Responsibility is a big word no?? and Being responsile is a big task.
Taking responsibility is actaully a big task, it makes you realise who you are?, what you can do?, and what are your powers...
If you take responsibility of your mistake & admit it ,that means you have an internal locus of control. you what you are doing & you know what went wrong.
Even if you dont know what went wrong, & you know that it was because of you take responsibility. It hels you gain respect in society.
You'll gain respect from people.Be careful not to repeat that mistake , 'cause it can go against you as well.
We often hesitate taking responsibility, taking responsibility for something makes you more reliable and dependable. reliabe and dependable people are oftenb looked at with respect and have commendable position in society. Why we respect or elders because they have our responsiblity. Imagine if they would have backed out of our responsibility what would have happened to us. right???
So take responsibility & enjoy the results.
Tuesday, December 23, 2008
Monday, October 20, 2008
Immunity of India to Global Financial Crisis(GFC)
Global Finacial Crisis.. A buzz word today on everyones mouth.. Everyone is taling about it, the market is crashing, meargers and aqusitions of leading firms of U.S.,bankruptcy of Lehmen Brothers. All this is related to GFC.
What is GFC?
It started with the sub prime crisis which tiggered out in the U.S.
sub Prime lending crisis was when banks started giving loans for buying propert to the people in U.S. without ensuring their secured return. This Carelessness resulted in defaults, the initial few defaults were overlooked which resulted in a increasing number of defaults. The increase in number of defaults meant that the money that was given as loans by banks has sunk. This created a Bad debt for the banks and the amount of bad debt was so big that it lead to huge losses to big banks.
This sub-prime Crisis was jus a trailer and the big picture was yet to be seen.
The sub prime crisis showed its effects after a year which can be seen in the crash down of the U.S. economy.
The losses to the U.S. banking system has gone up to $1.4 trilion ( source: IMF), the figure is still rising. The crisis has jus hit the west coast of India till now. The sensex rose to about eight folds since 2003 to the begining of 2008, but now it is down by 40% from its peak. (ET).
GFC Impact on India
First effect has been seen on the sensex. The banking system is also influenced by the global finacial crisis.
" The Collapse of Lehman Brothers can lead to some tightness in credit in India, but the government will provide coordinated funding where needed. " - Finance Minister , P. Chdambaram.
The effect in India is yet not that pronounced as it has been in countries like U.K. , Belgium , Ieland, Spain, japan. This can be due to India's proximity to the U.S. market as well as its closed economy.
Before the GFC hit the Global Market , india was facing a problem of inflation , rising cost of living, increase in crude oil price.
This has been tackled by the RBI, It has reduced the Repo Rate from 9% to 7.5%. This cut has injected 1.25lac crore rupees in the indian market to ease liquidity.
The inflation has eased a bit.
Despite the GFC & its impact, India is seen as a growing and promising economy. Indian emerging markets has attracted more importance from all over the world.
"The Asia-Pacific region, particularly India, is one of the attaractive places for grwoth. There is a lot of wealth created in India."
-John Thain, Chairman & CEO, Merrill Lynch, May 2008
"We have been active in advisory, and in private equity (in India), where we have invested over a billion dollars over the past year… the thing that attracts us is not the size of an economy but the growth of an economy”
- Lloyd Craig Blankfein, Chairman & CEO, Goldman Sachs, November 2007
“Our management has told me that, in a very controlled, healthy and gradual way, they would like to significantly expand the Asian operations”
- David Martin Darst, MD, Morgan Stanley, September 20, 2008
It started with the sub prime crisis which tiggered out in the U.S.
sub Prime lending crisis was when banks started giving loans for buying propert to the people in U.S. without ensuring their secured return. This Carelessness resulted in defaults, the initial few defaults were overlooked which resulted in a increasing number of defaults. The increase in number of defaults meant that the money that was given as loans by banks has sunk. This created a Bad debt for the banks and the amount of bad debt was so big that it lead to huge losses to big banks.
This sub-prime Crisis was jus a trailer and the big picture was yet to be seen.
The sub prime crisis showed its effects after a year which can be seen in the crash down of the U.S. economy.
The losses to the U.S. banking system has gone up to $1.4 trilion ( source: IMF), the figure is still rising. The crisis has jus hit the west coast of India till now. The sensex rose to about eight folds since 2003 to the begining of 2008, but now it is down by 40% from its peak. (ET).
First effect has been seen on the sensex. The banking system is also influenced by the global finacial crisis.
" The Collapse of Lehman Brothers can lead to some tightness in credit in India, but the government will provide coordinated funding where needed. " - Finance Minister , P. Chdambaram.
The effect in India is yet not that pronounced as it has been in countries like U.K. , Belgium , Ieland, Spain, japan. This can be due to India's proximity to the U.S. market as well as its closed economy.
Before the GFC hit the Global Market , india was facing a problem of inflation , rising cost of living, increase in crude oil price.
This has been tackled by the RBI, It has reduced the Repo Rate from 9% to 7.5%. This cut has injected 1.25lac crore rupees in the indian market to ease liquidity.
The inflation has eased a bit.
Despite the GFC & its impact, India is seen as a growing and promising economy. Indian emerging markets has attracted more importance from all over the world.
"The Asia-Pacific region, particularly India, is one of the attaractive places for grwoth. There is a lot of wealth created in India."
-John Thain, Chairman & CEO, Merrill Lynch, May 2008
"We have been active in advisory, and in private equity (in India), where we have invested over a billion dollars over the past year… the thing that attracts us is not the size of an economy but the growth of an economy”
- Lloyd Craig Blankfein, Chairman & CEO, Goldman Sachs, November 2007
“Our management has told me that, in a very controlled, healthy and gradual way, they would like to significantly expand the Asian operations”
- David Martin Darst, MD, Morgan Stanley, September 20, 2008
Thursday, September 4, 2008
Librate Yourself From your owm fear
"Our deepest fear is not that we are inadequate.
Our deepest fear is that we are powerful beyond measure.
It is our light, not our darkness that most frightens us.
We ask ourselves, Who am I to be brilliant, gorgeous, talented, fabulous?
Actually, who are you not to be? You are a child of God. Your playing small does not serve the world.
There is nothing enlightened about shrinking so that other people won't feel insecure around you.
We are all meant to shine, as children do. We were born to make manifest the glory of God that is within us.
It is not just in some of us; it is in everyone. And as we let our own light shine, we unconsciously give other people permission to do the same. As we are liberated from our own fear, our presence automatically liberates others."
- Marianne Williamson
Our deepest fear is that we are powerful beyond measure.
It is our light, not our darkness that most frightens us.
We ask ourselves, Who am I to be brilliant, gorgeous, talented, fabulous?
Actually, who are you not to be? You are a child of God. Your playing small does not serve the world.
There is nothing enlightened about shrinking so that other people won't feel insecure around you.
We are all meant to shine, as children do. We were born to make manifest the glory of God that is within us.
It is not just in some of us; it is in everyone. And as we let our own light shine, we unconsciously give other people permission to do the same. As we are liberated from our own fear, our presence automatically liberates others."
- Marianne Williamson
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