• show me the coherence

    April 26, 2007


    I borrow the title from Backstreet boys song, show me the meaning of being lonely but I have completely different interests in using these words.

    In last few days two incidents of interest that happened were he import-Export policy and the RBI’s monetary policy review.

     

    Given the background of high liquidity and high inflation, high interest rates owing to constraints in supply besides strengthening of the INR, I could not make out if the government and monetary regulatory were working in tandem.

     

    The Exim policy continues to encourage exports with the background of constraints in supply and strengthening INR. I don’t know if exporter will be willing to export and suffer losses on account of exchange rate when they already are getting saddled by higher interest rates.

     

    At the same time, the central bank comes and though it keeps all the rates intact, they encourage foreign investments and outward flow of forex which is in complete contrast to what Exim policy aims at. I understand that RBI’s endeavors are focused on containing the inflation and interest rates by pushing out the liquidity but I guess most of its efforts will be thwarted if Exim policy gets successful in increasing exports from India.

     


    It would do well if some coherence is developed in various sections of governance and regulation in the country. If you can see it there, kindly show it to me.

    BCCI v/s cricketers

    April 8, 2007

    The thought doing the rounds in the BCCI where it is being contemplated that players be either banned from endorsing products or a cap be put on their such endorsements can’t be classified in any other way than being stupid.

    It could classify as the most humourous outcome of deliberations that were held to find the reasons for India’s debacle at the ICC cricket World Cup. Why can’t we take a game as a game. Is it necessary that we win all the time. We too were minnows when we beat WI in 1983 to lift the WC and so whats the big hulla when today’s minnows - Bangladesh beats us. However, its hard to believe that they are minows of the game after they beat S.Africa too!

    Anyway coming to the matter of BCCI’s decision to ban cricketers from endorsement carries little sense. The players have less working life if we consider their playing career as the working life. Though these days avenues have opened up widely for them post retirement, the incomes may still not match, i guess. Whats wrong if they endorse products in their free time to earn extra bucks for a secure future? Is cricket a game or a military establishment where stringent controls are imposed?

    Further, the fame that cricketers carry around them owing to the ads they do, attracts younger generation and brings on the India’s cricket canvas broader range of talent. However, the argument that cricket has gained way too much popularity to allow kids play/aspire for some game is another matter all together.

    I also feel, with no other source of income in absence of doing ads, some cricketers may fall prey to the bookies and match fixing may see a rise.

    I also support the idea of ZEE’s Chandra to raise and sponsor cricket team separate from the one we have under the aegis of ICC. The competition in this field will make sure we don’t lose on class players like Robin Singh, VV Laxman and many others who face the axe of politics in the sporting arena.

    bloddy matters & Bollywood

    April 2, 2007

    If you were not born with royal blood in your veins, you may soon be able to get it flowing all inside your body. So does the research in Canada would make us believe!

    ZymeQuest, a Canadian company, is developing an enzyme technology for commercial use that offers a new way to convert blood type A and B into the universal type O. I don’t say that group O is royal moreso because mine is a different group. However blood conversion is one step closer towards the achievement of the feat of creation of blood!

    That apart, now we will be saved of the pathetic dialogue in Hindi movies which goes something like "uske khoon mein kami hai" and if a boy is now challanged by his would-be father-in-law who wouldn’t budge from his concern about the difference between the blood of his clan and that of the poor son-in-law’s blood, all that the boy needs to do is take a trip to Canada and get his blood converted to whatever group his father-in-law wanted or liked. So our hindi movies now are poorer by one reason why the hero and the herione could meet peacefully just seconds before "THE END".

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