Practical Thoughts

Life Should be Easy

Sunday, April 29, 2007

New Strategy for IT companies to fight the Stronger Rupee.

The strengthening rupee is a cause for concern for all of us in the Indian IT industry. I am no economist or an MBA to comment about this but I feel the companies might resort to paying employees in US Dollars soon to offset the loss.
I see some options here for the companies that might benefit them

1) Bring in a US Dollar component into the employee's salary. It would be paid out in Rupees but against the prevailing dollar rates. This would hedge the risk of a strong rupee and minimize the amount of Rupees being paid out as salary

2) In line with government regulations, the IT companies could buy dollars from the markets and pay the employees in rupees. They would use their internal resources to convert these dollars to Rupees. The perceived benefits would be
a) The benefit as stated in Point # 1
b) With IT companies buying in the dollars, the demand for it would go up and thereby it would be costlier which indirectly benefits the IT companies.
c) The cheaper dollars would be useful in funding the million dollar acquisitions that these companies are anyway planning.

Whatever be the case, the strong Rupee is a cause for concern for IT companies who are now paying humongous salaries to their employees based on their Dollar revenues. Now they will have to shell out more dollars to pay these salaries.

Thursday, April 12, 2007

Interview or GD
I was trying to file my tax returns for last year and contacted a desi company whose expertise was in helping H1/L1 guys in filing returns.
They have this process whereby they interview you. So I had to schedule this interview with them. I chose a time of my liking and I got a message from their site

Thanks for choosing our services.
Bonda Naga Venkata Sunita Kumari will be calling you...

My cube mate looks over my shoulder and says "You will be interviewed by 1 person or 5 people?"
I said I doubt if this is an interview or a Group Discussion !!!

Saturday, April 07, 2007

If Eklavya existed in 21st century

We all know the story of Eklavya from Mahabharath. I was wondering if Guru Drona and Eklavya existed today and Drona asked for Eklavya's finger, this is what he would get..

Sunday, April 01, 2007

One Yakka and another Yucka !!
Take a look at these pictures...they could be long lost brothers.
One torments the best batsmen in the world and the other an entire nation.

Lasith Malinga

Sanjaya Malakar

PS: Just Added

Some basketball player called Joakim Noah in US also looks like Sanjaya Malakar.