Very entertaining to see. The lighting the eclipse sets up during the course is amazing. A few photos taken during eclipse.
Wednesday, July 22, 2009
Solar Eclipse
Witnessed the Solar Eclipse today.
Very entertaining to see. The lighting the eclipse sets up during the course is amazing. A few photos taken during eclipse.
Very entertaining to see. The lighting the eclipse sets up during the course is amazing. A few photos taken during eclipse.
Monday, July 20, 2009
England's Victory @ Lord's
England's 1st victory against Australia in 75 years at Lord's. What a match!! Just then, I was interested in looking at the highest 4th innings scores. Bewildered by the 654 in 4th Innings by England against South Africa. That was a 10 day match!! In that stats page, the one placed second - 451 by NZ against Eng is another test match to be remembered for ages when Nathan Astle scored the fastest double century in tests, finishing up 222 in 168 balls.
Friday, July 17, 2009
Gtalk Status Messages - This week
இந்த காலத்து இளைஞர்கள் பாவம் எவ்வளவோ கஷ்டங்களுக்கு மத்தியில படிக்கறாங்க. அவங்கள safeஆ இவ்வளோதான் கேக்கலாம், இவ்வளோதான் கேக்கணும், இவ்வளவு கேக்கறதுதான் better. - http://www.youtube.com/watch?v=VC7z6ziXnqU
Econometrics is a mirage. You always think you have understood. But never! :-(
Strategically Manage Econometrics by Banking on Business Negotiations Invested in Valuing International Financial companies!
அடி, உதை, திருட்டுக்கும் Econometrics க்கும் ரொம்ப தூரம். - from மௌன ராகம். http://www.youtube.com/watch?v=VrRiCWZhXng
Saturday, June 27, 2009
Dollar Desam
I am reading a book - Dollar Desam (Tamil) by Pa. Raghavan (Kizhakku Pathippagam's). The story narrates the American History of the past 400 years. In a sense, the book is written in a antilogarithmic scale - only a first few pages are dedicated to the initial 200 years, around 120 pages to next 70 years, another 150 pages to next 40 years and so on. As the year becomes more recent the number of pages narrating the incidents also grows. It touches upon all major events and persons right from Independence, Abraham Lincoln, World Wars, Martin Luther King Jr., Watergate, Vietnam war, Korea War, Afghan War, Cold War between US and USSR, Gulf wars etc. Each President of US gets an introduction and character analysis. The achievements and blunders are elaborated.
But somehow I feel, the author compromised on the facts by trying to keep the book interesting. There are some very good masala sentences in the book trying to create interest for the readers to look for the next week (the book came as a series in Kumudham, I think).
The chapters about Osama Bin Laden are factually contradictory among themselves. Author says Osama's father expired in 1968 when Osama was already married and had just finished his degree in AbdulAzziz University and enrolled in another university. Taking Osama's birth year of 1957 into picture, the year 1968 does not fit. As per the book, the first meeting between Osama and Dr. Abdullah Azim happened in 81 or 82, but the next chapter says that Washington invited Osama and Dr. Azim to US in 1980 after the duo gained popularity. Further, after a few chapters, the author says Azim's first visit to US happened when Osama had already started his base in Pakistan (1986 as per the book). The author claims that Osama had murdered Dr. Azim because of differences in opinions - a fact which is not authenticated, yet.
Since, so many such contradictions happens in a span of few pages - I doubt the content in the other chapters too. Though, to get a broader picture the book may help - it is definitely lacking in the attention to details. One can read the book to get an overview of the important persons and events, but cannot vouch for anything in particular.
I hope the author and the publishers bring out better stuff next time.
But somehow I feel, the author compromised on the facts by trying to keep the book interesting. There are some very good masala sentences in the book trying to create interest for the readers to look for the next week (the book came as a series in Kumudham, I think).
The chapters about Osama Bin Laden are factually contradictory among themselves. Author says Osama's father expired in 1968 when Osama was already married and had just finished his degree in AbdulAzziz University and enrolled in another university. Taking Osama's birth year of 1957 into picture, the year 1968 does not fit. As per the book, the first meeting between Osama and Dr. Abdullah Azim happened in 81 or 82, but the next chapter says that Washington invited Osama and Dr. Azim to US in 1980 after the duo gained popularity. Further, after a few chapters, the author says Azim's first visit to US happened when Osama had already started his base in Pakistan (1986 as per the book). The author claims that Osama had murdered Dr. Azim because of differences in opinions - a fact which is not authenticated, yet.
Since, so many such contradictions happens in a span of few pages - I doubt the content in the other chapters too. Though, to get a broader picture the book may help - it is definitely lacking in the attention to details. One can read the book to get an overview of the important persons and events, but cannot vouch for anything in particular.
I hope the author and the publishers bring out better stuff next time.
Monday, June 15, 2009
Budget Class Room
Yesterday, I participated in a pre budget discussion to be aired in Zee Business channel. The program titled "IIML Budget Class Room" will be telecast sometime in the next week. The agenda was to identify the top 5 challenges that our finance minister has to tackle and propose solutions for the same. It was not a free-flow discussion as the anchor co-ordinated and directed the course of the discussion. We put forth many issues right from infrastructure, health, education to energy and security.
Catch it up on TV.
Catch it up on TV.
Wednesday, May 20, 2009
CSK v Punjab Preview
Chance table updated just after RR v KKR match.
I remember someone (You know who!) quoting, "And that unlucky team will lose out on the semis, purely as God's punishment for losing to the losers."
Quotes apart, see this article from cricinfo; And also mine, regarding the same - posted yesterday.
This is the last post in this series. Let me see whether I will be able to do it for the WorldT20, coming up in June.
| Team | Current Chance | Chennai v Punjab | ||
| CSK wins | KXI wins | No Result | ||
| DD | 100.00 | 100.00 | 100.00 | 100.00 |
| CSK | 100.00 | 100.00 | 100.00 | 100.00 |
| DC | 75.00 | 100.00 | 50.00 | 50.00 |
| RCB | 75.00 | 100.00 | 50.00 | 50.00 |
| PUN | 50.00 | 0.00 | 100.00 | 100.00 |
| MI | 0.00 | 0.00 | 0.00 | 0.00 |
| RR | 0.00 | 0.00 | 0.00 | 0.00 |
| KKR | 0.00 | 0.00 | 0.00 | 0.00 |
I remember someone (You know who!) quoting, "And that unlucky team will lose out on the semis, purely as God's punishment for losing to the losers."
Quotes apart, see this article from cricinfo; And also mine, regarding the same - posted yesterday.
This is the last post in this series. Let me see whether I will be able to do it for the WorldT20, coming up in June.
Tuesday, May 19, 2009
Rajasthan v KKR Preview
Chance table after Bangalore defeated Delhi.
It has become interesting! Now 4 teams are in contention for 2 spots - almost equally chanced, though RR making it to semi-finals is entirely not in its hands. But RR not making it to the semi-finals is in its own hands. i.e. if RR loses to KKR, RR is out. Even if RR wins, if Punjab wins against Chennai, again RR will be out!
So, RR should hope to beat KKR, (who surprisingly is on a good run after a good hit against Deccan and a wonderful chase against Chennai) and also wish for Chennai to win its match against Punjab.
For Punjab, it is very clear - either win or out of semis (that is why you see 50% chance for Punjab). It is almost like a virtual quarter-final for them.
RR loses -> RR out of semis
Punjab loses -> Punjab out of semis
Punjab wins -> Punjab in and RR out & the match between RCB and DC is a virtual quarter final.
If RR wins and Punjab lose -> RR enters semis.
If both Punjab and RR lose, DC and RCB are in!!
Tomorrow we may get to know the third semi-finalist or may be all of them.
| Team | Current Chance | RR v KKR | ||
| RR wins | KKR wins | No Result | ||
| DD | 100.00 | 100.00 | 100.00 | 100.00 |
| CSK | 100.00 | 100.00 | 100.00 | 100.00 |
| DC | 62.50 | 50.00 | 75.00 | 75.00 |
| RCB | 62.50 | 50.00 | 75.00 | 75.00 |
| PUN | 50.00 | 50.00 | 50.00 | 50.00 |
| RR | 25.00 | 50.00 | 0.00 | 0.00 |
| MI | 0.00 | 0.00 | 0.00 | 0.00 |
| KKR | 0.00 | 0.00 | 0.00 | 0.00 |
It has become interesting! Now 4 teams are in contention for 2 spots - almost equally chanced, though RR making it to semi-finals is entirely not in its hands. But RR not making it to the semi-finals is in its own hands. i.e. if RR loses to KKR, RR is out. Even if RR wins, if Punjab wins against Chennai, again RR will be out!
So, RR should hope to beat KKR, (who surprisingly is on a good run after a good hit against Deccan and a wonderful chase against Chennai) and also wish for Chennai to win its match against Punjab.
For Punjab, it is very clear - either win or out of semis (that is why you see 50% chance for Punjab). It is almost like a virtual quarter-final for them.
RR loses -> RR out of semis
Punjab loses -> Punjab out of semis
Punjab wins -> Punjab in and RR out & the match between RCB and DC is a virtual quarter final.
If RR wins and Punjab lose -> RR enters semis.
If both Punjab and RR lose, DC and RCB are in!!
Tomorrow we may get to know the third semi-finalist or may be all of them.
Mumbai @ 7:24 pm
I still remember the Dec-Jan days in Lucknow when it was dark by 5:30 pm itself. Now, in Mumbai, witness light even half hour past 7 pm.
Volume doubled today @ NSE
Press release from NSE.
Trades in Derivatives segment:
* Notional Turnover in case of options
Source: NSE website
Trades in Derivatives segment:
| Trade Statistics for 19-May-2009 | |||
| Product | No. of contracts | Turnover (Rs. cr.) * | Put Call Ratio |
| Index Futures | 1467599 | 31082.77 | - |
| Stock Futures | 641588 | 32867.31 | - |
| Index Options | 1941044 | 40080.98 | 1.23 |
| Stock Options | 39830 | 1954.46 | 0.42 |
| Interest Futures | 0 | 0 | - |
| F&O Total | 4090061 | 105985.51 | 1.21 |
* Notional Turnover in case of options
Source: NSE website
Monday, May 18, 2009
Delhi v Bangalore
Chance table updated after KKR's only win in this season without help from rain, that too against a supposedly strong Chennai.
DD v RCB preview::
All semi contenders except RCB will be hoping for a Delhi win.
Crincinfo quotes... "Chennai look depleted. Hard loss. Kolkata went down in the IPL but are making sure they take a few down with them. Chennai now face the frustrating prospect of having to rely on the outcome of their final league game against Punjab, and possibly net run-rate to see where they finish. The IPL is wide open."
DD v RCB preview::
| Team | Current Chance | DD v RCB | ||
| DD wins | RCB wins | No Result | ||
| DD | 100.00 | 100.00 | 100.00 | 100.00 |
| CSK | 100.00 | 100.00 | 100.00 | 100.00 |
| DC | 75.00 | 87.50 | 62.50 | 62.50 |
| PUN | 56.25 | 62.50 | 50.00 | 62.50 |
| RCB | 37.50 | 12.50 | 62.50 | 50.00 |
| RR | 31.25 | 37.50 | 25.00 | 25.00 |
| MI | 0.00 | 0.00 | 0.00 | 0.00 |
| KKR | 0.00 | 0.00 | 0.00 | 0.00 |
All semi contenders except RCB will be hoping for a Delhi win.
Crincinfo quotes... "Chennai look depleted. Hard loss. Kolkata went down in the IPL but are making sure they take a few down with them. Chennai now face the frustrating prospect of having to rely on the outcome of their final league game against Punjab, and possibly net run-rate to see where they finish. The IPL is wide open."
Sunday, May 17, 2009
Chennai Enters Semi-finals!!
As Rajasthan lost its match against Delhi, Chennai entered the semi-finals for sure!
That also means, tomorrow's CSK match against Kolkata is of no consequence!!
That also means, tomorrow's CSK match against Kolkata is of no consequence!!
| Team | Current Chance | CSK v KKR | ||
| CSK wins | KKR wins | No Result | ||
| DD | 100.00 | 100.00 | 100.00 | 100.00 |
| CSK | 100.00 | 100.00 | 100.00 | 100.00 |
| DC | 75.00 | 75.00 | 75.00 | 75.00 |
| PUN | 56.25 | 56.25 | 56.25 | 56.25 |
| RCB | 37.50 | 37.50 | 37.50 | 37.50 |
| RR | 31.25 | 31.25 | 31.25 | 31.25 |
| MI | 0.00 | 0.00 | 0.00 | 0.00 |
| KKR | 0.00 | 0.00 | 0.00 | 0.00 |
Delhi v Rajasthan Preview
The following table is just after DC v Punjab match, which Punjab won and knocked off Mumbai from the Semi-final lists in all probabilities!
Also updated is the possibilities of the next match DD v RR.
Winning this match boosts up RR's semi-final chances to a great extent!!
Also updated is the possibilities of the next match DD v RR.
| Team | Current Chance | DD V RR | ||
| DD wins | RR wins | No Result | ||
| DD | 100.00 | 100.00 | 100.00 | 100.00 |
| CSK | 95.31 | 100.00 | 90.63 | 90.63 |
| DC | 68.75 | 75.00 | 62.50 | 75.00 |
| RR | 56.25 | 31.25 | 81.25 | 56.25 |
| PUN | 48.44 | 56.25 | 40.63 | 40.63 |
| RCB | 31.25 | 37.50 | 25.00 | 37.50 |
| MI | 0.00 | 0.00 | 0.00 | 0.00 |
| KKR | 0.00 | 0.00 | 0.00 | 0.00 |
Winning this match boosts up RR's semi-final chances to a great extent!!
DC v Punjab Preview
This is a semi-final decider!!
If DC wins, it enters semis. If DC loses, Mumbai gets thrown out of semis.
If washed out, Chennai enters the semi-finals!
If DC wins, it enters semis. If DC loses, Mumbai gets thrown out of semis.
If washed out, Chennai enters the semi-finals!
| Team | Current Chance | DC V Punjab | ||
| DC wins | Punjab wins | No Result | ||
| DD | 100.00 | 100.00 | 100.00 | 100.00 |
| CSK | 96.88 | 98.44 | 95.31 | 100.00 |
| DC | 84.38 | 100.00 | 68.75 | 93.75 |
| RR | 60.16 | 64.06 | 56.25 | 64.06 |
| RCB | 32.03 | 32.81 | 31.25 | 31.25 |
| PUN | 25.78 | 3.13 | 48.44 | 9.38 |
| MI | 0.78 | 1.56 | 0.00 | 1.56 |
| KKR | 0.00 | 0.00 | 0.00 | 0.00 |
Saturday, May 16, 2009
DC v KKR Preview
KKR has all teams' support for today's match!!!
Every team hoping to get to the semi-finals hopes that KKR wins today! (exception being Deccan, of course)
Every team hoping to get to the semi-finals hopes that KKR wins today! (exception being Deccan, of course)
| Team | Current Chance | DC V KKR | ||
| DC wins | KKR wins | No Result | ||
| DD | 100.00 | 100.00 | 100.00 | 100.00 |
| CSK | 98.05 | 96.88 | 99.22 | 99.22 |
| DC | 70.31 | 84.38 | 56.25 | 68.75 |
| RR | 66.41 | 60.16 | 72.66 | 60.16 |
| RCB | 36.33 | 32.03 | 40.63 | 40.63 |
| PUN | 28.13 | 25.78 | 30.47 | 30.47 |
| MI | 0.78 | 0.78 | 0.78 | 0.78 |
| KKR | 0.00 | 0.00 | 0.00 | 0.00 |
Friday, May 15, 2009
Mumbai v Chennai Preview
Chance table after Punjab's win over Delhi.
Who wishes for whom?
For Delhi and Kolkata, it does not matter at all.
CSK, DC and RCB wish Chennai wins, as it increases their chances of getting into semi-final.
MI and Punjab wish Mumbai wins.
Surprisingly, it works out better for Rajasthan Royals if the match is rained out!! DC, RCB's stances are radically different. They wish for Chennai. Even if Chennai does not win, they hope at least Mumbai should win. They need a result in any case! Same is the case with Punjab, except that their first wish is for Mumbai.
| Team | Current Chance | Mumbai v Chennai | ||
| Mum wins | Chn wins | No Result | ||
| DD | 100.00 | 100.00 | 100.00 | 100.00 |
| CSK | 85.94 | 73.83 | 98.05 | 94.14 |
| DC | 68.16 | 66.02 | 70.31 | 62.11 |
| RCB | 36.04 | 35.74 | 36.33 | 30.47 |
| MI | 19.63 | 38.48 | 0.78 | 17.19 |
| RR | 61.13 | 55.86 | 66.41 | 70.31 |
| PUN | 29.10 | 30.08 | 28.13 | 25.78 |
| KKR | 0.00 | 0.00 | 0.00 | 0.00 |
Who wishes for whom?
For Delhi and Kolkata, it does not matter at all.
CSK, DC and RCB wish Chennai wins, as it increases their chances of getting into semi-final.
MI and Punjab wish Mumbai wins.
Surprisingly, it works out better for Rajasthan Royals if the match is rained out!! DC, RCB's stances are radically different. They wish for Chennai. Even if Chennai does not win, they hope at least Mumbai should win. They need a result in any case! Same is the case with Punjab, except that their first wish is for Mumbai.
Delhi v Punjab Preview
How are the chances going to change for the teams?
| Team | Current Chance | Delhi v Punjab | ||
| Delhi wins | Punj wins | No Result | ||
| DD | 100.00 | 100.00 | 100.00 | 100.00 |
| CSK | 87.40 | 88.87 | 85.94 | 88.87 |
| DC | 71.39 | 74.61 | 68.16 | 68.16 |
| RCB | 38.28 | 40.53 | 36.04 | 36.04 |
| MI | 21.78 | 23.93 | 19.63 | 23.93 |
| RR | 64.45 | 67.77 | 61.13 | 67.77 |
| PUN | 16.70 | 4.30 | 29.10 | 15.23 |
| KKR | 0.00 | 0.00 | 0.00 | 0.00 |
Thursday, May 14, 2009
IPL 2009 - path to semifinals
The points table reads like this just after the end of CSK v RCB match today.
(please scroll down)
Only 12 more matches are remaining including the ongoing MI v RR match which decide who get to the semi-finals. In the mean time, I tried to predict who get to the semi-finals using simulation.
My assumptions:
1. Each match has equally likely outcome of win and loss for both teams. In others words, both teams have 50% chance of winning the match. (though that may not be the real case)
2. The relative position of NRR of all teams remain same at the end of the tournament.
3. No no-result matches.
The 12 matches generate 4096 possibilities and each combination decides 4 teams which enter into semi-finals. In case of a tie between 4th and 5th positions, NRR as on today is used to resolve the same.
This is the result I got.
(please scroll down)
(please scroll down)
| Team | Mat | Won | Lost | Tied | N/R | Pts | Net RR | For | Against |
|---|---|---|---|---|---|---|---|---|---|
| Delhi Daredevils | 10 | 8 | 2 | 0 | 0 | 16 | +0.362 | 1408/177.5 | 1394/184.3 |
| Chennai | 11 | 6 | 4 | 0 | 1 | 13 | +1.070 | 1631/196.2 | 1427/197.1 |
| Deccan Chargers | 11 | 6 | 5 | 0 | 0 | 12 | +0.292 | 1654/212.4 | 1633/218.1 |
| Bangalore | 12 | 6 | 6 | 0 | 0 | 12 | -0.309 | 1689/237.0 | 1735/233.2 |
| Mumbai Indians | 11 | 5 | 5 | 0 | 1 | 11 | +0.543 | 1442/196.2 | 1340/197.0 |
| Rajasthan Royals | 11 | 5 | 5 | 0 | 1 | 11 | -0.373 | 1306/193.1 | 1415/198.2 |
| Kings XI Punjab | 11 | 5 | 6 | 0 | 0 | 10 | -0.570 | 1438/192.1 | 1518/188.3 |
| Kolkata | 11 | 1 | 9 | 0 | 1 | 3 | -1.042 | 1306/189.2 | 1412/177.5 |
Only 12 more matches are remaining including the ongoing MI v RR match which decide who get to the semi-finals. In the mean time, I tried to predict who get to the semi-finals using simulation.
My assumptions:
1. Each match has equally likely outcome of win and loss for both teams. In others words, both teams have 50% chance of winning the match. (though that may not be the real case)
2. The relative position of NRR of all teams remain same at the end of the tournament.
3. No no-result matches.
The 12 matches generate 4096 possibilities and each combination decides 4 teams which enter into semi-finals. In case of a tie between 4th and 5th positions, NRR as on today is used to resolve the same.
This is the result I got.
(please scroll down)
| Team | Chance of Entry to Semi-finals |
| Delhi | 100.00 |
| Chennai | 86.96 |
| Deccan | 71.53 |
| Bangalore | 38.96 |
| Mumbai | 47.31 |
| Rajasthan | 38.28 |
| Punjab | 16.94 |
| Kolkata | 0.00 |
Saturday, May 02, 2009
Pune Mumbai Express Highway
Today, I travelled in Pune-Mumbai express highway in a Volvo. Very good experience; I was sitting in the seat which is just next to the driver. So, I had the best view that can be possible. Clicked on arbit stuff all along.
It is really a thrilling experience to sit there with no seat belts on. எப்போ bus நம்மல கீழ சாயக்கும்னு தெரியாம உட்கார வேண்டியதா இருந்துது. Sudden brake அடிச்சான்னா, வடிவேலு மாதிரி முன்னாடி இருக்கற கண்ணாடிய ஒடச்சு கீழ போய், பாக்கிட்ல இருக்கற glass piece எடுத்து ஒதர வேண்டி இருக்கும்.
The surprising thing is that even the driver does not wear the seat belt. Whenever he wants to make a turn, he tends to get shifted from his comfort position and tries to hold the bottom of his seat in one hand and makes the turn. One moment if he misses - God knows what happens!
I asked him why does not he wear a seat belt (there is a provision and I suppose wearing seatbelt is compulsory) - that would make his life comfortable. He replied, "I do not have that habit."
Random clicks are here.
Sunday, April 26, 2009
Ponniyin Selvan
I just finished reading Ponniyin Selvan for the second time. I read it for the first time 6 or 7 years before when I was at my engineering college. Now, once again, amazed at the plot, characterisation and the way the author connects various characters and events. At no point of time, I felt the story is being elongated just for the sake of it. Often there are repetitions, but it helps one to remember what happened and helps to connect with the present.
One should remember that this is a historic novel and cannot take things as granted. Where there is a clear proof of character and incident, the author needs to adhere to it and when the picture is not so clear, he is free to ignite the imagination - this is a tight rope walk. Amarar Kalki says the same sentence in the conclusive part. I guess the conclusive essay must have come a few weeks after the story ended. Author addresses the concerns of the readers and answers their queries.
There are many characters in the novel. Some characters are given good characterisation and some are given only build ups. The brilliance of characters comes out in Vandhiyadevan, Adiyan, Anirudhha Brahmarayar. Poonkuzhali and Manimegalai will stay on in the mind of the readers for ever. Both have many similar qualities, the striking difference being Manimegalai is so innocent whereas Poonkuzhali is not. The greatest built up is given for Kundavai. But there are not enough incidents or decision making circumstances which validate the build-ups. Though Anirudha Bramharayar comes relatively only in a few scenes, the character's intelligence is clearly portrayed in almost all the scenes.
I heard that the original hero of the novel was supposed to be Arul Mozhi Varmar himself, but Vandhiyadevan is so interwoven with the story that the author could not dethrone him from the hero's pedastal even after the introduction of Arul Mozhi Varmar early in the story. The incidents that happen after Arul Mozhi jumps into the sea to save Vandhiyadevan get a supersonic speed. I feel that is the point when Vandhiyadevan becomes the hero of the novel.
One character which gets you stumped is Nandini. One never knows when she speaks the truth and when she does not. She displays cunningness with a "cool attitude". She is very determined and does not get tensed whatever the situation be.
I read the entire story this time on my laptop - the pdfs from Project Madurai. The pdf of the fifth part contained many missing lines. So, I had to go to wikisource for reading whole of the 5th part. While I was reading, I made a pdf of the 5th part and uploaded under GDL.
Tuesday, April 21, 2009
CFA this June
It has been a long time since I updated my blog. I am currently posted at Mumbai for my summer internship; will be here for the next two months.
I give CFA Level I, offered by the CFA Institute in June. Because of the legal tussle with ICFAI, the exam center was originally not in India. So, I chose my test center as Kathmandu as did some of my other friends too. I planned to start the internship as early as possible, finish and go home, spend a week and then proceed to Kathmandu for the exam and come back to Lucknow.
On Apr 2nd, Delhi high court ruled that June 2009 CFA exams can be held in India. In one way it is good that I do not need to travel a lot of distance. But, had I known this would happen, I would have joined the internship late so that I can finish the internship and give exam in Mumbai and proceed directly to Lucknow. I need not have incurred loss on cancellation of the flight tickets to Kathmandu. But even with cancellation charges, writing in Mumbai works out to be better both economically and logistically.
More about the legal battle:
Wikipedia on Indian CFA
What ICFAI had to say?
What CFA Institute had to say?
Both of them provide a picture as if they are correct and the other party is outright wrong.
I give CFA Level I, offered by the CFA Institute in June. Because of the legal tussle with ICFAI, the exam center was originally not in India. So, I chose my test center as Kathmandu as did some of my other friends too. I planned to start the internship as early as possible, finish and go home, spend a week and then proceed to Kathmandu for the exam and come back to Lucknow.
On Apr 2nd, Delhi high court ruled that June 2009 CFA exams can be held in India. In one way it is good that I do not need to travel a lot of distance. But, had I known this would happen, I would have joined the internship late so that I can finish the internship and give exam in Mumbai and proceed directly to Lucknow. I need not have incurred loss on cancellation of the flight tickets to Kathmandu. But even with cancellation charges, writing in Mumbai works out to be better both economically and logistically.
More about the legal battle:
Wikipedia on Indian CFA
What ICFAI had to say?
What CFA Institute had to say?
Both of them provide a picture as if they are correct and the other party is outright wrong.
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