Corpus - The Rupee Tumble and Financial Stability

Photo by micheile henderson on Unsplash

"Beware of little expenses; a small leak will sink a great ship." - Benjamin Franklin 

 

      A year back, I was pondering a good bank balance - a good corpus to maintain in case one wants to retire early or be financially free to make major career changes. This was indeed a personal growth quest.

    A tweet/post by a New York City based girl helped me set initial compass or say benchmark. She had set a target of $200,000 before leaving her regular job and building her own venture. I found it a reasonable and ambitious goal, especially considering I am earning in Rupee and at that time one USD equalled about INR 87. And therefore, the $200,000 target translated into about  ₹17,400,000 at the time of beginning. If I started saving amount equivalent to my entire monthly salary at that time it would mean regular investment for well over a decade and a half (actually some bit longer).

Serenity

Photo by Javardh on Unsplash

“Out beyond ideas of wrongdoing
and rightdoing there is a field.
I'll meet you there.

When the soul lies down in that grass
the world is too full to talk about.”
― Rumi

    The fight is within. The fight is in accepting that everything is not in one's control. Neither I have to be blamed for everything nor I have to be absolved. Some say intention matters, if that's the case mine was never impure. I need not submit to any single philosophy, logic, idea fully but sometime the way forward is to lean onto any idea that just reduces the chaos and brings about peace. It may not be the most constructive or romantic way, but might be suitable in practical reality.

 

Beef Over Beef

Farmers at work in Myanmar

The politicians in India are debating diet of nation, some of them with quite loose tongues (Sangeet Som, Manohar Lal Khattar, Assasuddin Owaisi, Mohammad Azam to name a few). Meanwhile, the filth elected by popular mandate has forgot that alternative to beef is pulses, with regards to protein content and as a staple component of Indian diet and at Rs 200/kg those are now costlier than beef. So, while beef is a politically ill-advised diet, pulses are no longer pocket friendly.

This brings us to focus of government in last 1 year and 6 months. Mr. Modi has been on a world tour attracting investment in Indian manufacturing sector, the Make In India programme and his passion for providing Facebook to every Indian is world famous. The effort has attracted investments, albeit it seems directed wrongly. The country needs to focus on infrastructure, but politicians (including Mr.Arun Jaitley) have forgotten the infrastructure is not only railways and roadways (Mr. Gadkari might, dreamily, relay whole Indian highway network and go gung-ho about it). It also includes support and networks for an agrarian economy, alternative energy schemes, housing schemes which are affordable. Clean India campaign is very praise-worthy and some impact is visible now-a-days. Yoga politics is a personal choice with little or no implication outside RSS shakhas.

The current vision and policy seems to be short-sighted and should, probably, be revised to focus on modernizing the farms of India. And modernization is not to be confused with mechanization. The entrepreneurs in India today are well placed to help develop alternative crop collection, storage, sorting and distribution systems and also market them. Replacing red-tape ridden food programmes of governments. With large, educated workforce, a big part of which are engineers, doctors, managers, agriculturists the focus ought to be on incensing them to work in creative endeavours like rural economy and not jumping into urban rat-race or chasing an unreal American dream, loaned by corporations.

There have been reports and observations of a collapsed real-estate sector. The reason for which are misplaced focus on developing luxury housing, ignoring the sustained demands for low-cost housing. An unsold inventory of nearly a million apartments indicates stagnation in demand of such projects and a bad case of hollow urbanization of a truly rural nation, such 'development' is resulting in loss of prime agricultural lands in Doab regions of Ganga and Yamuna and pressurising resources in other parts of India.

Ideas in this post might sound socialist, but are truthfully capitalist and rightist on any economic parameter and if India's right wing fails to steer it forward in those directions, that would be the true failure of the Indian mandate and the Modi government. The beef would be then with the rightist hope and missed opportunity of a global scale.

The Detroit Red

Malcolm X in March 1964

"There is no better than adversity. Every defeat, every heartbreak, every loss, contains its own seed, its own lesson on how to improve your performance next time." — Malcolm X

While anger is something we are taught to contain, it certainly is one of the purest emotions. An angry person is a spontaneous person, the best he can be. What an angry person says is not fabricated, it is simply the truth from his perspective. But, historically very few have been able to articulate their anger creatively. Most have simply gone destructive. 

    To this end Malcolm X, the personification of anger, is a figure to look up to. One prime figure of American Black Rights Movement, he embodied a personality that was magnetic as well as one that could inspire fear. He was rightfully angry for the basics he was denied as a citizen of a nation, but more so as a human. His championship for rights of people, he considered brothers has been fierce and unabashed and essentially not concealed by garb of nonviolence.