Tuesday, 31 July 2012

Gift on loan ?

Anything that is given can be at once taken away. We have to learn never to expect anything, and when something comes it’s no more than a gift on loan. John McGahern

Today, enjoy the many gifts you’ve been loaned.

Saturday, 28 July 2012

Destroy enemies

Am I not destroying my enemies when I make friends of them? Abraham Lincoln Today, every time you hear a self-hating comment go through your head, blithely, smilingly, yet unbelievingly, agree with it. (“Did you just say I’m selfish? Well, yes, you’re right, sometimes I am.”)

Friday, 27 July 2012

Highways ministry ropes in plan panel to build Delhi-Jaipur expressway - The Times of India

For years, Planning Commission has been blaming the highways ministry for delays in road projects. Now, the ministry seems to be hitting back at the plan panel and has decided to rope in Gajendra Haldea, advisor to deputy chairman Montek Singh Ahluwalia, to construct the Rs 12,000 crore Delhi-Jaipur expressway, in what is a first of its kind move.

Haldea, a retired bureaucrat, is known for his staunch stance on most infrastructure projects and is often criticized by fellow babus for making suggestions, without taking any responsibility for executing projects. Although highways minister C P Joshi wrote to Ahluwalia recently, the decision to get the plan panel on board for executing a greenfield project was taken by the entire ministry and National Highways Authority of India (NHAI) officials.

The plan is to set up a team under Haldea to execute the project, for which land is yet to be acquired although the deadline for completing the project is three years. Highways ministry officials said the move was aimed at demonstrating the kind of hurdles faced during construction. "We are fed up with the advisory notes that we get periodically. Once they (plan panel) are involved in implementation of a project, they will understand the ground situation," a ministry official said.

The ministry has a history of feuds with the Planning Commission. It became public in July 2010 when former highways minister Kamal Nath described it as "armchair advisor", while questioning the quality of reports produced by the panel. "You (Planning Commission) collect something from here, something from there and produce a book. It is all very well when you are an armchair advisor," Nath had said, adding, "Book (report) should not only be well-bound, but it should have content also."

More recently, there were differences over a road project around Delhi and the amount of toll that should be levied. When contacted, Ahluwalia sought to play down the issue. "I received the letter recently in which the highways minister had asked me whether Haldea's services can be availed of by the ministry. I immediately agreed. I have received many such letters from other ministries too. Preparing a model concession agreement (MCA) is a key component of executing any project on public private partnership (PPP) mode and Haldea has expertise in that field. The minister probably wants to have a draft MCA prepared by Haldea," he said. He added that project implementation will be with the ministry.

Wednesday, 25 July 2012

Expecting too much

It is a great obstacle to happiness to expect too much. Bernard de Fontenelle Today, lower your expectations and enjoy the happiness of being with what is.

Sunday, 22 July 2012

Love

People think love is an emotion. Love is good sense. Ken Kesey

Today, appreciate your good sense!

Friday, 20 July 2012

Golden moments

Every moment is a golden one for those who have the vision to recognize it as such. Henry Miller
Today, be a person of golden moments.

Wednesday, 18 July 2012

HR HEADLINES


Job Growth Drops Across Five Sectors In Q4
 
The fourth quarter of 2011-12 recorded a moderate decline in employment in five of the eight sectors surveyed. The quarterly survey by the Labour Bureau showed that leather, metals, automobiles, gems and jewellery and the handloom/powerloom sectors gave employment to less numbers in January-March compared to the October-December period of 2011. In the leather sector, employment slipped during the latest three quarters after increasingly marginally by 1,000 jobs in the quarter ended June 2011. However, the decline was moderate, from just 1,000 jobs less in automobiles to 16,000 in handloom/powerloom. It was compensated by the IT/BPO sector, which generated 104,000 additional jobs and the transport sector, which added 16,000 more people. However, the job increase in IT/BPO was the lowest in any quarter of 2011-12, indicating worsening demand from abroad. The quarterly surveys are being conducted since October-December 2008.
 
Source : 16-07-12   Business Standard   Compiled by www.naukri.com
IIMs Admit More Women Non-Engineers
 
The Indian Institutes of Management (IIMs) saw higher numbers of women applicants from non-engineering backgrounds. At IIM Bangalore, a quarter of the 2012-14 PGP batch consists of women, and 15 percent of them are non-engineers. IIM Lucknow said the key focus this year was to ensure gender diversity without compromising on merit. The institute has admitted a record 167 girl students in its PGP and PGP-agri-business management batch. About 20 percent of these are non-engineers. At IIM Ahmedabad, 16.8 percent of the batch consists of women and 364 of the total 381 are non-engineers. These numbers indicate the efforts made by business schools to rebalance the gender and profile scales. So far, engineers had monopolized admission into the institutes. Of the 226 students at Delhi’s Faculty of Management Studies, 41 are girls and 32 come from backgrounds other than engineering.
 
