Life's about a journey...a lane to an archaic destination.. predefined since the day we came here. It's not about giving or taking ... but experiencing the bliss in the immortal moments in this mortal world
Tuesday, July 3, 2012
|| सरहद के उस पार ||
Wednesday, March 14, 2012
क्यूँ रोकूँ मैं तुझे |
Saturday, March 10, 2012
IRCTC sucks !!!
A pathetic experience with the tatkal booking option of irctc.What were you thinking when you designed that stupid webpage , that it's for show and people wouldn't be using it for tatkal bookings or that the population of India is close to germany or france. Wake up , close to 2 lakhs are planning to book a train ticket in tatkal every day....
Being in India, you should know Indian realities. But including the railway ministry , the irctc folks either don't have technical understanding of India's needs or they are just as dumb.
Idiotic moves by Indian Railways
1. Tatkal window opens only 24 hrs before.
2. There are only 4 seats per train per class in Tatkal,
3. The site goes for a toss at 8:00 am.
4. The ajax field takes ages to load when required including server error 503
5. After all this if u r able to submit your request , a server error 200 throws up.
6. Finally at 8:30 if u r able to reach somewhere , a regret list is awaiting your request.
Guys, do us a favour , close the tatkal.
I don't know but it seems Railways has been trying to boost the Indian Airlines sector, for what else would explain the failure.
I do have face to face evidence working of the Indian railways while doing my development of corporate citizenship project in Pune. All we wanted was to estimate the feasibility of planting trees alongside railway tracks. However the department seemed to be too busy just running the trains and it seemed everything worked on jugaad.
There was a silver lining somewhere but the clouds around in Indian railways are very dark.....
I wish Laloo is back .. His being in railways improved the services and policies both for Indian railways and also for Bihar...
Regards,
Amrit
Thursday, March 8, 2012
SPJIMR : Will I miss you?
Sunday, October 16, 2011
SJ and JS : Thanks for shaping my thoughts!! RIP
Thursday, September 15, 2011
Autumns Internship II
BBA LIBOR is not a compounded rate; rather, it is calculated on the basis of the actual funding term. The formula to calculate interest using LIBOR would be done as follows:
How Do Banks Set Equilibrium Forward Rates?
Equilibrium Forward Rate Formula Definitions
Equilibrium Forward Rate Formula
Discounts and Premiums
Read more: How Do Banks Set Equilibrium Forward Rates? | eHow.com http://www.ehow.com/info_8789113_do-set-equilibrium-forward-rates.html#ixzz1Y326s7tg
http://www.rbnz.govt.nz/statistics/exandint/b1/3401943.pdf
http://www.imf.org/external/pubs/ft/wp/2002/wp0228.pdf
http://articles.economictimes.indiatimes.com/2010-08-24/news/27574810_1_currency-futures-exchange-traded-currency-interest-rate
http://glossary.reuters.com/index.php?title=FX_Swap
http://thomsonreuters.com/content/financial/pdf/s_and_t/RTFXQuickStartGuidev2.0_2.pdf
http://thomsonreuterseikon.com/
http://thomsonreuters.com/products_services/financial/financial_products/a-z/trading_foreign_exchange/
http://www.rbi.org.in/scripts/WSSViewDetail.aspx?TYPE=Section&PARAM1=6
http://www.treasurer.ca.gov/cdiac/publications/math.pdf
http://math.nyu.edu/~alberts/spring07/Lecture1.pdf
http://www.mysmp.com/bonds/libor.html
http://math.nyu.edu/~alberts/spring07/Lecture1.pdf
http://www.ehow.com/info_8789113_do-set-equilibrium-forward-rates.html
http://www.fabiomercurio.it/booksample.pdf
http://www.oup.com/us/ppt/derivatives/DMCH10.ppt - very imp
Autumns Internship

![F - S = S \left[ \left(\frac{1+r_1}{1+r_2}\right)^T -1 \right] \approx S \left( e^\left(\left(r_1 - r_2\right)T\right) - 1\right) \approx S \left(r_1 - r_2\right) T](file:///C:\Users\AMRIT\AppData\Local\Temp\msohtmlclip1\01\clip_image002.gif)
When dealing with foreign exchange (FX), a situation where the spot futures exchange rate, with respect to the domestic currency, is trading at a higher spot exchange rate then it is currently. A forward premium is frequently measured as the difference between the current spot rate and the forward rate, but any expected future exchange rate will suffice.
Read more: http://www.investopedia.com/terms/f/forwardpremium.asp#ixzz1Y2muPmBL
It is a reasonable assumption to make that the future spot rate will be equal to the current futures rate. According to the forward expectation's theory of exchange rates, the current spot futures rate will be the future spot rate. This theory is routed in empirical studies and is a reasonable assumption to make in the long term.
Read more: http://www.investopedia.com/terms/f/forwardpremium.asp#ixzz1Y2mwqHrb
It's the price paid for hedging by buying dollars in the forward market. Forward transactions take place at a premium or discount to the spot rate. The outright forward transactions are over-the-counter transactions undertaken by dealers. In India, it is generally the banks that transact in forward markets.
The maturity date agreed upon by the parties generally varies from months to a year or two. But maturities beyond that tend to have wider bid-ask spreads, in other words, tend to be more expensive, so are rare. The forward rate could be in premium or discount, based on the interest rate differential in case of currencies which are fully convertible and in case of partially-convertible currencies, they are determined purely on the basis of demand and supply.
The maturity date agreed upon by the parties generally varies from months to a year or two. But maturities beyond that tend to have wider bid-ask spreads, in other words, tend to be more expensive, so are rare. The forward rate could be in premium or discount, based on the interest rate differential in case of currencies which are fully convertible and in case of partially-convertible currencies, they are determined purely on the basis of demand and supply.
What determines forward premium?
Countries that have fully-convertible currencies, the forward premium is deduced from their interest rate differentials, respectively. The premium/discount is measured in points, which represent the interest rate differential of the countries to which the currencies belong, for the period of maturity.
These points are the quantum of foreign exchange that would neutralise the interest rate differential. Points are subtracted from the spot rate, when the interest rate of the base currency is higher, since the base currency should trade at a forward discount and points are added to the spot rate, when the interest rate of the base currency is lower, since the base currency is expected to trade at a forward premium.
This is, however, only applicable to non-rupee currencies, that are fully convertible.
What are currency futures?
Exchange-traded currency forward transactions are known as currency futures. Before April 2007, only banks were allowed to trade in currency forwards market through over-the-counter deals.
But it was not a structured market, in the sense that it was not traded on an RBI-recognised exchange platform. But in 2007, RBI and Sebi allowed trading of currency futures on the National Stock Exchange.
The objective of opening up trading in currency futures on the exchanges was to deepen the futures market by allowing the small retail investors to take a view and hedge their foreign exchange risks. The regulatory authorities in India are on their way to allow trading in currency options on exchanges as well, though it is already available as a product.
References :
http://www.rbnz.govt.nz/statistics/exandint/b1/3401943.pdf
http://www.imf.org/external/pubs/ft/wp/2002/wp0228.pdf
http://articles.economictimes.indiatimes.com/2010-08-24/news/27574810_1_currency-futures-exchange-traded-currency-interest-rate
http://glossary.reuters.com/index.php?title=FX_Swap
http://thomsonreuters.com/content/financial/pdf/s_and_t/RTFXQuickStartGuidev2.0_2.pdf
http://thomsonreuterseikon.com/
http://thomsonreuters.com/products_services/financial/financial_products/a-z/trading_foreign_exchange/
Sunday, August 28, 2011
Engg College Days : Madho Ki Kahani
cseism2k6 को बना रखा है इन्होने प्यार का बाज़ार ,
माँ बाप में मचा हुआ है हाहाकार ;
सोच रहें होंगे इन्हें बनाया इंजिनियर बेकार ....
जैकी ने शुरु किया यह तमाशा ...
फिर राज गौरव भी इस्पे खूब नाचा ,
अर्पित ने लिख डाला iisc का चोथा ..
कंप्यूटर स्सिएंस के नाम पर किया है खूब धोखा ...
अब जब दास्ताँ चल चुकी है pyaar ki,
kissa sunate hain hum bhi apne ek yaar ki,
kahat hain bhaiyya suno bhai sadho,
naam hamare dost ka hai madho
acchi bhali jindagi chal rahi thi,
bas ek modern pyaar ki kami thi,
aadhi jindagi library main katthi thi,
aur aadhi inki aakhen unki raah dekhti thi.
21 saal ke ho gaye ..par koi mili nahi..
koi moti, koi patli toh koi khali nahi,
thak haar kar doston ki salah lee,
phir hero banke mahila college ki rah lee,
socha itni saari mein ek toh milegi,
is baar moti patli , koi bhi chalegi..
style se mobile nikal kar khade ho gaye side main,
baal aise the jaise devanand hon guide main ,
intezaar kar rahe the ki koi sahi dikhe,
koi toh unse pyaar ka pehla paath seekhe,
sabr ka baandh ab toot raha tha,
apna madho kab se wahan khada tha ,
ek ladki ne uske taraf nahi dekha,
tab usne formula 420 ke baare mein socha..
apna rumaal wahan girakar,
khada ho gaya nigahen gada kar,
tabhi ek bala gujari,
jise dekh kar madho ke uthi sarsari,
rumaal utha kar peeche bhaaga,
"aapka rumaal gir gaya tha" jhat se daga,
ladki muskarayi,thodi si sharmayi,
madho ne mano mann ki murad paayi,
honton ki laalima,aakhon ki gahrai,
pehle yeh ladki uski jindagi mein kyun nahi aayi,
apna madho uske sapne mein kho gaya,
tabhi ek jhanak ki aawaz sun use hosh aaya,
thoda dard hua toh mahsoos kiya ,
yeh thapaad to uski pari ne use hi rashid diya
public bhi jhat se jut gayi
rahi sahi kasar bhi puri ho gayi
wah ri anarkali kya khub kiya ..
ekkishwin shatabdi mein salim ko chunwa diya
police bhi aa gayi manjar mein....
gujarni padi raat andar mein
dost bhi aaye sawere....
dekhkar khoob hanse saare,
wah re bhagwaan .... kya dost banaya....
wah re doston ....kya khoob pitwayaa......
abhi khatam nahi hua .... madho ka prem rog phir jaagaa...
college mein phir suru hua ..... jaanne ke liye mail karen karte rahen
Friday, August 12, 2011
IMO - Flipkart : what next
Key focus of the company is customer delight and has gone extra mile to deliver that. The numbers show more that 50% as repeat business. This customer loyalty is delightful to any firm.
The company has done lots of good things but IMO, there are still many a milestones to be achieved and I believe with these it is not a distant dream to position Flip Kart as the best e-commerce site nationally & internationally.
Books Segment
FK started off with books and should be closer to their heart still now with only 1% of the book market being captured by online segment. Moreover infibean and rediff realizing the trends are also forcing themselves into book business.
Key Customer Insight: Online reading is going up : According to Forrester research (By Sarah Rotman Epps & James McQuivey) , Dual-screen mobile phones and netbooks will eat into e-reader demand and that most readers don’t read enough.
Lack of Space, the re-location constraints, etc indicate that a personal digital library would be a better option for fast moving professionals.
Moreover, not all books are qualified/ found great to be kept with him/ her. That is precisely the reason why piracy has taken up in a big way. They just want read an throw books and that throw-away prices.
“In Short : To do what i-phone has done to the music industry” ; Price the books as low as 10-20 Rs
Use Subscription model or pay per use model.
Online Publishing
Social community for Book Lovers supported by Flipkart where people discuss about books new releases etc , comments etc .
While reading the reviews or chatting with their circles they can buy the books
Flipkart Credits to the contributors which they can use to buy the book or read e-books.
Friday, August 5, 2011
Good Night!
I shall quickly jot down some points I want to talk about and will elaborate later..
That day I had an exam . The auto walla comment “ rick doob bhi gaya tho bhi aapko college pahunchanhunga .. aap tension mat lo” and Customer Relationship and consulting …
The GF trouble “ Push pull strategy can only give you gf’s .. To get a life long relationship , you must learn to let go”
Realize what you want from life …companies shall follow .. on the placements
The most imp ingredient for success is value … and is common across all companies …
Focus on Non customers and understand their needs to sustain your business.
I miss my frens .. my home .. my love and my family .. I am feeling extremely sleepy
There are many more to talk about ……germany , 1st year , IM conclave .. etc
Sunday, June 5, 2011
Last One Year
Off late, I was reflecting on the last one year of my MBA education in SP Jain Institute of Management Research. Thoughts pondered from my engineering days, where I cleared the toughest exam in India (IIT JEE 2002), was selected as a Research Scientist in Indian Space Research Organization in 2006 and opted for research in Infosys R&D labs instead. I took a pause to travel back in the memory lane to that moment where I was considering admission in SP Jain Institute of Management Research Mumbai.
By that time, I had five international papers published in ACM and IEEE conferences across the world and was rated one of the best employees of Infosys and my career was flying high. A natural choice, other than to excel in the career, if any was to continue fundamental research with an M.S or PhD degree.
However, the last 4 years of work experience and 25 years of existence had deeply engrained some pearls of wisdom in my soul. The most important pearl being "The greatest happiness I have ever got is when I built something for the good of the society". My ultimate goal is to be an entrepreneur with a difference, the difference being to give back to the society especially to the lower economic strata of the society. In fact all my works were concentrated on green technologies, agriculture and, rural healthcare sometimes out of the purview of my work.
I found myself somehow lacking in reaching my work to the world and after cautiously evaluating the MBA at SPJIMR from primary and secondary research I found the below matching my thoughts about an education system that believes in reinforcing healthy thought process giving back to the society in a profitable way.
· The institute intertwines the teachings of the west and that of the east – A firm believer in eastern learning's and of western science, this seemed and proved to be the most important reinforcement of my thought process throughout the last 1 year
· The case based methodology – I firmly believe in multi-universe theory in physics and in multiple solutions to problems in case studies follow naturally into me.
· DOCC – It is a program of 6 weeks undertaken by students to bring about a change in the society.
· Abyudaya – the concept of reaching the under privileged and empowering them with the mentorship to succeed in life.
The highlights of my work in the past 1 year have been
· Academically, I have excelled in all courses of study (currently ranked 9th overall), practical and theoretical and it is reflected in my increasing slope of grade points in the last trimesters. I put keen and intense effort on the group works, case studies and individual assignments with the intention of discovering each subject such that it can help me in my ultimate goal of entrepreneurship with a difference. In all these situations I found myself ably leading groups, discussions, often charting the roadmap, analyzing the most critical aspects and finally leading the group to accolades of peers and professors.
· Green Corridor – As a part of my DOCC project, I conceptualized and implemented the idea of pan- India revolution. Green Corridor is a novel and replicable model for afforestation with public & private enterprise, community, media and government, going hand in hand to cover the open area of 116000 kms along the railway tracks to address the issues of rising environmental concerns and Global warming. Nothing of this sort and scale has been implemented before in India and this is the first ever effort that combines the Indian railways with the private and public enterprises' CSR activities, the NREGA program of the government and the will of community through "Shramdaan" and voluntary donations in ticket bookings.
The pilot project is being implemented in Pune, India and is aptly covered by the local and national dailies. When implemented fully, it shall neutralize the Indian Railways carbon footprint and enables millions of kms of biodiversity in India.
· Paper on Agroeaze– Almost every farmer across India is a hostage, in one way or another, to a vicious cycle of the promises the land he owes vouches for at the sowing of the seeds and the dreams that are shattered at the harvest. Who is to be blamed? Not one but many factors together come to pounce the lightning on the Indian Agriculture. Agro EaZe[Educate anywhere Zero in on buyers Everywhere] is a mobility platform to cater to the needs of the farmers through the use of mobile devices and an integrated effort of the government, private enterprises and the Information Technology.
· MedEaZe – On the lines of Agro Eaze, MedEaZe uses the same EaZe [Educate anywhere Zero in on buyers everywhere] platform to cater to the health needs of the rural sector.
· POLOMO (Pollution Monitor)–The growing human population, declining natural resources and industrial processes, has resulted in the widespread pollution of our environment. Air pollution is one of the serious issues faced by the world today. POLOMO is an architecture based on wireless sensor network to enable the community to check the rising health concerns through comprehensive Web 3.0 approach.
· Mumbai Oil Spill (Jawaharlal Nehru Port Trust (JNPT)India Disaster Management) – Armed with the knowledge of Technology and Management Skills I chose to do our ADMAP project 70 kms far from college where I had to travel every week by land and sea . Having lead a team of four, we carefully studied the flaws in the disaster management system of JNPT and charted mitigation strategies to combat both natural and manmade disasters.
Business School Initiatives
· Organizing Information Management (IM) Conclave 2011 – lead a team of more than 10 people in managing the Information management Conclave of 2011 on Web 3.0 era – the changing business world. Right from conceptualizing the conclave which was only second to MIT (Massachusetts Institute of Technology) in the scope and relevance of Web 3.0 to business, the bigger picture to the keen details was administered by me.It was the first conclave on India on Web3.0 and business.Moreover, It was one of the best organized conclave in the history of SPJIMR with highest numbers corporate delegates.
· Consultancy Projects for Bakery stores & for buyinsuranceonline.in - While studying subjects such a Business research methods and Operations Research, I proactively chose live projects as my submission reports. Although it would mean extra effort but ensured greater practical learning.
--
A. Kumar
The Broken Arrow!
Ana could not believe herself.17 years, 3 months and 2 days is what it had taken life to come full circle for her. Still vivid in her memoir...
-
The season was autumn and the heart was green! The air was humid but the smell was romantic. Yes the venue was ccd and the occasion was marr...
-
Long time , more than thousand days gone… when I did see all of your faces together, some at canteen and others at library and yet others...
