Finally, it has come to an end. Times Now visuals and reporting was too good on this topic. Ponting reacted today saying aussies are upset that Bhajji got away !!!
My opinion is simple, if aussie players can get away from sledging for so many years, why cant Bhajji? I seriously believe, that they are upset that some one is giving it back to them. Andrew Nel of South Africa should be careful when he plays australia in future as he would become the next natural target.
Thursday, January 31, 2008
Wednesday, January 30, 2008
India's Republic Day...
We just celebrated our republic day on Jan 26th and this day marks the adoption of constituition of India. Some thoughts on this event...
I am happy that India is growing at 9% and we have forex reserves of 300 billion USD, we are indispensable market force for consumer products etc etc etc...
What scares me is the following in India:
Corruption - Corruption is something which we are used to. Very negligible people would have got their birth cirtificates, driver license or Passport without indulging in corruption. It has become part of system. Corruption also covers cases like kidney racket, fake stamp paper etc... Basically, these are failures of system and people exploit to make extra money.
Lawlessness - I know every place is crowded but it doesnt mean that lawlessness can start with simple signal jumping, lane violation to land scam, tax avoidance. The number of example are countless and people are happiply ignoring the basics of integrity, honesty everyday and they go scotfree.
Judiciary - The number of cases waiting to be resolved and the last i read (if my memory is correct) is somewhere around 3.5crore cases all over India. No fear of punishment exists in India for people who have plenty of money as they can go on appealing and prolong the case for 10 years or so.
I am bored with arguments like enough of tax, i dont get benefit for the tax i am paying, politicians are swindling the money etc... When will we make a new beginning and create a platform which will take us to the next level?
I am happy that India is growing at 9% and we have forex reserves of 300 billion USD, we are indispensable market force for consumer products etc etc etc...
What scares me is the following in India:
Corruption - Corruption is something which we are used to. Very negligible people would have got their birth cirtificates, driver license or Passport without indulging in corruption. It has become part of system. Corruption also covers cases like kidney racket, fake stamp paper etc... Basically, these are failures of system and people exploit to make extra money.
Lawlessness - I know every place is crowded but it doesnt mean that lawlessness can start with simple signal jumping, lane violation to land scam, tax avoidance. The number of example are countless and people are happiply ignoring the basics of integrity, honesty everyday and they go scotfree.
Judiciary - The number of cases waiting to be resolved and the last i read (if my memory is correct) is somewhere around 3.5crore cases all over India. No fear of punishment exists in India for people who have plenty of money as they can go on appealing and prolong the case for 10 years or so.
I am bored with arguments like enough of tax, i dont get benefit for the tax i am paying, politicians are swindling the money etc... When will we make a new beginning and create a platform which will take us to the next level?
Societe Generale & Jerome Kerviel
Societe Generale (SocGen) revealed a shocking news last week that they had lost 4.9billion Euros due to illicit positions.
I worked for financial services industry for quite some time. I, myself was a stock trader taking care of proprietory trading (taking stock market positions on behalf of company). This episode puzzled me a lot and I started reading materials relating to this episode. My friends also suggested some links.
The accused trader's name is Jerome Kerviel and he is police / judicial custody and enquiry being carried out.
I personally believe that managers to whom Keriviel reported should be sacked first and the entire system of audit should come second in sacking. Third should be finance department who kept on releasing money as margin.
Bcoz, every manager should know what is the trading position and where it is heading.... trading strategy should be discussed with full team periodically and the same to be implemented. Audit team should know the trading entries which are entered in computer syste and afterall every trade should have got reflected in some account and back to back settlement should have also got tallied with exchanges for exchange trades and third party brokers for off-market trades.
Finance team should have atleast escalated the money requirements as apparantly Keriviel's trading positions ran above 50billion euros.
I feel, Jerome Keriviels would be created due to system failures rather than his fantasy to make money. Nick Leeson also exploited the system failures some 12 years back for Bearings Bank.
I worked for financial services industry for quite some time. I, myself was a stock trader taking care of proprietory trading (taking stock market positions on behalf of company). This episode puzzled me a lot and I started reading materials relating to this episode. My friends also suggested some links.
The accused trader's name is Jerome Kerviel and he is police / judicial custody and enquiry being carried out.
I personally believe that managers to whom Keriviel reported should be sacked first and the entire system of audit should come second in sacking. Third should be finance department who kept on releasing money as margin.
Bcoz, every manager should know what is the trading position and where it is heading.... trading strategy should be discussed with full team periodically and the same to be implemented. Audit team should know the trading entries which are entered in computer syste and afterall every trade should have got reflected in some account and back to back settlement should have also got tallied with exchanges for exchange trades and third party brokers for off-market trades.
Finance team should have atleast escalated the money requirements as apparantly Keriviel's trading positions ran above 50billion euros.
I feel, Jerome Keriviels would be created due to system failures rather than his fantasy to make money. Nick Leeson also exploited the system failures some 12 years back for Bearings Bank.
Monday, January 28, 2008
Chiranjeevi's fans attack Rajasekar
Chiranjeevi announced his intentions to float a political party some time back.
Extracted from Rediff today:
When newsmen asked him if he would join Chiranjeevi's political party, Rajasekhar replied, "I will not join his party. Chiru has no political experience."
Angered by the remarks, Chiranjeevi's fans rushed to the Bhimavaram railway station and tried to locate Rajasekhar's family who were leaving by the Narsapur Express. Later, past midnight, they made another unsuccessful attempt when the train arrived at Guntur.
When the train arrived at Secunderabad railway station in the early hours of Monday, Chiranjeevi's fans gathered there. On learning that Rajasekhar's family left for their home in a car, they got into four cars and chased them upto Punjagutta, where they attacked the actor's car
***********************************************************************************
Insane indeed !!! Probably, Rajasekar has become victim of their violent movie culture, gang attack, one man hero against society etc started showing on their normal life. or whether it is lawlessness when some crime is done by a gang, no one gets punished in India !!!
Extracted from Rediff today:
When newsmen asked him if he would join Chiranjeevi's political party, Rajasekhar replied, "I will not join his party. Chiru has no political experience."
Angered by the remarks, Chiranjeevi's fans rushed to the Bhimavaram railway station and tried to locate Rajasekhar's family who were leaving by the Narsapur Express. Later, past midnight, they made another unsuccessful attempt when the train arrived at Guntur.
When the train arrived at Secunderabad railway station in the early hours of Monday, Chiranjeevi's fans gathered there. On learning that Rajasekhar's family left for their home in a car, they got into four cars and chased them upto Punjagutta, where they attacked the actor's car
***********************************************************************************
Insane indeed !!! Probably, Rajasekar has become victim of their violent movie culture, gang attack, one man hero against society etc started showing on their normal life. or whether it is lawlessness when some crime is done by a gang, no one gets punished in India !!!
Saarang 2008 - rock show - IIT Madras
Good rock show. Lapped up by teens easily. IIT facilities are good. It turned out to be a excellent rock show.
Firebrands started the show around 7:30pm and it turned out to be a good performance. But some thing in the sound was lacking... i thought it was the singer's voice.
Prestorika took the stage by 9:20pm and they started the full blast as if what we had was not enough. Damn good performance and sound effect improved atleast by some 8-10 times when compared to Firebrands.
My gut feeling was Prestorika used some pre programmed loop in addition to 3 guitar and one drummer's music and bcoz of it the sound was indeed turned out to be super sonic. I Enjoyed real sound blast after a long time !!!
Firebrands started the show around 7:30pm and it turned out to be a good performance. But some thing in the sound was lacking... i thought it was the singer's voice.
Prestorika took the stage by 9:20pm and they started the full blast as if what we had was not enough. Damn good performance and sound effect improved atleast by some 8-10 times when compared to Firebrands.
My gut feeling was Prestorika used some pre programmed loop in addition to 3 guitar and one drummer's music and bcoz of it the sound was indeed turned out to be super sonic. I Enjoyed real sound blast after a long time !!!
Friday, January 25, 2008
Australian grand slam 2008
Lovely tournament this year indeed. Nadal, gasquet, Henin gone. Federer is seriously challenged this time and is likely to lose in Semis against Djokovic. Tsonga and maria sharapova played like as if they are possessed (by our own women god - mariamma)all through.
How will Federer and Nadal talking to themselves over dinner before leaving australia... my imagination goes like this...
"Yaar ivanga, engenthu varanga, edukku ippadi velayadaranga, nammalai gali pannuvanga pola, okkanthu, room pottu strategy discuss pannalama !!!"
How will Federer and Nadal talking to themselves over dinner before leaving australia... my imagination goes like this...
"Yaar ivanga, engenthu varanga, edukku ippadi velayadaranga, nammalai gali pannuvanga pola, okkanthu, room pottu strategy discuss pannalama !!!"
IPL Auction
BCCI does it again. They almost collected 6000 crores by selling team franchisee to biggies like UB, Mukesh Ambani, India Cement, GMR, Shah Rukh Khan, Preity Zinta etc... We need to wait and see how it helps young cricketers to perform, how the tournament is conducted etc... But, cricket gets excellent push as again !!!
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