Showing posts with label IIPM NEWS. Show all posts
Showing posts with label IIPM NEWS. Show all posts

Saturday, September 08, 2012

US: CHIEF OF STAFF

Agreed that he took charge at a time when the economy was struggling and that he was faced with an ambitious agenda (that of pushing through key reforms as promised by Obama in his Presidential campaigns which emphasised on Hope and Change). The hard-charging, high octane, arm twister Rahm, an enforcer who had a reputation of getting things done, was entrusted with the job of the White House’s Chief of Staff for steamrolling the change Obama planned. And Rahm – or Rahmbo, as he started getting nomenclatured came to be better known as being a foul-mouthed showman and backroom infighter, who managed, mauled and massacred dissent by standing on tables and screaming; of late even being viewed by many party activists as an instigator of a feud that was dividing the party.

Things went awry in August 2009, when Rahm, in one of his weekly strategy session featuring Liberal groups and other aides (who were planning to air ads attacking conservative Democrats who were balking at Obama’s healthcare overhaul), was back to what he was best known for. He responded to the criticisms by calling the liberal activists as “F***ing retarded.” Although that particular instance was not the sole reason, that presumably was the tipping point, where members got push converted to shove and demanded a port of departure call on Rahm’s war-carrier. David Weigel, Political commentator at Slate, based in Chicago, had this to say to B&E, “After nearly two years of Rahm Emanuel, liberals are pretty much confident that he was a paper tiger, a drudge who never missed an opportunity to undermine the progressive agenda and a man whose alleged formidability never rendered to big, substantive triumphs over Republicans.”

My favourite vaudeville performer Will Rogers once said, “There are two theories to arguin’ with a woman. Neither one works.” You could say that while arguing with Rahm too, where thanks purely to Rahm’s whimsical and fanciful style of debating and arguing, the President had a roller-coaster ride in the White House in the last 20 months. Be it Rahm’s crossing swords with Nancy Pelosi (speaker of the House of Representatives), or his failure to press home the President’s political message in the way Obama wished, or his handling of the economy and Wall Street regulation, Rahm’s pugilistic approach was solely blamed by commentators for delivering defeat. The President needed a Chief of Staff who had the wisdom to help him chart out a bold and progressive path. Someone who could successfully play the role of the President’s gatekeeper, like what James Baker did for Ronald Reagan. Rahm (who also doubled up as the President’s top political adviser and legislative strategist) at least did the gatekeeper part pretty well. But given that the mid-term elections in November would be a bloodbath for Democrats (in all probability, the elections could transfer the control of the House and even the Senate from Democrats to the Republicans), Rahm’s exit was strategically planned to minimise losses. Simply put, this is the return of favour that has been meted out to Rahm for the mistake he committed of pushing Obama too far to the middle.


Source : IIPM Editorial, 2012.
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Saturday, September 01, 2012

SUSTAINABILITY IS OUR KEY TO SUCCESS

Rana Som, CMD, NMDC, talks to deepak ranjan patra about what makes NMDC the most successful mining company in the country and what are its future plans...

NMDC has been amongst India’s top 15 most profitable companies for quite sometime now. What is the recipe for your success?
Sustainability is the key word for us. NMDC started as an one–product, one–customer company but has successfully diversified into multi–product, multi–customer company. We ensure that the price of our major product namely, iron ore, is not overpriced. This pricing mechanism helps us in increasing our customer base and thus the bottom-line of the company.

You had proposed a 3-million tonne Greenfield steel plant in Chhattisgarh. How has been the progress? How valuable is it for NMDC, considering the fact that two of your critical mines, Bacheli and Bailadila are close to the proposed site?
The proposed 3 MTPA integrated steel plant in Chhattisgarh is in an advanced stage. The company has already completed the process of land acquisition. The work has been divided into various packages and the awarding of various packages would start by October this year. After that it will take around 40 months for products to start rolling out.

Do you have any other plan as part of your forward integration strategy?
We also plan to have a steel plant in Karnataka, but it will be a JV with another organisation. In addition, we are trying to put up a slime-based pellet plant (a new iron making process utilising low grade fines is in the offing with Japanese collaboration) at Donimalai in Karnataka.

NMDC was looking for foreign partners for the Karnataka plant. Any development on that front?
Regarding foreign partners for the proposed plant in Karnataka, we are in the process of negotiations and things are developing at an appreciable pace.

Any other global plans...
Yes, we are actively pursuing acquisition of properties either on a standalone basis or in JV for securitising power (Coal, both metallurgical and thermal), iron ore and manganese in regions like South America, Africa, Australia, Russia et al.


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Monday, August 13, 2012

Fashion files: A-listers show the way!

Actors and style icons, film stars are influencing fashion on the ramp and the city streets

“An off-shoulder, dark blue flowing satin gown, layered with black net to give it a rich feel, with pleating from the empire line and a plunging back line’ is how Natasha wanted her dress to be for her 22nd birthday bash, the theme of which she had set as Red Carpet. She went and sought the help of her neighbourhood tailor with this concept in her mind and the required fabrics in her bag, and in less than a week her own red-carpet creation was ready, for just Rs.5500! “I wanted to wear something like what Aishwarya Rai had worn at an international film festival and that is why I chose this theme for my birthday! The same dress would have costed Rs.55,000 or even more had I bought it from a designer and maybe I wouldn’t have worn it a second time, because I don’t like to repeat my dresses, and so it could have been a huge waste of money!”

Well, Natasha is not the only one bitten by the latest fashion trends. In fact, these days, fashion trends and fashion weeks are being inspired by movies and even film stars walking the red carpet. Jean Paul Gaultier was so inspired by the recent blockbuster Avatar that he decided to incorporate the untouched beauty of Pandora and its blue-skinned tribes in his couture collection. Leading fashion magazine Vogue too recently decided to dedicate nothing less than 10 pages to the Na’vis!

Back in India, actress Mumtaz had set a trend in draping saris in the late ’60s with her film Brahamchari. This figure-hugging style came to be known as Mumtaz Saris and is still a favourite with many. More recently, saris made a huge comeback post the film Main Hoon Na when Sushmita Sen looked glamorous in her chiffon saris with sexy low-cut blouses and noodle straps.


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Saturday, August 11, 2012

The real realty show

In all the talk about globalisation, being local does have a bad name. But as per B&E’s analysis, regional centres are teeming with realty potential. And regional players are proving that staying local could actually prove to be a blessing in disguise
 
Media and Real Estate – the two sectors may be largely antipodal to each other in terms of business dynamics, but there is a lot that the latter can learn from the former. You may be wondering what? Consider this: Globally, print media (to be specific) has invariably been a regional industry. So there is The New York Times dominating in New York and The Los Angeles Times, which is dedicated to LA. In India too, regions have their own unique favourites – The Hindu in Chennai, Deccan Herald in Bangalore, The Hindustan Times in Delhi, The Telegraph in Kolkata, Tribune in Chandigarh, et al. Attempts by most of these dailies to go national have not been so fruitful. Similarly, it is being observed that real estate players operating out of specific regions of the country like Jaipur, Hyderabad, Kolkata, Kochi, Chennai, et al, are showing spectacular growth. What is the basis behind this trend, and is it sustainable? B&E finds out.

The broad figures are hardly regional, as the Indian real estate sector contributes around 14-15% to the GDP of the country. The construction business’ contribution to the GDP stood at 7.95% in 2002-03 and spiralled to 16.46% by 2005-06, before showing a downward trend then onwards (t stood at 11.98% in 2006-07; 9.81% in 2007-08; and 7.24% in 2008-09). The real estate business forms over 60% of the total construction business of the country. The last 24 months have been a tough ride for national real estate players. Huge debts riding on their backs, stalled construction and instability in the global real estate market further added to the woes of the Indian realtors. Hovering at 12,727.42 points in December 2007, the BSE Realty index had plummeted to 1561.01 points by November 2008 – a drop of 87.73%, before rising up to 3361.10 as on March 15, 2010.

In the second quarter of 2009, debt liabilities on national realty players like DLF and Unitech stood at Rs.150 billion and Rs.78 billion respectively. But the downturn hit them hard as the cost of construction sky-rocketed. Sample this: for the quarter ending December 2009, the cost of construction for DLF stood at Rs.6.73 billion – a mind-numbing increase of 262.75%. Even for Unitech, the cost of construction increased by 197.57% over the last year to Rs.4.47 billion. For Parsvnath Developers, the cost of construction increased by 173.75% yoy to gross Rs.1.29 billion currently. Increase in the excise duty from 8% to 10% will further add to the woes. High property rates led to decline in sales (by almost 50-60%) and national developers were forced to stall projects. Before the slowdown struck, big developers had hastily acquired land all over India to increase their land banks. Currently, DLF has a total land bank of close to 430 million square feet, of which, only 50 million square feet is under construction. Also, a lot of space acquired for launching commercial hubs could not be developed because of a slowdown in the big ticket IT/ITeS sectors.

However, real estate players with limited diversification were not as impacted. Says Mehinder Sharma, MD, M-Tech Developers, “We were not really affected in the strict sense of the term as we did not launch any new projects and instead focused on construction and deliveries. But yes, cash flow was definitely impacted – it slowed down and reduced our speed apart from the high cost of funds that we deliberately avoided to keep our price & quality commitments in place.”

So what is it that makes regional real estate players less vulnerable? “To begin with, it’s their area of operations that favours their model,” says Vivek Mittal, CEO, Realty Stocks. Cost of land in small towns and cities like Vadodara, Thane, Lucknow, et al, is 15-20% lower in comparison to metros. Cost of construction, labour, and other ancillary services too is 30-40% lower. “Price-Value matrix (at a regional level) is definitely more realistic compared to the metros where the international influence makes any average project a huge investment proposition,” says Sharma. To the advantage of regional players, the demand for their housing projects did not decline. Sushil Mohta, MD, Merlin Group, who is operating out of West Bengal says, “Roughly one can say that about 10,000 apartments are on sale annually in Kolkata.” According to CREDAI Bengal officials, the annual growth rate in the real estate sector in Kolkata and adjacent areas is about 20%. In Rajasthan, the sector is poised to witness a growth of 10-15% in the coming year. Also, the boom in the affordable housing segment, pegged at Rs.3 trillion by 2011, helped regional players.




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Friday, August 10, 2012

AN APPEAL TO LATA MANGESHKAR AND . . .

...Asha Bhosle and Nana Patekar and Madhuri Dixit and Ritesh Deshmukh and Amol Palekar and Madhur Bhandarkar and Ashutosh Gowariker and Mohan Agashe and Sai Paranjpe and Rohini Hattangadi and dozens of other illustrious and not so illustrious people who have won hearts, minds, fans and big bucks in Bollywood. Just in case you failed to notice, all these personalities are Marathi Manoos. Some are legends who have already become immortal and most have enriched Bollywood with their incredible talent and performances. I am deliberately appealing to Ritesh Deshmukh instead of his father Vilasrao Deshmukh because neither you or I really expect politicians to stand up and be counted when it comes to defending the idea of India.

But I earnestly appeal to these theatre, film and music personalities to defend colleague Shah Rukh Khan. As things stand now, the movie My Name is Khan will probably not be screened in any theatre or multiplex in Maharashtra unless Shah Rukh Khan apologizes for a crime he has not committed. Just as Amitabh Bachchan was forced to apologize in the recent past when the screening of The Last Lear was disrupted in Mumbai. This madness is going too far and now threatens to destroy the very foundations of India where all citizens have equal rights to talk, work and pray. Shah Rukh Khan the individual or the superstar or the icon is not really the issue here. The issue is far bigger and demands artistes to finally decide that enough is enough.

I doubt if there ever was – or will be – a better singer than Lata Mangeshkar. But just imagine Lata tai: if this kind of parochialism had prevailed even in the past, would you have sung haunting melodies written by Sahir Ludhiyanvi and composed by Madan Mohan. Would you have captivated us with the delightful duets that you sang with Mukesh, Mohammed Rafi and Kishore Kumar? And Madhuri Dixit, would you have delivered hits like Dil Toh Pagal Hai and Hum Aapke Hain Kaun without co-stars Salman Khan and Shah Rukh Khan? I can cite such instances ad nauseam and it won’t make a damn difference unless Marathi artistes come out and support not Shah Rukh Khan, but his freedom to work and speak. Many of the personalities in the ‘appeal’ list are quite well read and will know that this demon will sooner or later devour even their freedom to work and speak.

I think they need to be inspired by the words and deeds of another icon, arguably one of the greatest Maharashtrians of modern times. Yes, I am talking about Sachin Tendulkar. More than his centuries and records, he really made India proud the day he rebuffed narrow-minded parochialism by publicly defending the idea of India. That one gesture made a world of difference. Imagine the difference it will make if legends like Lata Mangeshkar, Nana Patekar also step up and publicly defend the idea of India.

I think the Shiv Sena and the MNS have every right to espouse the cause of Marathi Manoos. They have every right to publicly protest and criticize anything and anyone they think is infringing on the rights of Marathi Manoos.


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Monday, June 13, 2011

Total lunar eclipse on June 15

Over the next 30 days, there will be three eclipses, two partial solar eclipses and one total lunar eclipse. Of these three, however, only the total lunar eclipse will be visible from India and also from the city.

The first one, a partial solar eclipse will occur on June 2 between 12.55 am and 4.37 am as per the IST. The eclipse, however, will not be visible in India. But the total lunar eclipse, the first this year, will be visible on June 15. During the lunar eclipse, the moon will be completely covered by earth's shadow from 11.53 pm on June 15 to 3.32 am on June 16.

The eclipse will, however, begin at 10.53 pm and end at 4.32 am.

The third eclipse will be another partial solar eclipse on July 1. This too will not be visible from India.
N Raghunandan Kumar of Planetary Society Of India , Hyderabad said that the society plans to conduct a sky observation programme on June 15 on the lunar eclipse day for school children.


An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

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Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management
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Wednesday, January 14, 2009

Despite talk about American decline, the world is not prepared for a post-American era.

To make its case for a continued global leadership role, America must, however, step up to the plate. While the go-it-alone impulse of the Bush administration has been discredited by its consequences, the inverse lessons regarding how important collaborative action is in today’s interconnected world are still being learned. Even at the apex of American power, its greatness was always based on inspiring others, and the opportunities for building market share in that particular category remain unlimited. America’s actions over the coming years will determine whether its power model can be restored. America can and should, for example, become the global leader combating climate change through major investments in alternative energy, conservation, and energy efficiency, and by taking strong actions to reduce its greenhouse gas emissions. It should transform its immigration policy to recruit the best people from around the world to move to the US, and remain the world’s leading champion of open markets.

Closing the prison at Guantánamo and reaffirming America’s commitment to international law and human rights will also be an important step in this direction. The world wants to believe in an America that lives up to its own best values.

The prospect of a global community of nations working together to achieve the greater good for all is indeed exciting. But, although America has been far from perfect over the last six decades, the end of the pax Americana has the potential to create a dangerous void in international affairs. If the world is going to shift in the direction of a new and more globally democratic system, other nations also need to step forward. Until this happens, let us all hope that America can get back on track as the global champion of collaborative action.....Continue

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Saturday, January 10, 2009

Ashok Gehlot, the former chief minister of Rajasthan and AICC general secretary

Do you see yourself as chief minister, and if that is the case, what would your priorities be?
How can I comment on it... it is for the legislators and the party high command to decide. I am just a party worker and I am ready to take on any responsibility the party gives me.

I cannot spell out my priorities so early. But one thing is clear: whosoever becomes the Congress CM would provide a sensitive and transparent government in the state.

Would you like to comment on PCC president CP Joshi’s defeat?
He lost by one vote only. We term his defeat as a victory because it was due to his efforts that Congress won so many seats in Rajasthan.

Do you see any sabotage in the 1-vote defeat?
No, there was no sabotage. The real sabotage took place in the BJP, where the rebels campaigned actively against the party and destroyed their efforts on the day of elections.....Continue

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Thursday, January 08, 2009

M Rajasekhara Panicker at the Passing Out Parade of the dog squad in the Kerala Police Academy.

And loyal they remain to their last breath. Little wonder that they are so much of an asset in the Army, where in the background of thousands of lives lost to mines and other explosives on the borders, they have successfully detected explosives and saved precious human lives. “A dog army of 12,000 specialised canine breeds, mostly Labradors, German Shepherds and Belgian Shepherd dogs, is in place in the Indian Army,” Lieutenant Colonel S S Kashyap said to an agency last year. Many Army dogs have won Shaurya Chakras and special commendations from the Chief of Army Staff. Their services are utilised even by the UN Peacekeeping Forces.

Railway Protection Force (RPF) too has dog training centres at Delhi and Podanur in Coimbatore, Tamil Nadu. “German Shepherds, Labrador Retrievers and Dobermans are being trained. Six dogs are currently undergoing training and 13 are ready for passing out from Zonal Training Centre (ZTC) at Podanur,’’ says Neenu Ittyerah, Chief Public Relation Officer, Southern Railway. “Chief Security Commissioner is nominating a committee with three gazetted officers for procurement of pups from popular registered private kennels and breeders with KCI certificates,’’ she says. Ittyerah recollects with pride a dog named Rita in the Trichy division who solved a murder case of Kayatharu village police station in January 1985. Last month, ‘Hira’ detected an explosive at Malda divison of the Eastern Railway station.....Continue

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Saturday, January 03, 2009

MASS CENSURE

That is because the people hit the streets. No one was happy that it were the haunts of the elite only – five star hotels and posh restaurants, mostly – that were hit. The sustained gun battle of over 60 hours made people cry, literally, about the fact that we were under siege inside our own country… never had Pakistan come this close inside even in a declared war of aggression. People were inclined to believe – whether it is substantiable or not – that India has been violated by Pakistan and media – in wilful suspension of responsibility – whipped up a frenzied demand for going all out. This time it was not like an Indian Mujahideen serial blast. It was utter humiliation. They had never seen the politicians' dirty faces so clearly as during the Mumbai attack.

The blame game and face saving exercises are not yet over. This may continue up to the next general elections and all the parties will sure try to 'milk' the votes.

But two public gestures of private families stand out and show what the people’s mood is: Hemant’s widow Kavita Karkare has bluntly refused to accept Modi’s compensation. And Major Unnikrishnan’s father has slammed the door furiously on the face of the so-called ‘people’s man’, Kerala Chief Minister VS Achuthanandan when he wanted to visit the martyr’s home to pay his tribute.

So far, the writing on the political wall is clear. If this commonsense prevails in every Indian, the political system may change in this country.....Continue

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Friday, January 02, 2009

AMAZE: The world shows up!

It was celebration with a cause at the Indian Institute of Planning and Management (IIPM) when its annual management and cultural fest, Amaze, came to life on the 12th, 13th and 14th of November. With ‘One Earth, Let’s Heal It’ as the theme, it was only befitting that participants from 18 countries had turned up to make it a mega success. On the evening of 11th, the Indian Handicrafts Emporium venue came alive in a plethora of colours, floral decorations, heritage structures – even a spectacularly illuminated Taj Mahal replica – to welcome guests from across the globe.

The first event at the Festival was ‘Crushed Ice’, the icebreaker round. Eminent personalities including Anil Rajput (Head, Corporate Affairs, ITC), Mukesh Tyagi (MD, Punj Lloyd), Dipinder Hooda (Member of Parliament), Sandeep Hooda, Anil Kaul (Director, Marketing, Ambuja Cement), Naresh Dayal (Secretary, Union Health Ministry), and Pratima Dayal (Chief Economist, ADB) among others graced the occasion. After Prof Arindam Chaudhuri, (Honorary Dean, IIPM) inaugurated the event, the crowd pulled out all stops when it came to enjoying themselves!

Real action commenced at IIPM’s international campus with ‘Clash of the Titans’ – the Global Debate Challenge prelims. The winner won a trip to London. In the Business Plan event, the budding business barons were judged by Pankaj Parnami (Founder Director, KPO consultants) and Prof Sumanta Sharma.....Continue

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Monday, December 22, 2008

Beauties of California!

Back on the shore of SF, you can choose to travel through the city in cable cars which take you to the tourist spots, including Lombard Street, aka the ‘crookedest’ (most winding) street in the world. The eight sharp turns and a one-way street not only make you test your driving skills, but also your senses as you try to observe and admire the view of the beautiful houses and landscape around you but of also the distant Bay and the Golden Gate Bridge.

To conclude your active day in San Francisco, take a break from the travel and driving and stroll down the Piers, especially Pier 39. Robust with life and rife with live local musicians, this pier is suffused with the natural smell of walrus’s as well as the local farmer’s market. And with fine dining, available in the form of five star restaurants with a romantic setting, Pier 39 offers you all the variety for anyone and everyone, literally! My favourite destination in San Francisco is the stretch of Piers from 35 to 39, as I can walk along the Bay and get some time alone or go shopping across the street for local memorabilia and also satisfy my extravagant side by splurging in shops like Gap, Macy’s etc.

During my stay in California, my monthly mantra, without fail, was a trip to San Francisco to grab an escape from routine and a chance to imbue interesting atmospheres and cultures.....Continue

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Thursday, December 18, 2008

Obama and Lincoln

Throughout his election campaign last year and this, President-elect Barack Obama promised to make US politics return to the bipartisan ethos. If his selection of people to fill the key cabinet posts is anything to go by, he has already scored here. From Chief of Staff Rahm Emanuel, to Economic Policy Advisor Lawrence Summers, to likely Secretary of State Hillary Rodham Clinton and to New York Federal Reserve's Timothy Geithner as the new Treasury Secretary and Commerce Secretary Bill Richardson; all are veteran Washington hands and belong to different ideologies altogether.

While Geithner has lent a hand to direct efforts to soothe financial markets and stressed that banks vital to the worldwide financial scheme should function under an integrated regulatory scaffold, Clinton has a comprehensive profile both as a political person in charge in her own right, and as the wife of a former US President. Her appointment could help Obama mend the only chink in his armour – foreign policy. The passionate and plainspeaking Lawrence Summers has previously served as Treasury Secretary in the Clinton regime and is pegged by both Republicans and Democrats as the best hand to deal with the current crisis. Bill Richardson’s potential appointment as Secretary of Commerce will not only bring the much needed experience in that department, but will also inject confidence in the Hispanic community after disillusionments of the Bush era. The appointment of Tom Daschle as Secretary Of Health And Human Services is a tactical move to make the Left fringe of his party happy.....Continue

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Saturday, December 13, 2008

Lt. Col. Purohit's case becomes murkier and murkier as the Maharashtra police contradicts what the central government has been saying so far.

By all available accounts of army officials close to him, Purohit has had a distinguished career. In an interesting twist, the ATS now hounding and investigating him, had hosted Purohit at their Mumbai headquarters in 2005 to deliver guest lectures and conduct a day-long training programme on “operational techniques and strategy.” Now, it appears, his process of de-learning could have begun. Surprisingly, the ATS which made these charges appeared cagy to defend them when the case came up for hearing before a lower court in Nasik last week, which is potentially a source of huge embarrassment for the government. Just how politically motivated is the ATS?

The case being made by the ATS is at total odds with the central government’s position on the blasts which laid the blame for explosions and horrendous deaths on Pakistan-inspired jehadis. In the case of Samjhauta Express blasts, the National Security advisor and India’s defacto intelligence boss, M.K.Narayanan, was categorical in his assertion that Islamabad was behind them. After months of pointing fingers at Pakistan-based Lashkar-e-Taiba, the ATS has made a U-turn and declared that it was actually Purohit who had supplied RDX used for the Samjhauta blast.

Questions one security official: “If Purohit masterminded Samjhauta blasts, what intelligence inputs did India give to Pakistan to act on in this case at the various anti-terror mechanism meetings?” It is a tricky question which provides no easy answers......Continue

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