Lack of sanitation kills millions

In Peru for example, there was a reduction in the cases of diarrhea by 50% when it had a pit latrine and by 70% when the household had a flush toilet. The reason for this being that it helps in breaking the chain of faecal-oral transmission which is one of the prime reasons for majority of the public health problems.

The report clearly indicts the distorted priority of nations. It is high time that some of the global spending on pseudo development & the resultant propaganda is used for meaningful social development, which would restore lives and livelihood of not just some privileged thousands, but also millions others.

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An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative

Ghanshyam Das – or “G.D.”

Born on April 10, 1894, Ghanshyam Das – or “G.D.” – Birla’s family hailed from Pilani, Rajasthan. With a dream of expanding the family’s cotton trading business to jute production, he set up a plant in Bengal. G. D. Birla had a firm resolve to shatter the monopoly that British businessmen held in India. Even with the British trying to gain control of Indian industries, he sought out measures to make his business a stronghold, and one that is immune to failures.

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“Vote and Vaccinate”

If you have a five-year old at home, then you know how effective freebies are in selling a product. A packet of cornflakes assumes a whole new meaning if it comes with a free Spiderman projector. If free gifts attract a 5-year old, then they even attract a twenty five or a fifty-year old. So, in Florida, all those who voted, got free vaccination (which otherwise cost $25) against flu. “Vote and Vaccinate” worked quiet well. In Colorado, voters were given free rides from their homes to the polling booths in a limousine (A strech-limo rents at $500 a day!). If that were not enough, then in Arizona, Mark Osterloh had an irresistible trick to lure voters into polling booths. He offered a $1 million lottery. One lucky voter could change his fortunes!

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Godrej Consumer Products Limited (GCPL)

Cinthol, Fairglow, Allcare, Ezee and Nikhar. The company achieved a remarkable net profit of Rs. 1.2 billion for the year 2005- 2006. This year the company acquired the South African FMCG giant Rapidol, U.K. as well as its subsidiary Rapidol International. This acquisition provides the company an opportunity to boost its global presence.

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St. Petersburg is also a swirling vortex of sensual vistas waiting to be discovered

Immersed as it is in the imperious luxuries of the imperial past, St. Petersburg is also a swirling vortex of sensual vistas waiting to be discovered. The crumbling shabbiness of this paradoxical paradise is best epitomized by the Hermitage, a museum to rival the greatest of museums. The compilation of art works housed in the seat of power of the Romanov dynasty makes for a subliminal experience best taken in over the course of multiple visits; such is the variety and beauty underpinned in this house of wonders.

Few relics are as much an ode to Europe as the simply named Summer Garden, St. Petersburg’s granddaddy of a park.

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RESILIENT ECONOMY

Turkey’s dynamic economy is a cautious blend of public and private participation, as from public controlled economy it has slowly shift ed into more private participated one. The country registered a GDP growth rate of 5% in 2006, reaching $361 billion in 2005, and is expected to continue the same trend in 2007 as well (as per IMF projections). Although, in the year 2005, agriculture contributed 12% and industries 30% to GDP, it was the services sector, especially tourism (that recorded revenues of over $18 billion), which not only contributed 58% to GDP, but also improved the countries’ competitiveness index. Turkey, at present, has become 59th most competitive economy in the world as per IMF’s Global Competitiveness Index 2006. Clearly, a marked jump from its 71st rank in 2005. As Jose Angel Gurria, Secretary- General, OECD says while unveiling Economic Outlook on Turkey on October 16 this year, “Among the OECD members, Turkey’s economy had performed the best in the past few years, after its economic crises.”

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Execution and governance determine whether companies in emerging markets can realize their potential

The manner in which emerging-market companies achieve good governance varies greatly. Countries put different weights on the extent to which a governance system should protect the shareholders, employees and other constituents. The laws regarding corporate governance differ across nations, with greater similarities among those economies that share economic links such as trading connections. Governance practices vary even more. However, only companies that zealously protect the interests of shareholders and employees and ensure that both are able to receive competitive returns on investment, eventually become emerging giants.

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‘Knowledge Grid’

BPO is another area where both the countries are now trying to come in closer ties with each other. Low cost advantage of Philippines and high skill exception of India can open untapped opportunities of each of the country. No wonder, Indian BPO majors like Hewitt Associates, ICICI OneSource, Transworks Information Services Ltd, and Perot Systems have setup significant operations in Philippines. President A. P. J. Abdul Kalam at a Nasscom conference in February this year proposed a ‘Knowledge Grid’ between India, Philippines, Singapore & Korea to make ICT and IT based sectors tap $200 billion by the year 2010. He even advocated the eight point road map to raise Indo-Filipino trade rise to $2 billion in next three years. Surely, years to come will see the bilateral trade touching new heights. The Indian businesses must certainly not miss this opportunity to ride on the Filipino jeepney and be a party in its success carnival.

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Despite Bush’s claims, US investments in education have been grossly misdirectedThe report also states that there are other member nations, whose expe

The report also states that there are other member nations, whose expenditure on education has been way below OECD averages, yet their ‘accomplishments’ (read ‘performances’) in Programme for International Students (PISA – which tests 15 year old students on reading, mathematics and science), has been very good. For the same program, the ‘accomplishments’ of American students had been clearly ‘below average’. This group of statistics gives a poignant rebuttal to the exactitude of President Bush’s ‘most significant accomplishment’ statement and sadly, also clarifies the fact that the amount of investment in the US has not had a respective bearing on educational output.

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TCS has been a tremendous success during the last three financial years

In terms of building up market value, TCS has been a tremendous success during the last three financial years. Its market cap has burgeoned from zero, as on March 31, 2004 (as it was not listed) to a whopping Rs.936.59 billion by March 31, 2006. It ranks as the fifth most valuable company in India. Bharti Airtel and ITC are two other names, which have added almost Rs.400 billion each to their value during FY05-06.

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Companies can’t afford to neglect the economy segment

Those who believed that the industry is moving towards the executive & premium segment, and that the economy segment is losing its shine, need to necessarily shift to euro 10 norms, pretty fast! Kalpesh Parekh, AVP, Equity Research, rejoins, “Companies can’t afford to neglect the economy segment. They need to have a dual model strategy. They should work on the economy segment for rural India and executive, premium segment bikes for the urban India.” Furthermore, in this rolling fiscal, Indian two wheeler space, especially the urban markets, will be driven by a technology revolution. Not counting the new bike launches, which occur faster than how ‘KK’ serials change on Rupert Murdoch’s cable channels. Evidently, two-wheeler gods & kings will be battling for the technological edge, even in the new launches. Hero Honda has already launched a fuel-injection model with 125-cc Glamour F1.

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We’re choking on the emissions!

The sunny state of California isn’t feeling particularly kind these days. The state has announced that it is going to sue six US and Japanese automakers (it’s a first of its kind legal battle in the US). And why? Because these six were contributing to global warming, that’s why. The offending parties are: Chrysler Motors Corporation (an arm of the Germany-based DaimlerChrysler); General Motors Corporation; Ford Motor Company; and the North American subsidiaries of Japanese carmakers Honda Motor, Nissan Motor and Toyota Motor.

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British Airways -“free flowing salt”

British Airways did try to take them to court, but the judge concluded that the average consumer would not see the price comparison as misleading, and in substance the advertisement was true! So not only did Ryanair win the case, they won a lot of customers too. When Captain Cook first launched its salt in India, it made an extremely loud reference to Tata Salt by showing a package that looked exactly like the Tata product. The ad showed how Captain Cook was better than the competitor’s salt because it was the only “free flowing salt.” This was an attribute that Tata Salt lacked, and Captain Cook made its mark in the marketplace by highlighting this aspect.

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Non-life insurance companies are expected to shell out as much as Rs 500 crores for the losses in Surat.

Non-life insurance companies are expected to shell out as much as Rs 500 crores for the losses in Surat. Insurance companies are trying their best to have everything in place in order to deal with the situation in a better way. IFFCO TOKIO a leading insurance firm had this to say about the Surat floods: “We have a dedicated claims team and a devoted customer service centre in Vadodra, which is backed by robust IT infrastructure that is strong enough to handle large volumes of documents. All IFFCO branches and distributors being networked, enables a detailed, accurate and speedy settlement of claims, helping IFFCO achieve above 90% claim settlement ratio on an average.”

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Picture perfect….

“Life is a great big canvas, and you should throw all the paint you can on it,” said the late Danny Kaye, one of America’s leading comedians. The masterminds behind the Asian Paints commercials seems to have taken his words to heart. Asian Paints, the country’s Numero Uno player in the paints market, has always been able to forge an emotional connect with the audience at large right from the days when the adorable Gattu served as their mascot to the more recent “Har Rang Kuch Kehta hai” campaign.

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Israel would gain much by talking to its enemy

America and Israel must drop their refusal to talk to Syria. Indeed, the time is ripe to offer assurances to the isolated Syrian regime that blocking Hezbollah’s rearmament, stopping Islamist fighters’ passage into Iraq, and improving the country’s appalling human rights record would bring valuable diplomatic and economic benefits, including a strengthened association agreement with the EU.

Israel would gain much by talking to its enemy. Conscious of its vulnerability to rocket attacks, Israel understands that it needs a defensible state, which is safe from external aggression. Removing Syria as a threat will be a key element in achieving this strategic objective.

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“Baluchistan has been ignored for 50 years.”

Also, while the per capita income of Pakistan is $846, the corresponding income of an average Baluch is lower due to poverty, illiteracy and lack of a proper administration. Many areas in the province are still ruled by self-styled tribal chieftains – a fact admitted by Musharraf.Addressing a public meeting in Muree recently, he squelched, “Baluchistan has been ignored for 50 years.” He sought toabsolve himself by citing the short duration of his 7-year-rule and blaming the misrule of Baluch chieftains.

These disputes seem to have come alive with the ghost of Bugti. Trouble hasn’t ceased days after the killing and the heat is on Musharraf. Pakistan is on the defensive, in itself unplanned. Either Musharraf could get stronger, or he could wither away. Those who live by the bullet...

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Delayed justice adds further cost

Just when a lawsuit that had been lingering for the past nine years approached settlement, it encountered fresh opposition. Television broadcaster EchoStar Communications Corp. was caught in a dispute of programming with its associates ABC, NBC and CBS stations. The media partner had agreed to pay $100 million to resolve the looming dispute, but resistance by a group of Fox Network stations has staggered the process. EchoStar was found guilty of violating payments pertaining to the programming of local sports that the channel airs to several subscribers. The court ruling could ask EchoStar to discontinue serving about 800,000 subscribers, which in turn implies much lower revenues for EchoStar.

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Venezuelan exports can be expected to head further north

The revenue earned through sale and usage of oil is being used to grow industries like food processing and manufacturing of construction materials, textiles, chemicals and automobiles. Of late, these industries are turning into booming sectors for the country. With Latin American economies going strong, Venezuela, which is the strongest economy of South America, is definitely expected to grow and diversify. On the exports front, Venezuela is the largest foreign exporter of oil to the US, besides having other trading partners like Germany, Japan & Netherlands. While petroleum, aluminium, steel, chemical products, iron ore, plastics, cement & paper products are major export items, machinery & transport equipment, manufactured goods and construction materials are major items of import. Being a partner in Mercusor (trading bloc of Latin America), Venezuelan exports can be expected to head further north.

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• Story About IIPM-The Indian Institute of Planning and Management

Douglas Engelbart

There are few men who are known for their technological proficiency and there are others who are known for their futuristic vision. But there are very few people like Douglas Engelbart, who are known for both. He is the man who revolutionised the computer industry by augmenting human intellect, and in the process, became the inventor of the pointing device of rodent likeness – the mouse. He was a man who talked about using the computers for online conferencing way back in 1960s; and though it is ubiquitous now, it was unfathomable then. His unfailing love for technology not only led to the invention of mouse, but also made him the inventor of hypermedia, groupware, cross fi le editing, outline processing and display editing amongst many others.

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Jet’s costs look to be spiraling out of control

Moreover, Jet’s costs look to be spiraling out of control. To control the negative externalities, it should have operated aircraft s from the same stable (instead of using ATRs, Boeing 737s and Airbus 330s & 340s), which would help reduce operating costs. Hence, it should now focus on roping in ‘common-family’ aircraft s and leasing or selling out the rest.

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Expansions and new launches galore...

So what was needed was an increase in marketing efforts and the company seems to be doing just that. As Hemendra Mathur, Associate Director, Rabo India Finance, thumps optimistically, “Food companies like Britannia will acquire unorganized companies to expand in newer potential areas.” So, if Britannia’s buying a 50% stake in the Bangalore- based Daily Bread came as a surprise to any, it can all be attributed o its vigorous inorganic expansion strategy. But equally vital is t h e strengthening of its product portfolio. Reasons, Samarjit Singh, Managing Director of Candid Marketing, “In case of low involvement products like FMCG, variety makes it easier to capture the market.” As if paying heed to this reasoning, Britannia is now undertaking a lot of new launches (like Marie Gold Double with new flavour, pop-able pouch-biscuits, rusks, cup cakes, et al) and innovative repackaging.

Certainly, this baker knows what novelty and expansion means to his business!

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FIESTA’S TICKET TO RIDE

The feisty Fiesta is taking Ford places. Now, Ford India expects around 100 per cent jump in sales this year, and powered by its success the auto company says that it will launch a CNG engineered Ikon by September this year. Fiesta was launched in November last year, and around 25,000 units were sold last year; this year, the company has crossed that number by June itself. Going by that, it is felt that 2006 will end with a near 100 per cent growth in year-onyear sales. The company said average monthly sales of the ‘Fiesta’ were around 2,500-3,000 units. Recently, Ford introduced a new version of its model ‘Fusion’ and slashed its price by Rs. 60,000 to Rs. 5.69 lakh (ex-showroom Delhi). Not bad going, so what if in the US sales are taking a hit! Yet again, India is showing the way on the auto highway.

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Been there, done that? Oh, it’s probably déjà vu!

What is it that one experiences oft en but fails to describe in written or vocal equivalence in any language other than French? And that too owes itself to the efforts of the French philosopher and promoter of Esperanto (the most widely spoken constructed international language), Émile Boirac for having christened this delusion, in his book L’Avenir des sciences psychiques in 1917. It was the first instance when attention was drawn to this affair between the physical and metaphysical – déjà vu, a mysterious sensation of having experienced something previously but not being able to summon up the precise time and place of its occurrence!

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam chaudhuri

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ENGINEERED INNOVATION

In a study conducted by Nasscom and Booz Allen Hamilton, it has been pointed out that a $40 billion opportunity from the off-shoring of engineering services is awaiting Indian IT industry by 2020. Global spending on engineering services is expected to increase from $750 billion in 2004 to $1.1. trillion in the next fourteen years. According to B. Ramalinga Raju, “All important stakeholders including government, academic institutions and service providers will need to undertake a series of important measures.” Companies must develop on the “engineered in India” brand, make investments in infrastructure, workforce & expertise. Satyam is placed at ease with over 100 off-shore development centres in over 53 countries and across 6 continents. A total of 6% of its revenues come from the engineering services. Satyam now aims to significantly ramp up its headcount in China, where the company sees tremendous scope for growth in the engineering services arena.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam chaudhuri

Jerking perks raising eyebrows

UK’s departmental store chain, Debenhams has earned itself a controversy. The store is planning to close its final salary pension scheme to existing as well as new members. Prior to this, there have been only three other companies in UK to have walked the same track. The argument presented by Debenhams is that the scheme proves expensive to the company. The union has already locked its horns with the company on the issue. The first two companies to initiate such a plan in UK were Rentokil and Harrods. The two had also amassed criticism for their stand.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

This would result in the diminishing of overall ratings quality

Thus, blindly allowing inexperienced and incompetent credit rating agencies to operate would consequently lead to myriads of cases of defunct ratings in the future. Chris Atkins, Vice President, Corporate Communications, S&P, bemoans, “This would result in the diminishing of overall ratings quality, as the process will not ensure that these agencies are sufficiently qualified to perform up to market demand.” Atkins further comments, “The bill would enable the SEC to exert undue influence in the ratings process, leading to a potential chilling effect on ratings.”

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

Crisis leadership – not for the chicken-hearted

If the flu becomes a plague, employees must be assured that no organizational function is as important as their well-being. A pandemic would be an economic disaster, but it would also be an opportunity for organizations to repair the perception (often sadly true) that institutions no longer care about individual members. In the workplace, loyalty is increasingly seen as a fool’s game. But in the emotionally charged atmosphere of a pandemic, business as usual won’t be possible.


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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

The death trap!

In the same duration, tuition fees in private universities have accentuated by a massive 60%. The US Census Bureau states that homes are out of reach for more & more people on account of expanding real estate prices and mortgage rates. According to the bureau, the median weekly earnings have fallen by 0.9% over the past five years and unemployment is at 4.7%. Nearly one in five of the unemployed have been out of work for more than 26 weeks (Not surprisingly, the Merrill Lynch Misery Index confirms the US to be in its worst position since 1995). As a net effect of all this, and the compulsive spenders that Americans are, the savings rate today stands as negative as it was 70 years back during the Great Depression.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri



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Banks to lose on interest income

With the Reserve Bank of India (Amendment) Bill, 2006 coming into force, scheduled banks will not be entitled to interest on Cash Reserve Ratio (CRR) balances above the statutory minimum of 3% and up to the prescribed level of 5%. Consequently, the statutory minimum CRR of 3% has also been abolished. While RBI’s move will hit bank’s interest income, at the same time it will discourage banks to keep excess funds with RBI, thereby, leaving more funds with the banks for lending purpose. RBI has also constituted an internal technical group to review the system & draw out a medium term roadmap for CRR.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri


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“We plan to raise production to 100,000 units by 2010, investing Rs.4 billion”

In fact, Honda is unable to meet even its current demand in time. While other firms are romping up production to meet unprecedented surge in sales, Honda still struggles to reduce delivery time lapses. Anita Sharma, Corporate Communications, Honda, refutes, “We plan to raise production to 100,000 units by 2010, investing Rs.4 billion.” Concurs global head Takeo Fukui, “We’ll also expand production capacity to meet rising demand.” But by 2010, the birds would have fl own the nest Mr. Fukui!

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri


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Bitten by Seabiscuit-itus!

Putting down my binoculars, my eyes gazed past the person with the pipe towards an elderly looking gentleman with a walking stick who had just voiced this profound thought. There were about thirty thousand people in the grandstand, ten thousand or so crammed into the infield and a couple of thousand more perched upon trees and telephone poles. It was a race between two horses, which had managed to breathe new life into the multitude pummelled and cowed by the severity of their own fates. “It’s a pity Pollard was thrown off that horse… Georgie Woolf ’s good, but Pollard really ought to have been here today,” said the first gentleman slowly smoking his pipe.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

EUROPE’S EURO

Currency of twelve European Union members, the euro was first introduced in 1999 and was launched in 2002. It was introduced under the provisions of Mastrich treaty and was aimed at bringing in more currency competitiveness. Major European nations like France, Germany and Netherlands are party to it and besides developing a union in Europe, euro has also emerged as a strong currency against the US dollar. Even after many conflicts between the euro zone nations, the euro still stands tall with a pride.

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Source:- IIPM Editorial, 2006

West Bengal moving Left or Right?

The post poll exit survey conducted by the B&E team clearly shows that the pre-poll results show the extent of scientific rigging in earlier polls. Take three constituencies: Salboni, Garbeta (East) and Garbeta (West) in Jhargram. The Left had polled more than 90% votes in virtually all booths in the three constituencies. During these elections, post poll exit surveys indicate something else. In Salboni, the Left has got 42% of the votes, while the Trinamool has got 46%. In Garbeta (East), the Left gets 45%, while Trinamool gets 42%. And, in Garbeta (West), the Left is a clear winner with 49%, while the Trinamool gets 39%. These results are for the first phase of the polls.

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Source:- IIPM Editorial, 2006

MS must consolidate investments for sure leadership

Microsoft continues its skirmishes with EU’s Intellectual Property Rights buddies over alleged abuse of its market leader position. Comparatively, India, as such, is a virgin domain. Its PC penetration is increasing, and the market is booming. For Bill, this is the best scenario to grab the user before the next wave of anti-trust cases from competitors come forth.

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Source:- IIPM Editorial, 2006

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Nintendo’s gaming sensation!

After the gaming giants have thronged the markets with their power packed Xbox and PlayStation series, it is now time for Nintendo to launch its compact gaming console ‘Revolution’ to attract the next-gen gamers. With a thickness of 1.5 to 2 inches (4 to 5 cm), its sleek new design makes it more convenient and handy. Besides, its backward compatibility with the Gamecubes (where one can use the memory cards and game controllers), is another winning differentiating feature. Gaming geeks will have to wait a while to get their eager hands on the new console as Nintendo has been evasive with a release date. Get hooked…

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Source:- IIPM Editorial, 2006

What’s alarming here .......

What’s alarming here is the existence of companies like United India Assurance, which despite your entitlement to some health insurance benefits will make you poke a hole into your pocket and shell out some cash just incase you want to survive the emergency. Add to that the principal amount payment, timely premium deposits and the opportunity costs involved; while your money gets locked up in their coffers for donkey years? This came to light during the VOICE study as the surveyed customers complained of dishonouring of policy by TPAs. Cholamandalam had received similar criticisms from their customers as well.

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Source:- IIPM Editorial, 2006

Musharraf coming out openly in support of Jihadis like Jamaatud- Dawa - IIPM News

A protest lodged by the US Ambassador to Pakistan, Ryan Crocker, fell on deaf ears with Musharraf coming out openly in support of Jihadis like Jamaatud- Dawa. These groups carry on their own personal propaganda filling the minds of Kashmiris who have seen relentless wars for decades. Even the moneys under Earthquake Reconstruction and Rehabilitation Authority (ERRA) was placed under the army, and consequently under the terrorist outfits, despite the urgent necessity for civilian leadership and transparent fund usage.

It is truly depressing that a catastrophe relief effort is used to provide employment and funds to mercenaries, who would otherwise be productively disengaged. There should be a concerted effort on the part of the international community to crack down on such precarious intentions that intimidate the very existence of global peace.

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Source:- IIPM Editorial, 2006

Musharraf coming out openly in support of Jihadis like Jamaatud- Dawa - IIPM News

A protest lodged by the US Ambassador to Pakistan, Ryan Crocker, fell on deaf ears with Musharraf coming out openly in support of Jihadis like Jamaatud- Dawa. These groups carry on their own personal propaganda filling the minds of Kashmiris who have seen relentless wars for decades. Even the moneys under Earthquake Reconstruction and Rehabilitation Authority (ERRA) was placed under the army, and consequently under the terrorist outfits, despite the urgent necessity for civilian leadership and transparent fund usage.

It is truly depressing that a catastrophe relief effort is used to provide employment and funds to mercenaries, who would otherwise be productively disengaged. There should be a concerted effort on the part of the international community to crack down on such precarious intentions that intimidate the very existence of global peace.

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Source:- IIPM Editorial, 2006

Smart small car division – a part of the Mercedes group - IIPM News

Now, Zetsche needs to focus more on getting his core Mercedes and Chrysler Groups in order; and he has to clearly make some crucial decisions after taking control of the fifth largest car maker in the world. The most important of which seems to be on the Smart small car division – a part of the Mercedes group – that Zetsche plans to introduce in the US market.

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Source:- IIPM Editorial, 2006

Publication and Research, IIPM

First, its government and its people are ardently pro-business. They believe in capitalism, and every aspect of the political system bolsters that belief. Taxes, while significant, are not onerous. Calls for protectionist measures are beaten down in favor of free trade initiatives. Second, the US culture celebrates entrepreneurs.

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Source:- IIPM Editorial, 2006

Foreign giants - IIPM Publication

But essentially, FDI in retail was never about the above brands, but about global multi-product retailers like Wal-Mart, Tesco, Albertsons and others; and the current move of the government in no way allows these mega-brands to enter India. According to S. V. Phene, VP, Corporate Planning, Westside, “Indian retailers are incomparable to foreign giants and don’t even stand a slight chance.”

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Source:- IIPM Editorial

Impoverished Villages Need Financial Help (IIPM Publication)

Impoverished villages need financial help to buy vital inputs for farming and to invest in basic infrastructure such as roads and electrification. Instead, donor governments and the World Bank have insisted for years that impoverished countries cut financing to these villages, under the guise of promoting “macroeconomic stability” – a polite way of demanding debt repayment – and reflecting the ideological delusion that the private sector will step in.

Source:- IIPM Editorial

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Korea’s special Economic Zones - IIPM Press

The government of Korea has established special economic zones near the ports of Busan, Gwangyang and the Incheon International Airport. Citigroup acquired KorAm Bank in a deal worth $2.7 billion in 2004. Intel, IBM and HP have opened R&D centres in Seoul showing their interest in the fast-growing Korean information technology sector.

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Source:- IIPM Editorial, 2006

Political gamesmanship over India’s reservations policy could cast a shadow over India’s ambitions of emerg¬ing as a global economic power in the 21st

The Policy of Affirmative Action differs from its Indian reservation initiative on two counts: The first is that it doesn’t limit its scope to imposing statutory obligation to reserve seats or posts for member of minority community. And second is that unlike our inflexible reservation laws, there is a scope of review of its application on a case to case basis.

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Source:- IIPM Editorial, 2006

Publication and Research, IIPM

Whatever the outcome of these legal battles, there is little doubt the FBT is a hugely unpopular move by the government. To recap some of the details: medical expense reimbursements enjoyed by employees will be taxable; Leave Travel Allowances will be taxable; telephone calls made from an employee’s residence will be taxable; education allowances for children will be taxable and entertainment expenses borne by companies and individuals for promoting business will be taxable.

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Source- IIPM Editorial, 2006

Publication and Research, IIPM

They derived monopolistic statures from the Indian government’s protectionist policies, which made them conglomerates more by chance; until of course, liberalization brought in the competition much required by the Indian economy. Dismantling of old legacies and burdens has since become an unavoidable imperative for these companies as well. Professor Tom Kirschmire, London School of Economics, has tremendous faith in the Indian model of growth, more so than in China; but feels that the "conglomerate structures themselves result in capital getting blocked."

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Source:- IIPM Editorial, 2006

Publication and Research, IIPM

Why is it worth digging up this history now? Because the twin sparks that ignited Qutb’s world changing rage are currently being doused with gasoline: Arab and Muslim bodies are being debased in torture chambers around the world, and their deaths are being discounted in simultaneous colonial wars, at the same time that graphic digital evidence of these losses and humiliations is available toanyone with a computer.

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Source:- IIPM Editorial, 2006

Publication and Research, IIPM

Consistently indulging in diets delightfully high in fat, together with liberal intakes of red meat, takes you a lot more than just one step closer towards developing cancer, gout, gallstones, raised blood fat levels, deficiencies and kidney disease.

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Source:- IIPM Editorial, 2006

Neglecting other killer diseases (Publication and Research, IIPM)

Whether it is Bill Gates and Richard Gere or Shabana Azmi and Nafisa Ali, everybody seems to be worried about the grave danger that the killer disease AIDS is posing to India. Some wild estimates even predict that more than 10 million Indians will be killed by AIDS every year after 2010, and that it will devastate the Indian economy, since most of the victims will be from the working age group contributing to India’s growth. No doubt, AIDS is a menace and needs to be tackled. But this obsession with AIDS neglects traditional killers like T.B, malaria and diarrhoea. Just a look at some numbers will clearly reveal the bias of the chattering classes towards AIDS.

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Source:- IIPM Editorial, 2006

Well informed readers are flummoxed by the contours of the power crisis (IIPM Publication)

Even well informed readers are often flummoxed by the contours of the power crisis because of the complexity of its genesis and the sheer number of institutions involved in the whole mess. There are the State Electricity Boards (SEBs) that have run up accumulated losses that exceed Rs 500 billion. There are the limited number of private generators of power like the Tatas. Then there are Central PSUs like NTPC - the largest power producer. There is Power Grid Corporation; there is the Power Finance Corporation and there is the Central Electricity Authority (CEA). Then, there are private distributors of power like CESC, Reliance Energy and Tata Power. Finally, there are the state and Central power regulatory commissions who have been known so far for their sins of omission than anything else.

Source:- IIPM Editorial

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Coyright:- IIPM 2006