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

Friday, July 02, 2010

Sound of music

The multi-faceted and free-spirited Sophie Choudry returns with an album of original tracks, and a brand new channel on YouTube. Aakriti Bhardwaj in conversation with the remix queen of India

You have studied at the esteemed Sciences Po Paris and LSE. How did a career in veejaying and music happen?

I was a very good student, I got four A’s for my O level. At the same time I was determined to become an actor. Whilst I was studying, Biddu, who is my mentor and guide, launched me in a girl band Sansara and that’s when we first came to India for work and did the videos for Yeh dil sun raha hai. It became really popular but like most girl bands we couldn’t stand each other! Then I went back to complete my graduation.

With your latest album Sound of Sophie, are you sort of returning the favour to Biddu?

Not at all! Biddu is the man who launched me, I did my first two albums with him, he’s the reason I moved to India. It was Biddu who said, "Kid, you need to move to India for one year and see what happens if you are serious about this." In one year, I became a VJ; Babu chhail chhabila happened. He has done me a favour in Sound of Sophie as he’s completely retired from music and the last song he composed was If I can’t have you for my album.

Of your various pursuits – music, dancing, acting, modelling, anchoring – which one is closest to your heart?

It is really hard to say. Veejaying was wonderful; it made me a household name. Acting is exciting; you wake up being someone different all the time. Singing is really the extension of who I am. That is where I creatively express who I am. I think singing gives me a three dimensional way of enjoying it: one, for the music; two, my music videos are like mini movies and I get to fulfil my fantasies in there, and three, for my live performances where I instantly reach out to my audience.

Has there been a conscious effort to steer clear of remixes?

The reason I had to produce this album is because I did not want to do any remixes. When I did Ek Pardesi, it was so big that I don’t think I’ll be able to repeat that kind of success. I really think that phase is really done with. Today, film songs are becoming remixes. “Aa Dekhen Zara” did a remix. If the film people are doing remixes then I don’t think pop artists need to do it; pop artists need to create something original.

You are the first in India to be signed by YouTube to launch an official celebrity channel. How do you feel about it?

I am having a ball with the channel. I have got all these subscribers and I have got thousands and thousands of ‘views’! I have only been active on it for a month but my video uploads have already had 200,000 hits. I am considering breaking my second video on YouTube exclusively.

Tell us about your forthcoming film Alibaug.

I’m grateful to Sanjay Gupta for giving me such a beautiful role. I play a girl called Nisha, and everybody feels that her life will turn out to be perfect – she marries her college sweetheart – but ends up going through a divorce. She transforms into ‘real’ woman – strong and independent. She is a practicing psychiatrist whose own life is pretty complicated but she handles it with a lot of grace.

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 30, 2010

Killer roads take a toll

Experts attribute road accidents to overspeeding

Some twenty-five passengers were injured when a bus collided with a truck on the NH 31 at Pathsala in Barpeta district on the night of May 16.

Nearly fifteen schoolchildren were injured when a school bus (AS 15-1616) fell into a ditch on May 22 at Burah in Darrang district.

Local dailies in Assam unfailingly reports about such road accidents. According to government statistics, during the past one decade road accident cases have doubled in the state. In 2000, some 2,429 road accident cases were reported. But the figure increased to 4,869 in 2009. Accidental deaths in 2009 were 1,991 as against 1,032 in 2000. In comparison to all India level, Assam shares 44 per cent of accidental deaths.

In Guwahati city, some 626 motor accident cases took place in 2007; 626 in 2007; 641 in 2008 and 508 in 2008. Among districts Sonitpur registered a maximum 363 accidental cases in 2009. Lower Assam’s Dhubri district and Barak valley’s Cachar district stood second and third with 346 and 306 accidental cases. Out of 4,686 accidents taking place in the state in 2008, as many as 2,683 accidents took place on national highways; 849 were on state highways and the remaining 1,151 on other roads of the state.

City Superintendent of Police (Traffic) Bibekananda Das told TSI that the traffic branch of city police is compiling last five years’ data of road accidents to study them. Only after completion of the process, decision could be taken to prevent accidents, the newly appointed SP (traffic) said. Traffic experts attribute road accidents to overspeeding and even increasing cars on the roads. “Untrained drivers, fake licence holders and absence of civic sense among people are also responsible for increasing number of accidents,” Violet Baruah, SP (CID) told TSI. The problem is further compounded when some drivers don’t obey traffic rules, she said.

According to the rule, mobile phones should not be used during driving and seat belts should be fastened, but only a few people obey them. Drunk driving is also responsible for several road accidents 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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Saturday, June 19, 2010

Blood spills at Lampi

Four Khasis perish in the violence that rocked the area

The border dispute between Assam and Meghalaya has been resolved. But before that the Lampi area of Boko town in Lower Assam was rocked with violence in which at least four Khasis lost their lives and more than twenty people, including four police officials, sustained injuries.

This was not a one-off incident. Border disputes exist in several places of Assam mainly at Merapani area of Golaghat district and some places of Sivsagar district in Upper Assam area. The locals in these areas don’t know when violence will erupt. However, the Lampi incident that took place on May 15 grabbed headlines. More than hundred Khasi people armed with sharp weapons attacked the local Nepalis of the Lampi area. Besides, they also attacked a battalion camped in the area. “When the Khasis didn’t surrender after several warnings, the Assam police opened fire to control the situation. The government has ordered a magisterial inquiry into the incident,’’ says revenue minister of Assam Dr. Bhumidhar Barman, who visited the violence-hit area with state health minister Himanta Biswa Sharma to convince the locals to end violence.

Also, the disputed area of Lampi was discussed with the deputy chief minister of Meghalaya and a few other representatives of the Meghalaya government. Though the hilly area comes under the Boko police station of Kamrup rural district, the Khasis of Meghalaya have been claiming Lampi as integral part of Meghalaya. The Khasis residing in 13 villages of Lampi area always identify themselves with Meghalaya. And they also force the local Nepalis to associate themselves with Meghalaya. Some locals said this creates rift between them.

Concerned with the development in Lampi, the Indian Government reviewed the situation and dispatched a senior officer of the Ministry of Home Affairs to the area to discuss the matter with both the Khasi and Nepali communities. Official sources say Union Home Minister P Chidambaram — scheduled to visit Assam shortly — is likely to discuss the Lampi issue with the government. Other officials who visited the locality included deputy secretary of Ministry of Home Affairs Ajay Kanojia and Deputy Commissioner and Superintendents of Police of both Kamrup rural and west Khasi Hills district. Kanojia said both the governments of Assam and Meghalaya are making efforts to resolve the boundary disputes. Besides, people of both the communities submitted a memorandum to the government. The Khasi people want the government to set up a police outpost of Meghalaya police for their security and safety.

Dr. Barman says: “The decision of the Supreme Court will be regarded as the final regarding the border dispute. Police presence in the area has been increased and two new police posts have been set up in the area to maintain law and order.”

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

Here to stay

After being in news with Hrithik Roshan, Barbara Mori is all set to conquer the Hindi film industry with the “Baadshah” of Bollywood, Shah Rukh Khan. She was introduced to Shah Rukh and Gauri Khan by the Roshans and was floored by their hospitality. In fact, she wishes to work with SRK as the lead actor in future. This Mexican beauty doesn’t consider herself much of a dancer. In fact, a Bollywood style dance sequence was shot with Barbara but was later deleted as it didn’t turn out well. And we thought all Latinos moved like a dream!

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

‘Delays are part of huge deals’

Air Chief Marshal (retd) Fali Homi Major talks to Mayank Singh

What do you have to say about the delay in acquisitions?

There is no other way and it is bound to happen. We need to understand that these are important transactions and huge money is involved. Plus, there is the issue of international politics and foreign relations. Extensive and rigorous trials are also required before India makes up her mind.

By when do you foresee the Air Force at its optimum level?

By 2022, we will be completing our modernisation process with all kind of acquisitions getting completed.

What is your analysis about the way the MMRCA deal is going?

See, the more the competition, the wider the choice we get. The role of the air force is to pick the best.

What is your analysis about the competition for MMRCA?

It’s going to be an extremely difficult call. Only after the rigorous trials are completed, we will get a clear picture. It is not wise to speculate before that.

Do you believe the time of fighter pilot is coming to an end?

I don’t see that in the next 60 years. Whether it’s a drone or any other kind of machine, they cannot take last-minute decision.

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, June 14, 2010

Cardiff calling!

After the success of “3 Idiots”, while Aamir Khan and director Rajkumar Hirani got a roaring applause from the Indian audience, actress Kareena Kapoor’s rising popularity with the film has even landed her an invitation from the UK. So these days, Bebo isn’t spending time reading scripts, but is working on her script for the students of Cardiff University where she would give a talk about showbiz. The size zero actress’ life has been rocking since “Jab we Met” and well, it sure looks like Saif’s her lucky charm!

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, June 07, 2010

Rise of Ethical Gambling

The recently opened Sands Casino at Marina Bay, Singapore seems to be a perfect 'Asian' answer to Las Vegas casinos. The USD 5.7 billion project by Las Vegas Sands Corporation is all set to become South-east Asia's new gambling and tourism hub. There's no doubt that the incumbent government is eyeing tourism as a source of revenue to foster Singapore’s development and growth plan. The Sands Casino will play a major role and go a long way in luring foreign tourists to Singapore. However, the casino is quite different from other traditional ones. Singapore's new casinos have taken steps to ensure that no permanent resident of the country gets addicted to gambling and loses his savings or earning. The Marina Bay Sands Casino, (the world's second most expensive casino) and Genting's Resorts World Casino at Sentosa is estimated to generate nothing less than USD 3.5 billion by next year. For the uninitiated, Las Vegas’ annual gambling revenue (thanks to their 37 casinos) stands at USD 6 billion while Macau’s 31 casinos collectively generate around $13 billion annually.

A cloud of apprehension, thanks to the new and upcoming casino culture, can be easily felt across the country. The Singapore government has put in place possible measures to contain such apprehensions and check the social-ills of the game. In order to discourage locals (the permanent residents) from going to the casinos often, the government has imposed an entry barrier of 100 Singaporean dollars (this allows them to stay inside the casino for 24-hours straight). Those suffering from bankruptcy are banned from entering the casinos. Another measure taken by its authorities to save families from the perils of this money-looting game, is to install free telephone connections where families can call and ask for their family member to be banned from entering and playing in the casino. There aren't any such severe restrictions on foreign tourists. However, under the National Council for Problem Gambling (NCPG), parents of adult foreign students studying in Singapore can apply for a family exclusion order, if they fear that the student can cause financial harm to the family because of gambling. Moreover, almost all casinos are part of integrated resorts, and thus no casinos can discreetly advertise themselves within Singapore but can only promote themselves as 'integrated resorts'.

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, April 26, 2010

Death-row prisoner seeks court’s permission to sire child

Gursharan Kaur Maan, counsel for the couple says: “Both have asked the court to allow them conjugal rights in the jail. This has been allowed to prisoners in many developed countries.” But Jeevan Garg, superintendent of Patiala Central Jail, doesn’t agree with her. He says: “We have no such precedent. So far, we have not received any instruction from the seniors.” Lawyer Maan is not ready to budge. She argues: “In their case, the demand is not for personal sexual gratification. Jasvir is the only son of his parents and they wish to have a child to save the lineage.” The issue that has grabbed headlines across the country has divided society. Some people are fiercely opposing it.

They say child killers should not be allowed to have a child as the crime strips them of their civil rights. However, others argue if the purpose of punishment is to reform the culprits then they should be allowed conjugal rights for the sole purpose of having a child. All eyes are on May 24 when the Punjab and Haryana court hears the case. A positive judgment may have a long-term impact on prison laws and human rights in India.

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, April 19, 2010

Vishal Retail has been under the storm for quite some time now

The logic was that once they expand, and have the topline, they could hit capital markets again to fund expansion and retire short-term debt or convert into long-term debt. But before it could materialise, the Lehman Brothers collapse happened. Anticipating its expansion, Vishal had placed orders with suppliers (in apparels, Vishal had to place orders six months in advance). When stores did not come up, deliveries piled up and consumption slowed (industry sources say Vishal was also talking to some private equity investors who withdrew at the last moment). The supply chain got choked and the result is in front of us.

However, recently, Vishal has done its bit in solving this issue. In fact, the results are visible. While sales have shown a growth of 30-40% in the last two months as compared to same month last year, bad inventory levels too have gone down significantly. “We have almost cleared our entire dead, slow-moving, broken, pilferage inventory and now we are operating with an inventory level of just 60 days. We think this is the best STR in the Retail Industry currently,” says Agarwal.

