General Knowledge

What’s Happening in UEFA Champions League?

Today, the Uefa Champion’s League semi-final draw took place at Uefa headquarters in Myon, Switzerland. For the fourth straight year, the bitter Madrid rivals have been drawn against each other. Both the teams were finalists in 2014 and 2016 and also faced one another in the 2015. The Madrid derby is a repeat of two of the last three finals, both won by Real in dramatic circumstances: they prevailed on penalties in 2016, while Atletico were moments away from winning the 2014 edition, before Real came back to claim the trophy in extra-time with the famous Sergio Ramos header in the 93rd minute. The Whites will play the first leg of the tie at home on the 2nd of May, and the return leg will take place at the Vicente Calderón on the 10th of the same month.
Read Madrid have made it to the semi-final at the cost of Bayern Munich in an aggregate victory of 6-3 with Cristiano Ronaldo scoring a hat-trick in the return leg when Real Madrid needed it the most. Ronaldo had gone on the biggest goal drought of his career in the Champions League before the tie with Bayern Munich where he scored five over the two legs. The second leg was marred with controversial refereeing but none of that matters to Real Madrid who made it to the semi-final for record 7th time in a row.
Atletico Madrid qualified for the semi-finals by overcoming Leicester (1-0 in the first leg and 1-1 in England), having previously seen off Bayer Leverkusen in the last-sixteen. In the group stages, they finished top of the pile, getting the better of Bayern Munich, PSV and Rostov. With 5 goals so far, Griezmann is their leading scorer in the competition.
In the other draw it would be Monaco vs. Juventus. Monaco and Juve have faced each other at this stage of the competition before, in 1998. Monaco won the first leg 3-2, with Thierry Henry scoring one of the goals for the French side, but Juve came back to win the second leg 4-1, thanks to an Alessandro del Piero hat-trick, thus securing their passage to the final 6-4 on aggregate. The first legs will be played on May 2/3, with the second scheduled for May 9/10.

Unconventional Entreprenuers Around The World

Entreprenuer, the word always gives the idea of all those hard working buinessmen or business women, who after getting relevant degrees from the top notch Bschools venture into their own businesses. While there are some successful entreprenuers  who never went to any Bschool, they are just driven by their seer passion and became a brand. Let us read about some of those unconventional entreprenuers.

1.Tucker Max

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Tucker Max

Born to a restaurant owner in Florida, Max grew up in Kentucky and graduated from Blaire Academy in 1995 where he was voted the “most egotistical”. He went on to attend the University of Chicago & Duke Law School. He started his career with The Definitive Book of Pick-Up Lines (2001). His two best sellers Assholes finish first and I Hope They Serve Beer in Hell, later became movies. Max also co-founded an online company called Rudius Media and released a book with Dr. Miller called Mate: Become the Man Women Want in September 2015.

 

2.Dr. Dre

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Dr.Dre

Parents of Dr. Dre the rap pioneer were both singers. He had consistently low grades in school as his heart was always in making music. He got his first chance to work the turntables at an L.A. nightclub called Eve After Dark where the persona of rap star Dr. Dre was born. He tasted major success with his rap group N.W.A. The Chronic, which was his first solo album became a huge hit. Before co-founding the well-known Beats Electronic and selling it to Apple, Dre also started Aftermath entertainment and signed 50 cent and Eminem to his label.

3.Seth Godin

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Seth Godin

Seth Godin is an American author, public speaker, entrepreneur, and marketer who was born in New York in July,1960. A few years after completing his MBA in Marketing from Stanford, Seth founded the Seth Godin Productions. He later co-founded Yoyodyn which he sold to Yahoo in 1998 for $30 Million and became Yahoo’s VP of Direct Marketing. Till April, 2014 Seth had authored 17 books. He founded altMBA in 2015 which uses various digital tools to engage with more than 100 students in 27 countries for a super intense 4-week process.

 

Success Story: Food King CEO – Sarathbabu Elumalai

4.Ishita Gupta

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Ishita Gupta

While on her way to attend Medical school to become a doctor, Ishita Gupta decided to change her path to listen to the entrepreneur within. She studied documentary photography, made a short film on a Nobel Prize winner. She later applied and got into the Seth Godin MBA program, post finishing which she helped Seth launch his book Linchpin: Are You Indispensable? She became the Head of Media at Domino (Founded by Seth) and helped launch 6 bestselling books. She now publishes Fearless Magazine and runs her own consulting business.

5.Sophia Amoruso

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Sophia Amoruso

Sophia started selling vintage women’s clothing in 2006 when she was just 22 yrs old. She was a community college dropout and was working at an art school, living in her step-aunt’s home at that time. She started her website Nasty Gal in 2004 and quit her job to devote full-time to her startup. She has no Marketing team and is still one of the fastest growing retailers in the country and uses the power of social media to grow her user base. In 2011 alone Nasty Girl had a total revenue of $28 million. Nasty Girl has raised over @49 million is Venture Capital.

 

Skill

SKILL INDIA- CAMPAIGN TO TRAIN THE UNSKILLED

Skill India was established for the reason of training the unskilled workers and giving them a secured employment. It was also launched with the objective of improving the potential of Indian workers . This has been helpful to the poor and underprivileged because they get the benefit of employment.

Approved for another four years (2016-2020) to benefit 10 million youth.

Individuals with prior learning experience or skills will also be assessed and certified under Recognition of Prior Learning (RPL). Under this Scheme, Training and Assessment fees are completely paid by the Government.

Key Components of the Scheme:

  • Short Term Training:

The Short-Term Training is expected to benefit candidates of Indian nationality who are either school/college dropouts or unemployed. Duration of the training varies per job role, ranging between 150 and 300 hours. Upon successful completion of their assessment, candidates shall be provided placement assistance by Training Partners (TPs). The entire training and assessment fees are paid by the Government.

  • Recognition of Prior Learning:

Individuals with prior learning experience or skills shall be assessed and certified under the Recognition of Prior Learning (RPL) component of the Scheme. RPL aims to align the competencies of the unregulated workforce of the country

  • Special Project:

 Special Projects are projects that require some deviation from the terms and conditions of Short Term Training under Skill India for any stakeholder.

  • Kaushal and Rozgar Mela:

Social and community mobilization is extremely critical for the success of Skill India. Active participation of the community ensures transparency and accountability, and helps in leveraging the cumulative knowledge of the community for better functioning.

  • Placement Guidelines:

They make sure that the knowledge and skill learned by the workforce is put in use by creating employment opportunities and demands in the market. Efforts are made to provide placement opportunities to candidates, trained and certified under the Scheme.

 

  • Monitoring Guidelines :

It is seen to it that ambitious standards of quality are maintained and Inspection Agencies shall use various methodologies, such as self-audit reporting, call validations, surprise visits, and monitoring through the Skills Development Management System (SDMS). These methodologies shall be enhanced with the engagement of latest technologies.

Check out:MAKE IN INDIA

The scheme will be implemented through the National Skill Development Corporation (NSDC).

Enterprise Resource Planning

MASTER OF ENTERPRISE RESOURCE PLANNING MANAGEMENT

Enterprise Resource planning (ERP) management  is a course that helps student learn about SAP ERP business processes  across Financial Accounting, Human Resources, Materials Management and Sales & Distribution and learn how to design, configure and perform business transactions related to these modules on SAP ERP system.

ERP uses integrated applications to manage important operations, to support all functions conducted in the organization such as Sales & Marketing, Finance & Accounting, Production, Procurement & Supply Chain.

Learn more about Enterprise Resource Planning: ERP-WHAT IS ENTERPRISE RESOURCE PLANNING?

Students gain practical experience in designing SAP Enterprise structure, configuring basic SAP ERP transactions. After the course, students may get employed as ERP Business Analyst in ERP Consulting Organizations or Enterprises using ERP Systems.

This course helps  students gain knowledge and increase their potential/ capability of being successful in ERP. After finishing this course, students should be able to understand business processes across various functions of an enterprise and how to implement and maintain a SAP ERP system, considering the business context of the enterprise.

This course comprises of following modules with integrated mix of technical, organizational communication and problem solving components:

  1. The Information Systems Professional (BCO6672)
  2. Business Research Methods (BMO6630)
  3. Enterprise Resource Planning Systems  (BCO6603)
  4. Business Process Engineering (BCO5501)
  5. Organisation Change Management (BMO6624)
  6. Enterprise Resource Planning Systems Implementation (BCO5651)
  7. Applications Programming Techniques (BCO5647)
  8. Business Research Project (BGP7730)
  9. Computerised Accounting in an ERP System (BAO6714)
  10. Human Resource Information Systems (BMO5565)
  11. IS Project ( JES005)
  12. Elective (Choose 1):

i) Material Management (JES0001)

ii) Sales & Distribution (JES002)

iii) Customer Relationship Management (BCO6604)

Following are the certificates that students receive after completing their course in Enterprise Resource Planning Management:

  • SAP Alliance Certificate : BCO6603 Enterprise Resource Planning Systems
  • SAP Alliance Certificate : BCO5501 Business Process Engineering
  • SAP Alliance Certificate : BCO5651 Enterprise Resource Planning Systems Implementation
  • SAP Alliance Certificate : BCO5647 Applications Programming Techniques
  • SAP Alliance Certificate : BAO6714 Computerised Accounting in an ERP System
  • SAP Alliance Certificate : BMO5565 Human Resource Information Systems

CONCLUSION:

To conclude, this course is going to be an additional factor in increasing a students skill in being an ERP business analyst. They can also achieve a successful career as companies are seeking ERP business analyst thus making it a career which is in high demand.

ERP

ERP-WHAT IS ENTERPRISE RESOURCE PLANNING?

Enterprise resource planning is a software that uses integrated applications to manage important operations, to support all functions conducted in the organization such as Sales & Marketing, Finance & Accounting, Production, Procurement & Supply Chain. This enables the departments of the organization to be connected. ERP application is used by both large businesses and small businesses.

There are various ERP modules and vendors. Some of the modules are product planning, material purchasing, inventory control, marketing, finance and HR. Businesses combine modules to manage back-office activities. Improving accuracy of financial data, better project planning, employee life-cycle and many more.

 

The vendors for large business ERPs are SAP and Oracle who are the biggest followed by Epicor, Infor and Microsoft. There are various ERP trends such as mobile, cloud, social and two-tier ERPs.

 

FEATURES:

  1. CRM:

Helps to maintain good relations with the customers and provide services by helping them to clear their and queries. Maintains proper growth of the business.

  1. Monetary Management(Finance):

Enables to decrease the documentation process and maintain the financial records.

  1. Customization:

ERP applications with customization facility is an important feature as business workflow changes from time to time.

  1. Supplier and Purchase order management:

The supply chain and production modules are integrated with the purchase module.

  1. Human Resource:

Seen as one of the most key features, it helps the organization to track the time taken, performance of the employees among various other things.

  1. Manufacturing:

It includes various functions like controlling the sales and distribution plan, Production schedule and many more.

HOW IS IT USEFUL IN THE MARKET/COMPANIES?

ERP is a very useful tool. It helps bring accuracy, consistency, and all the data/information is managed in a systematic manner. Moreover, the feature of the application which is to keep the departments and various functions of the organization integrated is the most beneficial characteristic.

Also READ: MASTER OF ENTERPRISE RESOURCE PLANNING MANAGEMENT

ADVANTAGES:

  1. Increased Productivity
  2. Managing day to day activity made easy
  3. Improved Decision Making
  4. Reduced Operation Cost
  5. Security
  6. Better Workflow
  7. Visibility

DISADVANTAGES:

  1. Cost of Planning
  2. Time-consuming Projects.
  3. Difficult to use
  4. Measuring cost/payback is difficult.

 

NEED AND IMPORTANCE:

  • Saving Money
  • Better Analytics
  • Improved Productivity
  • Flexibility
  • Consistency
  • Accuracy
  • Efficient
  • Standard Procedures
  • Improve Quality of the business.

