Monday, November 13, 2006

'Employee For Life'

Prasad talks passionately about implementing strategies, which virtually demolish the ‘employee for life’ credo practised in the past by Tata Steel; Prasad is acknowledging the fact that the Jamshedpur based plant of Tata Steel continues to be overstaff ed horribly. Though concerned that he might get more footage than the CEO of his company, B. Muthuraman, he’s well supported by his connivingly condescending cowboys, in this case Shweta Kocchar, Tata Steel’s Head of Industrial Relations, who grunts across acknowledgements for almost each volley fired by the specialist.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-
Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006


Friday, November 10, 2006

Banks to Take Risk

The total credit routed through these SHGs increased from Rs.33.2 million to Rs.1.9 billion. However, there are still certain bottlenecks in the policy which need to be addressed urgently. Compared to the Grameen Bank, the Indian Banking sector that undertakes statutory micro-credit activities is under heavy regulation. The cap in the interest has been fixed at 7%. Some economists see this as a disincentive for the banks to take risks. Though Grameen Bank did not seek any collateral in return for advances made to the borrower, the reasonable rate of interest (which varied accordingly), and woman being the major recipients, served as cushions against possible defaults. The Indian model seems to completely miss these factors. As a result, benefits fail to reach the bottom half of the pyramid.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-
Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

Thursday, November 09, 2006

AARP


The company also earned incredible profits of up to $3.3 billion in 2005. UHG is posting not just record earnings, but also foraying into fresh markets and garnering profits from its association with AARP (a non-profit set up for people aged 50 and over). McGuire is credited with pushing the company into higher growth markets such as senior health care, private health savings accounts & technology data services. It was due to McGuire’s efforts that UHG came to the forefront of electronic medicine and introduced swipe-cards for doctors.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-
Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

Wednesday, November 08, 2006

Boundary of Bhutan


The draft constitution provides the legal framework for a democratic political system. It has been stated in the First Article itself that the boundary of Bhutan is inviolable, an obvious rebuff to the Chinese. Incidentally, the Chinese soldiers marched into the Bhutanese territory on November 2005 on dubious pretext, and since then, have been building roads in those areas totally ignoring the Official Bhutanese protests. Increasing military garrison in the region can be read as another Chinese endeavour to do another ‘Tibet’ in the region. Unlike the power hungry counterparts in neighbouring Nepal, the monarchy here has been officially labeled as the ‘friend of the people’, meant to satisfy the genuine aspirations of people. These steady transitions, minus the usual ‘revolution’, has almost been an unheard thing in modern geo-political history. The world, indeed, needs to learn, even if from the tiny-tots in the international arena.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
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Wednesday, November 01, 2006

PURE MAGIC AND NO CARS!

How would it be to return to the old world, to the rustic charm of the Victorian age, away from the hustle and bustle of the city; place where you’ll come across horse-drawn coaches in place of swank automobiles (by law!) and Victorian cottages instead of suburban setting? Nothing less than an exceptional experience indeed on Mackinac Island, Michigan. And like an icing on the cake are the fall colours of the foliage in the background of the beautiful works of architecture and sculpture. A tourist’s delight is the Lake View Hotel, currently off erring a “Fantastic Fall Colour” economy package! Pack your bags...

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006