Friday, October 12, 2012

Let’s ‘EVA’ government projects

Priority should be given to smaller projects and projects-on-hold

In order to improve the quality of life in rural as well as urban India, the government has allocated an additional sum of Rs.4,000 crore and Rs.1,000 crore for Pradhan Mantri Gram Sadak Yojana (PMGSY) and The Jawaharlal Nehru National Urban Renewal Mission (JNNURM) respectively. Similar increases can be also seen in the allocation for almost all flagship programs of the UPA like the Accelerated Rural Water Supply (ARWS) & Sarva Siksha Abhiyan (SSA).

But given the historical trend in the utilisation and ground reality when it comes to budgetary allocation, the question is, would the allocation this time be able to address oft experienced multi-dimensional problems? Ironically, these allocations will actually increase India’s parallel economy and the bank balances of middle-men and contractors.


Source : IIPM Editorial, 2012.

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The apple of your boss’s eye

If you’re not the apple of your boss’s eye, don’t sulk! Ask the right questions, of yourself!

Just because you haven’t been told, doesn’t imply there’s no problem. Being less friendly could be his way of expressing disapproval. Talk it out and be open to criticism. Figure out the traits he really values. It could be these traits, in someone else, which make you call him unfair and biased… If this doesn’t help, you need to re-look at your work. If you like what you do and such preferential behaviour doesn’t affect your job potential, then putting up with such a boss by merely overlooking isn’t that bad an idea. Charging your boss with it would only lead to tension at work.

Managing your work is definitely a stated objective, but managing your boss is a primary unstated favour that you owe to yourself. So, if he’s low on EI, you might as well think a little on his behalf. Since he would rarely realise the impact of his decisions on your life, you may set the limit by making him realise it the next time he throws work at you when the day is about to get over! And, if your work is awaiting his approval, you may give him direction and structure, instead of silently getting angry at him.

By virtue of becoming a boss, a person comes under scrutiny, even when it’s not due. Maybe it is time to act and not judge him, for it’s likely that you may not be doing your ‘job’ i.e. thinking for him.


Source : IIPM Editorial, 2012. An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

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Wednesday, October 10, 2012

When money IS object!

He is the finance whiz kid at Tata Steel, and considering the troubles that the company is facing in that area, Chatterjee seems the obvious choice

Finance is the bone of contention for any company at the moment, more so for a company like Tata Steel, which catapulted itself to the rank of the world’s fifth largest steel maker with the historic $12.1 billion Tata-Corus deal. But the new entity has off-late run into a lot of financial problems in the wake of the unprecedented downturn in the steel sector. Add to that the payback of $6 billion loan taken for the deal, which has increased the financial risk profile of the company. Thus, with Muthuraman ready to hang his boots, the need of the hour is arguably a man, who should have it in him to efficiently manage the financial profile of the steel giant. Koushik Chatterjee, the Group Chief Financial Officer (CFO), bestowed with the overall responsibilities for group financial reporting, Investor Relations, financing strategy inclusive of debt and equity raising, corporate M&A, risk management & compliance, taxation strategy & planning and co-ordination of statutory and management reporting might just prove to be the right candidate for the job. Chatterjee has been the calculating brain behind the acquisition of the Anglo-Dutch steel-maker.

Chatterjee has been associated with Tata Steel since 1995. “The succession planning at this level is the prerogative of the Board of Directors. We are sure that the Board will make the necessary announcements at the appropriate time,” states B. Muthuraman, CEO, Tata Steel to B&E. Being a core member of the company’s Board of Directors, Chatterjee with his financial expertise can definitely prove to be a safe bet to hand over the baton. He has also gained significant overseas exposure by working with Tata Steel UK, NatSteel Asia Private Limited, Tata Steel (Thailand) Public Company Limited, Southern Steel Berhad, Malaysia et al.


Source : IIPM Editorial, 2012.

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Tuesday, October 9, 2012

Where’ve all the tomboys gone?

Girls of today don’t wanna play ball no more... Here’s all the dope!

I remember when I was in school, full-length pants reaching up to the ankles, collared t-shirts and caps were my thing, more than those frilly pink dresses and dolls. Although most of my girl friends crinkled their nose at the mention of boys and sports, few of us had the least qualms in picking up the bat or gearing up for a bicycle race with them. Least bothered about the kind of demeanour a girl should display, I must admit, I kind of relished the title of ‘tomboy’ bestowed upon me in school.

Today, when I look at school going kids, the involvement in outdoor sports and games seems to have been substituted with discussions of flames and crushes. So more than the ‘Look, we are better’ competition that once shaped boy-girl interaction, it has now been replaced with ‘Better look at me!’ And which is why I don’t see much of my kind of childhood days in the kids of the present generation. When asked about this observation of Mrs. Rose, a school teacher, she said, “Times are very different from what it was 5-7 years ago. Back then, I could easily spot about 7-8 girls from a class of 40 who were tomboys. They would want to stay abreast with all the activities that boys were involved in, they would want to dress up like them, with their ties hanging loose, socks rolled down and the sleeves of the shirts rolled up on the arm.” Mrs. Rose has now observed the number of girls with that tomboy attitude diminishing. “These days, girls are extremely conscious of their sexuality from a very young age, and are also very aware of the attraction factor between boys and girls. That’s why they are more involved in girl activities like dressing up and consciously behaving like the way girls are supposed to. I’ve noticed that now-a-days girls talk about boys, fashion and accessories from a very young age, which was not the case a few years ago,” she said. The change in lifestyle patterns is also influenced by the media to a large extent. Previously, it was more of a competition to stand up together with the boys which probably brought in the idea of being like them. Reena Pandey, a mother of two daughters has much to add to that.


Source : IIPM Editorial, 2012.

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In India – Who will get up to take the call?

Nilekani describes in his treatise that despite good intentions and astonishing idealism, our early socialist policies stifled growth and weakened our democracy. India’s large and overwhelmingly young population has now become our greatest strength; information technology is revolutionising not just business but also governance in the everyday life of a vast majority of Indians; rapid urbanisation is transforming both our society and our politics. Nilekani talks about how the ability of Indian innovation to create high quality, high volume, and low-cost solutions is unique.

It can actually be seen in our mobile phone industry; we are seeing that in education now. Because necessity is the mother of invention, when you still want to build a business model, the only way to do it is by creating.

Apart from handling other responsibilities, Nilekani is also the President of the National Council of applied Economic Research, a member of the National Knowledge Commission and the review committee of the Jawaharlal Nehru National Advisory Group on e-Governance, and he is also the Chairman of the Government of India’s IT Task Force for Power. He was awarded one of India’s highest civilian honours, the Padma Bhushan, in 2006. Nilekani is firmly of the view that the approach to be applied to India’s various problems has to be updated into a far more wide-ranging mix of fresh, new policy ideas. Only then will our country be in a position to address the gritty, real-life concerns of its billion-plus citizens.

The famous statesman Minocher Rustom Masani or Minoo Masani, as everyone from his friends to his voters knew him, was among India’s first truly liberal thinkers, and a deeply underrated statesman. His writings on India started out as optimistic, but later he despaired of the direction the country was headed both politically and economically. He wrote, ‘If India is to saved, it will have to be saved by the small man’.


Source : IIPM Editorial, 2012.

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