Source : 16-07-12   Financial Express   Compiled by www.naukri.com
Employees Want Less Commute, More Family Time
 
A survey by Regus International has found that Indian employees prefer family and fitness over long hours of commuting. A large number of employees in India are spending the time saved with partners, family members or exercising. Around 85 percent wanted to spend time with their partner and family, followed by 83 percent wanting to devote time to exercise. Charitable or voluntary work was also high on the list, with 70 percent of those polled wanting to get involved in charitable work, extending their educational qualification (65 percent), reaching out to more friends (61 percent) and spending more time sleeping (41 percent). According to the survey, a little over half of Indian employees (51 percent) were free to work from locations other than their company’s main offices. The survey covered more than 16,000 professionals in more than 80 countries.
 
Source : 16-07-12   Financial Chronicle   Compiled by www.naukri.com
MD & CEO Of Motilal Oswal AM Resigns
 
Mr Nitin Rakesh, Managing Director and Chief Executive Officer of Motilal Oswal Asset Management Company, has put in his papers. Mr. Rakesh said that he was moving on for better prospects. However, his exit will not be effective immediately. Mr Rakesh joined Motilal Oswal AMC in September 2008. He has also worked with TCG Investments and Unit Trust of India (UTI Mutual Fund). This is the fifth exit by the CEO of a mutual fund house in the last four months. Mr Navin Suri resigned as CEO of ING Investments India last month. Mr Piyush Surana of Daiwa Asset Management, Mr Rajan Krishnan of Baroda Pioneer Asset Management and Mr Arindam Ghosh of Mirae Asset put in their papers in April this year.
 
Source : 16-07-12   Hindu Business Line   Compiled by www.naukri.com
Survey: 35% Indians Are Avid Job Hoppers
 
A survey by PricewaterhouseCoopers (PwC) Saratoga concluded that 35 percent of the workforce in India quit their organisation in less than two years. The ratio compares with 30 percent for the Asia Pacific region and 15 percent for the West. Voluntary employee turnover was the highest in the banking and ITeS sectors. The resignation rate in banks was 2.9 times more than that for engineering and manufacturing. The survey also noted that organisations had increased their learning and development initiatives. Companies invested 17 man-hours per person on learning initiatives, an increase from 13.5 man-hours last year. Sankar Ramamurthy, executive director and head, people and change practice, PwC India said organisations which were better able to manage talent turnover gained more from investments in employee development. Companies maximising their human capital contribution will gain exponentially.
 
Source : 15-07-12   Financial Express   Compiled by www.naukri.com
Citrix, Keste Looking To Raise India Headcount
 
Citrix India is planning to recruit 200 people for its new facility in Bangalore. The company is a provider of cloud and collaboration solutions and currently employs 1,000. Citrix is optimistic about India and expects to grow faster than other regions, according to David Henshall, executive vice president of operations, CFO and treasurer of Citrix. The Bangalore R&D centre is the largest outside the U.S. All major product work of Citrix is handled out of its Indian R&D centres in Bangalore and Hyderabad.U.S.-based Oracle solutions firm Keste is also expanding its development centre in Hyderabad. The centre has 75 employees and will double the number to 150 in the next 15 months. Howard Moore, president and CEO, said Keste will increase its focus on South Asian and the Gulf markets from the development centre.
 
Source : 12-07-12   Hindu Business Line   Compiled by www.naukri.com
MNC’s Using Online Games To Spot The Right Talent
 
A number of multinationals are reaching out to candidates through virtual games. India has close to 10 million Facebook users, making it a goldmine for recruiters looking for "gamification", or hiring by using virtual games. Marriott's Facebook game, My Marriott Hotel, allows aspirants to try their hand at running the hotel's kitchen operations virtually. They earn or lose points depending on customer satisfaction. L'Oreal recruits close to 30 percent of its managerial cadre through gaming channels. In its virtual game L'Oreal Reveal, business management aspirants get to work on projects and solve business tasks across finance, sales, marketing, operations and research and innovation. Another game, Brandstorm, targets candidates for marketing roles. Successful players get an opportunity to be interviewed by the company. Mohit James, director HR, L'Oreal, says gaming allows candidates to fast-track the recruitment process.
 
