Lot of us in this world are facing the brunt of recession in some way or the other.But little did we know that it was predicted by Peter Schiff, an American Economic Commentator way back in 2006.The more interesting fact is that the accuracy with which he predicted things.
The link to his prediction is this video:
http://www.youtube.com/watch?v=2I0QN-FYkpw
Few interesting things he mentioned in the video are:
2006 comment : The basic problem of the US Economy, is that we have too much consumption and borrowing, and not enough production and saving. We should not resist the recession, but embrace it, because the disease is all this debt finance consumption. The cure is, that we stop consuming, and start saving, and producing again, and that’s a recession. And sometimes, medicine tastes bad, but you have to swallow it!
2007 comment : The sub prime type crisis is going to unfold in other places such as bonds backed by auto loans, credit card debt, and that’s going to pull the rug out from under the consumer. Not only can he not borrow money to buy a house, he can’t borrow money to buy a car, he can’t use his credit card
Critics said during that time:
"The Central Banks have not yet fired their big guns, they will fire them when necessary, the worst is over."
Now the critic comments seems humorous..isn't it
Friday, June 26, 2009
Education sector Update
To boost its presence in the Indian education sector, Pearson, a Britain-headquartered education and information company is investing $30 million in Indian education resource provider Educomp Solutions and Bangalore-based online tutorial firm TutorVista.Pearson will acquire 50 percent stake in Educomp Solutions for $17.5 million as part of their agreement signed Wednesday. The unit will then be converted into a 50-50 joint venture.
'The focus of the government is not just employment but employability, so there will be a lot of focus on skill-based knowledge,' Vivek Govil, president and chief executive of Pearson Education
The Indian government spends $30 billion a year on the education sector, while Indian consumers spend $50 billion a year on private educational institutions and services, so it makes a huge business proposition
TutorVista has already received funding from Manipal Educational and Medical Group and private equity fund LightSpeed Venture Partners
'The focus of the government is not just employment but employability, so there will be a lot of focus on skill-based knowledge,' Vivek Govil, president and chief executive of Pearson Education
The Indian government spends $30 billion a year on the education sector, while Indian consumers spend $50 billion a year on private educational institutions and services, so it makes a huge business proposition
TutorVista has already received funding from Manipal Educational and Medical Group and private equity fund LightSpeed Venture Partners
Nifty-Now freely floating
From today the National Stock Exchange (NSE) will compute its benchmark Nifty, CNX 100 using the free-float market capitalisation methodology. The weightage will go up for some stocks like ICICI Bank, L&T, Infosys, HDFC, HDFC Bank. But some of the stocks which could get impacted are stocks like ONGC where the weight will come down from around 8.5% to nearly 3.17% that’s reduction of nearly 4.6% in ONGC.
Sector specific - Power, oil and gas, telecom these will be the sectors where we will be seeing reduction in weightage and it will be the banking pack which will gain the most because the weight will go up significantly from around 11.8% to 18.2%. But we need to breakdown the banking sector into the public sector banks and the private sector banks. The public sector banks weight will remain same from around 4.5% to the same around 4.5% but private banks – the weight will go up from 6.2% to 12.3% that is a addition of nearly 6%.
Hence dont be surprised if ONGC dont make a huge impact on market and Private sector banks dictate terms to the market.
Sector specific - Power, oil and gas, telecom these will be the sectors where we will be seeing reduction in weightage and it will be the banking pack which will gain the most because the weight will go up significantly from around 11.8% to 18.2%. But we need to breakdown the banking sector into the public sector banks and the private sector banks. The public sector banks weight will remain same from around 4.5% to the same around 4.5% but private banks – the weight will go up from 6.2% to 12.3% that is a addition of nearly 6%.
Hence dont be surprised if ONGC dont make a huge impact on market and Private sector banks dictate terms to the market.
Friday, June 19, 2009
Inflation Fundas
TV Channels blaring that India's inflation rate slipped into the negative for the first time in 30 odd years. What does it really mean ? It really means nothing to the common man!
Prices are still soaring or atleast stable at their peak - and why is this not reflected in the Inflation numbers ?
This is because India calculates Inflation differently than other countries
* India uses something called the Wholesale Price Index (WPI) to calculate and then decide the inflation rate in the economy.
* Most other developed and developing countries use the Consumer Price Index (CPI) to calculate inflation.
Whats the difference between the two ?
Wholesale Price Index (WPI)
WPI, published in 1902, is a economic indicator that was used by many policy makers and it was replaced by CPI by most countries in the 1970s
WPI measures the change in the average price level of goods traded in wholesale market. In India, about 435 commodities data on price level is tracked through WPI. This price index is published on a weekly basis with a lag of about 2 weeks.
Consumer Price Index (CPI)
The CPI or the Consumer Price Index is a statistical time-series measure of a weighted average of prices of a specified set of goods and services purchased by consumers. It tracks the prices of goods and services that consumers actually buy therefore providing a more accurate picture of the inflation.
Although India doesn't officially follow CPI - they do publish the CPI index numbers - however, only monthly with a delay of more than 2 months
While the WPI Inflation numbers have slipped into the negative and is reported to be at -1.6%, the CPI numbers are at a whopping 8.7% as declared for April 2009
Next time the inflation numbers are announced - you know what to make of it :)
Prices are still soaring or atleast stable at their peak - and why is this not reflected in the Inflation numbers ?
This is because India calculates Inflation differently than other countries
* India uses something called the Wholesale Price Index (WPI) to calculate and then decide the inflation rate in the economy.
* Most other developed and developing countries use the Consumer Price Index (CPI) to calculate inflation.
Whats the difference between the two ?
Wholesale Price Index (WPI)
WPI, published in 1902, is a economic indicator that was used by many policy makers and it was replaced by CPI by most countries in the 1970s
WPI measures the change in the average price level of goods traded in wholesale market. In India, about 435 commodities data on price level is tracked through WPI. This price index is published on a weekly basis with a lag of about 2 weeks.
Consumer Price Index (CPI)
The CPI or the Consumer Price Index is a statistical time-series measure of a weighted average of prices of a specified set of goods and services purchased by consumers. It tracks the prices of goods and services that consumers actually buy therefore providing a more accurate picture of the inflation.
Although India doesn't officially follow CPI - they do publish the CPI index numbers - however, only monthly with a delay of more than 2 months
While the WPI Inflation numbers have slipped into the negative and is reported to be at -1.6%, the CPI numbers are at a whopping 8.7% as declared for April 2009
Next time the inflation numbers are announced - you know what to make of it :)
Tuesday, December 9, 2008
Tuesday, November 25, 2008
Order Management System
Our company Mohit ltd. has 2 products namely Neem soap and Neem oil. We have a sales force of around 200 people that collect order from 1050 stores distributed all over West Bengal. The central depot for both the above mentioned products is in Sumali. We need a system where in:
- The salesperson can use a PDA an log on to the web with a unique ID and password and inform the central depot about the requirement of that particular product.
- After getting an intimidation the system should check the inventory level of the product required.
- If there is sufficient inventory to satisfy the demand, an order should be accepted and the same should be deducted from the existing stock level. This way we know the actual stock of that product lying with us.
- In case, there is insufficient stock to fill the demand,the salesperson should be informed and the order should not taken.
- The salesperson can use a PDA an log on to the web with a unique ID and password and inform the central depot about the requirement of that particular product.
- After getting an intimidation the system should check the inventory level of the product required.
- If there is sufficient inventory to satisfy the demand, an order should be accepted and the same should be deducted from the existing stock level. This way we know the actual stock of that product lying with us.
- In case, there is insufficient stock to fill the demand,the salesperson should be informed and the order should not taken.
Monday, November 17, 2008
Oops i didnt did it............
I was talking to a friend of mine who has just completed his graduation in chemistry and explaining to him about OOP. We were seating at McDonalds.
Me: I am hoping that with enough exposure to OOP I should be able to explain it to you.
Nikhil: Just hang on for a sec. Let me order for a burger.
Me: OOP is to understanding the right way to look at and organize your code in your project and it will help you to understand what object oriented programming is. For example, in the real world when you go into a kitchen you can see an oven and a stove. Both of these things or objects are nouns. A stove can heat and an oven can cook. These behaviours or functions are verbs. They do something. A stove can have a characteristic like a cooking temperature. This characteristic or property is an adjective.
Nikhil: Is it some kind of household work or what?
Me: In the programming world, these “things” that can have methods or properties are called “objects”. You get to name them when you write code. You can also create your own object with your functions and your properties added to it. Object oriented programming is the term given to this approach of organizing or as they say, “encapsulating” your functions and properties and data into a “object” variable. Doing this makes it reusable, generic and helps organize your code among many other benefits.
Nikhil: Can you explain it with an example?
Let’s say for example, you decided to apply object oriented principles to it you wrap up all your stove code into a stove object and all your refrigerator code into a refrigerator object. Then in their place you would create new instances or clones if you will of the stove and refrigerator object as you need it. What you are doing is making abstract, blank, customizable “object” variables with the functions and properties you want built in. Then you can use this object in other programs. You do not have to write a stove object again.
Nikhil: How is it applicable in real life scenario?
In practical application, you would create a oven “class” which is a way to define and organize all the methods and properties for use in your oven “object”. You define it in an external file and copy all your oven functions and oven data properties into it. When you want to use it you import it at the top of the file and then create a “my Oven” variable and then “instantiate” or make an empty clone of it using “new Oven ()”. IE, var my Oven = new Oven ();
Where you had a cook function you now have a cook method. A method is a function that is part of an object. For example, myOven.cook () would be a method of the Oven object.
When you find yourself repeating the same code and functions over and over again you will recognize this is an area where you can apply OOP and break down and organize your code into reusable pieces.
Nikhil: That’s it. Is it this simple? Though trying it in practical can address my concern better.
Me: Not today brother. It’s time to have a pie out with some burger.
Me: I am hoping that with enough exposure to OOP I should be able to explain it to you.
Nikhil: Just hang on for a sec. Let me order for a burger.
Me: OOP is to understanding the right way to look at and organize your code in your project and it will help you to understand what object oriented programming is. For example, in the real world when you go into a kitchen you can see an oven and a stove. Both of these things or objects are nouns. A stove can heat and an oven can cook. These behaviours or functions are verbs. They do something. A stove can have a characteristic like a cooking temperature. This characteristic or property is an adjective.
Nikhil: Is it some kind of household work or what?
Me: In the programming world, these “things” that can have methods or properties are called “objects”. You get to name them when you write code. You can also create your own object with your functions and your properties added to it. Object oriented programming is the term given to this approach of organizing or as they say, “encapsulating” your functions and properties and data into a “object” variable. Doing this makes it reusable, generic and helps organize your code among many other benefits.
Nikhil: Can you explain it with an example?
Let’s say for example, you decided to apply object oriented principles to it you wrap up all your stove code into a stove object and all your refrigerator code into a refrigerator object. Then in their place you would create new instances or clones if you will of the stove and refrigerator object as you need it. What you are doing is making abstract, blank, customizable “object” variables with the functions and properties you want built in. Then you can use this object in other programs. You do not have to write a stove object again.
Nikhil: How is it applicable in real life scenario?
In practical application, you would create a oven “class” which is a way to define and organize all the methods and properties for use in your oven “object”. You define it in an external file and copy all your oven functions and oven data properties into it. When you want to use it you import it at the top of the file and then create a “my Oven” variable and then “instantiate” or make an empty clone of it using “new Oven ()”. IE, var my Oven = new Oven ();
Where you had a cook function you now have a cook method. A method is a function that is part of an object. For example, myOven.cook () would be a method of the Oven object.
When you find yourself repeating the same code and functions over and over again you will recognize this is an area where you can apply OOP and break down and organize your code into reusable pieces.
Nikhil: That’s it. Is it this simple? Though trying it in practical can address my concern better.
Me: Not today brother. It’s time to have a pie out with some burger.
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