Wednesday, April 15, 2009

Environment Protection Act 1986

Background:
In the wake of the Bhopal Gas Tragedy, the Government of India enacted the Environment (Protection) Act 1986 under Article 253 of the Constitution. The purpose of the Act is to implement the decisions of the UN Conference on Human Environment of 1972. The Act is an umbrella legislation designed to provide a framework for Central Government coordination of the activities of various Central and State authorities established under previous laws such as the Water Act and the Air Act.

Definitions:
Meaning of different words used under this Act are-

(a) "environment" includes water, air and land and the inter- relationship which exists among and between water, air and land, and human beings, other living creatures, plants, micro-organism and property;

(b) "environmental pollutant" means any solid, liquid or gaseous substance present in such concentration as may be, or tend to be, injurious to environment;

(c) "environmental pollution" means the presence in the environment of any environmental pollutant;

(d) "handling", in relation to any substance, means the manufacture, processing, treatment, package, storage, transportation, use, collection, destruction, conversion, offering for sale, transfer or the like of such substance;

(e) "hazardous substance" means any substance or preparation which, by reason of its chemical or physico-chemical properties or handling, is liable to cause harm to human beings, other living creatures, plant, micro-organism, property or the environment;

(f) "occupier", in relation to any factory or premises, means a person who has, control over the affairs of the factory or the premises and includes in relation to any substance, the person in possession of the substance;

(g) "prescribed" means prescribed by rules made under this Act.

Tuesday, April 14, 2009

Tech Mahindra


Tech Mahindra is a global integrator and business transformation consulting firm specialized in telecom industry.
Tech Mahindra has been the chosen transformation partner for wireline, wireless and broadband operators in Europe, Asia-Pacific and North America. Majority owned by Mahindra & Mahindra, one of the Top 10 industrial houses in India, in partnership with British Telecommunications plc (BT), world’s leading communications service provider, Tech Mahindra has grown rapidly to become the 6th largest software exporter in India (NASSCOM 2007) and the second largest telecom software provider from India (Voice & Data 2007).

Milestones:
1. 1986: Incorporation in India
2. 1987: Commencement of Business
3. 1993: Incorporation of MBT International Inc., the first subsidiary outside India.
4. 1994: Awarded ISO 9001 by BVQI.
5. Acquired Axes Technologies (India) Pvt. Ltd, including its UK and Singapore subsidiaries.
6. Name changed to Tech Mahindra. Also formed JV (Joint Venture) with Motorola under name Canvas M in the same year.
7. 2007: Acquired iPolicy Networks Ltd.
8. 2009: Tech Mahindra declared highest bidder for Satyam with an offer of Rs. 58/share for 31% stake in Satyam.

Tech Mahindra Foundation:

Founded in June 2007 to help underprivileged, especially children, as well as espouse the cause of women's empowerment in education. The Foundation also supports women empowerment programs through vocational, technical and professional education at all levels. Tech Mahindra Foundation is spawning new ways to transform society by supporting education and women empowerment programs, and bring its benefits to the displaced and dispossessed. The Foundation has tie-ups with non-governmental organizations (NGOs, not-for-profit ventures) based in Delhi-Noida, Maharashtra and Karnataka.

Revenue Graph:


During FY (Fiscal Year) 05 Tech Mahindra had 210.4 million dollar ($ mn), which went up to 648 million dollar during FY06 and much higher up to 934.7 million dollar during FY08. Due to recession in market companies revenue had decreased to 231.9 million dollar in March 09.

Friday, April 10, 2009

Broadband internet in India

Broadband means increase in the bandwidth of communicating channels. In computer networking and other digital fields, bandwidth refers to as a data transfer in bit per sec or bit/sec. Thus wider the width, greater the information carrying capacity. Bandwidth depends upon the types of data transferred and to some extent on the medium too. For example, a broader band is required to carry speech, a still broader is required to carry music and much broader is needed to carry videos.

Relating to data transfer, broadband networks are those in which data are transferred in multiple pieces simultaneously to increase effective rate of transfer. Presently Broadband in India can be access through DSL ( Digital Subscriber Line), Cable modem and Wireless technology.

Major Broadband players in India:

1. Airtel: Airtel is the leading private broadband service provider across 95 cities in India with approximately 9.92 lakh broadband customers as on December 31, 2008. Airtel uses fiber copper wire for networking using ADSL 2+ technology (a type of DSL).

In April 2009, Airtel launched 16 Mbps broadband on DSL in the country. Till date it is the fastest Broadband in India for general public. Airtel customers will have to pay nearly 3000 rupees to access 16 Mbps speed. Other than this company has many limited and unlimited plans to attract the customers. Standard plans ranging between 500 to 600 rupees, depending upon the area considered.

Now Airtel also entered the wireless internet market with Wireless USB modem and data card.

Saturday, March 28, 2009

Nano- The people's car

Images of Nano:


Making of Nano:

* March 2003: Ratan Tata discloses plans to launch the world's cheapest car at Rs 1 lakh at the Geneva Motor Show

* May 2006: Tata Motors announces setting up Nano manufacturing unit at Singur in West Bengal with initial investment of Rs 1,000 crore spread over 700 acres; scaled up to 1,000 acres with total investment of Rs 1,500 crore.

* Oct 2006: Trinamool Congress opposes Tata Motors' plans to set up factory at Singur, calls 12-hour state-wide bandh alleging forcible acquisition of farmers' land.

* Dec 2006: Violence mars Singur, five hurt in rubber-bullet firing. Mamata Banerjee goes on indefinite hunger strike, which was called off after 25 days following appeals from the Prime Minister and the President.

* Jan 2007: Land puja offered at Singur car project site

* Feb 2007: Police-mob clash at Singur.

* Mar 2007: WBIDC signs a 90-year agreement with Tata Motors for Nano plant; farmer commits suicide; Mob attacks proposed site; bomb explosion damages fencing

* May 2007: Peace talks between state government and Trinamool Congress fail; one more farmer commits suicide

* June 2007: CPI(M) patriarch Jyoti Basu echoes Mamata Banerjee's demand that only 600 acres is required for the Singur project instead of 1,000 acres, but state government rules out returning Singur project land to farmers

* Nov 2007: Central forces deployed at Singur after fresh protests

* Jan 2008: Ratan Tata unveils Nano at Auto Expo in Delhi; Calcutta High Court orders Singur land acquisition legal

* Mar 2008: Nano showcased at the Geneva Motor Show

* May 2008: Supreme Court refuses to stay Nano roll-out from Singur

* June 2008: Singur protesters break factory gate

* Aug 2008: Talks between West Bengal Chief Minister Buddhadeb Bhattacharjee and Mamata Banerjee, who demanded return of 400 acres to farmers, fail. Subsequently, Ratan Tata threatens to exit from Singur. It was followed by Trinamool Congress' indefinite dharna. Factory workers stay away from work after assault.

* Sep 2008: WB Governor Gopal Krishna Gandhi intervenes. Agreement signed between state government and Trinamool Congress but it is shortlived. Mamata Banerjee holds rally demanding return of 300 acres of land. Security guards at Singur factory attacked.

* Oct 2008: Ratan Tata formally announces pulling out of Nano plant from Singur and days later declares Sanand at Gujarat as the new manufacturing location for Nano at an investment of Rs 2,000 crore

* Feb 2009: Tata Motors announces launch date of Nano to be March 23.

* Mar 2009: Ratan Tata unveils European version of Nano with added features and complying with Euro V emission norms at the Geneva Motor Show; Nano makes commercial debut.



Man behind Nano- Ratan Tata:
Ratan Tata headed Tata Motors may accumulate large profits from Nano project but it is also true that Nano will change the living standard and mentality of middle class in India. Idea of building a car of 1 lakh without compromising on quality standards made Ratan Tata a person who thinks beyond the business.According to Ratan Tata, "What drove me-a man on a two-wheeler with a child standing in front, his wife sitting behind, add to that the wet roads-was a family in potential danger."
Promises of Nano:
1. Imagine a car within the reach of all(Base model at 1.23 lakh in Delhi).
2. Feel the safety of big car in a small car.
3. Ample space to carry your family.
4. Drive ahead with 23.6 kilometers/litre.
5. Less parking space.

Dealers deal for Nano:
The typical dealer margin on passengers cars & utility vehicles is between 3-3.5% on the value of the bill but in the case of Nano it is likely to be between 2-2.5%, thus dealers would have to sell large volumes of cars to make money.
As the popularity of Nano is on peak, dealers are not going to be affected in any way.
Typically, about 70% of a car's dealers revenue comes from businesses like servicing, arranging finance, sales of spares parts and accessories, insurance renewals, offering driving lessons etc.
Tata Motors dealers earn 1-1.5% on loan, 15% on insurance cover, around 5-6% on sales of spares part, but this may also go down in case of Nano.
Contact number in case of quaries:
For any queries, doubts or clarifications please call call centre at 020-66495677.

Thursday, March 12, 2009

Indian Business Law

Business laws in India are as old as Barter System. It is not that there were no business laws under the monarchy system, but the timeline of modern business laws in India starts from 1600 A.D. Still traces of these laws can be found today and are exercised in the court of law.

The foundation of the east India Company was the major landmark in the Indian legal history. The company was set up under the British Crown’s charter of 1600.The charter conferred corporate character and juristic personality of the company. It granted power to make laws for its government and to impose such fines and penalties as might be necessary to impose these laws.

Sources of Indian Business Law:

1. English Mercantile Law: Lex mercatoria is the Latin expression for a body of trading principles used by the merchant throughout Europe in the medieval. Meaning literally ‘law merchant’, it evolved as a system of customs and best practice, which was enforced through a system of merchant courts along with main trade routes. It functioned as the international law of commerce.

The English Mercantile law constitutes the foundation on which the superstructure of the Indian Mercantile law has been built.

2. Statutory Law: Statutory law is written law set down by the legislature or other governing authority such as the executive branch of the government in response to the perceive need to clarify the functioning of the government, improve civil order to codify existing law, or for an individual or company to obtain special treatment.

In context to India, all laws are statutory i.e when ‘Bill’ is passed by the Parliament and signed by the President of India; it becomes an ‘Act’ or a ‘Statute’. The bulk of Indian of Indian Mercantile law is a statutory law.

3. Judicial Decisions: The past judicial decisions of courts are important sources of law. Sometimes there is no statutory provision which can answer a legal question raised in a law suit. In such cases the court will look into the previous court decisions on similar matters to find the relevant law.

The precedents set by the higher courts have a binding force on lower courts and the precedents set by the same courts of the same status like High Courts of different states have persuasive value for each other.

4. Customs and Usages: Customs and usages of a trade play an important role in business dealings of that trade. As a matter of fact they have a binding force on the parties, like by the mercantile usage prevailing in the Delhi Iron Market among big merchants, no interest can be charged on the unpaid price for transactions before 1917. To have a binding force, the custom or usage must be certain, reasonable and well known.

Sunday, February 15, 2009

DLF- Building India


History:
The DLF Group was founded in 1946 by Chaudhury Raghuvendra Singh. It developed some of the first residential colonies in Delhi such as Krishna Nagar in East Delhi, which was completed in 1949. Since then it has been responsible for the development of many of Delhi’s other well known urban colonies, including South Extension, Greater Kailash, Kailash Colony and Hauz Khas.
Awards:
1. DLF was chosen as the leader in the 'Building & Construction - Real Estate' category, in the 2nd NDTV Profit Business Leadership Awards held in New Delhi on July 27 2007. This award reaffirms DLF's leadership position and underlines the contribution made by DLF in the real estate sector.
2. G.B. Pant University of Agriculture & Technology conferred an Honorary Degree of Doctor of Science to Mr. K P Singh, Chairman DLF in the April '08, in recognition of his invaluable contribution in the field of Business Administration.
Milestones of DLF

Friday, November 7, 2008

Job Analysis: Job Description and Specification

Before understanding what job analysis is all about, it’s better to understand the terms related to job analysis. These are task, position, job and occupation.
Task: A task is defined as an action or a course of action done to produce desirable results. A task is part of a set of actions which accomplish a job, problem or assignment. So task is the unit for any specified job.
Position: A position is the group of similar tasks and responsibilities assigned to a particular. Position is commonly identified by the job title. Positions are defined on the basis of department or sector to which a particular belongs. Position of a person in marketing sector is different to that of finance.
Job: A group of positions those are similar at the level of work. Sometimes position = job, this is because no similar job exists. For example, there may be one personal manager in a small business because there is no similar position in that organization. Also we take large banks into account, there are many cashiers (one job) but works or tasks may not be similar (many positions).
Occupation: Occupation is the group of jobs that are similar within a particular industry or a country. Thus it is the category of work found similar in many firms. For example, Manager in banks has different jobs in comparison to Manager of an event.
TASK POSITION JOB OCCUPATION
Job Analysis may be defined as the analyzing a concerned job and determine in detail the particular objectives and requirements and relative importance of these duties. Job analysis is the process where judgments or decisions are made on the data collected on a job. There are many ways to collect data, the most common are interviewing persons on the job or watching the working environment through camera.
The job analysis may include these activities:
• reviewing the job responsibilities of current employees,
• doing Internet research and viewing sample job descriptions online or offline highlighting similar jobs,
• analyzing the work duties, tasks, and responsibilities that need to be accomplished by the employee filling the position,
• researching and sharing with other companies that have similar jobs, and
• articulation of the most important outcomes or contributions needed from the position.
The aspects of job analysis include: job description and job specification
1. Job Description: Job description is an organized, factual statement of the duties and responsibilities of a specific job. Thus it is the appropriate and authorized content of a job. Typically, they also include to whom the position reports, specifications such as the qualifications needed by the person in the job, salary range for the position, etc. Job descriptions are usually developed by conducting a job analysis, which includes examining the tasks and sequences of tasks necessary to perform the job. The analysis looks at the areas of knowledge and skills needed by the job. Normally job description today is meant for advertising purpose. Also, it is used to produce the ethics, rules and regulations practiced within an organization.
Effective Job description should:
 Indicate the scope and nature of the work.
 Should be clear regarding the work of the position, duties etc.
 Definition of unusual terms.
 The kind of work to be performed and degree of complexity.
 The degree of skill required.
 The extent of workers responsibility for each phase of work.
 Salary levels: Pay, D.A and other allowances and bonus.
 Supervision given and received.
 Conditions of work: location, time, speed of work, accuracy, health and accident hazards.
Job Description: What the job actually is!
• Job Specification: Job specification is judging and selecting a prospective candidate for a specific job. It is the written statement of qualifications, traits, physical and mental characteristics that a candidate must possess to qualify for the job and discharge his responsibilities effectively. Thus job specification should include
 Degree of education
 Desirable amount of experience in previous job.
 Specific skills required.
 Health considerations.
Job specifications should be able to specify the following specifications:
 Physical specifications: This includes the physical qualifications or capacities that vary on the job category. These include height, weight, age, weight lifting capacity, hearing capacity, machine operating conditions etc.
 Mental Specifications: This includes normally the ability to perform mathematical calculations, judgment ability, reading ability, degree of concentration etc.
 Emotional and Social Specifications: These hold importance for the post of manager. These include emotional stability, flexibility, social adaptability in human relationships, personal appearance including dress, posture etc.
 Behavioral Shape: Plays an important role in selecting candidates for higher level of jobs in the organizational hierarchy. This include research, creativity, self-reliance, dominance etc.