Wednesday, February 14, 2007

Should I vote for the Congress in next elections?

While I am impressed by the economic strides made by India in the leadership of Prime Minister Manmohan Singh ... what is disturbing is the attitude of the Finance Ministry.

Indians are considered thieves and cheats by our own ministry. See how they keep on adding taxes after taxes on everything. Are they wanting an anarchy?

Instead of simplyfying the tax regime - as earlier proposed in this blog - and unleashing more the creative and entrepreneurial spirit of Indians ... we are getting more and more in doing the paper work to keep the bureacrats happy. A slight mistake here, an overlook there ... difficult times for the tax payer.

Is it the power trip of the officials and ministers that is responsible for these affairs or simply lethargy of the citizens?

Can we change the system? I think we can ...

I, for one, declare that at the current status I shall not vote for Congress and shall try and convince people in my reach to do the same.

Saturday, July 15, 2006

Mumbai blasts - Cowards strike again

Horrific. Shameful. Work of cowards - mumbai blasts. How can a human being stoop so low? Maybe the doers are not human beings. As of now tt is being implied that the work is of Islamic militants. Militants yes ... Islamic - no. Even a simple reading of Islamic principles will reveal to reader that militancy has no place in it. Conquerors and meglomaniacs try to use it.

In his whole life, Prophet spent a total of one and half days engaged in war. In his whole life, multiple skirmishes add to mere one and half day.

The culprits must be found and punished severely. Yes, the Indian society has many madment who like to instigate communal riots. But, that can not be taken as a justification for murder of innocents.

I wonder how can people forget that eventually these misdeeds are going to be classifed as bad karma.

Hats of to Indians, Mumbaikars especially. I hope I am not in isolation who views this attack as attacks on Indians not on particular community.

Saturday, July 01, 2006

Regressive step - makes blood boil

Today's TOI carries the news that UPA govt. plans to curb media, not even allowing for redressal in courts ... arrests, confisication etc. ...

Are we living in a free country or a slave country? So much might and power in the hands of bureaucrats? Why? The bureaucrats are fed from our taxes. The citizens earn money ... they deserve better treatment. All over the country there is inspector raj ... any official from any department can make your life miserable ... citing rules, regulations ...

A few years ago I read a news article that an Indian had died in Kobe (japan) earthquake. Cash relief was announced by the Japanese govt. The Japanese govt. officials tried to trace the next of kin of the deceseased ... with great difficulty and almost an year later they successfully located a distant nephew of the dead person somewhere in Azamgarh. A Japanese official from the Embassy went there to give the money. Such honesty. Can we look forward to a similar mindset from the Indian officials?

In India we talk of karma but their practises are designed to destroy their own karma. We are so blinded by the immediate gains that nothing else matters ... even willing to destroy our karma.

Media is to be curbed ... I can understand why ... as it is a nuisance. I hope the UPA govt. does not succeed in it. If they do, I will definitely campaign against them in the next elections ... and I have never campaigned for any one till todate. I do not want to leave behind an ugly India for my children. After all this country is borrowed by me from my kid's future. How will I be able to rest in peace if I allow such devious and devillish thinking of the ruling govt. It is shameful that this is happening in the leadership of Manmohan Singh. Shameful.

I hope this idea is not allowed to go forward. I just hope for it. Our forefathers didn't destroy their lives in freeing us from the British yokels ... to be under the official's yokel.

Friday, June 16, 2006

Release Indian Entrepreneuial energy - remove taxes

Most of the times, Indians spend complying with one law or rule or tax declaration etc. It is sheer waste of time. Loop holes are exploited by the people in know, rest are forced to waste their energies.

Govt. should remove all taxes, free Indians from the bureaucracy. This will be the real freedom. The british continue to rule us in absentia - through the legacy of civil bureaucracy. Simple modern solutions to the problems of our country.

Monday, May 29, 2006

Pre-launch property deals - the story

Risk is very high. All pre-launch deals are without the relevant statutary clearances i.e. without all Govt. permissions.

Well, if the permissions will be in place, then it won't be called pre-launch. It will be called as Bookings Open. Only Few left.

Thumb rule: If the seller says, rather insists on your taking the decision immediately as the scheme is open for few hours only ... run away from it. It has scam written all over it.

Sensex falls - is it over now?

Sensex fell a massive 30%. Is the story over? Yes and no. If liquidity persists then yes. No, atleast for the immediate future. Long term story seems to be intact as India is at the begining of the infrastructure curve.

