Veraval.

I happened to visit Fishing Harbor, Veraval- Gujtath i.e. on western coastal region of India. Here I meet Mohan Bhai owner of one of the boat among more than 3000 boats. (population of boats has increased so substantially  that boats are park on land using cranes services.) Monsoon season is very down time for fishing business. According to Mohan Bhai now competition has become too fierce as too many people have entered into this arena. One boat cost around Rs. 30 lakhs INR. 

He is getting labour force( Fishermen) mainly from. Daman-Div, Mumbai and coastal Maharashtra.

15 days work in deep sea is costing him around Rs. 1 lakh which include the cost of 3000 litre diesel. While the estimated earning is around Rs. 3 Lakhs from the 15 days work. But the earnings are not exactly predictable and sometimes it gone upto Rs.  4 lakhs to Rs. 0. It all depends on the seeds available in the sea.

The marine products are later on transported to other part of country, majorly to Mumbai and there are exports of marine processed products to Japan, USA and Gulf countries. 

  Veraval is also famous for Boat making. Many enterprises are engaged boat making. Veraval is providing livelihood for coastal Gujrathi's. 

Regards

Amol.

Economic figures may recover in future, but his childhood cannot.......

(Source: picture captured at Ahmedabad, Gujarat, India on 18th July 2012)

Economic figures may recover in future, but his childhood cannot.




Regards
Amol Nakve.

The Thorn Birds

From the very first page of novel -The Thorn Birds by Colleen McCullough. 

There is a legend about a bird which sings just once in its life, more sweetly than any other creature on the face of the earth. From the moment it leaves the nest it searches for a thorn tree, and does not rest until it has found one. Then, singing among the savage branches, it impales itself upon the longest, sharpest spine. And, dying, it rises above its own agony to out-carol the lark and the nightingale. One superlative song, existence the price. But the whole world stills to listen, and GOD in his heaven smiles. For the best is only bought at the cost of great pain…..or so say the legend..

-Amol

Letter to Prime Minister.

Dear Prime Minister,

      I have never intended to write a letter to you. But the current uncertain economic scenario has forced me to write a letter to you to get an expert view from you.   

Today I have been reading many article on web,  news papers with the news stating that the India could be the first nation to have investment rating to junk  status among BRIC. There had been a lot of political view/suggestion made for the betterment of the economic affairs within and outside the country and avoid the further deterioration. This is the only alarm buss by this global rating agency.

S and P were downgraded  India’s outlook  on  BBB- rating to ‘negative from positive’. This was the first instance to wake and act for the reforms. 

      It was clear from the quotes of the some of your colleagues in news which clearly shows  governments denial mode. The report’s conclusion has not been taken into right spirit. There were few example where countries had adopted corrective measures opted for more economic development.  The global rating help to guide investors  to park their money in form of FII and FDI.

UPA I and UPA II agenda were Inclusive Growth of the nation. On social front government has done lot of remarkable work.  NREGA has played catalyst role to ensure the employment of the rural citizen though world bank has slapped the act for stopping the migration of people and real cause inflation. Despite of this I support the scheme as it has created the sense of imp among capitalist to ensure the minimum wages to the labour. Right to Food will also  prove the flagship program by UPA-II. Now World Banks data has also proved that, poverty has also started eradicating from India.  Governments efforts on social front are likely to be appreciated.

     There is lot need to be done for agriculture. Supply for critical  fertilizers is one highly important area where your team member has to focus on as it is having direct correlation with budgeted subsidies. As government has to balance the interest of farmers and fiscal budget. MSP for the farm yield will have to be review after this monsoon to keep it aligned with market standards. I differ your view  stating that fundamentals of our economy are strong because we are agriculture based economy but present scenario is changed, now there are negligible efforts to raise the share of agriculture in GDP( unlike govt. efforts on New Manufacturing Policy).

     Especially when we talk abt inflation the monitory policies were supportive in nature to tame the inflation but the fiscal policies are not aligned with them. Still inflation is real factor to worry and we are just scarifying our growth. And monitory function in case of 2G case, CWG and coal auction has badly affected the government image.  This year budget was really roll back event in UPA tenure, we roll back GAAR, FDI in retail,  ban on Export of Cotton, train fare and others. I do understand running coalition govt is not the cake walk. The people were saying the policy paralysis a lot. But I don’t think your government is observing the this symptoms. The real reason behind all the roll backs was that these were not studied well prior to presenting to both the houses. 

      Sir, you were the force behind the economic reform of 1991. And have the economist as expertise. There are lot of bill pending in houses for clearance & which are very necessary for economic reforms and nation development. One of  them is Micro Finance bill to regulate the sector. This sector had served the financially excluded segment of the society. If this bill will passed as soon as possible then MFI industry will collapse and this for sure, your special intervention is required on this. We all are seeking  your views on the current economic betterment by breaking the silence.               

Regards.

Amol Nakve

Incentives( an Economist view)

Incentives

One thing which I have learnt while reading the book titled Freakonomics by (Steven D Levitt &  Stephen J Dubner) is that how incentive are working. We have basically two type of incentives positive and negative(in economic views). Positives, say like monitory rewards, non-monitory awards and negative are the penalties and punishments.

 There are three favors of the incentives viz Economic, Social and Moral. A single incentive scheme will have to  include all three  varieties. for an example 30%  tax on cigarette is economic incentive, ban in restaurant and bar is social and terrorist raise money by selling in block market is moral incentive.

Idle incentive, should take consideration of all these favors to achieved the required results/changes. Unless these were not put into very appropriate manners it would be quite challenging to achieve the desired outcome.  This is an economic approach towards incentives.

I undoubly  while reading this book believed that HR persons should  be master of an economics to peruse Human asset in all possible direction. The world of HR shall be only limited to business HR but this is time to became an HR economist to serve the stakeholders of the business community. It would be highly recommended to read Freakonomics .

Faith.

Amol Nakve.

Just for Today, Lord.

Hi,

Last evening I have attended the seminar conducted by SHRM India on HR ration.

Good to know that ISO and SHRM are working toward the standards like ISO 9001 for HR.  

The subject of the day was HR Ratios and how this can be helpful for HR fraternity by Mr. V. P. Mashroo( V.P. HR for Harsha Engineers Limited.)

He has started the function with following prayer, I just thought to share with you.

Just for Today, Lord.

I will live through the next 12 hours and not try to tackle all of life’s problems at once.

I will improve my mind.

I will learn something useful.

I will learn something that required efforts, though and concentration.

I will be agreeable.

I will look my best, speck in well- modulated voice, be courteous and considerate to my colleagues.

I will not try to change or improve anyone but myself.

I will have program.

I might not follow it exactly but I will have it.

I will save myself from two enemies- hurry and indecision.

I will do two things,

I will do a good turn and keep it secret. If anyone finds out, it won’t count.

I don’t want to do, just for the exercise.

I will believe in myself.

I will give my best to the world and feel confident that the would will give its best to me.

 Regards

Amol Nakve.

Ahmedabad.

Character and Behavior.

How to Build the Character and Behavior.

Zenger and Folkman suggested the following three steps to alter behavior and build character.

1) Always Deliver: Be cautious in the commitments you make. One of the core values of Infosys is, 'under promise and over-deliver' rather than over-promise and under-deliver. If you know that you may not be able to deliver, then you should not commit. False commitments inconvenience others and damage their trust in you, If you have made a mistake, admit it and work on correcting it. Next time remember to be careful.

2) Be humble: Do not flaunt the power and authority given to you. Be willing to laugh at and correct yourself. Humility is a very commendable quality. It encourages strong relationship building.

3) Find a Mirror: You need to be constantly aware of how others perceive you and your character. The mirror may be a good mentor, a trusted colleague, or a friend. 360 degree feedback is also helpful.

(note:  from the book Managers Who Makes a Difference by T.V. Rao.