Wednesday, March 31, 2010

Delhi’s Doomsday

Scalding vignettes of an insidious world

“LSD” isn’t the kind of movie you can get high on. It’s dark, dank and disturbing: it socks you in the solar plexus and leaves you writhing. Co-writer and director Dibakar Banerjee imbues the film with the unique sensibility that yielded “Khosla Ka Ghosla” and “Oye Lucky Lucky Oye”, and then adds a few more quirky layers to it to come up with this daring doomsday portrait of a deviant Delhi.

With a bunch of unknown actors full of spunk and a digital camera that knows no repose, Banerjee has crafted a true breakthrough – a Bollywood film that isn’t Bollywood and is more than just a film. It’s a scary slice-of-life cinematic confessional.

Laced with black humour, “LSD” is a searing critique of a society that has been overrun by the stench of sleaze, of a culture trapped in a stinking cesspool infested with perverse voyeurs, media marauders and honour killers.

Banerjee takes all his cues and characters from real life. An aspiring filmmaker falls in love with the lead actress of his diploma film only to end up dead in the most shocking circumstances. An aimless drifter cons a convenience store salesgirl into a passionate roll on the floor and captures the act on a surveillance camera to make a fast buck.

A ‘sting’ cameraman and a wannabe music video dancer hook up to expose a lewd and lascivious pop singer. But the operation goes awry. The world they live in is far from perfect, where love, sex and dhoka are but different sides of the same cube.

Particularly striking is the manner in which the three strands of the narrative are seamlessly intertwined. Its rhythm is unsettling, but the movie surely rewards the effort you make to grasp its ways of ‘seeing’.
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IIPM Editorial, 2009


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

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Tuesday, March 30, 2010

There are approximately 5,000 licensed commission agents in Delhi which include 1000 big commission agents. Having established monopoly on the market, they have created an elaborate nexus. They have employed vegetable retailers at monthly salaries and supply vegetables in the residential areas. “They are supposed to deal with wholesale trade only but the reality is that some of them also control the retail trade. I cannot take action against them as they are very dangerous. One more question that needs to be investigated properly is that when prices of food products are rising steeply, how revenues of most mandis are falling,” says another top official of a mandi on the condition of anonymity. The number of fake commission agents is huge.

Even Mother Dairy and Safal outlets are busy making money by selling vegetables and fruits at even higher prices. Mother Dairy, a wholly owned company of the National Dairy Development Board, had been established to support farmers by purchasing directly from farms and supplying to consumers without the added expense of middlemen. However, we found that prices at various Safal outlets in the city were higher than those at local retailers’. The obvious question arises that if Mother Dairy is not benefiting either farmers or consumers, then why is the government doling out subsidies to the entity?

Coming to pulses, it is astounding that though pulses are being sold in retail at Rs 100 per kg, the farmer is still getting not more than rupees 20 to 25 per kg. Assume that traders and commission agents have a margin of 100 per cent. Even then it should sell at not more than Rs 60 or 70 per kg in the market. So, obviously it is the retailer who is responsible for this situation. Devinder Sharma has prescription for this ailment. “The government should start procurement of pulses. At present, its role is confined to deciding minimum support price. Once the farmer has the surety that the government will buy his crop, he will increase production. Same thing has worked with paddy and wheat,” he says.
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IIPM Editorial, 2009


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

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Friday, March 26, 2010

No wonder in this land

TSI Five-O: The ‘imagination’ dimension is missing

Looking at “Alice in Wonderland”, I was hoping that director Tim Burton had struck a fine balance between Alice’s adventures and his animation cum reel life characters. But Burton blows his chance of adding a delicious and dark layer to Lewis Carroll’s timeless characters in true Tim Burton style and barring a couple of bright spots in the art direction, it is a run of the mill fantasy flick.

Alice returns to the wonderland she visited in her childhood as a 19-year-old. Her journey unfolds well with reasonably decent special effects and animation. The story is stereotypically on the ‘fight-for-the -throne’ lines and highlights the conflict between the two queens; red and white. While all your favourite characters - the Cheshire cat, Tweedledee and Tweedledum, Mad Hatter and the like are all in there, their roles never acquire the strange random qualities that Carroll’s original characters had.

The dumbing down makes Alice’s journey through this dream as a heroine in wonderland unimaginative and at points, even banal. Just look at Johnny Depp as Mad Hatter, the most Burtonesque element of them all in the film. Depp’s performance is fairly average and looking at it all only makes you wish that you never lived next door to this Alice.
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IIPM Editorial, 2009


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

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Thursday, March 25, 2010

One can not beat the magic of a live performance

“One can not beat the magic of a live performance. On TV, you see the blown up version of acting but theatre artists are real good genuine actors,” says Nadira Babbar. Well, this certainly is accurate but what is also true is the low popularity (audience mostly comprising the elite) of theatre, even when it means well with its aim to “create better results” of making the society more receptive and sensitive through its cogent live performances. The poignant portrayal of the bumpy life of a 19th century stage actress, Binodini (who fought the biases against theatre in the early days when women of low repute were the ones to perform on stage and the audience comprised mainly of men) did touch many a heart but could’ve galvanised many more, especially those who truly need sensitisation.

There is no denying the fact that more women need to break out of their own prejudices and feel adequate in whatever roles they’re performing in the course of life. A women’s theatre festival, like the Women’s Reservation Bill, is merely a feel good step towards a noble cause with low assured or rather no assured returns. Unless theatre glamourises its image (not the message though) enough to match the entertainment quotient of other popular media, or promote it well enough, it would be difficult to dream of the mighty corpus of funds that the latter play with. Or reach the scale of audience that movies do. Besides, the perceived snobbery of those associated with theatre doesn’t help the cause either.

At a personal level, one’s desire to see this high-potential medium do better than it does currently may stem from the restlessness of wishing to live in a society where man-woman equality isn’t a moot point still met with ‘reservation’, but is an obvious state of mind.
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IIPM Editorial, 2009


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

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Tuesday, March 23, 2010

Le Saint Alexis,

Reunion Island

Le Saint Alexis is a bouquet of luxury on this small French paradise. This opulent hotel serves pure pleasure on a platter. Rendering to the sweet nothings of its guests galore, Le Saint Alexis has always been the epitome of warmth and hospitality. Beautifully situated along the western coast of Reunion Island, Le Saint Alexis provides the most scenic view of the gleaming sun, dusty golden sand and of course the azure waters. Blending tradition with culture, the Le Saint Alexis provides a wholesome experience!

The View: It’s a marvel to watch the refreshing and energising sunrise and the picturesque golden sunsets from the various terraces and patios at the Le Saint Alexis. The Le Saint Alexis also offers a spectacular view of the Indian Ocean. With Reunion’s unparalleled climate, the sky is generally clear for the true romantics to peacefully enjoy uninterrupted star-gazing through the night.

Archi Type: This luxurious resort has been recently built with a deliberate reflection of its tradition and a hint of the Island’s culture in all its contemporary interiors. The designs and decorations have been aesthetically chosen to suit the taste of its guests from world over. With beauty, fitness and spa facilities galore, Le Saint Alexis caters to all needs. With choicest elements doing justice to the interiors with polished stones and the best of wood-work, the beige monochrome lends sophistication to the decor.

Bon Appétit: Le Saint Alexis boasts of various restaurants and food delicacies. Backstage, being one of the most celebrated gastronomic places at Le Saint Alexis, invites its guests to try the various creations of its chef, who is known for blending classic and exotic flavours. Crabs and shrimps, creamy mesclun salad with smooth germs and its orange and pink grapefruit vinaigrette are a speciality.

Around the Corner: Le Saint Alexis is conveniently situated in this small paradise with fabulous hideaways at a reasonable distance. St-Leu is a neighbour to this glitzy town of Boucan Canot. The hotel is barely 25kms away from the spectacular volcano jutting 2500mtrs above the sea level. The three cirques are also around and worth the travel on this fabulous isle… where the climate plays on your mind all the while.

From Under the Carpet: For adventure fanatics, the excursion options could be rather limited within the hotel’s domain. One needs to consider transportation costs before venturing on a trip.

In Essence: Offering originality, and comfort, Le Saint Alexis is indeed an epitome of pure pleasure.
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IIPM Editorial, 2009


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

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Saturday, March 20, 2010

15 ships=all cars in the world!

The shipping industry pollutes dramatically more than other modes of transport. It’s in dire need of revival

For the ‘green obsessed’, it isn’t tough to spot pirate ships in global waters. As far as they are concerned, every ship fits the bill. Shipping has been a massive enabler to global trade, but its contribution to global warming is so alarming beyond imagination.

The severity of the damage caused by shipping came to global attention with the Exxon Valdez oil spill that occurred in the Prince William Sound, Alaska, in 1989. The resulting pollution killed over 400,000 seabirds, about 1,000 sea otters and uncounted large numbers of fish. Today, shipping is responsible for approximately 3-4% of global emissions. It emits around 18-30% of total Nitrogen Oxide and 9% Sulphur Oxide in the air and water. Pollution by shipping affects not only the climate but also bio-diversity, food and human health. The industry burns over 300 million tonnes of bunker fuel every year. The 15 biggest ships of the world create as much SO pollution as all cars of the world combined. A large ship (diesel-powered engine, travelling for around 280 days a year) can generate roughly 5,200 tonnes of Sulphur Oxide. There are around 90,000 cargo ships that travel the oceans. Studies have also revealed that one giant container ship emits almost the same amount of cancerous chemicals as 50 million cars.

US academic research shows that cargo ships indirectly claim over 60,000 lives and cost over $330 billion annually. The Danish Government’s environmental agency adds that the shipping emissions cost them around $5 billion every year and claimed lives of about 1,000 people. Add to that passenger ships. A passenger cruise generates about 210,000 gallons of black water, 1,000,000 gallons of gray water, 37,000 gallons of oily bilge water and more than eight tonnes of solid waste in a week. Over one in ten children are suffering from asthma in the world’s major port cities. Shipping is not regulated and taxed as needed; similar to aviation, since it transports about 90% of all world’s traded goods. Governments in different countries have initiated programs though without major success.

For example, UK proposed a cap-and-trade to encourage companies to follow environment protection guidelines. The World Port Climate Change Declaration conference also emphasised on the importance of greening the shipping industry. Seatrade Middle East Maritime unveiled new innovations in green shipping in 2008. Even companies like Royal Caribbean Cruise Lines are installing smokeless gas-turbine engines or biofuel engines. Many have undertaken research to develop engines to fuel environment friendly CNG and LNG vehicles to avoid harmful emissions like NO2 and SO2. While regulation is imperative, focusing on a few other areas will greatly help.

Primarily, the oil that the ships use is of a very low grade. Technological innovations (use of hydrodynamics in propellers, replacing fossil fuel by renewable sources, and taking care of speed reduction and fleet maintenance) can reduce emissions. But the scale of these initiatives has to be far grander than it is today.
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IIPM Editorial, 2009


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

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Friday, March 19, 2010

Protecting creativity

It seems that Indian designers, knocking on global doors, are missing out on one most essential step to create brand equity – saving their brands from copycats, says Angshuman Paul

Protecting the legacy of the ritzy brand Gianni Versace S.p.A through patents and copyrights was perhaps the most important strategy adopted by Donatella after Gianni Versace died dramatically on July 15, 1997. Brand Versace got its time-honoured ‘Medusa Head’ logo protected in 1998. And now the brand’s logo is safe till 2013. Intellectually creative personae like Gianni might not have realised the importance of copyrights in protecting creativity, but rival Roberto Cavalli certainly did. With a real dislike for being copied by other designers, Cavalli patented his mixed jungle pattern under the ‘Just Cavalli’ line in the early 1990s. Since then, the world of fashion has come a long way and intellectual property rights (IPR) have become more than an option.

An artist getting inspired by another’s work is no surprise in the case of creative industries. But when this alleged inspiration borders on plagiarism, while Italian designer brands like Versace, Cavalli, and Prada have resorted to both legal and police action to protect their IPRs, in the Indian scenario, leave accusations flying left and right, extremely less has been actually done legally and objectively by Indian fashion designers.

On the macro front, there obviously is an immediate need to educate the Indian fashion industry about IPR protection. The Indian fashion prêt industry is set to grow much faster than expected previously and is likely to touch Rs 7.5 billion by 2012 (Fashion Design Council of India stats). With consumers increasingly shifting their focus towards designer wear, with a number of ‘fashion weeks’ burgeoning like never before, and with the western media taking a note of the Indian developments, the designer wear industry now contributes to almost half of the total revenue generated by India from textile exports. And as it happens, with fame and rising competition among designers to create more and quickly, the creative minds of many end up following the ‘inspiration and improvement’ way of creativity. A few shots into the night, and the ‘creative’ mind often forgets whose chicken (read design) came first – the one of the accused or of the accuser. The industry generates business worth Rs two billion through fashion shows, but now it has become a rule for almost every fashion show documenting the drama of one designer alleging that some or the other design has been stolen.
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IIPM Editorial, 2009


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

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Thursday, March 18, 2010

The power of purity

Sally Potter, 60, is one of British independent cinema’s leading lights. A multi-disciplinary creative force, she made her first feature, "The Gold Diggers", in 1983. Since then she has crafted successful commercial features as well as several experimental films. Potter was in Mumbai this week for the premiere of her latest film, "Rage", screened in Indian multiplexes as part of the UK Film Council’s “From Blighty with Love” programme. In this interview with Saibal Chatterjee, Potter throws light on her cinematic vision:

What does cinema mean to you?

It is the ultimate synthesis of image and sound, performance and object. It is profoundly physical and more closely represents the ‘real’ world than any other, yet is ephemeral, metaphysical and artificial. These paradoxes make it a great medium for working with the un-touchable and un-seeable aspects of human experience.

You are a dancer, composer, screenwriter, director. You’ve also acted in one of your films. Is that an advantage?

It is an advantage to know what you are asking people to do. Every director would benefit from some performing experience. Dancers learn how to work and how to embody. Music trains the ear. Writing trains the ear too, to listen to how people speak and also to listen to what they don’t say…the articulate silences. Writing a screenplay teaches one about structure and thematic development, how to distinguish between the necessary and the redundant. There is no real way to train to direct. It’s one of those mongrel skills…a bit of everything. To have a variety of experience is a useful starting point.

Your latest film, "Rage", premiered on mobile phones and the Internet at the same as its theatrical and DVD release. Do you see new media platforms as a boon for independent filmmakers?

Multi-platform release strategies are an inevitable evolution. Independent filmmakers can afford to be more bold and pro-active in this area than established studios which tend to be fearful of risk. Independent filmmakers must be flexible and brave in order to survive.

Your experiments with form and substance, reality and fiction, are at odds with conventions of mainstream moviemaking. Do you ever feel the need to reach out to a wider audience?

Like any other filmmaker, I seek the widest possible audience for my work but not by compromising. I have travelled widely with my films. The audience teaches one the limits of their tolerance. Sometimes, when one presents something unfamiliar, it takes a while for this to become a pleasurable experience for them. But it would be a betrayal of principles to pander to apparent appetites. I try to respect the more profound needs of audiences to recognise parts of themselves and of the world around them by showing things in surprising ways, as if emerging from a deep sleep.

Bollywood’s shadow. What do UK filmmakers need to do to find takers in markets like India?

We need to look around and notice that films have been made for larger audiences and for a longer period historically than Hollywood has reached. There is much to learn from world cinema, including, importantly, India. Cinema tends to gaze west, which is its loss.

What kind of films do you watch? Among filmmakers active today, is there anybody you are particularly fond of?

I have always watched films from all over the world. I recently looked at early Fellini again and found the work very beautiful. Films can seem as fresh as the day they were completed; this is part of their enduring power. I am always interested in work coming out of Russia and Iran. I recently saw "My Name is Khan" I am fascinated by the relationship with epic…The idea that all lives are epic if we look closely enough. Terence Davies is a very interesting British director.

"Rage" is about a murder. But its form and approach go many steps ahead of genre conventions. What exactly are you trying to expose through a tale constructed with a string of monologues?

I wanted to find the most minimal form to express the deepest emotions in the simplest way possible. “Naked cinema”, as some have called it, is a return to the first principles of acting on film; the study of the human face and the nuances of expression that are possible when you work from within. I was also interested in the interface between new technology and the long history of portraiture. Monologues are an ancient form. As a writer, one can work with this form to enter the stream of thought all of us carry silently within.

Which of your films is the closest to your heart – 'The Gold Diggers", "The Tango Lesson", "Yes" or "Orlando"?

"Yes".
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IIPM Editorial, 2009


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

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Wednesday, March 17, 2010

Divine intervention could soothe their wounds.

The people prayed for the dead in the civil war; they prayed for political peace both in India and Sri Lanka; the sermons of the priests were loaded with political undertones. They prayed for the speedy release of the displaced Tamils. Christianity in Sri Lanka has been the backbone of the Tamil struggle for rights. This was reflected in the religious ceremony too. Father Amalraj, priest from the Delft Island under whose Parish the church falls, made arrangements for the festival. “This island is used by the poorest of the poor fishermen. They are benefited by the benevolence of St Antony who owns this island. This is only a feast to thank him,” he told me.

Since he was three years old, Sam Jesudoss, originally of Delf Island, has been to the festival before. Now at 73, he has come with a lot of hope. “There was a time when more than 8,000 people came for the festival. It was an opportunity for many to sell and buy things. But after the war, everything stopped,” lamented the man who had spent a year in Tamil Nadu as a refugee.

When asked about the elections and LTTE, many Lankan Tamils simply don’t like to speak. A twenty-year-old youngster from Mannar, said that Prabhakaran was still alive. Many said they had no future in Sri Lanka. “They have allowed this festival for political gains. The parliamentary elections are due soon. They want to tap Tamil votes,” said an elderly person from Jaffna who did not want to be named. What about the recent presidential elections? “The Tamils voted for Gen. Fonseka,” said another man.

The first day’s ceremonies came to an end at ten in the night. At some distance in the sea, the Sri Lankan Navy boats, once feared by Indian fishermen, stood wobbling in the waters with powerful lights blinking. Some eighty odd fishing boats stood further behind in the middle of the vast darkness. In the near by navy post, blue uniformed navy personnel stood vigil. Early morning and the church was bustling with activity. A friendly scribe from Jaffna said the number of participants from the Lankan side would have been more had the government allowed them.

Indians were in a chirpy mood as they went on clicking photos with Sri Lankan Navy personnel and pretty Lankan policewomen. The mood was just the opposite in the Sri Lankan camp. People knelt in front of the cross on Kachatheevu after 28 years - their hearts full of sorrow, their faces grim. The community has lost many in the devastating war. For once, I was wondering if divine intervention could soothe their wounds.
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IIPM Editorial, 2009


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

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Friday, March 12, 2010

A school student in Guwahati attempts suicide

In the rat race that the schooling system seems to have become part of, where competition – an ‘ethic’ that they now inculcate in hapless students – is often all, the callous attitude that schools and colleges can display in such situations can be shocking. “The school principal never bothered to meet our daughter in hospital,” says Sachindra Das, Nabanita’s father. “My daughter was punished because of speaking in Assamese, her mother tongue, that too outside the classroom.” According to him, Nabanita who had hidden herself in the toilet before the school assembly thought she should run away before having to face her teacher and thus jumped off the balcony. Attempted suicide or attempted getaway, either way the fear factor in Nabanita’s life that morning must have been overwhelming. “The principal even claimed he did not know about the incident till two days after it occurred,” says Nabanita's father.

The East and the West, meanwhile, continue to clash in India. In Guwahati, college after college has turned to making their students wear uniforms, taking away the privilege – and fun – of students wearing the outfit of the day rather than a uniform once in college, something that previous generations would look forward to. The reason seems simple: even institutions such as Handique Girls College, a 70-year-old establishment has not been able to grapple with the new-age Internet-mobile generation. One way to attempt to rein in their new generation girls: make them wear uniform, a move that has spread to just about every college in the city, barring perhaps Cotton College, the century-old premier institution where students reportedly resisted such a move. In many other places in the country the cultural clash costs lives: teachers at a Mumbai polytechnic discovered that one of their brightest students hanged herself after being pressured to get married by her parents.
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IIPM Editorial, 2009


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

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Thursday, March 11, 2010

Darwin couldn’t be more proud...

... and Airbus couldn’t be more loud. What awaits the winged giant?

Darwin’s ‘Survival of the fittest’ theory wouldn’t prove too wrong in the current times, when citadels are tumbling everywhere; and a positive earning reportage is so welcome! So there’s another ‘fit’ $10.3 billion-worth parent of Airbus, EADS, that made all proud by registering a profit of $1.99 billion for FY2008 after a miserable ‘supply-led’ $580 billion loss in 2007 (thanks to the A380 project that nearly broke its back twice!). Yes, good news for now; but, the question remains – will it continue the good work when it comes to making profits?

Louis Gallois, CEO, EADS, seems upbeat about the future of the changed organisational structure. He states, “We made significant headway in reshaping the company. The group has regained stability in 2008 and is proving to be resilient in the face of the turbulent global economic environment.” But isn’t slowdown a drag on the aircraft manufacturing giant? Well, here the man minces no words as he asserts, “2009 will be a very challenging year for our industry!” Indeed so, the demand side of the market has wilted temporarily, with IATA (Report titled: lengthy recession is now main challenge) forecasting an air passenger traffic contraction of 3.6%, a cargo contraction of 5%, and a revenue fall of 6% in 2009 as compared to 2008. And worst, the industry is predicted to burn another mighty $2.5 billion in losses for 2009!

The giant today is finding itself in the thick of the turmoil in the sector, with many aviators finding it tough to finance their purchase of an aircraft priced anywhere between $65-500 million. And order backlogs? They stink! “At the end of 2008, Airbus had 3715 aircrafts backlog,” states Craig Fraser, Analyst, Fitch Ratings. Yes, efforts like a tie-ups with the French Coface or German Hermes to finance upto 50% of aircraft value for its clients are on... but to what extent can it clear the huge backlog (not adding the new orders received in 2009 standing at 777 aircraft orders, valued at a mighty $100 billion at list prices) remains questionable... For now though, gallop-on, Gallois; as far as you can ride (fly?).
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IIPM Editorial, 2009


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

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Wednesday, March 10, 2010

Believe it or not, the world will witness the resurgence of a new era of racism than the end of it...

In another case, though Obama succeeded to replace the CIA’s director by the former Chief of Staff, Leon Panetta, he had to face huge criticism from press, polity and public. Adding salt to the woes, the relation between the President and New York Police Department (NYPD) is exemplified by the recent cartoon controversy in New York Post. In it, two NYPD policemen were shown shooting a chimpanzee with a caption that read, ‘they’ll have to find someone else to write the next stimulus bill.’This agitated Black civil rights activists. These issues raised questions over the extent of control Obama has on the intelligence and security establishments of US. One has to remember that US is nothing much without its key intelligence agencies and the world’s most sophisticated armed forces. Amidst all these, the arrest of two Tennessee guys- Daniel Cowart and Paul Schlesselmen who were planning to kill 102 African-American children and then assassinate Obama vindicates the resurgence of white racists and reminds the assassination of another American President John F. Kennedy. It’s better to hope less than to expect that Obama can completely end racism. He can at best abolish it from English language. If he does, it would just be the word and not its essence that would be wiped from earth and especially from the US. Poor Obama.
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IIPM Editorial, 2009


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

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Monday, March 08, 2010

“No schemes! No gimmicks!!”

LG finally had it right the third time in india. now it is decisively upping the stakes

B&E: What factors have worked for you in India?


VT: We have been in the Indian market for 14 years now, and believe that our foresight and belief in the country and commitment to the telecom market, along with work with the government have helped grow the telecom industry. Nokia devices today straddle a comprehensive range of products at every price point for all segments. India is not only its second largest market globally, but is also one of the only three countries, where Nokia has an end-to-end presence, including a manufacturing unit, R&D centres and over 10,000 employees.

B&E: What strategy did you adopt in the initial days to help you penetrate the Indian market?

VT: Nokia had a holistic approach towards developing the market and growing its consumer base. Our strategy has hence been focused on investing before time, understanding different consumer needs, building a strong product portfolio that caters to all segments of the market and making our products and services relevant to the Indian market. We were the first to invest in setting up a robust distribution network, to understand the potential of having an effective after sales network. Today, our reach and scale is amongst the best in consumer durable industry, let alone handset industry. Nokia has 1,90,000 outlets and a retail point for every 20 sq. km and 800+ centers across 400+ cities.
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IIPM Editorial, 2009


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

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Saturday, March 06, 2010

Not necessarily in the same order of priority!

The last decade saw the growth of numerous green systems. But most of them, by the turn of the decade, did not find takers. The much touted hybrids are a key example. A conservative estimate shows that the sale of hybrid vehicles, after so many years of promotion, constitutes just about 2.9% of total automobile sales. Similarly, usage of vehicles using natural gas (called CNG in some countries) is largely confined to transit buses and a few other modes of public transport. Hydrogen fuelled vehicles, even today, remain limited due to lack of a proper fuel distribution network. Electric vehicles have not caught the customer’s fancy due to high battery costs and recharge issues. Even though auto giants are already working on prototype cars powered by fuel cells like Mitsubishi i-MiEV and Nissan Leaf, their time will be tested only when they’re introduced. And the lesser said about the concept of high-speed railways and green air transport systems, the better (even though the bio-fuel based Virgin Galactic airline does stand out in its promise of making the carbon cost of each flight come down to 60% of a conventional aircraft’s).

Strangely, a few initiatives to reduce emissions from current mass transport systems have worked better than the ‘green’ lot, especially considering the fact that oil reserves – by recent estimates – are perhaps never going to get depleted in the near future (or even far, for that matter). In France, pollution-free nuclear electricity has helped trains reduce the carbon emission rate. Researchers are en route to developing more efficient and effective catalytic converters that would further break down the toxicity of vehicle emissions. Auto manufacturers are even focussed on bettering mileages on automobiles with every passing year. For example, as per US Department of Energy data, while the Toyota Landcruiser gave 12 miles per gallon (mpg) on the highway in 1985, the 2010 model gives 18 mpg. The Camary is better, giving close to 35 mpg in 2010!

It’s evident that rather than attempting to invest magnanimously in green spheres that have very less or almost no guarantee of succeeding, there’s heavier credence for attempting to improve what can be done in a short time – the mpg example of Toyota being a totem pole. Can the world stand up to that?
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IIPM Editorial, 2009


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

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Friday, March 05, 2010

When Kat ran

When Katrina Kaif does a movie with Ranbir Kapoor, there are rumours. When she doesn’t do a movie with him, the rumours are still there! Well, the latest one being that Katrina is avoiding Ranbir as she walked out of Imtiaz Ali’s film which also starred Ranbir Kapoor. However, the boring truth is that she had no dates for Imtiaz’s film due to her prior commitments for Zoya Akhtar’s next, which stars Hrithik Roshan. Well, hope Kat is able to maintain her ignore-it-all stance!

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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
Don't trust the Indian Media!

Thursday, March 04, 2010

Indore invocation

As Gadkari hummed a ‘youth first’ tune and Advani alluded to the party’s fourth generation leaders, the BJP chanted a new political mantra at its national convention, reports Anil Pandey

The Bharatiya Janata Party (BJP) has changed, and how! The first national convention of the party took place in Mumbai in 1980 and 50,000 workers attended it, living in tents for the event. The then party president Atal Bihari Vajpayee addressed the inaugural convention, clad in his trademark dhoti-kurta ensemble.

Thirty years on, the symbolic simplicity of the tents and the ethnic attire of its tallest leader remain relevant. At the party’s three-day meet in Indore, the tents were up again, but the latter gave way to a flashier sartorial statement.

This year, too, there were tents, but the party’s national president came dressed in a pair of trousers and a shirt to deliver a Power Point presentation to a party that is struggling for survival. Also, among the largely ageing audience sat a few workers with goggles perched on their selves to go with colourful shirts, providing perhaps a subtle indication of where the party is headed.

Be it the party’s 30-year-old, progressive thinking MLA from Maharashtra Jaikumar Rawal or the equally forward-looking Delhi BJP secretary Virendra Sachdev, these scattered faces, looking as modern in their attire as they are known to be in their thought processes, bore testimony to the fact that a party wedded to tradition and the old order was willing to embrace change.

The process of change, of course, is neither easy nor natural. After the party’s drubbing in the 2009 Lok Sabha elections the BJP appears to have realised rather well that in order to strengthen its future prospects in the electoral arena, the young will have to be included in its ranks and be given more power.
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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
Don't trust the Indian Media!

Wednesday, March 03, 2010

‘saving taxes’

Another interesting and credible strategy resorted to by the fund houses during the season is that they try to attract investors by declaring dividend on existing schemes. This year too the process has started with UTI Mutual Fund declaring a dividend of 15 per cent on its tax-saving plan, Bharti AXA Tax Advantage Fund paying 30 per cent, ICICI Prudential Tax Plan announcing 40 per cent, and JP Morgan Tax Advantage Fund declaring 15 per cent. This strategy in particular, is quite effective for AMCs, believe notable experts like Dhirendra Kumar, CEO, Value Research, as the dividend payments made right before the last quarter of a financial year reduce investors’ burden by a good margin, which would mean a lot to the investor and quite matches the marketer’s point of view.

But then, the strategy of luring customers at the last moment comes with a problem that surfaces due to a sudden rush. The biggest trouble that hits the investors at this very moment is the fact that most of the time, agents making the sales pitch only convey the fact that by investing in a particular instrument, the investor will qualify for a deduction under section 80(C). At best, they tell the investor a few more details like past performance and expected returns. But many a time, neither do they reveal the complete details of the product, nor does the investor feel the need to ask, which he expectably would have done otherwise if he had purchased the instrument some other time. As a result, investors land up investing in instruments that charge them relatively higher. According to an agent of Birla Sunlife Insurance, “Most of the clients we meet during the last quarter seem eager to park their money in some tax-saving instrument. They really don’t bother as to where their money is actually going in (relatively speaking), what are the charges and how much does it suit to their requirements. Their only parameter is whether this investment qualifies under Section 80(C) or not! This is the reason because of which certain agents simply suggest those schemes to the investor, which would entail the agent earning a better commission. This ultimately means higher charges for the investor.” Clearly, all this is pure conjecture when seen in a general context. With as many as 40 mutual fund schemes and numerous insurance schemes available in the country at present, there is no doubt the competition is bound to intensify in the last quarter when investors open up their wallets. But does it mean that the people genuinely interested in tax planning should suffer for those who opt for dumping?

Certainly not, but in reality, it happens. After exhausting a bigger portion of their spending budget, service providers in a way reduce their activities in the succeeding quarters. The same marketers who were focussed on providing the customers with their best schemes suddenly disappear and the ball falls in the investors’ court to chase the agents. The same is the case with Ruchika, a working woman, who in the month of May wanted to make her investments in a planned manner with smaller amounts spread throughout the year, rather than in one go at the end. “But I couldn’t get guidance that was satisfactory. Finally, I just called up one AMC and parked all my money with their best scheme,” says Ruchika.

There are thousands like Ruchika, who are waiting for someone to actually guide and help them the understanding the benefits of tax planning. But however hard this might sound to the “consumers’ beware” coterie, it’s perhaps not the responsibility of fund houses or insurance firms to educate the consumer – but of the regulatory authorities, which have failed so far to ensure a unified message across platforms focussed on tax saving.
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 :-



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