Monday, August 31, 2009

VP singh - Contrarian to the core

It is ironical in a way that VP Singh – who hailed from a royal family – always had power within his reach but when he actually laid his hands on it, it drifted away from him. That happened partly because of his fickle-mindedness and partly because of his zeal to take up the cause of the poor and downtrodden. One such example comes from very early period of his life when impressed with Vinoba Bhave’s Bhoodan Movement, he donated his entire inheritance in land. He had to bear the ire of his family.

He started his political career as a young socialist under Hemvati Nandan Bahuguna but defected to the Congress with Chandra Shekhar. During the Emergency, he supported Indira wholeheartedly. He was made UPCC chief and later Chief Minister of the state. But when the time came to enjoy power, he had a tiff with the PM over the Moradabad riots. Indira blamed the state government. VP thought otherwise. He resigned and announced it through a radio journalist from Allahabad, in true VP style.

He earned the trust of Rajiv Gandhi but took on the latter’s friends, Amitabh Bachchan and Dhirubhai Ambani. Rajiv removed him from the post of Finance Minister. A peeved VP dropped the Bofors bombshell. He switched allegiance once again and was made Prime Minister by Jan Morcha. Here, too, he carried on with his rebellion. He revived the dormant Mandal Commission report and implemented its recommendations. People still remember him for this final act of his, but he was a bigger rebel than he is perceived to be.
For Complete IIPM Article, Click on IIPM Article

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

Wednesday, August 26, 2009

"IIPM Press Article" - JLo’s ‘happily ever after’…

One of the most desirable divas, Jennifer Lopez, has recently made some surprising revelations about herself. The 40-year-old actress is computer illiterate and hates to even go near them! She also admitted that her marriage with Marc Anthony and parenthood has changed her a lot, but it hasn’t helped her overcome her fear for darkness. Now, a mother of twins, JLo has apparently found the perfect life with hubby, Marc, and her tiny tots. With the escalating rate of celebrity divorces, here’s someone who can give lessons on leading a happy family life!

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2008

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

Wednesday, June 17, 2009

Operation blue star - "IIPM News"

As a index of business confidence, what could be more revealing that the decision by India’s leading industrial houses – the Tatas, Reliance, Bharti – to make colossal investments in the state. Bharti chief, Sunil Mittal who is famous for transforming the telephone landscape in India by introducing mobile phones, now wants to bring about Punjab’s ‘second’ agricultural Punjab farmers will be growing the fruit, vegetables and herbs that will be sold in retail outlets all over the country.

Mittal wants to export Punjab’s produce. Reliance, which has mammoth retail plans for a nationwide chain of supermarkets, is also planning to source its fresh supermarket produce from Punjab.

The situation as we (I and Mark Tully) saw it in our book `Amritsar, Mrs Gandhi's last battle' has changed. ``The Punjab crisis showed just how unsuitable the institutions of the Raj were for coping with the problems of modern India. The police were helpless because their ranks had been undermined by years of inadequate pay and its corollory, corruption - both features of the raj's police force too.'' Quite a sea change nearly three decades down the line.

'Bhindranwale more popular than Bhagat Singh'

Daljeet Singh Bittu belongs to that breed of separatist leaders who have greatly influenced young minds. In the 1980s and 90s, he remained underground for 10 years and played an important role in continuing the movement for an independent Sikh nation. After his arrest in April 1996, he spent ten years in prison at Nabha and Tihar jails, as guests of the Indian state. After his release, he has worked towards reigniting the old fire in the youth by democratic means. The aim, though, remains the same: a separate Sikh nation. He spoke to Anil Pandey on the critical decades beginning with Operation Blue Star to current developments.

Your take on Operation Blue Star?

Instead of calling it Operation Blue Star, we term it as an attack on ‘Darbar Sahab’. It was an attack on Guru Granth Sahab, Sikh identity and Sikh nation. We can never forget this attack. We want to carry on the wounds inflicted as an inspiration for our demand for a separate nation. Akal Takht and Darbar Sahab have been attacked before as well. Sikhs never forgot it, instead they took revenge.

Military action was taken against terrorists hiding in the Golden Temple.

Jarnail Singh Bhindranwala was not a terrorist but a great Sikh. He gave a new definition to Guru Granth Sahib. The state may consider Bhindranwala as terrorist, but the common Sikh accepts him as a priest warrior who revisited Sikh glory. He was and will remain to be a hero for Sikhs

There is no evidence of popular support to a separate Sikh nation. Does it mean the movement is dead?

No, this movement is not over. Instead, it is just below the surface. Even today every Sikh prays ‘Khalsa will rule’ (`raaj karega Khalsa’). If you want to know the truth of this movement, then go talk to the youth. You can see pictures of Bhindranwale on the mobile phone screens of students, his songs set as ring tones. His pictures are sold even more than Bhagat Singh.

Is formation of a Sikh nation not anti-Indian?

This demand is not against Hindus or the state. It is being wrongly presented. Establishing Khalsa rule is the desire of every Sikh. Khalsa rule means life as per Sikh religion. But, instead of giving us our rights, the government commits atrocities. During the process of being underground, whichever house I lived, police killed those people brutally.

Will you ever again pick weapons to get your demand accepted?

See, the method to fight depends on time. At present we are demanding our right according to democratic means. But if the situation becomes like the one in 1984 then this method can change.

Do you feel that Indian government will accept your demand?

Establishing a Sikh nation is difficult but we will achieve it.

Is it right the way you use weapons for your demand to be accepted?

Our Sikh religion preaches the use of arms against injustice but not for exploitation. Kripaan is put before the Guru Granth Sahib as a symbol of weapon. We have a tradition of Raaj kare ya lad mare (either rule or die).

Bhindranwala used the Golden Temple as his hiding place.

During the wars against Mughals, Sikhs waged it by taking refuge in the guru’s dwellings or gurudwaras. Bhindranwala also started living in Golden Temple only when he was attacked six times in two months. He had fear of getting killed by the police
For Complete IIPM Article, Click on IIPM Article

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

Thursday, January 29, 2009

Dreamless in downturn!

Following the meltdown bank lending has fallen drastically. The alternative options aren’t easy either, says Sunanda Roy


Bang#@$! That’s what you must be hearing by the time you read this. Yes, your dream house, dream car, dream travel plan and so many other dreams (definitely, those supposed to be funded by bank loans) have just been hammered to pieces by the bankers. Wondering how? Well, just try to avail a loan today, and you get to know everything. The prevailing loan situation is worth pondering over - loans are becoming dearer day by day, with banks adopting stringent norms and tightening all loopholes. After all they also don’t like to risk their money, when the whole world is going gaga under the financial crisis and liquidity crunch.

Their cautiousness can be well judged from the fact that subsequent to the slump in realty markets, banks have nearly doubled the margin money (the percentage of purchase price that the buyer has to get to the table) for home loans to 40% from the prevailing 20-25%. That simply means that for buying a house a bank won’t lend you more than 60% of the purchase price. Looking at the ongoing crisis, banks now want to make sure that even in the case of a sharp fall in prices and a default on part of the borrower, they should be able to recuperate the loan amount. And this has come at a time when high interest rates have already made house purchases dearer. Private as well as Public - many banks, if not all, have augmented the margin money by 5% to 25% depending on the amount borrowed. However, the best news for many is the fact that the country’s largest private lender ICICI Bank has not changed its margin money requirement yet. “We have not made any changes in the margin money requirement for home loans. We have been fairly prudent in our lending process,” said an ICICI Bank spokesperson.

All the segments in loan portfolio have seen some recent slowdown. The latest numbers from auto majors show a decline in sales, and undoubtedly scarcity of loan providers can be termed as a reason for the same. In case of home loans and car loans, most people have postponed their purchases. Educational loan is usually not something you can afford to postpone – so that’s left aside! However, banks are taking rigorous actions to guarantee that only borrowers with sound repayment capability are extended the advances. The tough loan apparatus and higher margin condition have definitely put a check on the practice where house buyers could borrow roughly the full sale consideration, up to 85% of the price in loan and the balance for furnishing the house. Harsh Roongta, CEO, Apnaloan.com told 4Ps B&M, “Of late demand has certainly come down a bit on home loans, with changes in the eligibility criteria, there has been mismatch of demand and supply in the loan appetite, be it home loans, car loans or personal loans.”

For a loan seeker, for sure, this is the right time for a soliloquy - am I taking this loan for the right reason, as the interest rates on most floating rate loans, be it home, car or personal, have also escalated by almost 3-4% in last couple of months. On the other hand, the soaring inflation has made cost of living go up. Considering all the points, it’s definitely advisable that with more mess, to mess you up, like job instability and declining income it is better to avoid a financial mess at the moment.

In general, housing loans are considered safe as one is investing in an asset. And in case of any trouble one can readily sale it off at an appreciated price to recover his money and along with some profit. But the ongoing correction in housing prices has put that philosophy in jeopardy. Hence, one must be patient before you decide to go for a loan and buy a property.

So, would we thus conclude that the credit crunch is somehow crunching down the loan disbursal by banks and the capacity of people to obtain it? Well, as per Anil Mascarenhas, Editor, India Infoline, “Recent months have seen a crunch. But the situation will gradually improve with the RBI’s latest measures over the weekend.”

Banks are cautious, and customers are dubious. What shall be done then? If even after reconsidering the need for a loan one finds out that there is actually a requirement, then where does one get to avail such need of the hour? Though limited in number, there are few alternative options available actually. The first and foremost which comes to mind are the next door money lenders. But then be prepared for an unbelievably high rate if you go for it. It’s adviced only when banks decline to end someone. A loan from peers in times of need could well be an option to ponder over. But considering the crunch, the difference between possibility and probability apparently seems to be on the higher side. NBFCs present themselves as a good option, but again their operational credentials need to be known. For tiding over short term needs people can avail of overdraft facilities and credit card loans. In the worst case scenario one can alternatively pledge their assets including home and jewellery and even encash their fixed deposits to realise their dreams. But as mentioned it’s too harsh an option to abide by.

Interest rates could, however, may come down soon - making loans cheaper and saving less attractive as the central bank has cut the rate at which it lends short-term funds to banks by half a percentage point apart from infusing an additional Rs.1,200 billion crore into the banking system. On the other hand, stress on banks to slash rates has risen sharply in the past few days with the RBI making clear that the crisis could only be resolved if banks followed up with measures to enhance demand and maintain spending. But still it’s a distant dream, till then let’s wait and watch and put a control on our dreams. Else, again we will get to here something like Bang@#$!
For Complete IIPM Article, Click on IIPM Article

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

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

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Tuesday, January 27, 2009

Virtually yours... in our 2nd lives! - "IIPM-News"

Siddharth Banerjee, CEO & Founder, Indusgeeks Solutions talks about why the virtual world holds great promises for marketers and brands alike...

Virtual worlds like Second Life burst onto the digital marketing scene in early 2006 and since then it’s been a roller coaster ride for marketers. In the early days most marketers correctly realised the potential of this medium to immerse their audiences in to the brand narrative but could not implement or create an effective virtual marketing campaign.

As virtual worlds continue to grow and their registered user base touches about 400 million users by some estimates; it’s increasingly important for marketers to understand what works in these worlds.

Virtual worlds such as Second Life are a hybrid of web and contact marketing. They combine the advantages of technology and latest web trends like social networking, video sharing with the proximity and immersion of contact marketing. They create engaging user experiences being entertaining, interactive and immersive.

Second Life vs. Other Virtual Worlds...

Although Second Life started it all, but it isn’t the only virtual world out there. There are many others like There (used by Coke and MTV), Gaia, et al. The choice of a virtual world or a combination of them that is best suited for a brand depends on the demographics, target audience, customer experience, et al, just as in the case of traditional web marketing. Virtual worlds can also be custom created for a brand and allow embedded brand advertising – Barbie Girls, Lego Universe are popular flash based virtual worlds targeted at teens and youth across the globe.

Branded and interactive virtual worlds can be effectively used to create loyal communities around brands. Long term community interaction, for instance Sunsilk’s ‘Gang of Girls’ – is essential both for community as well as marketing. Interactive virtual worlds can also be integrated with existing online communities such as Facebook (YoVille – Flash based virtual world application on Facebook which has about 1,50,000 daily users).

That brings us to another potentially interesting application of virtual worlds – distributed virtual worlds or embeddable virtual worlds.

Using Embedded Virtual Worlds...

So far most of the popular virtual worlds like Second Life, There, Gaia, et al are client-based as opposed to browser-based applications. But with the growing popularity of the medium, a need to embed these virtual worlds into browsers is growing. This is especially relevant for web marketing and network marketing purposes. Just as social networking platforms like ‘Ning’ and Google’s ‘OpenSocial’ make it possible to host a social network on your own website/portal as opposed to walled gardens like Facebook; distributed virtual world platforms created using Flash, Java, et al allow virtual worlds to be hosted on a company’s or an individual’s website.

This leads to the usual networking effects witnessed in social networks wherein a friend can be invited to hop onto your virtual space on your website which is in turn connected to a whole grid of such spaces allowing for both public as well as private virtual experiences. Embeddable virtual worlds are in the early stages of development and their growth will have a significant effect in using virtual worlds for digital and interactive marketing.

For Complete IIPM Article, Click on IIPM Article

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

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

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