Skip to main content

Keep the pressure on

There are enough doubting Joneses everywhere and India is no exception. My co passenger on a nearly 50% occupancy flight said " Kuch hobe na" in chaste Bengali accent when we got talking about the citizen journalism and consumer pressure groups.

It is three weeks to the tragedy of Mumbai and I am glad that "short lived memory" is not so short in this case.

Churchil had IInd World War, Gandhi had satyagraha, Indira Gandhi "Bangladesh creation", Manmohan Singh "Nuclear treaty". Is there a new chapter being written in India where the hero is going to be the consumer.

I was glad to know that NBA has formed a code of conduct for disaster reporting. Even better was a channel that showed more fire, both actual and verbal, than better sense prevailing; moving to conducting an sms and web based poll if media crossed its line in coverage of Mumbai tragedy. What pained me was the same show of fire when covering news bit on Pakistan.

My appeal to all is not to let this again get into a slumber but keep the pressure on. Accountability rests not only with government and politicians but all institutions including media.

Print media is moving more towards economic issues and so seem to be stock markets. Pleasant looks were of two full page ads from real estate players in a daily of the Capital if India.

More on the economic front tomorrow.

Comments

Popular posts from this blog

New addiction

Unsaid speaks louder than words

The message was clear. US is facing a financial crisis. Americans need to contribute to get out of "conveniences". But the statements like "it will get worse before it gets better" without a timeline and references to a time of slavery etc are not comforting. American era may be ending faster than anticipated. Obama's inaugration speech was truly indicative of a man under pressure from the start. As any sportsman will confirm, it's all in the mind and followers just follow the leader and Obama has not set the bar high at all. My view is that it is heading south fast...... Contrast this with the situation in India. All that leaders are talking about is security and resolve to protect Indian at ANY COST. Economic issues are tackled with a view, yes it is a slowdown but we will still beONE OF THE BEST IN THE WORLD. No talk of worsening things, less spending by government. News headlines are all talking about shrinking bottomlines for profit and NOT LOSS issues....

How reality loses to momentum?

Truth prevails is an old adage that seems to be losing its relevance in the current sentiments. Still I am confident that "Truth shall prevail". Hopefully, sooner than later. The case in point is the investor confidence in the stock market. Indian markets are aping the performance of the stock markets of developed world. In fact, the possible loss in indices is reasonably predictable in the last few weeks based on what happened on the previous day in Europe and US. Are the situations similar? Are Indian businesses facing the same situation as companies in western world? Are Indian corporate giants going bust like crackers in Diwali? Have companies of great repute and history in India have filed for bankruptcy? Has any company in India reported loss of sales (top line) in double digits and evaporation of profits? Slowdown yes. How bad is India? Is it comparable to West? It has baffled me as to how convenient has it been to be infected with "western sentiments" virus ...