Saturday, August 4, 2012

60th Week@XIMB

60th Week@XIMB - 29th July to 4th August, 2012

29th July - Sunday is celebrated through a video on rural marketing sharing experiences of Airtel, M&M, and Hero Honda in rural India



Eyeing on the monsoon reality, farmers in northern India always use the proverbs of Ghagh aur Bhaddari for weather forecasting. There has been a research paper - Farming proverbs: analysis of Their Dynamics and Farmers' Knowledge by Ranjay K Singh and A Dorjey.

The linkage of good monsoons and the Indian market is too close still we keep ignoring the reality of the rural market. With inadequate monsoons rural consumption falls and so do the overall sales of agri-input companies. There are many more companies whose sales are indirectly dependent on the agricultural cycle but with the poor monsoon that will also go down. Farmers try to maximize their returns in times of drought through the use of local, non-hybrid seed varieties and cheaper micro-irrigation.

30th July - A two-day workshop on “Markets That Empower Farmers (& Consumers)” has started today at XIMB. This learning and brainstorming workshop is jointly organized by XIMB and ASHA (Alliance for Sustainable and Holistic Agriculture) and is coordinated by Prof. Shambu Prasad. There was detailed coverage on the blog of Kisan Swaraj.

My Learning:-

1- People have lost many years doing wrong things. But you have to do wrong for long enough to realize this. It's worthwhile to do something not for the sake of money and pleasing society.

2- Too much consumer centric approach has diverted our attention from the problems of primary producers and rural livelihood. Policy, Market, and Technology are currently used for agri-business rather than agriculture. Farmers are in crisis, not farming.

3- Diversity is the key concept for sustainable agriculture. Sustainability should be the keyword for the next green revolution. More collectivization of farmers is required to increase bargaining power. Bina sanskar nahin sahkar, bina sahkar nahin udhar (without morals no cooperation, without cooperation no uplift).

Fact: 5000 liters of water is required for rice in comparison to negligible irrigation for millet. Per capita yield must be matched with the per capita nutritious value of the crop.

31st July - There were guest speakers in the ESM class: Joseph Thomas, Centre for Social Innovation & Entrepreneurship, IITM,  and Sridhar Radhakrishnan who runs a Zero Waste Center in Kovalam, recycling local waste and converting it to useful products, thereby generating livelihood for locals. Both of them were critical of the engineers. One of them was about the design of sewage systems design and the other was about the use of incinerators for the disposal of solid waste.

One quote mentioned in the slide quite touched my emotional chord: “If a man is called to be a street sweeper, he should sweep streets even as Michelangelo painted, or Beethoven composed music, or Shakespeare wrote poetry. He should sweep streets so well that all the hosts of heaven and earth will pause to say, here lived a great street sweeper who did his job well.” -Martin Luther King, Jr.

The concept of waste management is good and useful for assessment of product life cycle assessment. While the whole class was very vocal in their support of organic farming, I found that response quite shallow. The core message of organic farming forms an antithesis for the students looking for their bright future in fertilizer giants like Monsanto, DSCL, Tata Rallies, etc. I will support my assumption by quoting Upton Sinclaire: "It is difficult to get a man to understand something when his salary depends upon his not understanding it!"

1st August - M-CRIL is Micro Credit Rating International Ltd. M-CRIL is a global leader in the financial rating of micro-finance institutions and sectoral advisory services.

2nd August - Prof Nonita Yap, Professor in Rural Planning and Development at the University of Guelph delivered a talk on "Greening the economy - opportunities through cleaner production and industrial ecology" at XIMB. She touched on the topic of Decarbonisation of the whole energy sector, Industrial Symbiosis at Kalundborg, and the "Quasi Cyclic" economy. There was criticism of the cluster approach of industries in her talk as these clusters concentrate pollutants. In India, industries rarely see waste as a resource.

3rd August - The immersion course Agribusiness Value Chain Finance (AVCF)and Carbon Management and Carbon Trading (CMCT) started today.

4th August - I was sick with a fever and still managed to attend a few classes of immersion courses. With the weekend looming, enjoy this video!

Making the Market Work for the Poor: This session was moderated by Elliot Gerson, Executive Vice President, The Aspen Institute USA, and the panelists included Adarsh Kumar, Executive Director, All India Artisans and Craftworkers Welfare Association; Lakshmi Venkatesan, Founding Trustee and Executive Vice-President, Bharatiya Yuva Shakti Trust (BYST); Deepender Hooda, Member of Parliament, Lok Sabha (Indian National Congress); and Amitava Chattopadhyay, The L'Oreal Chaired Professor of Marketing-Innovation and Creativity, INSEAD, Singapore.


The majority of Indians are still not reaping the benefits of liberalization. While there seems to be a growing consensus that the trickle-down theory is not working for India, is there a way that markets can be made more responsive to the rural poor in particular? Beyond NGO activism, how can the poor buy into the market economy?

Saturday, July 28, 2012

59th Week@XIMB

59th Week@XIMB - 22nd July to 28th July, 2012



22nd July - Sunday was gone in studying for mid term exams.

Raising an Olympian - MARY KOM : As the Proud Sponsor of Mom, P&G presents a series about the Mom behind each Olympic athlete.







23rd July - ESM exam is over.The big news was about Hindustan Unilever Ltd. HUL increased its net profit by 112 per cent for the first quarter of 2012-13 to Rs.1,331.2 crore, thanks largely to a one-time gain on sale of property amounting to Rs.607 crore.

Hindustan Unilever Profit More than Doubles on Strong Sales and Speaking at company AGM, HUL Chairman Harish Manwani lays emphasis on role of corporate in financial inclusion.

24th July - Tuesday was a holiday. I came across an article: How Hindustan Unilever is making every employee a marketer.

25th July - Mid Term exam of MFM was more analytic than based on rote learning. With Q2 session results are coming, companies are coming up with reports. Here a positive news from agri-business sector: ITC's e-choupal boosting company's FMCG business. ITC typically organises 60,000 Pradharhan Khets and 6,000 Choupal Haats in a year. There is a general criticism that its expansion has benefited only large farmers as their produces could be sold at somewhat better prices and perhaps quickly through e-choupal. But, they are ignoring the ITC is market development initiative with its huge cash piles against nexus of caste based strong lobby of traders and middle men.

26th July - CM quiz was last one and that finishes mid term on happy notes. Let us watch a conversation with Wharton Marketing Professor Jagmohan Singh Raju .

Multinational Corporations and Rural India:





27th July - Lectures started after the mid term. That was a boring stuff. I am also struggling with facebook addiction and attention deficit disorder.

28th July - This was a sleeping day still I was lucky enough to read Report of the Nair Committee on Priority Sector Lending. There was also news of RBI enforcing foreign banks to raise their priority sector lending (PSL) portion to 40 per cent from 32 per cent currently. The move will impact only four of 55 foreign banks, which have over 20 branches. Only four foreign banks — Standard Chartered Bank (94 branches), Hongkong & Shanghai Banking Corporation (50 branches), Citibank (42 branches) and Royal Bank of Scotland (31 branches) would come under the ambit of the new norms. Another foreign lender, Deutsche Bank, has 16 only branches. That's a welcome move by RBI.

Some loans that would be classified as priority sector -:
  • Loans up to Rs 1 crore to micro and small service enterprises
  • Loans to food and agro processing units
  • Loans to distressed farmers indebted to non-institutional lenders
  • Overdrafts up to Rs 50,000 in no-frills accounts
  • Loans to individuals other than farmers up to Rs 50,000 to prepay their debt to non-institutional lenders
  • Loans up to Rs 25 lakh for housing in metros having population above 1 million
  • Loans up to Rs 15 lakh for housing in cities having population less than 1 million
  • Education loans up to Rs 10 lakh for studying in India and Rs 20 lakh for studying abroad
While doing AMDA assignment on Multicollinearity, I read about Demonstration effect (Keeping up with the Joneses) and Cobweb model. I also made inquiry about Co-variance and correlation. The problem with covariances is that they are hard to compare due to metric units. Notably, correlation is dimensionless hence more author friendly.

Why Do I Love IRMA ? : The memoirs of an IRMA alumnus in one page article is beautiful reading on this weekend.

Saturday, July 21, 2012

58th Week@XIMB

58th Week@XIMB - 15th July to 21st July, 2012

15th July - Sunday is always wasted in some entertainment and long sleep. Today there was Individual Profile verification for Brochure and work ex certificate submission by placecom.


16th July - In QRM lecture, there is lot of emphasis given on ethical behavior of the researcher. A researcher must not opt either for socially desirable or biased answers for personal economic benefits. Such type of researchers /journalist are hard to find these days.


17th July - Rural poverty can be attributed a lot to ecological poverty or in easy terms biomass scarcity available for commons. Hence, a rural development program must be quite eco-specific. Auxiliary benefit of NREGA includes eco-restoration & regeneration of natural resources.Once upon a time, World Bank sees NREGA as policy barrier hurting economic development and poverty alleviation.


18th July - One opportunity for XIMB is to track performance in state livelihood missions. It’s happening in Bihar, Odisha government is also now planning. If students take this opportunity, XIMB can possibly look to become sole leader in this space, something like IRMA is in so many.

PRADAN has an advanced course on livelihoods and they have an intensive workshop lasting around 18 days. They get experts from across the country and collecting different curriculum from across schools.

19th July - Neo-urbanization is a new mega-trend rising in India and other parts of the world. It is the extension of traditionally urban benefits and opportunities to semi-rural and rural communities. Neo-urbanization can transform market needs by empowering people in many ways. These are the views of global telecommunications equipment corporation Alcatel-Lucent.

Neo Urbanization - the new paradigm shift




I will not call this paradigm shift like the company promoting this video. This was a gradual change with the development of infrastructure connecting periphery of urban centers and rural area. Foreign companies have been slow in realizing the emergence of rurban area in India. For beginners, the new land development between a rural area and the EDGE of a developed suburban area is called rurban.

20th July - I was busy whole day in lectures.There was a scuffle between workers and management employees at Manesar plant of Maruti on 19th July. Awanish Kumar Dev, a manager in the Human Resources department of the Maruti Suzuki Manesar Plant was killed. Maruti Suzuki management has not even constituted the Grievance Redressal Committee and the Welfare Committee at its Manesar plant which was agreed upon after the last dispute in October 2011. So who can prevent such violent outrages of the workers.

21st July - XSYS interview for the selection of the shadow members were conducted.

Saturday, July 14, 2012

57th Week@XIMB

57th Week@XIMB - 8th July to 14th July, 2012

08th July - The rest-day must be utilized in watching good video from you-tube. So, here comes a video where with wisdom, eloquence and wit, Anupam Mishra talks about the amazing feats of engineering built centuries ago by the people of India's Golden Desert to harvest water. A simple as yet a very accurate presentation of the actual state of Rajasthan.

Anupam Mishra: The ancient ingenuity of water harvesting



09th July - There was discussion on a case study :- ICICI Bank: Challenges in Rural Banking in SDM lecture. Abstract : ICICI Bank challenge is to set up and ran an effective sales and distribution system (that is primarily non branch based) for rural Banking lending business and to scale up and so profitably.

10th July - Our Ecological Footprint is growing larger. Ecological Footprint is a standardized measure of demand for natural capital that may be contrasted with the planet's ecological capacity to regenerate. This means the average world citizen has an eco-footprint of about 2.7 global average hectares while there are only 2.1 global hectare of bioproductive land and water per capita on earth. Humanity has already overshot global biocapacity by 30% and now lives unsustainable by depleting stocks of “natural capital". Hence, business as usual is not an option anymore.

11th July - There was launch of Rural Managers` Association of XIMB (RMAX) today and Systems Committee of XIMB (XSYS).

12th July - The Biosphere Rules (Harvard Case Study) - The rules for the biosphere’s operating system are built upon bio-logic, which nature uses to assemble life and structure ecosystems. There is complete reading of 8 pages at Scribd.

13th July - There was team presentation on Maharashtra State Co-Operative Sugar Factories Federation in CM lecture.

FMCG firms draw up fallback plans : Following deficient rains, a demand slowdown, especially in rural areas, looms large.

14th July - Even I was learning Data Analysis from long time, I learnt about Goodness of fit quite later. Better later than never.

Saturday, July 7, 2012

56th Week@XIMB

56th Week@XIMB - 1st July to 7th July, 2012

1st July - There was an interactive session with Mr. Paul Polak, Founder and Director of IDE (International Development Enterprises)in the Auditorium. Paul Polak‘s latest adventure is Spring Health, which plans to provide access to clean water to 10 million people within four years. I am embedding TED talk delivered by the Paul. He wrote a book 'Out of Poverty' on his tryst with poverty.

TEDxMileHigh - Paul Polak - The Future Corporation


Quote: “Talk to the people who have the problem and listen to what they have to say.”

2nd July - I have still a lot to catch up in writing a priori reasoning and null hypothesis in AMDA. Yet, I am happy to learn in details about forecasting and estimation method. Mathematical model is helpful in making decision with a holistic view of economy. Thanks to IndiaStat for amass of data to experiment with.

3rd July - Learned about financial and social inter-mediation of Micro-finance Institutions.

4th July - Missed QRM lecture due to sleep.

5th July - Agropedia is a comprehensive, seamlessly integrated model of digital content organization in the agricultural domain. It aims to bring together a community of practice through an ICT mediated knowledge creating and organising platform with an effort to leverage the existing agricultural extension system.

6th July - I searched a new website for freetime pleasure reading : GoodNewsIndia- News from India of positive action, steely endeavour and quiet triumphs. Salute to the website of D V Sridharan for documenting us news that is little known.

7th July - Those rural management students interested in selling fertilizers must be aware of NPS (Nutrient Based Subsidy).Until 31.3.2003, the subsidy to urea manufacturers was being regulated in terms of the provisions of the erstwhile Retention Price Scheme (RPS). Under the RPS Retention Price was fixed for each unit by the Govt. The difference between the Retention Price of Urea and the maximum retail price of urea was paid as subsidy. Details can be obtained from studying fertilizer policy of the government.