Wednesday, March 31, 2010

An icon in exile

At the age of 95, and away from the land that inspires his art, painter M.F. Husain has lost none of his legendary flamboyance and passion for life. Here, in an intimate, freewheeling interview with Parvez Ahmed in Dubai, he bares his heart. The artist talks about his early years, his decision to take up Qatari citizenship, his likes and dislikes, and the many things that still keep him going

You have been out of India for a long time. Don't you miss your friends, fans, the alleys and the neighbourhoods, the bazaars?
Memories have their own ways of touching your heart…I have spent the best part of my life in India. But cell phones and computers have made the world smaller. I can talk to anybody whenever I feel like. I keep in touch. Distance does not matter anymore. I can say that I don’t miss anything… (Smiles)

So, are you cutting yourself off?
How can I? I am an Indian and I will remain an Indian. Just because I've become a Qatari citizen doesn't mean I will lose my Indianness. I'm getting NRI status, which means a lifelong visa and I can buy property anywhere in India.

When do you hope to return?
I will. I don't know when, but certainly in the near future. At the moment, I have two big projects in Qatar. I am doing a series on Arab civilisation. Then in England, I will be working on a series on India. I can never get away from India.

What pushed you towards painting?
I was fond of drawing since childhood. I never threw tantrums for anything else apart from eraser, pencil, paint and brush. I used to draw on every possible empty space. My relatives gave up on me. They often said I would neither land a decent job nor find a girl to marry. They were right. I never had a job in that sense and the girl I loved was not allowed by her parents to marry me. In Indore, there were two large portraits of Maharaja Yashwantrao Holkar and his queen. I used to look at them for hours. I was later told it was painted by the French painter Brancusi who had stayed for two years in Indore on the invitation of the Maharaja. I used to think that had they given me just two days, I would have produced better work. As I grew up, I began participating in events. I used to closely study the paintings of great painters of that era and before.

It is generally believed that your iconic horse was also born in Indore?
During Muharram, people used to make huge taziyas and decorate horses. I got attracted to them since my childhood. In fact, I used to visit Imambaras to see horses. And then, as time passed, I started to incorporate them in my paintings. I did a lot of experiments. I saw horses of different breeds—Chinese, Japanese, Turkish and Arabian. From them, my horse took birth. It is altogether different. If you watch closely, the hips of my horses have a feminine touch, and that is why they look so attractive.

You were nominated to the Rajya Sabha but never showed any inclination towards politics…
My personal belief is that every person should be politically aware, must have an ideology, a point of view and should have political street smartness. But, having said that, I also maintain that an artist must detach himself from all these. He should be away from active politics. During my growing days, I heard the speeches of several people, Gandhi, Nehru, Jinnah and Hitler, to name a few. However, I did not get carried away. I supported whom I thought to be prudent. But I never became a part of their politics.

You also saw the days of the Raj…
I hated them. I used to be furious at people who were hangers-on. In many of my initial paintings, I protested against their policies. Way back in 1930, I made a painting where I showed a British lying on the road with a dog beside him. They used to hate us and the same hate I reciprocated in my paintings.

And when Partition happened, did you think of migrating to Pakistan?
Never. I was always against the Partition. Leave alone going there, I barred the letters of one of my brothers-in-law who had migrated there.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-



Outlook Magazine money editor quits
Don't trust the Indian Media!

Tuesday, March 30, 2010

ULFA’s last gambit?

The banned outfit’s fugitive chief Paresh Barua may seek Maoist help in a bid to bounce back, reports Monalisa Gogoi

Facing growing heat from security forces in Jharkhand, West Bengal, Bihar and Chhattisgarh, Maoist rebels are believed to be looking towards the north-east to forge new partnerships and set up hideouts. According to intelligence reports, they have already begun to send out feelers to dormant militant outfits in the region, especially the United Liberation Front of Asom (ULFA), whose self-styled commander-in-chief Paresh Barua is still on the run.

The Maoist game-plan is to help north-eastern militant organisations regroup so that the security forces are compelled to ease their anti-Naxal offensive and turn their attention to other disruptive outfits. This, the Maoists feel, will give them some breathing space and allow them to bounce back.

Until last year, the North-East was a beehive of militant activity. But during the past year, the region has experienced relative calm. With ULFA indicating a willingness to come to the negotiating table, Assam has been largely incident-free during the period.

Dima Halom Dauga (DHD-J), referred to as Black Widow, had unleashed a reign of terror in North Cachar Hills of Assam. Hundreds of innocent people had lost their lives in barbaric attacks by the militant outfit. DHD(J) surrendered last year and the people of NC Hills heaved a collective sigh of relief.

