CENVAT

IIPM-PRESS CENTRE ARTICLE

On an optimistic note, to take reforms forward, the Finance Minister should end the unwarranted support to SSI sector. The increasing support has only led to tax evasion and revenue loss to the tune of 10% (Rs.20bn) of revenue, owing to mishandling of CENVAT procedures and faulty records.

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Source:IIPM-Editorial,2006

Nike sprinting fast ahead

IIPM ARTICLE

Nike, the world’s largest sportswear group, registered a robust first-quarter profit owing to strong sales in the US markets. The athletic footwear and apparel giant’s quarterly income rose 32% to reach $432.2 million. This marks a major turnaround for the sports goods company, as the last quarter saw the Oregon-based company reporting its slowest revenue rise in nine quarters. The quarterly revenue of the company rose by 8% to reach $3.86 billion. Nike is now in for stiff competition to grab a bigger share in the lucrative US shoe market after rival Adidas-Salomon announced plans to purchase Reebok International.

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Source: IIPM-Editorial,2006

CANADIAN ECONOMY

RESEARCH AND PUBLICATION IIPM, PRESS CENTRE

The rise of the services sector has transformed the structure of the Canadian economy. The economy is divided in two economic sectors, of which five comprise goods-producing industries and fifteen services-producing. While the goods-producing industries account for 33% of the economy, the services sector is much larger, generating around twothirds of gross domestic product.

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Source:IIPM Editorial-2006

ALEXANDER FEDEROV

RESEARCH AND PUBLICATION, IIPM-PRESS CENTRE

The 278 lb iron man standing tall at 6’1, Alexander Federov too began to create seismic waves as the strapping young man set-off his streak of victories with the Junior German open in 1999 and then the World Championships. But the Russian Arnold was to break off from bodybuilding and enter the world of white collar jobs as a sales representative in his quest for a surer source of income.

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Source: IIPM Editorial-2006

AGRI-BUSINESS SEGMENT

IIPM-ARTICLE

Then which are the industries that ITC should remain in? 'Cigarettes' is a no-brainer. But the only segment in foods that ITC should continue in, is the agri-business segment (supported by e-choupals) that has immense potential. ITC should necessarily move out of com­peting with well entrenched players in the packaged food segment.

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Source: IIPM Editorial:- 2006

FAMINES

Research and publication, IIPM-Knowledge Centre

Some believe – as Paul Robinson, writing in the New York Times Book Review, once put it – that there is a “Chomsky problem.” On the one hand, he is the author of profound, though forbiddingly technical contributions to linguistics. On the other, his political pronouncements are often “maddeningly simple-minded.” In fact, it is not difficult to spot connections between the intellectual strategies Chomsky has adopted in science and in politics. Chomsky’s approach to syntax stressed the economy of explanation that could be achieved if similarities in the structure of human languages were seen as stemming from biologically rooted, innate capacities of the human mind, above all the recursive ability to generate an infinite number of statements from a finite set of words and symbols.

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Source: IIPM Editorial-2006

The Nobel Prize-winning economist Amartya Sen has emphasized that most famines are associated not with a shortage of food, but the failure to get food to the people who need it, largely because they lack purchasing power. America, the richest country in the world, clearly had the resources to evacuate New Orleans. Bush simply forgot the poor – the tens, perhaps hundreds of thousands, who simply did not have the resources to pay for their own evacuation...

Source: IIPM Editorial

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Copyright:IIPM-EDITORIAL,2006