India’s scams and corruption are perennially ubiquitous – they keep recurring time and again. There is hardly a month that goes unnoticed without any major scam breaking out. It is not that there isn’t any scam elsewhere, but barring some sub-Saharan and Asian rogue states ruled by the junta, the scale and magnitude of Indian scams have outperformed every other nation by an unprecedented margin of frequency and scale. Typically, a scam exposé starts off with media frenzy and then gets lost into thin air! The typical Indian middle class’ short memories, inevitably brushes the scam off, and then the judiciary typically bails out the accused, and everything is business as usual. Even though media spotlight continues on the case for a while, the same mostly focuses on the economic aspect of it, largely ignoring the enormous social impact. Mostly, the multi-million dollar scams that prop up every now and then have huge negative externalities both at the regional and national level.

Let me talk a little about the recent scam, which has been rocking the nation – Coalgate! Coal mining – the lifeline of thermal power that constitutes around 66 per cent of installed capacities in power generation in India – is very inefficiently run, and I’m being graciously modest when I say that. The sector is marred by massive pilferage and corruption with open disregard to environment and conservation. However, there are many other serious ground concerns that have been missed amidst the entire current hullabaloo. To start with, the mandatory regulation of open cast and underground mining requirement is flouted openly, causing health hazards on account of environmental degradation per se. The corruption level is beyond one’s wildest imagination. Sample this: even the sand purchased to fill the old mines is being sold in the open markets for petty gains!

There have been waves of protests in most of the coal mining states – particularly socially conscious Maharashtra – against pollution, environment hazards, and land acquisition... but nothing much was done. Land procurement is done by the government, and also by the private coal mining companies, which have very little respect for the laws, and who have very little good-faith negotiations with the land owners! And mind you, these activities are on since decades, even before any coal scam was discovered.    Read More....

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

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I rarely watch TV as I don’t have one on my floor of our house! However, when there is some breaking news, my father calls me down to the ground floor (where he stays) to watch the same with him. So I really had no idea about the Union Law Minister Salman Khurshid, a man I like, holding a press conference last Sunday where he lost his temper at some journalists. Of course, I was aware of the allegations made against the Zakir Hussain Trust about some hanky panky with government funds meant for physically challenged people. I also knew there was something about forged signatures of top officials of the Uttar Pradesh government. My first reaction was: this must be mere politics. But I was forced to take notice when dad told me that Arvind Kejriwal, the activist turned politician, is taking this issue seriously and raising serious questions about the integrity of the Union Law Minister on TV. If nothing else, the activist turned politician at least deserves our respect for his amazing display of guts and gumption.

A colleague then sent me a clip of the press conference where the Law Minister is clearly telling a journalist that he will see him in court. My fault, but once again I thought that this was more entertainment than news. But I did sit with my father and switch some channels that night, and I did read the newspapers more carefully the next day. And I was horrified. Louise Fernandes Khurshid, the wife of the Union Law Minister and the person who actually runs the Zakir Hussain Trust, has filed a Rs 100 crore civil defamation case against the two channels Aaj Tak and Headlines Today. Nothing surprising about that, for every Indian has the right to file a defamation case if he or she feels aggrieved. But what was horrifying for me was the manner in which the promotor of the group who also publishes India Today, Aroon Purie, was personally targeted. It was genuinely shocking. We had journalists asking Salman Khurshid whether he will resign from his post till an independent enquiry clears his name. He blithely replied that he would resign if Aroon Purie, the promotor of the India Today group, also resigned and if there was an enquiry against Purie and his group. Most horrifying: I found hardly any support in the media fraternity for Aroon Purie and his India Today group. Just imagine the rotten and extremely dangerous precedent this is setting: if, for example, The Hindu were to publish some exposé against any minister, the minister could demand an enquiry against N. Ram. If NDTV were to show an investigative piece against Nitin Gadkari, he would demand an enquiry against Pranoy Roy. If The Times of India were to reveal something embarrassing about any powerful person, then he or she will surely demand an enquiry against Samir and Vineet Jain... I could just go on and on...   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 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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These have been truly turbulent years. Between then and now, we have seen Mayawati sweep Uttar Pradesh and then lose it badly. Between then and now, India has miserably lost the Cricket World Cup and then won it handsomely. Between then and now, the Indian economy has changed from being a rampaging elephant to a caged tiger once again. Between then and now, the three Khans of Bollywood have further cemented their supremacy over the box office. Between then and now, Rahul Gandhi has been transformed from being the latest Great White Hope to a question mark and an enigma. Between then and now, the loot and plunder of natural resources through crony capitalism have gathered momentum. Between then and now, Ratan Tata has endured the disgrace of Singur to fade triumphantly into retirement. Between then and now, Mamata Didi has remained Mamata Didi... So much has happened over the last six years that it would require many multiple books to chronicle contemporary history. And my readers know I do not write history books :-)

And yet, I have identified six major and defining trends of the last few years that will have a lasting impact on India for at least another decade. In no order of preference and importance, here is my list:


1: Good governance gets pro-incumbency verdicts:
In 2005, when my team and I had started planning the launch of The Sunday Indian – after having launched Business & Economy and 4Ps Business & Marketing – Nitish Kumar narrowly failed to achieve his dream of becoming the Bihar Chief Minister. In 2006, when this magazine was launched, Nitish Kumar won a decisive verdict. In 2011, he won an even more decisive verdict. So much so that people are now openly talking of his ambitions to be Prime Minister. Ditto for Narendra Modi. Barring a miracle for the Congress, Modi is all set to win Gujarat for the third successive time. Like Nitish, he too is a contender for the post of Prime Minister. Sheila Dixit and Naveen Patnaik have already won three successive elections in Delhi and Odisha respectively. The incumbent Left Front in Kerala almost pulled off a shock victory over Congress last year, losing the assembly by just one seat. The Akali Dal-BJP combine achieved what was thought impossible: winning a second successive term in Punjab. And it does look like Shiv Raj Chauhan and Raman Singh will win their third successive elections in Madhya Pradesh and Chattisgarh next year. It is not as if all incumbent governments are winning. The DMK-Congress alliance was humiliated in Tamil Nadu last year; Mayawati lost badly in UP this year; the BJP lost Rajasthan in 2008; and the Congress was trounced in Goa this year. I really don’t need to add more. If the voter thinks you are delivering decent governance, you have her support.   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 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
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