Sunday, December 11, 2016

Demonetization - is it a path for the new emerging india or a costly mistake?

India announced on November 8th that the Rs 500 and Rs 1000 notes available in the country is no longer a legal vendor from the next day onward. The significance of the decision is that it formed 86% of the value of the cash prevailing in the country. One of the biggest problem with cash transactions is that it is not easily traceable. So the pitch made by the government for scrapping of  high denomination notes is to reduce corruption and black money. Lets analyse this in more detail.

For an emerging country like India where digital transactions forms only 14% of all the transactions this is a huge step. This goes well in promoting digital transactions however if you consider the fact that 60% of the population don't even have a bank account then you can imagine the work involved in making this happen. So demonetization in its true sense (scrapping of all cash) is definitely ruled out. So after removing Rs 500 and Rs 1000 notes the government in turn came up with Rs 2000 notes. So then you begin to wonder what is the use of this monumental exercise.

The dimensions of the Rs 2000 notes were altered that required re-calibration of all the existing ATM's in the country. That meant 2 lakh ATM's across the country had to be re-calibrated. Even after one month since the decision was implemented the country has to still live with rationing of cash (only 4000 per day in ATM and 24000 per week in a bank branch). The only reason for this change is the threat of fake notes. The fake notes were strikingly similar to the real ones. Only very careful observation one could make out the difference. Common man could easily be deceived by these fake notes. The magnitude of the problem can be gauged by the fact that this was seemingly being printed from other countries. So its not possible to stop the threat even after knowing where its originating from. So sooner or later this kind of move was expected from India to keep itself as a stable economy.

Obvious question emerging from this is why this was not implemented as a gradual process. Why India had to resort to scrapping of notes overnight instead of spreading it over say 6 months or 1 year. If say this was spread for 1 year then all the fake notes would have ended up in the hands of innocent people as the fake notes were so similar. This would have killed far more innocent people than 70+ that we are witnessing now. Could this have been a little slower like say 1 week or so? The answer to this is evident if you see what black money holders did in the 4 hour window when the notes were valid. They went and bought gold at exorbitant prices to hide all their black money.

Many private banks in a process to reduce manpower used to penalize people visiting branches. They disperse money as well as accept money using ATM machines. For eg. Citibank has only 2 branches in the entire city of Bangalore where it has thousands of accounts.

In the wake of demonetization drive the government restored to keeping track of the old notes that are deposited with the bank with complete ID proofs, PAN card details etc.  ATM's could not be used due to the requirement of re-calibration. Also ATM could not be used to accept old notes. This made everyone throng to the bank branches in huge numbers. Also the verification requirements made the entire process painfully slow.

Is this worth all the trouble as the common man seems to be inconvenienced in the entire exercise. This is used as a ploy by the opposition to stall the proceeding of the Parliament. I am here reminded of the quote by Chanakya - the greatest strategist / politician of all times "When all the opposition is up in arms against you then you can bet that you have taken the right decision". This is because if it is indeed a bad decision then all the opposition will keep quiet and allow to make the mistake. Only if they feel its a good decision that helps the citizens and effects themselves only then will they try to stop the decision.

Lets now try to analyse whats advantages and disadvantages of this decision. Some of the easily identifiable advantages is that it will eliminate fake notes for at least an year. It will take a minimum of one year for anyone to replicate the new notes having different dimensions. Till a couple of years back all the raw materials used to print currency notes all over the world used to come from only a handful of companies. This is dangerous if a country decides to print another countries notes. This has changed now with the new notes as the government is aggressively pursuing make in India. From the security standpoint this is a huge change as it will be easy to catch and punish people involved in making fake notes assuming it wont be easy to replicate the same technology elsewhere.

Thursday, December 31, 2015

Does Li-Wi have the capability to replace Wi-Fi?

Wi-Fi is used very commonly for accessing the internet. Now we are hearing of a new technology that is to replace Wi-Fi. It is also named similarly and is called Li-Fi. So what is Li-Fi? And does it have the capability to replace Wi-Fi in the future. Lets get to answer these questions.

First lets try to understand what is Li-Fi.

Li-Fi is the short form for Light Fidelity. It is a way to use light for communication. It proposes to use the visible light for communication instead of radio waves. This is the basic difference between Li-Fi and Wi-Fi. Wi-Fi is Wireless Fidelity and it uses radio waves that cannot be heard by human ear for communication whereas Li-Fi intends to use visible light for communication. 

Tuesday, July 30, 2013

software companies in bangalore by location

I am coming up with the list of software companies in bangalore by location. I might have missed many companies so please help me in updating this list.

Salarpuria Softzone:
National Instruments
Airvana
Akamai
Brocade
Isoft
Sonic wall
Movik
Careernet Consulting
Genpact
SAP
AT&T

Ecospace:
Accenture
Aditya birla maniacs
Broadcom
Bosch
Candence
Capgemini
Collabera
Harman
HP
KPIT Cummins
Intuit
Microland
Northern Trust
Symbol
Syniverse
NDS

Global Technology Park:
LSI

Vrindavan Tech Park:
Brocade
Cisco
Nokia
Sony
Talisma
Kadubeesina halli:

Embassy TechSquare:
InMobi
LG
Symphony

Cessna Tech Park:

Adarsh Prime Projects private limited
Honeywell
Subex
KPIT Cummins
Sasken
ConnectM
Photon Infotech

Prestige tech park:
Altair
Airtel
Aricent Group
JP morgan
Juniper
Radisys
Nokia
Oracle
PWC
Software AG

Salarpuria Supreme:
Ericsson
Blue coat
Delloite

Bagmane WTC:
Arm
Ciber
CGI
Emc2
Ericsson
Infosys
Mphasis
Samsung
Wells Fargo
Xentrix

Bagmane Tech Park:
Cypress Semiconductor
Cognizant
Dover
Dell
HP
Informatica
Juniper
Lenovo
Linkedin
Mphasis
Motorola
Novell
Oracle
Sasken
Samsung
Texas Instruments
Tecnotree
Volvo
Yahoo

Golf links:
ANZ
CSC
Goldman Sachs
IBM
Inmobi
Fair Issac
Fidelity
Mcafee
Microsoft
MiSys--
NetApp
PWC
Sasken
Vodaphone
Yahoo
24/7
Cushman and Wakefield
Digicaptions
IBM
Indegene
Leviton
Stylus Commercial Services
Sunquest Information Systems

Whitefield
Igate
ACS
Allegis
Arteria Technologies
Bally Technologies
Birla Soft
Bristlecone
Delphi Automotive
Defiance Technologies
Optimal Solution Integrated
IBS Software
Embitel Technologies
Infineon Technologies
Helios & Matheson
Inszoon Software
Laurus Infosystem
Galaxe Solutions
Netmagic Solutions
Nextedge Software
HP
IBM
Manhattan Associates
Molex India
Sharp Software
Sap labs
Siemens--
TCS
Oracle
L&T Infotech
Xchanging---
First American India
First Advantage Offshore
Infinite Computer Services
GE India
Genisys
Unisys
Sapient
Silver Atena
Quality Engineering & Software
Wyse
Wipro
Ascendum system

Manyata Tech Park:
Aditi Technologies
Alcatel Lucent Technologies
Andritz
ANZ
Cerner
Cognizant
Colt Technologies
Data Craft India
Fidelity
IBM
Larsen and Toubro Infotech
Mavenir
Monsanto Holdings
Nokia Siemens Network India
Northern Operation Services
Nvidia Graphics
Stylus Commercial Services
Target Corporation
Netscout Systems Software

Electronic City:
APC
Bosch
CGI
Defiance Technologies
Convergys
Genpact
General Electric
IGate
Intel
Infosys
Microland
Infotech enterprises
Mahindra Satyam
Happiest Minds
HCL
HP
Sourcebits
Sasken
Siemens
Tejas Networks
Timken
Wipro
Yogokawa Electric

Global Village Tech Park:
Mindtree
Magnasoft
Mphasis
Sonata

Others:
Amazon
Airbus
Aditi
Novellus
F5 networks--
Citrix
Red Hat
Webex
NTT Data
Aruba---
ESPN software
Valtech
Ittiam
Hitachi
HCL
Barracuda networks
Autodesk
SMSC
Smartplay
Syncronoss
Digibee
Cranes software
Comviva
mPortal
Mistral Software
Tech Mahindra
NXP--
Kelly
Xora
TRX technologies---


Diamond district:
Analog Devices
Convansys

Salarpuria Infinity:
Adobe
CDC
LSI
Trilogy
Artemis
Adaptec

Kalyani Tech Park:
Adaptec
VMware
Oracle
Objectwin
Honeywell
Trianz

Kormangala:

Infosys
Wipro
Toshibha
Siemens
Zenith Software
Tally Solutions
Mindtree
Flipkart
Logix Microsystems
Nous infosystems
Subex
Symantec
Mindteck
Tricon infotech

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