Wednesday, January 12, 2011

US MILITARY SPENDING: US Defence Champs Unmatched

IIPM BBA MBA Institute: Student Notice Board

Extreme superiority of the US defence over the rest of the world
United States' supremacy as the sole superpower is not without its reasons. According to Center for Arms Control and Non-Proliferation, an adherent and credible US based research organisation, an overwhelming 48 per cent of world's defence spending comes from this one country alone. What is more surprising is that 46 of the highest defence spending nations cannot match the budget of this lone superpower! The base budget of US for 2009 was a staggering $680 billion up from a $607 billion of 2008. Though Obama suggested a curtailment after winning the election, it was actually $16 billion more than what he advocated. But above all, the projection for 2010 is more astonishing. The proposed expenditure includes a $33 billion additional bill to be used in Afghanistan and Iraq war, apart from $216 billion that could also be used, and another $361 billion spending for Department of Defence (DoD), which makes the grand total in 2010 to be an astounding $1.03 trillion. This figure is a sharp escalation from the 2001 budget of $432 billion. The DoD accounted for 19 per cent of total federal budget and 28 per cent of tax revenue, and if we consider the additional amount of non DoD expenditures, the figure turns out to be 25-29 per cent of the federal budget and 38-44 per cent of the tax revenues.

Such colossus figures are way ahead of the rest of the world. The US is followed by Europe (including NATO and non-NATO countries) with 22.43 per cent of the total world military spending, Middle East with 7.03 per cent, Latin America with 3.69 per cent, and sub-Saharan Africa with a meagre 0.77 per cent. US' spending is approximately 5.8 times of China (that spends 5.31 per cent of the global budget), 10.2 times more than Russia, and 98.6 times that of Iran. More interestingly, Stockholm International Peace Research Institute raised another perspective. Even though China and Russia come right after the US in the defence budget, it is Western European nations that are leading the way in arms sales and enjoy a competitive edge in high technology available to them. British giant Aerospace Systems, a state-owned manufacturing enterprise leads the world in arms production, while Russian Ahmaz-Antei is the only non-NATO country's arms manufacturer in top 20. Centre for Arms Control and Non Proliferation's study reveals Gulf Cooperation Council Countries increased their military budget in recent years in response to Iran's nuclear programme, a reality that has threatened even Israel compelling it to step up its defence expenditure.

Despite the recession looming large over the entire world, including the US that is experiencing high level of debt and budget deficits, and despite Obama's centre-left posture along with Democrats' suggestions about reining-in military spending, the government could not do all this in reality because of various pressure groups, especially the arms contractors. Defence spending is relevant but US' gigantic budget is maddening. After all, it is the global cop with a headache for the entire world.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
Award Conferred To Irom Chanu Sharmila By IIPM
IIPM Lucknow – News article in Economic Times and Times of India
Prof Rajita Chaudhuri follow some off-beat trends like organizing make up sessions
IIPM Prof Rajita Chaudhuri's Snaps

Monday, January 10, 2011

INDIA HONOUR KILLING: A real crime!

Prof Rajita Chaudhuri follow some off-beat trends like organizing make up sessions

Supporting honour killings is most shameful

India is clearly burning. From terrorism, internal instability, and the separatist elements' movement to the price rise and much more, the country has more reasons to worry about today than ever before. However, behind all these, the issue that is silently becoming a grave concern is honour killing. It is such a concern not because it kills 100 people every year, but because it shows the primitive mindsets we still carry. During the last few months, incidents of honour killing have grabbed enough space in Indian media. The issue got special attention with the inhuman punishment that one girl Imrana was given. She was set on fire inside her house by her brothers because she was accused of befriending Irfan, before she was finally rescued by neighbours. The most recent case of honour killing that has garnered enough attention concerned the deaths of Monica, her husband Kuldeep and cousin Shobha by her own brother and his friends Mandeep Nagar, Nakul Khari and Ankit Chaudhury. Even on July 5, when the media was busy covering the "Bharat bandh" and its consequences, three cases were reported in a leading English daily. Uttam Kumar and Anju, who met at Safdarjung Hospital and wanted to marry against their families' wishes, were ruthlessly murdered allegedly by Anju's family members. Umesh and Jyoti who got married against their families' permission in Delhi, reported that Jyoti's family has allegedly beaten up Umesh's father and had threatened to kill the couple. Two more teenagers in love were allegedly tortured to death for breaking barriers of religion in Fatehabad district of Haryana.

Although, the issue of honour killings is a big concern globally, especially in the Middle East, Europe and South Asia, it is unique in India. A country with huge diversity in terms of caste, creed, community and religion is bound to experience resistance when it comes to inter-caste or inter-religion marriages. Surprisingly, honour killings are rare in South India, Maharashtra and Gujarat. What is more surprising is that no honour killing has been reported over the last 100 years in West Bengal, perhaps, because of the teachings, hard work and contributions of reformists like Vivekananda, Ramakrishna, Vidyasagar and Raja Ram Mohan Roy. Only northern states of Punjab, Haryana, Delhi, Rajasthan and Bihar and parts of UP witness severe cases of honour killing. Reasons are diverse. Strong community sense of Jat, Gujjar and other communities and insecurity of keeping their race pure and separated is one of them. Poor representation of women at local level and women's negligible engagement in socio-economic development is the other. Religion is another prominent reason behind such brutal killings. Over 100 killings take place every year in India as against over 5,000 globally. Surprisingly, honour killings have increased in educated and rich families indicating that it is not a result of poverty and illiteracy. The increase in the income and migration to metro cities is leading young people to find their partners by themselves rather than going by their parents' choice. This is threatening the social trend that the parents have inherited since years.

India has no specific laws to deal with honour killings. Though the government has promised that it will pass a Bill in the Monsoon Session, little has been undertaken at the policy level to curb this heinous crime. This also needs stronger participation of government and the NGOs. More importantly, the constructive engagement of the community is very much required!

For More IIPM Info, Visit below mentioned IIPM articles.
IIPM BBA MBA Institute: Student Notice Board
Award Conferred To Irom Chanu Sharmila By IIPM
IIPM Lucknow – News article in Economic Times and Times of India
IIPM Prof Rajita Chaudhuri's Snaps

Thursday, January 06, 2011

THE STORM WARRIORS: Kicking up a kung fu storm

IIPM BBA MBA Institute: Student Notice Board

TSI Five-O: Ordinary special effects and tough to follow story arc ruin some good kung fu

If you are one of those who have been fed well on Hollywood SFX and CGI action, 'The Storm Warriors', a follow up to 'The Storm Riders' will not only be underwhelming (let's face it, no one does action as grand as a big ticket Hollywood studio) but also a bit annoying. The film is a well intentioned sequel picking up the story of two warriors Wind and Cloud, who after battling the evil warlord Lord Conquer in the first chapter, this time find themselves up against Lord Godless, a Japanese warlord who wants to invade China. In a time of kung fu and mystical battles, the story traces the adventures of the two warriors.

An adaptation of the comic book series Fung Wan, the problem for the film lies in connecting with the audience with its complicated story (you'll find it a little difficult to follow if you, like me, never heard of the comic books) and the action is not mind blowing enough for you to just watch the film for a visual treat alone.

The Pang brothers (Oxide Pang Chun and his brother Danny Pang direct the movie) are no Wachowski brothers, but they do pack a punch in their action scenes, of which there are plenty. But the mind numbing amount of kung fu laden action will jade you little if you are not quite following the story arc. Unless you happen to have read the Fung Wan series, I suggest you not to get yourself caught up in this storm.