In one of my earlier posts, I wrote about the causes of global recession. This post become quite popular and hundreds of people thanked me for the simple explanation of this phenomenon. This is article is in continuation of what I wrote in that post.

Sub-prime mess which was the main theme of that post and the prime reason that eventually sparked a world wide recession is at best an immediate cause of the recession. In this post, I will throw some light on the reason behind the very emergence of a sub-prime situation and why despite pumping of billions of dollars into the world economy, it is still not showing any sign of recovery. Read the rest of this entry »

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I got this email forward from my brother today. 

It is claimed to be from a Satyam employee, who has a slightly different opinion on the whole Satyam Debacle ?  A very interesting read indeed …..

At a time when almost 90% of my Satyam friends are cribbing about the fraud and betrayal by Ramalinga Raju, I have a slightly different opinion. It’s bold of me to write this in black and white but this comes straight from my heart and experience.

Let me start by quoting an example of 2006. Most of my friends were unemployed with 50-60% plus marks in BTech, with a degree from an average University and hunting madly for a job. Whether people accept it today or not but the truth remains that Satyam was the ONLY saviour and the only mass recruiter who was ready to accept students who had back logs but had cleared them and also it did not put a very strict minimum marks criterion. And this was true not only for my small college at Lucknow but also those across India . Satyam is the fourth largest in IT in India. Looking at India’s population I really want to thank Raju for giving some 54000 Indians jobs atleast for all these years . He was the reason for the revival of confidence and the reason for the bread and butter for many a families. Read the rest of this entry »

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Ghajini the much awaited Aamir Khan’s latest flick is going to be released on 25th December. The movie has been marketed extensively and Aamir has succeded in creating a buzz around it.

Recently a friend told me two interesting things about Ghajini. Read the rest of this entry »

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The website of DDA  (www.dda.org.in) and Urban India are down because of huge rush of traffic.  However, there is an easy way to visit the result of DDA Housing Schemes 2008 for the much awated 5000 flats right now.

Here is a pdf file which contains all the 5000 names of those lucky persons who have secured their names in the lucky draw. The file is in pdf format, has 310 pages and contains entire details about all the lucky winners like their name, flat allotted, category with full address of the flat.

Download the entire results of DDA Housing Scheme 2008 now by clicking on the following two links :

Rapidshare Link :

http://rs226.rapidshare.com/files/173869331/DRW_RSLT_DDA08.pdf

Mediafire Link

http://www.mediafire.com/file/ezieegnmtqn/DRW_RSLT_DDA08.pdf

One more Rapid Upload Link

http://www.rapid-upload.org/PZ4AX8IHQMK5/DRW_RSLT_DDA08.pdf.html

My name is not in the list but ….

My best wishes to all of you !

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Today as I wrote this I feel ashamed to call my self Indian. I feel really disappointed, helpless and above all hopeless to think as to why my desitiny decides to give me a birth in India.

We have just witnessed the biggest terrorist attack in the history of India. More than 125 people have killed for the past 24 hours and nobody knows when this ordeal will end and how much more lives it will take.

Do you know what is more tragic than the brutal killings of innocents on the streets of Mumbai? More tragic  than the death of some of our finest police officers? More tragic than the devastation of our premium hotels? More tragic than the fear on the face of a common Indian? Read the rest of this entry »

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Not long ago, on August 28, 1963, a great black leader of America Martin Luther King Jr. gave one of the most memorable and emotional speech in the history of mankind.

It was a speech filled with pain  and hope. Pain for the conditions of blacks in America and hope that one day they will be treated equally. 

Here are some excerpts of that speech : 

“We can never be satisfied as long as our children are stripped of their selfhood and robbed of their dignity by signs stating “for white only.”

I have a dream today.

I have a dream that one day this nation will rise up… live out the true meaning of its creed. We hold these truths to be self-evident that all men are created equal.

I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin but by the content of their character.” Read the rest of this entry »

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Owing to the recent mess in the stock market, often our discussion in office revolves around falling stocks of Indian companies. Just a few days ago when we were involved in one such discussion, one friend guessed about what Warren Buffet must be doing these days. After all, this legendary investor, who became world’s richest man this year, has earned his fortune in share markets.

