Threshold 2014- Stepping in terpidation

The weather  in the Capital at the threshold of a new year,is reflective of the state of the nation's economy,uncomfortably cold. The employment scenario is still keeping us away from a technical stagflation,even as the other two criteria, slow growth and  rapidly rising consumer prices are attempting to push us into one.A sub 5 % GDP ,with WPI  peaking to 7.52 % and CPI to 11.24 % and  record low of the rupee in 2013,can perhaps help to show 2014 in some better light.That said the monetary policy continues to be wielded to fight inflation at the cost of growth.More worrying  should be the changing political dispensation that  is patently averse to fiscal conservatism .Delhi  has just led the way with  "  utility empowerment "  and  the Centre likewise  going soft yesterday on gas cylinder subsidy. The MSP on grains is already at record levels and the States do so on cane procurement. Inclusive social schemes that do not raise productivity has been a bane for quite a while.In the face of all this the fiscal deficit will be adrift .Crude prices that are benign today may not be so down the road. The resultant spike in Inflation  will put growth recovery in greater straits to tweak the  CAD and a plunge of the rupee.Till the 2014 elections the nation is destined to travel its perilous economic path. What results the elections throw up is another saga in itself
ET Jan 1 http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=ETNEW&BaseHref=ETM/2014/01/01&PageLabel=12&EntityId=A
FE Jan 2
http://epaper.financialexpress.com/207112/Indian-Express/02-January-2014#page/6/3

Of egos and alter-egos

 Blogs did not shape the destiny of AAP or its leader.Anna's year of glory was not heralded by his blogs.Of late front end political leaders are increasingly taking recourse to being seen through their alter-ego that pens  erudite blogs to avoid being seen in public voicing issues  that have  strong political undercurrents ,an Agony Aunt coloumn of sorts !.

      In the adjacent apartment in Kaushambi, there are no police cordons as hitherto, escorting VIPs and their egos into the CM's house with the Aam Admi  imperiously held at bay as in the days of the Raj, then and now. In fact no VIP  wants to be spotted in the vicinity. If there is an ego that is palpable,it is seen on the faces of a milling  hoi-polloi at the gate, that joyfully claims credit for anointing its man.An ego that so far had been  the prerogative of the elect, is now appropriated by the elector and perhaps rightfully so.

A politician's blog

.Of late Blogs have  turned into notes to the Agony Aunt.Modi's musings stops far short of even a leader's genuine introspection, let alone the angst of a politician.So long there was no Kejriwal on the Indian political scene such blogs might have passed muster.A tone of plain speak has now been set in public discourse and any politician of substance is expected to enunciate his views in simple, if unpalatable terms. Blogs did not shape the destiny of AAP or its leader.Anna's year of glory was not heralded by blogs.If Modi or for that matter any other  leader  wishes to bare himself he should have faith both in himself and  the people, to do so in public meetings.There are many such occasions ahead till 2014 and one would expect  front end political leaders to desist from taking recourse to being seen through their alter-ego that pens  blogs,  pristine and erudite as a salve for an immediate ill or a political end.

Published Mail Today Dec 30

http://epaper.mailtoday.in/epaperhome.aspx?issue=30122013

Global trade ,the measure of universal growth

In the recent WTO meet at Bali ,we   " won ' a reprieve of  four years during which countries like India will not be sued under the WTO rules for breaching the food subsidy limit.From the GATT era of battling tariff barriers in International Trade,the universal perception across trading nations has remained strait jacketed. Post  2008 global downturn ,disagreements still continue in the WTO,over several key areas including agriculture subsidies .The developed countries give $400 billion of subsidies every year to farmers but are still considered compliant with WTO rules because they opt for income support to their farmers instead of providing subsidies like India.In these skirmishes the larger battle for expanded wold trade is lost. Trade has sadly not received the seriousness it increasingly deserves, though   global  economic adversity is rewriting our economic expertise  in the realm of monetary and fiscal policies. While individual nations would gladly tap into the advantages provided by  globalisation ,they show reluctance to share common problems of a unified economy.Global trade has steadily weakened,  almost  stagnant in the last six months.  In good times, the trade generated by a country’s growth bolsters global growth. But, in times of crisis, the trade spillovers have the opposite effect. Considered not as worrisome as  financial disruptions, trade imbalances do profoundly influence global growth prospects. We ought to realise  that policy errors and delays, both  in collective fora and  individual countries,   cause substantive  setbacks  to every economy. As growths decline it is  followed by a decline in trade  thus  setting up a vicious cycle that skews progressive  discussions in trade fora,that sees deterrence as an operative part of trade  regulation.  To the extent that it could find some minimal agreement , Bali has not been a disappointment .The next Doha round  must bring in positive  fillip to the larger cause of a stepped up  global trade.
   ( Published Fin .Express Dec 27 )
http://epaper.financialexpress.com/204079/Indian-Express/27-December-2013#page/6/3

Privileged Profligacy

Polls are won on emotive bread and butter issues in urban megaliths ,as is the case of Delhi.This time it was on the promises of heavy undercutting of electricity charges and on supply of minimum assured free water to a city that has no sources of its own with its one life line Yamuna serving  more as a  drain than a fresh water medium. If the former is predicated on a possible fiscal misadventure, the later is on a growing curse of nature on tis entire region and its neighbour hood, for which there are no plans either by the Capital city or by  the Centre.Add to this the pains of heavy urbanisation.The population density in the emerging city-hubs force a vertical mode of living that  geometrically  pushes  up costs ;land, water and sewerage, transport logistics ,health and hygiene.Cost of running a city can not be left to the largess of a benign government of the day ,that would itself, in time. go under debt.
Civic bodies must learn to be self-sufficient.Cost of maintaining civic
services/ utilities in most municipalities are not matched by civic revenue and in cases like Mumbai despite an ample  treasury , professional management is wanting  as does accountability.The great city of Detroit that had the highest per capita income in the US  went bankrupt on fiscal profligacy.If civic services and utilities are to be subsidised by state largesse as a principle of popular governance, Delhi too would go the way of Detroit.But being the nation's Capital with the Centre sanguinely expected to bridge the fiscal gap endlessly,  are we not perpetuating a  exclusive and elitist  dispensation of welfare of a privileged city at the larger cost of an entire nation.

      ( Published ET;Dec 26 )
http://epaper.timesofindia.com/Default/Client.asp?Daily=ETM&showST=true&Enter=true&Skin=ETNEW
http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=ETNEW&BaseHref=ETM/2013/12/26&PageLabel=1         (Published Deccan Herald :Dec 26 )
http://www.deccanheraldepaper.com/svww_zoomart.php?Artname=20131226aG010100004&ileft=239&itop=1134&zoomRatio=137&AN=20131226aG010100004
 ( Published in Pioneer Dec 28 )

Infy,due for vision upgrade

Fortunes of Indian IT industry today, are  linked to the ebb and tide  of a globalised economy.  That said, Infosys is beset with internal  problems.Clearly its top management is out of sync both amongst themselves  and the external environment. That Narayana Murthy has not been able to stem the elevated levels of senior staff attrition  points to the intensity of the problem .
       Infy the Brand had outgrown its current levels of  performance and  perhaps its vision is urgently due for an upgrade.  In the  decade after Murthy 's departure ,Infosys like other IT majors, has acquired more  evolved and innovative set of hands.Today's IT is not even about  tomorrow but the day after and beyond . The job profile of a CEO of Infy can only  fit a younger and energetic path finder  to enthuse and  pilot  these young men and women, through newer challenges even as  he keeps the company growth and profits, in sight.The ideal fit would be for  one who would  get the mix right, most of the  time.
      (Published BS Dec25 )
http://epaper.business-standard.com/bsepaper/svww_zoomart.php?Artname=20131225aT012101002&ileft=582&itop=1034&zoomRatio=146&AN=20131225aT012101002

AAP serves a stronger brew

.There is a basic difference in the Tea Party of the US and the Aam Admi movement in India.The former is driven by undiluted extreme right wing ethos and the latter more akin to rudimentary flavour of a French revolution against an entrenched power elite.So long we had an vociferous Left with reasonable clout, the common man's angst had been finding a regular outlet..But then three decades of indifferent governance by the CPI(M)  and a faltering economy had to find a renewed expression, set the stage for a political moulding of sorts.. Anna happened to stir the embers and AAP was able to reignite a dormant fire.The Tea party has a limited target of ending the Obama liberalism and would fade away once that is achieved one way or the other. The AAP is still less of a party than a movement. If other parties disregard its possible political import,the AAP will gather steam as a regular party for a long innings.

Mission impossible-May be not

The Congress VP is on a desperate mission of resurrecting his party fortunes. An economist PM heading the UPA-I had largely delivered .There were dissensions within but the need to prove a point to the ousted NDA  kept the egos in Congress in check. The  unexpected windfall of 206 seats for Congress in  2009 proved to be the end of these inhibitions within and it was every one to himself thereafter ,and that included the allies.The liberal and inclusive policies put in motion by the Congress had shut out the regular Left which was packed off into political hibernation.  Pranab Da was  not exactly a success as the FM and then,the scams going viral. That the  UPA-II  could last for two long years since late 2011,ought to be ranked as a political miracle that a coalition government alone can perform ,of course aided by a sulking BJP, itself in  disarray.It is because of all this that  Rahul Gandhi  does not need much nerve today on the threshold of national elections,to  castigate corruption !. That too when AAP is already center stage and thriving , on the issue. To cap all this the Congress goes to town  supporting the AAP government in Delhi. Rahul and his party may well hit it off ,given that  BJP  is left with the  singleton Modi card, that is not infallible to rapid paced changes in the national scene leading up to 2014 ,as also its own uncertain internal equations .
  (Published Fin Exp Dec 30 )
http://epaper.financialexpress.com/205522/Indian-Express/30-December-2013#page/6/3

AAP,a party run by Apps

 The AAP seems to have upended traditional politics in this country, perhaps for the better. Kejriwal is the political alter ego of Anna, born out of the same cauldron of change.Anna got his Lokpal in 46 years and AAP its mammoth foothold in 46 weeks,Test match and a T -20 if you like but cricket nevertheless. AAP is a product of the current generation that loves and lives by Apps on a 24/7 basis.No wonder the instant and  interactive feedback mode of operating a political outfit ,be it an entire ideology or a facet of it, a mini referendum of sorts on agenda / candidate selection or even in the realm of pure  realpolitik, is received with a pragmatism by the electorate that appalls the older and traditional votaries of politics hitherto in vogue. BJP / Congress and other old regional entities are now compelled to be more savvy in political technology !.They are anxious to be back to the door-to-door mode of customer sales. But the AAP is far ahead of them . They have already gained purchase both on the demographic dividend and a gamut of one-to-one Apps. In fact AAP itself was built that way.Such an universal model  stands to transcend application beyond Delhi.They have pioneered the seamless weld between the elector and the elected ,that ensures a mutually shared concern and onus.

   (  Published in ET Dec 20  )

There have been write ups in the print media on the debut  win of the AAP, as an object lesson  in marketing fit for the  B school curriculum.The euphoria notwithstanding , the crux of a successful manager finally lies in his ability to  spot business opportunities.The AAP, thrust into political adulthood overnight,must see an opening in learning the hands-on  administration of a small and uncomplicated City state. Another asset  is to possess the clarity of purpose. The AAP is  juggling with one too many priorities; should it be to serve Delhi now and hone its administrative and realpolitik skills on the go or should it  push its luck for larger seats in a re election. Then there is the ambition to  pursue  a pan-Indian footprint for which it needs time,money and men .By  overlooking an opportunity to govern Delhi now it may reignite its activism but perhaps at the cost of  ceding  valuable political  space.The third is,a clear understanding of your business. In  cinema, a star is born when a  hit is delivered. In politics, a win is needed to take the screen test itself .The casting is still far off.
http://www.thehindubusinessline.com/opinion/letters/just-another-party/article5470526.ece

The screen test

There have been write ups in the print media on the debut  win of the AAP, as an object lesson  in marketing for the  B school curriculum.The euphoria notwithstanding , the crux finally lies in the ability to  spot business opportunities.The AAP, thrust into political adulthood overnight,must see an opening in learning the hands-on  administration of a small and uncomplicated City state.The second area is clarity of purpose. The AAP is  juggling with one too many priorities; should it be to serve Delhi now and hone its administrative and realpolitik skills on the go or should it  push its luck for larger seats in a re election. Then there is the ambition to  pursue  a pan-Indian footprint for which it needs time,money and men .By  overlooking an opportunity to govern Delhi now it may reignite its activism but perhaps at the cost of  ceding  valuable political  space.The third is,a deep understanding of your business. In  cinema, a star is born when a super hit is delivered. . In politics, a win is needed to take the screen test itself .The casting is still far off.

Every activist can not be a politician but every politician needs to be an activist. Kejriwal chose  politics.When given a choice to form a minority government today in Delhi, AAP is perhaps diffident to take on the onus .It is seen as now seeking the familiar and cosy cover of activism to stay away from political toil..Here was an opportunity  before AAP to learn hands-on  administration of a small and uncomplicated City state  .The handsome gains of AAP could thus begin to sound hollow. The problem is that it is having one too many priorities; should it be to serve Delhi through governance; should it  push its luck for larger seats in a re election and  also pursue  a pan-Indian footprint despite its abdication to run a government in Delhi.Timidity in activism may entail a setback but in politics, it could well  hasten  ceding  valuable public space.

http://epaper.asianage.com/PUBLICATIONS/ASIAN/AAGE/2013/12/15/ArticleHtmls/AAP-KI-KASAM-With-reference-to-your-editorial-15122013006036.shtml?Mode=1

http://epaper.mailtoday.in/epaperhome.aspx?issue=15122013

Delhi polls is not a guinea pig

The  mixed basket  of seats in Delhi  seems to have seeded a needless political impasse. The hesitation of a debutant AAP with 28 berths, to run Delhi is unfortunate but the BJP's circumspection is inexcusable.Both are treating the Delhi poll as a laboratory pilot project, one its effervescent new ideology and the other to  validate its campaign leadership..Both must realise that political timidity tends to leave deep scars on the credibility of  any political outfit. Precisely why Congress has heavily  paid for it now. .The six month window , if utilised to run Delhi and achieve even a few telling points on consumer prices / a visibly perked up administration , would serve to boost the image ,be it the AAP or BJP.In this the AAP  would stand on a better footing ; its failures / slip ups will be condoned even as its honesty of purpose and its sense of obligation to its electorate would raise its acceptability into the big league , quite a few notches.The Congress would only be happy to gain a reprieve in the abdication of  others.

Timidity in politics,invites extinction

Every activist can not be a politician but every politician needs to be an activist.Anna ,in his  wisdom opted to remain  single as an activist and Kejriwal  married politics.Post wedlock activist-politicians are expected to deliver on their vows.We have the CM,W'Bengal, the nemesis of the Left, still pursuing to the exclusion of all else, wins in every election in the state big and small. The activist in her for two years now, is still ascendant over  the politician in her. The state is worried at the inordinate length of the gestation in the delivery of effective governance and will have to wait till every seat is taken by the TMC ?. Following her foot steps,the AAP is perhaps diffident to take on the onus of running a government in Delhi  allowing  it unencumbered, to pursue its brand of activism on a pan-Indian canvas.Here is an opportunity  before them to learn hands-on  administration of a small and uncomplicated City state  . Is there no place left in their activist space to address even this moderate challenge. Winning then is rendered without a purpose  . Did not in living history, a Mandela the epitome of an activist,turn overnight into a consummate and enviable politician  to single mindedly unify his srtife torn nation. The AAP ought to choose a similar onerous but rewarding option as now before them,in Delhi.Timidity in activism may entail a setback but in politics, it hastens extinction.

Political hijack

A limping economy and the long shadows cast by UPA-II, had the Congress  on the back foot and the Assembly polls  reflect this. The irony is that Shiela Dixit ,with her   largesse to the urban conglomorate Delhi,  inter-alia ,regularising many a slum cluster to colonies,was handed a  personal defeat by the urban voter. And in Rajasthan, the  Congress despite   launching  its many  flagship  inclusive rural schemes there,  was rudely  abandoned by this very  rural segment.An upgraded and modern mode of high decibel ,whistle -stop politics is perhaps managing  to skew  our perceptions at the upper crusts , more than the core concerns . The UPA  did indeed provide both growth and inclusiveness.The global downturn has many a nation in the grip of economic stasis and high inflation and  governments are bearing its political brunt . India is no exception. Whereas  a government can merely enable  growth, it alone can subscribe to inclusiveness and . in a democracy, that is a hard task.Concerns of the Congress on economic equity,of growth by the BJP and of inflation by the AAP ,all have their relevance  but our political choices can not be allowed to be exclusively hijacked by just one of them. 

End of cloak and dagger politics ?

The Congress was on the back foot with a limping economy and the long shadows cast by UPA-II .The concluded polls  reflect this and in two cornered contests , the sole  beneficiary was the BJP  But the  AAP,exposed the standing of BJP in the three cornered Delhi polls, despite Modi.,   by matching the  saffron seats This must be ominous for  Congress and the BJP as both now seem to be vulnerable against an organised third  major contender in the Lok Sabha polls of 2014.. This could be provided by an AAP or a like avatar  and  better still, by a re invented '" Third Front ",that has pre-poll arrangements and not the opportunistic post-poll number game  .There is a clear opportunity for regional entities to  also become a mature and sagacious electoral group.Otherwise erelong they too stand to suffer the ignominy of being humbled by modern day nascent parties that are able to capture the imagination of the younger electorate  growing by the day.Perhaps we are seeing the end of old day cloak and dagger politics with its quid-pro-quo dispensation.

Published -Fin.Exp Dec 9-http://epaper.financialexpress.com/195704/Indian-Express/09-December-2013#page/6/1
Published Hindu Dec 9
Published Business  Standard Dec 10

China and its disputes

A study finds that  since 1949, China has settled seventeen of its twenty-three territorial disputes and has offered  compromises in most of these settlements.Regime insecurity prevalent in totalitarian states, might  explain China’s pattern of cooperation / delay in its territorial disputes with others. Currently China suffers from no major internal upheavals. But then China's great wall screens its politics as well. We are having territorial disputes with China for ages now. Our greater concern should be the Chinese pseudo suzerainty over river waters flowing into India.Our  insistence on installing monitors , in April this year to share hydro logical data pursuant to China's plan for three big dams on Brahmaputra,  triggered their  stepped up   rhetoric on Arunachal Predesh.These  will predictably continue to occur, for one reason or another. We must not lose sight of of our vital  riverine interests ,keep
pegging away at the  important aspects of our bilateral equations and  react soberly to   transient  incidents as stapled visas and the like.
 (Published ET Dec 6 )
http://epaper.timesofindia.com/Default/Client.asp?Daily=ETM&showST=true&login=default&pub=ET&Enter=true&Skin=ETNEW

Winning-A prologue to politics

Merely entering the electoral fray ,the AAP has restored primacy to political probity. Even a modest 4/5 seats in Delhi for the party,would provide the necessary anchor to this long lost and much missed public concern.The parties that dared the Anna movement to stop sermonising but  enter the arena,would stand chastised.Should the AAP hit a tally of say,15 ,it would  open up  new dimensions.  This would  heighten the negation of the two national parties and should the trans Delhi entities like SP ,BSP further garner amongst themselves a high score,the reassertion of the Congress & BJP back into the Delhi state equations, will get harder over time.The NOTA tally in the recent Delhi polls, if significantly high, should worry them even more.On the national canvas too,the implications  are likely to go beyond 2014. The take away  is that the ruling and Opposition parties must immediately endeavour to regain national stature and the best place to do it right now  is in the Parliament . This winter session will indicate if both are wise enough to learn lessons ,if necessary,the hard way. Right now,a Modi or a Rahul  can well do without another  wild and acrimonious winter session. 

          For its part,the AAP has to set about  synchronising its party management and developing  administrative skills to run even a small  state like Delhi, should occasion ever arise. Mamata Di ,despite  years of  hard core politics, is struggling in W'Bengal despite an overwhelming mandate

   

Audit must move with the times

The spate of  " scams ' in UPA-II had their genesis from the reports of CAG The CAG is the institution through which the accountability of the government and other public authorities spending  public funds — to Parliament and State Legislatures and through them to the people is ensured.The word ‘accountability' really means answerability.  Should the CAG question policy decisions and it  be the CAG's duty as the instrument of accountability, to comment on such a policy that prima facie seems unconstitutional? Answers are currently being  dispensed  supporting either side of the divide.For long the CAG  has  stuck   essentially to post-audit with all its attendant drawbacks even as growth exploded manifold.A system of Internal Audit  ( IA )was set up but had no teeth as it was part of the line management and subject to influence. Auditing  governments and their ministries need to be reinvented.Constructive on-line audit  interventions by IA , must replace post audit . This will make the IA audit team a stake holder rather than an adversary as now. Post audit  can then go into areas of policy formulation in order that it can identify zones of concern and evolve guide posts.With economy going global a good auditor is one who has been able to identify  areas of aggressive caution and ready to help out when national /international commercial scenarios abruptly change. Presently neither the auditor is happy putting out reports on matters sometimes beyond his ken  nor the administrator who had taken  major decisions based on the circumstances at a given point in time.Clearly all this demands auditors of the highest calibre well versed in  multifarious aspects of formulating decisions instead of merely accounting for notional loss of Revenue, after an event

  ( Published inFin Express  Apr 19 )

Thorium- the energy miracle

 India having  failed every attempt to reach its annual targets of increased  electricity production ,  now faces a deficit of 8.5 percent on its base electricity load from 2010-2011. Thorium is a naturally occurring radioactive chemical element , hailed as  the biggest energy breakthrough since fire.India has the world's largest thorium deposits  , eight times that of its uranium . It thus makes sense for us to develop thorium reactors .Our plans are to obtain a quarter of  electricity from nuclear power by 2050, up from around three percent now. Quietly researching this fuel for decades, Indian scientists have waited for  the right moment to build their first thorium-powered nuclear reactor.Initially this  is  to be a mainly research-based project that will lead the way for commercial ventures in the future.This reflects our ken to think long-term.It's easy to be skeptical about the achievements of Indian
scientists.They haven't made nearly as much of a mark as other developed  nations in research publications,yet they have been  planning for a distant future, a technological one.  On date,the basic physics and engineering of the thorium-fuelled Advanced Heavy Water Reactor (AHWR) are in place, and the designs are ready .and its Construction  will begin soon, The reactor could be  operational by the end of this decade. The reactor is designed to generate 300 MW of electricity – about a quarter of the output of a typical new nuclear plant in the west.The reactor will require 52 tonnes of fuel in its core initially – and just 4.7 tonnes of fuel per annum after.We can sustain on our thorium reserves for hundreds of years.

Overstepping his brief

 Modi's campaign machinery now runs practically independent of the party, with his hand picked men calling the shots and strategy.His re-take on the Article 370 comes out of the blue, taking by surprise his own party as much as the others.Clearly his penchant for feeding an aura for himself could continue to  out pace his brief as the BJP's campaign leader for 2014. Modi may well get away with all this and more and could even place his party within the  reckoning for power, post 2014.Should he continue on such an uncharted and  maverick course, he  could well  frighten away potential allies for an NDA -II,making it imperative for BJP to attain near majority on its own.The moot question is whether the strident individualism of Narendra Modi could end up in  ceding  place to a debilitated Congress, by default. 

    ( Published Indian Express Dec 4 )
http://epaper.indianexpress.com/193786/Indian-Express/04-December-2013#page/12/1

Election Fair 2014

The tasks before the nation just keep increasing even as the time available to complete them is shrinking with the National Election Fair 2014 round the corner. . What better way than to go for a division of labour. The Fin. Ministry  is  singularly engaged in  bringing down the CAD and the RBI , with inflation.But the GDP that lost its patron saints quite a while ago ,has an unlikely saviour in the high ground level inflation that props it up by at least 20 %..The political parties are not behind. If one attends to majority concerns the other nurses the minority affairs even as regional chieftains micro manage the interests of the many  " divisional " components thereof.To lighten the huge burden on Foreign policy, issues now stand reduced to bare basics, visas ; stapled ones  of China and the US ones, for our IT men.Our neighbours have to fend for themselves without us for some time .The Media is equally eager to share the nation's ballooning  judicial burden. Their studios have been refitted as fast track courts that can come with  same-day judgements on crimes of every description.The common man is at his stoic best, crying over high vegetable prices even as he buys into gold, breaking a 10 year record in Q2 2013 !, Everyone is doing his best to  unwind the tangled web of a nation beset with problems.The nation is getting set to visit the 2014 Fair . The central attraction will be the  EVM with an array of buttons that one needs to  choose and press for the set of dreams he alone fancies.The variety of choices before him is sure to be  mind boggling.The saving grace in all this is that the next Fair is not due for another five years !. 

  (Published in BUSINESS standard Dec 4)

http://epaper.business-standard.com/bsepaper/svww_zoomart.php?Artname=20131204aT008101004&ileft=582&itop=1032&zoomRatio=146&AN=20131204aT008101004