Learn

Excel

NIMA

Build

Energizing Young Minds

NIMA eMagNorth India Management Association

NIMA Regd. under Societies Act 1860

Dec. 2012Issue - 6

Arunachal Pradesh - The land of Rising Sun

Content

NIMA eMag Oct 2012

NIMA eMagLearn

Excel

NIMA

Build

Energizing Young Minds

Views expressed in the Article inside are that of the authors

NIMA may not essentially subscribeto these views

A Bi-monthly e-mag of NIMAedited by JN Vohra

PresidentDr. Gulshan Sharma

Vice PresidentAjay Gupta

Secretary GeneralJN Vohra

NIMA

SCO-1, Level III,(Opp. Reserve Bank of India),

Sector 17-D, CHANDIGARH - INDIAPhone : +91-9814556072

you can send your feedback tonimachd11@gmail.com

Foreword 1

THE BOMB AND THE DESCENT OF MAN 2-3Raj Chengappa

STALLED DOHA ROUND: LITTLE HOPE FOR A SUCCESSFUL CONCLUSION 4-5Dr. P. K. Vasudeva

QUALITY: SMALL IMPROVEMENTS GIVE MAJOR ACHIEVEMENTS. 6-7Tej K Magazine

NEED FOR ENTRY LEVEL TRAINING IN PRIVATE SECTOR BANKS 8-9Dinesh K Kapila

MUMBAI JEWEL IN THE CROWN 10-11Alia Zafar

JUST TAXATION SYSTEM 12-13Col (Retd) KK Sharma

CINEMA: 'VIRTUAL BROCHURES' FOR DEVELOPMENT OF TOURISM 14-15Dr. N K Sharma

'THE ART OF LIVING' BY CHANGING PERCEPTIONS 16J.S. Gogia

LOUTS LURK TO EXPLOIT THE WEAKNESSES OF WOMEN 17S.P.S. Bhalla

EXCHANGE TRADED FUNDS 18-19Pooja Rani

UNSHACKLE CHANDIGARH FROM ITS PAST 20J.N. Vohra

EVENTS 21

NIMA eMag -Oct 2012

1

FOREWORD

NIMA eMag -Oct 2012

3

NIMA eMag -Oct 2012

4

Dr. P. K. VASUDEVASenior Professor and Advisor Galaxy Global Group of Institutions, Ambala

A panel of developing country The developing countries felt at the The WTO is now at a crossroads, as to ambassadors recently discussed end of the Uruguay Round (which led whether it should focus on the p r o b l e m s w i t h Wo r l d Tr a d e to the WTO's formation) that WTO u n f i n i s h e d a g r i c u l t u r e a n d Organisation (WTO) talks and what rules were unfairly tilted in favour of development issues, or ignore these they expect to follow. Many world developed countries, and they wanted and instead create new rules on yet leaders are still calling for the to review and reform them to make the more new issues that would make the successful conclusion of the stalled WTO more development-friendly as system even more complicated and Doha negotiations. However, these well as to get developed countries to unbalanced.calls have not succeeded, and a debate cut their heavy protection in India's ambassador to the WTO, Jayant is growing on the WTO's future role. agriculture. However, the developed Dasgupta, said developed countries

countries, which had succeeded in were now aggressively pushing new bringing non-trade issues l ike rules in trade facilitation which would intellectual property and services into result mainly in facilitating more the trading system, were not imports into rather than exports from interested in the proposed reform. developing countries. That would also They wanted to push the WTO into be costly, and the promised funding is taking on even more treaties and rules not forthcoming.on new issues such as investment, The developed countries were also co m p et i t i o n a n d gove r n m e nt pushing for other new ways to open up procurement, as well as to continue developing countries' industrial opening markets in developing m a r k e t s , t h r o u g h a s e c o n d countries while protecting their own Information Technology Agreement agricultural sector. and tariff elimination of what is termed Although the Doha Round was environmental goods, with a wide supposed to promote the developing definition of both, thus involving many

On September 26 a conference was c o u n t r i e s ' i n t e r e s t s , m o s t sectors and goods. “We can expect organised by the Our World Is Not for development aspects had been more pressures to negotiate new S a l e ( O W I S FS ) n e t w o r k , t h e eliminated or marginalised in the past issues in the agenda for a new round”, I n t e r n a t i o n a l T r a d e U n i o n decade. Meanwhile, developed the ambassador said. Confederation, the Third World countries kept insisting on opening the Dasgupta stressed that the WTO faced Network, and the South Centre as part markets of developing countries, a real crisis of reconciling the different of the WTO's three-day annual forum especially in industrial products and demands and ambitions of countries debating topical issues in multiple services. which have up to $80,000 per capita discussions. In one of the sessions the discussions were on “Doha and the Multilateral Trade System: From Impasse to Development”, where it was brought out that the impasse in the Doha talks, launched in 2001, had been due to a fundamental conflict since the birth of the WTO in 1995.

STALLED DOHA ROUND: LITTLE HOPE FOR A SUCCESSFUL CONCLUSION

NIMA eMag -Oct 2012

5

current crisis. He that the G-20 considers this to be a proposed a different subject that could be settled ahead dialogue to base the of a fuller agreement on the whole system on fair trade, Doha Round package. The other is a equal opportunities, call for new Secretariat studies on and building the tariff quota administration, and on d e v e l o p i n g export subsidies and other forms of countries' capacity to export competition export credit produce and export. and insurance, state trading The rules should be enterprises and food aid, which can income and those with as low as

fair and allow for development, he all involve hidden export subsidies.$500 per capita income.said. They should not close off Ambassador Angelica Navarro of opportunities for development and Because the proposals were only Bolivia advocated a fair, balanced policy space, but should be inclusive circulated at the beginning of the multilateralism where everyone had and allow for the participation of meeting, most members said they a say on an equal footing, but the countries. still needed time to study them reality is quite different.He criticised the promotion of the before responding properly. Most “We started this century with a plurilateral route, where some also said they are committed to mirage, the idea of development and countries negotiate new rules and finding ways to move the talks re-balancing the trade system at the then try to impose these on the rest. forward, and would therefore centre of the WTO, but now we This was not a correct principle for respond seriously.realise that those promises were multilateralism, he stressed. The developing countries have come nothing more than a means to Deborah James of the OWISFS to a conclusion that the developed ensure greater opening of our network called for mechanisms for countries would not accept cuts in markets,” she said.d e v e l o p i n g c o u n t r i e s a n d their agricultural trade distorting In her view, the impasse is due to the development-oriented NGOs to subsidies (green/blue box and lack of a political will to ensure that participate in discussions on the export subsidies) or providing the multilateral trade system is future of the trade system, instead of greater market access, thus their adjusted in favour of the poorest. giving opportunities mainly to proposals would lead to even more Trade agreements, she said, must leaders of big business concerns. unfairness. The developed countries not impose conditions with adverse The Group of 20 (G-20) developing have to change their political will to effects on human rights and the countries, an alliance in the WTO accommodate developing countries environment or bring an end to the agriculture talks, presented two new by agreeing to reduce agricultural values of our societies.proposals on 28 September 2012, subsidies.Ambassador Faizel Ismail of South described as an effort to comply with The writer is the author of World Africa gave a critique of the concept instructions from the December Trade Organisation: Its Implications of Global Value Chains advocated in 2011 Ministerial Conference, to on Indian Economy (Pearson the WTO by those who wanted to explore how to progress in the Doha Education). He can be approached at promote further trade liberalisation Round negotiations. E-mail: vasu022@gmail.comin developing countries.Brazil, the group's coordinator, told He said this argument was flawed an informal negotiations meeting and did not offer a way out of the

NIMA eMag -Oct 2012

6

Quality only happens when we care Dr. APJ Abdul Kalam at a recent But, some of them throw rubbish on enough to do our best! interaction said: “You would not dare the street, creating nuisance for the Infotech & telecom revolution have to over speed in Washington and tell society.reduced the world to a global village. the cop that you are so & so's son. Can • Some people spit through the Liberalization Privatization you use jockeys to appear for exams on window, unmindful that it may hit the Globalization (LPG) since early 90's; your behalf and buy fake certificates in head of a passerby, or spit out paan on strong emergence of WTO regime; Boston? You who will throw papers & the cleanest corner of a beautiful burning issues of global warming and cigarettes the moment you touch public building thus, polluting global economic meltdown have environment.created a situation of “survival of the • One possesses four watches fittest”. & wall clocks in one's home. But, these In this survival situation in a show different timings. One of these is competitive global business, highest idle for want of a pencil cell for last few emphasis needs to be given to weeks, yet one is unmindful of the QUALITY. When we talk of QUALITY, we deficiencies.mean global quality practices with the • People keep the tap on or best bench marks. A narrow band don't close it properly after use. Thus, situation of a company's internal wasting scarce water resources.quality or testing standards for a • People derive pleasure to product or a service, are not enough. jump a traffic light, don't wear a Wo r l d c l a s s s c e n a r i o m e a n s helmet or cut short through a wrong commitment to TOTAL QUALITY side thus, risking one's own life and CULTURE quality at every step & that of others.

Indian ground You, who can respect everywhere! • How many of us throw empty the foreign system in a foreign land, Personality traits & habits have a direct of a chips packet, empty soft drink why can't you do the same thing in impact on performance at work place. bottle or a banana peel , from a your motherland?”.These include temperament , health running vehicle, as a matter of routine If one follows unhealthy thought management , financial habits, and don't bother about it?process & practices one is not expected inherent family values, maintaining • How many smokers throw a to give Quality at work place. One has one's own home, approach towards burning cigarette butt on the room to be conscious of personality bringing up children; concern to floor, building corner or the street and shortcomings, overcome these preserve environment , interest taken don't care the consequence of the gradually and reform the habits to for society's needs etc. Most same?Total Quality Culture, otherwise no importantly, how best one takes care • H o w m a ny n e w s p a p e r Juran or Deming can prompt one to of smallest issues at work place or readers wash hands with soap after deliver World Class Quality, while simply ignores these. reading it? Printing ink contains cancer earning one's bread & butter.I would like to share some food for causing elements.Quality practices can be traced back to thought having impact on quality All these and many more are routine ancient times. “Hallmark” system of performance at work place: habits, having a negative impact on assessing the quality of gold & silver People clean their homes every day. one's personality.

QUALITY : SMALL IMPROVEMENTS GIVE MAJOR ACHIEVEMENTS

Tej K MagazineManagement Consultant & Corporate Trainer

NIMA eMag -Oct 2012

7

COST: Cost to the customer should be was introduced way back in 1140 AD. attractive to the extent that the Likewise the Egyptian “Book of the competitor can't beat it, t the same Dead” documented Quality systems time “win win” for both buyer and related to burial of dead bodies of their seller.royals , resulting in several centuries CONSISTENCY: Should be maintained old mummies remaining intact till the in every aspect of business operation present times. The process of and commitment to customer, improvement in Quality systems & enabling zero defect products & practices continued with progress & services to the customer. development , the human race made DELIVERY: Should be strictly adhered judiciously the scarcely available land over centuries, reaching the present to, as per customer schedules, or as resources.stage of ISO systems guidelines &

PLANT committed, without any deviation, --- should be energy efficient certifications where the principal what so ever.having highly productive machinery mantra is : “Write what you do do A T T I T U D E : W h e r e a s r a p i d with least human intervention, based what you write”; as well as continued technological advancements should be on latest technology and provision for research in Total Quality Practices. accorded due priority; at the same c o n t i n u o u s u p g r a d a t i o n o f World Class Quality emanates from the time adding value to customer technology.Japanese word “Dontotsu” meaning

PROCESS expectations is not possible without --- should be zero error & cost “best of the best”. Quality begins with human intervention. Human attitude effective, having emphasis on strictly cleanliness standards & practices at at every stage of business has to be maintaining environment norms and the shop floor - where a safai highly positive, polite, friendly, regard for human health & safety. karamchari is as important member of

PRODUCT Communication based on truth and --- should be zero defects, the quality process team as that of a quickly responsive. Attitude has to be creating ultimate customer delight and skilled machine operator, a supervisor committed to create customer delight most sought after brand in the market.or a manager.

Mantra and for enhancing value for company The 5-P is further supported by It is important to create a globally reputation & business.the DISCIPLINE of LIFE The Japanese competitive organization. The key India has less than 1% of global market way, that is the 5-S Formula, factors are the 5-P's:share, as against China's 6%. India has summarized as under:PEOPLE --- PREMISES --- PLANT --- distinct advantage of abundant natural * SEIRI - Organize yourself PROCESS --- PRODUCT.resources, growing research facilities, * SEITO - Systematic arrangement PEOPLE --- should be qualified & excellent technological competence & * SEISO - Cleanliness & neatness experienced. Right people for the right low cost labor all these are enablers * SEIKETSU - Standardize & follow good job, in the right age group; open to for vast potential of growth in global work practices continuous learning & skills up business. We, in India must convert * SITSUKE - Self discipline attitudegradation, adaptable to quick change, these inherent advantages, by giving Taking care of minutest flaws in the possessing a spirit of ownership, the best global quality to the world.system would ensure elimination of customer friendly attitudes and team Ultimately customer delight can be bigger flaws. Before thinking of work. People must keep negativity created only by solid commitment to theories like 6-Sigma etc., practice in pessimism frustration & depression TOTAL QUALITY CULTURE, as daily routine simple S-I-G-M-A: Small out of one's personality, to give best Mahatma Gandhi said “It is quality I m p r o v e m e n t s G i v e M a j o r performance. Organization should be of our work that would please God Achievements.lean and in true spirit a human and not the quantity.”Ultimately stay ahead with adopting institution.

QCCDA:PREMISES --- Well designed premises, Copy Right reserved with the authorQUALITY: Quality of products & taking care of al l operational Author can be contacted at

services should be as per best global requirements. The Premises should be tej@traambiz.comstandards and as demanded by the friendly to environment, people, Customer. process & logistics, designed to use

NIMA eMag -Oct 2012

8

The new private sector banks have pressure is killing me'. branch I bank, the lady heading rewritten banking experience in India personal banking, a mature person, On my way to another bank whose and been a game changer in banking heard out my query and need to name corresponds to what the earth and retail banking in particular; though initiate a SIP in a MF but started selling revolves around, I met Tavleen (name the PSU Banks have now caught up me a ULIP. I retreated and now she changed), she is hardly 30 years, though in spite of their staid image does not even look at me and as for the suffers from blood pressure and says with the public. The role, ambit and MF SIP, well it's now initiated through a she feels so stressed that there is no performance of the new age private NBFC, at least they do not chase me. time for even personal grooming. sector banks are well recognised and There are many such employees I meet Trainees tell me tales of how they are justly so and cannot be doubted in any every now and then and at times I suddenly told in the morning its ULIP manner. However what has puzzled me really do feel they are not given their Day or Gold Sales Day or week, they are is the sheer churn at private sector due in terms of recognition, some state constrained to approach customers banks and the staff turnover that is at they are expendable, used up fast and with these products. Then come sales entry level of trainees recruited by hence switching banks to escape the targets even for ULIPS, MF's etc. One most of them with designations such ever increasing stress, only reality new trainee related to me that she was as Assistant Managers or Officer catches up again and again. As I said advised to generate Rs 35.00 lakh Trainees, normally for the operational this is anecdotal, but when I discussed between September and November. areas. this with the head of HR of a major Even a cashier mailed me some

private sector bank, he said the brochures on ULIPs, I asked her the trainees should come prepared for this reason, she said it was to achieve her and the best would be the cream that target! would be churned out. But I find even This brings me to my subject, what middle ranking executives claiming about the trainees. Their training, stress was too high and unrealistic grounding in the knowledge of targets, especially for insurance being banking, the charter for banks in India foisted on them. and their place in the scheme of The fact is that contrary to what the strategy and organisational growth is bosses who conceive strategy may not really accorded its due importance. think, or the ones who push products I first hand know through my own from controlling offices, customers can network of friends and relatives the at times feel diffident entering private actual seriousness with which sector bank branches many a time. If recruitment is organised at these you sit down for a query on any banks even at the entry level. This

Coming out of a bank which claims to product, rest assured for a sustained

have founded modern retail banking, I pressure to be applied for selling any of

ran into Ramesh (name changed), I their other products, specially the

asked what he was doing at a rival bank fascination with insurance puzzles me.

as he was employed at a bank which Or maybe the commissions are high

claims to be having the finest systems but at most banks, the insurance

and processes in India. He laughed and products are attempted to be retailed

said, 'Sir, have been working in two the maximum. I can personally add

banks and this is the third, where do I that at the best in systems bank, at the

go, the stress of targets and sheer work

NEED FOR ENTRY LEVEL TRAINING IN PRIVATE SECTOR BANKS

Dinesh K Kapila

NIMA eMag -Oct 2012

9

entails a cost but on an anecdotal the job training as prescribed. It's a environment at work also. There could basis, I find that it's the follow up to swim or sink scenario and introduces be aberrations at particular branches recruitment which leaves a wide gap stress straight away. I have asked most also, if a particular region or branch between the trainee and the bank. trainees if any manual was handed loses staff regularly, its time to focus on Most of the new age private sector over on operations, mostly they such issues. But its also true that the banks recruit from the tier II MBA manage by making notes and asking sheer flow of business and pressure schools and administer tests and even around!. may constrain the need to address interviews subsequent to the tests for such issues upfront. As one Branch What puzzles me genuinely is the care selecting trainees. The level of tests is Head said to me, if financial results taken on recruitment and initial not generally as tough as the PSU flow, HR issues are on the slow lane of placement, the appointment letter is banks but does facilitate weeding out priority.generally comprehensive, the joining the aspiring trainees. After the tests and reporting system quite formal, As an aside, a Deputy Manager and an and interviews, referral checks are salary accounts are opened. One bank Assistant Manager said to me wisely normally conducted with reasonable insists upon a PAN Card (and even that you have to work the system. So seriousness. At one bank, a fully opens a DMAT account). Then they made calls for business to prime fledged security check for Assistant employees are made eligible for a host customers etc with enough leeway in Managers is organised which can be of benefits such as Group Insurance, the day time while the donkey's work quite vigorous. Medical examinations Mediclaim etc. Thereafter entries are was left to the new trainees, but when are also conducted now. All of this made in the HR systems or HRMS as it was late afternoon or evening, it was entails a cost and yet the banks most trainees choose to call it. All this time to return to the seats for actual seemingly fail at the threshold, that is entails as I said a cost, but post this, the work as also to impress the bosses. The at the actual entry level. follow up is lacking, and most trainees I stress on the new trainee was laughed Trainees are mostly placed without know report hardly any follow up by HR off, either he/ she would palm it off actual training, which may itself be or the Branch Heads. In major later to another trainee or quit, which organised after an interval, this branches, the Branch Head is a distant was no great shakes. As to my query overwhelms most of the trainees as figure for the trainee, any undue from many trainees and quitters if the even a short course would actually be pressure being generated by the head HR had conducted any follow up or sufficient to absorb what they are of operations or any section the contacted them for the reasons to quit, headed for and the basics of banking trainee is posted to may find the never was the unanimous answer. In operations expected from them. Add trainee unable to find a channel to see any case a HR head at a region I called to that, the stress on mentors and any form of resolution.. up to discuss the particular issue of a guides, referred to in flyers / trainee totally stressed out at a branch Another myth being propagated is that

by the head of operations , said he was the staff Private Sector Banks work himself stressed out, was quitting and harder than at PSU banks, this should the only advise he had was to smile and be buried as a myth. Working late, bear it. He also said that you had to be having lunch at 4.00 pm regularly, street smart to survive the pressure. going home at 7.00 pm or even 8.00 Stranger still was the advise from the pm, setting accounts in order post 5.00 Zonal HR Head located at a major pm etc are not the signs of hard work metro, he said the private sector banks and need not be taken as such. Systems were another world and at the front and processes obviously need to be operations level , you either realigned and the points of stress performed or moved out. recognised as legitimate. I write this as

related by some ex trainees, at one The issue of entry level training and the communications and letters is also not private sector bank, the Bank pro active role of HR as also sensitising borne out at the branch, specially the organised a major interaction of all branch heads on its importance thus branches located in major cities or the trainees with the regional head, he cannot be wished away. The need is main branches. Seemingly endless refused to take any feedback, advised there genuinely as per anecdotal work and deadlines and products make them to cope up and also stated they experiences, maybe finer research most branch heads and their should join PSU banks if the work load would be required to ascertain it and to operational heads forget that the was tough. This was also advised to me realign the structure and processes. trainee requires handholding, a degree for operational trainees by a head of a While the impact of churn in of confidence building and even functional area in another private operational staff or stress maybe knowledge, something as essential as sector bank. I can only say that PSU minimal on business presently, there is to where to place the cheque, how to banks are performing reasonably well no reason to have stress beyond enter it etc. Ask most trainees in major by any yardstick and instead of such optimal levels either. branches, the mentor / guide is a myth, advise, the better option is to re-as is any guidance from seniors or on examine the internal scenario of the

NIMA eMag -Oct 2012

10

My first view of India came from the the corridor leading to the immigration me held a shade of someone there and side of a wing which formed part of the area, the pungent smell of some so did they all carry some fragment of PIA plane taking us, a group of disinfectant used with an unclean mop me in them. There came back to me Pakistanis beyond the line of control. and its even more musky, wet, soggy again and again a sense of the oneness The haze over Mumbai seemed to blur smell came from all around the of all. There actually were no everything and so was my first glimpse corridor and immediately gave me a boundaries. It was easy to reach out of a land with which so much of our feeling of “oh this is not as clean or as and touch what was familiar and our history and past is inextricably big or as new as our airport at Karachi'. own in the people and places around intertwined. The heat of the immigration area and us.My day of arrival in India was second of the long waiting milieu finally gave way My first impression of Mumbai “looks February but I had been attempting to to the area where a lady immigration like old Karachi” caught hold of the go for the past decade so I would say officer in the universal and eternally sentiment and my further exploration my journey towards the place started etched stern manner looked at my of the city corroborated my earlier more than a decade ago and that is passport and of my daughters .All the statement. There was something old indeed a long time to cross over to the while I was trying to look my most and something new, something other side. I had come to realize that pleasant with the intention not to land famil iar and something al ien, for me like for so many other younger in some jail for the next thirty years . something touching the core of my generation Pakistanis whose exposure The eventual letting out of the airport being at last but not with a heavy hand to history was rudimentary at best , seemed mundane and prosaic more like a gentle touch. modern India held a charm which compared to the adrenalin highs I We settled in to the muted luxury of Taj primarily emanated from Bollywood experienced in the first hour of my and my outer exploration of Mumbai and its impact on the Pakistani arrival in India. started with the sunrise and a cup of lollywood bitten population. The land It is interesting how the first sights and tea, curtains open and looking at the seemed to beckon with the sound of sounds of any alien city seem to take beach in front. If I craned my neck I

on meanings which may not be there could see the banglow named for the people for whom the place has “MANAT'. It is a landmark in Mumbai an everyday reality. For me it was being home to Shahrukh Khan. just the otherwise. The ride to the Taj( the thought that this is how close you can hotel) took place in a very lucid dream get to the dream makers and whether like state where I was aware of the it is worthwhile to look at reality or passing by of roads which sounded too remain in the idyllic state where the familiar .I was aware of the skyline of the city and the quickly disappearing apartment blocks seem to take on an identity quite separate from the city

Sonu Nigam and the face of Shahrukh itself .The spirits of these apparitions Khan . came back from their wanderings The Pakistan international Airlines and each time touched me with a carrier which landed at Mumbai sense of déjà vu . Airport provided another of those born And so I felt that I was finding again again experiences. As soon as I entered what was already inside me. A part of

MUMBAI JEWEL IN THE CROWN

Alia ZafarDirector Human Capital, Wi-Tribe, Islamabad, Pakistan

NIMA eMag -Oct 2012

11

also took me to Goa and the sheer like sixty kilometers but is hardly forty-difference in experience and the five in an auto Mumbai...a city of pathos of the place seemed like I had millions ….a city of slums…a city of visited not two cities in the same intoxicating heights and stinking holes.country but two countries. So is it But I digress again. The ultimate possible to draw conclusions from such experience for me was not the Shrine a large and seemingly conflicting array of Haji Ali nor the marine drive but the of sounds, sensations and facts .How winding streets which stretched and to filter what is real and what seemed stretched and seemed always to lead real but never was. There seems to be me into a place where I had already at all times ebb and flow of the political been before. And time and again the utterances from both sides of the same faces appeared which I had come border and so is there an ebb and flow across not here but in another world, in the relationship that the continent another country. hero is always noble and approachable still holds. The true essence of Mumbai was the and right there when you need him It is difficult to put into words the sense heart beat which I felt throbbing in the most. Was he there? Probably -and did of nostalgia which grips you when you millions running to and fro for eking we attempt at a reality check? No … not look at the Pali Hill area and the out a living, in the slums where the required is it?banglows in Bandra. They seem to look poorest of the poor were not faceless, But is that enough? Does it encompass at you from a past which has more or where the auto rickshaw drivers had a the feeling of being trapped by the less been replaced in Pakistani cities by hearty mischievous laugh out having sheer number of men I actually saw on high rise buildings but reminds one of fun, where the movie stars turned up in one single street at the end of their the movies” Arman”. The Parsi area of posh hotels with the glamorous party work day .All coming out at the same Karachi is probably the closest in crowd, a floating world, fluid, surreal, time , all working in the diamond comparison to these bungalows. The but grounded and firm. The Mumbai is business area and not a single female scenes change quickly like they would indeed the jewel in the crown of India other than the group of six of which I on the cinema screens. Old bungalows, as it sparkles not brightly but was a part. The experience could have large multiplexes, urban middle class consistently with a steady sometimes been unnerving had it not been for the and the slums. The auto ride with the dim, sometimes bright light which is a utter disinterest of this multitude of peculiar language of the driver who beacon for other lost souls gathering men in anything other than getting immediately detects that we are not around it in an eternal dance of life.back to their homes.part of the Indian milieu but cant quite It is difficult to think of India as a whole place us, going at a speed which seems after experiencing Mumbai. My travels

Author is Senior Human Resource Professional, Trainer, writer, Management Consultant and Certified Professional - Hay's Job Evaluation, currently serving Wi-Tribe, as Director Human Capital, Islamabad, Pakistan.Recently she was awarded “HR Professional of the year 'by Asia Pacific HR

thCongress 11 Edition -2012.

NIMA eMag -Oct 2012

12

State efforts in redistribution of wealth which allows individuals to reap the ought to contribute towards the all over the world, translates into ever dividends of their hard work. It is unfair support of the government, as nearly widening tax net, sale of shares in and unjust to 'rob Peter to pay Paul' as possible, in proportion to their publ ic enterpr ises or natura l goes the refrain. Fact is that in spite of respective abilities. The tax each resources, and spending most of it on aversion of all tax paying individuals; all individual is bound to pay ought to be various social programs. Given our countries collect taxes to ensure a fair certain, and not arbitrary. Every tax questionable project management distribution of wealth. Just 22 years ought to be levied at the time, or in the practices and leakages at all levels, ago, this was the heady argument of manner in which it is most likely to be these measures often fail to achieve socialistic republics; but the myth convenient for the contributor. Smith the desired objectives. Taxes, much exploded in late 90s with the demise of considered excise, customs and taxes despised by all, are the foundation of most Marxists regimes. Not that the on profits as either expensive to collect good governance and also key theoretical constructs were wrong, but (excise) or disincentives to produce indicators to the welfare programs run the people running these governments (tax on profits). He reserves harsh by a government to provide for the b e c a m e fa s c i s t s t h e m s e l v e s . words for taxes which occasion the

invasion of privacy, and on the subject of excise he says: "To subject every private family to the odious visits and examination of the tax-gatherers ... would be altogether inconsistent with liberty." Aim was to provide for a just taxation system, where everyone pays as per his capacity with least government intrusion. A study of ancient India, China, Latin America or African nations, reveals that like Adam Smith' propagation; all countries primarily taxed land holding and its annual or periodical yield. Corporate tax came on the scene with industrial poor. These also help to maintain Alternative of course is to accelerate revolution. Looking at the corporate in essential social enablers health, economic growth, thereby ensuring all the West and India, one finds all out infrastructure, transportation and get into some employment as per their efforts to avoid paying taxes and that is education. To have a just regime of capab i l i t ies and earn decent where clever accounting by trained taxes is as much a function of the livelihood. Adam Smith propounded accountants comes in. Corporate taxes governance as to have a just, guidelines when analysing tax regime, are a significant item for revenue responsive and caring government. If in his 'Wealth of Nations'. These generation of the central government. the purpose of taxes is revenue for guidelines are the foundations of most The government gives tax sops to running a welfare state, then what can of tax collection systems, though many improve the performance of corporate be termed as just tax system; and what countries including India were with a view to increase its growth rates is unjust in our country? Many argue collecting the tax even before such and net tax collections. Many studies that a capitalist structure is built on treatises were written. Smith laid on corporate tax reveal that SMEs pay market monitored pricing system, down that subject of every 'State' higher taxes than many mid or large

JUST TAXATION SYSTEM

Col (Retd) KK Sharma

NIMA eMag -Oct 2012

13

significant at Rs 3.6 trillion to the government. One wonders why the total above Rs 9 trillion tx revenues government is so lax on such a as per the last budget. The question p o t e n t i a l l y d a n g e r o u s a n d discussed in various forums is, destabilising fund funnelling. avoidance of taxes while availing all Another form of unjust tax regime is the services of a state. Tax havens are huge numbers of self-employed used by both, individuals and professionals in service sector, corporate. They provide facilities for virtually out of the honest tax people or entities to get around the brackets. By some estimates, Indian rules, laws and regulations. Same direct income tax should be three havens are used to escape tax and times the one collected these days, are also widely used by criminals and provided the population is honest terrorists. Tax havens perpetuate and IT avoidance is made a inequality and poverty, destroy cognisable offence like in the USA. A c a p c o m p a n i e s , a m a j o r democracy, distort markets, and just taxation system consideration of Kelkar committee. undermine financial or economic ought to account for all citizens, Manufacturing sector pays the growth, thus creating poverty on paying as also receiving the welfare highest and financial sector the their land of operation. In India by all largesse.lowest, again hinting at the reason reckoning, billions of fund flow to FII why services sector growth is at comes through Mauritius and the cost of manufacturing sector. But Singapore, but is permitted by the the corporate contribution remains

EDUCATION WITH EMPLOYMENT

& ENTREPRENEURSHIP

ITFT COLLEGECHANDIGARH

Pioneer in Service Industry Management Degree Programs in Northern India

18Yearsof Excellence

EDUCATION GROUPC H A N D I G A R H

ITFT

Estd. 1994

www.itftindia.com

AFTER +2 & GRADUATION BACHELORS & MASTERS UNIVERSITY DEGREE COURSES

• Bachelors in Airlines Tourism & Hospitality Mgt. (B.ATHM)

• Bachelors in Media Entertainment & Film Tech. (BMEFT)

• B.Sc. in Health, Spa & Resort Management (B.Sc. HSRM)

• B.Sc. Mobile Computing & Internet (BMCI)

• BBA in Infrastructure & Real Estate Management (BIREM)

• BBA in Family Business Management (BFBM)

• BBA in Rural Development & Management (BRDM)

• Bachelors in Computer Application (BCA)

• Bachelors in Business Administration (BBA)

• B.Com Professional

• Post Graduate Diploma in Computer Application

• Post Graduate Diploma in Packaging & Distribution Mgt.

• Post Graduate Diploma in Conferences, Event & PR Mgt.

• Masters in Airlines Tourism and Hospitality Mgt.

• Masters in Service Industry Management

• Masters in Information Technology

• Masters in Mass Communication and Media Mgt.

• Masters in Education & Counselling Management

3 years

2 years

After +2

After Graduation

}}

} 1 year

Mob: 09914096708 / 709 / 710

Corporate Office : SCO 1, Level-III, Opp. RBISector 17-D, Chandigarh, Ph. : 0172-2707042 / 44E-mail : counsellor@itftindia.com

Over

30,000Students

Placedby ITFT

NIMA eMag -Oct 2012

14

Dr. N.K. SharmaProfessor in Tourism Management

The Indian film industry has grown was one of the first countries to infrastructure and opening up their multi- dimensional with unique blend experience an increased flow of Indian markets. Both countries have huge of commerce, art, craft, star glamour, tourist traffic due to exposure in Hindi p o p u l a t i o n s a n d l o w m e d i a social communication, l iterary penetration, providing significant adjuncts, art ist ic express ions, room for expansion. performing arts, folk forms and above With consumer wealth on the rise, all a wide- ranging and abiding appeal particularly in India and China, which to the heart, the mind and the have more than 2 billion people conscience. Today, India makes more between them, more Asians are now than 1,000 feature films, every year, traveling in the region. The rise of making it the largest film producing tourism is already encouraging some country in the country. Over 15 million governments to shift their economies people see the films, every day. more towards services, but the trend is Movies have now become cinematic a long-term one, analysts say. In the travel brochures that help sell past 20 years in Asia the focus has been potential and actual motivations of the on industry, in the next 20 years, the film induced tourist. The Push and Pull focus will be on services. Factor Theory of motivation presents In India, tourism is playing a greater films. Following Switzerland, other an appropriate theoretical framework role in driving the services sector, countries such as Thailand, Dubai, in which to examine film induced which, which now accounts almost 60 Austria, South Africa,, Egypt and tourism, from a consumer perspective. per cent of the economy's activity. The Canada have also been making Feature films are often made at service sector in India is growing at concerted efforts to lure Bollywood by significant and identifiable historic or about 10 per cent and in this tourism's offering incentives. The Asian heritage sites such as castles and role is picking up because domestic dominated city of Leicester in the UK manors and gain increased popularity and external tourism are on the rise. had drawn plans to boost film as tourism destinations after the film Tourism is one economic sector in India production. Bollywood blockbusters has been released. In fact it has been that has the potential to grow at a high such as Mohabbatein, Dilwale suggested that some of the special rate and can ensure consequential Dulhaniya Le Jayenge and Kuch Kuch sites actually only become popular development of the infrastructure of Hota Hai have been shot in England, tourist attractions because of the film the destinations. It has the capacity to Scotland and Wales. South Korea has produced on these sites. capitalize on the country's success in just got a taste of Bollywood with Singapore: “Discover” Hong Kong, the services sector and provide Gangster being shot almost exclusively journey through “Incredible India” or

there. Poland is the latest Bollywood head off to “Malaysia Truly India”. Such

host, with a major production, Fanaa, advertising slogans should come as no

featuring top starts Kajol and Amir surprise tourism is gaining importance

Khan. in Asia and helping to reshape regional

Asia Pacific is emerging as a key driver economies more towards services and

of media- entertainment industry away from a traditional reliance on

growth fueled largely by China and manufacturing and exports.

India, both of which are investing The European Alps and popular

heavily in communications and media Bollywood location, so Switzerland

CINEMA: 'VIRTUAL BROCHURES' FOR DEVELOPMENT OF TOURISM

NIMA eMag -Oct 2012

15

sustainable modes of growth. Manila and Shimla as the principal The economic benefits that flow into places for film shootings.the economy through growth of Keeping in view the vast potential for tourism in shape of increased national promoting Cinematic Tourism in North and State revenues, business receipts, India ( J&K, Punjab, Haryana, Himachal employment, wages and salary Pradesh, Uttarakhand, & Chandigarh), income, buoyancy in tax receipts can it is suggested that the North Indian contribute towards overall socio- states should constitute a high level e c o n o m i c i m p r o v e m e n t a n d committee to work out a joint strategy accelerated growth in the country. for projecting North India as an There is symbiotic relationship integrated C inemat ic Tour ism between the entertainment and D e s t i n a t i o n w i t h t h e a c t i v e tourism industries. Both to a large involvement of all the stakeholders extent depend on the natural, cultural such as Travel Agents, Tour Operators, Uttarakhand, J&K with Chandigarh and historical resources for their Hospitality organizations, Transport constitute a unique socio- cultural and sustenance and promotion. The agencies, banks, and other financial geographical unit of the country, rich in entertainment industry especially services, producers & directors, cultural and historical heritage with films have become a powerful vehicle government departments, academics, magnificent landscapes. However, its in promoting a particular destination, researchers, HR Heads , film writers potential for promoting the niche some historical or cultural event. and others. market of cinematic tourism has Northern Indian states of Punjab, remained vastly untapped, except in H a r y a n a , H i m a c h a l P r a d e s h , respect of Himachal Pradesh, with

NIMA eMag -Oct 2012

16

J.S.GOGIAEX- GENERAL MANAGER, C.F.C.L

Someone's wife developed intimacy a new life for her with the changed wisdom. Later on, the same Nazi with someone else, which was a cause perception towards life. soldiers helped him to escape from the of concern for the reputation of the Columbus gave a new sea map to the jail. family. His relatives gathered and world and changed the world Another French philosopher Prof. advised him to ask his wife for mending perception. At the celebration party Andrne escaped from the jail and again her ways. Obediently he tried, but it one person taunted him “Have you find captured by the Nazi after seven days. did not work. After another two the Indies” Columbus asked him, “Can He said, “I was living in fear that I may months, the same thing happened. he make the egg stand on the table”. be caught one day. But now, 'I am living The wife was again reprimanded but 'Everybody tried but all failed. with hope that one day I will be set no result. When third time the relatives Columbus broke the outer shell from free.'again called upon him and told 'Why one side and did the job. Everybody S e v e r a l t h e o r i e s h a v e b e e n does he not worry about?' The person said they can do this way'. 'It is easy to promulgated to induce motivation replied, “Now it does not hurt me follow but difficult to conceive the among employees. Orthodox school because 'Maine Apna Nazaria Badl Liya idea' Columbus replied. For thousand of thought says that the man can be He' (I have changed my perception). years the man had been thinking that motivated by using 'carrot and stick' Earlier I was thinking my wife is going the earth is stationary and the planets method but according to Prof. Stephen to someone, it was painful to me, now I are moving around her. But Nicolus Covey 'The highest level of motivation feel somebody's wife is coming to me”. Copernicus changed the total comes from 'personal contribution'. This is on lighter side of the world. perception when he said 'The earth is He has revolutionized the perception “From where the 'law' comes from, also revolving around the sun'. of motivation.when the advocates say one day “The Newton invented 'Laws of force and In day-to-day life, we become slaves of mood of the judge was so good that he gravity' of the earth mass in one our old belief and perception, which granted bails to everyone he heard inclusive theory. It was Mr. Albert results into mind set. The person with today” or the other day they say Einstein who found the key that every mind set cannot see beyond 'that “Today the judge has not granted bail item of the mass has lot of energy. The something else can be done.' They to anyone. Perhaps he had quarrel matter and energy are exchangeable. always cry that nothing can be done with his wife at home in the morning". He revolutionized the new concept of b e yo n d b a s ed o n t h e i r p a s t The law remains the same. The time, space, mass, motion and experience. In fact, these people live in interpretation changed with mood of gravitation. It was a paradigm shift in their past glory. The innovation and the judge. the way of thinking and belief. The creativity does not have any place in It is not uncommon to see that some entire perception took a new turn. their dictionary. But my friends, I can people are rated par excellent and Prof. Victor Frankl of Austria was tell you confidently that you can see granted promotion out of the way, imprisoned in the death camp where the beauty of the change, if you are while the same persons are down the Nazis were throwing 'Yahudis' in open to change your old thoughts and rated and sometimes lose their jobs the gas chamber. He was highly belief which has maligned your mind. with the change of the boss. The aggrieved on the day when his family You may find the better ways to do the persons remain the same, only members were tortured to death. He same thing differently, you have been perceptions of the boss have changed. spent whole night in mental agony. doing in the past. If it still does not In the musical man of 'La mancha' Don Next day, he came out smilingly with work, tell me in confidence. I will make Quixote slowly changes the self- the theory, “The man has right to it work for you. People have learnt concept of the prostitute and when choose”. 'Nobody can make you 'The Art of Living' by changing their she starts to see and act differently; unhappy until you accept it' He told to perception towards life; you can also she was given a new name 'Delcinea'. Nazi soldiers. This right cannot be give it a trial.This changed her entire life. Now it was exercised by the animals due to lack of

'THE ART OF LIVING' BY CHANGING PERCEPTIONS

NIMA eMag -Oct 2012

17

S.P Singh BhallaConsultant HR/Industrial Laws/Management of Disciplinary systems

Nation called 'INDIA' adored by consciously and otherwise too for profession.thousands of Temples, Gurudwaras, which they have to blame themselves - C o n d u c t t h e m s e l v e s a s a Churches, Mosques; having hosted to only. respectable member of the numerous saints, gurus, priests, Leading the Human Resources forms management committed to Bhagats, seers, sages, has earned complex functional responsibilities Organizational goals.equally dubious distinction of being requiring the incumbent to be - Take keen interest in establishment clubbed with Afghanistan, Congo, tenacious, cool headed, courageous of healthy personnel practices and Pakistan ranked as World's five most with a strong spine and not to stoop development of the profession.dangerous countries for women to too low to indulge in negatives and that - Win confidence and gain respect of live where: too in heinous crimes blindly becoming employers and employees. - Every 20 minutes a woman is 'His Master's Voice'. In the instant - Enhance reputation of profession

raped. in dealing with other professional - Conviction one out of every four bodies, Govt. Departments and

cases. employers ' and employees' - 80% cases remain un-reported. organizations.- 01 woman dies every 07 minutes - Cooperate in maximizing the

d u e t o p r e g n a n c y- r e l a t e d effectiveness of the profession. complications. - Not allow any interest other than

- 30% maternal mortality cases go professional to interfere with the unreported. official work.

Albeit, Indian women have made - Not interfere with the right of quantum leaps to secure level playing association of the employees. with their counter gender in careers. - Maintain confidentiality acquired case, Ms. Arun Chadha, HR Manager of But racing against times in the in the course of professional work. Gopal Kanda's airline since defunct competitive and complex world, they - Not accept or offer any improper now, allegedly actively conspired with resort to short cuts - irretrievable from gratification in any form or manner Gopal Kanda not only in devastating traumatic mis-adventures of their own whatsoever in connection with or Geeta's entire family but also bringing doing at times. in the course of professional work. disrepute to the HR dynamic and Suicide of late Ms. Geetika Sharma, - Not take or acquiesce in any such challenging key driver indispensable former Air hostess of MDLR Airlines action which may bring the soft ware in building the Organizations, accusing the then Haryana Minister, institute and /or the professional be it industry, civil or defence and Gopal Goyal Kanda and his HR into disrepute. enriching the human resources Manager, Ms. Aruna Chaddha have Alas, were the above ethics complied qualitatively. only alerted from the confounding by Ms. Aruna Chadha, HR Manager, all National Institute of Personnel cosmetic declaration “The hand that this could have been avoided. She was Management, Apex body of HR rocks the cradle rules the world” can't no where in her conducting HR professionals has mandated code of be taken at it's face value at best responsibilities professionally; rather ethics for HR professional which these are fine words for a song only. situation of her own making has include to:-Guaranteed that the louts lurk here landed her too behind the bar to face - Recognise and accept dignity of a a n d t h e re , ca m o u f l a ged a n d consequences of criminalities she has human being irrespective of otherwise, to exploit the weaknesses indulged into being a 'yes boss' type.religion, language, caste or creed. of women staff but latter has too fallen Author can be contacted at - Maintain high standard of integrity 'prey' to the lust of the louts, 9815985273and behavior demanded by the

LOUTS LURK TO EXPLOIT THE WEAKNESSES OF WOMEN

NIMA eMag -Oct 2012

18

Exchange Traded Funds (ETFs) are one exchanges like stocks. They allow securities that are in an index; they of the most innovative new financial investors to gain broad exposure to never track actively managed mutual products to emerge from the financial stock markets of different countries, fund portfolios (because most actively industry in the last two decades. Since emerging markets, sectors and styles managed funds only disclose their the launch of the first ETF 1990s, ETFs as well as fixed income and commodity holdings a few times a year, so the ETF have opened a new panorama of indices with relative ease on a real- would not know when to adjust its investment opportunities. The first ETF time basis and at a lower cost than holdings most of the time). Investors created was the Standard and Poor's many other forms of investing. ETFs can do just about anything with an ETF Deposit Receipt (SPDR, pronounced are more transparent than traditional that they can do with a normal stock, "Spider") in 1993. SPDRs gave investors funds as the managers provide the ETF such as short selling. Because ETFs are an easy way to track the S&P 500 portfolio composition to the market on traded on stock exchanges, they can be without buying an index fund, and they a daily basis. bought and sold at any time during the s o o n b e c o m e q u i t e p o p u l a r. ETF is a derivative security that tracks day (unlike most mutual funds). Essentially, ETFs are open-end index an index, but can be traded like a stock. Because it trades like a stock, an ETF funds that are listed and traded on ETFs always bundle together the does not have its net asset value (NAV)

EXCHANGE TRADED FUNDS

Pooja RaniAsstt. Professor

Continental Group of Institutes- Jalvehra

Equity ETFs: Gold ETFs:

Benchmark Mutual Fund:

Banking Index Benchmark Exchange Traded Scheme -

Bankbees.

Hang Seng Benchmark Exchange Traded Scheme

Hangsangbees.

Infrastructure Benchmark Exchange Traded Scheme -

Infrabees.

Nifty Benchmark Exchange Traded Scheme - Niftybees.

Nifty Junior Benchmark Exchange Traded Scheme

Juniorbees.

Psu Bank Benchmark Exchange Traded Scheme -

Psubnkbees.

Shariah Index - Shariabees.

ICICI Prudential Mutual Fun d - Sensex Fund -Spice.

Kotak Mahindra Mutual Fund: Kotak Nifty ETF -

Kotaknifty.

Kotak PSU Bank ETF - Kotakpsubk. Kotak Sensex ETF.

Motilal Oswal Mutual Fund: Most Shares - M100.

Most Shares - M50.

Most Shares NASDAQ -100 - N100.

Quantum Mutual Fund Quantum Index Fund -Qnifty.

Reliance Mutual Fund - Reliance Banking Exchange

Traded Fund - Relbank.

Axis Mutual Fund - Axis Gold ETF - Axisgold.

Benchmark Mutual Fund - Gold Benchmark Exchange

Traded Scheme - Goldbees.

Birla Sun Life Mutual Fund - Birla Sun Li fe Gold ETF -

Bslgoldetf.

HDFC Mutual Fund - HDFC Gold Exchange Traded Fund -

Hdfcmfgetf.

ICICI Prudential Mutual Fund -ICICI Prudential Gold

Exchange Traded Fund - Ipgetf.

Kotak Mahindra Mutual Fund - KOTAK Gold Etf -

Kotakgold.

Quantum Mutual Fund - Quant um Gold Fund - Qgold.

Reliance Mutual Fund - Reliance Gold Exchange Traded

Fund - Relgold.

Religare Mutual Fund - Religare Gold Exchange Traded

Fund - Religarego.

SBI Mutual Fund - SBI Gold Exchange Traded Fund -

Sbigets.

UTI Mutual Fund - UTI Gold Exchang e Traded Fund -

Goldshare.

calculated every day like a mutual worry about researching specific in National Stock Exchange of India. fund does. Their price will fluctuate securities. ETFs being low-cost With regard to Equity ETFs, there are from moment to moment, just like alternative provide advantage of a few Index funds, couple of banking any other stock's price, and an long-term core holdings for sector funds and an international investor will need a broker in order investors. Investors using asset index like Hangseng Bees. Similarly to purchase them, which means that allocation approach find ETFs that in the Commodity ETFs, there are a h e /s h e w i l l h ave to pay a focus on asset classes that have a quite a number of Gold ETFs issued commission. On the plus side, ETFs very low correlation coefficient with by various banks. Presently, there are more tax-efficient than normal the rest of the portfolio. ETFs are also are no Silver ETFs but are expected mutual funds, and since they track excellent vehicles for getting soon. The list shows the Fund house, indexes they have very low operating exposure into gold and precious name of the scheme and the NSE and transaction costs associated metals-related securities, specific symbol.with them. There are no sales loads countries or regions, or specific (Source: or investment minimums required to industries. The most important www.masterandstudent.com/2011/purchase an ETF. consideration, from a suitability .../list-of-etfs-in-india.)

point of view, is the underlying index Uses of ETFs : ETFs can be useful to Author can be contacted at and how it fits in with one's overall investors who want a focused

99143 02526 portfolio and strategy.exposure to a specific industry, poojacchs@gmail.com

region, currency, or asset class at a ETFs in India : The following is the list reasonable cost, without having to of ETFs available in India and traded

NIMA eMag -Oct 2012

19

NIMA eMag -Oct 2012

20

J.N.VohraSecretary General NIMA

To live in modern city of Chandigarh in paradise. There was hardly any place which we, the early residents, 60s was reviving the lost hope and co n gest i o n at p u b l i c p l a c es , could not foresee in 60s. Those belief of some displaced persons from secretariat or high court parking areas persons who walked distances at that West Pakistan. It also uplifted the or at market places. There were no big time now possess cars and consider as prestige of families coming to live here queues in PGI for outdoor patients or low prestige to walk up to market from smaller cities from the erstwhile for beds in General Wards. places even less than half a kilometer Punjab State. away. People living in Chandigarh had come During those days, I visited Chandigarh f r o m v a r i o u s c i t i e s ; m o s t l y Traffic on roads has multiplied in summer and winter vacations and Government servants transferred manifold. One has to undergo during festivals. I was always charmed here, doctors, lawyers, and retired harassment for parking their vehicles with the genius of Le Corbusier, who government servants. Other than at market places at high court and PGI created the layout of Chandigarh on these it was a mix of marginal and with much harassment to public. chess-board pattern with rectangular noteworthy business people and Status of persons is now identified sectors lined up in sequence. with the models of cars, or even with

the car number plates. The early Those were the days when we residents of Chandigarh watch with conveniently walked through Rose remorse and dismay to see this Garden or Sukhna Lake for our evening changing phase of the city beautiful of stroll or going to Sector 22 for window today, which was conceived as a place shopping or meeting friends and of esteem and ease with a well defined acquaintances roaming around at the target population.market places. Sector 17 was not yet

developed except for Neelam Theater T h e w o r s t p a r t i s t h a t t h e and Plaza through which a road passed administration of Chandigarh could for the plying of the bus service. Now not foresee this change. They did not this road has been blocked. plan the roads, the parking places, the

d ra i n a ge syste m s a n d wate r There were hardly any cars moving persons looking for lucrat ive

re q u i re m e n t o f t h e g ro w i n g around or parked at the market places. occupation or for employment. These

population and the slums. Since long Even scooters were possessed by few. people possessed different economic

there has been controversy regarding People walked within the sectors, and social status at the places from

constructing the high rise buildings, going to markets or cycled the where they came from. Residents

since Le Corbusier had said that it will distances. I remember walking to were yet exploring their social life.

block the view of the hills. But who University to visit library and visiting Cinema was the only source of

stopped them to allow these types of relatives residing in other sectors. entertainment. Political personalities

building in the southern sectors. In It may look strange today that in those visiting Chandigarh addressed the fact, the change in the façade of the days Government officials, persons audience at Sector 17 parade ground. buildings in every sector, other than belonging to legal profession and All sort of people, high or low, originally conceived by Le Corbusier visitors and clients, either walked or thronged the place to listen to them. I has added to the beauty of the city. bicycled to reach the secretariat and remember having listened to prime Some other measures should be taken Courts. Rickshaws and bus services minister Sh Lal Bahadur Shastri here to bring the city equivalent to the were available for those who making his speech after the 1965 war emerging culture to make it a preferred to use these paid services. with Pakistan. h a p p e n i n g p l a c e , w h i l e s t i l l There were no cars with red lights on

Chandigarh is significant for the way it maintaining its discernible identity in top, no sirens hurling cars moving was conceived, rather than what it is the core. around. There was little vehicular today. The city has now become a

traffic. The city was pedestrian's

UNSHACKLE CHANDIGARH FROM ITS PAST

NIMA eMag -Oct 2012

21

Panchkula Management Association (PMA) organised an interactive talk on 'how to get

heart attacks' having a connotation as to how to avoid heart attack. The satirical

presentation on the subject was delivered by Dr. Sudhir Saxena, principal consultant and

coordinator, cardiac sciences at Max. Super Specialty Hospital, Mohali. Dr. Saxena said

that more than 70 per cent of the Indian population is susceptible to cardio-vascular

diseases but the alarming revelation is that more and more young population in the age

groups of 20-40 are developing risk to heart diseases due to sedentary corporate

lifestyle having jobs for long sitting devoid of physical activity coupled with high stress

level and dependence on junk food.Dr. Saxena said heart attack symptom is diffused chest pain or discomfort and

breathlessness. People should not live in denial mode taking these symptoms as gas

problem. Obesity, diabetes and hypertension are some of the main causes of heart

diseases. Regular check up is necessary, more so with advancing age and getting your

health monitored as regards sugar level, high blood pressure by doctors is paramount to

avoid heart problems. To stay healthy, you must fully understand your current health

status as well as your risk of developing diseases in the future. Third-leading cause of

death in the world is heart attacks which are preventable and treatable, he added.Dr.

Saxena said that a city does not become modern with its roads and building until the

inhabitant of the city does not become health conscious and provide social and

emotional support to the community for the prevention of cardiac or other health

related events. He said that the best city to live in is Seattle. Every person living in that

city knows how to respond in case a heart attack is reported in the neighborhood or in

the vicinity. A group of well rehearsed people show up at your doorstep for the first aid,

i.e. pumping the chest to save someone's life and shifting you to the nearby hospital.

Many prominent citizens of Panchkula and Chandigarh attended the session, which was

chaired by Mr. Vinay Aggarwal, senior vice president and was summed up with vote of

thanks by Mr. Rajeev Sharma, IAS (Retd.)

Social support to the community can prevent Deaths due to heart attacks Dr. Saxena

EVENTS

While making his presentation, Dr. Vasudeva said that tThe two-day the first “Pakistan-India Management Summit” was jointly

organised by Aman Ki Asha the peace initiative of the Jang Group and the Times of India and Nutshell Forum under the aegis of

Pakistan Management Association and All India Management Association with the aims of establishing relations between top

management practitioners and professional institutions of both the countries. Over 600 delegates had gathered in the historic city of

Lahore to share their management experiences and challenges with a view to accelerating professional acumen and evolving best

practices. A mix of high-profile government functionaries as well as private sector leaders from industry attended the summit.Dr. Vasudeva said that the present trade between India and Pakistan is $2.7 billion and the illegal trade between both the countries in

terms of smuggling is $10 billion. Once the Most Favoured Nation (MFN) status of the WTO is finally granted by Pakistan to India by

December 2012 the trade will increase to $25 billion in the next three years. Liberalisation of visa, trade and transit treaty and other

confidence building measures are already under negotiations between both the countries.He said that the outcome of the summit is that the academia and the industrialists of both the countries are very keen to promote

trade and encourage exchange programme of students and teachers of various streams for the enhancement of their growth. The

time is not far off when both the countries will live in peace and harmony.

Presentation on Lahore Visit by Dr. P.K.Vasudeva

Dedicated towards Skills Development, Employment & Entrepreneurship

NORTH INDIA MANAGEMENT ASSOCIATION

SCO-1, Level III,(Opp. Reserve Bank of India), Sector 17-D, CHANDIGARH - INDIAPhone : + 91-172-2720302, 9814556072, E-mail : nimachd11@gmail.com

nimachd.blogspot.com

www.nimachd.org

Learn

Excel

NIMA

Build

Energizing Young Minds

Knowledge Partner ITFT EDUCATION GROUP-CHANDIGARH