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September 27, 2010

16 Ways to improve your Work Life

Have you gotten into a rut at work? Would you like to be more satisfiedand fulfilled in your work? Would you like to be more productive and feel a greater sense of accomplishment at the end of each day? Well you can.
It just takes a desire and commitment (though i do not have that) to renew your habits and routines.
 Follow these tips and you’ll see your work life improve. And that improvement will trickle into the rest of your life too.

1. Power Question. Keep a question like this at your desk to help you stay focused: “Am I making the most of my time right now?” or “Is this the most productive use of my time?”

2. Accept That You’ll Never Finish Your Task List. For perfectionists and overachievers this is as frustrating as a greyhound forever chasing the mechanical bunny around the track. Get off that track. Just make sure you work on your most important stuff first. Let the fluff slide, not your priorities.

3 Do not Check Email First Thing. Unless this is required in your job, then let it go until after you have completed your top priority of the day. And then process email in batches, say two or three times a day.

4. Take Breaks. It is a fact that taking breaks will increase productivity. It has been proven in studies. If you need to, find someone to help ensure you take a morning and afternoon break.

5. Make the Most of Your Commute. How do you spend your commute? Make it positive time. Use it for reading, writing, creative thinking, creative projects, listen to audio books, or, heck, write your own book! If you enjoy your commute, that happiness will spill over into how you feel at work.

6. Planning. Establish a routine of planning your week and your day. This will allow you to have your most productive week all the time. Start your day an extra 15 minutes early to do this planning everyday. Write down the top 1-3 important things you must do that day. Plan your upcoming week on Sunday evening. The weekly plan does not have to be extremely detailed. Just include the major items.

7. Choose Happiness, Humor, Gratitude, Kindness, and a Positive Outlook. Being productive and competitive in business does not mean that you have to be serious all the time. Smiling does not mean you are not working hard. Being positive does not mean you are blind to challenges. Choose to enjoy your time at work. Find others who are like this and spread good cheer. It is contagious and it grows. Try to avoid gossip and negative chat. It can be tempting, but it does not serve anyone well, including yourself.

8. Take Everything in Stride. Deadlines, tough bosses, rude clients, slow computers. Do not make them into large dramas. Do not lament the challenges of the world. Simply accept that they are there, and just keep moving forward.

9. Conflicts with Others. Let your goal be “to make progress.” Do not get caught up in trying to “be right” or to “win” the argument.. In your mind ask yourself, “How can this conflict end in something mutually agreeable ” And then get busy doing that.

10. Take Your Vacation Time. Try doing something different. If you always go on a trip, try taking a more local vacation, and really get some good rest time. Or if you always stay local, try visiting a new place. Variety is one of the keys to happiness.

11. Share Your Results. This is not about bragging, but about ensuring that you get credit for the hard work you do. Do not keep quiet thinking that the right people know what you are doing. Speak up and find ways to let the right people know how you are contributing to the success of the company.

12. Ask for Help. Do not be afraid to collaborate with others. Do not wait for your company to tell you what to do. Think creatively about how you can work with others to generate a greater result than if you had each worked on this alone.

13. Ask for More Time. If you are asked a question that stumps you or surprises you, never feel like you have to answer it right away. (unless you absolutely must) Seek more time to think about or research your answer. Simple as this, “I’ll have to get back to you with an answer later.” This will save you from giving an answer you will regret.

14. Learn from Criticism. Do not immediately reject critiques from others, even if you do not like or respect them. Sometimes people you do not like may be giving you more honest feedback than you can get from others. Do not take it personally. Even if it is personal, who cares? Listen, process, and then decide what positive action you might want to take.

15. Adapt. Adaptation is the number one survival skill of living organisms. Those that do not adapt, become extinct. In the work world, the same is true for companies, whole groups, and for individuals. Be open to change. Give it a chance. Adapt to new things while using your experience to guide you, and you will have great success.( i personally do not endorse that)

16. Learning and Improving. Always be on the lookout for opportunities to learn and improve your skills. Look for good seminars and training. Then ask work if you can attend and will they pay for your admission. If your company pays for education, use it! Borrow books from your local library, the company library, or even from your boss.. Keep learning to continually renew your enthusiasm.

September 23, 2010

Delete Blank Rows in Table Excel

  1. Select the cells in one column from the top of your list to the bottom.
  2. Make sure that all the blank cells in this selected range are the rows you want to delete.
  3. Press the F5 key on your keyboard (or select Edit, Goto).
  4. Click the Special button.
  5. Click the Blanks option and click OK. This will select all blank cells in the range you had previously selected.
  6. Now choose Edit, Delete, select the Entire Row option and click OK.

September 21, 2010

Click here for Online booking of Haryana Roadways Volvo

  Click on this to go to Online booking of Volvo Buses Haryana Roadways

  • Rs 25/- will be charged extra.
  • Net Banking facility not available now, Payment would have to be made by Visa/Mastero credit card.
  • The Whole transaction has to be completed within time frame of 10 Min.
  • You require mobile No., email address, Photo identity proof that would be carried , Name and age of the person for whom ticket is to be booked.
  • Online reservation (eTicket) will be made 6 hours to 15 days before the schedule departure of the bus service.
  • For any queries regarding bus services please contact inquiry offices of Haryana Roadways:
    Chandigarh: 0172-2704014, Delhi: 011-23861262 , Gurgaon: 0124-2320222     email:

September 20, 2010

Micro Finance financing by Bank may change

An internal Reserve Bank of India (RBI) panel has recommended that money advanced by commercial banks to micro-finance institutions, or MFIs, should no longer be treated as priority sector loans. Under banking norms, 40% of a bank’s loans need to be given to agriculture and small industries, dubbed the priority sector. Many banks fail to meet this target and lend to MFIs, which are in the business of giving tiny loans to poor borrowers; indirect financing to agriculture and small industries through such intermediaries is classified as priority sector lending.
The panel’s report has not been made public yet, but I am told that it has recommended a two-year sunset clause for such loans. In other words, banks will have to wind down their exposure to MFIs through the priority sector channel in the next two years and cannot give any fresh loans, if the recommendations are accepted.

What is the provocation for such a recommendation? MFIs borrow money from banks relatively cheaply, charge high interest rates when they lend, and make huge profits.
The success of the initial public offer of SKS Microfinance Ltd, India’s largest MFI, has also probably queered the pitch for such institutions. The float was subscribed 13.64 times and since its listing on 16 August, SKS Mircrofinance stock has risen close to 42%. Enthused by this, two more prominent microfinance firms—Share Microfin Ltd and Spandana Sphoorty Financial Ltd—want to list on the bourses. Hyderabad-based Share Microfin is merging with another MFI, Asmitha Microfin Ltd, to build size and scale ahead of its public issue. Share Microfin has at least 30.6 million borrowers and total assets of Rs. 2,595 crore; Asmitha has 1.8 million borrowers and a loan book of Rs. 1,700 crore. India’s second largest MFI, Spandana, which recently crossed the cumulative loan disbursement mark of Rs. 15,000 crore, is also planning a public listing.

I don’t have access to the latest data of all MFIs. In fiscal 2009, they added 8.5 million consumers, taking their consumer base to 22.6 million—an increase of 60%. The growth in their loan book was around 97%, from Rs. 5,950 crore to Rs. 11,734 crore. In terms of consumer acquisition, Spandana Sphoorty recorded the highest growth rate, 104%. Bandhan Financial Services Pvt. Ltd and SKS Microfinance expanded their consumer base by 91% and 87%, respectively. SKS and Spandana expanded their loan books by 214% each and Asmitha by 111%.

MFIs charge an interest rate of 24-36% while banks give them money at 10-13%, depending on their ratings. If bank loans to MFIs no longer carry the priority sector tag, the cost of such loans will go up by about 2 percentage points and make money more expensive for small borrowers. There have been rumours about capping MFI loan rates. It is not practical to have a uniform ceiling for such loan rates across India as the cost of delivery of loans is different in different parts of the country.
Some bankers see a bubble in the Indian microfinance industry. They say MFIs have bothered more about expanding their loan books than asset quality and knowing their customers. Theoretically, the tiny loans cannot go bad as in most cases such loans are repaid in weekly instalments and given to a group in which each member makes sure that others do not default. But too many MFIs are chasing the same set of borrowers and, in the process, many borrowers have higher exposure. They are finding it difficult to repay, but MFIs are not bothering too much at this point as they want to build scale, which is key to their valuations, bankers say.
As the loan books grow, their valuations go up. Some private equity funds have made investments in MFIs, valuing them at six to seven times their book value, against the global norm of 1.5-2 times.
Most bankers envy big MFIs for the profits they make by virtue of charging very high interest rates. But only 15% of around 250 MFIs in India are profitable and if indeed the interest rate at which they lend money is capped, small MFIs—some 200 of them—will be forced to shut.

When I give money to an industrialist and he makes huge profits, I feel happy. Why should I grudge an MFI making money?” asks a senior banker, who has a contrarian view. He has a point but there is a difference between a manufacturing company borrowing money from a bank and an MFI borrowing money and on-lending it at a much higher margin and making profits. In a sense, MFIs are like diamond merchants who import rough diamonds and cut, polish and add value to them before exporting at a higher margin. They reach out to the poor in remote rural pockets where banks fear to tread.

If banks start raising the cost of loans, MFIs will have to tap other sources of money, but that will push up the cost of funds. The best way of solving the problem could be for banks to directly reach out to MFI customers. Banks don’t do that now because they cannot charge the high interest rates that MFIs do. Nothing prevents them from charging high interest rates for such loans as all loan rates are free, but banks are wary of politicians and parliamentarians who will start making a noise if they start charging say 20% on tiny loans even though that’s much lower than what MFIs are charging.
RBI doesn’t need to clamp down on banks’ exposure to MFIs. All it needs to do is to encourage banks to charge higher rates on loans – to take care of the transaction cost—and compete with MFIs in rural India.

More Stress on Term Plans

On June 28, 2010, the Insurance Regulatory & Development Authority (Irda) issued a circular mandating certain elements to be incorporated in all Ulips starting September 1.

One of these elements is a ‘minimum sum assured” for all Ulips (other than pension and annuity products) not less than 10 times the annualised premium. This was done to ensure that Ulips are not turned into pure investment products.
Irda expected the Direct Taxes Code, 2010 Bill to follow this norm while extending tax incentives on insurance premia. However, the Bill went one step further to raise the multiple to 20 times the annualised premium (Section 70(2)).
The logic was obviously the same, doubly reinforced. The government wanted that the tax incentive be availed of for genuine insurance only.
But what I wish to contest today is the term “sum assured” used by the Irda circular and the term “capital sum assured” used by Section 70 of DTC; both terms refer to “sum assured” as defined under Annexure I(1) of guidelines for unit linked life insurance products, 2005. In this discussion, we shall refer to it simply as SA.
The spirit of both the statutes, the Irda circular and Section 70(2) of the DTC, is to ensure purity of insurance. That raises a fundamental question: What constitutes insurance? It is a device where two entities, the policyholder and the insurer, enter into a contract to transfer risk from the former to the latter. Prior to the contract, the policyholder carries a risk: that he/ she may die causing financial distress to dependants.
Through an insurance contract, she transfers this risk to the insurer or, more correctly, to a pool of similarly-placed policyholders.
Now the question that is: does SA constitute the entire risk cover that the policyholder seeks? My submission is that it is not; there could be another component in the risk cover (in addition to SA) that the Irda circular and DTC need to accommodate while specifying the multiple of premium.
Both statutes deviate from the standard procedure followed by insurers to calculate risk premium or mortality charge. Because the risk they assume on behalf of the pool of policyholders may be more than the SA, insurers calculate the risk premium on the actual sum they are liable to pay on death of the life assured — they call it the “sum at risk”.

What is sum at risk?
In case of a pure term policy, the sum at risk is equal to SA. But in case of an endowment plan with a waiver of a premium rider, the sum at risk is SA plus the present value of the future premia payable by the policyholder. Sum at risk, therefore, is the correct measure of the risk cover sought by a policyholder.
Therefore, both the Irda circular and Section 70(2) of the DTC the term “sum assured” should be replaced by term “sum at risk”.
This is not just a play on words. Waiver of premium rider is a sine qua non of an endowment policy; without it an endowment plan is merely investment and insurance packed together. One who buys an endowment plan with a waiver of premium rider, buys pure insurance, not a package of investment and insurance.
Rather, she buys a protection against two types of financial distress that may be caused to her dependents as a result of her death: (i) loss of a source of livelihood for the dependents, and (ii) ceasing of an investment plan for the future of the dependents.
Statutes that discriminate between a pure term policy and an endowment plan with a waiver of premium rider discriminate between the two types of financial distress. Such discrimination is unjustified.
Replacing the term "sum assured" by "sum at risk"  shall serve two purposes -- one, it shall remove statutory discrimination against policyholders who choose an endowment plan with a waiver of premium rider in place of a pure term policy to meet a specific need for a risk cover, and, two, it shall promote pure insurance as against investment-oriented endowment policies, which is the very raison-d'etre of both statutes.

September 14, 2010

Basel III Norms

What are the Basel-III norms?

These are rules written by the Bank of International Settlement’s Committee on Banking Supervision (BCBS) whose mandate is to define the reform agenda for the global banking community as a whole. The new rule prescribes how to assess risks, and how much capital to set aside for banks in keeping with their risk profile.

What are the changes which have been made to the way in which capital is defined?

Going by the new rules, the predominant component of capital is common equity and retained earnings. The new rules restrict inclusion of items such as deferred tax assets, mortgage-servicing rights and investments in financial institutions to no more than 15% of the common equity component. These rules aim to improve the quantity and quality of the capital.

What do these new rules say?

While the key capital ratio has been raised to 7% of risky assets, according to the new norms, Tier-I capital that includes common equity and perpetual preferred stock will be raised from 2-4.5% starting in phases from January 2013 to be completed by January 2015. In addition, banks will have to set aside another 2.5% as a contingency for future stress. Banks that fail to meet the buffer would be unable to pay dividends, though they will not be forced to raise cash.

How different is the approach now?

The new norms are based on renewed focus of central bankers on macro-prudential stability. The global financial crisis following the crisis in the US sub-prime market has prompted this change in approach. The previous set of guidelines, popularly known as Basel II focused on macro-prudential regulation. In other words, global regulators are now focusing on financial stability of the system as a whole rather than micro regulation of any individual bank.

How will these norms impact Indian banks?

According to RBI governor D Subbarao, Indian banks are not likely to be impacted by the new capital rules. At the end of June 30, 2010, the aggregate capital to risk-weighted assets ratio of the Indian banking system stood at 13.4%, of which Tier-I capital constituted 9.3%. As such, RBI does not expect our banking system to be significantly stretched in meeting the proposed new capital rules, both in terms of the overall capital requirement and the quality of capital. There may be some negative impact arising from shifting some deductions from Tier-I and Tier-II capital to common equity.

September 13, 2010

Common Tribunal for CA, ICWA & CS formed

Common Secretariat for Appellate Authority established under The Chartered Accountants Act, 1949, The Cost & Works Accountants Act, 1959 and The Company Secretaries Act, 1980
In terms of requirements of The Chartered Accountants Act, 1949, The Cost & Works Accountants Act, 1959 and The Company Secretaries Act, 1980, a common Secretariat for the Appellate Authority constituted by the Central Government has been established in the 4th Floor (Main Building) of ICAI Bhawan, The Institute of Chartered Accountants of India at Indraprastha Marg, New Delhi – 110002. This office would start functioning with effect from 13th September, 2010. The Officer Incharge for the office is Shri Bhaskar Bhardwaj, Dy. Secretary (Phone : 011-30110442) at the above address.
Any member of the respective institutes, aggrieved by any of the Orders of the Board of Discipline or the Disciplinary Committee of the respective institutes may, if he/she so desires, (in terms of the applicable provisions of the respect Acts) send his/her appeal to the above mentioned officer of the Authority (by name) by following the relevant provisions of the applicable Acts.

September 9, 2010

Removing Shade in Table

In order to remove background shadeing accidentally appearing in a particular table, follow these steps:-

Right click
Select "Table Properties">In Table Tab Select "Border & Shading">Click "Shading" tab

Fill> No Colur
Apply to> Paragraph

Click "OK"

September 8, 2010

Lyrics Challa Crook

 Naughty Lyrics
Great Music
Offending Video.

Oye Challa India Tu Aaya Haye, Challa India Tu Aaya
Dhoom Chik Chik Dhoom ..

Challa India, Tu Aaya Ve Jindri Nu Kam Te
Laya Ni Dil Nu Khich Di Maya
Raat Din Taxi Chalaunda
Ve Motey Dollar Kamaunda
Te Ne Nan, Te Ne Nan ..

Oye Challa Chad Ke Kamaiyan
Pyaar Diyan Karda Padaiyan
Kisi Naal Akhiyan Ladaiyan
Ennu Koi Sona
Lageya Ishq Ne Ennu Thageya
Te Ne Nan, Te Ne Nan ..

