Whats this.....does any one knows the story behind it....I guess it says victoria..
Wednesday, June 23
Sunday, June 20
Desi Economy: Capitalism Vs Socialism
What form of government and economic policy should a government take? Nowadays it has become a trillion dollar question? It’s even more important for countries like India and China that have a huge population of 1 billion.To feed our one billion population what kind of an approach should we take. Should profit and shareholders wealth maximization be the only goals of Indian Corporates? Should the government play into the hands of the capital markets? Should the government increase the foreign direct investment cap in all the key sectors in the name of globalization and liberalization? What do we need, 15000 ATM’s or 45000 clerical banking jobs? Fully automated production lines or 1000 plus manufacturing jobs? Should we take the approach of capitalism or communism or socialism? I know it’s a tough question, but the more I see Corporate America, I starting doubting capitalism.
For years the developed world has taken the route of capitalism. They have prospered in it to a certain extent. To start with, the sharing was equal and everyone seemed to enjoy a good life. But after 200 years of capitalism, the wealth sharing has been polarized to such an extent, where 1% of America owns 33% of its wealth. Today in America you won't find average Americans on the left or on the right. You'll find them at Wal-Mart shopping for deals. That’s capitalism for us.
Today capitalism’s single minded goal is to increase the wealth of its shareholders. To increase the wealth of its shareholders companies pursue a number of strategies like automation, downsizing, re-engineering BPO, ERP etc. It certainly results in improved efficiency and value creation for the customers and shareholders but the important question we need to ask ourselves here is: What is the overall cost an economy pays for such improved efficiencies? In his book straight from the gut, GE ex CEO Jack Welch justifies himself by saying ‘We dint fire the people, we fired the positions’ however they may call it, the net result is a job loss. A family loses its livelihood because the company can perform the task in a much efficient way by employing lesser resources and increase its profitability. My question is can India afford to improve efficiency at this cost or should it go back to the socialist form of government where social responsibilities are given its due respect. I certainly don’t have an answer, but I am really concerned about the way the previous Indian government danced to the tunes of capital market in the last 5 years. Hope the new government amends the mistakes of the old regime. I would be happy to see a economic policy which can ensure growth at the grass root levels.
For years the developed world has taken the route of capitalism. They have prospered in it to a certain extent. To start with, the sharing was equal and everyone seemed to enjoy a good life. But after 200 years of capitalism, the wealth sharing has been polarized to such an extent, where 1% of America owns 33% of its wealth. Today in America you won't find average Americans on the left or on the right. You'll find them at Wal-Mart shopping for deals. That’s capitalism for us.
Today capitalism’s single minded goal is to increase the wealth of its shareholders. To increase the wealth of its shareholders companies pursue a number of strategies like automation, downsizing, re-engineering BPO, ERP etc. It certainly results in improved efficiency and value creation for the customers and shareholders but the important question we need to ask ourselves here is: What is the overall cost an economy pays for such improved efficiencies? In his book straight from the gut, GE ex CEO Jack Welch justifies himself by saying ‘We dint fire the people, we fired the positions’ however they may call it, the net result is a job loss. A family loses its livelihood because the company can perform the task in a much efficient way by employing lesser resources and increase its profitability. My question is can India afford to improve efficiency at this cost or should it go back to the socialist form of government where social responsibilities are given its due respect. I certainly don’t have an answer, but I am really concerned about the way the previous Indian government danced to the tunes of capital market in the last 5 years. Hope the new government amends the mistakes of the old regime. I would be happy to see a economic policy which can ensure growth at the grass root levels.
Tuesday, June 8
The latest addition to the house of VPL's
Whoever said surprises and happiness comes in cute little packages were right....Today we got a new cute little surprise in the form of Nimeshika. My brother Venkat and sister in law Alamu had their second baby today. Nimeshika was born today at 7.45 am. Now we have close to half a dozen kids in our family. Nimeshika weighs 6 pounds and 11 ounces. Both mom and baby are doing fine and we wish them well. Vishnu now has a cute little sister to give him company. (Keep going down the page to see the new born baby)
Sunday, June 6
Shruthi's day out
Today we took Shruthi out for the first time. Shruthi's first stop was the local Shiva Vishnu temple. The priest made an archanai in her name and placed her close to the pillayar for blessings. Shruthi opened her eyes just in time to have a glimpse of pillayar. After our stop at the temple, we made one more stop. Nobody gets any brownie points for guessing the second place right. Yes we took Shruthi to - Wal-Mart the place where America shops (I am not responsible if you read it as Desi’s). I read somewhere that 96% of the Americans visited Wal-Mart at least once in 2003. Guess Shruthi has made the right stops (Indian temple and Wal-Mart) towards becoming a DESI.
