Tuesday, December 23, 2008

The renovation of the Jallianwala Bagh is drawing a lot of flak from veteran patriots, but the old order is yielding place to the new.

However, most of these protests have fallen on deaf ears. A public interest litigation filed in the Punjab and Haryana High Court in September 2008 was dismissed, and the initial stay given on the petition was vacated. The order of dismissal signed by Chief Justice TS Thakur and judge Surya Kant says: “If the Government, the Trust and the Managing Committee have put their heads together and conceived a plan intended to revitalise and preserve the Memorial (sic)for the future generations, we see no reason why the petitioner should find fault with the same, particularly in exercise of the extraordinary public interest writ jurisdiction of the court.”

The background goes like this. In 1923, the trust purchased land for the project from the Jallewala Sardars at a hiked-up price of Rs 5.65 lakh. The money was gathered by an international appeal for a memorial issued by Mahatma Gandhi. The British Government in India was keen to turn the Jallianwala Bagh into a cloth market so that all traces of the incident were wiped out. Nationalist leaders, however, formed a committee headed by Madan Mohan Malviya. The land was purchased from the Jallewala Sardars at a hiked up price of Rs 5.65 lakh.

The money was gathered by an international appeal for a memorial issued by Mahatma Gandhi. The upkeep of Jallianwala has been with a Mukherjee family of Bengal. S.C. Mukherjee, an associate of Malviya, was appointed the first secretary of the Trust. It subsequently went to his son and now to his grandson S. Mukherjee. A memorial designed by American architect Benjamin Polk was built on the site and inaugurated by the then-President of India, Dr. Rajendra Prasad, on 13 April 1961, in the presence of Jawaharlal Nehru and other leaders.

A flame was later added to the site. However, the past few decades have seen the monument in neglect and decay with only a fraction of the people who come to the splendorous Golden Temple next doors visiting it. Interestingly, the Jallianwala Bagh National Memorial Committee is headed by the Prime Minister of the country. But in spite of the high profile management, the memorial suffered complete neglect during the past many decades.....Continue

Thursday, December 18, 2008

Parties in Kerala are looking at this proposal from different angles. The news has certainly delighted LDF who had received Jamaat’s support in the last assembly Jamaat-E-Islamielections. The Front has already busied itself in building up an alternative Muslim vote bank to counterbalance Muslim League, a constituent of Congress-led United Democratic Front (UDF).

In this regard, the only catch, so far, is People’s Democratic Party (PDP) led by Abdul Nasser al Madani, who was acquitted in the 1998 Coimbatore bomb blast case, aimed at eliminating BJP leader LK Advani. Right-wing National Development Front (NDF), known for its extremist Islamic views, attained influence and strength during the nine year-long incarceration of Madani, causing CPM and PDP grave worries. Till date, it gives PDP sleepless nights.....Continue

Wednesday, December 17, 2008

Lakhimpur Kheri, stands a lonely house… and here they say, an old tiger still roars

As an adult, Billy returned from the army after the second great war and moved to these lands bordering the forests of Dudhwa, hoping to make a living as a farmer. It was difficult because these lands were overrun by stray and wild ungulates, and yet Billy succeeded in running the farm in the lap of nature, sharing its bounties with the wild animals who frequented it. Around the same time, in the 1960s, he took up cudgels against the rather popular sport-hunting outfitters who organised trophy hunting expeditions for rich paying clients. Billy was almost single-handedly responsible for driving them out and having the government ban trophy hunting for good. In a way, he was atoning for the transgressions of his early days. And Dudhwa, especially its rare barasinghas, owe an invaluable debt to this man for dedicating his life to protecting the park from poachers, land grabbers, and securing the future of this deer.