We could only make some wild guesses about him. After all, he has huge financial resources with him and  can easily withstand any crisis. However, we all were agree that this smartest investor on the planet must be exercising caution in buying share during these trouble times.

How wrong I was. Recently I came across an article on the current economic crisis written by Warren Buffet himself. This article is an eye opener for many of us who have become a victim of what many expert are describing as ‘irrational pessimism’. Read the rest of this entry »

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Just came across this excellent explanation of credit crunch in India . It is written by Mr Anshuman Tiwari for today’s Dainik Jagran (20th October). So full credit to him for writing this excellent article.

The article is in Hindi. I hope most of you will be able to grasp it.

 Gafalat Se Nikali Bazar ki Afat… Read the rest of this entry »

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These days the most talked about news is the current financial crisis that has engulfed the world economy. Every day the main headline of all newspapers is about our falling share markets, decreasing industrial growth and the overall negative mood of the economy.  For many people an economic depression has already arrived whereas for some it is just round the corner. In my opinion the depression has already arrived and it has started showing its effect on India.

So what has caused this major economic upheaval in the world? What is the cause of falling share markets the world over and bankruptcy of major banks? In this article, I shall try to explain the reasons for recent economic depression for all those who find it difficult to understand the complex economics lingo and are looking for a simple explanation.

It all started in US…

In order to understand what is now happening in the world economy, we need to go a little back in past and understand what was happening in the housing sector of America for past many years. In US, a boom in the housing sector was driving the economy to a new level.  A combination of low interest rates and large inflows of foreign funds helped to create easy credit conditions where it became quite easy for people to take home loans. As more and more people took home loans, the demands for property increased and fueled the home prices further. As there was enough money to lend to potential borrowers, the loan agencies started to widen their loan disbursement reach and relaxed the loan conditions. Read the rest of this entry »

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The 6th Pay commission, which was recently officially announced by Indian Government through a notification, has made all the Government employees very busy these days. No matter where you go in a Government setup,  the only discussion going on there will be the calculation of Salary structure and Arrears which Government employees are going to get from this month.

Though there are many calculators available online which will help you calculating your salary/arrears based on the recommendations of Sixth Pay Commission, not all of them are accurate and a majority of them are programmed for calculating the Pay/arrears of only those Government emplooyees who have not got any promotion between Jan 2006 and Aug 2008 or for those who have not get any change in Grade Pay during this period.

Therefore, all those Government employees, who have got either a promotion or a change in Grade Pay between Jan 2006 and Aug 2008 are finding it difficult to calculate their exact pay/arrears.

If you are a Government employee, let me tell you about one website which is having Pay calculators for all such people, who have got either a promotion or a change in Grade Pay between Jan 2006 and Aug 2008, and who are finding it difficult to calculate their exact pay/arrears. This website has been designed by the people of IIT Madras and you can be 100% sure of the accuracy of their Pay calculators.

The site is : http://gate.iitm.ac.in/6pc/

When you click on the above link, you’ll be taken to a calculator where you can calculate your new salary/arrears if your grade pay has not been revised between Jan 2006 and Aug 2008. Just below this calculator, you will find links for other calculators which are for :

• Pay Scale Revised Between Jan-2006 and Aug-2008
• Joined the Service After 01-01-2006
• Stagnation Reached or Maximum Pay Reached on 01-01-2006
• Pre-2006 Pensioners
• Post-2006 Pensioners
• Doctors

I hope the above calculators will help you to accurately calculate your salaries/arrears. Enjoy !

UPDATE : Dear friend please don’t ask your pay, arrears or pension related questions here. I am not an expert in calculating salary. The above suggested calculator was for your personal calculation only. It is not intended to replace the actual salary/pension that will be created by your Admin Section. Your actual salary/pension can only be calculated by the persons responsible for fixing pay in your office. If you still want to ask any question, please ask on the real site (http://gate.iitm.ac.in/6pc/). Not here. I am afraid I’ll not be able to answer your questions on this issue. – Eklavya

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