Rubbish in India: Are We Becoming the Rubbish Dump of the World?

The Daily Mail Online reportedrubbish in India that an elephant was caught in video eating rubbish in India. In Bangalore, the once called ‘Garden City’ has deteriorated into a garbage metropolis. As a matter of fact, the residents are woken up in the middle of the night by the foul smell of the mountains of garbage on the streets. That’s how serious the trash problem in India is. This makes us think that the country is becoming the rubbish dump of the world. Truth be told, the indications of India’s rubbish crisis are everywhere. You can click here to find out about these signs.

Rubbish in India: Are We Becoming the Rubbish Dump of the World?

Did you know that Western nations and Arab countries also contribute to the tons of rubbish in India? According to news reports, tons and tons of garbage from Spain, Malaysia, Greece, and Saudi Arabia were sent to India last year. This is because shipping municipal waste to the country is four times more cost efficient than recycling these waste.

Over the past years, the government has been making an effort to resend the confiscated waste in ports back to where they came from. However, there are still companies that were able to import waste one way or another.

Dealing with Rubbish in India

The growing population in India has its pros and cons. One of the advantages is that its economy is rising. In addition, the country made its way to one of the most powerful countries in the world. But despite these drastic improvements, the government is lagging behind in terms of dealing with rubbish in India. In fact, the country is drowning in garbage.

But not everything reeks and is gray in India’s rubbish. Environmental advocates, private organisations, and the government are all looking for ways on how they can get away from the moniker as the rubbish dump of the world. For instance, Mumbai has these so-called rag pickers. These women, in spite of sweeping up the streets for low salary, are dedicated to managing the rubbish in India and segregating them for recycling.

There are also waste management services companies commissioned by the local government to tackle the growing problem of rubbish in India. But ultimately, addressing India’s garbage problem should begin in the household.

Indian Business Law: A Brief Primer

Indian business lawMuch of the Indian business law is based on the English common law. As a matter of fact, various legislations introduced by the Brits are still being enforced in a modified form until now. The country’s legal history can be traced as early as the Bronze Age and the Indus Valley civilisation. Since then, the laws in India, including Indian business law, have changed from a religious direction to the existing constitutional and legal system the country has today. You can click here to know more about the brief history of Indian business law.

Indian Business Law: A Brief Primer

When the East India Company was established in India, it became the major turning point of the country’s legal history. The company was given the authority to create laws and enact them in a manner they deem as necessary. In most cases, some people criticise the  complexity of the country’s legal system, especially in terms of the Indian business law. Having said that, there are still provisions of the law that are much simpler than those in the United States and Australia.

There are four major sources of Indian business law. These are the English Mercantile law, the Statutory law, judicial decisions, and those from customs and usages. The English Mercantile law, which directly translates to the ‘merchant law’, served as the basis of the structure of the Indian business law. On the other hand, the Statutory laws are the legislations created by the Parliament. A lot of Indian business laws are Statutory laws.

Judicial decisions are crucial sources of the Indian business law. The previous cases decided by the higher courts are often referred in cases being tackled in the lower courts. Meanwhile, Indian business laws based on customs and usages play a significant role in business transactions in the country.

Indian Business Law and Charitable Institutions

In 2014, a law was enacted wherein businesses in India are compelled to ‘give’ two percent of its profits to charitable institutions. According to The Guardian, India is the first nation to enact such law. Companies with annual profits of at least £105m should give away two percent of it in organisations that focus on improving the country’s education system, alleviating poverty, promoting gender equality, and decreasing hunger incidence. As per India’s lawmakers, the law will greatly help the social development efforts in the country.

Can Indian Businesses Put Their Faith in Mystics & Yogis?

The east has always had its differences from the west. Since Roman times, the world has been split into two distinct spheres: the eastern empire and the western empire. The east, as Alexander the Great discovered, is a rich and exotic realm, with a flavour quite unlike that of its hemispheric counterpart. The spiritual overlaps the material in the east, and there is not the clear demarcation between the zones, as exists in western thought and deed. India, in many ways, is at the centre of eastern consciousness. It is, also, the gateway to this ‘other world’.

Can Indian Businesses Put Their Faith in Mystics & Yogis?

