Recruitment of Junior Associates
Recruitment of Junior Associates (Customer Support & Sales) By State Bank of India. Online Registration From 07.09.2022 to 27.09.2022 Therefore, to download the form please click on the above download button…
THE VALUE OF TIME
THE VALUE OF TIME Money lost can be retrieved, Love lost can be reconciled, respect lost can be recognized but there is no remedy for the time lost. Time once lost cannot be recalled or relived under any circumstance; hence we see that loss of time is the biggest and non-recoverable loss. So let’s understand the value of time. “Time is a storm in which we all are lost”. View of Jayanta Majumder (Director of MIES Institute) Competitive exam study for different Govt. The job exam is most essential for established the career of every Govt. Job seekers. Being the Course Director of the MIES Institute, I feel that it is very necessary to grow the awareness to the society people as till today there is no alternative to Govt. Job in our country for a secure and peaceful life. In today’s digital world, time is the most valuable thing mankind can spend in his or her rat-race life. We all are running up to show off to others that how bigger, wealthiest and flamboyant we are against the others, and for that we all are not show calculative to what really we have achieved or what justice we had done with our own precious life which is gifted by the Almighty God. The value of time is not usually understood by people when they have it, it is realized only after it is lost, most people do not give due importance to today, tomorrow is given more importance. ‘I shall do it tomorrow’ is a very common statement even though everybody knows that tomorrow never comes. Time Management is the RAT to Catch Do theRight thingAt the rightTime The simplest way to manage your time well is to follow the principle of RAT, i.e.Do the Right thing At the right time. It is said that the ‘Sun has stood still but time never did’ and ‘time is never the same’. So if you do not do your work in the time you will not complete it in time. If you do not grab opportunities in time they will never come again. Now you may say that sometimes it is difficult to diagnose the right time to do work because time is not specified and doing it tomorrow and doing it today fetch the same result. Yes, it may, but don’t you think it is important that the outcome or the result is delayed by one day! Secondly, it may have its harmful effects on your personality in the long run, you may develop the habit of PROCRASTINATION. Hence the best way of using your time is to follow the principle of : D I NDo It Now DIN in Hindi means day i.e. by following this policy you will bring broad daylight in your personal and professional life. I have mentioned PROCRASTINATION in big capital letters just one paragraph before; this is because this is one thing, which one must beware of. Some people develop the habit of procrastination because they feel that delaying things for a little while does not make much of a difference, because the same outcome can be achieved even after a slight delay. They may even give an excuse that this gives them more time to think and plan out the things properly. This does not mean that you should not take time out to plan the things, but the optimum time taken to plan the things should only be permitted otherwise the extra time taken is just wasted. Habitual delayers must be aware of the consequence of delay which is well explained by the term DELAY itself: D – Delayed E – Execution L – Leads to A – Anguish and Y – Yelling You may very well understand that an assignment that is delayed may cause some sort of loss to your senior and is going to cause yelling which may be harmful to you in your career as well. The importance of time can be further understood by a simple mathematical example. An hour’s more work daily will add five years to your working life. This can be demonstrated by the following calculation: No. of years of working life 40 years No. of working days in a year(Excluding holidays) 312 days No. of working hours in a day 8 hours No. of working days in 40 years 312 × 40 12480 Add one hour to every working day 12480 hours No. of working hours in 1 year 312 × 8 2496 hrs No. of additional working hours 12480 No. of working hours 1 year 12480 / 5 years 2496 I am sure you can understand the importance of additional five years in your working life. These 5 years will distinguish you from others and bring about better success in your career. What if you waste one hour daily of your working life? Surely, you are going to reduce your working life for 5 years. Now, what if you waste 1 hour per assignment by delaying it by just one hour? You will further reduce your working life! maybe by several years.Hence, if we just put our life into a different calculation with Time Value, then it will be a much more meaningful life that a human can lead. Best Competitive Tutorial in West Bengal A privilege to introduce a write up from one of the Top competitive institutes in Kolkata. An informative article on the VALUE OF TIME is been written by the Course Director of one of the Best competitive institutes in West Bengal, Mr. Jayanta Kumar Majumder. He had always tried to penetrate through the welfare of society and always thrives for the betterment of humankind in society. MIES Institute is one of the Best Competitive Tutorial in West Bengal, for Govt. Job exams preparation. Thousands of students appeared in Govt. service exam from MIES every year and got Govt. service maximum of them. As per the student’s version, MIES Institute is one of the best coachings for
Money Market
Money Market Financial Market Money Market / Financial market is the market that facilitates the transfer of funds between investors/ lenders and borrowers/ users. The financial market may be defined as ‘a transmission mechanism between investors (or lenders) and the borrowers (or users) through which transfer of funds is facilitated’. It consists of individual investors, financial institutions, and other intermediaries who are linked by a formal trading rule and communication network for trading the various financial assets and credit instruments. It deals in financial instruments (like bills of exchange, shares, debentures, bonds, etc). Classification of financial markets Money market / Markets for short term funds: Financial instruments traded in them mature in less than a year Capital markets / Markets for long term funds: Financial instruments traded in them mature in more than a year. Instruments of Money market Or Sub Markets of Money market Cash Management Bills (CMBs) — These are short term bills issued by central government to meet its immediate cash needs. The bills are issued by the RBI on behalf of the government. Hence the CMBs are short-term money market instruments that help the government to meet its temporary cash flow mismatches. Following are the features of CMBs. CMBs have a maturity of less than 91 days. The CMBs have the generic character of Treasury Bills as the CMBs are issued at a discount and redeemed at face value at maturity. For example, if the face value of a CMB is Rs 100, we can get the bill at Rs 97 and at the end of the maturity date, say 60 after days, we can get Rs 100. Here, there is no interest payment as the maturity period is so small. But the return for buying CMB is obtained in the form of a discount. The tenure or maturity, notified amount (how much total CMBs to be issued) and date of issue of the CMBs depends upon the temporary cash requirement of the Government. CMBs are eligible as SLR securities. Investment in CMBs is also recognized as an eligible investment in Government securities by banks for SLR purpose under Section 24 of the Banking Regulation Act, 1949. CMBs are issued first on May 12, 2010. The purpose of the mechanism is to enable the government to get short term money. Ways and Means Advances (WMA). Under WMA, the RBI gives temporary loan facilities to the centre and state governments as a banker to government for upto 90 days. Call money market (CMM) — The market where overnight (one day) loans can be availed by banks to meet liquidity. Banks who seeks to avail liquidity approaches the call market as borrowers and the ones who have excess liquidity participate there as lenders. The CMM is functional from Monday to Friday. Banks can access CMM to meet their reserve requirements (CRR and SLR) or to cover a sudden shortfall in cash on any particular day. Effectively, the Call Money Market is the main market oriented mechanism to meet the liquidity requirements of banks. Notice money market The call money is usually availed for one day. If the bank needs funds for more days, it can avail money through notice market. Here, the loan is provided from two days to fourteen days. Participants Participants in the call money market are Scheduled commercial banks (excluding RRBs), co-operative banks (other than Land Development Banks) and Primary Dealers (PDs) [ i.e A primary dealer is a bank or other financial institution that has been approved to trade securities with a national government ] are permitted to participate in call/ notice money market both as borrowers and lenders. As per the new regulations, Payment Banks are also allowed to participate in CMM as both lenders and borrowers. Banks are the dominant participants in the CMM and hence it is often known as interbank call money market. Surplus banks will give loans to other banks. Deficit banks that need funds will purchase it. * Functioning of the Call Money Market Loans are availed through auction/negotiation. The auction is made on interest rate. Highest bidder (who is ready to give higher interest rate) can avail the loan. Average interest rate in the call market is called call rate. This call money rate is an important variable for the RBI to assess the liquidity situation in the economy. The CMM is known as the most sensitive segment of the financial system. Treasury Bill ( TB ) — When the government is going to the financial market to raise money, it can do it by issuing two types of debt instruments – treasury bills and government bonds. Treasury bills are issued when the government need money for a shorter period while bonds are issued when it need debt for more than say five years. Treasury bills; generally shortened as T-bills, have a maximum maturity of a 364 days. Hence, they are categorized as money market instruments (money market deals with funds with a maturity of less than one year). Treasury bills are presently issued in three maturities, namely, 91 days, 182 days, and 364 days. Treasury bills pay no interest Moreover, treasury bills are zero-coupon securities and pay no interest. Rather, they are issued at a discount (at a reduced amount) and redeemed (given back money) at the face value at maturity. For example, a 91 day Treasury bill of Rs.100/- (face value) may be issued at say Rs. 98.20, that is, at a discount of say, Rs.1.80 and would be redeemed at the face value of Rs.100/-. This means that you can get a hundred-rupee treasury bill at a lower price and can get Rupees hundred at maturity. The return to the investors is the difference between the maturity value or the face value (that is Rs.100) and the issue price. The Reserve Bank of India conducts auctions usually every Wednesday to issue T-bills. The rational is that since their maturity is lower, it is more convenient to avoid intra period interest payments. Treasury bills