DesirÉE

The Sunday Indian - India's Greatest News weekly

Hello Kitty ‘Maneki Neko’ toy – 2,673,683.9 INR

Crafted by Japan’s Sanrio Company in 1974, Hello Kitty is a renowned fictional face of Japan. Already famous for its existing luxurious range of products such as Hello Kitty Robot, Hello Kitty Gold Business Card, Hello Kitty iPod Mini and Hello Kitty Guitar, it has now come up with Hello Kitty Doll, that is encrusted with 62,000 Swarovski crystals. Coined as Maneki Neko – which represents abundant monetary luck in Japan – it is displayed across 800 products of Hello Kitty. Not long ago, diamonds and crystals were women’s best friends. But now, they would be attracting the tiny tots too. A childhood filled with luxury? Sure it is!

Japanese Wooden Supercar – 1,294,076.7 INR
If you thought wood was used only to provide for fire and furniture, think again! A furniture maker in Japan has used wood to build a super- car, possibly inspired by another wooden innovation – an airplane. The entire body of the car is made out of wood, barring the mechanical accessories and the engine. With speeds that can touch an astounding 90 kilometres an hour, this mean machine is surely going to give sleepless nights to all the Mercedes and the Porsches on the roads…

History of Flight Guitar – 6,065,984.7 INR
In an eon where enduing capital on objects of art have gained importance, and transcended from just paintings to sculptures and musical devices, comes a product that any music lover would like to lay his hands on. History of Flight – a guitar, created by Larry Robinson (renowned artist) and Master Luthiers, gives accolade to the expertise that had distinguished the twentieth century. This matchless musical piece is topped with an Adirondack Spruce, adorns a Brazilian Rosewood at the back and is born out of the finest ingredients. With a fibre casing to cover this instrument, the privileged lot would be more than happy to make you dance to their tune.

NoBody’s Perfect Double Bed – 485,278.8 INR
A romantic evening with your date only got spicier with the latest bed coming to you from NoBody’s Perfect stable. Created by Gaetano Pesce, an Italian artist and designer – this bed might seem to have a mishmash of windows that are strangely shaped, but when one takes a closer look, it actually goes on to display a couple lip locking. Consisting of panels of resin, this double bed gets united as one with the help of pins made out of nylon. For the eloquent elite, this bed should symbolise an indulgence to express their love for their partner.

Edit bureau: R. Prasad

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

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

For More IIPM Info, Visit Below....
IIPM Mumbai Parables - Stories that change life
IIPM International Student Exchange Programme
IIPM, ADMISSIONS FOR NEW DELHI & GURGAON BRANCHES
IIPM, GURGAON
ARINDAM CHAUDHURI’S 4 REASONS WHY YOU SHOULD CHOOSE IIPM...
IIPM Economy Review
IIPM :- Cicero's Challenge is going global
The Indian Institute of Planning and Management (I...
Time for Awards at IIPM

Myopic vision!

IIPM Mumbai Parables - Stories that change life

ECB curb is a short-term measure
External sector reforms are on the regressive trajectory, the measure taken by the government in consultation with RBI to impose a curb on External Commercial Borrowings (ECB) clearly goes on to show that the RBI is short on options.

Unquestionably the burgeoning capital inflow has posed a macro-economic problem and has complicated monetary policy and currency management; yet opinion remains divided on the effectiveness of the measure announced to limit the pressure on rupee appreciation and promote export competitiveness. Never the less, the market pulse suggests that it is bound to have mild impact; Sachchidanand Shukla, Economist, Enam Securities, asserts “This is just a short term strategy by RBI to curb burgeoning ECBs which is fuelling the rupee appreciation. Moreover, it won’t help IT firms much as they also have to tackle wage inflation among other things.” FIIs, private equities, ADRs/GDRs remain strong alternative avenues of foreign inflows.

Liquidity management seems to be the top priority of RBI and hence the CRR hike to control domestic liquidity and curb on ECB to tighten foreign capital inflows. It was in the month of May that the government barred the real estate companies from raising ECBs and now it has further put restriction on raising foreign funds through ECBs.

Accordingly, companies will now be able to raise up to $20 million for rupee expenditure with prior RBI approval; over $20 million will be allowed only for foreign currency expenditure for permissible end use. Amidst apprehensions that domestic credit pricing of corporates could well see a surge; companies will now have to look at local banking channel. The central bank wants to curb the speculative inflows and leave genuine foreign currency loans for project imports untouched.

The measure with immediate effect comes at a juncture when there is an increased demand for external funds due to the interest rate arbitrage; companies will now have to face higher interest rate regimes at home and this is will certainly dampen the market sentiments. On the other hand, RBI’s efforts to flush out excess foreign capital by encouraging people & corporates to invest up to $100,000 is a welcome sign. This move will prove to be more effective in liquidity management and thus keep inflationary pressure under RBI’s comfort zone.

B&E research: Gyanendra Kashyap

For Complete IIPM Article, Click on IIPM Article Source : IIPM Editorial, 2007

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

For More IIPM Info, Visit Below....
The Sunday Indian - India's Greatest News weekly
IIPM International Student Exchange Programme
IIPM, ADMISSIONS FOR NEW DELHI & GURGAON BRANCHES
IIPM, GURGAON
ARINDAM CHAUDHURI’S 4 REASONS WHY YOU SHOULD CHOOSE IIPM...
IIPM Economy Review
IIPM :- Cicero's Challenge is going global
The Indian Institute of Planning and Management (I...
Time for Awards at IIPM

That’s where the third myth comes in.

The Sunday Indian - India's Greatest News weekly

That’s where the third myth comes in. And that is the one about how the nuclear deal-if signed-will be cast in stone forever, binding India till eternity. Nobody seems to be saying what should be obvious: that no deal, agreement or partnership has ever been permanent in the history of modern nation states. Again, a few examples will suffice to buttress the point. Before Germany launched the Second World War, Hitler signed a treaty of friendship with fellow dictator of Soviet Union Stalin. Just two years after the ‘historic’ agreement between the two countries, Germany invaded Russia. In 1948, when Mao and his fellow communists captured power in China, the United States refused to recognize the nation. It was the island ‘state’ of Taiwan that was the official China as far as America was concerned. Yet, in 1973, American President Richard Nixon and his advisor quietly struck a deal with China that triggered the rise and rise of the Middle Kingdom as a Great Power. When Pakistani dictator Zia ul Haq hanged the democratically elected Prime Minister Zulfikar Bhutto, America virtually snapped all ties with the country, demanding a return of democracy. It is Pakistan’s fortune (or misfortune!) that the Soviet Union invaded Afghanistan and America declared that Pakistan is a front line ally in the war against the ‘Godless’ communist. Throughout the 1980s, Uncle Sam winked at Pakistan’s dangerous behaviour. And when the Soviet Union withdrew its troops from Afghanistan in 1989, America promptly declared that Pakistan was an ‘irresponsible’ state and stopped the supply of F-16 fighter aircraft to Pakistan; aircraft for which poor Pakistan had paid money in advance. America has repeatedly violated or terminated treaties and agreements, including the Geneva accord. So have other nations when it comes to a matter of their ‘national interest’. So what stops India from doing the same in the future with the nuclear deal if it is no longer concomitant with India’s strategic interests?

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

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

For More IIPM Info, Visit Below....
IIPM Mumbai Parables - Stories that change life
IIPM International Student Exchange Programme
IIPM, ADMISSIONS FOR NEW DELHI & GURGAON BRANCHES
IIPM, GURGAON
ARINDAM CHAUDHURI’S 4 REASONS WHY YOU SHOULD CHOOSE IIPM...
IIPM Economy Review
IIPM :- Cicero's Challenge is going global
The Indian Institute of Planning and Management (I...
Time for Awards at IIPM
STUDENTS AGAINST CORRUPTION & KICKBACKS : SACK
Heavy dut(t)y stress Sanjay Dutt Bollywood Actor
The Business of B-School Rankings & The Big Farce