth has been massive investment, equal to 40% to 45% of gross domestic product a year, an extraordinarily high rate on world standards and twice the percentage of India's.

In 2004, investment in China was equal to half of its $1.5 trillion in GDP. In that context, China's 9.5% growth rate that year shouldn't be too surprising.
"It is staggering how much investment was needed to power Chinese growth in recent years," Wilson notes. "Any nation investing half of GDP in fixed-capital income looks a lot like pre-crisis Asia."

India, however, gets much more bang for the rupee. It has achieved 6% average growth with an investment rate half that of China's, around 22% to 23% a year.

Investment Growth

Many signs point to big increases in investment in India, Wilson says.

In fact, he estimates investment in India could reach 35% of GDP within a decade, which would enable it to match China's 9% plus growth. One reason is that the savings rate in India rose from 23.5% of GDP in 2001 to 28.1% in 2004.

And because of its growing workforce and the decline in family size, India's savings rate should continue to rise to a projected 37% in 20 years.
Since investment is highly correlated to domestic savings, that should translate into higher investment and economic growth.

Meanwhile, the rapidly aging population of China means that its savings rate also is likely to drop in the future, as it has in most other nations with graying workforces.

Second, India thus far has gotten by with minimal foreign investment. Keystone notes that in the past four years alone, China has drawn $200 billion more in foreign investment.

However, India is planning to open up many long-protected sectors that have great allure to foreign investors and that could draw huge inflows of money.

They include telecom, where Indian demand now is growing even faster than China's, commercial real estate, and department stores. Although some of the reforms have stalled recently due to domestic political opposition, Wilson believes the government will prevail.

"If you look at the institutional changes and the number of industries that have liberalised over the past five years, the pace has been phenomenal, he says.

Wilson predicts India's real estate sector will draw a huge influx of money from foreign hedge funds, and liberalisation of retail will be 'the real big bang' for the economy.

New Entrepreneurs

Indian industry so far has been led by many of the big business families and conglomerates that dominated when India was still a quasi-socialist, heavily regulated economy.

They generally have done a good job of taking advantage of new opportunities offered by liberalization since the early 1990s. But the more dynamic companies in India are smaller ones that are led by new generations of entrepreneurs who take greater risks or are more connected to the global economy.

These new companies also have more creative managers, argues Debashis Ghosh, another Keystone partner who worked at Ernst & Young.

Keystone focuses on researching mid-sized Indian companies with $10 million to $100 million in annual sales.

"The bigger companies are still led by oldschool types who used to depend on access to government and got huge when there was nobody else in the game.

"Because they had scale, foreigners had to deal with them," says Ghosh.

"Now, though, the top talent from the Indian Institutes of Technology and the Indian Institutes of Management are flowing into the mid-sized sector. That is like getting a management team of all Wharton and Massachusetts Institute of Technology grads."

As a result, he contends that the Indian companies of the future are more dynamic than those of China, where management tends to be weak.

Higher Productivity

India has averaged respectable productivity growth of 2.5% a year over the past two decades. But that can grow sharply, thanks to liberalization of many industries, a literacy rate that has risen from 18% in 1951 to 65% now, and India's rising openness to foreign trade, which has jumped from 15% of GDP in 1991 to 26% now.

Manufacturing Surge China dwarfs India as a manufacturing power, especially for export.

And it will be a long time before India, with its inadequate infrastructure and components supply base, will be a serious export rival. But in recent years, India's domestic manufacturing industry has been growing strongly.

What's more, a number of Indian companies are especially strong in high-end manufacturing, such as auto parts, power generators, and medical equipment, that requires a lot of engineering.

In terms of quality and efficiency, several Indian auto parts companies are on par with the US.

"If you look at engineering work across the board, in industries from pharmaceuticals to telecom, what India is doing is an order of magnitude beyond what China is doing," says Keystone's Ghosh.

Anyone who visits both countries today may find it hard to imagine India overtaking China in economic performance.

But when you look at the fundamental drivers growth in the workforce, fixed investment, and productivity -- over the long run the prospect looks a lot more plausible.


may i please put in my utmost cautionary thoughts on the keystone article

- first the demographics: the increase in population won't be our community. we will be further marginalized, i think, along the lines of parsis, with even lesser percentage and hence lesser clout

- based on the current trends, the increase in population will most likely come from the minorities mainly muslims, who are still into having large families, thus altering our demographic balance out power and its resulting social consequences

- the most catastrophic way of looking at this - another 350 million mouths to feed. as such we have problems feeding our 1.1 billion. are we comfortable that we can feed more in a way that behooves a developed country?

sometimes, i feel, the western analysts, especially the consulting ones, may have failed to consider the socio religious poverty aspect of our country when making these predictions.

thank you.
Last edited:
From Times Online

September 23, 2008
CEO murdered by mob of sacked Indian workers

Rhys Blakely, Bombay

Corporate India is in shock after a mob of sacked workers bludgeoned to death the chief executive who had dismissed them from a factory in a suburb of Delhi.
Lalit Kishore Choudhary, 47, the head of the Indian operations of Graziano Transmissioni, an Italian-headquartered manufacturer of car parts, died of severe head wounds on Monday afternoon after being attacked by scores of laid-off employees, police said.
The incident, in Greater Noida, just outside the Indian capital, followed a long-running dispute between the factory's management and workers who had demanded better pay and permanent contracts.
It is understood that Mr Choudhary, who was married with one son, had called a meeting with more than 100 former employees - who had been dismissed following an earlier outbreak of violence at the plant - to discuss a possible reinstatement deal.

