THE BIG BULL

How Harshad Mehta pulled off the stock market scam. Genius!

harshad mehta

Harshad Shantilal Mehta was bestowed with the moniker “The Big Bull” by the Indian financial community. He was a simple stockbroker, nothing more and yet he led stock rallies all by himself and even led to the advent of the Bull Run, in 1991. He could single handedly raise stock prices to phenomenal levels.
He was a genius.
But his was not the life of the exemplar virtuoso, destined to be a role model for generations for come. He was to be remembered for being complicit in one of the largest stock market scams in the history of India.
Harshad Shantilal Mehta, born in 1954, was an Indian stockbroker who grabbed headlines for the notorious BSE security scam of 1992. Born in a lower middle-class Gujarati Jain family, Mehta spent his early childhood in Mumbai where his father was a small-time businessman.
He started as a small time jobber for a broker, and by 1990, Mehta became a prominent name in the Indian stock market. He started buying shares heavily. The shares of India’s foremost cement manufacturer Associated Cement Company (ACC) attracted him the most and he is known to have taken the price of the cement company from Rs.200 to Rs.9000 (approx.) in the stock market – implying a 4400% rise in its price. It is believed that Mehta used the replacement cost theory to explain the reason for the high-level bidding. The replacement cost hypothesis is a thought that perpetuates the notion that a company must be valued at the cost that must be incurred to set up an entirely new firm, with all the assets as the firm of interest, obviously at current-day prices.

But how on earth did he manage to move the market?
Harshad used, rather, manipulated something that is called a Ready Forward. Now, banks have a stipulated requirement, enforced by the RBI, that some proportion of their assets must be held in the form of government securities. And the ratio in which this is done is called the Statutory Liquidity Ratio. Banks had to give a detailed account of their holdings of government securities to the RBI every Friday. And in the week, it did not matter if they held enough reserves to match the SLR. So, banks sold government securities in the beginning of the week and bought them back before Friday. Now we introduce the instrument called the Ready Forward. The RF is in essence a secured short-term (typically 15-day) loan from one bank to another, with securities at one end of the transaction. Harshad and his accomplices acted as brokers (intermediaries) and began to hold huge stocks of money with them, which they invested into the market and began to rally the market value of shares. This led to a bubble, and when they booked a profit by selling his stake, stock prices came tumbling down.

He was, ipso facto, convicted by the courts for this scam and was incarcerated. It is known that the claims over the Harshad Mehta Group run into the likes of Rs.20000 crore.

He ran a major operation and several accomplices, including banks that issued him fake commitments for sale of government securities. It is also widely known that the Chairman of Vijaya Bank committed suicide after he heard of the scam being discovered because he was the one who issued checks to Mehta.

His scam had far reaching repercussions and it begets anyone who wants to boost his financial literacy, to know more about Harshad Mehta and the way he ran his operation.

Submitted by

Finance and Investment Cell, IPM, IIM Indore

6 Hairstyles for 6 Days

Easy, quick and fabulous hairstyles to everyday fun!
Wishing you all a very Happy New Year through my newest article in 2015, I am back with some
style tips for a (hopefully) impeccable and (seriously, doubt it) stress-free college term. And with
the new year, comes the new, grown up us, therefore we can all be very sure that we will not
procrastinate anymore. And I will do all my chores, my blog scheduling, and book appointments
and meetings. Soon. Very soon.
Without any further delay and interruptions made by my monologue sessions that you might see
springing up in this post ( I am in a highly contemplative place right now… in my mind of
course… ideally I prefer the beaches to let my thoughts wonder… just saying… in case you were
wondering…), I rub my palms together in eager anticipation of what I’m about to present to you.
6 HAIRSTYLES FOR 6 DAYS!
(Guys, you may want to steer clear of my overly enthusiastic prattling about awesome hairstyles that do not apply to you in any way. My inner monologue might be remotely interesting to you, but the following information isn’t. DO NOT SAY I DID NOT WARN YOU. In case you read anything beyond this point)
Now let’s get one thing clear that college can sometimes (if not, always, in my case) be a drab,
and the endless lectures especially (I hope none of my professors read this!) can weigh your
spirit down.
So, let’s get those spirits up (no pun intended) with the following super easy and quick hairstyles
that will make your new college term a little less stressful!

Monday: Pompadour by missysue.com. Make use of that Monday morning irritable
mess by making a cute little pompadour! I think it makes Monday less daunting…

 

Tuesday: Easy Top Knot found on weheartit.com/entry/99025678. It’s still to early in
the week to be excited about anything, so save yourself a lot of time that can be used
for that extra few minutes of sleep, and tie up your hair into a quick top knot!

