Thought for the day
”It is better to keep your mouth closed and let people think you
are a fool than to open it and remove all doubt."
-
Mark Twain (American, 1835-1910)
Word for the day
Stoic (n)
Not affected by passion; indifferent to pleasure or pain,
joy or grief.
(Source:
Dictionary.com)
Teaser for the day
Should the government enforce a mandatory "Annual
Cleanliness Certification" for all residential areas (urban and rural).
All elected representatives (Corporator/Panchayat member, MLA, MP etc, of the
areas should be collectively responsible for obtaining the certificate from the
"National Cleanliness Authority of India".
Some catching up
After having a great holiday in panoramic Himachal Pradesh, I am
back to work. I have spent past two days catching up with the events of past
ten days. It appears to me that last week was quite eventful in terms of news
flow. Though I could not find little material that about which I can say
authentically that "I missed it", there are few things worth taking
note of.
In particular I find the following event noteworthy as these
could have long term impact on general economic environment of the country and
therefore may influence the investment strategy.
(a) Law of the land
caught up with the mighty Ms. J. Jayalalithaa. She is the third tall leader
after Lalu Prasad Yadav and O. P. Chautala to have been sentenced in a
corruption case. Though Mr. Chautala has shown brazen contempt for the law last
week, I am sure he will regret it, much like Sahara group chief Subrata Roy, in
days to come.
(b) The prime
minister Narendra Modi made most of his elusive US VISA by staging a grand show
at famous Madison Square Garden of New York city. A typical Indian shown
organized by the local Indian community seems to have impressed many US
lawmakers. May be many of them will want to emulate Modi's campaigning style
for their forthcoming elections. PM also seems to have promised a lot to global
businessmen in terms of the quality and length of "Red Carpet"
waiting for them on Indian shores.
I guess they
take some time in formulating their fresh India plans. A hurried visit may
compound their disappointment.
(c) After Sardar
Patel, BJP and RSS have sought to appropriate legacy of Mahatma Gandhi. This is
an auspicious sign for the socio-economic structure of the country. I have been
advocating since long that salvation for Indian economy lies only in Gandhian
economic thoughts. (For example, see
here).
Besides, the
attempt to mainstream RSS is also approvable. In my view, it is akin to listing
of a PSU. The board who is used to work in surreptitious ways, suddenly becomes
transparent and accountable to public and open to media scrutiny. The content
of the supremo Mohan Bhagwat's RSS establishment day's speech only advocated secularism,
tolerance, nationalism and inclusiveness.
(d) The PM Modi made
yet another serious attempt to move up the political ladder. Rising above the
image of a protagonist of free market and business interests, he sought to don
the robe of a Lok Nayak. A success in this endeavor could potentially
accelerate India's socio-economic development exponentially.
(e) Hong Kong
students scared the mighty Chinese regime by putting up a spirited
demonstration. In my view, we shall see far reaching impact of this resistance
on Chinese administrative and governance structure.
(f) Commodities'
world witnessed turmoil with oil, metals, food, rubber all taking a serious
plunge. Equities corrected slightly, while USD surged.
At the end I would advice tourists to Himachal Pradesh to avoid
Shimla, a city having 1000x more people & vehicles than it is designed to
handle.
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