The launch of a new era

While India Inc. is busy going global, picking up industries in the developed world, the public sector has been quite a laggard in comparison. And India’s indigenous space programme has not been too far behind, as it has come under severe criticism. In this scenario, the recent success story emerging from Sriharikota (Satish Dhawan Space Centre, Tamil Nadu) could have profound implications. On April 23, 2006, Indian Space Research Organisation (ISRO) achieved a significant milestone by professionally launching its first ever commercial venture – Agile. The astronomical Italian satellite was immaculately placed in an orbit (roughly 550 kms above the surface of Earth) by an indigenously built Polar Satellite Launch Vehicle PSLV-C8 (since 1994, the vehicle has transported 8 remote sensing satellites; a meteorological satellite; a tiny radio satellite & a space capsule, it is also now in the process to launch India’s first mission to the moon, Chandrayaan-1, in 2008).

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Source:- IIPM Editorial, 2006
An IIPM and Management Guru Prof.Arindam Chaudhuri's Initiative
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Chavéz’s Land Reforms Are Truly More Than Forcible Land Distribution

Venezuela, like other Latin American countries, has witnessed an extremely unequal land ownership system, where only 5% of the population controlled roughly 75% of the agricultural private land. Importantly, almost 60% of the agricultural labourers have been landless. Migrating to urban centers, these landless labourers have flocked to slum areas, complicating things further. The oil boom of 1990s succeeded in earning petrodollars, the benefit for which again fl owed to select few of the elite. Neglect of agriculture and iniquitous land equation made Venezuela a net food importer. The land reforms seek to change exactly that.

For Chavéz to succeed, his land reform initiatives have to be merged with provisions of financial credits, technical expertise and marketing assistance for the farmers. But all in all, there is no doubting the fact that Hugo Chavéz has redefined socialism dramatically and humanely. If only Left ists across the world could learn from him...

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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Just did it!!!

For the great, the ordinary is... extraordinary! And why not? Look at Nike Inc. Who could have imagined a swashbuckling 12.7% growth in earnings per share (EPS) over a decade behind its modest M-Cap curtain of $26.45 billion?

Its financials of late, too, have been nothing short of fabulous with 9% growth in revenues – which touched $3.9 billion during the quarter ended February 28, 2007 – and an 18.5% rise in EPS to $1.37. And where competition is concerned, Nike – valued by the market at 17 times its forecasted 2008 earnings – is clearly way above its arch-rivals Adidas (valued at 12 times) and Puma (valued at 12.5 times). But while it deserves a congratulatory pat on the back for its performance, does it also mean that the world’s completely snug in Nike’s shoes?

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Indian agriculture sector stands a perpetrator of global warming

Main agricultural sources in the biological generation of methane have been the flooded rice fields and anaerobic animal waste processing. Shockingly in India, the agricultural sector itself produces a whopping 80% of methane created in the country; of which 23% is especially from paddy cultivated regions. Almost 65% of Indian farmers have been solely dependent on rice in terms of employment as well as feeding themselves. The rice-centric obsession has ensured that rice gets cultivated even in those regions where it is environmentally not suitable.

It must be brought to notice here that the Indian Council of Agriculture Research, using complex spatially photographed data, had divided the country into 15 agro-climatic zones. The purpose here was to promote only those crops in particular environmentally sustainable regions. But almost nobody cared to follow the zone theory.

One example – much against the environment quotient, rice gets cultivated in the Ganganagar District of Rajasthan ably supported by the Indira Gandhi Canal. The effect – malaria, soil salinity and environmental destruction galore. Such examples are a dime a dozen; India needs to look within, or be doomed without.

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative