Why the cards?

Be it national governance, departmental practice, personal finance, or even a supermarket the cards shone.  It is the card age right away especially in India. In case of subversive activities happening new and then photo identity proof help ward of the evil.

It all started with the diving license whence it turned into a portable card. Earlier it was a cumbersome practice of carrying the A4 size form that was often bound to a hard cover which could be folded for comfort. Like other instruments that came in later the driving license was introduced to certify you driving ability and to prevent road misuse.  Your name and particulars where in record and so was your identity.

The laminated card made all the difference perhaps it encouraged people to get one and be safe.But this card had no use in business or personal finance matters.  

Among these smart cards debit and credit cards issued by financial institutions such as bank became most popular. These transformed the way we manage our personal finance and even small business.  These instruments have accorded tremendous flexibility and movement. You need not carry loads of money any more in your pocket or bag and eventually get mugged.   A swish at the ATM and you get the moolah you require.   

The Ration card is also popular among those below the poverty line but it also acted like a fantastic address and photo identity proof which worked on many difficult instances. Along with your mark sheet which acted as proof of birth the ration card acted as photo and address identity for availing passport, electric connection etc.

The voter identity card also facilitated fair play in case of elections big or small. This also played a valuable role in its use as photo identity and address proof. But than those eligible for voting could avail this card. Hence still did not have an all purpose card that could be applied for by one and all.   

Project Aadhar by UIDAI recently launched as UID Card benefits those recipients beneficiary of Government based schemes and privileges. The card uses biometrics as means of identification and hence is fool proof. This instrument is an all purpose card very useful for photo identification.             

The permanent account number (PAN) in India was one of the major steps taken to create greater accountability regards taxation and financial transaction. Initially there was a great hesitation regarding this popular instrument in the country. Introduced by the ever vigilant Department of Taxation the usage brought into the net many tax payers who did not. There came a greater curb in illegal transactions and wrong banking practices. The mandatory subscription for opening bank account of purchasing properties etc brought in more people. In India, even the NRI require the pan card number for conducting financial transactions and property purchase. There are no disadvantages of this laminated card as people believe. 

Unlike credit and debit cards PAN and UID cards can be applied for online. The application forms can be downloaded with ease and submitted. Some formalities could be manual but nevertheless less bothersome.  

Reforms Key to India's Economic Growth

After years of stringent policies the socialistic pattern was done away with by Manmohan Singh as a finance minister. The UPA government promises more reforms under Manmohan now the Prime Minister of India.

The government announced to the industry a new set of reforms in order to boost the slow down in manufacturing sector. This reforms will come about with setting of a joint task force with India Inc.   

Several suggestions has been forwarded to the government for consideration. The reforms also include sectors like Income Tax, FDI, goods and services, and multi brand retail as well. All this transpired whence Commerce Mimister Anand Sharma held a review meeting with CII. He also intends to hold a review meeting with FICCI soon.      

The urgency came into picture due to dismal industrial performance where the growth slipped down to 5.6 %. It also augured the need for a positive business environment in the country.  Many factors and issues will be taken into consideration for a positive outcome. 

Opportunities for US

For slowdown in economic growth and poor employment rate solution can be found elsewhere in China and India suggests Business Week. The economy news magazine sees opportunities for American products in under developed countries.

The key to success is niche products with a greater degree of difficulty in the manufacturing process. Hence these products cannot be replicated or discounted. Cutting edge technology can yield robust order from less developed countries. 

Countries like India and China will always maintain economic growth in the near future. Setting up plants in these countries will be an effective cost cutting exercise. The strategy will result is  robust growth for the US concerns.

Dye Manufacturing Key Issues

Dyes are substance or chemicals which impart color to a material. The manufacturing process is complex and at times hazardous. The techniques differ in manufacturing of various dyes. After the invention of synthetic coloring agents many product types have been manufactured for different applications. The process requires synthesizing, filtration, drying and blending with other products and additives. The final product is then ready for use. After synthesis the product is separated using distillation precipitation and then crystallization. After this fishing operations are carried out.

The manufacture releases air pollutants some of them are NO2, SO2, volatile organic compounds and hydrogen chloride. Solid wastage effluents and sludge are also of major concern. Various treatment methodologies are applied to destroy or lessen the presence of toxic elements released during production.

Pollution prevention and control is a must during the process of production. The amount of toxic wastes has to be minimized. Use of alternative dyestuff is recommended instead of azo dyes for textile manufacturers. It is wise to reuse intermediates or by products than throw them. Minimize spillage by using automated filling plants similarly toxic packing material can be sent to the supplier for reuse. Reduce the generation of waste water and discover uses for rejected lots if possible. Replace highly harmful raw materials with bio degradable ones.

Land use for the plant and the neighboring lands should be protected from toxic pollutants and wastes. On instance of accidental release or spillage of toxic substances a prevention and protection plan should be ready. Quality design inputs and maintenance should be implemented in order to minimize toxic emissions. Careful monitoring and control process along with frequent analysis and reporting is a must. 

The complicated process of dye manufacturing in India is highly advanced. The chemical industry produces many dyestuffs and intermediates to facilitate the production locally. The products are slod with India as well as exported to many other countries in the world.   

Business success pathway

Throughout the world business success has come to those who started small. This does not mean mega entrants have not succeeded but the risk is very high. A very innovative approach has to be adopted in order to start with a bang. All entrepreneurs dream of overnight success but the smart one must start small.

They know that business growth is evolutionary and required infrastructure for high turnover takes time to be built. Most of the large scale businesses in India or mega corps have reached zenith over the decades. The untiring efforts of the pioneers resulted in creating an empire. But this is not a fixed paradigm especially in the days of professional management services.

Though not overnight the exponential growth that Dhirubhai’s business enterprises underwent is remarkable. This was a one man performance similar to phenomenal rise of Infosys and Bill Gates Microsoft Corporation. But than not everyone is born with the characteristics of Dhirubhai, Narayan Murthy or Bill Gates. These greats have built an empire with limited resources.

For small time starters it is imperative that they take note of their resources. They must work within the limitation heavy institutional borrowing can be a bad strategy. Only whence at a stage growth is assured then one should go for rapid expansion. For many this can be a decade long process. Lot of grit and determination is required along with a clear foresight.

The aim and objectives have to be pursued relentlessly in order to succeed. Hence to avoid ending in a disaster dream big but act wisely one step at a time in measured pace.

Jan LokPal Bill

Jan Lokpal Bill is an instrument to control corruption in sociopolitical, business and administrative life of India.  It is also designed to address public grievances and protect those who throw open the lid on major political or business scandals.  The bill is supposed to work like an ombudsman.

It has become big matter of controversy with varied  views. The major hindrance for political system to accept it in form advocated by its proponents is that it dilutes the power of the parliament.It is construed by many as being antithesis to the parliamentary systems.    

The bill incorporates power investigate corrupt politicians, administrative and all others under its ambit without prior permission and independently.  This bill first issued in the year 1968 has undergone many variations but has yet to be cleared by both the houses.

A compromise bill is being favored as against the one proposed by Anna Hazare and his supporters. The bill seeks to empower people to keep an eye on the systems and punish those found guilty. This is perceived unconstitutional by many among the ruling class.    

Card Banking

Every since the financial institutions started using the electronic payment systems the business World has changed. Most popular has been the ATM card. This can be debit or credit as well. This is used for with drawing money from automatic teller machine. The machines are a virtual banking systems with ability to produce balance receipt as well. 

These are plastic laminated with your signature at the back and a unique number called personal identification number or pin. The versatility of ATM cards have increased with many types om authenticating systems in place.In case of all cards the electronic verification systems verifies the authenticity in seconds for processing.

The credit card was conceptualize from a novel it is a follower of many merchant credit schemes. This is issued mostly by the banks. It has a revolving account with a credit limit as per the assessment of borrower. These are not universal and merchants always advertise the institutions from whom the cards are acceptable. The debit card provides electronic access to the holders bank account. It is also used in ATM machines. It is also possible to use it for merchant banking like paying bills at stores and restaurants. They can be used for making purchases on the cyber space. There are also available virtual cards for making Internet payments with no physical attributes at all.

Economic revival of India

India has gone a long way since independence in economy and business. Not only this the country has advanced on all spheres. It is today assumed to be an economic giant a future leader perhaps. 

Just after the independence the country followed socialist, protectionist policies that encouraged public sector but not the private sector. Heavy taxation was a bane of all progress and it encouraged tax evasion hence black money. 

In recent time there has been as lot of reforms which has brought about a dynamic U turn in the economy. With corrective policies and reforms the industrial sector achieved phenomenal growth. Subsequently exports gained a big boost. The low cost manufacturing and affordable service sector made the country attractive for foreign direct investors. The manufacturing sector has gained a lot and is in position to challenge China.   

The country has vast man power which id skilled and semi skilled and understands or speak English. The resultant benefits are obvious and the Nation is engaged in enhancing this factor. Education in India is a priority and will change the country's profile and image abroad. The Indian management cadre, white and blue collar workers and cheap labor contribute to the economy most prolifically. 

The burgeoning technological, research and management institutes are the country's futuristic strength. Indian professional will pay an active role in global economy in time to come.     

Importance of Pan Card in India

It becomes perquisite for big economies to devise systems of control and facilitation. The pan card or permanent account number is one such system that the Government of India finds useful. It is a unique number allotted to the applicant an Indian Citizen or NRI. 

This unique number is based on alpha numerical characters which have a set pattern. The number is allotted to an individual group or a company. Though not mandatory it is required for filing returns and executing major transactions. In banks this card is required for large transactions and facilitates account opening. 

It is one of the best proof of identity and hence very useful. The 10 digit pan number is required on many instances and carries numerous benefits. In the initial stage  it was looked down as insecure or bothersome but now most of the citizens of India have applied for it or have it. 

This useful instrument as been issued by the IT Dept of India under CBDT.  The card is issued  in laminated form with a photograph of the applicant. Besides identity proof it also acts as address proof where ever required. 

The application for this number can be made online at UTI or  NSDL website. The income tax website has a  lot of information to offer. The procedure is simple with some identity proof being a prerequisite. After the application is made on can regularly check pan card status online using a search tool. Having the permanent account number even for non assessee or small business is a good step.  

One needs to quote the permanent account number where ever required. On many instance a photocopy works but sometimes original laminated card may be asked for.   

US economy: Is it all over?

Well what I mean is that is the downslide over. US economy is the World's biggest economy in terms of fiscal capaicty as well as technology.  The country is reeling under stress thanks to wrong banking policies which resulted collapse of major banks.

The unemployment rate is very high and the employed are not confident if they will retain their jobs. Hence the expected consumer spending is not all bouyant. The biggest scare is of cuts in medicare and social security.

Whatever the plus side is it is not enough. More has to be done to bring back the Giant on its feet.

The White House has to point to an emerging strong economy for electoral purpose. Albeit people in US vote more on the basis of what will affect them and their family positively. They do not take unemployment rate or GDP into consideration while voting.