welome twist and a Paradigm shift to help the poor But PM MODI has to act against the economic criminals

Speaking  at  Varanasi, his home  constituency now our PM   Modi has resolved that he will do in 50 months what others failed to do in 50 years and for the first time in his cool outburst he has not blamed any party or  government for the neglect of the poor and perpetuation of poverty and that he will make a new beginning in creating conditions for the establishment of a state which will commit itself to raise the welfare of the poor. Thank you Mr MODI.   But there are issues and problems in translating the ideal into reality.

All of us know that with simple brute majority and sidelining of   the old bandicoots to the notional roles  and without any fear of losing throne to anyone  ,Our PM has extensively traveled around the world, a sort of record ? to say with the  intention to  safeguard the nation’s economic and political interests. I do not question this role as foreign PM. But his presence and action as domestic PM is more important than that.Addressing NRIs is of no use to tackle our poverty .WE must act here .Let us hope that by encouraging banking habits among the poor and making the money to circulate among them  MR MODI wants to give  a welcome twist and thus a Paradigm shift in “Garibi Hatao” strategy.

So far, so good. I would like to bring to the kind attention of our rulers that many nationalized banks given  a huge amount of money to the moneyed people  the so called industrialists and they have never bothered to repay the substantial part of the loan.As a result the nonperforming asset portifolio of our nationalized banks have increased to a Himalayan proportion. This simply means  many rogues and criminals with the help of the vested interest in banking and politics have swallowed many lakhs of corers of rupees. How can we recycle bank loan when huge amount given ,as loans(other peoples money/deposits) will never be repaid.

Will the PM have guts and determination to confiscate the properties of these economic criminals inclusive of their relatives’ properties and also bring the concealed money abroad.Unless this is done and the crime is punished there is no economic salvation for the poor?

Having voted for you and not for your Party and still having faith in you that you will behave differently   people like us have every right to demand  ACTION

Against the cumulative economic frauds and crime committed under successive economic regime.This further means that the PM has to take the road less traveled by others.If that will to take an unorthodox route is taken  PM can accomplish a lot not in 50 months  but just 5 months.

Is this the way to reap the demographic dividend:More than 230000 applications for 368 peon posts?

The Times Of India"s news today reads as follows: 23 lakh application for368 peon posts;the number of applicants is almost half of the population of Lucknow.the distressing fact however is thatmore than 200000 applicants are having BTech ,BSc, MSc and MCom degrees.The list also includes 225 Phds.Is this the way we are going to reap the demographic dividend?

What is happening to the educational system?The data just do no mention the degree and magnitude of unemployment among the educated but in essence the shallowness and crookedness of the education sector and the shamelessness and hopelessness of the so called educated.What else you can expect in a country where a person could become VC with fake Publications and absolutely a sterile academic profile.

with seventh pay commission promising at least a modest hike the amount of bribe expected by the vested interests in all probability will go up.when good drives bad from circulation  a la the Gresham Law at work how can good and qualified candidates get job?

Lawyers complaining about the judges' unfair play and the inquiry planned against the former CIJ and his relatives foe amassing huge wealth far beyond their income earning capacity and the faculty fighting for VC post like rotten rats particularly those who have a fraudulent birth certificates and the so called scholars extending support for these criminals speaks of the structural retrogression that has taken place in our academic corridors.

where is the fractured India heading towards?Do we have elementary guts to weed out the poisonous snakes,  meaning the rampant corrupt elements profiting by way of Projects and conferences and looting the exchequer, and not at all taking classes the function of the university teacher.

when getting degree and appointments get monetised and the best and brightest marginalized, we can get  the kind of news  the TIMES OF INDIA has reported today. 

Mahe college Alumni Meet of the first batch 70-72:Part 2

Fresh from Madras  Presidency college (June1970) I joined the Mahatma Gandhi Government Pre-Degree college at Mahe on 6^th August 1970There were as many as more than 30 candidates appeared for one Assistant Prof Post.First rank/First class  in the college and the gold medal combined with my Professor’s presence at the interview board and more importantly the honest Education Secretary Mr Saminathan enabled me to come out of the ordeal.The divine grace operated through them and my hard working parents’ genes bristling with professional ethics played no less an important role in my selection.

  I was just 20 plus at that time although my certificate age  which was on the higher side would say and suggest falsely that I was22 plus. I distinctly remember the journey from Salem by Mangalore mail and on the way i was just mesmerised by the breathtaking beauty of Kerala soil and of course the people. When the train stopped at Mahe station it was raining heavily and one friendly soul helped lift the green suitcase on his head and guided me. From there it was just 1 km plus  to the rest house near the roaring Arabian Sea mingling with Mahe river in the east.

It was a pleasant shock to know that the college was housed in one high school building just on the edge of the river. The Ambassador taxi was virtually wading through the flood of water before it halted before the guest house where I met my senior colleagues Professors H N Elangovan of Zoology and R Viswanathan of botany senior people who had earlier worked at Anna Arts college Karaikal.

