Monday, April 12, 2010

Living with a flawed destiny

Investments in defence at the cost of social good are unpardonable

Global annual military expenditure stood at around $1.46 trillion, as per a report in 2009. The top 15 countries with the highest military expenditure spent around 81.4% of the total. It is estimated that the world needs only about $260 billion annually for the next 10 years to eradicate all the basic malaise; be it poverty, insufficient healthcare, lack of shelter and clean water, illiteracy and sustainable energy. Given that kind of a comparison, there’s a clear paradox that countries are facing; are the investments towards defence supposed to only protect the ‘advantaged’ well earning masses?

US alone has spent over $5.5 trillion on nuclear arms till date, and has a current stock of over 10,000 nuclear weapons. US spends $35 billion a year on defence (or $96 million a day). Similarly, France has spent not less than $1.5 trillion on nuclear arms. USSR has spent $3.5 trillion on nuclear arms. Even as recently as the last decade, when countries were ratifying the Chemical Weapons Convention, Albania, Libya, Russia, US and India have declared over 71,000 mt of chemical weapon stockpiles. The developing nations are no less in their over eager attempts to defend their borders. $32 billion is the 2010 investment for India in defence. Pakistan is $8 billion. China is $78 billion.

While it cannot be denied that a nation’s spending on defence technology is necessary due to various imperative and unavoidable reasons (mostly conflict with unreasonable neighbours), it is clear that if the same nation were to be equally committed towards eliminating poverty, the world could have surely been a better place. The funny part is, this is no Holmesian secret, and the nations involved know the discreet logic quite comprehensively. Then why don’t they simply eliminate poverty? Unpardonable...

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

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Thursday, April 08, 2010

Lost in the jungle....

Explore the many facets of nature in Karnataka. You will return home rejuvenated
The only biodiversity reserve in the Western Ghats, Dandeli forest, on a clear day, can be a sight for the Gods. Both vegetation and wildlife are abundant here, and the mountain range presents a truly impressive sight. Enveloped by a dense jungle, Dandeli, located in Uttara Kannada district, is a small town with many delights.

The multifaceted landscape and the heavy rainfall have made certain areas unreachable. Just as well. This has helped the area retain its remarkable eco-diversity.

The Western Ghats have an average elevation of 1200 metres here. However, in certain places the range rises abruptly to a height of over 2440 metres. In the forest, river Kali flows unhindered. The gorgeous Kali is great for white water rafting. Check into the Kali Wilderness Camp and put your endurance to the test.

The resort jeep drives up to Ganeshgudi, around 29 km away. Once you get started and as you battle the foam, oars in hand, you can feel the spray on your face and excitement coursing through your veins.

The Nilgiri hills are home to two of the highest peaks of the Western Ghats, Dodabetta, which has a height of 2637 metres, and Makurti, with a height of 2554 metres. To the south of the Nilgiri hills is the 24-km wide Palghat gap, extending from east to west.

Though located in the heart of a forest, Dandeli is not difficult to access. The nearest railhead from Goa to Dandeli is Londa, 45 km away. Hubli, 85 km from Dandeli, is one of the bigger junctions for those travelling from Bangalore/Mumbai. A lot of people prefer to take a bus from Bangalore or Goa to Dandeli.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-

Outlook Magazine money editor quits
Don't trust the Indian Media!

Tuesday, April 06, 2010

Moviola moments

The international film festivals in Cannes and Toronto are ideal unwinding opportunities for those looking for a bit of stardust while on vacation

What really is Cannes? It isn’t the capital of France. It isn’t even near Paris. And it certainly isn’t the movie hub of the world. But those in the business of cinema – whether they peddle expensive tent-pole movies or craft small, intimate, cutting-edge films – simply cannot do without it.

But hang on, there is more to Cannes than its famed film festival. Sans the latter, held for 12 days in May every year, this French Riviera town wouldn’t have been what it is today – one of Europe’s most written about places.

There is nothing in the world quite like the Cannes Film Festival. Over 200,000 people arrive here during the event. Nearly 40,000 of them are registered delegates, 4000 of whom are accredited journalists. In terms of media coverage, the Cannes Film Festival is rated as the world’s third largest event after the Olympics and the soccer World Cup.

So shouldn’t the movies be the sole thing on your mind as the aircraft floats in from over the Mediterranean to land at the Nice Cote d’Azur airport? Well, the answer is no. During the 30-minute taxi ride from Nice to Cannes, think silvery beaches, soothing climes, tempting wines and hours of repose in genteel cafes.

Cannes is a veritable smorgasbord, a city of pomp and ceremony that celebrates high art with as much passion as it embraces the most brazen displays of showmanship from attention-hungry movie industry mavens and mavericks.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-

Outlook Magazine money editor quits
Don't trust the Indian Media!

Wednesday, March 31, 2010

Ipl – A beast or a bestseller?

Last week, two new IPL franchises were sold-off by BCCI at record high rates. Does this signal the beginning of a bubble for Lalit Modi's IPL or will his baby turn into the world's largest sporting behemoth?

Three years back, owners of the noted English Premier League (EPL) club paid Rs.1,511 crore to purchase Liverpool, a top name in the EPL for some years now, with stars bought for multi-million dollars like Steven Gerrard (from England), Daniel Sánchez Ayala (from Spain), Javier Mascherano (from Argentina) et al. That was considered one of the biggest deal in the world of sports. A repeat occurred in India last week, when all those present in a five-star hotel ballroom in Chennai were struck with two big surprises. Any observer in all his honest self would confess that none expected the influx of funds to have such unimaginable magnitude. So much so, even IPL's Godfather Modi could not disguise his surprise. “This is a super duper Sunday for BCCI and IPL,” said a beaming Modi. He further admitted that he was expecting much less for each franchise and not Rs.1,702 crore for the Pune team and Rs.1532 crore for the Kochi team (a total of Rs.3,235 crore for the two). In short, individually, both these teams were worth more than the famous Liverpool Football Club. Nothing surprising there, till you realise that unlike the English club, which had well-acclaimed stars during to boast about during the bidding process, nothing was/is known about the names of the Pune and Kochi IPL players – beat that for speculation!

Even when you look at the current IPL contracts, when all the teams were first put up for sale in 2008, the eight franchises were sold for a much lower Rs.2,853 crore, much lower than what the two new teams (as a combine) fetched in this auction. According to a BCCI official, there were five bidders this time for the two new teams, namely, Sahara Adventure Sports Group, Rendezvous Sports World Ltd., VC Digital, Adani Group & Aman Vohra. Out of these five, Subrata Roy-owned Sahara bagged Pune & little known Rendezvous caught hold of Kochi. Knowing Sahara's Roy and his relations with BCCI, the Pune franchise will most likely come out with its IPO in 2013. The BCCI official also said that, "Already one of the major football clubs from England has shown some interest in investing in the Pune franchise. This clearly indicates that Sahara is already looking for investors and can’t swallow a monster like an IPL franchise on its own." If this is the case with Sahara, the fate of Rendezvous appears all the more doubtful. Till date, most can only guess as to which parties actually formed this group. Insiders claim that Rendezvous is a consortium formed by Vivek Venugopal, Mukesh Patel, Ravi & Shailendra Gaekwad, Anchor Switches, Rosy Blue Diamond, Anchor Earth Pvt. Ltd and Parinee Developers.

Whether it is the well-known Amby Valley knight or some unknown Special Purpose Vehicles, the real rub lies in the outflows that are bound to follow. Whatever the parties have spent so far is only for the purchase of the respective franchises. Now, they have to invest on players, staff, logistics and infrastructure. Starting September, the players' auctions will start, and Sahara and Rendezvous will be forced to shell-out some precious coins for purchasing players. Next comes supporting staff, back up logistics... and the list continues! At the end of the day, building your team as a dominant brand poses the biggest challenge. Though for various reasons, this doesn't appear to be an issue in the case of Sahara, as far as Rendezvous goes, it sure has a rough uphill ride ahead. So there are many dark clouds looming large over Kochi. But as the grapevine telegraph has to offer, with Shashi Tharoor (who is the Minister of State for External Affairs) to back you up as far as funds are concerned, would you ever waste a frown? Perhaps not...

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-



Outlook Magazine money editor quits
Don't trust the Indian Media!

Tuesday, March 30, 2010

Business ‘of’ and not ‘for’ kids

International adoption is emerging out as a new illegal business

Adoption predominantly and fundamentally was meant to provide a better living and growth environment for orphans. Historically, the process of adoption was given a very high social recognition and was seen as a community responsibility. Of late, especially in the developed world, the increase in infertility rate has shifted this process of adoption from realm of domestic region to international markets. With Hollywood celebs like Madonna and Angelina Jolie adopting numerous children from world’s poorest regions, the whole concept of adoption seems to have become an international fad now.

Westerners see this act of international adoption as a rescue measure for orphans from poverty-stricken life. But then, this act at no given point of time convalesces the fundamental and core reason of poverty. Moreover, these so-called adopted children are actually either kidnapped, stolen or transacted and not really adopted. Social unrest, poverty and natural disaster make it very simple for child traffickers to export or import babies like any other commodity behind the veil of adoption.

International adoption has today become depraved business of supplying children to rich Westerners. Children are literally assumed as commodities and are sold to those who can afford it. In regions like Haiti, Guatemala, China and Africa there are agencies that deal in international adoption. Going by a conservative estimate, adoption today stands as a $100 million industry and agencies charge anything between $25,000 to $40,000 per child from adoptive parents.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Read these article :-



Outlook Magazine money editor quits
Don't trust the Indian Media!