Saturday, October 31, 2015


I had written earlier about BPL a manufacturing plant that thrived in Bangalore for many years in the business of making TV sets.

Much of the manufacturing was handled by team of engineering people. One key person was mr. K T Vijayakrishnan..starting with BPL somewhere in 1973 he went on to serve the enterprise with distinction until his demise somewhere in 1997. I used to see him in the plants many times late at night.

Hats off to the dedication he brought to BPL and its progress during this era.

Saturday, October 10, 2015


There is an interesting and worth visiting venue some 110 kilometers from Bangalore called  Shivanasamudra....many know about it,,,,,some have heard about it and a sizeable must have visited it. It is truly majestic and enigmatic structure with an astounding view.

Strictly speaking the Shivanasamudra has two components a the Ganganchukki and Barachukki and I hope I have encrypted correctly. Talakad is close to this place.

It is Ganganchukki many people visit. When  some  one is at this place there is a stairway that goes downwards to a vantage view of the entire  set of falls. There is Hydroelectric  plant  to the left side which has tapped one of these falls to generate electricity. When at Ganganchuki at an elevation is a land mass close to which is Barachukki which means it is on the other side and possibly the water that comes into Ganganchukki comes from Barachukki. At full bloom it is a treat to see these falls.

Some six kilometres away is Barachukki on negotiating a bridge one comes to this point.This truly a very nice spot properly developed by the Government in the way of a well planned and set stairway that takes one downwards into a bed way of rocks from which can be seen the Barachukki falls. It is truly majestic and one gets few meters from the falls. The interesting part of this place is that tourists can tip-toe over boulders in shallow water and reach few meters from the falls.Many people enjoy the water at this place.

It needs an entire day to see and enjoy both Shivanasamudra and Talakad...the entire adventure would take three and a half hours of travel one way and one hour each at Ganganchukki...Barachukki ...and Talakad.


At the Lowry Memorial School there was a Lady of Anglo Indian or possibly of fully Anglican descent by name Mrs. Balentine who used to teach Mathematics at Elementary School. She was a dynamic woman who had a passion for Children and must have been some fifty odd years when she was teaching at Elementary school in 1975. She used to use the phrase pitchy-maddy at erring students. She along with her older sister used to live at a residence near the old Main Gate of the School.

Some how I suddenly remembered this lady and thought she needed reckoning for  the services she rendered to us as children.

Thursday, October 1, 2015

The Paradox of Stealth

Economics of Saving is a very important component of Macro Economics and Global Economics. Saving and Savings by itself provide various safe-guards to the Economy. Point 1 It prevents people hoarding money in their private domain and denying some form of circulation...Point 2 by default organized Banking institutions increase the worth of money...Point 3 money can be deployed into sectors of the economy where it is badly needed and finally Banks provide a safe haven and prevents crimes of theft.

Banking Institutions in India are an important life-line of the Economy and provides a frame work for social security and given the higher levels of population and density of population as seen in India Banking will have a say which will increase manifold in the future considering the fact that a large sector of the population is still un-Banked. Conversely said as the number of people inducted into the banking system increases more the stability of Banks a feature characteristic of India to the possible exclusion of many other countries of the World and also note that banking in India is a hundred year old phenomenon.

Alongside Banking is the activity of stock-broking which could be called as Corporate Banking if one would say so..a higher risk venture of directly investing in Companies through shares through Stock exchanges and the like and expecting rewards...this is banking through investments in Corporates a form of exchange found in many countries of the world today and supports and co-exists with the conventional banking system and set to morph and evolve in many ways.

For a moment let us focus on the conventional Banking system which is familiar and prevalent and is for practical purposes collector of money from the public; large sums at times to be lent in the public domain and is a lawful responsibility of individuals to do so and support the financial system.

What is the Paradox of Stealth ? A wealthy man who has invested in the Banking system whose money increases proportionately and unencumbered with time feels famished and poor and counts only his liquidity as his source of wealth and not the Deposits he has and note that this paradox is more prevalent with term deposits as against conventional Savings. He deceives himself into believing he is much less richer than what he is because much of the wealth is invisible and sometimes concealed in the Banking System.

This phenomenon can be seen more so in the Working sections of the population who are still over dependant on their employment though they are seemingly well-off and fail to take advantage of their position some times for various reasons.

How can someone avoid the Paradox of Stealth ?

One ..properly accounting for his long term and short term liquidity needs

Two..Assessing periodically his return from the Banking System

Three..Measure reasonably the Economic significance of Employment at any given instance

finally take decisions taking the full position and not the stealthy position.