Lots but least.

I was reading "Man's Search for Meaning". Here Frankl writes, "In a position of utter desolation, when  man cannot express himself in positive action, when his only achievement may consist in enduring his suffering in the right way - an honourable way- in such a position man can, through loving contemplation of the image he carries of his beloved, achieve fulfillment." This sentence is self explanatory and true. I cannot argue this line as this is written in a real situation.

A news which broke my heart is that Chhatisgarh Govt. has decided to reduce paddy procurement in a bid to curb losses if the Centre doesn't allow bonuses. I am seeing dooms day for farmers as they won't be able to fetch the cost of farming if it continues. Yes, I agree this move will reduce the open market price of paddy which the consumer will enjoy but what will be the fate of the farmers. Need to rethink on it.

I congratulate Mr. Arvind Subramanian for his appointment as the Chief Economic Adviser to the Govt. of India. He deserves this post and above all his is a colleague of Mr. Raghuram Rajan, the Governor of RBI. These two same minded genius will certainly lead India to a new height. I was skeptic about this but after Mr. Subramanian's appointment, I am relieved.

Government of India has filed an affidavit before the Supreme Court of India and I donot have any opposition in it. A govt. can do what it thinks best in the interest of a nation.

Good Night to All. 

Nobel Prize to Jean Tirole for economics

Today i hear the news that Jean Tirole got the Nobel prize for economics, i am very much happy as someone outside USA has secured it for long time.

After almost 15 years, someone outside the USA has been conferred the Nobel Prize for economics. His research was very simple but full of deep analysis. He bravely understood the market power and regulation. He understood the "essential nature of imperfect competition and contracting under asymmetric information." Yes mostly economists understands and research assuming perfect competition but in reality it is  not. For me competition is created by wealth incorporating bad practices of incurring loss either for some period or upon some goods.

These days there is trend to incur loss earlier for capturing the market and then enjoy the monopoly once you got the brand. Marketing and business is very much different from politics. In business, the older you are, the credibility gets enhanced.

Mr. Tirole has rightly taught the practical significance of economic theory and it shuts the mouth of those who says economists are theorists only and have nothing to do with the practice. He points out that in some industries average costs are minimized when production is concentrated within a single firm.

He also argues that sustainability in an industry which requires rapid innovation is little bit tough as the firm innovates for some time and then new player comes in with super innovation. Whether you like it or not but there is a live example of facebook and orkut which substantiate his argument. Orkut fails due to want of innovation and suddenly Facebook innovates and get the dominance over the market.

I think we should take rest and good night.

Sunday makes me crazy! We change our god after instruction from Nautankibaaz Guru.

Oh Sunday! I love you! you make me crazy! This one day i could devote my time for my personal work and reading. During the week and round the clock, i have nothing much to do but to search for livelihood. To err is human, but it is frivolous for a professional like me. I am not expected to err. I have to be Mr. Perfectionist and so the life becomes boring.

Yes! I read a book today. It is not new but very old one. The Road to Surfdom. Yes I have researched upon the economic reason of establishment of colonial rule in India. What i found is very much surprisingly. There were three main forces which alleviated the poverty and slavery in India. One was ofcourse the fiscal policy which was nothing but to appease the foreign traders; second  was Land Taxes which hardly yielded the Indian Labours their profits after deducting the expenses and paying taxes and third was non other than Labour Laws which deprived them from their fundamental rights.

These days India is also going to be something like this. For few days FDI in every form is depicted good while before general elections, Indian protested it in mass. Why we change our god just at the instruction of few nautankibaaz guru?

Good Night! Take decision with open eyes. Do not follow blindly. Ask your soul and then reacts.

Globalization is Reality

When Prime Minister Narendra Modi Ji returned from the USA some of my friends have opened two schools of thoughts. One is dictating the pros of Globalization while others cons. Sometimes I am called upon in it as a guest and even after my refusal they drag me in at least to examine and declare the result. For me globalization is both good and bad. It is globalization which gave two World Wars in modern times. It is globalization which spread economic epidemic. It is globalization which keeps unrest between two neighboring countries and day after day egging the tensions on between them. But this happens only when globalization is the child of violent usurpation after breeding during the seizure of one country's sovereignty. 

When globalization is accepted and adopted by the countries for the welfare of the states, societies and locality, it gives the best result one has ever imagined. While it is helpful in reducing poverty, it creates lots of jobs. It makes countries dependable on each other. I agree that due to globalization, inequalities have increased and wealth has been accumulated in few hands but at the same time it enhances the standard of living of common run. Easy access of technology and reducing distances to treading has escalated the fascination of globalization. 

I am very much skeptic when government is bringing the FDI at the cost of labour. East India Company invested in India after depicting the miserable conditions of Indians and later Poverty and low wages of labour which discouraged the Indian Manufacturer and encouraged the British Manufacturer resulting in they were the pioneer of Industrial Revolution whereas we are lagging behind using technology even today in our industrial arena. Recently Rajasthan has changed labour law, as an industrialist, I could be happy but on humanitarian ground it must be argued. You are the democratic government of a welfare state and hence your first priority is to look after your elector and in any history of times labourers are the main electors.

Economic fraternity ends wars as it makes the nations strong in defense and weak in attacks. India is very much strong in defense and hence no first war will be launched on Indian side. Former Prime Minister Manmohan Singh has asserted "No First Use" policy regarding atomic weapon and it is testimonial of my statement. But, in Indian context I am seeing it differently. There are two ways of capturing the market (i) To make a balance of EXIM (Export - Import) between the countries and (ii) To annex some territory of the country what China and Pakistan is doing with us. If you balance the trade between these two countries with us, you may find they are in better position.

Making short conclusion globalization is best when it is based upon fraternity and it has ability to tie the countries in one single thread, hence it reduces poverty, increases standard of living and spread technology even at the bottom as India is the best example.