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Apartheid is still openly practised and preached in South Africa...

A partheid has been officially over, more than one and a half decade back, but in essence, racism is still rampantly practised. For all the big talks about the efficacy of democracy and how it has brought about a paradigm shift , in reality, things still remain as they were.

The gruesome murder of John Rampuru in August 2000, who was ruthlessly dragged behind the pick up van of his white boss till death, amply vindicates that apartheid is not just present but is violent too. No wonder John Rampuru was just a one-off example of thousands of such incidents that take place every year over there. In another incident, a black teenage girl was covered in white paint by white shop staff who accused her of theft. Shockingly, law keepers do not even consider these cases as racist. Yet on the contrary, South African human rights groups believe that most of the murders (24,000) and attempt to murders (28,000) are racist in nature.

Several reports clearly state that there has always been a history of unequal distribution of wealth in South Africa, where the white minority holds more than 90% of the land. Moreover, the socio-economic status of black people makes them venerable to infections like TB and HIV/AIDS. These blacks live in destitute settlements and more likely to be poor and unemployed. On the employment front, even if black and whites are given the same job titles, the job responsibility and job profile are not same and equal. Studies show that in 2002, the median net worth of coloured households was $7,932 and that of whites was $88,651. South Africa today is the wealthiest country in Africa, and the credit for its modernity, industry and wealth goes to the inevitable sweat of the blacks as much the innovation of the whites. The construction of a true democracy could be framed only by the social cleansing and resurgence as tolerant and accommodative society.

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Source : IIPM Editorial, 2007

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

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IIPM going global
On "IIPM - Arindam Chaudhuri - Planman"
IIPM Alliances
Warming up for doomsday?
If you have it, flaunt it
IIPM RANKED AHEAD OF FIVE OF THE IIMS
The Business of B-School Rankings & The Big Farce
A beach resort… Come for a month, at least
IIPM ABOUT :- IIPM KNOWLEDGE CENTER
Money for nothing...
Topic: India – China: A Growth Comparison
Who says US is on the brink of a recession?...
Thanda karta sabko ek
IIPM Infrastructure : Campus
HRIC :- Human Resource Intelligence Cell

Suisse’s Enron suit: To pay $61.5 million

On "IIPM - Arindam Chaudhuri - Planman"

Enron Creditors Recovery Corp., (formerly known as Enron Corp.), intimated that Credit Suisse has finally agreed to pay $61.5 million to resolve a lawsuit over the bankruptcy of the former energy trading giant. Enron, entered bankruptcy proceedings in December 2001 after its accounting tricks could no longer hide the billions in debt or make failing ventures appear profitable. This payment will clear all insolvency procedures between the energy major and Credit Suisse. However, Credit Suisse denied of any liability standing to its credit, which is only subject to the approval of the U.S. Bankruptcy Court for the Southern District of New York. John J. Ray III, Enron’s Chairman expressed satisfaction over the arrangement and hopes to resolve the remaining equity transaction cases.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

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

For More IIPM Article, Visit Below....
IIPM going global
IIPM Alliances
Warming up for doomsday?
If you have it, flaunt it
IIPM RANKED AHEAD OF FIVE OF THE IIMS
A beach resort… Come for a month, at least
IIPM ABOUT :- IIPM KNOWLEDGE CENTER
Money for nothing...
Topic: India – China: A Growth Comparison
Who says US is on the brink of a recession?...
Thanda karta sabko ek
IIPM Infrastructure : Campus

Droughts Down under

IIPM BEST B-SCHOOL

The threat of global warming is creeping in faster than one can imagine. Rainfall patterns have changed with global temperatures increasing consistently over the last 50 years. The Prime Minister of Australia, John Howard had publicly expressed concern over the anomalous drought situation which has dried up her rich food and crop cultivation areas. The drought that has been on for the past 6 years has sucked dry, once existing water resources. With its warm clime, Australia’s flatlands are more susceptible to global warming. Professor of Natural Resources Science at Adelaide University, Wayne Meyer says, “We are the ones that are going to be at the forefront because we’re less buffered”. The cultivation of fruit products saw an enormous hit due to the drought, pushing up prices. If measures of conserving water resources are not set and followed, the brunt would be borne by the generation very next to this one. Without serious thought and implementation of a sound system of allocation and use of water resources, the drought will not only continue but spread further as well . . .

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Source : IIPM Editorial, 2007

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

No rain, no gain?

IIPM PUBLICATION

Will the real insurer please stand up?
Does anyone care if it rains in the first week of June or the third? Obviously, millions of Indian farmers do. As weather conditions become more unpredictable, the chances of not repaying the loan by a farmer are also becoming more evident. And now, most disappointing statistics from the government reveal that while 65% of Indian agriculture is dependent on natural factors, particularly rainfall, any discrepancy in rainfall accounts for over 50% of variability in crop yields. Then there are the most inane insurance schemes set up under the aegis of National Agricultural Insurance Schemes for farmers’ future.

The present schemes illogically settle claims based on actual area yield. Worse, the settlement process is generally delayed, in some cases up to 6-12 months from the occurrence of the event, till which time the farmer is bankrupt many times over. Besides, only notified crops, not all, are eligible for the above crop insurance schemes. Wonder why it’s no wonder that the number of farmer suicides is increasing!

Fortunately, the government has taken a whisper of a logical step in this year’s budget by announcing a comprehensive insurance scheme, the compensation of which will be based on weather derivatives, rather than on making tedious calculations of crop damage. But aren’t derivatives extremely miniscule currently? M. Parshad, CMD of Agricultural Insurance Company, which has been asked to carry out the scheme on a pilot basis in few states, accepted to B&E, “At the moment, weather derivatives take up only a very small fraction of the rural insurance market, but since weather derivative contracts are easier and much faster to settle, we expect it to change.”

Whatever it is, it’s a great start. But the government should now focus on making such schemes compulsorily linked to all crop loans and to attach maximum number of farmers, and even other firms whose fortunes depend on weather, to it. Really, why can’t the thumb rule for Indian farmers one day change from ‘No Rain, No Gain’ to ‘No Rain, No Pain’

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Source : IIPM Editorial, 2007

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

Profit motive prevents Bush from caring for the Nature

IIPM BEST B-SCHOOL

For Bush, oil means profits & politics. His politics is to build finance capital & his profits are to buy political capital. And he just hates all impediments like environmental concerns, which come in between his profit-maximising march. Emboldened after defeating one of the top American environmentalists Al Gore at the hustings, Bush has been ruthless in pursuing his not-so-green policies with impunity, & sadly with aplomb. On the important issue of environment, the radicalism portrayed by the Bush led Republicans has been mind boggling. Be it the refusal to accede to the Kyoto Protocol or the refusal to obey any international treaty that would reduce American economic growth projections, Bush’s misadventures know no limits. Former Vice President Al Gore told B&E, “The unwillingness to solve the climate problem is not only the result of a lack of political will, but it has also been caused by the emergence of a new political environment, dangerously hostile to reason, knowledge and facts. In the long-term, this poses a threat to the very basis of American democracy.”

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Source : IIPM Editorial, 2007

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