The Social Entrepreneur

Furthering this agenda is a dedicated team of 1,500 people. Mr. Gupta opines the biggest problem is to bring a sense of belongingness. He cites an example: if your kin wakes you up at 3 o’ clock in the night for a medicine, you would go and get it. Next day, if your boss calls you up and says it is an urgent call then you think why has he called me, am I the only person left. In the second case, the person does not have that sense of belongingness. This sense comes if an organisation is sincere with its employees. For this, “promise only what you can deliver,” is the mantra. At Kent, Mr. Gupta treats employees like a family. “Create a cascading effect of belongingness and you create a team of belongingness. This way the culture of an organisation is created,” he adds.

So how much does the engineer in him enjoys being an entrepreneur, ask him and he says, “I have created something and I am happy that people are enjoying it.” There is a difference between a professional and an owner, he says and adds that when he decided to quit IOCL his management asked him why he wanted to leave. His reply was “I have to create something.” He says all entrepreneurs are created from this urge of creativity. “Entrepreneurs who come just for creating money, are all gamblers.” True entrepreneurs come with a sense of social responsibility, he affirms and highlights that Kent is doing a lot as part of CSR activities. “I believe in the values of art of living and we promote a number of activities under this banner, for example providing clean drinking water to villagers. We have set up a plant in Kanpur and others are being planned.” Click here to read more....

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Demystifying The Corporate Trends

very organisation wants the best talent on-board, but how many of them actually succeed? Seminar Series in association with Human Factor Club organised ‘Talent Acquisition: The Art and Science of Getting the Right People’ in Bengaluru on May 14 to answer such questions.

The students of IIPM-Bangalore took the initiative to bridge the gap between the academic and the corporate world. In search of corporate excellence, the seminar’s aim was to demystify the trends in India Inc., which have even led conservative business houses to take note of the new phenomenon.

Prabhash Nirbhay (Regional Head – TA, Sabmiller), Vinod K (AGM – HR, Havells), Aji Arjun (TA – Director, Yahoo), Richa Dubey (Director – HR, Praxair), Deepa (TA – Head, ING Vysya) were some of the speakers at the HR conclave. Mr. Nirbhay said, “Panch-tatva or 5-Pillars of talent management for Sabmiller are talent acquisition,psychometric assessment, career development, talent engagement and talent optimisation. TA does not end with an offer letter, it begins with an offer letter.” Click here to read more...

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She Writes Story Contest winner: Yishey Doma

Yishey Doma is one of twelve winners of the MSN-Random House She Writes a Story Contest', as chosen by our judges. Her story 'Mantras of Love' features in the 'She Writes: A collection of Short Stories' published by Random House India and available at all leading bookstores.

A journalist and a poet, Yishey Doma was born in Martam in the east district of Sikkim. Her published works include the highly acclaimed coffee table book Sikkim: The Hidden Fruitful Valley and other books like Legends of the Lepchas: Folktales from Sikkim and Sikkim: A Traveller's Companion. Her work has also been anthologized in Strangers Notes and Other Essays. She is a recipient of the first North-East Poetry Award (Guwahati, 2007) from the Poetry Society of India. Yishey lives in Gangtok and works as a copy editor for the Sikkim Express.

read an extract from yishey doma 's story 'mantras of love'

Twenty-four years later when I returned to the monastery, it greeted me with a rainbow, concealing the gaping holes left behind by the cruel tenth December earthquake that had brought the little hill town to a standstill. But two things came to view instantly. The monastery had partially collapsed. And I had become old and frail.

Below the monastery, the emerald Teesta had vanished, despite the fact that it was July and raining. At yonder hill-the source of the river-a dam had been built in exchange for the 1500 megawatts of energy needed to light up the region. It had sucked all the water in. The caves where I offered my daily prayers had been blasted out and the stupas now seemed to mingle with the soil. My friends, a posse of yakherds, had already migrated to another village as a thousand calves, I was told, died prematurely, baffled by the sudden change. The monks too had fled. Only the cracked walls of the sanctum sanctorum and the leaking roof sheltering the deities in meditation remained. Spiders covered the sacred scriptures in cobwebs, worms wriggled about the brocades that adorned the masked gods, while clarinets and cymbals choked in dust and rust.

Once it had the power to kindle love. To change lives. My life. My man's life. Forever. Age has eaten into the alarm clock. A steady swish of tropical downpour wakes me up. Still half asleep, I reluctantly get into my trousers, carefully concealed by a flowing silk dress in order to maintain monastic etiquette, and walk out into the rains to a monastery in Dewachen, this time to witness its biggest summer festival. Within minutes, little frogs take charge of the dawn, cicadas tune up, and crickets are already in full cry. On the way, a cherry tree acknowledges me as its branches, bowed down by the heavy rain, suddenly rise and fling pellets of water on my face.

Atop a hill where the monastery stands, monks, decked up in colourful silk gowns with long broad sleeves, wait for the wind to chase away the clouds that has been blocking the humongous peaks of the Khangchendzonga. Two novice monks, dressed up in the style of jesters donning funnily contorted masks-one male and the other female-are engaged in crowd control that keeps swelling by the day. I am the first outsider to greet the jesters-Phuchung and his friend Utpal-before they conceal their Buddhist tenets behind the masks.

in her own words: yishey doma

Have you always been a writer? What made you start writing?
My day starts and ends with writing or reading. I wake up at five and read translations from Buddhist texts and at times dabble in poetry. I read a lot during daytime. Evenings are all journalistic stuff (since I work for a local daily). This - I've been doing ever since I passed out my high school and today if I skip any of these I find myself like a fish out of water.

Pain, a sense of loss at a young age, I would say, gave birth to my poetry. Pen was the last resort I could hold on then.

The peaceful environment where I grew up to some extent also inspired me to take up writing. For example the colours of the dawn and dusk, birds feeding on fruit trees, the shrill cry of cicadas in the afternoon sun, and the cry of the foxes in the monsoon rain....were enough to keep my pen dancing.

What inspired you to enter She Writes?
Of course, the big names - Random House and MSN. Moreover, I had a story to tell and the category fitted well.

Why did you choose the category you did?
As I said earlier, there was this story lurking inside me for quite a long. At the same time I wasn't too sure that the idea of a self-styled nun falling in love with a foreigner in a monastery would generate any interest. The contest came as sheer coincidence and the category 'the man in my life' fitted well. I changed a bit of the storyline and it worked.

Do you have a writing routine - e.g. do you have favourite places to write/favourite times of day/do you write longhand or on a computer?
Whether it is a news report, feature or petition letters for my neighbours, I have to... my profession demands. But it will be a short poem that I feel happy with. I write on a computer in my room-cum-shrine room - my power place that too in the morning hours after a night's good sleep. Strange as it may sound but I cannot write poems on a computer. I have to have the right pen and pieces of paper or a thin notebook.

Who is your favourite author?
There are many. I grew up reading Charles Dickens, PG Wodehouse and Ruskin Bond, still my favourites. I love Michael Ondaatje for championing simplicity and transparency in his poems. I read and like a lot of Indian authors - Khushwant Singh (especially for Delhi, a novel, and Train to Pakistan), Tabish Khair, Amitav Ghosh and Rohinton Mistry.

Which book has inspired you the most?
It is John Steinbeck's 'The Grapes of Wrath'. What makes this American novel set during the great depression in the 1930s in Oklahoma so powerful is the way it is written - the feel of the time, the story of struggle against despair and moments of hope - interspersed with poetic chapters - all perfectly captured. In fact, I was drowned in each sentence Steinbeck spoke. It still continues to inspire me. I don't think I have read anybody who has reached that level of genius.

Which key piece of advice would you give to any other budding writer?
Remove your TV and make space for a bookshelf. Just like your body require water, read and feed your mind and be healthy and rich. And if you think you have a story to tell, start writing. Do not procrastinate.

Taking Stock of The Situation

ASSOCHAM organised the National Banking Conclave in New Delhi on June 17. The one-day event focussed on the ‘Challenges and Opportunities in a Trillion Dollar Economy’. Top executives of leading public sector banks and high-ranking officials of government departments and other financial institutions were present. It was held at Shangri-La’s Eros Hotel, and Finance Minister Pranab Mukherjee was the Chief Guest.

The event aimed at taking stock of India’s position in the wake of becoming a trillion-dollar economy, and evaluating the measures it needs to take in order to consolidate its position. It also took stock of threats that India could face.

Mr. Dilip Modi, President of ASSOCHAM and MD, Spice Group, delivered the welcome address, and said that there has been a change in global financial dynamics. Unfortunately, there is a very low penetration of financial services in India, wherein lies a huge opportunity for banks and financial institutions.

The Finance Minister expressed confidence that India is in a position where it can sustain high economic growth and development in the coming years despite the problems it is up against. He informed that economies around the world are still coming up with policies to better manage globalisation and serve the collective well-being of people. He said that these measures need to be sustained and pursued to their logical end so that they bear the desired fruit.Read More

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Gas them all, we say!

The lethargy to move to alternative fuel seems almost insane...

In Japan, while Honda rolled out its first hydrogen powered car, another Japanese company, Genepax, has gone one step ahead in making a prototype which runs on water by extracting the hydrogen for fuelling the engine. This should be seen in the background that hell-raisers (economists, if we may) now claim that the price of oil could even touch $200 per barrel in months to come. And though it might be too early to prefigure the shape of things, one thing is for sure, that the short journey to a new world where the need to plead and live with a prayer for oil price to come down, has already begun.

Yet, the real question is whether the energy problem is really so grave or is it simply a result of inertia of developing countries to strive for alternatives. And especially so in developing economies like, say, India. A report by the Global Environment Facility of the UNDP on India’s Coal Bed Methane (CBM) extraction potential states, “It is estimated that in India, the largest coal producer in the world, there are around 20,000 sq km of area where CBM capture could be carried out and that the country’s recoverable reserves of methane are 800 billion cubic metres, with a gas production potential of 105 million cubic metres a day over 20 years.” Compare this with Saudi Arabia’s daily production of oil which stands at 9.5 million barrel per day.

Read more......

Source : IIPM Editorial, 2012.

An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

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When PIGS Come Out in The Open

Ireland’s Rescue has Failed to Stem off Market Tensions from Euro Zone. B&E talks to Experts, Including the European Central Bank, to Analyse who will be the next Victim of Sovereign Debt Crisis.

If you thought that the recent agreement to provide Ireland with $114 billion to deal with its banking and fiscal problems was the European Union’s (EU) last in the series of bailouts, which started with Greece ($147 billion bailout in May 2010), then you have definitely failed to estimate the fury of the financial storm engulfing Europe. In fact, considering the continously deteriorating strengths of the fiscal and banking systems in nations like Spain, Portugal, Italy, et al, several economists believe that the tornado doesn’t end here. If not, then whose is next?

Though Eszter Miltenyi, Sr. Press Officer at European Central Bank (ECB) finds an excuse to get away from revealing that big name by telling B&E that, “I am afraid we won’t be able to answer this question,” there are still many who are bold enough to speak the truth. Enam Ahmed, the London-based Sr. Economist at the Moody’s Analytics, tells B&E, “The contagion from the fiscal problems of Greece & Ireland is spreading beyond Portugal & Spain, which are clearly next on the market hit list to receive EU-IMF help.”

And why not? The signals sent by Portugal and Spain are almost similar to the ones propelled by Greece and Ireland just before the financial storm hit their shores. Like its distressed Euro-partners, they both have a fragile public finance. In fact, Portugal’s budget deficit is already around 9.3% (in 2009), which is an astonishing 6.3% higher than the standards set by EU. Even the country’s foreign liabilities are close to 108% of its GDP ($225.35 billion), much higher when compared with Greece whose foreign liabilities stood at 87% of GDP ($264.82 billion) at the time of the collapse. Ten-year government bond yields are too hovering just below 7%, a level that Portuguese policymakers too accept as unsustainable.

Considering this, the European Commission’s report on the 2010 fiscal deficits of the EU member states, which is due to be published in January 2011, will be closely followed by investors. If Portugal fails to meet its target to bring down its fiscal deficit to 7.3% of GDP in 2010 the interest rates will shoot up further complicating things for Portuguese policymakers. Though, the economy has a $13.5 billion financing requirement in April 2011, it could be forced to go to the EU-IMF before then. If it happens, a minimum of $67 billion bailout package would be needed to save the nation from defaulting on its debt. Even CMA DataVision, a UK-based research firm that tracks the riskiness of sovereign debt, rates Portugal’s performance during Q3 2010 to be the second-worst in the world after Ireland. As per it, the spread between the starting price of swaps in July 2010 and the end price in September 2010 has widened to 30.4%.

Read more.....

Source : IIPM Editorial, 2012.

An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
 

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THE GRAND OBAMA BEGGING GAME!

Barack Obama came, he spoke and he conquered. At least that’s what some of the biggest media houses would have you believe. Nothing could be more misleading for the Indian public. Here are the reasons why the trip was only of feel-good value, that too for dumb people.

1. Obama had a clear-cut mandate. And that mandate was to show Americans that he was taking back jobs for them. He took away business worth $10 billion and 50,000 jobs. These $10 billion could have been used in India to create 200 times more jobs, because for every American job we create in America, we can roughly create about 200 jobs in rural India. It was a classic game of begging that the new America is now seen playing in India and China. With India, it’s about access to its markets and deals with the government. And with China, it’s about the revaluation of the Chinese currency to reduce their foreign debt and make Chinese products uncompetitive in American markets! I would even say that it was indeed sad to see such a weak American President for the first time in history. An American President is expected to speak like a great statesman – whether he speaks to businessmen or to the Parliament. He is expected to talk about America’s role in global peacekeeping and poverty eradication, the latter more so since India has 65% of people below the globally defined poverty line of people earning less than $2 a day. It was a shame that his talks never touched upon any of it.

2. He did speak of the need for Pakistan to bring 26/11 criminals to justice... But that is purely lip service. He never spoke of access to Headley. Just before coming to India, he doled out $2.2 billion military aid to Pakistan. Talking about Pakistan supporting terrorism, yet giving them money to spread terrorism in India; both cannot go hand in hand. It’s typical American double speak. He did not utter a word about stopping aid to Pakistan. He only used cleverly worded stuff about Pakistan to gain brownie points in India without giving away anything.

3. He did not utter a word about China and its role in supporting Pakistan or its illegal occupation of Indian land. But a few months back, he did speak about the need for China to be the guardian of South Asia, including Kashmir.

4. It was really nice of Obama to be so appreciative of Gandhi. But as Americans prepare for a war on Iran – less for security issues and more to revive their economy – I doubt if Gandhi is what he really believes in... Loving Gandhi and bombing countries for financial gains don’t go hand in hand. As a person, I am very sure that he appreciates Gandhi, but as a world leader, he does not display the same in his actions. Signing a memorandum allowing poor African countries to use children for war certainly doesn’t speak greatly for a Gandhian.

5. The big Obama announcement is supposed to have been about his support to India for a permanent seat in the United Nations Security Council. It might be noted that what he said has been said in the exact words by Bush before him and Clinton before that. It’s a shame that as a nation, we get so excited by such lip service. We deserve to be in the Security Council, and without us the Security Council is a sham. Obama’s mentioning the same is not a favour. And there is absolutely no reason to be excited about it. A permanent seat is our due and it is the Security Council’s job to call us and give us this due with appropriate apologies for the delay. And we should then proceed to rip them apart for the delay.

Read more.....

Source : IIPM Editorial, 2012.

An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
 

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