"HOT ROLLED"

While around half of these “hot rolled” sheets are sold off to outside clients like Kalyani, Wills India, ITW Signode, Tata Motors etc, the remaining are actually ‘sold’ off to the Cold Rolling Mill (CRM) unit just around the corner, to be converted into thinner and much longer sheets (say of just 0.67 mm thickness and up to an overwhelming 10 kilometres in length), depending totally on the end customer’s requirements; for Tata Steel is one of the very few companies in the world that now produce 100% finished steel customized to perfection. In fact, as Verma takes us around the CRM plant, it gets eerier. There is no sign at all of the heat and fire of blast furnace number 7. There are no sweating and cursing thousands of workers who struggle against the elements like in the Hot Rolling Mill.

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Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

AGRICULTURAL CREDIT

“Micro-credit is an aggregation of small transactions. As a result of this the transaction costs are high,” responds Dr. Amir Khan. “Thus, in order to meet costs as well as prevent losses due to defaults, banks oft en give loans to large farmers. This is the reason why, despite so much of money being doled out in agricultural credit, farmers continue to commit suicides,” he added. Dr. Khan recommends arguably that if banks were allowed to levy an interest rate of 50%, that would enable them to reach out to the needy and then “they would not have to seek loans from money lenders who charge 500% to 1000% in many cases.” SHGs are a loose association of individuals with minimum 6 members and are based on the principle of collective responsibility.

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Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

Professional and Personal

But all that he achieved on the professional and personal front does little to justify the wealth he has allegedly accumulated unfairly, which amounts to around $1.7 billion in stock options. There lies the dilemma for America Inc. More and more top honchos get trapped in vicious cycle of greed & investors feel like sheep lost in the woods. It will take more than a series of tough dismissals for UHG to undo the huge blow to its image and for Dr. McGuire remains a lifetime of regret after a humiliating exit. If only he would have continued with his Lambda Chi Alpha ways...

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Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

Illegal Killing oF Birds

In this light, the much touted God’s own country, that is Kerala, has been more than a rude host to these honoured guests. Because of the habitat destruction, pollution and poaching, many migratory birds are on the verge of extinction in the state. Illegal killing of birds for meat has been on high. Save Silent Valley, Periyar Tiger Reserves, and few others, rest, all the other areas have more or less disappeared from the state. And now, it is the same sorry state-of-affair in other parts of. Unless laws and regulations are vociferously promoted to save such aviary migration, birds of the many flocks might never fl y together again...

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Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

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BOOKS GET A FAIR DEAL

XBOX AND INBOX APART, BOOKS REIGN STILL…
Come October and Germany is on everybody’s mind – Why?! If you are one of those well-informed folks, (and in particular, up to date with these few pages regularly), you’d make an intelligent guess of the Oktoberfest. And even though it’s not the answer we’re looking for, it sure is pardonable. Which is why reading helps. Between the 4th and 8th of October, all pen pushers from the publishing world, and whoever had anything to do with the written word, would’ve converged for the Frankfurt Book Fair 2006. The largest of its kind, the Fair is central to issues of publishing and translation rights apart from being the biggest forum for authors, artists, academicians, trade associations and book lovers at large to exchange notes. Representing a reassuring scenario in times that leave no time for leisurely pursuits as book reading, book fairs are the ideal hangout for those who consider ‘curling up with a book’ the most romantic idea of recreation, still.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006