Monday, December 22, 2008

Of the Land, for the Land

Even as the government of Assam stands accused of bending over backwards to accommodate the interests of illegal Bangladeshi migrants, Meghalaya and Arunachal Pradesh in the northeast are standing up against the influx, which has come to threaten the very existence of the indigenous communities in this region. The two states have fallen back on every available legal provision to throw out illegals.

Setting a precedent – as opposed to the one set by Delhi Chief Minister Sheila Dixit, who said all Bangladeshis would be treated as guests in Delhi – Meghalaya has, especially after the serial blasts in Assam in October, decided to go on the offensive against the illegal migrants.

In November alone, Meghalaya pushed out more than 250 suspected Bangladeshis from its capital Shillong. Chief Minister Donkupar Roy did not mince words: “I have asked the district administration to push out not just Bangladeshis but also others who enter the state without proper identification papers,” he told the press. “Security concerns must not be limited to Assam alone but to the entire region,” he said, referring to the blasts that had left close to a hundred people dead, while injuring hundreds of others, in Assam on October 30.

States in the northeast, the worst affected by the Bangladeshi problem, have often shown varying and sharply contrasting responses to the migrants problem. The Assam blasts had been claimed by the Islamic Security Force (Indian Mujahideen), which is believed to have among its ranks illegal Bangladeshis from the northeast. Strangely, Assam’s Congress government has for weeks now, been in the dock, blamed for trying to place the blame on militant groups like National Democratic Front of Bodoland (NDFB) and the United Liberation Front of Asom (ULFA), to avoid displeasing its alleged Bangladeshi votebank in the state.....Continue

Thursday, December 18, 2008

Cosmetic changes

Fairness has always been a treasured asset, right from ancient times. In olden days, studies have discovered, women applied cream made from animal fat, starch and tin oxide. While the animal fat came from animal carcasses, the starch was obtained by boiling roots or grains in water and tin oxide came from heating the metal. This created a smooth, powdery texture which lightened the skin. While animal fat and tin oxide aren’t in use anymore, starch is still used in a number of cosmetics even today.....Continue

Saturday, December 13, 2008

Astro-psephology: who will win? Sunita Chabra

Sonia likely PM, BJP to lose states

With Saturn and Uranus conflicting, there will be a complete overhaul. Obama won under the same situation and the same astrological coincidence is possible for Sonia Gandhi who can have the same ‘Audacity and dreams’. Last time she was rejected but this time she will ride public opinion. In BJP, Advani’ s chart is very weak so he is not forming the government. It is not a complete win for any party. Manmohan Singh’s chart is very strong and they have the chances of coming back, but it is clear that there will again be a coalition at the Centre. And sorry, Mayawati is no way India’s next PM. She may gain a better position but will merely play spoil sport.

Chhattisgarh: Raman Singh beware: Congress is coming back. Your sadey saati and backstabbing by party colleagues is going to do you in. In fact, your own party people want to see you in the wilderness and not the secretariat, so that is that! Delhi – Shiela Dixit (31st March 1938) v/s Vijay Kumar Malhotra (3rd dec 1931) Delhi: It will be a very, very close tie and stars won’t make it easy for Shiela Dixit to win this time. Her chances are higher, but it will not be a clean sweep. VK Malhotrs might win his own seat but not the CM’s seat!

Rajasthan: With Sun and Saturn at war in chart, Vasundhara Raje may not form a government. Congress will come to power but Ashok Gehlot’s chart doesn’t show him as Rajasthan’s next CM. Jammu & Kashmir: Bad situation: Even if some party wins, planetary positions posit president’s rule in the state. Ghulam Nabi Azad won’t win, for sure, but even if Mehbooba Mufti does, she won’t last a full term. And Farooq Abdullah faces life threats....Continue

Thursday, December 11, 2008

You want to live to be 150, isn’t it? Why? What would you do at 150…

Dr Kakoo had seen one of his aunts, a lovely loving lady, a kind pious soul, live long into her 90s. And he had seen the loneliness of her last decade which was spent mourning the loss of many who ought to have waited for her, but couldn’t… Whenever I met her, I was touched by the warmth and affection that seemed to cascade from her being, but what struck me most was the aura of quiet fortitude that seemed to envelop her. And in that sense Dr Kakoo is right. Longevity can be as much of a curse, as it is a boon. “ I don’t want to see what my aunt had to…”, he said, “And I don’t want to become a disfigured and worthless lump that is kept alive as a relic (a dynamic and successful intellectual, Kakoo has too much pride to allow himself to be reduced to that). I wish we could invent a tablet which once ingested, will ensure good health for the next decade or two and then on a random preset date (unknown to the individual), burst while asleep and euthanise us painlessly…”

