I CHERISH

I actually felt it will be lot easy to talk about the topic which is close to my heart but it turned out to be extremely difficult one to write those moments. OK for my part I want to share an experience today which broke me in pieces, shook me but again gave courage to struggle. It is a story of a girl and her parents who were forced to be a victim of dowry and her pregnant daughter was thrown out of the house because it was the female  infanticide she was living with. We always talk about the amount of pain a girl has to bear when she is the real victim of the sorrow. But the bitter fact is the pain lies equally with the family of the girl. It’s tough to watch the dry eyes of the parents looking for a better life for her daughter. It is hard to raise a hurt little girl to an independent strong mother. It is even harsh when society tries to judge you. The reason told by the society is, you are a WOMAN, unfortunately. But the best part is, in all this chaos in her life, the girl had her family who stood right beside her, a family which is going to be there in all your goods and bad. We were so closely bonded that there wasn’t a micro space of particle. That bonding, love and affection made me strong and helped me raise my voice which is not shivering anymore. Those moments taught me how to handle a broken father, an old mother, a lost sister and raise your new born niece flowering with all the love of a mother. It also taught me that revenge is a waste of energy, all you need to have is good deeds and belief that everything will fall in place.
One thing I do want to mention here before concluding that I wants culprits to be behind bars but till then I can still cherish a new life among my family, I can cherish to be more stronger than I thought I could be .

A women represents a family, a society and an unbreakable idol. Our society still might be full of dirt and black hole but it’s our duty as a woman to behold our dignity and never back down.

To everyone, I expect you to cherish this special power we all have inside to be greater than what we think we are, before someone tries to break you. We all have it in us. When things falling apart, we see ourselves becoming stronger if we just never give up.

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Relations

Easy to make, difficult to understand
Complex to carry them.
Burdened heart is all we have
Looking for happiness all over the world
Try to look inner you
All the answers lies in their.
Flourish all your hassle
Happiness lies with the one whom you love.
Maintain love and affection
IT is all the relation need.

images

 

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Companies Act 2013 & Corporate Governance in India.

This is a research paper in which I have tried to address some major points of amendments in Company Act 2013 and what will be the consequences of this on corporate governance.

Abstract

Purpose: After long stretch of 56 years, the (Indian) Companies Act 1956 is now in the process of being substituted by a new law of Companies Act 2013. The main purpose of this paper to highlight amendments made in the law and its direct/indirect importance for the stakeholders. The paper will cover on beneficiary factors of the Act which covers the stakeholders as well as emphasis conveyed in the Clause 49 of the corporate governance.

Method: Research covers a traditional approach for analyzing journals, papers, interpretation of scholars on the topic. It also analyzes the litigation part of act which deals with principles of law and legal institutions.

Result: Findings of this paper are elementary in nature as the focus of law has shifted from the growth of the company to the benefits of the stakeholders in the company. The government has emphasized more on increasing the foreign investment thus resulting in making a strong reputation of economy in the world’s eye.

Practical Implications: Stakeholders have always been the key focus area of any company. Thus the new law enacted on the companies, not only benefits the people involved at the higher managerial level but also pushes small scale companies in the market towards easy return and benefits.

Originality/Value: The paper attempts to encourage the entrepreneurs with lucid company policy and reaping benefits.

Introduction

Our society is ever changing and evolving with the period of time .We as a human need change in our behavior, style and food and so does our law. The Company Act was enacted in 1956 which enabled companies to be formed by registration, and set out the responsibilities of companies, their directors and secretaries. The Act, 1956 was administered by the Government of India through the Ministry of Corporate Affairs and the Offices of Registrar of Companies etc. Since the Act, 1956 was commenced, it was amended many times as per the need of the economy but the major amendments were made in 1988, 1990, 2000 and 2011.

The 2013 Act introduces some eminent changes in the provisions related to corporate governance, E-Management, Compliance and enforcement, Mergers and Acquisition. There are many new concepts which differentiate a current law from the previous one .The law enforced in 2013 enforces in the composition of board of directors and corporate governance. The need of the hour is to focus on the stakeholders because India is the growing economy. In order to cope up with the international economic scenario, the law needs to remain dynamic and adapt changes in business environment. The two major topics to be discussed is a) Corporate Governance and b) Board of Directors which is Clause 49.

What gets measured gets managed. Adequate disclosure thus ensures good governance. Corporate governance issues not only have its impact on the corporate sector, but are necessary condition for the long term sustainability of the development of the growing economy. The role of corporate governance mechanism in economic growth remained virtually invisible until the East Asian financial crisis (1997-1998). The global financial institution, corporations and global economies, brought with it an indisputable challenge to policy makers and thus called for development and prosecution of competent corporate governance instrument.

This paper attempts to highlight the key changes made in the Companies Act 2013 .We try to figure out the beneficial factors of the amendments along with keeping in mind the current business scenario in India.

THE JOURNEY OF COMPANIES ACT, 2013

2008: Companies Bill, 2008 was introduced on 23rd October 2008 in the Lok Sabha to replace existing Companies Act 1956.

2009: Companies Bill, 2009 was re introduced on 3rd August 2009 in the Lok Sabha. Bill was referred to the Standing Committee on Finance of the Parliament for examination and report.

2010: Report of the Standing Committee on Finance on Companies Bill, 2009 was introduced in the Lok Sabha on 31st August 2010.

2011: Companies Bill 2011 introduced in the Lok Sabha on 14th December 2011.

2012: The Companies Bill, 2012 was introduced and got its assent in the Lok Sabha on 18 December 2012.

2013: Companies Bill, 2012 was passed by the Rajya Sabha on 8th August, 2013. After having received the assent of the President of India on 29 August 2013, it has now become the much awaited Companies Act, 2013.

Literature Review

Evolution

There has been a phenomenal rise among researchers and practitioners to study corporate governance over the past decade. The thought of corporate governance may seem unexplored to some people, yet its origin can be traced back to as early as the 1600’s. At that time, the Court of Directors was the executive body that ran the East India Company on behalf of the Court of Proprietors. This mirrors the modern era of corporate governance (Cadbury, 2002). On the other hand, Hann (2001) diagnosed four origins of corporate governance, which help people advance a better understanding of the terms. In the contemporary times when the corporate sector across the globe was hit by scandals and big companies like Enron, WorldCom bridled with debatable corporate policies collapsed. India too had its share of scam with Satyam being an incident thought to be the first of its kind. Though amendments in the area of corporate governance have been afoot since 1990’s, it was not until the Satyam scandal that exposed flagrant gaps in the governance structure and auditing practices in the country that acted as stimulation for a modern legislation. The Companies Act, 2013 is a move by the government to strengthen the corporate governance skeleton in a country where most of the businesses are characterized by robust shareholding and channeling of funds. The Act revitalizes good governance practices by placing the onus on independent directors to bring oversight in the functioning of the Board and protect the interest of minority shareholders.

We all know that the companies in India are monitored by the Companies Act 1956. This act is the most significant corporate legislation that entrusts the Central Government to standardize the following: Formation of the companies, Financing of the companies, Functioning of the companies, Winding up of companies. It was enacted in 1956. This act facilitates companies to be formed by registration, and arrange the responsibilities of companies, their directors and secretaries. Government of India oversees this act through the Ministry of Corporate Affairs and the Offices of Registrar of Companies, Official Liquidators, Public Trustee, Company Law Board, Director of Inspection, etc. The Registrar of Companies (ROC) stems the incorporation of new companies and the administration of running companies. The act is exercised to whole of India and to all types of companies, whether registered under this Act or an earlier Act.

Part One: Tight knitted Corporate Governance.

Corporate Governance is defined as the relationship between shareholders and their companies and the way in which shareholders act to encourage best practices”. There are certain key elements of corporate governance which we need to understand before understanding the difference between the Act 1956 and Act 2013.

  • Shareholders right and obligation.
  • Audit transparency and disclosure.
  • Role of Board of Directors.
  • Stakeholder’s role in Corporate Governance.
  • Shareholders equitable and treatment.

The corporate governance has different set of rules for every aspect of the business unit. It lays emphasis on safeguarding the interest of all those people who are concerned with the functioning of the business unit .The definition says that there has to be transparency in business for those who are investing in it.

The Company Act 2013 shares the same view of making the functioning if the business unit more translucent to the general public. There was a regulatory urge to control corporate governance often. As there was an increase in unethical and dishonest practices prevailing in the market and tremendous growth in the scams area. Thus the initiative taken by the Government to take some serious steps in the control of the audits and working of the company was actually a necessary step.