Source : 12-07-12   Hindu Business Line   Compiled by www.naukri.com
Hiring Plan On Track, No Decision On Wage Hike: Infosys
 
Software services major Infosys said it will stick to its target of hiring 35,000 people this fiscal but is not looking at wage hikes for now. The hiring plan, which includes 13,000 jobs for its BPO operations, will be adhered to despite an uncertain global economic growth environment and the wage-hike freeze."We are going to add 35,000 more people this year, the same number as we guided last quarter for the full year," Infosys Chief Financial Officer V Balakrishnan said here, after the first quarter results announcement.The number includes 13,000 people for the BPO operations, he added.
 
Source : 12-07-12   IBN Live.com   Compiled by www.naukri.com
U.S. Firms Pitch For More Green Cards To Indians
 
Some 300 U.S. technology firms have called for removal of per-country quota in the allotment of green cards to Indian IT professionals. The cap is stifling innovation and putting ideas on hold, say companies which include AMD, Cisco Systems, Oracle, Symantec and Microsoft say. They have written to the U.S. Senate Subcommittee on Immigration, Refugees and Border Security, asking it to support a piece of legislation that seeks to remove the per-country limit. "Under the current law, 1.40 lakh green cards are awarded annually to immigrants. But the cap for any one country is fixed at seven per cent," the letter said. The cap does not distinguish countries based on their merit and numbers. The same number of green cards is being given to people from India and China, as to Greenland.
 
Source : 10-07-12   Hindu Business Line   Compiled by www.naukri.com
Huawei Puts 300 Employees On Overseas Accounts
 
With the country's telecom sector in the doldrums, Huawei India has shifted more than 300 employees to manage global operations from its India centre. Existing employees are being redeployed to its Global Service Resource Center (GSRC) and Global Competence Center (GCC). The move will help curb attrition rate in the company and keep employees engaged, Huawei said. It employs 6,000 people in India. Many of these employees in the GSRC and GCC platforms are already involved in supporting Huawei's international telecom clients in Asia Pacific, Europe, Africa and Middle East, said A Sethuraman, Huawei India executive director. The Supreme Court's cancellation of 122 telecom licences has affected telecom equipment makers.
 
Source : 10-07-12   Hindu Business Line   Compiled by www.naukri.com
TVS Capital- Backed Om Pizza Appoints New Leaders
 
Om Pizza, a portfolio company of TVS Capital Funds Limited, announced the appointment of two key veterans in leadership positions to lead Om Pizza, the master franchisee for Papa Johns Pizza in India as well as Chillis, the popular Tex-Mex restaurants in South and West India. The appointment follows fresh investments made by TVS Shriram Growth Fund 1A in Om Pizza.. Tejpavansingh Gandhok, who was the co-founder and CEO of Litebite Foods, will provide strategic leadership to Om Pizza. Apart from Mr. Gandhok, V Kannan joined the team as general manager, Commercial and Operations.
 
Source : 10-07-12   Business Standard   Compiled by www.naukri.com
India Consumer Confidence Down: Nielsen
 
Consumer confidence fell across major emerging economies — China, India and Brazil — in the second quarter, according to a survey by global information company Nielsen.A worsening euro zone crisis, sluggish US jobs growth and slowing growth in China and India combined to dent consumer confidence globally in the second quarter with concern over the economic outlook and job security the biggest concerns.It also showed that Indonesians have overtaken Indians as the most upbeat consumers. Global consumer confidence dipped in the second quarter from the previous three months, the survey said.According to Nielsen, 53 per cent of global respondents were optimistic about their personal finances, but that was down 2 percentage points from the first quarter.Asia-Pacific respondents reported the biggest decline in favourable financial perceptions, declining four points to 59 per cent.
 
Source : 17-07-12   Financial Express   Compiled by www.naukri.com
GE Healthcare To Add 400 Jobs In India This Year
 
Global medical technologies major GE Healthcare will increase its workforce by about 10 per cent in India to 4,400 people by the end of this year as it look to strengthen research work in the country. “We will be adding 10 percent more to our present strength of 4,000 employees in India by the end of this year,” GE Healthcare South Asia president and CEO Terri Bresenham said.This will take the company’s manpower strength to 4,400 in the country, she added. Ms. Bresenham said the company has plans to enhance its research and development team of 1,200 people in India.“Out of these 400, between 150 to 200 people will be in research and development (R&D),” she added.GE Healthcare is a $17 billion unit of General Electric Company. Worldwide, GE Healthcare employs more than 46,000 people.
 
Source : 09-07-12   Firstpost   Compiled by www.naukri.com
More Reforms, Obama Urges India; IT Feels Pinch
 
U.S. President Barack Obama voiced concern over the deteriorating investment climate in India and called for another “wave” of economic reforms. He was, however, positive about the Indian economy “which continues to grow at an impressive rate”. To a large extent, the slowdown could be attributed to the slowdown in the global economy. Citing some concerns of the U.S. business community, he said investors thought India was too hard to invest in. The country limits or prohibits foreign investment necessary for job creation in both the U.S. and India. One of the most effective ways for creating jobs by continuing to expand trade and investment, Obama said. The time may be right for another wave of economic reforms. Meanwhile, the adverse effects of tough U.S. visa rules have begun to tell on the Indian IT industry, with first quarter operating margins showing a contraction.
 
Source : 15-07-12   Financial Chronicle   Compiled by www.naukri.com
Stay Connected With Your Campus Hires Before They Join
 
In the current campus hiring scenario, companies invest a lot of time and money in visiting premium campuses, negotiating with the placement cell for a day one slot, identifying the best talent and giving lucrative offers. The joining date is usually at least six months from the date of offer. During this time period, the student could get multiple job offers and might be having second thoughts about joining the company which gave the first offer. Many companies would prefer these students to be engaged with their brand throughout this period. Firstnaukri.com – the fresher hiring portal from Naukri.com, has added iJoin – a powerful fresher onboarding tool, to its suite of fresher hiring solutions for employers. The tool has features like customizable micro-site, advanced query management, online content sharing and targeted communication to make sure that the employer can communicate its employer brand to the new hires while they are at campus. Firstnaukri offers fresher recruitment solutions to corporate clients hiring for internal requirements. For more details email sales@firstnaukri.com or call 1800-102-5558 (Toll Free).
 
Source : 15-07-12   15   Compiled by www.naukri.com

Losing sight of shore

One doesn't discover new lands without consenting to lose sight of the shore for a very long time. Andre Gide

To take in that quote one must “lose sight of the shore,” if only briefly. That shift in attention is all that is required to open the doorway to infinite lands of discovery. Today, practice that shift in attention from conditioned mind to here.

Tuesday, 17 July 2012

Problems

One of the nice things about problems is that a good many of them do not exist except in our imaginations. Steve Allen Today, notice how conditioned mind creates problems. Ask yourself, “If I didn’t experience this as a problem, would it be one?”

Monday, 16 July 2012

Who you are

Tell me to what you pay attention and I will tell you who you are. Jose Ortega y Gasset Today, without judgment or self-hatred, look to see what your habitual focus of attention says about who you are.

Sunday, 15 July 2012

Impossible

Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible. St. Francis of Assisi Today, bring enjoyment to doing what is necessary and allow that enjoyment to open you to what is possible.

Saturday, 14 July 2012

Dream

Dream as if you'll live forever. Live as if you'll die today. James Dean What is a dream you have that is remaining unfulfilled for no good reason?

Friday, 13 July 2012

Ministry-wise PIB releases

 

No Pain

If you are distressed by anything external, the pain is not due to the thing itself, but to your estimate of it; and this you have the power to revoke at any moment. Marcus Aurelius The Buddha taught that we suffer because we cling. “Clinging” is defined as “holding on or pushing away,” which are the same thing. Both require intense focus and energy. Today, notice how “your estimate” of a thing determines your experience of it. If your experience is suffering, revoke your estimate.

Thursday, 12 July 2012

Be Flexible

With every gust of wind, the butterfly changes its place on the willow. Basho Today, be flexible!

Wednesday, 11 July 2012

HR HEADLINES


 
India Inc Witnesses Stable Hiring Activity Consecutively For The Last Three Months- Naukri Job Speak Index
 
Hiring activity in the country has been a mixed bag with sectors such as Construction, Insurance, Oil & Gas and ITES going slow on their hiring plans, but others like Auto and Pharma continuing to hire fresh talent. Most industries have started feeling the brunt of a slowdown with sectors like Construction, ITES, Oil & Gas and Insurance witnessing a 17%, 10%, 8% and 6% dip in hiring levels in June-12 when compared to the same time a year ago. Software Services, Banking and Pharma sector however has seen their hiring levels pick up by 9%, 16% and 19% respectively in June-12 over June-11. Auto and the Heavy machinery sector has seen hiring numbers similar to what it was last year.
 
Source : 10-07-12   Naukri.com   Compiled by www.naukri.com
Joblessness Rate In FY12 Pegged At 3.8%
 
The unemployment rate stood at 3.8 percent in the last financial year, according to the annual survey by the Labour Bureau. This was a steep decline in comparison with the earlier survey which found the rate to be 9.4 percent. The difference was due to the sample size. Unemployment in rural areas was at 3.4 percent and 5 percent for urban areas. The majority of those earning a livelihood were self-employed or casual labour. About 48.6 percent were self-employed and 31 percent were casual labourers. DS Kolamkar, director general of the bureau, said the high rates of self-employment were striking. The survey was done to assess the impact of global economic events. Joblessness in India was found to be much lower than global trends. Data was collected from a sample of 128,298 households.
 
Source : 10-07-12   Business Standard   Compiled by www.naukri.com
IT Results, Hiring May Disappoint In Q1
 
Trends in IT hiring and benching will be keenly watched amid expectations of muted first quarter growth. Infosys, along with Tata Consultancy Services (TCS), will be the first to report numbers that may not be as anticipated because of the slowdown. Infosys is expected to pare the revenue guidance for the current financial year to 7 percent to 9 percent from the 8 percent to 9 percent forecast at the end of FY12. Analysts expect Wipro Technologies to clock 1 percent growth over the previous quarter. TCS and HCL Technologies are expected to grow 4 percent. Pankaj Kapoor and Apoorva Oza, analysts at Standard Chartered, expect muted revenue growth at Infosys and Wipro despite a strong Q1. Macroeconomic conditions in both the U.S. and Europe may continue to affect the industry, with outsourcers delaying decisions on technology spending.
 
Source : 10-07-12   The Hindu Business Line   Compiled by www.naukri.com
Yes Bank, Federal Bank, GE Healthcare To Hire More
 
Yes Bank is on a recruitment drive and plans to add 7,100 people in the next three years. The bank is going retail in a big way and is adding to its workforce and branch network. It expects its employee strength to grow to 7,200 in 2012-13, which means an addition of 1,500 people in the current year. Federal Bank is also planning to hire between 1,200 and 1,400 people this year. The bank currently has 978 branches and is expected to hit the 1,000 mark soon. The plan this year is to add 150-200 branches. Meanwhile, medical technologies and services provider GE Healthcare will hire 400 people in India by December. Half of these will be recruited for its R&D centre in Bangalore. The company's India revenues grew 25 percent last year.
 
Source : 10-07-12   Hindu Business Line   Compiled by www.naukri.com
GTL Looking To Prune Workforce By 1,500
 
Telecom tower company GTL may be planning to lay off 1,500 employees as it seeks to cut costs and service its debt. A set of employees has reportedly been asked to leave by July 31 and another set by August 31. The company has 35,000 employees. It has closed down several units and has undertaken a massive downsizing drive. A GTL official denied any large-scale lay-off and said the churning was due to a shift in focus to the power business. GTL is under a corporate debt restructuring scheme, under which it can repay its Rs 6,000 crore debt at 11 percent interest rate over eight years. It reported a loss of Rs 453 crore in 2011-12 and has been laying off people for the last five months. Half of its employees in Mumbai have quit.
 
Source : 09-07-12   Hindustan Times   Compiled by www.naukri.com
Training Gets Extended, Pay Shrinks In Crunch Time
 
Midsize IT firms are tweaking training programmes for the fresh engineering graduates they recruited this year. Bangalore-based MphasiS is planning to almost double its training duration from three months to six months. It will include the concept of blended learning this year, with domain training being introduced at the entry level, said Usha Subramanian, vice president and head, technical and domain learning. Organisations are increasingly acknowledging that engineers need to be trained in skills other than technical. NIIT Technologies has increased its training period by 20 percent since last year. This year, the focus will be on non-technical and soft skills. As the training period gets longer, salaries will get lower. Amit Bansal, CEO at PurpleLeap, an Educomp and Pearson joint venture, says a midsize IT company typically pays Rs 25,000 per month as salary but Rs 15,000 as stipend.
 
Source : 08-07-12   Financial Express   Compiled by www.naukri.com
Differently Abled Staff Boosts Diversity Agenda
 
Industry is recruiting differently abled people in keeping with the spirit of “inclusion and diversity”. Sectors such as IT/ITeS, banking, financial services and insurance as well as retail and telecom are hiring staff with disabilities. They see two advantages, a diversified workforce and lower attrition rate. It also enhances the company’s brand image. Vidya Rao, programme manager, employment, EnAble India, says diversity is the buzzword in the recruitment space. Companies are also sensitising their employees. EnAble India is an NGO that trains persons with disabilities and prepares them to join the mainstream workforce. Wipro has been hiring between 80 and 100 employees with disabilities annually. It recruits candidates from technical and management campuses, direct enquiries and lateral hiring drives. Niranjan Khatri, general manager, Welcomenviron Initiatives, ITC Welcom Group, says the differently abled workforce performs very well if given niche opportunities.
 
Source : 08-07-12   Hindu Business Line   Compiled by www.naukri.com
Services Record Slower Pace Of Expansion In June
 
The services sector grew at a moderate pace in June, recording eight months of growth, Financial Chronicle reports. HSBC’s services purchasing managers’ index, which gauges the activity of about 400 firms in India, dropped to 54.3 in June from 54.7 in May. However, it has topped 50 since November, signifying growth. Driven by domestic consumption, order flow was the strongest in four months. However, weak demand from the U.S., the euro zone and the U.K. does not bode well for Indian companies. Firms also added jobs at a faster pace in June to deal with the surge in new business and reduced backlogs. The jobs index for the services sector rose to 51.1 in June, from 50.5 in May. Businesses are relatively optimistic about the outlook for the coming 12 months, but sentiment has eased a bit from the previous month.
 
Source : 06-07-12   Financial Chronicle   Compiled by www.naukri.com
European Tech Firm To Treble India Engineering Headcount
 
European technology, consulting and engineering specialist Alten Group is looking to boost its headcount in India. The company currently employs 800 engineers and plans to increase the number to 2,500 by 2016. Alten is focused on engineering research and development in aerospace, railways, energy, telecom and healthcare. It had a turnover of €1.07 billion. The company acquired Calsoft Labs in May 2011, enabling it to expand its expertise in telecom product engineering and cloud computing. Gerald Attia, deputy CEO, said it plans to make strategic acquisitions in India in wireless communications, VLSI design and big-data analytics. Alten expects growth in its India operations to ride on the increased use of electronics, demand for greater fuel efficiency, greater localisation and lack of availability of skilled personnel in advanced countries, Attia said.
 
Source : 15-06-12   The Hindu   Compiled by www.naukri.com
Manpower-Rich Biotech Sector Faces Skills Gap
 
The biotechnology sector is confronted with a unique problem. It has excess manpower, but lacks skilled people in certain areas. There is enough by way of numbers, but skilled manpower is in short supply, according to Nandita Chandavarkar, director operations of the Association of Biotechnology-Led Enterprises (ABLE). There is confusion regarding the definition of biotechnology, says Shyam Suryanarayan, CEO of HR firm C-Drive, which focuses on placements in the science sector. Biotechnology is only correlated with biopharma, but the field is in fact quite vast, covering biofuels, nutraceuticals, drug discovery, medical equipment and biosimilars. There is a need for courses and curriculum to suit the requirements of the different segments of the biotech industry. ABLE is planning to launch an online portal which will allow biotechnology students to gauge their skills.
 
Source : 04-07-12   Hindu Business Line   Compiled by www.naukri.com
Kotak Life Names Appointed Actuary
 
Kotak Mahindra Old Mutual Life Insurance has picked Sunil Sharma as appointed actuary. He has worked with companies like Swiss Re and GE Financial Assurance, among others. He has experience of more than 21 years in life insurance and reinsurance practice areas in India, USA, UK and South East Asia.
 
Source : 04-07-12   Hindu Business Line   Compiled by www.naukri.com
World Bank: Euro Crisis Threat To Global Economy
 
World Bank CEO Jim Yong said the crisis in the eurozone was a serious threat to the global economy and European countries should act to restore stability. The world’s economy “remains highly vulnerable”, Yong said on the first day of his new job as CEO. He added that the World Bank had an economic and moral imperative to help address risks to global growth, no matter where they happen. When a crisis hits and no safety net is in place, the effects can be devastating. His immediate priority in the current volatility would be to assist developing countries maintain progress against poverty, he said. Mr. Yong’s predecessor Robert Zoellick too had pointed out a number of times the danger that the euro crisis and indecision among European leaders posed to the rest of the world.
 
Source : 02-07-12   Hindu Business Line   Compiled by www.naukri.com
IIT-B Students Going In For Offbeat Roles
 
Several students from the Indian Institute of Technology, Bombay (IIT-B) are opting for jobs in institutions or organisations unrelated to their fields. Mundhadha, 18, a first-year electrical engineering student, has chosen not to intern with a traditional, core discipline-related company. Instead, he has joined a newspaper office. Sarvesh Kumar, 21, a third-year civil engineering student, has completed a two-month internship at an advertising agency this summer and is happy with the experience. The institute’s students are also venturing into the social sector. Avanti Fellows, a two-year-old non-profit group, has hosted a number of interns from IIT-B. The company helps poor children get admission into top medical and engineering institutions. Urjit Yajnik, dean of student affairs at IIT-B, says students put their analytical training into whatever they decide to do. The institute encourages them to pursue their aspirations.
 
Source : 02-07-12   Hindustan Times   Compiled by www.naukri.com
Bofa Cutting Commercial Banking Jobs
 
Bank of America Corp has been cutting jobs in its commercial banking unit in recent weeks even as it tries to boost the group's business, people familiar with the situation said, reflecting the bank's broader struggles to grow in a tepid economy.The job cuts are the latest round in the bank's cost-cutting program, known as Project New BAC, and focus on the unit that makes loans to mid-sized companies around the country. Analysts expect Bank of America to disclose more about the current round of New BAC when it posts earnings on July 18.
 
Source : 30-11-99   Reuters.com   Compiled by www.naukri.com

Job application - Ecademy

This is a powerful message in our
modern society. We seemed to have lost our bearings & our sense of
direction.

One, young, academically excellent
person went to apply for a managerial position in a big company.

He passed the first interview. The
director who did the last interview, made the last decision.

The director discovered from the CV
that the youth's academic achievements were excellent all the way,
from the secondary school until the postgraduate research. He never
had a year when he did not score.

The director asked, "Did you obtain
any scholarships in school?" The youth answered "none".

The director asked, " Was it your
father who paid for your school fees?" The youth answered, "My father
passed away when I was one year old. It was my mother who paid for my
school fees."

The director asked, " Where did your
mother work?" The youth answered, "My mother worked as a clothes
cleaner. The director requested the youth to show his hands. The youth
showed a pair of hands that were smooth and perfect.

The director asked, " Have you ever
helped your mother wash the clothes before?" The youth answered,
"Never, my mother always wanted me to study and read more books.
Furthermore, my mother can wash clothes faster than me. "

The director said, "I have a request.
When you go back today, go and clean your mother's hands and then see
me tomorrow morning."

The youth felt that his chance of
landing the job was high. When he went back, he happily requested his
mother to let him clean her hands. His mother felt strange, but with
mixed feelings, she showed her hands to her son.

The youth cleaned his mother's hands
slowly. His tears fell as he did that. It was the first time he
noticed that his mother's hands were so wrinkled and that there were
so many bruises in her hands. Some bruises were so painful that his
mother shivered when they were cleaned with water.

This was the first time the youth
realized that it was this pair of hands that washed the clothes every
day to enable him to pay the school fee. The bruises in the mother's
hands were the price that the mother had to pay for his graduation,
academic excellence and his future.

After finishing the cleaning of his
mother hands, the youth quietly washed all the remaining clothes for
his mother.

That night, mother and son talked for
a very long time.

Next morning, the youth went to the
director's office.

The Director noticed the tears in the
youth's eyes and asked, " Can you tell me what you did and learned
yesterday in your house?"

The youth answered, " I cleaned my
mother's hands, and also finished cleaning all the remaining clothes.'

The Director asked, " Please tell me
your feelings."

The youth said, Number 1, I know now
the meaning of appreciation. Without my mother, there would not be the
successful me today. Number 2, by working together and helping my
mother, only now I realize how difficult and tough it is to get
something done. Number 3, I have come to appreciate the importance and
value of family relationship.

The director said, " This is what I am
looking for in my new manager.
I want to recruit a person who can
appreciate the help of others, a person who knows the sufferings of
others to get things done, and a person who would not put money as his
only goal in life. Son, you are hired."

Later on, this young person worked
very hard, and received the respect of his subordinates. Every
employee worked diligently and as a team. The company's performance
improved tremendously.

A child, who has been over protected
and habitually given whatever he or she wanted, would develop the
entitlement mentality and would always put himself first. He would be
ignorant of his parent's efforts. When he starts work, he assumes that
every person must listen to him, and when he becomes a manager, he
would never know the sufferings of his employees and would always
blame others. This kind of person, may be good academically and may be
successful for a while, but eventually would not feel a sense of
achievement. He will grumble and be full of hatred and fight for more.
If we are this kind of protective
parents, are we really showing love or are we destroying the kid
instead?

You can let your kid live in a big
house, eat good meals, learn piano, watch a big screen TV. But when
you are cutting grass, please let him experience it. After a meal, let
him wash his plates and bowls together with his brothers and sisters.
It is not because you do not have money to hire a maid, but it is
because you want to love him in the right way. You want him to
understand, no matter how rich his parents are, one day their hair
will grow grey, same as the mother of that young man . The most
important thing is your kid learned how to appreciate the effort and
experience the difficulty and learned the ability to work with others
to get things done.

Very Touching Story, Thank you Thomas Power.

Say No

I respectfully decline the invitation to join your hallucination. Scott Adams Supposedly, the Buddha said 2500 years ago, “Society is insane.” It appears not much has changed! Today, identify an aspect of society that is, for you, insane and hallucinatory and respectfully decline to participate in it.

Tuesday, 10 July 2012

2-month course on ethics for senior civic employees from August: Kunte - Express India

Mumbai Saying “personal ethics” was the only possible solution to end corruption in governance, municipal commissioner Sitaram Kunte said a two-month course on ethics would be given to all middle to senior level employees in the Brihanmumbai Municipal Corporation (BMC) in August and September. Speaking at the Loksatta Loudspeaker event held on Thursday, Kunte said that to “fight the temptations of office”, it is important to have strong personal ethics.

“During my postgraduate studies in the US, I realised the importance attached to personal ethics amongst government employees there. Though it is a part of study modules within the UPSC exams, most state-level exams do not have such modules. This workshop will be conducted by counselors for our employees,” he said.

Kunte, who took charge as civic chief on May 1, listed out various points under his “vision document” for the city. Making inclusive development an important aspect of the ongoing revision of development plan (2014-2034) was on top of his plan. “Making Mumbai a slum-free city in the future requires for us to think of inclusive policies such as low-cost housing, slum rehabilitation and so on,” he said.

Asked about the problem of deep-rooted corruption in the procurement system in the civic body, Kunte said on the lines of the Centre’s public procurement law, the BMC would formulate a procurements policy to end malpractices such as “cartelisation” of contractors, obscene variations and bid-rigging.

The other priorities listed by Kunte were expediting work on the coastal road, clearing traffic bottlenecks, completing the much delayed Brihanmumbai Stormwater Drainage project, expediting work on the Daman Ganga-Pinjal river linkage project, improving complaints redressal system at the ward level, increasing capacity and quality of peripheral hospitals and developing the much needed open spaces in the city.

He added that all big metropolises in the world have reached the brink of breakdown before achieving the status of a world-class city and the same would happen in the case of Mumbai.

Finishiative

"Finish each day and be done with it. You have done what you could. Some blunders and absurdities no doubt crept in, forget them as soon as you can. Tomorrow is a new day, you shall begin it well and serenely..." Ralph Waldo Emerson

Monday, 9 July 2012

There are no ordinary things

Zen means doing ordinary things willingly and cheerfully. R.H. Blyth Of course Zen doesn’t “mean” anything. But we can still do ordinary things willingly and cheerfully. Today, do what you do with willingness and cheer and prove to yourself that there are no “ordinary” things.

Sunday, 8 July 2012

Going where life leads me

I learn by going where I have to go. Theodore Roethke Today, let life lead you and remind yourself that going where life leads you is life’s gift to you.

Saturday, 7 July 2012

Meaning

Concert pianist Vladimir Horowitz tells about the time he played a dissonant contemporary composition at a private gathering. When he finished, someone asked, "I don't understand what that composition means, Mr. Horowitz. Could you please explain it?" Without a word, Horowitz played the composition again. When he finished he turned to his questioner and said, "That's what it means." Conditioned mind is always arguing for meaning precisely because there is no such thing, and the way to stay busy is to try to find something that doesn’t exist. Today, have a meaningless day--and enjoy every minute of it!

Friday, 6 July 2012

Experience

If you want to understand what a watermelon is, you take a watermelon, get a knife, and cut the watermelon. Then you put a slice in your mouth. Boom! YOUR experience! Seung Sahn Today, in at least one situation you’re conditioned to assume about rather than being present to, refuse. Have your own experience instead.

Experience

If you want to understand what a watermelon is, you take a watermelon, get a knife, and cut the watermelon. Then you put a slice in your mouth. Boom! YOUR experience! Seung Sahn Today, in at least one situation you’re conditioned to assume about rather than being present to, refuse. Have your own experience instead.

Thursday, 5 July 2012

Reflection

The world is a looking glass and gives back to each of us the reflection of our own face. William Makepeace Thackeray Today, see yourself reflected in all that surrounds you.

Wednesday, 4 July 2012

The way we are

The entire world is a mirror. The only thing you can ever experience is yourself. Everything you think, feel, do, and see is you. Your thoughts, feelings, ideas, values, philosophies, and opinions create your world. Everything you experience is as it is because that's how you experience it. We experience the world the way we do because of who we are, not because of how it is. from The Key and the Name of the Key Is Willingness Today, without allowing the voices of conditioning any opinions at all, allow yourself to see yourself through the world you are projecting.

EBook by Cheri Huber

Tuesday, 3 July 2012

Out on a limb

Don't be afraid to go out on a limb. That's where the fruit is. H. Jackson Browne Today, go out on a limb for something. Pick something sweet.

Monday, 2 July 2012

Youngster Inside

None are so old as those who have outlived enthusiasm. Henry David Thoreau

Today, keep company with the enthusiastic youngster inside.

Did you know...

Did you know... ... that today is Bald Eagle Comeback Day? On June 28, 2007, in a ceremony in Washington, D.C., the bald eagle was official...