Thursday, April 25, 2019

#Alberuni - Trying to understand people we don't like instinctively, for peace.

#History #HoliThought

Mahmud of Ghazni was good to India!

I am sorry. That was meant to attract your attention. How can I? I mean, he did a Balakot onto India in the 11th century AD.

Jokes apart, I would like to talk about a great Iranian born Arabic scholar #Alberuni, who came to India with Mahmud of Ghazni. Hope you will enjoy knowing him as significant credit goes to him for the foreign perception about India based on his 11th century book - Ta'rikh al-hind (The History of India).

Alberuni mastered Sanskrit and studied Indian texts on mathematics, natural sciences, literature, philosophy and religion. He spoke to as many Indian experts as he could find. It was this compilation of knowledge in the form of his book that stood the test of time as a proof to many Indian intellectual traditions, social customs and more importantly Indian achievements.

Alberuni wrote about Aryabhatta (476 AD) about his explanation of solar and lunar eclipses with methods of measuring shadows. He wrote about #Aryabhatta's courage to oppose religious orthodoxy to reject their views that sun revolves around the earth, in favour of earth's rotation.

Alberuni judged Brahmagupta (7th Century) as the best mathematician and wrote about his theories about the force of gravity to explain why objects are not thrown out as the earth rotates. He translated Brahmagupta's Sanskrit book, Brahmasiddhanta into Arabic. It was through Arab scholars that the decimal system & Indian numerals reached Europe.

Alberuni concludes the book with a profound statement about cultures and civilizations in general. It holds immense importance today when we are fighting widespread hatred. He writes,

'In all manners and usages, the Indians differ from us to such a degree as to frighten their children with us, with our dress, and our ways and customs, and as to declare us to be devil's breed, and our doings as the very opposite of all that is good and proper. BY THE BYE, WE MUST CONFESS, IN ORDER TO BE JUST, THAT A SIMILAR DEPRECIATION OF FOREIGNERS NOT ONLY PREVAIL AMONG US AND THE INDIANS, BUT IS COMMON TO ALL NATIONS TOWARDS EACH OTHER. '

It was in this context, Alberuni wrote about the nastiness & atrocities of the Mahmud in Mathura, Kanauj, and Somnath Temple. He wrote in disgust that 'Mahmud utterly ruined the prosperity of the country, by which Hindus became like atoms of dust scattered in all directions. As a result, he wrote, a section of Hindus cherish the most inveterate aversion towards all Muslims.

Alberuni argued that evil behavior like that of the Mahmud, can arise from a lack of understanding of, and familiarity with other people. He thought it very important for people in one country to know how others elsewhere live, and how progressive or backward they are and what they think. That was the basis of his book and his staying back with the Indians to learn Sanskrit.

From him, I have learnt a very profound wisdom that if we try to know about people who we don't like, we may end up not disliking them. One Muslim plundered. The other gave us an invaluable gift.

We can build an united India that understands each other to not hate each other. Only an atmosphere of peace can usher in progress.

Happy Holi.

#NYAY - Why it is good Keynesian Economics.

Keynesian Economics - Basic Income Guarantee. #AbHogaNyay

If 100 families in a town who were used to having one meal a day, gets to eat three meals a day because of minimum income guarantee; the town will get additional white money, and the local economic income will increase multiple times.

It will stimulate the grocery shop, and all the primary businesses in the town; thereby having a direct impact on the GDP positively.

Secondly, India ranks very low in terms of social security Govt spending. India primarily spends for the rich. We have very poor primary education infra, when our higher education is quite capable. The reason is simply the target segment for higher education - the rich. It was high time for India to have a policy level shift towards spending for the poor. To my mind, basic income guarantee like MGNREGA will be revolutionary for the bottom 20%.

The arguments against it will primarily be the same points that were there for MGNREGA in 2005. 1) Free money will make people lazy. 2) Where will the money come from? These questions are as old as arguments made against making our country a socialist democracy. Today, we are a socialist democracy as per our preamble.

Lastly, nobody wants to be poor. If given an opportunity, every human being will try to become rich. Basic minimum income is the least level of opportunity that any socialist Govt must provide to its poorest of the poor. It will ensure food, clothing and shelter.

Implementation will be tough. Rahul and the Congress must get the best minds across party, and domains to think through its stepwise implementation.

In response to a mob violence in Assam..

বিশ্বনাথ চাৰিআলি,
তই দুখ দিলি।
কিয় নিৰৱে চাই থাকিলি ৰই।

দুজনক নিদিলি কিয় সাহস,
মানৱতাক খঙৰ পৰা কৰিবলৈ উদ্ধাৰ।

অসমীয়া মই, লাজত হলো সেউজীয়া।
মানুহো মই, সাহেৰে খঙৰ ভিৰক বিৰোধ কৰি যাম।

আলি ককাই, মাফ কৰি দিয়া ডেকা তেজক,
সময়ে বুজাব, ডেকা তেজ বুঢ়া হ'ব।
আল্লা খোদা ভগৱানে তোমাক শান্তি দিব।

হে অসমীয়া, বুজিবা আন্তৰিকতাৰে,
আবেগেৰে নলবা হেংদাং,
অসম গৌৰৱ গদাধৰসিংহৰো আছিল প্ৰিয় খাদ্য
এটি দমৰা।

Jet Airways is a strategic failure of Indian Governance

Jet Airways is a victim of poor policy and an insensitive governance.

Last week 22000 educated citizens have lost their jobs. They are pleading with the Government for support and I hope they get it.

Why is the pioneer airline brand of India with years of experience facing BANKRUPTCY? Jet had over 15% market share and still it failed.

Indigo, the largest airline brand had posted a 97% fall in profits in the 1st quarter of FY18-19. In the 2nd quarter, it made a loss of Rs. 652 crores for the first time after it became a listed company in 2015.

Even Spicejet made a loss of Rs. 389.40 crores in the same quarter when it had made a profit of Rs 105.30 crores in the same quarter, previous year.

Go Air is on sale after 13 years of operations! Vistara is also losing money every quarter to the tune of over 400 crores.

Interestingly, top line revenues are growing for all these airlines. Total income is increasing but expenses are increasing without control.

Aviation Turbine Fuel costs comprise 35-40% of the operating costs and fuel prices are increasing uncontrollably. The Govt has reduced excise duty by 300 basis points which is grossly inadequate.

The engine rentals and maintenance costs are paid in dollars and they comprise 30-35% of the expense. Dollar had touched all time high of over 73 plus - a rise of 13%. This affects profitability very critically. Also, airport charges for airline is very high.

Sadly, both these costs are beyond the control of the airline brands. When a brand can't control 2/3rd of its expenses in any meaning way, the risk of business is just too high.

Lastly, with the Indian economy in doldrums, the competition for excess supply, lower personal income, need to maintain the passenger load factor, and aggregators selling tickets bring down the ticket prices. When the strategic need is to increase ticket prices, the prices actually fall. There is limited ability to pass on costs increase by increasing ticket prices.

This typical scenario makes the airline industry in India dependent on the present day Government, its policies, its subsidies and its macro economic policies.

Airlines like public Railways provide critical stimulus to the economy and its growth prospects. It makes the movement of costly intellectual labour faster. Movement of Labour, like Capital directly affects the economy. It makes skills accessible across the country in great speed. It has the potential to remove poverty, cause development, improve implementation in a big country like India.

However, the Government shows a tendency to portray airline as a luxury travel mode. The aviation policy, tax rules, charge slabs therefore are not the talk of the town for policy makers and Government.

How can we make airlines less dependent on foreign exchange fluctuations? Can the Government subsidize economy travel for overall progress? Can the Government create infrastructure to maintain aircraft engines and other such services to the airline industry? How do we tackle the ATF price issue strategically? Can the Government regulate the price for the sake of faster movement of Labour?

It is no joke that all the airlines are making losses, and we hardly know who is the aviation minister. The current minister is Mr. Suresh Prabhu, who is actually the industry minister with additional charges in the aviation ministry. He took charge when TDP had quit NDA. One Mr Ashok Gajapathi Raju was the minister from 2014 to 2018. Did anyone know?

I firmly believe that aviation needs Government focus as a key strategic objective. We need to wake up to that fact and stop considering flying to be an activity of the rich.. It's not.