Friday, April 30, 2010

Overpowered by a group of Maoists and abducted.

Bardhan and his family reside in a single-storey building in Gadakana area of Bhubaneswar. It has neither a boundary wall nor a proper approach road. The entrance has no door bell. So we knock on the grille. The family’s pet dog Blackie barks in response. Jayakrishna is soon at the door to usher us in.

His elder son, Ajit Bardhan, was an Orissa police sub-inspector posted in the Maoist-infested Sundargarh district. While on patrol duty, Ajit was overpowered by a group of Maoists and abducted. The very next morning – the date was July 16, 2009 – his body was found near Jharbeda. Darkness descended on the slain cop's family. Unable to withstand the shock, Jayakrishna suffered a heart attack. Ajit’s widow, Rosalin, who was expecting her first baby on August 7, experienced acute labour pain even as arrangements were being made to take her husband’s body to Puri.

The Orissa chief minister, Mr. Naveen Patnaik, came down to Ajit’s residence to express his condolences to the bereaved family. When he learnt about the condition of the cop’s father and widow, he immediately instructed senior officers to make all arrangements for them.

But nothing moved after that. Say Jayakrishna, “I am still wandering from one office to another for the release of my son’s provident fund amount and family pension. They haven’t even paid a small amount of Rs.17000, which I spent on my treatment after the heart attack. The CM had declared the government would bear all the expenditure. I have been to the Rourkela SP’s Office and the IG Operation’s office on several occasions but nothing has been done. It is humiliating. It is as if they are going to do us a favour. Did my son lay down his life in vain?” Ajit Bardhan, in a letter to his wife Rosalin, had once written that it would be the happiest moment of his life if he were to die serving the nation. If only he knew what would be in store for his family after his death, he might have changed his view. Rosalin, who recently got a police job under the rehabilitation scheme, is still waiting to get her other dues. She says, “My father-in-law has taken much pain to get my husband’s legitimate dues and I couldn’t help him because of my job and daughter Arushi.” Arushi is only eight months old.

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 :-

Wednesday, April 28, 2010

Dowry Act - A weapon of harassment

Crucial amendments should be brought to IPC Section 498A to prevent misuse of law

Uma Challa

President, All India Forgotten Women’s Association

It is an established fact that IPC Section 498A is the most heavily misused law in the country. Several authorities have noted that in close to 98 per cent of cases filed under IPC 498A, the accusations are false and that the complaints were only filed with ulterior motives. It is predominantly a tool of blackmail and extortion in the hands of vindictive wives to legally harass husbands and their families.

Women who suppress vital personal information before marriage, women who are forced into marriages due to family pressures, women who have pre-marital or extra-marital relationships, women who are unable to adjust with the husband’s family, women who dislike living with in-laws are getting into the habit of exaggerating every marital discord as ‘harassment and abuse’, threatening the husband and his family, getting them arrested and imprisoned under false allegations of cruelty and dowry harassment, making them run around courts for years, and subjecting them to various hardships by misusing IPC Section 498A.

Several authorities have noted the widespread misuse of this law.

• The Supreme Court of India termed the misuse of IPC Section 498A as “Legal Terrorism”.

• The World Health Organisation, in its report on India clearly cited Section 498A as one of the major reasons for the “Increasing Abuse of the Elderly in India”.

• News agencies have also reported many cases where individuals have ended their lives unable to endure the humiliation of being arrested and the trauma of fighting false cases, which typically span 5-7 years.

• The National Human Rights Commission noted that the Tihar jail is overflowing with people falsely accused under dowry cases.

Noted women’s rights activist Madhu Kishwar acknowledged that IPC Section 498A is heavily misused and that a significant proportion of individuals who approach “Manushi” these days are mothers-in-law and husbands who are falsely accused of marital cruelty and dowry harassment. Renowned IPS officer Kiran Bedi admitted that many poor and illiterate mothers-in-law and sisters-in-law, who are falsely charged under anti-dowry laws languish in prison every year.

