Category: India

Preparing for the Game

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My eyes are dry But my palms are wet

Dampened now By the cold cold sweat

My temples throb Lips start to twitch

Just stay cool I chant the cliche

 

Fear takes hold  My ears ring with buzzing sound

Legs start to shake But I manage to hold my ground

For as I enter This colossal game

I reflect after this Nothing will remain the same

 

On the day of reckoning Men shine apart from the boys

And from the manifold sorrows Seize their respective joys

 

Where I will end up I pause to think While my eyes stare empty Forgotten to blink
I may win I may lose a few important still is to enjoy it too
the playing of the game between me and you

 

 

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The impact of currency fluctuations on outsourcing businesses globally

 

The impact of currency fluctuations on outsourcing businesses globally.

If you have a current offshore team in a different country/currency zone then you may find that the significant cost savings from outsourcing have vanished due to currency fluctuations that occur for reasons like earthquakes, war or oil- something which is outside the core competency of your business corporation. As off shoring companies incur cost in local currencies but gain revenue in American Dollars and Euro (mostly), they pass on these fluctuating costs to their customers but rarely pass along discounts on existing contracts. Sometimes the offshoring contract actually gains from currency fluctuations.The Indian rupee has fluctuated from  43.62 Rupees per USD (04-01-2005) to 48.58 (12-31-2008) to the current value of 44.65.This makes for a volatility component of almost 10 percentage points to the revenue and profit margins of an off shoring vendor. Inflation in India has been growing at 8.5 % and the annual increase in salaries has been around 10-15 % for the past few years. Offshoring vendors have been known to cut back on quality in recruitment when costs have risen historically, and the current attrition rate in Indian ITES is almost 17%.
This raises important questions for companies going for global bids for the offshoring contracts. Should macroeconomic indicators like currency fluctuations, wage-inflation be part of the request for proposal process (RFP). Would vendors be comfortable in disclosing the ratio of salary costs to billing revenue. Should dips in service quality be penalized by customer. Most importantly, while going in for a multi year contract, the projection of fore-casted savings may vary greatly due to extraneous factors.
(this article was originally written for and published by http://www.indiasoftwarebrief.com/ in their daily newsletter and their socail media channel- see http://www.linkedin.com/groups/impact-currency-fluctuations-on-outsourcing-3825591.S.48411960)

 

 

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Book Reviews- Hindu Myths- Mere Christianity

A statue of Hindu deity Shiva in a temple in B...
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Over the month long break I took, I was helping firm up my ideas for R for Analytics , I also took a break and read some books. Here are brief reviews of two, three of them-

1) Hindu Myths

This is a classical book translated from original Sanskrit written by Professor Wendy O Flaherty of University of Chicago. I found some of the older myths very interesting in terms of contradictions, retelling the same story in a modified way by another classic, the beautiful poetic and fantastic imagery evoked by Hindu myths. Some stories are as relevant in prayers, fasts and religious ceremonies as they were around 11000 years while most have morphed , edited or even distorted.

It should help the non Indian reader understand why hundreds of millions of conservative Indians worship Shiv Ling ( or literally an idol of the Phallus of Shiva), the Hindu two cents of creation of the universe, and the somewhat fantastic stories on super heroes /gods/ in the ancient world.

The book suffers from a few drawbacks in my opinion-

1) Sanskrit is a bit like Latin- you can lose not just the flavor but original meaning of words and situational context. Some of the stories made better sense when i read a more recent Hindi translation.

2) An excessive emphasis on sexual imagery rather than emotional imagery. The author seems wonder struck to read and translate ancient indians were so matter of fact about physical relationships. However the words were always written in discrete poetic than crass soft pornography.

3) Almost no drawings or figures. This makes the book a bit dense to read at 300 pages.

I liked another book on Hindu Myths (Myth= Mithya which I read in 2009) and you can see if you can read it if you find the topic interesting.

A Handbook of Hindu Mythology

Hindus have one God.
They also have 330 million gods: male gods, female gods, personal gods, family gods, household gods, village gods, gods of space and time, gods for specific castes and particular professions, gods who reside in trees, in animals, in minerals, in geometrical patterns and in man-made objects.
Then there are a whole host of demons.
But no Devil.


Mere Christianity by C S Lewis is a classic book on reinterpreting Christianity in modern times. However the author wrote this when World War 2 was on and it seems more like a British or Anglo Saxon interpretation of beliefs of Christ Jesus– who was actually a Jewish teacher born in Middle East Asia.

While the language and reading makes it much easier to read- it is recommended more at Western audiences, than Eastern ones, as it seems some of the parables are a more palatable re interpretation of the New Testament. The Bible is a deceptively easy book to read, the language is short and beautiful-and the original parables in the Gospels remain powerful easy to understand.

C S Lewis tends to emphasize morality than religiosity or faith, and there is not much comparison with any other faith or alternative morality. Dumbing down the Bible so as to market it better to reluctant consumers seems to be Mr Lewis intention and it is not as scholarly a work as an exercise in pure prose.

However it is quite good as a self improvement book and is quite better than the “You Can Win” kind of books or even business concept books.

Note- I find reading books on religion as good exercises in reading the fountain source of philosophies. As a polytheist- I tend to read more than one faith.

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Visiting Vaisno Devi

Vaishno Devi Bhawan
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Just back from a pilgrimage or a hike of 25 kilometers —http://en.wikipedia.org/wiki/Vaishno_Devi

Vaishno Devi Mandir (Hindi: वैष्णोदेवी मन्दिर) is one of the holiest Hindu temples dedicated to Shakti, located in the hills of Vaishno Devi, Jammu and Kashmir, India. In Hinduism, Vaishno Devi, also known as Mata Rani and Vaishnavi, is a manifestation of the Mother Goddess.

The temple is near the town of Katra, in the Reasi district in the state of Jammu and Kashmir. It is one of the most revered places of worship in Northern India. The shrine is at an altitude of 5200 feet and a distance of approximately 14 kilometres (8.4 miles) from Katra.[1] Approximately 8 million pilgrims (yatris) visit the temple every year[2]

 

 

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China -United States -The Third Opium War

U.S.troops in China during the Boxer Rebellion...
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A brief glance through http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt

shows that while US added 600 billion of debt during the past one year, the Chinese actually reduced their exposure by 50 billion Dollars.

so who has been financing the debt for the US for the past one year- It is Japan- eager to keep its currency down and United Kingdom which has pumped in an extra 300 billion of T Bills.

See the whole table at official link above or at goo.gl/qMugp

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China still remembers the Opium Wars in which the then ruling Anglo Saxon superpower used naval superiority to enforce trade and eventual political dependency. Is China unsure of the United States brotherly nice  intentions? They certainly seem to be putting their money that way.

http://en.wikipedia.org/wiki/Opium_Wars

Britain forced the Chinese government into signing theTreaty of Nanking and the Treaty of Tianjin, also known as the Unequal Treaties, which included provisions for the opening of additional ports to unrestricted foreign trade, for fixed tariffs; for the recognition of both countries as equal in correspondence; and for the cession of Hong Kong to Britain. The British also gained extraterritorial rights. Several countries followed Britain and sought similar agreements with China. Many Chinese found these agreements humiliating and these sentiments contributed to the Taiping Rebellion (1850–1864), the Boxer Rebellion (1899–1901), and the downfall of the Qing Dynasty in 1912, putting an end to dynastic China.

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The Koreans can always be depended on provide the first shot in any conflict- and though Anglo-US-Chinese conflict would be expensive- I guess as long as the cost of outstanding debt with China is less than cost of a brief -techno-war , we would see interesting games in this neighborhood. Note China restricts major trade with United States particularly in software, internet services (like Web Advertising, Facebook, Twitter ) and represents a lucrative market for big pharma (especially in psychiatric drugs) and big tech once it reforms its intellectual property rights. Software would be the opium of the 21st Century- if Chinese resist the Treasury Bills as their poppy flowers. The widespread Western media coverage of school kids murders by pyschopaths is also a trade tactic to encourage flow of more US made medicine in the Chinese market.

It would also help create an economic revival in the United States to exaggerate the Chinese threat (remember Sputnik) and build up its own cyber spending. Any military or cyber humiliation for the ruling party in China can help create a political vacuum for more malleable and agreeable alternatives to emerge.

(to be continued)

 

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American Decline- Why outsourcing doesnt make sense

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Here is a celebrated graphic from an American journalist using U.S. Department of Labor’s Bureau of Labor Statistics. It is a good example of using time as a dimension for animation- and heat maps for geography enabled visualizations.

————————–According to the U.S. Department of Labor’s Bureau of Labor Statistics, there are nearly 31 million people currently unemployed — that’s including those involuntarily working part time and those who want a job, but have given up on trying to find one. In the face of the worst economic upheaval since the Great Depression, millions of Americans are hurting. “The Decline: The Geography of a Recession,” as created by labor writer LaToya Egwuekwe, serves as a vivid representation of just how much. Watch the deteriorating transformation of the U.S. economy from January 2007 — approximately one year before the start of the recession — to the most recent unemployment data available today. Original link: http://www.latoyaegwuekwe.com/geographyofarecession.html. For more information, email latoya.egwuekwe@yahoo.com

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31 million unemployed- Does a US corporation seriously think that it can build everything OUTSIDE America and SELL INSIDE America. or who think it is okay intellectual property continues to be stolen as long as labor is cheap.

Shame on you if you outsourced your neighbour’s jobs- or would rather hire in a geography where they steal your intellectual property.

 

This Christmastime – May the Ghost of  the Unemployed Family Christmases visit you in your sleep instead.

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