At present, the entire world is fighting a war, in a way. A war against the COVID-19 pandemic, which requires us to have all the qualities of a good warrior, if we have to survive and defeat this opponent. There may be several means and methods to become a formidable contender, but there are a select few disciplines that guide you systematically to not just self-discipline, overall physical and mental strength but also towards a holistic sustainable self-improvement, spiritual, ethical and moral upliftment
A few days ago, a photo of Shri. Ratan Tata with a young boy was published in several newspapers. The boy was Arjun Deshpande, an 18-year-old from Thane. From the age of sixteen, he started his own company called Generic Aadhaar.
“When are we going back to the office?” – This is the standard question that everyone around me keeps asking; whether it is my colleagues, team mates, clients or associates and each time I wonder why is this question so important to everyone? Unless I am in manufacturing industry, where production won’t happen if I am “not going to the floor”. Unless I am in the front-line of battling a Pandemic – hospital or a heath care centre or police stat
Apologies for the delay readers, but COVID has not been very kind to my industry. First of all, we are training and development consultants and I don’t have to tell how training budgets go on hold or cancelled in a jiffy. It’s an investment they say!
It is a cliché now to say that COVID 19 will change the world. What was right till now may not remain the same post COVID 19. Mr. Raghunath Mashelkar, former Director General of the Council of Scientific and Industrial Research (CSIR) and ex- Director of India's National Chemical Laboratory (NCL) has so rightly pointed out in one of his articles that it is time to reinvent, rather than to only focus on recovery.
The other day my seven-year old grandson in Australia asked me over the phone, “ So Ammamma, tell me, are you in lockdown?”, and I smiled at the casual way this word has entered the regular lexical usage of babes. A history of sorts was created when our Prime Minister took this brave step, though we were not unfamiliar to his ways of working.
As the global economy confronts the unprecedented onslaught of the COVID-19 pandemic and its exponential spread,it has directly affected India both through the sheer magnitude ofhealth emergency andthe consequent lockdown of domestic activities that hasput a halt to production, disrupted businesses and collapsed consumption, therebytriggering anunforeseen economic crisis.
It’s been now more than 4 months that the COVID19 Coronavirus started to proliferate. By now it has spread across the world and this, hitherto flowing, pulsing and thriving humanity has gone into “The Great Lockdown” as Gita Gopinath of IMF calls it.
Amidst the COVID-19 crisis, when the Government has ordered a nationwide lockdown it is important to note and assess the nature of lockdown impact which will ideally vary from jurisdiction to jurisdiction, depending largely on the “socio economic lifestyle” of the jurisdiction of each state.
Each problem comes with opportunities and we must accept this challenge of COVOD-19 and turn this difficulty into an opportunity to make our country a super economic power in the world, said Union Surface Transport Minister Nitin Gadkari here recently.
In present times of economic downtimes owing to the COVID19, small and medium-sized enterprises (SMEs) and the Micro, Small and Medium Enterprises (MSMEs) are often the last to see in-flow of funds. With an already and over exerted cash flow in the market, a potential recession could spell serious suffocating crisis for an average organisation.
The Novel Corona Virus has brought the business world on its knees. Most of the sectors like the tourism sector, hotel industry, luxury sector, etc. have taken a huge hit. The problem in the Farming Sector needs a separate write-up altogether. It is my fear that we may face a severe problem in the coming Rabi crops reaping season. But some sectors which have taken a hit are not as visible as the others. Let us take a look at some of these sectors… Retail Cash Management: Retail C
On 2nd March, I was attending a pre-bid meeting in Delhi at one Govt office. During the meeting the director suddenly announced _” First CORONA VIRUS PATIENT is detected in Delhi & it’s going to be really tough time ahead !”
Every business needs finance for sure. It all depends on the requirements of funds for your business and the strength of the balance sheet. Generally a debt equity ratio of 2:1 is a good ratio. So if you have need of funds then make sure you don’t borrow more than the said ratio. Further, other issues are relating to the repayment capacity, own margin availability and the security to be offered. read more
CC and term loan are meant for specific purposes. Long term assets are supposed to be funded through term loans - Machinery, buildings, etc. Working capital gap is to be funded through cash credits. Generally term loans don’t need much of collateral security since the basic tangible asset is primary security. Cash credits need collateral security almost to the extent of 100% of loan. read more
At the moment one has to really assess the situation and take a call. This is a time for a more conservative approach in managing ones finances. No amount of adventurism is advisable. I suggest one should spend on a holiday to the extent his own purse permits rather than adding one more EMI repayment to his financial commitments. read more