Action and not words!

Well, after 26/11 terror attack we saw many states and center too talk about many many measures which they plan to take. There has been talks of Police reforms, National Investigative Agency, NSG in all four metropolis, special law against terrorism... blah blah blah !!

Check out http://www.ndtv.com/convergence/ndtv/mumbaiterrorstrike/Story.aspx?ID=NEWEN20080077276&type=News
"Railway Ministry has allocated Rs 60.76 crores for procurement of modern security related equipment to be used by RPF. Besides AK-47, the railways will also procure modern security gadgets, such as INSAS 5.56 mm rifles, SLR 7.62 mm, carbine 9 mm and auto 9 mm pistol.
"A training exercise is being carried out in Bahadurgarh for the RPF men to handle these latest weapons. The training module has been prepared keeping the changed security scenario in mind," said the official. "

I like Laloo's rustic intelligence; He is not just talking but reform is happening right now! Budget allocated for weapons, training is already on the way!

I like it.

Satyam calls off Maytas deal on -ve mkt reaction

Well, one interesting report which points to a 'system' working! At the same time I just cannot understand how Mr Raju thought he could get away with robbing his flagship company to feed his sons companies! Ooops I am wrong; a public limited company is NOT Mr Raju's company; He just happens to be its Chairman! The cash in company is NOT his to give away to his relatives!

http://www.moneycontrol.com/india/news/business/experts-decry-satyam-maytas-deal-call-it-unethical-/371198
http://news.moneycontrol.com/india/news/business/govt-to-look-into-violationssatyam-maytas-imbroglio/17/05/371316
http://in.reuters.com/article/businessNews/idINIndia-37080020081217

More than anything I am happy to know that system was in place and it worked and the deal had to be called off; more so it would not have gone through any ways. Now they are also under scrutiny of the Ministry of Company affairs for probably violation of Company Act. The Institutional investors may also push for change in company's board too.

Good!