Nuclear deal

continued from prev post

From day one I was a strong proponent of the deal and always believed that this deal will open more gates than we can imagine. Recently Russia sold 4 nuclear power stations to India. So even though USA did not gain a single penny directly or indirectly from this purchase (and the Uranium purchase from Russia a few months ago) the US deal was an enabler. This purchase would never had been possible if we did not have the US nuclear pact with us.

I will again emphasize that India has 50 nuclear bombs already and this number is more than sufficient for any nuclear deterrence we hope to achieve. What India needs is Electricity and Infrastructure to fuel the GDP growth rate. For this India should summon any help it requires and any source of capital/technology will not be expensive.

I Thank Manmohan Singh once again for battling against all odds and making it possible.


ban on Horse slaughter

Appeals court rules against horse slaughtering in Texas
The arguments that a cowboy is always pictured as one riding a horse and not eating one looks a bit funny. I think no court case was won over a more frivolous argument.

If you compare with cow slaughter ban in India, you feel world over a common man is the same.


night out

The older, wiser man was giving advice to a younger bridegroom. “Well, friend, from now on you’re going to have to think twice before you leave your wife alone at night,”
he said. “I guess so,” replied the bridegroom.
His buddy continued, “First, you’ll have to think up a reason for going out and, second, you’ll have to think up a reason why she can’t go along!”

One day a farmer called up an engineer, a physicist, and a mathematician and asked them to fence of the largest possible area with the least amount of fence.
The engineer made the fence in a circle and proclaimed that he had the most efficient design.
The physicist made a long, straight line and proclaimed “We can assume the length is infinite…” and pointed out that fencing off half of the Earth was certainly a more efficient way to do it.
The Mathematician just laughed at them. He built a tiny fence around himself and said “I define myself to be on the

Cartoons salary Thoughts

Wage Disclosure

In government sector wages are easy to determine. Your seniority and experience determines your basic salary. Then based on the nature of the work, posting etc. your final pay package is determined. So effectively whenever a government servant states his designation, you can exactly know how much wages he draws.

In private sector, it is a bit awkward. The worker salaries are more or less standardized and everybody knows how much the other knows. The compensation package of the CEO and other top executives has to be disclosed to the shareholder (and hence public). Everybody knows Robert Nardelli received a $210m pay-off when Home Depot fired him for incompetence.
highest salary

However what surprises me is that wages of the peers are rarely disclosed. What is so special about the white collar employees that their wages are never revealed? We all demand RTI (right to information act) in government departments when our workplace themselves lack it. I am a rational man, so I think there should be a sound logic behind all this.

Either the workers like you and me have a vested interest in not disclosing their salary. I am ashamed of the fat salary I draw and I do not deserve the bonus which the company gave me. Hence it is in my best interest to cover it up as much as possible.

Or the HR and management are screwing me. They pay me a quarter of what I deserve and hence they do not want me to be in the position to compare my salary with the others.

Since I cannot think of a third reason… lets analyze the 2 premises.

Worker: The Company would be a fool to overpay me. Even if due to a temporary market conditions I am getting more than what I deserve, the company will adjust it in the next pay review/hike or they might even fire me. Other reason could be that I live in denial and believe that I do not care about the wages.

Since both are weak arguments, I think it is the HR and management that want to deny me of this information. The management thinks that I do not know that my company pays that fresh graduate/new guy much more than what it pays me…

Government employees do not switch jobs that often because they know that they are getting a fair pay. Most job switches in private sector happen when the new company corrects the distortion and offers to give the employees what they rightfully deserve.

The constitution guarantees us “Equal pay for equal work”, almost all companies advertise “Equal opportunity employer”. Yet you give no evidence to prove/disprove this theory. Companies demand loyalty from the employees, but they spare no opportunity to con them.

Also do read this wonderful article. compensation and this


55,000 Blood donors affected with HIV

A shocking news about how 55,000 (conservative estimate) blood donors got infected with HIV in a Chinese public-health scandal.
India too has its fair share of public-health scandals esp. the infamous forceful sterilization’s, but none were as grave as this one.


Never Mess with Workers

I am not sure whether to call it a work of art or plain vengeance.


Lexophile Humor

Another forward worth sharing.
1. A bicycle can’t stand alone; it is two tired.

2. A will is a dead giveaway.

3. Time flies like an arrow; fruit flies like a banana.

4. A backward poet writes inverse.

5. In a democracy, it’s your vote that counts; in feudalism, it’s your Count that votes.

6. A chicken crossing the road: poultry in motion.

7. Pay your exorcist’s bill or you will be repossessed.

8. With her marriage, she got a new name and a dress.

9. Show me a piano falling down a mine shaft and I’ll show you A-flat miner.

10. When a clock is hungry, it goes back four seconds.

11. The guy who fell onto an upholstery machine was fully recovered.

12. A grenade fell onto a kitchen floor in France resulted in linoleum Blownapart.

13. You are stuck with your debt if you can’t budge it.

14. Local Area Network in Australia: The LAN down under.

15. He broke into song because he couldn’t find the key.

16. A calendar’s days are numbered.

17. A lot of money is tainted: ‘Taint yours, ‘taint mine.

18. A boiled egg is hard to beat.

19. He had a photographic memory which was never developed.

20. A plateau is a high form of flattery.

21. The short fortune teller who escaped from prison: a small medium at large.

22. Those who get too big for their britches will be exposed in the end.

23. When you’ve seen one shopping center, you’ve seen a mall.

24. If you jump off a Paris bridge, you are in Seine.

25. When she saw her first strands of gray hair, she thought she’d dye.

26. Bakers trade bread recipes on a knead to know basis.

27. Santa’s helpers are subordinate clauses.

28. Acupuncture: a jab well done.

29. Marathon runners with bad shoes suffer the agony of de feet.

30. It is better to have loved a short woman than never to have loved a tall.

Note: No trees were killed in sending this message, but a large number of electrons were inconvenienced.

Can anyone explain me the meaning of 10th and 11th lines?


My Father describing me.

Two men sank into adjacent train seats after a long day at work. One asked the other, “Did your son go back to college yet?”
“Yep. Two days ago.”
“Hmm. Mine’s a senior this year, so it’s almost over. In May, he’ll be an engineer.”
“What’s your son going to be when he gets out of college?”
“At the rate he’s going, he’ll be about thirty.”
“No, I mean what’s he taking in college?”
“Every penny I have.”
“Doesn’t he burn the midnight oil?”
“He doesn’t get in early enough to burn the midnight oil.”
“Surely sending him to college has some benefit?”
“Well, it has cured his mother of bragging about him!”


India Poised

A patriotic video by Amitabh Bachan
my India my pride
courtesy: Vivek


Power finance Ltd IPO

Power finance is one of the many power sector public companies which are raising funds via an IPO. This IPO is soon going to be followed with IPOs of Power Grid Corporation, Rural Electrification Corporation and National Hydroelectric Power Corporation.

Price Band: Rs 73-85
No of shares to be alloted 117.3 million (10.22% stake)
Offer period: 31st Jan- 6th Feb
date of listing: ???

Cons: Although the company is categorized in the power sector. It is in the business of Institutional Lending… so rate it like any other bank or NBFC. (non-banking financial corporation)
Hence you should take into account the risk of interest rate fluctuation, Dollar-Rupee exchange rate, NPA, etc.

1) Power sector is expected to grow and lots of new projects and expansions are likely in the next 10 years. So the business should also grow.
2) In India most Power Corporations have a long term contract with the government. Hence the cash-flows are quite stable, and hence NPA is low in this sector. Power Finance and other lenders benefit from this scenario.
3) The balance sheet of the company looks very clean. There was consistency in the yoy financial reports and no spurt in the profits/other income which is usually observed for companies cooking up books for the IPO.

I would say, Treat it like any other financial corporation which is ready to benefit from the booming electrification and infrastructure development of the nation.