Mitran Da Ae Asool Hai
Dil Dena Ta Fazool Hai
Maar Ke Majnu Hazaar Je Lagdi Na Tu Vi Hun Na Marri
Fikran Tu Chadh Te Saariyan
Pal Do Pal Kar Le Yaariyan
Gal Mann Le Meri Ore Kite Vadh Shadh Pyaar Wale Na Kar Challa
Akhiyan Sekeyyyy

Goriyan Maiman Dekheeeee
Labh Ke Naina De Thekke
Jom Rajj Rajj Ke
Karda Pooriyan Aishan Karda
Te Ne Nan, Te Ne Nan ..

Tell Me What You Thinking About Now
I Wanna Do Everything Wanna Do It Right
Maybe I Can Help You Free Your Mind ..

Challa Tu Nai Naa Si
Hor Vi Mukhde Ne Kayi
Jinna Te Akkh Jai Aa Gayi
Tu Jaana Hai Tah
Hun Ja Saanu Nai Teri Parwah
Te Ne Nan, Te Ne Nan ..

September 6, 2010

Loan waiver to come under tax net in new regime

Corporates going in for debt restructuring may face rough weather on the income-tax front when the Direct Taxes Code (DTC) comes into play from April 1, 2012.

This is because the DTC provides that loans waived by lenders will be treated as income in the hands of the borrowers and taxed accordingly.

It may then not matter whether the loan was utilised for acquisition of capital asset or for revenue expenditure purposes, say some tax experts.

The DTC Bill seeks to directly bring within the scope of income the amount of remission or cessation of any liability by way of loan, deposit, advance or credit.

This could affect corporate debt restructuring (CDR) activities in the country. Many tax experts are of the view that the clause concerned is quite broad and vague, which could lead to litigation.

“This provision could create issues for debt restructuring activities,” Mr Samir Kanabar, Tax Director, Ernst & Young, told Business Line.

CDR packages may not always involve waiver of loan repayments, but there could be cases where loans are rescheduled or partial waiver is agreed.

“The Code proposes to treat such remission (of loan, deposit, advance or credit) as income for tax purposes. However, the same may require reconsideration in light of genuine debt and financial restructuring exercises to mitigate undue hardships,” said Mr Aseem Chawla, Partner, Amarchand & Mangaldas.

September 3, 2010

Dheemi Dheemi Chalne lagi hai

I like only the first para of this song..

Dheemi dheemi chalne lagi hain ab hawaein
Dheemi dheemi khulne lagi hain aaj rahaein
Rangne lage hain manzil ko jaane ke raah saare
Jaise aasman kay chheente pade hon banke sitaare
Dheemi dheemi roshni si
Beh rahi hain in hawaon mein yahaan

Hairat hairat hairat hai
Tu hai toh har ek lamha khubsoorat hai
Hairat hairat hairat hai
Tu hai toh har ek lamha khubsoorat hai

Dheemi Dheemi Chalne lagi hai

 I like only the first para with the wording Dheemi Dheemi.
I don't think that Hairat hai... deserves to be punch line of this song
Dheemi dheemi chalne lagi hain ab hawaein
Dheemi dheemi khulne lagi hain aaj rahaein
Rangne lage hain manzil ko jaane ke raah saare
Jaise aasman kay chheente pade hon banke sitaare
Dheemi dheemi roshni si
Beh rahi hain in hawaon mein yahaan

Hairat hairat hairat hai
Tu hai toh har ek lamha khubsoorat hai
Hairat hairat hairat hai
Tu hai toh har ek lamha khubsoorat hai

Shaam thhi , koi joh noor aa gaya,
Yahaan ho gayi hain subah
Raat ka naam-o-nishaan tak nahi kahin
Hai sahar har jagah
Khoi khoi khawabon mein
Chhupi chhupi khwaishein
Naram se ret pe, geeli geeli baarishein
Lipta hoon raahon mein, raahon ki baahon mein
Hai ab meri jagah
Kal pe chha gaya dhuan
Yeh jo pal naya huaa
Ho gayi shuru nayee daastaaan

Hairat hairat hairat hai
Tu hai toh har ek lamha khubsoorat hai
Hairat hairat hairat hai
Tu hai toh har ek lamha khubsoorat hai

Dheemi dheemi chalne lagi hain ab hawaein
Dheemi dheemi khulne lagi hain aaj rahaein
Rangne lage hain manzil ko jaane ke raah saare
Jaise aasman kay chheente pade hon banke sitaare
Dheemi dheemi roshni si
Beh rahi hain in hawaon mein yahaan

Hairat hairat hairat hai
Tu hai toh har ek lamha khubsoorat hai
Hairat hairat hairat hai
Tu hai toh har ek lamha khubsoorat hai