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Wednesday, 9 November 2016

500 & 1000 notes are Banned In India

Rs 500, Rs 1,000 notes banned: Rahul Gandhi's jibe against PM Modi is unmindful of public opinion



PM Narendra Modi on Tuesday announced scrapping of Rs 500 and Rs 1,000 notes. The surprise move triggered panic reactions. Stay with us for live updates


The Indian PM announced 12 AM of Aug 9 2016 will banned of Rs. 500 & 1000 note.
Because The Money Laundry Is The Big issue IN India
So you get latest news on This Story




The Congress vice-president is deeply agitated. He thinks that Prime Minister Narendra Modi has not acted in national interest. It's not a crackdown against corruption, black money, benami property or terror financing chain, but it is a move by a whimsical Prime Minister who is bent on harassing ordinary citizens of his country.
Rahul took the onus on himself to make Congress' official position on the subject. In a series of tweets, he blasted Modi: "Once again Mr Modi shows how little he cares about ordinary people of this country - farmers, small shopkeepers, housewives - all thrown into utter chaos". In another tweet, he said, "While the real culprits sit tight on their black money stashed away abroad or in bullion/real estate. Well done Mr Modi. Yet another tweet said, "One Q for the PM: How is replacing 1000 rs notes with 2000 rs notes going to make black money hoarding a lot harder?"
Rahul is completely unmindful of the fact that the public has hailed this move — a closely-guarded secret till he made it public — the swiftness of which nobody could have ever imagined in the wildest of dreams. Either Rahul Gandhi has not heard PM Modi's address to nation and the subsequent briefings made by RBI Governor, Finance Secretary and other top officials or if he heard and understood it then one gets an impression, which is not healthy for him, that he is taking side of loaders and hoarders of black money and fake currency
Yes, there would be short term problems for citizens spread across all class from a lowly daily wager to a high ranking executive, from petty trader to a big businessman, but then after a while these challenges before them are surmountable, if the money is legitimately earned. But to say that this amounts to harassment of common men and allows the real culprits to have a free run is a reflection on the top Congress leader's wisdom and understanding.
Even his present and potential allies, like JD(U) and SP are not on his side. The Congress vice-president also seems to be caring little for most common social wisdom that politics is about public perception. By making his stand public, he has not done any service to himself and the party Indian National Congress, he and his mother heads.
He, however, could be right in one broad sense — "all thrown into utter chaos". One potential area where this supposed chaos would reflect most would be in coming elections in Uttar Pradesh, Uttrakhand, Punjab and later in Goa.
It is well known that the cost of elections keeps on rising to new high and new methods of pumping ill-gotten money in elections is devised in each. Neither the funding of political parties, nor is the financing and expenses of the electoral process transparent. The loads of cash stocked by political parties and individual candidates through non-transparent or illegitimate means are used freely. The Election Commission and its observers are always at wits to figure out its spread.
With Modi's announcement to abruptly discontinue existing notes of Rs 500 and Rs 1,000, the huge underground cash pile with parties and candidates have become waste papers. This effectively means that in the coming elections and thereafter, at least for next few years elections will be cheaper — no more transportation of cash in gunny bags, no more transportation of cash in ambulances, something which had sprouted first in 2008 Karnataka elections, no more transportation of cash in VIP and VVIP cars and choppers or in fruit and grain trucks. The Election Commission officials will be pleased to be relaxed a bit. Finance Minister Arun Jaitley said "if elections become cheaper with this decision it's a good beginning."


Besides who wins and who loses, the coming UP elections will throw another curios aspect — how to fight elections with less money or without black money. New innovative methods will have to be found and the political parties — BJP, Congress, SP, BSP, Akali — and other challenges lay there. Those who cannot innovate on campaigning style will potentially face losers' prospects.
Jaitley also responded to Congress' charge that ordinary people would feel harassed. Minor inconveniences could be there but the government was taking measures to minimise those. He argued that it is "rare that government takes a decision that honest persons would feel that it pays to be honest and dishonest persons to worry. This decision will force the way people spend and keep their money."


Tuesday, 1 November 2016

Kamal Haasan & Gautami

In a development that is bound to shock their many fans, actress Gautami Tadimalla confirmed that she has separated from her partner, superstar Kamal Haasan, ending their relationship of 13 years.




The TOI and IBT reports stated that Gautami put up a post titled "Life and Decisions" in which she shared the reasons for her separation from Kamal Haasan.
"It is heartbreaking for me to have to say today that Mr Haasan and I are no longer together. After almost 13 years together, it has been one of the most devastating decisions that I have ever had to make in my life. It is never easy for anyone in a committed relationship to realise that their paths have irreversibly diverged and that the only choices in front of them are to either compromise with their dreams for life or to accept the truth of their solitude and move ahead. It has taken me a very long time, a couple of years at the very least, to accept this heartbreaking truth and come to this decision," Gautami wrote in her blog post.
Gautami said that she seeking neither sympathy nor assigning blame, in going public about the end of her relationship.
"I have understood through my life that change is inevitable and human nature will define that change for each individual. Not all of these changes might be what we expect or anticipate but that does not, in any way, negate the very real impact of these diverging priorities in a relationship. This decision to set forth on my own at this stage in my life is perhaps one of the most difficult decisions any woman will ever have to make but it is a necessary one for me. For I am a mother first and foremost and I have a responsibility to my child to be the best mother that I can be. And to do that, it is essential that I am at peace within myself," she wrote.
Gautami also alluded to how her relationship with Kamal Haasan started, back in 2005. The star had just divorced his second wife Sarika at the time.
"It is no secret that I have always been a fan of Mr Haasan's since before I came to the film industry and I continue to admire and cheer on his monumental talent and achievements. I have stood by him through all his challenges and they have been precious moments for me. I have also learned a great deal from working with him as costume designer on his films and I'm proud that I was able to do justice to his creative vision in those films. Along with all of his accomplishments to date, I know that there is much more to come from him for his audience and I look forward to applauding those successes," Gautami said.
She added: "I would like to say that I am sharing this monumental happening in my life because I have always lived my life in your midst, with dignity and grace to the best of my ability at all times, and all of you have been a part of my life's journey in so many ways. I have received so much of love and support from you through the past 29 years and I would like to thank you for the many ways in which you kept me going through the darkest and most painful times in my life."
Recently, Gautami was in the news when reports emerged of an argument between her and Kamal Haasan's daughter Shruti on the sets of Sabaash Naidu. The comedy, being simultaneously made in three languages, features Kamal and Shruti, while Gautami was in charge of the styling. Shruti and Gautami apparently didn't agree on the 'look' the latter had come up with. Shruti's spokesperson issued a statement denying any disagreement had taken place.
An industry source had commented on Shruti's relationship with Gautami at the time: "Shruti and Gautami have always shared a good equation. Shruti and her dad share a very lovely and open relationship thanks to which Shruti has been very welcoming of Gautami into their little family. Gautami was present in Chennai for Shruti's birthday bash as well and their comfortable chemistry was there for all to see."
For MOre Latest News--- 26word.blogspot.com

Sunday, 30 October 2016

Tuesday, 25 October 2016

Cyrus Mistry and TATA group and Sons

Big shakeup! Cyrus Mistry removed as Tata Sons chairman, Ratan Tata steps in

The board of Tata Sons shocked corporate India by sacking Cyrus Mistry as chairman four years into the job as Ratan Tata emerged from retirement to wrest back control of the group that bears his family name. The unprecedented move could spark a battle between two of Mumbai’s oldest business families, which share close ties — the Mistrys own about a fifth of Tata Sons, the group holding company. 

Tata Sons said a selection committee will choose a permanent replacement for Cyrus Mistry in the next four months. Tata, 78, who quit in 2012 after more than 20 years in charge, will serve as interim chairman of India’s biggest conglomerate during that period. Mistry, 48, remains a Tata Sons director. Tata, who has written to Prime Minister Narendra Modi informing him of the move, is likely to meet group CEOs on Tuesday. 

Neither Tata nor Mistry could be reached for comment amid speculation about non-performance and undermining of the group's value system. Tata said in a note to employees that he'd agreed to serve as interim chairman "in the interest of stability of and reassurance to the Tata Group." 

Cyrus Pallonji Mistry was removed from his position as chairman of the $100 billion conglomerate Tata group on Monday. Former spearhead Ratan J. Tata has been appointed as the interim chairman of the group and a selection committee has been formed to choose Mistry’s successor. The appointment committee has been accorded a time period of four months to complete the task as per the company’s article of association. 




Cyrus was also seen as the natural heir to the Tata group as his billionaire father owns an 18.4 percent stake in Tata group, largest stake of any shareholder in the group.
Here are the key decisions Mistry took during his time at the Tata group at the helm:
According to Mistry himself, over the last three years, the operating cash flows of Tata group grew by over 30 percent CAGR. However, he reformed business practices in the group mandating the requirement for group companies to earn the right to be part of the portfolio and also earn “the right to grow”.
During the same period, the company’s gross debt increased by 2 per cent due to increased cash and capital expenditure from projects but at the same time the cash and equivalent assets grew at around 10 per cent. The net debt of the group also decreased by 3.3 per cent during the time, so Mistry’s tenure saw reduction in debt strain on the company.
He pruned several companies from the portfolio and even changed the structure of the company’s hospitality arm from owning properties to one managing properties across the globe. A huge 70 per cent of the group’s revenue comes from abroad. A majority of the group’s capital expenditure under Mistry has been abroad.
Grasping the need to expand the company’s digital signature in the industry, apart from having the hugely successful TCS, Mistry added the digital platform–CliQ- an ecommerce platform. He also added Tata iQ which is a big data company and is rapidly growing in the field of data analytics. Finally, the group added Tata Digital Health which expanded the group’s medical business forays into e-healthcare and telemedicine taking medical care beyond physical impediments. TCS doubled its profits during the time overshadowing all competitors.
In pruning measures, Mistry was also involved in prospective selling off of long products businesses like the ailing Tata Steel in Europe due to drop in demand and massive competition from cheap Chinese supply. Also during his time, Tata teleservices failed to come out of its negative networth.
After Mistry took the position, Tata Motors focused on passenger vehicles section aiming for two launches every year. This has in turn changed customer perception about the company and lifted Tata Motors’ sales.
The group under Mistry has also tried to expand its business in the defence manufacturing business with several key contracts in the pipeline. Material sciences has been a major fillip to their defence manufacturing business during this time.

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