Auto Finance vs. Banks

Today I read an article mentioning that the banks are going to “approach the Competition Commission of India citing alleged unfair trade practices by car makers” Now, a backdrop of who they want to fight against, is necessary.

The auto makers operating in India like BMW, Audi, Toyota etc. have begun something called “Non Banking Finance Companies (NBFC’s)” to provide customized finance to their customers. Looking at the concept as a whole, it makes sense right? It wouldn’t have taken the automakers long time to figure out their customer’s ire about the banking loan procedures and flexibility, which in turn play a hand in shrinking the auto market, while people may postpone their decision to purchase cars as a luxury symbol they cannot yet afford. The companies extending to help their customers by offering flexible repayment options and minimum hassle free paperwork through NBFCs (set up through their own corporate affiliate companies) just extends the bond between a company and its end consumer.

The article mentions that the Indian car loan market is valued at Rs. 40,000 crore! And instead of banks rolling up their sleeves and getting competitive to fight for their share in the market, it is indeed shocking to read that the banks are approaching a regulatory authority to “regulate” the competition. Why cite “unfair practices”? If the banks wanted to fight for a share in this market, then they should have done so by playing the game.

A sad picture painted by the banks in India, portraying a child running to his Daddy to win a game of pure ability! Will the Daddy play a patron of free market or a bully, is yet to be seen.

Note: The article referred to here is from the Economic Times (25^th Oct 2012 issue), titled “Auto Finance: Banks to Approach CCI)

Tweeting a contradiction

The leading article in today’s Economic Times starts like this “India seeks to arm itself with the power to block Twitter and other social networking sites and regions, but it may find it difficult to do so as telecom companies and Internet Service Providers (ISPs) say this is technologically unfeasible and exorbitantly expensive”

It is clear that the Indian Government and politicians are beautifully orchestrating a contradiction, by using the recent communal tensions in Assam. To use the foul language of non-producers and looters, their speeches will undoubtedly go like this “In these difficult times, the Indian Government has made the difficult decision to block social media in all the important states, for matters of internal security and running a democratic nation.” The underscored meaning of that line will be that the Government knows its power and seeks to expand and use the same.

It is the thought of blocking media that’s absolutely baffling. How can the top Government officials utter such a contradiction without batting an eyelid? No clue indeed!

What the Government should rather do is to get off their bums and actually make an effort to learn and use social media effectively, rather than blocking and condemning a form of expression that they cannot understand.

But the article goes on to say that internet providers and the telecom operators have said they only have the capability to block websites and social networking sites on a national basis. Well, that’s a relief. Because if the Indian Government still goes on to say that they would block, at least they would have expressed outright their intentions to join its Chinese counterpart with open arms. 

Namma Ooru Autokaaran (Chennai’s Own Autowallahs)

Today there was an interesting article in the Times of India front page pointing out just how long auto rickshaws have been running without meter – since 1998! And how a 6km ride in a Chennai auto lightens your pocket by Rs. 100 whereas the same trip will cost around 56 in Bangalore, 72 in Mumbai and 46 in Delhi. All the stats there are point to the grave nature of this situation especially as the article rightly points out that with “the gaps in public transport increasing, the auto rickshaws do ensure the last mile connectivity to offices, homes, schools and colleges.”  The article also mentions the argument of the other stakeholder – the autowallahs’ argument, which mainly centers on the absence of a sound tariff structure and provisions for the transport authority to regularly revise according to the change in the prices of fuel.

I have been to Bangalore many times, and I love the auto rickshaw rides there. So borrowing the basic concept from there, the meters in the Chennai autos should mainly display the distance of commute. A price chart can be issued by the transport authority. A slot in the back of the auto driver’s seat can display the chart along with the driver’s identity, license and vehicle registration details. Any sane person will agree that it is easier to change the charts every year rather than calibrating the meters themselves. But keeping in mind the possibility of the customized charts popping up with way higher prices than the actual, the Transport Authority can issue these price charts with a hologram which will make it a tad difficult to replicate.

The reader will now be wondering why in spite of the tone of this article, I have chosen a title that is the opposite. All said and done, the Chennai city’s description is incomplete without the bright yellow auto rickshaws. I wanted to highlight the steps that can be taken to make Chennaites’ proud of their autowallahs as part and parcel of Chennai.

PS: The source of the stats and statistics used in the first paragraph is from the Times of India news article (4^th September 2012)

Domination – A Mirage

Everybody knows the classic Aesop fable of the tortoise and the hare, where in a race between the two, the proud hare loses to the slow and steady tortoise. With the advent of the internet and its global reach, it has sparked off creativity and imagination in each and every one of us. One of the email forwards I got was a story,a variation to this classic fable, which I absolutely loved.


A proud hare challenged a tortoise to a race. A fox decided the track and agreed to be the judge of the race. The whistle blew and the race began. The hare sprinted off quickly leaving the tortoise behind. A few minutes passed before the rabbit came to a stop at a river bank. The finish line was beyond the bank and the rabbit could not cross it. So, it waited by the river bank trying to figure out what to do.

As the rabbit sat there thinking, tortoise reached the river bank. The rabbit was ashamed to look at the tortoise and kept its head bowed down. The humble tortoise asked the rabbit to climb on its back. After a lot of hesitation and a lot of pursuing by the tortoise, the rabbit sat on the tortoise’s back. Together they crossed the river. Once they reached the other bank, the tortoise had resigned to the fact that the rabbit will sprint to the finish line right away. But it was taken aback when the hare asked the tortoise to climb on its back.

When they both together crossed the finish line, there was a thunderous applause from all the viewers in the jungle.

While you would have found the story to be too simple that it is childish or you would have guessed the ending from the first line of this story, the point that this story makes, is simply beautiful. This story is built on the concept of co-existence. Co-existence operates under the fundamental assumption that there will always be someone or something more powerful than you (Oh, and btw, I am not endorsing the existence of God or any such being through that line!). Imagine the entire world as a forest and only this hare and this tortoise exist on this earth. The hare and the tortoise will co-exist.

For those who find it hard to understand this term, I would like to rule out the following meanings my above statement could have implied.

• The hare needed the tortoise and depended on it for survival.

• The tortoise needed the hare and depended on it for survival.

• The tortoise and the hare should stay together at all times and fight off the unknown mysteries of this earth.

• Tortoise has to become the master of the seas and Rabbit has to become the ruler of the land.

No No No No. They co-exist. They realize that they exist in this world. Its as simple as that. Do not try to extrapolate this sentence beyond what it means.

The very fundamental concept of domination lies in a desperate attempt to control. The limited time that we have on this earth, domination stresses on finding control in this world, in this birth.

The only truth lies in the quote “Nothing is permanent except change”. Now, operating from this universal truth, the concept of control is flawed, because it operates under the fundamental aim to defeat change and time.

Now, I am not saying that working hard to earn your living or aiming to become like Bill Gates or Steve Jobs is wrong, just because we are going to die one day. How we live this short life is also equally important. But how you live that short life is where ethics and moralities have to be observed. If you ask why one should observe that, the answer is that ethics and morals are the by-products of our power of reasoning, the only thing that distinguishes humans from animals.

Let us consider the following situations:

• A lady harasses her daughter-in-law and her parents to pay more dowry and doesn’t get satisfied with what she gets.

• A husband beats his wife in the middle of a street in front of everyone.

• A wife beats the crap out of her husband to ensure he stays in line.

These scenarios may be very familiar to you or you would have at least read about them. We see many different types of domination – male domination, female domination etc. And every single one of those concepts is bull shit, because the fundamental concept of domination itself is flawed.

To a guy who thinks women are stupid and dumb, and that men are superior and women have no purpose but to serve men, I say “You are due at a psychiatrist asap. Women don’t need to serve under men. Just because they are different from men doesn’t mean they fall behind in your stupid race about superior species.”

To a woman who thinks men are nowhere near women’s intellect and abilities and men will always treat women like shit and so they have to prove them that they are superior, I say “Not all men are like that. And just because you hate being dominated, women dominating men is not the cure to abolishing the above mentioned guy’s mentality. It is very important for you to clarify what you are fighting against and how you go about doing the same.”

In short, the concept of domination is nothing but a mirage, a route to salvation that doesn’t exist. If there is anything that I would like to change in this world, it is that people understand this fact about domination and evolve.

Men and women are different and they have to co-exist. After all, we are all human beings.

Live and Let Live !

This article has been written for the "Time to Change" contest conducted by Indiblogger. Do check out the following link: www.facebook.com/sftimetochange 

English & Creativity

I created my first email ID in the year 2000 and it wasnt until a couple of years back that I entered the world of chatting. At first, it was brilliant but it wasnt long before I was hinted at the "chatting lingo".

I always thought I had a good command over English usage, but this chatting lingo took my inadequacy to a whole new level. I still remember the first time a friend pinged "lol" and I asked him what that meant. To which he irritatedly replied "Laugh Out Loud", as though I was expected to know that once I signed up for my email account. Neither of us laughed eventually. 

Days went by and thanks to google, I didnt have to ask such questions to my friends anymore. Some of the phrases I googled are ROFL, Ta, Ty, 5n..

I saw what was happening around me. And I tried to be on full guard by typing in the actual words. But the temptation of its ease of use, made me switch to using "u" instead of "you", "coz" instead of "because" etc. Just a bit relaxed. Only a bit !

But, really, it does turn on your creativity. When asking favours from my friends, I used to tell them "sorry for all the trouble", to which they would inevitably reply "No Problem" or "Anytime". Couple of months back, I said to my friend, for his help, "Sorry for being a PITA". It piqued his curiosity and he asked what it meant, to which I quietly replied "Pain In The Ass". We laughed and we ended up chatting for over an hour catching up on each others' lives. At least, something good came out of this open source dictionary.

This chatting lingo does have its drawbacks. In some situations, especially formal ones, it seeps through your normal writing skills as though you are switching over to a new personality. U kno wat I am talking about rite? gr8 ! And then I go about changing the language back to normal english. As the days wear on, this requirement for editing has become more frequent.

Its as though they both are in a wrestling match. English, on the right, like Batman, neatly dressed, stiff and strong. Chatting Lingo, seated on the left, like Joker, with a "cool" outfit, and with no sense of control. Both of them sitting across the table, with their arms locked and staring into each others' eyes.

And the Joker quietly says "This is what happens when an unstoppable force meets an immovable object... You truly are incorruptible, arent you? You wont kill me out of some misplaced sense of self-righteousness and I wont kill you because you are just too much fun. I think you and I are destined to do this forever."

The Lonely Shadow

I stood by in the darkness
Shying away from the Light
Scared to go out in the open
Alone by myself...

A beautiful girl came along
Retreating to the dark corner
In search of solitude
Away from all mockery
And invisible hands of society

We gave each other company
My voice gave her solace
And she quietly dispelled
The darkness all around

With every passing day
The world grew more beautiful
In the new found joy
We felt with each other

And then one day it happened
What they call a miracle
She held me tight
And said that I am hers
And hers alone forever

From the foundation of hope
Rose fast and high
A beautiful dream castle
Soaring through the skies

It was not long
Before the ill fated night
When the thunderbolt struck
When she said that I am not hers
And that I was just her shadow
Only to stand by her side forever

The castle came rattling down
Crashing through its foundation
The deafening sound echoed
Through the silent walls
And muted the silent scream
Of my broken concious self

I let go of her hand
And she kept walking
Into the light of freedom
In search of her love
While I retreated into the darkness
Where I now belong

The robes of black
Clothed me in full
And welcomed me back
Into its wide open arms

I blended with ease
Into the pitch dark night
For I am nothing
But just a lonely shadow.

The Double Edged Sword

A close friend of mine is getting engaged and then getting married in a couple of months. I am so happy for him that his life is going to the next stage and into a new dimension of responsibility and love. But at the same time, there was a slight pinch. That I am still single. Long ago, I had given up my hopes and handed over the reigns to my parents – “find me a girl and I will love the crap out of her”.

Its not jealousy. Its just a sudden reminder that your close friend got what you want, a bit sooner than you did. It made me wonder or rather ponder on a particular train of thought.

Why does everything have to have a pro and a con? I know its to maintain balance in Nature, to maintain the equilibrium. I also know the theory about the necessity of paradoxes to enjoy life. But every once in a while, in situations like this, it makes you ponder why does it have to be so! Even though you know the answer to your question. It just feels better to put the question out and what better place to put it than in this infinitely ever expanding cyberspace.

I guess I have to focus on the answer. That I have to sit through it and accept both the sides of the coin. All I can do now is focus more on the positive energies from this event that my close friend is moving on, rather than me moping around in the dark with a ridiculous question. However, on the bright side, fate will turn in my favour. Its just a matter of time ...