Real estate is seeing some signs of correcition except for commercial spaces in Delhi due to demolition of unauthorised and illegal buildings.

Sunday, April 16, 2006

Zoom for Indian Real Estate?

I hear that smart FII money is leaving Indian Stock markets, where valuations are not cheap ... The smart money expects the same performance from the Indian Real Estate ... which to their eyes even today at inflated prices is somewhat equivalent to Sensex at 3300.

A multiple of 4 from these prices in India in 4 years or so ... ?

What can disturb the party? Earthquake? Monsoon failure? Retreating glaciers? Water crisis? Riots? Epedimic that cuts population considerably?

Sensible investing is to buy which you will use or your family members will use in a near or not so distant future.

SPEECH BY THE PRESIDENT OF INDIA

SPEECH BY THE PRESIDENT OF INDIA

As desired by the President of India, this paper is for circulation.

DR A P J Abdul Kalaam's Speech in Hyderabad

"I have three visions for India. In 3000 Years of our history, people from all over the world have come and invaded us, captured our land, conquered our minds. From Alexander on wards, the Greeks, the Turks, the Moguls, the

Portuguese, the British, the French, the Dutch, all of them came and looted us, took over what was ours. Yet we have not done this to any other nation. We have not conquered anyone. We have not grabbed their land, their culture, and their history and tried to enforce our way of life on them. Why? Because we respect the freedom of others.

That is why my first vision is that of FREEDOM. I believe that India got its first vision of this in 1857, when we started the war of independence. It is this freedom that we must protect and nurture and build on. If we are not free, no one will respect us.

My second vision for India is DEVELOPMENT. For fifty years we have been a developing nation. It is time we see ourselves as a developed nation. We are among top 5 nations of the world in terms of GDP. We have 10 percent growth rate in most areas. Our poverty levels are falling. Our achievements are being globally recognized today. Yet we lack the self-confidence to see ourselves as a developed nation, self- reliant and self-assured. Isn't this incorrect?

I have a third vision. India must stand up to the world. Because I believe that, unless India stands up to the world, no one will respect us. Only STRENGTH respects strength. We must be strong not only as a military power but also as an economic power. Both must go hand-in-hand. My good fortune was to have worked with three great minds. Dr. Vikram Sarabhai of the Dept of space, professor Satish Dhawan, who succeeded him and Dr Brahm Prakash, father of nuclear material. I was lucky to have worked with all three of them closely and consider this the great opportunity of my life.

I see four milestones in my career: Twenty years I spent in ISRO. I was given the opportunity to be the project director for India's first satellite launch vehicle, SLV3. The one that launched Rohini. These years played a very important role in my life of Scientist. After my ISRO years, I joined DRDO and got a chance to be the part of India's guided missile program. It was my second bliss when Agni met its mission requirements in 1994. The Dept of Atomic Energy and DRDO had this tremendous partnership in the recent nuclear tests, on May 11 and 13. This was the third bliss. The joy of participating with my team in these nuclear tests and proving to the world that India can make it, that we are no longer a developing nation but one of them. It made me feel very proud as an Indian. The act that we have now developed for Agni a re-entry structure, for which we have developed this new material. A very light material called carbon-carbon. One day an orthopaedic surgeon from Nizam Institute of Medical Sciences visited my laboratory. He lifted the material and found it so light that he took me to his hospital and showed me his patients. There were these little girls and boys with heavy metallic callipers weighing over three Kg. each, dragging their feet around. He said to me: Please remove the pain of my patients. In three weeks, we made these Floor reaction Orthosis 300-gram callipers and took them to the orthopaedic centre. The children didn't believe their eyes. From dragging around a three kg. load on their legs, they could now move around. Their parents had tears in their eyes. That was my fourth bliss!

Why is the media here so negative? Why are we in India so embarrassed to recognize our own strengths, our

achievements? We are such a great nation. We have so many amazing success stories but we refuse to acknowledge them. Why? We are the first in milk production. We are number one in Remote sensing satellites. We are the second largest producer of wheat. We are the second largest producer of rice. Look at Dr Sudarshan, he has transferred the tribal village into a self-sustaining, self-driving unit. There are millions of such achievements but our media is only

obsessed in the bad news and failures and disasters.

I was in Tel Aviv once and I was reading the Israeli newspaper. It was the day after a lot of attacks and bombardments and deaths had taken place. The Hamas had struck. But the front page of the newspaper had the picture of a Jewish gentleman who in five years had transformed his desert into an orchid and a granary. It was this

inspiring picture that everyone woke up to. The gory details of killings, bombardments, deaths, were inside in the newspaper, buried among other news.

In India we only read about death, sickness, terrorism, crime. Why are we so NEGATIVE? Another question: Why are we, as a nation so obsessed with foreign things? We want foreign TVs, we want foreign shirts. We want foreign

technology. Why this obsession with everything imported. Do we not realize that self-respect comes with self-reliance? I was in Hyderabad giving this lecture, when a 14 year old girl asked me for my autograph. I asked her what her goal in life is. She replied: I want to live in a developed India. For her, you and I will have to build this developed India You must proclaim. India is not an under-developed nation; it is a highly developed nation.

Do you have 10 minutes? Allow me to come back with a vengeance. Got 10 minutes for your country? If yes then read; otherwise, choice is yours. YOU say that our government is inefficient. YOU say that our laws are too old. YOU say that the municipality does not pick up the garbage. YOU say that the phones don't work, the railways are a joke, The airline is the worst in the world, mail never reaches their destination. YOU say that our country has been fed to the dogs and is the absolute pits. YOU say, say and say. What do YOU do about it?

Take a person on his way to Singapore. Give him a name-YOURS. Give him a face - YOURS. YOU walk out of the airport and you are at your International best. In Singapore you don't throw cigarette butts on the roads or eat in the stores. YOU are as proud of their Underground links as they are. You pay $5 (approx Rs 60) to drive through Orchard Road (equivalent of Mahim Causeway or Pedder Road) between 5 PM and 8 PM. YOU come back to the parking lot to punch your parking ticket if you have over stayed in a restaurant or a shopping mall irrespective of

your status identity. In Singapore you don't say anything, DO YOU? YOU wouldn't dare to eat in public during Ramadan, in Dubai. YOU would not dare to go out without your head covered in Jeddah. YOU would not dare to buy an employee of the telephone exchange in London at 10 pounds (Rs 650) a month to, "see to it that my STD and ISD calls are billed to someone else."

YOU would not dare to speed beyond 55 mph (88 km/h) in Washington and then tell the traffic cop, "Jaanta hai main kaun hoon (Do you know who I am?). I am so and so's son. Take your two bucks and get lost." YOU wouldn't chuck an empty coconut shell anywhere other than the garbage pail on the beaches in Australia and New Zealand.

Why don't YOU spit Paan on the streets of Tokyo? Why don't YOU use examination jockeys or buy fake certificates in Boston??? We are still talking of the same YOU.

YOU you can respect and conform to a foreign system in other countries but cannot in your own. You who will throw papers and cigarettes on the road the moment you touch Indian ground. If you can be an involved and

appreciative citizen in an alien country, why cannot you be the same here in India?

Once in an interview, the famous Ex-municipal commissioner of Bombay, Mr Tinaikar, had a point to make. "Rich people's dogs are walked on the streets to leave their affluent droppings all over the place," he said. "And then the same people turn around to criticize and blame the authorities for inefficiency and dirty pavements. What do they expect the officers to do? Go down with a broom every time their dog feels the pressure in his bowels? In America every dog owner has to clean up after his pet has done the job. Same in Japan. Will the Indian citizen do that here?" He's right.

We go to the polls to choose a government and after that forfeit all responsibility. We sit back wanting to be pampered and expect the government to do everything for us whilst our contribution is totally negative. We expect the government to clean up but we are not going to stop chucking garbage all over the place nor are we going to stop to pick a up a stray piece of paper and throw it in the bin. We expect the railways to provide clean bathrooms but we are not going to learn the proper use of bathrooms. We want Indian Airlines and Air India to provide the best of food and toiletries but we are not going to stop pilfering at the least opportunity. This applies even to the staff who is known not to pass on the service to the public. When it comes to burning social issues like those related to women, dowry, girl child! and others, we make loud drawing room protestations and continue to do the reverse at home. Our

excuse? "It's the whole system which has to change, how will it matter if I alone forego my sons' rights to a dowry." So who's going to change the system? What does a system consist of? Very conveniently for us it consists of our neighbours, other households, other cities, other communities and the government.

