Showing posts with label IIPM-Article. Show all posts
Showing posts with label IIPM-Article. Show all posts

Monday, July 29, 2013

The Mamata factor

Powerful state units of the Bengal and Kerala CPM are preparing for a showdown

While Trinamool Congress might have unleashed a reign of terror in Bengal against CPM leaders, the April 9 Delhi incident where CPM cadres decided to heckle and insult chief minister Mamata Banerjee and her Finance Minister Amit Mitra, has brought the Left party’s influential West Bengal and Kerala units on a collision course.

Following the Delhi attack, Trinamool has already launched a violent retaliatory campaign but more than anything else, it was the action of CPM’s Delhi unit that has further vitiated relations between the central leadership, read general secretary Prakash Karat, and the West Bengal unit. Tempers are running so high that the state CPM has accused Karat with ignoring the state unit before embarking on adventurism of this kind.

Veteran Leftist leader Ashok Ghosh, secretary of the Forward Block, openly sought a clarification from the state CPM leadership, particularly from CPM secretary Biman Bose, asking ``how long should we suffer for the blunders committed by your party?” Leader of another Left constituent RSP’s Khitij Goswami, too toed the same line and questioned the rationale of the Delhi action at a time when the Left was facing the Trinamool onslaught as well as trying to consolidate its position which was drastically eroded in the assembly and Lok Sabha elections.

The CPI(M) had traditionally thrown its weight around at its smaller partners and even the `historic’ defeat has not helped change this equation. While Left constituents are angry with big brother, within the CPM, leaders have questioned this so-called party programme of the Delhi unit directly under the control of Karat. The incident has revived the old battle lines between general secretary Prakash Karat and Buddhadeb Bhattacharyya, who is unhappy at Delhi’s unilateralism.  Bhattacharya’s anger is justified. For the first time since Mamata came to power, CPM had an opportunity to push the government into a corner and was brimming with the possibility of revival.

The Delhi episode has put paid to their plans. Biman Bose, sources say, had informed Karat of their displeasure. According to reports, people protesting in front of Planning Commission were all members of CPM’s local committee in West Delhi and not its affiliate Students Federation of India (SFI). The Delhi action was carried out by party full timers

Apparently to deflect peoples’ attention and to gain the confidence of state leaders, Karat wrote to President Pranab Mukherjee urging him to decide whether West Bengal Governor M K Narayanan’s ‘political intervention’ in seeking an apology from the party Politbureau for the Delhi incident was justified. To the utter dismay of Karat, this action has failed to mollify the state leadership with even front partners viewing it as a gimmick, a ploy to hide his own failures.

These leaders privately admit that Narayanan was right. After all the Chief Minister and Finance Minister were attacked. They do not feel it was highly improper for the governor of a state, who holds a constitutional post, to declare that a political party or its leaders have ‘forfeited their right to function within a democratic framework’. These leaders feel that Karat should have had the moral guts to confess his wrong instead of blaming the governor. The governor said that CPM was entitled to voice complaints, but could not resort to using rods against ministers. He even suggested that this ``premeditated” attack was “serious enough to warrant a public apology from the CPM Politbureau.’’

The anti-Mamata demonstration was planned to protest against the attitude of the West Bengal government towards the custodial death of SFI leader Sudipta Gupta in Kolkata.

West Bengal CPM leaders and Karat have been at logger heads for quite some time and state leaders blame the general secretary for this miserable state of affairs in its once strong hold West Bengal. They say Karat forced his dictates against the will of the state unit and eventually the party had to suffer huge electoral losses.

While CPM leaders do not intend to intensify their agitation against the Trinamool government for the moment as it would send a wrong message to the people, Karat and his associates want the state to embark on a militant form of agitation. Even secretary of Delhi CPM, Puspendra Grewal, a Karat protegee has come out justifying the action.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles

Thursday, June 6, 2013

Rising above revulsion

Sanjeev Sinha, one of the earliest breakout painters of Bihar’s 1980s generation, seeks reconciliation and harmony amid the disruptive and disturbing contrasts in contemporary reality by K.S. Narayanan, Photos by mukunda de
Life is not a dream. Careful! Careful! Careful! ……another day we will watch the preserved butterflies rise from the dead

As haunting as these immortal lines of 20th century Spanish poet and dramatist Federico Garcia Lorca, Sanjeev Sinha’s 23 new artworks titled Am I?, showcased in the Visual Art Gallery of India Habitat Centre in the national Capital early this month, provided a strong jolt. The opening saw a host of esteemed guests, including Raj Liberhan, Director, India Habitat Centre; art curator Alka Pande: Rajeev Lochan, Director, National Gallery of Modern Art; Kapil Chopra, President, Trident Hotels; Anurag Sharma, Director, United Art Fair, and the who’s who of the Capital’s  glitterati and chatterati.   
                
Am I? – the question in the title of the show suggests the turbulence and the array of thoughts struggling to find expression within the artist who seems to be on an endless search on the issue of existence.

One of Sinha’s paintings showed several speared teddy bears. They shake us out of complacency and compel us to instead act and take charge before there is nothing left. The innocent eyes of the bears tug at the heartstrings and urge one to reflect on matters of the contemporary world. By portraying such a picture by use of toys that symbolise innocence, the artist at the same time points out how society has remained a mute spectator to the murder of innocence and innocents.

Juxtaposing a fairy world akin to ‘Alice in Wonderland’ along with a world steeped in faith, Sinha places the innocence of a Barbie doll alongside the ferocity of Goddess Kali.

Another work carrying a pious Buddha is surrounded by various emotions like passion, romanticism and appreciation of natural beauty, implying the intrusion of different objects while you are in such a mystic position. In the work titled Gentle Bite, he has portrayed a Barbie doll inside a turtle surrounded by the butterflies. This seems to signify the artist’s craving for the pleasant and happy world of eternity.

The turtle, Sanjeev explains, is believed to be auspicious in mythology and one of the longest living creatures in the world. In the work titled Gentle Bite XV, he has made a cobweb and behind that there is a huge spider that has created the whole system signifying the world.

Says Shaji Mathew of Studios and Galleries who is engaged in promoting residencies for budding artists: “There is lot of violence. Too much of a contrast too and difficult to digest as well. Probably it is looking at present-day violence while peace loving variety of art work is far less.”

This is because besides treating his subjects with techniques of realism, Sinha uses stark colours, primarily black and red, to evoke an intense feeling of passion and radical approach towards this worldly issues.

Also seemingly banal devices like the use of a burning matchstick in several paintings make the artist relate to real situations.


According to Sinha, wood acts both as a saviour and a means that takes the stranded person to the safety’s shore, and also the carrier of fire that could destroy everything.

Though this was the popular feeling of those who viewed the exhibition, there were others and experts who had read both the artist and his art well.

Take for instance Vikash Nand Kumar, art historian and curator who curated Sinha’s work. He observed that at the very first instance the Am I? exhibition may sound radical and gloomy and shrink us with a feeling that it is not very pleasant or soothing. “But as the viewers go through the body of work and fathom its depth they would understand its gist. We must realise these works are in proximity to the reality of our contemporary lives and then might sense the cathartic pleasure of watching these works.”

No doubt these works carry the blend of thoughts that he wants to put on canvas using objects symbolizing philosophical implication, political mystification and spiritual assimilation.

Bihar-born Sinha is a globe- trotter has imbibed various cultures, traditions and art practices that have led him into a gamut of experiences. He has exhibited in galleries and museums in India, the Netherlands, France, England and Japan in group and solo shows.

Calligraphy, Korean clouds, Tibetan flags, Buddha’s head, the world of flora and fauna, mythology, et al, find a place in his compositions. They are the tools with which he expresses himself. Watching everything around him as an observer, his works give a peep through the lens that generally remains black in the foreground, thus being in direct interaction with his works and creating layers of depth on his canvas.

Some figures are of powerful women like Kali. Of a naked Kali and a Barbie in a bathtub. One is black. One, white. One is wild. One is innocent. But even in the wild one there is innocence.

What does Sinha hope for as an artist? “I hope people understand that my paintings are not decorative but symbolic. I’ve incorporated elements from arenas like politics and capitalism and the misuse of religion. But you have to look closely at them.”

At a time when art lovers look at Santiniketan, Kolkata, Mumbai and Vadodara as the centres of excellence, Sinha is the unspoken leader of the young Bihar art generation that emerged in the 1980s. He was the first artist from Bihar of his generation to have won the prestigious Lalit Kala Akademi award and create a niche for himself in Europe’s art centre. Since then, Sanjeev has bagged several national and global fellowships and honours.

Having closely watched Sinha’s artistic journey over the years, poet and art critic Vinod Bharadwaj says the exhibition depicted the creative pangs of that terrible phase when one has to look for the right names for objects in the wake of the violent gang rape of Nirbhaya or Damini in the glow of meaningful peace.

Recalling the words of German dramatist Bretolt Brecht, In the earthquakes to come, I very much hope – Bharadwaj says: “In Sanjeev’s artistic journey there is always the ray of hope amid violence, anarchy and assaults”.

Commenting on the artist and his art, Seema Bhalla, another art historian, observed: “Through his work Sanjeev Sinha seems to be asking himself, what is he? Is he a mere spectator or a participant? Or is he optimistic or pessimistic? He keeps pondering on many sensitive questions and asking himself “Am I…?” It is difficult to remain unaffected after watching his works as they force one to think”.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman

ExecutiveMBA

Sunday, June 2, 2013

Of Kingmakers and Emperors Without...

Nitish Kumar has been anointed as the new kingmaker by the media. he needs to be wary of hubris and the voter.
 

“He loves me, he loves me not, he loves me....".  There is many a Congress leader who could be playing this teen fantasy game while thinking about Nitish Kumar. Now that the DMK has done what it should have done about three years ago, Nitish Kumar becomes even more crucial. To borrow language from the ISI of Pakistan, Nitish Kumar and his party can provide "strategic depth" to the Congress when it faces an angry, frustrated and vengeful electorate in 2014 (if not earlier!). During his so called Adhikar rally organized in the capital, the Bihar Chief Minister gave enough hints that he, his vote bank and his allegiance could be up for grabs. So don't be surprised if the media keeps a relentless focus on Nitish Kumar and his future plans. In fact, his acolytes have stated a fantasy scenario that could called Nitish as Prime Minister. And why not, surely he has better credentials as a politician and administrator than Manmohan Singh, I.K. Gujral, H.D. Deve Gowda and V.P. Singh! If only a pesky upstart called Narendra Modi was not hovering on the horizon! But there is no mistake about this: Nitish Kumar is the favour of the season and the latest kingmaker of Indian politics.

But it might be instructive for the Bihar Chief Minister to read up on contemporary political history and learn some lessons. Kingmakers of Indian politics have a nasty habit of acquiring a common disease called hubris. And the Indian voter has a nasty habit of exposing kingmakers as emperors without clothes! Let's go back a bit to 1989 when V.P. Singh was riding the Bofors bandwagon towards power in Delhi. One of key charioteers of this bandwagon was the then Chief Minister of Andhra Pradesh N.T. Rama Rao who had acquired cult status as a film star, and who had humiliated the mighty Congress. He was the loudest and most vocal voice of an emerging anti Congress alliance across the country. And what happened then? V.P. Singh did manage to humble Rajiv Gandhi and the Congress to emerge as possibly the worst Prime Minister that India ever had (tough competition from Manmohan Singh!). But voters had something else in store for NTR. His party Telugu Desam was decimated and humiliated in the 1989 Lok Sabha and assembly elections. The kingmaker had lost his crown and throne.

In the tumultuous days of 1999 when a tea party enjoyed by Sonia Gandhi and J. Jayalalitha led to the collapse of the Vajpayee government which lost a no confidence motion by just one vote, Sharad Pawar emerged as the new kingmaker. Sensing an opportunity - something which he couldn't grab in 1991 when the Congress preferred a safe P.V. Narashima Rao to an ambitious Pawar - the Maratha strongman revolted against Sonia Gandhi and formed his own party called NCP. The calculations back then were quite clear. Kargil was yet to happen and not many expected the NDA led by Vajpayee to win a decisive victory. So there was every chance of a hopelessly hung parliament and who more qualified than Sharad Pawar to play kingmaker and dream of his own Kingdom? But the Indian voter had other ideas. Sharad Pawar was forced to eat humble pie and share power with the Congress in Maharashtra, failing to even have the NCP take the post of the Chief Minister. Vajpayee, of course, was voted back with a comfortable majority. Ever since, the halo around Sharad Pawar has been dimming consistently. Even his most loyal and die hard loyalist now knows that Pawar as Prime Minister is a fantasy.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman

ExecutiveMBA

Tuesday, May 28, 2013

Movie Review: Lincoln


Portrait of America
The phenomenal Daniel Day-Lewis plays Lincoln with the immersive, invested method acting, only he is capable of. This is acting at its finest.

It is chilling to find an actor play a character with such impeccability where every little mannerism is taken into account and every little run of words carefully practiced.

Stephen Spielberg’s Lincoln is one of his most audacious projects till date. The expectations about such a film are just too great. Spielberg simply ignores those expectations and in doing so transcends them.

Lincoln covers the final four months of Lincoln's life, focusing on the President's efforts in January 1865 to have the Thirteenth Amendment to the United States Constitution passed by the United States House of Representatives.

For those who find politics too boring, this film isn’t much about politics. Even though, it talks about bills and amendments, the film ultimately shows the inner nature, flaws, weaknesses and workings of democracy’s greatest defender.