A look at the National Crime Records data shows that every year, over 1 lakh innocent persons (one innocent person every 5 minutes) are arrested under the act. Every year, close to 30,000 innocent women (one innocent woman every 20 minutes) and 4,000 innocent senior citizens (one innocent elderly person every 2.5 hours) are arrested. Every year close to 350 children (one child per day) are arrested under the same act. Numerous families have been broken and are suffering immeasurable economic hardship and emotional trauma. In addition to penalising innocent citizens, a large backlog of false cases pending in courts prevents genuine victims of abuse from obtaining justice. The country has already incurred a huge social cost in addition to the enormous burden imposed on the public exchequer. There is a need to make legal amendments:

1. Ban Police involvement in marital counseling and pass directives to resolve all marital disputes under civil law. Marriage is a civil matter and should be treated as such. Marital issues should be dealt with utmost caution so that harmony is restored between disputing spouses.

2. Make civil and criminal laws applicable to men and women equally. Spousal abuse is not gender-specific, and the assumption that victims of physical, verbal, emotional, sexual, and financial abuse are always women is wrong. According the Universal Declaration of Human Rights, “all are equal before the law, and are entitled without any discrimination to equal protection of the law”. Hence, IPC Section 498A should confer equal protection upon men and women.

3. Make Section 498A of IPC bailable. This goes against the Universal Declaration of Human Rights which states that “everyone charged with a penal offence has the right to be presumed innocent until proved guilty according to law”.

4. Make Section 498A of IPC non-cognizable. Innocent citizens are being arrested everyday based on mere complaints without requiring evidence or investigation. Even children and senior citizens are not being spared. IPC Section 498A, being a cognizable offence, violates a citizen’s right to due process.

5. Punish those who misuse IPC Section 498A. Misuse of the process of law not only costs the public exchequer dearly but also destroys the personal lives of many innocent citizens. Abuse of the judicial process should be treated as a serious crime, and persons who misuse IPC Section 498A as a weapon for settling personal scores in marital disputes should be severely punished.
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 :-

Monday, April 26, 2010

Nomination controversy

V.S. inducts CPM leader with criminal case into KPSC

The V.S. Achuthanandan government in Kerala is in the spot over the nomination of K.A. Manuel, a former employee of Accountant General’s Office and a CPM leader against whom a criminal case is pending, as a member of Kerala Public Service Commission.

The controversy regarding his appointment that had triggered a heated debate in the state two months ago has once again surfaced. Manuel was dismissed from the service for organising a CPM-backed strike against Accountant General. Besides, he was also accused of manhandling a member of the staff in the AG’s office.

This time Governor R.S. Gavai has expressed doubts about the selection procedure. After receiving complaints from Higher Education Protection Council and some Congress leaders, the governor has sought clarification from the government over Manuel’s nomination. He specifically asked the details of the criminal cases filed against Manuel. After receiving the letter from governor’s office the government asked the AG’s office to produce the details about cases against Manuel. The AG’s office has produced all the detail about the case against its former employee including the criminal case. But it seems that the government and the CPM don’t have any doubt on Manuel’s appointment. Chief Minister Achuthanandan has justified his appointment.

In his reply to the missive, the Chief Minister clearly repeats the recommendation, ignoring the details received from the AG’s office. The letter mentions that as Manuel has approached the Central Administrative Tribunal against his dismissal, there is nothing wrong in nominating him. Besides, the government has also expressed its willingness to drop Manuel from the KPSC board if the Tribunal’s judgment goes against him. What about the criminal case filed against him? It seems that the Left government has overlooked that paragraph in Governor’s letter. The Chief Minister has anyhow managed to evade the main issue.
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 :-

Friday, April 23, 2010

Monetary compensation for emotional trouble

Panduran Kutty is one of the lucky persons who was acquitted by the court. He says, “When I see hapless husbands being humiliated and trampled in the courts and in the police stations, I feel it is a crime to be a husband in this country.” So far he has counselled more than 1000 persons suffering from the same trauma. He says, “Do not expect this system to be logical and reasonable. If you think you have tons of evidences and the judge will hear you, you are imagining things.”

A senior advocate, on the condition of anonymity, tells TSI, “These laws were made to protect real women facing ill-treatment and torture. But this has become a tool for extortion for upwardly mobile women, specially in the elite class. Average settlement of Rs 50-60 lakh is commonplace. And nobody is spared. I have cases of IAS, IPS officers, corporate managers and executives, commissioners. These laws were made for protection of Sitas but being potently misused by Surpnakhas.”

Sandeep Bhartiya, President of Gender Human Rights Society, has another take on the law, “Seventy-first Law Commission Report 1978 strongly recommended that irretrievable breakdown of marriage should be made a ground for divorce. Supreme Court reiterated the need for inclusion of irretrievable breakdown of marriage as a ground for divorce.” Mahesh Tiwary says, “There has been an alarming rise in the number of divorce cases being filed in the courts these days.”

The present law proposal of Sexual Harassment at Workplace Act, 2005, talks of paying monetary compensation for emotional, mental trouble caused due to sexual harassment at office or workplace. What is more alarming is that the draft law does not put any time limit for filing the case.

Monetary compensation for emotional trouble will lead to a floodgate of false complaints opening just like we see in case of matrimonial disputes.
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 :-

Monday, April 19, 2010

Ford’s F-series had been the number one selling brand in the US

The sales figures wouldn’t paint the same picture for revenue was actually $118.3 billion, a decline of 14% from 2008 figures. Shareholders are giving a thumbs up to the company too. From a situation where the Ford share, at $1.7, was competing with dollar store merchandise in early 2009, the stock was at $13.40 on March 16, 2010. Salaried employees aren’t exactly in the festive mood yet, since Ford decided not to pay bonuses for 2009 performance to them. But the company has decided to share profits with 430,000 hourly wage employees as was decided in the 2007 UAW-Ford Collective Bargaining Agreement.

The man at the centre of it all is Alan Mulally, now being elevated on the pedestal of the new turnaround man in the auto industry after Nissan-Renault CEO Carlo Ghosn. John Hinrichs, Group Vice President, Ford Motor Company, states, “The ‘One Ford’ strategy has been a strong pillar in the turnaround of the company and is the lesson that we have learned in the downturn. We will be developing more vehicles under the ‘One Ford’ strategy which will be available in almost all the markets that we operate in. It was after Alan formulated the One Ford we came up with a different strategy to compete with the other small cars.” The strategy has been immensely successful in making Ford lean, mean and more focused.

Step by step, Mulally meticulously planned the divestment of brands like JLR and Aston Martin; even Volvo is now set to be sold off to Geely. On the other hand, he felt that Taurus as a brand needed to be revived. Ford took up a massive debt under Mulally of around $23.6 billion and the company made several changes to the line up, including a greater focus on hybrids (the ford Fusion hybrid was introduced). It was a high risk game, since the company had to give heavy collateral for that loan. Under the ‘One Ford’ strategy, he initiated an organization wide restructuring exercise to better streamline global operations. The entire team has now got a single minded focus of building the Ford brand globally. Also, under the new plan, products will be built on platform and the company would launch them anywhere across the globe; like the European Ford Fiesta was taken to the US market and the Figo will be exported from India to South Africa. A matched pair system was set up so that the purchase team could work with the design and engineering team to avoid duplication and wastage in sourcing. Nigel E. Wark, Executive Director – Marketing & Sales, Ford India, tells B&E, “There is no denying that it was the effort of the whole team but the leadership at the top makes a lot of difference... Undoubtedly, he (Mulally) has been successfully able to steer the company out of its problems.” Apart from the US market, the company is also setting itself on track in Europe and Asia, as they expect that 1/3rd of sales will be coming from each of these markets in the next few years.
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 :-

Friday, April 16, 2010

Hge mass base across the state

An analysis of the political situation in post-2011 Assembly polls in West Bengal will reveal that such an arrangement might be good for the state. The state has been caught in a spiral of political violence with all parties including the Maoists having a blood feast. In that light, Mamata assuming chief ministry can lead to unprecedented violence on part of the CPI(M), which will no doubt spark off unforeseen counter-violence by Trinamool activists and the state administration. Pranab Mukherjee scores handsomely here as he has personal equations with most prominent CPI(M) leaders and can tackle the situation more tactfully.

Mamata and her party’s position on the Maoists have been pretty ambiguous from the start. She has always made amply clear that she does not see eye-to-eye with Union home minister P. Chidambaram’s assessment of the Maoist situation and his counter measures. Mukherjee will have greater synergy with the Central view. But this logic gets grounded on the premise that a power-sharing alliance is more likely to be governed by common minimum programmes and agendas than by the personal opinions of the leaders of the dispensations.

The industrialist lobby of West Bengal as well as those who have invested in the state will heave a sigh of relief if Mukherjee assumes power at Writers’ Building. Mamata, in her capacity as railway minister, may have tried to overhaul her image as a pro-development politician but the memories of Singur and Nandigram are still afresh in people’s minds.

Political observers also believe that the astute and experienced Pranab Mukherjee will be better placed to deal with the Gorkha Janamukti Morcha about the situation arising in the Darjeeling Hills in the north of the state.

Of course, sharing power for stipulated periods of time is a bit like playing spin on a tricky wicket. Past experiences of Uttar Pradesh and Jammu and Kashmir say that fissures between the partners only get enlarged in such experiments. Pranab Mukherjee’s reputation as a troubleshooter will have to play its part in any such eventuality. Mukherjee will likely play an important part in national politics even if he assumes responsibility of his home state. So that way, he will wield power both at the state and the Central levels. It remains to be seen if Sonia Gandhi and the Congress high command will be comfortable with that.

But the odds against Pranab Mukherjee are also huge as Mamata Banerjee enjoys a huge mass base across the state which Mukherjee or for that matter, no other Congressman, can claim to rival. If the Railway Budget was any indicator, Mamata is dogged on winning Bengal. And being the bigger partner of the alliance, she just might have the final word.
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 :-

Tuesday, April 13, 2010

It has been routinely predicted that salvation will be found in tech- advancement

South Korea is ranked first in the world in the Digital Opportunity Index, and first among major economies in the Global Innovation Index; likewise, Taiwan, Hong Kong and many other emerging economies are on a tech-spree to boost their economy. Malaysia is promoting its Multimedia Super Corridor topped up with tax perks and lenient censorship policies since long; Vietnam is all set to develop a local “knowledge economy”, while Myanmar is concentrating on connecting all its key industries on a single IT platform.

There have been amusing fallouts of tech-advancements too. Way back in the 1980s, the generally ‘walled’ East German government allowed access of West German television programmes to its citizens as their studies showed that East Germans who watched West German television were more satisfied with life in the communist regime.

In the last few years, Twitter, Facebook, search engines and similar media are playing a huge role in political and administrative mobilization and apparently hold the strength to raise the hackles of ‘the powers that be’; but these and similar sites also clearly traverse controversial waters as not only do they openly host porn gateways, but also despicably allow slanderous, libellous and defamatory content almost without restrictions in the garb of ‘free speech’. In the same breath, thanks to social networking, Iran’s Green Movement has found its space into numerous contending debate forums. Extending this thought to even nationalism and extremism, Hezbollah and Islamist extremists (and other fundamentalists) are very active online.

All in all, this whole wave of multi-level technology orientation towards building the “biggest, fastest, tallest and mightiest” innovation somehow never talks about how many billions, who currently defecate in the open, will get a self respecting place to stay in. Obama too seems to be playing to the rote. Even though he announced in early 2010 that he planned to eliminate funding for NASA’s manned moon missions, he increased NASA funding by $5.9 billion annually. For $5.9 billion, we estimate Obama could have built 30 million toilets in India’s most underdeveloped regions, catering to 600 million destitute Indians. Imagine how amazing a gesture of goodwill that move could have been!
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 :-

Monday, April 12, 2010

Pocket-friendly homes?

The twin cities of Bhopal & Indore are the emerging hot spots for the local real estate developers, By raju kumar

Demographic and economic fundamentals continue to favour smaller residential markets in India. No wonder, the financial tsunami and the resultant slowdown that struck the the real estate sector in particular did not have an adverse impact on the real estate market in Madhya Pradesh. These days the twin cities of Bhopal & Indore are the darlings of the real estate players. But there are some stark differences between the two cities. While Indore is a city for the business class, Bhopal is known for its salaried class. Where on one hand, Indore is expanding at a stupendous rate (both horizontally & vertically), Bhopal’s realty growth is restricted within the boundaries of the city, thereby leaving scope for a lot of growth. And that’s why developers are more optimistic about this capital city. Even though the average cost of an independent house in Bhopal is around Rs.3 million, however keeping in mind the growing requirements of big industrialists, politicians & professionals, bungalows in the range of Rs.8 million to one crore are also being developed, which is less compared to the prices in big cities.

“Independent houses & flats cost less in Bhopal, as land rates are less compared to the big cities. Here mostly people buy homes for the purpose of living rather than for investment and this creates a pressure on us to build houses within the financial capacity of the consumer,” says Dharampal Singh, Director, Indus Builders. Dilip Suryavanshi, Chairman, MP Builders Association asserts, “The market here has been built on realities and that’s why the market did not face any negative impact of the slowdown.” Last year in comparison to the big cities the business was booming in Bhopal & Indore and in the times to come the real estate business in the two cities is expected to flourish. States Kishore Biyani, Director, Finance, Ackruti Builders, “Developers charge high prices in big cities by creating artificial scarcity. We develop projects keeping in mind the requirements of 80% of customers.”

Vijay Gandhi, Director, Kalindi Group, says, “Those who bought property from the investment point of view are out of market these days. There are more of real occupants who are willing to buy independent houses within the price range of Rs.2-2.5 million.” States Kulbhushan Mittal, CMD, Gyansheel Developers, “We launched low range flats. This fulfilled the dreams of a lot of mid-income segment people of owning their own houses.”

As there is vast abundance of land available in and around Bhopal & Indore, the markets in the two cities are growing keeping in mind the ground realities and as a result in the years to come the real estate market here will remain more or less stable. Even the state government believes that real estate sector is an area where there is a scope of a lot of investment opportunities. Many builders have already bought land from villagers that are adjacent to the big cities and are waiting with bated breath for the expansion of the city, so that they can leverage on their investments.

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!

Friday, April 09, 2010

Wild pradesh

Central India's largest state is home to 300 tigers and presents a mixed platter of flora & fauna, history, tribal life & culture

Satpura ke Ghane jungle, Neend mein doobe hue se, Unghte anmane Jungle… These lines by the great Hindi poet Nagarjun gives a sneak peek into Madhya Pradesh’s natural beauty, tribal life, folk culture, flora and fauna, etc. Nature has been really generous to this state, often known as the Heart of India, when it comes to beauty. The state also boasts of close to 300 tigers in its various sanctuaries and is aptly called the ‘Tiger State’ of the country. When we look for a conjunction of solitude, spiritualism, nature, flora & fauna and a vibrant folk tradition at one place, our search stops at Madhya Pradesh.

Pachmarhi, Bandhavgarh, Kanha are some of the hot summer destinations in the state. In the last few years, the number of foreign tourists visiting these places has grown manifold. Talking to TSI, state tourism minister Tukoji Rao Panwar told TSI, “The infrastructure of these places have been developed keeping in view the inflow of foreign tourists. Our ultimate motive is to make these tourists comfortable.”

While Pachmarhi is known as the “Queen of Satpura”, Bandhavgarh is famous for its abode of tigers. Not to be left behind, Kanha has the distinction of being the place where Rudyard Kipling conceived and wrote the famous "Jungle Book". Talking to TSI, Dhruv Narayan Singh, Madhya Pradesh Tourism Corporation chairman, said, “The state is rich in flora and fauna and it leaves a lasting impression on anybody visiting it.”

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!

Thursday, April 08, 2010

Southern wilderness

If you are not hypnotised by this marvel of nature, something is wrong with your eyes, sense and sensibility

With an unspoilt and serene nature to bank on, Wayanad has turned itself into a popular tourist hub. The hill stations on the Western Ghats of Kerala with their exotic vegetation and vibrant wildlife attract every romantic who is fed up with the boredom and monotony of the day-to-day city life.

Attappady, Idukki, Pakshipathalam, Peerumedu, Silent Valley, Vagamon, Devikulam, Nelliyampathy, Ponmudy....the list of hill stations never ends. The aroma of exotic spices, amazing greeneries, glittering rivers, great ups and downs of topography, thrill of an adventurous drive through the mysterious hair-pin curves....are all a tightly packed combo which guarantees relaxation, peace and trance.

Come to Wayanad and you need not read Wordsworth's lyrics on nature. This entire northern district of Kerala is a full-fledged hill station. Located at an altitude of 700-2100 meters above sea level, Wayanad stands on the southern top of the Deccan Plateau. Kalppetta, Sulthan Batheri and Mananthaavadi towns provide the residential and travelling infrastructure for tourists.

