Inflation . Rava Dosa & Kaapi

Indian inflation at its all time high and is heading towards 13 % . Prices of food, oil ,steel and cement , the prime movers of any industry & the key indicators of any robust economy have hit their all time high.

Oil first crossed the magic number of $100 a barrel and now hovering at a little over $145 a barrel . It was exactly at 1/3 a little 5 years back.

I had been recently to a jewel shop along with my friend & was surprised only to find it packed to its full. I also happen to visit a revenue sub registrars office and the place was swarming with its usual crowd , touts & brokers. The day I visited around 9 properties in the range of 50 – 90 lacs got registered.

Recently one of the leading realty promoter came with big ticket investments costing up ward of 1 crore for a 3 BHK apartment and another in the range of 15 crores for an high end condo. I also got to know that majority of these got booked in the first 10 days.

RBIhad increases its Prime lending rate upwards, PC in his Endeavour too increased the excise duty on the automobiles , in an attempt to put a brake ont he inflation. This coupled with high interest rate coupled with excise increase and the spiraling fuel could have only painted a grey picture fro the auto industry , but then the auto industry too fared pretty well last month

In actual terms , we see only the demand – supply equation perfectly well & its gonna be n exclusive growth , with the below poverty line crowd bearing the major brunt.

The fact is the crisis could have been still worse.,with the US economic slowdown & possible spillover to the developing economies. India has manged to remain greatly unaffected,owing to its nascent credit/ derivative markets and a good regulated securities trading.

Well whatever the case may be I could say , I too had been victimized in the present schem of things. , For what I got for 20 bucks ( 1 Onion Rava Dosa & a Coffee ) once upon a time ( 2 weeks back.....) , I have started paying up 22.50 ! !

Whats in a Name

On 12th April,1982 , a great soul stepped in to this world and was then named
Natarajan Venkatraman Sarmanaha :

Then dues course of time it took various etymological twists

Nat
Natti
Natty
Nut
Nut Bolt
Nutz & Boltz
Natti kutti
Natti patty
Natti Shitty Patty
Nadarasa
Natu rotti papu rotti
Mech Nut

And after entering the corporate world and being for 5 years ,Be it Indian or a korean this is what reverberates everywhere

“Nattu “

The Summer of 2003

It was way back in 2003,When we were all out of the college & were either placed or being in the process of hunting for a job . A typical day would start at around 5 30 in the morning , when all would assemble at either of Natesa Nagar mottai madi and would play a great game of cricket ,this would go on till 9 .

After an interval of say 2 hours all would again confluence at place for the never ending brain biting literature sessions laced with ultimate comedies . This would be wound up say at 4 ,when people shift to out doors ,and the hands that held the cards would start wielding the ball and bat.

This would continue till 7 , people would disperse soon after ,only to reassemble at the park at 9 .Long chat sessions on job,Interviews,movies ,out bound visits would soon churn out , and this 2 kms walk would have taken us to the “ Happy Cool Inn “ by then .
All would treat themselves with the great Fresh Lime ( Rs.5 a glass was the only affordable on at that point of time ) .Walk back and to crash at respective homes only to start the routine ,the very next day .

The Summer of ’03 (I would cherish this the same way as summer of ’69) was indeed a memorable on in all our lives. This was the longest summer hols we had enjoyed.The game of mottai madi was devised in this summer ( Also check http://natrajvenkatraman.blogspot.com/2006/04/tryst-with-mottai-madi-cricket.html) . This summer also bought out all the old chininmates once again back , who otherwise were forced to part or found little time for their buddies ion the 4 long grueling UG .”Kaakha Kaakha” got released . Many started to earn their own first penny in this summer.

Those were the best days of my life ................ oh yeah .............
Will it come back ???

Our promises ,What are we fooling around ...?

The presidential run campaign in a country was there running in front of me .The candidates were talking on promises ,promises to deliver the best to tomorrow’s children , the best that they can deliver ,so that they don’t know what it is to be deprived of ….

Though these might be a standard text format ,being tailor made with some context drawn to the local socio & political climate ,the bottom line remains the same elsewhere in this world too .

I’m sure our children as well as ourselves are going to be neither spared form huge taxes , the rising prices ,inflation , rising interests , huge realty speculations. You have a retro perspective ,I’m sure it is going to be a more Herculean task to provide basic infrastructures including sanitation ,drinking water , motor able roads.

Banks / Institutions lend money to people to make investments like stocks ,shares , futures, commodity etc, with auto , home being exempted . people borrow money and lend to others in anticipation of a big speculation which in the end turns out to be a big far* . Such complex financial innovations can lead to catastrophe phenomenon casting the whole world, Sub prime being the best example in this context . Lending loan to a person at a higher rate who doesn’t qualify for a loan might be stupid idea ,a common man would say , but these were the things that some bright ivy league whiz kids were loitering with in their blue shirts before the bull

So what are we talking about , a whole new promising world to our kids , whom are we fooling around …… ?