But when I ask him of his legacy, he seems unsure. “Democracy will kill the tiger. There are just too many of us and soon these forest too will have to go. What can you do?”, he says. I’m saddened to hear him say that. I was hoping that he, more than anyone else would hold out defiant hope. After all, isn’t he the most decorated conservationist in the world, having won awards and appreciation from all quarters and corners and isn’t he the man who poachers still fear? And isn’t he the man who has repeatedly achieved the impossible, whether it be protecting a forgotten landscape from eternal destruction or be it successfully returning hand reared leopards and tigers back to the wild. “What can I do? I’m an old man now. Everybody I know is gone. I’m just waiting for the end. Soon, I’ll be gone too… and so would the forests.” I must’ve looked crestfallen, and I was. Though physically much taller, I felt dwarfed by the majesty and aura of the man. I must’ve seemed like a sad little boy who’s had his last shred of hope wrenched away from his hopeful heart. The affectionate old man seemed to take pity on the little boy sitting across him and his eyes softened… “I haven’t given up yet. I might be old but I’m not going to quit. I’m still working hard… I can’t give up the fight.” There’s fire burning in that belly yet… the old tiger roars still… ....Continue

Saturday, December 13, 2008

Decentralisation has done more harm than good to India….

Likewise, even though law and order remains a state subject, wherein the states continue to fight against the formation of a central law enforcement agency, these very state bodies literally seem to destroy policing in their respective regions. They have not only kept the force subservient to the polity’s dictums, but have also created lack of amenities, training, low remuneration and defunct intelligence machineries, contributing to create a demotivated force that repeatedly fail to perform duties proficiently. Be it hooliganism in Mumbai, riots in Orissa and Karnataka or relentless terror attacks across India, the states seem to remain clueless of any appropriate actions. Its only when things go absolutely out of control that they seek help from the Center. Similarly, agriculture, being a state subject, remains shackled till date. The sector not only faces complete lack of capital investments but also sees relentless suicides of debt-ridden farmers.

Today's identity politics (and the resultant violence) is a residue of the aspirations of regional political parties, trying to consolidate their regional vote banks with utter disregard to national integrity. A strong central government, with more discretionary powers, would have perhaps created a far better India than what it is today. Nothing can be worse than witnessing terror rattling India when foreigners are mistreated in s Goa, or when non-Marathas are beaten up in Maharashtra. The Union Government, knowing that law and order is but a state subjects, chooses to remain a mute spectator; and it seems it shall remain so that even if this fallacy someday destroys the very concept of India, disintegrating it altogether.....Continue

Friday, December 05, 2008

Karnataka State Cricket Association

He has been bowling for India continuously for 18 years. To sustain and to be successful for a long time in a team, one must cope with different kind of pressures. The generation after Anil also has to cope up with the pressure in both forms of the game – the traditional test format and modern limited over format. The two formats demand different modus operandi while bowling. Adapting to the two forms of the game is not easy and the fact that Anil has done it perfectly proves he is one of greatest players India has ever produced.

Wherever he played, whatever may be the condition, he played for Team India. He is a complete team person. Imagine a bowler coming in with his jaw strapped, or 11 stitches to his non-bowling hand. That’s determination personified. I once told him that bowling from a short run-up would put heavy pressure on his shoulder. He changed his bowling style and adopted his own run up in later stages. He is a great learner of the game. There are two types of players – one who quits the game finding it boring; another, who continues to play just for the sake of playing. But Anil stands apart, as mentioned before – he never entered the field unless he thought he was 100 per cent fit to play. I respect his decision to say 'Good bye' to international cricket. I do not think a player who played for the country even when he was injured and led the team towards victory will take a wrong decision.

Coming to the other part, Anil and his gentle approach to everything – no matter whether it is professional or personal – always caught my attention. I have neither seen him losing patience nor ever speaking aloud. There were times where I advised him when he was down. He lent his ears attentively to me and took in passionately whatever I said. Though I am not active in cricket, he is still in touch with me; he occasionally comes to my home for dinner and, of course, he invites our family over as well. He is a true gentleman. Anil is a great ambassador of cricket and the nation. He is a great inspiration and a good friend, whose smiling face never fades. None can fill the vacuum he leaves behind. Gems like Anil come but once in eons. Team India was lucky to have had the services of this rare gentle gem. ...Continue

Monday, December 01, 2008

Olive branches: political maths

IIPM Publication
The octogenarian Chief Minister of Tamil Nadu M Karunanidhi is into his political maths once again. The Diravida Munnetra Kazhagam (DMK) has tried to woo back the estranged Pattali Makkal Katchi (PMK). Last week, Union Minister for Surface Transport TR Balu met Dr S Ramadoss, chief of PMK and conveyed his leader’s rapprochement message. Ramadoss said he would consult his party colleagues. The meeting was kept a secret. So secret in fact that the DMK’s organ Murasoli’s scribes too did not know of this, and Murasoli continued it’s tirade against PMK. However, the news leaked out after two days, and immediately senior functionary of the party, Naganathan hastily telephoned Ramdoss about the faux passé. Things are tough for the ruling DMK these days. It went to the 2004 Parliamentary elections with Congress, PMK, CPI, CPM, MDMK on its side. But over the years, the alliance eroded. First it was MDMK to go. Then PMK, and finally the communist parties, citing DMK’s support to Indo-US nuke deal. Now the only partner is Congress but its members are peeved for not getting a share in power. The DMK, with 96 members in the Assembly, is running a minority government with support from the Congress. With the general elections nearing, DMK’s voice in the UPA is not as powerful as earlier....Continue

Thursday, November 06, 2008

ARGENTINA: BOND BUYBACK

Though the Argentinean government is already into its third week of a debt buyback programme (has bought back $430 million worth of its 2008 and 2009 bonds) to bolster investor confidence, but it hasn’t been of much help. “Bond buyback by government has boosted some investors’ confidence. But still a lot more needs to be done to restore Argentina’s lost credibility,” P. B. Henry, Professor at Stanford University and an expert of Argentinean issues tells B&E. Certainly at 50% (an estimated $140 billion) of GDP (market exchange rate), Argentina’s public debt is still large. In fact, this is only a bit lower than the level (53%) immediately before the 2001 mayhem which had seen the economy shrivel by 15%, unemployment rate mount to 21% and poverty engulf 56% of Argentines. Moreover, the current estimate also does not include $23.5 billion in debt held by the holdouts (those who refused to accept the terms of the 2005 restructuring). If this is included, the ratio is surely over 60% of GDP.....Continue

Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

Read also :-

Wednesday, October 22, 2008

The Fighter Factory of Bhiwani...

...and the man behind it who’s already trained his eyes on London 2012!

What makes Bhiwani so different from other districts of India, indeed other districts of Haryana for that matter? I pondered over this vexing question as my car sank into yet another mammoth pothole (a crater actually) littering the main Bhiwani road like Small Pox marks. The city...er...no, the town is ordinary, even less than ordinary, but somehow its dreams are nothing short of extraordinary.

As I arrive at the focal point of these brave dreamers, Bhiwani Boxing Club (locally known as the BBC!), the mystery deepens. The club’s courtyard, approach road and a volleyball court are shin deep in water from an overnight downpour, yet the place is buzzing with excitement. Several broadcast vans from different news channels are parked precariously on patches of dry land, jostling for space, a sight which incidentally is not so uncommon in Bhiwani nowadays. The man behind all this excitement, Coach Jagdish Singh, whose unfailing passion and devotion towards popularising boxing in Bhiwani and even Haryana is the reason for the hype, is praying. He keeps praying through Vijender’s semi-final match, his wards periodically updating him on the scores....Continue

Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

Read also :-

Monday, October 13, 2008

Do you have a coach for the captain’s job?

Q: What’s the biggest hiring mistake you have ever made? (Stephan Klapproth, Zurich, Switzerland)

Ans: Would you believe that with about 60 years of combined experience, we’ve made too many hiring mistakes to name just one? It’s true. Now, many occurred when we were newer at this game, but picking the right people never gets easy. Just last month, we almost blew it twice, saved only by a last-minute eureka in both cases. Incidentally, even as we were in the midst of making these almost-mistakes, we were cringing a bit, concerned we were off-track. And yet we forged ahead, feeling simultaneously hopeful and helpless. Our candidates seemed bright and shiny enough, and we were just so tired of interviewing when there was real work to be done. Of course, hiring is real work. Given the central importance of your people, it’s as fundamental as work gets. Yet too often we rush headlong into its painfully common pitfalls.

Take our first near-miss last month, when we almost gave into the universal impulse to hire a person who looked too good to be true. There she was with an Ivy League degree, several technology jobs at solid companies and exactly the skills we needed. Well dressed, well spoken, charming, eager – the works. Even her salary requirement was in the low range....Continue

Saturday, October 11, 2008

If McCain’t the guy, is Obama?

Who, among the two, will be more preferred by the ‘white’ nations?

To the amusement of everyone, a Southern Manmohan singh and George BushCalifornia Think Tank has inferred that the intelligence of a person has an indirect relation to his liking for President Bush. In other words, if you dislike Bush, you’re intelligent, and if you do, you don’t need to read the report. Though that’s putting it quite simplistically, the fact is that despite Bush’s strong arm tactics towards certain countries, he had ensured that the ‘white’ nations (well, almost) remained allies – more or less – of the US. The question now is, will the seeds of propelling amicable foreign relations sown by Bush be nurtured just as well by Obama or McCain? While Obama keeps harping that he would do everything within his power to prevent Iran from indulging into nuclear activities, the much speculated ‘could-be’ President is still indecisive about visiting Iraq or for that matter even Iran; and on the other hand is sweet old McCain, who has been constantly persuading Obama to undertake an Iraq trip. While Obama has been accused of lack of foreign policy experience, in contrast stands McCain, who has served four years or so in Vietnam, has been a prisoner, and in his many years as Senator and political player, has influenced and lobbied for and against many foreign policy decisions....continue

Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

Read also :-

Friday, October 03, 2008

Yes, Dr. Singh! It’s a huge crisis that looms in front of us; yet, it’s an excellent opportunity to display great leadership and become a statesman!

It seemsProf. Arindam Chaudhrui that the ruling United Progressive Alliance (UPA) is all set to gift away a comfortable victory for the Bharatiya Janata Party and its allies in the forthcoming Union elections, with the latter doing nothing much to earn it. Looking at the way things are happening, it is as if history is repeating itself. It was not very long ago that onions had taken away the sheen of whatever good work that the then National Democratic Alliance had done. The electorate had then ruthlessly stripped them of their power, showcasing the crude fact that the Indian electorate posses extremely short memories, particularly when it comes to elections. And this time, no one else is realising it more than the ruling UPA. They realise that gone is the euphoria they created by gifting the huge Rs.60,000 crore loan waiver for farmers in this year’s annual budget, and that too barely two months ago. And gone along with it is the positive sentiment that was created by the increase in the non-taxable income from Rs.1 lakh to Rs.1.5 lakh. Also gone is the populist Sixth Pay Commission, which was clearly to woo the Indian middle class.

In less than a few weeks’ time, all that the UPA (and not just the Congress) had tried to prove – as being the representative of the aam aadmi – has been withered away by a phenomenon that is taking catastrophic proportions not just within the nation, but globally. The inflation figure, which is hovering at around 7.33%, has been giving sleepless nights to most governments across the world, including the UPA. In fact, UPA should remember quite well how, around a decade back, BJP had to pay dearly by getting routed in three state assembly elections, simply because the prices of onions had skyrocketed. And this time, it is not just onions; prices have shot up across each and every basic commodity, making things extremely difficult for the Congress. And out of nowhere, a disorganised opposition led by BJP, has found a major poll plank to avenge its earlier defeat. And if the UPA fails to reign in the prices, then it is needless to state that it would all be over for them, at least in the forthcoming elections......Continue


Signature of Prof. Arindam Chaudhuri



Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

Read also :-

Saturday, September 27, 2008

Right hair, right now

Finally, a fairytale ending for a timeless ‘hairytale’ ?!
Barring phallus and breast size, nothing in the history of mankind has interested, mystified, intrigued and puzzled humans about personal appearance more than human hair… or the lack of it. Annals have pointed to some bizarre and weird methods to hide male and female baldness. Chinese used to wear Nawaz Sharifhorses’ tails on their heads. Greeks would eat hair to get hair. Some tribes also believed that washing hair with certain animal’s blood would revitalise their thinning hair. Then came the wigs, which were almost patronised by Queen Elizabeth I in 1600s in her court with her legendary red and curly wig. Since then, till early 20th century, almost all men and women of prestige and power customarily wore wigs in the English and the French courts.

