Showing posts with label Management Guru. Show all posts
Showing posts with label Management Guru. Show all posts

Wednesday, June 16, 2010

Legacy on its last leg?

Will the Shehnai have to reconcile to the fact that there may not be another Bharat Ratna Ustad Bismillah Khan? The son who was his successor is dead; the others are struggling, and there’s little other than memorial concerts to keep the tradition going. Puja Awasthi reminisces of the time when there was hope…

Ustad Nayyar Hussain Khan “Bismillah” passed away following respiratory problems at a Varanasi hospital on December 17, 2009. To me, he had begun to fade away in July of that year itself, when, as I got up to leave that baithak plastered with photographs and awards (including the Bharat Ratna) of his father the late Bismillah Khan, he thrust a couple of brochures (titled Music Represents Soul) and visiting cards in my hand and said, “Kaam dilwao. Koi bhi kaam chalega. Shaadi aur party mein bhi bajayenge.” (Get me work. Any work will do. I will play at weddings and parties.) I did not fail to notice that the Ustad’s name was bolder than Nayyar’s on the card. And that here was a man aged 70, the second son of a legend who had put a simple wind instrument to his lips and coaxed such sweetness from it that it ceased to remain an accompaniment to flashier ones, begging for work. The Ustad would neither have understood nor approved.

But when like Nayyar Khan, you live with four brothers, one sister and 30 children and grandchildren, in a lane that’s named after your father in a narrow, white house with 10 rooms, you have responsibilities you cannot shrug. And Nayyar Khan, being the successor to his father had to bear them all.

Such is Varanasi’s association with the Ustad that when he had passed away in August 2006, there were many who lamented “Bharat Ratna chala gaya” (The Bharat Ratna has gone). To his own family it was as though life had been sucked out of all those who had been left behind.

“My Abba had a generous heart but a sharp tongue. Nobody who came to our home would leave without a meal. After a concert, the cooks would work overtime to cater to those who came to congratulate him. Some had even named our home Bismillah hotel. But after him, the staunchest of his well-wishers have disappeared. There is just the occasional phone call. Yes, there are problems,” Nayyar had said going on to detail how he even had to haggle about the number of musicians he could take in his group for a performance. No one would of course have dared to make such talk to the Ustad. Yet, Nayyar was looking forward to a tour of the USA this year. “Before every performance, I tell the audience that they should listen to me as Ustad Bismillah Khan’s son, not as the Ustad himself and grant me some grace,” he had said.

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.
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, 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.

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

The true story of rising prices

Vikas Kumar and Abhishek Kumar find out an unholy nexus of mandi traders, commission agents and retailers at work

Indian’s billion-plus people are wondering if prices of essential food items will fall. Though neoclassical economics seek to explain the rising prices in terms of rise in demand and fall in supply, it is not reason enough for people like Rageshwari, a receptionist in a small private firm with monthly take home salary of Rs 10,000. She had gone to the local bazaar to find one kg of cauliflower selling at Rs 22. Thousands of commoners are affected, they feel helpless.

Team TSI went on an early morning fact-finding mission in the wholesale mandis of Delhi. Cauliflower was selling at the rate of Rs four to six a kg there. In retail, the same thing was selling at Rs 20 to 25 per kg. The story was pretty much the same for potato, onion and coriander.

A walk in Azadpur Mandi in Delhi, one of the biggest wholesale markets of fruits and vegetables, is not the most enchanting experience but it opens one’s eyes. Here one comes face to face with reality, the murky world of arhatias, commission agents and traders who are ready to take hapless farmers for a ride. No market theory can explain this phenomenon.

Commission agents and traders lead the pack but the local sabziwallah has joined the bandwagon too. Believe it or not, in certain categories of vegetables, their margin of profit has touched 300-400 per cent.

Wholesale prices have dropped to a fraction of what they were at the beginning of the year, but there is hardly any decline in retail prices. You might find it difficult to digest but you are ending up paying three to four times the mandi price.

Wholesale rates at present are actually at the lowest as compared to the past few months due to continuous downward trend since December 2009 and there is reportedly no shortage of any vegetable. Devinder Sharma, noted agriculture expert, says, “I don’t think food inflation will ebb after April of this year. In the days to come, we will first see the impact on prices of the Budget decision to hike duties on fuel. In the past few days, the price of 500 gram of curd in Mother Dairy has gone up by Rs two and that of cheese by Rs four.”

Some believe that the April harvest would impact the price of food items. The pressure on inflation will ease after the new crop flows into the markets. But those who believe in this are actually living in the fool’s paradise. Sharma explains why this is not feasible,“Fertiliser manufacturers have promised not to raise the price of other fertilisers besides urea in Kharif 2010, but once the monsoon season is over, they will be a given free hand in deciding the prices. That is where the fertiliser manufacturers are waiting to make a killing. This will have a cascading effect on food prices...”
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, March 11, 2010

By George, save ‘em!

Bailouts are simply a waste of time & resources. Leave them alone!

The quintessential definition of insanity is to repeat the same mistake and expect different results, everytime. And the US treasury apparently seems to have mastered the economics of ‘insanity’, running behind the much-abused oxymoron – bail-out! And we begin with the beleaguered insurance giant, AIG, which truly exemplifies a new version of desperate times – the government. Even after pumping-in a most precious $174 billion in the past one year, the Senate issued another gargantuan $30 billion in fresh issuance on March 2, 2009. Indeed very merciful; so much so, that Edward Liddy, CEO, AIG has had absolutely no headaches even after a writedown of $11 billion in 2008 alone, and another hip-breaking $107 billion in Mcap loss in the past 12 months! And if you thought the rogue bourses are to be totally blamed for its misfortune, here’s a revelation to ponder over. Aren’t bailouts meant to help a corporation get back on it’s feet? And even after a year of help, isn’t a company really supposed to show signs of improvements? But wait, here’s the real pill from the daddy of the financial world (read the US government) whose love for AIG would beat any mother’s grace to the grave! And if you claim that the AIG bailout worked, here’s the real deal – in just the past year, AIG announced a loss of $100 billion (and $62 billion in Q4, 2008, alone), the highest ever in the history of mankind! For the records, this total loss is close to the GDP of oil-rich Kuwait and has nullified all of AIG’s profits earned since 1990! Now argue!

We’re not against God. We’re not against AIG too! But we’re against window-dressing and false projection of the tantalising situation at hand, by this huge ‘government-owned’ American institution! Picture this – disregarding sanity, in the wake of such gargantuan losses, AIG is offering $165 million as bonuses to its executives (alas the same heads who got it into a mess). Really, America is a land of opportunities. You make a mess & get bonuses in return!

So as outrageous as it sounds (and even Timothy Geithner, US Treasury Secretary is not expressionless about it), Edward Liddy, CEO, AIG, still had the ‘spheres’ to say this, “I do not like these arrangements and find it distasteful and difficult to recommend to you that we must proceed with them.” The complete annihilation of the investment banking industry (thanks to the collapse of Lehman Brothers & Merrill Lynch) and the failure of Washington Mutual, Fannie Mae & Freddie Mac prove exactly why Americans should stop paying taxes if they dislike someone misusing their incomes! For a fact, the bailout given to Freddie and Fannie totalled a monstrous $200 billion (twice the GDP of oil-rich Kuwait, if we please). And what do we have left in the name of value today? A stinking $730 million in accumulated market value as on March 17, 2009. But that shouldn’t be any reason for the Senate to mourn over, for they still have 0.36% of the bailout given left in value! A toast to that! [Did someone say that bailouts work?]

Next we come to US’ second largest bank (of course, the largest being China) – Citi, and it’s much-worshipped hero Vikram Pandit, its CEO. Citi, till date has received $45 billion in bailout package from the US Treasury. And today, what is left of the company is just a fast dwindling $9.7 billion in market value! (For the records, since the past year, Citigroup shares have tumbled by 95% on NYSE!) And about losses? Oh! It’s not much. Just a blinding $26.78 billion during the past year. We’re proud of you Viki, and you must be proud of the Fed!
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 02, 2010

A Ball by the Baltic

“Every leaf speaks bliss to me, fluttering from the autumn tree”, said Emily Bronte; and autumn in Jurmala is one time when this spa resort turns ‘golden.’ In this blissful golden forest, one could unwind and recuperate at will. Jurmala, quietly nestled near the Baltic Sea and amidst the famous continental European nations like Germany and Finland, is amongst the most fascinating Baltic destinations. Jurmala boasts of its National parks, awe-inspiring art and architecture, white sand beaches and beautiful boulevards perfectly suitable for soothing romantic walks.

Once in Jurmala, pamper yourself by visiting the wide range of spas available, and indulge in tempting curative massages. ‘Paradise city’, as Jurmala is also known, is well known for its hydrogen springs and a certain kind of mud, which has medicinal properties, very useful for massages and mud- treatments. If your idea of recuperation is some breathtaking adventure, then drive down to Sigulda and experience some skydiving simulation without the parachute. One doesn’t need to get on a plane and jump out of it; simply float in the air above gigantic ventilators in a vertical wind tunnel. But if your idea of a good day spent is exploring new places, then a visit to the city of Tukums is a must. It is a very short drive away from Jurmala and is better known as Latvian Hollywood! One could take props and don the army gear and pretend to fight the war in a battlefield, while making funny videos and taking hilarious pictures. Jurmala also offers its guests a glimpse of the late 19th century. In the vicinity are some wonderful old wooden homes and other buildings that display many decorative Art Nouveau details. Those who appreciate art, culture and tradition would love to visit the Baznica Church and Jurmala City Museum, which has almost 50 thousand exhibits in different historical and artistic collections, as well as exhibits of underwater archaeology. Jurmala’s true assets are its white sand beaches like Majori and Bulduri beach.

Jurmala, probably has the longest stretch of beaches on one side and on the other is the beautiful Lielupe River, which flows parallel to the beach. Those accompanied by kids could splash around at the Aqua Park. Nature lovers can go for some photography or a refreshing walk in Kemeri National Park.

Jurmala is a fusion of breathtaking natural beauty, artistic museums and traditional architecture. Revellers could choose from sunbathing and relaxing at the beach to hopping from one fabulous town to another… This small, yet interesting Baltic hide-away is sure to cast a spell.
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, February 24, 2010

India’s 100 MOST profitable companies

Outliers! When Malcolm Gladwell released his book last November, he did not expect it to debut at the number one position on the New York Times bestseller lists. It did, and did better – Outliers made the “10,000 hour rule” common parlance in business circles, at least in the West. Gladwell compared case studies of various successful and not-so-successful lads and hypothesized that the most critical success factor to surpass in any area was simply practising a particular task for around 10,000 hours. That’s three to four years, in normal circumstances. You could buy that argument when it comes to analyzing individual performance, but businesses? We suspect that’s another ball game altogether.

But Gladwell’s premise surely throws up a correlation in business that forwards the supposition that the more a corporation perseveres in a particular area/function/location/market, the more the probability of the entity’s success. Or the older an organization is, the better its performance.

We ran the test on B&E Power 100’s top ten companies. Leave two companies (Bharti Airtel, rank 5, set up in 1995; Reliance Communication, rank 9, set up in 2004), all other companies are a quarter of a century to two centuries old – from the youngest Infosys (rank 7, 28 years old) to SAIL (#6, 55 years) to Tata Steel (#8, 102 years old) to State Bank of India (#3, 203 years old), Gladwell’s rule, albeit moderated to suit us, seems to be rocking business proficiency too well.

You can shout – we did too – what about the Googles, the fresh-off-the-blocks who can beat the world at the blink of an eye? Exceptions, dear, exceptions do exist even in well tested homogenous statistical groups, and technically, those exceptions are called outliers...
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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Saturday, February 20, 2010

Farewell to alms? Not so soon...

A change in plans, and not in intent, is the need of the hour for companies sceptical of CSR

Life for the laymen, after the collapse of Lehman Brothers, has been rife with troubles. From being handed the pink slips by their bosses to seeing prices of their homes plummet, no one from New York to New Delhi has been left untouched by the financial meltdown. Almost like a domino effect, charities and nonprofit organisations have begun to receive fewer donations and sponsorships; companies that until a few months ago boasted about their CSR activities, have mostly chosen to do away with the same.

Arya Samaj Gandhidham is one charitable organisation reeling under the pressure of the present credit crunch. “Our project Jeevan Prabhat is for rearing earthquake orphans, whom we are rearing like our own children without distinction of caste, creed or religion,” says Vachonidhi Arya, Hon.Gen.Secretary of the organisation. “We are totally dependent on donations for the rearing of these children and are already facing hardships since October 2008 and the situation is worsening day by day. At present our expenses per month are Rs. 3.5 lakhs and our income has come down to Rs. 2.5 lakhs per month. We just don’t know how we will be able to meet the shortfall.”

HelpAge India though is positioned at the other end of the spectrum. “HelpAge India is not affected by recession. In fact, we are looking at this year as our best year in fund raising,” said a jubilant Kapil Kaul, Country Head (Advocacy, Resource & Communications), HelpAge India.

Community Friendly Movement (CFM) is a social enterprise trying to better the lives of artisans by giving them a fair share of the profits earned by selling products made by them. Rahul Barkataky, Co-founder and CEO of CFM, is confident about tiding through this rough patch. “As of date, we have not felt the heat of recession. But yes, in the coming financial year 2009-10 we are looking at flat sales for our export initiative. To compensate for this we have focussed on Indian retail sales. There has been no impact as such on sales since our major product categories are alternatives to expensive accessories for both personal and home use. And yes, we have sufficient cash in hand unlike a lot of major corporations. And during recession, cash is king!” says Rahul.

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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Friday, February 12, 2010

Inconvenient Truths?

Lord Christopher Monckton, British politician, policy advisor and prominent climate change denier vents his spleen on Glaciergate...

The UN’s climate panel, the IPCC, is now doomed. Not a word it or its chairman says can any longer be taken seriously. The news that it is at last abandoning its entirely false claim that the glaciers of the Himalayas will disappear entirely by 2035 is one of the last nails in the coffin of this unlamented corpse.

A few weeks ago, I e-mailed Professor MI Bhat, of the Indian Geological Survey. Professor Bhat is an entertaining, courteous and always profoundly knowledgeable scientist. I asked him how his glaciers were getting on.

Professor Bhat is particularly fond of the 9575 glaciers that debouch from the high plateau of the Himalayas into India. He seems to know each of them personally – which are advancing, which are retreating and which are doing nothing much at all.

His report in response to my question was to the point. The glaciers were doing just fine, he said. Nothing unusual, compared with what could be found in the records going back at least 150 years.

What about Gangotri? I asked. He knew the answer at once. It has been receding, but not really because of “global warming”. Instead, local geological instability – common in the Himalayas– was the chief culprit.

Overall, he said, there was nothing to indicate that the glaciers were going to melt away on account of “global warming”. He was baffled by the IPCC’s contention that the glaciers would all be gone within a quarter of a century. As far as he was concerned, there was not the slightest basis in science or observation for any such notion.
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, February 09, 2010

Communists’ faith questioned

A former MP quits CPM over party’s anti-religion stand

Months ahead of the crucial panchayat elections in Kerala, the VS Achuthanandan government is in deep water. One of its former MP has quit the communist party over its anti-religion stand. The controversy is centred on Dr. K.S.Manoj, a Latin Catholic youth leader baptised into the party during 2004 Lok Sabha elections against Congress bigwig V.M. Sudheeran in Alappuzha. Manoj resigned his party membership, accusing the party in Kerala of taking double stand on issues related to faith and religion.

Earlier, A.P. Abdullakkutty, former MP from Kannur, had raised a similar issue, but he was expelled from the party. This time the party has changed its strategies. Rather than criticising Manoj the party has defended its stand because it desperately needs minority vote to win seats in panchayat polls.

“The party has nothing against any religion and we have many members who follow their religion,” says CPI(M) state secretary Pinarayi Vijayan. Fiercely disagreeing with Manoj, he said: “Manoj was a half-priest even when he contested the Lok Sabha poll. Nobody said anything against his faith or religious activities. Later, he was given party membership as per his request.

Now, after losing the seat he is trying to malign the party’s image by raising false allegations.” Looking at the seriousness of the whole issue, national general secretary Prakash Karat too joined in. He elaborated party’s stand on religion through party mouthpiece Desabhimani. He drew a distinction between ordinary party worker and a leader. There is no bar on religious practice for ordinary worker, but leaders should shun religious observance, he observed. The row is raging.
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, January 30, 2010

Get them in!

Encourage foreign film makers

Nothing kills a bad product faster than great promotion. Conversely, to ensure that a great product never delivers to its potential, do ensure that your promotions are benchmarks in disgrace!

The product in question is India… we mean as a destination for movie production. In this regard, our slow progress is quite surprising since the country is known far and wide for its natural beauty as well as for its diversity. We have done a lot for foreign locations. The forays of the Yash Chopra banner have had a lot to do with the increase in Indian tourist traffic to Switzerland by almost 30%. Even Rakesh Roshan was honoured by the New Zealand PM for promoting tourism. Recently, Tarun Mansukhani, director of Dostana, was invited by the Government of Thailand to be a part of their Thailand entertainment expo.

King Khan himself has just been signed on as a cultural ambassador by the Korean Tourism Organisation to promote tourism and lure movie makers. Numerous south Asian countries are also devising strategies to lure movie-makers. The Singapore Tourism Board invested $6.3 million under its ‘Film in Singapore’ scheme and will subsidise international film productions by up to 50%. Fiji is ready to give a payback of 35%. Unfortunately, Incredible India continues to lag in this regard. Just around 90 foreign film productions have been cleared for shooting in India over the last 3 years. The biggest predicament is the lengthy paper work required by Ministry of Information & Broadcasting. Multiple clearances with different departments continue to discourage foreign film producers. Also, local authorities create hurdles and ask for bribes before giving clearance at local levels.

Slumdog Millionaire has been the most successful foreign film foray into India, but not for the right reasons. Rather than being restricted to a global image of widespread poverty and destitution, it’s time that India stands for much more on the global front. And making it more easier for foreign film makers could be a vital step in that direction.

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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Friday, January 29, 2010

Let us work together for peace...

Though cultural and religious ties between India and Sri Lanka are very old, it was only until recently that both started developing good relations. An exclusive conversation with Sugeeshwara Gunaratna, senior Embassy official in India testified that Sri Lanka is more worried about India’s vulnerable relations with China and Pakistan than others. Some excerpts:

“5 things Sri Lanka appreciates about India...”

HARMONY IN RELATIONS: 30-40 years back, relations were limited to political contacts, religio-cultural tourism. Relations were also hindered by the ramifications of the ethnic conflict. But now there is harmony in the relationship with the political leadership of both countries staying in close contact. The relationship has also become multifaceted with increased trade, aviation links, tourism and people to people contact.

TRADE RELATIONS: It is very progressive. India and Sri Lanka were the first to initiate a Free Trade Agreement in the region. Trade volumes also went up from just $600 million to $3 billion. Many Indian MNCs have set up businesses in Sri Lanka in oil and lubricants, telecom, healthcare etc. Aviation has seen a sea change.

POLITICAL LEADERSHIP: The relationship has also reached a level where top level political leadership does not need to go through cumbersome bureaucratic procedures. India’s political leadership directly contacts top level Sri Lankan political leadership bypassing bureaucratic channels today.

JOINT INITIATIVES AGAINST TERRORISM: Both the countries initiated many joint anti-terror initiatives. India provides training to around 1,500 members of the Sri Lankan armed forces annually, the largest foreign contingent. India has also provided a few naval vessels to the Sri Lankan navy.


“And the 5 things we dislike...”

SECURITY ISSUES: Though infiltration is not a big problem today as the LTTE is destroyed, it is possible that remnants of the LTTE may try to regroup using Tamil Nadu, with support of pro-LTTE elements there. Sri Lanka wants India to maintain a continuous vigil of its maritime borders.

INVOLVEMENT OF CHINA: The issue of China’s involvement in Sri Lanka is a sensitive issue in India. Media or academic think-tanks are slightly to blame as they often over-hype issues. For example, many analyse China’s investment in developing Hambantota Port as a step to use Sri Lanka against India. However, Sri Lanka’s position is that it will never allow a third party to use its territory against India. Its engagement with China is purely commercial in nature.

SETHUSAMUDRAM ISSUE: India wanted to dredge a Channel in the Palk Straits and Adams Bridge area as it would give vessels a shorter route. Sri Lanka’s stand is that since it is an environmentally sensitive area, both should work to jointly manage the environmental repercussions.

NON-TARIFF TRADE BARRIERS (NTBS): Many Sri Lankan exporters and Indian importers have expressed concerns over the non-tariff import burdens from India. The concern is that NTBs have contributed to widening the trade gap in favour of India.

DIRTY POLITICS: Tamil Nadu politicians use Sri Lanka in vote garnering exercises. Political support to LTTE and Jayalalithaa’s call to retrieve Katchativu are prominent examples. These measures tend to vitiate an otherwise friendly relationship between the people of Sri Lanka and Tamil Nadu.

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, January 22, 2010

The recent mass demonstration by sugar producers

The recent mass demonstration by sugar producers could just be the tip of the iceberg that is about to slam India’s economic ship.

In fact, the current year’s Wholesale Price Inflation (WPI) is likely to end at 7 per cent or more. But the real yardstick to measure the affordability of the common man, the Consumer Price Inflation (CPI) might again reach the debilitating range of 12-13% as it did around two years ago. Not just this, with a sudden splurge in the capital markets by revived influx of foreign investors and the excessive overpricing of stocks and IPOs is leading to a scenario where an asset price bubble could form pushing the overall inflation further. In fact, according to Dr Mukesh Anand, Senior Economist, National Institute of Public Finance and Policy (NIPFP), “Especially at a time when per capita (disposable) incomes are also rising, over-capacity in key (core manufacturing) sectors has led to burgeoning costs pushing prices up.” And one factor that would definitely make the ground more slippery for UPA regime would be the global oil prices pushing hard to relive ‘glory days’ of early 2008. With crude already near the $80 mark, this is one slippery terrain which can derail the growth engine once again.
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Source :
IIPM Editorial, 2009


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

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Wednesday, January 20, 2010

Cinema, with distinction

Rajkumar Hirani may seem to have the box office midas touch, but his real secret is his ability to bring cinema to life with a human touch. Tareque Laskar gets behind the scenes...

Most film directors would be happy just to be able to entertain. But Rajkumar Hirani is a different and rare breed. He takes on the challenge of entertaining, educating and perhaps even enlightening his audience with his work. In an age where even the entertainment standards are plunging faster and further than the neckline of actresses in item numbers, it is hard to find even a decently entertaining film, let alone one that delivers more than that. But if Hirani's films are any yardstick, then the success of the Munnabhai series and now "3 Idiots" proves that balancing commercial and critical acclaim while delivering profound messages without being heavy handed has become this man's signature and his forte. A Rajkumar Hirani film is a kind of parallel education by itself, whether you are trying to make sense of Gandhigiri or looking at the potential shortcomings of our education system. Hirani seems to have his finger on the pulse of the viewer at large and that's why he's always focused on making sure the preaching's not too heavy and the proceedings on screen never dull, remaining profound and playful in the same frame.

His journey began with “Munnabhai MBBS”, a film that resurrected Sanjay Dutt’s career, but more critically gave us all the jadoo ki jhappi. It was a surprise move from Vidhu Vinod Chopra to greenlight a comedy, but Hirani’s unique heartfelt style, Dutt’s brilliant acting, and Arshad Warsi’s unforgettable ‘Circuit’ all combined to give us a great dose of the best medicine – laughter. But behind the guffaws was the message that drew from Rajkumar Hirani’s friends who had studied in medical college. It highlighted the foibles of the medical system in a manner so heartwarming that the whole nation embraced Munna and his antics.

Friday, December 04, 2009

Some Indians whose birthday last year was engulfed by death and destruction

Kanchan Milind Vichare

Working woman, mumbai

Kanchan, an employee of Kalpsutra Chemicals in Mulund, will be 37 years old on November 26 this year. “On my birthday, I will go to a temple and pray for those who lost their lives in the 26/11 attack.”

Kanchan was at home playing with her eight-year-old son, Prathamesh, when the terrorist attack on Mumbai began. Her first reaction was fear but as she watched the bereaved people mourning their lost ones, she was filled with courage and fortitude. “Since that day, I tell my son he must be brave and that he must stand up against all those who have evil designs on our nation,” she says. “The day after the attack, we were back at work. My husband is a driver.”

Kanchan adds: “The situation is going from bad to worse, but that does not mean we will hide in our homes. We have to confront the threats… 26/11 is a day we will never forget. I will celebrate my birthday for it will also remind me of those who suffered on this day last year.”

Mayank Aggarwal

Engineering graduate, delhi

Last year when the attack took place in Mumbai I was preparing for my last exam of the semester. As we had an exam the very next day, our celebrations were on hold. But the event that happened on the 26th and the repercussions that followed made me change my mind. I was really shocked and filled with anger. Every passing moment, more than thinking about my birthday, I remember it was the lives of the hostages that I was praying for. No doubt, November 26 is now regarded as a black day for our country and will be counted with December 6 (Babri Masjid demolition), Mumbai attacks, Indira Gandhi’s assassination, etc. The horrific events of the day are compared to the ones which occurred on September 9, 2001 in America.

A birthday is always a special day for a person and one feels like sharing his/her happiness with dear ones. But if a tragic event occurs, the day tends to bring back horrifying memories. It’s my birthday and I feel I have the right to celebrate it the way I want to, but thinking about the people who lost their lives that day I feel sympathetic towards their kin and feel their loss as my own. For this reason I won’t be celebrating my birthday partying out somewhere with friends.

I might go out for dinner with my family and spend most of the time with them as we always live in the shadow of fear. People may forget the event after sometime, but every year I am sure I will be reminded of the tragedy. It’s there with me for the rest of my life. I will maintain two minutes’ silence and offer prayers. If possible, I will join the people to commemorate all those who lost their lives that day.

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Source :
IIPM Editorial, 2009


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



Monday, November 09, 2009

When Charisma Confronts Fate

mundane are not the only things common to South Asian nations. Another bizarre distinction they share is a history of assassinations of leaders. It started with Mahatma Gandhi in January, 1948 and looks be on a brief ‘pause’ mode since December, 2007 when Benazir Bhutto was sacrificed at the altar of South Asian history. In between, in the late 1970s, her father Zulfiqar Ali Bhutto was ‘judicially’ assassinated by a military strongman called General Zia-ul Haq who himself died mysteriously in a plane crash in 1988. No country has been spared the trauma; no ruling ‘family’ has been spared the agony and the despair. Even as you read this, India is paying tribute to yet another victim of assassination – Indira Gandhi whose grandson Rahul Gandhi is preparing himself to become Prime Minister in 2014.

It is too early for objective history to be written on the impact these assassinations had on the trajectories taken by these nations. But some of these assassinations clearly look as portents of tragic history set to be repeated again, and again. Back in the 1950s, Sri Lanka, like India, was a newly independent nation grappling with existential issues like identity politics and the treatment of minorities. Solomon Bandaranaike was the charismatic Prime Minister of the country. He is the one who first gave a voice and a direction to ‘Sinhala’ nationalism at the cost of minority Tamils. He was shot dead by a Buddhist Sinhala monk who was convinced Bandaranaike was sacrificing Sinhala interests and pampering the Tamils. The genie was unleashed and continues to torment and traumatise the island nation even 50 years after the assassination. The genesis of V. Prabhakaran, the now dead leader of LTTE, can surely be traced to that one act of madness by a ‘Buddhist’ monk in 1959 (Ironically, it was the LTTE, formed to fight against Sinhala majoritarianism, that assassinated Rajiv Gandhi in 1991). For the moment, civil war in Sri Lanka has paused after an orgy of killings, assassinations and violence. But the ghosts of Solomon Bandaranaike and the monk who shot him still torment Sri Lanka.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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


Wednesday, November 04, 2009

The dissolution of old empires

More than 30 years ago, Sharad Pawar was a young stormy petrel who created history. He ditched the Congress party (then led by Indira Gandhi) and formed a government in Maharashtra with him as the Chief Minister. More than a decade ago, he rebelled against the ‘foreigner’ daughter-in-law of Indira Gandhi and formed the Nationalist Congress Party (NCP). During his second ‘revolt’, Sonia Gandhi became a persona non-grata; but only for a while. This time around, the ‘Maratha’ strongman’s party will again be in power as an ally of the Congress. But the grand dreams that Sharad Pawar had of upstaging the Congress are all but over. In the 2004 assembly elections, his party actually won more seats than the Congress. This time, it is way behind the Congress. And it does appear as if his daughter Surekha Sule will inherit the Pawar mantle even as she starts losing an Empire.

This has clearly been an election of hubris and déjà vu. Most pundits were of the opinion that the Congress led by Chief Minister Bhupinder Singh Hooda will sweep the assembly elections in Haryana since the opposition was badly fragmented. In the end, the voters ended up scaring Hooda who barely managed to scrape through with a narrow victory (At the time of going to press). The lesson for both Pawar and Hooda is stark and clear: Voters inevitably have a nasty habit of springing surprises if you become overconfident. Hooda will now be a much wiser politician while time is clearly running out for Pawar. In the future, Sharad Pawar and NCP have no choice but to play second fiddle to the Congress. He can’t form a government even if he now ditches the Congress and hitches up with the Shiv Sena.

There is yet another trend that the three assembly election results have reinforced. The era of anti-incumbency is rapidly receding and in danger of becoming a distant memory. Narendra Modi in Gujarat, Shivraj Chauhan in Madhya Pradesh, Sheila Dixit in Delhi, Raman Singh in Chhattisgarh, the late YSR Reddy in Andhra Pradesh and of course the Manmohan-Sonia team at the Centre have all defied anti-incumbency to get elected. Perhaps the only prominent politician who did succumb to anti-incumbency was Vasundhara Raje Scindia in Rajasthan. Does that mean that the average Indian voter is satisfied with the governance delivered by governments ­— both at the Centre and in the states? A straightforward yes would be foolhardy because even Congress insiders admit that the Congress-NCP alliance in Maharashtra has delivered appalling governance in the last many years. Take out Mumbai and Maharashtra slips to rank number 11 in terms of per capita income. The state leads in farmers’ suicides; power cuts have now become the norm and heavy rains now routinely cripple the city of Mumbai. Clearly, if just governance was the parameter, the voters would have decisively booted out the Congress-NCP alliance.

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Source :
IIPM Editorial, 2009


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



Tuesday, October 20, 2009

Classical dances - Mudras and moods

There are many Indias, ever changing and chameleon-like. One India vibrates through time with the pulse of music and dance. The world of Indian classical dance remains one of India’s greatest assets. From the sculptured elegance of Bharatanatyam and the ebullient spring of Kuchipudi, to the gentle sway of Manipuri and Odissi, the endless twirls of Kathak and waves of Mohiniattam, Indian classical dance offers the performer and the viewer a path to transcendence. The newly inducted Sattriya of Assam also joins her sisters in the mutual goal of evolved rhythm and imaginative poetry to portray the range of human experience.
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Source :
IIPM Editorial, 2009
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Friday, January 16, 2009

Why india needs this green movement

Just read these statements and ask yourself honestly if you have not uttered any one of them:
“Some of my best friends are Muslims, but…”
“Muslims always support the Pakistani cricket team”
“There is no historical record of Muslim invaders destroying any temple in India”
“Muslims are being systematically and deliberately discriminated against by both the State and the society in India”

Each one of these misleading, prejudiced and dangerous statements reflects the troubled nature of a special relationship between Islam and India, a relationship that could well be destroyed by the twin forces of bigotry and victimhood. Muslims and Islam in India are always seen through eyes that have been blinded by either prejudice, or denial. This has prevented a dispassionate discourse and is threatening to destroy a dispassionate discourse between the two largest communities of India – Hindus and Muslims. The future of India is tied inextricably with the future of Islam in India and it is time for both Hindus and Muslims to shed the rotting baggage of prejudiced history and look inwards. Without this, Islam in India will have an even more troubled future and India will then have no future.

Let''s start with the first two statements. Both are so laughably prejudiced that it should be easy for citizens of a modern, functional democracy to dismiss them outright. But the problem is that India is not a functional democracy in the true sense. Politics in India is still all about identities – caste, ethnicity, region and religion – while politics in a true functional democracy is about fulfilling the aspirations of citizens. The biggest challenge is for both Hindus and Muslims to transcend the politics of identity. And mere education will not suffice – some of the most bigoted Hindus and Muslims I have met are highly educated. As India keeps getting hit by terror attacks, it will be easy for bigoted Hindus to propagate the first two statements. But, the good news is that an overwhelming majority of Hindus have never subscribed to such views and it is for Muslims to recognise this as a fact when so called protectors of ‘Muslim’ rights push them further into imagined and real ghettos.

The partition of India and the creation of Pakistan has done virtually irreparable damage to Muslims who opted to stay back in India. As Pakistan descends even further into a vortex of neo-fascist and neo-military jehad, things will become even more difficult for Muslims in India. But there is nothing much that either Hindus or Muslims of India can do with Pakistan. What they can do is reaffirm in small simple ways the idea of India being an open society where all religions have an equal status. The bigger role in this task has to be performed by Hindus. It is only through repeated ‘actions’ that Hindus and the Indian society can convince the Muslim that the very talk of Islam being in danger in India is ridiculous.

If the onus is on Hindus when it comes to the first two statements, it shifts to Muslims when it comes to the later two. Denial and victimhood are two dangerous diseases that Muslims have to cure, albeit with the help of Hindus and Indian society. Thanks to a particular breed of Marxist historians (many of whom viscerally hate the very idea of India as a nation), the history of Islam in India is propagated as a glorious example of co-existence. Sure, co-existence has been the leitmotif for a larger share of India’s relationship with Islam. But it would be foolish to deny that the relationship also involved conquest, plunder and destruction of temples. Sure Islam in India as reflected through the Sufi tradition is a glorious legacy. But also sordid is the destruction of temples. That is a fact; a historical fact. Muslims must acknowledge that and both Hindus and Muslims must acknowledge that such practices (Babri Masjid being a modern day shame) have no place in contemporary India.

But the most pernicious and dangerous disease that Muslims need to tackle is a sense of victimhood. That is what led to the creation of Pakistan and that is what could destroy the future of India – including the future of the 160 million Muslims who live in the country. Even a child in India knows that the organs of the Indian state – particularly the police – are cruel, oppressive and brazenly undemocratic. For most cops, religion is less important than the status of the person they target. The police routinely pick up poor suspects and give them third degree even in cases of minor theft. If community-wise data on victims of police torture were kept, I wouldn’t be surprised if more than 80 per cent were Hindus. That’s a fact. What both Hindu and Muslim Indians need is police reforms. Sure there have been cases where innocent Muslims have been arrested and tortured after a terror attack. But to jump to the conclusion that there is a planned and systematic conspiracy by the Indian society to discriminate against Muslims is false and ridiculous.

Both Muslims and Hindus in India need to look more at Indonesia and Malaysia rather than Pakistan and West Asia.
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Source :
IIPM Editorial, 2008

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

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