Thought of the day
Friday, March 6, 2015
Thursday, March 5, 2015
News
'Make in India': Government urges states to establish industrial land bank by June for the drive
NEW DELHI: The Centre has asked states to develop a land bank by June end to ensure ready land availability for the industry, as it looks to accelerate the 'Make in India' drive. This is one of the 98 points on which states will be ranked to create a sense of competition among them. States have also been asked to develop a framework to earmark land parcels with industry type that can be set up on such land.
The other parameters relate to registering of property, starting a business, construction permits, environment compliances, etc, with timelines spread to December 31.
What the central government can do to boost domestic manufacturing was announced in the budget, but the real action lies in the states. We are closely working with states and have asked them to immediately begin action on these parameters,based on which they will be ranked," said a top DIPP official.
The move is seen in conjunction with the Union Budget announced late last week that had measures to promote local manufacturing in the country, including correction of anomaly in the duty structure and improving credit access for small and medium enterprises.
Finance Article
RBI cuts repo rate by 25 bps to 7.5%; keeps CRR unchanged
NEW DELHI: In a surprise move, Reserve Bank of India on Wednesday slashed repo rate by 25 bps to 7.5 per cent from 7.75 per cent earlier. Consequently, the reverse repo rate under the LAF stands adjusted to 6.5 per cent.
The central bank kept the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of net demand and time liabilities (NDTL).
The central bank kept the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of net demand and time liabilities (NDTL).
Going forward, the RBI will seek to bring the inflation rate to the mid-point of the band of around 4 per cent provided for in the agreement, i.e., to 4 per cent by the end of a two year period starting fiscal year 2016-17, the central bank said in a statement.
Wednesday, March 4, 2015
HR Article
Language Training a Key to Global-Ready Workforces
Employers that offer language training to their employees often outperform their competitors that don’t provide such training, according to a new study from Rosetta Stone Inc., a company that markets software for learning more than 30 languages.
The company’s 2015 Business Language Impact Study found that businesses with language-training programs are more successful in developing productive and high-performing workers who have the tools and confidence to succeed in the global marketplace. The findings were based on surveys of nearly 1,900 employees from more than 300 companies located on six continents.
“It’s clear that businesses are looking for a competitive advantage, and language training can offer an edge,” said Judy Verses, president of global enterprise and education at Rosetta Stone in Arlington, Va. “We know businesses worldwide are facing language proficiency challenges, as they continue to move into markets where English is not spoken.”
Finance Article
5 smart things to know about disinvestment
Disinvestment is when the government sells the equity shares it holds in public sector units (PSUs) to individuals or institutions.
Disinvestment transfers the ownership of shares from government to another entity, at market prices and creates gains for the government depending on the price.
It is done when the PSU is not profitable or the government does not want to continue in any business since the private sector has penetrated that business
When funds raised from disinvestment are used to meet routine revenue expenditure, it is undesirable as an asset is sold without creating another asset.
Disinvestment has become a significant source of revenue for the government; Rs 40,000 crore is the estimated amount to be raised in financial year 2014-15.
It is done when the PSU is not profitable or the government does not want to continue in any business since the private sector has penetrated that business
When funds raised from disinvestment are used to meet routine revenue expenditure, it is undesirable as an asset is sold without creating another asset.
Disinvestment has become a significant source of revenue for the government; Rs 40,000 crore is the estimated amount to be raised in financial year 2014-15.
Tuesday, March 3, 2015
HR Article
The Hidden Benefits of Employer Branding
Recent upticks in the economy and the labor market in particular have changed the balance of power between employers and job applicants, bringing the concept of employer branding to the forefront.
HR professionals with a strong understanding of the connection between effective employer branding and talent acquisition may still be surprised to learn that investing in building and marketing your company’s brand can have positive impacts on internal metrics such as employee engagement and turnover.
If your company has made branding a priority for 2015, you should begin by assessing the current strength of your brand. Neil Costa, founder and CEO of HireClix, a boutique digital recruiting firm, emphasized that your employer brand is not simply a company logo or career page. Instead, it is “the emotional reaction people have to the idea of working for your company.”
Once you’ve identified the central elements of your brand, it’s time to choose a communication medium that resonates with both job candidates and current employees. The use of logos, career pages and social media are all common ways to do this.
Don MacPherson, president of human capital consulting firm Modern Survey, asserts that social media is the perfect place to tout your brand and reach both audiences. He pointed out that “the relationship between level of engagement and social media activity is significant. About 80 percent of disengaged employees do not follow their company on social media, compared to 44 percent of fully engaged employees.”
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