india j urnal b business - losalcardio.com (63). he is an engi-neering graduate from iit delhiand...

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INSIDE THIS SECTION Pawar Expresses Helplessness Over High Food Inflation B4 Indian Business Woman in Guinness For Mosaic Portrait B8 Eyes on Taxes: 2010 Tax Relief/ Job Creation Act B10 MARKET WATCH GOLD NY TRADING $1344.30 ........... 1 ounce SIL VER NY TRADING $28.68 ............... 1 ounce DOLLAR / RUPEE RUPEES U.S. Rs. 45.42 ................... $1 BUSINESS BUSINESS B SECTION INDIA J URNAL INDIA J URNAL February 4, 2011 6 Hughes, Suite 120, Irvine, CA 92618 • (888) 423-6678 • (949) 581-1939 Cell: (714) 612-1242 Warren Venkatesh FOR ALL YOUR RESIDENTIAL/COMMERCIAL MORTGAGE NEEDS CD MORTGAGE CORP. CA Dept of Real Estate Brokers, Lic # 00999152 • (916) 227-0931 Contd. on B11 Contd. on B12 Contd. on B12 S. Ramadorai Contd. on B11 DAVOS - The international com- munity should focus more on long- term structural changes to deepen collaboration among stakehold- ers, said the co-chairs, including India’s Chanda Kochhar, at the World Economic Forum Annual Meeting 2011, held here. Klaus Schwab, founder and execu- tive chairman of the WEF, warned of “global burnout”, as the world focuses on reacting to crises as they happen rather than on ac- tively addressing challenges. W orld Economic Forum Meeting Emerging Markets Growing Faster In Volatile World: Chanda Kochhar “We are all optimists here, but when we look at the big issues on the global agenda, there is pessi- mism. We don’t want this meet- ing to be one of despair. You fight Chanda Kochhar possible burnout with renewed self- confidence.” This should be “a meeting of con- structive opti- mism”, Schwab was quoted as say- ing in a state- ment released on the WEF official website. “We are at a turn- ing point,” said Paul Bulcke, chief executive officer (CEO) of Nestle, Switzerland, and WEF co-chair. “There is growth in the world. We have to go forward to basics. The role of economies has always been NEW DELHI - Wipro Chairman Azim Premji, ITC Chairman Y C Deveshwar and ICICI Bank Man- aging Director and CEO Chanda Kochhar are among 12 industry leaders who have been conferred with the Padma civilian awards this year. While Premji (65) is the only in- dustrialist who has been conferred the nation’s second highest civil- ian award Padma Vibhushan this year, eight others have been awarded the Padma Bhushan. Three others, including a non-resi- dent Indian have been conferred the Padma Shri. Besides Kochhar and Deveshwar, Padma Bhushan awardees include Dr Reddy’s Laboratories Chair- man K Anji Reddy, Infosys CEO and MD S Gopalakrishnan, NIIT Chairman Rajendra S Pawar, HCL co-founder Ajai Chowdhary. Max India Chairman Analjit Singh, GVK Group Chairman and MD GVK Reddy are also on the list of Padma Bhushan recipients. An electrical engineering gradu- ate from Stanford University, USA, Premji has been leading Wipro since 1966, when it was fo- cused only in manufacturing of hydrogenated cooking fat. Since then, Wipro has expanded operations and is now a $5 billion group with presence in sectors in- cluding in ITand BPO spread over 50 countries. The company is India’s third largest software ex- porter after TCS and Infosys. Another noted awardee is diver- sified business group ITC’’s Deveshwar (63). He is an engi- neering graduate from IIT Delhiand joined ITC Ltd in 1968. Azim Premji Awarded Azim Premji Awarded Azim Premji Awarded Azim Premji Awarded Azim Premji Awarded Padma V adma V adma V adma V adma Vibhushan ibhushan ibhushan ibhushan ibhushan Azim Premji In 1996 he became the Chief Ex- ecutive and Chairman of the com- pany, which is now a $6 billion group. Between 1991 and 1994, he also led Air India as Chairman and Managing Director. Kochhar (49) is the only woman in- dustry leader to feature on the list this year. She started as a management trainee in1984 in ICICI and rose through the ranks. In 2009 she took over the reins of the bank, which cur- rently has assets of $81 billion and is the largest private lender of the country. Reddy has also been awarded the Padma Bhushan. Since founding the pharmaceutical firm in 1984, Reddy (70) has ledDr Reddy’’s Laborato- ries to become a top innovative drug research and discovery firm in the Indian pharma industry. He is also a member of the Prime Minister’s Council on Trade and Industry. (PTI) DAVOS - S Ramadorai, former chief of IT giant firm Tata Consultancy Services (TCS), has been appointed as an Advisor Ramadorai is PM Adviser on Skill Development WASHINGTON, D.C. - India, which has witnessed numerous terror attacks and still remains a potential target for such strikes, faces significant money launder- ing and terrorist financing risk, the IMF has warned. The International Monetary Fund in its report “India: Observance of Standards and Codes FATF Rec- ommendations for Anti-Money Laundering and Combating the Financing of Terrorism” however appreciate the steps taken by New Delhi to counter money launder- ing and terrorist financing. India Faces Money Laundering, Terrorist Financing Risk: IMF The report dated July 2010 was released Jan 25. “As a leader among the emerging economies in Asia with a strongly growing economy and demography, India faces a range of money laun- dering and terrorist financing risks,” it said. “The main sources of money laun- dering in India result from a range of illegal activities committed within and outside the country, mainly drug trafficking; fraud; counterfeiting of Indian currency; transnational organized crime; BY AMELIA MATTHEWS LOS ALAMITOS, CA - Los Alamitos Internal Medical Group was founded by Dr. Len Lieberman in the early 1970’s. The group Los Al Cardio F Los Al Cardio F Los Al Cardio F Los Al Cardio F Los Al Cardio For Matters of the Heart or Matters of the Heart or Matters of the Heart or Matters of the Heart or Matters of the Heart Dr. Ramandeep Brar evolved into a cardiology group in the late 1990’s and changed its name to Los Alamitos Cardiovas- cular. In 2002 the group moved to the current loca- tion situated on the campus of Los Alamitos Medical Center. Now, the practice consists of six partners who are all board-certi- fied cardiologists. The group in- cludes Dr. Ramandeep Brar, Dr. Alan Gold, Dr. Stuart Fischer, Dr. Tim O’Neill, Dr. Steven Forman and Dr. Bret Witter collectively covers the areas of electrophysiol- ogy, interventional cardiology and general cardiology. Their facility provides state-of-the- art diagnostic tools for cardiology which include stress tests (nuclear, treadmill and physiologic), Echocardiography, arrhythmia management, a pacemaker clinic and evaluation for peripheral vas- cular disease. With few exceptions, patients can have all their tests per- formed right at the practice, with their results returned to their re- ferring physicians within 24-hours. India Journal caught up with Dr. Ramandeep Brar who joined the RESIDENTIAL, COMMERCIAL & BUSINESS/INVESTMENT PROPERTIES EXPERT BRINGS YOUR DREAM COME TRUE Email: [email protected] • www.jrshah.com Direct Line: 714-626-2023 • Cell: 714-335-9048 • 17 Units Apartment for Sale in Anaheim • 48 Units Apartment for Sale in Anaheim • 190,000 sq.ft of INDUSTRIAL BUILDING FOR SALE in San Bernardino • Gas Station for sale with Property in Torrance • Brand new Industrial Buildings in Northern California and Southern California • Several Gas Stations with property in Southern California with Property. • Shopping Center for sale in Riverside and Orange Counties Cell: (714) 309-4414 Ph: (714) 738-1345 Email: [email protected] Call for a FREE ESTIMATE SERVICES AVAILABLE • Total Remodelling • Furniture/Drapes/Bedding • Flooring/area rugs • Lighting • Full line of Landscaping including Pool,Spa, Gazebo, Barbecue etc. • Hotel/Motel/Restaurants Decorating Discovery Realty “PROFESSIONAL PROPERTY AND BUSINESS MANAGEMENT OF ANY KIND AVAILABLE” • Oceanfront Home in Newport Beach, Laguna Beach and Redondo Beach for under $ 1.2 Mil. • 2,800 sq.ft BANK OWNED HOME IN ANAHEIM HILLS • 2,600 SQ.FT home IN GATED COMMUNITY OF LA HABRA -SOLD • 4 BD 4 BA home in FORECLOSURE in TUSTIN • 2500 SQ.Ft home OWNED BY Private Bank • 4 BD 3 Ba homes in Chino, Corona, Huntington Beach etc. • 4 BD 3 Ba homes in La Palma, Cypress and Cerritos Jigar (JR) Shah, MBA License# 01116918 RESIDENTIAL & COMMERCIAL INTERIOR DESIGNER Rashmi Shah USA Certified and Licensed Interior Designer Real Estate Bonanza Brings Your Dream Come True 1031 Tax Deferred Exchange Specialist

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INSIDE THIS SECTION

Pawar Expresses HelplessnessOver High Food Inflation B4

Indian Business Woman in GuinnessFor Mosaic Portrait B8

Eyes on Taxes: 2010 Tax Relief/Job Creation Act B10

MARKET WATCH

GOLD NY TRADING$1344.30 ........... 1 ounceSILVER NY TRADING$28.68 ............... 1 ounce

DOLLAR / RUPEE

RUPEES U.S.Rs. 45.42 ................... $1

BUSINESSBUSINESSBSECTION

INDIA J URNALINDIA J URNALFebruary 4, 2011

6 Hughes, Suite 120, Irvine, CA 92618 • (888) 423-6678 • (949) 581-1939 Cell: (714) 612-1242Warren Venkatesh

FOR ALL YOUR RESIDENTIAL/COMMERCIAL MORTGAGE NEEDSCD MORTGAGE CORP.

CA Dept of Real Estate Brokers, Lic # 00999152 • (916) 227-0931

Contd. on B11Contd. on B12

Contd. on B12

S. Ramadorai

Contd. on B11

DAVOS - The international com-munity should focus more on long-term structural changes to deepencollaboration among stakehold-ers, said the co-chairs, includingIndia’s Chanda Kochhar, at theWorld Economic Forum AnnualMeeting 2011, held here.Klaus Schwab, founder and execu-tive chairman of the WEF, warnedof “global burnout”, as the worldfocuses on reacting to crises asthey happen rather than on ac-tively addressing challenges.

World Economic Forum MeetingEmerging Markets Growing FasterIn Volatile World: Chanda Kochhar

“We are all optimists here, butwhen we look at the big issues onthe global agenda, there is pessi-mism. We don’t want this meet-ing to be one of despair. You fight

Chanda Kochhar

possible burnoutwith renewed self-confidence.”This should be “ameeting of con-structive opti-mism”, Schwabwas quoted as say-ing in a state-ment released onthe WEF officialwebsite.“We are at a turn-ing point,” saidPaul Bulcke, chiefexecutive officer(CEO) of Nestle,

Switzerland, and WEF co-chair.“There is growth in the world. Wehave to go forward to basics. Therole of economies has always been

NEW DELHI - Wipro ChairmanAzim Premji, ITC Chairman Y CDeveshwar and ICICI Bank Man-aging Director and CEO ChandaKochhar are among 12 industryleaders who have been conferredwith the Padma civilian awardsthis year.While Premji (65) is the only in-dustrialist who has been conferredthe nation’s second highest civil-ian award Padma Vibhushan thisyear, eight others have beenawarded the Padma Bhushan.Three others, including a non-resi-dent Indian have been conferredthe Padma Shri.Besides Kochhar and Deveshwar,Padma Bhushan awardees includeDr Reddy’s Laboratories Chair-man K Anji Reddy, Infosys CEOand MD S Gopalakrishnan, NIITChairman Rajendra S Pawar, HCLco-founder Ajai Chowdhary.Max India Chairman AnaljitSingh, GVK Group Chairman andMD GVK Reddy are also on thelist of Padma Bhushan recipients.An electrical engineering gradu-ate from Stanford University,USA, Premji has been leadingWipro since 1966, when it was fo-cused only in manufacturing ofhydrogenated cooking fat.Since then, Wipro has expandedoperations and is now a $5 billiongroup with presence in sectors in-cluding in ITand BPO spread over50 countries. The company isIndia’s third largest software ex-porter after TCS and Infosys.Another noted awardee is diver-sified business group ITC’’sDeveshwar (63). He is an engi-neering graduate from IITDelhiand joined ITC Ltd in 1968.

Azim Premji AwardedAzim Premji AwardedAzim Premji AwardedAzim Premji AwardedAzim Premji AwardedPPPPPadma Vadma Vadma Vadma Vadma Vibhushanibhushanibhushanibhushanibhushan

Azim Premji

In 1996 he became the Chief Ex-ecutive and Chairman of the com-pany, which is now a $6 billiongroup. Between 1991 and 1994, healso led Air India as Chairman andManaging Director.Kochhar (49) is the only woman in-dustry leader to feature on thelist this year. She started as amanagement trainee in1984 inICICI and rose through theranks. In 2009 she took over thereins of the bank, which cur-rently has assets of $81 billionand is the largest private lenderof the country.Reddy has also been awarded thePadma Bhushan. Since founding thepharmaceutical firm in 1984, Reddy(70) has ledDr Reddy’’s Laborato-ries to become a top innovative drugresearch and discovery firm in theIndian pharma industry. He is also amember of the Prime Minister’sCouncil on Trade and Industry. (PTI)

DAVOS - S Ramadorai, formerchief of IT giant firm TataConsultancy Services (TCS), hasbeen appointed as an Advisor

Ramadorai is PMAdviser on SkillDevelopment

WASHINGTON, D.C. - India,which has witnessed numerousterror attacks and still remains apotential target for such strikes,faces significant money launder-ing and terrorist financing risk, theIMF has warned.The International Monetary Fundin its report “India: Observance ofStandards and Codes FATF Rec-ommendations for Anti-MoneyLaundering and Combating theFinancing of Terrorism” howeverappreciate the steps taken by NewDelhi to counter money launder-ing and terrorist financing.

India Faces Money Laundering,Terrorist Financing Risk: IMF

The report dated July 2010 wasreleased Jan 25.“As a leader among the emergingeconomies in Asia with a stronglygrowing economy and demography,India faces a range of money laun-dering and terrorist financingrisks,” it said.“The main sources of money laun-dering in India result from a rangeof illegal activities committedwithin and outside the country,mainly drug trafficking; fraud;counterfeiting of Indian currency;transnational organized crime;

BY AMELIA MATTHEWS

LOS ALAMITOS, CA - LosAlamitos Internal Medical Groupwas founded by Dr. Len Liebermanin the early 1970’s. The group

Los Al Cardio FLos Al Cardio FLos Al Cardio FLos Al Cardio FLos Al Cardio For Matters of the Heartor Matters of the Heartor Matters of the Heartor Matters of the Heartor Matters of the Heart

Dr. Ramandeep Brar

evolved into a cardiology group inthe late 1990’s and changed itsname to Los Alamitos Cardiovas-cular. In 2002 the group moved to

the current loca-tion situated onthe campus of LosAlamitos MedicalCenter. Now, thepractice consists ofsix partners whoare all board-certi-fied cardiologists.The group in-cludes Dr.Ramandeep Brar,Dr. Alan Gold, Dr.Stuart Fischer, Dr.Tim O’Neill, Dr.Steven Formanand Dr. BretWitter collectively

covers the areas of electrophysiol-ogy, interventional cardiology andgeneral cardiology.Their facility provides state-of-the-art diagnostic tools for cardiologywhich include stress tests (nuclear,treadmill and physiologic),Echocardiography, arrhythmiamanagement, a pacemaker clinicand evaluation for peripheral vas-cular disease. With few exceptions,patients can have all their tests per-formed right at the practice, withtheir results returned to their re-ferring physicians within 24-hours.India Journal caught up with Dr.Ramandeep Brar who joined the

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Los Al Cardio FLos Al Cardio FLos Al Cardio FLos Al Cardio FLos Al Cardio For Matters of the Heartor Matters of the Heartor Matters of the Heartor Matters of the Heartor Matters of the Heartgroup November 2006, followingthe completion of her Cardiac Elec-trophysiology fellowship at UCLA.She was also associated with thegroup during her general cardiol-ogy fellowship at UC Irvine.“Being a physician is much morethan a job, it’s a lifestyle,” the gooddoctor says. And doesn’t she knowthat! Ever since graduating highschool, it’s been a long and circui-tous journey to where she is atpresent. It was definitely no cakewalk but months and years ofsweat and determination.After the completion of InternalMedicine Residency in Brooklyn,at Wyckoff Heights Medical Cen-ter, an affiliate of Cornell Univer-sity, Dr. Brar spent the next threeyears of training as a Cardiologyfellow at University of California,Irvine. She then went on to spe-cialize in Cardiac Electrophysiol-ogy at UCLA and now practicesgeneral cardiology with a subspe-cialty in electrophysiology.“As a Cardiologist I enjoy havingthe opportunity to help patientsprevent long-term consequences ofheart disease. We perform various

Contd. from B1 diagnostic procedures such as stresstests, echocardiograms and angiogramsto assist in the management of each in-dividual patient,” she says.Explaining her subspecialty shesays, “As a Cardiac Electrophysiolo-gist I am also trained in the branchof cardiology that specializes in theadvanced management of cardiacarrhythmias (also known as palpi-tations or irregular heartbeats).That specialty includes manage-ment through medications and/orspecialized procedures such as elec-trophysiology studies and ablationsto modify the electrical system ofthe heart. An important goal of elec-trophysiology is prevention of sud-den cardiac death that can occur sec-ondary to advanced heart disease(congestive heart failure) with theimplantation of devices such as int-racardiac defibrillators. TheBiventricular pacemaker implant-able cardioverter defibrillator is an-other device that allows for patientsto have improvement in their qual-ity of life in the setting of severecongestive heart failure.”Discussing the major cause of heartdisease among Indian-Americans,Dr. Brar explains, “ heart disease

nutrients. The preparation of foodin a manner that is low in fat andsodium is the key to preventinghigh blood pressure and coronaryartery disease. Maintaining an ac-tive lifestyle with regular exerciseis sometimes difficult to achievein our hectic daily lives. We shoulddevote time to exercise in the sameway that we do for preparing ourmeals, caring for our families andfocusing on religion.”Asked if Indian patients would beat an advantage having her as theirdoctor, she reiterates that as agroup all the physicians at LosAlamitos Cardiovascular havededicated themselves to caring forpatients regardless of theirethnicity. This is also manifestedby the diverse make up of the phy-sicians and staff. However, as a fe-male physician of Indian origin shebelieves that it is always comfort-ing to communicate with someonewho is knowledgeable of your back-ground and willing to understandand work with cultural differences.“My recognition and appreciation ofmy Indian heritage affords me theability to communicate and under-stand our daily life. This allows meto tailor recommendations for heartdisease and lifestyle changes to allof my patients,” she adds.Dr Brar has had an interesting edu-cational background having doneher Medical School in India.Would she recommend Indian-American students looking to goin for medicine to follow this path?Commenting on this she says, “Ihave been blessed with the oppor-tunity to experience the best ofboth worlds. After completing highschool in the United States, I at-tended medical school in India.The path that I chose required agreat deal of sacrifice, dedicationand determination. Those threeattributes are necessary for anyoneseeking a career in health care. Ireceive daily affirmation of thechoices I made. My advice to any-one seeking to travel this path isto make sure they are on this path

has become a prominent healthissue in many cultures that haveimmigrated to the United States.In the Indian-American popula-tion there is a high incidence ofMetabolic Syndrome (elevatedblood sugar, obesity and high cho-lesterol) which increases the riskof development of coronary arterydisease. The lack of early diagno-sis and management makes itmore likely for people of Indianorigin to have higher risks of de-veloping heart disease and itscomplications. Basic steps such asrisk-factor modification, exerciseand diet are critical to reversingthis trend. Socially encouragingfamily and friends to practice pre-ventive health care and seek earlymedical attention is the very ba-sis to reducing the incidence ofadvanced medical problems inthe Indian population. ‘’Giving valuable advice and prac-tical tips to Indian–Americans re-garding their heart health,She says, “Managing heart healthstarts with living a balancedlifestyle. Indian cooking usuallyinvolves a large amount of veg-etables which provide essential

for all of the correct reasons.”There was an upside and downsideto studying in India. As she says, “I had the opportunity to learn fromamazing professors who would ac-cept nothing less than excellence.The vast spectrum of disease andthe focus on diagnostic skills mademy early training a unique experi-ence. These clinical buildingblocks are utilized by me daily.Although it was difficult to leavemy family, studying in India af-forded me precious time spentwith my grandparents and aidedin my maturation as an Indianwoman. The fact that I completedmedical school immediately afterhigh school was also an advantageas it allowed me to complete mytraining in 5 years. Although I amof Indian origin and have had atraditional upbringing, I was stillconsidered an American graduatestudent (foreign student) studyingin India. Following the comple-tion of my medical school training,I was considered to be a foreigngraduate when applying for medi-cal residencies in the United States.The more prestigious residency pro-grams are usually available to USmedical school graduates.”Coming to future plans she is veryhappy to be a partner in a well re-spected cardiology group and hopesto maintain her teaching affiliationswith both UCLA and UC Irvine.“ The population is aging andskilled physicians will be a criti-cal component of maintaining thepopulation’s health. My goals forthe future are to continue to helpall people improve their healthand overall well-being. This willafford them more quality time tospend with their loved ones. Ihope to continue to be a positiverole model for my patients andtheir families and to continue toprovide them with optimum car-diovascular care.”For more info: www.losalcardio.com. Los Al

Cardio is located at 3771 Katella Ave. Suite

300, Los Alamitos, CA 90720. Phones: (562)

430-7533 or (714) 827-9850.

Contd. from B1

Ramadorai is PM AdviserRamadorai is PM AdviserRamadorai is PM AdviserRamadorai is PM AdviserRamadorai is PM AdviserOn Skill DevelopmentOn Skill DevelopmentOn Skill DevelopmentOn Skill DevelopmentOn Skill Development

to Prime Minister Manmohan Singhon Skill Development, a move seen aspart of the government’s efforts to ropein private sector professionals to as-sist on policy matters.Ramadorai retired as CEO of thecountry’s largest software firmTCS in late 2009 and is currentlyon board of many private sectorfirms, including some Tata groupcompanies. As an advisor to thePrime Minister Manmohan Singh,Ramadorai would enjoy the rankequivalent to a cabinet minister, atop government official said here

on the sidelines of the annualWorld Economic Forum summit.Ramadorai holds a Bachelors de-gree in Physics from Delhi Univer-sity, a Bachelor of Engineering inElectronics and Telecommunica-tions from Indian Institute of Sci-ence, Bangalore and a Masters de-gree in Computer Science from theUniversity of California.After Infosys former CEO NandanNilekani, Ramadorai is the secondhigh-profile professional from theIT sector to have been brought onboard by the government for as-sisting in policy matters. (PTI)