Showing posts with label Europe. Show all posts
Showing posts with label Europe. Show all posts

Thursday, November 22, 2012

Dearest to fight the bulge and stay healthy

It’s time to stop blaming one’s work schedule for those increasing waistlines, and join hands with your nearest and dearest to fight the bulge and stay healthy.

There can be plenty of imaginative ways of working out together, and the truth is that we do them all the time. Except if we’re more conscious about them, we’re more likely to do them more frequently and with more interest. One could plan biking together or just put on some great music and dance with each other! And might we add, family workouts surely are a better way of bonding than over a lavish dinner at a crowded hot-spot of the city!

Adventure in your dna?

Adrenaline rush is no more the privilege of film stars and stunt men alone, rather it is a growing phenomenon in the lives of many a common man. People these days are looking out for action-packed vacations that are by far even more hectic than a regular day at work! “The trend is definitely towards outdoor vacations and active holidays compared to the four-walled five-star getaways. More and more families prefer outdoor camps while couples prefer long expeditions or treks together. Needless to say that lone individuals also seeking some action are present in each kind of group,” says Vaibhav of Aquaterra Adventures. Started in the year 1995, Aquaterra made it to the National Geographic’s list of world’s best adventure travel outfitters in the year 2007. It is the growing popularity of India, land of the mighty Himalayas and very many lofty rivers that a lot of people from the USA, UK and Europe plan their adventure getaways here. While most of the Indian population is “inclined towards river trips due to their proximity to the rivers, especially in northern India,” there are those who go for impromptu vacations for diverse activities.


Source : IIPM Editorial, 2012.

For More IIPM Info, Visit below mentioned IIPM articles.
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Thursday, October 25, 2012

Where India stands today and what needs to be done?

C. Rangarajan, ex- RBI governor and member Rajya Sabha, speaks on where India stands today and what needs to be done

evolution of the crisis

The international financial crisis originated in the sub-prime mortgage crisis which surfaced nearly two years ago in the US With interest rates rising and home prices falling, there was a sharp jump in defaults and foreclosures. However, this would have remained as a purely mortgage market crisis but for the fact that these sub-prime mortgages were securitised and packaged into products that were rated as investment grade. Once doubts about these assets arose, they turned illiquid; it also became very hard to price them. As a result, it started affecting a host of institutions which had invested in these products. These institutions were not confined to US alone. Financial institutions in Europe and to a much lesser extent in East Asia had such assets on their books. With the failure of a few leading institutions and most notably Lehman Brothers, the entire financial system was enveloped into an acute crisis. There was mutual distrust among the financial institutions which led to freezing up of several markets including the overnight inter-bank market. Many think today that letting the Lehman Brothers to fail was a great mistake. The crisis in the financial system has now moved to affect the real sector in a significant way.



regulatory failure

What stands out glaringly in the current episode is the regulatory failure which was twofold. First, some parts of the financial system were either loosely regulated or were not regulated at all, a factor which led to “regulatory arbitrage” with funds moving more towards the unregulated segments. The second failure lies in the imperfect understanding of the implications of various derivative products. In one sense, derivative products are a natural corollary of financial development. They meet a felt need.

However, if the derivative products become too complex to discern where the risk lies, they become a major source of concern. Rating agencies in the present episode were irresponsible in creating a booming market in suspect derivative products. Quite clearly, there was a mismatch between financial innovation and the ability of the regulators to monitor them. It is ironic that such a regulatory failure should have occurred at a time when intense discussions were being held in Basle and elsewhere to put in place a sound regulatory framework.


Source : IIPM Editorial, 2012.

For More IIPM Info, Visit below mentioned IIPM articles.
IIPM : The B-School with a Human Face
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