Sunday, January 29, 2012

UID - Aadhar Project

The cabinet committee on UID has approved to bring 600 million Indian citizens under the Aadhaar net. The cabinet committee is presided by the Prime Minster of India. 

After many glitches the the Aadhaar Project due to impending difference between the Authority and Home Ministry of India things seem to be straightening out. The eventual aim of the scheme is to cover all 1.2 billion Indians to register for the Aadhar Card also called the UID card.

The UID number is a twelve digit number that will be printed on the card. This is an all inclusive photo identity scheme that implements biometric data. This date is collected from the applicant using approved devices and methods. As per the latest news this data will be shred between the UID General and UID Authority.  Along with biometric data demographic profile is also screened to establish the persons identity.  

Thursday, January 19, 2012

Nation Building

Seen through a myopic perspective top rung Indian industrialist always appear to amassing huge wealth. It is true on many instances but many have indulged into a philanthropy that has immensely benefited the Nation.  Foremost examples that come to mind are the Tatas & Birla Group.    

Number of institutions like education centers, hospitals and research centers where generously built through donations from these corporate giants. The personal wealth was transferred into Sir Ratan Tata Trust and
Sir Dorabji Tata Trust and both where instrumental in philanthropic work in the country.

The trusts went on to build TIFR, Indian Institute of Science and Tata Memorial Hospital. There are many other noted industrialist who have contributed to Nation Building is a commendable way. 

Global Economic Scenario - Banks

US economy leaping far ahead of the World crumbles and many banking institutions pack up overnight. The economists are stunned no one could peep through the curtains of corporate offices. What happened?

Bolstered by a strong economy and upward trends, the banking institutions fed the public on easily available loans under presumption that return is no big issue. It was! The country had begun facing the heat with most of the manufacturing moving to Asia, competition in service sector and competition from rising economy like India and China.   

These factors have severely affected the developed World especially Europe. For the banking sector a new paradigm has to emerge in order to manage cash adequacy and mitigate risk factors. This means more regulatory norms and stringent compliance.

Capital Flow inwards is crucial for smaller banks to retain fund adequacy. Sound financial strategies are the order of the day.  For small sized large amount of capital input is a necessity if they have to grow bigger.

Tuesday, January 17, 2012

Insurance is a risk management strategy

A business always fears uncertainty or uncertain risk factors that constantly loom over head.  Hence all business resorts to insuring whatever aspect that can be insured. In order insure the company charges a premium which is the charge paid by the policy holder.  The insurer compensates the policy holder as its service and binding.

The risk cover guarantee is prefixed and the cover is granted based on terms and condition set by the insurer.  The business has positive impact on people and industry by covering their risk in order to prevent a financial catastrophe.

The basic risk cover is against accident, fire, theft, fraud. Then there are special types of insurance applicable to big business and major institutions. The terms and conditions differ depending upon the type of insurance.

All over the World insurance business is booming both in public sector and private sector.  Hence marketing and publicity has become a major strategy for these companies. 

Health insurance is also a major sector providing health expense cover for major surgical treatments and hospitalization charges. Small accident benefits are also covered.  Life insurance is the biggest service sector in risk management. The benefit accrues to the policy holder’s family in case untimely demise.

There are specific guarantees as well as comprehensive risk cover guarantee in case of latter the premium applicable is more.

Junk Removal Best Practice

 Junk is basically an amassing of used goods, items which constitute furniture, equipment, used household items and what not.  The junk may accumulate over a number of years and can come in your way all the time. In case of large number of junk items one needs a professional service to remove it.  

It is not easy to remove large amount of junk from your house or factory as safety is the key consideration. Secondly you need to dispose it to the right place and cannot dump it just anywhere. The junk removal services are expert at their jobs and hence deliver you efficiently from the accumulated mess.

Junk constitutes anything which people do not find useful or which does not have any resale value. Well there are dealers in junk material but they will pick up few selected items which have a resale value. These dealers make lot of money by selling items as second hand buy paying you very little. On the other hand reusing wasted or unused items is a good practice and leaves less carbon footprints. Recycling material is also a good practice as it reduces consumption of natural resources and brings down pollution from manufacturing units.

In the rich countries like USA where people consume or use a lot of consumer durables. These are manufactured items, cutlery, electrical and electronic items, furniture, paper, plastic and things made of various materials when these lose their utility they are thrown aside.   

The right manner to dispose these would be to the second hand store, recycling units, charities and perhaps collectors.  It is better to be circumspect in use of all your household needs and preserve them for as long as you can. This simply means one has to be frugal in usage of material things.

But it is common practice to remove unused items from the house this can be done through the garbage bin. But only small items are thrown this way if the rules do not prevent it. In many countries people dump items on the roads since this is the easiest way to get rid of them. But this is a heinous practice since it troubles the public service machinery. Fortunately one cannot do this in every country.

Hence if lot of space is occupied in your house by unwanted things and you have no other recourse then call a removal service. These are professional businesses and have a license and expertise to do the job meticulously. If you wish to do things by yourself, than you need to hire the right equipments for the job.   

Depending upon the enormity of the task you may have to roll off hire containers, dumpster and dump truck. If the task is small the equipment size would be reduced and so would be the cost.   But discretion is better than valor since sometimes this can be a safety hazard. Hence a wise guy will prefer to hire a junk removal company the try to do it oneself.

Before choosing company for this  task one needs to be circumspect. Ask for the reputation of the service in you neighborhood or friends and relatives who have used their services. Check prices that are applicable t o type of work you have to get done. Choose a company online that is near to your locality.   

Tuesday, January 3, 2012

Cyrus Mistry - Profile

As a successor to Ratan Tata, Cyrus Mistry will head the mega empire of Tata Group and its holding company Tata Sons as chairman.  He is the son of eminent Mr. Pallonji Mistry. Born is the year 1968 he is a young businessman taking over on of the largest business house in India.  

Cyrus also serves as directory of his father's company besides some other companies. The Pallonji family holds more than eighteen percent share in Tata Sons and he happens to be the second non Tata Chairman in the history of the corporate. 

Mistry is highly experienced and has worked as a Director at Shapoorji Pallonji Infrastructure Capital Co. Ltd, Tata Sons, Oman Shapoorji Construction Co., Cyrus Investments Ltd, Tata Elxsi, Forvol International Services Ltd, Ltd and Muscat Pallonji Shapoorji & Co. Pvt. Ltd, Shapoorji Pallonji & Co. (Rajkot) Pvt. Ltd, Shapoorji Pallonji & Co. Ltd,  Shapoorji Pallonji Power Co. Ltd, Buildbazaar Technologies (India) Pvt Ltd, Sterling Investment Corporation Pvt. Ltd, Samalpatti Power Co. Pvt. Ltd,  Shapoorji Pallonji Finance Ltd and Tata Power Company Ltd.  

The eminent Chairman has studied at Mumbai based school Cathedral & John Conon School and graduated in civil engineering from Imperial College in London. He holds a master's degree in management from London Business School.   

His only Tata connection is Noel Tata betrothed to his sister Aloo and half brother of  Ratan Tata. He will takeover the reins in the year 2012 when Ratan Tata retires. 

Wednesday, December 28, 2011

Online Business - Key to Success

The Internet has been the biggest technical revolution in this decade. It has succeeded in setting up a new paradigm for business and professionals. The major focus has been conducting business online for smaller players. For mega corps it has been  more of showcase or brand building while many utilize it as networking tool with their employees, partners and clients.

Small business try to get the best from their online presence. But the path is riddled with difficulties and it is not easy to succeed. The most important element is the interface website or portal whatever you may call it. teh designing, content and layout is important and so are the factors that create trust.      

For conducting business on the web it is imperative that you interface creates trust. This can be one using accreditation which constitute registration proof, license, client testimonials and security tools on the website. The presentation of the company should appear as  such and not as one man pot luck show.

The content should spell out fine details of products and services, guarantee or assurances. Secure delivery, goods return and all things related to good business practices.    

The website visibility to targeted audience is as important and a good website design should be follow by online marketing including search engine optimization. Active participation in reputable social networking sites is one good means of brand building and creating online reputation. Another means of promoting business online is through the use of Ads from Google (Adwords), Facebook or Linkedin.

Tit Bits Business News

USA 

Online shopping has shown a remarkable upward trend this year on Xmas Day in USA. Lot many purchasers used iphone, ipad droid powered devices. The survey was conducted by IBM on more than five hundred online shopping websites.  

Saudi Arabia

Saudi Arabia has opened its domestic routes to foreign airlines. This development is in wake of the SAA and National Airlines not able to cope up with the traffic in the country. The tenders would be invited soon but most foreign operators are circumspect and are awaiting the policy guidelines before entering this lucrative market. 

The Ambanis India

The scions of business in India have once again reconciled in a family gathering at Chorwad a small town in Gujarat. The great businessmen spent his childhood in the house at Chorwad. Kokilaben spent a considerable time with her husband here and retains a strong bonding for it. 

The two ambani brothers Anil and Mukesh met each other warmly and will spend about two days in the house along with their families and mother Kokilaben.    

Source Times of India

Jan Lokpal Bill India

After the approval of the president the anti corruption bill called Jan Lokpal is finally to be tabled in the Indian Parliament.  The bill was passed in the Lok Sabha yesterday and awaits clearance by the Upper House Rajya Sabha.

The bill if passed with the right provisions is going to be a big booster for business in India. Riddled with lot of impediments due to the corruption in various department the bill is supposed to provide relief to the business as well. The needles glitches faced during license approvals,  clearance of permits etc for under the table will go away. Thus projects could be approved faster in a profitable manner and bureaucratic interference will be mitigated.   

Nevertheless the approval from those taking a stance against what they refer to a weak Jan Lokpal is not coming. This would mean peaceful agitation by Anna and his team will continue. In absence of desired content the team will exert greater pressure on the ruling government and the opposition to create a more comprehensive bill urgently.   

Free Trial Services Online


Since the advent of Internet for public many utilities and services have gone online. A new paradigm has been created for businesses and service providers. The Internet has arrived with tremendous benefits for the users. The chief attributes are cost, speed and tremendous global reach.

All this was not possible on land based businesses and services since the reach was localized and infrastructure cost was heavy.  WWW in cyber space has created a common platform for professionals and laymen who benefits from social networking and information highway.

The inherent competition somehow surpasses that of land based services since anyone can provide
Resources online. The cost of hosting and web implementation is much less than infrastructure on the ground hence a larger entrants crowd the space.

To fight competition, create a reputation and establish once brand takes time hence free services are found best for introduction. Free offerings also enable to create trust among the vary users and flaunt once feature offerings.

One fine example of land based utility going online is the web based fax. This service has eliminated the use of facsimile machine and accessories and has hence brought the cost down. The speed and security is commendable and so is its reach. All you need is Internet connectivity and no dedicated landline.

The user can send fax using the portal of service provider which transacts using the fax server. The documents can be sent online from email to fax and vice versa. With the advance in technology many new and useful features are emerging usually with increase in cost of the services. Hence all competitors are vying to offer the best.     

Similarly online backup services have come as a boon to those terrified of data loss. The online cloud storage or remote storage portals provide secure and safe data storage on network of computers with fool proof backup.   As in the case of virtual faxing the backup service providers on the Net are constantly upgrading their features. This is due to constant advance inn technology, apps development and programming techniques.

Nevertheless in spite of providing the best getting subscribers or client online is not at all easy. For every new company offering free fax trial has become a getaway to snatch business from establish players. Users find free service as a convenient way of getting to know the best. They are able to assess a service provider and the features provided. This also applies to online backup services on the Internet offering remote data storage facility.     

Every new comer should first go for free trial offered by the service provider on the web. This way he can save on money, time and avoid disappointment.