When it comes to Private Equity (PE), there can be numerous schools of thought. You have the group that would completely go gaga over PE. You have another that would simply want to wipe off this infatuation from the market. There is also one that would hold PE responsible for failed, inefficient and weak government policies. In India unfortunately, what we have (mostly) seen so far is the havoc that PE has caused. And I clearly see it as one key reason that has snowballed into the economic crisis that we face today.

It was back in 1946 when PE emerged in the American market in its true sense. The era between 1960s to 1980s saw the Vanderbilts, Whitneys, Rockefellers and Warburgs build fortunes in businesses ranging from real estate construction projects to airlines, banking to whatever moved on the streets of Silicon Valley. Running parallel and equally fast was Warren Buffet, who through Leverage Buy-Outs (LBOs) acquired one corporation after another. The US Congress then opposed every change in tax policy that could have made life more difficult for PE firms (the Carter Tax Plan of 1977 was the first of such acts that failed to be enacted). What followed up until 1990 was quite understandable (given the quick, sweet success PE had witnessed in its early years). Thousands of PE labels mushroomed across the globe.

But beneath this rolling of the Red Carpet was a weakly-constructed foundation. Cracks on the PE wall first became visible in the first half of the 1990s. Ills related to the massive rise in leveraged buyouts that were financed by junk bonds led to the-then collapse of the LBO industry. Amidst various companies that went into a tailspin was a big name – Drexel Burnham Lambert. This one company that was credited for the boom in PE back in the 1980s had several allegations made against it. The firm was charged with insider trading and had to file for Chapter 11 in 1990. Thus, one of the founding pillars of PE was turned to dust. Companies and markets across the globe experienced a similar avalanche.

The ‘true’ global effect of PE became more publicised and shamefully dramatic in the early 21st century. It began with the dot-com bubble bursting. This disaster has so far caused the maximum damage because it sent more than just tremors across the global financial market. It shook the very belief in Private Equity (and Venture Capitalism). In the quick years that followed this early 2000s disaster, more than half of PE firms that had invested their dimes and coffers in web start-ups were forced to throw in their towels. Of course, the market as a whole, and the investors were left at the mercy of no modern capitalistic gods. Many IT firms that had become bigger with the prime support of PE saw the cash and asset balance levels in their wells fall. Much below even the amount of capital initially invested! And the biggest reason for such an unwanted outcome was that those very PE firms that had promised to fuel their dreams ran out of fuel themselves. They backed out in the name of retreat and failed to live up to their investment commitments. By the end of the year 2000, globally, the count of PE firms fell by a horrific 50 per cent!

Obviously, India was not one to remain idle when it came to being mesmerised by this hypnotic trick and believing in the permanent magic of a volatile formula. It was one of those markets that felt the maximum impact of the dot-com bubble slap. The Indian IT industry came under huge pressures – returns vapourised for some time and much hope was lost. There are huge apprehensions still – that have spread to other verticals. Even today, every now and then, cases of insider trading and embezzlement are reported across various sectors. And we’re not even counting unrevealed scams yet. Private equity dealings in the first decade of the 21st century has left us in ruins. Worse, during this period, PE entered one sector after another and that resulted in excess supply being created. The bubble of a hope that PE generated ruined organisations far and wide – some temporarily and some forever – with excess pressure of expansion that has left them in a complete mess with visible supply-demand mismatch.
 
 
Many may not be aware, especially in our part of the world, that back in the year 1933, on April 5, US President Franklin D Roosevelt signed one of the most controversial orders in American economic history. The Executive Order No. 6102 criminalized the possession of gold by individuals and corporations and forbid “the hoarding of gold coins, gold bullion, and gold certificates within the continental United States.” This order was an extension of the Presidential Proclamation No. 2039 that criminalized the hoarding, possession and ownership of gold or bullion, and imposed a monetary penalty of $10,000 (equal to more $170,000 in today’s value) and imprisonment for as long as ten years on individuals falling foul of the law.

Obviously, such laws on hindsight look very undemocratic and politically suicidal; but then, if one were to explore it and go beneath the surface, the big picture may gradually get vivider. In tough economic times, gold and similar forms of monetary elements can become a key source of increasing money flow in the market. One should remember that most nations (including ours) have at one time or the other even printed money based on the amount of gold kept in the federal bank (Reserve Bank of India, in the case of India). In other words, hoarding of gold by communities, corporations and individuals not only decreases the flow of money (given the unproductive capital locked within such hoarded gold) but also to a large extent disturbs the supply-demand equilibrium of gold and bullion. Before I reach India, let me in brief discuss the way Uncle Sam tapped (or as many critics would say, exploited) the Executive Order No 6102. The order forced every American citizen to surrender all their gold, leave 160 gms, to the Federal Reserve in exchange of a fixed amount of money. After receiving most of the gold, the US government increased gold prices manifold, thus churning out a huge amount of profit, which was used for the Exchange Stabilization Fund (ESF), a fund that enables the American government to control currency exchange rates. In 1964, the previous laws were modified and the ownership of ‘gold certificates’ was legalized, followed by the legalising of gold trade in 1974 – after almost three and a half decades.

The importance of and aspiration for gold ownership in India requires no introduction. Despite economic turmoil, the consumer demand for gold is up by 51 per cent in Q2 2013 while the demand for gold bars and coins is up by 116 per cent. As per various unofficial estimates, more than 60,000 tonnes of gold are lying idle in the form of jewellery and ornaments all across the nation. Going by the current price of gold at the rate of Rs.35,000 for ten grams, this unaccounted reserves could create a possibility of reaping about Rs.2,10,00,000 crores in money supply! Going by World Gold Council figures, Indians hold 20,000 tonnes of gold (which is an absurdly less figure, as a single temple in South India holds more than 1000 tonnes of gold); even considering this reduced figure of 20,000 tonnes (which is 33% of the unofficial estimates), the amount we’re talking about would be nothing less than Rs.70,00,000 crores!
Against these jaw-dropping numbers, what looks hilariously minuscule is the state of RBI. Despite such huge national deposits of gold, RBI has an official reserve of a mere 550 tonnes of gold, compared to 1000 tonnes of China (which is again debatable) and 9000 tonnes of US.

The Government of India should immediately draft and announce a Central Gold Bond scheme, where it should ask people to deposit their gold with the government in lieu of Central Gold bonds at a fixed rate of interest of around 9%. One reason I mention this percentage is because in my calculations, I have realised that despite the huge surge in gold price, in the last 65 years the same has increased by only around 9% per annum compounded. With respect to the government’s gold bond scheme, people should of course be allowed to take back their gold after say a period of 15 years. The same will be applicable for temples, trusts and other similar institutions; for them, the government could even make it compulsory to deposit all gold and make hoarding beyond a limit illegal. These institutions should be thankful that the government is not nationalizing their gold hoardings, given the immense employment generation potential this money can have. Thus, a huge percentage of gold in physical form would be directed to the Reserve Bank, which, in turn, would utilise the same to increase the money flow and to adjust the exchange rates of our currency.  Similar schemes have been in the past practiced by many European and African nations, with the latest being Venezuela. Read More....

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

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Natural resources have always been the moot point for many a conflict and have tempted Kings and kingdoms into conflicts and wars since ages. A quick journey across our history would be enough to realise that the mightiest regimes have made planned moves to conquer natural resources – be it precious minerals, radioactive elements, energy resources, drugs, water or even human power. Talking about modern history, countries like US, UK and other Western powers have invaded nations in search of human slaves to natural gas.

Amidst all this, the bad news is that the era of cheap natural resources is definitely far gone. Natural resources and illegal occupation are very closely linked together; yet the correlation is largely ignored. The one time champion and monopolist nation of natural resources today is finding it expensive to explore its own natural wealth and is rather depending on imports. As per the US Geological Survey, 2011, United States imports 93 per cent of its antimony and 100 per cent of its bauxite and indium, 50 per cent of its lithium, and astonishingly, 100 percent of its rare earth metals. In just two decades, the tables seem to have turned completely. Two decades ago, China was the largest oil exporter, and today it’s one of the largest importers. So much so that China’s consumption of essential metals has doubled in the last 10 years and is expected to double again in the next few years. Today, against all the odds, China has made its presence unshakeable in most of the Latin American and African nations. I have, in some of my previous editorials, written on how China is completely into Africa in all economic and non-economic sectors. And why not! Latin America and Africa are precisely the two continents, which still have enough natural resources to meet the global demands for years to come, and to make any country controlling these resources economically powerful for years to come. For instance, in 2007, China bought a 15,000 feet mountain in Peru for a whopping $3 billion. Mount Toromocho, which is spread across 138 km, has proved to be one of the most productive copper mines in the world and is reaping a profit that is almost 2000 per cent of the initial investment.

China is not leaving out promising opportunities even outside these two continents. China has recently signed a “laptops for pork” deal with Canada which will allow China to become a prominent player in the meat industry in no time. Simultaneously, China is exploring opportunities to make it big in the fertilizer industry. China, a few years ago, mobilised its state-owned enterprises to bid for PotashCorp (POT), the Canadian fertilizer giant which is the largest producer of potash and third largest producer of phosphate and nitrogen.

On a closer look, the entire resource-grab spree would reveal a couple of interesting and economically-intelligent strategies. China is tapping into the resources of those nations that are relatively weaker. In other words, they are entering nations that are politically weak and have poor governance (including India).

Moreover, these are precisely those nations where the West had never paid heed and had left them to their own fate. Various nations of Latin America, which were subjugated by the West through sanctions and regular invasions, and Africa where the West only went with an objective of plundering and looting, are the prime-interest areas of China. The dragon nation is offering countries in these geographies trade offers that are more than lucrative. Not only is China commercialising their dead industries but is also allowing them to develop support infrastructure. In any case, it’s a win-win situation for China from both the ends! Such deals give them free access to hinterlands and hidden resources and the support infrastructure removes the transportation bottlenecks too. 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
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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
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If in the world one needs to locate a string of pearls and a ring of fire at the same point, it has to be, without any doubt, India. For almost the last six decades or so, our neighbours have been attacking us on all fronts and as a nation we have been consistently acting as a sitting duck. It’s obviously a matter of immense pride that India, in its history of existence, has neither invaded any foreign land nor attacked any nation with an intention of occupying foreign territory. But then, against such a strong principle, a country also needs to develop similar strong counter-principles. It should have had a mandate that it should be treated the way it treats others. This is where we fell flat. On the one hand, we do everything possible to make sure we as a nation treat geographical borders with the utmost respect and righteousness; but then, on the other, we have failed to sprinkle the same feeling among others. Unfortunately, we largely failed to protect our borders and give it the same respect that we give to others... and this happened probably due to the lack of our own political will. This is where and when our neighbours, who are eyeing our sovereign land since decades, encroached upon our lands.

There is no point digging into the past and writing about the acts of atrocities by our neighbours since years and the number of jawans killed in the process and the number of civilians who die every year and the loss of property as an aftermath and the feeling of insecurity that gets installed in the society as a result. In the last couple of months, almost all possible fronts of defense were broken, or I should say, insulted. I have written repeatedly in my previous editorials how China habitually, strategically and illegally enters foreign lands and eventually adds those encroachments to their map. Reiterating the same modus operandi, China has already stepped inside our territory and has installed army camps and a military base too, which was realised and acknowledged by our ‘sleeper-cell’ ministry weeks after the event. But then, what comes as a shocker is the recent move by the Chinese army, a move which is beyond diplomacy and even beyond the definition of audacity.

A week and a half ago, the Chinese PLA (People’s Liberation Army) troops stopped the Indian army from patrolling in the Indian territory. After illegally occupying a large chunk of our land and illegally setting up a military camp, PLA troops have now gone to the extent of preventing the Indian Army from patrolling along the Indian border, a border which is within our territory. PLA troops came with heavily armed vehicles and displayed a banner stating that the land was theirs, and thus stopped the Indian army from patrolling (in the Ladakh region) in the area surrounding two posts. Unlike our system, which leads to such demeaning results, the PLA has also built an observation post to keep an eye on the movements of Indian army.  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….
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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 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
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IIPM’s Management Consulting Arm-Planman Consulting
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------------------------------------------------------------------------
 
 
In April this year, I had written on how various points in a 2012 Supreme Court judgement against the Sahara Group on the basis of an earlier SEBI order were clearly erroneous and went against even Constitutional Acts. (Read the article here http://www.thesundayindian.com/en/story/the-unputdownable/25/47189/). I had titled the article ‘The Unputdownable!’ as an appreciative sobriquet for Subrata Roy Sahara, the Sahara Group Managing Worker, who, despite various attempts by external entities to pull him down – the English media in India included – has come back with exemplary credentials.

First the background to this case and on the face-off that Subrata Roy Sahara has had with SEBI, and in this I liberally refer to my previous article. The Sahara group, which has issued OFCDs (Optionally Fully Convertible Debentures) since the year 2001 with all relevant government permissions, and which has regularly submitted all details as required by the concerned government authorities, suddenly got a prohibitory order from SEBI in November 2010 against the OFCDs issued by two unlisted group companies (Sahara Housing Investment Corporation Ltd. and Sahara India Real Estate Corporation Ltd.) – and this despite the fact that just seven months before that, SEBI had, through its own communication to Ministry of Corporate Affairs, commented that as these were unlisted companies and had not filed a draft red herring prospectus with SEBI, any complaint with respect to these two companies should be handled by the Ministry of Corporate Affairs.

Of importance is the fact that the Ministry of Corporate Affairs, in its written submission to the Allahabad High Court in 2010, mentioned, “The issuance of OFCD [by] the petitioner company after the registration with the Registrar of Companies has been permissible under law. The Central Government remains the regulating authority for the company.” Similar were the notings of the Additional Solicitor General, Mohan Parasaran (who is now Solicitor General), and of the Minister of Corporate Affairs, Veerappa Moily.
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
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------------------------------------------------------------------------
 
 
Joseph R. Biden Jr. just became the first US Vice President to visit India in three decades. While India considers this to be a proof of its popularity and widespread influence, there is The People’s Liberation Army of China (PLA) proving us all wrong. PLA crossed the Line of Actual Control (LAC) into India for the nth time this year alone! That China is bullying India has become more a common headline these days – and during a time when India is busy with some ineffective verbal tactics to cajole and persuade its adamant, powerful neighbour. But all along, we’ve seen China adopting the carrot and stick approach while dealing with our nation. How have we reacted? Actually, the more pertinent question is – have we?

History stands testimony to the fact that India – more often than not – chooses to sit back and take the blow (or many blows-after-many!) than being proactive in its foreign policy. Is there a wiser justification to the fact that even a much smaller (and weaker perhaps) State like Pakistan has dared to wage war with us as many as four times in the last 65 years. Today, it even executes terror acts in our country. Still our authorities choose to remain still and silent! There is no question of meeting the Pakistani Head of State eye-to-eye! And presently, with great camaraderie between China and Pakistan, the two foreign forces are working hard to make their fellowship count – against their common neighbor. The two have in recent times only magnified India’s external and internal security concerns and are literally toying with India’s perception of xenophobia! And China isn’t just the only culprit – Pakistan is enjoying giving the “poke” too. If China has displayed open disregard for the sanctity of LAC, Pakistan is flouting cross-border ethics in Chimur and Ladakh.

That the United States is increasingly feeling the heat from China – whose ambition clearly is to eclipse US as a global geopolitical and economic superpower – is a fact unknown to only a few. Under such a circumstance, US wants to cook a potion to neutralise the Chinese poison. There is also deep resentment in America regarding Pakistan, as time and again it has come to public light that the country covertly works against the interest of US and its people. From giving shelter to Osama bin Laden to becoming a haven for a host of small and large, organized and unorganised terror groups, like the Haqqani network (that engages in asymmetric war against US-led NATO forces and the government of Afghanistan and is said to have tremendous support from influential elements within the Pakistani security establishment), US is increasingly finding Pakistan an unmanageable rogue State.  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
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IIPM B-School Detail

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IIPM : The B-School with a Human Face
------------------------------------------------------------------------
 
 
India had been one of the fastest growing economies till early 2011. For almost half a decade before that, along with China, India was clocking over 8 per cent GDP growth annually and talks among analysts were ripe that India, along with its neighbour, would spearhead Asia’s rise in the new world order of the 21st century. However, things have gone awfully wrong for us ever since! The growth rate has kept plummeting, ebbing now at less than 5 per cent in the previous financial year; even till date, there is little light at the end of the tunnel. Two of the foremost reasons for such bottoming out are dried up investments and a rising current account deficit, which are becoming worse with each passing year as the burden of the global slowdown becomes heavier. While our current account deficit has reached a record 4.8% of GDP in FY 2012-13, as per a recent chamber of commerce report, new investment proposals from domestic and foreign entrepreneurs have dried up by 75% as compared to the previous year. As compared to 2,828 investment proposals in the fiscal year 2011-12 worth Rs.6 lakh crore, the figure in FY 2012-13 was 697 proposals worth Rs.1.4 lakh crore.

Ever since the liberalization era of early 1990s, Indian lawmakers had been obsessed with foreign investments and foreign capital, as if foreign companies were the panacea for our economy and ultimate messiahs to move our economy forward. And hence, the potential of our domestic capital and investments was thoroughly ignored. The domestic financial infrastructure in terms of developing an indigenous credit market was given a cold shoulder and all policy weight was put behind attracting foreign investments. Critics were silenced with the argument that emphasis is given on FDIs and not FIIs – as the latter had been a major catalyst for the infamous South East Asian economic collapse back in the late nineties. Our policy advisers, who are mostly accustomed to aping tried and tested economic doctrines instead of formulating something that is country specific to India’s economic environment and culture, couldn’t see the danger lurking. As global recession set in to full effect, the automatic depletion of FDI was a foregone conclusion. And as we had been over dependent on foreign investments – and thus had kept our indigenous credit infrastructure half-baked – there were no defenses against our economy flattening!  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
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IIPM : The B-School with a Human Face
------------------------------------------------------------------------
 
 
The Supreme Court’s recent landmark judgment, which ensures that convicted politicians will now get immediately disqualified from contesting in elections or holding office, marks an end to almost a two decade long tug-of-war between political parties and the Election Commission over the right of electoral candidacy to tainted candidates. While it is surely a landmark judgment and it’s not fair to be critical about everything, yet, the board is split into equal halves in their opinion towards the SC ruling, as pros and cons of the judgment seem to weigh equally.

On the one hand, just because a case is hanging against a candidate, it is grossly unfair for the person to be assumed disqualified (due to the hyped up fear of future conviction) – as the allegation could well be fabricated. As it often happens in the political domain, a candidate could be debarred based on false allegation brought about by vested interests to stonewall him from standing in an election. It’s quite easy and simple: just file a case against him, tom tom the fact that the candidate could end up getting convicted, and he is done for good.

Morally, it’s our Constitutional right to remain innocent until proved guilty. And if that doctrine is applicable to all Indian citizens, it is only fair that the same applies to the politicians as well. It is not that the SC judgment goes against this. But the scrutiny that politicians will face now, especially the honest ones who have trumped up cases against them, could well be unfair. The attempts over the years to enforce stringent rules against political candidates has been to stem the growing criminalization of Indian politics and to debilitate the nefarious nexus of politicians with goons and unlawful activities. But I have to admit, in this attempt to secure a fine balance between being just and unjust, it is debatable how far the strings should be pulled in curbing criminal activities in politics and how much latitude should be given to electoral candidates. The fact also is that a mind-numbing high percentage of Indian politicians have got criminal cases pending against them, most of which are genuine, but they are not convicted due to their muscle power.  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

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A nation’s education system is deemed to be one of the most vital pillars of a strong societal structure, and is equally responsible for economic growth. Almost all nations across the world have developed their unique models of education after synchronizing the same with their socio-economic structures. But amidst all, the Western education system since the last few decades has developed and transformed itself as one of the most flexible and most accommodative systems of education. The fact that the Western education system is renowned globally, drawing tens of thousands of students from developing nations, is because of its higher funding and prudent administration.

America holds exemplary credentials on this account. One of the first things that the United States did during its developmental years was to invest handsomely on education to create world-class academic institutions. As a cascading effect, the country slowly but surely developed an immense talent and skill base that became one of the key drivers of rapid industrialization and economic growth witnessed from the 19th century onwards in the nation. Even today, the best talent from across the world is attracted to United States because of the nation’s superior educational system and the resulting employment opportunities thereafter. Similarly, Western Europe too treaded the same path, although on a lower scale compared to United States, both in terms of the quality of education and the investment on institutions.

However, in this race for attracting the cream of global talent, the United States is running out of steam as the pressure of sustained recession is taking a huge toll on academic funding. If in 2009, a benchmark year, the US Department of Education’s discretionary funding on education was $155.4 billion, the same in 2013 is $65.7 billion, a shocking drop of $90 billion. The latest report by the Center on Budget and Policy Priorities, which brings out an yearly analysis of education funding in the United States, mentions that 26 states in America are reducing their education investment per student in 2013, while 35 states are still investing at levels that are below the pre-recession levels. The report mentions that this has resulted in hundreds of thousands of job losses in the education sector in the past few years, especially hurting the low-income groups in America further as many important school programs targeted at these communities have been the first to be purged. Many schools, colleges and universities have closed down their educational units, augmented fees, abolished extra-curricular activities and even research facilities that were pivotal to drive the innovation fuelling the US economy and its top position in global academia.
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
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