Non-financial reporting in india

hi there...:)

I attended a session on "Non-financing reporting in India" by Mr Viraf Mehta.I must say it was awesome.

Let me take you to the main points discussed in the seminar.

i would give you an amazing insight into the thinking process i learnt during the session.Take any product in your vicinity.Now check the label of that product.Does it tell you how many children were involved in the making of that product.Do you know how much were the labors paid for making the product.Do you know is the product recyclable.Do you know what was the percentage of pesticide used in making the  product.I mean the question keeps on hitting you over and over again.It demands an answer.
Doesn't it? I ask you as a reader . Don't you have a right to know???

Let's ask some more difficult questions from the companies:

How many people work in your firm?

What is the gender ratio of your company?

How many women are there on the board?

Is there a union in your company?

There needs to be a proactive approach from our side.We need to demand answers."chalta hain" attitude has already done it's charm now is the time to stand up and ask questions.

i leave you with a question.We all talk about child labor and how it is so bad.But......................

"Do you know how many rights does a child have??????"

A seminar on "Revised clause 49 of the equity listing agreement".

What is corporate governance?

It is the set of  broader principles,processes by which a corporate is controlled and directed.
For further details Click here:I know More!!

Why is it important for listed companies to comply with this?

These companies are using public money so some regulatory mechanism should be in place to keep a check on them.

What are the principles of this clause?

1.Rights to shareholders.
2.Stakeholders role in corporate governance.
3.Disclosure and Transparency.
4.Responsibilities of the board.
5.Key functions of the board.

What is the composition of the board?

Atleast 50 percent of the board comprising of non-executive directors.

A director should not be on the boards of more than 7 listed companies.

A director is there for a term of 5 years.

how to learn anything?

hi there...i know you are busy but i really wanted to talk to u.Life is really short and what if could tell you that you can really learn anything really fast.

It is thought that it takes 10,000 hours to learn anything but in reality i can help you be there in just 20 hours....Amazing right ...i know..Now hear me out....

I want  you to  do this everyday for a month:

1. De-construct the skill(try to understand the skill or the thing you wanna learn.It will really help you to lay down your objectives and your strategy for achieving the same.).
2. Learn enough to self correct(Just understand the things so that you can put them simply to someone else).
3. Remove practice barriers(Always do your things in a place you love).
4. Test that skill for 45 minutes each day. Practice the thing you wanna master exactly for 45 minutes same time each day.

"The major barrier to learning anything is not intellectual its emotional".

Indian Contract Act 1872

A contract as defined by section 2(h) of the indian contract act 1872 is defined as the

a)Agreement
b)Enforceable by Law

The section 2(e) of the indian contract law 1872 defines agreement as the reciprocal of promises.

The section 2(b) of the indian contract law 1872 defines the promise is a accepted proposal

The section 2(a) of the indian contract law 1872 defines the  proposal as expression of willingness with a view to seek the assent of the other.

What agreements are contracts?

Enforceability by Law

• Illegal Agreements.(Smuggling,Killing)
• Social Agreements(Balfour Vs Balfour)

Agreement Declared Void under Indian contract act (1872) 

a)agreement with or by a minor
b)agreement in resistant of trade
c)Marriage brokerage contract
d)Betting agreement

Essential Elements of a Valid Contract

a)Agreement
b)Meeting of minds
c)Intention to create a legal Relationship
d)Free and genuine consent
    a)No coercion
    b)Under influence
    c)fraud
    d)misinterpretation
    e)mistake

5 besten Unternehmen

We asked 2 groups of MBA students as to what their dream company would be:

Group1

Company	What does it do/which business?	Personal Choice
Group M	Largest Media Investment Company	Creativity
Adobe	Computer Software company	Familial
Hindalco	Metal(Aditya Birla Group)	Sustainable development
Facebook	Social networking service	Awesomeness
SpaceX	American Space Transport Services	Amazing

Group2

Company	What does it do/which business?	Personal Choice
Ogilvy & Mather	International advertising & Marketing and PR	Brand Portfolio
P&G	American multinational consumer goods company	Need for Achievement
Google	Internet Related activities and Products	Work Culture
Facebook	Online social networking  service	Paycheck
Forever 21	American Chain of fashion Retailers	Affordability

mots pour impressionner

It's difficult to understand the topic, isn't it?.It means a few words to impress.The list is your own.You can learn from it,add  to it,defy it but do use it.So the list is:

• Big Data-Always remember three things associated with Big Data that is Volume(Large  amount of Data),Variety(diversity in data) and Velocity(rate of data).
• The Internet of Things-It is an idea that says that one day all of the devices in your room will be able to talk(share and receive data) to each other.All of these items would be able to host screens too.
• Thought Leader-It is a common word for marketers.It means  person whose opinions really matter. 
•  Growth hacking-it is a marketing technique used by the startups to convert the people into consumers of the product.They include Viral marketing,e-mail marketing,Search engine Optimization.
• Omni-Channel Retailing-It is concept where you try to give a seamless experience across all channels  to the customers.