NEAR AND DEAR NREGA

What Jean Dreze, a Belgian economist from the Delhi School of Economics had put on paper, Manmohan Singh put into real life in 2005. The historic National Rural Employment Guarantee Act became enforceable across 200 districts in India, costing Rs. 400 billion. The scheme aims at reducing unemployment in rural India and is designed to provide 100 days of employment to every household within the selected districts at minimum wages fixed by the state governments. Both the center and state would have shares in the financing of the scheme. The only worry: if the current system reeking of corruption continues, there is not much hope of the unemployed getting their due, since contractors, bureaucrats and politicians would steal as usual.

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Source:- IIPM Editorial, 2006

And now, selling India for nuts FIIs

“There is hardly any big registrar like Karvy, and processing of lakhs of application for shares is not easy.” However, if one goes down in past, penal action taken by SEBI – if at all – has always been limited to the brokerages house, and has always been so delayed, as to be ridiculous (Harshad Mehta dying before being adjudged is just one of the hundreds of amusing SEBI tales).

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Source:- IIPM Editorial, 2006

An exit poll survey reveals the true scenario of Assembly Elections

But is that a gospel that everyone should swallow without a pinch of salt? Startlingly, an independent pre and post poll survey conducted by B&E indicates something dramatically different. The independent survey clearly indicates that far from a sweep, the Left Front will struggle to get a majority in the current elections. Of course, the odds are that it will still form a government and Buddhadeb Bhattacharya will still be the Chief Minister.

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Source:- IIPM Editorial, 2006

VOICE study

LIC is no longer the only choice in the life insurance sector, but the VOICE study revealed that even today, LIC still commands impressive brand equity. People have faith in the brand and product because it has been around the insurance block for decades. Of the total life insurance market, LIC’s has a whopping 80% and it also enjoys the overwhelming benefit of government support.

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Source:- IIPM Editorial, 2006