Wednesday, May 25, 2016

Experience in train

Sometimes, when I have nothing to do, I catch a train and venture off alone to someplace around 1-2 hours from my home, towards the countryside. As the train passes through fields of paddy, swamps and bridges on rivulets, I feel an inner peace which I cannot describe in words.

Trains in India carry all kinds of people. another reason why I love travelling on them. You connect with the people, you understand who you really are, you identify your roots, your culture.

On one such journey, a visually impaired woman in her twenties boarded the train. She was selling incense sticks for a very meager price. Our compartment had around seven to ten passengers. Two of them bought a few sticks from her while the others ignored her. She, kept smiling. Then she sat down beside me, feeling and counting the money.

I was looking at her all this time when she asked,  "Has the next station arrived?". As there was no one around,  I replied, "Not yet. How much are those for?". "Ten rupees", she replied.

I bought two boxes, and in my curiosity, asked her how she sustains herself with such a low income.

"Oh no Sir, these incense sticks are my world. All the money I get, I use them to run my school. It is a small school, for children with visual and auditory disabilities. I teach them, I prepare food for them, I tend to them when they are ill. They have learnt how to make these sticks, they have learnt how to spell and draw. I sell what they make, and together we earn money. We are a family. I cannot think of anything apart from them. They are my life, these sticks are my life. What more can one want", she replied, smiling all the while.

I sat there, with wet eyes, thinking of all the luxury we enjoy and still crave for more, while people like her are happy with just the little kids and those thin sticks. She got up, thanked me and made her way slowly towards the exit.

From then, I was a changed person.

Saturday, May 14, 2016

GDP poverty HDI

Banks

Please share this info with your kids to give an idea about on how banks work.

Son: I have heard recently that Mr. Rajan has reduced Repo Rate by 50 basis points and everyone is saying that this is good for the market. Loan EMI may also come down. What is this rate cut means actually? I want to understand this.

Dad: To understand this you first need to know, how does a bank function.

Son: Why?

Dad: Because all these are inter-related. Tell me – what does a bank do?

Son: Bank takes money from depositors and gives loan to earn interest. That way they keep everyone happy and make a profit also.

Dad: Correct, but there are more to it. Let me explain this in a very simplistic way. Bank needs money. Bank can get money from depositors like you and me and also from RBI. But bank also needs to pay certain interest to us and also to RBI.

Son: Ok.

Dad: Let us try to understand first – what happens when we deposit, say, Rs. 100 with a bank.

Son: I know that. Bank gives that Rs. 100 to someone who needs a loan.

Dad: No, it is not that simple. Remember, though bank can earn interest by giving away loans, but it is also very risky. There are many cases of loan defaults. This way banks can put all our money into high risk areas. It has to be protected.

Son: How?

Dad: Ok, RBI has made it mandatory that upon receiving, say, Rs. 100 – banks first have to deposit Rs. 4 with RBI. RBI keeps this Rs. 4 in its current a/c and hence banks do not receive any interest on this money. This is known as Cash Reserve Ratio or CRR, which is currently at 4%.

Son: Hmmm, then?

Dad: RBI has also made it mandatory that upon receiving, say, Rs. 100 – banks need to compulsorily buy central and state govt. securities of Rs. 21.50. Of course banks will earn some interest income here. This is known as Statutory Liquidity Ratio (SLR), which is currently at 21.50%.

Son: Ok, so you mean to say that upon receiving Rs. 100, banks can spend only Rs. 74.50 at its own will.

Dad: Correct. 100 – (4 + 21.50) = 100 – 25.50 = 74.50

Son: But you were saying that banks can also borrow from RBI. What interest banks pay to RBI?

Dad: Before 30th September, banks were paying 8.25% interest to RBI when it borrows money from RBI. Now this rate has been reduced by 50 basis points. So banks now need to pay interest to RBI, if it borrows from RBI, at the rate of 7.75%. This is known as Repo Rate.

Son: Can fixed deposit rate be affected by reduction of Repo Rate?

Dad: Of course. If banks get money from RBI @7.75%, why will banks pay higher interest to you and me? One year FD rate is already revised by many banks and it is equal to or very close to 7.75%.

Son: But as now banks are getting money at a cheaper rate, then they should reduce the loan interest rate i.e. passing on the benefits it receives.

Dad: Correct. They should. And on that hope market is cheering. If companies get loan at a cheaper rate, they will likely to expand their businesses. That will create more jobs, more income and boost the economy.

Son: How is inflation linked to this?

