Cuba has lessons for all of us

In fact, none of the BRIC (Brazil, Russia, India and China) nations, around which global consulting giant Goldman Sachs has been creating major hype (that in the next 40 years combined, BRIC nations would be economically larger than G-6) have been ranked in the top 50 countries of the world. So forget overtaking the G-6, these countries should first attempt to learn some serious lessons on bettering the society from Cuba, a country with a life expectancy at birth of 75 years, a per capita expenditure on health at $252, with total health expenditure being 7.3% of GDP and an infant mortality rate, which is among the lowest in the region. If only the BRIC countries give a fraction of all the attention it gives to the predictions of American consulting giants and pseudo-development, these countries would have been far better place to live in.

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Source:- IIPM Editorial

An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative

Born with nerves of steel

From manufacturers of small iron buckets to a whopping Rs.132 billion conglomerate, that’s the journey accomplished by the O. P. Jindal group till date. As O. P. Jindal had put it once, “A decade of liberalization has redefined business parameters. Jindal Stainless, the flagship company has harnessed these winds of change by offering world class products and services, not only in India but around the world.” Even the tough liberalization period did not deter the company from its track. The group patriarch has walked through this period with ease and in the process has managed to reserve the 548th berth in Forbes list of world billionaires.

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Source:- IIPM Editorial

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like “Anyone but Bush”

A lot of gloss and glamour has been added to election campaigns nowadays. You now have Hollywood actresses featuring in advertisements and engaging in sexual innuendos – about the “first time” they voted – to Hollywood actors like Robert De Niro leaving mes- sages on your answering machine to go out and vote for Hillary Clinton! During the 2004 Presidential elections, from music albums like Rock Against Bush to full length feature films like Farenheit 9/11, we saw them all being made to convince people to vote against Bush and his policies. If serious logic didn’t work, then humour was used to change people’s mind. Ergo, we had humourous ads like “Anyone but Bush” to humourous slogans on T-shirts proclaiming “No flip-flops in the White House” (a jab on John Kerry’s indecisiveness)

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Source:- IIPM Editorial

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The Riding Hero!

Developing the Hero Group from a tiny manufacturing company of 60 cycles a day to a manufacturing giant producing 17,000 cycles per day with the vision of sound business governance and value driven management practices, Mr Brijmohan Lall Munjal has come a long way. Born in 1923, and the recipient of the Padma Bhushan Award from A. P. J. Abdul Kalam last year and also the prestigious award of ‘Ernst & Young Entrepreneur of the Year” in 2001, he was the first Indian industrialist to efficiently execute ‘backward integration’ and to be recognized as the trend setter in this particular domain.

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every dark cloud has a silver lining

In the short while I’ve spent here, one hitherto unknown fact has dawned on me. Russian cities are a bit like Rubik’s cube; you mix and match the different shadesand never quite know what you’re going to get! Think of it as a riddle wrapped in an enigma or think of it as Kaliningrad, either which way you can’t really go wrong. Which is more than you can say for this citadel itself, as it’s been dubiously dubbed “the corridor of crime”. Few care to brush the surface, pocked as it is with AIDS epidemics, drug abuse and pollution predicaments for starters. But every dark cloud has a silver lining and Kaliningrad has found a fair number of them.

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Source:- IIPM Editorial

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Turkey has the potential to attract $10 billion in FDI in the next five years

Turkey now receives investments from more than 4600 foreign enterprises within the country (The General Directorate for Foreign Investment). FDI inflows went up to $9.5 billion in 2005, with major investors being Toyota, Honda, Ford, Oracle, P&G, Philip Morris and Siemens. As per a report by Foreign Investment Association 2005 Barometer, Turkey has the potential to attract $10 billion in FDI in the next five years and $15 billion in five years after that. And the confidence is clearly reflected in the words of Tezcan Yaramanci, Chairman of the Foreign Economic Relations Board (DEiK), “Turkey can provide sustainable growth to investors for the future and will not return to the kind of crisis seen in 2001.” The sectors that appear the most tempting are banking and financial services. General Electric is planning to buy about 50% of Dogus Group’s $6 billion Garanti Bank.

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Source:- IIPM Editorial

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THE IMPORTANCE OF EXECUTION AND GOVERNANCE

Identifying the right growth strategy is critical for building a world-class business, but execution and governance determine whether companies in emerging markets can realize their potential. While that may be true about building great companies anywhere, our research suggests that excellent execution and good governance are particularly valuable in newly industrializing countries. Financial and talent resources in emerging markets are scarce, but companies that can execute well end up getting more out of them.

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Source:- IIPM Editorial

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Philippines outlook

BALANCE OF PAYMENTS: SURPLUS

Philippines is comfortably positioned on the Balance of payment (BOP) front, as it enjoyed a current account surplus of $2.3 billion in 2005. The overall BOP balance improved considerably, from a negative of $280 million in 2004 to a positive of $2.4 billion in 2005. Trade deficit for the year 2005 totaled $7.5 billion, while the figure for 2004 was $5.6 billion. External debt of Philippines mounted to a whopping $54.84 billion in 2005, compared to $54.18 billion in 2004.

CPI: COST OF LIVING

Inflation has not been a concern across East Asia since the crisis-preceding booms of the middle 1990s, but increasing energy prices have affected the general price levels. Inflation, as measured by Consumer Price Index, increased by 7.6% in 2005, as compared to 6% in 2004; core inflation increased by 7% in 2005.

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Source:- IIPM Editorial

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What’s that word written out there?!?!!

Education aside, today’s America is setting new standards on other fronts – drug abuse, single parenthood, teen pregnancy, youth delinquency, homicide, and suicide are rampant and ubiquitous. And these are some of ‘the’ very reasons of such below average student performances, as the institution of family – just like a school– is pivotal in shaping an individual. No matter how much is invested, a fractured family at best can give a fractured individual. So, howsoever benevolent the vision, blindly investing more and more in education, and that too in meaningless ancillary services like transport, meals, housing et al (US spends on an average double on these services than any other developed nation) is useless! Investments should rather be targeted towards meaningful social intervention. Till then to call anything ‘the most significant accomplishment’ is at best, over ambitious.

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Source:- IIPM Editorial

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And now, LMW beats Reliance hands down! The Cash EPS story, and more...

In our rankings, we have calculated the Cash EPS for the past three years and taken into consideration the average Cash EPS. On the basis of the same, leaders and followers have been tabulated. Lakshmi Machinery Works emerges as the top company from the sample. With an average Cash EPS worth Rs.2,291.67 for 3 years, Lakshmi Machinery Works outperforms the sample and is ahead of its immediate follower in the list by a big margin. The yearly Cash EPS figures for the company are Rs.552.18, Rs.1,218.33 and Rs.5,104.52 for 2004, 2005 and 2006, respectively. Lakshmi Machinery works has had a cash flow record of Rs.683 million, Rs.1.04 billion and Rs.4.71 billion for the years 2004, 2005 and 2006 respectively. Behind Lakshmi Machinery Works, the second company in the list is Jet Airways from the transport services sector with an average Cash EPS worth Rs.417.65. It’s Cash EPS for the years 2004, 2005 and 2006 are Rs.49.74, Rs.611.41 and Rs.591.8 respectively. The cash flows of the company for the years 2004, 2005 and 2006 were Rs.4.29 billion, Rs.10.55 billion Rs.10.21 billion respectively.

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Source:- IIPM Editorial

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Music is in the air...

It couldn’t get better than this! It was in February this year when the final allocations were made under the Phase II of FM expansion. Just around six months down the line and the air waves are already abuzz with 10 new FM channels. Jaipur has been the luckiest of them all. Latest Bollywood blockbusters and chirpy jock-talk fill the colourful bazaars of the Pink City of India these days. Just over the past five months, Jaipur has added four new FM stations (Radio Mirchi, Bhaskar Group’s My FM, Rajasthan Patrika’s 95 FM Tadka and Radio City) to its airwaves, which till now was monopolized by AIR. And Sun Group’s FM venture is next.

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Source:- IIPM Editorial

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Style... of the cuff!

Where are shirts without cuff-links today – so why not wear them the Bvlgari style. The cuff-links are in yellow gold articulating the beginning and the end, the two extremes. In typical Bvlgari brilliance, it attributes sheer charm to the wearer’s halo. Cufflink which breathes the aura of future... this style statement available for only Rs.57,800.

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Source:- IIPM Editorial

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The joke’s on you!

Humour cuts ice like nothing else can, and especially so in comparative advertising. When Coke was selected as the official drink for the cricket World Cup series, Pepsi came out with a campaign, which went like, “Nothing Official About It!” And it was perceived as really cool. The campaign was probably one of the most memorable ones on Indian turfs. Similarly, in America, when Michael Jackson (Pepsi’s endorser) fainted during one of his stage shows, Coke came up with an ad that said, “Dehydrated? Try Coke!” People smiled, and both Coke – and even Pepsi lovers – enjoyed the ads.

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Source:- IIPM Editorial

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Still think it’s an idiot box?

Buying a television set has gone beyond choosing between a 29 or 14 inch. The decision is now down to the basics: Technology. Should it be the conventional CRT TV set or the new breed of High Definition (HD) flat screen TVs – that range from Plasma and LCD (Liquid Crystal Display) – or should one wait up for Toshiba’s SED TV technology coming next year?

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Source:- IIPM Editorial

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Asian Paints. Har ghar kuch kehta hai.”

The latest commercial sets out by focusing on two kids devising a plan to get hold of chocolates from their grandmother. The girl points towards a purple wall in the house and tells her grandmom that it’sher mom’s favourite wall: “Kyun ki mummy ko jamun bahut pasand hai!” The girl next drags the hapless octogenarian to a green wall and claims that her dad loves that wall: “Kyun ki papa ko matar bahut pasand hai.” The girl then points toward a brown wall and hopefully prods, “Yeh Chintu aur meri favorite wall hai.” The grandmother ponders the question; “brown?” to which the tot seiz- es her opportunity, “Brown nahin nani, chocolate…. Kyun ki humein chocolate bahut pasand hai!” The visibly enl i g h t e n e d grandmother hugs the children and the VO encapsulates: “Har rang mein chhupi ek kahani hai. Asian Paints. Har ghar kuch kehta hai.”

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Source:- IIPM Editorial

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India in MOTION

Road transport, air cargo, freight movement through railways have all undergone a dramatic makeover in the last few years. Exporters are happy now that shipments are not unduly delayed; companies are happy since products are taking much less time to reach destined markets. Says Rahul Ahuja, a Gurgaon based readymade garments exporter, “I had almost lost my credibility with customers in Europe and North America because of delayed shipments. That’s a thing of the past now.” Shashank Singh, owner of a fleet of ten trucks, echoes the same view: “I could never know earlier if my truck would reach Mumbai from Delhi in seven days or not. Now, I know for certain that it takes three days at the most.” The Indian Railways under Lalu Yadav too has made life easier for companies ferrying bulky goods. Perhaps the only bad news coming from the transport front is from the water transport segment, with Indian ports still a nightmare.

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Source:- IIPM Editorial

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Oil is China’s most lethal weapon

While things are going as planned for China, the US, on the other hand, is making enemies every day. And most of them are oil-rich. Th e US emphasis on force & interference has harmed more ratherthan helped. In the words of James Lilley, ex-US Ambassador to Beijing, “While the Chinese are on an aggressive quest to increase their supply of oil all around the world, the US is lagging behind.” With even the reference of Mao being minimized in Chinese textbooks (to make way for information on latest technologies), perhaps the best way for US foreign policy to go is... the Chinese way!

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Source:- IIPM Editorial

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Update from the ‘Ad World’

One of America’s largest departmental stores, J.C. Penny has abandoned its ad agency DDB. The ad company owned by Omnicom Group Inc. had been constantly serving the 1,021 store chain for the past six years. Slated among DDB’s biggest clients at the advertiser’s Chicago office, J.C. Penny had spent almost $430 million on advertising last year. Speculations are high on who will be the next ad agency to acquire its account; it is believed that Publicis Groupe’s Saatchi & Saatchi will be DDB’s successor. DDB’s latest client is Safeway Inc., which offers $250 million for a television ad.

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LONG LOST SIBLINGS?

Trade relations between India and Venezuela are still in their infancy. India is at a stronger position, although exports amounted to $74.34 million (0.1 % of total Indian exports) in the period from April to December 2005-06 and imports being $8.63 million (0.008% of total Indian imports) in the same period. Undoubtedly, the larger slice of the pie comes from oil trading. As per the latest estimates, bilateral trade is expected to reach $1 billion this year, thanks to exports of Venezuelan crude oil. Deepak Bhojwani, Ambassador of India in Venezuela states, “We are seeking energy security and Venezuela, a sister country, can provide it.”

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Source:- IIPM Editorial

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John G. Kemeny and Thomas E. Kurtz

A coincidence or a twist of fate? John G. Kemeny & Thomas E. Kurtz developed a program for the Dartmouth College, unaware of the fact that they were on their way to revolutionize the computer industry; and through a program establish a world standard. In 1964, Beginners All-purpose Symbolic Instruction Language (BASIC) was invented as a simple programming language which was easy to learn and use, allowing anyone and everyone to be a computer programmer. The duo of John G. Kemeny and Thomas E. Kurtz went on to develop the concept of time sharing, enabling many students to work on a single program at the same time. The new concept of time sharing caught on like fire, so much so that in just one year, General Electric established the first time sharing system for commercial use.

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Source:- IIPM Editorial

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The makings of a retail giant

While younger brother Anil Ambani continues to cry out on the RNRLRIL gas deal issue, big bro Mukesh is busy in powering his mega retail venture. Reliance is all set to turn things upside down in the Indian retail sector with the Herculean size of its investments. At the moment, Reliance Retail is close to swallowing Delhi’s moribund Super Bazaar. It submitted a Rs.2.88 billion revival package for Super Bazaar; well above the Rs.700 million bid made by the Indian Labour Cooperative Society along with Indian Potash Limited. The bid is in the pipeline pending a court decision.

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Source:- IIPM Editorial

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Tata Indicom’s commercials is too long?

Don’t you think the length of Tata Indicom’s commercials is too long?

The first time you are telling a story, it requires a beginning, a middle and an ending... Right from the communication to the product launch, we researched thoroughly, and for the core (message) to be established, you have to take the viewer down a path and tell a story with twists-and-turns.

What are your future plans?

I think we are making a clear bid for leadership across the segments that we operate in and that will be our focus!

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Source:- IIPM Editorial

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Start running for your lives, or else...

A recent study published in the European Heart Journal describes how amateur marathon runners risk heart troubles. Considering the keen participation of aficionados in marathons organised regularly in cities like Delhi, Mumbai, Pune, Bangalore, this research assumes great significance in the Indian context. The report states that while people who consistently run for more than 45 miles a week do not endanger their health in these long-distance running events, those who get by with less than 40 miles per week start showing signs of cardiac dysfunction
right after the race.

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Source:- IIPM Editorial

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‘Cause’ and ‘Effect’

As per the latest study by mind researchers at the University of Leeds, in ordinary circumstances, our stream of consciousness is persistent in its endeavour to identify everything around it – people, things and situations – based on the previous experiences that are already archived in one’s memory. But since we are always conditioned to think in terms of ‘cause’ and ‘effect’, we tend to find this recognition appropriate only up to a certain limit, after which it becomes rather unsettling. And how much to rely on this inexplicable feeling (it strictly be called only a ‘feeling’ because there is no information or real memory involved) depends on the stream of consciousness and psychology
of an individual.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam chaudhuri

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THE HONEYED PATH TO PROGRESS

For the past few months, the industry is witnessing a new concept of branded sugar, and this is surely an affirmative action for the players. Brands like Shagun and Mawana Sugar are already available and are in high demand in the metros; though industry bigwigs like S. L. Jain do claim, “Simple branding will certainly not escalate the sales.” But, perhaps, the future of Indian sugar sector rests far away from metros, to within the policy corridors.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

Winning needs nerves of steel

Another leg in the Arcelor deal has come forward. Mittal Steel Co. is required to put forth an offer to buy out the shareholders of Arcelor’s Brazilian division in order to see the mega merger through. This could raise the cost of the $31.9 billion deal by an added $5 billion; the combined company will comprise 10% of the global steel production. The shareholders of Arcelor Brasil SA, listed on the Sao Paulo Stock Exchange urged the Brazilian Security & Exchange Commission to look into the issue after Mittal refused to offer a buyout. Mittal will contest the decision in the court.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

With due respects, we beg to differ, Mr.Darwin!

I’m not saying that companies should not have comprehensive risk mitigation plans. They should be asking questions about their supply chains and internal organization, like “What’s our response if one component goes down? What’s our response if two components go down? Do we have redundant computer systems?” But just as important, companies need to ask, “What real-time sensing and coordinating mechanism will we use to respond to events we can never fully anticipate?”

Companies shouldn’t rely solely on a specialized risk management team to see them through a sustained crisis. What if the team gets taken out? Instead, they need to develop the ability to rapidly evaluate ongoing changes in the environment and develop responses based on simple principles.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

Share prices of current NRSROs have already fallen

Share prices of current NRSROs have already fallen; and so will market shares once the US Senate clears the bill. But to ensure a pristine rating process, SEC must ensure that not only is the company data (that SEC provides to these agencies) of pure quality, but also that the agencies follow benchmark processes, hiring competent people. Otherwise, it won’t be long before one could watch X-rated stuff even outside movie halls; eh!

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

From $25 a month, AOL historically shifts to providing free services; this marks the beginning of the end of AOL

The very company that made internet a mass market phenomenon is now being forced to rethink its entire strategy. AOL, once the world’s largest internet service provider, has finally decided to move away from its age old model where it charged internet users $25 per month just to maintain an email account! On July 19, 2006, AOL made a head start for its new free for- all strategy by launching its free AIM Pro (messenger) service. Apart from voice & video conferencing, the Pro service also has a people search feature that allows the user to search from a database of 31 million people and 2 million companies.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

Bewitched by the moon!

Koh Phangan in Thailand is a peaceful tropical island, composed of pristine beaches welcoming both the party- rocker and the musing loner! With options like snorkelling, Muay Thai, spas etc., the days are bound to go fleeting by… Only make sure you breathe deep before diving into this Asian party-attack as the evening lights up with a full moon in the sky! Every month, about 10,000 people throng the Haad Rin Bay, where celebrated clubs dish out pulsating music and inhibitions are laid aside beneath the gaze of the full moon… Bonfires light up the bay, and while the ashes of the previous night’s flames remain, the heat of the party continues unabated… That’s the Full Moon party for you!

For complete IIPM article click here

Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

The democracy that is for the few, to the few and by the few...

Average credit card debt per household has increased from $2,985 (1990) to an exorbitant $8,562 (2002), with 45% of college students in the red with an average debt of $3,066 (American Bankruptcy Institute). Horribly still, more students are now lost to bad debts than to academic failures. As a result, about half of high school graduates start working right after school (that is, if they ever cleared school). This irresponsible penchant for premature affluence has led to a monstrous 50% increase in bankruptcies in people below 25. Had it been the colonial days, a majority of America would have been consigned to Guantanamo Bay.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri


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Most Promising Young Corporate Leader-Malvinder SINGH

The beginning of this year has been marked as a watershed event in the history of India’s largest pharmaceutical company ‘Ranbaxy.’ As a sturdy leader, coupled with new vigour and passion took the responsibility to guide Ranbaxy to achieve a sales target of $5 billion by 2012. We are talking about the prestigious St. Stephen’s Economics graduate and Fuqua School of Business MBA, the CEO and MD of Ranbaxy Laboratories Ltd – Malvinder M. Singh, who believes in nurturing an entrepreneurial and resultoriented culture. The son is successfully implementing the vision of his legendary father Parvinder Singh.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri



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You meet the meanest people on a...

Honda’s Indian cup runneth over, and there just doesn’t seem enough verve to act with panache and flamboyant speed in the Indian market. For Honda to have chances of even survival, leave alone leading in the high growth segments, this elusive predator needs to now become a highly visible rampaging bull!

For complete IIPM article click here

Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri


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The royal fairy’s tale

Wednesday, 29th July 1981: A London avenue: It really didn’t matter which, for on this day all of London looked the same. Buntings and Union jacks fl uttering cheerfully, smiling faces all around and in the horizon yonder, shone the dome that Wren built – St. Paul’s Cathedral, with the nation and the rest of the tele-linked world gravitating towards it. A rolled-up newspaper in a pudgy fist, swinging in rhythm with eager strides announced the “…. FAIRY TALE WEDDING!”

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

A SURPLUS OF DEFICITS

Mistakes and ideological fervour can cause to huge and unintended deficits. When the junior George Bush took over as President from Bill Clinton, he inherited a surplus budget and a healthy fiscal scenario. By the time he was reelected for the second term, his tax cutting policies and profligate spending had transformed that into a record annual fiscal deficit of more than $500 billion. Even during his second term, Bush is determined to cut some more taxes. Where that will lead the American fiscal deficit is something even a school child can predict without batting an eyelid.

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Source:- IIPM Editorial, 2006

Mantle of a sensei of the senses

Donning the mantle of a sensei of the senses, Christian Mikunda conjures an exhilarating endeavour that is as astute as it is matter- of-fact. Trying to make sense (pun intended) of the chaotic conundrum that pervades our lives, it would augur well for marketers to appeal to the remotest of emotions as purported by Mikunda. Brand Lands, Hot Spots & Cool Spaces sees instinct and reason operate hand in glove, and it is sense and sensibility best exemplified!

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Source:- IIPM Editorial, 2006

The sad flip-side

However, the sad flip-side is that the TPAs are also a source of annoyance for consumers, more so than the PSU insurance companies, about whom the VOICE survey respondents felt that their quality of service and infrastructure needed to improve more than the major cities which are dirty needed to be cleaned, and that the services available at various hospitals was not actually up to the benchmark.

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Source:- IIPM Editorial, 2006

Publication and Research, IIPM

Both have sent notices to the Union Finance Ministry. The two Madras High Court orders are not isolated cases. There have been reports of people filing petitions in courts all over the country. Alarmed by the spate of these court cases, the Finance Ministry is planning to send the whole issue to the Supreme Court for a clear direction on the validity
of FBT.


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Source- IIPM Editorial, 2006

Publication and Research, IIPM

Take SOX to start. Without doubt, SOX was necessary. Investors desperately needed to see that the US government was committed to keeping American business clean and fair. SOX did that, and that was great. But any law that passes the US Senate by a vote of 99-0 has to be excessive – and SOX was.

For complete IIPM article click here



Source:- IIPM Editorial, 2006

Why the Indian government is clamoring... IIPM Press

The one obvious reason why the Indian government, along with RBI, is clamoring to support various consolidation moves, is to prepare the banking industry in facing impending competition from foreign players post 2009. India needs world class banks in terms of assets, but the hard reality is that even after combining the profitability figures of the top ten Indian banks, one would still not be able to make it to the list of the global top 50 banks.

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Source:- IIPM Editorial, 2006

Publication and Research, IIPM

China has, once and for all, made it clear that although it is more than willing to open itself for trade with the rest of the world, it would never toler­ate any attempt that breaches or even tries to influence the prevailing way of think­ing within its sphere of influence. The lat­est move by the Chinese administration to regulate Internet based news sources, only goes to highlight the pathetic state of freedom of expression in the land of the dragon.


For complete IIPM article click here

Source:- IIPM Editorial, 2006

Publication and Research, IIPM

But truly, despite diversifying into new areas, Bharti .rmly believes in outsourcing non-core processes. In late August 2005, Bharti Tele-Ventures outsourced contracts of its call centre operations to four companies: Hinduja TMT, IBM Daksh, Mphasis and Teletech Services; with Nokia providing technology support to these four.

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Source:- IIPM Editorial, 2006

Publication and Research, IIPM

The trade relations between India and Canada started on a positive note post 1947, with the aim of enhanced cooperation between Commonwealth nations. But India’s nuclear tests at Pokhran hampered bilateral ties. Also, Canadian economy suffered greatly due to oil shocks in the 1970s. Today, India is the largest trading partner of Canada in the entire SAARC region, although the figures are not that impressive. In the year 2004, the total exports of Canada to India aggregated $656 million, about 0.2% to Canada’s totalexports.

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Source:- IIPM Editorial, 2006

Publication and Research, IIPM

The gnu gets its name from its queer grunt. Also called the wildebeest, its more popular moniker, it is one of nature’s oddities. It has a body that is part bovine and part antelope, with a head that seems to be a cross between a goat and a bull. Every year, after the northern hemisphere experiences the long rains, huge herds of this strange animal migrate en-masse from the Serengeti grasslands into the Masai Mara in Kenya in search of fresh grass, thus setting into motion one of nature’s classic epics.

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Source:- IIPM Editorial, 2006

Publication and Research, IIPM

Western journalists have used sting operations to ‘expose’ data theft and security hazards in these companies. No matter what the reason or provocation, India’s BPO sector has been receiving a lot of bad press in recent times. The representative body of the BPO sector, NASSCOM, has been quick to defend the sector and its practices vehemently. On balance, it does appear as if NASSCOM has a strong case. The slave labour charge is indeed a publicity gimmick because companies all over the world now routinely monitor employees as data theft can be a life or death issue, literally so. In any case, all employees offer their services voluntarily and have no obligations to remain employees whether they like it or not.

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Source:- IIPM Editorial, 2006

Transmission and distribution of Power (IIPM Publication)

It is politicians again who are the culprits when it comes to the other segment – transmission and distribution (T&D). In fact, T&D has acquired a new lexicon in India – it is called theft and dacoity. In a less crazy situation, even the little power that was generated because of low PLF should have reached the retail consumer. In India, it usually doesn’t. That is because T&D losses in India average about 30%--against the international average of 8%. In India’s capital city Delhi, the theft and dacoity percentage is in excess of 50%!

Source:- IIPM Editorial

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Copyright: IIPM, 2006