A new frontier with China?

As it is already being speculated that the Chinese space program may not entirely be for peaceful purposes, India has to take urgent action

Stoic China’s ambition of rising as a space age superpower is evident from its future plans including building space stations, manned space vessels and space laboratories. China has hauled up its space programs out of Third World mediocrity to successfully complete a spacewalk in 2008, and it earlier sent a human to space in 2003; thus becoming the third country after US & Russia to do so.

One would otherwise hope that China’s endeavours in this area only better our understanding of the world beyond us. But the catch here is that China’s space programs are run by the People’s Liberation Army (PLA), which raises doubts over its claim of being a program for peaceful purposes. This became a subject of debate when it fired missiles and destroyed a dead satellite in 2007. This raised the heckles of the US as a nervous Pentagon talked about Chinese “disruptive technologies.” But the country that’s really nervous is India.

The Ministry of Defence, ISRO and DRDO have expressed concern and feel that India’s space assets are under threat from China. India’s concerns are further reinstated with China’s possession of emerging anti-satellite weaponry and new classes of heavy lift off boosters.

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Source : IIPM Editorial, 2012.

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

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THEME-BASED REALTY! DOES IT EVEN WORK?

For most part of the year gone by, realtors harped over the affordable housing strategy to lure consumers. But builders now are now trying to lure buyers through theme-based dreams! Do they even stand a chance?

But what about the illiquidity of it all? “The money that senior citizens, for example, will invest in buying property, can be recovered to some extent by taking reverse mortgage loans,” explains Mittal of Realty Stocks.

Female buyers on the other hand enjoy lower stamp duty rates and higher tax rebate as compared to male buyers. Emergence of career-oriented women with a desire to secure their future has also led to an increase in women buying houses, and banks too are not too worried about doling out loans to females as compared to menfolk. As a tactic to lure female buyers and boost sales over a short period, Meriton Group, for example, even decided to share registration charges (if the purchase of the flat was made before December 31, 2009).

Well, star-studded residential complexes like the Shahrukh Khan Boulevard in Dubai may still be a distant dream in India, but it’s now evident that one cannot summarily reject this new concept – and it might even work!

Savreen Gadhoke

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Source : IIPM Editorial, 2010.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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