Archive for the ‘social’ Category

Consumer Confidence In India?? Excellent & On Upswing ;)

Indian COnsumers Most Confident

Despite below average monsoon, INDIA has emerged as the second most optimistic nation across the world in terms of consumer confidence level.

Majority of people have expressed their positive opinion about job prospects, personal finances and their willingness to spend in the next 12 months. 🙂

A survey conducted by global consultancy firm Nielsen throws light in this regard.

🙂

According to the survey, consumer confidence in India is on upswing, registering a 13-point rise to 112 index points in the second quarter, second only to Indonesia (113 points).

🙂

“The recent elections in India have had a positive effect on Indians’ sentiments towards its economy.

With the UPA government back in power for the second-term, consumers are more confident that political and policy continuity will help recover the Indian economy,’’

🙂

The consumer confidence in India witnessed an uptrend on three parameters—

Job Prospects,

Personal Finances and

Willingness to Spend.

🙂

In terms of job prospects, Over half of Indian consumers are optimistic that job prospects will either be excellent (13%) or good (55%) in the next 12 months.

India ranked second after Indonesia in this regard. 🙂

🙂

When it comes to spending habit, about 4% Indians think this is an excellent time to buy the things they want and need, and 39% think it is a good time to buy things.

🙂

Regarding personal finances, Indians are the most optimistic globally as about 9% of Indians think their personal finances would be excellent in the next 12 months and 65% consider they would be good.

🙂 😀

“A stable economy has refurbished Indian outlook on the job market and their personal finances. Indians are relaxing their hold on money and are spending more than they were willing to spend in the last eight months,’’ an expert from Neilsen quoted.

🙂

However, more or less consumer sentiments are positive all across the world, with the Global Consumer Confidence Index, rising to 82 points from 77 points in March.

😀 🙂

Despite below average monsoon, India has emerged as the second most optimistic nation across the world in terms consumer confidence level, with a majority of people having bullish opinion about job prospects, personal finances and their willingness to spend in the next 12 months, a survey conducted by global consultancy firm Nielsen, said on Tuesday.

According to the survey, consumer confidence in India is on upswing, registering a 13-point rise to 112 index points in the secondquarter, second only to Indonesia (113 points). “The recent elections in India have had a positive effect on Indians’ sentiments towards its economy. With the UPA government back in power for the second-term, consumers are more confident that political and policy continuity will help recover the Indian economy,’’ The Nielsen Company associate director (consumer research) Vatsala Pant said. The consumer confidence in India witnessed an uptrend on three parameters—job prospects, personal finances and willingness to spend. In terms of job prospects, India ranked second after Indonesia. Over half of Indian consumers are optimistic that job prospects will either be excellent (13%) or good (55%) in the next 12 months.

Regarding personal finances, Indians are the most optimistic globally as about 9% of Indians think their personal finances would be excellent in the next 12 months and 65% consider they would be good.

“A stable economy has refurbished Indian outlook on the job market and their personal finances. Indians are relaxing their hold on money and are spending more than they were willing to spend in the last eight months,’’ Pant said. When it comes to spending habit, about 4% Indians think this is an excellent time to buy the things they want and need, and 39% think it is a good time to buy things.

Globally consumer sentiments are positive, with the Global Consumer Confidence Index, rising to 82 points from 77 points in March.

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RBI allows cash withdrawal from shops

RBI allows cash withdrawal from shops

As use of debit cards has been progressively showing rise, the Reserve Bank of India (RBI) has allowed withdrawal of cash from point-of-sale (PoS) terminals, where customers swipe their credit or debit cards to pay for purchases.

RBI said on Wednesday, that withdrawal of cash of up to Rs 1,000 per day through debit cards was now being permitted.

At present, customers are only allowed to withdraw cash at ATMs. Meanwhile, there are 44,857 ATMs in the country, while the number of PoS terminals at 4,70,237, which is more than 10 times higher.

This facility is available only against debit cards issued in India.

RBI said that customers might utilize the cash withdrawal facility at merchant establishments irrespective of whether they make a purchase or not.

“This facility may be made available at any merchant establishment designated by the bank after a process of due diligence,” the circular said.

A Letter by a Common Man to India’s PM :)

A Letter by a Common Man to India's PM :)

Dear Mr. Prime Minister

Greetings,

Soon after you swear in as the PM of India and your initial steps, post your appointment, had exactly fitted the requirements of the situation.

But there was a sad development too : Induction of few ministers in your team whose integrity was widely suspect and who, as per their own affidavits of election nominations, were going under investigations for criminal offenses.

You must be aware being a former top civil servant, that if superior of any government employee has expressed even the slightest doubt about his honesty and integrity in his performance appraisal record, then same Govt employee is barred from promotion and sensitive posts or even retired compulsorily from service before his time.

Ministers who wield power and authority over thousands of crores of rupees worth of public assets and whose decisions can make a whole lot of difference between progress and disaster, need to be, like Caesar’s wife, above suspicion. It is surprising how you overlooked this fact while constituting ministries in both your terms of office.

No Compromises !!

‘We, the People,’ the acknowledged sovereign masters in democracy, can only hope that your own vigilance and the idealism and acute sense of right and wrong of the young blood you have inducted into the ministry will help to contain and terminate any acts of malfeasance and misuse of power.

Occasionally, though, to our disappointment, you also take recourse to the age-old excuse of politics being the art of the possible. This has been serving as a cover for corrupt politicians to hide their many sins.

Ideals and principles are not incompatible with clean politics and good governance. In India itself, there have been leaders, alas, though few, who have proved that accountable and fair governance is possible.

Actually, there was, and is, no need for you to make the kind of compromises that are the bane of the country’s politics. You have received a thumping mandate as a prime minister this time and you could have acted as a tough PM in this regard.

Accursed black hole

The respect and trust for you among Indian masses have in fact contributed to the impressive victory for Congress party. The parties in the Opposition are in disarray, and are unlikely to pose any problem in the foreseeable future. You, therefore, are in an unchallengeable position to give a determined drive to the formulation and execution of policies that you judge as the best for the country.

You have got the task of to take the country forward in all directions that matter: Political, economic, social, scientific, technological, fiscal, monetary, budgetary. No doubt you would have received plenty of suggestions and ideas as India has never suffered from any dearth of bright ideas on what needs to be done.

But real issue is not about bright ideas but rather India’s policy maker’s shaky grip on the methods of getting them done within the proposed time frames and cost estimates.

The result is that all the promises held out to the people at large vanish into the accursed black hole of failure of implementation.:(

In nut shell, lack of attention to know-how makes a over indulgence of know-what purposeless.

All who go through India’s ills and cures enumerated in the President’s Address, for instance, will find themselves in full agreement with each one of them.

For the laudable intentions contained in the Address to turn a reality, and reach their benefits to the aam aadmi, it is must for you to inculcate in your ministers a work culture that encourage and adherence to prudence, propriety and probity within their spheres of action.:)

The observations that follow are to help you to that end.

Independent and Transparent committees to evaluate tenders

There is a persistent and growing belief among all sections of aam aadmis by whom your government and party swear that huge sum is demanded and given as bribes for allocation of contracts for purchases and sanction of projects. Any new project or purchase announced, an aam aadmi presumption runs like that purpose of project is just to facilitate high personages in authority to make money, not to serve project’s real interest.

Better make all financial transactions absolutely transparent and pass evaluation of tenders above, say, Rs 100 crores, to an independent committee of former officials of the Comptroller and Auditor General of India (CAG) nominated jointly by the CAG and the Chief Vigilance Commissioner, and go by its findings, besides giving them wide publicity in the Web sites of the respective ministries.

Relentless Monitoring

Effective leadership consists in relentless monitoring and follow-up of orders without remaining content with merely issuing them. It will be great if you can regularly devote little time to review pending matters with ministers.

If you can make your ministers as well as the chief ministers to adopt this practice, it will surely result in an immediate flow in the tempo of action leading to swift service delivery and timely completion of projects. It will also put babudom on notice that there will be zero tolerance for arrogant response towards the aam aadmi.

Accustom Minister to think of Nation not constituencies

Until about 40 or so years ago, Central ministers used to visit every part of India to gauge a personal idea of the prevailing situations and mingle with the aam aadmis to know of their grievances and gain profit from their suggestions.

Nowadays, whether it is the central or state minister, either because he lacks self-confidence or because he is uncomfortable with English or local language, he rarely, if ever, ventures into the rest of the country. His obsession is mostly with channeling funds and jobs to his constituency or his native state.

Accustoming ministers to think of the nation as a whole will help rid the narrow politics of regionalism.

Reviving orientation camps for ministers

Rajiv Gandhi conceived the brilliant idea of a retreat in which ministers, elected representatives, bureaucrats, officers of the police and defence forces and eminent achievers of the civil society would spend a couple of days engaged in informal and friendly exchanges of views, ideas and experiences.

This helped in their cultivating a better understanding of their field of action and built up a better connection in forging a collective front on issues and problems facing the country.

I would earnestly urge you to revive this practice for developing a synergistic approach which may lead to effective and expeditious implementation of projects and schemes.

Reviving Inter-State and Zonal Councils

Mechanisms like zonal councils and the inter-state council, envisaged by India’s far-sighted Constitution makers for mutual reinforcement of the Centre and the states and contingency planning, have remained unused and ad hoc responses to situations have become the rule.

It is high time they were made into potent instruments for building a common front, regardless of parties in power, against present and future challenges.

I shall continue to be in touch with you as and when necessary.

Yours sincerely:

A Common Man 🙂