The B-School enthusiasts Knowledge bank

The reservation controversy my take.

2006-05-18T21:52:00.000-07:00

Its been over a month since the old Congress warhorse Arjun Singh, well aware that he's grown too old and loosing significance along with the grand old party headed for same fate, proposed to implement the reservations for the OBC's in the central universities. Since, that day onwards controversy has been raging like fire which has engulfed at least the medical fraternity completely. There has been sharp criticism of the move from the top honchos of the industry with the usual suspects like Murthy and Premji airing their grouse.

After all this mayhem that is going around, with the SC/ST's saying that since their percetange to the population has increased their reservation % should also be increased, A thought strikes my mind.

If the SC/ST's and then the OBC's, NT's are to be given reservation's in accordance with their percentage of the population in country, some political parties trying to bring in reservation for the Muslims, the other for economically back ward, blah, blah, blah.... We can devise a simple formula that can bring an end all this trouble by making 100% seats reserved. The question is how??.

Well its simple each community can be allotted reservations according to their population, the percentage can be adjusted after every census. According to the census report that I currently got from http://educationforallinindia.com/censusreligiondata.xls, The Hindus can be allocated 80.5 % approx of the seats with further division based on caste, the Muslims 13.5% approx, The Sikhs 1.9 approx and most interestingly there's a percentage of people who chose not to reveal their religion they number 727588 or 0.071% of the population, they can be accordingly allocated the seats.

And the reserved seats should not be limited only to educational institutes, the reservations should be extended to the parliament, the police force, army and why spare the private sector. This way we can claim proudly to the world that we are a country of equals, where no injustice is done to any. Its a different matter that if this continues for long we might not have a country left called India, but still all can have seats reserved according to their caste, creed and religion and be contented that they have somewhere to go even if they are the most useless piece of sh*t in the world.

More details coming way. - May 18th The Big Crash.

2006-05-18T06:18:00.000-07:00

Now since I have made up my mind to do MBA next year, I need to accelerate the pace at which I create content on my MBA blogs. Why??, well simple reason if I create some stuff, I expect to remember them well and secondly, as an online reference source for both myself and people who might feel the need of it later.

The updations are gonna be on anything and everything that increases the GK and awareness levels of the creator and the reader.

Todays important event - The BSE- Sensex went down by a record 800+ points on a single day or to be precise by 826 points or 6.76%.

MAYhem on Dalal Street as Sensex sees record fall on www.moneycontrol.com states the probable reason for the fall to be the fall in the metal indices which have been yo-yoing in the last few days and the US report on imports which are resulting in infaltion fears which can result in another rate hike. All this has resulted in melting of stock markets globally, especailly exporting countries.

Markets: Opportunity in disguise! while the article and many other on www.outlookmoney.com
tell their readers how they can benefit from this fall in the market to enter it once again. This is especially good fro small investors who had exited the market at 9,10,11K level cosidering them too risky and were looking for an entry path. But with the markets falling so badly I wonder which small time investor would show enough confidence to enter the markets

Manufactured May-hem www.Indiainfoline.com take a different view of the fall in the markets, they suggest that the new taxation proposal under which the FII may be termed as traders instead of brokers caused the mayhem as the FII's pulled their money out of the market. they have to say the following

"The Government has proposed new guidelines that will try to distinguish stock traders from investors. FIIs currently pay 10% tax on short-term capital gains. If they are termed traders, they will have pay 41% tax. "

General

2005-11-14T04:07:00.000-08:00

Koch pays $13bn for Georgia-Pacific

Satyam divests stake in Sify for $ 62.62 million

2005-11-10T21:58:00.000-08:00

source http://www.indiantelevision.com/headlines/y2k5/nov/nov96.htm

Satyam Computer Services Ltd has divested its existing holding of 11,182,600 equity shares of Rs 10 each in Sify Ltd., represented by ADS, to Infinity Capital Ventures LP, a firm controlled by Silicon Valley entrepreneur Raju Vegesna

The M & A's Diary

2005-11-10T21:55:00.000-08:00

After searching for news all around for M & A's I often lost them when required, so thought of making my own diary of the M & A's tht I come accross.