All about Digital India Week

July 1, 2015

What is Digital India?

  • With the launch of Digital India programme, the government is taking a big step forward to transform the country into a digitally empowered knowledge economy.
  • PM is expected to unveil various schemes worth over Rs 1 lakh crore like Digital Locker, e-eduction, e-health, e-sign and national scholarship portal.
  • BharatNet in 11 states and Next Generation Network (NGN), are also a part of Digital India campaign.
  • The programme includes projects that aim to ensure that government services are available to citizens electronically and people get benefit of the latest information and communication technology.
  • The Ministry of Communications and IT is the nodal agency to implement the programme.

Apps for Digital India

  • Digital India Portal, MyGov Mobile App, Swachh Bharat Mission App and Aadhaar Mobile Update App.

Vision Of Digital India

  • Digital Infrastructure as a Utility to Every Citizen
  • Governance & Services on Demand
  • Digital Empowerment of Citizens

Pillars Of Digital India

  • Broadband Highways
  • Universal Access to Phones
  • Public Internet Access Programme
  • e-Governance – Reforming government through Technology
  • e-Kranti – Electronic delivery of services
  • Information for All
  • Electronics Manufacturing – Target NET ZERO Imports
  • IT for Jobs
  • Early Harvest Programmes

Impact of Digital India by 2019

  • Broadband in 2.5 lakh villages, universal phone connectivity
  • Net Zero Imports by 2020
  • 400,000 Public Internet Access Points
  • Wi-fi in 2.5 lakh schools, all universities; Public wi-fi hotspots for citizens
  • Digital Inclusion: 1.7 Cr trained for IT, Telecom and Electronics Jobs
  • Job creation: Direct 1.7 Cr. and Indirect at least 8.5 Cr.
  • e-Governance & eServices: Across government
  • India to be leader in IT use in services – health, education, banking
  • Digitally empowered citizens – public cloud, internet access

Benefits of Digital Locker

  • Digital Locker facility will help citizens to digitally store their important documents like PAN card, passport, mark sheets and degree certificates.
  • Digital Locker will provide secure access to Government issued documents. It uses authenticity services provided by Aadhaar.
  • It is aimed at eliminating the use of physical documents and enables sharing of verified electronic documents across government agencies.
  • Digital Locker provides a dedicated personal storage space in the cloud to citizens, linked to citizens Aadhaar number.
  • Digital Locker will reduce the administrative overhead of government departments and agencies created due to paper work.
  • It will also make it easy for the residents to receive services by saving time and effort as their documents will now be available anytime, anywhere and can be shared electronically.
  • To sign-up for your Digital Locker, one need your Aadhaar number and a Mobile number that is linked to that Aadhaar Number.

What is National Optical Fibre Network (NOFN)?

  • NOFN proposes seven lakh kilometers of optical fibre to be laid to connect 250 gram panchayats in three years.
  • Public Wi-fi spots will be provided around the clusters after that and all villages will be provided with internet connectivity.

Source: http://www.oneindia.com/feature/what-is-digital-india-programme-explained-1792279.html

According to Communications and Information Technology Minister Ravi Shankar Prasad, “ten states including Maharashtra, Madhya Prasad, Rajasthan, West Bengal, Haryana and Chhattisgarh, are ready to roll out the NOFN to facilitate Digital India.

Read more at: http://www.oneindia.com/feature/what-is-digital-india-programme-explained-1792279.html


Top five things which should never be shared on Facebook

September 3, 2013

The social media has become an integral part of everyday life but users need to be aware of what and how much they share on sites like Facebook which might be used by malicious hackers.

Those users who use the name of their pets as password for their social media account should try and avoid revealing it online and a recent research by Google indicated that 1 in 6 people use their pet’s name as password.

Another of such social media shares which make a strict no-no is one’s mother’s maiden name, which is a security question asked by a bank and users who have their family added in their social media account should keep their privacy settings high in order to avoid any hacking, metro.co.uk reports.

Apart from mother’s maiden name, security question related to first school attended can also be used as a potential tool for hacking into one’s account.

The report said that revealing one’s birth date is equally sensitive to be put online and if someone wants to reveal, they shouldn’t mention the year.

Source: DNAIndia


Top 10 stocks to buy in uncertain times

September 3, 2013

Top 10 stocks to buy in uncertain times

  1. L&T: The stock is trading at decade low valuation.
  2. HDFC Bank: Consistency will lead to premium valuation.
  3. Reliance Industries: Myopic market is ignoring long-term value.
  4. Coal India: High risk reward with low risk.
  5. M&M: Rural consumption will lead to re-rating.
  6. Ranbaxy: Top Pharma pick with target of Rs. 675.
  7. BPCL: Upstream investment value equals its entire stock price.
  8. Prestige Estates: Rental income to lead to 100 per cent upside in 3-year.
  9. Eicher Motors: Company well positioned for strong growth. Royal Enfield will cruise along for high growth.
  10. Gujarat Pipavav Port: Recovery in container volume will lead to growth.

 

Source : NDTV Profit


Business Tips

April 2, 2013

1. Here’s a sales mantra. Find out whom your would-be clients hate. That knowledge can help you push them towards your deal, particularly if they are sitting on the fence ready to teeter off to one side or the other.

2. One of the best sales techniques is to ask when can you meet the client and how soon – and then show up.

3. Suggest the same idea to two different key executives in the same company. If you can get them to agree separately that the idea is sound then, when you put them together, a sale is probably going to be the result.

4. Sales presentation made to a large group of people is a different ball game. If you try to sell to more than one person at the same time, you are introducing into the sale the dynamics of their inter-relationships, which can do nothing but detract from your purpose.

5. People in business want to do business with winners. It helps to make your present customers aware of either your own or your company’s big wins in the past. Out-and-out bragging is not a very good idea, but it can be done subtly in a million other ways.

6. Here’s a negotiation tip. The point of negotiation is to reach an agreement that is mutually advantageous to both parties. To make it a contest of egos can only work against you.

7. Acknowledge the other party’s feelings. This is the oldest psychological technique in the world and works just as well in negotiations as it does in any other form of human relations.

8. The pressure to get a deal done can make you say and do things that aren’t in your best interest. If the other party knows you have a deadline, they really don’t need to know anything else.

9. Time itself – or the passing of it – can also be one of your most valuable negotiating allies. Anxiety and desire to get a deal done breed hyper-kinetic behaviour. There is a natural tendency to speed up the negotiation process rather than to slow it down.  Force yourself to resist this urge, and take advantage of it in others.

10. Positioning is the key to a successful product. Always associate your product with positive values – positive home values, positive environment values, or positive values of excellence. Inevitably, these produce positive results.

11. Learn to master what is a conducive sales atmosphere. Just as there is a right time to make a sale there is usually a right place for it as well.

12. A chance encounter at a non-business locale can also present an opportunity. For example, running into a business associate at a beach or tennis club. You can bring up business topics, and follow them up later at office.

13. Never forget this sales mantra: It is so much easier to sell someone what they want to buy than it is to convince them to buy what you are selling.

14. If you are keen on a sales pitch, find out who does the buying. Every company has its system, procedures, and pecking order for making decisions. You should know these, if you want to win a bid.

15. If Edison had gone to business school, we would all be reading by larger candles. So, often business demands innovation, unconventional thinking.

16. Listen aggressively. Keep pausing. A slightly uncomfortable silence will make people say even more. Try it.

17. Talk less. That way you will learn more, hear more, see more and make fewer blunders.

18. Observe aggressively and learn to use it to advantage. You don’t need to read a book on body language to interpret certain gestures.

19. Business situations always come down to people situations. And the sooner you know about the person you are dealing with, the more effective you are going to be.

20. Observation can yield rich results. Remember that people communicate with their eyes in business situations when they can’t use words.

21. Mull over this, and master the principle. Business is a constant process of keeping your own guard up, while encouraging others to lower theirs.

22. Go with first impressions, but only after carefully scrutinizing them.

23. If you are about to make a presentation/phone call, take a moment to think about what, what reaction you want. It may yield good results.

24. Be detached. If you force yourself to step back from any biz situation, particularly one that is heating up, your powers of observation will increase.

Source: Business Today


All about settling your final salary before leaving a job

March 13, 2013

The procedure for ‘full and final settlement‘ is often fairly simple and as per the appointment contract. Usually, the following components are used to decide the final settlement sum:

  1. Unpaid Salary (including annual benefits such as leave travel allowance) and arrears, which is calculated as the number of days for which salary is to be paid multiplied by the gross salary divided by 26 (paid days in a month)
  2. Unpaid bonus
  3. Payment for non-availed leaves (earned or privilege leave), which is calculated as the number of days of non-availed leave multiplied by basic salary divided by 26

 Apart from the usual components the following might be applicable:

  1. Gratuity, if four years and 240 days have been completed
  2. Pension, as long as the employee has completed at least 6 months of service with the existing employer and 10 years of ‘pensionable service’ on providing a Scheme Certificate after retirement (58 years) age

Deductions include profession tax (if applicable), provident fund, income tax and compensation for notice period not served. Gratuity and cashed earned leave are exempt from tax deducted at source (TDS). All other payments attract TDS under Section 192 of the Income Tax Act.

As far as the period for settlement is concerned, going strictly by the rules, the final settlement needs to happen on an employee’s last working day at the organisation. However, as clearances take time, it is prevalent policy to do so within 30-45 days after the employee has left. For gratuity, the stipulation is 30 days after leaving the company, while bonuses must be paid within the specified accounting year.

A common point of contention is the notice period. Even so, it is clear according to the law. Whichever party does not live up to the commitments in the contract will have to compensate the other.

In case of a mass termination, permission has to be sought from the government or the appropriate authority (as specified in the Industrial Disputes Act) specifying the reason for termination. There are also clauses that require employees be given sufficient notice or compensation as per designation and nature of industry.

There are also a few things that an employee must do to ensure there are no complications in the process or later on. Make sure to settle any advances taken or get it adjusted in the final settlement.

Further, get a copy of all the various clearances required from the different departments of the organisation that the employee was attached to by virtue of his responsibilities. This will also ensure that there will be no complications when you join another organisation.

Source: Business Today


Tips to build a good mutual fund portfolio

March 13, 2013

Investing requires discipline, even if you regularly put money in mutual funds. Since mutual funds are run by professionals, these are considered good for those who do not have the time and knowledge to invest in shares and bonds. However, building a good mutual fund portfolio requires planning.

Though the ideal portfolio depends upon the person’s risk-taking ability and age, investors must keep some broad points in mind while deciding which funds they should invest in.

A mutual fund portfolio should ideally be divided into two parts – core, for stability and predictability; and satellite, for investments that have a lot of potential but are risky.

IN THE CORE

The core, as the name suggests, is at the backbone and must comprise 70-90 per cent of the portfolio. Its aim is giving stability and decent returns.

Globally, index funds or passively-managed funds are the first choice for the core. An index fund replicates a benchmark index both in portfolio composition and returns. The fund manager does not have any say in stock selection, which eliminates the risk of wrong judgement. The fund management costs, too, are low. Because they invest in multiple stocks, index funds are well-diversified.

“Considering that in India actively-managed funds have outperformed passive funds, which is contrary to global trends, the core should ideally be built around a combination of index and large-cap funds that have a good track record and stable fund management teams,” says Vishal Dhawan, founder and chief financial planner, Plan Ahead Wealth Advisors.

“Ideally, the core portfolio should have a combination of accrual-based funds which follow the hold-to-maturity strategy. These could range from FMPs (fixed maturity plans) of different maturities to short- and medium-term funds with hold-to-maturity strategy,” says Vishal Dhawan.

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SATELLITE PORTFOLIO

The core gives stability while the satellite part of the portfolio is for earning above-market returns. The latter’s objective is to generate high returns through aggressive products such as mid- and small-cap funds, sector funds, thematic funds and international funds.

Duration-based debt funds, which take active interest-rate bets, can also be a part of the satellite portfolio. These do not follow the hold-to-maturity strategy and instead try to profit from capital appreciation. Such funds invest in gilt funds, income funds and floating rate funds.

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REBALANCING PORTFOLIO

Periodic rebalancing (between equity and debt) of the portfolio is as important as creating a good portfolio. This helps investors keep up with the changing market conditions. We discuss different approaches for doing so.

Fixed ratio approach:
In this, you keep exposure to equity and debt at a certain ratio based on your age and risk-taking ability. If this changes significantly due to conditions in equity and debt markets, you shuffle the investments to the pre-determined ratio.

As an example, imagine a portfolio of Rs 10 lakh with 70:30 equitydebt ratio, that is, the equity portfolio is valued at Rs 7 lakh and the debt at Rs 3 lakh. After a year, suppose the equity portfolio rises by 12 per cent to Rs 7.84 lakh while the value of debt goes up by 7 per cent to Rs 3.21 lakh. Clearly, the ideal ratio (70:30) has been altered. It can be balanced by selling stocks worth Rs 10,500 and investing the money in debt.

Variable ratio approach:
Under this, if the value of the stock portfolio changes significantly, the equitydebt ratio shifts to a new predetermined ratio. If the equity-debt ratio was 1:1 at the beginning, and the equity portfolio rises by more than 10 per cent, you can sell a part of your equity holdings and invest it in debt to bring the ratio to, say, 4:6.

Suppose your portfolio of Rs 20 lakh is perfectly balanced between equity and debt. Now, after some time, the equity portfolio rises to Rs 11 lakh and the debt portfolio to Rs 10.6 lakh. If you now want to bring the equity-debt ratio to 4:6, you can sell stocks worth Rs 2.36 lakh and invest the proceeds in debt.

Constant rupee value approach:
Under this, you keep the value of the stock portfolio constant, investing any appreciation in value in debt, or vice versa.

For example, if your equity portfolio is valued at Rs 10 lakh and it rises 10 per cent to Rs 11 lakh, you sell shares worth Rs 1 lakh and invest the money in debt. Similarly, if the portfolio value falls to Rs 9 lakh, you sell Rs 1 lakh worth of debt and invest in equities to keep the value of the stock portfolio at Rs 10 lakh.

Source: Business Today


INS Chakra: Top 10 must-know facts

April 5, 2012

1) INS Chakra is a Russia-made, nuclear-propelled, hunter-killer submarine. Unlike conventional submarines that India operates which need to surface to charge its battery’s often – sometimes as frequently as 24 hours – INS Chakra can stay under as long as it wants. Its ability to stay underwater is restrained only by human endurance to stay underwater. Also, another problem that the submarine could face is acidity. This is because of a lack of exercise inside due to prolonged deployments.

2) The Akula Class submarine will carry conventional weapons. The vessel is armed with four 533mm torpedo tubes and four 650mm torpedo tubes. It will be used to hunt and kill enemy ships.

3) The INS Chakra displaces about 10,000 tons. It can do over 30 knots – more than twice the speed of conventional submarines. It can go upto a depth of 600 metres.

4) INS Chakra is one of the quietest nuclear submarines around, with noise levels next to zero.

5) It has about 80 crew members on board. The entire crew of INS Chakra has been trained in Russia for over a year. Facilities for the crew on board INS Chakra include a large recreation area, a gymnasium and a sauna as well.

6) INS Chakra has been taken on lease from Russia for 10 years and would provide the Navy the opportunity to train personnel and operate such nuclear-powered vessels. In 2004, India had signed a deal with Russia worth over $900 million for leasing the submarine. INS Chakra was expected to be inducted into Indian Navy a couple of years ago, but after an on-board accident in 2008, in which several Russian sailors died, the delivery schedule was changed.

7) INS Chakra formally joined the Indian Navy on Wednesday.  It was commissioned by Defence Minister AK Antony at the Ship Building Complex in Visakhapatnam in Andhra Pradesh. “INS Chakra will ensure security and sovereignty of the country,” the minister has said. When asked if INS Chakra’s induction will lead to arms race in the region, Defence Minister AK Antony told reporters, “India does not believe in arms race. We are not a confrontationist nation. We are a peaceloving nation….but, at the same time, the armed forces will be strengthened to meet any challenge.”

8) The induction of the nuclear-powered submarine clearly indicates India’s intentions in the Indian Ocean Region and South East Asia which has recently seen increasing assertive Chinese presence in the last few months. It will also a send a strong reassuring message to south east Asian nations like Indonesia, Vietnam and Malaysia who want India to play a more active role in the region to counter the assertiveness of China in the area.

9) The induction of the INS Chakra is likely to be followed by the induction of the indigenous INS Arihant, which will be capable of launching nuclear weapons and therefore complete the nuclear triad. INS Arihant, it is understood, is now undergoing sea trails at Vizag.

10) The only other nations possessing nuclear-powered submarines are – US, Russia, UK, France and China. India is back in this elite club after over a decade. In 1988, the Indian Navy had leased a Charlie Class nuclear-powered submarine for three years till 1991. However, the expertise gathered then was lost as most officers who had trained to operate nuclear submarines have retired.

Source: http://www.ndtv.com/article/india/ins-chakra-top-10-must-know-facts-194179?pfrom=home-otherstories