Friday, November 30, 2012

Chapter I, Minority Report

Banning Hindraf is akin to killing human rights in Malaysia

Wars and segregations in name of religion have put a question mark on the very existence of humanity and social values. Human rights find no place in the new setup and are severely butchered even in democracies. The hollow democratic setup in Malaysia is the latest addition.

The Hindu Rights Action Force (Hindraf), which comprises of 30 Hindu NGOs in Malaysia and gives voice to two million plus ethnic Indians, majority being Tamil Hindus, was banned by the government on grounds that it is a threat to Malaysia’s internal security and peace under the country’s draconian Internal Security Act. Home Minister, Syed Hamid Albar clarified the stand by saying, “Hindraf is clearly using religion as a tool to create disharmony between religions and between races..." This clearly means that the voice of the minority Indians in Malaysia is being gagged and being further pushed into socio-economic disparity to curb the interests of dominating Malays community.


Source : IIPM Editorial, 2012.

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Wednesday, November 28, 2012

WAR DOCTRINE: THE TWENTIETH CENTURY

The twentieth century saw the development of some of the most gruesome war doctrines. Yet, ironically, a few even contributed to save the world... like the MAD doctrine, or Mutually Assured Destruction!

But the US had/has dwarfed perhaps both of them with their ‘Shock and Awe’ strategy with the annihilation of Hiroshima and Nagasaki, Japan eventually conceded defeat. With time, names changed but the resonance of the doctrines of Blitzkrieg, Kamikaze and ‘shock and awe’ still make their presence felt every now and then. With the dropping of the two atom bombs on August 6 and August 9, 1945, by the B-29 Superfortress bombers, the superiority of the Air force in warfare was established. It brought in the new concept as to how a war can be won and an invincible enemy can be brought down on its knees from a height of 40,000 feet without even putting a foot on the ground just as the Germans had baptised the indispensability of the submarine, which had almost won the war for the Germans. Wish Napoleon had the same luck.

The end of the Second World War was also the beginning of the biggest polarisation that the world had ever seen. The Berlin Wall put the final stamp on the clear demarcation between the Western Capitalist Bloc and the Eastern Soviet Bloc and it was the green signal of the beginning of a 40 year long Cold War. This era saw a flurry of activities in literally carrying forward the legacy of Second World War [without actually fighting the real war] and perhaps bettering it. At times, with the world remaining with the constant fear of an impending war, many felt that it would perhaps do a whole lot of good to fight it out once and for all. But that did not happen. What happened, instead, was the constant upgradation of weapon systems and their delivery mechanism. So while B-29 bombers gave way to the colossal B-52 [powered by eight engines] and TU-142 type long range bombers and later TU-160, [which could travel half the earth, bomb a place and then comfortably come back] in response came the era of interceptor aircraft, the foremost and the pioneer among them being the ubiquitous and the ever versatile Soviet made Mig- 21. In fact, since the end of the Second World War, two of the biggest revolutions in warfare have been pioneered by the Russians. If one of them is the Mig-21, which forced the Americans to think of stealth, dogfights and supersonic bombers, the invention of the AK-47 by Mikhail Kalashnikov changed the very paradigm of the foot soldier. Probably no other fighter aircraft or assault rifle has been made in so many variants by so many countries as has been in the case of Mig-21 & AK-47. The whole era of Cold War is imbibed with several instances of Soviet Tu-142 being intercepted and escorted out of the Western territory by US or British interceptors like the F-102 Delta, F-106, F-14, or Tornado.


Source : IIPM Editorial, 2012.

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Tuesday, November 27, 2012

EU: RECESSION FEARS

It's the policies... obsolete, superfluous & unpractical policies

The main reason, according to Dr. Nick Bloom, Associate Professor, LSE is that “Europe has worse management and organisational practices, which mean it is very inflexible.” Much of this inflexibility is the result of lack of clarity between the EU (as a central entity) and member nations on policies. Take the labour market for instance. Countries like France have not yet benefited from labour market regulation and with their stringent internal policies, the day is still far. High oil prices are eating into the earnings of people and the lopsided monetary policy of European Central Bank (ECB) is killing whatever economic sentiment is left, thus maintaining a constant level of unemployment and constantly lower levels of growth. Records show that EU has built assets which have under performed. The biggest being the Euro. The growth rates haven’t changed much pre and post Euro. Putting all the blame on the Lisbon agenda is like blaming the thermometer when one has the flu. A recent survey done by New York Times shows that people are unhappy with the way EU is handling the economy. Problems are more internal than external and need to be addressed soon enough.


Source : IIPM Editorial, 2012.

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Monday, November 26, 2012

Bad times be damned!

Interest rate hike and mounting inflation has put the brakes on the speeding auto financing industry in the country. Bad times be damned!

 India is undergoing unprecedented change and auto financing is no exception. Earlier 80-85% of auto financing was undertaken by the banks and financial institutions, but with rising interest rates and higher disposable income, more people are opting for an outright purchase using their savings. This seems to be logical to some extent as auto loans are costlier today by 2-2.5% since the beginning of the year. This implies that an auto loan of Rs.5 lakhs for a three year period will get expensive by a further Rs.10,000. And as lenders still account for 70% of auto financing, a rise in interest rates, which subsequently implies a hike in EMI instalments further aggravates the problem, thus leaving the buyer confused! “The high interest rate is very negative for the auto industry,” asserts S. Ramnath, Analyst, SSKI to B&E. However interestingly even in such a scenario there is some good news. As for auto loans (for new car) fall, an increase in sales of second hand cars is bound to happen.

However, auto financiers are on their toes to increase their profit margins. While, a few have shut their financing operations, others are now approaching customers directly instead of routing through intermediaries. Certainly, the economic activity (the high interest rate & burgeoning inflation) has had a knock-down effect and unless these are resolved, the predicament will continue to haunt the auto industry. Screech... Heard those giant brakes?!


Source : IIPM Editorial, 2012.

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Friday, November 23, 2012

Why religion will always be trafficked religiously!

The nature of the beast is clearly hypocritical, given the way the State ‘deals’ with ‘secularism’

A casual walk near my house in Delhi the other day triggered memories of a dilemma I had faced as a youngster long ago in 1986. I saw a bunch of people sticking posters on walls. Curious, I went up to read the words and was shocked into nostalgia. The posters talked about the Amarnath Yatra and how Hindus were being denied the right to worship in their own homeland. The posters exhorted Hindus to rise to save their religion. More shocking, I actually saw fellow citizens read the posters and nod in tacit agreement. Way back in 1986, I would frequently encounter fiery young people who were out to save Hinduism. In those days, it was the great ‘Shah Bano’ betrayal that prompted the self appointed guardians of Hinduism to proclaim that Hindus had become second class citizens in their own country.

Both then, and now, angry ‘Hindu’ activists are accusing the State of adopting a policy regime that is partial towards one religion and discriminates against the other. In 1986, the Indian Parliament passed a Bill that basically overturned a Supreme Court verdict that granted alimony to Muslim women. Most sober analysts trace the rise of the BJP and that even of the extremist fringe outfits like VHP and Bajrang Dal to that one day of infamy in Parliament. In 2008, the Jammu & Kashmir government initially allotted forest land for the construction of temporary shelters for Amarnath pilgrims. In the face of massive protests in the Valley, the allotment has been withdrawn. And now, VHP activists are claiming that once again, Hindu rights are being trampled upon.

Any Indian with common sense would know that the charge hurled by VHP activists – of pampering Muslims at the cost of Hindus – is utter hogwash. Be it government jobs, access to health and education, employment opportunities and what not, Muslims have a lot to be angry with policy makers in the country.


Source : IIPM Editorial, 2012.

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Thursday, November 22, 2012

What Russia wants

From Gorbachev to Yeltsin to Putin, every new Russian president has drastically altered his country’s relationship with the world. How will President Dmitry Medvedev change it again? Here are the clues that reveal what the Kremlin is thinking, and, more importantly, what it really wants.

This much we know: In the two decades since the collapse of the Soviet Union, Russia has transformed itself from a one-party state into a one-pipeline state – a semi-authoritarian regime in democratic clothing. At the same time, Russia has grown increasingly independent and unpredictable on the international political scene. And now that Vladimir Putin has successfully installed his handpicked successor, Dmitry Medvedev, is nowhere near relinquishing his grip on power. Putin’s foreign policy is here to stay.

But there’s so much we can’t know about the direction Russia is heading. It is, at once, a regime that offers its citizens consumer rights but not political freedoms, state sovereignty but not individual autonomy, a market economy but not genuine democracy. It is both a rising global power and a weak state with corrupt and inefficient institutions. The Kremlin’s regime seems both rock solid and extremely vulnerable, simultaneously authoritarian and wildly popular. Although Russia’s economy has performed well in the past 10 years, it is more dependent on the production and export of natural resources today than it was during Soviet times. Its foreign policy is no less puzzling. Russia may be more democratic today, but it is less predictable and reliable as a world player than was the Soviet Union. The more capitalist and Westernised Russia becomes, the more anti-Western its policies seem. The more successful Russia’s foreign policy looks, the more unclear its goals appear.

Russia’s contradictory development has succeeded once again in capturing the world’s political imagination. Putin’s tenure has left most people confused about what role Russia now wants to play in the world. In recent years, for example, Moscow has orchestrated a noisy and confrontational return to the international scene. It decided not to cooperate with the West in taming Iran’s nuclear ambitions or in settling the final status of Kosovo. Last year, the Kremlin unilaterally suspended the Treaty on Conventional Armed Forces in Europe. It blocked the work of the Organisation for Security and Cooperation in Europe. Gazprom, Russia’s gas monopoly, aggressively tries to control the energy supply throughout the region. The country’s military budget has increased six fold since 2000. Russian planes are patrolling the Atlantic. Moscow’s intelligence network is creeping into all corners of Europe. Not since the hottest days of the Cold War have so many wondered just what was going on behind the Kremlin’s closed doors.
 

Source : IIPM Editorial, 2012.

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Wednesday, November 21, 2012

Obama had a dream last night

Barack Obama has won the battle. Will he also be able to win the war?

Will Senator Barack Obama achieve what Martin Luther King dreamt of? Downing Hillary Clinton in America's mother of presidential battles, Obama has inspired Americans like few other Presidential hopefuls have, and is being put in the same league as the great Lincoln and Jefferson. His speeches, sharp, fresh, eloquent – and most importantly honest – have remarkably struck a deep chord in even sections that were earlier prone to partisan passions. After two disastrous Bush terms that saw America's popularity plummet to a record low, Obama's triumph is seen by all as the one thing this great country needs to stay together. With an economic slowdown besetting it along with so much else, the Americans and all those whom its well being impacts, now feel they have the man who can pull the country out of the current quagmire. Yet, all agree that Obama's choice of running mate will be crucial in the long haul. Texas-based analyst, Mike McIlvain, told B&E: "Obama will need strong support to help carry some areas, but former Navy pilot and Vietnam prisoner of war McCain has hurt himself by embracing Bush programmes and policies rather than be his own man. There is still a lot of hard work to be done by anyone involved in presidential politics between now and election day in November."

Being his own man has been the cause of Obama's super delegate winning spree, with delegate after delegate embracing his once obscure candidature.


Source : IIPM Editorial, 2012.

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Tuesday, November 20, 2012

TERRORISM: CENTRAL ANTI-TERROR AGENCY

The lack of a central anti-terror agency is hitting some countries too hard

One still well remembers what happened in the Beslan school terror attack where more than a thousand students were made hostage by a Chechen rebel group, or the Moscow Theatre crisis where more than 700 hostages were taken by similar guerrillas. The special anti-terror force called OSNAZ of FSB, the Russian version of FBI, did what it had to do, without worrying about short-term implications [that is, they killed most of the rebels without negotiating]. Though it can be argued whether this was an intelligent move, the fact is, in cases of national security, individual states take second place.

Ireland, Switzerland, Norway, Sweden, Australia, Denmark and many others have wiped themselves clean of terror attacks. The case is surely ripe for setting up similar central agencies even in countries like India. So has India moved ahead? We hear they can’t even decide on a central active commander for their defence forces (who continues to be the non-executive titular head, the President), what to talk about their intelligence agencies. What’re they waiting for? We know the answer – Bruce ‘Die Hard’ Willis! He always ends up saving the world!


Source : IIPM Editorial, 2012.

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Monday, November 19, 2012

Yes, Dr. Singh! It’s a huge crisis that looms in front of us; yet, it’s an excellent opportunity to display great leadership and become a statesman!

 It seems that the ruling United Progressive Alliance (UPA) is all set to gift away a comfortable victory for the Bharatiya Janata Party and its allies in the forthcoming Union elections, with the latter doing nothing much to earn it. Looking at the way things are happening, it is as if history is repeating itself. It was not very long ago that onions had taken away the sheen of whatever good work that the then National Democratic Alliance had done. The electorate had then ruthlessly stripped them of their power, showcasing the crude fact that the Indian electorate posses extremely short memories, particularly when it comes to elections. And this time, no one else is realising it more than the ruling UPA. They realise that gone is the euphoria they created by gifting the huge Rs.60,000 crore loan waiver for farmers in this year’s annual budget, and that too barely two months ago. And gone along with it is the positive sentiment that was created by the increase in the non-taxable income from Rs.1 lakh to Rs.1.5 lakh. Also gone is the populist Sixth Pay Commission, which was clearly to woo the Indian middle class.

In less than a few weeks’ time, all that the UPA (and not just the Congress) had tried to prove – as being the representative of the aam aadmi – has been withered away by a phenomenon that is taking catastrophic proportions not just within the nation, but globally. The inflation figure, which is hovering at around 7.33%, has been giving sleepless nights to most governments across the world, including the UPA. In fact, UPA should remember quite well how, around a decade back, BJP had to pay dearly by getting routed in three state assembly elections, simply because the prices of onions had skyrocketed. And this time, it is not just onions; prices have shot up across each and every basic commodity, making things extremely difficult for the Congress. And out of nowhere, a disorganised opposition led by BJP, has found a major poll plank to avenge its earlier defeat. And if the UPA fails to reign in the prices, then it is needless to state that it would all be over for them, at least in the forthcoming elections.

It is a fact that other than certain climatic disruptions, most of this crisis has been primarily driven by the US, with their policy of diverting corn towards extraction of ethanol for bio-fuel being a major reason too! In addition to this, there has also been a sustained increase in the consumption of food in many of the developing countries, especially India and China! Moreover, China’s insatiable demand for steel and other basic commodities has anyways led to an increase in the general price index all across the world. But then, the simple fact that price rise is a global phenomenon, need not be excuse enough for not taking positive actions in India; on the contrary, this is an opportunity for India and its leaders to lead from the front and augment credibility not only for themselves, but for the nation as a whole. Not only that, if it were an Indian problem alone, one could still afford to be relatively complacent (as the world would always be there to help during a real crisis). But this time, it’s a global problem; and if we get into a crisis, there would be very less help coming our way, as all countries would be busy saving their own economies. So it becomes nothing less than imperative for the government to take urgent and proactive measures to solve this crisis.


Source : IIPM Editorial, 2012.

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Thursday, November 15, 2012

PEPSICO: ACQUISITION OF LEBEDYANSKY

While PepsiCo sees greater inroads into Russia, all that experts can see is a marriage going bad

Well, not really! The Russian hat which appealed heavily to PepsiCo also has a torn feather attached to it. And what’s the proof of it? Lately, Lebendyansky has been suffering from shrinking profits with a surge in its advertising and warehousing costs. Moreover, if we are looking at divisions which appear lucrative, it’s got to be either the baby food or its mineral water units, which are growing faster than its maturing juice business.

Of greater concern is the fact that many experts and research agencies, too, have forecasted that this deal would not reap any big fruit in the mid-to-long term. “Consistent measures of Pepsi system credit rating benchmarks are expected to remain unaffected with this deal,” explains an analyst at s&p. Another challenge lying ahead for the company is to perform in the face of high cost inflationary pressures, something which looks difficult to imagine at the moment.

This apparent counterattack on its rival Coca-Cola, which also owns a Russian juice-maker, Multon (which it bought in April 2005 and which then had a market share of 25%), does appear to be a risky proposition. And with bcg’s July 2007 report proving how M&As value beyond $1 billion destroy twice as much value, wonder – could PepsiCo have just perhaps overdone it a bit?


Source : IIPM Editorial, 2012.

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Saturday, November 10, 2012

Freedom gets revisited

The revolt by the discontented monks fatally imperils Tibetans under the Dragon’s watch

China has blamed the “Dalai Lama clique” for the deaths that it says occurred during last week’s Lhasa uprising. Several hundred inmates of the Sera and Drepung monasteries had spilled into the streets last Friday to mark the 49th anniversary of the failed Tibetan uprising against Beijing; and more in the Ganden and Lutsang monasteries in Qinghai (Amdo in Tibetan) had shouted slogans urging the Dalai Lama to return from his exile in India’s Dharamsala district. There is no source other than the state-run Xinhua news agency to confirm the death toll. A provincial official was quoted as saying, “The victims are all innocent civilians and they have been burnt to death.” He added that no foreigner was among the victims, but that several Chinese policemen were injured – though none critically. In reality, the toll could be very much higher.

A resident told London's Guardian newspaper that he heard an explosion and then a succession of shots almost every minute. While they could have been water cannon, the mayhem on the streets kept him indoors for hours. "I am too afraid to go out," he said. "It is chaos out there!" Tibetan support groups overseas claimed they were getting reports of more fires and protests near the Tromsikhang market in central Lhasa.


Source : IIPM Editorial, 2012.

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Friday, November 9, 2012

Sonia’s dream budget

This year’s Budget may be finalised at 10, Janpath, and not 7, Race Course Road. The FM has a new team to help him balance political and economic pressures. By PRAMOD KUMAR

On the last day of this month, in a leap year, the UPA government will unveil what could be its last full-fledged Budget before the general elections in 2009. It obviously implies that the FM P. Chidambaram will need to do a tough balancing act between pre-poll populist pressures and a desire to carry forward the reforms agenda to please both foreign and domestic investors. This year, India’s two pillars of reforms, PM Manmohan Singh and Chidambaram, will have an almost new Budget A-Team to win the electorate’s hearts, and also push economic growth and reforms.

Heading the team is finance secretary, Duvvuri Subbarao, an economist who has had the benefit of a stint in the Prime Minister’s Economic Advisory Council. Subbarao, who began the corporate practice of offsite retreats for the Department of Economic Affairs officials, is an Andhra Pradesh cadre IAS topper of the 1972 batch. Helping him closely will be revenue secretary, P.V. Bhide, expenditure secretary, Sanjiv Mishra, the chief economic advisor in the finance ministry, Arvind Virmani, and the newly-appointed advisor to the finance minister, Shubhashis Gangopadhyay, who joined less than a month ago. Mishra is the only old hand in this Budget group. Gangopadhyay and Virmani, both reputed economists, have a crucial role in the Budget exercise with the government facing the dual challenges of a possible inflation jump and deceleration in key sectors. Nor is news on the global front encouraging with the threat of recession in developed economies like the US looming large. Virmani, appointed last July, is a Harvard economist who did his thesis under Nobel laureate Kenneth Arrow. He is a ‘Manmohanite’, having worked with the current PM during his FM avatar as his advisor on policy planning. He will bring to the table his recent experience in the Planning Commission, where he was the principal advisor.


Source : IIPM Editorial, 2012.

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IIPM : The B-School with a Human Face
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Thursday, November 8, 2012

Global plans

With steel as the lynchpin of his global plans, Ratan Tata ensured a dramatic transformation of Tata Steel. By a. paul, s. nahata

 Alison Richard, Vice Chancellor, University of Cambridge told B&E, “Whenever a company decides to go global, it has to start from the thought process of the leader. Very small details can play a major issue in playing globally.” It was in the year 2004 that the Ratan Tata led Tata Steel – which had at that time a steel producing capacity of 4 million tonnes per annum (MTPA) – took the most praiseworthy giant stride for any Indian steel corporation when it gobbled up the considerably significant Singapore based NatSteel Asia, a 2 MTPA steel producer, for $343 million. Ratan Tata’s shrewdest focus was on transforming the steel value chain dramatically. His tactic was to supply low cost steel produced in India to NatSteel, which would then churn out a high-value finished product to cater to quality-intensive global industries like aerospace, automobiles, construction etc. In 2005, the target for was the 1.7 MTPA Thailand based Millennium Steel, which Ratan Tata successfully negotiated for $130 million! In the same year, he also acquired a significant 5% stake in Australian Coal Mines.

But the most brilliant of all moves Ratan Tata has ever made came in the year 2006, when this exemplar leader bid for Corus – a mammoth 18.3 MTPA UK based steel corporation. He closed the deal at a whopping $12.1 billion in January 2007. Though he became an immediate toast of the nation, random criticism for the overly priced deal by experts and analysts alike came in from all quarters. In fact, Standard & Poors immediately downgraded Tata Steel’s credit rating from BBB to BB, a grading that holds even today for the firm because of the massive debt servicing levels due to the Corus buyout. Even the share price of Tata Steel suffered massively at that time, going down from Rs.537 on October 5, 2006, to Rs.419 on March 6, 2007, what with shareholders on a selling spree. But the ever-confident Ratan Tata had then told his detractors that shareholders, who’re thinking in the short term, will rue their decision to sell Tata Steel’s shares. Prophetically, exactly one year after the deal, the share value rose thunderingly to Rs.988, settling to more sensible levels as on February 3, 2008, to Rs.776.


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.
 
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



 
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Wednesday, November 7, 2012

Civilising anew

A benchmarked in education

“The mind is not a vessel to be filled but a fire to be kindled”- as Plutarch had said. And the good news is that this piece of wisdom seems to have percolated down to the Indian Government…what else could explain the momentous pact that India signed with the ASEAN countries at the Fifth India-ASEAN Summit at Cebu, which was primarily aimed at strengthening the Student exchanges between India and the other ASEAN countries. Education has ceased to be a mundane classroom lecture and has risen from being mere bookish knowledge to an IQ based orientation. Indian premier Institutions like the IIMs, IITs, IIPMs, MDI and many more had already sowed the seeds of student exchange a long time back and this pact between India and ASEAN countries has further fortified such interactions and broadening of horizon. The fact that India was a host to about a hundred students from the ASEAN countries goes to prove beyond doubt that India is not just focusing on its horizontal growth through economic activities that has burgeoned by 30%, but also on its vertical growth by incorporating better education means.


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.
 
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
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Tuesday, November 6, 2012

Building a naveen state

DHRUTIKAM MOHANTY feels that Orissa’s CM Naveen Patnaik can become the head of state for the third consecutive term

At the age of 50, Naveen Patnaik entered politics, contested the Lok Sabha by-election in 1997, necessitated by his father Biju Patnaik’s death, and was elected an MP. Soon after, he formed a new party, faced fresh polls and became a Cabinet Minister at the Centre and, later, the CM of Orissa, both in 2000 and 2004. On 26 December, 2007, his Biju Janata Dal (BJD) celebrated its 10th anniversary, which also marks Naveen’s completion of a decade in Orissa politics. His phenomenal rise is like a fairy tale. His journey from a writer to a wily politician is interesting. In 1985, his first book on Indian costumes, ‘A Second Paradise’ was launched and sold over 30,000 copies in America within a few days. In 2008, he is being called a truly ‘developmental’ CM.

He was adjudged one of the best CMs in various polls conducted by media houses and industry associations. Moreover, he took the initiative of taking Orissa towards industrial revolution. In the recent past, the state has bagged the biggest FDI project – the Posco steel project with a proposed investment of Rs.52,000 crore. Within four years, the state has signed 105 MoUs with both domestic and foreign firms with an entailed inflow of Rs.277,400 crore. Big names like L.N. Mittal, Ratan Tata, Anil Agarwal and Anil Ambani have announced plans to set up projects in Orissa. One of the state’s top bureaucrat explains, “Partly because we have a system where if the CM says something, it will be done, nobody can oppose him. But mostly, this is perhaps the only state where you can meet the CM and be sure that he won’t ask you for money.” When asked about his much-lauded incorruptibility, Patnaik says, “I am not married. I don’t have children. Who am I going to leave all the money to? I have never been interested in possessions. If you own too many things, they end up owning you.”

Still, Patnaik is not free from corruption charges. BJP’s national VP Jual Oram criticized the CM for his alleged involvement in a multi-crore kickback in the case of the MoU signed between Orissa and South Korean steel major Posco. He demanded a CBI probe into the matter. Further, opposition Congress members have blamed the CM for closing the doors of government offices for new entrants in the name of reforms. Sivananda Ray, VP of Congress says, “Actually, in last seven years, employment generation in the government sector was almost zero.”


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.
 
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

 
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Monday, November 5, 2012

Oil never melts in water

Water scarcity may lead to doomsday, globally

Geo-politics with water is a new concern, albeit it takes the second fiddle to oil as a political tool. Fresh water is only 0.4% of the total water bodies on Earth and its availability is decreasing, by 30% to 40% over next 20 years. Middle East, though oil rich, is not water rich. This region has 1% of total water reserves, being shared by 5% of world’s population, it’s home to. The politics over water in Middle East has already started. As always, Israel is the bully in the region, depriving Jordan, Syria & Palestine of their due share of water. In 1994, Israel and Jordan signed a ‘peace treaty’ in which Israel promised to provide 50 million cubic metres of water per year. Israel changed like a chameleon, refusing to honour the treaty in 1999. Back home, there was a conflict of interest between India and Bangladesh over water sharing of Ganga. The construction of Farakka Barrage, became bone of contention between the two. An amicable agreement was reached in late 1990s to share the water more equitably. The misuse, pollution and wastage of water is making it a scarce to humans.


Source : IIPM Editorial, 2012.

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