Gold nearing 33K

Gold prices touched a new high on Tuesday, reaching Rs 32,975 per 10 gm in New Delhi. Gold prices in India have increased over 15% in the past one year. As discussed in my first blog dated 2^nd Oct QE3 or QuEstion3, the gold prices have moved in a predicted trajectory. There are two things that set the price of gold in India;

Aam Aadmi Party (AAP)

The much awaited launch of Aam Aadmi Party has officially taken place yesterday. 

What needs to be seen in the coming days is that how this party shapes up and starts working on its anti-corruption agenda. What shall be their common minimum programme and most vitally what shall be there party symbol.

Ajmal Kasab's Execution

Mohammad Ajmal Kasab’s execution came both as a shock and relief to most of the Indians. The long awaited execution was finally serviced on the morning of 21^st Nov 2012 in Yerawada jail, Pune. This came just 5 days prior to the 4^th anniversary of the massacre created by Ajmal and his team. He was the lone survivor of his entire team.

All the details of what Ajmal Kasab did and how the judiciary took its course of law can be found all over the different media, and that won't be discussed here!

Indian Democracy - A Big Hoax

We live in one of the largest democracies in the world! We don't like to call ourselves a developing nation anymore, we shout out loud "Shinning India".

Under the constitution of India we have been given some rights and duties. One of the basic right’s is the right of speech (right to express). But in the last one month, after the arrest of Ravi and now the Mumbai girls over their Twitter & FB expressions respectively, it sounds that this freedom is all but a deception.

Out of so many writers, journalists, speakers in this country, no one had the nerve to come out and say what these normal people (mango men) said. It sometimes feels that these people, who share the prime time on television reality debate shows, between 9-11 in the night, are also hand in glove with the ones in power; or maybe they are equally scared to speak like the mango men.

We the mango men, the so called tweeples are all scared. We sit in front of our computer screens and vent out but do nothing fruitful. It is the goons who actually rule us. It is the same country which it was pre-independence & we are still the slaves. We were never free and will never be so. Not at least in my lifetime.

We can vent out about our apprehended freedom over the internet but that’s about it. But nothing much can be done against these people who are in power, either. One can sight the example of how swiftly Ravi and Mumbai girls were captured by cops, but it took them more than 48 hours to capture people who vandalized the clinic of a doctor.

Jonathan Swift once said:

“Laws are like cobwebs, which may catch small flies, but let wasps and hornets break through.”

I am not happy scripting such a pessimistic blog, but that’s the reality we live in.

Think! Can we really change the system, sitting in front of our computer screens? Can we manage to take on those in power, without being susceptible?

Five Point Someone - Book Review

Book: Five Point Someone

Author: Chetan Bhagat

Binding: Paperback

Publishing Date: 2010

Language: English

Rating: 3.0/5

If you have seen the movie 3 Idiots then you know the whole story. But still, if you are a keen reader, this book can be given a read. It is a very light plot of three friends who are studying in an IIT. The author strictly mentions that it is neither a book on how to deal with the college life nor a guide on how to survive the hostel, but a story of three friends who join college the same day.

Losing My Virginity - The Autobiography Richard Branson - Book Review

Book: Losing My Virginity - The Autobiography Richard Branson

Author: Richard Branson
Binding: Paperback
Language:  English
Rating: 4.8/5

Think, dream, believe and achieve! This is what I can say about Richard Branson after reading his auto-biography.

Chanakya's Chant

Book: Chanakya's Chant
Author: Ashwin Sanghi
Binding: Paperback
Language: English
Rating: 4.5/5

Chanakya's Chant is a  fast paced book which keeps switching between 340 B.C. to present day. 

The book depicts a picture of the present day politician, Pandit Gangasagar Mishra, who will do anything to achieve power. Pandit, who's inspired by Chanakya's chant, achieves power following his footsteps.

If God was a Banker

Book: If God Was A Banker
Author: Ravi Subramanian
Binding: Paperback
Language: English
Rating: 4.8/5

Interesting book, but only a one time read though. The plot surely divulges what happens currently in the corporate world. How things move around

Markets in 2013

Reading and listening to all the fund managers’ over various channels gives me a feeling that they are trying to create euphoria about the markets breaking out on the upside, during the Fiscal year 2013-2014.

I heard one of them even stating that the index will rise up at-least 20% if the reforms in governance (Lokpal) / investment (NIB) / fiscal (GST & DTC) are seen through. Well aren’t we waiting for some of them since 2007?

Everyone is expecting the interest rates to come down

India of the rich! Money Trails

It has been ascertained once again in Arvind Kejriwal's accusations yesterday. If one is rich in India, no matter what you do your interests will be taken care of. There will be someone looking out for you at all times. Once again it was highlighted how the rich and mighty were not investigated at all. 

There are rich businessmen or rich business houses

CRR - GOD Help PSU Banks !

State Bank of India (SBI) Chairman Pradip Chaudhuri said: “I still hold that CRR is a waste for the economy.”

What! When he is talking about the CRR it is the depositors’ money. The bankers today feel that the depositors’ money is an asset which can be used to make profits instead of keeping it safe in the bank.

CRR (cash reserve ratio) is the amount of funds that the banks are required to keep with the RBI. Which means that the bank cannot loan out the entire deposit, but have to keep something as reserve!