Part Two: Empowerment and Encouragement

Any company is run by the people who are involved in the decision making. The necessary changes as per the international standard are done as follows:

Concept of One Person Company: One person company is a company with only one person. It states that one person will be the shareholder of the company. It also avails the benefit of a private limited company such as separate legal entity, in fact protecting personal assets from business liability; the most important is perpetual succession. The benefit of this move is for the e commerce industries and for the startup companies who dream of starting their own company.

Board of Directors: Although there are many changes made in the structuring and the powers of the board of directors but the one who hold our attention is:

Woman director

The categories of companies which need to comply with the requirement of having at least of one woman director are as follows: [section 149(1) of 2013 Act]

(i) Every listed company, within one year from the commencement of second provision to sub-section (1) of section 149

(ii) Every other public company that has paid–up share capital of one hundred crore rupees or more, or a turnover of three hundred crore rupees or more within three years from the commencement of second proviso to sub-section (1) of section 149.

This is a mind boggling move from the Indian Government in order to remove gender diversity and enhance the position of women in the company.

Board Functioning

The Companies Act, 2013 provides that a public as well as a private company can have a maximum of fifteen directors on the Board and appointing more than fifteen directors would require approval of a study of corporate governance under the companies act, 2013 shareholders through a special resolution in the General Meeting.

A) It also provides for appointment of at least one woman director on the Board for such class or classes of companies as may be prescribed. The Act makes it mandatory for a company to have minimum one director who has stayed in the country for a period of 182 days in the previous calendar year

.

B) Disqualification of directors

The Companies Act, 2013 makes directors’ disqualification more stringent, includes more scrutiny around related party transactions. The 2013 Act includes the following additional grounds of disqualification:

(i) A person who has been convicted of an offence dealing with related party transactions at any time during the past five years.

(ii) The directorship in private companies has also been brought under the ambit of disqualification on ground for non-filing of annual financial statements or annual returns for any continuous period of three years, or failure to repay deposits for more than a year.

C) Number of Directorships

As per the provisions of the Companies Act, 2013, a person cannot become a director in more than 20 companies instead of 15 as provided in the Companies Act 1956 and out of this 20, he cannot be director of more than 10 public companies.

Part Three: (Clause 49)

To make parallel the company law with Clause 49 of Equity Listing Agreement (Clause 49), 2013 Act has popularized the concept of Independent Directors. In this respect, few of the general observations are as follows:

(a) The term independent director has been defined with certain prescribed qualification and disqualification. [Section 149(6)]

(b) Every listed company is required to have at-least one-third of the total number of directors as independent directors. Independent directors shall be entitled to sitting fees, commission from the profit and reimbursement of expenses. However, they will not be entitled to stock options. [Section 149(9)]

(c) The appointment of the independent director shall be approved by the members in a general meeting and they will not be required to retire by rotation. [Section 149(13)]

(d) An independent director can hold the office for consecutive two terms of five years each following which there should be three years break before he or she is reappointed as an independent director. [Section 149(11)]

(e) Nominee director shall not be considered as an independent director. [Section 149(6)]

(f) While the motive of 2013 Act is to coordinate itself with Clause 49, there is little countenance which is different. All listed companies will now have to comply with Clause 49 and 2013 Act which might make the compliance process more cumbersome.

(g) Independent director shall only be liable for such act of omission, commission by a company which had occurred with his or her knowledge, attributable through Board processes, and with his/ her consent or connivance or where he or she had not acted diligently. [Section 149(12)]

Conclusion

The committee has well analyzed the international business standards. Newton’s third law explains that every action has equal and opposite reaction. The Act 1956 was a voluminous document with 781 sections whereas the Company Act 2013 is divided into 29 chapters containing 470 sections. The conceptual paper based on finding the benefits from the Companies Act 2013 has stressed on few basic changes which were made keeping in mind the international standards. Government has stressed on transparency of the business and making the companies self responsible for their course of action. The Companies Act, 2013 is landmark legislation with far reaching consequences on all companies incorporated in India. The Act, 2013 is more outward looking and attempts to align with international requirements. It is expected to set the tone for a more modern legislation which enables growth and greater regulation of the corporate sector in India.

The 2013 Act has been developed with a view to enhance self–regulation, improve corporate governance norms, enhance accountability on the part of corporate and auditors, raise levels of transparency and protect interests of investors, particularly small investors.

