Shootout at Wadala

Finally saw the movie "Shootout at Wadala" and then read the real story of Manya Surve on Wikipedia. too view the link click here The director has taken too much liberty with the real story, only some portions of the movie matches. The saving grace of the movie is Kangna Ranaut who has acted beautifully and also looks beautiful in sepia tinged 80s camera work. I thought some of our older gangsta movies like Parinda, Satya, Shool, Gangajal were much better than this one. There is not much content in the movie and for that reason the director keeps on doing slo-mos too frequently. Rubberband jaise kicha hai story ko!! John Abraham is sorely disappointing - he can't act to save his life. Shootout series without Vivek Oberoi??? – he is the man!!

Turbaned Tornado

This book "Turbaned Tornado" is a biography of the famous Indian marathoner who ran a marathon at 100 years, Fauja Singh. The writer Kushwant Singh is not the same famous Indian journalist and writer of the same name. It is a nice narrative of the early life of Fauja Singh, how he travelled to London after the death of his loving wife and started running marathons at the age of 89 when most of us would rather be more comfortable walking with a stick!! Fauja is an indomitable spirit and his farmers' genes help him in becoming a rare sportsman and brand ambassador more famous than some sportspersons three or four generations younger than him. His timing of 5.20 hours at the age of 94 is the stuff made of legends. Fauja Singh is truly a great sportsman of India and reading his biography is very refreshing.  

14 Hours - an Insider's Account of the 26/11 Attack

Just finished reading this book by Ankur Chawla - I had expected a gripping saga of the greatest attack on Indian soil since independence but not totally disappointed. He has tried his best to give a nice narrative account of his experience inside the Taj Hotel and succeeded also to some extent. It is obviously his first attempt at writing a book and being a young hotelier I will give full credit to his composure during the worst travail of his life. There are some genuine attempts at humour and it works very well. 

Business Responsibility Reports

SEBI is blindly following the SEC model for reporting and disclosures by corporates in India. Apparently they have mandated Business Responsibility Reports by top 100 companies as per market capitalization. These companies have to give BRRs if their financial years closes after 31st December 2012, which means practically all companies in the 2012-13 financial year bracket. There is a format for the BRRs and recently they have released FAQs on the subject. The earlier circular of august 2012 wherein SEBI introduced the concept of BRRs is available at this link here and the recent faqs is available here

The format is an inclusive format and I am sure many companies would give more information than is mandated and it is more in the nature of a check box kind of report. Some of the information asked for could very well be confidential information so it remains to be seen how corporates deal with it.

Some of the principles enunciated are very vague for eg. Principle 4 talks about disadvantaged, marginalised & vulnerable stakeholders. Really who are these kind of stake holders. There needs to be clarity in this regard. I feel they have blindly copied from somewhere without ascertaining whether these apply to the Indian market.

Annexure 2 of the August 2012 circular is critical as it enumerates the broad based principles on which the BRR is based. These are very ideal principles which if adopted truly by the corporates will lead to very little litigation and cause for concern. But unfair competion, disparaging advertisement, squatting on domain names, human rights and child rights abuses, trampling of employee rights are more the norm rather than the exception.

These principles should be adopted by all corporates in India and not only companies but all persons doing businesses in all forms whether as companies, or partnerships or LLPs etc.