The Indian Panorama

Month: July 2018

  • Indian appointed head of top Chinese biz institute

    Indian appointed head of top Chinese biz institute

    BEIJING(TIP): Dr. Dipak Jain, a prominent Indian professor in the US, has been appointed as the new head of a top global business school in China, according to a media report. Jain, 61, will take over as the European president of the Shanghai-based China Europe International Business School (CEIBS), replacing Pedro Nueno who held the position for 28 years.

    Dr.  Jain is the European President-Designate, Professor of Marketing and Global advisor at CEIBS. He is a globally recognized marketing and innovation expert whose insights have inspired a generation of business leaders to pursue success with significance. Dr. Jain’s influential career spans nearly four decades as an educator, a senior business school administrator, and a consultant to corporations and governments. Throughout his career, he had furthered a pedagogical model that combines academic excellence and business relevance to produce high-impact results with social significance.

    Prior to being named Sasin’s Director in 2014, he served from 2011 to 2013 as Dean of INSEAD, an international business school with campuses in France, Singapore and Abu Dhabi. Before joining INSEAD, Dr. Jain was Dean of Northwestern University’s Kellogg School of Management from 2001 to 2009. In recognition of his many scholarly achievements and outstanding teaching, he also was named the Sandy and Morton Goldman Professor of Entrepreneurial Studies and Professor of Marketing at Kellogg, whose Marketing Department he joined as a faculty member in 1986.

    Dr. Jain’s academic career began as a student in Tezpur, Assam India. He earned his bachelor’s degree in statistics (1976) with Honors from Gauhati University, where he taught for four years before enrolling in the University of Texas (Dallas), where he completed his Ph. D in Marketing in 1986.

    An award-winning scholar in his own right, Dr. Jain’s areas of research expertise include the marketing of high-tech products; market segmentation and competitive market structure analysis; cross-cultural issues in global product diffusion; new product innovation; and forecasting models. He has published more than 60 articles in leading academic journals and has earned the prestigious John D.C. Little Best Paper Award. Among the many distinctions for his teaching and service, Dr. Jain received the Pravasi Bharatiya Samman from the Prime Minister of India, an award that recognizes exceptional leadership contributions of overseas Indians.

    Jain, a former dean of two of the world’s leading business schools, the Kellogg School of Management and INSEAD, will work alongside his Chinese counterpart Li Mingjun.  Brought up in Assam, Jain, who lives in Chicago and works in Shanghai for 10 to 15 days each month, has been teaching marketing at CEIBS since September last year when he took on the president-designate role.

    (With inputs from CEIBS)

  • ISIS claims suicide bomb attack on Sikhs and Hindus in Afghanistan

    ISIS claims suicide bomb attack on Sikhs and Hindus in Afghanistan

    KABUL(TIP): ISIS has claimed responsibility for a suicide bombing in eastern Afghanistan on July 1 that killed at least 19 people, mostly Sikhs and Hindus.

    The bomber targeted a delegation from the minority communities as it was traveling to the governor’s residence in the eastern city of Jalalabad on Sunday for a meeting with President Ashraf Ghani.

    Avtar Singh Khalsa, a long-time leader of the Sikh community, was among those killed. Another 20 people were wounded.

    In a statement released on Monday, ISIS said it had targeted a group of “polytheists.”

    Sikhs and Hindus face discrimination in the conservative Muslim country and have been targeted by Islamic extremists in the past, leading many to emigrate. The community numbered more than 80,000 in the 1970s, but today only about 1,000 remain.

    Under Taliban rule in the late 1990s, they were told to identify themselves by wearing yellow armbands, but the dictate was not wholly enforced. In recent years, large numbers of Sikhs and Hindus have sought asylum in India, which has a Hindu majority and a large Sikh population.

    Afghan President Ashraf Ghani arrived in Jalalabad earlier on Sunday to open a hospital, part of a two-day visit to the province bordering Pakistan.

    Mr Ghani’s spokesman said the president was still in Nangarhar but was “away from danger”.

    The attack came a day after Mr Ghani ordered Afghan security forces to resume offensive operations against the Taliban following the expiry of the government’s 18-day ceasefire.

    The government’s unilateral truce overlapped with the Taliban’s three-day ceasefire for Eid, but the militants refused to prolong it.

    The unprecedented ceasefire over the holiday capping Ramadan triggered spontaneous street celebrations involving Taliban fighters, security forces, and war-weary civilians.

    ISIS, which has an affiliate in the province, was not part of the ceasefire. The group fights both government forces and the Taliban, which has shown no sign of letting up its campaign of violence.

  • EPA Administrator Scott Pruitt Resigns in the face of ethics issues

    EPA Administrator Scott Pruitt Resigns in the face of ethics issues

    WASHINGTON(TIP): Scott Pruitt, the administrator of the Environmental Protection Agency who was key to implementing President Trump’s conservative agenda but came under intense scrutiny for a series of questionable ethical decisions, resigned Thursday, July 5 afternoon. Pruitt’s deputy at the EPA, Andrew Wheeler, will serve as the agency’s acting administrator starting Monday, President Trump said in a tweet.

    “I have no doubt that Andy will continue on with our great and lasting EPA agenda,” Mr. Trump tweeted. “We have made tremendous progress and the future of the EPA is very bright!” 

    Donald J. Trump

    ✔@realDonaldTrump

     I have accepted the resignation of Scott Pruitt as the Administrator of the Environmental Protection Agency. Within the Agency Scott has done an outstanding job, and I will always be thankful to him for this. The Senate confirmed Deputy at EPA, Andrew Wheeler, will…

    3:37 PM – Jul 5, 2018

    Pruitt had been the subject of a seemingly endless deluge of stories about his behavior and spending practices. It began earlier this year when it was revealed that Pruitt had rented a room at a favorable rate from a well-connected energy lobbyist. Pruitt’s lavish spending on his own security then came under scrutiny, as did his decision to install a $43,00 private phone booth in his office. There were also allegations that Pruitt had created a toxic professional atmosphere at the EPA that penalized his critics.

    Pruitt said his decision to leave the EPA was a hard one in his resignation letter to Mr. Trump.

    “It is extremely difficult for me to cease serving you in this role first because I count it a blessing to be serving you in any capacity, but also, because of the transformative work that is occurring,” Pruitt wrote. “However, the unrelenting attacks on me personally, my family, are unprecedented and have taken a sizable toll on all of us.”

    Mr. Trump defended Pruitt Thursday evening while speaking to reporters on Air Force One. He said there was “no final straw” and that he had not requested Pruitt’s resignation.

    “Scott Pruitt did an outstanding job inside of the EPA,” the president said. “We’ve gotten rid of record breaking regulations and it’s been really. You know, obviously, the controversies with Scott — but within the agency we were extremely happy. His deputy has been with me actually a long time. He was very much an early Trump supporter. He was with us on the campaign. He is a very environmental person. He’s a big believer, and he’s going to do a fantastic job.”

    The government had launched numerous investigations and probes into Pruitt’s behavior, although he continued to insist that he had done nothing wrong. At the time of Pruitt’s resignation, the EPA inspector general was looking into his protective service detail, his traveling at taxpayer expense, and the allegedly excessive raises he gave to some members of his staff. Swamped by requests and stretched thin by the sheer number of audits into Pruitt, the EPA inspector general had also agreed to look into his housing arrangements and allegations that he had staff members perform his personal errands, among other issues.

    Pruitt is the fifth member of Mr. Trump’s cabinet to resign or be fired since he took office. The others were former Acting Attorney General Sally Yates, former Health and Human Services secretary Tom Price, former Secretary of State Rex Tillerson, and former Veterans Affairs secretary David Shulkin.

    (Source: CBS News)

  • US-China Trade War Begins

    US-China Trade War Begins

    Beijing vows to strike back against tariffs on US$34 billion worth of Chinese goods

    NEW YORK(TIP): The big question is now that the first shots have been fired, what goods will be affected, who will pay the price and what could happen next?

    China’s Ministry of Commerce, on July 5 (July 6 in China) said China will fight back against the US and report to the World Trade Organisation.

    The remarks were in response to Washington’s decision to impose 25 per cent duties on a similar amount of Chinese imports, which also came into effect on Friday.

    US President Donald Trump had threatened to target another US$400 billion in Chinese products with tariffs if Beijing continued to hit back.

    On top of that, each country has prepared a second tariff list of goods worth about US$16 billion. The effective dates are pending as the office of the US trade representative is in the midst of a public comment period on its list.

    The trade war became official after Trump repeatedly said he wanted to reverse the United States’ massive trade deficit with China, which rose to about US$375 billion last year. That number is US$100 billion higher than China’s own calculation.

    In an updated list published on June 15, Washington dropped many China-made consumer goods, such as TVs and flat panel screens, and added more intermediary products like semiconductors and plastics, after opposition during a public hearing in May.

    The second tariff list, which is still under review, focuses particularly on “Made in China 2025”, a Chinese industrial policy aimed at getting ahead in hi-tech industries. It includes electronic integrated circuits and the machines that produce them.

    Washington has dropped many China-made consumer goods, such as TVs and flat panel screens, and added more intermediary products like semiconductors and plastics to its tariff list. Photo: Reuters

    China struck back in April with a list of US$50 billion worth of US imports, many of which were agricultural products. Beijing later removed US$16.3 billion worth of US aircraft from the list and added more food such as fish and nuts.

    The primary US goods affected are soybeans and vehicles, while it is mostly Chinese industrial goods hit by US tariffs.

    Who bears the brunt of these rounds of tariffs? Eventually consumers.

    Analysts said imposing tariffs on Chinese goods such as semiconductors would eventually increase prices for American consumers because they were key components of electronic products. And it’s not an easy business decision for US manufacturers to shift sourcing after tariffs are in place.

    “Alternative sources do exist for most of the Chinese products on the targeted list, but less expensive products purchased by less affluent consumers are likely to see larger price hikes as manufacturers substitute more expensive parts for Chinese inputs facing tariffs,” Mary Lovely, a senior fellow at the Washington-based Peterson Institute for International Economics, wrote.

    “These consumers may not see much difference in performance due to one higher-quality part, but they are likely to see a difference at the cash register.”

    Chinese consumers, on the other hand, could pay higher prices for imported seafood and fruit.

    It is just the beginning. What happens in the longer run will impact economic policies of many countries across the world.

     

  • July 06 New York & Dallas Print Editions

    July 06 New York & Dallas Print Editions

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