Now Nuclear Parks for the Hindu Super Power

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Aug 18, 2008, 12:19:29 PM8/18/08
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Now Nuclear Parks for the Hindu Super Power

Troubled Galaxy Destroyed Dreams: Chapter 48

Palash Biswas

INFLATION AND MORALS
- The answer to inflation is to cut down defence spending
Ashok Mitra

Please have a heart; to ask a government wedded to the philosophy of
the free market to discipline the demon of rising prices would be no
less than cruelty. Inflation opens a floodgate of opportunities for
producers and traders. A time lag exists between the production of a
commodity and its sale. If prices shoot up during this interval, the
producer makes a windfall profit in addition to the normal profit he
already had borne in mind in his calculations. Given the gap of time
between the purchase of stocks and their actual sales, the trader too
experiences a windfall gain if market prices shoot up meanwhile. Free
market economics ordains non-interference on the part of the
government with happenings in the market. The continuing process of
inflation helps producers and traders to keep making windfall profits.
They should be allowed to do so, admonishes the doctrine of laissez-
faire, the government must look the other way.

Such, then, is the crux of the matter. Inflation in the country, as
measured by movements in the wholesale price index, is currently
spilling beyond the rate of 12 per cent; in terms of the retail price
index, it must be even higher. The government, given its commitment to
neo-liberalism, can only watch the situation. It watches the situation
with complacence for another, more intimate reason. The producers and
the traders who are gathering in the profits are its classmates; their
support sustains the government.

True, there is the other point of view. Whatever its class interests,
the government functions within a democratic framework and will have
to face the electorate soon. The overwhelming majority of the
electorate consists of the poor and middle classes who are the
severest victims of inflation. They could very well turn away from the
parties constituting the government in case the wounds inflicted by
rising prices become intolerable. Should not the government, for dear
life, do something to save itself from the wrath of the people? For
instance, could it not arrange to supply, through the public
distribution system, essential commodities at a subsidy to the less
fortunate sections? No, it could not; the proposal would be
immediately shot down by decision-makers who shape and guide the
destiny of the government. It is all very simple. Subsidized supply of
commodities would adversely affect money-making by producers and
traders; demand gets diverted from the free market to the public
distribution system. That is as good as sabotaging the free market.
The government, therefore, makes up its mind; it would not expand — on
the contrary, it would phase out — the practice of supplying essential
goods at subsidized prices.

Please read the complete story.

http://www.telegraphindia.com/1080818/jsp/opinion/story_9699845.jsp




Well, some friends of the Sensex shining India Ruling Hegemony have
chosen to launch a hate campaign against me with xxx abusive language,
I despise to quote. I hate to reply those illogical biased words of
hatred. But is is an indication that I am shooting on Target!

They did not allow Dr Baba Saheb Ambedkar to enter the Constitution
assembly from Maharashtra and closed every door and window for his
entry. The East Bengal Untouchables led by Jogendra Nath Mandal
elected him for the Constitution assembly. Even in Independent India,
they did not allow Dr Ambedkar to address his people in Gandhi Maidan,
Patna. Dr Ambedkar could win no election in Independent India. neither
Jogendra Nath Mandal could.At least, I am not so great. But the
fascist Hindutva gladiators and ruling Hegemony Gestapo never allow
any democratic space for black untouchables in India. The Global
ruling class is quite adamant to implement the new global order of
Post Modern Manusmriti Apartheid Hindu Zionist White Corporate Galaxy
Imperialism led by United state of America.

They are very angry with my recent article, `Kashmir Conflict is
Master Minded Hindutva Strategy to Stop Anti US Movement in India’.
RSS projected next Prime Minister did not utter a single word against
US Imperialism . Neither did he spoke a single word against strategic
re alliance led by US and Indo US Nuke Deal in hyper hyped
Parliamentary Nuke Opera during Trust Vote debate. Rather Mr Adwani
used the opportunity of opening the debate on so called national
Interests to address and mobilise the Hindutva Gestapo against Muslims
in India which resulted as disaster on the Kashmir front. I had to
write,` They Stopped Myawati and They May Stop Barrack Obama, too’
with a disclaimer that I never believe in personal Karishma and Vote
Bank Equation as ways of dalit Liberation!

What is happening in Kashmir ? It is quite reminiscent of pre
partition Bengal where Hindu Mahasabha did its best to provoke riots
as well as Muslim Nationality to partition India so that the Brahmins
could hold the Power! RSS is dividing the already divided geopolitics
bleeding! NDA and UPA have aligned! The Ruling Hegemony as a whole is
all out to defend US weapon and war economy corporate MNC interests in
South Asia!


Nuke deal is going to be operationalised very soon thanks to the
Ideological Hypocrisy of Brahmin Marxists in India as they wanted the
precious time launching an international anti imperialist movement!

Now the Ruling Hegemony has decided to establish Nuclear parks beside
SEZ, Chemical Hubs, Retail chain, LPG, Economic reforms,
indiscriminate industrialisation and urbanisation to complete the
agenda of Annihilate Indigenous Black Untouchables!

Yes, I never believe in Dalit Movement. I don`t believe that the goal
of destroying the Manusmriti Rule of Caste System be achieved while we
just bank on Casteology or reservation! As our senior friends VTR
believes.

I never support US imperialism and Globalisation to create space for
dalit Liberation or empowerment of Dalits. More over, I don`t believe
in the concept of dalit or depressed as we are the mainstream majority
people and the rulers, the Brahmins are a micro minority , mere three
percent of Indian population. All the Mischief is done by this micro
minority as they have sustained the caste system which divides the
society into more than six thousand castes. I am not a blind
Ambedkarite who escaped the prime task to address the nationalities.
Thus, the Ruling Hegemony is successful to divide the aboriginal
indigenous majority people further into SC, ST, OBC and Minority
groups! I believe in Marxism as well as Indigenous National
identities!

Today, in the first hours of Morning I called our philosopher poet
friend, the Marxist Minister Anil Sarkar in Agartala and asked if any
way is out there to stop NDA and UPA to sustain the Ruling Hegemony
crushing and annihilating Indigenous communities!

Anilda spoke,` Mayawati happens the only option and we must rally
behind her to stop RSS as well as UPA!’

I discussed with him about the fate of Gauri Amma in Kerala who was
responsible to mobilise the Marxist Vote Bank in Kerala. Since Gauri
Amma is a dalit, she was ousted from the party to accommodate
Achutyanandan! I had asked him in New Delhi how CPIM would sustain the
party line to project the dalit queen as Next prime Minister candidate
with apotential risk to lose support base among the Caste Hindu
communities in Bengal as well as Kerala! Anilda dismissed the
assumption as internal politics of Kearal Unit and claimed that the
Party strongly supports the master stroke of Prakash Karat!

He further defended the CPIM party Line of third front knowing my
reservations about the idea!

I asked him his reaction on Chiranjivi launching a new party in Andhra
where the Left is divided to chalk out new strategy in a scenario with
new political equations. He anticipated the following questions and
avoided to comment on. I understand his problem until the party
decides its strategy!

Anil sarkar could not comment on Nepal situation as well. he could not
welcome a Maoist Prime Minister in Nepal.

But Anil sarkar spoke on launching a united Black Untouchable global
anti imperialist anti fascist movement immediately. He also supports
the Nationality Identity as he has intensified the Mother Language
Mission campaign!

He calimed, ` Our people in Tripura supports the Prakash karat Line!’

I did not tell him that the untouchable Tripura may not influence the
Bengal and Kerala psyche!

Then he quoted from the speech of Prakash Karat delivered in a dalit
convention organised by CPIM recently in Kerala!

Do you know Ranga Naykamma, the Telugu write who has analysed
critically `Dias Capital!’

Ranga Nayakamma has written sixty books which include `Ramayana
Vishvriksham’!

Ranga Nayakamma believes ,` Marx is compulsory to solve the caste
Problem!’

In her latest book on Indian Dalit Movement she raised some very
important questions in reference to the role of Dr Baba saheb
Ambedkar!

The questions are as follows:

(A)Do we find a Scientific and historical analysis in the works and
philosophy of Dr Ambedkar?

(B)Are the thoughts of Dr Ambedkar helpful enough to solve the Caste
Problems and do they break the way of dalit liberation?

(C)Do the Abedkarites of Modern times involved in dalit Movement
follow the Path of Dr Ambedkar?

(D) Is the Conversion is only way out to resist Hindutva? Is there any
solution of complex Social Realities in In Indian society in Buddhism?

(E) Is Dr Ambedkar`s criticism of Marxism is based on logic?

(F) Did Dr Ambedkar studied Marxism seriously enough? Did he not
spoilt his precious time to study Indian Mythology and Holy Books
which sustain the caste system?

Well, she did not ask his credibility to lead a national Indigenous
Movement as he never did try to address nationality problem! His
failure to mobilise the ST and OBC is also not analysed properly.



But Ranga Nayakamma outlines well the achievements of Dr Ambedkar
which we dare not to neglect.

Which are those achievements?

(A)Struggle against caste system is not new. But Dr Ambedkar was the
first person who drew global attention to the Inhuman caste system and
untouchability.

(B)We are fortunate that a man like Dr Ambedkar headed the drafting
committe of Indian constitution. Dr Ambedkar is the only man
responsible to introduce Reservation in Indian constitution to provide
equal opportunity of empowerment to the depressed communities known as
untouchables.

(C) More over, it was no less a personality than Dr Ambedkar himself,
who exposed so called Mahatma, Mohan Das Karam Chand Gandhi and
Congress, the best Agents of Hindutva and Indian fascism.

(D) Then, Dr Ambedkar tried his best not only to abolish the cursed
Caste System but he also wanted to destroy the Manusmriti Rule, the
brahminical Hegemony!



(E)Dr Ambedkar could not do away with Cast System in Hinduism and he
opted to convert in Buddhism.



Ranga Nayakamma criticises Dr Ambedkar that he could not oppose the
superstitions in Buddhism where as he could expose the Myths and
superstitions in Hinduism very well with surgical precision.

I agree with Ranga Nayakamma when she concludes that Dalit Liberation
and Reservation may not help each other. Continuation of Reservation
never would make any way for Dalit liberation.

I assess the study as an objective realisation that Dr Ambedkar did
not study well the Indigenous communities as productive forces and the
indigenous production system as a whole.

Nuclear Power short-lists 4 suppliers for reactors

RAMAYANA RAPPER SELLS IN ANDHRA
According to Ms. Ranganayakamma, who is a celebrated Telugu writer
with over 50 ... The admirers of Ambedkar had kicked up quite a
protest over her book on ...
ranganayakamma.org/Two%20Reports%20on%20vishavruksham.htm - 19k -
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Biography
(Originally prepared when an English reviewer (of Ranganayakamma's
book AN INTRODUCTION TO MARX'S ... Basically she is a novelist and
short story writer. ...
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this
More results from ranganayakamma.org »

Telugu Fiction
After a successful beginning as a fiction writer, Ranganayakamma
embarked ... later entitled "Ambedkar and Buddha will not do, the only
solution is Marx". ...
www.cs.ucdavis.edu/~vemuri/classes/freshman/telugufiction.htm - 87k -
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Marxist-Leninist-Stalinist-Maoist Media » Was Charles Bettelheim a ...
17 Sep 2007 ... Recently I read telugu book titled “China lo emi
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Chandra Bhan Prasad ...
stalin-mao.net/?p=101 - 57k - Cached - Similar pages - Note this

OPE-L message, Re: [OPE-L] Caste system- surplus woman question
It is good knockabout stuff in its criticisms of Ambedkar which seem
mostly fair. ... This is an English translation of Ranganayakamma's
Telugu book which ...
archives.econ.utah.edu/archives/ope-l/2007m02/msg00060.htm - 14k -
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JSTOR: Rejecting Sita: Indian Responses to the Ideal Man's Cruel ...
The author notes: "Interestingly, Ambedkar is not the first social
reformer ...... a famous Telugu work by Muppala Ranganayakamma,
Ramayatna Vishabriksham, ...
links.jstor.org/sici?sici=0002-7189(199903)67%3A1%3C1%3ARSIRTT%3E2.0.CO
%3B2-N - Similar pages - Note this
by L Hess - 1999 - Cited by 2 - Related articles - All 3 versions

User talk:Viscious81/Archive 1 - Wikipedia, the free encyclopedia
The issue of Sita's Absence was was debated decades ago in Telugu
literature. ... Both Ranganayakamma and Arudra are 'high Brahmins' as
Dab would like to ...
en.wikipedia.org/wiki/User_talk:Viscious81/Archive_1 - 80k - Cached -
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Organisation set up to combat non-secular forces
A recent Telugu book by Ranganayakamma, strongly critical of the
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22 Jul 2008 ... The researchers opine that Jamba Purana is one among
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this



CPI(M) will fight atrocities against Dalits, says Karat




Special Correspondent






It is now prioritising mobilisation of Dalits for this fight













— Photo: Vipin Chandran

CPI (M) General Secretary Prakash Karat, Kerala Chief Minister V.S.
Achuthanandan and State Party Secretary Pinarayi Vijayan at the Dalit
Convention organised at Kochi on Saturday.


KOCHI: Communist Party of India (Marxist) general secretary Prakash
Karat said on Saturday that the CPI(M) would step up the fight against
caste-based discrimination and atrocities against Dalits across the
country.

Declaring open the Dalit convention here, he referred to the caste
segregation at Uthapuram in Madurai district of Tamil Nadu and said
the CPI (M)’s intervention there had helped in breaking the nine-foot
wall that had cut off Dalits’ access.



A survey by the party had shown that acute forms of discrimination
existed in Tamil villages. Such oppression took place in Rajasthan,
Maharashtra, and other places on a day-to-day basis and that was why
the CPI (M) was now prioritising mobilisation of Dalits to fight
against caste discrimination. The 19th party congress had mandated
such a struggle.

He pointed out that the Dalits were the worst-affected by the
globalisation-liberalisation policy as millions of traditional workers
such as weavers, farmhands and fishermen had been deprived of their
livelihoods. The CPI (M) stood for reservation of jobs for the SCs and
STs in the private sector as well as for earmarking a certain
percentage of seats in private higher-education institutions. Because
of the government’s policy of downsizing, the public sector was
shrinking leading to the shrinking of Dalits’ job opportunities too.
Noting that the privatisation of public sector units reduced the
number of reserved jobs, Mr. Karat asked the UPA government to ensure
that when PSUs were privatised, the SC-ST quota should be continued in
the privatised unit.

He contended that since many private units were heavily subsidised in
the form of cheap power, tax holidays and infrastructural assistance,
they were not exactly `private’ and that the State had a stake in
them. In view of this, the government should ensure that these firms
complied with the statutory SC-ST reservation.

Mr. Karat, however, stressed that reservation could be a temporary
relief and for a permanent solution to the Dalit discrimination, basic
social transformation was essential. It was because of the Communist
movement and the work of social reformers that the Dalits’ condition
was far better in Kerala than in any other State. The atrocities
against the Dalits as witnessed in Maharashtra, Andhra Pradesh and
Tamil Nadu would never take place in Kerala, which had in the past
been the venue of the worst form of untouchability and Dalit
oppression, Mr. Karat said.

The CPI(M)’s organising the Dalit meet has been flayed by its
political opponents saying the party was straying from its traditional
‘class struggle’ theory and that it was trying to create a Dalit vote
bank.

http://www.hindu.com/2008/08/17/stories/2008081758991000.htm



















A. Shaikmohideen

A file picture of one of the reactors at Koodankulam in Tamil Nadu.–


Anil Sasi



New Delhi, Aug. 17 With the prospects of India’s access to global
nuclear reactor technology brightening, Westinghouse Electric Company
(AP1000 series of reactors), GE-Hitachi (ABWR reactor series) , Areva
(1,000 MW European pressurised reactors) and the Russia’s atomic
energy agency Rosatom (VVER 1,000 reactors) are among the frontrunners
for new projects planned across the country.

State-owned Nuclear Power Corporation of India Ltd (NPCIL) – the
monopoly nuclear power generator – has tentatively short-listed these
four major reactor manufacturers based on “suitability” of technical
parameters for placement of orders that will form the first phase of
the Centre’s plan to build 40,000 MW of nuclear capacity by 2020,
Government sources indicated.

Nuke Parks




Once nuclear trade commences, NPCIL hopes to set up “Nuclear Parks” or
reactor clusters, for which four coastal sites have been identified
across Gujarat, Andhra Pradesh, Orissa and West Bengal.

These “parks” are being envisaged with a capacity of housing up to
eight reactors of 1,000 MW each at a single location. The orders would
initially be placed for around two reactors of 1,000 MW at each of the
locations, following which more reactors could be added .

“The model would be on the lines of the Koodankulam project, where two
1,000 MW reactors were initially set up and subsequently the site is
being expanded to accommodate more reactors,” an official said.

Officials hinted at the preference for Russian and French reactor
technology since the Indian Government has already been engaging with
them.

Russian VVER reactors are already being deployed at Koodankulam in
Tamil Nadu, while the Jaitapur site in Maharashtra was earmarked by
the DAE for possible project collaboration with the French
Government.

NSG meeting




With the India-specific safeguards agreement already cleared by the
International Atomic Energy Agency (IAEA), a special session of the
Nuclear Suppliers Group – the 45-member nation cartel that controls
nuclear commerce – to begin discussing the US-India deal is scheduled
for August 21, with at least two sessions likely to be needed to reach
an agreement on an exemption for India.

Indian utilities such as NPCIL would technically be in a position to
engage with global suppliers once the NSG exemption is through, though
the Indo-US deal would still be required to go back for an up-down
vote at the US Congress.

A senior Department of Atomic Energy (DAE) official told Business Line
that the country would like to keep its options open on the choice of
reactor types at present, with practically all global reactor
manufacturers making a beeline for India in the light of the
opportunities that could open up.

“Cost specifications and safety parameters would form the two foremost
parameters for the selection of the foreign equipment suppliers for
future projects,” the official said. Foreign reactor suppliers are,
however, unlikely to be allowed to own equity in the projects in the
first phase, officials said.

To double capacity




0 India has 17 nuclear power plants with a total installed capacity of
4,120 MW in operation. Six additional units, with a capacity of 3,160
MW, are under various stages of construction.

If nuclear trade with global players opens up, the Centre, which was
originally targeting 20,000 MW of nuclear power by 2020, hopes to
double nuclear capacity addition to achieve an installed capacity of
40,000 MW over the next 12 years.

According to US-India Business Council estimates, at least $100
billion (about Rs 400,000 crore) worth of investment will be needed to
develop nuclear energy in India over the next 20 years.





Related Stories:
Why the nuclear deal is important — Reflections on the power mix
India to push ahead with nuke deal amid strict deadline
http://www.thehindubusinessline.com/2008/08/18/stories/2008081851400100.htm

Farm debt waiver: PSBs seek interest
















K.R.Srivats



New Delhi, Aug 17

Public sector banks (PSBs) have placed a new claim on the Central
Government for their successful implementation of the farm debt waiver
and debt relief scheme in a record time.

Besides fully compensating them for the amount waived off and the
relief granted, they also want the Government to pay interest on the
amount involved.

It is learnt that some of the chief executives of the PSBs had at
their recent meeting with the Finance Minister, Mr P. Chidambaram,
suggested that the interest should be calculated from the date of
announcement of the scheme, i.e. from February 29, when the Union
Budget was announced, till the date of write-off.

Data with the Finance Ministry show that the PSBs had written off
about Rs 25,357.56 crore towards farm debt waiver and Rs 5,314.54
crore towards debt relief scheme.

“We are asking for interest from the day of announcement of the debt
waiver scheme as from that day, these accounts stopped yielding
incomes for us,” a PSB chief executive said.

Co-op banks, RRBs




After PSBs, cooperative banks and regional rural banks (RRBs) played a
major role in the farm debt waiver scheme. Under the scheme,
cooperative banks and RRBs had written off Rs 28,802.91 crore towards
farm debt waiver and Rs 6,565.41 crore towards debt relief scheme.

The Government is likely to provide for some compensation to the PSBs
for the debt waiver scheme during the first batch of supplementary
demands for grants when the monsoon session resumes.

http://www.thehindubusinessline.com/2008/08/18/stories/2008081851280100.htm



Private sector investments in key sectors sharply down























D. Sampathkumar



Chennai, Aug. 17 The number of projects initiated in 2007-08, by the
private corporate sector for implementation, in key sectors such as
petroleum, sugar, textiles etc. is sharply down as against the
previous year, a study by the Reserve Bank of India (RBI) reveals.

In its latest monthly bulletin (August 2008), the RBI says that as
against 258 projects expected to cost around Rs 26,000 crore taken up
in 2006-07, the number has come down to 128 with the projected
investment pegged at Rs 10,700 crore.

Ironically, the development comes in the face of textile enterprises
seeing a slight improvement in export prospects with problems plaguing
the Chinese industry and units in other countries with which India
competes in the global markets, as this paper reported in its edition
dated August 17, 2008.

Similar tale





It is a similar tale in other sectors as well with both the number and
project costs scaled down sharply. However, metals and hotel
industries have shown buoyancy. (See Table).

The waning corporate interest in committing fresh investments is
evident from another piece of statistics published by the RBI for
2007-08.

Such investments overall, which have shown a consistent rising trend
in recent years, is flat for the first time in the year just gone by
compared to the immediate previous year.

From a figure of close to Rs 73,000 crore in 2003-04, the projected
fresh investments in 2006-07 had gone up nearly four fold at Rs
2,83,440 crore. But the subsequent year sees the private corporate
sector investing only Rs 2,84,371 crore - a clear decline in real
terms if inflation is taken into account over the project
implementation period (See Table).

Worrisome feature











Another worrisome feature evident from the RBI data is that the
entrepreneurial base is also shrinking with fewer new projects being
taken up, but involving bigger-ticket investments to make up the
higher value. For instance, it took roughly 1,054 new projects to
notch up a figure of Rs 2,83,440 crore in 2006-07.

But nearly the same project size ( Rs 2,84,371 crore) was reached with
nearly 150 fewer projects (910, to be exact) in 2007-08.

As the RBI data make it clear, the private corporate sector’s
overwhelming focus on infrastructure projects such power, telecom,
ports, airports, roads etc. while boosting up the numbers
simultaneously masks the declining business fundamentals in others
sectors where fewer projects are coming up.

Indeed, infrastructure which accounted for only a third of new
projects in 2005-06 now constitutes close to half the value of fresh
investments committed by the private sector.

Of particular interest is the growth in the number and project values
of Special Economic Zones (SEZs) and IT parks which have seen a ten-
fold increase in the value of investments. Promoters have clearly been
able to persuade financial institutions to discount political risks
while backing these projects.



More Stories on : Economy | New Projects | RBI & Other Central Banks



Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

http://www.thehindubusinessline.com/2008/08/18/stories/2008081851380100.htm


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MNCs seeking HR firms’ help to ‘outplace’ employees

















Moumita Bakshi Chatterjee
K. Bharat Kumar



New Delhi/Chennai, Aug. 17 IT companies are now roping in HR firms for
‘outplacement services’ to help workers, who have been asked to leave,
to find new jobs.

Outplacement is gathering momentum with the US slowdown casting a
cloud on hiring, and delay in client decisions forcing companies to
cull jobs and weed out non-performers from the rolls, “Outplacement
service is a global practice, but in recent times we have seen MNCs
adopting it in India.

The demand for such services has picked up steam since the beginning
of 2008 and we have offered ‘outplacement assistance’ to three MNCs
for almost 250 employees,” Mr Kris Lakshmikanth, Chief Executive
Officer and Managing Director of Head Hunters India, said.

He said that his firm offers resume and interview assistance, career
counselling and placement services to candidates affected by lay-
offs.

Likewise, Ms Saundarya Rajesh, CEO of Chennai-based Avtar Career
Creators, pointed out that company is seeing a rise in requests from
IT and BPO companies to ‘outplace’ employees.

“We have received profiles of between 1,000 and 1,200 employees in the
last three months, and this has been initiated by the HR departments
of companies in the IT and BPO space,” she added. These profiles have
come from about three-four companies to Avtar.

Different ways





Ms Rajesh adds, “After specifically communicating to employees that
the company cannot retain them anymore, HR chiefs typically contact
recruitment firms for help.” In these cases, employees can take leave
and continue to get paid as they hunt for other jobs.

Interestingly, in certain cases, HR departments circulate the resumes
in the market without necessarily communicating that to the employees
and quietly welcome departures resulting from the move.

At times, the company that has given the mandate to the outplacement
firm pays the latter for its services (in addition, the recruitment
firm also charges the new employer for the placement).

“However, that is not an industry norm as yet, and in most instances,
the recruitment firm gets paid by the new employer after the candidate
is successfully placed,” says Mr Rishi Das, CEO of CareerNet
Consulting, a company which has taken up six ‘outplacement
assignments’ since August 2007, involving nearly 400 employees.

However, Mr Das feels that it is not as if IT and BPO companies are
‘downsizing’.

‘It’s right sizing’





“IT companies were hiring aggressively earlier but given the brisk
pace of business, they were unable to let go of the bottom 10 per cent
workforce despite the fact that such employees did not pass the
performance muster.

That is changing now — with the US slowdown affecting new projects,
companies are taking stock, weeding out non-performers and then
recruiting afresh to bridge the shortfall,” he said.

Also in some cases, mergers and acquisitions are leading to
duplication of processes and functions, prompting companies to hand
out pink slips.

Layoffs are also coming from start-ups who were operating on a limited
number of projects, he said, adding that his company had offered
assistance to three such companies.



Related Stories:
‘HR leaders should be up to managing diverse workforces’
Employee referrals dispel hiring blues


More Stories on : Information Technology | Human Resources



Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

http://www.thehindubusinessline.com/2008/08/18/stories/2008081851270100.htm



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