Sunday 27 February 2022

Outcome of Russia Ukraine Crisis

 How the military establishments benefits by war, a classic example:

I don't know what to say, when he said we will use 2% of GDP for armament projects etc. , other members in the house were clapping. For whom they were clapping, for the defense companies or they were clapping like small child without knowing where they are venturing into.

The person in the video is the German Chancellor Mr. Olaf Scholz. 

Remember:

“The intimate relationship between the military-industrial-complex and the refugee-industrial complex is that they serve each other by first destroying nations and controlling their resources; and second by bringing to the West cheap laborers who do both menial and highly skilled work. This means that the system benefits from the victims twice: once by destroying their nations and stealing their resources, and twice by capitalizing on their labor and skills. More ironically, refugees often make ideal consumers for goods produced and promoted by the same corporations and warmongers who destroyed their countries, lives, histories, and memories forever.”

― Louis Yako

Tuesday 22 February 2022

The biased media writing

An article titled "Why the road to finish UP’s Saryu canal project went via jail, Dubai & a messy marriage" details the feat of UP (India) Government post 2017.

The article covers the difficulties faced by the bureaucrats in executing a massive project like Saryu Canal Irrigation Project. 

The article is worth reading for the sheer effort went in, to complete a project which was decades old. The challenges are exciting to read but need huge efforts to convince citizens to give up land for the project.

Now the tragedy:

Despite the wonderful coverage, the writer / newspaper nowhere mentions credit is to the CM Yogi of Uttar Pradesh. The writer / online newspaper is under the impression that the project was restarted in the year 2017 by the bureaucrats / local bodies.

Can anyone guess that a project like this can be completed without intervention from Chief Minister office?

Is it possible to move land registry office to a jail for a day by the bureaucrats?

The problem with the project and the writer / online newspaper was:

1. The ruling Government since 2017 was BJP (India) under a saffron wearing Chief Minister

2. The project was inaugurated by Prime Minister N. Modi (BJP) .

The only reference of BJP and the CM is mentioned as:

In 2017, after the Bharatiya Janata Party (BJP) won the UP assembly elections and Chief Minister Yogi Adityanath’s government took charge, it was decided to take up the project again on priority and finish it. The irrigation department went over each of the 1,300 complex land acquisition cases that had held up the work so far.

It is unfortunate that this online newspaper was created by Shekhar Gupta ex Indian Express Editor and at one time he used to be my favorite writer.

Tuesday 15 February 2022

Instance of Powerful Diplomatic Immunity

Twitter handle @rvaidya2000 posted a image of a book which stated how the Premier of a Country was involved in drug trade. I will reproduce the text not from the book from the source where it was mentioned.

One of the culprits, Hamid Hussain was not only the vice president of Government owned Habib Bank, but was as close as a son to the wife of General Zia ul Haq. He handled Zia's account and used banking channels to launder drug proceeds. The most startling revelation that confirmed Zia's drug connection was the case of one of his ADCs, whose name was not disclosed. The ADC concealed heroin in 100 precious lamps to be gifted by General Zia to the delegates at a special session of the UN General Assembly. General Zia suddenly changed his programme to travel via Iran and Iraq. In the process of shifting his baggage one of the lamps broke spreading heroin at New York Airport. Apparently the customs official checked all the lamps which were filled with heroin and seized them.

So the hunt was to know source of the statement stated in the book, as the book name was not clear in the tweet.

Google search helped me to find the source:

1. Narco-Terrorism and India's Security By Kshitij Prabha, Associated Fellow, IDSA

2. Contemporary Pakistan: Political Processes, Conflicts and Crises by Veena Kukreja and Mahendra Prasad Singh

Saturday 12 February 2022

NSE , MD and the Himalayan Yogi

 An explosive article detailing the SEBI probe on NSE pointed out a fact which is not digestible.

The Business Line newspaper stated:

Chitra Ramkrishna, the former CEO and MD of NSE, India’s largest stock exchange with a combined market capitalisation of close to $4 trillion, was guided by a yogi residing in the Himalayas for the appointment of Anand Subramanian, little-known in the industry, as the exchange’s chief operating officer (COO) in 2013. The appointment cost NSE ₹5 crore.

Ramkrishna referred to the unknown yogi as “Sironmani” [the exalted one] and shared with him information such as NSE’s five year projections, financial data, dividend ratio, business plans, agenda of board meeting, and even consulted him on employee performance appraisals.

An email from the unknown yogi even carried the diktat that Subramanian be exempt from the contractual 5-day work week and instead be asked to come only for three days and allowed to work the rest of the time at will.

Another email on September 5, 2015, from the yogi told Ramkrishna, “SOM, if I had the opportunity to be a person on Earth then Kanchan is the perfect fit. Ashirvadhams.” On December 30, 2015, Ramkrishna told the Yogi in her reply, “SIRONMANI, struggle is I have always seen THEE through G, and challenged myself to on my own realise the difference.” ‘SOM’ refers to Ramkrishna, and ‘Kanchan’ and ‘G’ refer to Subramanian, the SEBI probe revealed.

Same article states further:

Yet, Ramkrishna was made NSE’s MD and CEO in 2013 with a powerful politician in Delhi backing her, sources told BusinessLine. A forensic audit showed that only Ramkrishna and Subramanian were imaged/checked while the laptops assigned to them were disposed of as e-waste by NSE. Even their personal emails were not available for forensic audit. 

Now who could be that yogi, no doubt a powerful politician who should have controlled important portfolio of Finance sector from Delhi in the year 2012 when she was made MD of NSE.

The most interesting / foolish / rubbish statement was:

SEBI’s probe revealed that Ramkrishna communicated with the yogi, whom she had never met, over email, for almost 20 years and he guided her to appoint Subramanian as the second in command at NSE. “Their spiritual powers do not require them to have any such physical coordinates and would manifest at will,” Ramkrishna told SEBI. The contents of the email were not denied by her. 

Now we have to start questioning the mainstream magazines:

Chitra Ramkrishna: Queen of the Bourse - Forbes India

Award: Women Leader of the Year
Chitra Ramkrishna
CEO & MD, National Stock Exchange
Age: 5O
Interests outside of work: Carnatic music; likes to play the veena
Why she won this award: For striking a delicate balance between the exchange’s commercial and regulatory roles and keeping NSE ahead of the pack with a high degree of professionalism, new
products and cutting-edge technology.

Do they , Forbes India, have the rights (or courage) to take back the award bestowed on her?
Is the ashirvadams of himalayan yogi resulted in her getting the award?

Fortune Magazine (Top 50 business women in the world):

Four Indian business women were featured according to Economic Times article and they were:
1. Chanda Kochhar - Ranked 4th
2. Chitra Ramakrishna - Ranked 17th
3. Shikha Sharma - Ranked 32nd
4. Naina Lal Kidwai - Ranked 42nd

Top 3 were asked to leave their respective organizations. Top 2 fighting cases in court for governance issues.

Please note this is not against any particular gender but about how recognitions are fickle.

No doubt Chanda and Chitra are true loyal soldiers willing to take bullet for their leaders.

Friday 11 February 2022

Is it the truth?

Recently an important news appeared in Business Today:

According to James Quincey, CEO of Coca-Cola Company, Thums Up is now a billion-dollar brand in India. “Our local Thums Up brand became a billion-dollar brand in India driven by focused marketing and execution plans”, he said during a post-earnings call today at the US.

It is worth mentioning here, is Thums Up brand working because of nostalgia / because Indians simply love Thums Up and do they care who owns it and who is the brand ambassador.

Truly, Thums Up is a powerful brand.

The first step in freeing men from external chains was to emancipate them from the internal chains of false beliefs and ideals. To free one's mind of chains is to free it of the care of what is acceptable or viewed so by society, this is when true freedom is discovered. — John Dewey