Tuesday 26 June 2007

Boeing hikes plane prices

Boeing Co has raised list prices about 5.5 per cent for all of its airplanes, including the 787 Dreamliner set to debut next month, to keep up with the costs of labor and materials.

"The price increase is generally consistent with the inflation rate for manufactured goods," according to Jim Condelles, a Boeing spokesman.

He said rising labor costs were a bigger factor in the price hike than the cost of raw materials, though both played a part in the company's calculations.

Condelles said that the company generally raises list prices each year to keep up with costs.

As of last Thursday, a new 787 could cost anywhere from $146 million to $200 million, around six per cent higher than 2006 list prices, which ranged from $138 million to $188 million, depending on the model.

Prices for Boeing 737s, which have racked up more than 7,000 orders over more than 40 years on the market, jumped to a range of $50 million to $85 million, from a range of $47 million to $80.5 million in 2006.

Boeing's list prices, based on different configurations for each type of aircraft, are considered the starting point for negotiations with airlines.

The aircraft maker is on track to roll out its first 787 by July 8. Test flights are slated to begin around the end of August.

The company is set to deliver the first plane for commercial service to All Nippon Airways Co next May. Boeing has taken 634 orders for the 787.

Sania to begin Wimbledon campaign

Sania Mirza will begin her 2007 Wimbledon campaign on Tuesday, she has never advanced beyond the second round at the All England Lawn Tennis Club.

The Hyderabad hurricane has not had a very successful run off late. After her return from a two-month injury lay-off, Sania has struggled to find form in her singles game.

Though Sania has climbed the WTA rankings since then and is now ranked 44th in the world.

Sania takes on Yaroslava Shevdova of Russia in the first round later in day

How Toyota develops exceptional people

Leading Toyota authorities Jeffrey Liker and David Meier give you the keps to growing top performers from within through a detailed preocess of preparation, traning, and follow-up. Here are Toyota's secrets to building an exceptional workforce . . .

No one seems to be sure of the exact course of events that led to the development of the Toyota Production System (TPD) as it is today, but we are sure that without highly capable people the current system would quickly disintegrate.

We know that in the early development of TPD, its chief architect, Taiichi Ohno, wanted to press forward with some of this ideas and discovered that people were not ready.

When he went to work to achieve single-piece flow in a machine shop and he needed multiskilled workers, he encountered resistance and learned that he had to be patient and to think about developing people who would be able to support the methods. He could not simply order people to flow the rules (although he was known as being very forceful when necessary).

He needed people with thinking capability because of the challenges resented by the application of his new ideas. In fact, the real purpose of creating flow was to bring problems to the surface, which would force people to think about solving the problems and to help them to develop their abilities.

A select few front-office experts could not possibly deal with all the situations that would surely arise as Ono pressurized the system, thereby forcing failures. He needed capable masses.

The development of capable masses requires a clear plan. It requires time and patience. Above all its takes persistence and the willingness to stick with it and to deal with the individual peculiarities and challenges of each person.

When Taiichi Ohno discovered the importance of highly capable people, he sought a method of teaching that would support his needs. He believed he had found such a tool in the Job Instruction (JI) Method taught by the American occupation forces after World War II.

It has been the primary teaching tool for all of Toyota since 1950s. Today the capabilities of Toyota employees are a hallmark of the company. We often talk to managers of other companies who view the capability of Toyota employees to be some sort of anomaly or option that is open only to Toyota.

The truth is that Toyota does like to start with good people who posses the capability to become exceptional employees. The people whom Toyota selects must have the capacity and desire to learn. Those are the only absolutes. In fact if one were to look closely at Toyota employees, one would find a broad spectrum of humanity similar to that in any other company -- with all the beauty and blemishes found anywhere.

Toyota employees bring to bear issues similar to those of other companies, such as attendance problems, resistance to change, lack of motivation, and even reluctance to accept the philosophy of TPS.

What allows Toyota to be successful in spite of these challenges is the efforts and interest in drawing out the best of the employee's abilities and initiating possible solutions (rather than a shrug and the 'What are you going to do?' attitude we hear from other companies). Perhaps Toyota has recognized the reality of human behavior and limitations, and it has created systems that minimize those limitations or take advantage of human desire.

People are carefully selected to join Toyota based on their potential and a judgment that there is a fit with the job and with Toyota's culture. They must have some general problem-solving capability and be willing to work as part of a team.

People develop specific capabilities after they are hired at Toyota. It is Toyota's expectation that it will mold the individual to fit the needs of the organization as well as support the interests of the individual. It is this mutuality of purpose that leads to more satisfied employees who are able to perform in exceptional ways.

One must not assume that Toyota is completely altruistic in its efforts to develop employees and to provide engaging activities. The objective is to provide benefits for the employees, which in turn also returns benefits to the company.

Toyota often creates situations in which there is an equal balance between reward and punishment in order to encourage the desired behavior. For example, given the critical nature of attendance on the performance of the system, a high emphasis is placed on having great attendance (perfect attendance is preferred).

On the reward side, Toyota Motor Manufacturing Kentucky (TMMK) has an annual award ceremony for all employees who achieved perfect attendance in the previous year (over 60 percent in 2005).

The award ceremony includes entertainment from some top acts in the country including jay Leno, Bill Cosby, and Brooks and Dunn. In addition, each person has his or her name placed into a hat, and 14 winners are drawn, each receiving a brand new car (a mix of Camrys and Avalonds).

To sweeten the pot, each team member with consecutive years of perfect attendance will have his or her name added to the hat an additional time for each year of consecutive perfect attendance.

In 2006 there were more than 400 employees who had achieved 15 consecutive years of perfect attendance (the length of the program)!

On the punishment side, repeated unexcused absences are one of the easiest ways to lose a job at TMMK. The policy is fairly strict and is weighted heavily on attendance history and also the circumstances.

Consideration is given for good reasons, but repeated absences for poor reasons are sure to lead to discipline. A flat tire is not considered a 'good' reason, for example, but the effort a team member makes to reduce the time loss is in his or her favor.

If a team member has a flat tire and misses the entire day, it is not viewed favorably. And apart from the fear of being fired, sitting home while all your team associates are at the big bas hoping to win a car is its own punishment.

Reprinted by permission of Tata McGraw-Hill Publishing Company Limited.

Excerpted from:

Toyota talent: Developing Your People The Toyota Way

By Jeffrey K Liker and David P Meier

Quota dogs Indian girl... in the US

A 11-year old Indian-American girl was denied admission to an elite public school in New York because of a race-based quota system that was established in 1974 following a federal court order.

Nikita Rau's Indian descent came in the way of her entry into the Mark Twain School in Coney Island, an institution that attracts gifted students, as being a minority student meant attaining a higher cut-off mark in the admission test.

"I feel bad because I would have gotten in if I were white," Nikita said. The education officials agreed that it was unfair but said they had no choice but to follow the court order until it is overturned.

The quota system was originally meant to boost the enrolment of minorities. The judge had allocated 60 per cent seats to the whites and 40 per cent to the minority students.

The racial quota was established to achieve desegregation but Nikita's father Anjan Rau, a Brooklyn resident who came to the US from India in 1982, said the situation has changed much since then.

"The country believes in racial equality and we should not face this in America," he told the New York Post.

The family said it was shocked when they found that the school had denied admission to Nikita who scored a 79 in the admission test, when white students with lower scores were admitted and they were considering a possible legal remedy.

Nikita as also her parents are US citizens.

She was classified as minority and needed a score of 84.4 to be accepted but white students with score of 77 were admitted.

UTV Inks Pact With Radaan

UTV Software Communications Limited and Radaan Mediaworks have entered into a Memorandum of Understanding (MoU) to produce films in South Indian languages.

Radaan shall produce all South Indian language films jointly with UTV. Adaptation of any such South Indian movies in North Indian languages shall be produced by UTV jointly with Radaan. A minimum of four films are planned for production this year.

Under the tie-up, UTV and Radaan are currently producing a Tamil film titled Kannamoochi Yenada starring Sathyaraj, Radhika Sarath Kumar, Prithviraj and Sandhya. The film is directed by V Priya and music is by Yuvanshankar Raja. The film is nearing its completion, the press release said.

In the pipeline, UTV and Radaan have planned their next Tamil movie to be directed by K S Ravikumar. Further, UTV has planned to remake the film 7G Rainbow Colony in Hindi and it would be directed by K Selvaraghavan himself.

Ten years on, Hingis still smiling

Back in 1997, Martina Hingis was just 16, winning Grand Slam titles, catching up on her homework and didn't have a care in the world. In her own words, she felt "invincible".

Ten years after her historic Wimbledon win, when she became the youngest ever women's champion in the Open era, the Swiss admits that these days she's just happy to be playing.

"Some days, it seems a long time ago. Some days, it doesn't," said Hingis. "When I look at the pictures of the past champions, I look totally different now. It's been 10 years. A lot of things have happened." Hingis has never been far from controversy and the headlines. Her infamous meltdown at the 1999 French Open final where she left the Roland Garros court in tears was followed, just a few weeks later, by a first round exit at the hands of Jelena Dokic in the first round at Wimbledon.

She also took a two-year injury-enforced break before returning to the tour in 2005 and is now engaged to fellow professional player Radek Stepanek. Even that's a far cry from the days when one newspaper dubbed her the 'Black Widow', a reference to the faltering careers of players to whom she had been linked in her private life.


"I'm happy to be still around and playing. The older you get, probably the more fears you have. I was totally pleased with myself at 17," said Hingis who clinched her only Wimbledon title to date with a win over Jana Novotna.

"You think the world belongs to you. That year I felt like I was invicible," she said.

Seeded nine for this year's championships, Hingis is not even contemplating a second Wimbledon title to go with her career crop of five Grand Slam crowns. "The older you get, the harder it gets. Sometimes simple things make you happy. "Sometimes you realize that not everything is about winning Grand Slam titles." Hingis faces Japan's Aiko Nakamura on tomorrow for a place in the third round.

Ice 'Shivalingam' melting in Amarnath cave

The ice 'Shivalingam' (the phallic symbol of Lord Shiva), which was formed fully this year due to heavy snowfall here, at the holy cave shrine of Amarnath has started melting in view of the hot weather in the cave periphery.

Jammu and Kashmir Governor Lt General (retd) S K Sinha said in an interview to a television channel the 'ice-lingam' was formed fully when he had visited the holy cave shrine recently to take stock of the arrangements for the two-month-long pilgrimage, commencing from June 30.

''There is no control over weather,'' he said, adding only weather God could preserve it for the entire pilgrimage period.

About the controversy over the alleged tampering with the 'ice-lingam' at the cave shrine last year, which had forced the authorities to order a judicial inquiry into the matter, General Sinha said the court verdict had proved that nothing was done with the lingam.

''The controversy is over now, the Governor, who is also the chairman of the Shri Amarnath Shrine Board (SASB),'' said.

This time some measures, such as preventing tourists from throwing things like flowers on the lingam among other things, had been taken, he added.

A pilgrim Surinder Kumar, who returned yesterday after having 'darshan' of the ice-lingam, said one could see it melting as it was very hot in the cave vicinity.

Mr Kumar, who paid the obeisance along with three others from Jammu at the cave shrine on June 23, said the pilgrimage was a dream come true for them.

However, they said the ice-lingam would melt further if there was no change in the unusual above normal maximum and minimum temperatures.

Official sources said the ice-lingam was about 15 to 16 feet in the first week of June due to heavy snowfall in the last week of March. ''However, now it is reduced to only 8 to 10 feet,'' they added.

People in the valley experienced the hottest night yesterday when the minimum temperature was recorded at above 22 degrees Celsius.

Mahant Deependra Giri, the custodian of Charri-Mubarak Swami Amarnath (the holy mace of Lord Shiva), had resigned from the SASB on September 15 last year following the allegations that the ice-lingam was artificial.

The High Court, later, dismissed the writ petition for want of evidence and directed the SASB to take all necessary measures to protect and safeguard the 'Shivalingam'.

Court sentences "Chemical Ali" to death

An Iraqi court on Sunday sentenced to death Saddam Hussein's cousin, widely known as "Chemical Ali", for masterminding a genocidal campaign against Iraq's ethnic Kurds in the 1980s.

A tired-looking Ali Hassan al-Majeed, wearing traditional Arab robes, trembled as the judge read the verdict, one witness said. As Majeed left the courtroom, he said: "Thanks be to God."

Majeed, whose very name once sparked fear among Iraqis, directed a military campaign against the Kurdish north in which chemical weapons were used, villages demolished, agricultural lands destroyed and tens of thousands of people killed.

The court also sentenced to death two former military commanders under Saddam for their roles in the campaign. Two other commanders were sentenced to life in prison, while charges were dropped against the former governor of Mosul province for lack of evidence. Saddam was the seventh defendant, until his execution in December in a separate trial.

Kurds have long sought justice for the so-called Anfal or "Spoils of War" campaign that has left lasting scars on their mountainous region. Prosecutors say up to 180,000 people were killed in the seven-month "scorched-earth" operation in 1988.

The populations of entire villages disappeared.

Majeed was viewed as Saddam's main enforcer, a man with a reputation for brutality who was used by the president to crush dissent. He also played a leading role in stamping out a Shi'ite rebellion in the south after the 1991 Gulf War.

During Anfal, thousands of villages declared "prohibited areas" were razed and bombed. Thousands of villagers were deported, many executed.

Mustard gas and nerve agents were used to clear villages, earning Majeed his grim nickname "Chemical Ali". Many of those killed in the poison gas attacks were women and children.

Sivaji collects $ 5.5 lakhs in UK

Super star’s Sivaji has lived up to the hype that was created and the nation is riding on its wave. As per the latest reports the film is doing very well in most places and is creating records all over. In the domestic sector, it is establishing itself as the numero uno. In Kolkata, for the first time in the history of Tamil cinema, Sivaji has been released in four theatres in the Bengali city.

As regards the overseas segment, cash registers are ringing in the United States but the official numbers are yet to be received. In South Africa the film is releasing this week. For the audiences of this nation, Rajini is already a household and a favorite name with the tremendous victory of Chandramukhi some time back. In Malaysia Sivaji is in the second week and is in second position next only to Fantastic Four. In Japan where he has a huge fan base, the film will hit the theatres this week and is expected to do well going by the past history of his films here. In the United Kingdom the film is in the 12th position and has grossed around US$ 5.5 Lacs.

PCB to sign Whatmore as coach

India's loss seems to have become Pakistan's gain.

The PCB has in principle decided to sign on Australian Dav Whatmore as its national coach but will make an official announcement in a week's time.

The PCB has apparently already discussed the details of the contract with Whatmore and will be paying the Australian a higher salary than what they were paying Bob Woolmer.

Whatmore for his part has said he was impressed with the spirit of the Pakistani players and their eagerness to learn.

Stars launch 'Travelex program' in UK

Adam Gilchrist bowling right arm medium-fast, John McEnroe having a go at a rugby drop-kick, Jonny Wilkinson engaging in a tennis rally and Brett Lee banging one in not with his right-hand, but with the racquet face.

No, it wasn't another one of those 'Sports Crazy' shows, but the launch of a new coaching initiative in England.

They all were part of the fantastic four of the Travelex sport exchange in London, which will give talented British athletes the chance to travel and learn from top overseas coaches.

However, the sight of Brett Lee back to his smashing best would have heartened the cricket fans among them.

"The way I look at it, yeah, I have missed a fair bit of cricket. I missed the World Cup and obviously the series in New Zealand prior to that," said Brett Lee, Australian cricketer.

"But what I've done to my ankle, the way I've had it fixed up, the way it feels now, and with my body having a rest, it's going to add an extra year onto my cricket life hopefully," he added.

Entertainment package

This was a rare sight though - Adam Gilchrist showing another side of his game. Gilly is now quite enthusiastic about the other version of one-day cricket as well.

"I was a bit sceptical about Twenty20, I must admit - initially, and then the concept of a World Cup. But look, it's here to stay now and it's a great package and it's a great entertainment package, and it seems to be a game that incorporates the crowd and the audience that are watching it so," said Adam Gilchrist, Australian cricketer.

"There was a bit of criticism about our World Cup in the West Indies - as a cricket group - that perhaps they alienated the crowd a little bit and didn't involve them as much as they could have," he added.

Feisty Mac, never one to shy away from a new challenge, put his best foot forward under the eagle eye of Jonny Wilkinson. But he believes the challenge of beating Roger Federer at Wimbledon is an unenviable one.

"Well obviously the law of averages is going to come down on someone else winning it. But the way he's performed on grass, it's hard to imagine someone being bale to do that in three sets," said John McEnroe, 7-time Grand Slam Singles Champion.

Jonny Wilkinson too tried to find out how life was on the other side of the net, but the evening couldn't really be complete without a McEnroe moment.

Wrestler Chris Benoit found dead

In a major blow to the World Wrestling Entertainment, WWE superstar Chris Benoit was found dead on Monday along with his wife and son at their home in Fayetteville, USA.

The local police said they are investigating the deaths as a murder-suicide, adding that it could only be confirmed after the evidence is examined by a crime lab.

One television station reported that the police believe Benoit, 40, killed his wife Nancy and 7-year-old son Daniel over the weekend, then ended his life on Monday.

The bodies were found in three separate rooms by the police.

Benoit was a former WWE world heavyweight and intercontinental champion. He also held several tag-team titles during his career.

'WWE extends its sincerest thoughts and prayers to the Benoit family's relatives and loved ones in this time of tragedy,' the WWE said on its Web site.

Benoit wrestled for the last time last Friday, June 19, defeating Elijah Burke to be a contender for the vacated WWE championship. He was scheduled to face fellow contender C M Punk, but was absent because of a 'family emergency.' His replacement Johnny Nitro went on to become the world champion.

Paris Hilton released from L.A. jail

Paris Hilton left jail Tuesday after a bizarre, three-week stay in which the hotel heiress was briefly released to her Hollywood Hills home, then sent screaming and crying back to a county lockup.

The 26-year-old celebutante walked out of the all-women's jail in Lynwood to an enormous horde of cameras and reporters after midnight. She had checked into the jail, largely avoiding the spotlight, late June 3 after a surprise appearance at the MTV Movie Awards.

Hilton smiled as she left the jail, her blonde hair pulled back in a ponytail. Her parents, Kathy and Rick, met her in a black SUV as cameras snapped pictures and Hilton, wearing a gold blouse with white trim over a white shirt and black slacks, waved to the crowd.

She didn't say anything, and it wasn't immediately clear where she was going.

"She fulfilled her debt. She was obviously in good spirits. She thanked people as she left," said sheriff's spokesman Steve Whitmore.

Hilton will complete her probation in March 2009 as long as she keeps her driver's license current and doesn't break any laws. She can reduce that time by 12 months if she does community service that could include a public-service announcement, the city attorney's office has said.

Hilton began her 45-day sentence for violating her probation in an alcohol-related reckless driving case. She was mostly confined to a solitary cell in the special needs unit away from the other 2,200 inmates.

She spent only three days there and was released with electronic monitoring by Sheriff Lee Baca for an unspecified medical condition that he later said was psychological. The following day Superior Court Judge Michael T. Sauer, who sentenced the hotel heiress, called her back into court and ordered her returned to jail, saying he had not condoned her release.

Hilton left the courtroom in tears calling for her mother and shouting, "It's not right!"

She was then taken to the downtown Twin Towers jail, which houses men and the county jail's medical treatment center, where she underwent medical and psychiatric exams to determine where she should be confined.

Hilton's stay there cost taxpayers $1,109.78 a day, more than 10 times the cost of housing inmates in the general population.

The move by Baca caused a firestorm of criticism over whether the celebrity was getting special treatment. The Los Angeles County Board of Supervisors has launched an investigation into whether the multimillionaire received special treatment because of her wealth and fame.

At least one person has filed a claim against the county alleging she "had serious medical issues" but was treated much worse than Hilton.

A few days into her stint at the Twin Towers medical ward, the heiress revealed in a phone call to Barbara Walters a new outlook on life.

"I used to act dumb. It was an act. I am 26 years old, and that act is no longer cute," Hilton said during the call, according to an account posted June 11 by Walters on ABC's Web site.

"It is not who I am, nor do I want to be that person for the young girls who looked up to me," Hilton was quoted as saying.

Hilton's path to jail began Sept. 7, when she failed a sobriety test after police saw her weaving down a street in her Mercedes-Benz on what she said was a late-night run to a hamburger stand.

She pleaded no contest to reckless driving and was sentenced to 36 months' probation, alcohol education and $1,500 in fines.

In the months that followed, she was stopped twice by officers who discovered her driving with a suspended license. The second stop landed her in Sauer's courtroom, where he sentenced her to jail.

Relish the magic of water in your courtyard

Water feature landscaping is enjoying immense popularity as homeowners incorporate waterfalls into garden pools, writes T. Nandakumar.

Dual role: The water in a fountain acts as a natural humidifier, moisturising the air.

The gurgle of a waterfall, the trickle of water cascading into a pool, the gush of a fountain, the sparkle of sunlight on the spray – it’s easy to be enthralled by the beauty and sound of moving water.

The capital city has a number of fountains in public places such as the Kanakakunnu palace, the museum grounds and the Legislature complex. But unfortunately, most of them are either in disuse or are seldom operated. The dysfunctional fountain inside the museum boasts of a cast iron spout and a cement tank with underwater lighting.

The old fountain on the north of the Kanakakunnu palace grounds was dismantled for renovation works. a new one with a number of spray heads has been installed but this one too is seldom operated. The children’s park by the side of the Observatory hills boasts of a series of cascading waterfalls and fountains. But except during the festival seasons, the system is not operated.

Aural charm

Apart from the visual and aural charm, there is something else about a fountain that makes it so attractive. Chances are your knowledge of ions are confined to the textbook at school which describes them as electrically charged molecules found in abundance in the atmosphere. Scientists now tell us that some of these minute particles are capable of easing tension and making us feel refreshed. Thousands of experiments in ionisation support the conclusion that proliferation of negative ions in the proximity of a waterfall, a windswept beach or the gushing fountain in the midst of a bustling urban centre leaves a beneficial impact on physical and mental health.

It is also the reason why a thunderstorm leaves the air fresh, clean and invigorating and most of us feel at peace with the newly washed earth because lightning leaves a tranquilising overdose of negative ions that ease tension and leave us full of energy. The fact that the Niagara falls is the most stupendous negative ion generator in the world may be the reason why it has been a honeymooners’ paradise for almost as long as the area has been accessible.

Leave all the theory of ionisation to the scientists, anyone who has experienced it will tell you that all it takes to unwind after a hectic day is to relax in front of a softly gurgling fountain, enjoying the play of light and colours through the spouting water.

Soothing backdrop

Relaxing and soothing, water sounds add a calming backdrop, ideal for rest and meditation. The water in a fountain acts as a natural humidifier, moisturising the air.

Fountains are emerging as a popular feature in large gardens as well as back yards and inner courtyards of office complexes and houses in the city. The pleasant flow of water helps block background noise and enhance the tranquility and peacefulness of the premises. The basic constituents of a fountain are a water reservoir and an electric pump, generally contained inside the feature. Filters are used to ensure water quality and prevent turbidity. Underwater lights or skylights that bring in natural light add drama to the scene.

Outdoor cascades which simulate a natural waterfall look and feel great in any garden or backyard. Water flows down in sheets as it makes its way into a large pool.

Landscape feature

Water feature landscaping is enjoying immense popularity as homeowners incorporate waterfalls into garden pools and courtyards. Integrating a water feature into landscape design can be a daunting task, but prefabricated products are available. Fountains, waterfalls and cascades can be manually constructed using a variety of natural and synthetic materials like polysterene, rock, granite or concrete. Waterfalls can be built to cascade over rocks into a pool. A skilled landscape architect can blend a water feature into the design of a garden or courtyard with minimum manipulation of the elements.

A water feature can include fish and also attract birds to a garden to provide hours of entertainment for those with a fascination for living things.

Plaza Centers’ project in Thiruvananthapuram

Europe-based property developer Plaza Centers has acquired about 10.78 acre land Thiruvananthapuram Rs.106 crore. The land was acquired in a 50:50 joint venture with a leading Indian property developer, Plaza Centers said in a release. “This transaction further demonstrates Plaza’s ambition to expand its activities beyond central and eastern Europe,” Plaza Centers CEO Ran Shtarkman said.

The company intends to use the plot to develop a project totalling 2.1 million sq ft, comprising a shopping- cum-entertainment centre with a total area of about 7.2-lakh sq.ft., an office complex of 9.7-lakh sq ft and a hotel of 4-lakh sq ft.

Development dynamics

Collection of 36 essays surveying the current thinking on global economic development


ADVANCING DEVELOPMENT — Core Themes in Global Economics: George Mavrotas, Anthony Shorrocks — Editors; Palgrave Macmillan, Handmills, Basingstoke, Hampshire, RG 21 6XS.


This book opens with a perfunctory foreword by Amartya Sen, who as one of the founders of the World Institute for Development Economics Research (WIDER) in Finland 20 years ago, claims part responsibility for the name of the institute. It was intended to have a broad area of research in development economics. It demonstrates that WIDER has achieved this objective in the first 20 years of its existence. The flavour of this broad approach is given in this review.

It is difficult to understand who the book is meant for. It has 36 essays that range from country experiences to conceptual themes, many of which are not easy reading. It is a book that will certainly grace library shelves and be occasionally referred to for one or the other of its essays. That is a pity since it contains excellent essays on the dynamics of economic development.

The essays are categorised under seven parts: four essays each on development economics in retrospect; inequality and conflict; human development and well-being; globalisation; three on development finance; five on growth and poverty; seven on development strategies, and six on development economics in prospect.

Development paradigm

It traces the broadening of the definition of development that moved from GNP growth as objective, to growth and employment, satisfaction of basic needs, and now to enhancement of human welfare and the reduction of multidimensional poverty to be achieved through a pattern of pro-poor growth. At the same time development theory moved from one-sector models to dualistic ones, distinguishing between urban and rural sectors; to distributional issues and measurement of poverty; structural issues giving way to the role of institutions and markets in the development process; and planning being replaced by markets as the engines of development with a minimisation of the role of governments.

It argues for heading off disasters before they happen, through enlightened and visionary leadership. However, it accepts the role of chance and participatory decision-making as well as the availability of funds. India has travelled this route. Markets, globalisation, incentives, and private sector, are common parameters for measuring and stimulating development today. We now add social indicators as part of development strategies. India’s experience shows that human development will not naturally accompany economic development without special measures by government.

Need for integration

In this context the meaning of economic development as the reduction of deprivation, discrimination and conflict leads to the need for policies that integrate economic development with human rights and conflict reduction.

One essay perceptively argues that some inequalities are maintained by laws of property and economic relationships; land ownership deriving from colonial times; operation of legal systems and international law. It resurrects Thomas Paine’s innovative proposal on equality by giving each young person a capital sum to make a start in the world and an annual pension beyond age 50.

Another essay points to botched liberalisation and regressive tax reforms in some developing and transition economies that have affected health and health inequality. A causal spiral is traced from inequality to corruption (and back again) and from both inequality and corruption to lower levels of trust.

Human security in the form of freedom from want and fear are interrelated. Interdependence of political, security, economic and social aid activities needs to be better acknowledged and international donors should support a more integrated and unified framework for planning political, security, humanitarian, economic and development activities at a country level.

The book should have acknowledged the critical role played by Mahbub-ul-Haq who initiated the annual Human Development Report of the UNDP. The Human Development Index that this Report created is a benchmark for countries for their development. It has since been used to measure human development at local levels (in India, states, districts, even villages).

The Sachar Report on the human development indicators of Muslims is a child of these measurements. The NCAER conducted large-scale surveys to measure human development by states and for Scheduled Castes, Scheduled Tribes and the majority-minority in each state (for example, Muslims in Uttar Pradesh).

These disaggregated measures are useful for evolving policies that aim at including all social classes in the gains from development.

Social capital

The essays argue for investing in health for economic development: an analysis of health expenditures in different countries shows that there is much room for improvement both in efficiency and equity. There is found to be a straightforward positive effect of aid on development outcomes, contrasting with existing literature showing mixed results about impact of aid on per capita GDP. This is perhaps because the authors of this essay look at the effects of aid on human development, unlike others who do so only at labour productivity.

Social capital is defined as informal institutions that are codes of conduct and conventions of behaviour. An interesting distinction is made between “deep” and proximate determinants of development affecting factor accumulation or total factor productivity affecting incomes. “Deep” in this context refers to underlying norms, as against the easily visible ones like institutions and procedures. The better demographic indicators for Muslims in India despite low economic status and literacy may be due to such a “deep” determinant.

The vastness of this book’s coverage makes it impossible to do justice to its contents. Despite its length, the book is an excellent survey of the thinking on development.

Jobs aplenty in sunrise areas

An ASSOCHAM study says certain sectors such as retail and IT-Enabled Services will lead the employment boom in India, reports Abdul Latheef Naha

It is boom time in India. The country’s economy is poised to touch double digit growth after achieving the 9.2 per cent mark in the current fiscal. The credit for engineering this robust growth goes chiefly to manufacturing and services sectors. The brisk pace of the country’s economic growth is set to throw open innumerable job opportunities for the youth. But little is heard about the new career alternatives from the campuses of our 200-odd universities, incl uding over 100 general universities, a dozen science and technology universities, 30-plus agricultural universities, five women universities, 11 language universities, and 11 medical universities.

New thrust

A recent study conducted by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) has found that sectors such as retail, aviation, hospitality, entertainment and brokerages will get paramount thrust in the next few years. A vast array of opportunities will be generated in these so-called sunrise industries. The study on ‘job opportunities in emerging sectors’, brand-named the ASSOCHAM Business Barometer (ABB), has revealed that a wide information gap exists for the students aspiring for rewarding careers. Says Venugopal N. Dhoot, president of ASSOCHAM: “Our ABB is aimed at bridging the information gap for students thronging the university campuses. The students, as also their parents, are well advised to seek admissions in those areas where opportunities exist than making a beeline to a selected courses.”

The ABB assures that Information Technology (IT) and IT-enabled Services (ITeS) will continue to hire manpower most aggressively in the years to come. Having hired a workforce of nearly 1.63 million by March this year, IT-ITeS has proved that it has been the biggest employment sector in recent times. The IT-ITeS industry is projected to require 50,00,000 technology professionals in three years.

K.R. Srivathsan, Director of the Indian Institute of Information Technology and Management-Kerala (IIITMK), Thiruvananthapuram, says that most emerging sectors need people with capacity to work in unique environment. “Our management schools need to re-orient themselves towards meeting that requirement,” he says. He says logistics management in all sectors should be taught in a more sensitive manner. It should get priority in the changing scenario, Dr. Srivathsan says.

Skill levels

Apart from the highly skilled engineering jobs, Business Process Outsourcing (BPOs), Knowledge Process Outsourcing (KPOs) and more recently Legal Process Outsourcing (LPOs) have been offering a variety of jobs requiring different levels of skills. The $9.5-billion BPO industry may employ close to 23,00,000 people by 2010, the ABB study says. Following the BPO success in India, the global companies have begun to increase their presence in the knowledge processing. KPO industry is currently worth three billion dollars and is projected to scale up to $12 billion in three years.

After BPO, the KPO industry is emerging as a lucrative job destination for the youth. KPOs, which require high-end skills and intellectual attributes, will throw job opportunities in the higher pay-scale category. According to ASSOCHAM, the players in the KPO sector are looking to hire professionals for financial analysis, equity research, treasury operation, credit decision processes and accruals services among others. The segment is set to create 2,50,000 jobs by 2010, hiring workforce from a range of backgrounds from science, engineering, law, accounting, pharmaceuticals to technological streams.

Although at a nascent stage, LPO is projected to grow fast owing to a significant cost advantage in India. ASSOCHAM says that LPOs will generate about 79,000 jobs by 2015. At present the processes being outsourced to India include patent application drafting, legal research, pre-litigation documentation, advising clients, analyzing drafted documents, writing software licensing agreements and drafting distribution agreements.

According to Sanjay Kamlani, co-CEO of Pangea3, a global leader in LPO, the entire global legal market is now open to Indian law professionals.

The retail sector

ASSOCHAM study underlines that high consumer spending has spawned a huge interest in the largely unorganised retail sector.

It is estimated that the retail sector will add $14 billion in terms of market size by 2010 to cross $21.5 billion. Considering the size and the purchasing power of the Indian consumer, it is only a matter of time before our domestic retail industry catches up with its Western counterparts. India is in the midst of a retail boom. Some business schools, according to P. Mohan, head of the Department of Commerce and Management Studies, Calicut University, have begun to respond to the retail boom. “Retail management has been added to the MBA curriculum,” Dr. Mohan says.

The ABB study says that retail is expected to create the maximum number of job opportunities among the upcoming fields after IT-ITeS. The forecasts suggest that the sector may produce 20,00,000 jobs by 2010 directly through retail operations.

Aviation, other sectors

The aviation sector in India is growing at a whopping 25 per cent per annum, creating abounding job opportunities.

Openings would be generated in the areas of flight dispatchers, cabin crew, airline managers, airport managers and ground handling personnel as well. The industry would create 2,00,000 jobs by 2017.

With the business travel increasing at a rapid pace and Commonwealth Games round the corner, hoteliers are in the expansion mode. The sector would need a fresh workforce of at least 94,000 by 2010-11. HR managers are looking to hire graduates from home science, commerce, physics and engineering for the sector. Bollywood-driven music industry including expanding reach of FM is leading to expansion of the entertainment sector in a big way. Besides, the content creating firms for the television have grown manifold. The animation industry has grown by over 30 per cent on year-on-year basis in the last three years and looks promising in the time to come as well. The segment alone would need close to 3,00,000 professionals by 2009, says the ASSOCHAM study. Growing at more than 10 per cent for the past three years, Financing, Insurance, Real Estate and Business Services have outpaced overall GDP growth. With investment and banking companies growing at a rapid pace there would be many vacancies in retail banking, asset management and financial management.




Pilferage at airport raises security questions

Meeting to review internal security arrangements


Casual workers alleged to be behind thefts
Contract workers deployed by outsourcing agencies

Thiruvananthapuram: Increasing incidents of pilferage from the baggage and personal accessories of passengers arriving at the Thiruvananthapuram international airport have put security personnel on high alert.

Although pilferage from unaccompanied baggage is common at airports across the country, the rising incidents of theft of costly items from the cargo-hold area near the high security tarmac and airport terminal buildings have raised concern.

Recently, the mobile phone of the son of a Minister was reported missing at the international airport.

Thefts on the rise

Airport sources said incidents of theft of valuable items such as mobile phones and gold ornaments from hand baggage were on the increase.

Last week, a casual loader was caught stealing soaps from the baggage of a passenger who arrived at the airport.

Airline sources said the casual workers deployed by three outsourcing agencies for Air-India and Indian were involved in the thefts.

Over 150 workers are deployed by these three agencies for traffic duty and loading and unloading of baggage at the international airport.

Three loaders of a Gulf-based airline were recently caught for pilferage from the baggage loading area.

They were terminated from service and the police registered a case.

Airport sources said it was very easy for casual loaders to smuggle things out of the airport.

Many pay Rs.10,000 to Rs.50,000 to outsourcing agencies to get a job on contract at the airport. Airport sources said many causal loaders who were expelled from the airport for pilferage and indiscipline often regained their jobs by paying money to these outsourcing agencies.

No check of antecedents

Lack of a system to check the antecedents of those recruited comes handy for these youth.

Airport sources said the contract workers are barred from entering the security hold area of the airport and have to deposit the passes after duty hours.

Contract workers found entering the terminal building after duty hours are fined Rs.500. Many passengers do not complain out of sheer ignorance. The airlines do not bother to supervise the outsourcing agencies.

A top official of the Airports Authority of India (AAI) told TheHindu that a meeting would be convened later this week to plug the loopholes and review the internal security arrangements at the airport.

The meeting would be attended by representatives of the airlines and law enforcing agencies.

The agencies have been told that contract workers caught for attempting pilferage would be handed over to the police.

Beypore declared e-literate

The Kerala Industries Minister, Elamaram Kareem, will declare Beypore grama panchayat as e-literate at a programme to be held at the grama panchayat office premises today. The programme is being organised by the Akshaya Computer Literacy Project.

Vigilance team to begin probe in Munnar

To investigate unauthorised land records


Team to also probe wealth amassed by officials

To hold parallel probe in cases already with CB


MUNNAR: A special Vigilance team led by Siby Mathew, Additional Director-General of Police (ADGP), arrived in Munnar on Monday to conduct a probe into unauthorised land records and the role of Government officials in the preparation of fake records. The team will also look into the issue of wealth amassed by some Government officials disproportionate to their source of income.

This is the first visit of the team to Munnar to get a first-hand knowledge of the issue. The team is expected to be here for at least a week. The special team was formed on the basis of the recommendations of a report submitted by Nivedita P. Haran, Principal Secretary, Revenue, who had found prima facie evidence of the connivance of Government officials in the preparation of fake documents in Munnar.

The first day was spent mostly in discussions with the local officials from Revenue, Vigilance and also senior officials of the Revenue Department. According to sources, the team has been given clear guidelines by the Government and is expected to hold the investigation on the basis of the findings of the earlier reports submitted by various Commissions on the issue of illegal land dealings in Munnar. It is learnt that the Vigilance team will hold parallel investigations in cases already with the Crime Branch in this regard. These cases were handed over to the Crime Branch by the Special Investigation Team after it was found that there were illegal dealings.

The Vigilance team will probe the role of Government officials in these dealings, it is learnt.

Call to adopt new culture in housing

Kerala Forest Minister Benoy Viswom, who is also in charge of Housing, has directed the Nirmithi Kendra to make democratic interventions in the field of housing so as to bring about a new culture in the area..

The Minister was inaugurating a workshop on housing organised by the Nirmithi Kendra here on Monday. He said the Nirmithi Kendra should be able to construct habitable houses at low cost and in a time-bound manner for victims of natural calamities. He described Laurie Baker, who constructed low-cost houses that were suited to Kerala’s climatic conditions and topography, as a visionary. The realisation of this had led to the setting up of the Laurie Baker Nirmithi Training and Research Institute. A programme to impart latest developments to construction workers would be launched this year.

Kerala Gazette goes online

The Kerala Gazette has gone online. All notifications and government orders published in the gazette can now be viewed on the portal www.egazette.kerala.gov.in.

With this, Kerala has become the first State to offer the facility. Notifications in Malayalam and English can be viewed on the site. The online version will also have an archive of five back issues. Chief Minister V.S.Achuthanandan inaugurated the online version of the gazette here.

Director of Printing M. Archangelo said the online version of the gazette was conceived and executed with the objective of making it easier for the public to access information on notifications and government orders. “A publication in the gazette is mandatory for various official purposes like a change of name or religion, correction of caste or issue of heirship certificate.

As many as 2600 copies of the printed gazette are published every Tuesday. A copy is priced at Rs.64. The online version of the gazette will be available on the site on Tuesday itself.

The public can download the information from the portal.

SRK inaugurates new section in Warwick Castle


Reader Murtaza Nalwala spotted Shah Rukh Khan [Images] at Warwick Castle, Britain, on June 20. The actor had visited the place to inaugurate a new section of the castle, called Dream of Battle.

The actor was in UK along with his family.

If you encounter/meet/see film or television personalities, take a photograph or a video of the star(s), please scan the photograph(s) and mail the pictures and video clips to us. We will feature the best images and video clips right here on Rediff Movies.

Henry completes 24-million euro move to Barca

France [Images] striker Thierry Henry [Images] completed his 24.0 million euro ($32.30 million) move from Arsenal to Barcelona on Monday.

Henry, who turns 30 in August, was unveiled at the Nou Camp after passing a medical and putting pen to paper on a four-year deal with the Primera Liga side.

"Thierry Henry is a player we've been after for many years and now he's here," Barca president Joan Laporta told a news conference.

"Johan Cruyff wanted to sign Thierry Henry for Barcelona when he was a young player. When I was elected president in 2003 I wanted to sign him, we also wanted to sign him last year and today it is a great pleasure to see him here.

"He is one of the best players in the world and given his quality, experience and commitment he comes to Barcelona at the perfect time."

Barcelona were denied a third straight Primera Liga title on the final day of the season a week ago, losing out to arch-rivals Real Madrid on head-to-head results.

A great deal of soul-searching has gone on since then after a season with no silverware, and the club has moved quickly to strengthen the squad and appease the fans.

Henry was the focal point at Arsenal and their top scorer in four of the five Premier League seasons between 2001-06, though he spent much of the last campaign sidelined with injury.

He turned down a move to Barca and signed a four-year contract with Arsenal after they lost to Frank Rijkaard's team in the 2006 Champions League final in Paris.

At Barca, Henry faces the prospect of having to find a place in the one of the most feared forward lines in European football, which includes Cameroon striker Samuel Eto'o, Brazil [Images] playmaker Ronaldinho [Images] and Argentina winger Lionel Messi [Images].


Tamil director Jeeva dead

Popular Tamil director Jeeva died of a heart attack in Russia [Images] yesterday, June 25. He was 44.

He had gone to Russia for the shooting of his new film, Tham Thoom.

Jeeva, who directed the Tamil movie 12 B and latest hit Unnale Unnale, also worked as a cinematographer in several movies, including Kushi and Vaali.

He is survived by his wife and two daughters.

Angelina Jolie’s movie a remake of Roja?

A Mighty Heart, a Hollywood movie recently had its red carpet premiere in Cannes. The movie’s main protagonist is Angelina Jolie, and is ably supported by the Hindi actor Irfan Khan(who appeared in this years blockbuster Namesake). The movie is based on the kidnap and eventual murder of Wall Street journalist Daniel Pearl by terrorists in Pakistan.

The brutal murder and the posting of the gruesome clip on the internet as proof of Pearl’s death had shaken the civilized population around the world. That is why the subject is as disturbing today as it was in 2002.

But the movie is not focused on Daniel Pearl, it is following Daniel’s wife played by Angelina Jolie. Jolie’s character tries desperately to rescue her husband from the terrorists. A woman trying desperately to save her hostage husband from a terrorist group doesn’t it sound familiar? Yes it has a striking resemblance to Mani Ratnam’s Roja. And Irfan Khan who plays a strict police officer helping Angelina Jolie seems to have more than just a resemblance to Nasser’s character. Mani Ratnam will be the only right person to give a final word on this. However the authenticity of the tragedy that the movie is based on has not been lost at any point. The movie opened in the US this weekend, and has received some very positive reviews from various quarters and even though the Academy awards are a good eight months away there is already a buzz around A Mighty Heart being destined for mighty things. The movie has been co-produced by Brad Pitt.

Shriya dropped from Kamal’s next project

Kamal Haasan’s Dasavatharam is shaping up very well and has been receiving accolades from all quarters. With the movie nearing completion, Kamal is gearing up for his project. The grapevine has it that discussions are on for his next venture, to be produced by London Karuna’s. The team is in the process of selecting the director and the heroine.

While rumors are afloat that Trisha would be sharing the screen space with the Ulaga Nayagan, sources close to the team said that the first choice for the role was the “Sivaji” heroine Shriya. It seems that Shriya demanded a whopping Rs. 65 lakhs to star in the movie about which the producer was unhappy with.

The discussion regarding the director selection is kept a closely guarded secret. However, director P. Vasu’s name is being constantly mentioned during the meeting, according to reliable sources. When a few well wishers of the director were asked to confirm if this was true they said that P. Vasu would be happy to get such an opportunity.

Sania 44th in WTA rankings

Her not-so-impressive build up to Wimbledon notwithstanding, Sania Mirza's [Images] ranking improved by a couple of rungs in both the singles and doubles WTA charts released on Monday.

The Indian ace, who crashed out in the first round of last week's Ordina Open, rose to 44th in the singles list while her doubles standing also improved to 40th.

The 20-year-old Hyderabadi opens her campaign at the All England [Images] Club against Russian Yaroslava Shvedova.

Though grass remains Sania's favourite surface and she starts as favourite against the 80th ranked Shvedova, the Indian's recent form makes it a tricky opener for her.

Sania would be teaming up with Israeli Shahar Peer in the women's doubles and Mahesh Bhupathi [Images] in the mixed doubles.

Meanwhile in the ATP doubles rankings, Leander Paes [Images] dropped a rung to ninth, while Bhupathi remained static at 20th.

Paes will continue his partnership with Czech Martin Damm at Wimbledon where the duo has been seeded fifth.

The pair finished runner-up at last week's Ordina Open.

Bhupathi would also continue to partner Czech Radek Stepanek at the All England Club and the combination has been seeded 11th.


Jayawardene landmark as Sri Lanka take command

Captain Mahela Jayawardene [Images] became the second highest run-scorer in Sri Lanka's [Images] history, putting his team in total control after the opening day of the first Test against Bangladesh on Monday.

Spinner Muttiah Muralitharan took five for 15 as Bangladesh were skittled for a paltry 89 before Sri Lanka reached the close on 227 for three in reply.

Jayawardene was forced to retire hurt on 93 with a calf strain but not before he had passed Aravinda de Silva (6,365) to become the second most prolific run-scorer in Sri Lanka's test history after Sanath Jayasuriya (6,791).

The home side had slumped to 14 for two after paceman Shahadat Hossain removed debutant Malinda Warnapura for a first-ball duck and Kumar Sangakkara for six in a fiery new-ball burst.

Warnapura was trapped lbw by a vicious inswinger while Sangakkara edged an attempted pull and was caught behind.

But Jayawardene joined forces with opener Michael Vandort (87 not out) to repair the damage.

Vandort played the anchor role to perfection after winning a call-up in the absence of Marvan Atapattu, who opted out of the series for personal reasons, and the injured Upul Tharanga.

The tall left-hander put on 170 with Jayawardene and another unbroken 40 with Tillakaratne Dilshan (27 not out) after Abdur Razzak had dismissed Chamara Silva for one.

Earlier, Muralitharan's five-wicket haul took him to 679 in tests, only 29 behind Shane Warne's [Images] world record tally.

The spinner was given valuable assistance by fast bowler Dilhara Fernando, who claimed three for 33 after Bangladesh were put in to bat.

Shakib Al Hasan top-scored with 16 before being trapped leg before by Muralitharan.

The total of 89 was the third lowest in Bangladesh's Test history.

The Test at the Sinhalese Sports Club is the first in a three-match series.

Henry completes 24-million euro move to Barca

France [Images] striker Thierry Henry [Images] completed his 24.0 million euro ($32.30 million) move from Arsenal to Barcelona on Monday.

Henry, who turns 30 in August, was unveiled at the Nou Camp after passing a medical and putting pen to paper on a four-year deal with the Primera Liga side.

"Thierry Henry is a player we've been after for many years and now he's here," Barca president Joan Laporta told a news conference.

"Johan Cruyff wanted to sign Thierry Henry for Barcelona when he was a young player. When I was elected president in 2003 I wanted to sign him, we also wanted to sign him last year and today it is a great pleasure to see him here.

"He is one of the best players in the world and given his quality, experience and commitment he comes to Barcelona at the perfect time."

Barcelona were denied a third straight Primera Liga title on the final day of the season a week ago, losing out to arch-rivals Real Madrid on head-to-head results.

A great deal of soul-searching has gone on since then after a season with no silverware, and the club has moved quickly to strengthen the squad and appease the fans.

Henry was the focal point at Arsenal and their top scorer in four of the five Premier League seasons between 2001-06, though he spent much of the last campaign sidelined with injury.

He turned down a move to Barca and signed a four-year contract with Arsenal after they lost to Frank Rijkaard's team in the 2006 Champions League final in Paris.

At Barca, Henry faces the prospect of having to find a place in the one of the most feared forward lines in European football, which includes Cameroon striker Samuel Eto'o, Brazil [Images] playmaker Ronaldinho [Images] and Argentina winger Lionel Messi [Images].


Rakesh Patel and Arjun Yadav called in as cover

Hit by a viral bug which has left several players indisposed, the Indian team management on Monday was forced to seek the services of Baroda paceman Rakesh Patel and Arjun Yadav to make up the numbers for the first ODI against South Africa, to be played on Tuesday.

Patel, a right-arm paceman, who is currently playing in England [Images] has been send an SOS to join the team which has been hit hard by a bout of viral fever with as many as six players being affected.

With India's pace department being the biggest casualty, Patel, currently playing for St Helens in the First Division of the Business Assistance Liverpool Competition, and Yadav have been asked to reach Ireland by Tuesday morning.

Yadav, son of former Indian Test cricketer Shivlal Yadav, has played 50 first-class matches and scored 2278 runs.

The fast bowling trio of S Sreesanth [Images], Ajit Agarkar [Images] and R P Singh have all fallen ill and missed the training session on Monday.

Besides these three, Mahendra Singh Dhoni [Images], who was the first one to be affected by viral fever and missed the match against Ireland, and Ramesh Powar also missed the training session.

Back home, the BCCI has also decided to rush pacers Ranadeb Bose and Ishant Sharma as cover for the sick players. But they would be able to join the team in two days time.

"Ajit Agarkar, Sreesanth and Dhoni are still to recover fully and as a precautionary measure the team management after consulting the Board has requested Rakesh Patel of Baroda who is currently playing league in England to reach Ireland tomorrow," BCCI said in a release.

"The Board is also making arrangements for Ishant Sharma and Ranadeb Bose to join the team at Ireland within next two days," BCCI said.

But the illness of the players has thrown a lifeline to Patel's almost dead international career.

The 28-year-old Patel has spearheaded the Baroda pace attack and shared the new ball with his more illustrious colleague Irfan Pathan [Images], who no longer finds a place in the team following his continuous bad patch.

Patel has taken 234 wickets in 67 matches in domestic cricket at a sound average of 28.5.


'Rajni is a phenomenon' - Amitabh

With the huge success of Rajnikanth's Sivaji: The Boss, Amitabh Bachchan's status as the biggest superstar of Indian cinema has been questioned. But the Big B agrees that Rajni is 'phenomenal.'

In the second and final part of an interview with Mid-Day, the Mumbai afternoon newspaper Amitabh Bachchan talks about Rajni, his so-called rivalry with Shah Rukh Khan and lots more.

Reproduced with kind permission from Mid-Day is Bachchan's tell-all interview to the newspaper's Upala KBR:

About politics: Why didn't you accept the post of President? Your name figured once.

No. It's a joke. I have never thought about it. It's embarrassing to even talk about it. I am not qualified. No such proposal was made. If in my wildest dreams it ever happened, I would have refused.

Rajnikant's Sivaji is a big success. Have you seen it?

He sent me a copy. I will see it in a day or two.

Do you feel he is an actor who hasn't got his due?

Rajni is a dear friend and we have worked together in several films. He's phenomenal. If there's one word that fits his demeanour, stature and personality, that's it. Rajni hasn't changed a bit. That's why he's such a phenomenon.

He was a bus conductor, and look where he has reached. This is a fantastic example for any young Indian. If you have the belief, strength and talent and are ready to put in hard work, you can reach the sky. Rajni still has the Fiat he bought with his first earnings.

He always travels in it in the front seat. If you go to his house, he moves around bare feet and will walk out bare feet to meet you. Whatever he has got till now and is getting is not his due. He deserves much more.

Thiagarajan, world's youngest airline CEO

Stelios Haji-Ioannou was just 28 when he started EasyJet in UK, thereby earning his place in the Guinness Book of Records for being the youngest chairman of a scheduled airline.

M Thiagarajan, a pilot, was just 27 when he floated Paramount Airways, based out of Madurai, which launched commercial flights on October 19, 2005. This makes Thiagarajan the youngest airline CEO in the world.

But Thiagarajan, who hails from an illustrious family - he is the grandson of Karumuthu Thiagarajan, a pioneer in the field of textiles and founder of the Bank of Madura - is keener on celestial navigation than Guinness records.

"Apart from aviation, his passion is astronavigation," says a close friend. "Thiagarajan can tell you the location by seeing a star. He must think an airplane can take him nearer the stars..."

But stargazer Thiagarajan, who had primarily restricted his aviation activities to south India, is now locating stars of fortune in western and central India for possible acquisitions.

Sources say that Paramount Airways is interested in picking up stake in the Wadia-promoted budget carrier GoAir or Delhi-based low fare airline SpiceJet. Though both airlines have denied any such developments with Paramount Airways, sources confirm that Thiagarajan and team are camping to Mumbai for initiating talks.

"We are talking to airlines in India," Thiagarajan confirms. "We are interested in acquisitions. But specifically, I cannot comment on anyone. We are looking to acquire another airline for gaining access to landing slots and parking bays. That will facilitate our expansion much faster," he adds.

What's the possible synergy with GoAir or SpiceJet? Insiders say GoAir could enable Paramount to enter western India while SpiceJet could be a separate low fare entity.

Funds? "That is not a constraint. We were promoters of Bank of Madura, which later merged in ICICI Bank [Get Quote]. Any acquisitions can be facilitated through internal accruals," Thiagarajan says.

A business management graduate, he entered the family business as a third generation entrepreneur and established his own Paramount Mills before starting the aviation business.

If the low profile entrepreneur has donned an aggressive profile, it is because "We were making the right kind of noise and we are now leaders with 26 per cent market share in the south Indian market," Thiagarajan says, "now it is time to have a presence in western and central India."

Thiagarajan may have eschewed a less-than-flamboyant lifestyle in his personal life, but where Paramount Airways is concerned, he chose a "high value carrier business model targetting the premium segment of customers with a business and first class configuration" using Brazil-made Embraer aircraft. More recently, Delhi-based MDLR Airlines has chosen to follow the model with an exclusive business class configuration.

TCS among world's 10 most profitable firms

Tata Consultancy Services [Get Quote] has been ranked among the leading global IT companies by global magazine BusinessWeek. It has also been named as the only Indian entity to be listed among the world's top 10 most profitable firms.

With a return on equity of 46 per cent, TCS was the only Indian company to be ranked among the top 10 most profitable companies in the world.

BusinessWeek in its '2007 Information Technology 100' listing has placed TCS on the 23rd position among the world's leading infotech companies.

According to the magazine, ever since TCS went public in 2004, the Mumbai-based company has been on a tear. It is growing rapidly, with a 41 per cent rise in revenues to $4.3 billion for the fiscal year ended March 31.

The 10 Most Profitable IT Companies

Company

Return on Equity

Grupo IUSACell

226.2%

Windstream

94.0%

Amazon.com

70.8%

BT Group

67.2%

Accenture

66.0%

Cosmote Mobile Telecom

61.1%

High Tech Computer

59.3%

Millicom Intl Cellular

53.6%

Tata Consultancy Services

46.1%

VTech Holdings

42.1%

Of all of the Indian tech-services outfits, TCS has the largest network of delivery centres outside India.

In Latin America alone it employs more than 5,000 people, most of them locals, and it just announced a new service delivery centre in Mexico.

TCS CEO and MD S Ramadorai said: "TCS is focussed on delivering the best results for our global customers. This recognition from BusinessWeek is a testament that our dedication to customers is helping fuel our global growth and success."

A part of the Tata Group, India's largest industrial conglomerate, TCS has over 89,000 IT consultants in 47 countries.