Excreted killings

The recent Human Development Report 2006 states that a staggering 1.1 billion people in the developing countries do not have adequate access to clean water, whereas an astounding 2.6 billion people lack basic sanitation. The report suggests that every person requires a minimum of 20 litres of water every day ‘for respecting the human right to water.’

The report also talks about viable solutions in terms of basic pit latrines compared to which connecting the household to a modern sewerage system would cost almost twenty times more. It further affirms that there is a direct correlation between improved sanitation and reduction in child mortality by at least 30%.

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An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative

A confidante of Mahatma Gandhi

A confidante of Mahatma Gandhi, G. D. Birla helped him fight against the rising imperial capitalism in the country. His efforts to ensure protection to the Indian industry made him one of the most prominent personalities in shaping the future of India. In 1920-21, he advocated the cause of fiscal autonomy for Indian enterprises and for the interests of India, he did not hesitate to seek out a win-win relationship with the British. Although he did not always agree with Mahatma Gandhi, G. D. Birla obeyed every word that he said without a moment’s deliberation. In his book on Gandhi, In the Shadows of the Mahatma, Birla described his first meeting with Gandhi, “The hidden hand of destiny, which works in an inscrutable manner, should alone be credited with this fortunate occurrence in my life.”

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Godrej Beverages & Foods Limited (GBFL)

Godrej Beverages & Foods Limited (GBFL) sells juices, fruit drinks, soya-milk based drinks, edible oil and tea in the market. The company’s famous brands are Xs, Jumpin Sofit, Cooklite and Godrej Tea. Recently, GBFL acquired a major stake in Nutrine Confectionery Company Pvt. Ltd. which is a market leader in confectionery business in India. The takeover gives admittance to a large and wellbuilt distribution network to the existing brands.

Well, talk of enduring corporate success then!

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This was actually built for Peter the Great, and while it has changed over the years, what remains intact is its elegance

The fountains, pavilions and even the layout are reminiscent of the imposing structure of Versailles. “This was actually built for Peter the Great, and while it has changed over the years, what remains intact is its elegance”. Gennadi has his way with words, and I won’t dispute this claim of his for what has really caught my attention is the nearby Summer Palace, an unassuming edifice of two storeys built for Peter, the rooms of which have authentic early 18th century furnishings. I could have stayed on this quixotic fairytale land, but for the fact that time, tide and Gennadi wait for no one.

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Central Bank of the Republic of Turkey

Encouraging, as these words, are the trade figures. The total exports touched $76.46 billion, registering a rise of 14.1% over 2004 (Central Bank of the Republic of Turkey). Imports also increased by 20%, reaching $105.2 billion in 2005. The rise has been possible because of an outwardly oriented trade policy of the Turkish government, different from the import substitution agenda it used to follow before 2000-01 recession. The trade basket largely includes vehicles, articles of apparel and clothing accessories, mineral fuels and equipments. The top trading partners of Turkey are Germany, Italy, France, UK and Russia – quite clearly, most of Turkish trade is concentrated in the EU. And all this largely because of the Customs Union (established in 1996) regulates the trade regimes between the EU and Turkey.

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Identifying the right growth strategy is critical for building a world-class business

And since resource providers cannot rely on the enforcement of contracts in emerging markets, good governance – organizational mechanisms that ensure that a company lives up to its commitments to investors, customers, employees and business partners – allow an organization to ultimately acquire a reputation that is invaluable in all its dealings with constituents. It can, for instance, allow a copmpany to access the best resources at the lowest cost.

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Does Philippines need a fillip?

OVERVIEW: PHILIPPINE ECONOMY

Philippines economy expanded by 4.9% in 2005, compared to 5.8% in the year 2004. Per capita GNP of a Philippine has been experiencing a continuous increase and has reached $832.5. Savings rate remains at a high of 27.63%, which has been a favourable point for the economy. Unemployment remains a concern, as it hovers around 11.4% of the total labour
force.

FOREIGN TRADE: EXPORTS & IMPORTS

Growth in exports has helped the Philippine economy to remain buoyant. Exports of goods and services grew by 4% to touch $40 billion in 2005 (almost 41% of GDP). Imports burgeoned to $47.77 billion in 2005, a growth of 7% over 2004. Exports and imports in 2004 stood at $38.79 billion and $44.48 billion, respectively. Major trading partners include US, China, Singapore and Netherlands.

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Try reading this, George!

As a matter of fact, American expenditure on education had been on a consistent rise ever since World War-II. From an average annual investment of around $1,200 per student during World War-II to $12,000 by 2003, the expenditure has gone up by ten folds, yet the resultant change in student’s performances have been virtually stagnant, particularly over the past three decades – invariably indicating that American investments in education have been by far misdirected.

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Who says cash is king? We do, so do millions more

Whenever we talk about Earnings per Share (EPS), there are a number of variants like Reported EPS, On-going EPS, Proforma EPS and Cash EPS. For our analysis, we have considered Cash EPS, which takes cash flows of an entity into consideration. To arrive at Cash EPS, one has to first determine the cash flow from operating activities, which has to be then divided by the number of shares outstanding. Cash EPS generally depicts the amount of cash flow generated per share by the company. Analysts consider Cash EPS as being fool proof, as it stands out when compared to the other variants of EPS (since Cash EPS considers factual cash flows, which generally cannot be tinkered with). The interpretation of this ratio is: The higher the ratio, the better the company. And surprisingly, the top ten list churns out many new and interesting names.

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The technology will be a brand new experience for Indian consumers.

Closely on the heels of Hero Honda, Bajaj too is gearing up to launch the 200 (plus)-cc Pulsar armed with the world beater DTS-Fi (digital twin spark-fuel injection) technology (as opposed to the DTSi). Being successful with these truly innovative products will be the real test of mettle for both the emperors. Indian bikes for sure were due for a major electronic and technical overhaul, more than just mere cosmetic makeovers. But the biggest worry for both these companies would be, are Indian consumers getting so rich that they might just skip buying bikes (and shift to, say the Tata Rs.1 lakh car)? Well, all we know is that the scooter industry’s already dead... Long live

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‘Terminator’

These companies, charged the suit, are “among the world’s largest contributors to global warming and the adverse impacts on California.” The state’s Attorney General Bill Lockyer said that “global warming is causing significant harm to California’s environment, economy, agriculture and public health” and that the impacts are already costing the state millions of dollars and the price tag is increasing every passing day. If you jog your memory cells, you will remember that the state is led by Republican actor-turned-Governor ‘Terminator’ Arnold Schwarzenegger, who is at loggerheads with US President George W. Bush over environmental issues.

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How much further overt could one get?

At the guerilla extreme, Duracell showed two Bunnies racing in its commercial, where the bunny powered by Duracell battery won the race hands down, while the other bunny with a black battery lost the race. The voice-over at the end of the commercial dramatically stated, “While Duracell Alkaline keeps on running, Eveready Super Heavy Duty can’t keep up... With up to three times more power, Duracell always beats Eveready Super Heavy Duty.” How much further overt could one get? This Eveready damning ad ran on Australian TV; and even though Eveready sued Duracell, it was of no use since the court concluded that the ad was not showing anything that was untruthful.

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Gujarat has definitely not been a good experience for insurance companies

Gujarat has definitely not been a good experience for insurance companies as earthquakes, floods and riots have taken a serious toll on general insurance companies during the past few years. And it’s no surprise that companies are preparing in advance so that they do not end up in an undesirable situation.

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Asian Paints adds a splash of colour to the telly, yet again!

The latest campaign from their stable takes the ‘Har Rang Kuch Kehta hai’ plank forward to ‘Har Ghar Kuch Kehta hai’. Abhijit Avasthi, Group Creative Director, Ogilvy & Mather sheds light on the thought process behind the commercial: “The brief was to build upon the ‘Har Rang Kuch Kehta Hai’ campaign, which brings alive the role of colour in home decor. The aim is to tell people how colour fires the imagination.” Of course, crafting a creative for Asian Paints will forever remain a challenge for the creative brains, as “the tone and manner of the message must always remain intact, yet the communication must keep refreshing itself for the audiences each time…” points out Awasthi. More so, when the brand already has a long heritage of great advertising in its kitty.

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Indian transport is undergoing a quite & dramatic transformation

What is common between Lalu Prasad Yadav, Ratan Tata and C. Y. Gopinath? The first one is a hard-core politician busy re-inventing himself as a transformational CEO. The second is busy changing the venerated Tata group into a multinational conglomerate. And the third is a first generation entrepreneur who has created a market that did not exist before. On the face of it, there is not much that is similar between the three. And yet, there is a common thread that links the three together. They are symbols of the relatively quiet and unheralded manner in which the transportation sector in India is undergoing a revolution. While analysts and the media have been singing hosannas to well hyped sectors like information technology (IT) and telecom, people like Yadav, Tata and Gopinath are ensuring that efficient, cost effective and fast transportation is quietly making India Inc. much more competitive than it was even a few years ago.

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Black gold’s fine

“Someone’s gain is someone else’s loss.” The saying came true when long-standing talks between the Chinese and Venezuelan governments finally came to fruition in late August. While China gained access to the huge oil reserves in the Latin American region, the US, till now the largest importer of Venezuelan oil, got a shock.

This is not the first time that China has silently come up with an oil deal with repercussions beyond the immediate. There was a deal with the Saudis and there was a strategic alliance with Iran. These moves have strengthened China’s position in the oil market. China is evidently striking deals in almost every continent and with almost all oil-rich countries of the world. The list even includes African countries like Angola, a continent where none of the western power shave made inroads till now. And the deal with Venezuela adds, as it has 78 billion barrels of oil reserves in a region with the world’s second largest proven oil reserves. In return, Venezuela gets technical support in discovering new oil-rich areas as well as a supporting vote for membership in the UN Security Council. Such a deal is a win-win situation for both sides, craft ed by China.

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Digital information system – a necessity

To intensify its online revenues, New York Times Co. (which publishes The Boston Globe & International Herald Tribune) has bought an online research firm Baseline Studio Systems for $35 million from Hollywood Media Corp. Baseline is a web-based database that also provides research options pertaining to the film & television industry. Subscribers benefit from the service as it offers them above 1.5 million records along with facts, detailed analysis, statistics, news reports, related links and trends existing in the entertainment industry. Baseline is expected to attain revenues of around $6 million this year.

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On the FDI front, Venezuela hasn’t been a major success story till date

On the FDI front, Venezuela hasn’t been a major success story till date. It received only $2.70 billion in FDI in 2005. The major investing country has been US, followed by Canada and France. Accor, Chevron- Texaco and Exxon Mobil are amongst the major multi-nationals to invest in the country. But all said and done, looking at the potential, policy makers still need to work out more effective ways to drag higher foreign investment in Venezuela.

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Douglas Engelbart served the Navy as a radar technician

Born in 1925, in Orgean, Douglas grew up to pursue electrical engineering at the local state university. But on account of World War II, he had to resume his studies only after two years, during which, he served the Navy as a radar technician. Throughout his career, his emphasis was on enhancing the human capacity to approach a complex problem and finding a feasible solution to it. In this constant quest, he developed the basic fundamentals of a computer mouse that would facilitate easy computer interaction. Though the mouse was developed in the early sixties, it was used commercially only in 1980’s with the Apple computers, when it was perfected by Alan Kay at Xerox Parc.


The fact remains that without the contribution of Douglas Engelbart towards the development of the computers, the PC would have perhaps still been operated by a trained scientist rather than become a user friendly tool operated, which now can be operated by even a child.

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“Jet has to retain a moderate domestic share while rapidly expanding on viable international routes...”

In flight advertising (to increase revenues) should be employed and the focus should be expansion of the domestic market and additions of ‘profitable’ international routes. Chris Tarry, Aviation Analyst, Ctiara feels, “Jet has to retain a moderate domestic share while rapidly expanding on viable international routes...” Looking at the profitless volume growth in the domestic market (with passenger numbers estimated to grow by 28% till 2008, the LCCs will control 50% of the market in 2008, according to Globalysis Ltd.), Jet should establish a low-cost subsidiary – a process followed successfully by Qantas and Indian – or it could even engage in mutually benefi cial tie-ups with the LCCs. Merely dismissing LCCs is not a successful strategy. It could be a sure recipe for disaster.

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Belligerent Britannia’s back!

Vinita Bali is all set to have a bigger bite of the pie for Britannia Industries Ltd. and this was palpable when the mercurial CEO announced an investment of Rs.200 crore over the next three years to spruce up its annual production capacity by 33% to 60,000 tonnes at its Uttaranchal manufacturing unit.

Added o n t o that, the company also has its eyes all set on future acquisitions and rural forays. With Rabo India Finance’s forecast of the ready-to-eat food market reaching Rs.486 billion by 2015, much appears to be at stake; and the warning signal is the erosion of Britannia’s market share with the entrance of newer entities.

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Maiming those marathons!

While football has been notorious for its number of on-field deaths (about 14 recorded fatalities till date), it seems running is no less riskier! Now marathons are threatening severe ramifications for its passionate pursuers. In the 29-year history of the San Francisco Marathon, the first casualty of 43 year old William Goggins, brought out the perils involved with endurance sports, which until now weren’t usually associated with serious injuries or fatalities. After it was established that heart failure caused his death, researchers didn’t leave any stone unturned in getting to the root of the issue.

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Memoirs of the mind

Although this rara avis called déjà vu literally means ‘already seen’, it connotes many other abstract monologues of the mind. The most typical example of this phenomenon happens when during a course of events, one suddenly experiences a sense of familiarity with it, in a way of having already experienced a similar sequence of events before. Or it could also be a case of relating with an entirely new place such like one has known it for ages. This overwhelming sensation may already have been defined and classified into different categories by researchers as déjà vecu (already lived through), déjà senti (already felt), déjà visite (already visited before) et al, they all still remain just as elusive to explanations as déjà vu...

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam chaudhuri

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‘Survival of the adaptive’ is the mantra for today’s complex, uncertain business world

Much of the organizational thinking about crisis management has focused on reparation. Many companies, for example, have created risk management teams to develop detailed contingency plans for responding to a pandemic. This is necessary but not sufficient.

In the complex and uncertain environment of a sustained, evolving crisis, the most robust organizations will not be those that simply have plans in place but those that have continuous sensing and response capabilities. As Darwin noted, the most adaptive species are the fittest. Consider these two organizations. Which one would fare better in a sustained crisis, such as a pandemic?

Organization 1

• Hierarchical
  
• Centralized leadership
  
• Tightly coupled (greater interdependence among parts)
  
• Concentrated workforce
  
• Specialists
  
• Policy- and procedure-driven
  

Organization 2

• Networked
  
• Distributed leadership
  
• Loosely coupled (less interdependence)
  
• Dispersed workforce
  
• Cross-trained generalists
  
• Guided by simple yet flexible rules
  

Organization 2 is clearly better positioned to respond to evolving, unpredictable threats. We know from complexity theory that following a few basic crisis response principles is more effective than having a detailed a priori plan in place. In fires, for instance, it’s been shown that a single rule – walk slowly towards the exit – saves more lives than complicated escape plans do.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

When I travel...

When I travel, I have a growing sense that people worldwide are frightened, hunkering down, worried about grotesque threats – terrorism, environmental degradation – that they can barely articulate. The threat of avian fl u could be a chance for leaders to forge new contracts with members of their organizations, acknowledging each member as an asset & in the process, making it so.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

HBOS employees get it all and more

The good times are not yet over for over 17,000 employees of the Halifax Bank of Scotland (HBOS), which is the fourth largest bank in UK. Five months ago, the employees had all earned an enviable bonus of about £4400 each and now there’s a fresh piece of good news for them. They are expected to now get around £19.6 million in free shares. The said sum is about 5% of annual salaries of the employees. The announcement was made as the bank reported a healthy 17% rise in half-year pre tax profits to £4.98 billion.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

It’s Playtime!

When Hugh Hefner throws a party, you know it’s bound to be a completely carnal carnival! Along with the expected pretty-in-pink bunnies are the unexpected thousand-odd beautiful people in all their lacy lingerie! Ahem, that’s right this annual gala at the Playboy Mansion named Midsummer Night’s Dream Party, is not among the world’s hottest parties for nothing. Apart from the host – the hedonist Hef all dressed up in his jammies – are guests who sport anything from corsets, negligees to just pretty petite fairy wings! The Playboy Mansion may have Hollywood for its neighbour and not to forget the rollicking bars dotting the incredibly beautiful LA beaches, but when it comes to throwing a truly grand bash replete with A-list celebrities like Britney Spears and Leonardo DiCaprio, Hef baby certainly does it best! Watch out for 5 August!

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

‘DANGEROUS DEBT SYNDROME’

This ‘dangerous debt syndrome’, and particularly within American teenagers, will surely have a terribly adverse effect on the socio-economic profile of tomorrow’s America. According to a recent survey conducted by the Charles Schwab Foundation, American kids spend over $172 billion a year, which is almost equivalent to the GDP of a Finland or a Greece! The expenditure has roughly doubled every decade, increasing to thrice the value in the 1990s. Worse, as a part of the ‘new plastic hazard’, an increasing number of teenagers are using credit cards, and in the process accumulating heavy debts. Exhibiting the culture of instant gratification and ‘Just Do It’ syndrome, even the overall $1 trillion purchases of the American society through credit cards reflect not only encashment of future for the present, but also the fact that today, the society itself is vastly imploding.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri




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Most Promising Young Political Leader-Rahul GANDHI

Most analysts refer to him as the man who just might turn out to be the youngest Prime Minister ever of India – beating even the record set by his father Rajiv Gandhi. Yet, Rahul Gandhi not only represents an era that is dramatically diff erent from Rajiv Gandhi’s in terms of hopes; but also in terms of cold political calculations. The Camelot-like aura that surrounded Rajiv Gandhi no longer exists; and son Rahul seems to have understood this political message extremely well. He knows that he can lead the Congress party as and when he wants and sycophants will come running at the drop of a hat. But Rahul looks capable of handling all that.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri



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Honda’s lackadaisical approach

Worse, Honda’s lackadaisical approach shows in their focus on developing their dealer outlets. While Hyundai has 157 outlets and Maruti has 300, Honda has just 51 outlets as on date. Honda India does counter that dealer outlets are “likely to go up from the current level of 51 outlets to 66 by the end of this financial year.” Lastly, although almost 20% of the Indian automobile market comprises diesel vehicles, Honda (which develops advanced diesel engines for Europe, where 50% vehicles are diesel), is totally spaced out with respect to this sector.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

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Their story is indeed intriguing

The race was flagged off and as the bell sounded, the two horses started off head to head, and then Seabiscuit began inching forward creating a lead of two lengths and maintained it until the backstretch, where War Admiral, as is his wont, caught up with Seabiscuit. Horse to horse, neck to neck they set the track ablaze. With about two hundred yards to cover, Seabiscuit began taking the lead, Woolf let go of the whip and Seabiscuit pushed on to leading by two lengths, then three lengths and finally finishing the race with élan by a full four lengths, with what flourish! The stands erupted and the crowd went completely berserk, for it was indeed the victory of the indomitable spirit that flickers in every heart, though it takes a spark like this to make an all consuming inferno of it!

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

THE DEATH OF WARSAW PACT

Once NATO had forced the central and eastern European communist states to join hands under the Treaty of Friendship (popularly known as the Warsaw Pact). But with communism losing its ground in Europe and their major power, Soviet Union, breaking into pieces, the treaty lost its value absolutely and finally got dissolved officially in July 1991. Very interestingly, nine of the members and successor states of the Warsaw Pact have joined NATO after the pact was dissolved; proving the deliberate involvement of NATO in the dissolution.

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Source:- IIPM Editorial, 2006

An exit poll survey reveals the true scenario of Assembly Elections

It gets more interesting with subsequent phases. Take Contai that went to polls during the second phase. The Left gets 39%, while the Trinamool gets 46%. Till the fi rst two phases, the Congress has managed to get more than 10% of the total votes polled. That starts changing with the third phase. In Belgachia constituency in Calcutta, the Left gets 44%, while Trinamool gets 53%. The Congress manages a princely 3%. In another Calcutta constituency Beliaghata, the Left gets 48%, while the Trinamool gets 46%. The Congress manages 5%! The political message is quite clear. Has the Congress encouraged a Left victory to ensure the survival of the UPA government at the centre?

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Source:- IIPM Editorial, 2006

Rowenta expert Steam Iron

The laundry-wallah is a bit too talkative for your liking and you need your clothes to be ironed right away; the quickest solution is the Rowenta professional Steam Iron. This powerful iron can generate steam just at the touch of a button. The soft handle makes it convenient to hold and its built-in ergonomic iron rest, reduces body stress. The easy-fill, removable water tank comes with a transparent cover and has the capacity to hold up to 33 ounces of water. Its enhanced features of variable steam control, nonstick, jumbo, scratch-resistant, laser soleplate, easy-read thermometer and the indicator light makes it a must-have in every home for just Rs.11,289. Go, iron out your ironing troubles…

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Source:- IIPM Editorial, 2006

The genesis of TPAs:

(TPA). The single-largest grievance that any discontented health insurance consumer would have is that belated payment of claims, or that of undecided claims. In order to resolve this difficulty, the concept of TPAs was introduced—which fundamentally meant outsourcing the claim settlements. The cashless model of hospitalization also depends largely on the TPAs, whereby policy holders are permitted to gain from medical dealings at any of the networked hospitals without having to shell out the money upfront for medical services.

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Source:- IIPM Editorial, 2006

Asian airlines being the fastest growing in the world - IIPM News

With Asian airlines being the fastest growing in the world and placing the largest orders for commercial jet aircraft, Asia seems to be missing out on a $100 billion a year goldmine. As Asia Pacific emerges as the fulcrum of the global economy in the 21st century, aircraft deliveries to Asian airlines will overtake that to European and American airlines. Despite these obvious figures and projections, it seems to be strange why Asia has not come up with an answer to Boeing and Airbus. According to analysts, the primary reason behind this is two fold: First, America and Europe have ruthlessly exploited the mistrust between Asian nations to not allow a complex industry like aircraft design and manufacturing to emerge. It has taken the cooperative effort of researchers and engineers from all major European countries more than two decades to enable Airbus to emerge as a serious rival to Boeing. EU countries haven’t flinched from giving billions in dollars as subsidies to Airbus. The US government does the same with Boeing.

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Source:- IIPM Editorial, 2006

Toyota’s Hybrid Cars (IIPM Publication)

With Toyota hybrid cars accounting for 79% of all hybrid cars sold in June 2005, Toyota has also monopolized the expected future niche. Fuel economy, low emissions and great performance have led majority customers to choose hybrid models like Pries, Lexus RX 400h and Highlander. Overall, by 2008, Toyota is expected to show an annual capacity of building 1.81 million vehicles in North America alone. With this rapid speed in development, it won’t be surprising if Toyota becomes the number one automobile company much sooner.

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Source:- IIPM Editorial

Publication and Research, IIPM

SEBI has now started probing into these stocks and come out with a plethora of reform measures like putting circuit filters and delisting some of these stocks. But rather than trying to control the situation after it gets out of hand, SEBI should prohibit the penny stocks from trading in the market; and leave no more loopholes for such scams to come up and affect the retail investors in future.

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Source:- IIPM Editorial, 2006

ING-The most successful insurance company (IIPM Publication)

ING Life is one of the most successful insurance companies, registering $1.41 billion in premium income in 2004. The financial, telecom and other service sectors are truly the most lucrative sectors to do business in South Korea.

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Source:- IIPM Editorial, 2006

Political gamesmanship over India’s reservations policy could cast a shadow over India’s ambitions of emerg¬ing as a global economic power in the 21st

But really, the prime difference is that it seeks “not just equality as a right and a theory, but equality as a fact and as a result.” Interestingly, ‘affirmative action’ was introduced as a temporary remedy until a level playing field was achieved for all. But interestingly still, even after 40 years since its introduction, the policy continues to stay as a policy; perhaps just like Indian reservations would...

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Source:- IIPM Editorial, 2006

Publication and Research, IIPM

According to a chartered accountant, “the FBT will be a nightmare for employees and accounts departments of companies; a headache for chartered accountants who will be burdened with silly and cumbersome calculations; and a windfall for the corrupt”. A majority of tax lawyers and chartered accountants have repeatedly called this tax ‘unconstitutional’ and an assault on the freedom of tax payers.



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Source- IIPM Editorial, 2006

Publication and Research, IIPM

How true this analysis would be with respect to Bharti remains connected to the question of how dynamic and vibrant would the Bharti group continue to remain, given the new, and yes, the old Despite the Bharti group's structure (see chart below), it is Bharti Tele- Ventures, with the Airtel brand, with Rs.79 billion 2005 sales and with 12 million customers, which is the flagship brand.

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Source:- IIPM Editorial, 2006

Publication and Research, IIPM

As per Aerospace Industries Association of Canada (AIAC), gross sales were $21.7 billion in 2004, with exports reaching a record high of $18.3 billion – 84% of total sales. Diamonds are a recent discovery that has added sparkle to the Canadian economy. First major discoveries were made in the Northwest territories in 1991, and Ekati – the first diamond mine – became operational in 1998. Statistics Canada states that Canada is now the world’s 3rd largest diamond producing nation showing immense potential.

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Source:- IIPM Editorial, 2006

Publication and Research, IIPM

Suing the company is Jody Gorran, who, after two years of religiously living by the Atkins diet, found himself at the operation theatre for an angioplasty due to 99% blockage of his arteries. Defending the Atkins program, Dr. Stuart L. Trager testifies, saying, “With the ongoing low-carb research, we can come to the conclusion that when heart health is threatened due to significant obesity, a controlledcarbohydrate approach is more effective at weight loss and, in turn, savinglives.” Yet, the report of a consumer advocacy group divulges that the model Atkins dieter Mr. Atkins himself, at the time of his death, was overweight and also suffered from heart disease! His demise struck the death blow to the ‘lowcarb’ fad, with the majority Atkins aficionados dropping off this regime.

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Source:- IIPM Editorial, 2006

Parliament should pass the Bill for tribal land allocation (IIPM Publication)

For the umpteenth time, it looks as if the proposed Bill to allot land to tribal communities will not be passed by the Parliament. Despite the Prime Minister Dr. Manmohan Singh taking personal interest, a strong tiger and forest conservation lobby is putting up such a resistance that a final version of the bill might not be presented to the Parliament even during this oncoming winter session. To compensate for centuries of cruelty and neglect, the bill proposes to allot 2.5 acres of land to each tribal family residing in their traditional dominions the forests. These rights would be non-transferable and would offer these families a secure and regular supply of income.

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Source:- IIPM Editorial, 2006

Publication and Research, IIPM

Latest research done by OECD, World Bank and the IMF reveals that Caribbean and African nations are the worst victims of brain drain to developed countries of the west. In terms of sheer number, China and India lead the list of brain drain affected countries. Yet, because of a large pool of skilled manpower that enters the work force every year, the two nations lose a modest percentage of their skilled manpower every year. In contrast, the average for sub-Saharan African nations is a heft y 50%. The situation is far worse in the Caribbean. Jamaica and Haiti lose 80% of skilled graduates to brain drain every year, while the figures for Guyana and Surinam are 86% and 90% respectively.

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Source:- IIPM Editorial, 2006

Power supply and Economy(IIPM Publication)

For the record, there is an easy explanation to the increasing power cuts. As the economy grows at a sustained rate, demand for power is rapidly outstripping supply. Peak hour power shortages now run at 16%. In industrialised states like Maharashtra and Gujarat, they run at more than 30%.Ask any analyst and she would tell you that this will worsen before there is any chance whatsoever of the situation improving. Why?

Source:- IIPM Editorial

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Copyright: IIPM, 2006