Religious Sanctity

I want to put forth my views on how religious sentiments are being played with at holy places. This is a complaint that every person has but there is no one to listen and act on it. The underlying sarcasm in this problem is that India is a secular country, but when it comes to exploiting religious sentiments, everyone wants his/her share in it.
Let me first explain my experiences. I am a Jain by birth. But from my childhood, I have been to most of the holy places of all religions in India along with my family – from Haridwar to St. Paul’s Church in Kolkata, from Palitanaji in Gujarat to Sanchi Stupa, from Dargah at Ajmer to Tirupati Balaji, from Jama Masjid in Bhopal to Raghunath Temple at Jammu. It always used to fascinate me how India has been able to evolve and merge so many religions.
But there is another side of the coin that dominates the sanctity of these places. Corruption and greed have become the motive of the administrators. In Benares or Kali Temple at Kolkata “pandas” try to thug people in the names of evils and angry gods and goddesses. At Dargah in Ajmer, the sufi saints will put a chadar on the devotee, speak a few chants, pray to God for happiness for the entire family and then ask for heavy charges for their services. Apart from that the pollution levels at these places have also increased with no one taking the responsibility to keep them clean. At Vaishno Devi or Parasnath, there is too much plastic and paper wastes.
One more important aspect that I would like to highlight is the way the locals loot devotees, be it through costly fancy items like colourful idols and plastic decoration items, or through expensive transportation systems. Recently at Rajgiri, we were not allowed to roam on our taxi, but forced to take a tonga (horse-cart) that charged us double of what the taxi would have charged. When I complained to the administration, there response was just a cold look followed by few sympathetic sentences about the employment status of local people. I do agree that holy places create employment that helps in growth and development of the area, but then they are robbing in the broad sunlight.
To me religion is an institution where people try to remove their fears, gain confidence when they are really down and attain self-actualization. But these malpractices at these religious places will only lead to dissatisfaction amongst the devotees.
The only way we can remove these malpractices at religious places is by increasing awareness amongst people, that Godliness cannot be reached by just giving away bribes to “pandas” and “maulwis” and “sadhus”. Moreover, the trusts at these places should also become proactive and understand their responsibility of looking after the comfort of the devotees.
I hope this way we will be able to maintain the purity of our religions.

Written By: Mohit Singhvi, IIM Indore

Moral Vision

By Rabindranath Tagore

To the man who lives for an idea, for his country, for the good of humanity, life has an extensive meaning, and to that extent pain becomes less important to him. To live the life of goodness is to live the life of all. Pleasure is for one's own self, but goodness is concerned with the happiness of all humanity and for all time.
From the point of view of the good, pleasure and pain appear in a different meaning; so much so, that pleasure may be shunned, and pain be courted in its place, and death itself be made welcome as giving a higher value to life. From these higher standpoints of a man's life, the standpoints of the good, pleasure and pain lose their absolute value. Martyrs prove it in history, and we prove it every day in our life in our little martyrdoms.
When we take a pitcherful of water from the sea it has its weight, but when we take a dip into the sea itself a thousand pitchersful of water flow above our head, and we do not feel their weight. We have to carry the pitcher of self with our strength; and so, while on the plane of selfishness pleasure and pain have their full weight, on the moral plane they are so much lightened that the man who has reached it appears to us almost superhuman in his patience under crushing trials, and his forbearance in the face of malignant persecution.
To live in perfect goodness is to realize one's life in the infinite. This is the most comprehensive view of life, which we can have by our inherent power of the moral vision of the wholeness of life. And the teaching of Buddha is to cultivate this moral power to the highest extent, to know that our field of activities is not bound to the plane of our narrow self. This is the vision of the heavenly kingdom of Christ.
When we attain to that universal life, which is the moral life, we become freed from bonds of pleasure and pain, and the place vacated by our self becomes filled with an unspeakable joy, which springs from measureless love. In this state the soul's activity is all the more heightened, only its motive power is not from desires, but in its own joy. This is the Karma-yoga of the Gita, the way to become one with the infinite activity by the exercise of the activity of disinterested goodness. Just as we find that the stronger the imagination the less is it merely imaginary and the more is it in harmony with truth, so we see the more vigorous our individuality the more does it widen towards the universal. For the greatness of a personality is not in itself but in its content, which is universal, just as the depth of a lake is judged not by the size of its cavity but by the depth of its water.

Corporate Social Responsibility

“Responsibility's like a string we can only see the middle of. Both ends are out of sight.”
With increasing globalization and companies going multinational, there is an increasing demand for disclosure of their stand towards the corporate world’s recent buzzword Corporate Social Responsibility or social, environmental and economic performance from the various stakeholders of these companies. The result is implicit – more and more companies have come forward to share information about the economic, environmental and social impacts of their processes and have published reports describing the same. But mere reporting is not what follows. These companies also face the challenge of improving the content of these reports, i.e., the quality and acceptability of these reports.
Corporate Social Responsibility is regarded as a prerequisite to sustainable development by some analysts. Sensitivity and awareness towards environment and ethical issues as a whole has increased and laws are framed to target any deviation from maintaining a balance of these. In fact, according to the World Business Council for Sustainable Development,
“Corporate social responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large.”

The adoption of Corporate Social Responsibility would provide a competitive edge to the companies in all their endeavors. It has numerous advantages and can reshape the whole functioning of an organization. There is a need to realize the importance of Corporate Social Responsibility both towards other companies and towards the external environment and society. For example, recent years have witnessed a numbers of mergers and acquisitions but very few have been successful enough because of the adverse effects they have on the productivity, behavior and creativity of the employees. Safeguarding employee rights must be an integral part of any such activity but seldom do things happen the way they should.
Another angle from which one can view Corporate Social Responsibility is how companies respond and behave outside their boundaries at the local, national or international levels. Local markets provide companies with labor and also a market for their goods or services, thus make it all the more important to maintain good relations with the local settings. Companies develop networks of distribution and sales all round the country and thus need to concentrate on their responsibility towards the nation’s environment, legal framework and society. Moreover, companies have been able to increase their supply chains by transcending the national frontiers and moving to international arena. This automatically incurs the need to follow a minimum code of conduct at the global level for all the companies going global at a rapid pace.

The question that now comes forward is that how to install the component of Corporate Social Responsibility in the business process of the company. For this to be done the company needs to instill it completely in its culture and structure, at virtually all the stages and in all the processes, be it decision making at managerial level or manufacturing goods at the assembly line level. This would have a favorable impact on the shareholders of the company in the long run because of the role of ethics coming forward compared to the monetary profits which have been understood to be the only goal of the shareholders. Thus, the company would be projected in good light and lead to a glorified brand image of the company apart from the company fulfilling its duties towards the environment and society. A very good example is the way ITC has implemented Corporate Social Responsibility in its processes by empowering farmers and by restoring the balance of nature by planting more trees than uprooted by the company for its activities.
In view of the growing public awareness, it becomes extremely necessary for organizations to appear altruistic. But appearances would not work for longer periods and hence only those companies which implement practices to restore citizen control and environmental balance will succeed in getting the trust of the consumers.
It is a fact that organizations are formed and then they grow fueled by the drive to continually pursue newer and broader goals in markets around the world. But this lookout for more and more resources has led to depleting levels of natural resources and hence the only way out is that the companies themselves recognize the situation at hand and follows the framework of Corporate Social Responsibility.
Ultimately, it all boils down to the people who are living in this society and breathing in this environment to understand the current scenario by analyzing the effects if such a phenomenon is allowed to grow. It is “We the people” who have to realize, who must take the responsibility on their shoulders and urge organizations to move towards the real goal – the goal of serving more and more people, and thus, to preserve public interest in light of the responsibility towards the society, the environment, and the mankind as a whole.

Written By: Anubhav Jain, IIM Indore

Illiterate India

The biggest threat to our nation is not from terrorists or corrupt politicians. The threat is from the people who are not equipped with the weapon to face societal evils like corruption, child marriage, caste system, poverty, etc. It can be anybody’s guess that the weapon is “Literacy”. All the developed countries are equipped with this weapon, but we are lagging behind. According to census only two-third of us has it. But, even this number consists of a large chunk of people whose educational qualification is insignificant and of poor quality.
The government is surely taking steps to eradicate illiteracy. But with current pace with it will take nearly 20-25 years to reach the 90% level. The situation is even worse in rural India. This pace of educational growth will create a huge gulch between the rural and urban India. Massive urbanization and influence of urbane service sector growth has lead to development getting constrained to cities only. Amidst everyone talking a lot about development of primary education to empower India, we loose focus on the 15 to 20 crore illiterate adult population. Are we simply treating them as burden on our nation who exist just to manage a square meal a day and to increase the population to add to the already dismal condition of our motherland? The answer is ‘NO’. We have to see them as untapped opportunity. We have to see them as potential “Manpower”. We can’t wait for 25 years to turn around the situation. We have to develop newer ways of pedagogy as the traditional methodology is slow.
We can see computer as the tool which will help us in serving India and attain the targeted literacy rate. With specially designed software it’s possible to achieve the goal in 4 to 5 years. This software will be developed to include all the features of a teacher. The task of building this software should be very easy for technocrats. The execution of this project can be on the lines of ITC’s e-choupal. The computer(s) will be owned by a voluntary owned group in the rural community. Some work on these lines is being done by TCS in Andhra Pradesh.
This will surely help in removing the ennui from the schooling process. There is no need of professional teachers, who are already less in number in India. The facilitators need not be expert for this. Simple know-how of handling computer will do. The multimedia program will aid in knowing the exact pronunciation of words, making it independent of the teacher’s competence. This program is required to to treat adults very differently from children. Greater importance must be on reading rather than writing. Once they can follow written instructions other things will automatically fall in line. The process should be of just about 40-50 hours stretch over a month or so. Removing the tests of any sort and shorter duration will reduce the drop-out rate. Nominal fees should be charged as anything free is considered worthless. In future further integration can be made to make India computer literate.
Looking at the massive illiterate population of India this endeavor seems to be a minute one with many holes to be pegged but really optimistic. It needs inputs from energetic minds who can revamp their grey matter to generate innovative ideas and make this a presentable idea in front of our socially conscious corporate houses to generate the required revenue stream.

Written By: Vineet Patawari, IIM Indore

Future of Banking in India

Indian Banking Sector: Overview
After the independence Government of India took major steps in Indian Banking Sector Reform. In 1955, it nationalised Imperial Bank of India with extensive banking facilities on a large scale especially in rural and semi-urban areas. It formed State Bank of India to act as the principal agent of RBI and to handle banking transactions of the Union and State Governments all over the country. Seven banks forming subsidiary of State Bank of India were nationalised in 1960 on 19th July, 1969, major process of nationalisation was carried out. It was the effort of the then Prime Minister of India, Mrs. Indira Gandhi. 14 major commercial banks in the country were nationalised. Second phase of nationalisation Indian Banking Sector Reform was carried out in 1980 with seven more banks. This step brought 80% of the banking segment in India under Government ownership. But the feature of this period was very high interest rate, limited services and no competition to name a few. In 1991, under the chairmanship of M Narasimham, a committee was set up by his name which worked for the liberalisation of banking practices. This committee introduced many reforms in the banking sector such as delinking the entire issue of concessional credit from the issue of banking operations, reducing the SLR limits, strengthening the capital base of banks, and bringing about a general freeing of interest rates. The reforms proposed aimed at aligning the working of banks with the growth objectives of the economy. The country post 1991 is flooded with foreign banks and their ATM stations. Efforts are being put to give a satisfactory service to customers. Phone banking and net banking is introduced. The entire system became more convenient and swift. Competition among banks is at an all time high. Banks are not only rated in terms of the interest rates and default rates but also in terms of the quality of service they provide to the consumer. At present the size of the banking sector is Rs. 36,105 billion.


Role of Banks
For each of the challenge to be met a sound Banking system is necessary. With the liberalisation of banks in India, banks have are more independent in formulating their strategy. As a part of growth in India banks are providing credits to productive sectors which are in need of investments. Also banks help the institutes in having hassle free payments, collection and remittances. This has really enhanced the efficiency of the companies as very little time is spent in taking care of financial transactions. As the companies are getting globalised, the need for foreign exchange services increases. This need is being fulfilled by the banks. Along with this banks offer several customized product for target groups which really help in solving the cash problem of a particular segment. Options like variable rate of interest and fixed rate of interest, or flexibility in payment of principal are a few examples. An important role which banks these days are playing is the role as an advisor. Investment Banks usually are the banks which act as intermediate between the investors and the corporates. They advise the company about the way in which the capital can be raised, when to raise it, mergers and acquisitions, Mezzanine financing etc. Further banks have been providing the industry with technology support like SBI has introduced Project Uptech. Further credit delivery mechanism of banks has been reinforced to increase the flow of credit to priority sectors through focus on micro credit and Self Help Groups. Banks have come out with special policies to step up credit to SMEs.

Future of Banking Systems in India
Consumer finance, robust industrial investment outlook, increasing internationalization of India and rural banking will drive growth in the economy in the future. Upward migration of incomes, demographic patterns and access to finance will act as change agents.
The banking sector will have to gearing itself to support growth. Competition, consolidation and convergence will transform banking. Technology will be the key and drive the change. With the advent of new technologies, the banks need to be proactive in adopting the change in technology so as to serve its customers better and have a competitive advantage. Banks will have to strengthen its capital base, risk management techniques & overall skills. Also the banks need to diversify into products like insurance and mutual funds in order to gain from the booming economy.

Written By: Abhishek Anand, IIM Indore

Boosting Productivity!

Every company adopts various means to increase productivity levels. These methods can range from varied areas such as training, feedback and remuneration. One such method is the variable pay plan which gives extra credit to the individuals who outshine others and thus, recognizes their outstanding performance. Since it is directly linked to the performance of an employee, it is also known as the “at risk” method. Unlike salary, incentives or benefits under the variable pay plan are not paid on a regular basis. It can even be cancelled in case an employee fails to meet the targets or objectives, thus, helping the company as a whole to achieve its goals in an efficient manner.
There are various forms in which a company may implement this plan in various ways. Team incentives, share in the company’s profits and individual incentives are some of the well known ones for doing so. This plan requires employees to have a clear understanding of the goals set for them and thus realizing the importance of their work towards achieving the company’s goals. Hence, for this method to be effective, it should be successful in creating a peer-pressure on the employees so that they get motivated to work for the company.
There are some precautionary measures to be taken before implementing this plan. These include the creation of a standard and uniform metrics that would help review an employee’s performance, making sure that managers are not biased towards subordinates, clearly communicating the quantum and quality of work expected from the employees, and setting up practically achievable goals.
Four of the most widely used variable pay plans are piece rate wages, bonuses, profit sharing and gain sharing. Piece rate pay plans work on the principle of paying a fixed sum for each unit of production completed by an employee. Bonuses are paid to both employees and executives depending on certain conditions and also on certain occasions. Profit sharing plans are ones that spread throughout the organization and distribute the compensation based on a certain established formula. Gain sharing pays employees in groups and is based on some formula that allocates incentives based on improvement in productivity from one period to another.
Thus a variable pay plan, if combined effectively with the business strategy can result in great results for the company.

Written By: Anubhav Jain, IIM Indore

Generation Gap - An illusion!

“Hey Mom, it’s so typical of you to think like that!!” said a young child his mom.

These kind of expressions are very common in today’s parlance and what they are referred to as is Generation Gap. The referred concept is very hyped and much discussed today. Even we can feel and realise it in our daily lives.

Unfortunately, I would like to differ from that concept. To understand it better let us look at the meaning of the term “Generation Gap” objectively. It consists of two words viz. Generation and Gap. The former refers to two generations and the latter, the more important one, refers to the distance between the two. What we effectively mean by Generation Gap is the weak link in the relationship that a younger generation shares with its elder one. For example: parents with their children.

Now, if we look into basic building blocks of a long term sustainable relationship, they are love, honesty, purity and unselfishness.

1. Love we mean absolute love for someone we care for.
2. Honesty is important because it forms a foundation for the trust which is very critical for relationship building. One would never want to have relations with a person whom he/she doesn’t trust.
3. Purity refers to the purity of thought and hence that at heart. We must not have any mal-intentions disguised by our actions in any way.
4. Unselfishness means putting others before self. In a relationship it is often necessary to put our partner’s interests before our own. One must not hesitate in doing so, because “There is no rose without a thorn” and similarly no successful relation is developed unless some sacrifice goes into it.

What has happened over a period of years is that that we have taken our parents for granted and hence fail to understand their importance in our life and consequently our responsibilities towards them. This ignorance, although subconsciously, makes us negligent towards them and spoils the relationship.

We often disagree to our parents’ view because what they say might be true in their era but not so today. But the way we react often hurts their feelings. We must try and understand their perspective and then try and make them understand our reasoning. Any misunderstanding should be solved by dialogue.

We often realise that the friendship we share with others is a give-and-take kind of relation. But we fail to capitalize on this idea when it comes down to our parents. Under this idea “How can we forget what our parents have done for 20 years of our lives to bring to a position we are in?”. Of course we are in no position to compensate for those years but what we can do at least is not hurt them, respect their feelings and be their support all through out or lives.

Every time we have an unhealthy argument with our parents, it leaves a dot behind. This dot might not be visible initially but when such dots accumulate in large numbers they form a line which might become apparent in later stages when it might be too late to apologize.

Our relationship with our parents is like that of a kite and kite flyer dependence. No matter how high we fly but our success largely depends in the values inculcated within us by our parents early in our life. One can do without friends but not without parents because our parents are indeed our first friends.

So friends, lets understand the role of our parents in our lives and our responsibilities towards them before it is too late!!

Written By: Shalin Shah, IIM Indore

Credit Cards Ahoy!

Have you ever purchased a newspaper with a credit card? How about doing away with all sorts of pockets and cash tills and carrying just the plastic cards carrying the names of the likes of Visa, MasterCard and American Express? Well, this is soon going to happen looking at the rate at which the usage of plastic money has risen over last 10 years. This is reflected from the fact that 10 years ago, American consumers paid in cash or though cheques for around 70% of all their purchases. According to Nilson report, today, more than 50% of all their transactions are paid for through cards. So, the day is not far when people would pay for a hamburger or a bus ticket through these plastic cards. But credit card companies have realized that the use of the age old swiping cards would not work for such small purchases. So, they have introduced a concept named “contactless cards” for purchases under $25. These cards are used by transferring data wirelessly through a tap or a wave to a receiving device with the shopkeeper. The whole process takes less than 2 seconds and retailers feel that such a concept is likely to reduce risks of thefts and also people spend more when they use plastic money. They also feel that this would reduce the effort of counting coins and smaller currency everyday and getting it exchanged from banks. In fact, many fast food giants, cinemas and sports venues have already started accepting such cards in America. The next step is the idea of embedding a credit chip in the mobile device and using it as a credit card itself.
The whole concept is not limited to just small transactions but to ones involving huge amounts of money as well. Card companies have started approaching property management companies and thus we can even hope to pay our monthly installments, rent and even down-payments through credit cards in future.
The question that might come to mind now is, “What if one does not have a bank account?” Well, these biggies have already cashed upon that idea by coming with another concept called pre-paid cards just like the debit cards loaded with money. These cards would help customers without a bank account to pay with plastic money by depositing a certain amount with the card company before making a transaction. In fact, many state governments in the US have even started paying employment benefits by depositing money in the pre-paid card accounts of the concerned persons. This makes the whole system effective and less costly. In fact, Ohio government claims to have saved more than $2 million after switching to plastic money for giving out benefits and subsidies. Some companies have even started giving out salaries by depositing money in accounts of the employees’ pre-paid card accounts. The time is near when cash would lose its charm and plastic money would be the king!

Written By: Anubhav Jain, IIM Indore

Calamitous Miscalculations!

The killing of 6,00,000 innocent people, ruthless war and execution of a leader – puppet show in the world political arena at the hands of a powerful nation, the United States. Saddam Hussein, held responsible for killing 148 Shias in the Dujail killing and a number of Kurds, was bravely held, unmoved and composed in his last moments, with Koran in his hands and God’s name on his lips. He was still better knows as “Mr. President” by the co-accused of the trial and his followers including the defense lawyers. Saddam, meaning “one who confronts” in Arabic, was dynamic and powerful, courageous and outright, but lacked the vision required to put all the above qualities together for a fruitful cause. He would be unfortunately remembered as a defiant ruler, who, in his final act as well, refused to don the customary hood offered by the hangman.
Saddam Hussein, a combination of violence and shrewd tactics, enjoyed over three decades of power and fame in Iraq. He invaded neighbors Iran and Kuwait in 1990 and was thus demonized by Western powers. He described the first Gulf war as “the mother of all battles” after being an ally of the United States, in his war against Shia Islamist Iran. But the United States changed colors after Saddam’s invasion of their ally Kuwait. For years, in the beginning, the United States seemed complacent and tried just to contain him. But after 9/11, Mr. Bush chose him as the target in his “war on terror” against Afghanistan.
Saddam Hussein is dead. And with him has died the overarching ambition that changed the picture of Iraq. But his execution has opened the floodgates instead of putting a barricade. In simple terms, “it’s unfortunate”. An execution by a Shia government which is a mere puppet in the hands of the United States, instead of an execution by the international war crimes tribunal, has set the mark for another possible civil war and sectarian crimes in Iraq and even the other parts of the world between Shias and Sunnis. Moreover, the whole scene of conducting the execution on Saturday, the day for celebration of Eid by Sunnis (while the Shias celebrated Eid on Sunday), raised more eyebrows over the issue.
India needs to take a stern stand now. Instead of just describing the episode as “unfortunate” and sitting back, it needs to come forward and raise awareness about the possible aftermaths of this execution. It needs to prevent a possible religious war in the sensitive Central Asian region. Only then can we hope to bring real justice for the sovereign republic of Iraq.

Written By: Anubhav Jain, IIM Indore

Corruption Corruption!

Our nation is facing a chaotic situation, chaos of corruption, poverty, unemployment, illiteracy, etc. We are ranked 127th both in terms of Human Development Index and per capita income. India is ranked 88th by the Transparency International Corruption Perceptions Index (CPI) with a meager score of 2.9. The list of problems seems to be endless. We, the “bright future" of India are very happy about the GDP growth of around 9% as it is in some way serving the ultimate purpose of getting a good pay package at the end of our academic life. But the question that remains unanswered is that is this growth really helping in the development of our nation. The biggest foe of development is corruption as it’s affecting all the four pillars of our democracy namely the judiciary, the legislature, the executive and the press.
Someone who has got a rational thought process can ponder on this simple universal truth, the truth that power corrupts. We have often heard of the saying that knowledge is power. So we as students have been learning to study hard and be evil for all these years. Of course this is not explicitly stated anywhere but by the time we get to know why we are studying; this is the logic which initially defies our moral and ethical learning. Slowly we learn to live with such undemanding reality and our conscience fades because of the tempting power which we will soon have. As I said earlier that we are the “bright future“ of our beloved nation, so we need to find a way out to avoid these kinds of conflicting thoughts. For this we have to first analyze the authenticity of the above truth. It is said that power corrupts, but actually it's truer that power attracts the corruptible. Sensible people are usually attracted by other things than power. They are attracted by the responsibility which comes along with power. Power can never come without responsibility. By power I not only mean a position of authority or some post or some honor bestowed upon us. Power also includes the capability to read and write. This may not be considered power per se in countries like US and UK but in India where literacy rate is around 60% and even the inclusion criteria for so called literates is depressing it 's definitely a power. Education should give us the aptitude to ask questions, to make use of laws like Right to Information Act, Consumer Protection Act, etc. Education gives us the ability to question the existence of so many laws in our land which may perhaps be the largest in number in the world. Our Income Tax Act is surely the largest one in the world in terms of size but sadly not in terms of content. Tax evasion in India is breathtaking. The size of parallel economy is almost half the size of our GDP. There is a famous quotation "The more corrupt the state, the more laws.” I would like to add that the more complicated the law more corrupt are the people who understand it. That 's the reason why the list of most corrupt people include politicians, police, lawyers and professionals like Chartered Accountants (auditors), doctors etc. It does not shock Indians anymore to know that not only the ministers and IAS & IPS officers are corrupt but even the judges, professors, doctors and NGO organizations are also giving them good competition.
But corruption is not restricted to these strata of society. It’s trickling down to the bottom of the pyramid. Corruption is not only prevalent amongst rich who are greedy in spite of possessing enough but also amongst poor. I dare to say that up to a certain extent our education is also responsible for this. The way of transfer of knowledge in our nation is not taking into considerations the above stated simple yet inevitable facts. The surest way to corrupt a youth is to instruct him to hold in higher esteem those who think alike than those who think differently. We are thought to think like the western world but India is very different in all the aspects of life. We can use our grey matter in developing some India centric education system which lays emphasis on learning with earning to solve the problem of poverty and illiteracy. We need build India centric business model, which could be implemented with minimum capital, have scope for innovative ideas and serve as employment generator for the society. We are not here to accept the things as they are. We can’t be adorned by the golden words "bright future" if we are so dull that we only see what we want to see. We have to change the way we look at the world and we look our self. We have the power, what we need is desire to take the responsibility. To question what we do and then to question what people around us are doing.

Written By: Vineet Patawari, IIM Indore