'Dam’ those Chinese Three Gorges

China’s Three Gorges dam has been toasted by its planners as the engineering marvel of the 21st century. As the world largest hydroelectric river dam, the project is expected to produce more than 100 billion kw of electricity after its completion; and is simultaneously expected to end the requirements for irrigation in the Yangtze-Kiang river basin region, and even the problems of flooding. This postmodern project has the potential to really help China; but unfortunately, the project has also raised high geological, social and ecological concerns.

Yangtze, according to scientists, adds close to 530 million tonnes of silt to its reservoir. Thus, though the dam might address short-term concerns, in the long run, it might result in the death of the unriver itself. Furthermore, the 600 km long reservoir is likely to inundate close to 1,300 archeological sites and displace up to 1.9 million people.

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Source : IIPM Editorial, 2006

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

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You can run, but...

March 31, 2007, was the date for all Indian banks to implement the globally accepted Basel II norms. But guess what do the Indian regulators do when they realise that very few banks have actually worked towards sticking to this deadline. They simply postpone the deadline, in this case, by two years; how convenient! ...And how pathetic!

The Indian banking system and risk are so finely interwoven that it’s quite an intricate job to detach one from the other. But then, ‘nepotistic flexibility’, which has been the hallmark of our reform process, is not the solution. RBI has to realize that complying with Basel II norms will mean an impervious Tier-I capital base, which will provide stability to banks in an unstable banking environment.

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Source : IIPM Editorial, 2006

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

Read more:-

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• IIPM News
• IIPM : IIPM Links
• IIPM: More about IIPM
• IIPM Alliances - IIPM - by RAVI
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• IIPM: The Indian Institute of Planning and Management-------
• THE INDIAN INSTITUTE OF PLANNING AND MANAGEMENT: IIPM Students ...

Multilateralism is not the panacea to promote global trade

The end-June deadline is prompted by the fear of US Trade Promotion Authority Act, expiring on July 1, 2007. The revolutionary Act allows US President to enter trade negotiations. This is however questionable as Congress finds its role limited in the process – it needs to either reject or approve such treaties within 90 days of signature, without the possibility of amending them. “The fears get accentuated by the realisation that the US is just not in a hurry to revive the sagging WTO – refusing to cut the agricultural subsidies offered to its farm lobby,” says Dr. Paroma Palit of PHDCCI, talking to B&E. And till the time US takes the initiative, other major players like EU, India & Brazil too refuse to relent on issues of reducing industrial tariff s; export subsidies & opening up the service sector.

Despite EU showing great zealousness to rejuvenate the negotiations before mid-April, the prospects don’t look bright. But what if the talks fail to revive; will the world be a loser? Certainly not. Irrespective of WTO dictates, the trade will continue to flourish because it doesn’t need crutches to trot the globe.

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Source : IIPM Editorial, 2006

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

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‘Mark’ our words

The 2004 Lancet studies have reflected that out of every 3 cases of suicide reported every 15 minutes in India, one gets committed by a youth in the age group of 15 to 29. In Pondicherry, for example, every month, at least 15 youths between the age of 15 and 25 commit suicide. Every year, up to 15% of suicide victims are teenagers. And the main reason? Failure in examinations!

With the CBSE (Central Board of Secondary Education) and State Board results just around the corner, the fear of such suicide cases occurring again, if not increasing altogether, is highly omnipresent. Among the hype of marks, ranks, girls outperforming boys et al, many of the ‘failures’ would face unbearable pressure. Some of them might take the most unfortunate decision of ending their lives; some others would enter into a depression state. Creditably, CBSE’s recent introduction of graded assessment could well ensure that students are not denied opportunities and are not over-stressed. That initiative has to be followed and emulated at the earliest by every other examination board of the country. But that seems to be easier said than done. Education was never meant to be a violent contact sport. Sadly, it just seems to be becoming so in India.

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Source : IIPM Editorial, 2006

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