A Perpetual Scam ?

Sure ! Except that it is known as “ Public Sector Units – PSUs “.

Here is why [ as reported in DNA / Sept 06,2011 ] :

Ø  About a third of India’s 249 state–owned firms are losing money ; $ 3.4 billion ( Rs. 15,300 Cr ) in the most recent financial year

Ø  There is nothing the Govt can do because of the current labor laws

Ø  Govt labor department has granted permission to 21 PSUs to close factories – but none has been closed !

Ø  PSUs have assets worth $ 199 billion ( Rs. 8,95,500 Cr ), which, last year gave an average return on capital of about 4.3 % !

Ø  Govt missed the goal of raising $ 8.7 billion ( Rs.39,150 Cr ), this year thru sale of stakes in PSUs

What were once the “ Commanding Heights “ , have now become the “ Demanding Absurdities “ of Indian economy ! Any wonder petrol prices in India are more than double those in neighboring countries ?

With regards

Hemen  Parekh

Slumdog Millionaires ?

No. Simply slumdogs !

A study conducted by National Sample Survey Organization ( NSSO ) – as reported in Times of India / May,06,2011 – estimates that India’s slum-dwelling population went up from 75.2 million in 2001, to 93 million in 2011.

That is more than the entire population of ANY European country – led by Germany with a population of 82 million.

City of Mumbai alone boasts of 7 million slum-dwellers.

City Fathers of Mumbai should first provide at least 200 Sq.Ft of brick / mortar residences to its slum-dwellers before dreaming of turning Mumbai into a Shanghai.

Slumdogs are not amused with travel agents promoting slum-tourism !

With regards

Hemen  Parekh

Nuclear Power Accident ?

Of course, all types of accidents kill – and nuclear power plant accidents are no exception.

25 years ago, Chernobyl ( Russia ) accident killed a few hundred people.

Recently, reactor meltdown at Fukushima ( Japan ) has killed 3 workers.

Thankfully, there have been no nuclear power plant accidents in India so far, although we have been producing nuclear power for over 25 years.

This must be seen in the perspective of the number of people being killed by motor-vehicles during road accidents in India, as follows:

Ø  In 2009 ………………. 125,000

Ø  In 2010  ……………….160,000

Does that mean we should stop making some 10+ million motor-vehicles per year and switch over to traveling by trains ?

But then , even local trains are killing 10+ persons per day on the tracks of Mumbai alone !

With regards

Hemen  Parekh

Not an April Fool Story !

DNA of April 01,2011 reported following :

Business woman Riya runs a flourishing hotel business with an annual turnover of Rs. 2.4 millions.

She filed a suit for getting a divorce from her jobless husband, Amitabh.

While granting divorce, Delhi High Court ordered Riya to pay Amitabh, a monthly alimony of Rs. 20,000 , saying,

“ Law is equal for both. When husband is unemployed and becomes a destitute after separation , wife who is working and capable of maintaining him, should maintain him.”

Court also ordered Riya to give to Amitabh, a Maruti Zen car under section 24 of Hindu Marriage Act.

Who says there is no gender equality in India !

With regards

hemen  parekh

Miserable Mothers of India

On Mothers Day [ 08 May,2011 ], Times of India quoted following findings of “ State of the World’s Mothers – 2011 “ report , with reference to Indian women :

Ø  1 in every 140 women runs the risk of death during childbirth

( every year, 68,000 women die from complications related to pregnancy and childbirth )

Ø  A typical Indian woman lives for only 66 years compared to 75 years in China

Ø  Only 49 % women use some form of contraceptives

Ø  Women occupy only 11 % of the seats in government

Ø  Only 53 % of women are helped by trained health workers during childbirth ( could this be the reason why 2 million newborns die annually ? )

And where does India rank as a “ Place to be a Mother “ ?

75^th in 79 “ less developed countries “ surveyed !

With regards

hemen  parekh

LOSING PENSION ? NO ONE IS LOSING SLEEP !

27 Sep 2011

LOSING  PENSION  ?  NO ONE IS LOSING SLEEP !

Times of India [09 Sept 2011 ] reports as follows :

Government will soon implement a decision under which, bureaucrats face,

·     a 10 % loss of pension for 5 years for minor cases of corruption

·     a 20 % cut for life-long, for major infringements that lead to compulsory retirement from service

Now which corrupt babu ( bureaucrat ) is ever bothered about getting or not getting a pension ?

Do corrupt babus ever depend upon their ” pensions “ to live a decent retired life ?

If anything, babus must be rejoicing and celebrating this news !

If they can keep their ill-gotten wealth, this punishment is peanuts !

Does Govt think it can fool 1210 million people thru such half-hearted measures ?

No wonder Govt has not learned any lesson from 2G or may be the new rules do not apply to Cabinet Ministers !

With  regards

HEMEN  PAREKH