roobaroo

Sonia Gandhi born Edvige Antonia Albina Maino the italian godmother of the INC and the widower of the reformer former prime minister Late Mr. Rajiv Gandhi has come a long way from being the vilayati bahu of the gandhi family. It is by the grandouisty of the nehru lineage and tradition that has crept into the current role that the lady is playing in Indian Politics. Gandhis in India cant be secluded from politics. The Kids after studying abroad, securing good higher education and having lived in most prosperous cities of the world are now actively involved in conducting rallies for the party and are actually reshaping the political scenario in India. New debates have originated in here discussing the influence and the change of their involvement. But anyways holding no core position and just doing something for the purpose of the party i suppose is appreciable in someway. There is a sense of responsibility in the prestige associated with the nehru era.

Sonia Gandhi has no doubt achieved a status which will be remembered for long in Indian History. She holds the record of having served as Congress President for 10 years consecutively. she was named the third most powerful woman in the world by Forbes magazine in the year 2004 and was ranked 6th in 2007. She was also named among the Time 100 most influential people in the world for the years 2007 and 2008. But a important thing is the fact that All that has happened is mere sequence of events that turned up in the Gandhi Family in recent years. The Italian Lady would never have imagined giving rally speeches to masses in their regional language. It has happened fast and well till now. Future looks promising also.

But, my predictions are that there is much to follow with the young blood like priyanka and rahul gandhi into the Indian Poltical Arena. Nehru Lineage lives on...

In a country where ambassadors and fiats burnt rubber only some years back, delivering a car for a mere $2500 actually is a testimonical evidence to the attention this car has acquired. Nobody could have imagined the product from the Indian Automobile markets seas apart from the germans and italians the pioneers of automotive industry. It is what great leadership can yield. "A promise is a promise" said Mr. Ratan Tata, who has actually dedicated this vehicle as a solution to the families riding a jagged up two wheeler. It is a common scene in India. Surely there is a huge market for this particular car also. The world has gone quite and at sametime astounded by the progress made in the subcontinent.
ABC News commented- “(Nano) can seat five people…if no one breathes.”
Popular Mechanics said- “Automotive journalists had travelled from the four corners of the globe too see a golf cart crossed with a jelly bean.”
MotorTrends remarked- the Nano is “the ultimate reverse status symbol.”
“You can now buy a pair of Tata Nanos for about the cost of breast enlargement surgery.”somebody on some blog remarked.
There are obvious pros and cons of this product with regards to the potential and affect it is going to have on Indian Automobile market and Traffic Condition.
Now i salute the virtue in the great efforts made by Tata Motors responsible for making this project possible despite the many hindrances and glitches in the path.

The analysis can be left for later. The time now is to rejoice the arrival of a invention on Indian Roads and moreover for the thousands who could benefit. Its time to celebrate and the NHAI to think about the widening of Roads. The features that the car listed in its advertisements is something sedans produced in India provide. I picture the kids of a post office clerk accessing the power window of their much appreciated car. Its amusingly strange. it will allow millions of the middle class Indians to own a car. When its detractors talk about a nightmare on India’s already clogged roads and worsening pollution levels I would like to ask-why Nano alone? The biennial Auto Expo alone showcased 25 new models of cars made by carmakers, both Indian and foreign. Ratan Tata said - “Let me assure you and our critics the car we have designed will meet all safety norms and all foreign environmental criteria.” The reputation Tatasons enjoys makes me trust his words.

Come elections, we see the same old story - booth capturing, poll violence, vote buying, muscle power, communal polarization, vote bank politics…
We, the people in Indian IT community, are among the smallest electorate turnout to vote, and very far behind electorate turnouts from rural and less educated communities. Moreover, we have been doing the most complaining, particularly in media (TV, newspapers etc), about the disappointing state of corruption and politics in our country. While less privileged people seem to be doing something about it, we have been on sidelines with resignation and indifference. Yes, there may be valid reasons such as corrupt system/ individuals being too powerful to be confronted by a single person, but time and time again there are examples of how a collection of committed people accomplished unthinkable (hint: how do you think we won our independence?). Enough is enough!

I believe that ‘Voting’, with goodwill of country in mind, will help bring fundamental and sweeping changes to our beloved country. ‘Voting’, while costing nothing or very little to each and every one of us, is the most effective tool to cause change. A single vote can be like a drop of water that has no power to cause change, but when our votes collect together to form an ocean like our mighty and formidable Indian ocean, there would be no doubt about bringing big changes in our society and government.It is my belief that ‘Voting’ is the highest solemn DUTY that any civilian can do in a democracy. So, enough whining, let’s each of us do our bare minimum part, and collectively we will have the best electorate turnout in entire country and then world.
Post elections, power may change hands, but the system remains scarily indifferent. Corruption, red tape, government apathy, criminalization of politics and a lack of governance and accountability exclude the possibility of real change.

It's time we stopped being silent spectators.
It's time we ensured that candidates with criminal records do not get elected.
It's time we made our vote count.

Mayawati Wants to be Third fronts' Prime Minister Candidate. I read this on TOI today morning and as a response a soft smile appeared on my face instantly. The reason, well i just pictured Obama in talks with Behanji in a conference for trade policies. Oh my mind has gone criminal, it was followed by a address of madamji in UN talks. Our Nation is democratic, Mayawati can very well on the top office. Now replacing the economist Mr. Manmohan as the Indian PM would be a new change in the Indian Administration Machinery. I dont exactly how should one react to it with the example of Mr. Lalu doing wonders with the crumbling Indian railways. Who knows what lies defunct or lacking is the extra focussed efforts on the dalits and other deprived classes for the nations progress. There are many plans setup for the nations infrastructural and ecomonic progress. That can still be taken care by the top bureacrats of the setup. But having said that lets also take a look at an astouding statistic that in 2007-08 Mayawati paid more income tax than industrialist and Forbes-listed Mukesh Ambani amounting 26 crores. Corruption at the top office!! Narsimha rao the reformist PM responsible for economic liberalisation of 1991 was also charged of frauds and corruption cases worth crores. Pool in your take on Behanjis' role as PM.

Love it live it be in it.. Good luck finding the infinite abyss

I wish there were some 'for dummies' e-tips available to help find that infinite abyss.. or maybe some mantra. But then, what would all this life had been about. No risks, no thrills, just an ominous frill.
I wish it wasn't this, but it was that.. I wish I were satiable..But then, there would have been stagnancy all around; stagnancy of thoughts, a stagnant sense of sensibility.
I wish there were no troubles and there was no panic.. But then..
trouble, panic, ...
what comes next?? Coldplay!! :D

well these words remind me of the amazing Coldplay numbers.. Don't panic, trouble..
and Don't panic reminds me of the amazing video.
ah well it has nothing to do with the thoughts above, but yeah it reminds us of the heavenly abode called Earth and tries to sensitize us about the fact how we are infecting it and rottening it.. high time..lets think green!!

Coldplay-Don't Panic..

Oh, we're sinking like stones,
All that we fought for,
All those places we've gone,
All of us are done for.
We live in a beautiful world,
Yeah we do, yeah we do,
We live in a beautiful world,
Oh, we're sinking like stones,
All that we fought for,
All those places we've gone,
All of us are done for.
We live in a beautiful world,
Yeah we do, yeah we do,
We live in a beautiful world.
Oh, all that I know,
There's nothing here to run from,
And there, everybody here's got somebody to lean on.

India’s most valuable company (by market capitalization) – Mukesh Ambani-controlled Reliance Industries Limited (RIL) has decided to absorb its Reliance Petroleum Limited (RPL) unit through a share swap arrangement.
RIL said it would issue one share for every 16 held in the unit, giving it direct control of the world’s largest refinery complex.
Below is the analysis from top brokerage houses across the country on the deal and who stands to benefit in the scheme of arrangement.
Angel Broking
RIL currently holds 70.4% stake in RPL, which is likely to increase to 75.4% on account of Chevron selling its stake back to RIL.
The merger is likely to strengthen RILs’s cash flow and balance sheet. RPL has incurred huge capex towards commissioning its refinery and is likely to generate positive free cash flow (FCF) going forward.
Thus, the proposed merger would help RIL utilise this Cash flows in its other business verticals in a fruitful manner.
Alternatively, if RPL would have been maintained as a separate entity and had paid dividend to RIL, it would have attracted dividend distribution tax of 17.99%. Thus, the merger allows RIL flexibility in using RPL’s Cash flows.
The proposed merger could benefit RIL in taking advantage of RPL’s depreciation.
While calculating book profit, RIL would be entitled to take SEZ benefit for RPL’s refinery unit and while calculating taxable income for the year, RIL could avail the benefit of depreciation tax shield.
However, things are still unclear whether RIL would actually benefit from the same.
Who benefits from the merger?
The beneficiary of the merger would depend on the swap ratio. In mergers the swap ratio is determined based on the intrinsic value of the respective companies, which is in turn decided based on various parameters, ie. market value based swap ratio, book value based swap ratio, etc.
As per the 27 February 2009 closing price of RIL and RPL, the swap ratio works out to 1 share of RIL for every share 16.6 share of RPL.
However, on book value basis, the ratio works out to be adverse for the RPL shareholders.
We believe given that RPL is yet to commence production from its new refinery the book value based swap ratio would not be an ideal indicator for fixing a swap ratio.
The case also strengthens from the fact that RPL’s IPO price was fixed at Rs60/share much above the book value of Rs29/share of the company. Thus, a book value based swap ratio does not serve any purpose in this case.
We believe swap ratio in the range of 16-17x will be Neutral for both companies. Since RPL’s listing, the hypothetical swap ratio between RIL and RPL has been in the range of 21 - 10x, giving an average of 15.7x and median of 15.3x.
However, if the ratio is more than around 18x, it would be adverse for RPL shareholders. While any swap ratio of more than 20x would be beneficial for RIL shareholders.