Obama, India and Me!

President Barack Obama escorts Prime Minister ...

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Barack Obama was all over today’s news papers, so much so that I struggled finding some other ‘news articles’ that made it to the pieces of white wood. I have no second thoughts on why Obama should be given all the importance he is getting. But I dont understand the purpose of his visit. For instance, more than half of his time in the first two days went interacting with students of St. Xavier’s College, dancing with students of Holy Name school, engaging in video conference with the Panchayat of a small village near Ajmer, enjoying a non-business cocktail with the ministers of Maharashtra… and now he will be delivering a speech in ‘Sansad Bhavan‘ (called as parliament by the desis) … and the ministers will listen for qa change…

Yes, he did attend a CII summit along with some of the well known CEOs. I heard some of them in the news saying these lines –>

“… well this is a break through visit for Indian commerce. Mr. Obama’s presence in India has really helped and…”

“… yes he has talked about a multi level engagement notably focussing on some of the sectors such as education, agriculture and not just technology…”

“… he is right in saying that our trade relations with the US is not very strong as of now and this is a big step forward in strengthening them…”

“… now he has spoken about insourcing the jobs back to the US, which is good for us in a way because we may not really be losing an opportunity to work with the American companies…”

“… he told us that he is worried about creating jobs for the American citizens. So we will surely work out a win win situation…”

“… oh absolutely, this visit is absolutely important for the bilateral trade and commerce relations between the two countries…”

I have a question to all of you, Mr./Mrs./Ms. CEOs of India. What broke through in less than two hours of a packed conference that made you think of a big leap bilateral relations and made Obama re-think about his strategy on outsourcing? Let us not fool ourselves. I think Barack and his wife Michelle came here for an entertaining holiday. The itinerary says it was neither a business nor a political visit. And most of us understand it (either you are a fool or you work with a news channel if you dont).

Mr. Obama- Thanks for coming to Mumbai. It was because of you that half the city got cleaned up and the Police had a dress rehearsal. Do visit us again Sir, next time to Thane. It needs cleaning too. 🙂

Sab BAKWAAS

IPL Convener Lalit Modi says he shifted the much hyped tournament out of India because the game should not suffer at any cost. Where as the real reason is the millions riding over the tournament and all BCCI wanted to do was earn money for itself. BAKWAAS!

Sharad Pawar says he should be made the prime minister of India because it is high time that a ‘Marathi Manoos’ was made a PM. We have had a Sikh PM, South Indian PMs, North Indian PMS and all. By that equation Mr. Pawar, will you also support Lalu Yadav if he thinks a Bihari was never made the head of the country? BAKWAAS!

Sanjay Dutt decided to contest the elections from Lucknow of a Samajwadi party ticket because he thinks he is very close to the city (having spent 3 of his 52 years there) and Samajwadi Party is truly ‘Samaj Wadi’. Mr. Dutt, by this equation you are more closer to Mumbai North-Central… and if Samajwadi party indeed connects well with the masses then what is the big problem in fielding a local Lucknow candidate? BAKWAAS!

US wants India to help Pakistan combat terror. Well, I need to correct you here Mr. Obama. How can you expect us to tell a man eater lion to give up meat? Why dont you try taming him instead? BAKWAAS!

Ohh! Bah! Meh!

Yes the post refers to the newly crowned American President, Barrack Obama. (The results were just out. Check Here) People are already gunning to be a part of the glory of the new king of the most powerful (?) economy of the world. Some one is composing music albums in Mexico and are dedicating it to him, some body has painted his portrait in Madrid, Spain. In fact a handful of Indian techies donated a share of their wallet in the difficult time and contributed about $4100 to his election fund. I wonder what could be the usefulness of that amount.

Anyway, what worries me is a quote from the new President. “I think when you spread the wealth around, it’s good for everybody” Whoa! Excuse me Mr. President, you are going to lead the largest capital economy of the world. Can we infer you have sounded a warning bell against capitalism?

barack_obamaA lot has been said against Obama’s possible socialistic approach. He had already cleared his anti-outsourcing stance stating the American corporations have a social and corporate responsibilities towards the people of the states. Looking at the already volatile market, companies, mainly the financial firms, have lost humongous sum of money. The best strategy that comes to my little brain is to save costs and look for alternate markets with small but immediate short term gains and large long term profitability. But the democrats (even Bill Clinton) feel the other way. They are striving hard to protect the rights of American citizens and have given assurances to most for a better social security and jobs. Yet with the complete no-no agenda on moving jobs out of USA (socialist stance that Obama is portraying) the future, at least the near one looks bleak. Many of the Indian corporations, especially in IT have kept their fingers crossed on the legislative changes, if any that Obama will bring upon. Obama voted against shipping jobs outside of US. He instead argued that America will give tax breaks to the corporations that are willing to invest in USA thereby creating jobs. {In the current scenario All US corporations are required to pay a 35% tax on income, but US companies are allowed to defer paying taxes on income earned abroad as long as that money is being used by the company overseas and remains “unrepatriated income.” That can amount to an indefinite deferral, and does offer an incentive for US companies to do business abroad. for reference click here.}

Hmmm… so the question mark for the honest startup entrepreneurs with middling credentials wanting to take advantage of the famous-American-free-trade-policy is here to stay. Guessing the way Obama is going to function, I think these are going to be the reactions of most Asians… “Ohh!… Bah!… Meh!”