Saturday 17 October 2015

How will you measure your life?


Here I wish to share a small yet important section of the book How Will You Measure Your Life? by Clayton M. Christensen, James Allworth and Karen Dillon. This book has received rave reviews in terms of touching the heart of the matter i.e. how to lead a life in today’s growing complex scenarios.

Earlier book of Prof. Clayton The Innovator’s Dilemma is a classic book on how disruption can cause trouble to well established institutions. This book is an extension of lecture given by Prof. Clayton. Here I wish to share what I liked the most in the book and which is very valid and pertinent today. This is Resources, Process and Priorities.

One has to read the book to understand many other insights provided by the authors.

Difference between Resources and Process

“Take a young man sitting in class. Teachers and Scholars can create knowledge, and our young man can sit in class and passively absorb the knowledge that others have created. That knowledge now becomes a resource for him; he might use it to get a better score on a test that simply measures how much information he has acquired. But it doesn’t necessarily mean he has acquired the ability to create new knowledge. If he were able to take the information he absorbed in class and use it to, say, create an application for a tablet computer, like an iPad, or conduct his own scientific experiment – that capability is a process.” (Page 129-130)

Difference between Resources, Process and Priorities

“Resources are what he uses to do it, processes are how he does it, and priorities are why he does it.” (Page 130)

Engaging the kids in endless extracurricular activities to see that they are busy or engaged

“Are the children developing from the experiences the deep, important processes such as team work, entrepreneurship, and learning the value of preparation? Or are they just going along for the ride? When we so heavily focus on providing our children with resources, we need to ask ourselves a new set of questions: Has my child developed the skill to develop better skills? The knowledge to develop deeper knowledge? The experience to learn from his experiences? These are the critical differences between resources and processes in our children’s minds and hearts – and, I fear, the un anticipated residual of outsourcing.” (Page 132-133)

On un-employment among young men


“I worry that an entire generation has reached adulthood without the capabilities –particularly the processes- that translate into employment. We have outsourced the work from our homes, and we’ve allowed the vacuum to be filled with activities that don’t challenge or engage our kids. By sheltering children from the problems that arise in life, we have inadvertently denied this generation the ability to develop the processes and priorities it needs to succeed.” (Page 134)

The Supreme

I was wondering whether i am the best or worth a person to speak on a topic which has created stir among the legal fraternity and Government. 

I was wondering what is this judgment by Supreme Court on rejecting the National Judicial Appointments Commission (NJAC) Act on 16th October 2015. I wish to list down my interpretation based on the articles read in Indian Express and Times of India:
·   The interference of executive could create more damage to the Judicial appointments rather than helping to have a transparency
·    The Judges themselves are the best to appoint fellow judiciary appointees
As a layman I see this as Supreme Court out rightly (4:1) rejecting the proposal by Government (i.e. Citizens who are authorizing the politicians to speak on behalf of them). I agree politicians do not discuss with us any matters after they are elected to power.
Here the questions is if Supreme Court can reject a proposal which was intervening in their process by executive, can I an individual reject any proposal by Government if it is found to be incorrect or biased or blinded by facts. A big answer is No (even if the individual is supported / formed by group of eminent individuals from Business, Film, Academia and Sports). Why? Because who will implement or endorse the judgment given by this eminent individuals. The questions that will come up are:
·       Who are these eminent individuals and who gave them the right to judge on issues?
·       Do these eminent individuals have the knowledge / capacity to judge?
·       Are they qualified?
Yes agreed the rejection of the proposal will have to be taken up in Court (third party) to decide about it. But in the NJAC Vs Court Judges who should be the third party?
The question is how I can decide about a case where I am one of the parties to the case? But here even if the Court was one of the party it could participate and not only participate but decide in its own favor.
The Court said the existing system i.e. Collegium System needs reform.
I think this is like I reject what you are proposing even though I know that I need to improve (I know I am not Perfect, but it is still better than your imperfect proposal)
Here it is very important to look at some of the questions:
·       Was it right for Supreme Court to decide what is good for them?
·       What are the chances that decisions may have been self biased?
·       Is the Collegium System going to improve the judiciary from here on?
·   Is there an answer to the question posed by Justice Chelameswar “ Question is what is the formula by which judges who can decide cases quickly and generate confidence in masses be produced
·   Is there any answer to the question posed by advocate Mathew Nedumpara “…… in the Supreme Court and 13 high courts, 99 judges belonged to families of judges and senior advocates. “They constituted 52% of direct appointments made from among lawyers,“
May be someone has an answer and just a food for thought why not go back to citizens and ask them whether the Collegium System or NJAC is the correct one. Oh! Then there will be a scholarly question how can 35.2% of illiterates (in India) decide about such a important matter and on individuals who have an impact on this illiterates.
I am here reminded of a headline appearing in The Institute for Policy Innovation June 16, 2009:
Who Will Control The Controller?
Clarification:
I am neither against nor in favor of Collegium System or NJAC. This is an introspection of a Citizen.