Saturday, June 5
My (lack of) language skills
This December I would complete my second MBA from the University of Akron. Ten years back if anyone would have told me that I would pursue a masters degree, everyone, including me would have ridiculed the thought itself. Today after 19 years of education if I am worried about one thing, it’s my language skills, be it English or Tamil (my mother tongue). I can’t write without spelling and grammar mistakes. Our in-house proof reader (Lakshmi) pokes at my grammar whenever she gets a chance. While I was in India, whenever I sent an email, I would get a reply which is basically a corrected version of my email. If not for today’s word processors features, I would think twice before writing anything in English. Tamil, I just cannot write.
I still remember my eleventh standard tamil teacher reading my answer paper to the class on how not to write tamil (however he gave me a pass grade saying the content was correct and the ONLY issue was # of spelling mistakes). I studied in 12 different schools before completing my 12th standard and certainly it dint help my language skills. The main reason for the frequent change in schools was my dismal performance and my father’s transferable bank job. In terms of medium, standard and board of schools, I have studied in all type of schools ranging from tamil, english, hindi medium schools to state, central, private, Anglo Indian to a Ooty boarding school to a Tiruchi Tapovanam to a Madras corporation school to a private city convent, I have seen it all. Due to my own lack of performance in school and frequent change in schools, I really lost out on my language skills. To sum it up, I learned the importance of ‘Illamaiyil Kal’ in the hard way (study when you are young).
English, the occupational language is not really bothering me as much as tamil. I get lot of opportunities to speak, read and write in English and these opportunities help me refine and develop my English language skills. But Tamil, I am all lost, I don’t know where to start, but I know I have to start. Hopefully in the coming days (years) I will try blogging in Tamil.
I still remember my eleventh standard tamil teacher reading my answer paper to the class on how not to write tamil (however he gave me a pass grade saying the content was correct and the ONLY issue was # of spelling mistakes). I studied in 12 different schools before completing my 12th standard and certainly it dint help my language skills. The main reason for the frequent change in schools was my dismal performance and my father’s transferable bank job. In terms of medium, standard and board of schools, I have studied in all type of schools ranging from tamil, english, hindi medium schools to state, central, private, Anglo Indian to a Ooty boarding school to a Tiruchi Tapovanam to a Madras corporation school to a private city convent, I have seen it all. Due to my own lack of performance in school and frequent change in schools, I really lost out on my language skills. To sum it up, I learned the importance of ‘Illamaiyil Kal’ in the hard way (study when you are young).
English, the occupational language is not really bothering me as much as tamil. I get lot of opportunities to speak, read and write in English and these opportunities help me refine and develop my English language skills. But Tamil, I am all lost, I don’t know where to start, but I know I have to start. Hopefully in the coming days (years) I will try blogging in Tamil.
Friday, June 4
My late found love for english movies
Today is the release of Harry Potter - Prisoner of Azkaban and I am going to see it. I don’t know how it all started but now I like to watch English movies more than Indian movies. As a matter of fact I have got addicted to GOOD English movies. Before coming to the US, all my life I should have seen a little less than 50 movies. Believe it or not I did not see even movies like Jurassic Park and Lord of the Rings. Even when I flew into the US they played two movies (Catch me if you can and Harry Potter the chamber of secrets) and I preferred to sleep rather than watching them.
Today after one year in the US, I have seen more than 250 movies and my appetite for good English movies is still growing big. The single most reason for me to start enjoying English movies is the closed caption option in the TV (my brother (venkatachalam) was the one who introduced me to the concept of closed captions, Captions help you to follow the dialogues more closely). Initially I was so dependent on the captions feature, but after 250 movies, now I can live without it and still understand the movie fully. One more important reason for me to like English movies is the way they take it. Every movie is handled like a business project and has a sound script.
I could go on...but I guess its getting late for the show......Potter will not wait for me ...definitely not on the first day of the release.
Today after one year in the US, I have seen more than 250 movies and my appetite for good English movies is still growing big. The single most reason for me to start enjoying English movies is the closed caption option in the TV (my brother (venkatachalam) was the one who introduced me to the concept of closed captions, Captions help you to follow the dialogues more closely). Initially I was so dependent on the captions feature, but after 250 movies, now I can live without it and still understand the movie fully. One more important reason for me to like English movies is the way they take it. Every movie is handled like a business project and has a sound script.
I could go on...but I guess its getting late for the show......Potter will not wait for me ...definitely not on the first day of the release.
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