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Prosperity is a great teacher; adversity a greater! |
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Written by Suchitra Singh
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During the pleasant times anybody and everybody can do well but those who surpass the hard knocks should be praised. Creativity and innovativeness are factors of competitive advantage that cannot be easily replicated. But they should be updated on a continuous basis. The most profitable time to foster the talents is when calamities cause the most gifted people to worry about their present and future. This saying that “Prosperity is a great teacher; adversity a greater,” is as genuine and pertinent today as it was years ago.
During The recent time the greatest economic calamity which the world faced was the recession during the latter years of this decade. Much can be drawn out from this crisis which would help us in understanding the primary causes and factors which lead to and aggravated this crisis. A recession is a decline in a country's gross domestic product (GDP) growth rate for two or more consecutive quarters of a year.
The beginning of the disaster started due to American banks sanctioning housing loans to sub- prime borrowers. Who are sub-prime borrowers? They are people who have already defaulted in paying back the loans and were given least rating by the credit rating agencies of America. In spite of knowing their ratings, American banks granted them loans in order to earn more interest and American government allowed them to do so in order to get praise for enhancing the standard of living of its citizens. Let alone making profits, the banks could not even the principal amount. |
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Delhi sweeps streets of beggars as India prepares for Commonwealth Games |
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Written by harshit mishra
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The three
women were at a bus stop when the police rolled up. "You are begging,
get in the van," the officers told them. They protested their innocence,
but to no avail.
After
they were locked up in beggars' prison behind the high, barbed-wire-topped
walls of the Nirmal Chhaya complex, next door to Delhi's Tihar jail,
50-year-old Ratnabai Kale twice tried to hang herself with her own sari.
Capital stumbles
towards the starting line for next year's Commonwealth Games, draconian
orders have gone out to clear the streets of beggars. Teams of police,
backed by mobile courtrooms, are roaming the city, dispensing summary
justice to those whose faces don't fit. There are an estimated 60,000
beggars on Delhi's streets – many estimates put the figure much higher
– and tens of thousands more people who live rough on roadside scraps
of land.
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Written by Suchitra Singh
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Corporate World: profit making, resource management, capital, income, expenditure, stake holders, collaborations, meeting, contracts, inventions, production, innovation…
It is an unusually usual world where every corporate strives to be in pace with rapidly changing circumstances. But in this run to be the best, to contribute and survive in ‘this’ world we forget that ‘this’ world resides in ‘the’ world.
In this world exist Corporate Social Responsibilities also known as Sustainable Responsible Business ensures that business would embrace responsibilities for the impact of their activities on the environment, consumers, employees, community, stakeholders and other members of public sphere.
Corporate take resources (be it material or human), consumers, capital, profit etc. from society and CSR is a way they can give back to the society. CSR is an approach to make the corporate have a perspective longer and broader then their own immediate short term profit. CSR makes one touch not just profit but people, planet, profit all together.
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