A police spokesman said: "Only a few people were called inside. About 150 people were waiting outside when they heard someone from inside shout for help. They rushed in and the two sides clashed. The company staff were heavily outnumbered."

Other executives said they were lucky to escape with their lives. "I just locked my room's door from inside and prayed they would not break in. See, my hands are trembling even three hours later," an Italian consultant, Forettii Gatii, told a local newspaper.
More than 60 people were arrested and more than 20 were in hospital yesterday.
A spokesman for the Federation of Indian Chambers of Commerce and Industry said: "Such a heinous act is bound to sully India's image among overseas investors."
The murder has stoked fears that outbreaks of mob rule risk jeopardising the subcontinent's economic rise.
In the most high-profile incident so far, thousands of violent protestors recently forced Tata, the Indian conglomerate that owns Land Rover and Jaguar, to halt work on the plant being built to produce the world's cheapest car - the £1,250 Nano. The move could result in nearly £200 million in investment written off.
Tata halted work three weeks ago, claiming it could not guarantee its workers safety at the factory in the state of West Bengal. In a rare show of support for a competitor, the billionaire industrialist Mukesh Ambani, one of India's most powerful businessmen, said that the Nano crisis showed how protestors were creating a "a fear-psychosis to slow-down certain projects of national importance."
Other companies, including Vedenta, the London-listed mining company, have encountered similar problems in India.
In a statement issued from Rivoli in Italy, Graziano said that some of Mr Choudhary's attackers had no connection to the company. It added that the chief executive was killed by "serious head injuries caused by the intruders."
"We absolutely condemn the attack," Marcello Lamberto, the head of Oerlikon Segment Drive Systems, which owns Graziano, said.
"This is by no means a regular labour conflict but is truly criminal action. The whole of Oerlikon Group is close to the family of Mr Chaudhary in this terrible moment."
Last edited:
World's longest rail tunnel in Kashmir



Srinagar: Jammu and Kashmir Governor N.N. Vohra Wednesday conducted an aerial survey of the upcoming 10.96-km Pir Panchal rail tunnel, which is set to become the world’s longest railway tunnel.

Considered the longest in the Indian Railway network, the tunnel from Banihal in the Jammu region to Lower Munda in the Kashmir Valley is estimated to cost Rs.24 billion (Rs.2,400 crores). About 95 per cent of the work is complete and around Rs.22 billion has been spent.

Railways to set up 3 wagon repair centers

The railway project comprises three sections - Udhampur-Katra, Katra-Qazigund and Qazigund-Baramulla, taken up at a cumulative cost of Rs.110 billion (Rs.11,000 crores).

The Qazigund-Baramulla section in the valley will have 15 stations and the Srinagar (Nowgam) station is billed to be, architecturally and aesthetically, the most beautiful station of the Indian Railways.

After the aerial survey, Vohra reviewed the progress of the Jammu and Kashmir railway project at a meeting of officers here.

When he asked about the job opportunities the project would provide to Kashmiri youth, Northern Railway authorities told Vohra that once completed, it would generate direct employment for 3,900 people in the valley, apart from many opportunities for indirect employment.

Railway officials told the governor that appointment letters had already been issued to 120 candidates, who were now undergoing training in different parts of the country.

Vohra was informed that a trial run on the Kakapora-Pampore-Nowgam-Badgam track in the Qazigund-Baramula section had already been conducted. The train has air-conditioned coaches with heating system and push-back seats.

The Katra-Qazigund segment of the project will have the third highest bridge in the world over the Chenab river at Arnas in Jammu region. The special feature of this section is that 80 per cent of the 148-km track would be covered by tunnels and 12 per cent by bridges, thus leaving only eight per cent open.

For ensuring adequate security for the railway project, the state government Wednesday sanctioned the appointment of 2,637 security personnel.
Lynch politicos if they don’t perform: Industry body

24 Sep 2008 05:10:00 PM IST

NEW DELHI: Furious with Union Labour Minister Oscar Fernandez for empathizing with workers who killed their boss , the business community on Wednesday said by that measure politicians who do not perform should be lynched. If we go by his argument then he should be lynched in his Constituency, if he does not perform, Indo-Italian Chamber of Commerce, Northern region chairman, Diljeet Titus told PTI.Fernandez had on Tuesday that simmering discontent among the workers led to the lynching incident of L K Chaudhary CEO of an Italy-based auto-component Manufacturer Cerlikon-Graziano in Greater Noida.This should serve as a warning for the managements. It is my appeal to the managements that the workers should be dealt with compassion. The workers should not be pushed so hard that they resort to whatever that had happened in Noida, the minister had told reporters at a press conference. Disputes are integral part of any business, but there is a way to resolve them, Titus said.We have legal processes to settle any dispute. If any person is fired without keeping rules in mind he can approach the court and opt for other mechanisms, but in any case killing an innocent person is not the option, he said. There are about 150 Italian joint venture companies in the Northern region. The episode will certainly have an adverse impact on these companies whereas others will also think about their future, Titus who also heads Titus and company, a law firm, said.
Not open for further replies.

Latest ads

Thank you for visiting TamilBrahmins.com

You seem to have an Ad Blocker on.

We depend on advertising to keep our content free for you. Please consider whitelisting us in your ad blocker so that we can continue to provide the content you have come here to enjoy.

Alternatively, consider upgrading your account to enjoy an ad-free experience along with numerous other benefits. To upgrade your account, please visit the account upgrades page

You can also donate financially if you can. Please Click Here on how you can do that.

I've Disabled AdBlock    No Thanks