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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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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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 nuclear issue in India is becoming hotter and hotter day by day. As the Government proceeds towards completing its 5 years in power, the pressure is mounting on it to sign the nuclear deal with the US and ensures a secure energy future for India. However, still now the government is undecided what it should do given the relentless opposition of this deal by the Left Front. In fact the congress led government is making a huge blunder by not going with the deal and delaying it for the pressure tactics of left front. India and its foreign policy is certain to be hugely embarrassed because of this. As the US Government is also completing its tenure, it is unlikely that the next president (probably Obama) will show the same enthusiasm towards this deal.

I strongly recommend all Indians out there to read this thought provoking article on nuclear issue by Mr. K Subrahmanyam who is the top strategic affairs analyst of India. This article has been published in the today’s ‘Times of India’ and it will open your eyes towards what actually is the hidden agenda of communists in India. These communists are becoming more and more unpopular in India owing to their policy of every economic reform in India. 

Read this article here : Sleeping With The Enemy

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On 13th of May Jaipur, the pink city of India, bathed in blood. In a short span of 12 minutes, 8 Bomb blasts rocked some of the busiest areas of the cities. It was the auspicious day of Tuesday when devotees offered prasad to Lord Hanuman. One of the bombs exploded near a temple thus creating communal tension in the area. On the last count, the blast killed 80 people and injured more than 150. Most of them were Hindus. Read the rest of this entry »

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In the comfort of our urban homes, we feel quite secure and immune from various ills that pervades our villages. However, media coverage of what is happening in the deep hinterland of Indian villages is enough to send a chill down your spine. I witnessed one such incident today.

Suspecting a woman of practising black magic, a villager mercilessly beat up the woman faith healer and tonsured her head in Bihar. He then tonsured her head and smeared her face with limestone.

45-year-old Lalpari Devi of a village near Patna had on Thursday gone to Adalchak village for treating one Manorama Rai, who was suffering from a mental ailment. As Manorama’s condition deteriorated during treatment, her husband Ramayodhya Rai got angry with Lalpari and tied her to a tree with the support of his neighbours and mercilessly beat her up. He did this in front of full media coverage.

The saving grace is that the Police soon reached the scene and rescued the woman. She was admitted to a hospital and later discharged today. Police lodged an FIR and have arrested Ramayodhya Rai.

Instead of my telling you how shocking this incident was, just watch this video:

A majority of Indians in villages still believe in superstitions. They prefer a magical cure to a proper medical one. The end result in most cases is suffering. We need to do immense work on education front to bring awareness among masses about these quack cures and their ill effects. Further, we also need to do something to ensure that women are not mistreated like this in India. I hope that the state Government of Bihar will do something tangible on this issue. Bihar has become a notorious state for such incidents of mass justice. People are routinely taking laws in their hand here. It is not a good omen for the Indian society as it not only reflects the backwardness of our society, it is also an indication of their growing mistrust on our judicial system. The society will crumble if people start taking law in their hand for settling their scores.

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Are the human beings loosing their innocence ? I was hoping that at least our children are living in a age of innocence and they are the last lot of carefree people on earth. However, today I read a shocking (at least for me it’s really shocking) question being asked by a 12 year old girl who was inquiring about having safe sex with her 12 year old boyfriend ! They already had sex earlier (though not very successfully) and are planning to have it again on the boy’s birthday. The girl want to know about appropriate condom size for the brat.

My goodness ! What is happening to this world ? Where are the parents ?

Read this question here : Yahoo Answers

The only respite is the people who answered this question. They admonished the girl and told her about the risks involved in having sex in such younger age.

I hope such things do not become trends and at least our children remain innocent for some more time.

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Delhi, the city I live in, is in the grip of a cold wave these days. It’s the third week of December and it’s really very cold here. The other day, I happened to talk with two guys who work as Parking Assistants in Delhi Metro. Their job is to manage the parking of vehicles (mostly two wheelers and cars) in the parking zone of Delhi Metro. It is not an easy job. I casually asked them about their timings and remuneration. They told me that they were not permanent worker there. They work under a contractor on just Rs. 100 a day. There are no holidays and taking an off from work means loss of a day’s income. Their work starts from 9 AM in the morning and finished after 12 hours at 9 PM. For this entire duration of 12 hours they remain in the parking area where there are no shade and no arrangement for any heater/ warmer.

In this chilling weather of Delhi, these people are doing such a tough job for a small sum of Rs.100 a day. If they work for 26 days ( excluding Sundays) their monthly income comes out to be just Rs. 2600. Seeing it from a dollar perspective, they are earning just $2.5 a day or $ 65 a month ! Most of them are sole bread earner of their family. With no social safety like insurance with them, it is just a battle of survival for them. Surviving on daily basis. Fighting everyday, doing all they can to earn $2.5 a day and support their families.

This is the situation of Delhi, the capital city of India. And I know this is not an isolated case. Their are thousands and thousands of people in Delhi who are earning a paltry sum of $2.5 a day (or even lesser). This is a stark reality of India. The picture is even worse in villages. You can yourself make a guess given the fact that still more than 70% of India lives in village.

On the other hand, I also see Indians who are earning $1000 a day from the Internet right from the comfort of their home. However, I feel that these people are among very lucky fews in India. As per this report, only 3.7% of the entire population of India use Internet.

When I see such a huge difference in the income of my fellow countrymen, the talks of an Indian(Mukesh Ambani to be precise) soon becoming the richest person in the world loose it’s relevance. We as citizens, as Government and as a nation have to go a very very long way before we can truly call ourselves a developed country.

I am thinking to start a simple tutorial series to educate people about income opportunities on Internet. Your valuable suggestions on this are welcome.

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On the 60th independence day of India, the newspapers were filled with the success stories of India. There were talks of how it’s image has changed in the eyes of Western World, how globalization has brought happiness on the million of faces, how our economic reforms have changed our life style totally…and many things like that.

‘The Guardian’, a leading newspaper of England, published a special theme on India and gave this headline about India :

“This is the best place in the world to be born right now. “

After reading all these things, I had to think whether we have really developed so much to deserve such attention for the world over. Read the rest of this entry »

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The inflation has come down to below 5 % yet nobody seems to feel it in reality. For a common man in India, the prices are as high as they were a few months ago. Just how and why inflation has come down when nobody can experience it ? Read the rest of this entry »

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