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Friday, November 24, 2006

Italy must offload its soaring debt burden to improve its credit ratings

IIPM PUBLICATION
While hanging in the parliament with just a single vote majority, the Italian Prime Minister Romano Prodi mustn’t have expected in his wildest dreams that the international ratings agencies will add to his woes. But for unfortunate Prodi, it did happen. World’s two most renowned credit rating agencies – Standard & Poor’s (S&P) and Fitch – on October 19 declared of cutting down Italy’s credit ratings, citing the country’s insufficient measures to control debts and deficits as prime reason. And the result is anything but welcomed, as the Italian interest cost is bound to soar further from current 107% of GDP.

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

Friday, November 10, 2006

Judges (Inquiry) Bill is welcome, but it needs careful implementation

IIPM BEST B-SCHOOL
Justice Ram sacked! Justice Sham cashiered! Newspapers might be filled with many such stories if the Parliament approves the Judges (Inquiry) Bill. The bill is likely to be tabled in the ensuing winter session of the Parliament, beginning November. A bold move aimed at cleansing the deep-rooted malaise afflicting the judicial system and making the judges accountable for their act. A move likely to cause a Tsunami in the portals of Indian judiciary with heads rolling here and there. As the law minister rightly points out, “For the last few years, there have been far too many accusations against the judiciary.”

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

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Wednesday, November 08, 2006

Sick municipalities should go

IIPM PUBLICATION
59 years of the so-called free rule, reveries of a United Nation Security Council Seat notwithstanding, India still remains one of the most exclusive nations of the world, which can be overwhelmed by a couple of days’ deluge (read Mumbai) or by something as trifling as dengue (read New Delhi). Add to this the potholed roads and filth all around, thanks to the world-class institutions of city administration that we have created in the form of MCD (Municipal Corporation of Delhi) and the Municipal Corporation f Greater Mumbai. Their excellence in callousness, and sheer inept non-performance have created such benchmarks that they can easily inspire management workshops on ‘Keep failing, keep smiling’.

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

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Thursday, November 02, 2006

Keira’s out of touch!

IIPM BEST B-SCHOOL
Voted as the greatest starlet ever, success seems to be eating into Keira Knightley! The Pirates of the Caribbean star, set to star in The Best Times of Our Lives – a movie by playwright mom Sharman Macdonald – seems to vanishing in thin air by the day! Keira, rake-thin is no longer in (or on) vogue...

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

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