Publication and Research, IIPM

Quite clearly, the corrupt and the fixers will have a field day fixing the system while the honest will be penalised. More than the increase in the tax burden, the FBT is also reflective of a mentality that is not healthy for healthy growth of markets. Since 1991, businessmen and tax payers have often heaved a sigh of relief as successive finance ministers have made brave attempts to simplify the tax regime and adopt a less adversarial stance towards them.

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Source:- IIPM Editorial, 2006

Publication and Research, IIPM

Bharat Petroleum has announced plans for foraying into DTH. But companies like Larsen & Toubro and distribution giant Hindustan Lever Ltd learned the hard way that diversification without process and structure support would only fail. And for a family run business like the Escorts group, the changing times did not even offer a chance.

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Source:- IIPM Editorial, 2006

Publication and Research, IIPM

He was arrested, tortured and convicted of antigovernment conspiracy in what many considered an absurd show trial. Qutb’s political theory was profoundly shaped by torture. Not only did he regard his torturers as sub-human, he stretched that categorization to include the entire state that ordered this brutality, including the practicing Muslims who passively lent their support to President Gamal Abdel Nasser’s regime.

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Source:- IIPM Editorial, 2006

Publication and Research, IIPM

Re-igniting the revolution Dr. Atkins sparked in the 70s, his new book started the ‘low-carb’ mania, with millions opting for this wickedly miraculous diet. Easing guilt-ridden minds better than any shrive-spiel, this diet allows all meats and fats, and dunks mother’s favourite veggies, fruits, rice, beans, breads and cereals into the garbage can! Rolling their eyes for sure will be the Japanese boasting of the lowest rates of obesity in the world, guzzling and gorging almost all that is ousted by the Atkins diet. Eliminating entire food groups from a person’s platter, it’s no wonder that the waistlines begin to shrink and one begins to “feel the Atkins change” in more ways than one.

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Source:- IIPM Editorial, 2006

SEBs don’t maintain accounts (Publication and Research, IIPM)

The perpetually loss making State Electricity Boards (SEBs) have oft en made news for the huge losses that they have accumulated, and for their inability to deliver regular power to Indian consumers. It was thought that a gradual and transparent process of corporatisation and privatisation would lead to a change in the situation. But reformers had not bargained for one thing: Since SEBs have not followed even the bare basic standards of accounting, nobody has a true picture of the assets and liabilities of these bodies.

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Source:- IIPM Editorial, 2006

BSE is one legacy that India would not want to lose (IIPM Publication)

Murthy couldn’t have been more accurate. Just becoming a corporate entity would not rid BSE of the criticism it has faced in the past. BSE should be able to invest into the best technology available and into ensuring that those processes and structures are maintained, that adhere to global governance standards. Surely, BSE is one legacy that India would not want to lose.

Source:- IIPM Editorial

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Copyright: IIPM-2006