Showing posts with label IIPM Admission Details. Show all posts
Showing posts with label IIPM Admission Details. Show all posts

Monday, June 3, 2013

The past catches up

The inaction on the part of Rajapaksha Government assured that Sri Lanka faced a far tougher challenge at Geneva this year than it had faced anytime before

A couple of weeks ago, the Palais des Nations in Geneva, which is no stranger to diplomatic dramas, witnessed probably the most stunning of them all in the recent years. After the screening of 'No Fire Zone', a documentary exposing the war crimes committed by its forces, the Sri Lankan ambassador to Geneva, denounced the movie and censured the UN human rights council for having given the permission to screen it in a UN building. Generally, after such speeches, the representatives and ambassadors of the friendly nations applause. Only in this case, there was a stunning silence. Considering the gathering also had substantial numbers of diplomats who were in Geneva to participate in the current session of the council that is all set to discuss Lanka's human rights record, the silence mush have been heard till Colombo.

This year proved to be the toughest for Sri Lanka as far as the diplomatic efforts are concerned. Increasingly, and more so since the last such vote took place, human rights organizations have dug up information and evidence that indicates towards possible involvement of Sri Lankan Armed Forces in committing gross violation of human rights amounting to war crimes.

It has also been suggested variously that during the most intense and final days of the war, the forces failed, either inadvertently or deliberately, to differentiate between combatants and civilians. Similarly, documentary evidence in terms of photos and footage, subject to its authenticity, also confirm that many of whom surrendered, including children, were summarily executed. However, the government of President Rajapaksha has so far refused to look into the charges. Organization such as International Crisis Group have damned the government for not even ordering a credible looking committee to do so.

The criticism is particularly severe among Tamil groups inside Sri Lanka. Tamil National Alliance (TNA), a coalition of Sri Lankan Tamil political parties which dropped the demand for separate Tamil Eelam for more regional autonomy, has time and again asked the government to take the matter seriously but for no avail.

“When the Channel 4 footage was first released, the Government of Sri Lanka vigorously opposed it. Yet the government-appointed Lessons Learnt and Reconciliation Commission too recommended that it should be investigated to ascertain its authenticity. We will co-operate with any investigation to uncover the truth. It is the truth that will lead to any kind of meaningful reconciliation and that is how the on-going violations will stop,” said M.A. Sumanthiran, a Sri Lankan Tamil leader and a TNA parliamentarian.

However, the international community has started showing signs of restlessness and is expected to come out more solidly against the Lankan position than they did last year. In the previous resolution, the US, also the sponsor of it, had to cajole some of the weak African, Asian and other Third World Nations to fall in line. This year, it did not so much as to move a finger.

Meanwhile Journalists for Democracy in Sri Lanka (JDS), a group that advocates the investigation of war crime, has claimed that it has photos indicating Balachandran Prabhakaran, V.P. Prabhakaran's 12-year-old son, in the custody of the army, alive and well just hours before his violent death. The authorities have maintained that the boy died in an exchange of fire between the forces and LTTE fighters. On the other hand, the photos that were taken at 10:14 AM and 12:01 PM on the day of his death, initially show the boy well and having chocolate, and then dead with five visible marks of bullets on his body, respectively.

“Certainly Sri Lanka’s legal framework has permitted and indeed, actively encouraged crimes such as extra judicial executions and enforced disappearances. In view of state complicity in acts of terror, it was not surprising that when national and international pressure intensified in regard to taking action against perpetrators of abuses during the second JVP insurrection, good investigations and prosecutions were rare and, if at all only against junior officers,” asserts Kishali Pinto Jayawardene, a Sri Lankan political analyst.

The government had realized that Geneva was a lost cause but was still trying to save some face. After initially deciding to send a low key delegation for the meeting, President Rajapaksha changed its mind at the last moment. Less than a week before the Council session was about to begin, the President asked Mahinda Samarasinghe, who also happens to be his Special Envoy on Human Rights, to lead the delegation instead of Ambassador Aryasinha, who, although a good diplomat, is considered a lightweight. However, the delegation consisting of 10 members was still small compared to the 50 members leviathan sent for diplomatic dealings last year.


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

Saturday, May 25, 2013

Herr Bose?

Netaji's ideological grounding was weak and his lack of political acumen only compounded his mistakes

The ideological commitment of any individual is best tested when he or she is pushed to the wall. Because it is here that the option to take an easy way out or strike a compromise appeals the most. And it is in such circumstances that one of India’s most prominent nationalist leaders Netaji Subhash Chandra Bose made some of the biggest strategic mistakes of his life.

Bose's tryst with Nazism and Fascism has always remained a matter of debate. Experts have variously called his decision a “tactical folly”, “lack of political acumen” and “genuine flirtation”. The truth – as always – lies somewhere in between.

Let's consider Bose's initial tryst with the ideology. Throughout the 1930s and even later, Bose's basic ideology was grounded in socialism. Sugata Bose – grandnephew of the INA leader and professor of history at Harvard – writes that Bose's differences with MK Gandhi were primarily because he thought that the latter had no plan in place whatsoever for a post-independence India. Besides, Bose’s idea that the independence movement “should depend, for its strength, influence and power on such movements as the labour movement, youth movement, peasant movement, women's movement, student's movement” was abominable to right-wingers like Vallabhbhai Patel.

Bose tried to reach out to the leaders of both Fascist and Nazi regimes in the late 1930s but without much success. Some suggest that he secretly entertained middle-rung Nazi leaders in Bombay in 1938 when he was president of the Indian National Congress (INC) for a brief period. However, his efforts to connect with Nazi forces till then were mostly based in and around the principle that an “enemy's enemy is my friend”. He certainly displayed no particular liking for the Nazi or Fascist ideology as a whole. The admiration was selective. And that was not unnatural because even Gandhi had praised Mussolini’s “care of the poor, his opposition to super-urbanisation, his efforts to bring about coordination between capital and labour”.

Around the same time, Hitler, who was clearly in awe of the British Empire and definitely wanted to have a respectful share in its sphere of influence rather than  substituting it with a German empire, saw little strategic value in entertaining Bose. “The land for us, the seas for England,” visualised Hitler. However, he did see the tactical benefit in using Bose as a chip to bargain with the British. On the other hand, Bose was sceptical of Hitler's hatred for the Soviet Union and was uncomfortable discussing it. Hitler was shrewd enough to judge that and advised him to reach an agreement with the Japanese to avoid "psychological mistakes".

Ideologically speaking, they did not particularly admire each other – at least it was not the kind of mutual admiration that Mussolini and Bose shared. In fact, during his initial tryst, Bose tried hard to have Hitler's racist references to Indians excised from further editions of Mein Kampf. The relationship grew worse as Bose had by then little appetite for racism and went as far as to rebuke Hitler at a press conference in Geneva after yet another rabid racist speech by the latter. Some historians claim that he even asked for a trade boycott against Nazi Germany.


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

Friday, May 24, 2013

Has the 100-crore club reduced movies to IPOs?

Monojit Lahiri investigates B-town's latest, booming bimari!

Film critic, Anupama Chopra had lamented about this earlier when Sallu bhai was on the rampage with his monster hits, - Ready, Dabangg, Body Guard – but the obsession with this figure took on very sad, disappointing dimensions when recently the release of the late Yash Chopra’s swan song,  Jab Tak Hai Jaan, was completely hi-jacked by how soon this dazzling SRK-Katrina-Anushka rom-com would blast the Rs 100 crore mark; and not whether the film was the perfect ending to a filmmaker’s magnificent obsession of using love as a passionate leitmotif of all his films. Not whether SRK, despite his 45 years age, managed to wow and charm the mickey of his zillion fans with his matchless, stylised body language and histrionics; not whether the two heroines, in their own respective ways, fleshed out their roles with the sense of abandon and sensitivity demanded and not whether the Gulzar-Rehman magic, the spectacular locales and canvas out-excelled Yash ji’s earlier efforts. Whatever happened to old-fashioned movie-going experience - the thrill starting from the time the lights dimmed, submitting to magical willful suspension of disbelief right through and returning satiated and enthralled?

Even up till a few years ago, life was different. Mainstream publications and TV channels did reviews. Hits were defined by Silver, Gold and Diamond jubilees, with dazzling, glamorous parties marking the occasion, with reports splashed across film mags. Details of daily/weekend/weekly/monthly collections were restricted strictly to the ‘trade magazines’. In recent times however, this Rs 100 crore disease has spread like a fungus and today, in crass, blatant and brazen manner, First day/Weekend/Weekly collections – real or fictional – are blitzed across mainstream and film publications with depressing regularity! Has the fun and enjoyment of going to the movies reduced to an IPO-watch? Have the merchants taken over from the mavericks and magicians?

Many heavyweights of B-town share this concern. Rajkumar Hirani (Director of Munnabhai and 3 Idiots) is extremely uncomfortable with this fact and articulates it in no uncertain times. He suspects it is a chilling sign of a consumerist and market-obsessed time when people are encouraged to know the price of everything and the value of nothing! “For God’s sake, it’s not an IPO but a film! Sure I understand and am concerned about the ROI factor, but for me audience appreciation is the key. People loving your film and recommending it to others remains a matchless high. For me, the shoe-string-budgeted Jane Bhi Do Yaro, made three decades ago, is way beyond any Rs 100 crore movie because even today it is remembered, loved and given cult status.” Both Anurag (Barfi) Basu and Kabir (Ek Tha Tiger) Khan agree. Basu – returning after a big budget disaster, Kites, admitted he was apprehensive about the commercial viability of his movie. “Transforming young, hot, popular, glam stars like Ranbir and Piryanka into sexless deaf-dumb-artistic creatures could be risky. The content, too, was anti-glam. Would the audiences respond to the soul to the film? I guess I got lucky! If you go with your heart, chances are, it will find another.” Kabir agrees. “You can’t sit down with the self-created agenda of writing a Rs 100 crore film! Stupid! You have to go with your sense of self-belief. I did exactly that for Ek Tha Tiger and God was kind. It worked.” And how!


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

Saturday, May 4, 2013

Research Methodology

METHODOLOGY – TOP 30 B-SCHOOLS
FIRST PHASE:

ICMR prepared an initial list of 200 B-schools in India that have been providing full-time management courses for at least the past three years and which were also the most-recalled amongst the student fraternity (sample size of 2000 students who are currently pursuing a management course, spread across five metros). This initial list comprised both private and government-affiliated institutions. Subsequently, ICMR conducted a perception survey amongst MBA aspirants, management students (currently pursuing their MBA) and executives from the corporate world. The survey was based on the parameters of awareness, recall, legacy and image & perception. A sample of 4500 respondents was thus covered in the study across Delhi, Mumbai, Kolkata, Bangalore, Chennai, Chandigarh, Bhubaneswar, Pune, Hyderabad and Ahmedabad, using a structured questionnaire. Based on the frequency of responses, the final list of top 30 B-schools was shortlisted.

SECOND PHASE:
The final ranking was based on the average of weighted scores per parameter (details below) given by the esteemed panel of experts. The respected panel of experts comprised of Keertan Adyanthaya, Managing Director, FOX International Channels; Sandeep Tyagi, VP – HR, Videocon Industries; Ramandeep Singh, Head – HR (Talent Acquisition & SME), Bharti Airtel; Sandeep Bhushan, VP – Digital, HT Media; Srivathsan S., Head – HR, Times Television Network; Anupam Bansal, Executive Director, Liberty Group; Sharad Mathur, Head, SBI General Insurance; Prashant Singh, VP & Country Head – FOS & Agency, Royal Sundaram Alliance Insurance Company; Chandan Choudhury, MD, Dassault Systemes India; Mudit Bhatnagar, Deputy Vice President and Head – Marketing & International Business – DHFL; Pradeep Kashyap, CEO, MART and President – Rural Marketing Association Of India; Pramoud Rao, Managing Director, Zicom Electronic Security System; Sudarshan Mazumdar, Country Head – California Almond Group; Akash Sureka, Founder, MD & CEO, Hoopz Planet; L.S. Krishnan, Business Head – Amagi Media Labs; Dhananjay Chaturvedi, MD, Miele India; Soumya Kanti – President and Head (PPP initiatives & Global Business), Educomp Solutions; Harinder Dhillon, Sr.VP – Sales & Marketing, Raheja Developers; Altaf Halde, MD (South Asia), Kaspersky Labs; Anuj Jain, CEO, JSL Lifestyle; Archana Browne, VP – Sales & Marketing, International Recreation Parks Pvt. Ltd. (India); Ronesh Puri, Managing Director, Executive Access; Dr. Alok Bharadwaj, Sr.VP, Canon India; Nipun Singhal, President, Lloyd Electric & Engineering [For a complete list, please refer to the detailed profiles].

Each panelist was provided with the write-ups (sent by the participating B-school) and detailed secondary data generated by ICMR for the 30 institutes based on the following parameters (mentioned along with respective weightages):

l Quality & Volume of Course Contents 40% l Quality & Volume of Industry Interface 15% l Quality & Volume of Research & Writings 15% l Quality & Volume of Global Exposure 15% l Placement & Packages 15% It is important to note the context of the weightages given to the parameters in question. We firmly believe that the most important factor for any B-school to be ranked has to be necessarily its course contents. This factor is what differentiates the world’s leading management institutions from the also-rans. No amount of teaching, interface & exposure is helpful unless the course structure is world class – and that is the reason why this factor has been given a 40% weightage by us, while all the other factors have been assigned a weightage of only 15% each.

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

Wednesday, April 24, 2013

Misinformed media

Morphed videos, tampered pictures, and misinformation drive Western media reporting on Syria

International media coverage on Syria is often based on flimsy grounds. A report of a 3-year old child battered by Assad’s forces and having bruises all over her body was covered in hundreds of western media outlets that created nothing short of a storm in a teacup. This media campaign’s entire basis was nullified after 3 days when it was found out that the girl child’s identity and her battered condition was nothing but a figment of imagination.

It isn’t entirely surprising. Top notch media giants like CNN, BBC and France 24 report from second hand sources regarding Syria. Most interestingly, the main material for such ground-reality-check stories is sourced from a UK-based NGO called The Syrian Observatory for Human Rights (SOHR), which is partially funded by western governments. Most of the Western media houses, including the likes of BBC, The Guardian & The Telegraph rely on a man named Rami Abdulrahman of SOHR for Syrian stories. However, in a shocking revelation, it was unearthed that this man doesn’t exist on the roster of SOHR!

Due to the lack of primary sources of information, the reportage is often full of contradictions. For instance, a reporting spree that sustained for 10 days narrated a back-to-the-wall situation for Baba Amr and its people, who were trapped in their houses against a counter offensive by Syrian forces, which was supposedly creating a humanitarian crisis there. The Syrian army supplied this piece of information as Western journalists were barred from being in the country for a first hand conformation. The report was covered in the most distinguished houses like CNN, France 24, The New York Times and The Washington Post. However, the Syrian Army changed their stand with counter claims that the civilians were relocated to safe zones! While the media as well as the Free Syrian Army admitted that there were hundreds of armed fighters in Baba Amr, every armed fighter who died in the battle was somehow shown as civilian to swell the number of civilian causalities. More interesting, however, is the story of ‘Syria Danny’, a 22-year-old British citizen of Syrian descent, who travelled to Homs during the year end and started appearing as a witness on western media channels, especially CNN. His daily ritual would include videos showing him ducking as shots were fired in the background, while he begged for armed intervention from the West and Israel. His, as well as CNN’s, luck ran out when a video appeared exposing how he asks his friend to start firing when he goes live and how footage from Libya was used. Similar wrong reporting appeared in BBC too!

Similarly, one Mousab Azzawi, claiming to be working for SOHR was paraded by BBC and CNN during live programs for no less than two months. Later, it was proven that the fellow had never seen even the inside of the SOHR campus, leave alone working for them. In the same month, a blog purportedly written by a lesbian woman in Syria, which described among other things, the massacre by Syrian forces, was picked by all the above mentioned visual and print outlets. A month later, it was revealed that the owner of the blog was one Tom MacMaster, an American studying in Scotland.


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

Saturday, April 20, 2013

World economic outlook 2012

The global recovery is threatened by intensifying strains in the euro area and fragility elsewhere. Financial conditions have deteriorated, growth prospects have dimmed, and downside risks have escalated. This is largely because the euro area economy is now expected to go into a mild recession in 2012 as a result of the rise in sovereign yields and the impact of additional fiscal consolidation.

No respite in 2012


Global growth prospects dimmed during the fourth quarter of 2011, as the euro area crisis entered a perilous new phase. Activity remained relatively robust throughout the third quarter, with global GDP expanding at an annualized 3.5% – worse than the September 2011 WEO forecast. Growth in the advanced economies surprised on the upside, as consumers in the US unexpectedly lowered their saving rates and business fixed investment stayed strong. The bounce back from the supply-chain disruptions caused by the March 2011 Japanese earthquake was also stronger than anticipated. Growth in emerging and developing economies slowed more than forecast, possibly due to a greater-than-expected effect of macroeconomic policy tightening or weaker underlying growth.

China leads emerging countries

Total business spending on fixed assets, such as factories, machinery, equipment, dwellings, and inventories of raw materials et al, which provides the basis for future production, picked up pace in advanced economies during Q3 2011. However, emerging economies saw a slight decline in the spending. China topped the list with 47.8% spending while India managed to spend 32% of the total investments on fixed assets. One of the prominent reasons for declined spending in emerging nations is the lack of business confidence created due to lackluster demand, high inflation and interest rates, ambiguous investment policies. Once these issues are sorted out, emerging world will hopefully be back on track.


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

Tuesday, April 16, 2013

US housing market report

With US facing the fears of a double dip recession, investments in real estate remains sluggish. However, continuous fall in home prices and mortgage rates have brought in a great opportunity. Though the post-crisis over-cautious approach of lenders and borrowers is still playing spoilsport, current valuations and demographic dynamics may soon change the scenario.

Housing crisis continues

Housing boom in the US that began in the late 1990s led to an exponential growth in home sales. In fact, the demand remained quite strong during the period and outpaced the supply of new built as well as old homes on sale. As per reports, average sales of houses stayed at around five million per year. But with the economic crisis coming into picture, demand dipped thick and fast from over five million to less than four million. Since then, inventories have been on a painfully slow drift downward as a drop in demand offset much of the impact of the collapse in home building. However, by August of this year, combined new and existing homes listed for sale have fallen to 3.6 million units, having completed roughly 70% of the journey back to normal.

Mortgage payment at record low

With a sharp dip in mortgage rates, US Families have to leash out very low rates out of their income to pay for mortgages. As per Freddie Mac, by October 7, 2011 mortgage rates have fallen to an average annual level of 3.94%. Assuming the use of a fixed rate mortgage with 20% down, it will make the median mortgage payment on a single family existing home just 6.9% of per household personal income, compared to an average of 14.4% since 1966. While this presents a downside market, it also emphasises on the long-term gain that one can achieve by investing in the cheaper than average houses locking in cheaper long term financing available at present. Because, any demand pull in future will also pull these prices up.


Source : IIPM Editorial, 2012.
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
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
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail

IIPM Links
IIPM : The B-School with a Human Face

Saturday, April 13, 2013

B&E Indicators

Growing rural-urban divide

After a phase of robust growth, the Indian telecom juggernaut appears to be slowing down. The number of net mobile connection additions in May 2011 was about 35% less as compared to March 2011. Further, the gap between urban and rural teledensity has widened over the last decade. This is evidenced by rural mobile teledensity of only 35% as compared to urban mobile teledensity of 156% in June 2011.

Slowdown in growth in rural areas

The gap can widen even further as rural growth slows. It’s evident that the urban markets are almost saturated whereas, there is a lot of untapped demand in rural India. Thus, additional investments are required for rolling out services to the unconnected population in rural areas. Moreover, with India’s broadband penetration being abysmally low at about 1%, investments are needed to deploy 3G services and meet the latent demand for broadband across India.


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

Thursday, April 4, 2013

B&E Indicators

Asian liquidity remains solid

Liquidity remains solid for non-financial, speculative-grade companies in Asia. The region’s Liquidity Stress Index was 12.3% in June, unchanged from May, and far below the 37% high it hit during Q4 2008 amid the global economic recession. In fact, the Asian Liquidity Stress Index has remained near its current level since the start of 2011 and is at its lowest levels in three years.

A low probability of default in the region

The high level of corporate liquidity in Asia suggests a low probability of default for the region’s speculative-grade companies. In fact, there were no defaults during the first half of 2011. Even the Asia-Pacific (ex Japan) trailing-12 month speculative-grade default rate has remained at 1.7% since the beginning of 2011. This situation, coupled with manageable refinancing needs, indicates that the default rate will continue to stay low for the rest of the year as well.

Read more...

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

Thursday, March 28, 2013

Can we See Some Accountability... Please?

While there are Mixed Reactions over The Impact of SC’s Verdict on P. J. Thomas’ Appointment as CVC, The Nation Actually needs to Focus on Politicians who run The Show.

The office of the Central Vigilance Commission (CVC), the apex vigilance institution, has lately been in the news for all the wrong reasons. In a first of its kind in India, a three-member Supreme Court (SC) bench on March 3 quashed appointment of P. J. Thomas, a 1973-batch IAS officer of the Kerala cadre, declaring it as “un est” in law.

Thomas’ current woes date back to a palmolein import case in 1991 when he was the Food Secretary in the Congress-led UDF government in Kerala. In 1996, the Left government in Kearla had ordered a vigilance inquiry into the cabinet decision taken by the then Congress-led Government to import 15,000 metric tonne of palmolein oil, which allegedly caused a revenue loss of Rs.20 million to the state. Thomas was selected to the post in September, 2010, by a committee consisting of the PM, Union Home minister P. Chidambaram and Leader of Opposition, Sushma Swaraj.

Meanwhile, with the Prime Minister accepting responsibility for the “error in judgement” as the final signing authority that approved Thomas’ appointment as CVC, the move has just become a blessing in disguise that Thomas would like. According to Thomas’ counsel Wills Mathews, Thomas has now moved to SC challenging the very legality of the verdict that set aside his appointment as CVC. “The constitutional provisions mandate that the matter be heard by a five-judge bench as opposed to the three-judge bench that handed the verdict in this case. Moreover, the selection of Thomas was carried out by a government committee and the error has been accepted by the PM himself,” Mathews told B&E. When asked about the future course of action, Mathews said that since the error had been committed by the Union of India, it was for the government to rectify it. “Once the mistake is corrected, Thomas will automatically be reinstated,” he said.

Amidst all this chaos also lies a threat to the confidence of whistleblowers who had utmost faith in the CVC when it came to reporting matters pertaining to corruption in government offices. For Dhanraj Singh (name changed on request), a whistleblower involved in bringing the Chairman of a CPSE to book after he took matters to the CVC, “Reporting matters to the CVC is not a routine affair and takes a lot of courage to go ahead with pursuing the matter due to the constant fear of consequences.” While getting matters attended to has been a cause of concern, there is also sheer disappointment when one finds that the appointment of the highest anti-corruption authority was taken lightly. “The anxiety among many of us is on how future complaints will be treated,” Dhanraj adds. Alongside this sense of disappointment within a section of “honest” government servants, there is also a separate school of thought. “The Apex court’s verdict annulling the appointment of the CVC has come as a major jolt to the government and we can expect an overhaul in the manner in which the anti-corruption watchdog functions. We expect more sincerity from the CVC now,” says another whistleblower on condition of anonimity.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles

Monday, March 18, 2013

Banking on Retail to Grow Fast

From a Development Bank IDBI Bank Changed its Course to a Schedu-led Bank in 2004. Since then, its Retail focus has Given it Enough dope to Become India’s 17th Fastest Growing Company.

The genesis of this entity can be owed to the inspiration sought from Industrial Bank for Reconstruction and Development (IBRD) set up in 1945 to reconstruct countries devastated post World War II. It was set up in 1964 as a wholly owned subsidiary of RBI and has to its credit building some of the biggest financial corporations in India today like NSE, the Stock Holding Corporation of India, the Export Import Bank of India and the Small Industries Development bank of India (SIDBI). But for IDBI Bank, which became a full fledged scheduled bank from being a ‘development bank’ in 2004, such laurels did not suffice. An entity which used to generate 70% of its total business from the corporate sector, has achieved one of the most successful transformations in India Inc.’s history to give its retail business an equal footing – not only in terms of products, but marketing and investments too.

During the last fiscal, IDBI Bank registered a mind-boggling 97.9% growth in its operating profit. Net interest income grew to Rs.22.67 billion in FY10 as compared to Rs.12.39 billion in the previous year, translating into a growth of 82.9%. Going deeper, the bank’s net profit grew 46% (year-on-year basis), fee based income increased by 53%, deposits grew 36%, advances grew 38%, aggregate assets rose 29% and the total business of the bank registered a growth of 37%. Interestingly, this happened during a period when most of the Indian banking giants were still recovering from the slowdown blues. The financial year 2010-11 has already witnessed IDBI Bank’s aggression in terms of marketing and promotional activities. The year has been special for IDBI Bank owing to its renewed focus on retail banking as it has realised the powers of numbers well on time, and also about how to survive the cut-throat competition.

In fact, IDBI has been a major ground level innovator and fast mover, quite unlike a government entity. Some of its major initiatives are aimed at taking it on a very long term growth trajectory especially in retail banking. Firstly, to attract more retail business and achieve its goal of lowering cost of deposits, it has gone a step ahead of competitors by waiving charges on many of its current account and savings account (CASA) services including account closure, ATM Interchange, demand draft cancellation et al. Secondly, it has taken the tactical move to install 100,000 point of sale (PoS) machines to get hold of the mass by facilitating higher financial inclusion. Thirdly, it is ramping up its branch-wise penetration. It is setting up around 250 new branches to increase its tally to 1,000 branches and plans to set up between 4,000 to 5,000 ATMs in the next three years. Not just in distribution and marketing, the bank is contemplating major capital raising in the near future to enhance its financial inclusion objective. As per R M Malla, CMD, IDBI Bank, “As part of IDBI Bank’s financial inclusion strategy, the bank may consider raising equity capital, thereby diluting the Government’s stake over the next 12-15 months.”


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles

Tuesday, February 5, 2013

Kicking... But alive?

Good ol’ B.O is worried that Indian (and Chinese) BPOs are taking away American jobs! His worries might actually be true, irrespective of whether he can do anything about it

“We were a team of six in November 2008, which has subsequently been reduced to just one as of today,” says Gaurav Jain (who works as an executive with a US-based KPO in Delhi) as he recalls the pain he has gone through since the last year when global recessionary waves finally made their way into the Indian outsourcing industry. Though he was fortunate enough to retain his job, it hasn’t been an easy swim across for him, especially after his company got acquired by UK-based Copal Partners in March last year. Since then, he has consistently been facing the fear of retrenchment.

This is not the case with Gaurav alone. Madhu Smita, an executive working with a domestic BPO (a vendor to Microsoft) had to face the same truth. She was sent to US in March 2009 on ‘promotion’, but just four months of working there and she was handed over a pink slip (in August 2009) by her firm. “The company I worked for fired as many as 400 employees at that time. But as I had taken a house on lease for a year, it was financially difficult for me to move back to India at that moment. I stayed completely jobless for almost three months after that incident,” Madhu Smita tells B&E. The reasons are obvious. Global economy was in doldrums and there was uncertainty everywhere. Both vendors and clients were facing all kinds of problems – from squeezing profit margins to declining toplines – so much so that over the last 18 months the Indian BPO players had to cut off over 50,000 jobs. This not only disturbed the industry matrix, but also resulted in a negative spin off effect as every direct job in the BPO industry was backed by seven indirect jobs.

Obama’s worried Indian (and Chinese) BPOs are taking away US jobs? Are his worries with basis? Obama baiters might not like it, but the fact is that he might have weight in his statements. As per a latest Nasscom report, the $50-billion IT-BPO industry is headed for a 13-15% growth in FY2010-11. While business is reviving, hiring too seems to be back in full swing.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

Friday, February 1, 2013

The ‘Nixon shock’

How the Viet-war ended the gold standard

The hugely respected Joel Kurtzman, erstwhile editor of Harvard Business Review coined the term ‘Death of money’. Little did people know how meaningful it would be in their lives. Stuck between the double-trouble of widening balance of payment deficit and trade deficit on account of the Vietnam war and increased domestic spending, US rampantly printed dollars to fuel its war expenses. As a result, the gold backup for the paper dollar fell from 55% to a meagre 22%. Considering the deterioration in dollar’s position, countries with dollar holdings started to demand gold against the dollar, which meant a sharp fall in dollar’s value.

57To counter the situation, President Richard Nixon, in a shock to the world, closed the gold window making the dollar non-convertible to gold directly. It simply meant that gold standards were no more applicable to the dollar. In the short term, it seemingly saved the US from a currency crisis; but in the long run, it created even bigger threats for the entire world. It is because of this move that today we see non-existing electronic currencies building up castles in thin air and then destroying them within seconds. The modern financial world has moved far from reality.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

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
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
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail

IIPM Links
IIPM : The B-School with a Human Face
IIPM – FLP (Flexi Learning Program)

Saturday, January 19, 2013

Zoos and circuses for a ‘better’ life in ‘protected’ areas...

Often chained, sometimes tortured, elephants to be evicted from zoos and circuses for a ‘better’ life in ‘protected’ areas...

Are they any less deserving of the same compassion? Are their living conditions ideal? Or is it the typical case of ‘size does matter’? While these questions need some pondering, the decision has brought many cheers to the lobby that has been fighting for better conditions for the animal. However, some would also argue that authorities have taken the easy way out as constraints with respect to size of enclosures, in zoos especially, could have been dealt with easily owing to large spaces that lie wasted due to bad planning and poor design. Some also maintain that the upkeep of a large animal like an elephant is no mean task and there are reports of reluctance on the part of some forest departments to accept the animals.

Perplexing as it may sound, the diktat is not binding on hundreds of elephants that are either used for work or those kept in temples. It would also be interesting to see how the well-intended move is received by circus owners who have already been made to part with their tigers and lions in the past. All said and done, the move would mean that a family’s day out at the zoo will soon give way to a weekend holiday to Corbett National Park or Ranthambore Tiger Reserve, for a jungle safari would be the only other option for parents of kids who will settle for nothing less than the real thing. In all this, let’s just hope the elephant gets a better life… for the heart of a wild animal knows little joy in anything else but the freedom that comes from instinct, the freedom to roam free...


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

Friday, January 18, 2013

Hotel Poseidon

The hotel's named after Poseidon, the ancient Greek God of the seas. Located in Positano, a small town in Amalfi, this hotel is an ideal place for a divine holiday. Enjoy a warm afternoon on the hotel’s sun terrace or relax your tired muscles with a swim at the open-air swimming pool. Binge on the local specialities at the hotel’s restaurant or pamper yourself at the beauty centre, which offers a Turkish bath carved in to a rock. The hotel also has a fully-equipped gym to burn those extra kilos. All in all, a hotel that has it all and even more!

The view:
Perched on a rocky mountain slope, right in the heart of Positano, Hotel Poseidon provides a spectacular view of the ‘vertical village’ and Amalfi. From the hillside, one can enjoy a picturesque view of the emerald sea flowing through Amalfi.

Archi type: The hotel is a mix of traditional and contemporary Mediterranean style. The thick walls are coated with pastel colours, giving out a soothing effect. There is a certain warmth about its décor, which makes the guests feel at home at once.

Bon appétit: Forget the diet chart and indulge in the exquisite dishes offered at the Poseidon restaurant. The dishes are of Neapolitan tradition, particularly pastas, fish dishes and fresh vegetables. For warmer days, the meals are served on the panoramic terrace, covered by a very beautiful bougainvillea and grape pergola, that has a wood-burning oven and a grill.

Around the corner: Located right in the heart of Positano, Poseidon provides the perfect base for tourists to explore other enchanting towns like Praiano, Conca of Marini and Furore. While the beach of Positano is just a short walk away, a walk in the maze of picturesque lanes of the historic centre – a stone's throw distance from the hotel – is priceless.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

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
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
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail

IIPM Links
IIPM : The B-School with a Human Face
IIPM – FLP (Flexi Learning Program)