Raju, NOT Hosiery!

The names 'Ramalinga Raju' and 'Satyam' seem to be the order of the day's idle discussions. The sort of thing that, if missed, would only make for pitiful ignorance considering the average Bengali's previous acquaintance with a hosiery brand named 'RAJU' which promised " shorir juurey norom chhowaa....aaponjoner moto" (tenderly touches you...just like your own) opposed to the itchy discomfiture that the Hyderabadi Honcho has put the entire nation in.

So let me not waste this God-presented opportunity of writing something useless yet verbose in the first place and drop in my two-pence if only to air my concern. So, here goes.

While FII, CII and God-knows-what IIs huddle together to salvage credibility for the rest of India Inc. a different set of predicaments, arguably more grave, seem to have raised its ugly head amidst the cauldron of chaos going full-steam under the circumstance -

The future of the freshers recruited by Satyam in the year 2007 and 2008.

The 'Business'-page of every leading daily has been abuzz with rumors of the Satyam take-over bids by IT firms such as Accenture, IBM and Cognizant. Though the pre-acquisition game of denying everything have been played well by all the concerned parties one wonders if the cards that are being held so close to their chests still bear the names of the panic-stricken individuals to whom the Satyam offer-letters were distributed with gay abandon till a few months back. If Mr. Raju was certain that the "tiger he was riding" would soon devour him whole why did he not stall the recruitment process a year back and hence spare unsuspecting engineering graduates the trauma of uncertainty in this volatile times. He can plead that he did not want to induce suspicion in a already super-competitive outsourcing market by halting the ritual recruitment drive but given the total vacuum of assurance that the freshers are now living in one can only guess the veracity of his "call of conscience" act that ultimately made the fraud public.

One shudders at the ordeal that awaits those who were taken in Satyam's fold and questions like the following arise:

Will the post-merger/acquisition scenario assure the jobs already pledged?
If the jobs remain a reality, albeit considerably blurred at this moment, what time-frame are we looking at ?
In case of bankruptcy being filed, malpractices being proved, assets ( if any) being liquidated what course of action should the 53,000 odd Satyam work-force follow ?
Is the Finance Ministry thinking on these lines of providing job-assurance?
Will anybody intervene?
Will the Left chip in with their own brand of hartals, michhils and dharnas to protest such a massive loss of employment ?
Will Mamata Banerjee storm the Satyam office ?
And lastly,
When can we next expect a Satyam ?


link: rediff.com

Post 26/11

The

The nation is in a state of mourning.

The shock-waves that stunned the country for 62 excruciating hours are now thawing into tearful farewells and heartrending wails, making us all aware, with every passing minute, of the terrible times we are living in and the juvenile sense of security we take to our beds every night.

Like in any great crisis, this one too has had its heroes – people who couldn’t care less about their own lives while saving others’. Some of them are being consigned to the flames as I write. Yet, before the fire in their pyres are out there will be legitimate queries from various quarters questioning the longevity of our outrage, the durability of this ire. And it is my personal belief that these people are not entirely wrong in suspecting our ability as a nation, as a polity and as a people to redress with a vengeance when wronged. History shows that we have always been a nation of the “Chalta hain” sluggards when it comes to prompt thinking and prompter action.

We bypass what is difficult; we overlook what is inconvenient.

The Sunday Hindustan Times had Vir Sanghvi in his Counterpoint column noting:

“Consider the US. Nobody blamed George Bush for 9/11. And for all his faults he was able to ensure that there would be no terrorist attack for the next eight years. Or think of England. The country was shocked by the 7/7 bombings. But politicians assured people that there would be no repeat and indeed, there’s been nothing since. Think of Indonesia. The Bali bombing has not been followed by any terrorist attack on that scale.

I can think of only three countries where terrorism reigns unchecked: Afghanistan, Pakistan and India.”

Just think of the other two countries in the same bracket and you will get the picture. Over the years we have become a generous recipient of terrorism exported by our neighbors (Pakistan being our ‘Most Favored Nation’ in trade is a valid excuse, maybe), an endless sink for all the toxic spawned in ‘their’ backyards and our tirelessness in this department still doesn’t seem to be remotely disturbed. If we are playing our “war of attrition” card here, I doubt if we are winning, in any possible way.

No one denies that given a chance our politicians would never tire of milking the terror cow dry. Be it terror of any “genre” – Hindu, Muslim, separatist, revolutionary and they cannot wait to throw their hats in. Add to this scene few well-timed elections and you get the entire circus running full-steam, not ahead by an inch but in circles.

The Media also plays its part well in the greater scheme of things. Some news channels, in their rush to grab the TRPs, did not even pay heed to a Home Ministry advisory while televising the Mumbai Siege “LIVE”. Perhaps their intuition had told them that the minister himself would need advisories on post-retirement pension schemes soon. But they ended up spreading the terror for the terrorists in their wake and that didn’t help the cause in anyway. Talking of media personalities, it is better if I don’t write at length my recent disillusionment regarding some of them. People who are supposed to have transformed the news-watching habits of the entire nation by their “fire-brand, no-nonsense brand of journalism” were seen thrusting mikes at the faces of dazed victims grappling with their new found lives after a horrid ordeal. And all that for “How do you feel?” .Stray bullets come at a premium too, it seems. All the respect which I had for their sensitivity to human trauma and their courage to fight for lost causes had instantly vanished.

“ Give a big man a great job and see how small he can be ” – I remember to have read somewhere.

The Big Question then is - If TERRORISM could ever have a perceivable end any time in the foreseeable future?

If “yes”, How?

A Federal Agency to counter terror can only be effective if it is kept isolated from the ever evolving political dynamics in our country or else it will end up getting mired in filing scams and disproportionate assets – an abiding legacy of our ministers. Also, in the first place, the installation of such an agency would require amendment of the Constitution which enlists Law and Order as a State responsibility. If this agency is to focus all its resources in handling terrorist activities it would need much teeth and meddling in its affairs would only negate the initial enthusiasm and rarify its real purpose. Tackling this new brand of urban terrorism will need extensive intelligence networking and enforcement of stricter laws. A few people at the top should be made accountable for the actions of the Agency.

The promise that this much-touted Agency holds, even in its days of inception, is immense and so will be the ignominy if it fails. But, we would want ‘the powers that be’ to do anything to try and avoid another 26^th November as we have just had.

Links" rediff.com, hindustantimes.com

Almost there

Things are getting from bad to worse now as MBA students look towards innovative self-employment programs  which apparently do not enjoy the sanction of law. It is tragic that the very people who got into B-Schools till last year in the hope of landing phoren jobs with astronomical salaries are now contributing their bit to the meteoric crime-rate in the capital. Given the catastrophic consequences of the global financial meltdown the situation could swiftly spiral into a bigger social crisis. 

Take for instance the plight of the thousands of recruited yet un-'called' for engineers in the country. If even a fraction of them decide to unite under the formidable leadership of some of these  management gurus the law and order situation can crumble within days. And given the ineffectiveness of our police laid bare by the Naxalites and the Mao-ists, they could soon establish a 'Free Economy' - where all educated criminals move scot-free, wielding their degrees as gate-passes to high-office. The days of "matric-fail" MPs and MLAs are numbered! A society where unemployed engineers and unscrupulous managers run the show - Mr. Murthy's  dream of building a 'Meritocracy' is here for real. 

But one has to be extra cautious in times of great change. Before you know there might be a call for united action against our 'meritocracy' in the UN. One can guess how swiftly they would act against a legitimate-order given that they are still undecided on their response to the dangerous Somali pirates. US drones might soon hover over our IITs and IIMs in search of WMDs ( Well Managed Departments) and unlike in the past, here they won't be disappointed. In this regard the ISI angle to the kidnapping cannot be overlooked. After all, this could be just a 'diversionary tactic' to shield their men in Waziristan. Man, don't these people have foresight! 

Till our millions in employment deep-freeze shrug off their collective indolence in favour of a thriving meritocracy ( in which I would be too glad to be the Minister of Misinformation and Typecasting) I think it will be a good idea if I start to work on penning my memoirs ( a documentary of these troubling times of recession and inflation and everything else) the title of which I have long wanted to be "Liquidity in Times of Cholera".

link: rediff.com

Singing The Singur Sopra'NANO'

As the 'Battle for Singur' rages a different kind of war is being fought out in all its raucous fierceness, far removed from the front lines - that inside the decorated drawing-rooms in Kolkata. The well heeled saheri babus are frothing at their mouths at the outrageous way in which Mamata Banerjee is pushing the entire state back by decades. Some suggest we may end up in the 'Ice Age of Industrialisation' if the Tatas say 'ta ta' to our offered land. Some even speculate the circumstances precipitating a tragic eventuality of another blood-bath in the image of Nandigram. In one word people are really getting worked up now. But then, every one has their reasons for the same.


A moment of thought for the farmer whose land was forcibly taken away from him- The land which he worships, the land which has nourished generations and still hold promise to provide for his children. The land that means much more than the amount stated in the compensation cheques being handed out. To those farmers the opinion of the urban elite is as alien in nature and as repulsive in content as the Octopus Meze served in some upmarket Vegas restaurant. And there can be no two ways about that.

Now for some other pointers.


Ratan Tata, the seasoned businessman that he is, will weigh his options in the light of feasibility under the circumstances. Two thousand crore rupees just cannot be allowed to flow down the drain. Add to it the tremendous promise and publicity that the 1-lac Nano has already generated and you are looking at a very ignominious exit for the first family of Indian industry from Bengal. I reckon his threat is not final. But it is also far from being hollow. The fact that his press-release was timed to perfection helps build pressure on the Trinamool to climbdown from their '400 acres' demand. And till the last reports came in the ice was thawing at places.
For the Tatas, Nano is a prestige issue. Singur isn't. They will do everything to meet their date of the first rollout of the car. A lot depends on it for them, their credibility, bankability and brand status. So, other car-plants (the one in Pantnagar is in the fray) might chip in to 'make the Nano' for them whereas the Singur land gets mired in inextricable political and legal battles in the wake of a complete pullout.

A very important point to note here is that the entire stretch of land that has been acquired( i.e 997 acres to be exact) cannot be doled back to the former holders, unwilling or otherwise according to the recent Land Acquisition Act. So a pullout will only end up being a Pyrrhic victory for the Trinamool Congress that may or may not translate into votes in the coming elections. The political edge will also get reasonably blunted in the urban fronts. Anxious parents in Kolkata have already started propounding conspiracy theories behind their wards' joining dates for TCS getting inordinately delayed. They fear the 'Singur fiasco' behind it all. Ridiculous but true.



The CPI(M) will go all out to project Mamata as 'anti-industry' and 'anti-development' and they will surely have some followers on that issue. Buddhadeb Bhattacharya's 'perestroika' though strongly contended as a policy measure in Alimuddin Street and Delhi will then gather sympathisers as does all reformist lost causes. He will be summarily sidelined and his backers will find it increasingly difficult to pursue his vision for West Bengal. As a whole we will revert back to being a regressive agri-intensive economy and feature at the end of the 'List of Highest Revenue Earning States' and pretend that its only because of the darned alphabetical order thing.


And to end what I started with. All these doesn't at all bother the average farmer. If it does, the state needs to awaken them to the fruits of industrialization first and impress upon them its advantages and gains. If there is a vision it is apparent that it is not shared and hence, this monumental fracas. We cannot afford to forget that we are still a nation of the poor majority. And the poor hardly have vision beyond their arm's stretch. We haven't yet progressed that far so that we could forget that reality.



photos: googleimages

Strata-game!

With the official withdrawal of support by the Left to the UPA Govt. at the Center the over all political topography of our national politics seems to have altered for the time being. I say 'time being' because of the "No Rupture is permanent" comment by the CPI's A.B Bardhan within a day of the Left pulling the plug on the Govt. To the average onlooker it might seem to be a daft remark betraying political opportunism for the future but to the seasoned follower of the The Great Indian Circus which goes by the name of 'national politics' in these parts this comment is a gem of a political profundity.


Not only does the comment hint at future alliances with the 'secular' Congress to thwart the coronation of 'communal' powers ( a stated Left policy) but it also is a sort of mischievous wink to the Congress High Command, hinting at the possibilities that might pose themselves post the 2009 General Elections. Moreover, my take (albeit at the risk of being dubbed a 'conspiracy theorist' of the vilest order) on the matter is that its another Left stratagem.


Let me explain first by enumerating the predicaments facing the Left before they decided to pull-out from the Govt.

1. Surging inflation, an impending oil crisis and increasing interest rates makes for a bad report-card after 4 years even if you are not in charge of the Govt. The Govt. runs on your borrowed support, dammit! Do something to show the people you are their 'Messiah in Reds'. Oppose every move. Stonewall every decision by the Govt. which poses short-term difficulties for the people but has long-term benefits. Public memory is short, remember ? In India its shortest.


2. Nuke Deal ? Yes, that sounds like the ideal issue for pulling the rug from beneath the Congress. Moreover, our GS doesn't like the Yankees much. Why couldn't they have penned something with the Chinese and called it the '一 - 二 - 三 Deal' rather than the 1-2-3 rubbish. It would have been much easier on our rigid ideological stance, you see.


3. Hello! Ain't we supposed to fight the Congress tooth and nail in every state where we have a foothold in the coming General Elections. 4 Years of sharing the bed is enough. Now is the time to abort the unwanted child. Its bad for business, you see, this getting seen honey-mooning for too long with your stated rivals. Its parting-time now!


4. But this won't be so simple. Pulling down the Govt would mean elections within 6 months and the party isn't even ready. The cadres aren't ready. Had a heavy drubbing in the last Panchayats in Bengal and now this. If this is any sign of things we will not fare too well in the next Lok Sabha. 59 might well come down to 30. Forget about the fanciful 'Third Alternative' we won't even be asked for outside-support. Gosh! No issue-based oppositions! No arm-twisting! No Co-ordination Committees! Nightmare! Nightmare!



Then there was LIGHT!

The Left decides to withdraw support and seek immediate trust-vote to prove the majority of the Govt on the floor of the House. I reckon this is why:

1. Withdrawing support makes us look like the only party left with any ideology. We will call ourselves 'pro-poor, pro-people, pro-farmer, pro-worker' again, the BPO segment notwithstanding of course. They are the 'New Bourgeoisie'. Gives us the moral upper-hand in a country where UP politicians are soon to rule the roost. Everyone knows what that means. The Congress will soon ( again) know what being SP-ied mean! They will come scurrying back to us in a post-election scenario. Even they know the expediency of choosing the 'Lesser Evil' out of two. Sounds fascinating!


2. Karat seems a tad too staunch for hard bargaining. Surjeet was more of a man-for-all-seasons. Doesn't understand the compulsions of electoral politics. No wonder Vir Sanghvi calls him 'the man who never won a Municipal Election'. Still, we will have to do with him. He's better than that Biman Bose.


3. Safe distance from the Congress now that we have withdrawn support. We can easily campaign against their 'anti-people' policies now. We were never a part of the decision-making apparatus. Were we ? However with the amount of time left for the present US Congress before the Presidential Elections ,the Nuke Deal will meet a dead-end soon. The UPA-Left Co-ordination Committee has served its purpose. What a great move was that! Was it Yechury's or Pranab's idea? This Committee? God! We should leave Jangipur to him again. He's a great man.


4. This is our common favourite. The Stratagem! Even Bimal Gurung's Gorkhaland number plates idea can't beat it. We are after all talking 'national' here. Here goes:

We ask for an immediate trust-vote motion. We vote against the Govt, against the 1-2-3 deal, but remember, not with the BJP. They just happen to be on our side, incidentally. We don't try too hard to rally too many parties, independents or splinter-groups in voting against the Govt. They remain blissfully absent or abstain on the day of the vote. The UPA Govt. proves its majority, continues at the Centre for the coming 6 months. No 'No-Confidence Motion' can be sought within that time-frame. So, we get time to dissociate from the Congress, protest in Delhi, stage dharnas and hartaals all in the interest of the common people while the Govt. continues. What's the use of crying 'anti-incumbency' when they are not at the helm. We will catch them in power these last 6 months. Sounds great!

Moreover, these 6 months our cadres can use to pile up whatever is necessary to win seats in the coming elections. Congress or no Congress, clout in the House is numbers at the end of the day. The rise and fall of Deve Gowda, I.K Gujral and the Third Front taught us that lesson all right.

Now, say all of you, isn't it a real good move ? This bringing down...errrr.........pretending to bring down the house....? eh ?


cartoon: courtesy: boloji.com

Oil Turmoil Hits India

With oil prices set to rise by 5 Rupees per litre from today we are in for another round of passionate hand-wringing and cries of exasperation from the general public. The signs are already there. The fireworks will promptly ensue. Political parties from across every perceivable political divide will join their hands in protesting this grotesque injustice. "How will the poorer sections survive? How will the middle-class fare? " will be their moot-points. The Left will stage street protests in Delhi lead by the likes of Mr & Mrs Karat in tow with the Boses and Bhattacharjees from Bengal. A single LPG cylinder costing 20 Rupees more will make them froth at their mouths with righteous anger and hurt at having had to support such a worthless government at the Centre for so long. But then, what could they have done otherwise. Support the 'communal forces' to form a Govt. ? Never!


The moderates will dub it as the proverbial 'unfortunate' and 'anti-poor' policy. The Congress will be quaking at their knees. With 12 consecutive defeats in State elections the nation over it is in a political coma, in serious need of a quick resuscitation it hopes it will find in Rajasthan( Gujjar uprising) and Madhya Pradesh ( anti-incumbency) in the coming elections. A vehement opposition at this crucial juncture, less than a year away from the General Elections, which might decisively turn the tide against them is singularly terrifying a proposition. And that has considerably cushioned the rod for the aam aadmi this time around. Otherwise a 10 Rupee hike per litre of petrol and a 50 rupees more for a LPG cylinder would have been the biting reality tomorrow morning. With the nationalized Oil Corporations running into huge losses by accommodating for heavy subsidies this hike had become inevitable for some time.


Crisis, be it food or oil, has become a global phenomena. Nothing can insulate the Indian masses from its effects and its better if we realize this reality fast and brace ourselves for some tough times ahead.The remedy to this global malaise is in planning ahead. The much touted vision of 'Energy Security' seems to have taken a permanent backseat with the Left having effectively steamrolled the Indo-US Nuclear Deal for the sake of hanging onto its logic defying 'Anti-America' stand. The Iran-Pakistan-India Oil pipeline also seems mired in diplomatic tangles with the pendulous nature of Indo-Pak relations. If our political visionaries ( now don't you start counting, you may not even end up with one) do not show resolve in tackling the situation and make a strategy for the future India's juggernaut might come to a most inglorious halt. And all in want of oil.

Sample this. China has already secured oil-mining rights throughout Africa, leaving hardly any profitable pocket for India to nudge, push or fit in. The race for oil is but over in Africa and its all China written across that continent. That leaves India to explore its possibilities in the Sakhalin belt and other Central Asian countries, which given its snailish pace of proceedings might never be substantiated. By all means, the energy situation for India seems grim in the future as oil-starvation will effectively peg back its growth rate to the pre-1990 4% figure, rendering the manufacturing industry vulnerable and infirm. So, assessing the situation in the light of the impending global crisis this hike is but a mild tremor. The real shocks might follow soon.

Until then, all hail Subhash Chakrabarty and hope that our bus fares don't go through the roof.

Adios.