Wednesday, November 5, 2008

Teacher: Trainer or Maker of Nation

I have plan to raise the morale of school teachers for doing more justice to his job. I wish they should realize the tremendous power vested in their profession. They are most powerful class who make nations.

Chanakya, two thousand years ago, proclaimed that teachers have power to make the king and the kingdom. They possess destructive as well as constructive power. He was such a powerful person who had not only spoken but also executed by toppling the rein of King Nanda for freeing the contemporary society from his atrocities and instated a new king for the prosperity of the society. On those days, India was divided in different territories and ruled by different kings independently. They are fighting among each other for demonstrating their power which made defeated king jealous and left them burning for revenge. All the people of this country, irrespective of their rulers are connected by same culture. Kings under the fire of jealousy forgot this fact and invited or assisted foreign rulers to attack on other kings. Such scenario felicitated the victory of Alexander at some parts of country who killed innocent people at mass scale. Chanakya was deeply disappointed by such nonsense behaviour and took oath to free the country and unite the country under one king. He quoted," A country can not be enslaved until his culture is intact". He taught lesson of nationality among the youth and showed the way they should act upon. These students sacrificed their life silently. These sacrifices didn't go in vain but aroused the idle soul of people who later toppled the governments and united themselves under one king, Samrat Chadragupt Maurya.

This was not the single story. Krishna was the ancient Guru who still guide us for taking right decision. Tulsidas, Raja Ram Mohan Roy, Sikh Gurus etc. are the real teachers who did a lot for making this nation. Hitler, Subhash Chandra Bose all took inspiration from their teachers. Sri sri Ravishankar, Mata Amritamayii and some persons in society who are also playing the role of gurus and trying to inculcate culture among people.

Today we have teachers who are merely a trainers, who train us for making our own lives rather inspiring us for shaping our fate which are not only useful for us but also for the society enriching our culture more and more. God creates this earth and other things. Gurus prepare a cultured person who makes the society a beautiful place to live. This is the reason why gurus are worshiped before God is worshiped.

Let us see current situation of some system. In Javahar Navodaya Vidyalaya teachers with their families are supposed to stay in school campus with students. They are provided all the facilities in the school itself. This is nothing but modern replication of Gurukul Paddhati. But the outcome is not at per what it was expected. Such a situation has developed that in spite of focusing for the betterment of nation by nurturing students, incorporating them with culture and sense of service and making them a good cultured person, all are specially teachers are spending their time always repenting for some bad governance. Teachers are complaining about the faulty system that they have to work for whole day but they are paid the same what the teachers of day schools are paid. They have to watch and handle all kinds of affair of the students, which distracts them from focusing on teaching and leave them with little time to prepare the lecture and teaching material for effective lecture in the class. I agree about the grievances of teachers. The pain, the sense of alienation and injustice they are going through must be noticed and taken care of which is not happening yet. Do that mean, teacher should stop their work, do they stop their godly job of making responsible citizens. Can such actions will help anyone? Absolutely not. But that will make the situation even worse. If they are realizing that there are problems, wrong done, injustice and they also strongly think that those miscreants, problems must be eliminated, faulty rules must be rectified and modified then they have to work with some motive. They have to work hard on the students as a mission and have to prepare them fighting against all miscreants so that in future others have not to face the problems. Building a good society takes time, selfless service and devotion for achieving goal. If we have determination then we can do without any formal resources.

See if all the teachers would have worked hard, if they would have some vision, if they would have suffered for national cause, then after the end of 20 years of establishment of 500 hundred navodaya vidyalayas across the country would have produced a pool of sensible engineers, doctors, IAS officers and other professionals who would have taken steps for changing the nation.

So I have some word for the teachers that you have already lost so many years, please be careful and develop some vision, work as a mission and imparts all those social sense among the students and make them able to achieve their goal which will help in developing beautiful society. If religious organization, if terrorist organization can sacrifice why not you for the sake of making a rational society.






Martin Luther King started raising his voice, he died along with many able persons for cause, for bringing equality, for evaporating hatred from a section of people against other sections of people. His death, his sacrifices didn't go in vain. Today the victory of Barack Obama is the symbol of the result for which those people fight and died. Nana Palkhiwala told strongly, "Keep your head and spirits high and carry the fight right up to the doorsteps of death- for death can only destroy the body- not your spirit".




Monday, November 3, 2008

Dilip Kelkar's Lecture On Financial Crisis In SOM


In my IIT life, it was the first occasion when I or probably everyone got chance to attend a lecture delivered in Hindi. The lecture was lucid, clear, scintillating, and informative embedded with visionary ideas. Till now it was unimaginable that a lecture could be delivered in Hindi with complete authority over the subject in such a premium institute of India. But this happened today. Above all, all have perceived ideas conveyed by the lecturer even they have not any formal education in Hindi since his KG days. It is really irony we are staying in such a country, where people can’t expect a lecture it its national language. Communication is the tool which makes friend foes. Now if we are not taught in our own culture how we can expect that product of such institute should think about the nation, welfare for all.

In IIT, every year the team of faculty monitoring the performance of students noticed students who did not do well in their tests are those who either didn't do hard work or are poor in English. We all are in habit of wasting our energy in learning languages, which is not needed as that much of time could have been invested in more productive work. There is need of only a few who should concentrate on other language for translating the subject matter written in other languages. A person will always imagine better and clear in his own mother tongue.

Anyway these are some dilemma which has to be handled in more indigenous manner. A lot can be thought, discussed over this matter. But for the time being let us move on the lesson conveyed by the lecturer to the students of management school. The topic of lecture was the current financial break down.

The lecturer divided his thought in three parts. First he focused on dollar economy. How dollar turned into the means of exchange in global arena. It is means of exchange in international market. All nations of the world are forced to convert their money in terms of dollar. So what was the story of Dollar?

Due to special geographical location, the United States was not involved in the war directly until the attack on Pearl Harbor by Japan which happened almost at the end of the Second World War. During those periods all the countries are buying arms from this America. A sense of insecurity came in the mind of people. They thought the USA would not be affected by the ripples of war. So they start depositing their gold in the bank of America in return of bond. It was told that due to flow of gold, a huge quantity of gold was accumulated there. It was estimated that if all the gold is spread over the surface of the earth, then it will be a cover of three-four inches.


After the war was over, European companies started taking their gold. There was another change in the gold market in sixties. The price of gold in market was doubled than the price at which American bank was selling. People started buying gold and they sold all that in market and earned money to buy even more money and the cycle started. President Nixon checked this movement by making dollar equivalent to dollar. Now other countries will buy dollar rather gold. Almost all the countries were forced to accept that movement. The reason behind is that the economy was very strong as they are saving a lot. Their industrial development was on rise. Vietnam War has crippled the American Economy and that compelled America to rob other countries by showing her muscle power. She collected billions of dollars from Kuwait, Saudi Arabia and even from Japan who was not related to the war at all.

All such movement and conman activities raised the confidence of people of America. Slowly they started drifting towards consumerism. After the Newyork stock exchange attack, the president bush was confused and called people for shop for nation. Even they don’t require they were inspired for buying showing their concern for betterment of their country. Bernanke who was the president of federal system of America told that people who have no confidence, will power are saving. This fired the sense of consuming more and more and in this way America started taking loan from all over world which amount touched to $ 112 billion.

Federal system is the most independent system of America which takes decision for the country and desires measures to be followed by the government. This is not a bank but a group of bank in which Bank of Newyork is the prime bank and plays the major and decisive role. The irony is that president of this system is elected by President but he has to power to remove that. For removing them, court has only power on various restricted ground. So the irony is that in America, economy which is backbone for any nation is controlled by a few people who are not controlled by anyone.

At last consumerism increased at such a level that people are burdened by heavy loans. Now they started defaulting. That made all the assets associated with them idle. Companies didn’t show this fact in their annual income account which was finally revealed. This causes sudden collapse of investment world. The balloon was blown and finally it squeezed to take its own shape. Bear Stearn was the first which was finally bought by JP Morgan. America took over Freddy Mac & Fannie Mae. On 6 September, 2008 America nationalized the world largest insurance company, American International Group, Ins. (AIG). On 15 September, Lehman Brothers declared bankrupt itself which was the major blow to the investment world. The panic was further added by the sell of another giant Merrill Lynch. The group was lucky enough as American Bank came forward to acquire the company.

It is better to give some more light on layman terms what exactly happens which caused the final blow of US economy. Due to consumerism, the demand of everything increased which cause rise in price. Due to speculation, banks started issuing loans at lower terms without holding any collateral. Due to increased demand leading to increase in price made banks confident enough that even the borrower would default they would make benefit buy selling the asset acquired by the borrowers. Now what followed next? See if a company gives a loan at terms of some fixed interest i, then that becomes a constant source of income. All the companies want a constant source of income. Now say company X approaches to the bank and offered them compensation calculated based on higher interest rate (i+e) what actually they are making. Any other company will now approach to this company and will make such deal. In this money is transferring from one hand to another hand. Investment banks are doing this intermediary job. The loan given on almost without no term are called subprime loan. Now the burden of loan increases on borrowers. They start making default which will cause loss to the company holding the money. Now the number of defaulter increases causing the losses to increase further. This ultimately causes the prices of assets go down as more and more people will sell their asset in market. Lehman Brothers was marred by such scene because they had invested tremendous fund in assets.

Finally the lecture of the Dilip Kelkar was to be over. He gave an insight to the students to think independently in spite of just copying the west. He told please study the lesson already given by the great scholars of India for the welfare of not only India but also the world and see them in the light of modern scenario and formulate mechanism which will be indigenous with independent thought and would fruitful for all.

He told that Yugoslavia thought differently and prospered. He given the name of an economist who helped brought out Yugoslavia’s dead economy in a week not accepting the terms of Dollar market.

Finally he ended the lecture giving the importance of Family. Consumerism broke the family structure of America and individualism grew leading to dissaving in the economy. Japanese in spite of having negative term for saving in banks, but still they continued as they have strong belief in family system. India still holds family system. He told that you will find many people who didn’t married for looking after their family members. Though they have no money, they don’t send their parents at old dwellings. They will feed their family members who are incapable of earning money.

Finally dear think about the nation, values and service to the poor. Only man can sacrifice everything for his knowledge, ideals etc. So be the human of highest ideals then only holistic prosperity will come on this earth.

Sunday, November 2, 2008

Indian Judicial System- Unique on this globe

The privileges given to the judiciary executives in India was questioned under the shadow of rule of law. No process of police action can be carried out on President and chief justice of supreme court even they are charged with some serious offense. The only option left is impeachment which is done by the simple majority of people's representative in parliament. The privileged has been extended to the judges of high courts and the supreme court. In their case, constitution has not given security cover as Chief justice is mandated. But the chief justice of supreme court of India provide guidelines for executive action over judges. Police has to first appeal to the CJI and has to apply and has to wait his opinion. Basically his opinion is not opinion but that has to be followed.

The section 361 which provides this privilege was attempted to modify by extending this privilege to the Prime Minister, but it was failed. In 1976, chief justice of Punjab high court was charged for possessing property beyond his sources of income. But no action was taken. He retired next year. But the issue was raised again and matter went into parliament where he came out safe as majority of legislatures supported him.

Currently many cases of corruption in judicial system has been exposed. The Prime Minister has mentioned this fact repetitively on various occasions. He iterated that corruption in executives and judiciary systems has deterred the progress of the country and government and judicial system are loosing faith of people in them.

Why suddenly all these debates have started? Why had daily papers been filled with news criticizing Indian judicial system for the past two months?

Neeraj Kumar, justice in Kolkata high court has deposited 30 Lakh in his own account and didn't returned the money. The issue was raised to such an extent that the Chief justice has to pass his opinion for his resignation for saving the sanctity of the judicial system. He had returned all the money and declined to resign defending himself proving not doing any thing wrong. Finally CBI investigation has been done to go into the matter.

On the other side, a cheque of 15 lakh was mistakenly given to the Nirmal Kaur, Justice of Punjab. She immediately informed the matter to the concerned authority. The similar case has come in light where a merchant had illegally sent a cheque of 15 lakh to a justice of Allahabad Court. Under the turmoil and political interference, CBI investigation has been allowed in both the above cases.

I hardly remember the date of publication, The Indian Express published article about the faulty method of appointment of judges in the court. After filing an RTI suit over this matter, it was revealed that many judges has no formal degrees to occupy the post of sanctity.

These all events has questioned the validity of current laws. Government has to make more transparent system for stopping the propping judicial corruption while taking care of a liitle hold of politician over judicial system as the judicial system must be independent from the executive system.