Sunday, June 1, 2014

Book Review: Discovering the Vedas

What are the Vedas? Are they sacred messages from gods or expressions of nomads and tribal? What time period they came into existence? And where? What is unique in each of those four Vedas?

This book answers those questions by extracting concrete information from the oral tradition and archaeology. It sheds light on mantras and rituals that became bedrock of Hinduism and also contributed significantly to Buddhism. From this book I came to know that Gayatri Mantra we recite is one of the 1028 shloka's from Rigveda.

Author of this book, Frits Staal, came to India on a scholarship from Govt. of India to study Indian philosophy and Sanskrit at a university in Madras and he stuck to those subjects and they became his career.

This is a thoughtful and a remarkable book. It helps to understand the religious subject from historical perspective.

Wednesday, May 28, 2014

Book Review: Rivals: How the Power Struggle Between China, India, and Japan Will Shape Our Next Decade

India, China and Japan are three largest countries of Asia. They are neighbors and fiercely compete with each other for influence, markets and resources. They trade with each other but have border disputes too. The big brothers United States and Russia watching closely the developments in Asia, are taking sides, attempting manipulations and seek opportunities to benefit from it.

The former editor in chief of the 'The Economist' explores the history of Asia focusing on these three countries, identifies the flash points and danger zones such as Kashmir, Aurnachal Pradesh, Taiwan, Islands in East China sea etc, and also offers solutions to diffuse tension.

Reading this helps to know the issues better but not to interpret the future. So the set of questions remain as questions. Is it possible to resolve disputes which are unresolved for decades? Will the rivalry intensify or is there a possibility of Asia to unite like European union? What would come first, war or peace?

Monday, May 5, 2014

Book Review: Walking with the comrades

State borders of Madhya Pradesh, Chattisgarh, Orissa, Andhra Pradesh and Maharshtra slice through the forest of Dandakarnya, homeland to Maoists. But in the same place lies the opportunity for corporate to mine the minerals, build factories, power plants, refineries and dams. For these projects to come to life, tribal living in those places must be displaced. Those tribal become refugees of India’s progress. With their right to livelihoods gone, and unable to find a place in the ‘civilized’ world, they turn against the system. They create their own governing mechanism, set their own rules and even form their own military to defend and fight.

For those of us living in a comfortable world with materialistic ambitions, the life of the comrades of Naxalite movement seem a distant world but scratching below the surface opens up plethora of reasons why thousands of those volunteers come together, fight for a common reason, and create hope in many others to join the movement before they get killed.


Arundhati Roy makes a journey into Dandakaranya, walks miles with those comrades, listens to numerous stories and documents the journey in this pocket sized book. While the arguments are pro-naxalite throughout, she has made a sincere attempt in putting forward their points of view.

Saturday, April 26, 2014

Industry analysis: Global Steel Capacity; A problem of plenty


While the consumer gets a bargain during dumping, it shows stress signs at the producing country. Is China’s steel industry really under pressure or is it a one-time event? Let us try to understand the scenario which is playing out starting with understanding the installed capacity around the world.

Global steel capacity:

China produces half of the steel world consumes. When did it start to add so much capacity? 
Is there really demand for it? 
What are the utilization levels?


It all started in the last decade, capacity almost doubled in less than a decade. And most of the capacity was installed in China. See the chart below.









Since the demand for steel is 1.2 to 1.5 times of GDP growth, demand for steel slowed along with slower GDP growth. So utilization of at the steel mills of China too declined. (http://www.reuters.com/article/2013/11/20/china-industry-idUSB9N0I602N20131120)

Conclusion: 
Large scale dumping appears to be an attempt to clear off the inventory. But it can continue in a lesser scale, as China can always offer lesser prices than producers in many other countries for several reasons. If there is any uptick in global economy, it would stop. In case of global steel demand softening further, China's steel companies would follow the footsteps of its solar industry, go out of business, until demand-capacity finds an equilibrium.

Monday, April 14, 2014

Book Review: The Man-Eating Leopard of Rudraprayag

This is the hunting tale of a man-eating leopard which had terrorized the villages bordering the river Alakananda for almost eight years. Records show it had killed 125 people (and many more killings did not get into record!) which makes him one of the biggest man-eaters humankind has ever witnessed. 3,000 plus gun license holders in the vicinity and many sportsmen failed to eliminate this leopard, and the serial killings went unchecked had put the colonial Govt. in bad light. This leopard got international fame through media and the devotee visiting holy shrines in the operating area of leopard carrying back the horror stories to their hometowns.

Invitation was sent to Jim Corbett (who needs no introduction). Leopard gave many misses to him too. A missed shot by Jim took off little hair from leopard’s neck but its man hunting continued. He killed a leopard in one of the attempts but found that it was not the man-eater. Series of attempts to hunt the man-eater failed which made Jim depressed but the villagers had an unwavering faith in him. They just believed leopard’s time has not come! While he prepared to pack-up, luck met him with the man-eater walking into the trap he had set as last attempt in a dark night giving him the opportunity he waited for ten weeks. Jim shoots with aim but immediately his torch goes off not letting him know the result of his shot in the pitch dark and moon not in sight. He waits till morning hours before getting down from the tree eagerly waiting to know the outcome, had he got the shot right and was it the man-eater. He feels relieved after identifying the dead body of man-eater and the whole village celebrates. Jim writes that gratitude showered on him was at its high on that day with all villagers thanking him for relieving their lives from fear.


Jim Corbett was born in Nainital and grew up in the Himalayan terrain which gave him the natural exposure to wilderness. His excellent observational skills, putting all senses – sight, hearing and smelling to work, making use of the knowledge he had developed of the way of the jungle, made him unparalleled hunter, gave him success where many had failed. He was also a noted naturalist and a wonderful writer, a powerful combination of talents which created a legend out of him.