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!

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Source :
IIPM Editorial, 2009


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

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Friday, April 30, 2010

A report from Orissa

The misery of Kannama Bhumiya is no less than that of the Bardhans. She lives in a half-built concrete house covered with tin sheets in Gaudaguda, a small tribal hamlet four km from Malkangiri. The house was being built by Kannama’s husband, Sudarshan Bhumia. The latter was one of the police casualties in the landmine blast at MV126 village. Kanamma is facing the same problem as Mase and Manini. Though she has already got the compensation and insurance, she is still struggling to secure a plot of land and a job.

However, the story of Prabhati Mishra, wife of late Reserve Inspector Sarat Chandra Mishra, is quite different. More than for her own survival, she is struggling to keep her husband’s dream alive. Inspector Mishra had started a free school for tribal students. Prabhati is doing all she can to keep the school going. But government procedures have become a big hurdle. Forget the promises about land or job, she is yet to receive any gratuity or family pension, that too after meeting and requesting the chief minister more than once.

Why are the widows and orphans of slain policemen treated with such insensitivity? Manmohan Praharaj, director-general of Orissa Police, says: “We are providing compensation immediately to the families of the policemen who have lost their lives in Naxal attacks. About land and job, it’s part of a process. But yes we are looking into the matter and trying to find out any lacuna if at all it’s there. However, a few legal issues are also involved in this process. The processes are taken care of quite quickly in those districts which were announced as Naxal-infected, but in the other districts, the work becomes a bit time-consuming. But this is by no means deliberate.”

Try telling that to people like Mase or Manini or Jayakrishna. They will, given half a chance, tell the people who call the shots exactly what is going wrong. But is anybody willing to listen? Insensitivity is the norm and brave young men are used simply as cannon fodder in a war that probably has no victors.

The battles the families of fallen heroes have to wage to get their dues are just as hard as the ones the jawans deployed to protect the country’s internal security are engaged in day in and day out. Given the callous manner in which the government operates, can the widows of the martyrs ever hope for a better deal?

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Source :
IIPM Editorial, 2009


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

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Wednesday, April 28, 2010

Is homeschooling a viable recourse from the culture of rote pervading our education system?

Can such children – vulnerable as they sound – ever prove to be a threat? The fear of creation of a parallel society is the reason that governments of various nations quote for banishing homeschooling by law. One such country is Germany where the illegal status of homeschooling recently led Uwe and Hannelore Romeike to leave their home country – with their five children – and seek political asylum in USA through Home School Legal Defense Association (HSLDA: A US-based non profit organisation dedicated to this cause for over 25 years). Mike Donnelley, Staff Attorney, HSLDA, reveals, “Homeschoolers in Germany are fined many thousands of dollars, criminally prosecuted or have their children possibly taken from them. The govt. claims that they have ‘an interest in stamping out parallel societies.’ They say that the state has an equal responsibility in raising children and that schools are necessary in order to bring children up with the "democratic values" of the new German state.”
In India, there are no specific diktats on homeschooling, apart from the “free and compulsory education for all” provision in the constitution, now bolstered by the recently passed RTE Act. “Every state has its own rules with regard to schooling, but homeschooled children can pretty much join regular schools any time they wish. If they want to continue with homeschooling, then they can complete their high school (10th grade) from the National Open School. The certificates from this organisation can be used all over the country to join colleges for courses thereafter,” explains Chetana.

The pedants call homeschooling a utopian dream – where socialisation, conflict management, ability to deal with competition and other life skills can never be achieved. Mike dismisses notions of socialisation that have to do with staying “cooped up in a classroom with 20-30 children of their own age for 6-8 hours a day”. Sandhya agrees, “The fact that a child is being homschooled doesn't mean that he is at home 24x7 and doesn’t meet other children. In fact, we find more time for him to meet people from different walks of life now than we did when he was at school and the only people he came in touch with regularly were his classmates, teachers, friends and us. One thing he might miss out on is the 'sense of competition' in the classroom. And my viewpoint is that I'd rather have him work well as a team rather than try to compete with someone.”

Looking back at one’s childhood days, the possibility of spending some years studying at home and some in school creates an overwhelming urge to be home – and young – again. But as a parent, the dream may turn into a terrible dilemma. The end of shaping well-rounded and sensitive citizens is certainly a matter of formidable responsibility, after all…
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Source :
IIPM Editorial, 2009


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

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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.
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Source :
IIPM Editorial, 2009


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

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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.”

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Source :
IIPM Editorial, 2009


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

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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.

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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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Source :
IIPM Editorial, 2009


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

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Tuesday, April 13, 2010

A Samoan Sojourn

Milton Berle once said, “Laughter is an instant vacation…”, but for those who like to smile in the sweet surrender of pristine beaches, especially if surrounded by palm-fringed tropical gardens and facing the South Pacific Ocean, there is the hidden paradise called Samoa. A Samoan holiday can be as relaxing as you want it to be with each wonder unfolding at the pace you desire. From the sun-kissed beaches of Upolu to the wild experience of the Pacific life in Savai’I, Samoa has it all, and in good measure too.

The OLe Pupu-Pu'e National Park is one of the major attractions at Samoa offering the adventurous wild angle to one’s vacation along with picturesque views and exquisiteness in its own way. The OLe Pupu-Pu'e is probably the only national reserve which stretches from the highest peak of Samoa, Mt Fito, and lunges up to the volcanic tip of Mt Le Pu’e. Towards the south of the park is the rugged O Le Pupu Lava Coast and its entrance is near the Togitogiga recreation reserve, which lies just outside the park to the east.

One could head for an unparalleled hiking experience right opposite the O Le Pupu Lava Coast and also meander through the thick rainforest to the Pe'ape'a Cave. The Cave is actually a lava tube and is worth exploring for all, especially those with an inclination towards archeology. This adventure trail may seem lucrative but is equally dangerous due to mossy and rather slippery rocks.

Another archeological favourite is the island of Savai’I, probably one of the largest islands in Ploynesia remarkably nestled away from the hustle-bustle. It is known for Afu Aau falls, Pulemelei Mound and the Lava Field. Plunging into the refreshing waters under the Afu Aau falls or watching coconuts scrape the sky at Alofaaga Blowholes, in Savai’I there's no end to the fun unless you want it so.

Samoa also has promising literary roots and Upolu caters to those yearning to breathe in the literary surrounds of the charming Robert Louis Stevenson Museum. Upolu’s Palolo Deep Marine Reserve is another tourists’ favourite, where your eyes might take a while to adjust to the techno-coloured coral depths of the azure waters, but the resultant experience is rather soothing and mesmerizing... almost magical.

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Source :
IIPM Editorial, 2009


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

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Monday, April 12, 2010

In all the talk about globalisation

This robust growth is also attributed to unique selling strategies of the developers to achieve profitability and maintain steady cash flows. Says Kamal Taneja, MD, TDI Group, “We are catering primarily to the mid-market segment and have therefore priced our product to suit the needs of the customers.” In various regions like Kochi, as prices of the urban land sky-rocketed; developers moved to villages where land value is less and applied a new village-oriented business strategy. For other established players like M-Tech Developers, the strategy has been a healthy mix of a strict monitoring of the Price-Value matrix of offerings and periodic progress information. According to Manoj Swain, DGM of a local real estate company Trisat in Bhubhaneshwar, small real estate companies are basically dependent upon the local broker who sell properties on their behalf whereas medium sized companies appointed some youth as marketing executives on a salary and incentive basis. Favouring the fortunes of regional players is also the changing profile of the customer base. Says Mittal, “After witnessing a spurt of speculative buying with an aim to take advantage of the arbitrage the sector offered, property is now being bought to serve the personal investment criteria of customers.” Customers want to be early occupants and are looking for apartments that are affordable (Rs.20-30 lakh), aspirational, in good locations and well-connected with infrastructural back-ups.

“I believe,” asserts Taneja of TDI Group, “that real estate is fundamentally a regional industry.” As per a report by Jones Lang La Salle Meghraj, 307 million Indians live in 3,700 towns and cities across the country and account for 30.5% of the population. Being regional helps the developer understand customers better. Just like media, the realty sector is seeing a boost in fortunes of regional players. In the coming pages, we bring you field reports from six strongly emerging regional centres. Undeniably, glimpses of the future of India’s realty abound in these reports.

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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!

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.
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 :-

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