We are what we are !!

 RBI's recent Monetary Policy announcement after MPC considered the latest economic factors, CPI etc , came out with no repo rate cut. Primarily because CPI is elevated and at an uncomfortable level as far as RBI is concerned.since the mandated and stated objective of RBI is now inflation control, RBI has decided to hold the rate this time despite the economic slowdown calling for a steep rate cut.RBI also mentioned that this year would see real GDP contraction after more than four decades, but still decided to save the powder for a more rainy day or for a day when the bang will be worth its buck. India is facing rising prices also esp. food prices, fuel prices and therefore is experiencing a cost push inflation. There is a school of economists who say the inflation is fueled by easy liquidity floating in the economy and the stock exchange boom , gold price rise all indicate to easy money into areas where some quick money can be made.Even RBI is predicting a rise in inflation level...

 Minimalism is an old concept but is gaining ground these days when Covid 19 pandemic is trying to devour the entire world. Minimalism is all about living with less. This is not a fad but a way of life of renunciation and deep withdrawal from worldly pleasures, which has a profound effect on the psychology of humans. In India, many of our Saints and philosophers have talked about leading life of penance ,sacrifice and total detachment. Even wealthy persons of yester years led a life like that of a Trustees of their wealth. Gandhiji also said this in his seven sins of life: "Wealth without work; Pleasure without Conscience;Science without humanity;Knowledge without character; Politics without principle; Commerce without Morality; Worship without sacrifice" It is said that Gandhiji also laid lot of stress on wealthy businessmen and persons to remember that they are Trustees not owners of their wealth which provide them an opportunity to serve the people at large and for social ...

  "All animal are equal, but some animals are more equal than others," wrote George Orwell in his allegorical novel Animal Farm. the stody in short conveys the meaning that the absolute power corrupts absolutely. His novel 1984 which is a classic dystopian novel, also wrote about Thought Police to persecute individuality and independent thinking . This novel and Aldous Huxley's "Brave New World" rank as two of the best dystopian novels of twentieth century. Huxley's novel describes a world where people are born and raised  through engineered artificial wombs and childhood indoctrination into predetermined classes or castes based on intelligence and labour. In all these novels, a world covered by intelligence which gives it an order and discipline predetermined by its rulers, is a dire prediction. Coming to Covid 19 driven world of today, our ways and methods are directed by rulers assisted by doctors, epidemiologists and virologists , and we are not at liber...

  Whenever any change in the IT Act is contemplated it should be put through only one filter which is "simplification" of the tax. Revenue considerations, whether an increase or decrease, not to enter as a filter for any piecemeal or Adhoc changes during the course of the year.  Simplification, reduction of tax, widening of tax base may be used as multiple filters for once a year changes in the Budget. Many times an amendment is done in the name of maximizing tax revenues and plugging loopholes. This is a pure travesty of truth. Instead, Govt should move towards simplification and ease of compliance. This obsession with revenue maximization is a colonial hangover. Very often IRS officers and CBDT also complain about CAG Damocles sword over their heads if they don't plug loopholes. Indirectly such a plethora of amendments and tinkering goads loophole industry to become more innovative.CAs, lawyers enjoy and thrive on this.More the loopholes and more the plugging.More they ...

Ram temple has been the dream of millions of Indians who are Hindus, Sikhs,Buddhists, Jains and even some Muslims if not Christians,Jews etc. Why I said some Muslims, is because some of them regard and pay respect to Lord Ram as one of their ancestors. I learnt that some Muslim women of Varanasi have been performing "Shri Ram Aarti" for the past 14 years every day and sing Ram dhun. Maryada Purushottam Ram has a special place in the ethos, culture, literature,traditions and whatnot of this country from Himalayas to Kanyakumari.He is a symbol of love and compassion and is celebrated that way in all Asian countries of Nepal, Sri Lanka, Thailand, Malaysia, Cambodia, Indonesia and Phillipines ,as I know of. Even Thailand's Royal Kings use the name of Ram in their titles. Ram has been a symbol of Unity and Gandhiji in modern days extensively used Ram for uniting the people of India under the banner of Purna Swaraj for Bharat. Gandhi in his Autobiography says that Ramayana and ...

VUCA 1.0 talked about Volatility, Uncertainty, Complexity and Ambiguity in the countries around the world and how this VUCA gets multiplied over the years with a purposeful push towards chaos. The laws of thermodynamics are called into play to describe what was chaos yesterday which has moved into the chaos of today and which will move into the chaos of tomorrow, with entropy increase. But to tackle VUCA 1.0 , I prescribed the following:   In a VUCA WORLD     - V olatile environment requires V ision to look beyond the immediate and prioritise     - U ncertainty   needs calm U nderstanding of the situation to be purpose driven      - C omplexity   demands C apability of mind to look at locks & keys      - A mbiguity   calls   for   A gility in the workplace to innovate, grow and excel. In VUCA 2.0 Bill George in his HBS article gives out a solution model instead o...

What do we know about EIA draft 2020? But even before we read it, we want to register our opposition to the draft. Does this attitude not reek of cynicism. Former UPA minister Mr.jairam Ramesh shot out a letter to Minister for Environment in Central govt,Mr.Prakash Javadekar saying that draft EIA allows post facto approvals going against the principle of assessment before projects are put up. There are some fundamental flaws in the assumptions behind the accusations against the draft. 1)Under the current EIA everything is hunky dory and the revised draft now is going to spell doom to the environment. For that, they are side by side quoting that LG Polymers gas leak disaster saying that this project has not obtained EIA clearances for the project still. These people, conveniently forgetting that this project has been put up as per current guidelines and not under the draft now presented, quote LG Polymer as an example of a violation of Environment Act. If the project had come up ...