Showing posts with label Business school. Show all posts
Showing posts with label Business school. Show all posts

Friday, July 02, 2010

Act

Hollywood hottie Megan Fox moved out of the “Transformers” franchise recently, and stepping into her shoes is Victoria’s Secret model Rosie Huntington-Whiteley. While 24-year-old Megan had angered Michael Bay, director of the “Transformers” series, by asserting in press interviews that her role in “Transformers II” didn’t require ‘a great deal of real acting’, it’s interesting to note that newbie model Rosie has no acting experience at all! Megan, meanwhile, has a plum role in “Pirates of the Caribbean 4” to concentrate on, in which she is to play a ‘beautiful mermaid who uses her powers of persuasion to trick Jack Sparrow!’ Well, with all this talk about acting, we can’t wait to find out if she can actually act!

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Tuesday, June 22, 2010

You Cannes or you can’t

Though the 63rd Cannes Film Festival was an unusually low-key affair, the closing night Palme d’Or triumph for a Thai artist-filmmaker helped the show end on a high note, writes Saibal Chatterjee

Thai filmmaker Apichatpong Weerasethakul receives the Palme d'Or from French actress Charlotte Gainsbourg

The 63rd Cannes Film Festival shunned excess. It attracted fewer stars, delivered a lower dose of razzmatazz and its ‘selection officiel’ did not have the usual complement of films. It was probably symptomatic of a world only just beginning to emerge from a meltdown. However, the carnival-like atmosphere that inevitably engulfs the world’s premier film festival was anything but missing. It was business as usual on the French Riviera.

As the excitement surrounding the race for the Palme d’Or peaked, the jury’s choice of winner left a sizeable chunk of attendees a tad perplexed. For Thai avant-garde filmmaker Apichatpong “Joe” Weerasethakul’s singular triumph at was more than just a vindication of his brand of personal cinema.

The decision of the nine-member jury headed by Hollywood maverick Tim Burton to award one of cinema’s biggest prizes to Uncle Boonmee Who Can Recall His Past Lives was nearly as much about art and politics.

But that is the way it almost always pans out in Cannes. The festival revels in springing surprises. It celebrates ground-breakers.

Weerasethakul is nothing if not one. His exquisite Uncle Boonmee, the first Asian film to win the Palme d’Or since 1997, pushes the boundaries of the cinematic medium with unwavering precision and intent – the defining attributes of the 39-year-old filmmaker’s art. His cinema makes no concessions to the norms of the mainstream Thai movie industry dominated by action flicks, period epics and horror tales.

In matters more mundane, the inventive director has for years been a vocal opponent of the censorship laws in place in his country and the Cannes award for his latest film is a tribute to the spirit of creative freedom that he represents at a time when Thailand is in the throes of unprecedented civil strife.

The political significance of this year’s Palme d’Or, therefore, was not lost on anybody. But, then, Cannes and politics have always gone hand in hand.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Tuesday, June 15, 2010

Not a garden city anymore

In the name of development many trees are being felled

Bengaluru is fast turning into a desert. To improve the city’s infrastructure, the government has planned train projects worth Rs 1,000 crore and for that trees will be felled. This week, the state government announced railway projects worth Rs 600 crore including local rail, mono rail and high speed rail link projects. The city’s urbanisation drive has led to a massive tree felling. According to official sources, in the last two years the garden city has lost nearly 5,000 trees.

Shockingly, half of Bengaluru’s greenery has been destroyed for road widening, flyovers and other projects. By now more than 300 lakes have dried up. Besides, some 50,000 trees have been axed for various development works. In 2008, a joint survey conducted by Bengaluru Environment Trust and Bruhat Bengaluru Mahanagara Palike (BBMP)showed that the city has less than 7 per cent of its area under tree cover. In fact, the tree cover has come down to less than 50 per cent in a few decades. Now Bengaluru has only 15 lakh trees in its green belt. Dr A. N. Yellappa Reddy, environmentalist and former Indian Forest Service (IFS) officer, says: “Nearly 50,000 trees have been felled for Namma Metro and other projects. A lot of damage has been done to the environment in the name of development during the last decade. There is hardly any tree left in the city. If the government continues with its projects then even the existing trees will perish. There is nothing left to protest.”

Environmentalists are vehemently opposing the Metro project as they know that more trees will fell. Besides, a portion of Lalbagh — the world’s famous garden of the city — will also be destroyed. But the authorities are least bothered about it. They have gone ahead with their projects. Currently, several trees were felled on the Mysore road for widening it. The BBMP is trying to revive the greenery by planting saplings. “We have already planted some eight lakh saplings in the last three years,” says Shanthakumar, a forest conservator, who works with the BBMP. But, environmentalists are not convinced. They aren’t sure whether these actions will get the required results.

“Who will donate four-square feet land for greenery when a square feet is worth Rs 5,000? People need to understand the value of having trees around. They should plant new ones in their areas. Felling of trees has an impact on the environment also. It has led to warm weather and heat waves in the city. Air circulation has also reduced due to the dense residential development and loss of tree cover,” says Yellappa Reddy.

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Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Monday, June 14, 2010

Marriage trap

In a cluster of villages in rural Bangalore, child marriages are robbing young girls of the right to college education. B S Narayanaswamy and N K Suprabha investigate

Young Kavya’s life would have been very different had she not stood her ground when it really mattered. A year back, when she was only 15, her parents, upper caste and middle class, asked her to brace herself up for a 'bride show' in her school. Kavya refused. All hell broke loose at home. But the girl did not budge. However, her classmate in Uyyamballi high school, Deepu, like many others, could not resist family pressure.

Today, Deepu is married to a boy of her own caste while Kavya goes to college to pursue higher studies. She is determined to make her mark in life and the Pre-University College in Dodda Alahalli village of Kanakapura taluk, 60 km from Bangalore, is helping her prepare for a higher purpose.

“That was the most horrible moment of my life,” says Kavya, recalling the day she had to take on her parents. “It is common for girls here to be married off before they can enter college. Deepu got married when she was a 10th standard student. But I was very clear about my future.”

Unfortunately, in this part of Karnataka, the likes of Deepu constitute an overwhelming majority and gutsy girls like Kavya are a rarity. In the last five years, over 1,000 arranged child marriages have taken place in Kanakapura. School premises are openly used as a setting by prospective bridegrooms to check out their future brides.

“Most of the girls get engaged in 10th standard and they get married as soon as they finish their exams. Every year we receive plenty of such wedding invitations from our students,” says Jyothi, headmistress of Dodda Alahalli high school.

Girls get pushed into matrimony before they are ready to make up their own minds. Parents use every emotional ruse in the book to have their way. They evoke the issue of family honour to browbeat young girls into submission. They are actually desperate to prevent inter-caste marriages, the possibility of which increases once a girl gets into college and mixes with students of the opposite sex with relative freedom.

In high schools, girls are often pulled out of a classroom when a bridegroom comes calling. Says Anil Gummanahalli, physical training teacher at Uyyamballi high school: “Sometimes a groom visits a girl’s house without a prior appointment. So the girl’s parents come to the school along with the groom. I myself have sent many girl students from an ongoing class for this kind of vadhu pariksha. It's quite commonplace.”

Elagahalli high school headmaster Shivarudrappa also confirms that many such vadhu parikshas have occurred in nearby schools in recent times. While these bride shows happen under the very nose of the law, the law-keepers are either blissfully unaware about the social menace or are simply inacapable of taking action against the wrongdoers under the law.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-

Wednesday, June 09, 2010

FIENDS ON THE PROWL

A TSI sting operation finds how paedophilia has turned into a thriving business in Delhi, NCR and Mumbai. Taking advantage of kids’ poverty and craze for brands and gadgets, middlemen get rich by supplying minor boys and girls to satiate the desire of sick, rich men, many of them NRIs and foreigners. By Abhishek Kumar and Neeraj Rajput

Dutch national Will Heum’s arrest in Chennai for having sex with minors and uploading pornographic pictures on the Internet came as an isolated shock to the nation. But a TSI investigation finds out that paedophilia is rampant in India’s cities. The number of sick and rich individuals who want to have sex with minors is large enough to sustain a thriving business involving middlemen and child sex workers. So if any of you thought paedophilia was a western malaise that would not affect India, you could not be more mistaken.

Children are the easiest to be taken advantage of. Poverty as well as their desire to own the latest gadget make them vulnerable to overtures of middlemen. Most kids, whom the TSI team met, had told their parents that they were going for study or dance lessons. To explore more, the TSI special investigative team visited Faridabad, Noida, Delhi, Mumbai and Goa many times. What was astounding was that despite being minors, these kids spoke and reasoned like adults, obviously trained by the pimps who brought them along. Another startling fact is that not only kids from poor and needy families are being trapped in this racket. Kids from rich or well-to-do families are also lured into the trap.

We got lead about Ansh, a pimp in Noida. One of us posed as an Australian NRI on the phone and he agreed to meet us. The next day, we met Ansh at a coffee outlet in Noida Sector 18 market. We reached much before time, eager to find out who all accompanied him. There were two more people, one of them a girl. When we met him, a kid sitting next to him greeted us. He said he was 14 years old, but looked younger. The smartly dressed kid looked like from a well-to-do family. We were right. The kid said his father was a big officer in Indian Railways. He was so confident that we felt we were not talking to a child but a professional in this field for years.

TSI- What is your name?
BOY-……….
TSI-What work do you do?
Boy-I am a student.
TSI - Where do you study?
Boy-I am in the XIIth standard
TSI-Where are you studying?
Boy-………………………., Daryaganj
TSI-What is your age?
Boy-14 yrs
TSI- But you don’t appear 14. You seem to belong to a rich family.
TSI-In case you are wondering where I got your number from, I saw an advertisement in the newspaper and picked it up from there.
Ansh-Yes. We have advertised many times in newspapers.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-

Friday, June 04, 2010

Rift turns polls colourful

Soumya Bandopadhyay says the civic polls will decide the course of the 2011 Assembly polls in West Bengal

Thank God! The alliance is no more! Otherwise the election to 81 civic bodies including Kolkata and Salt Lake would have turned colourless. There is a general ‘Feel Good’ wind doing the Left Front’s corridors. But whether a division of opposition votes really translate in the Left Front’s victory is a million dollar question. It will also answer whether this division is the only factor which has enabled the Left to be in power for nearly 33 years. Perhaps, it’s an opportunity for Mamata Banerjee and her party to negate this myth. This is the biggest attraction of these civic polls.

For Alimuddin Street satraps, who have forgotten class struggle and have turned arrogant, flamboyant and patronising towards party cadres, combating the stormy political weather of change, which started since the Singur-Nandigram days, was impossible. The Trinamool onslaught in south Bengal left the Left at its defensive best in the last three and a-half decades. The ever-growing blind and unquestionable mass support to Mamata had another truth to it. The masses were mainly demanding the ‘end of CPM rule’.

As people of different colours and creed have joined that stream, the Congress leadership too, acknowledging people’s wishes, got their state leadership to join that force. Whenever elections were held in the post-Singur-Nandigram period, the state Congress leadership had to obey the dictum of its high command — be it Panchayat election or by-polls to Bishnupur (West), Bowbazar or Sealdah or the Lok Sabha election. But, now the flute is playing a different tune. And the Trinamool, Pradesh Congress and the Congress high command, all have been conductors in this grand orchestra.

The question is, despite honouring all the demands of Mamata Banerjee till date, why did Congress president Sonia Gandhi did not force the state leadership to listen to the Trinamool supremo?

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Wednesday, June 02, 2010

Greece’s problem is only temporary and its capital will flow again

Like in Poland, Hungary too in early 1990s faced rapid institutional change and severe economic downturn — when a reform package known as “legislative shock therapy” was announced. The main points of this package were debt restructuring and vigorous privatisation, especially for the public sector and the banking system. These changes were successfully implemented to create one of the strongest financial sectors in the region with a well governed market.

Therefore, it can be deciphered that investors have short memories — Greece will get over its current crisis and capital will start flowing again — as it happened in Russia, Poland and Hungary. Also it is a fact that ex-communist countries could only dream of the kind of support Greece is getting from its European partners. Under the plan, Euro zone nations (comprising of 16 states) would provide $570 billion, while the rest $75 billion is offered by the European Union Commission. IMF will also provide a backing of $325 billion, half of what euro zone leaders have granted.

It is an opportunity for the West European nations to get their acts together. One sometimes wonder, had the problem be with Ukraine or any other similar nation— who is also seeking EU membership, just like Greece — would it receive same kind of attention as its neighbour! It’s anybody’s speculation.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-

Tuesday, June 01, 2010

India can’t manufacture SIM cards as per requirements

It is not that the Indian Parliament is oblivious of the fact. Even parliamentarians are worried about this grave danger. BJP MP and member of the parliamentary committee on IT and communications Rajendra Aggarwal asks for a ban on SIM cards coming from China. He also seeks an audit check of the SIM cards which have already reached the country. He says, “The government should take immediate steps in this regard. The SIM cards which have come from China should be put to security audit. I am not against trade with China but the trade which puts our security in danger should be stopped.” The same apprehension is expressed by Prabhat Jha, MP and also a member of the same committee. He says, “Import of SIM cards from China is inviting danger.”

If the Chinese hackers hack the secure unique authentication key of the Indian SIM cards which are in china and pass it on to terrorists planning to spread violence in India, it can lead to a disaster. In countries like US, instances have been found where terrorists have cloned SIM cards and used them to not only talk to their handlers but also to trigger bomb blasts. The terrorists which attacked Indian Parliament also used a cloned phone. Now, when the government is strict about the verification of identity before issuing mobile connections, the possibility of using cloned phone increases. If the secure unique authentication key of a SIM is known, then any mobile number of the Indian network can be put on the Pakistani mobile network. A defence officer says, “We found a mobile with a terrorist and were stunned to find that the SIM of Indian network was working on Pakistan mobile network. It becomes very difficult for Intelligence agencies to trace such mobile numbers.”

Even then, DoT keeps its eyes closed. The way in which interests of Chinese companies are being safeguarded hints at a big scandal. TSI has in its possession the report of the committee under the chairmanship of the member technical of the DoT which was submitted on April 1, 2010. The committee was set up by the department of telecommunication to give security clearance to equipment and software bought by the cellular companies. This report has a few parameters for obtaining security clearance and the list of 15 equipment and software for which cellular operators will require the government’s permission. But the circular issued on December 3, 2009, asked the operators to take security clearance from the department if they bought any software or equipment. According to this circular, even SIM cards require security clearance. The sources informed TSI that while the list of the equipment and software which needed security clearance was being finalised, it had even SIM cards on it. But it was removed at the last moment. Why was this done? Was it the carelessness of the department or a planned omission? It will get clear only after an inquiry.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-

Friday, April 23, 2010

Poppycock in Prague

US-Russia START treaty has a real but pretty modest target vis-à-vis the Cold War days, says Saurabh Kumar Shahi

Prague was indeed a good photo-op. Who does not like to see the presidents of the US and Russia going gung-ho about cutting down their respective strategic nuclear forces? However, amidst all the euphoria, the point missing is that the cut is modest at the best. In fact, according to the documents posted by the National Security Archive, Washington, DC, the cuts suggested that Prague is ambitious than Jimmy Carter’s much touted “deep cuts” of the SALT II proposal in 1977 and pretty comparable to 1950s “finite deterrence” target masterminded by the then US’ Chief of Naval Operations, Arleigh Burke; the cut is ridiculously lower than the one suggested by then Secretary of Defence Robert McNamara in 1964. This proposal of McNamara had the blessings of John F Kennedy. However, before the proposal was even discussed within the US’ army and administration top brasses, Kennedy got killed. His successor, President Lyndon Baines Johnson, did show enthusiasm for the time being, but things did not materialise as planned. Mind you, this proposal came on the hills of Cuban Missile Crisis when the relationship between the Soviets and the Americans were at all time low. A similar proposal floated by President Reagan during ‘Star Wars’ days, had talked about “the zero nuclear forces in 10 years”. Imagine, it came from the same person who was being pegged, along with General Muhammad Zia-ul-Haq and others, as the “ten men standing between Reds and the free world”. But again, this paranoia was kept out of the nuclear deliberations.

Let’s take a look on Burke’s proposal first. His conception of a “finite deterrent” force suggested that as many as 45 Polaris submarines, with 720 submarine-launched ballistic missiles [SLBMs], of which 400, or 55 per cent, would be on patrol. (Although he used the words “on station”) However, McNamara’s proposal was more balanced and was suggested keeping every equation in mind. He put forward a force of 400 strategic warheads, each of one megaton capacity adequate for the crucial “assured destruction” deterrence undertaking. While talking about the “destructive potential of US attacks on Soviet cities,” McNamara had the view that a force of 400 weaponised nuclear missiles, most likely of the capacity of one megaton each, was sufficient to wipe out “nearly 30 per cent of the population of the entire nation” and “almost three-fourths of the industrial capacity of the Soviet Union.” A decade and a half later, McNamara still held his ground and wrote in an informal proposal that “less than five hundred” was sufficient for deterrence. His proposal found resonance with President Jimmy Carter who notched up by mulling over the leeway of substantial cuts bringing both the US and Soviet strategic forces to as low as 200-250 strategic delivery systems.

Therefore, what was achieved in Prague can merely be termed modest. However, these two nations still have a long way to go.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Tuesday, April 13, 2010

Most illegal activities occurring in the dark of the night

Darkness helps conceal one’s actions and perhaps Earth’s day-and-night cycle serves to subconsciously reinforce this belief. The researchers feel that this evolutionary conditioning, combined with our ego-centric disposition (where we think others perceive things like us) of over-estimating that the world must be watching when we are anxious or disturbed, leads us to behave in this way. According to the researchers, even surfing the Internet in darkness may lead to concealed behaviour.

All researches are mere statistics if they can’t find applicability in real life. But this one finds form and figure in the brightly-lit ambience of places where unethical behaviour needs to be curbed. Proper lighting is vital, especially at places that operate round the clock like railway stations, and airports. And with the latest ruling that retail outlets can operate 24x7 in Gurgaon, we hope the authorities are paying attention to this study to ensure that no blanket of darkness is allowed to serve as perfect cover to the city’s robbers...

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-

Monday, April 12, 2010

ICT --> ICT4D

They say ICT4D helps; we say too

The saga of the dot-com bust would have been enough to kill the initial frenzy of Information and Communication Technologies aka ICT, but for the fact that someone somewhere along the line most intelligently raised the concept of ICT to ICT4D (Information and Communications Technologies for Development). Supported even by profit seeking entities, ICT4D allowed a considerable part of Africa, parts of Asia, Latin America, and other developing & underdeveloped nations to leapfrog over many developed nations and their prevailing, slow and archaic infrastructure with a focus on social and economic development.

If Singapore was a developed nation revamping its administration using ICT4D to an extent where public participation in government touched new heights, India was a developing nation where a cigarette major initiated an iconic concept educating villagers how to retail their produce through the Internet; they call the forums e-Choupals. The All China Women’s Federation used ICT4D to help rural women get access to updated health information online and to provide them secret counselling on rape and abuse. Cuba is practicing online health initiatives while Egypt is using ICT4D to encourage rural education. In countries like China with a massive rural population, newspapers are using ICT4D to go on-line and reach larger sections.

There are macro advantages too. Going by official reports, Egypt’s overall economy grew by 4.7%, pumped up by investments in ICT4D, which experienced a 14.6% growth. The computer and semi-conductor industry supporting ICT4D today forms the back-bone of economies like China, Taiwan and a few other Asian economies. Many developed nations are relying on continuous development in third world countries like India and China for their own future growth. And that is possible only if the purchasing powers of the disadvantaged billions living in these countries (more in India) is increased. If that needs to be double quick, then ICT4D is a social re-engineering process we cannot ignore.
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Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-

Outlook Magazine money editor quits
Don't trust the Indian Media!

Tuesday, April 06, 2010

The glorious picture of irony

Industry status of India's defence will enhance the standard of products

India’s defense industry is on a revival mode. It was clearly visible in a recent ‘Defense Industry Interaction’ organised by Confederation of Indian Industry (CII) in New Delhi. It was fascinating to witness participation of a lot many Indian private companies irrespective of their size. All were geared up to face the global defense giants from US, UK and other countries. While some of them were aiming to crack bigger defense deals, rest were intending to expand their network or introduce some of their products in the international market. This was enough to create an impression that India’s defense industry is opening up and is no more an oligopoly market with a few PSUs ruling the roost.

A critical look at the Indian defense industry shows that, after Independence, only 14 ordinance factories were handling all the defense industrial production required. It later went up to 40 Defense Ordnance Factories and 8 Defense PSUs. Thus, the long lasting technology gap due to indigenous and inadequate design and production by state-run enterprises followed by sudden need of modern weapons due to threat from neighbourhood and also international sanctions imposed on more than 150 products after India’s nuclear tests affected the momentum of technological progress which prompted acquisitions from abroad. That is how Russia (accounts for nearly 70 per cent of the total purchases) and Israel became the largest partners apart from Germany, Italy and the US. At the same time, realising the need of private participation after a comprehensive report on ‘Reforming the National Security System’ by the Group of Ministers (GoM) in the early 2001, the Government of India undertook initiatives to allow 26 per cent Foreign Direct Investment and full private ownership by Indian entrepreneurs in the defense equipment production companies operating from India.

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Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-

Outlook Magazine money editor quits
Don't trust the Indian Media!

Monday, April 05, 2010

THE FOOD PROCESSING IMBROGLIO

There is an urgent need for reforms in the food processing sector, the poor, fragmented and often ignored cousin of agriculture. Such transformations would not only create hundreds of thousands of new jobs, but prove to be the catalyst for the much needed second Green Revolution in Indian agriculture.

Norman E. Borlaug, a Nobel laureate once said, “If you desire peace, cultivate justice, but at the same time cultivate the fields to produce more bread; otherwise there will be no peace.” Will a poorly managed and much ignored India’s food processing sector bring a peaceful smile on the country’s face?

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For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-

Outlook Magazine money editor quits
Don't trust the Indian Media!

Thursday, April 01, 2010

Populism can wait, the nation can’t

It’s every committee’s call – the only way for fuel subsidies in India is the way out; can the Indian government bite the bullet at the risk of losing voters and Parliamentary support?

In the Union Budget for 2010-11, Finance Minister Pranab Mukherjee has shown some gumption in tackling the issue of subsidies. Much to the chagrin of oil companies, the minister has reiterated his government’s support for cash subsidy to these companies as opposed to use of oil bonds. Consequent to restoration of basic duty of 5% on crude petroleum; 7.5% on diesel and petrol and 10% on other refined products, prices of fuels are back on the upward path. Predictably, opposition members protested their hearts out.

Politicians logically want to keep telling people the version of the truth that they want to hear. Most of us perhaps know, but rarely appreciate the fact that fuel subsidy is a slow killer hurting the Indian economy internally. As they lead to gigantic losses, government shares it with state-run PSUs from its budget, which otherwise could have been utilized in developmental projects. And as the subsidies grow bigger, the government continues to commit more and more funds from developmental projects towards the subsidies. The Financial Times estimated the fuel subsidy touching a huge $57.8 billion in the 2008 fiscal year. The budget allocation for public infrastructure in the last year was merely $4.43 billion (Rs. 20,450 crore). Imagine if the same subsidy amount was invested in revamping the public transport, people would automatically switch towards alternative modes of transport like trains, buses, et al, which would invariably reduce traffic jams, pollutions and accidents. More importantly, India would have achieved world class public transport system.

Globally, while developing countries keep fuel prices low for consumers, developed countries primarily give markets the freedom to decide prices. Fuel subsidy costs Malaysia around $14.74 billion a year, a third of the government expenditure. Likewise, it costs Indonesia a whopping $4.89 billion a year. The Egyptian government paid fuel subsidy worth a staggering $11.21 billion in 2007. And subsidy is causing a damage of around $19 billion every year to the Mexican government.

Although justified in part, subsidies are self defeating in India for many reasons. The large-scale misuse of fuel subsidies on petroleum products amounting to over Rs.1.03 trillion as per the Parikh committee is too big for the country to bear. Moreover, highly subsidized LPG is illegally exploited in non-domestic use (running cars) by the affluent class. A whopping Rs.52,000 crore subsidy on diesel in 2008-09 only helps the luxury car owners, cinema halls, shopping malls, luxury hospitals and telecom towers. Similarly, over Rs.5,200 crore subsidy on petrol every year is only helping the top bracket. With respect to kerosene and LPG, holes in the system need to be plugged. A scrutiny reveals that while the current market price of kerosene should be at Rs 26.37 a litre, it is sold at around Rs.9 a litre (cheaper than mineral water). This has led to a fuel mafia and replaced diesel with kerosene, which not only reduces the efficiency of engines but also creates heavy pollution. A NCAER study revealed that 40-50% kerosene sold under PDS is diverted and sold in the black market and the poor people buy kerosene at over Rs.22. It further causes smuggling of kerosene to Bangladesh and Nepal. This hurts public sector oil companies too, who had to bear over Rs.30,000 crore as burden for 2009.

In spite of the repeated recommendations made by the all three Committees including the Kirith Parikh, C.Rangarajan and Chaturvedi, the government is still reluctant to go the whole hog. Even if kerosene and LPG subsidies are retained (due to BPL concerns), diesel and petrol should be left free for the markets. If the communist China can hike fuel price by five times in 2009, it’s high time India does too. The current budget has taken some steps. One more please!
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-

Outlook Magazine money editor quits
Don't trust the Indian Media!

Tuesday, March 30, 2010

Through the flying lens

Photographer and author of Kite's Eye View: India between Earth and Sky, Frenchman Nicholas Chorier specialises in Kite Aerial Photography (KAP). Soaring to vantage points in the vast empyrean, his shooting rig has captured places, colours and people in their evocative best. In an e-mail interview with Ravi Inder Singh, Chorier lets fly his experiences with the flying camera…

What does your unique style of photography entail in terms of technical requirements, like the type of camera you use, and limitations?
I do aerial photography by using a kite to lift my camera. I build my own kites after the famous Japanese kites "Rokkaku", with the largest reaching about 40 square feet. They are made out of siliconised nylon and carbon or fibreglass sticks. I have adapted the traditional pattern of these kites to suit my own needs and their proportions and designs vary, depending on weather conditions. The photographic equipment is mounted on a small cradle hanging on the line under the kite. The camera can be lifted up to a thousand feet, though low altitudes are often more interesting. This whole rig weighs about two kg, depending on the lens I mount, or some extra battery. Currently I use a Canon 5D Mark2, with a 24mm lens, but did use for years a medium format film camera, a Fuji GA645, with 45 or 60mm lenses. This cradle with the camera is operated by remote control and can achieve a full 360 degree rotation and 90 degree tilt. An air-to-ground video link sends a signal which provides real-time monitoring on a portable TV screen, for accurate framing.

Once my kite is flying nice and smooth, I rig up my camera on the line, about 100 feet below the kite. The whole apparatus can then be flown up to the required height. I hold the kite string under my arm, carry my remote control on one shoulder and a video monitor around my neck. I can easily walk several hundred yards and raise or lower the kite in order to find different shooting angles and position my camera above the subject at will.

What really inspired your unique perspective?
I mainly decided to combine two of my major passions, kite flying and photography. But KAP already existed. The first man who did this was Arthur Batut, in 1888, in south of France. I first tried it during my first trip in India in 1996, and then became addicted to it. Apart from the results, it is also rewarding, physically and mentally, to set up my kites on a site, and launch my rig. As I'm very concerned about ecology and saving our natural resources, I have always loved the idea of just using wind to do such an activity, compared to wasting kerosene in a helicopter, or helium with a balloon.

From above, it's a completely new vision, new perspectives, new ways to understand the landscape, the heritage... Kites can carry my camera very close to roofs, clock towers, domes, buildings and show a close view of details. It also makes it possible to approach human beings, and some fauna, very closely, without disturbing at all. I always use wide angle lenses, which shows our earth from a very unusual angle.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-



Outlook Magazine money editor quits
Don't trust the Indian Media!

Friday, March 26, 2010

Bouquet for Jangipur

Pranab Mukherjee could not be much active in his Lok Sabha constituency of Jangipur while he was the foreign minister. But, despite handling the Union finance portfolio, he is more active than ever before. He tours his constituency pretty often and takes initiative for developing his constituency.

During his last tenure, he was more active in the Suti Assembly constituency. He was the man behind bringing a branch of the Aligarh University at Suti under Jangipur Lok Sabha constituency. Apart from that, he brought crores of rupees from the Centre for road projects under Border Area Development project. Rs 20 crore was sanctioned to built a 21 km metal road between Nazirpur and Paraipur and another Rs 28 crore was sanctioned for the Bahutali-Kanupur metal road. Both of these fall under the Suti Assembly seat. But, the last panchayat election witnessed a massive victory for CPM in Suti. The Leftists snatched several gram panchayat (village level) and panchayat samiti (block level) seats and the only zilla parishad seat from the Congress.

Since then he is been active mostly in three constituencies — Raghunathgunj, Jangipur and Sagardighi. He sanctioned Rs 48 crore for clean drinking water projects at Jangipur and Raghunathgunj.

Another Rs 13 crore has been sanctioned for a new railway bridge at Jangipur. His endeavour brought the Ganga-Bhagirathi Padma erosion issue under the National Disaster Management projects, for which the Centre will sanction huge budgetary allocations. He has also sanctioned a scheme for setting up a college at Sagardighi.

“Although Mukherjee has spent generously from his MPLAD funds for all the seven constituencies, one can find more of his generosity in Raghunathgunj for which he has been spending Rs 28 lakh per year,” a highly placed source in the district headquarter informed.

The grapevine has it that Mukherjee may test his fortune from any of the seven constituencies. But Sagardighi has been announced as a reserved seat for the Scheduled Caste and Suti has betrayed his generosity. Considering other segments, it seems Jangipur and Raghunathgunj can be more of his choice. Mukherjee’s son Supriya has been frequenting these segments for the last few months. There was a rumour that Supriya can try his luck but equations in the state politics might inspire ‘Pranab da’ to try his own luck. As local MP, Mukherjee has rented a house at Raghunathgunj. He has renewed the lease for the next five years after the General Election. It seems right now that Raghunathgunj will be his final choice.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-



Outlook Magazine money editor quits
Don't trust the Indian Media!