News makers:
15 Jan 2001
After the gifted Hakim died young in 1922 and his son Hakim Abdul Hameed and two grandsons Hamid Ahmed and Abdul Mueed made the organisation into a household name. They converted Hamdard Dawakhana into a trust -- Hamdard National Foundation -- in 1948. Mr Hamid Ahmed is 24 and Mr Asad Mueed is 27 have management degrees from foreign universities. While Mr Ahmed is responsible for marketing, his first cousin Mr Mueed heads the research and development department.
Hamdard has several strong brands such as Rooh Afza, Cinkara, Safi, Sualin, Rogan Badam Shirin and Hamdard Chayawanprash, with a group's turnover of around Rs 150 crore. The group has now chalked out an aggressive marketing strategy and launched its first audio-visual ad-campaign for its health drink flagship brand Rooh Afza.
The Hamdard story began when their great grandfather set up a small Unani medicine clinic in the Old Delhi area. He called the clinic Hamdard to signify "sympathy for all." Profit was not his motive. Hamdard makes effective medicines at affordable prices and reinvests all the profits into charitable activities.
16 January 2001
Mr. Bimal Jalan: Reforms not
sufficient for growth
New Delhi: Mr. Bimal Jalan, governor of
the Reserve Bank of India has sad that the country's fiscal management should improve
along with the public delivery system for macro economic policies to yield permanent
results.
Delivering the 16th B D Desmukh lecture on
'Indian economy in the 21st century: a new beginning or a false dawn", Mr Jalan said
macro-policy reforms in itself will not be sustainable nor yield permanent results. Citing
the experience of several transitional and emerging market economies, he said economic
reforms were by no means a sufficient condition for growth and development.
He pointed out that it would be fallacious to think equate the need for economic reforms
with lesser role for government or public policy in widening the opportunities and
creating a positive environment for equitable development. On the scarcity of domestic
capital, he said it was no longer a binding constraint because of international capital
mobility since it ensured flow of global resources to countries that could show high
growth and returns.
