Tuesday 28 May 2013

404. 2. ENTREPRENEUR 10-11


2.  ENTREPRENEUR  10-11

Communication    Etiquette          p. 22

Before sending mail do proper home work.
“I am just leaving home, what is you address madam.”
“can you plug it into your laptop please?”
“I love sucking 
“I don’t  like you taking me through your presentatinn chewing gum. Believe this is just the tip of an iceberg”

The Customer Capture Contrption    p. 26
         Blogs are a great way to increase your digital presence, making you more visible and findable.
         You can increase your visibility and attract more qualified folks to your site.
1.      Make blog an extension of your main website.
2.      Solve or share, don’t shill.
3.      Show up.
4.      Avoid war and peace posts.
5.      Pen a killer headline.
6.      Link to other resources
7.      Embed companion calls to action
8.      Offer  subscription services
9.      Trick out with social bling
10. Remember a blog is an opportunity.

A blog won’t magincally drive business without active and ongoing promotion and particiaption – no matter how much inspiration.
Integrated knowledge and information networkscan be created with technology.

Big think, small movement

A success saga p. 48
v If a job can be done today, it must be finished today.
v Move with the time, pace is important.
v Indecision is dangerous.
v Plan in advance for contingencies.
v Hire the best talent for your business, irrespective of costs.

1.      Family business background

2.      The idea of opportunity
“we realized there  was no store for stationery as a specialty in India.”


3.      Early blots
“we had no clue about the supply chain, never knew what customers wanted”

4.      Write choices
“even if a single brand wasn’t there it was magnified. It meant our potential for sale was limited”

5.      Filling a talent pool.
“it was difficult to attract talent. We did not have a specific job description to pitch and were to team of seven only”

6.      Growth years.

7.      The market today.

8.      Further fills

9.      Learning with the flow
Dealing with people has been a big learning. It is easy to do a job but not as easy to get it done.

HOW TO DRESS THE PART                       P. 54

         Is it better to overdress or underdress?

         When you present yourself your clothes connote either thoughtfulness or thoughtlessness

         When you overdress, you have a better chance of ending up on the right side of propriety.

         Because clothes represent propriety.

How to enter a room.               P. 98








“Prevent everyone’s a bear in the woods.”

“Confidence makes you look comfortable.”

Clinton says;
1.      Don’t be aimless
2.      Don’t be casual
3.      Don’t be flippant
4.      Let your audience know they are important and that you are there because you have a message to give them

Give your self some credit                      p. 110

To build score
1.      Pay off debt.
The most powerful thing you can do to improve your cedit score is to reduce yur credit utilisation.

2.      Pay on time.
3.      Limit new accounts
4.      Don’t close old accounts
5.      Keep take on your credit.

If you set up a FOOD PROCESSING UNIT.                   P. 129

YOU MUST KNOW
1.      All India Food Processing Association
2.      Food safety and standards [food import] Regulation 2011
3.      Draft food safety and standard regulations 2910
4.      Manuals of metjhods of analysis ofr different food products
5.      Standard for potable water
6.      Food safety and standards rules 2011
7.      Highlights of Legal Metrology Act 2009
8.      Legal Metrology [Packaged conmmodities] Rules 2011
9.      Plastic waste  [Management an d Handling] Amendment

Basics for unit
1.      Sales Tax Registration --- VAT No.  ……………
2.      PAN card for the business
3.      Trade license
4.      Food License from the Health department


OTHER THINGS NEEDED
1.      Investment required
2.      Infrastructure
3.      Financial assistace
4.      Business insurance
5.      Licenses and incorporations
6.      Basic needs
7.      Competitions
8.      You must know
9.      Rule 2011

Hire a CEO             p. 125
1.      Determine the ke values that the new CEO must have to take the company to the next level and compliment the skills o fthe founder.
2.      A preliminary assessment of competency, skuill and iknowledge can be made for all potential candidates
3.      Have a team comprising board members and interview candidates in depth to check competency and behaviour.
4.      Deliberate the results of interviews to determine the best person for the job.









403. Relativity Still Very Close to LIGHT


Relativity Still Very Close to LIGHT

Neutrinos—ghostly subatomic particles—may have been observed traveling faster than the speed of light, scientists announced this week.
If confirmed, the astonishing claim would upend a cardinal rule of physics established by Albert Einstein nearly a century ago.
"Most theorists believe that nothing can travel faster than the speed of light. So if this is true, it would rock the foundations of physics," said Stephen Parke, head of the theoretical physics department at the U.S. government-run Fermilab near Chicago, Illinois.
The existence of faster-than-light particles would also wreak havoc on scientific theories of cause and effect.
"If things travel faster than the speed of light, A can cause B, [but] B can also cause A," Parke said.
"If that happens, the concept of causality becomes ambiguous, and that would cause a great deal of trouble."
Don't Bet on Breaking Light Speed
Members of the Oscillation Project with Emulsion-tRacking Apparatus, or OPERA, at the European Center for Nuclear Research (CERN) described the unusual neutrino detection in a paper published this week on the research website arXiv.org.
The team shot neutrinos out of a particle accelerator near Geneva, Switzerland, and measured how long it took the particles to travel to a neutrino detector in Gran Sasso, Italy, 450 miles (724 kilometers) away.
Neutrinos are subatomic particles that have almost no mass and can zip through entire planets as if they are not there.
Being nearly massless, neutrinos should travel at nearly the speed of light, which is approximately 186,000 miles (299,338 kilometers) a second.
To the astonishment of the OPERA team, the particles appear to have reached their destination about 60 nanoseconds faster than expected.
A nanosecond may not sound like much, but "the effect is quite large," said Fermilab's Parke, who was not part of the CERN team.
The extra speed would mean that, over a distance of 621 miles (1,000 kilometers), neutrinos travel about 66 feet (20 meters) farther than light travels in the same amount of time.
The results would be "revolutionary" if true, Parke said, but he added that he highly doubts the findings will hold up under closer scrutiny.
"If I was a betting man, I would bet against it," he said. "Your first response is it can't possibly be true, that they must have made a mistake."
Neutrino Speed an Instrument Error?
Parke is not alone in his skepticism. Many physicists have speculated that the OPERA results are due to a measurement or instrument error.
It would not be the first time such an error occurred, said Louis Strigari, an astrophysicist at Stanford University also not on the CERN team.
"There have been several instances where, through no fault of the experimenters, the equipment was not understood as well as it needed to be," Strigari said.
"It just so happens that you learn more as you get more data and you understand the machinery a little better."
Even the OPERA team is cautious about its results and is welcoming other researchers to repeat the neutrino experiment.
"We want just to be helped by the community in understanding our crazy result—because it is crazy," Antonio Ereditato, coordinator of the OPERA collaboration, told the BBC.
Supernova Neutrinos Not So Speedy
Dave Goldberg, an astrophysicist at Philadelphia's Drexel University, said that if faster-than-light neutrinos did exist, they would likely have been observed in nature before now.
For example, in 1987 detectors on Earth identified neutrinos and photons—light particles—from an exploding star. Both types of particles reached our planet at almost exactly the same instance.
According to Goldberg's calculations, if neutrinos travel faster than light by the amount the OPERA team claims, then neutrinos from that supernova should have been detected in 1984—three years before the photons.
"It's possible, but unlikely," Goldberg said, that detectors active on Earth at the time would have missed such an obvious spike in cosmic neutrinos.
Goldberg concedes that supernova neutrinos are less energetic—and would thus be traveling slower—than the neutrinos from CERN's particle accelerator.
However, "assuming Einstein was correct, both types [of neutrinos] would be moving at something like 99.999999999 percent the speed of light," Goldberg said in an email.
"In other words, from a measurement point of view, they'd be going at essentially identical speeds."
Relativity Still Very Close to Right
Even if the OPERA results are confirmed by other scientists, they wouldn't totally invalidate Einstein's theories of general and special relativity, Stanford University's Strigari stressed. Those theories still explain a remarkable range of observed phenomena in the universe.
"I think it's long been understood that the theories we have today aren't the full answers," Strigari said.
"If this observation holds up, then it's probably a good piece of evidence that the theories we currently have need to be reworked."
Drexel University's Goldberg agreed that physicists won't be discarding Einstein's theories anytime soon.
"Even if relativity turned out to be wrong," he said, "it's clearly very, very close to being right."

402. R. B. I. - Question & Answers -- 2


R. B. I.  -  Question  &  Answers  --  2

31] Why are Re.1, Rs.2, Rs.5 banknotes not being printed?
      Volume-wise, the share of such small denomination banknotes in the total banknotes in circulation was very high   but in terms of value they constituted a very small percentage. 
      The average life of these banknotes was found to be less than a year.
      The cost of printing and servicing these banknotes was, thus, not commensurate with their life, and printing of these banknotes was, therefore, discontinued.
      These denominations were coinised. However, Rs.5 was re-introduced in 2001 to supplement the gap between the demand and supply of coins in this denomination.
      The printing of Rs.5 banknotes has been discontinued from the year 2005.

32] What are soiled, mutilated and imperfect banknotes?
(i) "soiled note:" means a note which, has become dirty due to usage and also includes a two piece note pasted together wherein both the pieces presented belong to the same note, and form the entire note.

(ii) Mutilated banknote is a banknote, of which a portion is missing or which is composed of more than two pieces.

(iii) Imperfect banknote means any banknote, which is wholly or partially, obliterated, shrunk, washed, altered or indecipherable but does not include a mutilated banknote.

33] Can soiled and mutilated banknotes be exchanged for value?
Yes. Such banknotes can be exchanged for value.

34] Where are soiled/mutilated banknotes accepted for exchange?
      All banks are authorized to accept soiled banknotes for full value. They are expected to extend the facility of exchange of soiled notes even to non-customers.
      All currency chest branches of commercial banks are authorised to adjudicate mutilated banknotes and pay value for these, in terms of the Reserve Bank of India (Note Refund) Rules, 2009

35] How much value would one get in exchange of soiled banknotes?
Soiled banknotes are exchanged for full value.

36] How much value would one get in exchange of mutilated banknotes?
A mutilated banknote can be exchanged for full value if,
(i) For denominations of Re. 1, Rs. 2, Rs. 5, Rs. 10 and Rs. 20, the area of the single largest undivided piece of the note presented is more than 50 percent of the area of respective denomination, rounded off to the next complete square centimeter.
(ii) For denominations of Rs. 50, Rs.100, Rs. 500 and Rs. 1000, the area of the single largest undivided piece of the note presented is more than 65 percent of the area of respective denomination, rounded off to the next complete square centimetre.
Banknotes in denominations of Re. 1, Rs. 2, Rs. 5, Rs. 10 and Rs. 20, cannot be exchanged for half value.
A mutilated banknote in denominations of Rs.50, Rs.100, Rs.500 or Rs.1000, can be exchanged for half value if,
The undivided area of the single largest piece of the note presented is equal to or more than 40 percent and less than or equal to 65 percent of the area of respective denomination, rounded off to the next complete square centimetre.
37] How much value would one get in exchange of imperfect banknotes?
The value of an imperfect note may be paid for full value / half value under rules as specified for mutilated notes if,

(i) the matter, which is printed on the note has not become totally illegible, and
(ii) it can be satisfied that it is a genuine note.
38] What types of banknotes are not eligible for payment under the Note Refund Rules?
The following banknotes are not payable under the Reserve Bank of India (Note Refund) Rules 2009.
A banknote for which:
·         the area of single largest undivided piece of note presented is less than or equal to 50% of area of the note for denominations of Re. 1, Rs. 2, Rs. 5, Rs. 10 and Rs. 20.
·         the area of the single largest undivided piece of the note is less than 40 percent for denominations of Rs.50, Rs. 100, Rs. 500 and Rs. 1000.
A banknote which:
·         cannot be identified with certainty  as a  genuine note for which the Bank is liable under the Act,
·         has been made imperfect or mutilated, thereby causing the note to appear to be of a higher denomination, or has been deliberately cut, torn, defaced, altered or dealt with in any other manner, not necessarily by the claimants, enabling the use of the same for making of a false claim under these rules or  otherwise to defraud the Bank or the public,
·         carries any extrinsic words or visible representations intended to convey or capable of conveying any message of a political or religious character or furthering the interest of any person or entity,
has been imported into India by the claimant from any place outside India in contravention of the provision of any law.
39] What if a banknote is found to be non-payable?
Non-payable banknotes are retained by the receiving banks and sent to the Reserve Bank where they are destroyed.
40]  Banknotes since Independence.
        i.Ashoka Pillar Banknotes:
The first banknote issued by independent India was the one rupee note issued in 1949.  While retaining the same designs the new banknotes were issued with the symbol of Lion Capital of Ashoka Pillar at Sarnath in the watermark window in place of the portrait of King George.
The name of the issuer, the denomination and the guarantee clause were printed in Hindi on the new banknotes from the year 1951.  The banknotes in the denomination of Rs.1000, Rs.5000 and Rs.10000 were issued in the year 1954.  Banknotes in Ashoka Pillar watermark Series, in Rs.10 denomination were issued between 1967 and 1992, Rs.20 denomination in 1972 and 1975, Rs.50 in 1975 and 1981, and Rs.100 between 1967-1979. These banknotes are still found in circulation.   The banknotes issued during the above period, contained the symbols representing science and technology, progress, orientation to Indian Art forms.  In the year 1980, the legend "Satyameva Jayate", i.e., truth alone shall prevail was incorporated under the national emblem for the first time. 
To contain the volume of banknotes in circulation, Rs.500, banknote was introduced in October 1987 with the portrait of Mahatma Gandhi and the Ashoka Pillar watermark. 
      ii. Mahatma Gandhi (MG) Series 1996
The banknotes in MG Series – 1996 are available   in the denomination of Rs.5, (introduced in November 2001) Rs.10 (13-06-1996), Rs.20 (24-08-2001), Rs.50 (14-03-1997), Rs.100 (04-06-1996), Rs.500 (20-10.1997) and Rs.1000 (November 2000).  All the banknotes of this series bear the portrait of Mahatma Gandhi on the obverse (front) side, in place of symbol of Lion Capital of Ashoka Pillar, which has also been retained and shifted on the same side. This means that these banknotes contain Mahatma Gandhi watermark as well as Mahatma Gandhi's portrait.
41] Are there any special features in the banknotes of Mahatma Gandhi series- 1996?
The Mahatma Gandhi series-1996 banknotes contained several special features vis-à-vis the banknotes issued earlier. These are
        i.Security thread: Rs.10, Rs.20 and Rs.50 notes contain fully embedded security thread. Rs.100, Rs.500 and Rs.1000 banknotes contain windowed security thread. This thread is partially exposed and partially embedded. When held against light, this thread can be seen as one continuous line. Other than on Rs.1000 banknotes, this thread contains the words 'Bharat' in the Devanagari script and 'RBI' appearing alternately. The security thread of the Rs.1000 banknote contains the inscription 'Bharat' in the Devanagari script, '1000' and 'RBI'.
      ii.Latent Image:  The vertical band next to the (right side)  Mahatma Gandhi’s portrait,  contains a latent image, showing the denominational value 20, 50, 100, 500 or 1000 as the case may be. The value can be seen only when the banknote is held horizontally  and light allowed to fall on it at 45° ; otherwise this feature appears only as a vertical band.
    iii.Micro letterings: This feature appears between the vertical band and Mahatma Gandhi portrait. It contains the word ‘RBI’ in Rs.10. Notes of Rs.20 and above also contain the denominational value of the banknotes. This feature can be seen better under a magnifying glass.
    iv.Identification mark: A special intaglio feature (raised printing) has been introduced on the left of the watermark window, on the obverse (front) on all banknotes except Rs.10/- banknote. This feature is in different shapes for various denominations (Rs.20-Vertical Rectangle, Rs.50-Square, Rs.100-Triangle, Rs.500-Circle, Rs.1000-Diamond) and helps the visually impaired to identify the denomination
      v.Intaglio Printing: The portrait of Mahatma Gandhi, Reserve Bank seal, Guarantee and promise clause, Ashoka Pillar Emblem  and RBI Governor's signature are printed in intaglio i.e. in raised prints in Rs.20, Rs.50, Rs.100, Rs.500 and Rs.1000 banknotes.

    vi.Fluorescence: The number panels of the banknotes are printed in fluorescent ink. The banknotes also have optical fibres. Both can be seen when the banknotes are exposed to ultra-violet lamp.

VII. Optically Variable Ink: The numeral 500 & 1000 on the Rs.500 [revised colour scheme of mild yellow, mauve and brown] and Rs.1000 banknotes are printed in Optically Variable Ink viz., a colour-shifting ink. The colour of these numerals appears green when the banknotes are held flat but would change to blue when the banknotes are held at an angle
  vii.Watermark:    The banknotes contain the Mahatma Gandhi watermark with a light and shade effect and multi-directional lines in the watermark window.
iii) MG series – 2005 banknotes
MG series 2005 banknotes are issued in the denomination of Rs.10, Rs.20, Rs.50, Rs.100, Rs.500 and Rs.1000 contain some additional / new security features. The Rs.50 and Rs.100 banknotes were issued in August 2005, followed by Rs.500 and Rs.1000 denominations in October 2005 and Rs.10 and Rs.20 in April 2006 and August 2006, respectively.
42] The additional / new security features in MG Series 2005 banknotes.
        i.Security Thread: The machine-readable security thread  in Rs.10, Rs.20 and Rs.50 denomination banknotes is  windowed on front side and  fully embedded on reverse side. The thread fluoresces in yellow on both sides under ultraviolet light. The thread appears as a continuous line from behind when held up against light.
      ii.Rs.100, Rs.500 and Rs.1000 denomination banknotes have machine-readable windowed security thread with colour shift   from green to blue when viewed from different angles.  It fluoresces in yellow on the reverse and the text will fluoresce on the obverse under ultraviolet light.
    iii.Intaglio Printing:  The portrait of Mahatma Gandhi, Reserve Bank seal, Guarantee and promise clause, Ashoka Pillar emblem, Governor's signature and the identification mark for the visually impaired persons are printed in improved intaglio.
    iv.See through register:  Half the numeral of each denomination (10, 20, 50, 100, 500 and 1000) is printed on the obverse (front) and half on the reverse.  The accurate back to back registration makes the numeral appear as one when viewed against light. 
      v.Water Mark and electrotype watermark:  The portrait of Mahatma Gandhi, the multi-directional lines and an electrotype mark showing the denominational numeral 10, 20, 50, 100, 500 and 1000 appear in this section respectively in each denomination banknote and these can be viewed better when the banknote is held against light.
    vi.Optically Variable Ink (OVI): The font size of the numeral 500 and 1000 in Rs.500 and Rs.1000 denomination banknotes is reduced, as compared to MG series banknotes issued in these denominations earlier in the year 2000. The colour of the numeral appears green when the banknote is held flat but would change to blue when the banknote is held at an angle.
  vii. Dual coloured optical fibres, seen under UV lamp.
viii.Year of Printing:  Year of printing appears on the reverse of the banknote
 All these banknotes issued by the Bank are legal tender.
viii.The details are also available in the updated version of the Master Circular on Detection and Impounding of Counterfeit Banknotes- (2007).  (Annex IV)
43] Why was the change brought about?
Central banks, the world over change the design of their banknotes and introduce new security features   primarily to make counterfeiting difficult and to stay ahead of counterfeiters. India also follows the same policy.
44] What is a "star series" banknote?
Fresh banknotes issued by Reserve Bank of India till August 2006 were serially numbered. Each banknote bears a distinctive serial number along with a prefix. The prefix consists of numeral and letter/s.  The banknotes are issued in packets containing 100 pieces.
The Bank has adopted the "STAR series" numbering system for replacement of defectively printed banknotes, at the printing presses. To begin with, this will be for banknotes of Rs.10, Rs.20 and Rs.50 denomination. The Star series banknotes  are exactly like the existing Mahatma Gandhi  Series banknotes, but  have an additional character viz., a *(star) in the number panel in the space between the prefix and the number. The packets containing these banknotes will not, therefore, have sequential serial numbers, but contain 100 banknotes, as usual.  To facilitate easy identification, the bands on such packets clearly indicate the presence of these banknotes in the packet.
F) Counterfeits / Forgeries
45] How does one differentiate between a genuine banknote and forged / counterfeit banknote?
The banknote on which the above explained features i.e., the features of genuine banknotes are not available / absent can be suspected to be a counterfeit banknotes and examined minutely.
46] What are the legal provisions relating to printing and circulation of forged banknotes?
Counterfeiting banknotes / using as genuine, forged or counterfeit banknotes / possession of forged or counterfeit banknote / making or possessing instruments or materials for forging or counterfeiting banknotes making or using documents resembling banknotes   are offences under Sections 489A to 489E of the Indian Penal Code and are punishable in the Courts of Law by fine or imprisonment ranging from seven years to life imprisonment or both, depending on the offence.
47] Clean Note Policy:
Reserve Bank of India has been continuously making efforts to make good quality banknotes available to the members of public.  To help RBI and banking system, the members of public are requested to ensure the following:
o    Not to staple the banknotes
o    Not to write / put rubber stamp or any other mark on the banknotes
o    Store the banknotes safely to prevent any damage

647. PRESENTATION SKILLS MBA I - II

PRESENTATION  SKILLS MBA   I - II There are many types of presentations.                    1.       written,        story, manual...