In the past, China taught India the importance of social investments and economic opening.

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The economic dividends of political reform don’t appear overnight, which skews the time line and confuses the cause.

China has built critical networks, such as power stations & transportation links, but since the mid-1990s Chinese leaders have wasted massive resources on urban skyscrapers that have no economic benefits. And the financial costs of these projects do not even begin to approach their opportunity costs – those investments in education and health China has failed to make. China constructed nearly 3,000 skyscrapers in Shanghai and added 30 million illiterate during the same decade is truly remarkable. The economic dividends of political reform don’t appear overnight, which skews the time line and confuses the cause. But by using nearly every metric, political liberalisation has spurred rather than stunted growth in China & India.

After a long hiatus, China’s leadership has rhetorically returned to a vision of the 1980s – that political reforms should be a priority. Rural China has begun to recover from the neglect of the 1990s, and rural income has grown the fastest since 1989. Consolidating these achievements will require a more substantial undoing of the illiberal policies of the 1990s. How India managed to emerge from its own long shadow of illiberalism offers some valuable lessons. In the past, China taught India the importance of social investments and economic opening. It is time for today’s China to take a page from India – and from the China of the 1980s – that political reforms are not antithetical to growth. They are the keys to a healthier and more sustainable foundation for the future.


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


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Somnath Chatterjee ruffles parliamentary feathers and buys peace…

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A recognition that some said came rather late in the day to a man who has been a member of the Lok Sabha for over four decades.

But ever since Chatterjee was elected Speaker of the Lok Sabha in 2004, it has been a tumultuous Lok Sabha he has presided over. There were plenty of issues to raise ruckus over – from the Indo-US nuclear deal to the price rise, the opposition had enough of them to keep the house in disorderly conduct much to the displeasure of Chatterjee, who in 1996 was conferred with the Outstanding Parliamentarian Award, a recognition that some said came rather late in the day to a man who has been a member of the Lok Sabha for over four decades.

Chatterjee has been a Member of Lok Sabha since 1971 and was elected for the first time as an independent candidate supported by the CPI (M). Since then he has been elected nine times. He now represents the Bolpur parliamentary constituency. Only once did he taste defeat, worsted by Mamata Bannerjee in Jadavpur constituency in the 1984 general elections.

Chatterjee comes with a load of experience as a Parliamentarian but his tenure as the Speaker of the Fourteenth Lok Sabha has been marred by the feeling that he was partial to the ruling combine which the leftists were lending outside support.

footsteps of Chatterjee

l Birth: July 25, 1929 in Tezpur, Assam. Son of Nirmal Chandra Chatterjee Education: Mitra Institution school, (Kolkata), Presidency College, University of Kolkata and Cambridge University in UK

l Joined politics: In 1968 joined the CPM. 1971 became member of Lok Sabha. Re-elected ten times as MP


Sushil Kutty


For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

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


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B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
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Tell that to Serbs,The obvious pointer is to the predicament being faced by Serbia’s labour,

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Collective bargaining? Duh...

Samuel Gompers once said about labour unions, “You can’t do it unless you organise.” The obvious pointer is to the predicament being faced by Serbia’s labour, which faces a lack of leadership that can indulge in ‘collective bargaining’. On one hand, minimum labour pay has been increased to €200 a month (much more than that in less developed nations; but much less than that in developed countries), but the general unemployment rate is pegged at 27%. Also, almost 12,000 labourers have already been harassed seriously by the evidently authoritative administration. Labourers suffer consistent humiliation and pernicious working environment throughout Serbia. When the world celebrates the labour class on May 1, Serbia’s administration rubs it in double during this day, to remind the labourers that the latter is only living at the mercy of the firm owners. Ironically, Serbia is traversing the path of privatisation and could well up to its moniker ‘Balkan Tiger’! It’s clearly time for the Confederation of Autonomous Trade Unions of Serbia to share in the economic growth by coming together and ensuring that Alexandre Dumas’ classic cliche – one for all... – doesn’t just rest in the hall of fame!


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Source : IIPM Editorial, 2008

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


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IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
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IIPM Campus

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An independent MLA’s ascent to CM’s post was a record, he has set another by sustaining it for one year

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The only controversy (if it can be called that) concerning Koda was elopement of his wife Geeta Biruli with his personal assistant, an engineer, only four months after their marriage. But, Koda managed to woo her back with same persistence with which he pursued MLAs of coalition parties. Koda threw a lavish bash (called bahu bhat in local parlance) to celebrate their reunion.

There were some doubts over his continuance, after JMM chief Shibu Soren was released from Dumka jail last month. But, Koda put all speculations at rest by telling B&E with practicised ease, “I am heading a UPA government with blessings of Congress President Sonia Gandhi, RJD chief Laloo Prasad Yadav and of course JMM President Shibu Soren. If I have to be replaced, it has to be done with concurrence of all of them.” His father wanted to him to be a police officer. But, he ventured into social service and politics. During his stint with the RSS & the BJP, he remained a simpleton, wearing khadi. Once, he switched his loyalties, he changed his lifestyle as well. Now, he flies in government aircrafts and choppers, shops in Gurgaon malls & sports branded clothes & accessories.

He got an entry in Limca Book of Records last year by becoming Chief Minister as an independent MLA. He set another record this year by completing one year in office. He has now set his eyes on completing his term. For many in his position, staying another three years in office, may be a long haul. But, certainly, not for Koda. He is a maverick and a fighter politician.

footsteps

l Birth: January 6, 1971, at Gua, West Singhbhum, Jharkhand
l Education: B.A. (History) Utkal University, Orissa
l Joined Politics: 1994, Bhartiya Janata Yuva Morcha
l MLA: 2000 from Jagannathpur on BJP ticket
l Minister: 2000 in Arjun Munda Government
l Chief Minister, Jharkhand: September 2006


For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

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


Read these article :-
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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1500-plus IIPM students placed across the country with 44 bagging international offers
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The Indian economy is a net loser due to rupee appreciation. B&E analyses the way out...

IIPM Ranked No. 1 B-School In Global Exposre - Zee...

The key beneficiaries from the rupee appreciation will be the importers;

We have already seen IT companies losing in this streak of rupee appreciation. Only TCS saw its EBIDTA margins stable at 22.7% for the quarter ending June 2007; Satyam could arrest the fall at 22.4%, down 64 bps. Wipro’s margins were down 199 bps at 19.4%. Infosys’ margins were at 28.7%, down 300 bps. No wonder why rupee appreciation has made it to the list of challenges that NASSCOM (according to the latest Indian IT Software & Services Revenues release) considers facing the Indian IT companies. Apart from IT, pharmaceutical, gems & jewellery and auto component sectors are also a part of the unhappy lot fearing a squeeze in margins because of this rupee appreciation.

But, as they say, one man’s plight is other man’s blessing. The key beneficiaries from the rupee appreciation will be the importers; particularly companies from energy dependent sectors are likely to benefit in a significant manner (energy, paints and few textile majors). Companies that source raw materials from the global markets and are largely domestic demand driven, could also potentially experience margin improvements. Besides companies, rupee appreciation is also a positive for the government’s finances and the capital goods sector.

Moving a step further, the firms that relied much on dollar borrowings are breathing a sigh of relief, as interest expenditure on such dollar borrowings in rupee terms has reduced (the same applies for the government, when it takes overseas loans); hence the servicing of overseas debt has become cheaper to a large extent. Companies like HDFC, Bharti-Airtel, Lafarge, Jindal Steel & Power and Jaiprakash Associates et al have significant overseas borrowings.

Even in pharma – where companies like Ranbaxy, Sun Pharma, Lupin & Jubilant Organosys have collectively raised almost $1.1 billion by way of ECB/FCCBs in H1 2007 – the gains are huge. As Malvinder Singh, CEO, Ranbaxy, comments to B&E, “Out of $500 million of foreign debt that we have, close to $440 million is by way of FCCBs & as the rupee appreciates, it will definitely work in our favour.” The April-June 2007 results of Ranbaxy, which surprisingly show forex gains of Rs.2.014 billion, are a clear testimony.


For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

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


Read these article :-
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

ZEE BUSINESS BEST B SCHOOL SURVEY

For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
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IIPM - Admission Procedure
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What’s the trouble with the US asset bubble?

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Gen Yers want to change the world with where & howthey work, exuding an op-timism reminiscent of 50s

Que: As a baby boomer executive with 30 years of experience, I have encountered many young people entering the business world today. And I am pretty sure they know it all. What is your opinion about Gen Y’s sense of entitlement? –Chris Perkins, Vandalia, Ohio Ans: We just don’t get it. That is, we don’t get why everyone around the globe is so down and out to get Gen Y. What is wrong with everyone on this earth? We think the crop of 20-somethings breaking into the business world right now is about as energised and exciting a group of “kids” as we have ever seen till date. And we have seen them a lot over the past several years – visiting dozens of campuses, teaching in two different MBA programs, consulting for companies that employ thousands of Gen Yers and hiring several enterprising ones onto our own ever-expanding team. Overwhelmingly, we have found the Gen Yers to be extremely hardworking, entrepreneurial in their outlook, startlingly authentic, refreshingly candid and wonderfully upbeat. Basically, not to get all mushy or anything, we simply love the Gen Yers.

Don’t get us wrong. We don’t doubt that you have recently encountered any number of know-it-all young people. They are certainly out there. But they always have been that way, and will continue to remain so. After all, ever since the beginning of, well, higher education, every crop of graduates has contained its share of swaggering bigheads convinced that the grown-ups can go home now. Of course, most of these types end up eating humble pie after a few years, having discovered, after falling down badly, that ruling the world is not as easy as they had originally thought it to be. Surely, some portion of Gen Y is headed for such a dismal fate. But we would emphatically say most of them – indeed, the majority – are headed for blue sky, in careers characterised by commitment and unbounded by convention. Everywhere we go, we meet MBAs who have decided to spurn the corporate world to start their own businesses.

In the class taught by Jack at MIT’s Sloan School of Management, some 20 percent of the students have already launched a business venture. Similarly, during a visit to Stanford Business School in 2005, we met a pair of students out of a central casting call for investment bankers. “So, what firm will you be joining in New York?” we asked them. We were surprised to hear they were launching a chain of upscale barbershops. Now who would have thought that!

Of course, not every Gen Yer we have met in the recent past is hankering to be an entrepreneur, but many still want to change the world with where and how they work, exuding an optimism more reminiscent of the 1950s than any other era in our recent memory. Now, maybe Gen Y’s reputation for entitlement derives from its apparent interest in making money – lots of it, right away. “So what’s wrong in it”, a Gen Yer would say. We have read plenty about such “greed.” But what we have seen is certainly different and worth mentioning here. On virtually every campus we visit, Gen Yers have asked us about corporate ethics and social responsibility. Many have even shown a thoughtful concern about how to strike a meaningful balance between work and life. Some of them have challenged us about the whole notion of winning, asking, “Does success only have to be about money?” When we have said no – that success is about setting personal goals and achieving them – the response has been invariably positive.

Indeed, the same question came up just the other evening at a dinner with a Gen Yer we know who earns a modest salary as an assistant golf pro। “I wake up every morning thrilled about getting to work and helping people,” he told us enthusiastically. “That’s what makes me feel successful.” To our minds, his words were uplifting, but not particularly unusual from a person his age. Which all begs the question we started with: Why does a Gen Y get such a bad rap? We would suggest two simple answers.


For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

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


Read these article :-
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

ZEE BUSINESS BEST B SCHOOL SURVEY

For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
IIPM set to beat economic slowdown
IIPM, GURGAON
IIPM - Admission Procedure
IIPM awards four Bengali novelists
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 No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
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
IIPM makes business education truly global-Education-The Times of ...

Along with these players, Videocon has interests in the massive RAVVA oil & gas field in South-East India

IIPM Ranked No. 1 B-School In Global Exposre - Zee...

age of exploration

As we were enriching ourselves with information on the consumer electronics division, we certainly could not ignore the importance of the oil & gas division, which, as V. N. Dhoot admits, is another main reason why Videocon has been able to withstand commoditisation of consumer durables sector. When queried by B&E on which sectors Videocon was looking for, V. N. Dhoot’s clear response was electronics and oil & gas. Laying its claims on a portion of India’s oil & gas reserves has proved to be quite beneficial for the company. With a 25% stake in the RAVVA consortium, Videocon has catapulted itself in the elite group of oil companies. Today, Videocon finds itself among names such as Cairn Energy, ONGC, HPCL and Marubeni Corporation! Along with these players, Videocon has interests in the massive RAVVA oil & gas field in South-East India, which annually produces a whopping 18 million barrels of crude oil and 1000 million cubic metres of gas. According to rough estimates, Videocon claims to have access to potential reserves of 250 million barrels with production touching the 50,000 barrel mark daily! The company’s cumulative revenues since inception have been a very promising $1.1 billion.

With such diverse interests, many question the rationality behind Videocon’s logic defying expansion, where most experts advise caution while moving into new areas। For most part of the last decade Videocon was predominantly an electronics company. However, with new found confidence in sectors like power and petroleum, Videocon has made its intentions quite clear. Analysts believe that Videocon’s main strategy after liberalisation is based on high growth potential businesses.


For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

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


Read these article :-
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

ZEE BUSINESS BEST B SCHOOL SURVEY

For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
IIPM set to beat economic slowdown
IIPM, GURGAON
IIPM - Admission Procedure
IIPM awards four Bengali novelists
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 No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
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
IIPM makes business education truly global-Education-The Times of ...