Training in the industrial organizations July 10, 2010
Posted by admin in : Indian Economy , add a commentTraining forms the axle of the industrial wheel. It is an inevitable and continuous process in an industrial setup, and no industrial organization can function successfully without training its employees. Every time you get someone to do work the way you want it done, you are training. Every time you give directions or discuss a procedure, you are training.
Any industrial organization will definitely fail to achieve its ends if these training programmers are ineffectively conducted. The organization, the trainer and the trainee are the three key factors which contribute in equal importance to the effectiveness of training.
SINGLE FARES TO STOP CONFUSION July 4, 2010
Posted by admin in : Indian Economy , add a commentThe Indian government seems to be very efficient in the aviation sectors recently. Due to the recession, they first took steps in order to bring the airline fares and now it has taken the next step towards helping the public. The aviation minister Mr. Praful Patel has asked all airlines to provide transparency in their airfares. Earlier the Directorate General of Civil Aviation had issued a notice regarding following the transparency policy. Till now only kingfisher airlines has started following this transparency policy. This step has been taken in order to help the public from getting confused with the actual fares as some airlines first advertise low fares and then charge the passengers with extra surcharges under different heads. This policy will prevent such confusions.
GDP EXPECTED TO SLOWDOWN DESPITE STIMULUS 2.0 July 3, 2010
Posted by admin in : Indian Economy , add a commentEven though the second stimulus is out, it seems it will not help the gross domestic product greatly. The second stimulus has proven to be just a confidence booster. Experts say this stimulus would merely affect the gross domestic product of the nation. They also add that the gross domestic product may further slowdown to 6.7% in this fiscal year 2009 and may be even to around 5.8% in the fiscal year 2010. This is expected due to the high fiscal deficit which occurred due to the economic slowdown last year. The govt. is also not to be blamed as they have taken all possible measures given the fiscal constraints and with banks left with very little.
Economy July 2, 2010
Posted by admin in : Indian Economy , add a commentGlobalization, liberalization and free market are some of the most significant modern trends in economy. Most economists in country seem captivated by the spell of the free market. Consequently, nothing seems good or normal that does not accord with the requirements of the free market. A price that is determined by the seller or, for that matter, established by anyone other than the aggregate of consumers seems pernicious. Accordingly, it requires a major act of will to think of price-fixing as both normal and having a valuable economic function. In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that it requires.
MARUTI SLIDES DOWN July 1, 2010
Posted by admin in : Indian Economy , add a commentIndia’s largest car maker Maruti Suzuki has posted a net profit of Rs. 214 crore for the third quarter that ended in December 2008. This is about 54% lesser than that recorded by the car maker during the same period in the fiscal year 2007. It had recorded a net profit of Rs. 467 crore then. The main reason for this dip in the net profit is the rise in material costs, Overstock outlet coupon codes lower volumes and of course, the currency changes in the fiscal year. One of the main players is the economic slowdown that has hit the country. The company’s total income has also gone down slightly this year when compared to its income during the same period in the previous fiscal.
AIRLINES UNDER ADDITIONAL PRESSURE June 29, 2010
Posted by admin in : Indian Economy , add a commentThe airlines have been under pressure for a while now. The main reason for this is the recession that is prevailing all over the world. Due to the economic recession all over the world, many are insecure about their jobs and seeing many getting dumped by their respective companies, all have gone to the save mode. The save mode about which I am talking here is the save money mode which has forced many not to go for the posh air tickets to travel. In addition to this, the new problem has arisen for the airlines as the air turbine fuel (ATF) has been raised by Rs. 2,750 per kilolitre.
IPL2 READY FOR SUCCESS June 25, 2010
Posted by admin in : Indian Economy , add a commentThe Indian Premier League is not just like any other cricket tournament, but a high profile business extravaganza. The reason why I say it to be a big business extravaganza is due to the millions of dollars involved in its making. In order to satisfy its huge fan base, though it is Indian as its name suggests, due to political pressure and security concerns it has been shifted to South Africa. And now, in order to make it a success and to pull in huge crowds in the grounds, they have announced many offers in ticketing like free tickets for children under the age of 12 and many more.
TECH MAHINDRA, NEW OWNER OF SATYAM June 19, 2010
Posted by admin in : Indian Economy , add a commentThe information technology major, Satyam has been in news for about half year now. But the reason for it to be in news is not worth talking of now. Though it has been in news for no good reason till now, it has got reasons to breathe easy now. Its employees have a sigh of relief now as Tech Mahindra has won the auction of Satyam yesterday. It has acquired the company by bidding for Rs. 51 per share. It will cost tech Mahindra about Rs. 2,800 crores to acquire 51% of satyam’s share. The companies that participated in the bidding includes Larson and Tubro too.
TATA POWER INTO COST CUTTING MEASURES June 14, 2010
Posted by admin in : Indian Economy , add a commentWith the economic slowdown prevailing in the country, each and every company from small to big is getting affected. This economic slowdown as they say has forced the industrial sector to move into cost cutting mode. The recent proof of this cost cutting measure is from the side of the industrial major Mr. Ratan Tata. Tata Power which is being led by Mr. Prasad Menon had ideas of constructing its own power plant. This has started in full flow and the important thing to be noted here is that the power project is being constructed by Tata itself rather than giving the tender to other constructing companies. This Mundra power project of 4, 000 megawatt is expected to be ready by 2012.
INDIA EXPECTED TO RECOVER FASTER THAN ITS COUNTERPARTS June 9, 2010
Posted by admin in : Indian Economy , add a commentWith the recession hitting the entire world, no country is left unaffected. Though United States of America is the country most affected, India seems to be steady as of now. Earlier it was usually said that the Indian economy was largely dependent on the economy of United States of America, but now it is not the same state. Even though USA is hit by recession, it is being said that it is only an economic slowdown for India and not a recession yet. In recent days, India seemed to recover effectively from the hit and is also expected to recover much faster than the rest of the world when a global revive begins as per the governor of Reserve bank of India.