It’s time to hit a ‘home’ run...

Homecoming might not be more sweeter than in this festival season
Soaring interest rates and simultaneous increase in loan rates might just have pushed your dream house out of your reach. But come festival season and the sector has enough reasons to celebrate. People who have deferred their decision till now, are looking forward to the auspicious days ahead to buy their dream home. So with festive season round the corner, oodles of activities are anticipated in the sector. Booming economy and increasing spending power of the middle class is further expected to fuel the real estate inferno. Abir Joshi, a young prospective house buyer told B&E, “Since my great grandfather’s time, our family has purchased properties around the festival season only because it is considered to be auspicious. This time also, I’m looking to buy a property.” Interacting with other prospective buyers belonging to different demographics and psychographics revealed that Abir is not the only one who thinks like that.

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Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

It’s time to hit a ‘home’ run...

Homecoming might not be more sweeter than in this festival season
Soaring interest rates and simultaneous increase in loan rates might just have pushed your dream house out of your reach. But come festival season and the sector has enough reasons to celebrate. People who have deferred their decision till now, are looking forward to the auspicious days ahead to buy their dream home. So with festive season round the corner, oodles of activities are anticipated in the sector. Booming economy and increasing spending power of the middle class is further expected to fuel the real estate inferno. Abir Joshi, a young prospective house buyer told B&E, “Since my great grandfather’s time, our family has purchased properties around the festival season only because it is considered to be auspicious. This time also, I’m looking to buy a property.” Interacting with other prospective buyers belonging to different demographics and psychographics revealed that Abir is not the only one who thinks like that.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

This ain’t no silver lining!...

Life has come full circle for Indian bankers and for the affluent Indian consumers. “Banks have to look for survival in this highly competitive scenario”...“We are five months in the fiscal and demand for advances is more or less flat”... The above statements from bankers say it all. Truly, the once profligate banks are now facing the toughest time of the recent times as they begin to question their very own survival. Increased borrowing cost has taken a toll on Indian banks and consequently on Indian consumers. Interest rate hikes, one after the other, have made the life of the common man miserable, as banks were quick to offload the burden. The banks’ prime lending rates (PLRs) increased by 250-300 basis points during the last one year. The weighted average PLRs of public sector banks increased from 10.7% in March 2006 to 12.4% in March 2007 and 13.1% in July 2007, while those of private sector banks increased from 12.4% to 14.1% and 14.9% over the same period. The weighted average PLR of foreign banks rose from 12.7% in March 2007 to 13.9% in July 2007.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Thumbs down

PVMI was able to give a thumbs down to its competitors with the help of its strong distribution network. PVMI at present boasts of a strong network of about 4,500 distributors spread across 2,000 urban towns. Another aspect that sets PVMI apart from its competitors is its most valuable asset – people! However, people have their own mindsets, their own whims & fancies, and their own style of working. So, here HR has a very important role to play – to reorient the human asset in such a manner that from mere individuals, they become a part of the organisation, and in the bargain not lose their identities. Increasingly, HR is transforming from being merely a general storehouse of sensitive information to moving to the forefront in terms of championing positive change, providing the right talent at the right time and ensuring a happy yet focused workforce.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

“Europeans are good global citizens”

Think Again
It likes to pretend it is a kinder, gentler alternative to US. But stagnant economies, suffering immigrants & elitist rhetoric don’t make a global powerhouse. With nothing less than the future of the European project at stake, the countries of Europe must now either unite behind much-needed reforms, or watch their differences tear them apart.

“Europeans are good global citizens”
False. Undeniably, Europe’s governments put on a good show. They sign the Kyoto Protocol—a treaty that commits them to do little about global warming, and whose terms they then fl out—while righteously deploring the US’ refusal to join in. They call for a bold new round of trade negotiations to address the plight of the world’s poor, and then sink it with their refusal to dismantle their own agricultural subsidies. When it comes to foreign policy, they are entirely preoccupied—and most likely always will be—with their own internal, intra-European machinations. Making a hash of the “European Project” generally requires their full attention. But that is all right, because as far as external threats are concerned, the instinct of Europe’s leaders is to appease and deny, which requires little commitment of resources. Europe’s Iran policy is only the most recent instance: Never confront, just keep talking, and all will turn out well in the end. Iranian President Mahmoud Ahmadinejad, for one, certainly endorses that approach. On occasion, the maintenance of global order requires a willingness to use military power, which in turn requires a prior investment in military hardware. Europe’s good global citizens apparently have more pressing priorities (such as those farm subsidies). The entire European Union (EU) spends about half as much on defence as US.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative