Showing posts with label Business guru. Show all posts
Showing posts with label Business guru. Show all posts

Friday, July 02, 2010

Keeping it real

he’s the one known for the grit and the grime that lace his works on celluloid. prakash jha, whose middle name should perhaps be ‘hard-hitting’, if his filmography is any indication, talks to Ravi Inder Singh about his upcoming "raajneeti"

You recently commented that characters in “Raajneeti” do not bear any resemblance to any politician, then why is the revising committee still taking time?

The movie absolutely has no resemblance with any political leader and moreover the movie is at the revising committee’s end only because they are yet to decide on its category. They still have to give it a rating – either ‘A’ or ‘U/A’.

Are there any such sequences that deciding the category is getting tougher?

Well, explaining everything with respect to every shot picturised in the movie wouldn’t be possible. Let’s just say that the revising committee would take decision on its category based on votes.

Between politics and films, which do you think has more influence on the masses?

I think it is films. In this film the central idea may hover around politics but it also focuses on politics within the family, interpersonal relationships, it’s about betrayal and deals with politics with respect to loyalty.

While selecting Ranbir Kapoor, was there ever a dilemma to choose someone more rugged or grittier?

Wow! You don’t know how rugged this guy is (laughs). Fortunately, there was no one in contention and just after “Saawariya” I had spoken to Ranbir about this role. In this film, Ranbir’s character studies abroad and is away from all the political influence that the family has. But once when he visits a function, circumstances are such that joining politics becomes inevitable.

Which was the most challenging scene to shoot in the film?

Every single scene was challenging. Whether a scene has four characters or four thousand, every scene is important. As a writer or a director you never keep anything that’s just functional, every scene has a meaning. There are seven huge characters in the film: Arjun Rampal, Ranbir, Manoj Bajpai, Ajay Devgn, Nana Patekar, Katrina Kaif – and each one needs to be justified. Finally what the audience likes is what I am waiting for.

Why do you think that the media misunderstood that this movie has been inspired by the first family of Indian politics?

The reason could be that Katrina is from England and she comes from abroad in the movie, also Katrina’s Hindi has a little bit of an accent. Similarly Sonia ji is also from abroad. It’s like putting two and two together, and once something of this sort happens, everyone starts talking about it. In my film Katrina is a normal girl who is shown to be in love with Ranbir. Now I can’t show the movie to the media, you’ll have to see it to believe it.

Through your film, do you intend to change the way people look at politics, or is it purely meant for entertainment?

I’m trying to change nothing. I do not have power to change anything. I have only sculpted a story on the present political system. What eventually you would draw from it is completely your choice.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-

Wednesday, June 30, 2010

The army might have uprooted many militant groups operating from Pakistani soil

The pressure exerted by the US government on the Pakistan army and government is making things worse, pushing Pakistan to a journey towards the unknown. The ruling classes in Pakistan are happy that they are being provided massive “aid” to fight the militants, despite the fact that the country is being run on the loans extended by the International Monetary Fund (IMF) and the World Bank. Peter Symonds, a frequent contributor to Global Research, wrote an article that was published on May 16, 2010 titled: 'America’s War on Pakistan: US Warns Pakistan of Severe Consequences'. It reads: 'The Obama administration has seized on the failed car bombing in New York’s Times Square on May 1 to insist that the Pakistani military step up its war on Islamic militants and extend its operations into North Waziristan. The US demand is being backed by thinly disguised warnings of economic reprisals and military interventions'.

In a CBS interview recently, US Secretary of State Hillary Clinton said: “We’ve made it very clear that if, heaven forbid, an attack like this that we can trace back to Pakistan was to have been successful, there would be very severe consequences.” Under interrogation, Shahzad has allegedly admitted training in Taliban camps in North Waziristan, although the amateurish character of the bombing attempt indicates otherwise. A Tehrik-e-Taliban spokesperson has denied any involvement. Is the alleged terrorist an agent provocateur providing an alibi to proponents of “Long War” to intrude into Pakistan after Iraq and Afghanistan?

An American analyst wrote recently that the US leadership itself creates a monster, then inflates it and then fights it. How true is it for Osama bin Laden?

Clinton is also insisting that Pakistan and India shun their differences. Nobody differs from such pious assertions. But how come Clinton, or for that matter any other US leader, suddenly becomes a peace nick? The motive seems to be simple: Pakistan armed forces should concentrate on “war on terror” rather than look with scepticism towards India with which it had fought four unproductive wars during the last 62 years.

General Kayani is reluctant to open another front in North Waziristan. “It seems Pakistan would undertake an operation in the North Waziristan, but at the time of its choosing. The Pakistan military wants to consolidate its position in Orakzai, Khyber and Bajaur before launching an attack in North Waziristan. It may take a couple of weeks, if not months,” Rizvi believes.

“Pakistan’s economy is on the verge of collapse, with gross domestic product falling from more than 8 per cent growth in 2005 to under 3 per cent last year. More than $3.5 billion in US economic and military assistance is in the pipeline, and a nearly $8 billion International Monetary Fund agreement and a $3.5 billion World Bank financing package are pending,” writes Symonds.

Faced with a severe energy crisis, hundreds of thousands of loom workers in Pakistan are likely to be laid off. Inflation has crippled not only the working classes but even the middle classes. One find thousands of low-income employees having food at free food centres run by eminent social activist Abdus Sattar Edhi because they can’t buy food with their meagre salaries.

The ruling elite look the other way. The economic and political turmoil can push the people of Pakistan towards anarchy since forces that could resist malignancy either do not exist or are too weak and fragile.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-

Wednesday, June 16, 2010

Bharat Ratna Ustad Bismillah Khan

Unlike the Ustad who had turned down offers from fans to settle in any part of the world (he had famously said, “Get my beloved Ganga here if you can”), Nayyar and his brother Nazim (a table player) had to cultivate their contacts independently, for the Ustad never pushed his sons centre stage, a grouse his wife Muggan Bai always held against him. Nayyar, schooled at home for a bit, was hampered by an inability to negotiate deals for himself.

Nazim’s task was a little easier given that he had chosen a different instrument and so was in no competition with his father and did not have to bear the beatings that Nayyar was subjected to during the rigours of his daily eight-hour riyaz which he was put through since the age of seven. The Ustad himself practiced 16 hours every day.

Of Nayyar’s eight children, Nazim Abbas was the only one to train under his grandfather and father. The rest, as another son, Asad Abbas (25) says, “were too petrified of the Ustad’s temper”. However Asad, after dabbling in sports at school and in a business that sunk the family’s money, has now turned to the shehnai even though he admits, “I had no special interest in the instrument. But now I guess the family’s tradition has to be upheld. People will come to listen to me, in the name of my Baba.” Yet, Asad’s practice hours are erratic and the best he notches up is four hours a day.

There are other claimants to the Ustad’s legacy. One among them is the Mumbai-based Soma Ghosh, a classical singer of the Benares Gharana who the Ustad fondly referred to as his daughter (See interview). Abbas Murtaza Shamsi, the 48-year-old who was secretary to the Ustad and then to Nayyar says, “She cashed in on the Ustad’s name never failing to mention that the Ustad was her Baba.”

Yet Ghosh, faithful to the memory of the man who she considered her guru, has been organising concerts in the Ustad’s memory (the last one called Yaad-e-Bismillah like the others was held in August, 2009). Similarly, the Mumbai-based Sangeet Natak Akademi has been handing out the Ustad Bismillah Khan Yuva Puraskar since 2006 to artists performing diverse arts. However, the UP government’s promise of setting up an academy in the Ustad’s name, never materialised. Neither did the petrol pump that the Ustad had demanded his family be given. Shamsi says, “Nayyar left too soon. He had the next 10 years planned and would have carried forth the Ustad’s legacy. Now it is a difficult, though not impossible, task. I am trying to revive as many old contacts as possible.” Godspeed the efforts, but when you take the 28 steps that bring you to what was once the Ustad’s room and notice the cobwebs and the carelessly lumped pictures of the Ustad gathering dust in a side alley, you realise the legacy is as dead as the man himself.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-

Tuesday, June 15, 2010

The MiG-35 is fitted with western standard Mil-1553 bus

The MiG-35 is fitted with western standard Mil-1553 bus (complete open architecture) which allows it to accommodate all weapon systems, be it Russian or western. Reliability and serviceability have been improved, reducing operating cost and improving serviceability by 2.5 times (compared to older MiG-29s). MiG-35 is equipped with an optronic target tracker, identical to the system used on the Su-30MKI. For precision air-to-ground attack missions, the aircraft can be equipped with a conformal electro-optical targeting module, installed under the right air intake. The aircraft is equipped with radar warning, electro-optical missile launch warning and laser warning sensors, and integral active self protection (jamming, chaff and flare) as part of the integral self-defence system. The aircraft has four additional hardpoints and can haul an external payload in excess of six tons. The optical target locator (OLS) is a deadly add-on from the Russian space programme which, according to the developers, can detect and engage even the best stealth platforms in operation without turning on the radar, thus nullifying the aircraft’s magnetic signature. It integrates TV, Infra Red and laser ranging systems in one solid construction. The aircraft is the only one in the world to boast of a 3-D thrust vector control system which allows it dead stop in full flight and resume attack in impossible angles.

Most of the systems introduced in the MiG-35 can be applied to older MiG-29s through upgrade programmes. The aircraft is powered by two RD-33 MK engines digitally controlled smokeless engines, producing 9000kgf of thrust each.

In the end analysis, the Rafale and the MiG 35 appear to be the best open architecture buys as both are brand new and fully customisable platforms and bring with them goodies and technologies the other competitors are not offering. Both Russia and France are offering full ToT for the aircraft. This should work in their favour. Since only 18 aircraft are going to be bought off the shelf, building the rest of them will be a valuable learning experience for the Indian aircraft industry.

Induction of American aircraft will have to be accompanied by setting up of an altogether new training and service infrastructure, the cost involved will spiral exponentially upward. And since IAF have been operating Russian and French aircraft, induction of MiG 35 and Rafale should be smooth. A mix of these aircraft will give IAF a clear strategic edge over Pakistan and China. Further induction of PAKFA and MCA will only cement the IAF’s qualitative superiority. The Americans are exerting tremendous pressure on politicians and thinktanks and spending money to see their products through. India must keep in mind that the USAF is slated to replace all its F-16s with F-35 Joint Strike Fighter and that the US Navy is not placing any further orders for the Super Hornet.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-

Monday, June 14, 2010

City of Gold

An underwhelming look at a tragic true tale

Mahesh Manjrekar had plot gold dust on his hands when he laid his hands on Jayant Pawar’s play, ‘Adhantar’, about the mill workers of the 1980s who abruptly lost their livelihoods in Mumbai when the mills were brought down to make way for malls. It had the potential to be a riveting tale of angst and agony, and Mumbai as a backdrop in itself is superbly cinematic. Only, it falls short.

Manjrekar does attempt to tell a heartfelt tale – the crisis viewed through the prism of a single family where the mother (an excellent performance from the reliable Seema Biswas) suffers through the cruelty of watching her family fall apart due to the events leading to the shutting of the mills. It’s a classic old economy razed to accommodate new economy dreams story, and Manjrekar’s cast of nondescript names pitches in with honest and fairly hard hitting performances. But the film is never elevated anything beyond an earnest effort, mainly because of a lack of a tighter and less melodramatic narrative and the production values.

True to his signature style, Manjrekar does pepper the script with hard hitting scenes (some of them are pure directorial indulgences, though) that try to move you. A dark, brooding and at times visceral look at a tragic story that the new liberalised India has forgotten, “City of Gold” is worth applauding for the effort. But when you’re Mahesh Manjrekar, applause for effort is not what you should be seeking.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-

Friday, June 11, 2010

World observed the 40th anniversary of Earth Day

While businesses have systematically and thoroughly abused and mutilated our earth, several companies have begun to implant and implement environment-conscious ideologies in their organisations. From a global perspective, the highest impact is being achieved by an Indian-American according to Forbes. Recently named as the greenest billionaire in the world, Vinod Khosla, co-founder of Sun Microsystems, has been pouring millions of dollars into innovative companies that are into sustainable building materials, solar power and advanced bio-fuels. Meanwhile, organic clothes that spare the earth the scourge of pesticides and chemicals are slowly gaining ground in the Indian market. While several designers have taken out eco-friendly lines, two major apparel brands have recently decided to tread the green mile too. These new lines from Van Heusen and Arrow present 100 per cent organic clothes made out of cotton, linen and have used natural dyes. Vandana Shiva, however, stresses on tying such projects with community-based initiatives to ensure that such ventures sustain in the long haul. Further, in dyeing a regular fashionable outfit, roughly 8000 chemicals are used, besides using heavy metals, creating toxic waste and consuming huge quantities of precious water.

Therefore natural dyes are an essential step for clothing companies. Herbal dyeing, which not only uses natural plants and minerals but also retains the medicinal properties of the herbs, is being seen as the next big trend by many. Says Arun Baid of Aura Herbal Textiles, “We will not speculate that the whole world will change and will go for herbal dyeing, but since the dedication to environment, global warming, carbon points are serious issues, in the near future anybody and everybody will have to be sustainable to survive.”

Going green is becoming so fashionable that at The International Indian Film Academy (IIFA) green has replaced the usual red colour of the carpet at the entry. Where Amitabh Bachchan has for long been encouraging eco-friendly behaviour, the latest Bollywood celebrity to join the green bandwagon is Abhay Deol, who has signed up to become the official Brand Ambassador of The Climate Project – India, and for a start has decided to use two separate garbage bins – one for dry waste, and the other for wet waste. The project is aiming to present more concrete solutions through their Teachers Training Programme, where they plan on training teachers in every government and privately-owned school in Delhi about climate change, in time to help the capital get all squeaky and shiny for the Commonwealth Games 2010.

While there is a lot afoot to help our earth regain its lost vitality, each one of us needs to treat our planet with respect and love, and behave as a member of one big family. The Dongria Kondh tribe, the businessmen who own the factories, to the school children who planted saplings this Earth Day, are all an intrinsic and organic part of the same family. “We are the last generation that can make a difference. Our generation has a challenge to not only act in our own capacities to reduce our carbon footprints, but in addition we should also get our politicians to take the big decisions that are needed now,” says Vinuta Gopal. “We need to now think of the rights of mother earth, and how that defines our rights,” stresses Vandana Shiva, and leaves us with a thought that will hopefully resound in our readers’ minds long after, “We are an earth family, and this earth family is a child of mother earth, and her rights come first.”

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-

Tuesday, June 08, 2010

The bankrupt Punjab State Electricity Board is bifurcated

PSEB had a staggering debt of Rs. 16000 crore with fiscal deficit at Rs. 9000 crore. The market value of the total assets of PSEB is about Rs. 30,000 crore. The new companies would start from zero balance and would not inherit the legacy of the financial mess.

The engineers' associations have finally welcomed the move as the government has allayed the apprehensions of the stakeholders like the employees and the farmers. The government has convinced them that it was mainly the management system which had undergone a change and these sections would not be affected in any manner. The service conditions of the employees would remain the same. The farmers would continue to enjoy the facility of free power for the farm sector. Dalit households would also get the same facility of free power as earlier. The government took pains to make the situation transparent saying it was not privatisation but only corporatisation.

However, Dr. Joginder Dayal, member of the CPI national executive would not share this perception of the state government saying, “It is just the first step towards privatisation. Moreover, the states where the power boards have already been dissolved have not benefited in any manner and the consumers have to cough up more than before”. West Bengal has already implemented the Electricity Act, 2003 where the CPI is a partner in the government. Of course, power tariff is much higher in neighbouring Haryana where the power board was trifurcated much earlier. However, there are some states in India where unbundling of the power supply board has been a spectacular success.

As per the policy announced by the state government, the chiefs of the two companies, along with the directors, would be appointed through an open process. The criteria for the selection are being given final touches. The Chief Secretary heads the committee for this purpose. Of course, the final decision would be taken by the political leadership. Powercom would have a total of eight directors, one each for generation, distribution, commercial, finance, human resources development and general administration, besides two nominees from the state government. The other company, Transco, would have four directors.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-

Monday, June 07, 2010

Singapore’s newly launched casinos echo creative capitalism

Another measure taken by its authorities to save families from the perils of this money-looting game, is to install free telephone connections where families can call and ask for their family member to be banned from entering and playing in the casino. There aren't any such severe restrictions on foreign tourists. However, under the National Council for Problem Gambling (NCPG), parents of adult foreign students studying in Singapore can apply for a family exclusion order, if they fear that the student can cause financial harm to the family because of gambling. Moreover, almost all casinos are part of integrated resorts, and thus no casinos can discreetly advertise themselves within Singapore but can only promote themselves as 'integrated resorts'.

Singapore has always been known for its zero crime and strict laws, which includes canning for being caught chewing gum. But it is worried about the occurance of crimes inside the casinos. In fact, a few incidents of crimes inside the casinos have already been reported. These included people being charged for cheating and mobile phone theft. The police are making all possible efforts to ensure that such crimes don't become endemic.

The opening of casinos in Singapore does make good business sense, but the government must also ensure that they do not stray away from their social responsibility to the people. Comfortably doing this will serve as an apt example for other countries like Japan, Indonesia, Malaysia, to name a few, as they too are planning to open casinos. It will also serve as an opportunity to learn for the world when it comes to creative capitalism.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-

Friday, June 04, 2010

One year after the Tigers were silenced, the victorious Mahinda Rajapakse is stronger than ever

Tamils, internally displaced in the war, were placed in internment camps set up by the Sri Lankan government. The camps lacked basic facilities and a vindictive Lankan army made the inhabitants’ lives more miserable. There were reports of women being raped and youngsters tortured. Many died out of starvation. United Nations functionaries, international relief agency workers and foreign journalists were denied entry. And if allowed entry, it was always a guided tour.

After a few months, due to external pressure, many of the people were released from the camps. Still around 80,000 people are living in camps, reports claim.

“Bringing out people still living in the camp, finding rehabilitation measures for the three lakh Tamils affected by the war, treating the 10,000 surrendered LTTE cadres under international war rules, dismantling of army camps set up in Tamil areas and bringing about a credible political solution to the Tamil problem are the various tasks needed to be taken up immediately,” says Chennnai-based Father Jagat Gaspar Raj, a vociferous supporter of Sri Lankan Tamils’ aspirations.

In a symposium on Sri Lanka: What next? conducted by The Sunday Indian, at IIPM, Chennai, recently, Fr Gaspar called for a civil initiative for the rehabilation of Tamils in Lanka. He also advocated a credible autonomy structure that can give land, educational, law and order rights to Tamils in east and north east province. He warned, "Nothing was settled until settled right."

Col Hariharan, former head of Military Intelligence during the IPKF operations, was of the opinion that India could intervene even today to find a good solution for the Tamils. “'Srilanka has increased its troop strength to 200,000 which is 1/4th of Indian Army. It's a strategic threat," he said. He also stressed that Lankan Tamils should believe in themselves instead of depending on politicians inside and outside the country who have politicised their problem to a level where people's voices are not heard. He noted that the 40-odd Tamil parliamentarians in Lanka may come up with a proposal for addressing the Tamil aspirations and may press it on with India's help.

“Visa regulations for Tamils to come to India may be relaxed. Every year, 30,000 seats in private engineering colleges in Tamil Nadu go vacant. They may filled up with Tamil students from there who otherwise go to Singapore and Australia to study,” Col Hariharan suggested.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-

Tuesday, June 01, 2010

Utterly unapologetic

Father Paul Thelakat, spokesman, Syro-Malabar Church, dismisses such allegations while defending the Church and Cardinal Varkey Vithayathil, head of the Syro-Malabar church. He says, “The Cardinal had said, ‘The question of how many children couples should have is a matter to be decided by them, not by governments or the pope or the Church. This is just my personal opinion. We forget that a child born to an Indian couple, though Indian, is also a citizen of the world. It is said that the Indo-Gangetic plain, if cultivated scientifically, can feed thrice the population of the world. So I don’t agree with a government or a country telling the parents, as China does, that they should only have a limited number of children’.”

Father Thelakat then talks about the issue of the Church asking Christians children to opt for Christian schools. “This was a statement of a bishop of the Church which unfortunately was communally interpreted. The Christian schools teach every one irrespective of caste, creed and economic status with a secular culture and a national spirit. The Christian schools will continue to follow that age-old tradition without doubt. However, Christians are given the minority right of ‘establishing and administering educational institutions’ to protect and nourish the Christian religious culture. We will impart that to Christian students in the Christian schools.”

He defends the Church’s stand against the government with respect to liquor sales and granting of bar licence to pubs – “Every thing in this world is good. Evil perhaps is good out of place or out of time. All that is good in the world may not be good for me. Liquors are dangerous intoxicants because of their addictive nature and the power to get one out of balance. Keralites spend more money on liquor than on rice. The government, which thrives on the huge revenues from this industry, is immoral and irresponsible about the welfare of the people. A western way of life is invading our culture. The boys and girls are attracted to pubs and start drinking alcohol at a very early age of 14. I am afraid to say that many young girls get into sex rackets.”
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-

Monday, May 03, 2010

Eccentricity on an overdrive?

Leading ladies of the film industry have the choicest of cars at their disposal, but actor Asin was recently seen in a ride which would make many other ladies faint with horror! On her way to Madurai Airport from Kairaikudi, Asin and her friends spotted a bullock cart, and when her pals dared her to ride on it, she went ahead and did exactly that! Asin hitched a ride on the bullock cart and travelled in it for the next 25 minutes! Needless to say, passersby were stunned and rushed to take her autograph and click pictures!

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-

Monday, April 26, 2010

Crime and Punishment

Death-row prisoner seeks court’s permission to sire child

A married couple, who got a death sentence and life term, has filed a petition in the Punjab and Haryana High Court seeking conjugal rights within the prison so that they could give their family an heir.

The couple has been incarcerated in the Patiala Central Jail since 2005 separately. It was only after eight months of their marriage that they were arrested on charges of kidnapping and then killing a 16-year-old schoolboy. Jasvir Singh and Sonia of Hoshiarpur got married in their early 20s. They were a happy couple, but Jasvir was a greedy man who wanted to earn quick money. He decided that the best way to make a fortune was to kidnap a rich boy.

He zeroed in on a wealthy trader Ravi Verma’s only son Abhi Verma. Jasvir was helped by his friend Vikram to commit this heinous crime. They kidnapped the young Abhi and then demanded Rs 50 lakh as ransom money. When the amount did not come, Abhi was given a heavy dose of sedative. He never recovered from it and died. It was after this that Sonia stepped in. She helped her husband in disposing of the boy’s body. They thought that they would not be spotted. But they were busted.

After deliberating on the case, the court gave them death penalty. However, the Supreme Court while upholding the death sentence of Jasvir and Vikram converted the death sentence of Sonia into life imprisonment on the premise that she acted under the pressure of her husband.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-

Friday, April 23, 2010

What the law says

Monetary compensation for emotional and physical trouble will eventually lead to opening of a floodgate of false charges

Passed by the Indian Parliament in 1983, Indian Penal Code 498A, is a criminal law (not a civil law) which is defined as follows: “Whoever, being the husband or the relative of the husband of a woman, subjects such woman to cruelty shall be punished with imprisonment for a term which may extend to three years and shall also be liable to fine. The offence is cognisable, non-compoundable and non-bailable.”

If a woman lodges a complaint of dowry harassment in the nearby police station, the husband, his old parents, his sisters and other relatives would be immediately arrested and put behind bars on a non-bailable term without any investigation. Even if you are not guilty, you will be presumed as guilty until you are proved innocent. This section of Indian Penal Code is non-compoundable (complaint can not be withdrawn) and non-bailable.

Mahesh Tiwary, advocate in Supreme Court, explains the legalities involved, “Under section 497of IPC, cases of adultery cannot be filed against a wife and thus she cannot be prosecuted.” As it stands, this Section makes only men punishable for having sexual relations with wives of other men without the consent of their husbands. Women cannot be punished even as abettors.

What is more shocking is even if after a prolonged legal battle, the husband’s family comes clean, the court does not punish women for filing false cases. Under Section 12 of IPC of Protection of Women from Domestic Violence Act,2005, husband or in-laws can be asked to evict the house if wife feels threatened. Mahesh Tiwary says, “This means that practical ownership of every house rests with wives. Once she decides that her husband should not stay with her, he will have to leave at any cost.”

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-

Monday, April 19, 2010

Succour on the Texas trail!

Vishal Retail has been under the storm for quite some time now. First the debt problem, then the inventory issues and finally expansion plans... Is it even possible for the company to stand on its own? Or is the TPG investment proposal its clarion call?

After struggling for almost two years, Vishal Retail has finally found itself a saviour. The beleaguered retailer would now be acquired by Texas Pacific Group (TPG), a private equity firm that plans to infuse Rs.2.50 billion in it. Further, the business would be divided into two formats namely the cash & carry and retail business. “TPG has given a proposal under the CDR mechanism. However, the outcome will be weighed with pros/cons and the decision post the outcome will be taken considering interest of all stakeholders,” R. C. Agarwal, CMD, Vishal Retail, tells B&E. The retailer has revived, in part, but is it even remotely possible for Vishal Retail to continue on its own? To understand that, let’s go back to how the train of cataclysmic events unfolded:

March, 2008: The Retailers Association of India forecasts an annual growth of 30% for the sector. One of India’s leading retailers, Vishal Retail grows at 100% (y-o-y) with a turnover of Rs.10 billion. But soon the global slowdown hits India and the growth forecast for the sector is slashed to 12-15%. Vishal is debt trapped – an obligation of about Rs.7.5 billion. In fact, by December 2008, Vishal’s expenditure on interest increases by a whopping 137.26% and profit plunges by a horrifying 86%. Speculations are rife that Vishal is the next Subhiksha. June, 2009: Vishal consolidates its back-end and front-end operations. The hard work pays off and finally in Q2 of 2009, business improves. Topline shows signs of recovery with net sales of Rs.2,653.70 million for Q1 2009, an increase of 13.96% from the previous quarter. But the debt challenge still persists.

March, 2010: Vishal’s stock touches an intraday high of Rs.65.25, up by 5%, on speculations of Texas Pacific Group acquiring Vishal Retail (by the time this magazine goes for print).

Phew! … Three years, one retail giant, a slowdown and the ultimate struggle for survival. Though this retailer started its journey three years before Kishore Biyani could set up his first store in 1997, it could not sustain the first mover’s advantage. Raison d’être: Vishal Retail made the one mistake of using short-term debt for long-term growth. But this ‘one mistake’ proved too costly.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

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Friday, April 16, 2010

Assembly polls in West Bengal will reveal that such an arrangement might be good for the state

“But, will Pranab Babu, No. 2 in Raisina Hills agree to surrender that enormous power to become a mere chief minister,” questions eminent political analyst Siddhartha Sen. According to him, “Technically, there is nothing wrong in sharing political power of the state. There has been instances of such sharing in other states. But for that a smooth understanding between Sonia Gandhi and Mamata Banerjee is most important. But, the problem is in Pradesh Congress itself. Pranab Mukherjee does not have much of a mass appeal. He will have to be dependent on his party leaders which may make Mamata Banerjee jittery.”

Eminent journalists like Dilip Ghosh Chowdhury and Amit Sarbadhikari term such an arrangement as ‘hypothetical’. According to Ghosh Chowdhury, “I don’t think this is possible. People of Bengal do not trust Mukherjee so much, not even leaders of his own party. Apart from that, Trinamool is gradually being dragged into conflicts with the Congress. Inner conflicts in Trinamool-ruled panchayats are also coming up. The two parties have virtually no floor coordination in the state Assembly. I will not be surprised if the alliance is over before Assembly polls.”

Journalist-turned columnist Amit Sarbadhikari said, “Such kind of understanding between the Congress and the Trinamool is very much possible. But in that case, both the parties have to carry the same weight. If they secure nearly the same number of seats, then Pranab Mukherjee can be a contender for the post of chief minister. But honestly, will the people of West Bengal accept such a formula? People, who want to bring ‘parivartan’ and who hit the streets, want to see her in control of Writers’ Building.” Secondly, if Pranab Mukherjee becomes the chief minister, he would have to bank upon mostly on Congress leaders like Deepa Dasmunshi, Abdul Mannan et al who have not really proven their worth.

Noted theatre personality Bibhas Chakraborty has been in the forefront of the anti-CPI(M) movements in recent years, since the Singur and Nandigram days. He told B&E, “As a citizen, I do cast my vote for one party or the other. But, a citizen’s responsibility in India ends there. The winning party or alliance will elect its leader who will go on to become the chief minister. So, where is people’s or citizen’s role in the process? A citizen or a voter has no chance to elect ministers. That’s why I feel no urge to comment on this matter. But recently, Mamata Banerjee herself has said that Pranab Mukherjee might be the next chief minister. If she and her allies win the race, they can elect Pranab Mukherjee as their leader.”

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IIPM Editorial, 2009


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

Read these article :-

Friday, April 09, 2010

Central India's largest state is home to 300 tigers

Pachmarhi
Situated amidst falls, caves, valleys and lofty peaks of the Satpura mountains, Pachmarhi was founded by Captain James Forsyth of the British Army in 1857. The place boasts of several sightseeing spots. Priyadarshani is the place where Captain Forsyth was mesmerised by the breathtaking view of the valley. At Handi Khoh, one can get a scary view of the valley beneath from a single rock formation that is 300 feet high. One can sit here and enjoy the sight of the meandering stream. Similarly, Apsara Vihar is a small natural geyser where one can take a dip and feel the muscles relax almost immediately. Rajat Falls is a 350-feet high fall and Dhupgarh is the highest point of the Satpura range.

There are the Pandav Caves where, it is believed, that Pandavas, during their years of exile, had taken shelter for sometime. Jatashanker has the distinction of hiding Lord Shiva when his own creation, Bhasmasur, decided to try his luck on his mentor. Mahadev and Chota Mahadev caves have their own charm and attract a fair amount of travellers. But the ultimate test for the pious is Churagarh which is pretty difficult to reach given its nearly impossible-to-commute road. Devotees come here to offer tridents to Lord Shiva. And the Catholic Church here—built in 1892—is the best example of French and Irish architecture.

Hari Ranjan Rao, managing director of MP Tourism Development Corporation, says, “It is probably the only hill station in central India where one can experience every aspect, right from devotion to nature and from archeological interests to flora and fauna.”

The nearest hill station is Piparia on the Howrah-Mumbai main line. One can take a taxi or bus from there. The closest airport is Bhopal where one can hire a cab or take a bus to Pachmarhi. The place boasts of several hotels and guest houses by MPTC.
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Source :
IIPM Editorial, 2009


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

Read these article :-

Outlook Magazine money editor quits
Don't trust the Indian Media!