Rupees Are Worth A Lot These Days

rupee.jpgI’ve been watching with a mixture of excitement and unease this past year as the Rupee has edged up on the Dollar; earlier this spring, the Rupee/Dollar ratio reached close to 40:1 (right now it’s dropped back to about 41:1). Now, I understand this could have all sorts of implications for the Indian economy, some good (it’s a sign of a strong economy) and some bad (it could discourage foreign investment) — but I’d better leave it to the economists in the house to sort out “what it all means.”

What I’m interested in today is an entirely different kind of Rupee inflation, specifically the repurposing of Indian Rupee coins in eastern India. BBC reports that 1 Rupee, 2 Rupee, and 5 Rupee coins are being melted down and turned into razors, at which point they are smuggled into Bangladesh:

Police in Calcutta say that the recent arrest of a grocer highlights the extent of the problem. They seized what they said was a huge coin-melting unit which he was operating in a run-down shack.

The grocer confessed to melting down tens of thousands of Indian coins into razor blades which were then smuggled into Bangladesh, police said.

Our one rupee coin is in fact worth 35 rupees, because we make five to seven blades out of them,” the grocer allegedly told the police. “Bangladeshi smugglers take delivery of the blades at regular intervals.”(link)

The problem is worst in West Bengal and Assam, which border Bangladesh. The BBC article describes some of the details of the problem — touts who buy coins operate with impunity right in front of the Reserve Bank where new coins are issued. And the coin depletion problem persists, even though the Mint has now reduced the metal content of the coins. (You can see a nice group of diagrams describing the constitution of the coins at the RBI website. 1 Rupee coins are made from stainless steel, while 2 and 5 Rupee coins are made of a copper-nickel alloy.)

Normally the metal in coins is worth less than the cost of melting them down and turning them into something else; it has to be that way, for the system to work. But apparently that’s no longer the case in eastern India. Indeed, unless the market in razor blades made from Rupee coins becomes saturated, causing the price of razors to drop, I can’t see how or why the current black market in coins should lose steam. Continue reading

Maybe a DC Meetup This SUNDAY? [Updated]

Meetup Madness at Amma.jpg

[Instead of Saturday at noon, the meetup will be on SUNDAY at 12:30. It is still at Amma. Please be noting date and time change– thanks. :)]

But first, a rushed write-up of what went down last time:

  • Icebreaker: The battle of the Jessicas- who is hotter, Alba or Biel? There were two poultry-submitted abstentions.
  • Adorable Munish changed his vote when he realized he was, in fact, supporting an Alumna of Seventh Heaven: “I thought you meant the woman from Flashdance!”
  • Once we started playing, “Who has the tiniest apt” after one of you suggested having meetups in our homes, Jay said we should have used THAT as the icebreaker—“Hi, I’m ___ and I have 400 sq ft!”
  • It was the reverse of our college years– Southies Reprazent!
  • There was a minor TamBrahm crisis when we discovered that Amma had run out of vada, for the first time in nine years.
  • I was smacked. Thrice. By our waiter. You can’t put a price on that kind of abuse.
  • Two of the above three spankings occurred as THIRTEEN more people than the sixteen we expected showed.
  • Once we ran out of table space: “Start sitting on laps. Sigh. I guess I’ll begin.” Plop.
  • What is UP with the lack of RSVPing, meetup-crashers: “This isn’t a wedding, people!”
  • Murthy’s Law: Next time, we should reserve the entire restaurant. That way no one will show.
  • We actually had to turn people away, for lack of space. 🙁
  • Can’t make it to the bathroom to wash your hands? Use the “Indian Faucet” a.k.a. a poorly-approximated finger bowl via drinking glass
  • Subcontinental Drift (we love you!)‘s MySpace page might induce seizures.
  • Me to Jay (of the blog Weaselplasty) “All our friends are apparently stand-up comics (and they performed at SD)”
  • Said one, “Tortoise porn is available on YouTube.” Said the Terp, all dismissively, “I know about THAT”, as the rest of us exhibited the proper reaction to that statement, which is shock and horror.
  • One attendee confessed that while this meetup was fabulous, they had “hobbit envy” about Houston.
  • Library Science: it gets no respect
  • Second Best line of the meetup: “Why are men always giving me money and then leaving?”
  • A Tamil girl who was raised in Bombay tried to reconcile her identities by saying…she was like a “paneer dosa”
  • Paneer Dosa has said she will be at the June meetup; that way you can mock her for her metaphor in person! 😉
  • I ordered two Salt Lassis and four Madras Kappis.  I received ONE Madras Kappi.
  • Lemon Rice for me, dosas for EVERYONE ELSE
  • Best line of the meetup: “Your picture on Shaadi.com was so much better!”
  • More on Sunny Leone and the greatness of snuff films.
  • Despite our most obnoxious attempts to be porntastic in order to clear the restaurant, so more of us could be seated, the packed place wasn’t bothered at all by our antics. Contrast this with Heritage India, where we sent them screaming out the door. It would appear that South Indian families are immune to our offensiveness. 🙂

Now, after reading the merriment-filled minutes of our last meetup, who feels like getting together again for more? 🙂 I’m craving dosa and you, well, after I published this post, I learned that you are ALL craving dosa, ALL the time.

WHERE: Amma’s Vegetarian Kitchen, 3291 M St. NW, Washington, DC 20007, 202-625-6625

WHEN: SUNDAY, JULY 1. 12:30 PM.

WHY: Because you nosy little monkeys want to pepper me for non-existant gossip about the Mutiny.

Think of it as a post-Subcontinental Drift “survivors’ brunch”. Kill your hangover with Madras Kappi and Rasam! 😀

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As for New York…Maybe mid-late July? 🙂

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San Francisco? End of August, we’ll keep you posted. Continue reading

Summer is finally here. We’re going fishing.

…but we promise to throw back the fish and not hurt them for real.

Folks, we have been writing on this blog and ruining your work-day productivity for almost three years now. We’ve had over 8 million visits, 4500 posts, and 143000 comments (all moderated by a single intern who is just not looking too good these days). Most of us are totally and completely burned out. We have been cooped up in our North Dakota bunker for so long now that we don’t even know what an i-Phone is. This is no way to live. It isn’t even fit for our monkeys. Some of us really need to take a break and get out and see some action once in a while (errrr…by which I mean play sports and go on vacation or something).

You may have noticed that the number of posts on SM have decreased in frequency over the past couple of months as everyone takes a bit of time out for themselves. This slow burn will continue through the end of the summer. We might bring in some new faces and lose some old ones but the Mutiny is not dead. Our new site admins are also working on more community-based features and on ways to make the News Tab more interactive by allowing commenting and ranking of stories there.

Enjoy your summer and please say hello if you see any of us outside of North Dakota on our walkabouts.

Continue reading

Kingfisher Airlines — coming soon to the U.S.

I always find it a little suspect when people try to do novelty airlines, maybe because I’m one of those paranoid people who, even after years of flying and hundreds of flights, still routinely thinks “We’re all going to die!” at least two or three times on any given flight. Thus, I will never fly the now-grounded “Hooters Air,” even if it does come back. (Guys, keep your eyes on the… cockpit? please?)

Kingfisher Airlines might end up as a better bet, but as might be proper in an airline that emerged out of a beer company, if I do ever fly with them I’ll still probably feel compelled to smell the pilot’s breath before I take my seat. Apparently, Kingfisher Airlines, one of India’s newer domestic carriers, has signed a deal with Airbus to buy several jumbo and superjumbo planes, with an eye to entering the international market. The move is part of a general boom in international travel to India (which has been up by about 40% this year alone).

The New York Times article about the event spends as much time talking about the lifestyle of Kingfisher’s flamboyant CEO Vijay Mallya, as it does considering the economic viability of the venture (they do note that Kingfisher Airlines has yet to turn a profit as a domestic carrier in India):

Mr. Mallya personally is the sort of unfettered corporate czar that many American boardrooms have not seen in at least half a century. He surrounds himself with a close group of longtime advisers, wears copious diamonds, holds business meetings at his house until 5 in the morning, winks at female journalists and flaunts the “good times” corporate motif in most aspects of his life.

At home, a Mercedes, a Ferrari and a Bentley are parked in his driveway. His ornate living room is filled with silver gilded furniture and art objects like a marble statue of a nymph-like woman, as well as a Picasso sketch. His CD collection includes dance, lounge and party music.

A group of largely silent young women clad in white deliver drinks, answer phones and clean up ashtrays. (link)

Kya baat hai. Vijay Mallya seems to be a mix of new-school Indian self-confidence and ambition (this is a huge endeavour), and a kind of old-school, “ladies’ man” absurdity that seems to have come out of some 70s Bollywood movie. Even the attractive female flight attendants are a big part of the company’s marketing campaign, which seems like an obvious Vijay Mallya touch (see this article).

In general, I have to say that Kingfisher’s “keep the good times rolling” marketing campaign simply isn’t appealing to me. From an airline I really want the boring things — professionalism, competence, and yeah, safety — not so much “party time.”

But is he perhaps appealing to a real demographic, one that’s a bit less stodgy and paranoid than me? Are people really going to fly Kingfisher “Good Times” Airlines to go to and from the Desh? Continue reading

Touchdown

Sunita Williams has returned safely to Earth after setting the record for the longest time in space by a woman.

Praying for a safe Earth entry

“Welcome back,” Mission Control told Atlantis. “Congratulations on a great mission.” Controllers praised the crew for providing a “stepping stone to the rest of NASA’s exploration plan…”

Astronaut Sunita “Suni” Williams returned to Earth on Atlantis after spending more than six months at the space station. She set an endurance record for the longest single spaceflight by a woman at 195 days. During her stay, she also set the record for most time spacewalking by a woman. [Link]

More cute pictures after the fold.

Continue reading

Another, More Tragic Namesake

…women are more likely to be killed at home by their spouse, ex-boyfriend, or some other intimate… [link]

That statistic was made in reference to this country, but I think I’ll be forgiven for wondering if it is applicable everywhere. SM reader 3rd Eye submitted a story to our News tab; it does not have a happy ending. It involves a couple named Shah Jahan and Mumtaz, though this Mumtaz wasn’t anywhere near as adored as her namesake.

Shah Jahan Ali, in his late forties, has been arrested on the charge of murdering his wife after he found her drinking with two young men at home late last night.
Neighbours at Dinhata’s Village I, who often joked about the couple’s names, said Shah Jahan suspected the comely, 30-year-old Mumtaz of cheating on him.
The murdered woman had one thing in common, though, with the Mughal queen remembered with the world’s most famous monument to love. Neither was born Mumtaz, both being given that name by their doting husbands. [link]

The victim, a divorcee, was born “Khaimala Roy”. She received her new name after converting to Islam, to marry Shah Jahan, her second husband. He sounds like a real catch:

The already married man would spent some five days a week with Mumtaz at Village I and the remaining two days with his first wife in Navina.
“I knew Mumtaz was a woman of loose morals. Still, I fell in love with her. I had told her there will be no affairs, but she didn’t listen,” Shah Jahan is believed to have told the police.
Yesterday, the youths had fled at the sight of him and the couple had then quarrelled through the night. The police said that in the early hours, Shah Jahan slit Mumtaz’s throat. [link]

Then, he went to his first wife’s home, where he was caught after Mumtaz’s family reported the heinous crime.

Shah Jahan punched a sub-inspector and tried to flee. After the police caught him, the villagers gheraoed the force and tried to free him. [link]

Can I get a hearty “WTF” for that last, bolded bit? I know, I know…a woman’s life is worth so little, especially when she smells like dishonor.

In case you didn’t know about the original Mumtaz:

Empress Mumtaz, whose real name was Arjumand Banu, too, was Shah Jahan’s second wife and the favourite among the nine he ultimately married. They lived in wedded bliss for 19 years before the 38-year-old Mumtaz, while delivering her 14th child, died in 1631. [link]

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Off Topic (and yet not, considering this suddenly bookish thread): I liked Mumtaz until I read The Feast of Roses. Then I found her annoying. Nur Jahan, all the way. Continue reading

But Tony, the President still likes Indians…right?

So a funny thing happened at the White House press briefing today. Yes. Of course. Our boy Goyal was at it once again. I recommend anyone drinking milk right now to put their glass down so as to prevent the milk from momentarily spraying out your nostrils. Here we go:

Q Tony, two questions. One, there is disturbing news, and the Indian American community is very angry that Senator Obama and his campaign has been calling the Indian American community taboo and other names, calling names, and all that because of the relations with the Clintons, President Clinton and Hillary Clinton. My question is, how does — what does President think about the Indian American community and his relations with the Indian American community?

MR. SNOW: Well, the President, obviously, is proud of our — the growing closeness of the United States and the Indians. Not to be holding a brief for Senator Obama, but I don’t believe that he made comments of that sort. I do believe that was a staff comment for which he issued apologies. But having said that, it is important to realize that the United States looks upon India as the world’s largest democracy, as an important and vital ally in a whole host of things — regional security, global trade, climate change. I mean, the role of — the importance of India is not to be understated. And we are certainly glad that the relations between the nations continue to draw closer. [Link]

I am trying to wrap my head around this one. I mean, why would the White House have an official position about what an Obama staffer wrote about Sen. Clinton? Is this what reporters assigned to a scandal-plagued White House really want to know about? Then it just gets even funnier:

Q Second, just on Sunday I was in Washington, here at the Verizon Center, over 20,000 Indians, mostly Hindu, gathered together there. And their message was peace and unity, internationally and here also. The question is here that President has gone to all the denominations here, but never to a Hindu temple. And he goes to church, I go to temple, but he is a religious man, so am I. What my question is that this weekend —

MR. SNOW: You want to know if he’s going to go to the temple?

Q This weekend there is a grand opening of Hindu temple in Adelphi, right on the beltway, if he can make it there sometime or —

MR. SNOW: I don’t think that’s on the schedule, and I think you do appreciate, Goyal, that Presidents don’t do casual drop-bys.

Q He has been invited.

MR. SNOW: Again, I appreciate the suggestion. [Link]

Yo, that would be tight if W did a “drop-by.” Any D.C. area mutineers going to be in Adelphi who can let us know? And for those still following the D-Punjab soap opera, Rediff got an exclusive with Obama today:

[Obama] explained that “I think what happened was that the people who were writing the memo thought that to quote back Hillary Clinton was clever somehow. They were wrong and I let them know in no uncertain terms that this was unacceptable.”

Obama acknowledged he had no idea about the document that was being circulated by some members of his campaign staff till the controversy erupted, when the Indian-American community was in uproar and his Indian-American supporters contacted his campaign expressing their concern. [Link]

Continue reading

When landlords get all up in your bidness

It’s bad enough when your parents hound you for being single and ask why you were out so late last night, but the Christian Science Monitor points to the double standard that single women renters face in India at the hands of their prospective (and over-protective) landlords:

It took Chiya Singh three months and seven real estate agents working in tandem to find an apartment to rent in New Delhi.

The problem wasn’t her credit history or salary. It was her status as a single Indian woman. The questions blocking Ms. Singh from a room of her own were a bit personal, she says. Prospective landlords wanted to know why, at age 29, she wasn’t married and why, as a single person, she didn’t want to live with her parents.

“It was an exhausting process,” Singh says, of trying to find her own place after she divorced. “I became a broken record. They asked ‘Why do you want to live alone?’ I said, ‘Um, because I think I’m old enough.’ “

That response usually netted Singh a cold expression and a vague “We’ll let you know” from the landlord. [Link]

Because, I mean…why would a single woman want to live by herself?

In India, “If you want freedom, it can only be for one thing – sex,” Singh says. “You want to tell them [landlords], ‘That’s the last thing on my mind. I think I’m old enough to take care of myself.’ But for the landlord, it becomes an issue of respectability.” [Link]
Continue reading

Obama Just Got Less “Brown” Friendly

[UPDATE: Obama has now distanced himself from this memo. See Anna’s post from 6/18/07 for more details]

Today’s New York Times has a story (thanks, anonymous tipster) about the Clintons’ recent financial disclosures, and their decision to liquidate all their stock holdings. Fine; makes sense.

But what’s really remarkable about this story is the questionable anonymous memo issued by the Obama campaign in response to the Clinton disclosures. The memo amounts attempts to smear Clinton as being too friendly to India, and is laced with xenophobic sentiments and insinuations.It starts with the title of the memo itself: “HILLARY CLINTON (D-PUNJAB)’S PERSONAL FINANCIAL AND POLITICAL TIES TO INDIA.”

And it goes downhill from there. Obama’s campaign memo (read the whole thing) accuses the Clintons of a number of things:

  • They start out by stating that the Clintons own stock in an Indian company called “Easy Bill,” which is actually just a company that allows Indians to automate their bill payments. This is not a BPO type company, but a service for Indians within India, so one wonders why is this even included.

  • They then go after the Clintons for accepting speaking fees from Cisco (this is Bill) and campaign donations from Cisco employees (Hillary). Cisco may be more guilty than many software companies of dumping its U.S. based workforce in favor of cheaper Indian engineers in the early 2000s, but it’s nevertheless the case that U.S. high tech job market is in pretty good shape again overall — outsourcing hasn’t created the apocalypse that was feared. So this accusation is a little bit strange: I doubt that many Americans outside of Silicon Valley actively think of Cisco as an evil outsourcer.

  • They find fault with Clinton’s relationship with the hotel tycoon Sant Singh Chatwal, whose family has been discussed many times here at SM. Chatwal has organized two big fundraisers for her, netting a total of $1 million in donations. Chatwal also started “Indian Americans for Hillary 2008,” which ought not to be an issue (doesn’t Obama have South Asians for Obama hosted on his campaign website?). The Obama campaign’s memo underlines Chatwal’s various legal difficulties, general financial shadiness, and pending court cases, to make it all look like some kind of shady back-room deal. This accusation seems strange to me, since the fundraisers are completely legit, even if Chatwal himself is in trouble.

  • Finally, they quote Lou “Keep Em Out” Dobbs several times, as he mocked Hillary in 2004 for saying that “outsourcing cuts both ways” (as in, it creates some American jobs as well as sending others overseas). In fact, though her particular example of “10 new jobs in Buffalo” was a bit weak, Hillary was right about this: companies like TCS are opening up a number of U.S. offices, and more generally, the greater efficiency enabled by BPO helps keep American companies competitive on a global scale, and has, in my view, actually helped the U.S. economy. (All of Hillary’s quotes about “outsourcing cutting both ways” are from the 2004 campaign season, incidentally.)

So now the question is, how aware was Obama himself of the contents of this “anonymous” memo? If Obama doesn’t distance himself from the memo immediately, this macaca is going to be sending his moolah to “Hillary Clinton, D-Punjab.”

[UPDATE: Obama has now distanced himself from this memo. See Anna’s post from 6/18] Continue reading

How to Save A Life in DC + NYC — UPDATED

Remember Vinay? I blogged about him because he direly needs a bone marrow transplant and his best chance at finding a match lies with us. Unsurprisingly, several of you said you would step up and get swabbed, if only you had the opportunity to do so. Well, after throwing more meetups than any other mutineer, I know for a fact that DC has a TON of SM readers– now make good on your word to help.

You can even do so TODAY— look:

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THURSDAY, JUNE 14 – DOWNTOWN D.C.
4:30p to 7:30p
Asian American Justice Center
1140 Connecticut Ave., NW, Suite 1200
Washington, DC
Contact: DCdonorDrive@aol.com or Rachna at (202) 256-4326

Can’t make it? Live in the burbs? Try these:

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SATURDAY, JUNE 16 – LANHAM, MD
10:30a to 3:30p
Sri Shiva Vishnu Temple
6905 Cipriano Rd.
Lanham, MD
Contact: Aditya at aditya.raghavendra@gmail.com or (617) 872-0081
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SUNDAY, JUNE 17 – BALTIMORE, MD
9:30a to 5:00p
Greater Baltimore Temple
2909 Bloom Rd.
Finksburg, MD
Contact: Seema at indiaseema@hotmail.com or (949) 291-2545

5:45 PM UPDATE–

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Jane says (she’s done with Sergio) that a NEW YORK Drive commences in 15 minutes;

Hey in NYC tonite as well….
Public House
141 East 41st St (between Lexington and Third Avenues), New York, NY
Thursday, June 14, 6:00pm to 10:00pm

One of our longtime readers lost a parent to this tragic disease last week. Some of you know whom I’m referring to and if you haven’t already given a little bit of yourself, maybe this message from their family will move you:

In lieu of flowers, please help save a life and register with the national bone marrow registry or get someone else to register (www.marrow.org).

How many people whom we know and love must we lose before you register? Continue reading