After the arrest of ULFA president Arabinda Rajkhowa and top leaders of the outfit like Shasha Choudhury and Chitraban Hazarika, it was assumed that the banned organisation had lost ground. Moreover, after their release from jail, ULFA vice president Pradip Gogoi and Mithinga Daimary have been travelling around the state to mobilise a consensus for government-ULFA talks.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-



Outlook Magazine money editor quits
Don't trust the Indian Media!

Friday, March 26, 2010

lessons from the past

The rotational chief minister system was experimented with by the BJP and the BSP in 1998 in Uttar Pradesh where a deal was stuck under which Mayawati was to be chief minister for the first six months of the coalition government following which the BJP’s chief minster nominate would have taken over. BJP got the posts of deputy chief minister and leader and deputy chairman of the Legislative Council. However, merely 28 days after her six months got over and Kalyan Singh became the CM, Mayawati did a volte face and withdrew support.

When the Congress and PDP formed a coalition government in Jammu and Kashmir after the 2002 elections, they had decided to share the post of the chief minister for three years each. They had shared power accordingly starting with PDP chief minister Mufti Muhammad Sayeed at the helm. The transfer of power was smooth and Ghulam Nabi Azad took over after three years. However, the PDP never came to terms with the reality and a section of it never actually wanted Azad. In short, they were looking for an opportunity to withdraw support. It came in the form of the Amarnath land issue, following which, PDP left the government in a lurch.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-



Outlook Magazine money editor quits
Don't trust the Indian Media!

Thursday, March 25, 2010

“I’m not arrogant!”

Shahid Kapur Opens His Heart Out To Subhash K Jha

Do you enjoy the newly-earned reputation of a casanova?
I’d say that 80-90 per cent of what is written about my private life is false. I wouldn’t say I haven’t been in a relationship after my last very public relationship (with Kareena Kapoor). But now I’ve become far more guarded about my private space. I think it’s time people recognise that even public figures have the right to their private space. Of course, people are curious about my life. And there will be a little bit of transgression into my private life. It’s up to me to draw that line.

Even your roles reflect your new boy-grows-into-man persona?
I played these sweet boy next door in “Ishq Vishq” and “Vivah”. Now I’ve played a kamina in Vishal Bharadwaj’s film. Even my directors started casting me in these not-so-sweet roles. Now I’ve gone to Papa (Pankaj Kapur) and asked him to direct me in a nice sweet love story to retrieve my innocent boy next door image.

Your innate sense of shyness is often misconstrued for arrogance?
I know I have that reputation. But it’s not well-earned. And some of this reputation comes through my performances. If the character is required to be arrogant that’s how I’ve to play it. In “Kaminey” I played a double role, one arrogant, the other unsure and compassionate.

Does it hurt when you are called arrogant?
I’ve got used to hearing that I’m arrogant for five years now. I’ve gone through various stages, trying to come to terms with that reputation. I even tried to change my behaviour to come across correctly. Eventually I reached a stage where I realised that the people I matter to and those that matter to me, are with me and believe in me. There are so many things said about an actor, and all of it is not true. I don’t get affected by all this. Very honestly, if I was arrogant my family would’ve pulled me up for it.

So how would you describe yourself?
I’m not arrogant! I’m confident but reserved. I suggest people get to know me better before deciding. I don’t believe in looking back or making an exhibition of myself about the wrong done to me. I hate that kind of emotional self-indulgence.

Tell me about your beginning?
I was born and brought up in Delhi in a rented place in Saket. Till I was 10 I lived with my grandparents. My parents separated when I was three. I had no clue that at the age of 28 I’d be a decently successful actor. I feel that God has given me way too much. I’d be really stupid to dwell on things that went wrong in my life. I truly believe that whatever goes wrong finally comes out right in unexpected ways.

Why are your films relatively few and far between?
I've come to know many things about myself. I've realised I only like doing one film at a time. I don't quantify my assignments consciously. If I like five films, I'll do them all. After “Vivah” I didn't like anything that was offered. So I sat home for six months until “Jab We Met”. But yes, I must admit that today I feel more responsible towards myself as an actor than I did earlier. It's the place I'm in now. But I'm only 29. And I don't need to take myself that seriously. But one thing is for sure. I won't go on a film set until I'm convinced about the script. I think, for an actor, being part of a good film is more important than giving a good performance. And it's good films that give an actor the position where he can pick and choose. It has to be the script that excites me and a director whose work I like. It's also about the state of the mind. If I'm in a dark place I might do a comedy.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-



Outlook Magazine money editor quits
Don't trust the Indian Media!

Tuesday, March 23, 2010

Not safe in their own land

Cops arrest headmaster for ‘raping’ four girl students

Relation between teacher and student is pious. But the rape of four tribal girls at a school last week in a remote village of Orissa has made teachers hang their heads in shame. Besides, it also exposes the vulnerability of tribal girls studying in residential schools managed by the state government.

After news broke out that a headmaster and two employees of a government residential girls school of a tribal-dominated Nawrangpur district were arrested for raping four girl students for months, the whole state was in the grip of shock. The complaint was filed by a lady teacher when two of the girls were found to be having initial symptoms of pregnancy. These girls were studying at the Boda-Amada Sevashrama School in Koshamguda block, nearly 550 km from state’s capital Bhubaneswar.

The school that is meant to educate children from backward communities comes under the jurisdiction of the state government’s Schedule Caste and Schedule Tribe Welfare department. After the FIR was registered with the Kosagumunda Police station, headmaster Pradipta Sahoo, assistant teacher Iswar Bhotra and cook Padman Bhotra were arrested. This is not a one-off incident in the state. A number of girl students from tribal community had fled away from the N. Jhalarsing Kanyashram of the Gajapati district alleging ill-treatment and misbehaviour by some of the school teachers a few months ago.

Government has also confirmed that the incidents of sexual harassment in kanyashrams (residential girls’ schools) have soared. Earlier, the Nabarangapur sexual harassment case had rocked the Assembly. Members of the opposition demanded action against teachers and others involved in sexual abuse of tribal girls. State Scheduled Tribe and Scheduled Caste Development Minister Bijay Ranjan Singh Bariha assured leaders that stringent action would be taken against the culprits. Though government expressed concerns over the incident but it has failed to punish the culprits, claim leaders. This has forced many girls to stay at home.

A survey confirms that school dropout rate of Scheduled Caste girls in Orissa in the upper primary classes is 78 per cent. According to Gadadhar Sahoo, coordinator of Lisas, a voluntary organisation which works to provide education to downtrodden, the ground reality is scary. Jual Oram, former Union minister and president of BJP’s state unit, says: “Government staff sexually abuse tribal girls. Their security is at stake. The government should consider it seriously and I demand a judicial inquiry into the incident. ”
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-



Outlook Magazine money editor quits
Don't trust the Indian Media!

Friday, March 19, 2010

Green and guilt-free mobility

When it comes to mass transportation, green options are being developed aplenty, but almost all are failing the economic viability test. The IIPM Think Tank analyses the economic and social benefit of contemporary machines that will be green, clean and fast – but not necessarily in the same order of priority!

Ice Age, Stone Age, Bronze Age, Iron Age... one would think that we should have come of age after going through these multiple bouts of evolution. But then, mankind has had the penchant for reinventing itself every now and then.

We have displayed that ability exceptionally well with respect to our transport system. The invention of the wheel started it all. Evolution kept ‘happening’, till the time when the entire connotation of transport took a whole new meaning with the invention of the internal combustion engine (that used petrol and petroleum by-products), which laid the foundation stone of modern transportation and gave birth to a huge population of fuel-guzzlers and carbon-emitting machines. It also gave us the concept of black gold; for which many wars have been fought, apart from the spectre of pollution – that has not only contributed to global warming, but also has been the leading reason for cancer.

In the late 20th century, countries started to re-calculate the negative effect of mass transportation on the environment. The focus on power and speed started getting replaced with a focus on green transportation, at least in policy circles, to an extent that the vision of having green transport systems became no longer confined to a few developed countries (In most developed countries, on an average, transport systems consume between 20-25% of total energy – an issue that is motivating the developed nations faster towards alternative less energy consuming systems). Despite all the hullaballoo about the ecological benefits, the clear fact is that the economic benefits of the so called ‘green’ alternatives are absent, and in many cases, too prohibitive for Third World nations (the costs to implement such eco-friendly systems is beyond logical levels and extraordinarily huge – this is an insurmountable impediment considering that even at the current level, almost all public transport systems, irrespective of which nations we consider, are more or less running on losses).

The last decade saw the growth of numerous green systems. But most of them, by the turn of the decade, did not find takers. The much touted hybrids are a key example. A conservative estimate shows that the sale of hybrid vehicles, after so many years of promotion, constitutes just about 2.9% of total automobile sales. Similarly, usage of vehicles using natural gas (called CNG in some countries) is largely confined to transit buses and a few other modes of public transport. Hydrogen fuelled vehicles, even today, remain limited due to lack of a proper fuel distribution network. Electric vehicles have not caught the customer’s fancy due to high battery costs and recharge issues. Even though auto giants are already working on prototype cars powered by fuel cells like Mitsubishi i-MiEV and Nissan Leaf, their time will be tested only when they’re introduced. And the lesser said about the concept of high-speed railways and green air transport systems, the better (even though the bio-fuel based Virgin Galactic airline does stand out in its promise of making the carbon cost of each flight come down to 60% of a conventional aircraft’s).

Strangely, a few initiatives to reduce emissions from current mass transport systems have worked better than the ‘green’ lot, especially considering the fact that oil reserves – by recent estimates – are perhaps never going to get depleted in the near future (or even far, for that matter). In France, pollution-free nuclear electricity has helped trains reduce the carbon emission rate. Researchers are en route to developing more efficient and effective catalytic converters that would further break down the toxicity of vehicle emissions. Auto manufacturers are even focussed on bettering mileages on automobiles with every passing year. For example, as per US Department of Energy data, while the Toyota Landcruiser gave 12 miles per gallon (mpg) on the highway in 1985, the 2010 model gives 18 mpg. The Camary is better, giving close to 35 mpg in 2010!

It’s evident that rather than attempting to invest magnanimously in green spheres that have very less or almost no guarantee of succeeding, there’s heavier credence for attempting to improve what can be done in a short time – the mpg example of Toyota being a totem pole. Can the world stand up to that?
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-



Outlook Magazine money editor quits
Don't trust the Indian Media!

Thursday, March 18, 2010

The Survivor and the Sea

Sailing solo around the world is considered the maritime equivalent of scaling the Everest. Commander Dilip Donde of the Indian Navy is undertaking this rigorous, risky challenge of circumnavigating alone around the globe. Slated to be home in May, he will be the first Indian to have achieved such a feat. Now on the last leg of his voyage, Commander Donde writes to TSI’s Anu Gulmohar from his yacht Mhadei…

Tell us about your voyage. When did you set out? When are you expected to complete your journey?

I left Mumbai on 19 August ’09, stopped over at Fremantle in Australia, Lyttelton in New Zealand and Port Stanley, Falkland Islands. Hope to be back by end May ’10.

You were involved with the construction of your boat Mhadei. Tell us, what makes Mhadei perfect for such a long, difficult journey?

At 56 ft, Mhadei is a fairly large boat, which makes her fast and roomy. She is well-equipped, with all the modern navigation and communication equipment, and is easy to handle alone.

Most importantly, I have seen her grow and been involved right from the beginning. I know her well, which makes it easier to deal with the inevitable breakdowns and problems.

How long did it take to plan for the voyage?

I volunteered for this project in April 2006 and have been working on it full-time since December ’06.

How did you train for the voyage?

In September-October ’06, I went and worked with Sir Robin Knox-Johnston when he was preparing to take part in the Velux 5 Oceans – The Ultimate Solo Challenge. That gave me a fairly good idea as to what was required of the boat. As I could find time while the boat was being constructed, I tried sailing on any boat I could lay my hands on and finally landed up doing two trips between Mumbai and Kochi. Once Mhadei was ready, I sailed her through the trials, a trip to Colombo and back with a crew, followed by a trip to Mauritius with a crew with a solo return passage. There was, however, no formal training. It was mostly learning on the job, on your own!

In what ways did Sir Robin Knox Johnston help you with the project?

When we started the project we had very little idea about the whole thing. It’s only when I went and worked with Sir Robin that I started getting an idea as to what was required. He visited Mumbai in February ’07, when we were selecting the design, and gave a lot of suggestions. He again visited Goa in February ’09, once Mhadei was ready, sailed her for over a week, tuned the boat and suggested a whole lot of improvements. In between, we had been in touch regularly taking advice on selection of equipment, modifications and improvements to the boat, route planning and a whole lot of things. He has been and continues to remain closely associated with the project and apart from the boat construction and sailing, has taught me a whole lot of things about life itself!

The desire to sail solo around the world is in no way an everyday ambition. Have you always wanted to do this?

I had been interested in the idea of sailing across the oceans, as probably many of us dream. So, when the idea of this project was mentioned, it sounded so fascinating that I just said yes without a second thought, without really having any idea as to what I was getting into!

What is a regular day in the life of a solo voyager like?

Each day is different from the other depending on the weather, any problems in the boat, repairs or maintenance required, your geographical location etc. Some things remain common of course that along with sailing the boat you need to feed yourself, do any repairs or maintenance required and catch up on as much sleep as you can because you never know when you will need to stay awake next. So you try and adjust everything as best as you can.

Have you had any scary adventures till now?

Far more than I would like to remember!

How do you handle loneliness and boredom?

I don't need to handle them because they really don't affect me much. There is plenty to do on the boat most of the time. When there is time on hand, there is always a book to catch up on, a movie to watch, enjoy the sea, watch the birds or even answer question like these ones! Loneliness and boredom have never been a problem!

Once you finish this mission, what do you plan to do next?

Since the beginning of the project I have restricted my horizon to completing the trip safely and tried not to think beyond it as otherwise things were getting too much to handle. So, let me finish the trip first, and there is still a long way to go, then we will see!

What is the secret of the survivor?

I haven't got the foggiest idea really!
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-



Outlook Magazine money editor quits
Don't trust the Indian Media!

Wednesday, March 17, 2010

Messiah Hrithik

Playing a paraplegic in the upcoming Bhansali film “Guzaarish”, Hrithik Roshan has lost his heart to those who are really suffering from the ailment. While gearing up for his character, he interacted with many patients in order to get into the psyche of those braving the pain. Moved by the gravity of the disability, the reel life hero stepped up and offered to shoulder the responsibility of ten patients by bearing all their medical expenses. While God does what he has to, Hrithik sure has given them wings and rendered to their “Guzaarish”!
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-



Outlook Magazine money editor quits
Don't trust the Indian Media!

Saturday, March 13, 2010

Fuelling a new hope

Ever heard of Bhint Budrak? If you haven’t, chances are that you have no idea of the enormity of what this tiny village in Gujarat’s Surat district has achieved thanks to the success of an unusual "bank" – a bank that collects gobar (cow-dung) from residents and then supplies it to a biogas plant that takes care of the hamlet’s energy needs. The people of Bhint Budrak deposit cow-dung in the gobar bank and receive biogas at a nominal cost in return.

Bhint Budrak certainly isn’t the only village in the state that provides biogas to its residents. What sets it apart is the spirit that drives the project. Every single household is actively supportive of the process of change.

The results that the experiment has yielded in Bhint Budrak is in sharp contrast to how other villages have responded to the concept. Sometime ago, the state government had helped several other Gujarat villages set up biogas plants of their own, but most of these plants ran aground in next to no time in the face of apathy on the part of the people that they were meant to benefit.

The village of Methan in north Gujarat’s Sidhhpur taluka has had a community gobar gas plant since 1987. Most residents here use biogas that is produced by the plant. The sarpanch of Methan, Sultan Momeen, says, “It is difficult, but definitely not impossible, to construct and operate a gobar gas plant. It is crucial to involve the locals at every step.” Both Methan and Bhint Budrak are living testimony to that truism.

In Methan, the seeds of success were sown by the village leaders, asserts Momeen. “Everybody was actively involved from day one. The Central government sanctioned Rs 19 lakh for the project. The design and technology was provided by GEDA (Gujarat Energy Development Agency). The people of the village toiled day and night to construct the biogas plant.” A gas connection was provided to every household in Methan with the help of the central government grant. A co-operative society was then set up for the day-to-day administration of the community gobar gas plant. It is still up and running.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-



Outlook Magazine money editor quits
Don't trust the Indian Media!

Friday, March 12, 2010

IIPM News - Menagerie of The Gods

Once in twelve years is an intriguing frequency. The Maha Kumbh Mela is back, and Haridwar is hitting a spiritual crescendo already. Anil Pandey follows the holy trail...

It was a sight to behold, as there converged the devout, the curious, and the modern. On the day of the first holy bath at the Haridwar Kumbh Mela, men and women, young and old, teens and tots had thronged the banks of the Ganga looking to wash away their sins and attain Moksha (salvation) – that which the holy river promises to extend to all who immerse themselves in Her, particularly on such auspicious dates. Delhi University student Shameem, along with his IT professional friend Arvind Raghav; Devesh, an MBA student at Kurukshetra University; the young couple Vikas and Preeti, working in a multinational BPO in Gurgaon, and many others like them looked on in awe and reverence. At least here, you couldn’t tell they belonged to the same Facebook-Blackberry generation that seems to be cynical about anything to do with the religion, and dismissed all mysticism as superstition.

On 12th February, the day of Shivaratri that was marked as the Pratham Shahi Snan (First Royal Bath), over fifty lakh people, according to the Kumbh Mela administration, participated in the bathing ritual. The faithfuls believe that a holy dip during the Kumbh Mela helps end the cycle of life and death. In such trying times as ours, when uncertainty and chaos reign, more people are seeking solace in spiritualism, and more urgently. Vikas and Preeti affirm, “The corporate lifestyle has sapped the peace and tranquility in our lives, there’s so much tension now. We are aware that a spiritual outlook tends to bring in peace. Here in the foothills of the Himalayas, in Haridwar and Rishikesh, and on the banks of the Ganga, there is touristy fun as well as inner peace to be had.”

Shameem and his friends Arvind Raghav, Sandeep and Raj – who run an event management company – drove from Delhi to the Kumbh Mela. They claim to be out on a “spiritual tour” alongside plans to indulge in adventure sports like rafting. Says Shameem, “I am a Muslim, but the Ganga and Haridwar have always fascinated me. As soon as my friends told me their plans of coming to the Kumbh Mela to bathe in the Ganga, I readily agreed to join them.”

The enigmatic Naga sadhus and Hath yogis who perform penance for years at a stretch, are also an attraction for the youth. Devesh and his classmates from Haryana were drawn to Kumbh Mela for this very reason. “The world of the Naga sadhus is difficult to imagine. Talking to the chillum-smoking sadhus, their naked bodies smeared with ash, is an adventure in itself.”
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-



Outlook Magazine money editor quits
Don't trust the Indian Media!

Thursday, March 11, 2010

Rise of the phoenix?

History has shown that experiments like Third Front have failed miserably, but this time there's hope

In 1977 two parties came together to form Janata Dal and grab power at the Centre. The government fell after socialist leaders questioned dual membership of Bhartiya Jan Sangh leaders. In 1989 they formed a National Front comprising five parties but it suffered a stroke in November 1990 and ultimately died four months later. Seven parties got together in June 1996 to cobble United Front, suffered a stroke in April 1997 and died an untimely death seven months later. On March 12, 2009 ten parties came together once again to create the hype of Third Front (they are yet to find a fancier name for the group) and take another potshot at the government.

One could easily call it the rise of the phoenix or a result of adventurism of Indian politicians and electors, but Third Front is gaining strength with each passing day. The two bigger parties – Congress and BJP – together bagged 283 seats in 2004 elections. This time, there is a distinct possibility that their tally will be drastically reduced and put together won’t reach the halfway mark in 543-member Parliament. That leaves the scope for smaller parties to come together and form a coalition to grab power at the Centre.

Going by the past experiences, coalition of small parties have not been successful. They lack ideological meeting ground, have sky-high ambitions and a sharply defined regional focus. The first two experiments failed on account of ideological clashes erupting only after the coalition came to power, but the last experiment was ideologically still-born, cobbled up only as a marriage of convenience. Partners in the ruling alliance couldn’t agree on the name of its leader and twice it was selected by process of elimination– first it was HD Deve Gowda, euphemistically called Karnataka's Prime Minister and then came IK Gujral, who couldn’t win a seat. Now, Gowda has taken it upon himself a pre-poll alliance bringing together parties as diverse as Mayawati’s BSP and Jayalalithaa’s AIADMK, besides of course four Left parties and two Telugu parties – TDP and TRS – who don’t agree on creation of Telangana state.

AIADMK along with SP, Indian National Lok Dal, National Conference, Telugu Desam Party and a couple of other smaller parties was part of another still-born experiment – United National Progressive Alliance (UNPA) formed last year. But, soon Jayalalithaa fell out with SP Chief Mulayam Singh Yadav over UNPA’s leadership. Other parties too sided either with BJP or the Congress during the Confidence Vote sought by Manmohan Singh government last year.

The new Third Front has already come under fire from various quarters. Congress calls it the “biggest mirage of Indian politics” and BJP expects it to “vanish in thin air after elections” as most of its constituents would either go with the BJP or the Congress and SP leader Amar Singh fails to distinguish seculars from the “communal” among constituents of the new front.

But, political analysts feel the new Third Front can’t be taken lightly. They expect a “political mayhem” as declaration of results would be followed by vigorous pursuing of smaller parties by the bigger parties/alliances. “It is going to be really dirty and elected MPs and their parties would be more demanding than ever,” is how a BJP general secretary puts it. In case, it gets support from fence sitters like Biju Janata Dal, Nationalist Congress Party and Janata Dal (United), it could take on the two established alliance. Everything will depend as much on the outcome of next elections as on whether they have learnt their lessons from the three earlier experiments.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-



Outlook Magazine money editor quits
Don't trust the Indian Media!

Wednesday, March 10, 2010

La Maison Arabe (Marrakech)

Although luxury is only a state of mind, at the La Maison Arabe, this dream transforms into a very beautiful reality. Besides being one of the most magnificent hotels in the whole of Morocco, the La Maison Arabe has the finest location too. Offering an amazing blend of tradition and opulence, the hotel is the quintessence of Morocco’s hospitality, mysticism and tradition. The hotel has 17 rooms and suites, swimming pool, spa and a cooking school...something very unusual, especially in a hotel where there are translators who teach how to cook.

The view: Located at perhaps the best location in the pink city – Marrakech, La Maison Arabe promises its esteemed guests a lovely view onto the rooftop of the Bab Doukkala Mosque, one of the most prominent mosques in Marrakech. Archi type: La Maison Arabe accentuates the true meaning of luxury. Its aesthetics, rich architecture along with plush interiors and fine furnishings are a mark of excellent craftsmanship. This expertise has been handed down over centuries in order to restore and preserve the noble origins. Here the walls are covered with tadelakt (a coating that is hand polished with agate stones), gebs (intricately chiselled plaster), carved cedar, and the floors are made of bejmat (small sand-coloured bricks).

Bon appétit: Morocco is known for its exquisite cuisines and sinfully delicious preparations. Once you are at La Maison Arabe it is certain that appetisers would not be required to trigger those hunger pangs. It has several restaurants where one could savour traditional Moroccan cuisine. One could grab a light meal at the hotel’s Piano Bar or by the pool at the new restaurant “Les Trois Saveurs” (The Three Flavours), which offers International, Asian and inventive Moroccan dishes.

Around the corner: The La Maison Arabe is superbly located for sightseeing as it is in the heart of the city, the Jemaa el Fna (central square). Koutoubia (a 12th century minaret which is the symbol of Marrakech) and souks (the traditional marketplace) are at walking distance. After all the sightseeing the hotel also has the traditional hammam (bath) for relaxation.

From under the carpet: Since the city of Marrakech is nuzzled amidst tall buildings, the scope for a good view for those at the lower floors of the hotel is limited. In essence: A Moroccan holiday at the La Maison Arabe means a wholesome experience entailing fun, exploration, adventure, learning and pampering oneself to the maximum.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-



Outlook Magazine money editor quits
Don't trust the Indian Media!

Saturday, March 06, 2010

Cashing in on Cesarean?

Most women are hale and hearty and capable of an uncomplicated natural childbirth, yet surgical childbirths are increasing...

Any sort of experimentation with nature’s way always attracts attention and debate. Medicine in several ways has led to the triumph of human will over nature’s rules. But this time the world is divided over the delivery techniques of childbirth. Today, a mother can opt for a natural delivery or choose the surgical (Cesarean section) route, but a sharp increase in the latter method across the world has stirred widespread concern. While in the US, one in four children is born via Cesarean section (C-section), WHO has reported that one in five deliveries in India is by Cesarean too. Obstetrician David Campbell Walters in his book, Just Take it Out: The Ethics and Economics of Cesarean Section and Hysterectomy (1999) claims that in the US, ‘in 20 years, there will be no more vaginal births.’ If you look at Walters’ claim in light of the existing figures of C-section deliveries in metros like Mumbai and Delhi (20-25% C-section deliveries) and even in most provinces in China (where according to China Philanthropy Times, the average rate of Cesarean birth has reached 40 percent), his prophecy might actually become a reality in a large part of the world… But what is driving doctors and mothers-to-be to opt out of the natural vaginal delivery? Why do doctors like David Campbell Walters (though in minority) advocate that women be allowed to choose a pre-planned Cesarean?

“Apart from the straight visible medical indications that suggest choosing a Cesarean delivery, most of the doctors today want to avoid the possibility of lawsuits for any problems in the child arising during labour,” says Dr. Kiran Dua, an experienced Gynecologist associated with several health care institutions like Lamaze that advocate normal delivery. He adds, “Most of the doctors think that if they can get free in two hours with a Cesarean, why should they monitor someone for 16-18 hours in labour and take stress?”

But while a Cesarean delivery leaves the mother with a severe, longer-lasting pain and with a risk of infections, it may cause harm to the child too in the form of ‘accidental surgical cuts, respiratory problems, failure to establish breast-feeding, and asthma’. Most often, mothers agree for a Cesarean “at the initiation and encouragement of the doctor and then to avoid labour pain”, says 31-year-old Sejal, a mother of two, and adds, “I was ill-informed about the cons of a Cesarean and my girl does have a respiratory problem.”

Vaginal births are not all perfect too, and in cases of poor care and midwifery, they may lead to ‘alterations in sexual sensation and if forceps are used, it may lead to urinary incontinence.’ Cesarean, as an informed choice, is being advocated by many in the US who contend that the costs, risks and benefits of both the procedures are balanced. But “In India, the money a doctor makes in a Cesarean is double the amount you get in a normal delivery, that too with much lesser effort,” reveals Dr. Dua. This leaves Indians with the task of discerning if their doctor is really concerned about their health, or of his/her own vested interests...
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-



Outlook Magazine money editor quits
Don't trust the Indian Media!

Friday, March 05, 2010

From 9,903 to 17,641!

After the euphoric bull run of 2009 it’s the stock pickers who will rock the market in 2010. Gyanendra Kumar Kashyap uncovers the front-runners and dark horses...

The Indian equity markets churned out one of the best annual returns (a whopping 76.35%) in 2009 – a reflection of investor confidence in the Indian economy’s resilience. Nonetheless, even after the euphoric rally, a number of questions remain over the market’s future course, most critically pertaining to the future course. After the unidirectional trends of the previous two years, 2010 is likely to usher in a period of volatility with the market moving in a broad trading range for the better part of the year. The bullish sentiment is likely to continue in 2010, only that it will be more selective than being broad based.

Mid and small cap indices are likely to outperform the key indices in 2010. Analysts expect about 12-15% gain for the key indices in 2010 from the current levels. However, the focus would gradually shift from macro driven unidirectional market moves to stock-specific investment opportunities based on earnings growth and absolute valuations. Given the current scenario wherein there are apprehensions regarding reversal of interest rate cycle led by spike in inflation, adverse impact of the withdrawal of the economic stimulus, the fears of further fiscal slippage and the sustainability test of global recovery; the markets could turn edgy in the first half of 2010.

The benchmark index, Sensex, is in a position of relative safety since it has retraced close to 70% of its prior downtrend making re-test of March lows (8,047 level) highly improbable. And if equity experts are to be believed, then 2010 is well poised to bear good returns. Moreover, the government is likely to mop up more than Rs.240 billion by divesting stakes in several state-owned companies and the primary route for this fund raising will be through initial public offers (IPOs). This will certainly provide the much needed fillip to the market rally in 2010. In fact, there are analysts who believe that if history can form any basis for future and if historic average internal rate of return of 17.25% per annum is maintained, then the Sensex can even reach astonishing levels of 1,00,000 by 2020. Although that’s quite pleasing, one would assume it’s an expectation more belligerent than required.

Like others, Dinesh Thakkar, CMD, Angel Broking, too is of the opinion that banking & infrastructure are the two sectors that will outperform in 2010. His reasoning is based on the pick in economic activity and high spends on infrastructure. Apart from infra, capital goods (as the investment cycle picks up with a lag in demand), media, retail and cement (a dark horse that could surprise positively amid pessimism) stocks could well surprise the investor fraternity in 2010. Clearly, if you have excess money, this is the place for you. If it’s a matter of your life’s savings, stay out!

IT’S AN UNEVEN TERRAIN OUT THERE

Globally the investment markets are past the worst of the downturn and market drivers are trending up from all time lows, however, 2010 will likely be another challenging year for investors. Business activity in 2010 will continue to bear the scars of the global economic crisis. Stock markets, which have bounced back strongly, have further upside potential in 2010. But it will not be a one–way street upwards. Indices will react very sensitively to the changes in the underlying backdrop. Above all, the economic policy switch from a very expansionary to a less expansionary mode is unlikely to take place without rattling the markets. If analysts and research reports are something to go by, then temporary setbacks of 10 to 15% cannot be ruled out. But the underlying stock market trend is likely to be positive in 2010, with an overall gain of about 10% on the cards.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-



Outlook Magazine money editor quits
Don't trust the Indian Media!

Thursday, March 04, 2010

No Cash for Celebration!

Recession had hit every possible event from 'day of love' to sports!

The economic downturn was reflected on the Cupid as well, as a mundane celebration of this year’s Valentine’s Day was the proof of troubled times that the world is going through.

Talking about numbers in the US — the largest market for Valentine’s Day merchandise — the average spending per person was reduced to $102.50 down from $122.98 last year. In spite of a smaller budget, the purchase pattern did not change as 35.7 per cent of Valentine consumers in the US bought flowers; in sign with the last year’s trend when the figure was 35.9 per cent. 16 per cent purchased jewelleries as against 16.6 per cent in previous year, and 58 per cent went for greeting cards viz-à-viz 56.8 per cent in 2008. The fact that people had a cut-short budget was visible across the world. In Thailand where the populace celebrated Valentine’s Day and Chinese New year on the same day, they blamed economic recession, high prices of commodities and political problems for their low spending.

Recession impacting festives is just not confined to Valentines' day but also envelopes various other similar celebrations and events across the globe. Take for instance, a new musical fest in Kent. It was cancelled last year due to recession. In order to make sure that event organisers do not face a huge monetary lossses due to cancellation, events like Glastonbury, Sonisphere, Camp festival and Global Gathering, had schemes where audiences can pay for tickets in installments.

Festivals in the US are experiencing a bad time because sponsors have cut down their their budgets. Back home, in India, shop owners and trade analysts opine that due to the recession, Diwali sales had gone down by 15-25 per cent.

Even sporting events like NBA basketball against the Miami Heat on Feb. 4, 2009 in Auburn Hills, experienced a half-filled stadium, for the first time. Likewise, Japanese manufacturers Suzuki pulled out of the world rally championship, LPGA Tour featured fewer events, Major League Baseball has been hit by low attendance and sponsorships — to name a few.

The gloom of economic crisis had its dark shadow on super rich and on their conspicuous consumption with a reduced budget. A survey by National Retail Federation in the US has shown that people with high level income above $150,000 have sliced their spending by a quarter. As Richard Baker, chief of Premium Knowledge commented, “You have a level of social opprobrium about being labeled as ostentatious" and were "pulling back substantially." Be it love for food, sports, music or "love itself", when it comes to money everything seems to take a backseat, at least during recession.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-



Outlook Magazine money editor quits
Don't trust the Indian Media!