Up above the world so high...

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While S&P has slashed the Italian rating to A+ (which is now the second lowest among the Euro nations after Greece), Fitch’s new rating reads AA- for Italy as against the previous AA. Though Fitch praised Italian government’s “commitment to fiscal responsibility”, the rating agency clarifies, “The downgrade reflects the deterioration in Italy’s public finances, which has seen public debt rise since 2004 and the primary surplus diminish sharply.” Lowering of ratings surely came as a shock to Prodi and a blow to his draft budget that plans to reduce the debt level by 0.5% of the GDP in 2007 through a tax hike and cutting $43.5 billion in government
spending.

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative

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Education and E-Governance

For judges, with love

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The new Bill endeavours to plug all such loopholes that have come up in the past. Commenting on the new Bill, Hasan Anzar, a lawyer says, “This bill will help in softening the rude attitude and behaviour of some judges.” Sounding a cautionary note, Anzar further adds, “It may happen that the executives will get the stronghold in the long run if the Bill is not implemented properly.” While there’s no doubt that the new Bill would bring about accountability in the system, the same can be also misused by politicians or even by individuals for self interest and to malign the image of an impartial and honest judge, restraining the freedom of the courts (probability of which is higher!). This situation may also lead to “heavy price being paid in terms of compromising the judicial independence,” comments Justice R. C. Lahoti.

There have been repeated instances in recent times of clashes between the Judiciary and the Executive, and between the Judiciary and the Legislature. The new judicial accountability Bill must not further trigger the conflict between the three pillars of the modern Indian democracy. Or if that were to happen, the nation state will suffer...!

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative

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...Or be ACC! India’s largest!
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Just amputate it!

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But jokes apart, forget being among the best, can we ever get the respect that even many tiny European nations get, if we do not improve on these counts? What we need today is to replace the perennially corrupt municipalities with professionally managed private entities, without interference from the polity and accountable only to the citizens in the truest sense (and not just by lip service). Unless we reform them and change the very paradigm of our cities, we cannot blame an American next time if he still relates India with snakes, malaria, jungles and black magic. Our cities still remain like that... concrete jungles (instead of jungles) and black magic of money... and rest is delusion.

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative

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Totally Frank!

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Yash Raj films have managed yet another accomplishment by featuring Frank Lampard in their upcoming movie, Jhoom Barabar Jhoom. They tied up with a premier football club of UK – The Chelsea – which happens to be AB Junior’s favourite team in the movie, and otherwise too! Between Abhishek and Lampard, in the movie, are also AB Sr., Preity Zinta, Aishwarya Rai, Lara Dutta... Let’s see who scores the most attention!

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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