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Source : IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative

The Ghost Map is in entirety a sharp, thought-provoking read…

Johnson lies to rest any preconceived notions of drabness that may stem from the medical premise of the story, painting an entrancing portrait of early Victorian London with its largesse and splendour, gloom and garbage in equal measure. Interspersing his narrative with animated characters and fascinating trivia, such as the conjecture that people who purely slug liquor possess decreased vulnerability to infection owing to a majority of our ancestors being beer drinkers(!), besides compounding the quest for truth with a deft dose of suspense, Johnson weaves a multi-faceted account. His contention that for all their downsides of populations ripping at the seams and the consequent problems of debris dumping and waste clearance, cities still augur the optimum living solution for civilizations to breed in a global context and exchange cultures, is hard to refute. The climax may seem a wee bit gung-ho with everything upto Iraq being interlaced, but The Ghost Map is in entirety a sharp, thought-provoking read…

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative

GMR has set its sights on the infrastructure business, which has excellent future potential

While it has completed five green field projects till date, it has another six in its hand apart from the Delhi airport brown- field project. While the holding company, GMR Infrastructure Ltd., controls all its infrastructure projects, the group itself is also governed centrally by a single group executive council that consists of G. M. Rao and six other members including some promoters of the company.

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JAMSHETJI NUSSERWANJI TATA

The struggle for India’s independence from British Raj ended in 1947. Unfortunately though, our struggle for true economic independence continues till date. Was our Independence struggle really worth it then? Of course it was, but few people actually understood at that time how incomplete our Independence would be if a free India couldn’t provide even the basic standards of living and ensure sustainable development for the masses.

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The i-Pod crowd

Times have changed and the whole business of political campaigning has changed too. People are increasingly becoming more and more tech savvy. Internet has begun to play a very important role in framing people’s opinions. Thanks to the internet, information is flowing more freely – especially among the youth. They are becoming more and more aware of political issues. They are the ones who can tip the scales in your favour. Like any savvy marketer, political parties are realising the benefits of ‘catching-em-young’. After all, brand loyalties develop at an early stage and it’s easier to influence the younger lot. So in America, they started a campaign called “Rock the Vote”, which was targetted primarily at young voters, where popstars told the young generation to go out and vote.

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“core inflation”

If the economy is weakening, why should bonds not rally further? There are several reasons for it: It is far from certain that the US economy will slow down right away. Consumers, whose sentiment has recently weakened considerably, could still continue to live above their means for a while by selling equities or simply borrowing even more, because lending standards are still extremely loose – this certainly among the sub-prime lender desperados. Moreover, wage growth and capital spending has recently seen some upside acceleration, which could, at least partially, off set a slump in the housing sector.

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Second round?... No sweat!

The first round of the 2006 presidential elections of Bulgaria reinstated the stronghold of the incumbent President, Georgi Sedefchov Parvanov (above). Th ough Parvanov of Bulgarian Socialist Party (BSP) secured himself a landslide victory of 64.6% in the first round with his principal right wing opponent, Volen Siderov, securing a measly 20.3%, he was forced to face the run-off polls because of the poor voter turnout. Bulgarian law prescribes a minimum of 50% turnout of the registered voters, but only 42.5% showed interest in casting ballot. Encouraged by the results, Parvanov claimed, “Outcome of the first round casts no doubt on Bulgaria’s European future. Our European policy has won firm support yet again.” He was instrumental in Bulgaria joining the NATO in 2004. And though he won admiration for getting EU to accept Bulgaria’s entry into the Union from January 1, 2007, he is criticised for the government’s massive failure to tackle organised crime, corruption and high- level fraudulency.

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It is India’s misfortune to be stuck with neighbours who haven’t developed a strong culture of democracy

It is India’s misfortune to be stuck with neighbours who haven’t developed a strong culture of democracy and are also prone to descending into chaos. But we cannot be mute spectators. It would be even worse to gloat at how the neighbours seem to be botching up the task of building a modern nation state. Great nations cannot be built when you are surrounded by violence, unrest and anarchy.

Of course, there is little India can do in the immediate short-term to help stabilize South Asia. Nor can it be seen to be interfering in the ‘internal affairs’ of these nations. But there is a lot it can do through back channel and unobtrusive diplomacy that is mature as well as far-sighted.

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Most product markets comprise four distinct tiers...

Because of the institutional voids in developing countries, multinational companies find it difficult to serve anything but the market’s global tier. In product markets, the lack of market research makes it tough for multinational companies to understand customers’ tastes, and the paucity of distribution networks makes it impossible for them to deliver products to customers in the hinterland.

In talent markets, they don’t have enough knowledge about the local talent pool to design policies that will attract and motivate employees at the glocal, local and bottom-of-pyramid tiers. Therefore, when a developing country opens up, multinational companies rush into the global tier and local companies dominate the local tier.

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Generic’s passé!

India’s largest pharmaceutical company, Ranbaxy Laboratories, is in the news again for an unsuccessful legal battle against American pharma giant, Pfizer in the US Court of Appeals. And the bone of contention remains the blockbuster drug Lipitor. Ranbaxy continues to challenge the Pfizer patent in many countries, in an attempt to launch its generic version as soon as possible. Th is has been the traditional economics of the Indian pharma industry. Lacking the resources and the right kind of support, Indian firms have largely depended on generics.

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Save US ‘arms’ energy to gain global ‘fuel’ synergy!

It always comes back to oil. The continuing misguided interventions in the Middle East by the US and the UK have their roots deep in the Arabian sand. Ever since Winston Churchill led the conversion of Britain’s navy from coal to oil at the start of the last century, the Western powers have meddled incessantly in the affairs of Middle Eastern countries to keep the oil fl owing, toppling governments and taking sides in wars in the supposed great game of energy resources, which is almost over because the old approaches are obviously failing.

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now runs a Non-Governmental Organisation

“Today, when thousands of vehicles are being added on Indian roads everyday, road safety depends on not just one or two but all the factors, whether it is engineering, education or enforcement. Unfortunately, we fail on each occasion,” says Harman Singh, 34, who now runs a Non-Governmental Organisation – Arrive Safe. His organisation imparts education on road safety to both the drivers and pedestrians. Harman Singh feels that it’s high time for the government to begin giving priority to road safety. It is quite surprising to learn that till date, there is no proper mechanism to record road accidents in the country, let alone a comprehensive policy to tackle the situation.

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A company must wisely allocate its resources to maximise efficiency

The higher the RoA, the better, because the company is earning more money on less investment. However, when using RoA as a comparative measure, it is always advisable to compare it against a company’s previous year’s RoA figures or the RoA of a company in the same industry. Sheer size of assets doesn’t guarantee efficiency. For instance, if one company has a net income of Rs.2 million and total assets of Rs.10 million, its RoA is 20%; however, if another company earns the same amount, but has total assets of Rs.20 million, it has an RoA of 10%.

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His cap, my cap, your cap, our cap, ‘em cap!

At least here, size matters! The concept of ‘the bigger, the better’ is definitely the most suitable principle to value the success or failure of companies across industries if one is considering the market capitalisation (m-cap) of the companies. The bigger the market cap, the better is the company. Taking a cue from fundamental analysts, market capitalization is considered as one of the true parameter for measuring and comparing the value of companies across industries.

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They’re going up in smoke!

Don’t crinkle your nose disdainfully when you hear about a company operating in the hinterland and minting money on cigarettes, because you might be in for a big surprise! Started as Imperial Tobacco Company in 1910, ITC has successfully tried to shirk off its image of a cigarette manufacturer by diversifying into other businesses. And this, despite the fact that cigarette manufacturing is still one of the most profitable businesses for ITC, and also despite the fact that British American Tobacco (ITC’s parent) has clearly shied away internationally from diversifying into businesses other than cigarettes.

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Big Babool:- Bade Kaam ki Cheez.

BRAND: Big Babool
AGENCY: McCann Erickson
BASELINE: Bade Kaam ki Cheez.

DESCRIPTION: Yet another animated ad! This tells a story of a bird who lays two eggs in her nest. But a tortoise’s egg dropsinto the nest and becomes a part of their family. Soon it is time for the kids to learn to fly; the mother takes the kiddie birds on their first flight. Left alone on the cliff, the baby tortoise chews a big Babool gum and jumps off the cliff. But all’s well, because he blows a balloon out of the gum and uses it as a parachute to get a view of the world from the top!

4Ps TAKE: Quite an attention grabber and a wonderful entertainer with a lovely story. The ad hits bull’s eye — and is sure to go down very well with the target audience: kids. With the desi feel to it (words like ‘bal gopal’ and ‘nervous aiyega nahi’), the ad scores on flawless execution, great communication, newness of idea and amazing animation. Just one gripe: its brilliant storyline almost steals the product’s thunder!

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How do you differentiate from the other players?

Our USP is fast delivery in pizzas and this is even accepted by the customer. Today when you think of home delivery pizzas, the first thing that comes in your mind is Domino’s. To deliver faster our delivery boys are now given bikes instead of scooters. So, fast delivery and freshness, are our twin differentiators.

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Christening your next new handset

So have they already given shape to this plan with the Nokia 8800 Sirocco Edition launched recently? Or maybe they now believe that numbering their handsets make them unique, and hence have settled for a judicious mix of a name and a number to begin with! And come to think of it, there is an emotional connect when it comes to names and it’s more fun. There also comes a sense of ownership and style declaration with names. Digitally advanced all right, but ‘names’ unquestionably make the whole affair more palatable.

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JC Penny is going to take on the three big ones in the innerwear sector

With this, JC Penny is going to take on the three big ones in the innerwear sector in the US: Target, Wal-Mart and, of course, Victoria’s Secrets. (Of these, Victoria’s Secrets has a 30% share in the lingerie market in the US.) As of now, JC Penny already has an innerwear line, Delicates, but that has proved to be a bit of a d a m p squib: Experts feel that the brand has to be sexed up and given a bold new identity. For this, JC Penny is looking at selling Ambrielle through a designated 5,000-plus space in each of its stores (the chain as more than 1,000 stores), and there will be three sub-brands: Smooth Revolution, Mystique and Essentials. Good luck with the inside story!

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Comparative B’advertising

Some classic examples have benchmarked the history of comparative advertising. And leading the fight club is the protagonist of this story, Pepsodent, which, in its advertisements, claimed, “New Pepsodent is 102% better than the leading toothpaste.” The ad showed two boys being asked the name of the toothpaste brand that they used. One happily exclaims Pepsodent, while the other’s disgruntled response, though muted, clearly points cynically towards Colgate (especially as a background jingle similar to the one in Colgate’s ads is used quite appropriately).

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The seat must get hotter

However, equal importance has to be given to investment that is flowing outside India, which is not the case right now. According to Bundeep Singh Rangar, Chairman, IndusView Advisors, “Outward FDI from a country is a true indicator of a global investor, which wants to have a worldwide presence. China, which receives the highest inward FDI amongst emerging economies, is also planning to make it big in outward FDI also.” Outward FDI from China increased from a meagre $400 million in 1980 to $38 billion by the end of 2004.

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Syria still believes in a “Greater Syria”

Syria’s position and interests should make it amenable to a deal. Of course, Syria still believes in a “Greater Syria” and never fully accepted Lebanon’s sovereignty. Syrian intelligence and troops – present in Lebanon since 1976 – were forced out in 2005 only under enormous international pressure and $1 billion were lost in smuggling revenues last year, much of which previously fl owed to the Syrian military. Many of the Hezbollah rockets that rained on Israel bore the markings of Syria’s Defence Ministry.

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“Us-Versus-Them”

We need to reject “us-versus-them” logic, in which Israel is pure and the Arabs are evil (or vice versa). Israel will be unable to avoid territorial withdrawals to the 1967 borders by exercising military might; US will be unable to ensure oil security through continued military occupation in the Middle East; and terrorists will be unable to destroy Israel or foist their fundamentalist ideas by force on moderate societies. In my work throughout the world, as an economist and development practitioner, I find that the vast majority of individuals and political leaders of all religions, races, and creeds are ready to work together to achieve prosperity and well being for their children. The claim by many Israelis that there are “no partners for peace” is absurd. Similarly, the claim that we are headed towards an inevitable clash of civilizations is sheer madness, propounded by people who think the worst of other groups, but don’t really know them personally. What unites us is vastly greater than what divides us.

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Selling equity, eroding liability

The world’s leading mobile telecommunications company, Vodafone Group traded 25% of its stake to Belgium’s prevailing telecom group, Belgacom for $2.55 billion in Proximus. The company found the deal lucrative enough to utilise the sale proceeds in order to lighten its debt burden. The deal will make Belgacom the sole controller of the company’s operations. Earlier this year, Vodafone had also sold part of its besieged Japanese business for $11.36 billion. The company is, however, suppressing demands from its investors to sell-off its stake in Verizon Wireless. The group serves about 186.8 million customers at present.

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No, there is no stock clearance mode... In India

With so many sudden offerings, are they also selling out old stock? Krishna kumar denies the speculation, “No, there is no stock clearance mode... In India, new products are released in September... and the release is timed in such a way so as to coincide with the festival season.” Rao equivocally denies the same for LG. Epson doesn’t hold back either. Says Tushad Talati, Head-Brand and Communication, Epson India Pvt. Ltd., “Our strategy for the festival season revolves around the launch of a whole new range of products targetting the home, SOHO and Photo users. These launches are especially timed to coincide with the peak buying period.” Clearly the festivities and the release of new products have affected the production cycles of many players in the Indian market.

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The World Has Changed Now

Clearly, the world has changed now – awesome gigabytes of storage space is available on the hard disk, floppies are extinct and replaced by a battle between Blu-ray & HDVDs, and life without the Internet is almost impossible! As for the companies, the pioneering IBM PC division spiralled into losses giving it up to Lenovo, Dell has seen sliding market confidence even trying set up new display outlets, Compaq got gobbled by Hewlett Packard, Microsoft is constantly attacked by open source aficionados & anti-trust cases and Steve Jobs is piggy backing on the iPod success to sell his Macs. But biggest change of all is the laptop that has been registering 100% growth, and slowly eating away the PC! Even PDAs & smartphones perform outrageously more functions than the 2.73 kg IBM 5150 could have ever dreamed of! The PC has come full circle and is back to a simple word & spreadsheet processing box of the 1980’s, just with more power. Here is paying tribute to the unknown, but vital faces that got it all together...

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Nooyi has engineered over a dozen acquisitions in 12 years at PepsiCo

But what about the critics who doubt that her success story will run smoothly for long? Well, she has certainly silenced critics in the past. A typical instance was in 2001, when she successfully reduced the asking price for Quaker Oats. Wall Street applauded the manner in which the then CFO of Pepsi saved ‘billions’ on the $14 billion deal. The icing on the cake was the health drink Gatorade that has helped Pepsi dominate the rapidly growing sports drinks market. Nooyi has engineered over a dozen acquisitions in 12 years at PepsiCo including the $3.3 billion takeover of Tropicana. Nooyi also worked on the restructuring that created YUM, the umbrella brand now controlling KFC, Taco Bell & Pizza Hut.

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From Hum Tum cartoon strips in newspapers preceding the film’s release

From Hum Tum cartoon strips in newspapers preceding the film’s release, as also in popular TV soap Jassi Jaisi Koi Nahin, to bags and caps, their strategy proved as humungous a hit as the film itself! Salaam Namaste promoted the trendy coffee mugs from which Preity and Saif slugged, and later slugged it out, in the film. And as this year’s most anticipated flick hits theatres, pre-launch for Kabhi Alvida Naa Kehna, or KANK as the watchword has spread, has invaded news channels to youth music channels, to key-chains, pens and mugs, as the producers left no stone unturned in doing as much as they KANK!

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INCOME AND HEAD COUNT

It’s official now. The Rajya Sabha has been informed that India’s per capita income stands at Rs 23,222 annually at current prices over the year 2004- 05 (the new revised estimates were released by the Central Statistical Organisation on May 31, 2006).

During 2004-05, Chandigarh has recorded the highest per capita income – at Rs 67,370 per annum. Next up is Pondicherry that has a per capita income of Rs 56,034, while the national capital Delhi is third at Rs. 53,976.

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CPI: Cost of living

Poland outlook

Inflation in Poland has remained relatively stable and has declined over the years. Consumer prices as measured by CPI increased by 0.80% as on June-06, taken on a year-on-year basis. The economy also felt the heat of increasing crude oil prices quite severely. While the prices for administered products saw a decline, food and fuel prices witnessed the maximum amount of changes.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam chaudhuri

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BEHIND THE SCENES…

“The performance during the previous fiscal was a continuation of the broadbased growth witnessed in the last couple of years, demonstrating the strength of the company’s de-risked business model, with dependency on the US market coming down considerably,” shares Raju. Th ough a huge gap still exists between revenues generated by the North American or European markets and that from other regions, Raju doesn’t seem worried, betting on his de-risking model & broadening of services on current platforms.

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Source:- IIPM Editorial, 2006

Author:- Prof. Arindam chaudhuri

‘Broad’ening the horizons…

But is this for real? The flip side of the Internet saga is that Indian broadband, which runs at 256 kbps (kilobytes per second) is very primitive compared with the international counterparts, where broadband is run at a minimum of several megabytes per second. Even by that yardstick, penetration of broadband poses a major concern. Broadband penetration stands at a mere 0.02 connections for every 100 people currently, in comparison with 1.4 for every 100 people in China and a whopping 25 per 100 in South Korea. The discrepancy in broadband connectivity, however has got a lot to do with the lack of a customer base. Higher connectivity is mostly used by the corporate sector to upload content, but this would form a miniscule part of the overall customer base. Households, on the other hand, have emerged as a significant segment, but they currently use Internet mostly for the purpose of e-mailing and surfing, for which higher connectivity is not needed. Even if the target of 20 million broadband subscribers by 2010 is met, how fast these connections will be is anybody’s guess.

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Source:- IIPM Editorial, 2006

Author:- Prof. Arindam Chaudhuri

CPI: Cost of living

How long will the Black Gold last?

Saudi Arabia outlook

Overview: Saudi Arabian economy

Inflation in Saudi Arabia has been well under control and the consumer price inflation has been negative over the last six years. Inflation, as measured by Consumer Price Index, was 99.6 in 2005, as compared to 98 in 2002. Foodstuff s & beverages were the only prominent items, which saw an increase as the index moved from 98 in 2002 to 106.5 in 2005.

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Source:- IIPM Editorial, 2006

Author:- Prof. Arindam Chaudhuri

IIPM Dual Specialisation IIPM Faculty IIPM GOP IIPM Campus Resources

Rape/Kill @ $1600!

The callousness of the ruling elite gets highlighted by the fact that even for their own war returned soldiers who complain of Post Traumatic Stress Disorders, their Veteran Affairs Department shockingly plans to reduce their budget by half from the current $4.3 billion. This turning of back on the same soldiers who had been selflessly serving the Washington agenda in Iraq, benchmarks the administration’s hypocrisy towards its own people

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Source:- IIPM Editorial, 2006.

Editor:- Prof. Arindam Chaudhuri

Ja, doch!

No mention of Austria could truly be consummate without purring eloquent on the imposing Alps that snake their way partially through Austria. “Ja, doch! If it is the Alps that interest you, Vienna has the good fortune to be graced by part of the Alps ending in the Vienna Woods, known locally as Wienerwald,” enthused my genial guide, with the gleam of a bounty hunter striking the proverbial pot of gold!

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

Thomas ‘Cook’ing an expansion deal

Tour operator major, Thomas Cook India Ltd. declared its amalgamation plans with LKP Forex Ltd., the foreign exchange arm of LKP Group. The LKP Group offers a gamut of financial services ranging from Merchant Banking to Treasury & Fund Management to Equity Research as well as Foreign Exchange Broking. The parties have signed a non-binding MoU for the merger. Thomas Cook has decided against splitting of its equity shares for the same purpose. The new entity would have presence in over 46 cities, with 145 branches, thus helping to increase the retail presence of
Thomas Cook in India.

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Editor:- Prof. Arindam Chaudhuri







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MANAGING & EXERCISING YOUR MOTIVE

Even trickier and more important than recognizing an overactive drive to achieve is figuring out how to channel that drive into new behaviors. Dean McAlister, Senior Pharmaceutical Sales Director with AstraZeneca, found himself promoted to a management position early in his career. He was talented, sincere and hardworking, and at times he drove people crazy.

While he took pride in his high achievement approach, others saw him as arrogant, impatient and manipulative. “Dean was known for his 3 a.m. e-mails,” said one colleague. “That was his normal pace – everything was a priority.”

McAlister stayed ahead of the industry’s information curve, regularly rising before dawn to study the latest market trends. But by always providing the answers, he stifled the input and creativity of his team members. He didn’t realize this until his manager told him.

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Editor:- Prof. Arindam Chaudhuri

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Government on divesting spree

The Union Cabinet has decided to divest 10% of the government’s stake in Nalco and Neyveli Lignite Corporation (NLC), despite the Left opposing the decision (as always). The revenues collected from the sales of stakes through the book building process would amount to Rs.26.28 billion. This divestment follows the central government’s decision to sell off 5% of their stake in Power Finance Corporation (PFC) and their 15% stake in National Mineral Development Corporation (NMDC) during early 2006. With those sales the government was expected to collect Rs.35 billion, and the merchant bankers, who will look into the issues, have already been appointed. We surely give government the credit for bold move that others could not make.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

THE POWER OF DREAMS...

“The Indian market continues to grow. Our plan is to increase sales, centering on such highly regarded models as the Jazz and Fit,” states Takeo Fukui, global CEO, Honda. While entering the Indian market in 1997 with the Honda City, Honda was well aware of the fact that ‘Honda’, in India was considered a prestigious brand, and the premium segment seemed to fit in perfectly with Honda’s ‘testing waters’ strategy as Honda did not want to enter the volume-driven compact segment. In 2001, the company launched the then relatively unsuccessful Accord. But with appropriate market feedback, the subsequent launch of the updated version changed all that; and Accord became the segment leader. Even in 2003, despite various analysts shouting hoarse against it, Honda decided to redesign the Honda City (its original offering) and succeeded. The Accord experience helped in the smooth sailing for its SUV offering, the Honda CR-V, which instantly obliterated competition like Chevrolet Forester and Suzuki Grand Vitara XL7; India has surely been a pleasant feeding ground. But
will it really remain that way?

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Source:- IIPM Editorial, 2006, Editor:- Prof. Arindam Chaudhuri

“Reign of Terror”

And then, Patterson, with almost foolhardy courage, decided to bait himself to abrogate the murderous “reign of terror”. At dawn, Patterson started building a machan. When darkness fell, Patterson was sitting atop the machan, armed and alert. After hours of waiting in anticipation, I heard the first roar of the lion. “The roar was such that the very earth would tremble; where was a man who didn’t feel afraid?” Roshan Mistari, Tsavo, 1898.

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Source:- IIPM Editorial, 2006 Editor:- Prof. Arindam Chaudhuri

WITH A NEW ZEAL

Shifting focus from the socialistic pattern of economy to more market oriented one was the biggest news in the year 1991. Globalization, liberalization and free economy are a few words which started their usage in India after Manmohan Singh, as the finance minister, opened up the economy by lowering easing of many respective practices. Being the signatory of the IMF and dependent on its aids, India had to open up its economy by reducing tariff rates. The is opened the doors for foreign players to invest in India and also allowed foreign technology to be used in the Indian industry. The e present growth rate of more than 7% is the result of such bold decisions.

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Source:- IIPM Editorial, 2006

Bofors booms

The death of innocence. One fine day, Rajiv Gandhi, seen as the new hope, was accused of receiving kickbacks worth Rs.64 crore in the buying of Swiss gun Bofors. V. P. Singh, once Rajiv’s finance minister, fell out with Rajiv and led the Bofors campaign. The amount is loose change today, but when Singh went around telling Indians that Rajiv was dirty, it shook the country.

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Source:- IIPM Editorial, 2006

PLATFORMS ARE DIFFERENT

Possibilities for forming new growth platforms arise when forces of change – such as new or converging technologies or changing regulatory environments – create the opportunity to satisfy some unmet customer need. When a corporation identifies a potential NGP, it can assemble the right portfolio of capabilities, business processes, systems and assets that are required to deliver products and services that satisfy these customer needs.

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Source:- IIPM Editorial, 2006

‘em rich landlords!

Worse, Book Running Lead Managers (BRLMs), with whom responsibility of managing the entire issue lies, almost always have run scot free. SEBI must realize that reports and press conferences look glamorous and lead nowhere, unless backed up by timely action. Robin, that’s the way to go with ‘em rich landlords!


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Source:- IIPM Editorial, 2006

Trinamool Congress, led by Mamta Bannerjee

But the Left Front’s brute majority is slated to be reduced drastically, and the Trinamool Congress, led by Mamta Bannerjee, will display a remarkable improved performance (if not in actually going ahead and winning the elections – since the survey results only indicate the position after the first three phases, and two more are yet to go). In fact, results of the independent survey indicate that a clear pre-poll alliance between the Trinamool and the Congress could well have brought almost 30 years of uninterrupted Left rule to an end in West Bengal.

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Source:- IIPM Editorial, 2006

Problem-solving:

Aviva Life Insurance customers express that the comprehension of the company’s customer service representatives as its ‘Herculean’ point which is further coupled with definite edges like expressiveness. Aviva Life Insurance occupies the top slot in the problem solving parameter but overall, the king of the life-insurance jungle is TATA AIG.

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Source:- IIPM Editorial, 2006

Unless Europe adopts standardised regulations, banks will suffer

Ithurts the industry.. costs of meeting differing regulations are too high.” Addressing the shareholders at the annual general meeting last quarter, John Bond, HSBC’s chairman, summed it up well, “Sensible regulation is fine; not all regulation is sensible.” HSBC had to spend $400 million (3% of its pre-tax profits) on servicing regulatory requirements last year.

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Source:- IIPM Editorial, 2006

IIPM ARTICLE

It is clear that Boeing has again failed to meet delivery schedules. This evident inability to fulfill committed deliveries could well be the biggest critical failure factor for Boeing; and unless this issue is addressed most urgently, Boeing can never hope to overtake Airbus.

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Source:- IIPM Editorial, 2006

Publication and Research, IIPM

Once the lost cases are left to die a natural death and Japanese companies restructure their operations to become more competitive without bailout packages, there is little doubt that consumer and investor confidence and GDP growth rates will get a leg up. By showing clear signs of growth and revival, the Japanese economy has the best opportunity in one decade to break out of stagnation. It needs a brave Koizumi to do the needful.

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Source- IIPM Editorial, 2006

The policy agenda for the US - IIPM News

The policy agenda for the US that Bush wants to leave behind is fairly clear: less taxes for the better off, more tax breaks for big business, less regulation of industries, less control over monopolies, less money for social welfare and higher spending on defence. Analysts are of the opinion that what is happening in the US now might resemble what happened in Britain after former Prime Minister Margaret Thatcher left her deeply conservative legacy.

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Source- IIPM Editorial, 2006

People filing petitions in courts - IIPM Publication

Both have sent notices to the Union Finance Ministry. The two Madras High Court orders are not isolated cases. There have been reports of people filing petitions in courts all over the country. Alarmed by the spate of these court cases, the Finance Ministry is planning to send the whole issue to the Supreme Court for a clear direction on the validity
of FBT.


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Source- IIPM Editorial, 2006

South Korea is the largest market share in chip-building (IIPM Publication)

At present, South Korea has the largest market share in chip-building in the world with companies like DRAM semiconductors, TFT-LCD, and others. As per World Trade Organisation figures, even in ship building, the nation’s overseas orders amounted to $30.2 billion in 2004.

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Source:- IIPM Editorial, 2006

Political gamesmanship over India’s reservations policy could cast a shadow over India’s ambitions of emerg¬ing as a global economic power in the 21st

Over the query of giving compensation to backward classes for past suffered deprivation, Dhaka of PHDCCI says, “The compensation... for deprivation in yesteryears should not extend to tomorrow and become a counter weapon which makes others suffer the same fate.”

Advocates of reservation argue that due to the ongoing policy of liberalization and privatisation, the non-backward classes have benefited; and employment opportunities specifically for the backward classes have reduced. The data available from 939 employment exchanges in the country, as of September 2002, indicates that the total number of job seekers in those exchanges were of the order of 41.6 million (including backward and general classes).

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Source:- IIPM Editorial

Publication and Research, IIPM

In any case, middle class Indians have been contributing their mite in the forms of cess and taxes. They pay Rupee one for every litre of petrol bought by them to build national highways. They pay a 2% surcharge on income tax as an education cess. This retrograde step is more like the old repressive era where all businessmen were considered crooks and ‘inspector raj’ was more the rule than exception. Surely that is not what you actually think, Mr. P. Chidambaram?

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Source:- IIPM Editorial

Publication and Research, IIPM

This deal is costing Bharti Rs.10 billion. Bharti also signed up a deal with Nokia to expand its cellular operations in eight circles; costing Bharti Rs.5.8 billion. These strategic outsourcing alliances have also helped Bharti gain customers outside the standard retail segment. For example, in August this year, the Finance Ministry selected Bharti group, along with IBM, to jointly network all the Income Tax offices across the country, a deal worth billions of rupees for Bharti.

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Source:- IIPM Editorial

Publication and Research, IIPM

Our million odd dog-tired middle class moping through the blaring horns of cars, motorcycles and buses assembled at traffic lights akin to pieces of a jigsaw puzzle while breathing in the invisible fumes of killer carbon monoxide, tip toeing through the spit scarred streets.

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Source:- IIPM Editorial

Publication and Research, IIPM

This annual migration becomes the axis of the savannah grassland eco-system; and during this period, almost every ecological interaction becomes a function of this exodus. While the gnu often have other herbivores like the Burchell’s Zebra for company, their numbers are relatively low.

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Source:- IIPM Editorial, 2006

Stop giving subsidies to the rich (Publication and Research, IIPM)

Compare this with profits of more than Rs 400 billion in the previous year. It is the opportunity cost of subsidies that would be the most damaging for the country. If the Rs.600 billion forsaken by the oil PSUs were available to them, they could have added more than 15 million tonnes in refining capacity. To put things in perspective, the subsidy enjoyed by the rich could have financed almost the entire amount required by Finance Minister P. Chidambaram for the Rural Employment Guarantee Scheme for fiscal 2005-06.

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Source:- IIPM Editorial

Power theft can be curbed (IIPM Publication)

This is the prime reason behind widespread street protests in cities like Delhi. Unable to stop theft and dacoity, private distributors like Reliance and Tata have hiked tariffs for legitimate consumers who pay their bills. This is like Mr. P. Chidambaram hiking tax rates for honest tax payers to compensate for the unscrupulous who evade taxes. Power theft can be curbed – but only if politicians at the local, regional and national level stop thinking that it is a kind of patronage that can be doled out to loyal supporters.

Source:- IIPM Editorial

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copyright: IIPM-2006