Showing posts with label the truth?. Show all posts
Showing posts with label the truth?. Show all posts

Thursday, December 23, 2010

Onions and Tomatoes

























Never gave much attention to Onions and Tomatoes although they are the most important ingredients in every day diet. There was a politician in Tamil Nadu who would use the word 'Vengayam', meaning Onion, as a cliche in his speaches. This word is also used to tease or to be-little anyone or any matter, including Onion!

On the other hand, tomatoes are used to show public anger if the speaker goes astray in his speaches! There is a famous tomatoe festival celebrated in Spain every year,in which public make merry by taking bath in 'tomato slurry' and throwing tomatoes all over the town!

Tomatoes and onions are popular crops found in most of the kitchen gardens. Whilst the desi variety of tomatoes are almost extinct nowadays, the desi variety of onions have taken a prestigious place in the hearts of connoiseurs and culinary experts!

Why suddenly the prices of these vegetables have shot the roof in India is a raging debate and a hot media attention now. Maharashtra is the major Onion producer in India. There is a small town on the way to Goa, which is the capital of Onion wholesale trade. I hope readers would identify and respond about this onion capital in their comments. Sometime back, I had an opportunity to visit this town on a business visit(not for wholesale purchase of Onions!).

At that time I came to know from a local that the richest in town are those Onion wholesale traders. They procure onions directly from farmers and hoard it until it is'right time' to sell. They control onion prices and make unbelievable profits!

When I hear the news about the soaring prices of Onions, I am convinced that the households will switch over to 'Jain' preparations,i.e total ban of Onions from their every day menu!


Needless to mention that Onions have become highly potent now, in that one can get tears from the mere feel or thought of it rather than from the peel of it!

Tuesday, November 30, 2010

Leaks are inevitable!
















The mini shower in the toilet was leaking. I called the plumber who fixed it with a new Shower head. After a week it again started leaking. This time the plumber changed the leaking one with a plastic shower head he had as a spare.

I think it is time for leaks. The shower started leaking again. This time the leak was profound like the wikileak!

In a movie, a comedian undergoes a surgeory after receiving an accidental electric shock. As a side effect of the operation, he gets a strange power in that he can actually read what is going on in the minds of others!

With this strange powers he meets people who are actually scheming within whilst they put up a friendly disposition with others. His exposures of people give some hillarious moments.

Like knowing the timing of ones end, if all of us can unravel the minds of others, it will become too difficult to have a peaceful social life!

In the days of Vikramatitya, a courtisan complained about a poor man of being intimate with her in his dreams for which she demanded 1000 gold coins as fee! This complaint she made based on the information she received through her cronies who over heard the private utterances of this poor man. The court ruled that it is enough the poor man pays her in his subsequent dream!

Way back in 88, a young and pretty woman officer joined our office. It was quite refreshing time that we got along so well to the envious eyes of others in the office! A concerned and caring staff member told me to stop being close to her, citing the rumors floating in the office.
I told him that we cannot stop people from carrying tales or rumors as we have no control over what others think and,in the same manner, they may even spread rumors about others. Within a month he came running to me complaining about the new rumors going around, linking him and a typist!

Well, leaks are the results of curious minds and spurious materials! So I have come to this conclusion that rumors, gossips and leaks are inevitable!

Wednesday, January 7, 2009

Satyam- Where is Satyam, the truth?


A company is formed with a word that carry the meaning: "Only Truth ".

Alas,no one really knew that the promotors are not having any relation to the word 'Satyam" until today, when its Chairman's resignation letter started the rounds in the internet!

Of late, we are seeing unrealistic share price movements of almost all companies in the market. I very much doubt that this would have any relation to the inherent strength of those companies supported by sound financial principles.

It is only a matter of time that all (?) truth about this fraud would come out, if only a serious attempt to unravel this scam is made.

Satyam has proved one point, in that the company has brought to light this fraud out in open to the public, whereas there would be scores of other "Un-satyam" companies doing the covering up operations very cleverly by hoodwinking SEBI,and other bodies, including the government.

I am curious to know if the directors have already sold their shares in the market without divulging it to the MCA or SEBI. whether this could have been possible?

The resignation letter doing the rounds, if it is the original one he has presented to the board, is something sure to find in history!

I am also curious to know if the Auditing firms and other intermediaries/agencies or including public institutions were supporting the murky dealings and fraudulant non-disclosures.

Now whether the board is present in its full strength? as one lady board member resigned a few days prior to the resignation of R Raju!

Raju has not said any word about his responsibility towards the board. What is the number of shares that he is holding and what is the proportionate liability that he has to bear?

Can the resignation of the board member and chairman be accepted by the board, if there is huge undischarged liability?

Even if there is hope for salvaging the company, that is dashed by this one act of Raju resigning from the company (without having the courage to face it) and also making it public the content of the letter at this stage, as the beleagured company and the interim CEO would now be faced with numerous charges and legal actions from within and outside the country, as the company is listed in NYSE.

These and more questions, which may come from the investors/stake holders need to be answered. But only time will tell who would answer them.

If Stock Exchange is not aware of the number of shares traded in the market(with the background details of owners and buyeers) and SEBI is not getting any reports on dubious transactions, all these bodies need to be taken to task.

PriceWaterHouse now should hide them in a fishpond! where they cannot hide but only showcase their auditing skills!

I have no stake in Satyam Computer in any manner, no shares, no transactions, not even a sify net account! But I really really pity the common man who may be having some shares, and the employees who have spent their years in Satyam for the captains to commit this "barratry".

Everybody in the business community now says that this is an isolated and stray case and does not portray any malaise in indian business houses...(believe investors) comparing the Enron scam in US.

I have only one thing to say, my dear common man, do not fall for the greed to make quick money either by shares or by any means.

Who knows, the weather report predictions in India also may be forecasting the formation of Meltdown cyclone!


Satyameva jayathe!
World will listen to the counsellors-astute!