It’s OK, Not OK.

Useful Gen

It’s OK, Not OK.

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I saw this Pictorial series below by Useful Gen and thought I would share it with the readers. I found these very motivating and thought provoking.

Most OutStanding people I have met in my life, have chosen to Stand OUT and take a call on what Purpose they wish to pursue in life and have become OUTSTANDING in their chosen field of activity.  Most of us though, sometimes are victims of circumstances genuinely and other times make true the saying ‘ “you can justify anything” and try and justify our unlimited supply of excuses and try and Remain where we are or Just Fit In while the Outstanding People ‘Just Do It’ by taking a Leap of Faith in the Sea full of Risks – known and unknown.

It is difficult, I realise initially to deal with the people who believe, speak and act differently. We need to hone our senses and listen to them carefully and the more we keep quiet – the more we listen and all intelligent queries are answered by the ‘Different Thinking’ people because they have 1. Dreamt it 2. Rationalised it 3. They have foreseen the future 4. They have decided to live in that future 5 Which often means they have decided to create that future and 6. They have a plan ready about Who, What, When and Why in their minds or in their Strategy notes.  For the attentive listener/ appreciative inquirer – they Open up and share most of their thoughts – not with a mind to convince or convert but just to satiate your intelligent queries.

Failure does not mean you need to Give Up. It simply means that we left few gaps unfilled and did not foresee the new weaknesses which emerged while playing the game which made us lose.

Failure also does not mean you play the same game again and again to Master it as you may not have enough resources or time left to do that and the new weaknesses/ Risks and Gaps which lead to the failure may not be affordable to overcome immediately. So what should one do? IMHO – Park the thought for a better time when you are Ready with Time, Money, Materials and other Resources, tools and techniques and a well thought through plan. It helps.

In the interim, one should change course and do what one does best – sometimes for others for a price.  This must be done with a mind to recoup the losses and an eye on re=building what you lost – the failure ( in this case I am considering a business/ a start up).

Recently, on a Crowdfunding site, I had backed someone who missed the funding opportunity by a whisker and I had the similar advice to them – Reconstruct, Reposition. Look at the Product, Pricing, Positioning once again and rebuild the advertising campaign with few modifications. These youngsters had two products but they were promoting one while the other was a useful item but was being given away to backers as gift and I felt it had the potential to be a standalone success.

I guess, many of us would have felt this phenomenon and I liked this graphic by Useful Gen and reproduced for you.

At the workplace, I have believed “Give people voice, once they have got their voice – you will find yours” and trust me when I say this – I have found it true most of the times. Regular staff meetings, Townhall, quality circles even informal meetings, get togethers or functions are opportunities for letting people speak up.  Once they see you listening – they believe that you are responsive ( even if you wish to mull over their thoughts, ideas and suggestions and may not decide right away) they feel comfortable that their opinion matters, they are heard.

I believe in this so much. We are not Omnipotent, we are not omniscient, We are not Gods, We are not super humans and we can not even fathom ever 1 percent of the knowledge there is in this world. Thus, pretending to know when we don’t is where the above graphic and the saying comes very useful. I have seen people appreciating whole-heartedly if I said – I am not an exper on this subject – if you wish I can help you source one or you may search thru your own network.  Being Cogent, forthright in this area is most liked by people.

 

As I said above about Failure – sometimes it is time to move one, it is futile to keep doing the same thing and failing to the new weaknesses, new risks which make us fail inspite of all possible good  preparations and plans.

Requested Ministry-wise PIB releases

Requested Ministry-wise PIB releases

Cabinet approves Cadre Review of Indian Information Service

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 hour ago
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the cadre restructuring of the Indian Information Service (IIS) Group ‘A’. The restructuring will involve addition of two posts at Apex level, five at Higher Administrative Grade and 19 posts at Senior Administrative Grade level with matching reduction at other levels. The restructuring will address the problem of existing stagnation in the IIS Cadre and will improve the career prospects of IIS officers. The Cadre review exercise will result in better functioning of media and communication arms of the … more »

Cabinet approves construction of third line between Rajnandgaon-Nagpur (Kalumna)

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 hour ago
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for construction of third line between Rajnandgaon-Nagpur (Kalumna) in Rajnandgaon district of Chhattisgarh and Gondia, Bhandara and Nagpur districts in Maharashtra at an estimated cost of Rs.1,908.51 crore and expected completion cost of Rs.2,193.53 crore. The 228.3 km long railway line is expected to be completed in five years. Besides facilitating the travel, various industries, mines, coal fields and power plants will have additional transport capacity to meet th… more »

Cabinet approves construction of third line between Kharagpur (Nimpur) and Adityapur

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 hour ago
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for construction of third line between Kharagpur (Nimpura) and Adityapur in West Singhburn districts of Jharkhand at an estimated cost of Rs.1,312.44 crore and expected completion cost of Rs.1,483.36 crore. The 132 km long railway line is expected to be completed in four years. Besides facilitating the travel, this line will greatly ease the ever increasing freight traffic between these sections. *Background: * The third line between Kharagpur (Nimpura) and Adityapu… more »

Cabinet approves National Highways Interconnectivity Improvement Project

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 hour ago
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for development of 1120 kms of National Highways in the States of Karnataka, Odisha, Bihar, Rajasthan and West Bengal. The work for development to two lane standards are under Phase-I of the National Highways Interconnectivity Improvement Project (NHIIP) with World Bank assistance. The revised estimated cost is Rs. 6,461 crore including cost of land acquisition, resettlement and rehabilitation and other pre-construction activities. The projects are already taken u… more »

Cabinet approves construction of second line between New Bongaigaon and Kamakhya of Northeast Frontier Railway in Assam

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 hour ago
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for construction of second line between New Bongaigaon and Kamakhya of Northeast Frontier Railway in Assam at an estimated cost of Rs.2,232.32 crore and expected completion cost of Rs.2,586.85 crore. The 176 km long railway line is expected to be completed in five years during 12th and 13th Plan period. Besides facilitating the travel, upcoming industries in the region will have additional transport capacity to meet their requirements. *Background: * The single ma… more »

Cabinet approves waiver of penal interest on GoI loans availed by Cochin Port

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 hours ago
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for waiver of penal interest on Government of India (GOI) loans availed by Cochin Port Trust to the tune of Rs. 897.23 crore. The CCEA also gave its approval by freezing the liability on account of GOI loans, interest thereon and penal interest @ 0.25% as on 31.3.2016 amounting to Rs.557.16 crore (Rs.258.14 crore + Rs.281.45 crore + Rs.17.57 crore). The CCEA, further approved the rescheduling of repayment of the amount frozen in 10 years commencing from 2018-19. The C… more »

Cabinet approves construction of fourth line between Jharsuguda and Bilaspur

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 hours ago
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for construction of fourth line between Jharsuguda and Bilaspur at an estimated cost of Rs.1,973.46 crore and expected completion cost of Rs.2,298.31 crore. The 206 km long railway line is expected to be completed in five years. This line will facilitate the travel. The industries, coal fields, lime stone and dolomite mines, cement and steel plants in the region will have additional transport capacity to meet their requirement. Jharsuguda district in Odisha and Raiga… more »

Cabinet approves construction of third line between Mathura and Jhansi

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 hours ago
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for construction of third line between Mathura and Jhansi at an estimated cost of Rs.3,677.76 crore and expected completion cost of Rs.4,377.13 crore. The 273.80 km long railway line is expected to be completed in six years. Besides facilitating the travel, goods trains passing through this section will get adequate capacity for smooth running. Mathura, Agra, Jhansi districts of Uttar Pradesh, Datiya, Gwalior, Morena districts of Madhya Pradesh and Dholpur district o… more »

Cabinet approves introduction of the “Surrogacy (Regulation) Bill, 2016”

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 hours ago
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for introduction of the “Surrogacy (Regulation) Bill, 2016”. The Bill will regulate surrogacy in India by establishing National Surrogacy Board at the central level and State Surrogacy Boards and Appropriate Authorities in the State and Union Territories. The legislation will ensure effective regulation of surrogacy, prohibit commercial surrogacy and allow ethical surrogacy to the needy infertile couples. All infertile Indian married couple who want to avail ethical surrogacy will be benefit… more »

Cabinet approves MoU with South Africa to establish cooperation in Grassroots Innovation

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 hours ago
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has been apprised of the signing of a Memorandum of Understanding (MoU) between India and South Africa to establish cooperation in Grassroots Innovation. The MoU was signed on July 07, 2016 at Pretoria in pursuance to the Inter-Government Agreement between two countries for cooperation in Science & Technology. Under this MoU, both countries will jointly organise various programmes such as forums, seminars, workshops, and training on matters related to innovation; share open source technologies with each other and jo… more »

Cabinet approves signing of Air Services Agreement between India and Fiji

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 hours ago
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for signing of new Air Services Agreement (ASA) between India and Fiji. The Agreement is for updation of the existing Air Services Agreement (ASA) between the two countries which was signed on 28th January, 1974. The updation is as per latest ICAO template keeping in view the latest developments in civil aviation sector and with an objective to improve the air connectivity between the two countries. A draft text of Air Service Agreement has been finalized in consultation with Ministry of Law… more »

Murshidabad Gets Jangipur Mega Food Park Running

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 3 hours ago
Centre’s Promise of 2008 Made to People of Murshidabad Kept in 2016 Jangipur Mega Food Park Murshidabad, WB, Inaugurated Today After a long gap, people of Murshidabad saw the promise made by the Centre during the UPA government in 2008 being kept by the NDA government in 2016. Murshidabad, West Bengal was allotted Jangipur Mega Food Park in year 2008 to benefit poor farmers and people of North 24 Paragans, Birbhum, Malda, and Bardwan but the project could not see the light of the day till 2016. It was a result of the genuine efforts made by the Minister of Food Processing Industries … more »

BEE announces new star rating methodology for Air conditioners

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 3 hours ago
ISEER to increase efficiency of ACs, helping consumers get lower bills even in higher temperatures The Bureau of Energy Efficiency (BEE) has introduced a new star rating methodology called Indian Seasonal Energy Efficiency Ratio (ISEER) for air conditioners. This evolved rating methodology factors in variance in higher temperature in India and rates air conditioners accordingly. Consumers can now purchase air conditioners with higher efficiency leading to lower electricity bills. Consumers can now purchase air conditioners with higher efficiency leading to lower electricity bills. K… more »

Union Finance Minister Shri Arun Jaitley to inaugurate the Conference on “International Arbitration in BRICS: Challenges, Opportunities and Road ahead”

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 3 hours ago
Conference to discuss Arbitration and Dispute Resolution: Focus BRICS Countries, Dispute Settlement and Enforcement of Treaty Awards, Towards developing an International Arbitration Mechanism in BRICS India has assumed the Chairmanship of BRICS for the year 2016 and a major political cum business engagement will be held in October 2016. As a lead up this Summit, Indian has initiated a number of events within the spirit of the BRICS, one of which being the Conference on “International Arbitration in BRICS: Challenges, Opportunities and Road ahead” on August 27, 2016 at Vigyan Bhawan, …more »

Sugamaya Pustakalaya – Online Library for Persons with print Disabilities

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 6 hours ago
*“Sugamaya Pustakalaya”* is an online platform that makes accessible content available to print-disabled people. The library houses publications across diverse subjects and languages and multiple accessible formats. It has been created by Department of Empowerment of Persons with Disabilities (Divyangjan), Ministry of Social Justice and Empowerment in collaboration with member organizations of Daisy Forum of India and powered by TCS Access. Books are available in Accessible formats for people with visual impairment and other print disabilities. Over 2 lakhs books in diverse language…more »

Vice President Greets People on Janmashtami

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 7 hours ago
The Vice President of India, Shri M. Hamid Ansari has greeted the people of our country on the auspicious occasion of Janmashtami. In a message, he said that the eternal message of performing our duties with sincerity without attachment to the results bestowed by Lord Krishna in the ‘Bhagwad Geeta’ has been a source of inspiration for the entire humanity. Following is the text of Vice President’s message: “I extend my warm greetings and good wishes to the people of our country on the auspicious occasion of Janmashtami. Celebrated across the country with traditional fervour and en… more »

Rashtrapati Bhavan is fully conscious of the need to prevent breeding of mosquitoes within the estate

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 7 hours ago
It has been reported in the media recently that NDMC has since January 2016 issued 52 notices to Rashtrapati Bhavan in connection with potential conditions within President’s Estate which may lead to breeding of mosquitoes. The Rashtrapati Bhavan is fully conscious of the need to prevent breeding of mosquitoes within the Estate and ensure there are no stagnant pools of water. Corrective measures required in pursuance to the notices have been immediately taken. Specialist Inspection teams have been formed to identify any violation of instructions relating to prevention of dengue a… more »

President’s greetings on the eve of Janmashtami

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 7 hours ago
The President of India, Shri Pranab Mukherjee in his message on the eve of Janmashtami has said:- “I convey warm greetings and good wishes to all my fellow countrymen on the joyous occasion of Janmashtami. Lord Krishna’s life and teachings emphasize the importance of performing one’s duty without thought of reward, of different paths leading to the same goal and of the importance of ethical and moral values to society. On this auspicious day celebrating the birth of Lord Krishna, let us commit ourselves to following the path of virtue and righteousness in thought, word and deed”… more »

President Shri Pranab Mukherjee attends first foundation day of Bandhan Bank

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 8 hours ago
The President of India, Shri Pranab Mukherjee attended the first Foundation Day of Bandhan Bank in Kolkata, West Bengal today (August 23, 2016). Speaking on the occasion, the President said that he was happy to be present on the occasion of the first anniversary of the setting up of the Bandhan Bank. He had been invited to inaugurate the start of the Bandhan Bank last year but could not do so because of certain compelling reasons. The President said that in October 2010, in his village Kirnahar, he first got an opportunity to know Bandhan and its founder Shri Chandrashekhar Ghosh … more »

Interactive Meet for Discovered Small Field Bid Round 2016 held at Dubai, UAE

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 8 hours ago
Ministry of Petroleum and Natural Gas (MoPNG), Government of India organized an interactive meet at Dubai, United Arab Emirates (UAE) on August 23, 2016 for the Discovered Small Field Bid Round 2016. The event saw enthusiastic participation from government dignitaries, business leaders and leading national and international media houses. Directorate General of Hydrocarbons (DGH), the technical arm of MoPNG highlighted the offering of 46 Contract Areas consisting of 67 small fields for exploration and production of oil and gas in India having 625 Million Barrels of Oil and Oil Equiv… more »

Today’s Inspirational Quote:

Today’s Inspirational Quote:

“For me, I am driven by two main philosophies: know more today about the world than I knew yesterday and lessen the suffering of others. You’d be surprised how far that gets you.”

— Neil deGrasse Tyson

#27 in our CSuitism Series is Utilitarianism

#27 in our CSuitism Series is Utilitarianism – It’s the Last !  :)

Like Americans, people outside America want fun, want an emotional compensation for the utilitarianism and calculation that mark the rest of their lives. Todd Gitlin
Read more at:http://www.brainyquote.com/search_results.html?q=utilitarianism

Utilitarianism

  Definition

An ethical philosophy in which the happiness of the greatest number of people in the society is considered the greatest good. According to this philosophy, an action is morally right if its consequences lead to happiness (absence of pain), and wrong if it ends in unhappiness (pain).

Since the link between actions and their happy or unhappy outcomes depends on the circumstances, no moral principle is absolute or necessary in itself under utilitarianism. Proposed by the English philosopher-reformer Jeremy Bentham (1748-1832) in his 1789 book Principles Of Morals And Legislation it wasdeveloped by the English philosopher-economist John Stuart Mill(1806-73) in his 1863 book Utilitarianism.

“If we reason that we want happiness for others, not for ourselves, then we ought justly to be suspected of failing to recognize human nature for what it is and of wishing to turn men into machines.”
Wilhelm von Humboldt, The Limits of State Action

The older I get, the more I like the idea of utilitarianism. I think that I’m not a trend-driven person. I really believe in keeping your canvas very basic and sort of adding the accouterments from there. I look at creating intrigue with outfits through accessories.

Erin Wasson
Read more at: http://www.brainyquote.com/search_results.html?q=utilitarianism

Use utilitarianism in a sentence

  • The requirement to vaccinate children against diseases such as polio, measles, and whooping cough is an example of utilitarianism, or serving the public good, as opposed to allowing parents to opt out of vaccination based upon religious grounds.
  • Many people in the United States believe military drone usage is a form of utilitarianism because it removes the potential pain and sadness of losing a loved one to war.
  • He was very skilled in utilitarianism, he believed that he could fix anything given a good box of tools and materials.

    The last sentence is my favorite and my take for the C-Suitism. Give a man the right Tools, Techniques, Materials, Knowledge to use the tools and the motivation and opportunity – he/she can fix anything.  In C Suite, many a times there comes a need for a ‘Fixer’  who can troubleshoot for the organisation.  Such a person, is usually someone with an all-round experience – generally a GENERALIST:)

Govt News In Brief

Requested Ministry-wise PIB releases

NFAI to support State Governments for safeguarding country’s cinematic heritage: Secretary I&B

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 3 hours ago
*Film preservation should become People’s Movement: Shri Ajay Mittal* Ministry of Information and Broadcasting is exploring possibilities of extending financial and technical support to State Governments in their endeavor to safeguard the country’s filmic heritage. The objective of preserving the country’s cinematic heritage has to be achieved in collaboration with State Governments said Shri Ajay Mittal, Secretary, Information and Broadcasting Ministry, Government of India. He was speaking on the sidelines of a High Level Committee meeting on National Film Heritage Mission, held i… more »

Environment Ministry Observes Swacchhta Pakhwada

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 3 hours ago
As part of the Government’s effort to accelerate efforts to achieve total sanitisation and cleanliness by October 2, 2019 under Swacchh Bharat Mission, a Swacchh Bharat Fortnight is being organised theme-wise by different Ministries. Ministry of Environment, Forest and Climate Change organised the Swacchh Bharat Pakhwada from August 1-15, 2016 in line with International Youth Day, which fell on August 12. Addressing a joint press briefing here today with Secretary, Drinking Water and Sanitation, Shri Parameswaran Iyer, Additional Secretary, Ministry of Environment, Forest and Cl… more »

Union Home Minister Shri Rajnath Singh assures NSG of upgrading their infrastructure and training needs

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 4 hours ago
Union Home Minister Shri Rajnath Singh has assured the National Security Guard (NSG) of upgrading their infrastructure and training needs. Inaugurating the Composite Building complex of 52 Special Action Group here today, Shri Rajnath Singh also stressed upon the NSG to conduct regular exercises with counterpart forces from friendly countries. Pointing out that such exercises will help the NSG soldiers hone their skills, the Home Minister said that today no developed country can claim immunity from terrorist strikes. All progressive societies have to stand up against terrorism, he a… more »

Sports Minister Constitutes Two Member Committee to inquire into the allegations of Marathon runner O.P.Jaisha

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 4 hours ago
It has been widely reported in the media that Ms. O.P. Jaisha, Marathon runner collapsed at the end of the marathon run in Rio Olympics 2016, as there were no Indian officials present to provide her water and energy drinks at refreshment points and that there were officials from all other countries to provide refreshments to their runners at designated points after every 2.5 km. The Minister of State (I/C) Youth Affairs & Sports Shri Vijay Goal has constituted a two-member Committee consisting of Shri Onkar Kedia, Joint Secretary (Sports) and Shri Vivek Narayan, Director (Sports) t… more »

India and Germany join hands on skill agenda Germany Contributes 22.6 CRORES INR for Skill Development in India

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 4 hours ago
India and Germany are deepening their collaboration in the area of skill development. An implementation agreement was signed between the Ministry of Skill Development and Entrepreneurship (MSDE) and (German International Cooperation (GIZ), to initiate a new project focused on adapting elements of the German dual system in select industrial clusters in India. This new project will run for three years starting August 2016 with a budget of EUR 3,000,000 (22.6 Crores INR) – made available by the German Government and aims to foster conditions which will help create and improve cooperat… more »

Akashvani Maitree Channel can play a Significant Role in Promoting and Preserving the Composite Bengali Cultural Heritage, says President

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 4 hours ago
The President of India, Shri Pranab Mukherjee launched Akashvani’s Maitree Channel in Kolkata, West Bengal today (August 23, 2016). Speaking on the occasion, the President said that the Akashvani Maitree channel can play a significant role in promoting and preserving the composite Bengali cultural heritage which is the proud inheritance of all Bengali speaking people irrespective of their geographical location. He said that he was sure that the blending of content from both India and Bangladesh in the fields of art, culture, literature, music, sports and also on shared socio-econom… more »

Shri J P Nadda commemorates a decade of Integrated Food Law in the country

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 4 hours ago
Provisions of safe food should become a part of our ingrained culture: J P Nadda FSSAI announces 10@10 initiatives Commemorating a decade of integrated food law in the country, and marking ten years of Food Safety and Standards Authority of India (FSSAI), Prime Minister Shri Narendra Modi in his congratulatory message underscored the ‘need for the Authority to focus on empowering the consumers so that the manufacturers and suppliers of food products become responsive to consumer needs, demands and expectations.’ He further added that ‘safe an, wholesome and hygienic food will cre… more »

DBTL (PAHAL) Mechanism made it possible to block 3.34 crore duplicate / fake / inactive domestic LPG connections.

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 4 hours ago
Estimated savings due to blocking of these connections was Rs. 21, 261 crores. Ministry of Petroleum & Natural Gas has come across several news items appearing in various newspapers about the CAG report stating that direct LPG subsidy savings was less than the Government’s claim. In this regard, it is clarified that an intensive exercise was carried out for identifying duplicate/fake/ghost/inactive domestic LPG connections and, as of 01.04.2015, 3.34 Crore such connections were identified by the Oil Marketing Companies (OMCs). As a result of implementation of DBTL (PAHAL) mechanis… more »

President Shri Pranab Mukherjee’s Message on the Eve of Independence Day of Ukraine

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 6 hours ago
The President of India, Shri Pranab Mukherjee has extended his greetings and felicitations to the Government and people of Ukraine on the eve of their Independence Day (August 24, 2016). In a message to His Excellency Mr. Petro Poroshenko, the President of Ukraine, the President has said, “On behalf of the Government, the people of India and on my own behalf, it is with great pleasure that I convey warm greetings and felicitations to you and to the people of Ukraine on the occasion of your Independence Day. Relations between India and Ukraine have traditionally been marked by war… more »

Information Empowerment of People is Quintessential in the Age of Information Revolution: Shri Venkaiah Naidu

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 10 hours ago
Minister for Information & Broadcasting Shri M. Venkaiah Naidu, stressed the need for upholding credibility in dissemination of information by public broadcasters. “Public service broadcasters have a great responsibility on their shoulders to ensure credibility in the era of competition. Shri Venkaiah Naidu visited All India Radio and Doordarshan kendras in Hyderabadon Monday. Speaking at the review meeting held at Doordarshan Kendra, Shri Naiduinfused confidence in the officials of different media units of the Ministry while interacting with them to understand their problems. Shr… more »

Minister of Railways Shri Suresh Prabhakar Prabhu Inaugurates Wi-Fi Services at 8 Mumbai Suburban Railway Stations

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
Continuing with its exercise of providing High speed WiFi services at Railway Stations, Minister of Railways, Shri Suresh Prabhakar Prabhu inaugurated Wi Fi services at 8 Mumbai Suburban Railway Stations in Maharashtra viz., Churchgate, Bandra, Bandra Terminus, Dadar Western Railway, Dadar Central Railway, Khar Road, Kalyan and Lokmanya Tilak, today i.e. 22 nd August 2016. The Wi-Fi facility for the visitors & rail users of these 8 busy stations of Mumbai Suburban Rail Network has been commissioned by a Railway PSU, RailTel in association with Google for providing high speed State-o…more »

Delhi Poised to get New Air Force Aerospace Museum

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
Delhi will soon have a sprawling new Aerospace Museum close to the international airport focused mainly on Nation’s rich aviation history. New Aerospace Museum is not only meant to preserve the glorious tradition of the IAF but also to create awareness in general public about India’s rich Aerospace heritage. The IAF believes that the Museum would be a popular tourist attraction and a landmark in India’s capital city. A proposal for new Air Force Aerospace Museum was cleared by Ministry of Defence and final financial sanction on the Detailed Project Report is awaited. After the approv… more »

National Sports Awards – 2016

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
National Sports Awards are given every year to recognize and reward excellence in sports. Rajiv Gandhi Khel Ratna Award is given for the spectacular and most outstanding performance in the field of sports by a sportsperson over a period of four years; Arjuna Award is given for consistently outstanding performance for four years; Dronacharya Award for coaches for producing medal winners at prestigious international sports events, Dhyan Chand Award for life time contribution to sports development and Rashtriya Khel Protsahan Puruskar is given to the corporate entities (both in priva… more »

Finance Secretary (FS) inaugurates the Training Program on Government E-Marketplace (GeM) for Government Users

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
FS: Training will enable the Government Procurement Officers to make best use of new technologies to procure goods and services in a more transparent, accountable and efficient manner. The one-day hands on training program for Procurement Officers of the Central Government Ministries/Departments was inaugurated here today by Shri Ashok Lavasa, Finance Secretary, Government of India. The training program has been jointly organized by DGS&D, National Institute of Financial Management (NIFM) and National e-Governance Division (NeGD). Speaking on the occasion,Shri Ashok Lavasa complimen… more »

Shri Radha Mohan Singh to Present Plant Genome Savior Community Award for 2012-13, on 24th August 2016

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
The PPV&FR Authority, New Delhi is organizing its Plant Genome Savior Community Award (2012-13), Plant Genome Saviour Farmer Rewards 2013 and Plant Genome Saviour Farmers’ Recognition 2013 function on Wednesday 24th August, 2016 at 15:00 hrs onwards at A.P. Shinde Symposium Hall, NASC Complex, DPS Marg, New Delhi. Union Minister of Agriculture and Farmers Welfare Shri. Radha Mohan Singh will be the Chief Guest and distribute the awards to awardees. The Minister of State for Agriculture & Farmers Welfare and Parliamentary Affairs, Shri S.S. Ahluwalia, the Minister of State for Agricu… more »

Text of PM’s remarks at the Inauguration Ceremony of Renovated Stor Palace in Kabul via video-conferencing

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
*H.E. President Mohammad Ashraf GhaniForeign Minister Excellency RabbaniAnd my dear Afghan friends, sisters and brothers* It is indeed a matter of great pleasure to be with you again. Afghanistan is India’s immediate neighbor and, in our hearts and minds, Indians and Afghans have always been closest of friends. Today, we once again come together to celebrate yet another achievement of our friendship and, take another step in the fruitful journey of our cooperation. *Excellency Ghani,* Fewer things give greater joy than getting together with good friends to celebrate successful … more »

PM Shri Narendra Modi assures total support in rescue and relief operations in various flood affected States

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
The Prime Minister, Shri Narendra Modi has assured total support in the rescue and relief operations in the flood affected States of Uttar Pradesh, Bihar, Uttarakhand, Rajasthan and Madhya Pradesh. Praying for the safety and wellbeing of those affected by floods, the Prime Minister hopes the situation in the affected areas normalises at the earliest. “I pray for the safety and wellbeing of those in areas affected by floods in parts UP, Bihar, Uttarakhand, Rajasthan & MP. Home Minister Shri Rajnath Singh ji is closely monitoring the situation. He has spoken to the CMs and taken sto… more »

Swachh Bharat Short Films Competition to encourage participative approach for Clean India

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
The Ministry of Information & Broadcasting is organizing a Short Films Competition on the theme “Swachh Bharat” that showcases inspiring stories and helps generate awareness among citizens about sanitation and its linkages with public health. The winning entries will be announced in a special felicitation programme to be held in New Delhi on October 2, 2016. National Film Development Corporation of India has invited entries for the Short Films Competition. The last date for submission of entries is September 10, 2016. Awareness generation is an important objective of the Swachh Bha… more »

Ram Vilas Paswan attends Independence Day Celebrations organized by Indian High Commission at London

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 days ago
Shri Ram Vilas Paswan, Union Minister of Consumer Affairs, Food & Public Distribution attended Indian Independence Day celebrations organized by Indian High Commission at London today. A function held at Gymkhana Club, London was attended by a large number of Indian diaspora. Shri Paswan addressed the gathering and informed about the initiatives being taken by Indian Government for all round development of the country. Shri Paswan also Visited Dr Ambedkar Memorial at London and paid floral tributes. The memorial is the place where Baba Saheb resided while studying at London. It was… more »

President Shri Pranab Mukherjee to Visit West Bengal from August 22 to 24

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 days ago
The President of India, Shri Pranab Mukherjee will visit West Bengal from August 22 to 24, 2016. On August 22, 2016, the President will inaugurate a CII-IIEST Conference on the theme ‘Enabling Make in India through Industry Academia Innovation Platform’ in Kolkata. He will also attend a function ‘The Legacy to Humanity: Celebrating 150 years of Homeopathy’ organized by the Dr. Prasanta Banerji Homeopathic Research Foundation in Kolkata as Chief Guest on the same day. On August 23, 2016, the President will launch Akashvani’s Moitree Service in Bangla for listeners in Bangladesh in… more »

#26 in CSuitism is about Dillemas of the Modern Man and called Dillemism

#26 in CSuitism is about Dillemas of the Modern Man and called Dillemism

Somewhere in the world there is an epigram for every dilemma.

Hendrik Willem Van Loon
Read more at:http://www.brainyquote.com/quotes/keywords/dilemma.html

“To believe or not to believe, is a problem. To leave or to conceive is another problem. To ascertain and to achieve is to solve the problem.”
A. Saleh

Our #26th CSuitism is called Dillemism and has its origins in the phrase ” Dillemas of the Modern Man”.

I learnt in management about the power of decision making. Decision making under uncertainty or with very limited options can not be solved scientifically – it needs a special talent, different skills and unfortunately they are not taught in Business Schools.

Dilemma Definition

Forced choice between two (or more) courses of action which are equally disfavored or favored. For example, a choice between debt (which has to be paid back withinterest and onschedule, but which generally does not affect ownerscontrolof the business) and equity (which does not have to be paid back but may result in dilution or loss of control to outsiders). See also double bind.

“Whatever I learned,
Whatever I knew,
Seems like those faded years of childhood that flew,
Away in some dilemma,
Always in some confusion,
The purpose of this life,
Seems like an illusion!”
Mehek Bassi, Chained: Can you escape fate?

 

This one is for the Chief in the C Suite:

“A king, realizing his incompetence, can either delegate or abdicate his duties. A father can do neither. If only sons could see the paradox, they would understand the dilemma.”

Marlene Dietrich
Read more at: http://www.brainyquote.com/quotes/keywords/dilemma.html

Faced with forced choices and tough decisions – C Suite Members will do well to remember this quote:

“There’s a woman I see who’s not my therapist, but she’s like an old friend who’s a therapist in profession. She lets me talk to her like a therapist once in a while, and she does a great thing. Whenever I have a big dilemma, like this is a big problem in my life, she always says, ‘Wow, you’re going to have to figure that out.”

Louis C. K.
Read more at:http://www.brainyquote.com/quotes/keywords/dilemma.html

And finally, This quote gets the Cake !

“That’s the dilemma, isn’t it? When you’re single, there’s the sadness and joy of “only me.” And when you’re paired, there’s the sadness and joy of “only you.”
David Levithan, The Lover’s Dictionary

#25 in CSuitism is Solipsism

“I obviously invented Solipsism”
Dean Cavanagh

Don’t worry about this ism:) It is not difficult to understand.

This ism has also provoked intellectual thought and there are extreme views expressed about it by Scholars across the world. I am sharing in this post many of them to get the C Suite Member to understand and appreciate – ‘The Other Point of View ” .

Solipsistic is Defined as “Being self aware of one’s own thoughts. Idea that nothing can be known or confirmed outside of one’s own knowledge.”

Solipsism therefore is  a (philosophy) the philosophical theory that the self is all that you know to exist,  Solipsism is the philosophical theory that what’s in your mind is the only reality that can be known and verified.

Solipsism comes from the Latin words for alone (sol) and self (ipse), and means that only the self is real. In metaphysical solipsism, your mind is the only thing that’s real, and everything else is just a representation. In epistemological solipsism, there might be a world outside your mind, which you could detect with your senses, but it’s impossible to prove. In methodological solipsism the self is the only proper starting point for exploring the nature of reality.