 

CONCLUSION:

We can conclude by saying that enterprise resource planning is an application that helps the business run smoothly while managing all the functions at the same time which also explains the time-consuming factor. The ERP professionals are then too high in demand for their ability bring accuracy and a stable workflow in the organization/business.

 

Hike: The Indian Unicorn of Messaging Apps, Ventures Into Payments Platforms

Hike likely to roll out payments platform before Whatsapp

Hike Messenger is set to launch a payments mechanism on its app that will be linked to the government-backed unified payments interface (UPI), a move that can make the messaging app the first in India to have the capability ahead of peers such as WhatsApp.  Hike messenger is yet to make money. It will only start making money by 2018, perhaps 2020 as stated by its founder Kavin Bharti Mittal. The 28-year old is sun of Sunil Bharti Mittal, the founder of Bharti Airtel.

The home-bred messaging app, which raised $175 million last year from Tencent and Foxconn, valuing the company at $1.4 billion, may launch peer-to-peer payments within the app and provide a platform for making digital transactions such as recharges for mobile phone subscriptions, people aware of the company’s plans.

The app is holding talks with an Indian bank to support the back end of the payments service, it will look at integrating payments into the app and making the messenger a platform for making purchases from the app, a model which has a lot of resemblance with WeChat, the Chinese super-app backed by Tencent.

By launching payments, Hike would become the closest competitor to Facebook-owned Whatsapp, which is planning to launch payments in India in the next six months.The largest messaging app in the world, which considers India as its biggest market with over 200 million users, may also introduce payments based on UPI and BHIM (Bharat Interface for Money).

The service may be one of several new features that it may add, learning from WeChat and QQ chat apps. Both WeChat and QQ that have over 1 billion and 800 million users respectively in China, allow user.

DIGITAL

DIGITAL INDIA: DIGITALLY EMPOWERED SOCIETY

The campaign of Digital India was started or launched on the basis of empowering the society. Changing the working of ecosystem of public services with the help of technology. When e-Governance was not able to create a strong impact that was when digital India came into the picture. The program was launched by Prime Minister Narendra Modi on ‎1 July 2015. It was brought into action when it was felt necessary that e-Governance needed a push to increase inclusive growth which includes electronic services, products, devices and job opportunities.

“We want to have one mission and target: Take the nation forward- Digitally and Economically.”- PM Narendra Modi.

The campaign focuses on three main objectives:

  1. Digital Infrastructure as a core utility to every citizen: Availability of high speed internet as a core utility for delivery of services to citizens. To give identity that is unique, lifelong, online and authentic to every citizen. Mobile phone & bank account that allows citizen participation in digital & financial space. Easy access to a Common Service Centre. Shareable private space on a public cloud.Safe and secure cyber-space.
  2. Governance and Services on Demand:  Integrated services across departments or jurisdictions. Availability of services in real time from online & mobile platforms.  Digitally transformed services for improving ease of doing business. Making financial transactions electronic & cashless.
  3. Digital Empowerment of citizens:  Citizens not required to physically submit Govt. documents / certificates

The campaign has also launched various initiatives to help the citizens.:

  • Digi Locker
  • MyGov.in
  • e-Sign Framework
  • Swach Bharat Mission mobile app.
  • National Scholarship Portal
  • e-Hospital
  • Digitalize India Platform
  • Bharat Net
  • Wi-fi Hotspots
  • 10 Next Generation Network
  • Electronics development fund
  • Centre of excellence on Internet of Things.

What are the advantages of this campaign ?

The main advantages of this campaign is that it will help the rural population of India. It will empower them to use the services. The government will be able to offer their services to the public online. The identification will be done digitally. An advantage to both large and small enterprises. Increase jobs, reduction in maintaining documents. It can be accessed all over the world.

What are the disadvantages?

The disadvantages are simple…will it be safe? how will the rural population manage if they face some problem? what about the vendors? and many other general questions .

Read more current affairs related articles here: /2017/04/18/initiative-makeinindia/

CONCLUSION:

This campaign is definitely going to help in increasing our economy, but if not taken care of the problems that come with this program can hamper the progress. Rural population will be at advantage but they have to be informed about the ways to use the online platform.

 

Mother of all bombs

The GBU-43/B Massive Ordnance Air Blast (MOAB also called the Mother of All Bombs) is a large-yield bomb, developed for the United States armed forces of the Air Force Research Laboratory. It weighs 8,480 kg’s and is 9.189m in length and has a diameter of 1 meter. It is the largest-ever satellite-guided, air-delivered weapon in the history.

At the time of development, it was touted as the most powerful non-nuclear weapon in the American arsenal. The first operational usage of the MOAB was during the 13 April 2017 airstrike against Islamic State of Iraq and Syria militants in Afghanistan. The blast-yield of this bomb is equal to 11 tons of TNT.  

What was the MOAB intended for?

The MOAB is a specially designed Air Force weapon that has been in the arms stockpile for over 10 years. It is intended to hit milder targets, for example, surface offices, burrow passageways and troop fixations. It is a concussive bomb, which means it is intended to explode before it hits the ground. Its thin aluminum skin boosts its impact sweep and produce a shockwave.

How is the MOAB carried?

The MOAB is dropped off from the payload slope of a Hercules C-130 transport plane with its plunge hindered by parachute. This implies it can be conveyed from a more noteworthy tallness, along these lines offering pilots more opportunity to achieve wellbeing.

What is the Pentagon’s view on the MOAB?

In the Pentagon’s 2003 audit of the legitimateness of utilizing the MOAB, it was presumed that it couldn’t be called an aimless executioner under the Law of Armed Conflict.

“In spite of the fact that the MOAB weapon leaves a huge impression, it is separate and requires a consider propelling toward the objective,” the survey said. It included, “It is normal that the weapon will have a generous mental impact on the individuals who witness its utilization.”

To check the Cockpit video of the blast visit:

https://www.theguardian.com/world/video/2017/apr/14/cockpit-video-moab-strike-afghanistan-video-report

initiative

INITIATIVE THAT CHANGED EVERYTHING.

Initiative Make In India was launched by the Prime Minister in the year 2014 with a view to increase nation-build products. It was found to make India into a global design and manufacturing hub. It was in the year 2013 that the need for Make in India increased because of the problems faced by the Indian Economy.

India was seen by the world as one of the ‘Fragile Five’ because India’s growth rate had fallen to its lowest level . It was assumed for the worst . The country was on the edge of severe economic failure.

Make in India initiative was launched by Prime Minister because of this crisis, and it soon started becoming the talk of India’s various stakeholders and partners. The initiative started creating a mark among India’s citizens and business leaders, it gave a reason for partners and investors around the world. Make in India is basically to change the way industries and businesses work. A change of authority to business partners, keeping with Prime Minister’s opinion of ‘Minimum Government, Maximum Governance’.

They were looking for a strategy that inspires people. A campaign which was not like those which went for newspaper advertisements. But wanted to portray confidence and show the capability and potential of India.

The Make in India is done with the help of partners. DIPP helped to start the process. Union Ministers, Secretaries to the Government of India and many others were also partners in this process. An action-plan was made for the next three years on December 2014 by the Secretaries to the Government of India, and industry leaders. Their plan was to increase 25% of the GDP by 2020.

Thus, making this whole initiative the most largest in the recent times. Showing the transformation power of public and private partnership, a hallmark had also been formed.

In a some time, the problems faced in the past have been replaced with a transparent and user-friendly system. The Railways, Defence, Insurance and Medical Devices have shown progress in turn helping the FDI.

A workshop titled “Make in India – Sectorial perspective & initiatives” was conducted on 29th December, 2014 under which an action plan for 1 year and 3 years has been prepared to boost investments in 25 sectors.

An Investor Facilitation Cell (IFC) dedicated for the Make in India campaign was formed in September 2014 with an objective to assist investors in seeking regulatory approvals, hand-holding services through the pre-investment phase, execution and after-care support.

The Indian embassies and consulates have also been told to spread information on the potential for investment in the identified sectors. DIPP has set up a team to check  investment proposals from Japan, the team known as ‘Japan Plus’ has been started w.e.f October 2014.

Similarly ‘Korea Plus’, launched in June 2016, checks for investment proposals from South Korea and offers support to Korean companies wishing to enter the Indian market. Various sectors have been opened up for investments like Defence, Railways, Space, etc. Also, the regulatory policies have been relaxed to facilitate investments and ease of doing business.

Six industrial corridors are being developed across various regions of the country. Industrial Cities will also come up along these corridors. Today, India’s credibility is stronger than ever. There is visible momentum, energy and optimism.

Make in India is opening investment doors. Multiple enterprises are adopting its mantra. The world’s largest democracy is well on its way to becoming the world’s most powerful economy.

Check Out: STARTUP INDIA- FROM NOTHING TO SOMETHING

CONCLUSION:

Make in India has managed to create a positive impact on all the sectors and thus helped in improving the economic growth of the company. It is still in the process helping and changing the way of getting things done. Also, creating wider scope for building products and industries in the country.

Startup

STARTUP INDIA- FROM NOTHING TO SOMETHING

Aspiring entrepreneurs before 16th January 2016 were frustrated, did not have an idea what should be done next to gain investors. That’s where STARTUP India came into in the picture.

The idea of this program was to appreciate the young talents, their ideas, innovation in some cases invention. To help them to bring out their best. By providing one thing that would make it possible. INVESTORS. Startup India is a program that judges, analyzes and evaluates the potential of a startup. It can be from any sector. But there are certain norms, such as:

  1. The organization should be less then 5 years old.
  2. Which has an annual turnover of less than 25crores.

This program/initiative is a way to increase job creation and reduce the problem of unemployment. Also, to encourage entrepreneurship. It was first announced by Prime Minister Narendra Modi in his 15 August 2015 address from the Red Fort. The initiative focuses on certain points.

  • Single Window Clearance even with the help of a mobile application
  • 10,000 crore fund of funds
  • 80% reduction in patent registration fee
  • Modified and more friendly Bankruptcy Code to ensure 90-day exit window
  • Freedom from mystifying inspections for 3 years
  • Freedom from Capital Gain Tax for 3 years
  • Freedom from tax in profits for 3 years
  • Eliminating red tape
  • Self-certification compliance
  • Innovation hub under Atal Innovation Mission
  • Starting with 5 lakh schools to target 10 lakh children for innovation program
  • new schemes to provide IPR protection to start-ups and new firms
  • encourage entrepreneurship.
  • Stand India across the world as a start-up hub

Inaugurated by Finance minister Arun Jaitley, there were many top CEO’s and startup founders and investors present. The Ministry of Human Resource Development and the Department of Science and Technology have taken up and partnered to set up 75 hubs in support of this program.

Karnataka, Kerala, Andhra Pradesh and Telangana  have results better than the rest of the country in terms of their support. Their focus has been on improving infrastructure, especially in the Tier-II cities. Bengaluru , a metro city of Karnataka, is known as the Silicon Valley of India. Kerala is well known for the government’s startup policy. Telangana , Andhra Pradesh , Madhya Pradesh , Rajasthan, Orissa are the other states you have managed to give raving support to this program.

The program has managed to give a boost of confidence to not only the young entrepreneurs but also the young women entrepreneurs as well. The women have been given lot of benefits through which they can work and earn for their family.

5 things know before launching startup- Check out for more information.

CONCLUSION:

Startup India has turned out to be a blessing in disguise for the young and ambitious entrepreneurs who have wanted to make their dreams come true. It has also showed them a way to get things started. This program has been able to increase the trust and morale of the ones you are planning to be entrepreneurs.