Saturday, October 31, 2009

Nobody should meeT my fate.

There is no need for another Kamal Hassan. The next generation should go beyond me.

Do you aspire for an Oscar award?

I am not disappointed that I haven’t won an Oscar, but Rahman has. Unless I work in Hollywood I cannot get an Oscar. But I would be very happy if I bagged an Oscar for lifetime achievement like Satyajit Ray.

Who is your role model?

Sivaji Ganesan. He was the first step in my evolutionary growth.

What is more difficult – direction or acting?

Direction is a multidisciplinary job. A director has to concentrate on various things. But an actor just does his/her role. Direction is much more difficult.

Why have you never tried to convert your fan following into a political force?

People have used various ways to capture power. Cinema has also become an instrument to capture power here. Now TV channels have become an important tool. Every political party starts its own TV channel. One can do politics or social service without going through elections. EVR Periyar achieved much without plunging into electoral politics.

Who are the Hollywood and Bollywood stars you would like to work with?

Some things don’t happen even if we wish. I wanted to do one more film with Sivaji Ganesan but it didn’t happen. I wanted to act with Dilip Kumar. I wanted to act with Naseeruddin Shah and he acted in Hey Ram as Mahatma Gandhi. I would like to act with Woody Allen, William Hurt, Robert De Nero, and Clint Eastwood.

Throughout the world, Hollywood movies are copied…

If you see British TV serials of the 1970s and 80s, you’ll understand where the inspiration for today's US TV serials came from. Hollywood has copied so much from French cinema. True Lies, a Hollywood blockbuster, was lifted from a French film. We are making Unnaipol Oruvan. But we have acknowledged the source: A Wednesday. But America is different. They’ve been aggressors; they conquered the land by force and now treat it as their own. The same attitude prevails in Hollywood.


When did you become an atheist?

I don’t remember. You cannot remember when you started speaking. I did not become an atheist one fine morning. Periyar was not an avatar like Kali. He was a great man like Bertrand Russell. He played an instrumental role in my life. He initiated a process in my life that hasn’t ended yet.

Who is the most important woman in your life?

My mother. A mother’s love is unconditional. All others put conditions. I lost my mother when I was 24. I would like to experience that unconditional love through other women. But with sex there is a little confusion here. Every male faces this dilemma. There is a story about Lord Ganesha. He was worrying about not getting married. He placed his hand on his head with grief. The head had a bulge that reminded him of breasts. That reminded him of his mother. If we have a child with a protuberance in the head, we will admit him/her in a hospital. But we worship Lord Ganesha as a god.

Who is the next Kamal Hassan?

Nobody should meet my fate. I am a great fan of Sivaji Ganesan but I wouldn’t want to be regarded as the next Sivaji Ganesan. There is no need for another Kamal Hassan; the next generation should go beyond me.

How do you participate in the growth of your daughters?

I can allow them to access my experience. That's all. Their journey and vehicle are different. I can't give my wooden stick to someone who has a cell phone. The world has changed.

What kind of bonding did you have with Sridevi, your co-star in 27 films?

Many thought we were in love and would marry. But she was like a close relative. She still calls me Sir.

Nayakan was a milestone in your career. Tell us about Mani Ratnam.

Ours was an open house. Many artists would come and discuss many things. One of them was Subbu, alias Subramani. He used to come along with another person called Kitti. Both were good storytellers and I took them to director Bharathi Raja. I thought he was from a humble family and I didn’t know that he was the son of Rathnam Ayyar, proprietor of Venus Pictures. Later he became Mani Ratnam and started directing movies. When producer Muktha Srinivasan wanted to produce a film, I suggested Mani Ratnam's name. Two stories were suggested to me and I selected the Nayakan story.

On whom did you model the character of 'Nayakkar' in Nayakan?

I knew Vardaraja Mudaliyar personally and the character ‘Nayakkar’ was modelled on him.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009

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

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Delhi/ NCR B- Schools get better
IIPM fights meltdown
IIPM

Friday, October 30, 2009

The old man and 'The C'

Newly declassified documents reveal that CIA had Posada on its payroll for most of the time and even recommended him for the civilian post if Castro regime falls, says Saurabh Kumar Shahi

Around one and a half years ago, this magazine had done a story on how Luis Posada Carriles, a key accused of the bombing of Cubana flight 455, got safe haven on American soil in spite of the fact that the then American president and the head of the Central Intelligence Agency (CIA) had full knowledge of his act. The organisation went extra mile to protect him and after a phony prosecution case, set him free.

