Showing posts with label Delhi. Show all posts
Showing posts with label Delhi. Show all posts

Tuesday, January 22, 2013

The company’s aggressive plans

Lalit Jalan, CEO, R-Infra, discusses the company’s aggressive plans in this exclusive with B&E

B&E: What is the strategy of R-Infra to deal with the competition?
LJ: We are looking at power generation. In transmission, we are the largest private sector transmission company in India. We are presently doing three projects worth Rs.40 billion in power transmission. In distribution we are again the largest private sector company. We have six million customers. We have got Mumbai, Delhi and Orissa which are all growing. We are the largest private sector ‘EPC’ player in the country. Then we are developing new projects in metro rail, roads, airports and atomic energy plants. In infrastructure we have 9 projects worth Rs.160 billion. So we are in a very good position. Our balance sheet is very strong. Our net debt position is zero which is very good in this sector. We always welcome competition. They are very healthy. Tata''s are very good competition.

B&E: What are the most critical challenges for Reliance Infrastructure in the coming years?
LJ: There are two types of challenges, viz. internal as well as external. Internal challenges relate to managing vendors, equipments, finance, retaining and hiring new talents. The external challenges relate to getting land, environmental and other regulatory clearances. We are very sure of internal challenges. But external challenges are taking a lot of time. Getting land is proving to be a very time consuming process. If you want 2,000 acres of land for starting a power plant, it will take a lot of time.

B&E: What are your future plans?
LJ: In the EPC business, power generation remains the prime focus. But we are also going into metro rail construction and electronic power plants construction. We are also tying up with some EPC companies in steel to do steel plant construction. We are also planning to tie-up with world leaders in metros & airports.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
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Friday, November 23, 2012

Stoned over sex

Gay pride surfaces on the streets of India and around the world...

“We are humans and are born like everyone else, but have feelings contrary to what is acceptable to the society. I am a guy and I love a guy, which means that people hate me and consider me to be different and weaker than others,” says Mayank, a front runner at the gay parade held in Delhi. On 29th June, 2008, Delhi, Kolkata and Bangalore played hosts to India’s first gay pride parades that drew a huge number of people. Holding placards with slogans like, ‘As good as you’, ‘Hindu-Muslim, Sikh-Isai, hetro-homo bhai bhai,’ the gathering marched peacefully through the streets, and was successful in making the Indian gays, bisexuals and transgenders surface and express their individuality.

Commemorating the Stonewall riots of 1969, which occurred in New York and kick-started the modern gay rights movement, homosexuals around the world came out on the roads holding high their rainbow-coloured flags. Like every year, parades were held in several countries and like India, Bulgaria and Czech Republic too held these parades for the first time ever. Though unlike India, those who assembled at Sofia and Brno were given a rather hostile reception. In Bulgaria; stones and gas-bombs were thrown at people attending the parade, while in Brno, right-wing extremists attacked the people with tear gas even before the march began! “I feel sorry to hear of such incidents where people do not respect people and cannot give heed to others’ feelings. I feel sorry for people who cannot accept us. At times we feel that we do not wish to be a part of this heartless society,” reacts Sachin, who had also participated at the parade.

“Hum honge kamyab ek din...” was the song on the lips of the people at the parade, and it showed the high spirits and firm belief of the activists that they would get their rights. All they want is that they should be recognised as a part of the society and people should not hurt their sentiments by mocking at them.


Source : IIPM Editorial, 2012.

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Thursday, August 30, 2012

IN THE INSURANCE IMBROGLIO, THE COMMON MAN IS THE SCAPEGOAT AGAIN!

Since the past two weeks, insurance companies proffering health insurance (18 major ones, including four public sector entities) have announced their decision to discontinue the cashless facility. Their argument – the bills from the bigger hospitals are inflated, which in turn is hitting their bottom lines! Reports indicate that the annual premium collected by the health insurers is around `8,000 crore whereas the outflow in terms of settlements is around `12,000 crore. Their biggest contention is that certain hospitals do not subscribe to the package rates provided by the insuring companies. And so, as a result, insurance companies have de-listed almost 150 hospitals in Delhi and NCR alone from their list and have also stopped giving cashless facilities to the insured, as of now.

In fact, there are four key stakeholders to this current imbroglio. The first is the group of insurance companies; the second are the large hospitals; the third are the state governments (as health is a state subject!); and the last – and the most significant – are the insured individuals, that is, the common man! Let’s analyse each of these stakeholders and evaluate them in the context of the current crisis.

Let us first start with the insurance companies. Considering that filing of inflated medical bills – by increasing the stay of patients, requesting unnecessary medical tests, multiple visits by consultants, differential pricing, expensive disposal items et al – has been an issue with the large and renowned hospitals since a long time, why wasn’t the same addressed by the insuring companies much before and that too within the actuarial, while drafting the health based premiums? Today, when bottom lines are put to test on account of the faulty modeling of premiums by insurance firms themselves, why should one be allowed to spoil the boat of the common man – especially when the common man initially signed up for health insurance on being promised advantages like cashless facilities?

Coming to the second stakeholder – that’s the group of hospitals, who are accused of errant and inflated pricing! Now, if hospitals were/are charging that kind of price, it is just because of the existing asymmetries in the health market. Looking at health completely dispassionately, these hospitals would not even have existed had the state government (the third stakeholder) been responsible enough to create adequate health infrastructure. In the absence of the same; and in the absence of quality health facilities, all leading hospitals enjoy that position of being able to charge premium pricing. As far as quota for treating the poor free of cost is concerned, we all know how unsuccessful both the government and these hospitals are in their own respective ways.

Finally, coming over to the fourth and the most significant stakeholder – the common man. Like always, in this moment of crisis, he is the biggest loser! Health expenses are the single-most reason to drive maximum people to poverty in this country. The out of pocket expenditure on health expenses accounts for a staggering 90%! All this because the government has miserably failed to create adequate health infrastructure; and thus, most of the health market is catered to by private players. In the given scenario, health insurance – aka cashless facility – is the only recourse for the common man. And to take that away is the most illogical thing to do! One doesn’t need to be a nuclear scientist to understand the kind of problems faced by an average Indian family during hospitalisation. Don’t insurance companies realise these issues? Don’t they know that the problem here is of a lack of liquid disposable cash with families? Don’t they know that in the absence of the same, there is no other alternative that is left with such families? And if the insurance firms know all this, then they should also know that reimbursement is not a solution! A cashless facility allows a family to proceed with hospitalisation without any hassle. If the patient or his family had enough cash to be paid at time of hospitalisation, they would not have had to run behind companies for insurance. A scenario of reimbursement would only come into the scene if the family is able to pay the bills in the first place. Secondly, when a family member is critical, no one feels like running through the list of hospitals and getting the patient admitted in a listed one; in general, one would rush to the nearest hospital.


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