Saturday, 19 May 2007

Hamara Bajaj splits

Watched Rahul Bajaj speaking to the press about the demerger of the Bajaj Group. He was talking about it so matter-of-factly it seemed he was announcing the quarterly results of Bajaj Auto. Way to go Sir! Betas happy, shareholders happy (except the insurance undervaluation). A cool Rs 6,500 crore still with the holding company. Looks good so far! And the man himself looks confidence personified. Me wonders what he will do with all that cash?

Rains in Indore

Am recently in Indore, one of the fastest growing cities in India. The city got its first real pre-monsoon shower a day back. It rained fairly hard for a couple of hours. The result? Half a foot of water on arterial roads in prime areas like New Palasia. Looked like a swimming pool. It was a huge task trying to walk in such conditions. Before making grandiose statements about turning our cities into Shanghai or tryng to build a F1 track in India, we should solve the basic problems like water, roads, drainage, transport etc. Imagine there is no direct public transport from my place in Indore to Zanjeerwala Square, an important commercial area, which is barely 2 km away. Lets get the buses moving and the drains flowing. The F1 track will take care of itself.

Lessons from UP

Mayawati's spectacular victory in UP gives interesting insights into a state known as the gateway to the Centre. The fact that someone like Mayawati - one of the most vocal backward class leaders - chose to unabashedly woo the so-called upper castes makes it clear that in Indian politics, you can't have all your eggs in one basket. Now suddenly the focus has shifted somewhat from the OBCs to the upper castes. None other than the PM has said that something should be done for the upper castes. Aye Aye Sir. Why not? Especially after the battering your party got in UP, you have to speak in such tones. Maybe this will force our parties to follow inclusive politics rather than the divisive hate that they indulge in right now.