How many upper caste men have had their eyes gouged out for marrying outside their caste? Ask young Chandrakant in Sategaon village of Nanded in Maharashtra why he thinks it happened to him last week. How many higher caste bastis have been torched and razed in land or other disputes? How many upper caste folk lose a limb or even their lives for daring to enter a temple? How many Brahmins or Thakurs get beaten up, even burnt alive, for drawing water from the village well? How many from those whose “privileges are dwindling” have to walk four kilometres to fetch water? How many upper caste groups are forced to live on the outskirts of the village, locked into an eternal form of indigenous apartheid? Now that’s discrimination.How about 'none'?
18 Jan 2008
Questions, Questions
17 Jan 2008
God's Gift
Clerics at Deoband have come out with a new fatwa, dispelling notions that Islam is against family planning.It makes the Deoband clerics, Turkey and Iran more liberal in this very important respect than the Catholic church and the Pope:
Contrary to the belief that contraceptives are not allowed in Islam, Deoband has ruled that their use is necessary.
Darull-Uloom says contraceptives are permissible under Islamic laws so that the children are properly nourished.
Another prominent Muslim body Jamia-Ulema-e-Hind has supported the Fatwa. However, the Islamic body called permanent methods of contraception like vasectomy or tubectomy haram (unlawful).
Several Muslim nations like Turkey and Iran encourage their citizen to adopt contraceptives, a move to check the growing population in those countries.
Now we’re ready for the hard part of the evening: why does the Church forbid contraception? Artificial contraception is wrong because it violates the "gift of self" which ought to be at the center of every act of physical love. When you take the pill or use a foam, diaphragm, condom or whatever, you are, in effect, saying to your spouse, "In this, the most intimate act of our marriage, I am going to give myself to you, but only up to a point." Or, conversely, you are saying, "I want you in this act to make a total gift to me of yourself, except that part of you which so deeply defines you as a sexual being, your fertility." The body has its own deep language, and when we add chemicals or latex to the act of love, when we deliberately destroy its potential for making new life, we falsify the nuptial meaning of its actions. We hold back the full "gift of self" which during the wife’s fertile period must include an openness to new life.I still remember a scathing documentary on BBC which examined the impact of this ban on extremely poor communities of Catholics in countries like Phillipines and many African countries. It was so hard to understand how this ban could continue in the face of all the suffering.
I'm expecting our media to swarm over the news of this fatwa once they are through with jallikattu and other pressing topics - it must be the die-hard optimist hidden in some corner of myself.
16 Jan 2008
More Nano Please
The Nano Inspiration
I am inspired by the story of the Nano. Beyond its cute look or frugal engineering-driven price tag, I find it remarkable how Team Tata pulled it off in just four years.
I've watched and read the rumblings – on congestion, traffic, the environment. Confession: I own a car. This makes it hard for me to criticise the Nano: people-in-glass-houses constraint. There is an Indian equivalent of this – the "unreserved compartment syndrome". All those inside the compartment do everything to keep outsiders at bay; but once someone gets in - bravely beating the odds - he becomes an insider, repeating the same behaviour, so nothing changes. We need to understand the sentiments of the outsiders - how many people who don't own cars criticise the Nano on the grounds of traffic congestion and environmental concerns.
But the larger point is the inspirational lamp that the Nano story lights. There are hundreds of challenges in India where the lessons of the Nano can be applied – design innovation, scale efficiency, vendor networking and so on. I want to talk about three illustrative examples.
Healthcare
Dr Devi Shetty, one of the country's leading heart surgeons is also focused on bringing affordable health services to the poor. He talked of the need for innovation and scale in healthcare, based on our unique challenges in India .
Using the example of a CT scan, which costs Rs 5,000 - 10,000 per patient, he said, "We have a few hundred CT scan machines in India, each doing 3-4 scans a day, although the capacity is over 100/day. These machines are like planes that earn money only when they fly. We need to increase the flow of patients through these centres. But this is related to other issues like hospital bed capacity and inpatient/outpatient ratios. Today, most hospitals make their money from inpatients. We need to reverse this relationship where thousands of outpatients who each pay a few hundred rupees for tests can subsidize the operating costs of the hospital."
Imagine if we could get a CT scan cost down to Rs 500, offer a heart surgery for a few thousand rupees or a gall bladder surgery for under a thousand. This requires a fundamental redesign of all the parts of the healthcare delivery system - from re-engineering individual components like the CT scan, to embedding these into scaled health "cities" that can get a critical mass of 10,000 outpatients a day.
Housing
In urban India alone, we need to build over 26 million homes to meet projected demand until 2012, and over 95% of this is for the poor. If we ignore government subsidised programmes, and focus on market-driven solutions, we need to build homes with an all-in cost of Rs 2 - Rs 2.5 lakhs for land and building, so that the EMI is around Rs 2,500. Given current land costs and fsi/far ratios in urban India , this translates to a construction cost of about Rs 300- 400 per square foot for a 400 sft dwelling. Imagine the kind of demand that can open up if we can change the engineering specifications, reduce the cost-per-unit by scale economies, improve the construction process, and deliver a product that might not have marble floors, but doesn't compromise on quality.
Public transport
The Design Museum of London ( www.designmuseum.org) says this about the famous London double-decker bus, "Developed over nine years from 1947 to 1956 by a team led by industrial designer Douglas Scott, the Routemaster was designed with mass-production in mind. By constructing a bus from the maximum number of interchangeable parts, they cut the cost not only of the initial tooling and manufacturing, but of repairs and maintenance too. They also equipped it with the latest automotive engineering innovations such as power steering, an automatic gearbox, hydraulic brakes, independent springs and heating controls."
I think of the public bus system in our cities. If the experience is bad for passengers, it's worse for the bus drivers, having to navigate these Noah's arks through the narrow Indian streets. We need buses designed for Indian conditions: our roads, our traffic, our people. With environmental challenges thrown in, we are looking at a fundamental redesign of the Indian bus. Can we create an icon like the London Routemaster?
These challenges – and the hundreds more that India faces – would normally result in little more than wishful thinking or simplistic dead-end pilot projects. The Nano story inspires us to say, "Why not?" with a clear-headed acknowledgement of the complexities. To me, this itself is worth the applause it is receiving.
15 Jan 2008
Nuclear Deal
India, China pledge to strike N-dostiBut I thought the accepted wisdom was that China was trying to scuttle the nuclear deal and our nuclear ambitions and that the Left was acting more or less as an agent of China in opposing the deal.
India, China to cooperate in civil nuclear energy
13 Jan 2008
Imposing Progress
Survival International has just released its hard-hitting report, ‘Progress can kill.’ If you think the title is challenging, the contents are even more shocking: the report clearly shows that forcing our ideas of ‘progress’ on tribal peoples destroys their mental and physical health.Relatedly, this. The move for forming CWHs seems to be nothing but a workaround to get around the Forest Rights Act.
Even after working on the report for three years, I’m still shocked, choked and outraged by what it lays bare: ‘progress’ forced on tribal peoples leads to desperate suffering and, all too often, to the total destruction of whole tribes.
India’s Great Andamanese are one tragic example. The British brought ‘progress’ to them in the late 19th and early 20th centuries by forcing them out of their forest and into a ‘home’ in Port Blair, where 150 babies were born and every single one of them died before their third birthday. Overall, 99% of the tribe died, leaving just 53 people alive today.
12 Jan 2008
Children & Frogs
One of the arguments warmongers gave for overthrowing Saddam Hussein was that his regime was responsible for the violent deaths of some 300,000 civilians between 1968 and 2003. That estimate now appears exaggerated, since the number of bodies in mass graves has not borne it out. But what is tragic is that in 4 1/2 short years, a foreign military occupation has unleashed killing on a scale achieved by the murderous Saddam Hussein regime only over decades. Bush did not kill all those people directly, of course, but he did indirectly cause them to be killed, since these are excess deaths beyond what you would have expected if there had been no invasion and occupation.
I am often struck by how clueless the American public is to the vast destruction we have wrought on Iraq and its people, directly or indirectly. It strikes me as a bitter joke that 4 million are displaced, often facing hunger and disease, and the rightwing periodicals and presidential candidates are talking about how the "surge" has "turned things around." For whom? How many orphans have we created? How many widows? How many people who weep and cry every night while trying to fall asleep on straw mats? I estimate on the basis of a UN study of refugees in Syria that as many as 600,000 or 700,000 Baghdadis were ethnically cleansed from the capital under the nose of the American troops implementing the surge. There is an old Chinese proverb, "Children throw stones at frogs in jest, but the frogs die in earnest."
11 Jan 2008
The Nano & Congestion
We produce about 7 million two-wheelers a year. Today we must have 60-70 million two-and three-wheelers in the country. Last year we produced about 1.4 million cars and at some point we will exceed two million. Well, nobody says anything about that. It is only this car that is being targeted. You may say, 'Well, the two-wheeler takes less space.' Our car pollutes, if not less, then certainly not more than a two wheeler—not per passenger but as a vehicle. Our engine conforms to Euro IV and Bharat III—all two wheelers are Bharat II today. So, yes you may take a view that this small car will take less space than a large car. It will carry four people instead of the normal two on a scooter and therefore, instead of two scooters, you will have one car on the road.Let's wait and watch!
That criticism also assumes that the small car will not replace a bigger car. You produce two million cars and you produce half a million small cars, so you produce 2.5 million cars. That's not how it is going to work. We will cannibalise some of the existing low-end cars and two-wheelers, and even some of our own cars. The Indica too is going to feel the effects. So it will not be that it will be on top of everything and there won't be a square inch of space on the road.
Second, we are looking at congestion in the top major cities. Have we got affordable family transport in the two tier and three tier cities? Is it their lot not to have a vehicle? The huge potential lies when India gets connected in the rural areas.
Recession, Recession Everywhere
10 Jan 2008
BJP And Gandhi
Nanded's Shame
Clinton, Obama... Does It Matter
Given the disasters the Bush administration has caused in Iraq and elsewhere, it is only natural that all candidates — Democrats and Republicans — feel obliged to declare they will bring about a substantive change in the way the U.S. deals with the world.And that's the truth.
In reality, the change, when it comes, will at best be marginal.
PS: If anyone out there is wondering where Siddharth Varadarajan vanished after the nuclear deal fracas, he's here.
6 Jan 2008
Comparing Riots
So, on virtually every parameter you can measure, 1984 was worse than 2002. Why then is Modi called a fascist while the Congress is heralded as a secular saviour? Sitaram Yechury of the CPM points out that the Congress ultimately apologised for the 1984 killings, but the BJP has still not done so for 2002.What does the left parties apologising or not have to do with Gujarat & the anti-Sikh riots?! We're talking about the Congress and the 1984 riots here, aren't we? And why does the left have to apologise for what happened in other countries? As for Nandigram - there is no clear record on what happened there yet and in any case the government there is trying to find a way out and has apologised more than once as far as I can remember. And yes, a sorry makes a big difference.
That is indeed a difference. Modi needs to make a similar gesture. But have the two Communist parties apologised for the millions murdered by their comrades globally?
He also forgets one point: the Gujarat riots are different from the anti-Sikh riots in this respect too: no one can call the Congress anti-Sikh, so the riots can be explained away as a madness of a few days. However, the BJP has always been and perceived to be anti-Muslim - how much ever they try to claim otherwise - hence Gujarat riots acquire a different meaning.
Nitish Kumar Gets A Pat
5 Jan 2008
Bloggers & Their Readers
now have to explain to my wife why I have had tears running down my cheeks all afternoon.
…
Try explaining it to coworkers. I have to keep dashing to the washroom to dab and check for blotchiness.
Wife: So, you’re real upset over this person you never actually met?Me: Yeah.
W: Huh?
Me: Well, I still felt like I knew him. He was decent, and honest, and funny, and sometimes a real pain in the ass. You know, a real person?
W: But this was online? You never met him even once?
Me: Nope. Read him a while, argued with him a bit. Never met him…
W: Huh?
Me: Yeah…
W: So you have this whole other life online I know nothing about?
Me: Well, it’s not like a dating service or anything. It was a blog.
W: What?
Me: Later honey…
4 Jan 2008
More On Benazir Bhutto
Benazir Bhutto was certainly a brave and secular-minded woman. But the obituaries painting her as dying to save democracy distort history. Instead, she was a natural autocrat who did little for human rights, a calculating politician who was complicit in Pakistan’s becoming the region’s principal jihadi paymaster while she also ramped up an insurgency in Kashmir that has brought two nuclear powers to the brink of war.
People Power
The government doesn’t hold much land. The land belongs to communities, and this Congress government will not go against the wishes of the people.
3 Jan 2008
Oil Prices Spikes
Update: Here's someone who was not clairvoyant:
Rupert Murdoch, on the eve of the invasion of Iraq: The greatest thing to come out of this for the world economy, if you could put it that way, would be $20 a barrel for oil. That's bigger than any tax cut in any country
Stop The Goa SEZs
Of Investigations
Also, interesting that the killing of a Rafiq Hariri, allegedly by anti-US Syria, gets an UN investigation and becomes a major international incident, but the death of Bhutto gets a mere Scotland Yard helping hand.
30 Dec 2007
Wake Up
New Delhi needs to think hard about the shifting templates of the Middle East’s geopolitics. All indications are that Russia and China anticipated, months ahead, the inevitable collapse of the U.S.’ containment policy toward Iran. How such wisdom eluded our government, remains a question mark. If the U.S decides now to march towards a constructive engagement of Iran — which seems likely — where does that leave the UPA government? The latter must first unscramble the omelette.
That is to say, it must rapidly deconstruct what it precipitated under American pressure — and then try to rebuild. Not an easy task.
The LNG deal with Tehran negotiated by the National Democratic Alliance government has all but perished following the UPA government’s somersault under American pressure at the International Atomic Energy Agency over the Iran issue. No one talks anymore about our grandiose plans of a “north-south” transportation corridor via Iran. The gas pipeline project languished while the government used one lame excuse after another to drag its feet.
The State Bank of India’s curb on normal trade with Iran is completely illogical. Evidently, Washington pressured us. While doing so, the Bush administration kept us in the dark about the NIE sailing into view. Now, what sort of a “strategic partnership” with the U.S. — and what sort of a “friendly” President in the White House — are we talking about? Washington took our government’s naiveté for granted.
It is plain common sense that India has a congruence of interests with Russia and China in optimally exploring the primacy that Iran places on Asia for its energy exports. That is why the Iran pipeline becomes crucial. That is precisely why Washington wants to stifle the project. The spectre that haunts Washington is the emergence of an Asian energy club involving Russia, Iran, China, and India. The U.S. apprehends that such an Asian grouping — first proposed by Russian President Vladimir Putin in 2003 — will disrupt its strategy of global domination. Through its lukewarm attitude towards the Iran pipeline, the UPA government has tacitly collaborated with the U.S. global strategy.
Profit-Making PSU?!
the successful delivery of “multiple end results” ranging from quality customer care, environment protection and fuel conservation to better overall use of available resources, transforming a typically cash-constrained transportation PSU into a viable business entity, thereby becoming a role model for other State PSUs.But PSU''s are not supposed to be viable business entities! Loss-making, draining the public exchequer, yes. Profit-making, no. That's what I was led to believe.
On Moha
He also said that going abroad was not ‘impure’, but dhanamoha and videshamoha were bad.What does he have to say about rajakiyamoha I wonder. He may not consider it bad, seeing how he does not mind dipping his pure toes in the murky swamp of rajkiya, especially of the right-wing kind. See here and here.
Conversions
The VHP’s action is a violation of the constitution which recognises the right of every citizen to practise any religion he chooses. It is not for the VHP to decide whether citizens have the right to convert or not. It is a matter of concern that the government has failed to take stern action against the VHP when its activists rape, kill and loot people belonging to other faiths.Of course, the constitution is for suckers.
In The Beginning Was Money
A very broad pattern was established in which the CIA subcontracted the anti-Soviet jihad to ISI. Pakistani intelligene is a division of the Pakistani army and not organized as a civilian intelligence service. ISI is generally commanded by a two-star general, and its cadres are drawn from the officer corps of the Pakistan army.
They are organized in clandestine regional bureaus. The Afghan Bureau became the instrument of the anti-Soviet jihad. These were often Pashtuns, who had language and local identity and were seconded to the Bureau for long periods of time.
Why did the CIA turn over its political program in the jihad to ISI? Partly the Agency was scarred by its experience in Vietnam, and there was a sense of no more "hearts and minds" for us. We’ll let the Pakistanis figure out who the winners and losers are politically. If they have a complicated regional agenda that is even more Islamist than we would like, so be it. We will focus on the main adversary, the Soviet Union. We won’t try to tell the Pakistanis how to run politics in the region.”
That established a pattern in which the United States and the Saudis together turned over enormous sums of money to ISI and said, “You pick the winners.” ISI chose Hekmatyar as their primary winner, and Hekmatyar, in turn, created a nexus in which al Qaeda thrived by the end of the 1980s.
29 Dec 2007
Brave Indeed
“She was far bolder and braver than most men I know....She had to come back, she was a brave lady — one thing she was not was timid".
But Will It Happen?
In order to get through this crisis, Bush must insist that the Pakistani Supreme Court, summarily dismissed and placed under house arrest by Musharraf, be reinstated. The PPP must be allowed to elect a successor to Ms. Bhutto without the interference of the military. Early elections must be held, and the country must return to civilian rule. Pakistan's population is, contrary to the impression of many pundits in the United States, mostly moderate and uninterested in the Taliban form of Islam. But if the United States and "democracy" become associated in their minds with military dictatorship, arbitrary dismissal of judges, and political instability, they may turn to other kinds of politics, far less favorable to the United States. Musharraf may hope that the Pakistani military will stand with him even if the vast majority of people turn against him. It is a forlorn hope, and a dangerous one, as the shah of Iran discovered in 1978-79. 'But will Bush do it?
28 Dec 2007
Let's Give It Up For Panditji
The Deathly Touch
The NYT reported that US Secretary of State Condi Rice tried to fix Musharraf's subsequent dwindling legitimacy by arranging for Benazir to return to Pakistan to run for prime minister, with Musharraf agreeing to resign from the military and become a civilian president. When the supreme court seemed likely to interfere with his remaining president, he arrested the justices, dismissed them, and replaced them with more pliant jurists. This move threatened to scuttle the Rice Plan, since Benazir now faced the prospect of serving a dictator as his grand vizier, rather than being a proper prime minister.Update: via Atrios
With Benazir's assassination, the Rice Plan is in tatters and Bush administration policy toward Pakistan and Afghanistan is tottering.
In terms of policy implications, this is reflective of a massive US foreign policy blunder, in that the Bush administration, in a monumentally stupid move, shoved Bhutto down the throat of Musharraf (and the rest of Pakistan) as a savior, despite her lack of broad popular support and general reputation as corrupt. In making someone who didn't necessarily have the ability to deliver the savior for democracy in Pakistan, we simultaneously set up our own policy to fail and offered Musharraf a return to (or continued) total power in the event that our little power-sharing arrangement didn't work. We also -- though not only us -- painted a big fat target on her back. Really a debacle all the way around.Of course, "When you look into the General's eyes, and he says to you I'll take care of the Taliban and the extremists", you trust him. At least if you are Bush.
Flawed Politician
Benazir Bhutto was rather more complicit in encouraging and tolerating Pakistan’s many pathologies (Faustian bargains with the Islamists that included tolerating anti-woman laws, state sponsorship of cross-border terrorism in Kashmir, and self-enrichment — her husband was widely known within Pakistan as “Mr. 10 per cent” based on what people alleged was his share of any government contracts); while Mr. Sharif tried to curb some of them and made some effort at reconciliation with India.
The fascination with Ms Bhutto by the people and governments of the West remains a mystery. Perhaps it is due to her charisma and Western education. She certainly knows how to press the right buttons when speaking to Western audiences through the mass media. Clichés of female empowerment, democracy, poverty eradication, human rights and war against the terrorists trip readily enough off her tongue. But they are all at odds with the actual record of her rule as Prime Minister, not once but twice.
27 Dec 2007
Military-Industry-Democracy Complex
"By reaching out to India, we have made the bet that the planet's future lies in pluralism, democracy and market economics," said Nicholas Burns, the State Department's No. 3 official, "rather than in intolerance, despotism and state planning," an apparent reference to communist-ruled China.No, Mr Burns, you have made the bet that there is no way China is going to buy any arms from you, and that India, on the other hand, will quite possibly do so. Especially as you have so many levers to manoeuvre us into doing so. Russia at least talks only about friendship when it sells us its wares. No hypocritical statement linking everything to the chimera of democracy.
And look at this:
"A significant Indian defense purchase from the United States ... would be a great leap forward and signal a real commitment to long-term military partnership," he added in the November/December issue of the journal Foreign Affairs.A real commitment won't do, we need to show them some moolah too.
23 Dec 2007
Modi's Win
Please not the politics of strong national security - a Bush in the US is more than enough for the world.
Heretic
It's somewhat heretical to say, but I'm one of those who thinks that too many people go to college, though it may be individually rational for them to do so given the signaling nature of it. That is, going to college doesn't really transform people into better works for a lot of jobs, but employers require a college education because it's how people signal they aren't a "complete loser"* who couldn't even manage to graduate from college.True here also - that lots of things learnt during college don't get used on the job, and there are lots of jobs that don't need a degree. Including IT, as this commenter notes:
*To be clear, I don't think one needs to graduate from college to avoid loserdom. That's my whole point! It's just that in our society it's become an entrance ticket to a lot of careers even when the education you get in college isn't really training for those careers.
i've only got one year as a drama major, and been cto for three companies. odd, isn't it? but i have been passed over for jobs at or below the level i was alredy doing because i lack a degree.But we still need lots more of education in country, rather than less, at this point of time I guess.
Please Do Something
“China and India are closely studying South Korea as a trendsetter in Asia,” said Chung Woo-jin, a professor at Yonsei University in Seoul. “They are curious whether the same social and economic changes can occur in their countries as fast as they did in South Korea’s relatively small and densely populated society.”Please complete your studies quickly and do something about it. If I remember correctly the ratio in some states is 685 to 1000.
The Way The Cookie Crumbles
In a 1963 essay for Ms. Rand’s newsletter, Mr. Greenspan dismissed as a “collectivist” myth the idea that businessmen, left to their own devices, “would attempt to sell unsafe food and drugs, fraudulent securities, and shoddy buildings.” On the contrary, he declared, “it is in the self-interest of every businessman to have a reputation for honest dealings and a quality product.”
It’s no wonder, then, that he brushed off warnings about deceptive lending practices, including those of Edward M. Gramlich, a member of the Federal Reserve board. In Mr. Greenspan’s world, predatory lending — like attempts to sell consumers poison toys and tainted seafood — just doesn’t happen.
...
Of course, now that it has all gone bad, people with ties to the financial industry are rethinking their belief in the perfection of free markets. Mr. Greenspan has come out in favor of, yes, a government bailout. “Cash is available,” he says — meaning taxpayer money — “and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.”
Laddoo
At the market square in Rajkot in Saurashtra, a Leuva Patel shopkeeper compared the Congress to the laggard who opened his mouth to yawn only to find someone had slipped a laddoo into it.Nice imagery. Read the whole thing - build up the suspense for the day.
21 Dec 2007
FM News
The FICCI radio forum, in the memorandum, has urged the government to allow six to eight minutes per hour of news & current affairs programming on the channels to reverse this trend.The thin end of the wedge.
20 Dec 2007
More Money For Education
“Education is an area of special focus in the 11th Plan. Education is our best hope for achieving inclusiveness and for spreading development to backward regions and marginalised groups,” Dr Singh said.Dr Singh can say that again.
Food for thought:
Asserting that public education was indispensable, he said the deficiencies in basic education could not be met by the expansion of private schools, which “have not been able to play that role anywhere else in the history of the world.”Of course, no self-respecting private school would go to even the least remote village.
19 Dec 2007
Today's House Special - Citibank
Ramesh Ramanathan in Mint (no link, this came in with the email).
THE CASE OF THE AMERICAN BANK, THE ABU DHABI LIFELINE AND THE INDIAN CEO
It's a potent recipe - take a household name in global financial markets, grill over the heat of a mortgage meltdown, marinate in the mystery sauce of middle-eastern money, and garnish with the spice of an Indian CEO. Each of these ingredients by itself would be sufficient for heated dinner-table debates among the cognoscenti, but taken collectively, this dish is hot.
For the uninitiated in the cuisine of the financial markets: the bank – Citibank. The middle-eastern bailer-outer – the $ 850 billion Abu Dhabi Investment Authority (ADIA) which took a $7.5 billion stake.The Indian CEO – Vikram Pandit.
The situation begs so many questions that I've clubbed them into four categories.
About the CEO
- Why did Vikram Pandit take the job? What's the motivation for someone already worth a few hundred million dollars to step into a near-impossible situation?
- What are the odds that he will succeed? (See the next question on mega-banks)
About institutions
- Is a global full-service bank with businesses in investment banking, brokerage and consumer products spread across hundreds of countries, actually possible to run as a single entity, with sustainable value accretion to shareholders?
- What's the role of governing boards? AIDA's investment does not give it a seat on Citibank's board, but so what. There is an interesting story in the Wall Street Journal about Robert Morgenthau, a US public prosecutor who - in the 90s - pursued the scandal around the collapse of BCIC, a Middle- Eastern bank funded by the Abu Dhabi Emir. The report states, "Sheik Zayed called to inform the State Department that, if Mr. Morgenthau indicted anyone in the royal family over the scandal, he would pull his billions out of the U.S." Can Citi's board of directors actually call the shots?
- Even if independence of the board were possible, is this how we want capitalism to work, that key investors are separated from governance? How does this jell with the argument for private equity funds who use their stakes to drive organisational change?
About national interests
- Does the Federal Reserve Bank have one more reason to feel nervous? Just a few weeks ago, Chairman Ben Bernanke told the US Congress that he supports a code-of-conduct f or Sovereign Wealth Funds (SWFs) to promote transparency and accountability. Very little is known about ADIA - its website (www.adia.ae) is an electronic fortknox. Will the Fed demand more disclosure, given that Citibank is a "too big to fail" institution linked to systemic financial stability?
- What's the likely political backlash, especially in an election year? The Dubai Port Trust investment in several US ports was shot down by the US Congress, after criticism that national interests were being sold out. Can this issue also mushroom into a political one? How will an Indian CEO answer these?
- What are national interests anyway? Is Citibank really a US bank any more? How would we measure this – origin of deposits, domicile of shareholders, source of revenues?
About global markets and governments
- What does the growth of SWFs mean for global financial governance? National regulators are increasingly finding themselves hobbled by transnational flows, like using mosquito nets to protect against the flu. The voices for a global regulatory regime are getting louder. But can this really work, given that political power – and hence true decision - making leverage - is created and harnessed only within national boundaries?
- What is happening to the relationship between market economies and democracy? Over the past two decades, the trend seemed inevitable – or at least was projected as such that one would drive the other, and the sum of the two was good for things like liberty and freedom. Francis Fukuyama wrote in "The end of history" of the "universalisation of Western liberal democracy as the final form of government." This hypothesis may come under fire. The UAE falls far short of acceptable global standards in democracy - it doesn't even have adult franchise for its citizens. And yet it runs an investment fund that gives it access to the crown jewels of the capitalist system, at the heart of the mature democracies of the world. Are we seeing a new order emerge?
Citibank was often ahead of the pack in the banking industry. This time around, its actions are unleashing a torrent of questions that go well beyond the sector. It's too early to be talking of answers. Seems like this dish is going to be on the menu for some time to come.
18 Dec 2007
No, That's No Good Either
Shimla: Senior BJP leader L.K. Advani on Monday admitted that the party’s “India Shining” slogan during the 2004 Lok Sabha election was a “mistake.”Of course, regular readers of this blog will be aware that our editorial stand on this topic is that the latter slogan is also quite a washout.
“India Shining slogan was a mistake. The better slogan would have been India Rising,” Mr. Advani, who was the Deputy Prime Minister during the NDA rule when the slogan was coined, said here.
16 Dec 2007
Politics & Facts
Chennai: Infosys mentor N R Narayana Murthy on Saturday flayed politicians for taking “ego-centric” stand on several critical issues, including Indo-US nuclear deal, without properly studying the facts. “Most of our politicians do not have the details of the Indo-US nuclear deal. However, they are taking a stand”, he said speaking at a management seminar organised by the Great Lakes Institute of Management here on Saturday.No one denies the merits of fact-based decision-making. And one respects NR Narayana Murthy immensely for doing what he has done with Infosys and for his 'High thinking and simple living', but there are some issues with the above formulation with respect to the nuclear deal.
“When I ask them have you read the 123 agreement, please tell me what areas which you see are bad, very few of them are in a position to give facts. However, they have already taken a position,”
...Advising the students, he said, “please avoid taking decisions based on ego, based on perceptions and go for an analysis based on data and facts. In the end, everybody is happy.”
1. The other party involved in this deal is not fact-based. It's record on Iraq, Iran, Kyoto/global warming, Pakistan - and all this in the very recent past that I remember - speak of a singular contempt for fact and a love of self-interest above everything else. Do we want to deal with such an entity without closing all loopholes in the agreement?
2. There are some salient facts quite apart from the text of the 123 agreement itself which should make one reject the deal.
- The record of the UPA government in being pressurised by the US on account of the deal, into acting quite differently from how it would have normally is quite poor. The Iran vote, the IPI gas pipeline, removing explicitly pro-pipeline Mani Shankar Aiyer from the Petroleum Ministry, cooling off of relations with Russia - all these are examples.
- The Hyde Act which everyone agrees is quite disagreeable, and the fact that there is no explicit clause which prevents the US from taking recourse to its domestic laws (e.g., the Hyde Act) to pull out of the 123 agreement - though such a clause is explicitly mentioned in the 123 agreement with China.
4. Forget politics, even some corporate policies are based on some vague thoughts without any basis in facts. Take for example, the matter of clothes in some IT based companies. Some of them require formal clothing on almost all days. This includes wearing of ties on certain days, which meets with lots of natural chaffing at the bit given the day-time temperatures in many Indian cities. Some companies going to the extent of advising their female employees not to forget to use dupattas! What are the possible reasons for such a policy?
- Productivity? Google among other highly productive companies don't have formal clothing rules. In fact, I believe Googlers/googlies are allowed to bring their pets to the office!
- Making favourable impressions on visiting clients? Has any fact-based study been made on whether clients give more weightage to clothes that their vendors' employees wear compared to the quality of deliverables. I've not heard of any such study.
- Getting employees used to wearing formals and getting the tie-knot just right? But a training session (or sessions) before the employee flies to the land of formality would probably be just as effective - have any facts been gathered on the efficacy of the two methods?
5. Sometime ago, NR Narayana Murthy called for a road on piles to Electronics City in Bangalore to reduce commute times. The government jumped to it promptly and the road is coming up. I have not come across any facts about the cost of the road, what its benefits are compared to the costs, what alternatives were considered, how exactly it would help when the rest of the city is still jamming away like Jimi Hendrix, etc. What does one say about that?
Of course, one would also love to know how many of the deal's supporters have read the 123 agreement in full.
Freedom
"Each prisoner has in his cell a carpet measuring 1.2 m by 2.5 m. And they spend 23 hours a day sat on it, in silence. If they speak, they are chained to the ceiling for 20 minutes and black visors are put on them so they can't see and protectors are put on their ears so they can't hear. They are taken down to the basement once a week, in groups of five or six, to shower them. It's done to drive them crazy. I almost went crazy", recalls Corsetti. Apart from those normal cells, in the basement of the prison there are six isolation cells, plus two rooms for who the former soldier describes as "special guests".
...
And the cries, the smells, the sounds, they are with me all the time. It is something I can't take in. The cries of the prisoners calling for their relatives, their mother. I remember one who called for God, for Allah, all the time. I have those cries here, inside my head".
...
An important subject was that of psychological torture, administered by psychiatrists. "They tell them they are going to kill their children, rape their wives. And you see on their faces, in their eyes, the terror that that causes them. Because, of course, we know all about those people. We know the names of their children, where they live - we show them satellite photos of their houses. It is worse than any torture. That is not morally acceptable under any circumstances. Not even with the worst terrorist in the world"
On Pot
Sheriff's Office narcotics detectives reported raiding three houses where hundreds of marijuana plants were being grown.And why is the country which has ganja as its biggest cash crop (via CR) so keen on Afghans destroying their opium? Talk about pot calling the kettle black.
...
The investigation, which started 18 months ago, has led to a total of six raids at five addresses -- including the houses searched Thursday -- Carney said. Detectives have confiscated almost 2,000 plants, worth $2.4 million to $3.6 million on the street. The other houses are in South County and one has been busted twice by drug officers, Carney said.
The same group of people bought all the houses in 2005 and allegedly set up the grows, according to detectives. Investigators think the owners were using the marijuana grows to pay the mortgages on the homes.
Benazir-speak
Go On, Get On With It
There may have been no overt violence in the last five years and both communities may repeatedly express a desire to look beyond 2002 and “get on with their lives”. But beneath the surface calm, the communal divide in Gujarati society has become much deeper; the polarisation of differing worldviews almost complete.
For the average Gujarati Hindu, the Muslim remains a figure of fear and loathing and will be tolerated only “if they behave themselves”.
Padma Desai (name changed), an educated and articulate Vadodara schoolteacher, is all praise for the “development” under Modi. But when we finally broach the subject of the Godhra aftermath, she says: “We all feel really bad about it. But frankly, something like that was needed to show the Muslims their place.”
It is a common sentiment. Taxi drivers in Ahmedabad will routinely tell you that it was impossible to enter Muslim areas before and no girl could walk safely on the streets at night for fear of the marauding Musalman. All that has changed because Modi “taught them a lesson”.
And that, more than the violence and the abysmal condition in the relief camps, is what hurts the ordinary Muslim most. “We can forget what happened after Godhra, but the BJP has convinced every Hindu that all Muslims are terrorists, goondas, pro-Pakistan. They have made Hindus view us with suspicion. Tell me madam, if there is an Indo-Pak war, do you think their bombs will spare us?” asks Abdul Qadir.
Climate Change
14 Dec 2007
Godmen And Indian Classes
What is it with these people - politicians, cricket stars, movie stars? Does popularity, fame and wealth addle the brain? Or do they become so insecure?12 Dec 2007
From The Pens Of Babes & Sucklings
Scary thought.I have now received three (3) student papers that discuss Iraq’s attack on the Twin Towers on 9/11. All three papers mention it as an aside to another point. I’ve had two papers on the virtue of forgiveness that argue that if we had just forgiven Iraq for the 9/11 attacks, we wouldn’t be at war right now. I just read a paper on the problem of evil which asked why God allowed “the Iraq’s” to attack us on 9/11. The thing that upsets me most here is that the the students don’t just believe that that Iraq was behind 9/11. This is a big fact in their minds, that leaps out at them, whenever they think about the state of the world.
In Other Words
11 Dec 2007
7 Dec 2007
Prevention Better Than Cure
6 Dec 2007
Good Advice
The latest NIE opens a path for the UPA government to once again step on the gas — by all accounts, negotiations on the Iran-Pakistan-India pipeline project have reached the stage where a deal is fully within grasp, provided Dr. Singh is willing to invest the kind of political capital with the Iranians that he so readily deploys with the U.S. Two years ago, India scored a politically costly own goal to appease the Bush administration’s drive to sanction and isolate Iran. It is now time to repair the damage.But will Dr Singh take off his blinkers and take it?
Bush's Brain
"My first thoughts were these: What happens if this happened to my daughter? How would I react? And I would have been ... I would have been very emotional, of course.
"I'd have been angry at those who committed the crime. And I would be angry at a state that didn't support the victim.
Now we know why he didn't get emotional about, say, Abu Ghraib - he doesn't have any sons.
Kill Him, Kill Him!
It was vintage Modi in his campaign speech at Mangrol: "Sonia Gandhi spoke of terrorism. But she has no right to talk of this. Till today, those who attacked Parliament haven't been sent to the gallows. Congress in Gujarat is raising its voice on the Sohrabuddin issue. But, it should explain to the people what should be done to a man who stored illegal arms and ammunition. You tell me, what should have been done to Sohrabuddin?"
The rally echoed with shouts of "Kill him, kill him." Modi responded with: "Well, that is it. Do I have to take Sonia Gandhi's permission to do this?"
1 Dec 2007
No Threat To Sovereignty, But
30 Nov 2007
All's Well And God's In His Heaven
28 Nov 2007
SIMI
...adding, why don't we get more of such analyses instead of generalizations about all Muslims being somehow predisposed to violence and terrorism and Islam being a religion that advocates jihad etc...
Breeding Violence
But that was when I saw the wide, silent eyes of the families’ children as we screamed at their father — their hero, their protector — and wrested from him the reins of power inside his own house. And that’s when it started to dawn on me just what kind of effect our actions were having on the next generation.And Times Now invited an Israeli commentator to discuss how to combat terror just after the UP bombings. Though another Indian expert did point out that Israel was a theocratic state that was using overwhelming military power - with consequent toll of civilians - to achieve its aims.
27 Nov 2007
Howard's Loss
The attempt to tarnish Mr. Rudd’s character caused no lasting damage to him, but scored three own goals for the coalition. First,it brought the most vulnerable part of the coalition’s record — truth in government (cue Iraq, weapons of mass destruction, reducing terrorist threat, asylum seekers in a leaky boat being turned away with no mercy and lots of lies, more lies with children overboard, the government backed AWB as the biggest defrauder in the U.N. oil-for-food scandal, election promises broken because they were non-core, leadership deal with deputy Peter Costello that was brushed aside, ministerial code of conduct that was abandoned because too many were having to resign) — front and centre in election year.That matches exactly what I heard from someone from down during my cycling trip - he was sick of John Howard's lies. So it was a bit surreal to hear an analyst/correspondent on CNN dismissing Iraq as a factor, and attributing the defeat almost wholly to climate change policy! Thank god for The Hindu.
24 Nov 2007
US Subsidies
Some related posts here, here and here.
22 Nov 2007
The Line Between Sensible & Stupid
"He hasn't crossed the line. As a matter of fact, I don't think that he will cross any lines," Bush replied, according to an ABC transcript. ". . . We didn't necessarily agree with his decision to impose emergency rule, and . . . hopefully he'll get . . . rid of the rule. Today, I thought, was a pretty good signal, that he released thousands of people from jail."Leading someone to ask:
"What exactly would it take for the president to conclude Musharraf has crossed the line? Suspend the constitution? Impose emergency law? Beat and jail his political opponents and human rights activists?" asked Joseph R. Biden Jr. (D-Del.), chairman of the Senate Foreign Relations Committee and a presidential candidate.Let's see, what would it take? The general not funneling the US government's aid money back to US defense companies?
A Bird In Hand
That is to say, the hard reality is that there is no TAP on the anvil in the near future as an alternative to the Iran pipeline project. Our Petroleum Ministry must ponder, “what next.”Does Manmohan Singh wear spectacles or blinkers?
20 Nov 2007
Progress
The silver lining is that, even in Orissa, the traditional system of extortion seems to be finding it harder and harder to survive. In fact, contractors are not particularly happy with NREGA; vulnerable as it may be, the system has become more difficult for them to control. They are apprehensive of a possible tightening of the checks and balances, and have started fading away in some places (in almost half of the sample gram panchayats, there was no evidence of their involvement).
In some of the sample gram panchayats (notably in the Boudh District), corruption levels in NREGA are already much lower, by all accounts, than in earlier employment programmes such as SGRY and the National Food For Work Programme. Strict implementation of the transparency safeguards is the best way to accelerate this process of “phasing out” of the traditional system of corruption.
This story would be incomplete without a mention of the tremendous potential of NREGA in the survey areas. Where work was available, it was generally found that workers earned close to (and sometimes more than) the statutory minimum wage of Rs 70 per day, and that wages were paid within 15 days or so. This is an unprecedented opportunity for the rural poor, and there was evident appreciation of it among casual labourers and other disadvantaged sections of the population. Some of them even hoped that NREGA would enable them to avoid long-distance seasonal migration, with all its hardships.
Further, there is plenty of scope for productive NREGA works in this area, whether it is in the field of water conservation, rural connectivity, regeneration of forest land, or improvement of private agricultural land. The challenges involved in “making NREGA work” should always be seen in the light of these long-term possibilities, and their significance for the rural poor.
Of Roaches
The article “Cockroaches abandon their better instinct” (Nov. 17) makes a mention of the unique egalitarian system in cockroach societies. The fact that there is no social stratification as in some other insect societies caught my attention. On reading what Jose Halloy said about roach societies — that they are simple, egalitarian and democratic — I could not help thinking how much the description about these otherwise squalid creatures tells us.We in India, who are struggling to overcome social stratification (in the form of the deep-rooted caste system), have a lot to learn from these lowly-rated, abominable insects that invite disgust from one and all. We stand much higher in the ecological hierarchy but we are no match for them in such a basic principle of living. Cockroaches are living in a self-made heaven but where are we?
18 Nov 2007
Dirty Powers
Why haven't they replaced all those polluting plants with nuclear plants?
Democracy
Also, the US is calling for free and fair elections. At the same time:
“The Americans are nervous about not having Musharraf in charge of Pakistan,” an official in the Pakistani presidency said. “They were told that the situation is very, very fluid.”How will that work I wonder.
And yes, doesn't Mush have them by the short hairs doesn't he.