But definitely not me and YOU. When it comes to us actually making a positive contribution to the system we lock ourselves along with our families into a safe cocoon and look into the distance at countries far away and wait for a Mr Clean to come along & work miracles for us with a majestic sweep of his hand or we leave the country and run away.

Like lazy cowards hounded by our fears we run to America to bask in their glory and praise their system. When New York becomes insecure we run to England. When England experiences unemployment, we take the next flight out to the Gulf. When the Gulf is war struck, we demand to be rescued and brought home by the Indian government. Everybody is out to abuse and rape the country. Nobody thinks of feeding the system. Our conscience is mortgaged to money.

Dear Indians, The article is highly thought inductive, calls for a great deal of introspection and pricks one's conscience too....I am echoing J F Kennedy's words to his fellow Americans to relate to Indians????

"ASK WHAT WE CAN DO FOR INDIA AND DO WHAT HAS TO BE DONE TO MAKE INDIA

WHAT AMERICA AND OTHER WESTERN COUNTRIES ARE TODAY"

Lets do what India needs from us. Forward this mail to each Indian for a change instead of sending jokes or junk mails. Thank you

Dr Abdul Kalaam

PRESIDENT OF INDIA

Lalu Yadav is impressive

Double decker AC coaches to fight low cost airlines ... Lalu is impressive, demonstrating vision and intelligence. Even if the idea fails, the message wins. Innovativeness in Railways is much desired. Lalu is doing it and perhpas will leave a legacy of innovativeness momentum in the Railways.

After all, flights do a lot of enviromental damage. I understand that few guide books will now encourage travellers to take alternate routes in world travel rather than just hop on the plane. Good thinking.

We should continue to remember: We have borrowed our world and environment from our children not inherited it from our parents. We have no right to abuse our environs.

I have an email carrying the text of our President Kalam. I will post it. It is very introspective.

Narmada, Aamir, Modi, Medha and Gujarat

Why does it seem that Govt. is not interested in finding a honourable solution to the people who are displaced by the Govt. projects?

I thought it was a simple thing. Take care of the people and all is fine. Govts., bureaucracy are meant to serve the people not the other way around.

Perhaps this is the legacy of the British system of master and slave.

I hope one day the Govt. will realize that it will do justice to all by involving the citizens. By taking care of them.

We have brilliant minds in the bureaucracy ... unfortunately they have been forced to do routine or negative works ... mainly by the systems and procedures and rule books.

Indian companies are becoming global and acquiring companies all over the world. Simple stroke of pen made it happen. Abolish Controller of Capital issues ... a body which used to decide what the price of company share should be. Imaging Infosys still at 24/- because the department thought it was the fair price.

Govt. will realize more if they enable steps to release the energy, dynasim and entreprenurship of India.

Abolish all taxes save for one

Let Indian Govt. abolish all taxes. Instead, have one tax or cess. A simple percentage on all credits in the bank accounts.

Govt. levies a small tax on every credit into bank account. Everytime there is a credit in account, a percentage goes to govt. for the citizen, no form filings, no accounts to be maintained. No excise duty, income tax , sales tax, Octroi , cesses, this or that tax. Presuming total tax collection in India is 100, and total credits in banks is 100,000 … the tax on credit will be 0.1 %. Govt. meets its revenue, frees Indian citizens to devote energies to do what they do, institutionalized corruption is reduced. Cash withdrawls are taxed double to discourage black economy. Product prices fall, economy gets boost, overseas investors and brains get attaracted to India, innovativeness ushers in new India.

This way we get everybody in India into tax category. And it remains simple.

Tuesday, October 18, 2005

Haryana’s plans for expressway unfold

This 135-km high speed toll road project taking shape between Kundli and Palwal will provide a way around Delhi for those seeking access to Gurgaon and Faridabad
Mukesh Bhardwaj

Chandigarh, October 17: THREE urban townships, one model industrial township, and now a special economic zone. The Haryana Government’s grand plans to milk the benefits of the Western Periphery Expressway, which would provide direct access to Gurgaon and Faridabad without crossing Delhi, are slowly taking shape.

This 135-km high speed toll road project between Kundli in Sonepat and Palwal in Faridabad while touching Gurgaon at Manesar, was conceptualised during the previous Om Prakash Chautala regime following a Supreme Court order.

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While the Bhupinder Singh Hooda government has taken it up with earnestness, the project is facing the usual glitches — to begin with it is yet to allot the work to any company. It reportedly zeroed in on a consortium but the deal was called off at the last moment.

But this hasn’t stopped the Haryana Industrial Development Corporation (HSIDC), the nodal agency for the project, and Haryana Urban Development Authority (HUDA) from finetuning their plans.

The HSIDC has already decided to develop an Industrial Model Township (IMT) at Kharkhauda on the pattern of IMT Manesar.

With Manesar nearing saturation, the SEZ — for which an agreement has been signed with Reliance Industries Limited on Monday — and the model township are being viewed as virgin territory for investors.

Sources said HUDA has proposed to develop three urban townships alongside the expressway, which will touch the three nodal districts of Sonepat, Gurgaon and Faridabad. Besides, the government had already announced its plans to develop an ambitious Rajiv Gandhi Education City and a Medi City on the route.

‘‘The government is serious about completing the project but since the acquisition of land is a tedious process, it has been delayed. It will be soon on the track after the land acquisition process is complete,’’ said a senior officer.

Haryana’s plans for expressway unfold

On Shaky Ground

On shaky ground

In a city notorious for short term memory will the latest earthquake jolt the construction industry into following structural safety norms?

Last week’s earthquake confirmed what true blue Delhiites have always known. That builders flout laws with impunity and yet manage to get all the clearances they need. With industry insiders admitting that over 90 per cent of buildings in the city have inadequate safety norms, retrofitting is the latest buzzword. But will this actually convert into safer buildings? Even the Chief Minister of Delhi, Shiela Dikshit, feels that it will be difficult to retrofit lakhs of old buildings, but the new buildings should conform to building bylaws.

Delhi and its neighbourhood, fall within the seismic zone IV, and are sitting duck for a future major shock. The build up of stress “The 9.3 magnitude Sumatara quake in December 2004, followed within three months by an 8.6 magnitude quake near the same place and now this one in Pakistan suggests the Indian plate boundary has become highly active,” says Janardhan Negi, a seismologist. “It is true that some of the plate boundaries including the Indian plate have become relatively active and plate needs watching,” says C P Rajendran of the Centre for Earth Science Studies in Thiruvananthapuram. “The magnitude of the probable earthquake in this category ranges between five and six on the Richter scale, which could be extremely devastating, given the present status of preparedness in Delhi,” says Prof R B Singh of Delhi School of Economics.

This is not the first time that authorities have gone into overdrive. In 1994 when an earthquake hit, authorities went to town with plans. DDA even hosted interactions with the public on measures required to make high rises safe. This time round too, structural norms are the talk of the town. Yet the intervening period has seen a prolific rise of high rises.

“Whether it is Gurgaon, Trans Yamuna, Faridabad or Ghaziabad, the growth has been all vertical,” says Anil Jain, who has recently bought a flat in Gurgaon. “How can a buyer ever determine whether a building has been built according to structural norms,” he queries.

Leave alone technical details one cannot even make out whether the builder has used teakwood or not. The entire onus of ensuring safer buildings is on authorities and easy clearances for the preferred few does not ensure compliance.

Builders and architects, however, go on the defensive and claim that high rise is not the culprit. Says architect Hafeez Contractor, who can stake claim to most of the landmark highrises of Gurgaon, “You have to design for earthquakes, Japan falls in Zone 6, does that mean Japan should stop building? It is all about engineering.” Unfortunately ,in the capital few buildings seem to have followed his advice.

With the Trans-Yamuna area acquiring the most susceptible to earthquake tag and the yet to be occupied Dwarka getting slotted as the area where societies have been constructed on pillars with inadequate weight bearing capabilities, few residents feel safe. Yet do they have other options?

In the period following the Bhuj earthquake, Seismic Zone Safety specifications were included in the National Building Code, but are not mandatory. Over 90 per cent of the buildings in India are still built without structural engineering certifications.

“The unorganised sector makes up the major chunk of the industry and does not selfregulate on safety norms,” says, Prithvi Nath, vice-president of the National Real Estate Developers Council (NARECO). The Naredco-ICRA and Naredco-CRISIL ratings exist but compliance to such rating parameters is not compulsory for a builder to start his project. It is left to voluntary compliance.

“Meeting safety standards has cost implications of around two per cent to comply,” says V K Saigal, executive director (Projects) of Ansals Properties & Infrastructure Ltd. Passed on to the consumer this might become another four per cent but given the fear that the October 7 earthquake has implanted, it may be a price worth paying.

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