Wednesday, October 16, 2013
Choose your God!
Tuesday, October 15, 2013
The Bull @ Isha
Ever watchful of all company-
Devotees by day and spirits at night.
Resolute,
With never a nibble of distraction,
Nor even a nod to the tamarind tree
That coyly holds her own watch around.
Ensconced in his resonant cave-
Yet he loves your readiness and strength.
Bringing Bhairavi every dusk to light up your space,
With chants and swirls, leaps and more.
Some way indeed to cool you, baked all day in the sun!
To move away for a dip.
Nor the cackle of happy children
Stirs you from your post-
Not even a swish of your tail.
Except the war cries of the spearmen.
You are a match for the yonder hills.
Your eternal watch is the breath of Isha.
Monday, October 14, 2013
Reptilian brain
This is an artistic creation made of metal that hung on the wall in our Isha cottage in the Velliangiri campus of Sadhguru Jaggi Vasudev.
The Sadhguru has spoken of a reptilian brain located inside the human skull base. This brain deals with our instinct of survival and attack. A fundamental animal instinct of aggression.
I think this structure eminently depicts the action of the reptile in us. It snakes and crosses method and structure, all modern concepts of civic society. The reptile takes short cuts and breaks traffic laws. It bribes to get things done. It cheats and sacrifices trust. It thinks of here and now and profit first.
How many people would vote for India's national creature to be the crocodile! More than the elusive tiger, the fancy flier peacock, the reptile stands for the Indian of today. At least about half of all Indians, who have managed to fight and acquire and protect their wealth.
What do you say?
Saturday, October 12, 2013
A mad rush called Bangalore
This Navaratri, especially this weekend, a few hundred thousand (my guess is half a million) young and middle-aged Bangaloreans including all of my family have travelled out to near and far places for the long weekend or festival season or to be with their families.
Last night some 50000 people took buses in a mad chaos of Volvo's from Shantinagar stand. See the picture I clicked.
Bangalore welcomes educated people from all over with nice jobs, fine weather and all sorts of fun. Hundreds of colleges in Karnataka provide technical education for a hefty fee. Result: a huge population of people who are in Bangalore and nearby only to earn and make a career. Their families and interests pull them away for holidays.
Thousands of taxis and autos ply these folks to bus stands and railway stations all the time. Apart from the thousands of cars running shuttle commute trips round the clock for outsourcing hubs.
You can call this the new economy. I call this the mad rush called Bangalore.
Thursday, October 10, 2013
Alternative Ramayana
Wednesday, October 9, 2013
Gold
I have heard your talks and read your articles and carry a deep
respect for your scholarship and elucidation of many key ideas. Thank
you for your commitment and highly relevant outpourings.
I do of course have many points to debate/discuss with you about gold.
Gold is obviously a unique element, heavy, shining, and immune to
tarnish over long periods of time. It is an ideal metal for ornaments.
Movies like Gold Rush and Mackenna's Gold show how people don't mind
killing each other as gold prospectors.
Gold's value for mankind, built up over several millennia, make it a
great material for specifying exchange value in transactions. Hence we
have gold coins and gold standards etc.
Hindus, an ancient civilization, combined all these ideas and promoted
concepts like Hiranyagarbha, Lakshmi being the goddess of wealth, and
worship of gold. It is purely a material aspiration and human weakness
for material well-being.
When it comes to human understanding of what constitutes all-round
development, there are three key ideas according to me.
1. Creation of economic value by producing goods and services for
well-being of nations.
2. Skill development for increasing efficiency and innovation
3. Non-covetous, trusteeship as a key concept for entrepreneurs
focused on all-round growth as opposed to one's own aggrandizement.
You are of course familiar with the Upanishadic saying:
Ishavasyam idam sarvam yat kinchit jagatyam jagat
Tena tyaktena bhunjitah ma grudhah kasya swiddhanam
Basically the spiritual goal of human existence, a fundamental value
in Hindu thought, cautions against covetousness. It says by sharing
and growing together (sah nau bhunaktu) we better ourselves as a
nation.
Gold militates against all these ideas. Guess what, Dawood Ibrahim may
have as much gold as our big temples. He gives gold to people to
commit acts of terror. There are Kerala jeweler chains who are
apparently funded by dubious overseas sources. They brainwash people
to hoard gold. And then tell them that in times of need, they should
bring the gold and get mortgage loans. Neither your gold is safe with
these fellows nor are you getting fair terms for your loan.
Pawnbroking is one of the things that broke poor people's back. Now we
are making a modern version of it.
If instead of investing and hoarding gold (and smuggling gold as
ornaments etc. -something done regularly by Indian travellers) we
start creating PRODUCTIVE assets, we will be much better off in the
long run.
Gold, bought and stashed away in lockers, will help in times of
distress. Who are the people with such gold!? Middle class and rich
class. Instead of buying properties, starting small enterprises, and
investing in productive assets they have mistakenly taken the "my
safety first, forget common good" approach by buying gold.
Gold is imported. Gold purchase locks up precious productive assets.
Imagine a day when gold lost its craze and hence its value. What would
happen!? A lot of money will be released for investment. Is that not
good?
I am surprised that you have pointed to the build-up of capital
productive equipment and goods via import as the culprit for our
foreign exchange and reserves crisis. Why do you think India imported
capital productive goods? For creating productive assets. Is that bad?
Now if people buy TVs and computers and mixies and furniture and make
new homes instead of investing in gold, is that bad!? I say no. That
is because the standard of living is linked to consumption of white
goods. Not hoarding gold.
Finally. You have shown how gold has maximum returns on investment.
THAT IS PRECISELY THE ISSUE. In a country where no one trusts
education and industry to give returns on investment, they hoard gold,
and the demand for it will automatically prop up its ROI. THIS IS
SPECULATIVE. Remember you fought against the wrong doings of a Harshad
Mehta because he stoked up false ROI by fomenting speculation. If the
gold bubble doesn't burst, it is not because it is not evil. It is
still evil, but we need a Gurumurthy to fight that evil.
Thank you for your patience in reading this. Hope to hear from you.
Sachi
Gold: villain or saviour?
S. Gurumurthy
Gold always glitters
Economists look upon the demand for gold as a barbaric relic. But Indians are aware of its economic, financial, and hence cultural, worth.
The logic goes like this. The Indian lust for gold has caused a tsunami of gold imports. That has dented India’s current account with a huge hole. The current account deficit has brought the rupee to its knees. QED: Gold, which has derailed the rupee, is India’s villain.
Based on this rationale, the Government has renewed the psychological and fiscal war against gold that had been halted in the early 1990s. But is the perception that gold is the main cause of India’s woes on the external sector, right? Is the fall in rupee value due to the rise in gold imports? Had gold imports not risen, would the rupee value have not fallen?
A scrutiny of the numbers reveals that it is the unprecedented capital goods import of $587 billion in nine years of UPA rule, red-carpeted by the UPA with tax cuts and zero-rated tariff structures, which disfigured the current account with a total deficit of $339 billion.
The damage to current account from net import of gold ($161 billion) and oil ($515 billion) seems far less. Besides disrupting the current account, capital goods import has sent the nation’s growth into ICU (See ‘The elephant experts didn’t see, Business Line, September 5, 2013). How is it then gold is demonised as the sole villain? Because modern economics brands gold a “barbaric relic”.
Double trouble
Modern economists and the Indian people seem to operate on two different paradigms with regard to gold. In the modern West, gold is more a state asset than a private possession. Gold constitutes just three per cent of family wealth there, but a third in India. Western states, socialist or capitalist, expropriated all private gold during the last century. Even the liberal US outlawed private gold in 1936 and built official gold reserve of over 20,000 tonnes by 1950.
Modern economics views gold as an uneconomic, wasteful, private investment. But traditionally, in India, gold has been the preferred asset of the rural masses who hold 70 per cent of the nation’s stocks. Indian gold habits clearly mock at modern economic theories.
Market Oracle, a UK-based market analysis and forecasting online publication, captures the relation between India and gold thus: Indians own 20,000 tonnes of gold worth $1 trillion — almost half of India's GDP. For Indians, gold is not just money or asset; it ensures the financial security and stability of families. It has religious overtones. More than a commodity or money, it is integral to the warp and weft of family life. Investments in gold and jewellery are indistinguishable. Jewellery is the working capital of families; families collateralise it for commercial borrowing.
Some 13 per cent of Indian families, more from rural areas, borrow against gold as collateral; while rural India borrows from the unorganised financial sector, urbanites access bank loans. The authors of Market Oracle seem to understand India’s family-gold nexus better than Indian policymakers. Yet, despite such a paradigmatic difference, economic laws on gold based on the Western experience are continuously being tried out in India. Result: the establishment hates what the people love.
Signs of rethink
However, there are indications of rethinking now. Echoing the Market Oracle logic, the Reserve Bank of India Working Group to Study the Issues Related to Gold Imports and Gold Loans by non-bank financial companies under K. U. B. Rao (January 2013) says that “demand for gold appears to be autonomous and a function of several influences and factors that may not be strictly amenable to policy changes” — an admission that gold demand ducks economic theories and policies.
Again, says the study, “gold demand is price inelastic” — meaning gold buying does not reduce if prices rise. It warns that if the official supply of gold is restricted by import curbs or extra taxes, “the buyers take recourse to unauthorised channels to buy gold”.
Now, recall that India had banned gold imports for almost four decades till the early 1990s. But smugglers ensured an unfailing supply. Result: the gold economy functioned underground, generated black money and, in turn, was funded by black money. The Government’s dislike for gold did not make Indians love gold less.
Keeping the the bitter past in mind, the RBI working group sensibly acknowledges that it is impractical to restrict the import of gold. Does it not mean then that the UPA government’s present measures to make gold imports costly would only make smuggling gainful? If the Dawood gang can land deadly explosives on Nariman Point with ease, will it find it tougher to bring in gold?
Hoodwinked
But, are Indians fools to have invested in gold as the economists would have us believe? No. Actually, gold seems to have fooled the economists. The RBI working group study finds that gold has outperformed stocks and bank deposits in the last five years — more than three times over Nifty, six times over bank deposits and 10-year government bonds. Only gold, no other asset, has so consistently beaten inflation.
The average inflation during 2001-02 to 2005-06 was 4.7 per cent but gold yielded 9.2 per cent — almost double. The average inflation for 2006-7 to 2010-11 was 6.7 per cent but the yield on gold was 23.7 per cent — three times plus. Average inflation for 2012 is 9 per cent but gold returned 33.5 per cent — almost four times. Traditional India intuitively seems to understand the value of gold.
Says Y. V. Reddy, a globally celebrated central banker: “The real purchaser of gold is typically a peasant.” Close to 70 per cent of gold jewellery is sold in rural areas and most gold sales are by way of jewellery. To quote Jeffrey A. Franks, “Holding gold has, in fact, often in history served, from France to India, as the only way the peasant can protect himself against inflation and the vicissitudes of politics”.
Finally, while trillion dollar gold is the real asset of the Indian masses, the trillion dollar stock market capitalisation is the phoney wealth of the Indian classes, dependent on the QE announcements of Ben Bernanke.
Sensible advice
The RBI study, therefore, sensibly advises increased monetisation of gold — to make unaccounted gold generate accounted money. It suggests setting up a bullion corporation for lending against and refinancing gold, and pool and trade in gold stocks. The study commends encouraging gold loans by banks and non-banking institutions.
This is what traditional pawnbrokers have been doing for ages. The State began curbing, instead of registering and disciplining, private moneylenders. The hope that banks would replace them has been belied. An RBI study found that in rural lending the share of institutional agencies declined from 64 per cent in 1991 to 57 per cent in 2002 and the share of the rest rose to 43 per cent, with that of moneylenders, from 17.5 per cent to 29.6 per cent – up by 70 per cent.
In the liberalised financial regime, private moneylending has been rising. Evidently, banks are unable to match private lenders in reaching the needy. The study recommends registering private moneylenders.
Now look at what the Economic Census 2005 says about how 41.2 million non-farming businesses of India — over 60 per cent of which are owned by OBCs, SCs and STs — are financed. These millions of businesses employ 102 million people. Yet only 9 per cent of their capital needs are met by organised finance; 91 per cent is funded by families and private financiers. The undervalued private financial institutions and the discredited moneylenders are the main sources of finance for the largest employment provider of the country. And the collateral for their loans is invariably gold.
Nothing like gold
There is no collateral, stocks or real estate, as liquid as gold in India. How can gold, so valuable a security for productive credit, be dismissed in India as a “barbaric relic”?
The economic establishment wails that gold does not obey its policies. Gold defies government policies because of the disconnect between the polices and the people. Indians revere, not simply love, gold. But the State policies are founded on the economic theories of the West which treat gold like any other commodity for trade and profit. It is no surprise that the theories, which work in the West but not here, project gold as India’s villain.
Yet, gold has emerged as the winner in economics — successfully hedging inflation and beating the stocks and banks. With the unalterable basic facts about gold in India known, the real challenge is how to frame a practical and workable policy for gold and how to ensure that gold imports do not affect the macro economy. Gold buying by Indians is seen as weakening India. But buying is economic power as well — in fact, the ultimate economic power is a nation’s market. Yet, surprisingly, India has not put to use its enormous power as one quarter of the world’s retail market for gold. India has to strategise and use its huge market to overcome the weakness of its people for gold. How to do it is the challenge and a topic by itself.
(The author is a commentator on political and economic affairs, and a corporate advisor.)
Monday, October 7, 2013
Chaitanya's Magnum Opus : Shikshashtakam
| Sri Chaitanya Mahaprabhu ((1486–1534 CE) is a rare star in India's spiritual firmament. He gave up the scholarly approach to pursue God through infinite, constant Bhakti. Just before his passing, he composed these eight verses as his final and total precept to his disciples to pursue the path to God realization... his path of Bhakti. |
| शिक्षाष्टकम्(मूल संस्कृत) | Shikshashtakam (English) |
| चेतोदर्पणमार्जनं
भव-महादावाग्नि-निर्वापणम् श्रेयः-कैरवचन्द्रिकावितरणं विद्यावधू-जीवनम् । आनंदाम्बुधिवर्धनं प्रतिपदं पूर्णामृतास्वादनम् सर्वात्मस्नपनं परं विजयते श्रीकृष्ण-संकीर्तनम् ॥१॥ |
Let Sri Krishna sankirtana be ultimately victorious which cleanses dust off mind, extinguishes the formidable fire of repeated birth and death, glorious like rays of the moon, gives life to knowledge, increases the ocean of bliss, has every word sweet like nectar, makes everybody holy.॥1॥ |
| नाम्नामकारि
बहुधा निज सर्व शक्ति- स्तत्रार्पिता नियमितः स्मरणे न कालः। एतादृशी तव कृपा भगवन्ममापि दुर्दैवमीदृशमिहाजनि नानुरागः॥२॥ |
O Lord, you have filled your many names with all your power and these names can be remembered any time. O God, you are so kind to do it but I am so unfortunate that I don't love your beautiful names.॥2॥ |
| तृणादपि
सुनीचेन तरोरपि सहिष्णुना। अमानिना मानदेन कीर्तनीयः सदा हरिः ॥३॥ |
Assuming ourselves smaller than straw, being more tolerant than trees, devoid of pride and respecting others, we should always sing in praise of Sri Hari.॥3॥ |
| न धनं
न जनं न सुन्दरीं कवितां वा जगदीश कामये। मम जन्मनि जन्मनीश्वरे भवताद् भक्तिरहैतुकी त्वयि॥४॥ |
O Lord of the universe, I do not desire money, followers, women or poems. O God, I wish to have causeless devotion for you in my all births.॥4॥ |
| अयि
नन्दतनुज किंकरं पतितं मां विषमे भवाम्बुधौ। कृपया तव पादपंकज- स्थितधूलिसदृशं विचिन्तय॥५॥ |
O son of Nand, considering me as your eternal servant and bound in this ocean of birth and death, please show your mercy assuming me as a dust-particle in your lotus feet.॥5॥ |
| नयनं
गलदश्रुधारया वदनं गदगदरुद्धया गिरा। पुलकैर्निचितं वपुः कदा तव नाम-ग्रहणे भविष्यति॥६॥ |
O Lord, when will the tears of my eyes fill my face on taking your name, when will my voice choke up and when will the hairs of my body stand erect on reciting your name?॥6॥ |
| युगायितं
निमेषेण चक्षुषा प्रावृषायितम् । शून्यायितं जगत् सर्वं गोविन्द विरहेण मे॥७॥ |
O Krishna, in your separation, a moment looks like ages. Tears are flowing from my eyes like torrents of rain and all of this world seems meaningless.॥7॥ |
| आश्लिष्य
वा पादरतां पिनष्टु मा- मदर्शनान्मर्महतां करोतु वा। यथा तथा वा विदधातु लम्पटो मत्प्राणनाथस्तु स एव नापरः॥८॥ |
Whether He embraces me as a devotee of His feet or not, whether he appears before me or not, whether He accepts me as his own or not, the naughty Sri Krishna is my Lord and no one else.॥8॥ |
Wednesday, October 2, 2013
An Open and Shut Nut case
Monday, September 30, 2013
Remembering Gandhi
2. The way we live, we burn LOTS of fossil fuel. Just so we go, sit in front of computers, and make phone calls around the world to fix a telephone bill error or a credit card payment statement. One little example of globalisation.
3. We make deadly arms. We give them through illicit trade to dubious leaders, who in turn poison and kill their own people. And then we take bombers and flatten the cities of these bad people, of course killing lots more people. All in the name of peace.
4. We tell our children it is more important to come first in class tests and not important to look around with wonder at what we call our world. That it is more important to prepare keenly and destroy our competitors (=enemy) than to find a way to live life better as fellow citizens. That it is more important to dream and realise your own future than to think of others and how you can make them happy.
5. We want cheaper and cheaper goods. Like pencils from China and polyester sarees from Taiwan. Really sorry our neighbourhood small-time industrialists and weavers committed suicide.
6. We want to live on the 24th floor, in a futuristic urban township. It is our own flat bought at a crore rupees (25 year loan at 12%). Oh, our small home in our old town, we sold and it was pulled down for scrap. They cut down all the coconut and mango trees for development.
7. We are truly religious. We worship Devi during Navaratri, and Skype-call our dear ones doing garbha dance in Shiva temple, Toronto. They migrated there long back as it offered much better life than this backward country called India. They are global citizens.
8. I just read that young Indian metro professionals of both sexes have alarmingly high cardiac, hormonal, and orthopaedic disorders because of their changed life-style. They are all our nation's pride- IT and techie professionals. They went to engineering and other advanced courses paying hefty fees, to get good jobs in big name companies. Our country is proud to have such high quality professionals. About their health and social problems, we will surely do something. Chains of corporate hospitals with FDI are coming up at a location nearby.
Saturday, September 28, 2013
Why I eat with my hand
Read this link:
http://www.rasikas.org/forum/viewtopic.php?f=21&t=21996
My post there :
Guys
Here is my simple common 21st century sense of why we eat with our hand/s.
1. Eating with my hands makes me more sensitive to food.
2. I wash my hand before eating and so am more mentally prepared to eat.
3. The human hand has an incredible range of manipulation and movement so cannot be matched by any cutlery.
4. I can eat solid, semisolid and liquid food with my hand.
5. I save on material wastage.
6. What I feel with my hand assures me I won't eat poorly cooked or dangerous food.
7. The size of a cupped hand approximates the capacity of my mouth.
8. I won't eat too hot or too cold food.
9. Washing and cleaning, making and buying cutlery wastes precious resources.
10. If I eat with my hands I will better remember the meal I ate and what foods I like and I don't.
11. Half the joy of a banana leaf meal is eating with the hand!
Monday, September 23, 2013
No fool like an old fool
Sunday, September 22, 2013
Bhaagyaadaa Lakshmi Baarammaa- an interpretation
bhAgyAdA lakShmI bArammA
sajjana sAdhu pUjeya vELege majjigeyoLagina beNNeyante
(bhAgyAdA)
dinakara kOTi tEjadi hoLeyuva janakarAyana kumAri begA
(bhAgyAdA)
satyava tOruta sAdhu sajjanara cittadi hoLeyuvA putthaLi gombe
(bhAgyAdA)
kunkumAnkite pankaja lOcane venkaTaramaNana binkada rANI
(bhAgyAdA)
akkareyuLLa aLagiri rangana cokka purandara viThalana rANI
(bhAgyAdA)
bhAgyAdA lakShmI bArammA
sajjana sAdhu pUjeya vELege majjigeyoLagina beNNeyante
(bhAgyAdA)
dinakara kOTi tEjadi hoLeyuva janakarAyana kumAri begA
(bhAgyAdA)
satyava tOruta sAdhu sajjanara cittadi hoLeyuvA putthaLi gombe
(bhAgyAdA)
kunkumAnkite pankaja lOcane venkaTaramaNana binkada rANI
(bhAgyAdA)
akkareyuLLa aLagiri rangana cokka purandara viThalana rANI
(bhAgyAdA)
Friday, September 20, 2013
Three Highlighters
They neatly categorise situations and thought processes and action modes, which in turn help you to deal with your responses to situations better.
I have thought of my own threesome : Three Highlighters.
Have you noticed that the major issue in human communication is the issue of mistaking the words to be facts when they are actually opinions, and rumours to be facts or opinions? And how information, which should be largely facts, is obfuscated? Take this gossipy news item:
But when will Ranbir REALLY open up about Kat? RK keeps his cards close to his chest!Our 'Besharam' lover boy Ranbir Kapoor is a man of virtue, at least his recent actions with regards to his lady love indicate that he is. Ranbir has allegedly spilled the beans on his chemistry with Katrina Kaif and their pictures with her in a bikini while holidaying in Ibiza. He doesn’t deny seeing Kat, but has kept mum about their marriage prospects. However, he recently mentioned that he wants his children to play football. Does this mean family is on Ranbir Kapoor's mind?
However, it is possible that Daddy Rishi Kapoor will interfere in Ranbir's decision to get married. He has said, “My son can date anyone till he gets married!” It looks like RK is caught in a tug-of-war between his parents and his lady love.
Rumour has it that mommy Neetu Kapoor allegedly frowns upon her son’s relationship. An insider alleges she is suspicious of Kat’s somewhat questionable past in London and her initial struggling days in the industry. Will this relationship survive the scrutiny? Only time will tell.
But if I were to highlight these words with pink for rumour, yellow for fact and green for the writer's opinion, here is how it will read:
So whenever you read, or listen, use Three highlighters. That will help you to separate rumour, fact and opinion neatly!
Thursday, September 12, 2013
Kashi - the Illustrious City
( You can download this from Wikipedia in original resolution 3487 x 2364 pixels)
Puranas: connecting the dots
"Again, you can't connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something — your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life."













