Thursday, April 30, 2009
Credit Card Bill - Protecting the Rights of Consumes
The credit card bill that is going become law in United States is a step taken by Obama government in right direction. Credit card companies are abusive of consumers' rights and privileges when it comes to interest rates, penalties for late payments, foreign exchange conversions (when purchases are made in foreign currency), levying additional charges towards card insurance, etc. India can take a hint and implement similar legislation.
U.S. credit card debt has jumped 25 percent in the past 10 years, reaching $963 billion in January, according to figures from the White House. The average outstanding credit card debt for households that have a card was $10,679 at the end of 2008, according to CreditCard.com, an online market.
U.S. credit card debt has jumped 25 percent in the past 10 years, reaching $963 billion in January, according to figures from the White House. The average outstanding credit card debt for households that have a card was $10,679 at the end of 2008, according to CreditCard.com, an online market.
Monday, April 27, 2009
General Elections India "Schedule 2009"
The Election commission on Monday announced dates for the 15th Lok Sabha elections, which will be held in five phases from April 16 to May 13. The schedule is as given below:
Andhra Pradesh: April 16 and 23.
Arunachal Pradesh: April 16
Assam: April 16 and 23.
Bihar: April 16, 23, 30 and May 7.
Chhattisgarh: May 13.
Goa: April 23.
Gujarat: April 30.
Haryana: May 7.
Himachal Pradesh: May 13.
Jammu & Kashmir: April 16, 23, 30, May 7, and May13
Jharkhand: April 16 and 23.
Karnataka: April 23 and 30
Kerala: April 16.
Madhya Pradesh April 23 and 30.
Maharashtra: April 16, 23, and 30
Manipur: April 16 and 23
Meghalaya: April 16.
Mizoram: April 16.
Nagaland: April 16.
Orissa: April 16 and 23.
Punjab: May 7 and 13.
Rajasthan: May 7.
Sikkim: April 30.
Tamil Nadu: May 13.
Tripura: April 23.
Uttar Pradesh: April 16, 23, 30, May 7, and May13
Uttaranchal:
Uttarkhand May 13.
West Bengal: April 30, May 7 and 13.
Andaman & Nicobar Islands: April 16.
Chandigarh: May 13.
Dadra & Nagar Haveli: April 30.
Daman & Diu: April 30..
Delhi: May 7.
Lakshadweep: April 16.
Pondicherry: May 13.
Polling schedule with states segregated by poll dates are given below:
Andhra Pradesh: April 16 and 23.
Arunachal Pradesh, Kerala, Meghalaya, Mizoram, Nagaland, Chhattisgarh, Andaman and Nicobar Islands and Lakshadweep will have a single-phase poll on April 16.
Assam: April 16 and 23.
Bihar: April 16, 23, 30 and May 7.
Karnataka: April 23 and 30.
In Mizoram, it will be on April 16.
The polls are scheduled as follows:
Jammu and Kashmir and Uttar Pradesh will have polls on all five dates.
Maharashtra: April 16, 23, and 30.
West Bengal: April 30, May 7 and 13.
Madhya Pradesh : April 23 and 30.
Manipur: April 16 and 23.
Orissa: April 16 and 23.
Punjab: May 7 and 13.
Jharkhand: April 16 and 23.
Goa and Tripura will have one-day poll on April 23.
Gujarat, Sikkim, Dadra and Nagar Haveli, and Daman and Diu will have one-day poll on April 30.
Delhi, Haryana and Rajasthan will have a one-day poll on May 7.
Himachal Pradesh, Tamil Nadu, Uttarakhand, Chandigarh and Puducherry will have polling on May 13.
Andhra Pradesh: April 16 and 23.
Arunachal Pradesh: April 16
Assam: April 16 and 23.
Bihar: April 16, 23, 30 and May 7.
Chhattisgarh: May 13.
Goa: April 23.
Gujarat: April 30.
Haryana: May 7.
Himachal Pradesh: May 13.
Jammu & Kashmir: April 16, 23, 30, May 7, and May13
Jharkhand: April 16 and 23.
Karnataka: April 23 and 30
Kerala: April 16.
Madhya Pradesh April 23 and 30.
Maharashtra: April 16, 23, and 30
Manipur: April 16 and 23
Meghalaya: April 16.