In adapting just a small part of Doris Kearns Goodwin's Team of Rivals, the 2005 bestseller about Lincoln and his Cabinet, screenwriter Tony Kushner blows the dust off history by investing it with flesh, blood and indomitable spirit.

Lincoln doesn’t spend time in flashbacks and backstory. It is all about forward thrust and urgency; verbal fireworks taking over visual stimulation. It is remarkable to see Lincoln using every single twist and turn in the book to pass the amendment and abolish slavery once and for all.

Spielberg, Kushner and Day-Lewis dare greatly in giving us this complex, conflicted portrait of a great American leader. The result, glitches and all, is a great American movie.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
BBA Management Education

Monday, May 6, 2013

"States are taking initiatives to develop solar power"

In an exclusive interaction with B&E, Inderpreet Singh Wadhwa, CEO, Azure Power, talks about how solar power production is evolving in India and its prospects for the future

B&E: What was your outlook about the solar energy sector in India when you started Azure Power and how has it evolved since then?

Inderpreet Singh Wadhwa (ISW):
When I founded Azure Power in 2008, most of the solar energy efforts in India were targeted towards rural electrification. However, there were very few large-scale solar projects then. This was the real inspiration for us. We built our first plant in Punjab at the tail end of the grid. There were about 32 villages around the plant which were getting electricity from the Bhakhra Dam through nearby substations. By the time power would reach the substation, there was a lot of transmission loss. So we constructed a 2-megawatt plant in Awan near Amritsar. This plant not just reduced all the grid disparities but it also created a sustained income for the community as we had leased the land instead of buying it. The National Solar Mission has also played a very important role in setting the tone for solar energy generation in the country since then. Various solar energy purchase obligations for distribution companies have benefited solar power generation companies.

B&E: How do you plan to scale up your operations and what targets you have in mind?

ISW:
Our aspiration is to become the most affordable solar power producer in the country. We build and own power plants and sell the electricity on a long term contract. We have got a project each running in Punjab, Gujarat, Rajasthan and have also got two more projects coming up in Gujarat and another one in Rajasthan. The upcoming Gujarat project is going to be a 2.5-megawatt rooftop project in which roof owners will get lease rent. The key here is to aggregate many roofs so that one can take the advantage of economies of scale.

B&E: How do you find the regulatory environment for the generation of solar power in the country?

ISW:
Solar power plants can be built anywhere in India barring a few northern and north-eastern areas where sunlight is not available throughout the year. Nowadays, almost every state has policies favorable for the sector. The central regulator has put regulations in place for every distributor to buy a certain proportion of their portfolio from solar power. Hence, all the states are following it. States like Gujarat have taken even larger initiatives to build one of Asia’s largest solar energy parks.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles

Wednesday, April 24, 2013

In knots over family & legal wrangles

The Hiranandani family has been in the news recently more for the wrong reasons than right. A running family feud and other legal travails could well put the skids on the family’s many business ventures, if not settled imminently and amicably.

Family feuds breaking out in well-known business houses are not uncommon. But the ongoing legal run-ins of the Hiranandanis and Mafatlals certainly take the cake, the plate and the trimmings. Often, at the core of the dispute is that hoary old chestnut, property, over which ties of blood and kinship have been known to fray and fall apart. The dispute between Mafatlal scion Atulya Mafatlal and his socialite wife Sheetal before the Bombay High Court and the legal battle between Darshan Hiranandani and his sister Priya Hiranandani-Vandrevala present unedifying examples of the public spectacles that family feuds in business houses commonly degenerate to. Another family drama to have spilled into the public domain in recent times was the rift between the Ambani brothers. The two siblings, with probably higher business stakes up for grabs in the course of their bitter feud than any other warring members of the business tribe in India, did eventually bury the hatchet, which gives rise to the hope that even the Hiranandanis and Mafatlals would prefer to settle for an amicable resolution of their problems rather than slug it out in the courts.

Of course, the Mafatlal case has become juicy fodder for the tabloids. Despite the efforts of the HC-appointed mediator to bring the estranged couple to agree on the contentious issues, media reports suggest that any conciliation in the matter looks improbable and not within easy sight. On the other hand, the tussle between construction magnate Niranjan Hiranandani’s two children – son Darshan and daughter Priya, a chartered accountant based out of London – came out into the open in 2009 after Priya accused her father and brother of violating a non-compete agreement signed among them in 2006. The agreement required that all business transactions to develop and acquire property be undertaken exclusively with each other for the first seven years. The profits were to be shared equally between Priya and the Hiranandanis. Priya claims that her father and brother entered into projects without her knowledge, either independently or with others in the real estate sector, despite signing the agreement to do business exclusively with her.

Does he feel bitter or disappointed at his daughter’s demeanour? “Younger people have high ambitions but little tolerance,” says Hiranandani, speaking to Business & Economy. “They want everything fast... Earlier, senior members of the family controlled affairs; now everyone wants to take their own call.” When asked about the rumours that the realty group started in 1978 by him and his brother Surendra, and known today for its realty projects in and around Mumbai, Chennai, Bangalore, Hyderabad and Dubai, could be headed for a split, he vociferously discounts any such possibility, “It’s natural to have differences between family members. But there is no such possibility of any split happening in the group’s realty business.”


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 

Tuesday, March 12, 2013

Iconic Pet Disappear into The Dark?

Will Harry Potter’s Iconic Pet Disappear into The Dark?

Sacrifice of goats and also humans by tantriks is known, but now owls too figure in the list of black magic doers, who use the owl’s skull, ear-tufts, claws, heart, eyes, bones etc. for their rituals. Also, some of their parts are used as medicines, and people use them for street performances too. In the report Jairam Ramesh said that India’s wildlife faces many pressures and appealed to all to be more aware and realise the importance of birds and animals. He mentioned, “Owls are as important to our ecosystem as the tigers or any other better known charismatic species, and concrete ground action is to be undertaken to curb such trade.” The report recorded that 15 of the 30 owl species in India are being illegally traded.

Being a wildlife enthusiast, I would discourage all from keeping birds as pets. Birds are meant to be in the open, to use their wings to fly; it’s criminal to cage them. For parents who wish to fulfil their child’s wishes and buy them owls to keep as pets, here is a useful little sermon by Mekhla Pathak (ornithologist) – “Owls are ‘wild birds of prey’, which suggests that keeping them in the confines of four walls can be highly dangerous. Besides, their screeching, territorial nature, and diet of eating raw whole animals can become quite a pain.”

So, if you chance upon owls being traded, do a favour to the majestic bird by reporting to the authorities. And if your child fancies a pet, must we remind you that a dog is a wonderful companion. Why, even a soft toy is a much better idea. 


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles

Thursday, February 7, 2013

Put soothing balm on the wounds of the Kashmiri people

That’s what Faisal Shah, the topper of this year’s civil services examinations wants to be. A qualified doctor, he wants to put soothing balm on the wounds of the Kashmiri people, albeit in the garb of a bureaucrat. So he tells Haroon Reshi
 

Merely a couple of days after the killing of his father, Faisal appeared for the MBBS entrance…and cracked it! He did his MBBS from Srinagar’s Sher-i-Kashmir Medical College. “But I was not satisfied with that achievement. My aim was to become either an IAS or an IPS officer. I think that I could not have helped the masses of my conflict-ridden state just as a doctor,” he says.

Faisal was 19 when his father, Ghulam Rasool Shah, a school teacher, was killed by militants in 2002 at his ancestral home in Sogam village, more than 90 km away from Srinagar. “Will you believe that many things that my father taught me in 7th grade came handy in these exams,” asks a visibly elated Faisal. “My father was a visionary. Whatever I achieved today is because of his guidance. I feel sad that today he is not around,” he adds.

Faisal’s younger brother Shah Nawaz is also a doctor and his younger sister Talat Shah is a library assistant. Faisal, who is a great fan of noted poet Dr Allama Iqbal, knows many languages including Urdu, Persian and Arabic. He had taken up Urdu and Public Administration as subjects for the IAS examinations. “Urdu is my passion. I love this language,” he says. The topper believes that his achievement would inspire many youngsters studying in Urdu-medium schools. “I have proven that students of Urdu-medium schools too have great potential and can get through any competitive examination.”

It is a common perception in Kashmir that Muslims of the state are being discriminated against, especially in the civil services examination, so as to keep them away from the administration. But Faisal’s success disproves the opinion. “No one is discriminated against. It is a wrong perception. We ourselves are responsible for not participating in such examinations with full preparedness,” says the civil services topper.

Besides Faisal, three other Kashmiri boys— Showkat Ahmed Parray, a resident of Wizar village in Baramulla district, Mir Umair from Badgam district and Raees Bhat, a resident of Anantnag district, have passed the civil services examinations this year.

The last Kashmiri to have qualified for the IAS was Asghar Hassan Samoon who achieved the feat some 16 years ago. In 1981, Khursheed Ganai from Kashmir stood second in the civil services exam — the highest rank for anybody from J&K till Faisal’s results came. Currently, Ganai is the principal secretary to chief minister Omar Abdullah.


Source : IIPM Editorial, 2012.
An Initiative of IIPMMalay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

Tuesday, February 5, 2013

US BANKING: DEBT HANGOVER

Having paid a price for their ‘irrational exuberance’, economies in general, and financial institutions in specific are suffering from a hangover of their own mistakes, says B&E’s Gyanendra Kumar Kashyap

It’s true that S&P 500 Index’s 64% jump since March 2009 has made investors richer by restoring $5.4 trillion to their wealth, but the figures are not proof of growth problems to come. The fact that the treasury has recovered two-thirds of TARP investments as well as $17 billion by means of dividends & warrants is certainly good news. But at the same time, both Fed Chairman, Ben Bernanke and his Treasury Secretary, Timothy Geithner should keep in mind the downside of the stimulus binge, while rejoicing over the fact that the May 2009 stress test results have helped financial institutions raise over $140 billion in high quality capital & over $60 billion in non-guaranteed unsecured debt (and hence the repayment). Such bailout bursts pump up growth initially, but the macroeconomic hangovers can carry on.

Even assuming some budget trimming, the IMF expects government debt in advanced G20 economies to reach 118% of their combined GDP by 2014, up from 78.2% in 2007 (just before the economic crisis). For the Japanese economy (whose deflationary hangover is world-renowned) the public debt is forecasted to exceed 110% of GDP in net terms in 2010, and will represent 225% of GDP in gross terms. Getting to a more sustainable 60% level will involve raising taxes & cutting services. And here lies the greatest problem.

In an environment where debt is large and growing, low interest rates are preferred by nearly everyone: the government, bankers and... everyone. The desire for low interest rates will put incredible pressure on the Fed and the central banks across the world to keep rates low. Raising taxes to reduce debt may delay the recovery process, while trimming spending will in all probability erode the safety net and damage competitiveness in the long run. Apparently, the road to repairing balance sheets is likely to be a long and winding for both the economy and the financial system.


Source : IIPM Editorial, 2012.
An Initiative of IIPMMalay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.


Friday, January 25, 2013

Stepping on the gas

The new Tata Motors chief has to be a visionary, no less than Ratan Tata himself

Tata Motors is one of the pillars of the Indian automotive industry; a company with a legacy that is hard to beat. The launch of Tata Indica had made Tata Motors a major automotive brand and is now considered to be a force to reckon with in the automotive industry. The prospective launch of the Nano has stirred a lot of interest in the public and there are a lot of expectations doing the rounds. However, the recent fall in sales has been marked by serious discomfort in the Tata camp and an anecdote of success is the need of the hour. For Tata’s vast empire, even a battalion of leaders may not suffice but we need supermen here.

There are a number of very able and competent managers in the Tata stable that can steer the group into the future. If choice be the ultimate parameter, two stand out – P. M. Telang, a 32-year veteran and Rajiv Dube, the new face of Tata Motors. Telang is presently the Executive Director of Tata Commercial Vehicles and commands a high respect from his peers. Spending such a vast time frame in the Tata Group, Telang has vast experience in manufacturing, sales and development in the truest essence; coming out on top in almost all requirements. Rajiv Dube, the President of the Passenger Cars division is the glamorous of the two men. Dube has been at the centre of all Tata Motors initiatives recently and has been the front man in almost all important events of the company. Dube is young, dashing and has the knowledge and the works necessary for selling cars. Clearly, this man knows what he is selling.

Out of these two probable choices, it is very difficult to pick; however options are not limited. C. Ramakrishnan, the current CFO of the company could be the person worth considering as well. The person is good with his numbers and could well be the finance guy who can get the volumes back. Ostensibly so, from the choices: the young car guy, the veteran and the number cruncher, only Tata Motors can decide on the best man for the job.


Source : IIPM Editorial, 2012.
An Initiative of IIPMMalay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

Friday, January 18, 2013

POSTULATE II : GLOBAL WARMING

Is the phenomenon of global warming really that serious? Does it even exist? Do we even care? We answer all those questions and more...

That is not to discard the factuality that certain environmental changes are becoming more severe with each day passing. Global temperatures are surely on the rise. Incidences like Arctic shrinkage, Arctic methane release, and release of terrestrial carbon from permafrost regions are being observed. The sea level is rising at 0.2 cm/year. From 1961 to 2003, the global ocean temperatures have risen by 0.1°C. The temperature of the Antarctic Southern Ocean rose by 0.17°C (0.31°F) between the 1950s and the 1980s.

More dangerous implications include transnational migration of epidemics like malaria, plague. In addition, economic costs can be easily gauged from the example of the 1926 Miami hurricane which cost a whopping $157 billion. What is more appalling is that around 25 million people are estimated to have been displaced in the 1990s due to environmental changes; shockingly, the number is estimated to reach 150 million by the end of 2050 (as per the Intergovernmental Panel on Climate Change). WHO reports that as of date, around 150,000 individuals are dying every year due to climate change.

If climate change is a realistic possibility, then the current response in the form of UN-FCCC seems too luxurious. While a country like China today accounts for 19% global emissions, India is not far behind. Yet, none of these countries seems open to a legally enforceable regulation that ensures that emitters fall in line – the argument being that while the developed countries have already exploited the world in the past so many years (and so have become developed), the developing countries still have their share of exploitation left to do. If that is the argument, we are all lost. For a start, so is the UN. They don’t even have a separate body looking after climate control...


Source : IIPM Editorial, 2012.
An Initiative of IIPMMalay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail

IIPM Links
IIPM : The B-School with a Human Face
IIPM – FLP (Flexi Learning Program)

Thursday, January 17, 2013

GOLDMAN SACHS: LESSONS OF SUCCESS

You could call Goldman Sachs the greatest market manipulator and cry foul at every announcement that it makes. Yet, in an unrivalled environment, the best option is to learn from the Alpha male of Wall Street – the brat of the whole lot! by gyanendra kashyap

Despite widespread criticisms, Goldman Sachs'' share price has marked a 240% rise in just a year (touching $176.51 as on November 10, 2009). As a matter of fact, during Q3, 2009 alone, the firm made profits of more than $100 million on trading revenues in 36 days and profits of more than $50 million in 53 of the 65 trading days – all these, when financial institutions were still scrambling for schlock bankruptcy covers (the latest victim being CIT). So what gives at Goldman that makes it so different from its peers?

Peter Nerby, New York-based analyst at Moody’s Investors Service communicates to us that the superior performance of Goldman Sachs over its peers is based on the "firm''s risk management expertise and controls, as well as the strength and diversification of its franchises." Although that is simply put, the statement does contain the very foundation of the spectacular success of how Chairman Lloyd has managed his firm. But his success has been supported by three strategic focuses he used over the past few years.

Yes, to some extent, Blankfein has benefited from the miasmal state of affairs of his competitors, who were forced to wrestle with large trading losses and internal restructuring. A less competitive market and higher fees have indeed contributed to the staggering profit figures (revenues and profits, in this industry, are a function of volumes and margins). David Viniar, CFO of Goldman Sachs, while angrily denouncing several allegations levelled against Sachs (he termed the accusations an egregious distortion of facts), has gone on record saying, "We are very aware of what''s going on in the world, but we have to trade that off with being fair to our people who, we believe, have performed admirably throughout the crisis."

And this is precisely the first learning for other banks – treat criticism as hyperbole and reward your top performers, blasphemously (if that means obtaining a scurrilous reputation, so be it), for "people" surely are the topmost tangible asset. Competitors like Morgan Stanley, who have lost talent regularly since the mid 90s and have had to pay out billions of dollars to settle lawsuits/issues in the past years, have never managed to match the sparkle of Sachs to an extent (for records, Mika Watanbe, Executive Director, Morgan Stanley, communicated to B&E his refusal to comment on the issue).


Source : IIPM Editorial, 2012.
An Initiative of IIPMMalay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail

IIPM Links
IIPM : The B-School with a Human Face
IIPM – FLP (Flexi Learning Program)

Tuesday, January 15, 2013

Tango is only about passion

If you thought tango is only about passion, oomph and attitude then think again!

Even though tango can look like it is more about steps, but more than anything it is about presence and communication. You have to be really present because socially it is all improvised, which means if you are leading, you have to be able to communicate your lead.

In order to communicate, you have to listen to your partner so that you know how to lead. Both as a leader and a follower you need to listen to the other person, you need to be present. It is the same as having a conversation on the dance floor. Even when you are leading, you have to be very respectful to the person you are leading. The first time some old people came for their tango class, they came in their baggy pants, T-shirts, etc.

Gradually they became little nicer, after a few times they were wearing nice shoes and women started to wear little jewellery, some make-up. To me, it says a lot about how you feel about yourself and to me that was a fantastic thing.”

Says Dr. Suman, Associate Professor, Neurology, “All these forms of dance therapies and other forms of music therapies relax the patients, help in improving the blood circulation and thereby, when one is happy, it also increases the neurotransmitters in the brain, which are essential for normal functioning of the body. Maybe in that manner there is an increase in the acetylcholine and dopamine, which are the two neurotransmitters responsible for Alzheimer’s disease and Parkinson’s disease. This may increase and thus help these patients”.

Tango requires a person to apply their mind, which might just enhance one’s memory, but even if the experts are wrong, it will at least add a dash of spice to one’s life!


Source : IIPM Editorial, 2012.
An Initiative of IIPMMalay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail

IIPM Links
IIPM : The B-School with a Human Face
IIPM – FLP (Flexi Learning Program)

Wednesday, January 9, 2013

ICICI Bank fire-fighting case study

It was October 2008 when ICICI Bank stood accused of having overleveraged its exposure to the devastating sub-prime crisis, consequently endangering its very existence. Today, when the worst of the crisis is over, has the brand regained the hallowed position it held before the crisis? 4Ps B&M gleans out four critical crisis management lessons from the ICICI Bank fire-fighting case study

Lesson #2: Lose the aggression in the branding message; show the human face
Says Namita Chhetri, President, Indian Council for Market Research (ICMR), “Actually, it wasn’t just about the quantity of money invested by ICICI Bank but the quality of the branding message. The bank worked on a new branding strategy altogether. Right after the hurdle, the bank was quick enough to tweak its communication strategies. It moved away from its arrogant communiqué of ‘Lead life on your terms’ to the ‘Power of belief’.” The inherent softness in the bank’s communication was evident in their positioning campaigns post the crisis. The bank moved the full mile in ensuring that the civil society appreciated the bank’s efforts in being transparent about their operations.

Lesson #3: Increase and internalise live customer touchpoints; at least during the crisis
The biggest turning point for the bank has been its change in focus on the operations front. The bank, which once discouraged its customers from coming to its branches and promoted the use of ATMs, since the crisis has continuously been persuading customers to visit its branches. The aim is clearly to create a direct contact between the bank and the customers, which will not only help create a better relationship between the two, but also strengthen customer faith. Giving this careful consideration, the bank has even reduced its huge army of direct selling agents by almost 70% with a target of zero reliance on any outsourcing for business acquisition and collections. All this has certainly helped the bank gain some ground in the eyes of the customers, most of who have in the past, experienced the irrational behaviour of external agents.

Lesson #4: Follow up the message with intent; and publicise it
Interestingly, it was around this time (on May 1, 2009) when Chanda Kochhar took up the responsibility as MD & CEO of ICICI Bank. Immediately after taking charge, she implemented a simple 4Cs strategy – namely, capital conservation, cost efficiency, CASA (current accounts and savings accounts) and credit quality. While the so-called strategy was publicised to gain brownie points from the analysts’ population, there was actual work too done in this regard. The result: While the profitability of bank improved from Rs.37.58 billion in FY2009 to Rs.51.51 billion in FY2011, net NPA ratio went done from around 2% in March 2009 to 0.83% in December 2011. Even CASA deposits as a percentage of total deposits increased significantly, from 28.7% on March 31, 2009 to 43.6% as on December 31, 2011.


Source : IIPM Editorial, 2012.
An Initiative of IIPMMalay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles.

Thursday, January 3, 2013

Terrorists? Us?

Even sans ideology, FARC still lives

Modern day Robin Hoods? Well, one may think so if one considers the core ideology and vision of the Revolutionary Armed Forces of Colombia shortly known as FARC. The group, which was formed as a group defending the rights of peasants, aimed to establish a Marxist rule at the Centre via armed struggle.

It started when the assassination of a famous Liberal leader led to years of brutal violence between the Liberals and the Conservatives (termed as la Violencia where over 2,00,000 people were killed). The peasants faced severe oppression and began to form self defence groups. The FARC was a combination of such groups and was formed in 1964. That’s pretty much where the similarity with Robin Hood ends. The FARC has claimed that it doesn’t target civilians but that claim is null and void considering that they are notorious for the illegal use of land mines, which has killed over 1,106 people in 2006 and 895 in 2007. FARC has ‘merry men’ too, but that’s because they derive a lot of their funding from the illegal drug trade & extortions! They even have children in their activities.

Under former President Pastrana, several peace negotiations were initiated with FARC but they failed. Current President Uribe launched direct military attack to wipe out FARC rebels from the land under ‘Patriot Plan’ in 2004. The operation was partially successful, as it forced the rebels to leave the land they were controlling. This has reduced the intensity of attacks, but are still at large. To make matters worse, they have external support from communist nations like Cuba, Venezuela & Ecuador. Colombia, on several occasions, has blamed Cuba and Venezuela for tacitly supporting FARC. In fact, Chavez has asked Europe to take FARC out of the terrorist organisations list, while in the same vein, he says he wishes for peace. FARC also enjoys the support of peasants. The Government has parallely provided economic support to the tribals and weakened their support for the insurgents.


Source : IIPM Editorial, 2012.
An Initiative of IIPMMalay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles.