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Monday, September 29, 2008

Putin’s protege is Russian Prez


IIPM - Admission Procedure

Medvedev to ensure political continuity in Parliament


The Putin loyalist, Dmitry Medvedev, is all set to be Russia’s next President. The 42-year old former lawyer will be Russia’s youngest ever president. According to Russian election commission announcement Medvedev has won more than 70% votes to be appointed to the Presidential post on March 7. In an election which saw almost 70% voter turnout, Medvedev’s closest rival, the Communist leader Gennady Zyuganov, could secure only 17.8 % votes.

The rivals in their traditional style have called the “election a one-sided farce”. “This is a secret service KGB operation to transfer power from one person to another,” said former Prime Minister Mikhail Kasyanov, who was disqualified from fighting the elections.

This obviously is a natural outburst from a politician who has witnessed Putin exercising a tight grip over the Russian economic and intellectual resources over the past eight years. However, it is also a well known fact that Medvedev is a devoted Putin protégé, who has vowed to follow the policy guidelines enunciated by his mentor. Medvedev has even gone to the extent of promising to appoint Putin as his prime minister. But aren’t such political manoeuvring common in a democratic set-up? Almost all incumbent governments across the globe use state machinery to promote their party candidates. Why should the West cry hoarse and call the recently concluded polls less than democratic?

What the West seems to forget is that a well-managed Russia is a better bet for the growth of democracy and the health of global economy, than a timid & corrupt Kremlin of the Boris Yeltsin era in the 1990s.

B&E edit bureau: Atul Bharadwaj

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

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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IIPM : EXECUTIVE EDUCATION
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IIPM Ranked No. 1 B-School In Global Exposre - Zee...
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Rashmi Bansal Publisher of JAMMAG magazine caught red-handed, for details click on the following links.

Wednesday, September 24, 2008

It’s an oily blow once again


IIPM - Admission Procedure

With crude still at a high, what will happen to the burnt-again OMCs?


The start of 2008 saw global crude oil price gushing past the $100-mark for the first time in history. Although it returned to normal levels within a week, it certainly guaranteed a more persistent pain for oil importing nations like India, who find it difficult to cope up even with the $90-mark. So, what do we do now? “Crude prices have crossed the $100-mark and as such we are bound to raise fuel prices,” announced Murli Deora, Minister for Oil & Natural Gas. “But it would be minimal,” he immediately indicated.

It definitely appears to be the right move considering that even a slight rise in retail fuel prices might add on to the inflationary pressures which, at present, is at its highest in last four months (at 3.79% for the week ended January 5, 2008). But then, it boils down to this single question: If not the consumers, then who is going to feel the brunt? Well, the burden of losses once again will fall on the shoulders of the oil marketing companies (OMCs) like HPCL, BPCL and IOC, which are already heading towards combined under-recoveries of Rs.697 billion for FY 2007-08. All this is thanks to government policies and current price scenario that is making them lose Rs.10.60 per litre on petrol, Rs.11.60 per litre on diesel, Rs.331.4 per LPG cylinder and Rs.19.89 a litre on PDS kerosene.

Moreover, with fuel prices not being raised since June 6, 2006 (although the international crude prices have increased sharply in the past six months), these OMCs seem to be the worst hit. According to industry sources, India’s crude basket has risen by about 170% in last three-and-a -half years, with crude prices reaching $88.18 per barrel (on January 22, 2008) from $32.37 in April 2004. However, during the period, retail prices of petrol have gone up by just 29% and those of diesel by 40%. So, what does a company do when its input costs rise manifold but is able to pass on only a small portion of that to its consumers? Nothing but just wait and watch (of course if it happens to be a PSU) till the government intervenes.

However, Rohit Nagraj, oil and gas analyst, Angel Broking prophesies, “The quantum of losses will surely cross Rs.700 billion for FY 2008-09. Of this, the government is likely to bear the burden up to 42%, while 33% of the same should be borne by subsidy prime companies.” No doubt, to partly compensate the losses of state-owned OMCs, the government has already issued bonds worth Rs.112.57 billion to them. But then what about the rest? Thus, to fight escalating global crude prices, the government will also have to juggle with the duty structure of petroleum products. It will have to use the twin weapon of waiving off the majority of price taxes in petroleum products along with reducing the excise duty on these products or else it’s a hard blow for OMCs once again. But then, will it do it and lose revenues?

B&E edit bureau: Ratan Lal Bhagat

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
IIPM : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
IIPM Ranked No. 1 B-School In Global Exposre - Zee...
4Ps Power Brand Awards 2007
When IIPM comes to education, never compromise
IIPM, GURGAON
IIPM is A World of Career
Why Study Abroad When IIPM Gives You 3 global Advantages!
IIPM Ranked No. 1 B-School In Global Exposre - Zee...


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Rashmi Bansal Publisher of JAMMAG magazine caught red-handed, for details click on the following links.

Saturday, September 20, 2008

Who will witness s(elections)?


IIPM : EXECUTIVE EDUCATION

World may not witness a major transformation in 2008


Election has always been crucial for the future of any nation. Though 2008 is a crucial year because there is election in most of world powers or dominating countries but estimations show that there will hardly be any major change in their leadership. Ramifications of elections in major countries may remain skeptic and theatrics.

Inspite of much hue and cry, election in the US will be worth watching closely. The US election seems to be more of a race between many bright leaders than two political parties. And in rest of the countries, it will be selection, rather than election. Russia, Zimbabwe, Cuba are also going to have presidential elections in 2008. Putin might replace himself with a new face but leadership will remain with him. Castro is thinking of retirement but he or his legacy will remain to dictate Cuba’s destiny. President Robert Mugabe remains irreplaceable since 1980s. And election in Pakistan is never 100% election. It always waits for resurrection. Whatever the outcome, Musharraf will remain the strongman backed by influential military. In other countries going to polls, there will be a minor leadership change in Egypt, Syria, North Korea, Turkmenistan, Zimbabwe, Belarus, Venezuela, Kazakhstan, Uzbekistan and Tajikistan.

In the era when democracy proves to be the only major recipe for success over other political ideologies and seems to be the only solution for human rights, equality, corruption, and tool for any other way of socio-economic upliftment, the year might not witness a major transformation from the prevailing status. Future of many countries remains in the hands of few individuals. Where the solution lies then? Perhaps, an alien can answer this than a conscientious person…

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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B-schooled in India, Placed Abroad (Print Version)
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Rashmi Bansal Publisher of JAMMAG magazine caught red-handed, for details click on the following links.

Thursday, September 04, 2008

2007 – Another year of pushing the envelope!


IIPM : EXECUTIVE EDUCATION

For our column that lauded transparency in US business environment, people accused us of everything from ignorance to collusion


About this time last year, we received an e-mail from a reader, who asked if we believed America’s competitive success was linked to its relative lack of corruption.

Having just spent two weeks in Latin America, where we heard countless stories of systemic governmental misbehaviour, we replied that we agreed. Yes, the US has its share of corruption, largely in public works projects, but, we wrote: “Virtually no one starting a company in the US today has to worry about covering the hidden costs of bribes, payoffs and kickbacks.” The notion seemed so self-evident to us that, as we sent the column in to our editors, one of us commented, “This ought to be a quiet week.”

Talk about being blindsided! That column was one of our most controversial of the year, enflaming slews of readers who accused us of everything from ignorance to collusion. “Stop it! It is a known fact that private enterprise owns the government, paid for with bribes in the form of campaign contributions,” one typical letter read. “The whole American system is rigged and you’re either idiotic or blind not to know that,” said another. And that was just in January.

As 2007 unfolded, we were to write four more columns that sparked particular sound and fury. Now, most of our columns receive a hefty response with general commentary on our point of view. That’s not what we’re talking about here. We’re talking about columns that generated an avalanche of mail with... well, let’s call it “heightened emotions.”

Take our March column decrying the Employee Free Choice Act. That bill would have allowed organisers to start unions by getting 50% of employees, plus one person, to sign union cards – instead of the current procedure that involves a federally supervised secret ballot. If our column on corruption set off a firestorm, this one unleashed a conflagration. This time, however, we weren’t surprised.

We knew that organised labour loved the legislation. Why wouldn’t they? By removing the secret ballot, it would make unionisation much easier. We also knew many business people feared it to their bones, feeling, as we did that, if the act was made into law, it would be a real blow to US competitiveness. We considered it the “Unemployment Act.”

Ultimately, the act did pass in the US House of Representatives, but stalled in the US Senate. Regardless, for weeks after our column was published, we received torrents of e-mails. Tallying them up now, it’s amazing to see they actually ran 2 to 1 in favour of our position, perhaps a reflection of our readership more than anything else. But without a doubt, the negative responses were the most colourful of the year, our favourite still being the letter that read, “Jack, we’ve got you scheduled to run sewing machine #13 when you get to hell. By the way, that’s a non-union shop.”

A similar level of passion greeted our column about Joe Torre, the manager of the New York Yankees baseball team, whose contract with the team became a cause célèbre in November. For the record, our purpose with the column was to illustrate the importance of keeping contract talks quick & private. But by a margin of 3 to 1, readers told us that our Torre example was, pardon us, off base.

“If you want to write about how to back a beloved employee into a corner and out the window of a high-rise, so you don’t look like the bad guy, then use Torre,” as one put it. “You missed the point. Joe deserved better.”

By contrast, our most popular column this year was the love letter we wrote to Gen Y. This is a group of young people who – despite their negative press – we have consistently found to be engaged, worldly, entrepreneurial & hungry to win. Apparently, our view struck a chord, that column elicited a rush of letters from grateful 20-somethings, as well as their employers, professors... and even some of their parents. “Thank you!” one mother wrote us, “At last someone has the guts to see these kids as we see our daughter & her friends – the hope of the future.”

Finally, a July column on bosses who get it all wrong, didn’t spark controversy as much as inspire a boatload of advice to us... about what we failed to mention in our list of the top five boss dysfunctions. But we were perhaps the most taken aback by the e-mail we received from a reader who hung the column inher cubicle. A few days later, a manager told her to take it down and stop “pushing the envelope.” We’d say, never stop that! Especially, keep pushing back at us. We look forward to opening a whole new envelope of hot topics in 2008.

Jack Welch & Suzy Welch

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

Read these article :-
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs


Labels: , , , , , , ,

Rashmi Bansal Publisher of JAMMAG magazine caught red-handed, for details click on the following links.