Dad: See, when loan becomes cheaper, people tends to borrow more. That means people will have more money to spend. This will increase the demand for goods, and if supply does not increase to match this demand, then prices will increase.

Son: So there is a chance, that inflation may rise also?

Dad: Well, yes. But inflation depends on many other factors as well, like production (industrial and agricultural), manufacturing, export – import, foreign currency movement etc. So inflation may increase or may not.

Son: One last question. Like we deposit our money with banks, can banks also deposit their money with someone?

Dad: Yes, they can deposit with RBI and earn interest too. This interest is typically 1% less than the repo rate. This rate is known as Reverse Repo Rate.

Son: Great! So now Ib understand CRR, SLR, Repo Rate, Reverse Repo Rate and their impact on deposit rate, loan interest rate and on inflation.
One must read

Thursday, May 12, 2016

maybeHeDoesntHitYou

but threw a huuuge raging weeks long miserable fit coz u cut your hair 'without his permission'.

Friday, March 25, 2016

How a TV Sitcom Triggered the Downfall of Western Civilization

I want to discuss a popular TV show my wife and I have been binge-watching on Netflix. It’s the story of a family man, a man of science, a genius who fell in with the wrong crowd. He slowly descends into madness and desperation, lead by his own egotism. With one mishap after another, he becomes a monster. I’m talking, of course, aboutFriends and its tragic hero, Ross Geller.

You may see it as a comedy, but I cannot laugh with you. To me, Friends signals a harsh embrace of anti-intellectualism in America, where a gifted and intelligent man is persecuted by his idiot compatriots. And even if you see it from my point of view, it doesn’t matter. The constant barrage of laughter from the live studio audience will remind us that our own reactions are unnecessary, redundant.

The theme song itself is filled with foreboding, telling us that life is inherently deceptive, career pursuits are laughable, poverty is right around the corner, and oh yeah, your love life’s D.O.A. But you willalways have the company of idiots. They will be there for you.

Don’t I feel better?

Maybe I should unpack this, for the uninitiated. If you remember the 1990s and early 2000s, and you lived near a television set, then you remember Friends. Friends was the Thursday night primetime, “must-see-TV” event that featured the most likable ensemble ever assembled by a casting agent: all young, all middle class, all white, all straight, all attractive (but approachable), all morally and politically bland, and all equipped with easily digestible personas. Joey is the goofball. Chandler is the sarcastic one. Monica is obsessive-compulsive. Phoebe is the hippy. Rachel, hell, I don’t know, Rachel likes to shop. Then there was Ross. Ross was the intellectual and the romantic.

Eventually, the Friends audience — roughly 52.5 million people — turned on Ross. But the characters of the show were pitted against him from the beginning (consider episode 1, when Joey says of Ross: “This guy says hello, I wanna kill myself.”) In fact, any time Ross would say anything about his interests, his studies, his ideas, whenever he was mid-sentence, one of his “friends” was sure to groan and say how boring Ross was, how stupid it is to be smart, and that nobody cares. Cue the laughter of the live studio audience. This gag went on, pretty much every episode, for 10 seasons. Can you blame Ross for going crazy?

And like a Greek tragedy, our hero is caught in a prophecy that cannot be avoided. The show’s producers, akin to the immutable voice of the gods, declared that Ross must end up with Rachel, the one who shops. Honestly, I think he could’ve done better.

Why such sympathy for Ross?

The show ended in 2004. The same year that Facebook began, the year that George W. Bush was re-elected to a second term, the year that reality television became a dominant force in pop culture, withAmerican Idol starting an eight-year reign of terror as the No. 1 show in the U.S., the same year that Paris Hilton started her own “lifestyle brand” and released an autobiography. And Joey Tribbiani got a spin-off TV show. The year 2004 was when we completely gave up and embraced stupidity as a value. Just ask Green Day; their album American Idiot was released in 2004, and it won the Grammy for Best Rock Album. You can’t get more timely. The rejection of Ross marked the moment when much of America groaned, mid-sentence, at the voice of reason.

Yes, my theory is that Friends may have triggered the downfall of western civilization. You might think I’m crazy. But to quote Ross: “Oh, am I? Am I? Am I out of my mind? Am I losing my senses?” Did you know the song that originally accompanied the Friends pilot episode was R.E.M.’s “It’s the End of the World as We Know (And I Feel Fine).” A blissful song with an apocalyptic message that goes largely ignored.

I was a teacher in 2004. I coached our school’s chess club. I saw how my students were picked on, bullied. I tried my best to defend them, but I couldn’t be everywhere. My students were smart, huge nerds, and they were in hostile, unfriendly territory. Other students would be waiting outside my room to ambush the chess club members who met in my room every day at lunch. During my tenure as a teacher, I gained the reputation of being a slayer of bullies and defender of nerds. I promise you: bullies can be mean, but they knew Mr. Hopkins was much worse.

Maybe intellectuals have always been persecuted and shoved in lockers, but something in my gut tells me we’re at a low point — where social media interaction has replaced genuine debate and political discourse, where politicians are judged by whether we’d want to have a beer with them, where scientific consensus is rejected, where scientific research is underfunded, where journalism is drowning in celebrity gossip.

I see Kim Kardashian’s ass at the top of CNN.com, and I am scared.

Maybe it’s all harmless fun. Like the good-spirited laughter of a live studio audience? Maybe. But I am sincerely worried we have not done enough to cultivate intellectual curiosity within our culture.

Fortunately, there’s a resistance forming. People with grit, who aren’t afraid to begin a sentence with “Did you know…” These are the Rosses of the world. I saw them in my chess club. And I see them in my city, hiding at the art museum, crouching at used book stores, exchanging sideways glances at the public libraries and coffee houses, and sneaking around at our schools, community colleges, and universities.

There was no hope for Ross. He went insane, and yeah, he did get annoying.

So, how do we retain our sanity in a dumb, dumb world? I wouldn’t be a good teacher if I didn’t come prepared with a few ideas.

No. 1: read a fucking book. Something special happens when you set aside the inane distractions of modern culture and immerse yourself in a novel. You open yourself up to new ideas, new experiences, new perspectives. It’s an experiment in patience and mindfulness. The New School for Social Research in New York proved that reading literature improves empathy. It’s true. Reading makes you less of a jerk. So, read often. Read difficult books. Read controversial books. Read a book that makes you cry. Read something fun. But read.

No. 2: learn something. Your brain is capable of so much. Feed it. Learn something new. The greatest threat to progress is the belief that something is too complex to fix. Poverty is permanent. Racism will always exist. The Israeli-Palestinian conflict is too difficult to understand. The public education system is broken. Educate yourself, so you can be part of the conversation. Learn something scientific, something mathematic. Explore philosophy. Study paleontology. Try to learn a new language. You don’t even have to make fluency your goal, just get a few more words in your head. Listen to an educational podcast. Professors from colleges — such as Harvard, Yale, Columbia, Stanford — are offering their lectures online for free. Think of what you could learn. One of my greatest challenges as a teacher was convincing students they were smart after someone had told them they were dumb.

No. 3: stop buying so much shit. This may seem like a non sequitur, but I’m convinced consumer culture and idiot culture are closely linked. Simplify your life. Idiocy dominates our cultural landscape because it sells more Nike tennis shoes and Big Macs. When we thoughtfully consider what we bring into our home, we are less likely to be manipulated by empty impulses.

And finally: protect the nerds. A computer programmer from Seattle is doing more to alleviate world poverty, hunger, and disease through the Bill & Melinda Gates Foundation than any other person in America right now. Nerds create vaccines. Nerds engineer bridges and roadways. Nerds become teachers and librarians. We need those obnoxiously smart people, because they make the world a better place. We can’t have them cowering before a society that rolls their eyes at every word they say. Ross needs better friends.

Thursday, March 24, 2016

How a TV Sitcom Triggered the Downfall of Western Civilization

I want to discuss a popular TV show my wife and I have been binge-watching on Netflix. It’s the story of a family man, a man of science, a genius who fell in with the wrong crowd. He slowly descends into madness and desperation, lead by his own egotism. With one mishap after another, he becomes a monster. I’m talking, of course, aboutFriends and its tragic hero, Ross Geller.

You may see it as a comedy, but I cannot laugh with you. To me, Friends signals a harsh embrace of anti-intellectualism in America, where a gifted and intelligent man is persecuted by his idiot compatriots. And even if you see it from my point of view, it doesn’t matter. The constant barrage of laughter from the live studio audience will remind us that our own reactions are unnecessary, redundant.

The theme song itself is filled with foreboding, telling us that life is inherently deceptive, career pursuits are laughable, poverty is right around the corner, and oh yeah, your love life’s D.O.A. But you willalways have the company of idiots. They will be there for you.

Don’t I feel better?

