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March 30, 2011

Mistakes in Resumes

Believe it or not, your resume has only a few seconds to gain the employer's attention. Today, most employers are flooded with resumes from eager job seekers. Therefore, to stand out from the crowd, your resume should be free of the common errors. Here is top 10 worst pitfalls to avoid while writing a resume.

1. Too many personal details
Except from your full name, contact information, including email, phone number and address, you should avoid giving further personal detail in your resume. Information about your family must be kept aside. It's you who is applying for a job position; you are what matters, not the history of your family.

2. Unrelated information
Mention such facts that lend credibility to you as a job applicant. You should avoid stating information in your resume that has nothing to do with the job you are applying for. Very often job seekers make this mistake while telling about their hobbies or accomplishments. If you are applying for a software developer position, what sense it would make if you state that you were an sports champion champion as one of your accomplishments? Think about it.
3. Highlight on duties, instead of accomplishments is a mistake
Resumes should primarily have high-impact statements about the job seeker's accomplishments that would sell his qualifications and present him as the best candidate. You must shun phrases like "responsibilities included" or "duties included" and focus on accomplishments that set you apart from other job candidates.

4. A loose objective
The very first thing in your resume that your potential employers would surely look at is the objective statement. So avoid making vague statements like "Seeking a challenging position that offers professional growth". The employers come across such lines probably hundred times a day. Try to say something specific that would serve the employers' need as well as your own.
5. Using cookie-cutter resume templates
Most resumes created from a Microsoft Word template are easily recognizable to employers. Since the employers have seen a million of them, such drab looking resumes don't stand out. You're supposed to be uniquely qualified so the company will choose you among other candidates. Therefore use a little imagination while writing your resume. It'll surely help you a lot.

6. Listing references directly on the resume
References are a good tool to increase your credibility in the eyes of your prospective employer. But you shouldn't list specific references directly on your resume. Even then, references should be given if specifically requested by the employer.
7. Including salary expectations
Never include salary related points in the resume. It will distract the reader's attention and you may lose the chance to face the interview. It's better to keep it out of your resume, unless the employer asks for it. If you get a job requirement from a job portal, placement agency or direct recruiter, they may specifically ask your current salary and expected salary. In this case, it is recommended to include the details asked above in the cover letter.

8. If you were fired from a job...
Your resume should highlight your positive aspects and each and every facet that makes you the most deserving candidate. Stating that you were fired from your earlier job for poor performance or any other fault will not help you getting the job in any way. Yes, if you are asked to explain why you left a job, you need to be truthful.
9. Poorly organized
While writing your resume, you should maintain a proper order of importance. Don't mention about your hobbies at the starting. Moreover, job titles are more important than dates of employment. It's better to put the educational details at the end. If you are a fresh graduate, then only you should highlight it. More significance should be given to those information that meet the need of the employers.

10. Typos and Grammatical Errors
It may sound insignificant, but a small spelling mistake or grammatical error can cost you the job you are applying for. Your resume needs to be grammatically perfect otherwise it will create an impression of a careless person in the minds of the employers.

March 29, 2011


An Indian politician went to the US to visit his counterpart. When the Senator invited him home for dinner, the minister was very impressed by the lavish mansion, grounds and the costly furnishings.

He asked "How can you afford all this on a meagre senator's salary?"

The senator smiled knowingly and took him to the window.
"Can you see the river?"
"Can you see the bridge over it?"
"Of course", said the minister.
"10 per cent", said the senator smugly.

Some time later, he had occasion to pay a return visit. The Indian minister lavished all hospitality on him. When they came to his house,the American was stunned by the huge palace the minister had built, glittering with precious art,hundreds of servants etc. etc.

"How can you possibly afford this, on a salary in RS?', he asked.

The minister called him to the window.
"See the river over there?"
"Sure", cried the senator.
"Can you see the bridge over it?"
The senator looked, was confused, peered closely and said - "No, I don't see any bridge."
"100 percent", said the minister!!

March 28, 2011

Interest u/s 234C

 As per income tax act section 234C if tax due is more than 10000 (before TDS ) then every person (non corporate) have to pay advance tax in three installment. Many persons have a impression that 10000 Limit is to be checked after TDS deducted (if deducted by anyone) but as per income tax rules 10000 Limit is to be checked before TDS deducted (if deducted by anyone) .

Total Tax due Rs 25,000/- and TDS deducted is Rs 20,000/- still the case will will be covered under interest of 234 C.
 Total Tax due Rs 9,000/-  the case will not be covered under interest of 234 C irrespective whether TDS of Rs 0 or Rs 9,000 has been deducted.
This also means if you have income of 1 lac over and above the basic limit, you can still pay the tax at one go at the year end without incurring any interest or advance payments.

March 18, 2011

For making Banking Ombudsman complaint online

For filling online complaint(Without User ID Creation) 

For filling online complaint(With User ID Creation)

The benefit of creating User ID is that you can track the status of your online complaint.

Also you can also trace the complaint status after filling directly, but in that case your tracking will generate a new application number.

E-mail address of Ombudsman officer

Changes in New Schedule VI

Sr. No.
Old Schedule Vi
Revised Schedule Vi
Rounding off of Figures appearing in financial statement
Turnover of less than Rs. 100 Crs - R/off to the nearest Hundreds, thousands or decimal thereof

Turnover of less than Rs. 100 Crs - R/off to the nearest Hundreds, thousands, lakhs or millions or decimal thereof
Turnover of Rs. 100 Crs or more but less than Rs. 500 Crs - R/off to the nearest Hundreds, thousands, lakhs or millions or decimal thereof

Turnover of Rs. 500 Crs or more - R/off to the nearest Hundreds, thousands, lakhs, millions or crores, or decimal thereof

Turnover of Rs. 100 Crs or more - R/off to the nearest lakhs, millions or crores, or decimal thereof
Net Working Capital
Current assets & Liabilities are shown together under application of funds. The net working capital appears on balance sheet.
Assets & Liabilities are to be bifurcated in to current & Non-current and to be shown separately. Hence, net working capital will not be appearing in Balance sheet.
Fixed Assets
There was no bifurcation required in to tangible & intangible assets.
Fixed assets to be shown under non-current assets and it has to be bifurcated in to Tangible & intangible assets.
Short term & long term borrowings are grouped together under the head Loan funds sub-head Secured / Unsecured
Long term borrowings to be shown under non-current liabilities and short term borrowings to be shown under current liabilities with separate disclosure of secured / unsecured loans.
Period and amount of continuing default as on the balance sheet date in repayment of loans and interest to be separately specified
Finance lease obligation
Finance lease obligations are included in current liabilities
Finance lease obligations are to be grouped under the head non-current liabilities
Lease deposits are part of loans & advances
Lease deposits to be disclosed as long term loans & advances under the head non-current assets
Both current & non-current investments to be disclosed under the head investments
Current and non-current investments are to be discosed separately under current assets & non-current assets respectively.
Loans & Advances
Loans & Advance are disclosed alongwith current assets
Loans & Advances to be broken up in long term & short term and to be disclosed under non-current & current assets respectively.
Loans & Advance to subsidiaries & others to be disclosed separately.
Loans & Advance from related parties & others to be disclosed separately.
Deffered Tax Assets / Liabilities
Deferred Tax assets / liabilities to be disclosed separately
Deferred Tax assets / liabilities to be disclosed under non-current assets / liabilities as the case may be.
Cash & Bank Balances
Bank balance to be bifurcated in scheduled banks & others
Bank balances in relation to ermarked balances, held as margin money against borrowings, deposits with more than 12 months maturity, each of these to be shown separately.
Profit & Loss
(Dr Balance)
P&L debit balance to be shown under the head Miscellaneous expenditure & losses.
Debit balance of Profit and Loss Account to be shown as negative figure under the head Surplus. Therefore, reserve & surplus balance can be negative.
Sundry Creditors
Creditors to be broken up in to micro & small suppliers and other creditors.
It is named as Trade payables and there is no mention of micro & small enterprise disclosure.
Other current liabilities
No specific mention for separate disclosure of Current maturities of long term debt
Current maturities of long term debt to be disclosed under other current liabilities.
No specific mention for separate disclosure of Current maturities of finance lease obligation
Current maturities of finance lease obligation to be disclosed.
Separate line item
Disclosure criteria
any item under which expense exceeds one per cent of the total revenue of the company or Rs. 5,000 which ever is higher; shall be disclosed separately
any item of income / expense which exceeds one per cent of the revenue from operations or Rs. 1,00,000, which ever is higher; to be disclosed separately
Expense classification
Function wise & nature wise
Expenses in Statement of Profit and Loss to be classified based on nature of expenses
Finance Cost
Finance cost to be classified in fixed loans & other loans
Finance cost shall be classified as interest expense, other borrowing costs & Gain / Loss on foreign currency transaction & translaton.
Foreign exchange gain / loss
Gain / Loss on foreign currency transaction to be shown under finance cost
Gain / Loss on foreign currency transaction to be separated into finance costs and other expenses
The purchase made and the opening & closing stock, giving break up in respect of each class of goods traded in by the company and indicating the quantities thereof.
Goods traded in by the company to be disclosed in broad heads in notes. Disclosure of quantitative details of goods is diluted

March 16, 2011

Independent Directors

The Concept of independent director was introduced in the year 1999 on the recommendations of Kumar Mangalam Birla Committee.

In the year 2004 Clause 49 of the Listing Agreement was further amended and it was made mandatory for every listed company to have an optimum combination of Executive and Non Executive Directors on the Board. It was provided that if the Chairman is the executive director, half of the Board must comprise independent director. If the chairman is non executive director, 1/3rd of the Board must be independent directors as under:-
Composition of Board

(i)      The Board of directors of the company shall have an optimum combination of executive and non-executive directors with not less than fifty percent of the board of directors comprising of non-executive directors.

(ii)     Where the Chairman of the Board is a non-executive director, at least one-third of the Board should comprise of independent directors and in case he is an executive director, at least half of the Board should comprise of independent directors.

Provided that where the non-executive Chairman is a promoter of the company or is related to any promoter or person occupying management positions at the Board level or at one level below the Board, at least one-half of the Board of the company shall consist of independent directors.

Under Companies Act, 1956 the term Independent Director has not been defined, it is defined in Listing Agreement only as under :-

The expression ‘Independent Director’ shall mean a Non Executive Director of the Company who:

a. apart from receiving Director’s remuneration, does not have any material pecuniary relationships or transactions with the company, its promoters, its directors, its senior management or its holding company, its subsidiaries and associates which may affect independence of the director;
b. is not related to promoters or persons occupying management positions at the board level or at one level below the board;
c. has not been an executive of the company in the immediately preceding three financial years;
d. is not a partner or an executive or was not partner or an executive during the preceding three years, of any of the following:
i)   the statutory audit firm or the internal audit firm that is associated with the company, and
ii) the legal firm(s) and consulting firm(s) that have a material association with the company.
e. is not a material supplier, service provider or customer or a lessor or lessee of the company, which may affect independence of the director.
f.        is not a substantial shareholder of the company i.e. owning two percent or more of the block of voting shares.
g.        Is not less than 21 years of age.


a. Associate shall mean a company, which is an “associate” as defined in Accounting Standard (AS) 23, “Accounting for Investments in Associates in Consolidated Financial Statements”, issued by the Institute of Chartered Accountants of India.

b.  “Senior management” shall mean personnel of the company who are members of its core management team excluding Board of Directors. Normally, this would comprise all members of management one level below the executive directors, including all functional heads.

c. “Relative” shall mean “relative” as defined in section 2(41) and section 6 read with Schedule IA of the Companies Act, 1956.

Nominee directors appointed by an institution, which has invested in or lent to the Company shall be deemed to be Independent Directors.


“Institution’ for this purpose means a public financial institution as defined in Section 4A of the Companies Act, 1956 or a “corresponding new bank” as defined in section 2(d) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 or the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 [both Acts].”

Independent directors are put in the Board to act as supervisory body of every activity of the company and to enhance the Good Corporate Governance Practice of the Company. Independent Directors are the very vital part of the Board. They must serve as an agent of Shareholders, Government and Company as well, they must protect the benefits of minority shareholders, they must provide valuable advice and check on the operations and activities of the Company.

However, after the scam of Satyam the reliability of Independent Director has came under question. There is lack of commitment, professionalism and clearity of liabilities of Independent Director. They are serving the role of friends of promoters.
The scam of Satyam was really an eye opener for the Government of India. If the concept of Independent Director is to be succeeded, the Government must move forward to break the nexus between the Independent Director and Promoters for that rules should be made.

March 9, 2011

Comparision Different types of Hard Disks

Types of HDD :
  1. IDE : Integrated Drive Electronics. IDE drives are also known as PATA drives( Parallel advance technology attachment )
  2. SATA : Serial advance technology attachment 
  3. SCSI : Small Computer System Interface. SCSI is pronounced as scuzzy.
  4. SAS : Serial Attached SCSI

Hard Disk Type          PINS         Data Transfer Rate                       Windows 7 Score
IDE/ PATA                40 Pins               133MB/Sec
SATA                         7 Pins                 300MB/Sec                                             5.2
SCSI                         50 to 68               640MB/Sec     
SAS                                                      805MB/Sec        Swappable

Windows 7 Perfomance Information

Processors                            Score out of 7.9

AMD K125                                   4.0
Intel Core 2 Duo T5270 1.40Ghz   4.6
Intel Core 2 Duo T5670 1.80Ghz   4.7
Intel   i3              M350 2.27 Ghz   6.3
Intel   i3              M370 2.40 Ghz   6.7
Intel   Quad       Q8300 2.50 Ghz   7.2
Intel   i7                 920  4.10 Ghz   7.2

2GB DDR2 RAM                           4.8
3 GB DDR2 RAM                          5.5
2 GB DDR3 RAM                          5.5

Hard Disk 
Non SATA Hard Disk                      4.7

SATA Hard Disk                             5.2

March 8, 2011

ROC address of Chandigarh Punjab and Himachal Pardesh


PHONE: 0172-2639415,2639416
FAX: 0172-2639416

NEW DELHI - 110019
PHONE: 011-26235703, 26235704
FAX: 011-26235702
For Physical Verification of Documents :
b) PLOT NO. 131,

March 5, 2011

How to block SBI Debit Card

    Blocking an SBI ATM Card

  1. Call the SBI helpline number as soon as you notice that your card has been misplaced, lost or stolen. Call either the toll-free number 1800112211 or 18004253800. The toll-free number is always active. Inform the helpline staff about your situation and ask them to block and deactivate your SBI ATM card.
  2. Answer the security questions asked by the helpline staff for verification and authentication of your identity. You may be asked simple personal questions like your account number, wheter the card was delivered by post or collected from Branch, your residential address, the name of your father, the maiden name of your mother, your date of birth  to ascertain your identity. Once your identity is authenticated, your request for blocking the SBI ATM card will be processed. The helpline staff will also provide you a system-generated unique ticket number. It is advisable to note your SBI ATM card details in your personal diary, including your card number, card-issuing SBI branch name, branch code and your SBI account number. 
  3. Alternatively you can also contact at, 0820-2574820/821, 990074820/21.
  4. For PIN not received :
  5. For Account debited twice but cash dispensed once 
  6. SMS BLOCK XXXX (Last 4 digits of your card number) to 567676 from your registered mobile number.
    You can get last 4 digits of your card number from your Branch/Internet Banking/any of your previous card statements.
To contact SBI Credit Cards
Sms BLOCK XXXX (Last 4 digits of your card number) to 5676791 from your registered mobile number.
You can get last 4 digits of your card number from Internet Banking/any of your previous card statements.

From BSNL / MTNL Lines - 1800 180 1290 or 1860-180-1290 From all other phones - 39 02 02 02

If you want to dispute a transaction/ Fraud on your SBI credit card write to

March 3, 2011

Constructive Criticizm

The truth is we don't like criticism. But the greater truth is flawless performances are only those that are tempered by the cutting edge of criticism. As Sir Winston Churchill says, "Criticism may not be agreeable, but it is necessary. It fulfills the same function as pain in the human body. It calls attention to an unhealthy state of things."

But if not done in an effective way, criticism may also harm the employees' morale. It may annoy them, instead of improving their work.

Criticize the behavior not the individual

Sandwiching means to deliver information that could be regarded as unpleasant between two positive notes in order to reduce the negative impact. Here, a manager can open a conversation offering a compliment on the project. After that he or she can switch to the critique using an appropriate transition like "however", "but" or "although", and at the end closing the conversation with an affirmation of an overall job well done. It shows the employee that he or she is valuable to the company.

Never compare with others while criticizing as it can hurt one's self-respect. It's very vital to state the feedback or the criticism without threatening the self-respect of the person

If the feedback is delivered through e-mail, or in a simple document left on an employee's desk, chances are there that it will be set aside or even deleted. Therefore, while giving a feedback or criticizing someone, the manager should make sure that the conversation is direct and two-way.