Financial crisis rocked the financial markets across the world and the world is still not able to recover from that. In India we saw very little impact of the same.
However, did we learn from the mistakes of the USA and Europe?
It seems we have not yet taken any learning from the crisis.
I say this because; still in India it is very easy to obtain credit with very little documentation. Loans like home loans are still lent out with loads of paperwork.
But, credit card debts and personal loans etc. are lent out on the basis of salary only.
The banks do not even check the total amount of loans on a single person. That makes it very easy for a person to be under a huge debt.
Salary is not a good guarantee in India, especially with lack of labor rules people are fired indiscriminately during recession; with no notice pay on the basis of lack of performance. In such a scenario and lack of any social security benefits, how can one pay back the massive amounts of debt?
Home loans in a way are secured because the house is an asset that can be sold. But this theory failed in US and European markets where the house values dipped during the crisis.
Clock is ticking and if not the banks, we as individuals should take good care when taking loans. It is an individual's responsibility. A commitment to sustainable development.
Showing posts with label Inspirational. Show all posts
Showing posts with label Inspirational. Show all posts
Monday, January 03, 2011
Tuesday, July 01, 2008
Random Quote
A diamond is only a piece of charcoal that was lucky to be under pressure!
Well said, positive stress brings out the best in a person. If the stress is too much or negative stress then it can be lethal.
Well said, positive stress brings out the best in a person. If the stress is too much or negative stress then it can be lethal.
Wednesday, October 17, 2007
I Love This Post
This is simply amazing. This makes me feel so nostalgic.
Click here to read.
I went to UK in January of 2004 for doing MS that was then, things were easy and tough.
I found MSN maps and went through them multiple times to make myself familiar to the area.
UK and I will forever share a relationship of love and hate.
That time I was driven by my ambitions and lived for other insignificant things.
Now, I am driven by the people in my life and the love they have for me.
Click here to read.
I went to UK in January of 2004 for doing MS that was then, things were easy and tough.
I found MSN maps and went through them multiple times to make myself familiar to the area.
UK and I will forever share a relationship of love and hate.
That time I was driven by my ambitions and lived for other insignificant things.
Now, I am driven by the people in my life and the love they have for me.
Friday, September 28, 2007
Working for small company Vs big company (IT)
As a fresher there is always a conflict about joining a big brand or a start up/medium scale company. Everyone have their own biased views on the same, depending upon their past experiences.
Common arguments for smaller companies are:
1. One gets to learn more as there are less procedures and everyone should know how to work on everything as per the need.
2. The work is more challenging.
3. Visibility to the top management.
Arguments for joining a big brand:
1. Big bucks sooner or later.
2. Easy life as one is on the bench all the time.
3. Learns more on how not to work by putting in more procedures.
4. One gets to learn how to get work done in proper manner.
5. One develops skills in one area, hence becoming master in one technology rather than being jack of all trades.
Well, the pros and cons are numerous for both the cases.
In my personal opinion it is very difficult to join big brands once you have worked for smaller brands. Especially if one started working from a small company.
A fresher in the beginning needs support from the ecosystem of a big brand company. One needs to be groomed, polished and trained for the corporate world. In the beginning one may feel stifled working for a big company as he/she may end up on the bench for 6months to 1 year. Benefit of being on bench is that one gets proper time to adjust to the big bad world before being entering the rat race.
Small companies have their own advantages as they make you rough and tough to the core. But they lack exposure to procedures and feels stifled in more professional work environments. Also, there is a difference in doing things right with 100% success ratio Vs ad hoc fix for the same work every time.
Choosing which kind of company to work for is a big decision as it is difficult to shift between the two ends of the spectrum. Especially if one develops their comfort zone.
Before choosing which offer to accept its advisable to sit down and write on a piece of paper, what Big company has to offer and what a small company has to offer. Then write down his/her expectations from their ideal workplace. This should then be tallied with the lists of what big and small companies have to offer.
Also, one should network as much as possible and find out about respective working environments.
I hope this would be of help to many people struggling with their first job offers!
Common arguments for smaller companies are:
1. One gets to learn more as there are less procedures and everyone should know how to work on everything as per the need.
2. The work is more challenging.
3. Visibility to the top management.
Arguments for joining a big brand:
1. Big bucks sooner or later.
2. Easy life as one is on the bench all the time.
3. Learns more on how not to work by putting in more procedures.
4. One gets to learn how to get work done in proper manner.
5. One develops skills in one area, hence becoming master in one technology rather than being jack of all trades.
Well, the pros and cons are numerous for both the cases.
In my personal opinion it is very difficult to join big brands once you have worked for smaller brands. Especially if one started working from a small company.
A fresher in the beginning needs support from the ecosystem of a big brand company. One needs to be groomed, polished and trained for the corporate world. In the beginning one may feel stifled working for a big company as he/she may end up on the bench for 6months to 1 year. Benefit of being on bench is that one gets proper time to adjust to the big bad world before being entering the rat race.
Small companies have their own advantages as they make you rough and tough to the core. But they lack exposure to procedures and feels stifled in more professional work environments. Also, there is a difference in doing things right with 100% success ratio Vs ad hoc fix for the same work every time.
Choosing which kind of company to work for is a big decision as it is difficult to shift between the two ends of the spectrum. Especially if one develops their comfort zone.
Before choosing which offer to accept its advisable to sit down and write on a piece of paper, what Big company has to offer and what a small company has to offer. Then write down his/her expectations from their ideal workplace. This should then be tallied with the lists of what big and small companies have to offer.
Also, one should network as much as possible and find out about respective working environments.
I hope this would be of help to many people struggling with their first job offers!
Thursday, April 05, 2007
Interesting
This is something my friend sent to me this morning.
When u really want something,
Sometimes u have to swim a little ....Deeper....
You can't give up just because things don't come easy....
You have to overcome the obstacles and face your fears....
But in the end, it's all worth while!!!!
Life is full of ups and downs,
But if u believe in urself...
U will always come through with flying colors.....
Value Friendship, Love and Faith...
Never underestimate urself.
When u really want something,
Sometimes u have to swim a little ....Deeper....
You can't give up just because things don't come easy....
You have to overcome the obstacles and face your fears....
But in the end, it's all worth while!!!!
Life is full of ups and downs,
But if u believe in urself...
U will always come through with flying colors.....
Value Friendship, Love and Faith...
Never underestimate urself.
Wednesday, December 27, 2006
New Year - I am excited
New Years Eve!!! Hmmm...
Coming year has so many things already set to happen. Some by chance, some planned and some spontaneously planned. Hopefully plans will excute as planned.
Last to last, new years was a bad year with Tsunami and me and my friends donated their new year celebration money. Let us hope nothing similar happens this year. And last year I was too busy to think about anything regarding life, celebration or anything. While, this new years resolution is to spend some time living and not working; and travelling across the globe. Hopefully I will be able to travel as much as I am planning to.
Wishing a very happy and prosperous new year to all, who visit my blog. I won't be posting anything till 2nd Jan, 2007 as I will be travelling.
Kitne Ajeeb Rishtey Hein Yahan Par
Looking back at last two years, it makes me think; how weird are relations between human beings. How one connects with another unknown person in a minute and how the very next minute they are bitter enemies.
Does setbacks like these, makes one surround himself/herself in a shell. Technically speaking should one become Introvert?
It is so strange that once you are best of best friends and then over years something happens and then you have nothing to with that person. What makes this happen?
- Too much informality?
- Lack of communication?
- Taking another person for granted?
- Greed?
Well, there can be multiple reasons. But, human mind is most difficult to understand. Well I think title of this post will always remain a mystery.
Tuesday, December 26, 2006
Thursday, November 09, 2006
Search for Perfection - The perfect job!
Our entire effort, from the day we enter the education system, is targeted towards getting that dream job. Though the dreams keep changing as we mature, the underlying principle remains the same – a job which we enjoy doing.
When we start our first job the illusions of a ‘perfect job’ usually vanish within the first few months and we are forced to admit that there is no such thing as a ‘dream job’. For the fortunate few who are able to get that elusive ‘dream job’, stick with your current job and stop reading this article!
Normally all jobs have a positive as well as a negative aspect and if we are forced to define the concept of a ‘dream job’ it would be a job, with as few negatives to it as possible, which we enjoy doing. Read More ...
When we start our first job the illusions of a ‘perfect job’ usually vanish within the first few months and we are forced to admit that there is no such thing as a ‘dream job’. For the fortunate few who are able to get that elusive ‘dream job’, stick with your current job and stop reading this article!
Normally all jobs have a positive as well as a negative aspect and if we are forced to define the concept of a ‘dream job’ it would be a job, with as few negatives to it as possible, which we enjoy doing. Read More ...
Tuesday, October 17, 2006
Jaago India Jaago - Wake Up!!!
Ques: How ridiculously inefficient our government is?
Answer: Farmers in UP who are dying of hunger, receive payments of ridiculous amounts such as 3Rs, 10Rs.
Even if officials had to do a scam and gobble up money sanctioned for the purpose, they should have thought about what are they doing, giving 3Rs, 10Rs, what were they thinking?
What we should do?
Stop giving salary to all bureaucracy in UP, Mulayam Singh and his cabinet. Then make them survive on 3Rs per year. Let us see how well they do?
I was recently reading an article on how citizens in west have so much faith in their governments. In India with such incidents happening everyday, how can we have similar faith in state bodies?
No wonder why, many corporate(s) get roads built on their own. People of a colony employ own security guards and get street lights installed at their own expense.
I write this many times and I write it again, for god sake, next time you go voting only vote for a person who is educated and has performed in the past. Use your brains India!!!
Only once in every 5 years use it for your own use. Do not give it for rent to get outsourced work.
Sheesh!!!
Answer: Farmers in UP who are dying of hunger, receive payments of ridiculous amounts such as 3Rs, 10Rs.
Even if officials had to do a scam and gobble up money sanctioned for the purpose, they should have thought about what are they doing, giving 3Rs, 10Rs, what were they thinking?
What we should do?
Stop giving salary to all bureaucracy in UP, Mulayam Singh and his cabinet. Then make them survive on 3Rs per year. Let us see how well they do?
I was recently reading an article on how citizens in west have so much faith in their governments. In India with such incidents happening everyday, how can we have similar faith in state bodies?
No wonder why, many corporate(s) get roads built on their own. People of a colony employ own security guards and get street lights installed at their own expense.
I write this many times and I write it again, for god sake, next time you go voting only vote for a person who is educated and has performed in the past. Use your brains India!!!
Only once in every 5 years use it for your own use. Do not give it for rent to get outsourced work.
Sheesh!!!
Wednesday, October 04, 2006
Life
When bad things happen in life, one feels bad. One is left with bitter feelings for the one who caused it. But, now I have started to like all those people who did bad to me. When something goes wrong or bad it leaves you more wiser and you get to learn a lot from it. Which, helps you improve your future.
But this is subjective - some people get bogged down from the bad things happening in life and some people try to gain as much as possible from it.
It is the way you look at things that changes everything. Who said medicine tastes good (except for homeopatheic medicines ;-) ).
When the going is tough, one might feel that he/she is a loser etc. It is easy to give it all up and just sit idle in those moments. But that is the time when you can sit down and prepare yourself for the battles to be WON ahead. Destiny is what you make of yourself, it is not what you let others make out of you. Maybe sometimes things are not in your control - but basically you should always have loads of patience, tolerance and above all you should always be pro active. Yes this all sounds easy, but very difficult to act upon.
This is life!!! - In my short simple way
But this is subjective - some people get bogged down from the bad things happening in life and some people try to gain as much as possible from it.
It is the way you look at things that changes everything. Who said medicine tastes good (except for homeopatheic medicines ;-) ).
When the going is tough, one might feel that he/she is a loser etc. It is easy to give it all up and just sit idle in those moments. But that is the time when you can sit down and prepare yourself for the battles to be WON ahead. Destiny is what you make of yourself, it is not what you let others make out of you. Maybe sometimes things are not in your control - but basically you should always have loads of patience, tolerance and above all you should always be pro active. Yes this all sounds easy, but very difficult to act upon.
This is life!!! - In my short simple way
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