Friday, December 28, 2007

There is a fair amount of investment in HR, especially in training etc...

The investments that Godrej makes in its employees is revealed by Sumit, “There is a fair amount of investment in HR, especially in training etc... The basic work of human resource is done by the people who manage the line. So I would say that we spare a fair amount of time.”

Hence, the company moved along a path that was ‘development’-oriented rather than being ‘control’-oriented (that was present earlier). The entire human resource functionary in GCPL stems from the top management as Sumit avers, “Adi Godrej, our chairman, is deeply involved with most of the HR initiatives. He holds a chairman tea once or twice a month, wherein, he meets up with new recruits, speaks to them, listens to their issues and also tries to outline the plans for the Group.”



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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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Wednesday, December 12, 2007

The IAF has finally got a nod from the MoD to replace its obsolete fleet of combat aircraft

The MIG 21 procurement programme, which began in the 1960s, continued to the late 1980s (a vast majority was produced under licence by HAL), adding almost 1000 flying machines in the arsenal of the IAF. The situation began to change, when the ‘revolution in military affairs’ (RMA) was triggered by stupendous strides made by information and communication technologies. “Quality began to replace quantity as the concepts shift - ed from ‘platform centric’ to ‘network centric’ warfare. The Indian defence establishment was concerned with the poor quality of the avionics of the Soviet-era machines and the acquisition of F-16s by Pakistan (1983) made the defence establishment think afresh,” said Group Captain (Retd) Sukumaran, while talking to B&E. Although some inductions were made in the form of MiG 29s from Russia and Mirage 2000 from France, the numbers were too small to make any substantial difference. The purchase of Su-30 MKI was the only comprehensive acquisition since 1988. Furthermore, inordinate delays in procurement process coupled with political & economic hassles (during the Prime Ministership of Narasimha Rao in the early 1990s) prevented the IAF from upgrading its fleet. The old & obsolete MiG 21s (125 MiG 21s have been upgraded to Bison standard as a stop gap arrangement) still continue to be the mainstay of Indian air power, bearing testimony that the recent acquisition proposal announced by the Defence Minister is too little and too late.
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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Wednesday, December 05, 2007

Pakistan perennially remains the emotionally disadvantaged Siamese sibling of India

So what’s the solution for India to use? In reality, none but hyping up the fact that India is militarily far mightier than Pakistan. And that is because till date, the mentality of successive governments of Pakistan has bordered on being inanely childish, with diplomatic meetings being radical rants than intellectual discussions! And to such herds, it is not ‘tire’ diplomacy that works, but ‘fire’ diplomacy. And that is how India has to earn peace... through fear, and not through love!
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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Thursday, November 29, 2007

Ford Motor’s unending odyssey?

Ford said that about 27,000 of the union workers who acknowledged the buyout offers have gone away from the company, till now. Nearly 37,000 United Auto Workers (UAW) union employees had accepted Ford’s offer as part of the company’s ongoing reformation process. The automaker, which recorded a record loss of $12.7 billion in 2006 and a loss of $282 million for the 2007 first quarter, is planning to bring about an immense change. For this, Ford is in a four-year turnaround plan aiming to slash 16 plants and up to 45,000 jobs. Ford has however revealed that it has about 700 workers assured of nearly full wages and benefits when the automaker eradicates work or closes factories.
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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Wednesday, November 21, 2007

A Director’s bold attempt at “Message in a Movie”

“‘I’m interested in making films that deliver some message to the world... where the Director becomes completely invisible and ‘reality’ plays.” Set for release in September, in both Hindi and English, the movie stars Javed Jaffrey and Nandana Sen. Interestingly, a movie about the evils of poaching, is likely to have a much greater impact on public conscience at large than other forms of awareness campaigns undertaken so far. Kumar is upbeat about how the movie will be received. Says he, “The good news is that the world is ready to receive such reality bites! I think even the Indian audience is fed up of music and dance and is waking up to such stuff”. Looking forward, the Director has trained his sights on plucky issue of Islamic fundamentalism with his next project dealing with the issue “in a very humane manner.” Now, here’s a Director who’s harnessing the medium for a message.
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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Tuesday, November 13, 2007

GoAir is only concerned with the domestic traveller & that too the ones minding their ‘budget’


Presently, his airline operates 396 weekly flights to 11 airports across the country, boasting the highest load factors for the past 6 months (90%). The carrier also does not tire of peddling the fact that it has the highest market share per aircraft in the industry. Like other low cost airlines, Jeh is also focusing keenly on train passengers to boost the bottom line of GoAir. He points out that the cost structure of GoAir was specifically tailored to deliver a product & service to this target audience, “Initially, the torture test to this was ‘who was the customer, how much do they pay’? Then work out the cost structure backwards & understand whether you can make money with this cost structure. We decided to move forward based on the fact that this (GoAir) is a good financial investment.” Considering that most aviation players today are in the red & consolidation is the golden buzz word in the industry today, does Jeh have an action plan lined up for taking GoAir forward? Ask him & pat comes his reply, “Consolidation will benefit those who want to cover all points of travel: domestic full fare, low cost & international, covering the entire gamut of 1 billion potential fliers. Take Naresh Goyal, he consolidated in the domestic market first & is now leveraging the domestic market share to fl y international. Mallya is consolidating because he needs to come to the same size as Jet & Air India to go international. GoAir is only concerned with the domestic traveller & that too the ones minding their ‘budget’, so we are comfortable.”
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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Thursday, November 01, 2007

Maharashtra government’s Dharavi development policies need to be fair to the residents

Reacting to the government policy, Babo Rao Mane, President, Dharavi Bachao Samiti & Ex-MLA Shiv Sena told B&E, “We are totally against it and will wage a war against this injustice. The families residing here should get a minimum of 400 square feet each. We have 1,50,000 families living here, but only 67,000 are getting an apartment, which is unfair to the others.” The builder mafia is ferociously ambitious to grab this prime land (worth $10 billion) and convert the garbage dump into a gold mine. The lure for lucre is so great that foreign builders, Emaar & Al- Nakheel (from Dubai), an investment fund from New York and our domestic giants Reliance, DLF, Larsen & Toubro, HDIL et al, are vying to have a piece of cake. Talking about the bids, Ashok Kumar Gupta, Director, HDIL said to B&E, “We are looking forward to the bids for rehabilitation of Dharavi slums. We have a strong presence in Mumbai and our company has several on-going slum rehabilitation schemes.” Babo Rao Mane however feels that, “The government has sold out to the builders lobby. Earlier, government said that they will take the consent of 70% people at Dharavi, but then conveniently broke this promise. Government is resorting to dadagiri.”
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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Tuesday, October 30, 2007

Make a smart choice

Being smart isn’t that easy and so it was for the smart phone. Make a smart choiceInitially being mistaken for fancy looking cell-phone when it was introduced a decade back, it appears that its true identity revealed, has created a wide consumer base to match its genius like capabilities. To use this marvel merely for texting or calling your loved ones would be simply blasphemous! More of a computer with cell phone abilities & not vice versa, the ‘smart’ title is justified by their capabilities for data processing, e-mailing, organising & in some cases wireless connectivity features. Smart phones have become an integral part of our lifestyles.

According to Gartner analyst Todd Kort, “Global PDA shipments exceeded 5.1 million, up 39.7% compared with 1Q06. 71% of all units shipped had integrated cellular capabilities.”
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Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Monday, October 22, 2007

SREI International Finance Ltd

Well, this confidence is not all about great financial numbers. It also stems from the fact that SREI has excelled in an area that the larger banks haven’t really entered with a focussed aggression HEMANT KANORIA, VICE CHAIRMAN & MDthe way SREI has (more on that later). But with the Prime Minister saying that $320 billion is needed for infrastructure in India over the next 5 years, Kanoria admits, “It’s not just one company SREI that would be in a position to capitalise; there are so many other companies who can just come in.” And if larger banks, particularly post-2009, get more active in this segment, it could be indeed difficult for SREI to retain its pole position. The main reason is that banks have much cheaper access to capital & can wreak havoc with SREI’s margins. Its sources of funding are basically restricted to wholesale funding, securitisation & equity issuance. And rising interest rates would make its job even tougher, as it may not be possible to pass on the increase to the customer. Is the company in a position to sustain its dream-run amidst such environmental uncertainties?
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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Monday, October 15, 2007

..are prominently bright

CIA reports reveal that, Poland had received $100 billion FDIPoland (foreign direct investment) and inflow of FDI has exceeded over $10 billion in 2006 alone. The country is now known as ‘Flying Eagle of Europe’ due to its sustained remarkable economic performance. Poland boasts of 99.8% literacy rate. Rapid growth of privatisation has generated a whopping 300,000 jobs last year. Exports for the year 2007 are estimated to cross 100 billion euros!

With increase in entrepreneurial energies & private sector’s role in the economy, the magnitude & momentum of growth will only head North Pole!
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Source:
IIPM Editorial, 2006

An
IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Thursday, October 11, 2007

Bharti reveals made for each other plans

Seems that telecom operators in the country have started to feel the heat. Soon after Vodafone Essar anounced its plans to launch a series of ultra low-cost handsets bundled with connections, Bharti Airtel had no choice but to follow suit. The No.1 tele-service provider in the country will, from now on, package handsets along with mobile connections at ‘subsidised’ rates. While other players have in the past indulged in bundling offers with handset makers, for Airtel, this will mark the first time at such a deal. And it’s no speculation.
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Source:
IIPM Editorial, 2006
An
IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Friday, October 05, 2007

The River That Dyes

Tirupur, the textile hub of southern India, has crossed Rs.110 billion in earnings from textile exports, according to Tirupur Exporters Association (TEA). But there’s a price for this too! And in this case, the price is something too much to bear. Here it is – the death of river Noyyal, a tributary of the Cauvery. The city which is located upstream, had used water from Noyyal for years for its dyeing industries. It is a known fact that bleaching and dyeing processes are water consuming and highly polluting. It has been calculated that Tirupur has more than 700 dyeing units. All the effluents with salinity and heavy metals from these units find its way into the river Noyyal, shockingly untreated! The water with effluents gets stagnated in a irrigation dam downstream at a place called Orathapalayam. And the consequences have been quite far reaching. Land upto three kilometers on either side of the dam at Orathapalayam have been affected and adding to it the groundwater has also been seriously polluted. All of it has meant death to agriculture in that region and has made way for devastating and debilitating diseases. The water at the dam was blocked for a long 10 years & the silence was finally broken on August 22, 2005 when the Orathapalayam dam (which was filled with polluted water to the brim), was opened and the polluted water ran through Noyyal downstream and the water flushed into the Cauvery. The end result was that the toxic sludge settled on Cauvery’s river bed. “It is estimated that 30,000 acre cultivable land was affected by pollution and has became uncultivable. From Tirupur until it joins Cauvery near Karur... it runs through 57 long kilometres... And all along one can only witness the devastation!” laments a local journalist.
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Source: IIPM Editorial, 2007
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Tuesday, September 11, 2007

The Indian bureaucracy is well known for designing lopsided development models.

New Delhi is not only the capital of the country, but has also gained the dubious distinction of generating the largest amount of waste among all the metros. According to an Assocham study, “Delhi generates about 6,000 tonnes of solid waste per day as against 5,800 tonnes in Mumbai, 2,800 in Bangalore, 2,675 tonnes in Chennai and 4,000 tonnes in Kolkata.” The study further reveals that in Delhi alone, there are nearly 85,000 rag-pickers who collect around 900 tonnes of waste. The Municipal Corporation of Delhi (MCD) spent approximately Rs.24 billion for garbage management during 2006-07. But the results are rarely visible and the city continues to stink. Ramapathy of Greenpeace India told B&E, “Currently, there are two ways to manage waste in India – one is landfills and the other is incineration. However, the latter one being a failed method of waste management, landfills is the method which is extensively practised. Although, landfill is a better option than burning the waste, but it is not a foolproof method. Many times the chemical waste seeps into the ground thus contaminating the groundwater.”
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Source: IIPM Editorial, 2007

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
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Wednesday, September 05, 2007

The i-Pod falls flat...

2.7 out of 10! Well, these are not the marks of any of the backbencher in a high school grade but represent the score of Apple in the latest Green Electronic Guide Rankings released by Greenpeace. In simpler words (for all the die-hard Apple fans), Apple has been ranked as the worst electronic firm in the world in terms of its policies and practices of eliminating harmful chemicals from its products.
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Source: IIPM Editorial, 2007

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Thursday, August 30, 2007

Green? Talking of dollars right?!

The Incas called it ‘liquid gold’, and right they were, for how else would you justify the thundering profits that oil bigwigs raked-in during 2006?! But while their fi nancial sheets are ‘things of beauty’, can the same be said about their acts of demolishing the ecology?

Well, ask the environmentalists who argue that their ‘oily’ fat profits only de- note our acceleration towards reducing Earth to a graveyard! So shouldn’t the multibillion dollar oil-guzzling machines listen obediently to ‘go-green’ saints & invest billions on green alternatives’?

B&E,4ps & IIPM Publication

For Complete IIPM Article, Click on IIPM Article
Source: IIPM Editorial, 2007
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Saturday, August 18, 2007

The NEP on paper is a reality now, but in reality is a distant dream


Additionally, the NEPIIPM CAMPUS has very strangely ignored the role of state governments in improving environmental standards. This despite the fact that most of the issues under the term ‘environment’ are within the powers of the state legislatures. But the strangest fact is that the NEP has been framed without a proper demographic study, thus clearly ignoring the differences in social lifestyle of people across regions, which decides the method of polluting and level of pollutant added to the environment. Hilariously, the NEP doesn’t even encourage public’s participation in improving the environment. Until all these flaws are corrected, the heading of this article will remain, unfortunately, true!
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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Monday, August 13, 2007

Unicredit empowers Capitalia!

UniCredit has entered into agreement terms for buying CapitaliaUniCredit Bank for $29 billion. This would help create the second biggest bank in Europe. The boards of both the banks have approved the takeover components. This completion of this merger would strengthen UniCredit’s position as Italy’s largest bank in terms of market value and also puts a stop to years of speculation as to who would take away Romebased Capitalia in a rapidly consolidating industry.
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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Thursday, August 09, 2007

Mastered and perfected…

I figure it this way: The first time a customer chooses your brand, you have stepped into a friendly affiliation with that customer, and how a customer decides and continues to value that relationship will determine how much value the company further derives from the association. Louis Vuitton, Cartier, Mercedes, Lexus, Google, Microsoft, Nokia, Wal-Mart, Gillette, China Mobile; name any brand worth its name: that’s precisely the practice that each of them have learnt, mastered and perfected…

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Wednesday, August 08, 2007

No doubt, it’s No doubt, it’s a hit and run case!

It takes two and half to tango! To be precise, two and half years. An empirical research carried out by ICRA of rate hikes and its effects reveals that (ill)effects of hikes percolate after two and a half years of its implementation in the Indian economy. Just a quick recapitulation – the Reserve Bank of India (RBI) has raised borrowing costs nine times since October 2004! So you now know how to interpret these rate hikes, which has found few supporters and the rationale behind the hikes is still boomeranging all around. The fate of India Inc., which managed to capitalise well on the crest of India’s economic cycle, now hangs in balance, as fears of a possible trough in the economic cycle becomes eminently imminent.

A survey conducted by Federation of Indian Chambers of Commerce and Industry on 418 companies showed business confidence index sliding to 69 points during the fourth quarter of 2006-07 from 75 points, as compared to the figure of 75.5 points during the same period of the last year. The business confidence of India Inc. fell on fears of falling demand for housing, construction and automobiles. However, here’s some good news for the weak-hearted: A majority of pundits are of the opinion that interest rates might have peaked, but mind you, so have the profitability of the Indian companies. The FY07 performance of companies listed in India appears good considering the fact that consumerism (domestic demand) in India is at its life-time high, coupled with company favourable global macro-economic indicators like higher crude oil and metal prices. Results from telecom, cement, banking, automobile and metals space is a testimony to the above statement.
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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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Thursday, August 02, 2007

Faith, and hope are all pervasive.

That doesn’t really surprise a majority of economists and analysts. Says well known economist, Jay Dubashi, “In my view, it is an anachronism to have a market economy a n d five year plans together. It is not possible. Both are contradictions in terms.” Of course, no one denies that planning remains a critical requirement even for modern capitalistic economies (See box). Yet, those are the strategies adopted by policy makers for Five Year Plans and the manner in which they are implemented that have spelt doom for the otherwise noble aspirations of Five Year Plans. The Tenth Five Year Plan is a classic example of why and how planning – despite its immense promise and potential – has failed in India.
For Complete IIPM Article, Click on IIPM Article

Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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Tuesday, July 31, 2007

Tata’s unabated expansions could prove costly

What’s worse is that this time, it has set aside a heftier Rs.700 billion as planned investments to be infused in the steel business over the next 7-8 years. Worst of all, potential high-growth sectors like IT, hospitality & retail have received an allotment of just Rs.150 billion – a deplorable 12% of the total earmarked value!

Interestingly, the announcement was accompanied by Tata Sons raising their stake from 19.1% to 22.78% in Tata Tea. So are they gearing up for another of its inorganic move? Also the last time they made such an announcement, it was timed with the commencement of their financial arm – TML Financial Services. Then they moved ahead with investments in the illogical ‘Rs.1 lakh’ dream car & followed it with VSNL’s acquisition of Direct Internet Ltd. for $16.7 million. So will it just be paper dreams for the Tatas again, just like 2006? And will 2007 also involve stake sales in family jewels like TCS? And last but not least, how much ‘crazier’ can the Tatas afford to get?
For Complete IIPM Article, Click on IIPM Article

Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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Wednesday, July 11, 2007

Deutsche Bank is continuously expanding its presence in key emerging markets globally

Boasting deposits and investments in India to the tune of Rs.43.8 billion and Rs.32.61 billion respectively, Deutsche Bank’s comprehensive range of retail banking services provides an excellent banking experience to consumers. Here are some of them – special credit cards with enhanced customization and convenience, and sophisticated advisory services that empower customers to realise a 360 degree optimization of their finances, have been some of the key differentiators for this bank in the Indian retail banking arena. The recent decision to raise interest rates on fixed deposits by 50- 165 basis points will certainly have a healthy impact on their balance sheet in the near future. Going by their tagline, Deutche Bank’s ‘passion to perform’ is at an all-time high for now!
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Source : IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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Thursday, June 21, 2007

The ad leaves a sour taste

While the sky wars have become the talk of the town, the Big Bazaar campaign has not gone down too well with many sections. “People go to Big Bazaar looking for bargains and not for style, which they get in Westside, Shopper’s Stop and oth- ers. Pepsi and Coca-Cola snapping at each other makes sense but not this one. The ad leaves a sour taste,” says ad guru Prahlad Kakkar.

Ironical as it may sound, Big Bazaar recently raised objections to an ad by Subhiksha, where the discount store has hinted at Big Bazaar strategy of offering different prices on different weekdays. Ah! Divine justice?
For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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About IIPM ! IIPM Programmes ! IIPM Placement ! IIPM Alumni ! IIPM Alliances ! IIPM Ranking ! IIPM Director's Desk ! IIPM Dean's Message ! History of IIPM ! IIPM Mission ! IIPM Curriculum ! IIPM Project Based Learning ! IIPM GOTA ! IIPM Dual Specialisation ! IIPM Faculty ! IIPM GOP ! IIPM Campus Resources ! IIPM Campus Events ! IIPM Sports Club ! IIPM Support Services ! IIPM Campus ! IIPM Libraries ! IIPM Cafeteria ! IIPM Academic Centres ! IIPM Wilton Park Reports ! IIPM Feedback ! IIPM Links ! IIPM Sitemap ! Contact IIPM !

Tuesday, June 12, 2007

A kiss can evoke fond sentiments

What is worse is that now many sinister corporate lobbies masquerading as activists are misusing PILs to settle scores or fix and harass opponents & rivals. Some Supreme Court judges have gone to the extent of calling them PILs. In some instances, higher courts have even imposed penalties on frivolous or ‘motivated’ litigants.

The PIL was and is meant to allow courts to correct grave miscarriages of justice and provide a window of hope to poor and helpless Indians, who did not have the resources to crack the labyrinthine maze of the Indian legal system. That noble cause now stands perverted, thanks to busy bodies, corporate lobbies and a handful of judges. Shall we continue to hear anguished wails from senior judges or will something specific be done to stop the misuse of PILs?

For complete IIPM article click here

Source:- IIPM Editorial, 2006

An IIPM and Management Guru Prof.Arindam Chaudhuri's Initiative

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