  • Corporate Governance will keep the strict watch over the working of the companies.
  • Corporate Social Responsibility under corporate governance has a new clause of constituting of Corporate Social Responsibility Committee of the board consisting of three or more directors. Thus an essential step to improve the infrastructure of the economy.
  • Corporate issues require quick resolution in terms of mergers and amalgamation .Transparency in accounts and audits through corporate governance will lead to fluid transactions.
  • Capital market regulator has an eminent role to play in the public access to capital by the companies and must have the necessary space to develop suitable framework in tune with the fluidity of the capital markets.
  • Introduction of SFIO (Serious Fraud Investigating Office) is a commendable attempt. SFIO is in-charge for framing of the charges, arrest and filing of other documents.
  • India as a growing economy needed encouragement specifically in the small scale companies. The committee felt the need of changing the structure as it will be unfair to burden the small size company as large public listed companies.
  • Change in constitution of Board of Directors is the big step as the company has laid emphasis on the appointment of one Women director. This step clears the vision of government that women holds equal position to men. Also a big move in the area of empowerment and gender biasness.
  • The recession of 2008 has seen the worst phase of unemployment in private sector and thus opening the door of small scale companies or the world of E-commerce. The Act 2013 is favorable for the young entrepreneurs in every manner.
          1. Concept of Independent director.
          2. Concept of One Person Company.
          3. Fast track mergers.
          4. Listing and de-listing of the companies.

References

1. Glasgow B (2002), “Corporate Governance: A time for Change – Public and Private Sector Measures Move Forward”, Chemical Market Report, Vol.262, pp. 24-26.

2. Cadbury A (2002), Corporate Governance Chairmanship: A personal view, Oxford University Press, Great Britain.

3. Hann D P (2001), “Emerging issues in US Corporate Governance: Are the recent reforms working?” Defense Counsel Journal, VOL.68, No. 2, pp. 191-205.

4. Sparks R (2003), “From Corporate governance to Corporate Responsibility: The Changing Boardroom Agenda”, IVEY Business Journal, Vol 67, No. 4.

5ABagel mc Williams and Donalds Siegel (2000), “Corporate Social Responsibility and Financial Performance: Correlation or misspecification Strategic Management Journal, Volume 21, No. 5, PP 603-609.

6. Gao Y (2009), “Corporate Social Performance in China: Evidence from Large Companies”, Journal of Business Ethics, Vol. 89, No .1, pp.23-55.

7. Salam MA (2009), “Corporate Social Responsibility in Purchasing and Supply chain”, Journal of Business Ethics, Bol.85, N. 2, pp.355-370.

8. Cannon t (1994), Corporate Responsibility: A textbook on Business Ethics, Governance, Environment Roles and Responsibilities, Pitman Publishing, Great Britain.

9. Fama EF (1980), “Agency Problems and the Theory of the Firm”, Journal of Political Economy, Vol. 88, pp. 288-307.

10. Conyon MJ and Sadler G V (2001), “Executive PAY, Tournaments and Corporate Performance in UK Firms”, International Journal of Management Reviews, Vol.3, pp.141-168.

11. Berle A and Means GC (1932), the Modern Corporation and Private Property, Macmillan, New York.

12. Dwivedi N and Jain A K (2005), “Corporate Governance and Performance of Indian Firms: The Effect of Board Size and Ownership”, Employee Responsibilities and Right Journal, Vol 17, No.3, pp .161-172.

13. Chibber PK and Majumdar SK (1999), “Foreign Ownership and Profitability: Property Rights, control, and the Performance of Firms in Indian Industry”, Journal of Law and Economics, Vol. 42, No. 1, pp.209-238.

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Why MBA?

MBA is the most dignified degree of our time. But somehow this thought of WHY MBA? keeps pondering over my head. In fact I used to teach MBA students and every time I questioned them why do you want to pursue this course, the answers remained same”Just to have a master degree and increase numbers in our current salary”. I was dumbstruck hearing these.

My idea of doing MBA was to build a personality of my own.A quick decision maker, analyst and a smart business woman. However this concept is now lost in books only. In practical world, it means a degree which can change your 3 figure salary to may be 6 figure salary. Students are not trained to have a personality which influences the world. They are trained to grab a best job in the market.The concept of MBA was to make a person who has the capability to work under stress and handle a group with his own intellectual ideas. He needs to be a person with a growing perspective

We need to break the prejudice of doing MBA for all the wrong reasons.Each course is designed to improve some specific skills which are inherited in you. Courses not only help you financially but done to make you a better person with an objective. As a teacher, or students we need to look into the depth of the course offerings. MBA encourages you to be a whole person with lot many qualities of leadership,decision skills etc.

Hope the course offerings will be discussed first now.Rather than just taking a degree.

Any comments will be appreciated.Keep Reading !!!!

 

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Overhead Thoughts

Career is an option or ambition?
Dwindling thought for every woman.
Where “ambitious” is a compliment or criticism?
Difficult to understand the vicious thoughts.
Hurdles all over,Patience is all you seek.
Keep digging your own way,Is all you need.
Scribble your thoughts & learn to succumb despair.
Am sure, wounds will definitely be repaired.

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Some extra coins in pocket

MONEY, BANK BALANCE, JOBS, SLEEPLESS NIGHTS

Our bank balance keep sending us nightmares as Christmas gift. Money is the cause for all the sleepless nights, for rich and poor both. Everyone keeps thinking about some extra ways to add few more  pennies to their account. So I call it as disease “Penny Syndrome”. and myself is the victim of this.Thus I decided to do some research on it and try some hands on various side business available online and offline.

Lets take a look at some simple and unique ideas:

  • BLOGGING

Its the world of technology and selling your skills. If you are good in writing and write  some good articles.Then its the time to write posts and run your own blog.Another option available is logging into various websites which offer jobs in writing.

Blogging Blackboard Story Chalkboard Chalk Believe

    • SUBSTITUTE TEACH

A good teacher can inspire hope, ignite the imagination, and instill a love of learning.
Brad Henry
Why not share your knowledge with the world and earn money out of it.You can take up your favorite subject and tea online.Thousand of websites provide you a great platform to share your thoughts and experience.

woman-teacher-cartoon

    • START-UP

A revolution has been made in the online business and software development.Build your own unique idea and run a start up of your own.All you need is to groom your brain a little and come up with phenomenal idea. And just don’t worry,Government is in support to encourage the ideas and are ready to fund the incredible thought.

start up

    • BE A RETAILER

Amazon, Flip kart, Snap deal etc. are one place where you can start your own business by investing a nominal amount. Search a product which has the highest selling ratio in these sites and now search another sites from where you can get same product at less rates. Once a chain starts, you start generating revenue.The only skill you need is to be a good researcher.

e commerce

    • ORGANIC FARMING

Sorry to say but we have polluted our world by using chemicals,cutting trees etc.As a result the crop we produce is not of the fine quality as we gt 100 years back.So why not to switch to organic farming and earn handsome amount by selling organic crop which is in huge demand these days. All you require is to be grounded on your own soil.

organic

The list doesn’t stop here, multiple options are available in order to add balance in your accounts.For more ideas and queries, write in the comment section.It will be appreciated and answered.

START ADDING MONEY 

Thanks for reading the post.

piggy

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Personality-We Admire

F.Scott Fitzgerald- Personality is an unbroken senses of successfull gestures.

Imitating our favourite actors and actresses was our best act we did as child.But have we ever gave a deep thought about why do we imitate someone ?.The answer is quite translucent, we love the aura,the personality of the person whom we admire.It is our thoughts,feelings and behaviour towards others are some common traits which distinguishes us from the bunch of people.And that’s how we stand as an individual.Crux of the above short lines is in order to stand out from herd we need to groom our personality or in simple terms “Personality Development“.

Personality development is nothing but the act  of moving from an inert and disinterested state of existence to a zelous,motivated and joyous one.It is how you celebrate your uniqueness without any boundaries,but only with positive inertia amd enthusiasm to conquer the world.

Tips to improve:

  1. Proton Test: Science has proved that no element can change the basic characteristic of proton i.e “Positive”.Similarly all you need to do is to stay positive in worst situations too.
  2. To talk or not to talk: Choose your words nicely. These words are the crucial player in your personality because they represent your thoughts and attitude.Thus improve your communication skills.
  3. All ears open: Our teachers must have scolded everyone atleast once for not listening. Listening not only gives you enough time to evaluate other persom thought process but also leaves a positive impact of valuing others talk. So bring in practice and be a good listener.
  4. Learn to Appreciate: As a head or team member you should not take all the credit alone. Appreciating your team members enhances their zeal and dedication towards work.
  5. A lion: You need to learn to be a lion i.e “Strong” in any situation .Because if you are the leader and you yourself looses a hope, it becomes difficult to manage a group amd you fail miserably.So act smart and strong.

Personality development includes other aspects also such as being compassionate, sharing responsibilties etc.But as wisely said all the qualties cannot be imbibed in one go.It is an ever evolving process but important is you never stop.

A.EinsteinTry not to become a man of success,but rather try to become a man of value.

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Does words really matter?

I was wondering one day that is it really possible if i was deaf and dumb and my husband would understand even my deepest thoughts.That was the time I rushed from my living area to my bedroom to fetch some papers and pen and designed a foolproof game.Where i was the one who played the victim as always and he was to understand my thoughts.A long one hour we spent playing ,cuddling and finally the conclusion was yes, he could understand my thoughts.The results were not just because he love me but because my non verbal communicating power were too strong.The same kind of game is played in the interview room .Where interview is a game amd you are being judged as a victim.You keep  practicising on formulating the best answer for each question but what yoy forget is to practice your body language.

As wise man has said your eyes speaks the truth .Your body language expresses your nervousness or your excitement.So while we are busy preparing our question answer round, why not to spare some 15 minutes to improve our non verbal communication.There are thousands of books and online tests available to improve your gestures and most important thr facial expressions.Girls gear up your smile can be the answer to many unknown questions amd boys dnt be disheartened your charming eyes will help you to create the powrful impact.

Some of the tips even I am mentioning here.

  • Look engaged with a pleasant smile on your face.
  • Do not open your eyes wide to make an eye contact.Soften your eyes to make them look natural.
  • Practice at home in front of mirror.Yes the old method but somehow it helps a lot.
  • Figure out your reactions when you are nervous.May be chewing nails, eyes blinking,rubbing nose etc.Work on those areas.
  • Lift your eyebrows a little, just to ensure that you are having an interesting conversation.

There are endless methods through which you can improvise your non verbal communication.Because words are always the later stage, you connect through your body.The above story was may be enteratining but it has a sense.We connect through our eyes, gestures and positive feel.

Learn,Practice and Improvise.

Thanks for reading the post.All the thoughts and questions will be appreciated in the commemts section.Happy reading.

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Tickling thought

Likes, Dislike, Follow, Tweet ……

Our life  surrounded by social media or to be named as “SOCIAL ANIMAL”. Every time we are looking for  validation from others. Have we lost our self confidence and continuously we seek others to appreciate us. Its funny, I myself just keep checking my blog stats and every time it increases ,I start to brag it to my family and friends. But then this thought tickled my head..Do my thoughts need  to be validated from others..Is this the reason I scribble..

I guess this tickles never comes to an end as sea has no define destination.

Sea-Elba-Island-Girl-Back-Dreams-Thoughts-Want-1842347.jpg

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Smart ways to get the job.

Six figure salary,  lavish life,  party  and what not  we dream from our first job. These dreams can be turned into reality. All you need is some efforts in the right direction. Lets start learning to be smart and diplomatic to get what you desire.

Dressing:

Your clothes make the first impression.Do not worry if they are not branded.Your hike in salary will get you many brands in closet.

  • For Boys:  Pick any dark color trouser and pair them with light color shirt. Do not go for Chinese collar and double pocket shirt. Jump for stripes and solid color shirts. They are never out of fashion. Yes you got to make the fashion statement. You good looks will definitely boost your confidence. Oops….Don’t forget to wear your formal shoes that too the laces one.
  • For Girls:  Sorry girls, we do have to choose this time from our closet a nice striped shirt  and ankle fitted trouser. Make sure that your trousers are in proper shape. Those who want to go for ethnic wear wear any subtle color which suits your skin color. Avoid choosing very bright color .

    Gestures:

    Our body talks even before our mouth does .so beware and practice to control them. They speak in coordination with our emotions.Thus it is very very important to control your movements. Open palms and hands suggests you confidence and positive attitude. Whereas if you fidgeting all the time during your interviewer ,it may cause distraction to interviewer and also passes on low confidence message. An interesting part of interviewer is to read the interviewer body language too. Nodding head, leaning forward, tilting head to one direction ensures that you have made a mark .pexels-photo-288477

    Making notes:

    It is always recommended to carry a pen and paper during your interview so that you can jot down questions asked and practice them later at home.

    Small tips:

      Some add on are always there which might creates a bad impression. So make a note of them a night before the interview.

    • Carry 2 copies of you Cv’s along with documents.
    • Paste your photograph.
    • Sign your CV with date before passing it to interviewer.
    • Arrange your document folder in chronological order.
    • Reach on time scheduled.
    • Read vacancy detail .Also employers literature – Like what stream of business they are working in and how you can be useful to them.
    • Do not ever bad mouth your previous employer.It might get you in trouble.
    • Give a firm handshake to interviewer before and after the interview.

Rest you know about your achievements and  capabilities which you want to  brag.So just impress them with your skills and confidence.Do not forget to treat your friends and family once you get the job.

hand-648444_960_720

Wish you Luck

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MBA Interview Questions

Nervous, Jitters, sweated palms, fast heartbeats….These nerves expressions are endless and everyone experiences these  right before the interview. So why not to prepare yourself with some common interview questions and bang the interview with confidence.

    1. Tell me something about yourself.
      Aahh… the most common and expected question of the interview. But to prepare for this, start with your educational qualifications in deep because this is the first step of creating an impact in the interviewer mind. This answer should be well versed and well written.Do not give him any detail which is unnecessary and you think it can create a fuss for you.The maximum limit for this answer should be 2 minutes
      Hi..I am Himanshee Singh and starting from my educational background i have completed my MBA from Pune University ……………..(Gradually you can come down to your graduation detail) and the last step will be to introduce your family and may be hometown if  you are willing to look for a job in different city.
    2. Explain your weakness.
      An employer is always interested in knowing how creative you are in manipulating your answers. Everyone has some weakness and some strengths but the art lies in presenting your weakness as strength.
      I am extremely impatient in nature . I feel frustrated if i find my team working in not the expected manner. And this leads me to start thinking about upgrading their skills and developing a training program.
    3. .How would you solve a problem with your lateral thinking.
      Employer here is interested in checking your creativity in order to measure how much you can contribute in the organisation with your innovative thinking. Lateral thinking is the ability to use your imagination to look at a problem in a fresh way and come up with a unique solution. Thus form an answer may be from your personal life also whee you have solved a problem with your innovative idea .Trust me we all have this ability and we all do something amazing in our day to day life.
    4. Describe any situation where you have depicted leadership skill.
    5. What motivates you to do good job.
    6. How do you define success.
    7. Where do you see yourself five years from now.
    8. Do you think you ca be the asset to the company.
    9. Why should/should not hire you
    10. How do you manage your time and prioritize tasks.

These are the commonly asked questions.Keep following the blog for more rigorous questions.

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A real example: Right to Information Act-2005

Right to Information Act is passed by Parliament on 15th June 2005 and came fully into force on 12th October 2005. The Act is applicable in whole of the India except Jammu and Kashmir . The Act is to provide right to information for citizen of the country. It explains that there should be complete  transparency between the public authorities and the citizens. We as a citizen have a right to know about the working policies and methods of these authorities. Along with this a common person can utilize this act if any public office is not responding to his requests and applications and have a right to be heard.

Let us understand  this act by one example:

University Issues:  It is sad but truth is we do face lots of errors in marks uploading from the university . But the worst part is there is no common channel through which student issues are addressed in appropriate time.

For example- A student from MBA was a student of one university and was pursuing his course from the reputed college. When her result was declared in first semester ,she found that marks of one subject was missing and it did not evens how that she was absent in that particular exam.For correction of this error she wrote several emails and letters to the university but her marks were not uploaded till 3rd semester and neither she received any response for her letters. The result of this negligence from the public authority is been face by the student. She cannot appear for her placements because her marks sheet is not proper.Thus in order to save her future she had to travel all the way to university location from her hometown to get the correction done.

Now comes the ugly face of the public offices. The correction involved 3-4 times visit to the office . The question here is are these public offices are working properly in the favor of citizen. And if there are committees who are established for redressing requests and applications .Then why there is never response form those persons .Should we use the Right of Information Act 2005 so often ?

Interesting Fact:
1.Political parties such as Congress ,BJP, BSP, NCP etc are also covered under this act because they are working for public.We have a right to access any information from their policies and information.

2. Digital Right to Information System:  Our system has failed terribly in responding to requests digitally. Hoping, as India is going digital we wish to see our systems to respond better to applications.

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Lyrics Overhead

Very thoughful

coolpeppermint

lightface

Backwards and forwards but no direction feels true / I know i can feel you cry when I’m / High above those clouds / But I must go chase this stream of mind

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