Showing posts with label China. Show all posts
Showing posts with label China. Show all posts

Wednesday, May 8, 2013

Letters to the editor - 2012

Distinguished teamwork

Thank you for providing me with the opportunity to participate in the Inside China article (Business & Economy cover story; August 2012). I am impressed by the knowledge and expertise of the authors and the overall quality of production. Your staff did a terrific job of adding graphics, tables, photos and editorial changes to my humble story. It has received positive reviews from friends, family and colleagues for its level of professionalism and polished appearance. I especially enjoyed reading the China: Read. Learn. Repeat article by Prof. A. Sandeep, Group Editorial Director, Business & Economy. The focus on the Chinese auto industry was spot on and well written. I am pleased to be associated with such a distinguished collection of experts. Thank you once again.

Arthur C. Wheaton
Director, Western NY Labor and Environmental Programs, Cornell University ILR School

Great Issue on Reverse Innovation/Exnovation

Business & Economy’s issue on ‘Reverse Innovation/Exnovation’ (cover story for the month of October 2012) was simply great and I totally loved it. You have exactly captured the essence of reverse innovation. In my view, Reverse Innovation represents the biggest opportunity for India in sectors as diverse as transportation, energy, health care and education.

Vijay Govindarajan
Earl C. Daum 1924 Professor of International Business, Tuck School of Business


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
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Tuesday, March 5, 2013

Trading for a cleaner future

India stands 2nd in the global carbon trading regime under Kyoto Protocol, a spot which it ceded to China in 2006 and is pacing quite slowly to realize its full carbon reductions and energy efficiency potential

Post the declaration of the Copenhagen Accord, the face saving last minute attempt by heads of state of some of the world’s biggest carbon emitting nations to pave some way forward to “take note of” the nonbinding commitments by its signatories, the biggest backlash occurred from the EU with many members feeling snubbed and sidelined by USA and the BASIC (India, China, Brazil and South Africa) states. Then UK Prime Minister Gordon Brown accused a small number of nations holding the Copenhagen talks to ‘ransom’. Interestingly, Kyoto Protocol, the only legally binding emissions reductions treaty existing till date has its biggest signatories as the EU states while lead emitter US hasn’t even seen the long elusive Climate Change Bill even being tabled in its House or Senate. The most significant element of Kyoto, the Clean Development Mechanism lets non-Annex I states (mostly developing nations) get credit from Annex 1 states (industrialized nations mostly from EU) for investing in projects that produce carbon emission reductions (CERs), which can then be traded on exchange markets like those in EU, have a far greater potential of reducing emissions in countries like India. But the market is far from realizing its full potential in India and a domestic carbon trading scheme is not even been talked about. India currently stands at second place behind China in no. of CDM projects registered and the total CERs being generated The potential of India to have a flourishing carbon market can be gauged from the fact that the first project in India got registered under CDM in 2004 and till September 2010, the number of CDM projects in India had crossed 2350. According to a study by CRISIS Research, the number of CERs generated in India till November 2009 stood at 76 million (1 CER is equivalent to reducing 1 metric tonne of carbon dioxide or equivalent) while by December 2012, the total CERs generated will surpass 246 million. CRISIL study also claims that CER issuance in the renewable energy sector, from registration of existing and new renewable energy projects alone, will increase to 76 million by December 2012 from 14 million in November 2009 with the percentage of renewable energy projects in India’s total CDM tally rising to 31% by December ‘12 from 19% in November ‘09. The total potential of revenues from carbon trading for India has been attributed to be about 10% of the global carbon market which stood at over $144 billion in 2009.

However, the ‘honourable’ 2nd rank (India was 1st till 2006) in CDM projects registered is little more than one third that in China which accounts for almost half of all CDM projects globally while also boasting of around 2/3rds of the total CERs issued globally. Though India has less than a third of China’s total carbon emissions and around one fourth of total per capita emissions, it is also true that India needs much greater investment in the long term in energy and infrastructure to uplift its hundreds of millions out of poverty (which China has almost achieved). This entails greater dependency on carbon intensive technologies unless the emissions reductions market is not developed to its full potential soon here.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

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Thursday, January 3, 2013

Have they lost it now?

Restrictive tax policy will affect China’s foreign investment flows

China loves shells, especially when it is inside them! In the wake of the global slowdown, China is planning to aggressively scrutinise the tax standings of foreign registered companies operating in the Mainland. Such protectionist moves put a big question mark on the prospective future foreign investment that is going to flow into one of the fastest growing economies in the world.

The Chinese government, with the aim to adopt international standards to help boost its revenue, is planning to get all foreign-registered businesses to come under unprecedented scrutiny. This would force foreign private equity firms and hedge funds to pay inflated Chinese tax bills. The current tax policy is a follow up of China’s State Administration of Taxation ruling that a 10% dividend withholding tax would be levied on all the foreign listed companies that have their key business operations concentrated in China, which came last month.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles.
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