Monday, December 3, 2012

Miscellany…


Here's my take on some issues that made for eye-grabbing headlines, expressed in no particular order...


The End of Kasab!
How does it get any better any than this! Not the hanging in itself, (which, in my humble opinion is overdue) but the manner in which he was executed.  It is difficult (and rather disastrous to imagine the kind of circus the media would have indulged in had there been a prior notice). The fourth estate would have gone berserk as always and the issue would have ended up being trivialized. End of the day – it was good riddance of bad rubbish without media intervention for once!

The Aam Aadmi Party!
Mr. Arvind Kejariwal (messiah of the ‘mango’ people) has arrived with his party for the people, by the people and of the people, christening it as the “Aam Aadmi Party”!   

Rewinding a little, the events prior to the launch of the party have urged me to think that news channels should now have a separate corruption bulletin, something on the lines of a “SportsCentre”, “World of Sports”, or “Weather Update”. The said special can highlight the day’s exposé, a status on the last few exposés and so on. Throw in a Top-10 of Exposés as a highlight and interested people can keep tab, while others can stick to regular news! There is some reprieve these days considering these revelations have slightly lost their steam!  
 
If it sounds absolutely cynical and irresponsible to make the issue of corruption look trivial, that is certainly not the intention. Corruption is an ultimate evil and needs to be addressed. The point that I am trying to ascertain is that the aam aadmi is beginning to lose interest in these “startling exposés”, considering they are going nowhere besides ‘Breaking News’ on TV. It is not front page news anymore, none of these seem to reach a logical conclusion and the ones named in them are not going to get hurt, barring, maybe, minor electoral setbacks. 

What I think is being missed in this ‘press-conference-driven-system-clean-up-act’ is, we Indians are almost used to corruption and there is no element of shock or surprise to this.  Probably one of the sensible comments was made by a Union Minister was when he stated that the amount mentioned in a so-called scam was too low for a Union Minister to get involved in.  While he may have defended himself (read clarified) later by saying he was misquoted, but come to think of it, what he said made perfect sense and I’m sure the majority public agrees with him. Public is already of the opinion that such things are a part and parcel of politics and “yeh chota mota corruption toh chalta hai boss”!!  

What the Aam Admi Party could rather do is focus on what they can offer other rather than mere exposés. At the end of the day, you do need capable people to run government not just clean people!

Parliamentary functioning!
What amuses me is the childish behavior of politicians, especially the so-called Opposition. In India, Opposition takes the word ‘opposition’ a bit too seriously – they HAVE to oppose everything.  It is understood that there are few contentious issues, for instance ‘FDI in retail’. Why can’t they conduct regular business and agree on agreeable things like passing a simple economic legislation like Companies Bill? Why stall the functioning of parliament for an issue which they don’t have a consensus on or rather an issue on which they don’t want to have a consensus on?  It’s funny but that’s democracy for you. Latest is the opposition wants two separate voting and discussion on same issue of FDI in retail.  It is hard to imagine the time that gets wasted and of course, the taxpayer’s money.

Tendulkar and the ‘R’ Word!
Disclaimer – like the millions of other Indians, I also like Tendulkar – but the way things are unfolding is nothing but disappointing.  To see THE MAN struggle and allowing every Tom Dick and Harry (including me) to debate on his calling the shots is appalling. Let’s hope he goes out on a high and not like this.

Indo-Pak Cricket Diplomacy! 
In spite of a thousand debates on this, it still does not make any sense.  The only beneficiary of this is the BCCI considering the moolahs they get to make from this one. As we all know, cricket diplomacy has not helped the two countries improve their ties in any way.  It’s just a gimmick.  And yes, India and Pakistan have been playing against each other on other tournaments, which should be enough to cater to a cricket fan’s appetite.  We are under no moral responsibility to revive or help Pakistan Cricket by offering to play a series with them.  The only outcome can be some law and order problem in the country which, we have in plenty anyways!

The Sahara Saga!
Another news making headlines these days is the Sahara saga.  To re-capitulate, Sahara Group has raised huge sums through issue of OFCD (optionally fully convertible debentures) and it is alleged that they violated several statutory provisions of Companies Act and SEBI regulations. Strangely, while the whole world knows Sahara gets funds by running these finance schemes, SEBI got to know about this only when the group initiated listing of two of their companies and filed prospectus with SEBI.  The concern here is the OFCD issue through which the funds were raised were actually cleared by the Registrar of Companies and it appears that they are not being held responsible in any way for this mess!

Apart from the legalities, I happen to read an interesting piece on how companies like Sahara succeeds in an article titled ‘Why the poor are willing to hand over their money to Sahara’ which is worth a read…

A few more thoughts in a probable Miscellany 2!! 

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