Sunday 5 August, 2007

The downside of democracy



The verdict is finally out on India’s most long-drawn trial, ‘The 93 Mumbai bomb blasts case’; and of all the acquitted and convicted, possibly the most celebrated, hyped and covered by media of all the accused, was Munnabhai Sanjay Dutt. He has been sentenced to six years’ rigorous imprisonment. There have been loud cries from his colleagues in Bollywood and his fans world over, about the ruling. They believe that he is innocent and six years’ imprisonment is too harsh a sentence for carrying a mass destruction weapon by an adult. Ever since the judgment (and even before the judgment day), TV channels have been airing the sympathetic reactions of the common Indian man for Sanjay Dutt. Fair enough, we are the largest democracy in the world and every one of us has a right to express our opinions about everything happening in the country. That, I think, is the downside of living in an uncontrolled democracy. Reserved and narrow-minded as it may sound, I think too much pressure was being put on to the judiciary system by portraying the sympathies of common Indian man in every possible way and through every possible means in Sanjay Dutt’s case. What we should understand is that democracy lets you express your opinions but this expression should be used with utmost care and responsibility; and now, in this flat world, more than ever, where opinion of common man counts.

It is a paradox, how we fail to understand in today’s world of specialization that it is not us but the judiciary system that is specialized in the skill of judgment. I am not saying that we should tight shut our lips even if we feel strongly against a decision, but converging general opinion to pressurize the judicial mechanism (especially by media) is unfair. We do not rely on general public opinion when deciding the monetary policy, the intricate details of our nuclear deal with US; because we know that there are people who understand these fields much better than we do. We cannot take every Indian’s opinion while we take policy decisions on important things like these.

Should a democracy not count on its people for the course of its direction then? Obviously it should. But we need to modify the phrase ‘where every opinion counts…’ a little to ‘where every sensible opinion counts…’. Audiovisual media, I think, is anything but sensible these days and deserves a control on its content. It may sound undemocratic, but I think, it is fair to say that control should be imposed on those who fail to understand their role and responsibilities in a true democracy like it is imposed on a criminal.

It is a fine line, between controlling public opinions and suppressing them. But that’s what separates a democracy from a successful one.

Saturday 14 July, 2007

“Harry Potter and the Order of the Phoenix”- Not worth the Hype?





As any other Harry Potter aficionado, the month of July 2007 is like a dream come true for me. This month, new movie in the Harry Potter series, ‘Harry Potter and the Order of the Phoenix’, released on 11th July and now, on 21st July, the last book in the HP series, ‘Harry Potter and the Deathly Hallows’, will be published. With two weeks advance booking even before its release, Harry Potter and the Order of the Phoenix, was the most anticipated movie release in the history of the Hollywood. However, I was thoroughly disappointed when I actually got to see the movie.

Movie, a failed attempt
J. K. Rowling gets better at portraying Harry’s character and the events around him with each book in the HP series. The most impressive aspect of Rowling’s writing style is the way she gets into details of characters and events. While reading the book, she easily manages to create each and every character and scene in the reader’s mind. The fifth book in the series can be most easily summarized as a pre-cursor to a final showdown between lord Voldermot and the magical world. I think it would be more than asking for a movie to match the entertainment quotient of the book but I find that the movie lacks depth and tries to include too much without really including too muchfrom the book, causing a bit of confusion, especially to the first time HP audience, who’ve no idea about the HP world. The movie has also ignored a few important events like ‘Rita Skeeter’s article in the Quibbler’ and ‘Hagrid’s journey to the giants’ land’. It is clearly seen in the movie that director is short of time and has managed to create a mess with the same actors, same writer and better visual effects. I think the movie is not worth the hype created around it.

The last book
I am very certain that the forthcoming book will be the best in the series and fans can expect sheer excitement as Harry takes on lord Voldermot in the final battle. I am hoping that it would be a happy ending with Harry managing to destroy the Darklord without losing many of his friends. Can’t wait to get my hands on the book…

Tuesday 5 June, 2007

Gratefulness…

Before I start this post, a word of thanks to Rahul Gaitonde, who posted one of my older posts on Nokia N-Gage (:-) Keep on writing buddy, someone is reading :-D) on his blog and rekindled my writing spirit. It is like Amitji watching Himesh Reshamiya’s attempt at acting in ‘Aap Ka Suroor’ and appreciating it. Gives me enough fillip to create ‘Aap Ka Suroor – 2’, nonetheless. The only sad part is that I have replaced my ‘N-Gage Classic’ with the ‘Nokia N-70 Music Edition’ phone. After much R&D, I managed to narrow down on this one. Other phones which I considered were Nokia E-62, Nokia E-61 and Sony-Ericsson w810i. This time, I wanted a phone that looked like a phone and thus had to eliminate both the E-series phones. Another shortcoming of E-series phones is the lack of FM tuner. What made me decide on N70ME over w810i was the 1GB RSMMC, familiar Symbian OS environment and the fact that I was upgrading from one of the first generation N-series phones (Yes, I’ve heard that N-Gage Classic and N-Gage QD were the first two N-series phones).

The Nokia N70 Music Edition



It's a 108.8 x 53 x 17.5 mm, 126 grams black phone with Triband GSM and WCDMA. It comes with 22MB internal memory, a 176 x 208, 256K colour TFT screen, a 2MP camera and a VGA camera. On the connectivity front, it supports GPRS, EDGE, 3G, Bluetooth 2.0 and USB Pop-port.

On the software side, it has Symbian OS 8.1a (S60 UI) and comes pre-loaded with a lot of software like QuickOffice suite, Acrobat Reader, etc. Has decent stereo sound output and comes with a 1GB RSMMC, enough to store around a couple of hundred mp3s. And this feature-packed phone comes at a price of INR 13200.

Pros and Cons

  • Has looks of a decent executive phone

  • Has next generation connectivity options like 3G and EDGE, lacks WLAN though

  • Good PIM capabilities

  • 2MP Camera comes with a cover

  • Not very impressive battery life

  • Decent Sound quality, but inferior to most of the walkman phones

  • Comes pre-loaded with useful software

  • Comes pre-loaded with 100 songs (No necessity at all)

  • Visual Radio



Why Music Edition?
The things that differentiate an N70 from an N70ME are

  • 1 GB RSMMC

  • ME Headphones

  • 100 pre-loaded songs



The music edition headphones are the ones that come with an N71. I haven’t really compared these with the N70 headphones but I’ve heard that they are better than the original N70 headphones. Visual Radio (FM Tuner) makes it a complete music phone.

What has changed?
One striking difference between N-Gage Classic and the N70ME is the ease by which I can set up the phone for different functionality. Settings’ Wizard lets me configure, GPRS and EDGE for any GSM operator in India at the click of a button. Configuring GPRS in N-Gage Classic was more complex. Things like connectivity with PC, Synchronization, etc have all become a layman’s stuff as opposed to techie stuff earlier.
All in all, N70 Music Edition is a great value for money buy.

Talking of music, Sleeveless Mini Mathur – 3 ;-) has commenced and this time the judges include Udit Narayan, Alisha Chinay, Javed Akhtar and the ever-available Anu Malik. If you have no clue what I’m talking about, it’s Indian Idol -3. Lack of Sonu Nigam on the panel of judges hurts but again, can be done away with so long as Mini is hosting the show. It still being the early, piano round episodes, I get to hear more of music and less of those emotional result declaration episodes where everyone takes Atalji-style pauses wherever possible.

Among the other things, I have learnt the macro-economics behind the relationship between inflation, money supply and appreciating Rupee, the hard way. Having bought a lot of tech-stocks on correction, and having averaged out on every subsequent correction, here’s my attempt at explaining the rupee appreciation.

The Rupee appreciation was a long anticipated event taking into consideration, deluge of foreign investment (FDI and FII) inflows in the recent past and around 200 billion dollars worth foreign reserves in the Indian exchequer. However, like india, most of the Asian countries have prevented their currencies from appreciating for a long time now in the fear of losing out on exports to their other Asian counterparts. However, in the backdrop of high inflation at the time when some of Indian states are going to polls, government took every possible measure from CRR hikes to price control threats to some industries to curb inflation. The appreciating rupee came to the rescue here as rising rupee means cheaper imports and thus lower costs. The RBI intervened as little as possible and let the rupee appreciate. Weakening of dollar against all major currencies was also one of the causes of rupee appreciating against the dollar. Now, with inflation tamed to a more acceptable level and exporters crying out loud against this sharp rise, government has assured the India Inc. against any such further sharp movements in the rupee. However, as told by commerce minister, Mr. Kamal Nath, appreciating rupee in the long term is a fact of Indian economy and that whether they like it or not, the exporters have to live with it. Huh!!! I think that is enough for today…

Sunday 29 April, 2007

Media Blunders...

Here are a few media goof-ups I've come across in the last few months... One, hardly expected whereas the other one, highly expected... Have a look...

1. Moneycontrol.com website (Jan 07)

Poll Question: What is your trading strategy?

Choices for answer: a) Yes b)No c) Can't Say?

Now Come on... Even Udayan Mukherjee, who is generally very good at shooting impeccably obvious answers to equally obvious questions cannot answer this one ;-)... Or [;)] (Now, that's a lot of orkutting)

2. Zee News (July 06)
The news anchor was openly addressing former Maharashtra CM and now MP, Mr. Manohar Joshi as senior BJP leader 'Mr. Murli Manohar Joshi'. What can I say about this one? I am uploading the video which I could fortunately record...



Sunday 22 April, 2007

Talking money... For a change...

After losing some money during my last few investments in the market, I've been reading some stuff about TA and FA in capital markets.

This is the best article describing 'Dow Theory' I have come across till now:
Check out here

This is another TA article which throws some light on the 'Elliot Wave Theory':
Check out here

Anticipating Nifty



Applying the Dow stuff to Nifty charts, we can see that there seems a Secondary Bearish move inside the overall Bullish Primary move. However, instead of eating into around half of the gains of the last move, Nifty has broken previous low during last correction. This means that though the market has almost recovered from the last correction, a further downside is possible in the Nifty in the medium to long term. It may possibly mean the end of the Primary Bullish move. Any how, TA tells me not to take any new positions at this time and wait for further signals.