Many intermediaries are people intensive

First, many intermediaries are people intensive, so running them requires familiarity with the local language and culture. Second, intermediaries are information intensive, and it takes local expertise to access scattered information and analyze data of variable quality. Third, governments consider some institutions, such as media, banking and financial services, to be of national importance. They oft en prohibit multinational companies from setting up those institutions or force them to collaborate with local companies.

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Source:- IIPM Editorial

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2006 Gumpert Apollo – 11,531,163 INR

2006 Gumpert Apollo – 11,531,163 INR

True macho charm mated with raw power – no, we are not talking of Pam’s exboyfriend Tommy Lee, but a new breed of special super cars that debut this year – Gumpert Apollo. And one look at them would tell you why they are named after the Greek god of masculine beauty. Charged with Bi-turbo V8 engine, it can gun away at 360 kilometers per hour! Boasting of “two exhaust gas turbochargers and sequential six-speed transmission”, don’t forget your seat belts at least on this one!

Gold horse – 58,848,350 INR

Newly born Prince Hisahito in Japan is getting a $1.28 million rocking horse! Made by the renowned jewellery designer Ginza Tanaka, it weighs 30 kgs and is made of solid 24 karat gold! Shaped like a normal rocking wooden horse, but of course much more ‘fl ashy’! The designer is now taking manufacturing orders for the common folk. For some kids, it’s certainly a rocking childhood...

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Source:- IIPM Editorial

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Human development? Who cares

The sections affected by poverty are varied. The Economic and Social Council contends that its victim is mostly the children, women, single parents, pensioners and the expatriate population. The UN’s HDR contends that in 2002-03, 21% of total child population (about 2.6 million children) and about 67% of the Pakistanis and Bangladeshi lived in poverty.

The reasons are as varied as the poverty demographics. Skewed policies initiated by the government have resulted in widening the gap. Distinctly pro-rich growth pattern has led to a condition where the richest 10% of the population receive about 28% of disposable income. Similarly, the mean annual income of the richest one-fifth has increased about ten folds the rate of the poorest one fifth.

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Source:- IIPM Editorial

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Attracting eardrums!

This time around the radio lures are many: Introduction of the more profitable revenue sharing arrangement; the foreign investment gushing into the sector and the increasing radio ad pie... small wonder then that all the major media houses have been lured into the radio dream world. No doubt, radio is the next big thing and the when it comes to money making, this sector is a virtual goldmine. But, hang on, before you brand the frequency holders as ‘lucky fell as who happened to be at the right place at the right time, let us tell you, radio is not going to be another cakewalk for them.

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Source:- IIPM Editorial

Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative