Indian Youth

Saturday, September 6, 2014

The general life trend in an Indian youth's career has changed over the years, particularly graduates of engineering  colleges.  But, always there are exceptions.
1970's to 80:
  • Engineering degree was still a male bastion, with few exception.
  • Preferred jobs in Railways, Telephones, TNEB and public sectors like BHEL, BEL.
  • Once in job, book 'Bajaj' scooter which take 7 years to delivery. 
  • Save excess money towards taking delivery of ' Hamara Bajaj' Scooter and marriage.
  • Post Marriage save money for kids education.
  • 'Loan' for personal use from  Bank is unheard.
  • Close to retirement, plan to buy house from saving.

1980's to 90's.

  • Girls prefer Engineering too. Yes, both are equal, what's wrong. Engineering is no longer a male bastion.
  • Preferred jobs still in public sector and some in large private sectors.
  • If Parents not dependent, if one is good in studies look at going abroad for post graduation. No worries, if stipend not available ready to work in Petrol banks, stores.
  • Still 'Loan' for personal use be it home, consumer, education not available. 'Loan' from Public sector bank are only for Commerce & Industry.
  • 'Body shopping', 'H1 stamping' is widely discussed, if one has couple of years experience. 'H1 stamping' is treated as a life time achievement and probably, the eligibility for marriage.

2000's and beyond.

  • Layoff or recruitment freeze in Public sector.
  • Whatever be the field of engineering study, preferred jobs are  from so called 'Tier 1' IT services company.
  • Yes, campus recruitment and who is bothered about whats the job role. Experience matters.
  • Private banks enter Indian market, with door step services for all loan needs be it home, consumer, personal. Hold on, bank did not advertise door step services, if you want to make part payment later.
  • Word such as 'Body shopping', 'H1 stamping' looses charm. The word 'EMI' is widely known and available for whatever you want.... right  from baby birth till the end.  Yes, includes the recent addition of education loan too....
  • Once in job, buy a smart phone(size of laptop) for text ting and browsing wherever you are. Can't waste time. Ensure to change every six months to a year.
  • Few years in jobs, buy a house - more due to parents and peer pressure, preferably with metro city pin code and a car as well. Yes, otherwise real estate will go up every month - inputs from well-wishers and off-course purchase is through bank loan ranging  10 to 30 years.  Hmm... start working to feed the bank !!?!! ..............meant EMI.
  • Few more years on... with husband and wife both working, debate about who will take care of kids. No worries SOS parents to take turn to take care of kids.
  • 'Saving'.... where?.... money disappears to service EMI, life needs and off course the ever increasing inflation......
Already, you should have started hearing about 'Reverse Mortgage' option of house for senior citizen. 
Yes, Banks are innovative and would continue to offer door step services for all loans needs at whatever stage of life, if you are able to work or make your assets work for bank and you..... at any time or any where..

Yes.. its all 'virtual reality', I own everything but its not mine ......................... (Hypothecated to bank :-) ... ). 



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PM: The Indian way with Modi wave.!

Saturday, May 17, 2014


It had been quite some time since my last post on my blog. May be, run out of thoughts as what to post or nothing interesting happened to write on it. With General election results out, its time to express my personal views.

All exit polls predicted a win for BJP. But, non would have expected Congress getting less than 50 seats in final tally. Cong by getting less than 50 seats, cannot even have a leader of opposition on its own. This might be also a first time in 30 years there may not be a leader of opposition, as they ask is the party needs to be have won at least 10% of the total seats.

Gone are the days of one way communication from politicians to public through DD or news paper. The visual media and social media have become powerful and a small mistake any where can cost politicians dearly. Like a T 20 match, the margin for making errors have become very narrow. Public focus these days, are just not limited to politician, a political set up or those who are related to it cannot get away after making adverse comments like 'Mango people' or 'Banana Republic' or having undue protection from Government. 

Everyone acknowledges that change is happening, but changes seem to happen quite fast, even less than a year changes can happen. AAP, which made a dream start in Delhi assembly, seems to have lost focus. When Team Anna was agitating the agenda was on corruption and on the ruling government for allowing it. However, in general election AAP performed badly. Not sure, whether  AAP, lost focus about the objective for which it was formed and in the process all seats even in Delhi was lost, which they won in Dec 2013. People decision on voting changed in less than six month towards AAP. 

After 30 years, a party on its own is having a majority and a first non-congress party to have majority in its own. Last time, it was in 1984 when Congress won over 400 seats and since 1984 each successive government was in collision. Even, in case of collision the country look upon a government and more particularly its leader to be decisive. A collision leader could be true and honest, but the people do not to take lightly the statement such as 'Collision Dharma' from  leader of a ruling party, particularly when corruption or kick back happens uninterrupted.

 Democracy is great and at times it can be challenge as well for political parties. At certain point of time a democratic leader have to take tough decision on his own and take responsibility for it and at times the leader might needs to consult elected representative or people. Again, when to consult and when to take responsibility to take tough decision on his own defines the present day ‘democratic leader’.

 I hope, BJP does not get carried out by election victory. The BJP is bestowed with a responsibility to lead the country which would require them to be cautious in all its action and critically need to deliver as per expectation  by providing good governance. 

 Having governed the state of Gujarat for 4th terms interrupted, the people of India had provided a decisive mandate for Modi, with a belief  better days are ahead for India. 

Signing off with a hope that,  India Shines under democratic leadership of Modi!


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Wonders of the world - Pallava and Chola temples

Saturday, December 28, 2013


Being a vacation time, was able to visit quite a few temples in Tanjore, Kumbakonam belt in the last few days.

Amongst many temples, was really amazed at architecture and sculpture works of Brihadeshwarar temple- Tanjore, Darasuram , Tripuvanam and Gangai konda cholapuram temples. These temples had been constructed around 1000 AD by the Chola kings. These massive temple structure has withstood time and the sculpture work is real beauty. One question, which came to my mind is, how come these temples built 1000s year ago still standing tall and majestic does not find its place in wonders of the world, while some of the ruins OR structures built few 100 years ago are considered as wonders of the world. Well, I am not undermining the other wonders of the world, but after visit of these temples, I believe due importance are not given to promote these wonders.

As per history, Kailasnathar Temple at Kanchipuram built around 700 AD by the Pallava king, is said to have inspired Raja Raja chola to build Brihadeshwarar temple in Tanjore.



Brihadeshwarar temple, Tanjore: Build in late 900 AD. This is the first of the Chola's temple. Right in center of Tanjore and hence easily accessible. Have been to this temple quite of few time, due to popularity and being at city center at times its crowded. Due to this, it would be better to visit during early morning hours.



Airavateshwarar Temple, Darasuram: Built around 1000 AD, 40 Kms from Tanjore and near to Kumbakonam.


Gangai Konda Cholapuram: Build around 1100 AD, its about 70 Kms from Tanjore. This temple is said to have been built by the Chola king when he moved his capital from Tanjore to Gangai Konda Cholapuram.


Tirubhuvanam: Built around 1200 AD by Kulothunga Chola III and its near to Kumbakonam. Unlike the other Chola temple which are still preserved in its pristine form, one would find gopuram of this temple in color.

There is lot of similarity in the structure of these temples. Except Bragadeswarar temple at Tanjore, we did not see much crowd in other temple. Hence, you can really spend time and relish its beauty, if you wish.

Further, its just not time, but these structures have withstood various ruler invasion as well.


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Seed India - How to navigate seed capital in India by Sramana Mitra - A review

Sunday, December 1, 2013

Recently, I had an opportunity to read this book.

Sramana, starts by comparing India business scenario in early 90's with recent times about availability of capital. In early 90's venture capital was totally unheard and was pretty much restricted to couple of leading banks. My father been an entrepreneur himself those days in 80s and 90s, I used to keep hearing about VC in India and about couple selective banks which offer VC in early 90s. As far as I know, have not come across a 'start up' or small business funded through VC those days, though there might have been very few of them. In 80s and 90s, only option to fund the gap in working capital is through bank debt finance, which had interest ranging from 16 to 18% per annum, even though small industry was a priority sector lending those days.



It is pointed out that situation has changed in last few years and there are select angel investors who are intensely passionate about technology and have started funding some of the 'start up'. Having said that, one cannot expect VC to tap on doors of entrepreneur as soon as one starts the venture.  To me, apart from funding, there are challenges for a start up for their business to be successful, couple of them being,


  • If the start up is promoting a product unique of its kind, however unique and beneficial it might be for buyer, one cannot expect buyer to buy the product on the first look itself, it always difficult for any one to accept a new product when there is tried and accepted approach to a business process, even though the existing process has many gaps and challenges.
  • Complexity, opportunity cost and price, reliability of product plays a critical role in success of 'new' product. To break even - takes time and till that time one has to sustain.

Its interesting to read about Sramana's lucid interview with various successful entrepreneurs.  Few of them being first generation entrepreneurs. Interview with Phanidra Sama about his Red bus venture and Sachin Bansal about flitkart are really good and the rest are interesting as well. The book could also be pretty useful read, particularly for those, who just ventured as entrepreneur or about to take a plunge into entrepreneurship.

As a matter of fact e-commerce in retail is catching up fast. In last few months, there seems to be competition even amongst retail e-commerce sites. Not just Flipkart, now, there are few other retail sites like Jubong, Snapdeal etc in India. The increased acceptance of these site in India is, particularly due to offerings  like 'cash on delivery' and 'customer returns' if not satisfied, make it more 'friendly' for Indian buyers.  I believe process like  'cash on delivery' or handling 'customer returns' may not be easy, but once the process is set to handle it efficiently, I am pretty sure it would going to pose a greater challenges to shopping malls and physical store which has real estate overhead and they being location centric. The real estate overhead already being high in Indian cities, physical retail stores could find it difficult to compete with e-commerce retail site on price. It might be so happen that, e-commerce in retail could bring price correction in commercial retail real estate space in cities and there by other dependent ones as well.

Even though, India still faces many challenges in many front. As pointed out in the book, the technology and low cost man-power could still be an advantage for an Indian entrepreneur !.

In all enjoyed reading this small book of 140 pages.


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The Grand Mall, Chennai

Saturday, October 26, 2013

The list of mall included in Chennai city seems to increase day by day. Till about last year, Chennai had Citi center, Ampa mall, Abirami Mega mall and Express Avenue. All these came into existence post year 2008.

Now, after Pheonix at Velachery, Forum Vijay at Vadapalani which opened early part of this year, the latest addition to Chennai is Grand Mall at Velachery. This is located on Velachery - Tambaram main road very near the Velachery metro rail station.


As of now, Croma, Shopper stop and food court is open. Many others are expected to open in due course of time.

                
                                 









Compared to Pheonix mall, this is comparatively a smaller mall. Its said to be about 3.5 lacs sq feet. Its just about 2KM from Pheonix mall.

One of the attraction seems to be 'food street' as advertised. But, it is yet to be completely open or occupied.

With online shopping site like flipkart, Jubang, Snapdeal,ebay and many others now being increasingly used by technology savvy people of India primarily due to convenience and better discount offered, one needs to see as how these malls keep up its attraction with buyers and thereby break-even, considering quantum of capital investment and recurring investments.


Anyways,consumer would have multiple choices to have a real time look at products. By this consumer can also compare the prices with online web store, when they really decide to buy.


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Reasons to pray


Hinduism is one amongst the oldest region in earth. None is able to say when and how the religion started.



As per Hindu mythology there are four yugas' namely Satyayuga (golden age), Tretha yuga(silver age), Dwapura Yuga(bronze age) and currently we are in Kaliyuga(Iron age).Each of these yuga are said be millions of years each. This is an indication, as who old is the religion. I had earlier written a post on Hinduism.


In previous yuga, Rishis performed meditation or tapas for very long time to get their prayers answered. However in this Kaliyuga due to various distractions, it is stated, if one is true, pious  and perform even short prayer or thinks about god sincerely, they are bound to get blessing from god.


This universe is millions of years old, whereas of our life span is so very short. In this yuga, we as human being run behind materialistic comfort, we at times feel having materialistic comfort and achieving what we think can bring us happiness. This may not be really so, if focus is only on getting materialistic comfort then, I believe we could complicate our life and thereby become unhappy, as focus is towards materialistic acquisition. In this uncertain world it’s difficult to predict what would happen the next moment.



Here, I would like to bring forward the famous Bhagavat Gita quote,


(The above, Bhagavat Gita quotes, the reality of life in this earth, I keep getting reminded about this, when things do not go as I wish)


The mind is source of one's action. Once deed will be based on what is sowed in mind over a period of time. However, some time, unpredictable events do happen. When unpredictable happens and if its negative there is always a question of 'why me’? . Many times, we do not have answer for many questions in life. We could have some solace in prayers and spirituality. Even, when things happens as per expectation, I would not like to forget that life is journey and attribute success to blessing of god or having my prayers been answered.

I read an article in newpaper on spiritual health., sharing the same in this blog post

Well, is prayer meant only for asking something always?. I believe not, it is for expressing my gratitude to god, also to guide me in this life and even beyond it, 

  • Expressing my gratitude for what I am today and what I have accomplished till now in life.
  • For being born to right parents, whom I have not asked or cannot ask.
  • Guiding and providing right family. Also being in contact with right people at right point of time.
  • There are millions of homeless people, but being provided with a home.
  • There are millions of people go without food on daily basis. While thankful for the meal, I receive every day.
  • Finally, having guided so far, I am thankful to almighty and believe they would guide me for rest of life.

We are made up of body and soul, while body is temporary the soul is said to be permanent and hence pray to him, so that I am guided all through this life journey and beyond this life as well.

Being a festive season, I wish everyone a happy and prosperous Deepavali. On Deepavali day, we do perform Kedareshwarar vrata which is prayer towards lord Shiva, Parvati and Lakshmi to provide us with good health, wealth and overcome all our sorrow. The prayer starts with Ganesh pooja. This time planning to get 'Sampoorna Lakshmi poja kit.' This pooja pack is said to contain  all basic materials required for the pooja as mentioned in the Skanda Purana. There is also CD with  Shree Vinayak Ashtottarashata Naamaavali.

To know more about ‘Sompoorna Lakshmi pooja kit’ click here.






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House, eligibility of marriage for male!!??!!!

Sunday, October 13, 2013


Surprised to find a front page advertisement in a leading English daily which states “He wants to marry my daughter and doesn’t even own a house?".


That too, this advertisement was issued by government funded housing finance corporation.

This seems to be the height of commercialization. Is it to bring necessary pressure on public so that they purchase a house?. 

One cannot say ‘OWN’ a house as advertisement claim,  the reason being in majority case, the house would have been purchased through debt  and which mean one does not own the house till the time the debt is completely serviced. Debt servicing could normally take about 5~30 years depending on once repayment capability.  Further, most likely these days in India it’s a private sector job, which mean once job is always at stake and what if a person looses the job and what if the hypothecated property is sold on auction due to non - servicing of debt?

The advertisement goes further to say “without tension of unpredictable rental accommodation”. The irony is that with no security in job these days, one is not sure whether the buyer would be in same place from young age till retirement. In fact, for some reason after purchase of house, one wish to rent it, there is equal tension of getting good prospective tenants without any issues year after year.

Again for argument sake what would happened if the advertisement would had been like “She wants to marry my son and doesn’t even own a house”, will the advertiser not be booked under dowry acts or a PIL filed in court?.

The Indian culture of humanness, belief, character, and family background seems to be fading under materialism. I can only hope, such advertisement may be stopped in the future.


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