HCL+Apple

check this out: http://www.zeenews.com/articles.asp?rep=2&aid=298708&sid=ENV

Time to buy both HCL and Apple stocks I say, if this kicks off, we are in for a revolution. Just research on how Apple captured the European, American, and Australiasian markets. How quickly they pumped a near domination. And in India, they do not have ANY competition. This will be hot.

Whats in the run: Apple+HCL in selling:
Apple I-Pods
Apple Desktops
Apple Notebooks
Apple accesories
in INDIA.

HCL is to provide sales support and after sales service.

Watch out for: Just depends on how HCL manages to market the products and how fast they want to get going. A lack of competition might slow the initialization and realization process. Plus, the cost of Ipods still remains rather high, and the worst thing is that I-Tunes does not yet have an Indian store (But i heard something about one in the pipeline). If one wants to get music from overseas stores (dont know if its allowed) you gotta pay atleast Rs 50 a song!

Hope: The good news is content protection is less in India than in western countries, bolly music has nearly no copyright protection, and you can buy quality music from Airtel etc. Plus ripping MP3s is not that hard is it? PPl have been carrying around hard-drives everywhere anyway. And the most potent selling point is the prosumer cool image and brand value of Apple.


HCL-tech climed today on NSY, and is climbing on BSE right now!

A pity HCL infosys did not do as well on the stock makret last year! Even with their 5Bn Boeing contract, but still, you gotta wait on that atleast for a couple of years for that to kick in, The 787 hasnt left the design boards completly yet.

I am going for hold on HCL infosys and buy on HCL tech, what do you reckon? And for those on the NSY, who havent bought Apple yet.........all I can say is wake up!, its not too late yet!

All this only if you want exposure to the bluechips this year, not a good idea given the sensex's jumpy behaviour, but still if you are in the long run, and agile on your feet (well keyboard+mouse) then go for it.

-All views personal, no inside information, only analysis, No obligation.

Girish

Welcome, to a decade of Aerospace...

NOTE: This blog was meant to be posted last year in March, however somehow it did not get posted! It was saved instead as a draft, I guess its time has come!

"The coming decade, will see the Indian aviation and aerospace sector grow as a global power.."
- Praful Patel, Minister of civil aviation, India.

And why not? Last year 8 new airlines took to sky, and are flying succesfully, with more than 70% occupany rate. Last year, the prices of an aircraft ticket started seriously competing with those of Railways, Last year, the Indian Airshow was the biggest and best ever in the history of southeast Asia rivaling with the world, last year Indian aviation companies ordered a total of more than 150 airliners overseas, it is said that they pretty much breathed a new life into aerospace. Indian orders combined with chinese orders, pulled some of the Boeing plants from the verge of mass layoffs and under capacity production!

The ground is laid, we are witnessing a new market taking off in India, and there are going to be HUGE opportunities, and huge risks!

Political Khichadi

Having Manmohan Singh take the prime ministership was probably one of the smartest descisions taken by Sonia in the wake of the last elections. Because other than that, the UPA goverment has proven to be too slow, bugged, and tied down by the left wing, weak in showing decisive reforms, and in general has not llived up to India's expectations.

In a boom like the one we are experiencing there is a strong need for the goverment to take decisions quickly and effectively so as to not hamper the pace of reforms. But the UPA has consistently faltered on this account. Take the case of airport privatization, or the issue of infrastructure growth, or the issue of the recent caste quota. The charm of Honble Mahmohan Singh itself seems fading due to this incomeptence. Granted, the UPA has launched and nurtured various reforms, no taking away credit from them, but to me it is obvious that the pace is slow, and jittery.

For weeks now, the goverment is unable to come up with neither a proper explanation of its moves on caste quota, nor a solid plan that kills all doubts. There is just too much left pressure. For a fast growing India, we have to make sure that the next time we go to polls, we make sure that we dont elect a khichadi of diagonally opposit political thoughts that is UPA.

Maybe, just maybe the foreign investor was looking at what Manmohan and his gang was upto, he noticed their utter incompetence in speeding up the airport reforms, their shaky position on the infra reforms, and most recently, the unpopular descision of invoking more caste quotas in a society where thousands of qualified and able students are denied admission due to their caste. And a steamed up industry which is already feeling the crunch of talent shortage. A commitment to diversity, that is not! It didnt seem like UPA would even allow India inc. to do what it is doing best, it is even trying to force caste system there. Maybe the FIIs thought about that, and showed their silent but violent agitation by crashing the SENSEX?

What do you think..... I think it was the one Indian dish that the Americans didnt like!

Chala thode hasuyaa, or some lame title like that...

Hi,

Manmohan Singh to Bush - We are sending Indians to the moon next year.

Bush - Wow! How Many?

Manmohan Singh - 100

25 - OBC

25 - SC

20 - ST

5 - Handicapped

5 - Sports Persons

5 - Terrorist Affected

5 - Kashmiri Migrants

9 - Politicians

and if possible

.
.
.
.

1 - Astronnaut

source:Unknown

Devil's advocate

http://in.news.yahoo.com/060521/211/64f42.html

Arjun Singh being asked to explain his stand by Karan Thapar....

The end of the barrel

As thought of, the markets stabilize at 10500 atleast for now. There is strong support around that level. Probably a good time to hunt for bargains....

The breather of the bull

Yo-Yo, that's the word that comes to mind when you look at the market's behaviour in the last week. There has been much written, and definatley much more spoken about the fall, the rise, and the crash. I am not going to repeat everything, nor am I going to predict anything about the near future, I am just going to use this entry as a tool to channelise and organize all the thoughts that I have:

Lets start with history, 2005 and early 2006 saw nearly a 70% rise in the market! A thing unheard of, nearly everyday was a new peak. What were the factors behind this boom?

1. The India shining story: Phrase started by the BJP in the last elections, the story had a lot of ground to it. India is shining, never before have we seen so many choices thrown upon the Indian consumer, and never before has the consumer had so much power to avail the choics. The biggest reason being the growing middle class popluation, fueled by IT, BPO, and the manufacturing sectors. A growing buying capacity indicated growth in the economy, rising profit levels of India inc. and hence strong market returns.
2. FII investment: Fuelled largely by the ultimate lack of any returns on debt investments overall in the developed world. The only place to get any returns was the stock market. The not so great condition of the European economy, and political unrest in other rising markets made India the obvious choice. Plus there were the returns and the tax benifits for the NRI.
3. The emergence of the common investor: With FD interest rates hardly equating the inflation rate, there was no wealth growth in the debt market. Excited by the India shining story and the natural tendency to follow the leaders (FII, HighNetWorth individuals etc) the common investor jumped in the market.
4. Funds ahoy: The logical outcome of 3 was the increased investment in Mutual Funds. With never before seen levels of investments the MFs went under high pressure to deliver.
   
5. Misc: Including the govts promise to invest more in infrastructure, rising pharma market, emergence of a retail market, burgeoning malls and cineplexes.

The result was an amazing growth of the SENSEX index. Equity MFs posting yearly gains of above 80%, and huge forex reserves. But there were some pecularities in the market. Think the MFs, they come in various flavours. The standard growth option based on a diverse portfolio and targeted towards risk minimization posted equal gains to options that were aggressive and aiming towards midcaps, and rising stocks. Now, a standard growth option should give you realistic returns of about 22% in a normal year, and aggressive options should give you above 60% in a phenomenal year like the last one (according to most financial advisors). Assuming ofcourse, potent fund strategy, and competent managment. But what do we see? Aggressive and midcap funds have given lower or atleast equal returns w.r.t. growth options. Alarm bells, it is logical that bigger a company the lower can its growth rate be. A smaller company punches a lot more growth potential due to its small size and efficiency. A risk adverse growth fund should be investing in bigger companies, and when these companies are posting as big rises in stock value as smaller companies which had the potential to make it big, there is something amiss. It becomes apparent that the valuation of stocks of those bigger companies were based not only on their balance sheets but also the investor mentality.

So why does a stock rise, the fundamental reason should be the growing confidence in the company, confidence that promises higher profit levels on the coming balance sheet, hence promise of larger dividents and increasing net worth of the company. However, the reason that is prominent in the market is a different falvour of the fundamental one: what the investor thiks of the company. FIIs came in, and invested in the bigcaps, why, because they could not afford to go through the painstaking evaluation and researc that goes along with picking the best emerging stocks. They are not local, so they lack local knowledg and local presence. They did hire consultants, but their main aim was to make big money, and not let the capital erode. Investing in emerging companies has its own risks, so they preffered the bigger ones. Result, high growth the stock value of the leading companies, luring the common investor towards them and resulting in high valuation of the Index. With even the most liberal indicators and a bit of common sense it is apparent that the current bull run rate is hard to sustain.

So, when the FIIs saw problems back home they decided that now is the time to book profits. Since their home markets are not performing, the only way to keep their investor happy is to post highest possible gains even in a dipping home ecomony, so sell stocks that have a high value somewhere else, and keep your investor happy. Hence the big drawout. And now the herd chain starts, the FIIs pulled money, the common investor got scared, and why shouldnt he, he has liablities, he might have had loans against his shares, he might have invested with a fixed amount of capital appreciation in his mind, so he too withdrew, cashed his profit and decided to wait. Stop losses got triggered, banks sold shares against which they had given loans, and the market slid.

But a rather logical thing followed, the MFs, although their NAVs went down (since the stocks that the NAVs were composed of went down) they kept on buying, buying selling and buying. That might explains the rises in the stock markets early in every trade day. Its logical that MFs usually tend to do their buying as early as possible, since they are the ones who are dedicated more than the common investor to get up and go to the market. Why, coz its their core buisness. Plus, even though the FIIs have been net sellers, they have not been complete offloaders, they have also bought stocks and hunted for bargains.

So how far have the market slidden, what does this mean for the DISCIPLINED common investor. If you had a portfolio started around begining 2005 and compromizing of 60% blue chips, 30% midcaps (medium risk) and 10% high risk stars you would see that you were still in the green. Even with todays stock prices, you would have posted atleast 25% profit. And 25% returns on your investment in one year, is exactly the thing a disciplined investor, with little amount of time to invest in the market should be aiming for. Speculation, riding the tides, market surfing and all that is not the cake for your common investor. Who is busy with something else in the day, observes the market for not more than 30mins in a day, and makes his descisions with a long term in the view.

But as a smart disciplined investor, you should have also had your stop losses rising in sync with the indexex, and when the shares fell from their seemingly stable peak, you would have came out with some cash in your hand. There is support for the market at 10000 level, and if you are smart you will buy back your shares (putting further stop loss that still keeps your profit level acceptable) and wait withthe cash you just made to see if the market falls even more. If it does, you would have reinvested some of the profit cash (keeping your predetermined profit levels aside and safe in the debt market) in shares that you thought were worth it.

In times like this, and a growing economy like India, it pays to be smart and disciplined.

But what about the future, will the stocks rise? Rise they will, because the economic fundamentals are in place, but how early and in what fashion.

1. The return of the FII?: Where else will they go? Brazil, mexico, russia etc are in political unrest, Europe is looking down, asia is bearish, and India promises growth.
   
2. Global outlook: DOW posted gains on firday, if this is the end of a correction in DOW it might be also the end of a correction in BSE. So back com the FIIs.
   
3. Strong economic fundamentals: Cheap labour, diverse labour, good talent pool are still there. Problems are seen though for sustaning growth rate, however India inc. has performed well in the past in managing these problems and entrepreneuring new solutions. So good economic fundamentals and growth rate of GDP of atleast 7% should be realistic.
   
4. Rising expenses in India inc.: IT Salaries are rising, this might tip the balance sheet towards red, but the real story is with rising salaries the Indians are working harder than ever before. 10hr days are pretty much the norm, attrition is strong, indicating a growing demand for talent. Not many permenant jobs abroad for IT, indicating retaining or returning of foreign educated talent (at higher rates). Growth in training centers, indicating better skills in employees. HR ppl looking at less attrition prone sections of the educated class to enter IT, e.g. BSCs BAs etc. They are even willing to train them. All these point towards a growth phase when India inc tries to stabilize itself and ensures that sustainable growth can be achieved. This will cost money, so dont expect the next two years balance sheets to go very green in the IT sector. Stock value rise is still promising, but not as high as recent past. In a long term view go very bullish.
   
5. Rising consumer power: But on the other hand, increasing salaries, and widespread job market indicates growing consumer power. Emerging middle class, keen on spending in the consumer goods market. Sectors to look out for Fast moving consumer goods and durable consumer goods. Growth is obvious. But the sectoral market is diverse, profit levels are not even accross the sector. FMCG funds might be a good idea.
   
6. Energy market: ONGC, RELIANCE etc all investing in new projects, indicates reallocation of capital in milking cows that wont milk untill they come of age. So patience and long term is the view in the energy and power market. On the other hand, the demand is huge for energy, so there will be pressure to perform, expect slow growth this year.
   
7. Infra growth: The infra growth in the past two years has been dissapointing. The mixed UPA govt with a strong left wing is not able to make reforms at the pace it was expected to. This will continue atleast till the next election. But there is demand for improved infra, infra is hitting our economy and Manmohan and his gang know that. Hopefully slow but solid growth.
8. Airlines: They dont come recommended for the common investor, unless ofcourse you really know the business. Airline business is tricky, the growth will be tremendous (around 25%) but whether profits will rise is a question. There is a fare war, rising oil prices, and new entrants. All might last, but whether all will show profits is a question. Be aware of mergers. There is a requirement for airlines to market their business better, but right now they are in a capital acquisition phase (buying airliners, developing airports etc), once this is done there should be more spend on marketing and hence rise in profit. Go bullish but with a long term view.Deccan IPO, dont buy unless Deccan shows better profits. Jet, maybe a good buy next year. Within a couple of years expect TV ads for airlines and easier ticket buying systems. As soon as they are aired, go bullish.
9. Metals and oil (commodities): Hmm, hard to say, there is demand, but.... I am going to steer clear of this one, coz this is one of the markets where you need a helluva lot of inside info.
   
10. Index growth: Considering all this, the general sentiment this year should be of the bull, but a cautious one. The markets will rise, but not as fast as last year, one can hope for a stable growth, but indicators show that there will be some yo-yoing. Atleast everytime untill some other unforseen or ground braking factors jump in.

One thing is clear, you cannot expect a decent oldage income, and wealth generation with investment only in the debt market, you must expose yourselves to equity, atleat to MFs. Oh yeah, and btw, buy as much real estate as you can as fast as possible. Not to worry about the casual ups and downs in the real estate market, they should give in to a big upwards looking arrow down the track.

I must in the end draw a clichè conclusion, DISCIPLINE is the key to make your wealth grow in the Indian equity market, or for that matter any equity market. But as clichèd the conclusion is, unfortunatley it is not yet understood by you and me......

Bluff master

The movie. Its an ok movie, the plot is interesting, different and rather cool. Acting is decent, Abhishek has done good and so have the others. However the Doctor's character doesn't come out correctly. The pace is leisurely, for once Bollywood has resorted to under-stated style of cinematography. But the style gives a feeling of something missing, I don't think anything is, but its just that I have been conditioned to expect a more dishum-dishum style from bolly.

But the thing that really caught my interest and made me take the bother to write about it was the beautiful picturization of Mumbai. All through the film you can see aesthetic backdrops from Mumbai's local scenery. Green parks, tall skylines, immaculately designed homes/buildings, awesome cars, well dressed ppl. Its a relief to the eye after seeing the horrible images that WTO and other charitable institutes like to portray of India here in Europe. Who can blame them, poverty sells and gets them charity.

But still, for once here is a movie that I can give to my German friends and say: look, not all Indian movies have SrK in them, and India too has its share of urban beauty.

Monkey army

It is said that Rama recruited an army of monkeys to fight against Ravana( the demon). I am sure, however, that those monkeys, even with their bloated faces, hairy bodies, flowing tails and in general other monkey like features had infinitely more human sense, than the so calls shiv sainiks.

Every year, as the world draws Cupid paintings and the sale of chocolates and red roses shoot up, our modern day shiv sainiks pull their behinds out of Mumbais ex dance bars, keep aside their fancy foreign liqueur, stop stuffing their faces along road side chinese dhabas and go around town breaking and vandalizing for the sake of "preservation of Indian culture".

They say that valentine's day celebrations are against Indian culture and destroy the values and ethics of this country. What culture are they talking about? Isn't India the country that gave the world the Kamasutra, a country which defined the meaning of physical love on a spiritual basis, and a culture that worships a legend who while having the incredible wisdom of writing the Gita has also the incredible humanness of running behind women and stealing their clothes?

Free expression of natural love for the sake of its spirituality has never been a taboo in the old Indian culture, only after the arrival of Muslims and middle eastern/medival western mentalities has the Indian culture has begun to hide the woman and scandalized any affection towards her. So the shiv sainiks, who apparently love hindutva and want to hold up for it, seem to have forgotten the basic morale and value of Hindutva: CHANGE WITH THE TIME!

If some people sell some stuff and make money on selling out the Cupid, what's their problem? Not only are they affecting the love struck youth but also degrading the economy and going against the Indian constitution which gives any of its citizens the freedom of chice in believing whatever fancies them. It is shocking that in a republican democracy such self appointed morale police actually exist and are tolerated by the public. These are nothing but mornoic petty criminals.

The only thing I can gather by this shiv sainik barrage against expressing love is that these people having never thought of women as anything but objects of physical desire, do not understand the spirituality of loving a woman.

I for one, am never going to vote for Bal Thackerey and his gang of monkeys again. Raj Thackrey on the other hand seems to have formed a more sensible party, a party that chooses to express its apathy towards the valentines day in a more peacefull manner.

These shiv sainiks are degrading and bringing shame to Shivaji's name much more than any scandals that Lain might like to picture the Chatrapati in.

Airports Privatized

WOooooooooooooooooooooooHOooooooooooooooooooooooooo

The Indian government has finally demonstrated its commitment to taking strong steps towards privatization. Amid phenomenal protest from the AAI baabus the government has decided to go ahead with the plans of privatizing the Mumbai and Delhi international airports.

So what's happening:

• 1. New Delhi: GMR Fraport has bagged the deal for modernization and running of the airport. They were initially not the best bidder, however due to their demonstrated ability to build, maintain and manage airports they were offered a chance for rebidding.
• 2. Mumbai: GVP-Airports south Africa have bagged the deal. Since Fraport chose to go for the New Delhi airport.

Reliance was left hapless as both the deals slipped from their hands, and they have started crying about loud and threatening to take legal action saying their bids were not properly considered. It was quiet obvious from the beginning though that Fraport will bag atleast one deal, since they were technically the most experienced and efficient.

Gone are the days of sleazy airport workers, smelly terminals, nonexistent duty free shopping, rude customs officers, and dodgy checkin officers. We can look forward to some good stuff from both these consortia. I have been to the Frankfurt airport (managed by Fraport), Europe's second largest airport, it is an amazing example of German efficiency how they have managed to keep the airport working so efficiently even with unplanned expansions and increasing traffic.

