Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do.

There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Thursday, 20 October 2011

Air India or Ground(ed) India ?


Economic Times [ 14 Sept 2011 ] provides some interesting in-sights into the affairs of Air India, as follows :

Ø   Aircrafts ordered in 2005 ………………………………….          68

Ø  Aircrafts delivered so far …………………………………..           41

Ø  Aircrafts yet to be delivered  ……………………………            27

Ø  Delivery delayed by  ………………………………………….       3 years

Ø  Compensation offered by Boing for late delivery….    $ 500 million

Ø  Current Debt of Air India…………………………………………   Rs.43000 Cr

Ø  Additional Debt for 27 aircrafts ………………………………   Rs.17000 Cr

Quotes :

Ø   Dinesh Keskar ( VP – Boing International )
“ This aircraft will be a game changer for Air India ………….. “

Ø  Vayalar Ravi  ( Civil Aviation Minister  )
“ Air India does not have the money to pay for the 27 Boing planes. Air India is not to increase its debt burden right now “

Come now, Mr Ravi !
Since when has non-availability of funds come in the way of Air India ?
Just “ sell “ the profitable routes on “ first – come – first – served “ basis “ ala 2G !


With regards

hemen  parekh

“ Going – Out – of - Business “ sale ?


Or is it  SAD - Strategic Arms Disposal ?

Britain’s defense department faces a deficit in its budget of 36 billion pounds.

So it is offering following Strategic Assets for sale :


Ø  Aircraft Carrier HMS Ark Royal


Original Price ……….. 200  Million pounds

Sale Price………………..3.5   Million pounds


Ø  Type 20 Ship


Original Price………..  400  Million pounds

Sale Price ……………..  0.3  Million pounds ( already sold ! )


Ø  Helicopters ( 13 no )


Original Price…………. 5.0    Million pounds

Sale Price ……………….0.1    Million pounds


Ø  Jaguar Car


Original Price…………..200,000   Pounds

Sale Price………………..   12,000  Pounds


Ø  Land Rover


Original Price ……….   65,000  Pounds

Sale Price……………………2,000  Pounds




( Source : Mumbai Samachar / Aug 16,2011 )


Non-profit Organizations ( Syrian / Libyan rebels ? ) may be offered further discounts !

With regards

Hemen  Parekh

Sunday, 16 October 2011

De-criminalization of Politics Bill


Law Minister, Salman Khurshid told Economic Times [ 03,Sept 2011 ] :

“ We will shortly take a bill banning charge-sheeted individuals from standing for elections “

Harish Salve says,

“ This is a serious reform. This is better than the Lokpal Bill “

This Act would be a huge success if applied retrospectively

But, you guessed it right !

For the first time, Congress and BJP would come together ( in a un-holy alliance ? ), to defeat the “ retrospective “ application

Out of a total of 162 current members of parliament who have criminal cases pending against them, 44  belong to Congress !

And another 44 belong to BJP !

Of course, they can always add a rider that the “ retrospective “ provision does not apply to Congress / BJP members !


With regards

Hemen  Parekh

Thursday, 13 October 2011

Women in Workplace

Writing in MINT [ 07 Sept, 2011 ], Malvika Chandan highlights following findings of a report released by Community Business , co-authored by Shalini Mahtani ( Founder ):
• Percentage of women represented in the total workforce
 China …………………… 49.79 %
 Malayasia…………………..47.35 %
 HongKong ………………. 45.34 %
 Singapore ………………. 43.29 %
 Japan ………………………. 33.62 %
 India ………………………… 24.43 %
Obviously, India has a lot of catching up to do.
But then , if “ Women’s Representation Bill “ can be languishing in Parliament for 20 years, there isn’t much hope !
With regards
hemen parekh

WOMEN IN WORKPLACE

13 Oct 2011

WOMEN  IN  WORKPLACE

Writing in MINT [ 07 Sept, 2011 ], Malvika Chandan highlights following findings of a report released by Community Business , co-authored by Shalini Mahtani ( Founder ):

  • Percentage of women represented in the total workforce

·       China  ……………………  49.79 %

·       Malayasia…………………..47.35 %

·       HongKong  ………………. 45.34 %

·       Singapore  ……………….  43.29 %

·       Japan  ………………………. 33.62 %

·       India  ………………………… 24.43 %

Obviously, India has a lot of catching up to do.

But then , if  “ Women’s Representation Bill “  can be languishing in Parliament for 20 years, there isn’t much hope !

This is nothing less than  “ Crime Against Women “ perpetrated by the male members of our parliament – a crime they will continue for ever unless/until women of India unite and refuse to vote in the next election.

With regards

HEMEN  PAREKH