Showing posts with label end of black money in India. Show all posts
Showing posts with label end of black money in India. Show all posts

Friday, October 6, 2017

Loyalty should be rewarded, not punished

Rewarding the loyal employees should be considered as Investment for long lasting business and revenues. Loyal or not, the driving force for turning up to work every day as an employee is to “earn” a living. If this becomes diluted then so does the drive to stay loyal!. Income should always match the contribution, this is a very simple rule and has nothing to do with loyalty.
Loyalty as a word here does not suit the employees. Infact, it is the hard work and intelligence for which the employers are paid and which they deserve as well. Employers have complete rights to seek opportunities around as they will always look for the same for their career growth and new challenges. At the same time company should pay them as per their efforts and dedication. Employers get paid for their work and dedication. Their loyalty is hard work. If they are not paid well they will leave the company and the company will loose the talent. But the employee will get other opportunities because he always was working hard.
Loyalty may be subjectively seen by bosses where employees may be docile. Nevertheless (s)he may be utterly focused and result oriented. The financial success of employee can be related to  mathematical relation - Directly proportional to highlighting himself as always relevant for him and inversely proportional to time spent indicating the work goals achieved. 
Loyalty is the result of positive actions. Those who continue to be loyal in an unfair reprimand conjuncture must have low self-esteem including fear of losing their job.
There are Organisations or functions or leaders who just prefers to ignore the Long term implication of it. However, sooner or later the outcome is nothing but attrition. And then the whole cost of rehiring and reinstalling an incumbent, would cover up or probably exceed the original cost of retaining a talented employee. Not forget the viral marketing that happens from the unhappy employee for which fresh hiring might also be a challenge.
Organisation try to suck the max out of employee in the name of loyalty. The organization here value a person only if he resigns. Corporate succumbing to employee blackmail is common while caring for the deserving is rare. Trusted people sometimes cannot fetch the result. Good people never smell of the successful life. Only positive attitude people can fetch the positive results. That s power of positive attitude but it s very difficult to find out the positive attitude people. However let s be strong let s be confident let s be positive. They are the key source for upcoming planets , they created that planet so they only able to control that planet . We all should protect them , otherwise alien took over that source from us.
Absolutely an eye opening post for all those who want to take everything from their employees but not ready to give them a justifying salary that would even able to take care of their basic needs. In three years of time span I haven't come across a single Company/Entity/Organisation or a Boss who does realise how important is to satisfy employees with appropriate range of salaries because no matter what most of us are working for MONEY and it's the only motivating factor that make an individual to feel give best outcomes and increase productivity and let's do more attitude for an employer when they see their companies are taking care of them. May be there must be some out there in my Country and I'm unlucky to find one. 

Tuesday, November 8, 2016

RBI to issue ₹2000 Rupees Notes coming February 2017

Indian black money
In India, Black money refers to funds earned on the black market, on which income and other taxes have not been paid. The total amount of black money deposited in foreign banks by Indians is unknown. Some reports claim a total exceeding US$50 trillion are stashed in Switzerland's. Other reports, including those reported by Swiss Bankers Association and the Government of Switzerland, claim that these reports are false and fabricated, and the total amount held in all Swiss banks by citizens of India is about US$2 billion.

Historic moment against black money in India - Just a beginning of the end of black money in India
Not just a piece of paper, there is much more in this note Read the full content of this message. A very good move by Modi government. In the sixties demonetising of 1000/5000/10000 took place.That was purely internal. Now greater problems on the rise due to forged notes of higher denominations of 500/1000 from Pakistan,Bangladesh,and Nepal. Ordinary people do not have the knowledge of differences between good notes and forged one.surgical strikes needed at this juncture to weed out forged notes.For next two or three days it is going to be a big problem for ordinary people.
"The notes of Rs 2000 and Rs 500 will be circulated soon. The RBI has decided to limit the notes with higher value," PM Modi said.

India is all set to add one more denomination to its currencies shortly. The Reserve Bank of India (RBI) will be issuing Rs 2,000 currency notes, the highest to come into circulation, even as some experts feel7 high-value denominations should be discontinued to curb black money.

The Rs 2000 currency is designed keeping in mind to eradicate the black money issues using state of the art indigenous nano technology, every Rs. 2000 currency note is embedded with a NGC (Nano GPS Chip)




Banks closed, ATMs shut. Your Rs 500 & Rs 1000 notes are invalid. 
The Prime Minister said that all the 500 and 1,000 denomination notes can be deposited in banks and post offices from November 10 till December 30.


How the embeded NGC Technology Works?

The unique feature of the NGC is it dosent need any power source. It only acts as a signal reflector. When a Satellite sends a signal requesting location the NGC reflects back the signal from the location, giving precise location coordinates, and the serial number of the currency back to the satellite, this way every NGC embedded currency can be easily tracked & located even if it is kept 120 meters below ground level. The NGC cant be tampered with or removed without damaging the currency note.

How will this help eradicate black money menace?

Since every NGC embeded currency can be tracked. The satellite can identify the exact amount of money stored at a certain location. If a relatively high concentration of currency is found a certain location for a longer period of time at suspicious locations other than banks & other financial institutions. The information will be passed on to the Income Tax Department for further investigation.
INDIA A BRIGHT SPOT IN GLOBAL ECONOMY: MODI
Modi, in his address to the nation, said India has "registered itself as a bright spot" in the global economy. In the past two-and-half-years, with the help of 125 crore people, this nation has registered itself as a bright spot in the global economy. This is a claim made not by us, but by the International Monetary Fund and the World Bank and this government is for the poor, and will remain a government of the poor."

Microsoft Business Intelligence (Data Tools)

Microsoft Business Intelligence (Data Tools)