Categories
economics Misc

Stock Markets : Defending Technical Analysis

I am not supporting ne FA or TA guru but the theories in general .

Stocks or any thing that moves involves ones estimation of the trends and flows that we know are related to the phenomenon under discussion . One has to base his play basic on know experience and ones rationalized creative imagination .This is how we operate in life and markets should be no different .

Fundamental analysis is about assessment of economical realities and its forecast ed impact on performance of investment vehicles lets say stocks . While we cant deny impact of fundamentals one need to also realize that the outcome is end result of a dynamic process and hence the result may vary .Take current crisis for example the Doller should be already in dumps by FA but the point is like Fundamental forces there are manipulative forces as play so the exact outcome always remains to be seen . This is where destiny of FA lies . He can be right about the outcome but not the events and sequence of it . The same applies to using financial ratios to access value picks .

TA in reality is our attempt to find patterns in the psychology of money movements . Be it a pure FA based market or fully manipulated ones or anything in between . The fact that its a multi player n multi force game patterns are bound to emerge . In that case if some one does use volume and prices and put that is some relation to keep his bets we really don’t have a reason to cry fool . The support and resistances and over bough etc are pattern fitting mechanism . SO is trend guessing based on divergences . The problem in not in the patterns people pursue or the methods of it . They are always there . The problem is treating them like gospels . I agree that events like Jan 2008 crash need not be forecasted by TA . But thats not what the TA is for . So long people stick to TAs definition as…. guide for bet formation all is fine .

Finally coming to the certainty aspects of it . In a multipolar dynamic system none be it TA or FA can predict the precise markets points , they can at max signal point where their theories start loosing relevance . For at such point the one betting should re look at things and the one who is theorist should re boot his pattern theories .

The so celebrated value investor in fact fits in to the same mould just that the indicators he used are primary and hence they make more sense .Its for the same reason they sound more believable and are often so. Even the value investor has to upgrade his pattern fitting based on competition and creative imagination [and occasional frauds :)] .

FnO operative is at max are mathematical tool that benefit from the time factors of the anomalies of the TA the FA and the forces and their interrelations that TA-FA rely on.

Give or take few , the approaches boil down to convention and conviction .
This is fate of all human activities based on derived indicators .

my views ..

Categories
Misc Write Ups and Downs

Election 2009 : Rise of congress and the inferences

I said in my last blog

(http://emutions.blogspot.com/2009/04/india–awekning-will-election-2009-will.html )

that people are so sure of a hung parliament and congresses demise that the results might shock them .

As luck has it the same thing happened . Congress won with thumping majority . And boy I love underdog stories .This could be story of the decade of sorts .For this election is quite remarkable in many aspects .

Rise of congress: You would have heard the seat count for INC and how the UP results turned it all around . The main point is whether its 262 or 225 . Whether its congresses personal victory or that with pre poll alliance . The congress is back as a party . It should satisfying to all the nationalist ppl that the balance of power in Indian polity has been restored . The lalus and paswan and mayawati that has eaten humble pie doesn’t matter that much . To begin with its not about the individual . Its not even so much about their tendencies . Its about the vacuum that existed at the center stage . By luck or by effort INC did fill this gap and that matters [cant take side , I work in private co.].

Fall of left : Now there isn’t a fall of left at national level . They might loose the state to mamata in assembly election .One cant even ignore the constituencies they won . left is still alive and shall be present in parliament . For most of the last years they have been painted as complete villain . Nopes I don’t support the arrogance neither do I support political player in time warp . But the fact is left is more victim of bad publicity than bad deeds . For political arrogance and out dated agenda isn’t alien to many of Indian parties . Even other wise not all of what left said and is publicized is bad . Few of their demands on insurance and bank reforms do make sense . Economics and social decision are matter of choices and we need to give left the necessary personal space as a a party .Somehow I feel there were vested interests in marking them as total villains .

Rise of Rahul : This one was long dude . The prince should take his seat and make the moves . Somehow the timing saddens me . Rahul , like his father , comes across as boy with dream . May be he isn’t realistic and mature and what not . But time has proven that these are the people that sow the seed of path breaking initiatives . Sad part is that with such a thumping victory will Rahul gandhi get to learn all the lesson and will sycophancy spoil some of it . Welcome to the new leader .

Phonix of BJP ? : They did it again . Last time it was India rising and this time it was Advani as strong leader . Somehow BJP did not get past the US like election hangover . May be they are ahead of the curve . Or may be this party is out of touch with reality . The truth remains to be seen . As Mr advani is set to retire it also offer BJP a golden opportunity to re structure and be the balancing alternative that we need so much , given the rise of congress .

No Indian Obama : Given the performance attributed to Mr lalu yadav once cant surely suspect that Ms mayavati would not prove good as PM for India ,in any sense whatsoever . What perturbed me so long is the media frenzy . They were almost ready to launch a huge star making campaign in case this lady was vital to govt formation . With out passing any judgment to her credentials I personally feel that any country should hail its leaders and their rise for right reasons . Luckily such a mania of Dalit lady Pm campaign is averted and I wish we always get leaders based on their own merit or luck than such criteria .

Congress and Economy : This one perhaps the most mythified one . Not to deny the reformists credentials of INC and Mr manmohan sing . The fact remains that the whole agenda of FDI , reforms and disinvestment – privatization has , luckily been exposed in recent crisis . While the markets hail come back Mr Manmohan and likes we need to separate the myths from the truth . For this is the same set of people who also saw the Indian real estate bubble being built . The ideas like full convertibility if rupee , euro doller reserve , Bank and Insurance reforms are some of the bold and mature decision that are purely individual and vision based than rely on popular norms of financial and fiscal wisdom . To say the least and pass safest statement one need to differentiate people from decision . The former doesn’t guarantee later and the quality of it . As usual assumptions is enemy of money making and national prosperity .

Congress and US : This is probably the most ignored aspect of all .Given the economical and political situation and the position US has in them . What we needed in India is experienced leader and foreign minister . People whoz wisdom is deep rooted with Indian ethos . People who are grounded in reality than driven by craze of proving ideologies . And people who are flexible enough ]. Obscure enough INC that too without disrupting allies works better for India in the historic juncture that India is in than ,many other alternatives .

Saint Sonia : She is stronger than ever . Don’t be surprised to see her top most of lists of power women survey . The lady might be on her way to be one of the great India has seen . Just forecasting 🙂

In summary , the rise of congress is significant in the opportunities we have , the much needed sanity that India needed and the baggage of redundancy that comes with it .Only that many of them are misplaced and most of them are misunderstood .


Ironical as it is . This incident coincides with fall of LTTE . Poetic is it ?

Jai Ho ..

Categories
Misc Write Ups and Downs

A joke about 2 behaviorists

two behaviorists meet each other.

One of them says, “You’re fine; how am I?”

🙂

Categories
Misc Write Ups and Downs

The one who loves less …rules the relation

There is truth in this line that made me think . The one who loves less rules the relation .
Its represented the practical side of love relationship .

Human relationship were always about power equations . The most obvious is the relations that we have with a co passengers . The most notorious ones are that of deception and deceit .
And the most empowering one …. that of love .

Now that’s a contradiction i made ! if love was all this selfless , empowering and complete experience and relation … then when did a practical side of it got developed .

Rather whats the genesis of this practical side of love and the balance of power in it ?

May be the answer lies in the way love is being developed these days . Hang on , I ain’t saying that love these days is less genuine than it was earlier . Even with the fast life that we live reaching such heights is possible, of course !! .

The problem I feel is from the things that aren’t love . Its the relations and the various shades of it that are being treated as love .

There are always satisfying relations and states of being that are equally liberating as love relation . There is affection , there is attraction , there is intimacy , there is affinity and there is friendship .

Now i wont go on defining all these and i know that everyone is able to differentiate between all these relationships in his own way . Please also note that I did not mention infatuation since i believe it doesn’t exist but its a derogatory term for relations people cannot make sense of .And the best part is its in these relations the power equations are more worldly than love .
Of course its a generalization .

But the point I am making its that apparently our generation has a big burden on its head .
And that’s of falling in love . That’s of being in love relation with something .Its this burden that we color and insist that all other types of close relations that can and do exist between 2 people , be love .

Its this deliberate or inadvertent camouflage that ppl take for love that develops the practical side of love .
Love for once … grows , the speed can vary for people but the steady growth which lasts life long is the main charecteretics of love when compared to other relations .

And with all the fairness each relation has it own growth cycle .And this cycle goes for a toss when the people are in hurry to fall in relations . Coz its when relations are left on their own to grow the natural balances between 2 people and all aspects of them develop . this is what makes relations so fulfilling and enduring . This is what makes people surrender their egos and rise above their level.

Love or otherwise , there is a constant hurry and pressure that is there with us , to be always and quickly be in relations . May be its the side effect of the economic and social changes . or may be our generation just don’t know how to deal with the unprecedented power that these changes gave them .

The net result is ,we tend to develop relations than let them develop on their own .
And its when such choices are made power equations and practicality over weights the quality of relation , its meaning and that of life is general .

The funniest part is , we all , rather most us do it ….and we all think we don’t .

And then sometime … we wonder .. why doesn’t life sound so great ..
why doesn’t love feel like ecstasy …

the difference ………. my friend is that of masterpiece and mass production .

ps : i aint disparaging the GF/BF culture . In fact i find it very practical … so long ppl keep the definitions clear ..

Categories
economics Misc

6 May 2009 : Will markets crash

its quite common sensicle to say that the market is ripe for a fall .Funny thing is it can go up even more before such a fall .

And that bring us to the important point .
Why did the market rise in the first place ?
remember the rise was vigorous so the reason has to be strong enough .And its when this reason is violated the market will fall [ not dip … but fall ] .

even if one forgets the fundamentals and monitory situation by popular concepts the market rose since the US and recession showed signs of some recovery .

Now for any down circuit day the same recovery should come under question .
So in absence of some negative outcome from bank stress test or some moment of truth sort of news from US there can not be a severe fall !! .

Point I am raising is where you are an economist/fundamentalist type or you are the one who follows popular media chances are the most you will be wrong in judging the extent of the fall . By fundamentals the markets should be at bottoms and by popular media there need not be much fall , say nifty holding 3000 .
As is clear from above one should check his own reasons and logic before believing in the fall and the estimated extent of it .

At a fundamental level we can take a strong cue from fall of chryslar and lehman .There are reasons to suspect that these are the test cases to measure the chaos .The real institution in danger are under the wraps . And its from such institution that the surprise or bolt from the blue comes [ and fortunes made ! ].

On the same line one need to put all good and bad corporate news in perceptive . In recession time when tata gets full subscription for nano which means some solid thousands of ruppes should one give a damn of how many times ppl expected them to be subscribed ?RPL merger wasn`t a crown jewel of corp governance then why bother about the same getting confirmed .Air tel made more subscription even in recession so did HH showed decent bike sale . interestingly ICICI shot for what reason ? was it welcome to new CEO ?
in the event where IT ppl [as a case in point for high flying jobs] who primarily escalated house price in most of cities , are facing salary and job cuts how can Banks be a good place to invest !…

and in the event one is trader shouldn`t he think more about simple indicators like volume and price trends .

stray thoughts … few question …. no offense meant .

Categories
Misc Write Ups and Downs

Interpersonal Skill and the need of it ….

The other say my junior came to me and apologized for smth she did not do well .
“Sorry sir , I am not good at communication skills” .
Not that the mistake was trivial but this confession kind of got stuck …

Somehow there seemed to be a right way of saying things .
That was the communication skill under discussion .
Somehow it seemed that everyone , almost every one at workplace was supposed to have them .
And every one is supposed to have them the same right way .

I am amazed at genesis of such developments .
They say ignorance is bliss ………………..
And the whole stuff of interpersonal skill is centered around making these ignorance known .
Known to people so that they can acquire and improve them .
to me this seems like a huge burden , one is supposed to know the right thing to do or say .
And what amazes me further is that the fact that each one us is made different .
Then how is that there is one magical skill/s that fits and cures all our problem .

Nopes I am not making a case against social appropriateness . The manners and etiquette’s relevant to the situation we are in must be followed .
And luckily most of human beings have them by the time they grow up .

Its what happens after that makes me disturbed .If you observer all / most of the skill that are tught have one common thread .
Its about being manipulative in a non villainous way .
Its about suppressing yourself and saying/doing things the way it would please others .
Restrain and suppression in this case are to similar but distinct thing .
I wonder , how much such kind of faking it really makes people happy .
And more especially how long ?

We might have huge benefits by being practical and acquiring such skill .
But the point remains is if all your life one has lived a fake self then isn’t that what he / she really is ?
This is where may be the answer lies …
Being how much polished is………. natural ?
and where does the boundary between necessity and compulsion lie …….?

or in our journey of being professional , being the resources for being productive we have lost this distinction .

or is it that some one who wanted to design the modern productive working society has forgotten that everyone cannot be best in the same way .So any effort of enforcing such forced adaptation goes against the very reason of why …………………we wish to work and earn .

…….the reasons of progress and happiness . For everyone , all together …. being unique !

Categories
Misc Personal

Wass Up …

the answer is nothing much ..:)
an IT managers life is boring .. 🙂 …jokes apart … I just came back from a marathi move “Me shivaji …” . Its kind of munnabhi theme woven around the issue of common man with some pieces of son of soil thrown here and there .

The movies started the usual debate with my roomie .The status of our country . It wandered around all the usual issues . And as U know from own experiences there was no sure conclusion 🙂 . The last line where we stopped the discussion was what can a common man do .

That line puncher-ed the heat that was there . the question scares me … a lot . For I am a man still in search of balance between practical and ideal . My friends know which side I am on .

I wanted to share a incident . There was this share trading site i used . It would go down most of the times the stock markets made big moves .That kind of frustrated me .
And i raised a complaint with SEBI .Honestly speaking I didn’t expect anything from it .
Surprise , surprise !! there was a letter from SEBI acknowledgment the complaint .A letter from National stock exchange , NSE, followed .Soon the site ppl called me and explained their side . The best part of all this was that they have now launched a low bandwidth site . This site is supposed to work under heavy load .
The chapter was closed .

I don’t claim any victory . The matter it self is quite old .The list of such incidents is long one for me and I wish not to brag about it since that’s not what i am after .
For me it was simple case of calculating the trouble i wanted to take .May be the risk was well within my limit , may be I was plain lucky this time . I simply am not sure .

But that’s where my balance lies for now . Its of making and effort within my powers and then letting it go . Someday I hope to find a real balance . Or may be someday I will be a real smart kid who minds his own business . or may be some day I will become a pure idealist .The chances of me vacillating are more and more realistic too .

Prakash , one of my friend ,every time he meets me his eyes ask for what next I did .
………………………Looks like the search will be on and so will be my experiments .

The latest update is that my senior sort of warned me to keep my heroism under control at workplace since we are in recession .
And I , with all sincerity to his advice , is moving on in trying to protect my self and the conscience that books have give me ….

Categories
economics Misc

The G20 Eyewash ..Global economy headed for more pain

Doing lip service has never solved any problem . No wonder 2009 G20 meet held in London is ineffective on the same count . While Mr brown looked confident in his dealing Mr Obama appeared very unsure .

No i am not to pass a judgment on economic acumen of these leader . I simply don’t have that much of immunity . But the declaration @ the end of G20 meet is something to be analyzed in detail . For it contains the actions that were not done in order to solve the current crisis .

The G20 solution for world economy looked like this .
1> Increase of few hundred billion dollars in IMFs kitty as SDR .
2> Establishing greater transparency in tax heavens , name and shame them .
3> Global coordinated stimulus .

Wel that’s the crux of it in layman’s language . This is supposed to solve the current crisis .
But what crisis are we facing in reality ?

Is it sub prime ? wel yes and now . In reality sub prime loan isn’t what this recession is all about .Sub prime is first of the symptoms of the things that went wrong .
The real crisis that we are staring at is that of unregulated derivatives and complete lack of maturity .

You would have heard the word over leverage and toxic asset many time in recent past .Simply put toxic asset is one which has no value or chances of recovery of the loan in foreseeable future .Loans were simply given to people at weak criteria . Loan that were given at low rates on the name of socialistic themes like house for all . That was the first fundamental mistake .The real mistake was to make pieces of such loan and sell derivatives of them to other bank . And the next layer of mistake came from the institutions that insured the loan .

Look the mess now . Its like same mistake multiplied 3 times . Taking such a repeat and excessive positions on small money can be simplified and called as over leverage . That is what the CDO and CDS all about . By some estimates this amounts to from 16 trillion to 600 trillion .
The number by both counts is horrifying .

But more horrifying is the fact that its the same money circulated many times . That makes the problem complicated to solve financially .

While the crisis began like this there is complete denial in the leadership of this issue . Bail out after bail outs are give to banks to clean up the loans . Where as in reality such loan cant be cleaned up in such a straight fwd way . This said we head for the next crisis which is of confidence . Since all of the lender knows the other one is tied in loan none is leading money to each other and the bail outs end up only in balance sheets . The real economy is still suffering .

let me ask U one simple question : What happens to a person who has drunk too much wine .The answer is simple either he digests it which is a long and painful process . Or he vomits it all which is a shocking and painful process . Wel there is one more option which is giving him medicines that partly make him digest the wine and partly throw it out of his body .

This third solution might hold the key to present problem but that’s a very rational decision . Rational and bold [ and mostly un popular ] decision takes visionary leadership to execute it .

So in realistic term our economy patient has 2 choices . Eat it or vomit it .In financial terms vomit ting will map to series of mergers , restructuring and bankruptcies .

Where as digesting the toxin means that the world settles all these loans in hard money . Of course prevailing wisdom in today’s world doesn’t suggest that we are going to save and earn so much money just to clear the mess we created . The mindsets aren’t so patient and mature .
So whats gonna happen in reality is that Governments , in particular US keeps on printing money at regular intervals so that the debt is cleared . Call this as quantitative easing . Another variation of this can be that of devaluing the currency so that overnight the money doubles and the debt figures looks too small and easy to manage .

Both case are result of smart and dishonest policy and both result in playing with the very definition of money and value . Just enough to clear the debt .

The G20 was the summit who was to solve this issue . SDRs which are essentially another name of bundle of few currencies like USD and EURO and all doesn’t server the purpose .Arresting tax heavens cant solve the problem though it might arrest it in future 🙂 [ assuming ppl are dumb to use same tactic again for deception ..lol ] .

What does that mean to ppl like us , actually noting . The G20 just created a feel good and postponed the day of reckoning . Remember the huge losses , debts and lack of money flow is still missing . In effect the issue is unaddressed .

I wonder if US and allies can convince G20 + for simultaneous quantitative easing . I wonder if non USD countries will gather the gutz to ask for new currencies .
Till such a thing happens we will keep on revisiting the same toxic assets which are now renamed as legacy assets , again and again , with increasing frequency .

The lay off are hitting India now , soon the salary cuts will follow .
Ignore the rise in stock markets in April . Ignore the profit that citi can report . Ignore the dip in gold prices [ it will shine in time of crisis] . The problem is still there , large and worsening .

Caution : More pain ahead …..

Categories
Misc Write Ups and Downs

India Awakening ? : Will Election 2009 will be diffrent ?


The jagore campaign was all around me . Some thousand people from my company registered for voters list . The feeling was overwhelming and I had to really wait for long time to get rid of that influence .

While jagore and allied campaigns might be limited in their reach , considering the size that India is of , it marks beginning of a new trend in this country .

For this was first successful campaign centered around citizenship . It will be interesting to see how much this affects the elite and translate into votes .

And if that happens this small % of new voters might change the result. I stick to might as a verb here especially considering the fact that most of our constituencies are rural 🙂 .

What amazes me about 2 diff things that are happening this time .
The first one is the sleek advertisements that BJP and Congress has put in place .

Full marks should be given to the ad agency that designed congress TV ads . They are top notch .
The usage of “jai ho” song might go down as a brilliant choice . But can such gimmicks change poll results ? … Now i don’t confuse myself with political analyst 🙂 but slogans and catch lines have their strong place in any campaigning . And this time they are too good . This time they are very filmy .

The second fact is how certain people are about the poll outcome . Almost everyone is sure of we getting a hung Parliament . The certainty is amazing . Somehow its so over the top that I feel the poll outcome might shock everyone . Or I hope so 🙂 that we get stable govt.

We never know , say some news on economics or Pakistan front might come in middle of election and change the outcome . But that’s wishful , I admit and I stop 🙂 .

Equally amazing is how people have written congress off . Looks like all TV pundits are more sure of congress’s poor show than a hung parliament . May be they are right , may be manmohans and sonia’s magic wont work ,
i take no side . Its just that I love underdog stories .
They are so so dramatic that it almost feels like democracy ….. !

Categories
Software

National Skill Registry : Profiling IT professionals

Lets get it straight guyz .

Would you like keep an account of your romantic encounters online ?
The one which contains list of people you had relations with . The one which can be tomorrow be upgraded so that it contains details of exactly what kind of relations you had with them .The one with which people can ask you questions like “did u have sex and how many times?” . The one which you may be forced to reveal when you plan to get married ?

IF you are a girl you will immediately get my point .

National Skills Registry [ https://nationalskillsregistry.com/ ] is an initiative by nasscom running for quite a long time .It aims at keeping a database of all the IT professionals .Its a permanent account maintained by an IT professional. These details will be upgraded as the employee moves across companies . The same data will be used for background verification and routine stuff you would see about profile maintenance on orkut or facebook . They even claim of 4 lakh successful registration !Gosh what happened to IT professional .

I find this quite suspicious and dangerous plan which aims at tightening controls over personal rights of IT professional .The fact that this is a permanent account sounds too dangerous to me , like the romances example I gave at the outset .

Lets c how , The first and foremost reason that Nasscom gives is that of security .
It says that since Indian IT industry is booming and since India doesn’t have an electronic registeiry of its citizen ,so its a concern with our clients when it comes to background check .

Question is which Background ?

Now there can be no doubts on IT clients seeking assurances about the people that they outsource to . If in case Nasscom is getting inspiration from US social secutiry system then its a fair thing to pursue . Nobody , including me , will want criminals at workplace .We should have a way to handle this .But that’s about it .
The rest that is said in support of this registry sounds like some smart marketing to me .

First and foremost ,security assurances to its clients is about the social record of the person .There is no reason to include his employments details and so on in this .

Secondly If at all such assurances is needed then Nasscom , with its technical and monetary strength should convince Govt of India to establish a social net than do it herself . Infcat such a registry should be maintained for everyone in India . Being a criminal be it CEO of a company or the office peon is euqally harmful to IT ecosystem .

And this is where Nasscom fails to establish its intigriyt .We can say that an association of IT companies so its targeting only IT professional .

No my friends this is too short and too sweet of a justification for this . Nassmcom first of all is association of IT companies . It is not organization of IT professional .Its the masters club ,however much we pretend .I leave rest to your thinking here 🙂 .

The next point is , by definition this is Skills registry . It aims to cover all historical data of an employee . Which all companies he worked for ? which all skills he worked on . The duration .
The salaries … wel I personally haven’t registered for this .But lets use common sense.

Even if intimate details like salary aren’t captured in this registry How much time do you think it will take . The day this registry becomes a hit , it will become a norm .And that day my frined it will not take much time for companies to force one to update his salary there .

Nassmcom does say that the data in this registry is controlled by the professional .Wel it must be but there is a good word that we use in IT industry .. “As of Now ” . Yes as of now it is .Tomorrow there can be a regulations 2.0 where in it will be mandated to keep one appraisal details in it . It can be extended to gather details to any minutes details like the years spend onsite foreign countries and so on .

Do you think companies will be hesitant to put salary and such details of their employees in such a database ?
Go and ask if you have any friend in recruitment process . Or if you have faced a job interview and bargained for things you would get sense of where I am coming from 🙂

you have no Idea , If I were an employer , how delighted I would be to have such a minute data about people i hired or will hire . Its would be a dream situation of having complete control over IT employees who any way aren’t allowed to form Support Groups .

And in essence this registry by its design can be very dangerous to IT folks . This or any attempt of profiling common people is to be suspected for its intention . The last such experience that history tells us is soviet russia and the KGB net that is said to have noted down minutest details .Again i leave rest to your own thinking .

Now lets look at the fundamental point that arise out of this issue .
That of Individuals freedom and Job Background verification .

Job background verification seems to be the prime intention that evident from NSR .
Now this is a real issue and this has nothing to do with security :).
This is quite an individual matter of what honesty an individual chooses to practice .Compare this to tax filing and you would be clear on the risk and honesty aspects of it .

As much keeping false claims in ones resume is a real concern, so is this being a pure business scenario . Its about how companies can and should verify Job Background and the business rather monetary aspects related to this . I for once and all I like such business issues be handled by market itself than NSR like profiling .

IT and most of the service Industries are about brands . A company and its trustworthiness as well as that of people working in it is purely determined by its brand . This is real market differentiators . We should be using the same as a base fro Job profiling . Rather this is how Indian IT industry seems to be working now . And again this is the final and real determinant factor .

NSR or no NSR ……
such brand establishment by an company by its corporate and Skills related practices . Or say by the employees by getting professional certifications or working in such companies should be the direction which Nasscom is working in .

NASSMCOM should have created industry wide system of skill certifications on diff Job profiles . It could have mandated , like we do in stock markets , Annual Job certificates by IT companies to employees .There could be more such open and fair ideas that could be cited .

Any falsification after that would be an individual risk .And so long people can pull such lies off or they get caught he has right to do so. For once such events strengthen the system than weaken it.It puts the strength of the system under scanner and makes them responsible for it .This is how nature and civil society works . Sadly this philosophical clarity is missing in NSR .

The point is in the onus of establishing ones rightful credential should be on the entity who wishes to benefit from it and they way they wish to benefit from it . Any overseeing body if at all regulatory should see that there are enough credential establishment events available so that such brands can be built and people benefit from the brand . After all there is a market for unbranded stuff too and thats a market reality too !

Beyond that NSR by its name and design it an attempt ar profiling people , having complete control over it . Its like treating IT professions like suspects, the only difference is this time its worded differently …and its web enabled..and its on name of security …and its from NASSCOM !

PS : Being an IT professional I am not making any conclusion on what an individual should do with NSR lest it goes against the conduct expected by my employer . I have taken care to keep this strictly as a critique and at a though argument level . I wish no political or monitory benefit from this blog entry.
EveryOne is expected to make his own decisions and the thinking needed for it . I wish not to dictate it 🙂 _Sachin .