Showing posts with label IIPM Ranking. Show all posts
Showing posts with label IIPM Ranking. Show all posts

Monday, July 29, 2013

The ugly duckling

He sat by the tracks and felt the line come to life. The rail road quivered, excitedly. And in his little toes, he felt the same excitement as the distant rumble rolled closer. He put down the diary in which he was giving words to his angry tears and got to his feet. The ballast poked and pricked at his bare feet but he couldn’t feel any of it.

The green engine loomed into view, and charged towards the boy like a ravenous monster gobbling up the horizon. The boy, turned and looked at the train, and from the fire in his eyes, you could tell he had been waiting… for this day, and for this train.

The train too seemed to know its nemesis. As it came closer, it picked up speed, as if sure of victory. The boy though was tired… tired of being picked on… picked on for being too scared, too fat, too slow, too dull and for being too black. He swore it would all end today.

The train drew near and was nearly upon the boy when those bare feet struggled against the ballast and propelled his tiny form forward. The diary, the stubby pencil and all that remained of his inhibitions were flung into the bluebells by the tracks as his arms carved the air like a buccaneer waving twin cutlasses. The train thundered past the boy as he turned his head from side to side in a desperate attempt to pick up speed. Blur against blur tore through the country side. The train was crashing towards the opposite horizon but the boy had an old oak standing in his path. As the oak drew near, the boy calves beat down on the dirt like pistons, his nostrils flared and eyes narrowed as he drew level with the train. For a frozen moment, engine and boy were locked in a frame, and then the boy inched ahead. The boy’s head turned as he pulled away and the fierce eyes took in the victory. In that moment, the boy returned to those eyes and as he sprinted past the oak, he broke into a wide grin. It was his first victory but it wouldn’t be his last.

The train would lose many more times, and years later, still fuelled by the hurt and anger that burnt up a childhood, Herschel Walker would trample down defensive line-men like a rogue bull-elephant crashing through a brittle bamboo fence. As a shy and timid child in racially charged Georgia of the 70s, he was often beaten up by white kids. He had a speech impediment and was ridiculed for it by both students and teachers. He was too fat and slow to be any good at sports.

Then one day, he started racing the train. He raced and raced till his legs hurt and his lungs burned and the day he won, he refused to ever feel fear again. While watching television, he started doing pushups during commercials. And he ended up doing thousands of them. Pushups, sit-ups, dips, hundreds even a thousand, each day. And he ran. He even tied a rope to a tyre and pulled it as he ran.

Young Herschel came from a poor family, and his school had no gymnasium to speak of. He was un-athletic and weak. But he let none of it get in his way. Within a couple of years, Herschel had become one of the quickest and strongest boys in school. No one picked on him now. But they did pick him for the football team. And college football in the United States, just so you know, is perhaps the pinnacle of amateur sports. The stands are always full and the best players are the biggest celebrities in the state.

Years later Herschel had said that he did not hold anything against the white boys who had heckled him, nor for the racist slurs or the constant taunting, for he said he realized that they are the ones who had problems. And they just took out their problems on weak and meek little Herschel. But it is they who fuelled the fire that forged Herschel Walker as we know him today. When he talks about them now, Herschel almost sounds grateful.

But those days in school, Herschel took out all that repressed anger in the football field. He was just too fast and too strong for the opposition. Colleges queued up for him and at the University of Georgia, Herschel found immortality. He became the biggest name in college football history and broke records and bones each year to win the Sugar Bowl for his college and the Heisman trophy for himself.  And while playing football like a pro, the ‘stupid black kid’ had also studied hard and smart to become a valedictorian.
The freight trains he raced as a child had come back to haunt those who stood in his way, for Walker would charge through line ups like his old racing partner.

Though a Hall of Famer Herschel didn’t quite win the same honours in the senior NFL (National Football League). That wasn’t because of Herschel’s lack of trying though. He still continued to break records as a running back. But the teams he played for just weren’t good enough those years to make good on Walker’s enormous talents. In 1997, Herschel Walker retired from football. Some would say his career did not attain the stratospheric heights his talent and power truly deserved. But Herschel would tell you that he soared further and higher than he or anybody else ever thought that timid little kid would go.

But why am I wasting your time over a retired football player? And that too the kind of football we neither play nor watch. Well, that’s because a few days ago, while preparing for a local martial arts tournament, I went to YouTube looking for videos of Fedor Emelianenko (for the sacrilegious few who don’t know who that is, Fedor is the Muhammad Ali of mixed martial arts -MMA) for inspiration. And there I ran into videos of a 50 year old Walker who had now started competing in MMA, fighting fighters half his age and winning.

Look around you. That man is in mindboggling shape at 50, far ahead of where most of us have ever been or will be, and therein simmers the purpose of this tale.

Herschel Walker doesn’t go to a gym. He doesn’t eat any fancy foods. In fact he just eats once a day. While in college he was too busy working, playing, studying and training to think about eating, and so the habit stuck. He might have a fruit or some water through the day but at night, around 8 or 9 pm, he has soup and salads and a little something to eat, but not very much. And no red meat… in fact not much meat at all. Incidentally, even our ancient yogis recommend eating just once a day.

And as for exercise, Herschel still cranks out 1500 to 5000 push ups and sit ups every day. And some handstand push ups to wrap things up. Then he runs, sometimes with a tyre, like he used to all those years ago. And he wraps it all up in the wee hours of the morning.

 Herschel doesn’t just look young. He fights like a young man too. Herschel’s cardiovascular fitness would rank higher than most athletes half his age, or for that matter, any age. That man seems to have the fountain of youth burbling inside him and all you just read seems to be all you need to do.

Strength, especially in the upper body, usually is the last to go. Which is why most of us who have gently crept past our mid 30s and are living out our lives doing little more than swiveling in a chair never find out how unfit we have become till we have to run a few paces in an emergency. Panting for breath, we resolve to renew that gym membership, but unfortunately that’s all we do – renew the membership, not our lives.

But Herschel’s life tells you that you have no excuses. That no matter how ugly the start today, there’s a gorgeous swan flapping its wings inside us, waiting to soar... All we need to do is build a  little will and take off from our perch.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman

ExecutiveMBA

Monday, June 3, 2013

Fighting the Hunger pangs

Scams in ICDS projects can ruin India's human capital

When on the one hand India is adding to its indigenous list of billionaires in Forbes’s list and other journals it is also increasing the count of hungry children that is such an embarrassment for a country of extremes such as ours. Worse, the money allocated to mitigate the malaise is being diverted and misappropriated by the vested interests involved. It’s a worst form of socio-economic malady and a shame for the nation that should have raised the eyebrows of our institutions and administrations – but it didn’t!

India’s Integrated Child Development Services (ICDS) has been unable to stem the rot in the system and must be revamped. It must be revamped because it is not armed with the power to monitor the government’s role in fund utilization. The funds released by the Central government are often misused by the states, denying the children the benefits of ICDS schemes. The worst offenders are the governments of Bihar and Jharkhand that through a nexus of politicians and bureaucrats diverted funds meant for nourishment of impoverished children. The mid-day meals are denied to school children and finances for the same are diverted to the fat pockets of the stakeholders! It has been a practise that has plagued not only to the two states mentioned but has been prevalent across the country in varying degrees. There are allegations of audit mismatch in the internal function ICDS too. The audit report notes that Rs.57.82 crore is diverted to the non-permissible schemes of ICDS in five test-checked states. There are further reports of fund diversion to the tune Rs.70.11 crore that have been parked elsewhere. The reports of poor infrastructure to deliver the schemes only add to the problem – 61% of the test-checked anganwadis in operation under the ICDS do not have a proper building of their own and 25% manage it through covered shelters. The unsettling effect continues with the vanishing medical kits in 33-49% of the anganwadis due to failure of the state governments in spending funds released by the Centre. Also 26% of the children’s weighing machines and 58% of the adult weighing machines failed to make it to the centres. The essential utensils required for providing supplementary nutrition to the beneficiaries are also not available in many places. A new survey conducted by Citizen's Alliance against Malnutrition and the Nandi Foundation drives home the shocking reality check that despite India’s economy tripling since the beginning of this century, the level of child malnutrition has not dropped. More than half of all child deaths are associated with malnutrition, which weakens the body's resistance to illness. The Nandi Foundation survey revealed that 42% of Indians under the age of five are underweight – a manifestation of inadequate nutrition.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman

ExecutiveMBA

Tuesday, May 28, 2013

Afzal Guru retrospective

The main Parliament attack accused on the death row talks in a wide ranging interview to

In the petition for reprieve, generally referred to as mercy petition submitted before the President of India, prime Parliament attack accused Afzal Guru has likened the story of his life with the story of hundreds of Kashmiri youth, especially those still behind bars. In his estimation, their anger, pain and anguish is still not understood by India. Kashmir is a holiday destination for most Indians who love the land but perhaps not its people. They don't know that for the young generation of Kashmiris, it has meant living with daily fears of arrest, torture and death. Afzal Guru says he comes from a very poor family. His father died when he was young and his elder brother Aizaz brought him up in the fond hope that the younger sibling would become a doctor. Guru was in the first year of MBBS when the Kashmiri youth began its so-called armed phase of their movement for self-determination. It was during those heady days that he joined the movement and crossed over to Pakistan. However, disillusionment set in when he realised that both India and Pakistan were using the restive Kashmiri youth as pawns in their respective politics. In 1993-94 he surrendered to the Border Security Forces (BSF). Post surrender, life became a misery as he was looked down upon and loathed as a traitor to the cause from his own people. On the flip side, the government's Special Task Force (STF) ensured that it did not allow a surrendered militant to live a normal life of dignity because for them, he was to be used as an informer. The STF would call him and other surrendered militants in the camp to beat, torture and humiliate in an effort to turn them into informers. Even though Guru was no longer with the movement, he did not wish to be an informer. Torture included stripping, being hung upside down, petrol being poured down his anus and him being put into freezing water in the bitter Kashmir cold. Guru has gone on to claim that his genitals were given electric shocks and he was flogged without mercy. Afzal now says those were officers who introduced him to a certain Mohammed, who later turned out to be one of the Parliament attackers. He had no choice but to accompany Mohammad to Delhi. The rest is the story of the Parliament attack case. In this exclusive, wide ranging interview Afzal Guru talks about his life, case, tribulations and philosophy

Omar Abdullah, chief minister of Jammu and Kashmir, has said that if the Jammu and Kashmir assembly also passes a resolution on the lines of the Tamil Nadu assembly, the reaction would not have been as muted as it was in the case of Tamil Nadu. What do you say on this issue?
I want to say that I had requested the government in Delhi to transfer me to the Srinagar jail so that I could be nearer my family. My old mother, wife and my minor son find it very difficult to meet me in Delhi. For a 30-minute meeting with them once a year, they have to undergo unimaginable hardships and mental agony. The bus journey is 24 hours one way. If I am in Srinagar jail, it can help reduce their misery. Delhi replied to me in writing saying that the state government has not given its consent for my transfer from Delhi to Srinagar jail. I do not understand why the J&K government has opposed my transfer to Srinagar jail. There are many accused in Jammu and Srinagar jails who have been charged with more serious offences. If Omar Abdullah is concerned with my plight, he should not have refused to accept me in Srinagar Jail. I do not desire nor need J&K assembly resolution nor am I concerned with this process.

Omar Abdullah says he has received no such request for your transfer from the central government.
In Tihar jail, I received two letters from the home ministry dated 20.05.2010 and 1.7.2010 informing me that the J&K government had rejected my application and had not given their consent for my jail transfer to Srinagar. In view of this, the Delhi government also rejected my application. To challenge this dictatorial and arbitrary decision, I approached the Supreme Court through its legal aid committee. The Supreme Court has issued notices to both the Delhi government and the state government. More than seven months have passed and my case has been adjourned four or five times but till date I have received no reply to my petition. My case has been reported in newspapers. Why is Omar Abdullah not responding to notices of the Supreme Court and clarifying his stand regarding my transfer application?

I am passing my days in very humiliating conditions. There are many restrictions on me. I am not afraid of hanging. The Tihar jail administration has virtually converted prisoners of high security wards into animals who are kept in cage-like-cells and thrown food to live. There is no liberty to play sports or go to the library etc. No fruits or cooked rice are allowed even from the family on the mulakat (meeting) day despite a flurry of high tech x-ray, metal detector machines. The conditions of high security prisoners is pathetic. In the name of conducting searches,  Tihar's security guards enter into cells at any time, searching private parts of the body in a crude and harsh manner. The constant day to day searches traumatizes and agonizes prisoners, their mind and their heart.

What grounds have you mentioned in your petition for reprieve (mercy petition) submitted to the current President of India?
The only charge against me was that I helped the attackers in getting accommodation for staying in Delhi and that I went with one of them to the market to purchase a car which was used in the attack. Only on the basis of such circumstantial evidence I was held guilty. The settled law is that an accused is not liable to death penalty for such side roles in the offence. From the very beginning I never denied the role played by me in the Parliament  attack. Even respected session judge S.N. Dhingra said in his court that Afzal is truthful. But no one has accepted or believed the other part of the story, the one about barbaric state terrorism played and perpetuated by the government of India through its security forces, especially the STF and Special Operations Group (SoG). This state terrorism is creating and cultivating persons like Afzal everyday by pushing innocent teenaged students behind bars under draconian laws like the Public Safety Act (PSA). So long as there is state terrorism, such attacks cannot be stopped. The government of India is converting Kashmir into mini-Afghanistan. Presently the situation in Kashmir is dormant and potentially like in Afghanistan. This volcano can erupt anytime. This is not a threat but a concern for the people of Kashmir as well as for the people of India. Kashmiris were never against the people of India. It is the policies of the government that have alienated the Kashmiri people. The solution lies through Kashmir, not through Pakistan. By talking with the Pakistan government and some separatist political jokers who have been rejected by the Kashmiri people, the government of India is wasting its time and worsening the situation in Kashmir. Presently there is only one reliable leader, that is respected Syed Ali Shah Geelani saheb who represents the feelings and perceptions of the Kashmiri people.

There are some news reports which say you have written a letter to Geelani, that it was a mistake on your part to submit the mercy petition, and that you want to be martyr?
Yes I have written such a letter to Geelani saheb. But the very word ‘mercy petition’ is a misnomer. In Article 72 of the Constitution of India, under which so-called mercy petition is submitted, the word ‘mercy’ is not mentioned at all. In the article, the words mentioned are ‘pardons’, ‘reprieves’, ‘respites’ , ‘remissions' of punishment to which a convict is entitled to claim if he feels that he has been handed out a wrong punishment. It is a constitutional right given to every convict. I did not seek any mercy but claimed a constitutional right for granting me reprieve/remission because I strongly feel that punishment of death penalty given to me is wrong. Since S.A.S. Geelani saheb is an honest and reliable political leader with both moral and political clout. Geelani saheb is neither a hard-liner nor radical or unreasonable or impractical. Geelani saheb’s insistence on UN-resolutions is the bottom-line which he has already agreed to leave but the government of India's arrogance and rigidity is worsening and drifting the Kashmir conflict towards unending instability and turmoil in this region.

Why is the issue of your death penalty taking a political colour?
My death sentence is a political issue. The hon’ble Supreme Court in its judgment has stated that the collective conscience of the nation will be satisfied only when I am given the death penalty. Judgments in courts are given in accordance with legal principles and not on the basis of feelings and conscience of the people. Only khap panchayats do so. The people in Kashmir are annoyed because the Supreme Court has ignored the feelings and conscience of the people of Kashmir.

What would be the consequences in Kashmir if you are hanged ?
My hanging would worsen the situation in Kashmir. The people there look upon my punishment as part of the repressive policies pursued by the Indian government in Kashmir. There was no militancy in Kashmir till 1984. But after the hanging of Maqbool Bhatt in 1984 in  Tihar jail, the resentment of the people of Kashmir against the Indian government grew stronger and militancy took roots and flourished.

Have you written anything about your jail experiences and your long wait for hanging?
Not yet, but I want to.

It was reported that a Tihar jail superintendent has written a book on you and some parts of it have been published by a magazine. What do you have to say in this connection?
In the past I had discussed and debated with the jail superintendent on topics like religion, spirituality, the Kashmir dispute etc. He had recorded these things in a booklet form in English and has taken my consent as well. I don’t read Hindi. I would say that instead of distortions, he must come with the book written in English where we have talked about occupation by the Indian military, constant terror and the traumas of innocent Kashmiris.

What do you have to say about the bomb blasts at the Delhi High Court ? Your name has cropped up in some e-mails sent by some militant groups.
I have already issued a statement in this connection through my counsel N.D.Pancholi. I have condemned the blast as a barbaric and cowardly act. No religion permits killing of innocent persons. Such cowardly and inhuman acts must be condemned by all. I am disturbed that my name has been unnecessarily dragged in this connection. Some agencies/groups are playing dirty games by falsely involving my name. This is not for the first time. It has become routine that whenever such blasts take place, my name is sought to be dragged in, in order to malign me, to cultivate public opinion against me.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman

ExecutiveMBA

Sunday, May 26, 2013

Movie Review: Race 2

Cold turkey, anyone?

Meant to be a pulsating “race to the finish”, it gets nowhere at all. Race 2, a slapdash sequel to the 2008 smash hit, gets caught in a snare of its own making and goes round in concentric circles.

The directing duo of Abbas and Mustan obviously do not believe in half measures. Their film is a crime drama so full of bizarre straws in the wind that they could fill up an entire barn and still spill over.

They actually do. Excruciating excess is the name of the game. Race 2 takes all of two and a half hours to huff and puff its ham-handed way through a graveyard of dud ideas where a full load of inanity goes head to head with a whole heap of banality. The result? You’ve guessed it: an absolute wreck.

Much of Race 2 – utter cock and bull – unfolds in Istanbul. Nattily attired men jump off cliffs, ledges and precipices in hot pursuit of each other and always land on their feet, not a hair out of place.

These moronic blokes not only live to tell the tale, they also get the chance to sport well-tailored suits, ride around the place in snazzy cars, and woo pretty girls only too willing to cling to the first available dangling arm.

Race 2 attempts nothing at all that could set it apart from the prelude. The directors are obviously in awe of the Hollywood rip-off that they foisted on Hindi movie audiences five years ago and made a neat pile of cash in the bargain. So the follow-up delivers more of the same and that, as you can imagine, translates into quite a nightmare.

None of the embellishments – songs, dances, chases, comic relief – can provide any amelioration.

Some of the characters in the old mix were duly bumped off in Race; one more is eliminated in a car bomb blast early in the sequel. The latter incident, which takes place purportedly in north Cyprus, sends conman-protagonist Ranveer Singh (Saif Ali Khan) to Turkey in search of the bad guys responsible for the heinous act.

In Istanbul, the hero encounters Armaan Malik (John Abraham), who lives in a garish mansion so sprawling that it could be mistaken for a resort. There are only two things he loves – money and women, strictly in that order.

Constantly by his side is his half-sister Elena (Deepika Padukone), a sweet assassin who can kill with a gentle sway of her hips, and a girlfriend named Omisha (Jacqueline Fernandez), as adept at archery and fencing as at the act of seduction.

As it transpires, all that the ladies – including a cleavage-flashing Ameesha Patel playing dimwitted Miss Kitty to Anil Kapoor’s eccentric Karamchand – succeed in doing is to reduce it all to a big, bad, bloated joke. Desperate to make a fast buck, they only make a sorry spectacle of themselves.

Their predictable conspiracies turn terribly tiresome after a point and the audience ceases to care which of the Kilkenny cats actually gets the cream. The cream is overly whipped anyway, so it can only be stale and sour.

Read more.....

Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman

ExecutiveMBA

Sunday, May 5, 2013

The scope for resettlement and rehabilitation

Even after much delay over a controversial bill on land acquisitions, the same questions over the extent of required consent and the scope for resettlement and rehabilitation continue to obstruct the creation of a sound law

Even otherwise, it has been observed that the bill has been heavily diluted. “It is extremely unfortunate that putting aside every possible democratic precedent and institutions, progressive pronouncements of the Supreme Court, the UPA government is bringing a law to legitimise forcible acquisitions by the government for private and PPP projects in the name of development,” says Medha Patkar, leader of the National Alliance of People’s Movements (NAPM). NAPM’s opposition to the bill in its current form, is based on the fact that it fails to accommodate key recommendations of the Parliamentary Standing Committee comprising members from different political parties. The standing committee on land acquisitions has said that no acquisition should be allowed for private and PPP projects. “Small benefits like a house plot to those displaced are being taken away by increasing the time of residence from three years to five years prior to displacement,” said NAPM in September. It further pointed out that a separate legislation on urban evictions and displacement was the only way out.

Reportedly, Jairam had convinced Sonia that the new Bill has the best Resettlement & Rehabilitation (R&R) package as it covers families of all farmers, landless and livelihood losers who have resided in the area for five years or more with a house or one-time financial grant in lieu thereof plus annuity of Rs.2,000 per month per family for 20 years, adjustable to inflation, or employment. However, the UPA chairperson is said to have insisted that the broad contours of the bill drawn up by the National Advisory Council were in public interest and should not be rejected ‘because of lobbying by the vested interests’. Other dilutions in the bill from its earlier form include compensation of four times the land value and not six times as proposed earlier. Land size thresholds on private purchases have also been left to the discretion of states instead of the 100 acre in rural and 50 acre in urban areas decided earlier.

Rajagopal says that the biggest problem with the bill is that it refuses to see the sufferings of the people. “It is more progressive than the first one. But again, it is not a land redistribution bill, it is a land acquisition bill. That is my problem – without considering land redistribution as a major agenda, the government is acquiring land for industry,” he says.

Recently, a group of farmers, who met the rural development minister also sought stringent provisions for acquiring farm land. Disappointed with the watering down of the draft of the bill by the GoM, the farmers who had come together under the banner of Kissan Mahasangh, said that while initially, land owners had given up surplus land to the landless immediately after independence to help establish a social set up with equitable assets and opportunities, it was ironical that laws are being made to facilitate accumulation of thousands of acres of land by private companies and individuals. “Over 300 SEZs have come up on the fertile land of farmers who have not benefited from them in any way. As per the Ministry of Finance the nation has lost over Rs.1.63 trillion in revenues till 2010,” the delegation has claimed. That the delegation has also objected to the acquisition of land for private companies; creation of land pool of unutilised land and leaving the decision of the calculation compensation of land vague, was confirmed by Devinder Seharawat, the co- convener of the Kissan Mahasangh.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
BBA Management Education

Thursday, May 2, 2013

“Government is positive”

Rakesh Mehta Assistant Research Manager, Fullerton Securities & Wealth Advisors.

B&E: Much was expected from the EGoM. But with just 23% slash in the reserve price, what are your thoughts?
Rakesh Mehta (RM):
Telcos were expecting drastic reduction in reserve price for the 1,800 MHz spectrum by around 80%. But in the EGoM, the price was reduced by around 20% to Rs. 140 billion for 5 MHz spectrum. I think the major reasoning was the flexibility given to the operator to pay the stated amount in 10 years and in instalments (operator needs to pay one third of the amount in the first year, followed by a two year moratorium and the balance over the next seven years). Moreover, the operators are free to offer any service on this spectrum (mobility service, data service et al), mortgaging of spectrum et al.

B&E: What are your expectations on the upcoming auction?
RM:
The top five operators have seen a decline in revenue per minute over the last two years. Moreover, due to 3G auctions, balance sheets are too leveraged with very less option to raise additional loan at attractive costs. Telcos planning to participate need to work on the pricing and business model. There will be pressure from incumbent operators that they will overbid for the spectrum so that it is unviable for new operators. On the contrary, incumbent operators will have to be ready to pay higher charge for spectrum re-farming. The government is confident that the auction will be successful even at a reduced base price of Rs. 140 billion as some telcos have hinted that they will bid aggressively, taking the final price to Rs.200 billion.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles

 

Wednesday, May 1, 2013

“There is no problem in power generation in India!”

Dipak Dasgupta, Principal Economic Adviser - Ministry of Finance, in an interview with Sray Agarwal and Ganesh K Roy, on reforms for infrastructure and transport

How do you feel about the Indian Economy right now?
Dipak Dasgupta (DD):
There is no doubt that the Indian economy has slowed down and the reason for this is a function of strategy failure and that the investors have lost their confidence. The last year scenario also has not been favorable; but this is not a new thing rather it’s the investment cycle which remains in every developing economy all around the world. That [investment cycle] is what drives the course of any economy. At the same time, the problems in Europe and US have hampered the growth of many countries and we are not alone. China too is going through this phase. The last time we had that cycle was in the year 2008. Export markets are growing very badly. We also need a logistics revolution so that growth can been accelerated. Despite having poor infrastructure, we have been able to grow at such a high rate; but now we need a major infrastructure revolution so that we can again reach to the erstwhile levels. Ours is a large landlocked country, which is much like a continent; so we need to connect all the corridors to achieve better growth. But we don’t have that kind of a system right now in our country. We have a young population which will help us to grow in the long run. We need more public private partnerships in India to make things better. There is a huge skills gap between public and private firms – which makes it imperative for the PPP model to flourish in India. We are in a marathon race and not in a 100 metres race; so we need long term plans which will enhance our economy. 

Power failures, time overruns, cost overruns, are the indicators of structural flaws in the economy. How do you think India can overcome these hurdles?
DD:
Power generation is growing at 8.8 % in India. In fact, contrary to the general perception, there are huge power plants coming up in India; this shows the level of development that we are going through. Yes, here we have a system where some states are producing huge amount of power and some are not and the demand is also not equal in each state. There is no problem at the production end; rather, we have a problem at the distribution end and in the channels. We have built a state of the art facility in the field of power generation so there is no problem at the generation part.

But the slowdown did not happen overnight. Do you think the government’s policy paralysis added on to this situation?
DD:
We need to do things every day because doing things once in a year won’t do well for any economy. We need to bring in reforms every now and then so that the growth story is kept on going. In the government sector, incentives are less and performance parameter are also not standardized. Politicians respond to what the electorate wants. How to make the public sector work better is the challenge. A strong leadership is the need of the hour.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 

Tuesday, April 30, 2013

Busting the India vs China myth!

Comparing India with China, and looking to grab a few brownie points here and there, is a popular obsession with Indians in the past few years. But after Visiting China several times in the past and looking at how the Chinese have developed their economy and built world class brands, the entire debate only appears an exercise in futility

My visit to the Middle Kingdom over a decade back convinced me that New Delhi would not evolve into a Beijing if we worked round the clock for 25 years. When I revisited the capital city last year, I could see the accomplishment of 25 additional years of progress in ten years!

The reality of the unending Chinese miracle hit me harder when I looked at how Guangzhou has developed in just over the past decade. It seems we won’t even reach that level if we work round the clock for another 50 years. When I see how China developed Guangzhou as its industrial hub and how India developed Bangalore at its IT hub (both commenced their ascent at around the same time in the early 1990s) it appears to be a tale of two attitudes, rather than cities. By sheer numbers, the PricewaterhouseCoopers’ Global City Ranking Index for 2010 shows Guangzhou ranked at 44 with a GDP of $143 billion, while Bangalore is ranked much lower at 84 with a GDP of $69 billion.

