A question of who deceived who or a question of systemic failure in our culture and society

Recent Article by Bharat Jhunjhunwala on How banks are deceived by companies points towards a systemic failure in our culture and society in general. So the result is, a father son duo asking for a ₹ 5 Cr. loan is scrutinized to the hilt and even a single red flag is enough for rejection while a large corporate asking for a ₹ 5000 Cr. is scrutinized to a minimum and many red flags are overlooked

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Migrant workers in the Indian context, Should we still promote urbanization or opt for de-urbanization

Recent article published by affiliates of Aajeevika Bureau, a non-profit. in the Business Standard. seems to point out the issues at the surface (Migration) but fails to tackle the real issues and causes (Urbanization). Furthermore it believes that it is trying to solve a problem but in reality it is contributing to a bigger and longer (in time) problem that India currently faces.

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Finance in India: Business reforms or ? About Bank Mergers

As always, facts are being quoted and reported without evidence or investigations by various people groups and media. The government assumes that this will bring in efficiency and reduce dependence on both RBI and the government. Obviously the banking leaders are supporting the decision. Employees are against it citing some logic but everyone knows whats the real issue. Left as always is supporting them. Perhaps there are no independent academicians, researchers, economists or management experts in our country as they have not been quoted. No one cares or has the time to report on the hard facts.

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Power Utilities: Audit Efficiency both with respect to People and Processes, then consolidate

For a second just leave aside the issue of “electricity being a concurrent subject” and try to evaluate the possibilities of the pros and cons by auditing various aspects related to efficiencies on parameters like finance, processes, procurement, promotions, service delivery etc. etc. of state DISCOMS & GENCOS. Now after the audit consider consolidating these into only two entities at the national level like PGCIL & BSNL etc. but with better efficiency and productivity with respect to processes and people.

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Payment guarantees for power purchase: DISCOM Efficiency

Minister of state for power and new renewable energy has approved the proposal to make it mandatory for distribution licensees to open and maintain adequate letter of credit as payment security mechanism under power purchase agreements. The order, applicable from August 1, will ensure curbing adding further to the outstanding bills of Rs 41,747 crore by distribution companies.

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The Indian Medical Association (IMA) is back at minting money

The Indian Medical Association (IMA) is back at it – endorsing commercial products. Except, this time they aren’t calling it endorsement. The new name is “certifying a claim that is health friendly”. And the IMA is refusing to divulge how much money has been given for this certification citing “non-disclosure agreements” with the companies whose products they have certified.

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Defining the nature of new world order

The neoliberal experiment has been a spectacular failure. Growth is lower than it was in the quarter-century after World War II, and most of it has accrued to the very top of the income scale. After decades of stagnant or even falling incomes for those below them, neoliberalism must be pronounced dead and buried. Vying to succeed it are at least three major political alternatives: far-right nationalism, center-left reform-ism, and the progressive left (with the center-right representing the neoliberal failure).

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“We don’t verify and evaluate it” – MCA secretary Injeti Srinivas 🤣【Yes we know】

File KYC or will consider you inactive, govt tells firms. About 44% of the country’s over 11 lakh active companies have so far complied with the new know-your-company (KYC) norms mandated by the Ministry of Corporate Affairs (MCA). The companies which don’t comply with the KYC norms by June 15 will be presumed to be inactive and tagged as ‘non-complaint’ on the MCA 21 portal.

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Garbage In – Garbage Out ⦒ A statistic is as good as the source and the method 【 NSSO, MCA 】

NSSO report on services sector to be examined by committee. The NSSO report has generated controversy following its observation that as much as 36% units forming part of MCA-21 database, used in computing GDP, were neither identifiable nor traceable in the field.

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Does the US (and its citizens) truly believe in fight against terror and can it act as a global leader?

Recently US Commerce Secretary Wilbur Ross, old reporters that “Oil is owned by private people, so the government cannot force people to make concessionary price,”. The statement raises some questions with respect the actions taken by the US, its stated intentions for the same and the disconnect. Moreover, its inability to execute strategies covertly.

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BUSINESS REORG ⦒ O&M HALYARD HEALTH IN PUNE INDIA

Formerly part of Kimberly-Clark, Halyard Health became an independent company headquartered in Alpharetta, Georgia on November 1, 2014. Now part of the Owens & Minor ( O&M ) family. Halyard Health sells sterilization wrap, facial protection, gloves, protective apparel, surgical drapes and gowns. Owens & Minor is a service provider to the healthcare industry. As far as the history and presence of O&M Halyard Health is concerned with respect to India the previous company Halyard Health has been divided into two the medical device SBU is now under a different parent while the existing business line is now under O&M. The reorganization is being undertaken by Winton Investment Advisers India.

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