That was a proud moment for me at a time when very few people could do it.

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Erno Rubik, the reclusive inventor of the homonymous cube offers a somewhat philosophical look at the story of the world's greatest puzzle…

On the origins of the Cube…

I was sure it was something very interesting and important in my life but I was not thinking about its commercial potential. For me it was a curious object, a puzzle for solving. However, I was trying to develop it as a product, because if you only have ideas, you can’t share them with other people.

The early challenges…

Everybody said it wouldn’t work, it was much too hard, they said; it didn’t make any nice noises, whatever. There was no market for it, basically. In the end, one company (the Ideal Toy Corporation) was willing to give it a try. They thought we might sell a million Cubes in the first year if we were lucky; as it was we sold five million, and it just took off from there.

And, now there’s the emerging popularity of ‘Speedcubing’…

It’s difficult to predict what will happen with a toy, and for me this aspect of the Cube – the competitions, I mean – wasn’t something that I was thinking about at the beginning at all. Usually a puzzle is a solitary pursuit. You are alone, you have time to work on it; you are not forced by the clock. So for me it is very interesting, this Speedcubing thing. I have solved the Cube. That was a proud moment for me at a time when very few people could do it. Back then my task was to prove that it could be done, because people said it couldn’t. But now these... these wonder-boys can do it much faster. In the 1980s my average time was about one minute. But now, I would have no chance to be a contestant in the Championships (laughs).

The Cube’s international appeal…

One of the main characteristics of the Cube is that it has no national character. It’s about a human being trying to solve his or her problem.

The impact of the Internet…

The Internet makes a difference to everything. It makes a difference to life. Nowadays the Cube has such a wide audience via the Internet. And they’re not just an audience, they’re an interactive community: they are listening, telling and showing what they have done.

A test of intelligence…

I don’t know. It’s very difficult to define. It’s not any one thing. The Cube is a test, sure, but in my view, well, the whole of life is a test.

The Cube’s future…

“If it’s capable of living for almost 30 years, it’s probably capable of living forever.”


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Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).

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I see you clearer, the movements of your body, your hands, so quick, so determined, it's almost a meeting,

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Czech-born German-speaking writer, Franz Kafka (1883- 1924) worked for much of his life as an official in an insurance company. His posthumously published novels express the alienation of the 20th century man. Kafka's nightmares of dehumanisation, bureaucratic labyrinths, and totalitarian society have much in common with the works of George Orwell. His works of fiction were written in his spare time and many of his novels were published after his death. Kafka met Felice Bauer in 1912; for 5 years they pursued a tempestuous love affair.

10th October, 1913,Prague

Dear Frau Milena,

I have never lived among German people, German is my mother-tongue and therefore natural to me, but Czech feels to me far more intimate, which is why your letter dispels many an uncertainty, I see you clearer, the movements of your body, your hands, so quick, so determined, it's almost a meeting, although when I try to raise my eyes to your face, then in the flow of the letter--what a story!--fire breaks out and I see nothing but fire.

I somehow can no longer write of anything but what concerns us, us in the turmoil of the world, just us. Everything else is remote. Wrong! Wrong! But the lips are mumbling and my face lies in your lap.

The most beautiful of your letters are those in which you agree with my "fear" and at the same time try to explain that I don't need to have it. For I too, even though I may sometimes look like a bribed defender of my "fear," probably agree with it deep down in myself, indeed it is part of me and perhaps the best part. And as it is my best, it is also perhaps this alone that you love. For what else worthy of love could be found in me? But this is worthy of love.


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Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).

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Neil Nitin Mukesh, proving to be not just another Johnny-come-lately, in a tête-à-tête with Aakriti Bhardwaj…

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You were paired opposite Bipasha in “Aa Dekhen Zara” and are working with Katrina in “New York”. How was it working with relatively more experienced stars? Did they have any starry tantrums?

Not at all! They are both dear friends and they are both lovely people. Off-screen they are both extremely nice and cordial, and both are very fond of me. That is why I would say the chemistry came easily and very naturally. I think every day of shooting was great. Bipasha is bliss to work with. She is extremely professional and very talented and, I don’t need to say that she is a great co-star. Katrina and I had a fight on the first day of “New York”. It was a very immature first introduction kind of a thing. It was weird but no, after that we became friends instantly. Did you at any time state that you’d only be doing commercial cinema?

(laughs) No... I personally don’t understand what commercial and off-beat means. For me, a film is a film. I don’t think I would have ever stated that, and considering the kind of films I do, I would never say it. “Tera Kya Hoga Johnny” again is an off-beat film...


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

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IMF-supported programmes should focus squarely on solving critical problems

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Financial crisis - The IMF’s Lending Overhaul

Second, for those not qualifying for the new instrument, the Fund’s workhorse lending facility, the Stand-By Arrangement, will be made more flexible along several dimensions. These include permitting high financial access even before a crisis materialises, and allowing disbursements to be more front-loaded.

Third, the amount of lending available from the IMF is being raised substantially. Normal limits on access to IMF resources are being doubled – a development consistent with the growing consensus that the Fund’s lending capacity needs to be at least doubled given the severity of this crisis. This is extremely important, since few things are as fatal to the credibility of a policy package as insufficient financing.

Taken together, these steps address the core problems – the stigma associated in the past with International Monetary Fund’s conditionality, the availability of early pre-crisis financing, and the overall size of rescue packages – that have sometimes diminished the effectiveness of the Fund’s role as a crisis lender. Emerging markets that approach the IMF early on for pre-crisis financing will find shelter from the winds of global deleveraging, which in turn will help contain the spread of the crisis.

The IMF has already moved quickly to help many of our member countries in this time of crisis, including by protecting social spending in order to cushion the impact of the crisis on the most vulnerable. The lending reforms adopted last week will enable us to be even more flexible and responsive in assisting even more countries.

At the same time, these reforms are only a part of a much larger plan for IMF renewal. Still in the pipeline are initiatives to increase concessional lending to low-income countries hit by the crisis, to strengthen the Fund’s surveillance and early warning capacity, and to improve its governance structure in ways that recognise the larger role of emerging-market countries in the world economy.

It is my hope that further action in all these areas will be taken in the coming months. Together, they constitute a turning point in the way the IMF works, and will allow it to serve its global membership even better.


For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).

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IIPM 4Ps Quiz- Shahrukh Khan Video
IIPM - Most Innovative B-School
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IIPM New Delhi, The Indian Institute of Planning and Management, India
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» IIPM ranked No1 B-School in India :: Education, Careers ...
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Deccan Herald - IIPM ranked as top B-School in India
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An Olympian betrayal?

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Why has the Army scrapped its pre-Olympics training scheme for soldiers’ children? The top brass say it has not been yielding results. But the facts speak otherwise, reports Mayank Singh

The Indian Army’s ambitious ‘Mission Olympics – Catch Them Young’ scheme has been scrapped, and quite suddenly morphed into ‘Mission Suppress’. TSI did not even get a chance to confront the officers with the exhaustive research that this magazine has conducted – all of which completely contradicts their dire claims that the scheme did not yield any results. All in all, the impression was inescapable that the Army had something major to hide.

For, everywhere this correspondent went, he was stonewalled, most of the officers clamming up at the very mention of the scrapped mission. And the few who could be persuaded to speak their minds did so strictly on condition of anonymity – some of them alleging that nepotism and financial mismanagement were the factors behind this decision.

Mission Olympics was launched in 2005 after Lt Col Rajyavardhan Singh Rathore won an Olympic silver medal. The idea was to conduct a talent hunt among the children of Army personnel – especially those of jawans – and get the shortlisted candidates to face an expert jury. Shooting, archery and lawn tennis were the three categories in which the children would be trained. Under the scheme the expenses incurred on the selected children’s education, food, lodging, coaching, travel et al would have been borne by the Army.

After the culling of the children – both boys and girls – the jury panel, headed by a brigadier and comprising sports coaches and sports medicine doctors, selected 23 of them. The selection process was extremely tough. In the first stage itself the children were tested in all seven commands, and only those who cleared these were interviewed by the jury in New Delhi.

The programme won wide popularity – especially among the jawans – because it provided their children with an out-of-the-world opportunity to rise in life. For shooting and archery are highly expensive sports. It would never have been possible for any one of them to buy a gun (which costs Rs 1 lakh in the open market) and then pay for the training expenses. In the 12-member shooting team nine were children of soldiers and junior commissioned officers, and it had cost Rs 20 lakh to build the shooting and archery ranges. One coach said the market price of practice sessions is around Rs 10,000 a month.


For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
IIPM 4Ps Quiz- Shahrukh Khan Video
IIPM - Most Innovative B-School
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Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
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The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
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Karnataka beaches - The sun-sand-sea front of Karnataka

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The coastal stretch of 320 kms, squeezed in between the Arabian Sea and Western Ghats in Karnataka, is home to several spectacular beaches and are fantastic budget holiday destinations. All of these beaches were naturally fenced by palm trees, fishermen’s villages and vast paddy fields. Numerous estuaries were formed by criss-crossing rivulets and in between cliffs originated from the Western Ghats. Two wonderful islands inside the sea also welcome tourists with open arms.

From Ullal to Karwar, one can find more than eight virgin beaches. There isn't any sign of commercialisation at any one of these beaches except for Om Beach near Gokarna. Someshwara (Ullal), Surathkal, Malpe, Maravanthe, Someshwara (Byndoor), Murudeshwara, Gokarna and Karwar are the best beaches to be visited here. National Highway 17 runs along the Karnataka coast and goes along all these beaches. A long drive on this road by itself is a refreshing experience.

Someshwara beach near Ullal is pilgrim centre. Someshwara temple is situated on the sea front and a small cliff emerges from the temple complex and touches the sea. One of the famous beach resorts in Dakshina Kannada, Summer Sand Beach Resort, is situated very close to the temple and is an ideal and affordable place for a long vacation. Surathkal is to the north of Mangalore, and for a balmy evening this beach is perfect. Malpe is 6 kms west of Udupi and this is one of the finest beaches in the series. A tour from Malpe to St Mary’s Island is an enthralling experience. If someone wants to stay on Malpe beach front, a few high-end resorts are available. While near Maravan, one can stay at the more affordable Turtle Bay Beach Resort.

In Marvanthe, NH-17 runs along the sea shore. In the centre of this stretch one can see the Kollur river almost touching the highway! So on one side of the road there is the sea shore, and on the other side, the river!

Someshwara is an unexplored beach near Byndoor. Here, the Byndoor river joins the Arabian Sea. There is a temple right on the edge, and at the back a cliff from ‘Ottinane’ (where splendid sunsets can be enjoyed) hangs out toward the sea. On the tip of that cliff, the Forest Department has built a resort. This place is isolated and completely disconnected from the outer world.

Next come the beautiful beaches in North Canara district of Karnataka. Murudeshwar is a perfect pilgrim centre plus a holiday destination. Over here one of the finest beach resorts stands right next to the sea. There is even a cafeteria built inside the sea. From Murudeshwar, one can travel to Netrani Island, a coral Island where a temple is situated. The island is 19 kms away from Murdeshwar. An hour's boat ride takes you to Netrani, and roaming about in that unmanned Island is an unforgettable experience. Om Beach near Gokarna is an extended arm of beaches of Goa, and this is a hot destination for foreigners. There are high end and affordable cottages in this Om-shaped beach. The last in this series of gems is the Kohinoor – Karwar. Watching the sun set here is a heavenly experience. Nobel Laureate Rabindranath Tagore called this beach as one of the finest in the world, and he himself spent a whole evening on this beach!

Satish Chapparike


For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).

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IIPM 4Ps Quiz- Shahrukh Khan Video
IIPM - Most Innovative B-School
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IIPM: History, and Founder Director Dr. M.K. Chaudhuri
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IIPM MBA Institute India
IIPM - International
Business and Economy - India's Most Influential Business and ...
Rankings IIPM, The Indian Institute of Planning and Management India
Management Certification, IIPM India
(IIPM) Management Education Institute India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
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0.44% Inflation, declining headline inflation does not necessarily imply prices coming down.

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…you must be joking! The decline in WPI-led index for inflation is not good news at all for the common consumers, as the numbers are manipulated, says Gyanendra Kumar Kashyap

Breaking News: Inflation is at a historic low! Head to the nearest vegetable vendor and you feel cheated by the news, and perhaps all the more by your very own interpretation of the statistic called inflation. True, the headline inflation numbers have come down ‘drastically’ but has it translated in some respite for the common consumers (aam aadmi – if you so please)? Do a reality check and you will get your answer – a big No! The inflation index – WPI (wholesale price index) – as displayed on your television screen is a flawed measure; it conceals more than what it reveals, like all good statistic. Whether in urban centres or in the rural heartland, at the retail level the current inflation is well over 10 per cent and not 0.44 per cent as the Breaking Newswallahs attempt to put it.

There are three kinds of falsehoods – lies, damn lies and statistics. Statistics on inflation are manufactured at the government factory (read Commerce Ministry), especially when the stakes are high. So, when the government pegs the current inflation as ‘a mere statistic’ at 0.44 per cent (statistically a historic low), one is left to wonder whether even today the Indian audiences are educated enough to see through this lie.

As the WPI touches that so called historic low, thanks to easing fuel prices, falling global commodity prices, policy measures such as a cut in duties and interest rates and most importantly, the high base effect, the disjunct between the two measures of inflation, viz. WPI and CPI (consumer price index) becomes all the more vivid. The low inflation rate, however, has not at all translated into low prices for items consumed by the common man. And here is the catch: declining headline inflation does not necessarily imply prices coming down. It only implies that the rate at which the prices of goods were rising has become slower. So when one hears that inflation is down to 0.44 per cent, what it really implies is that the prices today are higher by 0.44 per cent as compared to the prices on the same day a year ago. That’s a harsh reality many of us would not agree to accept. In fact, the prices will come down only when the inflation numbers turn negative (economists prefer calling it deflation).

According to Harsh Pati Singhania, President, FICCI: “Inflation rate has been coming down over time and these latest numbers are not entirely unexpected. However, the fact that WPI has come down to 0.44 per cent on a year-on-year basis, despite prices of food articles going up by 7.3 per cent on a yoy basis shows that inflation in case of other products has declined significantly. The high base effect also has a role to play in this case, as inflation stood at 7.78 per cent during the corresponding week of the previous year.”


For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
IIPM 4Ps Quiz- Shahrukh Khan Video
IIPM - Most Innovative B-School
IIPM Best B-school
IIPM
IIPM Global B-School
IIPM Alumni Officially on Facebook
IIPM 4ps Quiz
IIPM: History, and Founder Director Dr. M.K. Chaudhuri
IIPM New Delhi, The Indian Institute of Planning and Management, India
IIPM Placements New Delhi, India
IIPM New Delhi India
IIPM MBA Institute India
IIPM - International
Business and Economy - India's Most Influential Business and ...
Rankings IIPM, The Indian Institute of Planning and Management India
Management Certification, IIPM India
(IIPM) Management Education Institute India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs
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