When the watchdog did not even wisper

It is a disgrace that the media (the 24 hour news channels and most of the newspapers) are sensationalizing the issue by focusing on Rajus only instead of getting into investigative mode like how he could carry on with the big scandal clandestinely for this long, who are all hand in glove with him and who could be the real or equally responsible for the crime. Let them focus on these and not in telling the food he ate, the cloths he wore, the news paper he read there in the jail. 

 

It is a mockery that the PWC claims that they have followed auditing standards.

(as seen in Reuters and some other websites). Any auditor or even his assistant can find out that the fact they see and figures that were given to them were not matching.  How come the most acclaimed, Internationally repute and one of the Big4 auditing firms(including Aurther Anderson one of big 5 before Enron episode) still maintains that they have done a fair job. Or are we going to have only Big3 after this episode?

(Auditors are called as watchdogs, hence the heading!)

 

Now everyone will conveniently try to wash their hands as if Ramalinga Raju is solely responsible for the crime, where as there are many others like PWC involved in cheating the whole world. Now focus is getting shifted to make it look like more of a politician’s scandal accusing Chandra babu naidu for giving Concessions, Land Allotment, et al and they will come out with more also. It is understandable that the CMs accommodate the flag ship, most prolific company of its state enough concessions, waivers, tax holidays to make it to perform more by expanding their operations, because it brings in economic and social benefits. It has to be recalled that IT sector all over India was having aggressive growth. He is tainted or not, but Naidu's concessions are quite understandable at that stage. Now that the congress is at the helm in the state as well as at the center, it will become even more convenient for them to direct the case in the way they wanted.

 

We have seen so many cases in the past in India and let us wish that the justice prevails at least in this case because the Indian business integrity is in question.  

 

 

Few innocent questions on Satyam's fall out

Some big bad news was always on the cards from Satyam after it failed in convincing and concluding the Maytas deal. Ramanlinga Raju's reasoning was not quite convincing and probably he would have seen the deal through had he told the real reason(pun intended) for that take over and 'diversification'. Some of the questions which every common man now has :

1. After his explicit letter acknowledging criminal offence, why cant SEBI arrest or at least detain him in India. If press reports are to be believed he had flown to US from Hyd airport(He will be received by the US police is a different matter since Satyam shares are listed in Wall Street). Why do SEBI give enough time?

2.It is not Raju alone who drafted, submitted & published Balance Sheets. There are many who would be involved in finalising the 'numbers' , chiefly its Statutory Auditors and CFO at least. Why cant they be made answerable now Why is the media is spelling only one name?

3.The publc believes only the stamp of auditors and in this case the statutory auditors are the most prolific PWC. How far thier audited results can be trusted in other cases?

4.Why cant SEBI think of halting further transactions of shares if the scrip rise or fall say beyond 10% in a particular day. This will avoid major and unexpected fluctuation in a single day. This will save the company's interests too to some extent apart from many investors.

hmm...

Like many I too wish some one takes over Satyam. Wish it shines again and regains its old glory.

How to prepare Filter Coffee (Kumbakonam Filter Coffee)

Hey, it is simple to prepare an instant coffee. But when it comes to filter coffee, many falters. The filter coffee is often called as Kumbakonam filter coffee.(also called 'degree coffee') There are many things involved which are simple but vital in the end when you sit and sip the coffee. Elders used to tell that the taste at one's house can be judged based on the taste of the filter coffee served. Here is the method where one can make the authentic filter coffee in its original taste:



Required :

1.Coffee powder- four spoons for three tumbler coffees. The best blend is feebary with 10% chickory mixed), when you buy 250 grams, ask them to mix 25 grams chikory in to it. The coffee powder should always be kept in air tight container.

2. Coffee filter, a small sized is preferred or medium sized is just ok.

3. Fresh Milk(should not dilute it with water). If cow milk is available, it is ideal.





Prepare the dikokshan(is the spelling correct? :-)

Boil 3/4 tumbler water and boil it very hot.

when it is getting boiled put four spoons of coffee powder into the filter. Put them loosely, scattered and evenly. Do not press the powder by any device.

Once the water is boiled very hot, pour the water into the filter very very slowly and across. One should not put it from distance, one should not pour in a single place. It should be very slowly poured into the filter evenly.


It will take about five minutes to get the dikokshan.

Boil the milk:

Boil two and half tumbler of fresh milk approximately after three minutes. The milk should be a fresh one, ie i should not be a reheated one or old milk.

Prepare the coffee:

Take a vessel(preferably ever silver sombu) with small mouth which should have the capacity to hold 3 -4 tumbler of coffee.



Pour the milk in the vessel, check the filter that there is no water left but only the wet coffee powder is there in the upper portion of the filter. Then open the lower portion of the filter and pour the dikokshan into the sombu where the hot milk is already being put.



Now add three spoons of sugar and it should be mixed by pouring in and back into tumbler approximately three times.



Now the hot Kumbakonam coffee is ready to be served. Serve preferably in ever silver tumbler and dabara. Pour into tumbler from such a height where little foam is created on the tumbler and coffee should not be visible but only the little foam layer on top of it.


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Common mistakes which people do and end up with bad coffee:

1.Using old dikokshan. It has to be noted that the dikokshan should be fresh and should have been prepared at that time only. Never prepare coffee in a refrigerated dikokshan

2. The milk should also be a fresh one. The reheated milk will not give a better result.

3. Both hot dikokshan and hot milk prepared separately as mentioned about should be mixed and never heat or reheat a coffee after mixing.

4. Once dikokshan is taken out of filter, don't put more hot water and get more dikokshan.