Thursday, March 20, 2008

Stock market fluctuations:Signal to Indian organized sector.

For quite a few days now, the stock market indices are fluctuating like the voltage fluctuations in rural India. At the same time the gold prices are increasing constantly. But Indian economy as such looks stable and its prospects of good show are nowhere deterred. What is this phenomenon?
For some years now Foreign Institutional Investors (FIIs) invested heavily in the Indian stock market, thanks to the growth of our organized sector. But the just the investments can not lead to high growth of sector; there is a limit up to which growth is possible but beyond that the environmental factors play major roles. Hence to persist with a same growth rate is difficult even if you have enough funds and liquidity in the market. To achieve further growth of our organized sector, the environmental factors like taxation system, transport, communication and other social-infrastructure like law and order, education, training and health sector should also progress. These factors are limiting the potential of growth of Indian organized sector. It has reached to a saturation point and after this it can either decline or remain stable.
The FIIs do not prefer such situation, they want higher returns. Hence they go out of the stock market. This has widespread effect on small investors and speculators which causes panic in the stock market and share prices fall down. With lower prices, the bigger investors again jump into the fray increasing the share prices. This continues. This ripples in the share market, are enough to lose trust of the ordinary investors, who then prefer to invest into Gold as it is more reliable and stable investment option.
The Indian economy still looks good, because still the contribution of the organized sector in the Indian economy is much less. And looks like plane of our economy has already made a take-off and it is on auto-pilot. Now it is only going to fly unless some accident takes place. It just needs good economic environment. It’s high time now that government should start thinking of clearing this economic environment instead of trying to control the plane of our economy otherwise the Hindu rate of growth will prevail again.

Monday, March 17, 2008

Tribute to Indian HE-MAN

The year 2007 marked the comeback of Dharam paaji with consecutive 3 hits...Metro, Apne and johny Gaddar..
He is the only one hero who could play all kind of roles and succeed in all of them.
Come 1971..two movies were released on the same day...Naya Jamana and Mera Gaon Mera Des..two entirely different genre of movies and both were super hit...That was the charisma of Dharamji...Such was his screen-presence, he used to make every frame real. Remember him in the song "Hum bewafa..hargiz na the..." from Shalimar. His close-ups bring a kind of sadness to the entire frame. His personality had no limitations. Right from the uneducated loafer, truck-driver, jambura to highly qualified engineer, doctor, pilot, inspector he made characters look real.
Winner of Filmfare talent hunt in 1957, he was supposed to work with Bimal Roy and Guru Dutt...Bimal Roy offered him film like Bandini, but the movie with Guru dutt could never kick-off. But he learned a lot from both of these legends. Till 1966 he appeared in the films like Dil Bhi Tera Hum Bhi Tere (1960), Boyfriend (1961), Shola aur Shabnam (1961), Soorat Aur Seerat (1962), Shaadi (1962), Anpadh (1962), Begaana (1963), Bandini (1963), Pooja Ke Phool (1964), Mera Qasoor Kya Hai (1964), Main Bhi Ladki Hoon (1964), Ganga Ki Lahren (1964), Aayee Milan ki Bela (1964), Haqeeqat (1964), Aap Ki Parchhaiyan (1964), Purnima (1965), Neela Aakash (1965), Kaajal (1965),Chand Aur Suraj (1965), Akashdeep (1965), Mohabbat Zindagi Hai (1966), Mamta (1966), Dil Ne Phir Yaad Kiya (1966), Devar (1966), Baharen Phir Bhi Aayengi (1966), Aaye Din Bahar Ke (1966). Majority of these films were woman oriented films with Bengali background and Dharemndra used to play a modern liberal Bengali intellentsia who eventually protect the leading lady from the social atrocities. Some films like Aayee Milan ki bela and Haqeeqat were exceptions. In Aayee Milan ki bela he played a negative role which was well appreciated and he got more sympathi from the crowd than the actual hero of the film. Haqeeqat was the film made by Chetan Anand and Dharmendra got a very good role in it. Though he did not have any song in this movie, he left his impression on the movie.
His struggle continued till 1966 when his path-breaking film Phool and Pathar was released. The role of Shaka, gave him his first nomination for filmfare best actor...those were the days when there use to be only three nominations and only one award :), the other two nominated were Dilip Kumar and Dev Anand. Dev Anand got the Award for Guide, but Dharmendra did not lose heart from that..He continued his good work with the films like Anupama, Aankhen, Yakeen, Baazi, Shikar, Izzat, Aya Sawan Jhoom Ke, Satyakam, Aadami Aur Insaan, Jeevan Mrityu, Guddi, Naya Jamana, Mera Gaon Mera Des, Yaadon Ki Baaraat..etc.
When the Storm of Rajesh Khanna swept the Industry, the only one who survived from it was Dharmendra. He had his own place in Industry and was considered Hero number one between 1972- 1975. This was the period when he did Jugnu, Pratigya, Seeta aur Gita, Kahani Kismat ki, Chupke Chupke, Sholay and many more hits...
By the time Sholay released he was already 40. He still continued his good work between 1975-82 with Charas, Dost, Blackmail, Azaad,Dream Girl, Shaalimar, Ram-Balram, The burning Train etc.
In the decade of 80’s he transformed himself in the role of He-Man. With the growing age he could not do the same romantic movies and hence he extended his career by doing many excellent action films like Bazi, Rajput, Raj Tilak, Gajab, Ghulami, Batwara, Hukumat, Loha. His films like Ghulami and Batwara are considered as classic films on Social issues like feudalism in India. With the film like Naukar Biwi Ka, he started a new genre of time-pass comedy movies which was later continued by Govinda.
Decade of 90s seen him retire from the A-grade movies. He did lot of movies in this period, but they were only for the purpose helping the small film makers. His films used to be hit in the Rural north india. But this made a very bad impression of him on the new generation, which now started considering Dharmendra as a hero of bad films...
From 2000-2005 Dharmendra was in semi-retirement phase. Then he relaunched himself with the film ’Kis Kis ki Kismat’ which was a flop, but 2007 he came back strongly with 3 consecutive hits.
I wish he continue his good work as a Character Artist on the model of Ashok kumar. Dharmendra has still lot to offer to this film industry, provided his potential is tapped properly. Despite of his some great performances, I think his best is yet to come. And as he himself said in Johny Gaddar..
"It’s not age, but the mileage...."

Saturday, March 15, 2008

IPL Auctions

In IPL auctions, cricketers were sold and there was a huge hue and cry all over. Right from common man to Balasaaheb Thakare everyone expressed their rage over these auctions.
Our Cricketers are commodities which sell in the market. It was clear from the days when Ganguly first did Coke advertise and then shifted to Pepsi. But the IPL auctions have brought this fact more vividly to the forefront and suddenly everyone realised what is going on.
Accumulating wealth is not a bad thing if it is earned through a correct means. Apparently The cricketers are earning them through their skills and hardwork. But if we go to the root of this money, we will find who are paying this money, the companies or indian consumer.
The companies who have paid such huge sum of money to these players want to promote their brand on the pretext of serving cricket. Though they will enlarge their market presence through it, this costly advertsing will increase the cost of their products/services. This cost will have to be beared by the ordinary consumners.
So cricket will become more popular, but we should remember that we are paying for it, for our national obsession and not BCCI or any sponsor.

Wednesday, March 5, 2008

Raj Thakare Episode: The larger picture

Raj Thakarey's agitation against north indians in Maharshtra was criticized heavily by everyone right from the pseudo-intellectual news media like times of india/ndtv/cnn-ibn to the psuedo-dashing media like aaj-tak, ibn-7, star-news,india-tv etc..
But unfortunately no-one has even taken a notice of the fact that Raj Thakarey got the support from common Maharashtrian people. Is it the indicator that the most progressive state of India is facing a social mass-paranoia?
Let's analyze the scenario.
There is a nation who adopted federal polity. Some states are developed while some are underdeveloped. The underdeveloped states remained underdeveloped not because of the lack of natural resources, but because of the gross mis-management, corruption and social issues. The people from such underdeveoped states migrated to the developed states. The developed state was pretty liberal and already had a sizeable amount of rich class people who are immigrants and the native people of those developed states are mainly into manual labour and unskilled jobs. As the influx of people from underdeveloped states increased, the competition in this labour class people increased. The immigrants live in slum illegally with extremley low standard of living and hence are less costly.
Slowly these migrants start displacing the natives and many native become unemployed. As the size of the migrants increased, the natives become restless.
On the backdrop of this situation, the politicians from the underdeveloped states start increasing their presence in the developed states considering the high number of migrants. These politicians want to polorize the immigrants and to convert them into their vote bank. And for that purpose they incite the immigrant community by distributing weapons.
They receive a strong reaction from the politician who is trying to establish himself in the state politics. Both are successful now. In this fight the immgrant and native communities get polorized. The law and order situation becomes serious. Since the natives are in huge numbers and immigrnats are minority, the immigrants suffer badly in this conflict.
The politicians from both side daily take care of fiercing this battle by issueing new statements. And the media who considers itself equivalent to judiciary, has already passed a judgement putting the native maharashtrian people in bad light.
No one even remotely reckoned that their exists an issue due to which there is a widespread recentment in the native people of maharashtra. The economic issue is important and also important are several other issues.
Cultuarally maharashtra is going through a kind of downfall wherein marathi language is suffering a lot. Once the rich in literature/sports/theatre/music with some stalwarts like V.Shantaram, Lata Mangeshkar, Sunil Gavaskar,Tendulkar,Shirwaadkar, p.l.deshpande and many others have created very high level of standards which the modern day marathi literature, cinema, theatre, sports, music are not able to match. The western culture and literature has started dominating marathi minds and has literally overwhelmed them. Natives started losing their faith in Marathi language and maharshtrian culture. Though they can not express that social feeling openly and hence entire maharshtra is in state of cultural anxiety.
Examine maharshtrian in this state. On top of that they started facing the unemployment issues due to growing influx of North Indians into the state making the natives unemployed.
That's the reason why Raj got such overwhelming support from the common people of Maharshtra.
Though Raj is using these sentiments in his favour, people of India should understand these sentiments and should not take comfort in just criticizing Raj.
This issue is widespread. Since the Raj Thakarey is soft target (and even he wanted the reaction from north indian politicians), all the North Indian politicians right from Mulayamsingh to Laloo Prasad raised voice against him. Where were these leaders when more that 500 biharis were killed in Assam, Punjab, Kashmir during last 2-3 years and where was media and what was its verdict on that?
The main issue is not whether Raj is correct or not, but the main issue is why is he getting support? If we did not address this issue, we will find several Raj Thakares emerge from different regions of India.