Being connected

Though technology can make life simpler, being connected using mobiles and the internet is risky, with loss of privacy a major problem.

http://www.indianexpress.com/news/stealthy-cellphone-software-stirs-outcry/883626/

http://www.indianexpress.com/news/boon-to-bane-execs-rue-web-mobiles/883287/


Economic growth rate 6.9% for Q2, 2011-2012

India’s economic growth rate slipped to 6.9% in the second quarter of the fiscal year 2011-2012, the lowest in nine quarters, prompting the government to lower its full-year growth projection to 7.3%.

Economic growth during the July-September period of FY12 fell mainly due to poor manufacturing performance and declining output of the mining industry. Agriculture growth, too, showed moderation during the period

From http://www.business-standard.com/india/news/q2-gdp-slips-to-69-pranab-pegs-fy12-growth-at-73/151870/on

A reflection on the current economic conditions


Stock hype

Newspapers never fail to hype the sudden increase in stock prices .  But these are  not  based on fundamentals, the  real conditions remain the same or are becoming worse.   Gullible investors who believe in the hype end up losing money.


Conduct vs Appearance

Conduct vs Appearance – one of the worst things in the last few years has been the increased emphasis on the looks and packaging to judge a person and disintegration of the value system.  The mainstream media (no doubt keeping in mind the interests of their main advertisers) highlights assorted celebrities and does not cover any real news.  A person’s appearance changes as he or she grows older, but the value system and what they learn remains with them through out their life.


Media layoffs and salary cuts

So newspapers  in India are cutting salaries and laying off staff.   In the past few years, the salaries in the media sector have increased to  unrealistically high levels.  After all, the media only reports on events , they do not create wealth .  This was going to happen sooner or later.


Layoffs and life

From the comments, it appears that this laid off  employee is from Infosys. It will be some time before this news appears online, the media treats some companies with kid gloves.

The main difficulty will be experienced by people who lead a lavish lifestyle.  Many people in their twenties are very fond of  Ipods, Iphones, Plasma TVs, Cars and other expensive gadgets, but do you really need them?

Many years ago, I have lived in hostels with a curfew time of  8.00 pm,  where breakfast and dinner cost  Rs 300 per month (don’t ask me about the quality, I had no choice) , may be that is why I can be happy with very little.  Ultimately that could be the greatest advantage I have.