It is the twenty first century, however, a time of technology, Apple, Google, Microsoft and the digital age. Is there still a place for that overlap of the spiritual, the ghost in the machine? Can Indian businesses put their faith in mystics & yogis? Does it offer some unseen competitive edge? Or, is it the chain that drags this nation forever backwards? How does this rich tradition impact upon the modern Indian business person and their activities? Does it still shape Indian thinking? So many questions, it beggars belief that these answers must still be given, despite the ever-changing contemporary world.

Tradition is the bedrock of identity. The Indian yogi, guru and mystic: the Babaji, the Bhagwan, the Buddha, the Mahatma, the Saint, the Holy Man. These are all players on a spiritual stage, which dates back thousands of years. Disciples and devotees, Sannyasins and seekers, form a saffron line that snakes across a great land mass, which stretches from the Himalayas to the sea. Is it any wonder that people in India still believe and still seek out the guidance that these babas offer?

Astrology has its roots in India, coming over from Babylonia in ancient times, brought by the Aryans to this subcontinental land. Since then, stargazing has spread all over the globe, to every corner and crevice. Horoscopes are cast in Charlestown and Canberra, Kolkata and Koln, Cusco and Cheboksary. Transits are cast and examined for businesses, projects and ideas. Mergers, marriages and deals are assessed with the assistance of the zodiac. Even, maybe seeking our western psychics, to summon a little occidental magic. When it comes to measuring market trends, is there really anything truly scientific to it? We all like to pretend that sociology is a science, but deep down the tarot readers are just as scientific. Can Indian businesses put their faith in mystics & yogis? Psychic powers? Why not? Donald Trump and his ilk have been doing it for years.

 

Mam Ramaswamy’s Racing Legacy

Mam Ramaswamy was a man of many talents – a brilliantly successful businessman, a lover of fine horses, and, more than that, a horse racing legend. With a career spanning several decades, it was his unofficial record of 600 classic wins in the races that set him apart. So what were Mam Ramaswamy’s secrets to business, life, horses and betting? A man who has become a legend in his country is a man who got horse racing down to a science. Apart from breeding incredibly fine horses, Mam also had his own personal inside tricks and tips for being able to win repeatedly, tips like wearing his lucky suit and his lucky tie. However, unless the suit and tie were blessed by Mercury and Pegasus themselves, we suspect there is probably a little bit more science than luck in over 600 wins. So unless you can convince the executors of Mam’s estate to sell you his lucky tie and suit, we best speculate as to some of the scientific factors that can improve your betting and give you an edge?

A legend in the world of horse-racing and called the ‘Turf Moghul’ for his expensive passion, Ramasamy was the biggest owner of thoroughbreds, having owned at least 1,000 horses in active training in race courses across the country. “Not long ago, I would invariably spend a major part of my day with the horses, but now that’s not possible. My trainers take good care of them and I don’t necessarily need to worry,” Ramasamy told The Times of India in an exclusive interview just a couple of months before his soul left this earth.

Racing surface

As the Indian business mogul certainly knows, condition of the track is an incredibly important factor second only to the qualities of the horse itself. The condition and type of track plays an enormous factor into whether you’ve picked a winner or a dud. Horse racing tips can differ in different areas; for horse races in India this can be particularly important especially given varying climate conditions. Horses on a wet or muddy track will race entirely differently than horses on the dry dirt. This matters because a horse which has typically been last might find itself at the advantage due to a slightly slower but more sure footed gallop. Determining the type of racing surface and how well previous horses have done on that given track under those conditions is a great metric by which you can determine the statistical likelihood of a win.

Has the horse beat the odds in the past?

This is a tip that can help you make significant amounts of money and that is by looking to see if a given horse has won against high odds in the past. A horse that has won against high odds in the past is statistically speaking much more likely to win again against high odds in the future. This is an important factor to consider because if this particular horse is showing good odds of winning then actually it is less likely to win. By being able to identify these statistical patterns in the horses you can see a significant return.

When the odds are at their highest against this particular horse, it’s actually most likely to win. This is not true of every horse, mind you, and each horse is unique and must have specific research done to determine the types and factors that lead to its winning at the races.

Along with this tip is another important one and that is not looking merely at wins in a row to determine a winning horse but how those wins are spread out. If a horse has won two or three races in a row previously but has not won for two or three races in a row, its odds of winning the current race may show it going down but by looking at a horse’s history you can determine that this horse is actually due for a win. This is often the case with race horses where they will win after a gap of several races they lost, then go on for several more winning races.

This is because racing takes a significant toll on the body of a horse. Those optimal peak times of output cannot be maintained for every single race but you know that the horse has that potential inside it and if it shows a pattern of a few losses and a few wins you can see if this horse is overdue for a win and place your bets accordingly. This is why it’s important to look at not just how often it wins but what were the odds back when it won and how long has it been since its last win. If it has won five times in a row, the odds will seem to be in its favor but the horse is actually more likely to lose.

Keeping this in mind can help you bet against the odds and win your money back multiple times over. With these racing tips you will be ready to compete against the 600 race record of Indian business legend Mam Ramaswamy.

Indian Technology Companies: Matching The World For Innovation

Back then, one may not imagine India to be amongst the leaders with regards to technological innovation. With that being said, India has been steadily keeping up with the pace and is now able to match the world for innovation particularly with the products and services that they provide to their clients on a regular day to day basis.

A huge part of India’s success can be attributed to the huge increase rise of smartphone users. Since 2013, the number of smartphone users in India has ballooned significantly and will reach 168 million this year, the research firm eMarketer predicts, with 277 million Internet users in India expected over all which a very impressive figure. It is no surprise that a number of individuals find India Replacing China as Next Big Frontier for U.S. Tech Companies. In fact, India already conducts more mobile searches on Google than any country besides the United States.

A testament to their huge success can be seen with Bangalore which has now become widely known as India’s Silicon Valley. Previously, it was once known for its lush farmlands however today it is now home to some of the best international and domestic technology companies which are creating millions of jobs for young Indian engineers from all across the country. It should be noted that the nickname, Silicon Valley of India signifies Bangalore’s status as a hub for IT companies in India and is a comparative reference to the original Silicon Valley, Santa Clara Valley, California, a major hub for IT companies in the United States.

You will find the Top 10 Information Technology Companies in India 2015 which includes giants like TCS, Infosys, Wipro, Tech Mahindra, HCL. The other prominent companies in the top 10 are Rolta, Cyient, Oracle Financial Services, Mphasis & Mindtree. As such, you will not be finding any shortage of information technologies in India that is able to compete and ready to take on the world.

This is the reason why several companies outside India have taken interest to what they have to offer to world for. For instance, Google and Microsoft have a plan to get all of India onto the internet. This is quite apparent especially with the Indian Prime Minister, Narendra Modi meeting with the biggest tech companies in Silicon Valley. Among those jostling for the Asian premier’s attention include the likes of Google, Facebook, and Tesla. This is the reason why many feel that India’s future with regards to world innovation is becoming even more promising than ever before.

A number of people want to learn the secret of India’s success. As such, there are Investors to Scrutinize India’s Information Technology Company Earnings. Analysts expect Infosys Ltd. and Tata Consultancy Services Ltd., India’s two largest outsourcers by sales, to show healthy growth when they reported their earnings.

Moving forward requires companies to take some risk make use of the latest innovation to be able keep themselves relevant in the industry. Sharepoint is able to provide their clients integrate such technologies to their respective companies. It eases the way information are stored, organized and shared making it possible to access them from almost any device. This is what several Indian Technology Companies have been using making it possible to keep them connected at any given time.

Will The Law Protect Foreign Business Investors In India?

India has had a bad reputation in the international business world for companies that come over here to do business. They have had to pay kick backs, baksheesh, to get things done and the black market in India is a huge source of illegal and pirated goods. Things are changing, however, as the modernisation of India continues and the growing middle class demands a fully functioning economy. The government is being forced to balance its protectionist stance with new laws to open up India to greater levels of foreign investment.

In 2006, foreign companies were given, for the first time, legal permission to own one hundred percent of wholesale cash and carry businesses in India. To prevent these foreign entities from operating within the retail sector the government introduced a raft of restrictions relating to group company sales. Some foreign corporations searched for loopholes in the legislation and formed partnerships with Indian retailers to allow them to reap their supply chain economic advantages. The government determined later that these company structures violated the intentions of the regulations and many foreign partners were forced to get out of these joint ventures. Compensation lawyers were consulted in some of these cases.

In 2011, the Indian government allowed foreign companies to own one hundred percent of single-brand retail operations, and at the same time to own fifty one percent of multi-brand retail operations. There was much local opposition to this opening up of the market and the multi-brand opportunity was revoked, before being reintroduced in 2012 with a host of new onerous regulations. Foreign ownership was only allowed in towns with populations greater than one million, and state bodies were given discretionary powers to ban them anyway if they so desired. Foreign businesses were required to invest at least $100 million and fifty percent of that amount had to be put into back-end infrastructure within the first three years. In addition, thirty percent of the products sold by these multi-brand, foreign controlled, retail operations had to be sourced locally from India. The result is that very few major brands have opened stores in India.

Indian companies can only borrow in foreign currency under extremely restrictive conditions imposed by the reserve Bank of India (RBI). In 2007, the RBI changed the way they viewed equity investments in the form of debt or preferred securities, treating them as illegal ways to circumvent their rules on foreign currency loans. The RBI went on to prohibit put options on equity shares to Indian investors and other such structures that foreign investors were utilising to reduce their risk in the Indian market.

Waste Management in India: Opportunities in Rubbish

It is quite apparent that India has mountains of garbage, and the cities are drowning in sewage. Is there any hope?

It’s not like the government has not been taking actions to handle India’s waste crisis. However, there is more that can be definitely done. The Jawaharlal Nehru National Urban Renewal Mission (JnNURM) was a massive city-modernisation scheme launched by the Government of India under Ministry of Urban Development. It aims to create ‘economically productive, efficient, equitable and responsive Cities’ by a strategy of upgrading the social and economic infrastructure in cities. However, aside from that, there has been no national level effort found to address the problem.

This basically means that municipal corporations got their hands full and will not be able to deliver solutions right away. It should be noted that for about eight years, officials of Hyderabad’s municipal corporation have been conducting interviews with locals and were quite unsuccessful with their efforts. This can be attributed to the track record of dumpsite operations and maintenance in India making the task of finding new landfills in and around cities is nearly impossible along with the Not in My Backyard (NIMBY) phenomenon. What corporations can do however is to take measures in their own hands by reducing landfill fires and open burning, and control pollution which is the result of leachate and odor and vector nuisance. This in turn, provides the needed relief to adjacent communities and allows corporations some time to plan better. Working closely with the community is also of utmost importance as they navigate through this sensitive issue. This is made possible by increasing clarity and transparency over such issue.

Indeed, waste management is a shared effort and should not be handled by the government and corporations by themselves. The community needs to join with the cause by practicing proper waste management procedures in an effort to reduce waste. Of course, waste will not go away overnight but such activities will make sure that this lessens over time.

Waste management goes under different category that needs to be separated from each other. This in turn makes recycling much easier and more efficient than before.  For instance, BMW of Bio-medical Waste means any waste generated in health care processes like diagnosis, treatment or immunisation of human beings or animals. BWM needs to be handled in a timely manner not it causing any adverse effect to human health and environment. It also needs to be segregated in containers at point of generation and handled and disposed off in accordance with prescribed standards.

Another popular waste product that is used on a regular basis is the batteries. It should be noted that batteries that are not disposed properly can end up to leak with used lead acid batteries and their components which can be very dangerous. As such, the community is advised to deposit used batteries with dealer, manufacturer, importer, assembler, recycler, re-conditioner or designated collection centres instead of throwing them away. Cleaners services of plastic waste also needs to be handled effectively especially since plastic takes a very long time for them to decompose compared to other types of waste. Finding the nearest recycling center is able to make waste management activity much easier to handle. We can only hope for the best with India’s waste management problem.

Business Loans: The Risks & The Opportunities

Loans have helped a huge number of business owners start and manage their business. Companies can end up running out of resources which in turn require them to seek the aid of business loans or else they risk running out of business. Business loans have been in the industry for quite some having their fair share of risk & opportunities.

Business owners are required to pay a regular monthly payment for a set period of time with a standard small business loan. It should also be noted that unless it’s a variable rate loan, the payment amount and terms don’t adjust with time. Similar to money given to homeowners for home improvements and various expenses, some banks will extend you a line of credit to help fund your small business which is a very much welcomed addition. As such, businesses are able to find the much needed funding that they need to manage their company.

Business loans do play a very important role in helping provide companies backup funding that they need until they are able to reach a breakeven. There have been a number of loan officers that provide their services for small businesses. They step in where a traditional bank might not lend to a small business. They exist online, where a nice suit and an open face won’t impress them. As a result, their techniques are sometimes unorthodox.

With opportunities, also comes risk and business loans have the consequences of default. This is where lenders may seize your assets and collateral if one is unable to pay for their loan. With small business loans there is a risk that the bank may require borrowers to sign up for a business bank account to make automatic withdrawals to pay the obligation which is quite problematic if one is running out of resources. Bad loans often become a problem and the Bank of India, Bank of Baroda, Indian Overseas Bank, SBI and Punjab National Bank are banks with a major share in bad loans. In fact, bad loans by public sector banks soar 27 pc in a year which is quite an alarming number.

Online Lenders does indeed offer a faster lifeline for small businesses and this is especially true today where obtaining a bank loan or credit line has always been painful. The paperwork takes days to prepare, approval decisions can drag on for weeks or months and this involves a tiresome and gruesome process. There is also a chance where your loan will not get granted wasting you a considerable amount of time as a result.

With that being said, RBS to suggest peer-to-peer lending to rejected business loan applicants. It should be noted that the RBS, provides a third of all lending to small and medium-sized enterprises in Britain, and they are expecting to advise thousands of businesses to contact peer-to-peer lenders Funding Circle and Assetz Capital.

It is important to be wary about business loans that can be approved with little to no effort. There have been cases in which a man attempted suicide as he was harassed by loan sharks. As such, when seeking a high-risk small business loan, you must expect to pay a very high interest rate. You don’t want to end up with an over increasing business loan so plan your actions carefully.

Horse Racing Opportunities In India

Free-Bets-Horse-Racing-Opportunities-In-India

Horse racing in India  started more than a century ago, it was first introduced by the British. The first Indian racecourse was set up in Madras in 1777. The British aristocrats and other racing patrons were part of an elite social circle. Today, Royal families still own horses together with a new generation of sporting people including businessmen, entrepreneurs, corporate executives and professionals who are interested in the game. India today has a very well established racing industry with five Turf Authorities that conduct horse racing events at nine racetracks located around the country.

British in India viewed horse racing as a sport and past-time, betting and wagering on horses was exempted to the criminal sanctions imposed on gambling. The Supreme Court legitimized this activity in 1992 with a ruling that wagering on horse races is a game of skill and not just luck, that’s why it doesn’t constitute an illegal form of gambling. This ruling made the horse racing popularity reach an unprecedented level. Lotteries and betting on horses Win-at-Horse-Racing with a licensed bookmaker is exempted from the gambling ban. There are plenty of opportunities for Indian residents to bet on horse racing via the internet. There are no laws prohibiting people from placing bet and free bets  even with online bookmakers based abroad.

Horse racing opportunities in India is vast for people who want to make money in this sport. Horse racing is a profitable business; there are lots of ways a horse owner can make money. There are purses that can be won and money that can be made from using a winning horse as a stud. There’s also money in betting on horses to win. Even retired horses make money from renting his services to broodmares. Professional horse owners who want to make money employ the best trainers, jockey and staff to help ensure their horses win.

Racing also provides numerous opportunities for those who love riding and seeking to make a career in this sport. Horse racing offers a huge economic activity with multiple career options. Some jobs  require an intensive education and experience while others only require experience and high school education. At the administrative level, there are talented people who can work as racing officials, veterinary doctors and race day officials. Horse racing also gives a wide scope of employment opportunities through the club and several license holders.

Horse racing jobs include racetrack operation as well as those which require direct interaction with horses. There are many career options if you have the passion for this sport. Here are some possibilities for those seeking a career with horses:

Horse Jockey
A jockey rides racehorses in competition and delivers commands to encourage the horse to win. They participate in horse training and exercise regimen with horse trainer supervision.

Racehorse Trainer
Trainers oversee the total care of the horse and prepare horses for racing events. They work with jockeys, veterinarians, exercise rider and farriers to provide comprehensive care and maximise each horse’s performance.

Equine Veterinarian
Veterinarians give preventive health care and treat horse injuries. Track veterinarians perform pre-race inspections to determine of horses are fit to compete. They also care for injured horses on the racetrack premises. They take post-race samples for testing of banned and illegal medication. They also perform different exams at the request of horse owners and trainers.

Equine Veterinary Technician
Technicians provide assistance to veterinarians when they perform complete exams and surgical procedures. They must have a two year degree and pass licensure examination in this field.

Equine Dental Technician
Dental technicians are involve in horse dental care and ensures that the horse is eating and performing properly. They perform “floating” or removing sharp points from a horse’s teeth.

Horse Breeder
Breeders are in-charge for caring and raising horses and also sell offspring or charge for access to prized studs. They keep genealogies and detailed records of weight, diet and horse characteristics.

Riding Instructor
Instructors must be specialized in different riding disciplines such as saddle seat, hunt seat, dressage, reining and show jumping. They supervise students and direct them in training sessions and riding lessons.

Exercise Riders
Riders ride horses during morning workouts. Their work begins before down and normally ends before noon. They usually ride 6 to 8 horses each morning. Riders are licensed to be able to ride the racetrack.

Farrier
Farrier’s job is concerned with maintaining equine hooves. They perform routine trims, shape and apply horse shoes. On the average they attend each equine client about 7 times a year.

Groom
Grooms provide daily care for the horses and noting changes on the horse’s behaviour or body that might need veterinary care.

Driving India Towards More Ethical Business Practices

Driving-India-Towards-More-Ethical-Business-Practices

Traditional Indian business culture puts a premium on favours, clanship and friendship. Friendship is regarded with high value, whether based on personal friendship, family friendship or school friendship. Conflict of interest does not blend well with the Indian value of group loyalty. Businesses breaking the law in India are rampant. Tax evasion and corrupt practices are commonly seen from individual citizens to businesses of all kinds and scale.

Almost all of the unethical business behaviour in India can be seen in the areas which are government administration related whether national, state, city and village. This business culture even extends to million dollar businesses out of the country. Indian billionaire businessman Gautum Adani makes special request to Australian Prime Minister Malcolm Turnbull to introduce a law that prohibits environmental activist groups from seeking judicial review of environmental approvals for major projects like his coal mine, rail and port project in Queensland.

There are number of impractical or restrictive laws causing more corruption in public services and the citizen. Businessmen and common men are subjected to many conditions making them resort to corrupt practices. Corruptions happen in different ways such as speed money, nepotism, underhand commission, nuisance value, avoiding legal punishment by breaking the law. A study showed that the most corrupt areas in India are the legal system and the police. Many Indian business people now even have their own police escorts driving them not just around Indian cities, but all over the world.

21st century businesses are finding ways not to succumb to corrupt practices by the government. Transparency International analysis showed that businesses can manage to get their rights without going the routes of corruption. A firm resolve by company executives can make it possible for businesses to behave ethnically in its relationship with the government and private sectors. Adhering to ethical standard makes good business sense. There are good examples of successful and ethical businesses in India worth emulating. Three Indian companies made it to the 2015 World’s Most Ethical Companies including The Tata Power Company Limited, Wipro Limited, Tata Steel Limited.

The World’s Most Ethical Companies are leaders in their industries measured by key ethical criteria such as corporate social responsibility, employee well-being, environmental compliance and company track record. The three companies are shining example of how ethics can be the foundation of how companies function. Globalisation is driving India towards more ethical business practices. Today nsw compensation lawyers in India are increasingly integrated with businesses from highly industrialized countries that adhere to ethical business behaviour. Younger generation of Indian entrepreneurs are willing to adhere to ethical business standards. Most of their companies are now creating Chief Ethics Officer position for their business.

Digital technology helps to bring great transparency and sustainability in the system. Business organisations have discovered that working together with non-profit and government organisations not only solve social problems but can give them new insights and approaches to creating business opportunities. Helping to solve community needs creates opportunities and develops ideas and demonstrates business technologies, to widen the market, and solve longstanding business problems. In today’s global economy ethical business practices increase competitiveness in the industry while helping to further sustainable excellence.