History and Mythology

November 21, 2008 by Shrikant

11th century Arab traveller’s Alberuni’s observation that Hindus (as Indians were then known) have no sense of history. Indeed, they can scarcely distinguish it from mythology. Whether it’s Akbar, Aurangzeb and Shivaji or Curzon, Gandhi and Nehru, history writing in India is aimed at upholding greatness or reinforcing villainy. Revisionism is invariably a law and order problem.

Romila Thapar in one her lectures noted that History is a continous process. Everyday there are new clues via excavations and findings that challenge the staus quo for new interpretation. However in India any new finding leads to mobocracy in the form of riots, goondaism rather than dialogue and debate through existing channels of communication. When James Laine came with his version of Shivaji Maharaj, a mob ransacked the mecca of history in India, Bhandarkar Institute, and destroyed rare manuscripts. This is the violent part of our behaviour. The next is about how stupid we are. Good example is  Nehru, who I always give due credit for the precarious state of many things in India, over population, illiteracy, poor human resource, dynastic rule, etc.

For a man who left the country ‘‘not better fed, clothed or housed, …more corruptly governed…with higher taxes, ever-rising prices, ever-acute foreign exchange difficulties, and more unemployment’’ than when he took charge, India has been too kind to Nehru. It’s time we took the mythology out of history. read more >>>

A Treat …

November 17, 2008 by Shrikant

On my monthly visit to Crossword book store discovered a real treat. MoserBaer has released a 6 classic films DVD pack of Guru Dutt movies for only Rs 294 (inclusive of all taxes).  Yesterday watched Pyaasa, rated as one of the best 100 films of all time by Time Magazine, the genius of Guru Dutt was haunting. Before you stereotype or get parochial, Guru Dutt was not a Bengali, but hailed from South Canara in Karnataka.


On Change

November 6, 2008 by Shrikant

America is now experiencing unprecedented change. A good quote on change.

To exist is to change

To change is to mature

To mature is to go on creating oneself endlessly

Goodbye Bush, Maybe to Hell

November 5, 2008 by Shrikant

When I visited Auckland in 2005, saw a brilliant billboard ad:

Hell : Too good for some evil bastards

Why is India’s Human Resource Mediocre

November 4, 2008 by Shrikant

Indians like to market the quality of all citizens by quoting the success of IITians, IIMs and some successful personalities working in top positions at MNCs. But talk to the CEO of any Indian company, large or old, small or young and their number 1 issue will be the quality of their work force. The inability to hire good people at a reasonable price is the root cause for lot of businesses to be stunted or disappear. It is very common that many good managers are over priced to their counterparts not because they are good but are located in India.

Prof Sohan Modak and me have analyzed our education system and evaluation methods used as one of the root reasons for the mediocrity. Winston Churchill had the following to say on school examinations. Very relevant since we inherited the system from the British.

I should have liked to be asked to say what I knew. The examiners always had to ask what I did not know. When I would have willingly displayed my knowledge, they sought to expose my ignorance.

Countries all over the world, particularly developed countries, require highly skilled and trained manpower to sustain their progress during the last century. The greying population globally and declining population in western countries places India in supreme position to provide human intensive services be it IT, medical care, agriculture etc. India has more than 35% of its population below the age of 15. However, this resource remains largely raw and not processed for high-tech skills. Countries looking to tap into this reservoir face many challenges due to variety of schooling systems, teaching infrastructure, variable teacher quality, highly conservative syllabus contents and student performance evaluation system of questionable value. This is further exacerbated by excessive controls by the affiliating or accrediting agencies of the State and Central Governments.

In India, with its middle class population of around 200 million, investment in children’s educationis the highest priority for parents who would rather have them follow career paths in Medicine, Engineering, IT, Accounting, while specifically refraining from professions involving vocational skills like plumbing, wireman, carpentry, medical technician, nursing etc. At present there are two distinct types of educational institutions. The first group is government-funded with affordable fee structure and established educational programs where the admission is based on merit for 50% of the capacity and the rest is reserved for historically deprived sections of Society. In contrast, the second group, a relatively recent outcome of economic liberalization, involves a panoply of private institutions (e.g. so-called Deemed Universities) that charge excessively high fees and handsome donations (capitation fee), irrespective of student’s merit for admission. Both these classes of institutions are under Government control in terms of accreditation/affiliation.

Despite better income, the private institutions are no better than government-aided institutions due to their desire to mollify students having paid exorbitant fees by way of manipulative evaluation practices; with every one passing the final examinations. As the capacity of Government institutions has not kept pace with the increasing size of the aspirant middle class, many parents are forced to pay exorbitant fees, often higher than in developed countries, to see their wards through higher education.

Fast growing employers, particularly in the IT/outsourcing services sector find it challenging to source candidates from this disparate system. Consequently, all companies have their own evaluation process that includes entrance test and face-to-face interviews due to a lack of trust in the existing University evaluation system.

Lets look at Evaluation system in more details. There are two principle issues concerning evaluation of academic performance, one relating the nature of evaluating body/organization and the second concerning the nature of examinations. Most examinations, excepting terminal school and college examination, are conducted within individual institutions. The terminal examinations, e.g. Secondary school certificate (10 years schooling: student age 16), Higher secondary or Junior collage (10+2), liberal arts & science college (10+2+3), Semester/Annual examination in Technical (10+2+4)and Medical (10+2+5_) degree colleges, involve centralized assessment.

Organization of centralized examinations. The examination process requires three distinct steps, [1] Setting up of common question papers, [2] conduct of the examination and [3] assessment of examination papers.

[1] The questions, mostly subjective, are drawn from a Question Bank and the paper setters are drawn from a panel of registered teachers from High schools, Colleges and Universities.

[2] The examination is conducted for hundreds of thousands of students at a vast number of geographically distributed locations where the same papers are made available at the time of examination. The logistics for this part of the process have been well rehearsed.

[3] After the conduct of the examination, all papers are collected at centralized location and a panel of registered examiners assesses the papers. Since the number of students appearing for centralized school examination runs in hundreds of thousands, the number of examiners/assessors is very large and necessarily heterogeneous. Furthermore, there is a compulsion on the examiners to assess large number of papers in a given time window.

We conclude that considering the subjective nature of questions albeit drawn from a question bank of limited size, the size of student body appearing for the examination, huge heterogeneity in the number of persons involved in the assessment process and relatively short period allotted for assessment of each answer paper, the existing evaluation system even for terminal examination does not do justice to the original objectives.

So year after year all students go through this evaluations system which leads nowhere. There is no way to benchmark the excellent, good, average at a national level. Teachers and institutions do not get evaluated because it is always the student who has not studied. Anyway all in all we are left with mediocrity all around leading to noise and inefficiencies at all levels.

Yours Truly

October 31, 2008 by Shrikant

In an article will India have its own sub prime crisis, published  on March 2008, discussed what was happening in America will also affect India. There would be significant over supply of apartments and if you really needed to buy one, significant discounts, some as good as 30-40% and maybe buy one and get one free. This has indeed become a reality reported  via rediff in Buy a flat and get another flat, BMW, Merc free

Salute the Fathers of the 04-09 Boom and Bust Bicycle

October 8, 2008 by Shrikant

I had written many articles on this blog, real estate bubble, 2006: cautious optimism and will India have its own sub prime crisis. I was constantly hassled as others kept harping, how great the economy was, how global India was, as market indicators like Sensex, Real estate prices and GDP growth were not converging. We should credit  the brilliant FM and his master, the PM, who are the architects of this fantastic 04-09 boom and bust bicycle of their tenure. These 5 years always contradicted the simple wisdom, that one has to crawl before walking, one has to walk before running, for no good reason everyone was running.

During this boom, I met many instant experts in stocks, real estate and everything. Good example is a previous IT flunky and now a stock punter who knows everything about stocks and markets, he always predicted the stock market correctly that day, the previous day. For eg: Whenever we met and the market was down, he claimed to have shorted some stocks the previous day and vice versa, if the market was up. It was disturbing to see mediocre and crass locals, many of them real estate dabblers, gold chains around their necks drive Mercedes cars, where honest educated people had to work a lifetime to own a house and a car. Politicians and Government Employees created scarcity for everything including land, permissions  and security just to extract bribes under the pretext of 9% growth. Were the PM and FM spectators or architects ? I have always argued that the the PM was a spectator not architect of India’s liberalization. During 1992, when the country was on the brink of bankruptcy, it was the  IMF and foreign agencies that structured India’s new laws. For the patriotic Indian it was Manmohan Singh who was the architect of India’s liberalization. Where was he before that ? First you keep the door closed for 45 years and take credit for opening it, just because you were the door keeper! Whenever, I discussed my views, I was cast as a cynic, person with negative outlook, etc.

Where are those stock market experts who predicted the Sensex to touch 26,000, all of them popularly called the Warren Buffett of Indian markets, grabbed the cover pages of many magazines and made innocent investors buy more and more shares at higher levels. My condolences to those poor retired people, who believed they had one more chance to make money and helplessly watched 50% of their savings wiped off. I sincerely hope, they remember the people behind this fiasco, before they cast their vote and not play with fire again.

In future, you may disagree, but do not ignore what I say, for now you can only pray to God. In this higly interconnected world you are as strong as your weakest link. Some customer who owes you money may go bust because his customer went bust, only pray these customers are not there in your portfolio. As a country we must credit our cocky FM, innocent PM and Pasta Ben, as architects of this super 04-09 boom and bust bicycle. I am ready for a final settlement with those I had heated arguments with, that if in 92 our revered PM  was a spectator, he was a spectator this time too.

The Course is Coming Together

September 15, 2008 by Shrikant

After 5 long years the course is finally coming together. It will be the latest addition in the Bangalore area off the fast growth Hosur and Sarjapur areas.

check it out >>

College Degree or Skill ?

September 14, 2008 by Shrikant

Are too many people going to college ? In India we have an education systems producing graduates that society uses to differentiate between good and bad. We should revisit the accepted norm where college is seen as the open sesame to a good job and a desirable way for adolescents to transition to adulthood. Neither reason is as persuasive as it first appears.

In America, it was found that the income for the top people in a wide variety of occupations that do not require a college degree is higher than the average income for many occupations that require a B.A.

read more >>>

India’s slips in “Doing Business” Report

September 13, 2008 by Shrikant

India is ranked 122 amongst 171 countries in doing business business by World Bank. India lags behind most South Asian countries Bangladesh, Nepal and Pakistan. Why this low ranking ? anybody who has done business in India will not be surprised. India has done nothing to cut red tape that includes simplification of business regulation, strengthen property rights and enforce contracts. We have lot of business going on but the quality of business is very low. One should enjoy and have fun doing business. Build great products and services to enlighten customers. Half the time you are fighting or entertaining government officials, depending on what you prefer. Can only say this ranking should be a surprise to those working in a shell.

So friends can we be an effective nuclear power when we cannot be a desired business destination.