‘You don’t need a tablet and you don’t need a preset date,’ I said. ‘Kakoo, don’t you think one could possibly be happy and healthy well into one’s ninth and tenth decade too? All the stuff I do is not so that I may live long, but so that no matter how long I live, I live healthy…’ Kakoo seemed willing to consider, and finding the iron hot, I told him what Kenshin, a Japanese tourist I’d met last year in Bharatpur, told me about a magical island between

Japan and China where he’d spent his early years – an island called Okinawa. In the north of this island, on the beach stands a monument that declares to the four winds and the waves the ethos of its people – “At 70, we are mere children and still young at 80; if at 90, the ancestors beckon heavenwards, ask them to wait… for we might consider proceeding only after 100” – an ethos that every Okinawan strives to emulate, for the people here live longer, healthier lives than anywhere on earth. Their average life expectancy is well into the 80s (while India’s hovers around 60 and the United States’ in the mid 70s). More significantly, Okinawans suffer greatly reduced incidences of cancer and coronary heart disease. What fascinated me was Kenshin’s account of a number of nonagenarians and centenarians, both men and woman, who not only live healthy, but in fact, active and vigorous lives… gardening, hiking, swimming and fishing…...Continue

Friday, December 05, 2008

WEST BENGAL : LAW & ORDER

On October 31, CPI(M) leader Indrajit Mura was found murdered by Maoists for being a "police sleuth". Police went to Mura’s house to recover his body, but left important documents at Mura’s neighbour’s house. When these neighbours called the police to take back these papers, they were so scared they never went to recover these. Conceitedly, Raj Kanojia, IG (Law and Order), refused to call it a 'lapse' on the part of police.

Another such failure happened at Singur where a large contingent of police and RAF remained mute spectators to "Nano Bachao Committee" (NBC) rampage. An outfit under CPI(M) zonal committee secretary Amar Chanda, NBC toughs beat up senior journalists Himangshu Haldar and Barun Dasgupta. Though they were put in an ambulance, CPI(M) cadre tried to set it on fire.

Says CPI MP Prabodh Panda, "Police must be more duty-bound." Congress MLA from Medinipur, Dr Manas Bhunia, an MLA from the same district, squarely blames the administration. And Trinamool Congress MLA Sovandeb Chattopadhyay ridiculed the state administration as "a pack of slave workers of CPI(M)".....Continue


Monday, December 01, 2008

Voters hide, rebels decide?

IIPM Publications
With people in the Valley turning anti-election, and rebels dogging all the parties, it seems independent MLAs will play the key role in deciding who takes the treasury benches in this state. People are consciously keeping away from election rallies, indicating the voting likely pattern. Among the first phase constituencies, there is no visibility of an election campaign. Last week, people tore off banners and posters of political parties. It seems mainstream political parties in Kashmir can only hope for a miracle to drive voters to the polling stations.

The political landscape in the state dramatically altered after the Amarnath land controversy. Many consider the situation in the Valley similar to that of the early 90s. However, this time separatists are carrying the sentiments of people in the Valley. On the other hand, Jammu has slipped from the hands of mainstream political parties, with people raging against ‘discrimination in the hands of Kashmiri rulers’.

But the most notable aspect of the polls this time is that with the parties’ decision to field only ‘winning’ candidates, there is an army of rebels, and they could well be deciding the future government here. Surprises are expected from several constituencies due to the division of votes, with rebels staying in for the contest. While some rebels have the better chances of winning independently, several others will play lead roles in the defeat of their party candidates by dividing party’s vote in favour of rivals.....Continue

Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

Thursday, October 30, 2008

While the West is both excited and paranoid about India’s potential, the average Indian is still not empowered as the polity continues to wither India

Very few sitting in India would not hold countries like France in awe. And even fewer sitting in this part of the world would believe if one is to say that an average Frenchman or a British is today as much paranoid aboutThe silence of the lambs... the increasing clout of the Indian economy and Indian Inc as outsourcing to India is becoming a key issue in the US presidential elections. Out on a casual walk on the streets of Paris, chances are high that an average Indian would first of all be asked if he is a Pakistani or a Bangladeshi. Even before the shock and the sheer disgust of being equalled with a Pakistani or a Bangladeshi overwhelms one, the realisation dawns that however much India might go ahead in the race, racially the Indians, Pakistanis and Bangladeshis would still be the same for an average European. So when one visits those places, quite often one has to take the pain of explaining that ‘we are Indians and not Pakistanis.’ Prompt would come the reply, ‘What are you doing here then? There’s so much happening in your own country!!’ If your are on an educational trip, the sarcastic smile would be complimented with a shocking reply, ‘Thank God you are not here for a job’ or ‘What is there to learn from France or Europe? Don’t you see how they are busy splitting it all up in the name of unity? Don’t you see the way they are encouraging the formation of smaller countries like Kosovo? All the jobs are in any case shifting to your country and your neighbour? And now what is that is left to learn?’ Such replies are common and not unjustified either. But it also proves the sheer irony and vindicates the old adage which says that the grass is always greener on the other side of the river....Continue

Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

Read also :-

Tuesday, October 21, 2008

Can we educate the regulator?Can we educate the regulator?

Over the decades, he has emerged as one of the most respected entrepreneurs of post-Independence India and nurtures the powerful corporate legacy of the Godrej family. He is very optimistic about India’s future. And yet, when B&E asks Adi Godrej about one single issue that could derail India. he unhesitatingly says ‘education’. “The State has to encourage private sector participation in education. There is no other option. It is the private sector that made the third rate telecom and aviation sectors in India world class. It is the private sector that will do it in education.” And of critical importance is the FEI (Foreign Educational Institutions: regulation of entry and operations, maintenance of quality and prevention of commercialisation) Bill, 2007, that had to be shelved last year by Arjun Singh due to stiff opposition from the Left. Granted that the current UPA government has just about a few months left to go before it is election season.....Continue

Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

Read also :-

Saturday, October 11, 2008

It’s all in the family!

It’s time to stop blaming one’s work schedule for those increasing waistlines, and join hands with your nearest and dearest to fight the bulge and stay healthy.


A family that sweats it out together, stays together!

Although improving one’s self image doesn’t pass off as the latest lifestyle trend, the new progressive means of achieving the same have always been the talk of the town. Most often, the pace of life (or just the excuse of it) keeps one from joining regular work out sessions be it a flexi-hour gym or a 24-hours-open lush green park near one’s residence. The solution lies in incorporating exercise into your daily life, by making it a family affair. There are surveys that have proved that children prefer exercising with parents, and we dare say, time spent playing and exercising together is time well spent. More and more people are realising that family work-outs result in not only a good looking family but also one in harmony with each other.

One has the option of setting-up domestic exercise equipments at home, or if one faces cost constraints, then the cheaper option is to pick up videos of yoga, aerobics etc. and practice them together. Another latest trend and a more sustainable technique of shedding those extra kilograms is to call the trainer home, who will also wait in your house till you make up your mind to get into your sports gear! “It is difficult to be on your own when it comes to work-outs,” say the Mathurs who have a Yoga instructor visit their home and train the family together.....Continue

Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

Read also :-

Tuesday, October 07, 2008

Too Lee’ttle, too...

Lee’s exit looks positive, hopefully the law will take its course

‘Once bitten, twice confident’ – Though antipodal, the tad goes well with Lee Kun-hee, Chairman of the world’s largest electronic company – Samsung Electronics. Lee, son of Samsung group founder Lee Byung-chul, resigned from his post on April 21, 2008 following his alleged involvement in the slush funds scandal. And along with him resigned his son and heir to the company, Lee Jae-yong and Vice Chairman Lee Hak-soo. But before one thinks that the allegations against Chairman Lee might be a mite too heavy (as being opined by company insiders and even some analysts), one perhaps forgets that in 1996, Lee was fully convicted on the charges of bribing ex-presidents of South Korea. It was only a presidential pardon (!) that allowed him to return to the company, and that too, at the helm of affairs! But the bigger question now is, will Lee’s resignation actually work positively for the group? Or is it the clichéd tale of too Lee’ttle, too late?

An alumnus of George Washington University, Lee took over the baton in 1988. It was under his leadership that Samsung Electronics became one of world’s leading manufacturers of semiconductors. In January 2008, a special investigation was carried out, instigated by Samsung’s former Chief Lawyer Kim Yong-chul, after he issued public allegations of financial irregularities....Continue

Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

Read also :-

Friday, October 03, 2008

samsung: market expansion

Will the 3-pronged plan work?

Nine million potential customers every month – a figure hard to ignore, even if you’re an ‘also-ran’ in the mobile handset market, and a fact hard to overlook even if you’re Samsung (the current no.3, way behind the market leader Nokia). But wait! Just like any other ‘wanna-be-a-winner’, Samsung too has rolled out a three-pronged strategy to establish its dominance over the growing Indian handset market.

Besides launching five handsets (and signing up actor Aamir Khan), increasing its handset unit’s manpower count by 50%, it is also heavily into revamping of its distribution channels thereby increasing its reach within the Indian market to 85% (from the current 55%). In view of the same, two regional distributors – SSK (Western region) and Link (Eastern region) were also added to its existing North & South network. It has also cracked exclusive contracts with 40 Nokia distributors, with an aim to create a dent in the market leader’s strong position. Shushmul Maheshwari, CEO, RNCOS also thumps for the positive as, “Samsung’s launches will benefit from its enhanced distributor network, and the distributor agreements will prove advantageous.”....Continue

Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

Read also :-

Monday, September 22, 2008

Mumbai mania

The politics of parochialism
This week Mumbai’s Maharashtra Navnirman Sena (MNS), the rebel Shiv Sena group, swooped down on impoverished migrants from Bihar & Uttar Pradesh.They came under attack everywhere: on the streets, and in local trains and buses and their property set wantonly ablaze. The mob frenzy was triggered by MNS chief Raj Thackeray’s statement about the migrants not deserving the state’s hospitality.

Raj has launched a bitter tirade against north Indians, specifically targeting Amitabh Bachchan & his family, and north Indian festivals, celebrated in Mumbai. “If you have to live in Mumbai, then we will not let you celebrate Chhath Puja festival at Juhu beach,” he said. Nothing was voiced about their numerous contributions towards Mumbai.

Now, with an eye on votes, all political parties, including the SP & the MNS, are scurrying about for emotive issues. Maharashtra-watchers will confirm that anti-Bihari & UP statements are nothing new for this metro. It was successfully used by Sena chief Bal Thackeray to whip up partisan passions that kept him at the helm of affairs for decades. If he has now somewhat mellowed down, it is by no means because he regrets his past. It is because the migrants, who today are a major votebank, won’t be swayed by his divisive rhetoric.He would therefore do well to tell his once favourite nephew, and current arch-rival, Raj Thackeray, that the so-called outsiders are in fact crucial for keeping any party in power. That a non-issue should have been allowed to morph into a burning one, only goes to show how little the Shiv Sena and its leaders understand the changed ground reality. The Raj Sena remains unrepentant. Nitin Sardesai, Vice-president, MNS, told B&E, “We retaliated to the SP’s provocation. We cannot let outsiders air their opinion irresponsibly on local issues.” He said it was the SP workers who initiated the spat, not the MNS, according to media reports. However, SP leader Abu Azmi has a different story to tell. He said that MNS are frustrated and can only resort to violence. The Congress has also joined in.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...domain-b.com : IIPM ranked ahead of IIMs

Saturday, September 20, 2008

Googling Indians

The technology company is hoping to convince Indian businesses about the virtues and effectiveness of online advertising
For Google India, the challenge is to enable Indian firms to appreciate the effectiveness of search advertising or the reach of the online medium. In an exclusive interview, Shailesh Rao, MD, Google India, tells B&E’s Debdeep Singh how the company is evolving new strategies, services and products to woo Indian customers. But Rao accepts that computing infrastructure has a long way to go in India.

Excerpts: How has been the Google’s journey in India so far?

Google’s approach to search and advertising has provided users with a trusted source of information and provided businesses with an efficient mechanism to drive growth. In India, due to the broad popularity of our services – from search to Orkut to Blogger and AdSense programme – we are able to provide businesses with a wide range of marketing opportunities. Understanding the needs of the Indian market, we are looking to address local concerns and offer multiple channels to support business objectives and marketing goals for all levels of a business. We are pleased with the continued use and adoption of AdWords by large and small businesses across regions and verticals in 2007. We have seen businesses utilise the platform to support a wide variety of marketing objectives. We are pleased that fair and transparent pricing, precision targeting capabilities, and an ability to calculate clear ROI are resonating with the marketplace. India remains one of the more important markets for our business worldwide, and we will continue to invest here.

How do you see the world of search engine marketing evolve from here?

The trajectory is clear. The digital marketing opportunity is growing dramatically and businesses are increasingly taking advantage to drive efficient growth. In a high growth economy like India, business growth is one of the most important objectives for organisations. And advertising will be an important tool for small businesses to become regional ones, regional businesses to become national ones, and national ones to become global players. The Internet has connected previously disconnected people from different parts of the world, and brought them together to share unlimited amounts of information. With more people connected and more businesses investing in developing an online presence, the Internet not only provides information exchange, but also promotes trade. Online advertising compliments the stable of conventional forms of advertising and plays an important role in integrating marketing communications.

A boom in Internet advertising is waiting to happen as connectivity improves with the wider use of broadband. But today, Internet penetration is unacceptably low. It is difficult to be excited about the advances in the telecommunications sector when our computing infrastructure is so far behind where it should and needs to be. As Internet access and costs improve and Indian users spend more time on the Internet, the growing online advertising market will only become better. Today, more and more users are taking recourse to the Internet for even regular jobs. Internet is slowly but steadily becoming an important medium. Given the growing spread of the Internet and ever increasing online activity, Internet advertising will continue to fulfill many business goals – be it sales, lead generation, branding or recruitment campaigns. It will go beyond allocating portions of marketing budget and extend to being a long term investment that also yields immediate short term results. In a scenario where relationship between the search engine and the search engine marketer is not clearly defined, how do you feel about those who practice search engine marketing/optimisation?

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...domain-b.com : IIPM ranked ahead of IIMs

Monday, August 25, 2008

Thumping win for Putin’s politics

President Putin will use the majority gained, to strengthen himself
W hen the Soviet Union collapsed in early 1990s, the West was busy preaching lessons of liberal democracy to Russians. America’s ‘triumph over the evil empire’ was celebrated as the greatest moment of 20th century liberalism. Sixteen years down the line, where does Russia stand in global democratic industry? Not impressive, if one goes by standards of Western democracies. Well before the December 2 Parliamentary elections, liberal press had warned that President Vladamir Putin, who is leaving Kremlin in March, would use the results to tighten his grip over Kremlin. Despite widespread international campaign against Putin, his United Russia party emerged victorious with 315 seats, 14 seats more than the 2/3rd majority needed to pass constitutional amendments. The only opposition, United Russia would face in the Houses would be Communists. Putin had defeated the liberal opposition parties, Yabloko & the Union of Right, well before the elections, by increasing, the minimum requirement of percentage of total votes, for having a seat in Duma, to 7%.

“In the election campaign, the Unified Russia declared that it was a referendum on Putin’s policies. The “referendum” proved that Russians back Putin & his policies. However, it has not helped Russian democracy in general. Rather, it exposes the facets of Russian political system,” Sidorenko Alexy, a Russian expert at the Carnegie Endowment for International Peace told B&E. Putin, with huge majority in the Parliament, is more powerful now. He has already declared that he would step down in March 2008. What’s in his mind is unknown. But everybody knows that, after investing this much political capital in the parliamentary elections, he’s unlikely to give up his influence in Russian politics.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs


Wednesday, August 20, 2008

Welcome to the world of penniless billionaire?!?!

One of the safest asset – Cash, is fast becoming the most dangerous one
In an environment of monetary debasement – that is when cash loses rapidly its purchasing power – all goods, services (R&D, patents etc.), and assets become currencies as investors and savers realise that the only way to protect the purchasing power of their money is to move from liquid into ‘illiquid’ assets. Consequently, money is no longer just Dollars, Euros, Yen & Chinese RMB, and short dated bonds, but also real estate, stocks, commodities, paintings, and even collectibles. Now, the same way as in a free market economy, currencies fluctuate in value against each other (so far the US dollar is mostly down), the various asset classes, which have increasingly become ‘money’, will also fluctuate against each other. And the way sound currencies tend to strengthen and currencies with poor fundamentals tend to weaken, the various asset class monies will, depending on their fundamentals, either appreciate or decline against each other. Take as an example the energy sector compared to homebuilders.

The ‘US homebuilding currency’ and real estate in general has not only depreciated massively against the ‘energy currency’ but also against ‘lousy’ cash, over the last three years by declining in absolute terms. Now, while the above may sound extremely trivial because in the past some asset classes have always out-performed others, the problem for investors that comes along with is not trivial at all. The reason for this ‘new problem’ is that in the past, cash maintained more or less over time, its purchasing power with compounded interest rates against a basket of goods and asset. So, whereas cash lost out against consumer price inflation and against oil and precious metals in the 1970s, it maintained its value against equities and home prices, which hardly appreciated during that decade. Also cash gained in value against bonds, which tumbled. Moreover, the loss of cash’s purchasing power (including interest) in the 1970s, against consumer prices and precious metals was offset in 1980s by cash appreciating strongly against consumer prices (disinflation) and commodities. But now, with the Fed and other central banks intent to keep asset prices up at all costs with artificially low interest rates, an era of continuous monetary depreciation has dawned upon us.

Whereas in the past, cash could be perceived as ‘reasonably’ safe, today, cash may, courtesy of modern central banking under the auspices of the US Fed, actually have become quite a dangerous asset class due to its depreciation not only against asset prices but also against consumer prices, if these were measured properly by government agencies.

In the past, savers, wanting to avoid the problem of deciding about investments & allocating their funds to different assets, could invest their money in short term deposits. But in today’s monetary regime – characterised by massive monetary & debt growth & central banks seeming to be perfectly happy at ‘printing money’, which leads to money losing purchasing power – savers are almost forced to invest into ‘something’ in order not to end up as ‘penniless billionaires’.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs

Wednesday, August 13, 2008

Married ofline

Based on the success of their digital counterparts, real world corporations are beginning to notice the possibilities. Car manufacturers Mazda and Toyota are selling the Hakaze and Scion XB concept cars. IT majors like Sun Microsystems and IBM are organizing press conferences and creating their spaces within SL. CISCO and DELL (www.dell.com/secondlife) are already selling products in-world. TELUS Mobility (www.telus.com) opened a retail outlet offering replica mobile phones with SL specific features. Leo Burnett Worldwide has started a community for their globally dispersed staff to explore the possibility of opening up shop within SL. And last summer, American Apparel opened a branch with a lot of fanfare selling digital renderings of their actual collections. And since money is changing hands, banking as a business is flourishing in SL. Based on current estimates there are as many as fifteen odd banks in SL today out of which ten operate in-world only. This is raising questions of how such non-regulated entities should be managed.

But that’s another story. What’s more interesting is the fact that some banks are actually SL versions of actual real world banks including majors like Wells Fargo, ABN Amro, BNP Paribas & ING. The social dynamics of SL are also hard to comprehend. Take sex for example. Having sex in Second Life just requires selecting a series of buttons. Of course users can generally start by buying outfits to dress their avatars provocatively, or “skins” to make them appear nude. Guess what? Default avatars have no genitalia, so users need to buy them! And I dare you to check out the store at ‘www.getexcite.com’. You will fall off your chair when you see what’s available. Likewise, users can buy equipment, ranging from realistic-looking beds and other furniture to fanciful torture devices used in BDSM fantasies.

The furniture and other props have attached software to animate the user’s avatar through the motions of sex. Chris Mead chose to quit his job at a factory when his wife had a third baby. His interest in computers and gaming led him to start making “couple animations”. Also known as “pose balls”, these are programs which when clicked by two avatars activate the animation inside and allow the avatars to dance, cuddle, kiss or even have sex. Chris’s avatar Craig Altman has a store in-world where he sells more than 300 copies of these animations a day. He earns about $90,000 a year by just selling sex-aids in SL. Nudity and sexual behavior is forbidden in Second Life outside of private areas and sex clubs. Free orgy rooms are commonplace, where users can try out sexual apparatus and pose balls and bring their own. One of the prime locations for this is the Archan Free Sex Community which consists of a huge playhouse with segregated public and private rooms brimming with sex toys and kinky themes. It is over 10,000 square feet of playroom, has a swimming pool with a water slide and arguably one of the biggest dance floors in-world. And finally to end with a twist, there is marriage! Yes, residents are getting married in SL. Some are hooking up online but getting married offline. But some are already married in real life to others. This raises the strange question and a major social problem of the future: does that mean you are cheating on your real spouse? Go figure out!

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs

Tuesday, August 12, 2008

Straight from the horse’s mouth

Dhirendra Kumar
CEO, Value Research


If I have to make a portfolio of mutual funds, I will choose funds like Birla Sun Life Frontline Equity, Franklin India Prima Plus, HDFC Top 200, Kotak 30 and Principal Global Opportunities as its major constituents. They all have garnered fabulous returns in the past and surely hold a great potential as far as future growth is concerned. Moreover, instead of ranking them on a scale of one to five, I would treat them all equal. All of them have been really resistant to market volatility and appear equally good to me with respect to future performance too. In fact other mutual fund schemes are not far behind. They all seem to have garnered decent returns in the past.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs