Market welcomes Budget, Sensex soars 550 points

Cheering Budget proposals enhancing FII limits and slashing the surcharge on corporate tax, the Bombay Stock Exchange benchmark Sensex was trading over 550 points higher.

The Sensex kept rising after the Budget was tabled in parliament, gaining 550.23 points to 18,251.14 on fund buying triggered by budgetary proposals to hike FII limits and reduce surcharge on corporate tax, as well as the emphasis on containing inflation and spurring economic growth.

The broad-based national Stock Exchange' Nifty also saw an upswing and shot up by 126.70 points to 5,430.25 following widespread gains in stock prices.

The cut in surcharge on corporate tax and proposals to keep up the tempo of disinvestment process, besides raising income tax limit, cheered the trading sentiment," said chartered accountant Tarun Malik of TCM Associates.

How to bridge the generation gap in the workplace?

Most of the businesses today are facing a peculiar problem. This is not something which is derived from downsizing, change, foreign competition, cubical envy or greed. It is difficulty of generations in conflict. Modern businesses are having tough time in handling different generations of individuals who make up their workforce. Lack of attention to generational differences will make any company less efficient. Therefore, a good understanding of differences among generations to strengthen work relationships between employees is very crucial.
To some people, the requirement to manage generation in the workplace may look like an unnecessary task, but this generation problem commonly found in businesses is worthwhile to take note of. In an organization there may be different generations of workers like veterans, who are above the age of 60; "Baby Boomers", employees in the age group of 45 to 65; generation X, employees in the age group of 30 and 45; and generation Y, employees in their 20s or even younger. It's very obvious that these employees will have their own sets of mind, and because of that they will clash with each other due to the differences in values, ideas and work style.


So what it takes to bridge the generation gap? As research shows, in an organization, employees interact on the basis of their upbringing, values and ideas. Thus, different generations have their own way of thinking and working, according to their background. Therefore, to be effective in the process of bridging the gap, an organization must know its employees as individuals, their background, personality, preferences and style. Realizing this issue and knowing how to deal with the gap will bring employee efficiency to an organization.


An organization can follow certain steps to bridge the generation gap in the workplace. It can provide training to the employee on the communication and working style of the different generations. Practicing this can be very useful in avoiding misunderstandings as well as confrontations in the workplace. Conducting regular seminars and special events can serve this purpose well. If the employees begin to understand other employees belonging to other generations, it will be easy for them to work together in a better way.


While making policies, related to motivation or any other aspect of business, the needs of different generations should be kept in mind. For instance, those employees belonging to generation X can be motivated by a higher salary or bonus, while those employees belonging to veterans can be motivated by giving recognition and respect.

One of the most typical problems that face a modern business that is operating with a number of different generations in its workforce is related to technology. Generally, Younger generation communicate with e-mails, text messages or instant messaging. On the other hand, in most cases, the older generations want to speak face-to-face, or at least over the telephone. In this case, a balance has to be maintained.


Apart from this, there can be problems with communication between different generations of worker, physical limitations of the older personnel in an organisation and so on. Hence, the need to fulfil a range of diverse wants and aspirations to keep an entire workforce satisfied.

Today, organizations require a varied range of skills, and this requirement cannot be fulfilled by just one of the generations discussed above. The organizations have to understand that the route to success depends a lot on discovering a balance between different generations. The human resource managers in organizations have to make sure the utilization of advantages, mitigation of weaknesses and at the same time encouraging as well.

Ways to quit your job without offending your boss

Do you want to quit your job? Are you afraid that your resignation will be declined? Are you afraid that you will lose your friends at job and some of the people you really had thought as your mentor?

Resigning from your job sometime seems easy for some people but at the same time resigning without offending boss is not as easy as you think. Though we don't like our job and want to quit, it is very difficult to resign tactfully without offending the boss. Your present boss who has given some responsibilities will feel disappointed or rather offended with the decision of quitting the company . When an employee quits, there are many problems or rather losses that the company incurs. For example financial loss, training a new guy will incur time loss and instability (for whatever time frame that new guy will need to actually fill that space). This eventually, and to be more apt, brings frustration within the boss. Whatever the causes are, we should make it clear that when we are leaving we should leave on good terms because we never know when we will need that employer in future or his reference.

"I want to quit the job because my wife does not like the weather of this city" said an employee to his employer. So what will be the reaction of your boss when somebody tells the same thing and leaves the job? The boss will feel angry or rather disgusted. Whenever we quit job, it is very important to give a logical and sensible reason to our boss. The boss should feel that your reason for quitting the job is sensible enough and in that way you might get a "Best of luck" from your boss also!

While serving your resignation period or your notice period, you can actually train your juniors whom you think can take over the job responsibility after you. This will not only bring confidence in your juniors but also your boss will have choices before he decides the person who can replace you.

It sounds very difficult to find your own replacement, but believe me; it will be very helpful for your boss to relieve you if he finds a person before thinking who's next! It will also show that you are responsible and committed to the company and to your boss. After all, whatever the reasons are, he was the person who had hired you!

Serve your notice period! This may sound very lengthy however this is a term that now most of the companies have made compulsory. Buying your notice period is something you can discuss however put across the same to your boss politely as this may sound rude.

It is very important that you finish your job or task before you finally say adieu to your employer as the next person who will replace might find himself/herself in a soup when he joins the post. This will not only affect the future transactions but also will decide your relationship status with your previous company or boss.


Amar Paul, a senior analyst of OPI, believes that he would think some points before he quit the job, managing relationship is one of the most important qualities of any professional, and moreover many of the companies give more weightage to the recommendations from the ex boss, so it's very important to maintain a good relationship with boss after you quit the job.



So are you ready to quit your job while your boss is smiling?

Gandhi family has black money in Swiss banks: Jethmalani

NEW DELHI: Veteran lawyer and Bhartiya Janata Party (BJP) MP Ram Jethmalani said that he believed that the Gandhi family has black money stashed in Swiss bank accounts

"I believe that the Gandhi family has money stashed in Swiss banks," Jethmalani told reporters outside parliament.

Swiss magazines have written, even Kent books have written. Rahul Gandhi has been getting money from Swiss Bank. A whole advertisement appeared in the New York Times where this allegation was repeated," he said.

A task force appointed by the BJP on the black money issue recently alleged that Sonia Gandhi and her husband, former prime minister Rajiv Gandhi, were among the Indians who held Swiss bank accounts abroad.


Senior party leader L.K. Advani later wrote to Sonia Gandhi and regretted the mention of their names in the booklet

Jethmalani, however, said the letter was in no way an apology.


"He (Advani) did not apologise, only said that for so many years you (Sonia Gandhi) did not give a denial and now you have given one," he said.

Unreal Love Never Dies

When your feelings are not reciprocated, you turn to hate, isn’t it, asks Osho

They all say that love is eternal, love is permanent; that real love never dies. Absolutely wrong. The real love dies sooner than the unreal love. Unreal love can live long; it is unreal, how can it die? It is a plastic flower. If you are pretending, you can go on pretending as long as you want.

Love And Hate

But if something happens to you, and then one day it disappears, evaporates — what can you do? You may have tears in your eyes but what can you do? It is no longer there. Nothing can be done about it. You had not brought it into being; you cannot keep hold of it forever. You cannot prevent it. It is something beyond you... just passes you like a wind, perhaps not even aware of you. You just came in the way, and the wind passed by, touching you, playing with your hair, playing with your body — and went on.

The idiot goes on turning his love into hate because again and again it fails, and again and again he hopes that it is going to be permanent. Your whole love energy becomes hate. This is the experience of the people who have followed love according to the poets.

Looking For Permanency


The true love is very momentary — but what a moment!...such that one can lose the whole of eternity for it, can risk the whole of eternity for it. Who wants that moment to be permanent? And why should permanency be valued so much?...because life is change, flow; only death is permanent. Only in death the watch stops and remains where it has stopped. Then it does not move. But in life it goes on moving, and moving into new paths every day.

Many Ways To Love

And why be confined to one love? Why force yourself to be confined to one love? — because nature does not intend it so. Nature intends you to know love in as many ways as possible…. Each love is unique. There is no competition. There is no quarrel. And the more you love, the more enriched your being is....


