Is it a liquidity crunch in India??

I have a random thought....Is it really a liquidity crunch in India?? Generally, financial crisis is a viscious circle which goes from lenders not trusting the borrower, leading to lower disbursements.... leading to a slowdown... Lower demand... inturn the businesses expand less... in turn there are no loans lent and so on....I think the problem in india has reached to the corporates.... the viscious circle, If could have been arrested at the lender stage, could have made things much better. Now the markets are not making things any better. The businesses are growing slower.... low of confidence... predictions of weak demand...In India, my opinion is that banks may have money but its a viscious circle of low confidence thats driving the crunch than what's happening in the Western world, where the problem is more to do with the sub-prime....

Intelligence vs Education

Debate that has run a long while, with no answer. Go to interviews and people ask you, "What's your qualification?"... On answering, pat comes the reply, "But we are expecting some one with x,y,z,a,b,c,d etc etc qualification (read, having a big qualification list) ." Whats more irritating is the comment that people make, you don't seem to be intelligent enough to take this role. It demands a x,y,z,a,b,c to take this role.Why don't people understand the difference between Intelligence and Education??? Education can hone your intelligence. It cannot create it. Intelligence is akin to smart whereas education is more akin to an address.Though there is no objective way as such except some psychometric blah blah tests, still a person who is interviewing you must be experienced enough to find out whether you are smart or not. A person can fake probably once but not always. Street smart is the need of the hour than an educated person.I hope the reader appreciates the fact that the best minds in the world have been, on a majority, less educated with lots of innovation and high EQ. I hope the world soon understands the difference between these two terms.