Managerial attitudes and it's implications

The situation:

One night, Rajul was not feeling well and so he took some medicine to get sound sleep. At the middle of night, his cell phone started to ring continuously but each time it went unanswered. This prompted one of the security staff member to come to his house and wake him up.

The security guard woke up his wife Tosty and informed her that the back door of Rajul’s office has been found open. When she told this to Rajul, he immediately called the senior security guard to get complete information about his office and later decided to visit the spot. Meanwhile, he kept on wondering if anything had been stolen from his office that had so many important documents, including those on the work of one of major tenders that were in process. Before he left the house, his wife asked him to lock the door from outside. Click here to read more..

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Even our youngest parliamentarians are old enough to be youthful ''uncles''.

So well! While nearly 40 per cent of voters in India are in the 18-year-old age group, many Indian politicians are doddering old men. Many of the country's topmost positions are held by people aged 60-plus. Of the 31 Cabinet ministers, nine are in their seventies, 15 in their late sixties and three in their eighties. Only four ministers are in their forties and fifties. They do have wide experience. But what good is that when it cannot be made use of?


This is not to say that politicians need to have a retirement age; just that they should be able to function while they are in saddle. According to one survey, the average age of Lok Sabha is 53.

Barack Obama is America's President elect, and he is just 47. He is right now busy picking his team. And the man he has chosen to run the US treasury, Timothy Geithner, is his own age and heads the Federal Reserve Bank of New York. But to tackle the worst economic crisis in 80 years, Obama has recalled Paul Volcker (81), who, a full generation ago, had tackled the mid-80s' economic crisis in the US.

And the media has welcomed the choice, with SunTribune.com commenting: "Nobody knew whether his strategy would work. It certainly caused widespread pain. But by 1986, double-digit inflation was gone… Now Volcker is back… and if the president-elect follows his advice, there could be pain again and no doubt many protests but also the possibility of long-term benefits."

Indians have voted for the same thing: young dynamic leaders at the forefront, mature advisers to back them with wise counsel and the patience that comes only with age. As the TSI-ICMR survey shows, while 87 per cent believe experience plays a vital role in making a successful politician, 82 per cent still think that younger leaders would run the country a whole lot more efficiently. (See box). ....Continue

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The Sunday Indian

“BJP played politics with martyrs’ blood and lost”

Perhaps the most stunning verdict in the five-state polls – described as the ‘semis’ to the General Elections – was Sheila Dikshit’s Congress return to power a third time. She explained the whys and hows to TSI's Anil Pandey

Congress has created history by coming to power thrice in succession. Who do you credit this with?
The love and affection of the people and the skilful leadership of Sonia Gandhi is what has together made this possible.

Given the problems you had is this Sheila Dikshit’s victory or Congress'?
This is Congress’ victory. I am grateful to the people of Delhi and the party workers for this. I thank them for this win.

Did you ever sense you'd win?
I had full confidence over the achievements of my government. The massive scale of development spread over the past 10 years are evident to people. Which is why I knew always that we would win.

What are the major factors behind this win?
Citizens of Delhi want development. They are happy with our work. We have pushed developmental projects even in areas under opposition MLAs. We are moving heaven and earth to make Delhi into an international city. And the people have voted us to power a third time primarily to keep up the pace of development.

So would you say that people ignored BJP’s campaign against terror and price rise just because of development?
The BJP is playing politics with terrorism, and the people of Delhi know this. But Congress had gone to the people with development as the agenda, and they voted us back to power. The results are clear.

What are your new ministry's priorities after this victory?
To pace up the developmental works, and get ready for the Commonwealth Games. The prestige of the nation depends on how well we pull of the Games. Besides, we are still on the move to make Delhi the international city it deserves to be. And there are miles to go yet.

People talked about infighting in the Congress, about how your chances were going to get stymied.
That is what the BJP said, but we never had the kind of dissidence they did. Infighting in BJP almost led to sabotage during the BJP campaign. That never happened to the Congress. I had the support of my entire team and workers.....Continue

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The Sunday Indian

PRP-trs or tdp-trs-left?

A grand anti-Congress alliance is taking shape in Andhra Pradesh, with both Communist Party of India and Communist Party (Marxist) joining hands with the Telugu Desam Party (TDP) and the combine has now invited Telangana Rashtra Samithi (TRS) to join them to dethrone the Congress. The communists have been spearheading the Telangana struggle even in British times and have a major base there. TDP has proved its prowess in Telangana by winning one-third of the seats during the by-elections, conducted due to mass-resignations of TRS legislators. The TDP-Left combine is surely going to influence the Telangana voters. Film star Chiranjeevi-led Praja Rajyam Party (PRP) has announced its willingness to have a pre-poll alliance with any opposition party.....Continue

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The Sunday Indian

Reluctant negotiator

Days after the stunning cycle of events, it became clear that India’s response to the deadliest ever strike on its soil by suspected Pakistan-backed terrorists in Mumbai, has been caught in a time warp. Apart from summoning the Pakistani High Commissioner, Shahid Malik, and putting up an old list of its most wanted, including the likes of Dawood Ibrahim and Azhar Mahmood, India’s reaction has been weak kneed. A mild-mannered Manmohan Singh has refrained from directly naming Pakistan but investigators probing the multi-layered case say they have come up with concrete connections with the neighbouring country, including phone numbers, addresses, telephonic intercepts, products with labels, all pointing to a 'Made in Pakistan' tag.

The prevailing view in New Delhi is that the attack could not have emanated on President Asif Zardari's orders but the ISI and the Army which are out of his control.

Most important for India is the account of captured terrorist Mohammed Amir Qasab, who after indulging in an orgy of killing, was arrested on the night of November 26. The demarche served to the Pakistani envoy was not different from what Pakistani diplomats in Delhi are used to receiving: the charge of their country’s complicity in the numerous bomb blasts, which have claimed thousands of lives in India, demand that top terrorists and criminals stationed on Pakistani soil be returned, and terror camps like that of the Lashkar-e-Taiyaba (LeT) be closed forthwith....Continue

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The Sunday Indian

Shankaracharyas for Sale

What does one have to be -- and do -- to become a shankaracharya? One must be a Hindu of course -- but what else? Well nothing. One does not need to attend a seminary, or start out early in the pursuit of godhood. One can train to become a doctor, an engineer -- anything… And then, provided there is the money to buy the passage to sainthood – anyone can take the route that Gauri Shankar Shukla of Allahabad took in 1990. That was the year when Shukla quit his job as an army wireless operator -- the transforming year for this family man who had sired five children. But the saffron gods had bigger plans for him, and within five years he was made head of the Ani Akhada and given the title of Mahamandleshwar Madhavanand. Another five years, and he was a “shankaracharya”!

“I have been declared shankaracharya of Prayag Peeth by the great Kashi Shankaracharya himself, and duly approved by the Prayag Vidvat Parishad (committee of Prayag intellectuals),” he told TSI.

Shukla is not alone in this. This was the very route that Sudhakar Dwivedi, a non-commissioned officer of the Indian Air Force, took to become “shankaracharya” of the Sharada Sarvadnya Peeth in Pakistan Occupied Kashmir. In his case the “approval” came from the Varanaseya Vidvat Parishad (committee of Varanasi intellectuals). Dwivedi was nabbed on the basis of his mobile phone records. He had borrowed the phone from Pandey, his neighbour in Kanpur. That was also how the surname came to be attached to his own.....Continue

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The Sunday Indian

The idea seems to be to cut out cost accountants totally

The provision of statutory cost audit by Cost & Management Accountants (CMAs) in the present Companies Act, now covering 44 industries, provides an independent review of costs and cost management efficacies of corporates.

This issue was discussed during a meeting of the general members of Eastern India Regional Council (EIRC) on November 1 at Kolkata where a strongly worded resolution was adopted in support of retaining the exclusive right of CMAs to do cost audit. Interestingly, soon after this resolution was highlighted by the media, Kunal Banerjee, ICWAI president who is also an ICAI member (a former practicing CA), slapped show case notices on EIRC vice president and treasurer asking why disciplinary action should not be taken against them for airing their views – which he found to be in “bad taste” and which had “damaged the cause of the Institute to a great extent” – to the media. This show cause notice has come as a surprise to many members who wonder if the ‘cause of the institution’ could be helped by abolishing CMAs’ right to do cost audit, and if the ICWAI president was more inclined to serve the interests of chartered accountants, even if it is at the cost of CMAs. In the ICWAI Council, four out of five government nominees are chartered accountants.....Continue

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The Sunday Indian

Independence and development are integral to prosperity

To overcome all these, Kosovo needs to focus equally on both internal favorable policy initiatives as well as good relations with other European and non-European countries. Yet, Kosovo seems to have lost its way down the road. One wonders for how long Kosovo can depend on external aid for its survival. One is then forced to wonder if Kosovo was better under Serbian rule. Likewise there are provinces in China, India, France and Spain, which have been waging armed struggle for 'independence'. Today, Chinese provinces like Zingjiang, Mongolia and Tibet are witnessing robust economic development and prosperity. Would they have witnessed the same as independent states? In India too, while states like J&K and some in northeast have been clamoring for politicla freedom, will they survive at all as independents? Likewise South Asia would have been a far more prosperous entity had India, Pakistan and Bangladesh been part of a unified nation. Today, inspite of shortage of skilled labour in Indian IT indiustry, Bangladeshis and Pakistanis are denied visa to work here. It would have been a different situation in case of a South Asian Union like EU. Though development cannot be an alternative to freedom but a little tactical and cooperative move for common development can be fruitful instead of resentment and anger.....Continue

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GIDF The Daily Indian IIPM Think Tank
The Sunday Indian

Bittu Sahgal recounts some of his most memorable moments in the Indian wilderness.

I marvelled at the method in nature's apparent madness where predator ate predator in the process of playing out a deadly game of hide and seek. Dimbhum is not a sanctuary or national park, yet it throbbed with life. At night, the watchman confirmed, a sloth bear had visited the forest department campus. And sambar deer tracks confirmed they had walked through the flower beds. I saw no elephants, but knew they were around from their droppings in the nearby bamboo forest. There is more wildlife and more nature to be experienced in the raw in India than almost any other country in the world.

I have been lucky to see the tiger in many parts of India but one of my most memorable sightings have been in Tadoba and the Sundarbans. It was night time in Tadoba. I love Tadoba. It has a raw beauty all its own and there is something electric about a dark forest. It’s not just the sounds or the smells that seem purer somehow, but rather the anticipation. “What lurks beyond? Which incredible animals have come out to do the night shift?....Continue

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The Sunday Indian

It seems fairly certain that jihadi elements, rather than internal ultras are behind blasts

The name of the United Liberation Front of Asom (ULFA) too has risen in various quarters in connection with the recent blasts in Assam. While ULFA has mastered the science of serial bombings, along with that of handling RDX, ammonium nitrate and programmable timed devices, all of which were used in the Assam blasts, one must take into account the fact that the ULFA has never detonated bombs beyond 10 kgs; according to forensic experts, the bombs used in the latest blasts used anything between 30 kg and 40 kg of explosives. Also to be mentioned is the fact that even if the ULFA were to be responsible for the recent blasts, there would be reason to ask if their actions had the sanction of the outfit’s high command, especially when its commander in chief, Paresh Barua, has denied involvement in the blasts. In the years before the Bhutan operations in 2003 the ULFA, in its secessionist form, is known to have largely targeted government installations, political workers and security personnel. That, however, changed after the Bhutan operations, following which the ULFA did take to bombings. Even then, though, the outfit chose as its targets Hindi-speaking people and commercial areas. There isn’t as yet enough evidence to blame the blasts conclusively on the ULFA, till further and more concrete evidence is unearthed in this direction.

The lack of evidence at this juncture against the ULFA would give credence to the belief that jihadi elements are involved in these blasts. Given the assistance in terms of cars, SIM cards and site selection, it is clear that the blasts this time were carried out with local support. Again, while one does not hear SIMI being mentioned, and while the outfit is not very strong in Assam yet, HUJI and SIMI are now blood brothers. Besides this, the seven armed youths killed on the Indo-Bangladesh border recently by the army which said they were HUJI members who could not be identified on Indian soil, showing that they were not locals. Finally, HUJI or not, there is enough scope to believe that they were part of a terror outfit based in Bangladesh.

The bombing plan that was put in action this time is ominous; it would be wrong to believe that one has seen the end of such blasts. Not apprehending the real culprit based on real evidence would only leave open the door to more such attacks that could perhaps be even deadlier. One must remember that a man called Kari Salim had been apprehended in the year 1999, before his terror group in Assam could be activated.

His interrogation led to the recovery of huge amounts of RDX on the Indo-Bangladesh border in North Bengal by a joint team of the Assam and West Bengal Police. This only indicates that there exists in the northalleast of India a conspiracy by the ISI. ...Continue

Harekrishna Deka
ex-DGP, Assam & Sr Journalist

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The Sunday Indian

Strike Force India

IIPM Publication
It is the kind of cricket wisdom that perhaps predates W G Grace. For long ‘Bowlers win test matches and batsmen save Tests’ has been an adage whose truth has been held to be self evident. Every team that has had a great run in the Test arena always threw up images of a fearsome bowling attack than a set of destructive batsmen. Sure, the West Indies had a Viv Richards but it was the pace quartet that was feared more. Australia’s true turnaround in the modern era started with the emergence of Glenn McGrath in the West Indies tour of 1994 and Shane Warne in England. Pakistan’s flashes of brilliance have always radiated from the winding run up of a Waqar Younis or a Wasim Akram. And the way the tide is currently turning (Ishant Sharma just bagged a man of the series award in a home series – a feat achieved last by an Indian fast bowler when Kapil Dev won it against the West Indies way back in 1983), it would not be far fetched to crown India’s bowling line up as best in the world.

Before you restrain me for going over the edge with an over hyped statement, let me present my defence. It would be hard to explain their recent run against the World’s no.1 test team, Australia, otherwise. Over 2008, India has a record of 3-1 against the Aussies over 7 tests, and if you exclude the controversial Sydney test, it is 3-0 over 6. That remarkable streak has been crafted particularly courtesy of some phenomenal bowling, be it Ishant Sharma’s burst against Ponting, Zaheer Khan’s potent mix of aggression, accuracy and reverse swing, Amit Mishra’s good old fashion leg spin or Harbhajan Singh’s uncanny ability to strike when it matters. Javagal Srinath, arguably one of India’s all time great cricketers and one of its best fast bowlers wholeheartedly agrees. “I think the way they (the Indian bowlers) have turned out playing the series against Australia, that itself is evidence enough to say that it is the best bowling attack in the world at the moment,” he told TSI.

So, does this attack have what it takes to be the best in the world? Just look around and you find that post McGrath and Warne, Australia have only one spearhead, Brett Lee, and Johnson and Clark have been stock bowlers at best. Even Krejza’s debut success is a matter of statistics rather than truly great bowling. South Africa doesn’t quite have the replacement for an Allan Donald or even a Shaun Pollock as yet and Sri Lanka seem too reliant on Muralitharan and Mendis....Continue

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The Sunday Indian

Heavenly Body! Xpose

Titian’s Venus and Homer’s Helen, metaphors each, for a bewitching beauty that could enchant gods and saints into sinful seductions. But even they would wither and burn in shame and envy if they were to but share daylight with the exquisite grace of the diva divine – Monica ‘ummm’ Belluci. Nature kissed her on the mouth and left the world green and gasping. As she blossomed, everything male in sight – either in thought or deed – just dropped and fell, if only to kiss the ground she walks upon! She’s spun a spell on the men and all that women can do is get intensely infuriated! No mortal could possibly possess such perfection, and even if they are born with such flawless features, time must take its toll, right? Wrong! At 42, the lady who says, “I believe that time destroys everything” looks not a day older than Aphrodite, as she bathed under the fountain of eternal youth. And she doesn’t diet and exercise to look her gorgeous self either, “I eat everything. I’m not fixated with getting skinny, I respect the natural” says Monica. She’s got the brains to compliment her lissome legs too; after all she was studying law before her part-time career took over her life!

Monica Bellucci isn’t just another pretty face, for she’s proved over and over that she can woo serious moviegoers as well, starting out with L’Appartement (1996) that won a nomination for the French equivalent of an Oscar. In her co-star of L’Appartement, Vincent Cassel, she discovered her future husband, with whom by the way she doesn’t share an apartment, so as to keep things from getting boring! English speaking audiences got a good look at the lady in Malèna (2000), a movie packed with some steaming hot scenes between Monica and a teenage boy. Monica has no qualms in appearing on-screen in her birthday suit, and has been caught saying, “I have shown my body because I do not object to nudity on-screen. That offends some people, I know, but not me.” More fame pursued her as she moved on to play Persephone in The Matrix Reloaded and The Matrix Revolutions following which she portrayed Mary Magdelene in Mel Gibson’s labour of love, The Passion of the Christ. She’d even tried for the role of the Bond Girl but was rejected, much to the chagrin of Pierce Brosnan who holds that “Monica Bellucci is a ravishing beauty - a gorgeous, gorgeous woman”! Read More..

Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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Thank God, I managed to pass!

Although the real impact of the US slowdown is yet to be felt, India Inc. is facing the brunt in advance
Perhaps ‘slowdown’ is the most talked about word since we entered the year 2008. Raison d’être, the present state of the US economy! While the world is going apprehensive over a probable recession in the US and its impact on the world economy, the word slowly and quietly seems to associate itself with India Inc. A closer look at its Q3 report card confirms the same.

After a superb show for quite sometime now, India Inc.’s profitability seems to be on a downward slope for the third quarter of the financial year 2007-08. As per the results announced so far (2,024 companies as on February 4, 2008) aggregate gross sales of India Inc. stand at Rs.5.49 trillion as compared to Rs.4.75 trillion for the same period in the previous fiscal, registering 15.5% growth. Indeed way below the 28% growth recorded during Q3 FY 2006-07. However, the worst is when you consider the reported profit after tax growth figures, which have come down to 27% to reach Rs.704 billion from a high of more than 50% in Q3, 2006-07. So who is to be blamed?

“Rising input prices are the culprit,” reasons R. K. Gupta, MD, Taurus Mutual Fund. According to him, “Prices of raw materials have gone up during last half year or so. But due to the market competition, companies are failing to pass it to consumers. As a result their bottom line is getting affected.” A further analysis of profitability reveals that the growth story dips further (to 24%) if one doesn’t considers India Inc.’s ‘other incomes’, which would perhaps be injustice as other incomes is one area that India Inc. would gloat over; after all it has gone up by a whopping 77.5%. But then, what about the volatility in the share market? Isn’t this decline in growth going to affect it further? “Markets will definitely react to Q3 earnings, but they will be more interested in the future earnings due to the fact that better earning prospects will continue to lure investors, despite a poor previous quarter earning acting as a caution,” says an optimistic K. K. Mittal, Fund Manager, Escorts Mutual Fund. However, one thing is for sure – the current Q3 results will not help much in eliminating the ongoing volatile phase in the market.

Though the sector-wise results – barring a few like banking and oil & gas – are not very encouraging, analysts are still upbeat on a few sectors like pharma and metals. Commenting on Q3 performance of pharma sector, Sarabjit Kour Nagra, VP Research, Angel Broking says, “Barring Dr Reddy’s (34% fall in gross sales), the numbers are in line with industry expectations.” During the quarter under consideration, pharma companies have managed a PAT growth of 22%; and as per many analysts, this is the end of the lean phase for the industry. Affirms Ramesh Adige, Executive Director, Global Corporate Affairs & Communications, Ranbaxy, “The next three years will see a strong global generics market opportunity unfold with an estimated $60-70 billion worth of branded products expected to go off patent. This will provide significant opportunities to global generics companies like Ranbaxy to offer word class generic drugs at comparatively lower price.”

vely lower price.” While the performance of almost all the sectors has come under scrutiny, banking is one, which has performed quite well. It had a good time during the last quarter with both credits and deposits growing steadily. Affirms Chanda Kochhar, Deputy MD, ICICI Bank, “The growth in profits has been robust on account of a rise in advances and improvement in margins.” Despite the fact that the pressure on net interest margin continued throughout the quarter, the sector emerged as the best in terms of net profit growth due to many reasons like strong treasury gains and reduced provisions. The sector’s outlook also remains positive for the coming quarter. “The trend that was observed during the quarter is expected to continue and the future outlook for the sector – especially for the banks in Tier I and Tier II cities – is very optimistic,” prophesies Manisha Porwal, Research Analyst, Arihant Capital.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2008

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

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The moditva model

His development model was based on convincing the people about the benefits of his schemes. By priyanka rai
Narendra Modi looks beyond the immediate gratification for the purpose of getting votes. He aims at multi-dimensional development of Gujarat in the long-term. The vision, concept and implementation of such programmes make him a wily politician who thinks of the next generation in the backdrop of the next elections.

Everyone said that you may not win the elections. Everyone, including the RSS, VHP, some of your own party men, didn’t support you. But still, you won with a huge margin. What do you think helped you win again?

Not for a moment did I feel that I was losing. People did their analysis based on various factors, but they failed to check out the hearts of Gujarati people. Your analysis of any election will come true when you will give the maximum numbers to what the voters want, and not the other factors. I expected the Opposition to say that we were losing, but I did not expect such analysis from people who are supposed to stay neutral.

People say if you hadn’t blended development with Hindutva and a bit of communal flavour, you would have lost the elections?

The Election Commission has the CD of the speeches I delivered during the election campaign. And if my speeches were communal, I am ready to declare that I have lost the elections on moral grounds.

But you did use issues like Ram Setu, a two rupee coin with a sign similar to a cross, and the death of Sohrabuddin?

You call it communal? Communal means if I speak against a community or a religion. If I ask for a common civil court, how is it communal? If I talk about terrorism, how is it communal? This means people who call it communal are of a perverted mind.

What are the secrets behind you governance model?

Firstly, one must come up with a scheme that will benefit the masses. Secondly, we must see that there is a road map for the scheme, how one is going to implement it. Thirdly, one must have the resources like human resources, technology and finance. People must have faith in your project. For instance, when I introduced the Sujalam Suflam Project, I personally went to the villages, met farmers, gave them a presentation, and convinced them. Within seven days, the farmers gave us the land for the 400 km canal.

In the past, you had mentioned that any CM must get three chances, or 15 years to work properly in a state. This is your third term, so do we get to see a fully developed Gujarat after five years?

After five years, I will complete 12 years. So, I am still left with three more years (laughs). What I meant was that in the first five years, we should compare any government with the previous one. In the next five years, we should evaluate how much work has actually been done. In the last stage, we should see whether the government has managed to fulfil the expectations of the people.

So, will a lot of work get over in next five years in Gujarat?

See, for instance, we have the girl child education programme. But even after 60 years of independence, we have only 60% enrolment, out of which the drop out rate is 49%. What can be worse than a situation like this? Now, I have got enrolment up to 60% and brought the drop out to 3%. But if the previous governments would have taken care of this problem earlier, I would have had enough time to bring qualitative changes required in primary education. So, there is so much of pending work that I have to do.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2008

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

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
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Unauthorised construction inside the fort

Rama blamed the authorities of negligence which allowed unauthorised construction inside the fort. And she insisted that a recent remark by Lonely Planet (travel guidebook), as a prime factor that led to reduction in tourism in 2007. Overhearing our conversation, Samantha, a British tourist sitting on the table next to us explained, “Lonely Planet only says not to stay inside the fort for it may contribute to the destruction of the fort which must necessarily be preserved.”

While to some, the fort is a source of livelihood, to many it is their home. Low, wooden roofs to keep cool in summers and warm in winters are a part of an ancient architectural design that has largely remained unchanged over generations. However, amenities have been added to make living easier. The Jain residences is perhaps the most beautiful and well-preserved houses in the fort and therefore the most popular.

What is truly wondrous isn’t inside the houses though but the masterpieces on the exteriors of the houses – beautifully preserved animated wood carvings. Santosh Purohit, actively involved with NGOs working for the cause of preservation and restoration of the fort, strongly puts forth her opinions and perspective, “Most of the forts in our country are like khandars (ruins) and this one stands apart because it is home to a lot of people and its denizens can take good care of it.” Acknowledging the trouble that the residents cause by violating rules, she pushes for a “mutual solution rather than closure.”

As I wind my way through the streets of Jaisalmer, the setting sun lights up the old lanes inside the fort, the pale orange evening sky looking on admiringly at the ‘golden fort’, its beauty mesmerises... Like me, even the sky and the gravelly desert around seemed captivated with the view and perhaps hopeful too, of the preservation of both the shelter and the sheltered.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2008

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

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

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Is Pakistan Musharraf’s own country?

Chances of united democratic alliance against Musharraf are remote
Till date there hasn’t been any election in Pakistan without rigging, says Smruti S. Pattanaik, Research Fellow, IDSA. If this is a fact, then one more truth, which emerges from the current turmoil in Pakistan is that “never before in history of Pakistan, it’s civil society was so keen for elections,” Prof. Uma Singh, Centre for South Asian Studies, Jawaharlal Nehru University, told B&E.

And Benazir Bhutto’s brutal assassination was perhaps the beginning of the rigging. It disturbed, as Saeed Naqvi, Editor, World Report, a syndication service on foreign affairs, said, “the arrangement in which Pervez Musharraf was to be president; Kayani, Army chief, and Benazir, PM, was fixed by the US.” Uma Singh said, “Only after the US gave the green signal, did Benazir returned to Pakistan & she never was critical of the US.” But Benazir’s death has made her Pakistan People’s Party Parliamentarians, like a ship without a captain.

Asif Zardari, Benazir’s husband, Co-chairman of the party, is not very popular, opposed by some PPPP leaders; and her only son, Bilawal, hasn’t finished his formal education. In such a situation, Asif Ali Zardari has designated Makhdoom Amin Fahim, Vice-Chairman of PPPP as Prime Ministerial candidate. “Fahim has run the PPPP in Pakistan during Benazir’s absence and didn’t show political ambitions,” Pattanaik told B&E. The elections have been postponed to February 18 for various reasons. Naqvi feels that PPPP & Nawaz Sharif’s party, Pakistan Muslim League (Nawaz) might come together for the election. But, PPPP, with Nawaz Sharif, won’t be compatible to the US. And, for that matter, neither to Musharraf.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2008

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

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

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Europeanisation of Balkan nations

The increasing trend of Europeanization has impressed Balkans too
Though the sudden split of Yugoslavia and the US’ battle for democracy have given birth to many independent Balkan states, but it left many uncertainties about their future. Few of them got influenced by the US or West and rest remained in strict and straightforward way, pro-Russia, in the light of darkness and ambiguity. Interestingly, last few decades have witnessed a sluggish shift among these nations towards the European Union (EU).

The vulnerable Balkan region has been annexed, ruled and controlled by many monarchs, communist dictators. Ethnic conflicts, civil war in Yugoslavia have established many island as sovereign states, after 1991. But most of them remained unknown to the world.

With eventual realisation of democracy and growing awareness, human rights, trade, tourism and socio-economic development, Balkan nations started shifting towards European community. As a result, it is recently that the world explored Bulgaria, Romania and Slovenia after they became permanent members of the EU. Tourism is flourishing in Slovenia. It has achieved the highest GDP per capita (touching over €14,800) in Eastern Europe. Croatia, Macedonia who are members of the EU have also experienced tremendous socio-economic reforms and Soviet-dominated Albania, Herzegovina, Serbia, Montenegro are also not lagging behind to divulge their potentiality through pro-active reform mechanisms.

While low fertility, population shortages kept Europe in deep apprehension; lack of investment, human rights, trade, tourism and most importantly global recognition of national identity have plagued these Balkan nations. Thus, the EU’s enlargement policy, with Balkan’s growing affiliation with the EU, will unanimously give its contribution to global peace and prosperity.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2008

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

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

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Extending the protection cover

Apart from consumers, ICICI Prudential Life also extends the protection shield to its employees
Life is like an intriguing mystery, with many twists and turns. And as the complicated plot called life unfolds, there are surprises and setbacks in store for all of us. Surprises add spice to your life, while setbacks make you sit back and take stock of the situation in which you have unknowingly landed. Whatever the case be, one can never really say for sure what turn destiny might take. This is one of the major reasons that many people seek ‘insurance’. However, the very word insurance carries a negative connotation. Hence, consumers are not easily swayed by the innumerable promises that insurance companies make. With the paychecks getting fatter by the day, Indian consumers are increasingly looking at alternate modes to plant their money, hence insurance cover takes a backseat. So even today, a vast Indian population is uninsured. Even those who have taken some sort of insurance cover are also grossly underinsured.

For close to 50 years after Independence, the sector was in complete chaos, with only one life insurance player, LIC, operating in the country. The penetration level was miserable as well as the awareness was low. The year 2000 was clearly the watershed period for the insurance sector, with the government allowing private participation in the sector. No sooner had the government announced reforms in the sector, a flurry of private players as well as international players made a beeline for this highly potential yet unexplored sector. One of the first companies to set shop was ICICI Prudential Life Insurance (a joint venture between ICICI Bank and Prudential plc – a leading UK-based international financial services group). Clearly in the past few years, insurance has emerged as one of the fastest growing sunrise sectors in India. Huge potential, intense competition and tax benefits have given a new lease of life to the insurance sector. Although LIC still continues to dominate the pack, but among the private players ICICI Prudential Life stands out as a clear winner with 7% market share (ICMR Survey).


ICICI Prudential Life is the first life insurer in India to receive a National Insurer Financial Strength rating of AAA (Ind) from Fitch ratings. For ICICI Prudential Life, the key to success has been their highly motivated workforce (read agents), that have the real tough task to motivate consumers to buy an insurance policy. The company has seen a lot of activity in the last two years and its workforce has increased from 7,500 employees in 2005-06 to nearly 29,000 employees, today and still counting…

With such rapidly growing workforce, the role of HR becomes all the more critical in identifying and nurturing the right talent that will enable the company to build scale. While speaking to B&E on the people challenges faced at ICICI Prudential Life, Judhajit Das, Chief – Human Resources, ICICI Prudential Life Insurance, points out, “With this kind of growth, our highest need is that of talent at the frontline level and customer service points, given our scale requirements.” In fact the entire financial services sector has a shortage of talent that is suited for middle management roles in corporate functions like finance, audit, human resources and specialist functions such as product development, underwriting, claims and actuarial. Consequently, the company too finds itself in a ‘war for talent’ situation, wherein there is a dearth of skilled professionals who have the domain knowledge of specialised insurance functions. Therefore, retaining high potential talent are the biggest challenges for the human resource function. To address the challenge of finding the right set of people ICICI Prudential Life has partnered with some exclusive business schools to launch a Post Graduate Program in Management and Insurance (PGPMI) to train and develop skilled insurance professionals, who can later join the company and help them build scale. In addition to this, the company has also adopted other innovative strategies such as identifying and nurturing talent among Indian Armed Forces and encouraging second career amongst the senior citizens, which also enables ICICI Prudential Life to strike a balance between young and mature minds within the organisation. To build further scale, the company has moved beyond the metros, to recruit talent from tier II & III cities as well.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2008

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

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
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India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs