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CFP Certification Detailed Overview

Thu, 23 May 2013 01:32:27 -0500

The importance of CFP certification cannot be denied because it is globally recognized by the industry leaders. Professionals who are qualified in CFP enhance the chances of getting jobs in more than 25 countries. Considered to be the hallmark of the financial planner, the certification is the passport to get a wonderful employment opportunity in the long run. The modern economy has proven to be highly competitive for the users because the companies are jostling for market space. People who are equipped with CFP degree have additional advantages because managers would prefer them. It is the differentiating characteristic that would go a long way in giving stellar results.

After clearing the exam, people are naturally filled with inner satisfaction of becoming the coveted professional. They are bound to join the elite group in an impeccable manner. By getting the degree one could enhance the professional opportunities without any hiccups. The world’s leading financial professionals’ form a network and you become a part of it.

One of the biggest advantages of CFP certification is the eligibility criteria, which are open to the people who have just passed their 12th standard examination. Even the working professionals or the graduate students could join the course and finish it as per their requirements and specifications. People looking for a career upgrade would look towards the options like CFP. The duration of the qualification is not huge and it could be completed within a single year. Working professionals could enhance the range of financial products offered to the users and further their careers from a long-term perspective.

There is an elaborate process of registering with CFP however, the examination is very important and could change the life of the candidates. 3 passport size photos are required along with the Class XII mark sheet. It would go a long way in providing impeccable results to the users. CFP provides credentials to the people so that they could establish benchmarks of quality in the field of finance. By undergoing CFP course, the person has attained the work ethics and competency without any hiccups. By honing the skills, people are bound to become better financial professionals of tomorrow.

The financial planning academy is known to create qualitative benchmarks in the recent times because the mode of training is amazing. Under the classroom program, the textbooks are available to the users so that they could learn the facts as well as concepts. The instructor is of top quality and imparts education through the intuitive means to the users. To understand the concepts, extra reference books are also supplied by the academy to the candidates. They can analyze them for further understanding the issues. Apart from the books, one could look into mock exam questions, which provide the ideal environment to practice. It is important to prepare for a CFP degree from the financial planning academy because more than 120 hours of training are imparted in the classroom.

If the users have any problem, they can log on to the website and ask questions of the instructors for clearing the doubts. Experienced professionals take classes which are bound to provide spectacular results in the long run.

Professionals who do not have time could join the distance learning program. It comprises of self study modules, however all the textbooks are available to the people. The challenge status mode is quite exemplary and the person should have more than 3 years of experience before taking the examination. The doubt clearing session is organized by the financial planning academy for the candidates ensuring impeccable performance towards the completion of the degree. Online monitoring of the assignment is carried out by the teachers to ensure awesome results in the process.

There are many discussion forums belonging to the financial planning academy where people can learn the different concepts of the subject. Risk insurance is one of the most important modules of examination. It must be completed and understood by the candidates ensuring spectacular score on the test. People undertaking classroom programs provide placement assistance by the teachers enabling them to get a head start in their careers. A huge E library is also available for the candidates, which help them to access the books according to their requirements and specifications. The final examination is online and there is no negative marking. Therefore, candidates could attempt all the questions according to their intelligence and understanding.

Retirement planning and employment benefits are very important for the users to understand because all the funds are managed with a focus on the future. Therefore, people should study the aforesaid module with extreme dedication. The financial planning academy provides exhaustive question banks for the preparation of examination. It helps the candidates to practice the concepts without any hassles. CFP degree is valuable and indispensable for the financial professionals who want to make a mark in the industry.

Walnut Board to be set up in JK State Soon: Bhalla

Wed, 22 May 2013 08:17:16 -0500

Srinagar, May 22 (Scoop News) –Minister for Housing, Horticulture and Culture Raman Bhalla today said that the JK Government proposes to set up a Walnut Board in the State to give boost to the Walnut production in a big way on scientific lines. He said emphasizes will be also laid on the value addition of walnut kernel’s adding that the Jammu and Kashmir State enjoys monopoly on this fruit as it is produced in the Jammu and Kashmir State only in whole country.

Speaking at a high level meeting of officers convened to review the overall functioning of the Horticulture Department here, the Minister said need of the hour is to exploit the optimum potential in the sector by setting up of walnut scientific processing units in various areas of the State. He said that this is key source to ensure the economic growth of the State in general and farming community in particular as horticulture is the back bone of the State’s economy.

The Minister called for close coordination between Horticulture and Sheri-e-Kashmir Agriculture University of Sciences and Technology (SKAUST-K) so that maximum farmers are benefited.

The Minister directed for judicious use of funds available under the horticulture sector. He said various centrally sponsored schemes are meant for the farmers with an aim to improve their living standard. He appealed the farmers to come forward and take advantage of these schemes.

The Minister directed the concerned to provide hi-yielding varieties of plants to the farmers and said that there will be no compromise on quality of the material being provided to the needy persons.

The Minister directed the officers of the Horticulture to sensitize the farmers about the latest technologies of science so that the same could percolate to the growers in the field. He said, there is also need to train the horticulture interventions, adding that the university needs to draw up a calendar of short term training programmes to be conducted either at the varsity or by way of workshops to be held in the office premises of the department across the Valley.

Discussing the basic Horticulture Training Course being imparted through the University for both the unemployed and in-service candidates of the Department, the Vice Chancellor SKAUST-K, Prof Taj Partap Singh assured the meeting that the University needed to increase the intake levels in line with the felt requirements of the department in this regard.

While deliberating upon pest infected apricot crop in Kargil, the Prof. Singh said that University is examining the nature of pest received from Horticulture department but need is take long term measures to counter the menace so that not only the unravelling damage is contained, but such attacks in future are also thwarted.

Earlier, Commissioner Secretary, Agriculture Production Department Asgar Samoon briefed the meeting about the activities of the department.

Among others, Director Horticulture Kashmir Sonam Narboo, Director Horticulture Planning and Marketing Ati-u-Rehman Natnoo, Managing Director, JKHPMC Ltd Syed Rafiq Ahmad Furrahi and other concerned officers were present in the meeting.

More at www.scoopnews.in/det.aspx

RIL Annual Report: India has the Potential to Become World Leader in Digital Content Delivery

Wed, 22 May 2013 06:34:33 -0500

It is that time of the year when annual reports are churned out by the companies. Recently, Reliance Industries Limited (RIL) came up with its annual report for FY13. In the report Mukesh Ambani, Chairman of RIL, stated that, “India has a unique opportunity to surpass the world and become a leader in delivery of digital content.” He also added that his upcoming telecom venture- Reliance Jio Infocomm Limited (RJIL) is planning to offer fast Internet connectivity on a pan-India basis. It will also offer end-to-end solutions that address the entire value chain across various digital services like education, healthcare, security, financial services, government-citizen interfaces and entertainment. It has to be noted that Reliance Jio Infocomm is planning to launch the country’s first high speed and data over fourth generation (4G) telecom networks in near future. It is signing agreements and partnering with various other companies for network and device benefits.

According to the current state of the company, RJIL is in pre-launch phase. It is focusing on finalizing key agreements with its technology partners, service and infrastructure providers, application partners, device manufacturers and other strategic partners. RJIL has got the in-depth analysis for a pan-India implementation of the infrastructure needed for the project. According to a speculation, RJIL has been formulated to provide broadband access to people that can truly transform lives of the consumers. It will give access to Internet, email, voice and video communications, news, social networking, games , education, health and fitness ,finance, travel, e-commerce, e-governance and homeland security services.

Apart from this, the report also says that RIL has listed four associate companies or joint ventures under Jio brand namely: Reliance Jio Private Limited, Reliance Jio Cloudworks Private Limited, Reliance Jio Electronics Private Limited and Reliance Jio Media Private Limited. It has 50 percent stake in all these companies and other half of the stake might be owned by RJIL. RIL is also planning to launch high speed broadband service in the country combined with a wireless mobility device. In this context, the report stated that the government is going to implement a new policy framework for “licensing, spectrum management and migration to digital addressable systems in broadcasting. The policy focuses on providing secure, reliable, affordable and high quality converged telecommunication services anytime, anywhere under one license for accelerated inclusive socio-economic development of the country.

It also focuses on further expansion plans of its retail arm- Reliance Retail by opening its stores in tier-2 cities. Talking about its core petrochemical business, Reliance owned KG-D6 basins located in Bay of Bengal, will see more investment to increase its efficiency in natural gas and oil production.

The Role of iPhone Application Development in the Emerging Smartphone App Development Scenario

Tue, 21 May 2013 06:16:25 -0500

Smartphone application development has brought many changes to the mobile devices. It has just revolutionized the way it functioned earlier. With more and more people involving with app development, more sophistication and advancement is achieved. Perhaps the easy process of creating new apps has made it more adaptable in the software development scenario. All smart phones including iPhones and androids have largely ventured into application development after realizing its positive influence on new age business. Iphone application development has made a more clear presence in the app development scenario mainly because of its versatility in development world and its steady advancement in the area of modern technology.

It has been highly useful in many area of our modern life, especially in the modern businesses. As everything goes online, and people are getting more and more tech savvy, mobile applications are playing a vital role in it and thereby the demand is increasing gradually. At present, many programmers are involving with game development, business application development, social networking applications, GPS enabled iPhone apps, Online audio streaming apps, Utility apps, Productivity apps, ecommerce apps and so on. All these application development has been easily done with the help of iPhone platform. The platform has not only allowed them to get smarter with technology but also to be more confident with their own ingenious power.

The Smartphone applications have been created a lot of interest among the users. The enthusiasm is palpable everywhere. Well, who wouldn’t like to flaunt an iPhone which provides immense pleasure and a peculiar status to the possessor especially with its cool look? And along with it, if it caters all their business and personal needs, there is no chance that they would think about leaving it aside. There is sophistication when it comes to its look and feel and obviously the touch technology has equally marveled the masses. If it is merely aimed to have a personal use, it offers all the fortunes to offer. However, application development has seen it newer heights providing apt and competitive business solution. This is why the experts say, the iPhone and its application development has come a long way and assert a position in the app development world.

As we know, though using Apple’s iPhone software development kit (SDK) is comparatively an easier job, it demands a lot of resourcefulness from a programmer. The SDK uses Objective C-language which actually is a smooth ride for many. However, it is important to note that one has to excel in the technology itself including the prudent use of frameworks. A complete and thorough knowledge the iPhone OS layers such as Cocoa touch, Media, Core Services, Core OS is a must in developing innovative applications. The technology offers a lot of things to the technicians and certainly it is their creative ability that leads them to be a successful app developer. Indisputably, there is a big scope for all those aspiring iPhone application developers to make it big because the iPhone plays a vital role in app development world which is growing to a greater level though there is a stiff competition from its competitors!

Ways to Determine Retirement Readiness

Mon, 20 May 2013 10:00:40 -0500

One of the biggest fears for those nearing retirement age is that they will outlive their money. Not knowing how they will survive the remaining years, many people approach their senior years unsure about when exactly they can retire. After all, they need to ensure they can maintain their current standard of living, once they lose the income from their current employment.

“A lot of seniors today are choosing to work longer. Some just enjoy it, but others don’t feel prepared enough to retire,” explains Samantha Fraelich-Rohe, CERTIFIED FINANCIAL PLANNER TM Professional, and Vice-President of Bernard R. Wolfe & Associates, Inc., a company that specializes in offering wealth management strategies. “It is always a good idea to assess whether you are ready for retirement before making a final decision and going for it. This will help alleviate fears and give you a realistic picture.”

Some of the most common questions and fears that people have when it comes to whether or not they are ready to retire can be answered by speaking with a professional and doing a little soul searching. Here are some of the ways to determine retirement readiness:

• Mentally. Being ready for retirement requires mental readiness, as well. The person has to be mentally ready for that shift in their life. They should have the right mindset and know what they are going to do next. Having a vision of one’s retirement is constructive.

• Financially. This is no doubt the biggest issue regarding retirement, for most people. It is important to ensure there is enough money saved and invested, and that retirement is something that can be afforded. Sitting down with a professional who can provide objectivity may help give hopeful retirees clarity on this topic.

• Direction. Many people believe they will retire and life will be grand. In actuality, many find that they are bored and don’t know what to do with themselves. Some even feel that they have lost their sense of purpose. It is important to have a vision and direction for retirement, and to get involved in enjoyable activities.

“Most of the issues above can be answered through some honest self reflection,” added Fraelich-Rohe. “When it comes to the financial aspect, it is best to work with a professional who can give you a more accurate picture. Also, it is never too late to start planning for retirement. Even those in their 50s when they first begin to invest can still have a good retirement.”

Bernard R. Wolfe & Associates, Inc., has provided financial management strategies and investment services since 1981. They assist a wide range of private and corporate clients with everything from estate planning and investment to divorce planning. The company also offers professional women’s financial planning services, led by Samantha Fraelich-Rohe, a CERTIFIED FINANCIAL PLANNER TM Professional.

To learn more about Bernard R. Wolfe & Associates, Inc., visit the website at www.bernardwolfe.com.

Securities and Investment Advisory Services offered through NFP Securities, Inc. Member FINRA/SIPC.

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Nigeria Inflation at 9.1%, GDP 6.56%, Interest rate 12%: What next for the economy?

Sun, 19 May 2013 13:38:49 -0500

http://afripol.org

Nigeria inflation rate in 2013 continues to be below 10 percent for the fourth month in a role. According to the numbers coming from The National Bureau of Statistics (NBS), the 2013 April inflation rate stood at 9.1 per cent, much higher that of March 2013 which was 8.6 percent.

"Sanusi and his gang at Central Bank of Nigeria have made it their agenda to lower inflation rate below 10 percent since 2009. But that has been elusive, except in July and August 2011, when the inflation rate registered 9.4 and 9.3 per cent respectively. Since then the inflationary trend has been surging without subsiding. This latest development has been almost four years since the inflation rate was below 10 percent. CBN must be walking on the sky for its latest achievement but this is not the time to beat one’s chest for the fight and struggle against inflation is a ceaseless battle that never ends," as Emeka Chiakwelu, Principal Policy Strategist and Analyst at Afripol stated earlier.

And for this recent development of taming inflation rate below 10 percent, the ranks and files at Central bank of Nigeria deserved some credit for tackling inflationary trends with aggressive monetary policy, which essentially entails mopping of the liquidity without drastically slowing down economic growth.

As for April 9.1 percent inflation rate, National Bureau of Statistics (NBS), narrated that: "Relative to March, the rise in the headline index could be primarily attributed to higher price levels of food products due to the effect of declining inventories. At this time in the planting season, what is sold are food products which were harvested, late last year and the limited supplies of these farm with a relatively stable demand, pushes prices higher. As in March, the Core sub-index exhibited a muted rise due to base effects. Between March 2012 and December 2012, the Core Sub-index recorded substantial year-on-year price increases (an average of 14.2% compared to 11.8% over the same period in 2011). As a result of substantially higher price levels last year, the implications are that the year-on-year changes for this year are likely to be lower. Additionally, we observed generally slower rises in monthly prices since 2013. This may be connected to more prudent fiscal measures together with aggressive stance of monetary policy. It."

National Bureau of Statistics reasoning on the rising of the inflation rate from March 8.6 percent to April 9.1 per cent of this year was illogical and disjointed. The depletion in the inventory was a result of the massive flooding that interrupted harvesting which brought a serious damage to agricultural products and farmlands. In addition scarcity and high price of petrol propel the price of staple foods and essential consumer products. The flooding made transportation fare higher due to deterioration of roads and longer time to get to the destination. All these factors brought about higher cost of delivery and subsequently higher prices that trigger higher inflation rate.

In the first quarter of 2013, the economy registered a growth of 6.56 percent slightly below the preceding fourth quarter of 2012 at 6.99 percent.

National Bureau of Statistics on the comparisons of the quarters of 2012 and 2013 stated that, "On an aggregate basis, the economy when measured by the Real Gross Domestic Prod-uct (GDP), grew by 6.56 percent in the first quarter of 2013 as against 6.34 percent in the corresponding quarter of 2012, and 6.99 in the fourth quarter of 2012 as shown in Figure 1. The nominal GDP for the first quarter of 2013 was estimated at 9,493,779.44 million naira as against the 9,142,858.51 million naira during the corre-sponding quarter of 2012. Within the two broad sectors of the economy, the non-oil sector growth was driven by growth in ac-tivities such as building & construction, ho-tels & restaurants real estate services, manu-facturing, finance & insurance and solid minerals, among others. The output in the oil sector however, decreased in the first quarter of 2013 relative to the correspond-ing quarter of 2012."

For the oil sector NBS detailed that the "sector recorded an average daily production of 2.29 million barrels per day in the first quarter of 2013 based on data obtained from the Nige-rian National Petroleum Corporation (NNPC) as against 2.35 million barrels per day in the corre-sponding quarter in 2012.

These figures, with their associated gas compo-nents, resulted in a growth rate, in real term of -0.54 percent in oil GDP in the first quarter of 2013 compared with the –2.32 percent for the corresponding period in 2012. During the period under review, the Nigerian oil sector witnessed some levels of disruptions as a result of pipelnie vandalisation and bunkering inci-dents with some oil companies such as Eni (Agip) declaring force majeure during the quarter. How-ever, the sector also benefited immensely from the relative stability in international crude oil market price and the exchange rate of naira against the dollar .

The Oil sector contributed about 14.75 percent to real GDP in the first quarter 2013, compared to the con-tribution in the first quarter of 2012 which was recorded at 15.80 percent, and 12.59% in the fourth quarter of 2012."

NBS also stated that "The Non-oil sector continued to be a major driver of the economy in the first quarter of 2013 when compared with the corresponding quarter in 2012. The sector recorded 7.89 percent growth in real terms in the first quarter of 2013 compared with 8.14 percent in the corresponding period of 2012. The growth in the Non-oil sector however declined in the first quarter of 2013 when compared with the cor-responding quarter of 2012 as indicated in Figure 4. The relative decline in growth can be seen in the such activities as agriculture, telecommunications and wholesale & retail trade. On the other hand, Manufacturing, Hotels and Restaurants, as well as Building and Construction were bright spots for the economy during the reference period. In what follows, the performance of the major industries in the non-oil sector in the first quarter of 2013 is further analysed to give a better understanding of its contri-bution to the Nigerian economy."

At the moment the Central Bank of Nigeria maybe basking in the sun for the laudable accomplishment in keeping the inflation rate below 10 percent. But CBN and financial policy makers cannot afford to rest on its laurels rather must be back on the saddle to keep mapping out the strategy for the long term maintenance of low to moderate inflation rate. Keeping inflation rate below 10 percent and even lower at 4 or 5 percent will be an omen that Nigeria is consistently winning the battle against inflation with sustainable, durable and good microeconomics fundamentals that will enhance and strengthened investors and capitalist faith in the country’s economy.

The interest rate at 12 percent should not be permanent fix on the monetary policy as tinkered by Sanusi and the rest of monetary committee. A high interest rate is not the best method to encourage and propel local enterprise and capital growth in the country. Interest rate at 12 percent will discourage borrowing especially among small and new marketers. Nigeria will not be obsessed with foreign investors at the expense of its local investors and rising business owners. It is intrinsic and necessary for the policy makers to utilize monetary policy and fiscal policy to stimulate trade and industry to the advantage of local investors who do create most of the jobs in the economy.

High interest rate at 12 percent does not incentivize local producers and business community to borrow more and invest in their industry and craft. More or less the higher interest rate contradicts growth policy and subsequently may lead to economic contraction as less business is developed. Therefore with less indigenous economic development comes more unemployment, which does not bode well for a country struggling to maintain sound macroeconomic stability.

In overall the Nigeria economy continues to show healthy growth according to the statistics coming from NBS. But the higher unemployment among Nigerians and increasing poverty are indications that the economy is not growing fast enough to absorb the unemployed and to lift Nigerians from poverty.

The needs to provide durable and sustainable infrastructures are the greatest challenge to the leaders and policy makers of Nigeria. The increasing lawlessness which includes vandalism, kidnapping, terrorism and indiscipline are wrong recipes and condiments for sustainable economic growth.

Africa Political & Economic Strategic Center (AFRIPOL) is foremost a public policy center whose fundamental objective is to broaden the parameters of public policy debates in Africa. To advocate, promote and encourage free enterprise, democracy, sustainable green environment, human rights, conflict resolutions, transparency and probity in Africa. www.afripol.org info@afripol.org

CSU-Global Offers Greater Insight Into Out-Of-Pocket Costs of Degree Completion

Fri, 17 May 2013 11:11:11 -0500

Colorado State University-Global Campus (CSUGlobal.edu) today announced that it has implemented an innovative practice to help students better understand the out-of-pocket cost of their education and ensure that they have the funds they need to complete their degrees. New students who use Federal financial aid will now receive greater insight into their borrowing history and have access to Tuition Planners available to provide counseling, guidance and support.

Student loan debt in the United States recently surpassed $1 trillion and as an institution with a mission to help adults complete bachelor’s degrees and earn master’s degrees, CSU-Global has seen many of its recently admitted students bring significant loan debt accrued while attending other institutions. To help inform students of their loan obligations beyond Federal loan best practices and requirements, CSU-Global has notified current students of their borrowing associated with Federal loan limits.

Additionally, all new students who have been accepted for enrollment into CSU-Global and who use Federal financial aid, are being provided a statement which reflects their borrowing to-date and the additional funds that they will need to complete their degrees at CSU-Global. Before taking their first course with CSU-Global, new students who are close to their Federal loan limit receive special counseling that integrates their degree plan needs, less expensive credit alternatives than CSU-Global standard course credit, and information on their loan limit status.

“CSU-Global is focused on adult degree completion as a pathway to workplace success. In the area of bachelor’s degrees, we embrace nontraditional transfer students who might not otherwise be able to optimize their previous course work and complete their degrees as they are able to at CSU-Global,” stated Dr. Becky Takeda-Tinker, President of CSU-Global Campus. “Bachelor’s degree transfer students, and some master’s degree students, bring to us their various credits and their Federal loan history which has accumulated over the years to be at or close to their loan limits. We want to help both our current students and those now seeking enrollment at the university to more proactively manage what remains of their Federal loan funds.”

As part of its role as a public non-profit institution, CSU-Global believes that it is has the responsibility to provide transparency in all of its processes and to provide direct and clear communication to its students. The university conducted a review of all of its students to understand their varying paths to successful degree completion and has reached out to those that appear to have insufficient funds for basic tuition and book costs for remaining credit hours.

“CSU-Global is committed to student success in achieving degree completion. Our Tuition Planners will assist students in understanding their financial loan status and provide information on other financial resources or alternative ways to complete their degrees in a financially responsible way,” concluded Ms. Pamela Toney, Senior Director of Financial Services.

PHP Application Development-Choose the Smarter Way to Get your Business Online

Fri, 17 May 2013 04:13:09 -0500

Businesses are searching newer and newer strategies to establish their online presence. There are various responsibilities coming onto their shoulders once they kick off with a business endeavour. Taking care of all those vital tasks with smart and quick solutions make them worthy of success. Getting online nattily and securely is one of them. Each business anticipates to have a better control of their business process. It starts from wise management of their employees to introducing clever methods to please their customers. All these required to have a foolproof process and for smart execution of all these, one needs to have something extraordinary to support the entire process. Needless to say, the evolving technology has all the fortunes to offer them!

However, going online makes them a bit anxious as they have greater concerns over their data. They all want greater security when it comes to online transactions. As times goes by, online security improves and thereby businesses take their online step a bit more confidently. The custom application development made things easier for them. And moreover, the resources are easily available. There are a large chunk of PHP application developers available. They do a smart work in order to secure the business process. Many useful web applications are being developed in order to enhance the existing business environment and providentially it helps them to a greater extent.

Choosing PHP for web development has many advantages. First of all, this server-side language simply helps a business unit to have a cheaper business development. Earlier, if business development had been a huge process with a lot of money pouring on it, there is a slight change in it with the help of emerging technology. Internet has helped out them with functional tools which reduce a lot of cost. There is faster development with less cost. All these derived from the wonderful use of platforms like PHP and other web development languages.

The great thing about PHP application development is that, one can obtain enough talent. As this server side scripting language is extremely compliant, the learning process has become easy for them. Almost all programmers try their hand on PHP. This open source language allows them to master on it easily and affordably. Because of this flexible nature of the language a huge number of web application developers excel in it which naturally produces a lot of talent. You can see higher level of creativity and technological progress when it comes to web development. This is mainly because of such languages that offer the programmers a lot of flexibility and freedom.

Other than this, the PHP allows a lot of custom development. Using the tools allowed by PHP is a real fun. If the PHP application developer has enough knowledge with an innate sense of creativity, then there is no looking back because there is a big door opened for them with endless opportunities. Custom application development has become really easy for them. Hence, an organization or a business unit looking for a good resource to get things done to take things on their stride can completely rely on PHP development because it certainly offers them ultimate business solutions.

GM India Launches Chevrolet Enjoy Premium MPV in J&K

Fri, 17 May 2013 03:59:56 -0500

Jammu, May 17 (Scoop News) – Chevrolet Enjoy Premium MPV was launched today at Jammu in J&K State by General Motors India.

The Enjoy offers a spacious, stylish and comfortable ride. With Flexi-Smart Seven or Eight occupant seating variants, it addresses the growing need for a comfortable, spacious and stylish MPV for family travel and business use. It comes with a choice of SMARTECH diesel and petrol engines and has been tailored for Indian driving conditions and consumers.

“We believe this is the right product for India in one of the market’s fastest-growing segments. As a new leader in the segment, we expect the Enjoy to be very popular,” said GM India President and Managing Director, Lowell Paddock. “Its introduction is another sign of our commitment to make Chevrolet the most preferred vehicle brand in India,” added Paddock.

According to Paddock, “GM India achieved substantial localization at the start of regular production of the Enjoy, which is unprecedented for a global vehicle manufactured in India. This is significant not only for the local economy, but also benefits buyers through a lower cost of ownership as a result of lower parts prices and the ready availability of spare parts.”

With the launch of Chevrolet Enjoy, GM India today also unveiled its global brand vision in India - ‘Find New Roads,’ a philosophy that aligns design, engineering, marketing and customer experience under a single platform. As GM India continues to widen its customer outreach with a full line-up of vehicles across major segments, the new platform "Find New Roads" embraces the spirit of ingenuity that has been in Chevrolet’s DNA since the beginning and it will continue to guide every aspect of our business moving forward. The foundation of this new guiding principle is Chevrolet’s century-long legacy of innovation and commitment to doing the right thing for customers in terms of products and services.

The Enjoy has a length of 4,305 mm, a width of 1,680 mm, a height of 1,750 mm and a wheelbase of 2,720 mm, which match medium to high-end family sedans. Chevrolet Enjoy’s front styling is defined by the signature Chevrolet Gold Bowtie in the Chrome Surround Three-dimensional Grille and Leaf Style Fog Lamps. This is accentuated by the Chrome Surround Meshed Air Dam in the front bumper. The crisp crease lines in the bonnet rising towards the front windscreen define both agility & tension of the aerodynamic form. The well-defined rising shoulder line flows seamlessly from the edge of the headlamps to the tail lamps lending a dynamic stance to the Enjoy. Swoosh-style, jewel-effect, wrap-around headlamps add the brilliance of sparkling diamonds to the style quotient of the Enjoy with the triple-pod design for turn indicator, high & low beam. Enjoy is available in six exciting exterior colours: Velvet Red, Switchblade Silver, Summit White, Caviar Black, Linen Beige, Sandrift Grey. Inside, the richly-appointed luxurious dual tone interiors of the Chevrolet Enjoy adorn it with a premium feel. The wood-finish AC vents and door trim inserts enhance the styling. Triple Cluster Silver Surround Instrument Panel brings in sharp styling definition to the Panoramic-view Dashboard. Soothing blue night-time illumination of the instrument panel provides strain-free view of the cluster to the human eyes.

Read Full at scoopnews.in/det.aspx

RIL Head Mukesh Ambani Gives Up Rs 24 Crore in Salary For Fifth Year In A Row

Thu, 16 May 2013 08:27:59 -0500

Chairman and Managing Director of the country’s biggest private sector entity Reliance Industries Limited (RIL), Mukesh Ambani is setting an example for moderation in managerial compensation levels. He has kept his annual salary at Rs 15 crore , foregoing Rs 24 crore from the remuneration approved for him by shareholders.

Ambani has not deviated from this salary level since the fiscal year 2008-2009. In the recently published annual report the company said that, “The Chairman and Managing Director’s compensation has been set at Rs 15 crore as against Rs 38.93 crore that he is eligible as per the shareholder’s approval, reflecting his desire to continue to set a personal example for moderation in managerial compensation levels.”

Mukesh Ambani is eligible for a pay package of Rs 38.93 crore from the last fiscal year. His actual salary is 23.93 crore lesser than the pay package.

In the last fiscal year of 2011-2012, Ambani had foregone his salary by Rs 23.93 crore. He had decided to stagnant his salary at Rs 15 crore in Oct 2009. There was a debate on-going at that time that discussed the right-sizing of CEO salaries. He was the country’s top paid executive when he decided to cap his salary which dropped from Rs 44 crore to Rs 15 crore in the year 2008-2009.

His remuneration includes Rs 4.16 crore as base salary, Rs 60 lakh towards prerequisites and allowances, Rs 89 lakh as benefits and Rs 9.35 crore as commission.

Apart from this, RIL’s total payments towards the annual compensation for its top managerial positions for the year 2012-2013 also remained same at Rs 44 crore. This compensation was hiked from Rs 41 crore to Rs 44 crore in the preceding year. The top executives of RIL , namely Nikhil Meswani and Hital Meswani are paid 11 crore each. Other executives like PMS Prasad and P K Kapil will be given Rs 5 crore and Rs 2 crore as their annual remuneration for the current fiscal year.

Overall, the employee strength of RIL has increased in comparison to last year. So, the overall staff cost at consolidated level rose considerably to Rs 5,179 crore from Rs 3,955 crore in 2011-2012. The total number of employees rose from 23,166 to 23,519 in this current year. The company has recently hired 75 management graduates and 436 engineers from campus selection drives in the last fiscal and the numbers will rise in future.

Here, it has to be noted that RIL is coming up with its 4G services in India soon. The company will also expand its overall employee strength to take care of the future expansions in Reliance Retail and Reliance Jio Infocomm.