Repeated requests by Cuba, to hand him over, were ignored. With the help of The National Security Archive based in Washington DC, this magazine had published overwhelming evidence against Posada that included, among others, the bomb circuit diagram used to blow up the flight, the notes about how to assemble it and the fake passport used by Posada. However, those evidence in no way had pointed out that dreaded Posada was in any way used by the CIA for any sort of open or clandestine operations. It appeared then – to the untrained eyes – that CIA was only guilty of shielding him and nothing more. That at least provided CIA the much needed cushioning. This week, that cushion was pulled away and CIA stands naked. As friends and relatives of those killed aboard Cubana flight 455 mourn 33rd year of the disaster, the Washington based National Security Archive has released other chilling documents concerning Luis Posada and his aides and masters. These documents confirm that “the Company”–as CIA is sometimes called – had excellent ties with the terrorist and it took immense pain to keep these ties strong.

Also, it discusses how “the Company” benefited from the expertise of Posada by using him as a stool pigeon on other aggressive exile factions. The papers make available all-embracing particulars on a partnership between Cuban-American militant Jorge Mas Canosa, who later turned into the most commanding leader of the hard-line émigré population in Miami, and Posada – code named AMCLEVE 15 – who came forward to work as full-time informant on aggressive exile operations for “the Company”.
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Source :
IIPM Editorial, 2009
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Wednesday, October 28, 2009

IN 20 YEARS, SCIENCE MIGHT MAKE IT POSSIBLE TO LIVE FOREVER

There will be no requirement for a centralised pumping station such as heart. Blood will flow in natural motion. Many organs such as lever, lungs, kidney, small intestine and large intestine will be absent. This is not a utopia but will be a reality in future. He will be able to live as long as he wishes to. The body will never grow old and infirm. Respyrobytes will enhance the oxygen-storing ability of blood manifold. We will be able to run as quick as Usain Bolt. Our brain will go through many revolutionary changes and its capacity to memorise things, its retention power and logical ability will grow million times. The body will receive energy in the form of micro nutrients and through the skin. So, it will not produce excreta. Then, comes the phase of ‘singularity’. This means amalgamation of machine and man. It will ultimately lead towards immortality. Once this becomes a reality, then we will successfully make our virtual image. This will empower us with many super human abilities. For example, a single man will be able to be present in more than one place at the same time.

How this will be possible

Computer technology and our understanding of genes are accelerating at an unbelievable rate. In body 2.0, a chip is inserted in the brain. But, nanobots, blood cell-sized particles, will be the most important tools in body 3.0. It will perform a variety of functions such as removing clots as well as performing surgeries. Ultimately, nanobots will replace blood cells.

Nanorobot

Removing plaque from diseased blood vessel

Future Body Parts

Brain

It will work faster than computer and its memory capacity will be enhanced many times through nanotechnology. Developments in artificial intelligence will contribute to increase memory capacity, thinking and logical ability. This man will be very akin to a living computer. In body 2.0, high-capacity semiconductor chips are implanted in the brain which augment the functioning capacity of brain. But in body 3.0, nanoboats will do the miracle. These very small-sized tiny particles will be connected through billions of neurons in the brain

Eye

The power of normal human eye is limited. Eyborg will be able to see distant objects clearly. Then, contact lenses will become useless. This eye will be very similar to the capacity of prosthetic eye. Even blind people will be able to see. The way eye-related diseases are treated will change dramatically.

Ear

Cochlear implant technology will enhance our hearing power by a great extent. Humans will be able to hear even sound of a needle drop. Their listening power will be equivalent to that of the bats. There is good news for all deaf people as the phenomenon of deafness will completely disappear.

Skeleton

The Man 3.0's skeletal structure will remain the same. However, its toughness will be many times more than that of a normal bone. Routine ailments will be cured by nanobots. Skin will be adaptable to weather and climatic conditions. It will be able to change its colour.

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Source :
IIPM Editorial, 2009

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

Read these article :-
Delhi/ NCR B- Schools get better
IIPM fights meltdown
IIPM

Tuesday, October 27, 2009

Easier for them to make blunders

The situation today is nothing different. It’s true that economists can see the green shoots of recovery. But certainly they are not as strong as the market is proposing at the moment. Going by fundamentals, India’s growth GDP is still expected at just 7 to 7.5%. Other economic indicators too have not recovered completely from the global meltdown. Even global cues are still on the lower side. All these mean that the fundamentals are yet to recover and the market movement that we see at the moment is more of hype than anything else. Under these circumstances (especially with the media bombardment of news that talks of huge returns made by various investors), no doubt it’s easy for anyone, who does not have a deep knowledge, to get carried away. But the truth is, that’s exactly what the retail investors must refrain themselves from at the moment.

Moreover, it is time for retail investors to understand the difference between a ‘bad investment in a good market’ and a ‘good investment in a bad market’. While the first one ruins the investors irrespective of all situations, the latter pays even at the worst of the situations. But unfortunately retail investors, most of the times, fall for the first type. The reasons are many, it could be the fact that some big guy in the market invests in it. And another reason, the fact that the investor feels or gets tipped that the share is low priced and with a forward movement it can garner higher percentage gain for the investor. But Ashok Jainani warns such shares can be devastating for the financial health of the investors. He avers, “You need to know a lot more about the company (you are intending to invest in), seasonality in its business, the price behaviour and be able to anticipate major market shifts. Share prices constantly fluctuate as buyers and sellers haggle on a mutually agreeable price. Their fundamental worth however does not change minute-by-minute.” Thus his advice to the retail investors, who are keen to get going in the market at this moment, is to analyse the fundamentals of the company and the intrinsic value of the stock before investing in a particular stock. Investing just by being swayed by the market and media buzzes will certainly do no good to the investors.

A similar view is also expressed by Jagannadham Thunuguntla, CEO and Equity Head of SMC Capital, who is bullish on the fact that eventually the market will go up. Warning the investors that a quick money making approach may land them at a hopeless situation he adds; “Only those investors who adopt a patience approach (investing for a medium to long term horizon) will be able to make exemplary profits. Instead of jumping in to anything and everything that comes their way, investors have to be selective. Moreover, they need to pick only those stocks that have a reasonable valuation and strong fundamentals.”

It’s not possible for even the smartest of the investors to measure the exact high and low. So forget about it, as it’s nothing more than a bookish philosophy. But least an investor should do is investing a little sensibly and carefully. More so for the fact that it’s his hard earned money and he is investing it in the market to take back something, not to give something. Meanwhile, the market is again at a junction where investors need to be careful. Further they must understand that there is no fixed formula to win at the market place. So those who offer you top ten tips and twenty tricks of sure success in the stock market, ask them to keep their mouth shut and just follow the stocks with strong fundamentals.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Monday, October 26, 2009

Viswanathan Anand - The king of 64 squares

Viswanathan Anand, chess maestro, is one true world champion that India has. After he became world champ in 2000, many Indians were attracted to the game. Now any Indian chess player receives a tremendous response at international events. Whenever a young player goes abroad to participate in an event, Vishy calls him or her up with his best wishes. Now Anand lives in Spain and when he won the world championships, even the Spaniards celebrated.

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Source :
IIPM Editorial, 2009

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

Read these article :-
Delhi/ NCR B- Schools get better
IIPM fights meltdown
IIPM

Thursday, October 22, 2009

Gir asiatic lion - Majestic beasts, dwindling fortunes

The Asiatic lion is found in the Gir National Park in Saurashtra region of Gujarat. The national park is spread over an area of 1,412 sq. km. The Asiatic lion has been declared the most endangered ‘large cat’ species in the world. Their numbers range between 400 and 450. Poachers have killed 33 lions in the last three years. Gir is a great example of human-animal co-existence. Ecologists are demanding an “eco-fragile zone” around the Park.
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Source :
IIPM Editorial, 2009
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Wednesday, October 21, 2009

Monsoon - The Myriad moods of the rains…

The myriad facets of monsoon have been a source of eternal fascination for Indian poets, musicians and choreographers. Countless poems and songs from across the subcontinent are liberally punctuated with references to the month of Shravan. These ditties extolling the magic and mystique of the rains (varsha, baarish, barsaat) spring forth from the fecund imagination of creative souls.

Versifiers have often seen lightning and thunderclaps as the manifestation of the Almighty while equating the rains with love and passion. Romance and monsoon have always travelled hand in hand across the pages of Indian literature and on to the silver screen.

It is easy to see why. The monsoon has forever had an organic link with the history and culture of the Indian people. You think India, you think rains.

Even ordinary folk across the length and breadth of the country find ways and means of celebrating the rains, when they arrive at the end of several months of a hot, humid summer. Nothing can compare with the sheer joy of getting drenched in the first monsoon showers and soaking up the aroma that emanates from the damp earth underfoot and the rain-washed trees above.

But nobody waits for the rain-bearing clouds to dump their load on a parched earth as expectantly as the peasant. His very existence – and the prospects of a bumper kharif harvest – depend on the quality and quantum of the monsoon. A below-average monsoon – as has been the case this year – can send Indian agriculture into a tailspin and affect the output of paddy, wheat and sugarcane.

Rain songs have been an integral part of Hindi cinema ever since it learnt to sing. From Hariyaala saawan dhol bajaata aaya in Bimal Roy’s Do Bigha Zameen (1953) to Rimjhim ke tarane leke aayi barsaat in Kala Bazaar (1960) Ghanana ghanana ghir aaye badra in Ashutosh Gowariker’s Lagaan (2001), Indian films often captured communities welcoming the monsoon with song and dance.

When Raj Kapoor and Nargis sang the dulcet duet Pyar hua ikraar hua under a single umbrella in Awara, multitudinous hearts went a-flutter. The same pair repeated the magic in Barsaat. Gay abandon, sensuality, communion with nature – these songs have reflected all this and more.

But there is a flip side to the story. Excessive rain causes floods in many parts of India and claims hundreds of lives every year. Thousands are rendered homeless and whole villages are washed away when embankments collapse.

In the big cities, too, downpours often cause great disruption and throw urban life completely out of gear.

But India’s romance with the monsoon can never die even as the ill effects of climate change are being felt in the form of steadily dwindling rainfall.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009

An
IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
Read these article :-
Delhi/ NCR B- Schools get better
IIPM fights meltdown
IIPM

Tuesday, October 20, 2009

Matrimony industry - Made in heaven, packaged on earth

Marriages may be made in heaven or hell; but there can be little doubt that contemporary Indian marriages have the unabashed blessings of Adam Smith, the 18th century economist who sort of gave birth to capitalism. Money is the real glue that now binds the great Indian wedding together. It can be money spent on getting a premium listing on one of the matrimonial websites that have catapulted the traditional ritual of finding a life partner straight into the Cyber age. Shaadi.com and Bharatmatrimony.com have replaced the neighbourhood uncle and aunt who earlier performed the delicate dance of facilitating legalised mating. Of course, for the more popular newspapers, matrimonial ads are still a huge source of revenue. In fact, the matrimonial ads reveal more about India and Indians than all the other news pages put together. If you come across words like ‘innocent divorcee’ and 'early, decent’ marriage; rest assured that monetary transactions of substantive nature are lurking round the corner. Money is what the parents of the bride often cough up for the “happiness of the daughter.” People simply it dowry; scholars from JNU see no dialectical contradiction in raining fire and brimstone on ‘greedy capitalists’ and receiving a hefty dowry once they win a lottery called the Union Civil Services.

In the garb of ‘maintaining tradition’ and ‘upholding their status in society’, Indian parents throw more money during weddings than a gambler does in a rigged game of teen patti. Wads of cash go to a printer. After all, invitation cards have got to rival a product brochure of Gucci or Kingfisher Airlines. In the good old days, people like you and me used to automatically become volunteers to erect pandals, arrange chairs and tables, hustle the ‘cooks’ and act as an amateur bunch of waiters during the traditional wedding feast. But modernisation has taken its toll and ‘caterers’ have replaced the volunteers; five star hotels have replaced the playground nearby. Obscene amounts of money are spent on flowers; on giving ‘gifts’ to relatives of the groom; return gifts for relatives of the ‘bride’ who turn up for the wedding reception and to assorted pundits and other factotums without whom an Indian wedding would be unthinkable. Then, of course, there is the ceremonial parade of the groom sitting on a tired mare that trots ahead while the rest of his entourage follows. They dance to loud music on their way to the venue.

By the way, there is also a fresh dimension of fat cash added to the Indian wedding: fees for the divorce lawyer!

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Source : IIPM Editorial, 2009
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Monday, October 19, 2009

Kumbh mela - All in good faith…

Being at the Kumbh is sheer magic and a matter of faith. It doesn’t matter how long it will take them (devotees) to reach there… it doesn’t matter if one has to walk, take a train or a bus and then walk again. They’ve simply got to be there, even if that means spending the night out in the cold under the open sky. It’s their faith that takes them everywhere. I’m thankful to Him for giving me the opportunity to marvel at something as grand as that. Even a man who earns as little as Rs 100 per day goes there and thanks Him. Just stand there and watch the crowds move towards the Sangam and you can’t believe your eyes. They don’t want to look at anything else, they don’t relate to anything else. The holy dip at Sangam is everything. This blind faith is how India survives in spite of the chaos all around us. One can just stand there and take pictures endlessly.


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Source :
IIPM Editorial, 2009

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

Read these article :-
Delhi/ NCR B- Schools get better
IIPM fights meltdown
IIPM

Wednesday, October 14, 2009

Kapil dev - The hurricane of Indian Cricket

One of the greatest all rounder India has ever produced, he is the man who brought India’s first and last ODI World Cup. Standing on the Lord's balcony with the Prudential Cup, he showed to the world what India was capable of. ‘Paaji’ of Indian cricket gave an entirely new dimension to the sport. It is only because of him we see a brigade of fast bowlers emerging from every nook and corner of this country. Of course, how our IPL stars can forget this gentleman? He came up with ICL. To counter that move, BCCI came up with IPL. Thanks ‘paaji!'

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Source :
IIPM Editorial, 2009

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

Read these article :-
Delhi/ NCR B- Schools get better
IIPM fights meltdown
IIPM

Tuesday, October 13, 2009

Yoga - Of Yoga and Yugas...

The Vedic culture was conceived thousands of years back by the vedic masters who had a direct connection with the creator. This gyan was documented by Rishi Vyas at the beginning of kalyug, approximately 5000 years back. A recent Oxford University study asserts that the ancestors of the British people were cannibals, as if calling them apes was not enough insult! Respect for creation and everything within it and beyond it, is characteristic of Indian culture. Our Vedic ancestors were descendents of Herculean beings who not only gave the world the knowledge of the material world but also the etheric world. Any serious practitioner of the subject of spiritual sciences would clearly see the devolution of mankind, which was anticipated by the Vedic Rishis hence they gave to the world tools as per the anticipated capacity of the beings who would inhabit this planet at different points of time – poetry, art, romance, economics, medicine, physics, chemistry, dance, music..........peace; you name it and they gave it.

Creation began from stillness, in the opening yug, In Satyug, the beings were highly evolved and had complete mastery over nature so Yoga existed as Shrotras (oral knowledge which was transmitted through the medium of dhwani). They were well aware that creation’s outermost manifested periphery was dhwani and it was this energy which will take them back to their source or will get them to yoga. Hence, the Vedas became the yoga of that yug.

According to Vedic cosmology, time is circular, one moves from stability towards chaos and again from chaos back to stability. With a change in the yug, devolution of man set in and so in the Treta yug shrotras were forgotten. Now only remembrances remained and smritis became the yoga of those beings – the path to evolution was simplified. In the next yug, Dwapar, the epics became the yoga, which were interpreted by the Gurus to suit the level of evolution of the Shishyas. The gyan of evolution was simplified further.

In the last and present yug, Kalyug, the ancients knew that the beings in this life would have a shorter lifespan and a myriad of desires. So, Rishi Patanjali, being aware of the suffering that was to befall in kalyug, imparted a simplified way to evolution, Ashtang Yoga.

