RBI's recent measures will at best provide short-term relief, says Shailendra Bhandari, MD & CEO ING Vysya . But long term, there will be no benefit because if the idea was to provide cheaper credit then that’s unlikely to happen, he says.


Banks will find it extremely difficult to reduce base rates, he says. Only PSU banks with large mark-to-market losses are likely to benefit, he adds.

Jahangir Aziz, Chief Economist, JPMorgan, says there are solutions around the current account deficit problem, despite all emerging markets with Current Account Deficit (CAD) starting from Brazil, Indonesia, South Africa, taking a beating in the last 4-5 days. "The government actually has to take structural decisions now to get back structural portfolio flows, both on the debt and the equity side. In the absence of doing that, one-off measures cannot work.




AKANKSHA SHANU
PGDM-1 SEM.

                                                              INDUSTRIAL VISIT

                                                                    ZEE NEWS

I am pursuing PGDM course and for this course Industrial visit is must.So,today we went for a industrial visit to ZEE NEWS OFFICE.There i saw for a talk show preparation were going on. we went there , there i saw for a perfect work or result you have to work continously till u not achieve perfection. The anchor was doing the same he was not perfect in his own anchoring and continious till the director shows his thumbs up. 

        there were two talk shows ,

1- On the HEALTH of the NATION

2- On INFLATION.

                                                                   both the topics were relevant on their own,for health  we should be aware of our health, means prevention is better than cure we shold be concesious rather prefering treatement.

On inflation i came to know that it is a  huge issue which cannot be controlled in one night it needs very much dicussions and fruitful result.

AKANKSHA SHANU

PGDM -1.

                                          INDUSTRIAL VISIT

                                              ZEE NEWS

My Name is Pradeep Kumar Shukla.I am student of PGDM IIMT College of Managment Greater Noida

Today's i have gone to Industrial visit in ZEE News Flim city centre,so i have got a lot of things in there office. i sow many things these place how to have Dracing sense Communication, but first mani important things passion.

Pradeep kumar shukla

PGDM 1 Semester

Government failed to spend a Single Penny from Rape Relief Fund

A CAG report tabled in the Parliament on 13 August 2013 concluded that the Union Ministry of Women and Child Development (WCD) failed to spend a single rupee between 2009 and 2012 from the Relief to and Rehabilitation of Rape Victims.

The CAG report stated that the entire provision of 239.02 crore rupees allocated during 2009-2012 remained unutilized because the Planning Commission of India (PCI) withheld its formal approval to the new scheme. 

Earlier, the Committee of Secretaries approved the Relief to and Rehabilitation of Rape Victims Scheme in March 2006. The scheme was approved following the direction of Supreme Court of India to constitute a board to compensate financial losses suffered by rape victims. The Union Ministry of Women and Child Development for the first time circulated the draft note for the Expenditure Finance Committee approval in July 2010 delaying it by four years.

A budget allocation of 59 crore rupees, 40 crore rupees and 140 crore rupees were earmarked by the Union Finance Ministry for the years 2009-10, 2010-11 and 2011-12, respectively. But the use of the allocated budget fall a prey to the blockage between the Union Ministry of Women and Child Development and the plan panel. The blockage between the WCD and Commission was created to make a decision on the nature of the scheme. The WCD wanted it to be a central scheme with states and the Centre contributing equally, whereas, the Planning Commission wanted the disbursement to be done to the states as assistance from the centre

Failure in spending a single rupee allocated for the Relief to and Rehabilitation of Rape Victims was among the three other women-oriented schemes, where the Government has failed in spending. The other two schemes highlighted by the CAG, where zero investments were made were Swayamsidha scheme for formation of self-help groups and the Rashtriya Mahila Kosh for creating a national credit fund to finance self-help groups. The Swayamsidha Scheme was allocated 28 crore rupees, whereas, Rashtriya Mahila Kosh scheme received 115 crore rupees.


ONIKA JAISWAL
PGDM 1ST YEAR 2013-15

Finance Ministry Unveiled National Skill Certification and Monetary Reward Scheme

Union Ministry of Finance on 16 August 2013 unveiled the National Skill Certification and Monetary Reward Scheme that will be implemented on pan-India basis, in New Delhi. This is a first of its kind scheme to be launched in the country. The scheme was first proposed by the Finance Minister in the last Union Budget to allocate 1000 rupees crore for a scheme that will motivate the youth of this country to acquire a vocational skill.The scheme is expected to benefit a million people in the first year of its implementation.
The scheme that is branded as STAR (Standard Training Assessment and Reward) for promotional purposes envisages that a monetary reward that will in essence financially help those who wish to acquire a new skill or upgrade their skills to a higher level.
The Union government is committed to improving the skills of the youth in the country. The STAR scheme that is being launched today is yet another proof of this government’s commitment to leaving no stone unturned in achieving the National Skilling Mission target. Shri Chidambaram said that during 2004-05 and 2009-10, 20 million jobs were created in the country and unemployment rate declined from 8.3 percent to 6.6 percent.
With the advancement of technology, the youth need to upgrade their skills for better opportunities.The National Skilling Mission envisages adding 500 million skilled Indians by the year 2022. While 150 million are expected to be contributed by the private sector working under National Skill Development Corporation (NSDC), 350 million will be contributed by 18-odd ministries at the Centre.The major highlights of the scheme are:
• A1000 crore rupees pan-India scheme launched by the Ministry of Finance
• Branded as STAR – Standard Training Assessment and Reward
• To benefit 1 million people
• Scheme to be implemented by National Skill Development Corporation
• Each tested and certified trainee to get an average of 10000 rupees to cover training costs.


                                                                                                            Prashant  Sharma
                                                                                                                    PGDM- I
                                                                                                                    (2013-15 )

Yoga benefits: What is yoga breathing or pranayama?

After a stressful day at work, every one of us would love to experience a relaxed meditative state that relieves us from our truckload of tensions and worries. Yoga breathing or Pranayama aims at bringing the involuntary functions of the respiratory mechanism within human control.

'Prana' refers to the universal life force and 'ayama' means to regulate or lengthen. Prana is the vital energy needed by our physical and subtle layers, without which the body would perish. It is what keeps us alive. Pranayama is the control of prana through the breath. These techniques rely on breathing through the nostrils.

Prana flows through thousands of subtle energy channels called 'nadis' and energy centers called 'chakras'. The quantity and quality of prana and the way it flows through the nadis and chakras determines one's state of mind. If the Prana level is high and its flow is continuous, smooth and steady, the mind remains calm, positive and enthusiastic. However, due to lack of knowledge and attention to one's breath, the nadis and chakras in the average person may be partially or fully blocked leading to jerky and broken flow. As a result one experiences increased worries, fear, uncertainty, tensions, conflict and other negative qualities.

The ancient sages of India realised these breathing techniques. Some common pranayamas include Bhastrika, Kapalabhati, and Nadi shodan pranayama.

Regular practice increases and enhances the quantity and quality of prana, clears blocked nadis and chakras, and results in the practitioner feeling energetic, enthusiastic and positive. Practiced correctly under the right supervision prananyama brings harmony between the body, mind and spirit, making one physically, mentally spiritually and strong.


MD NAUSHAD ALAM.
PGDM, 1st year.

NPCI Planned to Induct 49 Banks as the Shareholders to Broaden its Shareholding

The National Payments Corporation of India (NPCI), in the third week of August 2013 planned to broaden its shareholding by inducting 49 banks as the shareholders. The capital of around 100 crore Rupees which is contributed by the banks towards shareholding, will facilitate NPCI in strengthening the retail payments infrastructure. It will also help in bringing down the transaction costs in the entire banking system.

It is important to note that at present, NPCI has ten main promoter banks which include HSBC, Citibank, HDFC Bank, ICICI Bank, Bank of India, Union Bank of India, Bank of Baroda, Canara Bank, Punjab National Bank and the State Bank of India. Because of being the non-profit company, NPCI does not offer any dividend to these ten banks. All these banks contribute 10 crore Rupees each in the paid-up capital of NPCI.

PwC was also appointed as the consultant of NPCI in order to examine the needs and aspirations of various banks for being a part of the NPCI ownership.

NPCI drew two criterions on the basis of which 49 banks will be inducted as the shareholders. NPCI planned to get in all banks with the business size of 1 lakh crore Rupees and above that amount. At present, there are just around 35 such banks. Out of these 35 banks, 10 banks are already the members of NPCI. In the tier-II category, i.e., banks with the business size of less than 1-lakh crore Rupees, NPCCI will be inducting the shareholders on the basis of payments or volume of the transactions which they give to the company. Thereafter, NPCI will dilute.

About National Payments Corporation of India

• NPCI is the umbrella body for all retail payment systems in India.
• The central bank of India, the Reserve Bank of India set up the Board for Payment and Settlement Systems in 2005. Thereafter, RBI released a document in which setting up of NPCI as an umbrella institution for all the retail payment systems in India, was proposed.
• The primary aim or objective of NPCI was consolidation as well as integration of various systems with varying services into one common nation-wide uniform and standard business process for all retail payment systems.
• Apart from this, its objective was also to facilitate the affordable payment mechanism for the benefit of people in India as well as for helping in the financial inclusion.