Wednesday: Lady Gaga Hair Bow found on prettydesigns.com. OKAY. Half way there!
Now let’s get the excitement up by a notch with this adorable Lady Gaga Hair Bow!

 

Thursday: 5 Minute Curls by kouturekiss.com. One more day to go, but you can’t wait
for the weekend to arrive! And you can’t wait for any fancy hairdos so loose messy
curls are the best way to go!

Friday: Half-Up Twist by hairromance.com. Oh FINALLY! We can get the party started.
But it’s been a tough week ladies. An easy half twist is fabulous enough for both
college and your evening out!

Saturday: Twisted Top Knot by ispydiy.com. SATURDAY! SATURDAY! Kardi rehendi
hai kudi… Easy twisted top knot is what you wanna go for! Which means more time to
PARTEH!

Submitted by

Shalini Mohanty

Fashion Enthusiast

Follow her blog here

JE SUIS CHARLIE

charlie

On the 7th of January, two masked gunmen opened fire inside the offices of the satirical magazine Charlie Hebdo (The Weekly Charlie), killing 10 people and wounding several more. Also among the deceased include 2 French policemen who died when they tried to intervene to try to apprehend the murderers. The gunmen were armed with AK-47 assault rifles and an RPG. They apparently shouted ‘Allahu Akbar’ as they mowed down the employees of the magazine.

The purported reason for the attacks (the matter is sub-judice) is the magazine’s brazen attacks on religion, particularly Islam, including publishing cartoons drawn by a Dutch cartoonist, which published images of the Prophet Muhammad, which is regarded as idolatry by some sections of Islam and therefore blasphemous. The magazine was sued by a number of Muslim organizations for the same and won in a landmark case supporting free speech and the freedom of expression. It must be said that the magazine lampoons every major religion in France without reserve, be it Islam, Christianity, Judaism and so on. The editors have been purported to have said that they wouldn’t stop till Islam is as trivial as Catholicism is. As such the magazine is slightly left-leaning, always ridiculing far right movements across Europe. The atrocity has kicked up a storm as to the extent to which the ambit of freedom of religion can be pushed and how much Islam is to blame for the incident.

My view, as an irreligious atheist is that Islam, like all other religion is man-made. Every religion has extremist adherents and sections of canonical texts that are highly objectionable. This is true of all major religions, be it Hinduism, Islam, Christianity, Judaism, etc. However it is highly inappropriate to blame an entire religion and all its adherents for the atrocities perpetrated by a few extremist members of its creed, subscribing to fundamentalist interpretations of religious canon. Therefore blaming the hundreds of millions of moderate and devout Muslims for the acts of the Kouachi brothers is wrong and unjust. Indeed, one of the policemen who died in the line of duty was a Muslim. And so was the man who saved the lives of dozens of people when a gunman opened fire inside a kosher deli in France the same day. We do not vilify the entire army for the human right violations perpetrated by some members of its rank and file. The same for religion. We must recognise that we are human first and of religious denomination second. Humanity comes from the human instincts within us and not through religion.

When it comes to the matter of free speech, I firmly believe that the freedom of expression and the accompanying freedoms of speech and that of the press are inviolate and indivisible, regardless of their misuse by a few people. In free societies like France, and for that matter our own, freedom of expression must be paramount. In the words of James Madison (I think), a free press is absolutely essential for the survival of democracy. The ability of a person of entity to express its firmly held beliefs and principles and to be told that their firmly held beliefs and principles are absolute nonsense are part and parcel of these great freedoms that our forefathers struggled for. And these freedoms must be defended against all odds, for as Ronald Reagan said, “Freedom is always only one generation away from extinction.”

In conclusion I must say that a religion must be strong enough to withstand the criticisms of an often well-meaning satirical magazine and not lash out violently like a five year old who’s being teased on a playground. And I must say that the editors and staff members of that one fearless little magazine, are in the frontline in the fight to protect the freedom of expression that is increasingly being substituted by the jargon of political correctness and cowed by fear of retaliation from extremist fringe elements.

 Submitted by

Anirudh Matam

Second Year IPM Student

Holy matrimony or primeval purgatory?

maital rape

There is no such thing as marital rape

The concept of ‘marital rape’ is one that may not be present in the lexicon of the average Indian, but it is a concept that has made life a living hell for many of them. The staunch male chauvinists of this country, who masquerade as spokespersons for the Indian society at large, may very well disregard the existence of such a thing, but I beg to disagree. Yes, marital rape does exist. It pains me to say it, and it pains me furthermore to see that people are not ready to hear it, let alone acknowledge it.

There are two parts to the phrase ‘marital rape’. Firstly, the notion of ‘marriage’ clearly refers to the communion of two people who willingly spend their lives with each other and voluntarily engage in the activities that such a communion of two opposite sexes entails. Secondly, ‘rape’ refers to the brutal crime of forcing a person to engage in coitus. It is understood that two people who are married and live together will, at some point , share the conjugal bliss that comes with being a couple. The problem arises when the element of will is taken away, and it is seen more as a necessary duty that one must perform for the other. The oppressor, (usually the male) feels that he has a right to make his spouse partake in sex, regardless of what she feels about it.

Logically speaking, the moment the element of ‘force’ comes into picture, the act of sex enters the murky waters of the act of rape. But despite this fact, there is a large section of society that refuses to accept that any act of marital sex can indeed be accorded the fiendishness of ‘rape’. After all, the perpetrators of rape are veritable monsters. It would be unthinkable to accuse one’s husband of being one of them. After all, he is your ‘pati parmeshwar’. Indisputable. Above all doubts and accusations. That is what our ‘culture’ proclaims. And it is of course understood that the wife would partake in sexual intercourse whenever she is asked to. It is not within her liberty to argue against it. Why! Isn’t the very notion of arguing a sacrilege against the bonds of holy matrimony? At least that’s what all the supposed upholders of ‘Indian culture and civilization’ would say.

We need to understand that both partners in a marriage are equals, and one does not have a right to subjugate another against their will. She is your partner, not your slave. She is a woman, not an instrument. She is a human being, and my dear male chauvinistic pig, you should learn to be one too.

Marital rape is indeed prevalent in our society, and its existence is a sign of the heavily misconstrued concepts of cultural and gender rights that plague our society. But what is more alarming is our tendency to sweep it under the carpet and to look away from the not-so-comfortable questions. This is indicative of an even greater malaise that plagues our society. Call it hypocrisy or chauvinism or dogma; whatever it may be, it is time we got rid of it.

Yes! There is such a thing as marital rape, and it is an abomination. It is time we acknowledged this fact and freed all its sufferers from the clutches of the sordid existence they lead in their unfair marriages.

 

Submitted by

Jasmine Kaur

Second Year IPM Student

The Ascent of Money

Literar-I, the IPM Literary Club, organised Heart-I-Culate, an event where the participants were supposed pitch for books or movies closest to their hearts. The winning pitch and our recommendation for you is the Ascent of Money pitched by IPM 2013 student. Anirudh Matam.

matam hearticulate

Book: The Ascent of Money

Author: Niall Fergusan

Published: 13 November 2008

Genre: Economic History

Pages: 432

ascent of money

Bread, cash, dosh, dough, loot, lucre, moolah, readies, the wherewithal: call it what you like, money matters. To Christians, the love of it is the root of all evil. To generals, it signifies the sinews of war; to revolutionaries, the shackles of labour. But what exactly is money? Is it a mountain of silver, as the Spanish Conquistadors thought? Or will mere clay tablets and printed paper suffice? How did we come to live in a world where most money is invisible, little more than numbers on a computer screen? Where did money come from? And where did it all go?

 

And what about the huge inequalities in wealth? Infuriated by fat-cat capitalists and billion-bonus bankers? Baffled by the yawning chasm between the Haves, the Have-nots – and the Have-yachts? You are not alone. Throughout the history civilization, there has been a recurrent hostility to finance and financiers, rooted in the idea that those who make their living from lending money are somehow parasitical on the ‘real’ economic activities of agriculture and manufacturing. This is partly because, for centuries, financial services in countries all over the world were disproportionately provided by members of ethnic or religious minorities, who had been excluded from landownership or public office but enjoyed success in finance because of their own tight-knit networks of kinship and trust. But mostly because financial crises and scandals occur frequently enough to make finance appear to be a cause of poverty rather than prosperity, volatility rather than stability.

 

Despite our deeply rooted prejudices against ‘filthy lucre’, however, money is the root of most progress. To adapt a phrase from Jacob Bronowski, the ascent of money has been essential to the ascent of man. Far from being the work of mere leeches intent on sucking the life’s blood out of indebted families or gambling with the savings of widows and orphans, financial innovation has been an indispensable factor in man’s advance from wretched subsistence to the giddy heights of material prosperity that so many people know today. The evolution of credit and debt was as important as any technological innovation in the rise of civilization, from ancient Babylon to present-day Hong Kong. Banks and the bond market provided the material basis for the splendours of the Italian Renaissance.

Corporate finance was the indispensable foundation of both the Dutch and British empires, just as the triumph of the United States in the twentieth century was inseparable from advances in insurance, mortgage, finance and consumer credit. Perhaps, too, it will be a financial crisis that signals the twilight of American Global primacy and the rise of the Asian hegemony.

 

Behind each great historical phenomenon there lies a financial secret, and this book sets out to illuminate the most important of these. For example, the Renaissance created such a boom in the market for art and architecture because Italian bankers like the Medici made fortunes by applying Oriental mathematics to Money. The Dutch Republic prevailed over the Habsburg Empire because having the world’s first modern stock market was financially preferable to having the world’s biggest silver mine. The problems of the French monarchy could not be resolved without revolution because a convicted Scots murderer had wrecked the French financial system by unleashing the first stock market bubble and bust. It was Nathan Rothschild as much as the Duke of Wellington who defeated Napoleon at Waterloo. It was financial folly, a self-destructive cycle of defaults and devaluations, that turned Argentina from the world’s sixth-richest country in the 1880s into the inflation-ridden basket case of the 1980s. Money makes the world go around and pushes our own history forward. The ascent of money has been inextricably linked to the ascent of man, and the ascent of civilization to its peak from the dirt scratchers that we once were.

 

For all these reasons, then – whether you are struggling to make ends meet or striving to be a master of the universe – it has never been more necessary to understand the ascent of money than it is today. If this book helps to break down that dangerous barrier which has arisen between financial knowledge and other kinds of knowledge, then I shall not have toiled in vain.

 

 Submitted by

Anirudh Matam

Second Year IPM Student

 

 

 

Top Five Must-Haves This Winter

The long awaited winter finally seems to be setting in, and we couldn’t be more excited. It’s that time of the year again, where our cozy sweatshirts and chic sweaters make their way to the front of the closet. Our sure-fire tip to beat the winter blues is packing in those layers. They keep you snug and if done right, make a great look too! Here are five things we just can’t live without this winter:

5.Boots:

A pair of neutral coloured boots are a great investment for the winter. They go with everything from skirts to leggings, and shorts to dresses. The best part is that flat boots are a staple for casual lunches and evening parties alike. Boots with heels are a big NO this season; they’re cumbersome, uncomfortable, and frankly just don’t look as good as their counterparts.

 Boots

  1. Sweaters and Cardigans:

Sweaters are perfect to snuggle in with a cup of hot cocoa. Why not make them trendy as well? Breakaway from the traditional, almost overdone sweaters, and look towards belted sweaters, which look great with jeans and boots. Neon is not just for summer anymore; neon sweaters will take some of the dreariness away from the winter, and add some life to your outfit. However, tread carefully. Make sure you know which colours look good on you, because neon done wrong can turn into a horror show. Another look we’re in love with this season is oversized sweaters. Go ahead, borrow a couple from your boyfriend, and show him how much better you look in his clothes!

Sweaters final

  1. Woollen Caps:

Step one is to rid your closet of any monkey caps, if you ever made the mistake of buying one.

Step two is to get woollen caps in a myriad of colours. There is no dearth of dull colours during the winter, socheer your outfit up with a rainbow inspired cap. Don’t be afraid to experiment; you never know what might click with your style.

  1. Arm Warmers:

Arm Warmers are the new fad this year. They thaw the icicles your arms have turned into, and look pretty adorable too. Go crazy, mix and match different patterns and colours with simple outfits. Personally, we are completely in love with the graphic ones!

  1. Scarves:

Scarves are available in every possible colour and pattern. They are a safe bet with any outfit you throw on. They have this mysterious but amazing quality of bringing life to everything they are paired with. Experiment with different styles of draping the scarf (our current favourite is the Infinity) to ensure you’re ready to tackle the winter with a fashionable foot forward.

8 Ways to wear an infinity scarf. It is so trendy and versatile how could we not love it?

infinityscarfpink-600x144

We’re really excited to go bananas experimenting with different styles and making bold moves this winter. The pictures should give you a few ideas for outfits. And if you’re still confused, you can always reach out to us for assistance, and we’ll be happy to rescue you from your fashion emergency.

Image Courtesy: www.whyoffashion

Submitted by

Ojasvi Jain and Pankhuri Soni

Third Year IPM Students

On Writing, Religion, Being lost, Dead dogs, Revolution and Hope

On Writing

To write of general and commonplace, was something I could never manage. I wonder now, if it was my vanity. Something I cannot keep my finger on hindered me from writing, it was like a silence whose origin I couldn’t exactly determine. It was not causeless, I know that and it did have a starting point. For some reason all that I am seems to circle and come back to the same event, it saddens me how momentous the event has become for me, all my thought, rationality, irrationality seems to arise from this point. It is sad when life lived every moment can only make sense of moments, that knowledge we so love/fear, we exalt them in importance, soon the moments are not some random events, they slowly lose contextual importance and assume moments of revelation and great truths/agonies in personal capacities. I don’t entertain this idea as people will assume that’s all that ever mattered in their life, the moment, and put their happiness, sadness, hearts, minds even existence at stake. A moment in attempts to be guarded and remembered is reimagined, in its reimaginations it is lost.  I don’t mind people being reckless, but they should stop and consider that there is way more to life than what they remember and actively remember of it. Now I shall talk of people who jump, they love jumping, in front of cars, from buildings, those who inflict self harm and belittle both self and existence, to them I say, there is much more to life than what you remember of it, there is an unremembered existence, it exists in a realm between a reality and falsehood. I finally understand why I cannot write what is commonplace, perhaps it’s because I don’t want to be forgotten, and it scares me moreover. But, more so, I guess the story told and remembered does not interest me, it’s common, I want to write a story that was forgotten, that was buried, for those are the one’s worth writing, they don’t scream of their importance, they wait and are forgotten. A story that has already been told ceases to interest me for it is predetermined, all that is left are tricks and tropes the author can use, the only story with telling is not the one you know, it is the one that had been hiding all this time.

enddd

On Religion

He was home later than usual, work like tragedy often arrives at an unseeming time and disrupts the flow of life, rather, the living. Usually him being late would not arise much of a ruckus, but today he had to perform the puja, of one of the days of Navratri, a religious festival, where he being a (the) man, had taken up the job of uttering the word of man to usher in God. His arrival was waited on by hungry stomachs. Hunger is the most treacherous of enemies, for in its absence it gives a sense of whole-ness, people are better off with enemies they can be sure of. Hunger was nothing, it was the absence of food, however it seems to evoke more reason and argument than its meaningful counterpart, perhaps there is much to talk about hot air, people love vacuums, nothings, for only they represent the possibility of anythings.

His arrival was a rather pompous affair, as he marched in, belly first, man on a mission, to pray. Grateful looking people surrounded him, as he marched straight to take a bath and get ready for the rites, while serfs did the menial task of putting his stuff in place, today he has a more important task, he was attending God. Sometimes it seems realities are the least of our concerns, suppositions determine our thinking, our suppositions of people, of places and even ourselves, reality is overlooked and in this perception of overlooked reality, it is tried to be saved, people end up believing, defending, rioting for what they think was real in an unreal plane. Then in the apt attire the puja began, and globules of water slowly made way from his hair, to the nape of his neck to his spine, I wondered how all things had to fall, how in all this rubble only God seemed to rise, in all this reason only God was upheld. God did not fall, perhaps Nietzsche was right as he proclaimed the death of God, but even that proclaims a confirmed existence, perhaps God is not being upheld, it is the human conception of it, only the God who divides, segregates, discriminates, riots and kills that is upheld. I wonder where Durga is, in her attire adorned with gold and red, perhaps she was already gone, I chuckle as I wonder if that was true, what was my father praying for? Perhaps for the strengthening of his supposition of himself as a good person, it is difficult to know, belief usually ends up making up for it.

I excuse myself through the entire chant, however his wife tells me that my presence will be required in the aarti. It is the final part of the prayer where the praises of the Gods are sung. He, imagining himself to a reincarnations of the greats of melody assumes a loud voice that ensures hearing even in the neighbouring places, being heard is an important and integral part of puja, it was important, at some level that people knew, otherwise it seemed to beat the purpose. He assumes a strange high pitch at crescendos, which sounds like something is stuck in his throat. I try to keep a straight face, but he slowly starts making pelvic movements caused by restlessness which had resulted in constant shifting of the legs. Finally aarti was complete, people covered themselves with smoke, wafted it in, had the dry fruits put in offering and proclaimed their love for God, then exclaimed their need for food. Hunger seemed to be asserting greater presence as it was threatening to assume a religion. At food, there are attempts at making conversation by him after food had disappointed him, since he was on a fast and was eating only fruits and drinking milk, he asks me why I never talk to them, don’t I have anything to talk about. I chuckle and ignore his question, he assumes it is the news, implores some more and more monosyllables are exchanged. People don’t understand that you cannot suddenly demand understanding of a person. I wonder if this is what makes us demanding even with our God, there is an incessant need to want. Sometimes it feels that there is a frozen world where only I move, and as I glance at everyone, I try to capture them, however, even the solid moves, changes, and beyond a point I wonder what changes faster, who is solid, who is liquid and who am I. Perhaps that forces us to believe in god. An inability to understand our self, forces us to pretend understanding of something else. The world is infinite change, we clamour to saves are statics, for who is truly moving?

enddd

On Being Lost

The streets were unknown to me, and walking in those streets I felt glad. There was a strange happiness in walking roads unknown, for a moment I was not an entity, I was not already determined. The streets looked at me, at a new person, I could be anyone. It seems all of existence that ever so often burdens me in streets familiar had lifted, there was a strange lightness to this existence. Walking along this road which paid little heed to the travellers who often sought them to reach places they desired, a person realizing that I was not from these parts came up and asked me where I was from? Emanating from this question which was simple on its face was another question that weighed on my soul, why did I leave, why do I feel this urge to wander? I feel, every once in a while, a person ought to stop and reflect and answer if a life lived indifferent is a life lived at all. As I wander and gaze at objects new and talk to people, the more I do, the more I realize that life can never serve itself as a singular existence, and only in acceptance of existence universal can life be. Even the stars seem beautiful today, but nothing has really changed. As I gaze into the darkness, the wind smells like promise of rain, I wonder if experience is destroyed by my attempts to put them into words. I fear in my efforts to constraint them in form and structure they somewhere lose their spirit. I don’t journey because I am lost, that would be a journey in vanity and self-interest. The more I wander the more concrete is the thought that journey is to a place in the hope that it would be a journey within. I don’t wander because I am lost, I do for it is only then when I am truly found. I tell the person where I come from I move on, as I walk, I smile. In this strange world of constant life, I feel I have discovered a secret as I have realized that a step forward was a step within.

enddd

On chinks in Understanding

There was a dead dog. There lying on the ground body covered with tread marks, entrails on the road, blood splattered everywhere, people said it was mad and ran into the traffic. It was a strange desire to face the world, head on. The driver shrugged, claiming there was little he can do, people nodded, after all what can he do? The witnesses tell us his stupidity in trying to run in traffic, it was stupid indeed, slowly the dog grew uglier and stupider in retellings. It was soon an ugly, mad dog, who ran on front of the vehicle, poor driver. But what of the dog? In an ever changing history the dog grows uglier, stupider, madder, and grotesque. As the stories become increasingly one dimensional, one important question will be forgotten. What of the dog? Was he domesticated, did he have an owner, was he stray, why did he want to jump in front of moving cars, why didn’t anyone advise him otherwise, what makes a dog give up life and not care for it, was that his last hurrah? The questions will be replaced with convenient beliefs and assumptions, I fear we will never know of the dog who died, for in his assumed madness and differences, his death is justified. We will never know what of someone who once wanted to take the world head-on.

enddd

On Revolution

A story in first person assumes a personal nature, however it is but a trope used by the author to imply a personal tone. Everything in writing is impersonal, the story, the characters, the motives, everything. The November revolution talks about introducing an anarchy, an uprising. But our revolution is a romantic one, it like our stories is one in which we appear and hope we are emotionally invested in, however like our stories, it means nothing. Our revolutions fail in their vanity and fears. There is an imaginary line that restricts us, beyond it is a story unfathomable, a story that matters. Let’s feign understanding again and pretend we understand the stories, for it is comfortable and in width we will make up a lack of depth.Our laughs seem genuine because they are not true.

enddd

On Infinite Objectivity of Hope

Hope in its general usage is considered to be a subjective entity, able to change on a person-person basis, however there is a general specificity to hope in particular groups. In this hope is general, for people in their finite efforts (infinite in their possibilities) are capable of infinite thought, this dichotomy exists due to the permanence of action on life in general. In that hope is objective, for it is particular and filled with purpose, not merely wishful thinking but a specific motive of positive. In this subjectivity is lost, for this hope is not personal, it is a blanket amalgamation of various acceptable goods of person. We extend and intermingle, we reach out, and we hope for a complete picture, and in the fragmented pictures of the world we possess, we aim to find meanings complete. Thus the infinite objectivity of hope. Thus the black, thus the white.

enddd

 Submitted by

Piyush Kumar

Third Year IPM Student

Remember, Remember

On the 5th of November every year, the skies of England light up with firecrackers, as millions gather around bonfires to celebrate the Guy Fawkes Day. The celebration, commemorating the successful prevention of a tragedy that would otherwise have shaken the entire early seventeenth century Europe to its core, is a must watch for anyone who loves to see firecrackers illuminate the sky. It is comparable to major festive occasions across the world, like the 4th of July in US and Diwali in India. However, one wonders how significant to us, the day (or night’s) festivities are, having likely lost their political and religious connection, in today’s secular world.

To be able to discuss the relevance of the Guy Fawkes Night, we must first briefly review its original cause, the Gunpowder Plot of 1605. Following the separation of the Church of England with the Roman Catholic Church of Rome, the Catholics in the region started feeling increasingly alienated from the Protestant polity. A series of unsuccessful rebellions and coup attempts further served to deepen this divide, ultimately leading to an anti-Catholic sentiment across the ruling authorities of the kingdom. Under these circumstances, Robert Catesby, a well-connected Catholic, conceived the plan to re-establish a Catholic England by eliminating the majority of the English Aristocracy. The plan was to blow up the English Parliament, at the palace of Westminster, during its opening in 1605, via a gunpowder explosion, killing the King, the Queen and almost all major lords of the country. However, the scheme was discovered and Guy Fawkes, the man guarding the gunpowder was captured, giving the commemorative event the name, the Guy Fawkes Night.

It does not need a rocket scientist to figure out the deep connection religious fundamentalism has, with major planned acts of terrorism. The plot was formulated by Catholic extremists, to target the followers of the rival Protestant form of Christianity. Keeping that in mind, it wouldn’t be a stretch to say that the memory of the event remains relevant to us, as a reminder of the dangers of religious fundamentalism. With the continued rise of the Islamic State in Iraq and the presence of Al Shabab militants in Somalia, we see daily examples of what could happen if we became complacent to these elements. Even the Indian Parliament witnessed an attack on its premises in 2003, resulting in a huge military buildup by the Government. While an attack of the scale of the Gunpowder Conspiracy hasn’t reached the public since, the effective point remains that there is nothing to say that even if given the right opportunity, it may never happen again.

In fact, this fear has been captured in popular media and literature very well. The popular TV Show Sherlock, starring Benedict Cumberbatch, aired an episode commemorating the Guy Fawkes Night using a plot with an uncanny resemblance to the original scheme. Dan Brown, the American novelist has also shown an anti-establishment plot in his popular novel, The Lost Symbol. Conspiracy theorists have a field day, whenever Hollywood’s fascination with spy thrillers is invoked, specially post 9/11. Popular imagination has also started a cult following and transformation of the memory of Guy Fawkes, with the Guy Fawkes Mask becoming the identification symbol of popular comic book vigilante series, V For Vendetta.

Whether is the assignation of the Archduke of Austria, triggering the First World War, or the planned attacks on the Parliaments of various countries over the past decade, the actions of extremist elements continue to remind us that the lessons learnt by the events of 5th November 1605 cannot be forgotten just yet. Furthermore, we must also keep in mind that our institutions, that we have worked so labourously to establish, may have structural inadequacies, but at this stage, their complete removal will be an unthinkable price to pay. Instead, we must look to strengthen these institutions and reform them from within.

 Submitted by

Ishaan Ajay

Second Year IPM Student

WHEN IN ROME KNOW WHAT THE ROMANS DO

                Every one soon or late comes round by Rome.- Robert Browning

    Taking into consideration two hypotheses – 1. Robert Browning knew what he was talking about. 2. It is true when they say, ‘When in Rome do as the Romans do’ – this article is of great value to one and all. We Indians travel abroad in the search of pretty landscapes, sophisticated homo sapiens and spic and span thoroughfares.  As far as Rome is concerned one might not see the last of the aforesaid expectations coming true. An Indian tourist will feel very much at home when he encounters innumerable cigarette butts adorning the pedestals and a number of active smokers around to insure the continuous supply of filth. We safely assume that being a country in the west is reason enough to have a relatively honest gentry and administration ,but defying all such assumptions emerges Italy with equally if  not more corrupt officials than India (another reason to feel at home). The very fact that the driver of the taxi I was travelling by, evaded a speeding ticket using nothing but a crisp €10 note made me feel like I had never left home in the first place

The Italians take their food very seriously (all the more reason to like them) and Italian Cuisine is one of the most popular in the world but if one thinks that ordering pizza, pasta or lasagna from  your nearest Domino’s or Pizza Hut makes one a connoisseur  of Italian food , one might want to reconsider. There is a good chance that the distinctive taste and smell of  extra virgin olive oil doesn’t go down well with us vegetable oil eating lesser mortals , also if one of the many ‘pure vegetarians’ from India find their way to Rome they might find themselves eating a measly piece of flat baked bread with only copious amounts of a cheese of their choice to give it the appearance of a pizza. For all those foodies who might have a slight frown appearing on their visage in the last two minutes or so, I come bearing good news. Rome is not only popular for the  quintessential Italian food but also the mouth watering gelato, and I have never met a sane individual who doesn’t fall in love with this little scoop of heaven in the first bite(yes, I did make a statement doubting the sanity of all the gelato haters out there ).

Ever wondered why Don Corleone was Italian? Or why all Hollywood flicks from the 50’s and 60’s had that one Italian mobster? The answer to both these questions is that Italy , and in particular Rome, has been the hub of organized crime for decades now. The working of the mobster network in Rome and other parts of Italy is so efficient that studying it can be a lesson in supply chain management for professionals. It is possible that one might be standing inside the Coloseum listening to the guide rant about how the gladiators lost all their citizenship as soon as they became slaves, and end up coming out having one’s own passport very artfully slipped away from one’s pocket. One of the fellow travelers on the flight from Delhi to Rome narrated how a friend of his, waiting for his train at the Rome Termini Railway Station, took his eyes off the luggage for  not more than 10 seconds to pick up a pacifier that had fallen out of a perambulator when he realized that all that remained of his luggage was his water bottle.

All said and done and all sarcasm aside , Rome continues to be brimming with an rich culture and history. It is one of the few cities where you see imposing monuments from the pagan and the Christian era, all on the same street. As far as the Italians as concerned, they are a fun loving and easy going people who like to live each day like there is no tomorrow. Rome has its flaws, like any other city in the world , but none of them should deter a travel enthusiast to venture into this mesmerizing city and decide for themselves ‘What Romans Do’.

 Submitted by

Ritika Kohli

First Year IPM Student

Suicide Note

We don’t value little things in our life and “Dude I just want to die!” is passed off as a casual remark. These suicide notes show how ABSOLUTELY RIDICULOUS the inside of our heads sound every time we contemplate this. (This is just a social experiment)

Dear friends

Life is so unfair! I have not eaten dinner in like five days! And I go to gym daily. Still I gained 0.35 kg.

Don’t have dinner in so long, and then on my cheat day as soon as I eat chola bhatura, I gain 0.35 Kg! Like, how is that even possible!

It’s not worth it any more. I don’t want to live like this.

Bye guys

Gym sucks

I quit

Signed, Kamala

PS: I am going to eat pizza and all the other food I have been avoiding since so long before I cut my wrist.

 enddd

Well, dear world, this is it. The end of the line, the last stop, the final whistle. And the great revolution has not come to pass. We still care for the poor, the sick and the needy, we provide them with jobs and healthcare and allow them to vote (yeah, what’s up with that?). We treat women equally?  Our ancestors didn’t oppress them for nothing, and what’s worse we can’t even discriminate against them openly. And  even worse, we’re actually providing a more level playing field. I simply can’t carry on in this increasingly fair world. So I take the way of the bullet through the brain.

PS: Commies Suck

Signed, Anirudh

 enddd

 I opened my eyes and saw it; the reason behind this madness, behind my death.

It was a cold winter morning and I froze in my bed as I stared at it. It just looked back at me, into my eyes, into my soul.

I couldn’t bring myself to get up to look at it and see how it felt so out of place, so wrong. But being the freezing winter morning that it was, I couldn’t get off my warm cozy blanket either.

I shut my eyes shut so that I wouldn’t see it, moving slowly, slipping down from my study table, white and cold.

Tears streamed down my eyes as I saw it slip down at last and land right beside my bed. I knew I had to control myself, my emotions. I then saw another one of those things slip now. And another.  And another. My lethargy bound me to my bed, where I lay down and stared at those things. They kept coming closer and closer to me.

They made me furious. Tears of anger streamed down my face now.

How could this be happening to me?

How could all those papers simply slip down the table after I arranged them so perfectly well last night?

I don’t think I can take it any longer. I give up.

I’m sorry.

Goodbye.

Signed, Madhulika

 enddd

My bag got lost during IRIS.

Life has become difficult without it.

People have also begun to notice. They ask questions I have no answers to.

This life sucks. No bag can take its place.

I have read all the lost and found mails since then but noone has found my bag…

I even considered holding a bag hunt like Hardik but, thats so stupid….

I’m coming bag, I’m coming…

Signed, Bijoy

 enddd

I have tried too hard to make this work. But no matter what I do, I’m never able to complete on time. I have asked Philip to work so many times but look how that turned out. Here I am, forcing people to write their own suicide notes.

I dont think it is worth it any more. I’d rather just be dead.

I leave my books to Kamala

I leave my Art supplies to Madhulika

I leave my bookmarks to Anirudh

I leave this blog to Philip

Goodbye

Cheers! 😉

Hiral

enddd

If you have any mundane problems that are bothering you, write a suicide note and send it to us here!

Submitted by

Hiral Arora

Second Year IPM Student