Yantrakaal

Many professionals in the corporate sector, who enjoy handsome take home salaries today dream of early retirement. The thought of being free from client and performance pressures and the lure of chasing down all those hobbies that one had to sacrifice at the alter of the corporate employer is extremely seductive. But an early retirement would mean that one should have a corpus of money that should be enough to cover the household expenses for the rest of ones life and that of the spouse. So how much money must one have on retirement day so as to sustain the lifestyle that one is accustomed to ?  How should one calculate what is required ? Consider the following points Inflation will increase your household expenses every year ? And this increase is not a simple linear expenses. It will follow the compound interest law.  Your corpus will also grow as per the compound interest law. Interest rates are corelated to inflation. When inflation goes up, so does interest rates...

Now that I have grabbed your attention with a couple of big and high sounding words let me justify their use in the title of this post. In any discussion of the Indian State, the first image that pops into our mind is that of the parade with which our armed forces salute the State -- through the person of the President -- on Republic Day. The spectacular nature of this parade, the precision with which the contingents -- both military and civilian ones -- walk, move, act and enact various scenarios is of course something to be proud of but the tragedy of the parade lies in the fact that it has no relation to the way the State actually works outside the parade route. Were we to move away from Rajpath and step into the dungeons of any sarkari daftar , the reality that will confront us is terrifying. Decrepit and stained with betel juice and with piles of dusty files covering innumerable empty desks, government offices -- whether central, state, municipal, panchayat or public sector ...

With an obsession with placements , Business schools in India -- IIMs not excluded -- have degenerated into thinly disguised placement agencies or at best glorified vocational schools. The compartmentalisation of B-school curriculum into the four principal management functions, namely Finance, Marketing, Human Resources and Systems and Operations reflects this mindset. These are the four principal kinds of tasks that a manager is expected to perform and B-schools pat themselves on the back if they can teach these four skills to the satisfaction of the recruiting companies. [ Though in reality, companies that hire from B-Schools do not seem to care for even this skill ...] Unfortunately, this puts B-schools in the category of vocational schools or V-schools If we draw an analogy with engineering schools, this approach would mean that students are taught workshop practice -- chipping, fitting, foundry, welding -- assembling circuit boards or laying out wires for electrical circuits ...

Why do students queue up to get into B-Schools, especially the more well known ones ? And why are some B-Schools more well known than the others ? Both questions are in fact two sides of a more fundamental question - what value does a B-School bring to the table ? and the answer to both questions can be found in the placement history of B-Schools in general and specific schools in particular. Students join B-Schools because they believe -- and in many cases, quite rightly, that it is a ticket to a high paying job and some B-Schools are more well known than others because their students end up with more, better or higher-paying jobs. But why blame B-Schools for this trend. In the 70s, 80s and even as late as the 90s when unemployment was the dominant feature of the economic landscape of India, students would throng the gates of the Engineering schools because because that was seen as the most sure shot ticket to a good job. Students who had neither the inclination nor the aptitude...

Sandhi puja is perhaps the most significant event in the entire sequence of rituals that constitute the autumnal adoration of the Goddess -- the Durga Puja, but not too many are aware of the legends that have invested this event with the aura of extreme sanctity. Sandhi means junction and in this case it is the junction between the eighth and ninth lunar day after the first new moon that occurs after the sun moves into Virgo -- as per the Hindu zodiac, which lags the Christian zodiac by the Ayanamsa value of around 23 degrees. That is why the ritual is performed in the last 24 mins of the Ashtami ( the 8th lunar day ) and the first 24 mins of Navami (the 9th lunar day). Legend says the Goddess in her manifestation of the Mahishasur-mardini, the destroyer of the evil ogre who took the form of a buffalo or Mahish, performed her deed at this precise moment and so at this auspicious hour the manifestation of divinity is at its peak in the clay image that is generally used to represent...

Maureen Dowd in her op-ed article -- Blue is the new Black -- published in the New York Times has referred to a survey that, if really true, should force us to seriously rethink the outcome of the War of Civilisations. But first what is this survey all about ? " According to the General Social Survey, which has tracked Americans’ mood since 1972, and five other major studies around the world, women are getting gloomier and men are getting happier " .... First there is no further reference to this General Social Survey and to the five other major studies ... but we shall let that pass and focus what appears to be the core of Dowd's hypothesis. The reason that women are getting gloomier is because they have more choice today ! In the past, before feminist activism unshackled women from petty domesticity, women lived lives that were tightly controlled by the men in the family -- father, husband, father-in-law and son. They basically did what they were told to do ... and tha...

The evening of Mahasaptami at Sonartoree, Prantik, Birbhum