Greece exit averted: For now!

So, Greece succeeded in cracking a deal with European Union and got a bail out and a growth package. Overall it looks like Greece negotiated very well and got a lot more in spite of its situation being at the receiving end. Of course, EU wants some tough stance to be taken by Greece so that situation may at some point of the time normalize.

One of the important aspect asked by EU to Greece is to bring in laws to reform its economy. This will include some heavy decisions to be on the pension scheme and the tax revenue.

EU also expects Greece to liberalize the labor market.

It also expects privatization of electricity networks in the country.

There is also an expectation to keep the shops  open for a longer time, some how making people to spend money and let money come in market, which otherwise is hiding in people's trunk.

EU also wants Greece to design a systematic methodology including formation of a trust fun, a short term bridge financing  to avoid bankruptsy.

In return, EU will do all possible things to keep Greece with in EU. It will also be taking help of IMF in providing assistance to the country.

 

All said and done, the worse is not over, just postponed for some more time. Surprisingly, this deal had a positive effect on our stock market. Though, the fall wasn't that significantly observed during the fall out few days back, the positive approach has really boosted the stock market. For a change, after a long time, the market was appearing green.

Lets see how things take turns in future. It is too early too speculate anything, but according to me, it will be a miracle, if Greece will come out of bankruptsy and stabilize its society in near future.
For clearer understanding of the negotiated conditions, follow this link
http://www.bbc.com/news/world-europe-33504487

 

 

Greece: Twist in the tale

The Greece story is writing new pages in history. This is a story which started a lot earlier by started creating interest since say 2011. Lot of things started happening back then. Check these pages of the story.

At some point of the time, the story apparently was coming to an end, probably a happy ending. But all was not well. Greece, on one hand was running short of money, but, on the other hand, do not wanted to reduce the level of their standards of living.  This was the point of conflict of interest.

The European Union (EU) wanted to put restrictions which will make Greece thrifty. But, Greece do not want to compromise with their standard of living. Greece, major part of expenditure is associated with the Pension schemes. EU wanted to bring this expenditure under control. A lot has been happening on this front.

Finally, yesterday, the people of Greece voted for decision whether to accept European Union's conditions. Based on this it will be decided whether EU will decide whether to continue helping Greece or to let them leave EU.

 

Result of the voting is out now and people of Greece have decided to stand against the conditions being imposed by EU. They are apparently ready to leave EU and accept the condition bankruptcy.

There is another angle to this decision taken by people of Greece. With this decision, Greece probably will be in a condition where they will negotiate with EU to relax the conditions put on them. EU as such do not want any of the country to leave. Because if Greece leaves, there are other countries including Spain, Ireland, Portugal waiting in line and then EU will kind of become meaningless.

 

It will interesting to see now, how this story unfolds in future. The next few pages of the story are going to be very interesting and probably effecting every one of us in some or the other way.

 

Panga lena sikho!

This advertisement reminded of initial days of IPL when some interesting ads would start making round making people's neck turn, wait for a minute and watch an advertisement. Even a funny take on the game would make it a hit. Looks like, just as IPL became a big hit, this league of our Desi sport Kabaddi has started gaining popularity. That is the reason why such an ad could be created.

This latest advertisement for Prokabaddi league made me wait and watch it. Initially I did not understand what is happening and appeared some thing just funny. But when it was connected to Prokabbadi league towards the end, it got fixed in mind that Prokabaddhi league is starting soon. I feel this is the best way to reach to people and make them realize about a event. Had the ad been presented in any other fashion, I probably would not have paid any attention. But this is a good development and it will help attracting more people to watch the game.

I enjoyed this ad a lot and that's why sharing with you all.

Watch it at this link: https://www.youtube.com/watch?v=9va9LJkjBT0

incase the embedded video is not working.

A rainy day in Mumbai

 Since yesterday, any news channel you open, its occupied by Mumbai rain.Mumbai was lashed by heaviest ever rain in the month of June. At places it recorded as big as 530 mm of rainfall. Of course, necessary preparations were not in place to tackle such high rainfall. What resulted was a chaos everywhere. The rain disturbed day to day activities of Mumbai city. First and foremost effect was observed on the traveling routes.

 The lifeline of Mumbai is its local train service. If local trains are stopped, every thing stops. That's  what happened yesterday. Most of the railway tracks in the low lying areas were underwater. One snap of Chuna Bhatti station showed water filled till the platform level. There were jokes making round on whatapp saying, "India has developed first train that runs on water. Japan and Germany are jealous of India". 

All the commuters who have to use locals couldn't get out of their starting stations because all the locals were stopped.  Alternative to locals is road way. BEST also has efficient transportation system in Mumbai. Infact at most of the places buses were traveling. But, even these routes were filled with water enough upto the levels of car bumper. At places, even the half of the trucks were seen under water.

 Those roads where there was no water clogging were clogged with all kinds of vehicles. Forget, buses or cars, even two wheelers which otherwise finds it easy to make space to move ahead were stuck at places. And once, you are stuck in this traffic, you are stuck for a big time. You can neither move ahead through this traffic nor can you leave your vehicle on road. The only option was to stay back at home. Those who news early morning, stayed back home.

 But then there are enthusiasts, who wants to convert these moments into adventurous ones. There are many spots in Mumbai where you can see sea water reaching upto roads. Yesterday was also a day for high tide coinciding with the heavy rains. As a result, sea was at its best with tides as high as 4.5 mts hitting the shore. And obviously, there will be mumbaikars who wants to get drenched with these high tides.

But deep inside, sea had turned into monster. It was advised to all the fishermen not to enter the sea. A look of sea from Worli-Bandra sea link would have made one think whether it was right decision to climb up on this route.

Overall, it was an altogether different experience. It could have reached the disastrous stage of July 26, 2005. But some how with all the information available on news, internet, it was possible to tackle the day without any big mishap.

P.S: All the photos were taken from internet. 

Air Bike - Dream coming true!

All the followers of Sci-Fi movies must be craving a vehicle  which will individually take him/her from one place to another through air. Even the non Sci-Fi followers must have at some point of time, thought about a mode that will help them avoid every day road traffic.

With time, all such expectations and dreams are turning into reality. A bike that literally fly through air will soon be hitting markets. Two relevant names have been making rounds now a days among the enthusiasts.

Flike

A Hungarian project where such a vehicle is called "Flike" is one of the leading group coming up with this idea of flying through air. More details of the project can be found a:

http://whatisflike.com/

Their basic concept is to use the technique of Helicopters. An animation of their idea is given on the site. They have even managed to take first manned trial. A video of the same is embedded along.

All said and done, I will be little skeptical to sit at the center of three high speed rolling blades. It appears too risky for one thing and second, it will be too cold I guess sitting at the receiving end of three high speed fans. 

 Another approach is that of Hovercraft. An American company has come up with approach and named it Aero-X Hovercraft. This thing is pretty much finalized and if every thing goes well, it will hit the market by 2017. You can even book your Aero-X Hovercraft by visiting this site:

http://aerofex.com/buy/

This thing costs only 85000 $.

Well now it depends on individual how one adapts to this new coming change.

All they say at the moment is this will help you to avoid road traffic, but what will happen to air traffic. Uptill now one had to check left and right to cross the road, but now you will have to check up and down too.

With new facility, new rules also come.

John Nash: Unexpected exit

John Nash (June 13, 1928 – May 23, 2015) died in a car accident 3 days ago.

Most of us probably do not know who this person was and so they don't really bother about his death.

As many as 80% of people who know him, actually know him because of the movie based on his life. "A Beautiful Mind". A very beautiful movie with famous actor "Russel Crowe" playing his character was a big hit and even won 4 Academy Awards.

But for those who knew him for his work, practically worshiped him. In spite of all the ailments he went through, he emerged as a winner providing so many beautiful theories which find regular applications in diverse fields right from economics, biology and even computer science.

One of the initial work, which actually brought him to surface was his work on Game theory. Out of his observation sitting in a bar, he initiated a theory. According to him if there is a blonde girl with brunette girls as her friends, evrey one should in the group should opt for those brunette girls, so that without any conflict, every one in the group will get a girl and everybody wins. If on the other hand, one asks blonde girl and she says yes, only one among the group wins. If she says no, other brunettes would also say no, don't wanting to be the second choice. With this example he tried to disprove his competitors theory who coined the term "every man for himself".

His life story had many ups and downs. It included his ailment where he learnt to live with hallucinations. He came over these obstacles and made a such great impact that he was awarded presetigious Nobel Prize for this work.

Very recently, just on May 19 he received another such prestigious award in Oslo, Norway.

Little did he know that an act of unnecessary overtaking by a cab driver who probably had no idea who is sitting in his cab, brought a sudden end to a beautiful journey.

John Nash was a big name in his field and it is a big loss for all of us.  I hope, his work reaches every person.

http://edition.cnn.com/2015/05/24/us/feat-john-nash-wife-killed/

http://en.wikipedia.org/wiki/John_Forbes_Nash,_Jr.

India Vs Australia Semifinal World Cup Cricket 2015

Here, we are.

The Semifinal match of India where it will be facing a big team of Australia. 

I believe this is going to be the first real test of India  in this World cup.

 Although, India did faced some big names in its league matches, but none of them could really  put pressure on Indian squad.

I have already lost interest in India-Pakistan matches. Same is the case with India-West Indies match. I was expecting some real threat from South Africa, but it went badly for the proteas.

Coming from there, today's match will be the first real test for the Indian team. This time, in real sense, the best four teams  made it to the Semi final. It was little heart breaking for me to see South Africa loosing at the penultimate ball. I was routing for that team, all of because of their history (chokers) and some of my small connection with the Country. New Zealand on the other hand, I feel, is a great team only in its backyard.  I don't really remember this team performing any better at any other place in the World. So, I am not supporting  this team.

Coming back to India and Australia, it is really difficult to make any statement on which team will survive today. Both teams are in great form. Just out of insecurity one feels about their own team,  I am feeling, probably, its Australia Vs New Zealand Final. I hope, I am wrong.

As usual, I won't be watching the match, but following from time to time, on Cricinfo.

Let the best team win. 

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( I hope its India)