Saturday 10 October 2015

Talks on Shankara's - Vivekachoodamani

Vivekachoodamani is considered as best work in the field of Advaita Philosophy. Original work by Shankara is a question and answer session between a Guru and Seeker of Truth. Vivekachoodamani gives us an insight about Shankara's famous saying "Brahma Satyam Jagam Mithya".

It is not to be misunderstood that Shankara was not believing in Vishnu or Bhakti movement. There has been a misunderstanding about it.

To understand this, it is urged to men, please read other work of Shankara Bhaja Govindam where two stanzas are clearly indicative of it. They are mentioned at the end of this discussion.

The book titled  "Talks on Shankara's - Vivekachoodamani" by Swami Chinmayananda is worth reading. The message along with examples given to understand the concept by Swamiji is worth reading. An attempt will be made in subsequent posts to share those examples given by Swamiji periodically. This posts can be termed as the Vivekachoodamani - Series.

In the book Swamiji shares an example of Vairagya which appears in page 35 of the book:

"In Sri Gyaneshwar's commentary on the Geeta, the Yogiraja beautifully brings out this idea in a series of inimitable similes. Describing the attitude of a man of detachment towards sense objects, he gives some examples which are very striking and effective. He says that a man of true detachment will run towards sense objects with as much enthusiasm as one would rush out to embrace a dead queen's rotting body; with as much satisfaction as one would decide to quench one's thirst by drinking the pus flowing out from a leper's wound and with as much readiness as one would enter a boiling cauldron of molten iron to take a refreshing bath. It is a very powerful way of expressing the idea that where the intellect has come to a firm conviction about the hollowness of sense objects, the mind will not gush forth towards them with hopes and expectations of satisfaction therein. This sense of detachment that arises from a full application of one's discriminative faculty is called true vairagya."

Om Namah Shivaya



From Bhaja Govindam

bhagavad.h giitaa kiJNchidadhiitaa
gaNgaa jalalava kaNikaapiitaa .
sakRidapi yena muraari samarchaa
kriyate tasya yamena na charchaa .. (20)

geyaM giitaa naama sahasraM
dhyeyaM shriipati ruupamajasram .
neyaM sajjana saNge chittaM
deyaM diinajanaaya cha vittam. .. (27)

Courtesy: http://srikrishnaradha.com/bhaja-govindam/

Wednesday 7 October 2015

Impact of Interest Rate Cuts

Recent announcement by RBI (Reserve Bank of India) Governor, on September 29, 2015, with respect to interest rate cut by 50 basis points was one of the most awaited event. Some of the reasons are, this will lower EMI (Equated Monthly Installments) of housing loan, auto loans and help boost economic growth. 

The rate cut will benefit common man, according to RBI Governor; this is due to fall in inflation (interest rate normally is lowered when there is fall in inflation). Lot was written / spoken on the same day and subsequent days in various newspapers and media, many welcomed the move. Immediately, financial institutions like HDFC, SBI and other banks reduced interest rates.

Real estate industry believed that rate cut will help increase in sales. Industry leaders believe that this will be boost for the economy (which was desperately requiring a support from RBI in the form of rate cuts).

To quote from an article, appeared in Indian Express newspaper “To quantify, a new customer seeking a 20-year loan, amounting to Rs. 50 lakh will save close to Rs. 2,800 in EMIs every month”.

The question is how many get a housing loan of Rs. 50 lakhs with a salary of Rs. 25,000 to Rs. 35,000 p.m (per month). To get Rs. 50 lakhs loan one should have minimum salary of Rs. 70,000 p.m. ( approx.). Also, for a Rs. 20 lakhs loan minimum EMI will be approx. Rs. 22,000 p.m.

Yes, the rate cuts have arrived and gone. There are certain facts to be kept in mind; rate cuts are not going to increase demand for house ownership. There will be a small change in EMI (benefiting mainly new and flexible EMI owners). Further, the housing rate has increased beyond the capacity of common man. This has been referred in many articles.

RBI Governor spoke on August 2015 the following about real estate developers “I think we need the market to clear. With growing unsold stock, we need to see the ways to do it. Some of it might be by making loans easier, but we also don’t want to create a situation where prices stay high at the level which means demand can’t pick up,” Rajan said at the SBI Conclave. 

In other words, real estate developers have to reduce the prices.

The above statement by RBI Governor will contradict as fall in EMI is expected not to reduce real estate prices but it will stabilize it or used as incentive to marginally increase the prices.

Here, I wish to bring to attention the plight of women who are dependent on interest on fixed deposits left by their spouses and also men who have retired with meager fixed deposits. This class of people are non pensioners or pensioners with minimum pensions like Rs. 1,000 per month or little higher. The main source of income is interest income for household expenses. This class of people is going to be badly affected. It is said that with lowering of interest rates inflation falls and with a fall in inflation buying power increases.

I think people (especially economist and learned men) commenting on rate cuts and its impact on buying power have to rethink. They have to ask does fall in interest rate impact the following, which are basic requirement of human being:

·       Fall in transportation price
·       Fall in medicine price
·       Fall in Doctors fees
·       Fall in electricity charges , water charges or municipal charges Or
·     There will be spike in the demand of retired (with minimum or no pensioners) buying homes worth  Rs. 35 lacs- Rs. 40 lacs ( i.e. one bedroom hall kitchen) in urban areas / cities.

I do not think this cost will ever come down and can be afforded by left outs (i.e. retired with minimum pension or men working under contractual or unorganized sectors).

It is time to take stock of reality in a distorted scenario.

Sources:





Sunday 4 October 2015

Poems


Poems bind the essence of life. We tend to forget them and ignore its message of understanding life. Poems in few lines enlighten us about message which is mentioned in many pages.  There are many poems which are inspiring and enlightening. Selected two poems are captured below as I enjoyed reading them. 

Children by Khalil Gibran

And a woman who held a babe against her bosom said, "Speak to us of Children." 
And he said: 
Your children are not your children. 
They are the sons and daughters of Life's longing for itself. 
They come through you but not from you, 
And though they are with you, yet they belong not to you. 
You may give them your love but not your thoughts. 
For they have their own thoughts. 
You may house their bodies but not their souls, 
For their souls dwell in the house of tomorrow, which you cannot visit, not even in your dreams. 
You may strive to be like them, but seek not to make them like you. 
For life goes not backward nor tarries with yesterday. 
You are the bows from which your children as living arrows are sent forth. 
The archer sees the mark upon the path of the infinite, and He bends you with His might that His arrows may go swift and far. 
Let your bending in the archer's hand be for gladness; 
For even as he loves the arrow that flies, so He loves also the bow that is stable.


If – Rudyard Kipling

If you can keep your head when all about you
  Are losing theirs and blaming it on you;
If you can trust yourself when all men doubt you,
  But make allowance for their doubting too:
If you can wait and not be tired by waiting,
  Or, being lied about, don't deal in lies,
Or being hated don't give way to hating,
  And yet don't look too good, nor talk too wise;

If you can dream — and not make dreams your master;
  If you can think — and not make thoughts your aim,
If you can meet with Triumph and Disaster
  And treat those two impostors just the same:.
If you can bear to hear the truth you've spoken
  Twisted by knaves to make a trap for fools,
Or watch the things you gave your life to, broken,
  And stoop and build 'em up with worn-out tools;

If you can make one heap of all your winnings
  And risk it on one turn of pitch-and-toss,
And lose, and start again at your beginnings,
  And never breathe a word about your loss:
If you can force your heart and nerve and sinew
  To serve your turn long after they are gone,
And so hold on when there is nothing in you
  Except the Will which says to them: "Hold on!"

If you can talk with crowds and keep your virtue,
  Or walk with Kings — nor lose the common touch,
If neither foes nor loving friends can hurt you,
  If all men count with you, but none too much:
If you can fill the unforgiving minute
  With sixty seconds' worth of distance run,
Yours is the Earth and everything that's in it,
  And which is more: you'll be a Man, my son!

Source: http://allpoetry.com/

Saturday 3 October 2015

Power Of Time

Importance of Time is felt by everyone. Sometimes it is felt, all actions are governed or monitored by Time. Time ensures that events happen.

Here a reply from Maharaj Bali (Maveli) to Indra ( Devendra), when Bali waged a war with Indra, given in Srimad Bhagvadham is important. 

The message appeared in Aananda Mithran (Issue : XXXXXIII) Chembur July - Sept. 2015 page 14 article titled "MAHABALI" by G. H. Ananthanarayanan is reproduced below: 

"People engage themselves in war under the prompting of their collective Karma, brought together by the Power Of Time, and to everyone so engaged, fame, success, defeat and death can occur by turns according to that karma. 
Therefore, neither victory nor defeat is permanent with any party. Wise men face the regulating influence of Time in all these matters. 
They, therefore, are not elated or depressed in success or failure.
You seem to be ignorant of this. 
You who think yourself to be the master of your destiny without taking the factor of Time into consideration will be the object of pity for wise men."

About Me

This is the first blogging site for me. Here, the basic introduction about me will be given.
I basically hail from Kerala. Brought up in Mumbai Suburbs.
I am second generation Palakkad Iyer.
My native place is Koduvyaur.
I like Reading, Movies and Travel.