Friday, May 31, 2013

The Kuno Conundrum

Yes, yes, I know I had promised to write about my adventures in Gobar Goho’s akhada this week but I can’t help but  interrupt the series and celebrate this… Palpur Kuno is finally going to get its own lions!

After all these years of lobbying and litigation, those at the helm of this leonine resurrection have finally managed to pull it off. I have been doing my bit for the cause, mind you. Putting in a good word here and another one there, and now that it is finally going to happen, I feel that this victory is as much mine as it is theirs.

For a long time now, wildlife activists have been fighting for the cause of establishing a new home for the Asiatic lion. The Gir sanctuary in Gujarat, the last home of the Asiatic lion is bursting at the seams with lions today. There are just far too many of them for their own good in the park. Human-lion conflicts, territorial fights in the overcrowded confines of the sanctuary and the ever-present threat of disease or disaster wiping out the last surviving population of this great predator have made it imperative that a new home be found for the lion.

But for those not in the know, all this euphoria over shifting a few big cats a few hundred kilometers might seem rather misplaced. So let me break it down for you by taking you back to how it all began…

Once upon a time, as recently as the 20th century, three subspecies of lion roamed and ruled the earth. The African lion in sub-Saharan Africa, the Barbary lion in North Africa and the Asiatic lion whose reign extended from Asia Minor and across the heart of India and right up to the plains of Bihar.

The lion in those days was a king indeed. Proud and brave, he strode over thorn and bush and over the great plains and the grassland, his great maned head held high. But alas his pride spelt his doom, for in open country, the lion became easy game for rifle wielding trophy hunters who wiped out the Barbary lion from all over its range in the Atlas mountains.

In Asia, the big cat fared little better. Hunted to extinction across most of his reign, the beginning of the 20th century saw the last dozen or so Asiatic lions cowering in a small pocket in Junagadh. These lions too would have gone the way of the Barbary lion and into extinction if the Nawab of Junagadh, would have had his way when he invited Lord Curzon for a lion shoot.

However, when Lord Curzon realized how critically endangered the lions happened to be, he politely refused to shoot and urged the Nawab to protect the lions. And so, at a time when there were 10 to 25 rupees bounties on wild animals like tigers and lions across most countries and even in India, Junagadh had already begun its march towards conservation.

The years rolled by and now, Gir is home to more than 400 lions. Besides issues of overcrowding, the fact that all these lions have emerged out of a small gene pool of a handful of lions, makes them perhaps a trifle more vulnerable to diseases and epidemics that could wipe out the entire population of Gir lions. For this reason, it would be akin to committing ecological hara-kiri if efforts weren’t made to sprinkle the lion population over different geographical zones.

Wildlife bodies set the ball rolling in the right direction and identified Palpur Kuno in Madhya Pradesh, a habitat that was once part of the Asiatic lion’s range, as the ideal reintroduction site. However, the big cat’s home state, Gujarat, wasn’t so keen on sharing its pride and refused to give up its lions.      

However, just about two days ago, the Supreme Court directed the state of Gujarat to release a few lions for them to be reintroduced into Kuno. This is the first step for the lion in reclaiming its old lands and a much needed shot in the arm for conservationists struggling to protect the lion.

Incidentally, Palpur Kuno, the place ear-marked for the reintroduction of lions has also been shortlisted for a cheetah reintroduction project. The Asiatic cheetah, now found only the desert regions of Iran was once abundant in India. Along with hunting, habitat-loss and loss of prey base, one of the most unique reasons in the history of wildlife extinctions has to be the trapping of wild cheetahs to be trained as hunting assistants in royal hunts. Nawabs and other royalty would keep trained cheetahs in their hunting stables even as recently as the 1940s. One can still find archival films that have captured these hunts. Hooded and carried on bullock carts, these cheetahs would be released near a herd of unsuspecting blackbucks and then a spectacular high-speed chase would ensue, often resulting in the  cat tripping and biting the animal’s neck in an effort to strangle the animal. Meanwhile the nawab’s hunting attendants rush to the fallen buck and dispatch it by slashing its throat with a knife. The cheetah is rewarded for its efforts with chunks of meat from the kill. Unfortunately, these cheetahs did not breed in captivity, and by 1947 India had lost her last cheetah.

Since, the Iranian subspecies is too vulnerable and the African cheetah is genetically identical to the Asiatic subspecies, Laurie Marker, the Jane Goodall of cheetah conservation has suggested that India should reintroduce African cheetahs to restore the world’s fastest land mammal to the Indian landscape. The transfer was supposed to have happened last year but the Honourable Supreme Court of India suspended the project, urging the Ministry of Environment and Forests to first focus on the successful reintroduction of our own Asiatic lions to Kuno.

While I find the idea of seeing cheetahs racing across the plains extremely exciting, not only is the court order ethically pertinent but also environmentally sound. To first introduce cheetahs to a habitat, allowing them to flourish at the very top of the food chain unimpeded by its greatest natural enemy, the lion and then once it has settled in, to suddenly shock them by releasing lions into their territory could potentially destroy both the cheetahs and the reintroduction project.

On the other hand, cheetahs brought in from Africa would know the rules of engagement as far as lions are concerned. When eased into an ecological framework which already has lions in it, the cheetahs would make the transition naturally and co-existence, in the long run, especially with Asiatic lions not familiar with cheetahs, a far greater possibility.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles
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

ExecutiveMBA

Tuesday, May 28, 2013

An Unfair Takedown!

What is this I hear? Word’s afoot that the IOC (International Olympic Committte) is all set to plant a patent leather boot on wrestling’s proud and broad backside. Just isn’t fair if you ask me. Just as we got so good at field hockey that our dribbling had left both audiences and competition with eyeballs going giddier than pin balls, they changed the game by waving in artificial surfaces. Then they waited long enough for Mary Kom to get a little long in the tooth and slow down a bit before introducing women’s boxing to the games.

For years India’s celebrated wrestlers would beat all-comers in dirt pit matches but without the resources to procure enough wrestling mats, wouldn’t be able to muster enough speed to match opponents on modern mats and lose both pride and points. And just when a new wave Indian pehelwans seem to be on the verge of global domination, the sport of wrestling is being shown the door at the highest sporting platform in the world – the Olympics. Just doesn’t seem fair.

And it isn’t just the land of the Great Gama, Gobar Goho and Sushil Kumar that is crying foul. Of Uzbekistan’s five golds at the Olympics, four were in wrestling. Of Azerbeijan’s six, four went to the big guys in singlets. Even a regional powerhouse like Iran owes 39 of its 60 medals at the games to her pehelwans. And grapplers won the most powerful Olympic nation in history, the United States of America, the highest number of medals in the games after athletics and aquatics.

The ancient Olympics, the games that inspired the modern sporting extravaganza, was basically about foot races, a chariot race, wrestling matches and boxing. The legendary Milo of Croton owes his legends to his Olympic victories in the wrestling pit. To take wrestling out of the Olympics is to take the soul out of the games. If the IOC replaces wrestling with Baseball or Taolu Wushu, they might as well stop calling the games the Olympics (after Olympia in Greece) and start calling it the Mount Rushmore games or the The Great Wall games.

Don’t get me wrong. I’m all for adding new disciplines to the games. New disciplines like sport climbing and karate would be great for both the spirit and the spectacle of the great games. But why drop wrestling, a sport that both in popular culture and ancient art pretty much represents the games? And it is a discipline whose highest honour, its greatest pinnacle, is an Olympic medal. Removing such a discipline from the games would take away the dreams of thousands of young wrestlers from Tehran and Iowa to Baku and Hissar, and turn away thousands more from taking to the mat. And what about the millions of amateur wrestling fans for whom catching Olympic wrestling matches on the tube is highlight of their Olympic experience?
Instead, if the IOC really wants to shock the world and drop a sport that would get noticed, instead of something obscure and little known like Modern Pentathalon, it should perhaps drop soccer from the list.

To begin with, Olympic soccer, with its rather queer format and restrictions, is not even a pale shadow of the real thing. The quality of skills and stars on display wouldn’t match club football, regional tournaments or the World Cup. With its huge infrastructure requirements, soccer almost needs a parallel venue and set up. And last but not the least, Olympic soccer is a very poor reflection of the real world. If we are talking football and you come across rankings where Canada ranks way ahead of Brazil, Germany and the Netherlands, know that we are either at the Olympics or you’ve got that list upside-down.

The Olympic committee says it dropped wrestling from the proposed list for the 2020 games based on ‘apparent popularity’, television ratings, policy against doping and globalised spread of the sport, amongst other things. That, just between you and me, is just plain ridiculous and a whole bunch of words I am not supposed to write. The IOC obviously needs to become a little more transparent and democratic about its means and methods.

The wrestling world, fans, federations and athletes, will react as it best can. But this should also serve as a wake-up call for the sport. Wrestling, given its past and potential could do far more to popularise the sport. It has relied too long on its various derivatives to stay relevant for a large section of people. Pro-wrestling for fans from around the world, folk wrestling for traditionalists and collegiate wrestling for career athletes keeps the heat off amateur wrestling federations and the need to modernize or innovate.

How much cooler would the sport become if they would ditch those singlets which haven’t changed since KD Jadhav stepped out of one and design something which Reebok or Adidas wouldn’t be embarrassed about having their name emblazoned across. And organising tournaments around the world where top seeded wrestlers go up against each other for points and trophies much like in pro-tennis with its ATP points and Grand Slams would really be very exciting. Additionally, this would allow fans to associate with and recognise not just the country but the individual wrestler, his style and method and his personality.

Every sport needs spectator interest, champions and characters to grow and flourish, find fans and become commercially viable, for associations, athletes and sponsors.

Is there more that can be done for wrestling? Of course! The world celebrated the glories of Muhammad Ali, Don Brad man, Roger Federer, Tiger Woods, Fedor Emelianenko and Pele for standing atop their chosen sport with near invincibility for so long. And yet it hasn’t heard of Aleksandr Karlein, a giant on the mat who dominated Greco-Roman wrestling for a decade and a half.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles

Monday, May 27, 2013

In Good Faith

A pilgrim’s progress

On what is a personal journey, a search for a tolerant India, Saba Naqvi, senior journalist, explores the nation’s composite culture that challenges pre-conceived notions of what makes a Muslim or a Hindu.

In Good Faith is a journalist’s account of discovering individuals, communities and places on the periphery of absolute identities culling out a unique space for themselves in an orthodox and exclusivist society.

Taking the readers on a pilgrimage across India, Naqvi does not impose her views like a public intellectual or invoke theories of secularism or communalism so intensely debated by academics and refers to less than half a dozen books only when needed to explain syncretic traditions that have existed for centuries.

Over 190 pages, she narrates 35 stories of shrines visited by Indians, who regardless of their religious persuasion, are in search of miracles. In Good Faith begins with an examination of Patachitra painters, found in West Bengal and Odisha, who identify as both Hindu and Muslim. Similarly the chapter titled The Cry for Hussain that focuses on Andhra Pradesh, explains how Moharram had metamorphosed into something entirely different and is ‘celebrated’ in every village and town in Telengana, Rayalaseema and coastal Andhra Pradesh. Dwelling on how a period of mourning mutated into a joyous celebration, Naqvi cites a Moharram song written by Balaiah, a Telugu folk poet: “Recite in the name of Allah/ Then the Devata will bless you”.

The book explores India’s spiritual landscape even as each chapter stands on its own and takes the reader on a voyage of inter-faith dialogue. Interestingly, though non-Hindus cannot enter the main gold-domed enclosure that houses the principal deity Lord Vishnu known as Sri Ranganathaswamy, the leading Vaishnav temple in Tiruchirapalli has housed ‘Thulukka Nachiyar’, a Muslim consort in the same enclosure. Besides this curious phenomenon, the author explores Nathar Vali, the dargah of a Sufi saint, and the legend of the Velankanni Church in Tamil Nadu, among others.

In Good Faith contains several stories of communities that professes Islam through their customs and dress but have a lifestyle remarkably similar to that of Hindus, for instance Langas and Manganiyars in Rajasthan. Similarly, Meos in Haryana and Rajasthan combine the Islamic nikaah ceremony with a number of Hindu rituals.

Naqvi also tells us about the much-known harassment and intimidation of pilgrims and how extracting donations have been honed into an art whether at Meenakshipuram temple in Madurai or Nizamuddin Auliya Dargah in the capital or elsewhere. “Otherwise non-paying devotees have to make do with a somewhat distant darshan… Big Religion is after all Big Money,” she notes.

No book on Indian culture is complete without a take on Bollywood that reflects as well as moulds Indian life in many ways. The book has a chapter Bollywood Muslims and draws a parallel to African-Americans in the United States.

In Good Faith is a product of influences on the author’s own life – the first being her father veteran journalist Saeed Naqvi who made a small series for state-run Doordarshan titled Mera Bharat, brief fillers on India’s composite culture during late 1980s. The second big influence was JNU’s late Professor Rasheeduddin Khan, an authority on cultural pluralism. Shocked and rattled by the demolition of Babri Masjid in 1992 like many Indians who believed in a secular nation, Saba quit her job from a newsmagazine and set off on a journey to locate traditions that represented some sort of unity as opposed to the divisions that became strident during the 1990s.

What makes the book readable is that it is short and crisp and celebrates those for whom pluralism is an integral fact of life, not a mere fancy fad. “Hindu bigots and Muslim fanatics feed on each other,” says Shakti Nath Jha, who heads an umbrella organisation of Bauls, who sing with their ektara and are often hounded by religious puritans.

The book tells us that religious tolerance is a dialogue that has been going on, silently and inconspicuously, in front of our eyes and within our earshot for centuries and hopes that it provides a strong counter to fundamentalism.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles
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

ExecutiveMBA

Friday, May 24, 2013

Securing the war criminals

Security heads of US seems to have legacies of war crimes and controversies

Serving his second term, President Barack Obama recently nominated John O. Brennan as the head of the Central Intelligence Agency (CIA) and Chuck Hagel as the new Secretary of Defense. Both these positions are deemed decisive for US security as both work closely with the President on internal and external security issues including war on terrorism. In the past, these positions were held liable and accountable for all security glitches including the infamous 9/11 incident and even for the attacks on foreign soil by American soldiers. Interestingly, many times, the heads of various US security agencies – be it the CIA chief or Secretary of Defense – have been accused of human rights abuse during their tenure. But what is shocking is that despite such allegations, the government has rarely hesitated in promoting such individuals to the highest posts in various security agencies.

The recently appointed CIA chief, John Brennan, was a key officer who was involved in the Bush-era war crimes in conflict zones. He was also a supporter of CIA’s inhuman detention and interrogation program, which was severely criticised by global media and human rights groups. As Deputy National Security Adviser for Homeland Security and Counterterrorism, he executed America’s drone attacks in Afghanistan, Syria and Iraq and is also allegedly involved in other war crimes and extra-judicial killings in these zones, which he undertook the veil of war on terrorism. He has now replaced David Petraeus, a man who again was in the watch list for alleged human rights violations and a series of war crimes. Chuck Hagel, on the other hand, has also been criticised by the Republicans and Zionist groups for his stance on Iraq war and US-Israel relations.

It seems allegations of war crimes have become an integral part of the resumes of security officials for promotions. For the last couple of decades, US Presidents have been ignoring such violations. For instance, Robert McNamara who served as a Secretary of Defense from 1961 to 1968 was accused of being responsible for the deaths of three million people during Vietnam War. Similarly, Secretary of State Henry Kissinger, Secretary of Defense Donald Rumsfeld and many more, have dubious track records when it comes to human rights.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles
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

ExecutiveMBA

Thursday, May 23, 2013

Quixotic Fury

Pratham Dwivedi writes on Aseem Trivedi, the man who was on a fast unto death to repeal draconian laws.

Aseem trivediThere are two words in Urdu that simply cannot be translated perfectly in English, no matter what self styled linguists claim. One is called Deewanapan, and the other is Junoon. A poor translation of the two would read as: infatuation and obsession. Whether Aseem Trivedi is infatuated or obsessed with repealing section 66(A) is hard to tell. Many well known cartoonists of India have come on TV talk shows in the past and called him stupid. Some have called him juvenile. Some cynics have even slyly suggested that the young man is seeking his 15 minutes of fame. It says a lot about the massive disconnect between the English media and the real India that the brash youngster has drawn more criticism than admiration. But that is Aseem Trivedi, the self styled Internet cartoonist who wears his emotions and his passions on his sleeves; or on his unkempt beard, you might say. In many ways, Aseem Trivedi represents the subverted aspirations of small town India who see carnivorous parasites belonging to the political, business and intellectual elite gnawing away the innards of the very soul of Indian civilization. You think the language here is way over the top? Well, it is. But for the small town India and its fury that Aseem Trivedi symbolises, it is only over the top that seems to work in this era of 24x7 hyped news. Even Bollywood bimbos like Poonam Pandey and Rakhi Sawant have mastered the art of going over the top. They understand the pysche of the small town Indian. Nuanced reasoning and subtle hints are not for them. Loud is better, and over the top is pretty damn cool. And the underlying message too is loud and clear: to hell with you English medium types and your sniggers.

Recall the narrative when Aseem was picked up by cops from Maharashtra for posting cartoons on the Internet that were deemed offensive and inflammatory. The young man enacted his role of being a revolutionary with elan. He refused to seek bail. The cops didn’t know what to do with him. Forget the cops; even the English media frankly didn’t know what to make of him. He was not Anna Hazare who could be draped in Gandhian colours and elevated as the 21st century version of the Mahatma calling the teeming millions to rise against tyranny and corruption. He was not Anna Hazare, the 21st century version of middle class messiah whose voice has been downed in the din and bustle of electoral and vote bank politics. As the top cartoonists of India suggested, his cartoons too were very poorly drawn and apparently in poor taste. So why was this man adamantly refusing to seek bail? For the English types, the very absence of any nuance or subtlety in the demands raised by Aseem Trivedi were unfathomable. In fact, Trivedi seems to have just one demand: the scrapping of the undoubtedly draconian Section 66(A) of the IT Act. The fact is, the law is in place, midwifed by the UPA regime and Aseem was behind bars. The lower court judge too seemed to go through the torturous motions of dispensing justice. It was a long while before the man was released from prison. No matter how cynical you were, at that point in time, you had to admire his guts. And you had to fall back upon those two Urdu words Deewanapan and Junoon.
Aseem trivedi
Something similar seemed to happen when Aseem Trivedi announced to all and sundry that he will sit on a fast unto death till the Section 66(A) is repealed. Predictably, the news media which carpeted Jantar Mantar with hysterical sound bites when Anna Hazare sat on a fast; and the media that started airing all allegations unleashed by Arvind Kejriwal against the high and mighty as weekly show tried very hard to ignore the man. Well, they could ignore the man. But they could not ignore the issue that he was raising. The arrest of two young girls near Mumbai under Section 66(A) for ostensibly offending public sentiments on Facebook had already created a firestorm across the world. And before India became the land of unfree when it came freedom of expression, the Supreme Court had admitted a petition filed by Trivedi seeking the repeal of Section 66(A). You can ignore a small town hick who seeks his 15 minutes of fame. You can say that his sound and fury is mere posturing. You can say that his passionate patriotism is faux nationalism. You could, well, say that he is over the top. But how do you ignore the Supreme Court? And how do you ignore the crescendo of voices rising across the land calling Section 66(A) a blot on democracy and freedom.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
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
BBA Management Education

Friday, May 10, 2013

And there are reasons to be hopeful

However, while the current 3 trillion yen in monthly asset purchases consists of 1.8 trillion yen in long-dated Japanese Government Bond (JGB) purchases, as well as around 1 trillion yen in short-dated Japanese Treasury bills, with the remainder in other assets (corporate bonds, commercial paper, exchange-traded funds, etc), the new 13 trillion yen in monthly purchases from January 2014 will consist of 2 trillion in JGBs, 10 trillion in Treasury bills, and 1 trillion yen in other assets. This means the bulk of the increase is in short-term government Treasury bills, which roll over quickly, implying that the BoJ’s balance sheet will not increase at a substantial rate, although its assets will still rise faster than under the current programme.

Nevertheless, these three essential moves – a doubling of the inflation target, a lift in the asset purchase programme from January 2014, and an open-ended QE commitment – all signal a significant loosening in monetary conditions, a key pillar of Abe’s new economic policy and an agenda being seriously pursued by the newly elected members of The National Diet.

The motive is clear. Abe wants to break the deflation cycle and a strong yen, both of which have been choking off Japan’s economic growth over the last 15 years. In fact, the two problems are interconnected. Typically when central banks pump liquidity into markets following recessions, businesses and consumers borrow, growth picks up and eventually inflation rises. This is not the case in Japan, where deeply entrenched deflationary expectations and other factors weigh on loan demand. The combination of deflation in Japan and inflation elsewhere pushes up the purchasing power of the yen relative to other currencies. A strong yen in turn weighs on exports, the main driver of growth in the Japanese economy. And that’s exactly what is happening in the Land of the Rising Sun, which has been in recession for most of 2012 (its fifth recession in the last 15 years).

Even the revised estimate of Japan’s third quarter GDP was unchanged at -0.9% q-o-q, against expectations for a modest improvement. The annualised figure too remains unchanged at -3.5%, confirming the economy’s dire state through the second half of 2012. Consequently Tankan Survey (an economic survey of Japanese business issued by the BoJ) shows a sharp deterioration in sentiment through the fourth quarter of 2012. The headline diffusion index for large manufacturers has fallen from -3 in the September quarter to -12 in the December quarter. Confidence among small and medium-sized manufacturers and among non-manufacturers has also fallen. All this clearly reflects an economy that is contracting through 2013


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
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
BBA Management Education

Wednesday, May 8, 2013

Has Russia chosen the wrong guy once again?

With inflation cooling down to a post-Soviet record-low of 3.8% and real wage growth improving, some may wonder why is there an expectation of growing opposition to Putin during his upcoming Presidency? His reluctance to implement structural reforms coupled with his refusal to openly tackle rampant corruption in Russia could be contributing factors – but election fraud in the recent elections, surely not

Almost six months ago (on September 24, 2011), while addressing his party’s members at a congress, Russian President Dmitry Medvedev proposed that his predecessor, Vladimir Putin, should stand for the presidency in 2012. Clearly, this wasn’t a bombshell by any quarters; in fact, the announcement was quite expected. But that day, post the announcement, two things were more or less certain – Putin would win the elections and the opposition would protest the results. The definiteness in the above certainties was not because Putin was expected to win the March 2012 Presidential elections through fraudulent practices, but ironically because he was expected to win despite such practices. In other words, Putin’s popularity had held strong at such high levels over the past few years and especially as of recent times, that even international observers had expected quite a reduced form of ballot fraud.

It isn’t that Putin himself wasn’t aware of his massive popularity. His decision to allow the installation of more than 182,000 web cameras at 91,000 odd polling stations and admittance of thousands of independent, international election observers during the March 2012 elections should have convinced even critics that the man was changing. This is not to say that irregularities did not occur – a Chechnya polling station even documented a 107% voter turnout – but Putin’s final overall vote tally of about 64% matches closely with exit polls conducted by multiple agencies (like Public Opinion Foundation and All-Russian Public Opinion Research Centre) that forecasted that Putin would obtain around 58-59% of the polled votes. If at all Putin’s supporters abused the election process, to be fair, it couldn’t have mattered beyond a few handful of percentages in the final tally. And one really would be strongly given to believe that Putin would not have undertaken underhand election practices for such a puny advantage.

It’s abundantly clear that Russians en masse are supporting Putin’s candidature, more for the way he has stabilized the country from the pits it had reached in the 90s Yeltsin era, than for his dictatorial prances. Then why is there an expectation of growing angst in the upcoming Putin presidency? Like we said, election fraud surely can’t be the reason.

And even peddling Russia’s ‘impending economic downfall’ as the reason may, on the face of it, sound quite eccentric – while Russian real wage growth has returned to near double-digits (9% y-o-y in January 2012), inflationary pressures too have cooled down to a post-Soviet record-low of 3.8% in February. With 4.3% y-o-y increase in GDP in 2011, Russia’s economy has broadly even recovered from the global economic crisis. But a deeper look, and some questions around Russia’s remarkable growth, led clearly by ‘black gold’ (oil accounts for nearly 20% of Russia’s GDP, over 66% of its exports and 50% of its government revenues) surely start gaining locus standi.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
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
BBA Management Education

Tuesday, May 7, 2013

THE ignominious LEAGUE

In this exclusive joint study, Tuck School of Business, IIPM Think Tank and B&E profile the worst corporate leaders of the year gone by, and also discuss what makes CEOs do what they shouldn’t do!

A Tuck-IIPM Think Tank-B&E joint study

Last year in April, Goldman Sachs CEO Lloyd Blankfein was caught in the eye of a storm when nuns of Saint Joseph of Boston, Sisters of Notre Dame de Namur, the Sisters of St Francis of Philadelphia and the Benedictine Sisters of Mt Angel (which are investors in the bank) protested in unison over the payment of $69.5 million to the five most senior executives of Goldman Sachs. This year, shareholder angst over immodest compensations for top management came to the fore most dramatically in the Glencore-Xstrata merger. In May, Xstrata faced shareholder protest over higher executive pay, with 40% not supporting the annual pay report. And when they did approve the $31 billion takeover by Glencore in November, they overwhelmingly disapproved of the proposed “golden handcuffs” retention plan for the company’s senior management, with over 78.88% voting for the option that did not include the same! Of course, Blankfein has been equally unlucky this year too, with one of Goldman Sachs’ ex-employees Greg Smith posting his resignation as an op-ed in the New York Times and publicly deriding the company’s policies and management for a number of reasons. The pay/performance debate is just one key highlight of the kind of scrutiny that CEOs, especially in the US, are under nowadays. But it is not without basis altogether. In 1978, CEOs used to earn around 29 times more than the average employee. Today, if you look at Payscale data on the Fortune 50, the CEO is now earning 231 times more on an average. The ratio ranges from 1737 times for UnitedHealth Group to 10 times for Berkshire Hathaway Inc. Graef Crystal, an expert on pay, attempted to find a correlation between CEO pay and shareholder returns for companies in the S&P 500, and failed to find any! CEOs like Antonio Perez of Eastman Kodak, Henry Meyer III of KeyCorp and Paul Evanson of Allegheny Energy in fact took home more even as shareholder returns came down. Perez, for instance, was among the highest paid, but he was fourth from the bottom in terms of delivering to shareholders.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles

Far-from-ideal FDI policy

The US retailer has turned soft on its initial aggressive plans for India. Are infrastructure bottlenecks and a far-from-ideal FDI policy in retail thwarting its growth ambition?

The contretemps come at a time when the company should have been chalking up its next big move on the retail front. But embroiled as it is now in the unseemly allegations, what is baffling is that Raj Jain, the head honcho of its India unit continues to maintain a stony silence despite the pile of adverse publicity washing over the company. Company sources inform that Jain has been travelling due to personal commitments but it belies logic that at a time when the company is facing a crisis, its CEO can afford to remain incommunicado. For the time being, in the absence of Jain, Wal-Mart Asia head Scott Price is holding the fort in India. But many industry observers are intrigued by the absence of Jain. Repeated attempts made by this magazine to speak to Jain on this story did not succeed. His interview, running alongside this story, was done before the current crisis erupted.

Industry analysts that B&E spoke to, who did not want to be quoted on the current challenges facing the company because of the sensitivity of the matter, neverthelsess opined that the ongoing investigations could slow down Bharti-Walmart’s planned rollout of its cash-and-carry stores and push back its plans to enter multi-brand retail. According to analysts, a foreign retailer would need to invest a minimum of $100 million, of which 50% must be on back-end infrastructure within a period of three years of the commencement of the overall investment. “It is too early for us to share any clarity or details on our retail plans since FDI is opened only in nine states. We are studying the policy and will come out with our plans”, Jain had said to the media, some days after the FDI policy on multi-brand retail was announced. But even after three months since the announcement of the new FDI policy in retail, Wal-Mart has not come up with any concrete plans on how it intends to move forward on multi-brand retail.

One reason for the wariness in declaring its expansion plans could be the country’s abysmal lack of back-end infrastructure in retail, which is largely owing to the country’s creaky transportation network. As a result, products and especially farm produce take much longer to travel from farm to consumer than it should. Trucks carrying cargo in India travel an average of 250 to 300 kilometers a day, compared to twice that in the developed world, according to a McKinsey report, and that is unlikely to change just because foreign investors such as Wal-Mart want to set up shop in the country. Building infrastructure and other tasks traditionally done by the government – from building roads to devising a feasible agriculture policy – is a pretty tall order for a retail chain, even one as resourceful as Wal-Mart.

Arvind Mediratta, the COO of Bharti-Walmart, is candid about the challenges his company is up against. “As we open up stores in different states, there is a lot of complexity coming in. One issue is the Agriculture Produce Market Committee Act, wherein you require a licence for every municipality you operate in. For instance, when you operate five stores in Punjab, you require five different licences. Second, the cold chain infrastructure in the country is woefully inadequate.” So despite the excitement to grow its business in India, Wal-Mart appears circumspect of riding out the challenges posed by the country’s inadequate infrastructure.

India’s high cost of real estate also poses a big challenge for the low-price retailer. Wal-Mart is well-known for its hypermarkets spread over 100,000 to 200,000 sq. ft, but finding that kind of space, that too at a reasonable price, in big Indian cities will prove to be a wild goose chase. The longer it holds back on its expansion plans in India, the higher would be the cost it will have to pony up for funding its growth in the country. .
 

Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
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Monday, May 6, 2013

"We didn't have to pay for the launch"

The Indian Space Research Organisation (ISRO) recently celebrated its 100th mission with a flawless launch of a PSLV from Sriharikota. No mean feat, as for ISRO it all began just 37 years ago when, in 1975, it launched India’s first experimental satellite – Aryabhata. In an exclusive conversation with B&E’s Kumar Buradikatti, Prof. U. R. Rao, Former Chairman of ISRO and the man behind Aryabhata, recalls how he led his team and heralded India into space age

B&E: How do you sum up India’s space journey since the launch of its first experimental satellite – Aryabhata – from the Soviet Union in 1975?
Udupi Ramachandra Rao (URR): It has been a very exciting journey so far. But, in 1972, when we began work on the first satellite, we had no infrastructure in place. Still I accepted Dr. Vikram Sarabhai’s proposal to st

B&E: How do you sum up India’s space journey since the launch of its first experimental satellite – Aryabhata – from the Soviet Union in 1975?
Udupi Ramachandra Rao (URR): It has been a very exciting journey so far. But, in 1972, when we began work on the first satellite, we had no infrastructure in place. Still I accepted Dr. Vikram Sarabhai’s proposal to start a satellite programme in India. The idea was to use satellites for all practical purposes – education, communication, broadcasting, et al. In fact, I promised him to deliver the first satellite within two and a half years of the start of the project. We delivered what we had promised, and since then there has been no looking back. When INSAT came, we hardly had eight television channels in India. Now we have more than hundred. It brought about a sea change in India’s communication scenario. Back then it was extremely difficult to get telephones. Today we have mobile telephones. This is what ‘Space’ has done for us. Now we are using satellites for everything, i.e. communication, broadcasting, meteorology etc.

B&E: So, what was it like ... motivating and leading a huge team of accomplished scientists to launch India’s first satellite into outer space?
URR: It was a wonderful experience. It took Dr. Vikram Sarabhai almost two years to convince me to join the mission as I was very busy with other projects. Once agreed, Dr. Sarabhai and I decided that we have to convince the country that satellites are really important for communication, for education, for meteorology and so on. We did it with the help of a Hasselblad camera. We flew over Kerala, Karnataka and Haryana in a helicopter and took some pictures. The first pictures that were taken were of some coconut trees in Kerala. On examining them we found that a wild disease had infected the trees. But the farmers would come to know about it only when they were to climb up a tree to procure coconut and by then it would be too late. These coloured pictures were shown to then Prime Minister Mrs. Indira Gandhi by Vikram Sarabhai. She saw those pictures and asked, “When will the farmers come to know about the disease?” Sarabhai said, “May be after 6 or 8 months. By the time, it will be too late. Unless we detect the disease well in advance, we cannot cure it.” She was convinced that satellites were of great use, and we finally got started.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 
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

ExecutiveMBA

 

Friday, May 3, 2013

McDonald's vegetarian coup!

Globally renowned for its beef burgers, McDonald’s had its ‘holy cow’ moment when it recently opened an all-veg outlet in India. Will the move bring in new set of customers for the company which is aggressively looking at growth options amidst the competitive QSR space

Vikram Bakshi, Managing Director and JV partner (via his Connaught Plaza Restaurants), McDonald’s India (North & East), is quite a busy man. But as part of his job Bakshi ensures he takes time out of his busy schedule to travel: across cities, on main streets and highways (often tasting the local food fair). The idea is to gain an understanding of the different places, its people and most importantly glean some insight into their eating preferences.

One such recent trip took him to the holy Vaishno Devi shrine located in the Himalayan foothills in Jammu & Kashmir. People are said to come into epiphanies in the most unexpected places and circumstances and it was in Vaishno Devi that Bakshi seems to have met his Eureka moment. What hit him with the full force of commercial logic was the realisation that despite being a bustling place teeming with the multitudes of pilgrims making their progress to the holy Vaishno Devi site, the shrine’s base station at Katra stood out for singularly lacking in any organised food outlet. That there was no organised food chain to serve the millions who visit the shrine annually got him thinking. An idea started germinating and in quick succession a business strategy was born.

Like a self-fulfilling prophecy, Bakshi’s intuition took shape soon. In August, McDonald’s opened its first all-veg restaurant in India at Katra. McDonalds, the world’s second-largest food chain after Subway, is betting on its first fully vegetarian outlet to appeal to pilgrims on limited budgets, such as young people and families. Considering that most Indians are religious by nature (with the world’s largest concentration of vegetarian people), McDonald’s selective gambit to open vegetarian outlets makes good business sense as it can pave the way for building a strong platform for future growth in a country like India, which has a predominantly Hindu and non-meat consuming population. A recent survey showed that fully 40% of the Indian population follows a vegetarian diet and McDonald’s is seeking to cash in on this opportunity by planning to open many more vegetarian restaurants across the country.

The Ray Croc founded company, which runs over 33,000 outlets in almost 120 countries all over the world, serving roughly 70 million customers daily, counts its beef-based Big Mac burger as its signature dish worldwide but has been very flexible with its standard offerings in India. It has believed in tailoring its menus to suit local tastes – it is already beef and pork-free in India to avoid offending Hindu and Muslim sensibilities – and has opted for localized products with a strong veg product line sell more than what its other American peers have to offer. McDonald’s vegetarian fair accounts for almost 50% of its menu and sales in India, which is higher than its strongest competitor KFC that has less than 25% vegetarian offerings on its menu.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles

Gearing up for the 'reverse' leap

Driven by MNCs for the most part, a lot of interesting reverse innovations are being explored in the Indian marketplace, and they are bringing in a wide array of interesting possibilities. While that is great news for the Indian customer, what does it portend for the future of India Inc?

Right from the most primitive annals of corporate history to the present day, innovation remains a complex aspect of corporate strategy. It almost seems a foregone conclusion that companies that do not innovate and listen to their customer are destined to die a slow, and extremely painful death. However, leading business researchers have also shocked us often with the opposite argument – that if firms tend to innovate too much and focus too much on the customer, they may be equally pushing their luck to dangerous levels and beyond the proverbial cliff’s edge. The most popular, arguably, is leading management thinker Clayton M. Christensen. The following assertion from him in his bestseller titled “The Innovator’s Dilemma”, perhaps, aptly summarises his thought process, “Many of what are now widely accepted principles of good management are, in fact, only situationally appropriate. There are times at which it is right not to listen to customers, right to invest in developing lower-performance products that promise lower margins, and right to aggressively pursue small, rather than substantial, markets.” He has articulated that innovation has to be carefully matched to market needs and trends as well as organisational resources & capabilities.

Indian industry and academia seems to be taking Christensen only too seriously, if data on our innovation outcomes is taken into account. On INSEAD’s Global Innovation Index 2012, India scores a lowly 35.7 and a rank of 64. The index ranks countries in terms of the kind of input that drives innovation as well as the outcomes of innovation activity. The report highlights how innovation has so many different meanings in India, and is often used to imply short term fixes, which we call jugaad. A comparison of Gross Domestic Expenditure on R&D shows that US ($402 billion), China ($152 billion) & Japan ($138 billion) account for over 50% of global R&D expenditure ( ) on a PPP basis. India’s R&D spend is still low at around $24.44 billion (2007). As far as applications filed in their respective patent offices go, US (490,226), China (391,177) and Japan (344,598) lead again as per WIPO data for 2010, while India lags pathetically with 34,287 applications at its office in 2009. A research by Sunil Mani, Professor at Centre for Developed Industries cited that the top five R&D centres notched up 1021 patents from 2006-2011, and in comparison, the 38 NSIR laboratories could win only 432.

Within this state of affairs, ‘Reverse Innovation’, is like a breath of fresh air. The key here is not about India’s innovation capabilities, but about the market’s potential, which makes innovation specific to India compellingly relevant. In the 1990s, MNCs started seriously looking at India as a market and slowly as a manufacturing base. The next paradigm shift is to move R&D teams closer to the market, analyse its most pressing problems and develop solutions from scratch. The INSEAD report we mentioned earlier supports this view, as it says that the innovation paradigm in India, rather than being focussed on R&D spends, talent pools and patents, is increasingly centred on “production of solutions that are affordable and accessible to people with very low incomes.”


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 
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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