Rail Budget 2010

Indian Railways is considered the lifeline of Indian economy flowing as the blood through the body. More specifically and precisely it is a sign of unity in diversity and national integration of culture which connects different people different with castes, language, and religion by growing together.

In fact Rail Budget is quite significant as it is framed separately and presented before the parliament as a separate entity. Indian Railways as an organization apart from generating revenue as a social responsibility and committed for inclusive growth of the population at large by generating employment opportunity and add much to our standard of living. We always evaluate all the budgetary aspects with regards to financial parameters but a lot of things get evaluated in the light of welfare and human values.

A TOUCH OF HUMAN FACE:

Now let us examine and analyze certain important issues of the present Rail Budget-2010 relating to humanitarian values:

• Much importance is given to the special benefits of the children and women with regards to security and safety and above all fear-free friendly atmosphere during travel. To implement this concept the present Rail Budget proposed 12 companies of women R.P.F. personnel called as "Mahila Vahini" for the security purpose is deployed to protect women from any kind of harassment during the journey.
• It has been proposed to wipe out the examination fees for women, minority community and economically backward candidates appearing for any kind of railway exams. It is contributing to the effort for the upliftment of neglected segment of the society.
  
• To energize the whole security system for all the passengers, retired army/ex-service men will be given an opportunity to be included in the R.P.F. battalion, so that their expertise could be used to fight against any kind of accidents or mishaps occurring due to naxalites attacks and robberies etc.
  
• As a contribution to the social infrastructure the present Rail Budget emphasizes on the health and education by planning to establish 400 hospitals, many diagnostic centers, 10 residential schools and around 50 "Kendriya Vidyalayas" all over India on the surplus land of Indian Railways.
  
• In order to facilitate necessary facilities to the senior citizens and women passengers, the present rail budget will induct modern luggage trolleys with uniformed attendants.
  
• To facilitate the candidate appearing for any railway examinations, the present Rail Budget has proposed to design question paper in major regional languages, with exams being held on the same date, across the region or country apart from Hindi, English and Urdu.
  
• To develop bilateral peaceful co-existant relationship, the present Rail Budget has proposed to build rail link between India and Bangladesh from Agartala to Akhura.
  
• Introduction of railway insurance to vendors and hawkers is also being proposed in the budget.
  
• Cancer patient going for treatment or periodic check up either alone or with escort will be entitled to get 100% concession on 3rd A.C. as well as in sleeper class. This is a step forward for helping the people suffering from cancer,
  
• To support the regional films and their growth, Rail Budget announced concession facility in travelling for film production and related crew members.
  
• To counter attack the ongoing inflation, the present Rail Budget has reduced freight charges on food grains and kerosene. Definitely it's a good measure to check the price rise and reduce the ongoing inflation.
  
• The budget announced that the land acquisition by the railway to be made bilateral–friendly and proper payment should be made for the same without any exploitation. This will help to reduce litigations and legal issues and thereby increasing the confidence among the people.
  
• For better living conditions to the railway employees the budget has announced to provide houses in the next 10 years to all the employees.
  
• In order to increase the safety and hygiene for the passengers, the budget has proposed six bottling plants to provide clean, cheap and pure drinking water to the passengers.
  

References:
Speech of Hon'ble Railway Minister.
Reports from News Channels,
Hindustan Times,
Financial Express,
Business Standards,
Economics Times.

by:
Amiya K. Mohapatra

Is High-tech Leaving Women Behind?

With personal computers, cell phones, Blackberry’s and iPods, it seems there’s no stopping the world from going high-tech. The question is: are women coming along for the ride?

The U.S. Department of Labor’s most recent report revealed that while high-tech jobs over the past decade have seen considerable growth, the gender disparity has remained higher than in the majority of the corporate world.

The surge of software, wireless and Internet technologies has created an entirely new labor pool. But it goes beyond computers and cell phones. Workers with backgrounds in engineering, math and science are also considered to have technology-oriented jobs. A study by the Bureau of Labor Statistics concluded that by this year, there would be 21.5 million American workers performing high-tech jobs. And by the year 2014, network systems and data communication analysts are projected to increase by 55%, the second fastest growing occupation behind home health care aides.

According to statistics published by Labor Dept. report, women made up just 1 in 10 engineers and 2 of 10 engineering technologists and technicians. The numbers were higher in the computer field, with women representing 3 out of every 10 systems analysts. Female scientists also made up 30% of their field.

So, what does all this mean for women? It means the opportunity is there, but is the interest? Technology has been stereotyped as a field that’s for geeks and is far from being glamorous. But is the disparity caused by women’s lack of interest in the disciplines normally associated with the high-tech industry or is it related to a corporate culture and work-life issues. Experts agree that it’s a combination of both.

“Stories of women’s lack of representation in the technology field abound,” says Cindy Royal, an assistant professor at Virginia Commonwealth University who held positions at Compaq Computer and NCR Corporation. “The ouster of Carly Fiorina [in 2005] as Chief Executive Officer of Hewlett Packard has brought increased attention to the death of women technology executives.”

The Fiorina story stood out in business circles because she was one of the few top executives running a major technology corporation. The industry has fewer women than the broader corporate world, according to the 2005 Spencer Stuart Silicon Valley index. The survey reported that of the high-tech companies surveyed, just 11% had two women in board seats, compared to 88% of companies in the S&P 500 having at least one woman director.

When fewer women are seen in leadership roles, it’s bound to have an adverse affect on recruiting more women into the world of technology. Experts conclude that in order to break down barriers developing talent, mentoring, networking and creating environments that relate to women’s work-life sensibilities are necessary to reverse the trend.

Royal, who has studied the effects of the Internet on communication and culture, said in her 2005 article that the socialization of women toward high-tech has to start early.

“A parallel strategy might be to increase the offering of technical skills in disciplines ‘where the girls are’ … or those in which women are already highly represented, such as communications, liberal arts and library science,” said Royal.

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By Teena Rose

Mergers & Acquistion

Why Mergers & Acquisition fail to deliver on the promised?
-By
Vijay Prakash Gupta
Lecturer

ABSTRACT
Mergers & Acquisition have become very popular throughout the world in the recent times. This has become popular due to globalization, liberalization, technological developments & intensely competitive business environment. Mergers and acquisition are a big part of corporate finance world. This process is extensively used for restructuring the business organization. In India, the concept of mergers and acquisition was initiated by the government bodies. The Indian economic reform since 1991 has opened up a whole lot of challenges both in the domestic and international spheres. The increased competition in the global market has prompted the Indian companies to go for mergers and acquisitions as an important strategic choice. The trends of mergers and acquisitions in India have changed over the years. The immediate effects of the mergers and acquisitions have also been diverse across the various sectors of the Indian economy.
But the interesting point here is that upwards of 60% of these mergers fail to deliver on share holder expectations.
The reasonable and prudent question then becomes why these mergers fail to deliver on the promised or projected results.

MEANING OF MERGERS & ACQUISITION
The phrase "Mergers & Acquisition" refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling and combination of different company that can assist, finance or help a growing company in a given industry, grow swiftly without having to create another business entity.

SCOPE OF MERGER & ACQUISITION
M&A has become a daily transaction now-a-days. Mergers and acquisitions are vital part of capital market activity in restructuring a corporation and had lately become one of the preferential routes for expansion and consolidation. The reasons to merge, amalgamate and acquire are diverse, ranging from acquiring market share to restructuring the corporation to mount up global competition. One of the largest and most complicated parts of a business merger is the successful integration of the enterprise networks of the merger partners. The main objective of each firm is to gain profits. M&A has a great scope in sectors like steel, aluminum, cement, auto, banking & finance, computer software, pharmaceuticals, consumer durable food products, textiles etc.

When Merger and Acquisition Promise Fails to Deliver
Every merger, acquisition, or strategic alliance promises to create value from some kind of synergy, yet statistics show that the benefits that look so good on paper often do not materialize. Unfortunately, many mergers and acquisitions fail to meet their objectives, which are typically to accelerate growth, cut costs, increase market share or take advantage of other synergies.
In simple way I can say that "Merger & Acquisition is just like a marriage, interesting point here is that upwards of 60% of these mergers fail to deliver on share holder expectations. But when M&As succeed, they can lay the foundation for a company to be the leader in its sector."
The logical and sensible issue then becomes why these mergers fail to deliver on the promised or projected results. The answer often times is quite simple; it is a direct result of the amalgamation process not being carefully thought with respect to the indirect impacts of changing a business unit. The mindset here is often that when company A buys company B that they rush in to change all policies and procedures to more closely meet their business model. At face value that would appear to be the intelligent course of action however little thought is given to what they are about to change and the implications that follow.

HUMAN RESOURCE: KEY FACTOR
It is accounted that one of the major causes for malfunction of a merger or acquisition is based on Human Resources disregard. People issues have been the most perceptive but often ignored issues in a merger and acquisition. When a conclusion is taken to merge or acquire, a company analyses the feasibility on the business, financial and legal fronts, but fails to recognize the importance attached to the human resources of the organizations involved. Companies which have failed to distinguish the importance of human resources in their organizations and their function in the sensation of incorporation have failed to achieve success. While it is fact that some of these failures can be largely attributed to financial and market factors, many studies are pointing to the overlook of human resources issues as the chief reason for M&A failures.

CONCLUSION
Mergers & Acquisitions (M&A) has developed into the mainly vital strategic element driving business growth and intensity. Mergers and acquisitions will continue to be an ever-present attribute of the current corporate landscape. Merger and acquisition (M&A) hold uniformly diverse sets of people, processes and technologies with the common aim of creating a larger, unified organization. The organization aims to benefit from the synergies of mixing organizations by consolidation, rationalization and incorporation of the people, processes and technologies of both organizations. Human Resources (HR) has the potential to play an important role during all stages of M&A. However, these issues are rarely considered until serious difficulties arise. The Human Resource aspect of M&A should be accorded the same emphasis and thought given financial, legal, operational and strategic concerns. HR no longer plays a hidden role and is emerging as a strategic business associate where key initiatives undertaken such as communication, training, counseling, career planning, support workshops, building trust, coaching and compensation planning, have significant business impact.