Drive towards Consolidation in Banking Industry

I had the opportunity to attend a Banking Conference in Mumbai organised by IBA & FICCI. The Theme was “Navigating succesfully in an uncertain world”. Speakers discussed about the current financial crisis and what needs to be done.  Some of the points that regularly featured in most speaker’s action plan or suggestions where: Increase Capital ...

Urbanisation

Urbanisation, the phenomenon that is sweeping through the world and silently causing more harm than benefit to mankind, has been praised for the economic development of the poor. It has been said that the world will be more Urban than Rural (which it has been since time immemorial) in the days to come. What is ...

Foreign Investments in an Economy

Disclaimer: This post purely represents my personal Thoughts only and nobody else’s. Most people when asked what is needed for a country to grow will say Foreign Investment flows into the country are vital to the growth and the pace of growth of the country. Now, I don’t challenge the conception/theory, but I differ in ...

MRTS

I am a regular commuter in the MRTS in Chennai. I find it the best and most convenient way to reach my office in ELNET (Opp. Tiruvanmiyur Station) on a weekday. Observing the MRTS for the past one year, I wonder about the negligence of the Railway Authorities. Most of the Stations on the Phase ...

Alert! Korean & Chinese Made Mobile Phone Owners in India

Recently Government of India has proposed to ban all Korean & Chinese made Mobile phones in view of the security Threat Posed by them since they do not have IMEI numbers and it is difficult to trace them without IMEI number. In view of the recent bomb blasts in various places across India and the ...

Empty Air India Flight – Drain on Tax Payer’s Money

Our return trip from Mumbai to Chennai was booked on Jet Airways (2020HRS flight). Unfortunately they had cancelled the flight, we got an sms a day before we were supposed to start from Mumbai. Since our hotel was adjacent to the Airport in Mumbai, we went to the Jet Airways Reservation Counter to clarify. We ...

Kindfisher Airlines – Low Cost or Full Service?

I travelled to Mumbai from Chennai on 6th for a Banking Conference. We had our tickets booked in Kingfisher Airlines. I had a lot of expectations esp. after hearing about the superior service of the Airlines. We had a surprise in store for us when we board the flight – we realised a little later ...

What is the Indian FM doing?

What is the Finance Minister of India trying to do? If you ask me I will say – He is preparing for Elections rather than try to save the fundamentals of the economy. He is bullying the banks to cut interest rates; trying to paint a bright picture to hide the gloomy reality of Indian ...

Power Crisis

Are we (read: public) doing anything to combat the Power Crisis that we are currently facing in this City (Chennai), State (TN), Country (India)? The answer is a BIG NO. In fact, other than the fact that we are not able to use ACs or watch out favourite serials/movies or sometimes not able to use ...

IRCTC – E-Ticket – Change in Rules for ID Proof

IRCTC has changed the rules for Proof of Identify for e-tickets. Now it is not necessary to specify the person and the ID details. Any one of the passengers need to carry one of the specified proof of identity (Voter ID card/ Passport/PAN Card/Driving License/Photo Identity Card) along with the Electronic Reservation Slip (ERS). Earlier ...