Comments (Most recent 10 entries):
Indra ji,
many many happy returns of the day!!!! I am one of the guy, who opens and read your blog before reading any newspaper :)…..
please keep writing :)…
Manoj
i don’t think going for this state board top percent is good.It will only harm IIT.Scoring high percentage in boards is totally different from clearing exams like JEE even AIEEE
making JEE easy is only creating a environment more suited for coaching
as everyone thinks that JEE is easy now lets have coaching and clear it.
If you ask a question from NCERT directly(which happens these days in JEE) and you argue that it will give u the best of all students ..than surely you are not getting the funda of JEE.
So diluting level of JEE is surely wrong .. even state boards won’t give you the best of all ..
JEE has to be thr..
Posted by: sameer at 08/04/2008 @ 3:00 pm for entry IITs and Coaching Mills
Really sasaram got a thing by which it get name in history, also all
person from this place , known by others due to this proudy look thing
i.e. “shershah makbara”.
Due to waste in the way of temple also around the
temple, it looses it’s beauty.
I think that Mira kumar will never take any action, because she got her vote by her some other activities.
so, it’s my suggetion that all who live at other place with good salery but belong to sasaram donate some money also
time and try to return the look of ” S.SURI MAKBARA”.Because who lived
in sasaram has not taken any activity, because they look it daily .
so they can’t understand it’s importance.
ok thanks………..
Posted by: saurabh kumar kasyap at 08/03/2008 @ 12:06 pm for entry Sasaram - A Heritage City
RBI is increasing inflation instead of controlling it!
The action taken by RBI to control inflation is not admirable. The tool of interest is spoiling our nation. Every time attempt to control inflation through altering interest rate is easy for RBI, but disastrous for the economy. RBI should revisit the decisions taken up to control inflation. Interest can affect liquidity and control inflation for time being by curbing the demands but cannot control ultimate inflation as the higher deposits at banks will yield higher interest expended over those deposits which in turn enhance the purchasing power of the depositors with no increase in real GDP. Thus this practice by RBI to control inflation itself leads to inflation.
The annual interest income by banks is over 5% of GDP at Market Prices. It means the prices of commodities and services produced with help of bank credits would be increased by at least 5%. Interest income by banks thus increases the price levels by minimum 5%. Moreover the interest expended by banks over deposits is over 3% of GDP at Market Prices. It means the deposits buying capacity would be increased due to interest while GDP remaining unaffected; the price level would further increase by at least 3%. So due to interest earned by banks and expended over deposits, the price level increases by over 8% per annum. In this situation if interest rate is further increased, the inflation will not be controlled, rather stagflation will increase. Already we can see that our total final consumption expenditure as % of GDP at market prices is declining from 67.8% in 2005-06 to 65.5% by 2007-08. This decline along with inflation cannot be controlled by increase in interest rate. On the contrary, we need stimulator for productivity and sales in the real market, which requires reduction in interest rate.
The practice of RBI to control inflation by interest rate is disastrous for Indian economy and should be questioned. The role of interest to control liquidity is not questionable but its impact over income level of depositors, borrowers and the price level should be re-considered and it is important that RBI should review these impacts. It should be noted that if banks expend worth 3% of GDP at market prices as interest to deposits, the liquidity automatically increases without real change in GDP, thus causing inflation.
We should consider and find long term solution for instability in financial and real markets. If RBI or financial sector regulators wish, Islamic ethics on Banking and Finance may guide us promote ant inflationary, stable and equitable system for economic growth. Islamic Banking is the most needed mechanism at this time which could solve the problems. The fear that Islamic banking would not benefit the corporate or nationalized bankers is just based on prejudice only. The corporate and national bankers along with stock market would be in better position after introduction of Islamic Banking. Islamic Banking would also increase D mat account and capitalization at stock market. Hopefully AMU with attempt to promote education about Islamic Banking and Finance may improve our understanding about the alternative banking and financial mechanism. Islam advocates for anti inflationary and stable economic system with socio-economic justice as an objective of governance.
Syed Zahid Ahmad
Posted by: Syed Zahid Ahamd at 07/30/2008 @ 9:47 pm for entry Indian Growth Story- Gloom or Bloom
Why can’t US issue green cards and even make them citizens? After all, they are not menial workmen from across the borders. Many of the highly educated Indians could become entrepreneurs helping American economy more intensely.
To be fair a balanced economy needs both types of immigrants - labor and guys who create wealth to employ the labor.
Will Obama be doing some thing about those young Indians, who after so many years in US hesitate to go back to India and start the career all over again?
Probably not - however if you ask him about it you might get some pretty sounding words and vague promises.
The reason is that the party Obama belongs gets support from organized labor. The unions don’t want more immigrants, don’t want a globalized world or free trade.
However, I’m biased. While I like Obama the man well enough, Obama the candidate has some really iffy politics and political beliefs.
He’s just not a guy I want as my president.
Posted by: Brian Dunbar at 07/29/2008 @ 8:14 pm for entry Obama, India and Indians
i think you mean ARUN FIRODIA of kinetic engg
not abhay firodia
Posted by: brian at 07/29/2008 @ 12:26 pm for entry Farmers Need Lobbying and Support
Let me assure those who put their comments on my write-up on Bihar that even at 69+, I am quite optimistic about Bihar and so I kept on writing mostly positive stories on Dashrath and Lalmuni Devi in patnadaily.com itself. I will refer to only two things. First, the list of project proposals on Bihar government official website. Can some one say why can’t it be updated and why can’t in last two and a half year, even some have taken some concrete shape? The website data does hardly inspire. Most of the entrepreneurs in the list appear to be those who fly by night and take advantages of the corruption in the government like the old-timers of license Raj days. Second, many things are certainly happening, but villages like my own is not going to get electrified very soon, though I got a ray of hope with poles all around in 1967. I wish I were wrong. I wish Nitish had changed Bihar the way Chandra Babu did. Today, Hyderabad is competing with Bangalore.
However, if the readers wish to read some good story, here is one written by Madhav Chavan, co-founder, Pratham:
“Shivpur is a small village in Dehri block of Rohtas district in Bihar. The efforts of Ram Pyare Singh, a locally-educated son of a landless labourer, have led to something close to a miracle here. I am convinced that although the entire miracle cannot be fully replicated, large elements of it can be.
This village got a school in 1999, but it was not until 2003-04 that they actually got money to build their own school. The school has a standard Sarva Shiksha Abhiyan design, but there is something more. The campus, enclosed by a wall, is clean and the playground is flat. No rocks, no pebbles, no garbage. There are trees planted all around and extra care is evident everywhere. At 9:30 in the night, girls in the residential bridge class were studying in the rooms constructed especially for them. It was not for show. The girls were having a good time and were completely oblivious to anyone else around.
Unlike any other village I have seen, the villagers have constructed a separate space for a mid-day meal kitchen, with a separate enclosure for the children to eat. The villagers claimed they have collected about Rs 17 lakh from locals and those who work in the cities, in addition to the funds provided by the government. There are 480-odd children studying in class I to VIII. There is no private school in the village.
The only teacher employed by the government in this school is the head teacher. It is not because of neglect. It is partly by design. So, who teaches the children? Educated villagers and alumni of the school volunteer their time. Who trains them? The head teacher takes care of that. Although the school is only up to class VIII, they make sure all children in the village pass class X. Do they want the government to appoint more teachers? Ram Pyare Singh smiles his hesitation, but the answer is a clear ‘no’. But, would it help if the government gave funds to pay teachers that they appoint? There is no problem as long as it does not come with bureaucratic hassles and controls. What if the government worked out a per-child cost—say Rs 3,000 per year per child—and transferred it to the Panchayat or the Vidyalaya Shiksha Samiti to take care of all expenses? Yes, that would work.”
Posted by: Indra at 08/20/2008 @ 9:37 am for entry Bihar- what is there to write?