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Indian National Anthem

We all know abt the National Anthem... Lets read abt its code of ethics.. The Full version is : Jana-gana-mana-adhinayaka, jaya he Bharata-bhagya-vidhata. Punjab-Sindh-Gujarat-Maratha Dravida-Utkala-Banga Vindhya-Himachala-Yamuna-Ganga Uchchala-Jaladhi-taranga. Tava shubha name jage, Tava shubha asisa mange, Gahe tava jaya gatha, Jana-gana-mangala-dayaka jaya he Bharata-bhagya-vidhata. Jaya he, jaya he, jaya he, Jaya jaya jaya, jaya he! The above is the full version of the Anthem and its playing time is approximately 52 seconds. A short version consisting of the first and last lines of the National Anthem is also played on certain occasions. It reads as follows: Jana-gana-mana-adhinayaka, jaya he Bharata-bhagya-vidhata. Jaya he, jaya he, jaya he, Jaya jaya jaya, jaya he! Playing of the Anthem The full version of the Anthem shall be played on the following occasions: - Civil and Military investitures; When National Salute (which means the Command "Rashtriya Salute – Salami Shastr...

Textile Industry of India

Textile Industry in India is a great asset to country because of its dual nature of being both CAPITAL INTENSIVE AND LABOUR INTENSIVE... Lets have a look on its credentials... The Indian textile industry is one of the oldest and most significant industries in the country. The textile industry accounts for around 4 per cent of the gross domestic product (GDP), 14 per cent of industrial production 16 per cent of the country's total exports earnings. It is the largest foreign exchange earning sector in the country. It provides employment to over 35 million people. With direct linkages to the rural economy and the agriculture sector it is estimated that one out of every six households in the country depends on this sector, either directly or indirectly, for its livelihood. The Indian textile industry is estimated to be around US$ 52 billion and is likely to reach US$ 115 billion by 2012 . The domestic market is likely to increase from US$ 34.6 billion to US$ 60 billion by 2012. It is...

Accounts for NRIs... :-)

Well, most of us dream to be into this section of ppl, not because of their flamboyant lifestyle, but for the VAS they are provided with ...( VAS - VALUE ADDED SERVICES) The most popular accounts are the NRE and NRO accounts. NRE ACCOUNT An NRE (non-resident external) accounts gives an individual the opportunity to deposit money earned from abroad. It can be either in the form of a savings or current or term deposit account. Apart from the account holder, a resident can also operate the NRE account for making local payments as long as he has the power of attorney. NRO ACCOUNT NRO (non-resident ordinary) account gives one the privilege of depositing overseas earnings as well as Indian earnings. An NRO account can be in the form of saving, current and term deposit account. However, one can have a resident of India as a joint account holder. Income arising in foreign currency, remittances received through proper banking channel or from NRE account and any past dues from India can be depo...

Satyam Truth Untruth Limited (Continued)

The Satyam Computer Services Ltd saga has attracted comment that has chiefly focused on three angles: the ethical conduct of founder B. Ramalinga Raju; the negligence of the auditors, Price Waterhouse; and the role of independent directors. Satyam Maytas Deal The story wasn't about Satyam trying to rescue Maytas, but Maytas trying to save Satyam. How would the Maytas acquisition have helped? Satyam would have paid at least Rs 5000 crore to acquire the two companies from the promoters (the Raju family). The money was non-existent. So, it would have pretended to pay the money and ended up with the assets (the two Maytas companies). The promoters may have never got paid but that would have served them right.And everyone would have been alright Satyam would have had assets, real assets on its books instead of non-existent cash; the Raju family would have continued to manage Satyam, but would have been poorer by quite a bit; and invest...

Happy Lohri to all :-)

Happy Lohri!! May all your wishes come true and may you achieve everything you desire. Enjoy your day and don’t forget to put revari, popcorn & moongfali in the Lohri fire. It will definitely bring luck to you! May this festival of zeal and verve fill your life with lots of energy and enthusiasm and may it help you bring happiness and prosperity to you and your loved ones. Happy Lohri to one and all!

We forget many things when busy!!

Well, after exams, luckily for the first time i got ample of time to introspect , what i exactly m i doing..? Actually , after a gap of 3 yrs i have got time after exams, no sms, no long calls, no training, no busy packed schedule. In the preceding years, i have always been busy with some stuff or other right from the day one, either i start my internship in the very beginning or i started off with some activity or something, used to chat a lot on my cell and then without lookin at the odds I used to join a company for training.. This semester has been bit different in this respect, i am yet to choose a comp for trn, though by God’s grace, I have an option of two. As of now , I m not regrettin for joinin my trng so late, because i found this time as an incredible break to introspect and bring my conscious back on track. This month, I have been fortunate in getting time to think the odds in my life., I would thank my Almighty for helping me in getting this time for introspection tht ...

Corporate Governance

If u see the newspapers, this term is being given a great mileage after the SATYAM DUD… I would like my readers to know more abt it..   Corporate governance involves a set of relationships amongst the company’s management, its board of directors, its shareholders, its auditors and other stakeholders. These relationships, which involve various rules and incentives, provide the structure through which the objectives of the company are set, and the means of attaining these objectives as well as monitoring performance are determined. The key aspects of good corporate governance include transparency of corporate structures and operations; the accountability of managers and the boards to shareholders; and corporate responsibility towards stakeholders. While corporate governance essentially lays down the framework for creating long-term trust between companies and the external providers of capital, it would be wrong to think that   the   importanc...

Satyam Truth Untruth Limited

Well we have been reading about SATYAM since long, After 26/11 , this is something we are watching regularly in the newspaper, since the debacle  i have been tracking the issue and have collected various articles that I'll like to share. what ever the media says,what ever the authorities have to say, i have a soft corner for B.Ramlinga Raju, though i’ll be coming across my points at a later stage… Lets see wht others have to say 1.Though Raju has said tht neither he nor his family members have diluted any stake in Satyam, but the facts say that his stake in Satyam was 25.6% in 2001 and currently it is 8.74% 2.The sale of promoters stake took place at prices that reflected the results and prospects of Satyam as shown in the books of accounts. 3.The promoters are believed to have built up a massive land bank of around 7000 acres 4. Rs. 5040cr is the non existing cash amount 5. Rs. 1230 cr is the money owned to others and that has not been disclosed. 6. The aborted Ma...

Jai Mata Di

An Apparatus called BALANCE SHEET

Well, we all are aware abt the SATYAM fiasco, a lot many of us are familiar with BALANCE SHEET as the financial instrument, a device to detect liquidity... a tool for defining financial position of a business... Balance sheet is a statement of its wealth (assets) and what it owes to others (liabilities) at a particular point in time. The assets could be fixed assets like land, buildings, plant and machinery. They could be movables like cars or computers. They could also be liquid assets in the form of cash reserves or receivable payments due to the company from those it has sold goods to. Liabilities are anything the company has to pay to others. They would include payments due to its suppliers. Loans taken from others as well as interest due on those loans would also be part of the liabilities. What is owed to the shareholders would also fall in this category. Construction : Balance sheets present this information not explicitly under the heads assets and liabilities, but rather a...