The Great Debate (India)

from The Great Debate UK:

Vikas Pota on ten business icons in India

VikasAmid jitters about uncertainty in the financial markets over the past 16 months, many investors have continued to look toward the BRIC countries -- Brazil, Russia, India and China, which by 2050 are expected to be wealthier than most current major economic powers.

In all four countries, GDP has more than doubled since 1998, and in China and India it has trebled.

The Confederation of Indian Industry, a non-profit non-governmental, industry-led organisation, estimates India's GDP growth rate at 6.1 per cent in 2009-10.

With those facts in mind, Vikas Pota, managing director of public affairs firm Saffron Chase, wrote "India Inc.", a book about 10 global success stories he parallels with such powerful businessmen as Microsoft's Bill Gates, News Corp's Rupert Murdoch and Berkshire Hathaway's Warren Buffett.

Best Bollywood film of the decade


The Bollywood box-officeMore money, a corporate culture, braver themes and a gamut of young stars — the start of the new millennium ushered in a massive change for Bollywood.

The world’s largest film industry had, until then, worked in pretty much the same way for more than five decades.

from The Great Debate UK:

Where schooling is sabotaged

Kennji_KIZUKA- Kennji Kizuka was a consultant to the children’s rights division of Human Rights Watch and conducted research for their new report, Sabotaged Schooling: Naxalite Attacks and Police Occupation of Schools in India’s Bihar and Jharkhand States. The opinions expressed are his own. -

Late in the evening of November 29, 2008, a group of guerrilla fighters entered the remote village of Dwarika in the Indian state of Jharkhand and detonated improvised bombs inside the village’s only school. Doors blew apart, desks and chairs splintered, and portions of the classroom walls crumbled. No longer suitable or safe for learning, the school closed.

from Global Investing:

Time to kick Russia out of the BRICs?

It may end up sounding like a famous ball-point pen maker, but an argument is being made that Goldman Sach's famous marketing device, the BRICs, should really be the BICs. Does Russia really deserve to be a BRIC, asks Anders Åslund, senior fellow at the Peterson Institute for International Economics, in an article for Foreign Policy.

Åslund, who is also co-author with Andrew Kuchins of "The Russian Balance Sheet", reckons the Russia of Putin and Medvedev is just not worthy of inclusion alongside Brazil, India and China  in the list of blue-chip economic powerhouses. He writes:

from The Great Debate UK:

After 25 years impact of Bhopal leak lingers

Controversy still surrounds one of the world's worst industrial accidents 25 years after an estimated 8,000 people died in the immediate aftermath of a toxic gas leak in Bhopal, India.

At around midnight on December 3, 1984, a leak at a Union Carbide plant of methyl isocyanate gas -- a chemical compound used to make a pesticide marketed as Sevin -- led to about 50,000 people being treated for severe injuries to their eyes, lungs, and kidneys.

Bubble trouble for the Sensex?


(Nipun Mehta is Executive Director & Head – India, SG Private Banking. The views expressed here are his own)

Nipun MehtaAt a Sensex level of around 17,000, are the Indian equity markets looking at the face of a possible bubble in the offing? Terrifying words, probably unjustified for a market which is still 20 percent lower than its all time peak touched in Jan 2008. Let’s look at it from different perspectives.

Should India agree to reduce carbon emissions?


The Indian government has reiterated its refusal to reduce carbon emissions under any new global deal to fight climate change.

Carbon emissionsThe Times of India reported this week that Environment Minister Jairam Ramesh wrote to Prime Minister Manmohan Singh urging him to accept curbs on India’s rising carbon emissions without insisting they should hinge on new finance and technology from rich nations.

Is an end in sight for the Reliance dispute?


File photo of Anil and Mukesh AmbaniThe feud between the billionaire Ambani brothers became public in 2004, and still drags on.

On Sunday, Anil Ambani issued a statement expressing his willingness to end the bitter feud with elder brother Mukesh.

Will sex before matches help the Indian cricket team?


(UPDATE: Kirsten on Friday denied having any role in  drafting the document and said he was deeply hurt by the quotes being attributed to him)

Coach Gary Kirsten is encouraging the Indian cricket team to have sex to boost their performance in the ongoing Champions Trophy tournament in South Africa, a newspaper reported.

Lessons from the credit crisis


About a year ago, investment banking giant Lehman Brothers collapsed into bankruptcy after the U.S. administration refused to support a bailout. The bust triggered a dangerous domino effect which rocked world markets as people’s faith in the financial system plummeted and forced businesses to cut production as recession started taking roots.

MARKETS-GLOBALThe shock waves were felt in India too – the benchmark Sensex fell more than 50 percent in 2008, exports plunged and companies had to resort to ruthless down sizing to weather the crisis.