Wednesday, June 30, 2010

Dance in the hearts...

Guru Syed Pasha leads an exceptionally talented dancing troupe of persons with disability at Ability Unlimited Foundation. K Raghav Sharma relates the overwhelming experience…

Ten years back Vijay Kumar was a troubled parent. A resident of Jhilmil colony in Delhi, he was anxious about the future of his child Gulshan Kumar. With his crippled legs, Gulshan struggled to walk. But fate took him to Guru Syed Salauddin Pasha and the course of his life was changed forever. He asked Gulshan to join his Ability Unlimited Foundation (AUF), which works for the empowerment of talented children with disability. Gulshan’s father Vijay was not convinced at first, but an offer of Rs 500 as scholarship and the dream of a prosperous future made him agree. Today, ten years since that rendezvous, Gulshan is no more thwarted by his handicap. He is currently pursuing his 12th standard education and is also earning a decent income as an artist.

Guru Syed Salauddin Pasha has thus brought hope and happiness to hundreds of differently-abled children with his unique and unparalleled concept called ‘Dance on Wheels and Crutches’. For the last 25 years, many like Gulshan have secured a self-reliant and dignified life for themselves at the Delhi-based AUF. Guruji’s flat in Patparganj is fully dedicated to the physically and mentally challenged, despite space constraints.

Wheels are a major part of the 'Bharatanatyam's on Wheels' show that is the result of five years of hard work put in by these children. An unprecedented piece of work in the history of natya, it is specially choreographed for the disabled. Combining the elements of Bharatanatyam, martial arts, Sufi dance, Bhagavad Geeta, yoga and many other arts, it is a sheer treat to watch.

Pasha works with artists whose conditions range from polio, dyslexia, cerebral palsy, autism and other mental, visual and hearing difficulties. On can easily imagine it to be tremendously taxing on one’s stamina and patience.

In his journey, Pasha has known challenges that an ordinary mortal would have found difficult to withstand. “As a guru of the disabled, you should not lose patience. These pains are part of the process and I need to face it anyway. To be frank, I have learnt the significance of patience and peace from these people only,” Pasha said.

Guruji Pasha was fond of dance and other arts since his childhood. “Being a Muslim, it was not easy for me to practice Ramayana, Bhagavad Geeta, etc.” he recalls. “In my childhood I had to face threats and beatings from my community because I was studying these art forms which were essentially Hindu. Around that time, one guru refused to teach me on the same grounds – me being a Muslim. At Navasandhi Nritya too, they said, 'we can’t teach nritya to a Muslim; it is purely meant for Brahmin people.’”

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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, June 22, 2010

The 'W' company!

The water mafia now steals more than 50%

As darkness descends over Dharavi in Mumbai, a few local slum dwellers creep out of their shanties grasping steel ewers and plastic cans, scrambling over an iron railing fence across the railway lines to meet a crowd around a faucet in a desolate patch on the other side. The place is already burbling with an intense scuttle for water. The hitch? It’s basically the water mafia’s stolen water for sale — this particular faucet draws water from a water tank that belongs to Indian Railways! Such pilfering of water is going on for decades in our largest metropolis, as it struggles to quench the thirst of its ever growing population. Mumbai’s 19 million people demand 6,916 million litres a day; while the city’s limited capacity can provide only 2,900 million litres. The future looks really bleak as the city’s civic authority has warned that its primary water reservoirs have only 71 billion litres of water, enough only to last 200 days. It’s a wobbly situation as state government announced in December last year that water connection will not be provided to high-rise buildings until 2012. To tackle the misery, the state government is in a process to set up three new water reservoirs and a desalination plant. But these steps however, do not deal with the main problem of pilfering, because of which the city looses one-fifth of its water supply. The water mafia operating as commercial water tankers creates false scarcity to enhance their business in connivance with some Brihanmumbai Municipal Corporation (BMC) officials. In spite of BMC trying to curb the menace, stopping theft is easier said than done — as there is no one to monitor the fissures in the pipelines made by mafias and local leather factories for their business.

The scenario in Delhi is similar — as Delhi Jal Board (DJB) guarantees enough water for its residents — throwing open the question for the reason of scarcity, which in that case seems to be artificially created. It’s the stolen water meant for public usage that is sold back to them by the private operators. Delhi, as per official figures, has 220 litres viz. eleven buckets of water per capita per day — yet there is no accountability of 330 million gallons of water — the government says it loses 50 per cent of its water supply, but cannot explain how! After the loss, the government is left with 110 litres of water per capita per day — which is an absolute shocker!

It is a losing battle in almost every city to try and stop water mafia’s illegal extraction of water and supplying them at a soaring price. Taking out groundwater from their wells and trading it to tanker owners for Rs.100/ per load is a full time business for farmers in the outskirts of Chennai, so much so, that they have given up their original livelihood of agriculture. Is privatisation the answer? People like Alfredo Pascual of Asian Development Bank do think that the private sector “does have a valid role to play—not as the owner of water resources but in providing the much-needed expertise.” That seems to long in coming. For now, we have a parched throat.

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Source :
IIPM Editorial, 2009


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

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Wednesday, June 16, 2010

Celebration of mediocrity

The result is non-entities and talented people are often thrown together in the same space sending out highly confusing signals… but who cares? The reason is simple. The respect for an artist’s endeavour is not the reason for his/her being a celebrity. The ability to successfully fill media space (what’s new, hot ‘n’ happening!) or splash out in the colour supplement of a popular mainline publication, is. This has led to a frightening celebration of mediocrity.”

Respected editor, publisher, film & theatre critic Samik Bandopadhaya provides his very own, evolved take. “The media – for its own vested interest – continues to create, project and glamourise a particular constituency, which, it believes, are the people who matter. They are the stars; they are the celebrities. I find this whole representation both fake and phony, because, while there will always be the tabloid-hooked, sensation-seeking crowd, there continues to be an entire and vast minority who disagree. They (collectively and fearlessly) root for the true-blue creative animal. Incidentally, these people are not all Kolkata-based but are spread across West Bengal, in small towns, schools, colleges and universities”.

Bengal’s celebrity filmmaker – revered in Bollywood and admired globally by lovers of good cinema – Rituparno Ghosh winds up the debate in characteristic fashion. “I think everyone will agree that art and culture has, traditionally, existed and thrived on patronage. Once it was royalty. Today – in whatever form (editorial, corporate house) – it’s the sponsors. There was a definite spirit of altruism that drove the earlier generation. They were not necessarily painters, poets, dancers or musicians but they genuinely wanted to further the cause of creativity and arts, in their own way. That has changed.” He also points to consumerism as a major factor in this tilting of the scene. “When commodities are transformed and glamourised to brands, suddenly a status factor comes into play. I don’t want any biscuit – I want Britannia. I don’t want any shoe – it has to be Nike or Reebok. I don’t want to eat at any old place – it has to be Sonar Bangla, Taj Bengal or Oberoi… By the same token (whether I understand its nuances or not) I must have a Bikash Bhattacharjee, Hussain, Souza, Raza or an Anjolie Menon painting on my wall. “Sad but true…”

What is your take, dear reader?

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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, June 15, 2010

Is Ukraine an emerging power ?

The accord signed on April 21 will extend lease of Black Sea Fleet’s key base until 2042

Since Victor Yanukovich became the Ukrainian President, analysts and watchers were expecting a thaw in ties between Kiev and Moscow, but even they have been knocked off by the pace in which things have moved.

Ukraine traded cheaper gas from Russia in swap for permitting the Russian navy to continue a long-term presence in the Crimean Peninsula. The accord, signed on April 21, will extend the lease of the Black Sea Fleet’s key base of Sevastopol until 2042—25 years further than the previous cessation deadline. In return, Ukraine got an instant cut rate on Russian gas until 2020, when the existing deal expires. The concession will cost Russia an approximate $3 or $4 billion a year at existing prices. And after 2017, it will apparently be offset by equivalent cuts in the fresh, higher rent for the naval conveniences at Sevastopol.

While the move has ruffled quite a few feathers both inside and outside Ukraine, the uneasiness at Brussels is worth analysing. While Ukraine emerged out as a sovereign nation in 1991, it has been an issue of concern for the superpowers who have been fighting over its geography and using Kiev as a chessboard all the while. The polls of January 2005, dubbed “The Orange Revolution” by the pro-western media, threw some new players in the game. However, the then President, Viktor Yushchenko’s, pro-west leaning was driven more by emotion and less by strategies. He, with the obvious insistence of Brussels, picked fight with Moscow, who promptly arm-twisted the former on gas. Meanwhile, his patrons, it appears, were too busy fighting among themselves.

EU and NATO membership was Yushchenko’s precedence, yet, the vacillating and futile political beliefs of the EU were quite off the mark from Ukraine’s European hallucination. The EU, to Kiev's dismay, was not successful in assimilating Ukraine into ‘Europe’. Similar to other foreign policy matters, the EU could not achieve a sole foreign policy perceptive towards Ukraine. The EU’s assessment of Ukraine in terms of the ‘EU Neighbourhood Policy’ produced profound disillusionment in the country. This was particularly vital for western Ukraine since people here consider themselves as a European nation, and definitely not as a ‘Europe neighbour’.

Victor Yanukovich, on the contrary, was pegged as pro Russian, but he persisted that Ukraine would carry out dealings with the EU, US and Russia. In that sense his foreign policy can be best explained as one of equilibrium between the West and Russia. However, the key matter here was the viability of this looked-for equilibrium.

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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, June 14, 2010

As the world observed the 40th anniversary of Earth Day

While businesses have systematically and thoroughly abused and mutilated our earth, several companies have begun to implant and implement environment-conscious ideologies in their organisations. From a global perspective, the highest impact is being achieved by an Indian-American according to Forbes. Recently named as the greenest billionaire in the world, Vinod Khosla, co-founder of Sun Microsystems, has been pouring millions of dollars into innovative companies that are into sustainable building materials, solar power and advanced bio-fuels. Meanwhile, organic clothes that spare the earth the scourge of pesticides and chemicals are slowly gaining ground in the Indian market. While several designers have taken out eco-friendly lines, two major apparel brands have recently decided to tread the green mile too. These new lines from Van Heusen and Arrow present 100 per cent organic clothes made out of cotton, linen and have used natural dyes. Vandana Shiva, however, stresses on tying such projects with community-based initiatives to ensure that such ventures sustain in the long haul. Further, in dyeing a regular fashionable outfit, roughly 8000 chemicals are used, besides using heavy metals, creating toxic waste and consuming huge quantities of precious water.

Therefore natural dyes are an essential step for clothing companies. Herbal dyeing, which not only uses natural plants and minerals but also retains the medicinal properties of the herbs, is being seen as the next big trend by many. Says Arun Baid of Aura Herbal Textiles, “We will not speculate that the whole world will change and will go for herbal dyeing, but since the dedication to environment, global warming, carbon points are serious issues, in the near future anybody and everybody will have to be sustainable to survive.”

Going green is becoming so fashionable that at The International Indian Film Academy (IIFA) green has replaced the usual red colour of the carpet at the entry. Where Amitabh Bachchan has for long been encouraging eco-friendly behaviour, the latest Bollywood celebrity to join the green bandwagon is Abhay Deol, who has signed up to become the official Brand Ambassador of The Climate Project – India, and for a start has decided to use two separate garbage bins – one for dry waste, and the other for wet waste. The project is aiming to present more concrete solutions through their Teachers Training Programme, where they plan on training teachers in every government and privately-owned school in Delhi about climate change, in time to help the capital get all squeaky and shiny for the Commonwealth Games 2010.

While there is a lot afoot to help our earth regain its lost vitality, each one of us needs to treat our planet with respect and love, and behave as a member of one big family. The Dongria Kondh tribe, the businessmen who own the factories, to the school children who planted saplings this Earth Day, are all an intrinsic and organic part of the same family. “We are the last generation that can make a difference. Our generation has a challenge to not only act in our own capacities to reduce our carbon footprints, but in addition we should also get our politicians to take the big decisions that are needed now,” says Vinuta Gopal. “We need to now think of the rights of mother earth, and how that defines our rights,” stresses Vandana Shiva, and leaves us with a thought that will hopefully resound in our readers’ minds long after, “We are an earth family, and this earth family is a child of mother earth, and her rights come first.”

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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, June 11, 2010

WHEN ROADS LEAD TO NOWHERE

The government seeks further reduction in width of NH

The National Highway development in Kerala reached a cul-de-sac last week when the state government decided to stop land acquisition following stiff opposition from land owners and residents adjacent to the NH 47 and the NH 17. The state government — after an all-party meet — has decided to request the Central government to reduce the width of the proposed National Highway to 30 metres instead of the national standard of 60 metres.

Earlier, the National Highway Authority of India had reduced the width to 45 metres, considering the local conditions. But people were not satisfied. They have succeeded in pressuring the state government to take the issue up with the Central government in New Delhi.

An all-party delegation of state MPs presented a memorandum to Prime Minister Manmohan Singh. But sources say it is unlikely to get special consideration. Most of the states have already started work for 60 metre-wide National Highway and even after the special consideration, Kerala failed to start acquisition work on time. NHAI chairman Brijeshwar Singh, while attending the all-party meet convened by chief minister V.S. Achuthanandan, categorically said Kerala could have a highway of 30 metres width. “You can build a road of 30-metre width, but it won’t be a National Highway. It will only be a state highway,’’ Singh told the members at the meeting.

Besides, the NHAI has been accused of being partisan towards hotels and other industrial groups. The locals fear that if they give up the fight, they won’t get the compensation. “The state government is committed to look after its people’s interests. We are sure that a 30-metre wide highway will cater to the demands of the state,” he said. The highway issue had political fallout also. Days after the all-party meet decided to stall the work for highway development, Kerala Congress (J), the party which handles Works Department in the LDF Government, has signalled leaving the front and joining the Congress-led UDF.
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Source :
IIPM Editorial, 2009


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

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Wednesday, June 09, 2010

Unleashing a fresh paradigm

The fifth anniversary of Goafest not only showcased 4,500 ads from all over the country but also witnessed the presence of more than 3,000 delegates across the globe. neha saraiya presents a peek -a-boo into the fest and the key takeaways

As an event that spanned three days and took in innumerable entries, Goafest 2010 was arguably one of the largest platforms for creative and intellectual exchange in the world of advertising. This year, the theme was "Survival of the Freshest". Sam Balsara, CMD, Madison Communications, cites, "After growing at nearly 20 percent year on year for 5 years, the advertising market dipped in 2009 by as much as 10 per cent. It's finally time for agencies to grow and make up for lost time with sharp & new strategies."

Day One at the fest was initiated with a business conclave titled ‘2010: Time to Grow’. The session got off to a flying start with Tom Doctoroff, CEO, JWT, China with many other CEOs of advertising, media and agency organisations debating about achieve desired growth rates. The session highlighted that the global contribution of Indian ad indutsry is just 0.7 per cent and how it needs to be increased. Day two was when the audience was witness to the Media Abbys, in which around 81 entries were shortlisted in round 1 itself by a jury of 51 judges. Maxus scored the maximum wins with 11 medals; while Lodestar Universal and Mudra Max won 3 Golds each. This year, an altogether a new category titled 'Best Use of Never Before Media' was introduced at the fest and it was bagged by Mindshare for the Nike - 'Coming to life with a code' campaign.

The final day was marked by the creative Abbys where Creativeland Asia stole the show by winning 1 Gold, 2 Silvers and 7 Bronze, which took them to rank 4 in terms of number of trophies won. The event, which started off with a bang as Colvyn Harris, CEO, JWT; Sam Balsara, CMD, Madison Communications and Bhaskar Das, Director, Times of India Group marked an entry by riding a SUV from the beach ended on a similar electrifying note with a fire show on the beach, and the extravagant gettogether; where the 'survivors' as well as the rest of them, celebrated the passing of another glorious year of Indian advertising and looked forward to much more excitement in the years to come.

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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, June 08, 2010

IIPM Manavata Vikas Awards - An iconic event

The IIPM Manavata Vikas Award ceremony, which was organized under the aegis of The Indian Institute of Planning & Management (IIPM) on April 15, 2010, was an event notable not only because of the phenomenally eminent awardees, but also because of the presence of some of India’s leading intellectuals, academicians and industry luminaries at the event.

In a country where there are more movie awards and fashion show felicitations than conferences on betterment of poor people, the IIPM-Manavata Vikas Awards have, at the outset, created a new benchmark for being explicitly and unabashedly supportive of socially relevant work targeted towards the destitute and hugely disadvantaged sections of the society. It is supremely unpardonable that India has allowed decades of debilitating poverty to continue growing with hundreds of millions being added to the list every year. Although the IIPM-Manavata Vikas Award might not be effective in the short term in reducing the collective plight of the poor sections, it is but a surety that this is an award series that will gain considerable national momentum in the years to come & much international recognition too.

The awards were divided into two key categories. The first category was the category for contribution to the progress of humanity, management and economics. The second was a special category for contribution towards the upliftment of West Bengal and its people since IIPM’s Manavata Vikas Kendras – centers working towards on-the-ground social support activities – have their roots in Bengal.

The noted and most highly respected awardees, who were felicitated with a gold medallion, citation and a Rs.5 lakh monetary prize, included:

* Famed octogenarian Padma Vibhushan Mahasweta Devi, for dedicating her life towards the upliftment of the tribals — the adivasis, lodhas, shabars, santhals, among others.


* Pradip Bose, for his incisive analysis of political and economic systems, predicting the downfall of Stalinism everywhere and promoting democratic socialism.

* Sunanda Sanyal, for his lifetime dedication to the well-being of students and for his active contribution to restore democracy in West Bengal.

* Dr Ashok Sanjay Guha, for establishing newer perspectives to economic growth theories.

* Medha Patkar, the renowned leader of the Narmada Bachao Andolan movement, for her selfless and untiring contribution in taking up causes of the displaced poor.

* Shuvaprasanna Bhattacharya, for his contribution in organising the Bengal intelligentsia to restore democracy in West Bengal.

* Gurcharan Das, former MD of P&G Worldwide and eminent public intellectual, for his contribution to people centric management theories.

* Swaminathan S. A. Aiyar, Consulting Editor of The Economic Times, highly lauded writer and economist, for his contribution in making complex economic problems easily comprehensible to the common man.

* Belur Sramajibi Swasthya Prakalpa Samity, for its contribution in making advanced healthcare facilities available to the poorest of the poor.

The Chief Guest for the occasion was Dr. N. R. Chatterjee (Former Dean, FMS, Delhi University and current Dean – Faculty Development Programme, IIPM). The main speakers at the award event included Dr. Malay K. Chaudhuri (Founder Director, IIPM and Chairman, IIPM – Manavata Vikas Awards Committee), Prof. A. Sandeep (All India Dean, IIPM), and Prof.

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IIPM Editorial, 2009


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

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Monday, June 07, 2010

Heavy Metal Entertainment

A little formulaic but great action and fun to savor

Early on in the film, the soundtrack of “Iron Man 2” belts out AC/DC’s ‘Shoot to Thrill’. The sequel to Marvel’s reboot of the “Iron Man” franchise does shoot to thrill and as a pure fun action movie delivers the goods in style. But after a kick-ass first part, the follow up has a little less mettle. The quirky, dry humour is there and so is the action; even the cast of characters expand but there’s not a lot that leaves a lasting impression.

Of course, there’s no way you will not continue loving Tony Stark aka Iron Man because Robert Downey Jr brings his A game to the role again, expressing the narcissism as well as the insecurity that our superhero has to deal with. His trusted aide James Rhodes (Don Cheadle replaces Terrence Howard; Howard was marginally better in the role) turns into ‘War Machine’ and Iron Man has a sidekick and, of course, there are the mandatory villains – a rogue physicist bent on revenge because Tony’s dad stole his dad’s secrets (Micky Rourke is menacing yet delightful as Ivan Vanko/Whiplash) and a rival company’s head who wants to see Stark Industries lose control of its proprietary Iron Man suit (Sam Rockwell plays Justin Hammer like only Sam can). Even the government is involved for good measure.

There are some superbly done action sequences (check out the scene where Whiplash attacks Tony Stark’s car at the race track in Monaco) and a great soundtrack keeps the beat up. The only disconcerting thing is the presence of a few too many Iron Man style suits around taking the novelty factor out. Some of the most cracking moments of the film arrive with the appearance of Samuel L Jackson as Nick Fury; his exchanges with Tony Stark being quite memorable. Perhaps not as illustrious as its predecessor, but “Iron Man 2” is a strong sequel that keeps the neat blend of action, humour and intrigue of the original intact.

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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, June 04, 2010

81 civic bodies go to polls in West Bengal

Professor Biswanath Chakraborty of Rabindra Bharati University, a noted poll analyst, says, “By-polls to a few Assembly seats and elections to 18 civic bodies have been held since the Lok Sabha elections. Results show a vote swing of two to seven per cent against the CPI (M) in various seats and districts. On the other hand, there is a clear seven per cent swing in favour of the TMC-INC combine. According to my estimate, four per cent of these were Left Front voters, one per cent BJP voters while two per cent are either new or floating voters.” Considering the opposition unity index (OUI) and other factors, he says, “It is clear that people are in the mood for a change. So, they are not taking split in the opposition well. However, they are not ready to give a pass to the ruling Left Front. So, they may choose one of the two opposition candidates as the main contestant and vote en bloc.”

However, differences among the opposition blocks have rendered another dimension to this poll. A united opposition could have used the misrule of the Left Front government as a poll plank. In the absence of that, considerations like personality, honesty and behaviour of a candidate would come to the fore. So political issues like development and future policies have been put on the backburner.

But some of the important civic issues have taken a back seat, says Chakraborty. “The Jawaharlal Nehru National Urban Renewal Mission has imposed the condition of repealing Urban Land Ceiling Act, which is paving the way for multi-storey apartments and the urban poor are the worst affected by this development. Slum dwellers are being evicted and some slums are being allegedly burnt down. While this is emerging as a serious civic crisis, players in the fray are silent about it. They are stressing more on the rival party’s activities and misdeeds,” In fact, issues like hike in the property and water tax, citizens’ charter, degradation of ecology and environment are being blissfully ignored during the campaign by all the parties. While the CPI (M) is stressing on Maoist violence, the TMC is hinging on its tirade on CPI (M)-led violence. TMC salvos against the INC are only confusing common voters.

There has been some understanding (read seat sharing) between local TMC and the INC leaders, ignoring the high command’s diktats. Such scenario is emerging in municipalities by the day, perhaps due to the pressure put by pro-change voters. Chakraborty readily agrees. “People want change. For this, one does not have to be a supporter of the Congress or the Trinamool, just social consciousness is enough,” he says.

“The end of the TMC-INC alliance will enable the CPI(M) to prove that the opposition is unstable and its leaders will try their best to convince people likewise. Second, some pro-change voters, disgruntled with recent developments, may keep themselves out of the poll process. And third, middle-class people with government jobs, who have got a good hike in their salaries, may opt for status quo,” he concludes. It is quite likely that voter turnout will be considerably lower. The overall developments definitely do not augur well for the opposition.

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Source :
IIPM Editorial, 2009


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

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Wednesday, June 02, 2010

It’s No ‘Point of no Return’

Greece’s problem is only temporary and its capital will flow again

It can be a source of envy for anyone from ex-communist world with a distant memory to find the frantic efforts underway to save Greece and other vulnerable southern members of the euro zone. It is not unknown to anybody with interest in Europe, what happened to Russia in late 1990s. Russian Federation declared 90 days moratorium on its debt after floating rouble in August 1998. The consequent crisis led to major depreciation of rouble and liquidation of Russian banking system. Russia ended 1998 with a contraction of 4.9 per cent instead of a small growth that was expected.

However, Russia bounced back with a positive trade balance, as the economy grew 8.3 per cent in 2000 and five per cent in 2001. The recovery took place because of import substitution effect after devaluation; the augment of Russian oil and gas prices for exports; monetary policies; and fiscal policies had affected the first federal budget surplus in 2000!

It was the same story with Poland, which successfully adopted elements of bank recapitalisation and government mediation. After the failure of Balcerowisz Plan, the economy of Poland was in shambles, when the restructuring programme was ratified in 1993 — stating the banks can recapitalise only if they carry debtor restructuring plan to the satisfaction of finance ministry. In case of loan recoveries, banks had a greater authority supported by the court, giving debtor further inducement to restructure. Therefore, banks were in much better financial position with improved credit evaluation that led to increased competition in the financial sector. The outcome of such measures was positive as bank reforms and corporate restructuring were tackled together in an integrated and transparent way. Furthermore, government subsidies to banks also enhanced the quality of debt restructuring.

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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, June 01, 2010

DoT not ignorant but wilfully negligent

The most recent attack on an Indian institution, known to the media, was on December 15, 2009, while India was signing defence agreements with some American companies. The then National Security Advisor K Narayan had admitted to the cyber attack by Chinese hackers. He had said, “This was not the first attempt by the Chinese to hack into the systems of important government offices.” His own office was targeted and the attack came in the form of an e-mail with a PDF attachment containing a ‘Trojan’ which allowed a hacker to access a computer remotely and download or delete files.

Keeping these issues in mind, the MHA asked the ministry of communication and IT to ban Chinese equipment and software pertaining to highly sensitive mobile services. China expert and professor at Jawaharlal Nehru University Srikanth Kondapalli says, “They are pushing for their companies but there is a difference between Indian and Chinese companies. Chinese companies have to have a member of the party committee in one top position where as in India no company generally has a member of a political party who will report to the Central committee or politburo of the party. Also, any Chinese citizen, who goes out of the country, first serves the country and then only gets his passport. So we can say there is some connection between the Chinese companies and the Communist Party in power.”

After the MHA raised the red flag, the government became active about mobile telephony equipment but it has not paid any attention to SIM cards. Its complete focus was on other equipment and software used in networking of the mobile services. It is to be noted here that the state-run BSNL considers SIM to be compliant with the same quality standard which is applicable to all other mobile equipments. Experts say that spyware planted in SIM cards can also be used to jam networks, causing chaos in the country. Senior Project manager of HCL technologies Sanjay Jauhari says, “Crores of SIM cards can be blocked by inserting spyware into them. Or, it can be used to listen in to conversations.” We can’t neglect the possibility of China already tracking the phones of important people? Former special director of Intelligence Bureau D.C.Nath says, “The problems of SIM cards are two-fold. They can infiltrate the communications of people who are directly or indirectly related to security and Intelligence establishments. The much bigger issue is that of economic espionage. The country’s economy can be crippled. The government should recall all foreign-origin SIM cards and cleanse the market of such SIM cards. Even the corporate world should be sensitive about it.”

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Source :
IIPM Editorial, 2009


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

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