All posts by ananth

In Australia!

From a sub-continent country to a continent country, from a busy city to another busy city, from a growing economy to a developed economy..from Hyderabad, India to Sydney, Australia experiencing, enjoying a multitude of rich experience with warm peoples on both sides!

Am I missing a great era of development and renissance  in India or just waiting for that though bit to be completed before I can see the exciting future unfold. My dream of many years to see the Hyderabad metro run!

Father of White Revolution Verghese Kurien passes away at 90

Dr Verghese Kurien, the father of the White Revolution in India and the founder of Amul passed away on Sunday at Nadiad in Gujarat after a brief period of illness. He was 90.

A Padma Vibhushan awardee, Verghese Kurien was the masterbrain behind making India the largest milk producer in the world. He was also the recipient of the World Food Prize and the Magsaysay Award.

Kurien was the architect of Operation Flood – the largest dairy development program in the world. He helped modernise the Anand model of cooperative dairy development.

V Kurien
Today, over 10 million farmers across the country at 200 dairies produce over 20 million litres of milk every day, thanks to Kurien.

Born in Calicut, Kerala on 26 November 1921 he graduated from Loyola college of Madras and did his BE from university of Madras. He then went to US on a government scholarship to earn his Masters of Science in Mechanical Engineering from Michigan university.

He then joined Kaira District Cooperative Milk Producers Union Limited in 1949 which was formed at the initiative of Sardar Vallabhabhai Patel. Patel asked Kurien to help set up a dairy processing plant, and from here, the journey of Amul and Kurien began.

The Amul pattern of co-operative became a success and it was replicated throughout Gujarat. The different dairy unions were later brought under the banner of Gujarat Co-operative Milk Marketing Federation.

India’s doodhwallah (milkman) Verghese Kurien and his organisation Amul transformed the life of humble cattle farmers throughout the country.

The last rites of Kurien, who is from Kerala, will be performed late Sunday afternoon. He is survived by his wife Molly and his child, Nirmala Kurien.


Kitne Dafe Dil Ne Kaha (Yun Hi)

Amazing Song

Kitne Dafe Dil Ne Kaha, Dil Ki Suni Kitne Dafe
Waise Toh Teri Na Mein Bhi Maine Dhoond Li Apni Khushi
Tu Jo Agar Haan Kahe Toh Baat Hogi Aur Hi
Waise Toh Teri Naa Mein Bhi Maine Dhoond Li Apni Khushi
Tu Jo Agar Haan Kahe Toh Baat Hogi Aur Hi
Dil Hi Rakhne Ko Kabhi, Upar Upar Se Sahi Keh Dena Haan
Keh Dena Haan Yun Hi
Kitne Dafe Dil Ne Kaha, Dil Ki Suni Kitne Dafe

Kitne Dafe Hairaan Hua Main Yeh Soch Ke
Uthti Hai Ibaadat Ki Khushbuein Kyun Mere Ishq Se
Jaise Hi Mere Honth Yeh Chhoo Lete Hain Tere Naam Ko
Lagey Ke Sajda Kiya Keh Ke Tujhe Shabad Ke Bol Do
Yeh Khudai Chodh Ke, Phir Aaja Tu Zameen Pe
Aur Jaa Na Kahin, Tu Saath Reh Ja Mere
Kitne Dafe Dil Ne Kaha, Dil Ki Suni Kitne Dafe

Kitne Dafe Mujhko Laga Tere Saath Udate Hue
Aasmaani Dukaanon Se Dhoond Ke Pighla Doon Main Chaand Yeh
Tumhaare In Kaano Mein Pehna Bhi Doon Boonde Banaa
Phir Yeh Main Soch Loon Samjhegi Tu Jo Main Na Keh Saka
Par Darta Hoon Abhi Na Yeh Tu Poocahe Kahin
Kyun Laaye Ho Yeh, Kyun Laaye Ho Yeh Yun Hi
Kitne Dafe Dil Ne Kaha, Dil Ki Suni Kitne Dafe

Shell / Paper companies and excesses – The Economist!

Did you Know?
* Up to 2m are set up in America each year!
* Britain creates some 300,000; around 250,000 are set up in offshore locations.
* The British Virgin Islands (BVI) alone registered 59,000 new firms in 2010. It had 457,000 active companies as of last September—more than 16 companies for every one of its 28,000 people.

Shell Companies/ Paper companies/ firms, often with nominee directors are free of any obligation to publish their accounts. That helps stop outsiders from working out what they do or own, where they operate, who controls them and whom they really belong to.

Positive Uses of Shell firms:

Shell companies are perfectly legal and have many above-board uses. Firms may use them during mergers, to park assets during complicated transactions, or to fend off lawsuits in countries with predatory governments or corrupt courts. They can usefully protect trade secrets or safeguard directors from kidnappers or busybodies. They offer flexibility for entrepreneurs needing to move quickly. “Every company starts out as a shell”!

They can also be misused—for tax evasion, money laundering, sanctions-busting or terrorism. A World Bank report last year, “The Puppet Masters”, investigated 817 big cases of corruption between 1980 and 2010. Almost all used shells.

One reason for their ubiquity is an American-led push against money laundering. New rules make it all but impossible for someone to open a bank account anonymously. As a result, shell companies have become the easiest way for a malefactor to hide his identity. The recent indictment of Wegelin, a Swiss private bank being sued for helping Americans to evade tax, is peppered with references to “sham” companies and foundations, set up in places like Panama and Liechtenstein to conceal the identities of the bank’s clients. Several companies, including global giants such as BAE Systems, have been caught using shells to pay bribes to officials posing as consulting firms.

Who to Blame?
Much of the blame for this goes to small-island jurisdictions, often derided as “sunny places for shady people”. Yet the biggest offenders are countries that pride themselves on their financial integrity. Britain (unlike most offshore locations) does not regulate company-formation agents. It even lets firms be founded with bearer shares, which, like cash, belong to whoever happens to have them with him at the time. Most countries have abolished these securities, under pressure from international financial regulators, but one British website offers same-day incorporation of a UK bearer-owned shell for a mere £142 ($227), within four to six hours.

merica is even laxer, because company formation is a job for the states, not the federal government. Formation agents are neither covered under anti-money-laundering rules nor required to report suspicious activity by firms they have established or administer. Reuters, a news agency, has shown that agents with dire records can be barred from doing business—but even then can soon start up again.

Tracing the real owners of private firms is harder in America than almost anywhere else. Some formation agents there do not ask for identity documents, let alone verify them, as Mr Sharman discovered when he posed as a would-be money launderer, as described in his book, “The Money Laundry”. One-eighth of all the shells found by the World Bank were incorporated in America (see table). Attempts at reform have got nowhere.

Offshore formation agents seethe at this: they have tightened their standards under pressure from big countries that do not practise what they preach and (worse still) are now stealing their business. Raúl Castro of Morgan & Morgan in Panama speaks of a “great sense of injustice”. Big countries are increasingly demanding that offshore companies prove they have “substance”, such as real offices and employees, in order to qualify for benefits under bilateral tax treaties.

Banking the profits

Miscreants will find little use for a company unless it has a bank account. That in theory should be a tightly guarded gateway to the world of respectable business. Mass incorporators typically offer bank accounts too, creating a symbiotic relationship between the smithies of corporate identity and the money men. “The two can’t live without each other,” says a financial-transparency expert at a multilateral institution.

In many or most cases that may be perfectly legal. But the potential for abuse is huge. Banks with big offshore businesses have been known to offer their employees incentives to sell corporate vehicles. A former UBS employee who left in 2008 says that the member of his department who had sold the most shells the previous month received a gift and a bonus. All were expected to sell at least a dozen a year. Bankers kept incorporation forms for various offshore structures in their drawers. Once a week some of them would go to Liechtenstein to get the paperwork for the latest batch of foundations stamped. UBS declined to comment. Such practices may no longer be widespread. But the Wegelin case shows how easily they attract American prosecutors’ attention.

Having got offshore jurisdictions, at least, to find out more about their customers and keep better records, and with banks quivering in fear of American ire, the next push is towards regulating the booming company-formation industry. Hong Kong and the Netherlands are mulling the idea of introducing regulation within the next three years. Even Britain and America may impose a duty to report suspicious activity. By the murky standards of the past, even that would be a welcome change.

Link to the article: