Archive for the ‘My views on India’ Category

Forbes list of Billionaires

March 11, 2010

Forbes list of Billionaires was out on March 10, 2010

What is interesting this time?

Bill Gates moves to No 2 making way for Carlos Slim of Mexico (Telecom tycoon)

Larry Ellison of Oracle (6th), Google founders Sergey Brin & Larry Page (24th), Amazon founder Jeff Bezos (43rd). Apple founder Steve Jobs (136th) and Facebook founder Mark Zuckerberg (212th) are the IT guys who make it to the list

Two Indians make it to the “Top 10″ – Mukesh Ambani (4th) and Lakshmi Mittal (5th)

Asia, South America and Eastern Europe are slowly entering this list dominated by USA and Western Europe!

USA (22), Swede (3), Germany (3), France (2), Spain (1), Canada (1), Italy (1), Hong Kong (2) and Saudi (1) represent the “old rich“; India (6), Russia (4), Brazil (2), Malaysia (1) and Mexico (1) represent the “Neo Rich” among the “Top 50

In the “Top 5″ India has 2!

Mukesh Ambani (4th), Lakshmi Mittal (5th), Premji (28th), Anil Ambani (36th), Ruias (40th) and Jindal (44th) are the Indians in “Top 50″

Interesting times indeed!

My take on Karnataka Budget 2010

March 5, 2010

Karnataka 2010 budget was presented today AN

It was nice to see Education getting the highest allocation (Rs 10,000+ Crores)

The vision of “Education for All” up to 10th Standard and 25% Enrolment for College Education should be translated real fast into reality within 3-5 years

I liked the Rs 100 Crores School Development Fund

Of course there are many sub-critical funding – particularly for Universities. I do hope that at least in the next budget some bold and significant initiatives get announced.

Overall it is a good budget

My take on Budget 2010

February 27, 2010

Finance Minister Pranab Mukherjee presented the Union Budget for 2010-2011 (April to March) on February 26, 2010

Things I liked most

1 Symbol for Indian Rupee, I always wondered as to why UK Pound , US Dollar, European Euro, Japanese Yen had a symbol but not Indian Rupee; finally, before the end of 2010 there will be a symbol for INR! To me it is the biggest contribution of Budget 2010

2 PSU undertakings are doing great; it is time that they get listed; in the process there will be more accountability and people (retail investors) will benefit. Being on the Board of Bank of India, NMDC, BEL, NLC I particularly feel happy that Finance Minister is talking proudly about the recent NTPC, REC and the planned NMDC divestment

3 Capital infusion into PSU banks Rs 16,500 Crores to enable all Banks to get Tier I capital

4 Increase in outlay for School Education by another Rs 5,000 crores beyond Rs 26,000 Crores provided last year; higher education did not find any mention though!

5 Skill Development Mission of touching 500 million Indians by 2022 is a noble goal (In fact I am the Chair of one Sub-committees of the five Committees set up by the Planning Commission); the budget allotted some more money though not much!

6  Technology Advisory Group for UID Project gets created and the project gets additional budgetary support

7 R & D investment get 200% tax concession (up from 150%) and University funding gets 175% tax concession from 125%; good for scientific establishment (specially biotech industry R & D);

8 Mobile phone assembly units get duty exemption / reduction; low cost mobile handsets will cost less! Good for aam admi

NEN E-Week Finale on February 13, 2010

February 14, 2010

NEN (National Entrepreneurship Network) of Wadhwani Foundation had arranged a week-long “E-week” (Entrepreneurship week) throughout the country.

The finale was at Jyoti Nivas College in Koramangala today.

It is the 5th year of NEN. There were 2,500 students from Delhi, Jaipur, Indore, Calcutta, Hyderabad, Chennai, Pune, Coimbatore, Mysore and Bangalore. Their energy levels were so high that one could not resist to comment that “it was sufficient to run the City of Bangalore!”

Laura Parkin the ED of NEN was at her elements; landing from Boston just 24 hours back she was not just awake but full of energy too.

Madan Padaki, Founder & CEO, MeritTrack narrated his experiences very candidly; his interaction with family, VCs, friends, clients and the amazing growth story must have been the right inputs to the budding entrepreneurs.

I spoke about the changed India, the changed world particularly when it came to perceptions on India, entrepreneurship providing an opportunity to change comparable to what Mahatma Gandhi could do to India, the need to get 300 million Indians above poverty line, making a difference to them, the “tough times” of not only Madan Padaki but even giants like Infosys Founders and Google Founders in their early days, the spirit of “do not give up easily”; and, finally, set the goal of one million participants in 2012 compared to 400,000 in 2010!

Mr Mittal from DST narrated the story of an entrepreneur using “deaf & dumb” employees to increase his “home security” business in a residential locality in Delhi. It was just amazing.

With several dances thrown in it was party time too!

An enjoyable evening indeed

Udaipur is indeed a city of lakes

February 8, 2010

One hears about Udaipur, particularly senior friends from USA and Western Europe, who manage to visit Udaipur more than many of us in India.

So when I visited Udaipur during Feb 4-7, 2010 I was almost “shocked” in a positive way – how the different elements of tourism – hotels, places of interest, historic monuments, shopping places and the city – can come together to offer a “wholesome pleasant experience”.

The hotels are fantastic (of course quite expensive), the service is outstanding. In fact Oberoi Udaivilas was rated No 1 in the world by “Travel + Leisure” Magazine in 2007. Many of the “palaces” have been re-positioned (in fact re-created) and managed not by “Government Tourism Departments” but by first rate tourist operators. Even the shops seem to have learnt that “pestering” puts off people and by giving a wide choice to the customers, you win in the long run. The City Administration must be complimented for maintaining the city and the lakes clean and most of the roads without gaping potholes.

In all Udaipur seems to have got it right. One hopes that they manage the water supply to the lakes in  sustainable manner; if the lakes dry up Udaipur tourism will dry up too!

Elevated Highway continues to give “free ride”

February 1, 2010

The much awaited “elevated highway” between Silk Board Junction to Electronic City was formally opened on January 22, 2010.

It was a pleasant ride that took less than 10 minutes to cover the 10 km distance which earlier used to take more than an hour.

We were told that the “toll” will be collected from today (February 1); to my pleasant surprise I got a free ride today also!

One hopes to get the free ride until the day of the budget (Feb 26)!

It may be note that this elevated highway was one of the firsts to be planned in the country (Hyderabad started late and inaugurated earlier; Chennai I understand is building one)

The importance of Infosys Prize

January 4, 2010

On February 4, 2009, Infosys Chairman & Chief Mentor NR Narayana Murthy announced the establishment of Infosys Science Foundation that had endowed five Science Prizes of Rs 50 Lakh each (more than $ 100,000) in the areas of

  1. Engineering Sciences, including Computer Science
  2. Mathematical Sciences
  3. Economic Sciences
  4. Biological Sciences, and,
  5. Social Sciences, including History

An international jury of eminent scientists decided the winners for the year 2009. The chairpersons of the jury include

  1. Nobel Laureate Professor Amartya Sen of Harvard Professor for Social Sciences
  2. Professor Shrinivas Kulkarni of California Institute of Technology (Caltech) for Physical Sciences
  3. Engineering Dean Professor Subra Suresh of MIT for Engineering Sciences
  4. Abel Prize winner Professor Srinivasa SR Varadhan of Courant Institute (NYU) for Mathematical Sciences, and,
  5. Professor Inder Verma of Salk Institute for Life Sciences

The announcement of the winners for 2009 was made at Infosys campus in Bangalore on November 30, 2009.

The winners are

  1. Professor Abhijit Banerjee of MIT (Poverty Lab) and Professor Upinder Singh of Delhi University in the areas of Economics and History respectively
  2. Professor Thanu Padmanabhan of Inter University Center for Astronomy & Astrophysics (IUCAA), Pune for Physical Sciences
  3. Professor Ashoke Sen of Harish Chandra Institute, Allahabad for Mathematical Sciences, and,
  4. Professor K VijayRaghavan of National Center for Biological Sciences (NCBS), Bangalore for Biological Sciences.

No winners were selected in the area of Engineering Sciences.

A pure coincidence, the prizes reach all parts of India – North, East, West and South. Two of the winners (Professors Ashoke Sen and K VijayRaghavan) are IIT Kanpur alumni; in fact, Professor VijayRaghavan did his B Tech & M Tech degrees in Chemical Engineering

The actual prize distribution happens in Delhi today (January 4, 2010)

What is special about Infosys Prize?

For the past two decades, most youngsters were ‘lured into’ computing & IT, thanks to lucrative jobs, career growth and other creature comforts, including global postings/offerings. During this period most youngsters aspired to do an engineering degree, preferably in the “circuit” branch – Computer Science, Electronics, Telecom, Information Technology – so that they have a fair chance of getting into IT industry. No doubt, IT industry created nearly 2 million jobs in the past two decades. The IT companies made the jobs more attractive through the right messages and follow up action – recruitment at the third year itself, good salary, fast promotion, swanky campuses, start up bonus, employee stock option, and other benefits including gym, food court, bank, shopping, transport to different parts of the city etc. The movement was unstoppable, till the recent slow-down, job loss, Satyam Saga etc. It even became a social phenomenon – parents preferring prospective sons-in-law from IT industry! In the process, scientific establishments had suffered. Laboratories such as CSIR, DRDO, ISRO, DAE and public sector R&D oriented organizations like BEL, ECIL, HAL, C-DAC, C-DOT could not attract the best talent. Most universities and colleges could not attract talented youngsters for teaching. IT industry even came for undue flak from scientific community for damaging the scientific infrastructure of the country!

It is this context the establishment of Infosys Science Prize is commendable.

  • It is a positive answer to the undue criticism
  • The prize amounts are substantially large; the largest Science Prize in India today is Rs 5 Lakhs and Infosys prize is 10 times larger!
  • The corpus for this Prize does not come from Infosys Corporation alone; many of the key individuals (Infosys co-founders who are trustees of the Infosys Science Foundation) have individually contributed to the initial fund and Infosys is expected to contribute a small percentage of the profit in future years.
  • The Prize recognizes outstanding contributions to scientific research in India. It is not limited to Indians alone, but much of the work is expected to be done in India. In fact, this year’s Prize winner Professor Abhijit Banerjee teaches in MIT, USA but did extensive field work in India. Not all jury members are Indians.
  • The Foundation itself does not influence the choice of winners. The selection is by an international jury; the first jury chairmen are such outstanding individuals, that the prize gets a stature comparable to Nobel prize.
  • This act is beyond CSR (Corporate Social Responsibility) initiative of many corporations. Infosys does not directly gain in anyway.
  • It may be noted that in its Silver Jubilee year (25th year) Infosys instituted a global award for Computer Science – ACM Infosys Foundation Award ($ 150,000). The Awards in 2008 and 2009 went to Prof Daphne Koller of Stanford University and Prof Jon Kleinberg of Cornell University respectively. Infosys along with NIAS instituted a Prize for Mathematics in 2008; the award went to Prof Manindra Agarwal of CS Department of IIT Kanpur. This award will merge into Infosys Science Prize from now on.
  • The award ceremony was to be presided over by the Prime Minister Dr Manmohan Singh, Keeping the highest standard of probity in public life the erudite Prime Minister has declined when he came to know that one of the winners is his daughter. Vice President Mohammad Hamid Ansari will be distributing the awards today.

According to the Foundations’ website

“The Infosys Prize endeavors to elevate the prestige of scientific research in India and inspire young Indians to choose a vocation in scientific research”

In the words of Infosys Founder N R Narayana Murthy

“India needs bright minds in academia, government, business, military and society to strive for global excellence. It is academia that provides bright minds for all other areas in any society. Research is an important dimension of excellence in academia. This award honors outstanding researchers who will make a difference to India’s future”

Thanks to 6th Pay Commission the relative unattractiveness of teaching / research jobs has come down. Prizes like Infosys Prize will restore the prestige associated with academic jobs in the minds of youngsters. Hopefully scientific establishments and academic institutions will make organizational changes also to make their places welcome for bright youngsters; and, some of the youngsters will be future winners of Infosys Prize and Nobel Prize in the decades to come.

Tata Prima World Truck

January 2, 2010

It was nice to see a full page Ad in the newspapers announcing the arrival of Tata Truck “Prima” which is truly a world truck

  • Italian design
  • American, European and Korean engines
  • Mexican chassis
  • Japanese & Korean sheet meatl dies
  • German & American gearboxes
  • Swedish fabrication

Nice to see Tats emerging as a true MNC and world leader

They are already in Top 3 in Steel, Bus & Trucks; may be one day in car too

TCS is already in top 10

You feel proud as an Indian

Look up www.prima.tatamotors.com

Bill Gates receives Indira Gandhi Peace Prize 2007

July 26, 2009

On Saturday July 25, 2009, Indian President Pratibha Patil handed over the Indira Gandhi Prize for Peace (2007) to Bill & Melinda Gates Foundation at an impressive ceremony in Delhi.

The prize was received by the  Chairman of the Foundation Mr Bill Gates, the legendary Chairman of the hugely successful Microsoft Corporation. 

Speaking on the occassion, Prime Minister Dr Manmohan Singh mentioned that among the 23 receipients of the Prize, it is the first time a business leader is receiving the prize; he also talked of the transition the visionary leader has undergone –  from a CEO of a hugely profitable company (currently with an annual turnover in excess of $ 60 billion) to a leader with a missionary zeal to wipe out the poverty particularly among under-developed countries; and, the goal of the Foundation - to provide equal opportunities to the children of the under-developed countries at the same level that children in developing countries enjoy – something as futuristic as the vision of Mr Bill Gates way back in 1976 when he co-founded Microsoft – to put a computer in every desktop!

Tata Nano reaches the end customers

July 17, 2009

Tata Motors delivered its first Nano car in Mumbai.

Ashok Raghunath Vichare, Ashish Balakrishnan and Kores India Limited were the first three “lucky owners” of the world’s most affordable car. The keys were handed over by Mr Ratan Tata himself 

The cars rolled out of Pantnagar Plant in Uttar Pradesh