Showing posts with label Management Guru. Show all posts
Showing posts with label Management Guru. Show all posts

Tuesday, June 22, 2010

Veering Vir

Stand-up comedian Vir Das has seriously taken the plunge into acting in films. He went through a gruelling nine-audition ordeal to land a role in Aamir Khan’s “Delhi Belly”. Not one to forget his first love, Vir also took time out between the shooting schedules of “Badmaash Company” and performed live shows in the US. Now, despite the appreciation that “Badmaash Company” garnered him, Vir is flooded with fan-mail calling him back to stand-up comedy! Let’s wait and see if Vir laughs-off the mails or stands up for his new passion.

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

Will he or will he not?

With numbers on his side, will President Rajapaksa be able to deliver what he had promised to the people?

In 1980s, when the indigenous edition of Marxism was a fad in Sri Lanka, leftistJanatha Vimukthi Peramuna (JVP) had a feeling that the time for revolution has arrived. It was already a force to reckon with in rural south, and was trying desperately to expand its base in urban Sri Lanka outside their university bastions. Suddenly, they realised that they need a rhetoric to match their vision! It was coined. “Kolombata kiri, Gamata kekiri”, ‘Milk for Colombo and melon for the village’ became a war cry.

Cut to April 2010. As Mahinda Rajapaksa led alliance swept the parliamentary polls, JVP, even with Sarath Fonseka as its allied face, barely managed to hold on to five parliamentary seats (down from 41 last time). As far as villages were concerned, it has been unbelievably routed. It seems Rajapaksa has not only sipped the milk, but has stolen the melon too — right under JVP’s nose. Clearly, he seems to be enjoying his stupendous meal.

The United National Party's (UNP) Captain Ranil Wickremesinghe is a seasoned politician. You can also call him an “Old war horse” depending on your mood; and his. After all, he is a veteran; the veteran of electoral debacles. So even after his party was trounced without trace, he insisted that the majority of the electorate did not exercise their franchise as they have divested their faith in the present system and the holding of a free and fair election. “The main function of the opposition is to ensure democracy and the campaign won’t be restricted to Parliament,” he noted on the electoral debacle. His urban vote bank has been ruthlessly decimated. Rajapaksa’s milk came from here.

“Rajapaksa is increasingly being perceived as a leader who keeps his promises. He had promised the end of LTTE and he delivered. Now the people are looking forward to his promises regarding developmental work,” said political expert Jehan Perera, an otherwise fierce critic of the President, while talking to TSI.

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 :-

Thursday, April 01, 2010

“It’s larger than the movie industry”

Despite a Tiger Woods, there are more role models than fallen angels!

The challenges that face sports as a brand are very different from any other product. Suppose you bought a product and didn’t like the quality, you can get it fixed, or exchanged. Now if you bought a ticket to a sporting event and didn’t like the quality of sport being played, there is no refund that you will get. And if the result is not to your liking, than all you can do is suffer. There are no guarantees, no consumer courts, and at the end of it, nothing to show. And therefore marketing is a very difficult concept to grasp for sports.

Yet sport is a multibillion dollar industry. There are no authentic figures, but it is upwards of $200 billion globally. This makes it much larger than say movie industry or music industry, larger than possibly both combined. In developed markets sport contributes between 2-3% of GDP of the country. By implication than sport can only be next to tourism as an industry.

What makes this an extremely challenging service to market is people’s enthusiasm for sports. People follow sports as a religion, and the sport stars as gods. And despite a Tiger Woods or Ashley Cole, there are more role models than fallen angels. It has long been believed that generally men follow sports with much greater involvement than women. I am not sure if that is necessarily true. There are two kinds of sports followers, one who is rigorous team sports enthusiasts and who follow team sports. These are people who drive the following of cricket and football and hockey. Then there is the relaxed individual sports followers who love golf, and shooting and snooker and chess. In both the sport there is no reason for women to not get involved. It’s less of a sport and more of a cultural thing. As the culture evolves, women power will grow in sport fandom.

Sport has existed in culture for generations. From eons back rulers used sport both as a tool to test human endurance and to create a feeling of superiority between kingdoms. Somewhere along the way sport started to merge with entertainment. This too is a fairly old trend. Now in modern age, its entertainment that has become the prime driver behind sport. And with people having a far greater involvement with sport, brands have leveraged them to create engagement with their consumers. This merger of human endeavour, with need for entertainment has made sports sponsorship a very sophisticated service. And with media getting fragmented, possibly the best bet for a marketer is to aggregate eyeballs. Period!
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, March 06, 2010

Crying Wolf?

Having made to beat a hasty retreat on its stand on ‘retreating glaciers’, the IPCC might have lost more than just credibility!

‘Repeat a lie a thousand times and it becomes truth’ seems to have been the motto of the Inter-governmental Panel on Climate Change or the IPCC and its Chairman R K Pachauri who is finding himself on a sticky wicket in the wake of the ‘Glaciergate’ scandal. But come as they may, the lies have become far too many to be kept under wraps… the can of worms is open and the count of worms hasn’t stopped... not just yet.

There seems to be no end in sight to IPCC and its Chairman, R K Pachauri’s woes. First, it was a series of leaked e-mails that set-off a wave of doubt about the extent and the rate of global warming, then it was the outlandish claim (based on mere speculation) that Himalayan glaciers would melt by 2035; and now there’s yet another damning case built by Britain’s daily, Telegraph against the Nobel award-winning body that seems to have shot itself in the foot yet again by claiming that ice from world’s mountain tops was disappearing due to global warming, a claim based on a university student’s thesis and an article published in a popular magazine for climbers...

With the IPCC adding one goof-up after another to its cap, the UN body would need something of a miracle to salvage its credibility, what with another of its claims about the effects of climate change on the Amazon having come from a lifted report appearing in the WWF – an advocacy group. “As if this were not bad enough, the IPCC has now had to admit to yet another serious error. For years it has been trying to maintain that if the world warms again (and it has not done so for 15 years) hurricanes, floods and droughts would become more frequent. Now, it has admitted that this is not the case, and it proposes to “re-evaluate the evidence,” says Lord Christopher Monkton, a staunch critic of the IPCC and the theory of man-induced global warming.

The IPCC has come under flak on three counts, the first of which is that due diligence was not followed and the claims were not peer-reviewed. Secondly, for the misleading authoritative tone in its predictions of the future, and lastly, for merely being the words of authors who are no experts… and this after Mr. Pachauri claimed that “IPCC procedures were robust and the world should have no doubt about the reality of climate change,” just a few days before leaving for Copenhagen. “The UN’s climate panel, the IPCC, is now doomed. Not a word it or its Chairman says can any longer be taken seriously. The news that it is at last abandoning its entirely false claim that the glaciers of the Himalayas will disappear entirely by 2035 is one of the last nails in the coffin of this unlamented corpse,” cries Monkton.

While it might be too early to deny the reality of climate change and global warming, the recent spate of errors does not augur well for environmentalists battling to save an already over-burdened Earth. Besides, with a skeleton falling out of the IPCC closet every few days, one only wonders how many more are to follow. With climate change sceptics scoring points over ‘believers’ with such inconvenient frequency, the IPCC has some serious questions to answer, something it has so far failed to do convincingly...

Agreed, action has to come thick and fast if the humans are causing or accelerating climate change, but passing off unverified reports as gospel truth is an unpardonable act especially given the vast economic disparity faced by the world. Clearly, catastrophic predictions and prophesies emanating from half-baked truths can have far greater repercussions…
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, March 02, 2010

Of budgets and off budgets

For the middle class families, rising food prices have proved to be killing and the steps by government are a big joke, say Vikas Kumar and Niharika Patra

Sadhana Singh gets perplexed, mystified, exasperated and even infuriated when she watches news on TV or reads the front pages of her newspaper these days. She is sick and tired of Baluchistan, the fight between Anil and Mukesh Ambani, the antics of participants in Rakhi Ka Swayamvar and the statues that UP Chief Minister Mayawati is erecting. She is terribly disappointed with the media; she never had any hopes from august members of Parliament anyway. “Rising costs of groceries have completely damaged our monthly budget. It is really difficult to maintain the same standard. Our monthly saving is now nil,” says this agitated bank employee, even as she struggles to identify one ‘cheap’ vegetable in the market.

There are literally millions of consumers, homemakers and families across India who share the rising desperation of Sadhna Singh. For them, all the stuff that comes out in newspapers about the rate of inflation falling below zero is a bad joke inflicted upon them in poor taste. School teacher Rajarshi couldn’t care less about the subtle differences between the wholesale and the consumer price index; it is ‘price’ that is killing her, day in and day out. But as former RBI Governor Bimal Jalan says, we should focus on the consumer price index rather than the wholesale one while talking about consumer inflation. And that index is galloping ahead at double digit rates.

Most of them still think that Prime Minister Manmohan Singh has the experience and the wisdom to stem the rot; but they can’t help wondering why Mr. Singh is not paying more attention to such ‘bread and butter’ issues. Reality for them is the relentless rise in prices of goods and services that account for the bulk of a middle-class family budget. And the price hikes in many cases are incredibly high. Fond of cauliflower and capsicum? Be prepared to shell out Rs.80 per kg. Think you can increase the ‘nutrition’ quotient in the diet of your child by adding more Arhar Dal? You need to be ready to shell out close to Rs.100 per kg. Have a sweet tooth? Well, sugar is touching Rs.30 per kg.

Those are not just the normal day to day food items that are wreaking havoc on middle-class family budgets. Thanks to the largesse doled out by the Sixth Pay Commission, the amount of money they have to pay as school fees for their children has virtually doubled – often with retrospective effect. And unlike their luckier ‘government employee’ counterparts, an overwhelming majority of those working in the private sector have not seen a pay hike for more than a year. Says Rajarshi, “I have two sons and their school fees have now doubled. I don’t know how will I pay all this.” Rajarshi and her husband really don’t know how to tackle this situation. So, middle-class Indians like Sadhna and Rajarshi who used to save about Rs.5,000 per month have now seen their savings dwindle to literally nothing.

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, February 22, 2010

Why one bird in hand is better!

k. m. birla is at a crossroads – to combine or not to combine is the question. neha saraiya states the raison d’être behind the best possible option...

Imagine a young CEO, who happily acquires a 51% stake in L&T’s cement division (named as Ultratech) for a whopping Rs.22 billion and then soon after sends a letter to his board of management warning them about the bumpy road ahead... That is Kumara Mangalam Birla, a man who had apprehensions about the problems that the massive year-2004 acquisition would cause to the company in the long run. Even as many woke up with the hangover from that deal, there was another major announcement from Grasim Industries on June 11, 2009 – a further purchase of 11.5% stake in L&T Cement! Surprisingly, all went well and in fact much better than expected... That was five years back.

It’s 2009, and the 42 year-old Birla is faced with another question – should he combine his brainchild Grasim Cement with the foster child Ultratech? The move to merge the entities will definitely make the duo, the largest player in India’s cement industry, with an annual combined production capacity of 42 million tonnes, overtaking others in its ilk, which includes biggies like ACC, Gujrat Ambuja, et al. But what if structural issues actually creep into this process of consolidation? Before answering that, taking a look at the company’s performance during FY2008-09 becomes important. The company which has a host of businesses under its umbrella (including Viscose Staple Fabric – VSF, cement, chemicals, textiles, iron ore, et al) recorded a net profit of Rs.21.87 billion, with top line collections of Rs.18.04 billion.

So, while the bottom line fell by 5% as compared to the previous year, what makes Birla happy is the fact that revenues of his main cement business grew by a double-digit 13% y-o-y, touching 20 million tonnes in capacity. Of course, the infrastructure development thrust given by the Indian government helped, but the question stands – are the other eggs in his basket worrying Birla? Admits Adesh Gupta, Group Exec. President and CFO, Grasim Industries in an exclusive conversation with B&E, “Despite higher energy cost and the economic slowdown, cement business maintained its operating profit in FY’09. However, our VSF business was adversely impacted by the global slowdown and spiralling input costs.” Rightly so, the VSF and sponge iron businesses have proved laggards for the company, as the average VSF realisations fell by as much as 17% y-o-y, while sponge iron’s fell by 30% y-o-y. The major reason for this dip has been reduced consumer spending & increase in raw material costs.

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, February 12, 2010

Imagine his plight

On the day of polls, large lines were seen outside booths in Southern districts where as polling in Colombo, UNP’s bastion, was moderate. “He has won the war for us. It will be a betrayal if we don’t vote him,” said M. Udayange, 30, after casting his vote for Rajapaksa in the Wellawetta area of Colombo. JVP’s dedicated cadres tried to make inroads for Fonseka in the interiors but failed miserably. In fact, several of the old-time cadres of both JVP and UNP were seen voting for Rajapaksa. “I was with UNP but I’ll vote for Rajapaksa. Fonseka is trying to divide the nation,” said 60-year-old H. G. Chaturanga outside a polling booth in Ratnapura district. There is definitely a question mark on the future of both the parties as they are losing their cadre and mass base to Rajapaksa. Ranil Wickramasinghe runs the risk of becoming irrelevant.

Political critic Jehan Perera says, “The results have been surprising and unexpected. However, this asymmetrical result has much to do with the asymmetrical campaign that was launched by both the candidates. The incumbent had the entire government machinery at his disposal and he used it to maximum effect as far as spread of propaganda is concerned.”

There is a need to understand the verdict in terms of the dynamics of Lankan politics. The most stunning imagery of the approach in which Northern Tamils analyse polls was given to me by a voter who was born, brought up and worked in the peninsula. He contrasted the jubilation and revelry in the south, following the announcement, with the sense of trepidation and insecurity in the north. While down south, there was a sense of “our government” being voted in, in Jaffna, it was more of a sense of a “Sinhalese government” over which the Tamil people would have limited or no sway at all.

In fact, it was the limited participation of Tamils in their provinces of dominance that sunk Fonseka. Tamil National Alliance (TNA), unarguably the sole representatives of Jaffna Tamils, joined ranks with Fonseka, prior to the elections. The decision did not convince majority of the Tamils who had suffered from the war. Also, limited availability of transportation and sporadic grenade blasts stopped many voters to venture out. “It was more a rational decision than an emotional response. Since Fonseka represented a rainbow coalition, he was more of a national candidate than the president. UNP had the largest block base where JVP has the most politicised and committed cadres,” defends political analyst K Sarveswaran.

But why were Tamils confused? Well, one of its leaders, Douglas Devananda, defected to Rajapaksa. Douglas will gain the most from the spoils. He once drew parallel between Tamil nationalism and cholesterol, saying just as there is good and bad cholesterol, there is good and bad Tamil nationalism and that you need good Tamil nationalism just like the body needs good cholesterol.

“Devananda remains close to the grassroots. He is the right mix of moderate-reformist Tamil nationalism with productive developmental attitude and populist progressivism,” says Dayan Jayatilleka, a pro-Rajapaksa political analyst.

But what changes can his fresh election bring for the Tamil people are pretty unclear. Rajapaksa won’t do much on political front as far as ethnic issues are concerned. In fact he has said that Tamils are not looking for any political package. Also, he is not likely to jeopardise the Sinhalese support he has got.
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, February 01, 2010

Be it the Corolla Altis, Innova, Land Cruiser or Prado, all of them are considered as benchmarks in their respective segments by many. P. S. Chowdhary, Head-Marketing, LML asserts, “Toyota and Honda are the best in the business of automotives worldwide and similar is the case in India.”

India’s upmarket customers do seem to agree. Take the instance of the Fortuner, the latest entrant in TKM’s stable. Fortuner has already got a mind boggling 7,000 advance bookings, surpassing the anticipated figure of 5,000, forcing Toyota to raise production to 600 units a month from the 500 units decided earlier. But the company has been able to deliver only 1,000 in the first two months since the launch and TKM has in fact closed bookings for the upcoming six months. The company has a target of selling around 1,800 units in the current calendar year and around 2,000 units in 2010. “Toyota Fortuner has got an overwhelming response in the Indian market and has the potential to become the market leader. However, the long waiting period due to the capacity constraints may turn down some buyers,” explains Sandeep Singh, Deputy Managing Director-Marketing, TKM.

However, when one looks at overall market share, the company takes a back seat. Since the segments that they operate in are low-volume driven themselves, reaching the ranks of the top five in the country is still a pipedream. Akira Okabe, Senior Managing Director, Board Member, Toyota Motor Corporation avers, “TKM is a baby when compared to giants like Maruti Suzuki in the country.” The basis of the statement surely has deep roots as the company sold a meager 46,892 units at the end of FY 09; registering a negative yoy growth of 15% as compared to the 7,00,000 units by the Indian market leader in the same period with a growth of 1.5%.
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, January 29, 2010

Smell the coffee

Corruption needs the killer dose

The reputation of Indian politicians and bureaucrats on corruption is truly impeccable. In fact, Indian citizens have reason enough to assume that there are hidden skeletons in every cupboard and dark corners in every lair.

And if a person like Meera Shankar, India’s ambassador to US, attempts to speak up and throw some light, what else can we say other than “Welcome”! Meera Shankar’s diligent complaint to the PMO about huge sums of bribe paid to officials in Indian government establishments by US companies is creditworthy. The same cannot obviously be said of the silence over the letter from the PMO for eight months (curiously broken after the assembly election results came in).

Meera Shankar has cited the report filed by the US Foreign Corrupt Practices Act, which names companies that have allegedly made illegal payments to Indian officials over the years. Most shockingly, it pulls the Indian defence forces into the scrutiny as well. York International Corporation, with their products of heating, air-conditioning, and refrigeration, had paid-off $1,32,500 to Indian Navy between 2000 and 2006 to secure 215 orders. A US industrial valve manufacturing company Mario Cavino of Control Company’s Inc., has pleaded guilty of paying $1 million to electricity boards of four countries, including the Maharashtra State Electricity Board. Dow Chemicals has paid $200,000 to Nocil Crop Protection Ltd., including an illegal payment of $39,700 to the officials of Central Insecticides Board. Other cases of bribery include $11,800 to Sales Tax Officials, $3,700 to Excise officials and $1,500 to Customs officials.

The concluding case cited in the letter was of oil and gas major Pride International, which disclosed that it may have made third party payments to be transferred to a government official in India. Our ‘international pride’ is at stake indeed; so is the integrity of our institutions. The government has to stem the rot plaguing these institutions since years. Already, the fact that we need a report by a US agency to wake up to our own skeletons is embarrassing enough.

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, January 25, 2010

One major flaw in the growth of agriculture is lack of marketing

While many private companies are present in the food processing business, more often than not the companies find it better to be a part of a bigger brand rather than making their own mark. While this helps a few, mostly the MNCs, for the Indian companies the business opportunities are killed and in turn farmers feel the heat. This not only applies to the producers, but also to the people involved with the associate industries like the seed industry. L K Pandey, National sales head, SUNGRO SEEDS avers, “It is very important to have a USP. For example- some of our seeds mature one week earlier than other rival seed company products. This gives us strong competitive edge.”

And competitive edge is precisely what is lacking in agriculture marketing in India. From the starting of the process till the end there are loopholes. It is an opportunity for a few, but for the majority of those related to agriculture it is turning out to be Achilles’ heel. While it is all the game of infrastructure on one hand it is about removing corruption within the system on the other. There is a lot of scope for private parties, but the markets as such are not developed thus hampering their entry. And since the segment is capital intensive, it is also making exit a trouble for those who want to. As such the kind of government investment is less compared to what the sector needs. In such a case the only answer is to tighten all the screws and nuts and go for what is called ‘business process re-engineering.’ Agriculture can’t grow unless the input front and the output front work in tandem and this can only happen when the marketing is done in a proper and effective manner. Till the moment the small average farmer has his tractor in the field and his eyes on the market, agriculture will continue to be in the dark.

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 :-

Saturday, January 23, 2010

Setting up of plants and SEZs on forest land

At the other end of the spectrum, industrial houses have reportedly threatened the Union government with precipitate action if the latter fails to rein resistance to the setting up of plants and SEZs on forest land.

Bernard D’Mellow, noted political economist, says: “It seems sections of monopoly capital have given an ultimatum to the state governments concerned and the union government that they will dump their proposed mining/industrial/SEZ projects if the local resistance to their business plans is not crippled once and for all.”

And this is why paramilitary forces were deployed all over the forest area of the so-called Red Corridor six months before the final deadline of December 31, 2009, for recording individual and collective claims on land under the Forest Rights Act. In an article published recently, D’Mellow analysed that the long-standing deprivation of the forest dwellers has helped Maoists expand their base in the jungles of West Bengal.

Joya Mitra, writer, poet and environmentalist, said: “These forests belong to those who have lived there forever. Governments occupied these forests without the consent of the tribals. It is time to rectify the situation.”

Reacting to the MP government suggestion regarding the entry of MNCs, she said: “Tribals nurture the forest because their lives depend on it. Corporates destroy forests to harness profit. Despite the Forest Act coming into force, conditional permission has been given to several PSUs and other corporates to set up and operate businesses on forest land.”

Mitra asserted that more than 100,000 hectares of forest has been denuded in this way. “The corporates, even the PSUs, have done no new plantations to comply with the preconditions laid down by the government. It is a proven fact that they have no stake in protecting the forests while the tribals do. So, MNCs should be kept out of forest land,” she said.

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 :-

Thursday, January 21, 2010

Dr. Malay Chaudhuri, founder director, IIPM

Dr. Malay Chaudhuri, founder director, IIPMWhy did you name this award in the memory of Rabindranath Tagore?

Why did you name this award in the memory of Rabindranath Tagore?


I would like to take this opportunity to make your readers aware that Rabindranath Tagore’s influence was far beyond the world of literature, dramatics, painting and other performing arts. He was also concerned with rural economics and poverty of the peasants. Indeed, with the money he obtained from his Nobel Prize, he set up a bank to help rural people. He not only set up handicraft units in Sriniketan (West Bengal), but also sent his son, Rathindranath, to study agriculture in USA. Therefore, when we thought of instituting a prize in People’s Economics, we decided to dedicate it to his memory. Since 2011 is his 150th birth anniversary, we thought it proper to award the first prize in People’s Economics in that year.

What was the philosophy behind instituting this prize?

When we started our institute in 1973, it was supposed to be named Indian Institute of National Economic Planning and Management but we adopted the name Indian Institute of Planning and Management (IIPM) to make it simple. The core of our course, since the founding years, has been National Economic Planning (NEP). NEP is not only concerned with coordinating the growth of different sectors of the national economy, but also coordinates the growth of people’s purchasing power matching with the growth of production of mass consumption goods, which ensures the sale of these goods as they come out of the factories – and in turn ensures that there is no crisis from time to time as it happens in the capitalist mode of production. Therefore, the rate of growth under NEP is obviously more than the capitalist growth of economy, which progresses through crisis and boom. So, from our point of view, when we look at the names of the recipients of Nobel Prize in economics, we find that most of the recipients have been in the area of econometrics while one group of economists who have been left out are Marxist economists (e.g., Maurice Dobb, Oskar Lange, Joan Robinson, etc). These economists have always been concerned with the distribution of national income, so that the benefits of national economic growth percolate down to the poorest, and this does not necessarily happen in the framework of market economics. By instituting this prize in the areas of people’s economics, we emphasized the need to reorient studies and researches in economics towards the benefit of the underprivileged, ultimately leading to an economic system where there is no exploitation of man by man.

So, is this prize exclusively for People’s Economics or are there any other categories?

The prize will be primarily given in the field of People’s Economics/Management. If we can mobilise more funds, we shall extend it to the fields of Literature and Peace. We have noticed that the Nobel Prize in Literature have a bias towards Western countries. Nobel Peace prizes have also been awarded to people who should be better tried as war criminals rather than felicitated as peace brokers.

How do you see the popularity of this award growing over the years?

If our selection is proper and research based, the awards will be coveted by people all over the world over a period of the next few decades.


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 :-

Saturday, January 16, 2010

Gandhis never became a Dynasty

Priyanka Rai traces Mahatma Gandhi's descendants scattered around the world and across many domains of human endeavour

Much is known about the non-violent movement Mahatma Gandhi led for India’s independence but little is known about the family of the Father of the Nation. Gandhi's 120 direct descendants live in five nations across the world. They do everything from selling computer software to working for NASA. The youngest child of Gandhi’s eldest son Harilal, Renu, is an architect, has done her masters from Berkeley University and now works in a village near Ahmedabad. But none of the members of the family got anywhere close to accomplishing the great deeds of their illustrious ancestor. It is not easy being descendants of the Mahatma. “Mahatma is not in the genes”, says Tushar Gandhi, his great grandson. “Greatness and popularity are not hereditary. So it is not quite in order to have great expectations of the descendants of a great man. Popularity or fame depends on what we do and achieve as individuals.”

Asked about the rest of his extended family, he says, “By and large my cousins are private people and believe in doing their own work quietly. They deliberately chose to remain private. It started from my grandfather’s time. All the four children of Gandhi deliberately led low-key lives and their children followed their example.” Tushar says that he is the most ‘notorious’ of them all but has realised that he does not have the qualities to be a politician. Tushar is the son of US-based Prof. Arun Gandhi, whose father Mani Lal was the Mahatma's second son. Tushar had contested the 1998 Lok Sabha elections on a Samajwadi Party ticket and lost. He is the second member of the Mahatma's family to try his luck in politics, the first being his uncle Rajmohan Gandhi, son of Mahatma Gandhi’s youngest son Devdas, who was fielded by the Janata Dal against Rajiv Gandhi in Amethi in 1989. He was defeated and became a Rajya Sabha member before disappearing from the political stage. Tushar runs the Mahatma Gandhi Foundation in Mumbai and is working for a project of building a shelter and school for rescued child labourers in the twon of Kolhapur.

Most members of Mahatma Gandhi’s clan may not be in the limelight today but they are all doing well in different sectors. In their own quiet way they are serving not just their own country but the world. Significantly, the Mahatma’s four sons were deprived of formal education. In fact they are just what the Mahatma would have wanted them to be. They were not allowed formal education which would have provided them with their own choice of livelihood. The boys were schooled at home. Gandhi had mentioned this in his autobiography that he didn’t want to give his children what other children could not get. Gandhi’s contacts would have secured them places in the best European schools but he never wanted any favour for his family. But today his extended family includes lawyers, medical professionals, teachers, professors and scientists.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Friday, January 15, 2010

Where Charan Singh is God

Baghpat is Ajit Singh’s stronghold because mass loyalty to his father hasn’t diminished one bit, writes Anil Pandey

At first, it is difficult to believe Ompal Singh, the aged pradhan of Malakpur in Baghphat when he says he travelled from Delhi four days after an open heart surgery to cast his vote for Choudhary Ajit Singh. “I told my sons and the doctors that I would jump from the hospital if not released in time for the election. Choudhary Saab after all is our God”, says the toothless, bespectacled elder, clearly a rarity in an age where the distance between the electorate and its elected representatives is ever widening.

Baghpat lies to the north-west of Delhi but has none of the metalled roads or gleaming malls that dot Gurgaon, Faridabad, Ghaziabad or Noida. Though UP’s sugarcane belt is monied territory, its uneven roads and tacky advertisements for promised cures for venereal diseases tell a tale of neglect. The route we have chosen to get there weaves through two VIP constituencies: Ghaziabad of BJP president Rajnath Singh and Baghpat of former Union minister Choudhary Ajit Singh.

We are at Chaproli, the stronghold of Ajit Singh and the constituency which elected his father from 1937 to 1977 to the Vidhan Sabha. Since then the Chiproli seat goes to whoever the Choudhary family favours. In this Jat dominated land, Ajit Singh leads by such mammoth margins that for the opposition the fight is only for second place.

The Makalpur sugar mill, where we met Ompal Singh, as as good a place as any to start a conversation. Soon a horde descends. The adjectives used are different but Singh clearly is their “angel”. Quiz them on the potholed roads and Ompal jumps in: “Farmers don’t need roads. We need sugarcane mills. Choudhary Saab has given us new mills. As for the roads, if they are too smooth and cars begin to race on them, our children are at risk of accidents”, he says. How do you counter that?

Try another one. Ajit Singh lives in Delhi. He doesn't even have a home in Baghpat, isn’t that indicative of a lack of commitment to the electorate? Again a shower of voices, silenced by Ompal’s boom: “What will he do here? Will he labour for us? In Delhi he is working for our betterment. Look how he tackled Sharad Pawar who was trying to rob us of our money,” he says. I try a different tack. “In his public meetings Charan Singh would say, "I am the son of a farmer and hence understand your problems. My son is born to a Prime Minister. He will not understand your pains, so don’t vote for him,” I say.

Ompal Singh almost boils over. “Any idiot can understand that its sarcasm directed towards Sanjay Gandhi.” I persist: “Ajit Singh is perceived as an opportunist leader who aligns with any and every party.” Ompal is ready: “He does it for our good. He needs to stay in power so that the interests of farmers are safeguarded.” And then a wide grin spreads over Ompal’s face as he mocks me: “Poocho, aur poocho” (ask me more).

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IIPM Editorial, 2009


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

Wednesday, January 13, 2010

South Asian writers


The decade saw the emergence of Indian and Pakistani writers on the world literary scene. Subcontinental storytellers writing in English are now visible everywhere. Salman Rushdie was once a lone ranger in these climes, but today he has ample company. Not a single year goes by without a writer of Indian, Pakistani or Bnagladeshi origin finding a mention in the Man Booker shortlist. The names that attracted attention were Hari Kunzru, Arvind Adiga, Kiran Desai, Amitabh Kumar and Jhumpa Lahiri from India, where as Bapsi Sidhwa, Mohammad Hanif, Daniyal Mueenuddin and Mohsin Hamid from Pakistani, made their country proud. Detractors, however, maintain that most of these books were written keeping western readers and the Man Booker in mind and that these works lacked the depth of true literature.

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IIPM Editorial, 2009


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

Monday, January 11, 2010

Get Sunburnt at Goa!

Asia’s biggest electronic dance music festival is here!

When New Year is around the corner, everybody is looking out for the best parties around. Those who can afford to fly out, don’t think twice before heading to the Mecca of partying – Ibiza. Or if they’ve had enough of that Spanish isle, then Mykonos in Greece is the next choice of the discerning clubber. And for those who prefer to pile on the air mile reward points head to South Beach in Florida. Goa, on the other hand, is where the rest of us try our level best to get to. Goa is the Indian man’s Ibiza, Mykonos and South Beach, and with a crazy number of parties and DJs who really can work a crowd, it does truly live up to all the hype. But before you begin planning to fly in on the 29th December this year, here’s a tip – Goa gets hot and happening a lot earlier, from the 27th to be precise – when thousands will be getting together to bump ‘n’ grind at Goa’s Candolim Beach to electrifying dance music at this year’s edition of The Sunburn Festival.

With a line-up that includes the world’s no.1 DJ, it’s hard to imagine that this will only be the third edition of The Sunburn Festival. In Nikhil Chinapa’s (Festival Director and Creative Consultant) words, “The line-up that we have is the most glamorous, most heavyweight line-up that we’ve seen in Asia ever. We have the world’s no. 1 DJ Armin Van Buuren, arguably the world’s no. 1 House DJ, Roger Sanchez, and the DJ who’s risen up the ranking most spectacularly in the past four years – Sander van Doorn. To add the cherry to the cake, we’ve got Gatecrashers hosting a whole stage, and people who’ve been following dance music for the past 20 years, know that Gatecrashers is to dance music what Pink Floyd is to rock.” A number of Indian artists and bands will also be playing at the festival like Pearl, Jalebee Cartel and Tuhin Mehta. Aiming to offer an irresistible synergy of music, entertainment, food and shopping, the organisers are positive the festival will be the biggest and the best that Asia, and not just India, has ever experienced.

While one might imagine that The Sunburn Festival is here to become the East’s answer to Ibiza-like parties, the Festival is in fact interested in catering to families. “Our aim is to make Sunburn Festival the Glastonbury Festival of the East, with lots of different bands, different acts, different genres of music, with flea markets, with art and lifestyle areas, and we definitely want to introduce the concept of camping at a festival. But to do that, we’ve got to make sure that we’ve got the security apparatus in place. It’s not just that the people can get there, but be safe too. It will take some time to get to those levels, but we aim to get there eventually,” says Nikhil.
This annual three day festival is not just god-sent for all music-lovers, but for Indian musicians, and could potentially put India on the map as a dance festival destination. And while Goa so far has been our answer for the best parties in India, The Sunburn Festival also gives us desis hope of camping at our very own Glastonbury Festival, very soon...
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IIPM Editorial, 2009


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

Saturday, January 09, 2010

Doomed prophecies

Prophets of doom never give up, so why should we?

It’s been a while since people have been running around like frightened chickens expecting the sky to fall on their head or the earth to split wide open and gulp them down. The Romans, for example, believed philosopher Seneca, who had prophesised that the world would go up in smoke. So in AD 79, when Mt. Vesuvius erupted, they believed the apocalypse was here. In 1665, when the Great Fire of London set the town on fire, Londoners imagined that it was a result of God’s wrath and that the whole world was to go up in flames. The year after, 1666, was also believed by European Christians to be a year of doom, as 666 is described as the number of the Beast in the Bible. Sixth June, 2006, saw a revival of the same sentiments. Jehovah's Witnesses, a Christian offshoot, had predicted 1914 as the year the world would end. When it did not, they predicted that it would end ‘shortly’. In 1997, a UFO was supposed to follow the Comet Hale-Bopp, and though nothing of the sort occurred, 39 members of Heaven's Gate cult did choose to commit mass suicide, so that their souls could board that aircraft. More recently, we were all supposed to have perished when the planets Mercury, Venus, Mars, Jupiter, and Saturn fell in line with the Sun and the Moon on 5 May, 2000.

Despite all the panic caused by end of the world soothsayers since hundreds of years, the world has happily continued. Will the world continue to spin post 21st December, 2012? Considering how previous prophecies haven’t affected our world one bit, we’d say it most probably will. As Yogi Ashwini says, “Nothing would happen in 2012 and we have to stop looking for reasons to panic and start hoping for peace and spreading joy.”

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IIPM Editorial, 2009


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

Wednesday, January 06, 2010

Is cia encircling iran?

Senior Pak politician reveals CIA's design to encircle Iran by extending Drone attacks into Balochistan

Secretary General National Party, Tahir Bizenjo believes that the option to go for drone attacks in Balochistan by the Central Intelligence Agency (CIA) is essentially an attempt by the US government to encircle Iran.

“Drone attacks in Balochistan ostensibly to eradicate the Taliban leadership based in Quetta will be disastrous, since it will de-stabilise Pakistan,” he said.

“It is essentially an attempt to gain access to neighbouring country Iran, where the Americans are keen to interfere since the ouster of Shah of Iran in 1979,” he said.

In an exclusive interview with TSI, the former senator said drone attacks in Balochistan will be counter productive for the Americans as well since it will heighten anti-American feelings among the people while Taliban would gain sympathy.

“Afghan crisis can’t be resolved through encircling Iran,” he said. “It can be resolved only if India, China, Iran, Russia and Pakistan are taken on board in talks with the Taliban, keeping in view their respective interests in the region,” he said.

Referring to “Balochistan Package” offered by prime minister Yusuf Raza Gilani recently, he said it was nothing but a political gimmick.

“It’s a political gimmick. The government has tried to evade major issues,” he said.

“Though slain Baloch leader Nawab Akbar Bugti has been termed as a martyr in the package, the government has announced to form a commission to investigate the murder of Nawab Bugti although everybody knows who was behind the murder,” he said, referring to ex-president Gen (retired) Pervez Musharaf.

“Commissions are formed in Pakistan to put an issue under the rug. Former prime minister Zulfikar Ali Bhutto established a commission under justice Hamood-ur-Rahman to investigate about the actors responsible for dismemberment of Pakistan in 1971 but Gen. Yahya Khan was buried with full military honours and he did not spend a single day in jail although he was the main culprit,” he said.

He pointed out that National Party and other nationalist parties in Balochistan suggested that “missing people” should be released and if there was a charge against them they should be tried in a court of law.


“We also suggested that the assassins of Nawab Bugti should be tried in a court of law and everybody knows Musharaf was involved in it. He should also be tried for abrogating the constitution,” he said.

He further pointed out that thousands of people in Marri and Bugti areas have been displaced due to military operation in Balochistan and have been forced to take refuge in Southern Punjab, interior of Sindh and even in Karachi, and they need to be rehabilitated.

“In the second phase, the government could have invited nationalist parties for talks. This did not happen,” he said. “No wonder that National Party and Balochistan National Party (Mengal) have rejected the package,” he said.

“The 27-member committee, led by Senator Raza Rabbani and representing all parliamentary parties was asked to make suggestions ahead of Balochistan Package but the government failed to pay heed to any suggestion,” he said.

“I think the people of Balochistan can still live in a federation provided we make a loose federation confined to foreign policy, currency and defence and all other subjects are handed over to small provinces,” he said.

“The smaller provinces should have rights on their natural and mineral resources. These measures will satisfy the smaller provinces to a great extent,” he said. “The question is whether a centralised federation or strong provinces can strengthen Pakistan,” he said.

He said the 62-year-old history of Pakistan has amply demonstrated that strong centre was not the panacea to keep Pakistan intact. “History shows that centralisation has only generated disharmony, anarchy and friction amongst provinces. As a result, the former East Pakistan opted to become Bangladesh,” he said.

“Bengalis played a major role in the creation of Pakistan but a military operation was initiated against them in 1971 and they were forced to become an independent nation,” he said.

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IIPM Editorial, 2009

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

Monday, December 14, 2009

Turmoil in orissa house

About 28 farmers commit suicide over the past four months

The Opposition Congress members created a ruckus in the Orissa Assembly over the issues of alleged suicides by farmers and the mining scam last week. With pandemonium continuing, the House was adjourned thrice for ten minutes each.

These two major issues are being used by the Opposition to corner the Naveen Patnaik government that has been ruling the state for the last twelve years. Incidentally, the Bharatiya Janata Party (BJP) — the alliance partner of the Biju Janata Dal (BJD) in the initial two elections only to snap ties in the 2009 local polls — has also joined in.

Their leaders leave no chance to highlight the ruling government’s failure in addressing farmers’ problems.

The party known for ignoring Opposition seems to be upset with the latest development in the state. Till date, at least 28 farmers have committed suicide in the state over the past four months of which more than 15 were from the western part of the Orissa — considered the ‘rice bowl’ of the state.

Besides, the government is also in the dock for its role in the Rs 14,000 crore mining scam. The Congress is seeking a CBI probe into the whole episode.

Cornered, the government has rolled out a number of schemes for the farmers whose rabi crop was destroyed by poor rainfall. However, the Congress is not willing to take the government-run rescue mission at face value. They say that the government has not come out with any concrete rescue package for the debt-ridden farmers who are distressed due to crop losses. And they are in such a sad position that they can’t even pay back their debts taken from the local agents.

“The government has no right to remain in power, as it has failed to rescue the farmers of the state. Forget about compensating the debt-ridden farmers, the government should have at least consoled the deceased family members”, BJP state president Suresh Pujari said.

Farmers’ issues has tarnished the clean image of Naveen Patnaik. “Farmers of the state are upset with the chief minister, as he has done little to address their real problems. The government has not added a single inch of irrigated land during its regime. It has neglected the agricultural sector and the farmers are suffering,” Central minister and senior Congress leader Srikant Jena told TSI.

The usual response from the government has been that it would look into the matter.
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Source :
IIPM Editorial, 2009

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