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Tuesday, May 30, 2006

Rule 49 (O)

Here, I got a very interesting e-mail from a friend regarding exercising Rule 49 (O). It says :

In a particular constituency, if a voter has dislikes all of the candidates competing there, then he can show his dislike to all of them by registering for 49 (O).

Steps for doing this :
1. While registering the name at the time of voting, convey the booth officials that, you want to go for Rule 49 (O).
2. Register your signature in the 49 (O) form available there.

Done.
Now, if the number of 49 (O) count is larger than that of the winning candidates total vote count, then a re-election is called there.

More than all, the shameful fact is,
This 49 (O) is available ever since 1960, but it is in no way conveyed to the people. Neither the government communicate this, nor did the election commission.

As long as the people are unaware of this one, the political parties are enjoying by winning the election and ditching our country. To stop this disaster to continue further, we don't need to take a sword and fight against the government. Just help every citizen to know that they have such a powerful weapon which can be used for ensuring their welfare.

None of the media will be ready to publish this 49 (O). Let us do this by ourselves. Communicate this information with all your family, friends, neighbors as much as you can and let them know their right. Please send this mail to everyone you know and request them to spread it across to everyone.

Convey this information to as many people you know. Not only, we get a satisfaction that we have done a good service for our country's welfare.

This is very well equal to what our patriots have done for the independence of our country.

Very less time left before the next election drama. Before that lets make sure that everyone speaks about this word "49 (O)".

Saturday, May 27, 2006

Need v/s Greed

There is a very thin line between man's need and his greed. Say, if a man earns Rs. 10,000 and is able to satisfy his basic wants with Rs. 6,000, he will be a satisfied individual. He will feel happy. But, when his income increases, his wants too increase proportionately. In economic terms this is called 'Marginal propensity to consume'. This increase in expense then turns into greed. We will always find such individuals running for more money to satisfy their "unlimited demands of life". That's how we find most of the people in this world, unsatisfied.

His want for more money never ceases and he enters a rat race of living life with more and more lavishness. Thus, never allowing him to do something big, that he had wanted to do in life. A self-controlled and disciplined man keeps his wants stable, even when he has a raise. This allows him to do things that he had always wanted to do. He is not afraid of failure and becomes a successful individual in society.

We can see this from various examples. One of it is, Infosys head and founder Narayan Murthy. He still lives a common man's life, washing his own clothes and utensils. He has not employed any servant at his residence, even though Infosys employs more than 20,000 IT professionals.

This shows that living life simple will leave you with more money, allow you to be more satisfied and do things that you had always wanted to do, as money is no more a concern.

Friday, May 26, 2006

Secrets of Management

A man flying in a hot air balloon realized he was lost. Reducing altitude, he spotted a man on the ground and descended to shouting range. "Excuse me," he shouted. "Can you help me? I promised my friend I would meet him a half hour ago, but I don't know where I am."


The man below responded: "Yes. You are in a hot air balloon, hovering approximately 30 feet above this field. You are between 40 and 42 degrees North Latitude, and between 58 and 60 degrees West Longitude."

"You must be an engineer," responded the balloonist.

"I am," the man replied. "How did you know?"

"Well," said the balloonist, "everything you have told me is technically correct, but I have no idea what to make of your information, and the fact is I am still lost."

Whereupon the man on the ground responded, "You must be a manager."

"That I am" replied the balloonist, "but how did you know?"

"Well," said the man, "you don't know where you are, or where you're going. You have made a promise which you have no idea how to keep, and you expect me to solve your problem. The fact is you are in the exact same position you were before we met, but now it is somehow my fault."

Tuesday, May 02, 2006

Oil companies - Making losses or PROFITS

Regularly, we hear the hue and cry from oil companies making losses and their demand to increase petrol/diesel prices. Especially, oil PSUs take front stage in this rally to increase prices of petro products. Making losses is a very ugly reason to raise prices in a competitive business. When private players can afford to make huge profits without raising prices, it's a matter of shame for the PSUs to beg for their alterations.

The issue lies not in prices but unnecessary operating expenses lavished by careless government officials. It's not the prices but the system and culture prevalent in these companies that requires change. Our largest refining and marketing company IOC, controlling 50% of the country's diesel market and 45% of the petrol market reported a loss in the third quarter. For the first nine months of FY06, net profit stood at Rs. 890 crore against a net profit of Rs. 3,998 crore for the same period in FY05. Company's director marketing, NG Kannan said,
"Indian Oil will lose Rs 5,000 crore on the sale of petroleum products, even
after taking into account government subsidies, oil bonds and cross-subsidy
payments by upstream oil companies."

Private players like Reliance, spearheaded by Ambanis have shown impressive growth in the same period eating into IOC's market share. Despite of constant pressure being put on the Govt. for price raise, I have never seen any negative figures in their balance sheets. Is this cry only fictitious to make more internal profits for the babus to enjoy? If it is real, then Govt. should insist on them following efficient, sound and proven practices to cut-cost, while learning lessons from private companies.