Wednesday, 8 July 2020

Slowing of the Economy of India Since last 5 years

Reasons for the Slowing of the Economy of India Since last 5 years 
 UnEducated PM
Today, there is only one root cause for the economic crisis we are facing: the poor leadership of PM Narendra Modi. Here are some of Modi’s acts of omission and commission directly responsible for bringing the Indian economy to a point of crisis.

1. Letting banking crisis fester
It was only in late 2015, with then RBI governor Raghuram Rajan’s push that the banks started cleaning up their balance sheets, ridden by hidden non-performing assets. The Modi government should have seen this risk, to begin with, and addressed the problem first thing. The bank recapitalisation that began later should have begun much earlier too. Rajan had also sent the PMO a list of top defaulters, but no action was taken. Stressed with NPAs, banks reduced giving out credit to industry, contributing to a liquidity crunch.
2. Not moving projects
Thanks to the ‘policy paralysis’ of the UPA-2 years, a number of infrastructure and industry projects were stalled. Land acquisition and environmental clearances were a major hurdle. Like a statesman, Modi needed to get his hands dirty to clean up the mess, get the projects going. Instead, he made it clear his priority was politics over India’s progress when he went back on amending the land acquisition law. Perhaps just because Rahul Gandhi called him “suit-boot ki sarkar”. The stalling of projects was a big reason why loans went bad, particularly in the case of the infrastructure-lending IL&FS.
3. Gimmicks as policy 
Narendra Modi launched one big plan after another, and each one was launched almost as if it was the beginning of a revolution. But nothing has come out of most of them. Make in India, Skill India, Digital India, Startup India, Stand Up India, this India, that India… none of them has brought about the revolution they promised.
The ‘Ease of Doing Business’ rankings have been gamed because the rankings matter more than reality. Arun Shourie will always have the last laugh over Modinomics – headline management over economic management.
4. Demonetization 
Instead of doing what was needed, Modi enforced economic quackery over 1.3 billion people. This plan to finish the black economy overnight was supposed to mop up Rs 4-5 lakh crore,but brought loose change. Demonetization killed the informal economy, disrupted age-old economic systems and caused job losses. We are still facing its consequences and it brought no benefits at all. The government did what it does best: suppressed a report that showed corporate investments dropped by 60% per cent in the demonetization year.
The move also scared investors about policy uncertainty in India: no one knows when Modi could come on TV and change everything, just like that. Rumours of the demonetization of even the Rs 2,000 note keep circulating in the market.
5. Vilification of business
Along with demonetisation came the culture of vilifying business. Business people were being painted as corrupt crooks and Modi made them stand in a queue. The truth is that everyone managed to convert their black money into white through demonetisation, but the vilification of business for political gains further made business reluctant to invest.
Modi did say demonetisation was the first of many things to straighten the corrupt.
6. Messing up GST 
You can find nut job propaganda platforms defend demonetisation, but you will be hard-pressed to find anyone explain how the Indian economy has benefited from the Goods and Services Tax.
Unlike demonetisation, this was actually a good idea. But if you want to see how good ideas are turned into nightmares, see the Modi government’s execution of the GST. Modi defined it as a Good and Simple Tax, but it has turned out to be neither. It further made life tougher for small and medium enterprises. With five tax rates and absolute compliance requirements from day one, the GST was launched in a hurry without even testing its software. Its rules were changed again and again, as if chartered accountants were super-computers. Even now, the GST needs a lot of reform.
7. Keeping inflation too low 
The Modi government’s policy has been good politics with bad economics. They have been reluctant to put money in the hands of rural India, measly with increases in minimum support prices or NREGS wages. Low inflation helps Modi win elections, but it comes at the cost of reduced purchasing power and low demand. People are neither saving nor spending — because their incomes aren’t going up.
8. Not making disinvestment a priority 
One of the biggest economic reforms India needs is disinvestment of white elephants – that are the many public sector units. Many of them keep borrowing from public sector banks to make up for their losses. This concentrates the use of capital in unproductive assets.
Unlike Atal Bihari Vajpayee, Modi hasn’t made disinvestment a priority. There’s lip service, and some jugglery, but no real intent. If the Modi way is to revive PSUs rather than sell them, that hasn’t been happening either. In fact, prized PSUs have been going south
10. Tax terrorism
Instead of relaxing tax rates or reforming tax laws to make them simpler, the Modi government has come to be known for “tax terrorism”. Once again, Indira Gandhi would be proud. Faced with a revenue shortfall and fiscal deficit constraints, the government wants to extract tax out of an economy that is going through a crippling slowdown. Hence the tax terrorism. 

Corruption in Economy: It is the root cause for Indian Economic slowdown

  1. Transparency International in its study on index of corrupt countries in 2012 placed India at 94th rank out of 176 countries while Somalia tops the list. Corruption in all walks of life in India is making it weak and has adverse impact on its growth. As per an estimate 80% of the public servants in India are corrupt because of which the wheel of growth is being pulled down.
     
  2. The Constitution of India describes the country as “Sovereign Socialist Democratic Republic” leading to socialist-inspired policies for an entire generation from the 1950s until the late 1980s. Extensive protectionism in Industry, license Raj had contemporary policies vulnerable to pervasive corruption and slow economic growth, Rajagopalachari"Chakravarthi Rajagopalachari always stated that the system of License Raj would remain at the core of corruption and would pull back the economic growth in the country.
     
  3. How does the growth is adversely affected due to rampant corruption - the former Indian Union Home Secretary, N.N. Vohra, in October 1993, submitted a report on corruption in politics and its criminalization. Politicians have the nexus with criminals. This criminal network is running a parallel government and satisfying the selfish ends of vested interests. More than 100 Members of Parliament are facing charges of corruption or related criminal charges. Public money which has otherwise been utilized for the growth of economy and for welfare of the public was misused to satisfy the greed of such networks.
     
  4. The people have to pay bribe to get a job done in a public office. Taxes and bribes are common between state borders. As per an estimate more than Rs. 24,000 crores is paid in bribes. Government regulators and police share in bribe money, Transporters have to pay bribes to cross the state borders within the country and this phenomenon can be witnessed at any state border including the capital. These stoppages including those at checkpoints and entry-points take up to 10-12 hours in a day. This is despite the fact that many of the sates have done away with many taxes or the same have been made centralized. About 60 percent of these (forced) stoppages on road by concerned authorities such as government regulators, police, forest, sales and excise, octroi, weighing and measuring department are for extorting money. The loss in productivity due to these stoppages is an important national concern. The number of truck trips could increase by 30 to 40%, if forced delays are avoided. According to a World Bank report, the travel time for a Delhi-Mumbai trip can be reduced by about 2 days per trip if the corruption and associated regulatory stoppages to extract bribes was eliminated.
     
  5. Various government officials, politicians in connivance with Criminals tend to grab the public property illegally. This land and property is meant for infrastructural or community development. These activities hamper the growth of economy.
     
  6. Corrupt construction contractors in association with corrupt politicians and Public Works Department officers get the contracts and deliver poorly constructed roads, buildings, bridges. News of building, bridge collapse, are very common.
     
  7. Corruption caused problems in government funded projects are rampant almost in all the states. Only 40% of grain handed out for the poor reaches its intended target. The World Bank study finds that the public distribution programs and social spending contracts have proven to be a waste due to corruption. MGNREGA, (Mahatma Gandhi National Rural Employment Guarantee Act), NRHM (National Rural Health Mission), and other such programmes have become controversial as poor quality of infrastructure is built, Poor is still poor to the same level, Funds assigned for rural health care and Medicines are misappropriated. Corruption, waste and fraud-related losses from this government program has been alleged to be around Rs.10, 000 crores.
     
  8. Mineral resources are the back bone to the prosperity of the country. The corrupt Ministers and government officials of such states go for awarding illegal mining of such rich resources. They illegally help transport the minerals like coal, iron ore, bauxite, copper, etc. to other places for their personal benefits. The economic growth is severely affected by such corrupt activities.
     
  9. According to a report corrupt officials in India may be making the country poorer by more than Rs.90, 000 crores every year, (More than 1% of the GDP, through corruption) These politicians, corrupt officials and business associates have black money in Swiss banks to the tune of Rs. 10,000 crores or more depriving the Indian Economy of its path on sustained growth
  1. Kanika Mangal [MBA FA]
    Manager Fintech
    AirCrews Aviation Pvt. Ltd.
    +91-9039782360
    Follow Kanika@











Saturday, 13 June 2020

One of 5 Arrested for robbing SpiceJet Pilot in Delhi Tests COVID-9 Positive

One of 5 Arrested for robbing SpiceJet Pilot Capt Yuvraj in Delhi Tests COVID-9  Positive


One of the five men Arrested recently for allegedly robbing and assaulting a Pilot Capt Yuvraj Tabotia  of Spicejet Private Airline at IIT Flyover in SouthWest Delhi has tested positive for Covid-19, police said on Friday.

One of the five men arrested recently for allegedly robbing and assaulting a pilot of a private airline at IIT flyover in southwest Delhi has tested positive for Covid-19, police said on Friday.

Around ten police personnel, who came in contact with the accused during the investigation, have also been quarantined, they said.

The man was arrested along with two of his associates -- Rahul and Aasish - on June 9. Two days later, two more accused involved in the incident were also arrested.

The man who has tested positive for Covid-19 has been admitted to AIIMS.

When the man was in police custody, he fell sick and started vomiting. He was immediately rushed to the hospital where doctors suggested endoscopy.

His Covid-19 test was also conducted. According to his medical report which came on Thursday evening, he has tested positive for virus, a senior police officer said.

On the intervening night of June 2 and 3, the pilot was on his way to Indira Gandhi International Airport in his office cab from Faridabad when the men on two-wheelers intercepted the vehicle on IIT flyover and took his wallet which contained Rs 10,000 and other essential documents.

They robbed the pilot at gunpoint and attacked him with a knife when he resisted, police said.



दिल्ली में पायलट को लूटने के आरोप में गिरफ्तार 5 में से एक कोविद -19 पॉजिटिव


पुलिस ने शुक्रवार को कहा कि दक्षिण पश्चिम दिल्ली में आईआईटी फ्लाईओवर पर एक निजी एयरलाइन के एक पायलट को लूटने और हमला करने के आरोप में हाल ही में गिरफ्तार किए गए पांच लोगों में से एक ने कोविद -19 के लिए सकारात्मक परीक्षण किया है, पुलिस ने शुक्रवार को कहा।

पुलिस ने शुक्रवार को कहा कि दक्षिण पश्चिम दिल्ली में आईआईटी फ्लाईओवर पर एक निजी एयरलाइन के एक पायलट को लूटने और हमला करने के आरोप में हाल ही में गिरफ्तार किए गए पांच लोगों में से एक ने कोविद -19 के लिए सकारात्मक परीक्षण किया है, पुलिस ने शुक्रवार को कहा।

उन्होंने कहा कि जांच के दौरान आरोपियों के संपर्क में आए लगभग दस पुलिस कर्मियों को भी छोड़ दिया गया है।

इस व्यक्ति को उसके दो सहयोगियों - राहुल और आशीष के साथ 9 जून को गिरफ्तार किया गया था। दो दिन बाद, इस घटना में शामिल दो और अभियुक्तों को भी गिरफ्तार किया गया था।

जिस व्यक्ति ने कोविद -19 के लिए सकारात्मक परीक्षण किया है, उसे एम्स में भर्ती कराया गया है।

जब वह आदमी पुलिस की हिरासत में था, तब वह बीमार पड़ गया और उसे उल्टी होने लगी। उन्हें तुरंत अस्पताल ले जाया गया जहां डॉक्टरों ने एंडोस्कोपी का सुझाव दिया।