Mizoram: April 16.
Nagaland: April 16.
Orissa: April 16 and 23.
Punjab: May 7 and 13.
Rajasthan: May 7.
Sikkim: April 30.
Tamil Nadu: May 13.
Tripura: April 23.
Uttar Pradesh: April 16, 23, 30, May 7, and May13
Uttaranchal:
Uttarkhand May 13.
West Bengal: April 30, May 7 and 13.
Andaman & Nicobar Islands: April 16.
Chandigarh: May 13.
Dadra & Nagar Haveli: April 30.
Daman & Diu: April 30..
Delhi: May 7.
Lakshadweep: April 16.
Pondicherry: May 13.
Polling schedule with states segregated by poll dates are given below:
Andhra Pradesh: April 16 and 23.
Arunachal Pradesh, Kerala, Meghalaya, Mizoram, Nagaland, Chhattisgarh, Andaman and Nicobar Islands and Lakshadweep will have a single-phase poll on April 16.
Assam: April 16 and 23.
Bihar: April 16, 23, 30 and May 7.
Karnataka: April 23 and 30.
In Mizoram, it will be on April 16.
The polls are scheduled as follows:
Jammu and Kashmir and Uttar Pradesh will have polls on all five dates.
Maharashtra: April 16, 23, and 30.
West Bengal: April 30, May 7 and 13.
Madhya Pradesh : April 23 and 30.
Manipur: April 16 and 23.
Orissa: April 16 and 23.
Punjab: May 7 and 13.
Jharkhand: April 16 and 23.
Goa and Tripura will have one-day poll on April 23.
Gujarat, Sikkim, Dadra and Nagar Haveli, and Daman and Diu will have one-day poll on April 30.
Delhi, Haryana and Rajasthan will have a one-day poll on May 7.
Himachal Pradesh, Tamil Nadu, Uttarakhand, Chandigarh and Puducherry will have polling on May 13.
Labels: 2009, elections, general elections, india, polls, usa
Monday, April 13, 2009
Infosys - Where Trainee Employees Almost Outnumber the Regulars!
A leading Indian software outsourcing and development firm Infosys Technologies Ltd. (popularly known as Infosys) appears to have it Trainees (Newly recruited employees not yet ready to take up regular work) outnumber the regular employees. According to recent news article from Economic Times of India, http://economictimes.indiatimes.com/Features/TCSInfosysWipro/Infosys-fires-2100-for-poor-performance/articleshow/4387963.cms, Infosys has as many as 45,000 trainees out of a total of 1,03,078 work force (which includes trainees).
It is amazing to know how aggressively the Indian outsourcing companies recruited freshes (almost having no skilset, except for college degrees) in anticipation of business growth. Indian top notch companies are now in a fix as to how to reduce their work force without adversely impacting their public relations and Companies' market cap. The most favored solution to issue pink slips is to cite performance reasons. Recently, Infosys has terminated the employment of about 2,100 people citing performance reasons.
It is obvious that the government and the Industry have difficulty adjusting to the changed realities in wake of economic down turn. In India, poverty rate is very high, and any retrenchment in jobs is likely to evoke adverse public reaction. In some cases, it also likely that the government may takeover the company(ies). Recent example of such takeover is Satyam Computers Ltd. The government has taken over the company and sold it highest bidder in an auction.
It is obvious that the government intervene, and provide more jobs so that the impact of retrenchments in IT related companies is minimized.
It is amazing to know how aggressively the Indian outsourcing companies recruited freshes (almost having no skilset, except for college degrees) in anticipation of business growth. Indian top notch companies are now in a fix as to how to reduce their work force without adversely impacting their public relations and Companies' market cap. The most favored solution to issue pink slips is to cite performance reasons. Recently, Infosys has terminated the employment of about 2,100 people citing performance reasons.
It is obvious that the government and the Industry have difficulty adjusting to the changed realities in wake of economic down turn. In India, poverty rate is very high, and any retrenchment in jobs is likely to evoke adverse public reaction. In some cases, it also likely that the government may takeover the company(ies). Recent example of such takeover is Satyam Computers Ltd. The government has taken over the company and sold it highest bidder in an auction.
It is obvious that the government intervene, and provide more jobs so that the impact of retrenchments in IT related companies is minimized.