And in our times, came the resurrection in the form of hair weaving and hair transplant. Though on the pricy side, it did provide means by which harrowed people could conceal their receding hairlines. However, it was a curative measure rather than preventive.Continue....
Source : IIPM Editorial, 2008
Read also :-

Tuesday, September 23, 2008

Curbing inflation

Curbing inflation seems to be the major concern for RBI. But is the over emphasis on inflation hurting growth? Yes and no! Inflation, which is an iniquitous tax, hurts the poor more than the rich, and must be undoubtedly contained. To that effect, the banking industry seems to have paid heed to RBI Governor Y.V. Reddy’s suggestion (or was it an order?) that “net interest margin of banks was high and there was scope for reducing lending rates.” Considering the fact that non-food credit off-take has come down in the recent past, large banks like SBI, HDFC and ICICI decided to bring down the rates. Thanks to the ‘peer fear’, other banks are falling in line. Increasing credit flow to small scale and medium enterprises, and providing a boost to the housing sector as well as to other productive sectors are amongst the few cited positive effects of the rate slash. But in reality, have banks bent down because of a political diktat from the finance ministry?

Dr. Mukesh Kumar Anand (Senior Economist, National Institute of Public Finance and Policy) rules out the logic, and says “The finance ministry does not interfere with the banks in deciding their rates; the finance minister and the RBI governor merely asked them to consider a reduction in rates in order to boost growth.” But sir, that’s not what many banks are telling us. In fact, the smaller banks are waiting for a deeper rate cut, before following suit. Given the situation, bankers with a good quality portfolio and improved operational efficiency would benefit the most. And the rest will need to shape up. According to Ritesh Maheshwari (Senior Director, Financial Institutions Rating, Standard & Poors), “In 2008, the Indian banking system will continue to reap benefits of a strong domestic growth.” It is expected that prudent monetary policy changes will help bring about the benefit of anchoring inflation expectations. With inflation rate under control, interest rates could come down by 25 basis points or so, or remain stable.

Tied in exchange knots

On a visit to Tirupur, which is around an 80 minute drive from Coimbatore airport, there’s hardly anything that would strike you as particularly spectacular, barring the larger-than-life banners of AIADMK chief Jayalalitha and her party leaders. Even the locals grudgingly admit that there is not one tourist attraction to boast off, and if it were not for the giant strides made as an export hub for knitwear, Tirupur would have had a very slim chance of moving out of obscurity. But move out it did, and how, thanks to Verona, an Italian merchant who recognised the potential and brought in a deluge of business opportunities for these hardworking, entrepreneurial people, mainly from Europe & America. Indeed, the story of Tirupur is, in many ways, a story of the Indian resurgence in manufacturing and exports. Local exporters have been servicing many high-profile international apparel brands like Nike, Adidas, Arrow, Tommy Hilfiger, and departmental chains like Wal-Mart, Target, Sears and Mother Care. In 2006-07, Tirupur’s turnover was a whopping Rs.110 billion.

However, nothing could have prepared these people for the rude shock that came up last year, when the rupee appreciated by almost 14% to the dollar in a very short span of time, making it extremely difficult for them to negotiate better terms with their buyers. Largely unaware of the vagaries of financial markets and hedging techniques, many exporters, who were bullish about expansion till early last year, are now looking for ways to sustain, thanks to business lost to competing countries like Bangladesh, China, Sri Lanka, and Indonesia. Sums up S. Sakthivel, Executive Secretary, Tirupur Exporter’s Association, on the impact, “We were enjoying annual growth rates of over 25% since the last two financial years. But we are expecting to register a turnover of Rs.90 billion for the financial year 2007-08 (which is, in fact, a negative growth of nearly 20%).”

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...domain-b.com : IIPM ranked ahead of IIMs

Monday, September 22, 2008

‘Rate’d down, once again

US policy makers need to move beyond just rate cuts to keep recession at bay or else they will loose the grip
When the US economy sprinted through the third quarter 4psof FY 2007 at 4.9% (its fastest pace in the last four years), many felt that the worst was over. But, as the US Commerce Department, on January 30, came out with the latest numbers, it only provided further credence to the arguments that the US is knocking on the door of recession, if not already in.

Managing just 0.6% growth rate - its weakest in the last five years, the US GDP grew way below the industry expectations of 1.2% for the fourth quarter. Well, the main culprit once again was the tumbling housing sector that further chopped off a sizable 1.2% off GDP last quarter as spending on housing projects witnessed a deep cut of 23.9%, the most since 1981. Even the labour market weakened at 4.9% – a pace that in the past had showed the way to recession. The decline indeed poses a further threat to consumer spending that has already slowed to 2% from 2.8% a quarter earlier. Affirms Jay Bryson, Global Economist at Wachovia, “The perfect blend of a weakening labour market, plunging house prices along with a sharp credit contraction will continue to put pressure on the economy further putting a stop on consumer spending.”

No doubt, the situation is frightening and the policy makers are doing what seem best to them. What else? Go for rate cuts! Since September 2007, the Fed has cut its short-term policy rate by 225 bps to 3% from 5.25% – all to ease the economy. The industry even predicts further cuts as rates are still way above the 1% level in 2003. “We foresee a further rate cut by 25-50 bps by March,” agrees Dean Maki, Chief US Economist with Barclays Capital. Although, the Fed action will boost the liquidity in the economy. But then one should not forget that it was the rally of cuts in interest rates in 2001-03 (the last downturn), that sowed the seeds of the ongoing housing and credit crunch. Well, what about inflation, which is already proving to be double whammy for the economy watch dogs? Fed Chairman Ben Bernanke is already been under criticism for being far too cautious. And if these cuts also prove to be temporary (which of course have a better chance), it would only worsen the situation.

The core personal consumption expenditure deflator (an important indicator of inflation) is already at 2.7% on an annualised basis – the second fastest since 2005. And as such, the threat of stagflation (a situation of both economic sluggishness and rising inflation) has to weigh on the Fed decision before it goes for another rate cut, otherwise it will lose its grip on the economy (or has it already?).
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...domain-b.com : IIPM ranked ahead of IIMs

Saturday, September 20, 2008

Recent liberalisation will boost investments

“Policies were aimed to provide healthy competition, and level-playing field”
In a high growth sector, there is no need to trim staff. With the sector booming, every one can be accommodated, Union Civil Aviation Minister, Praful Patel, tells B&E’s Ranjit Bhushan in an interview. The minister, who is credited with turning around the civil aviation ministry in his four-year-stint, adds that far-reaching changes are going to be brought in its FDI policy to encourage private investments.

Your tenure has marked a definite turnaround in the prospects of the civil aviation sector. What do you attribute this upturn to?

The aviation sector has evolved over the past few years. The change in mindset in both the public and the private sectors has led to more competition, competitive and affordable fares, and more passengers. The reasons are clear and strong policies of the government have been aimed at providing healthy competition and level playing field to both the public and private players. The government has played a great role as being a facilitator in this sector. Your speech at the US-India Aviation Summit last year was impressive.

What are the gains that you see accruing from the deal? Also, technologically, the US aviation industry is light-years ahead of us. Which are the areas of common interest between the two countries?

The purpose of the US India Aviation Cooperation Programme is to improve coordination of US assistance to the Indian civil aviation industry, including the identification of aviation training and technical assistance meets, communication meets, and improving coordination with the US Government entities including the Federal Aviation Administration (FAA), US Trade and Development Agency (USPDA) and the US Department of Commerce.

The programme will be funded with the assistance of USTDA and would enhance safety, operational efficiency and system capacity of the aviation sector. The Union government has also approved a Memorandum of Agreement with the US in the civil aviation sector, which will provide the framework for seeking assistance of the Federal Aviation Authority in developing civil aviation infrastructure in managerial, operational and technical areas, as and when required.

You talked about attracting FDI, about more US involvement in Indian aviation. Is that going to be a reality?

The Union government on 30 January, 2008 liberalised and enhanced the FDI policy in the civil aviation sector. This is expected to greatly boost investments by not only American, but also other foreign companies in Indian aviation.

The market share of national carriers has gone down with more private competition coming in. And a lot of it has happened during your tenure as the minister. Do you see a situation wherein the national carriers could become minor players in the company of many private operators, big and small? Although the number of passengers carried by the national carriers has increased considerably, registering a growth of almost 25%, the market share has been impacted due to the entry of private airlines, availability of low cost carriers, decline in capacity share, and delay in acquisition of new and latest technology aircraft. However, a number of initiatives have been undertaken like acquisition of new aircraft, merger of Indian and Air India, aggressive marketing and sales initiatives, which has resulted in marked improvements in market share.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...domain-b.com : IIPM ranked ahead of IIMs

Tuesday, September 02, 2008

BCCI’s performance as a cricket administration

But Pawar has many critics, who feel that BCCI’s performance cricketas a cricket administration institution and as a positive for the team is not up to the mark. “It’s easy to manipulate the masses when it comes to winning elections. But to really manage the Indian cricket team, you need to be an emotionally intellectual person, which Pawar isn’t at all,” feels a former cricketer who knows the BCCI President for the past five years. For instance, they say that the BCCI shouldn’t have been so quick in asking the Indian team to continue with the current Australian tour after what happened during the second test at Sydney. It should have waited to gauge the mood of the team and taken into account the feelings of the manager. In the end, BCCI had to backtrack and use its clout to force the ICC to arrive at a face-saving solution.

In a cricket crazy nation, if there’s anything that combines the denizens of this country after cricket, it is politics. But unlike the men-in-blue who are almost worshiped (only when they win), politicians are not as fortunate. So, can the two marry? Maybe, maybe not. But Pawar, who has the knowledge of grassroots feelings and emotions, is capable of having a long, patient, and courageous innings.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...domain-b.com : IIPM ranked ahead of IIMs

Tuesday, August 26, 2008

BRIC’s BRICKS

Time to pay attention to the finer points of the BRIC report
Goldman Sachs’s most famous Global Economics Paper No. 99 named Dreaming with BRICs: Path to 2050 is no news now-a-days, at least in India, given the impunity with which this has often been referred to by nation’s polity and policy makers to showcase the bright future of our country. And also as if forewarn all those, who are yet to make up their minds about investing in India or take it seriously, as to what a grave mistake they would commit if they gloss over the writing on the wall.

This year, Goldman Sachs even revised their previous estimation thereby putting India even ahead of the US by 2050 in terms of Gross Domestic Product (GDP). Much to the glee of the Indian policy makers, soon thereafter, India entered the exclusive trillion dollar club. But in the midst of all these, one thing was completely ignored, i.e. the warning from Goldman Sachs which had laid down four conditions namely, macro stability, institutions, openness and education. While India’s combined fiscal deficit (that of the Centre and the states together) of about 9-10%, is a major dampener to the right kind of macro stability, lack of reforms in agriculture, power and education spheres and several other government departments like the Department of Post make sure that fiscal deficit would continue to remain high. Its reduction, if at all is not in absolute numbers but because of the increasing GDP, as a percentage looks lesser. Subsidies continue to serve the rich and middle class and incredible amount of loss in power and oil sectors is a proof enough of lack of right kind of institutional mechanism. All that oil bonds end up doing is to shift the subsidy burden to a future date. Sheer lack of pragmatic regulatory bodies ensure that cross subsidies remain very much a part of system of governance, thereby stifling growth in key sectors like aviation which continues to pay the price of the distorted price juggleries in oil sector. Incidentally, the price of aviation fuel in India is about 70% more than that in the international markets. In the same league, absence of institutional mechanism, translates into a challenge, when venture capital for starting a business is sought. Industries like insurance and banking are yet to receive full dosage of foreign investment even when they, and especially the insurance sector, are in dire need of fund infusion.

That the Indian economy is yet to be opened properly is vindicated by the fact that a stronger rupee is increasingly becoming a major cause of concern for the government and the exporters, at a time, when India ideally should be celebrating the strengthening rupee as a sign of a growing and potent economy. Instead, strict controls on capital outflow ensure that India isn’t being able to extract maximum mileage from it. The fourth and the most important point as stated by the Goldman Sachs report is on education. Unfortunately India’s dismal ranking (128th) in the UNDP Human Development Report portrays the dismal condition in terms of education and health. This can severely impede India’s economic dream run as it would invariably dry down the future supply of quality manpower. In addition to it, distorted subsidies for education like in other sectors, make sure that even today, urban college students spend more on one time recharge of their cellphones than on paying college fees, thereby depriving the millions who otherwise deserved the subsidy, more. It is for all these reasons that for India, BRIC dream is still nothing more than just daydreams. And to make it a reality, the bricks of the BRIC will have to be first of all put in the right place. Or else, the ‘I’ of BRIC would just collapse like a pack of cards.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs