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Showing posts from April, 2010

Improvement Project of Science Construction CS

Abstract Science Construction’s business is in planning, developing and building road projects. The major of its clients are municipalities, city governments, and other public sector entities. While the bankruptcy rates for these clients is very low, when economic downturns happen, their ability to pay in a timely fashion also suffers. This leads to businesses such as Science Construction needing to take on additional debt and to find creative methods in order to stay afloat during times of recession. Methods such as selling accounts receivables at discounted rates and taking larger lines of credit through banks and other lending institutions are some of the ways organizations can remain viable when their cash inflows have turned into a trickle. Science Construction is asking the Turkish Courts to postpone their bankruptcy proceedings for a year while they attempt to restructure. Through this, suggestions such as forcing shareholders to pay their debt to the organization, gaining credi...
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No more correction on Cheques

My readers in India better note that from 1st of July this year no more correction is permissible while writing Cheques. Only exception you can correct the date and as usual authenticate with your specimen signature that you use while writing the cheque. So far any correction on the face of cheques needed your signatures, be it the amount written in words or figure or the payee's name etc. The banking law has been corrected to nullify the age old practice except the correction in date. So, those of you are in habit of overwriting or making corrections better be careful and avoid embarrassment for you and others. From the 1st April 2010, your savings bank account with any Bank in India will accrue interest on daily balance basis. The old practice was interest used to be calculated on minimum balance in your account between 10th and last day of any month. This way of course you will be benefited.
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Wage Settlement in Indian Banking Industry

After much dilly dallying the wage negotiation in Banking Industry is likely to be completed shortly; as reported by the Trade Unions engaged in negotiation. What seems with elections in different states closing in, their political bosses have shown them green signal! Reason? you must know what follows in every industry after wage negotiation in the Nationalized sectors in our country, a good percentage of the arrears (the accumulated amount of the balance of the difference between enhanced wage and existing wage, since the effective date of settlement)is taken away from every employee (of course who are members of these unions) as levy. This makes a handsome fund in the hand of these Trade Unions; a chunk from that is doled out to their respective political parties. So it makes sense to hasten the wage settlement. Imagine; that it is almost two and half years now the settlement is on; in between Bank employees have gone on strikes number of times; leaving the customers to suffer. N...
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Words that may change your life!

We all have ways of testing opportunities that enter our lives. Some of us just dive right in based on feeling, others walk straight into what they know is right by a gut feeling or intuition. And if it's not gut feelings or emotions that are the tests of opportunities, it is the logical mind persuading us to ignore those feelings and emotions and test it with our reality of reason. Most of us do not have a predetermined strategy for testing opportunities, or even more generally to test the actions we take and the choices we make in our lives. There is an easier way to determine if our choices we make and the opportunities we receive 'pass the test'. This simple 32 word statement of business ethics was first created in the 1930s and used to turn around a failing company. These four questions were applied by each employee to each and to every minute detail of the company's workings. This little list of four questions from Rotary International, a humanitarian busines...
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