This land was ruled by the renowned Keralavarma Pazhassi Raja among many others. The British took over the reins of Wayanad in the 19th . The wars Pazhassi waged against British with Kurichiya tribals are etched in golden letters in the annals of the freedom struggle. The tomb of Pazhassi Raja, better renowned as the lion of Kerala, is situated in Mananthavady, Wayanad.

Wayanad gives a traveller a unique mix - wildlife, trekking, historical places, pre-historic art and a peek into tribal life. The Wayanad Wild Life Sanctuary at Muthanga is a 344-sq-km abode of elephants, tigers, monkeys, spotted deer, panthers, sloth bears, sambhar, reptiles, bison, jungle cats, civet cats, gaur, wild dogs, wild pigs and other species. Rich in bio-diversity, this sanctuary is an integral part of the Nilgiri Biosphere Reserve. The ideal time to visit is from June to October.

It is a treat to watch vast acres of rich plantations of coffee, tea, cardamom, pepper and vanilla. A 14-km-long mountain pass which is known as Thamarassery Churam (Thamarassery Pass) is the welcoming gate of Waynad. It connects Wayanad with the neighbouring district of Kozhikode. The innumerable hairpin bends add to the spirit of adventure and give superb chances to get a bird’s eye view of Wayanad. Lying atop the pass is Lakkidi hill station. From there, one can get a panoramic vision of the valley.

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!

Wednesday, April 07, 2010

The tea plantation district of Nuwara Eliya is a must visit for everyone. A few hours' taxi drive will take you to this serene tea plantation district away from the hustle bustle and sticky heat of the coast. Nestled amidst the central mountain range on an average altitude of more than 6000 feet, Nuwara Eliya, Sinhalese for “City of Light”, is the most loved hill station in the country. The place also offers a pristine view of Mt. Piduratalagala, the highest peak of the island nation. The town has a distinct British feel unlike other cities in Sri Lanka that look more Dutch and Portuguese.

However, no discussion of Nuwara Eliya can be complete without mentioning the orthodox tea that this place produces. Developed in a constant average temperature of 9-11°C, these tea leaves are plucked at a precise time of the day and in a precise season. It is not for nothing that Nuwara Eliya tea is rated among the best in the world. One can buy as much as 10 kg of duty-free tea.

But the town Sri Lankans are most proud off, and justifiably so, is Galle. Situated merely 120 km south of the capital city, this costal town was established in the mid-16th century by Portuguese traders. It is one of the finest examples of a fortified city developed by maritime European powers in this part of the world. For the record, Galle is also a World Heritage City. The laidback attitude of the town suits the tourists who come from thousands of miles away to relax here. Its numerous European cuisine restaurants, cafes and fast-food joints are a gastronomical delight. Built in 1663, the Dutch Fort has painstakingly preserved the ambience and lure of a bygone era. It is not surprising that hundreds of poets, painters and other artists from all over the globe have made this town their permanent home. Hundreds of Dutch-era buildings are still intact inside the fort which can be enjoyed best by either strolling around or by hiring a bicycle.

The more culture conscious can take a taxi to Kandy, the cultural and heritage capital of Sri Lanka. Kandy was for centuries the seat of the Sinhalese kings, who endorsed and cosseted the indigenous culture until the city fell to the British in 1815. The city has numerous relics and monuments from the glorious period of Sri Lankan history. The city’s major attraction is Kandy Perahara-a huge cultural pageant that takes place during the monsoons. The Temple of Tooth, Gadaladeniya Temple, Peradeniya Gardens, Embekke Temples and Lankatilaka Temple are some of the major attractions here.

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!

Tuesday, April 06, 2010

The minority measure mystery

Onkareshwar Pandey finds the Rangnath Commission’s rejection of linguistic minorities illogical and absurd

The issue of reservation for minorities, especially Muslims, has created an uproar after the recent observation of the Supreme Court on Muslim reservation in Andhra Pradesh. Things have been turbulent ever since the Rangnath Mishra Commission submitted its report in May, 2007. In this melee, while the issue of religious minorities has come to gather spotlight, the issue of the linguistic minorities has been completely sidelined. The fact is even the Justice Rangnath Mishra panel had grossly ignored the issue of linguistic minorities in its report by saying, “In our opinion the concept of ‘backwardness’ is to be confined in its application to religious minorities as it has no relevance for the linguistic minorities.”

The commission is of the view that “The latter may be facing some other problems like discrimination and denial of constitutional rights in practice but no linguistic group may be regarded as backward by itself.” Asha Das, member secretary of the Commission, defends this view while talking to TSI. She said, “The term linguistic minority can determine the backwardness of a language and not backwardness of its people.” Therefore it further says, “We are not recommending any criterion for identifying ‘socially and economically backward classes’ among the linguistic minorities.”

“This is ridiculous,” says Uday Sinha, a senior journalist, who was in a panel of speakers in a seminar recently held in Delhi to discuss the commission’s report. “The development of any community is directly linked to the language. The reason of backwardness is linguistic and not religious. Religion does not define the economic status of the community,” he said. If a person is familiar with a developed language, he is exposed to the best education which is available in our country. An English-speaking person will have more opportunities than a person who is speaking Bhojpuri or Braj Bhasha, Mundari or Oraon. The literature and the technological education are imported only in English and not in other languages. Why to speak of Mundari or Bhojpuri, the same can be seen even with a person who knows only Hindi and does not know English.

“The Rangnath Mishra Commission forgot its limitations in its move to give blind support to provide reservations to religious minorities. This is unfortunate,” commented Prakash Javdekar, spokesperson, BJP, while talking to TSI on the issue. .

“This is absolutely wrong and far away from the ground realities,” says Neeraj Shekhar, MP from Baliya,UP. “The commission should have taken a view that the linguistic minorities are much more important to ascertain backwardness than the religious minorities as they comprise all religions, castes and creeds. For example, the Bhojpuri-speaking community of UP and Bihar are the most backward. This is why they are compelled to migrate to the various metro cities in search of jobs and livelihoods,” Neeraj added. “The Rangnath Commission’s report is not the Bible, Quran or Geeta which can be accepted as it is. The report is incomplete and needs to be reconsidered and discussed,” said Sanjay Nirupam, Congress MP from Mumbai.

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!

Monday, April 05, 2010

“Food Processing sector suffers from a vicious cycle...”

The sector has seen transformation, but major changes are required in the long run

Food processing units are financed on a project-by-project basis mostly by the commercial banks and at times, co-financed by NABARD and a partner commercial bank and in certain cases on a consortium basis. While appraising these projects a number of limiting factors come to the fore rendering financing difficult.

The food processing industry seems to suffer from a vicious cycle of high unit cost – low demand – low capacity utilisation – high unit cost. High cost and poor quality of farm produce, high cost of power, cold chain, storage, handling, transportation, packaging, etc. are also serious problems. Low technology and absence of product innovation due to poor linkage between research institutions and farmers and industry is another serious problem. Unorganised and fragmented marketing and distribution network, long and fragmented supply chain leading to more number of intermediaries and consequently poor share of farmers in consumer price is also a constraint. Preference for fresh food and eating at home often contribute to the price sensitivity in the domestic market. Above all, there is a consistent lack of skilled manpower.

In order to address these problems especially that of skill formation, NABARD has been promoting large number of grant-based Rural Entrepreneurship Development Programme, Cluster Development, Development of Women Through Area Programme (DEWTA), Assistance to Rural Women in Non-Farm Development (ARWIND), Micro Enterprise promotion by SHGs et al. NABARD has also been working in close liaison with the Ministry of Food Processing Industry and other concerned organisations.

The Hon’ble Finance Minister had announced in the Union Budget 2006-07 that food processing would be treated as a priority sector for bank credit. Accordingly, the following items within the food and agro based processing sector were made eligible for classification as priority sector for lending by banks. (i) Fruit and vegetable processing industry, (ii) Food grain milling industry, (iii) Dairy Products, (iv) Processing of poultry and eggs, meat products, (v) Fish processing, (vi) Bread, oilseeds, meals (edible), breakfast foods, biscuits, confectionery, (vii) Aerated water/soft drinks and other processed foods, (viii) Special packaging for food processing industries and (ix) Technical assistance and advice to food processing industries.

As per data provided by RBI, the credit flow to the food processing sector has been steadily increasing since the early 90s. The credit flow especially frog-leaped from Rs.9,872 in 2004 to Rs.24,025 in 2005 due to policy reforms and liberal financial assistance in the form of institutional credit and subsidy. Thus, the food processing sector registered a CAGR at 23.82% in nominal terms from early 1990s. By using GDP deflator, the real growth rate of the credit flow to the sector works out to 17.64% per annum. Likewise, the share of food processing sector in the gross bank credit has also been increasing steadily and stood at 5.10% in 2009.
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!

Saturday, April 03, 2010

The Indian economy needs to understand its hidden potential and use it for getting Islamic Funds

India must take lessons from Malaysia, which has used the Islamic Funds to the fullest of its advantage. Surprisingly, 70% of such funds have been used by non-Muslims in the country. The contribution of these funds has reached close to 16% of the total economy. Till now, $31 billion has been infused by the Islamic Finance Assets. And it is growing at the rate of 12-15 %.

However, there is a flicker of hope. The PM during his Saudi visit had given a lot of emphasis to Islamic Funds and that is important for India. Gulf countries are more liquidated than the other rich countries and this can be used by India to fund its own requirements. Power, Energy, Shipping and Port sectors can be the major beneficiaries of this funding.

But companies and the government must be very cautious before using them.Proper knowledge about the do’s and don’ts is necessary since they are designed with different principles altogether. Then, possibly, building bonds with sukuks (Islamic bonds), won’t be so difficult.

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!

Friday, April 02, 2010

Blood on the runway

You know you’re going wrong when fashion trends transform your wardrobe from being cool to terribly cruel...

Fashionistas were purring in delight when designers at the recently held New York Fashion Week made models strut down the ramp in animal furs that ranged from a dyed silver-fox on a coat, to a leather trench-coat with mink’s fur running down its back, to hoods and skirts with fur trimmings and even leggings made out of leather! Designer Michael Kors, who has faced the ire of animal rights activists earlier, got plenty of applause for his ‘quintessential American sportswear’, which spared not even sports apparel from using real fur. As fashion critics are doling out appreciation for the innovative creations that have made fur more wearable, it is apparent that from hoods to shoes to suits, which boast of fur will now be among the must-haves of the fashionable set. This is perhaps the point when we should remind ourselves of the PETA warning – “Fur on your back, blood on your hands.”

“Cave-people-like designers who still use fur are chasing headlines from the controversy. It does not take one ounce of creativity to rip the skin off of an animal’s back,” said Poorva Joshipura, Chief Functionary, PETA India. Describing the cruelty of this industry Poorva added, “Because fur farmers care only about preserving the quality of the fur, they use cheap slaughter methods that keep the pelts intact but which can result in extreme suffering for the animals. Small animals may be crammed into boxes and poisoned with hot, unfiltered engine exhaust from a truck. Engine exhaust is not always lethal, and some animals wake up while being skinned. Larger animals have clamps or a rod applied to their mouths while rods are inserted into their anuses, and they are painfully electrocuted. Gassing, decompression chambers, and neck-snapping are other common fur-farm slaughter methods. A video shows raccoon dogs in China – where most of the world’s fur comes from – being hit in the face with metal pipes, picked up and slammed hard on the ground, skinned alive and thrown in a bloody pile, still alive. One dog in the video lifts her skinned head and blinks her eyelashes at the camera as if to say, ‘why?’

In India, the leather industry plays an important role in the economy, and while leather leggings thankfully haven’t yet made their way to this side of the globe, wallets, belts, shoes etc, are made out of leather. While most Indians are proud of this industry’s growth, its methods of operating are shameful. “Cows, sheep and other animals are crammed into trucks in such high numbers on their way to slaughter that their bones snap, they get trampled, suffocate or die en route. At the slaughterhouse, all of these animals have their throats slit in full view of their companions,” reveals Poorva. While style icons like Madonna will continue to wear fur, other more responsible and compassionate celebrities like Michelle Obama and Charlize Theron are a better example for those eager to stay in step with fashion. And if you must have the fur, opt for faux fur, and so ensure that at least you have no blood on your hands.

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!