Wednesday, April 28, 2010

marriages between Indians and Pakistanis are a common phenomenon

there are people who are proud of their cross-border marriages and feel that it is the way to renew old family ties. Delhi-based Mohd Rafi, who is married to Shehnaz, a resident of Burns Road, Karachi, is very happy with his three children. Shehnaz, who is yet to get her Indian nationality, is living on a long-term visa (LTV) since her marriage in 1984. She badly misses her relatives and whenever she gets a chance in three or fours years she visits Pakistan.

Mohd Rafi says: “We had an arranged marriage because our parents wanted to renew the old family relationship.” When TSI asked whether the uncertainty in Indo-Pak relations disturbs him, Mohd Rafi responded diplomatically, “They do disturb at times, but life is the name of all such disturbances.” He is not averse to the idea of marrying his children in Pakistan. He says: “If there is good proposal, why not?”

When India and Pakistan play a cricket match against each other, there is no divided allegiance within the family because Rafi’s wife whole-heartedly supports the Indian team. Mohd Jalil, a Delhi-based caterer, got married to Zahira of Karachi after 26/11. They have a two-month-old daughter, Hadia. Jalil says: “We do not find any difference between Karachi and Delhi. Culturally we are the ame. In any case the internet age has brought the two nations so close that even my wife does not misss her parents. She can talk to her relatives whenever she wants.”

About Indo-Pak cricket matches, Jalil, who represented Delhi at the junior level, says: “I basically support the game but Sehwag is my hero. My wife does not understand cricket so the question of her supporting any team does not arise.”

When TSI asked Zahira which city is better, Delhi or Karachi, both she and Jalil insisted that their city is better, but both agreed that Karachi’s transport system was no match for Delhi’s. They assert that Delhi is a better place to live in.

Given the thorny relations between the two countries, no decision regarding a cross-border marriage is ever easy. Families have to weigh the pros and cons. That probably explains why the number of such cross-border marriages has declined in recent years.
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Source :
IIPM Editorial, 2009


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

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Friday, April 23, 2010

“My daughter-in-law took away our old-age support”

She has already lost her earnings during the court hearings but is still waiting for justice. Wrinkles of sorrow can be easily traced on her face and her eyes always brim with tears. We met Swarnlata at the BJP office where she had come to seek help from its women's cell national president. Swarnlata was a middle school teacher in Sangrur district, Punjab. She has one son. After she got him married, her daughter-in-law lodged a complaint of harassment for dowry against her family. Frustrated by the turn of events, her son left home. In a letter to her, he stated, "I am disappointed and fed up with my life. Either I will commit suicide or will become a saint. I will never return home." The hapless mother is still waiting for her son to return. Swarnlata says, "My daughter-in-law repeatedly kept demanding money. When her father went to jail for a scam in a cooperative society, we paid for his bail too. She also took away all my gold. I have nobody in this world. My only desire is to see my granddaughter once."

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IIPM Editorial, 2009


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

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Monday, April 19, 2010

Living its millionth life, king size!

Maruti Suzuki is well on its way to hit one million unit sales in this fiscal. But how does the market leader plan to prepare itself for the rougher road ahead?

It was back in 2004 that during a cross-functional team meeting at Maruti Suzuki, the officials derived a slogan for 2010 - ‘Ten Ten Ten’, wherein the first ten stood for 2010, the second referred to the targeted 10 lakh unit sales in the 2009-10 fiscal and the third referred to the 10% operating margin which the company would like to maintain in the process. “Few in the meeting were still not in favour; thinking we had gone crazy, but many supported the goal and designed the way forward,” recalls Shashank Srivastava, CGM – Marketing, Maruti Suzuki India.

While the arrival of the first Ten was inevitable, the third one looked hugely daunting; as the company was striving hard to maintain its margins under the intense competition in which the industry is operating. But the company has proved more than equal to the challenge as it rapidly continued to expand and strengthen its market position. However, the second Ten was what was bothering Maruti the most. It is indeed ironic that at the start of the financial year of 2009, Maruti Suzuki had clocked total sales of over seven lakh units and no one thought that the company is going to cross one million by any chance and hence will not be able to transform its ‘Ten Ten Ten’ slogan into reality. And here we are today – Maruti Suzuki’s total sales are now standing at 9,23,242 units (7,06,498 units in the corresponding period a year ago!) by the end of February 2010. And going by the calculations made by the company, Maruti Suzuki should cross the one million mark on March 23 (co-incidentally on the same date that Tata Motors launched its much-hyped Nano a year ago). Maruti’s MD Shinzo Nakanishi said at the 10th Auto Expo in the capital, “For the first time in 26 years, we hope to sell one million vehicles in one year. The one million sales mark is a landmark, not just for Maruti Suzuki. It is an important threshold for the Indian passenger vehicle industry. But we are finding solutions to reach the next million in ways that are sustainable and mutually beneficial.” Even Osamu Suzuki, Chairman, Suzuki Motor Corporation has expressed his contentment on such a huge achievement. So much so that Suzuki is also expected to take part in a special ceremony on March 23 in the capital.
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Source :
IIPM Editorial, 2009


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

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Tuesday, April 13, 2010

A new chapter in moral science

With most illegal activities occurring in the dark of the night, researchers have now illuminated the effect of light on our morals

Author Anton Chekhov’s story ‘The Robbers’ brings to mind images of stealthy, sly and lustful robbers’ lamp-lit den where the on-set of night didn’t signal terminating all activities, but rather incited setting spirits to satiate their beastly cravings. Characterising the darkness of the night in myriad metaphorical ways, Chekhov kept the reader’s pulse racing till the end. If merely repetitive mention of darkness can set a person’s heart racing, could the cloak of darkness embolden some to commit crimes too?

A recent study by psychologists Chen-Bo Zhong and Vanessa Bohns of the University of Toronto and Francesca Gino of the University of North Carolina suggests that it isn’t only the fear of exposure that leads to increased incidents of misconduct in darkness. Rather, it is darkness that triggers some of the destructive emotions that may lead one to misbehave! It was the unanimity of the results of the experiments conducted that led to publishing the research in the journal Psychological Science. Participants in dimly-lit surroundings were seen to cheat more than those in the brightly-lit set-up. While in another set of participants, who were only made to wear sunglasses and asked to divide $6 amongst each other in any way they wished, it was noted that ‘darkness increased their self-interested behaviour’!

Dr. Sanjay Chugh agrees and adds to the theory here, “I would agree with this. No one likes to be caught when doing something wrong. So, people try to hide or do it on the sly. Darkness provides the best cover. People become less cautious and more daring when there is lesser risk of being exposed. Darkness also probably heightens the sensation of what you are doing and takes the edge away from internalised values, ethics and morals, essentially allowing denial to take over.”

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Source :
IIPM Editorial, 2009


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

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Monday, April 12, 2010

In the pink of wealth

High rate of urbanisation and growing percentage of real occupants will drive growth for the realty sector in jaipur, says anil sharma

Often referred to as India’s first planned city, Jaipur – the capital city of Rajasthan promises a great deal to real estate developers. As per the report ‘Residential Opportunities in Central India’ by Jones Lang LaSalle Meghraj, “Jaipur is located at a strategic point on NH8 (one of the vertices of the Golden Quadrilateral Corridor of the National Highways Development Project) that connects Delhi and Mumbai... Its share in the state’s urban population was 15% in 1991, which grew to 17% in 2001. Jaipur ranks first in the state with the highest urban population. The high rate of urbanisation is attributed to its administrative, trading, tourism based economic activities concentration in the state. Within the state, it is the center of education and provides one with better employment opportunities and living conditions.” Trade experts claim that the demand for land, houses and commercial property has improved lately with demand for property ranging between Rs.0.5-2 million being high. As per the Government of Rajasthan, there would be a demand for 17 lakh houses by 2021 in the state with an expected growth of 10-15%. Encashing on this opportunity, while some builders are trying to enter into affordable housing, others offering additional features (like complete wood work, modular kitchens, ACs, et al) to woo buyers. Subash Saini, Director, Guru Pragya Real Mart, a local real estate developer, says, “Around 70% of the buyers are end users and remaining small investors. Post-revival, some builders have already increased the rates of their projects and another 10% hike is expected in a month’s time.” Buyers who are presently coming to the market are from middle and lower middle class. “Long term investors who used to invest in higher end (cost) properties have still not entered the market,” says Ravindra Singh Thakkar, Director Unique Dream Builders. At the same time, demand for property, which can fetch rental income is presently high.

Investors who are presently investing are those who are looking at both rental income as well as appreciation in property price in next few years. As far as the actual selling strategy goes, builders are offering properties with new features at good locations. To lure investors and end users, builders right now are constructing properties in new developing areas and offering villas in place of flats and apartments for which demand has emerged. Better ambience along with more facilities is being offered in the townships by the builders. Lokendra Garg of Agarwal Properties says, “Builders are also offering affordable housing projects in the range of Rs.5-10 lakhs as a huge chunk of customer are from the salaried class.” Even cities like Jodhpur, Kota and Udaipur are expecting a robust growth of 15-20% this year. The state government with an aim to give a boost to the real estate sector has come out with a new affordable housing policy for the poor, low-income and economically weaker sections of society with the target of constructing 1.25 lakh dwelling units for them during the next five years. Every year 25,000 houses would be constructed in various cities of Rajasthan. As per Rajasthan’s CM, Ashok Gehlot, the policy is aimed at meeting the housing shortage for low-income groups in the state with encouragement for private sector participation. The applicants under the economically weaker and low-income categories will be allotted houses at a cost of Rs.2.40 lakh to Rs.3 lakh under the scheme. This coupled with the rapidly growing urbanisation of the state and especially Jaipur leaves a lot of untapped potential waiting to be exploited by regional players.

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Source :
IIPM Editorial, 2009


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

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Friday, April 09, 2010

Elevated calm

With its colourful rhododendrons, snow-capped peaks and tranquil monasteries, sikkim takes next to no time to cast a spell on visitors

Gangtok was swathed in the colours of spring and the mountain was snow-capped. As we made our way into town, nature and culture seemed to be in perfect harmony in the capital of Sikkim. This north-eastern state has all the trappings of a sought-after summer vacation destination. Nature has showered its benison on Gangtok and its environs with great generosity. For us, the luxurious tranquility of the Royal Plaza Hotel was as good a starting as any.

As we checked into this fine hotel, walked up to our room and lifted the curtains on the gigantic window, the snow-covered peaks of the Kanchendzonga loomed into our view as if by way of a warm greeting. With its magnificent recreational facilities, the Royal Plaza, which is a part of the Sarovar Hotels and Resorts stable, arranged our sightseeing tours. The ideal time to visit Sikkim is from April to June. The state's varied flora is at its most resplendent during this season, especially after April 25, the day the International Rhododendron Festival gets underway. Sikkim is the only state in the north-east where you can see this beautiful flower. No wonder rhododendron is regarded as the state tree. But Sikkim is not only about this wild red flower; it has 515 different types of orchids.

When you take a ropeway ride in Gangtok, you can see these colourful flowers sheltered in tall fern trees. Sunset is the best time to enjoy such ineffable beauty. But be warned, the last ropeway departs at 4 pm. Miss it at your own peril.

Dusk descends early in this hill station. And that is when you set out to try your luck at the city’s only casino - Casino Sikkim. But after a hard day’s journey from Bagdogra (the nearest airport), we were tired. So it was time to go to bed.
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Source :
IIPM Editorial, 2009


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

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Thursday, April 08, 2010

Places in Tamil Nadu offer a completely fresh experience

Tranquebar
Called Tharangambadi in Tamil, Tranquebar is sure to take you back in time. This place developed as a Danish colony in India from 1620 to 1845 and is located in Nagappattinam district. The main fort here, Fort Dansborg, is a museum now with artefacts from the period.

The first Protestant missionary to come to India was Barthelamaus Zieganbalg. He translated the Bible into Tamil. He is buried here. The place was a major missionary centre for many years but now the churches and the fort have been renovated to attract tourists from around the world.

Yelagiri
A relaxed stay with complete peace of mind is assured in the Yelagiri hills. When other hill stations get crowded in summers, Yelagiri offers you complete solitude and tranquility. Located at an altitude of 3500 meters, this place is surrounded by orchards, rose gardens and green valleys. A trekker’s paradise, adventure sports like paragliding and rock climbing have been recently introduced. Yelagiri consists of 14 hamlets spread over a couple of hills. The highest point in Yelagiri is Swamimalai Hills from where the view of the green valley is simply breathtaking. Best reached from Jolarpettai railway station which is just 19 km away, Yelagiri is 240 km from Chennai and 150 km from Bangalore. So it provides a quick getaway for those who live and work in these concrete jungles.

Puducherry
The former French colony of Puducherry gives you the perfect peek into everything French. The streets still bear French names, the buildings and streets still bear the French aura. The international Auroville village and Aurobindo Ashram are the major centres of attraction. Temples like Manakkula Vinayagar, monuments like Ayi Manadapam, many serene beaches are likely to enthral you. Just four km south of Puducherry is Arikamedu, the ancient trade centre where important excavations have been carried out by archaeologists.

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Source :
IIPM Editorial, 2009


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

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Outlook Magazine money editor quits
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Tuesday, April 06, 2010

Travel is Transformative

Breaks from routine, whether short or long, have numerous salutary uses for mankind

Travel makes a man mature. The ttravails of travel enrich us no end. Sedentary men turn senile, the dynamic remain agile. The difference between the widely travelled and the home-loving is always conspicuous. The former will be flexible, affable and firm; the latter recalcitrant, adamant and brittle. Tao says, “One who bends never breaks”. Travellers become stoic and face the challenges of life with courage. That is why Shakespeare said, “... Travellers ne’er did lie/Though fools at home condemn them”.

Civilisation has improved by imbibing the best practices from other places and cultures. Foodgrains, fashion, technology, cuisines and knowledge got transferred from one place to another due to the efforts of travellers. A few voyages changed the configuration of human life. Cultural exchange and architectural revolution occurred due to the synthesis of minds facilitated by journeys undertaken by our ancestors. Travel brings both information and transformation. All great epics have episodes on travel with minute details, inculcating the art of wondering. India is a country of continents. It has all the geographical features ranging from snow-clad peaks to scorching sandy dunes; verdant mountains to cerulean seas and virgin vegetation to emerald fields. Our country has innumerable monuments of amazing antiquity. Any grand structure that we stumble upon will be easily 1000 years old. Our land is full of heritage buildings and we seldom realise their magnificence. Travelling in India is akin to exploring a dark, deep, dense forest without any artificial settings. One has to live dangerously to taste the thrill. Other countries may have attractions artificially carved with effort, but the music will be missing.

India has always been a place of wonder for everyone in the West, starting from Herodotus to McMillan. We received more travellers but sent less outside. It is heartening to note that our mindset is changing. The urge to travel, explore and enjoy has increased. The outlook has undergone a paradigm shift. People have reoriented their interest from pilgrimage tourism to leisure trips; vacation travel to weekend picnics and traditional visits to adventure expeditions. Still, the scope is enormous. Bengalis travel more and we can find a group discussing the poesy of Tagore or the films of Satyajit Ray even in the remotest corners of our nation. One who spends money on books and travel can consider it an investment par excellence. It is ironical to find that tourism is treated as a luxury in India. Tourism is advantageous both to the individual and the community. Frequent tours can alleviate blood pressure, mitigate migraine, control cholesterol and diminish diabetes. The health parameters of regular travellers are found to be perfect. We should plan a tourism calendar every year. A portion of our pay needs to be spent exclusively for travel. A short sojourn every month and a long journey in the annual vacation need to be structured. We will feel relieved from stress after every getaway. A fresh life will be bestowed after every tour.

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Source :
IIPM Editorial, 2009


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

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Monday, April 05, 2010

“It’s a misnomer that organized retail will have a negative impact”

S. Viraraghavan, Director, Sales and Marketing, Cargill India shares nitty gritties in an exclusive interview to B&E

Cargill India is an active player in food, agricultural sourcing and commodities trading in India. S. Viraraghavan, Director, Sales & Marketing, Cargill India has some unique yet significant points to make about the sector’s present and future

B&E: How do you think the government should deal with a fragmented supply chain which escalates costs of food processing in India by 15-30%?

SV: The biggest challenge is to build overall supply chain infrastructure, namely, augmentation of warehousing & storage capacity (especially, cold storage), reduction of wastages due to multi-point manual handling and inadequate primary & secondary packaging of basic food grains, better transport infrastructure and seamless linkages between farm and retail.

B&E: With different policies, high excise duties and lack of coherence in doing trade between various states in India in processed food, how does Cargill India deal with the situation and how can it be improved?

SV: We’re part of food processing business at a mass level with major participation in the cooking & refined oils business. We have been able to, more or less, nullify the impact of different taxes & duties by operating at standard operating prices for consumers and to a great extent for trade as well. Situation can be further stabilized by having a common VAT structure across the country. GST would be a significant step in improving business environment here.

B&E: How does Cargill India feel government policy should be modified with regard to FDI in food processing and retailing and will it adversely affect the unorganized and small players?

SV: Creating a favourable fiscal environment to induce venture capital and mutual funds to invest in different components of supply chain, tax holidays, excise relief, fiscal incentives for cold-chain setups and a regulatory mechanism are important for driving growth. It is a misnomer that organized retail will have a negative impact on unorganized sector. They can co-exist and grow and a lot of inefficiencies will get addressed.

B&E: Processed food currently forms a very small percentage of India’s exports. How can this scenario be improved in terms of duty rates and standards?

SV: We have to improve the acceptance of process food in the society and address the myth that all processed food is unhealthy. Govt. of India is taking some positive initiatives to address fiscal incentives to the sector which is a positive development. Export of food items to developed markets needs adherence to stringent food norms and hence, requires high capital investment in machinery and process automation. Concessional duties for importing machinery will also encourage big ticket investments in the sector. The Food Safety and Standards Act is a positive step and we need alignment to global food safety standards such as CODEX to make our products acceptable in the global market.

B&E: How does Cargill India see the future for the sector in a 3-5 year timeline and what is the biggest opportunity areas within the sector?

SV: With the economy growing at an accelerated pace, there’s been a significant change in food habits. More processed and functional food will become part of the Indian diet and hence the sector will see robust growth. As a major global Food Ingredients Supplier we see a big opportunities in the sector. We have successful and popular brands like Nature Fresh and Gemini and have substantial market access. Going forward, this creates a favorable situation for us to look at the food market.
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Source :
IIPM Editorial, 2009


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

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Saturday, April 03, 2010

Budget backlash

The fuel price hike announced by the Finance Minister has galvanised the Opposition to close ranks in a rare show of unity. But will the sound and fury translate into long-term political gains? Pramod Kumar reports

In the final Cabinet meeting prior to the presentation of the Union Budget this year, three important financial decisions were taken. As the meeting drew to a close, the Petroleum Minister made a request for a hike in fuel prices. Finance minister Pranab Mukherjee assured him that some steps had already been taken through the excise duty channel. But agriculture minister Sharad Pawar and railway minister Mamata Banerjee warned that a fuel price hike would fan anger against the government and adversely affect the prospects of the UPA in Assembly Elections scheduled for the coming months.

Mukherjee replied that not hiking fuel prices would adversely affect the pace of pro-people projects. So the allies advocated a ‘wait and watch’ policy: increase the prices of petrol and diesel and then gauge the popular reaction; if things threaten to snowball, get the UPA chairperson Sonia Gandhi to intervene and order a partial rollback. It was also suggested that the time-lag between the hike and the eventual rollback could be utilised to lessen the oil pool deficit. In that scenario, the Congress would have its cake and eat it too, it was pointed out.

But the fuel price hike triggered something that the Congress had not bargained for: new-found unity in the Opposition ranks which had for months been in disarray. In fact, a few parties that support UPA from outside have also thrown their weight behind the hue and cry raised by the Opposition. By protesting both inside and outside the ring, the two Yadav satraps — Lalu and Mulayam — have made it amply clear that they might even withdraw their unilateral support to the UPA on the issue of price rise. Political pundits, however, feel that this will not affect the UPA as it enjoys a comfortable majority.

The problem is that this approach by the allies has found resonance in the Congress itself. Some elements in the ruling party are not convinced with the logic trotted out for raising the petroleum prices through the Budget. Party leader Digvijay Singh has already expressed his reservations on the issue. Similarly, there is unease among the youth brigade too. In fact, the son of petroleum minister Murli Deora, Milind Deora, has openly come out against the decision. And he minced no words. He went as far as to write letters to both Sonia Gandhi and Manmohan Singh seeking their intervention.

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Source :
IIPM Editorial, 2009


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

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Outlook Magazine money editor quits
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Thursday, April 01, 2010

Give me my legal right this time!

Ex-President Pervez Musharraf’s desire to enter Pakistan’s politics, again, has some good and some bad with it. However, the good seems to surpass the bad at the moment

Few were ready to denote General Pervez Musharraf’s Presidential exit and his unannounced exile as his walk into the sunset; the general view was that he would return to fight another day. It seems that the time has come, as he seeks the company’s top post again, albeit via the democratic route this time. In his address on Feburary 16, 2010, to the Chatham House think-tank, he said, “I love my country and I would do anything for Pakistan. However, it is for the people of Pakistan who need to decide… I have to come through the political process, through the process of elections. But I think it’s very good, it’s very good because I think I will have that legitimacy, which I never had…” This remark of Musharraf shows that he still lives in the belief that this reign (rather eight year long dictatorial regime) was the most successful political period in the history of Pakistan. In addition, he expects the Pakistani people to now vote for him and bring him back to power. And as he admits himself, being a dictator wasn’t helping his cause either.

There is no denial to the fact that Pakistan, today, is in a process of utter disintegration. A brief recall of Pakistan’s past will make it clear that the ground for Pakistan’s disintegration was all set during Musharraf’s presidency. It was actually during Musharraf’s time that corruption found its new highs within the whole bureaucratic hierarchy. Today, Musharraf stays in one of London’s most expensive areas. Covertly and overtly supporting terrorist and extremist blocks and even manipulating their actions against India, Musharraf is an excellent example of how shrewd scheming and manipulation can be diplomatically window dressed in hyperbole words.
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Source :
IIPM Editorial, 2009


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

Read these article :-

Outlook Magazine money editor quits
Don't trust the Indian Media!