So I am for all the trouble, the anguish, the anxiety, the despair. Only one thing I want to add: be intelligent. These troubles are not because love has gone, these are because you are idiotic. So if you have to leave something, leave your idiocy. But people leave loving, and cling to their idiotic mind.

Be intelligent, and then love will give you all the colours of the rainbow, and you will be fulfilled by many people, in many ways…. One person may touch one part of your heart, but other parts will remain without growth. If you cling, then one part becomes a monster and all other parts shrink.

Rich Experience


If I’m allowed to give my advice to the world, my advice will be: Help people to experience as much love as possible. Let them go into the turmoil, into the cyclone, and let them find, in the cyclone, their rootedness.

Don’t try to hide them in the house, don’t close the windows and the doors. Of course they will be more comfortable in the house, but dead. Then the best comfort is in the grave — no worry, no problem, nobody can harm you any more; even death is impotent now.
What more security, what more comfort, what more luxury can you expect? A marble grave and your name written in golden letters on it. But you are dead.
No, this is not the way to live and to experience life and to experience what I call godliness.

I bet you fifty dollars ...

A man walks into a bar and says to the bartender, "I bet you fifty dollars that I can bite my right eye." The bartender says, "Yeah, right! I've never seen anyone do that!" So the man takes out his glass eye and bites it.



The angry bartender pays the man his fifty dollars and the man walks away. He comes back half an hour later and says, "I bet you fifty dollars I can bite my left eye." Now the bartender becomes really skeptical. She says, "I just saw you walk in here -- you can't be blind!" So he takes out his fake teeth and bites his left eye. The bartender pays him his money and he walks away.

India last in list of 12 nations important to U.S.

Washington: Seven out of 10 Americans say what happens in China is vitally important to the US, while for India is it just three out of 10, the latest Gallup opinion poll has said
As a result, China is placed on the top of the list of 12 countries, and India at the bottom, while Afghanistan 6th, Pakistan 8th and Egypt 9th.
Russia, the other super power of the Cold War years, is a ranked a spot ahead of India.

Gallup asked Americans to rate the importance of countries in this way in February 2007.

Americans' views of Iraq's importance have shown the greatest change over the last four years, dropping to 52 percent "vitally important" today from 70 percent in 2007, when Iraq topped the list.

At that time, President George W Bush had just announced his "surge" strategy in Iraq in response to deteriorating conditions there, and his party had suffered significant losses in the 2006 midterm elections, partly as a result of the debate over Iraq.

Now, with American combat troops withdrawn from that country and attention shifted to Afghanistan and other hot spots around the world, Iraq has slipped to 5th place, Gallup said.

In 2007, India was again ranked last in the list of 12 countries, but at that time only 28 percent of the Americans considered India as a vitally important country, as against 31 percent now.
"Americans' views that events in China are vitally important to the U.S. have increased by 12 percentage points since 2007, putting China where Iraq was four years ago," it said, adding the importance of China in the average American's eyes likely reflects continuing awareness of the economic influence of China on the U.S. and world economies.

Govt to bring top guns to form scam-killer board

Government is thinking over to bring industry top guns like prominent bankers and former regulators on board in order to amend the entire financial sector norms and also to suggest ways to fortify its supervision system for checking frauds and irregularities.


The panel will be responsible for reviewing and updating the entire financial sector regulations. According to sources, people from the legal fraternity will also be included in the group and it might be chaired by a former Supreme Court judge

The panel, named as "Financial Sector Legislative Reforms Commission" (FSLRC), was announced by Finance Minister Pranab Mukherjee in his last budget speech

The final Terms of Reference (TORs) and constitution of the panel will be made after consulting with stakeholders and financial sector regulators RBI and SEBI.


Looking at the growing number of scams, the need to rewrite financial sector regulations have become more relevant, said sources. RBI Act, framed in 1934, Insurance Act of 1938, Public Debt Act of 1944 and Securities Contract Regulation Act of 1956 are some of the old financial rules that are need to be rephrased.