Public sector units mustn’t be made to die a natural death
“The private players in metals producing industry have been obliged with mines, then why has the government not accorded this right to a public
sector company,” argues K. K. Sharma of the Centre of Indian Trade Unions (CITU) while speaking to B&E. Yes, it is a fact that Essar, Jindals & Posco have all been obliged with mining rights to extract iron ore but the government not granted this privilege to Rs.91.26 billion strong Rashtriya Ispat Nigam Limited (RINL). Now, in order to protect the public sector unit, the workers belonging to 19 different trade unions have dissolved their differences to project a united front to put forth their demand to the government. RINL, which gets the raw material from National Mineral Development Corp. (NMDC) is facing the crunch because the NMDC has hiked the iron ore prices, plus they now have to face enhanced competition. The trade unions fear that such a situation will eventually sound the death knell for the company.
Why indeed should the private industry be given preference? Level playing fields need to provided for all to grow. All efforts to deliberately stymie the growth of the performing PSUs should be opposed tooth & nail.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
“The private players in metals producing industry have been obliged with mines, then why has the government not accorded this right to a public
sector company,” argues K. K. Sharma of the Centre of Indian Trade Unions (CITU) while speaking to B&E. Yes, it is a fact that Essar, Jindals & Posco have all been obliged with mining rights to extract iron ore but the government not granted this privilege to Rs.91.26 billion strong Rashtriya Ispat Nigam Limited (RINL). Now, in order to protect the public sector unit, the workers belonging to 19 different trade unions have dissolved their differences to project a united front to put forth their demand to the government. RINL, which gets the raw material from National Mineral Development Corp. (NMDC) is facing the crunch because the NMDC has hiked the iron ore prices, plus they now have to face enhanced competition. The trade unions fear that such a situation will eventually sound the death knell for the company.Why indeed should the private industry be given preference? Level playing fields need to provided for all to grow. All efforts to deliberately stymie the growth of the performing PSUs should be opposed tooth & nail.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
Top Articles on IIPM:-
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs
Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
Top Articles on IIPM:-
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs
for the Congress. Moreover, it has been forced upon the party,” says a political commentator, who has worked for the party for years. What he is talking about is the fact that the Congress today has no option but to fight on the growth and development planks. In a sense, aam admi, ‘inclusive growth’, and building an efficient and effective delivery system are critical for the future electoral success of Congress president Sonia Gandhi.
boiling point. The Congress leader Sonia Gandhi is openly advocating the “merchants of death” theory to show the true colours of Chief Minister Narendra Modi. Modi on the other hand, is relentlessly pursuing his agenda to ensure that his Hindu vote bank backs him to the hilt in the ensuing elections to the state assembly. The Elections Commission has asked both the parties to explain their conduct during the election meetings.
the Millennium Developmental Goal (MDG) by 2015. Beats the wit out of anyone that how on Earth will it be possible with only 25% of all schools in Ghana being government schools, 34% of such schools in Lagos state of Nigeria and only 35% such schools in slum area of Hyderabad and equally contemptible percentage of government schools in other underdeveloped countries! So does that mean that the UN MDG is wearing that confident look only because it banks on the private schools? Private schools might charge more fees, but that again is only because they deliver quality. And why are private schools subjected to such badmouthing, anyway when even the not-so-well-to-do families choose private schools over government schools? Seriously, the umpteenth claims of “education for all” which try and promote public schools do not hold any water … because education in true sense owes gratitude to private schools only.
more mobility, variety and protective data storage media will undoubtedly become increasingly essential. The growth in the storage devices is breathtaking. Customers will be demanding simple, comprehensive & secure storage solutions. For the consumer segment, Seagate will soon come out with Seagate Digital Audio Video Experience (D.A.V.E.™), which will be based on wireless storage (using Bluetooth or WiFi ) technology. This will enable data transfer on a centralised device from any mobile handheld device, digital or video camera and portable player.
are engaged in the task of providing these next to real-life experiences, this industry is nothing less than a hot pot of gold. Almost half of the Uncle Sam’s land and more than 90% of kids falling in the age group 2 to 17 are dissolved in the world of video games. Annually, Americans splurge more on gaming than they do on movies. According to PwC, the industry is expected to become an action-packed game of $48.9 billion by 2011 (currently $35 billion) at a compound annual growth rate of 9.1%. Consumers are always wanting more. And for Sony, Nintendo & Microsoft, it’s like a never ending marathon to bring the gaming experience more & more closer to reality.
re-rated any time soon? “In such a scenario, it will be difficult to find multi-baggers to show extra-ordinary performance over the next six months,” agrees Ashok Jainani, an analyst with KSL India. So, when equities are likely to remain in a range-bound move, reacting to global and domestic events, the challenges before mutual funds are to generate absolute performance, not only to garner additional subscriptions (growth in AUM), but also to retain existing AUMs. Further, their inability to pass on the burden (rising input costs) to consumers (due to government interventions) is expected to make them bleed more.
has led to positive sentiments in the market about ‘stability’ factor in the sector. Moreover considering a longer time frame, the prices are highly profitable as Susil Dungarwal, Analyst, Real Estate sector asserts, “In the last few years, the land prices have seen an unprecedented raise, which has invited various overaseas and domestic PE firms to venture into such deals...” This being said, the PE giants are however not ‘action sans caution’ with only 2 deals recording more than $100 million in transaction value during March-April, as compared to 4 during the corresponding period last year. “We can see more deals in the small and mid-sized segments, but the PE players are on a watch right now,” adds Pankaj. Even as a disappointed Anubhav Gupta, Analyst, Kiemeng Securities explains reasons for fall in interests in PE deals as, “The slowdown in the economy, the stock market crashing & fall in valuations of the company are the reason why companies are not preferring PE deals currently.”
the reasons are not hard to find. The oldies (read 50-plus) of the earlier generations were truly different because they were defined by the times and circumstances they lived in. Mostly, he lived in a joint family – in his prime – had parents to look after, kids to educate, sometimes, even aged relatives to care for. Security and future were his main, over-riding concerns and priorities. Today’s 50-plus is young at heart, financially comfortable with techno-savvy kids doing well in cool jobs and (sometimes) even a portfolio manager to oversee his investments. Further, myths like ‘the older you are, the lesser brand adventurous you become, lesser responsive you are to advertising, lesser willing you are to spend’ have been hurled to the trash can! Hawk-eyed marketers are going beyond financial and Insurance products to energetically woo this target base. Says the ad-watcher, “In today’s battle for Gen Grey’s wallet, a Rifle not a Shotgun, is the need of the hour.”
instant brain transplant perceive advertising to be the unsoiled harbinger of truth or relentless brand ambassador of reality. Advertising is after all (first and last) a crucial marketing tool mandated to do a job as effectively as possible. Toward achieving this end (like Bollywood) magnifying, hyping, dramatising, exaggerating and colouring comes with the territory. “Agreed,” says the hugely respected Asia Pacific President of Leo Burnett, Michelle Kristula-Green, “but are we reading the writing on the wall correctly?” In a hard-hitting presentation made a while ago in Delhi, titled MIS UNDERSTOOD-WHY SHE’S NOT BUYING YOUR AD’S, she let fly some disturbing whoppers based on her findings on an extensive survey across Asian markets – China, Japan and India. Woman, she said, accused advertisers of portraying them in a man’s version of what they should be like. Further, she added, the basic communication slant was way off on five solid counts: money, sexuality, humour, emotion and authenticity. The survey also revealed that unlike the West, woman here weren’t comfortable with blatant portrayals of sex. It was more an internal paradigm shift where they’ve learnt to handle and appreciate sex appeal as part of their intrinsic feminity rather than an exhibitionistic, brazen and titillating man-baiting USP. Finally, in Asian society, “girls are taught to view emotions as their strength NOT weakness hence they seem to respond to a message that is authentic & real – warts and all – more positively than one that is beautifully packaged but phoney.”
series Iron Man, is in many ways similar to Laxmi Mittal, the steel empire builder. Both men were relentless empire builders even in the wake of adversity and reservations. Neither was ever affected by complacency. The moniker of Iron Man is best suited for a Marvel universe inspired socio-economic structure. But we may still conclude that the Iron Man of the real world is indeed living up to his name. Not satisfied by his multibillion dollar bid to merge the world’s largest steelmaker with his own company back in 2006, Mittal is back for more. Obviously when you have $105.2 billion worth of revenue, complacency is well just another impediment.