Beaware of Smart Debt Management

Many of us are wary of Debt

But not everyone. Smart people do management this way..

Majnu wants Rs 50,000 and at the same time he dont wan't to pay any interest on it.

Hmmm....Idea !

After little introspection Majnu realized that he has good networking and communication skill, so why not to cash on it.

He has 10 friends .So Majnu takes Rs 5,000 from each and meets his requirement of Rs 50,000.

Now Majnu intentionally forgets repaying that money, and whenever any of his friend asks for money he tries to avoid his friend but sometimes when he cannot avoid the situation, then he make a new friend and borrows another 5,000 and pays to the old friend. And this sequence goes on and on.

So all the time he has Rs 50,000 with him to enjoy, invest or anything.

To it we call

Guys be aware of such friends and think twice before lending money.

Best Manager

Who can be the best manager.....

One of my college faculty told us that, when he was VP of a dept inxyz com,

there was a talented and good performer manager with excellent track

record, so he proposed his name for promotion.

B

Bu

But

the one higher authority was not agree to promote him.....

can u guess the reasoning....

It wa that----"The guy was not married"

And point of view of that authority was that -- a person who can well

manage his family can manage any company.(Because Company is nothing

else but a family itself).

So guys marry soon, if u r not getting promoted.

U will lose ur most eligible bachelors tag but u will definately

gain the respect.

Now u will argue that Mr. Abdul kalam(Ex President of India) and

Mr. Atal Bihari Vajpayee(Ex- PM of India), Ratan N Tata, were never married, still they

are successful....

Well , i must tell u

I dont want to argue .....with anyone

( The only difference is in point of view)

LIFE WITH ROOM MATES

Well living in hostel with friends and living in flat in a city like Mumbai is somewhat different.
We were 4 guys living together, with a common objective of doing MBA, Well we were all having 2-3 years of experience, so there was no problems initially in terms of financial expenses, as all of us was having small bank balance, but later problems increased.
whatever we were studying in MBA classes was implemented in day to day life. See how?

We studied:

Law - Formation of company, agreement so so n so.
Human resource management
Finance
Marketing & Branding
Operations management
Economics
IT

Now the correlation with our lives

Branding – Branding of ourselves, as we made our unique image in between friends in college.
Operation management – Arranging furniture in flat, Deciding shortest route to college.
Human resource Management – Managing Khana banana wali Bai and each member of the flat.
Law – Legal issues at the time of formation of contract between us and owner of the flat.
IT – In booking movie and reservation tickets.
Finance – Pooling & Utilizing funds, Debts management, Inventory management, Working capital management including daily expenses.
Economics – Marginal utility of satisfaction in food.

So as a whole MBA is more than study – It gave us a insight to our lives.

Tragedy with Management in India

Tragedy with Management in India ( Facts: Hard to Digest)

1.Over 10 lakh tonnes of food grains worth several hundred crores of rupees, which could have fed over one crore hungry people for a year, were damaged in Food Corporation of India (FCI) godowns during the last one decade
( Responsible for procurement and distribution of food grains across the country)

2.The damages were suffered despite the FCI spending Rs 242 crore while trying to prevent any loss of food grains during storage. Ironically another 2.59 crore was spent just to dispose off the rotten food grains.

3. The FCI informed that 1.83 lakh tonnes of wheat, 3.95 lakh tonnes of rice, 22 thousand tonnes of paddy and 110 tonnes of maize were damaged between 1997 to 2007.

4. Far from maximising the utilisation of its agricultural produce; the government estimates that on an average 15-30 per cent of the country’s food gets damaged while on its way from the farm to the fork.


5. Quoting a 2007 report by Rabo India Finance, the Agriculture Ministry admitted last year that Rs 58,000 crore worth of agricultural food items get wasted every year because of lack of refrigerated transport and cold storage facilities.

6. Vision 2025 of the Central Institute of Post Harvest Engineering and Technology (CIPHET) has more detailed data. It notes that overall, every year there are post harvest losses to the tune of 10-40 per cent depending upon the commodity.

7. The CIPHET believes fruits are the worst hit. While India is the second largest producer of fruits in the world, CIPHET estimates that 25-40 per cent of the total production of fruits is lost due to spoilage at various post-harvest stages, thus the per capita availability of fruits is reduced to around 80g per day which is almost half the requirements for a balanced diet.

8. Similarly, despite being the second largest producer of vegetables in the world (next to China), India, it is estimated loses around 20-25 per cent of its total vegetables to poor post harvest practices.

9. Not surprisingly less that 2 per cent of the total vegetables produced in the country are commercially processed as compared to 70 per cent in Brazil.