Who Killed the kingfisher..

 Everybody, most of my learned friends want Vijay Mallya arrested. They say he had fun at the cost of Public Money, he should be punished. They say he is a fraud, he lives a rich  and Luxurious life, while not paying salaries to his staff and not paying his lenders and vendors.

Who killed King Fisher Airlines? Have you given a thought? As a citizen of India you should know. As an entrepreneur you should definitely know this. I am sharing below a sequence of media reports from the days of the fall of KingFisher Airlines began. I hope to construct the sequence right, so that you can understand how it was killed. and by whom.. A little, backdrop would be, if you recall, or perhaps can google to verify my statement, Most Airlines across the world were doing bad those days. Many were in the verge of collapse.

You may note Jet Airways stocks had plunged around the same time in Jan 2012..

 

You May notice, Kingfisher was doing better than Jet Airways.

 

Kingfisher  desperately had to infuse funds and this was the best thing Vijay Mallya and his team could have done.

It was very well placed,

But what went wrong?

It appeared to be a done deal,

what went wrong?

Not just me, everybody seem to think / say so.. then..

It was obviously not similar thoughts towards Jet Airways.. then.. what went wrong?

Same SBI had hopes on Kingfisher Airlines..

then..

This is the beginning..

Government agency thinks contrary to Market and Banks… why?

Kingfisher Airlines team does, what any serious enterprise does..

 

Why is Kingfisher targeted, while all Indian Airlines were in similar situation then?

 

Why stop an Airlines from flying?

How will an enterprise pay salaries, when agency meant to support the player is keeping it away from raising funds..

Does this help you understand better, what happened?

Its important to understand the share holder details of Jet, particularly, foriegn and Indian Share holders.

Please note Naresh Goyal is not an Indian National.

Note the percentage of General Public & Foriegn promoters as share holders in Kingfisher

Note the general public in Jet Airways and also  foreign promoters

Etihad was still interested in Kingfisher and not Jet Airways..

 

Kingfisher tried things Legally, but what was at play??

Why every possible government machinery tried to scutle Kingfisher Airlines?

Is this the final nail..??

Etihad comes around and agrees to go with Jet Airways..

Anad Sharma was the Commerce Minister..

Then met Finance Minister..

Why, all this to help a company held by majority of  foreign promoters?

Why was Indian Government stretching to do this for Jet Airways, while Squeezing Kingfisher Airlines?

This was perhaps the last nail but we know, what else is happening with the (Once) King of Good times..

Who killed Kingfisher Airlines? Who got Vijay Malaya to this state? Who were the beneficiaries? Can an Indian Entrepreneur dare to do things in his own Country again? Will Indian government support her/him, or lead to what happened to Kingfisher Airlines and Vijay Mallya?

I have never had Kingfisher Airlines or any of Vijay Mallya’s company shares. I have neither been his Associate nor employee. I am writing this to share with my learned friends, this is the truth I saw. I feel bad for Kingfisher Airlines and Vijay Mallya as an entrepreneur. I don’t want such a thing to happen to any entrepreneur.

Time to check Modi’s test scores!!! India 2014-2015

I am not a political analyst, but it has been more than a year Modi and NDA came into power with a great victory whitewashing the Congress-led alliance UPA.

Did India got the “Achhe Din” he promised?

He has been running a massive India marketing campaign all over the world, which is good but as they say, “Half of the marketing goes waste, and you do not know which half.”

I thought of doing a status check on some of the macroeconomic factors that drive the country’s economic stability and growth. India has been in a sweet spot where China is slowing down, Russia almost at the edge of the war, and Oil Prices at all time low, India poised to 7.4% GDP growth rate based on the World Bank data.

	2012	2013	2014	Result
India GDP Growth ($ 2.1 Trillion)	5.1 %	6.9 %	7.4 %	India growing – True
China GDP Growth ($ 10.4 Trillion)	7.8 %	7.7 %	7.4%	China Slowing – True

• Good news– India is way ahead of Russia and Brazil where the GDP growth rate is less than 0.5%, India growth rate increased.
• Bad News – India no way close to China.

India’s favorite topic of any election campaign is “Remove poverty”, every political party; every candidate has talked about this issue, I think the country has been going fairly well, we can debate, it is not enough if we compare with the developed countries.

But the question that I have – do we see a positive displacement on the ground?

The previous government did a good jo`b from 2004 to 2011; with more than 40 percent people were leaving below the poverty line in the year 2004 that came to 22 percent in 2011.

Mr. Modi would get his numbers in 2015 when World Bank publishes Poverty headcount ratio at national poverty lines (% of the population) numbers.

• Good News – Seems like numbers would be better than 2011
• Bad News – Numbers way below any of the BRIC nations

S&P Sovereign country rating for India 2015 – “BBB” – Helps countries getting loans at lower rates and the cost of capital reduction

• Good News – Better than Russia and Brazil.
• Bad News –   Lower than China

Corruption has always taken the center stage in India, with big scams during the Congress rule and was the primary reason Anna Hazare started one of the greatest revolutions in India post independence, which led to the formation of new political parties in India and youth getting involved and informed with the politics in India.  Mr. Modi has debated a lot on corruption during all though out his election campaign, but what has changed on ground India moved nine ranks above from 94^th to 85^th in 2014.

• Good News – Better than Russia, China
• Bad News –   Lower than Brazil, and way below the world tally, still much work needs to be done to stop tax leakages and black money

Corruption Perceptions Index

The most used indicator of corruption is the Corruption Perceptions Index of Transparency International (TI). This index is based on 13 independent surveys, measuring public sector corruption for 178 countries. On a ranking of 0 to 10 (0 being highly corrupt and 10 being highly uncorrupt).

Last few months there has been a debate raising the question of Indian Democracy. I think India is one of the greatest democracies in the world, to back my thought I looked at the Democracy Index.

Democracy index measures 167 countries using 60 indicators in five areas: civil liberties, the electoral process, government function, political culture, and political participation. It uses a 10-point scale (0 being least democratic and 10 being most democratic)

• Good News – Better than Russia, China and ranked 27^th in the world
• Bad News –   Election participation is less usually only 55-65% voters cast their vote

How free are you in India?

I think it is the best place in the world; India matches shoulder with all the developed countries in the western world. Middle East, Eastern European and African countries have never been in a high spot regarding the civil liberties.

Freedom in the World is an annual survey that focuses on political rights and civil liberties.

Inflation is the biggest friction force in any developing countries and has been one of the Devils that has toppled governments in past in India, Mr. Modi, and RBI governor is under tremendous pressure to control Inflation in India, there has been some significant moves by the government to control it. Reserve Bank of India (RBI) has reduced 1.25% in Repo rates making EMI’s going down in last 1.5 years, which gives a sense of relief to the common man.

Based on World Bank report

	2012	2013	2014	Comments
Inflation, consumer prices (annual %)	9.3 %	10.9 %	6.3 %	Still very high
Wholesale price index (100)	117.7 %	125.1%	130%	Very High

Skill Development in India has been Mr. Modi’s focus areas, where he mentioned across the global platforms. India is in a real bad shape, ranks 130^th in the world based on Human Development Index, conducted by United Nations, Countries are rated based on the following factors: education level, literacy rate, years of schooling, income, life expectancy, and standard of living.

Ease of doing business – India has made a significant jump in doing business, but it still lags a mile against any BRIC economy.  It is still very difficult to do business in India.

There is some comfort coming in from domestic factors and the economy has slowly started reflecting in the numbers positively towards the policy changes initiated by the Narendra Modi government. The government has done a fairly decent work in most of the areas but missed out on two of the high profile bills like GST and Land acquisition bill. Rising retail prices and the dollar at 67 has been the top concerns as the rupee has not depreciated a lot. We need to wait and watch another year before #Digitalindia,#MakeinIndia, etc. shows some results on the ground.

 

Disclaimer – I have no relations with any political party, these are my personal views. The reason for this study is to examine the various macroeconomic factors, and how India is ranked today compared to a year before.

The way forward in “IT industry”

When a fresher asked me the way forward – Getting “Certification” or getting a “Mentor.” 

Either way, you have to learn something in life. The point is you can take years to do it, or you can learn fast, might as well just learn fast and get on to the big stuff.

I think getting a Mentor or Guru, is one of the best things that can happen to someone, but again it is the tough way forward.
You will reach your goal sooner; it’s like if you want to reach from point A to B, you have two ways, either you know how to swim or you hold on to a boat.

In ancient times, students used to go to Gurukul, A Gurukul (Guru refers to “teacher” or “master”; Kul refers to “family”.) The Gurukul is the place usually residential type, where the students learned from the guru and also helped the guru in his day-to-day life, including the carrying out of mundane chores such as washing clothes, cooking, etc. The education imparted thus, was a wholesome one. 

If you compare it with our office, you spend more time with your boss then with anyone else, it would be like getting the best of the world if you get a boss who is like your guru. Unfortunately, it is not a one-sided affair, which a lot of people don’t understand. If you want your boss to be your guru get ready to the Gurukul style by doing mundane chores.

Having a mentor, the result is better for two reasons. The first benefit is that learning by doing is free. You pay no tuition fees. So what is the catch? You have to be patient. You don’t have to be scared of not knowing.The Second benefit is you will reach there sooner, even after you learn you still have to please someone that you know it, whereas the other path is getting there by doing it, chances of success are higher Because you’ve done it, not just studied to do it.

I did almost 20 certifications,  in so many areas, I may think that I know a lot, but someone above my pay-grade does not know what I am capable of, that’s where is the gap.On the other hand, one of my colleague who never did a single certification is three levels above my pay-grade at the same age.

Guru understands that if he needs to be the Guru Drona, he needs Arjun’s or Eklavya’s.

My search of the Guru is still on..

Abhinav…