Where lies the truth!!

In an attempt to safeguard one’s firm from hostile bid takeover and to increase the brand value of one’s firm, it is not uncommon to claim higher growth rate of the company than the actual rate, inflate the profit earned, understate the liabilities and the debts owed. This makes the investors to believe that firm will be a safe bet and the demand for the company’s stock increases which increases the share prices of the company, thereby increasing the company’s net value (market capitalization) and the clients rely more on such a company that leads to increase in the number of projects the firm gets. And hence the company grows in real terms and with already inflated growth rate and profits, the company tends to further inflate the same in the next fiscal year too. Here gets formed the vicious circle with the company’s growth and the inflated profits forming a complete cycle.

Nothing seems to be wrong with Satyam until the company’s surprise move to take over Maytas properties and Maytas infra. With a major shareholder rebellion, the share prices slide down to a great extent that Ramalinga Raju, then chairman of Satyam computer services limited reversed the decision. With doubts raised about the evaluation of asset values of Maytas when all the leading auditing firms deny their role in evaluating the assets, the question of corporate governance came into picture. Then begin the resignation sagas of independent directors from the Board and the percentage of holdings by the promoters came down from 8.3 % to around 3 % as the shares pledged by the promoters were sold out. Left with no other choice but to reveal the truth, former Nasscom chairman and the chairman of the company which had received the Corporate Governance Award accepted the big hole in the account books creating shockwaves across the investors’ community.

This issue is hailed in the media as India’s Enron case. The energy company filed its bankruptcy in 2001 and accepted the understated liabilities and the exaggerated profits and the company also said to have roots in Republic party.
The plot involved here is no way superficial and is getting deeper as suspicions raised about the political connection of Raju with the AP government. The Hyderabad metro project, irrigational project and other government projects undertaken by Maytas are put under lens to check the credibility, with which the projects were allotted.

A tough road lies ahead for the firm and the employees and the top level managers have to take the hardest steps to march ahead. With the government having announced three persons as Board members, an in-depth inquiry into the deep rooted fraud is to be probed. Finally Power waterhouse cooper(Pwc), Satyam’s auditor has accepted that there could have been error in its auditing report. With the future appearing too bleak for the company, a takeover bid from a well established firm, efficient board members and an energetic CEO and a good cooperation to further investigate into the Rs 7000 crore fraud are the only hopes to steer the company ahead.

Israel - Palestine!!!!!!!!!!!

With rockets pouring at the Israeli soil, the retaliatory attack against the Hamas is incomparable in its magnitude. The Islamic university is torn apart, a strongman in Hamas is assassinated and when the aerial raid is gaining momentum, the Israel government is mulling about ground attacks too. The international journalists and other international organizations have been denied entry into Gaza, well a place in our world which is facing total black out is going unnoticed with leading international players including US and UK justifying the Israel’s right to protect its area from the militants.

This is not an issue that has been created some years back but dates from 1947 when UN passed a resolution for the creation of Jewish state-Israel which led to the conflict between the Arab states and Israel, in which Israel gained a lot. Then again Israel started its aggression in the 1967, known as the SIX DAY WAR, snatching Gaza strip, West Bank, Golan heights from Egypt,Jordan and Syria respectively. Many decades have passed, yet the peace eludes the Middle East.

Let Hamas be branded as terrorist as they ruthlessly attack the innocent citizens of Israel. But one can never justify the killing of several innocent civilians in Palestine because of the aerial shelling from Israel. More than 100 deaths of civilians, including a majority of women and children, have been reported so far since Israel’s attack last week.

There won’t be any improvement in the situation unless both the sides budge. People in Palestine must realize that waging war against Israel will only worsen their situation further. Winning a war over a state which is developed than theirs by over several folds and which has the strong backing from the most developed countries of the world is an impossible event. Hamas militants can utmost kill some hundreds of Israeli people and neither their guerilla warfare nor their suicide attacks is going to daunt the country which earns its most income from its arms export. What Israel did to Palestine is an unjustifiable act, but hatred and revenge against Israeli is not going to bring peace to the Islamic nation. Though it can’t be forgiven or forgotten, war can’t provide solution to Palestinians but it just adds further woes to them. It is high time that Hamas realize this and that Israel stops their inhuman attacks on the region, which is experiencing severe humanitarian crisis for several decades.

It is really hard to forget the painful past that Palestine has experienced over the years. But if the people of Japan had the hatred and the attitude to revenge US for their dropping of atomic bomb, Japan wouldn’t have become the world second largest economy. And not to forget that half the Jammu and Kashmir has been occupied by Pakistan and China, though there is an option to attack back those foreign forces to withdraw from the region which is recognized to be a part of our country, we refuse to do so.

If we chose to take this bitter pill today to forget what had happened in the past over the decades, the next generation of people in the Middle East can lead a peaceful life forever and ever; else never in the future can peace be restored in this region which has remained as battle zone for years. I could still recollect the photo showing a Palestinian woman weeping when the Israeli troops forced their own Israeli people to evacuate from Gaza strip in 2005 when Aerial Sharon, then Israeli PM ordered forced evacuation from Gaza strip. It shows the courtesy in the heart of the People to feel sad even for those people from their bitter archrival nation. Let the International community realize that the value of life of a common man in Palestine is as much higher as that of a person from any other part of the world and help both the warring state to settle out their differences and to bring an everlasting peace to the region.

PAK crumbling under pressure

The tension between the two nuclear weapon states which have fought four wars with each other is escalating day by day. Even though both the sides are refuting the claim that they are getting ready for the war, the relationship between them is at the worst and both the nations seem to be equiping themselves for the war.

It makes no logic when Pakistan claims that the name of the terrorist captured by India is not in the national registered list and hence he is not a Pakistani. With a population of more than 160 million people, when the list consists of only 60 million people, there is more possibility that the terrorist name would have been in the majority of those whose names were not registered. When the father of the captured terrorist claims that his son is being captured by India, what else is needed to confirm the identity of the terrorist?

US bombings in the Pakistan region near to Afghanistan border, which is suspected to be the place for many Taliban hideouts, have increased in the past two months. With intense pressure on Pakistan, Pakistan is trying to divert the attention of the international community by all possible ways. First with accusation that the president received a hoax call from an Indian minister and then making of false statements that Indian planes intruded into Pakistan region, which the President himself clarified as unintentional “technical error” and later associating India with the bomb blast in Lahore, which proved futile when a Taliban organization in Pakistan claimed responsibility for that blast. All the steps which Pakistan took to divert the attention backfired ultimately, thereby creating further pressure on them.

Pakistan sports secretary made a statement that India is not a safe place to stay and refused to give permission to the Pakistan squash team to tour India which is seen as a revenge for India’s decision to cancel its cricket tour to Pakistan. He cited the Mumbai blasts as the reason for such a decision. If he feels Pakistan players can’t be safe in India because of terrorist attacks in India which is carried out by Pakistan (the whole world believes so), then is it not that their safety in Pakistan(from where the terrorists originate) itself is a big question. Logically speaking, those players may feel safe in India than in Pakistan.

There is no denying fact that Pakistan is also a victim of terror. Benazir Bhutto’s assassination and frequent bomb blasts there give us enough evidence that Pakistan administration’s inability to control the stateless factors operating in their country. But neither the mere statements “we Pakistan people are committed to wipe out the terrorist from our ground” nor the house arresting of Jamaat-ud-dawa’s chief going to bear any fruits unless Pakistan really walks the talk.

Just expressing sympathy for India is not going to help; the international community must put intense pressure on Pakistan to take concrete steps and to produce appreciable results in its so called war on terror. External affairs ministry’s advice not to travel to Pakistan and the verbal accusations on both the sides add fuel to the fire. Only positive note is the continuation of the Lahore Delhi bus services and the exchange of goods across Loc amidst tensions.

Pakistan’s proxy war on India is not going to end unless they are pushed to act. When US have the right to attack Afghanistan when Taliban refused to hand over Osama Bin Laden, why not India follows the same step when Pakistan refuses to hand over the suspects to India? Well, we are not aggressors of war and we look forward for a diplomatic solution though such solution seems to elude.

My Dream In Life!!!!

I am living with a dream, a dream which is close to my heart, a dream which a person living an ordinary life can't achieve, a dream which cannot be realised unless I burn out all my energy in the right direction. Dreams are not just things that we fancy about, but are meant to be realized. They are not just the cloud of thoughts that pass in our mind, but kind of thoughts that we desire from our deep heart and it is meant to come true in life.

I can’t just dream for my dreams to come true. I know the pain when some inner heart wishes go unfulfilled and it will be unbearable when you realise that your dreams can never be realised. But I will never let my dream to become a pipe dream. It is not something that can achieved all of a sudden or it is not the one which depends on luck or favorable conditions but it is one which entirely depends on me, myself, how I work and bring myself to that level which helps to make my dreams come true.

What I want is that to become a CEO or CFO or an equivalent position of a president of some leading organization. I want myself to be established as a shrewd businessman in India,running my business, expanding them beyond the horizons and I won’t settle down for anything lesser than what I deserve and what I desire in my life. Apart from my career ambition, I do want to become a writer and to write articles in leading newspaper. Writing on current social issues, analyzing them and being a critic when required are activities that I crave for in my life.

I know I have a long way to climb up the ladder to reach the level which I wish to reach. The path I have chosen is not of roses but of thorns and I have too many hurdles to overcome. No matter how many times I fall down, no matter if I get completely worn out, no matter if the path is no longer visible, no matter if I fail terribly several times, I will give up neither my dreams nor the efforts which I will put forth till my last breathe.

Terrorosm at its all time peak!!! :( :(

Yet another terrorist strike, over 200 deaths reported and hundreds of injured admitted in hospitals, the prestigious luxury hotels are torn apart, indiscriminate shootings at a hospital, Jewish centre, railway station, the security has been breached, previous warnings had been ignored and the incompetency of India to stop terrorist activities has been exposed to the world wide.

The attacks are not just an act of terrorizing the people but they are sending a message across the world how powerful the terrorist organization has been groomed to carry out a fully fledged attack against a democratic nation. Safety for common people in our country is put into question.

There would be absolutely no improvement in situation if we just involve in delivering a full length speech condemning the terrorist strikes after all damages have been done. Constructive methods have to be adopted by the government and must be strictly enforced. Security check at important crowded places has to be tightened and people need to cooperate for that. More advanced security check techniques have to be employed. Cross border infiltration has to be checked by any means. It’s time we collect sufficient evidence against the terrorists who are happily residing in Pakistan, and demand Pakistan to handover them to us.

Its heart breaking to watch innocent people losing their life for no fault of theirs and the face of the 2 yr old Israeli boy whose parents were killed in the Mumbai attacks is still lingering in my mind. What wrong did these people ever do in their life? Yet they are deprived of their loved ones in such a tragic way. We need to stop these incidents, no matter how tough it would be and how much strict measures need to be adopted, we don’t have a choice but to protect the common man from the blood sucking terrorists.

But its true terrorist menace in India is escalating day by day. We are surrounded by different terror groups. A lot of known and unknown terrorist organizations from Pakistan, infiltrators from Bangladesh, saffron terrorists from RSS, VHP, bajrang dal etc, naxalities, ULFA and many such organizations. But definitely one day, all these groups will be disbanded and people of our country can, rather definitely will lead a peaceful life. Yes, I know this is peak of optimism. Let us remain optimistic in this issue.

Saffron Terrorism raises its head again...

The stereotype that bomb blasts have to be associated with the militant group in Pakistan or Student Islamic Movement has to be ended as Malegaon blasts expose the presence of terrorist network within our country in the form of the “saffron brigade”. This is a food for thought for all the people in our country that it is time that we look beyond religion to crush out terrorism from our country.

It gives a bad name to India as the probe reveals that the perpetrators of the Malegaon blasts were within our country and were disguised in the form of religious leaders or as saints. Not to forget that an army chief is one among the chief culprit in the blasts.

Another embarrassing moment for our country came when the opposition leader and prime ministerial candidate for BJP came in to condemn the arrest of Sadhvi pragya singh and other accused in the blasts. The party which claims to be the one which opposes and treats terrorism with red hand is now following a crooked path just for the reason that the terrorist in Malegaon bomb blast had the same mean intentions as that of theirs. But it is a shame to our nation when a major political party tries to defend those who are charged with serious crimes. Well, a religious fanatic will always defend other religious fundamentalists.

Babar Masjid demolition, killing of tones of innocent Muslims by police in Mumbai riots(in 1993) and Gujarat riots(2002), Malegaon blasts and this list will keep on growing day by day if we don’t understand the fundamental motives behind these indiscriminate acts of some sects and halt their march towards their ruthless goal. This is really a serious issue that needs to be considered and people should be made to realize the menace created by this saffron brigades which is trying to spread out Hindutva by any means and seriously damaging our country’s secular credentials.

It is high time that associations like Bajrang Dal, VHP and RSS are banned to create harmony among the people. It is time we over look religion while dealing with terrorism, it is time we stop associating our Muslim brothers with every bomb blasts occurring in our country, it is time to check terrorism by any means and the onus lies in us to march towards India free from terrorism.

change is constant!!

I am penning down my thoughts after a long break. A series of changes and some unprecedented events have occurred. Barack Obama swept the US presidential elections and is set to become the first Black president of USA and the whole world rejoiced with a hope for a change. Then Britain rookie, Lewis Hamilton became the youngest and the first black to claim the title in F1 race in the historical final race, where he raced past Timo Glock in the last corner of the last lap in the last race. Automobile industries in US got affected badly in the financial crisis and are now seeking bailout from US government.

Coming to our mother land, India’s success in launching Chandrayaan, its maiden journey towards moon and the success in putting it in the moon’s orbit and the Moon impact probe add feathers to the cap of Indian space program. Then India’s terrific performance in cricket thereby demolishing Australia in the Test match series, yuvraj singh’s back to back centuries against England bring cheers to the cricket fans of our country.

Not to mention about the tragic incidents of violence incited against non Marathis in Maharashtra and the government’s inability to contain the violence. And the downturn in Bombay stock exchange with the sensex falling below psychological 10K mark adds woes to the investors.

Well, this month is a long month for me too with so many incidents churning out. A deep feel of badly missing a close to heart friend, a rat race getting over and new hopes raising for my higher studies next year, jobless periods in company getting extended and much more incidents have happened in the few days. Life is all about changes and change is the only thing that is constant with time. AND I AM BACK WITH MY BLOGS….