Today, the Bangalore chapter of ICWAI organised a Professional Development programme and the topic is Finance Shared Services. Mr.S.Rengarajan, Managing Director, Caterpillar India was the speaker.
Mr.Rengarajan explained what Finance Shared Services (FSS) means. He shared his experience in setting up an FSS and the benefits of FSS. He also touched upon the possible risks of an FSS or outsourcing.
He pointed out that efficiency can be built, if the systems are common. If the systems are...
Credit Policy - Highlights
Further to my post on the Credit Policy expectation, here are the highlights of the Credit Policy:
The Repo rate and the Reverse Repo Rate were increased by 25 basis points. Now the Repo rate stands at 6.5% and the Repo rate at 5.50%
The Cash Reseve Ratio (CRR) remains unchanged at 6%.
With inflation daunting the Indian economy and the government, the RBI is cautious in increasing the rate by 50 basis points - they settled for 25 bais points this time. I am sure that RBI will slowly start...
Change Management
Do not get carried away by the title. It is not really about the Change Management in a management perspective. It is managing your change (currency, coins etc.,) in a day to day life.
We struggle everywhere for change, especially in Bus, Train, Coffee shops etc., Nowadays, anything is rounded off to the nearest Rupee. No one (leave alone beggars) accepts anything less than a rupee. I tried giving 25 paise coins (4 nos) to a restaurant cashier and he looked at me and accepted the same.
With the...
Review of Monetary Policy - Today
Today is the Credit Policy day. RBI will release the Credit Policy today and the markets are eagerly waiting for the same.
It is expected to see an increase of 25 basis points in the repo and reverse repo rates.
So, for those who are waiting for good FD rates, expect the same soon.
If you remember, Review of Monetary Policy was my second post (on 28th Jan 2009). For those who want to know, what is SLR, CRR, LAF, Repo, Reverse Repo rates, please have a look at the blog posting (http://gopalramanan.blogspot.com/2009/01/third-quarter-review-of-monetary-policy.html).
Will...
Human Resources Management - A Chinese Perspective
Today (19-Jan-2011), I attended a session organised by NIPM, Bangalore Chapter at Hotel Woodlands.
The speaker and the title impressed me and forced me to attend the session. The title is "Human Resources Management - A Chinese Perspective" and the speaker - Mr.Lin Bo (VP - Human Resources - APAC, Exide Technologies).
For the first 20 minutes, Mr.Lin Bo was presenting the Chinese economy, on how they were and got to the open world in the 90s. It was nice to see someone presenting rather than reading...
Rejig of Cabinet ministers - What is the impact?
With the 2G and other scams around, the PM reshuffled the ministry except the Home, Defence, Finance, External Affairs.
It looks like Mr.Murli Deora, the man behind free pricing of Petroleum has taken over the Corporate Affairs from Mr.Salman Khursheed.
Mr.Salman Khursheed is now given the Water Resources and additional charge of Minority Affairs.
In a corporate environment, we allocate based on the experience and here it looks like experimental. That too at the cost of the public. One thing...
Index of Industrial Production (IIP) - What is it?
Today everyone was waiting for the IIP numbers to be announced by the Central Statistical Organization (CSO) of the Ministry of Statistics & Program Implementation, especially the stock market. What is it and why it is so important? Let us see what this IIP is all about and then the Nov IIP numbers released today.
The Index of Industrial Production (IIP) compares the growth in the general level of industrial activity in the economy with reference to a comparable base year. As you know, to have...
Know your EPF (Provident Fund) balance online
It was a year ago that EPFO (Employee Provident Fund Organisation) announced that it will make the balance in one's PF account will be made available online.
What it means? You need not waste your time in the PF office to know your balance, you need not wait for the account statement (which normally issued after 3 or 4 years in arrears).
How do I know my balance? Simple. Go to the following link, which is the All India PF office link. Click the "Our Regional Sites" on the left hand side.
It will...
Indiblogger meet & Akshyapatra
This was my second Indiblogger meet (on 9th Jan 2011) and an excellent turnout of bloggers from all over India. Thanks to Indiblogger and Akshayapatra (initiative from ISKCON). Akshyapatra sponsored this event by giving space and also food for the bloggers. I have been to ISKCON several times and know the food quality. The quality of food...
Cash in when the markets are down
Remember the market downfall in Jan 2008? This time also the market shed more points and is a good time for investors in get into the fundamentally good shares.
With the market comes down, start investing in the fundamentally strong stocks. Those who invested when the market was down in 2008 made a good money in 2010! Few examples: Tata Steel, Canara Bank, Tata Motors etc.,.
Do not wait for the market to bottom out, as no one know what is the bottom. Instead of the Systematic Investment Plan...
First ever World Samskrit Book Fair 2011 - Bangalore
Friends,
For those who stay in Bangalore and who has some interest in Samskrit or want to learn Samskrit, here is a good opportunity. Yes, here comes the first ever World Samskrit Book fair. It is being held in Bangalore - National School grounds, Basavanagudi, Bangalore from 7th Jan to 10th Jan 2011.
Am planning to go there, to start learning the language, which I tried in my early days. Why samskrit of all language? This is not the question that you only ask, but many, including my family members. My...
Indiblogger meet - 9th January 2011 - Bangalore
When & Where? - Sunday January 9, 2011
MVT hall (Multi Vision Theatre),
ISKCON Bangalore
HK Hill west of Chord road, Rajajinagar, Bangalore-10
Landmark: ISKCON Temple
Time: 12:30 PM - 4:30 PM
Seats Available : 300
About the meet :
Bloggers from all over the country are going to flock to Bangalore for a MASSIVE IndiBlogger meet - register quick before the seats are taken!
For more information, call Anoop Johnson at +919900001655.
Register yourself at indiblogger(dot)in
For...
HAPPY NEW YEAR - 2011
Friends,
Happy NEW YEAR to you, your family & friends. Like previous years, let this new year too usher in good luck. We wish everyone a Happy New year, every year. How about wishing once for all a HAPPY FUTURE !
Time flies and I stopped blogging from Apr 2010. I stopped blogging, as i got a mail from my company on blogging policy. That stoppage took a long time to get back to blogging.
This is not my new year resolution to start blogging, but to restart from where I left. There were many things...
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