chennaiacademy

Provides updates and news on matters concerning accounting, finance and management

Month: February, 2013

MEN OF INDIAN MANAGEMENT EDUCATION MUST BECOME OF AGE

There was a wonderful thought provocative lecture by Dr. Suresh Appavoo, Associate Professor of Education at Dominican University, USA, organized by the Madras Management Education, Chennai, India under a theme “Management Education in India -Predicament to Possibility”. He was quoting that as per the statistics,  only 30% of the Indian youth are able to get Quality Management Education. To move towards the better, he urged that there should be an awakening in India and that for an inclusive education to be practicable, people must develop and practise ‘social entrepreneurship’.

In my view, answers to the following questions would go a long way in attaining ‘inclusive management education’ (if i am permitted to call so)

 

1. Would our Indian ‘political entrepreneurs’ who are into higher education, be willing to accept this and take forward?

2. Whether the government would be able to make such ‘political entrepreneurs’ socially accountable?

3. Whether the government which would be opening the gates for the foreign universities would do enough to give permission only with certain preconditions like ‘minimum percentage’ of students they would admit must be from ‘rural /other wise not getting access to quality education’ segments. (this is being done in the case of proposed new banking policy insisting on banks to open a % number of branches in rural areas)

Super Banker’s Barricade

One of the requirements of  Indian Central Banker’s (Reserve Bank of India) guidelines with regard to letting non banking corporate firms enter into banking sector is that such a firm should  not have exposure of 10% or more to real estate or brokerage business.

This concept may be towards establishing an entry barrier for ‘bad boys’. However this raises the following queries.

1. What if the entity does have indirect holding or exposure?

2. Are the people who have been successful in ‘managing’ the said limits expected to be ‘good boys’?

3. What if the entities having crossed the limits been successful in their businesses and also follow good ‘governance practices’?

4. What if the entity partnering with indian entity has/had exceeded the 10% ?

5. what about the qualitative aspects?

and similar other questions..

One may not have forgotten how in the case of ‘Enron’ the limits were managed…

IRDA’s decision to boost sentiments in Indian capital markets

Indian Insurance Industries regulator- IRDA’s decision to allow insurance companies to invest up to 15% of the Share Capital of companies is expected to boost the sentiments in capital markets. The decision may also help increase the bottomlines of the insurance companies.