Dreamzzz, Desires n Desperation...

May 7, 2008

Why Charu?


The news came out yesterday that Charu Sharma was sacked by the Bangalore Franchisee from the CEO post of the Royal Challenger team. I am not sure whose decision it was to make him the CEO? Had it been Vijay Mallya then going by his records (tastes) Mandira Bedi should have been put ahead of Charu. So you see, sacking Charu is not a mistake but a correction.

Rumours are there that Katrina Kaif has to shoulder the extra responsibility for the time being as Mandira Bedi is busy with her anchoring commitments. Meanwhile the franchisee is also thinking about tying the compensation of cheer leaders to the number of boundaries hit and wickets taken by the Bangalore team. It's largely being felt that they are being paid for nothing till now. Well, the cheer girls have been spotted in one of the famous temple last day praying for the team. In these dire circumstances thankfully Bangalore has someone to pray for them because the fans are better off wasting money on Royal Challenge rather than wasting time and money on Royal Challengers. At-least it saves the time.

Updates...

One reason for my prolonged absence from blogging scene was the lack of internet access at my home and the scorching summer heat killed the will to walk to the nearest cyber cafe. To top it off, I got a bad form of corn in my foot where the corn caps proved to be useless (they are useless anyway). So I got operated on 8th of April and it was so bad that even after one month there is a hint of limping in my walk.

My Job - I am joining as Associate Consultant in the Enterprise Solution (ES) unit of Infosys at Hyderabad on 12th May. There will be a 2 months training program after which I will be relocated to my base location. (A lot of traveling indeed) I don't know whether Infy allows me to blog about my life at Infosys but hopefully I will try to keep the flame alive.

Have a lot of posts due and I am dying to write one on my experience with the Indian Railways. Will pen down it soon.

Thanks readers..

A big thank you to all of you who have responded to my earlier post on the plight of the migrant workers in Maharashtra. Thanks for the comments and mails. The issue is growing out of proportion and even the Maharashtra government is not doing anything because this "son of the soil" is such a sensitive topic that nobody dares to speak against it. The saddening thing is that Maharashtra is not new to this kind of hate politics. The senior Thakrey started all this in 70s against the South Indians and now the junior Thakrey who is the self proclaimed successor of the Thakrey legacy is targeting north Indians now.

Anyways the good thing is that even after the extended hate campaign of 70s South Indians still continue to flourish in Maharashtra so the same thing will happen this time. Another good thing is that the government in Bihar and Bengal are rising to the challenge. Traveling across Bihar I witnessed some change. Though it still has a long way to go but these baby steps will definitely add together to become the giant leap. I saw roads being repaired, new roads being built, Bhojpuri film industry flourishing (well this thing really has a long way to go before they get wider group of audience, they are still very vulgar) and education sector being liberalized. Fitting it all together, there will be increased job creation and opportunities for the students of Bihar (among the most talented in India) to study in their home state. A rough estimate shows that the state looses around 8000 crores every year that the Bihari students spends outside. Add this with the fees revenue going out to substandard educational institutes in states like Maharashtra, Karnataka, Delhi and you see what kind of opportunity is there.

Well, the hate campaign is likely to continue till the elections and if the Thakrey looses it then it might escalate also with addition of some more states. The will to fight is lacking in the government and they have to pay the price in one form or another. No wonder big corporates might come into picture sooner or later.

Mar 6, 2008

Love them or Hate them: But You need Them..

A migrant worker (img courtesy BBC)

When management guru C. K. Prahlad wrote the famous book “Fortune at the bottom of the pyramid” he had the millions of poor living across the world in his mind. This came almost at the time when India was waking up to the opportunities available around the world and the benefits of having a large population hungry for success. Soon we saw India becoming the back office of the world. Remittances from middle-east and other countries doubled and tripled in no time. Increasing number of call centers, IT offices, H1B visas and increase in remittances sent to India created demand for consumer goods, services, luxury goods and all these factors combined, propelled our economy into a higher growth orbit.

Before this period what was the identity of India across the world? In 1980s some of our doctors and engineers were considered just good enough to taxi in New York. All across Canada and US you could have found Indians working in grocery stores at gas stations, as lorry drivers and in all other menial jobs that you can imagine. They faced abuse, harassment and all other dirty things but still they kept their feet and head grounded and the only reason was that they have to send money back home. Every-one of them had dependent parents, unmarried sisters, siblings studying in colleges and they knew that if they rebel against the inhuman conditions, that will be like murdering the dreams of the people whom they loved and cared for. So they kept on ticking, and kept pushing themselves in the hope that things will change.

Things changed in the 90s. Our government woke up and liberalized certain policies. The money pumped back into the country created engineers, doctors, and managers who could redefine the word India and Indians. India was believed to be the land of snake charmers. The “hungry India poor India” image was beefed up with all those shots of people living in extreme poverty and the backward image was reinforced with news of riots, caste clashes and mob violence. People had an image in their mind but the question is that “Was the whole India poor or backward or illiterate at that time?” Weren’t there enough rich, civilized and intellectual people out there at the same time? Myself being an Indian know the answer to these questions and I actually laugh at those innocent remarks.

The point I want to drive is that the old image of India in the world is now of Bihar (and some parts of UP) in India. The question remains the same, are all the Biharis dirty, poor or illiterate? Add one more allegation “threat to a civilized culture” to it and it becomes a political agenda. Fifteen years ago India was the base of the world’s economic pyramid where it positioned itself as the cheap labour supplier and now it is the duty of states like UP and Bihar to supply labour to all the major industries. Will it be possible for Surat’s diamond industry to survive without migrant workers? I don’t think that Punjab will produce even half of the wheat that it produces now without the workers from Bihar and eastern UP. The same will happen to rice producing regions of Haryana. Who will work as the temporary workers in the construction sector (which is on boom now) for cheap? Without the cheap supply of labour would the balance sheet of these construction companies would look even half lucrative? Who will sell vegetables and fruits on the streets of Mumbai? Who will work as motor mechanics, tailors, coolies, carpenters, cycle rickshaw pullers, security guards and in many other unthinkable jobs without which our lives won’t look half as comfortable as of now?

Forget the menial jobs, how the numerous private engineering, medical and management institutions would survive in the absence of students from these states. Do a random survey and you’ll find that an average Bihari middle class family spends maximum part of it’s earnings on the education (an investment which will change everything) . In the absence of educational institutions in the state, where is this money going? The answer is: it’s going to cities like Pune, Bangalore, Delhi, Mumbai, Hyderabad, Chennai etc. Can our society do away with Bihar and UP? Well some people can still afford to say yes but not before they make sure that all the minerals and other resources are loaded away.

It’s unfortunate that the past governments in Bihar and UP have not done enough for the people in those states but does that give us the moral right to humiliate those poor people and deprive them of their basic fundamental right to earn a living at a place of their choice? Why do we forget that 25% of our population resides in these 2 states and it’s the generosity of state like Bihar that all our industries are flourishing now (about 60% of all the mineral deposits were in Bihar and Jharkhand) add to it the human resource available and then you will see that these 3 states combined form the rock solid base of our economical eco system. Migrant workers from Bihar and UP have changed the colours of islands like Mauritius and Fiji.

It’s easy to target these poor people to gain political mileage because everybody knows that they can not struggle. Anybody whose main struggle is to manage the next meal, how come they could struggle against organized mob violence? Time never stands still. 15 years ago nobody gave India a chance but it happened. Today nobody gives Bihar and UP a chance but I know it will happen again. With 25% of population in their fold, they are capable of doing amazing things only if the government wake up and take positive steps to create an environment of growth. They just need to recognize their potential and we should not forget that they have the capability to slow the whole economy down or to speed it up. They form the base of our ecological system and if the base shaken you can just imagine what will happen to the edifice. It's just a matter of time.

Mar 5, 2008

Is your brand RED-e?

More and more brands are turning red these days by choice (luckily stock markets can't be held culprit for this).



Chennai is a colourful city and much of it is due to the tall and broad hoardings which runs on the sides of all the roads however wide or narrow they may be. These giant structures (or strictures) does not differentiate between roads and locality and are omnipresent across the city. However recently on a ride across one of the busiest roads (which is also blessed with lots of hoardings) I noticed an interesting pattern among the various brands which have come across the last one year. More and more brands are turning to colour Red. And to substantiate the statement, it all started with the Aditya Birla promoted brand of departmental stores 'MORE'. And when I started noticing, the whole gamut of brands appeared to have something red in them (it's another thing that most of them are also seeing red in stock market).

After the More stores, again what caught my attention is the posters of Arvind Mills promoted discount stores MegaMart which promises a 365 days sale. The posters covered like 2 kms stretch of the road near Guindy and announced the opening of the first big store in Chennai. It was again all Red.



Then I stumbled upon the Reliance Fresh outlets and noticed that how everything is designed on a Red theme. The boards, the refrigeration units, interiors and even the lighting casts a spell of red all around. I think Mukesh Ambani has a fascination with red colour because Vimal suitings which was re-launched last year had got a new look with Red colour all around. The new logo has a vibrant Red colour as the background. Walk down the road and there you'll get Subhiksha mobile stores teasing you with a prominent Red and little Blue on the display boards. It immediately reminds me of one of their competitors "The Mobile Store" which again has a red theme around their logo. Well, if you want to shop around then take some money out first. Walk into the Axis Bank ATM next door which again has a pleasingly Red (though looks more on the maroon side but will still qualify as close to Red) display board welcoming you to use the facility. Want to get a recharge coupon for your mobile? thousands of outlets are lined up one after another offering top up but well, Vodafone is also Red and to add to the agony, the colour Red also has to play a big part in their competitor's logo: Airtel.



I like red colour but what surprises me is that most of the brands that I noticed have come up in the past 12-18 months and they all have chosen Red as the base colour (or atleast one of the prominent colour) to design their brand themes. MegaMart, The Mobile Store, Subhiksha, Axis Bank, Reliance Fresh, Vimal and More are all new brands which have decided to take the Red Route. My engineering logic tells me that as the colour Red has the largest wavelength, it can be seen from a farther distance so most of the brands prefer to have some element of Red in it. It's not only the new brands old big wigs like HSBC, AirTel, Punjab National Bank has some elements of Red in their logo. But my intuition tells me that the choice of red has something more then mere engineering logic. May be the Red displays are cheaper than others or may be some astrologer or colour consultant out there is making lots of money. "Going Red by choice seems to be the new Mantra".

Have time to kill online?

Then read on....

Only last week I realized that I am a member of contests2win.com when they sent me a reminder that I haven't participated in any of their contests since long. I don't even remember becoming a member because there were too many sites of that genre which offers you little brownie points to do things that they want you to do. Yeah it's something similar to our mothers telling us to get grocery from the next store for the promise of a chocolate. So there was bargain for both of us. Mother has the convenience of not getting out of home and we are getting the chocolates. I am not very surprised to see that the same thing has become business model. There is just a little difference and this little difference was hyped to be a revolutionary concept. Though our parents use to reward us for fetching grocery or doing other chores (like getting a hair cut, completing home work, cleaning room etc) they never paid us to play video games or for that matter any other game. After all, ours is a society which is built on the principles of "पढोगे लीखोगे बनोगे नवाब, खेलोगे कूदोगे बनोगे खराब" (Simple translation is "just keep yourself immersed in books, you dare go out of home to play).

Our English administrators were really successful in driving the point home and boy-oh-boy, look how successful they were actually. Though the 1 billion population is not good enough to get even a single Olympic gold medal, every other day a son of soil starting an IT services company (back offices are easy to setup and start). The older generations can feel happy that what they sowed all these years, is bearing fruits now. Well, to come back to the point, for people like us who were emotionally attached to sports and whose teachers and tutors made it sure that they don't waste their time on useless things had no other resort than to turn to virtual world. I may not be right but what else can explain the cricket craziness of 1 billion people? Why is that every average Indian can advise Rahul Dravid as to how to hold the bat or how to hit Bret Lee over the top or for that matter how to rotate strike in one dayers? Most importantly it's the feeling of guilt in most of us that we lost some of our precious time reading books rather than getting dirty in the field.

Well, coming back to the business plan, we have seen some good websites coming up during the last couple of year like Zapak.com, contests2win.com etc etc. Their business model "we pay you to play games online or we pay you to have fun on the web". And a nation where sports grounds are best used for grazing cattle or hosting big fat weddings the only resort of the young, literate and computer savvy people like us is to indulge in computer gaming and as internet was becoming a hype so by the rule of association internet gaming became the buzzword. Was it a new concept before zapak or contests to win came on the scene? My answer is an emphatic 'No'. Yahoo had Yahoo gaming and Indiatimes use to give brownie points for even reading news on Times of India (well otherwise who will read Times of India online?). Well, Indian startups have made it an habit of picking up an idea existing in US or other markets and then repackaging and re branding it for Indian masses (not a bad idea in itself because I have also plans for doing this only). So online gaming came to India with a bang. Anil Ambani bought Zapak.com and there you go (comeon! if Anil Ambani believes in online gaming then you know this must have some potential).

What's in there for us?

Games like Sudoku is simply boring and are better to do offline. Other small games are simply time waste and have no real fun. Contests to win goes a step further and asks you simple questions (which any idiot can answer and if he/she doesn't then it's a warning signal that their IQ is less than 40 and their parents should take them to a doctor) which any one can easily google. The business model is based on the number of participants because the more people will participate, the more money the website will make and the less chances you have to win contests. I don't know what fun is there in answering questions like "Who married Aishwary Bachhan"? or "Who is the director of movie Ram Gopal Varma ki Aag"?. Well, I know the answers are not simple and many people will mistake Amitabh for Abhishek but who cares, I will get those 5 points on offer.

And how many points you need to redeem a 256 MB pen drive? A staggering 10000 points for a 100 Rs। thumb drive? Isn't it a cool reward? Well, ofcourse it's cool but not for a person like me who has to spend around 6 hours online attempting for all those stupid questions or games to get points (that too over an entire month) and have to pay the broadband bill at the end of the month. It's other thing if my father pays for it. So guess who is making money out of our stupidity. But well there are no brownie points for answering that question. So contests to win staff! be assured I understand your tricks. Now will you please stop spamming me?

Mar 3, 2008

Update about HDFC Bank fraud attempt..

The bank didn't even bother to reply me. May be they never thought that it was a serious attempt of fraud. Or the most likely scenario could be they didn't read my mail also. Great going and it feels so good to think that even in a responsible position, you can afford to be lazy.

Hariot Balmers of the world, are you reading this blog??

Read my post on net banking security threat

What goes up, it comes down..


This is the share price graph of a company named Krishna Filaments for the period 3rd Dec to 3rd March. Looks like a perfect normal curve and is an example of the sweet poetic justice of stock market.

In the past few months, some of the companies have got soaring valuations but then our Finance minister is making sure that no any investor earns money (only the speculators can). Well, I was keeping a watch on this company. The stock price was simply going off the roof and though I was trying daily to buy this stock since it was Rs. 7, I never got a chance as it use to get locked in the circuit the moment it opened. Within 6 weeks it went on to hit Rs 60 (multi bagger) and I decided not to buy as it seems overpriced. And then suddenly without any rhyme or reason it started coming down. I doubt that whether anybody was able to sell it because on the ride down, it was hitting lower circuits daily and normally you can't sell that time.

Well, that is about stock but it also confirms an age old fact that "What goes up, it comes down". You just have to wait for the right time and when it comes, it feels like a sweet poetic justice.

Feb 27, 2008

Security threats to your online banking account ....

And how to avoid a disaster --

Five days back, I got a mail with subject line saying -

"Update Your Hdfc NetBanking Account Otherwise it Will Get Blocked"

To any unsuspecting customer, this might sound like a warning message and they are tempted to read the mail which has come from http://www.hdfcbank.net. The mail has normally the following content:

---------------

Important Notice :

In the last few weeks, our Online Banking Security team has observed multiple logons on your Internet Banking Account, from different Blacklisted IP's, therefore been blocked, to prevent further unauthorized access for your safety. we have decided to put an extra verification process to ensure your identity and your Internet Banking Account Security.

Click on for your NetBanking Online Access.

http://www.hdfcbank.com/1/2/securityaccess/precaution/internet-banking/

Security Advisory,
HDFC Online Banking


*Important*
Please update your records on or before 48 hours, a failure to update your records will result in a temporary hold on your funds - it's one more way that HDFC makes your online banking experience better.

© HDFC Bank Ltd. All rights reserved
-------------------------------------

The mail opens with the term important notice and it goes on to explain that as HDFC always thinks for your betterment, they will go to any extent to save your customer information. It also instills a sense of fear that someone is trying to hack your account and thus you need to update your login details. A link is provided and to make things look serious they have also added the copyright symbol.

For most of the customers who have little time to go through these kind of mails and are very loyal to the bank and are not very net savvy, this might sound completely unsuspecting. And they might even go the link and update their login details. Having worked for long on auto-surfing sites and common phishing techniques, I knew what it was. (We tried the same technique to dupe some of our friends for their Yahoo passwords to win a challenge by the same method and that too some 6 years back). So, having sensed the motive of the person this time I ventured out to collect as much information as possible on the source of the mail and attacking site. I even provided HDFC bank the whereabout with
full contact details (yes full contact details) of this person but I am not sure where they will take some action or not. Sometime I do feel that like our people, our institutions also are not very techno-savvy. Banks have adapted IT but more in a way to fulfill the existing norms.

The modus operandi and how to avoid it?

Most of these phishing mail contains a link which opens up the home page of the target website (your bank, email id, online trading account, etc). The next is that they'll ask you to log-on with your existing user details and once you sign in, it will again re-direct to the target website as if nothing has happened. Now, the trick is that the page sent to you is a replica of the home page of Hdfc bank (in this case) and the moment you enter your login details there, it send the detail to the email of the hacker. If you doesn't smell anything then by the time you'll make your next transaction, someone might have transferred all your money to some account overseas specially set up for these things.

The risk involved -

For the record, most of our bank companies allow fund transfers only between selected accounts so it's not possible to transfer funds to some unsolicited accounts. But wait, there are other elements to it like your credit card number. If you think that what if they get the card number? they still don't have the expiry date or CVV. Comeon! you are living in 2008 where the processors have speed of 3 Ghz. It takes hardly an hour to crack a 3 digit CVV code (do the maths, it's only 1000 combinations) and everybody knows that a credit card expires within 3-5 years so that gives only upto 60 combinations (12 months, 5 Years). So one hour and everything is gone. Even if the hacker can't take away everything, just imagine that if he/she tampers with your account and transfer all the money to some 2-3 accounts linked to your account or donate the money to let's say Prime Minister Relief Fund? It still mean a lot of trouble for you.

Role of Mr. Harriot Balmer and Kim Pouncy -

The chase finally lead to two names who shares the same phone number and address and are most likely to be the partners in the crime. The phishing link in the mail leads to a website http://thebestteam.org which is registered in the name of Mr Harriot Balmer and the registration details included a phone number and address. The number lookup revealed the owner's name as Kim Pouncy who is also a resident of Graham.


Address - Harriot Balmer, B. E. S. T, Street1: PO Box 742, Graham, Washington, 98338, US.
Contact Number - 253 - 847 - 0231
Number registered to - Kim Pouncy, 24604, 47th Ave E, Graham, WA - 98338

I updated HDFC bank's information security team with all the details I had but even after 24 hours, nobody has replied. I am wondering that how many people fell prey to this phishing attack by Balmer's and Kim's pair? Though I can't generalize it but quiet a few of the institutions in India won't be able to pass even simple online security tests. If nothing has happened till now then it's a proof of a simple fact that "GOD EXIST". But at the same time, it's also equally true that "God help those who help themselves".

Feb 22, 2008

Dreaming about a house? Forget it for the time being..


Where the property prices are headed? Sub-prime is a big worry in US now and the way Indian Real Estate sector is heating up, I see lot of people postponing their plans of buying a dream house. Who knows may be 5-6 years from now, you get them cheap but on the other hand who knows whether after 5 years you will be able to afford a 700 sq ft 1 bhk flat even in the suburbs?

Rajpura is a small sleepy town in Punjab about 30 kms from Ambala and 50 kms from Chandigarh. It was a quiet little town till 7-8 years back and then the real estate boom happened. My engineering college was around 150 kms from Ambala which was the closest railway station as not all trains stop at Rajpura. So to reach Patiala you have to get down at Ambala and take a bus from there. The highway is really nice and on the sides you can see the greenery that Punjab and Haryana are famous for. Along the wide spreads of greenery you can spot some Gurudwaras with a hint of gold on them (I think there are a couple of those on the way). The deductive logic tells you that the land is fertile and people are rich. Silently they also tell you the story of the thriving NRI community. If the gold on the dome of the gurudwaras are not enough, then the numerous Western Union Money Transfer outlets will complete the logic.

The land is fertile, people are rich and every other family has a NRI settled abroad sending dollars back home. What does all this mean? The answer or rather the question came to me in the form of advertisement of Parsvnath builders. I keep hearing about this company and have seen their hoardings all over the Delhi - Ambala highway a couple of years back. With utmost curiousity a visit to their website tells the other end of the story about the skyrocketing property prices. The city is just like another small town with not very sophisticated infrastructure. Some of the Express trains does not stop at the station and many buses from Ambala take the bypass route to Ludhiana or Chandigarh. The only distinction is that the city is very close to NH 1 which for most of the stretch running around Rajpura is a six lane super highway. But wait, the road which connects the city with this highway is a 2 lane, poorly maintained one.

Can you believe that a 4000 sq feet house can cost you 62 lakhs... Yes, 62 lakhs in Rajpura. The price tag may look a tad costly but the same size flat in Mohali or Chandigarh will require you to shell some 5-6 times more than that (3-4 Crores). Looks like a good bargain right? Let's try to draw some more comparisons. After recent crash in the housing prices in US, with this amount of money (4 Crores) you can buy a house built on half an acre of land with a beautiful kitchen garden and you will still be left with enough money to spend on beautification. The quality of life will ofcourse be better than any other city in our country. In fact in some of our metros, it's worse than a class II or class III town. The roads are congested, the streets are littered and there are all sorts of dangers lurking by. And the price that you are paying for is a house located around 20 kms from the closest suburb of Chandiagrh (which itself was a sleepy town some 10 years ago). Factor the rising petrol prices and you'll see that it's all a lot overpriced. (Of-course you won't if you have that much locked in some account waiting to be spent and you fall for the advertisement which promises you so many things)

Our economy is on a boom and people can afford to pay that much but what will happen if it slows down. I keep hearing that "consumption will drive our economy" but for how long? In simplistic sense to buy these kind of house, people have to borrow money. If the people are on the producer side, they will raise the prices of their produce, if they are on the consumer side they will reduce their consumption of other things. In both cases the consumption will drop. Everything boils down to demand and supply and as long as people keep snapping up these shiny villas even for sky high prices, builders will keep churning out projects like these. Bloggers like us can cry but nothing will happen and the question will remain a question that when will I be able to buy a thing like that with my own money?

These are surely changing times (Not only for Rajpura of-course) .