Some Cool Facts about India

1. India never invaded any country in her 5000 years of history
2. India invented the Number system. Zero was invented by Aryabhatta.
3. The world's first University was established in Takshila in 700BC. More than 10,500 students from all

   

   The ruins of Nalanda University in India where Xuanzang studied. (Photo credit: Wikipedia)

   over the world studied more than 60 subjects. The University of Nalanda built in the 4th century BC was one of the greatest achievements of ancient India in the field of education.
4. According to the Forbes magazine, Sanskrit is the most suitable language for computer software.
5. Ayurveda is the earliest school of medicine known to humans.
6. Although western media portray modern images of India as  poverty-stricken and underdeveloped through political corruption, India  was once the richest empire on earth
7. The art of navigation was born in the river Sindh 5000 years ago. The very word "Navigation" is derived from the Sanskrit word NAVGATIH.

Newspapers in India

Bennett, Coleman and Co. Ltd. Logo (Photo credit: Wikipedia)

A newspaper is a regularly scheduled publication containing news, information, and advertising.

Newspapers typically meet four criteria:-

Publicity: Its contents are reasonably accessible to the public.

Periodicity: It is published at regular intervals.

Currency: Its information is up to date.

Universality: It covers a range of topics.

Classification of Newspapers

Financial :- The Economic Times Business Standard Financial Express The Hindu Business Line Financial Chronicle Mint DNA Money

Mainlines :- The Times of India Hindustan Times DNA The Asian Age The Indian Express The Hindu Pioneer D.H. PBD

Tabloids :- Mid day Afternoon Dispatch and Courier Mumbai Mirror

The Economic Times

Important Labour And Factory Legislations In India - 2

English: Logo of the United States Department of Labor (Photo credit: Wikipedia)

May Day (International Labour Day) rally in Mumbai, India. (Photo credit: Wikipedia)

THE PAYMENT OF BONUS ACT, 1965

An Act to provide for the payment of Bonus to persons in certain establishments on the basis of profits, production or productivity.

Extends to the whole of India.

Applies to every establishment wherein 20 or more are employed

The Appropriate Govt. shall apply the Act to any other establishment, including a factory to which the Factories Act, 1948 applies, wherein less than 20 workers are employed provided the number of persons employed is not less than 10.

Eligibility to Bonus

employee whose salary/ wages does not exceed Rs 10000 per month

who has worked in the establishment for not less than 30 days

Not disqualified to claim bonus due to fraud, theft or any other misconduct

Bonus of very person drawing salary between Rs 3500/- and Rs 10000/- per month shall be calculated as if his salary were Rs 3500 pm

For calculating the number of working days

the days for which the worker has been laid off

the days he has been on leave with pay

the days he has been absent due to temporary disablement caused by an employment injury

the days a woman employee has been on maternity leave

shall be taken in to account.

Rate of Bonus

Minimum :8.33% of salary/wages

Maximum 20% of salary/wages

Computation of bonus as per Schedule I to IV of the Act.

Adjust any interim bonus paid while making payment of the final bonus.

Disputes on Bonus

The Bonus Act does not provide for any machinery to resolve disputes relating to bonus. For this, the Industrial Dispute Act shall be referred to.

THE PAYMENT OF GRATUITY ACT, 1972

Incorporation of a Pvt. Company in INDIA

Details regarding a private company formation and working

A company in India is required to be incorporated under The Companies Act, 1956 and is also required to comply with various regulations/ procedures laid down under the Companies Act, 1956.

A Pvt Limited Company is:

A Company limited by shares in which there can be maximum 50 shareholders

The minimum number of shareholders is 2 (two).

No invitation can be made to the public for subscription of shares or debentures

Cannot make or accept deposits from Public, and

There are restrictions on the transfer of shares.

The liability of each shareholder is limited to the extent of the unpaid amount of the shares face value, and the premium thereon in respect of the shares held by him.

Ex planatory table

Particulars	Requisites
Minimum Directors	2
Minimum Subscribers	2
Minimum Authorised Capital	Rs 1.00 lakh

Pre-requisites to start a private limited Company in India.

Doing Business in India

India Gate (Photo credit: Wikipedia)

Why Do Business In India

·         Strategic location having access to the vast domestic and South Asian market.

·         One of the largest pools of skilled English speaking manpower i.e. scientists, engineers, technicians and managers in the world available at highly competitive costs.

·         Policy environment that provides freedom of entry, investment, location, choice of technology, production, import and export.

·         A long history of stable parliamentary democracy.

·         A large and rapidly growing consumer market.

Establishing a Business Presence In India

o    Foreign investors can directly set up operation in India through the following routes:

·         Liaison office / Representative office

·         Project office

·         Branch office

·         By Establishing an Indian entity

o    Wholly Owned  Subsidiary

o    Joint Venture with an Indian  Company

·         Other routes

Career in Financial Analysis

The logo of the CFA Council of India (Photo credit: Wikipedia)

Financial Analyst is a person, who on behalf of his/her clients, analyzes and studies the financial data and further guides them about their investments. A financial analyst critically scrutinizes the details of the company, in which his/her client wishes to invest. For the purpose, he/she studies their financial reports by having direct, one to one conversation with officials of the organization and experts of the industry. Detailed report of the findings is prepared in order to draw a conclusion regarding the purchase and selling of the company's stock. An financial expert may even have to analyze a merger or take over of an organization. To become a good financial analyst, one has to be dedicated, determined, focused and hard-working, because he/she can not afford to be wrong in the research work. Apart from this, numerical skills, patience, logical interpretation of facts and good communication skills also play a vital role to become a financial analyst. It is a job of a specialist, who always needs to be on his/her toes in order to meet the deadline. The profession of a financial analyst demands long working hours and at times, multi-tasking as well. A good financial analyst should be able to accomplish a complicated task with ease.
Course Details
To become a financial analyst, one can opt for a degree program in business, accounting, statistics, or