Wednesday, August 27, 2008

Carbon, cars & 2008 Olympics

Beijing fails to achieve target
Recently, the Beijing pollution monitoring stations recorded “level five” pollution in the city. “This is as bad as it can get,” the spokeswoman for the Beijing Environmental Protection Bureau said. This is happening when the Chinese authorities are striving hard to prove that their city is conducive enough to host the most prestigious global event.

The 2008 Olympic Games are just round the corner, high pollution level in the city is neither politically correct nor is it in the true spirit of gamesmanship. It is politically incorrect because of the increased global concerns about the climate change and the adverse impact that the unprecedented development in China is having on this particular front. Both the United Nations and the World Bank have rated air quality in Beijing among the worst in the world. The main reasons behind these exceptionally high levels are extensive coal burning & enhanced plying of cars in the city. “China offers the greatest conundrum of our time. China’s rapid modernisation over the last three decades has brought millions out of poverty, but has left China with 16 of the world’s 20 most polluted cities.

China has become the world’s factory, so the responsibility for the problem does not rest on their shoulders alone,” Anna Clark, President, EarthPeople, LLC, a Dallas based consulting firm told B&E. Although, the head of the government’s information office, Cai Wu, assures that Beijing’s environment was improving and the world should have “full confidence” that the Olympics would be pollution free. But the facts on ground clearly suggest that the world-class sportspersons will have to compete against thick fog, mist and breathe the Beijing air, which is fully loaded with pollutants, in their pursuit for victory. And the Chinese citizens would have to silently inhale the polluted air and bear its brunt on their long-term health.

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

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IIPM makes business education truly global-Education-The Times of ...
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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 ...
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Tuesday, August 26, 2008

Buddha smiled, but not his critics

SANJAY BASAK finds out how the West Bengal CM faltered, and almost tripped, while running on the reforms’ road. And now, he has decided to take the bull by the horn
Only a few months back, West Bengal was burning. From Nandigram to Ketugram, hundreds of houses were razed to the ground. While some of the people fell to police bullets, others were burnt alive or hacked to death by the red ‘Marxist’ brigade. The most progressive face in India’s Marxist history, CM Buddhadeb Bhattacharjee, who was compared to the Chinese Premier, Deng Xiaoping, for his reforms, reverted back to a seemingly-dictatorial image of USSR’s Joseph Stalin.

Thanks to such tensions, governance, which was the key mantra until recently, has come to a standstill in West Bengal. Yet, when Buddhadeb took charge, he moved swiftly to change the skyline of Bengal, plagued by strikes and lack of development. His closest ally, Bengal’s industry minister, Nirupom Sen, had then told this correspondent, “The time has come to move forward.” And Bengal did start running.

But the journey to push Bengal up the industrialisation ladder wasn’t easy. The CM initially faced opposition from within his cadre. The most powerful trade union, CPI(M) affiliated CITU, rose against reforms. And the all-powerful party politburo frowned upon them. The electoral and ideological allies of the CPI(M), CPI, Forward Bloc and RSP were jolted by the speed at which the new CM rushed to make Bengal a ‘Shilpabandhu’ (industry friendly) state.

For example, Buddhadeb wanted to eliminate trade unionism in the IT sector. He indicated that if the IT employees wanted “to resort to strikes, they have to abide by the rules of the Essential Services Act.” The move rang alarm bells. The first one to raise his voice against it was the sports minister, Subhash Chakraborty, an arch rival of the CM, and he threatened to form unions. CITU remained firm too. Despite the former CM Jyoti Basu’s backing, nothing has been formalised till date.


The second hurdle for Buddhadeb was over Tata’s plan to set up a car factory in Singur, the first mega step to make Bengal an industry friendly state. Although Singur burnt due to local and political opposition, the CM backed the Tatas to the hilt. But the trade unions are still unhappy. Says M.K. Pandhe, CITU’s boss, “Our experience with the Tatas is not very pleasant. Outside Bengal, they are used to captive trade unions. We are not going to allow this in Bengal. If Tatas try a similar thing, we will not keep quiet.”

Pandhe refused to comment on the role of Buddhadeb in this issue, saying that “if I have to say anything about him, I will raise it at the party forum.” He, however, indicated that CITU wanted Bengal to be ‘workers’ friendly, not ‘industry’ friendly.” Recently, CITU submitted a memorandum on rampant “violation of labour laws in the state, not merely in the IT sector but also with regard to minimum wages and industrial disputes. Warns Pandhe, “Just because it’s a Left Front government, we will not keep quiet.”

Speaking to the media a few months ago, Buddhadeb said that “unfortunately, some of our friends fail to understand the situation. They don’t have the vision. They feel we have achieved enough.” The CM was referring to the attitudes of the trade unions, and electoral partners, who too have been against the CM’s “unilateral decisions on the issue of industrialisation.” The RSP MP, Abani Roy, flayed the CPI(M) for “ignoring the front partners.” He explains, “The blue print for industrialisation was expected to be discussed at a Left Front committee.”

However, Buddhadeb has continued to push ahead with his initiatives. Remarks a CPI(M) politburo member, “In recent times, West Bengal has managed to pool in big ticket investments in IT and steel sectors.” The CM has announced that Rs.90,000 crore would be invested in the state’s industrial sector to tackle the worsening unemployment problem. Pandhe agrees: “We realise that Bengal needs industries to tackle the issue. But social justice cannot be sacrificed.”
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

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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 ...
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Saturday, August 23, 2008

War of the laws

Justice stuck in web of laws
In legal trials, nothing is certain but expenses. On the contrary, even lawlessness happens at an expense…at the expense of hollowness in socio-economic fabric of a nation.

A scintillating example of the same is perhaps the Middle-Eastern countries which are almost at the verge of being broke, ethically of course… what with Israel being the 34th country in the Global Corruption Report, with Egypt scoring a CPI score of 3.4 in the TI’s Corruption Index Report (2005) out of 10, with Algeria acquiring a 3 out of 10 on Transparency International’s Corruption Perception Index 2007, with Baluchistan being ravaged by increased lawlessness and with the other Middle-East and North Africa (MENA) countries like Iran, Iraq and Turkey emasculating from the same fate? Today these countries are in a predicament as to which law they adhere to. On one hand, it’s the Islamic Sharia law which beckons and on the other hand, the governance is dead.

Torn apart between the two, the nations get killed by parasite of corruption right at the threshold with Turkey still implementing capital punishment, with Egypt practicing Roman law along with the other laws and with civil law not recognised in Israel at all when it comes to deciding personal status. Plethora of laws get into warring mode.

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

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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



Friday, August 22, 2008

H(w)ealthy threshold…

Ashrams with limited resources are doing wonders for India
India – a country where medical expense is 7% and 5% of consumer expenditure in rural and urban areas respectively, it is quite a shame that even with profuse resources, the government chooses to spend only a measly 1% (approx.) on health, a figure which might just reach a mere 6% by 2010.

On the contrary, retrospection reveals that an unprecedented attempt is being made by a lot of ashrams in order to make a difference in the lives of the beleaguering lot who can’t afford to shell out lakhs for private medical treatment. For instance, the Ram Krishna Shewa Shangha has 15 hospitals with 2,254 beds and treated 84,690 patients in 2006 and this was further complemented by 129 dispensaries and 49 mobile medical units. And for that matter, the splendid Swami Ramdev Ashram near Hardwar is pioneered under the tutelage of the guru himself and has space for 5,000 patients who could be from any rung in the socio-economic spectrum. A patient whose treatment cost nothing less than Rs.26,000 was healed at almost an amount equivalent to zilch in the lesser known Vanvasi Kalyan Ashram.

With millions dollars of investments in the industry and emergence of hospitals like Rockland, Appollo, are catching eyes of millions. Unfortunately, high costs of medicare in those hospitals are beyond the budget of millions of middle and lower class Indians. In such situations, these ashrams are delivering quality medication with modern technology at cheap cost, world class infrastructure, environment, dedicated and experienced doctors and most importantly, unique approachability of serving, which is ‘unsellable’. Well, with the increasing number of Good Samaritans with good intentions in the motherland, it seems like India can really look forward to a new dawn in ambit of medicare and health.

of consumer expenditure in rural and urban areas respectively, it is quite a shame that even with profuse resources, the government chooses to spend only a measly 1% (approx.) on health, a figure which might just reach a mere 6% by 2010.

On the contrary, retrospection reveals that an unprecedented attempt is being made by a lot of ashrams in order to make a difference in the lives of the beleaguering lot who can’t afford to shell out lakhs for private medical treatment. For instance, the Ram Krishna Shewa Shangha has 15 hospitals with 2,254 beds and treated 84,690 patients in 2006 and this was further complemented by 129 dispensaries and 49 mobile medical units. And for that matter, the splendid Swami Ramdev Ashram near Hardwar is pioneered under the tutelage of the guru himself and has space for 5,000 patients who could be from any rung in the socio-economic spectrum. A patient whose treatment cost nothing less than Rs.26,000 was healed at almost an amount equivalent to zilch in the lesser known Vanvasi Kalyan Ashram.

With millions dollars of investments in the industry and emergence of hospitals like Rockland, Appollo, are catching eyes of millions. Unfortunately, high costs of medicare in those hospitals are beyond the budget of millions of middle and lower class Indians. In such situations, these ashrams are delivering quality medication with modern technology at cheap cost, world class infrastructure, environment, dedicated and experienced doctors and most importantly, unique approachability of serving, which is ‘unsellable’. Well, with the increasing number of Good Samaritans with good intentions in the motherland, it seems like India can really look forward to a new dawn in ambit of medicare and health.

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

Thursday, August 21, 2008

Veda funda for tribals

Anil Agarwal’s ambitious plans run into a storm of protests in Orissa. Can he still win? By SUTANU GURU
Someshwar thinks that just one day and one interaction with the man changed his entire world-view. Rising from the ranks since 1978, Someshwar had become a Junior Manager in the organisation when he and his colleagues got a bolt from the blue in 2001. What was whispered for months suddenly became a grim reality. Their company BALCO had been privatised and the Indian Government was replaced by Anil Agarwal of Sterlite Industries as the majority stakeholder. Someshwar says that they were all asked to attend a meeting to be addressed by Anil Agarwal who had specially flown down to assuage employee concerns. “Behind the soft words of reassurance, I could sense the steel fist. I decided then and there that protest was futile and made up my mind to accept the VRS package,” he adds.

BALCO was clearly a triumph for Anil Agarwal who has refashioned Sterlite Industries since that takeover into Vedanta Resources and shifted headquarters from Mumbai to London. Educated blue and white collar employees gradually caved in. The same entrepreneur is now finding it incredibly tough to handle opposition to his dreams from illiterate tribals and villagers. Vedanta is in the process of implementing three ambitious projects in Orissa and is facing determined opposition for all three from villagers, tribals and activists. So severe is the opposition that Anil Agarwal’s grand vision for Orissa seems to be in jeopardy at the moment. When contacted over telephone for his opinion, Agarwal was gracious enough to speak to this correspondent but politely declined to comment. “I really don’t want to say anything on this sensitive issue. Please excuse,” he said. There was a polite but firm, no, even to our request for him to ask his office to organise a good picture of his!

The most bitter and controversial battle is being fought in the tribal belt of Orissa. Vedanta is setting up a 1.4 million tonne alumina refinery at Lanjigarh in the now notorious Kalahandi district. Vedanta wants access to rich Bauxite mines located close to the plant site to feed the alumina refinery. The project also has a 100 MW thermal power plant to feed the refinery since alumina refining is very power intensive. Vedanta is investing $1 billion on this ambitious project and would further cement the position of Vedanta as one of the leading aluminium players in the world.

Tribals living in Lanjigarh are up in arms because the project will displace thousands of them. More importantly, the Niyamgiri Hills where Bauxite ore is located and where Vedanta wants to operate a mine is considered sacred by the tribals of Kalahandi. The tribals are protesting not just in Kalahandi, but have hit the streets in Delhi and knocked on the doors of the Supreme Court. Even environmental activists have jumped into the fray and are vehemently opposing the project because it will damage and eventually destroy the rich biodiversity of these tribal hills. On November 23, 2007, Agarwal and Vedanta received a blow when the Supreme Court barred the company from operating the mine. The order stated, “We are not against the project in principle. But we cannot risk handing over this important national asset to a company unless we are satisfied about its credibility.” Fortunately for Agarwal, the court has not slammed the doors on the project and has asked Vedanta to address environmental damage concerns and dislocation of tribals.

The second major Vedanta project to hit a roadblock is the highly ambitious Vedanta University that is being set up as a wannabe Harvard or Oxford by the Anil Agarwal Foundation after Agarwal and the Orissa Chief Minister signed a MoU in July 2006. The estimated project cost for the university is Rs.15 billion, something no private entrepreneur has attempted at one stroke in India. The key to the project is 8,000 acres of prime and sylvan land adjacent to the famous Puri-Konark Marine Drive. For Anil Agarwal, the university was supposed to be his ‘gift’ to the people of Orissa and India. To a large extent, the university was projected to be a great corporate communication exercise by a company that was facing problems of credibility. Unfortunately for Agarwal, it hasn’t quite worked that way. Activists are accusing Vedanta of sidetracking the mining and tribal controversies by launching a high profile PR campaign in the state. More ominously, locals in Puri-Konark, whose land will be used for the university are up in arms too. Thanks to a tourist boom, the 8,000 acres allotted to Vedanta has now become premium real estate with quite a few five star hotel projects coming up nearby. This correspondent drove through the scenic Marine Drive and spoke to quite a few locals who are sullenly opposed to the university. Says 25-year-old Bimbadhara whose family owns some land in the place, “The state government is simply gifting away prime land to a private company and taking away our livelihood. We will simply not allow that.” Clearly, Agarwal and S. S. Rath, Head of the Vedanta Alumina project in Orissa have another tough job on their hands.
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

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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

Wednesday, August 20, 2008

Too good to get ‘Merrill’y ‘Lynch’ed!

Thain has decided to give up a peaceful life in search of adventure; with some sense of purpose. Read his lips...

History books are filled with instances of warriors who’ve chosen the noisy warfronts over their peaceful homes. But how about a CEO abdicating his well-cushioned throne in a smoothly running company for a disaster-struck company?! Well, we have found exactly that in John Thain, the current CEO of NYSE-Euronext, who is all set to take charge as the Chairman & CEO, Merrill Lynch & Co. on December 1, 2007.

So the question really is: Can Thain steer the $47 billion grief-stricken financial behemoth Merrill Lynch to shore? Well, the turnaround duty of restoring honour & pride in the face of the recent Q3 2007 financial setback of net losses amounting to $2.41 billion (the biggest loss ever in its long history of 93 years), a write-down of $8.4 billion and the drop in quarterly revenues by 35.2% to just $14.9 billion in the background of the $900 billion subprime meltdown, appears no less than a Herculean task. Answering this question, however, Alberto Cribiore, interim non-executive Chairman, Merrill Lynch, confidently replies, “John Thain is the right person as he brings unparalleled leadership experience & knowledge of the complexities of global capital markets as well as the skills required to operate a large financial services company. He will be adept at balancing the focus on risk management and controls while taking the steps necessary to ensure the company evolves and grows.”

Born on May 26, 1955, in Antoich, Illinois, Thain is married to Carmen and is blessed with a son, Alex. He graduated from MIT with a Bachelor’s degree in Electrical Engineering in 1977 and then completed his MBA from Harvard. John was associated with Goldman Sachs Group Inc. for 22 years, serving as the President & COO, when he left. He also held the position of co-CEO for European operations for Goldman. In 2004, with the disgraced departure of Richard Grasso, Thain joined NYSE as its CEO to breathe some life into the company & successfully implemented the system of electronic trading at NYSE through the acquisition of electronic trading platform Archipelago Holdings Inc..

With a track record of transforming NYSE into the world’s first truly global exchange via the purchase of $14.4 billion of Paris-based Euronext, Thain brought about the first trans-atlantic stock exchange – some achievement during a short tenure of under half-a-decade, and enough to prove what this seasoned commander is capable of achieving. With Merrill Lynch expected to take upto a further $10 billion in losses for the ongoing quarter (Q4 2007), he has to reassess Merrill’s risk management procedures, which miserably failed in assessing the bank’s exposure to risky lendings in the past. He also has to steer clear of putting his foot into the well of collateralised debt obligations (CDOs), which stood devalued due to the crippling sub-prime mortgage disaster. And surely, Thain’s toughest task is to reassure investors and his employees that Merrill’s remaining CDO portfolio will be handled expertly & that the recent mistakes will not be repeated as long he remains. Undoubtedly, Thain will have to use his magic wand to fix the company’s fixed income division, a department he was well acquainted with while at Goldman in the 1990s.

He is a modest man who is not ashamed in revealing his not-so-glossy background as he asserts, “I did not grow up in an upper-crust, aristocratic background.” So on the brighter side, this man needs no reminder that these are literally non-aristocratic & humble times for the giant named Merrill Lynch, and he is precisely the leader it needs. This turnaround artist has to curb all natural forces to restore lost pride and glory to Merrill. In this mission, his undying passion for wrestling might come in very handy.
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

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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, August 18, 2008

From low birth rate to depression

Albeit the economic one, is waiting for Europe today....

The world population never before had a paradox like this. While the population of the world is increasing a fast pace, Europe is experiencing a major reduction in its population growth rate. Birth control or the lack of offsprings is no more a family issue, as it has emerged as threat to future of European economy.

While greater professional opportunities for women have substituted motherhood, reports state that even young men are reluctant to have their own family. This is not an isolated incident but is a phenomenon which has spread like wildfire in Europe leading to one of the lowest birth rates in the world over decades in history; the birth rate is 1.2 per women in Czech Republic, Slovenia, Latvia and Poland, far below the requisite 2.1, while Greece, Italy and Spain have below 1.3 birth rate for a decade.

For long, it was assumed that population is nothing more than a big burden for any nation. Yet in the recent past, the resurgence of India and China driven by the power of their market economy and prospering population, has vindicated the perception that an economy is nothing, unless there is an ever increasing population of consumers. The decreasing population in Europe might not seem to be a problem for the time being, as in the age of automative production and outsourcing, it hardly would have any impact on production from Europe. But the real problem is the problem that is building up for the future. With a reduced consumer population and shrinking economy, would Europe be able to take the burden of its increasingly greying population in the future?

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

Thursday, August 14, 2008

ATM BECOMES RATM

Gramateller can be installed in remote places

On the surface, it seems to be a run-of-the-mill machine spewing wrinkle-free notes. Yes, we are talking about ATMs that you use every second day to withdraw money or check your ever-dwindling balance. But imagine millions of ATMs dotting the rural landscape. Only their cost has to be much lower, they have to be hardier, should be able to handle soiled notes and, obviously, possess a different kind of authentication (maybe thumbprint) since most of the villagers are unable to read and write properly.

Sounds impossible, doesn’t it? Not really, for IIT Madras’ Telecommunications and Computer Networks (TeNet) Group, and a technology firm, Vortex Engineering (part of TeNet Group) have done exactly that with their rural ATM, Gramateller. Explains L. Kannan, Promoter, Vortex Engineering, “We have worked towards reducing the capital cost of an ATM to make it viable for banks to install them in remote, rural places. We have even incorporated features, which would enable such a machine to function effectively in these environments.”

Adds Ashok Jhunjhunwala, professor, IIT (Madras) and head, TeNet Group, “First, the idea was to develop a cost-effective model and later on add features like regional languages, biometrics et al. For this, everything had to be designed from scratch.” In its latest form, Gramateller is available at one-tenth the cost of a normal ATM.

Its system architecture is quite different from regular ATMs as it does away with the usage of switches and dedicated VSAT lines. Rather, the Gramteller establishes connection with the bank’s server through the internet kiosks mushrooming in several villages.

Other features that define the Gramateller, as pasted on TeNet’s website, include:
? Ability to handle used and soiled currency notes;
? Sensors to detect and correct false dispensation;
? Deposit acceptor with secure anti-fishing mechanism;
? Secure-chest with e-lock actuated only by remote bank-server;
? Smart-card based identification;
? Biometric authentication;
? Encrypted secure communication over the internet;
? Real-time online communication for ‘anywhere banking’;
? Video-conferencing facility for communication with remote bank officer.

The idea which created the concept of Gramateller was simple. “The per-transaction cost in a bank used to be as high as Rs.50, and now it has reduced to Rs.7-8. Still, it is quite high for low-value transactions. Usage of low-cost ATMs can lessen it further. Moreover, till today, banking hasn’t reached many rural areas,” avers Jhunjhunwala. Adds Kannan, “Vortex intends to enable banks and financial institutions to achieve better financial inclusion and enable them reach out to a larger segment of the populace.”

Well, amidst the haste at which technologies pass us by, and breakthroughs gape back at us in nanoseconds, the chances that a large part of the global society will not be able to keep pace with new developments, are quite high. But technologies like rural ATMs provide a ray of hope for the millions and millions of ‘have-not’ Indians. In addition, they can help translate Congress President Sonia Gandhi and Prime Minister Manmohan Singh’s dream of ‘inclusive growth’ into reality.
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
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domain-b.com : IIPM ranked ahead of IIMs

Wednesday, August 13, 2008

LOOK, NO WIRES!

From Intel to Wintel, Mad Max to Wimax

Think of a centralised billing mechanism for all your bills of water, electricity, gas and even broadband. Sounds weird? Huh? But in the near future, this ungainly possibility will turn out to be a perquisite. Yes, you heard it right! The ministry of telecommunications, by flagging the current year as the “year of Broadband” is looking forward to the target of achieving 20 million broadband subscribers by 2010, which just amount to 0.3 million presently.

The major telecom equipment manufacturers have plans on floor to manufacture Wimax equipments in India. Leading the way is the world’s number one computer chip manufacturing company, Intel which is in fact going the ‘Wintel’ way by introducing Wimax technology in all Intel systems by January 2008. It has recently announced the introduction of ‘MONTEVIA’ - a notebook, which supports both Wi-Fi and Wimax. Intel also plans to install Wimax in devices such as digital camera, music players and games consoles by 2009. “While static Wimax is well on the cards, we await the standards for mobile Wimax and look forward for early approval of standards by ITO,” informs Vikram Tewatia. CIO, CII.

Reliance, Sify, C-Dot, Mind Tree, VSNL, HCL Infinet are also making a beeline. Gadgets to look forward are home PC’s, PDA mobiles, landlines and even cameras. Phones are expected to work on voice-GSM and for broadband, they will be subjected to Wimax technology. A Wimax enabled Nokia N800 phone, for instance, is on the anvil. “Whenever there is data requirement, wireless technology will always be in great demand,” says Raj Yadav, Regional Sales Director, South Asia of Aperto Networks, which is laying Wimax infrastructure for BSNL.

The biggest advantage that WiMax offers is a large network range spanning up to 10 km. “Wimax is not good for corporate technology. We can consider Wimax for SME segment although,” says Nadeem Khan, Deputy Director, IT, CII. Surely this is one area to watch out for in the coming year.

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

Tuesday, August 12, 2008

Funds ka Funda

The portfolio contains a fine blend of debt, equity and money market securities as they have equal proportion of debt and equity in their portfolio. In the last 12 months hybrid funds have delivered returns to the tune of 27.58% (DBS Chola MIP). However, the average of all hybrid funds over the last one year remained at around 8.5%. Lots of negative returns too though!


Gilt funds have lived up to their reputation of being the most secured funds amid volatility as only one out of 61 schemes falling under the category have shown negative returns in terms of both one year and six months returns. While average one-year return for Gilt - Long & Medium term remained at 6.48%; short-term funds were a little behind at 5.68%.

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

Monday, August 11, 2008

The story of how Godrej was built... and transformed!

But interestingly, all this restructuring has not shortchanged the employees. Adi professes, “The 20,000+ ‘Godrejites’ who are an integral part of the Godrej Group’s fabric make our success a possibility. This focus on people has made us create policies and practices that help cultivate and manage talent.” Though the key critical issue, as Adi accepts, has surely been “attracting, retaining and managing talent.”

Change within Godrej has also seen this erstwhile household brand manufacturer turn enter the real estate industry. Though Godrej Properties was established in 1990, it’s only in early 2008 that the group has taken up fronting this entity. “The country is witnessing a real estate boom and Godrej Properties will definitely try to cash in on it,” opines Adi to us. But strangely, Godrej is banking big on developing official complexes and malls rather than going for residential complexes. A questionable focus surely. And now, with an IPO around the corner, the company is planning to raise around Rs.600 crores from the equity market [a 49% stake has already been sold to HDFC Ventures].

But perhaps the FMCG sector is where Godrej might finally end up making the maximum noise. “Sector wise, last year, food was driving the FMCG sector but this year there will be growth in the entire segment of FMCG and we believe that such growth will be the highest among all the other sectors,” reveals a confident Adi. Oh yes, we have already witnessed the relaunch of Cinthol in the Indian market with Hrithik as the brand ambassador and the launch of Godrej Renew with Katrina Kaif endorsing the brand.

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

Wednesday, August 06, 2008

Freakonomics?!

Their Q1 results have been depressing, but past experience says that recession means better results for Hollywood studios this summer

The final settlement (on February 12th) of the 100-day Writer’s Guild Strike may have brought smiles to the face of the striking labour unions; but the strike itself has spelt a lean period for Hollywood goliaths. Major Hollywood studios and television networks have reported bleeding balance sheets for the quarter ended March 2008 (we took into account revenues and profits from the movie and/or TV business only). Paramount Pictures received the biggest setback, witnessing a 37.58% drop in revenues (to $11.4 billion), with losses to the tune of $63 million. Other biggies of tinsel town, including Disney, NBC Universal, 21st Century Fox and Warner Bros were destined with a similar fate (see box).

Some blame the ongoing US recession for the bad results, but hold your horses. History stands testimony to the fact that during recession time, movie spends and attendance goes up. This economic anomaly was first observed during the ‘Great depression of 1929’ and has ever since repeated itself time and again. Sample this: In 1974-75, the US economy slimmed by 0.5% and 0.2%, respectively, and the annual box-office spending shot-up by 25% and 11% (major hits during this time: Jaws and The Towering Inferno).
For Complete IIPM Article, Click on IIPM Article

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

Tuesday, August 05, 2008

A Bewitching Double Role

What’s common between Aamir Khan, Happydent, Coke, Parachute and Hum Tum, Fanaa, Rang De Basanti, Taare Zameen Par? Prasoon Joshi smiles “I didn’t want to die frustrated, regretting what I wanted to do but couldn’t or didn’t. So I just went ahead, made time and followed my heart…” Joshi has always maintained that for him words were the ultimate aphrodisiacs.

Communication, in any form – films, poems, lyrics, ads was the key. He believes decoding passion and emotion is what words are about. “When I am listening to a client passionately talking about his products, I am thinking how best I can effectively decode it. The same is true for the Bollywood arena. Its about consuming the message sensorially and sharing it with your target group with the same passion... This is the challenge and it excites me all the time.”

Similarities and differences exist. “Both are trying to communicate through words, visual , music, films. The difference is: one is a product, while other is about selling a product.” Is there an ‘awe’ factor in the Bollywood–adland interface?

“No more. Each lends the other a special dimension. Personally, I have never licked up to the tinsel town stars. My stars are Tagore, Premchand, Shakespeare, Ghalib, Kishori Amonkar, Sarat Chandra, Bhimsen Joshi, Bismillah Khan...” offers the ad-man. Now, we are talking Prasoon!

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



Monday, August 04, 2008

A growing NCE powerhouse

But still a long way, before India gives the world its first new molecule

NCE research by its very nature is a long drawn out process, but Indian pharma is slowly learning to be patient for the long term, high risk drug discovery model. This will surely translate it into a NCE superpower in years to come...

A question looming large on the face of the Indian Pharma industry is, when will India give to the world its first new molecule? Well, my belief is, that while it is unlikely to happen in the immediate future, it will surely happen over a period of 8-10 years. This belief stems from the significant position carved by the Indian pharma industry in the global generics marketplace and the progress made by leading pharma companies in their drug discovery programs.

Over the years, Indian Pharma Industry has acquired expertise in low cost manufacturing while complying with the highest standards of quality and regulatory processes. Companies like DRL, Ranbaxy, Lupin, Glenmark, Cipla et al have contributed immensely in bringing down the healthcare costs by providing quality generics at affordable prices. But still, the scenario for Indian pharma companies is challenging as they have to grow their generics business, as well as continue to invest in drug discovery and maintain sustainable growth & profitability.

Selling generics in the advanced markets requires a whole culture of Intellectual Property Management to be built within the company. Few Indian companies including Lupin have successfully challenged patents of the innovators, which have opened the revenue streams through exclusive marketing rights. Moreover, a large number of Para IV filings are currently pending with the USFDA.

For Complete IIPM Article, Click on IIPM Article

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