Ayodhya Verdict is out - Core Dome area is Ramjanambhoomi

The operational Judgement is that the place would be called Ramjanambhoomi as it is hence the most important judgement of decade is out. The core 1/3 area(Dome Area) is Ramjanambhoomi, The 1/3 area constituting Ram Chabutra and Sita Rasoi is given to Nirmohi Akhara, Sunni Wakf board gets the other third part.

Jus. Sibghat Ullah Khan's Judgement - Original
Jus. Sudhir Agrawal Judgement - Original

Top 50 online website brands in India

I was just surfing on net and came across this list of 50 most valued websites in India, thought it would also interest my blog readers as is the latest list:

Rank	Website Name
1	google.co.in(google search)
2	Yahoo mail
3	Gmail
4	Yahoo.com
5	Yahoo search
6	Orkut(is on decline though)
7	Rediffmail
8	Rediff
9	Yahoo movies
10	Naukri.com
11	Hotmail.com
12	facebook(would probably in top 5 now)
13	Yahoo cricket
14	Yatra.com
15	Rediff sports
16	timesjobs.com
17	indiatimes.com
18	twitter.com
19	youtube.com
20	shaadi.com
21	rediff shopping
22	jeevansaathi.om
23	monster india
24	justdial.com
25	wikipedia
26	bharatmatrimony.com
27	msn
28	bollywoodsargam.com
29	iplt20
30	blogspot.com
31	santabanta.com
32	indianedu
33	picasa
34	bharatstudent.com
35	shine.com
36	makemytrip.com
37	indiastudychannel
38	raaga.com
39	ask.com
40	bing.com
41	ibibo.com
42	freshersworld.com
43	quikr
44	ebay.in
45	clickindia
46	metacafe
47	indiastudycenter.com
48	linkedin.in
49	cricinfo.com
50	Amazon.com

RTI act - will it work in land of Goons?

RTI act or Right to Information act for every public undertaking was passed by Congress government to bring transparency in government works which would mean less corruption and the guilty would be given some sort of punishment at a faster pace(not because the legal system would act fast but because the concerned person's corruption act is known early...) however in the time span when this law was passed and today, It has only led to deaths of the RTI activists only, I know that corruption is in blood of every Indian(only the intensity differs). but killing RTI activist just to save image is inhuman, My post on how corruption is in blood of politician can be read by clicking here.

Every day there is some news about killing of RTI activist especially in states where there is more, probably it can only work in bollywood movies like 'well done Abba' where the RTI act was used to bring corruption in public. Now according to me the thing is as soon as an activist come out with a shocking act of corruption through RTI, One copy should be printed in next day's every daily newspaper so that if the Goons(concerned politician) is able to kill that activist the case would become even stronger because media is the one thing which Government takes a bit serious than even the RTI act.

The law for protection about whistleblowers is looking very inaffective still as this is a thing which is against the politicians.

But looking at scenario and Manmohan Singh's, Rahul Gandhi's initiative i feel so that corruption would definitely lesson in coming years but then I feel that if another news about killing of RTI activist comes will surely kick my feeling away.

Time for consolidation of indian IT Companies has arrived

Indian IT industry has withstood the 2008 recession well, All thanks to the cash pile and the margins and the meager pay salaries over the last two years, The reason for coming out even strongly is the cost cutting measures ranging from sending fewer people on-site, some price negotiations, giving no salary hike for two consuctive years to employees(on name of recession), firing people secretly(so that stock does not plummets) etc, etc, this list goes on.

Putting together these all measures have been very good for the biggies in Indian IT industry like - TCS, Infosys, Wipro etc. These companies have lots of people on their bench hence lowering the bid price in recession time helped in increasing the percentage of billed employees.

This above scenario has not been possible for mid tier IT vendors like, Patni, Tech Mahindra, Mastek all of them still showing decrease in profits YoY, The reason is simple The biggies of Indian IT are eating their food by bidding at the same price of these mid tier companies, thus taking even smaller projects on which the mid tier IT Companies depends. Since the potential client is now well aware of these biggies they prefer to give new projects to these rather then mid tier companies which is the biggest area of concern for these smaller companies.

They can't compete with these biggies thanks to the bench strength and the cash pile of these bigger companies, Now in such a scenario where there looks no hope for smaller and mid tier IT Companies, the best method for coping is to be acquired by the biggies or bid to these biggies at even lesser rate for further outsourcing(looks rare possibility as margins are already wafer thin), adding further to IT companies owes is the increase in Visa fees by US Government.
Thus after Indian IT comes out of the recession completely we can possibly see consolidation in Indian IT space. This would definitely help in making global companies which can compete with likes of Accenture, IBM much more efficiently and effectively. Hence it would not be surprise if news about one of the biggies acquire a mid tier or smaller IT companies which would definitly help in the niche domains where the smaller IT companies work.

Hence I can conclude that time has finally arrived when we can see consolidation in indian IT industry which would definitely make Indian IT companies competency even bigger and more powerful. thus offering some serious competition to US biggies like Accenture and IBM.

India's 5 million aid to Pakistan - analysis

It might look very stupid thing being done by Indian government by giving $ 5 million aid to flood hit Pakistan. to me personally it looks a very optimistic move and the aid amount will surely have backing of every political party(I'll tell reason in this post).

In my thinking advisors to PMO and other central ministers have played a very nice move in the ongoing game of chess with Pakistan. This would help in mounting global pressure on Pakistan later in supressing terrorism globally, I have not heard about any big terrorist activity in pass year and half, which is only due to fact that global pressure is mounting day by day on Pakistan.

USA also put pressure on Pakistan in accepting India's aid. Now the question is how this would help Indian Government in it's actual motive behind the move. After giving aid one thing is sure that in the eyes of Pakistan(particularly it's people after reading this news about aid in newspapers) the image of India as country must have changed(though it might be a very meagre initially). Also this move will be very helpful in long term as surely Pakistan would play a softhand in future against India(from terrorist activities perspective) which would mean that government would save even more than 5 million dollars which it currently spends on army budget. I know my post looks too optimistic but this is what I feel the reason why Indian Government has done it.

The basics of Indian Politics - how corruption starts from base

I was thinking from long time to post this but was not getting time for the same, finally I managed to spare some time to tell about the basic functionality model of Indian politics and why it is often referred as politics led by goons. I request to please post your views about the same in the comment section.

It is true that most of the Indian politician are goons who win election by distributing money among the poor people, and the politicians are most after the poor people who can be purchased by distributing a couple of whiskey bottles or by few thousand rupees, which comes down to few hundred rupees in case of Bihar.

I was wondering how can so much dirt get into system that too at every level. well I got answer in few days and here is what I concluded.

Most of the poor people or low income group people(bus drivers, Auto drivers, sweepers ) to list a few are the ones who are very fond of politics not because they like it but to earn money, A person who has no work, no job to earn money is type of hired by the local politician at not much wages but given a commitment that if he/she wins in smallest level election then there would be lots of money around and the person (having no money presently) says a yes and becomes a chela of that to be politician. Now the task is how to earn votes in coming general body election or any other election, Since they have not done anything good for the people but still want to win, they start corrupt practices like giving warnings to people to cast them or face the music(taking advantage of weak police system), In India Police can be termed as goons hired by politicians legally to take money from the literate(well settled individuals). but in case of poor people they dont give such warnings(because they will get nothing in case they even kill the person for not casting the vote to them) So they purchase their votes by paying a meagre amount while also maintaining some sort of ledger of the money spent on whole election campaign. Since they start from smaller area hence people to purchase is very less hence the budget is fixed too. Once they win the election by giving money, bribing police, they feel very happy and first take out the money out from government funds(which is indirectly the taxes collected from the well settled people).

They charge compound interest for their money and fill their stomachs and houses as this stolen money would now become input for purchasing votes for the next level of elections(which covers larger geographical area), The person who helped initially now becomes a legal goon which is used for killing a competitor and the police is used by same politician to show it as either a suicide or road accident(I have not heard of any third type of killing strategy used by the politicians in India for killing of their competitors).

Now when he follows the same strategy and wins the elections again then he becomes the god of the area, which gives him power to do all the illegal activities, drugs, call girls mafias, murders, licenses to builders etc. From all these activities the percentage of now minister's share reaches at end of the day or weekly or monthly(depends on how the politician wants that money) and this is all hard cash. Local police helps in watching that all the illegal activities are going on nicely and they are getting their share at time.

The things shown in movie Rajneeti are very true(however it depicted only the killing of competitors part, I discussed earlier). Now since the whole nexus created by the politician of that area is functioning smoothly he makes a lot of money.

The tragedy here for medium income group or middle class people is that their vote has no effect as the number of poor people surpasses them and would always be the same in future too. but the money which goes into politicians pocket is the one from their taxes :(

Hence no politician ever talks about providing jobs to the people as in that case their own job would end because they know the truth about their doings and no person would ever want that his/her source of income should stop.

So this was my try to depict the working of indian pilitics and indian politicians(in which the middle income group has no effect)

PLEASE GIVE YOUR COMMENTS ABOUT WHAT TO FEEL ABOUT THIS

Core investment norms released by RBI

Reserve Bank of India on Friday said core investment companies with assets over Rs 1 billion will be required to obtain certificate of registration from it while the ones below Rs 1 billion need not.

A core investment company means a non-banking finance company which holds not less than 90 per cent of its total assets in the form of investment in equity shares, preference shares, debt or loans in group companies, the bank said.

Indian Forex reserves at $ 287 billion

India's foreign exchange reserves rose to $287.356 billion as on August 6, from $284.183 billion in the previous week, the Reserve Bank of India (RBI).

Foreign exchange reserves include India's Reserve Tranche position in the International Monetary Fund (IMF), the RBI said.

14000 crores as subsidy to Oil Cos

The government will give Rs 14,000 crore in cash to Indian Oil, Bharat Petroleum and Hindustan Petroleum to make up for the losses incurred on selling fuel below cost in the first quarter of 2010-11 fiscal.

The Finance Ministry today sought parliamentary approval for additional spending of Rs 68,294.30 crore that included Rs 14,000 crore "for providing compensation to oil marketing companies towards estimated under-recoveries on account of sale of petroleum products."

Retailers IOC, BPCL and HPCL lost about Rs 20,275 crore on selling petrol, diesel, domestic LPG and kerosene below cost in the first quarter of this fiscal. Of these, losses of upstream firms like Oil and Natural Gas Corp (ONGC), made up for one-third or Rs 6,690.68 crore.

Key rates decision after analysing Inflation problem root - RBI

The Reserve Bank of India's (RBI) monetary stance will depend on whether it perceives inflation as stemming from excessive liquidity or due to supply constraints, the country's top civil servant said.

On Tuesday, Cabinet Secretary K.M. Chandrasekhar allayed concerns of persistently high prices, reiterating the government's forecast of headline inflation easing to 5-6 percent by the end of the year.

India's annual headline inflation stayed above 10 percent for the fifth straight month in June, cementing expectations the RBI will raise interest rates for a second time this month to contain price pressures.

A majority of economists expect the RBI to raise key interest rates by 25 basis points in its quarterly review on July 27 and tighten policy further in coming quarters, a new Reuters poll showed.

"A call will have to be taken by the Reserve Bank (RBI) on whether inflation is on account of high money supply or is it on account of certain sectoral reasons, some supply constraints," Chandrasekhar told a news conference.

Some analysts have pegged capacity constraints in the rapidly expanding economy as the main reason for a surge in non-food inflation, pointing out a slowdown in May industrial output, despite robust domestic consumer demand.

Further, expansion in the M3 money supply, the broadest measure of liquidity in the system, has just picked up after slowing down since the year began and lags credit expansion.

Exports to EU countries increases

According to latest report exports to EU union have increase YoY. So does it mean that EU is coming out of bad times...The answer might not be so easy currently, have to wait for another quarter for sure to analyse.

Details:

Exports from India to the 27-member EU increased by 18 percent to 10.7 billion euros in January-April 2010, compared to 9.1 billion euros in the corresponding period last year. and also Exports from the European Union (EU) to India shot up by 28 percent to 10.6 billion euros (about $13 billion) between January and April 2010, compared to 8.3 billion euros in the corresponding period last year,

Good Move - Rs 8000 crores for mid day meal scheme

This year the Centre has alloted rs 8000 crore for the mid day meal scheme , hence there would be more enrolment for schools for sure thus increasing the number of literates in country.

Flashing back to midday scheme: Mid-day meal scheme was first evolved by former Tamil Nadu chief minister K Kamaraj and now it has been taken as a role model for the entire country.

Pathetic - Gujarat Gov unable to collect Tax dues

The booming economy of Gujarat has a darker side too.. as their are many big companies which do not pay their taxes and Owe 4000 crores as taxes from 2006 onwards.

The biggest revenue churner for the state government — the commercial tax department that accounts for 60-70 per cent of the state government’s revenue — may have breathed down a small trader’s neck to recover dues. The department , however, find it difficult to explain why they have been unable to recover Rs 4,775 crore from 13 major units in the state since 2006. The amount includes Rs 1,264 crore in interest.

Indian Economy's GDP pegged at 5 perc for 2010-11

Indian Economy's fiscal deficit for year 2010-11 is predicted to be in line of 5 percent of GDP according to Nomura. Which means it is much less then the predicted.

The government is also looking at raising Rs 40,000 crore through disinvestment this fiscal. It has already raised over Rs 1.06 lakh crore from the sale of spectrum for 3G and Broadband Wireless Services (BWA) services.

The research firm also said that one-off expenses on pay arrears and fiscal stimulus are set to fade. Hence government would borrow 15000 crores less in this financial year.

I am waiting when India would see it's first budget with zero deficit, that day will be golden day for Indian Economy....cheers!!

Normal Monsoon brigtens hopes for decrease in prices :)

(posted under - Monsoon updates, Economy of India) -As the country is now completely witnessing normal monsoons all over, The monsoon is ahead of schedule by 9 days according to metrological department, The Inflation will surely come down in couple of months from now on..

The revival of monsoon rains, the main source of water for 60 per cent Indian farms, will lift soybean and groundnut crops in the world's top vegetable oils importer and help the cane crop in the Uttar Pradesh state, which produces half the cane in the world's top sugar consumer.

The weather office expects total June-September rainfall to be normal despite the June deficit.