Politics of hate

The indian poltical scene has been so vitiated by the divisive politics practiced by the Congress in the past 6 decades that the fine line between anger and hate no longer exists.

The current comment by the BJP election convener of UP, Amit shah that the riot victims of muzaffarnagar should take revenge at the hustings is one where the line can be drawn depending on your political affiliation. Now lets look at the said statement which has drawn the combined ire of all the political parties oppossed to the BJP
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"This not just another election. This is the time to avenge the insult meted out to our community. This election will be a reply to those who have been ill treating our mothers and sisters,"

The above is just a response to the divisive politics where the hindu vote has been split in the lines of caste and the non-hindu vote is consolidated with the tag of "secular" and "communal" by the Congress/SP/Left etc etc.

The interesting thing is that news anchors themselves have been stating that when Muzaffarnagar goes to vote it will be the time to exact revenge against the political establishment for allowing the riots. Pray do tell me  how will the people "exact their revenge" - by voting or using the French alternative of the guillotine ?

Elections 2014 has been well designed by Modi and that is something not palatable to non-BJP parties as they realise very late in the day that they have been outsmarted by a chaiwallah!!

Law is supreme where stupidity and greed go hand in hand

The threat of a class action suit by techies of silicon valley against companies like google, apple, intel etc etc has got these companies scrambling for settlements. The issue is the "No poaching policy" (NPP) informally agreed to between these companies. The complainants are arguing that the NPP has reduced their earning capacity.

In that event then non-compete clauses keep prices high - so shouldnt consumers file a class action suit against all companies that have this in their various contracts for refund and damages?

When we are at this the very idea of patents/ copyrights is again non-competitive and hence to be sued till the cows come home!!

Whatever the reasoning it is obvious that the counsel of these tech giants is either incompetent OR is corrupt in the sense they have scared the companies sufficiently to bring them to the settlement table all in the quest of some fat fees!! If there is a real "threat" of this going to court then it doesnt talk too well of the quality of the Judges IF there is a feeling that they will even consider admitting such a case in court.

Now coming back to these "employees" - if you think you are worth more than the already bloated salaries that you are getting - go and set up your own company and get what you rightfully deserve.

The news article can be accessed here at http://dealbook.nytimes.com/2014/04/07/tech-firms-may-find-no-poaching-pacts-costly/?_php=true&_type=blogs&_r=0

Auction - the real "Raja" of Spectrum

With the much awaited spectrum auction over and the winner announced - it is interesting to note a few points.

1. The govt. to prove the CAG and SC wrong made all its attempts in keeping this auction as least represented as possible. The number of bidders was less than 12 WHEREAS back in 2007-08 when the 2G scam happened, there were more than a 100 applicants !
2. The PE of Bharti at a price of 575/- back then 92007-08) was over a 100 whereas today it is at a PE of only 20 at a price of 300/- ERGO the CAG loss estimate has to be reduced by 80% which will give us a figure of 35200 crores. WE got 61000crores+ ie a premium of 75% on the loss figure of the CAG !!

Just imagine if the same number of bidders were there and more importantly all the BIG foreign companies which lined up in 2008 BUT missing now (etisalat, etc) were also present?

Also consider that back in 2007-08 telecom was still in its nascent stage of growth - people were willing to pay a premium to capture the market BUT today with near saturation levels it is more about RETAINING your base rather than getting more subscribers!!

If all the above is considered and properly accounted for EVEN the figure of 176000/- crores (USD 40Bn) estimated by the CAG will pale in comparision!!

So much for a Zero loss MrSibal.