Taking a bit of a nosedive

IIPM PUBLICATION

Air Deccan, Captain Gopinath’s baby that promises to make flying a reality for all Indians, has a spot of bad news, but one that it will recover from very soon, we hope! The Bangalore- based low-cost air carrier has posted a loss of Rs.2.13 billion for the third quarter (ended March 2007), although revenues for the quarter were up 66.34% (to Rs.457.45 crore) over the corresponding quarter, the year before. In the quarter before that, Air Deccan had made a profit of Rs.9.64 crore. Reasons for the loss? High operational costs and oversupply. Fuel prices were also high, and of course , there was also the fact that February and March are weak months in the travel sector. But there’s good news too. Vis-à-vis the corresponding period last year, the carrier improved its load factor to 83% from 71.75%, flew 1.7 million passengers against 1.07 million and operated 350 flights a day against 230 flights. Here’s wishing Air Deccan a quick recovery time!

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Source : IIPM Editorial, 2007

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

Rashmi Bansal Publisher of JAMMAG magazine caught red-handed, for details click on the following links.

• Hindustan Times Article - Publisher goes underground
• Rashmi Bansal (Editor of JAMMAG)
• Rashmi Bansal (Publisher of JAMMAG)

Lanka seeks God

Professor Arindam Chaudhuri (Renowned Management Guru) Initiative

...but then, self-help is the way out
People turn to God as the last resort. And same holds true for the Sri Lankan President, Mahinda Rajapakse, who, having failed to overcome LTTE, has recently looked towards the Pope for help. Two weeks before the visit, the Pope, in his Easter message, had expressed concern over Sri Lanka affairs – an indication that the Pope was willing to intervene in the Lankan peace process. And post meeting, the Pope has appreciated Rajapakse for improving Lanka's Human Rights record.

Both the Sinhalese and Tamil communities have almost an equal share in Sri Lanka's Church (Christians constitute about 8% of the Sri Lankan population). But the point is – does the Church enjoy any leverage in the region to bring about peace? “The Church has a strong presence in Jaffna peninsula. It can definitely play a very powerful role as it has a large number of followers on both sides,” the Sri Lankan Deputy Minister of Foreign Affairs, Hussain Bhaila, told B&E from Colombo. However, Dr. N. Manoharan, a Sri Lankan Affairs expert with IPCS, New Delhi has a different take, "The church cannot really influence the situation on ground." Citing the example of Madhu Church in Mannar district, he further added, "This particular church was known for its neutrality & was used as a pilgrimage site by all communities. But a couple of years back, this church was attacked and its influence as a neutral actor too waned."

Despite claims by both the warring parties to work towards settlement, the peace prospects indeed look dim under the present circumstances. The five-year old Oslo peace process lies in shambles. The cease-fire agreement exists only on paper. Interventions by India, Japan, Norway and many others have failed to bring about desired change. Now, to expect the Pope for a miracle, is like asking for a bit too much. The two-decade-old dispute between the government and Tamil-tigers can only be resolved through well-meaning negotiations and winning the support of the people on both sides. The Pope can't do much here...

Edit bureau: Vivek Asri

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Source : IIPM Editorial, 2007

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Rashmi Bansal Publisher of JAMMAG magazine caught red-handed, for details click on the following links.

• Hindustan Times Article - Publisher goes underground
• Rashmi Bansal (Editor of JAMMAG)
• Rashmi Bansal (Publisher of JAMMAG)

The giants have finally woken up! Er... At least they have!

IIPM BEST MBA INSTITUTE

Here’s a no-brainer – guess what was the most important criterion for making it to the list of America’s ‘Hundred Best Corporate Citizens’? Environment protection, of course! Corporate bigwigs are waking up to the significance of measures to ensure that their CSR actually has environmental relevance. PepsiCo recently announced that it will purchase enough ‘Green-e certified’ renewable energy certificates (RECs). IBM received an award from the WWF and the Center for Energy & Climate Solutions in 2005 for being the first company to meet its program commitment (it actually exceeded the goal of achieving an average annual CO2 by 1.7% since 1998). AMD, Intel & Xerox (amongst many others) are also working together to develop guidelines and monitoring procedures to address various global socio-environmental issues.

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Source : IIPM Editorial, 2007

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

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Rashmi Bansal Publisher of JAMMAG magazine caught red-handed, for details click on the following links.

• Hindustan Times Article - Publisher goes underground
• Rashmi Bansal (Editor of JAMMAG)
• Rashmi Bansal (Publisher of JAMMAG)