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Start-Ups, Not Bailouts by THOMAS L. FRIEDMAN
From The New York Times:
OP-ED COLUMNIST: Start-Ups, Not Bailouts
If we want to bring down unemployment in a sustainable way, we need to create a big bushel of new companies. And fast!
http://s.nyt.com/u/H7t
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Link:www.nytimes.com/2010/04/04/opinion/04friedman.html
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chhavi Rajawat
A student of Rishi Valley Bangalore and Lady Shriram College, Rajawat topped up her education with a business management degree. She worked with five comapanies in various capacities before changing focus.
But today, as Chhavi heads NREGA meetings in her village dressed in jeans and T-shirt, she is fast emerging as the changing face of rural Rajasthan. "It should change. There is so much one can do," she says.
"In fact, my business management degree is helping me take care of the village better. It is a sort of social work that runs in my blood," says the woman who became sarpanch on February 4.
And it is a change that Chhavi attributes to her grandfather Brig Raghubir Singh. As sarpanch of Soda, years ago, he had made Chhavi's mother drive through the village without a veil. Villagers looked surprised as the car entered but no one uttered a word.
Rajawat says she waded into politics, backed by the villagers. "There was an uprising against the sarpanch. The villagers did not want him and though I was pitched against his wife and another woman, I managed to win. The villagers see me as the daughter of the village and wanted me to contest," she says.
Chhavi Rajawat, the corporate girl-turned-sarpanch from Rajasthan, says she’s used to rural life. "I am used to it. I grew up playing with kids of farmers. Besides, my parental house is in Soda, so I spend time there and don’t miss anything. I am pretty comfortable," she says. Besides being sarpanch, she also tends to a hotel that the family owns in Jaipur and the numerous horses that are part of her riding school. "It’s a passion," she explains.
She’s also trying to change mindsets. "Villagers have got used to not working and taking partial payment for NREGA. I have to change that. I go on surprise visits and give them a scolding or two if they are not working," she says. "But my focus is on bringing safe drinking water and increasing job opportunities in the village by involving NGOs," says Rajawat.
http://economictimes.indiatimes.com/news/politics/nation/30-year-old-MBA-grad-Chhavi-Rajawat-quits-job-to-be-sarpanch/articleshow/5657304.cms
Bio-pharma sector full of opportunities'
KADAPA: India will soon become a focal point for research in biotechnology and there is vast scope for development in bio-pharma sector in the wake of globalisation, Prof. A.S. Prasad Reddy, professor in management in University of Lund in Sweden said on Tuesday.
Delivering a Foundation Day lecture on “Economics of innovation management in biotechnology” at Sir C.V. Raman Science Centre in Yogi Vemana University, Prof. Prasad Reddy said major nations like Brazil, Russia, India and China were simultaneously progressing rapidly unlike in the past. India's Gross Domestic Product could reach 50 per cent of the GDP of 16 rich nations by the year 2050, he hoped.
In this backdrop, companies belonging to advanced nations were starting ventures in India in order to cater to the needs of people according to their income-levels, Prof. Prasad Reddy asserted.
He stressed the need for producing newer products particularly in the pharmaceutical sector and undertake need-based research.
Multi-national companies and Indian pharmaceutical companies were entering into tie-ups on research and development and marketing deals to tap the market, he added.
MoU
The monopoly in pharmaceutical field would be eroded with the Indian and MNC companies signing memoranda of understanding (MoU) on mutually beneficial research and evolving new medicines, he stated. Inter-departmental research was in progress in the fields of communication technology, biotechnology and newer management practices, he added.
New avenues
Prof. Prasad Reddy foresaw the scope for newer products and industries due to development of research and development in India.
Quoting a Business Line survey, he said India bagged credit for innovation on account of the “Nano” car developed in the country. Pharmaceutical research could lead to new medicines being available at cheaper prices, he said.
Yogi Vemana University Vice-Chancellor A. Ramachandra Reddy, who presided over the meeting, said more such lectures would be organised by the university in due course.
YVU principal S.Vali Pasha, faculty members of Economics, Biotechnology and Management and students participated.
http://www.hinduonnet.com/2010/03/10/stories/2010031051760200.htm
Delivering a Foundation Day lecture on “Economics of innovation management in biotechnology” at Sir C.V. Raman Science Centre in Yogi Vemana University, Prof. Prasad Reddy said major nations like Brazil, Russia, India and China were simultaneously progressing rapidly unlike in the past. India's Gross Domestic Product could reach 50 per cent of the GDP of 16 rich nations by the year 2050, he hoped.
In this backdrop, companies belonging to advanced nations were starting ventures in India in order to cater to the needs of people according to their income-levels, Prof. Prasad Reddy asserted.
He stressed the need for producing newer products particularly in the pharmaceutical sector and undertake need-based research.
Multi-national companies and Indian pharmaceutical companies were entering into tie-ups on research and development and marketing deals to tap the market, he added.
MoU
The monopoly in pharmaceutical field would be eroded with the Indian and MNC companies signing memoranda of understanding (MoU) on mutually beneficial research and evolving new medicines, he stated. Inter-departmental research was in progress in the fields of communication technology, biotechnology and newer management practices, he added.
New avenues
Prof. Prasad Reddy foresaw the scope for newer products and industries due to development of research and development in India.
Quoting a Business Line survey, he said India bagged credit for innovation on account of the “Nano” car developed in the country. Pharmaceutical research could lead to new medicines being available at cheaper prices, he said.
Yogi Vemana University Vice-Chancellor A. Ramachandra Reddy, who presided over the meeting, said more such lectures would be organised by the university in due course.
YVU principal S.Vali Pasha, faculty members of Economics, Biotechnology and Management and students participated.
http://www.hinduonnet.com/2010/03/10/stories/2010031051760200.htm
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