 

“I don’t believe in solipsism, but I also believe that if I am not existing—nothing exists for me.”
Debasish Mridha

“A good critic is trying to tell you what she has learned about herself from the reading of a particular piece of literature. A bad reviewer is often trying to tell you how smart he is by declaring whether or not he liked a particular book. If he liked the book, then this is the kind of book a superior person likes, and vice versa. He might try to explain why he didn’t like it, but the review is really just a tautology. “I didn’t like this book because it is bad,” is equivalent to “This book is bad because I didn’t like it.”
Kevin Guilfoile

“The worst mockery God can make of a moralist is that He compels him to be a
solipsist.”
Kedar Joshi

I am reminded of the incident when I met a Reformed Dacoit who had spent 7 years in Open Jail and turned a farmer. As a customer of my dealer when I was introduced to him as the Company Officer whose fertilizer he likes to buy – his question was ” Saheb Swaarthi hain Yaa Parmarthee” – Is this Saheb Selfish or non-selfish and Helping others.  The Solipsists will take time to fathom his philosophy though. But that’s the moment of truth.

The Key learning for the C Suite Members who go into “I, ME, MY, MINE” mode and generally believe in bragging about ME, ME, ME – they may be turning into Solipsist and following this controversial path of Solipsism – ALONE !:) BEWARE !

Govt. News in Brief.

Additional facilities extended to persons residing in India on Long-Term Visa (LTV)

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 14 hours ago
The Central Government has extended certain facilities in last two years to persons from Minority community of Afghanistan, Bangladesh and Pakistan, namely Hindus, Sikhs, Buddhists, Jains, Parsis and Christians staying on Long Term Visa (LTV) in India, such as affidavit in place of renunciation certificate, LTV for five years instead of two years, facilities for education and employment, etc. In order to provide them fair opportunities for a more comfortable living and hassle-free movement and pursuit of economic activities within the territory of India, Government has decided to … more »

Forecast for Flood in Ken and Betwa Basins

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 15 hours ago
In view of heavy to very heavy rainfall in the States of UP and MP in association with a deep depression centered near Satna today morning and heavy to very heavy rainfall forecast in East MP and other catchment areas of rivers Ken and Betwa and its tributaries: During the next two days: River Ken is likely to flow in Moderate to High Flood Situation in Damoh and Panna districts of Madhya Pradesh and Mahoba and Banda districts of Uttar Pradesh. River Betwa is likely to flow in Moderate to High Flood Situation in Vidisha, Sagar, Ashoknagar and Tikamgarh districts of Madhya Prades… more »

Shri Mukhtar Abbas Naqvi reviews arrangements for Haj pilgrims in Mumbai

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 15 hours ago
Training camp organised for Hajis The Union Minister of State for Minority Affairs (Independent Charge) & Parliamentary Affairs Shri Mukhtar Abbas Naqvi held a review meeting with officials at Haj House, Mumbai last night to take stock of preparations for Haj. Shri Naqvi said that the Minority Affairs Ministry and other concerned departments are very serious about arrangements, facilities and safety of Haj pilgrims. Shri Naqvi said that the Minority Affairs Ministry has been sending senior officials to Saudi Arabia to take stock of arrangements, facilities, safety and to help about … more »

Last date for pre and post-matric scholarships extended further :Shri Mukhtar Abbas Naqvi

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 15 hours ago
The last date for submission of online applications for Pre-matric and Post-matric scholarships for 2016-17 for students belonging to the Minority communities has been extended further till 30 September, 2016. Earlier, the Minority Affairs Ministry had extended last date for submission of online applications for Pre-matric and Post-matric scholarships till 31 August, 2016. The Union Minister of State for Minority Affairs (Independent Charge) Shri Mukhtar Abbas Naqvi said that the Minority Affairs Ministry has taken this decision keeping in mind, a large number of requests and sugges… more »

Mos Jitendra Singh Personally Calls Up Complainants Who Lodged Grievances

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 15 hours ago
The Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh randomly called up on telephone as a part of the periodic exercise started by him to personally speak to complainants in order to confirm the redressal of their grievance and also to assess their level of satisfaction, here yesterday. The Minister received some of the spontaneous responses from the complainants he called. Shri Sanjay Sati from West Patel Nagar, New Delhi, working in the Departme…more »

National Convention of Pradhans of Ganga bank villages organized in Allahabad

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 15 hours ago
The Ministry of Drinking Water and Sanitation, in association with the Ministry of Water Resources, River Development & Ganga Rejuvenation and Department of Youth Affairs, Ministry of Youth Affairs and Sports, today organized a National Convention of Gram Pradhans in Alaahabad, with the support of the Government of Uttar Pradesh.The objective of the National Convention was to rally Gram Pradhans of 1651 villages in 52 districts and 5 States situated along the banks of the river Ganga, to work together and make their villages Open Defecation Free (ODF) to meet the goals of the Swachh…more »

Mr. Bimalendra Nidhi, Deputy Prime Minister and Minister of Home Affairs of Nepal calls on PM Shri Narendra Modi

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 19 hours ago
Mr. Bimalendra Nidhi, Deputy Prime Minister and Minister of Home Affairs of Nepal called on Prime Minister Shri Narendra Modi today. The Prime Minister congratulated Mr. Bimalendra Nidhi on assuming office as the Deputy Prime Minister and Minister of Home Affairs of Nepal. The Prime Minister also conveyed his greetings and best wishes to the new Government of Nepal, led by Prime Minister Pushpa Kamal Dahal ‘Prachanda’. Mr. Bimalendra Nidhi briefed the Prime Minister about developments in Nepal. Stating that the relations between India and Nepal were not merely between the two Go… more »

Mr. Dmitry Rogozin, Deputy Prime Minister of Russia calls on PM Shri Narendra Modi

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 19 hours ago
Mr. Dmitry Rogozin, Deputy Prime Minister of Russia called on Prime Minister Shri Narendra Modi today. He conveyed President Putin’s greetings to Prime Minister and briefed him on the progress in ongoing projects between India and Russia. Prime Minister described Russia as a time-tested and reliable friend and reaffirmed the shared commitment with President Putin to expand, strengthen and deepen bilateral engagement across all domains. He recalled his recent meeting with President Putin in Tashkent in June and via video-link for dedication of the Kudankulam Nuclear Power Plant Unit… more »

President Shri Pranab Mukherjee congratulates P. V. Sindhu

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 23 hours ago
The President of India, Shri Pranab Mukherjee has congratulated Ms. P. V. Sindhu for winning a Silver Medal at the Rio Olympics. In a message sent to Ms. P. V. Sindhu, the President has said, “Hearty congratulations on creating history by winning for India a Silver Medal in the Women’s singles in Badminton at the 2016- Rio Olympics. The people of India rejoice with your family and you on the remarkable achievement. Your grit, mental strength and brilliant display today will inspire confidence amongst all Indian sportspersons that they can achieve the pinnacle of any sport at the i… more »

Sports Minister Congratulates P V Sindhu on her historic Success at Rio

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 23 hours ago
Minister of State for Youth Affairs and sports(I/C) shri Vijay Goel has congratulated P V Sindhu and her Coach P. Gopichand for their historic success at the ongoing Rio Olympics. In a statement here today he said, PV Sindhu’s exemplary success to win Silver medal at this young age in Olympics is the result of her hard work, dedication and perseverance. Shri Goel said, credit for this success goes to her parents too, who always stood by PV Sindhu and devoted their entire time and energy to make Sindhu realize her dreams. Shri Goel Said her creditworthy performance will inspire young… more »

PM Shri Narendra Modi congratulates P V Sindhu on winning Silver at Rio Olympics

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 23 hours ago
The Prime Minister, Shri Narendra Modi has congratulated P. V. Sindhu on winning Silver medal in Badminton at Rio Olympics. “Congrats for the Silver, P V Sindhu. Very well fought. Your accomplishment at Rio 2016 is historic and will be remembered for years. ”, the Prime Minister said. (August 19,2016) Courtesy : pib.nic.in

Pasighat advanced Landing Ground gets Operational

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
The upgraded Advanced Landing Ground (ALG) at Pasighat in Arunachal Pradesh was inaugurated by Hon’ble ShKirenRijijuMoS for Home Affairs in the presence of Air Marshal C Hari Kumar AVSM VM VSM, Air Officer Commanding-in-chief (AOC-in-C), Eastern Air Command on Friday. The event was attended by a large number of civil and military dignitaries including the Chief Secretary and Secretary Civil Aviation Arunachal Pradesh and Air Vice Marshal Manavendra Singh Vr C VSM, Senior Officer-in-Charge Administration, Eastern Air Command Shillong. A flypast by a formation of three Sukhoi-30 MKI … more »

Vishakhapatnam Port poised for major expansion

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
Vishakhapatnam Port is poised for major expansion, with the Minister for Shipping, Road Transport and Highways Shri Nitin Gadkari inaugurating several projects during his visit to the port yesterday. The Minister inaugurated a Container Freight Station of 1 lakh TEU capacity developed by M/s.VCTPL at a cost of Rs.104 crores for which an extent of Ac 34 acres is allotted by the Port. He also inaugurated the commissioning of 6.25MW out of 10MW solar power plant. The power generated from this plant is meeting the captive consumption of the port and the excess power is proposed to be so… more »

President pays floral tributes to Dr Shanker Dayal Sharma on his birth anniversary

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
The President of India, Shri Pranab Mukherjee paid floral tributes to Dr. Shanker Dayal Sharma, former President of India on occasion of his birth anniversary at Rashtrapati Bhavan today (August 19, 2016). The President, family members of Dr. Shanker Dayal Sharma, officers and staff of Rashtrapati Bhavan paid floral tributes in front of a portrait of Dr. Shanker Dayal Sharma. Courtesy: pib.nic.in

Center reviews measures to ensure availability of essential commodities at reasonable prices

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
A meeting to discuss measures to ensure availability of essential commodities at reasonable prices, especially of pulses, was held today under the chairmanship of Union Consumer Affairs Secretary – Shri Hem Pande. The meeting was attended by Principal Secretaries, Food, Civil Supplies & Consumer Affairs of States and other senior officials. The meeting reviewed availability of pulses and sugar and stock limits imposed by States thereon, bringing down price difference between wholesale and retail, lifting of pulses from Central Buffer Stock and strict enforcement of Packaged Commodit…more »

Approval of Eligible Projects or Schemes under Section 35AC of the Income Tax Act, 1961

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
Section 35AC of the Income Tax Act 1961, inter alia provides for a deduction in computing the business income of an assessee, of the amount paid by him to a Public Sector company or a local authority or to an association or institution approved by the National Committee for carrying-out any eligible project or scheme. Section 35AC of the Income Tax Act, as amended by the Finance Act, 2016, provides that no deduction under this Section shall be allowed in respect of any assessment year commencing on or after 1st April, 2018. Accordingly, the benefit of deduction under Section 35AC o… more »

New updated Version of Income Tax Return Statistics for Assessment Year 2012-13 released

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
Central Board of Direct Taxes (CBDT) had proactively released data relating to direct tax collections, PAN allocation and distribution of income in the returns for AY 2012-13 earlier in April, 2016. A new version of the income distribution data for AY 2012-13 has now been placed in public domain and is available atwww.incometaxindia.gov.in. Version 2.0 of the tax return data includes additional tables containing distribution of gross total income in respect of different types of taxpayers e.g. individuals, HUF, firms, companies, association of persons, etc. In addition to the add… more »

‘Self-Strength of Indian Soldiers is unparalleled in the World’ Asserts Union Minister for Water Resources, River Development and Ganga rejuvenation Sushri Uma Bharti

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
‘While facing the unrest in the northeastern region of the country, Kashmir region and internal security challenges, our police forces, paramilitary forces and army personnel stayed committed for nation’s safety despite lack of some facilities available for them. Their self-strength is unparalleled in the world”, stated Union Minister of Water Resources, River Development and Ganga Rejuvenation Minister Sushri Uma Bharti in Nagpur today. She was speaking on the occasion of ‘Raksha Bandhan’ programme arranged for CRPF personnel at Central Reserve Police Force Group Centre, Hingna Road… more »

Social Media shaping the communication narrative: MoS I&B Col. Rajyavardhan Rathore

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
*Citizen engagement and response critical for Government Communication* *Social Media shaping the communication narrative: Col. Rathore* *MoS I&B inaugurates workshop for Effective Use of Facebook for Government Communication* *Workshop organized by PIB in collaboration with Facebook* Minister of State for Information &Broadcasting, Col. Rajyavardhan Rathore has said that citizen engagement and two way communication were the critical inputs for the Government communication approach in the current media scenario dominated by instant communication and multimedia platforms. In this contex… more »

New updated Version of Income Tax Return Statistics for Assessment Year 2012-13 released

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
Central Board of Direct Taxes (CBDT) had proactively released data relating to direct tax collections, PAN allocation and distribution of income in the returns for AY 2012-13 earlier in April, 2016. A new version of the income distribution data for AY 2012-13 has now been placed in public domain and is available at http://www.incometaxindia.gov.in. Version 2.0 of the tax return data includes additional tables containing distribution of gross total income in respect of different types of taxpayers e.g. individuals, HUF, firms, companies, association of persons, etc. In addition to the a… more »

#23 in C-Suitism is Cubism

Cubism is defined as a style of painting and sculpture developed in the early 20th century, characterized chiefly by an emphasis on formal structure, the reduction of natural forms to their geometrical equivalents,and the organization of the planes of are presented object independently of representational requirements.

I think cubism has not fully been developed. It is treated like a style, pigeonholed and that’s it. David Hockney
Read more at:http://www.brainyquote.com/search_results.html?q=cubism

Raising a child is a little like Picasso’s work; in the beginning he did very conventional representational things. Cubism came after he had the rules down pat. Anna Quindlen
Read more at:http://www.brainyquote.com/search_results.html?q=cubism

Cubism is like standing at a certain point on a mountain and looking around. If you go higher, things will look different; if you go lower, again they will look different. It is a point of view. Jacques Lipchitz
Read more at:http://www.brainyquote.com/search_results.html?q=cubism

When cubism began to take a social form, Metzinger was especially talked about. He explained cubism, while Picasso never explained anything. It took a few years to see that not talking was better than talking too much. Marcel Duchamp
Read more at: http://www.brainyquote.com/search_results.html?q=cubism

In Corporate life it is a catch-phrase to call for a ‘Structured discussion or blame someone for going all over the place with Un-structured thoughts’. 

“Maybe Cubism started this way. Memory re-arranging a face.”
Mary Rakow, The Memory Room

“I hate people who collect things and classify things and give them names and then forget all about them. That’s what people are always doing in art. They call a painter an impressionist or a cubist or something and then they put him in a drawer and don’t see him as a living individual painter any more.”
John Fowles, The Collector

Being a Hobby Drawing and Painting enthusiast for past 2 years I like the last one as the best. C Suite Members can take their pick – in a Structured or un-structured way as they please. 

Govt. News In Brief

Mr. Bimalendra Nidhi, Deputy Prime Minister and Minister of Home Affairs of Nepal calls on PM Shri Narendra Modi

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 hours ago
Mr. Bimalendra Nidhi, Deputy Prime Minister and Minister of Home Affairs of Nepal called on Prime Minister Shri Narendra Modi today. The Prime Minister congratulated Mr. Bimalendra Nidhi on assuming office as the Deputy Prime Minister and Minister of Home Affairs of Nepal. The Prime Minister also conveyed his greetings and best wishes to the new Government of Nepal, led by Prime Minister Pushpa Kamal Dahal ‘Prachanda’. Mr. Bimalendra Nidhi briefed the Prime Minister about developments in Nepal. Stating that the relations between India and Nepal were not merely between the two Go… more »

Mr. Dmitry Rogozin, Deputy Prime Minister of Russia calls on PM Shri Narendra Modi

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 hours ago
Mr. Dmitry Rogozin, Deputy Prime Minister of Russia called on Prime Minister Shri Narendra Modi today. He conveyed President Putin’s greetings to Prime Minister and briefed him on the progress in ongoing projects between India and Russia. Prime Minister described Russia as a time-tested and reliable friend and reaffirmed the shared commitment with President Putin to expand, strengthen and deepen bilateral engagement across all domains. He recalled his recent meeting with President Putin in Tashkent in June and via video-link for dedication of the Kudankulam Nuclear Power Plant Unit… more »

President Shri Pranab Mukherjee congratulates P. V. Sindhu

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 6 hours ago
The President of India, Shri Pranab Mukherjee has congratulated Ms. P. V. Sindhu for winning a Silver Medal at the Rio Olympics. In a message sent to Ms. P. V. Sindhu, the President has said, “Hearty congratulations on creating history by winning for India a Silver Medal in the Women’s singles in Badminton at the 2016- Rio Olympics. The people of India rejoice with your family and you on the remarkable achievement. Your grit, mental strength and brilliant display today will inspire confidence amongst all Indian sportspersons that they can achieve the pinnacle of any sport at the i… more »

Sports Minister Congratulates P V Sindhu on her historic Success at Rio

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 6 hours ago
Minister of State for Youth Affairs and sports(I/C) shri Vijay Goel has congratulated P V Sindhu and her Coach P. Gopichand for their historic success at the ongoing Rio Olympics. In a statement here today he said, PV Sindhu’s exemplary success to win Silver medal at this young age in Olympics is the result of her hard work, dedication and perseverance. Shri Goel said, credit for this success goes to her parents too, who always stood by PV Sindhu and devoted their entire time and energy to make Sindhu realize her dreams. Shri Goel Said her creditworthy performance will inspire young… more »

PM Shri Narendra Modi congratulates P V Sindhu on winning Silver at Rio Olympics

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 6 hours ago
The Prime Minister, Shri Narendra Modi has congratulated P. V. Sindhu on winning Silver medal in Badminton at Rio Olympics. “Congrats for the Silver, P V Sindhu. Very well fought. Your accomplishment at Rio 2016 is historic and will be remembered for years. ”, the Prime Minister said. (August 19,2016) Courtesy : pib.nic.in

Pasighat advanced Landing Ground gets Operational

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 23 hours ago
The upgraded Advanced Landing Ground (ALG) at Pasighat in Arunachal Pradesh was inaugurated by Hon’ble ShKirenRijijuMoS for Home Affairs in the presence of Air Marshal C Hari Kumar AVSM VM VSM, Air Officer Commanding-in-chief (AOC-in-C), Eastern Air Command on Friday. The event was attended by a large number of civil and military dignitaries including the Chief Secretary and Secretary Civil Aviation Arunachal Pradesh and Air Vice Marshal Manavendra Singh Vr C VSM, Senior Officer-in-Charge Administration, Eastern Air Command Shillong. A flypast by a formation of three Sukhoi-30 MKI … more »

Vishakhapatnam Port poised for major expansion

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 23 hours ago
Vishakhapatnam Port is poised for major expansion, with the Minister for Shipping, Road Transport and Highways Shri Nitin Gadkari inaugurating several projects during his visit to the port yesterday. The Minister inaugurated a Container Freight Station of 1 lakh TEU capacity developed by M/s.VCTPL at a cost of Rs.104 crores for which an extent of Ac 34 acres is allotted by the Port. He also inaugurated the commissioning of 6.25MW out of 10MW solar power plant. The power generated from this plant is meeting the captive consumption of the port and the excess power is proposed to be so… more »

President pays floral tributes to Dr Shanker Dayal Sharma on his birth anniversary

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 23 hours ago
The President of India, Shri Pranab Mukherjee paid floral tributes to Dr. Shanker Dayal Sharma, former President of India on occasion of his birth anniversary at Rashtrapati Bhavan today (August 19, 2016). The President, family members of Dr. Shanker Dayal Sharma, officers and staff of Rashtrapati Bhavan paid floral tributes in front of a portrait of Dr. Shanker Dayal Sharma. Courtesy: pib.nic.in

Center reviews measures to ensure availability of essential commodities at reasonable prices

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 23 hours ago
A meeting to discuss measures to ensure availability of essential commodities at reasonable prices, especially of pulses, was held today under the chairmanship of Union Consumer Affairs Secretary – Shri Hem Pande. The meeting was attended by Principal Secretaries, Food, Civil Supplies & Consumer Affairs of States and other senior officials. The meeting reviewed availability of pulses and sugar and stock limits imposed by States thereon, bringing down price difference between wholesale and retail, lifting of pulses from Central Buffer Stock and strict enforcement of Packaged Commodit…more »

Approval of Eligible Projects or Schemes under Section 35AC of the Income Tax Act, 1961

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
Section 35AC of the Income Tax Act 1961, inter alia provides for a deduction in computing the business income of an assessee, of the amount paid by him to a Public Sector company or a local authority or to an association or institution approved by the National Committee for carrying-out any eligible project or scheme. Section 35AC of the Income Tax Act, as amended by the Finance Act, 2016, provides that no deduction under this Section shall be allowed in respect of any assessment year commencing on or after 1st April, 2018. Accordingly, the benefit of deduction under Section 35AC o… more »

New updated Version of Income Tax Return Statistics for Assessment Year 2012-13 released

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
Central Board of Direct Taxes (CBDT) had proactively released data relating to direct tax collections, PAN allocation and distribution of income in the returns for AY 2012-13 earlier in April, 2016. A new version of the income distribution data for AY 2012-13 has now been placed in public domain and is available atwww.incometaxindia.gov.in. Version 2.0 of the tax return data includes additional tables containing distribution of gross total income in respect of different types of taxpayers e.g. individuals, HUF, firms, companies, association of persons, etc. In addition to the add… more »

‘Self-Strength of Indian Soldiers is unparalleled in the World’ Asserts Union Minister for Water Resources, River Development and Ganga rejuvenation Sushri Uma Bharti

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
‘While facing the unrest in the northeastern region of the country, Kashmir region and internal security challenges, our police forces, paramilitary forces and army personnel stayed committed for nation’s safety despite lack of some facilities available for them. Their self-strength is unparalleled in the world”, stated Union Minister of Water Resources, River Development and Ganga Rejuvenation Minister Sushri Uma Bharti in Nagpur today. She was speaking on the occasion of ‘Raksha Bandhan’ programme arranged for CRPF personnel at Central Reserve Police Force Group Centre, Hingna Road… more »

Social Media shaping the communication narrative: MoS I&B Col. Rajyavardhan Rathore

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
*Citizen engagement and response critical for Government Communication* *Social Media shaping the communication narrative: Col. Rathore* *MoS I&B inaugurates workshop for Effective Use of Facebook for Government Communication* *Workshop organized by PIB in collaboration with Facebook* Minister of State for Information &Broadcasting, Col. Rajyavardhan Rathore has said that citizen engagement and two way communication were the critical inputs for the Government communication approach in the current media scenario dominated by instant communication and multimedia platforms. In this contex… more »

New updated Version of Income Tax Return Statistics for Assessment Year 2012-13 released

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
Central Board of Direct Taxes (CBDT) had proactively released data relating to direct tax collections, PAN allocation and distribution of income in the returns for AY 2012-13 earlier in April, 2016. A new version of the income distribution data for AY 2012-13 has now been placed in public domain and is available at http://www.incometaxindia.gov.in. Version 2.0 of the tax return data includes additional tables containing distribution of gross total income in respect of different types of taxpayers e.g. individuals, HUF, firms, companies, association of persons, etc. In addition to the a… more »

Clarification regarding the Income Declaration Scheme 2016

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
Fifth Set of Frequently Asked Questions (FAQs) was issued yesterday clarifying certain issues relating to Income Declaration Scheme,2016 (the Scheme). Clarification has been sought as to whether the answer number 4 of the said FAQ shall apply to all assets declared under the Scheme or it is limited to only immovable property. As explained in the said answer, the clarification was issued considering the fact that investment in an immovable property may be funded partially from undisclosed and partially from disclosed sources. In such cases, if the property is sold in near future, gai… more »

Sh Dharmendra Pradhan meets Mrs Delcy Rodriguez, Minister of External Affairs and Mr Eulogio del Pino, Minister of Petroleum of Venezuela.

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
The Minister of State (I/C) for Petroleum and Natural Gas Shri Dharmendra Pradhan held a bilateral meeting with Mrs Delcy Rodriguez, Minister of External Affairs, and Mr Eulogio del Pino, Minister of Petroleum of Venezuela. Mrs Rodriguez is currently on a visit to India from 17-19 August 2016 along with a delegation, including senior officials from the Ministry of Petroleum and Mining. During the meeting, both sides discussed aspects of bilateral hydrocarbon engagements. These included, inter-alia, sourcing of crude and mechanism to register Indian Oil and Gas PSUs for sourcing of … more »

Central Secretariat employees seek pay parity

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
A delegation of the Central Secretariat Stenographers’ Service (CSSS) Association, called on the Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh here today and sought his intervention for parity in pay fixation and related issues. The delegation led by Shri Raj Kishore Singh submitted a memorandum listing details of their long pending issues and suggesting options to resolve the same. According to the memorandum, while applying Rule 8 of CCS (RP) …more »

Enhancement of Pension for Freedom Fighters under the Swatantrata Sainik Samman Pension Scheme

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
The existing pension scheme for Central freedom fighter pensioners and their eligible dependents has been restructured as per the table below: *Sl. No.* *Category of freedom fighters* *Present amount of pension (per month)* *Enhanced amount of pension(per month)* 1. Ex-Andaman Political Prisoners/ spouses Rs.24,775/- *Rs.30,000*/- 2. Freedom fighters who suffered outside British India/spouses Rs.23,085/- *Rs.28,000/-* 3. Other Freedom Fighters/ spouses including INA Rs.21,395/- *Rs.26,000/-* 4. Dependent parents/ eligible daughters (maximum 3 daughters at any point of time) Rs.3,380/…more »

Supreme Court directs CPCB to receive one per cent Environment protection charge from manufacturers/dealers in Delhi & National Capital region

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
Hon’ble Supreme Court has directed all manufacturers/dealers of Delhi-NCR, selling diesel cars with engine capacity of 2000 cc and above, to pay 1% Environment Protection Charge (1% of Ex-Showroom price of the vehicle). Central Pollution Control Board (CPCB) has been directed by Hon’ble Supreme Court to open a separate account for this purpose in a Scheduled Public Sector bank. Therefore, CPCB has opened an account for this purpose in Union Bank of India, the details of which are furnished under: Account Name: CPCB-EPC Account No.: 532702010008813 Bank: Union Bank of India While… more »

India Post Payments Bank Incorporated

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
The India Post Payments Bank Limited has received the Certificate of Incorporation from the Registrar of Companies, Ministry of Corporate Affairs yesterday under the Companies Act 2013. This would be the first PSU under the Department of Posts. This has happened in the wake of Prime Minister Shri Narendra Modi’s Independence Day address, raising the expectations of the people from the soon to be set up India Post Payments Bank. With this move the Department of Posts has cleared an important milestone on this journey. With the incorporation, the Board of the India Post Payments Bank…more »

#22 in C-Suitism is Relativism

#22 in CSuitism is Relativism.

It is (philosophy) the philosophical doctrine that all criteria of judgment are relative to the individuals and situations involved.

Relativism is the belief that there’s no absolute truth, only the truths that a particular individual or culture happen to believe. If you believe in relativism, then you think different people can have different views about what’s moral and immoral.

Understandably, relativism makes a lot of people uncomfortable. Is it morally okay for some cultures to have slaves, for example? Cultural relativists might argue yes. Einstein, in particular, caused a lot of problems with his Theory of Relativity that stated that even time and space were relative concepts depending on where an observer happened to be.

For the C Suite Member the word ” Ethical Relativism” makes more sense.  It is Defined as: A tendency to makeethical choices only on the basis of what looks right orreasonable according to one’s own belief or value system. In Corporate life the Value system comes at the core of business and it is rarely flexible. Those who work for a Corporate are expected to live by the Rules and Regulations and Codes of Conduct many of which originate from the Ethics and Values (Ethical Relativism) and the wisdom of the Founders and their beliefs. 

This often leads to  to Cross-cultural issues in a Global organisation a MultiNational Corporation, more so in a UniCorn organisation which has seen a extraordinary growth in a short time. 

Use ethical relativism in a sentence

  • I disagreed with ethical relativism because I feel that deep down, truth is something shared by all humans and not based on culture.
  • If you want your business to have a good reputation in the community make sure to try and follow a strict ethical relativism.
  • The ethical relativism was appalling in our multinational contemporaries. We suggested they upgrade their cultural operating system to understand what was going on.

One final and very important Definition is given below:

ethical relativism definition

In ethics, the belief that nothing is objectively right or wrong and that the definition of right or wrong depends on the prevailing view of a particular individual, culture, or historical period.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source

(Of course, you might argue that relativism itself is a belief only a certain individual or culture happens to believe in. Tough stuff, philosophy.)

Courtesy: Transparency International

19 August 2016

Today’s top story

Angola: Angola passes laws to crack down on press and social media
The Guardian

Angola’s government has approved a set of laws which hand control and regulation of all media to a new body run by the ruling party.

More news

Blogs and opinion

News from Transparency International

Govt News in brief

Requested Ministry-wise PIB releases

Good Reading this…

“Once upon a time there was a king who had three beautiful daughters.
No, no, wait.
Once upon a time there were three bears who lived in a wee house in the woods.
Once upon a time there were three soldiers, tramping together down the road after the war.
Once upon a time there were three little pigs.
Once upon a time there were three brothers.
No, this is it. This is the variation I want.
Once upon a time there were three Beautiful children, two boys and a girl. When each baby was born, the parents rejoiced, the heavens rejoiced, even the fairies rejoiced. The fairies came to christening parties and gave the babies magical gifts.
Bounce, effort, and snark.
Contemplation and enthusiasm. Ambition and strong coffee.
Sugar, curiosity, and rain.
And yet, there was a witch.
There’s always a witch.
This which was the same age as the beautiful children, and as she and they grew, she was jealous of the girl, and jealous of the boys, too. They were blessed with all these fairy gifts, gifts the witch had been denied at her own christening.
The eldest boy was strong and fast, capable and handsome. Though it’s true, he was exceptionally short.
The next boy was studious and open hearted. Though it’s true, he was an outsider.
And the girl was witty, Generous, and ethical. Though it’s true, she felt powerless.
The witch, she was none of these things, for her parents had angered the fairies. No gifts were ever bestowed upon her. She was lonely. Her only strength was her dark and ugly magic.
She confuse being spartan with being charitable, and gave away her possessions without truly doing good with them.
She confuse being sick with being brave, and suffered agonies while imagining she merited praise for it.
She confused wit with intelligence, and made people laugh rather than lightening their hearts are making them think.
Hey magic was all she had, and she used it to destroy what she most admired. She visited each young person in turn in their tenth birthday, but did not harm them out right. The protection of some kind fairy – the lilac fairy, perhaps – prevented her from doing so.
What she did instead was cursed them.
“When you are sixteen,” proclaimed the witch in a rage of jealousy, “you shall prick your finger on a spindle – no, you shall strike a match – yes, you will strike a match and did in its flame.”
The parents of the beautiful children were frightened of the curse, and tried, as people will do, to avoid it. They moved themselves and the children far away, to a castle on a windswept Island. A castle where there were no matches.
There, surely, they would be safe.
There, Surely, the witch would never find them.
But find them she did. And when they were fifteen, these beautiful children, just before their sixteenth birthdays and when they’re nervous parents not yet expecting it, the jealous which toxic, hateful self into their lives in the shape of a blonde meeting.
The maiden befriended the beautiful children. She kissed him and took them on the boat rides and brought them fudge and told them stories.
Then she gave them a box of matches.
The children were entranced, for nearly sixteen they have never seen fire.
Go on, strike, said the witch, smiling. Fire is beautiful. Nothing bad will happen.
Go on, she said, the flames will cleanse your souls.
Go on, she said, for you are independent thinkers.
Go on, she said. What is this life we lead, if you did not take action?
And they listened.
They took the matches from her and they struck them. The witch watched their beauty burn,
Their bounce,
Their intelligence,
Their wit,
Their open hearts,
Their charm,
Their dreams for the future.
She watched it all disappear in smoke.”
E. Lockhart, We Were Liars

Did you know…

… that today is Belka and Strelka Launch Day? On August 19, 1960, Russia launched Sputnik 5, which carried the dogs Belka and Strelka, along with a gray rabbit, 40 mice, 2 rats, and 15 flasks of fruit flies and plants. It was the first spacecraft to carry animals into orbit and safely return them. One of Strelka’s pups, Pushinka, bred and born after her mission, was given as a present to Caroline Kennedy by Nikita Khrushchev in 1961, and many descendants are known to exist.

~~~

Today’s Inspirational Quote:

“Gratitude is the sweetest thing in a seeker’s life – in all human life. If there is gratitude in your heart, then there will be tremendous sweetness in your eyes.”

— Sri Chinmoy

Chart: scarcity – a global problem? Courtesy: Stanchart article I liked

Chart: water scarcity – a global problem?

Economic and political crises related to water scarcity are multiplying

2016-08-09-BeyondBorders-Image-Philippe DP-Water chart

Source: World Resource Institute, UN, FAO, Standard Chartered Research

 

The map above illustrates water risks in the world through an indicator measuring risks related to quantity, quality and access.

Water risk is an increasingly important global theme and does not only concern poor and water-stressed countries. Areas from California to south-eastern Spain and Australia have experienced acute episodes of drought, groundwater depletion and environmental change that have strained water resources.

Rising temperatures play an obvious role in water risks multiplying, but overuse, pollution, mismanagement and changing diets are contributing factors also. Economic development leads to urbanisation and millions of people shifting each year from starch to meat and dairy-based diets, which require much more water for cultivation. This dietary shift has had the greatest impact on water consumption over the past 30 years and will continue, according to the UN.

The natural availability of water is only one factor in straining world water resources – its use and management are just as important. Countries such as India have good natural access to water, but pollution, aquifer and waste-water mismanagement, irrigation techniques, and agricultural choices have rendered the situation critical.

And water crises are not limited to emerging markets. Mismanagement, water overuse, and growing evidence of faster-than-anticipated climate change have led to acute water crises in some developed countries. These include the ongoing multi-year drought in the US, which has affected over 97 per cent of the agricultural sector, according to the US Department of Agriculture.

Read this short note to learn more about why water risk has become a crucial aspect of economic and geopolitical developments.

 

 

Important disclosures can be found in the Global Research Terms & Conditions

Govt News in Brief

Sh Dharmendra Pradhan meets Mrs Delcy Rodriguez, Minister of External Affairs and Mr Eulogio del Pino, Minister of Petroleum of Venezuela.

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 14 hours ago
The Minister of State (I/C) for Petroleum and Natural Gas Shri Dharmendra Pradhan held a bilateral meeting with Mrs Delcy Rodriguez, Minister of External Affairs, and Mr Eulogio del Pino, Minister of Petroleum of Venezuela. Mrs Rodriguez is currently on a visit to India from 17-19 August 2016 along with a delegation, including senior officials from the Ministry of Petroleum and Mining. During the meeting, both sides discussed aspects of bilateral hydrocarbon engagements. These included, inter-alia, sourcing of crude and mechanism to register Indian Oil and Gas PSUs for sourcing of … more »

Central Secretariat employees seek pay parity

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 14 hours ago
A delegation of the Central Secretariat Stenographers’ Service (CSSS) Association, called on the Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh here today and sought his intervention for parity in pay fixation and related issues. The delegation led by Shri Raj Kishore Singh submitted a memorandum listing details of their long pending issues and suggesting options to resolve the same. According to the memorandum, while applying Rule 8 of CCS (RP) …more »

Enhancement of Pension for Freedom Fighters under the Swatantrata Sainik Samman Pension Scheme

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 14 hours ago
The existing pension scheme for Central freedom fighter pensioners and their eligible dependents has been restructured as per the table below: *Sl. No.* *Category of freedom fighters* *Present amount of pension (per month)* *Enhanced amount of pension(per month)* 1. Ex-Andaman Political Prisoners/ spouses Rs.24,775/- *Rs.30,000*/- 2. Freedom fighters who suffered outside British India/spouses Rs.23,085/- *Rs.28,000/-* 3. Other Freedom Fighters/ spouses including INA Rs.21,395/- *Rs.26,000/-* 4. Dependent parents/ eligible daughters (maximum 3 daughters at any point of time) Rs.3,380/…more »

Supreme Court directs CPCB to receive one per cent Environment protection charge from manufacturers/dealers in Delhi & National Capital region

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 15 hours ago
Hon’ble Supreme Court has directed all manufacturers/dealers of Delhi-NCR, selling diesel cars with engine capacity of 2000 cc and above, to pay 1% Environment Protection Charge (1% of Ex-Showroom price of the vehicle). Central Pollution Control Board (CPCB) has been directed by Hon’ble Supreme Court to open a separate account for this purpose in a Scheduled Public Sector bank. Therefore, CPCB has opened an account for this purpose in Union Bank of India, the details of which are furnished under: Account Name: CPCB-EPC Account No.: 532702010008813 Bank: Union Bank of India While… more »

India Post Payments Bank Incorporated

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 16 hours ago
The India Post Payments Bank Limited has received the Certificate of Incorporation from the Registrar of Companies, Ministry of Corporate Affairs yesterday under the Companies Act 2013. This would be the first PSU under the Department of Posts. This has happened in the wake of Prime Minister Shri Narendra Modi’s Independence Day address, raising the expectations of the people from the soon to be set up India Post Payments Bank. With this move the Department of Posts has cleared an important milestone on this journey. With the incorporation, the Board of the India Post Payments Bank…more »

Enhancement of Pension for Freedom Fighters under the Swatantrata Sainik Samman Pension Scheme

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 16 hours ago
The existing pension scheme for Central freedom fighter pensioners and their eligible dependents has been restructured as per the table below: *Sl. No.* *Category of freedom fighters* *Present amount of pension (per month)* *Enhanced amount of pension(per month)* 1. Ex-Andaman Political Prisoners/ spouses Rs.24,775/- *Rs.30,000*/- 2. Freedom fighters who suffered outside British India/spouses Rs.23,085/- *Rs.28,000/-* 3. Other Freedom Fighters/ spouses including INA Rs.21,395/- *Rs.26,000/-* 4. Dependent parents/ eligible daughters (maximum 3 daughters at any point of time) Rs.3,380/-…more »

Environment Minister Dedicates Faclities to People under Sansad Adarsh Gram Yojana in Madhya Pradesh

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 18 hours ago
The Minister of State (Independent Charge) of Environment, Forest and Climate Change, Shri Anil Madhav Dave, dedicated a number of facilities the people of Jahanpur Gram Panchayat in district Sihor in Madhya Pradesh under Sansad Adarsh Gram Yojana, yesterday. The village houses about 100 families. The Minister dedicated a night shelter, particularly for the benefit of people performing a circumambulation (Parikarama) of River Narmada. A toilet has also been constructed to prevent people from defecating in the open. Shri Dave also inaugurated a water filter plant, with an objectiv… more »

National Steering Committee to be setup on Fodder Development

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 18 hours ago
Government has decided to constitute a National Steering Committee headed by Secretary, Department of Animal Husbandry, Dairying and Fisheries, Ministry of Agriculture & Farmers Welfare and a Technical Committee headed by Director, National Institute of Animal Nutrition and Physiology (NIANP) Banguluru, on issues related to Feed and Fodder Development in the country. The decision has been taken in a review meeting held by the Secretary (ADF), Shri Devendra Chaudhry with National Institute of Animal Nutrition and Physiology (NIANP) Banguluru, Indian Grassland and Fodder Research Ins… more »

NMPB to launch National campaign on Medicinal Plants at Jaipur

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 18 hours ago
National Medicinal Plants Board (NMPB) of the Ministry of AYUSH will launch a National campaign on Medicinal Plants on 20th – 21st August, 2016 at Jaipur. The campaign will be organised at State Institute of Agriculture Management (SIAM), Durgapura, in Jaipur. Approximately 500 farmers who are cultivating medicinal plants from across the country will participate. During the event, an Interactive Meet cum Seminar will also be organized on Medicinal Plants involving farmers, experts, traders, industries and other stakeholders of medicinal plants sector. Most of the stakeholders will be… more »

President Shri Pranab Mukherjee’s Message on the Eve of Independence Day of Afghanistan

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 18 hours ago
The President of India, Shri Pranab Mukherjee has extended his greetings and felicitations to the Government and people of Islamic Republic of Afghanistan on the eve of their Independence Day (August 19, 2016). In a message to His Excellency Mr. Mohammad Ashraf Ghani, the President of the Islamic Republic of Afghanistan, the President has said, “On behalf of the Government and the people of India and on my own behalf, it is with great pleasure that I extend warm greetings and felicitations to Your Excellency and to the people of Afghanistan on the occasion of your Independence Day…. more »

Environment Minister Dedicates Faclities to People under Sansad Adarsh Gram Yojana in Madhya Pradesh

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 22 hours ago
The Minister of State (Independent Charge) of Environment, Forest and Climate Change, Shri Anil Madhav Dave, dedicated a number of facilities the people of Jahanpur Gram Panchayat in district Sihor in Madhya Pradesh under Sansad Adarsh Gram Yojana, yesterday. The village houses about 100 families. The Minister dedicated a night shelter, particularly for the benefit of people performing a circumambulation (Parikarama) of River Narmada. A toilet has also been constructed to prevent people from defecating in the open. Shri Dave also inaugurated a water filter plant, with an objectiv… more »

PM Shri Narendra Modi greets the people on the occasion of Raksha Bandhan

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 23 hours ago
The Prime Minister, Shri Narendra Modi has greeted the people on the occasion of Raksha Bandhan. “Best wishes to everyone on this very special day of Raksha Bandhan. रक्षाबंधन की ढेरों शुभकामनाएं। “, the Prime Minister said. Courtesy: pib.nic.in

2nd Meeting of BRICS Ministers for Disaster Management to be held in Udaipur, Rajasthan on August 22-23, 2016

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
The 2nd Meeting of BRICS (Brazil, Russia, India, China & South Africa) Ministers for Disaster Management will be held in Udaipur, Rajasthan on August 22-23, 2016. The two-day meeting will focus on two distinct but inter-related themes: a) Flood Risk Management; and b) Forecasting of Extreme Weather Events in the context of Changing Climate. It is a follow up of the 1st meeting of the BRICS Ministers for Disaster Management convened by the Russian Federation in St. Petersburg on April 19-20, 2016. Recognizing the common challenge posed by natural and man-made disasters, BRICS countr… more »

India and Bangladesh to jointly produce documentary on 1971 war of Independence of Bangladesh

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
AIR to launch Akashvani Maitree on 23rd August Shri Venkaiah Naidu meets Mr. Hasanul Haq Inu, Bangladesh Information Minister Shri M Venkaiah Naidu, Minister for Information and Broadcasting said that information dissemination is critical to counter terrorism which is a common issue plaguing both India and Bangladesh. Timely and correct dissemination of information will prevent rumors and falsehood, while at the same time, build the spirit of cooperation and understanding between people. The Minister stated this during his discussions with Minister of Information, Government of Peop… more »

India and Bangladesh to jointly produce documentary on 1971 war of Independence of Bangladesh

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
AIR to launch Akashvani Maitree on 23rd August Shri Venkaiah Naidu meets Mr. Hasanul Haq Inu, Bangladesh Information Minister Shri M Venkaiah Naidu, Minister for Information and Broadcasting said that information dissemination is critical to counter terrorism which is a common issue plaguing both India and Bangladesh. Timely and correct dissemination of information will prevent rumors and falsehood, while at the same time, build the spirit of cooperation and understanding between people. The Minister stated this during his discussions with Minister of Information, Government of Peop… more »

President’s Greetings on the Eve of Raksha Bandhan

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
The President of India, Shri Pranab Mukherjee in his message on the eve of Raksha Bandhan has said:- “On the auspicious occasion of Raksha Bandhan, I extend warm greetings and felicitations to all my fellow citizens. The festival of Rakhi stands for the eternal bond of love and trust that brothers and sisters share. May the Rakhi festival strengthen fraternal feelings and the spirit of oneness in our society as we strive collectively for the well-being of our people. May this unique festival inculcate in us the need to protect the women in our society and promote their welfare. … more »

PM Shri Narendra Modi greets the people on the start of Chingam, the first month of the Malayalam New Year

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
The Prime Minister, Shri Narendra Modi, has greeted the people on the start of Chingam, the first month of the Malayalam New Year. “On the start of Chingam, the first month of the Malayalam New Year, my greetings to the Malayali community. May the year bring joy & peace,” the Prime Minister said. Courtesy: pib.nic.in

President’s Greetings on the Eve of Raksha Bandhan

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
The President of India, Shri Pranab Mukherjee in his message on the eve of Raksha Bandhan has said:- “On the auspicious occasion of Raksha Bandhan, I extend warm greetings and felicitations to all my fellow citizens. The festival of Rakhi stands for the eternal bond of love and trust that brothers and sisters share. May the Rakhi festival strengthen fraternal feelings and the spirit of oneness in our society as we strive collectively for the well-being of our people. May this unique festival inculcate in us the need to protect the women in our society and promote their welfare. … more »

National Commission for Scheduled Caste Submits Three Reports to President of India

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
The National Commission for Scheduled Caste headed by Shri P.L. Punia, Chairman, Shri Rajkumar Verka, Vice-Chairman and Shri Raju Parmar, Shri Ishwar Singh, Smt. P.M. Kamalamma, Members have submitted the following reports on 16th August 2016 to the Hon’ble President of India. The reports are:- 1. Annual Report of NCSC 2015-16, 2. Report on the Effective Utilization of Funds under the Scheduled Caste Sub Plan (SCSP)-2016, and 3. Report on Atrocities against Kuravan community in Tamil Nadu-2016.v The report contain various recommendations on the issues entrusted to the commissio… more »

PM Shri Narendra Modi greets the people on Navroz

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
The Prime Minister, Shri Narendra Modi, has greeted the people on the occasion of Navroz, the Parsi new year. “Navroz Mubarak to the Parsi community. May there be an abundance of happiness, success & good health in this coming year,” the Prime Minister said. Courtesy: pib.nic.in

Business Ethics and Social Responsibility

Business Ethics and Social Responsibility

Business ethics is a form of applied ethics that examines just rules and principles within a commercial context; the various moral or ethical problems that can arise in a business setting; and any special duties or obligations that apply to persons who are engaged in commerce. Generally speaking, business ethics is a normative discipline, whereby particular ethical standards are advocated and then applied. 
It makes specific judgments about what is right or wrong, which is to say, it makes claims about what ought to be done or what ought not to be done. While there are some exceptions, business ethicists are usually less concerned with the foundations of ethics (meta-ethics), or with justifying the most basic ethical principles, and are more concerned with practical problems and applications, and any specific duties that might apply to business relationships. 
Business ethics can be examined from various perspectives, including the perspective of the employee, the commercial enterprise, and society as a whole. Very often, situations arise in which there is conflict between one and more of the parties, such that serving the interest of one party is a detriment to the other(s). For example, a particular outcome might be good for the employee, whereas, it would be bad for the company, society, or vice versa. Some ethicists see the principal role of ethics as the harmonization and reconciliation of conflicting interests. 
Ethical issues can arise when companies must comply with multiple and sometimes conflicting legal or cultural standards, as in the case of multinational companies that operate in countries with varying practices. The question arises, for example, ought a company to obey the laws of its home country, or should it follow the less stringent laws of the developing country in which it does business? 
To illustrate, United States law forbids companies from paying bribes either domestically or overseas; however, in other parts of the world, bribery is a customary, “accepted” way of doing business. Similar problems can occur with regard to child labor, employee safety, work hours, wages, discrimination, and environmental protection laws. 
Business ethics should be distinguished from the philosophy of business, the branch of philosophy that deals with the philosophical, political, and ethical underpinnings of business and economics. Business ethics operates on the premise, for example, that the ethical operation of a private business is possible — those who dispute that premise, such as libertarian socialists, (who contend that “business ethics” is an oxymoron) do so by definition outside of the domain of business ethics proper. 
The philosophy of business also deals with questions such as what, if any, are the social responsibilities of a business; business management theory; theories of individualism vs. collectivism; free will among participants in the marketplace; the role of self interest; invisible hand theories; the requirements of social justice; and natural rights, especially property rights, in relation to the business enterprise. 
Business ethics is also related to political economy, which is economic analysis from political and historical perspectives. Political economy deals with the distributive consequences of economic actions. It asks who gains and who loses from economic activity, and is the resultant distribution fair or just, which are central ethical issues. 
While the rise of small business entrepreneurs is no doubt great for the American economy, an unfortunate aspect is that many businesses now routinely engage in unethical or morally questionable practices under the guise of “customer service.” If you are starting your own company, or already run a small business, this sort of questionable behavior is no doubt going to hurt you in the long run. 
Successful companies almost always adopt a stringent code of ethics and enforce it in all areas of their business, including customer service. The best customer service policy is always to adopt high ethical standards, and practice them rigorously. 
Customers who believe they are being treated fairly, honestly, and justly will come back. Customers who think they have been cheated, lied to or abused will never come back. Worse, they will tell others to avoid your business because you are a crook! 
Ethical Customer Service
The best customer service policy is to be honest with your customers. Never make a promise to any customer that you will not be able to deliver upon. If you can not do something for a customer, there is a good chance you’re going to lose some business. Unfortunately, many small business owners think they cannot afford to lose customers, and as a result they lie, telling customers they will do things they know they simply cannot. In the short term, the business may make some additional cash, but in the long-term it is devastating. 
When it comes down to it, good ethics in customer service may be painful in the short term, but you will avoid problems down the road. If you want to stay in business for a while, and thrive, your best mantra may not be “the customer is always right.” Instead, make sure you don’t over promise and under deliver. 
Instead of telling your customers whatever they want to hear, be honest. Tell them exactly what you can do for them. If the customer asks for something you cannot do, tell them so, and explain why. 
If the customer asks you to do something you know is wrong, tell them that their request is wrong and why it is wrong. In many cases, customers are not aware that some of their requests could be wrong or illegal. 
If a customer keeps asking you to do what you know is wrong, think to yourself, is that really a customer you want or need? Fortunately such customers are a tiny minority that a successful business can do without.
Honest Customer Service
Hand-in-hand with ethical customer service is honest customer service. Indeed, the best customer service policy is the simplest and easiest to implement: honesty. Be honest with your customers and you will win their respect, their trust, and more importantly their business. 
Ask yourself, would you do business with anybody who lied to you or tried to deceive you? If the answer is no, then you know why honesty is the cornerstone of all effective customer service. The way to win to customers is to win their trust. 
This means you should take a look at your customer service policies and eliminate anything that encourages you to lie to or deceive your customers, such as the aforementioned “the customer is always right” policy. Unfortunately many customer service experts and books actually recommend policies that lead to lying and deception. 
One final piece of advice: you will never be able to please every customer. Only do what you cannot and do not promise the impossible. 

#21 in C-Suitism is Reductionism

Our #21 in CSuitism is Reductionism, At first I thought it is a HR concept to Scale down, rationalise the business by firing – uh, Oh, Resizing the manpower which is in vogue in today’s business and would be very relevant to the Chief People Officers but no. Reductionism is one which has evoked very strong to extreme reactions from Intellectuals and others both past and present.

Reductionism originates from 

1. the theory that every complex phenomenon,especially in biology or psychology, can be explained by analyzing the simplest, most basic physical mechanisms that are in operation during the phenomenon.

2. the practice of simplifying a complex idea, issue,condition, or the like, especially to the point of minimizing, obscuring, or distorting it.

“Human science fragments everything in order to understand it, kills everything in order to examine it. ”
Leo Tolstoy, War and Peace

“That’s another pitfall of reductionism: Until scientists have the means to isolate and measure things, they insist those things don’t and can’t exist, and anyone who says otherwise is ignorant an superstitious.”

T. Colin Campbell, Whole: Rethinking the Science of Nutrition

BusinessDictionary.com defines it as:

Definition

Material world-view in which complex phenomenon is broken down into conceptual chunks small enough to be analyzed or measured. The basis of all analysis, reductionism is useful in understanding inanimate things or simple systems.

This philosophy (specially when taken to extreme), however, dismisses environment as merely a set of resources to be consumed, and human beings as tools to be manipulated and exploited.

It is opposite of holism based on the philosophy that a whole is greater than the sum of its parts, and that the nature of a thing or a complex system cannot be understood by breaking it apart but by looking at in its totality.

“I would simply ask why so many critics, so many writers, so many philosophers take such satisfaction in professing that the experience of a work of art is ineffable, that it escapes by definition all rational understanding; why are they so eager to concede without a struggle the defeat of knowledge; and where does their irrepressible need to belittle rational understanding come from, this rage to affirm the irreducibility of the work of art, or, to use a more suitable word, its transcendence.”
Pierre Bourdieu, The Rules of Art: Genesis and Structure of the Literary Field

Do I really need to explain to the ‘C Suite members’?  “They are wise, they can discern, they can filter, they can analyse – they can decide – they will ! “ -me

Govt. News In Brief

Environment Minister Dedicates Faclities to People under Sansad Adarsh Gram Yojana in Madhya Pradesh

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 hour ago
The Minister of State (Independent Charge) of Environment, Forest and Climate Change, Shri Anil Madhav Dave, dedicated a number of facilities the people of Jahanpur Gram Panchayat in district Sihor in Madhya Pradesh under Sansad Adarsh Gram Yojana, yesterday. The village houses about 100 families. The Minister dedicated a night shelter, particularly for the benefit of people performing a circumambulation (Parikarama) of River Narmada. A toilet has also been constructed to prevent people from defecating in the open. Shri Dave also inaugurated a water filter plant, with an objectiv… more »

PM Shri Narendra Modi greets the people on the occasion of Raksha Bandhan

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 hour ago
The Prime Minister, Shri Narendra Modi has greeted the people on the occasion of Raksha Bandhan. “Best wishes to everyone on this very special day of Raksha Bandhan. रक्षाबंधन की ढेरों शुभकामनाएं। “, the Prime Minister said. Courtesy: pib.nic.in

2nd Meeting of BRICS Ministers for Disaster Management to be held in Udaipur, Rajasthan on August 22-23, 2016

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 17 hours ago
The 2nd Meeting of BRICS (Brazil, Russia, India, China & South Africa) Ministers for Disaster Management will be held in Udaipur, Rajasthan on August 22-23, 2016. The two-day meeting will focus on two distinct but inter-related themes: a) Flood Risk Management; and b) Forecasting of Extreme Weather Events in the context of Changing Climate. It is a follow up of the 1st meeting of the BRICS Ministers for Disaster Management convened by the Russian Federation in St. Petersburg on April 19-20, 2016. Recognizing the common challenge posed by natural and man-made disasters, BRICS countr… more »

India and Bangladesh to jointly produce documentary on 1971 war of Independence of Bangladesh

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 21 hours ago
AIR to launch Akashvani Maitree on 23rd August Shri Venkaiah Naidu meets Mr. Hasanul Haq Inu, Bangladesh Information Minister Shri M Venkaiah Naidu, Minister for Information and Broadcasting said that information dissemination is critical to counter terrorism which is a common issue plaguing both India and Bangladesh. Timely and correct dissemination of information will prevent rumors and falsehood, while at the same time, build the spirit of cooperation and understanding between people. The Minister stated this during his discussions with Minister of Information, Government of Peop… more »

India and Bangladesh to jointly produce documentary on 1971 war of Independence of Bangladesh

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 22 hours ago
AIR to launch Akashvani Maitree on 23rd August Shri Venkaiah Naidu meets Mr. Hasanul Haq Inu, Bangladesh Information Minister Shri M Venkaiah Naidu, Minister for Information and Broadcasting said that information dissemination is critical to counter terrorism which is a common issue plaguing both India and Bangladesh. Timely and correct dissemination of information will prevent rumors and falsehood, while at the same time, build the spirit of cooperation and understanding between people. The Minister stated this during his discussions with Minister of Information, Government of Peop… more »

President’s Greetings on the Eve of Raksha Bandhan

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 22 hours ago
The President of India, Shri Pranab Mukherjee in his message on the eve of Raksha Bandhan has said:- “On the auspicious occasion of Raksha Bandhan, I extend warm greetings and felicitations to all my fellow citizens. The festival of Rakhi stands for the eternal bond of love and trust that brothers and sisters share. May the Rakhi festival strengthen fraternal feelings and the spirit of oneness in our society as we strive collectively for the well-being of our people. May this unique festival inculcate in us the need to protect the women in our society and promote their welfare. … more »

PM Shri Narendra Modi greets the people on the start of Chingam, the first month of the Malayalam New Year

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 22 hours ago
The Prime Minister, Shri Narendra Modi, has greeted the people on the start of Chingam, the first month of the Malayalam New Year. “On the start of Chingam, the first month of the Malayalam New Year, my greetings to the Malayali community. May the year bring joy & peace,” the Prime Minister said. Courtesy: pib.nic.in

President’s Greetings on the Eve of Raksha Bandhan

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
The President of India, Shri Pranab Mukherjee in his message on the eve of Raksha Bandhan has said:- “On the auspicious occasion of Raksha Bandhan, I extend warm greetings and felicitations to all my fellow citizens. The festival of Rakhi stands for the eternal bond of love and trust that brothers and sisters share. May the Rakhi festival strengthen fraternal feelings and the spirit of oneness in our society as we strive collectively for the well-being of our people. May this unique festival inculcate in us the need to protect the women in our society and promote their welfare. … more »

National Commission for Scheduled Caste Submits Three Reports to President of India

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
The National Commission for Scheduled Caste headed by Shri P.L. Punia, Chairman, Shri Rajkumar Verka, Vice-Chairman and Shri Raju Parmar, Shri Ishwar Singh, Smt. P.M. Kamalamma, Members have submitted the following reports on 16th August 2016 to the Hon’ble President of India. The reports are:- 1. Annual Report of NCSC 2015-16, 2. Report on the Effective Utilization of Funds under the Scheduled Caste Sub Plan (SCSP)-2016, and 3. Report on Atrocities against Kuravan community in Tamil Nadu-2016.v The report contain various recommendations on the issues entrusted to the commissio… more »

PM Shri Narendra Modi greets the people on Navroz

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
The Prime Minister, Shri Narendra Modi, has greeted the people on the occasion of Navroz, the Parsi new year. “Navroz Mubarak to the Parsi community. May there be an abundance of happiness, success & good health in this coming year,” the Prime Minister said. Courtesy: pib.nic.in

Shri Venkaiah Naidu inaugurates two day Workshop on Scaling Up Citizens’ Participation in SBM (U)

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
739 cities to achieve ODF status this financial year The union Minister for Urban Minister Shri Venkaiah Naidu inaugurated a consultative workshop on Scaling Up Citizens’ Participation in Swachh Bharat Mission (Urban) {SBM(U)} to a ‘Jan Andolan’ in New Delhi today. The two day workshop is being organised jointly by Ministry of Urban Development and Tata Institute of Social Sciences. On the occasion, Shri Venkaiah Naidu said that with the participation and involvement of all the stakeholders, the SBM will transform rapidly into a full-scale ‘Jan Andolan’ of c… more »

Smt Maneka Sanjay Gandhi holds Regional consultations on the draft ‘Trafficking of Persons Bill, 2016’ in Chennai

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
WCD Ministry to start a new initiative of giving birth certificates and AADHAR Cards to street children The Minister of Women and Child Development, Smt Maneka Sanjay Gandhi held Regional consultations with Civil Society Organizations on the draft ‘Trafficking of Persons Bill, 2016’ in Chennai today. 21 NGOs and the Government of Tamil Nadu participated in the fruitful consultations. Secretary, WCD Ministry, Ms. Leena Nair was also present during the consultation process. The NGOs came forward with important suggestions for the Bill. They suggested that the timelines for repatriation… more »

Regional Maritime Security Course (RMSC) commences at Naval War College, Goa

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
In continuation of Indian Navy’s foreign cooperation initiatives, a Regional Maritime Security Course (RMSC) for officers of the rank of Colonel/ equivalent of Maritime Security Agencies from Friendly Foreign Countries (FFCs) at Naval War College, Goa commenced 16 Aug 16 for a duration of eight weeks. The module includes International Relations Theory, International Maritime Law, UNCLOS, Energy and Natural Resources Security, Maritime Domain Awareness, Indian Ocean Studies as well as a table top Humanitarian Assistance and Disaster Relief/ Out of Area Contingency exercise. The cou… more »

Ancient camping site dating 8500 BC discovered by ASI at 14000 feet above sea level on the way to Saser La to Ladakh

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
An ancient camping site dating ninth millennium BC has been discovered by the Archaeological Survey of India (ASI), under Ministry of Culture, on the way to Saser La which leads to the Karakoram Pass in Ladakh. While exploring in Nubra valley during 2015-16, Dr. S.B. Ota, Joint Director General in ASI observed both sides of hill and valley as the serpentine road, gradually climbed along the Saser Stream. After covering a distance of about 22 km, he noticed a section, exposed due to road construction, showing successive layers comprising burning residue and immediately stopped to exp… more »

Shri Devendra Chaudhry Reviews the Progress of Roadmap for Harmonization of Production and Quality Control of Veterinary Biologicals in India

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
Secretary, Animal Husbandry, Dairying and Fisheries, Ministry of Agriuclture and Farmers Welfare, Shri Devendra Chaudhry reviewed the progress on the resolutions and recommendations made in the one-day brainstorming workshop on developing a dynamic roadmap for harmonization of production and quality control of veterinary biologicals in India in a meeting held in New Delhi. Establishing quality management system in the institute and automation of process in the institute, development of uniform SOPs for QC testing of vaccines, awareness of farmers on the benefits of the vaccination i… more »

Vice President Greets People on Parsi New Year’s Day

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
The Vice President of India, Shri M. Hamid Ansari has greeted the people of our country on the auspicious occasion of ‘Navroj’, the Parsi New Year’s day. In a message, he said that Navroj is celebrated with traditional fervour and gaiety, and reflects the spirit of fraternity and compassion. *Following is the text of Vice President’s message*: “I greet the people of our country on the auspicious occasion of ‘Navroj’, which marks the beginning of Parsi New Year. Celebrated with traditional fervour and gaiety, Navroj reflects the spirit of fraternity and compassion. May this ausp… more »

President’s greetings on the eve of Parsi New Year

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
The President of India, Shri Pranab Mukherjee in his message on the eve of the Parsi New Year has said: – “On the auspicious occasion of the Parsi New Year, I convey my greetings and good wishes to all my fellow citizens, particularly my Parsi brothers and sisters. The Parsi Community of India has played a major role in the building of our nation and contributed immensely to development of our country in various spheres, including industry, commerce, trade and education. The Navroz festival signifies the coming of the new and passing of the old. Let us spread goodwill on this day… more »

President Shri Pranab Mukherjee’s message on the eve of National Day of Gabon

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
The President of India, Shri Pranab Mukherjee has extended his greetings and felicitations to the Government and people of the Republic of Gabon on the eve of their National Day (August 17, 2016). In a message to His Excellency Mr. Ali Bongo Ondimba, the President of the Republic of Gabon, the President has said, “On behalf of the Government, the people of India and on my own behalf, it is with great pleasure that I convey warm greetings and felicitations to you and to the Government and people of Gabon on the occasion of your National Day. I am confident that our cooperative bila… more »

President Shri Pranab Mukherjee’s message on the eve of 71st anniversary of Independence Day of Indonesia

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
The President of India, Shri Pranab Mukherjee has extended his greetings and felicitations to the Government and people of the Republic of Indonesia on the eve of 71st anniversary of their Independence Day (August 17, 2016). In a message to His Excellency Mr. Joko Widodo, the President of the Republic of Indonesia, the President has said, “On behalf of the Government, the people of India and on my own behalf, it is with great pleasure that I extend warm greetings and congratulations to the Government and the people of Indonesia on the occasion of the 71st anniversary of your Indepe…more »

Presidential Award for Certificate of Honour and Maharshi Badrayan Vyas Samman to Sanskrit, Pali, Prakrit, Arabic and Persian Scholars for the Year 2016

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 days ago
The President is pleased to award the *Certificate of Honour* to the following scholars of Sanskrit, Pali, Prakrit, Arabic and Persian: *SANSKRIT* 1. SHRI R.VENKATRAMAN 2. SHRI VISWANATHA GOPALA KRISHNA 3. SHRI JIYA LAL KAMBOJ 4. DR. BHAVENDRA JHA 5. PROF. PRIYATAM CHANDRA SHASTRI 6. PROF. GURUPAD K.HEGDE 7. PROF. S.T. NAGARAJA 8. SHRI SANATAN MISHRA 9. SHRI SRISTI LAKSHMI PRASANNANJANEYA SARMA 10. PROF. (MRS.) LAXMI SHARMA 11. PROF. BISWANATH BHATTACHARYA 12. PROF. RAMNARAYAN DAS 13. DR. RAMSHANKER AWASTHI 14. SHRI HRIDAYA RANJAN SHARMA 15. PROF. (DR.) JANAKI PRASAD DWIVEDI *SAN… more »

#20 in C-Suitism is Realism

#20 in C-Suitism is Realism

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WHAT IS REALISM

“Realism is commonly defined as a concern for fact or reality and rejection of the impractical and visionary. However, the term realism is used, with varying meanings, in several of the liberal arts; particularly painting, literature, and philosophy. It is also used in international relations.”

In the visual arts and literature, realism is a mid-19th century movement, which started in France. The realists sought to render everyday characters, situations, dilemmas, and events; all in an “accurate” (or realistic) manner. Realism began as a reaction to romanticism, in which subjects were treated idealistically. Realists tended to discard theatrical drama and classical forms of art to depict commonplace or ‘realistic’ themes.

American Realism is an artistic movement in the USA that was active in literature, photography, and painting from 1880 to 1940. One of it’s main representatives is Edward Hopp

In business though, I found two good definitions:

realism

Definitions (2)

1.Practical or pragmatic (as opposed to idealistic or visionary) orientation that relies on ‘hard facts,’ and considers things as they are and not on what they might or should be. In politics, realism is called realpolitik.

2.Philosophical concept that non-concrete (abstractentitiessuch as numbers and mathematical objects have an existence independent of the human mind which conceives them. And that the knowledge classifications and other such taxonomic schemes are not arbitrary. Opposite of nominalism.

Some really quotable quotes:

“I would never write realistic prose. I don’t like people who try to write in a poetic style, but in the course of their book abandon it for realism, and weave back and forth like drunkards between the surreal and the real.”

Marguerite Youn
Read more at:http://www.brainyquote.com/quotes/keywords/realism_5.html


“Realism can break a writer’s heart.”
Salman Rushdie, Shame

True realism consists in revealing the surprising things which habit keeps covered and prevents us from seeing. Jean Cocteau
Read more at:http://www.brainyquote.com/quotes/quotes/j/jeancoctea142007.html?src=t_realism

“Doubt is a question mark; faith is an exclamation point. The most compelling, believable, realistic stories have included them both.”

Criss Jami, Killosophy

Realism is a bad word. In a sense everything is realistic. I see no line between the imaginary and the real. Federico Fellini
Read more at:http://www.brainyquote.com/quotes/keywords/realism.html

It’s time to bury the unreal, failed ‘realism’ of those who have long thought that dictators brought stability. Elliott Abrams
Read more at:http://www.brainyquote.com/quotes/quotes/e/elliottabr641335.html?src=t_realism

Idealism is like a castle in the air if it is not based on a solid foundation of social and political realism. Claude McKay
Read more at:http://www.brainyquote.com/quotes/keywords/realism.html

Too Controversial? Well, C Suite Member – you have understood Realism ! 

Dhananjay Parkhe

Importance of business ethics

Importance of Business Ethics

Ethics in business are not only common sense, but business sense as well, no matter if you run a huge corporation or a little home business from your garage. 
Some people raise hell when they get bad service or are overcharged for a product. But the vast majority of people are too busy or too tired to make a scene or write letters of complaint. This majority of customers just make a quiet mental note of what a useless business you have, and vow to never go back there, and they usually don’t. These days of online shopping and delivery to your doorstep services, it’s really easy to find an alternative supplier. 
So honesty and respect really do pay in the business world, especially in the long term. Many hot shot whizz kids have made their fortune by partially ignoring business ethics and honesty, and this was one of the main contributing factors to the latest recession we are presently enduring. Bad ethics and dishonesty, greed and rudeness do not help a business at all, and the business will collapse when the customers all go elsewhere, or when the whizz kid crookedness is found out and punished. 
It doesn’t take a rocket scientist to work these simple principles out. So why do highly educated professionals and seasoned businessmen and entrepreneurs make the mistake of forgetting business ethics? It requires the courage of your convictions and a good moral base in the individuals. Dishonesty does give you cash in the short term, much like sawing off the branch that you are sitting on gives you timber for a short time. So it will always be a temptation to those with weak morals coupled with financial pressure. In many cases it takes raw courage to be honest, but out of the troubles that businesses go through, its reputation grows, and businesses with good reputations are successful businesses. Naturally, you still need a good business plan and a hungry market, as well as ethics, to be successful. But good ethics are vital to keeping you successful. 
Business ethics that are important are: 
1. Charge the customer a fair price. Don’t be greedy. 
2. Treat the customer with respect, as though he is better than you. 
3. Do not purposely sell the customer defective items or advice, or anything that is harmful or unsafe. 
4. Always tell the customer the truth.
5. Treat your staffs like you treat yourself, or better. Be kind and generous to your staff. 
6. Pay your suppliers promptly. 
Ethics do take courage, and hard work. But they are worth it. And they are good business sense too. 
Commercial aspirations have never accepted any constraints and so are about the corporate. Money spinning is something that is more about the reward than the ethics. Yet somewhere there has to be a balance between the two. It is this very juncture where the critical negative of capitalism lies. The challenge can be how to incorporate social responsibility with lucrative demeanor. Though a company is committed to the highest standards of social and business practices, it takes an effort to establish and to maintain them. The delivery of success to the clientele results from the efforts of an organization’s people – it is their resourcefulness, professionalism and dedication that give the company its leading edge as one of the forerunners in the respective industry. Just to ensure all this, the directors and employees are expected to observe the highest standards of integrity in the conduct of business. 
Coming back to the topic to be discussed, ethics is not the same as self-interest however entrepreneurs often want to ensure that it is the same. They want to ascertain that “one can do well by doing well,” meaning that one can succeed in business by being ethical. There is no denying that one can often do well by doing good. A company with a code of business ethics is more likely to build a good reputation, which is more likely to bring financial rewards over a period but good behavior cannot be grounded in tangible reward alone. People who are interested only in reward will conduct business ethically when it suits their purpose but they will go astray whenever the incentives diminish. There is a profound confusion here too. To look to ethics for motivation is to misunderstand what ethics is all about. It is like studying finance to find a reason to make money. 
Finance does not teach one to want to be rich. It teaches one how to be rich, assuming one wants to be rich. So it is with ethics. Ethics teaches one how to be good, assuming one wants to be good. It is important to know that one can normally do well by doing well. Otherwise ethical people could go into business only with a high risk of failure. Business ethics, however, addresses the opposite question: how can one do well by doing well? It begins with the premise that enterprises want to do something good with their lives and investigates how to accomplish this through business. In other words, it treats profit and business success as means to a greater end, while in the hind side making the world a little better. Ethics are a set of moral principles which are recognized in respect to a particular class of human actions or a particular group, for instance the medical ethics, legal ethics, teaching ethics that brings together people of the same profession. 
These principles deal with values relating to human conduct with respect to concepts such as being good or bad, noble or ignoble, right or wrong etc. These values guide members of a group to act in a manner that is consistent with the values and standards as established. Business ethics are those virtues that business people apply when making business decisions. They are the standards expected within the business world, even if they are not written down and which business people ought to adopt. For instance business people are expected to afflict least suffering to their customers, being fair in their dealings and nurturing an enduring virtuous corporate character in totality. 
Business ethics are important because they keep business people to operate within a moral and legal pedestal which not only leaves them satisfied internally but also increases sales because most people like dealing or doing business with honest businessmen. Also if the public or your potential customers perceive you to be engaging in improper business deals, they will shun you. 
Good business ethics should be embraced by all businessmen because engaging in unethical practices, which may include breaking the law, may lead to heavy fines or lack of trust by members of the public. Some of the business ethics include the following: 
1. being trustful by recognizing that customer is the king. Customers want to do business with companies they trust and which they perceive to be showing them respect. When a business entity is trusted, it creates a loyal clientele. 
2. Business people should be ready to meet the obligations of their customers and business partners regardless of anything else. Business people should offer their end of the bargain at all cost because this is the only way to cement customer and business partner’s loyalty. 
3. Engaging in fair trading practices like guaranteeing a safe workplace for your employees, fair pricing for your products, that will at least cover the cost of production and treating you customers well among others will guarantee a high business turnover. 
4. Every businessman wakes up every day with the intent to make profit. When a business operates within ethical realms, there will always be clear indications for growth. Equally, a business needs to make profit so as to meet its ethical obligations to the company, its employees, the authorities and customers. 
5. In essence, being ethical as a business person builds the image of reliability and establishes reputation with your customers, the two things that are very important to a business. 
Most business people do not take a keen interest in implementing business ethics. Most of them think that making profit is the most important thing but as they realize later, no matter how hard they try, they do not achieve their objectives.

HR Headlines courtesy: naukri.com

Hiring sentiments up by 3% in July 2016 over July 2015, reports Naukri Job Speak
Naukri Job Speak Index for the month of July 2016 stood at 1882 recording a 3% increase in hiring activity over July 2015. ITES recorded an impressive 46% Y-O-Y growth, Healthcare is up by 23% followed by Auto/ Auto Ancillary at 17% whereas IT-Software and Telecom reported 21% and 32% decline respectively in the July’16 index. Demand for professionals in ITES has grown remarkably, whereas, IT-Software and IT-Hardware showed downward movement of 14% and 15% respectively. Among the metros, Chennai is the only city which witnessed an upward movement of 7% in July’16 index. Whereas, cities like Delhi/NCR, Mumbai, Pune, Bangalore and Hyderabad recorded decline respectively in the Y-O-Y chart of Naukri Job Speak Index for the month of July 2016.
Source : 16-08-16   Naukri.com   Compiled by www.naukri.com
Amazon Veteran Mr. Raghu Lakkapragada joins Voonik as COO
India’s fastest growing fashion marketplace Voonik has announced the appointment of Mr. Raghu Lakkapragada as its Chief Operating Officer. This is second senior appointment announcement coming from Voonik within a month, after the appointment of Mr.Prabhakar Sunder, former Finance Head of Myntra, as CFO. Voonik is ramping up its top-management hiring to help transform the company from a start-up to a mature organization. Voonik has also brought in experienced leaders in areas such as quality control and risk management. Mr. Raghu Lakkapragada, an Amazon veteran with 11 years of Amazon stint, built the seller-fulfilled business for Amazon India from the ground up. As COO, he will ensure that the delivery, seller and customer experience of Voonik are exceeding the Amazon bar. “Since Voonik doesn’t do its own fulfilment, our model is similar to the seller-fulfilled business of Amazon India. Mr. Raghu Lakkapragada built this for Amazon India from the ground up and scaled it to millions of shipments,” said CEO and Founder Voonik, Mr. Sujayath Ali. “Armed with this experience, he as Voonik COO will help us take our customer and seller experience to the next level. Mr. Raghu Lakkapragada commented on his new role, “I’m delighted to join Voonik. The company has made its mark in the industry in a very short span of time. I am excited to begin my journey.
Source : 16-08-16   Business-standard.com   Compiled by www.naukri.com
IITs to blacklist 20 startups this placement season, Flipkart could be let off with warning
With many companies having reneged on offers made to graduating students last year, the Indian Institutes of Technology (IITs) are now looking to blacklist about 20 startups and e-commerce companies this placement season. Moreover, a warning letter will be issued to companies that postpone the date of joining, changed job profiles or altered salary terms. E-commerce giant Flipkart, which blew up a storm after it postponed the joining dates for its fresh recruits on account of restructuring, could be let off with a warning letter for its decision last year. “Flipkart does not figure in the list of startups that would face a blanket ban as it did not completely withdraw the offers,” said All-IIT Placement Committee (AIPC) convenor Mr. Kaustubha Mohanty. Mr. Mohanty further added that that the ban on Zomato will continue for a second year. Meanwhile, the IITs will draw up the list in about two weeks, it was decided at the AIPC meeting at IIT Kanpur, where twelve IITs were present to discuss placements for 2017. Mr. ¬Mohanty refused to mention the details of the companies which are likely to be blacklisted. It was also decided in the meeting that the startups would be classified into three categories – those that deferred placements, those that cut pay or changed job profiles and those that withdrew offers.
Source : 16-08-16   Indiatvnews.com   Compiled by www.naukri.com
3,000 Infosys employees to lose jobs post RBS contract loss
IT firm Infosys is set to take a hit after the Royal Bank of Scotland said it has cancelled its plan to separate and list a new standalone bank, Williams & Glyn (W&G), and instead will pursue other options for the divestment of this business. The bank had awarded a five-year 300 million Euro IT contract to Infosys and IBM for W&G. The move is likely to hit 3,000 Infosys employees and impact revenues for the year by about $40 million to $50 million, media reports said. In 2013, Infosys won the contract to develop applications for W&G, a bank planned to be set up in the UK. “Infosys has been a W&G program technology partner for Consulting, Application Delivery and Testing services, and subsequent to this decision, will carry out an orderly ramp-down of about 3,000 persons, primarily in India, over the next few months,” Infosys said in a statement. “RBS is a key relationship for Infosys and the company looks forward to further strengthening our strategic partnership and working with them across other strategic and transformation programmes,” the Indian IT firm added.
Source : 16-08-16   Businesstoday.in   Compiled by www.naukri.com
Uber Is Boosting India Operations with these new Hires
With China no longer a concern, India is the next challenge for Uber. The San Francisco-based ride-hailing giant has already hired three new executives in India in the past couple of months. The new hires arrive at a critical time as Uber is presumably redoubling its efforts in India against local rival Ola. Mr. Apurva Dalal joined last month as to head Uber’s local engineering team based in Bengaluru. He was previously the technology chief of Urban Ladder and Komli, and worked for Google both in California and India prior to that. Uber has hired Mr. Mahesh Bhalla in May to run its business development in the region. Mr. Bhalla was previously president of Qwikcilver, a digital gift card company. Between 2000 and 2014, he worked first at Samsung’s Indian division, then Dell, where he spent more than 10 years where he was the executive director for consumer, and small business products in India. Mr. Abhishek Mahapatra also joined in July, and heads Uber’s communications team in India after years in the car industry. He came from Ford Motor, where he worked in the company’s Shanghai and Delhi offices, and has also worked for Hyundai in 2005.
Source : 15-08-16   Fortune.com   Compiled by www.naukri.com
Citigroup executive Mr. Madhur Deora may be headed for Paytm as CFO
One97 Communications Ltd, which owns and operates online payments platform Paytm, is in advance talks to hire Citigroup senior executive Mr. Madhur Deora as its chief financial officer, according to two people close to the development. Mr. Deora, who is currently serving Citi’s investment banking business as the managing director, is likely to join Paytm by October, said the people mentioned above on conditions of anonymity. Mr. Deora has more than 17 years of experience working with Citigroup’s investment banking division and is distinctively known for helping Just Dial with its IPO in 2013. Mr. Deora also led the fund raising discussions for Paytm with Alibaba in 2015. In early 2015, Chinese e-commerce giant Alibaba Group, through its affiliate Ant Financial bought a 26% stake in Paytm by pumping in close to $575 million. Mr. Deora, 38, studied Economics at Wharton and from there joined Salmon Smith Barney, which was later acquired by Citicorp to form Citibank.
Source : 16-08-16   Livemint.com   Compiled by www.naukri.com
Ola shuts down TaxiForSure business; lays off 700 employees
India’s largest taxi aggregator, Ola, has shut down its TaxiForSure (TFS) business and has laid off 700 employees in the process, as it looks to consolidate its presence and reduce cash burn to fend off an attack from Uber. Ola had acquired smaller rival TFS in March 2015 for $200 million to help it maintain market leadership against Uber. While Ola had said it would maintain TaxiForSure as an independent entity, the company soon began moving drivers from TFS to its own platform. While the TFS Android app was still functional, apart from the Ola Micro category, which the company cross-sells, no cabs were available in the Nano, Hatchback and Sedan categories. Since the acquisition, Ola has been pursuing drivers on TFS to join its own platform. Apart from cross-selling cabs on both platforms, Ola did not go in for larger integration of the two services, picking its own technology as the successor. With the lack of any sort of autonomy, TFS saw a slew of senior level exits, including that of CEO Mr. Arvind Singhal. Moreover, disconnect between the two companies was evident, with Ola failing to report driver and cab numbers from TaxiForSure, and shutting off the company from interactions with the press a little while after the merger, despite claiming that TFS was being marketed as a more affordable cab solution. According to reports, the layoffs alone will help Ola save on Rs 30 crore in salaries every month.
Source : 17-08-16   Business-standard.com   Compiled by www.naukri.com
7th Pay Commission: Government employees to be paid allowances before Dussehra
This festive season for central government employees will come with an enhanced bonanza, as the government is set to upgrade and implement their allowances as per the recommendations of 7th Pay Commission. The High Level Committee formed by the Finance Ministry was provided time till November to analyse the various anomalies in allowance hike as recommended by the 7th Pay Commission. However, sources within the Finance Ministry have confirmed that the allowances will be fixed by the next month, and government would credit the salaries of government employees ahead of Dussehra. The High Level Committee, comprising of Health, Defence and Home Secretaries, was formed after several employee unions protested against the radical changes in terms of allowances proposed by the Justice AK Mathur-led 7th Pay Commission panel. The committee has also been entrusted with the responsibility of analysing the demand of National Joint Action Committee (NJAC) which wants the minimum salary be scaled up to Rs 26,000, rather than Rs 18,000, which has been currently proposed. As per the pay matrix of 6th Pay Commission, government employees were beneficiaries of a total of 196 allowances.
Source : 12-08-16   India.com   Compiled by www.naukri.com
Fathers can also avail crèches at work
The new maternity benefits law that will be taken up by the Lok Sabha in the winter session, also empowers fathers to take their children to crèches at their workplace and makes it mandatory for firms with 50 or more employees to offer this facility. Union Labour and Employment Minister Mr. Bandaru Dattatreya said the Bill that was passed by the Rajya Sabha couldn’t secure the Lok Sabha’s nod though the ministry had requested its consideration. The higher maternity leave benefits now envisaged are only expected to kick in by January 2017, officials said. While the Bill doesn’t have any paternity leave prescription, a point flagged by several women parliamentarians in the Rajya Sabha, it enhances the paid maternity leave that new mothers can avail from 12 weeks to 26 weeks. Moreover, it has a provision to encourage firms to allow women employees to work from home after 26 weeks of leave, and forbids employers from dismissing women employees from service during this period, even on disciplinary grounds. “The maternity leave is being raised to ensure that child gets proper nutrition and grows healthily… paternity leave is not relevant here as fathers can’t breast-feed babies,” Union Labour Secretary Mr.Shankar Agarwal said to a query about why paternity benefits haven’t been enshrined in the proposed law. “The number of working women in India is very low and we hope this will encourage more women to take up jobs and participate in the national economic growth,” Mr Dattatreya said.
Source : 13-08-16   Thehindu.com   Compiled by www.naukri.com
RBI Governor Mr. Raghuram Rajan calls for revamp of bank management structures
RBI Governor Mr. Raghuram Rajan said that management in banks should be revamped and performance-based incentives should be introduced into the country’s banking sector. Mr. Rajan while speaking at FICCI-IBA Annual Global Banking Conference held in Mumbai suggested that simultaneous action on two fronts – a creative search for new management teams, including the possible use of public sector firms or private sector agents, as also well-structured performance incentives such as bonuses for meeting cash flow/profit benchmarks and stock options are needed. A parallel task for public sector banks was to improve the governance and management, he further said. He suggested that as the Bank Board Bureau (BBB) gains experience in appointment process, the final decision relating to appointments of executives and of non-official directors on bank boards should be left to it. “It was also important, in his view, to streamline and reduce the overlaps between the jurisdictions of the authorities, and specify clear triggers or situations where one authority’s oversight is invoked and move much of the governance to the bank’s board,” RBI said in press release quoting Mr. Rajan as saying. In order to encourage healthy competition among public sector banks, private sector banks and other financial institutions Mr.Rajan said that central bank and the Government should reduce the differences in regulatory treatment given to both sector banks and other financial institutions.
Source : 16-08-16   Zeebiz.com   Compiled by www.naukri.com
Cisco Systems to lay off about 14,000 employees: CRN
Cisco Systems Inc is laying off about 14,000 employees, representing nearly 20 percent of the network equipment maker’s global workforce, technology news site CRN reported, citing sources close to the company. San Jose, California-based Cisco is expected to announce the cuts within the next few weeks, the report said, as the company transition from its hardware roots into a software-centric organization. Apart from Cisco, two other big software companies, Microsoft Corp and HP Inc, have also announced job cuts this year. Microsoft said in July that it would lay off about 2,850 jobs over the next 12 months, taking its total planned job cuts to up to 4,700, or about 4 percent of its workforce. HP Inc said in February it would cut about 3,000 jobs by the end of fiscal 2016. Cisco, which had more than 70,000 employees as ofApril 30, declined to comment. Cisco increasingly requires “different skill sets” for the “software-defined future” than it did in the past, as it pushes to capture a higher share of the addressable market and aims to boost its margins, the CRN report said citing a source familiar with the situation.
Source : 16-08-16   Reuters.com   Compiled by www.naukri.com
Mr. Sunil Munjal ceases to be promoter of Hero MotoCorp
Hero MotoCorp, the world’s largest two-wheeler manufacturer said that Mr. Sunil Kant Munjal has ceased to be a promoter of the company after his tenure as Joint Managing Director ended on August 16. However, he will continue to hold 32,500 shares, 0.02 per cent of the paid-up capital, as an individual shareholder. “We have received a communication from the individual promoters of the company stating that pursuant to the aforesaid realignment, Mr. Sunil Kant Munjal will henceforth, not be classified as a ‘promoter’ of the company,” the company said. It further said: “However, Mr. Sunil Kant Munjal will continue to hold 32,500 equity shares of the company representing 0.02 per cent of the issued and paid up share capital of the company in his individual capacity.” Hero MotoCorp had last month announced that Mr. Sunil Munjal will step down from the board of the company when his tenure as Joint Managing Director ends on August 16.”The members of the BML Munjal family have decided to realign their businesses to achieve future growth and expansion. Mr. Sunil Kant Munjal, Joint Managing Director, Hero MotoCorp, and Chairman, Hero Corporate Service, intends to focus his time and energy on his independent and core businesses, and to pursue new business interests,” the company had informed in a BSE filing. Hero MotoCorp had said the realignment would not impact the overall promoter shareholding, strategic direction or operational management of the company.
Source : 17-08-16   Business-standard.com   Compiled by www.naukri.com
UK employers scale back hiring plans after Brexit vote: Survey
British employers have turned more cautious about hiring and are less likely to invest in training for their workers following the decision in June by voters to leave the European Union, as per a survey. The proportion of employers expecting to increase staffing over the next three months dropped from 40 percent before the referendum to 36 percent after it, according to the CIPD, an organisation representing human resources professionals, and staffing firm Adecco Group UK & Ireland. One in five employers expected to reduce investment in training and skills as a result of Brexit and the subsequent fall in the value of the pound which will push up the cost of imports. Seven percent planned to invest more. “While many businesses are treating the immediate post-Brexit period as `business as usual` and hiring intentions overall still remain positive, there are signs that some organisations, particularly in the private sector, are preparing to batten down the hatches,” CIPD acting chief economist Mr. Ian Brinkley said. Most employers said it was too soon to say if their migrant workers would leave Britain as a result of Brexit, but one in five thought that some were considering moving away from the country over the next 12 months. Most economists believe Britain is heading for a recession followed by a period of slow growth because of uncertainty about the country`s future trading relationship with the EU. Earlier this month, the Bank of England cut interest rates and took other measures to try to offset the Brexit shock to the economy.
Source : 15-08-16   Zeenews.india.com   Compiled by www.naukri.com
Ex-Rovio CEO hired to bring Nokia phones back to market
HMD Global Oy, a new Finnish company looking to relaunch the Nokia brand for phones, said it has hired Mr. Pekka Rantala, the former CEO of Angry Birds maker Rovio, as its Chief Marketing Officer. Nokia, once the world’s biggest maker of mobile phones, said in May it had signed an exclusive licensing deal with HMD to bring Nokia-branded devices back to the market. A Nokia veteran, Mr. Rantala worked for the company from 1994 to 2011. He joined Rovio as CEO in 2015 but stepped down after only a year in the job after imposing deep job cuts and restructuring. Nokia was wrong footed by the rise of smartphones and eclipsed by Apple and Samsung. It sold its entire handset business to Microsoft Corp in 2014 and now focuses on telecoms network equipment. Microsoft has largely abandoned the business it acquired since then. HMD’s Nokia-branded phones and tablets run on the Android operating system. The devices will be manufactured and distributed by FIH Mobile, a subsidiary of Foxconn Technology. It is yet to give any timetable for the products.
Source : 15-08-16   Reuters.com   Compiled by www.naukri.com
Maruti Suzuki steps up hiring of contract workers
Maruti Suzuki India Ltd, which said after a violent protest at its Manesar factory in 2012 that it would not hire contract workers for production jobs, has continued to do so. The car maker now offers them more benefits than it used to. It also calls them differently—Company Temps, according to a spokesperson—and not contract workers. They are also hired directly by the company and not through agents. They may be getting more benefits, such as free meals, insurance and provident fund, than in the past, but these workers continue to be paid a lot less than permanent employees for what is sometimes the same job. The current salary of a temporary worker at Maruti is around Rs.17, 000 per month; a permanent employee’s pay varies between Rs.17, 000 and Rs.50, 000 depending on work experience, according to Mr. Kuldeep Janghu, general secretary, Maruti Udyog Kamgar Union. The fact that they are temporary workers means they do not have the protection offered by Indian labour laws, although some experts argue that it is the very rigidity of those laws that force companies such as Maruti to hire contract workers and not permanent ones. The number of contract workers at India’s largest carmaker increased by 61.5% between 2013-14 and 2015-16. Maruti had 10,626 contract workers, 13,259 permanent workers and 1,276 apprentices as of31 March. The total workforce at India’s largest carmaker increased 24.41% to 25,161 during the period, according to the company’s annual report.
Source : 17-08-16   Livemint.com   Compiled by www.naukri.com

#19 in Suitism is Rationalism

 Rationalism, in Western philosophy, the view that regardsreason as the chief source and test of knowledge. Holding thatreality itself has an inherently logical structure, the rationalist asserts that a class of truths exists that the intellect can grasp directly. There are, according to the rationalists, certain rational principles—especially in logic and mathematics, and even in ethics and metaphysics—that are so fundamental that to deny them is to fall into contradiction. The rationalists’ confidence in reason and proof tends, therefore, to detract from their respect for other ways of knowing.

Rationalism is the enemy of art, though necessary as a basis for architecture. Arthur Erickson
Read more at:http://www.brainyquote.com/quotes/keywords/rationalism.html

Rationalism has long been the rival of empiricism, the doctrine that all knowledge  comes from, and must be tested by, sense experience. As against this doctrine, rationalism holds reason to be a faculty that can lay hold of truths beyond the reach of sense perception, both in certainty and generality. In stressing the existence of a “natural light,” rationalism has also been the rival of systems claiming esoteric knowledge, whether from mystical experience, revelation, orintuition, and has been opposed to variousirrationalisms that tend to stress the biological, the emotional or volitional, the unconscious, or the existential at the expense of the rational.

Rationalism originates from Rational

Three Definitions

1.Behavior guided more by conscious reasoning than by experience, and not adversely affected by emotions.

2.Thinking process that employs logical, objective, and systematic methods in reaching a conclusion or solving a problem.

3.Person who is not mentally imbalanced or under the sway of overpowering emotions, can draw logical inferences, and is capable of normal mental process of weighing pros and cons of an action, choice, or decision. Opposite of insane. See alsoReasonable.

A C Suite Member IMHO is a Reasonble, Rational person and I believe that he/she is influenced by the third definition: “3.Person who is not mentally imbalanced or under the sway of overpowering emotions, can draw logical inferences, and is capable of normal mental process of weighing pros and cons of anaction, choice, or decision. Opposite of insane.”

Dhananjay Parkhe

Does the HR definition still holds good?

TERM OF THE DAY AUGUST 16, 2016
human resources
f   t
The division of a company that is focused on activities relating to employees. These activities normally include recruiting and hiring of new employees, orientation andtraining of current employees, employee benefits, and retention. Formerly calledpersonnel.
Read more

 

USAGE EXAMPLE
When I got my new job, I had to report to the human resources department for new worker orientation and to set up my tax information.
I subscribe to different newsletters.  I found this definition / Term of the Day for HR interesting.  Has HR evolved to have new definitions / does still fulfill the definition mentioned above/ Has HR completely transformed and moved ahead?
I am wondering.

Lighthouses, Sailboats, Sea and Landscapes

I am fascinated most by the Light houses and Sailboats. I also love Sea and Landscape.  I like to do a painting of all of them and have done several.

The fact that several of the light houses were built with Man’s grit and determination and are still sustaining is always a wonder to me.  While Sailboats are becoming antique but some of the sailors still replicate the Sail in their small boats and that is fascinating.

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Requested Ministry-wise PIB releases

Requested Ministry-wise PIB releases

#18 in C-Suitism is Positivism

#18 in C-Suitism is Positivism

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Every one knows what Positivism is- what is B+ve, What is tough minded optimism, What is Positive Thinking Ain’t it?

Definition or Positivism :
A Concept that only scientific knowledge is the true knowledge of the world perceived through senses (the observable phenomenon). It is actually an extension of empiricism, and although it traces its roots to the UK philosopher Francis Bacon (1561-1626), it was popularized by the French philosopher Auguste Comte (1798-1857).

Read more: http://www.businessdictionary.com/definition/positivism.html

Examples for using Positivism for the C Suite Member:

Use positivism in a sentence:

  • Clearly if the industrial experiment lab places the large pile of rocks below the tennis ball sitting on a spring scale, the positivism can be seen in the proof of subtle mass change from the gravitational pull.
  • It is better to take a positivism approach to important business decisions that relies around many facts and data gathered.
  • You may want to take a positivism approach to your decisions and not get caught up in going with your gut feelings.

Read more:http://www.businessdictionary.com/definition/positivism.html

And some great quotable quotes:

“The sacred formula of positivism: love as a principle, the order as a foundation, and progress as a goal.”
Auguste Comte

“From the study of the development of human intelligence, in all directions, and through all times, the discovery arises of a great fundamental law, to which it is necessarily subject, and which has a solid foundation of proof, both in the facts of our organization and in our historical experience. The law is this: that each of our leading conceptions — each branch of our knowledge — passes successively through three different theoretical conditions: the theological, or fictitious; the metaphysical, or abstract; and the scientific, or positive. In other words, the human mind, by its nature, employs in its progress three methods of philosophizing, the character of which is essentially different, and even radically opposed: namely, the theological method, the metaphysical, and the positive. Hence arise three philosophies, or general systems of conceptions on the aggregate of phenomena, each of which excludes the others. The first is the necessary point of departure of the human understanding, and the third is its fixed and definitive state. The second is merely a state of transition.”
Auguste Comte, Cours de philosophie positive

Positivist man is a curious creature who dwells in the tiny island of light composed of what he finds scientifically “meaningful,” while the whole surrounding area in which ordinary men live from day to day and have their dealings with other men is consigned to the outer darkness of the “meaningless.” Positivism has simply accepted the fractured being of modern man and erected a philosophy to intensify it.

Existentialism, whether successfully or not, has attempted instead to gather all the elements of human reality into a total picture of man. Positivist man and Existentialist man are no doubt offspring of the same parent epoch, but, somewhat as Cain and Abel were, the brothers are divided unalterably by temperament and the initial choice they make of their own being.”
William Barrett, Irrational Man: A Study in Existential Philosophy

POSITIVISM-

A philosophy that denies our knowledge of the Real and affirms our ignorance of the Apparent. Its longest exponent is Comte, its broadest Mill and its thickest Spencer.

Ambrose Bierce

Never indulge in people who follow a negative path because they will take you with them on the road of ruin. Show them the way to positivism even if there’s a risk of losing their friendship.

Siddharth Katragadda

I am not a positivist. Positivism states that what cannot be observed does not exist. This conception is scientifically indefensible, for it is impossible to make valid affirmations of what people ‘can’ or ‘cannot’ observe. One would have to say ‘only what we observe exists,’ which is obviously false.

Albert Einstein

Positivism eliminates any kind of natural law principle – for example, that there are economic laws which can be transgressed only at your peril. With positivism, there is a tendency to leap into ad hoc economic theory.

Murray Rothbard

#17 in C-Suitism is Nihilism

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The rejection of all religious and moral principles, often in the belief that life is meaningless. The doctrine of an extreme Russian revolutionary party circa1900 which found nothing to approve of in the established social order.

Nietzsche : Friedrich Wilhelm Nietzsche

Philosophy of Friedrich Nietzsche

Nihilism is often associated with the German philosopherFriedrich Nietzsche, who provided a detailed diagnosis of nihilism as a widespread phenomenon of Western culture. Though the notion appears frequently throughout Nietzsche’s work, he uses the term in a variety of ways, with different meanings and connotations. Karen Carr describes Nietzsche’s characterization of nihilism “as a condition of tension, as a disproportion between what we want to value (or need) and how the world appears to operate.” When we find out that the world does not possess the objective value or meaning that we want it to have or have long since believed it to have, we find ourselves in a crisis. Nietzsche asserts that with the decline of Christianity and the rise of physiological decadence, nihilism is in fact characteristic of the modern age,[26] though he implies that the rise of nihilism is still incomplete and that it has yet to be overcome. Though the problem of nihilism becomes especially explicit in Nietzsche’s notebooks(published posthumously), it is mentioned repeatedly in his published works and is closely connected to many of the problems mentioned there.

Nietzsche characterized nihilism as emptying the world and especially human existence of meaning, purpose, comprehensible truth, or essential value. This observation stems in part from Nietzsche’s perspectivism, or his notion that “knowledge” is always by someone of some thing: it is always bound by perspective, and it is never mere fact.

Rather, there are interpretations through which we understand the world and give it meaning. Interpreting is something we can not go without; in fact, it is something weneed.

One way of interpreting the world is through morality, as one of the fundamental ways that people make sense of the world, especially in regard to their own thoughts and actions.

Nietzsche distinguishes a morality that is strong or healthy, meaning that the person in question is aware that he constructs it himself, from weak morality, where the interpretation is projected on to something external.

Regardless of its strength, morality presents us with meaning, whether this is created or ‘implanted,’ which helps us get through life.

Sharing some useful Quotes:

My grandfather was a practising Quaker. My father was a nihilist. But nihilism, if you like, is the beginning of faith anyway. Sebastian Horsley
Read more at:http://www.brainyquote.com/quotes/keywords/nihilism.html

Liberal capitalism is not at all the Good of humanity. Quite the contrary; it is the vehicle of savage, destructive nihilism.Alain Badiou
Read more at:http://www.brainyquote.com/quotes/keywords/nihilism.html

Nihilism in American comedy came along way before ‘The Simpsons.’ There was a fairly nihilistic point of view to ‘Saturday Night Live,’ for instance, back in the beginning, and a lot of really dark comedy had a really anti-sentimental take on life. Matt Groening
Read more at:http://www.brainyquote.com/quotes/keywords/nihilism.html

“If we believe in nothing, if nothing has any meaning and if we can affirm no values whatsoever, then everything is possible and nothing has any importance.”
Albert Camus, The Rebel: An Essay on Man in Revolt

“Nihilism is a natural consequence of a culture (or civilization) ruled and regulated by categories that mask manipulation, mastery and domination of peoples and nature.”
Cornel West, The Cornel West Readertags: domination,nihilism, social-science

 

 

I found this picture/ quote series on the web about this interesting concept called Nihilism. A C Suite Member should be aware that there may be Nihilists in their Boards or they may be ‘invisible’ strong Influencers of important Board members who you may not fully understand.  By understanding the meanings of different ‘ism’s’ prevailing and important around you – I thought a C Suite Member will be wiser, better. 

1. If you get this, congratulations; you are an intelligent young man on the internet, and you are AWAKE.

2. Other people will never understand this. They’re just pigs eating whatever life drops in their trough. At least you know better, you twentysomething Caucasian male.

3. Chuck Palahniuk knows what it’s like to be the only smart young guy in the room. Too bad so many idiots think that Fight Club is just a movie about fighting.

4. You are probably in college. Your name is maybe Chris.

5. One day, you’ll move someplace where people aren’t so full of shit.

6. Not everyone understands that life is an endless, monotonous highway. But you and Canadian rocker Tom Cochrane do.

7. It doesn’t matter how “successful” each of us is in life. We’re all doomed to die. Why can’t anyone else see that?

And finally:
“Atheism, true ‘existential’ atheism burning with hatred of a seemingly unjust or unmerciful God, is a spiritual state; it is a real attempt to grapple with the true God.… Nietzsche, in calling himself Antichrist, proved thereby his intense hunger for Christ.”
Seraphim Rose, Nihilism: The Root of the Revolution of the Modern Age

Deep thinkers these. Writing in very abstract, difficult to understand language. And for us mortals in business it is not critical to go to the depths and understand these catch phrases and ism’s. C Suite Member would do well to know – however confusing it may seem, it is an ‘ism’ and it influenced many from the older generations – who may be in your board or may be influenced by them. Be aware. By understanding the core definition – you may simply say ‘ ‘Whlle I appreciate your right to a view and a freedom to express them Lets Agree to Disagree’. Being Firm and Polite always helps in the C Suite . 

Dhananjay Parkhe

Comparing economies: How is economic size measured and why does it matter?

Comparing economies: How is economic size measured and why does it matter?

How do we compare economies? GDP is generally measured in a country’s own currency, but for comparing economies, one must convert to a common measure. The choice of conversion factor can make a huge difference in our understanding of relative size.

Humankind’s effort to measure and compare dates back thousands of years, to the beginning of civilization. Methods of measurement have evolved and grown in sophistication—from the length of an arm or the weight of a sheaf of wheat to standardized systems of associating numbers with physical quantities. However, converting one system of measurement to another can still be a daily challenge—think of an American athlete adding weight plates in kilograms or a French chef converting tasse à café to in a traditional Japanese kitchen. With the effort to convert also comes the challenge of comparing. Nowhere can this be starker than in the measurement of the size of economies.

Generally, the most common measure of the size of national economies is gross domestic product (GDP)—defined as the sum total of all goods and services produced within the borders of a nation less the value of the goods and services used up in production. However, with each nation measuring GDP in its local currency, comparisons can become a challenge. This is why economists generally use market exchange rates to convert GDP measured in local currency units to GDP in US dollars. However, this method may not be an appropriate answer to all questions, particularly for questions related to the size of an economy. An alternative is to measure GDP in current international dollars. An international dollar is a unit of a hypothetical currency defined such that one international dollar purchases the same basket of goods and services in a cited country as one US dollar does in the United States.1 This concept can be useful because it ties GDP comparisons to purchasing power, which is why it is referred to as purchasing power parity (PPP).

These two methods of comparing economies can yield very different understanding of relative size, particularly in the case of developing nations where GDP conversions at market exchange rates is usually much lower than GDP in PPP terms.

Market exchange rate versus purchasing power parity

Market exchange rates are determined by the demand and supply of currencies in financial exchange markets. A range of factors such as macroeconomic fundamentals, inflation, interest rate differentials, and trade influence the supply and demand for currencies. Comparisons of GDP across countries is generally achieved by conversion to US dollars at the market exchange rate (usually an average rate over a period of time). For instance, assume the US dollar buys 65 Indian rupees (INR) on average through 2015. India’s nominal GDP in rupees would therefore be divided by 65 to arrive at a comparable dollar figure. However, USD 10 (INR 650) would take you roughly 4 kilometers (2.5 miles) in a New York taxi while the equivalent in Indian rupees would take you about 10 times the distance in Hyderabad (in a very fancy auto-rickshaw). Though the comparison is not between perfect substitutes, it implies that a dollar would probably buy much more in India than the official market exchange rate indicates.

On the other hand, the PPP exchange rate between two currencies is that rate at which both currencies buy the same quantity of goods and services in each country. Therefore, in PPP terms, a dollar would probably exchange for less than INR 65 (so that USD 10 takes you the same distance in New York and in Hyderabad). The most often used example to illustrate PPP exchange rates is the Big Mac index developed by the Economist magazine in 1986. In this instance, rather than a basket of goods it is the price of a single Big Mac produced across countries that is used to determine relative exchange rates. According to the index, a burger in India costs INR 127 (approximately USD 2) in comparison to approximately USD 5 in the United States.2 This implies an exchange rate of roughly INR 25 per USD, far stronger than the market rate of INR 65 per USD.3 Using a market basket of goods and services, the PPP exchange rate is even stronger—INR 17.1 per current international dollar in 2015.  This leads to a much higher estimate (3.8 times) of the size of India’s economy than does a market exchange rate.4 Much of the reason behind this mismatch is that PPP takes into account nontraded goods and services, such as movie tickets, taxi rides, and haircuts, which involve labor-intensive production techniques and lower wages in developing nations. Such goods and services escape inclusion in market exchange rates.

Which is the world’s largest economy?

Comparisons of relative GDP size can change dramatically depending on whether PPP or market exchange rates are used, particularly in developing economies. When market exchange rates are used, the United States is the world’s largest economy, with China coming in a distant second. In fact, the United States is more than one-and-a-half times the size of China. Similarly, using market exchange rates, India is a smaller economy than Japan, Germany, the United Kingdom, and France. Other emerging and developing economies also appear relatively smaller when local currency GDP is converted to US dollars using market exchange rates. Therefore, the weights assigned to emerging and developing economies in the calculation of global growth can be smaller when GDP is calculated by market exchange rate, potentially skewing global growth measurement and subsequent comparisons.

In PPP terms, China is the world’s largest economy, ahead of the United States, accounting for 17 percent of global GDP and 33 percent of the change in global GDP in current international dollars in 2015.5 Likewise, India leapfrogs to the third-largest economy in the world, accounting for 7 percent of global GDP and 14 percent of the change in global GDP in 2015.6The United States accounts for 16 percent of global GDP but just 14 percent of the change in global GDP in 2015 (same as India).7Indeed, emerging and developing economies as an aggregate assume much larger roles when measured in PPP terms, accounting for 56 percent of global GDP and 79 percent of global growth between 2010 and 2015.Measuring global growth by using PPP weights to calculate the contribution of emerging and developing economies incorporates the increasingly important role played by this aggregate in the world economy.

DUP_BTNJuly2016_Figure2

 

DUP_BTNJuly2016_Figure1

 

DUP_BTNJuly2016_Figure3

DUP_BTNJuly2016_Figure4

Advantages and drawbacks of the PPP alternative

One advantage of using PPP exchange rates to measure GDP is that PPP rates are relatively more stable than market exchange rates. Market exchange rates tend to be volatile especially when a currency is under speculative attack. Volatility in market exchange rates can cause significant shifts in GDP measurement. Another advantage is that PPP takes into account nontraded goods and services unlike market exchange rates. It could therefore be a more appropriate indicator of a national currency’s value within the nation’s borders. A difficulty though can be the formulation and tracking of a standard basket of goods and services across all countries—an extensive and tedious statistical challenge, affected by different factors in different countries.

Market exchange rates continue to be the method of choice when considering financial flows such as current account calculations. However, for questions related to size and contribution to global GDP and for comparing living standards across countries, the PPP method might just be the more appropriate approach. Matching method to question can influence everything from large-scale welfare programs and investment decisions of multinational companies to the travel plans of the globetrotter. Irrespective of the question, however, our measure of the size of an economy is still evolving and some of the shortfalls are becoming increasingly evident.

Endnotes

View all endnotes

  1. The World Bank, “What is an ‘international dollar’?,”https://datahelpdesk.worldbank.org/knowledgebase/articles/114944-what-is-an-international-dollar.View in article
  2. Economist, “The Big Mac Index,” January 7, 2016, http://www.economist.com/content/big-mac-index.View in article
  3. Ibid.View in article
  4. International Monetary Fund, World Economic Outlook database, April 2016,https://www.imf.org/external/pubs/ft/weo/2016/01/weodata/index.aspx; Deloitte Services LP economic analysis.View in article
  5. Ibid.View in article
  6. Ibid.View in article
  7. Ibid.View in article
  8. International Monetary Fund, “Chief economist interview: The global economy in 2016,” January 4, 2016,http://www.imf.org/external/pubs/ft/survey/so/2016/INT010416A.htm.View in article

Credits

Lester Gunnion

Lester Gunnion is an economist and a senior analyst at Deloitte Research, Deloitte Services LP.

Requested Ministry-wise PIB releases

 

Are you Digitally Distinct? I am :)

 

Online ID Calculator – Results


Note: You should see a chart above which plots your Online ID score. Having problems viewing the chart? Try viewing your chart here.

The graph above shows your Volume and Relevance of results and positions you in our Online ID four box model.

Volume and Relevance

Congratulations. You are digitally distinct!

This is the nirvana of online identity. A search of your name yields lots of results about you, and most, if not all, reinforce your unique personal brand. Keep up the good work, and remember that your Google results can change as fast as the weather in New England. So, regularly monitor your online identity. That way, if something negative, such as an anonymous ad hominem attack on your character on a blog, crops up, you can address it quickly, before it gets out of hand. Read Chapter 11 of Career Distinction: Stand Out by Building Your Brand for more ideas on how to continue to build your brand online.

I am digitally distinct! Visit onlineIDCalculator.com Grab the digitally distinct badge for your site or blog!

In addition to Volume and Relevance there are three additional measures: Purity, Diversity and Validation. Purity speaks to how many of the results are about you (not about someone else who has the same name). Diversity speaks to the multi-media aspect of the results (how much content displayed was in images or video, etc). Validation is about having others speak for you.

Purity

Your Purity Score is: High
This means you either have an uncommon name or you have done an excellent job building relevant, high ranking content on the World Wide Web. Bravo! There is a little more you can do, so create more relevant, high-ranking content.

Diversity

Your Diversity Score is: Stellar
Bravo! Your results include video, images and real-time content – perfection! Keep up the great work by continuing to post relevant images and videos at sites like Flickr (flickr.com) and YouTube (youtube.com) and continue to use Twitter (twitter.com) to connect with your brand community.

Common Name

You indicated that you have a common name. Please visit Vizibility (vizibility.com) to create a SearchMe™ button or link that instantly returns the search results you want others to see first. And know the keywords people will use to refine a search for you. Include those keywords in everything you post on the web.

Validation

Your Validation Score is: High

Bravo! You understand that building your brand involves both visibility and credibility. Your online profile contains feedback from others. That supports credibility and enables those who are researching you online to learn about you from the experience of others. Keep up the good work!

Questions? Comments? Need help? Contact support.

#16 in C-Suitism is Marxism

#16 in C-Suitism is Marxism

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 It was a favorite subject of every one of us in the Master of Applied Economics course and the Professor was a fan of Karl Marx, way back in ’74. Some of us were also fans of Socialism as propagated by Dr. Ram Manohar Lohia and some were die-hard RSS/ JanSangh fans.

What is Marxism : the political and economic theories of Karl Marx and Friedrich Engels, later developed by their followers to form the basis of communism.

The Definition

A system of economic, social, and political philosophy based on ideas that view social change in terms of economic factors. A central tenet is that the means of production is theeconomic base that influences or determines the political life.

Under Marxism, outdated class structures were supposed to be overthrown with force (revolution) instead of being replaced through patient modification. It held that as capitalism has succeeded feudalism, it too will be removed by a dictatorship of the workers (proletariat) called socialism, followed quickly and inevitably by a classless society which governs itself without a governing class or structure.

In a Global scenario, it is felt important for the C Suite Members to be aware of the Marxism/ Socialism which are still popular in many countries of the world.

BREAKING DOWN ‘Marxism’

Because Marxism encompasses social and political ideologies, it is often considered separate fromMarxian economics, which focuses on the criticisms of capitalism brought forth by Karl Marx in his 1867 book, “Das Kapital.”

Marx’s Views on Capitalism

Marx saw capitalism as one step in the historical progression of economic systems. According to Marx, the inherent inequalities of the capitalist economic system cause tensionsbetween business owners and workers. The resulting conflicts will eventually lead to a revolution in which capitalism is abolished. As a result of the revolution, Marx predicted that private ownership would be replaced by collective ownership.

Marx believed capitalism is grounded in commodities, which are things bought and sold. In Marx’s view, an employee’s labor is a form of commodity. However, since ordinary laborers do not own modes of production such as factories, buildings and materials, they have little power in the capitalist economic system. Workers are also readily replaceable in periods of high unemployment, further devaluing their perceived worth.

You may find some great Marxist Humor here.

And a collection of some great quotes on Marxism is below:

The ideas of the ruling class are in every epoch the ruling ideas, i.e., the class which is the ruling material force of society, is at the same time its ruling intellectual force. Karl Marx
Read more at:http://www.brainyquote.com/quotes/authors/k/karl_marx.html

This one is interesting:

The writer must earn money in order to be able to live and to write, but he must by no means live and write for the purpose of making money. Karl Marx Money, Purpose, Earn
Read more at:http://www.brainyquote.com/quotes/authors/k/karl_marx.html

And as student leaders this was favorite of some:

Let the ruling classes tremble at a communist revolution. The proletarians have nothing to lose but their chains. They have a world to win. Workingmen of all countries, unite! Karl Marx
Read more at:http://www.brainyquote.com/quotes/authors/k/karl_marx.html

Machines were, it may be said, the weapon employed by the capitalists to quell the revolt of specialized labor. Karl Marx
Read more at: http://www.brainyquote.com/quotes/authors/k/karl_marx.html

I hope you get the drift.

MHA Advisory about Flags – Independence Day

Press Information Bureau
Government of India
Ministry of Home Affairs
13-August-2016 19:24 IST

Avoid plastic made National Flag, display paper flags, dispose with dignity: MHA Advisory

Ahead of the Independence Day, the Ministry of Home Affairs has issued an Advisory to the Chief Secretaries / Administrators of all State Governments / UT Administrations, Secretaries of all Ministries / Departments of Govt. of India to ensure strict compliance of the provisions contained in the ‘Flag Code of India. 2002’ and ‘The Prevention of Insults to National Honour Act, 1971’. The Advisory directs that mass awareness programmes be carried out in this regard and also give wide publicity through advertisements in the electronic and print media.

The Advisory states that on important national, cultural and sports events, Flags made of paper only are used by public in terms of the provisions of the ‘Flag Code of India, 2002’ and such paper Flags are not discarded or thrown on the ground after the event. Such Flags are to be disposed of, in private, consistent with the dignity of the Flag. Wide publicity, for not using the National Flag made of plastic, should be made along with its advertisement in the electronic and print media.

Further, it has been brought to notice of the MHA that on important events the National Flags made of plastic are also being used in place of paper Flags. Since plastic flags are not biodegradable like paper flags, these do not get decomposed for a long time and ensuring appropriate disposal of National Flags made of plastic commensurate with dignity of the flag, is a practical problem. It may also be noted that as per Section 2 of ‘The Prevention of Insults to National Honour Act, 1971’- Whoever in any public place or in any other place within public view bums, mutilates, defaces, defiles, disfigures, destroys, tramples upon or otherwise shows disrespect to or brings into contempt (whether by words, either spoken or written, or by acts) the Indian National Flag or any part thereof, shall be punished with imprisonment for a term which may extend to three years or with fine, or with both.

The Advisory reiterates that the National Flag represents the hopes and aspirations of the people of our country and hence should occupy a position of honour. There is universal affection and respect for, and loyalty to, the National Flag. Yet, a perceptible lack of awareness is often noticed amongst people as well as organizations/agencies of the Government in regard to laws, practices and conventions that apply to display of the National Flag. A copy each of ‘The Prevention of Insults to National Honour Act, 1971’ and ‘Flag Code of India, 2002’ which governs display of National Flag, are available on the links below for strict compliance of the provisions contained in the Act and the Flag Code (copy also available on this Ministry’s website http://www.mha.nic.in).

Flag Code of India, 2002‘: http://mha.nic.in/sites/upload_files/mha/files/flagcodeofindia_070214.pdf

 

The Prevention of Insults to National Honour Act, 1971‘:

http://mha.nic.in/sites/upload_files/mha/files/pdf/Prevention_Insults_National_Honour_Act1971.pdf

This is the speech by PM Modi on Kashmir, PoK and Balochistan that has left Pakistan fuming

This is the speech by PM Modi on Kashmir, PoK and Balochistan that has left Pakistan fuming

Hard-hitting, blunt, historic, bold – call them anything, for PM Narendra Modi’s concluding remarks at the all-party meeting on Jammu & Kashmir, have left Pakistan fuming!

By: | New Delhi | Published: August 13, 2016 7:12 PM
Modi's mention of both PoK and Balochistan has evoked strong response, with Baloch leaders welcoming the support and urging PM to raise the issue in UN's session September. (Reuters)Modi’s mention of both PoK and Balochistan has evoked strong response, with Baloch leaders welcoming the support and urging PM to raise the issue in UN’s session September. (Reuters)

Hard-hitting, blunt, historic, bold – call them anything, for PM Narendra Modi’s concluding remarks at the all-party meeting on Jammu & Kashmir, have left Pakistan fuming! Stating that Pakistan-occupied Kashmir (PoK) is a part of the state of J&K, PM Modi said, “Today, when we talk of Jammu & Kashmir, we should talk about four parts of the State of Jammu & Kashmir: Jammu, Kashmir Valley, Ladakh, and Pakistan-occupied Kashmir.” “The fundamental reason for disturbances in Kashmir is cross-border terrorism promoted by our neighbouring country. Due to terrorism normal life in Kashmir Valley is affected,” the Prime Minister slammed. “…when weapons have been seized in such huge numbers, so many foreign terrorists have infiltrated to spread death and destruction, the world will never accept the false propaganda of Pakistan, even if it speaks a hundred thousand lies,” Modi added.

The Prime Minister also warned, “Pakistan forgets that it bombs its own citizens using fighter planes. The time has come when Pakistan shall have to answer to the world for the atrocities committed by it against people in Baluchistan and PoK.” Modi’s mention of both PoK and Balochistan has evoked strong response, with Baloch leaders welcoming the support and urging PM to raise the issue in UN’s session September. Modi’s comments also come at a time when Gilgit-Baltistan is on fire after massive protests erupted against a crackdown by Pakistan’s security forces. Gilgit-Baltistan is a part of Pakistan-occupied Kashmir (PoK). In case you missed it, here is the full text of PM Modi’s statements, as released by the Prime Minister’s Office:

I am very happy to note that all our colleagues have expressed one voice and one sentiment.

Today, when we talk of Jammu & Kashmir, we should talk about four parts of the State of Jammu & Kashmir: Jammu, Kashmir Valley, Ladakh, and Pakistan-occupied Kashmir.

I am thankful to leaders of all political parties for the concerns they have expressed about the current situation in parts of Jammu & Kashmir. The rich traditions nurtured by our democracy for last six decades have been the biggest strength of unity and integrity of our country. We may have some differences on some issues but when it comes to the integrity and sovereignty of the country, we all stand united.

Like every Indian, I have been deeply hurt by the recent incidents in Jammu & Kashmir. It is very sad to see that children are not able to study, apple produce is not able to reach the mandis, shopkeepers are not getting their daily income and Government offices are not able to work for the service of the people. The poor are the worst affected by this situation.

Our existence as political workers is on account of the people. They are our strength, our source of energy; In fact, people’s power is a vital part of our public life. Irrespective of whether a civilian or security force personnel is injured or killed, the pain is felt by all of us. I express deep sympathies to their families. We are committed to provide the best healthcare services to the injured; we want to restore peace in the Valley at the earliest possible so that people can lead their normal life, can earn their livelihoods, send their children to school and sleep peacefully at night.

We are committed to a permanent and peaceful solution to the issue of Jammu & Kashmir in accordance with the basic principles of the Constitution. We have an open mind and our doors are always open. We are committed to the welfare of every citizen of the entire State of Jammu & Kashmir. We have been following the path shown by Shri Atal Bihari Vajpayee ji to find a solution.

Jammu & Kashmir is often called the crown of India. In fact, Jammu & Kashmir is a symbol of the age old commitment of equanimity towards all creeds (sarv-panth sambhaav), where Hindus, Sikhs, Buddhists and Muslims have been living together for centuries. The state of Jammu & Kashmir is the symbol of our founding fathers’ faith which defines us as Indian in spite of our diversity. Jammu & Kashmir is not only a matter of our territorial integrity but also defines our nationhood. We cannot deny the fact that the security forces have suffered a lot of injuries; that they have been the target of planned attacks. Despite this, our security forces have shown restraint. Statistics reveal that security personnel have been injured in large numbers.

Despite false propaganda by certain elements in Kashmir, the percentage of those spreading confusion and unrest; and those instigating youth is very low. Every Kashmiri wants peace, has faith in Democracy. That is why, despite threats by separatist elements during every election, the Kashmiri people have expressed faith in the Indian democratic system in each election (festival of Indian democracy). Even just prior to the recent disturbances, high votes were cast in the constituency of Chief Minister Mehbooba ji. Therefore, to spread the myth that this is a public agitation is far from the truth.

In some areas certain restrictions were imposed in order to maintain law and order. This is an administrative way of maintaining law and order. Otherwise the lives of peace loving people will be affected adversely. In reality, a common man was not troubled as much by such restrictions, as he was troubled by continuous strikes declared by separatist elements.

During this period, the Amarnath Yatra proceeded smoothly. In addition, the State Government has taken up a number of initiatives on solar energy in the Ladakh region. The NEET, CET, and UPSC Civil Services Exams were organised as per schedule. All essential commodities were provided to citizens. We are now approaching the crucial season for tourism. The Apple crop will also be ready for harvest. This is of paramount importance for the livelihood of a common Kashmiri. Certain separatist elements are trying to take advantage of this time and disturb the peace in Kashmir, and unnecessarily disrupt the lives of peace-loving citizens.

The fundamental reason for disturbances in Kashmir is cross-border terrorism promoted by our neighbouring country. Due to terrorism normal life in Kashmir Valley is affected. Since the start of Terrorist activities in Kashmir in 1989-1990, in action by the Security Forces:

• More than 34,000 AK 47 Rifles were seized.

• More than 5000 Grenade launchers were seized.

• Around 90 LMGs were seized.

• More than 12,000 Revolvers were seized.

• 3 Anti Tank Guns and 4 Anti Aircraft Guns were seized.

• More than 350 Missile Launchers were seized.

• 63,000 kilograms of explosives including RDX and more than one lakh Grenades were seized.

• During this period more than 5,000 foreign terrorists were killed which is almost equal to the strength of 5 Battalions.

When weapons have been seized in such huge numbers, so many foreign terrorists have infiltrated to spread death and destruction, the world will never accept the false propaganda of Pakistan, even if it speaks a hundred thousand lies.

Pakistan forgets that it bombs its own citizens using fighter planes. The time has come when Pakistan shall have to answer to the world for the atrocities committed by it against people in Baluchistan and PoK.

We are fully committed to the fundamental rights of the people. Our anti-terror laws are more humane than those of any other democracy in the world. Our governments and our security forces have shown restraint in dealing with these incidents.

India will fight against terrorism with full might and resolve. This is our national duty. To consider India’s commitment to the Rule of Law, as a weakness, will be a mistake by our opponents. India is committed to end terrorism. For us, ‘means and ends’ are both important and we are sufficiently capable in both these regards.

It is also a fact that Kashmiri Pandits have been displaced from their centuries-old ancestral dwellings in Kashmir Valley. Such atrocity against a particular community is the misdeed of terrorists trained and armed with weapons by Pakistan, and their sympathizers. These can never be the deeds of those who believe in “Kashmiriyat.”

For the all round development of Jammu and Kashmir, a decision has been taken for implementing a development package of more than Rs. 80 thousand crore (800 billion rupees) in consultation with the State Government. This package not only has proposals for roads and electricity projects, it actually envisages development of every region and every section of society of Jammu and Kashmir. This includes better facility for education of children, employment to youths, modern facility for treatment, facilities for promotion of tourism in the state and special arrangements for production of fruits in the State.

In order to provide employment immediately, the government has decided that 10 thousand Special Police Officers (SPOs), about 1200 Para Military and about 4000 candidates in 5 IR battalions will be recruited. In addition, about 1 lakh 25 thousand (125,000) persons will be trained under Udaan and HIMAYAT schemes so that unemployed people can get appropriate employment.

The PDP-BJP government led by Ms. Mehbooba Mufti is making best efforts to address the State’s problems. During the last one month, the Government has tackled the situation very carefully in spite of extremely adverse circumstances. The whole nation stands with her.

I would like to reiterate that the Central and State Governments are committed to address the people’s genuine grievances and restore peace in the state. We will deal strictly with acts of violence, terrorism and anti India activities. At the same time, genuine grievances of every person will be heard and addressed.

I would like to reiterate that all the political parties and all Indians will have to stand united in the fight against terrorism and destructive forces. At a time when terrorism is spreading its wings across the world, and terrorism is being instigated by our neighbour, we will have to fight this battle unitedly. The government has an expectation of constructive cooperation from all political parties in this matter. All political parties will have to bury their differences and cooperate to restore peace and prosperity in the state. I fully believe that with the active efforts of the state government and with your full cooperation, we will be able to restore normalcy in Jammu and Kashmir very soon.

I would like to reiterate our main steps and our policy in respect of Kashmir:

1) It is the duty of any Government to maintain law and order. There will be no compromise with terrorism.

2) In today’s age, in accordance with democratic traditions, we will encourage involvement of civil society with citizen activities.

3) We will take forward the political process, in accordance with democratic traditions.

4) The process of connecting Kashmiri youth with economic activities of the State will be speeded up.

5) The States in which people of Jammu & Kashmir are residing, whether they are Hindus, Muslims, Sikhs or Buddhists or of any religion, should approach them and should make efforts so that they can establish contact with their relatives in Jammu & Kashmir and can apprise them about their own progress and the progress in other States of India.

6) Ministry of External Affairs should make efforts to approach the people of PoK residing in different parts of world and collect information about the miserable conditions in PoK and bring them to the knowledge of the world community.

I once again thank you all for giving your important views and suggestions in this meeting. I thank you all for supporting the Government. We all are committed to this national spirit that there cannot be any compromise on India’s territorial integrity. We are ready to address grievances of all sections within the framework of the Constitution.

Estabilishing Business Ethics

Business ethics defines a code of moral conduct for the business, which specifies that the business should achieve growth and profits in a socially and legally responsible manner and is accountable for their decisions to the internal and external stakeholders and public at large. Institute of Business Ethics, London defines it as – “Business ethics is the application of ethical values to business behavior. It applies to any and all aspects of business conduct, from boardroom strategies and how companies treat their employees and suppliers to sales techniques and accounting practices. Ethics goes beyond the legal requirements for a company and is, therefore, about discretionary decisions and behavior guided by values. Business ethics is relevant both to the conduct of individuals and to the conduct of the organization as a whole.” 

In most countries, the accounting and stock exchange institutes have mandated that each organization should have a code of conduct implemented within the organization. There is no standard code of ethics, and broad guidelines are given which can be adapted according to the organization culture and business requirement. Each organization Ethics & Compliance department is required to prepare a written Code of Conduct and implement the same within the organization. 
The section below gives the procedure for developing, implementing and monitoring a Code of Conduct. The main step has been mentioned with a brief narration and key activities required:
1. Mandate & commitment from top management: The Code of Conduct defines the core values of the organization thus impacting the organization culture. It also has an impact on the reputation of the organization as it specifies the organizations stance towards corporate social responsibility. Involvement of senior management is a must to provide direction, funding and resources. 
• Obtain a formal commitment from the management and board of directors to establish the Code of Conduct
• Approval for budgets for development, implementation and regular monitoring is required. 
• Approval for staffing the department and establishing the reporting lines is need. 
2. Preparation of the policy document: The main policy document contains the values of the organization, management commitment to the same, details of the ethics program, and the monitoring process. Additionally all supporting policies are mentioned. For example, if the code specifies fair and just treatment for employees, there should be additional policies relating to workplace aggression, diversity, sexual harassment, equal opportunity etc. 
• The core areas for the policy document needs to be identified. 
• The main policy document needs to be supported by additional policies to ensure proper coverage and implementation. 
• Benchmark the policy document with other organizations policy documents. 
• Incorporate the legal requirements for the policy document
3. Approval of draft policy document: After completion of the policy document and supplementary policies the same should be approved by the senior management. 
• The draft policy document needs to be formally approved by the top management, audit committee and board of directors. 
• Obtain feedback from business users to determine if they are going to face any practical difficulties in implementing it. 
4. Develop an implementation strategy: An implementation strategy is critical for the success of the program. A project plan should be developed along with the implementation strategy. Involvement of Human Resources department is a must at this stage as they will be responsible for deploying training, incorporating the code of conduct in the appointment letters, establishing the reward system for maintaining ethics and also the reasons for terminating employees on grounds of unethical behavior. The implementation process will require: 
• Department structure and staff requirements of the Ethics office. 
• Selection of vendors for hotline and web systems implementation incase it is not being done in-house.
• Reward and recognition system to be established by HR. Ethical values should ideally be incorporated in the balance score card of the employee. 
• Training deployment strategy including the trainers, schedules, material and evaluation system. 
• Investigation and reporting procedures for minor and major deviances
5. Training & Awareness: Communication is the key to a successful implementation of the Code of Conduct. Various methods and sources of training should be deployed simultaneously to train the staff and external stakeholders. A training calendar should be published for rolling out the training. Explore the following ideas for building awareness and training resources: 
• Prepare class room training material for educating the staff on the detailed policies. 
• Develop web based training program which includes ethical tests, case studies and business scenarios. 
• Publish relevant cases of ethical dilemmas on the intranet
• Provide training to existing staff and incorporate the same in induction training for the new staff. 
• Publish the relevant policies on the web for external stakeholders like suppliers, etc. 
• Issue checklists for determining how to make decisions while facing ethical dilemmas. 
6. Implementing the required hotlines and software to monitor complaints: The organization has an option to develop a web-based reporting tool internally or outsource it. Whichever the case maybe, the final contact details and services should be published throughout the organization to enable staff to report complaints and discuss cases when they are facing ethical dilemmas. Undertake the following two steps for it: 
• Publish the contact numbers, email ids and websites for reporting complaints 
• Staff these 24/7 for effective monitoring or as per business requirement
7. Reporting deviances and taking corrective action: Minor and major breaches to the Code of Conduct should be investigated properly. The report should identify people responsible for the breach, the level of it, corrective action to be taken and modifications required to the existing policies, if any. Do the following: 
• Conduct investigations of the cases reported and submit reports to the audit committee and board of directors. 
• Perform root cause analysis to determine the reason for deviances, and identify solutions to mitigate the risks. 
8. Evaluating commitment to ethical values: Depending on the requirements, periodically, surveys and audits should be conducted to evaluate the adherence to the policies and the overall attitude of the organization towards ethics. One must be aware that having a Code of Conduct does not ensure that it will be followed, hence regular monitoring is required to assess adherence. Adopt the following practices: 
• Conduct an Organization Survey to evaluate employee understanding and commitment to the Code of Business Ethics. 
• Periodically audit the practices being followed by benchmarking them against the policy document. 
9. Annual update: Policies are dynamic documents subject to revisions on the basis of changing economic and legal requirements. Do an overall assessment of the existing policies on annual basis, and incorporate changes after senior management approval. Also, for all additions and modifications, send formal communication to the staff. Use the following process: 
• Conduct an annual review of the policies. 
• Address gaps and deficiencies identified in the policies
• Obtain management approval for the same
• Roll out the updated policies and provide training to the staff. 
The advantage of implementing a Code of Conduct is that it enhances the corporate governance efforts of the organization by establishing a uniform set of core values and behavior for all the staff. The staff knows what is the right course of action, whom to approach in a dilemma and what will be the risks of adopting unethical behavior pattern. Due to this, the reputation and legal risks of the organization are also reduced since it is mandatory for employees to follow the law. 

#15 in CSuitism is Idealism

#15 in CSuitism is Idealism

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“Scratch any cynic and you will find a disappointed idealist.”
George Carlin

Definition

Concept that only mind and thought are real and form the basis of all experience and knowledge, the perceived objectsmay exist but cannot have substance.

Simple definition of Idealist is : the attitude of a person who believes that it is possible to live according to very high standards of behavior and honesty,

Idealism is:

  1. behavior or thought based on a conception of things as they should be or as one would wish them to be; idealization
  2. a striving to achieve one’s ideals
  3. imaginative treatment in art that seeks to show the artist’s or author’s conception of perfection; representation of imagined types, or ideals
  4. PHILOS. any of various theories which hold that:
    1. things exist only as ideas in the mind rather than as material objects independent of the mind
    2. things in the material world are actually manifestations of an independent realm of unchanging, immaterial models or forms

“An idealist is one who, on noticing that a rose smells better than a cabbage, concludes that it makes a better soup.”
H.L. Mencken, A Book of Burlesques

Examples from the Web for Idealism

idealism as noun is:

  1. The act or practice of envisioning things in an ideal and often impractical form.
  2. Pursuit of one’s ideals, often without regard to practical ends.
  3. Idealized treatment of a subject in literature or art.
  4. Philosophy The theory that the object of external perception, in itself or as perceived, consists of ideas.

Some more interesting quotes.

“The idealist hopes. The romantic sees doom. The postmodernist sees doom and hopes.”
Bauvard, Some Inspiration for the Overenthusiastictags:funny, humor, idealism91 likesLike
“God save me from idealists.”
Jim Butcher, Grave Periltags: humor, idealism, thomas-raith62 likesLike
“They said that I should lose my ideals and begin to believe in the methods of practical politicians. Now, I have not lost my ideals in the least; my faith in fundamentals is exactly what it always was. What I have lost is my childlike faith in practical politics.”
G.K. Chesterton, Orthodoxytags: faith, idealism, ideals,politics, pragmatism56 likesLike
“Anyone who fights for the future, lives in it today.”
Ayn Randtags: idealism, philosophy55 likesLike
“Cynics are – beneath it all – only idealists with awkwardly high standards.”
Alain de Bottontags: cynicism, idealism, standards53 likesLike
“He loved the people just as much as he feared and detested persons.”
Sinclair Lewis, It Can’t Happen Heretags: idealism,misanthropy33 likesLike
“Why do we call all our generous ideas illusions, and the mean ones truths?”
Edith Wharton, The House of Mirth

I guess everyone of has an Idealist within us – hidden somewhere, waiting to come out at the appropriate place mostly in spoken word and not in Deeds and that is the problem we find in the C Suite Club. – me !:)

Requested Ministry-wise PIB releases


Requested Ministry-wise PIB releases

Battery-Operated Car Service AT Railway Stations

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 31 minutes ago
Zonal Railways have been authorized to introduce Battery Operated Vehicles (BOVs) at major railway stations for disabled, elderly and ailing passengers on ‘first come first served’ basis through sponsorship from individuals, NGOs, Trusts, Charitable institutions, Corporates and PSUs/Corporate Houses under their Corporate Social Responsibility free of charge to passenger or to the Railway. 70 BOVs have already been provided at 48 major railway stations. Further, instructions have also been issued to Zonal Railways to invite Expression of Interest for providing the facility of Battery… more »

Minister of State Shri Mansukh L Mandaviya to visit NIPER and CIPET in Ahmedabad on 13.08.2016.

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 31 minutes ago
The Minister of State for Chemicals & Fertilizers and M/o Road, Transport & Highways and Shipping Shri Mansukh L Mandaviya will visit the National Institute of Pharmaceutical Education and Research (NIPER) and Central Institute of Plastic Engineering and Technology (CIPET) in Ahmedabad on 13.08.2016. This will be the first visit by the Minister of State to these two prestigious institutes of the M/o Chemical & Fertilizers, after he assumed charge in the Ministry on 05.07.2016. NIPER is the first National Level Institute, with the aim of becoming a centre of excellence for advance s… more »

I&B Minister Shri M. Venkaiah Naidu launches Festival of Independence theme song

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 hour ago
*Ministry wise activities for the celebration of Festival of Independence 2016* Shri M. Venkaiah Naidu, Minister for Information & Broadcasting said that the Festival of Independence being celebrated throughout the country offers an opportunity for the citizens to remember the sacrifices and contributions made by great leaders during the Indian Freedom Struggle and National Movement. He said this while launchingthe theme song “TirangaYatra” based on Independence Day celebrations.Col. Rajyavardhan Rathore, MoS, Ministry of Information & Broadcasting and Dr. SubhashRamraoBhamre, MoS… more »

Steps Taken by the Government to Popularize AYUSH System of Medicine Globally

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 hour ago
In line with its mandate to promote AYUSH systems of medicine across the globe, the Ministry has already set up Academic Chairs in three countries namely Hungary and Trinidad & Tobago (Ayurveda Chair) and South Africa (Unani Chair) with the objective to promote academic and collaborative research activities on AYUSH systems abroad; to develop quality standards of AYUSH education in foreign educational institutes; and to create awareness about strength of AYUSH systems. Memorandums of Understanding (MoUs) for setting up of AYUSH Academic Chairs have also been signed with Universities… more »

TKDL to Protect Traditional Knowledge of Indian Medicinal System

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 hour ago
The Ministry of AYUSH had established Traditional Knowledge Digital Library (TKDL) in collaboration with Council for Scientific & Industrial Research (CSIR). As per the information provided by the CSIR, TKDL consisting of more than 2.90 lakh medicinal formulations of Ayurveda, Unani and Siddha which are available in the public domain, in five international languages namely English, Japanese, French, German and Spanish. To facilitate the protection of country’s traditional knowledge, access of TKDL has been provided to International Patent offices (IPOs) under International Agreement… more »

PM Shri Narendra Modi ’s concluding remarks on All Party Meeting on Jammu & Kashmir

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 hour ago
यह बड़ी खुशी की बात है, कि सभी साथियों ने एक स्वर, और एक भावना व्यक्त की है | आज जब हम जम्मू-कश्मीर की बात करते हैं, तो हमें जम्मू-कश्मीर राज्य के चार भागों की बात करनी चाहिए: जम्मू, कश्मीर-घाटी, लद्दाख, और पाक-अधिकृत कश्मीर| मैं सभी राजनैतिक दलों के नेताओं का आभारी हूं कि उन्होंने जम्मू और कश्मीर के इलाकों में मौजूदा स्थिति के प्रति अपनी चिंता व्यक्त की है। लोकतंत्र द्वारा पिछले छह दशकों से पोषित समृद्ध परंपरा हमारे देश की एकता और अखंडता की सबसे बड़ी ताकत रही है। कुछ मुद्दों पर हमारे बीच कुछ मतभेद हो सकते हैं, लेकिन जब देश की अखंडता और संप्रभुता की बात आती है तब हम एकजुट रहते हैं। … more »

Consultative Committee attached to Ministries of Power and New & Renewable Energy meets

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 4 hours ago
The villages in Naxal affected areas and other such inaccessible regions are being expeditiously connected with off-grid power solutions, said Shri Piyush Goyal, Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, while chairing the meeting of the Consultative Committee attached to Ministries of Power and New & Renewable Energy, held here today. Further, Shri Goyal informed the Hon’ble Committee Members that according to the latest figures, a total of 10,007 villages (54%) have been electrified in the country. As on 31.07.16, a sum of Rs. 42,392 crore ha… more »

Shri Piyush Goyal inaugurates Blood Donation Camp

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 4 hours ago
Shri Piyush Goyal, Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines inaugurated Blood Donation Camp organized by Ministry of Coal here today. While appreciating Ministry for the camp, Shri Goyal said that in a country like India where several people suffer due to lack of availability of blood, such initiatives help in saving thousands of life. The Minister said that I am delighted to see the enthusiasm of youth in nation building causes. Courtesy:pib.nic.in

Indian Freedom Movement showed to the world the power of non-violence and democratic principles – Shri Naidu

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 4 hours ago
*I&B Minister inaugurates Independence Day Film Festival* Shri M. Venkaiah Naidu Minister for Information & Broadcasting said that Indian Cinema not only played a vital role during the freedom movement, it also facilitated in spreading the message regarding the great deeds and valor of eminent leaders and personalities related to freedom movement. Having a profound impact on the minds and social behavior of people, it was necessary for films to have a social message. Shri Naidu stated this here today while inaugurating the week long “Independence Day Film Festival” at Siri Fort Aud… more »

Department of Youth Affairs to organize candle-light “TIRANGA MARCH” in 100 prominent District Headquarters to Celebrate AAZADI 70 Saal /Independence Day

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 5 hours ago
*N Y K S (Nehru Yuva Kendra Sangathan)* § On the eve of the Independence Day, NYKS will organise candle-light “TIRANGA MARCH” in 100 prominent District Headquarters, covering all States/ UTs. Each Tiranga March will culminate at a venue where a cultural programme on the theme of Tiranga and Nationalism will be organised. The members of youth clubs affiliated with NYKS as well as other youth will participate in the Programmes. In each Programme, participation of about 1,000 youth is expected. § NYKS will organise a Candle Light Tiranga March from Old Delhi to New Delhi, invol…more »

Shri Rajnath Singh inaugurates the first National Conference of investigating agencies

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 5 hours ago
Conference will become a milestone in raising the standards of Scientific Investigation, says Home Minister ‘Best Investigator Medal’ to the Investigators to improve the quality of investigation The Union Home Minister Shri Rajnath Singh inaugurated the first National Conference of investigating agencies here today. The two-day conference is being organised by the Bureau of Police Research and Development (BPR&D) in coordination with National Investigation Agency (NIA). Addressing on the occasion, Shri Rajnath Singh said that investigation agencies are facing many challenges in the … more »

Parliamentary Consultative Committee of Ministry of Coal Meets

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 5 hours ago
A meeting of the Parliamentary Consultative Committee attached to the Ministry of Coal was held here yesterday evening for reviewing the “Implementation of Mine closure Plans of Coal India Limited (CIL)”. Shri Piyush Goyal Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines chaired the meeting. In his opening remarks, Shri Goyal informed the Hon’ble Members that considering the closure mines as an important activity, the Ministry has undertaken special plan for studying each coal mine for preparing its closure plan. In the plan, special emphasis has been placed… more »

Minister of State Shri Mansukh L Mandaviya to visit NIPER and CIPET in Ahmedabad tomorrow

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 5 hours ago
The Minister of State for Chemicals & Fertilizers and M/o Road, Transport & Highways and Shipping Shri Mansukh L Mandaviya will visit the National Institute of Pharmaceutical Education and Research (NIPER) and Central Institute of Plastic Engineering and Technology (CIPET) in Ahmedabad on 13.08.2016. This will be the first visit by the Minister of State to these two prestigious institutes of the M/o Chemical & Fertilizers, after he assumed charge in the Ministry on 05.07.2016. NIPER is the first National Level Institute, with the aim of becoming a centre of excellence for advance s… more »

Glorification of Terrorists is Unacceptable and Pakistan Must Immediately Stop Supporting Cross-Border Terrorism & Infiltration: Smt. Sushma Swaraj

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
Diplomatic Efforts on for Strengthening India’s Stand On Kashmir The Minister for External Affairs Shrimati Sushma Swaraj in a statement laid on the Table of the Rajya Sabha today said that in the wake of the death of Hizb ul Mujahideen Commander and terrorist Burhan Wani in an encounter on July 8, 2016, senior functionaries of Government of Pakistan briefed in Islamabad envoys of several prominent countries – including the five permanent members of the United Nations Security Council namely China, France, Russia, the United Kingdom and the United States of America – and internationa…more »

PM interacts with Village Pradhans from Varanasi Parliamentary Constituency

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
The Prime Minister, Shri Narendra Modi, welcomed Village Pradhans from the Varanasi Parliamentary Constituency at his residence in New Delhi, today. This was the fourth such group to meet the Prime Minister. During the interaction, the Prime Minister encouraged the Pradhans to work towards ensuring attendance of children and quality of Mid Day Meals in schools. He also motivated them to keep cleanliness in their respective villages. The Prime Minister urged the group to eliminate any discrimination between daughters and sons. Courtesy:pib.nic.in

Statement by External Affairs Minister Shrimati Sushma Swaraj in Rajya Sabha on Problems Faced by Indians in Gulf Countries

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
The Minister for External Affairs Shrimati Sushma Swaraj in a statement laid on the Table of the Rajya Sabha today said that there is around 8 million strong resident Indian community in the Gulf countries. An estimated 70% of them are blue collar workers. Indian Missions in Gulf countries receive various types of complaints from Indian workers including non-payment/delayed payment of wages, sudden closure of companies, ill treatment, excessive working hours, filing false charges with police authorities, withholding of passports, dishonouring terms of the contract, exit visa, etc. … more »

‘Interface on Real Problems of Himalayan Region will Help in Proper Planning’: Shri Anil Dave

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
Environment Minister Chairs Third Meeting of MPS from Himalayan Region The Government has underlined the need for an interface on the real problems of the Himalayan region, as it will help in proper planning. Chairing the Third Meeting with MPs from the Himalayan region here last evening, the Minister of State (Independent Charge) of Environment, Forest and Climate Change, Shri Anil Madhav Dave, said that man, wild animals and forests have been living in harmonious co-existence. The Environment Minister pointed out that no Scheduled Tribe has ever posed a threat to the forests. He em…more »

Shri Rajnath Singh to inaugurate the First National Conference of Investigating Agencies tomorrow

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
The Union Home Minister Shri Rajnath Singh will inaugurate the First National Conference of Investigating Agencies here tomorrow. The two-day conference is being organised by the Bureau of Police Research and Development (BPR&D) in coordination with National Investigation Agency (NIA). The conference envisages to provide an annual national platform to all the officers of law enforcement agencies engaged in investigation tasks with the objective to discuss the latest laws and judgments and their implications for investigation and prosecution and to deliberate on new legislation/ cr… more »

Logistic Data Bank Project on Pilot Basis At JNPT

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
The Commercial Operation of Logistics Data Bank (LDB) Project has been operationalized at JNPT from 1stJuly, 2016 on a pilot basis. The logistics Data Bank Service would bring efficiency in the current Logistics & Supply Chain environment through use of information technology that would be helpful for tracking and viewing the movement of containers across the port. This LDB Project will provide visibility and transparency in EXIM containers movement and will help in reducing overall lead time of the container movement across the western corridor and lower the transaction cost incu… more »

Maritime Heritage Complex At Lothal

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
A Maritime Heritage Complex Committee with Secretary (Shipping) as Chairman has been constituted with members from related Ministries and Experts in Maritime Heritage for planning of a Maritime Heritage Complex at Lothal. The Committee has held a meeting to deliberate on the issue and for preparation of concept design and DPR. This information was given by the Minister of State for Shipping Shri Pon. Radhakrishnan in written reply to a question in Lok Sabha today. Courtesy:pib.nic.in

Did you know…

Did you know…

… that today is Surgery Meets Disinfectant Day? In 1865, disinfectant was used for the first time during surgery by British surgeon Joseph Lister. Lister successfully promoted the idea of sterilizing surgical instruments and cleaning wounds, which led to a reduction in post-operative infections and made surgery safer for patients. Thank you, Dr. Lister!

~~~

Today’s Inspirational Quote:

“Free yourself from the complexities of your life! A life of simplicity and happiness awaits you.”

— Steve Maraboli

Courtesy: The FCPA Blog

At Singapore’s Keppel Corp, did the C-suite approve big bribes?

By Petro Global News on Aug 12, 2016 07:08 am
Read the full article here

Mike Scher: Is it time for compliance officers to enforce company core values?

By Michael Scher on Aug 11, 2016 01:08 pm
Read the full article here

Compliance Alert: Gift-giving, rebates and kickbacks in South Korea

By Soo-Mi Rhee, Keith Korenchuk and Samuel Witten on Aug 11, 2016 08:28 am
Read the full article here

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Govt News In Brief.

Consultative Committee attached to Ministries of Power and New & Renewable Energy meets

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 hour ago
The villages in Naxal affected areas and other such inaccessible regions are being expeditiously connected with off-grid power solutions, said Shri Piyush Goyal, Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, while chairing the meeting of the Consultative Committee attached to Ministries of Power and New & Renewable Energy, held here today. Further, Shri Goyal informed the Hon’ble Committee Members that according to the latest figures, a total of 10,007 villages (54%) have been electrified in the country. As on 31.07.16, a sum of Rs. 42,392 crore ha… more »

Shri Piyush Goyal inaugurates Blood Donation Camp

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 hour ago
Shri Piyush Goyal, Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines inaugurated Blood Donation Camp organized by Ministry of Coal here today. While appreciating Ministry for the camp, Shri Goyal said that in a country like India where several people suffer due to lack of availability of blood, such initiatives help in saving thousands of life. The Minister said that I am delighted to see the enthusiasm of youth in nation building causes. Courtesy:pib.nic.in

Indian Freedom Movement showed to the world the power of non-violence and democratic principles – Shri Naidu

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 hours ago
*I&B Minister inaugurates Independence Day Film Festival* Shri M. Venkaiah Naidu Minister for Information & Broadcasting said that Indian Cinema not only played a vital role during the freedom movement, it also facilitated in spreading the message regarding the great deeds and valor of eminent leaders and personalities related to freedom movement. Having a profound impact on the minds and social behavior of people, it was necessary for films to have a social message. Shri Naidu stated this here today while inaugurating the week long “Independence Day Film Festival” at Siri Fort Aud… more »

Department of Youth Affairs to organize candle-light “TIRANGA MARCH” in 100 prominent District Headquarters to Celebrate AAZADI 70 Saal /Independence Day

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 hours ago
*N Y K S (Nehru Yuva Kendra Sangathan)* § On the eve of the Independence Day, NYKS will organise candle-light “TIRANGA MARCH” in 100 prominent District Headquarters, covering all States/ UTs. Each Tiranga March will culminate at a venue where a cultural programme on the theme of Tiranga and Nationalism will be organised. The members of youth clubs affiliated with NYKS as well as other youth will participate in the Programmes. In each Programme, participation of about 1,000 youth is expected. § NYKS will organise a Candle Light Tiranga March from Old Delhi to New Delhi, invol…more »

Shri Rajnath Singh inaugurates the first National Conference of investigating agencies

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 hours ago
Conference will become a milestone in raising the standards of Scientific Investigation, says Home Minister ‘Best Investigator Medal’ to the Investigators to improve the quality of investigation The Union Home Minister Shri Rajnath Singh inaugurated the first National Conference of investigating agencies here today. The two-day conference is being organised by the Bureau of Police Research and Development (BPR&D) in coordination with National Investigation Agency (NIA). Addressing on the occasion, Shri Rajnath Singh said that investigation agencies are facing many challenges in the … more »

Parliamentary Consultative Committee of Ministry of Coal Meets

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 hours ago
A meeting of the Parliamentary Consultative Committee attached to the Ministry of Coal was held here yesterday evening for reviewing the “Implementation of Mine closure Plans of Coal India Limited (CIL)”. Shri Piyush Goyal Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines chaired the meeting. In his opening remarks, Shri Goyal informed the Hon’ble Members that considering the closure mines as an important activity, the Ministry has undertaken special plan for studying each coal mine for preparing its closure plan. In the plan, special emphasis has been placed… more »

Minister of State Shri Mansukh L Mandaviya to visit NIPER and CIPET in Ahmedabad tomorrow

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 hours ago
The Minister of State for Chemicals & Fertilizers and M/o Road, Transport & Highways and Shipping Shri Mansukh L Mandaviya will visit the National Institute of Pharmaceutical Education and Research (NIPER) and Central Institute of Plastic Engineering and Technology (CIPET) in Ahmedabad on 13.08.2016. This will be the first visit by the Minister of State to these two prestigious institutes of the M/o Chemical & Fertilizers, after he assumed charge in the Ministry on 05.07.2016. NIPER is the first National Level Institute, with the aim of becoming a centre of excellence for advance s… more »

Glorification of Terrorists is Unacceptable and Pakistan Must Immediately Stop Supporting Cross-Border Terrorism & Infiltration: Smt. Sushma Swaraj

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 22 hours ago
Diplomatic Efforts on for Strengthening India’s Stand On Kashmir The Minister for External Affairs Shrimati Sushma Swaraj in a statement laid on the Table of the Rajya Sabha today said that in the wake of the death of Hizb ul Mujahideen Commander and terrorist Burhan Wani in an encounter on July 8, 2016, senior functionaries of Government of Pakistan briefed in Islamabad envoys of several prominent countries – including the five permanent members of the United Nations Security Council namely China, France, Russia, the United Kingdom and the United States of America – and internationa…more »

PM interacts with Village Pradhans from Varanasi Parliamentary Constituency

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 22 hours ago
The Prime Minister, Shri Narendra Modi, welcomed Village Pradhans from the Varanasi Parliamentary Constituency at his residence in New Delhi, today. This was the fourth such group to meet the Prime Minister. During the interaction, the Prime Minister encouraged the Pradhans to work towards ensuring attendance of children and quality of Mid Day Meals in schools. He also motivated them to keep cleanliness in their respective villages. The Prime Minister urged the group to eliminate any discrimination between daughters and sons. Courtesy:pib.nic.in

Statement by External Affairs Minister Shrimati Sushma Swaraj in Rajya Sabha on Problems Faced by Indians in Gulf Countries

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 22 hours ago
The Minister for External Affairs Shrimati Sushma Swaraj in a statement laid on the Table of the Rajya Sabha today said that there is around 8 million strong resident Indian community in the Gulf countries. An estimated 70% of them are blue collar workers. Indian Missions in Gulf countries receive various types of complaints from Indian workers including non-payment/delayed payment of wages, sudden closure of companies, ill treatment, excessive working hours, filing false charges with police authorities, withholding of passports, dishonouring terms of the contract, exit visa, etc. … more »

‘Interface on Real Problems of Himalayan Region will Help in Proper Planning’: Shri Anil Dave

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 22 hours ago
Environment Minister Chairs Third Meeting of MPS from Himalayan Region The Government has underlined the need for an interface on the real problems of the Himalayan region, as it will help in proper planning. Chairing the Third Meeting with MPs from the Himalayan region here last evening, the Minister of State (Independent Charge) of Environment, Forest and Climate Change, Shri Anil Madhav Dave, said that man, wild animals and forests have been living in harmonious co-existence. The Environment Minister pointed out that no Scheduled Tribe has ever posed a threat to the forests. He em…more »

Shri Rajnath Singh to inaugurate the First National Conference of Investigating Agencies tomorrow

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 22 hours ago
The Union Home Minister Shri Rajnath Singh will inaugurate the First National Conference of Investigating Agencies here tomorrow. The two-day conference is being organised by the Bureau of Police Research and Development (BPR&D) in coordination with National Investigation Agency (NIA). The conference envisages to provide an annual national platform to all the officers of law enforcement agencies engaged in investigation tasks with the objective to discuss the latest laws and judgments and their implications for investigation and prosecution and to deliberate on new legislation/ cr… more »

Logistic Data Bank Project on Pilot Basis At JNPT

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 22 hours ago
The Commercial Operation of Logistics Data Bank (LDB) Project has been operationalized at JNPT from 1stJuly, 2016 on a pilot basis. The logistics Data Bank Service would bring efficiency in the current Logistics & Supply Chain environment through use of information technology that would be helpful for tracking and viewing the movement of containers across the port. This LDB Project will provide visibility and transparency in EXIM containers movement and will help in reducing overall lead time of the container movement across the western corridor and lower the transaction cost incu… more »

Maritime Heritage Complex At Lothal

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 22 hours ago
A Maritime Heritage Complex Committee with Secretary (Shipping) as Chairman has been constituted with members from related Ministries and Experts in Maritime Heritage for planning of a Maritime Heritage Complex at Lothal. The Committee has held a meeting to deliberate on the issue and for preparation of concept design and DPR. This information was given by the Minister of State for Shipping Shri Pon. Radhakrishnan in written reply to a question in Lok Sabha today. Courtesy:pib.nic.in

Shri Manohar Parikkar to inaugurate ‘Bharat Parv’ tomorrow

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 23 hours ago
Shri Manohar Parrikar, Defence Minister, will inaugurate “Bharat Parv” at the Rajpath Lawns, India Gate, New Delhi tomorrow. Shri M. Venkaiah Naidu, Minister for Information & Broadcasting, Urban Development, Housing and Urban Poverty Alleviation, will be the Guest of Honour. Dr. Mahesh Sharma, Minister of State (I/C) for Culture & Tourism, will preside over the function. Addressing Media persons here today, Shri Vinod Zutshi, Secretary, Ministry of Tourism informed them that the “Bharat Parv” is being organized by Government of India as part of Independence Day celebrations-2016. T…more »

List of Journals under Academic Programme Indicators System

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
The University Grants Commission (UGC) has informed that it has constituted a Standing Committee, under the chairpersonship of Prof. V.S. Chauhan, Member, UGC for the purposes of preparing a “List of Journals” as required under clause 6.0.5(i) of University Grants Commission (Minimum qualifications for appointment of teachers and other academic staff in universities and colleges and measures for the maintenance of standards in higher education) (4th Amendment), Regulations, 2016. The regulations are available athttp://egazette.nic.in/WriteReadData/2016/170658.pdf . As per these regul… more »

Consumer Affairs Ministry to launch web chat and mobile app to handle consumer complaints

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
Central Railside Warehouse Company Ltd plans to set up ten ware houses The Central Railside Warehouse Company Ltd (CRWC), a subsidiary of Central Warehousing Corporation has planned 10 new warehouses with temperature controlled system at rail heads to facilitate handling and storage bagged commodities. The company has also undertaken up gradation of its existing 19 Railside Warehousing complexes across the country with the cost of Rs.200 crore. Briefing about the activities and plans of the Corporation to the members of Parliamentary Consultative Committee here today, Shri Ram Vilas … more »

Government Approves One (1) Proposal Of Foreign Direct Investment (FDI)

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
Based on the recommendations of Foreign Investment Promotion Board(FIPB) in its 237thmeeting held on 12th July 2016, the Government has approved one Foreign Direct Investment (FDI) proposal as per details enclosed. 1. The following one (01) proposal has been approved: *S. No* *Item No* *Name of the applicant* *Gist of the proposal* *Sector* *FDI (Rs. crore)* 1 15 M/s Janalakshmi Financial Services Limited Janalakshmi Financial Services Limited has sought an approval for swap of shares whereby the non-resident shareholders of janalakshmi will be issued shares in Jana Capital limited i… more »

Resolution passed by Rajya Sabha on situation in the Kashmir Valley

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
Following is the text of the Resolution passed by the Rajya Sabha today (August 10, 2016) on the situation in the Kashmir Valley: “This House expresses its serious concern over the prolonged turbulence, violence and curfew in the Kashmir valley. The House conveys its deep sense of anguish and concern over the loss of lives and critical injuries caused by the deteriorating situation. The House is of the firm and considered view that while there cannot be any compromise on national security, it is equally imperative that urgent steps are taken to restore order and peace for the allev… more »

Cabinet approves MoU between India and South Africa for cooperation in the field of Tourism

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval for a Memorandum of Understanding (MoU) between India and South Africa for cooperation in the field of Tourism. The MoU was signed on 08.07.2016. The main objectives of the MoU are: a) to expand bilateral cooperation in the tourism sector; b) to exchange information and data related to tourism ; c) to encourage cooperation between tourism stakeholders, including hotels and tour operators. d) to establish exchange programmes for cooperation in Human Resource Development; e…more »

Business Ethics

Business Ethics

“Business Ethics” is the behavior that a business adheres to in its daily dealings with the world. The ethics of a particular business can be diverse. They apply not only to how the business interacts with the world at large, but also to their one-on-one dealings with a single customer. 
Many businesses have gained a bad reputation just by being in business. To some people, businesses are interested in making money, and that is the bottom line. It could be called capitalism in its purest form. Making money is not wrong in itself. It is the manner in which some businesses conduct themselves that brings up the question of ethical behavior. 
Good business ethics should be a part of every business. There are many factors to consider. When a company does business with another that is considered unethical, does this make the first company unethical by association? Some people would say yes, the first business has a responsibility and it is now a link in the chain of unethical businesses. 
Many global businesses, including most of the major brands that the public use, can be seen not to think too highly of good business ethics. Many major brands have been fined millions for breaking ethical business laws. Money is the major deciding factor. 
If a company does not adhere to business ethics and breaks the laws, they usually end up being fined. Many companies have broken anti-trust, ethical and environmental laws and received fines worth millions. The problem is that the amount of money these companies are making outweighs the fines applied. Billion dollar profits blind the companies to their lack of business ethics, and the dollar sign wins. 
A business may be a multi-million seller, but does it use good business ethics and do people care? There are popular soft drinks and fast food restaurants that have been fined time and time again for unethical behavior. Business ethics should eliminate exploitation, from the sweat shop children who are making sneakers to the coffee serving staff that is being ripped off in wages. Business ethics can be applied to everything from the trees cut down to make the paper that a business sells to the ramifications of importing coffee from certain countries. 
In business ethics our goal is to do the right thing, period. However, this isn’t always easy because sometimes we are faced with some extremely tough choices. And we don’t just serve ourselves and our customers; we also serve our shareholders, employees, communities, and country. Often different choices favor one group over another group. Choosing the best choice for the situation is often labeled moral relativism because morals are typically absolute do this or do that with no exceptions. Sometimes we do get stuck between morals and we cannot just walk away, we have to make a decision that we are going to have to live with. 
As an example, we had heard that our dietary supplement may have caused serious health consequences and or death long before we stopped selling it. Who did we hear this from? Mainly we heard it from the media. Based on the information we had at the time, we believed the news stories were directed at other dietary supplements that contained similar ingredients, and they were just referencing our product because it was the most popular dietary supplement at the time that contained the ingredients. We had also questioned the MLM company president about it and we were assured that nobody was reporting health consequences from taking the product. In addition, only one of our customers had reported health side-effects from taking the product and we sold a ton. The one customer in question believe that the health problem was related to taking the product, but we knew based on the particular problem that it could not have been the product. In fact, the product probably saved their life by bringing the problem front and center. 
So we were pretty sure that our product was causing virtually zero health problems and it was helping tons of people lose weight. Several people reported that it was helping them control their diabetes and lower their blood pressure. One customer asked their doctor if it was ok to take and the doctor told them that it couldn’t hurt. Overall, the information that we had is that the product was benefiting the public and not harming anybody. We stayed on the safe side and advised our customers to take the product only as directed. 
Many companies face ethical choices, especially in a tough economy. Should we risk bankruptcy or lay people off? Should we accept money from the government (or give people bad mortgages) or lose competitive advantage? Should we sell this product when we know that some people will die from using it? For the last question, consider automobiles. Auto manufacturers know that some people will die because of automobile accidents, yet they still manufacture them. Does it make sense to shut down the company because of automobile accidents? Perhaps a better choice is to make the car safer and eliminate any safety defects. 
It is very important to follow the law even when it is hard. Still, management at large companies have found themselves in hard situations. Should I report the correct numbers or save my shareholders from a huge loss? Remember that some company shareholders are retirees and pension plans, not just rich people trying to get richer. Still, in this case we are preventing future shareholders from a serious loss because we are disclosing correct numbers. The goal of ethics in business is to do the right thing. We must do the legal thing. We are obligated to do the best thing we can for all of our stakeholders such as owners or shareholders, management, bond holders or lenders, our employees, the community, and our country. It is not always easy but we gather all of the information we can and make the best decision possible. 

#14 in C Suitism is Humanism

Humanism:

I joined NHRDN which is a Prime network of HR professionals in India 22 years ago as a Life Member to learn ” Why people behave the way they do?” And, Can the Performance and Employee life in an organisation predictable.

I first learnt Human and Human Resource and later Humane in those early years the learnings were about :

Humanism
a.
A system of thought that focuses on humans and their values, capacities, and worth.
b. Humanism : A cultural and intellectual movement of the Renaissance that emphasized human potential to attain excellence and promoted direct study of the literature, art, and civilization ofclassical Greece and Rome.

  1. The study of the humanities; learning in the liberal arts.
  2. Secular humanism.

And Concern with the interests, needs, and welfare of humans: “the newest flower on the vine of corporate humanism” (Savvy).

I understood that Humanism and HRD are two different things. While HRD needs to be Humane and by Humane I mean – you select well – so people perform well, they are treated well so you never have to fire them. They are trained and skilled and if and when they choose to leave – they have received a great amount of value addition to pursue their own path. But that is my humble opinion and many may differ. 

 

humanism then was

(ˈhjuːməˌnɪzəm)n

  1. (Philosophy) the denial of any power or moral value superior to that of humanity; the rejection ofreligion in favour of a belief in the advancement of humanity by its own efforts2. (Philosophy) a philosophical position that stresses the autonomy of human reason in contradistinction to the authority of the Religion
  2. (Literary & Literary Critical Movements) (often capital) a cultural movement of the Renaissance,based on classical studies
  3. interest in the welfare of people

Humanism comes from the Latin humanitas, which means “education that befits a civilized man.” This belief system or cultural movement bubbled up during the Renaissance, promoting classical Greek and Roman values like reason, justice and ethics instead of supernatural religious ideas. People who follow humanism are called humanists, and they’ve probably studied a lot of literature, philosophy and history.

 

Primary Meanings ofhumanism

 

nthe doctrine that people’s duty is to promote human welfare

Synonyms:

humanitarianism

Type of:

doctrine, ism, philosophical system, philosophy, school of thoughta belief (or system of beliefs) accepted as authoritative by some group or school

  1. nthe doctrine emphasizing a person’s capacity for self-realization through reason; rejects religion and the supernatural

Synonyms:

secular humanism

Type of:

doctrine, ism, philosophical system, philosophy, school of thoughta belief (or system of beliefs) accepted as authoritative by some group or school

nthe cultural movement of the Renaissance; based on classical studies

Type of:

cultural movement a group of people working together to advance certain cultural goals

The Key for success of a C Suite Member is in RETENTION and not ATTRITION.

Retention :

The condition of retaining (keeping) something. “You may be able to memorize facts in the short-term, but how well is your retention of those facts over the long-term?”

“Successful companies need to foster a good working environment so that employee retention remains at a high level.”

See also retention clause, retention period, and retention ratio.

Read more:http://www.businessdictionary.com/definition/retention.html

I would, therefore, ask the C Suite members reading this to keep the HUMANE and RETENTION aspects in mind while speaking or listening about Humanism.

Dhananjay Parkhe

Govt. News In Brief.

Glorification of Terrorists is Unacceptable and Pakistan Must Immediately Stop Supporting Cross-Border Terrorism & Infiltration: Smt. Sushma Swaraj

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 hours ago
Diplomatic Efforts on for Strengthening India’s Stand On Kashmir The Minister for External Affairs Shrimati Sushma Swaraj in a statement laid on the Table of the Rajya Sabha today said that in the wake of the death of Hizb ul Mujahideen Commander and terrorist Burhan Wani in an encounter on July 8, 2016, senior functionaries of Government of Pakistan briefed in Islamabad envoys of several prominent countries – including the five permanent members of the United Nations Security Council namely China, France, Russia, the United Kingdom and the United States of America – and internationa…more »

PM interacts with Village Pradhans from Varanasi Parliamentary Constituency

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 hours ago
The Prime Minister, Shri Narendra Modi, welcomed Village Pradhans from the Varanasi Parliamentary Constituency at his residence in New Delhi, today. This was the fourth such group to meet the Prime Minister. During the interaction, the Prime Minister encouraged the Pradhans to work towards ensuring attendance of children and quality of Mid Day Meals in schools. He also motivated them to keep cleanliness in their respective villages. The Prime Minister urged the group to eliminate any discrimination between daughters and sons. Courtesy:pib.nic.in

Statement by External Affairs Minister Shrimati Sushma Swaraj in Rajya Sabha on Problems Faced by Indians in Gulf Countries

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 hours ago
The Minister for External Affairs Shrimati Sushma Swaraj in a statement laid on the Table of the Rajya Sabha today said that there is around 8 million strong resident Indian community in the Gulf countries. An estimated 70% of them are blue collar workers. Indian Missions in Gulf countries receive various types of complaints from Indian workers including non-payment/delayed payment of wages, sudden closure of companies, ill treatment, excessive working hours, filing false charges with police authorities, withholding of passports, dishonouring terms of the contract, exit visa, etc. … more »

‘Interface on Real Problems of Himalayan Region will Help in Proper Planning’: Shri Anil Dave

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 hours ago
Environment Minister Chairs Third Meeting of MPS from Himalayan Region The Government has underlined the need for an interface on the real problems of the Himalayan region, as it will help in proper planning. Chairing the Third Meeting with MPs from the Himalayan region here last evening, the Minister of State (Independent Charge) of Environment, Forest and Climate Change, Shri Anil Madhav Dave, said that man, wild animals and forests have been living in harmonious co-existence. The Environment Minister pointed out that no Scheduled Tribe has ever posed a threat to the forests. He em…more »

Shri Rajnath Singh to inaugurate the First National Conference of Investigating Agencies tomorrow

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 hours ago
The Union Home Minister Shri Rajnath Singh will inaugurate the First National Conference of Investigating Agencies here tomorrow. The two-day conference is being organised by the Bureau of Police Research and Development (BPR&D) in coordination with National Investigation Agency (NIA). The conference envisages to provide an annual national platform to all the officers of law enforcement agencies engaged in investigation tasks with the objective to discuss the latest laws and judgments and their implications for investigation and prosecution and to deliberate on new legislation/ cr… more »

Logistic Data Bank Project on Pilot Basis At JNPT

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 hours ago
The Commercial Operation of Logistics Data Bank (LDB) Project has been operationalized at JNPT from 1stJuly, 2016 on a pilot basis. The logistics Data Bank Service would bring efficiency in the current Logistics & Supply Chain environment through use of information technology that would be helpful for tracking and viewing the movement of containers across the port. This LDB Project will provide visibility and transparency in EXIM containers movement and will help in reducing overall lead time of the container movement across the western corridor and lower the transaction cost incu… more »

Maritime Heritage Complex At Lothal

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 hours ago
A Maritime Heritage Complex Committee with Secretary (Shipping) as Chairman has been constituted with members from related Ministries and Experts in Maritime Heritage for planning of a Maritime Heritage Complex at Lothal. The Committee has held a meeting to deliberate on the issue and for preparation of concept design and DPR. This information was given by the Minister of State for Shipping Shri Pon. Radhakrishnan in written reply to a question in Lok Sabha today. Courtesy:pib.nic.in

Shri Manohar Parikkar to inaugurate ‘Bharat Parv’ tomorrow

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 3 hours ago
Shri Manohar Parrikar, Defence Minister, will inaugurate “Bharat Parv” at the Rajpath Lawns, India Gate, New Delhi tomorrow. Shri M. Venkaiah Naidu, Minister for Information & Broadcasting, Urban Development, Housing and Urban Poverty Alleviation, will be the Guest of Honour. Dr. Mahesh Sharma, Minister of State (I/C) for Culture & Tourism, will preside over the function. Addressing Media persons here today, Shri Vinod Zutshi, Secretary, Ministry of Tourism informed them that the “Bharat Parv” is being organized by Government of India as part of Independence Day celebrations-2016. T…more »

List of Journals under Academic Programme Indicators System

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 4 hours ago
The University Grants Commission (UGC) has informed that it has constituted a Standing Committee, under the chairpersonship of Prof. V.S. Chauhan, Member, UGC for the purposes of preparing a “List of Journals” as required under clause 6.0.5(i) of University Grants Commission (Minimum qualifications for appointment of teachers and other academic staff in universities and colleges and measures for the maintenance of standards in higher education) (4th Amendment), Regulations, 2016. The regulations are available athttp://egazette.nic.in/WriteReadData/2016/170658.pdf . As per these regul… more »

Consumer Affairs Ministry to launch web chat and mobile app to handle consumer complaints

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 6 hours ago
Central Railside Warehouse Company Ltd plans to set up ten ware houses The Central Railside Warehouse Company Ltd (CRWC), a subsidiary of Central Warehousing Corporation has planned 10 new warehouses with temperature controlled system at rail heads to facilitate handling and storage bagged commodities. The company has also undertaken up gradation of its existing 19 Railside Warehousing complexes across the country with the cost of Rs.200 crore. Briefing about the activities and plans of the Corporation to the members of Parliamentary Consultative Committee here today, Shri Ram Vilas … more »

Government Approves One (1) Proposal Of Foreign Direct Investment (FDI)

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 6 hours ago
Based on the recommendations of Foreign Investment Promotion Board(FIPB) in its 237thmeeting held on 12th July 2016, the Government has approved one Foreign Direct Investment (FDI) proposal as per details enclosed. 1. The following one (01) proposal has been approved: *S. No* *Item No* *Name of the applicant* *Gist of the proposal* *Sector* *FDI (Rs. crore)* 1 15 M/s Janalakshmi Financial Services Limited Janalakshmi Financial Services Limited has sought an approval for swap of shares whereby the non-resident shareholders of janalakshmi will be issued shares in Jana Capital limited i… more »

Resolution passed by Rajya Sabha on situation in the Kashmir Valley

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 9 hours ago
Following is the text of the Resolution passed by the Rajya Sabha today (August 10, 2016) on the situation in the Kashmir Valley: “This House expresses its serious concern over the prolonged turbulence, violence and curfew in the Kashmir valley. The House conveys its deep sense of anguish and concern over the loss of lives and critical injuries caused by the deteriorating situation. The House is of the firm and considered view that while there cannot be any compromise on national security, it is equally imperative that urgent steps are taken to restore order and peace for the allev… more »

Cabinet approves MoU between India and South Africa for cooperation in the field of Tourism

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 10 hours ago
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval for a Memorandum of Understanding (MoU) between India and South Africa for cooperation in the field of Tourism. The MoU was signed on 08.07.2016. The main objectives of the MoU are: a) to expand bilateral cooperation in the tourism sector; b) to exchange information and data related to tourism ; c) to encourage cooperation between tourism stakeholders, including hotels and tour operators. d) to establish exchange programmes for cooperation in Human Resource Development; e…more »

Amendments to the Maternity Benefit Act, 1961

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 10 hours ago
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its ex-post facto approval for amendments to the Maternity Benefit Act, 1961 by introducing the Maternity Benefit (Amendment) Bill, 2016 in Parliament. The maternity benefit Act 1961 protects the employment of women during the time of her maternity and entitles her of a ‘maternity benefit’ – i.e. full paid absence from work – to take care for her child. The act is applicable to all establishments employing 10 or more persons. The amendments will help 1.8 million (approx.) women workforce in organised sec… more »

The Factories (Amendment) Bill, 2016

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 10 hours ago
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its ex-post facto approval for amendment of Section 64 and section 65 and consequential amendment of section 115 of the Factories Act, 1948 by introducing the Factories (Amendment) Bill, 2016 in the Parliament. The approved amendments will give boost to the manufacturing sector and facilitate ease of doing business with an aim to enhance employment opportunities. These amendments relate to increase in overtime hours from the existing 50 hours per quarter to 100 hours (Section 64) and existing 75 hours p… more »

Cabinet approves Agreement between the India and Croatia on Economic Cooperation

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 10 hours ago
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for signing and ratification of an Agreement between India and Croatia on Economic Cooperation. India and Croatia had earlier signed an Agreement on trade and economic cooperation in September, 1994 with an aim to promote and develop bilateral trade and economic relations. Signing of the new Agreement between India and Croatia would be a step in continuity as the existing Agreement expired in November, 2009. India’s bilateral trade with Croatia during 2012-13, 2013-14 and 2014-15 were US$ 15… more »

Cabinet approves introduction of Pension and Post-Retirement Medical Schemes as part of superannuation benefits for Employees of Food Corporation of India

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 10 hours ago
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for introduction of Pension and Post-Retirement Medical Schemes as part of superannuation benefits for Employees of Food Corporation of India (FCI) as per guidelines of Department of Public Enterprises (DPE). The annual financial implication for both schemes combined would be around Rs. 134.4 crore at present level of salaries of the employees. Salient Features of New Pension Scheme for Employees of FCI 1. Coverage – All employees. (Category I, II, III and IV) of the Corporation on the payroll … more »

Cabinet approves foreign investment in other Financial Services sector

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 10 hours ago
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to amend regulation for foreign investment in the Non- Banking Finance Companies (NBFCs). The amendment in the existing Foreign Exchange Management (Transfer or Issue of Security by the Person Resident Outside India) regulations on Non- Banking Finance Companies (NBFCs) will enable inflow of foreign investment in “Other Financial Services” on automatic route provided such services are regulated by any financial sector regulators (RBI, SEBI, PFRDA etc.) / Government Agencies. Foreign investment… more »

Cabinet approves financial support to BHEL for R&D project for development of Advanced Ultra Super Critical Technology

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 10 hours ago
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved a proposal of R&D project for development of Advanced Ultra Super Critical (AUSC) Technology for Thermal Power Plant with an estimated cost of Rs.1554 crore and providing one time budgetary support of Rs.900 crore spread over a period of three years, commencing from 2017-18, to be provided as plan Gross Budgetary Support to BHEL for implementation of the R&D project. A Consortium of three Government Entities, namely Bharat Heavy Electricals Limited (BHEL), Indira Gandhi Centre … more »

I&B Minister Shri M Venkaiah Naidu launches Special Web Page on Festival of Independence

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
Shri M Venkaiah Naidu, Minister for Information and Broadcasting today launched a special webpage developed by Press Information Bureau on Festival of Independence, 2016. The webpage that can be accessed from PIB’s home page, pib.nic.in is designed as a platform to showcase all the events related to the Festival being celebrated throughout the country. The webpage showcases hundreds of archival photographs, audio and video clips, write-ups and features on leaders and events related to the freedom struggle. The webpage will host live webcast of Hon’ble Prime Minister Shri Narendra Mod… more »

Did you know…

Did you know…

… that today is the birthday of Steve Wozniak (1950)? Steve Wozniak, nicknamed Woz, and sometimes The Wonderful Wizard of Woz, is an American inventor, electronics engineer, programmer, and technology entrepreneur who co-founded Apple Inc. Happy birthday, Woz!

~~~

Today’s Inspirational Quote:

“Never trust a computer you can’t throw out a window.”

— Steve Wozniak

https://www.linkedin.com/pulse/13-c-suitism-holism-dhananjay-parkhe?published=t

#13 in C-Suitism is Holism

Edit post

Holistic :

  • PHILOSOPHY : characterized by the belief that the parts of something are intimately interconnected and explicable only by reference to the whole.
  • MEDICINE : characterized by the treatment of the whole person, taking into account mental and social factors, rather than just the symptoms of a disease.

We would have met and heard the Holistic word more as a तकिया कलाम {takiya kalam} = CATCHPHRASE, CATCHWORD from the mouths of Managers, Consultants and C Suite Members where you would have always wondered why in @#$% are they using this and it is appropriate and relevant:) .

Holism as a

  • PHILOSOPHY : is the theory that parts of a whole are in intimate interconnection, such that they cannot exist independently of the whole, or cannot be understood without reference to the whole, which is thus regarded as greater than the sum of its parts.
  • Holism is often applied to mental states, language, and ecology.
  • MEDICINE : the treating of the whole person, taking into account mental and social factors, rather than just the symptoms of a disease.

Students of Marketing would have always been thrown off-guard by Professors who use this Catch phrase but what it means is :

Holistic: A marketing strategy that is developed by thinking about the business as a whole, its place in the broader economy and society, and in the lives of its customers. It attempts to develop and maintain multiple perspectives on the company’s commercial activities.

And here indeed, I like this definition

Read more:http://www.businessdictionary.com/definition/holistic-marketing.html

And Holism remains:

Systems worldview or methodology based on the observation that a whole is greater than the sum of its parts, displays properties (called ’emergent’) neither possessed by its components nor anticipated from their analysis, and that the nature of a thing or a complex system cannot be understood by breaking it apart but only by looking at in its totality. Opposite of reductionism.

Read more:http://www.businessdictionary.com/definition/holism.html

I just thought, Holism would be useful for the C Suite Members to know in its ‘Totality’:) so that they are not caught off-guard by the new breed of Consultants adept at throwing Catch-phrases and new jargon.

Term of the Day and Fun Definitions

TERM OF THE DAY AUGUST 10, 2016
due diligence
f   t
1. General: Measure of prudence, responsibility, and diligence that is expected from, and ordinarily exercised by, a reasonable and prudent person under the circumstances.
2. Business: Duty of a firm’s directors and officers to act prudently in evaluatingassociated risks in all transactions.
3. Investing: Duty of the investor to gather necessary information on actual or potential risks … Read more
USAGE EXAMPLE
When it came to his investments, Ken never put much research into it, but after a huge huge loss, he started to do his due diligence.
FUNNY DEFINITION OF THE DAY
What does “tycoon” mean?
A person for whom the government makes customized laws.
Take a look below at the amusing takes we found for a number of popular business terms!

ability: The virtue you are forced to use if your boss has no daughter.

adminisphere: The levels of management where big, impractical, and counterproductive decisions are made.

advertising: The art of convincing people to spend money they don’t have for something they don’t need. (Will Rogers)

all new: Not compatible with earlier versions.

ambiguity: The lack of clarity in speech, or something like that.

applicating: The act of submitting applications.

argument: An exchange of words between people with diametrically opposed views, all of whom know that they are right. (Kevin Boddington)

blamestorming: A method of collectively finding one to blame for a mistake no one is willing to confess to. Often occurs in the form of a meeting of colleagues at work, gathered to decide who is to blame for a problem.

boss: Someone who is early when you are late and late when you are early.

cell phone: An electronic device for one-to-one communication and one-to-many irritation. (Chris Simmons)

circular reasoning: See reasoning, circular.

civil servant: Someone who isn’t civil and doesn’t serve.

class action: A stylish deed.

clicklexia: A disorder often suffered by novice computer users in which they have a tendency to double-click on items which only require one click, often resulting in two items opening instead of just one.

clone: 1. An exact duplicate; “Our product is a clone of their product.” 2. A shoddy, spurious copy; “Their product is a clone of our product.”

committee: An entity that keeps minutes and loses hours.

comprehension: Something that one has to get in order to get it. (Dave Peters)

compromise: The art of dividing a cake in such a way that everybody believes he got the biggest piece.

computer: An electronic time-saving device that is commonly used for time-wasting activities. (Warwick Annear)

computer expert: Someone who has not read the instructions, but who will nevertheless feel qualified to install a program and, when it does not function correctly, pronounce it incompatible with the operating system. (Priscilla Mann)

cooperate: Used of oneself, to enter into a constructive collaboration with another person. Used of someone else, to do exactly as one is told. (Gordon Burnside)

corporation: An ingenious device for obtaining individual profit without individual responsibility. (Ambrose Bierce)

design: What you later regret not doing.

dictionary: The only place where success comes before work.

DIY: Damage-It-Yourself. (Mike Allen)

egosurfing: Typing your own name into google to see who’s talking about you.

experience: 1. The ability to repeat one’s mistakes with ever-increasing confidence. (Patrick Hoyte) 2. What you get when you don’t get what you want.

FAQ: Frequently Avoided Questions. A company’s attempt to answer commonly asked questions such as, “How do I get technical support?” (Guy Kawasaki)

feature: A hardware limitation, as described by a marketing representative.

flow chart: A graphic representation of a bowl of spaghetti.

freelance: To collect unemployment.

hardware: The parts of a computer which can be kicked.

inbox: A catch basin for everything you don’t want to deal with, but are afraid to throw away.

initiative: Deliberately disobeying a destructive order from your manager and being right in the long run.

innumeracy: An ineptitude for mathematics which results in the fear of all sums. (Simon Stacey)

instruction manual: An explanation of how to use something written in a way that is easily understood only by the author. (Phil Smith)

jury: Twelve persons chosen to decide who has the better lawyer. (Robert Frost)

life insurance: term (coined by the greatest marketer of all time) for a plan that keeps you poor all your life so you can die rich

management: The art of getting other people to do the work.

management consultant: Someone who tells you how to do improve doing something that he or she can’t do at all. (Shankar Sivanandan)

marketing: The art of selling a product that doesn’t cost much to produce in such a way that people will take out a small loan to own it. (Jo Buckingham)

meeting: An assembly of people coming together to decide what person or department not represented in the room must solve a problem.

mouse: An input device designed to make computer errors easier to generate.

multislacking: Doing two or more useless activities simultaneously instead of working.

negotiate: To seek a meeting of the minds without the knocking together of heads.

outsourcery: The belief that all business problems can magically be solved by outsourcing.

password: Series of letters and numbers written on a post-it note and stuck on a monitor.

phonesia: The affliction of dialing a phone number and forgetting whom you were calling just as they answer. (Rich Hall)

recursive: See recursive.

résumé: The closest many of us will ever come to perfection.

search engine: A program that enables computer users to locate information and advertisers to locate computer users. (Damien Whinnery)

self-employed: Jobless.

state of the art: Anything that you can’t afford.

strategy: A long-range plan whose merit cannot be evaluated until sometime after those creating it have left the organization.

tact: The art of getting your point across without stabbing someone with it.

telecrastination: The act of always letting the phone ring at least twice before you pick it up, even when you’re only six inches away.

television: A commercial delivery system.

timefoolery: Setting the alarm clock ahead of the real time in order to fool yourself into thinking you are not getting up so early. (Rich Hall)

tycoon: A person for whom the government makes customized laws.

unemployment office: A career placement service for humanities majors.

unfair competition: Selling more cheaply than we do.

Windows: The times between when companies innovate and when Microsoft incorporates. (Guy Kawasaki)

wisdom: Knowing what to do with what you know.

Education
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About the Author » Adam Colgate started writing for BusinessDictionary in September of 2010. » Read more by Adam Colgate.

Govt News In Brief

Requested Ministry-wise PIB releases

I&B Minister Shri M Venkaiah Naidu launches Special Web Page on Festival of Independence

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 hours ago
Shri M Venkaiah Naidu, Minister for Information and Broadcasting today launched a special webpage developed by Press Information Bureau on Festival of Independence, 2016. The webpage that can be accessed from PIB’s home page, pib.nic.in is designed as a platform to showcase all the events related to the Festival being celebrated throughout the country. The webpage showcases hundreds of archival photographs, audio and video clips, write-ups and features on leaders and events related to the freedom struggle. The webpage will host live webcast of Hon’ble Prime Minister Shri Narendra Mod… more »

PM’s remarks at the Dedication Ceremony for Kudankulam Nuclear Power Plant Unit -1

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 3 hours ago
His Excellency President Vladimir Putin, Honourable Jayalalithaa ji, Chief Minister of Tamil Nadu, Minister Sushma Swaraj ji, Minister Pon Radhakrishnan, My Dear Friends. Namaskar Vanakkam. Today is indeed a special day. Today, Excellency Putin and I have the honour to dedicate Kudankulam nuclear power plant unit-1. I am particularly grateful to President Putin for his presence at this event. And, I am delighted that Jayalalithaa ji, the Chief Minister of Tamil Nadu is also present with us on this occasion. *Friends,* In dedicating Kudankulum 1, we mark another his… more »

Minister of State for Finance and Corporate Affairs calls for Efficient Management of Resources

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 6 hours ago
Indian Cost Accounts Service (ICoAS) to play a Proactive Role in assisting the execution of Projects, Schemes and Operations of Government of India and role in GST implementation ; MOS (Finance &Corporate Affairs) inaugurated the Second Indian Cost Accounts Service Day yesterday The Minister of State for Finance and Corporate Affairs Shri Arjun Ram Meghwal emphasized that Government is committed to pursue the economic reforms by implementing GST and Indian Cost Accounts Service (ICoAS) Officers can also play proactive role in its effective implementation. Shri Meghwal also stated tha… more »

Unified guidelines for LPG distributorships

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 6 hours ago
The Minister of State (I/C) for Petroleum & Natural Gas Shri Dharmendra Pradhan informed the Rajya Sabha in a written reply today that recently, the selection guidelines for LPG distributorship have been modified and Unified Guidelines have been framed for all types of LPG distributorships of Public Sector Oil Marketing Companies (OMCs). Salient changes made in the Guidelines are as under:- (i) Four types of LPG distributorships, namely, Sheheri, Rurban, Gramin & Durgam Kshetriya Vitrak have been introduced. Setting up of ‘LPG Suvidha Kendra’ in Durgam areas has also been intro…more »

Tenure of committee looking into KG basin dispute extended

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 6 hours ago
The Minister of State (I/C) for Petroleum & Natural Gas Shri Dharmendra Pradhan informed the Rajya Sabha in a written reply today that the Government constituted a single member committee comprising of Shri Ajit Prakash Shah, former Chief Justice of Delhi High Court on 15.12.2015, to look into the dispute between Reliance Industries Limited (RIL) and ONGC regarding ONGC blocks (KG-DWN-98/2 & Godavari PML) and RIL block (KG-DWN-98/3) in Krishna Godavari basin. The committee was to submit its report in three months time. However, considering the volume of work involved and complexity … more »

Puducherry joins “UDAY” scheme ; would derive an overall net benefit of Rs 378 crore through “UDAY”

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 6 hours ago
The Government of India, and the Union Territory of Puducherry signed a Memorandum of Understanding (MOU) under the Scheme UDAY – *“Ujwal DISCOM Assurance Yojana”* today for operational turnaround of the Union Territory’s Electricity Department. The signing ceremony was held in the august presence of the Minister of State ( IC) for Power, Coal & New and Renewable Energy & Mines Shri Piyush Goyal here today. *Puducherry is the first Union Territory to sign MoU under UDAY. Along with the State of Madhya Pradesh which has also signed the MoU today, a total of 16 States/UT have joined t… more »

Madhya Pradesh joins “UDAY” scheme; would derive an overall net benefit of Rs 17,515 crore through “UDAY”

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 6 hours ago
The Government of India, the State of Madhya Pradesh and the DISCOMs of Madhya Pradesh (MP Poorva Kshetra Vidhyut Vitran Nigam Ltd., MP Paschim Kshetra Vidhyut Vitran Nigam Ltd. and MP Madhya Kshetra Vidhyut Vitran Nigam Ltd.) signed Memorandum of Understanding (MOU) under the Scheme UDAY – “Ujwal DISCOM Assurance Yojana” today for operational and financial turnaround of the DISCOMs. The signing ceremony was held in the august presence of the Minister of State ( IC) for Power, Coal & New and Renewable Energy & Mines Shri Piyush Goyal here today. *Besides the State of MP, Union Terri… more »

Address by the President Shri Pranab Mukherjee to students and faculty of higher educational and research institutions and officer trainees at Civil Service Academies through video conferencing on the topic ‘innovation: a way of life’

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 6 hours ago
Vice chancellors of central universities, Directors of IITs, NITs, IISc/ IISERs, SPAs, IIITs, NIPERs; Heads of other institutes and civil service academies; Faculty members; Officer trainees of various civil services; My dear students: 1. I am glad at this opportunity to interact with you at the beginning of the new academic session. At the start, let me welcome all the students who are new to universities and other centres of higher learning. Also, my compliments to the officer trainees who are undergoing their probationary training at their designated academies. I s… more »

President proposes nine sutras to invigorate India’s march towards a more inclusive, diverse, sustainable and innovative society

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 6 hours ago
The President of India, Shri Pranab Mukherjee addressed students and faculty of Higher Educational and Research Institutions and Officer Trainees at Civil Service Academies from Rashtrapati Bhavan today (August 10, 2016) using the National Knowledge Network. The topic of the address was ‘Innovation: A Way of Life’. Addressing the students, faculty and officer trainees, the President proposed nine sutras to invigorate India’s march towards a more inclusive, diverse, sustainable and innovative society which include –(i) we should not snub children when they ask questions to which we …more »

President Shri Pranab Mukherjee pays floral tributes to former President Shri V V Giri on his birth anniversary

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 6 hours ago
The President of India, Shri Pranab Mukherjee paid floral tributes to Shri Varhagiri Venkata Giri, former President of India on occasion of his birth anniversary at Rashtrapati Bhavan today (August 10, 2016). The President, officers and staff paid floral tributes in front of a portrait of Shri Varhagiri Venkata Giri in the Durbar Hall of Rashtrapati Bhavan. Courtesy:pib.nic.in

DR. Mahesh Sharma inspects the arrangements for ‘Bharat Parv’ at India Gate Lawns

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 6 hours ago
Dr. Mahesh Sharma, Minister of State (Independent charge) for Tourism and Culture visited the venue of “Bharat Parv” to inspect the arrangements at various stalls for cultural, cuisine and handicraft of various States, Regional Associations/Sangathans/Cultural & Social Organizations and also at pavilions earmarked for States to display their tourism products/culture & heritage/achievements/ development progress etc. He personally monitored all the arrangements and instructed the staff there for timely completion of all such arrangements including safety and security of the public and… more »

Shri Nitin Gadkari to Flag Off Two Cargo Vessels from Varanasi and lay Foundation Stone of the Multi Modal Terminal on 12th August, 2016

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 7 hours ago
The Minister for Shipping, Road Transport and Highways, Shri NitinGadkari is expected to lay the foundation stone of the Multi-Modal Terminal at Varanasi on August 12, 2016. The Hon’ble Minister will also flag off the trial run of two cargo vessels from Varanasi on this occasion. The two vessels viz. MV Joy Basudev (capacity 1400 tons) and MV V.V Giri (capacity 300 tons), containing newly assembled cars of Maruti Suzuki and construction material, respectively will be flagged off from the Aghoreshwar Bhagwan Ram Ghat Varanasi at 11 AM on August 12, 2016. The occasion will also be ma… more »

President Shri Pranab Mukherjee’s message on the eve of National Day of Chad

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 8 hours ago
The President of India, Shri Pranab Mukherjee has extended his greetings and felicitations to the Government and people of the Republic of Chad on the eve of their National Day (August 11, 2016). In a message to His Excellency Mr. Idriss Deby Itno, the President of the Republic of Chad, the President has said, “On behalf of the Government, the people of India and on my own behalf, it is with great pleasure that I convey to you and to the Government and friendly people of the Republic of Chad, warm greetings and felicitations on the occasion of your National Day. I am confident th… more »

PM Shri Narendra Modi flags off Tiranga Yatra to mark the launch of 70th Freedom Year Celebrations

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 10 hours ago
*PM pays homage to great freedom fighter Chandrashekhar Azad at his birthplace in Bhabra in Madhya Pradesh* The Prime Minister, Shri Narendra Modi, today paid homage to the great freedom fighter Chandrashekhar Azad at his birthplace at Bhabra in Alirajpur District of Madhya Pradesh. The Prime Minister garlanded the statue of Shahid Chandrashekhar Azad and visited the memorial at his birthplace. Addressing a public meeting, the Prime Minister recalled that Mahatma Gandhi had given the call for the British to Quit India – this very day. He urged to people to remember those who gave… more »

President Shri Pranab Mukherjee condoles the passing away of Shri Kalikho Pul

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 10 hours ago
The President of India, Shri Pranab Mukherjee has condoled the passing away of Shri Kalikho Pul, former Chief Minister of Arunachal Pradesh. In a message to his wife, Smt. Dangwimsai Pul, the President has said, “I am shocked and distressed to learn about the untimely demise of Shri Kalikho Pul. Words are difficult to give solace at this moment of deep loss to your family and you. Shri Kalikho Pul symbolized the hopes and aspirations of the youth of Arunachal Pradesh. He made significant contribution towards the welfare of the people of the State. In his death, we have lost a prom… more »

PM Shri Narendra Modi condoles the demise of former Chief Minister of Arunachal Pradesh Shri Kalikho Pul

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 10 hours ago
The Prime Minister, Shri Narendra Modi has condoled the demise of former Chief Minister of Arunachal Pradesh Shri Kalikho Pul. “My thoughts are with the family and supporters of Kalikho Pul on his sad demise. His service to Arunachal Pradesh will be remembered”, the Prime Minister said. Courtesy:pib.nic.in

PM Shri Narendra Modi’s interaction with Village Pradhans from Varanasi Parliamentary Constituency

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 10 hours ago
The Prime Minister, Shri Narendra Modi, today welcomed Village Pradhans from the Varanasi Parliamentary Constituency at his residence in New Delhi. This is the second such group to meet the Prime Minister. During the interaction, the Prime Minister encouraged the Pradhans to work towards educating every girl child, and promoting Swacchta in their respective villages. He emphasized that there should be no discrimination between boys and girls. He said Swachhta, or cleanliness, is the key to prosperity. The Prime Minister urged each Pradhan to resolve to undertake specific developm… more »

President Shri Pranab Mukherjee hosts ‘At Home’ for freedom fighters on the 74th anniversary of the Quit India Movement

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 10 hours ago
The President of India, Shri Pranab Mukherjee hosted an ‘At Home’ reception for freedom fighters on the occasion of the 74th anniversary of the Quit India Movement today (August 9, 2016) at the Rashtrapati Bhavan. On the occasion, the President honoured and felicitated around 100 freedom fighters from across the country in the presence of the Vice President Mohammad Hamid Ansari; Prime Minister Shri Narendra Modi; Union Minister for Home Affairs Shri Rajnath Singh and other dignitaries. Courtesy:pib.nic.in

Text of PM’s address at the Public Meeting to mark the launch of 70th Freedom Year Celebrations

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
आज अगस्‍त क्रांति दिवस है। आठ अगस्‍त को महात्‍मा गांधी ने हिंद-छोड़ो एक आह्वान किया था अंग्रेजों को, Quit India, अंग्रेजों को ललकारा था, और 09 अगस्‍त को अंग्रेज सल्‍तनत पूरे हिंदुस्‍तान में आजादी के दिवानों के ऊपर झुल्‍म ढाने लगी थी। आज इस घटना को 75 साल हो रहे हैं। और अने वाले 15 अगस्‍त देश आजाद हुआ था, उसको 70 साल हो रहे है। और इसलिए एक ऐसा अवसर है, हम फिर एक बार उन आजादी के दिवानों को याद करें, जिन लोगों ने अपनी जवानी खपा दी, अपना जीवन आहूत कर दिया। जिनके कारण आज हम आजादी की सांस ले रहे हैं। हम एक स्‍वतंत्रता जो महसूस कर रहे हैं, वो उन आजादी के दिवानों की त्‍याग, तपस्‍या और बलिदा… more »

Maharashtra launches Quit India Movement 2 against social evils

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
*It is time to convert our ‘Swaraj’ into ‘Suraj’ says Venkaiah Naidu* Commemorating the Platinum Jubilee anniversary of the Quit India Movement the Government of Maharashtra today launched the Quit India Movement 2 against various social ills, in the presence of Union Minister Shri M Venkaiah Naidu. The launch took place at the historic August Kranti Maidan in Mumbai, from where Mahatma Gandhi had given the clarion call of Quid India in 1942. Speaking on the occasion, Shri Naidu said “today after 68 years of Independence, there is a need for the people to respond with similar pass… more »

Govt. News In Brief

 

 

What is CMO? –

Term of the Day
CMO
Collateralized Mortgage Obligation. A mortgage-backed, investment-grade bond that separates mortgage pools into different maturity classes. Collateralized mortgage obligations (CMO) are backed by mortgage-backed securities with a fixed maturity. They can eliminate the risks associated with prepayment because each security is divided into maturity classes that are paid off in order. As a result…
Learn more about this term
Usage Example
My investment bank nearly went under during the Great Recession, because many of the mortgages we were trying to put together into a mortgage bond CMO all went bad at the same time.

via What is CMO? – 

Transparency International- Newsletter

8 August 2016

Today’s top story

UK: Serious Fraud Office opens Airbus corruption investigation
BBC News

The UK’s Serious Fraud Office (SFO) has launched an investigation into allegations of “fraud, bribery and corruption” in the civil aviation business of Airbus.

More news

Blogs and opinion

News from Transparency International

Important PIB Releases

President of India’s Message on the Eve of National Day of Singapore

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 hour ago
The President of India, Shri Pranab Mukherjee has extended his greetings and felicitations to the Government and people of the Republic of Singapore on the eve of their National Day (August 9, 2016). In a message to His Excellency Dr. Tony Tan Keng Yam, the President of the Republic of Singapore, the President has said, “On behalf of the Government, the people of India and on my own behalf, it is with great pleasure that I extend warm greetings and felicitations to you and to the people of Singapore on the occasion of your National Day. The bilateral relations between India and Si… more »

327 Villages Electrified Last Week; 9,653 Villages Electrified till date under DDUGJY

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 hours ago
327 Villages Electrified Last Week; 9,653 Villages Electrified till date under DDUGJY 327 villages have been electrified across the country during last week (from 1st to 7th August 2016) under Deen Dayal Upadhyaya Gram Jyoti Yojna (DDUGJY ). Out of these electrified villages, 7 villages belong to Arunachal Pradesh, 12 to Assam, 10 to Bihar, 4 to Chattisgarh, 68 to Jharkhand, , 4 to Madhya Pradesh, 11 to Manipur, 136 to Meghalaya, 8 to Nagaland, 24 to Odisha, 6 to Rajasthan, 2 to Tripura, 31 to Uttar Pradesh and 1 each to Himachal Pradesh, Jammu & Kashmir, Karnataka and Mizoram. The p… more »

PM launches Mission Bhagiratha; lays Foundation Stone of key development projects in Telangana

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 15 hours ago
The Prime Minister, Shri Narendra Modi, today launched Mission Bhagiratha at Komatibanda Village, Gajwel, in Medak District of Telangana. The scheme has been launched by the State Government with an objective to provide safe drinking water to all. The Prime Minister unveiled plaques to lay Foundation Stones for important development projects. These included the 1600 MW Thermal Power station of NTPC at Ramagundam; revival of a Fertilizer Plant at Ramagundam; Kaloji Narayana Rao University of Health Sciences, Warangal; and Manoharabad-Kothapalli Railway line. He also dedicated to the… more »

Text of PM’s speech at Gajwel, Telangana

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 15 hours ago
विशाल संख्या में पधारे मेरे भाइयों और बहनों। मेरे प्यारे भाइयों बहनों तेलंगाना बनने के बाद ये मेरी पहली Visit है और हिन्दुस्तान में तेलंगाना सबसे छोटी उम्र का राज्य है। सिर्फ दो साल हुए हैं। लेकिन दो साल की इतनी छोटी आयु में तेलंगाना ने जन आकांक्षाओ की पूर्ती के लिए, जन सामान्य की आवश्यकताओं के लिए जिस प्रकार से कदम उठाए हैं उससे मुझे विश्वास है कि जिस इरादे से तेलंगाना बनाया गया तेलंगाना के लोग तेलंगाना की सरकार उन सारे संपनों को पूरा कर के रहेगी। ऐसा मेरा विश्वास है। आज मुझे पंचशक्ति के दर्शन हुए। इस पंचशक्ति में शरीक होने का अवसर मिला जिसमें पानी भी है, प्रकाश भी है, परिवहन भी … more »

Sports Minister reviews facilities for Olympic Contingent and related issues with Indian officials at Rio de Janeiro

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 20 hours ago
Minister of State (I/C) for Youth Affairs and Sports Shri Vijay Goel after reaching Rio de Janeiro convened a meeting of Indian officials camping there to discuss and review the facilities for Indian Olympic Contingent and other related issues. Ministry and SAI officials briefed Shri Vijay Goel about the efforts made by them to address the problems, if any. The Minister was informed that Indian authorities themselves have arranged chairs etc. in players’ rooms wherever they were demanded. He was also informed that players of Indian contingent are fully focussed and disciplined and p… more »

Admiral Sunil Lanba, Chief of the Naval Staff to visit Indonesia

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 22 hours ago
The Chief of the Naval Staff, Admiral Sunil Lanba, PVSM, AVSM, ADC is proceeding on an official tour to Indonesia from 09-13 Aug 16. The visit aims to consolidate existing Maritime Cooperation initiatives with Indonesia as well as explore new avenues in accordance with India’s ‘Act East Policy’. During the visit Admiral S Lanba is scheduled to hold discussions with the Indonesian Defence Minister, Chief of Defence Forces, Chief of Indonesian Navy, besides other Senior Dignitaries and Naval Officers. India and Indonesia have historical linkages which date back ce… more »

Scholarship Scheme for J&K Students a big draw this year, Prakash Javadekar

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
Rs 75 Crore worth scholarships awarded this year The special scholarship scheme for students of Jammu and Kashmir to pursue higher education outside the state has received tremendous response this year because of awareness workshops had been organized in Kupwara, Anantnag, Srinagar, Pulwama, Jammu, Doda, Rajouri, Kathua, Kargil and Leh in the month of May this year. “Because of the transparency brought in by the Hon’ble Prime Minister Shri Narendra Modi in the scheme and conduct of these 10 awareness workshops, the special scholarship scheme for J&K students has been a b… more »

PM ’s message on National Handloom Day

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
Following is the text of Prime Minister’s message on National Handloom Day. “On National Handloom Day, let us affirm that we will give an impetus to the handloom sector and use more handloom products in our daily lives. Our handloom sector is diverse, eco friendly and is a source of employment for countless weavers, who will be very encouraged by our support. Since there are many women associated with the handloom sector, growth of the handloom sector is an important means of women empowerment also.” Courtesy: pib.nic.in

Union Minister of Agriculture, and Farmer’s Welfare, Shri Radha Mohan Singh inaugurated College of Veterinary Sciences & Animal Husbandry of Central Agricultural University (CAU) in Nagaland

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
Union Minister of Agriculture and Farmers Welfare, Govt. of India Shri Radha Mohan Singh today inaugurated the College of Veterinary Sciences & Animal Husbandry in Jalukie village, Peren District, Nagaland under the aegis of the Central Agricultural University (CAU), Imphal. The Minister while inaugurating the College said that agricultural education plays an important role in ensuring food security and human resource development in any society, wherein the role of Universities is pivotal. Considering this need, the Government of India established Central Agricultural University in… more »

PM expresses anger at self-styled gau-rakshaks (cow protectors); urges action against criminals masquerading as cow protectors.

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
*PM’s unique townhall interaction to mark two years of the launch of MyGov. * The Prime Minister, Shri Narendra Modi, today expressed anger at self-styled “gau-rakshaks” (cow-protectors) who “run shops in the name of cow protection,” and urged action against criminals who masquerade as protectors of the cow. In a unique “townhall” interaction that marked two years of MyGov, – the Government’s web platform for participatory governance – the Prime Minister asked State Governments to prepare a dossier of such people. Mentioning how cows were dying due to plastic consumption, he urged …more »

Excerpts of PM’s interaction at the Town Hall marking two years of MyGov

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
तीन अलग अलग सवाल अलग अलग तरीके से आये हैं मैं सबसे पहले तो MyGov के साथ सक्रिय रूप से जडने के लिए देशवासियों को और आप सबको हदय से बहुत’-बहुत-बधाई देता हूं, धन्‍यवाद करता हूं हमारे देश मे लोकतंत्र को एक सरल अर्थ ये हो गया कि एक बार वोट दे दो और फिर पांच साल के लिए उनको कोन्‍ट्रेक्‍ट दे दो कि बस ये तुमको दिया और अब तुम्‍हारी जिम्‍मेवारी है सारी समस्‍याओं का समाधान कर दिया और पांच साल में कुछ कमी रही तो फिर वोट देकर कर दूसरा कोन्‍ट्रक्‍टर ढूंढ लेंगें और उसको कहेगें कि देखो उसने नहीं किया तुम कर दो सिर्फ वोट देकर कर सरकार चुनना अब लोकतंत्र वहां पर सीमित हो जाता है तो लोकतंत्र को जो स्‍प… more »

Lok Sabha to consider the Constitutional Amendment bill relating to GST next week

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 days ago
*Constitutional Amendment bill passed with huge consensus in Rajya Sabha* *Rajya Sabha passed 5 Bills and Lok Sabha2 bills during the week* The passing of the Constitution (One Hundred and Twenty Second Amendment) Bill, 2014 relating to Goods & Services Tax (GST) by huge consensus in the Rajya Sabha was the hallmark of the third week of Monsoon Session of Parliament. The amendments made by Rajya Sabha in the Constitution (One Hundred and Twenty Second Amendment) Bill, 2016 as passed by Lok Sabha and as reported by the Select Committee of Rajya Sabha, have been now laid on the Table of… more »

Swachh Survekshan of 500 cities launched by Shri M.Venkaiah Naidu

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 days ago
*Swachhata Helpline ‘1969’, Swachhata App launched to promote people’s participation* *Swachh Bharat Mission not a mere slogan, a people’s movement for Clean India, says Shri Naidu* *Minister also unveils ‘Asli Tarakki’ campaign to promote use of toilets* *3 sanitation workers felicitated for exemplary work, RWAs, Corporates, TV artistes also honoured* *115 cities become ‘Open Defecation Free’; 739 more cities to become ODG by March next year* Minister of Urban Development Shri M.Venkaiah Naidu today launched ‘Swachh Suvekshan-2017’ to assess and rank 500 cities and towns …more »

Health Minister Shri J P Nadda launches MAA programme to promote breastfeeding

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 days ago
*Breastfeeding is natural and cost effective intervention and should be promoted at all levels: J P Nadda* “Breastfeeding is the most natural and cost effective intervention and should be promoted at all levels. This is an enormous resource that every child has access to. It is our job and our privilege to promote the world’s most effective investment for human development.” This was stated by Shri J P Nadda, Union Minister of Health and Family Welfare at a launch of MAA (Mothers Absolute Affection), a flagship programme for promotion of breastfeeding, here today. Shri Faggan Singh K… more »

35 Sportspersons from Indian Railways to participate in Rio Olympics

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 days ago
*Shri Suresh Prabhakar Prabhu Has Announced Rs. 1 Crore for Gold Medal Winners and Rs. 75 Lakh for Silver Medal Winners * *Indian Railways among all sports organization in the country becomes the highest contributor for the Indian Olympic Contingent * With a rich sports heritage, Indian Railways’ sports persons are again set to bring more laurels to the nation. Continuing its run of glory in country’s sports arena, around 35 sports persons from *Indian Railways* will represent the nation in forthcoming XXXI Olympic Games being held at Rio, Brazil from 5-21 August, 2016. I… more »

Union Sports Minister Inaugurates‘Exhibition on Olympic Games’ &Live Screening of Rio Games on Giant Screen at Central Park, Connaught Place, New Delhi

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 days ago
In continuation to celebrate the Olympic mood in the country,Union Minister of State (I/ C) for Youth Affairs &Sports Shri Vijay Goel here today inaugurated *‘Exhibition on Olympic Games’ & ‘Live Screening of Rio Games’*t Central Park, Connaught Place in the gracious presence of athlete Smt Karnam Malleswari, Smt Anju Bobby George and Cricketer Shri Gautam Gambhir. This is the third event organized by the Ministry of Sports and Youth Affairs to connect public at large, especially children and youth, with the Olympic spirit and power of sports. Earlier the RUN FOR RIO was organized … more »

President of India condemns militants’ attack in Assam

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 days ago
The President of India, Shri Pranab Mukherjee has strongly condemned the attack by militants in Assam’s Kokrajhar district today (August 5, 2016). In a message to Shri Padmanabha Balakrishna Acharya, the Governor of Assam, the President has said “I am extremely sad to learn about the attack by militants in Assam’s Kokrajhar district today in which a number of persons have lost their lives and several others are injured. Such senseless acts of terrorism targeting innocent lives undermine the democratic base of society and deserve to be universally condemned. They must be met with d… more »

Loans to rural entrepreneurs

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 days ago
Loans to rural entrepreneurs are provided by banks and Financial Institutions (FIs). Government have several schemes for assisting rural entrepreneurs through interest subvention or capital subsidy to effectively reduce the extent of repayments. These inter-alia include, Prime Minister’s Employment Generation Programme (PMEGP), Credit Linked Capital Subsidy Scheme (CLCSS), Amended Technology Upgradation Fund Scheme (ATUFS), etc. Government have also taken several measures to increase lending to rural entrepreneurs which inter-alia include, priority sector lending targets to banks f… more »

North Eastern Council to be reoriented: Dr Jitendra Singh

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 days ago
Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh has said the Government is seriously contemplating to reorient the North Eastern Council (NEC) to meet the current requirements and to address the new emerging issues in the North Eastern Region. Chairing a high-level meeting of the Ministry of Development of North Eastern Region (DoNER) here today, Dr Jitendra Singh recalled the Prime Minister Shri Narendra Modi’s address during the Plenary Session… more »

Security features of currency notes

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 days ago
A study on Fake Indian Currency Notes (FICN) issues, including estimation of FICN in circulation, has been undertaken by Statistical Institute (ISI), Kolkata under the overall supervision of National Investigation Agency (NIA). As per the study, the face value of FICN in circulation was found to be about Rs. 400 crores. It was found the value remained constant for the last 4 years. As per the data from National Crime Records Bureau, number of seized and recovered FICN is as follow *Number of Notes seized and recovered* *Financial Year* *Rs. 1000* *Rs. 500* *Rs. 100* *Rs. 50* *Other… more »

Govt. News in brief via PIB

PM launches Mission Bhagiratha; lays Foundation Stone of key development projects in Telangana

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 10 hours ago
The Prime Minister, Shri Narendra Modi, today launched Mission Bhagiratha at Komatibanda Village, Gajwel, in Medak District of Telangana. The scheme has been launched by the State Government with an objective to provide safe drinking water to all. The Prime Minister unveiled plaques to lay Foundation Stones for important development projects. These included the 1600 MW Thermal Power station of NTPC at Ramagundam; revival of a Fertilizer Plant at Ramagundam; Kaloji Narayana Rao University of Health Sciences, Warangal; and Manoharabad-Kothapalli Railway line. He also dedicated to the… more »

Text of PM’s speech at Gajwel, Telangana

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 10 hours ago
विशाल संख्या में पधारे मेरे भाइयों और बहनों। मेरे प्यारे भाइयों बहनों तेलंगाना बनने के बाद ये मेरी पहली Visit है और हिन्दुस्तान में तेलंगाना सबसे छोटी उम्र का राज्य है। सिर्फ दो साल हुए हैं। लेकिन दो साल की इतनी छोटी आयु में तेलंगाना ने जन आकांक्षाओ की पूर्ती के लिए, जन सामान्य की आवश्यकताओं के लिए जिस प्रकार से कदम उठाए हैं उससे मुझे विश्वास है कि जिस इरादे से तेलंगाना बनाया गया तेलंगाना के लोग तेलंगाना की सरकार उन सारे संपनों को पूरा कर के रहेगी। ऐसा मेरा विश्वास है। आज मुझे पंचशक्ति के दर्शन हुए। इस पंचशक्ति में शरीक होने का अवसर मिला जिसमें पानी भी है, प्रकाश भी है, परिवहन भी … more »

Sports Minister reviews facilities for Olympic Contingent and related issues with Indian officials at Rio de Janeiro

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 16 hours ago
Minister of State (I/C) for Youth Affairs and Sports Shri Vijay Goel after reaching Rio de Janeiro convened a meeting of Indian officials camping there to discuss and review the facilities for Indian Olympic Contingent and other related issues. Ministry and SAI officials briefed Shri Vijay Goel about the efforts made by them to address the problems, if any. The Minister was informed that Indian authorities themselves have arranged chairs etc. in players’ rooms wherever they were demanded. He was also informed that players of Indian contingent are fully focussed and disciplined and p… more »

Admiral Sunil Lanba, Chief of the Naval Staff to visit Indonesia

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 17 hours ago
The Chief of the Naval Staff, Admiral Sunil Lanba, PVSM, AVSM, ADC is proceeding on an official tour to Indonesia from 09-13 Aug 16. The visit aims to consolidate existing Maritime Cooperation initiatives with Indonesia as well as explore new avenues in accordance with India’s ‘Act East Policy’. During the visit Admiral S Lanba is scheduled to hold discussions with the Indonesian Defence Minister, Chief of Defence Forces, Chief of Indonesian Navy, besides other Senior Dignitaries and Naval Officers. India and Indonesia have historical linkages which date back ce… more »

Scholarship Scheme for J&K Students a big draw this year, Prakash Javadekar

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 21 hours ago
Rs 75 Crore worth scholarships awarded this year The special scholarship scheme for students of Jammu and Kashmir to pursue higher education outside the state has received tremendous response this year because of awareness workshops had been organized in Kupwara, Anantnag, Srinagar, Pulwama, Jammu, Doda, Rajouri, Kathua, Kargil and Leh in the month of May this year. “Because of the transparency brought in by the Hon’ble Prime Minister Shri Narendra Modi in the scheme and conduct of these 10 awareness workshops, the special scholarship scheme for J&K students has been a b… more »

PM ’s message on National Handloom Day

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 23 hours ago
Following is the text of Prime Minister’s message on National Handloom Day. “On National Handloom Day, let us affirm that we will give an impetus to the handloom sector and use more handloom products in our daily lives. Our handloom sector is diverse, eco friendly and is a source of employment for countless weavers, who will be very encouraged by our support. Since there are many women associated with the handloom sector, growth of the handloom sector is an important means of women empowerment also.” Courtesy: pib.nic.in

Union Minister of Agriculture, and Farmer’s Welfare, Shri Radha Mohan Singh inaugurated College of Veterinary Sciences & Animal Husbandry of Central Agricultural University (CAU) in Nagaland

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 23 hours ago
Union Minister of Agriculture and Farmers Welfare, Govt. of India Shri Radha Mohan Singh today inaugurated the College of Veterinary Sciences & Animal Husbandry in Jalukie village, Peren District, Nagaland under the aegis of the Central Agricultural University (CAU), Imphal. The Minister while inaugurating the College said that agricultural education plays an important role in ensuring food security and human resource development in any society, wherein the role of Universities is pivotal. Considering this need, the Government of India established Central Agricultural University in… more »

PM expresses anger at self-styled gau-rakshaks (cow protectors); urges action against criminals masquerading as cow protectors.

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 23 hours ago
*PM’s unique townhall interaction to mark two years of the launch of MyGov. * The Prime Minister, Shri Narendra Modi, today expressed anger at self-styled “gau-rakshaks” (cow-protectors) who “run shops in the name of cow protection,” and urged action against criminals who masquerade as protectors of the cow. In a unique “townhall” interaction that marked two years of MyGov, – the Government’s web platform for participatory governance – the Prime Minister asked State Governments to prepare a dossier of such people. Mentioning how cows were dying due to plastic consumption, he urged …more »

Excerpts of PM’s interaction at the Town Hall marking two years of MyGov

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 23 hours ago
तीन अलग अलग सवाल अलग अलग तरीके से आये हैं मैं सबसे पहले तो MyGov के साथ सक्रिय रूप से जडने के लिए देशवासियों को और आप सबको हदय से बहुत’-बहुत-बधाई देता हूं, धन्‍यवाद करता हूं हमारे देश मे लोकतंत्र को एक सरल अर्थ ये हो गया कि एक बार वोट दे दो और फिर पांच साल के लिए उनको कोन्‍ट्रेक्‍ट दे दो कि बस ये तुमको दिया और अब तुम्‍हारी जिम्‍मेवारी है सारी समस्‍याओं का समाधान कर दिया और पांच साल में कुछ कमी रही तो फिर वोट देकर कर दूसरा कोन्‍ट्रक्‍टर ढूंढ लेंगें और उसको कहेगें कि देखो उसने नहीं किया तुम कर दो सिर्फ वोट देकर कर सरकार चुनना अब लोकतंत्र वहां पर सीमित हो जाता है तो लोकतंत्र को जो स्‍प… more »

Lok Sabha to consider the Constitutional Amendment bill relating to GST next week

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
*Constitutional Amendment bill passed with huge consensus in Rajya Sabha* *Rajya Sabha passed 5 Bills and Lok Sabha2 bills during the week* The passing of the Constitution (One Hundred and Twenty Second Amendment) Bill, 2014 relating to Goods & Services Tax (GST) by huge consensus in the Rajya Sabha was the hallmark of the third week of Monsoon Session of Parliament. The amendments made by Rajya Sabha in the Constitution (One Hundred and Twenty Second Amendment) Bill, 2016 as passed by Lok Sabha and as reported by the Select Committee of Rajya Sabha, have been now laid on the Table of… more »

Swachh Survekshan of 500 cities launched by Shri M.Venkaiah Naidu

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
*Swachhata Helpline ‘1969’, Swachhata App launched to promote people’s participation* *Swachh Bharat Mission not a mere slogan, a people’s movement for Clean India, says Shri Naidu* *Minister also unveils ‘Asli Tarakki’ campaign to promote use of toilets* *3 sanitation workers felicitated for exemplary work, RWAs, Corporates, TV artistes also honoured* *115 cities become ‘Open Defecation Free’; 739 more cities to become ODG by March next year* Minister of Urban Development Shri M.Venkaiah Naidu today launched ‘Swachh Suvekshan-2017’ to assess and rank 500 cities and towns …more »

Health Minister Shri J P Nadda launches MAA programme to promote breastfeeding

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 1 day ago
*Breastfeeding is natural and cost effective intervention and should be promoted at all levels: J P Nadda* “Breastfeeding is the most natural and cost effective intervention and should be promoted at all levels. This is an enormous resource that every child has access to. It is our job and our privilege to promote the world’s most effective investment for human development.” This was stated by Shri J P Nadda, Union Minister of Health and Family Welfare at a launch of MAA (Mothers Absolute Affection), a flagship programme for promotion of breastfeeding, here today. Shri Faggan Singh K… more »

35 Sportspersons from Indian Railways to participate in Rio Olympics

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 days ago
*Shri Suresh Prabhakar Prabhu Has Announced Rs. 1 Crore for Gold Medal Winners and Rs. 75 Lakh for Silver Medal Winners * *Indian Railways among all sports organization in the country becomes the highest contributor for the Indian Olympic Contingent * With a rich sports heritage, Indian Railways’ sports persons are again set to bring more laurels to the nation. Continuing its run of glory in country’s sports arena, around 35 sports persons from *Indian Railways* will represent the nation in forthcoming XXXI Olympic Games being held at Rio, Brazil from 5-21 August, 2016. I… more »

Union Sports Minister Inaugurates‘Exhibition on Olympic Games’ &Live Screening of Rio Games on Giant Screen at Central Park, Connaught Place, New Delhi

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 days ago
In continuation to celebrate the Olympic mood in the country,Union Minister of State (I/ C) for Youth Affairs &Sports Shri Vijay Goel here today inaugurated *‘Exhibition on Olympic Games’ & ‘Live Screening of Rio Games’*t Central Park, Connaught Place in the gracious presence of athlete Smt Karnam Malleswari, Smt Anju Bobby George and Cricketer Shri Gautam Gambhir. This is the third event organized by the Ministry of Sports and Youth Affairs to connect public at large, especially children and youth, with the Olympic spirit and power of sports. Earlier the RUN FOR RIO was organized … more »

President of India condemns militants’ attack in Assam

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 days ago
The President of India, Shri Pranab Mukherjee has strongly condemned the attack by militants in Assam’s Kokrajhar district today (August 5, 2016). In a message to Shri Padmanabha Balakrishna Acharya, the Governor of Assam, the President has said “I am extremely sad to learn about the attack by militants in Assam’s Kokrajhar district today in which a number of persons have lost their lives and several others are injured. Such senseless acts of terrorism targeting innocent lives undermine the democratic base of society and deserve to be universally condemned. They must be met with d… more »

Loans to rural entrepreneurs

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 days ago
Loans to rural entrepreneurs are provided by banks and Financial Institutions (FIs). Government have several schemes for assisting rural entrepreneurs through interest subvention or capital subsidy to effectively reduce the extent of repayments. These inter-alia include, Prime Minister’s Employment Generation Programme (PMEGP), Credit Linked Capital Subsidy Scheme (CLCSS), Amended Technology Upgradation Fund Scheme (ATUFS), etc. Government have also taken several measures to increase lending to rural entrepreneurs which inter-alia include, priority sector lending targets to banks f… more »

North Eastern Council to be reoriented: Dr Jitendra Singh

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 days ago
Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh has said the Government is seriously contemplating to reorient the North Eastern Council (NEC) to meet the current requirements and to address the new emerging issues in the North Eastern Region. Chairing a high-level meeting of the Ministry of Development of North Eastern Region (DoNER) here today, Dr Jitendra Singh recalled the Prime Minister Shri Narendra Modi’s address during the Plenary Session… more »

Security features of currency notes

Ministry of Information and Broadcasting at Ministry of Information & Broadcasting – 2 days ago
A study on Fake Indian Currency Notes (FICN) issues, including estimation of FICN in circulation, has been undertaken by Statistical Institute (ISI), Kolkata under the overall supervision of National Investigation Agency (NIA). As per the study, the face value of FICN in circulation was found to be about Rs. 400 crores. It was found the value remained constant for the last 4 years. As per the data from National Crime Records Bureau, number of seized and recovered FICN is as follow *Number of Notes seized and recovered* *Financial Year* *Rs. 1000* *Rs. 500* *Rs. 100* *Rs. 50* *Other… more »

Sharing information on FDI

Ministry of Information and Broadcasting at