उनका कोविद -19 परीक्षण भी किया गया था। एक वरिष्ठ पुलिस अधिकारी ने कहा कि गुरुवार शाम को आई उनकी मेडिकल रिपोर्ट के अनुसार, उन्होंने वायरस के लिए सकारात्मक परीक्षण किया है।

2 और 3 जून की रात को, पायलट फरीदाबाद से अपने कार्यालय कैब में इंदिरा गांधी अंतर्राष्ट्रीय हवाई अड्डे के लिए जा रहा था, जब दोपहिया वाहनों पर सवार लोगों ने आईआईटी फ्लाईओवर पर वाहन को रोका और उसका बटुआ लिया जिसमें 10,000 रुपये और अन्य थे आवश्यक दस्तावेज।

पुलिस ने कहा कि उन्होंने बंदूक की नोक पर पायलट को लूट लिया और चाकू से उस पर हमला कर दिया।


--

Dear #Linkedin #Connections

Dear  #Linkedin #Connections,

As, from a long time I am viewing every 2nd or 3rd post on LinkedIn in which various #HR #Candidates / #Employees are searching out for a particular job.

So, basically this job is for all HR professionals and not for any specific candidate.

In this #Pandemic situation who is more likely to be affected are the #HR #Professionals , as the frequency of employees losing their job is increasing day by day because HR is treated as non-productive #Resource.

So, when the company's financial health goes down the first candidate to whom they fire is the HR.

On the other side, when employers plan for their own start-up then they hire HR professional only for their recruiting process so that this can help them in saving their huge amount of money.
But once the employer grows and company start hiring quite good number of employees, then they start planning of how the HR should be removed, so that they can save their money and could hire a simple HR in a low budget which would be beneficial to them as well as their company.
Mostly people never notices how much work does an HR does how much efforts he/she gives on their work they are never appraised as people think HR job is just sitting at one place.
Being an HR professional , it is not an easy job as we have to recruit new hires, maintain benefits and #Payroll.

So, HR Professional role is at the core of a company's success.

I hope HR people viewing this post will agree to me.

You can share your views and experiences.

#careerchoice
#struggles
#humanresources
#hrprofessional
#employers
#covid19crisis
#covidimpact


Shweta Upreti MBA
Manager HR (Internship InCharge)
AirCrews Aviation Pvt Ltd
ShwetaUpreti.Aircrews@gmail.com
www.AircrewsAviation.com
Vcard
shwetas.vcardinfo.com

Follow me on
LinkedIn
https://www.linkedin.com/in/shweta-upreti-6b669a1a9
Quora:
https://www.quora.com/profile/Shweta-782/following
Bio:
https://www.portrait-business-woman.com/2020/05/shweta-upreti.html


Aircrews Internship USP’s

Aircrews Internship USP’s -


1.   Gain valuable work experience-

The hands-on work experience interns receive is invaluable and cannot
be obtained in a classroom setting, making this one of the most important benefits of this internships.  Interns have the opportunity to apply acquired knowledge to real work experiences, witnessing first-hand the day-to-day job duties they can expect to encounter in their chosen field. In addition to learning the specialized skills of a particular field, transferable skills such as communication, teamwork, and computer proficiency are also obtained in this  internship, fully preparing interns to enter the workforce upon graduation.

2.   Explore a career path – 


Exploring is an important part of the college experience, and internships are a great way for students to acquaint themselves with the field they are interested in. Some students begin college with a major or career path in mind, and end up changing their minds later on. Taking on an internship while in college allows students to work in their desired field, helping them decide if the field is right for them. By graduation, students who interned are more likely to feel confident they chose the right degree.

3.   Give yourself an edge in the job market – 

One of the most important internship benefits is that college graduates
who already have some work experience in the form of an internship stand out to potential employers. Internship experience makes a college grad more marketable as they usually require less training and can handle more responsibilities. You may also receive a higher starting salary than those who do not have internship experience and are entering the workforce or starting a new career.

4.   Develop and refine skills – 

You can learn a lot about your strengths and weaknesses during an internship. Internships allow for feedback from supervisors and others who are established in the field, and offer a unique learning opportunity that you may not have again as a working adult. Embrace the mistakes you make as an intern and the many things that you won’t know. Ask questions, observe, and take risks to get the most out of your internship training experience.

5.   Network with professionals in the field –

In the working world, it’s all about who you know. As an intern, you will be surrounded by professionals in the company. Internships are more than just about earning credit, getting a grade, or making money; internships provide an opportunity to learn from the people around you, ask questions, and impress. The professionals you encounter during an internship can be your future colleagues or the connection to your first job.

6.   Gain confidence –

Internships allow you to test out specific techniques learned in the classroom before entering the working world. It’s an opportunity to apply what you have learned in a safe environment where mistakes are expected – rather than learn the hard way in your first job out of college.


7.Transition into a job - 

Many companies use internships as a way to enhance their recruitment efforts. In some cases, a company may decide to hire an intern at the end of the assignment. Even if a job offer doesn’t happen right away, an intern who makes a favourable impression could receive an offer down the line when an opening occurs. It’s a way for companies to test out an employee before committing to hiring them.

8.   Figure out what you want to do—and don’t want to do – 

An internship is an important step to establishing your career goals
So, if you think you know what type of job you want after college, do a test run through an internship. But make sure you match your career interests to the type of internship you do. If you think you want to work in the start-up world, you need to intern at a start-up since your notion of what it’s like to work at a start-up might not match reality.”
Moreover, figuring out what type of job you don’t want while you’re interning can help prevent you from accepting an ill-fitting job when you graduate.

Shweta Upreti MBA                                                                           
Manager HR (Internship InCharge)
Aircrews Aviation Pvt Ltd                                       
Vcard
Follow me on
LinkedIn:
Quora:
Bio:













Fiction Story Writers

New Fresher Fiction Story Writers Required!   
You Need to be :: 

Age : 21 - 35 Years Young
Education : Graduate / PG 
Only Female Content Writers

JOB DESCRIPTION :

*    Can think out of the Box, different and Innovative.
*    No prior Experience with Fiction and academic editing / writing
*    Need to Read all Samples and Understand Our Concepts
*    Only Understands various approaches to writing
*    A firm grasp of English
*    Good vocabulary
*    Creativity
*    Excellent communication skills,
*    A passion for the English
*    Understanding the process and dynamics of fiction-writing / editing 
       (Plot, Characterization, Pace)
*    Familiarity with the classics in English literature
*    The ability to identify the author's voice and differentiate that from plagiarized content
*    Basic computer skills(MS Word, MS Excel, Internet browser)
*    Someone who is optimistic and has situational awareness
*    Not a Confused / Hasty Soul

WHAT YOU'LL BE DOING :

*    Working on Synopsis prior to publishing
*    Editing content to fix  Errors
*    Rephrasing text to clarify the intended meaning
*    Substantive or developmental editing to improve upon the plot itself and restructure content wherever necessary
*    Adhere to international style standards as well as Author Requirements

THIS IS FOR YOU IF YOU THINK : 

*    You are equipped with amazing writing skills.
*    You are a good Writer.
*    You are an avid Reader.
*    You are organized and efficient.
*    You have intelligent decision-making skills.
*    You can meet challenges head-on.
*    You are adaptable.
*    You can multitask.
*    You are confident and focused.
*    You have good communication skills.
*    You can spot talent and assess skills according to requirements.
*    You can work under pressure.
*    You love working in a team.
*    You get along well with people. 
*   Active on Fb, Twitter and LinkedIn



Shweta Upreti MBA
Manager HR (Internship InCharge)
Aircrews Aviation Pvt Ltd
Vcard

Follow me on
LinkedIn:
Quora:
Bio: