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    October 26

    Disney vies for Bollywood gold with Hindi movie

    Hollywood giant to make animated feature in India voiced by country's stars

    Bollywood’s Kareena Kapoor and Saif Ali Khan lend their voices to Roadside Romeo, Disney’s first animated movie in Hindi

    Bollywood’s Kareena Kapoor and Saif Ali Khan lend their voices to Roadside Romeo, Disney’s first animated movie in Hindi. Photograph: PR

    It's a marriage made in movie heaven. Bollywood and Hollywood, which have long peddled shared visions of chaste romance and unlikely friendships, today finally ties the knot with Disney's first Indian-made animated feature film in Hindi: Roadside Romeo.

    The movie, which took two years to make, tells the story of a pampered pet dog after he is abandoned on the streets of Mumbai. Released today, for the start of India's Diwali holiday weekend, the film is a joint venture between Walt Disney Pictures and Yash Raj Films.

    Being made in India meant the budget, thought to be $7m (£4m), was 15 times less than the average cost of Disney's Pixar movies such as Ratatouille.

    In a tacit admission that a talking mouse could not be repackaged for Indian audiences, Roadside Romeo features Bollywood songs and dance numbers and the voices of its leading couple, Saif Ali Khan and Kareena Kapoor.

    Disney said it wanted to build a "brand that touches Indian families everyday, [and has] reach and relevance ... [Disney is] strong in building creative properties".

    And with a slump in cinema takings expected in the west there is a rush to tap into the Bollywood box office.

    Mahesh Samat, Disney's managing director in India, said: "India annually sees 3.6bn movie admissions ... [ticket prices are] expected to go up to 80 rupees [£1] in five years. Which means we are talking about a $7bn box office."

    Disney's new film is part of a trend that has seen tinseltown and India's "place of illusions" grow ever closer. Earlier this month Rupert Murdoch's News Corp struck a multi-movie deal with a top Bollywood producer. The actor Will Smith has a two-movie deal with Mumbai-based UTV, while the Indian billionaire Anil Ambani has invested $300m in Steven Spielberg's new DreamWorks film studio.

    But to make it big in Bollywood requires more than just importing foreign talent, scripts and actors.

    "Indian television is where US companies found out they could not just dub blockbusters into local languages. It does not work. Once they produced locally they struck it big. Murdoch did it with Star TV. So did Sony. So did Disney," said Vanita Kohli-Khandekar, a media consultant. "Now they have moved to cinema.

    "Movies are part of the cultural fabric of India ... People instinctively know here what doesn't feel Indian and they reject it pretty quickly."

    Failure to adjust to Indian tastes can be disastrous. Last year Sony Pictures became the first major US studio to produce a Hindi-language movie: Saawariya, or Beloved. But the romantic Bergman-esque film, based on Dostoevsky's White Nights, was trounced at the box office by a star-studded musical extravaganza Om Shanti Om.

    Disney's decision to hire an Indian animation firm, Elxsi, part of the giant Tata group, for Roadside Romeo was an acknowledgement of an unsung part of India's outsourcing success story. If you see a Hollywood blockbuster there is a good chance a chunk of its computer-generated imagery was made in India.

    One advantage Elxsi had was access to the Tata-built EKA, the world's fourth fastest supercomputer.

    "Because of the speed of the calculations required we could render the graphics much faster than anyone else," said Subramaniam Ramadorai, the head of Tata Consultancy Services.

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    October 23

    Sarah Palin spent 150k on her Campaign Clothes.. whoa!

    It takes executive talent to spend $150,000 on clothes

    RUTH MARCUS
    SYNDICATED COLUMNIST

    WASHINGTON -- I didn't want to do it.

    I didn't want to write about Sarah Palin's $150,000 shop op.

    Then my husband called to say that this was just up my alley. (Given the state of our family budget, I'm not sure that encouraging me to think about buying expensive clothes was entirely in his self-interest.)

    And my (male) boss raised it at our morning meeting.

    I was planning to spend the day doing some Very Serious Reporting about how to handle the upcoming presidential transition, which is going to be awfully tricky to navigate no matter who wins.

    But, hey, if these guys insist on frivolity, so be it. Between reading a treatise on transitions past and clicking around the Neiman Marcus Web site to figure out how Palin actually managed to drop $75,000 in one expensive swoop -- well, even though I am, alas, not one of those Marcuses, the latter's a lot more tempting.

    It is true -- just ask Hillary Clinton -- that it takes a lot more time and money for a woman politician to be in the national spotlight than it does for a man.

    But assume that even though she is the governor of Alaska, Palin's pre-nomination closet was nothing but North Face fleece and she needed to build a wardrobe from scratch. Assume she's got a little over two months on the campaign trail, and her handlers said it's simply not fashionable to wear each outfit more than twice.

    So, say, 35 outfits -- jacket, skirt, shoes, the whole shebang -- which seems like an awful lot. At $150,000, that would be $4,285 each. I'm on the Neiman Marcus site now, and I'm having a hard time managing to spend that much. Here's a lovely Armani Collezioni asymmetric jersey jacket ($1,635), white blouse ($775) and classic pencil skirt (a bargain at $475).

    Throw in a pair of Christian Louboutin Simple 100 Pumps -- I found them online at Saks for $575 -- and you're still not there.

    Talk about a proven capacity for executive decision-making. I'm impressed, really, that she could manage to spend so much so fast.

    Did they not think anyone one would find this stuff buried in the Republican National Committee reports -- when these things are electronically searchable?

    That even if she needed new clothes and maybe wasn't interested in putting it on the Palin family MasterCard, it was a good idea to drop this big a bundle on Mrs. Non-elitist Hockey Mom -- even assuming this is a legitimate use of campaign funds? Hint: Macy's has some handy 20-percent-off coupons. Hey, there's a giant outlet mall in Virginia that has some great buys -- and it's in a swing state!

    That it's a good idea, when the shopping spree turns up on the campaign reports, to say: "The campaign does not comment on strategic decisions regarding how financial resources available to the campaign are spent"? Strategic decisions -- like what, St. John vs. Dior?

    The later explanation -- "It was always the intent that the clothing go to a charitable purpose after the campaign" -- reminded me of the Reagan White House scrambling to explain Nancy's "borrowed" designer clothes.

    For all that maverick reformer talk, Palin seems to have a problem with the walk part. The Associated Press reported Tuesday on Palin's habit of inviting her kids along on expensive official trips -- and billing the state.

    "In October 2007, Palin brought daughter Bristol along on a trip to New York for a women's leadership conference," AP reported. "Plane tickets from Anchorage to La Guardia Airport for $1,385.11 were billed to the state, records show, and mother and daughter shared a room for four nights at the $707.29-per-night Essex House hotel, which overlooks Central Park."

    Given their governor's taste in clothes, I guess Alaska taxpayers should be relieved Palin was frugal enough to share the room.

    All of which leads to an update of the governor's famous convention quip. What's the difference between Sarah Palin and a pit bull?

    Lipstick and $150,000 worth of designer clothes.

    Ruth Marcus is a columnist for the Washington Post; marcusr@washpost.com. Copyright 2008, Washington Post Writers Group
    October 21

    The White Tiger exposes too much of India, finally !

     
    I picked up this book yesterday (ofcourse after I heard about te Booker) after checking out 2 borders in Newark airport day before and finally finding it in Powell Bookstore at Portland. It's a really quick read, grasps you till the very end.. I finished it on my 5.5 hour flight to honolulu from Portland. It has the right amount of sarcasm and cynicism that totally exposes the culture of Servitude in India, the concept of the Rooster Coup is really well explained and very apt to the Indian culture. In a way its so universal it doesnt just have to be India, this could be anywhere.
     
     
     
    Some more details:
     
    About the author:

    Aravind Adiga was born in India in 1974 and raised partly in Australia. He attended Columbia and Oxford universities. A former correspondent for Time magazine, he has also been published in the Financial Times. He lives in Mumbai, India.

    Synopsis:

    Description

    Introducing a major literary talent, The White Tiger offers a story of coruscating wit, blistering suspense, and questionable morality, told by the most volatile, captivating, and utterly inimitable narrator that this millennium has yet seen.

    Balram Halwai is a complicated man. Servant. Philosopher. Entrepreneur. Murderer. Over the course of seven nights, by the scattered light of a preposterous chandelier, Balram tells us the terrible and transfixing story of how he came to be a success in life -- having nothing but his own wits to help him along.

    Born in the dark heart of India, Balram gets a break when he is hired as a driver for his village's wealthiest man, two house Pomeranians (Puddles and Cuddles), and the rich man's (very unlucky) son. From behind the wheel of their Honda City car, Balram's new world is a revelation. While his peers flip through the pages of Murder Weekly ("Love -- Rape -- Revenge!"), barter for girls, drink liquor (Thunderbolt), and perpetuate the Great Rooster Coop of Indian society, Balram watches his employers bribe foreign ministers for tax breaks, barter for girls, drink liquor (single-malt whiskey), and play their own role in the Rooster Coop. Balram learns how to siphon gas, deal with corrupt mechanics, and refill and resell Johnnie Walker Black Label bottles (all but one). He also finds a way out of the Coop that no one else inside it can perceive.

    Balram's eyes penetrate India as few outsiders can: the cockroaches and the call centers; the prostitutes and the worshippers; the ancient and Internet cultures; the water buffalo and, trapped in so many kinds of cages that escape is (almost) impossible, the white tiger. And with a charisma as undeniable as it is unexpected, Balram teaches us that religion doesn't create virtue, and money doesn't solve every problem -- but decency can still be found in a corrupt world, and you can get what you want out of life if you eavesdrop on the right conversations.

    Sold in sixteen countries around the world, The White Tiger recalls The Death of Vishnu and Bangkok 8 in ambition, scope, and narrative genius, with a mischief and personality all its own. Amoral, irreverent, deeply endearing, and utterly contemporary, this novel is an international publishing sensation -- and a startling, provocative debut.

    Find out more: Read an excerpt

    Articles:

    Indians fear Aravind Adiga's 'The White Tiger' says too much about ...
    Telegraph.co.uk, United Kingdom - Oct 18, 2008
    Aravind Adiga's The White Tiger was praised for highlighting the injustices and poverty present in the rapidly changing India when it won the Man Booker ...
     
    Economic Fiction
    Wall Street Journal - 19 hours ago
    This year's winner is Aravind Adiga's "The White Tiger," a novel set in contemporary India. Mr. Adiga spins a tale of an ordinary car driver who yearns to ...
     
    What the world is reading about...
    Indian Express, India - Oct 19, 2008
    Aravind Adiga discusses with columnist Boyd Tonkins the social and economic scene in India and how his protagonist Balram Halwai, ...
    SUBVERSE: A shadowy beast
    Times of India, India - Oct 19, 2008
    Aravind Adiga's debut novel, 'The White Tiger', defying the built-in temptation to go for the 'big' book, has won the Man Booker prize. ...
    India needs to deal with inequality: Adiga
    Hindu, India - Oct 19, 2008
    London (PTI): Aravind Adiga, winner of this year's Man Booker prize for his debut novel "The White Tiger", says India needs to deal with issues of ...
    The Alleged Booker Prize
    Outlook (subscription), India - Oct 18, 2008
    But Aravind Adiga's The White Tiger was never a book Indians wanted to read, and even with the much-coveted stamp of approval from abroad, it's hard telling ...
    Alone in duskland
    India Today, India - Oct 18, 2008
    This year's winner of the Man Booker Prize, Aravind Adiga's first novel, The White Tiger (published in India by HarperCollins and first featured in these ...

    Reservations: Finding a solution for disadvantaged classes in India

    Very interesting article by Narayana Murthy in India today regarding a program that he helped implement which works better than the current reservation system to help the SC, ST in India without reservations in private sector.

     

    Caste away

    India Today

    September 25, 2008


    GREAT IDEAS, GREAT MINDS—STATE ACCOUNTABILITY

    N.R. Narayana Murthy

    It was sometime in the first week of March 2006 that Meira Kumar, the Union Minister for Social Justice, called me to Delhi for a meeting. She was meeting various business people seeking support for legislation on reservation of jobs in the private sector for the Scheduled Castes (SC) and Scheduled Tribes (ST).

    In a soft, gentle, yet firm manner, she told me she was determined to ensure justice to the much neglected SC and ST youngsters in the country, and that she was keen to move a statute for reservation of jobs for them in the private sector in Parliament.

    She expected the industry to support her. I was equally courteous and firm in my reply. I agreed with her that enormous harm and injustice has been done to the SC and ST youngsters in the country for over 4,000 years.

    I told her, however, that the solution to the problem did not lie in reservation of jobs in the private sector. I ended the conversation saying that I was enthusiastic about finding a solution to this problem and I would think for a few days, and get back to her with my solution to this important national issue.

    I came back to Bangalore, spent a few days thinking how the IT industry and Infosys could demonstrate their commitment to providing opportunities for such students.

    I wanted a scheme that did not diminish the confidence of these youngsters in this highly-competitive industry, while ensuring fairness to the companies whose revenues came primarily from developed countries and whose customers did not appreciate the social problems of our country.

    I have always believed that aspiration, hard work, discipline and commitment can make any person, from any social background, succeed, as long as society provides an opportunity to him to demonstrate these values.

    I realised that the best way to demonstrate that our underprivileged are as good as anybody else was to create a Special Training Programme (STP) to train 100 such students and show that they would get software engineering jobs in major software companies through the same selection procedure as is used by these corporates at campus recruitments.

    More...

    Marriage of convenience for Kingfisher and Jet

    Monopoly of airlines... starts here!
     

    Two of India’s biggest airlines have announced plans for an alliance. Jet Airways and Kingfisher Airlines, which have about 60% of the Indian aviation market between them, will not exchange any equity, but will seek other synergies:

    The scope of the alliance includes cross utilisation of crew, cross-selling of flights, common ground handling, joint fuel management to reduce fuel expenses, code sharing on both domestic and international flights and to leverage joint network deploying 189 aircraft of the two airlines.

    This is good news for the companies' frequent flyers, who will be able to use their points on both airlines' routes, although some experts have warned of fare hikes. But, unsurprisingly, the alliance bodes less well for the companies' 19,000-strong workforce, especially those working in ground handling. The chairmen of Jet and Kingfisher, Naresh Goyal and Vijay Mallya, both spoke in glowing terms of the cost savings the new relationship would bring.

    Mr Goyal said the deal was a response to India's changing economic climate. “India has witnessed tremendous growth in the past which has slowed down considerably," he said. "In this environment the Jet Airways–Kingfisher alliance represents a completely new industrial model for aviation in India which would be based on an unprecedented depth of co-operation between the two companies. There will be huge cost savings and revenue enhancement opportunities arising from this alliance.”

    More...

    October 19

    Bollywood to bring credit crisis to big screen

    Puneet sent me this from Bloomberg yesterday, so who's going to pay for this?
     

    By Rina Chandran

    MUMBAI (Reuters) - The global credit crisis has found echoes in an unlikely quarter, India's Bollywood, known more for its love of lavish musicals and racy thrillers.

    The crisis, that has inspired "credit crunch" chocolate bars and "meltdown" parties in the West, is reflected in a new Hindi film "EMI," or Equated Monthly Installments, by debutant writer-director Saurabh Kabra. It is set for release later this month.

    EMI is an acronym that millions of middle-class Indians are familiar with, as it allowed them to buy everything from washing machines to fancy cars, homes and vacations at a time when banks were eager to lend and credit was cheap.

    But as interest rates rose -- with the central bank raising key interest rates by 125 basis points in 2008 alone -- borrowers baulked and banks began to tighten the leash on lending.

    "EMI," which stars actors Sanjay Dutt, Urmila Matondkar and Arjun Rampal, is a tale of the lives of disparate characters who live off credit cards and personal loans, and a recovery agent who makes them realize the folly of their ways.

    "The movie is really about ordinary, middle-class people who get caught in an endless cycle of loans and credit cards," said Gayatri Singh, creative head for distributor Sahara One Motion Pictures.

    The characters include a DJ who defaults on more than a dozen credit cards to impress his girlfriends, a man who takes a loan to send his son abroad to study and a socialite who charges her indulgences to her credit cards.

    Sattar Bhai, the recovery agent who chases down defaulters, is "soft-hearted," Singh says, in contrast to agents who have come under fire in India for being aggressive and using force.

    Credit card use is still low, but expanding at a fast pace in the country and Indians, traditionally credit-averse, are embracing their use more easily.

    The film also comes on the heels of a mass suicide by a family of four in Mumbai, India's financial hub, who reportedly killed themselves over mounting debts on dozens of credit cards.

    "We wanted to keep it light and release it in time for the festival season when everyone is buying things, to remind people they should be careful about extending themselves," Singh said.

    More...

    October 12

    Willamette Valley

    I am in portland this week for go live support of a 400 bed hospital and they asked us to come a day earlier for training. When we get here, they have decided to cancel all the training so we had a free day. The plan was to drive around to as many wineries and drink as much pinot as we can. The valley is beautiful, here's the list of places we visited and the wines we tasted:
     
     
    1. Willamette Valley Vineyards
    2006 Pinot Noir
    2007 Pinot Noir
    2006 Reisling
     
    2. Orchard Hills
    Dry Estate Gewertziminer
    Sweet Gewertz
    2008 Pinot Noir
     
    3. Cubanisimo
    Rosado
    2007 Pinot Gris
    2006 Pinot Noir
     
    4. Youngberg
    2006 Pinot Noir - Natasha
    2006 Pinot Noir - Jordan
    2007 Pinot Noir - Barrel Select
    2006 Pinot Gris
     
    5. Dundee Hills
    Rosado
    Pinot Gris
    2006 Pinot Noir
    Flagship Pinot Noir
     
    October 09

    The President of India DR. A. P. J. Abdul Kalam 's Speech in Hyderabad ..

    Another interesting piece!  
    ------------------------
     
    Why is the media here so negative?
    Why are we in India so embarrassed to recognize our own strengths, ourAchievements? We are such a great nation. We have so many amazing success stories but we refuse to acknowledge them.
    Why?
    We are the first in milk production.
    We are number one in Remote sensing satellites.
    We are the second largest producer of wheat.
    We are the second largest producer of rice.
    Look at Dr. Sudarshan , he has transferred the tribal village into a Self-sustaining, self-driving unit.
    There are millions of such achievements
     
    But our media is only obsessed in the bad news and failures and disasters. I Was in Tel Aviv once and I was reading the Israeli newspaper. It was the Day After a lot of attacks and bombardments and deaths had taken place. The Hamas had struck. But the front page of the newspaper had the picture of a Jewish gentleman who in five years had transformed his desert into an orchid And a granary.   It was this inspiring picture that everyone woke up to.
     
    The Gory details of killings, bombardments, deaths, were inside in the Newspaper, buried among other news.In India we only read about death, sickness, terrorism, crime. Why are we so NEGATIVE?
     
    Another question: Why are we, as a nation so obsessed with foreign Things? We want foreign T. Vs, we want foreign shirts. We want foreign Technology.Why this obsession with everything imported. Do we not realize that Self-respect comes with self-reliance? I was in Hyderabad giving this Lecture,When a 14 year old girl asked me for my autograph. I asked her what her goal In life is. She replied: I want to live in a developed India .  
     
    For her, You and I will have to build this developed India . You must proclaim. IndiaIs not an under-developed nation; it is a highly developed   nation. Do youHave 10 minutes? Allow me to come back with a vengeance.
    Got 10 minutes for your country? If yes, then read; otherwise, choice is Yours.
    YOU say that our government is inefficient.YOU say that our laws are too old.YOU say that the municipality does not pick up the garbage.
    YOU say that the phones don't work, the railways are a joke,The airline is the worst in the world, mails never reach their destination.
    YOU say that our country has been fed to the dogs and is the absolute pits.
    YOU say, say and say. What do YOU do about it?
     
    Take a person on his way to Singapore . Give him a name - YOURS. Give him aFace - YOURS. YOU walk out of the airport and you are at your International Best. In Singapore you don't throw cigarette butts on the roads or eat in The stores. YOU are as proud of their Underground links as they are. You pay$5 (approx. Rs. 60) to drive through Orchard Road (equivalent of MahimCauseway or Pedder Road) between 5 PM and 8 PM. YOU come back to the parking Lot to punch your parking ticket if you have over stayed in a restaurant orA shopping mall irrespective of your status identity... In Singapore you Don't say anything, DO YOU?
     
    YOU wouldn't dare to eat in public during Ramadan, in Dubai . YOU would not dare to go out without your head coveredIn Jeddah . YOU would not dare to buy an employee of the telephone exchange In London at 10 pounds ( Rs.650) a month to, 'see to it that my STD and ISD Calls are billed to someone else.'
     
    YOU would not dare to speed beyond 55 mph(88 km/h) in Washington and then tell the traffic cop,'Jaanta hai main kaun hoon (Do you know who I am?). I am so and so's son.Take your two bucks and get lost.'
     
    YOU wouldn't chuck an empty coconut shell Anywhere other than the garbage pail on the beaches in Australia and NewZealand .
     
    Why don't YOU spit Paan on the streets of Tokyo ? Why don't YOU use Examination jockeys or buy fake certificates in Boston ???
     
    We are still Talking of the same YOU.
     
    YOU who can respect and conform to a foreign systemIn other countries but cannot in your own. You who will throw papers and cigarettes on the road the moment you touch Indian ground. If you can be an involved and appreciative citizen in an alien country, why cannot you be the same here in India ?
     
    Once in an interview, the famous Ex-municipal commissioner of Bombay , Mr.Tinaikar , had a point to make. 'Rich people's dogs are walked on the streets to leave their affluent droppings all over the place,' he said.'Andthen the same people turn around to criticize and blame the authorities for inefficiency and dirty pavements. What do they expect the officers to do? Go down with a broom every time their dog feels the pressure in his bowels?In America every dog owner has to clean up after his pet has done the job.Same in Japan . Will the Indian citizen do that here?'
     
    He's right. We go tothe polls to choose a government and after that forfeit all responsibility.We sit back wanting to be pampered and expect the government to do everything for us whilst our contribution is totally negative. We expect the government to clean up but we are not going to stop chucking garbage all over the place nor are we going to stop to pick a up a stray piece of paperand throw it in the bin. We expect the railways to provide clean bathrooms but we are not going to learn the proper use of bathrooms.We want Indian Airlines and Air India to provide the best of food andtoiletries but we are not going to stop pilfering at the least opportunity.
    This applies even to the staff who is known not to pass on the service tothe public. When it comes to burning social issues like those related to women, dowry, girl child! and others, we make loud drawing roomprotestations and continue to do the reverse at home.
     
    Our excuse? 'It's the whole system which has to change, how will it matter if I alone forego my sons' rights to a dowry.' So who's going to change the system? What does a system consist of ? Very conveniently for us it consists of our neighbours, other households, other cities, other communities and the government. But definitely not me and YOU.
     
    When it comes to us actually making a positive contribution to the system we lock ourselves along with our families into a safe cocoon and look into the distance at countries faraway and wait for a Mr.Clean to come along & work miracles for us with amajestic sweep of his hand or we leave the country and run away.
    Like lazy cowards hounded by our fears we run to America to bask in their glory and praise their system. When New York becomes insecure we run to England . When England experiences unemployment, we take the next flight out to the Gulf. When the Gulf is war struck, we demand to be rescued andbrought home by the Indian government. Everybody is out to abuse and rapethe country. Nobody thinks of feeding the system.
     
    Our conscience is mortgaged to money.
     
    Dear Indians, The article is highly thought inductive, calls for a great deal of introspection and pricks one's conscience too.... I am echoing J.F.Kennedy 's words to his fellow Americans to relate to Indians.....
    'ASK WHAT WE CAN DO FOR INDIA AND DO WHAT HAS TO BE DONE TO MAKE INDIA WHAT AMERICA AND OTHER WESTERN COUNTRIES ARE TODAY'
     
    Lets do what India needs from us.

    Interview with Vikram Akula in India Abroad

    This is an article none of us, Indian Americans or Indians in India, keen to remove poverty in the country, can afford to miss.
    It’s inspiring!
     

    INDIA ABROAD, September 12, 2008, Pages A 22-23
    VIKRAM AKULA: THE MICROFINANCE ENTREPRENUER SPEAKS TO ARTHUR J. PAIS
     
    Social entrepreneurship without business acumen and accountability cannot succeed -- or such is the belief underlying all that Vikram Akula does.
    Akula, 39, is founder of the 10-year-old SKS Microfinance, which offers micro loans and insurance to poor women in many rural pockets in India. The microfinance champion lives in Chicago, and holds a Master’s from Yale in international relations, and a Ph.D. from the University of Chicago, where his dissertation focused on the function of microfinance organizations.
     
    Akula has been using smart cards to make loans available and retrieve them from a customer base of over 2 million people in rural India. The typical loan that the $250 million company gives out is $120. Smart cards are used to keep track of these loans and the progress of repayments. The company has 99 percent repayment rate.
     
    In rating Akula as one of the ’people who shape our world’ in 2006, Time magazine celebrated one of the fastest growing microlenders in the world, which grew by about 200% last year. In that period, this company has given microloans worth over $52 million to over 200,000 clients in some of the poorest regions of India.
    He joins the likes of former President Bill Clinton and Microsoft Chairman Bill Gates and his wife, Melinda, on the list. The only other person of Indian origin to make the list is Infosys co-founder Nandan Nilekani.
     
    Q. Tell us what SKS does?
     
    A. We have provided over $831 million since we started operations a decade ago, to 2,676,025 women in the poorest regions in 16 states across India. Borrowers take loans for a range of income-generating activities including livestock, agriculture, trade such as vegetable vending, production ranging from basket weaving to pottery and new age businesses from beauty parlors to photography. SKS also offers interest-free loans for emergencies as well as life insurance to its members. It’s NGO wing, the SKS Foundation, runs the Ultra Poor Program.
     
    SKS currently has 1,166 microfinance branches in 16 states across India. We are a leader in technological innovation and operational excellence. SKS is excited about setting the course for the industry over the next five years. We are striving to reach our goal of 8,000,000 members by 2010.
     
    Q. What makes your company different from other money lending agencies? Critics say you charge 25% interest.
     
    A. Politicians in particular are sensitive to the 25% interest. Though they know the reality, it is not politically correct for them to accept our concept. Traditional money lenders know that we charge far less than what they do and they hate us. The 25% includes service charge. We go door-to-door in the remotest parts of the rural pockets. There are social welfare agencies who give loans for less than 10% in some cases, but will they be effective in the long run as we are? Our customers do not spend days taking a bus to the district headquarters and wait there for the loans, and in the process lose several days of wages. Do they have to pay bribes and deal with bureaucrats at every level to get a loan of $100?
     
    In a recent article for the Harvard Business Review, I asked how many companies that say they protect the interests of their customers actually sit in the dirt with them, using stones, flowers, sticks and chalk powder to figure out if they will be able to repay a $20 loan at $1 a month. With this approach, and the use of modern technology, we have created our own loyal ’gang’ of over 2 million. We have a growth rate better than many highly successful American corporations, and I am never tired of pointing out that SKS is like any other healthy, high-growth business, except that our customers have almost no money til they borrow from us and start making a difference in their lives, by empowering themselves and creating better economic opportunities for themselves.
     
    Q. You have grown up in the US. How did you acclimatize to the Indian situation when you started SKS?
     
    A. There are two parts to getting acclimatized to the Indian situation. About ten years ago, one was the physical challenge of surviving in a remote rural area in the Telengana region of Andhra Pradesh: no working roads, no running water, no good phone lines, leave alone access to the Internet. But to me, those were not significant obstacles. I was so focused on the mission that the physical constraints were not much of a challenge to me. What was a challenge was the work culture and the way we were going to do business. I had raised money in the U.S. from friends and family. It was not a big amount, just about $20,000, but it was the beginning. I was not able to get permission from the Home Ministry [in India] to bring in the funds for a full nine months. In the West, we are used to a certain transparent process and things happening in a smooth way. The fact that the work culture was very slow -- that was the most difficult aspect of the challenges I faced in India.
     
    Q. Did these problems ever make you want to give up?
     
    A. I had been so frustrated at one point with the bureaucracy and not being able to bring money into India, that I actually drafted an editorial essay, and I was ready to pack my bags and return if the permission did not come in another 2 or 3 months. But thankfully, I did hear from the Home Ministry; so, I shelved that op-ed piece and never sent it for publication.
     
    I had worked in India prior to this, for about three years, in the early 1990s. I was born in Hyderabad and though I had spent more than two decades in America, I had roots in the state. My ideology in doing this work was to do it without using any connections, without giving bribes. A colleague of mine who was aware of my challenges and frustrations, and knew the Home Secretary at that time, intervened to help get me the permission. He did not tell me he was doing it, and there was no bribery or any other kind of favors involved, I learned later.
     
    Q. You must have faced problems on two fronts: the established moneylender and the Naxalites (Maoist rebels).
     
    A. Absolutely! We have faced problems from both fronts, and we continue doing so. When it comes to the money lenders, it is because we are doing something that upsets their control over poor people because they earn huge amounts of income from this. The moneylenders, typically, tend to be the landlords. In one instance in the Nizamabad district in Andhra Pradesh, Muslim moneylenders started spreading rumors about us, saying we are a Christian organization, we are going to convert them and we are trying to take money from them. There was even a fatwa on my head. The cleric said it was a sin to borrow from us.
    The moneylenders even tried to intimidate our staff; sometimes, on occasion, they have used physical violence. Even I have been attacked by thugs who have been directed by moneylenders to try to get us out of there.
     
    The key way we overcome the moneylenders is by staying firm to our principles. We realize that moneylenders are like anybody else: after a while they realize that no matter how much they try to intimidate you, you are not going to leave, they have got to live with you as opposed to trying to get rid of you. That’s how we have been able to deal with the moneylenders. With the Naxilites too, we have had a good deal of interaction. Telengana is not just the one region in India that is a hotbed of Naxalism -- we also have areas like Jharkand and pockets in Orissa where we have a lot of these political extremists.
     
    We used to have a dialogue with these extremists. Unfortunately, many of these extremists have become downgraded into extortionists; they are broke and are asking for money. Those who are asking for money, we treat them the same way that we would treat the moneylenders -- we hold onto our principles and we don’t accede to any of their demands. Once they realize that you are not going to give in to their extortion demands, they stop bothering you.
     
    The key to making this happen, you have to be ready to actually put your money where your mouth is, and be able to walk away before you give anybody a bribe. In one district, Nizamabad, the situation became so violent that these thugs were using machetes and broken bottles to attack our staff, and they wanted a very nominal bribe like Rs 2 lakh [about $4,500]. We refused to pay. When it got very violent, we decided to walk away even though that meant we had to abandon a $250,000 portfolio in that village. What this did is sent a signal to other districts that, no matter how much pressure we are put under, we are not willing to give up our principles.
    We are not willing to bribe.
     
    Q. What in your life prepared, even prompted, you to start something of this magnitude?
     
    A. My father, Akula Krishna, is a surgeon in New York, my mother, Akula Padma, is an accountant. We are a typical brain-drain family from India. I came here when I was three. For all practical purposes, I am an American who grew up in America. But one of the things my parents instilled in us was sensitivity to issues of poverty in India. So, when I was a child we used to make visits to India, once every 2-3 years, to spend summers. I was exposed at a very early age to the good aspects of India as well as its problems. My father, as a doctor, was very active in helping the local poor population in New York where we lived, with free medical service. So I think there was always a consciousness that this is something that one needs to do.
     
    For me, it was the India trips that were most significant. I observed the extreme poverty we have in our country, and then came back to an American suburb and observed the extreme wealth. For me, it was that juxtaposition that made me feel, even as a child, that there was something very wrong here.
     
    At a lavish wedding that I had attended in Hyderabad as a child, I was shocked to see poor young children going after the leaf plates of food that were thrown away. I began thinking of the injustices and inequities then, and continued for weeks. Later on, I was deeply inspired by the micro-financing work pioneered in 1976 by Muhammed Yunus, who founded the Grameen Bank and went on to win the Nobel Peace Prize. He is a personal hero of mine.
     
    Q. What did you do in India before you started SKS?
     
    A. This is an important question, because the idea of starting SKS came out of the frustration of working for an NGO in India as a loan officer. A woman from a village where the NGO -- it was called Deccan Development Society -- wasn’t available asked me if we could offer her a loan. But DDS did not have the resources to go beyond its targets, and even if it had the money, it was not sure if it could expand rapidly to other villages and regions.
     
    I realized then that India needed a micro-finance company that would take decisions quite fast and use management techniques to be efficient. Much more than anything else, what motivated me to start SKS was the question that the woman who was refused a loan asked me: ’Am I not poor too? Do I not deserve a chance to get my family out of poverty?’
     
    Q. Between that inspiration and the actual founding, what did you have to do?
     
    A. I had no money of my own and I went around establishing a non-profit from the money donated from friends and family members. I was also aware right from the start that we could not remain a non-profit organization. If we wanted to expand across the country, and that meant an ultra-efficient organization that offered the investors good returns. I convinced investors by insisting that there was an entrenpreneurial spirit among the poor in India. You invest in us, I told prospective investors, and we invest in them -- and fortunes will come to both of us.
     
    Some NGOs offer microcredit as one slice amongst a host of non-financial development activities. SKS focuses solely on microfinance to develop the most efficient and effective mechanisms to deliver finance to the poor. As soon as SKS broke even, I began successfully tapping organizations such as UnitUs, a Seattle-based NGO that invests in microfinance, and Silicon Valley entrepreneurs such as Vinod Khosla.
     
    Q. What have been your business models?
     
    A. Though I have been quoted as saying that it is Starbucks and its rapid expansion plans, I must also say that I learned from many successful corporations that are efficiently run. We also decided against the standard practice of elaborate bookkeeping and digitalized the process. The software we use does not intimidate our loan officers at all. The system is also connected to the Internet, and we get the summary data from the loan officers within hours.
     
    At the same time, we use unorthodox methods to learn from our customers what their needs are. In fact, we use unorthodox methods even to find out our potential customers. We get the villagers to use colored chalk powders and flowers to tell us where the poorest people live and what kind of products they need and where the loan sharks were most powerful. I travel a lot in the interiors, and though I grew up with basic Telugu while I was in America, now I am fluent in the language. I eat at the roadside diners and talk informally with the potential customers. In the last few years, we enrolled each month over 500 loan officers, but I never let a week go without doing my own work, forging bonds with the villagers. We have also been careful in not connecting the salaries of loan officers to the size of their loan portfolios or the repayment rates. We consistently tell our loan officers to not lend a borrower more than she needs. This approach relieves them from pressure and they in turn will not go around putting pressure on the villagers to borrow. This approach has created a highly motivated group of loan officers. They brave all seasons; they brave the politicians and the cynics; they travel to the nooks and corners of the villages. In many instances, they are in a village before 7:00 am so that they can talk to the women before they go to work.
     
    We also give loans only to women because various studies have shown how women handle their responsibilities more seriously than their male counterparts. Some of the women entrepreneurs have gone on to become loan officers while continuing to run their businesses.
     
    Q. In your travels, you must have come across examples of people whose lives have been changed thanks to microfinance?
     
    A. There are many success stories and some of them are listed on our website sksindia.com. There is the story about Suvarna, who loved attending school but, due to the financial burden of school fees, stopped her studies in sixth grade and married one Narayana. The couple struggled to earn enough to support themselves and their daughters. Suvarna stitched clothes and earned $0.93 per day, that too on days that she had customers. Her husband operated an unsuccessful grocery store that
    provided them less than $0.45 per day.
     
    Six years ago, Suvarna joined SKS. She did not want her younger daughter’s life to follow the same path as her life; her older daughter had not completed school and had gotten married at a young age. Suvarna invested her first loan of $163 in the family grocery store by purchasing new stock. With a second loan of $70, she and her husband were able to diversify their stock and increase their profits. Soon they bought a refrigerator to store soft drinks. This made their store very popular among villagers. Suvarna continued to take out more loans to expand their business, and they now have one of the most successful businesses in her village. The couple has invested a large portion of the profits in their youngest daughter’s education. She is now studying in seventh grade and Suvarna’s hope is that she continues to study and becomes an engineer.
     
    Such success stories spreadfast, and success breeds success. Apart from giving out unsecured loans, we also offer insurance products to over 2 million people in over 30,000 villages. We have been adding 50 branches and thousands of new customers every month. We have set a big target -- 8 million clients by the end of the year 2010. I think this is certainly feasible.
     
    Q. You have said that you have been influenced by the rapid expansion models of American companies. Who else has influenced you?
     
    A. I have a deep interest in philosophy, which I studied as part of my Ph.D. program. I have always believed, as Socrates said, that an unexamined life is not worth living. From Aristotle to Socrates to Gandhi, I have been influenced by many thinkers and agents of social change. I have read extensively about Gandhi’s work in South Africa and how he found the weapon of Satyagraha to bring about the social change. I have learned from Gandhi to stay focused and continue the journey despite opposition and cynicism.
    ____________________________________________________________
    October 07

    Mail Goggles

    This is something I am sure will help me a lot, now i wish I could use gmail for work emails rather than stupid lotus notes!!!
     

    New in Labs: Stop sending mail you later regret

    Monday, October 06, 2008 6:25 PM

    Posted by Jon Perlow, Gmail engineer

    Sometimes I send messages I shouldn't send. Like the time I told that girl I had a crush on her over text message. Or the time I sent that late night email to my ex-girlfriend that we should get back together. Gmail can't always prevent you from sending messages you might later regret, but today we're launching a new Labs feature I wrote called Mail Goggles which may help.

    When you enable Mail Goggles, it will check that you're really sure you want to send that late night Friday email. And what better way to check than by making you solve a few simple math problems after you click send to verify you're in the right state of mind?


    By default, Mail Goggles is only active late night on the weekend as that is the time you're most likely to need it. Once enabled, you can adjust when it's active in the General settings.


    Hopefully Mail Goggles will prevent many of you out there from sending messages you wish you hadn't. Like that late night memo -- I mean mission statement -- to the entire firm.
    October 05

    Non Stop Movie Watching World Record set by Indian Boy

    Ashish Sharma of Mathura, India on Monday broke the world record for watching films non-stop. He watched films continuously for more than 120 hours, breaking the previous record of 117 hours that was held by Claudia Wavra of Germany.
    Ashish watched over 48 Hindi films in 120 hours. Ashish Sharma of Mathura on Monday broke the world record for watching films nonstop.
     
    Thats 5 days of watching TV, WTF!!! does his mom not yell at him, my mom would have killed me....
     

    Allah Made Me Funn: Live in Concert

    This has got some good reviews by margaret cho and Russell Peters, 2 of my favorite comedians... I'll probably catch the DVD since its not going to show in Hawaii, that i am sure of..
     
    "It's a fresh, funny show with enormous global potential... 'Allah Made Me Funny' is an idea whose time has come." - Russell Peters
    Insightful, empowering and hilarious!" - Margaret Cho
    "Forget the fabricated fear factor and see Muslims for what they really are--a diverse range of normal people... So put aside your duct tape and let the laughter in!" - Riz Khan, Al Jazeera
     
    The Chicago Tribune says the film "seeks to calm xenophobic concerns by showing that the issues and family foibles of Muslims are the same as anyone's," and says it's "reasonably successful" in its mission.
     
    More on Saja Feed.

    Pakistan's president on terrorism, India and his late wife

    Pakistan is in a really bad shape. It just cannot survive without large-scale infusion of aid from the rest of the world.
     
    The following Zardari interview with The Wall Street Journal suggests that Pakistan’s relations with India may well undergo a sea change (for the better).
     
    EXCERPTS:
     
    >>When I ask whether he would consider a free-trade agreement with traditional archenemy India, Mr. Zardari responds with a string of welcome, perhaps even historic, surprises. "India has never been a threat to Pakistan," he says, adding that "I, for one, and our democratic government is not scared of Indian influence abroad." He speaks of the militant Islamic groups operating in Kashmir as "terrorists" -- former President Musharraf would more likely have called them "freedom fighters" -- and allows that he has no objection to the India-U.S. nuclear cooperation pact, so long as Pakistan is treated "at par." "Why would we begrudge the largest democracy in the world getting friendly with one of the oldest democracies in the world?"
     
    >>Not only does Mr. Zardari want better ties with Delhi, he notes that "there is no other economic survival for nations like us. We have to trade with our neighbors first." He imagines Pakistani cement factories being constructed to provide for India’s huge infrastructure needs, Pakistani textile mills meeting Indian demand for blue jeans, Pakistani ports being used to relieve the congestion at Indian ones. For a country that spent most of its existence trying to show that it’s the military equal of its neighbor, the agenda amounts to a remarkable recognition of the strides India has made in becoming a true world power.<<

    India kicks Butt!

    wohhoooo!
     
    Now only if Hawaii did it.. waikiki is such a smoker's club..
     
    Smokers in India are going to find it hard to smoke in public places. The world's largest democracy has imposed a ban on smoking at public places with a fine of Rs. 200 (approx. $5) for people who defy the rule.

    India's health minister Anbumani Ramadoss said the decision would help protect passive smokers from the effects of tobacco. According to the BBC, tobacco smoking kills 900,00 people annually in India.
    From the BBC:
    "From 2 October India is going to go smoke-free in all public places," Mr Ramadoss said.
    "The aim is to discourage the smokers, to make them quit or reduce smoking. Also all non-smoking employees have a right to a 100% smoke-free atmosphere.
    "The perils of passive smoking are equally bad."
    It's not only people following the new rule; the tobacco industry is following it too. According to The Economic Times, companies like ITC and Godfrey Phillips India have put up ‘nosmoking’ boards across all their offices, removed ash trays and sent notifications to every employee that the no-smoking ban is here to stay.
    However, chewing tobacco and bidis, a traditional form of cigarettes, do not come under the ban.