As the recession hits at IT industry and there are enough measures taken by companies in the name of cost cutting. That has gone to the height of bonus cut, increment cut and decrement to layoffs. The terms which are used as reasons for people quitting job till last fiscal, however in this fiscal the same terms are there enough in all most all companies but the attrition rate dips to 3 year low.
For Wipro, the attrition rate has come down from as high as 20 per cent two years ago, to 12 per cent. For Infosys, the rate is down from 13.7 per cent in the first quarter of 2007-08 to 11.8 per cent in the last quarter. TCS has seen a percentage point decline in the rate between the first quarter of this year and the third quarter.
Though companies says the low in attrition is because of their measures to ensure employee satisfaction. But almost all the people working in the industry knows the real fact behind the low attrition rate.
Ref:IndiaTimes
--Gopi
Thursday, February 5, 2009
Recession hits FM radio
FM radio, the media which was not very known to common man 4 years back is now on every home’s living room. A private FM station has been growing at 30 to 40 % in the last few years, thanks to the revenues through advertisements. However the growth rate would come down to 15 % this year says Radio City 91.1 FM CEO Apurva Purohit told sources.
Ref: DD News
--Gopi
Ref: DD News
--Gopi
Boycott LokSabha Election: Vijayakanth
The actor turned politician and founder and leader of political party Desiya Murpoku Dravidar Kazhagam (DMDK) Vijayakanth (Fondly known as Captain Vijayakanth) , who has changed his stand on political alliance from “No alliance”, “Alliance with People”, “Alliance with National Parties” to “Alliance with Non-DMK and Non AIADMK” and he has been moving coins on Srilanka issue with most care and has maintained silence on most part of the issue.
In the current stir of activities on Srilanka issue, he is almost isolated on the issue. It has triggered him to come up with a new idea, as per media reports he has demanded Political parties to boycott Loksabha election to show the country and the central government on their stand on obtaining ceasefire in Srilanka.
Political commentator says,” Political parties should comment on this; however he too joined the game of politics in the Srilanka issue”
--Gopi
In the current stir of activities on Srilanka issue, he is almost isolated on the issue. It has triggered him to come up with a new idea, as per media reports he has demanded Political parties to boycott Loksabha election to show the country and the central government on their stand on obtaining ceasefire in Srilanka.
Political commentator says,” Political parties should comment on this; however he too joined the game of politics in the Srilanka issue”
--Gopi
Wednesday, February 4, 2009
India – Govt may come out with Third stimulus package soon
The government may come out with a third stimulus package to boost the economy, textile minister Shankersinh Vaghela said on Tuesday.
The package will include special concessions for the textile industry, he said. Mr Vaghela said he has sent the recommendations of his ministry to the prime minister’s office (PMO) and the PMO is expected to take a final call on the package in the next few days.
The third stimulus is in line. It may include certain concessions for cotton exporters (apart from other measures),” he said on the sidelines of a function to launch the Fashion Design Promotion Council.
The government would also soon announce a debt waiver package for handloom waivers. The Cabinet is examining the Rs 2,200-crore debt waiver for weavers across the country. The Cabinet is likely to pass the proposal in its next few meetings as the proposal has found favour with the PMO also, the minister said.
There are about 35 lakh handloom weavers in the country and about 20 lakh are likely to benefit from the scheme. It is also likely the government would extend loans at concessional rates to handloom weavers. “As part of the scheme, we have recommended interest subvention so that loans to the weavers are made available at 7%, which is the rate applicable to the agriculture sector,” he said.
Ref: YNFX
The package will include special concessions for the textile industry, he said. Mr Vaghela said he has sent the recommendations of his ministry to the prime minister’s office (PMO) and the PMO is expected to take a final call on the package in the next few days.
The third stimulus is in line. It may include certain concessions for cotton exporters (apart from other measures),” he said on the sidelines of a function to launch the Fashion Design Promotion Council.
The government would also soon announce a debt waiver package for handloom waivers. The Cabinet is examining the Rs 2,200-crore debt waiver for weavers across the country. The Cabinet is likely to pass the proposal in its next few meetings as the proposal has found favour with the PMO also, the minister said.
There are about 35 lakh handloom weavers in the country and about 20 lakh are likely to benefit from the scheme. It is also likely the government would extend loans at concessional rates to handloom weavers. “As part of the scheme, we have recommended interest subvention so that loans to the weavers are made available at 7%, which is the rate applicable to the agriculture sector,” he said.
Ref: YNFX
Harbhajan: Chappell didn’t want to listen
After Sehwag’s comments on former India cricket coach Greg Chappell’s trust worthiness. Now, India’s spin lead, Harbhajan Singh come out saying that he was now happy with many things when Chappell was there and he lost his self confidence during Chappell’s tenure as coach
"(Under him) our mind was not working properly. He put a lot of doubts in my mind and in other players' as well...that you know you are not good enough..." Harbhajan told a television news channel.
"Lot of things was happening and we were not happy with lot of things," he said, refusing to delve into the details.
"If you see the record, I think we have done wonders in the last two years. But if you see when he was around, we didn't play well at all. We hardly won anywhere," Harbhajan said.
Ref: IndianExpress
--Gopi
"(Under him) our mind was not working properly. He put a lot of doubts in my mind and in other players' as well...that you know you are not good enough..." Harbhajan told a television news channel.
"Lot of things was happening and we were not happy with lot of things," he said, refusing to delve into the details.
"If you see the record, I think we have done wonders in the last two years. But if you see when he was around, we didn't play well at all. We hardly won anywhere," Harbhajan said.
Ref: IndianExpress
--Gopi
" Calling cards " In India
With the Department of Telecommunications approving the sale of ‘calling cards’ by telecom companies, international and domestic tariffs are set to drop further. It will also give the subscribers the freedom to choose from a plethora of calling cards for making STD or ISD calls.
The Telecom Commission has approved the Telecom Regulatory Authority of India (TRAI)’s recommendations that were forwarded last year, which comprised the use of calling cards.
Minister of State for Communications and Information Technology Jyotiraditya Scindia told journalists here: “It would offer flexibility to consumers to choose their carrier for making long-distance calls. A person who wants to call up a specific country and region can choose the cheapest tariffs available in the market.”
As in the West where an array of calling cards allows subscribers to pick and choose any operator as per his need, in India too operators would be allowed to introduce country-specific cards or region-specific cards for domestic calls, he said.
Ref: The Hindu
The Telecom Commission has approved the Telecom Regulatory Authority of India (TRAI)’s recommendations that were forwarded last year, which comprised the use of calling cards.
Minister of State for Communications and Information Technology Jyotiraditya Scindia told journalists here: “It would offer flexibility to consumers to choose their carrier for making long-distance calls. A person who wants to call up a specific country and region can choose the cheapest tariffs available in the market.”
As in the West where an array of calling cards allows subscribers to pick and choose any operator as per his need, in India too operators would be allowed to introduce country-specific cards or region-specific cards for domestic calls, he said.
Ref: The Hindu
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