It’s the price stupid

With every commodity getting personalised, how could education be left behind? E-tutoring, or teaching through the internet is fast evolving as a mode of personalised affordable education. Once considered ‘just another business model’, the interesting part is that studies have now shown that this industry is worth more than $8 billion dollar in US and growing at an exponential rate. One reason for this sudden growth is the fact that e-tutoring firms are providing services mainly to the US market at extremely competitive prices. These service providers are charging as less as $2.50 per hour. Compare this to the standard US tuition price rate, which is currently at $40 per hour. Creditably, these e-companies offer a gamut of subjects ranging from Geometry to Geography; and again, for all possible age groups. Some of these firms are now tapping the gargantuan Chinese market for providing English education via e-tutoring.

But then, apart from being ‘good business’, this model holds no hopes for increasing literacy in developing nations, because of ridiculously low levels of internet penetration – averaging 0.05%.

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Source : IIPM Editorial, 2006

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

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...is going to devastate India’s economic system; unless RBI cleans up... fast!

To control rupee appreciation (due to the huge capital inflows), the RBI kept buying foreign exchange, consequently releasing local currency in the market. And to control this excess flow of rupee into the economy, the RBI kept hiking the CRR (Cash Reserve Ratio) requirement of banks – but most unprofessionally, the hike was to such levels that money supply, instead of remaining at constant levels, has tanked to unmanageable lows; a situation that saw the BSE Sensex crashing on April 2, 2007, by its second largest fall ever. The hilarious part of it is that RBI itself is not clear about the objective that it should give priority to. Mirroring this perspective, Ratnesh Kumar, Research Manager, RR Finance, comments, “(RBI’s) monetary goals and exchange rate goals seem to be participants in a tug of war.”

B&E’s meetings with RBI officials have ended with them either putting the onus on other departments, or not even responding. Unless the RBI urgently clears up the conflicts within its internal departments, the mother of all money supply crises is facing India right now!

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Source : IIPM Editorial, 2006

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

Read more:-

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The ‘Real’ty world of cheaters!

To prevent this open loot, the Supreme Court recently issued a notice to the central and state governments seeking guidelines from them on the mass media advertisements carried out by real estate companies and builders. The Apex Court’s intervention was prompted by a public interest litigation (PIL) filed by NGO, Sanrakshak (the Protector).

The genesis of the problem lies in the fact that builders issue illicit advertisements stating that they have government approval for a particular real estate project. The seal of government approval often leads the gullible public to believe that project is genuine and that their money is going into safe hands (that too without proper paper-work!). Misusing media through larger-than-life pre-launch blitz, the real estate developers draw advance from the public for factitious ventures. After a certain time gap, these fl y-by night operators vanish into thin air siphoning off millions with impunity. “These pre-launches sometimes are corporate frauds masquerading as news items. Media must insist on a signed brochure stating what the touted features are, so that responsibility can be fixed. At present, if someone invests based on media reports, he is exposed, as later on the real estate operator can always suggest that the media got it wrong,” emphasised Harish Salve, a noted lawyer and former Solicitor General of India, while talking to B&E.

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Source : IIPM Editorial, 2006

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

Apartheid?!?

Any Indian worker toiling in the deserts of any sub-Saharan country probably has as much love and respect for India as any Indian IT professional in the Silicon Valley. But then, the negatively biased behaviour of the Indian government towards this section of workers is clearly nepotistic. For example, the PIO (Person of Indian Origin) card has been reported to be easily accessible to any NRI migrant from the US, but quite impossible to attain for an Indian stationed in any African country.

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Source : IIPM Editorial, 2006

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