I am living in a fantasy WORLD;
resisting to go under reality checks,
staring at your snow white cheeks.
on your warm Cinderella smile,
my soul melts and flows like the Nile.
Your pencil lined twinkling eyes,
strikes me harder than marijuana highs.
Waving streaks of your Della hair,
Throws me into the dancing flare.
You play with my heart, the game of quidditch.
Will you endorse me with your Midas touch
and turn me into glittering GOLD?
Monday 17 October 2016
Love - The fantasy
என்னவளே!
மணம் பொதிந்த மலர்கள் சூடியே
மங்கையின் கூந்தலும் மணக்குதென்பர்;
மனம் கெட்டோரடி பெண்ணே!
மணம் போன மலர்கள் மீண்டும்
மணம் பெறவே உன்னை நாடுவ தறிகிலார்
மங்கை முகம் பார்த்து மயங்கியே
மதியொத்த முகமுடையாள் என மெச்சுவர்;
மதி கெட்டோரடி பெண்ணே!
பளிங்கென மிளிரும் உன் முகங்கண்டு
கறை கொண்ட மதியே நாணுவ தறிகிலார்.
Tuesday 20 September 2016
DEMOGRAPHY: DIVIDEND OR DISASTER
INTRODUCTION:
Once upon a time in India, population explosion was treated as a very serious issue. Governments made serious efforts to curtail the population growth. In fact, it is said that the family planning scheme was something that was pushed as forcibly as that of other things like media censorship, during the emergency days. It was said that, over population will lead to unemployment and poverty, forming a vicious cycle.
Once upon a time in India, population explosion was treated as a very serious issue. Governments made serious efforts to curtail the population growth. In fact, it is said that the family planning scheme was something that was pushed as forcibly as that of other things like media censorship, during the emergency days. It was said that, over population will lead to unemployment and poverty, forming a vicious cycle.
THE PROPOSED DIVIDEND:
These things seem to have changed after the opening up of the Indian economy in 1991. The perceptions started to change as the foreign investments picked up. IT, ITES and BPO revolution has played a major role in bringing in confidence in this 1.3 billion people nation. Above all these things, there is one significant factor that made the globe watch out for the Emperor on Exile, which is the DEMOGRAPHY of India.
In the miasma of global economic slowdown, India continues to be a bright spot, and the credit for that should also go to the Demography. While many countries are aging, approximately half of the population of India belongs to the age group BELOW 26 years and it is forecast to be the youngest country in the world with a median age of 29, by 2020. Reports say that, 20% of the world’s working-age population will live in India by 2025. A huge group of population of a country shifting into the working age category ultimately means an increase in productivity of the country and shoot up of disposable income. This increases the purchasing power of the people and consumptions, on the whole, in an economy. Thus an increased production coupled with increased consumption will take the economy to the next level in the global radar. The main problem faced by aging developed economies is that the government is burdened to take care of its aged population by the social security schemes. That’s the reason why India’s consumer spending has touched $1trillion.
These things seem to have changed after the opening up of the Indian economy in 1991. The perceptions started to change as the foreign investments picked up. IT, ITES and BPO revolution has played a major role in bringing in confidence in this 1.3 billion people nation. Above all these things, there is one significant factor that made the globe watch out for the Emperor on Exile, which is the DEMOGRAPHY of India.
In the miasma of global economic slowdown, India continues to be a bright spot, and the credit for that should also go to the Demography. While many countries are aging, approximately half of the population of India belongs to the age group BELOW 26 years and it is forecast to be the youngest country in the world with a median age of 29, by 2020. Reports say that, 20% of the world’s working-age population will live in India by 2025. A huge group of population of a country shifting into the working age category ultimately means an increase in productivity of the country and shoot up of disposable income. This increases the purchasing power of the people and consumptions, on the whole, in an economy. Thus an increased production coupled with increased consumption will take the economy to the next level in the global radar. The main problem faced by aging developed economies is that the government is burdened to take care of its aged population by the social security schemes. That’s the reason why India’s consumer spending has touched $1trillion.
THE PROBABLE DISASTER:
Any coin has two sides. Similarly, this demographic factor also has a flip side. Reports say that, almost one million new people enter the job market every month. This huge chunk of people should be rightly employed. If they are unemployed or under employed, the result will be disastrous. If the government is not able meet the supply of labour by creating enough jobs, the result will be high levels of unemployment, which will give ample space for the feared vicious cycle of poverty. Unemployment will bring down the consumption, at least in the bottom of the pyramid. Due to a global slowdown, India is heavily dependent on its domestic consumption. So, even a small impact in its consumptions will worsen the economy further.
In reality, survey by the labour bureau showed that India has never created so few jobs since the survey started in 2009, as in 2015. Only 1.35 lakh jobs has been created compared to more than 9 lakhs in 2011, in eight labour intensive industries surveyed. Addressing this issue, The President said that Indian economy should generate 115 million non-farm jobs over the next decade.
Meanwhile, India has posted a current account deficit of $300 million for almost 2 consecutive quarters now, lowest levels in 37 quarters (which was actually expected to be a surplus ). Though this is a good news, there is a warning signal attached to it. For a developing economy like India, this slow import growth reflects weak investment demand as Indian firms import most of their capital goods.
Any coin has two sides. Similarly, this demographic factor also has a flip side. Reports say that, almost one million new people enter the job market every month. This huge chunk of people should be rightly employed. If they are unemployed or under employed, the result will be disastrous. If the government is not able meet the supply of labour by creating enough jobs, the result will be high levels of unemployment, which will give ample space for the feared vicious cycle of poverty. Unemployment will bring down the consumption, at least in the bottom of the pyramid. Due to a global slowdown, India is heavily dependent on its domestic consumption. So, even a small impact in its consumptions will worsen the economy further.
In reality, survey by the labour bureau showed that India has never created so few jobs since the survey started in 2009, as in 2015. Only 1.35 lakh jobs has been created compared to more than 9 lakhs in 2011, in eight labour intensive industries surveyed. Addressing this issue, The President said that Indian economy should generate 115 million non-farm jobs over the next decade.
Meanwhile, India has posted a current account deficit of $300 million for almost 2 consecutive quarters now, lowest levels in 37 quarters (which was actually expected to be a surplus ). Though this is a good news, there is a warning signal attached to it. For a developing economy like India, this slow import growth reflects weak investment demand as Indian firms import most of their capital goods.
REAPING THE DIVIDEND:
Rate cuts, nowadays, has become the most controversial topic with political shades to it. But, in a situation like this and as the fuel prices and inflation are down, it is better to go for rate cuts and promote capital expenditures. Rate cuts will obviously lead to inflation but the effect could be mitigated by flushing more supplies into the economy and acting strictly on hoarders. Inflation control is very much important for any economy but considering the risk involved, job creation should be given more priority in case of our economy. Rate cuts with a target of 6% inflation is something that should be worked on.
The uniqueness of our economy is that, organized sector is still a weak employer as it is projected that the proportion of jobs in the unorganized sector is set to rise to 93% in 2017. So, any plans to develop Indian economy should rightly understand and address the unorganized sectors, effectively. SMEs employ about 40% of the work force of the country. Unlike in many western countries, in India, to address the employment issue, the governments should address the financing of the Small, Medium and Micro industries with more priority than the organised sectors. On the other hand, a study reveals that approximately 95% of the SME units are yet to be brought under the banking fold. That means they are financed by private lenders, where interest rates are as high as 2-3% per month. So more effort is needed to pass on the fruits of rate cuts and cheap capital to the SMEs. When that is achieved, job creation will take a boost in the bottom levels and it will also promote entrepreneurship among the people.
Rate cuts, nowadays, has become the most controversial topic with political shades to it. But, in a situation like this and as the fuel prices and inflation are down, it is better to go for rate cuts and promote capital expenditures. Rate cuts will obviously lead to inflation but the effect could be mitigated by flushing more supplies into the economy and acting strictly on hoarders. Inflation control is very much important for any economy but considering the risk involved, job creation should be given more priority in case of our economy. Rate cuts with a target of 6% inflation is something that should be worked on.
The uniqueness of our economy is that, organized sector is still a weak employer as it is projected that the proportion of jobs in the unorganized sector is set to rise to 93% in 2017. So, any plans to develop Indian economy should rightly understand and address the unorganized sectors, effectively. SMEs employ about 40% of the work force of the country. Unlike in many western countries, in India, to address the employment issue, the governments should address the financing of the Small, Medium and Micro industries with more priority than the organised sectors. On the other hand, a study reveals that approximately 95% of the SME units are yet to be brought under the banking fold. That means they are financed by private lenders, where interest rates are as high as 2-3% per month. So more effort is needed to pass on the fruits of rate cuts and cheap capital to the SMEs. When that is achieved, job creation will take a boost in the bottom levels and it will also promote entrepreneurship among the people.
CONCLUSION:
The writing on the wall is pretty clear. India has an advantage in the form of its demography, the fruits of which can be enjoyed if the job creation picks up. My view is that, making the capital available at cheaper costs to the MSMEs will address this issue as it will act as a catalyst in the process of creating more jobs and entrepreneurs as well. Let us expect the emperor in exile will make a comeback and attain the throne very soon.
The writing on the wall is pretty clear. India has an advantage in the form of its demography, the fruits of which can be enjoyed if the job creation picks up. My view is that, making the capital available at cheaper costs to the MSMEs will address this issue as it will act as a catalyst in the process of creating more jobs and entrepreneurs as well. Let us expect the emperor in exile will make a comeback and attain the throne very soon.
Wednesday 1 June 2016
இரத்தம் சிந்தும் ஓவியம்
வெள்ளிப் பனிமலைகள் சூழ்ந்த,
தெளிந்த வானொத்த
நீல நீர்நிலைகள் தோய்ந்த,
கொஞ்சும் கிளியொத்த
பச்சை புல்வெளிகள் பரந்த,
பூவுலகின் சொர்கம்
என் கஷ்மீரில் - இன்று
வான் பொழிந்த தூரலாய்
தெறித்திட்ட தோட்டாகள்
மானுடரின் ஊன் துளைத்து,
சுட்டெரிக்கும் சூரியனொத்த
செங்குருதி படர்ந்ததுவே- எங்கும்
செம்மை நிறம் சூழ்ந்ததுவே;
இயற்கை அழகோவியம் ஒன்று
சோக பெருங்காவியம் ஆனதின்று;
பூங்கா வனமொன்றை
பாலை வனமாக்கும்
வன்முறை வெறியாட்டம்
இரத்த சரித்திரம் ஒன்று
படைத்திடவோ?
மதமும் மனிதம் கொன்று
தனிந்திடுமோ?!
Tuesday 5 April 2016
Left - The lane for slow movers
When you Google the term communism, it throws "Economic and social system in which all (or nearly all) property and resources are collectively owned by a classless society and not by individual citizens". Now, what is socialism? Let's go to Google again, and it says "a social system or theory in which the government owns and controls the means of production and distribution of goods".
What does these definitions mean?
Simple!
It is a system where the government takes away your earnings and distribute to all, including you. ie, distribution of wealth.
For the government to distribute the wealth, someone has to accumulate it at first. But, if the government is going to take away all my hard earned wealth, over a limit, why should I work so hard to earn over that limit. Thus people does not have the motivation to accumulate wealth. So " The distribution of wealth " actually becomes "Distribution of poverty".
Moreover, when the people have only a limited amount of resource left with them, they could be able to meet only their basic needs. So the consumption will be less which will lead to less production. Lower production levels obviously lead to reduced wealth generation. And that's the reason why socialist economies grow at a slower pace.
What?...you are asking about China?
Come on.. China was doing everything possible to attract private firms, to make it a manufacturing hub. And that's exactly when they started growing.
So what is right?
Of course.. you heard it right. But I didn't mean RIGHT.
The right scenario is where communism blossoms from within, that's when the people won't lose their motivation to go an extra mile to earn more. Communism cannot be imposed on someone. People should be motivated to accumulate wealth by sustainable means and voluntarily contribute back to the society.
Moreover, when people earn and a variety of production houses are available ( they give more options for spending ), the consumption would increase. This again leads to increased production and generation of wealth and increased investments as well.
And this is why a liberalised economy grows at a good pace, comparatively.
What does these definitions mean?
Simple!
It is a system where the government takes away your earnings and distribute to all, including you. ie, distribution of wealth.
For the government to distribute the wealth, someone has to accumulate it at first. But, if the government is going to take away all my hard earned wealth, over a limit, why should I work so hard to earn over that limit. Thus people does not have the motivation to accumulate wealth. So " The distribution of wealth " actually becomes "Distribution of poverty".
Moreover, when the people have only a limited amount of resource left with them, they could be able to meet only their basic needs. So the consumption will be less which will lead to less production. Lower production levels obviously lead to reduced wealth generation. And that's the reason why socialist economies grow at a slower pace.
What?...you are asking about China?
Come on.. China was doing everything possible to attract private firms, to make it a manufacturing hub. And that's exactly when they started growing.
So what is right?
Of course.. you heard it right. But I didn't mean RIGHT.
The right scenario is where communism blossoms from within, that's when the people won't lose their motivation to go an extra mile to earn more. Communism cannot be imposed on someone. People should be motivated to accumulate wealth by sustainable means and voluntarily contribute back to the society.
Moreover, when people earn and a variety of production houses are available ( they give more options for spending ), the consumption would increase. This again leads to increased production and generation of wealth and increased investments as well.
And this is why a liberalised economy grows at a good pace, comparatively.
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