Monthly Archives: August 2019

The proposed investors’ summit in J&K holds the potential to bring out the best of this State. However, Ladakh must not be left out

At the time of writing these lines, news had just come that the Jammu & Kashmir administration will host a three-day global investors’ summit from October 12 in Srinagar. Part of it will also be held in Jammu. An MoU has been signed by the Jammu & Kashmir Trade Promotion Organisation and the Confederation of Indian Industries (CII) to organise and manage the event. Supposedly, the meet will give the State an opportunity to showcase its approach and a possibility of it entering the global market in a major way. It will also presumably put to rest some anxieties that have arisen due to recent changes in the functioning of the State. It should be a useful occasion to familiarise those who are interested in knowing the potential of the natural resources of this idyllic State and its infrastructure. This should not be a template meet like the ones that have been held in Tamil Nadu, Uttar Pradesh or West Bengal. Reasons for this are different. Natural resources found in Jammu & Kashmir are unlikely to be found […]

Risk management is a vantage point of perception, which has now become endemic. Almost nothing gets done without some reflection on the risks involved. Progressively, it is being remitted to the audit function. Yet, it is not bound by it. Concerted attempts are being made to widen and deepen its operations. Historically speaking, the area received the first formal limelight when corporate regulatory agencies made it mandatory to have a function with this “title” in all listed companies. The aim of risk management was to have a separate identity. It was envisaged that under his/her overall control, the risk management wing shall carry out its responsibilities and he/she would at least have the rank of an executive director of the company. If any listed company actually institutionalised the structure of this silo with all the nuances of risk a process, the experiment is yet to be documented. In the meanwhile, the area grew both in terms of quantum of attention and the range of activities. Skill formation in this area was still weak and not surprisingly, many with little understanding or insight, entered the domain.

The method followed was usually simplistic. The way of listing risks usually followed the narratives of […]