Sunday, April 22, 2018

Movie Review: Rangasthalam (Telugu)

Whole of the movie is centered on the events that happen in a village named 'Rangasthalam' which is situated on the shores of Godavari backwaters. Like in most of the villages, this village too has a President (played by Jagapathi Babu) who dons the role of a villain, who controls the village using violence and eliminates those who opposes him. One of the dialogues in this movie goes thus "There are many people in this village who don't have food but there is no one who don't have have a loan to repay" which reflects the situation the villagers are into. But they are not aware that their loan books are cooked up. Farming yields are not enough to repay the loans and the frustrated villagers suffer in silence and those who oppose get killed which are masked as suicides.

The protagonist of the movie, Chitti Babu (Ram Charan) is a jolly person. He is partially deaf. Others have to speak to him in a louder voice else he can't hear them. That has made him innocent and quite unaware of happenings in the village. But he has a gift of reading lip movements.

As the incidents turn out, Chitti Babu's elder brother Kumar Babu (Aadhi Pinisetty) finds out the frauds of the credit society. As he tries to make it public, events take a violent turn and Chitti Babu hits hard one of the President's men and goes into Police custody. Taking local MLA's (played by Prakash Rai) help, his brother gets him out on bail and decides to contest the elections against the President of the village. After initial resistance, they succeed in getting the acceptance from people. As the election day nears, Chitti Babu's brother gets killed despite the heroic efforts of the protagonist to rescue him. Chitti Babu's deafness becomes a disadvantage for him as he cannot make out the last words said by his brother.

Who killed his brother? What happens to the village thereafter? Is President the lone villain? Will Chitti Babu succeeds in deciphering the plots? That is for you to watch on the big screen.

Movie begins with a documentary style of story telling and gathers pace as it progresses. Very neat camera work throughout the movie and the way sequences of the movie are pieced together makes this movie interesting though the main plot is centuries old. Though you might have watched hundreds of movies with this kind of story line, this movie becomes unique with its presentation style and role plays.

I do not watch Telugu movies much but this one was impressive and I felt this was the best among the movies I have watched in the recent times. So I could not resist from telling you.

Wednesday, April 4, 2018

We are coming

Looks like all the back-door negotiations have failed and the trade war has become real and staring at us. It is not just US and China. It would spread to other countries including India. We are very much on the radar.

If you see short term economic benefits, US seems to gain from the duties slapped on the international trade. US is the biggest consumer while China is export based economy. This move should make the US Dollar stronger in the shorter term. But at the same time you should not fail to notice the courage displayed by China in slapping back US with equal amount of trade tariffs. China is not standing on the loose ground. China is making arrangements to pay for its oil imports in its own currency avoiding the usage of US Dollar. Whole world is noticing it. Though US Dollar gained against emerging economies, it is falling against Euro and Japanese Yen at the same time.

Message is clear and loud. If you can look further into the future, China has ambitions to make its currency an international one, at the cost of US Dollar. It would slowly get off the vast US Dollar reserves it holds as and when its own currency finds takers. If we assume that Donald Trump continues to remain same in his approach, US Dollar will see serious damage to its valuation in the years to come. Its supremacy in the global market might end and Trump can make it as soon as possible by increasing the intensity of rivalry against China and other countries.

If we assume that US Dollar is going to lose value, it will have a greater impact on India too. Exporters (from India to US) will see their businesses shrinking and becoming infeasible. Talent drain will reverse at a faster pace. India is a consumption major economy unlike China which is export driven. Though two major industries (IT, Pharma) of India will see an adverse impact, rest of India would see things getting better for them with this structural change in the economy. Our currency getting better against US Dollar will help our economy as trade deficits would become thinner and gradually disappear.

Right now we say we are $2 trillion dollar economy with a national income $1500 to 2000 per person per year. If Rupee is going be stronger by 20-30% against USD, our GDP and per capita figures will also be revised by that gain in Dollar terms (though not much has changed in Rupee terms). This will help close the gap between us and rest of the world (mostly with the developed countries).

On PPP terms, India already has a decent ranking and it looks like it will only get better from here, may be at very fast pace than expected earlier. Except China, we can say confidently to rest of the world "We are coming."