Friday, May 10, 2013

Quick Note: BJP's Karnataka loss, a death knell for Congress?

There are many many views expressed on Karnataka polls, but none close to the clarity and insight that of Ranganath of Public TV. 

So many people on the national TV seem to miss few key points why the polls turned out how they actually turned out.

Among so many reasons one strongest of the reasons, the very core which starts all the other 'corruption' 'infighting' reasons is this -- BJP made fatal errors of holding on the Yeddurappa for long time, longer than was needed even after he was directly under the fire of CBI, Courts and Lokayuktha. The biggest mistake of BJP was that it held on, awkwardly supported a case of evident wrong doing. The later developments were outgrowth of these BJP leadership's support to a corrupt-CM while so many able contenders were available to take reins.

The problem for Congress is simply this: IF this Karnataka polls is any template of public reaction to -- 1) Political parties protection and support to the tainted minsters, 2) Political parties' denial of the corruption and inaction to correct it; 3) and the BIG factor of Corruption itself! then Congress has had it. Congress will face devastating anti-incumbency factor coupled by 'corruption' and 'denial' related factors that are several factors of larger than what happened in Bellary. 

Simply put, the coming Lok Sabha elections could sound death knell to Congress' dominant status across the country.


Ps: 

1. Also, this would mean that early elections is pretty much ruled out. Congress will try to ride it to maximum time trying to give more freebies to blunt the edge as much as possible.

2. Large dominance of regional parties will make a real mess of coalition; unless BJP really rakes it in to become a dominant factor to run the country.

Thursday, March 21, 2013

HFT in India -> Getco comes to India


Getco, one of the world’s largest automated traders, has received regulatory approval to start operations in India, becoming the first western trading firm to tap into the country’s fast-growing electronic derivatives markets.

Indian regulators have allowed Getco to open an office in Mumbai, and to become a member of the National Stock Exchange of India, according to a filing on the NSE’s

Getco would trade equity options, rather than equities, a market in which a relatively high securities transaction levy and post-trade complications have created significant barriers to high-frequency trading in equities in India.

Source: FT

Tuesday, March 5, 2013

Making BSNL proud!

For past 2 weeks my internet has been down for some reason unfathomed. But I have a story to tell you about it.

BSNL, my provider, its customer care guys, more precisely the dumb buggers on the phone, were totally unhelpful. After repeated complaints I reached no where. While lots of things did get affected, I can never be really angry with BSNL. Never.

Anyway, I got back from the travel and spoke to the real people behind the desks. It startles me to say that they were so kind and good, and they attended to me like I was a Head of State or something. Though, it was never a matter of ego, the recepetion and the dedication with which they went about solving the problem was simply magnificient. I have used several other providers, but never this kind of personal touch - anytime, anywhere. Truly, the dedication blew me off! I don't think such a contribution can be expected from an executive who works for money, like is the case of most telecom firms, but this was more like a family.

Mind you this is from a guy who has to be online all through the day. Though in my 3 years plus of using this service, this is the first downtime, I am not terribly happy about it. I would have to objectively rate it as Average. However, it is the people behind the desks, who I would be willing to bet would be around for much longer than most private sector executives, who make the real difference in my experience.

Though occasionally I rant about BSNL and how patchy its services can be, I don't think there is any other provider who can make me sentimental enough to write a para or two in their praise.

Despite, the tough circumstances they are doing a marvellous job. Kudos to them.

Thursday, January 24, 2013

The fall of Twitter


The immediate motivation to write this article was this article on HBR "Its time to cut bank on Social Media

People who have been following me on Twitter by now know I have almost given up on it and people following my blog and stream as well know why I have give it up.

I keep coming back to it, again and again, the Twitter today is exponentially worse than it was when it started out. And it is getting nuttier and nuttier everyday. 

I do not intend to insult or insinuate any people out there, thats not the point, the point simply is this: Twitter earlier was a lake full of great and small fishes, today it is just an average lake with nothing special in it. Today if you were to look for great fishes here, you are most likely to get lost in the journey. The real problem is that you are unlikely to be aware of such a loss until its already damaging or too late.

To put it other way, Twitter was a great place to follow smart people. When it started out, it seemed as if only smart people were around, time-wasters, ranters, link-addicts and skirt chasers were all on FB or Orkut. But today we have seen a migration of all these 'elements' on to the twitter stream and its definitely polluting.

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It does not therefore come as a surprise that most of the smartest people I use to admire, follow and look up to, are barely on Twitter anymore. They are nowadays generous if they have five tweets a month! Most of the people who are smart and active, also have something - a product, a idea, a service, or a company - to sell to you these days.

Cutting down on the Twitter action has been massively good for my productivity, with no apparent loss in any information that will affect my actions at all! I can't explain that! I do sometimes miss the madness filled frenzy of attacking somebody or something like a pack of mad dogs on twitter. Such a thing and its temptation, thankfully is a thing of past. 

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For example: one of the smartest person I knew went from around 150-200 follows to 6000+ follows (when  I last checked). Interestingly, her activities fell sharply to near zero and today I am sure hates twitter.

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The problem is not the people per se but the noise. To put it blunt: From a conference table, Twitter has morphed into a fish market.

And doing something important even if cursorily using and under impact of such a noise is the worst thing that you can do for your profession and productivity.

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I find lots of good discussions happening at other forums where the digressions are near-zero and the noise levels are at good levels. The risk of operating in such an environment is less.

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To understand this, I cooked up a spreadsheet, with some common assumptions, to see how it affects.



Remember this is for a tweet count of 10 only! The worse the people are on the scale of sophistication, higher the tweet count is likely to be. This implies, that while the good people are likely to tweet less, less desirable people are gonna tweet like a clock; 40, 50, 100+ would be a minimum from them. This grossly skews noise-ratio to the maximum levels.

[The Risk-unit above is the assumed risk for exposing yourself to other ideas, dead-ends and low-productivity. Risk-manifest, another assumed unit, is calculation of such risks arising from the stream.]



Unsurprisingly, the chart of the risks to the number of follows goes exponential! It is important to remember this chart is fractal in nature, but obviously some amount of risk is actually very good, while over a limit and with high noise levels the results can be disastrous.

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Some ideas:

x. Don't tweet unless you have something very specific to say. Don't waste time on it.

x. This does not apply to you, if you have something to sell.

x. Don't follow people who have something to sell to you - even if they are gooood.

x. Follow the best of the best. There is absolutely no point in following the stupids and averages.

x. Follow people who add value to you

Friday, January 18, 2013

Online Petition. Read on.


On 28th July last year, members of the Hindu Jagarana Vedike attacked a group of innocent boys and girls who were celebrating a birthday at a homestay in Mangalore. 

Naveen Soorinje, an independent journalist bravely exposed this attack to the country. His report was vital evidence of the brutality of assault on the youth. 

Shockingly, he was arrested along with the 31 attackers by the Mangalore Police on 7th November ‘12 . He was framed with the same charges as the attackers.

As a journalist who worked in the region for four years, I am appalled by the police action. That is why I started a petition on Change.org telling Karnataka Home Minister of State, R. Ashok to drop all charges against Naveen Soorinje and release him from prison. Please join me and sign my petition.

Earlier this month, Minister Ashok assured journalists he would withdraw the case against Naveen. Yet nothing has happened. By turning up the pressure, hopefully we can encourage him to take action and free Naveen. 

Join me in telling Home Minister of State, R. Ashok to release Naveen Soorinje and drop all charges against him:

https://www.change.org/en-IN/petitions/release-naveen-soorinje-and-drop-all-charges-against-him-naveensoorinje?

More people signing the petition will ensure that the minister knows that many people condemn this arrest and are urging him to keep his word and free Naveen. 

Thank you for taking action

Sudipto Mondal

PS: Please forward this to your friends and family and ask them to sign my petition, telling Home Minister of Karnataka, R Ashok to release Naveen and drop all charges against him:

https://www.change.org/en-IN/petitions/release-naveen-soorinje-and-drop-all-charges-against-him-naveensoorinje?

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News Sources:

Guardian - Indian journalists fight to free jailed reporter who exposed attack on women: http://www.guardian.co.uk/media/greenslade/2013/jan/14/press-freedom-india

Hindu - Soorinje'sarrest termed a blatant attrempt to muzzle the press: http://www.thehindu.com/news/national/soorinjes-arrest-termed-a-blatant-attempt-to-muzzle-the-press/article4277156.ece

Deccan Herald - Editors guild asks Karnataka Govt. to release Soorinje: http://www.deccanherald.com/content/303835/editors-guild-asks-karna-govt.html

Hoot -  Messengers in the dock: http://www.thehoot.org/web/Messengers-in-the-dock/6137-1-1-6-true.html 
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