rituals - and making sense of them..

As more and more green initiatives are being thought up it the direct link between "sustainability" and being "a hindu" is becoming clear.

The latest one called "bioremediation" really nails it in!! This is the process by which contaminated soil is allowed to "regenrate" itself wherein potassium lactate (from milk) is mixed into the ground with. In other words "bioremediation" is the process that relies on the cleaning power of bacteria that grow naturally in groundwater on the contaminated site, helped along with a boost from potassium lactate!! Simple aint it!!

One of the main rituals of "Hindus" is the "Abhisekam" of its idols on a daily basis!! maybe the offering of milk(potassium lactate) after honey (to attract the bateria) was a daily sustainable decontamination process which today just remains as a "ritual".

Some of the other notable scientific discoveries and rituals are importance of gold in "nono-medicine" as gold goes and attaches itself to the affected tissues inside the human body thereby enabling the "directed" delivery of medicine. No prizes for guessing how gold was always valued in the olden days!!

Another scientific discovery "cow urine" to amplify the effects of allopathic drugs thereby making them more effective and it is this synergy of traditional knowledge, scientific validation and modern science that we as Hindu's need to pursue to give more meaning to our age old "tradition and rituals". Jai ho..

How to manage a DUD!! ask KP Singh

Delhi Land Finance is to merge another 100% promoter owned company with one of its 100% subsidiary - in a cashless deal. This is supposed to provide great value going forward to the shareholders of DLF.

Now for some history and the facts of the current issue:

DLF came out with a public issue some 3 years back at a price of 525 per share. It is currently languishing between 375 to 425. So thats 3 years of interest on 525 lost to the poor shareholder. Lets put a value to that - say 260/- share. Before the public issue the promoters tried to hoodwink the existing minority shareholders by forcibly acquiring their stake at a pittance. This held up the issue by a year as the matter was settled by the courts.

Fast forward to the current transaction. Going by their history of browbeating their shareholders and downright cheating them it is not surprising to find the total lack of transparency in this deal. But with what is available the following is clear:

step 1 - DAL bought assets from DLF (basically all those dud developments not sold) - this forced their other shareholder in DAL - DE Shaw to actually beg to be released from this partnership - which MR KP Singh happily did. (not surprisingly the debt in the books of DAL approximately equals the amount paid to DE SHAW.. hmmm..)

Step 2 - now that DAL is 100% owned by the promoters except for the convertibles that Symphony capital holds - due in 2012 for which also the promoters conveniently hold a call option - the promoters can go ahead and merge it any which ways they deem fit!!

Step 3 - look for a patsy - in other words the shareholders of DLF.

Now the beauty of the transaction is that the debt on the books of DAL which is approx 2300 crores is equal to 4 years rental of all the assets of DAL. including interest we are looking at a scenario where the shareholders of DLF will get nothing for almost 6 years.

The only person benefitting in all this is KPS who otherwise will have to sell his DLF holdings to ward off personal financial ruin which has been brought about by badly placed real estate bets and for borrowing in the cash market to trade on his own shares to keep the price UP!! he tried doing that with DLF cash through a buy back but found that it was not workable. So the first step is to buy the shares low in benami names and then once the price is up to a respectable level the company would "buyback" and that way you pay off the "cash loans" through guaranteed profits for the lenders by trading in DLF shares. NEAT AINT IT?!!

Action points:

1. SEBI to check on the status of the buyback - what were the prices the shares were bought back and dates of trade.

2. flow of funds from DAL to DLF and the sources of these funds.

3. flow of funds from KPS to DE Shaw - source of these funds.

4. loan taken in DAL - where the money was utilised?

I think the above should more than put a full stop to the mess that is DLF today and a word of caution to the investors of DLF - BEWARE for the company is a DUD!!

2012 - apocalypse NOW!!

The Mayans got it wrong!!

OR DID THEY!!

Considering that certitus paribus intelligence of man would lead him to the ultimate in self realisation - we as a species would have evolved to the next. consider this extract: (taken from here - http://consciousflex.blogspot.com/2009/05/losing-yourself-yet-gaining-universe.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+ConsciousFlex+(Conscious+Flex))

"You believe you are not separate, but if nothing is separate, then that means you are everything. If you are everything, then that means you are nothing because there is nothing here to compare yourself to anything else. If you are everything, then you would have the power to control all aspects of yourself as everything. (But) You can't control anything, because you are nothing. Nobody is there to make a choice to choose something."

The Mayans had predicted that humanity as a whole by the end of this one gigantic mayan cycle would have reached this pinnacle of self realisation that you are everything and nothing!! So if you are nothing you cease to exist. End of the material world as we know it!! Boy did we get the Mayans wrong!!

The death of the unborn & living the American dream..

USD 39207(federal debt) + USD 54129 (personal debt) + USD 345396 (unfunded liabilities) + USD 5760 (interest dues) + USD 7922 (state plus local debt) / USD 42710 (per capita GDP) = 10.60

10.6 years or 3869 days the citizens of the US will have to work, NOT spend a dime they earn and only then they will pay off the staggering debt of their country. In other words every child that is born in the US today is already indebted for the AMERICAN DREAM their parents have lived to the extent of 11 years of his productive life!!

The figures for India are not that encouraging:

total national debt = 2898917.52 crores

guaranteed debt = 100206.78 crores

Total Long & Short Term Debt (Multilateral + bilateral+IMF+Export credit+Commercial borrowings + Rupee Debt) = 227688 crores

TOTAL = 32268 per capita debt (State debt data is not available but we can add another 200% of this)

to the above add 100% towards personal debt which is more than the actual anyways and we arrive at a figure of 129000/- per capita debt. Considering a per capita income of 96000/- it means that every Indian has to work for 491 days to pay off his debt.

From the above it is clear that the major democracies of the world have failed in securing the future of its citizens and more importantly the unborn ones.

The reason why it does not look rosy going forward for India is that personal credit is on the rise like America and public debt is on the rise like America AND the most telling thing is that 50% of the debt has been added in the past 12 years. In other words what debt was added between 1947 to 1997 has been doubled in the past 12 years - NO WONDER WE HAVE A BOOMING ECONOMY. After all this is the American dream aint it?