While sales may have started showing green shoots of revival, bleeding bottomlines are still a hug roadblock in front of Vishal Retail to steer clear of its rough path. Moreover, the debt problem remains as big as it was earlier. Although efforts are in progress to save Vishal from becoming another Subhiksha, it really needs a hard-hitting turnaround strategy to live up to its name … and this certainly comes in form of TPG. Reason: Like other retailers, the problems for Vishal Retail remain more or less the same; but unlike most others of its clan, it is not supported by any cash-rich parent.

Vishal Retail’s total debt obligation is about Rs.7.3 billion, of which Rs.1.4 billion is high-cost short-term debt. Even the rate of interest, which the company is paying on this debt, is between 14-16%. So, with an interest coverage ratio of about 1.5 and estimated debt-to-equity of about 2.66, the company certainly faces an uphill task. Agarwal certainly needs the support of a private investor, be it TPG or some other, to really get out of the woods.

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 16, 2010

K. R. KIM

The Vice Chairman & CEO, Videocon Industries (formerly LG India head), takes a break from company matters and talks to B&E’s Deputy Editor Virat Bahri, on his unique perspectives of how India and Korea can help each other achieve their objectives

B&E: You have been in India for the past 12 years. What is your view of the Indian economy’s transition and also about its future?
KRK: For the next 30 years, India and China will play a big role; be it politically or economically. The challenge for China in the next 30 years will be how they can improve the political situation and how they can convert to a democratic country in a gradual and stable way and in a peaceful manner. For India, the challenge in the next 30 years will be how India can maintain a 8-9% GDP growth to get out of poverty. Which is easier? India’s challenge to grow continuously by 8-9% will be easier than China’s democratic transition. Political change is much more difficult. India did a good job post independence to maintain a democratic system; not a 100% perfect system, but who is perfect? India has a good foundation in its political system. Now it is the time for India to grow.

B&E: What are the similarities and differences between India and Korea as markets?
KRK: All three countries (China, Korea and Japan) are built on military culture and discipline. Even the weather is very different. Winter is very cold in Korea. Climate also changes the people’s mindset. India is a semi-tropical area where most areas have very less winter. It means an easy life; and is good for philosophy! On the other hand, the key similarity is the mindset of being Asian. In Asian countries, basic philosophy is Buddhism. Hinduism and Buddhism are 90% similar. So philosophically they have a common ground.

B&E: India and Korea have signed a historic free trade agreement. How can the two countries leverage on each other’s strengths?
KRK: If you see Korea and India, what Korea did in the last 30 years was hard culture development – manufacturing, discipline, product oriented. Korea improved a lot over the last 30 years. During the Korean war, Korea received aid from India. After that, Korea developed economically and did a good job of developing what I call hard culture. India developed soft culture in the last 30 years – democracy, software, content oriented. Now it’s time for Korea to inculcate India’s soft culture and India has to inculcate more of Korea’s hard culture. We cannot classify everything in that way, but this is to simplify the discussion. Without soft culture, Korea cannot become a high income country. Korea wants to go to around $40,000 income levels. But without improving the soft culture including the political situation and having flexible mindsets and software and content orientation, this cannot happen.

B&E: And what does India need to learn, in your view?
KRK: For India to continue on 8-10% growth, India must focus on hard culture – manufacturing. Everyone cannot be intellectual, so more manufacturing focus is needed to create more employment. Also India has to push exports. In Korea, exports helped us move out of poverty. In Korea, our market size was small till about 30 years ago. In India also, though the population size is big, per capita income is very small. So you have to develop the exports and create more employment; then these newly people will buy more products and the domestic market will also grow. Korean companies can help Indian companies in the realm of application technology. If the two countries can benchmark each other, it will be great for the future.

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 09, 2010

Kanha National Park

Kanha National Park, christened the most beautiful park in Asia, is spread across 940 square km and is known for its vivid fauna and flora. Sprinkled with Sal trees and bamboo, large tracts of grass and shallow brooks, the park boasts of 131 tigers, the highest in the country. MPTDC chief general manager Bal Mukund Namdev says, “It is very easy to spot tigers in the national parks of MP than anywhere else in the country.”

There are many spots here where we can take the pleasure of watching wild animals in their natural habitat. And if you think that the park only has tigers to offer, wait a minute. The guided tour can take you to places where you can see foxes, boars, cheetals, antelopes, sambhars, Black Buck and as many as 200 species of birds. A handy pair of binoculars and a map can prove quite handy. The sunset at Bamni Dadar is an added attraction.

Because of the rush in the tourist season, it is advisable to book a guided tour before landing here. This includes a jeep and a guide. The park is spread across two districts and there are two major gates to enter—Mukki and Khatia.

Jabalpur is the nearest railhead. From here, one has to take either a taxi or a bus to reach Kanha. The closest airports are Raipur, Nagpur and Jabalpur. There are many hotels and guest houses run by MPTDC and the Forest Department.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-

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

Monday, April 05, 2010

“You have to put all processed food items in the Zero VAT Category...”

Balram Singh Yadav, Managing Director, Godrej Agrovet, analyses the industry in an exclusive interview to B&E

Godrej Agrovet has been associated with agribusiness and food processing for quite some time now. Here, Balram Singh Yadav, MD, Godrej Agrovet, gives rare insights into the dynamics of the industry...

B&E: Distribution and intermediation due to a fragmented supply chain increase costs in India by 15-30%. What should the government do to overcome such barriers?

BSY: Two things need to be addressed for this. Firstly, investment should be made in education of farmers on post-harvest technology. This is of particular importance to fruits and vegetables. Secondly, government should invest in storage and transportation in cold chain by subsidizing entrepreneurs and forming private-public partnerships.

B&E: Do you believe contract farming as a model will become successful to allow growth of large food processing units in the country?

BSY: Contract farming is difficult because of fluctuations in market prices at the time of harvest. Farmers are against fixed price procurement regime as they believe that they will not get the benefit of higher prices if they exist at the time of harvest. However, in case of price contract, farmers have always insisted on a price above Minimum Support Price even market prices are below that. Legal framework for enforcement of contract in contract farms is very poor.

B&E: How should the incentives for R&D in India’s food processing sector be enhanced so that rapid technological innovation can take place?

BSY: R&D expenses are already eligible for tax deduction at 150% level. Since R&D takes a long time, the government could give more deduction for R&D expenditure. The biggest support government can give the food sector is to put all Processed Foods in Zero VAT category.

B&E: How will the concept of Food Technology Parks as mooted in the Vision 2015 for the sector be effective in revamping and unlocking the sector?

BSY: The concept of Food Technology Park is wonderful, but it must be noted that raw material is spread over different geographies. Having Food Parks at one place may or may not work in case raw material supply chains are long.

B&E: What do you feel as a company are the major policy changes required by the government so that potential of the sector can be further opened up?

BSY: The subsidies should be increased for establishment of production units. Currently, subsidies being given are very low. The reason for increasing subsidy is to lower the breakeven for these units as value added food has long gestation period and very thin margins.

B&E: Processed food currently forms a very small percentage of India’s exports. How can this scenario be improved with India’s inherent cost advantages?

BSY: To compete in world market, we need to be competitive in cost and quality and both are also dependent on scale of operations which will come in case we can also make food processing successful for the domestic market.

B&E: As a company, how do you see the future for the sector in a 3-5 year timeline and what are the biggest opportunity areas within the sector ?

BSY: We believe that the Food Processing has a very bright future in the long run as cost of food is going up. This will require very efficient use of agricultural produce which is seasonal in nature and has very small windows of availability. The advent of modern retail and increased per capita income will make availability and affordability better.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-

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

Saturday, April 03, 2010

Cancer has become a major concern worldwide

But after spending billions of dollars on research and decades of hit-or-miss treatments, it is now time to rethink the war on cancer. The million dollar question - is all the hype worth the attention? The fact is that cancer does get cured, but only to a large extent in developed nations. Cancer treatment is one of the most expensive among all and in developing nations the cost s are out of the pockets. For example, in Norway, five percent of young adults and children are cured because they have a strong public health system with good cancer research. Scientific evidence says that two thirds of cancers can get cured. But this has no meaning for 80 % of the globe. We all know they can get cured if they get diagnosed early and if the system attends to it. There are so many people who do get diagnosed early but still don’t have the means. There is no insurance and no socialist medicine. So they go back to work for as long as they can. These facts are reinforced by The International Network for Cancer Treatment and Research (INCTR) which says that Cancer is and has been relatively neglected in developing countries. This stems from the fact that cancer is a particularly complex health problem which consumes extensive human and financial resources. This acts as a disincentive to national policy makers in resource-poor countries and international agencies to address it.

To get cancer cured depends on two things – to detect it early and to have a healthcare system that can allow timely and effective treatment. A lot depends on the healthcare system, as in how professionals are trained to detect cancer early and also to refer it. This is one of the major problems in low resource settings. Cancer is not included in the priorities of development agencies and agenda of donor countries. According to INCTR cancer will become an increasingly important cause of premature mortality in the developing countries as their populations expand, tobacco consumption increases and diets are westernized. Already, approximately 60% of global cancer cases occurs in developing countries and unless the increasing incidence rate of cancer can be slowed - 10 million new cases per year at present - it is likely to double by 2020, the majority of this increase occurring in developing countries.

It is high time that the attention of the global cancer authorities be now turned towards developing countries because that is where the real battle has to be fought. No doubt we are fighting cancer but if developing countries are considered then cancer will have the last laugh.

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!

Friday, April 02, 2010

Next time you reveal your A/S/L (Age/Sex/Location), please watch-out for predators keeping an eye on you!

Blissful at the look of increasing number of fans and followers or admiring the up-to-mark look of one’s new profile shall soon be passé. Cyber crime is growing by the hour and with every piece of extra information, which may aid even the most uninitiated net-using criminal mind, it is getting simpler too. “There is a huge list of scams such as online earning proposals, duplicate websites, phishing and Spam e-mails, credit card frauds and EFT (Electronic Fund Transfer) frauds.

Globally, more than $6 billion are stolen from consumer accounts by attacks called Phishing, and the scale of such frauds in India is fast catching-up too,” says Advocate Vivek Tripathi. With the availability of Internet on the move via Blackberry, i-Phones and portable USB net devices, it has become a lot easier to log in as and when desired. Our passwords, e-mail accounts, bank accounts, social networking profiles and more can be easily hacked; and not only that, our status messages and personal information lead criminals to our doorstep with incredible ease. Revealing too much information on the net such as making your contact number and residential address public is unadvisable. The moment you update a status message conveying ‘off to ___’ through another computer or mobile, someone keeping an eye on you would know where you logged in from and how authentic your information may be. Guardians of the law and those safeguarding our personal interests recommend awareness and precautions on the Internet.

Technology is man-made and so are its hazards. It depends on the user of the technology as to how he/she takes control and uses it to the optimum. It may be noted that when mind-freak programmers and criminal minds join hands, they can stir-up a deadly concoction, which can easily give the gullible a ‘kick’
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, April 01, 2010

For the future of Sports India

Amidst circumstances, which force us to close our eyes and hope troubles for Sports India fly away sooner than later, there appears to be a glimmer of positive light at the end of the tunnel, all thanks to the apparent tactical shift in attitude of India Inc. and other non-state agents. Reacting to the recent developments, corporates like Bajaj Allianz, Shree Cements et al and other State governments like Punjab, Maharashtra and Uttar Pradesh et al, have assured financial help for Indian Hockey. While Sahara India Parivar, which is the official sponsor of India’s cricket, hockey, boxing and wrestling teams has taken the lead in this regard, other corporate houses are following suit. Hero Honda, Coca-Cola and Reebok have signed sponsorship deals for the Hockey World Cup 2010. Then there is L N Mittal’s Mittal Trust, which is contributing a substantial $10 million for the training and nurturing of 40 Indian athletes, including boxers and shooters. [It is the same body which also funded the overseas training camps of ace shooter Abhinav Bindra.] From Mahindra & Mahindra (M&M), which has shown a keen interest in kabaddi, to conglomerate ITC, which is currently associated with the Sunfeast Open Women’s Tennis Tournament, the tide seems to be changing gradually in favour of the largely ignored sections of Sports India, a manifestation of which can be found in the manner in which major sponsors like Hero Honda and LG are slowly yet steadily moving over from just cricket to other sports. While PSUs like NMDC, ONGC, NTPC and NACIL have been for years organising tournaments and providing employment to athletes, even bollywood stars like Amitabh Bachchan, Shah Rukh Khan, Salman Khan and singer Salma Agha are now providing solidarity for various sporting formats.

With the year 2009 Pitch–GroupM report forecasting the $19 billion Indian sports marketing business to grow at an annual rate of 25%, there is great hope and greater expectations of much more participation of business entities to encourage the growth of Sports India. But the truth is – much remains to be done to reach the levels of the US, where the captive sports marketing business is valued at $400 billion! The current state of affairs of Indian sports is therefore for now, a story of mixed chances, giving worries to various stakeholders involved.

And what about policy bottlenecks? Says B. K. Sinha, former Secretary, SAI to B&E, “Our sports policy is not bad but enough money is not being spent on sports and training of the athletes. Here, on an average, one coach trains 15-16 sportspersons, whereas in Europe and US, a coach is specially assigned to one athlete. Are we ready to spend so much?” At the same time, other sports should take a leaf from Indian cricket’s books, for over time, the influence of bureaucracy has been reduced to a minimum in Indian Cricket, something which is not found in other sporting formats.

The autonomous governing body of Indian cricket – BCCI, has also marketed itself well, unlike The All India Football Federation (AIFF) or the Indian Hockey Federation (IHF), which are much lesser known names; no wonder cricket gets all the favours from the ad world! Much to the dismay of other sporting federations, since 2008, BCCI, India’s richest sports board, has donated $27 million to the National Sports Development Fund (NSDF) to mobilise resources for sports other than cricket. It’s therefore also time that BCCI teaches NSDF and other related federations to promote sports, not merely as a good career, but as a good business proposition too! Of course, this challenge for NSDF can only be dealt with proper piggybacking of available media resources, after proper promotion to raise TRPs, using monetary resources (gained from BCCI, the Ministry of Sports and other entities like Rural Electric Corp., Power Corp. Of India, Oriental Bank and individuals like ex-cricketer like Kapil Dev), which annually exceeds $12 million! But forget promotions, for at present, a known body like the IHF even lacks any arrangement to telecast live anyof India’s international matches! As far the media community is concerned, it has a responsibility too, towards ensuring that Sports India gets up on its feet, as Rajpal Singh, Captain of the Indian Hockey Team, says, “Media should adopt a professional approach towards covering sports and every bit of information about games should be published on the basis of facts.” Even Viren Rasquinha, a former captain of Indian Hockey team and is currently the COO of Olympics Quest for Gold, strongly believes that Indian sports today, need stars and that can happen only with the help of media.
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, March 30, 2010

Separate time zone

A group wants the clock to be advanced by 90 minutes

Assam may soon press for a separate time zone for the entire North East. The issue is gaining popularity and has been raised in the State Assembly. Besides, some 200 people comprising academicians, journalists, film makers, student leaders, scientists, engineers and others converged on K.C. Das commerce college — a premier institute of Guwahati — to discuss the issue.

Efforts are on to create awareness among the common citizens in the state about the importance of a separate time zone for the North East. They want the clock to be advanced by at least 90 minutes in the region. Filmmaker Jahnu Barua says: “As the first step, we would be formally apprising the eight regional governments and also 24 Members of Parliament (MPs) of the North East to lobby for separate time zone in Parliament.”

Regarding this, a resolution was also passed in the meet, saying that it would approach the development of North Eastern region (DONER) ministry for a separate time zone. Their argument is that day breaks early in the region with sun normally rising at least an hour to 90 minutes ahead of other Indian cities. Bhabesh Sharma, a geography teacher, says considering the geo-location of the region the people have every reason to demand for a separate time zone. Dr Aboni Kr Bhagavati a senior professor of the Geography department of Guwahati University weighs in. While talking to TSI, he says: “Separate provisions are of course needed. But before that we must study and discuss all subjects related to it.” Barua argues: “We in the region do nothing and wait until 10 A.M. to go to office. If our clock is advanced by 90 minutes, we can really make productive use of daylight. We can save money and time.’’

Recently Bangladesh advanced its clock by an hour. This way, the country can save an extra hour of daylight. Experts say that by adjusting the time, Assam would make a profit of Rs 640 million annually by way of energy consumption and production. Also, they said that daylight saving time (DST) is practiced in many countries. Will Assam follow suit?
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!