Based on the content of my blog, I am classified as a man (with 79% probability!) according to this site.
Monday, December 15, 2008
Thursday, December 04, 2008
Constructive Sales – Is it a Tax Haven?
(This is probably the most anachronistic post I could ever make, but still…)
If you are one of those who holds a low basis stock - e.g., you are some one who had shareholdings in a private company, which later got listed and still trading at a premium or you bought into some shares and they are now trading (still) at a substantial premium (eg. Educomp Solutions) – and want to exit those positions, you would have to encounter capital gains tax at 10% + the surcharges. (N.B.: Capital gains tax for shares traded through the exchanges is levied only if profits are booked within one year). There is a way out to defer these taxes and probably end up not paying any tax ‘legally’ (as Indian Capital Gains taxation window is just one year) if you enter into some form of ‘constructive sales’.
Constructive sales is just that for whatever profitable positions you hold, the realization of which might entail capital gains tax, you can enter into an offsetting position like shorting its future, or direct shorting of the stock (if allowed, at present it is not allowed). The day you enter into such a transaction, you have virtually locked in your profits; you are more or less insulated from future price movements, at the same time you are technically not liquidated your position which means you have eliminated your risk, essentially booked your profits but do not have to pay the capital gains tax. Let’s see how the second leg of the ‘short sales’ work. After one year of your initial share purchase, you can sell your initial shareholdings in the market which attracts zero capital gains tax and also close your short position simultaneously (or sometime later).
Let’s see a hypothetical example. I bought 10 shares of Educomp Solutions on June 1, 2008 @ INR 1000/share. On July 1, 2008, Educomp solutions had reached INR 1900 per share and I decide to close out the position and book profit. If I do a direct sale of the share, I would have booked a short term gain of INR 9000 (900x10), for which I need to pay tax of at least INR 900 (10% of INR 9000). The constructive sales alternative: On July 1 2008, I enter into a short position in the far month futures contract of Educomp, say at INR 1950. On expiry of this futures contract, I roll it over with the far month contract available then. I keep doing this till June 2009. In July 2009, I decide on closing out the short position in futures. If in July 2009, the futures contract of Educomp is trading at INR 2500, I will incur a short term loss of INR 550 (2500 minus 1950) in FY 2009-10 which can be set off against any short term gains and a long term gain of INR 1500 (2500 minus 1000) which attracts zero tax. Effectively, my net gain from the entire set of transaction is INR 950 (1500 minus 550), but I do not end up paying any tax even though I eliminated any risk after just one month of entering into the deal (June 2008 to July 2008).
The above is called constructive sales and the same is disallowed in US. But I am unsure about the same in India and so as long as it is not disallowed, we can make some amount of tax avoidance (and not tax evasion ;) ) All of the above has an assumption, the individual has enough liquidity for the futures contract margins and the transaction costs are not very high (I assume the latter is true in case of an HNI with adequate investible amount and transactions).
If you are one of those who holds a low basis stock - e.g., you are some one who had shareholdings in a private company, which later got listed and still trading at a premium or you bought into some shares and they are now trading (still) at a substantial premium (eg. Educomp Solutions) – and want to exit those positions, you would have to encounter capital gains tax at 10% + the surcharges. (N.B.: Capital gains tax for shares traded through the exchanges is levied only if profits are booked within one year). There is a way out to defer these taxes and probably end up not paying any tax ‘legally’ (as Indian Capital Gains taxation window is just one year) if you enter into some form of ‘constructive sales’.
Constructive sales is just that for whatever profitable positions you hold, the realization of which might entail capital gains tax, you can enter into an offsetting position like shorting its future, or direct shorting of the stock (if allowed, at present it is not allowed). The day you enter into such a transaction, you have virtually locked in your profits; you are more or less insulated from future price movements, at the same time you are technically not liquidated your position which means you have eliminated your risk, essentially booked your profits but do not have to pay the capital gains tax. Let’s see how the second leg of the ‘short sales’ work. After one year of your initial share purchase, you can sell your initial shareholdings in the market which attracts zero capital gains tax and also close your short position simultaneously (or sometime later).
Let’s see a hypothetical example. I bought 10 shares of Educomp Solutions on June 1, 2008 @ INR 1000/share. On July 1, 2008, Educomp solutions had reached INR 1900 per share and I decide to close out the position and book profit. If I do a direct sale of the share, I would have booked a short term gain of INR 9000 (900x10), for which I need to pay tax of at least INR 900 (10% of INR 9000). The constructive sales alternative: On July 1 2008, I enter into a short position in the far month futures contract of Educomp, say at INR 1950. On expiry of this futures contract, I roll it over with the far month contract available then. I keep doing this till June 2009. In July 2009, I decide on closing out the short position in futures. If in July 2009, the futures contract of Educomp is trading at INR 2500, I will incur a short term loss of INR 550 (2500 minus 1950) in FY 2009-10 which can be set off against any short term gains and a long term gain of INR 1500 (2500 minus 1000) which attracts zero tax. Effectively, my net gain from the entire set of transaction is INR 950 (1500 minus 550), but I do not end up paying any tax even though I eliminated any risk after just one month of entering into the deal (June 2008 to July 2008).
The above is called constructive sales and the same is disallowed in US. But I am unsure about the same in India and so as long as it is not disallowed, we can make some amount of tax avoidance (and not tax evasion ;) ) All of the above has an assumption, the individual has enough liquidity for the futures contract margins and the transaction costs are not very high (I assume the latter is true in case of an HNI with adequate investible amount and transactions).
Wednesday, December 03, 2008
Self-sufficiency & Terrorism
OM: When did India lose its self-sufficiency in rice?
PS: I don’t know about this self-sufficiency thing; but why are you asking about it all of a sudden?
OM: Because I heard Bush is sending Rice immediately to help counter the present crisis
PS: I don’t know about this self-sufficiency thing; but why are you asking about it all of a sudden?
OM: Because I heard Bush is sending Rice immediately to help counter the present crisis
Tuesday, December 02, 2008
Terrrorism - An Opinion
There have been extensive coverage both in MSM and blogs on the recent terror attacks in Mumbai. It pains to realize how each one of us is exposed to such acts of barbarism and I strongly feel that we need to get out from the "it won't happen to me" syndrome and at least start thinking on ways out of this menace. I am no expert in the domain, so apologies if my opinions are too naive.
Mission: We need to put across a strong message to one and all who are in positions of responsibility (or the politicians) - "Politicize Terror, Lose my Vote"; for the ones who have some brains, it can be interpreted as "Politicize Terror, Lose my Tax". I am not suggesting that the politicians have had a role in the recent attacks, I am only reinforcing that if politicizing terror is not stopped, as Kapil Sibal says here, we are only aiding the terrorists and their agenda. I read elsewhere on the Internet that terrorism cannot be stopped (I wonder how USA has been able to avert any major terrorist attack after 2001) and the victim nation can only react 'strongly' to such acts. The sad state of affairs is India is neither able to prevent such acts nor able to react. If nothing changes in a country after serial bomb blasts in 4 major cities, after scores of lives have been lost, after giving reservations for terror (Hindu terror v/s Islam terror), then the problem is far more systemic than the ineptness, inactivity, fashion-consciousness of the Central Home Minister, or loose tongue of a Deputy Chief Minister. So, dear politicians, please develop a system which aids in preventing future acts of terror and definitely one which aids in speedy, effective reactions to future acts of terror.
As a passing thought, I believe, the day (utopian though) every one turns atheistic/agnostic and unpatriotic, terrorism will die.
Mission: We need to put across a strong message to one and all who are in positions of responsibility (or the politicians) - "Politicize Terror, Lose my Vote"; for the ones who have some brains, it can be interpreted as "Politicize Terror, Lose my Tax". I am not suggesting that the politicians have had a role in the recent attacks, I am only reinforcing that if politicizing terror is not stopped, as Kapil Sibal says here, we are only aiding the terrorists and their agenda. I read elsewhere on the Internet that terrorism cannot be stopped (I wonder how USA has been able to avert any major terrorist attack after 2001) and the victim nation can only react 'strongly' to such acts. The sad state of affairs is India is neither able to prevent such acts nor able to react. If nothing changes in a country after serial bomb blasts in 4 major cities, after scores of lives have been lost, after giving reservations for terror (Hindu terror v/s Islam terror), then the problem is far more systemic than the ineptness, inactivity, fashion-consciousness of the Central Home Minister, or loose tongue of a Deputy Chief Minister. So, dear politicians, please develop a system which aids in preventing future acts of terror and definitely one which aids in speedy, effective reactions to future acts of terror.
As a passing thought, I believe, the day (utopian though) every one turns atheistic/agnostic and unpatriotic, terrorism will die.
Wednesday, November 26, 2008
Wednesday, November 19, 2008
When Newspapers are wrong
As a person with prospective investible money, I was eager to know about various ‘value-picks’ (hee hee, yes, you can get bamboozled once more) based on Price-to-Earnings and Price-to-Book ratios in the Indian capital markets. There was a huge hue-and-cry in the recent days (months?) that Tata Steel is quoting at a P/E of 1.0. The source of this information is none other than Economic Times, the leading pink paper has been highlighting that the company’s P/E is 1.0 (in its hard copy and not on their website). And based on that the self-proclaimed investment gurus omnipresent in my surroundings keep suggesting to buy the stock. Luckily, owing to not having any better thing to do, I checked Tata Steel’s financial statements of FY 2007-08 and for the first half of FY 2008-09 - according to which the Earnings per share (EPS) comes to Rs.67.17 (based on full year FY 07-08) and Rs.87.92 (annualized based on first half of FY 08-09). Given this and the fact that Tata Steel is quoting in the range of Rs.160-165, the P/E for the same is in the range of 1.8 to 2.4 and NOT 1. If you are one of those who look at the ratios given in Economic Times and think they are sacrosanct and proceed to invest, beware!
I presume this to be an error from Economic Times side as their website shows the actual P/E and not the one (and 1.0) appearing in their hard paper.
Monday, November 17, 2008
Of Nouns and Collective Nouns
Going back to school-days, I started wondering about collective nouns. You will call:
a group of ants: a colony;
a group of flowers: a bouquet
a group of birds: a flock
a group of bees: a swarm
a group of wolves: a pack
a group of lions: a pride
a group of selvanayagams: a tissuevanayagam
And when I tell this to people around, they have started quarantining me. This is Kaliyuga and greatness is repelled.
a group of ants: a colony;
a group of flowers: a bouquet
a group of birds: a flock
a group of bees: a swarm
a group of wolves: a pack
a group of lions: a pride
a group of selvanayagams: a tissuevanayagam
And when I tell this to people around, they have started quarantining me. This is Kaliyuga and greatness is repelled.
Friday, November 07, 2008
Poraattam - F6
Here is a song that was composed for a contest in Vijay TV some time last year. The composition was from a band called "F6" - a group consisting of alumni from BITS, Pilani and who, I was told, were working in different locations and had assembled to compete in that TV contest. This song was sung in the semi-final round of that contest - the contest requiring the contestants to compose their own songs. This song won the semi-finals for all the good reasons. The song was so good that in spite of the fact that this troupe did not compete in the finals (reason: unknown to me), AR Rahman who came as judge in the final round was all praise for this band and the song and presented a special prize to them.
I am not an expert in music, notes and compositions, but a friend of mine who is one such and an exponent of carnatic vocal music commented that this song is "technically" perfect and deserves much more recognition and fanfare than what it currently enjoys.
Here is
Sodhanaigal Sornthu Othum Sogam Yaenada
indru saadhnaigal sernthu koodum vaazhum Maanida.....
I am not an expert in music, notes and compositions, but a friend of mine who is one such and an exponent of carnatic vocal music commented that this song is "technically" perfect and deserves much more recognition and fanfare than what it currently enjoys.
Here is
Sodhanaigal Sornthu Othum Sogam Yaenada
indru saadhnaigal sernthu koodum vaazhum Maanida.....
Thursday, November 06, 2008
Lesson for Indian Politicians
I have no opinion on the result of the U.S. Election, whether it was the first time an African-American has won American election or it could have been the first time a woman could have become president/vice president of the USA.
But what I admired most about this election is this: John McCain congratulating Barack Obama as soon as he would have realized victory is not coming his way. The graciousness that a losing candidate had in appreciating the victor shows how mature the country is, the democracy there is vis-a-vis the bickerings we have here in India: pre-election, during election, post elections till it is time for the next election. I suppose this is not the first time a losing candidate, be it the race for presidency or the race for presidential nomination, has graciously accepted defeat in the history of America, but it is the one that I admired most about the whole process.
Btw, I feel, more than change it is change management that is more important. (Hey!! some MBA BS jargon!)
But what I admired most about this election is this: John McCain congratulating Barack Obama as soon as he would have realized victory is not coming his way. The graciousness that a losing candidate had in appreciating the victor shows how mature the country is, the democracy there is vis-a-vis the bickerings we have here in India: pre-election, during election, post elections till it is time for the next election. I suppose this is not the first time a losing candidate, be it the race for presidency or the race for presidential nomination, has graciously accepted defeat in the history of America, but it is the one that I admired most about the whole process.
Btw, I feel, more than change it is change management that is more important. (Hey!! some MBA BS jargon!)
Sunday, November 02, 2008
Taxi Taxi
I was told a song from the movie "Sakkarakatti" is really good and it has become quite popular in spite of being a contemporary to the "naakku mukku" phenomenon. The first time I heard the song, it was not appealing and did not meet the hype with which it was told to me. But I must accept after listening to the song for a couple of days that this song is just too peppy, joyous and kind of makes me an air-drummer. There are two things that I specially liked: one the constant beat in the background and the lively lyrics. I am pasting the lyrics of the song taken from this site. Most importantly, there is one french (I guess) stanza coming in the lyrics; before having a look at the actual lyrics, I could not decipher it - thanks to my absolute voidness in oral french - I took it for some kind of a Rajnish's French Connection in United Kingdom.
Other tamil songs I am recently listening to (again and again):
- Vaaranam Aayiram
- Dosth bada dosth (Saroja)
- Kangal Irandal Un Kangal Irandal (Subramaniapuram): I must say I love the female singer in this song
- Oru Naalaikkul ethanai kanavu (Yaaradi Nee Mohini)
- Adada Adada ennai etho (Santhosh Subramaniam)
- Taxi Taxi (Sakkarakatti)
Taxi-Taxi Lyrics:
Other tamil songs I am recently listening to (again and again):
- Vaaranam Aayiram
- Dosth bada dosth (Saroja)
- Kangal Irandal Un Kangal Irandal (Subramaniapuram): I must say I love the female singer in this song
- Oru Naalaikkul ethanai kanavu (Yaaradi Nee Mohini)
- Adada Adada ennai etho (Santhosh Subramaniam)
- Taxi Taxi (Sakkarakatti)
Taxi-Taxi Lyrics:
Nan Nanan na na nana na ana…na
Nanba nee oru ilavasa taxi (2)
Once upon a time when we were riding real easy
Only we used our new Maruthi
Look up on the sides when a citi girl pass by
bale bale you say bye bye bye
mm say bale bale
mm say ole ole
mm say ole ole
shaawa
mm say bale bale
mm say ole ole
mm say ole ole
shaawaaaaaa…
Rasi Rasi…nanban kidaithal ellam OC
Taxi Taxi..nanba nee oru ilavasa taxi….(2)
Nee nee nee nee illayael naan naan naan engu povathu
Thoal saaya Thoal illayael en vaazhkai ennavathu…
Rasi..Rasi…nanban kidaithal ellam OC
Taxi Taxi..nanba nee oru ilavasa taxi…
oola oola…nanban kidaithal elllam OC..
oola oola…yoasi yoasi…yoasi yoasi…
We’ve gonna a smile coz we have a journey
dinner with a lady in a red saree
shout out loud, say you’re so sweet
We’ve gonna a smile coz we have a journey
dinner with a lady in a red saree
oola oola
En thavarai nee maraithai
Enakai archanai vaanginaai
Un Thoalgal yaeniyai poal
Yaeri midithaen…thaanginaai
Ezhum poathu kai thanthu
Azhum poathu kadan thanthu
Ilaipaara madi thanthu
Enakena vaazhvathu nee thaane
Rasi..Rasi…nanban kidaithal ellam OC
Taxi Taxi..nanba nee oru ilavasa taxi…
Il faut que je me dépêche parce qu’on m’attend à Chennai
Il faut que j’aille prendre le Taxi, prendre le Taxi à Paris
na na ana…na
nai nainya nainya nainya na….
Thillana Thillana Thimiru pudicha thillanaa…
Anbaa naan Anbaa naan adangamaataen hero naan
Kalla thanam theriyaadhu…
Kaadhaliye kidaiyaathu…
nan nanan na na nana na ana..na na na na
Kanjathanam theriyaathu
Kanjaave kidayaathu…
Nalla pazham kidayaathu
Gnana pazham kidayaathu
En uyir nanban nee thaane
Rasi..Rasi…nanban kidaithal ellam OC
Taxi Taxi..nanba nee oru ilavasa taxi…
neeya neeya neeya neeya illayael
na na na na na na engu poavathu
Thoal saaya Thoal illayael en vaazhkai
ennavathu…ennavathu…ennavathu…
nan naana naana na na nana ….
Taxi Taxi..Awesome taxi…
Taxi Taxi…Raasi Raasi…”rap” ae jaasthi…
Taxi Taxi…uh hey…uh hey..ah..hah…hah..
Taxi Taxi…Make a wave… Make a sound…
Taxi Taxi…kumbakumengum city city
Thinam thinam pengal try and catch me
Rude boys naangal king of the streets
Riding together every body follow me…
Look over the side when ya see u when u pass by
Friend thavira friends thavira stay with me all at the time
Rolling through the streets.. they must they must ask why?
We be so happy and we know that we are nice guys
mm say bale bale
mm say ole ole
mm say ole ole
shaawa
mm say bale bale
mm say ole ole
mm say ole ole
shaawaaaaaa..
Nanba nee oru ilavasa taxi (2)
Once upon a time when we were riding real easy
Only we used our new Maruthi
Look up on the sides when a citi girl pass by
bale bale you say bye bye bye
mm say bale bale
mm say ole ole
mm say ole ole
shaawa
mm say bale bale
mm say ole ole
mm say ole ole
shaawaaaaaa…
Rasi Rasi…nanban kidaithal ellam OC
Taxi Taxi..nanba nee oru ilavasa taxi….(2)
Nee nee nee nee illayael naan naan naan engu povathu
Thoal saaya Thoal illayael en vaazhkai ennavathu…
Rasi..Rasi…nanban kidaithal ellam OC
Taxi Taxi..nanba nee oru ilavasa taxi…
oola oola…nanban kidaithal elllam OC..
oola oola…yoasi yoasi…yoasi yoasi…
We’ve gonna a smile coz we have a journey
dinner with a lady in a red saree
shout out loud, say you’re so sweet
We’ve gonna a smile coz we have a journey
dinner with a lady in a red saree
oola oola
En thavarai nee maraithai
Enakai archanai vaanginaai
Un Thoalgal yaeniyai poal
Yaeri midithaen…thaanginaai
Ezhum poathu kai thanthu
Azhum poathu kadan thanthu
Ilaipaara madi thanthu
Enakena vaazhvathu nee thaane
Rasi..Rasi…nanban kidaithal ellam OC
Taxi Taxi..nanba nee oru ilavasa taxi…
Il faut que je me dépêche parce qu’on m’attend à Chennai
Il faut que j’aille prendre le Taxi, prendre le Taxi à Paris
na na ana…na
nai nainya nainya nainya na….
Thillana Thillana Thimiru pudicha thillanaa…
Anbaa naan Anbaa naan adangamaataen hero naan
Kalla thanam theriyaadhu…
Kaadhaliye kidaiyaathu…
nan nanan na na nana na ana..na na na na
Kanjathanam theriyaathu
Kanjaave kidayaathu…
Nalla pazham kidayaathu
Gnana pazham kidayaathu
En uyir nanban nee thaane
Rasi..Rasi…nanban kidaithal ellam OC
Taxi Taxi..nanba nee oru ilavasa taxi…
neeya neeya neeya neeya illayael
na na na na na na engu poavathu
Thoal saaya Thoal illayael en vaazhkai
ennavathu…ennavathu…ennavathu…
nan naana naana na na nana ….
Taxi Taxi..Awesome taxi…
Taxi Taxi…Raasi Raasi…”rap” ae jaasthi…
Taxi Taxi…uh hey…uh hey..ah..hah…hah..
Taxi Taxi…Make a wave… Make a sound…
Taxi Taxi…kumbakumengum city city
Thinam thinam pengal try and catch me
Rude boys naangal king of the streets
Riding together every body follow me…
Look over the side when ya see u when u pass by
Friend thavira friends thavira stay with me all at the time
Rolling through the streets.. they must they must ask why?
We be so happy and we know that we are nice guys
mm say bale bale
mm say ole ole
mm say ole ole
shaawa
mm say bale bale
mm say ole ole
mm say ole ole
shaawaaaaaa..
Friday, October 31, 2008
Vaaranam Aayiram - Music
It has been a while since I liked an entire album such as this. More than the melody and the music, the songs sound cute.
Thursday, October 30, 2008
Most Awaited Movie of 2008
Update from Kollywood Today
Ramarajan is not a new person. He ruled Kollywood in the 80s. He was a great threat even to the super star. His movies like Enga Ooru Pattukaran and Karakattakaran took him to great heights. But all of a sudden he went into exile due to his domestic problems. Ramarajan will make his comeback with the movie Medhai to be directed by debutant T G Saravanan. He plays a head master in a village school. He comes across a group of baddies and ends their atrocities in the village.
Vadivelu, Charlie, Pithamaghan Mahadevan form part of the cast. A debutante will play the heroine. Dhina is scoring the music. Shooting for the movie would commence shortly.
Wednesday, October 29, 2008
Know your money
Buddy! This is cool, that too coming from Reserve Bank of India. A nice little game on the Indian currency notes and a decent description of the security features of the notes
This is a must-have link for many for whom stickcricket, orkut, gmail, cricinfo etc. are blocked. The best part is that Rs.10 note is at a difficulty level of a novice while Rs.1000 note at 'insane' level.
This is a must-have link for many for whom stickcricket, orkut, gmail, cricinfo etc. are blocked. The best part is that Rs.10 note is at a difficulty level of a novice while Rs.1000 note at 'insane' level.
Tuesday, October 28, 2008
Monday, October 27, 2008
Saturday, October 25, 2008
Beware!
This is the sign board inside one of the costliest corporate premises in Delhi. I appreciate how sensitive people here are!
Wednesday, October 22, 2008
55000
This is not some arbit number of a stock index or the percentage returns an arbit hedge fund manager attained in the last year and who has quit now citing how stupid the passouts of the Harvards and the Whartons were in terms of credit derivatives.
This is the number of autos that can ply in the city of Delhi.
One thing that strikes me first as the umbilical cord of a just born baby is that it is supposed to limit the jams (hey is this Victorian English?!) in the awesome metro of the superb capital of the majestic country of egalitarian India. I just could not stop laughing at the moronness (just like the word 'awesomeness' discovered by the makers of the movie Kung fu Panda) of the planners, one disgruntled middle class guy who when exposed to the stale shake-of-the-head from auto drivers who hardly have anything inside their heads will more often than not end up buying that faithful Maruti 800 which to his mind must be running from one end of eternity to another. The dumbness of the planners is more dumber than the Delhi Police who insist on running autos on meter when the auto wallas simply treat you like dirt in sewage.
This is the number of autos that can ply in the city of Delhi.
One thing that strikes me first as the umbilical cord of a just born baby is that it is supposed to limit the jams (hey is this Victorian English?!) in the awesome metro of the superb capital of the majestic country of egalitarian India. I just could not stop laughing at the moronness (just like the word 'awesomeness' discovered by the makers of the movie Kung fu Panda) of the planners, one disgruntled middle class guy who when exposed to the stale shake-of-the-head from auto drivers who hardly have anything inside their heads will more often than not end up buying that faithful Maruti 800 which to his mind must be running from one end of eternity to another. The dumbness of the planners is more dumber than the Delhi Police who insist on running autos on meter when the auto wallas simply treat you like dirt in sewage.
Monday, October 06, 2008
Cash is King
It is absurdly late for a post on the topic, but still I am an earnest believer of 'better late than never'. All those enthusiastic dabblers and knowledgeable charlatans in the capital markets it is better to keep your money 'safely' (stress here) put in Fixed Deposits and the like. I expect the current interest rates to be the peak in the immediate future, so you can lock in a nice premium if you enter into the 10% fixed deposits which are currently in the market. I expect the worldwide credit crisis to trigger a wave of liquidity infusing strategy across central banks - the same might be followed by RBI and the interest rates can be expected to drop. Keep your money safe and at the same time earn more by entering into fixed deposits NOW.
Wednesday, September 24, 2008
Politiquote 3
Heard on Jaya TV News:
Minority DMK Government supported Union Government's finance minister Chidambaram is misleading the country on.....
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the collapse of US banks, said D Raja of CPI.
Heights of joblessness!!!
Wednesday, August 27, 2008
How things turn out!
I have read in books, seen in mundane Tamil movies the way in which events turn up making you think you live a life which is akin to pseudo-fiction. You yearn for your desires, dreams and destiny (3D!); sometimes with bullish optimism, sometimes with a thrust filled with desperation and some other times fearfully. But you yearn. Some people do not stop at yearning, they start to work their way towards their 3Ds; at least they start. They try. Some times, they might also fail, the probability of which is immaterial as they ‘do try’. There is a famous saying in Tamil which goes “Muyarchi udaiyaar igazhchi adaiyaar”, meaning “those who keep trying, don’t fail”. But there are certain things in life which you better don’t keep on trying and perhaps move on to the next. The idea also resonates with personal life.
It is the worst when you have accepted the defeat, get accustomed to things other than your original 3Ds, begin to design your new 3Ds in place and suddenly things turn out so weirdly that your very own defeats are re-surfacing on their own, asking you to ‘assume’ that you have won and then continue to enquire about how you feel about the success; the monkey the human mind is, you doubt whether the defeat earlier was a prank; but gradually it is confirmed that it was not a prank and they were indeed defeats and now you just have to assume and answer and most importantly keep quiet!
It is the worst when you have accepted the defeat, get accustomed to things other than your original 3Ds, begin to design your new 3Ds in place and suddenly things turn out so weirdly that your very own defeats are re-surfacing on their own, asking you to ‘assume’ that you have won and then continue to enquire about how you feel about the success; the monkey the human mind is, you doubt whether the defeat earlier was a prank; but gradually it is confirmed that it was not a prank and they were indeed defeats and now you just have to assume and answer and most importantly keep quiet!
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