Friday, April 30, 2010

Dependants of jawans killed by Maoists struggle to stay afloat

Dependants of jawans killed by Maoists struggle to stay afloat. A report from Orissa by TSI’s Dhrutikam Mohanty

Says Pratima: “While the government has promised to bear the complete cost of my medical treatment, it is painful that people from the department are fraudulently withdrawing money in our name and then trying to recover it from us.”

When the doctor treating her learnt that the police department wasn’t going to bear her expenses anymore, he stopped taking proper care of her. He discharged her even though she had not recovered fully. She continued to receive notices from her department to join back.

At her tether’s end, Pratima met the then Director General of Orissa Police Gopal Nanda as a last resort. He not only waived off her loan but also ordered that she be assigned an office job. She could now see light at the end of the tunnel. But Pratima is still nursing the wound in her leg. It hasn’t healed because of the unseemly haste with which the doctor discharged her from hospital. We ask her how much she has got by way of compensation. She replies: “What compensation are you talking about? I haven't received a single penny.”

Pratima points out that it has taken the government two years to set up a board to prepare a detailed report on those who were injured in that Maoist strike. She adds: “As for my own case, one of the two board members who examined me was the same doctor who discharged me untreated. I, therefore, don’t have must expectations from this board.”


Now meet Jayakrishna Bardhan, a superannuated government employee who resides in the outskirts of Bhubaneswar. Though he retired in 2004 he is still does the rounds of government offices. Sometimes he is in the provident fund section of the police headquarters requesting the dealing assistant to push his file. At others, he is seen in the pension section inquiring about the release of his family pension. It isn’t his own retirement benefits he is chasing. Jayakrishna’s policeman-son was killed in a Maoist attack and all he is asking for is the legitimate compensation for an irreparable loss.

Bardhan and his family reside in a single-storey building in Gadakana area of Bhubaneswar. It has neither a boundary wall nor a proper approach road. The entrance has no door bell. So we knock on the grille. The family’s pet dog Blackie barks in response. Jayakrishna is soon at the door to usher us in.

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, April 28, 2010

Home's cool!

Is homeschooling a viable recourse from the culture of rote pervading our education system? Swati Hora explores how useful can this option of alternative education be to our ‘institutionalised’ children…

Around six months back, nine-year-old Pranav was given by his parents the option to train in the three R's at home and instead, school in music formally at a reputed institute. Music was Pranav’s life. The family experimented with the idea in the Dusshera break and having seen it work, withdrew Pranav from his school. Bangalore-based Sandhya –Pranav’s mother – reasoned, “I was a kindergarten teacher at a school. My husband (Vinod) is a part-time professor in Pharmacology. Our son was doing very well in all subjects and activities at the school he went to, yet, we chose to homeschool him. The primary reason was his inclination to music which we didn't want reduced to an after-school hobby that one grows weary of, next to the pursuit of school projects and studies. Moreover, we felt that in some subjects his potential was higher and most schools fail to deliver what is promised. Even if the intentions (of the school) are good, at the end of the day, it depends on how the teacher is. At home now, we have been doing a mix of textbook and practical learning and things have been progressing quite well. In fact, Pranav has developed a keen interest in animation too.”

Listening to Pranav’s story, and the fact of more than two million homeschooled children (in the US alone), one feels the compelling need to introspect on the ideal nature of education. To grow within the somewhat restricted orb of an academic institution, or let flow in the structureless world of experiences? Maybe, a blend of both. At least, that seems to be the wish of an increasing number of parents around the world who, for varied reasons, have lent themselves to the onus of educating their children at home. Leaving her IT career behind, Chetana Anoop Keni took up a year’s diploma course to learn teaching techniques for homeschooling her child. “In spite of being extremely creative and being deeply interested in science and math, he was distracted in school. I realised that he did not do well with repetitive tasks and did not identify with the teaching style.”

Chetana homeschooled her son for three years using recommended methods to help improve his creativity and intelligence and show him the direction towards independent learning. A resident of Bangalore, Chetana now counsels parents about homeschooling since the number of parents opting for it as an alternative form of education is growing by the day, though “often for the wrong reasons.” After two years of working as an independent special educator for helping children with learning difficulties, gifted children and homeschoolers, Chetana realises homeschooling is not for everyone. “There are children who are very social and love to go to school. If the teaching standard of the school is low, parents should change the school, change the learning styles, use multiple intelligence techniques, take help from others etc., but not keep the child home,” she asserts.

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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, April 26, 2010

Supreme dilemma

The govt is unwilling to demolish illegal places of worship

The West Bengal government is reluctant to implement the Supreme Court’s order of demolishing illegal places of worship on pavements for fear of losing votes. On September 29, 2009 the SC issued a directive to all states to take action against illegal structures. But till now the authorities have even failed to produce the list of such places, upsetting the bench of Justice Dalveer Bhandari and T.S. Thakur.

The state chief secretary has been warned that he will be summoned if the state failed to submit an affidavit within three weeks regarding the action taken by it. With the civic polls just a month away, now it has become extremely difficult for the state to take any action, say legal activists. Some leaders fear that this may even lead to communal tension. A Left Front minister once said that any action against the Shiv Mandir near an airport in Kolkata might destabilise the state government. An influential minister is a regular visitor to this place.

CPM leader and Mayor-in-Council (Roads) of Kolkata Municipal Corporation, Tuhin Bera, said: “We do face such problems. The only way out is not to touch temples and mosques.” Admitting that the KMC has no data regarding the number of such places of worship in public places, he said: “We have told authorities not to allow any new places of worship on public land. But, demolition, as ordered by the SC, might lead to social problem.” He suggests all-party consensus on this sensitive issue. State’s PWD Minister Kshiti Goswamy said devotees resist such move, but dialogue can solve the problem. “At Beldanga, our plan to expand a road was resisted. But through dialogue we were able to convince them. They agreed to relocate a mosque and graveyard to other place. We allotted them land.”

But sometimes things get complicated. On December 28, 2009 communal tension flared up after the civic authority demolished two illegally built Kali temples for widening the Jessore Road outside the Kolkata’s Netaji Subhas Chandra Bose International Airport.

The VHP jumped in and accused the state government of not demolishing a mosque nearby ‘built illegally’. Justice (Retd.) K M Yusuf, chairman of the State Minority Commission, later pointed out that the centurion mosque was built even before the airport came into existence and was not on public land. Places of worship have mushroomed on pavements and public lands. But, hardly any political party protest. The Sheoraphuli-Tarakeshwar state highway is dotted with illegal temples. It is chock-a-block all the time as thousands of devotees flock the area. And on Saturdays and Tuesdays devotees even jam the footpaths. Can the government act against these illegal structures?

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 :-

Saturday, April 24, 2010

Supreme dilemma

The govt is unwilling to demolish illegal places of worship

The West Bengal government is reluctant to implement the Supreme Court’s order of demolishing illegal places of worship on pavements for fear of losing votes. On September 29, 2009 the SC issued a directive to all states to take action against illegal structures. But till now the authorities have even failed to produce the list of such places, upsetting the bench of Justice Dalveer Bhandari and T.S. Thakur.

The state chief secretary has been warned that he will be summoned if the state failed to submit an affidavit within three weeks regarding the action taken by it. With the civic polls just a month away, now it has become extremely difficult for the state to take any action, say legal activists. Some leaders fear that this may even lead to communal tension. A Left Front minister once said that any action against the Shiv Mandir near an airport in Kolkata might destabilise the state government. An influential minister is a regular visitor to this place.

CPM leader and Mayor-in-Council (Roads) of Kolkata Municipal Corporation, Tuhin Bera, said: “We do face such problems. The only way out is not to touch temples and mosques.” Admitting that the KMC has no data regarding the number of such places of worship in public places, he said: “We have told authorities not to allow any new places of worship on public land. But, demolition, as ordered by the SC, might lead to social problem.” He suggests all-party consensus on this sensitive issue. State’s PWD Minister Kshiti Goswamy said devotees resist such move, but dialogue can solve the problem. “At Beldanga, our plan to expand a road was resisted. But through dialogue we were able to convince them. They agreed to relocate a mosque and graveyard to other place. We allotted them land.”

But sometimes things get complicated. On December 28, 2009 communal tension flared up after the civic authority demolished two illegally built Kali temples for widening the Jessore Road outside the Kolkata’s Netaji Subhas Chandra Bose International Airport.

The VHP jumped in and accused the state government of not demolishing a mosque nearby ‘built illegally’. Justice (Retd.) K M Yusuf, chairman of the State Minority Commission, later pointed out that the centurion mosque was built even before the airport came into existence and was not on public land. Places of worship have mushroomed on pavements and public lands. But, hardly any political party protest. The Sheoraphuli-Tarakeshwar state highway is dotted with illegal temples. It is chock-a-block all the time as thousands of devotees flock the area. And on Saturdays and Tuesdays devotees even jam the footpaths. Can the government act against these illegal structures?

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

The case of Shoaib Malik and Ayesha Siddiqui

The case of Shoaib Malik and Ayesha Siddiqui has hogged much limelight in newspapers and on news channels. When Ayesha lodged the complaint against Shoaib under 498A, Shoaib accepted all of her demands and agreed to a divorce. It has also been reported that Shoaib allegedly paid Rs 15 crore as compensation to Ayesha Siddiqui to reach the settlement. However, this does not mean that exploitation and abuse of women for dowry has stopped. The reality is that most women who fall prey to demands of dowry do not dare to go to court. Most of those who go to court misuse the Act. Dr Anupama, chairperson of Mothers and Sisters Initiative (MASI, an organisation of mothers-in-law and sisters-in-law), tells TSI, “It is the police and the advocates who are more responsible for the misuse of the Act. Section 498A has become a big source of income for advocates, judges and the police. Police and advocates instigate wives to lodge complaints. Once a complaint is lodged, the husband’s family completely comes in the grip of police and advocates and they take undue advantage. Recently we conducted a survey in the courts of Delhi in which we found that one-third of the cases of bail everyday are related to 498A.”

Husbands, mothers-in-law and sisters-in-law, who have been wronged, have formed several organisations to fight the injustice meted out to them. Husbands have even started celebrating December 19 as Husband’s Day. They meet at specific places in their respective cities to share their stories of grief and harasment. As per NCRB statistics, more than 40 per cent of cases lodged against women are related to 498A.

Even legal experts are of the view that laws framed in India for the benefit of women are so impractical and biased that their misuse becomes a certainty. Sandeep Bhartia of the Gender Human Rights Society says, “The committees which frame such laws face tremendous pressure from feminist lobbies.” Founder member of Save India Family Foundation, Gurdarshan Singh, says, “Only one provision should be added to 498A that if a girl is found guilty of lodging a false case she will be punished. This will act as a deterrent against misuse.”

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Source :
IIPM Editorial, 2009


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

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Thursday, April 22, 2010

DOWRY LAW

How and why the law is an ass?
2,23,167 husbands committed suicide in 5 years


Loopholes in An act, originally legislated to safeguard women's rights, are being misused by disgruntled wives to put husbands and in-laws in misery, TSI’s Anil Pandey and Vikas kumar Write

Amit Budhiraj, a techie from Bangalore, killed his wife Rinku Sachdeva and then hanged himself. Amit was a software engineer with Infosys Technologies for the last nine years. He had married Rinku Sachdeva who was working in a Mumbai-based multinational bank. Soon after the marriage, Amit came to know about her affair with a colleague of hers. When Amit protested, Rinku threatened him of sending him to jail under Dowry Act 498A. Amit searched over the Internet and came to know about the draconian provisions of the Act. It was amply clear that not only him but also his aged parents would have to spend the rest of their lives behind the bars. Amit decided to kill his wife and himself to save his parents the embarrassment of court proceedings.

A nine-page suicide note was found on the bed in the couple’s house. Amit had described his mental condition in detail. R. P .Chug, an advocate who counsels husbands who are wrongly victimised by this law, tells TSI, “I argue a lot of cases related to Dowry Act 498A. Every month I come to know of one person committing suicide after having been falsely implicated. If misuse of the law is not stopped, the number of such cases will surely rise.” Chug is no male chauvinist and has a long history of fighting for women’s rights and has worked with many women’s rights groups. As per records of National Crime Records Bureau (NCRB), 1,87,540 people were arrested under 498A in 2007. Out of these, only 13,247 were found guilty. The data shows that 94 per cent were found to be innocent. NCRB data also points towards a trend of increasing number of suicides in married males in the last decade. Every 19 minutes, a person is murdered whereas every 10 minutes, a husband commits suicide. Between 2005 and 2008, 2,23,167 married males committed suicide. This is double the number of wives committing suicide in the same time period.

An Act, originally meant to empower women, has become a curse for many women too. This view is echoed by Neena Dhulia, chairperson of All India Mother-In-Law Protection Forum, who says, “Due to the loss of social reputation, the entire family suffers. It becomes difficult for them to get their son or daughter married. This leaves a psychological scar on the family. Many close friends and relatives, who see their sufferings from close quarters, do not marry at all. They prefer remaining single for their whole lives. If the trend persists, it will immensely damage the social fabric of the country.” President Pratibha Devi Singh Patil famously said about this Act, “Instances exist whereby protective legal provisions for the benefit of women have been subjected to distortion and misuse to wreak petty vengeance and to settle scores. It is unfortunate if laws meant to protect women get abused as instruments of oppression.” The Supreme Court bench of justices Arijit Pasayat and H.K. Sema had termed this misuse as “legal terrorism”. The Apex Court said, “The role of the investigating agencies and courts is that of a watchdog and not of a bloodhound. It should be their effort to see that an innocent person is not made to suffer on account of unfounded, baseless and malicious allegations.”
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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Monday, April 19, 2010

The F-theory!

For 23 consecutive years till 2009, Ford’s F-series had been the number one selling brand in the US. It’ll be this year too. The ex-GE, ex-Boeing Alan Mulally, Ford’s CEO, seems to have learnt his lessons hard, with his current ‘One Ford’ strategy. Ford’s sales resurgence in the US in February 2010 isn’t a verdict, yet the broad trends reveal tremendous opportunity in the US market and a turnaround that’s a pure classic!

The events that unfolded in the global automotive industry over the last year or so beg the question – do things happen by destiny or by design? For years, Toyota was working on its Chairman’s vision to overtake GM as the world’s largest auto maker. And they did, with swift planning and execution. In the midst of Toyota’s rise, everyone was hailing the Japanese resurgence, and the focus remained on the Toyota-GM competition. Ford wasn’t exactly a single point of focus as a contender, being the number 2. It was normally mentioned in the same vein as the Detroit trio with GM and Chrysler; and the world seemed to think that all three were headed towards a similar destiny.

As things progressed, it is evident in retrospect that Ford had chosen a different path altogether and had successfully made the right bets in implementing a strategic turnaround. Moreover, as Toyota goes about the arduous and embarrassing task of recalling its vehicles, it seems to be recalling its number 1 spot in part, as undoing the damage will indeed take some doing. While the jury is out on this, there are voices in the industry who are already beginning to throw up some names for the next prospective number one. And not surprisingly, Ford is on that list now, and has an opportunity to avenge its relative inconspicuousness with panache. These believers did get some valuable numbers in February 2010 to support their hypothesis. GM in that month sold 1,41,951 units with a yoy gain of 12%. Toyota, in turn saw a major hit, as its sales fell by 8.7% yoy to record a final figure of 1,00,027 units for the same month. Notably, Toyota has been number 2 in the US market since 2007. Ford beat them all reporting a 43% sales increase in US (to 142,285 units). Fusion was the star vehicle in Ford’s line up as its sales grew by more than 100% yoy. One could perhaps imagine that this was the taxpayer’s way of thanking Ford for coming back on track without the government’s support!

Indeed, Ford has engineered a remarkable turnaround over the past two years in the midst of recession. And it now has a definite advantage over GM, ever since the former took bankruptcy protection. Net income for the financial year 2009 stood at $2.7 billion (86 cents per share) from a loss of $14.76 billion in 2008.
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Source :
IIPM Editorial, 2009


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

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Friday, April 16, 2010

FM to CM

chandrasekhar bhattacharjee explores the possibility of a power-sharing arrangement in post-2011 polls West Bengal, with Pranab Mukherjee becoming CM first, followed by Mamata

Those, who follow Indian politics at the national level as well as the state-level, are familiar with the rocky relationship that Trinamool Congress supremo Mamata Banerjee has enjoyed with her alliance partners. While the infamous departure from the NDA Cabinet takes the cake, the latest example has been the agitations and street protests against the Centre’s decision to hike fuel prices. But Mamata has matured as a politician and, as a balancing act, said the following on a television show, “If the people want Pranab Mukherjee as the Chief Minister, let him become the CM. I am willing to work under him even as a clerk. I have no ambition for any particular post. I have no personal possession other than my jhola. I am in politics only to serve the people.”

The political grapevine has it that Mamata’s statement should not be seen as an extension of olive branch. The Trinamool Congress and the Indian National Congress might actually be contemplating an arrangement in which the two will share the chief minister’s chair with Pranab Mukherjee taking the seat first. While leaders in both the parties termed this as mere speculation, such an arrangement could actually benefit the state of Bengal, many observers feel.

The dice of the 2011 Assembly polls in West Bengal are loaded in favour of the Opposition. Both the Trinamool and the Congress are aware of the Herculean effort needed to reverse the undoings of the 35-year-old Left Front (Read CPM) rule and lead the state towards betterment. Kumud Bhattacharya, former Pradesh Chhatra Parishad president turned political commentator says, “Mamata may think of utilising Pranab Mukherjee’s expertise and wisdom to give a push at the beginning. She can then take over and run the government without many hiccups”. He admits there are problems though, the biggest being acceptability of such an arrangement by the Trinamool rank and file.

A section of political analysts also feels that Mamata may opt for this arrangement as this will help her play the role of Sonia Gandhi in state politics. It will ensure that the Congress sticks to the alliance. On the other hand, Mukherjee’s wisdom and experience would come in handy in offsetting any situation of lawlessness that may arise out of the Left Front’s electoral defeat. Mukherjee’s proximity to the CPI(M) can also help the matter.

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

Technonsenselogy!

It has been routinely predicted that salvation will be found in tech- advancement; is all the government tech babble pure nonsense?

Considering that billions still live below the poverty line across the world, the fact that countries can justify raking up investments into so called futuristic tech-areas illustrating an unrealistic and impractical canvas of future technological development that would supposedly bring the advent of utopia, is not only ironic but cruelly criminal to those underprivileged billions. In this issue, the IIPM Think Tank analyses technologies that have either brought quasi revolutions or endangered the economic existence of nations.

Most of this Olympic tech-orientation can be attributed to developments that were being experienced in Japan in the early 20th century. But not without costs. Russia’s numerous failed space missions, the Chernobyl disaster, the infamous Three Mile Island nuclear accident (cleaning up cost around $975 million), the Ariane 5 explosion ($500 million) – all these and other incidents took economies of some countries a few years back.

But then, these are only totem pole examples. The ring leaders are others. Take for instance the money spent on space missions by the US during 1957-1975, which stood at $100 billion (USSR mirrored some facets of the insane spending; for example, by 1989, it was spending around $4 billion on space exploration annually). Ronald Reagan’s Strategic Defense Initiative, started in 1983, was even more legendary, with costs of over $100 billion. Some experts opine that this space-race eventually gave birth to numerous fissures in the economies of both the countries.

But on the other hand, there are many countries surviving and even thriving on their hi-tech research and hi-tech exports, built through decades of previously seemingly useless tech investments – particularly Japan, followed by other Asian countries like China, Taiwan, Japan, Hong Kong, Israel.

The on-going technology rivalry spree (especially in China) can be encapsulated in the words of Friedman, who in one of his books writes, “In China today, Bill Gates is Britney Spears. In America today, Britney Spears is Britney Spears.” Talking in numbers, in 2008, China’s software service industry generated 757.3 billion yuan or $110 million in revenue. Israel’s economy is largely backed up by its high tech industry; the percentage of Israelis engaged in the technology sector, and the amount spent on R&D is amongst the highest in the world.

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

The real realty show

In all the talk about globalisation, being local does have a bad name. But as per B&E’s analysis, regional centres are teeming with realty potential. And regional players are proving that staying local could actually prove to be a blessing in disguise

Media and Real Estate – the two sectors may be largely antipodal to each other in terms of business dynamics, but there is a lot that the latter can learn from the former. You may be wondering what? Consider this: Globally, print media (to be specific) has invariably been a regional industry. So there is The New York Times dominating in New York and The Los Angeles Times, which is dedicated to LA. In India too, regions have their own unique favourites – The Hindu in Chennai, Deccan Herald in Bangalore, The Hindustan Times in Delhi, The Telegraph in Kolkata, Tribune in Chandigarh, et al. Attempts by most of these dailies to go national have not been so fruitful. Similarly, it is being observed that real estate players operating out of specific regions of the country like Jaipur, Hyderabad, Kolkata, Kochi, Chennai, et al, are showing spectacular growth. What is the basis behind this trend, and is it sustainable? B&E finds out.

The broad figures are hardly regional, as the Indian real estate sector contributes around 14-15% to the GDP of the country. The construction business’ contribution to the GDP stood at 7.95% in 2002-03 and spiralled to 16.46% by 2005-06, before showing a downward trend then onwards (t stood at 11.98% in 2006-07; 9.81% in 2007-08; and 7.24% in 2008-09). The real estate business forms over 60% of the total construction business of the country. The last 24 months have been a tough ride for national real estate players. Huge debts riding on their backs, stalled construction and instability in the global real estate market further added to the woes of the Indian realtors. Hovering at 12,727.42 points in December 2007, the BSE Realty index had plummeted to 1561.01 points by November 2008 – a drop of 87.73%, before rising up to 3361.10 as on March 15, 2010.

In the second quarter of 2009, debt liabilities on national realty players like DLF and Unitech stood at Rs.150 billion and Rs.78 billion respectively. But the downturn hit them hard as the cost of construction sky-rocketed. Sample this: for the quarter ending December 2009, the cost of construction for DLF stood at Rs.6.73 billion – a mind-numbing increase of 262.75%. Even for Unitech, the cost of construction increased by 197.57% over the last year to Rs.4.47 billion. For Parsvnath Developers, the cost of construction increased by 173.75% yoy to gross Rs.1.29 billion currently. Increase in the excise duty from 8% to 10% will further add to the woes. High property rates led to decline in sales (by almost 50-60%) and national developers were forced to stall projects. Before the slowdown struck, big developers had hastily acquired land all over India to increase their land banks. Currently, DLF has a total land bank of close to 430 million square feet, of which, only 50 million square feet is under construction. Also, a lot of space acquired for launching commercial hubs could not be developed because of a slowdown in the big ticket IT/ITeS sectors.
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, April 09, 2010

Orissa has something in store for everybody

The waves of the Bay of Bengal, coupled with the cool sea breeze, make the beaches of Orissa an ideal place to spend some time with family and friends. The government of Orissa has taken steps to improve the tourism prospects of the sea beaches. Apart from Talsari, Puri and Konark, Chandipur and Gopalpur are some of the prominent beaches of the state.

Apart from the beaches, Buddhist sites, strewn all across Orissa, have now emerged as a major attraction for tourists. The overseas offices of the Union tourism ministry are actively promoting the Buddhist sites of Orissa in South East Asian countries in particular. The Incredible India Website of the ministry also has provided specific information on Buddhist sites in Orissa.

The most famous are Lalitgiri, Udayagiri and Ratnagiri, which constitute the diamond triangle in the tourism map. These three hills preserve the remains of Buddhist complexes that once flourished in Orissa. Lalitgiri, the earliest Buddhist site, dates back to 1st century AD and is located at a distance of around 100 km from Bhubaneswar. Excavations carried out here have brought to surface ruins of a wonderful brick monastery with beautiful carvings, a temple with bow-shaped arches, four monasteries and a huge stupa. The Buddhist treasures unearthed from here also include a large number of gold and silver articles, a stone container and a massive idol of Buddha. A museum displays findings from the excavation.

Ratnagiri, situated at a distance of 18 km from Lalitgiri, is another famous Buddhist centre. The small hill near the village by the same name is home to rich Buddhist antiquities. A large-scale excavation has unearthed large monasteries, big stupas, shrines and sculptures.

Similarly, excavations at Udaygiri have brought to light the remains of a huge monastic complex comprising a mahastupa and an east-facing square monastery. The monastery at Udayagiri had a shrine chamber with an ornate gateway housing a colossal idol of the Buddha. These are just a few glimpses of the many treasures that Orissa holds.

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 08, 2010

Himalayan splendour - UTTARAKHAND

Nestled in the lap of the himalayas, the little hill state is home to lively tourist centres, quality golf course and the fabled valley of flowers

Uttarakhand, a land of celestial beauty, is inarguably amongst the most enchanting places in northern India. Nestled peacefully in the lap of the Himalayas, it offers a complete package of delightful experience to tourists. Uttarakhand surprises at every step with natural and spiritual bliss. Most of the places of Uttarakhand are still waiting to be explored and that is the big advantage with the place.

Uttarakhand not only provides glimpses of raw natural beauty but much more than that. It is not only Kumbh that draws the attention of tourists across the globe. Devidhura and Purnagiri Mela of Champawat, Nanda Devi Mela of Almora, Gauchar Mela of Chamoli and Maga Mela of Uttarkashi offers a whole range of exciting experiences. We list some of the most exciting places to watch in the Devbhoomi called Uttarakhand.

Almora
The moment you land up in Almora, you will be spellbound by the sheer scenic beauty of the place. It is a virgin hill station and it seems mother nature has blessed this place with her pure love. Just besides the city flows the Koshi (Kaushaki) and Suyal (Salmali) rivers. Almora is well connected with all important cities of India by road and the nearest airport is Pant Nagar (Nainital). During the summers, regular flights are operational.
The nearest railway station near Almora is Kathgodam.

Mussoorie
The name, Mussoorie, is derived from plants of 'Mussoorie' which were found in abundance here. Gun Hill is the second highest peak of Mussoorie. It can be reached by a ropeway ride. Nag Devta Temple, Mussoorie Lake, Sir George Everest House, Bhatta Fall, Kempty Fall are other worth-seeing places. The most suitable period of travel is September to November. It is well connected by road and there are direct flights from Delhi to Jolly Grant Airport, Dehradun.

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!

Wednesday, April 07, 2010

Of Dutch sahibs and the deep blue ocean…

With its sandy beaches, sparkling gems and Buddhist temples, the Island nation has the potential to become a major tourist hotspot

The first thing that strikes you as your flight hovers above Bandaranaike International Airport outside Colombo is the deep blue ocean. You cannot help but be mesmerised. You ask yourself, if this is an ocean what was that you saw at Chennai and Mumbai—muddy urban drains? Sri Lanka has that effect on you.

The island nation, justifiably called “The Pearl of the Indian Ocean”, has many surprises for the tourists. From white sand beaches to Portuguese architecture, from lush green tea plantation districts to the ancient city of Anuradhapuram, the island has much to offer in jaw-dropping abundance.

Start your voyage from Colombo itself. You’ll seldom come across a city like this. There is a lot to do in the city for all age-groups. People who are interested in history can take a tour of the National Museum of Colombo and the Dutch Period Museum. While the former gives you a vivid sense of Sri Lanka's rich history, the latter offers a glimpse of the Dutch rule on the island. The artifacts displayed here are among the rarest of the rare and are bound to draw attention. The Lionel Wendt Memorial Art Centre at Guilford Crescent is the centre for culture vultures. The place is always brimming with activity. A quite evening amid the spectacle of Sri Lankan culture is a dead must.

Galle Face Green Promenade on the North-Western extent of the city is Colombo’s equivalent to Bandstand. Only, the former is million times cleaner and serener. You’ll find hundreds of families taking their evening stroll amidst the calls of ice cream and other fast food vendors. A nice place to strike a conversation with locals. Solitude seekers can alternatively stretch out on chairs and just see the Indian Ocean in all its splendour. However, a visit to Mount Lavinia, on the outskirts of the city, is a truly out of this world experience. This beach offers you all sorts of water sports as well as some of the best Ayurvedic massages that you would have ever come across.

The more religious minded can visit any of the numerous Buddhist temples in the capital city. Kelaniya Raja Maha Vihara in the heart of the city is a famous attraction for travellers—both Buddhists and non-Buddhists. The temple boasts an exceptional carving of a reclining Buddha and is the site for an annual fair.

The area around Fort is famous for swanky malls and marketplaces. The gem and stone shops in the World Trade Tower offer some of the most exciting gems collected from deep inside the India Ocean, and that too at tempting prices. Pettah is the old commercial district where one can buy a range of things from thousands of shops.

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Source :
IIPM Editorial, 2009


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

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Tuesday, April 06, 2010

A stitch before time?

After having failed to acquire Africa’s MTN, Sunil Mittal has now set his eyes on Zain to enter Africa. But his best bets could be much closer home than he thinks.

Africa? A book one thumbs: listlessly, till slumber comes...”: Countee Cullen


Businesses today couldn’t help but disagree with Countee Cullen’s poetic rendition of the Dark Continent. Companies across the globe have been increasingly laying out plans to acquire invaluable assets in the continent where the fruits of global economic growth have been the slowest in the coming. Understandably, it’s a key to Bharti’s ambitions towards becoming a powerful emerging market telecom giant; ambitions that seem to be growing by the day, undeterred by rounds and rounds of MTN disillusionment.

Bharti Airtel kickstarted 2010 with the announcement to acquire a 70% stake in Bangladesh’s Warid Telecom International (a wholly owned subsidiary of UAE’s Dhabi Group) for about $300 million. This was a landmark deal for Bharti Airtel, as it was the company’s first acquisition in the international market. Though the company also has operations in Sri Lanka, it was not through inorganic route. But given that it is only the fourth largest operator in the entire country and has a current subscriber base of 2.9 million subscribers, the company has made it clear that they might be looking at further acquisition in the Bangladeshi markets. Further, on the heels of this acquisition came out hushed rumours that the company was looking at strategic stakes as well as other options to enter Bhutan.

Add to it the fact that starting from February 15, 2010, Bharti Airtel has entered into exclusive talks with Kuwaiti telecom major Zain to acquire its assets in Africa (except for its operations in Morocco and Sudan). This exclusive talk period would last till March 25, and the deal is expected to be worked out till May. It is noteworthy that this is Bharti’s third attempt to enter the African market as it has tried to woo another MTN to enter into an alliance twice in the past and failed in both the attempts.

However, things are expected to be a little different this time as it would not be as complex a deal as the one that was being worked out with MTN. There is no doubt that Africa is considered to be a lucrative market from a wireless operator’s point of view but according to some analysts, Bharti might be coughing out a whopping $10.7 billion (making it the second largest cross border deal after Tata Corus, which was $13 billion deal) and the deal would swell Bharti’s subscriber base to about 170 million from the current tally of 125 million. Further, the company would become one of the top ten service providers globally. Another positive side of this particular deal is that out of the 15 markets that Zain operates in, it is a market leader in 10 countries and the second largest in the other four. “This particular acquisition for Bharti comes at the cost of $200 per subscriber as opposed to $450 that Vodafone paid when it launched its operations in the country or the average of $500-$600 that has been paid for other operations that have happened in the past couple of years. It seems to be a strategic acquisition for the company in the long terms,” shares the India head of one of the leading AMCs in the country.
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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Outlook Magazine money editor quits
Don't trust the Indian Media!

Monday, April 05, 2010

“The sector is characterized by huge wastage of the agriculture produce”

Subodh Kant Sahai, Minister of Food Processing Industries gets candid in an exclusive interview with B&E

B&E: You recently mentioned that the industry needs Rs.1 trillion by 2015. Can this requirement be fulfilled, considering that the industry’s revenues are currently less than Rs.200 billion?

SKS: The extant policy permits FDI under the automatic route in most sectors/ activities, including Food Processing Industries. In fact, a total of 141 foreign direct investment inflows were approved in the food-processing sector during 11th Five Year Plan period (April 2007- March 2009) amounting to USD 171.72 million. As FDI can only supplement the domestic resource mobilisation, the government is taking steps to adequately address the requirement of capital by the industry.

B&E: The Ministry is pushing banks to open up a Food Processing Vertical for the sector and a proposed VC fund is being planned, with a targeted corpus of Rs.1 billion. What will these initiatives be aimed at?

SKS: Even though the Ministry is implementing a number of schemes for the development of the sector, additional measures such as these are aimed at increasing the flow of credit for the technology Upgradation/ Establishment /Modernization of Food Processing Industries for an upgradation of their processing capabilities. Apart from the above, these funds would cater to schemes like R&D, food quality and safety et al.

B&E: You have stressed on the need to have 0% GST rates for perishable items, once the new tax regime is in place. But won’t this prove contrary to the stand of the Ministry to push for 35% perishables going for processing over the next 5 years, as against 6% currently?

SKS: We do not think so. We believe that rationalised tax structure across the country is necessary for the faster growth of the sector. Moreover, on the basis of Vision 2015 adopted by the Ministry, an integrated strategy and action plan for the growth of the food processing industry has been drawn up. The objective of the strategy is to increase levels of processing of perishable foods from 6% to 20%, value addition from 20% to 35% and increase India’s share in global food trade from 1.6% to 3% by 2015. The level of processing for fruits and vegetables is also envisaged to increase to 10% and 15% by 2010 and 2015 respectively.

B&E: How will the biggest problem of removing bottlenecks in the export of processed food items be solved?

SKS: The procedures for the export of any item, including processed food, are established by different authorities including the Ministry of Commerce. The Ministry of Food Processing Industries has no role to play in this. However, our Ministry has been trying to address constraints of infrastructure facilities at ports as well as at inland processing centres through better storage facilities, cold chain and efficient transportation system of processed food products. Apart from this, the Ministry is also focusing on specific food varieties which have a long shelf-life and can be stored for longer durations.

B&E: You have declared that there is a huge dearth of technical know how and professionals in the sector. So, how will the R&D infrastructure be improved?

SKS: Food Processing sector relates to conversion of raw agri-produce into finished value added, variety food products, with improved and desirable quality attributes. The need for an efficient and affordable technological know-how, right from harvesting, handling and transportation to processing, packaging, storage and distribution is inevitable. With the above in view Ministry of Food Processing Industries has been extending extensive support for R&D by providing huge financial assistance to concerned institutions/organisations.
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!