DR. NIMAIN CHARAN BISWAL

  IT IS HIGH TIME TO THINK OF A " FUEL PRICE STABILIZATION FUND" IN INDIA   Today, on October 30, 2021; the Petrol Price has reached at Mumbai almost Rs 115/- per litre, at Bhopal Rs 118/-per litre, at Bangalore Rs 113/-per litre, at Delhi Rs 109/ per litre and at Hyderabad Rs. 113/- per litre, few paise + or - (plus or minus). Even in Ganganagar District of Rajasthan the Petrol Price has reached Rs. 121/- per litre.  The Diesel prices have also reached the close vicinity. The Price details of today are published in the articles of media cited below. Definitely these are sky rocketing fuel prices.  Let us accept the realities as without abusing anyone in bad language who says about high prices of Petrol and Diesel. It is always prudent to find a solution to the problem and not to suppress the problem by shouting or applying any force. Now as on 30th October 2021, the Brent Crude oil price is USD 84 per barrel approximately and this is the situation. If th...

  "ALITALIA" CHANGES TO "ITA" (NATIONALIZED TO NATIONALIZED ) EFFECTIVE OCTOBER 15, 2021 This is a story comparable to AIR INDIA ( even Alitalia was worst than Air India to say ). A new beginning in the World, very interesting.  Alitalia, the National Carrier of Italy is changing to a new name ITA by launch of a New Nationalized Company named "Italia Trasporto Aereo (ITA)", which is taking over the Alitalia effective from October 15, 2021.  Do we have scope for a learning here and take clue for us in India in National Interest ? Italy, a developed country, did not want to lose its National Carrier. Under pressure from EU Regulators and European Union, they formed ITA a new Nationalized Company and are transferring Alitalia to ITA from today, the October 15, 2021. Later Alitalia Brand will be transferred to ITA or not is a question mark right now, however ITA will use all Operational Infrastructure, Systems and even Flight Codes of Alitalia, the operational...

  THE MYTH OF SUNK COSTS : THE MANAGERS OF PRIVATISATION MUST BE CURED OF THE DISEASE OF "WRONG NOTION OF SUNK COSTS " OTHERWISE THEY WILL RECOMMEND BY THEIR DATA  EVEN FOR SALE OF THE WHOLE NATION..... I am really quite pained to see the way the information and data that are being presented for Privatization of National Assets in India; it is really difficult to digest as a Professional…. The Government Managers who are handling "Privatization", first have to be cured of the Disease of "Wrong Notion of Sunk Costs". Otherwise; they are bent upon doing Disasters for the National Assets and if accepted this way; one day they can even recommend for the sale of the Whole Nation… The "Sunk Costs" have to be always compared with "Utilities Derived " for the reference period ( may be material, may be non-material, however, if Sunk Costs have to be considered it has to be done after valuating it ( Utilities Derived ) in some way to make appropr...

  WHAT I FELT WHEN IN THE WHOLE OF MEDIA  A BUNCH OF TYCOONS, HONCHOS AND BIASED-ECONOMISTS OF OF INDIA  WERE REJOICING FOR SALE OF "AIR INDIA" TO TATA : ITS LIKE SELLING THE UTENSILS OF OUR INDIAN NATIONAL KITCHEN .....SAD....VERY SAD… Two days back, in the Whole of Media a bunch of Tycoons, Hunchos and Biased-Economists have rejoiced on Sale of "Air India" to Tata. While a bunch of "Tycoons and Hunchos" and "Biased-Economists" were rejoicing all around in the media for Sale of "Air India" to Tata and may be in their offices and homes, I was : VERY VERY SAD. Because, I felt as if the "Utensils of our Indian National Kitchen" were getting sold. It was so sad for me...... When the Utensils of our Kitchen gets sold how do we eat ? Eat on the Floor or borrow an utensil from somebody ..... Will the 2-AIR INDIA ONEs bought at a Price of Rs. 8000/- Crores go to TATA or stay ? Let it also go to Tata why not ? Every time when ...

CRUDE OIL PRICE HAS JUMP CROSSED USD 80 PER BARREL: ENOUGH WARNING SIGNAL FOR INDIAN ECONOMY  Crude Oil Price has jump crossed USD 80 per Barrel now, that is a lot of warning signal for Indian Economy. We (at India at National level ) enjoyed the downward price Spiral of Crude Oil as a wind fall, when it had gone as low as USD 40 per barrel after 2014; there was a great saving estimated to be more than Rs. 20 lakh Crores, (Indian Rupees 20000 Billions) in last 7-years and we spent this saving even if in our expenditures, while the Indian Consumers continued to pay the same and higher prices of Petrol and Diesel ( Hydro-Carbon Fuel Prices ) compared to pre-2014 levels, in simple terms we used/consumed this savings. If the Crude Oil Price crosses just USD 20 per Barrel more ( if it becomes USD 100 per Barrel to say), as it is already on a cyclical Upward Spiral and it is but global economic phenomena without choice, there will be enough sweat for the Indian Economy. The Governments (...

  I BELIEVE THE FARMERS' PROTEST PROBLEM CAN BE SOLVED THE WAY THE KONARK TEMPLE PROBLEM WAS SOLVED ( AS PER THE LEGENDARY STORY OF KONARK TEMPLE ) I am writing this post which is a Real Life Case [ originally written for my fraternity -the IRMA (Institute of Rural Management Anand) ] Community ( the Alumni, Students, Faculty and Staff of the Institute ) which I consider an important intellectual community of the country (India) to play in many National Issues of Importance, please read with patience and consider it judiciously (and please no one should scandalize it in any way) it is a real life case, think about it : THE LEGENDARY STORY ABOUT THE SOLUTION OF THE KONARK TEMPLE'S PROBLEM : The famous Sun Temple at Konark (Odisha) [ considered as one of the Wonders of the World heritage ] was being built by "King Langula Narasingha Deb" and 1200 Sculptures were building it for 12-years. None of the 1200-Sculptures were able to complete the finishing part of the Temple ...

  KURIEN DESERVES GREAT CONGRATULATIONS IN HIS CENTENARY YEAR 1921-2021 : NEW NATIONAL CO-OPERATIVES POLICY EXPECTED SOON IN THE LINES OF "AMUL" In the National Co-operative Conference held at New Delhi yesterday, the September 25, 2021 Saturday, it has been announced that there will be a New National Co-operatives Policy ( for India ) which will be released soon and it will be in the lines of "Amul ". It is reported by most of the main-stream media and electronic media, today. If the New National Co-operatives Policy will be done in the lines of "Amul ", it will be definitely a great Recognition of Dr. V. Kurien who held the " Co-operatives Fort " during whole of his life time. The Great Man Dr. Verghese Kurien ( Dr.V. Kurien ) deserves Great Congratulations for the New National Co-operatives Policy that is expected in lines of "Amul "in his Centenary Year 1921-2021. [ Dr. V. Kurien or Dr. Verghese Kurien, is popularly known as the ...