The best minds of the State budget main Business School, press their “know-pool” to do more work-friendly industry. The effort is part of government’s initiative to introduce labour reforms for the sector unorganisierte.

The State Ministry of Labour-Xavier Labour Relations Institute (XLRI), implementation of an extensive study on the progress of industrial disputes and union Acts, as workers more gracious, with an emphasis on social security. The proposal was adopted by the B-school to a high-level meeting today.

At the meeting which lasted nearly two hours on campus XLRI, labour department officials, headed by Minister Raghuvar suggested that the study should XLRI industry disputes Law, the Law Association and the Confederation the problems faced by workers unorganisiert the industry.

When contacted, said the Labour Department was committed to the welfare of workers in the sector of unorganisierte, he said, were most affected because of the worst “of indifference and apathy” l ‘employer.

“We XLRI during the study on the social aspects of security in the secondary sector unorganisiert studies of commerce and industry dispute European Union. B-school authorities have shown a positive response and gave to the implementation of the exercise, said the DAS. The survey was thinking that in a month.

However, a team of the division of labor, composed of the Secretary of Labor and the Commission’s work would be Kerala and Maharashtra Tour of February 2 to labour legislation.

“We will check the labour laws of both countries to help one political work and the union Act. We asked the XLRI necessary given that the know-how in the field of industry of the relationship. We hope that XLRI entries help the framework of a effective labour market policy,”he said.

The Ministry of Labour also has a High-Level Commission, headed by the Commissioner current labour market on the revision of labour and trade union laws.

The top recommendation of the commission should also be taken during the development of the labour market policy or for that matter, any necessary changes to labour law.

Sources said during the meeting the question of creating their own work animal welfare-XLRI Fund discussed with the authorities, welcomed the proposal and agreed to consider the issue in its report.

Others present at the working meeting with the secretary AK Sinha, the work of Commissioner Dhirendra Mishra, Deputy Commissioner of Labour, is Singhbhum Akhileshwar Paswan and XLRI team was represented by the dean, academics, EM Rao.

The role of a Human Resources (HR) manager has gone far beyond the conventional ’managing employees of an organisation’ perspective. The competition prevalent in the industry and its inherent dynamism have transformed HR from a mere support function to an important ingredient of a company’s core functions, professionals note.
Courses aplenty

Cognizant’s HR Vice-President Bhaskar Das says a good HR professional is one who is able to balance and align individual aspirations with priorities of the organisation. “They need to have a good understanding of the entire life-cycle of the HR function from recruiting to talent management/talent development to leadership development.” And this is where a good course could possibly help.

Aspiring HR professionals of today have several courses to choose from. Whether offered as a specialisation in a management or social work programme or as a certificate or executive course focusing just on HR, institutions seem to be fully aware of the industry requirements. The Loyola Institute for Business Administration (LIBA) offers an Executive Post Graduate Diploma in Human Resource Management apart from HR as a specialisation in their management programme.

The Executive Diploma covers areas such as, Interpersonal and Intra-personal Dynamics, Organisational Dynamics, HRD in Organisations, Training, Development and Performance -Reward Management. Director of the institute P.Christie says: “There are several changes in the HR field. A global perspective has become vital for an HR manager.” And this has changed the perspective of institutions. The reliance on labour laws is comparatively less and HR managers are being trained in the area of analytical thinking to meet the demands of the service industry, he adds.

“Today a HR manager cannot survive with mere soft skills. Quantitative ability and reasoning are also very important.” Students with an HR specialisation from the Department of Social Work at D.G.Vaishnav College are much sought-after in the industry. The HR divisions of several leading companies are headed by alumni of this institution.

Head of the Department Vidhya Srinivasan attributes it to their approach that goes beyond the text book. “We have several internships, workshops and practical training sessions to give students a good understanding of the trends in the industry.”

“Every student passing out would have had a stint in an NGO, a corporation school, a company’s Corporate Social Responsibility (CSR) wing, a manufacturing company, an IT and IT-ES company. Students are urged to do internships in other cities to get an idea of labour dynamics in other parts of the country. We also get leading HR professionals to address our students. Our faculty go out of their way to fully equip students and make them industry-ready,” Ms.Srinivasan adds.

The goal of eight per cent annual growth rate of the tenth plan is “no ambition”, provided that the negative effects of the investment climate is corrected. TN Srinivasan, a renowned economist and former professor at Yale University .

The logic behind the professor Srinivasan optimism is generally a high level of economic growth, a peak of 7.5 per cent in 1996-97, in an era of liberalization (which began in the early years eighty-even, even if at that time was “financed by debt and unhaltbar”und led to the crisis of 1991) and the fact that, despite high budget deficits and international debt, there is no crisis of inflation and deficits of the balance of payments to make. indeed, he says, unlike the situation that the devaluation of the rupee in 1966 and the implementation of the requirements of the IMF that date.

“Given the fact that there is no macro-economic crisis, no inflation, and that $ 70 billion of foreign exchange reserves despite a combined budget deficit (funds, state and public sector enterprises) d approximately 12 per cent of gross domestic product (GDP), India should see a plethora of foreign investment. If this is not done, because the investment climate is negative,’’said Professor Srinivasan, addressed to a rally last week that the ICFAI Business School (IBS) .

Thus, right, the investment climate, he wanted priority to the reform of labour legislation and the financial sector. PC Mahalanobis, who are not “good reactionary,” said in 1960 during the second Indian Labour Conference (ILC), that India is the labour laws were the model of those in developed countries and militated against the development of manufacturing employment. He (Mahalanobis) Wies out that there is no link between wages and productivity and entrepreneurs have little freedom in the recruitment and dismissal.” Mahalanobis had also for the treatment of collective redundancies by a pool of labour, unemployment insurance and retraining. “Attempts

Following the reform of labour law were only pale echo of what Mahalanobis favorable”observes Professor Srinivasan.

The fact that organizations of industrial workers is barely 10 percent of the total amount of present and that two thirds of the staff has been linked to agriculture has shown the failure of public sector and import substitution model pushed Economic and this, rightly noted the summer recent report of the Second National Commission for Employment.

He felt that the false signals were the financial sector by the recapitalization of the bank Indian and three massive government bail-out “of the unit Trust of India (UTI). In contrast, China, with its accession to the Organization World Trade (WTO) to demand reform the financial sector, which had accumulated huge non-performing assets (NPAs) and state enterprises - the reforms that they have not been able to achieve within the national (political) context.

Prof. Srinivasan said that the eradication of poverty “remains a utopia”, unless the rate of economic growth has been accelerated. Even in the” late, unlamented era of five-year plans”, the main focus has been increasingly on the elimination of poverty by accelerating the growth of economic activity. However, there was little consistency and coherence between the long-term perspective provided in the medium term of five years of annual plans and short-term plans. “I do not understand how the left calls for liberalization, has demonstrated the potential of increased economic growth, is anti-human. In fact, it is the policy framework, which condemns Hindu India in the growth rate of less than four per cent, is the anti - Man,”he said, mentioning China and a more consistent economic growth. Sets India, upholding democracy as an excellent performance, unlike China, he said, this was not the problems of democracy in India, but the lack of transparency, bureaucracy and political Discretion leads to corruption.

Contrastés of liberalisation in India (in the form of 1991) and China (since 1978), he said China started distortions in the basic sectors such as agriculture at the beginning of the reform. It abolished collective farms and households to promote agriculture, which has led to a sharp increase in productivity. She put the economies of free zones along the coast, with “no hang-ups”über foreign participation or labour legislation, while India, the creation of its first free trade area (FTZ) at Kandla earlier than the sixties, the import of the Closed-economic mode of thought in the area.”China has had a successful foreign direct investment (FDI) in infrastructure, while India “messed up”es was evident, as in the energy sector.

Today, China’s share in world trade has increased by 4 percent now 2.5 per cent in 1978, while India’s share declined from 2.5 per cent at independence the 0.5 per cent before the economic reform and has provided almost 0.7 Percent in 2000. “China is the fourth dealer in the world, while India 31 in the world ranking of trade. Who can mind, which indicates to India to the WTO?”Visiting Professor Srinivasan.

Just as the granting of a substantial part of foreign direct investment from overseas Chinese China have had experience in manufacturing personnel of India, unlike most professionals who were, he said There were still a large gap in foreign direct investment attracted by the two countries.

India-DI-be exaggerations figures, taking into account that the definition of foreign direct investment in India subject to approval than others and also taking into account the “round tripping of the national capital”( namely, Indian economies are routed from the outside that foreign investment to exploit concessions to foreign investors).

According to The Economist, human resource development through primary school and primary health care, which was sadly neglected in India, but was itself not a sufficient condition for economic growth Quick. China had developed its human capital as early as the sixties. But it could HR advantage to take full advantage after their effective economic policy framework in 1978.

It was against the recommendation of the Kelkar task force on increasing income limit exemption. Recalling that the tax system: report of India’s GDP is among the lowest in the world, he said, that the modest tax rate, the calculation of the base should be broadened and streamlining the tax administration collect more revenue for investments in the social sphere by the state.

Chennai, Jan 5 financial sector reforms, including privatization must be much farther and India should abandonment by governments, banks, enterprises, according to Professor TN Srinivasan, an economist and former chairman, Department of Economics’ s Yale University, USA.

ICFAI Business School addressing a meet here on Friday, said Professor Srinivasan these broad reforms were a prerequisite to account convertibility of capital, which was necessary for India to full integration into the global economy. To do so, India must be based on a “clear and credible” timetable for achieving the balance of capital and the convertibility of the function In the meantime, open capital account, he said.

To be taken seriously into consideration the global arena, India must look seriously on improving their share of world trade, which stagnated at less than 1 percent against 2.5 percent during the independence. The main constraints that it is also poor infrastructure, for example, the road in the state capital (Chennai) was “bleak”. Network for rural development must be strengthened to provide connectivity between production costs and markets. The labour laws must be renewed at the exit flexible and bankruptcy reform strategies, he said. The second Commission report on the work of reform has attributed the shortcomings in the industrialization process of labour law. There was no link between productivity and wages, employers would not hire and fire. This has paved the way for an “aristocracy eingefahrene working with their interests protected by politicians,” he said.

A rapid and sustainable growth was the key to poverty eradication, a goal shared by all the five-year plans.

A strategy of promoting growth was crucial for India in this phase, with an increase in taxes as a proportion of GDP. Extending the tax base and modest price, an important factor. However, the Kelkar Committee report limit the tax exemption, which was relatively high compared to GDP per capita. This resulted in a reduction of the base, he felt

The Indian Institute of Modern Management (IIMM) has been ranked the best business school (B-school) in Pune in a Business Today survey and is among the top 50 B-schools in India. It is an autonomous management institution with state-of-the-art infrastructure and over 300 computers and a library with books worth more than Rs75 lakh. It has a unique course curriculum and innovative training methods that ensure practical exposure to industries, thereby making IIMM’s management programme more effective. The institute has attracted over 150 companies for placements and the final placement companies include Bharti, Phillips, Parle Foods, Pepsi, Arvind Mills and Sahara India. IIMM conducts classes, workshops, seminars, personality development programmes, presentations, corporate interactions and other co- curricular activities and its students pursue Masters Degree in Labour Laws and Labour Welfare apart from human resource (HR) and HR-related subjects.

The students also receive information technology (IT) training and companies such as HLL, LG, Whirlpool, Britannia, Electrolux, Reliance, Tata Engineering and Locomotive company (Telco) and Tata Technologies Ltd have accepted the HR students for project studies with them.

BANGALORE: The lop-sided focus on information technology industry by the government may lead to a social problem in the future. Yes, the IT sector may have the power to increase the per capita, but it is only the manufacturing industry which can provide the job opportunities.
Basing the theme on the need to give manufacturing industry its due, the Indian Institute of Management Calcutta Alumni Association, Bangalore Chapter, is hosting a seminar on ‘Indian Manufacturing, challenges, strategies and best practices’ in Bangalore on April 12.
Chairman of the organising committee Anil Tendulkar said that India has been missing out on opportunities in the manufacturing industry both locally and globally, by not creating an environment conducive to the growth of the industry.

“Take the case of China, where 35 per cent of its GDP is from manufacturing. In India, the contribution of manufacturing industry has slipped from 19 per cent to 16 per cent over a period of three years. Considering the importance of the manufacturing industry for creating jobs in the future, it is imperative that we take corrective action.”
While liberalising labour laws, steps should be taken to reduce cascading taxes through VAT and bringing down taxes to a level of 15 per cent.

Tendulkar said there is a misconception that liberalisation of labour laws will lead to mass unemployment. On the contrary, the opposite is true. Liberalised labour laws may lead to retrenchment in the short run. In the long run, many industries would want to set up factories as they would feel secure to the flexibility in connection with labour deployment.
China creates 2.50 million jobs per year in the manufacturing sector as against only one million in India. Also, drop in local taxes will lead to a spurt in domestic demand, which in turn will promote local manufacturing industry and employment.
The objective of the seminar is to drive home the need to speed up the actions required to capitalise on the opportunity that manufacturing offers and also to educate participants on the various issues involved.

A number of eminent personalities including Tata Sons Limited executive director R. Gopalakrishnan, Hyundai Motors India Limited president BVR Subbu, BEA country manager Srikanth Rao, Asea Brown Boveri vice chairman and managing director Ravi Uppal, McKinsey India engagement manager Deepak Goyal, The Economic Times senior editor Narendar Pani and Peenya Industries Association founder secretary and ex-president N. Narasimhan, will form the panel of speakers.