Monday, September 29, 2008

Child is the mother

If pursued seriously by policy makers, the mother-and-child services scheme can help in social engineering of the Indian society. By ANISH ANKUR
Jamui is among Bihar’s most backward regions, and is on top of the state planners’ development agenda. The women are a depressed lot. Very few girls have seen the face of a school. This is despite the fact that several centrally-sponsored welfare schemes are in operation, and over 100 NGOs run several programmes for the poor. But even here, there are several stories of hope and success. Meet anganwadi sevika Punam Devi, and social activist Muktirani Devi, both of whom won the President’s Award in 2004.

Punam has helped 50 women to attain functional literacy. She has been in social service for the past 17 years, and has also ensured that sick villagers have speedy access to ambulances and regular health care. The villagers are now urging the local administration to include her in the district vigilance committee. Punam says that “once these women become literate, they will not be dependent on politicians every time they are in trouble. It is the politicians, who can learn from these poor people. It is the educated villagers who can help the leaders to identify the solutions that will work for them.”

In a similar vein, Muktirani has helped over a hundred women in the area to undergo family planning. “Earlier, women kept having a child till a son was born to them. Now things are changing. Women are no longer shy of discussing family planning with me. In fact, I don’t have to go to them now. They come to me voluntarily.” She has noticed another change in women. “Now, they want to learn. There has been a great shift in their attitude as more of them attain literacy,” she says.

But there is an even greater change in Jamui that is largely unnoticed. This is the manner in which the policy makers are cajoling children, especially girls, to become literate. They are using e-education to spread awareness in Chandra Shekhar Nagar in Giddor block, near Jamui. The initiative seems to be working as one can see young girls glued to their laptops, while learning words and numbers to become at least functionally literate. Thanks to such innovative educational strategies, children are motivated to spend at least two hours daily with their teachers. Rekha Devi, who has been attending such classes for the past two months, can sign her name. “This is due to this programme,” she says excitedly, and she’s confident that the new learning has increased her chances of finding a better livelihood. Javo Devi, who used to earlier work in the farms, is similarly hopeful about her future prospects.

Priti Kumari, an activist, says, “We are convincing parents to look after their children. Development should not be confused with alms or charity. But yes, they are so poor that unless we distribute free food, it is impossible to get them to take any interest in our teaching methods.” In fact, experts who believe in the programme’s philosophy, contend that this is a good way to inculcate social engineering in the Indian society. Once the critical needs of the mother and child are taken care of, it will have a long-standing effect over a couple of generations.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs

Tuesday, September 23, 2008

Involve people

Introduce basic norms of corporate governance into the entire process of budget making and then see the difference it can make
It is quite easy to throw the baby out with the bathwaterwhen it comes to taking radical policy decisions. Sure, banning the budget is an attractive idea and will once and for all stop the pernicious practice of governments using the budgets as crude instruments of politics to buy their way into votebanks. For sure, banning the budget will stop finance ministers from acting like feudal overlords doling out favours to the favoured and denying privileges to those out of favour. Yet, the fact of the matter is that the government needs to spend money on defence, internal security, physical and social infrastructure and sundry other things that make up a modern nation state. The question is: if we do away with the budget, how then does the government spend the hundreds of thousands of crores that need to be spent each year? Is there a better way of spending government money that will minimise leak, wastage, corruption, inefficient allocation of resources and downright loot by politicians & bureaucrats?

There is a very simple, attractive, practical & workable solution available to policy makers if they are really serious about making every rupee spent on government programmes worth its while. Till the early 20th century, the robber barons of the United States did pretty much what they pleased – killing competition, making monopoly profits, swindling retail investors with impunity and bribing officials to change policies to suit their own corporate interests. In many ways, as the 2001 Enron scandal and many subsequent scandals have shown, corporate greed is a monster that is tough to tame. Yet, over the years, activist investors, an alert media and regulatory bodies like US Securities & Exchange Commission (SEC) have ensured that unethical corporate barons find it increasingly hard to fleece the investors and milk the markets. More importantly, as the examples of Kenneth Lay & Martha Stewart show, corporate democracy has ensured that greedy corporate hucksters are sent well and truly behind bars when they are caught with their hand in the till.

India needs to adopt something similar when it comes to spending government money. It’s quite simple really. Let each ministry fix its own budget and have the finance ministry function like the clearing house of a bank... merely examining the cheques and passing on the money. At the central, state and local levels, appoint an independent board of directors that will not only scrtunise the policy approach of each ministry, but also monitor implementation of expenditure plans. This independent board would comprise of activists, judges, media professionals, managers, CEOs and politicians from both ruling and Opposition parties. Let there be independent audits to monitor performance. Like in the corporate sector, the boards should have the power to sack a non-performing or corrupt CEO – a bureaucrat in this instance. Those caught with their hands in the till must get the Kenneth Lay treatment.

Let’s face it, though. Activists and the media are fighting an uphill battle just to force politicians and bureaucrats to comply with the provisions of the Right to Information Act. In such an event, expecting the same set of people to give up and get down voluntarily from the gravy train called the Union Budget is perhaps only an exercise in fantasy!

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...domain-b.com : IIPM ranked ahead of IIMs

Monday, September 22, 2008

Inflation heads high…

RBI’s cautious stance on managing inflation is all the more welcome
The results are out. “Curbing inflation remains the highest priority for the Reserve Bank of India.” Amidst heightened global uncertainty, the Governor of Reserve Bank of India, Yaga Venugopal Reddy, maintained status quo on all policy rates thereby avoiding any tit-for-tat interest rates cut after the Fed slashed rates by 75 basis points. It is an expected move as the government does not want to couple robust economic growth with high inflation. Considering the factors in the domestic & global economy, the move centring on liquidity, curtailing inflationary pressures & managing growth are very much in line. Banking analysts are of the view that RBI’s emphasis on price stability & well anchored inflation, ensures a monetary & interest rate environment, which is conducive to the continuation of the current growth momentum. They feel that maintaining status quo is indeed the best thing they could have done. However considering the rate differential, RBI would be forced to cut interest rates in the near future, for if it does not, then the deluge of foreign exchange flows would lead to a corresponding increase in rupee circulation within the economy and thereby lead to higher inflation and still higher interest rates.

Politically too the government needs to show concern over inflation. Knowing for sure that while growth may not beget votes, inflation will surely lose them, a cautious approach is being adopted.

CII feels that “in uncertain times, this is strategically a good stance, as long as the RBI explicitly makes it known that it can take any action pertaining to key rates if the situation demands” whereas ASSOCHAM feels that the restraint shown by RBI would make it difficult for some industry segments to cope up with slackening demands, rising imports and high borrowing costs.

The standstill approach as adopted by RBI will provide it with the flexibility to move either ways based on domestic & global developments for it provides ample scope for future rate cuts as well as sufficient liquidity for business to avail loans and pursue growth. The RBI is in wait & watch mode and is in no hurry to pare rates, given the vulnerability of Indian economy at this stage on imported crude & potential food imports.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...domain-b.com : IIPM ranked ahead of IIMs

Saturday, September 20, 2008

The real jetsetter

UB Group’s chairman has always lived on the edge. From new forays to bankruptcy, he has seen them all. By steve warner
‘Never mix drinking (liquor) and driving’ is a clichĂ© harped over by many, time and time again. But what if someone actually mixed liquor and flying (let alone driving), and attained glory in the process? Now, that’s Vijay Mallya for you. He’s been an obsessive entrepreneurial risk-taker, if there’s been one in India. He has invariably lived by the sword’s edge; in fact, he’s a mercurial businessman who has constantly lived on the edge. With due apologies to Aerosmith, these words suit Mallya perfectly:

There’s something right with the world today/And everybody know it’s wrong/But we can tell ’em no or we could let it go/But I would rather be going on.

So, at every stage in his business career, he has taken his chances. And how? “Since his childhood days, he has been a determined boy. He loves taking chances and even if he makes (or has made) mistakes, he actually picks up lessons from them. He firmly believes that his future is in his own hands and even if things go wrong, he never puts the blame on anyone else and always takes on the onus,” is how a source close to his childhood friend, Kiran Mazumdar Shaw, puts it.

Consider what happened on January 25, 2008, when two foreign majors, Carlsberg & Heineken, made a $15.9 billion bid for Scottish & Newcastle’s 37.49% stake in UB Ltd. As per the deal, Mallya’s status in UB holding firm, through which he controls his entire liquor and airlines empire, may be reduced to that of a minority shareholder. The reason: Indian regulator, SEBI, maintains that a buyer who purchases an over 10% stake in a publicly-listed firm has to give an open offer for another 20%. If that happens, and if the Indian public agrees to sell to Heineken, which is likely to be involved with domestic assets, Mallya may become a minority partner in his parent firm.

Now, who would encourage a deal that is likely to undermine his own position as a prime promoter in a group build by his father? Well, Mallya would. But he would also manage to ride out the crisis created by him. Paresh Nautiyal, Analyst, Arihant Capital Markets, explains, “If the acquisition happens, I don’t see it undermining the role of Mallya because he is in a neutral position. But whatever happens, it will bring more synergies in to the organisation and will be beneficial for both parties.” Adds another liquor analyst, “There are long-term benefits for Mallya.”

What’s important is that Mallya may have convinced Heiniken not to opt for an open offer. Mallya could also use his political and business clout to convince SEBI that an open offer is not required in this case. In addition, the liquor baron could use the creeping acquisition route, or the buyback option, to silently increase his stake and retain his majority shareholder’s position. Whatever might happen, the situation would call for more funds; something which is risky as the UB Group is already over-leveraged.

When asked about similar challenges he has faced in the past, and the manner in which he handles them, Mallya responds, “Challenges are always there, and I think challenges help you grow. In case of UB Group, we have a core focused team that helps in estimating the future challenges and take action. A crisis situation always helps you to grow and I personally don’t know what kind of a specialist I am when it comes to being a specialist, but I always resort to my team to manage any sort of crisis situation.”

However, this seems to be an understatement. Mallya has dealt with every crises – and he has faced many – with aplomb. Binit Somaia, Regional Director, Centre for Asia Pacific Aviation, while talking about his encounters with Mallya, describes, “Following any encounter with Vijay Mallya, I think people always go away struck by the genuine passion and zeal with which he pursues his businesses, though dangerously, at times, which is undoubtedly one of the key drivers of his success. I think he would be better described with four words: passionate, charismatic, confident & shrewd.”

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...domain-b.com : IIPM ranked ahead of IIMs

Tuesday, September 02, 2008

Now easier on the pocket

Budget hotels should prosper in India but for rising real estate prices
“Seeking Fortune”- is what a lot in hospitality industry seem to be doing these days. Raison d’ĂȘtre, driven by huge surge in both business and leisure travel, the industry is on a roll. And with over $2 billion waiting to be roped in the next three years, the sector seems hot among investors. However, interestingly, most of the treasure hunt happens to be in the mid-size and low-budget segments.

While international hotel chain Accor has already entered into a joint venture with Emaar MGF to bring its Formule 1 brand of budget hotels to India, Ginger , a subsidiary of Roots Corp owned by Taj Hotels, too, has confirmed its presence and plans to open 30 more in tier I and tier II cities, adding 3,000 rooms by the end of 2008. Even domestic players like Sarovar Hotels and South India-based Choice Hotels are leaving no stone unturned in making their presence felt in a big way.

Fortune Park Hotels, a subsidiary of ITC Ltd., has recently announced plans to augment its presence from 21 hotels and 40 signed alliances across 34 cities at present to 60 hotels in 65 cities in next few years. Fortune, whose expertise lies in the business of managing hotels, also plans to set up its own hotels investing about Rs.1.3 billion in next few years. Moreover, according to industry sources, as many as 40 brands are expected to set-up budget hotels in the next five to seven years in India.

Indeed a well thought off strategy by these players! As the domestic market continues to expand, the escalating economy has provided a growing and newly prosperous middle class population, many of whom are accessing travel for the first time, further raising the need for mid market and functional hotels. The demand for these hotels for corporate and leisure customers at affordable price, while maintaining the benchmark standards is also gaining popularity and the next few years are expected to see more such growth.

“There is tremendous growth opportunity as in the next 3-4 years India will need over 1,00,000 lakh additional rooms, and maximum should be contributed from three-four star hotel category.” says Girish Solanki, who is a hotel analyst. According to HVS International, the quality room supply in India is shockingly low at below 40000. Moreover, as per the report, budget hotels should account for an overwhelming 50.7% of all new hotels in India over the next five years. Players want to capitalize on it by creating a strong presence across with specialised products designed to suit the specific needs of various segments viz. business, leisure, pilgrims, adventure et al. “The segment of budget hotels has always existed; it’s only that big players are now moving into this segment and standardising the product offering with a view to capture the large mid-market segment,” Amol Rao, a hotel analyst at PINC Research, makes his point.

Surge in real estate prices is bound to act as a big obstacle. Initially, even a cluster of brands in a particular location are bound to co-exist without much ado. But as the hunt for low budget fortunes gets fiercer over the years, this industry might just see the same churn currently witnessed in the aviation sector.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...domain-b.com : IIPM ranked ahead of IIMs