“Living a ‘creditable’ life”

For example, the forcible repossession of a vehicle (Citicorp Maruti Finance Ltd. versus Vijayalaxmi case) in 2005, motivated the Delhi Consumer Commission to categorically pass a judgement that “no finance company or bank, having financed a vehicle, has the right to take possession of the vehicle forcibly using muscle-men as a recovery squad.” Another recent instance was the case against ICICI Bank’s CEO K. V. Kamath and seven other officers for the scurrilous ways in which they muscled the life out of Praveen Deshmukh in its quest to repossess a motor vehicle.

At this point, it is natural that one would put a finger on the role of RBI. However, in this context, the RBI has laid down rules as to how lenders (banks and other Financial Institutions) should conduct themselves.

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Source : IIPM Editorial, 2006

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

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Khanduri promises to bring a new culture of dedication & devotion to duty in politics

His tenure as Minister of Road Transport (MoRT) was marked by pathbreaking initiatives such as ‘Pradhan- Mantri Gramin Sadak Yojna’ and ‘Golden Quadrilateral’ projects that provided a fresh lease of life to the crumbling infrastructure of India. His ‘No-Nonsense’ attitude towards work and his dedication to duty has won him admirers across the party line. Being an engineer, he made it a routine to monitor the technical details of the project. His militarized zeal and piercing eyes were enough to put even the good-fornothing bureaucrats on the trot.

Th e effi cacy with which he has performed his job at the Ministry has made him an inspiring public figure. Khanduri has also tended his constituency with great care, initiating several projects for the otherwise neglected Grahwal region.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2006

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

Carry bribes if you’re sick..

Even the private participation for additional beds is not sufficient (even after its 13% annual growth). The Maninder Acharya Committee found that out of the 26 hospitals that it visited, 23 had not admitted a single poor patient. WHO suggests that India has to add 80,000 beds every year to meet its deficiencies. Would India be able to match up to this ask? That’s just a ‘bed’time story...

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2006

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

The automobile sector in India is affected by two critical factors at the micro and short-term level

Even governments have introduced what analysts refer to as quasi-alternative fuels, namely CNG (Compressed Natural Gas) and LPG (Liquefied Petroleum Gas). The Indian government’s allowance to increase the usage of ethanol in petroleum also plays a large part in price control. Bio-fuels are now becoming increasingly popular among motorists in India, and manufacturers are coming up with their popular models. Industry bigwigs like General Motor and Maruti Suzuki are already in the market with their respective models. While launching the CNG-propelled Chevrolet Optra, GM India President and MD Rajiv Chaba said, “GM in India is committed to addressing the needs of consumers nationwide through our growing line up.” Last year, Maruti came up with an LPG actuated version of its modified Wagon R as well. Climbing up into the higher strata of the market, the E-segment dominating DaimlerChrysler is also not out of this future fuel marathon.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2006

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