For over much of the past decade and counting, the ‘India vs China’ debate has persisted across several levels. Both western and Indian media (for their individual reasons) have been particularly boisterous and over-the-top with this comparison on several grounds; and have picked up every possible opportunity to take it up. This was visible, for instance, when US Secretary of State Hillary Clinton came over for a visit and commented on how India should aspire for a parallel role in the region, or when it was being predicted by some economic reports that India’s GDP growth rate would outpace China by 2013-15. From my perspective, all that this debate can realistically provide is a generous daily dose of rollicking entertainment! India may have merited a comparison with China a decade and a half back, but we have crossed that bridge long ago. You may call this assertion unpatriotic, and it is quite obviously unpopular with Indian readers; but this is the plain truth.

Coming back to the two cities I talked about, there are many more surprises in store when you look further into the intricacies of Guangzhou’s numbers. Around 2.5 million women are working in the city, and the employment rate for women has surged three-folds to 70.84% in a decade. Life expectancy for women has risen by 4.5 years to 81.33 years and 49% of graduates are women, who are actively playing their role in sectors like science, technology and education. At around $17.8 billion (2010 figures), the city’s FDI figures are over six times that of Karnataka at around $2 billion (2008-09 data, of which Bangalore would presumably have a major share). The visionary Chinese specifically chose a port city to take advantage of sea trade. Also, the government strategically divided the city into multiple special economic zones to further attract foreign investment. For instance, The Guangzhou Economic & Technological Development Zone caters to technological manufacturing and also serves chemical, electric machinery, food, electronic equipment, metal fabrication and beverage industries. The Guangzhou Nansha Export Processing Zone is meant for automobiles, biotechnology and heavy industries. Easy access has been provided to Shenzhen Port and Baiyun airport to ensure fast movement of goods. The four auto companies in Guangzhou, who are in JVs with 50 major global auto companies, were on target for producing 1000000 cars by 2011. Bangalore, meanwhile, has insensibly avoided division of the city into special manufacturing hubs. Some areas like Inner Ring Road (where we have offices of major multinationals like IBM, Microsoft, Dell and Yahoo!) have become clustered zones for specific industries, but not by design. Also, there are no specialised trade zones in Bangalore, so synergy is hard to achieve.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
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Saturday, April 27, 2013

Marx, Lenin, Mao, Castro... R.I.P.

It was touted as the grand idea that would secure the future of societies for generations to come.What went wrong?

Che Guevara, in his famous book, The Motorcycle Diaries, wrote, “I knew that when the great guiding spirit cleaves humanity into two antagonistic halves, I will be with the people.” Che surely would have been surprised by how difficult that so-called ‘communist’ choice has become in today’s world! In fact, communist regimes across the world often seem far more anti-communist in nature than the real anti-communists! Karl Marx, the father of communism, who proposed, “From each according to his abilities, to each according to his needs,” would have been loathe to see his ideology so ruthlessly destroyed.

Well, the communist ideology that strives for an equitable State seems pristine on the face of it. Sadly, historically, communists across the world have more or less used the guise of communism to in reality maintain dictatorial rule. Neither would have Karl Marx imagined this morbid metamorphosis of his ideology, nor would he have recommended the shocking usage of force to brutally suppress the so-called anti-communists (in reality, the anti-dictatorship proponents).

If communism in USSR came to be better known for the Stalinistic Great Purge and random executions, the same in Yugoslavia became utterly farcical with Tito adorning himself with the ‘President for Life’ title in 1963. Both these regimes got broken up purely because of this rabid need of the communists to retain power.

Factually, those are communists themselves who, due to their tyrannical and fanatical insecurities to retain power, have forced global masses to choose the less than perfect – and in reality, utterly incompetent, anti-social and unworkable – combination of democracy and capitalism.

Worse is the fact that in case communists had in reality worked for the masses, then they would have retained power even during democratic elections. Clearly, most communist regimes never actually worked towards the equitable quotient. But some did, and creditably.

The Cuban case is classic evidential material on this. One of the main reasons the Castro clan has been able to retain power almost non-violently has been because they’ve stuck to the cause. Cuba beats many Western nations on human life indicators, what to talk about third world countries. With an 18% of GDP investment in education, Cuba attempts to educate almost 100% of its children equitably. That is the reason Cubans in reality appreciate the socio-communist ideology. In one perspective, even the Chinese Communist Party has been true to the ideology – more poor have been lifted above the poverty line in China in the latter part of the last century than ever has been done in the history of mankind in any nation. Unfortunately, the more tyrannical it becomes, the more the Chinese Communist Party is digging its own grave and that of the nation.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
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Thursday, April 25, 2013

“They must establish consensus before a law is made”

N. A. Ansari, Whole time Director and Executive Director, JSPL Raigarh. talks about JSPL’s R&D and environment initiatives as well as policy issues

B&E: What have the most important outcomes of JSPL’s R&D initiatives so far?
N. A. Ansari (NAA):
We use our in-house R&D facility as well as licensed technologies. We ensure that the combination of these two brings out quality products for us. For example, we have manufactured the world’s longest rail, which is 121 meters long and can be coupled to form 484 meters in all. But we are still waiting for the orders to come, because the most important consumer of this technology could only be Indian Railways. We have been trying to convince them for the last 4-5 years that our rail can be laid down quickly, is easy to maintain, lighter in weight, et al, but they have stuck to their MOUs, which they have signed with the other companies. Apart from this, we regularly do research to find out ways to improve our quality, reduce wastage, cut down coke consumption in the blast furnace, increase yield, et al.

B&E: What is your perspective on the logistics and transportation related issues that JSPL faces in particular?
NA:
Infrastructure is really in a very bad shape. We receive our imported raw material at Paradip port in Orissa, from where it gets to our Raigarh plant by train. This is very time consuming as our ports are not in a position to handle the cargo quickly and efficiently. We have purchased a 60% stake in an SPV to develop Gopalpur port near Berhampur city in Orissa’s Ganjam district. This will help us immensely once our six million tonne steel plant in Angul starts production.

B&E: Policy issues like land acquisition, environmental clearance, et al are gaining a lot of ground these days. How can they be made more business friendly?
NA:
I am not against any regulation. All I want to say is that there needs to be a practical approach to law making. Some of the laws regarding environment conservation are very good, but they are difficult to implement due to lack of technology or some other constraints. So, the attempt should be to establish a consensus before a law is made. Also, the mechanism to resolve the issues & attain clearances should not be so slow and time consuming. If you need to give a red signal to a project, say it in one go and then stick to it. Otherwise, let the work go on. By the time the final decision comes about a project, it may not remain feasible for the producer anymore. So, if we really want to see the sector booming, we need to address these issues on a high priority basis.

B&E: How are you meeting various environment-related norms?
NA:
Through our R&D, We are able to manage our fly-ash emission in a very systematic manner, which has brought down the risk to the environment significantly. We are using a lot of our fly ash waste to manufacture bricks. This way, we are not just disposing our waste, but also creating value out of it. We have also planted over 3 million trees in and around our Raigarh plant. This is our way to use natural resources sustainably.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
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Wednesday, April 24, 2013

How Volkswagen is leveraging its India plans to become the global #1!

Last September, Volkswagen edged past Toyota to become the second largest auto selling company in the world. It’s next target – grab the gold by 2018. It is already the largest in the #1 automarket, China. To further propel the company’s growth globally, Martin Winterkorn, the global CEO of VW Group, has set his eyes on the fastest growing automart amongst the BRIC nations. India. The work has begun. But Indian conditions won’t allow Winterkorn to have his way easily. And then of course, there is competition.

Digital media networks covering the Frankfurt Motorshow, a few months back, were abuzz about Martin Winterkorn, CEO, Volkswagen AG, visiting the Hyundai Motor Company pavilion. It was a pleasant surprise for the Korean giant as the CEO of the world’s second-largest automobile company started examining the new i30, which was meant to give serious competition to VW’s Golf. Winterkorn started by measuring the thickness of paint used on the lift-gate, then walked around the i30 grazing his knuckles across the hood-to-bumper shut lines to check for evenness. He then took a careful note of the interiors of the car. Hard to imagine what was going on in his mind, but his expressions indicated that he had some gaps in his thought-process which needed closing. Someone ought to give him answers. Winterkorn called for VW’s design head Klaus Bischoff, and demanded, “The lever for the steering wheel release makes no sound while moving. BMW can’t do it. We can’t do it. Why can they?” The chief wanted to know how Hyundai managed to make an adjustment mechanism to the steering that didn’t make any noise. Bischoff had no answer.



Winterkorn’s visit to the Hyundai camp clearly indicated the regard he held for the fifth-largest automaker in the world – a worthy opponent. The company wouldn’t want to give up its silver crown which it snatched from Toyota last September, not to even a respected, fast-growing automaker like Hyundai.

Volkswagen’s march-without-stumble in the global market has wowed onlookers. From being a lesser-known European brand to becoming the second-largest car-seller in the world (market share of 12.2% in terms of sales volume), the past four years – with increased focus on the BRIC markets – for the group have been least to say, career-defining! Five years back, new launches from VW were unheard of in most parts of the world. Today, every move of the company is discussed upon. Winterkorn knows that.

Two years back, VW’s claim of reaching an annual production mark of 10 million units by 2018 sounded like wishful thinking, Today, it appears that the milestone will be surpassed well before the set deadline. The automaker sold 8.16 million cars worldwide in 2011, a 14.3% increase y-o-y. Experts do claim that the company may fail to mirror its previous year’s performance in 2012. However, growing its annual sales by 1.84 million over a period of 9 years means growing sales at a CAGR of 2.29% starting FY2012. Selling 186,864 cars more every year – not difficult for VW. Not if we go by the work VW has been doing in the BRIC markets post-2009.

Winterkorn is serious about the BRICs. During the previous Christmas holidays, he summoned the bosses of the company’s operations in BRIC markets to the global headquarters at Wolfsburg, Germany. With its sight set on the #1 spot in the global automotive circuit by 2018, the CEO of the $162 billion-worth VW Group wanted to reiterate on and announce his gameplan of reaching the #1 position by digging gold in the BRIC nations. Needless to mention therefore, its performance in the bloc’s second largest (after China) and the fastest growing auto market – India – is crucial.

Read more.....

Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
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Friday, April 12, 2013

Oops, They Did it Again!

North India, The Country’s Biggest auto belt, has seen Spurts of Labour unrest over The Last Few Years to The Extent that Automakers are now Shying Away from Investing in The Region. Can The Stretch retain its No.1 Position?

The management of Maruti Suzuki, India’s largest passenger car manufacturer, heaved a sigh of relief as the company reported 2% sales growth in May 2011, selling 104,073 units against 102,175 units in May 2010. No doubt, the growth was negligible considering Maruti’s sales trend over the last 12 months, but in a month when car sales grew by only 7% (the slowest pace of growth in two years) and players like Tata Motors saw a fall of 8.3% in passenger vehicle sales (due to a massive 35% decline in both Indica & Indigo sales), the 2% growth gave management enough reasons to cheer. However, the party didn’t last long. Just three days after, on June 4, 2011, the New Delhi-based company was grappling with labour unrest as 800 workers at its Manesar plant (the plant produces about 1,200 vehicles a day, including the popular Swift and A-Star hatchbacks, and the DZiRE and SX4 sedans) went on strike demanding recognition of a new union specific to the plant. The days that followed saw the company sacking 11 workers accusing them of instigating the strike at the facility, which only added fuel to the fire. Although the strike was called off in just 13 days, on June 17, 2011, it had already made a Rs.4.2 billion dent in the company’s topline by then. And not just Maruti, even its vendors reportedly made losses to the tune of Rs.300 million per day taking the total revenue loss to over Rs.8.1 billion.

It’s not the first time that the northern auto belt has been affected by labour unrest. Companies like Hero Honda, Honda Motorcycle & Scooter India (HMSI), Rico Auto, Sunbeam Auto, Hyundai, et al, have reported similar problems over the last few years. For instance, in 2009, while workers at HMSI’s Gurgaon plant were on strike to protest wages and other issues, Hyundai Motor’s India plant saw a three-day labour unrest. Almost half the workers at the Indian unit of Sweden’s Volvo Bus Corp. too went on strike in 2010, protesting wages. All this has certainly dented the image of India’s leading motown and automobile manufacturers are now shying away from investing in the region.

For instance, when Nissan decided to set up its new unit in India, in alliance with its global partner Renault, it chose Chennai as its home and not NCR. The company now plans to invest Rs.45 billion in this unit by 2015. Similar has been the case with Volkswagen and Tata Motors that chose to set up their base in Chakan (near Pune) and Gujarat (as the home for Nano) respectively. In fact, Maruti Suzuki too is setting up its third facility (its first outside Haryana) in Gujarat with a production capacity of 10 lakh units per annum (expandable up to 20 lakh units). On the contrary, except HMSI (which is planning to invest Rs.8.6 billion in production capacity expansion), no other big name is willing to set up its base in the region, at least not in the near future. This certainly raises questions over how North India will preserve its auto hub status amidst rising labour unrests. For the less informed, auto majors like Maruti Suzuki, Hero Honda, Honda Siel, Hyundai, Yamaha, and Suzuki Motorcycles are operating from the northern region, which accounts for over 50% of the country’s automobile production.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
 
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Sunday, April 7, 2013

Can renminbi rival the US dollar?

No doubt, the Chinese renminbi has strengthened more than 3% vis-à-vis the greenback this year, bringing its total gains over the past six years to 30%. But it still has a long way to go before it actually starts to rival dollar in its use as an international currency.

There has been much negative news recently surrounding the US. From a downgrade of the US government debt by rating agency Standard & Poor’s (S&P, on August 5, 2011, had lowered its rating of US sovereign debt one notch to AA+ from AAA, stripping Uncle Sam of the highest rating for the first time in 70 years) to a large public debt that stands at a whopping $14.618 trillion (about 103% of US GDP, and more than $1,30,000 per US tax payer), Washington seems to have had it all. But, as if this was not enough, some observers have now started questioning how long the US dollar can sustain its status as a major international currency. And adding to the sense of gloom surrounding the greenback, the trade weighted-average value of the dollar, as measured by the Federal Reserve’s Major Currency index, continues to plumb new lows (see chart).

Meanwhile, China’s currency, the renminbi (RMB) or yuan (as it’s better known), continues to rise. While the currency gained 0.9% against the dollar in August in the face of significant global financial market volatility, the 12-month RMB futures, as per experts, imply a 1.5% appreciation over the coming year. In fact, RMB has strengthened more than 3% vis-à-vis the greenback this year, bringing its total gains over the past six years to 30%. Even, the issuance of so-called dim sum bonds, which are yuan-denominated bonds issued in Hong Kong, has jumped sharply this year. From just RMB12 billion ($1.7 billion) in 2008, the issuance of dim sum bonds has already surpassed RMB108 billion ($17 billion) so far in 2011. In fact, if a recent research by Standard Chartered is to be believed, the total pool of dim sum bonds could well hit the $1 trillion mark by 2015. Does that mean the dollar’s days are numbered and renminbi is well on its way to replace it as a global currency?

Historically, Chinese trade transactions were invoiced in currencies other than the renminbi. It was only in 2009 when the Chinese government started allowing exports and imports to be invoiced in yuan. Although less than 1% of Chinese trade transactions were invoiced in yuan in Q1 2010, invoicing in yuan has started moving north in recent quarters. In fact, in Q2 2011, trade transactions worth about RMB600 billion, representing about 10% of total Chinese exports and imports during the quarter, were invoiced in yuan.

Still, the use of the renminbi as a means of payment and as a unit of account remains limited on a global scale. For instance, every three years, the Bank for International Settlements (BIS) conducts a survey on the size and composition of the foreign exchange market and in its most recent survey, conducted between April 2010 and June 2010, BIS found that the renminbi constituted just 0.9% of all the foreign exchange transactions that occurred during that period (up from 0.1% in 2004). On the other hand, the dollar was involved in 85% of all foreign exchange transactions between April & June 2010.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles