Thought for the day
“Do not be anxious about tomorrow, for tomorrow will be
anxious for itself. Let the day's own trouble be sufficient for the day.”
-
Jesus Christ
Word for the day
Perspicuous (n)
Clearly expressed or presented; lucid; perspicacious
(Source: Dictionary.com)
Teaser for the day
AK on many occasions has publically pretended his absolute
faith in God, especially when asked about his security.
The question is if God is there to secure everyone, why
Delhi government needs police to secure the life of its citizens?
Or AK believes that God is exclusively on AAP duty these
days!
An
election about personalities and egos
The 3QFY14 results have so far been a continuation of 2QFY14.
There is nothing to suggest any break in the continuity – slowly improving US
demand, poor domestic infrastructure & capex demand and slowly contracting
consumption demand. Besides, a few large IT companies, most companies have
highlighted margin pressure, demand slowdown and cut in capex plans. Broadly,
most large cap results are in line with the expectations whereas mid cap and
small cap companies appear struggling. There seems nothing that warrants a
change in investment strategy or near term market outlook.
Given the status quo in market, naturally everyone is more
interested in politics these days. With AAP throwing an interesting X factor in
the arena, the discussions have become more exciting and participative.
In previous elections (except perhaps 1977), many people would
just want to listen to various opinions about the likely political scenario
post election without being actually concerned. This time however it’s
definitely different. Most people have strong opinions and are concerned about the
outcome of impending election.
This, in my view, is an encouraging sign for the strength and
vibrancy of our democracy. However, this could result in some unintended
election outcome in near term. In my view, many of the electorate could cast
their vote just to assert their newly found political expression, without
actually intending to usher a change or bothering about the consequences.
Wife of one dear friend, a third generation Congress supporter,
has committed to vote AAP candidate (whosoever it is), just to prove some
domestic points to her husband and father-in-law! Captain Gopinath has
admittedly joined AAP without reading its manifesto (now investors would know
why both his business adventures failed!). Mr. Kamal Farooqui wanted to join
AAP just to prove a point to Mulayam Singh Yadav. Ms. Sarabhai perhaps joined
AAP, not because she subscribed to its methods, ideology or programs, but
because she wants to avenge her defeat in last elections, which she contested
as an independent.
I spoke to many young enthusiasts who recently joined AAP in
past couple of weeks. No one, yes not even one, was clear about the basic
tenets of the Party, e.g., (a) who is an Aam Aadmi which AAP claims to
represent? (b) What are issues, besides corruption, which AAP stands for? (c)
What is the definition of corruption in AAP’s lexicon?
Anyways, as I said it has become interesting and exciting. The
wanderer in me, who has travelled across India just last summer, does not let
me believe that any revolutionary socio-political change is in the offing. We
may though certainly witness some evolutionary changes.
Notwithstanding, the aversion of Congress Party to a personality
based presidential style contest in the present context, the political
discourse is centered around personalities – primarily Modi, Rahul, and Arvind
Kejriwal.
In my view, Rahul and Kejriwal have nothing much to lose in this
election. It is Narendra Modi who has everything at stake. Tomorrow I highlight
how the universe is conspiring to keep him out of power.
No comments:
Post a Comment