I hope they repeat the performance in India.

PS: Interesting point: The UPA goverment for sure will tout the deal to show their commitment to a modern India. But lest we forget, the actual plan to modernize the airports and privatize them was kicked off by the BJP goverment early last year!

Defining Irony

A rather disturbing incidence took place yesterday at the Srinagar airport. A Sahara airlines plane literally bumped into an Air India plane after getting the clearance to land on the same runway by apparantly overworked ATC (Air traffic control) tower. The passengers were lucky survive, a midrunway collision with the landing plane more than 250km/h would have surely resulted in total annihilation.

The incidence points out the dire need of modernization at Indian airports, but what is apparantly more interesting is the take on the incidence by the Indian express. Check out the wording:

"Hundreds of passengers had a close shave today, when two planes—a Sahara Airliner and an Air India plane, carrying Haj pilgrims—grazed each other at the Srinagar airport."

Frolicking around with words on an incidence that might have costed the lives of nearly 300 passengers.....

A new definition of Irony that is.

The full report is on:

http://www.indianexpress.com/full_story.php?content_id=86912

India vs China

As sleazy as the heading may sound, this one is going to be about economy again.

The biggest buzz on US, and European media is about the India vs China issue, an issue that the media has invented for itself. It is rather peculiar of modern civilization that whenever they see two comparable entities trying to succeed they assume that they would be competing each other. Although both the countries are talking about symbiotic growth, and both do have extremely specific strengths and weaknesses, it is pretty apparent that they are aiming for the same stake in the market through different approaches. In other words, competing.

On one side we have China, a juggernaut with forced efficiency, little opposing forces and hence concentrated strength to one and only one goal. MONEY. They have the cheap labor, industries, infrastructure, and most importantly the power to make the laborers work in any condition.

On the other hand we have India, a multifaceted, diverse, fused, contradicting mix of cultures, peoples and views who all want to have a say. The only problem is, they want to have it at the same time, resulting obviously in clamor and apparent chaos. Indeed, this is the first impression of many foreigners have of India. The delicate balance of forces and the fact that not everyone agrees on one point, or even has a point are things that Indians have taken forgranted for the last 50 years. The knack of always thinking locally but being aware of the big picture is infact the main reason why today's Indian thinks on global terms, acts on global terms and competes on global terms . So our apparent weakness has turned to our strength!

It has made us adopt a foreign language, a language of our previous oppressors whom we so enthusiastically kicked out. Logic would dictate that we overthrow their customs and language, but it is our diversity and the ability to think in the bigger picture that we retained the gift of global perspectives that the British gave us.

And a decision well made I say!

btw. NY time's interesting take on India's presence at the World Economic Forum in Davos Switzerland
http://www.nytimes.com/2006/01/26/business/worldbusiness/26india.html

I like the last paragraph, free Ipods with Indian music on, if you needed proof on Indian entrepreneurship look no further...

Airports India, Good news...

BTW, to avoid suspense the self appointed special panel of ministers have declared that airports will be privatized and they will select a bidder in the next two days. Hallelujah the system does work!

Now for the background fundaas,
So, since new airlines are springing up and the aviation sector is booming like there is no tomorrow (Air India ordered 68 brand new Boeing planes, and this is an airline that had no new plane till last year! other airlines went crazy too, it was almost ludicrous at a point, my German friends were asking me if I was going to set up an Airline too, hmmm maybe.......). The airlines and the investors were obviously not happy with the current pathetic (ill)condition of our airports and the government decided to pull up its sleeves and modernize the airports.

Manmohan Singh's government and Praful Patel decided that airports had to be privatized to allow for foreign investment and some efficiency. So bids were invited from eligible investors. However, the leftist supporting wing in the coalition started crying about privatization, and were supported by airport baabus who were afraid of loosing their cushy jobs and the "incentives" that they would get in it, slowing down the process and at a point even threatening to grind it to a halt, staging strikes and everything. It was while following the news that I was so frustrated, the decision was delayed twice, big players like Singapore Changi airport commission withdrew, Sridharan and his gang of bureaucrats advised a re-bidding while the communist wing and airport employees association were staging dharanas and strikes all the time. It looked like the end of the tunnel was leading to a darker pit. And hence the frustrated blog entry......

Well anyway, it is all good now, a decision will be made, airports will be privatized and efficiency will restore. For once I am sure that atleast after a couple of years I won't have to bear sneering remarks from foreigners about the shanty condition of Indian airports while I am abroad, and a bright shiny revamped terminal will welcome me home......

Dream on I say!

ps. for the interested reader this news link covers the whole issue quiet concisely:
http://www.btimes.com.my/Current_News/BT/Wednesday/Corporate/BT546313.txt/Article/

Errata, or correction to post:
The plans to privatize airports were actually kicked off by the BJP (NDA) goverment early last year, the UPA goverment is doing a great job in navigating them though...

Airports India

The state of the affairs is simply unacceptable, I am totally convinced. As I walked into the Mumbai airport's international hanger run by Air India last year, I was embrassed to be an Indian. The sleazy, greedy eyed airport officials, in faded blue unclean uniforms were bugging foreigners, desis (especially ladies travelling alone) to "hire" their services in order to get some excess baggage through, or jump a queue. In other words, they were offering illegal services, and the police didnt seem to give a rat's behind. Then there were other idiot officials pretending to give unwanted help to foreigners and begging for tips in return. It was so disgusting that I was ashamed of being an Indian. This has to stop, and that is for sure.

The ideal way would have been for the Aiports Authority of India (AAI) to strap their shoes and get rid of this nuisance already. But seeing as they have not been able to curb it, the only other way is to get a profit motivated private firm in charge in order to clean up the bull that's lying around and get affairs in order.

So, the next time you see a demonstration of indian airport workers opposing privatization, dont't fool yourself in thinking that every single one of them is an honest to heart worker who only cares about the community and the poor. Half the place is full of sleazy, corrupt baabus who need a kick on their lazy buttocks to clear their heads. People that we Indians have been so accustomed to around in other state run offices.

Privatization will surely mean a few job cuts in order to INCREASE efficiency at airports, which are already seriously over-manned with officials standing around looking like dumb lamposts all day and biding their time by resorting to corruption. But if the result is a fresh, clean, and efficient airport, which is not only a bliss for the desi traveller but a great first impression on the foreign visitor; then its worth it!

Its a growing economy anyway, if you have the skills you will find a job.

AI

You cannot know perfectly the past, you cannot perfectly predict the future, and you hardly understand the present... then what should be the truth?

Maybe the truth lies in your want to understand. Maybe it is the fact that we try to understand and know our world is what makes us different, I mean isn't that intelligent afterall. But I think the strogest connotation of intalligence is not only the understanding or perception, rather it is the ability to change the environemnt to serve the required purpose. The purpose can be something simple, e.g. it is too cold, cold must be avoided, build a shelter and generate heat to warm the shelter. This process indicated a simple chain of events and rationale that may define intelligent interference with the environement. The logical outcome is that the intelligent being will use his perceptory skills to study the environemnt, use his logical skills to learn about the environment and then employ the resources at his hand to creatively alter the evironment to suite his needs, i.e. build a shelter. It would also be appropriate to say that the being will try to optimize its results.

However, environment is a very deceptive word, the evironment is as rigid as it can be fictious, because your interaction with the evironement are limited by your perception, and your ability to change the environemnt is limited by your resources. Then, learning and trying to change the environemnts should also indicate changes in understanding of the environemnt and one's capablity and the desire of the intelligent being to be optimal.

So, why 22.847297049248

So....now this is the first entry of this blog, I would really really like it to be something meaningfull and interesting and something that really states the purpose of this blog.


Ahh welll, such is life... right!