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<channel>
	<title>PATEL&#039;S POLEMICS</title>
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	<description>All Thats Right ! ! !</description>
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		<title>Happy Diwali</title>
		<link>http://saurabhpatel.net/2011/10/happy-diwali/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=happy-diwali</link>
		<comments>http://saurabhpatel.net/2011/10/happy-diwali/#comments</comments>
		<pubDate>Wed, 26 Oct 2011 09:38:50 +0000</pubDate>
		<dc:creator>Saurabh Patel</dc:creator>
				<category><![CDATA[Poems]]></category>

		<guid isPermaLink="false">http://saurabhpatel.net/?p=113</guid>
		<description><![CDATA[
Here’s to the glorious memories of past Diwalis.

ज़िन्दगी गर तू ठहरे कुछ मिनट,
तो मुद्द के देखूं पीछे क्या छोड़ आया हूँ &#124;
चंद हसीं पल दबाये हूँ मुट्ठी में,
वक़्त की बंदिशों जो तोड़ लाया हूँ &#124;

As I lay on my bed, with a broken leg for company, with nothing else to do than ponder why isn&#8217;t  [...]]]></description>
			<content:encoded><![CDATA[<p><span><br />
Here’s to the glorious memories of <a href="http://saurabhpatel.net/wp-content/uploads/2011/10/Diwali_Rangoli_Saurabh.jpg">past Diwalis</a>.</span></p>
<blockquote>
<h4>ज़िन्दगी गर तू ठहरे कुछ मिनट,<br />
तो मुद्द के देखूं पीछे क्या छोड़ आया हूँ |<br />
चंद हसीं पल दबाये हूँ मुट्ठी में,<br />
वक़्त की बंदिशों जो तोड़ लाया हूँ |</h4>
</blockquote>
<p>As I lay on my bed, with a broken leg for company, with nothing else to do than ponder why isn&#8217;t Diwali as enjoyable now as it was as late as five years ago.</p>
<p>Now if only I had a beer to compliment the soothing voice Mohit Chauhan and complete the mood <img src='http://saurabhpatel.net/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
<h2><em><strong>Happy Diwali</strong></em></h2>
<p>&nbsp;</p>
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		<item>
		<title>The Holy Dips</title>
		<link>http://saurabhpatel.net/2011/10/the-holy-dips/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=the-holy-dips</link>
		<comments>http://saurabhpatel.net/2011/10/the-holy-dips/#comments</comments>
		<pubDate>Tue, 04 Oct 2011 21:28:40 +0000</pubDate>
		<dc:creator>Saurabh Patel</dc:creator>
				<category><![CDATA[Experiences]]></category>
		<category><![CDATA[Ganges]]></category>
		<category><![CDATA[Holy Dip]]></category>
		<category><![CDATA[Varanasi]]></category>

		<guid isPermaLink="false">http://saurabhpatel.net/?p=84</guid>
		<description><![CDATA[Communication gap can be lethal. I first learned this 14 years ago when my Uncle and Aunt took us (My mother and sisters) to the Ganges in Varanasi. 
The river in Varanasi flows in a northward direction such that the Ghats and temples (all of which are located on the western bank) are lit up with  [...]]]></description>
			<content:encoded><![CDATA[<p class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;"><span style="mso-ansi-language: EN-US;" lang="EN-US">Communication gap can be lethal. I first learned this 14 years ago when my Uncle and Aunt took us (My mother and sisters) to the Ganges in Varanasi. </span></p>
<p class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;"><span style="mso-ansi-language: EN-US;" lang="EN-US">The river in Varanasi flows in a northward direction such that the Ghats and temples (all of which are located on the western bank) are lit up with sunlight, the moment the first rays of sun fall on the river, turning the river it into flowing gold. Of the Ghats, it is said, that a keen observer can notice 72 various occupations of people (:o) on the Ghat itself. I have never tried such a count but can easily recall more than a dozen different pursuits that people had themselves indulged in, apart from praying and bathing there. Some of them like the garland sellers with their flowery fragrances, toy sellers with their attractive wares, noisy tourist guides, hotel agents, boatmen, pundits prospecting their clients, Japs taking pictures, Germans playing guitars, a jholawala writing something on his pad and a a chotiwala capturing the all this on his canvas must&#8217;ve been easy to identify, while others like the famous Banarasi thieves and tricksters must have been the last ones to be identified on every person&#8217;s list. Whatever be the add up of them all, the fact of the matter remains that the Ghats are always teeming with crowds, so that day, we chose to take a boatride and head off to the opposite (eastern) bank.</span></p>
<p class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;"><span style="mso-ansi-language: EN-US;" lang="EN-US">Here sanity prevailed; and the bank was sandy, the water cleaner (no soap lather or debris of offerings) and the crowd sparser. I got off the boat in no time and got my clothes off me in still lesser time. While other might have been busy dismounting our belongings from the boat and keeping it at some safe place where a designated family member can stand guard while other take the bath in the Ganges, I just went crazy the moment I got into the river. Jumping in and out of the boats in the shallow waters I was having much fun, when my aunt came up from behind and grabbed me and asked me something I could not comprehend. I nodded in confusion and soon she took me by my shoulders and plunged me into the water. More terrified than surprised, I had no time to recover as the process was repeated six more times. The water got into my nose, ears and eyes. Fortunately, I could gulp out most of the water that got into my mouth, but it still took me some time to get out of the shock and be able to enjoy the embracing waters of the Ganges again. Later when I told my elder sister about the incident, I came to know that it all was nothing more than the ritualistic seven holy dips in the Ganges. I realized that this was a lesson for a kid into fully understanding whatever is being said before responding but even this realization couldn&#8217;t do much to prevent my conscious efforts of &#8216;maintaining a safe distance&#8217; from the Aunt for rest of my stay at her home. <img src='http://saurabhpatel.net/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </span></p>
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		<title>The State of Micro-Finance in India</title>
		<link>http://saurabhpatel.net/2011/09/the-state-of-micro-finance-in-india/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=the-state-of-micro-finance-in-india</link>
		<comments>http://saurabhpatel.net/2011/09/the-state-of-micro-finance-in-india/#comments</comments>
		<pubDate>Sat, 17 Sep 2011 18:08:40 +0000</pubDate>
		<dc:creator>Saurabh Patel</dc:creator>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[Grameen Bank]]></category>
		<category><![CDATA[Microfinance]]></category>
		<category><![CDATA[Microfinance Institutions (Development and Regulation) Bill 2011]]></category>
		<category><![CDATA[Mohammad Yusuf]]></category>
		<category><![CDATA[SKS Microfinance]]></category>
		<category><![CDATA[Vikram Akula]]></category>

		<guid isPermaLink="false">http://saurabhpatel.net/?p=42</guid>
		<description><![CDATA[When Muhammad Yunus was putting together his Grameen Bank brick by brick, penny by penny in the 1970’s, little would he have known that his model that aimed to bring about a social change for those in the lowest strata of financial spectrum will one day rouse a brigade of for-profit “loan sharks”  [...]]]></description>
			<content:encoded><![CDATA[<p>When Muhammad Yunus was putting together his Grameen Bank brick by brick, penny by penny in the 1970’s, little would he have known that his model that aimed to bring about a social change for those in the lowest strata of financial spectrum will one day rouse a brigade of for-profit “loan sharks” to delve into the financial insecurities of the poor and dig for “money at the bottom of the pyramid”.<br />
A case in point would be SKS Microfinance, India’s largest Micro-Finance Institution (MFI), founded in 1998 by Vikram Akula. The company has been much awarded for striving to alleviate poverty, and Akula has been hailed as the modern day Micro-Credit pioneer. But that was before the company made an IPO in July last year. An IPO by an MFI was something that Yunus disliked. “By offering an IPO, you are sending a message to the people buying the IPO there is an exciting chance of making money out of poor people. This is an idea that is repulsive to Me.”, he maintained.<br />
And he was justified in his disillusionment as the moment an MFI goes public, its objective changes from social financial engineer to maximization of its shareholder’s wealth. Allegations of high interest rates and strong arm recovery methods leading to farmer suicides seen in conjunction with Rs 45,000 crores of outstanding loans paint a picture murkier than what it appears from the outside. Combine this with the ever increasing loan defaults and the ongoing crisis with Andhra government that led to collapse of several genuine MFI’s and we have a huge industry in dire need for regulation and restructuring.<br />
And this is what the Finance Ministry seems to have set out to achieve with the Microfinance Institutions (Development and Regulation) Bill 2011.<br />
The bill requires the existing MFI’s to register themselves with RBI, which will be given the power to issue directives regarding the interest rates and caps on profit margins besides issuing a code of conduct to be followed by the sector. RBI will also be empowered to delegate responsibility to NABARD as when it deems such a delegation suitable.<br />
The bill also requires sufficiently large MFI’s to convert themselves into companies including those already registered as NBFC’s (Non Banking Financial Companies) and thus mandating audit of MFI accounts. It provides for creation of Microfinance Development Councils (MDCs) at the Central level and at State levels as advisory bodies along with numerous provisions aimed at bringing a regulated sanity to the proceedings.<br />
As a result of diversification of their activities the MFI’s have started morphing into rural banks thus transcending into a territory which was hitherto a domain of co-operative banks thereby causing not only confusion as to functions of either one but also creating a conflict of interest that threatens to endanger the very fabric of an already fragile economy of the rural and unorganized sectors<br />
But all this may just remain a moot point till the Andhra government’s (which claims state government is authorized to pass such a law rather than the Centre) case remains pending in the Supreme Court. Moreover, more than regulating the operations of MFI’s what the poor borrowers of the country need is proper technical and managerial skills to utilize the capital that they augur through the MFI’s. If the return on their investments continues to remain contingent upon external factors rather than their own efforts (Agriculture and allied activities being the quintessential example here), the loan defaults will continue and so will the coercive tactics from MFI’s who will have to contend with an army of investors breathing down their necks to churn in profits. The farmer suicides will continue unabated, the profits of MFI’s will continue to contract and we may see other states joining the chorus with Andhra Pradesh demanding a say in drafting bills that affect the lives and livelihoods of their poors.<br />
Bill or no bill, MFI’s have been proved to be an indispensable tool of poverty alleviation. The policy makers have to keep in mind that the future generations may judge them on the basis of how much they were willing to bend to accommodate the poorest of poor during a period when the nation was taking giant strides forward towards becoming an economic powerhouse.</p>
<p>&nbsp;</p>
<h6><strong>THIS ARTICLE APPEARED IN &#8220;FINSCOOP&#8221;, THE MAGAZINE OF DEPTT. OF FINANCIAL STUDIES, UNIVERSITY OF DELHI.</strong></h6>
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		<title>The Golden Age</title>
		<link>http://saurabhpatel.net/2011/07/the-golden-age/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=the-golden-age</link>
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		<pubDate>Sun, 17 Jul 2011 12:19:23 +0000</pubDate>
		<dc:creator>Saurabh Patel</dc:creator>
				<category><![CDATA[Finance]]></category>

		<guid isPermaLink="false">http://saurabhpatel.net/?p=45</guid>
		<description><![CDATA[Huge chests of gold are found in Sri Padmanabhaswamy temple’s hidden treasures in Kerala. Terrorists strike through the heart of India’s gold trade in Zaveri Bazaar in Mumbai.  Satya Sai Baba’s cupboards seem unlikely to stop oozing out jewelry and gold articles anytime soon. It’s raining gold in  [...]]]></description>
			<content:encoded><![CDATA[<p>Huge chests of gold are found in Sri Padmanabhaswamy temple’s hidden treasures in Kerala. Terrorists strike through the heart of India’s gold trade in Zaveri Bazaar in Mumbai.  Satya Sai Baba’s cupboards seem unlikely to stop oozing out jewelry and gold articles anytime soon. It’s raining gold in the news these days.  Despite being in news a lot in recent days, the reports of gold prices touching a record high of Rs. 23,470 per 10 gm deserves separate mentions of their own in the newspaper headlines.<br />
So does this mean that during the times of a weakening US, a Europe struggling with debt issues and our own inflation compounded problems, gold is one simple safe and traditional option of preserving our wealth in the volatile market? (Other than, of course stuffing our cushions and mattresses with currency)<br />
If a recent study by Reuter’s commodities analyst Wang Tao, based on Wave Elliot Theory and Fibonacci Ratio Analysis, is to be believed, then gold might touch Rs. 30,000 within two years. Although Wang attributes this spurt in gold chiefly to group psychology among other factors, but these “other” factors too come together strongly to fuel this rally and are equally important in establishing gold as a genuine investment alternative.<br />
As the economic data in US continues being weak, the central banks across the world have started fearing the unthinkable, that US may lose its AAA rating and thus have started selling US Dollars and are replacing it with ever so reliable Gold. Banks in Asia have done so and so have Russia and Mexico. Thereby fuelling the global demand for gold and sending its price on a skyward trip. And that’s not all, even currencies like the Norwegian krone, Singapore dollar, Australian dollar and Swiss franc are likely to outperform the debt saturated U.S. dollar, the British pound and the euro thus further adding to the demand for gold among the Central Banks.<br />
Combined with the impeding Hindu Festive season and Wedding season the domestic demand for gold has only one way to go – up. Riddled with the inflationary pressures, more and more Indians have already started approaching gold as an effective hedging option. Have cash, Will Buy – is their mantra, as gold based funds gain popularity by the minute and the acceptance of gold as a financial asset rather than something you keep in a locker at home gains ground.<br />
Gold provides a number of advantages when it comes to investments over other options. Least of them being the extreme liquidity it provides. When compared to real estate, the other relatively safe bet, gold is hassle free in terms of legal requirements accompanying a deal. And with the gold fund accounts the need of physical storage and threat of theft too is eliminated.<br />
Although these inherent qualities enhance the investibility of gold as a sure-shot safe option, but the experts still warn the investors against being overtly defensive based on the abnormal current economic conditions.<br />
Historically, gold has proved to be safe bet, this is an undeniable fact. But equally undeniable fact is that the fundamental jewelry demand of gold has been shrinking over the years right from 1997. And it has been the financial demand that has seen the tremendous increase during the past decade and catapulted gold to this price point. And if things don’t turn out to be as gloomy for the global economy as everyone has been predicting then the financial demand for gold might just turn out to be a mere passing phase and the myth of gold financial indestructibility might be broken.<br />
Another view is the gold should not be considered as an investment option at all. It doesn’t generate any cash flow while it lies stashed away in lockers. It’s valuable because it is scarce, because it has been used as a store of wealth for millennia and because someone will definitely buy it for a price higher than the original buyer purchased it for. As such it proves itself only as a hedge against market variation, however useful that hedge might be but it remains that only – a hedge, and not a full blown investment tool.<br />
That is why experts suggest gold to be a part of every investment portfolio today but without ever dominating that portfolio.</p>
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		<title>Winters</title>
		<link>http://saurabhpatel.net/2011/02/winters/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=winters</link>
		<comments>http://saurabhpatel.net/2011/02/winters/#comments</comments>
		<pubDate>Wed, 02 Feb 2011 10:08:55 +0000</pubDate>
		<dc:creator>Saurabh Patel</dc:creator>
				<category><![CDATA[Poems]]></category>
		<category><![CDATA[Winters]]></category>

		<guid isPermaLink="false">http://saurabhpatel.net/?p=8</guid>
		<description><![CDATA[Its not that I don&#8217;t like my coffee,
Even buckets of it do not suffice.
With the chilling air pinching the bones,
Just the warmth of the cup feels nice.
Its not that I don&#8217;t like bonfires,
The chat, the stories and that song.
Remain etched in memory forever,
Reminiscence for years coming along.
Its  [...]]]></description>
			<content:encoded><![CDATA[<p>Its not that I don&#8217;t like my coffee,</p>
<p>Even buckets of it do not suffice.</p>
<p>With the chilling air pinching the bones,</p>
<p>Just the warmth of the cup feels nice.</p>
<p>Its not that I don&#8217;t like bonfires,</p>
<p>The chat, the stories and that song.</p>
<p>Remain etched in memory forever,</p>
<p>Reminiscence for years coming along.</p>
<p>Its not that I don&#8217;t like my blanket,</p>
<p>Lazy mornings of slumber long &amp; sound.</p>
<p>Its tender warmth being enough,</p>
<p>To make me carry it around.</p>
<p>But still God did create the Winters,</p>
<p>T&#8217;must have appealed to the Giver.</p>
<p>So lets dump that shawl &amp; come out,</p>
<p>To feel the fog and cherish the shiver.</p>
<p><a href="http://saurabhpatel.net/site/wp-content/uploads/2011/02/winters.jpg"><img class="size-full wp-image-215 alignleft" title="winters" src="http://saurabhpatel.net/site/wp-content/uploads/2011/02/winters.jpg" alt="" width="468" height="311" /></a></p>
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		<title>Will the real authorities please stand up and tell us &#8220;what the hell is going on&#8221;??? For Once&#8230;:)</title>
		<link>http://saurabhpatel.net/2011/01/will-the-real-authorities-please-stand-up-and-tell-us-what-the-hell-is-going-on-for-once/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=will-the-real-authorities-please-stand-up-and-tell-us-what-the-hell-is-going-on-for-once</link>
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		<pubDate>Mon, 10 Jan 2011 13:11:39 +0000</pubDate>
		<dc:creator>Saurabh Patel</dc:creator>
				<category><![CDATA[Blogs]]></category>
		<category><![CDATA[CAT]]></category>
		<category><![CDATA[IIM]]></category>
		<category><![CDATA[Leak]]></category>
		<category><![CDATA[Result]]></category>

		<guid isPermaLink="false">http://saurabhpatel.net/?p=11</guid>
		<description><![CDATA[Do we have a right to know??? Or the people in power would forever go on to keep vital information away from us. Are we supposed to be the billi (the pun would be clearer soon) which has to wait for its bhaag till the chheeka ‘phuto-es’ on its own.
I’m won&#8217;t talk about the Julian Assange saga. And  [...]]]></description>
			<content:encoded><![CDATA[<p>Do we have a right to know??? Or the people in power would forever go on to keep vital information away from us. Are we supposed to be the <em>billi </em>(the pun would be clearer soon) which has to wait for its <em>bhaag</em> till the c<em>hheeka </em>‘<em>phuto-</em>es<em>’</em> on its own.</p>
<p>I’m won&#8217;t talk about the Julian Assange saga. And not about the RTI activists getting killed in Maharashtra. I won&#8217;t even seek the <em>Muhurat</em> of the ever elusive ‘next two months’ within which the government promises to bring down the prices. The issue is a much more ordinary one. The one for which competing with IPL auctions for headline space is impossible. But which is still sufficiently important for 2 lakh+ CAT aspirants to be giving them sleepless nights.</p>
<p>Ever since I saw the <a href="http://timesofindia.indiatimes.com/city/hyderabad/CAT-leak-has-candidates-in-a-tizzy/articleshow/7213565.cms" target="_blank">“Leaked CAT Result”</a>, I have been waiting for any sort of official confirmation or denunciation of it, when neither of them have been forthcoming. I and others like me have been termed ‘unethical’ by Mr. Himanshu Rai, the CAT convener, and that has been it, no further (concrete) word from IIM over the Leak. We could be called curious <em>ungalbaaz</em> :p, much like Pippin the Hobbit, but certainly not someone devoid of morality or ethics just because we accessed a publicly available link that did not even reside on catiim.in&#8217;s servers (It was a Google Cached Copy <img src='http://saurabhpatel.net/wp-includes/images/smilies/icon_biggrin.gif' alt=':D' class='wp-smiley' /> ). But what has been more appalling is the (un)dignified silence maintained by the authorities concerned over the authenticity of the results. Should they not come clean with a proper statement after a goof up / glitch???</p>
<p>But on second thoughts, all this shouldn’t have been one bit appalling for me, or for anyone for that matter. Haven’t we yet gotten used to being kept in the dark, by the CWG OC about the preparations, by CBI on everycase it (mis)handles, by SC Judges on their assests, by the Government on Black Money and by the opposition on its disapproval of blatant ‘Hindu Terror’. How difficult could it be for those at helm to acknowledge a mistake or to apologize to the very people who gave them their power??? Hell. How difficult could it be to just let a curious candidate know if the scorecard he saw was genuine or not <img src='http://saurabhpatel.net/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
<p>They say Curiosity killed the CAT. It sure did for me. <img src='http://saurabhpatel.net/wp-includes/images/smilies/icon_biggrin.gif' alt=':D' class='wp-smiley' /> . Now waiting for 12<sup>th</sup> Jan to see what bursts on that day my <em>bhaag</em> or <em>chhappad</em>.</p>
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		<title>Silence from The Camp</title>
		<link>http://saurabhpatel.net/2010/08/silence-from-the-camp/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=silence-from-the-camp</link>
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		<pubDate>Tue, 24 Aug 2010 18:51:27 +0000</pubDate>
		<dc:creator>Saurabh Patel</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Colonial Cousins]]></category>
		<category><![CDATA[Congress]]></category>
		<category><![CDATA[Manmohan SIngh]]></category>
		<category><![CDATA[Sonia Gandhi]]></category>

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		<description><![CDATA[Last week I received an email from Prakhar telling me that Prime Minister Manmohan Singh has been chosen the best head of state in an international poll by people none other than other international leaders. That came as a pleasant surprise, not because I have ever doubted MMS&#8217; credentials  [...]]]></description>
			<content:encoded><![CDATA[<p>Last week I received an email from <a href="http://www.facebook.com/profile.php?id=1749141807&amp;ref=ts" target="_blank">Prakhar</a> telling me that Prime Minister Manmohan Singh has been chosen the best head of state in an international <a href="http://in.news.yahoo.com/43/20100818/890/twl-manmohan-singh-the-leader-other-lead.html" target="_blank">poll</a> by people none other than other international leaders. That came as a pleasant surprise, not because I have ever doubted MMS&#8217; credentials regarding the parameters that were involved in the poll but because our PM had gradually and rather inconspicuously had slipped out of national headlines and with it my mind too, as headlines are all I have been reading in main section of the newspaper ever since I decided that business news was going to be my diet till the MBA entrance exams are over and done with.</p>
<p>When the head of a state ceases to be the newsmaker, it’s time the country pauses to think as to who is leading them, if at all anyone is. Is there someone to guide us or are we to just wait and let everything just take its own course until the problem resolves itself or the unresolved problem outlives its severely limited space in their memory. Although I have not tuned into Arnab Goswami&#8217;s The Newshour for well over a week now, but whatever abridged political news that The Economic Times had fed me this past month was devoid of any reference to MMS, if one were to overlook the cliched rhetoric of Left and BJP about the PM&#8217;s Independence Day speech being uninspiring and devoid of any real substance.</p>
<p>Manmohan Singh, this month, became the longest serving Prime Minister of the country, from among those rare ones whose name doesn’t end with a Nehru or a Gandhi. His honesty, integrity, modesty, dedication and a dozen different enviable traits have been acknowledged by one and all. So his continued absence from public eye is surprising, more so when combined with the prolonged abstinence of Sonia Gandhi from making any statement or public appearance of note. Rahul Gandhi too has not come up with any of his media friendly gimmicks, for a long time now.</p>
<p style="text-align: center;"><a href="http://saurabhpatel.net/site/wp-content/uploads/2010/08/mmsonia.jpg"><img class="aligncenter size-full wp-image-174" title="mmsonia" src="http://saurabhpatel.net/site/wp-content/uploads/2010/08/mmsonia.jpg" alt="" width="512" height="314" /></a></p>
<p>At a time when country is faces flash floods and droughts in its different parts, prices continue to their unrelenting skyward march, our ever enigmatic neighbor has leapfrogged to become the second largest economy in the world, our reputation is at stake due some games to be held in Delhi, trouble in valley is worsening by the day and we are just milliseconds away from finalizing a dubious and Nuclear Liability Bill, expecting an apprisal of the situation from the people we have entrusted our country to isn’t asking too much. We can certainly use a statement from PMO, just to clear the air about where we as a country are headed from here and what do people at the helms have in store for us.</p>
<p>Since we no longer have a President who could inspire us or had a vision for the country and regarded his post important enough to not dedicate its duration to unveiling a statue or attending a function as the chief guest, the entire responsibility of addressing the nation, of telling us that all is not unwell falls onto the shoulders of the aforementioned core group.</p>
<p>Despite the massive mandate accorded to it and despite some individual bright spots like Pranab Mukherjee or Chidambaram, the government has seldom looked like a united front with a centralized command (read Digvijay Singh and Mani Shankar Aiyar). Left in UPA-1 despite all its differences with congress seems saintly now when compared to Mamta, who had left Home Ministry high, Dry and embarrassed with her olive-branching to the Maoists (described once, as the biggest threat to India, by the PM himself). Having mentioned both Obama and Inspiration earlier in the post I would reiterate the importance of inspiring speeches from Leaders without stressing any further on the Obama and inspiring address&#8217; connection and signing off with the lyrics from the song ‘Krishna’ by Colonial Cousins.</p>
<p><strong>“….Darkness coming round</strong><strong><br />
</strong><strong> And everybody fighting with their brothers</strong><strong><br />
</strong><strong> Everybody wants control</strong><strong><br />
</strong><strong> Don&#8217;t hesitate to kill one another….</strong></p>
<p>&nbsp;</p>
<p><em><strong>…So come down and help us<br />
Save all the little ones<br />
They need a teacher<br />
And you are the only one<br />
We can rely on<br />
To build a better world<br />
A world that&#8217;s for children<br />
A world that&#8217;s for everyone…”</strong></em></p>
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		<title>In Pursuit of Adventure&#8230;</title>
		<link>http://saurabhpatel.net/2010/07/in-pursuit-of-adventure/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=in-pursuit-of-adventure</link>
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		<pubDate>Mon, 05 Jul 2010 11:54:05 +0000</pubDate>
		<dc:creator>Saurabh Patel</dc:creator>
				<category><![CDATA[Blogs]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Sports]]></category>
		<category><![CDATA[Bihar]]></category>
		<category><![CDATA[Yuvaraj Singh]]></category>

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		<description><![CDATA[I remember a story from a primary class English book about a man giving his son wings carved out of wax and feathers with a warning of not flying too high. Some googling and a few clicks later I knew the names of the two Greek gentlemen, Father, Daedalus and the son Icarus. Icarus’ insatiable  [...]]]></description>
			<content:encoded><![CDATA[<p>I remember a story from a primary class English book about a man giving his son wings carved out of wax and feathers with a warning of not flying too high. Some googling and a few clicks later I knew the names of the two Greek gentlemen, Father, Daedalus and the son Icarus. Icarus’ insatiable curiosity proved fatal for him when he flew too near to the Sun which melted the wax. “Icarus kept flapping his wings but soon realized that he had no feathers left and that he was only flapping his bare arms.” Wikipedia. (I almost imagined a Wile E. Coyote from the Road Runner Show there).The rush of adrenaline and the accolades that follow a seemingly dangerous stunt are incentives enough for man to keep challenging the notions of doability and impossibility.<br />
One of television’s most loved maverick Steve Irwin fell to such an urge. Near home,  Yuvraj Singh announced his arrival on the big stage with a defiant knock against the mighty Aussies. After which he failed to deliver for what seemed an eternity to everyone but his skipper and mentor Saurav Ganguly. Though he later settled down and carved a permanent place in the team’s starting eleven, his last knocks worth remembering came almost 3 years ago in inaugural T20 World Cup. While most players realize their roles in the team either on their own or after being assigned one and then strive to fulfill them, Yuvraj’s case could be likened to Steve as he too fell to his fondness for flamboyance. His immense talent may have allowed him to take on Stuart Broad after an altercation with Andrew Flintoff. But such pomposity may not always pay off and it didn’t in his case. When showered with short balls, an unusually unhealthy Yuvraj (who otherwise could have dispatched that short stuff over the semicircle from mid on to backward point with ease, given he had spent enough time on crease taking a blow or two from smirky pacers) found it difficult to deal with them. His lavish use of long handle against the bowlers early in his innings proved to be his undoing.  Its time there is some soberity in the way seniors like him and Sehwag  approach their game. And there is plenty of time for him to think over that as he watches the Asia Cup from his home.<br />
In an entirely different universe, it’s also the time that BJP shows that it has matured as a party.<br />
It might be a point worth pondering over as to how a party decimated to just two out of 530 odd seats in 1984 in the world’s largest democracy, could bounce back riding on the popularity wave with Advani’s Rath Yatra to rule the same country 14 years later. While Advani can hardly be faulted for being the benefactor of the country’s democracy, giving it some meaning by single handedly creating a lasting opposition. His ways can always be put to scrutiny. The Yatra, the temple, the Mandal politics, and the VP Singh defection marked the heydays of adventurist politics for the BJP. Soon they were the single largest party in India claiming to represent the upper caste, the middle class and in general the Hindu aspirations. Theirs was the only non congress government to last its full five year term. They had successful alliances at state level and provided stable pro development, pro business governance. But then came the 2004 General Elections fought by them, on the face of it, on the development plank but somewhere in the middle of their tenure, markedly the Godhra violence, they had missed the chance to transform themselves into a ‘party with a difference’. They failed to market their rapid achievements to the electorate and still depended upon the Hindutva plank to garner votes. And with deserting allies and a resurgent congress under Sonia Gandhi, they were soon reduced to a ‘party with differences’. Even after the debacle the party still seems to unable to shrug off the shock and move ahead. They must realize that the role of the exhilarating journey of the 1990’s was to catapult them into the national prominence. After that it’s their continued hard work that would count. And hard work they did, visible though only in an isolated incoherent manner at the state level. Gujarat, Madhya Pradesh and Bihar may be examples worth emulating but with no indications of them making headway in terms of gaining public support for their policies they tend to resort to the formula quick fix solution of the 90’s and we have a Varun Gandhi spewing venom in Pilibhit. They have to come of the erstwhile mould of savior from the congress. They no longer are that angry young party that people look up to, to rid them of the single party tyranny.  Its time they realize that and start acting their age, in a calm composed and sedate manner.</p>
<p><em><strong>Recently ahead of their National Executive meet in Patna some over zealot Modi Supporters put up hoardings of him waving to the crowd with CM Nitish Kumar, knowing full well how such a campaign would negatively affect the CM’s standing in the minority community. While Modi undeniably is a charmer and a large faction of BJP already sees him as their future PM candidate, such a misadventure jeopardizing an otherwise fruitful alliance ahead of the Bihar Assembly Elections was simply uncalled for. At a time when a victory seems all but guaranteed for the alliance in Bihar, due to the appreciable work done by  their ally Nitish Kumar, the party again seems to be drawn to some reckless extravagance in their show of strength which might just prove to be a bit costly. Just the example that embodies there knack for (mis)adventure.</strong></em></p>
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		<title>1984 &#8211; 2010</title>
		<link>http://saurabhpatel.net/2010/06/1984-2010/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=1984-2010</link>
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		<pubDate>Sat, 12 Jun 2010 12:07:14 +0000</pubDate>
		<dc:creator>Saurabh Patel</dc:creator>
				<category><![CDATA[Blogs]]></category>
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		<category><![CDATA[Arjun Singh]]></category>
		<category><![CDATA[Bhopal Gas Tragedy]]></category>
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		<category><![CDATA[Manmohan SIngh]]></category>

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		<description><![CDATA[1984 is not your ordinary numerical string, people world over may associate it with George Orwell, but for Indians it conjures up the memories of Operation Bluestar and the unfortunate incidents after them. Contentious as the issue might be but being the saffron brigade’s recurring refuge on the  [...]]]></description>
			<content:encoded><![CDATA[<p>1984 is not your ordinary numerical string, people world over may associate it with George Orwell, but for Indians it conjures up the memories of Operation Bluestar and the unfortunate incidents after them. Contentious as the issue might be but being the saffron brigade’s recurring refuge on the Gujarat Riots issue, the matter remains fresh in our memory. But the more tragic (just going by death tolls) incident which needs a court verdict and some public outcry make it to the active consciousness of the generations born after 1984 is the Bhopal Gas tragedy. With the then Arjun Singh(of the OBC quota fame) government facilitating Union Carbide’s chief’s escape from India by providing a state aircraft to him, and successive governments at center never really pushing for an extradition, governmental apathy to the cause could not have been more blatant. While the use and abuse of any issue for political purposes can hardly be justified in any case, but had any party taken up the plight of the sufferers, or had the NGO’s been able to stir up a people’s revolution as they’ve been able to do in some recent cases, the outcome might have been a bit different. But unfortunately dead people can’t vote and even the survivors don’t make up an exploitable vote bank so the issue remained a political non-starter. Media activism which still is in infancy in India was an unknown phenomenon when the fate of the case was sealed in 1996 with Supreme Court intervening to limit the maximum sentence that could have been handed to two years imprisonment. Ultimately the result was that for a catastrophe of unprecedented proportions, only the compensations for which would have, in any country other than India, rendered not only Union Carbide but a dozen more insurance companies bankrupt, the sufferers got only a pittance, but more unfortunately the offenders got away with nothing more than slaps on the wrist.</p>
<p>2010 is the year all of Delhi had been waiting for ever since it was announced in 2002 that Common Wealth Games would be held in the National Capital, and grand plans to transform Delhi into a world-class metropolis were drawn up and postered all over the newspaper as ‘an artist’s impression ’ of myriad infrastructural projects. While we are almost into the second half of 2010, Delhi today is anything but ready to host the mega event scheduled later this year. But just as the Football World Cup, the other hot sporting event of 2010 had started to hog the limelight, Civil Nuclear Liability Bill and its remotely possible overhauling managed to creep into paper spaces. While we as a nation failed miserably to bring justice to our brethren wronged by a foreign company which threw all safety norms to wind for a little larger piece of capitalist profit pie, the least we could have done was to learn from the mistake and make amends and have law in place to deal with Industrial Disasters arising out of negligence and callousness (read Uphaar Tragedy). Far from it the UPA government would have tabled Nuclear Liability Bill in the parliament had there not been protests from corners right and left of it. PM Manmohan Singh had risked his govt. while pushing for the Nuclear Deal with US, termed by many as a project not only close to his heart but also as a tool of redemption to silence his critics for once and all who call him a weak Prime Minister. While the leftist dissent arised mainly out of their traditional aversion to all things American. NDA had demanded parity with a similar American law as to the compensation payable by the defaulting company to the victims which in Case of America’s Nuclear Indemnity Act $10.5 Billion but only $458 Million in the proposed Nuclear Liability Bill of India. That makes an Indian’s life 23 times cheaper than that of an American. And when the companies operating here are going to be the same ones that operate in America, such a disparity is a grave injustice to the taxpayers of India if the exchequer is forced to compensate for the misdeeds of companies. Things look grim even when we haven’t weighed in the fact that a nuclear disaster is going to be multiple times worse than anything fathomable from the Bhopal tragedy.  While India badly needs to become self reliant in energy if it wants to be taken seriously as a superpower, use of imported enriched uranium technology instead of the locally abundant thorium will only make it dependent on NSG (Nuclear Suppliers Group) from its current dependence on OPEC. Thus, continued support to thorium based nuclear tech while plugging energy gap holes with the nuclear co-operation with US is what should be the long term goal of the government, while keeping up the pursuit of sustainable non nuclear energy in the meantime. But none of that should compromise with the lives and livelihoods of people of India, or 2010 could lead us on the path of another 1984.<a href="http://saurabhpatel.net/site/wp-content/uploads/2010/06/bhopal2.jpg"><img class="aligncenter size-full wp-image-54" title="bhopal2" src="http://saurabhpatel.net/site/wp-content/uploads/2010/06/bhopal2.jpg" alt="" width="351" height="311" /></a></p>
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		<title>Modi&#8217;s Mascots</title>
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		<pubDate>Thu, 10 Jun 2010 12:23:18 +0000</pubDate>
		<dc:creator>Saurabh Patel</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Amitabh Bachchan]]></category>
		<category><![CDATA[Narendra Modi]]></category>
		<category><![CDATA[Ratan Tata]]></category>

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		<description><![CDATA[Narendra Modi has beyond doubt established himself as one of the most astute and crafty politician around. He has managed to hold on to the Guj CM’s post even with more than a tenth of his electorate staunchly against him. US denies him visit. Self proclaimed activists are gunning for his head. A  [...]]]></description>
			<content:encoded><![CDATA[<p>Narendra Modi has beyond doubt established himself as one of the most astute and crafty politician around. He has managed to hold on to the Guj CM’s post even with more than a tenth of his electorate staunchly against him. US denies him visit. Self proclaimed activists are gunning for his head. A bitter propaganda of a desperate opposition has found favour with the media. And most people outside his state prefer to overlook his achievements and look at him through the lenses of Godhra.</p>
<p>Still, every now and then, he manages to come up with two parted fingers flashing the sign of victory and a bearded smile nothing less than a slap on the face for his detractors. The reason for this, as I discern, is the simple philosophy he seems to have espoused perfectly – “Try pleasing all and you’ll please none”. He might not be the darling of the mainstream media, but he knows that there’s nothing that a Rajdeep Sardesai or Barkha Dutt, sitting in their airconditioned offices do to harm him on his turf. He sees no point in trying to woo the multiple power centres in grim looking Party. Or in even going about shouting from rooftops about his accomplishments as the Chief Minister with full page glossy ads in News Papers.</p>
<p>But one thing he knows is how to marshal his meager PR resources in a nation of liberals that loathe him. And he does that with perfection. A point in case would be the recent rollout of the first Nano from its Sanand plant in Gujarat, which ironically coincided with Mamata’s sweep of Bengal Municipal Election, one women who played bigger role in bringing Nano to Gujarat then Modi could ever had. Nano is just a car, and car manufacturers set up their facilities all the time. But for a nation running on two wheels, it was probably something bigger. Modi saw the opportunity of publicity that a possible shifting of its base could bring. And he knew he had to seize it. He may say that it only cost him a one rupee sms to invite Ratan Tata, but it is a no brainer that his team would have worked overtime to ensure all administrative clearance and allotment of land, man and machinery in record time.</p>
<p>The liberals cried foul, like they always do. Manufacturing a car that has aspirations of millions attached with it from a state with dubious human rights record would stain it with blood of innocents that fell to state inaction some 8 years ago. Media found a story and flashed it on our screens and papers. They appealed Ratan Tata to rethink, who despite all the philanthropy is only a businessman (and unarguably one of the best we’ve seen). He brushed them all aside and went on with his plan, establishing Gujarat once again as the best investment option in india. And Modi laughed his way to the headlines. And a few days back when the car finally rolled out, the man behind the wheels with Tata was Modi, and the shutterbugs caught a smiling Modi, yet again. All this while Ratan Tata, one man we trust, the most to showcase Brand India to the world, inadvertently played a mascot to Modi.</p>
<p>The other man whose name has recently been taken time and again with Modi might have let it happen a bit more purposedly than Tata.</p>
<p>Bachchans are to the Bollywood what Nehrus are to India’s Politics, inseparable and incomplete without each other. Bachchans and Nehru’s shared shared close family ties since the times of Harivansh Rai and his friend Jawahar Lal. The relations though soured the Bofors Scandal, both sides alleging betrayal by the other. After that Amitabh aligned himself with Amar Singh who had apparently helped him out during ABCL crisis. But after Amar Singh’s fallout with Samajwadis and Jaya Bachchan refusal of SP’s RS seat it was clear to all that Bachchan’s political affinity no longer lies with Samajwadis.</p>
<p>Amitabh then decided that he wanted to become the Brand Ambassador of Gujarat. And thus started his eulogization of Modi and his workt. A good press never hurt anyone and Modi welcomed Amitabh with open arms, ignoring the fact that Amitabh had earlier been a Brand Ambassador for “Uttam Pradesh” at the behest of Modi’s Political and Ideological adversaries. Amitabh too on his part doesn’t seem to be at any sort of discomfort first promoting a party with leftist leanings which touts itself to be a messiah of Muslims to now promoting a right winger that epitomizes capitalism. In all this Modi has nothing to lose neither does Amitabh unless government decides to unleash CBI (Congress Beauro of Investigation <img src='http://saurabhpatel.net/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' />  on Amitabh’s land holdings.</p>
<p>Till then it’s a thumbs up to Modi and his ways&#8230;</p>
<p style="text-align: center;"><a href="http://saurabhpatel.net/site/wp-content/uploads/2010/06/Ratan_Tata_Narendra_Modi_Amitabh_Bachchan.gif"><img class="size-medium wp-image-22 aligncenter" title="Ratan_Tata_Narendra_Modi_Amitabh_Bachchan" src="http://saurabhpatel.net/site/wp-content/uploads/2010/06/Ratan_Tata_Narendra_Modi_Amitabh_Bachchan-300x111.gif" alt="Modi and his Mascots" width="300" height="111" /></a></p>
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