A load of crap from an idle brain

3 years of hard work…all for this.  Got my MBA convocation certificate. Yay.

Next whole week i will be on course.  After that, a few more certifications…maybe.

Few additions to the blog including my portfolio on the right.  Also the latest BSE / NSE and stock prices updated in real time.  Was sick of logging on to different websites to check for the stock prices.  So, put up all of them here on this blog.

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The Queen of England passing the baton to Indian President Pratibha Patil

Suresh Kalmadi & Abhinav Bindra

Shera, the mascot of 2010 Delhi Commonwealth Games

Kapil Dev, Randhawa and Sebastian Coe with the baton

Dancers performing in front of the Buckingham palace.

Milkha Singh, Malleshwari, Sushil Kumar & Dilip Tirkey

Commonwealth Games website

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Other countries are taking benefits of all the hardwork done by the Bush government in signing the nuclear deal with India.  After US, France, Russia, Kazhakstan, Namibia, its the turn of Mongolia to sign the nuclear deal with India.

More deals with countries would mean that India wouldnt need to depend on a select group of countries for its demand of uranium to power its energy sector.

India on Monday signed a civil nuclear pact with uranium-rich Mongolia that will help it source uranium for its power plants.

According to a joint declaration signed by the two countries, participation of Indian companies through joint ventures and investments in the mining sector in Mongolia is on the cards. “A delegation from India has been invited to Mongolia to discuss the prospects for such a cooperation,” the declaration said.

Mongolia is the sixth country with which India signed the civil nuclear pact after the 45-nation Nuclear Suppliers’ Group lifted a 34-year-old ban that had prevented it from trade in the field with the international community. India has earlier signed such agreements with US, France, Russia, Kazakhstan and Namibia.

The agreement — a memorandum of understanding on cooperation in the field of peaceful use of radioactive minerals and nuclear energy — was signed between officials of Department of Atomic energy from both sides in the presence of Prime Minister Manmohan Singh and Mongolian President Tsakhiagiin Elbegdorj at Hyderabad House.

Four other agreements that were signed between the two countries dealt with loan assistance, health and medical science, cultural exchange programme and cooperation statistical matters.

“We have decided to update our bilateral ties to the level of a ‘Comprehensive Partnership’,” Singh said.

India has also agreed to provide Mongolia a soft loan of $ 25 million to help it stabilise its economy in the wake of the financial crisis. In the area of human resource development and capacity building, India will double the number of annual slots for Mongolia under its Indian Technical and Economic Cooperation programme from 60 to 120.

“I have assured the President of our readiness to assist Mongolia in the field of education, particularly in the teaching of English language, and information technology. We will assist Mongolia in the establishment of an Information Technology Centre,” the PM said. While describing the conversations with the Mongolian President as “extremely productive”, the PM said relations with Mongolia are an important pillar of our policy in the Asia-Pacific region.

The declaration also said that development of defence exchanges and cooperation on the basis of the Agreement on Cooperation in Defence Matters signed in 2001 will continue. “The fifth joint military exercise will be held in Mongolia later this month. The third meeting of the Joint Working Group on Defence Cooperation will be held in Ulaanbaatar at a mutually convenient time in 2010,” it said.

Picture source: EFTrends

News source: IndianExpress

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South Korea and India signed an ambitious free trade agreement Friday that slashes tariffs, encourages investment and promotes exchange of skills in a bid to double fast-growing commerce between two of Asia’s biggest economies over the next decade.

South Korean Trade Minister Kim Jong-hoon and India’s Minister of Commerce and Industry Anand Sharma signed what the two sides formally called a Comprehensive Economic Partnership Agreement, but which in reality is a free trade deal.

Incheon International Airport, Seoul, South Korea

“This is a historic occasion,” Sharma said at a joint press conference with Kim.

Kim said it was South Korea’s first free trade accord with one of the fast-growing BRIC countries — Brazil, Russia, India and China. Sharma said it was India’s first comprehensive trade agreement with a major economy. Bilateral trade between the two countries reached $15.6 billion dollars last year, according to South Korea, and has been steadily growing. In 2002, it amounted to just $2.6 billion.

“We will be able to have access to one-sixth of the global market,” Kim said, adding the agreement “will open a significant opportunity as well as strengthen our relationship with India into the future.”

Sharma said the economic relationship between the two countries “has enormous potential to grow” and could double over the next 10 years.

“That’s what we will be aiming at,” he said. “This is just the beginning.”

The deal calls for abolishing or cutting tariffs for 90 percent of Indian goods in terms of value and 85 percent of South Korean products and increases investment opportunities, Seoul’s Ministry of Strategy and Finance said in a statement. It also allows for greater human resources exchange between the countries, the ministry said, paving the way for Indian computer and software experts as well as English teachers to gain access to the South Korean market.

“India has great competitiveness in terms of its IT professionals and so they will be able to come to Korea to contribute to the growth of the national economy in Korea,” Kim said. “English teachers from India will be able to contribute to the development of education in Korea as well. “

Lotus Temple, New Delhi

Major South Korean corporations such as Samsung Electronics Co., Hyundai Motor Co., LG Electronics Inc. and steelmaker Posco are already active investors in India. Negotiations for the deal began in February 2006.

Though the agreement has been signed, several steps remain on the South Korean side for it to take effect, such as ratification by the National Assembly, according to the ministry. India, however, has completed all necessary procedures for the deal to take effect, the ministry said. The latest deal highlights South Korea’s national strategy of aggressively pursuing free trade agreements.

Seoul signed a free trade deal with the United States in 2007, though it has yet to be ratified by legislatures in both countries amid political sensitivities and suspicions regarding free trade among some lawmakers. Seoul also has a free trade agreement with the Association of Southeast Asian Nations and said last month it has concluded negotiations with the European Union. South Korea’s biggest trading partners include China, the EU, the U.S., ASEAN and Japan.

Above news source: AFP

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First a trip to smelly and dirty Chennai, then a trip to equally smelly and extremely dirty pilgrim town called Velankanni (with the famous shrine of Mary) and finally to an extremely clean, cold and windy Hyderabad.

Chennai was sweltering hot, i sweated buckets.  Coupled with that the scarcity of water and a city that is used by its citizens as a garbage dump.  You wonder where the municipal workers of the city are?  If at all they are doing the work.  Whether you are the middle of the city or at the outskirts, one thing that defines Chennai is the consistent crappy smell in the air.  The air stinks in Chennai and uniformly so.  Dont know why and how.  This is in addition to the dirt and filth all around.  Wonder which moron decided to name it a metro.

Velankanni was equally dirty.  For a piligrim town with such a potential for tourism, there are hardly any good lodge/hotels.  The only good ones are the dorms run by the church, but they too offer you rooms for the next day only.  And if you are the ones (like me) who just drop into the town with no reservations, hoping to stay at some hotel, be disappointed with the kinds of rooms you get there.  As for the restaurants, stay away if you dont want to come down with some extreme case of food poisoning or diarrhea.

If you have any plans of going to Velankanni, stay at Nagapattinam, a town near Velankanni.  Take a bus in the morning to Velankanni, see around and come back to Nagapattinam.  This was advised by my friends after i did my trip much to my exasperation.

Took a train from Chennai to Hyderabad.  Was travelling by the Indian Railways after more than 11 years and loved the experience.  Reached Hyderabad early morning around 6am on the 14th (our 1st wedding anniversary).   Was amazed at how clean the city of Hyderabad was at 6 in the morning.   Either the roads were swept clean or at some places the cleaners were hard at work.  Kudos to the Greater Hyderabad Municipal Corporation (GHMC) and the people who work for them for keeping the city reasonably clean.

It was drizzling all through and there was a nice cool breeze.  Loved it. Since we were tired, we preferred to rest.  There was not much celebration for the anniversary as all plans were for wifey’s birthday which was 2 days later on the 16th.  Had a get together at home for friends and family for wifey’s birthday.

Later on in the week, went to the new mall in town, GVK-1.  Good place to hang out, but there was something lacking in the place.  I prefer Hyderabad Central or City Center.  Also the mall is pretty new and the shops are only coming up.  Maybe it will be good once it fills up.

Saw the movie New York.  Not bad i thought.  Better than the crap that Yash Raj is famous for churning out. Saw the movie at the new INOX multiplex at GVK-1.  The seating is good and so is the sound system.

Travelled back to Singapore via Chennai again.  From the superb airport of Hyderabad to a garbage can called Chennai Airport is a perfect example of what the private sector can do to our economy while at the same time, the Chennai airport run by the inefficient babus of Airports Authority of India have really screwed it up.

There were no seats at the international departure.  They simply disappeared.  For someone who’se flight is yet to start check-in, they simply have to stand there waiting for the counters to open.  Can you believe that?  What about the elderly and the people who need to rest?  Have the airport authorities ever thought about their comfort?

And the cafe’s selling stuff in Chennai airport are nothing but daylight robbery.  Tea is sold for Rs 30.  A samosa / aloo bonda costs Rs 60.  Whereas you get a good Cafe Coffee Day coffee at the Hyderabad airport for just Rs 15.

I can go on and on about the pathetic situation at Chennai airport, but its a waste of time.  Its a perfect example of why the airport needs to be handed over to a private player so that they can do a better job of the same.  Anyone with doubts can look at Hyderabad, Bangalore, Delhi and Bombay airports and compare them to the ones run by AAI.  There is simply no comparison.

Back at office and a mountain of work stares me in the face.  Time to get going.

Chennai picture courtesy: I’m seeing green ;  Hyderabad tank bund and NTR gardens picture courtesy: Hyderabad

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Delhi boy Yuki Bhambri on Saturday created history by becoming the first Indian to win the junior Australian Open title, beating Alexandros-Ferdinandos Georgoudas of Germany 6-3, 6-1 in the final.

Yuki follows in the footsteps of Indian tennis greats Ramanathan Krishnan, Ramesh Krishnan and Leander Paes to win a junior Grand Slam.

Ramanathan Krishnan won the Wimbledon junior title in 1954, the first Asian player to achieve the feat. His son Ramesh carried on the legacy to win the junior titles at French Open and Wimbledon in 1979. Paes was the last Indian to win a junior Grand Slam when he won the Wimbledon Boy’s title in 1990 and the US Open in 1991 as a 17-year-old.

Sixteen-year-old Yuki came into the Australian Open as the top seed, having reached the semi-final here last year. Yuki has been performing exceptionally in the international circuit. His best show so far has been the title win at the Orange Bowl in Key Biscayne in the US, considered to be the fifth Grand Slam, besides the Osaka Mayor’s Cup in October. It catapulted him to No. 2 in World junior rankings.

However, Yuki’s doubles campaign ended in semi-final after he and his Taipei partner Liang Chi-Huang lost 3-6, 1-6 to Russia’s Mikhal Biryukov and Japanese Yasutaka Uchiyama on Friday.

Yuki honed his skills at the famous Nick Bolletieri Tennis Academy in the USA. He is coached by Aditya Sachdeva, who accompanied him to Melbourne.

With Mahesh Bhupati in both the mixed doubles (with Sania Mirza) and in the men’s doubles finals, its some exciting days for Indian tennis.

Above pictures and news from: TimesofIndia

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Russia on Friday became the third country after the US and France to sign a civilian nuclear cooperation agreement with India since this country acquired the waiver from the Nuclear Suppliers Group (NSG). The agreement was signed in the presence of President Dmitry Medvedev and PM Manmohan Singh.

In the initial stages, Russia will help India build two additional nuclear power plants at Kundakulum. Even before the NSG waiver, Russia was helping India build two 1,000 MW nuclear power plants at the same site. The Russians, however, had to wait for the NSG waiver to India for a more more focused nuclear cooperation. More such power plants of Russian design, according to the two sides, will come up at other places in the country. The location for at least two more nuclear power plants is being finalised.

The modalities of the agreement had been thrashed out in November 2007 during Singh’s visit to Moscow but India refrained from signing it citing the need for a clearance from the NSG.

The two sides also signed agreements in other fields like defence, space, trade and commerce.

Full article here

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Today (Wednesday December 3) at 6pm, there is a protest organised at the Taj Mahal hotel in Bombay against the ineffective politicians and the games they play.   At the same time, protests are being organised at these places

New Delhi – Connaught Place

Bangalore – Cubbon Park

Hyderabad – Tank Bund

Read Suparn Varma’s call for protest.  Be there. Do your bit.

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