P Chidambaram has ben made the new finance minister as Prime Minister Manmohan Singh effected a minor reshuffle in portfolios in the Union cabinet, necessitated by the exit of Pranab Mukherjee last month.
Power minister Sushil Kumar Shinde is the new home minister in place of Chidambaram.
Corporate affairs minister M Veerappa Moily has been given the additional charge of power ministry.
Source : hindustantimes
RBI keeps CRR, repo rate unchanged, SLR cut by 1%
Current Rate Summary :
Bank Rate : 9%
Repo Rate : 8%
Reverse Repo : 7%
MSFR : 9%
CRR : 4.75 %
SLR : 23 %
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SlideShare has moved from the Flash Player to HTML5 based embeds and the individual slides in their player are now served as sequenced image files. SlideShare 3D tool internally uses reveal.js to transform these images into a HTML slideshow. Give it a try
Hi Guys !
Influenced by the recent Vodafone 1 Billion pound scandal, i went about searching ways in which corporates avoid tax…
Found an awesome website , inovativefinance.com , wherein a report by Norwegian Ministry Of Foreign Affairs , talks about 13 areas / questions that corporates will ponder about, to achieve good Tax Avoidance…
In this series, i would post all the questions consecutively.
Funda 1. Where to locate a head office.
This requires deciding in which country a head office will be located. Sometimes the decision relates to what are called ‘intermediate holding companies’ instead.
The importance of the decision is determined by the fact that a company usually has to pay tax in the country in which it incorporated. So, choosing to locate a company in a high tax territory such as the USA (which has amongst the highest corporate tax rates in the world) can be expensive . However, quoted companies usually need to be incorporated in a major financial centre such as London, New York or Frankfurt. The result is that tax cannot be minimised in those locations.
Instead companies set up what are called ‘intermediate holding companies’. These are owned by the parent company and in turn own the operating subsidiary companies. Little or nothing happens in the intermediate locations, except that they collect dividend income from the subsidiary companies they own and then usually loan, but not pay as dividends, the resulting cash that they hold to the parent company in London, New York, or wherever. The intermediate location is chosen for having low tax rates on dividend income received, a lot of double tax treaties with other countries to ensure that it is not treated as a tax haven (even though it is) and a favourable regime for taxing interest income, of which it may have a great deal. The most popular locations are Ireland, the Netherlands, Luxembourg and Switzerland, all of which offer these arrangements
Catch you all with more useful articles , and continue on the path of becoming “an useful college E-magazine” , unlike any contemporaries..
How to Choose Your Right Job
Hi geeks., nice to meet u all again, with placements round the corner, everyday seems like a war field with our mind and heart, which companies to look for, which ones to attend ,which ones to drop or even neglect. Here comes a solution to all these questions. How to choose the right company for your blessed career.
There’s a vast range of potential employers out there, from small start-ups to the biggest multinationals. Which type best suits you is for you to decide, based on your personality, your likes and dislikes and, of course, your experience. If you’re unsure, take the time to do as much research as you can.
The other factors to be kept in mind before jumping in on our own emotional setup…They are,
Size – You may like working for a small company, but it’s in your best interest to work for large companies with thousands of employees. Think of it as a networking opportunity because the more people you get to know you on a personal level, the better chances you have for success in the future. If you decide to work for a large company at first one of the easiest ways you can network is to get to know one new person a day.
Title – Instead of taking a job based on pay, you should think about taking a job based on your title. You may get paid more as a mid level engineer at Boeing, but it is probably better to take a management position at Exxon even if it pays a bit less. In the future you are more likely to get better jobs if you are an engineer and had a management position compared to if you were just an engineer.
Opportunities – Your potential isn’t unlimited, it is actually limited by your job. Some companies will not allow you to go to industry conferences or even create your own blog, which will hinder the growth of your personal brand. The last thing you want to do is take a job that will hinder your future and limit your options.
Flexibility – Some companies only allow you to work on specific things while others like Google let you do whatever you want 20% of the time. If you can find a firm that is flexible enough to take in your creativity and let you do whatever you want 20% of the time it can tremendously help your career. Wouldn’t it be great to say that you created x for company y on your resume?
People – Let’s face it, you are whom you surround yourself with. If you surround yourself with successful entrepreneurs then hopefully one day you will be a successful entrepreneur. It is easier said than done to surround yourself with great people, so make sure you get a job that is filled with tons of smart and talented individuals.
Environment – The atmosphere at your work place will affect how you perform. Working in a fun and entertaining environment will probably make you more productive compared to working in a dull environment. This may not make sense, but you are more likely to work harder and longer when you are having fun.
Management – Here comes the big bang. Hopefully your boss will not be a pain. It is important to work for someone who is fun, encouraging, and most importantly still gets the job done. There will be times when you need something from upper management and the only way you will be able to get it is by going through the chain of command.
These are just some of the things that should affect which job you take in the short term because it will have a big impact on your career and your future goals. Whatever your career goals may be, don’t think about how you can obtain them now, instead think about what you can do so you can reach them 5 to 10 years from now
Choosing the wrong job or the wrong company will certainly have adverse consequences and will affect every aspect of your life including your health and your happiness, as well as your family,work,and social life.
If you are desperate for work, it would be the easiest thing to accept the first job that is offered to you. However, in the long run, it is best to do your research and to take your time to ensure that mistakes are not made and that your future career will be a happy one…
Good luck geeks…hoping that each and every tsmite gets the well wished one 🙂
Reference : quicksprout.com
There’s A Difference Between Advertising and Publicity!
Using Advertising and Publicity are very effective methods to promote and create positive awareness for you and your business. But… there is a clear difference between Advertising and Publicity. Advertising is something you get by paying for it. Publicity however, is something you hope you’ll get. Why? Because publicity can be generally gained at no cost to you. And… it generally has many times the credibility of advertising. Here’s what we mean:
There are some experts like Al Reis, author of the superb marketing text, “Positioning: The Battle For Your Mind,” that believe a majority of companies shouldn’t waste their money on advertising until they have established name recognition and credibility through Public Relations and publicity. Others will tell you that a combination of both advertising and PR are required. But one thing’s for certain: Every expert agrees, “that you can’t just put up your web site, open your store, offer your service or manufacture a product and then not do anything to attract customers!”
So… advertising is content you pay for (radio, tv, newspaper, banner advertising, etc). Publicity on the other hand, refers to free content about you and your company that appears in the media. It’s what others what others say about you. Publicity can result when an article you write is published, or when information you give to an editor convinces him/her to feature a story about you or is based on a publicity release issued by a Public Relations firm you have retained. Over time, these stories help create a favorable impression of your product or services.
The average person has no real idea of how the media find their stories, but the prevailing view seems to be that reporters go out and find all of their news. This is simply not realistic thinking! There just aren’t enough reporters on the planet to find every bit of news worth covering. So if you can present your information convincingly, there’s a good a chance that you’ll gain the interest of the media.
So how can I get publicity for my company? Well…let’s deal with the Internet here. The Internet or World Wide Web, has its own rules about commercialism, and it usually is disastrous to those who break them. If your press releases, postings or articles are blatant self-promotion or a sales pitch instead of truly useful information they will be ignored and won’t be used. Worse, you risk the negative publicity of being flamed (you and your company being strongly put down online, or you’ll receive quantities of unwanted and negative e-mail). So… here’s a simply philosophy to follow: “Before you put out a public message, play “who cares?” and ask yourself “why would other people be interested in what I have to say?” or “how can people benefit from the information I am supplying?” If you can’t come up with solid, positive answers to these questions, then keep working on your publicity release or article until you do.
Source : bmcommunications.com , makkasportal.com
Hi my dear TSMites .Hope you people are doing well. This is my second post in this Greeks Meet. Elated to know that many of you took some time to view our blog. We fervently hope to have a continuous support from you. These days one of the few words which we come across frequently is jargons. It’s like we are living in a world of Jargons. So this week I would like to share an interesting article on jargons in the finance field which was published in Business Line by Mr.AnandKalyanaraman.
It makes sense to be “on top of the curve” when it comes to keeping track of changes in the financial jargon-land.
In her first job at a financial research firm, Kavita was initially flummoxed when her boss asked her to ‘‘run him through the numbers” of a company which had declared its results. She was left scratching her head once again when he asked her to do a ‘‘deep-dive” into the numbers.
Her confusion was further compounded when she was told to prepare a ‘‘slice-and-dice” analysis note. In time and with help from friendly seniors of course, she deciphered what her boss really meant when he used all those fancy expressions. In fact, she too began generously peppering her conversations with similar phrases. After all, jargon can be fun, contagious and quite addictive, once you have, well, done the ‘‘deep-dive”. It’s tough to resist showing off a bit, isn’t it?
The use of jargon has its genesis in a variety of reasons. From wanting to ‘‘say it as you see it”, sound cool, project perceived superiority, preserve domain exclusivity, mask ignorance, obfuscate the truth, intimidate the reader/listener, confuse when you can’t convince, and so on…the list of motivations for employing jargon is indeed quite lengthy.
Jargon-usage is ubiquitous and every profession worth its salt has its pet jargon, phrases and sentence construction quirks. For instance, the lawyers have their legalese, engineers their technicalese, and doctors their medicalese. Marketers, in particular, revel in this game.
However, some of the most colourful, imaginative and entertaining jargon and code-words, undoubtedly emanate from the gangsta-world (for instance, peti for lakh, khokha for crore, ghoda for revolver, game bajana for a contract killing)…the list is long and forever evolving to help the mob always stay one step ahead of the friendly cop.
Now, can the financial world with its (ahem) formidable intellectual capital, deep pockets, wide sphere of influence, and an unending supply of wannabes (not necessarily in that order) be behind in this game? Hardly.
Sceptics who think that this is a world inhabited by boring suits and boots would do well to recall the haughty title used for global investment bankers — ‘‘masters of the universe” — before the recession in 2008 and 2009 took the wind off their sails. To cut a long story short, and to put it mildly, the financial sector also thrives on jargon.
So, let’s take a quick peek at some of the jargon doing the rounds in the financial markets and business media. Here goes:
“Keeping money on the table”: For a layman fed on the movies, this phrase would likely conjure images of seasoned gamblers having a chat in a casino. But for money-pinchers and bean counters, this translates into a public offer priced cheap and presenting a good chance to make some quick listing gains. Currently, this phrase tops the jargon chart in business media, given the slew of IPOs and FPOs flooding the market.
“Pop on listing”: This phrase does not suggest papa dear preaching (once again) on the benefits or otherwise of listing. Rather, it refers to gains which may be made on the listing day of the IPO stock. This would most likely happen when “money is kept on the table” for investors.
“Valuations look stretched”: No, the markets haven’t caught the exercise bug. When the market price of a stock has run up sharply, such that it appears costlier than what its fundamentals suggest, or seems more expensive than comparable peers, its valuations are said to be stretched. Such stocks are best avoided.
“BRIC” and “PIIGS”: We aren’t talking of building materials and animals of the stinky variety here. BRIC is an acronym for the group of high growth-potential emerging countries — Brazil, Russia, India and China. PIIGS, on the other hand, refers to the group of European nations (Portugal, Italy, Ireland, Greece, and Spain) which are perceived to be in economic trouble, mainly due their profligate ways and poor risk management mechanisms.
“New-normal”: This term which has been around for some time, gained prominence, post-recession. It refers to the new set of economic conditions which emerged out of the recessionary upheavals and which can be taken for granted for quite some time to come. For instance, increased regulation of the financial sector and high unemployment rates in the US are manifestations of the “new normal”. The decline of the British Empire, post-World War II, was also the ‘‘new normal” of that time.
“Anchoring inflationary expectations without hurting growth impulses”: We hear a lot of this vintage central banker stuff these days. It refers to the fine balancing act undertaken by monetary policymakers when they raise interest rates to rein in galloping prices, but at the same time keeping the rates within a reasonable threshold, so as keep the business community’s animal instincts alive. Mild inflation is always seen as a good tonic for growth.
“Visibility”: No reference to eye-power here. Visibility in finance jargon refers to good probability of something occurring in the future. This term is often used in the context of corporate revenues and earnings, which may result from execution of strong order-books, among other factors.
“Upticks and downticks”: Hold your horses, auditors and aspiring auditors; these ticks are of a different variety. Simply put, upticks and downticks refer to growth and decline respectively. So, when a company is said to register an uptick in revenue, it means that its revenues have increased. Similar in the case of indices and stock movements.
“Headwinds and tailwinds”: These terms have been adapted from the world of aeronautics where a headwind (blowing against the travel direction of an object) slows down the speed of air travel and a tailwind (blowing in the travel direction of an object) enhances speed. In finance, headwinds are risks which may impair business prospects, while tailwinds are positive factors which may enhance prospects.
“Known-unknowns and unknown-unknowns”: Popularised by the former US Defence Secretary, Mr Donald Rumsfeld, these terms refer to uncertainties inherent in decision-making, some of which are clearly known while others may not be apparent.
“Run through the numbers”: A brief explanation of the salient points manifested by the numbers. For instance, sales and profit growth, important changes in business conditions, and future prospects. This is akin to the executive summary section of a report.
“Deep dive”: In easy speak, doing a deep dive means undertaking a through study of the facts and numbers in question. It goes beyond scratching the surface to getting a real, full-blown understanding of business dynamics.
“Slice-and-dice”: This refers to arranging and presenting data, information and analysis in a variety of ways to cater to requirements of various groups. Generally possible after the “deep-dive”.
So, by now, we have some inkling of what they mean when they say what they say (ok, only sometimes, since the above list is by no means exhaustive). However, a good dose of humility is in order here.
For the powers-that-be are well capable of coming up with phraseology which may make you want to head to the psychiatrist with a severe bout of low self-esteem.
Sample this: “Depending on how the net inflows are handled, there will be implications in terms of a combination of exchange rate appreciation, large systemic liquidity and fiscal costs of sterilisation.” Go figure.
All said and done, it makes sense to be (or at least try to be) ‘‘on top of the curve” when it comes to keeping track of evolutions in financial jargon-land. For it may just help you ‘‘make the buck go much farther than the creator intended it to”.
Hope you people enjoyed reading the article.
Let’s also try playing with jargons which will be both fun and knowledge gaining.
I will catch you with many more such interesting articles in the coming days.
COURTESY: business line
Welcome Geeks!!!!
Good to meet you guys again!!
Hope each one of you would have looked around auspiciously and tried to understand the mindset of different marketers.
Many of you would have been inspired to start your own brand. You got to know the difference between brand and product management in that case.
Picturize yourself as a young entrepreneur, and say you are manufacturing food products. You have to concentrate on many important issues. For instance, How to promote your brand? How to place your brand in the minds of the people? How to distribute it? In what SKUs (Stock Keeping Units) you want your product to b available in the market?
The first two questions deal with your brand recognition, it denotes how you want the people to take up your brand. The last two questions deal with how you present your product to your consumers.
Hence, brand management is more about perception and the perceived value whereas product management is more about tangible and measurable value prepositions.
Brand management is associated with consumer products mostly whereas companies which are associated with Product management are software companies.
Fine, Marketing Aspirants……….,
Pull up your socks!!!
Set an example for an effective Brand and Product management!!!
Reach you guys through my next blog, bye
Hi Friends !
GeeksMeet conducted it’s First Poll..
The poll dealt with Anna Hazare’s declining popularity ..
The question posted to TSMites was
What’s the reason for decrease in the effectiveness of his campaign ?
Too many fasts in short spans of time
Collaboration with Baba Ramdev
No results achieved till now
Conflicts within Team Anna
Lets see what TSM says ::
44% feel that Anna has lost his charm, due to his inability to deliver results….Very true, the issue has been dragged along for so long that people are starting to be indiffernt..
It can be said that , Government foresaw this kind of drop in support for Anna and planned to draag this issue as long as possible. Good tactics, we guess..
Thanking every one who responded for the poll !!!!!!!!!!!!!!!!!!!!!!!!!
Hi Geeks !
Today lets go about with the “Type Of Charges”
Hypothecation
Hypothecation is a way of creating a charge against the security of movable assets, which is much similar to pledge.(example purchasing a bike from bank loan). The possession and the ownership remains with the borrower.Since the possession remains with the borrower, he may, at any time either create a subsequent charge by way of pledge over same goods or may sell them. In such cases, the rights of the pledgee usually supercedes the rights of the person in whose favour the goods were hypothecated, if the fact of existence of such a charge is not known to the subsequent pledgee..
Pledge
Pledge arises when the lender( pledgee) takes possession of either the goods or bearer securities for extending a credit facility to the borrower (pledgor). The pledgee can retain the possession of the goods until the pledgor repays the entire debt amount and in case of a default, the pledgee has the right to sell the goods in his possession and adjust its proceeds towards the amount due.(example Jewel loan)
Mortgage
Mortgage is a type of charge related to immovable property. Immovable property shall include land, benefits to arise out of land and things attached to the earth or permanently fastened to anything attached to the earth. It does not include standing timber, growing crops or grass.
Differentiating between Mortgage and Reverse Mortgage
In a normal housing loan, where the property being purchased is mortgaged to the lender, the borrower avails a loan to begin with and at that point of time, his stake in the property purchased is low. As the regular EMI is paid on due dates, the loan amount reduces and his stake in the property increases.
However, in Reverse Mortgage, the position is exactly the reverse. Under RML, the borrower initially retains a high stake in his property and receives a regular cash flow. Over time, when the loan amount increases, his stake in the property reduces.
PS : Referred from different sites.
GeeksMeet 