Brian Clark continue his good work on CopyBlogger, with a neat and concise collection of Authority Rules.  He talks about the power of authority, how should strive for it and finally achieve it.
A must read for every blogger (and even non-bloggers).

Posted via email from Thoughts Unlimited

If you are part of the Corporate World and depend on it for your “bread and butter”, then this is a must read post.  Provided you aren’t living under the caves, “credit crunch” must have found a place in your day-to-day vocabulary.  There is RECESSION!  Companies are trying all means to cut costs, trim down work force, make profits and survive!  
With so much of uncertainty, it is high time that you revisit your expenses (a.k.a. spending habits) and find ways of saving more money.  I am sharing a few “non-biting-non-difficult-to-the-point” tips to help you save more money… without an increase in your wages!! 
  • Get rid of Credit Card Debt…. and then the Credit Cards.  You would then feel the joy of not having to pay your Credit Card bills every month!!
  • Revisit your Mobile, Fixed Line and Broadband plans.  If you are in the so-called “Unlimited” plan, find out if you can move into a “limited” plan based on your usage, with a decrease in monthly rentals
  • Start Eating at Home more often.  If you are married then reduce the frequency of visits to your favorite eatery.  If you are unmarried, then learn COOKING!  This tip also helps your health concerns
  • Look for vehicle pooling options to go to work.  If you are driving a 4 wheeler all alone, for say 5 kilometers, it is mandatory that you stop doing it.  Look for some colleagues who can join you (or you can join them).  In either case, share the fuel expenses, which means more money in your pocket!!
  • Revisit your Insurance plans.  Insurance plans are wonderful, but you lose more than you gain if you survive the premium period.  (I think this is true in majority cases…).  If you are paying a hefty premium, try to reduce the Sum Assured (and hence the annual premium) to match your family needs
  • Stop buying Books every month and join a Quality Library.  If you are like me, grabbing at least 2 books every time you cross the Bookstore, then learn to resist your temptation.  A better alternative is to join a quality library in your neighborhood and you would be surprised to find the book expenses reduce by more than half (all without sacrificing your reading habits)
  • Pay your bills on time.  This is applicable to all your bills and makes sure that you never have to pay the penalties.  I use Google Calendar to send me reminders via SMS, to pay my bills.  You can use this, if useful
  • Transfer a fixed sum to your Savings account, right on Day 1 of the month.  Make sure you never touch it for the rest of the month, unless required.  The results will speak for themselves!!
  • Keep your vehicles in good condition.  If required, get it serviced at a quality workshop.  It is an investment, to keep your fuel bills under control!
  • Switch off electrical appliances at home, when not used.  Make sure all unused appliances are switched off (including the power outlet), especially in the nights.  This can definitely save a few rupees in your electricity bill
I can keep adding but “10” is always a magical number.  I will stop here, as this is already a good start for better saving habits.  Feel free to add more useful tips, as comments to this post.

I need not tell you a lot about BITS Pilani. The reputation speaks for itself. Being an alumni, I always long to do my best towards the future of the institution.

During these tough times, BITS has come up with a program called “Career Days”, in which they get the candidates to places where the companies are (Bangalore, Hyderabad etc.) and allow them to participate in recruitment activities. The major advantage for the companies is that, they save on the travel costs and have a huge reserve of talent to recruit from.

Following is an extract from the e-mail I received:

…BITSAA International has taken ‘100% Placement Initiative’ as one of the major goals for 2009.

We wish you could be a part of our endeavor to help with the placements by :
· Recruit at BITS Pilani

· Share contact details of your HR (with your recommendation). Our team will connect the HR contacts with Placement Division.
· Send emails to your HR even if you don’t know the HR personally or don’t influence placements. (We have drafted sample emails that you could use).

· If your company has frozen on recruitments, please see if you can arrange long term internships for our BITSians with a living stipend ( Something in the lines of a PS).
· Let us know of any openings for these recent graduates.

· Share with us any other ideas to tackle the present state of campus placement

As part of this initiative, we are planning to launch “career days”. This is planned as a career fest held in the four major cities in India ( Bangalore , Hyderabad, Bombay and Delhi). As companies have decided to cut down on travel, we are planning to get the candidates to them. It would be great if you could get your companies to participate in this event.

The first one is planned for Hyderabad around the 2nd week of April, followed by Bangalore….

So, if you or your company are looking to hire fresh and extraordinary talent, then get in touch with the concerned for participating in this initiative.  You should be able to find the contact details here – http://www.bitsaa.org/?plac_comp_contact

Thanks for reading and also for the support!!

High quality video of the Complete speech

Full text of Obama’s speech

Congrats, Obama and America !!

Govt not to bail out Satyam, reiterates Kamal Nath.

This seems more logical as investigations reveal possibility of the money being siphoned off, rather than understatement. This makes it a really serious crime! Also, there are signs of an overstated employee strength, to forge non-existing salary accounts.

A bailout might prove a bad precedent. Mismanagement – bailout, Fraud – bailout, Crime – bailout…the list may not end.

But the Government must ensure the future of entry and mid-level Satyam employees, who may suffer for no fault of theirs. A bailout package to keep them afloat for sometime, is a reasonable option. Also, Government should interfere when corporates like Infy refuse to induct employees from Satyam. This is ridiculous!

Bailout employees, not the company!

Are you looking to lend some of your disposable income to needy entrepreneurs? Now all that you need, is to have a Paypal account! Read on…

As Wikipedia puts:

Microfinance refers to the provision of financial services to poor or low-income clients, including consumers and the self-employed

In other words, Microfinance refers to lending small amounts of money to the needy entrepreneurs, which they otherwise may not get from Banks either due to the smaller amount or the lack of repayment record.

Kiva provides a unique channel to directly lend the needy entrepreneurs. Each needy entrepreneur has a profile for the lenders to know, what they will do with the money. You can lend as low as $5 and there are professional and dedicated Kiva fellows to make sure that the money is appropriately disbursed.  They also take of training the entrepreneurs, if needed, to make the best use of the money.

This is how the entire cycle works:

  • A needy entrepreneur creates a profile with the project details and request for loans
  • A lender goes through the profile and decide to lend part or full amount
  • The lender pays via Paypal and Kiva takes care of disbursing the loan
  • The entrepreneur uses the money to build their business and repays during course of time
  • The lender gets back the money.  He/she can choose to lend it back or withdraw

To know more, check out How Kiva Works.

Kiva is highly unique due to the following reasons:

  • Direct channel and provides high transperancy for the lenders
  • Simple to use, as all that you need is a Paypal account to start lending
  • One can easily track the progress of an Entrepreneur and how the money is used

If this whole idea interests you, head right away to Kiva and register. Make sure you have a Paypal account, to start lending immediately.

Infosys FY’09 Q3 Results

Infosys (INFY) released the Q3 FY’09 financial results, today.

Following are the highlights:

Income from software services, products and business process management – Rs. 5786 Crores ( 35.47% rise against Rs. 4271 Crores, same period FY’08 )

Net Profit – Rs. 1641 Crores ( 33% rise against Rs. 1231 Crores, same quarter FY’08 )

Number of New Clients – 30

Employees Added – 5997 ( total 1,03,078 as on December 31, 2008 )

CFO Balakrishnan attributes the robust growth primarily to depreciating rupee.  In his own words,

Our operating margins during the quarter increased primarily due to depreciation of rupee which was to some extent offset by the depreciation of other major currencies against the US dollar

Via Times Of India