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January 30, 2010
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Robin Hood and CSR
Across the ages, there have always been supporters to the very concept of Robin Hood i.e. it is OK to rob the evil. Also In today’s civilized world, one cannot expect that much bodily harm for being unpopular, yet one is not surprised if the people being closed minded and biased against Bad Guys. This is something which is terrible for business and hence companies have to walk an extra mile to develop a favorable public opinion.
Although there is no denying fact that many companies, out of altruism, work towards making the world a better place. However for a majority of the companies CSR is part of their PR activities.
January 29, 2010
Goodwill in Business
Today I was going across the credit growth numbers of Indian Banks and was surprised to find out that between 16th Jan 2009 to 15th Jan 2010:
Foreign banks lost 9.7% of their business. (credit offtake)
Private Banks grew by mere 9.8%
While Public sector banks which almost constitutes 75% of the total credit offtake grow by an amazing 16.8%
Private and foreign banks tend to have leaner operation cost and more convinient services resulting in lower rates and ease in obtaining credit. Now there can be 2 reasons why the public sector banks are growing at the cost of Private/foreign banks:
1. They are working extra hard to make themselves accessible to their customers while charging them competitive prices.
2. Over the past couple of years the story of private banks man-handling and threatening their defaulting customers have scared even the good customers away.
Tradition demands that the loan shark be shrewd and cold blodded in order to be able to recover his outstanding. However looks like the Public and the foreign banks in India have taken these saying a bit too seriously because now their customers are scared of them.
Note: This theory is unsubstantiated. I really need to organize myself to find out time to dig deep into it before I can confirm what I have written here.
January 10, 2010
Mini Cooper Boxes
These days advertizers are leaving no stone unturned in order to find a spot to promote their products.
This innovative campaign of mini cooper uses the garbage spots to reinforce the point that the Cooper is small enough to come in boxes. More in this link
January 9, 2010
rape and death penalty
I was always against the demand for death penalty for rapists. My reasons were:
1. I believe that society is a lot to blame when they sometimes assume that the victim did something wrong.
2. Death Penalty is taken quite seriously by law. Hence it means almost infinite appeals, re-opening the case at the smallest pretext and getting involved in a lengthy and costly legal battle. If someone believes in delayed justice being equivalent to justice denied, then this change in law will only increase the victim’s agony.
3. Usual crap against the very idea of death penalty esp. does state or anybody have a right to take someone else’s life.
However this Wall Street Journal & Mint’s article presents an economist’s view against harsh punishment. If you get time do read it because I like their treatment to the subject.