Maybe I should unpack this, for the uninitiated. If you remember the 1990s and early 2000s, and you lived near a television set, then you remember Friends. Friends was the Thursday night primetime, “must-see-TV” event that featured the most likable ensemble ever assembled by a casting agent: all young, all middle class, all white, all straight, all attractive (but approachable), all morally and politically bland, and all equipped with easily digestible personas. Joey is the goofball. Chandler is the sarcastic one. Monica is obsessive-compulsive. Phoebe is the hippy. Rachel, hell, I don’t know, Rachel likes to shop. Then there was Ross. Ross was the intellectual and the romantic.

Eventually, the Friends audience — roughly 52.5 million people — turned on Ross. But the characters of the show were pitted against him from the beginning (consider episode 1, when Joey says of Ross: “This guy says hello, I wanna kill myself.”) In fact, any time Ross would say anything about his interests, his studies, his ideas, whenever he was mid-sentence, one of his “friends” was sure to groan and say how boring Ross was, how stupid it is to be smart, and that nobody cares. Cue the laughter of the live studio audience. This gag went on, pretty much every episode, for 10 seasons. Can you blame Ross for going crazy?

And like a Greek tragedy, our hero is caught in a prophecy that cannot be avoided. The show’s producers, akin to the immutable voice of the gods, declared that Ross must end up with Rachel, the one who shops. Honestly, I think he could’ve done better.

Why such sympathy for Ross?

The show ended in 2004. The same year that Facebook began, the year that George W. Bush was re-elected to a second term, the year that reality television became a dominant force in pop culture, withAmerican Idol starting an eight-year reign of terror as the No. 1 show in the U.S., the same year that Paris Hilton started her own “lifestyle brand” and released an autobiography. And Joey Tribbiani got a spin-off TV show. The year 2004 was when we completely gave up and embraced stupidity as a value. Just ask Green Day; their album American Idiot was released in 2004, and it won the Grammy for Best Rock Album. You can’t get more timely. The rejection of Ross marked the moment when much of America groaned, mid-sentence, at the voice of reason.

Yes, my theory is that Friends may have triggered the downfall of western civilization. You might think I’m crazy. But to quote Ross: “Oh, am I? Am I? Am I out of my mind? Am I losing my senses?” Did you know the song that originally accompanied the Friends pilot episode was R.E.M.’s “It’s the End of the World as We Know (And I Feel Fine).” A blissful song with an apocalyptic message that goes largely ignored.

I was a teacher in 2004. I coached our school’s chess club. I saw how my students were picked on, bullied. I tried my best to defend them, but I couldn’t be everywhere. My students were smart, huge nerds, and they were in hostile, unfriendly territory. Other students would be waiting outside my room to ambush the chess club members who met in my room every day at lunch. During my tenure as a teacher, I gained the reputation of being a slayer of bullies and defender of nerds. I promise you: bullies can be mean, but they knew Mr. Hopkins was much worse.

Maybe intellectuals have always been persecuted and shoved in lockers, but something in my gut tells me we’re at a low point — where social media interaction has replaced genuine debate and political discourse, where politicians are judged by whether we’d want to have a beer with them, where scientific consensus is rejected, where scientific research is underfunded, where journalism is drowning in celebrity gossip.

I see Kim Kardashian’s ass at the top of CNN.com, and I am scared.

Maybe it’s all harmless fun. Like the good-spirited laughter of a live studio audience? Maybe. But I am sincerely worried we have not done enough to cultivate intellectual curiosity within our culture.

Fortunately, there’s a resistance forming. People with grit, who aren’t afraid to begin a sentence with “Did you know…” These are the Rosses of the world. I saw them in my chess club. And I see them in my city, hiding at the art museum, crouching at used book stores, exchanging sideways glances at the public libraries and coffee houses, and sneaking around at our schools, community colleges, and universities.

There was no hope for Ross. He went insane, and yeah, he did get annoying.

So, how do we retain our sanity in a dumb, dumb world? I wouldn’t be a good teacher if I didn’t come prepared with a few ideas.

No. 1: read a fucking book. Something special happens when you set aside the inane distractions of modern culture and immerse yourself in a novel. You open yourself up to new ideas, new experiences, new perspectives. It’s an experiment in patience and mindfulness. The New School for Social Research in New York proved that reading literature improves empathy. It’s true. Reading makes you less of a jerk. So, read often. Read difficult books. Read controversial books. Read a book that makes you cry. Read something fun. But read.

No. 2: learn something. Your brain is capable of so much. Feed it. Learn something new. The greatest threat to progress is the belief that something is too complex to fix. Poverty is permanent. Racism will always exist. The Israeli-Palestinian conflict is too difficult to understand. The public education system is broken. Educate yourself, so you can be part of the conversation. Learn something scientific, something mathematic. Explore philosophy. Study paleontology. Try to learn a new language. You don’t even have to make fluency your goal, just get a few more words in your head. Listen to an educational podcast. Professors from colleges — such as Harvard, Yale, Columbia, Stanford — are offering their lectures online for free. Think of what you could learn. One of my greatest challenges as a teacher was convincing students they were smart after someone had told them they were dumb.

No. 3: stop buying so much shit. This may seem like a non sequitur, but I’m convinced consumer culture and idiot culture are closely linked. Simplify your life. Idiocy dominates our cultural landscape because it sells more Nike tennis shoes and Big Macs. When we thoughtfully consider what we bring into our home, we are less likely to be manipulated by empty impulses.

And finally: protect the nerds. A computer programmer from Seattle is doing more to alleviate world poverty, hunger, and disease through the Bill & Melinda Gates Foundation than any other person in America right now. Nerds create vaccines. Nerds engineer bridges and roadways. Nerds become teachers and librarians. We need those obnoxiously smart people, because they make the world a better place. We can’t have them cowering before a society that rolls their eyes at every word they say. Ross needs better friends.

Thursday, March 3, 2016

Kanhaiya kumar speech JNU

Jawaharlal Nehru University student leader Kanhaiya Kumar who was released from jail today on bail received a hero’s welcome at the campus on Thursday evening. In a defiant speech, he took shots at the government tearing into charges of sedition against him and said he had faith in India’s Constitution and democracy. Here are the highlights of his address:

I want to thank everyone who has stood with JNU.I want to thank the people sitting in Parliament deciding what is right and what is wrong.I want thank their police and some media channels.I have no hatred towards anybody, especially towards ABVP.Because the ABVP we have on campus is more rational than the ABVP outside.There will be no witch hunt against them.We have no ill feelings towards ABVP because we truly believe in democracy and the Constitution.We don’t look at ABVP as the enemy, we look at them like the Opposition.The best thing about how JNU has stood up in one voice was that it was spontaneousThey had all of it planned but we were spontaneous.We stand up for all parts of Constitution – socialism, secularism and equality.I don’t want to comment on the case. It is sub judice.I have many differences with the PM but I agree with his tweet – Satyameva Jayate – truth will triumph.In railway stations you will find a guy who shows you magic tricks. We have some people like that in our country.They say black money will come back, sabka saath sabka vikas, equality and all that.Yes we Indians forget things too soon but this time the tamasha is too big. These jumlaswont be forgotten.But what will happen if you speak up?Their cyber-cell will release doctored videos and count condoms in your dustbins.This is a planned attack to delegitimise the UGC protests, to prevent justice to Rohith Vemula.But let me just say it is not easy to get admission in JNU neither it is easy to silence those in JNU.You cannot dilute our struggle.They say soldiers are dying on the borders – I salute them.I want to ask the BJP lawmaker who said in Parliament that soldiers are dying on the border – is he your son or brother?He is the son or father of the farmer who is dying of drought.Do not create a false debate in this country.Who is responsible for their deaths?We will not rest till everybody has an equal right to prosperity.We are not asking for freedom from India because India has not colonised anyone.The man fighting on the border, perhaps he wanted to study but he couldn’t get to JNU.You want to silence one Rohith, today look how big that revolution has become.I realised one thing in jail. We people of JNU speak in civilised voices, but we use heavy terminologies.Perhaps it doesn’t reach the common man. We have to establish communication with the common people.We will bring Sabka Saath Sabka Vikaas for real.Today the honourable PM was talking about Stalin, I say Modi ji speak about Hitler too sometimes. Or maybe Mussolini?He speaks of Mann Ki Baat but doesn’t listen.What is happening today in the country is very dangerous.It is not about one party, one news channel.I have never told this to anybody but my family makes Rs. 3,000. Can you imagine somebody like me doing a PhD in any other college?And they are calling anybody who stands up for this, traitor?What kind of a self-proclaimed nationalism is this?I want to remind our government that 69 per cent voted against you.Just 31 per cent voted for you and some of them were caught up in yourjumlas.And today they are running a distraction campaign so that people don’t ask them the real questions.RSS mouthpiece The Organiser did a cover story on JNU.If they can reason in a debate why JNU should be shut for four months, I will agree with them.They want to suppress the voice of dissent but I want to tell them, you will never be able to do that.Once again let’s raise slogans for freedom – not from India, but within India.Freedom from hunger, poverty, the caste system – all of that.