Showing posts with label IIPM Admission Details. Show all posts
Showing posts with label IIPM Admission Details. Show all posts

Monday, June 03, 2013

Brave New World

The Bombay of the early 1990s opened a world hitherto unseen and the doors of perception had truly been opened, remembers Sutanu Guru

My first encounter with Maharashtra was pristine, ivory tower, innocent and almost like a first love. A small town hick from one of the BIMARU states, I was dreaming of pursuing a Masters in Economics from the hallowed JNU after my graduation. But there was a strike in 1983 in JNU and we were not sure if they will admit students from BIMARU states (Yeah, I know there was no Internet in those days). I was advised to try my hand at Gokhale Institute of Politics and Economics which was highly regarded. After some sniggers and snide suggestions about my pronunciation and conversation skills, I was given a place. Boy, how it opened a whole new world for me. And how.

The batch had just 32 students and the hostel where we stayed had just 32 single rooms. There was Fergusson College next door and a small hilltop called a "tekdi" right above the campus. And of course, Deccan Gymkhana, the area where it was located, was full of retired  Maharashtrians who loved taking long early morning walks. Greenery was a given. And the Film Institute was just about 2 kilometers away. Apart from falling in love with a classmate who taught me Marathi, I fell in love with the Servants of India Society library that reminded me of Thomas Hardy and The Bleak House. I also developed a lustful attraction towards one of our young teachers whose name I forget and began to admire a young professor called Bibek Debroy because he used to allow us to smoke in classroom (of course, he was a brilliant teacher too!). Half the batch was from outside Maharashtra and there were the usual vibes about being a local or not. And yet, all differences vanished when we debated the relevance of Baba Amte, the great anti-leprosy fighter and a man that Anna Hazare can never be. All differences vanished when we heard of V. M. Dandekar, the man who sort of started the poverty ratio debate in India. That short man with a white beard and sort of timid jumping steps was someone we held in awe. As we did Bhimsen Joshi who captivated us hicks all night with his magical voice in concerts. You may not believe it, but some of us actually read Marx and Keynes and animated debates over them through the night; sometimes helped by grass, Led Zep and Doors. Without realizing, I had realized I had started conversing in Marathi. But there was a darker side. Once, when me and my Konkan Marathi lady friend and some other friends were buying cigarettes, I was abused in Marathi by some young guys because I made a joke about Marathi. I wanted to respond in anger, but was dragged away by the friends saying it is not worth fighting with goons of some outfit if I recall was called Patitapavan Sena. My Marathi friends were deeply embarrassed because they knew I understood the abuses flung by those goons at me. We forgot all that soon when we started debating the ultimate what if about what would have been the fate of modern India had Baji Rao Peshwa had not been killed in the Third Battle of Panipat. Some of my Marathi friends were Brahmins, and some were from what we now should call the upwardly mobile castes. I used to sense a kind of anger amongst the later whenever there was any praise of Dada Kondke, Maharshi Karve, Bal Gangadhar Tilak or Gopal Krishna Gokhale. To tell you frankly, I was innocent but not a fool. And in 1983, I sensed that some intellectual morons like us were discussing Marx versus Keynes when Maharashtra actually was being ruled by what my then Marxist friends used to call Kulaks (Sharad Pawar might be a good example today). A small town hick like me who wanted to transcend all this could not fathom how educated guys discussing Marx suddenly became subtle caste foes. And then one day I think I lost my lady friend. When she questioned my status as a Brahmin and asserted how Konkan Brahmins were the purest of them, I could not help pointing out why so many Konkani Marathi ladies had blue eyes. And I laughed. And lost.

I visited Pune again in 2007 and in 2011. Before my 2007 trip in a taxi from Bombay (oh, Mumbai), I had nursed dreams of that old world sleepy charm of the city, despite media torts to the contrary. My colleague Devdas introduced me to some activists on the outskirts of Pune. This was the time when anti-North Indian agitations had already gathered momentum. One of the activists was very happy that a senior journalist from Delhi could speak even broken Marathi. He just opened up and said how the locals were being driven to poverty by this new culture of globalization. I was zapped. Later, I attended a prayer cum motivation session of a group that was responsible for destroying the library of the famous Bhandarkar Institute (close to the Gokhale campus). There, I heard so much vitriol against outsiders and so much hatred against Dada Kondke that I realized I am now in a new Maharashtra. I didn't even go to Gokhale. In 2011, one of my relatives who is studying in Pune, it remains a hot education destination, told me that their lives are made miserable by Marathi goons.

That got me thinking about my other major encounter with Maharashtra. I joined The Economic Times as a young hick in 1986 and actually struggled to find a roof. Thanks to a journalist in Maharashtra Times, the local language newspaper, I found shelter and eventually a paying guest accommodation that had six guys, 20 mice and about a 100 cockroaches in Maximum City. I survived. I loved Bombay of that time because it was so open and meritocratic, if you were willing to work hard. Bombay was exhilarating. I mean, I actually could go to the Taj and to attend a Press Conference and drink so called scotch and have chicken tikka. And then then there were those junkets where a bunch of journalists like me (wow I belonged) were flown to places in Indian Airlines flights to peddle a new public issue which is now called an IPO. But most importantly, Bombay of those times was dreams. I still remember my stint in Business World where Dilip Thakore was the editor. I wrote a story on garment exports and he seemed happy with it. I actually got to meet either Ajay or Dilip Piaramal with Dilip in the hallowed corridors of Bombay Gymkhana. I was so excited after that meeting that me and my friends went on a binge that ended in a place called Gokul in Colaba and then lots of food in what is now called Bhendi Bazaar. You know, the waiters who served us food were Muslims, as were the owners of those joints. They looked at you with a snigger. But they didn't give a damn about the nationality, caste, religion or gender of the person who paid the bill. It is not as if we hugged each other. The realization of "difference" was there even then. But it used to be a kind of live and let live. The live and let live dictum was visible even in that famous Anil Ambani-Tina Munim marriage where a huge media contingent from Delhi was invited. By then, I had shifted to Delhi and was part of that contingent. Even back then, in 1991, the fault lines were clearly visible. The Shiv Sena was no longer just a Bombay- centric party whose cadres used vocal and muscle power to do what they wanted to do. It had emerged as a strong political challenge to the Congress.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman

ExecutiveMBA

Saturday, June 01, 2013

The curious case of Vijender Singh

India's boxing poster boy, in trouble over drug connections, is no stranger to controversy. Aditya Raj Kaul investigates
Olympic bronze medalist winning boxer Vijender Singh is not just another sportsperson. Since 2008 when he did the country proud at Beijing, life has been in the constant fast lane. Despite a bad outing at the London Olympics in 2012, he has been in the news; issuing positive statements here, inaugurating a shop there, a top draw at modeling events in the company of actresses, and generally, the man about town.

Vijendra's success at the highest level in international sport has invited comparisons with Sylvester Stallone, not just for the dashing looks but also the Sly's hook and uppercut. The 27-year-old Jat strongman from little known Sirsa in Haryana had well and truly arrived.

But this arrivers' genial facade was shorn to bits this week he was questioned by the Punjab Police in Chandigarh for links with a drug peddler following a major haul in Zirakpur, close to Chandigarh. The story was sensational: the police first swooped on Anoop Singh Kahlon, an NRI businessman, an alleged international drug peddler, and recovered from him 26 kgs of heroin estimated at Rs 130 crores. An SUV registered in the name of Archana Singh, Vijender’s wife, was found outside Kahlon’s residence. The NRI told the police that Vijendra and his sparring partner Ram Singh were his `clients.'

Vijendra has denied any connection to Kahlon but has also refused so far, to share a sample of his blood and hair for forensic examination.

Insiders say Vijendra is no stranger to controversy and had raised eyebrows in 2006 when his best friend and boxer Sonu Chahal died under mysterious circumstances. The 20-year-old was found hanging to a ceiling fan at the Sports Authority of India (SAI) hostel in Bhiwani on March 12, 2006, a place where he also trained. Barely hours before, Sonu had been happily grooving to Hindi songs at a friend's wedding. A potential winner had been nipped in the bud.

While the police had registered a case of suicide, the forensic report claimed “foul play”. The report, a copy of which is available with TSI, clearly states that “based on the type of knots around the fan and the neck and the position of the body, foul play cannot be ruled out.”

Four years later in 2010, the Punjab and Haryana High Court took cognizance of the fact that there was more to Sonu’s death than an open and shut case of suicide. Under pressure from Sonu's family over charges of botched investigations, the case was transferred to the CBI.

Sonu's family had barely started to heave a sigh of relief when the CBI closed investigations in the case calling it a suicide. Said the closure report of the CBI filed in August 2011,“The investigation has disclosed that Sonu Chahal was in love with Seema, also a boxer, and wanted to marry her. But his parents were not in favour of their marriage as they belonged to different castes. Moreover, when Seema developed an intimacy with another youth, Sonu went into depression and committed suicide out of frustration”.

The CBI report cleared the four main accused as well. ``During the course of investigations, it was found that the four accused Narender Sangwan, Pawan Rathi (both boxers), coach Jagdish Singh and Balwan Singh, watchman of the Sports Authority of India (SAI) hostel, named in the FIR were found innocent”.

When asked, Vijendra Singh told this magazine, “Sonu was my best friend for almost seven years. I was emotionally disturbed when I heard the news. If I was in Bhiwani, this death would not have happened.” He, however, refused to speculate whether it could have been murder. ``The police would have a better picture on this,'' he replied.

In 2010, the victim's father Charan Singh Chahal had told TSI that Sonu was murdered. ``I knew from day one that he was murdered. The injury marks on his necks cannot be of someone who commits suicide.” The father is convinced to this day that the coach was behind the killing.

“Sonu became aware of a fake certificate racket being run by certain higher ups and was therefore silenced. I have appealed to the CBI to take over the case as it concerns the death of someone who played for the country both at the national and international level”, said the distraught father, who is sadly and unsurprisingly, left fending for himself.

Sources in the Haryana police, on conditions of anonymity, say that the influential background of those in question have compelled the police to go against the forensic findings that hint at “foul play”.

Charan Singh Chahal says that while the police report did not detect any marks of internal injury, the postmortem report said there were “horizontal marks on his neck, which clearly refers to murder”. He says he has ample proof and will continue his quest for justice, despite the fact that he has only got assurances but very little else.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman

ExecutiveMBA

Friday, May 31, 2013

Stanley Kubrick to Anthony Burgess

In 1968, shortly after finishing 2001: A Space Odyssey, Stanley Kubrick began work on what he would later predict to be "the best movie ever made" — a meticulously researched, large-scale biopic of Napoleon Bonaparte. A few years later, after adapting Anthony Burgess's A Clockwork Orange for the big screen, Kubrick brought Burgess on-board to write a Beethoven-inspired Napoleon novel on which his epic could be based. In June of 1972, Burgess supplied the filmmaker with the first half of his manuscript; Kubrick rejected it by way of the following letter, thus ending the collaboration. Burgess was undeterred, and Napoleon Symphony was published as a novel in 1974. Kubrick's movie, however, failed to materialise.

15 June, 1972

Dear Anthony,

TI shall start off by saying I don't really know how to write this letter, and that it is a task which is as awful for me to perform for me as it may be for you to read.

You are far too brilliant and successful a writer, and I am far too much of an admirer of yours to patronize you with a listing of what is so obviously excellent about 'Napoleon Symphony'. At the same time, I earnestly hope that our all too brief friendship will survive me telling you that the MS is not a work that can help me make a film about the life of Napoleon.

Despite its considerable accomplishments, it does not, in my view, help solve either of the two major problems: that of considerably editing the events (and possibly restructuring the time sequence) so as to make a good story, without trivializing history or character, nor does it provide much realistic dialogue, unburdened with easily noticeable exposition or historical fact.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
BBA Management Education

Wednesday, May 29, 2013

'Abdullahs are hypocrites, they can't fool people for long'

In a chat with Aditya Raj Kaul after the hanging of Parliament attack accused Afzal Guru, Prof. SAR Gilani, under house arrest, talks about the duplicity of politicians and repercussions of their actions in the Valley

What was your reaction when you heard about Afzal Guru’s hanging?
When I first heard they are going to hang him, I was shocked. It was around 6.30 in the morning. I thought of immediately confirming with the family. When I called his wife, it woke her up from sleep. I asked if she had any news about Afzal. I told her about the rumours doing the rounds. She was shocked that nobody had informed her. As I came to know about the curfew in the Valley, I got a firm indication.

Do you think the government has actually mishandled it?
I have been talking about the legalities of the case, about Afzal not getting a fair trial. The manner in which it has been done doesn’t only violate the law of the land but also democratic principles. Very basic human values were trampled upon.  There is no doubt that it was nothing but a politically motivated decision.

Political commentators have been speaking about similarities between the hanging of Maqbool Bhat in 1984 with the present case. Do you think there will be repercussions in the Valley like we saw in 1989-90 onwards?
I was right now talking to my friends about the very same issue. I pity the leadership in this country. The leadership that is supposed to run a huge country, the largest democracy on earth, their vision is so narrow that they cannot see beyond the 2014 elections. It will definitely have very serious repercussions. I can see the situation developing right now, especially among the youth. I think this is going to be a disaster. I wish it (Afzal’s hanging) never happened. The way they have handled it, they have given a message to the people of Kashmir, that you’ll never get justice. Nothing happened immediately after Maqbool Bhat’s hanging. Similarly, at present, it may not happen immediately, but it will have far-reaching consequences. Secondly, we were kids during Bhat’s hanging and our generation, as I see it, wasn’t very politically aware. The generation now is highly aware. We live in an era of information. In Afzal’s case, everyone knows how systematically justice has been denied to him. Everyone knows how this decision was politically motivated.

You were charged in the case in the beginning, but the Supreme Court acquitted you. Later, there was an attempt on your life by unidentified people. Looking at the developments since Afzal’s hanging, do you fear for your life today?
The attempt on my life and the two years I served on death row were orchestrated by the system. There is no doubt about it. And when you stand against the system, they target you. I know that I am in danger. They even tried to gag me for the last three days. I know this case in and out and know how injustice has been done. As a human being, if you can’t open your mouth when you know a wrong is being done, then I don’t think you have any right to call yourself a human being. By doing this, I may be putting myself in danger but I cannot stop myself. My conscience won’t allow me to do that.

J&K chief minister Omar Abdullah said that those Kashmiris who didn’t identify with Maqbool Bhat will today identify with Afzal Guru. How do you look at the statement?
Omar Abdullah is trying to wash his hands off. He is equally responsible. It (Afzal’s hanging) wasn’t done without his consent. I will take you a bit back when Ajmal Kasab was hanged amidst secrecy. That day Omar Abdullah had tweeted that similar kind of secrecies can be maintained in other cases related to national security. He was actually linking to this particular case, suggesting that the execution could take place just as the way it was done in Ajmal Kasab’s case. It’s not that Omar was earlier not aware of this whole thing. If you remember, in 2006, when death sentence was given to Afzal, Farooq Abdullah made such a hue and cry stating that Kashmir will burn. After Afzal’s hanging, he changed his stand completely. Abdullahs are hypocrites. They can’t fool people for long.

JKLF chief Yasin Malik shared the stage in Pakistan with Hafiz Saeed. Do you think it was right?
As I know about Yasin’s visit to Pakistan, he has basically gone there to see his family. He has a young daughter, who he had not seen for a very long time. She did not have travel documents and there is a policy back in Pakistan that they don’t allow travel documents unless the father comes. After Afzal’s hanging, he sat on a protest hungerstrike outside Islamabad Press Club. This was not something in hiding. It was an open meeting. If there are people coming and going and during the protest this man (Hafiz Saeed) also comes, that doesn’t mean that Yasin Malik had invited him. I think the way the Indian media is taking it up isn’t the right thing to do.

There has been a virtual curfew across the Valley for days, even the newspapers haven’t been allowed to publish. Doesn’t this make things worse?
As I told you, I actually pity the politicians of this country. You deprive people of their basic right – their right to protest. There was no violence. You are gagging people. Just last month, there was a hue and cry in Kashmir over freedom of expression. I want to ask where are those champions of freedom of expression now when the whole of Kashmir is being gagged. It’s not just in Kashmir, even Kashmiris outside Kashmir are being gagged. The way I was put under house arrest. Syed Ali Shah Geelani is here and was put under house arrest and is not being allowed to move out of his house. For the first two days, they (police) were sitting inside his room and not even allowing him to move. That was the kind of situation. Even Mirwaiz has been put under house arrest.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman

ExecutiveMBA

Friday, May 24, 2013

"Much of the Western journalism in Afghanistan today assumes that any Afghan who takes up arms against the West is a fanatical intolerant Muslim who is doing it for religious reasons"

William Dalrymple's new offering, Return of a King, is a fabulous account of the First Anglo-Afghan War and its disastrous consequences. As another defeat looms large in Afghanistan, he talks about the obvious parallels and divergences in an interview with Saurabh Kumar Shahi

What prompted you to write a book on the First Anglo-Afghan War? Did you find enough curiosity among the readers to lap up this subject?

The reason I write any book is not primarily what the readers want, I have to say. The first rule to write a successful book is you need to be passionate about it yourself. Having said that, I must add that it is a consideration. There are thousands of books I want to write on subjects, like my family history etc., who no one else will be interested in reading about. So, readers are a consideration. But it is not the only consideration. While I knew it would not be as successful in India as, say The Last Mughal; as the subject is not directly related to India, I expected it to sell in countries who are affected in one way or other by Afghanistan, including the 50-odd countries that are part of International Security Assistance Force (ISAF). So I thought it was a risk worth taking. Although you are right, it is not a famous story anymore. Very few people know this tale and fewer still know Shah Shuja. So it was a gamble. But the story was fabulous - the simple cinematic image of 18,000 soldiers marching in a country and only one man managing to return past Jalalabad is a driving force. It is such a strong and eternal image that it will work for a thousand years to come.

The impressive bibliography suggests that you brought in a whole new set of research materials for this book, including those from Afghan poets, chroniclers as well as British officers. Often such materials tend to be partial and exaggerated and incorporate folklore...
Sure, it is a different sort of source to the British colonial source. So, if you have a letter from Lord Aukland saying I want to move 5,000 troops from Barrackpore to Lucknow, you can be sure enough that 5,000 sepoys moved. When an Afghan poet says “A hundred thousand brave horsemen charged over the hill and made the Firangis flee for their life”, you obviously don’t take it with the same literal sense. But it is incredibly helpful in many ways, especially the way it portrays Afghan attitudes, and also who the people doing the fighting were – their motives. As with much Western journalism in Afghanistan today which assumes that any Afghan who takes up arms against the West is a fanatical intolerant Muslim who is doing it for religious reasons. The interesting part is that in Afghan sources you get very distinct reasons. The religious factor is there, and it is expressed as it is in rhetoric. But individual reasons are well defined by the Afghan sources. Abdullah Khan Achakzai participated because his girlfriend was seduced by Burnes. Aminullah Khan Logari joins in because his land is taken from him. However, you have to use them carefully. But you use British sources carefully too as they come with their own problems, including incorporating the imperial views.

It is not difficult to see some very obvious parallels between the 1842 war and now. Was there a deliberate attempt on your part to illustrate these parallels or were they so obvious that they would have come to light even without a little help from the writer?

I guess it was so obvious that I did not need to overdo it. The only times I explicitly talk about the parallels are in the introduction and conclusion. In the main body of the book, except the odd footnotes where I pass through a territory and say that it is now a US base or garrison, nothing is deliberate. Again, I have also pointed out differences. I think it is important to say that Hamid Karzai, with all his corruptions and failures, is at least a democrat. And similarly, Mulla Omer, although he has great following in some areas in the south, especially in and around Kandhar, is by no means a dominating central figure of resistance in a way that Akbar Khan and Dost Muhammad were in 1842. But readers would be awed by the astonishing parallels nonetheless.  


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
BBA Management Education

Wednesday, May 08, 2013

Why He Will Be even More Dangerous for India in 2013

This man has already achieved what no other non-member of the Gandhi family has ever done. The closest to his record is Atal Bihari Vajpayee, who was Prime Minister for six consecutive years between 1998 and 2004. P. V. Narasimha Rao is another non-Gandhi who completed 5 uninterrupted years as the Prime Minister. The next best is a Gandhi family member Rajiv Gandhi, who led the government between 1984 and 1989. No other Prime Minister – except Jawaharhal Nehru and Indira Gandhi – has survived five uninterrupted years as Prime Minister. Nehru was PM continuously from 1947 till his death in 1964. Indira Gandhi was PM between 1966 and 1984, except for a two and half year exile between 1977 and end-1979. The way things are changing in Indian society and economy in terms of aspirations and expectations, even die-hard supporters of Congress will snigger at the suggestion that Rahul Gandhi could be Prime Minister for 10 consecutive years beginning 2014. So there is absolutely no doubt that, in a factual context, Manmohan Singh has already secured his place in history. It is a different matter that an ‘unelectable’ bureaucrat completing 10 successive years as Prime Minister reflects on the quality and the depth of Indian democracy. But credit must be given. Manmohan Singh will almost certainly complete 10 years as PM. But will history talk about him and his lengthy tenure the way it will keep dissecting the track record of Nehru and Indira? For that matter, forget Nehru and Indira, will he ever acquire the stature that even Vajpayee has assured for himself? Let’s look at it in another, more blunt manner: will history ever talk about the legacy left behind by Manmohan Singh? Quite frankly, history books will confine him to a supporting role at best as they analyze the legacy of Sonia Gandhi. Sad, but Dr. Singh will leave behind no legacy: faceless bureaucrats who selflessly do the bidding of political masters never do so.

And yet the man, the economist, the bureaucrat, the courtier and the reluctant politician knows that he has achieved something phenomenal by becoming Prime Minister for two consecutive terms. And even faceless bureaucrats have egos and dreams. There is no doubt whatsoever that Dr. Singh knows his days as Prime Minister are numbered. He knows that even if the UPA manages to win another term in 2014 and Rahul Gandhi decides he is better off enacting the role of Sonia Gandhi by pulling the strings from behind the scenes, it is another courtier who would be anointed Prime Minister. He also knows that fawning Congressmen will instantly delete him from even contemporary footnotes the moment another courtier takes his post. I mean, if they don’t care a fig about him even now when he is the Prime Minister, what chance would he have as an elderly statesman without even the fig leaf of perceived power and authority? Surely, it must be rankling. It would rankle any normal human being with normal feelings and human emotions. And Dr. Singh is undoubtedly the embodiment of middle class normalcy.

This is where India begins to enter very dangerous times. Dr. Singh would be determined to leave at least some legacy behind. He is not a fool. He knows there is no chance of a political legacy of the kind left behind by Nehru, Indira and Vajpayee. He also knows that history books will credit not him, but Narasimha Rao as the architect of economic reforms. In fact, in terms of economic performance, his long tenure as PM would be torn to shreds by objective historians. Do remember, he was aware of all this even back in 2008 when it was not certain that the UPA would be voted back to power.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
BBA Management Education

Saturday, May 04, 2013

An Alzheimer's cure?

Millions of dollars are being poured into fighting Alzheimer's, but the cure could be a step nearer

Alzheimer’s Disease (AD) is fast emerging as one of the most menacing threats to the human race in the coming years.

By 2050, people of 60 years or more will account for around 22% of the world’s population. As per Alzheimer’s Disease International (ADI), an international association to fight AD, around 35.6 million people are affected by the disease. Furthermore, some 7.7 million cases are added each year. At the current pace, the number will double every 20 years. Around 58% of AD patients are in the developing countries, and the ratio is expected to reach 71% by 2050. AD is the sixth leading cause of death in the US today and around 5.4 million Americans have AD. The total cost to fight AD in America is $200 billion to date, and the total cost to the world is $604 billion. The US FDA has approved six drugs to cure AD. But surprisingly, a drug called LMTX, by a Singapore based biotech firm, could be the best bet. The claim by the firm is that the drug can even reverse the effects of AD – by attacking tau and amyloid deposits, two proteins that cause brain plaques.

But all these medicines may well be reducing the smoke than putting out the fire. Professor Ruth Itzhaki from the University of Manchester in an exemplary medical research proved that the Herpes Simplex Virus – which causes normal skin rash in almost 90% of the population – was found located right within the protein plaques of 90% of AD patients.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman

ExecutiveMBA

Wednesday, April 24, 2013

Barack Obama’s Kony capitalism

Ugandan Joseph Kony’s past is reason enough to target him as a crime perpetrator; but the grand involvement of United States in such a myopic issue clearly seems to be only with an objective to capture oil resources in the Ugandan region than for any other altruistic reasons

Joseph Kony. By some accounts, he’s a raving lunatic. By other accounts, he’s purely a cult religious fanatic. By almost all independent and reliable accounts, the man is a cut-down-to-size erstwhile extremist on the run who might previously have had fair resources under his command, engineering random killings, ethnic cleansing and abductions not only in Uganda – his former homebase from where he used to lead the Lord’s Resistance Army (LRA) – but also in South Sudan, Congo and Central African Republic. But by no sane account is the man currently worth the title of a global terrorist.

Of course, two decades ago, Kony was a different man, with a larger-than-life persona, commandeering armed men under the LRA umbrella ostensibly fighting for “freedom”. But over the years, the LRA – which sources claim had above of 100,000 fighters during the 1990s, including a significant number of children – has been decimated quite impressively by Ugandan forces. As of date, some estimates mention that the LRA – if it at all exists anymore as an entity – couldn’t have more than a hundred so-called fighters, and those too operating discretely without any central command. And the reason for that is that Kony’s been on the run for quite a long time; and his motley LRA crew – which Uganda strongly claims is being ‘supported’ by Sudan – wouldn’t even have been known in countries outside Africa had the US not decided to get in their spin doctors into the act and brand Mr. Kony as the new Osama bin Laden.

In other words, Kony – who is often now referred to even as a plain vagabond criminal – is not worth betting your grandmother’s Edward shilling on. Far lesser is he worth creating a Lord’s Resistance Army Disarmament and Northern Uganda Recovery Act (which Mr. Obama created in May 2010) or demanding more funding from Congress primarily to target Kony and his coterie (which the US President again did in November 2010) or sending “combat-equipped” US defence forces into Uganda with a prime objective to remove Kony and destroy LRA (which Mr. Obama again managed in October 2011). And to top it all, the spin doctors even released a Youtube video called Kony 2012 in March 2012 (it’s been viewed more than 100 million times on Youtube and Vimeo as this magazine goes to print). The video documents Kony and LRA’s various ‘atrocities’ and demands action.

The gaumless ridiculousness of Mr. Obama’s so-called altruistic moves got highlighted to worse levels when on March 21, 2012, the US Senate passed a resolution against “the ruthless guerrilla group” and backed efforts to target Kony and LRA. Seriously, is all of this for a man who has, as per the US government’s own admission (Donald Yamamoto from the US State Department revealed the figures), just 150 fighters left? Kony had been operating for decades and the US did nothing. Then why now, when Kony is already almost extinct?


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 

Tuesday, April 16, 2013

In need of a bailout

With several power utilities running up prohibitive losses and power tariffs remaining static for years on end, the much touted growth story for the power sector looks like tripping up.

The red flags are up for the power sector, which was once considered to be the next ‘big thing’ in India’s growth and investment story. But in the face of mounting losses by already debt-ridden state electricity distribution companies, existing and future loans to the power sector have become a cause of deep concern for banks and state lenders such as REC, PFC and others. Lenders such as Power Finance Corp (PFC), Rural Electrification Corp (REC) and several banks have together lent about Rs.4.8 trillion to the sector by March 2011 and total advances are expected to grow 23% over the next two years. Moreover, around Rs.560 billion of these lenders’ exposure is potentially at risk if there is no meaningful progress on power reforms in the next 18 months. And going by the way the power distribution sector is racking up losses, funding for the sector looks headed for real trouble.

Losses for state electricity distributors, which depend on state support and borrowings from financial institutions to meet revenue shortfalls, doubled in the two years since April 2008 to $12.9 billion, according to a Power Finance Corp report. The net losses of the power distribution firms, which have been widening over the past five years, was pegged at about Rs.400 billion in FY11. As a result, many distribution firms are financing the gap in their revenues and costs by debt funding. Nine states including Rajasthan, Bihar and Haryana account for 80% of the outstanding debt (see chart). But mounting losses at state electricity boards (SEBs) and delays in the execution of new power plants are making servicing of loans and interest payment difficult. SEBs are on a brink of bankruptcy as they are saddled with losses running into millions of rupees on account of power theft during transmission and distribution, billing inefficiencies, and, more importantly, because they have to buy expensive power to tide over short-term deficits. To add to the woes of distribution companies, power subsidy requirement by distribution utilities has increased both in absolute and percentage terms over the last few years, which means that the ratio of average revenue realisation (ARR) to average cost of supply (ACS) and the gap between ARR and ACS has deteriorated. From a credit perspective, timely disbursement of subsidy to distribution companies remains a critical factor, given that any significant delay in subsidy payments by the State governments can impact the cash flows of the state-owned power utilities.

Under the circumstances, it’s no surprise that some of the state electricity boards are already asking for loan restructuring by extending the repayment period. Loan advances to power sector constitute nearly 7.3% of total outstanding credit for banks. Of this, nearly 30-40% is accounted for by state electricity boards (SEBs) and face a much greater likelihood of being restructured if things get any worse. According to brokerage firm Macquarie, up to 40% of advances to the power sector could be restructured. Canara Bank has the highest exposure to power, with 13.3% of its assets exposed to the sector, while Kotak Mahindra Bank is the least troubled with almost negligible exposure to power. India’s top two lenders, State Bank of India and ICICI Bank, are among those having high exposure to the power sector, with more than 300 billion rupees of loans each. According to Chairman and Managing Director of Punjab National Bank K.R. Kamath, “Wherever we had issues on state electricity board short-term loans we have restructured and converted them into long-term loans repayable over a period of time.” In fact, PNB has restructured loans worth Rs 1.7 billion given to Tamil Nadu state electricity board in the second quarter. A similar predicament is being faced by Indian Overseas Bank, which has lent more than 91 billion rupees ($1.8 billion) to the power sector. “Some of the state electricity boards are asking for loan restructuring. We’re seeing how that can be worked out,” says Chairman and Managing Director M. Narendra. According to the Reserve Bank of India, bank loans outstanding to the power sector as on September 2011 was Rs 3,007 billion. Banks exposure to power sector at the end of August 2011 accounted for 7.9% of total bank credit. The maximum limit is 8.3%, which leaves almost no room for further funding.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail

IIPM Links
IIPM : The B-School with a Human Face

Monday, April 15, 2013

RTI needs more teeth

B&E: The PM, along with some of his colleagues, has been critical of some of the provisions of the RTI. What do you read from the PM’s remarks?

ND:
The impact of RTI has begun to show now. I think the RTI, not as a law, but as a system, gives it strength. The government has also been in trouble on many occasions due to RTI and their anger is unfortunate. This is one legislation that has been passed by this very government. What the PM has said is unfortunate. I would be happy if he had talked about strengthening its implementation instead of attempting to dilute it.

B&E: The PM’s call for a critical look into the RTI Act has emboldened voices seeking dilutions to RTI. Do you see it as a threat to RTI?

ND:
The threat from the political class to RTI has existed since the Act came into being. Barely six months into the formulation of the Act and the government was already on its toes to clip its wings. I remember we had a hard time keeping the RTI in its current form. However, with the kind of community support that the RTI has garnered in these 6 years, it will not be easy for any government to amend it.

B&E: What is your reaction to remarks that the RTI has inbuilt weaknesses?

ND:
I feel that there are weaknesses in the Act, but in the sense that it doesn’t have sufficient teeth. There is no provision for fixing responsibilities & imposing penalties.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail

IIPM Links
IIPM : The B-School with a Human Face

Thursday, April 04, 2013

B&E This Fortnight

INTERNATIONAL
BUSINESS, ECONOMY & FINANCE
Us debt deal done

After months of political wrangling and partisan posturing by both Republicans and Democrats in the Republican-led House of Representatives, President Barack Obama and his team were finally able to cut a deal that allows the US to trim its bulging deficit and raise the $14.3 trillion debt ceiling by more than $2 trillion in extra borrowing power, which will last till 2013. The agreement reached paves the way for $2.1 trillion in spending cuts spread over 10 years and creates a congressional committee to recommend a deficit-reduction package by late November. But the deal does not include any tax increases that Obama had pressed hard to include. Had this last-minute deal not come about, it would have led to a historic US default on payments to investors in Treasury bonds, recipients of social security pension checks, those relying on military veterans benefits and businesses that work for the government. Now that an agreement has been sealed, though after much fractious debate, the US and the world can breathe easy. It will help preserve America’s top notch credit rating, reassure investors in financial markets across the globe and possibly reverse the losses that spread across Wall Street in recent days as the threat of a default grew. However rating agencies may still downgrade America’s current AAA debt rating on concerns about the struggling US economy.

Sprint-lightsquared
The US’s first integrated 4G-LTE wireless broadband and satellite network, LightSquared, has announced a $9-billion network hosting deal with Sprint Nextel. The deal covers spectrum hosting and network services, 4G wholesale, and 3G roaming. LightSquared will pay the deal amount in cash within 11 years even though the time frame for the deal spans 15 years. Moreover, this agreement brings home the opportunity for Sprint to purchase 50% of LightSquared’s expected L-Band 4G capacity. On the other hand, the deal is beneficial for LightSquared for it expects to save $13 billion on network capital & operating expenses. The deal is expected to be a win-win for both, and will enable setting up a separate platform for Sprint Nextel’s hosting opportunities.

ExxonMobil profits
Riding on the high prices of oil and gasoline, the largest oil company in the US - ExxonMobil reported a 53% increase in its fourth quarter profits. ExxonMobil earned $10.7 billion for the quarter, up from $7.56 billion in the same quarter a year earlier. In the second quarter of the current year, ExxonMobil had increased its production by 10% leading to a 41% increase in its quarterly earnings. Earnings were $2.18 per diluted common share, falling short of analysts’ consensus forecast of $2.33, but still much better than last year. ExxonMobil in 2009 had bought natural gas explorer c for $25 billion and has recently purchased two companies in the gas rich Marcellus Shale area across Pennsylvania. The acquisition has boosted its production to an equivalent of 4.9 million barrels of oil a day.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles

Thursday, March 28, 2013

Still very Stuck with a ‘P’rofound ‘E’xuberance

Though Sensex has been Correcting itself Since Last November, at Current PE, it looks Overvalued. And with Jittery Corporate profit growth Forecasts, it is surely due for Further Correction.

24.15 was the PE multiple (price to earnings) of Sensex when the BSE benchmark scaled its lifetime high of 21,005 for a day in November last year. At the same time, that was the value which made many analysts act like disciples of Yale professor Robert Shiller calling the market movements “irrational exuberance” (Author of Irrational Exuberance Shiller, using Cyclically Adjusted PE model, had claimed at the peak of dotcom bubble that markets are overvalued and soon it succumbed to the bubble burst bringing glory to the author). And as we know since then, the Sensex has rolled down 12.21% to close at 18,439 on March 14, 2011. But the million dollar question that still worries a common investor is that, with the Sensex PE reading 20.02 currently – against 10-year average (quarterly) of 18 – can we say that the index is operating at a sustainable value or is it just a breather before another major correction?

Before getting into the details one first needs to understand what does PE multiple of an index stand for? In simple words, Sensex PE at 20 means Sensex is now valued at 20 times the cumulative earning power of its 30 constituents. Even if it sounds arbitrarily high for a common investor, in true terms, it is nothing new for the Sensex, more so for that the index has sustained over this value for over 18 months between 2006 and 2008. So, what is the problem that we are talking about?

Well, it’s actually the change in conditions, both economic and market. The most critical fact about the PE multiple of Sensex is that it is based on the anticipated earning power of the companies and while the economic conditions were suitable in 2006-07 to achieve rapid growth, it’s bleak at present. Although the reviving demand, both in the domestic market and globally, will provide Indian companies a boost in sales, the real task is to maintain the kind of profit margin that they are used to. If a substantial rise in raw material prices in the last year was not enough to dampen the momentum, rising crude oil price (already gone past $100 per barrel) is ensuring that the corporate profit in the coming months falls below market expectations. And the trend is already setting in. Considering the quarter-on-quarter cumulative net profit of Sensex companies in 2010, the growth quotient has fallen from 15.41% in the March quarter to 8.45% in December, threatening the market confidence and of course, the future value of the index.

In fact, discounting for the negative sentiments, the Sensex, which offered a mind boggling 157% between March 2009 and November 2010, has already lost over 12% since then. Whereas, global indices like Dow Jones Industrial Average and S&P 500 have advanced 4.3% and 6.3% respectively during the same period. For that matter, despite being on the receiving end, other BRIC benchmark indices have confined their losses to 6 to 8%. In fact, the Russian RTS index has gained a mind-boggling 18.5% during the same period.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles

Tuesday, March 12, 2013

B&E’S POWER TALK SERIES

Head – Marketing, Dhanlaxmi Bank in Conversation With B&E’s Mona Mehta

B&E: How critical is marketing for the regional private banks? How is Dhanlaxmi Bank dealing with it?
SM:
For a bank, which is a new entrant it is imperative that the consumers know about the bank and what it has to offer. In a cluttered and non-differentiated market capturing a share of mind is difficult. And it is even more challenging to build an imagery of a modern and a contemporary bank (where people had a perception that it is a co-operative bank). Every initiative has been a combat to the perception that the market had about the bank. The colour (purple) that the brand sports, differentiates itself from the blue and red colour palette in the market place. Meanwhile, Dhanlaxmi Bank has recently launched its signature branch at Prabhadevi in Mumbai. The branch has a new bright contemporary design. The customer journey in the branch gives an experience of openness to the consumers. Every message in the branch talk to the consumer, listen to their story and give them a solution. In fact, now we have decided to use the same design, look and feel in all the new branches that will be added to the existing network.

B&E: Over the past year or so the bank has become really aggressive in increasing its customer base. What are your plans to support the cause?
SM:
In the past 18 months the effort has been to build the brand imagery. Various on-ground initiatives have been taken for the same. To take the bank from one region, where it is a household name to the other parts of the country, where it is almost unknown – the challenges are multiple and varied. On one hand the task is to re-assure the customers that while the brand has changed, the core remains unchanged; on the other hand the objective is to create awareness about the brand and get consumers to the bank. So, various micro-marketing initiatives have been rolled out for the 275 branches across 16 states. Every branch has been given a calendar of events to be implemented. The effort is to link the marketing initiative to generate leads and get a better return on every rupee spent. In its 83-year history, the bank has started implementing marketing initiatives only during the past 18 months. The marketing strategy for every region varies as per the business objective. On a larger scale there will be a national advertising campaign.

B&E: You are currently expanding in a jiffy. How are you ensuring your brand visibility in those parts of the country where the bank has just arrived?
SM:
We are investing aggressively for the on-ground activation programs in catchment area of our 275 branches and educate consumers on the new brand, products and services that the bank has to offer. The 100 plus new branches that we will launch in the next financial year will be as per the new look and feel. All the branches that we re-furbish will also be as per the new branch design.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles

Wednesday, March 06, 2013

Taliban was not only willing to hand over Bin Laden to the US

Documents suggest that in the years leading to 9/11, Taliban was not only willing to hand over Bin Laden to the US but also warned the latter of an impending terrorist attack

For example, an ISI official told visiting US Congressmen that “Pakistan will always support the Taliban”. This “policy cannot change”, he continued, because “it would prompt rebellion across the Northwest Frontier Provinces, the Federally Administered Tribal Areas, and indeed on both sides of the Pashtun-dominated Pak-Afghan border.”

It is now common knowledge that the US had been asking the Taliban to hand over Laden since 1999. These discussions stopped only a week before the 9/11 attack. However, the US was so adamant on its stand that Laden be tried by the Department of Justice— and not in a third country as Taliban suggested— that Taliban refused to hand him over. Officials described it as a missed opportunity. The former CIA station chief Milt Bearden said, “We never heard what they were trying to say. We had no common language. Ours was, ‘Give up bin Laden.’ They were saying, ‘Do something to help us give him up’.” Bearden added, “I have no doubts Taliban wanted to get rid of him. He was a pain in the neck but this never clickedwith us”. The US thought it was “unreasonable” on Taliban’s part to ask for evidence indicting Laden. Taliban, on its part, even cautioned the US that Laden was planning a big attack on American soil. In fact, former Taliban foreign minister Wakil Ahmad Muttawakil maintained that his repeated warnings, delivered because of apprehensions that the US would respond by waging war against Afghanistan, had been dismissed. US officials admitted to this fact but said that warnings were dismissed because they were “hearing a lot of that kind of stuff”.

Declining the Taliban’s offer to have Laden handed over shows that the US rather followed the policy of regime change well before the 9/11 happened. India was considered to have joined Russia, the USA and Iran in a conjunct front against Taliban, which enclosed aid for Northern Alliance, including “information and logistic support” from Washington. Former Pakistani Foreign Secretary Niaz Naik claimed that he had been informed by senior US officials as early as in July 2001 that military action would be taken against the Taliban by the middle of October. Readies had already been coordinated with Tajikistan, Uzbekistan, and Russia. Naik also said that “it was doubtful that Washington would drop its plan even if Bin Laden were to be surrendered immediately by the Taliban.”


Source : IIPM Editorial, 2012.
An Initiative of IIPMMalay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles