Monday, September 29, 2008

Women-friendly nikahnama unveiled

However, not all Muslim clerics are happy; some have already slammed it

The controversial new nikahnama (marital agreement) unveiled by All-India Muslim Women’s Personal Law Board (AIMWPLB) had some All-India Muslim Personal Law Board (AIMPLB) members rubbishing it as “redundant”.

“It’s utterly useless, irrelevant. We have one already from the AIMPLB and there is no room for another,” said AIMPLB member Maulana Khalid Rasheed Firangimahali. A woman member, Moonisa Bushra, also saw no reason for the drafting of the new nikahnama. However, Khalid and Bushra have few takers. “This is just male chauvinism,” said Fazul Haque, a senior journalist & expert on women’s issues. This is the third nikahnama that has promised to give women some power. The AIMPLB and the All-India Shia Muslim Personal Law Board had released their own “model nikahnamas” in 2005....Continue

Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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Monday, September 22, 2008

A (c)ash rich proposition

GCIP acquisition gives sustainability but also substantially increases the risk profile for TCL

Tatas are on the rampage again! This time, it’s the less talked about Tata Chemicals Ltd. (TCL) that has created the buzz. The company announced a big ticket billion dollar mega acquisition of the US-based natural soda ash maker – General Chemicals Industrial Products (GCIP) on January 31. The acquisition (100% stake through a mix of debt & equity) will not only make TCL the 2nd largest soda ash maker in the world, but also help it command over 14% (over 5.5 million tonnes) of the world’s total soda ash capacity. However, it’s the choice of the target that deserves the real applause! Once the acquisition is complete, over 50% of TCL’s capacity would be through the natural route. This means both sustainability and natural hedge against the commodity cycle. “Since GCIP is using trona natural mineral, which can be converted into soda ash and is more cost effective (as production cost of natural soda ash is 40-45% cheaper than the cost of producing synthetic soda), it means increased profitability for TCL”, avers Rohit Nagraj, Sr. Research Analyst, Angel Broking. A Tata Chemicals spokesperson confirmed to B&E that “by 2009 and 2010, we will have more such overseas acquisitions as we believe Tata Chemicals has not yet utilised its full potential”.

The acquisition will not only enable the company to increase its capacity, but will also, in long term, give access to markets in North America, Latin America as well as Far East. Well, the sustainability is there to stay! (GCIP has natural soda ash mines expected to last for next 100 years). But then there are many who question the move on the backdrop of the US slowdown! “As many chemical manufacturers in the US are facing challenges, so will TCL,” says Paresh Nautiyal, analyst with Arihant Capital.

Moreover, TCL will undoubtedly face integration challenges with the unlisted US firm. Complicating matters further is the size and operating profile of GCIP (Moody). The transaction and the resulting financial & operating profile is still not amply clear. “Exchange rate is another challenge that stands in front of TCL”, Nagraj adds.

Well, the plan looks picturesque perfect. However, the road for TCL as well as the Tata group isn’t an expressway. Tata Group of late has raised lot of debts in financing its elephantine acquisitions and servicing, which might be a problem. There’s a maddening race at Tata Group companies to leverage in-organic growth. Tata Steel acquired Corus for $13.7 billion and another group company Tata Motors is also in talks with Ford to acquire Jaguar & Land Rover for $2 billion apart from many multi–million dollar acquisitions done by TCS, Tata Tea & other group companies in the recent past. And as most of these acquisitions have significantly increased its exposure to the American & European economies, sluggishness in there two markets could place Tata’s plans in jeopardy for quite some time to come.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

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

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Saturday, September 20, 2008

Does this mean you are not sure when Gujarat will be finally called a developed state?
The day a person says all work is done, that day the development of that state will stop. Development is an ongoing process. We must keep upgrading ourselves always.

Today, more and more politicians are making personal remarks. Even you have made fun of Sonia Gandhi? Why is this happening?

If I have passed single personal comment on Sonia Bhen, I request your magazine to criticise me as much as it wants.

Do you think that the national media is biased against you?

I do not like to criticise anyone or the media. Media has to decide now whether what it was doing was correct or not. I feel that the media is capable enough of doing its own introspection. It does not need my suggestions.

Some pundits and analysts are saying that while the Modi model may have worked in Gujarat, it will not work in any other state in India. First, Modi is not a model. Second, if they feel that providing electricity to 18,000 villages like we did in the state of Gujarat is not possible in any other state, I feel sorry for them.

What they mean is that there is too much caste-based politics in other Indian states.

One has to decide whether you want to work for the country or play politics. Once you decide that, it is possible to work in any part of the country. I believe every Indian believes in development. One should never blame the people.

There is a tendency in the BJP that whenever a politician becomes powerful, his/her relation with the party suffers a lot. No one has tried to keep me away from the party. I am also not going away from my party. I do not see a reason or any possibility of this.

Do you think that your aggressive Hindutva image will be accepted by the various NDA allies?

First of all, I do not waste my time or life on image building. I use my power, energy and time to build an image for Gujarat. I want my Gujarat to be the best.

How do you look at the prospects of NDA and UPA during the 2009 elections?

I got opportunity to travel around, and wherever I went, I felt that the country feels that there is a vacuum and desperately needs a Prime Minister. In the present atmosphere, one feels that India doesn’t have a Prime Minister. I feel people are desperately looking for a change. No one is ready to accept the UPA.

You use the slogan ‘Jai Gujarat’ more often than ‘Jai Bharat Maa’. I start my speech with ‘Jai Bharat Maa’. During the elections, ‘Jitega Gujarat’ was our party’s slogan that is why we used it more often. But my government’s motto, and we are repeating this since the last six years, is ‘Bharat key vikas key liye Gujarat ka vikas zaroori hai’.

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 :-
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Tuesday, September 02, 2008

The fort that lives...

... is dying. B&E visits Jaisalmer’s golden bastion and finds an epic and a relic.
In the chilling cold of Delhi, in the middle of a busy workday (watching others slog), the thought of a sunny Jaisalmer trip full of adventure and intriguing cultural revealing was rendering dreamy smirks on my face. The 22-hour long journey was tiresome on occasions when I watched the train halt at as many as 40 almost stranded stations and looked at a travel partner whose agenda seemed no less than setting a world record in sleeping the longest (as well as the loudest). But as soon as I stepped at the Jaisalmer station, energy gushed in. Looking at its low-ceiling construction with wonderfully designed pillars, I handed over myself to the royal city. As I turned around, the Punjabi Jat lad seemed to have done the same too, though in a manner typical to him, stretching out wide (and loud) at the very centre of the railway station, in full public view.

“The construction of the Jaisalmer Fort was started by the Rajput king, Maharawal Jaisal in 1156 A.D. atop the Meru mountain and the construction continued over generations,” said Chander Bhan, our man Friday for all things Jaisalmer. As we walked along, he continued, “It is the only fort in the world which has close to 5,000 persons living in it, along with 40 odd hotels and 15 restaurants.”

The magnificent fort is made in sandstone that fetches it a golden sheen. And, such is the beauty of the fort that it looks well maintained, even after 800 years of its construction. The high walled tawny fort of 99 bastions, shelters about 500 houses in the lanes that branch out further into other lanes full of houses. “People in the fort have been living for generations in eight mohallas (colonies) purely on the basis of a once rigid caste and class system. Some of the mohallas that have been popular since the olden days are those of the Brahmins, Sonars (goldsmith), Kshatriyas (soldiers), Hazuris (courtiers who were kings’ children from relationships outside marriage) and Mochis (cobblers),” the guide explained as if emitting out language from memorised contents in a viva voce.

While we walked through the lanes and bylanes, filled more with sellers than buyers, raving about the fort, its history and people who made it happen, we landed at 8th July, a restaurant chosen purely on the basis of its interesting name and little else.

It was a small rooftop joint where Rama Bhatia, a well spoken middle-aged lady took our order while our guide greeted her. Driven by habit and curiosity, we struck an informal rapport with Rama. She had been running the restaurant inside the fort with her husband (who named it after his birth date) for 10 years. Her husband, an old eloquent gentleman from the region who had seen the desert and the city evolve, joined us. Recollecting his memories, he started telling us how Jaisalmer, despite being Asia’s biggest district, wasn’t well known even in other parts of Rajasthan. It was only when the Indira Gandhi Canal was built in the year 1987 that a lot of changes took place. Tourism blossomed and the world’s only ‘living fort’ attracted thousands of people every year. He continued, “The population inside the fort has risen over the years and all are dependent on tourism either in entirety or in part.” With fear and anguish, he mentioned how due to water clogging and other sewage related problems, the ASI is insisting on the evacuation of the fort.
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 to come up at Rajarhat
IIPM awards four Bengali novelists
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The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
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