e-Nagar

July 21, 2005

random snippets

Filed under: Humor — Ankur Aggarwal @ 2:49 pm

Experience is something you don’t get until just after you need it.

He who hesitates is probably right.

Never do card tricks for the group you play poker with.

To steal ideas from one person is plagiarism; to steal from many is research.

To succeed in politics, it is often necessary to rise above your principles.

*****************
The difference between male and female friendship: A woman stayed out all night and the next day told her husband that she slept over at a friend’s house. He called his wife’s ten best friends and not one of them knew a thing about it. On the other hand, a man stayed out all night and the next day told his wife that he slept over at a friend’s house. She called her husband’s ten best friends and eight of them verified that he really did sleep over at their house while the other two claimed he was still there!

funny snippets

Filed under: Humor — Ankur Aggarwal @ 10:07 am

A little boy went up to his father and asked, “Dad, where did all of my intelligence come from?” His father replied, “Well, son, you must have gotten it from your mother, because I still have mine.”

***********************

Anuj’s teacher sent a note home to his Mother saying, “Anuj seems to be a very bright boy, but spends too much of his time thinking about girls.”
The Mother wrote back the next day, “If you find a solution, please advise. I have the same problem with his Father.”

July 20, 2005

emerging im-balance (borrowing-savings)

Filed under: Thoughts — Ankur Aggarwal @ 11:10 am

Traditionally it is expected that the households should be net savers pumping money into the banking and govt. bonds. This money in-turn is used by banks to back successful enterprises creating wealth/employment and by the govt. to create infrastructure or a ground for further growth of the nation.

The peculiar trend is emerging in India nowadays.

With the growth of easy EMI, house/car/appliances/and even foreign vacation loans, the average Indian household has become a net borrower. They have huge credit card dues (that includes me too) and loans for almost every planned and unplanned assets they own.

Look at all the IT giants and growing companies. They have hardly borrowed anything from the banking system, instead are sitting on loads of cash/reserves which they are clueless about how to deploy. Most acquisitions and expansions which you hear about nowadays are funded by cash flow/internals.

Govt. of India borrows tons of funds from the market at very high interest rates. At last glance it was paying 9% (tax free) on PPF (which roughly translates to 11% when the banks give me only 5% on savings) to pay for the huge bureaucracy and the unviable PSU.

Fiscal Deficits

Filed under: Thoughts — Ankur Aggarwal @ 10:32 am

Fiscal deficits are like obesity. You can see your weight rising on the scale and your clothing size increasing, but there is no sense of urgency in dealing with the problem.
-Martin Feldstein

The fiscal deficit was as high as 10% of GDP in 2001-2002 and the govt. debt is more than 85% of the GDP

The questions that come to one’s mind when these issues crop up are:
1) Should the fiscal deficits of state and centre considered together or separately are sustainable?
2) Whether these governments are solvent.
3) Whether the presence of high levels of structural fiscal deficits has constrained the usability of fiscal policy as a tool of stabilization in respect of output as well as prices;
4) Whether there is need to formulate rules and targets to stabilize debt and deficits, and how these targets should be derived; and
5) Whether fiscal deficits have crowded out private investment by putting pressure on interest rates, thereby adversely affecting growth.
6) Is the govt. issuing fresh bond to payoff for the interest incurred in servicing the old ones or it is issuing fresh bonds for infrastructure and development?

July 19, 2005

Ant and Grasshopper – New version

Filed under: Humor — Ankur Aggarwal @ 12:36 pm

CLASSIC VERSION…

The ant works hard in the withering heat all summer long, building his house and laying up supplies for the winter.

The grasshopper thinks he’s a fool and laughs and dances and plays the summer away.

Come winter, the ant is warm and well fed. The grasshopper has no food or shelter so he dies out in the cold.

————————————————————————

MODERN VERSION…

The ant works hard in the withering heat all summer long, building his house and laying up supplies for the winter. The grasshopper thinks he’s a fool and laughs and dances and plays the summer away.

Come winter, the shivering grasshopper calls a press conference and demands to know why the ant should be allowed to be warm and well fed while others are cold and starving.

BBC, CNN, NDTV show up to provide pictures of the shivering grasshopper next to a video of the ant in his comfortable home with a table filled with food.

The World is stunned by the sharp contrast. How can this be that this poor grasshopper is allowed to suffer so?

Arundhati Roy stages a demonstration in front of the ant’s house.

Amnesty International and Koffi Annan criticizes the Government for not upholding the fundamental rights of the grasshopper.

The Internet is flooded with online petitions seeking support to the grasshopper. Opposition MP’s stage a walkout.

Left parties call for “Bharat Bandh” in West Bengal and Kerala demanding a Judicial Enquiry.

Finally, the Judicial Committee drafts the Prevention of Terrorism Against Grasshoppers Act [POTAGA]“, with effect from the beginning of the winter.

The ant is fined for failing to comply with POTAGA and, having nothing left to pay his retroactive taxes, his home is confiscated by the government and handed over to the grasshopper in a ceremony covered by BBC,CNN and NDTV.

Bush calls it “A Triumph of justice..”.

July 18, 2005

lateral thinking

Filed under: Puzzle — Ankur Aggarwal @ 2:04 pm

man
1. ————

board

Ans. = man overboard

stand
2. ————

i

Ans. = I understand

OK?…. Got the drift? Let’s try a few now and see how you fair?

3. /r/e/a/d/i/n/g/

Ans. = reading between the lines

4. r
road
a
d

Ans. = cross road

5. cycle
cycle
cycle

Ans. = tricycle

0
6. ————
M.D.

Ph.D.

Ans. = two degrees below zero

knee
7. ————

light

Ans. = neon light (knee-on-light)

ground
8. —————

feet feet feet feet feet feet

Ans. = six feet underground

9. he’s / himself

Ans. = he’s by himself

10. ecnalg

Ans. = backward glance

11. death ….. life

Ans. = life after death

12. THINK

Ans. think big !!

And the last one is real fundoo ..

13. ababaaabbbbaaaabbbbababaabbaaabbbb….

Ans. long time no ‘C’ (see)

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