Air India or Ground(ed) India ?

Economic Times [ 14 Sept 2011 ] provides some interesting in-sights into the affairs of Air India, as follows :

Ø   Aircrafts ordered in 2005 ………………………………….          68

Ø  Aircrafts delivered so far …………………………………..           41

Ø  Aircrafts yet to be delivered  ……………………………            27

Ø  Delivery delayed by  ………………………………………….       3 years

Ø  Compensation offered by Boing for late delivery….    $ 500 million

Ø  Current Debt of Air India…………………………………………   Rs.43000 Cr

Ø  Additional Debt for 27 aircrafts ………………………………   Rs.17000 Cr

Quotes :

Ø   Dinesh Keskar ( VP – Boing International )

“ This aircraft will be a game changer for Air India ………….. “

Ø  Vayalar Ravi  ( Civil Aviation Minister  )

“ Air India does not have the money to pay for the 27 Boing planes. Air India is not to increase its debt burden right now “

Come now, Mr Ravi !

Since when has non-availability of funds come in the way of Air India ?

Just “ sell “ the profitable routes on “ first – come – first – served “ basis “ ala 2G !

With regards

hemen  parekh

“ Going – Out – of - Business “ sale ?

Or is it  SAD - Strategic Arms Disposal ?

Britain’s defense department faces a deficit in its budget of 36 billion pounds.

So it is offering following Strategic Assets for sale :

Ø  Aircraft Carrier HMS Ark Royal

Original Price ……….. 200  Million pounds

Sale Price………………..3.5   Million pounds

Ø  Type 20 Ship

Original Price………..  400  Million pounds

Sale Price ……………..  0.3  Million pounds ( already sold ! )

Ø  Helicopters ( 13 no )

Original Price…………. 5.0    Million pounds

Sale Price ……………….0.1    Million pounds

Ø  Jaguar Car

Original Price…………..200,000   Pounds

Sale Price………………..   12,000  Pounds

Ø  Land Rover

Original Price ……….   65,000  Pounds

Sale Price……………………2,000  Pounds

( Source : Mumbai Samachar / Aug 16,2011 )

Non-profit Organizations ( Syrian / Libyan rebels ? ) may be offered further discounts !

With regards

Hemen  Parekh

De-criminalization of Politics Bill

Law Minister, Salman Khurshid told Economic Times [ 03,Sept 2011 ] :

“ We will shortly take a bill banning charge-sheeted individuals from standing for elections “

Harish Salve says,

“ This is a serious reform. This is better than the Lokpal Bill “

This Act would be a huge success if applied retrospectively

But, you guessed it right !

For the first time, Congress and BJP would come together ( in a un-holy alliance ? ), to defeat the “ retrospective “ application

Out of a total of 162 current members of parliament who have criminal cases pending against them, 44  belong to Congress !

And another 44 belong to BJP !

Of course, they can always add a rider that the “ retrospective “ provision does not apply to Congress / BJP members !

With regards

Hemen  Parekh

Women in Workplace

Writing in MINT [ 07 Sept, 2011 ], Malvika Chandan highlights following findings of a report released by Community Business , co-authored by Shalini Mahtani ( Founder ):
• Percentage of women represented in the total workforce
 China …………………… 49.79 %
 Malayasia…………………..47.35 %
 HongKong ………………. 45.34 %
 Singapore ………………. 43.29 %
 Japan ………………………. 33.62 %
 India ………………………… 24.43 %
Obviously, India has a lot of catching up to do.
But then , if “ Women’s Representation Bill “ can be languishing in Parliament for 20 years, there isn’t much hope !
With regards
hemen parekh

WOMEN IN WORKPLACE

13 Oct 2011

WOMEN  IN  WORKPLACE

Writing in MINT [ 07 Sept, 2011 ], Malvika Chandan highlights following findings of a report released by Community Business , co-authored by Shalini Mahtani ( Founder ):

• Percentage of women represented in the total workforce

·       China  ……………………  49.79 %

·       Malayasia…………………..47.35 %

·       HongKong  ………………. 45.34 %

·       Singapore  ……………….  43.29 %

·       Japan  ………………………. 33.62 %

·       India  ………………………… 24.43 %

Obviously, India has a lot of catching up to do.

But then , if  “ Women’s Representation Bill “  can be languishing in Parliament for 20 years, there isn’t much hope !

This is nothing less than  “ Crime Against Women “ perpetrated by the male members of our parliament – a crime they will continue for ever unless/until women of India unite and refuse to vote in the next election.

With regards

HEMEN  PAREKH