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Showing posts from July, 2014

How PayPal swindled my entire wallet?

Almost 90% of the internet users are well aware about the PayPal and 100% of the International Business men are highly aware about the PayPal. But only a very few are aware about the action rendered by PayPal during the settlement. These many days, my office team use to manage the Finance and operations, for an event I was mapped for the PayPal. And, as usual am highly lazy enough to manage it in real-time. I happened to see the reports couple of days ago. This particular event was billing in GBP and all the settlements to India happens through INR as per the Reserve Bank of India policy. So, PayPal charges 4.4% of the transaction value along with 0.30$ for every transaction performed using their gateway.  This is the open statement of PayPal, but there is a hidden structure in it which is very dangerous. The conversion rate is highly threatening us. On an average day 1 GBP = 1.7549 USD and then 1 USD = 59.45; 1 GBP = 104.32 INR. When we perform a RM calculation the value of 1 GBP = 1.

Status of a MBA in India

It is highly painful when someone educated stand in the road-side and keep begging. Very similar to that today morning I saw a case and am highly worried how the University encourages these types of activities. After a long time, I was little bit free today sitting in the 3rd Floor leisurely. My dogs were barking strongly, so I happened to check the visitor. Three guys were standing downstairs in a professional manner with a tie, tucked-in shirts and well polished shoes. So, I decided to check it out. Inbetween, my mom from the 2nd floor asked them to leave the place and in the meantime I arrived at 2nd Floor and said that I will be handling them. Yes, atright they quoted that they were from Pondicherry University, who completed MBA in 2011 and left behind with no job. He was absolutely selling the DK Multimedia Publication Books for INR 3000 (50$). I can get those books online at INR 500 or (8$). The responses which I got from him after the conclusion point was little bit tough and he

Employee Relationship

From the day 1 of my establishment, I have never treated an employee as an employee. This is one of the most weak segment where I have lost. I trust highly that a good employee relationship is more important for an effective administration. Understanding them and providing them a space is empirically important because "THEY ARE ALSO HUMAN BEING". If a person is a married, we should not ask him to sit along with us late evening if there are huge quantum of work is pending. If a person is a smoker, we should free him for every 50 minutes so that he has his own space to smoke and relax. If a person is a drinker, we should relive him by the regular drinking hours and he shouldn't be disturbed for the next 12 hours. If a person is a drug addict, we should provide him the space so that he can take it. The managers, should firmly be confident that the employee is not your spouse to have a supreme control over their activities. They have their own expectation and require

How Air-India escaped from a major accident?

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On Sunday evening 13th July 2014, the Air India's flight AI-144, a B-777, was ready for a routine flight from Newark to Mumbai with 300 passengers and 15 crew. The weather in New Jersey was heavy passing showers here and there. It was a routine departure at about 5 pm (local time) for a long 15-16 hrs flight to Bombay nee Mumbai. The aircraft naturally was at its maximum take off weight, as it was fully loaded with the fuel required for this long transcontinental flight. The take off run was a normal routine one. Immediately on lift off the worst nightmare of a pilot, the loss of an engine at maximum take off weight, happened. The left engine caught fire, and at the same time the cockpit engine fire warnings did not function. The passengers and crew sitting on the left side were horrified to see flames from the left engine. Other airplanes and Air Traffic Control warned the Pilot of the engine being on fire. The Pilots till that time unaware of the engine fire, checked up and carri

Lonely Business Man @ Bangkok

I had an appointment with a Business Tycoon at Bangkok this day morning. He had invited me to the tennis court as he would be occupied in playing tennis in the morning hours. So, I scheduled my calendar accordingly and went to meet him. To my surprise, I realized that he was playing alone in the court and on the opposite side there were almost 200+ tennis balls. Aside there was a basket which was containing the around some 50 more balls. He took the balls and shot them aside and again went back to the basket, took a ball and shot it again. On seeing me and my Private Secretary, he dropped that and welcomed me. I was discussing with him for almost 25 minutes about the business co-operations. I opened up with a question, "Why do you play alone even then you have almost 4500+ employees?", his response made me a big shock. He quoted "I may have million of employees, but I don't have a co-operating employee, who can move to my wavelength and stretch!" And then I ques

What Indian Colleges failed to teach Students? P2

With the continuation to my post on July 1, 2014; The second things which the students fail to extract from their college atmosphere is "Understanding Girls", yes this segment is very weak and feeble in India. Indian male students think they are of higher supremacy than the Girls. They always think that the girls are supposed to be within the home and never out. Indian colleges fail to teach "How to handle a Girl?" So, if this concept is well thought by the school or college as a part of their curriculum, then the nuisances happening and procrastinating the media can stop to a level. There is a survey which says 72% of the data viewed in 2011 in India was PORN data. Don't we feel bad about this? We should never feel bad about watching this, but instead we should feel bad for the percentage of it. Internet is a platform to share and exchange data which will result as a good and effective communication. Do you know as per the analytic report of Google the 4th freq

What Indian Colleges failed to teach Students? P1

This topic is the need for the hour. I happened to visit many institutes within India and out of India. The only difference is that the Indian institutes pressurize only on the Theory and never touches the Practical or Life Sciences. The have a focus on the academic segment alone and never go for the life science, which is most important for leading a successful life. Even the schools impose few minutes in Value Education / Moral Sciences and leave them ignored. If I know the rocket science and I don't know how to wear a tie, that is an embarrassing moment. Not only this, but even there are many such instances when we may lose important information which needs for shaping our life in many occurrences. Even the institutes in India fail to teach how to wear an underwear (brief) and cover the private areas. Yes, even the beggar in India is aware about this, but the fashion (stupidity) which is never cared by parents and faculties make them to wear such. I used to have the chat in a re