Nancy Naina – Kailasha Foundation

International Women’s Day 2019 | Let’s get straight to the facts

Nancy Naina — Thu, 07 Mar 2019 18:30:01 +0000

The inaugural women’s day occurred on 19th March 1911. The March 19 date was chosen because it commemorated the day that the Prussian king promised to introduce votes for women in 1848. The promise gave hope for equality but it was a promise that he failed to keep. The International Women’s Day date was moved to March 8 in 1913. A little less than 2 centuries have passed since the Prussian King broke his promise of equal rights for women but promises are still being broken when it comes to equality for women. Without a doubt, much progress has been made to protect and promote women’s rights in recent times. However, nowhere in the world can women claim to have all the same rights and opportunities as men, according to the UN. The majority of 1.3 billion absolute poor of the world are women. On average, women receive between 30 and 40 per cent less pay than men earn for the same work. Women also continue to be victims of violence, with rape and domestic violence listed as significant causes of disability and death among women worldwide.

International Women’s Day, is a public holiday in some countries such as Azerbaijan, Armenia, Belarus, Kazakhstan, Moldova, Russia, Ukraine. For one day the whole world is busy celebrating women’s day, sharing quotes on social media, uploading stories here and there but very next day they treat women like nothing.

In June 2018, Thomson Reuters Foundation — the philanthropic arm of Reuters media company – released a study that ranked India as the most dangerous place for a female because of its high incidences of sexual violence, lack of access to justice in rape cases, child marriage, female feticide and human trafficking. India outranked countries such as Syria and Afghanistan, second and third, that are currently at war, between 2007 and 2016, there were four cases of rape every hour. There are 63 million “missing” women in the country because of sex-selective abortion, as well as 21 million unwanted girls. Things changed drastically since ‘Beti Padhao, Beti Bachao’ was implemented but still lots to do towards it.

Feminism has been singularly responsible for redressing these deeply sexist social injustices. This is an undeniable and morally reprehensible truth that women have faced countless brutal forms of institutionalized discrimination since time immemorial and in all sorts of cultural settings.
But some forms of feminism have been harmful in that they have built an ideological foundation that is anti-male. Apparently, misogyny is reprehensible and evil but misandry is virtuous and laudable. This extreme form of feminism refers to, women being superior. This notion is harmful not only for society but women also, because women are not superior, or inferior, nor do they need a particular day to be remembered. But like all humans, like other genders, they need to be recognised for the hard work they do. They need rights and should be allowed to exercise them without any prejudice, bias. Also, they need to be credited for their noteworthy achievements and should be allowed to falter, because they, like all others, know how to stand again. There are numerous examples where women showed outstanding courage and self-belief and stood lonely for themselves, Padma Shri Dr Arunima Sinha is one one of them, she is the first female amputee to scale Mount Everest and Mount Vinson. The former national volleyball and football player, boarded the Padmavati Express train at Lucknow for Delhi on 12 April 2011, to take an examination to join the CISF. She was pushed out of a general coach of the train by robbers wanting to snatch her bag and gold chain. Immediately, as she fell on the railway track, another train on a parallel track crushed her leg below the knee. She was rushed to the hospital with serious leg and pelvic injuries and lost her leg after doctors amputated it to save her life. Arunima proved, a woman can overcome from any circumstances even as worst as she faced on her own.
Her aim was to climb all the continents’ highest peaks and hoist the national flag of India. She has already done six peaks by 2014: Everest in Asia, Kilimanjaro in Africa, Elbrus in Europe, Kosciuszko in Australia, Aconcagua in Argentina and Carstensz Pyramid (Puncak Jaya) in Indonesia. She completed her final summit of Mount Vinson in Antarctica on 4 January 2019.

“A woman is like a tea bag- you never know how strong she is until she gets in hot water”

“A woman is like a tea bag- you never know how strong she is until she gets in hot water” well said by Eleanor Roosevelt, the longest serving first lady of the USA and Dr Arunima Sinha is living proof of that. Once Hillary Clinton said that “Nation that invests in women’s employment, health and education are just more likely to have better outcomes. Their children will be healthier and better educated. So this is not just the right thing to do for us to hold up these women, to support them, to encourage their involvement; this is a strategic imperative“. Considering the very reason Kailasha Foundation – Fun & Learn Portal dedicated the first edition of it’s e-magazine to women and issues related to them. It talks about periods and sanitary napkins. The e-magazine was named The Power Of Wings, released this year on 15th of January. To awaken the people, it is the women who must be awakened. Once she is on the move, the family moves, the village moves, and finally, the nation moves.

images' source: picsbud.com, Google

Acknowledgements: Lisa, Vaishnavi, Ankita, Tanushree, Riya, Snigdha, Shivani also contributed to this article.

Kailasha Foundation – Bringing Solutions To You

Click here for more NTSE Quizzes

The post International Women’s Day 2019 | Let’s get straight to the facts appeared first on Kailasha Foundation.

Vision 2030 : Modi Government

Nancy Naina — Sat, 02 Feb 2019 05:15:20 +0000

The Finance Minister on Friday during his presentation of Interim Budget, 2019 in Lok Sabha suggested 10 most important dimensions that will guide the government in vision 2030. The government are poised to become a Five Trillion Dollar Economy in the next five years and aspire to become a Ten Trillion Dollar Economy in the next 8 years thereafter.

Vision for Infrastructure

The first vision is to build next-generation physical as well as social infrastructure for a $10 trillion economy and to provide ease of living. It will also build a quality and science-oriented educational system with Institutes of Excellence providing leadership at the top.

Vision for Digital India with Youths

The second vision is to create a Digital India reaching every sector of the economy. It also involves developing a digital infrastructure and digital India that comes under the reach of every citizen. Our youths will lead us to this by creating numerable startups and enhance job opportunities through their skills and competence.

Vision for Environment

The vision is “Making India a pollution free nation with green Mother Earth and blue skies“. This India will drive electric vehicles with renewables becoming a major source of energy supply bringing down imported dependence and increasing energy security for our people.

Vision for Rural India

The vision for rural India is to expand rural industrialization to generate massive employment using modern Industrial technologies based on the “Make In India” approach using grass root MSMEs and startups across the country.

Vision for River, Water, and Irrigation

The vision for India of 2030 is Clean Rivers, with safe drinking water to all Indians and efficient use of water in irrigation using micro-irrigation techniques.

Vision for Oceans and Coastlines

Ocean and coastlines are one of the dimensions of the vision for 2030 to ensure better standards and quality of life for a large number of people living in the coastal area. The long coastline can be pivotal for the economy, using the strength of the blue economy and Sagarmala programme.

Vision for India in Astronomy

The vision for Indian astronomy is for India becoming launch-pad of the world by space programme-Gangayaan, placing an Indian astronaut in space by 2022.

Vision for Food and Agriculture

Vision is to achieve self- sufficient in food and improving agricultural productivity with emphasis on organic way. It further add focus on an integrated approach towards agro and food processing, preservation, packaging and cold storage facility.

Vision for Health and Wellness

A healthy India, with distress-free and comprehensive wellness system for all, women having equal rights and concern for their safety and empowerment is a dimension for the vision 2030 through Ayushman Bharat Scheme.

Vision for Governance

‘Minimum Government and Maximum Governance’ with proactive, responsible and friendly bureaucracy, electronic governance is the vision 2030 for the Good Governance.

Kailasha Foundation – Bringing Solutions To You

<<>>

The post Vision 2030 : Modi Government appeared first on Kailasha Foundation.

Interim Budget 2019

Nancy Naina — Fri, 01 Feb 2019 15:30:55 +0000

The Interim Finance Minister Piyush Goyal on Friday presented the sixth and the much awaited Union Budget of the Narendra Modi government in Lok Sabha. Goyal was appointed interim finance minister on January 23 with Arun Jaitley undergoing treatment. Here are some highlights from the Budget 2019 presented by Piyush Goyal.

A big announcement for MNREGA

Goyal announced to allocate ₹60,000 crore for MNREGA in the year 2019-20. He also announced 143 million LED bulbs to provide illumination to all houses and save electricity. Mr. Goyal promises to provide a home to all by 2022.

Farmers will be given 6,000 rupees in their accounts.

The Finance Minister announced in parliament a direct support ₹6,000 per hectare in farmer’s bank accounts directly. Prior to the election, ₹2,000 will be given as the first installment. This money will go into the accounts who own up to 2 hectares of land. This will benefit the families of 12 crore farmers. The scheme, which will be applicable from 01st December 2018 and will cost about ₹75,000 crore to our government. Also, interest on the loans given for animal husbandry and fishery care will be given 2% discount.

₹750 crore will be spent on Kamdhenu Scheme

The finance minister said during the presentation that our government always works for Gaw Sewa. ₹750 crore will be spent on Kamdhenu scheme.

Gratuity limit has been increased from ₹10 lakh to ₹30 lakh

Goyal announced “Gratuity limit has been increased from ₹10 lakh to ₹30 lakh. Prime Minister Shram Yogi Mudan (Mega Pension Scheme) has been started to give pension to people in the unorganized sector, contributing only 100 rupees per month. After giving the work, workers will get a pension of ₹3,000 after the age of 60. This will benefit 10 million workers in the unorganized sector. India will become the largest pension plan in the world of the unorganized sector”.

Estimates of the fiscal deficit this year will be 3.4 percent of GDP

The fiscal deficit in the current financial year 2018-19 will be 3.4% of the GDP. The current account deficit will be around two and a half percent of GDP this year. The last five years the country has received FDI worth $239 Billion.

Tax assessment processes will be modified

The Finance Minister said today “Do not go to offices for tax assessment now. IT returns will be processed in 24 hours.
If any notice comes manually to the assessee, he can write to department & officials to ask the information only through online mode which will result in the big opportunity for CAs to save time and manpower.
Within almost two years, almost all assessment and verification of IT returns will be done electronically by an anonymized tax system without any intervention by tax officials.

Income Tax free up to ₹5 lakh

The limit of income tax exemption has been increased from ₹2.5 lakh to ₹5 lakh. Now tax will not be levied to the income of five lakh rupees. No tax will be required to invest ₹1.5 lakh the in the provident fund or equity. If so, if a person’s income is ₹6.5 lakh and he invests ₹1.5 lakh rupees then he will not have to pay any kind of tax. Assessee must be clear that Income Slab has not changed. Rebate under section 87A has only been changed from ₹2,500/- to ₹12,500/-.
Simultaneously, standard deduction has been increased from ₹40,000 to ₹50,000 for salaried class people.

TDS limit on interest income increased to ₹40,000

Interim Finance Minister Piyush Goyal on Friday announced to increase the tax deduction limit on the income from interest of ₹10,000 to ₹40,000 per year. In case of senior citizens, the limit has been increased to ₹50,000. Presenting the Budget 2019-20 in the Lok Sabha, he said it will benefit the senior people and the small depositors who depend on the interests of deposits of banks and post offices. So, these depositors could demand a refund of tax deducted at interest income up to ₹10,000 per year.

Few more points to be highlighted from the Budget 2019

● There will be a single window for approval for Indian filmmakers. Anti-camcording provision to be introduced to the Cinematography Act to combat film privacy.

● The vision for 5 lakh digital villages in next 5 years.

● More than ₹3 lakh crore has been announced for the defense sector.

● Those MSMEs who are registered with GST will get 2% interest relief.

● 26 weeks of maternity leave to empower women has been granted in this budget.

● Goyal said our government has delivered 6 crores free LPG connections under Ujjwala Scheme.

● PCA restriction has abolished from 3 major banks namely, BoI, BoM and OBC.

● 22nd AIIMS has to built-in Goyal’s home state Haryana.

● GST has been continuously reduced, resulting in relief of ₹80,000 crores to consumers; most items of daily use for the poor and middle class are now in the 0%-5% tax bracket.

● Benefits under Sec 80(i)BA being extended for one more year, for all housing projects approved till the end of 2019-2020.

● Businesses with less than ₹5 crore annual turnover, comprising over 90% of GST payers, will be allowed to return quarterly returns.

Kailasha Foundation – Bringing Solutions To You

<<>>

The post Interim Budget 2019 appeared first on Kailasha Foundation.

Leadership Qualities

Nancy Naina — Thu, 31 Jan 2019 05:30:34 +0000

“My job is not to be easy on people. My job is to make them better.” Steve Jobs

(In an exclusive 2008 interview, Jobs talked with Fortune senior editor Betsy Morris about the keys to Apple’s success.)

This what leaders exactly do. Leadership is about influencing people towards development & change. Leaders are the people with an abundance of self-belief. Let us have a look at some qualities of the great leaders.

Great leaders are the creature of confidence

While most individuals know that it is important to have a certain amount of confidence in a leadership position, Steve Jobs showcased just how important this was with his own efforts with his products. There is a story when steve jobs wanted a special type of glass for the front of the iPhone and he wanted it quick. When an employee told him it was impossible, Jobs simply said “Yes you can do it. You can deliver, don’t be afraid.” This type of confidence not only in himself and in his products, but also in others is what made Jobs the leader so many know him as today.

Great leaders are Adaptable

As Martin Luther King Jr. stated, “Our very survival depends on our ability to stay awake, to adjust to new ideas, to remain vigilant and face the challenge of change.”

To become a good leader it is important to have the ability to adjust to new ideas, to remain vigilant and face the challenge of change.

Martin Luther King Jr., one of the greatest leader in the history of the human race, had an unmatched ability to adapt to any circumstances. Regardless of the cards he and his Movement’s followers were dealt, King deftly adjusted his strategy. From the march from Selma to Birmingham to his Birmingham letter, King was never dispirited in the face of adversity.

Great Leaders inspire people around them

As John Quincy Adams puts it, “If your actions inspire others to dream more, learn more, do more and become more, you are a leader.” If you are successful in inspiring your subordinates, you can easily overcome any current and future challenge easily. Steve Jobs, Abraham Lincoln and all the great leaders used to inspire people around them.

Accountability

Let’s have a look what Arnold H Glasow has to say about Accountability “A good leader takes little more than his share of the blame and little less than his share of the credit.” Holding people around you accountable for their actions will create a sense of responsibility among your subordinates and they will go about the business more seriously.

Creativity and Innovation

What separates a leader from the followers? Steve Jobs answers “Innovation distinguishes between a leader and a follower.” Challenging the ‘status quo’, is what separates the leaders apart from the crowd. Creativity is oxygen of a great leader.

Vision

Above all things, a great leader must have a strong vision and this creative vision challenges his subordinates and drives them to act with vision as well. Great leaders always thinks of the future and always have a clear idea of what he wanted to move towards. This was Steve Jobs vision which helped him pull his team together and helped them work towards a common goal whenever he had a new idea for the future of Apple.

Kailasha Foundation – Bringing Solutions To You

<<>>

Source: Steve Jobs by Walter Issacson, I have a dream by Martin Luther King Jr., achieveiconic.com

The post Leadership Qualities appeared first on Kailasha Foundation.

Stress, Anxiety and Depression

Nancy Naina — Wed, 30 Jan 2019 05:30:05 +0000

As we all know, the world is getting more complex as fast as it is growing. No one has the time enough to take care of themselves. In this tittle-tattle, we forget that every decision we take, every move we make, is operated by our own brain. Our brain is never off-duty, it keeps working incessantly even we are sleeping. It is common and pretty natural for it to have some disorders. These disorders are treatable but serious. We need to know and understand these disorders related to the brain to get rid of them and prevent ourselves from some serious consequences.

Stress, Anxiety and Depression. Just about everyone feels these emotions at some time. All are common reactions to life’s challenges, from losing a loved one to going through a divorce. On the surface, they can look a lot alike, but there are distinct differences.

Anxiety, Stress and Depression are different but all are interrelated.

Stress is usually characterized by a sense of feeling overwhelmed. This feeling may be due to your coping capacity being over-stretched or having been under pressure for too long. Some stress can help us to perform our day to day functions, too much stress leaves us “distressed” and often exhausted.

Stress and anxiety may seem similar on the ground, but they’re not the same. Stress is a response to daily pressures or a threatening situation, while anxiety is a reaction to the stress. Anxiety, which has no clear cause, tends to last longer and be more difficult to treat.

Anxiety is a sense of fear or dread that something terrible is going to happen. Anxiety can be general or specific to a place, social situation or thing (phobia). If you often feel anxious or depressed for no apparent reason, you may have an anxiety disorder, depression, or both. It’s not unusual for someone to suffer from both conditions at the same time. In fact, just about half of those diagnosed with depression are also diagnosed with an anxiety disorder.

Depression refers to an experience where you feel down most of the time which is called “low mood” and you have also lost interest in things you usually enjoy. You may also have changes in your sleep, appetite, feel guilty, de-motivated and generally withdraw from others.

To lead a healthy and successful life, we need to understand our brain. All the functionality of our body is nothing but a response to the electromagnetic impulse generated by our brain. When we understand our brain well then it becomes easy to cope with problems related to it.

Kailasha Foundation – Bringing Solutions To You

<<>>

Source: Healthline, Premierhealth

The post Stress, Anxiety and Depression appeared first on Kailasha Foundation.

Diplomacy and its types

Nancy Naina — Thu, 17 Jan 2019 05:30:31 +0000

In a simple and genuine way “Diplomacy is the art of letting someone have it, your way”.

The term diplomacy is derived from the ancient Greek root diplōma, composed of Diplo, meaning “folded in two,” and the suffix -ma, meaning “an object.” The folded document conferred a privilege—often a permit to travel—on the bearer. Diplomacy later became identified with international relations.

Theoretically, Diplomacy is the art and practice of conducting negotiations between representatives of states. On a societal level, diplomacy simply is the tactics of dealing with people successfully, employing legacy and skill to ensure there is no animosity

Diplomacy is the chief instrument of foreign policy. The representative of the sides or the different states are called diplomats. Diplomacy is an ancient practice of conducting negotiations. The 3,295 Years old Amarna letters in cuneiform writing on a clay tablet written between the pharaohs of the Eighteenth dynasty of Egypt and the Amurru rulers of Canaan during the 14th century BC is the evidence that it is in practice since most ancient times. Ancient India, with its kingdoms and dynasties, had a long tradition of diplomacy. The oldest treatise on statecraft and diplomacy, Arthashastra, is attributed to Kautilya.

There are several types of diplomacy, let’s have a look.

Preventive Diplomacy is the use of different diplomatic tools to prevent disputes from arising or to prevent existing disputes from escalating into violent conflicts. Preventive Diplomacy is the defining concept of future diplomacy.

Public Diplomacy is also known as People’s Diplomacy is various government-sponsored efforts aimed at communicating directly with foreign publics. Public diplomacy includes all official efforts to convince targeted sectors of foreign opinion to support or tolerate a government’-s strategic objectives.

Soft Power: According to Joseph Nye, It is the cultivation of relationships, respect, or even admiration from others in order to gain influence, as opposed to more coercive approaches.

Economic Diplomacy deals with nexus power and wealth in international affairs

Counterinsurgency diplomacy is public diplomacy carried out with military means and in tandem with the approach taken by the military.

Gunboat diplomacy is the use of conspicuous displays of military strength as a means of intimidation in order to influence others.

Migration Diplomacy is the use of diplomatic tools, processes, and procedures to manage cross-border population mobility.

Appeasement is a policy of making concessions to an aggressor in order to avoid confrontation

Nuclear diplomacy is the area of diplomacy related to preventing nuclear proliferation and nuclear war.

Diplomacy is the chief tool of foreign policy, it is used to pursue the country’s interests, to engage in international discourse, and to alleviate friction between sovereign states.

Kailasha Foundation – Bringing Solutions To You

<<>>

Data Sources: Wikipedia and Britannica.

The post Diplomacy and its types appeared first on Kailasha Foundation.

EdTech or Education Technology

Nancy Naina — Mon, 14 Jan 2019 05:30:04 +0000

EdTech is one of the most discussed topics these days. Edtech or Educational Technology is what exactly It is termed in common. From the elementary education to the education provided at Premium Universities around the globe, every single way of education which involves technology to make learning & teaching more easier and graspable comes under the circumference of EdTech or Educational Technology. In a more apprehensible way, EdTech is the use of technological processes and resources to improve education. To improve learning and pedagogy, it is technology in forms of products, apps, and tools, affecting every single stage of the educational journey.

The unchanged educational industry from the centuries has seen a revolutionary change since it encountered the techno world. Technology has changed the old & dogmatic world of education. Nowadays when everyone has a smartphone in there hand and internet connectivity is stronger and cheaper than ever, sharing of information has become easier. Involvement of technologies has helped the educators to impart education with more convenient and apprehensive way. Not more year has passed since USB, Video Lectures and other smart learning programs were beyond the understanding of common people and nowadays it has come into the reach of everyone it facilitated the education industry to grow so rapidly. The Indian education market is expected to almost double to $180 billion by 2020, buoyed by the rapid expansion of the digital learning market. A lot of digital learning firms came into existence, in spite of making education & learning more convenient and cheaper they started to exploit the market. High rates of subscription charges, products and services stretched the gap between rich & poor more wider.

The Kailasha Foundation- Fun & Learn came into being with the ambition to bridge this gap between the rich & the poor. The Kailasha foundation is a free online tutorial, career counseling & doubt solving platform. It is an initiative to help out students who are in need. An institution always determined to impart the quality of education to the students of any social or economic class.

EdTech has changed everything in the education sector, it has changed the entire concept of teaching & learning but there is one thing which won’t change ever and that is the importance of a teacher. The entire EdTech revolves around the teacher. It is the teacher who makes these technologies useful and effective for the students. EdTech is nothing but a helping hand of the educator. It can never take place of a teacher.

Indisputably EdTech is the future of education. It has made this more effective & easier. Rapidly digitization of mankind and increasing interconnectivity among people has made it EdTech accessible.

Kailasha Foundation – Bringing Solutions To You

<<>>

Data Source: Wikipedia, 100mentors

The post EdTech or Education Technology appeared first on Kailasha Foundation.

What is an Editorial?

Nancy Naina — Fri, 11 Jan 2019 14:30:39 +0000

A piece of writing or article which is written by a senior publisher or editorial staff of a newspaper or magazine is called Editorial. An editorial is an opinion piece but unlike a column in a newspaper isn’t written from a single writers personal opinion.

Instead, it is the opinion of the publication. In a more simple way, an editorial is a piece of opinion by Senior editors based on their experience and research that are not strictly news. These pieces usually show up on the dedicated page, called the editorial page, which often features letters to the editor from members of the public; the page opposite this page is called the op-ed page and frequently contains opinion pieces by writers not directly affiliated with the publication.

An editorial is often called Leading article in US or Leader in the UK. In another much broader sense “Editorial” also refers to the all the content in a journal publication.

Illustrated Editorials appear in the form of Cartoon Editorials. They typically combine artistic skill, hyperbole, and satire in order to question authority and draw attention to corruption, political violence, and other social ills. The editorials featured with often full-page photographs on a particular theme, designer, model or another single topic, with or without accompanying text are called photo editorials. Photo-Editorials are published in Fashion Journals.

There are four categories or types of editorials:

1. Editorial of Argumentation: The purpose of which is to energize readers to think the same way as the writer. This is often called editorial of persuasion. The editor argues in order to convince or persuade the reader to accept his take on the issue.

2. Editorial of Information/Interpretation- It seeks to give information on facts of news stories or add other facts with minimum explanation. It may define terms, identify persons or factors or provide background.

3. Editorial of Tribute, Praise, and Commendation: It praises, comments, or pays tribute to a person or organization that has performed some worthwhile projects or deeds, or accomplishments.

4. Editorial of Entertainment – It evokes a smile, a chuckle, laughter while suggesting truth. Its main aim is to entertain. It is usually short.

Editorial of Entertainment can be grouped in two sub-categories.

a) Humor as a vehicle to bring public awareness to an issue that’s not serious in nature.
An example – a humorous campaign targeting dog walkers who don’t pick up after their furry children.

b) Satire or sarcasm used to highlight a very serious topic e.g.: sexual assault on college campuses.

Editorials are certainly the best part of publications and are a “must read” . A keen reader never misses the editorial pages. For instance , news daily “The Hindu” , published in India is famous for its editorial section so much so that competitive exam aspirants who may/may not engulf the entire newspaper end up spending few minutes on the editorial section anyway.

Data Source: Passante, Christopher K. (2007). The Complete Idiot’s Guide to Journalism – Editorials, 4 kinds of Editorials- Sacktein’s Journalism Resources

To register into any of our free course(s), register on this link: https://goo.gl/GZL2so

Kailasha Foundation – Bringing Solutions To You

<<>>

The post What is an Editorial? appeared first on Kailasha Foundation.

What is Competitive Advantage?

Nancy Naina — Thu, 10 Jan 2019 14:30:07 +0000

Traditionally, Competitive Advantage is described as the trait of allowing an organization to outperform its rivals on the same market platform. Competitive advantages depend upon a variety of factors including structuring of costs, the product quality, branding, the distribution network, intellectual property, and customer service.

In a more simple way, Competitive Advantages are conditions which allow the productive entity to generate more sales or superior margins compared to its market competitors. When the competitive advantages are sustainable, it is difficult for the rivals to neutralize the advantage.

To create a competitive advantage, you’ve got to be clear about, firstly, What is the real benefit your product provide? You must know not only your product’s features but also its advantages how they benefit your customers. Secondly, Who are your customers? What are their needs? You’ve got to know exactly who buys from you, and how you can make their life better. Thirdly, Have you recognized your real competitors? That’s more than just similar companies or products. It includes anything else your customer could do to meet the need you can fulfill. These three determinants got to be cleared by an organization to create a competitive advantage.

The two main types of competitive advantages are comparative advantage and differential advantage.
A firm’s ability to produce a good or service more efficiently than its competitors, which leads to greater profit margins, creates a Comparative advantage. And, a Differential Advantage is when a firm’s products or services differ from its competitors’ offerings and are seen as superior.

A country can also create competitive advantage.

Why Chinese products are so cheap and at a reasonable quality level? It can do this because its standard of living is lower, so it can pay its workers less. It also fixes the value of its currency, the yuan, at a value lower than the dollar. China uses cost leadership. It’s called national competitive advantage or comparative advantage.

Data Source: Investopedia

Kailasha Foundation – Bringing Solutions To You

<<>>

[login-logout text_to_login=”Login” text_to_logout=”Logout” class=”” redirect=””]

The post What is Competitive Advantage? appeared first on Kailasha Foundation.

Read in a minute about the First non-economist RBI Governor in last 28 years

Nancy Naina — Wed, 12 Dec 2018 17:06:11 +0000

Former Economic Affairs Secretary of India Mr. Shaktikanta Das assumed the RBI Governor’s office as 25^th Governor after Dr. Urjit Patel surprisingly withdrew himself from the post. Mr. Shaktikanta Das is the first I.A.S officer to assume the RBI Governor’s office after straight 28 years since, Mr. S. Venkitaraman left the office. Shaktikanta Das is 1980 batch I.A.S officer of Tamil Nadu cadre. He was earlier a member of the 15^th Finance Commission of India.

India’s Sherpa to the G20 born in Bhuvneshwar got his M.A. degree in History from St. Stephan’s College, Delhi University. He is also an alumnus of Indian Institute of Management, Bangalore, Indian Institute of Management, Calcutta and National Institute of Banking and Management. Mr Das is the 14^th career bureaucrat including 12 IAS/ICS officers to hold the position. He has got the tenure as an RBI Governor till 2021.

He was appointed by PMO after the recommendation of the Finance Ministry. He was one of the key people involved in the execution of the demonetisation. He was question by BJP leader Subramaniam Swamy, The Economist himself for his association with former finance minister P Chitambaram in acquiring real estate in Mahabalipuram when Das was Industry Secretary in Tamil Nadu. He is in the good books of The Prime Minister.

The reason of abruptly quitting the position by Mr. Urjit Patel is unknown but all the eyes are set on Mr. Das, let’s see what his 3 year tenure brings for financial conditions of the nation.

“Every institution must maintain its professional integrity and autonomy, at the same time every institution must adhere to principles of accountability.” – Mr. Shaktikanta Das

“I believe he can engage with all the stakeholders because to my mind, many of the current issues and situations have come also because of a large gap in communication, which I am sure Mr. Das with his experience and past engagement would be able to fill in.” – S. S. Mundra, Former Deputy Governor, RBI

“The person itself doesn’t matter that much. What really matters is the process. So if you have a situation where a position as important as the governor of the RBI is filled within 24 hours of the resignation of the incumbent that will raise eyebrows. People are going to say the government must have already decided that this person is going to take over.” – Pronab Sen, Former Chief Statistician of India

Source: The Economic Times and NDTV

Kailasha Foundation – Bringing Solutions To You

<<>>

The post Read in a minute about the First non-economist RBI Governor in last 28 years appeared first on Kailasha Foundation.