Flow of capital has to be reduced; BIS and the IMF must take action
One thing that is all pervasive from Washing
ton to Wellington is ‘debt’ in its very true nature. Riding high on the profligacy of consumers & asset markets, debt has taken shape of all possible forms – from highly leveraged deals by the Europeans to growing credit card distress among Asian nations. But the assumption of fund managers about their gains from leveraged deals, those of who are issuing these credit derivative that the counter-party default won’t occur, and that of an ordinary consumer that credit cycle will continue to be like what it is now, is perhaps the biggest fallacy gripping fund managers & individuals. Optimism of investors is at an all-time high; the gap between the yield demanded by investors to hold high yield, high risk US corporate debt and government bonds fell to the lowest ever on June 5, 2007.
For Complete IIPM Article, Click on IIPM Article
One thing that is all pervasive from Washing
ton to Wellington is ‘debt’ in its very true nature. Riding high on the profligacy of consumers & asset markets, debt has taken shape of all possible forms – from highly leveraged deals by the Europeans to growing credit card distress among Asian nations. But the assumption of fund managers about their gains from leveraged deals, those of who are issuing these credit derivative that the counter-party default won’t occur, and that of an ordinary consumer that credit cycle will continue to be like what it is now, is perhaps the biggest fallacy gripping fund managers & individuals. Optimism of investors is at an all-time high; the gap between the yield demanded by investors to hold high yield, high risk US corporate debt and government bonds fell to the lowest ever on June 5, 2007.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
hide its failure to contain militancy with an increase in the number of battalions for ITBP, SSB and CRPF in addition to a plethora of India Reserve Battalions, the needs of the hour are a vibrant intelligence gathering mechanism, and of course, higher salary. It is an irony that even when the extent of risk for a paramilitary personnel is in no way less than that of an army personnel, when it comes to compensation, it is still much less. At a time when terrorism is bent on destroying India’s social fabric, the ones who guard us oft en go unnoticed. Well, not every mob battle is a Kargil, eh!
continue with the mayhem in Kashmir, given the near huge deployment of CRPF, BSF and army, it is paying back the defeat of 1971 by making Bangladesh its new pawn. In the recent blasts in Malegaon and in Mecca Masjid in Hyderabad, there has been clear evidence of the involvement of the Bangladesh based radical Islamic group HUJI. In the same league, there is enough evidence to believe that Naxalites and ULFA, who otherwise are diagrammatically opposite the Islamic ISI in terms of ideology, are getting much monetary and technical support from across the border.So what’s the solution for India to use? In reality, none but hyping up the fact that India is militarily far mightier than Pakistan. And that is because till date, the mentality of successive governments of Pakistan has bordered on being inanely childish, with diplomatic meetings being radical rants than intellectual discussions! And to such herds, it is not ‘tire’ diplomacy that works, but ‘fire’ diplomacy. And that is how India has to earn peace.. through fear, and not through love!
giant proposes to enter the Turkish banking sector by investing $2.67 billion in cash to acquire Oyak Bank. It was also planned that the financial bigwig would invest swiftly for extending its footprint in terms of market share by opening more branches, improving marketing and escalating internet banking. The Dutch banking group while continuing to focus on its core strengths of pension and emerging markets, had till now opposed large acquisitions. Last year’s ABN Amro fantasy, a Dutch banking rival now in the middle of a takeover, changed all that though.
are major retailers in the United States – for taking a stand against cruelty, and I predict that others will follow as they learn more about the suffering caused by India’s leather trade. During PETA’s investigations, they have seen animals transported in suffocating conditions: Fifteen to 20 cows, or more, are crammed into trucks meant to hold only five or six. Many animals die en route. Animals who are too sick or injured to walk are dragged and beaten. At municipal slaughterhouses, animals are slaughtered in full view of each other, which is illegal, and cows look helplessly on as their companions slowly bleed to death. Unless the industry takes immediate steps to reduce this suffering, I’m sure that other retailers and designers – as well as caring consumers around the world – will also stop buying leather from India. We have so many other choices these days. There was a time when animal abuse in the skin trade, and other industries for that matter, went unchallenged, but more and more people are willing to take a stand and boycott cruelly produced products.
fire has a positive ecological role to play as well, as it helps maintain health and diversity of forests. However, rising temperature due to global warming dry up more than just the land. When dry trees and plants rub against each other due to dry winds, they display a process which helped mankind reach this far, ‘starting a fire’ but in this case it translates into a perilous pyre. The high amount of carbon dioxide (CO2) emitted in the atmosphere makes it a vicious cycle, as forest fires become both an outcome and a cause of global warming. As global temperature rises due to deforestation and industrial excesses, like its effect on other destructive natural phenomena, the frequency, intensity and the domain of destruction is amplify ed for forest fires as well. The Canadian Forest Service (CFS) has developed many advanced systems and tools which would be able to monitor and describe forest fire activities. CFS has had a research team since mid-1920s and Canada is now world’s best in forest fire research and management in a way which would help sustain a healthy forest but spectre of global warming will take some exorcising.
Institute (TERI) states that companies in the power business can tremendously benefit given that power transmission in India comes with a large percentage of transmission & distribution losses, which, if reduced, can automatically qualify for credits. Similarly, fertiliser companies too are suffering notional losses to the tune of 20 to 30 million euros. Firms like Tata Chemicals, Chambal Fertilisers et al have failed to take carbon advantage. But then, which countries can Indian firms sell these credits to? “India is not amongst the Annexure 1 nations (as per Kyoto Protocol), which means that India is eligible to sell credits to those nations that are in Annexure 1,” remarked TERI’s Dr. P. P. Bhojvaid to B&E. To the chagrin of the US, India, as also China, South Korea and some others, are currently exempted from adherence to Kyoto Protocol’s emission limits! And the ‘fashionable’ philosophy visibly running around is, “If you have it, why not fl aunt it?” Of course!
acquiring Taro Pharmaceutical Industries Ltd. The deal (worth $454 million) will be funded with interior accumulation and proceeds from its FCCB. This multinational has its footprints in U.S., Israel and Canada, of which North America begets more than 90% of Taro’s sales. Dilip Shanghvi, Sun CMD, stated that the company looks forward to working with Taro and its employees further ahead. It’s the apt opportunity for the duo to create increasing value and add a complimentary multinational organization to Sun’s business. More so to the deal, there are bright chances to build on Taro’s expertise in dermatology and paediatrics, along with its speciality and generic pharmaceuticals and over-the-counter products.
