Ad Here  
January
February
March
April
May
June
 
 
Rahul coronated Drive ahead, the road is well-laid... Physician, cure thyself Entering the 50th year… Cleansing a corrupt system… Corruption institutionalised; technique perfected BJP, shift to south Has PC missed out on BIG BANG REFORMS? Fast - track railways to prosperity... Imperative to take states along… The four DISRUPTIONS of the month IE completes 47 years... Fear of bankruptcy, liquidation Welcome aboard President Kovind Light at the end of the tunnel – Cauvery Management Board to be set up State Elections: Mid-summer marathon Gujarat model for port development Kanoon, Kovind and Kumble A 5-6 per cent growth is given… TN budget - little leeway for capex Of judiciary and GM ‘High speed’ diplomacy... More lustre to leather: 70 years of CLRI Open letter to citizens 10-point programme Call for INNOVATION, for R&D An unhealthy adversarial relationship Take the next leap forward... DMK does it again Between the bang and the whimper… The Chinese model for rail development LOT CAN BE DONE THROUGH THE PPP MODE... Physician, cure thyself… Little for development Where’s the big idea? BJP’s one man army... Narendra Modi turns “THREE” Trail-blazing Tamil Nadu Welcome euphoria over the east BJP - the unifying force (of opposition parties) ! Scientists, please raise your voice for GM crops Welcome continuation of the reforms thrust AAP - change from street fighting to administration Mr. PM, bite the bullet... Repeat 1991– work on a growth budget... Flying High? Go for a One Power India Reserve and perish A WATERSHED YEAR Rajini can’t or can? BHEL – R&D and image building require more attention Jaya Ho A challenge and an opportunity for OPS Need for more
 
The four DISRUPTIONS of the month

It began with the mother of all respectable corporates, the business group that wears good governance as a badge of honour: the House of Tatas. Overnight, it sacked Chairman Cyrus Mistry in a messy boardroom battle that is likely to go to the courtrooms.  

To begin with, no one knew what the pinprick was. Was it a clash of generations: Ratan Tata in his late 70s incompatible with Cyrus Mistry, in his early 40s?  Was it a clash of cultures: of a baron who grew up in the hustle bustle of ‘construction’ and of another who had his moorings in the more sophisticated but less cash rich business of ‘manufacturing?’  Had it to do with sense versus sentiment? The months ahead might narrate the story in fulsome prose, but the Tatas are not known to wash their dirty linen in public.  It’s been messy, and we don’t know whether blood will spill. 

The sacking of Cyrus Mistry thus came as a rude shock to corporate watchers. 

The unbelievable happened. The brash aggressive bulldog with the penchant to scream and rant on the News Hour Tonight had been asked to put in his papers. Arnab Goswami of the I-Me-My-Mine fame had become so full of himself that he had called everyone in town ‘anti-national.’  The crowning piece came when he mocked his employer: a Lakshman Rekha even he couldn’t breach.

Over the years, Goswami had become unbearable with his habit occupying television space while not allowing guests elbow space to speak.  If you disliked those he hectored, you might like his show. But if you in your growing up days were taught about dignity and grace, this public display of petulance was like the roadside street fights that follow an adda. The self-styled, most watched anchor was blatantly biased and for someone who prided in being abrasive, he came out as a modest mouse in his interview with the prime minister. Of course he brought about a sense of accountability amongst politicians but there were times he got his facts wrong: Rohtak, Delhi traffic signal, Glasgow and Jayalalithaa to name a few. And he was never apologetic about it. 

And so it was that another Berlin wall fell.

Around this time Narendra Modi decided to show who was the boss. The Prime Minister changed the rules of the game with his address to the nation where he snapped his fingers, and presto! The Rs 500 note and the Rs 1000 note became infructuous! While the common man smiled and the pundits scorned, the Opposition wondered if a select few had been tipped off. Demonetisation didn’t matter to those who live on plastic cards and e-wallets for most of their needs. It hurt those who relied on the cash economy. Long queues in front of banks and the drying up of ATMs notwithstanding, India was willing to give its Prime Minister the benefit of doubt.  After all, by going straight to the people without asking the RBI governor to make the announcement, he had put his personal brand on the line. 

It was incredible. Exactly mid-way into his 5 year term the Chanakya had played his ace card: the fight against black money. It did not matter that it would affect only 6 per cent of the black market.  It was ‘interval’ time.

Hours later, Uncle Sam woke up to the incredible news that underdog Donald Trump had stumped presidential favourite Hillary Clinton. He had done it in style; winning more electoral colleges while collecting less of the popular vote. In short, Clinton had won and lost. Trump had lost but won. America was transfixed.  

A niece of mine, born and brought up in the US, wrote to me: “the stunning outcome of the U.S. election is slowly wearing off, but it’s draining to think of how and why it all happened the way it did.  How was Trump even allowed to run for president? It’s deeply disappointing how we have put human decency over tax breaks.  Fine, the rural working class felt disenfranchised and forgotten about with Clinton.  But to vote for Trump is to normalize his behavior and to make it okay to accept the vile things he has said about immigrants, people of colour, same sex couples, people with disabilities, females, etc. Who does that?  What kind of a world are future generations inheriting?  It is scary.”

Four disruptions in one month is a disruption by itself. 


Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com