With another forgettable budget being presented in India, let me show how real commitment for the downtrodden can alter a country’s economic landscape! When the capitalist West won the Cold War against Soviet Union and Eastern European nations, it became an underlined conclusion among political pundits and in fact a common perception that capitalism was the real path for success – rather than socialism, which was made to appear as a sure shot road to economic doom! However, this self-ratified superiority of capitalism and the entire Western chest-thumping exercise that existed during those times and even the succeeding decades are all but gone. United States is grinding it out through an extended recession streak and Europe is literally struggling to keep the eurozone in one piece, with the entire eurozone on the verge of collapsing like a broken jigsaw puzzle. The recession in Europe and North America, which started in 2008, is like a never-ending nightmare with no sight of revival whatsoever! Reports of frequent protests all across Europe with people ransacking and vandalizing public property tell volumes about the distorted economic model of the entire region. One such set of protests – the Occupy Wall Street movement – epitomized the public outrage against the capitalistic style of governance in the United States. What worked for Barack Obama during these times of instability, were perhaps his pseudo-socialistic doctrines, which marked the beginning of a new economic era in a country that was once considered an unrelenting proponent of and for capitalism. In similar lines, the current chaos in developed economies too is speeding a transition towards a new economic pattern... a pattern that is gradually reinstating the very essence of socialism once more!

Spearheading this latent movement forever has been Cuba, which has shown incredible resilience against the American tirade and in many spheres is much better placed than most capitalist countries across the globe. The US trade embargo against Cuba – which the Cubans prefer to call an “economic blockade” – with its entire wherewithal could not destabilize their economy. An example typifying how the United States has continuously bullied Cuba was when America stalled the passage of a Swedish medical equipment consignment on the ground that the filters attached with the instruments were patented under US law. In similar fashion, America has regularly curtailed transactions of Cuba with various countries and corporations – whether it was to do with importing diagnostic instruments from Japan, chemicals from Italy, or X-Ray machines from France. But in spite of such attempts to distort and damage the Cuban economy, the country discovered many avenues to bypass the truant American meddling, by entering into joint ventures with foreign corporations and infusing investment in their home turf. The tie-ups Cuba managed included corporations from Germany, France, Brazil, Canada and even UK. The total project outlay from foreign collaboration in Cuba has surpassed $5 billion and is ever increasing now, involving around 60 different countries in 40 different sectors with the total number of such projects exceeding 240! That’s an incredible feat considering that Cuba has been economically isolated by the United States for decades now, with very few political and economic patronages worth mentioning. They did it on their own and did it with a socialistic approach! They escaped the clutches of recession, which shaped the misery of most Western nations, with their committed socialistic bent; and their economy is now advancing at an astronomical rate of 9.6 per cent per annum.   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 courses
MBA, 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 Overall

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Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
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“Web logs are the prized platform of an online lynch mob spouting liberty but spewing lies, libel and invective. Their potent allies in this pursuit include Google and Yahoo.” So wrote Daniel Lyons some years back, in a classic Forbes cover story titled ‘Attack of the Blogs’. As the Senior Editor of Forbes then, Dan was simply expressing his extreme frustration at the utter nastiness of the Internet community, which seemed to have a super-majority of calumnious commentators, who thrived on the faceless protection that the net provided in order to leave shamefully slanderous and defamatory comments left, right and center. Cut to the present, and the situation has sickeningly worsened. Not just globally, but perhaps more so in the Indian perspective. Take a quick ‘surf’ across various pages of the Internet and it would not be hard for one to realise that every fourth or fifth page is filled up with some or the other pejoratively aberrant content against respectable individuals and companies posted by untraceable, incognito and spiteful writers. From four-letter words to bigoted slanders to sexist comments to racist attacks to clearly inflammatory and libelous material, the net is now so completely full of criminally damnable statements that one starts wondering why the authorities haven’t woken up to act on this issue with the greatest speed. In case of profiles of meritorious organisations or individuals, this ratio of deprecating content put up by abusive users often shoots up to almost every second page. Internet hooliganism, as I describe it, is the most contemptible character of the modern technology era, where it doesn’t matter how respectable you are or what your organisation is, or how you sincerely worked throughout the past many decades – irrespective of all that, you will be attacked anonymously with false statements that will make you cringe for a lifetime and with almost no hope for any recourse. As per a 2011 report titled, ‘The Internet and Corporate Reputation: What you need to know’, conducted by law service firm Olswang and social media analytics company WindFall Media, “60% of the companies that had been victims of untrue allegations or rumours on the Internet said the allegations were likely to have an impact on the company’s share price.” As the 2010 Pulitzer Prize winner Kathleen Parker of Washington Post mentions in one of her articles, “The freedom granted by [Internet] anonymity and a virtual audience may have been a boon to democracy, affording everyone a voice, but it has been a plague on decency.”

The question is, why is all this not controllable? When a person talks negatively and falsely about you in public, the law provides for such a person to be immediately pulled up by both law enforcement and judicial authorities. Then why cannot the same rules be applied over the Internet, when someone posts flagitious and gutter-worthy comments about you or your corporation? Because of three key reasons, which go hand in hand!
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 courses
MBA, 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 Overall

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
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Rajita Chaudhuri-The New Age Woman
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Kasab was a terrorist from across the border – a man who was seen killing innocent Indians, by millions, almost live on TV! He had to be hanged and announcing it in advance could have created international cross-border tension. His secret hanging was understandable though the political calculations in the times of a fast rising pro-Narendra Modi wave and an intention to extract credit was apparent. Although there was euphoria around the Kasab hanging, the fact is that the hanging didn't benefit the government – it at best reduced ammunition in the hands of the BJP to criticize Congress. The government apparently didn't learn lessons from that episode. With the intention of creating another wave of euphoria, this time they executed Afzal Guru in a similar fashion. Guru, however, can by no stretch of imagination be equated with Kasab. In fact, his is a case where the veracity about his very involvement has been questioned by far too many intellectuals, Arundhati Roy included. In the book titled 13 December, a Reader: The Strange Case of the Attack on the Indian Parliament, Praful Bidwai – one of the contributors – makes a most compelling argument. Afzal was tried under POTA, but sentenced under the Indian Penal Code. POTA clearly differentiates between committing a terrorist act resulting in death (punishable by death) and conspiracy in the act (punishable by life imprisonment). While the book finds out endless loopholes in the government theory and charges created on Afzal, the way he was threatened and tortured, at least one thing is very clear – that Guru had at the most conspired to the act; yet, that allegation too, as I just said, is very debatable, despite the Supreme Court’s verdict. And if conspiracy is the main crime, then in that case the death sentence itself is a debatable punishment, though I have to accept that like many others – before I had read enough on the matter and especially this particular book – I too was happy at the death sentence and unhappy at the delay in the hanging, since the media was running its own judgment on who the culprit was and creating a massive villain out of Guru.

But today, upon hearing the news of his hanging, I am shocked! I have three key questions running in my mind:

1. Is the Indian State so weak that it cannot bravely announce the hanging of a terrorist in advance and then hang him, as is normal practice? What kind of utter shameful cowardice is this?

2. In these days of growing human rights and the worldwide humane movement towards abolishment of capital punishment, how can a government commit this inhuman act of not informing the family in advance and not allowing a man to meet his family before his death? What kind of a shameful society are we living in, which first gives a debatable verdict and then denies a man his basic rights before something as extreme as capital punishment?

3. Has the government already conceded defeat to Narendra Modi and started doing illogical and mindlessly inhumane acts, which will in no way give them any extra credit? And is there no one with sound mind to advice the roughshod losers out there looking for cheap, atrocious shortcuts to popularity?  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 courses
MBA, 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 Overall

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
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Indian policymakers had been daydreaming all along that the public-private partnership (PPP) model could solve all the infrastructural deficiencies of India – a clear case of vision that had turned into wishful thinking. In reality, the supposedly resounding thrust on PPP has backfired and has even choked the prospects of this model. It is true that there is promise in the model, which had raised the hopes of the nation, especially in the areas of mega-infrastructural development projects. The entire nation had started to envision our metros becoming the equivalents of Shanghai or New York in the years to come. And why not? The drumbeats and glitter associated with the PPP model have been quite profound. If we compare the beaming airports of Delhi or Hyderabad (built through the PPP model) to the shoddy government achievements showcased in the quite ordinary looking Chennai and Kolkata airports, the point does gets proved.

Against India’s poor infrastructural backdrop, PPP had been exponentially scaled up in the last ten years under a blind faith that it would produce nothing short of a miracle. Private participation has been consequently rising in PPPs in sync with government’s mission and policy. In the 11th Five Year Plan for example, the government’s estimation of investment on the country’s infrastructure between 2007 and 2012 was pegged at $320 billion. In this context, the World Bank had earlier assessed that as much as 20 per cent of this could be sourced through PPPs. Astonishingly, the figure rose to 37 per cent with the major contribution coming in the telecom sector.

On hindsight, everything may seem good; but then, a deeper scrutiny reveals how PPP projects are getting stalled and delayed. What get missed in the larger picture are the latent problems that are getting accumulated beneath the surface. No doubt, the PPP model has constructed numerous state-of-the-art infrastructure projects, but they are still inferior in comparison to the output that developed nations have been achieving through the same model. The inherent curse of red-tapism and power struggle between different agencies as well as between the private sector and government are looming threats for the prospects of the Indian PPP model. Add to this, the inevitable scenario of corruption and resultant artificial price hike of the resources that are gradually making PPP an unviable business model.  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 courses
MBA, 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 Overall

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page

IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail

IIPM Links
IIPM : The B-School with a Human Face
------------------------------------------------------------------------
 
 
Picture
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 courses
MBA, 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 Overall

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page

IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail

IIPM Links
IIPM : The B-School with a Human Face
------------------------------------------------------------------------