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.

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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.
 

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri's Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM's Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
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IIPM : The B-School with a Human Face

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.
 

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri's Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM's Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links

IIPM : The B-School with a Human Face

A different kind of small car from Bajaj

Now even Bajaj Auto Limited (BAL) is mulling a small car concept. The new car would be an in-house research & development product from Bajaj. However, Bajaj has made it clear that its small car is not planned to give competition to the much-hyped Rs.1 lakh car from the house of Tata. It would rather be a unique product in itself. BAL aims to give a new definition to small cars by its high technology small car. The small car would be more on the lines of a four-wheeled Pulsar by which the company means a value for money product. But it will be a long while before the senior cousin of the Pulsar sends the pulses racing.

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Source: IIPM Editorial, 2006

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

IIPM, Business College Ranking India BBA Institute India, IIPM IIPM - Nikhil Khade Online Welcome to 4Ps Business and Marketing The IIPM Think Tank IIPM New Delhi India Professor Arindam Chaudhuri, Renowned Management Guru & Economist IIPM Info Planning and Entrepreneurship Programme, IIPM New Delhi, India Business And Economy IIPM Placements New Delhi, India IIPM Business Management Institute India