The Jan Lokpal Bill may need to move from idealism to realism; the solution may also lie in granting independence and teeth to existing agencies created to fight corruption. The three men stood up, glowered at me, and began shouting in chorus. They ignored the business card I had introduced myself with. How dare I…
We Were Leaders, but We Were Not Leading, says Paranjpe Since June 2005, when he took up the mantle of Non-executive Chairman of Hindustan Unilever (then Hindustan Lever), Harish Manwani has seen three executive leadership changes at the consumer goods major. First, there were two managing directors, Arun Adhikari and S. Ravindranath, under him. Expat…
‘My Objective and My Company’s Objective is to be Future Ready’ YOGESH CHANDER DEVESHWAR has been with ITC for nearly 43 years. The past 15 years as chairman and chief executive. Having turned ITC into a multi-product company no longer synonymous with cigarettes, he is seeking a five-year extension during which a successor will be…
The US is on life support, and Asian creditors led by China, which holds $1.16 trillion of US treasuries, control the intravenous drip. Asian central banks will not be dumping their dollar assets, but there is no doubt that US power is waning. For a while there, it looked like we would all, lemming-like, race…
Edited excerpts of a conversation BT’s Chaitanya Kalbag and Josey Puliyenthuruthel had with GE Chairman and CEO Jeffrey Immelt On the US economy Things are getting better in the United States. It’s a slow recovery, and some of that is based on how steep the crisis was, on consumer deleveraging, and the savings rate going…
Chaitanya Kalbag Barack Obama had barely walked out of Parliament’s Central Hall when the debate began on whether his India visit was “transactional” or “strategic”. It was neither. Obama, accompanied by an unusually large contingent of CEOs, many of them small and medium businessmen, was in search of jobs. Yes, the $10 billion of purchasing…
“In India, I See a Lot More Acceptance of Gender in the Workplace” Do you think the India-US CEO Forum you are a member of has managed to get things moving a bit in terms of a more positive attitude towards bilateral trade? It is very important to get things on the table to understand…
Nitish Kumar’s victory in last month’s Bihar election celebrates the triumph of economics over feudalism, but the climb out of poverty will be steep and hard. Schoolgirls on bicycles. Schools that actually function. Half of all panchayat posts are reserved for women. Close to 40,000 criminals were put behind bars. Roads that can be driven…
Can we even dream of saying bye-bye to China’s economy? Sushma swaraj said it simply in parliament in early August when she ruled out war with China over the Doklam plateau: “China has contributed to our growing economic strength. For them, there’s a lot at stake… here. They have been awarded many contracts.” That’s putting…
Importune your Maker, but not with impunity My family cracks up every time we watch Noises off, the rambunctious 1992 comedy. Maybe we find it funnier because we live in such a noisy nation. As India enters its 72nd year of freedom, we should declare independence from noise, and vow to liberate ourselves from religious…
Palliatives, pain-killers or band-aids: take your pick We are so frozen in the headlights of the onrushing slowdown that even a flicker leads us to believe that we have seen friendly djinns in the darkness. It is clear that Narendra Modi’s sixth year in power will be his worst in economic terms. The GDP is…
India’s ex-prime minister says the nation needs a unified approach to fuel growth Chaitanya Kalbag The man who launched India’s economic revolution 25 years ago, former Prime Minister Manmohan Singh, believes the country needs a stronger political consensus on reform to fuel double-digit growth and lasting prosperity. India’s economy expanded 7.6% in the fiscal year…