 I saw water everywhere and the nature was in full fury and bounty. After taking shower in chill cold water I joined them for lunch .The taste of hot rice and fish curry prepared by Satthu  still lingers in my taste .It was not the memory of  just food alone and all the pleasantest  feelings enveloped me when i made this third trip to see my old set of students who were teenagers then ,and 60 plus adult now. It was really an occasion to savour and remember and I can only record a fraction of what I felt and experienced.

Reflecting on the first Alumni Meet of the first batch students of Mahe college 1970-72) -Part 1

I returned from Mahe today after attending the First  Alumini/Family  Meet of the first batch (1970-72) students of Mahatma Gandhi Government Pre-Degree college held on Sunday (13/09/2015).Before going to Mahe thanks to the ground efforts done by one of my former students A P Mohanan  I could  get down at Calicut and move up towards the famous tourist spot , Wayanadu, in the god’s own country , for a brief spell of two days and one  night in the pleasant company of one of my students from Kashmir. After five days travel I feel tired, but also refreshed.  

The meeting of my old students who are at 60 plus now along with their better-half ,children and grandchildren was indeed a memorable  one off event – the most pleasantest occasion which will ever be cherished in memory. Many of them were  in the  early teenage and a quite a few of them were on the threshold of twenties then. The college and the principal as also the faculty members were all new and many had their access to education because of  the establishment of this new college. Despite the ageing process on both sides I could  see  the same boyish and girlish enthusiasm, inclusive of the sparkle in their eyes and smile on the face were clearly visible .M Balakrishnan,who  came to be later  known  as  Kodiyeri Balakrishan(former kerala Minister and currently MLA and an important CPM politburo  member) our  third group student, was the special invitee to inaugurate the Alumni meet and  he delivered  the inaugural address.this is my third trip in the last three or four years.That means for nearly four decades plus since my delinking of Mahe I could neither visit the place nor meet my former students with the exception of one or two in the Pondicherry town or university campus. Like a child I had my own longing to see my mother/nature and like an ardent lover I also wanted to see and smell the waves of the Arabian sea fused with the Mahe puzha(river) and the air breathed by the students who are old now, but not forgetting the past.The event proved that past cannot be a false memory

Transplanting to Bharathidasan college play school helped Akshaya to grow( 09/09/2009):from my dateless diary

Yesterday was also a day when I saw Akshaya

In full form, displaying her academic prowess,

 Combined with her acting skill and pranks.

Besides acquiring from the family tree genes,

Bharathidasan college Play school has also added

The much needed multiplier effect and

She must help generate the beneficial externalities later.

In retrospect it is greatly gratifying, transplanting her

From Immaculate-the dense environ more suffocating,

To the enchanting garden of Bharathidasan was a wise decision

And that has made all the difference.

In this welcome transformation can we ignore the role of the

Tuition teacher who was fond of Akshaya, more like a friend

A guru with a mother’s passion and concern, providing

All the protective wings to fly, to greater heights.

Like many other children of today, my granddaughter(s) too

Will excel in studies and  outsmart their elder ones in the family.

That is the only salvation for the country which is soaked in

Unbridled rampant corruption and inexplicable chaos..

Macro economics too deserted me like my better half:from my dateless diary(09/09/2009)

Paul Krugman’s article has come at a right time

To rejuvenate my interest in macro economics

A branch which I loved and embraced most

Like my better-half all through my life.

In our long journey of life, both academic and marital

The former had always outsmarted the latter.

The Result:

The Lady I loved profoundly, profusely and more passionately

Had developed,  thousand and one resentment against me.

As if to give a company- a sort of demonstration effect,

Macro too deserted and distanced me.

Of course the case is different here.

At the University for MIM/MBA students I had to handle

At a different level and certain theoretical refinements

Escaped from my purview although later I did full justice

In Going deeper into Open Economy macro economics and

The state of the art developments in exchange rate economics.

When will I have time to read and re-read them again

And give an elementary running commentary on Pre-Keynes

And post- Keynes developments in economics fusing with

The contemporary currency crisis economics for the

Lesser privileged persons like me.

Will providence force and propel me to work.(09/09/2009)

Note:I feel the time has come now(September 2015) to revisit the entire economics file and the books by removing the dust and slowly start writing afresh.will the providence guide and goad me to work?!I am not sure but I will try

Close on the heels of the financial crisis of 2007-08,

John Maynard Keynes has been rediscovered and reinvented;

I feel vindicated, amply rewarded and greatly honoured for

My admiration for Keynes for long even while the

Mainstream economics, market economics led by

Rational expectation fame Robert Lucas and others

Discredited Keynes and Keynesian economics and

Calling them as interesting fairy tales and treating them

As a matter of no consequence or significance on

Both theoretical side  and practical plane.

Like an ordinary devotee elevated to an exalted status

And an affectionate mother taken care of by his son,

I feel vindicated by my infatuation with Keynes.

My illiteracy of econometrics and my critical inability

To get attracted by the mathematization of the subject

Have all proved to be a blessing in disguise.