Soft spoken comrade

The soft spoken comrade was born in Myanmar in 1948. His initial Marxist training began at the Madras Christian College, from where he entered the Communist movement in the 1960s. From there, he went on to do his Masters’ in International Relations from the University of Edinburgh. At Edinburgh, Prakash was rusticated for participating in the anti-apartheid protests. His leadership skills came to fore at the Jawaharlal Nehru University, where he became instrumental in forming the Student’s Federation of India – the youth wing of the CPI(M). Having joined the Marxist party in 1970, Karat’s intellectual capabilities endeared him to E. M. S. Nambood-iripad. Prakash also got the opportunity to work as an aide to another CPM stalwart, A. K. Gopalan.

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Source : IIPM Editorial, 2007

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

edGibson G Vedamani, CEO, Retailers Association of India feels, “Retail provides immense benefit to consumer and small scale manufacturer. You can’t deprive consumers from these benefits on the ground of closing of small shops. Organised retail also means mass scale employment.” Ironically, just 15 days prior to ordering the Fresh shops to down their shutters, the CM had passed the agriculture policy, permitting the private companies to directly deal with the farmers. All Mayawati needs to do is, take a fresh look at the problems farmers’ face while dealing with the middle-men in the mandis’. And if, indeed her concern for the farmers are genuine, she needs to think beyond settling political scores with Mulayam Singh & his cohorts. One only hopes that this time, Mayawati will use power to graduate from being a vote grabber to being a serious policy maker.

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Source : IIPM Editorial, 2007

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

Market led economy

This is why the crisis over the presidential election was actually a crisis of the constitutional order that was installed by the military when it ruled from 1980-1983. That constitution – unlike Ataturk’s – was written by and for the military on the assumption that the Cold War would never ever end, and that the President would always have to be either a military person or someone very close to the military of Turkey. But the Cold War is long over, and a lot has since changed in Turkey. An IMF supported program in 2001 unleashed rapid economic growth, based on Turkey’s gradual but definitive transformation into a market led economy.

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Source : IIPM Editorial, 2007

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

Begging Inc.

Why not legalise this industry?
As per Maharashtra Government, there are three lakh beggars on Mumbai roads. It is estimated that a beggar could earn anything between Rs. 50 to Rs.100 a day, making the begging industry worth a jaw-dropping Rs.2,000 crores at national level (Rs.80 crores in Mumbai alone). But then, behind this free-lunch kind of industry, runs an illegal industry too. There are numerous incidents where reputed doctors were found performing amputation surgeries on beggars for mere Rs.10,000. Beggars are reported to be involved with crimes and criminals groups also. For want for extra and easy money, female beggars oft en get hold of children and make them unconscious to use them as sympathy generating instrument for begging. Consequently, many of these children die or lose their mental balance due to these regular doses of sedatives. Much of the malaise pertains to the illegality of the trade, almost akin to the sex industry, which though thrives, has been kept illegal. The idea of making begging a legitimate trade need not be that blasphemous given the fact that in such cases many children could perhaps be saved from being made unwarranted foot soldiers of this massive trade.

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Source : IIPM Editorial, 2007

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

Indian economy continues to shine...

Indian economy seems to continue with its winning streak. For the first quarter of FY 2007-08, India’s GDP growth accelerated by 9.3% (however, marginally lower from the corresponding figure of 9.6% in the previous year). While manufacturing continued its strong march with 12% growth, inflation too slipped to a 15-month low of 3.94% for the week ended on August 18, 2007. But, the star performer of the quarter was agriculture, which grew by 3.8%, as against 2.8% recorded in the previous year. For the last fiscal, the Indian economy recorded the fastest ever economic growth of 9.4% in the last 18 year. Well, that’s not a bad show. Isn’t it?

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Source : IIPM Editorial, 2007

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