Showing posts with label news weekly. Show all posts
Showing posts with label news weekly. Show all posts

Wednesday, June 30, 2010

Nipped in the bud

Arrested for alleged complicity in the Lajpat Nagar blasts when he was just 16, Syed Muhammad Maqbool Shah was acquitted when he was 30. Haroon Reshi spends time with him and brings out a moving picture of gross human rights violation.

After 14 long years of imprisonment, Syed Muhammad Maqbool Shah (now 30) finds it difficult to resume his life at the same pace and with the same passion as he could have done nearly one and a half decades back.

In early 1996, he had just passed his 11th standard examination from the Gandhi Memorial College in Srinagar when he planned a visit to Delhi where his two elder brothers stayed in connection with their (Kashmir Art) business.

The 16-year-old boy was full of joy as he left his home in the Lal Bazar area of Srinagar in April 1996. It was his first tour outside Kashmir. He could have never imagined that he would not be able to see his family for the coming 14 years.

Maqbool’s journey out of Kashmir proved to be a horrible turning point in his life. A few days after he arrived in Delhi, a bomb blast ripped through the Lajpat Nagar market in south Delhi, killing 13 people and injuring 38.

Soon after the incident, the Special Cell of Delhi Police arrested 10 accused from different parts of the country. Maqbool was among them. Nine of the arrested people, including a woman, hailed from Kashmir. Mohammad Naushad, the sole exception, was from Delhi. Maqbool, the youngest of the accused, was initially kept in the juvenile jail of Tihar for a couple of years and was later shifted to the main prison.

On April 8, 2010, a Delhi court convicted 6 of the 10 accused and acquitted four others, including Maqbool.

Mohammad Ali Bhatt, Mirza Nissar (both from Srinagar) and Mohammad Naushad were sentenced to death and three others, including the woman, were held guilty under the Explosive Substances Act and the Arms Act to face a maximum punishment of seven years’ imprisonment.

Maqbool is now trying to resume his normal life but he is still shaken, physically as well as mentally. His happiness at rejoining his family has been overshadowed by the pain of losing his father and sister during the period he was in prison. Before entering his Srinagar home on April 11, Maqbool went to the cemetery to pay his respects to his father Syed Muhammad Shah and sister Hadeesa Bano. He embraced the graves and broke into tears.

Everyone else was in tears too. His father died a year after his arrest while his 24-year-old sister passed away a month after she had visited him at Tihar. Family members say that both the father and his daughter were traumatised by Maqbool’s arrest.

When Maqbool returned home, the first thing he noticed was a huge walnut tree in the middle of the lawn. The tree was planted by his father a few years before Maqbool’s arrest. “I was stunned to see a huge tree with fruits as it was very small when I had seen it last time,” Maqbool tells TSI. “Every thing has changed here. It is like a new world for me,” he adds.

These days, youngsters at home, are teaching him how to operate a mobile phone as there were no mobile phones in Kashmir (due to security reasons) when Maqbool had left home 14 years back.

“There was only one landline in this whole area at that time and now every person is having a mobile phone in his pocket,” he exclaims.

“I have learnt how to receive a call. I can also play a game. Now I am learning how to find contact numbers from the phone memory,” he says.

Maqbool is excited in a similar way about the “money machine”. One of his childhood friends took him to an ATM to show him how it worked.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

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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

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Thursday, June 17, 2010

Kerala tourism gets a boost

Kochi International Marina, the first of its kind in India, has all necessary ingredients to redefine the travel and tourism sector of the state, writes T. Satisan

The Kochi International Marina, a full-fledged marina of international standards, was inaugurated by Defence Minister AK Antony on April 24. The ambitious project of Kerala Tourism Development Corporation (KTDC) is located on the eastern coast of Bolgatty Island in the Bolgatty Palace. It was built at a cost of Rs 8.21 crore with a Central assistance of Rs four crore. Designed and developed by Ocean Blue Marinas, it can berth 34 yachts at a time. The number may be increased to 50 in the second phase. The marina can accommodate sailors from across the world and seems to be an ideal spot for yachts from the West. Every boat can avail the power supply and all other necessary requirements at the quay itself. The Marina House, a part of the project, has 24 deluxe rooms including four suites, a recreation centre, a cafeteria and a health club besides a golf course. It will be run by Tourists Resorts Kerala Limited, a subsidiary of KTDC.

The requirement of a marina in Kochi was felt by all when the famous Volvo Ocean Race to India had a stopover in Kochi last year. That time it was realised that Kochi does not even have minimal facilities to host any big event. So the project, that was frozen for sometime, was completed on a war footing within two years. Now KTDC expects huge profits from this new installation. Fifty per cent of the proceeds are expected to go to the kitty of KTDC.

The tourism department of government of Kerala and Kerala Tourism Development Corporation expect handsome revenues from the functioning of marina. In the light of the tremendous business potential of Kochi, this expectation is a realistic calculation. The revenue will definitely help the tourism department and Kerala Tourism Development Corporation to plan many such revenue generating schemes.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

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Tuesday, June 15, 2010

Relief for school children

State govt bans students’ participation in VIP rallies

Schools have been asked not to rope in students for ceremonies and rallies to welcome VIPs in Orissa. Passing a resolution, the School and Mass Education department of the government of Orissa says: “School children will not be made to wait for hours to receive a celebrity during function. VIP duties for school children are over.”

Issuing a missive to all the schools on April 24, 2010, the state government asked them to implement the orders as soon as possible. From now onwards student need not entertain VIPs visiting their areas.

Of late, it had become a common practice to use school children to welcome guests in both public and private functions. Several child organisations raised the issue and mounted pressure on the government to take action against it. Sources say after being inundated with complaints, Minister of State for School and Mass Education Pratap Jena banned the use of school children for such functions. The minister’s office instructed all the district collectors, district inspectors of schools and circle inspectors to end the misuse of school children.

Joint secretary to School and Mass Education department, Government of Orissa, Iswar Ch. Barada told TSI: “We received several complaints from different organisations and parent bodies. They complained that children were suffering because they were forced to participate in events to honour VIPs. We understand that many a time they have to wait for long hours even under the sun. There have been some cases in which students fainted due to unbearable heat. Therefore we have decided to ban such a practice.”

However, many educationists are unhappy with the government’s decision. Dr. Ganeswar Mishra, an educationist and a retired professor of Utkal University, is one of them. He argues that there is nothing wrong in making students participate in such events. “Receiving a VIP is not a bad idea. It cannot be called violation of child’s right. Such ceremonies give children an opportunity to interact with eminent personalities,” says Dr. Mishra.

But he agrees with the critics of the practice that students should not be made to stand for hours to welcome a VIP.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

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Tuesday, June 08, 2010

Half a nation's half a war

Even Rip Van Winkle would have felt embarrassed by India’s oddity

It is said that if something looks like a duck, flies and quacks like a duck, then it has to be a duck. But India is an exception. So, when 18 brave heart policemen were killed in Mumbai during 26/11, the whole nation galvanised into one and there was an evident cry of a battle to take revenge. Yet the issue was somehow marginalised to how the police and CRPF intelligence was to be blamed, if not Chidambaram. While that may be true, what has to be realised is that in all our confabulations, we should not forget that those are the Maoists primarily who are responsible for the killings. This may sound simplistic and naive; Home Ministry reports clearly state that in the last few years more uniformed personnel have been killed by the Maoists than by any terror group in J&K or Northeast. It is known that the Maoists have far greater firepower than any other banned terror organisation in India. They have mastered the use of IEDs and pressure bombs to the extent that the Indian security forces are still clueless about how to deal with them even as the mine protection vehicles are proving to be redundant. It is also known that Maoists are far more ruthless than any other subversive organisation and consider killing their adversaries with the worst kind of ferocity and ruthlessness to set examples for the rest. Their objective is not to develop the underdeveloped regions of India but keep them out of bound from prosperous India. Had their intention been to improve the state of people, they would have ideally given books instead of AK-47s in the hands of teenagers and not use them as fodder even while the progeny of the elite Maoist leaders continue to live in opulence. It’s no secret that their real objective is to replace India’s democracy with a ruthless communist regime. It is also known that in the Maoist strongholds, nothing can move without paying extortion money, the extent of which is around Rs.1500 crore a year. Yet when these reports come out, Indian intelligentsia easily scoff them off as government's propaganda and that Maoists are nothing better than poor peasants in destitute.

So what happens to India? Well the fight against Maoists is a litmus test of the very idea of India and would help in drawing the boundaries of liberty and laissez fairer that our democracy has been reduced to. Would someone ask the intellectuals as to who, whether the Maoists or the CRPF would come to India’s rescue if there’s another 26/11 type attack in India? Unfortunately, for Indian intellectuals, whose bravery is never put to test in front of a barrage of AK-47 bullets, its romantic reverie of an ideal revolution will not be broken unless the Maoist attacks, like the Jihadi attacks, would hit the heart of urban India hard. Then helicopters would be used with impunity as was used in 26/11. But till that time babus and netas sitting in Delhi would pretend that there’s no war going on and so Army’s involvement is not needed. Till that time, India would continue to have half a war in which it would fight and yet not fight to finish while the Army would continue to buy weapons for a conventional war, which perhaps would never happen in reality. If the Maoists are so right in their attitude that even the government is confused, then let’s not have any war at all and let them have their leeway if it helps India. But why reduce it to CRPF’s and Chidambaram’s war instead of the nation’s war? Yet, can you expect something better than half a war from half a nation? Not really because for a nation which behaves more often than not like 28 independent states, one can only expect half a war. And the poor CRPF jawan without any idea as to why his government has left him alone to die, would continue to pay with his half or full life while numerous talk shows on television would have burning issues to discuss and ponder for months to come. We call this democracy.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

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Wednesday, June 02, 2010

This Adonis is a Phoenix

There’s a lot about Hrithik Roshan that hasn’t changed with the stardom he’s attained; his words are still truly heartfelt. even in a situation where he’s pressed for time, the actor makes sure that every thought of his is well explained. in a conversation with spriha srivastava, the green-eyed hunk talks about his journey from “finished” to “phenomenal”.

“Kites” is being hugely anticipated and expectations seem to be running sky high. Do such expectations make you nervous?

Yeah absolutely! But it’s exciting at the same time. Actually, this anxiety is very exciting.

Your life is perhaps the perfect example of ‘rising from the ashes’. During the time when your films were not faring well, what would you think was going wrong?

Nothing was going wrong. Every soul has its own journey and there’s no bad experience. Every experience is to help you find yourself more. As you go on experiencing, you go on shedding the layers around you. Every up and every down teaches you something and you start getting to know the real person inside you. That’s what I feel. And I believe that by breaking those layers one can eventually know who you are and live in peace with what you are.

And after that phase came your big-budget superhero films, the first of its kind in Bollywood. When the idea was discussed with you, what made you give a go-ahead for “Koi Mil Gaya” and “Krissh”?

It was because the idea sounded ridiculously challenging and was unheard of. It just looked like a leap in the right direction. You know, I just felt that if we conquer this, then it will be the most victorious thing ever done. It was an exhilarating feeling.

And it was not only victorious, but you and your dad Rakesh Roshan also raised the benchmark of Hindi cinema. How is the chemistry between you two?

Whatever I’ve learnt, I’ve learnt from my father; by being an assistant to him, watching him …He’s been the best example to help me find my drive and my passion. I’ve watched him through his ups and downs, I’ve watched him break down or get ecstatic… With him, I’ve experienced what life is like beyond the camera and the bright shining light (laughs).

Apart from your dad, you’ve worked with some of the best directors. How would you say is Anurag Basu different from other directors that you’ve worked with?

Anurag Basu is fantastic. I completely resonated with his vision. He has got a fantastic sense of screenplay. You know, he looks for those magical moments and doesn’t follow a rule book. He follows his heart. His attempt with “Kites” was to make an honest film. Just one example of that is that when my character had to sing for the girl, he wanted my voice. He did not go for a playback voice. That’s why it was a challenge and an opportunity to do a role like this. I feel all the work that I’ve done before “Kites” was to prepare me for a role like this. Working with actors like Kangana and Barbara Mori was also an opportunity because they come from the same school of thought as Anurag. I just had to watch and learn.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

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Monday, May 03, 2010

‘Erase the line that divides us’

On a trip to karachi, jaswant singh advocates the formation of a south asian union in order to keep the threat of colonialism at bay. A report by Shahid husain

The people of the subcontinent are likely to face the scourge of colonial rule again if they do not unite and form a South Asian union, former Indian foreign minister and author of "Jinnah: India-Partition-Independence", Jaswant Singh, said on April 13 during a press conference at the historic Mohatta Palace in Karachi.

"I wish I could tell you in terms of time when this union will be established, but the people of Pakistan and India definitely have to share their sorrow and happiness together," he said. "I fear that the failure to form a South Asian union may result in a new form of colonial rule in this part of the world. The United States is today's colonial power and we should understand it. We should be aware of its selfish tactics."

He feared that the new powers would rob the people of the subcontinent of their independence. "I often tell my American friends that they live at a distance of 8,500 miles from Afghanistan, while we live only eight and a half minutes away. I ask them if it was possible that the water of Atlantic Ocean could come to the Himalayas," he said, adding that while the US was talking about nuclear security, one must remember that the nuclear bomb was used twice and it was the US that used it both the times.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

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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.

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Source :
IIPM Editorial, 2009


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

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Monday, April 12, 2010

Losers blog...

Losers use the net more, and blog

From illegal downloads of movies and music, to free access to pornographic and tendentious material (even information on how to build bombs), technology advancement – while creating new age entrepreneurs – has also done to death many innovative ideas apart from criminally promoting anti-social concepts, products and behaviour. Illegal downloads are one part of it (the movie Avatar being the latest victim, like innumerable others), what cuts the waste deeper is anonymous/falsified blogging, tweeting and social profile usage on sites like MySpace, Facebook, Orkut and others.

While on one hand, these and many other social profiling sites have generated mass hype (viral marketing, if you may) as being the next ‘big thing’ on the Internet, on the other hand, not only have these sites promoted slanderous and defamatory posting of content by anonymous users, they have also gone ahead to claim that they cannot be taken to task over such content being posted by anonymous users as they (the sites) support freedom of speech! But things are changing. Countries like China, Iran and others have in one shot brought erstwhile know-all search engines like Google to their knees. India even arrested and jailed the CEO of an auction portal (owned by e-Bay.com), which hosted pornographic content under similar irreverent premises of non-responsibility. A National Institute of Mental Health supported research proved that increased use of the net was associated “with decreased family communication and reduced size of local social circle,” apart from loneliness and increased depression. Consequences? In UK, in March 2010, a 33 year old was jailed after admitting to kidnapping, raping and murdering the teenager he met on Facebook using a fake Facebook profile. Take that for the hackneyed freedom of speech Mr. Zuckerberg.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

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Outlook Magazine money editor quits
Don't trust the Indian Media!

Tuesday, April 06, 2010

Mercury rising

Temperatures soar in Bhubaneswar and other parts of Orissa as the civic authorities go on a tree-cutting spree to widen city roads, reports Dhrutikam Mohanty

Bhubaneswar, well-known for its ancient temples, may very soon be identified as one of the hottest capitals of the country. It became the hottest city of Orissa when the temperature touched 42 degrees on March 23. As per meteorological office records, this is the hottest-ever March in Bhubaneswar in the last five years.

In 2005, the highest temperature in March was 39.6 degrees. It climbed to 40.8 in 2006. But in 2007, 2008 and 2009 March was comparatively cool as the highest temperatures were 38.3, 38 and 39.4 degrees respectively. Though situated in the eastern coastal plains, Bhubaneswar, Orissa's capital, experiences unbearable heat when the mercury touches 45 degree Celsius during April-May every year!

Environmentalists believe that one of the major reasons behind this unprecedented rise in temperature is wanton cutting of trees. However, in Orissa, trees seem to have become the biggest enemies of both government agencies and the common folk. While there are several instances of government bodies cutting down trees in the name of development activities like widening of roads or construction of a bridge, the common man is destroying the city's green lings even for unnecessary purposes like road blockades and protests.

As per an estimate, the state witnessed more than 2,000 road blockades in different districts last year. And in a majority of these cases, trees were at the receiving end. This, however, did not include the communal riots in Kandhamal where thousands of trees were uprooted.

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Source :
IIPM Editorial, 2009


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

Read these article :-

Outlook Magazine money editor quits
Don't trust the Indian Media!

Wednesday, March 31, 2010

Just go for it Jen

Even after heartbreaks, failure doesn’t bother Jennifer Aniston much. And the same is also true for her professional life. While critics trashed “Bounty Hunter”, her last outing at the box office, it doesn’t seem to have affected Jennifer one bit and the actress is up again for a rom-com with Adam Sandler titled “Just go for it”. With the same attitude as the title of the movie, hope the 41-year-old finds success with this one.
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 30, 2010

Another Ghising in the making?

Snehangshu Adhikari says the Gorkha Janmukti Morcha is diluting its ‘statehood for Gorkhaland’ demand for a few sops, like the Gorkhaland National Liberation Front did in 1988

The fact that Darjeeling with its panoramic view of the Kanchenjungha is very close to West Bengal chief minister Buddhadeb Bhattacharjee’s heart is no secret. During a recent two-day trip to Siliguri, he reaffirmed his fascination while saying, “When I visit Darjeeling, I hope to catch a glimpse of Kanchenjungha at any cost. However, all wishes cannot be fulfilled all the time. Whenever I get a chance, I will surely visit Darjeeling.” The man with a positive attitude further added, “Though we are far from reaching a concrete solution to the administrative problems in the Darjeeling Hills, the proposals of the Gorkha Janmukti Morcha (GJM) and of the Centre are with us. Discussions are on. We expect a major positive development at the sixth round of tripartite talks scheduled for the middle of May. The issue might not be resolved at that meeting but there would be fruitful progress towards a solution. And as of now, the situation in the Hills is peaceful.”

But Subrata Tamang, 56, a local garments shop-owner on the Darjeeling mall, finds little reason of optimism. For almost the past 20 years, Subrata is witnessing the same unstable situation. March 18 was anticipated to be the brightest day of the year, as people of the Hills were expecting some solution arising out of the fifth round of tripartite talks between the Centre, the state government and GJM. But GJM’s demand for a separate state has not evoked any positive response from either the Centre or the West Bengal government. Gorkhaland at present seems to be just a day dream. Possibly even GJM is resigned to accept this reality as GJM chief Bimal Gurung has presented an interim administrative set-up for the region with an executive committee and a 55-member body with power to legislate. GJM general secretary Roshan Giri submitted the blue print for the “interim authority” at the meeting attended by Union minister of state for home Ajay Maken, Trinamool Congress leader Dinesh Trivedi, West Bengal minister for municipal affairs Ashok Bhattacharya, West Bengal health minister Surya Kanta Mishra and state home secretary Ardhendu Sen. After the meeting, there was the proverbial ‘feel good’ photo session but the grapes remain sour for the Gorkhas.

“As the ‘secret proposal’ was sent earlier only to Union home minister P. Chidambaram on February 18, the state government pretended that they were totally unaware of the proposal. But this is not true as the GJM proposal has been circulated throughout the nationwide media,” Amar Rai, spokesperson for the eight-member GJM delegation, commented. GJM is now accusing the state government for delaying the political discussions and the whole process of bringing peace back to the Hills.

Now, what exactly is GJM demanding from the Centre in their proposal? According to Roshan Giri, “The proposed council ‘Gorkhaland Regional Authority’ or ‘Darjeeling and Dooars Regional Authority,’ will be an interim set up till December 31, 2011. The Gorkhaland Regional Authority seeks to have legislative powers on matters such as town and country planning, culture and mining of certain minerals.” Beside these, their demands include: ST status for all Gorkhas, constitutional sanctions, freedom from West Bengal laws, a separate high court, complete fiscal powers, Panchayat and civic body control, oOwn police force, separate public service commission, members of Gorkhaland Police (set up by GJM) be absorbed in the forces, waiver of all taxes between January 2007 and December 2011, withdrawal of cases against GJM activists.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

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Outlook Magazine money editor quits
Don't trust the Indian Media!

Friday, March 26, 2010

Will the new bankers please stand up?

After many years of waiting, Pranab Mukherjee says RBI will issue licences to new banks. Is the RBI on the same ground as Pranab Mukherjee? Evidently not! By Gyanendra Kumar Kashyap

Think of financial ‘inclusion’ in India, and you will invariably discover that financial ‘exclusion’ is far too conspicuous. Digest these for some evidence: out of the 600,000 odd villages in the country, only 5.3 per cent have a commercial bank branch, which translates to one branch catering to 26,000 individuals in rural areas. Even if we take the entire country’s population into consideration, only 40 per cent possess a bank account in India, as compared to 95 per cent in the US! The proportion of people possessing any form of life insurance cover is as low as 10 per cent, while those with a non-life insurance is an abysmally low 0.6 per cent. Only 13 per cent Indians possess a debit card, while the credit card cover is as low as 2 per cent. The most recent National Sample Survey Organisation, 2008, study reveals that out of the 89.3 million farming households in the country, 51 per cent did not receive credit from either institutional or non-institutional sources of any kind. Even where 33 million ‘no-frills’ bank accounts are claimed to have been opened, 89 per cent of these accounts are dormant today, as per KC Chakrabarty, Deputy Governor, RBI.

These statistics are perhaps sufficient to prove the extent of financial exclusion in the country. At the same time, there can be no second thoughts on remedial actions that need to be taken in order to unleash the power of fortune at the bottom of the pyramid. Perhaps, it was an admixture of these very glaring statistics, added to the recommendation of the S.S. Tarapore & Raghuram Rajan committee report that played the motivation pill for the Union Finance Minister Pranab Mukherjee, who promised to take a step towards altering this gloomy state of affairs. In his Union Budget 2010-11 statement, he said, “We need to ensure that the [Indian] banking system grows in size and sophistication to meet the needs of a modern economy. Besides, there is a need to extend the geographic coverage of banks and improve access to banking services.

RBI is considering to give some additional banking licenses to private sector players. Non-Banking Financial Companies (NBFCs) could also be considered...” Strong reason to smile for many, but the celebrations are still miles away, thanks to the dictionary which defines a ‘promise’ and a ‘policy’ very differently!
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-



Outlook Magazine money editor quits
Don't trust the Indian Media!

Thursday, March 25, 2010

Socialism is misconstrued

We still underutilise the allocation made for flagship programmes

The first Prime Minister, more known as the architect of modern India, Jawaharlal Nehru once said, “Socialism is... not only a way of life, but a certain scientific approach to social and economic problems.” How far the country justified imbibing socialism remains questionable but public expenditure became very popular with time, but without many successes though. India had poverty eradication, providing clean and safe drinking water and affordable housing facility as priorities in its first Five Year Plan, it is still fighting to achieve the same in its 13th Five Year Plan. Why so?

Well, the fact is that India has initiated innumerable flagship programmes. In fact, we have one of world’s biggest public expenditure programmes. The Central plan outlay for the year 2010-2011 is around Rs.415691 crore, good enough to face the current malaise for one year. But the problem is that a major portion of the allocations is underutilised. Data reveals a shocking reality. A total of Rs.12887 crore was allocated for the year 2009-10 for the most visionary Jawaharlal Nehru National Urban Renewal Mission while a mere Rs.3848 crore was actually spent which is merely 29.9 per cent of the total allocation when the country is still having urban housing shortage of over 25 million. Another Rs.8000 crore was allocated for the drinking water scheme, only Rs.3362 crore is spent, only 42 per cent of the allocated amount. Similarly, even in the case of one of the most imperative programmes, irrigation benefit programme, Rs.9700 crore was allocated but only Rs.3689 crore was actually invested, again 68 per cent of the fund remained underutilised. Even the Gramin VidyutiKaran Yojana is grossly underutilised by 42.8 per cent. More interestingly, the most hyped and popular programme, UPA led NREGA program which was intended to sort out the major problem of unemployment in rural India is 43 per cent underutilised. Surprisingly, a total of Rs.39100 crore was allocated for this scheme during the fiscal year 2009-10 where only Rs.22295 crore is actually spent. There is only one project where actual spending has crossed the allocation. The PM Gram Sadak Yojana, while Rs.12000 crore had been allocated for this, around Rs.13045 crore is spent, making 108.7 per cent of the allocation. About 40 per cent of funds allocated for flagship programmes, remain unused every year, which if used properly can bring a major infrastructural and social shift.
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Source :
IIPM Editorial, 2009


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

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Thursday, March 18, 2010

Law on the run

Fear has driven as many as 40 men of a special anti-Maoist police outfit to desert their posts in Orissa’s red corridor, reports Subrat Dash

Not one, not two, not three, but as many as 40 members of the Orissa Special Striking Force (OSSF) are on the run from Maoists.

These ‘brave’ men have been underground since last year after a blast masterminded by Maoist extremists. Along with the absconding policemen, a Micro UGI 9mm rifle has gone missing. The rifle, made in Israel, can fire 1400 rounds in a minute and costs Rs 5 lakh. It is the most sophisticated weapon in the armoury of Orissa police.

To save face, the state police honchos have done their best to keep the embarrassing information under wraps. But TSI has managed to ferret out the truth from sources in the know. This disconcerting story goes back to June 17, 2009, when armed Maoists captured the block headquarters of Narayana Patana in Koraput district. They obstructed all traffic leading to the place by cutting down big trees and dumping large stones on the road. Normal life was paralysed due to shortage of essential commodities. The task of freeing the place from the Maoists was assigned to the newly formed OSSF, a battalion of retired army jawans.

Narayana Patana is nearly 30 km from the district headquarters. Within an hour, the battalion reached the town’s entrance point to remove the road blocks. The combing operation started at 10 am, but was short-lived. Nine jawans of OSSF escorting an armed vehicle were killed in a powerful landmine explosion. In panic, 40 men of the special anti-Naxal outfit fled from the spot.

Fear psychosis is on the rise among policemen stationed in Maoist-infested areas. As many 22 of the 30 districts of Orissa are affected by the ‘menace’ of Maoism and policemen in these parts of the state are running scared. The challenge before the Orissa government is to re-examine the mental preparedness of its paramilitary forces as well as police personnel pressed into anti-Maoist operations. In the last two years, over 100 specially trained Orissa policemen have lost their lives in the ongoing war on Maoist extremists.

Government figures reveal that in 2008 alone more than 56 Naxal-related incidents occurred in which 74 jawans and 22 civilians were killed. Though government records are not available for the year, in 2009 more than 50 police personnel and an identical number of civilians were killed in Maoist attacks.

A retired police officer says: “Since the February 2007 Nayagarh attack, in which 15 policemen were killed by Maoists at gun-point, the morale of the Orissa police has been on the downswing. In the last two years, more than 200 police and paramilitary personnel have been killed by Naxals. In contrast, only 30 Naxals have lost their lives in the corresponding period. So the current fear psychosis isn’t an unusual phenomenon."
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Source :
IIPM Editorial, 2009


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

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Friday, March 12, 2010

Second green revolution?

Community seed banks to take on modified crops

Is there any solution to the ongoing BT brinjal controversy? Do we really need BT modified crops? These and other questions are being debated by farmers, food experts, politicians and multinationals. The proponents of BT brinjal say that it will herald a second green revolution. But the opponents argue that India can manage without modified crops because some farmers in Karnataka villages already practice community seed banks.

They cite example of farmers, like Papamma, who have already started a second green revolution. Her house is full of vegetation. Not an inch of waste land around Papamma’s house or farm can be spotted. “Do you see the black sprinkles on the leaves and the beans? That is cow dung water I sprinkled to avoid pests,” says the 60-year-old Papamma who lives in D. Kurubarahalli, a remote village in Kolar, nearly 90 KM from Bangalore.

Keeping farm green isn’t an easy task in hot weather. But Papamma has been managing it for almost 20 years now. She produces crops through organic way. Besides, the family is content with the yield they get from two acres and one acre of paddy field. In two acres, she grows almost 20 varieties of crops. “If we have sufficient water we can grow more than 50 varieties of crops in the farm,” says Papamma.

Kolar district which is better known for its extreme weather depends on rain for the crops. Moreover, the district doesn’t have any rivers. “We dug a well in our farm and we use this for the paddy field because it needs much water compared to other crops. So, even if it does not rain in the season we normally do not worry,” adds Papamma.

The family, which is known across the state as ‘seed bank Papamma,’ has more than 50 varieties of pure indigenous seeds. Displaying her rare collections, she says: “See this is the paddy that I stored four years back. Still it is good; you can either use it for sowing or husk rice out of it. Did you see the leaves on the paddy? They are custard apple’s leaves. They keep the seeds afresh.”

Adds Papamma: “These are brinjal seeds.” When asked why she has saved brinjal seeds in four different jars, she says: “In my farm I only have four varieties of brinjals…” What about the BT brinjal? Papamma’s answer was spontaneous: “No… see in my farm, I grow four or five types of brinjals, and in our village you can easily find around 45 varieties of brinjals, so just imagine how many more varieties India can have. People say it is a ‘technical’ brinjal. When we have enough variety of brinjals then why import BT brinjal and spoil soil and health? I do not think, we will need a brinjal 'which has been operated and injected to perform well.' It is not good for health. What we have is more than enough and I do not see any reason to welcome it.

“As I am following organic farming method, I may get a bit less crop compared to the farms which are using chemicals. But as far as my family is concerned, health is more important than profit. My farming is not a commercial venture."

“For almost a decade, we never purchased food items from the market, but fetch it afresh from our farm. I preserve the seed in the seed bank for the next crop. If the seeds are more, then we sell it in the market. Why should we say yes for genetically modified crops?”

Papamma and her husband Papanna do sand mulching also. She was taught organic farming by her villagers twenty years ago. But after some time, the villagers started using chemicals to increase their production.

Papamma, who did not believe in commercial cropping, just went on with her organic farming and stuck to the techniques taught to her during the training. Today, she is the main person in her village who leads the community in seed banking campaign under which the farmers are encouraged to store the seeds and avoid fertilisers.

Also, Papamma convinces rural women to adopt organic farming. Her work has been recognised by the state government. In 2007, the officials of the agriculture department honoured her with the Karnataka Rajyothsava Prashasthi for her contribution to seed bank farming in the state.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

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Don't trust the Indian Media!