Newsynews

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.

Speed money and honesty - good article on the prevalence of speed money in India.  This aspect is rarely discussed in the media, most articles read like PR releases.

A lot depends on the way you choose to do business.  When I worked in a professionally managed company (at a very junior level), one thing  I often heard was “the  government people know that  L*  (company name)  does not pay money,  the work gets done , but very slowly” .  That is why  L* has such a good reputation as a well managed company, every one has to follow the rules.  In a short time, you will grow slowly,  but then tomorrow no one can accuse  you of doing wrong.

Corruption is there every where , as one Malaysian minister put it, ” In Western countries, it is called networking,  in Asian countries corruption / nepotism” . Finally it depends on how big and financially strong you are.