First Experience at SNU

"Where is the real college?" was the thought occurred to me on the first sight of the college.Dissatisfaction,guilt,Sadness enveloped me seeing those tiny buildings with the tag "SHIV NADAR UNIVERSITY"."Have I been fooled?,No definitely not!"Though i realized the latter later.The hostel was quiet bigger than the academic blog itself!

                                              My hostel a month back!


Entering a wrong room at the first day of your college is quiet common,but its not when you have the room number.Its quiet embarrassing too.That's exactly what I did!Entered a room in the third floor(303) instead of second(203).It has improved tremendously(I am talking about the buildings here.!).Now we have a 55inch LED TV installed at our hostel and a Hi-Tech gymnasium and a common play room.We had regular visits by Roshini Nadar and visits by Baichung Bhutia.(woow!! thats cool isn't it?)

With Bhutia

 The days passed by.Got good and great friends!! Life's good! Soon we are expecting a visit from Former President A.P.G.Abdul Kalam.Leader's those days fought for our freedom.But are we really enjoying it? I ,in Snu,can say that i am really enjoyin it here!!E

Football league clubs heading for precipice:??

A Summary of  what PFA chief executive said!

Gordon Taylor the PFA chief executive, told the inquiry two thirds of the 92 clubs have had financial difficulties. 

The chairman of the Football League, Greg Clarke, has said government intervention may be inevitable if the sport "doesn't get its house in order", also warning that the level of debt carried by clubs is "unsustainable".

Appearing before a parliamentary select committee on football governance, Clarke warned that clubs are heading for "a precipice". More than 30 Football League clubs have been in administration during the past decade and Clarke has repeatedly warned that more will follow unless urgent changes are made.

"Debt's the biggest problem. If I had to list the 10 things about football that keep me awake at night, it would be debt one to 10. The level of debt is absolutely unsustainable," he said. "We are heading for the precipice and we will get there quicker than people think."

The Football League has set up working parties to investigate all three of its divisions and will publish a five-year plan aimed at improving the finances and running of its 72 clubs. Clarke said: "We will hope to catalyse change. We will share it with our chairmen and say: 'This is where you are going unless you change now.'"

Clarke, who succeeded Lord Mawhinney as chairman last year, said that as part of the review process the League would also look again at the football creditors' rule that means debts to other clubs and players receive priority when a club has financial difficulties.

"I came in to this job thinking the football creditors' rule was an outrage," Clarke said, but he added that he now believes it to be the "least worst" option. But under further questioning from MPs on the culture, media and sport select committee, he said: "I can't construct an argument that allows me to defend the morality of football creditors. We are looking for a more palatable alternative."

Clarke also backed calls for independent directors to be added to the FA's board, saying it was a move he believed that the recently appointed FA chairman, David Bernstein, would back.

"I would be amazed if he doesn't drive hard for independent directors – he comes from a background where it's normal to have independent directors," Clarke said. "And he will have our support."

Bernstein said on his appointment that he would back "sensible, progressive reform". Clarke said the Football League had been "very forceful with our opinion that they need independent directors". He added: "I have sat down with the chairman of the FA and pledged our support for independent directors."

Clarke repeated fears that Premier League plans to overhaul the youth development system – which would see clubs compensated according to current Fifa rates rather than by a tribunal – would also have a potentially catastrophic effect for Football League clubs.

"It could seriously prejudice the finances of smaller clubs. Should they become less and less profitable, they won't be able to afford youth development," he said.

Gordon Taylor, the chief executive of the Professional Footballers' Association, told the inquiry that two thirds of the 92 league clubs had been in financial difficulties. "The game has never had more income but on the other hand has never had more debt," he said.

BLOOMING VISION

Me and my Sister did a little research and ofcourse it should have been tagged as Naren's work! As it was mine really!

The world has witnessed slowdown in the economic activities since September 2008.  Some call it as meltdown, some call it as recession and some call it as downturn.  IMF predicts the total projected losses from the global financial crisis would be $ 1.4 trillion.  It also suggests that a whopping additional investment of $ 1.1 trillion is required to arrest these losses.  The consequential job losses and shrinking of economy in many countries including India, also creates flutter among the common man. Huge amounts of bail-outs and consequential protectionisms announced by the US and respective Governments  has  created  a serious  oppositions among the nations.    This has resulted in opening up of a new chapter in the discussion on the ongoing financial crisis. 

The world has witnessed 4 major crisis in 1890, 1930, 1970 and 2009 respectively. Among these four 1930 crisis was a severe one and it was called as great depression. But Today’s ongoing financial crisis is equated with the world’s great depression in 1930’s. In   all   these crisis we witnessed a sudden slump in economic activity and loss in purchasing power of the people.  After 1970 crisis the world has witnessed a new dimension of economic activity.  Before 1970’s the world economy grew consequential growth in the manufacturing sector. But after 1970 the political economy of this phase was marked by the ascendancy of finance capital as a supranational entity.

Financial deregulation within the countries and liberalization of cross-border capital flows enabled the emergence of an international finance capital, which not only divorced itself to a large extent from the specific countries of its origin but also from the sphere of commodity production, i.e. the real economy.  Rather than seeking profits through the process of capital accumulation; i.e. capital investment in commodity production and earning profits through the appropriation of surplus value of workers in the production process; finance capital increasingly sought to make profits through short-term capital gains by indulging in speculation over various kinds of assets. Besides conventional banking undergoing a change with the emergence of new kinds of banks (investment banks), a host of new “institutional investors” like mutual funds, pension funds, hedge funds, etc., gradually came into being, which specialized in mobilizing savings and speculating over assets, making enormous profits through capital gains in the process. World economy since the 1970s, i.e., the process of globalisation, has mainly been driven by financial liberalization.  This  financialisation imparted a short-termist character to capital, whereby  it became increasingly unwilling to be locked into long-term investment projects.  It is estimated that the financial capital available in the market is 72 times higher than what is required to meet today’s entire world’s requirement. 

            In the market driven economy where finance capital  rules the roast, the economies of many countries have grown.  A sudden spurt in the consumer durables and service sector has created job opportunities in many countries.  This also paved way for some economic activities of many countries. All these gives a gloomy picture about the world economy. But all of a sudden the financial crisis originated from US has wiped out many economies and destroyed the nations.  A serious introspection required to know where the real market has gone?  What are all the  Policy decisions to be taken?

Slowdown or downturn or recession is inevitable in a  market driven economy.  During the past the world has witnessed unhindered Government intervention after the slowdown or recession. In a market economy the market is limited to a small segment of population which has got the purchasing power.   Moreover   in a market driven economy creation of market is taking place at a very very slow pace only.  The  economic  activities   shrink within this segment.   Any sudden erosion in economic activity will play havoc in the life and living of the people.  To   safeguard the interests of the market and the people we could draw some lessons from the experiences of our nation. In the background of heavy damage to the developed countries, the loss and damage to our country is minimal.

 Three main features have played a role of safety net.  First and foremost is NREGA (National Rural Employment Guarantee Act). Because of the implementation of this scheme somehow or other the purchasing power of the people has increased.  Karnataka, Punjab, Jharkand, Kerala and some states   witnessed a increase in the minimum wages of agricultural labourers.  This scheme also restricts migration of labour force from the rural areas.  Both of this has helped the economy to register a moderate growth.  This has arrested the loss that would have arisen due to the ongoing crisis.

Secondly, the role played by our public sector industries in ensuring the smooth running of our economy. On one hand it provides permanent purchasing power to its work force.  On the other hand it provides adequate financial cover to the government of India to ensure money flow  in the market. Recent achievement of our Financial Behemoth Life Insurance Corporation of India is a shining example.  Even in the turbulence days, within a short span of time it collected nearly 10,000 crores of rupees from the public by way of Jeevan Astha Policies.  At the initial period of this crisis LIC had invested a huge sum into market by purchasing debentures with higher percentage of returns.  It has not kept the entire proceed benefits for its kitty, rather it prefered to transfer the entire benefits to the thousands and thousands of ordinary small investors of this nation true to its tradition.  This also helped the nation to collect a decent volume of money for the nation building exercise.  It also helped the economy to move further.

Thirdly safety cover provided by our financial system has saved the nation from the horrible collapse of the economy.  Though many of the segments are thrown open  to foreign players the predominance of state still holds the breather.  This has provided sufficient stimulus to the economy. 

All these things are underlying one important vision.  To Protect the Market, the duty of the state is to ensure that the  more and more new segment of people are turned as a meaningful market.  Towards that direction  the policies are to be drawn and implemented.  Can we have a space for that.  Will the saner council prevail?

My best experience!!!

This is my first post.So i may not be that good at forming sentences.
This is one of my best experience i have ever met with!!

It was a rainy Sunday afternoon.I was hanging around with my friends.Actually we had a plan to stay at Emerold(a place about 10kms from Ooty) ( sequel of plan1!).Before that had certain things to do.

1. Take a ride from Ooty by bus to Emerold.
2. Inform my parents about my plan.(the hardest part!!)

I was listening to Akon's track from my player and now could hear my mobile ringing (Bang!Bang!).It was my mom calling from her office and i took this chance to inform her about the new plan!! Got her "approval" and was happily riding down to Emerold.

5 isn't a huge number. So the arrangements for the night stay was made without much problems.We stayed in a estate house.To the back of it was dark( i was sure it must be a forest kinda). We reached there by 7.00 p.m and could hear only the trees, waving good night to the people there and dogs barking asking the trees to reduce the noise.We had our dinner, made ourselves ready for a good night sleep.

Like the idea which bursted in the mind of Newton ,while sleeping, suddenly i had an idea in my mind." Why shouldnt we go for a walk?".My friends nodded positive and we were walking into the forest back to the estate house. The moon was shining and was the only thing which helped us to watch each others face."How foolish we are to come this far without a Torch light?" muttered one. "At least i bought my snacks !!" said another one making everyone comfortable with a laugh. The walk was nearly like the program "WALK THE TALK" featured in NDTV 24x7.

Now, the walk was for about 20 min and for about 5 min from now everyone became silent(I was surprised!! Silence sometimes make me sick!) . And it was 5 min later i realized that i lost ma way and i am heading away from them.I shouted their name but in vain.
I moved forward with a little courage trying to suppress my fear!."i look a fright,"i muttered. Suddenly a thud!!! I was rolling!!!.A tree halted my motion(i was literally suffering in pain!!)

From my pocket i took out the comb i had insisted on bringing and carefully restyled my hair.Then i continued the search for others.I told myself that they'd probably gone outside already.At a distance i could hear a dog howl( dog howl?? its surprised me!! who knows?)and could see moon light.i ran to that place."Wow! oh,wow!". I couldn't believe what i am seeing.It was a pond.Or at least,the water was sparkling all around me under the crescent moon.

I again tried my luck by calling out my friends name!There was no answer. Again i went back to the tree which halted me and lied there.happening to see my watch it was 2:15 a.m.I was about to make a move but my legs wont let me go!! So i gave them some rest and continued walking( 'The longest walk i ever had!")

Felt like sleeping but my fear wont let me do that.So i decided to do something. Suddenly i could hear someone (or something!) speaking gibberish. I hid myself behind a large tree and slowly peeped to see who(or what) it was? To my relief it was just an OWL making that kind of noise trying to do something!. i thought to consult my watch again.I think Time was in a haste. It was 3:45 a.m. I have to do something. I have to kill time somehow till morning.The best way to kill time is sleeping and i just did that.

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

I woke up in the morning to see myself lying near a raft!!Tourists could be seen at about 230 meters away from me.Among the tourists were my friends searching for me.Finally finding me here they were happy.Happiness could be seen on their faces( and of course hunger on mine!!) .

From them i learnt that they haven't slept the whole night searching for me.I couldn't control my laughter.( You know why? I am the one who should have lost sleep).