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  • Ivinder Gill | The Financial Express
    Made in India too Diamond man Nirav Modi is all set to take Indian jewellery to global markets hoping the Made in India tag becomes an aspirational one Luxury made in India Luxury and quality usually associated with top notch international brands need not mean only foreign labels The litfest tamasha that everyone loves This year s Jaipur litfest is another crowd puller with its line up of film literary stars Editor s Pick How Zika virus infection can spread From mosquito bites to urine transmission top 5 points to note From Real Madrid to Chelsea Know the top 10 richest clubs New Mahindra cars at the Delhi Auto Expo 2016 Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India s biotech moment A made in India Zika virus vaccine Sanam Teri Kasam collections at Rs 1 25 cr Valentine s Day booster shot missing New Mahindra cars at the Delhi Auto Expo 2016 From Real Madrid to Chelsea Know the top 10 richest clubs Earthquake in Taiwan Magnitude 6 4 quake kills 14 over 100 missing scores injured in Tainan Real Madrid s Cristiano Ronaldo 31 soccer star and entrepreneur All you need to know in 8 slides How Zika virus infection can spread From mosquito bites to urine transmission top 5 points to note International Fleet Review 2016 President Pranab Mukherjee reviews naval fleet Asteroid TX68 to pass by Earth on March 5 at 9 000 17 000 km distance NASA Earthquake in Nepal 5 5 magnitude quake injures 15 tremors rock Bihar too Horoscope By Peter Vidal Today 08 Feb This Week 07 Feb 13 Feb SAGITTARIUS Your choices are perfectly clear Loved ones or close companions may be unreasonable but there is probably no escape from emotional tension What you can do however is make a conscious decision to treat all differences of read more Home Markets 2016 02 07 10 49 39 Outlook GDP data Q3 earnings to set market tone GDP IIP and consumer inflation will dictate market movement this week say experts while blue chips SBI and ONGC are also lined up to release their third quarter earnings numbers Sensex end 278 points up on value buying Lupin Vedanta shares surge Top 10 stocks that trended in today s trade Jindal Steel Lupin and more RBI to buy back inflation indexed bonds maturing in 2023 Mutual Fund AUM falls for third straight month in January Companies 2016 02 07 11 47 07 India Post to invest Rs 322 crore to augment parcel capacity In a bid to strengthen its position in the e commerce market India Post has proposed to invest

    Original URL path: http://www.financialexpress.com/author/ivinder-gill/ (2016-02-08)
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  • To set right the Left | The Financial Express
    CPI which today plays second fiddle to its first breakaway the Communist Party of India Marxist or CPM came to be With its umbilical link with Soviet socialism particularly the Stalin era Indian communism remained unacquainted with the theoretical tradition of Western Marxism This argument underpins the contention in The Phoenix Moment that the CPI was constrained in framing strategic approaches relevant to India s social political economic and cultural contexts Doggedly refusing to look into caste issues remaining fixated instead on class struggle and opposing Ambedkar as per Bidwai s analysis and sections that call themselves the New Left could have cost the Indian Left dear in its early years The author who never joined any of the Left parties despite his Marxist leanings because he didn t find any of them to be sufficiently undogmatic or open to new ideas tears into the Leninist principle of democratic centralism for stifling any internal criticism linking it to the present decline of the Indian Left Given the unravelling of the Left has been rather severe in its two erstwhile strongholds Kerala and West Bengal the four chapters in The Phoenix Moment that discuss this are seminal to understanding the Left s history and present To be sure Bidwai has dwelt upon the remarkable successes the Left has had in implementing land reforms in Kerala and improving the state s social indices But he also unhesitatingly criticises the falling of the Left parties into the trap of parliamentarism where ideology and even the fundamental concerns of the proletariat became subservient to the goal of winning elections The criticism it is a fair one especially in view of the piecemeal land reforms in West Bengal that gave way to a more neo liberal approach before eventually leading to a Nandigram or Singur however underplays the importance of the fact that in India s Constitution guided set up it is nearly impossible to effect any policy change otherwise The Phoenix Moment remains convinced that the Left kept scaling down its opposition to the neo liberal economic consensus that has emerged among nearly all other mainstream political parties instead of building alternatives in Kerala or West Bengal The book also looks at crucial factors not of Left s creation that have led to it being relegated almost to the margins It explores and builds the argument that caste concerns have been waylaid to become entrenched identity politics leaving too fragmented a polity for the Left to build a cohesive base Interestingly Bidwai has also examined how growing consumerism in Kerala founded on remittances has charted a neo liberal turn for the state s polity With the Kerala and West Bengal state assembly elections due later this year The Phoenix Moment presents a rare opportunity for the Indian party and non party Left that of initiating a course correction guided by the voice of a true comrade First Published on February 7 2016 12 08 am Please Wait while comments are loading Calculators Tax Calculator

    Original URL path: http://www.financialexpress.com/article/industry/jobs/to-set-right-the-left/208395/ (2016-02-08)
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  • Sarthak Ray | The Financial Express
    Ballot Box explains what precipitated the Maoist revolution in Nepal and how it shaped up in the years to 2008 Old world charm Necropolis is fascinatingly contemporary yet offers leisurely glimpses into Delhi s history Mecca The divine order Mecca The Sacred City is a monograph on the simultaneously temporal and sacred nature of Islam s holiest city Top sacred revealed In his latest Pattanaik seeks to inform us about the contexts in which the feminine divinity was founded and how it has shaped or been shaped by social constructs Editor s Pick How Zika virus infection can spread From mosquito bites to urine transmission top 5 points to note From Real Madrid to Chelsea Know the top 10 richest clubs New Mahindra cars at the Delhi Auto Expo 2016 Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India s biotech moment A made in India Zika virus vaccine Sanam Teri Kasam collections at Rs 1 25 cr Valentine s Day booster shot missing New Mahindra cars at the Delhi Auto Expo 2016 From Real Madrid to Chelsea Know the top 10 richest clubs Earthquake in Taiwan Magnitude 6 4 quake kills 14 over 100 missing scores injured in Tainan Real Madrid s Cristiano Ronaldo 31 soccer star and entrepreneur All you need to know in 8 slides How Zika virus infection can spread From mosquito bites to urine transmission top 5 points to note International Fleet Review 2016 President Pranab Mukherjee reviews naval fleet Asteroid TX68 to pass by Earth on March 5 at 9 000 17 000 km distance NASA Earthquake in Nepal 5 5 magnitude quake injures 15 tremors rock Bihar too Horoscope By Peter Vidal Today 08 Feb This Week 07 Feb 13 Feb SAGITTARIUS Your choices are perfectly clear Loved ones or close companions may be unreasonable but there is probably no escape from emotional tension What you can do however is make a conscious decision to treat all differences of read more Home Markets 2016 02 07 10 49 39 Outlook GDP data Q3 earnings to set market tone GDP IIP and consumer inflation will dictate market movement this week say experts while blue chips SBI and ONGC are also lined up to release their third quarter earnings numbers Sensex end 278 points up on value buying Lupin Vedanta shares surge Top 10 stocks that trended in today s trade Jindal Steel Lupin and more RBI to buy back inflation indexed bonds maturing in 2023 Mutual Fund AUM falls for third straight month in January Companies 2016 02 07 11 47 07 India Post to invest Rs 322 crore to augment parcel

    Original URL path: http://www.financialexpress.com/author/sarthak-ray/ (2016-02-08)
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  • Idea Exchange: ‘See how many with master’s degree apply for clerk’s job… That’s what colleges are creating’ | The Financial Express
    if a child has done 100 hours of football or 50 hours of football Similarly when you are going to college going in for a BSc or BA programme why can t we introduce in addition vocational programmes which get them certificates or diploma in the first year second year third year There are private providers too who have been funded by the National Skill Development Corporation or institutions starting skilling initiatives on their own or for profits social impact etc That is another mechanism that is available If somebody says I can give skilling and he has just a classroom like this it is also possible You do not have to invest in equipment Employment generation takes place within an industry located around the area Amitabh Sinha But that is difficult to achieve in all the districts Many districts do not even have small industries That is where technology comes in I can train in this room with say a welding simulator weaving simulator at least 60 of what needs to be done on the shop floor So technology has played a very critical role in this We have demonstrated that and we are deploying that also Amitabh Sinha A huge number of students go after degrees such as engineering MBA They get the fancy degrees but don t have skills Is there anything in the skill development plan to modify the course content of at least the better colleges at smaller centres No but what I talked about that in any college in addition to the regular curriculum introduce vocational courses At least they can do something beyond what they are doing Otherwise see what we are witnessing for a driver s job or a clerical job see the number of fellows with a bachelor s degree or a master s degree applying That is the outcome of what we have created in some of these colleges You go to interior Andhra We went to some of these areas in Karimnagar There are so many guys with degrees with no jobs So they don t do anything Shobhana Subramanian We have become a very high cost economy in terms of wages and salary since the productivity increase is not at all happening in tandem We have virtually exported our IT industry to the Philippines because we are now no longer competitive as a result How do we address that Will this problem be solved by the skilling exercise Productivity has to be part of the equation At the same time we are conscious of the fact that in any transition certain jobs are going to go away not necessarily to some other lower cost country but also due to automation Shobhana Subramanian Then how are we going to address the unemployment issue That is why I said let us do the district level mapping if you take a district what are the kind of jobs required You will find so many jobs we have not even touched through skills Similarly take a newer area take water energy waste management take municipality types of job where servants are required tomorrow you can see new kinds of job are there R Jaikrishna Most of the skills are qualitative Is there a metric that says this person is level 1 or 2 In the small or medium industry let us say automotive tell them what all functions employees have to perform and the kind of theoretical foundation and practical hands on experience on a particular machine needed and how many hours are required on that particular machine What is the best way to certify these people both in terms of hands on assessment as well as theoretical assessment It must be a collaborative effort so that say tomorrow this person trained according to standards published by the skill council is certified by a third party or an independent agency the industry must consider that person at that level The curriculum has been adopted as that which you prescribed then give the right wages Sushant Singh Has the ITI model not worked And what are the weaknesses of that model which you are going to still face because again the system is dominated by state governments skills may not be certified by state governments people may not be learning the right thing and industry may not be interested My second question is that by mandating the wages to a particular skill level are you not building a licence raj by not letting market forces decide salaries We are talking about minimum pay because the skill requires that kind of compensation for that person That s all we are talking about It is not mandatory or anything All of us decide the minimum wage that we should pay for this skill then we must pay that As for the first question regarding ITIs The performance of ITIs has been abysmal And the reason I have visited around a hundred the infrastructure is completely behind track The quality of the instructors and quality of management and governance are itself suspect These are the things we are trying to address that if there is a good ITI what is the linkage that makes it a good ITI Participation by the private sector equipment which is modern passionate leader who is willing to put in his extra to make sure that every youth that will pass will get a job all of it has to come together Sushant Singh The primary incentive for a person undergoing skilling is better pay better job Is this going to address what Prime Minister Narendra Modi talked about the new aspirational class which goes to colleges and gets degrees How are you going to counter the challenge of aspirations vis a vis reality Aspirations come from within the house Today you tell parents their children are going to get a vocational degree they won t accept it A paper degree is more socially acceptable TCS Tata Consultancy Services has created

    Original URL path: http://www.financialexpress.com/article/industry/jobs/idea-exchange-see-how-many-with-masters-degree-apply-for-clerks-job-thats-what-colleges-are-creating/208384/ (2016-02-08)
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  • ENS Economic Bureau | The Financial Express
    Regulatory Development Authority PFRDA has sought the government s clarification on the issue of regulating the pension products being run by mutual fund houses and life insurers No HC relief for Singhania grandchildren in realty row Four grandchildren have asked the court to direct all concerned parties not to deal with the properties and wealth mentioned in the 1998 agreement till it decides on the case Rupee depreciating Why is it good for IT and pharma sectors An unexpected move by China to devalue yuan by over 3 5 per cent in two days to support its exports gave a jolt to both the currency and equity markets At 8 4 non food bank credit offtake growth falls to 20 year low With demand for loans not showing any signs of pick up the growth in non food bank credit offtake has fallen further to 8 4 per cent in June 2015 as compared with the increase of 13 0 per cent in June 2014 Rate cut hinges on transmission by banks RBI s Deputy Guv SS Mundra Reserve Bank Deputy Governor SS Mundra has said the RBI would like to see among other things as to how banks pass on the benefit of earlier rate cuts to customers before it goes in for another cut Investment slide continues capacity utilisation down to five year low Low capacity utilisation is the key challenge faced by most industrial sectors E commerce encroaching into banking space RBI Dy Guv HR Khan The day is not far off when the banks would be viewed more as technology companies offering banking products and services says RBI deputy governor HR Khan Ahead of monetary policy meet on Aug 4 Raghuram Rajan meets Arun Jaitley The meeting comes just days after the finance ministry released a revised draft of the Indian Financial Code that would reduce the central bank s powers to decide the monetary policy stance More funds for PSU Banks FinMin lays out Rs 70 000 cr capital infusion plan over 4 years Finance minister Arun Jaitley also sought additional funds to the tune of Rs 12 010 crore for bank recapitalisation as part of the first supplementary demand for grants for 2015 16 MAT report FM Arun Jaitley to take action soon The government said that it will soon decide whether the FIIs would have to pay the MAT on the capital gains made by them up to March 31 2015 after considering the Justice AP Shah panel report which was submitted to Arun Jaitley 1 2 3 4 5 6 7 8 9 Editor s Pick How Zika virus infection can spread From mosquito bites to urine transmission top 5 points to note From Real Madrid to Chelsea Know the top 10 richest clubs New Mahindra cars at the Delhi Auto Expo 2016 Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its

    Original URL path: http://www.financialexpress.com/author/ens-economic-bureau/ (2016-02-08)
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  • E-commerce to generate 2.5 lakh jobs in 2016: Assocham | The Financial Express
    mobile technology and improvements in security and connectivity of shopping and payment platforms The hiring activities are expected to grow by over 60 65 per cent in this sector and may help create between 5 8 lakh employment opportunities in two to three years Assocham Secretary General D S Rawat said The chamber said m commerce is growing rapidly as a stable and secure supplement to the e commerce industry As per the report one third of MBA students from top business schools including the IIMs prefer working for the fledgling e commerce sector over traditional favourites like consulting and financial services jobs India is successful in becoming the largest e commerce market in the world The rapid transformation in logistics innovation consumerism and productivity prove to be an interesting case study for other emerging economies Rawat said First Published on February 5 2016 4 03 pm Tags Assocham Please Wait while comments are loading More on this story Assocham makes a pitch for women friendly Budget Stark digital divide among states Assocham Support GST bill passage Assocham to Sonia Gandhi Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra

    Original URL path: http://www.financialexpress.com/article/industry/jobs/e-commerce-to-generate-2-5-lakh-jobs-in-2016-assocham/207655/ (2016-02-08)
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  • IT companies’ net hiring to be flat next fiscal, says Nasscom | The Financial Express
    them can now find jobs in global technology companies or join start ups India is currently ranked as the third biggest start up ecosystem with over 4 200 start ups with one start up begun every six hours These start ups are likely to add 40 000 new people during the next fiscal he said Gurnani further added that about 20 of engineering graduates now want to start up on their own and the trend is much bigger among management graduates The strategy behind maintaining the net hiring numbers is also to maintain or improve margins he said On the overall forecast the country s software and services companies are likely to see their revenue from exports to grow by 10 12 to 119 121 billion during the next fiscal year while it could see its export revenues grow by 12 3 at the lower end 0f 12 14 forecast during the current fiscal that ends March 31 Nasscom said The industry body said that political instabilities in Europe such as the migrant crisis and the IS expansion in West Asia were affecting growth The sector is also facing challenges in some other markets where elections are due including the US since political leaders take protectionist view and against outsourcing of jobs to India The slump in global crude oil prices slowdown in China s economy and negative currency movements especially of the US dollar pound euro and the Australian dollar are affecting growth it said Technology companies get more than 60 of their work from companies in the US and about 20 of projects from UK based companies In the domestic market technology companies are likely to see their revenue grow by 10 during the current fiscal to reach Rs 1 41 000 crore while for the next fiscal it is estimated to grow by 11 13 to Rs 1 56 000 1 59 000 crore Nasscom said At home the growth is likely to be fuelled by the burgeoning e commerce segment in the coming fiscal and the government s initiatives such as Smart City Digital India and focus on the start up ecosystem it said During the current fiscal the e commerce segment added 17 billion to the industry s revenue First Published on February 5 2016 1 45 am Tags IT Sector Please Wait while comments are loading More on this story NIIT Technologies Q3 net profit up 54 to Rs 74 2 crore Skill shortage seen a risk for Indian IT sector growth M A deal tally at 29 bn till Oct up 23 Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index

    Original URL path: http://www.financialexpress.com/article/industry/jobs/it-companies-net-hiring-to-be-flat-next-fiscal/207512/ (2016-02-08)
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  • ICAI’s IPCC course examination: All you wanted to know | The Financial Express
    nine months of practical training including study course for a period of eight months which shall commence from the date of registration to the Course Students who are pursuing the Final year Graduation Course can also register for the Intermediate Integrated Professional Competence Course on provisional basis and such students registration would be regularised and they can commence articled training only on submission of satisfactory proof of having passed the Graduation examination with the specified percentage of marks within six months from the date of appearance in the final year graduation examination During the provisional registration period a student can undergo and complete Information Technology Training ITT and Orientation Course If such student fails to produce the proof within the aforesaid period his provisional registration shall stand cancelled and the registration and other fees as the case may be paid by him shall not be refunded adjusted and no credit shall be given for the theoretical education undergone Intermediate IPC Course registration is valid for 4 years and can be revalidated any number of times for further 4 years period by paying revalidation fee of Rs 400 or as decided by the Council from time to time details are available on the link http 220 227 161 86 29106validity registration CAcourse pdf Highlights Improved knowledge of accountancy linked to accounting standards to build strong foundation for developing knowledge of Financial Reporting at the Final stage Inculcating ethical values through a module of Business Ethics Updated knowledge of business communication through modules of developing soft skills leadership style group dynamics and developing knowledge of business meetings and legal documents Building knowledge of business strategies business environment and corporate governance Introducing Service Tax and VAT as special module with the purpose of strengthening knowledge of indirect tax Upgraded module of Information Technology linked to the 100 Hours Information Technology Training and Advanced course on Information Technology Training Upgraded modules of Audit and Assurance Cost Accounting and Financial Management Imparting basic knowledge of e filing under the company law leading to development of advanced knowledge of e governance at the final stage The subjects of Intermediate IPC Course are classified into two groups which a student can study and appear in the examination group wise or both the groups together Subjects covered in Intermediate IPC Course Group I Paper 1 Accounting 100 Marks Paper 2 Business Laws Ethics and Communication 100 Marks Part I Business Laws 60 Marks comprising Business Laws 30 Marks Company Law 30 Marks Part II Ethics 20 Marks Part III Communication 20 Marks Paper 3 Cost Accounting and Financial Management Part I Cost Accounting 50 Marks Part II Financial Management 50 Marks Paper 4 Taxation Part I Income tax 50 Marks Part II Service Tax 25 Marks and VAT 25 marks Group II Paper 5 Advanced Accounting 100 Marks Paper 6 Auditing and Assurance 100 Marks Paper 7 Information Technology and Strategic Management Section A Information Technology 50 Marks Section B Strategic Management 50 Marks Source ICAI First Published

    Original URL path: http://www.financialexpress.com/article/industry/jobs/icais-ipcc-course-examination-all-you-wanted-to-know/205229/ (2016-02-08)
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