Tag Archives: Current Affairs Commentary

Last week, by a Presidential directive, the Govt of India advised (or arm-twisted, depending on the way one views it) Coal India Ltd [CIL], a GoI-owned listed company to enter into long-term Fuel Supply Agreements with Power Producers – to supply at least 80 percent of the requirements of these power producers – who have been troubledContinue reading “Short takes – The Coal India Ltd’s dilemma”

Mithya –> Illusion Satyam –> Truth (also, the name of the now infamous IT company) It was with great disbelief that I heard the story of Ramalinga Raju’s confession. In fact, till I read it, on the web, I didn’t really grasp the enormity of the fraud. Now, his confession has showed us the ‘Satyam‘Continue reading “The Mithya of Satyam; aka the Satya(m) of a Mithya!!!”

Now, this – how 2009 will pan out – is a question that’s been ‘analysed’ in many fora already. So, yours truly would desist from doing it. In fact, my mind wanders and seeks answers to a number of questions… Again, that is something my mind always does. For a change, I’ll jot down aContinue reading “What’s cooking for 2009?”

A new financial year (FY 2008-09) dawned today, in India. There are hopes as well as fears about the same. How will the new FY pan itself out? Even if one goes by the trend as in previous years, this time around, the scene is a bit confounding and confusing for all stakeholders. The beginning of anContinue reading “Musings on new FY”

And, Finance Minister P Chidambaram has presented the budget for the year 2008-09. Lots of bouquets and brickbats……yes, but what is the bottom-line?   The two things that dominated all discussions seem to be the farm debt waiver plan and the substantial relief for the salaried class..And, therein lies the big idea, at least to me.  Continue reading “Budget 08-09 – What’s the big !dea?”

Yours truly had written about the sunrise sector of organized retail twice before (here and here). It wasn’t a complete account in any case, but what has prompted this entry is the discussion on the same on the Management Accountant Blog and the strike on June 27 by the organization of small traders (the Vyapari-Vyavasayi Ekopana Samiti) inContinue reading “Organised Retail – Again”

I found a few of the recent happenings to be really amusing….In my view, these kind of things can happen only in India……Read on…   The Prime Minister Dr Manmohan Singh, in a speech made at a CII function, asked India Inc to have a check on CEO & promoter salaries. He feels that they are paidContinue reading “It Happens only in India”

The Indian Rupee (INR) has appreciated vis-a-vis the US Dollar considerably in the recent period. It has gained almost 13 per cent since July-Aug last year. Even as recently as a month ago, it was moving in the range of Rs 44-45 per Dollar; now it is between Rs 40-41. Who all are happy andContinue reading “Reflections on the Rising Rupee”

‘Yours truly’ is not an expert in the complexities of Indian Constitution. However, that should not prevent him or anyone for that matter from airing one’s views on the same. On the basis of this belief, the following is a take on the tendency on the part of some of the stakeholders of Indian polity to interpretContinue reading “Misinterpreting Indian Constitution”

The Supreme Court of India, in its interim order, has stayed the implementation of the reservation of 27% of seats in central government-run educational institutions including the IITs and IIMs. Basically, the SC has agreed to two of the points raised by the petitioners: One, how was the figure of 27% arrived at? In other words,Continue reading “The Supreme Court strikes again”