Let’s bow down to SEBI in shame!

Well, that must be an exaggeration, right? How could SEC (through the Corporate Fraud Task Force; July 26, 2007 data) tout 1,236 final convictions in the past five years, while SEBI have very few? Shamefully, the fact is that not only does SEBI have less than a handful of convictions annually to boast of, but also that even the number of investigation cases being completed has declined by a massive 55% (from 179 in 2005 to a pathetic 81 in 2006), & that too when all indices are rocking up to historical highs!

Be it the IPO scam, wherein SEBI issued interim orders against Indiabulls & Karvy, or be it the decision to ban Ketan Parekh, or the promoters of Adani Enterprises from entering capital markets, due to the utterly shallow prosecution procedures of SEBI, firms have found it too easy to get stays on orders issued by the regulator (On July 14, 2007, SEBI suffered another of the by-now-familiar nose cuts when Securities Appellate Tribunal – SAT – set aside SEBI’s order against Adani).


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Source: IIPM Editorial, 2008

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

IIPM Arindam Chaudhuri 4Ps Business & Marketing Business & Economy Kkoooljobs Planman Media Planman Consulting

Planman Marcom Planman Technologies Planman Financial Planman Motion Pictures GIDF The Daily Indian IIPM Think Tank The Sunday Indian

“HR outsourcing is at a very nascent stage in India today, in comparison to the US & the UK”

Besides the regular, temporary & permanent staffing solutions, ‘Ma Foi’ also offers a unique staffing solution for the top management levels, as well as for the companies that are on the verge of commencing operations in India. For Ma Foi, the link with the client is not just restricted to providing staffing solutions. So when overseas clients set up shop in India & start Greenfield projects, Ma Foi offers them inter-management services till the time it takes them to set up their offices, get their licences etc. Till then, the CEOs & other key personnel are on the payrolls of Ma Foi. Once the office is set up & requisite licences are obtained, Ma Foi shift s back into the client mode. Hastha feels, “Organisations are comfortable subscribing this service from us, because Ma Foi is a much respected organisation, around the world & it solves their problems many folds.”

Ma Foi keenly understands its client’s needs & trains the staff to be employed on both soft & technical skills. Most of the training is tailor-made, but general training on time management, customer orientation, developing sales & negotiation skills is also imparted. Th e HR firm has come up with Ma Foi Employment Survey (MEtS) – a pioneering service offered by Ma Foi’s HR Statistical Research division that attempts to understand employment trends across 17 sectors.

In an increasingly complex marketplace, companies are continually being challenged to do more with less. In such a scenario, when companies want to do away with the nitty-gritty of HR management, they look towards HR Solution providers. However, till the time, issues like cultural mindset & psychological acceptance with regards to outsourcing are addressed, there is still a long way to go before we see increased levels of HR activities being outsourced.

For Complete IIPM Article, Click here

Source: IIPM Editorial, 2008

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

IIPM Arindam Chaudhuri 4Ps Business & Marketing Business & Economy Kkoooljobs Planman Media Planman Consulting Planman Marcom Planman Technologies Planman Financial Planman Motion Pictures GIDF The Daily Indian IIPM Think Tank The Sunday Indian

The global production of wheat has declined from 630 million tonnes to 600 million tonnes.

If you thought that was it, relax, the story doesn’t end here. Sowing the seeds for another mega scam, the government – ostensibly in order to maintain its reserve stocks (and bending to WTO pressures) – is going ahead and importing wheat at the rate of Rs.1,680 per quintal, when adequate wheat, costing Rs.800-1,000 per quintal is clearly available with the farmers. Numbing is the 27th report of the Parliamentary Standing Committee on Agriculture released in May 2007 that exposes the fact that government subsidies fail to reach 90% of the nation’s farmers. The government has also incurred the standing committee’s wrath for successfully subsidizing the most inefficient rural electricity boards, fertilizer and oil companies.

Even to say that India’s agriculture sector is going from bad to worse now sounds an unintellectual diatribe, repeated oft by almost everybody. But think about this – on July 18, 2007, Noble laureate (and Padma Vibhushan title holder) Norman Borlaug, regarded as the true father of the Green Revolution in India, Pakistan and Mexico, was awarded the US Congressional Gold Medal for his lifetime crusade to beat world hunger. The same Borlaug commented definitively that a second Green Revolution in India is just “not possible.” Dear Mr. Prime Minister, where in heavens do you see the Green in our revolution anymore? Pray, tell...

For Complete IIPM Article, Click here

Source: IIPM Editorial, 2008

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

IIPM Arindam Chaudhuri 4Ps Business & Marketing Business & Economy Kkoooljobs Planman Media Planman Consulting Planman Marcom Planman Technologies Planman Financial Planman Motion Pictures GIDF The Daily Indian IIPM Think Tank The Sunday Indian