The beings of kalyug only understand the dictates of quick money and beauty. As demand creates supply, distorted physical aspects of yoga, asanas and pranayams, began to be sold off as secrets to a healthy and beautiful body. Perhaps, it is the law of karma at work. India, exploited for centuries, is now getting back at the world. The negative karma generated by the world is being balanced out by these so-called yoga gurus who are themselves steeped in maya. We have forgotten here that a practitioner of Sanatan Kriya or ashtanga yoga if practiced in totality would get beauty and health as a by product, the main benefit would remain evolution.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Monday, October 12, 2009

COW - Who would like to be born a cow?

Veneration of the cow isn't an Indian preserve. Ancient societies from Mesopotamia to Indus Valley glorified the cow. These civilisations marked the beginning of settled agriculture and animals were a necessary source of energy and power for them. They naturally glorified the cow. What appears unique to India is the duality of attitudes towards, and treatment of, the cow. At an ideational level, the cow is highly venerated. The Aryans were a pastoral society. Cow, being a milch animal, was naturally valued. The celestial cow, the Kamdhenu, became the symbol of plenty and prosperity. The Aryans valued the cow for the milk. They also relished the cow as an item of ceremonial food. Early Vedic literature adduces evidence that the cow was also used as a sacrificial animal. Not only this. Different parts of the cow were differently valued and relished. Since the emergence of reactionary tendencies among a section of the Hindus, there is a conscious effort to suppress these references. The cow divided the society into two groups. One comprises those from the higher castes who swear by vegetarianism and venerate the cow. The other consists of the lower castes which eat the cow and is non-vegetarian. This section constitutes the majority among Hindus. One reason they are looked down upon is that they eat beef. Christians, Muslims and tribals are similarly considered lowly.

The cow has been a source of communal conflict over the decades. It has historically sparked riots. During the freedom struggle, placing cow-meat in temples and playing of music in front of mosques were the most potent sources of communal outbreaks. Far too often human lives have been lost in the name of the cow.

The peasant has always displayed a most pragmatic orientation to the cow. He nurtures it, feeds it, and takes care of it for the milk it provides. At the same time, when the cow grows old he easily recognises that it is of no significant value any more. He sells it to the Muslim butcher. This secular ethic of the peasant demonstrates that the hullabaloo that we often witness over the cow has no basis in existential realities.

The veneration of the cow stands in marked contrast to the inhuman treatment meted out to the animal. The proverbial bania, who worships the cow in the street before opening his shop, hits it with his lathi if it comes close to the grain stored in his shop. Even milkmen let cows loose to fend for themselves. In urban areas, the cow has the most pathetic existence. Rather than vegetation or grass, it eats plastic bags and garbage. This dualism is a deplorable aspect of Indian life. Societies that eat them rear them better. If one were to ask people whether they would like to be born at some point in the cycle of life and death as a cow, few Indians would answer the question in the positive. Those who raise social struggles in the name of the cow do so out of political motivations rather than respect for the cow.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Friday, October 09, 2009

“This is due to the fact that more and more investors are flocking to take refuge in gold as an asset class as it happens to be the best bet against rising inflation. The high valuations of stocks and its attendant risk have been by and large motivating investors to partly shift to gold as an investment class.” And why not? After all this is one such asset class, which has shown immense resistance to loss over the past two years, when there was carnage in the share markets the world over. For that matter even in India, while the BSE Sensex has offered only 19.82% return over the last 12 months, gold has returned nearly double (35.76%). The gold exchange traded funds too have returned a handsome of around 35%. And thus gold is the one, which is still glittering in the eyes of the investors despite the fact that the stock market is on an upswing at the moment. But it’s all for the investors and not for the traditional Indian buyers.

Historically, India has been the biggest consumer of gold. As per World Gold Council, privately held gold in Indian households alone amounts to 15,000 tonnes. And the festival season is that part of the year when demand for gold shoots up riding a wave of high demand from households only. But with the price level expected to range between Rs.16,000 to Rs.18,000 per 10 grams, analysts expect retail demand for the precious metal to take hit this season. As per Prithviraj Kothari, Director, Riddhi Siddhi Bullions, “Overall demand for gold will be less by 30% during the forthcoming festival season.”

It’s not just that the analysts are anticipating a fall in demand; the impact has already started to show its colour. Deeptirani of Syndicate Jewellers in Bhubaneswar avers, “Gold price has ushered a wide adverse impact on our business. Though puja season has started, customer inflow to our showrooms in Bhubaneswar and Berhampur is a lot lesser than what we had witnessed last year. We have announced 50% off on making charges on gold ornaments, but footfall in our shops is still on the lower side. Even those who are turning up are buying very little quantity due to high price of the metal and budget constraints.”

The way things are moving at the moment it’s quite clear that this year’s festival season will not be as joyful for many as it had been in the past. With global cues still standing strong and the festive demand coming in its way, gold price continues to hold on to its positive outlook. And this clearly means that for the Indian households who buy gold just for their love for the bullion, this is going to be a festival season worth not remembering.


For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009

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


Read these article :-
Delhi/ NCR B- Schools get better
IIPM fights meltdown
IIPM

Thursday, October 08, 2009

Cued for Greatness

From beating his own brother to win his first title to trouncing nine-time and defending champion Mike Russell to become the new World Professional Billiards Champion, Pankaj Advani has obviously picked the right cues. The undisputed king of the green baize in an exclusive interview with Satish Chapparike….

At 6, you lost your father. At 11, you first held the cue in your hand. At 24, you are World Champion. What does it feel like?

Yeah, I’ve been through much more in 24 years than many people would in their entire lifetime, but I’m not complaining! Snooker and Billiards have filled many voids in my life.

What made you turn to the green baize? Can you recall the initial days when you first took the cue from your brother Shree?

I used to follow Shree and his friends to the pool parlour near our house. Since there is a 7-year age difference between us, I was treated like a baby by them. I was around ten then. I used to sit and watch them play – that is how I first learned the game. Then one day I asked Shree to let me try a shot. At my first attempt, I potted the red ball. Since then, there has been no looking back.

Tell us about your mother and brother – the two people who have shaped your personal and professional life…

Like I mentioned, Shree introduced me to the game. Without him I doubt if I’d have taken up the cue. Plus he is my mental coach. Billiards is as much a game of the mind as it is of precision and hand-eye coordination. At present Shree is doing a Ph.D in Sports Psychology and wants to help other sports persons too. As for mom, she has played the multiple roles of father, mother and friend to perfection. I can talk to her about anything under the sun. We share a very close bond.

Have cue sports got an elitist reputation, or can anyone hope to cut it? What is your advice to youngsters who wish to follow in your footsteps?

Billiards and Snooker can be made accessible to kids from all strata of society if parlours are allowed to operate without heavy licence fees, etc. Then they can cut down on their table fees. Plus, schools and colleges can put up tables in their premises. Recently, Karnataka State Billiards Association (KSBA) gifted world-class tables to a few schools and colleges in Bangalore. The response to the game was amazing. Such gestures from other clubs and the corporate houses would bring the game within reach of everyone.

Do you think you and other sports persons have got a raw deal compared to say, cricket?

Till now, the government of India has honoured me with the Arjuna Award, the Rajiv Gandhi Khel Ratna and the Padmashree Awards. So the recognition is satisfactory. In the past, the scene was really sad. Now I see a shift in the attitude of the media and things are definitely getting better.

If you are comparing cricket to cue-sports, then yes, it seems unfair. But we should take a lesson from the BCCI and market our sports aggressively like they do. Let’s learn from them instead of whining. I always believe there is enough space for all sports to coexist.


According to you, what is the solution for the redemption of other sports in India?

I feel each sport should be adopted by a big corporate. It should be nurtured by them – treat it as a socio-national responsibility. As an incentive, the government can give them some tax sops. Stipends and jobs can be given to deserving sports persons. I joined ONGC when I was 18. They have given me three promotions because of my performance and that really gives us a fillip. Schools must encourage sports.

Which was the tougher final of your life – beating your own brother Shree in that first tournament or beating nine time world champion Mike Russell at Leeds?

Beating Shree was tougher – emotionally, at least!

Describe your win at Leeds. Did it look tough, or did everything go according to plan?

It seemed like a scripted win. Everything went according to plan. I did not take my foot off the pedal because I knew how dangerous Mike could be. Incidentally, this is the first time we have played one another.

After winning the Championship, you said, “I am now at peace with myself”. Could you elaborate?

Even after winning six world titles before this, my critics would deride my achievements and say that I had not won the Professional Billiards title.

Now that I have won it, I won’t have to hear all that, so I am at peace. All my seven titles are equally special for me. I have fought hard on the table for each one of them.

Who or what do you attribute your enormous concentration and inspiration and that lovely smile that has the girls swooning?

I guess God has been very kind. As for the girls, please show me where…

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Wednesday, October 07, 2009

The audacity of hope!

All round efforts are required by women to storm into global lists

The journey seems to be quite long. Indian women have come a long way – from confinement of their home to the limelight of business and power. The dark period of women era, without any apprehensions, is currently witnessing a transition phase. Although this transition is quite slow and to some extent quite delayed too. The camouflage has been removed, if not by all then by the likes of Sonia Gandhi, Chanda Kochhar and a few others. Writing their own success story, these women have overcome many societal hurdles and made themselves a prominent figure in national as well as international circle. In a patriarchal Indian society, few women have not only achieved new milestones but also booked their slots in the world’s most esteemed magazine. Few weeks ago, a few Indian women, namely Sonia Gandhi, Chanda Kochhar and Kiran Mazumdar-Shaw made it to the Forbes’ ‘The 100 Most Powerful Women’. Being featured in this globally recognised list is not only their personal achievement but is also a matter of pride for the whole country!

Amidst this pomp and show and echo of applause, the pertinent question that surfaces is – in a country where women’s exploitation, illiteracy, adversity and subjection is still a daily affair, can this status be achieved by a woman hailing from a small town or a tier-II/III city? It would be just not a distant dream but more of a mirage, expecting women hailing from a small town, a financially weak family, studying in a government school or government-aided college and then working in a government office to make to this list in the near future.

Most of the women, who are a potential candidate for this globally acclaimed status, are shackled by domestic restriction and are financially handicapped. No doubt, the government of India, through its numerous pro-women policy intervention sought to uplift the women, but most of them have not reached a larger audience.

In case of Ms. Gandhi, Ms. Kochhar or Ms. Mazumdar-Shaw, their family support and excellent private education (of course, their own effort too!) catapulted them to their current level. It would have been not only difficult but rather next to impossible for them to reach this zenith if they were from some lower section of the society – where government’s aid takes decades to reach. Along with their own effort, the benefit of pedigree always came to their rescue. According to Grand Thormton International Business Report, merely 14 per cent of the Indian women have made it to the top corporate rungs. Along with societal hurdles, Indian women, unlike their counterparts in the West, do face bias in the corporate milieu too. Girls in India still have to compromise on their education and health along with virtues like child marriage and foeticide, to name a few.

It would require a chain-reaction like efforts from the government’s end to uplift women and help them at the grass root level. Innovative policies from government, collaboration amongst nations and support from corporate sector is required to trounce the bigotries that act as an impediment for the Indian women. Until then, these success stories will be just confined to a small pocket of population, these names will be just an exception and not a norm. To corroborate this – only three Indian women were featured in the top 100 as compared to overwhelming 66 American women.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Thursday, October 01, 2009

TITAN

The charm dimmed and even the titanic image of stars couldn’t fight the global stalwarts...
Churning over 7 million watches every year and having over 65 million customers, it was no big surprise that Titan finished sixth in the list of world’s largest watch manufacturers. Right from the time it overtook HMT, the then-well-established watch brand till today when it has entered the premium segment (by acquired license for brands like Tommy Hilfiger), Titan from the Tata stable has carved a niche for itself in India. Through its unique pricing strategy and sub-brands like Edge, Sonata, Nebula, Raga, FastTrack, et al, Titan has catered to almost every segment of the market. And the watch major has even successfully diversified into the jewellery and eye gear segments through Tanishq and Fast Track. Speaking on the latest venture – eye-gear retail outlets, Bhaskar Bhat, MD, Titan Industries, said, “Titan ‘Eye+ stores’ will offer the widest and most stylish optical range available in the country. It will be strongly underpinned with trust and loyalty building measures...” However, last year even Aamir Khan’s magic couldn’t do much (Rani Mukherji as the face of Raga passed almost unnoticed) to save the company from the marketing wrath unleashed by big labels like Tag Heuer, et al, and it fell to a depressing 76 slot (from last year’s 34) in our ranking.

Source : IIPM Editorial, 2009
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative