In a recent comment, the Gujarat Chief Minister Narendra Modi expressed grave concerns on the outcome of a little known Free Trade Agreement (FTA) that the Indian government is hastily attempting to sign with the the European Union. His concern was that the impact of this proposed EU FTA on the domestic dairy and animal husbandry industry in India would be debilitating if cheap European dairy products supported heavily by EU subsidies get inroads to Indian consumers. His fears are not unfounded. Indeed, if top European multinational dairy brands like Lactalis, Friesland Campina or Arla Foods with turnovers of $12.7 billion, $11.2 billion and $8.7 billion respectively get access to the Indian market on the backs of zero or minimal import duties, India’s biggest dairy brand Amul (Gujarat Cooperative Milk Marketing Federation) providing livelihood to more than 1.5 crore dairy farmers in rural India might not survive for long. True, Nestle, one of the world’s biggest food products companies, has definitive footholds in India – but Nestle India has entered India through the FDI route than the FTA route, it purchases products significantly produced within India, provides massive employment in and around production plants built in India, even though its holding company is the Nestle S.A. Of course, Nestle too would be advantaged by the proposed EU-India FTA, but it’s a different ballgame when EU-government subsidised products are imported directly from Europe with little entry barriers. Digest this figure. In February this year, the EU 2014-20 budget was announced. Of the 960 billion euros budget, a mammoth 38%, or 363 billion euros, was allocated purely for farm subsidies, which will without doubt make EU farm and dairy products ridiculously cheap compared to Indian products which any way suffer from massive cost additions due to various infrastructure issues. If these are the things to come, then the so-called ‘Free’ Trade Agreement could well turn out to be our costliest trade agreement. The EU-India FTA discussions caught steam back in 2008. However, because of the sensitivity of the issue, the progress had been shrouded in utmost secrecy with little or no data available. Of late, the discussions progressed more, so much so that the Prime Minister, Dr. Manmohan Singh, even came out with a surprisingly strong statement in July 2013, “We have entered into Comprehensive Economic Partnership Agreements with the ASEAN countries as well as the Republic of Korea. We are hoping to conclude a similar agreement with the European Union soon”. Most political parties are silent on the issue despite the fact that the implication of such an agreement is enormous. An FTA generally means the lifting of trade barriers and an unhindered flow of goods and services with minimum import duties, intellectual property rights, government procurement, and competition policies between the nations bound by the agreement. So, if the EU-India FTA gets signed, then one could well imagine world class corporations like IKEA and Carrefour competing with domestic brands at prices that are cheaper than those of domestic products! Can our indigenous brands compete with these behemoths? Since any FTA encourages direct imports, it is not a natural builder of employment, rather a reducer of the same, as over time, domestic industries shut down giving way to cheaper imports. Thus, it is ridiculous to tom tom the point that FTAs eliminate poverty and help the destitute with a better living; they clearly don’t do that. Read More....An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri ( Renowned Management Guru and Economist). For More IIPM Info, Visit below mentioned IIPM articles SC slams AICTE's illicit control on MBA coursesMBA, MCA courses no longer under AICTE 2012 : DNA National B-School Survey 2012
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The opening of the first Starbucks outlet in South Mumbai in October last year triggered quite some frenzy among Mumbaikars, with long queues of venti-mocha-frap verve translating into a major rock concert hysteria. And it was all for a coffee shop! Imagine the burst of marketing energy from Starbucks to take advantage of this excitement. Within five months of opening its first outlet, four each were opened in Mumbai and Delhi (taking the footprint of the coffee chain to nine outlets in India). It reminded me of the kind of madness that was witnessed during the launch of Pepsi and the relaunch of Coke in India, way back in the early 1990s. Here’s the simple truth – our craze for foreign brands has never ceased, despite our progress in almost all dimensions of socio-economic parameters. Why? Because as a nation, experience has taught us that our brands have never quite had the gumption of American, British, European or even Japanese brands. The halo was and is missing. This lack of unique proposition in our brands is due to the shoddy products and services offered in the name of Indian brands! In this new age of globalisation, our brands need to compete globally and not just nationally. In the past, so many Indian brands – from the Ambassadors to the Vimals – were whipped and almost but sent off packing when foreign brands came knocking. These foreign brands piggybacked on their global popularity and our lack of expertise due to substandard innovation. If India has to reverse the ongoing trend of the influx of foreign brands into its market, it has to invest on innovation on a large scale, and frame and implement comprehensive policies to support innovation. The low count of patent applications that is filed in India is some warning. In 2011, only 42,291 patent applications were filed in India. China on the other hand saw 526,412 applications being filed – highest in the world that year, followed by US with 503,582 applications (source: World Intellectual Property Indicators 2012, released by the World Intellectual Property Organisation; December 2012). In the Global Innovation Index (GII) ranking 2012, India stood at a dismal 64th – two spots below where it stood in 2011! Shameful it is that India, in terms of GII ranking is last amongst the BRICs. No wonder, a June 2012 Standard & Poor’s report revised its outlook for the Indian economy and warned that India could become the first amongst all BRIC countries to lose its sheen! [The S&P report was titled, ‘Will India Be The First BRIC Fallen Angel?’] It is disheartening to observe that despite Sam Pitroda’s efforts to pump life into India’s innovation machine, and PM Manmohan Singh’s call to promote India as an “Innovation hub”, the country is still largely seen as a “screwdriver nation”, only capable of assembling together parts of foreign-branded products. Read More....An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri ( Renowned Management Guru and Economist). For More IIPM Info, Visit below mentioned IIPM articles SC slams AICTE's illicit control on MBA coursesMBA, MCA courses no longer under AICTE 2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th OverallZee Business Best B-School Survey 2012 Prof. Arindam Chaudhuri’s Session at IMA IndoreIIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK IIPM strong hold on Placement : 10000 Students Placed in last 5 yearIIPM’s Management Consulting Arm-Planman ConsultingProfessor Arindam Chaudhuri – A Man For The Society….IIPM: Indian Institute of Planning and ManagementIIPM makes business education truly global
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 For almost a decade, Dr Manmohan Singh has failed to deliver the goods when it comes to decent economic policy making governed by common sense. Given his background and past experience, this has come as an unpleasant surprise to all Indians. This coming budget is perhaps his last opportunity to stamp his authority and secure his place in history. He can still remain silent; but his policies must do the talking for him “The art of leadership is saying no, not saying yes. It is very easy to say yes.”
“Leadership is about solving problems. The day soldiers stop bringing you their problems is the day you have stopped leading them. They have either lost confidence that you can help or concluded that you do not care. Either is a failure of leadership.”“This light of history is pitiless; it has a strange and divine quality that, luminous as it is, and precisely because it is luminous, often casts a shadow just where we saw a radiance; out of the same man it makes two different phantoms, and the one attacks and punishes the other, the darkness of the despot struggles with the splendor of the captain. Hence a truer measure in the final judgment of the nations. Babylon violated diminishes Alexander; Rome enslaved diminishes Caesar; massacred Jerusalem diminishes Titus. Tyranny follows the tyrant. Woe to the man who leaves behind a shadow that bears his form.”This is the thirteenth time in 13 years that I am starting the presentation of my Alternative Budget. Yes, my friends and dear readers, it has been 13 years since I first presented a set of suggestions to the then Union finance minister and branded it as an Alternative Budget (of course Dr. Malay Chaudhuri – the Founder Director of IIPM – had been writing budget alternatives for many years before that and our jointly authored book, The Great Indian Dream, also deals with the same in a great detail). There have been a few, rare occasions when finance ministers have unveiled proposals that have made me hopeful about the future of India. On most occasions, the budgets have been a series of fatuous statements and flogged-to-death proposals that have done virtually nothing to make a difference to the fundamental problems that confront India. But I don’t need to repeat and rehash a list of those proposals since every Indian with some knowledge of economics and some common sense knows that budgets have been a spectacular and persistent failure when it comes to solving India’s problems. Read More.... An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri ( Renowned Management Guru and Economist). For More IIPM Info, Visit below mentioned IIPM articles SC slams AICTE's illicit control on MBA coursesMBA, MCA courses no longer under AICTE 2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th OverallZee Business Best B-School Survey 2012 Prof. Arindam Chaudhuri’s Session at IMA IndoreIIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK IIPM strong hold on Placement : 10000 Students Placed in last 5 yearIIPM’s Management Consulting Arm-Planman ConsultingProfessor Arindam Chaudhuri – A Man For The Society….IIPM: Indian Institute of Planning and ManagementIIPM makes business education truly global
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Dear Muslim Brothers, I first thought of writing an open appeal to our Prime Minister Dr. Manmohan Singh. But then I realized that it would be worse than banging my head against a granite wall. I also thought of making an emotional appeal to the President of the Congress Sonia Gandhi and her son Rahul Gandhi. But then, people far more powerful, important and experienced than me have tried doing that. When I read about the riots in Assam, I was slightly perplexed. Why now? And then I was bewildered when riots broke out in Bareilly in Uttar Pradesh, a town that was spared communal violence and divide even at the peak of the Babri Masjid crisis. I was shocked when I saw visuals of a mob rampaging in Mumbai, desecrating and destroying even the Amar Jawan Jyoti. I was boiling with anger and helplessness by the time I read about how bona fide Indian citizens belonging to the Northeast felt so threatened that they were fleeing cities like Pune, Hyderabad, Bengaluru and Chennai. And I felt really bad when I saw pictures of a mob trying to destroy a statue of Buddha in Lucknow. These are truly dangerous times for India, perhaps even more dangerous than the 1980s when the Shah Bano and the Babri Masjid controversies eventually resulted in insane communal violence across the country. India had been spared the madness of communal riots since 2002. Suddenly, they loom again over India like a malevolent cloud. Predictably, the demoralized, dispirited and disgraced UPA government led by Manmohan Singh has sought to evade taking responsibility for this mess by blaming Pakistan for the mess. Apparently, morphed and false visuals of Muslims being allegedly persecuted and killed in Assam and Myanmar originated in Pakistan and were deliberately spread across India through social networking websites and text messages. That may be true. But my question is: is that justification for molesting lady constables, desecrating the Amar Jawan Jyoti, randomly attacking people from the north east and threatening them and also destroying a Buddha statue? This is where my blunt question to my Muslims brothers, who are also fellow Indians must be asked: why are you getting so worked up over the persecution of Muslims in Myanmar? Why are you not holding rallies and organising protests against the daily massacre of Muslims in countries like Syria? Why are you not protesting against the senseless manner in which Shias are being butchered in Pakistan? Even more important: is there any dearth of real problems that Muslims face in India, while they remain one of the most economically marginalized sections of the society? Read More....An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri ( Renowned Management Guru and Economist). For More IIPM Info, Visit below mentioned IIPM articles 2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th OverallZee Business Best B-School Survey 2012 Prof. Arindam Chaudhuri’s Session at IMA IndoreIIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK IIPM strong hold on Placement : 10000 Students Placed in last 5 yearIIPM’s Management Consulting Arm-Planman ConsultingProfessor Arindam Chaudhuri – A Man For The Society….IIPM: Indian Institute of Planning and ManagementIIPM makes business education truly globalManagement Guru Arindam ChaudhuriRajita Chaudhuri-The New Age Woman
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It doesn’t require the world to point out that Manmohan Singh is a puppet Prime Minister! The question actually is, who is the “real” Prime Minister? Unlike the perception of many, I don’t believe that Sonia Gandhi is or was the “real” Prime Minister. It was Pranab Mukherjee, the man who was virtually running the entire show of running the nation, while Sonia managed Manmohan and a large part of party politics. Can you believe it that out of a list of 40 plus EGoMs (Empowered Group of Ministers), Pranab Mukherjee was heading almost a whopping 66%? Yes, that’s the truth; Pranab Mukherjee was not just Congress’ crisis man, but also the man running the government and its intricacies. No wonder then that Congress was so nervous about announcing his candidature. And had it perhaps not been for the Mamata jolt, Congress might have still tried to think about alternatives! Now that the man – who should have been Prime Minister in place of Rajiv Gandhi long back, and definitely in place of his junior Manmohan Singh and at least the acting PM when Manmohan was hospitalized some time back – has been given his due, what happens to the government? Already, there are uproars and sarcasms over Chidambaram heading the spectrum EGoM (which, of course, Sharad Pawar didn’t even have the courage to take up). It’s actually not so much about who will head which EGoM, but more about a sudden realization of where are the leaders in Congress? The death of mass leaders in Congress started from the times of Indira Gandhi when the inner party democracy – that at one point elected Lal Bahadur Shastri as the PM – gave way to dynastic politics. Indira, at least herself, became a mass leader; but by the time Rajiv became the Prime Minister purely on sympathy, the mass leaders started finishing off. The last of the mass leaders in the Congress under Sonia – Sharad Pawar – left Congress; and YSR, the one and only mass leader left, met an unfortunate end too. So now, what the Congress is left with, from Sonia to Manmohan to Chidambaram to Rahul, are all well-planned and planted leaders from here and there instead of leaders with a mass base. The real politician – though again without a semblance of a mass base – Pranab Mukherjee, through his sheer number of years, is now in the President’s chair, and with the number of times he has been betrayed, not necessarily the Congress plant many are assuming him to be. With a mind of his own and wounds unhealed, he can turn anybody’s way when it really matters! Read More....An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri ( Renowned Management Guru and Economist). For More IIPM Info, Visit below mentioned IIPM articles 2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th OverallZee Business Best B-School Survey 2012 Prof. Arindam Chaudhuri’s Session at IMA IndoreIIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK IIPM strong hold on Placement : 10000 Students Placed in last 5 yearIIPM’s Management Consulting Arm-Planman ConsultingProfessor Arindam Chaudhuri – A Man For The Society….IIPM: Indian Institute of Planning and ManagementIIPM makes business education truly globalManagement Guru Arindam ChaudhuriRajita Chaudhuri-The New Age Woman
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Five very important things happened in the month of May for India. They have actually made an impact on our destiny. I will write just in a while about what those events are and how they affected India. Two words seem to have become very popular in popular media: governance and leadership. From America to Greece to Venezuela to India, the big journalists that I know and the media that I read and watch seem to complain that the world faces a crisis of governance and leadership. Even during my recent trip to America, I sensed a public cry about great leadership. I think almost all of us will agree that there is indeed a crisis. People across continents are angry and the media is doing a wonderful job of highlighting that anger. Frankly, I am more concerned about India. In my last editorial, I wrote that the Indian media seems to have forgotten its purpose and mission as the fourth pillar of our democracy. In fact, I often call it a demonocracy! But perhaps, it is also time to remember leadership… of the type that has vision... of the type that can inspire a whole nation and society... And of the type that leaves behind a lasting legacy. So let me start with my May events. In 1964, our first Prime Minister Jawaharlal Nehru passed away. He ruled India for 17 years as the Prime Minister. In recent times, I have read many articles and scholarly papers that say Nehru was actually bad for India. I have stopped getting angry at these illiterate comments. I know Nehru was a human being, and I don’t buy the propaganda sold by some that Nehru was as good as God. But I laugh at people who criticize him commenting that he was bad for India. Do you think this stupid cartoon controversy would have taken up so much time of our Parliament if he was the Prime Minister? There is simply no doubt about this and we all must respect that Nehru was so popular that he could have become the dictator of India and the voters would have probably voted for it. He had big differences with India’s first President Rajendra Prasad and yet the issue never became ugly. His son-in-law Feroze Gandhi argued against him in the Parliament and exposed India’s first scam where a Finance Minister had to resign. I am sure Nehru must have been angry. But let us all applaud his leadership. Nehru had a vision for India. In some things, he did fail, like with the humiliating military defeat against China in 1962. But he was a leader and he took it on the chin without blaming others. Read More....For More IIPM Info, Visit below mentioned IIPM articles.
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