Thursday, July 10, 2014

Bollineni Hillside Atrocities

If you are a potential buyer of a dwelling unit in Chennai and lured by TV commercials, this might be a handy information. Also refer to this link

Following the below letter to Agni gas, we spoke to Agni gas owner and Bollineni Hillside employee Balasubramaniam today (07-Jul-2014). They threatened to file defamatory case against me when sought to respond the below letter.

That has provoked me to publish the letter here.


1.       Mr. Maram Muralidhar
          M/s. Agni Gas Technologies Private Limited,
          No.6, Rams Flat 2,
          Sambandam Street,
          Chennai – 17.

2.       Mr. Chitra Kumar,
          M/s. Agni Gas Technologies Private Limited,
          No.6, Rams Flat 2,
          Sambandam Street,
          Chennai – 17.


          I am a resident at Bollineni Hillside where you are providing piped cooking gas. On 14-June-2014 your person refused to recharge the prepaid gas card bluntly. Also the reason quoted for not doing top-up of gas card balance was shocking.

Your Agni gas is refusing to provide me gas supply, stating the alleged financial transactional issues between me with the BSCPL Infrastructure Limited, who has been promoting Bollineni Hillside township. The builder is charging arbitrary high amount in the name of maintenance bills every month.

When sought clarification about the bills, the builder has stopped all possible services to me for the last 20 months, including (but not limited to) not attending maintenance complaints and not proving power backup, but still continue to charge Rs.4,941 (Rupees Four Thousand Nine Hundred and Forty one) every month. Now you are also joining hands with BSCPL Infrastructure Limited in coercing me to pay whatever bills he is generating without questioning the rationale behind such bills.

At this juncture, it is important to recall a psychical attack carried out by your Agni Gas employee Mr.Johnson on one of the residents in April 2013. Your employee Mr. Johnson got into the financial transactional issues between the builder and residents, demanded the resident to pay the dues to the builder, refused to recharge the gas and also brutally attacked the resident which resulted in multiple fractures. Subsequently the residents lodged a  complaint at the Pallikaranai Police Station.

Subsequent to the April 2013 incident, you stayed away from the transactional issues within the Bollineni Hillside township. But recently your actions are clearly out of your scope. I am taken by surprise to observe that Agni Gas is acting as a collection agency for BSCPL Infrastructure Limited. A gas agency becoming collection agency is a dangerous thing for the residents of Bollineni Hillside and their peaceful living.

In these circumstances it leaves me no choice other than formally requesting you to provide gas supply to me as per government norms, instead of acting as the private army of BSCPL Infrastructure. I request confirmation about the same from you and also that you will not get involved in the maintenance bill amount related disputes between the builder and residents.

I am looking forward to your positive response and action within 7 days from the receipt of this notice. Failing to take this matter seriously and still acting on the behest of the BSCPL Infrastructure Limited will result in further legal action and subsequent complaints to Bharat Gas.

Thanking You,
                                       Yours sincerely,
  1. Recent maintenance bill from BSCPL to me
Copy to:-
The Regional Manager
LPG Business Unit
Bharat Petroleum Corporation Limited
1 Ranganathan Gardens,
Off 11th Main Road,
Chennai - 40
Ph: 044 26213914

Friday, March 28, 2014

The business of baby names

I don't think Steven D. Levitt and Stephen J. Dubner are going to sue me for doing this. Below portion taken from Freakonomics.

Very interesting rational book - a good chapter that would interest any parent naming her newborn baby.

"The belief in parental power is manifest in the first official act a parent commits: giving the baby a name. As any modern parent knows, the baby-naming industry is booming, as evidenced by a proliferation of books, websites, and baby-name consultants. Many parents seem to believe that a child cannot prosper unless it is hitched to the right name; names are seen to carry great aesthetic or even predictive powers.

This might explain why, in 1958, a New York City man named Robert Lane decided to call his baby son Winner. The Lanes, who lived in a housing project in Harlem, already had several children, each with a fairly typical name. But this boy—well, Robert Lane apparently had a special feeling about this one. Winner Lane: how could he fail with a name like that?

Three years later, the Lanes had another baby boy, their seventh and last child. For reasons that no one can quite pin down today, Robert decided to name this boy Loser. It doesn’t appear that Robert was unhappy about the new baby; he just seemed to get a kick out of the name’s bookend effect. First a Winner, now a Loser. But if Winner Lane could hardly be expected to fail, could Loser Lane possibly succeed?

Loser Lane did in fact succeed. He went to prep school on a scholarship, graduated from Lafayette College in Pennsylvania, and joined the New York Police Department (this was his mother’s longtime wish), where he made detective and, eventually, sergeant. Although he never hid his name, many people were uncomfortable using it. “So I have a bunch of names,” he says today, “from Jimmy to James to whatever they want to call you. Timmy. But they rarely call you Loser.” Once in a while, he said, “they throw a French twist on it: ‘Losier.’ ” To his police colleagues, he is known as Lou.

And what of his brother with the can’t-miss name? The most noteworthy achievement of Winner Lane, now in his midforties, is the sheer length of his criminal record: nearly three dozen arrests for burglary, domestic violence, trespassing, resisting arrest, and other mayhem.

These days, Loser and Winner barely speak. The father who named them is no longer alive. Clearly he had the right idea—that naming is destiny—but he must have gotten the boys mixed up."


Friday, November 29, 2013

IT Industry Novel in Tamil

My novel based on software industry, Borrowed Girlfriend, is coming up in Tamil through Uyirmmai Publication with the title Iraval Kaathali (இரவல் காதலி).

It will be available in 2014 January Chennai Book Fair ..

Thursday, September 12, 2013

How to make money in Stock Market in India

- Chellamuthu Kuppusamy

Whenever I meet people who happened to know about my book, I am invariably asked set of questions.

a)      How do you get time? What makes you to write?
b)      What company can be bought now? What share can I buy now?

Handling the first question is relatively easier. Second one is as embarrassing as the queries involving how many copies are sold and how much royalty I earn etc. These questions come from people who are aware of the fact that I am not into the stock broking business and that writing is not my full-time profession. It is very difficult to say no to these questions, read requests, seeking stock recommendations. It takes a lot of politeness and courage to encourage them to do their own analysis and stock selection.

Firstly, vast majority of friends who seek stock recommendation advice know little about the fundamentals of capital markets. Asking for a share market tips is like asking, ‘How to hit a sixer?’ without knowing the rules of Cricket. To quote from the 9th chapter ‘Analysing the Stocks’ introduction from the book The Science of StockMarket Investment - Practical Guide to Intelligent Investors:

//We discussed about the structure and functioning of the stockmarket in previous chapters. They can be compared with the description, “Thereare two sets of three sticks are fixed at 22 feet distance. You have a pair ofbatsmen in the middle, a bowler bowling at them, a wicket keeper and then ninemore fielders” that introduces the basics of the game of cricket. Everything wehad gone through so far is nothing but a similar description about theinvestment game – kind of ‘know what’.

Which deliveries to defend? Which ones to go after? Whichone to leave to the keeper? – Intricacies like these are yet to discussed. Nextsix chapters should serve this purpose as they aim to present such techniquesand approaches. One should develop his own rules and selection criteria beforepouring in his money into the stocks. That is what we are going to share, learnand unlearn, if needed. In short, we can term these as ‘know how’.//

Books like these only help in understanding the rules of the game and various shots such as cover drives, hook shots, inside out shots, helicopter shots, reverse sweeps etc. I do recommend and encourage friends to read this book, for that matter any other good investment book, before trying their fortunes in the marketplace. I also personally vouch to refund the money if they are not happy with the book.

While getting an idea about know whatand know howin Cricket does not make a person the next Sachin Tendulkar, we don’t have such limitations in share market. No one selects or drops us from team unless we chose to do so.

Friday, August 30, 2013

RBI Governor Subbarao's last public speech

Outgoing RBI Governor Subbarao delivered his last public speech in his capacity as the head of India’s central bank. It will go down in the history as one of the important speeches. It sounded much like his appraisal discussion, in front of a large audience J

His finishing touch was fabulous:
A final thought on this issue of autonomy and accountability. There has been a lot of media coverage on policy differences between the government and the Reserve Bank. Gerard Schroeder, the former German Chancellor, once said, “I am often frustrated by the the Bundesbank. But thank God, it exists.” I do hope Finance Minister Chidambaram will one day say, “I am often frustrated by the Reserve Bank, so frustrated that I want to go for a walk, even if I have to walk alone. But thank God, the Reserve Bank exists.”

I only quote a section of his speech related to current problem about CAD and exchange rate crisis.

//Remember, I began my speech with the old Chinese saying - “May you live in interesting times.” So, as inflation began to moderate yielding space for monetary easing to support growth, we got caught up with external sector strains over the last two years and a sharp depreciation of the rupee over the last three months. There has been dismay about the ferocity of depreciation; there has also been a growing tendency to attribute all of this to the ‘tapering’ of its ultra easy monetary policy by the US Fed.

Such a diagnosis, I believe, is misleading. Admittedly, the speed and timing of the rupee depreciation have been due to the markets factoring in ‘tapering’ by the US Fed, but we will go astray both in the diagnosis and remedy, if we do not acknowledge that the root cause of the problem is domestic structural factors.

What are these structural factors? At its root, the problem is that we have been running a current account deficit (CAD) well above the sustainable level for three years in a row, and possibly for a fourth year this year. We were able to finance the CAD because of the easy liquidity in the global system. Had we used the breathing time that this gave us to address the structural factors and brought the CAD down to its sustainable level, we would have been able to withstand the ‘taper’. In the event, we did not. We therefore made ourselves vulnerable to sudden stop and exit of capital flows driven by global sentiment; the eventual cost of adjustment too went up sharply.

But what drives the CAD so high? Basic economics tells us that the CAD rises when aggregate demand exceeds aggregate supply. There is an argument that this logic is not applicable to us in the current juncture given the sharp slow down in growth. But we need to recognize that the CAD can increase substantially even in a low growth environment if supply constraints impact both growth and external trade as has been the case with us.

The only lasting solution to our external sector problem is to reduce the CAD to its sustainable level and to finance the reduced CAD through stable, and to the extent possible, non-debt flows. Reducing the CAD requires structural solutions - RBI has very little policy space or instruments to deliver the needed structural solution. They fall within the ambit of the government. Structural adjustment will also take time. In the interim, we need to stabilize the market volatility, a task that falls within the domain of the Reserve Bank.

It is the avowed policy of the Reserve Bank not to target a level of exchange rate and we have stayed true to that policy. Our efforts over the last few years, particularly the last three months, have been to smoothen volatility as the exchange rate adjusts to its market determined level so as to make the near-term cost of adjustment less onerous for firms, households and banks.
There has been criticism that the Reserve Bank’s policy measures have been confusing and betray a lack of resolve to curb exchange rate volatility. Let me first of all reiterate that our commitment to curbing volatility in the exchange rate is total and unequivocal. I admit that we could have communicated the rationale of our measures more effectively.

But our actions were consistent. Our capital account measures were aimed at encouraging inflows and discouraging outflows. Also, we tightened liquidity at the short end to raise the cost of short-term money so as to curb volatility. At the same time, we wanted to inhibit the transmission of the interest rate signal from the short end to the long end as that would hurt flow of credit to the productive sector of the economy. So, we instituted an Indian version of “operation twist”.

I must reiterate here that it is not the policy of the Reserve Bank to resort to capital controls or reverse the direction of capital account liberalization. Notably, the measures that we took did not restrict inflows or outflows by non-residents.

Tuesday, August 20, 2013

Why is Indian Rupee falling against Dollar

- Chellamuthu Kuppusamy

If you are a software professional deputed to an onsite assignment anywhere around the globe, you are happiest person in the world today. One GBP is almost equal to Rs 100 now. Anyone who is making money abroad or in the business of exports have reasons to cheer. But for others the situation is gloomy, as the media projects it.

Firstly the RBI and the union government of India are the most concerned parties - that too at a time when the country is preparing herself for the next general elections. Money exists India at a faster pace especially from the debt market. To quote from capital market: “Since June 2013 till 7 August 2013, FIIs have sold debt worth US$ 8.4 billion. Between January 2013 and May 2013, they had invested US$ 7.7 billion in the debt market. “

India is the worst affected country due to increase in the lending rates from the United States. Debt investors have been taking their cash back to inject into the greenback for it provided safety and cofort feeling. Despite India offers higher returns, exchange rate risk and other political cum policy risks are to be discounted. In order to keep foreign money intact in India, rates should be kept high which directly affects our already bleeding economy. Many sector will feel the heat.

On the stock market, it is unlikely to see hot and quick money to get be pumped in because risk free return from the banks seem more attractive than the uncertainties associated with the stock market. Many scripts trading on Indian bourses are expected to languish. Perhaps it may be a bad time for Indian Rupee and Indian economy. But for seasoned stock market investors many stocks are available at reasonable price. It is perhaps a good time to hit some boundaries as prescribed by Rahul Dravid school of investment as articulated in the Stock of Science Market Investment.

Thursday, August 01, 2013

Borrowed Girlfriend novel free download

Borrowed Girlfriend novel is available for free download on 2nd & 3rd August

The special FREE offer will start at 02-Aug-2013 12:00 am PST to 03-Aug-2013 11:29 pm PST.
In other time zones:
Indian Standard Time: 02-Aug-2013 12:30 pm to 04-Aug-2013 12:29 pm
Central European Time: 02-Aug-2013 09:00 am to 04-Aug -2013 08:59 am
UK time: 02-Aug -2013 08:00 am to 04-Aug -2013 07:59 am

East Coast Time: 02-Aug -2013 03:00 am to 04-Aug-2013 02:59 am