Wednesday, December 24, 2008

The Year That Passed

Recession hounded the year 2008. Here I will talk about just two issues, business and job market. Former was bleeding so the later was murky.

The problems of this year had culminated in August last year with large number of sub-prime defaults in US. The home-owners faced foreclosures and problems transmitted from housing lenders to entire financial sector. Retail, aviation, IT and outsourcing was to follow. Good number of techies and financial wizards got extra leisure time; some made suicides out of boredom, while some faced postponement of their marriages.

The economy has globalised. If west sneezes east catches cold. The business houses declared losses and started cutting cost for flexing their muscle. The pre defined economic notions altered. Sovereign funds of gulf and Singapore funded the financial institutions. Bank of England issued rescue package to UK banks, Federal Reserve was kind enough to provide $750 billion of emergency bailout. Even the big three of Detroit came out in the streets with begging bowl. Generosity prevails!

Job market was hit hard. United Nations predicted that 20 million people around the world will go jobless. This proved to be prophetic. Every day we saw the news of retrenchment under the caption ‘Corporate Layoff’. A few companies were hiring and gates opened for only quality workforce. Some PSU banks in India announced their recruitment programmes in big number.

Lets see what is there in store for the companies and the youth with skills and qualifications as a new year gift. Be positive and stay calm.

Saturday, November 22, 2008

Some Indian Issues

Every citizen of India has the right to express his/her views provided it doesn’t hamper the peace and freedom of others. In later paragraphs I am about to discuss some pertinent issues but given the gravity of the situation as the present economic crisis (in some countries officially declared recession) corrective actions should be taken at its earliest.

Agricultural Income – Why not Taxed?
India is a country where 85% of its population was dependent on agriculture at the time of independence. Majority of the population lived in villages. They were involved in the production of food grains without using modern implements. Naturally there income and life style was below standard. After six decades the figure has come down to 60 % and modern farming has been started for long. The agriculture output comprises almost 25% of our total Gross Domestic Product.
The situation of farmers has not improved, because of many reasons: over dependence on the farm, low land holdings, disguised unemployment, lack of storage facility, lack of irrigation facility, etc. Now everyone is bound to say that these fellows are leading their lives under pathetic conditions, their income is minimal and they should not be levied tax on their income.
But I say that income from agriculture should be taxed as we collect tax from business men, service class etc. I have valid reasons to support my views. First have a look at the poor who is involved as a labourer in a factory, or running a road side shop, or pulling rikshaw. Their condition is sub standard just like poor kisans. We are a progressive society and not taxing the disadvantaged. Now have a look at the lavish styles of big farmers, and sprawling farmhouses owned by them. The valuable properties in their hands are full of luxuries, and their income runs into crores. Think at this juncture; they should be taxed or not? Yes, of course.
The exemption of agricultural income under income tax rules has no significance for the poor. But definitely it provides unnecessary cushion to the big farmers with massive land holdings. They are getting tax exemption and exchequer is losing revenue all in the name of poor kisan. Then why we are practicing this system for so long? For this check the ownership of few farm houses. We get the clue. Almost all the politicians have a number of farmhouses and the income from this is fully exempt from tax. This is surely a political drama not a pro poor policy.

We are subsidising the rich
The subsidies and financial help of any kind to the poor make good sense. It helps the people have a taste of opportunities if they have missed the bus. It also provides a social equilibrium. India provides many types of subsidies in the areas of basic commodities like food, energy resources, education, medical facilities and input costs to agriculture and industry. The government gives subsidy to oil and gas companies to sell their produce at affordable prices. Education is funded by the government so that more number of men and women could provide their energies to the development of society. Subsidy is given to fertilizer producing companies so that the market price of this important input of farm comes down. Ration is provided on minimal prices to those living below the poverty line.
Some financial assistance is provided to selected few and some subsidies are provided above board. Subsidy towards oil and other energy resources is provided to all. Likewise every one can get benefited from the government funded education system. Some help like low prices on ration is provided to BPL families.
Subsidy to all irrespective of economic condition means assistance to the rich too. Petrol, electricity, gas etc. are sold at lesser prices to the people who can very well afford to pay more. The government funded schools are a complete failure. The well to do parents sends their children to the private schools while the poor children languish in the sarkari schools. These two groups of high school graduates compete for a seat in the universities and institutes of higher learning. The city slickers and students from convent and other private schools get admission in places of repute. The students from sarkari schools are thrown in colleges where professors go to mark attendance, and students to fill the forms and sit in the examinations. The higher education is largely funded by the government. Best part of these fund go fulfil the needs of students from well off families.
For how long we will continue this practice of subsidising the rich? Subsidy and financial help should be provided to only economically backward section. The haves should be provided things at par. Money thus saved should be channelled to give things to the poor at discount.

Remove rotten British traditions
The British came here with their ethnicity and habits. They developed the Indian administrative system with their national interests. The army, bureaucracy, courts, commerce and education were designed in British style. Army parades, civil administration, court proceedings, trading relations and university convocations all carried their traditions to India.
Before the arrival of our foreign masters we had our own system of maintaining army, carrying through court orders and trading patterns. We managed our seats of higher learning. All these institutions had their rituals and ways of doing things. As the saying goes the victors crush everything related to the defeated. Indian system of court, administration, education etc. was abhorred by them. They changed everything Indian. In the words of Pandit Nehru, “Like shadows on a stage these high officials continued to function in their old way, trying to impress us with their elaborate imperial ritual, their court ceremonies, their durbars and investitures, their parades, their dinners and evening dresses, their pompous utterances.”
He further says, “But new standards had arisen, different values had been created, and now this elaborate show was the subject of jest and ridicule.” After independence we continued with their style. The world has changed a lot. But our administration, courts, police, army, universities lack willingness to adopt new designs and style to perform the things at their disposal in a better way. Even the customs and styles in England have changed but we are living with inertia.The British rule has given us many good things. Only I want to say is to remove rotten and harmful conduct. See the high handedness of police, long delays in court proceedings, and all prevalent corruption and babu culture. All these have British origin. These evils of our society should be changed for the better.

Monday, July 21, 2008

Motivateering


Dear Afzal

Congratulations for getting promotion to XII. I was nearly disheartened with your performance in XI but I hope that you will change the course of the river. In this letter I will use some honey full spoons as well as thorny stick to ensure that you are well prepared to hit the bull’s eye.

The ultimate success for a muslim is to get a berth in heaven, as the life in that abode is luxurious without imagination and never ending. In this life also people have some aim. Someone wants to become a manager, a doctor, a journalist, an artist, a soldier etc.; some folks like you want to become an engineer. This is a great career and requires a lot of inputs. At this juncture I would like to give a piece of advice that be honest to you. You are strong and you are standing before a mountain, so climb the peak this is your target.

Afzal, your aim can be subdivide into i ) completing XII with flying colors, and ii) cracking the big nut, Engineering Entrance test. For the first you have only 10 months, and for second you can take the other attempt. The prudent action should be to concentrate on your XII studies and achieve a very high target which should be set by you only (No pressure to clear the test in first attempt). Remember that mediocrity has no place in today’s competitive world and setting small target is a crime. I am ready to provide you best coaching in Kota or Delhi if you get very good marks in XII.

Parindon ko manzil milegi zaroor
Ye urrte hue unke par bolte hain

Setting objectives is not the only requisite, you have to prepare a proper plan and execute that. To begin with you can set targets of aggregate marks and marks in each subject. Allot the timings for each subject proportionately. Revision of XI syllabus ideally should be done on Sundays only. Have some buffer time for unforeseen events.

Divide the total target into smaller ones to be achieved in a period of two weeks. Ensure that you achieve them regularly; if not take corrective actions and if yes reward yourself. For this you have to do self assessment on weekly basis.

Some tips:
1) Know the marks allotted to different chapters and pattern of the question paper. Prepare accordingly.
2) For theory prepare short notes as it helps in revision.
3) Improve your answer presentation skill. Writing an answer in a proper structure (point wise) will fetch more marks than writing the same thing in unstructured manner.
4) Memorize the points with first letters i.e.; M A R K S P I N, PODSCORB etc.

Brother, become a self motivated person. Look for more and always say to you, “I have miles to go before I sleep”. God helps only those who help themselves. A goal oriented person strives to reach that goal. When the goal is BIG one should have very good stamina. You are on a road where lacs of high spirited teenagers are competing for a loaf of tasty bread. When you have started your journey there is no looking back.

One’s companions are very important for achievements. Your pals should also be working with high spirit. Have your friends that competitive instinct? Achieving something big requires a lot of sacrifices. First of all get rid of any bottleneck which you have created (if any). Sacrificing festivities, visiting home etc., though pinching is necessary.

A healthy soul lives in a healthy body so take care of your health. Move ahead with bismillah on your lips.

Yours

Atif

Tuesday, July 1, 2008

Finally got the degree


At the time of admission students hope for their bright future. In a management institute like FMSR, AMU life is very practical. Classes, presentations, project works, and mentor sessions keep them busy; still they have to keep in touch with campus politics. They study hard, yet contest elections, organise parties and celebrate Sir Syed Day. The graduating batch of MBA and MBA(IB) received the degrees recently. Dr. APJ Abdul Kalam and Mr. Azim Hashim Premji was the chief guest and guest of honour respectively in the convocation. The programme was held in the famous Kennedy Auditorium. The hall was packed with teachers and students robed in green gowns. The faces were beaming with light of future.