Posts : Economy

Vote of Confidence

murali772 - 6-DEC-2008

In this season of bad news, here's something to cheer. People turned out in impressive numbers to vote in all the states where assembly elections have taken place recently. Their faith in this crucial democratic exercise is heartening, especially when parts of the public sphere are resonating with anti-politician rhetoric.

Infosys exhorts employees to go on 1-yr sabbatical, work for NGOs

murali772 - 5-DEC-2008

India's second-largest information technology services provider, Infosys Technologies, has issued letters to its employees stating they could opt for a one-year sabbatical to engage themselves in philanthropic activities. They would continue to draw 50 per cent of their salary during the period.

The Real Problem

murali772 - 2-DEC-2008

But not a single politician spoke of the real problem. There can be no change unless India is able to strengthen not its laws, as we have more than enough of these its security network. For this only two steps are necessary: end politicisation and rid the police and the intelligence and security agencies of corruption.

The automobile industry burden

murali772 - 20-NOV-2008

The U.S. auto giants General Motors, Ford and Chrysler are more a fine example of how things work in the age of unbridled corporate power. Of how the collapse of restraint on that power must fracture economy and society. They also set the very standards that the Indian elite lusts to emulate.

Profit for KSRTC at whose cost?

murali772 - 19-NOV-2008

The primary objective of public transport corporations is to serve the public. However, this does not seem to hold good on many occasions, like on Monday, when BMTC and KSRTC gave a large number of buses in their fleet on casual contract for the JD(S) convention, causing an acute shortage of buses on road and putting the public to hardships.
 

24x7 Power Supply; courtesy - Solar Lighting

murali772 - 19-NOV-2008

While the rest of the state is fretting over frequent power cuts, three little-known hamlets of Uttara Kannada district have uninterrupted power supply, thanks to Karnataka Vikas Grameena Bank’s Vikasa Kirana scheme, launched in 1994, to avail of solar lighting units to enjoy uninterrupted power supply, a rarity in Karnataka these days.
    

Bail us out: consume

murali772 - 8-NOV-2008

Well, that recession has, since then, blown up in our faces as companies, banks collapse and governments rush with billions of dollars to their rescue. And myopia seems a global malaise. What should astound us is not the crisis, nor its scale or its devastation, but the response of our financial and political managers.

The Challenged Private Sector

murali772 - 2-NOV-2008

Private bus operators at Kalasipalyam, who have been transporting commuters for about 60 years now, still await the day they will get a separate bus stand. There are about 250 private buses that ply daily between the City Market and nearby Hosur, Kolar, Magadi, Tumkur and Chikballapur.

Tech boost for power sector

murali772 - 1-NOV-2008

Encouraging the IT sector to realise the business opportunity in the power sector, Minister of State for Power, Jairam Ramesh, said on Thursday that the Centre was planning to infuse technology into the power distribution of the country and replicate the success of IT in the power sector.

Real cost of things we buy...

navshot - 29-OCT-2008

I always wondered what is the real cost of things we buy. I realized, you can buy an LED torch for Rs. 25! How does it work out? Bill of materials should be less than Rs. 10 and labour another Rs. 5! Wow!! We usually push it aside saying "Chinese", as though its a complete explanation. But is the real cost of the product? I always wondered there has to be more to it - the hidden costs.