Saturday, February 27, 2010

The first symptom of a not-so-great nation is its ungratefulness

But the Indian Army didn’t forget to honour the sacrifice of those young and brave men who were not fighting for any political formation, not for the government but for the country. It was inspiring to see the candlelit hills of Drass. But the real question is, why should we have a grandeur of a celebration only once in ten years? Why cannot we have a similar service every year for every victory of India? And why should it not be commemorated in every significant institution of India?

In countries like Israel, every student is taught about the dark days of the Holocaust and they are made to realise the sacrifice of Jews from the time of the Holocaust till date. It is important for India to tell its progeny about the likes of Vikram Batra, Vijayant Thapar and Sandeep Unnikrishnan and make them be able to distinguish between the real and selfless heroes from the surreal and fake ones, more so because India’s progeny is growing up watching ridiculous and meaningless reality shows where answering questions on one’s private life has become the definition of courage unlimited.

Indian media has been akin to the brother-in-arms with the armed forces to take the valour of young men to the nation. The act of the army and media vindicated why the spirit of India and its future is bright against all odds. Yet, one should not forget that each passing day, when the jawans of CRPF, BSF, CISF, ITBP and even men from the Indian Army give up their lives fighting terrorists of all shades, their sacrifice and valour is no less than those who died in Kargil.

But one still wonders, why is it so difficult for a trillion dollar economy to spend a few millions to provide our brave young men with bullet proof jackets? Vikram Batra and many of his brothers would have perhaps been alive then to narrate their stories. The storyline we have attempted to promote is the fact that patriotism is a leading reason for the members of our defence forces to feel unbelievably committed towards the nation and its people. At the same time, a forgetful nation – or one that does not pay enough back in emotion – faces the danger of having one’s own superheroes question themselves on whether they are really needed or not. And that, with true friends like Pakistan, is the last thing we need.

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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, February 26, 2010

NARESH GUPTA, MD, ADOBE india

I realised... if I pay them the ransom, my son would be back...

B&E: What was your first reaction when you discovered that your son Anant was kidnapped?

Naresh Gupta (NG): Obviously, it wasn’t a very happy moment for me or my family. Infact when the incident happened, I was in Hong Kong for business purpose. I immediately flew back and after some discussions with some of my close associates, we decided to hire an expert from Philippines. That was my first reaction and the first step I took. I didn’t want to compromise on anything and we decided that taking expert opinion and consulting was the best way to get out of the situation and get my son back, safe.

B&E: How were the state of affairs at home? You being the head of the family, did you get into that assurance mode that all would be set right?

NG: Of course not! I was as worried as they were, and I simply told them to handle their own tears. I had to be practical and had to keep my mind off all the grief and think clearly. I had to spend more quality time thinking about what can happen rather than waste time in grief, thinking about what happened!

B&E: So how did the family come to know about Anant’s kidnapping? NG: The family received a phone call stating the obvious. Then the police was immediately involved and I openly decided to involve the media as well. We were very open about it and hoped that telling the world would make it easier for us to nab the kidnappers. There were people telling me how two men on a motorcycle had picked up my son from where he would catch his school bus everyday. He was just in the pre-nursery standard then, and it would have been a rather easy task to kidnap a kid, who was totally unguarded, totally unarmed or forewarned.

B&E: So how did you proceed and how long was it before Anant came back home safe?

NG: The consultant told me very clearly that it was a business deal and that they would never harm the asset if I fulfilled their demand. I did just that. I had the consideration and I realised that if I gave them their price, without making any mistake or taking any foolish step, my son would be back with me. It took us three days, the deal was done and I paid them Rs.60 lakh. Yes, I paid them the money, and the deal closed. Anant was back home and all in my family were greatly relieved...

B&E: Did the event lead to any emotional or mental stress on Anant?

NG: Not really. He is rather proud about it and goes on telling all his friends his heroism when he was kidnapped. He explains the situation well and is rather proud to be the protagonist of the tale (Naresh laughs).

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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!

Wednesday, February 24, 2010

Resilient few who could beat the matrix

Coming back to Gladwell’s 10,000 hour rule, ergo, does it mean that the older your company’s existence, the more guaranteed your position is in the B&E Power 100 ranking? When Fortune magazine released its Fortune 500 list last year, iconic management guru Jim Collins, author of the cult book Good To Great, wrote in the cover story, “We live in an era of flux, where nothing can be built to last... In an era of turmoil, corporate stars will rise and fall. Of the 500 companies that appeared in the Fortune 500 list in 1955, only 71 find a place in the 2008 list! 2000 other companies have made it to the list and most are long gone from it...” We believed India Inc. was and is more resilient. We believed companies that are profitable in India, would more or less remain relatively similarly ranked in B&E Power 100 lists as years go by.

We were sure the Collins’ hypothesis would not apply to Indian companies. When the B&E Power 100 list came out for the year 2009, we realized how wrong we were. Out of the 100 companies that were there in our 2008 list, less than 80 find their way in the 2009 list – a churn of more than 20% for the last year. Yes, there are companies like Satyam that featured in our previous list and have not made it through the current one (for reasons other than losses; they’ve yet not released their results). But those are companies like MTNL, Biocon, Suzlon, Jubilant, Birla Corporation, DSP Merrill Lynch and more which, with their dropping out, prove that the Collins’ rule holds even across continents. In fact, the number one company on our current list, ONGC, is a brand new entrant (last year, the company couldn’t make it as it had not declared its results).

Be that as it may, a decade down, perhaps, we would find the resilient few who could beat the matrix at its own game. Perhaps, we would have case studies to show to the rest of the world on how to take the jump from the good to the greatest. Perhaps we would be able to finally corner the code that makes up the essence of an outlier. One day perhaps... For now, you have our smashing B&E Power 100 list, the only and exclusive ranking of the most profitable corporations India has to offer!!!
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IIPM Editorial, 2009


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

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Monday, February 22, 2010

Total companies jumped by our ceos

Interestingly, 45% (a clear majority) of the B&E Power 100 CEOs have only worked with the company that they are leading currently. 34% of them have job-hopped once, while only 21% have changed jobs twice or more number of times. Editor’s translation: 79% of CEOs have never jumped a company or have jumped only once. Loyalty pays, and here’s proof.

Ceo mba qualification

NON MBA CEOs 54% don’t have mbas but contribute to 44.4% to the gross profits of B&E power 100



MBA CEOs46% have mbas and contribute to 55.6% to the gross profits of B&E power 100

Though the count of MBA CEOs in the list of B&E Power 100 is lower (46%), their lot contributes 55.6% to the gross profits of B&E Power 100, while non-MBA CEOs contribute to only 44.4%! An MBA CEO does seem to be marginally performing better...

‘Young’ ceos

05%aged 45 or below The title for the ‘Youngest CEO’ is shared by two well-known names – Sanjay Chandra of Unitech and Malvinder Mohan Singh of Oscar Investments both 36.
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IIPM Editorial, 2009


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

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Saturday, February 20, 2010

Placenta on a platter!

Now motherhood is not being welcomed with flowers and chocolates alone, but with a sumptuous placenta meal too!

Anne Swanson was ecstatic at the birth of her second child. A resident of Las Vegas, Anne was well looked after at the hospital and was provided the best medical facilities to bring her baby into the world. But soon after, an incident made Anne sue the hospital – the hospital had refused to hand over her placenta! While most might cringe at the very thought, but the fact is, many mothers demand their placenta after child birth in order to ingest it, since it is believed to contain many nutrients and is also believed to cure post-partum depression.

Placentophagy (consumption of placenta) might sound bizarre in the modern world, but mammals usually eat their placenta after giving birth. Tracing back the origin of this practice, it was discovered that the placenta was consumed as a natural process to erase the evidence of birth from the predators in the wild, though the theory also remains refuted by many. This act has later been emulated by humans after a research suggested that the placenta prevents post-partum depression, is nutritious since the foetus receives nutrients from it and can also prevent other complications post pregnancy.

Also, not many would be aware that this blood-contained, gooey-looking organ, which is disposed off as waste after the birth of the child, is highly valued in many cultures. According to the Navajo Indians of the Southwest and New Zealand’s Maoris, the placenta is symbolic of life and individuality and, therefore, as a custom, it is buried with complete ceremonial rituals. Whereas Filipina women believe in burying the placenta along with books, trusting that this rite will help in making their child smart and intelligent.

Well, all this is pretty much believable, but imagine ingesting this vascular organ, which is attached to the umbilical cord of the baby and develops with the uterus and is discharged immediately after child birth! The idea didn’t really come as a surprise to Dr. Sonu Nigam, a gynaecologist, who informed, “During my brief period in England, I had come across people who would take the placenta home only because it was relished as a delicious dish.” But there was a slight sign of shock when he was asked if mothers consumed it for its nutritious qualities. “I haven’t heard of such a thing in India. Although this belief has existed with many cultures, it is strange that people today consume the placenta,” replied Dr. Nigam.

Among those who find this idea effective and not appalling are the Vietnamese and Chinese, who subscribe to the views of their age-old tradition, and have found interesting ways of consuming the placenta. The Chinese drink it as a broth after boiling the placenta, while some crush it and eat the powder. Very recently, placenta capsules have also begun to be prepared by certain chefs on order. “In India, people are unaware of the fact that the placenta can be eaten. Also, there is still no concrete evidence to prove that consuming the placenta actually cures postnatal depression and other complications. Placenta contains blood, which might carry infectious diseases such as HIV and Hepatitis. So, one must be aware of that as well before blindly following any belief,” was a piece of advice shared by Dr. Divya Bajaj, a consultant. Since science, technology and even culture in India is now being emulated from the West, one can never guess if all of those people who find this idea obnoxious today, might be relishing a placenta meal tomorrow!

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IIPM Editorial, 2009


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

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Friday, February 19, 2010

Delhi Metro; systemic losses

Pricing the Metro tickets low is ridiculous; is it a social service effort?

18 Sep-1 Oct ‘09 issue

Is Delhi Metro a costly mistake? Well, it surely will become a national heritage once it gets completed, but would it qualify on the strictest parameter of becoming a financially sound public transport model? Or has it been set up just to beautify Delhi’s landscape on taxpayers’ money? Let’s see some interesting facts.

The concept of metros has never been a profitable business proposition internationally. There are 135 metros worldwide but only four metros have been successful in making profits. These are Hong Kong, Taipei, Singapore and Tokyo. The Kolkata Metro is another example of a staid loss maker. If the financial year 2004-05 saw it incurring losses of Rs.43 crores, last year stood at Rs 48.6 crores (It earned Rs.48 crore from passenger traffic against operating costs of around Rs.91 crore in the same year). In other words, tax payers are paying for the inefficiencies of metro’s employees and processes. The Delhi Metro railway project is purportedly one of Delhi’s brightest projects. The first phase of Delhi metro is complete and the total cost stood at around Rs.10,571 crore. The estimated cost of the second phase is Rs.8,118 crore. In spite of having the lowest fares compared to other metros internationally, Delhi metro has earned operational profits of Rs.398.69 crore. Since there is hefty capital investment and certain amount of operating cost involved, it seems that it will take many years to make net profit.

Claude Jeanrenaud, Council of Europe member, writes in his report, Funding of Urban Public Transport, “Urban public transport systems are systematically loss making,” the reason clearly being pricing travel tickets lower than true cost in an ostensible effort to cater to lower income groups, a clearly misdirected strategy at the cost of other taxpayers. Delhi Metro was not and should not be considered a social service effort, especially when it is not free money that is going in. It’s time to price its tickets higher; ruthlessly!
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IIPM Editorial, 2009


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

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Wednesday, February 17, 2010

In the heart of the coal belt

BCCL township have undergone paradigm shift in the last four decades, but not all is well. Gyanendra Kumar Kashyap reports…

For the 42-year-old Brij Bihari Srivastava, life has completely been transformed in the last twenty years and he thanks the flourishing Bharat Coking Coal Limited (BCCL, a subsidiary of Coal India Limited) township at Jagjivan Nagar, Dhanbad. Brij Bihari is not an employee of BCCL. In fact, he is a fruit and vegetable vendor outside BCCL’s main gate. “When I came to BCCL, 20 years ago, there were merely 15 families to serve to, but today I cater to the demands of more than 300 families,” he says.

As I entered the township on that positive note, I was taken aback by the new pink coating on the houses; as if trying to prove a point that BCCL was in the pink of health (BCCL’s annual net loss stood at Rs.13.63 billion for 2008-09).

Dhanbad, an eastern town in the state of Jharkhand (carved out of Southern Bihar in the year 2000), which is home to BCCL, is the centre of mining activities in the Jharia and Raniganj Coalfield – meeting almost 50% of the total prime coking coal requirement of the integrated steel sector. The strategic location of BCCL is further enhanced by Centre for Scientific and Industrial Research Laboratories (Central Mining Research Institute, CMRI and Central Fuel Research Institute, CFRI) along with the popular Indian School of Mines.

Has BCCL has been able to leverage the presence of the research laboratories and the academic institution to its benefit? As I talk to Kalyani Devi (widow of an employee), who has been there for the last 40 odd years, on the changing scenario in the township I can see her eyes brimming with satisfaction over the developmental strides that the township has made. “There are number of issues, which have remained more or less the same, but for us housewives, availability of water is the greatest concern. And in this respect, BCCL has done enough,” says Kalyani. The water supply was once a week 15 years back. Now they are getting water supply everyday. But not all changes are for good. Kamla Charan Ghatak, a sexagenarian resident of Jagjivan Nagar, reminisces, “The township was more like a closely knit family, but I no longer find the same today, times have changed but I have no complaints.”

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IIPM Editorial, 2009


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

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Tuesday, February 16, 2010

Wind from the woods

The great Jolie-Pitt split!

News that Brad Pitt and Angelina Jolie’s relationship is over is doing the rounds, and not without reason too. The duo was spotted at the Director’s Guild of America awards in Hollywood recently. The couple did not walk the red carpet together, they seemed uncomfortable posing for snaps together and were evidently distant. Pitt, however, did well to cling on to his new and horrendous grey goatie! While they are known to be incessantly quarreling these days, what’s hilarious is that they have even been fighting over when to make their split public!

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IIPM Editorial, 2009


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

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Monday, February 15, 2010

Enemies in the shadows

As Sri Lanka negotiates the detritus of a long and tragic ethnic conflict, huge challenges loom over the tentative reconciliation process. TSI’s Saurabh Kumar Shahi reports from Vavuniya

Ponnambalam Ramanathan was part of Sri Lanka’s tragic war. That was a long time ago. He is part of the wobbly peace now.

Four years ago, when he was merely 27 yet a LTTE veteran of ten years, he accompanied a small assault team that detonated a bomb inside the office of a political entity off Colombo. That particular political party was a constituent of the government alliance then. Ramanathan does not remember exactly how many were killed – maybe six, maybe eight. He just remembers that no one was left. Those who survived the attack were shot point blank. He says he killed two.

Sitting inside a rehabilitation camp in a suburb of Colombo, he does not want to recall those days. He surrendered in late 2006 outside Vavuniya district and promptly threw away the cyanide capsule that he, and for that matter any LTTE cadre, was supposed to swallow to evade arrest. He is now learning carpentry and is almost impervious to any emotions. But he regrets the violence. “It added up to nothing,” he says philosophically. “I hope there will be harmony.”

Such optimism seems misplaced in today’s Sri Lanka. To overwhelm the LTTE, the regime had augmented the war machine to match the callousness of its opponent. It is now tackling the fallout of that war. As it confronts accusations of human rights abuses, the regime tries to alleviate the uncertainty and mistrust among ethnic Tamils after the disastrous conflict that lasted close to 30 years.

The president, therefore, has an uphill task of reconciliation before him. And these are pressing matters. In the refugee camps in the North many Tamils are still struggling to survive. Depending on who you believe, between 150,000 to 300,000 refugees still there. They somehow managed to survive the last stages of the battle. However, the end of the conflict has triggered questions regarding their future and the odds of co-existence between the Sinhalese majority and Tamil minority.

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IIPM Editorial, 2009


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

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Friday, February 12, 2010

Climate change

Here, too, I had had advance warning. Dr Chris Landsea, who is to hurricanes what Professor Bhat is to his Himalayan glaciers, had resigned from the IPCC’s list of authors when his lead author appeared on a public platform supporting an environmental lobby group that was claiming that the frequency and intensity of hurricanes would increase as a result of global warming.

Dr Landsea had written to the IPCC demanding that it invited his lead author to desist and apologise. The IPCC, however, did nothing – and went on to repeat in its own pages substantially the same lie that the lead author and the environmental pressure-group had been peddling.

Yet again, I was not surprised to learn that the IPCC had had to withdraw its erroneous assertion.

I have had several run-ins with the IPCC. On the day of publication of the 2007 Fourth Assessment Report, I noticed that IPCC bureaucrats had inserted a table into the summary that had not been in the final draft sent in by the reviewers. I contacted four senior IPCC officials at once and ordered them to remove or at least to correct the bogus table, which did not even add up correctly.

The bureaucrats, panicked by a leaked report in the London Sunday Telegraph to the effect that the report would reduce the IPCC’s high-end estimate of sea-level rise this century from three to just two feet, had inserted the graph themselves in great haste in the hope of demonstrating (falsely) that the rate of sea-level rise had recently increased. In fact, the apparent increase (from 8 inches per century to 12 inches per century) was an artifact of the change in measurement method from tide-gauges to satellite altimetry in 1993.

The IPCC, on receiving my letter, had at once moved, renamed, relabelled and retotalled the table so that it now added up correctly. But what is one to make of a supposedly scientific process where, after years of work by scientists, a handful of bureaucrats can simply insert data – and inaccurate data at that – without permission from any of the scientists?
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IIPM Editorial, 2009


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

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Thursday, February 11, 2010

Economists suggest that the fiscal policy requires precise macroeconomic policy

Economists suggest that the fiscal policy requires precise macroeconomic policy measures and cannot be realised without increasing revenue collection, going slow on the public sector and stimulating productivity. Rajapaksa, to his credit, has been able to uphold positive economic growth. However, it largely came from soaring government spending on the war and the public sector. The International Monetary Fund (IMF) wants Colombo to drastically bring down its budget deficit. IMF has warned Lanka that it may suspend its programme leading to withdrawal of overseas money in government securities and an expected demotion in sovereign credit rating.

However, in the agriculture sector, Rajapaksa has done some wonders. He has encouraged production of food items that were earlier imported from India and Pakistan. It is not for nothing that the rural electorate has backed him solidly. Similar measures in urban areas can bring much needed change.

Constitutional change will be put on the backburner. The executive presidency that makes one Sri Lankan virtually a constitutional monarch is something that disturbs every constitutional expert. There are also very dim chances of 17th Amendment getting implemented that would have appointed the four independent commissions for the police, public service, judiciary and elections.

“Rajapaksa has rather been very open about the executive presidency system. He will modify it a bit but the post remains,” says S.I. Keethaponcalan, a senior political scientist at the Colombo University. “The system does not want you to work independently. The President needs to work with the Parliament in tandem. All these years, they been working alone and that is something that is outside the constitution,” he said.

A key area of interest for India will be the foreign policy where it has been left high and dry following strengthening of bonds between the island nation and China. Hambantota is where China is building a $1 billion port that it plans to use as a refueling and docking station for its navy, as it patrols the Indian Ocean and protects China’s supplies of Gulf oil. “The concern of India is unfounded. Also, they have only themselves to blame, for the initial offer was made to New Delhi where India’s bureaucracy kept it languishing, similar to some of the other projects which Colombo had proposed to them,” justifies Kalyananda Godage, a politico-economic expert.

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IIPM Editorial, 2009


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

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Wednesday, February 10, 2010

every corner of Ahmedabad with benches

Immediately thereafter, Bharatsinh applied for information on works done in all wards of Ahmedabad city. As per the information he received, during 2005-2009, people’s representatives allotted Rs five crore to install benches. Bharatsinh raises a pertinent question: “Do our leaders think putting benches worth Rs five crore is synonymous with development?” He has complained to the vigilance department of AMC asking them to investigate the matter.

Ever since BJP won the AMC polls, the number of benches has only increased. TSI contacted businessmen associated with manufacturing and marketing benches in the city. A normal RCC bench costs Rs 1,100 but it can go down to Rs 900-950 if there are bulk orders. A China mosaic bench costs Rs 1,950 which includes transportation and labour.

“If one were to assume that half of the benches were RCC ones and half China mosaic, Rs five crore fetches more than 37,000 new benches,” an NGO worker, who did not want to be named, said. He continued, “Since there were already some benches prior to 2005, it is safe to presume that the city has 40,000 benches which seat 1,60,000 people. When you draw the number against the population of Ahmedabad city which is 40 Lakh, it is way higher than the national average or that in metro or non-metro cities.”

RCC benches are now a passe. Public representatives are opting for China mosaic, iron or steel benches. Nowadays, wherever a new park is being inaugurated, one can find attractive benches with a plaque bearing the name of the local corporator. Many benches lie broken or partially damaged. They have become homes for stray dogs. Some benches have been converted into garbage dumps.

In Bhaipura ward, that falls in chief minister Narendra Modi’s Maninagar constituency, many benches have been installed right outside people’s houses. Some benches have come up in the middle of nowhere. Some benches have been converted into tea or cigarette shops. Other heavyweights are not to be left far behind. In 2008-09, Ranip, Jodhpur and Vastrapur wards which are parts of the constituency of Gandhinagar, MP and BJP stalwart L.K. Advani and Gujarat home minister Amit Shah saw benches coming up at a cost of Rs 12,77,960.
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IIPM Editorial, 2009


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

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Friday, February 05, 2010

Humans have fallen prey to deadly diseases much easier than expected

Even in this modern 21st century, the number of people dying because of epidemics is more than people dying in wars or terror attacks. According to the World Health Report 2004, if 7.2 million people die of ischaemic heart disease every year and 5.5 million out of Cerebrovascular disease, then 3.9 million also die out of lower respiratory infections.

One of the deadliest diseases, HIV/AIDS, kills 2.8 million every year, with over 39.4 million people living with HIV today. Over 32.7 million die every year from just 12 leading diseases worldwide. The World Health Report 2004 further reveals that out of the 57 million who died in the world in 2002 out of diseases, 33.5 million died out of non-communicable diseases, 18.3 million died out of communicable diseases, perinatal and nutritional conditions (rest from other external injuries).

Though medical science is advancing, so is the emergence of new viruses; in just 39 years, 40 new viruses have emerged, including Ebola, HIV, H1N1, H2N2. Avian, swine, mouth-and-foot, salmonella... although we’re winning the battles, scientists accept we’re not even close to winning the war – in fact, some say they don’t even have an idea where the war is supposed to take place.

In the Pulitzer Prize winning book, Guns, Germs, and Steel, cult author Professor Jared Diamond proves how Eurasian cultures have ruled all the other continents by spreading their ‘germs’ within foreign populations, thus killing them en masse, consequently allowing Eurasians to gain physical superiority.

One hopes he writes an epilogue for his book for the 2000s, as for a change, those are animals that seem to be getting a physical superiority over us...

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IIPM Editorial, 2009


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

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Tuesday, February 02, 2010

The road not taken… well taken

B&E’s Pallavi Srivastava catches up with management graduates who looked beyond the traditional corporate career and took up non-conventional jobs... and that’s what made all the difference!

Five years ago, when E. Sarathbabu joined the MBA course at IIM Ahemdabad, he too just like thousands of other MBAs in the country had a dream of working in a plush and grandiose office of a big corporate house. However, destiny had something else in store for him. It was while doing his summer internship at Central Fuel Research Institute in Dhanbad that Sarath realised that he needed a different fuel to run his life. “While doing my internship I came across few statistics that made me think. When I came to know that more than 30% of the people in India live below the poverty line, I was taken by surprise. And that was when the seed to do something to change the situation cropped in my mind,” he tells B&E.

In fact, this was not the only reason that motivated him to take the road not taken by others. Sarath himself had had an early life of difficulties as he was brought up in a slum in Madipakkam in Chennai with four siblings; his mother being the sole breadwinner of the family. Thus, he could feel the plight of those 30% Indians. “I knew the best way to improve their situation was to give them decent jobs.” And that’s how this Chennai lad started off Foodking Catering Services three years ago with a vision to employ illiterate and poor people. Today, Foodking undertakes event catering, industrial catering, and institutional catering. It also has its own retail outlets. In fact, Sarath’s aim is to employ at least 1,00,000 people before he reaches the age of 50. But it was not an easy call for Sarath to reject the lucrative corporate jobs and start his catering business. He admits that he was in a dilemma whether to do something for the social cause or opt for a corporate job. “I thought if I take up a job, things will be good only for my family.

But if I start a company for a social good, things will be really good for the families of the hundreds of people whom I am going to give jobs,” says Sarath. However, Sarath’s efforts to serve people don’t stop at Foodking. He feels that politics is also one of the strong platforms to serve the people and that’s what motivated him to contest for the General Elections from Chennai as an independent candidate early this year.

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IIPM Editorial, 2009


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

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Monday, February 01, 2010

Dublin up on the fun!!

It’s often said that if one has to make a historical film, Dublin would be the perfect location. A place which inspired prominent literary figures like George Bernard Shaw, Samuel Beckett, Oscar Wilde, Jonathan Swift and many more is the perfect haunt for those who admire poetry and are poets at heart. The largest city and the capital of Ireland, Dublin also finds a mention in the writings of the Greek astronomer, Ptolemy, indicating that the earliest clues of human habitation were found here. And, indeed, on stepping foot in this Irish city, one can sense the spirit and celebration of ‘olden times’ floating in the air.

In Europe, any celebration is incomplete without downing drinks, and this is particularly true for Dublin; every happy moment is a celebration which allows its residents and visitors easy access to the watering holes which are aplenty in the city. So ideally, one could enjoy a visit to several museums like The National Museum of Ireland, and libraries throughout the day and after penning down a poem or two (if you so please!) at the banks of River Liffey, head straight to Harcourt Street, Wexford Street or Camden Street to relax at the pubs. It is also very interesting to grab a corner table and observe the youthfulness of Dublin's nightlife. Bestowed with rich culture, evenings in Dublin are replete with entertainment. Apart from the buzz of the pubs, one can also watch musicals and plays at the theatres in the city centre. The Gaiety, the most popular theatre in Dublin, hosts many musicals and films; so do the Abbey, the Olympia and the Gate, the other well known theatres in the vicinity.

One activity that makes the visit of every tourist complete is shopping, and Dublin offers plenty of options. The Dublin city centre is a shopper’s delight where one can purchase all sorts of stuff – from branded to the local Irish clothing – and other keepsakes. If your vacation includes some heavy-duty shopping, then it’s recommended to spare a day to visit the shopping hubs like Grafton Street, Stephen’s Green Shopping Centre and Henry Street.

Dublin is also one of the most sought after destinations for higher education in Ireland. With as many as three universities and several other institutes for higher education, one can find a lot of chipper young students in the city. In fact, Dublin is a rather young city, what with almost half the population being below 25 years of age… So get your act together to be in step with the vibrant inhabitants of the city of Dublin.
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Source :
IIPM Editorial, 2009

An IIPM and Professor Arindam Chaudhuri (Renowned IIPM Article

Source :
IIPM Editorial, 2009


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

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