http://mazharpasha.tigblog.org/ What's on the minds of young leaders from around the globe? en-us http://mazharpasha.tigblog.org/post/643077
Dust is my bed
Embraces me
And it’s my cover now
The sand surrounds me
Even behind my back
And the grave tells a darkness of my affliction
And the brightness draws a line

Dust is my bed
Embraces me
And it’s my cover now
The sand surrounds me
Even behind my back
And the grave tells a darkness of my affliction
And the brightness draws a line

Where is my family's love?
The sold my loyalty!
My loyalty!
And where is my group of friends?
They left my brotherhood!
My brotherhood!
Where is the bliss of money?
It’s behind my back now
And my name (reputation) where is it shine between praises
This is my end, dust is my bed
Dust is my bed
Embraces me
And it’s my cover now
The sand surrounds me
Even behind my back
And the grave tells a darkness of my affliction
And the brightness draws a line

And love farewells it’s longing
And my elegizing cried
And the tears went dry
After crying
And the universe became narrow and so is my space
And the grave became my ground and sky
This is my end, dust is my bed
Fears fill my estrangement
And the sadness is my illness
I expect firmness
And I swear it’s my cure
And for Allah I pray faithfully
You are my hope
Allah I desire heaven, to find bliss in it
Dust is my bed
Embraces me
And it’s my cover now
The sand surrounds me
Even behind my back
And the grave tells a darkness of my affliction
And the brightness draws a line

And for Allah I pray faithfully
You are my hope
Allah I desire heaven, to find bliss in it

And for Allah I pray faithfully
You are my hope
Allah I desire heaven, to find bliss in it

]]> Sat, 18 Apr 2009 06:14:00 EDT http://mazharpasha.tigblog.org/post/643077 17.3752778 78.474444417.375277878.4744444 http://mazharpasha.tigblog.org/post/640569 Peace of Mind: The Truth Beyond Success and Failure

It does not matter to a man of awareness whether he is successful or unsuccessful, well-known or absolutely unknown, powerful or just a nobody. To a man of awareness, these dualities don't matter at all, because awareness is the greatest treasure. When you have it, you don't want anything else. You don't want to become the president or prime minister of a country.



Those who pursue power suffer even in success - they live in the eternal fear that they might lose it. At first they suffered because they were not successful; now after being successful, too, they are suffering because of a feeling of insecurity.

]]> Wed, 15 Apr 2009 09:53:00 EDT http://mazharpasha.tigblog.org/post/640569 17.3752778 78.474444417.375277878.4744444 http://mazharpasha.tigblog.org/post/487453 INDIA IS OF FOUR FORCES
ARMY,NAVY, AIR FORCE POLICE
INDIA DOESNT WANT ANY NEW FORCES, IT DOESN’T HELP ANY FORM.
NO COMMUNAL FORCES, NO RELIGION FORCES, NO MINORITY GROUPS NO POLITICAL FORCES

MY PLEDGE : SAVE PEOPLE, SAVE INDIA
]]> Fri, 26 Sep 2008 14:10:00 EDT http://mazharpasha.tigblog.org/post/487453 17.3752778 78.474444417.375277878.4744444 http://mazharpasha.tigblog.org/post/487435 I LOVE MY COUNTRY
ALL INDIANS ARE MY BROTHERS SISTERS.
MY PLEDGE : SAVE PEOPLE SAVE INDIA !]]> Fri, 26 Sep 2008 14:06:00 EDT http://mazharpasha.tigblog.org/post/487435 17.3752778 78.474444417.375277878.4744444 http://mazharpasha.tigblog.org/post/379463
1. Cadbury Flake. Girl eating a Flake in bath.

2. Levi’s. Strip in a 50-style launderette.

3. Diet Coke. Builder thrills female office workers.

4. DG Light Blue. Model posing in tiny white trunks.

5. Gold Blend. The coffee-borrowing saga.

6. Boddingtons. Melanie Sykes and hunks.

7. Wrigley’s Gum. Couple share a US bus journey.

8. Aero. Jason Lewis’s bubbles talk in just a towel.

9. Levi’s. Man emerges out of lake wearing jeans.

10. Lacoste Pour Homme. Naked man in his flat.

11. Timotei. Blonde washing her hair under waterfall.

12. Renault Megane. People shaking their bottoms.

13. Levi’s. Brad Pitt frolics with brunette.

14. Virgin Mobile. Christina Aguilera’s chair bouncing.

15. Lynx. Man is captured by cavewomen.

16. Impulse ID. Art class model gets aroused.

17. Christian Dior. Woman strips in the house.

18. Marks and Spencer’s 2006 Christmas food.

19. Herbal Essences. Blonde moans with pleasure when shampooing.

20. Davidoff Cool Water. Actor jumps off cliff.

]]> Thu, 29 May 2008 08:43:00 EDT http://mazharpasha.tigblog.org/post/379463 17.3752778 78.474444417.375277878.4744444 http://mazharpasha.tigblog.org/post/318115 BOOK : HONEY IN THE HOLY QURAN

AUTHOR : MOHAMMED SIDDIQ


Many religious scriptures have extolled the virtues of honey but it was in the holy Quran that Allah (S.W.T) has explicitly stated 1400 years ago that there is healing in the liquid coming out of the bodies of the honey bee. This book “Honey In The Holy Quran” is in fact a scientific commentary of the last two lines mentioned in the Verse 69 of Surah Al Nahl (16)

“---- there issues from within thee bodies a drink of varying colours,
Wherein is healing for men.”

The author has presented in meticulous detail the results of in-vitro and animal studies, clinical case studies and randomized placebo controlled trials establishing the efficacy of honey in the treatment of various problems.

Apart from giving information regarding the nutritive value and physio-chemical properties of honey, its use in the treatment of wounds, burns, gastrointestinal problems, eye problems, its antibacterial, antifungal properties etc have been dealt with in detail.

In short this is a comprehensive record of all its medicinal properties.

The book is available @
Price : Rs. 250/- in India.
U.S $ 10 (Outside India- including A/F charges).

Amount to be sent in the name of the author in the form of demand draft/bankers cheque at the following address:

8-2-703/5, Road No. 12. Banjara Hills, Hyderabad – 500 034. A.P. India.

About the author:

He is a Science Graduate from Osmania University and did his post graduation in Environmental Management from University of Hyderabad. Has written several research papers which got published in reputed national and international Journals. He has also authored the following books:

Vetiveria zizanioides A Miracle Grass from Antiquity.
Medico-botany and Mythology of Vedic Plants.
Vedic Plants – Medicinal and Other Uses.
At present he is the Assistant Director of Green Foundation (NGO) , Hyderabad.
]]> Sun, 30 Dec 2007 05:29:00 EST http://mazharpasha.tigblog.org/post/318115 17.3752778 78.474444417.375277878.4744444 http://mazharpasha.tigblog.org/post/300573
~ Wayne Dyer
]]> Mon, 03 Dec 2007 03:31:00 EST http://mazharpasha.tigblog.org/post/300573 17.3752778 78.474444417.375277878.4744444 http://mazharpasha.tigblog.org/post/274367
Ever since the colonization of the lands and the spread of Western concepts and ideologies in the world, thinkers seemed to have preoccupied in exploring and analyzing the alien ideologies.

History bears witness to the fact that during the period of absolute monarchies in the West, people badly required some ideology to fight against the absolute monarchs. They found in democracy a good weapon for them to fight against absolute monarchs and form their own government based on the consent of the people. They were quite successful in their attempt since absolute monarchies slowly transformed into constitutional monarchies and then into representative democracies

Democracy in the West being originated from the economic regeneration of European societies is secular and materialistic by its very nature. It mainly caters to the material life of a society leaving the spiritual aspect altogether. Consequently, democracy in the West tends to move away from moral and ethical values. This secularist and materialistic orientation of Western democracy is totally rejected by many people.
In such state of affairs, can democracies work for the good and the wider interest of the people, if the rulers in democracies follow Machiavellian doctrine-ends justify the means? Does not it mean that in such conditions, democracy would turn into a government of the bad people, by the bad people for the good and bad people? It implies that there is a great risk of democracy degenerating into what we prefer to call as ‘democracy,’ rule of the demons. As monarchy may degenerate into “tyranny” if a monarch becomes a tyrant, so also democracy may degenerate into “democracy” if the people who are in power turn out to be the demons. Hence, the most important factor for a good government seems to be the supremacy of good over bad and this is possible if those who are in power are good and aim at the establishment of good.
One of the solutions to the above discussed problem is good “leadership” for a good government lies in good education. Such an education should be provided in the state that can produce good rulers so that they can make good laws representing “good will” not the “bad will”. Obviously, such an education should not be God-secluded, rather God-centred. Nothing much can be expected from state-controlled secular education that is imparted to the young generation in secular democracies. Education which is devoid of God cannot bring forth God-loving and God-fearing leaders who can strive to give God a central place in laws, politics and society.

]]> Fri, 02 Nov 2007 08:07:00 EDT http://mazharpasha.tigblog.org/post/274367 17.3752778 78.474444417.375277878.4744444 http://mazharpasha.tigblog.org/post/238201 Now, a new trend shows how off shoring is beginning to go mainstream, moving beyond companies into a regular marketplace, and thereby touching the upper- and middle-class alike. globo serve, a global research and analytics services firm, calls it person-to-person off shoring (PPO), which is showing a compound annual growth rate of over 26 per cent.
PPO consists of those services that can be off shored by (to take one instance) entrepreneurs who are trying to bootstrap their business as efficiently as possible. The value proposition of receiving such services at a significantly lower cost and just in time is clearly irresistible, thus helping off shoring strike deeper root.
The offerings being used by small businesses and home businesses under such services range from live homework assistance over the web to essay-writing guidance. Even invitation cards for weddings and other parties, and personal secretarial services like scheduling appointments and maintaining calendars, personal financial matters, business analysis, personal interests, skill set exposure, Legal services, banking, project placement, asset management, vaults for placing secure documents are now being outsourced to high net worth individuals professionals who work from their homes in low-wage countries, often with just a broadband connection as investment.
Though each PPO contract is often of low value, usually between $1000 and $50000, the large number of end consumers involved means that the total addressable market in the internationally exceeds $200 billion.
While PPO makes rapid strides, two factors may play spoilsport. The first is data confidentiality, which is a matter of enormous concern in the West. Some of the services being provided in the PPO domain are pretty basic helping someone write out a sum, or graphic services and confidentiality is not a big issue here.

But in several other services, India less than perfect track record in maintaining data confidentiality may prove to be a drag. The other issue is quality control. Experts like Steve of Globo serve say that online marketplaces like Guru, Elance, Rentacoder, etc can play a fruitful role here. They are successful because they have a mechanism for mediating between a vendor and a client, where the desired service level is indeed provided by the vendor.
Research estimates that there are currently more than 90 online marketplaces on the World Wide Web, and it projects that there are over 500,000 vendors and freelance professionals who are providing these services from low-wage countries. In the online marketplace model, vendors providing PPO services enroll themselves in an online marketplace by paying a monthly subscription fee plus a fixed percentage of the revenue if they win the project.
When an individual client posts his or her requirements for a new project, the marketplace communicates these opportunities to the selected vendors and freelancers and requests proposals to be delivered to the client. The client then awards the work to the appropriate vendor, depending on price (which may be on a per hour or a fixed cost basis), delivery time and a quality score provided by other clients who have been served by the same vendor.
The result is that outsourcing is indeed becoming a people’s project, and acquiring a range and depth that no one had anticipated when BPO first took off.

]]> Tue, 31 Jul 2007 09:27:00 EDT http://mazharpasha.tigblog.org/post/238201 17.3752778 78.474444417.375277878.4744444 http://mazharpasha.tigblog.org/post/238205
What inspires me?
Inspiration is the greatest gift because it opens your life to many new possibilities. Each day becomes more meaningful and your life is enhanced when your actions are guided by what inspires you.
Those who have faith and do righteous deeds, they are the best of creatures. The above line inspires me a lot and also said righteously, “You will never win fame and fortune unless you invent big ideas.” The people who are living after death inspire me. When your heart speaks to you about what you need to do to sustain life on this planet, listen to it, make a difference, and be an inspiration for generations to come. Life is such that all of us come into the world as individuals with individual challenges, which, I think are meant to make us stronger and wiser.
An issue that matters to me and how I became aware and involved.
As we celebrate a new millennium of human history, it is crucial to re-examine where we've been and where we're going. At the very least, the vulnerability, interdependence and complexity of our present world demands that we rigorously investigate our shared humanity and common destiny. We human beings are social creatures. We naturally seek friends and companionship and with few exceptions we dislike solitude. At least we can mitigate our violence. At least we still have strong families and religious beliefs to hold us together. But the violence of Washington, Afghanistan, Iraq, Palestine or any other which is victim of super powers. We have no idea of how you will solve it. Perhaps it is the eyes of refugees that move you; perhaps it is humankind's legacy of violence and greed; perhaps it is some purely personal experience.
Violence and weapons can never resolve the problems of man.
I share my perspectives on what makes a good leader.
A leader is the one who will shape the future. A Leader is the one who will dream a wild thought that transforms into better lives. A Leader is the one who will lead next revolutions.
- Mazhar pasha

]]> Tue, 31 Jul 2007 09:27:00 EDT http://mazharpasha.tigblog.org/post/238205 17.3752778 78.474444417.375277878.4744444 http://mazharpasha.tigblog.org/post/228779 If we were to find some scribbles on a piece of paper, and ask what they mean, then we would be asking what the person who made the scribbles meant them to signify. Scribbles only mean something if they were made for a reason. If we found out that the scribbles were just drawn at random then we would cease to look for meaning in them. Random scribbles don’t mean anything.

The same is true of life; it only makes sense to ask "What is the meaning of life?" if we believe that life was created for a reason. If life simply evolved on Earth by accident, if we just happen to be here, then life cannot have any meaning. Life can only have meaning if it was created for a purpose. If there is no Creator, then there can be no meaning of life.

Of course, people can try to find meaning in life without believing in a Creator. We can set ourselves goals—wealth, fame, helping others—and decide to devote our lives to achieving them. If we do this, then in some sense our lives seem to become about achieving wealth, or fame, or whatever, to take on that meaning. It seems possible to impose meaning on life through our own decisions and desires.

Indeed, most people who ask "What is the meaning of life?" really mean something like "What goals should we set ourselves?"

There is a misunderstanding here, however; meaning cannot be imposed on life through our decisions and desires. The attempt to impose meaning on a life that would otherwise be devoid of meaning fails

Either life has intrinsic meaning, or it doesn't.

If life has intrinsic meaning, then the goals have already been set and there is nothing we can do to change them.

-anonymous]]> Sun, 08 Jul 2007 06:26:00 EDT http://mazharpasha.tigblog.org/post/228779 17.3752778 78.474444417.375277878.4744444 http://mazharpasha.tigblog.org/post/194733

Hot Job Recruitment Procedures, HR policies.


Your employees are your most valuable resource, You have to realize that human resources is key to meeting your needs today and achieving your planned growth tomorrow, If you look at the factors of production, you need labor, material and equipment to achieve productivity. In the roofing industry, labor is key. Ask yourself 'How can I make their jobs easier, safer and more productive? ' to improve productivity."

Without a strategic plan to recruit, train and retain, roofing businesses pay the price of high turnover. These costs come in many forms:
 Increased advertising and recruiting costs.
 Time spent interviewing and doing administrative paperwork.
 Pre-employment testing, orientation and training costs.
 Purchasing new tools, equipment and uniforms.
 A reduction in productivity while new employees scales the learning curve.
 Decreased job quality and rework costs.
 A loss of experience and the investment you had made in training.
 Plus, other direct and indirect costs

Make human resources a strategic issue, target recruiting efforts, and offer competitive salary and benefits. Provide careers, not jobs, convert crews into teams, and provide individual growth opportunities, don’t get trouble by loosing your trained experienced employees.

Job seekers have never had it so good. From software to manufacturing, every one is adding as many warm bodies as it can, making 2007 a landmark year in terms of job creation. Even through corporate India is faced with short-term pressures of rising input costs, high interests rates and potential slowdown in demand, employment forecast for both manufacturing and service sectors has never been this strong. Getting good employee is very tough, going through proper strategies for recruitment will workout for perfect employment. Interviewing can be a tedious and stressful time. Which questions should you ask, which ones are appropriate? Are you going to pick the right person for the position? Below is a list of the top few interview questions hiring managers find most effective. These inquiries range from basic to complex and give descriptions of what the question accomplishes. Some of the questions are very straightforward and some are tricky ones that bring out the candidate’s personality and behavior without directly asking them.


What circumstance brings you here today?
This is one of the best opening questions ever. This open-ended question surprises many candidates. If they do not respond quickly, just sit quietly and wait for the response. Some candidates reveal problems with their current employer, potential insubordination, and both positive or negative character traits.

How would your best friend describe you?
In most cases, the response to this question indicates how the candidate wants you to feel friends perceive them. Take notes on the response and then ask, “May I call your best friend and see how they describe you?” You may or may not be interested in talking to the best friend. However, the response and body language after the follow-up question can indicate if you received a truthful response. I suggest asking this question near the beginning of the interview. It helps you get truthful responses for the rest of your time with the candidate.

What would you say are your 2 greatest weaknesses?
This question reveals the candidate’s ability to identify the need for personal improvement. The best responses include a plan on how the candidate is addressing the weakness. Some candidates also do an effective job turning their weakness into a positive, which indicates the candidate has good alternative thinking or good sales skills. Watch out for candidates who are unaware or will not admit that they have weaknesses.

How do you alleviate stress?
Every job has stress. So if someone says they are not stressed or claim to not do anything about it, then they are either lying or they do not know how to control it. Look for positive activities or hobbies, rather than substance use or dangerous activities as stress relievers.

What are your short and long term goals?
The response to this question usually reveals if the candidate has personal or professional goals. If they do not have a quick response, it may indicate they do not plan ahead. I especially like responses which indicate drive, planning and good work/life balance. You may also need to ask for more details about certain goals to gain insight into whether or not the employee intends to stay for awhile or just gain a little experience and move on. Consider asking the follow-up question, “What are 3
goals that you have achieved in the past year?

What type of work environment do you prefer?
When choosing potential employees, it is helpful to know what type of environment in which they prefer to work. If the company is very professional and usually quiet, someone who likes a loud casual environment might not be the best fit. It is sometimes good to hire someone who does not fit the mold, but it is usually best to hire people who fit your work environment.

What is your typical way of dealing with conflict?
As with stress, conflicts are something we deal with frequently. Conflicts may range from differences with a supervisor, to differing lunch preferences. Most employers look for someone who can deal with an issue without getting frustrated. Either asks for a real-life example or builds a hypothetical scenario and ask how they would handle the conflict. Some managers, who prefer a more confrontational interview style, intentionally create conflict and stress in the interview to see how the candidate responds.

What tools or habits do you use to keep organized?
Instead of asking are you an organized person, this makes the interviewee prove and describe their organizational skills. Most hiring managers expect that their employees have some type of system to stay organized. Whether it is using a planner, or electronic calendar, these tools confirm that the potential employee is reliable and responsible.

Tell me about a time when you had to go above and beyond to get a job done.
This is an excellent question that lets a potential employee really sell him or herself. In doing so, the hiring manager can see what type of person they are really interviewing. They can also measure how out of the way this candidate had to go in order to complete their duty. This gives a clearer picture about the work ethic of the potential employee.

What was a major obstacle you were able to overcome in the past year?
Problem solving is the major topic covered by this question. What kind of thinker is this candidate? Can they do projects on their own or does their manager need to hold their hand. It also confirms how determined they can be toward a project.

In what ways do you raise the bar for yourself and others around you?
This question gives the interviewer an idea of who is and is not an above average performer. It also demonstrates leadership potential and the willingness to be a team player.
Tell me about two memorable projects, one success and one failure. To what do you attribute the success and failure?
Asking this question helps determine the candidate’s ability to learn from successes and failures.

What unique experience or qualifications separate you from other candidates?
Some candidates have interesting characteristics and experiences that will not be exposed without asking a question like this.

Where do you see yourself in five years?
Save this question for the end of the interview. A good response should be consistent and defined when you asked about short and long term goals. Beware of candidates who plan to be the same position five years from now.


* CMD, ATW GROUP, INDIA.
]]> Tue, 01 May 2007 07:27:00 EDT http://mazharpasha.tigblog.org/post/194733 17.3752778 78.474444417.375277878.4744444 http://mazharpasha.tigblog.org/post/191569
-- ANONYMOUS]]> Fri, 27 Apr 2007 01:07:00 EDT http://mazharpasha.tigblog.org/post/191569 17.3752778 78.474444417.375277878.4744444 http://mazharpasha.tigblog.org/post/165831 Sat, 10 Mar 2007 01:58:00 EST http://mazharpasha.tigblog.org/post/165831 17.3752778 78.474444417.375277878.4744444 http://mazharpasha.tigblog.org/post/165441
Globalization, advances in information technology and deregulation of the financial sector in emerging market economies have brought the issue of financial stability to the forefront of public policy. Several episodes of financial fragility that have occurred in the latter half of the 1990s across the globe, which entailed enormous costs for the financial system of several countries, have further underlined the need for a safe and sound financial sector. Traditionally, it is believed that monetary stability leads to financial stability. While there are complementarities between these two objectives in the long run, the relationship can be very different in the short-run. In this regard, a stable macroeconomic environment can often downplay the risks posed to the financial system. Accordingly, episodes of financial instability often follow periods of protracted macroeconomic booms.

Financial stability refers to the smooth functioning of financial markets and institutions without experiencing any serious disruption. The relevant legal, institutional and policy frameworks are varied and policy instruments at the disposal of the authorities are wide ranging. In a way, the financial stability objective is shared with a set of public policy bodies and professional bodies. However, the primary responsibility for overall financial sector efficiency and stability generally rests with the monetary authority ñ the central bank. The reasons for such a responsibility are the major functions that a modern central bank Perform, besides maintaining monetary stability, viz., and issuer of currency and lender of the last resort. Some central banks are also responsible for the oversight of the financial infrastructure, Particularly the payment systems, and crisis management. Historically, central banks have been concerned with both price stability and financial stability. However, in view of the recent episodes of turmoil and the realization that financial stability and macroeconomic stability are mutually reinforcing in the process of economic development, central banks have begun to bestow a more focused attention to the objective of maintaining financial stability. This is in recognition of the weakness in the financial system that triggered recent episodes of economic crises. As a result, central banks have included financial stability as one of their core functions, although differences persist at a more fundamental level on the degree of activism that central banks should adopt in pursuing this objective.

The basic factors affecting financial stability are the rapid pace of technological innovation across the globe, increasing diversity of financial instruments and the emergence of a large number of financial conglomerates, cutting across not only various financial sectors, but also across countries. The role of financial intermediaries is also getting redefined with their ability to effectively compete by appropriate transformation of risk. Further, the source of financial disturbances has become more unpredictable mainly due to integration of financial markets across national boundaries, thereby exacerbating the possibility of contagion. The progressive dismantling of capital controls since the 1990s has led to substantial cross-border capital flows and volatile exchange rates. Sharp movements in exchange rates can have an adverse impact, particularly in emerging market economies, and can be a potential source of instability.



Globalization entails several challenges for financial stability. First, although globalization has led to productivity gains for the world economy, it has also been a source of some episodes of financial instability. These crises indicated that rapid movements of capital could be detrimental to economies with weak institutional frameworks. Second, the institutional backdrop has become more complex over the past twenty years as the hedge fund industry, which is relatively opaque in operation, has significantly grown in size. Such a large industry carries the risk of herd behavior and with high concentration of assets; this could clearly pose a threat to financial stability. Third, risk bearers are of two categories: (i) institutional, in the form of insurers or re-insurers; and (ii) the household sector. The re-insurers are a bit opaque with regard to the composition of their balance sheets and their risk exposures, while there are some concerns about the leverage that exists on household’s balance sheets.

Going by the experience of Latin American countries, the trigger points of financial instability were: (i) a boom in credit to the private sector; (ii) wholesale liberalization in the absence of an appropriate and effective prudential regulatory framework; (iii) direct effects of fiscal pressures on the domestic banking system; (iv) contagion and spillovers where a crisis in one country impacts other countries; (v) terms of trade shocks and movements in real exchange rates ; and (vi) political instability, unrest, and in some cases, civil conflict. In this regard, deficiencies in key economic and social infrastructure are some of the factors that increased financial vulnerability in these countries. These include: (a) inappropriate and ineffective prudential regulation and supervision; (b) inefficacy of bank intervention and resolution; (c) policy-induced distortions such as administered interest rates and weak government finances; (e) inadequate accounting practices, property rights and corporate governance; and (f) lack of institutional framework and adequate provisions, especially in the legal system.

The importance of financial stability emanates from four major trends in the financial systems, which have become evident in recent years. These are: (i) an imbalance of growth between the financial sector and the real economy; (ii) a change in the mode of financial operations due to financial deepening (credit/debit cards, etc.); (iii) emergence of a globally integrated financial system; and (iv) an evolution of sophisticated financial instruments and attendant risks. Consequently, the sources of crises have multiplied, necessitating the coordination of a number of authorities; both within and outside the country Central banks pursue a multifaceted approach for ensuring financial stability. This includes: (i) payments system oversight; clearly pose a threat to financial stability. Third, risk bearers are of two categories: (i) institutional, in the form of insurers or re-insurers; and (ii) the household sector. The re-insurers are a bit opaque with regard to the composition of their balance sheets and their risk exposures, while there are some concerns about the leverage that exists on household’s balance sheets.

Risks from Global Financial Imbalances

Large and growing global financial imbalances have generally been perceived as constituting a significant threat to global financial system stability. The most fundamental imbalance in the world economy relates to the saving propensities among the major countries. On the one extreme, the United States has a very low savings rate, which is about 10 per cent of GDP in 2005, on the other extreme stands China with a very high savings rate reaching about 50 per cent of its GDP. Hence, with such diversity among national savings rates, the current accounts of the various countries reveal a high degree of imbalance. Large surplus savings in many Asian countries has facilitated the financing of the US current account deficit of around 6.5-7.0 per cent. In this regard, the significant capital inflows needed to finance US current account deficits have emanated from such surplus economies, especially China and Japan, and, more recently, by several oil-exporting countries, which have benefited from revenue windfalls due to a surge in international oil prices. India, like many other emerging market economies, could be adversely affected by the sudden unwinding of global financial imbalances. However, the impact could be different on different sectors such as the government, the corporate sector and the banking system First, the Government of India does not raise resources from the international capital markets to finance its fiscal deficit. The Government could, however, be affected indirectly through the spillover impact of external developments on domestic interest rates. To the extent there is a rise in domestic interest rates, there could be an increase in the cost of borrowings undertaken by the Government. However, since most of the outstanding debt is at fixed rates and not on floating rates, the rise in the borrowing cost of the Government will be incremental and, therefore, will not have a significant impact on the interest burden.

Non-Banking Financial Companies

The Reserve Bank continued its efforts to strengthen the non-banking financial companies. The periodicity of returns on important financial parameters of NBFCs not accepting/holding public deposits and having an asset size of Rs.500 crore or above was changed in September 2005 from quarterly to monthly to facilitate a macro level assessment of large non-deposit taking companies at more frequent intervals. The threshold asset size of such companies was also reduced from ëRs.500 crore and above to Rs.100 crore and above to widen the coverage.

Financial Markets

A stable financial system requires sound financial institutions, well-functioning financial markets and robust financial infrastructure. Operations and performance of commercial banks, co-operative banks and non-banking financial institutions during 2005-06 have been detailed in Chapter 3, 4 and 5, respectively. This and the following section analyze the developments in the financial markets and the payment and settlement systems in India during 2005-06 from the point of view of financial stability. Financial markets play an important role in allocating resources in an efficient manner. They also facilitate the price discovery process in financial instruments and are the conduit of transmitting policy signals to the real economy. Financial markets offer a mechanism of diversifying risk within the financial system. Volatile movements in financial markets have serious implications for macroeconomic performance. Hence, stability in the financial markets is an important pre-requisite for the stability of the financial system.


Payment and Settlement Systems

The smooth functioning of the payment and settlement system is a pre-requisite for financial stability. Any assessment of financial stability, therefore, needs to be examined from the perspective of the functioning of the payment and settlement systems. In this context, large-value payments, which involve systemic risk, are particularly important as they link various financial institutions through intra-locking of claims. Any glut arising out of transaction failure in one leg of the financial system could trigger off a chain of successive failures, which could pose a serious systemic risk to the stability of the financial system has been the endeavor of the Reserve Bank to reduce the risks associated with payment and settlement systems. The Reserve Bank, therefore, has taken several measures from time to time to develop the payment and settlement system along sound lines. The initiatives taken during 2005-06 relate to: (i) enhancing usage of
the real time gross settlement system (RTGS) system; (ii) providing incentives and guidelines for reducing transaction costs associated with payment system dependent on technology: (iii) improving legal infrastructure for the payment system; (iv) introducing nationwide payment system for retail payment; (v) improving international remittance services; and (vi) facilitating newer channels of payment and settlement.
The Board for Regulation and Supervision of Payment and Settlement Systems (BPSS), set up in March 2005, as a committee of the Central Board of the Reserve Bank, is the apex body for giving policy direction in the area of payment and settlement systems. The BPSS gave important policy directions/decisions including: (i) setting target for usage of the RTGS system; (ii) publishing a list of frequently asked questions (FAQ) on payment systems; (iii) publishing the charges levied by banks for electronic payment systems; (iv) setting up of an umbrella organization for all retail payment systems in the country; (v) finalizing the Payment and Settlement Systems Bill; and (vi) preparing the Electronic Funds Transfer Regulations under the Reserve Bank of India Act. With introduction of RTGS, whereby a final settlement of individual inter-bank fund transfers is effected on a gross real time basis during the processing day, a major source of systemic risk in the financial system has been reduced substantially. RTGS transactions, both in terms of volume and value, have increased sharply in a short span of its operation. The use of Electronic Clearing Service (ECS), both debit and credit, has been on the increase. The reach of ECS has increased, which is now available at 65 centers. In November 2005, banks were advised to develop appropriate delivery channels of electronic payment services using the payment systems developed by the Reserve Bank such as RTGS, ECS, Electronic Fund Transfer (EFT), and National Electronic Fund Transfer (NEFT) with no further delay. In order to start a robust state-of-the-art nationwide ECS covering more branches and locations with centralized data submission system, banks (including co-operative banks) were advised to furnish certain information indicating their level of preparedness for the project as on June 27, 2006. To take the effort further, all banks were directed on July 4, 2006 to initiate steps for incorporating an appropriate mandate management routine for handling ECS (Debit) transactions.

Risks to Financial Stability

The Annual Policy Statement of the Reserve Bank in April 2006 warned of three key risks from global developments for India and other emerging market economies. These are: (a) potential escalation and volatility in international crude oil prices; (b) hardening of international interest rates along with uncertainty about the future course of monetary policy; and (c) disorderly unwinding of the global imbalances. In addition, the turnaround in the credit cycle brought about by rising international interest rates in advanced economies could also pose a risk to financial stability. If any of the above risks materialize, global financial market conditions could react in a way that could increase the risks to financial stability. In particular, concerns have been raised about the potential for liquidity to emerge in credit markets in emerging market economies such as India. The volatility in international financial markets would also spill over to the domestic financial markets. This section examines the main sources of risks that could affect financial stability in India in the near future. It needs to be noted that drawing attention to sources of risk for financial stability differs from seeking to identify the most Probable outcome.

- By Mazhar pasha
ATW, INDIA.
Note: Financial Stability opinion/article is prepared taking RBI policies, Payment Systems Settlement methods, Oil prices, and other international financial factors.
]]> Wed, 07 Mar 2007 05:48:00 EST http://mazharpasha.tigblog.org/post/165441 17.3752778 78.474444417.375277878.4744444 http://mazharpasha.tigblog.org/post/163533 There are two basic reasons to do your online currency trading with FOREX. First and foremost, FOREX trading is done to make a profit. Depending on the market, a bank, corporation, or individual can make a windfall profit through FOREX trading. Another reason to do currency trading is to get into a secured position by eliminating trading risks arising from foreign exchange rate movement. In other words, FOREX online trading can help a bank, corporation, or individual to weather changes in foreign exchange rates by already having the foreign currency they need on hand.
FOREX is unique in terms of trading exchanges. Rather than the typical exchange like Wall Street or the Tokyo Exchange, FOREX is an entirely digital foreign currency exchange system. The rate of foreign exchange changes so quickly that traders must be able to react to market shifts within seconds. Online FOREX trading makes this possible by eliminating the classic stockbroker. Rather than trading telephone calls and trying to catch a great deal by shouting and waving papers, FOREX trading is accomplished with a touch of a button on the computer.
The ease of online FOREX trading appeals to many, both businesses and individuals alike. All the information one needs to get started with FOREX trading is available online. FOREX exchange rates are continually updated on many websites. It is simple to buy one currency when it is low and sell it when it is high. However, what goes up can also come down, and new traders on the FOREX online markets must be prepared for losses. Still, despite the risks, more and more people are participating in online FOREX trading every day.
Keeping updated with the world market is the best way to prevent losses with currency trading. Learning which countries are experiencing economic growth or recession is essential to make the best currency trading decisions. It is always good to invest in currency from nations who are experiencing growth. Likewise, avoiding countries that are historically unstable or are experiencing war or international economic sanctions is only wise. FOREX online trading is not for everyone, but with some knowledge and skill, it can be very lucrative.
Mazhar Pasha
ATW FOREX
HYDERABAD, INDIA.
]]> Mon, 26 Feb 2007 07:56:00 EST http://mazharpasha.tigblog.org/post/163533 17.3752778 78.474444417.375277878.4744444 http://mazharpasha.tigblog.org/post/163379
Identity theft is becoming an increasingly used buzzword in today's high tech world of online banking and bill paying, and with the advent of services like Payment Gateways, Visa Transfers, Paypal, Emoneygram and shopping cart etc.
We hear about identity theft in the news all the time, and we think we very well may be at risk, but we're not sure what to do to help prevent it. Well, there are some things you can do that are very simple that will help prevent you from ever becoming a victim of this potentially disastrous crime.
Unfortunately, even though identity theft is a crime, that still doesn't scare thieves away from billing millions of dollars of year from unsuspecting, hard working people like you and I. It's not something that any of us want to deal with, but it is prudent to exercise caution whenever possible to reduce your risk.
At this point, we may all have a story about a friend, acquaintance, or family member who was an unwitting victim of some form of identity theft, and the good thing is, these bring the reality closer to home, and have made more people aware that is a growing problem. There are a few types of identity theft, and I'm sure there are even more than I am listing here that not a whole lot of people are aware of.
The types of identity theft are:
1.) When one's personal information is stolen from their person, such as a wallet with credit cards and other identity revealing financially negotiable instruments.
2.) Something called "phishing" where bogus emails are sent from a scam artist claiming to be a bank or some other type of financial institution, claiming they need you to "sign in" and provide personal information that can allow them to filter money from your account, or charge purchases to a credit card.
3.) Mail related identity theft is where a thief can either intercept your mail and get your personal information or even fill out a change of address form for you so they may receive your mail and do with it what they please.
4.) Internet fraud through unsecured websites when you provide credit card or personal information, a thief may be able to hack sites that are not secured and gain your personal information, or even infect your computer with a virus which hijacks personal information.
5. Card Cloning, thieves can able to clone your debit or credit easily if they have your credit card information or credit/debit cards through card writers which are easily available in the technology market.
Number of clone card incidents is happening in India, last years AP police has caught 4 Malaysian persons who were caught while shopping with clone cards, articles worth INR 20 Lacks were recovered from them.
Many students who were working in international hotels abroad are picking up cards making clone cards sending to India and like wise country for card use. The original may know about till he gets billed.
Like I said, the 5 mentioned above are probably not even the tip of the iceberg when it comes to identity theft, but they are the main categories of ways that these savvy and increasingly sophisticated scam artists are getting away with stealing money from people. So, what can you do to help prevent being a victim of these types of identity theft? Well, the good thing is, there are several ways you can help reduce your risk.
First and foremost, make sure you do not ever respond to an email that is requesting you to log in somewhere to verify your information, even if it appears to be from a company you do business with on a regular basis. Spammers skilled in the art of "phishing" are very adept at making these emails look like the real deal, and unfortunately many people have been duped into disclosing important personal information.
What you can do to help combat this problem is visit the company's official website on your own, not through any links in the email of course, and report this suspicious email to them. Most large companies have measures in place to protect their clients, and they want to be aware of any bogus emails going out to people with their trusted name attached.
There are also large efforts in the making to prevent these types of emails from coming through to your email inbox, and instead going to your spam bulk file, making them more identifiable as a potential security threat, and also reducing the likelihood that one will be defrauded by them.
I saw an improvement in this, but just recently, my inbox has been inundated with Spam emails requesting personal information, so it seems the scam artists have found a loophole and are taking advantage, although it may not last long.
Another important prevention measure is to not only be aware of bogus emails, but also to make sure any website that asks for credit card information for a purchase has a security seal of approval. These secured sites usually will have some sort of symbol that they are secured by Verisign or another online security system that signifies it should be safe to pay with. If the site looks fishy, stay clear.
Whenever you receive mail that has credit card information, or is a solicitation for a credit card offer, make sure you tear it up into pieces. Another scam to gain access to your credit or accounts is for thieves to go through your garbage and fill out your credit card offers with a change of address, get the new credit card mailed to them, and start using it to make purchases. Also, it is wise to always have up to date virus protection on your computer, as some viruses are designed to hijack your personal and credit information.
When making purchases with credit or debit cards in any retail establishments, if your credit card number prints on the receipt that they keep, ask to scribble out the whole thing.
Workers or other people may have access to your credit card information, or have just enough information to make online or over the phone purchases with your credit, and this is yet another way your identity can be stolen for the financial benefit of thieves.
While this list of measure you can take to help prevent identity theft is not all inclusive, it is a good start to ensuring your security and making sure your hard earned money stays in your pocket only. They are good principles to live by in this day and age of online banking and financing.
Apart from the above precautious measures and banking regulations, every local Govt need to establish a depart which takes care of fraudulent credit card payments, which amounting very large amount than any other payment process.
- by mazhar pasha
ATW, Hyderabad.

]]> Sat, 24 Feb 2007 08:20:00 EST http://mazharpasha.tigblog.org/post/163379 17.3752778 78.474444417.375277878.4744444 http://mazharpasha.tigblog.org/post/163363
Forgot yourself by becoming interested in others.
Every day do a good deed that will put a smile of a joy on someone's face.
]]> Sat, 24 Feb 2007 04:21:00 EST http://mazharpasha.tigblog.org/post/163363 17.3752778 78.474444417.375277878.4744444 http://mazharpasha.tigblog.org/post/163361
Yes, I take time and work, but experts are pretty unanimous on this one. In monogamy Myth, Ms. Peggy estimates that 60 percent of husbands and 40 percent of wives will have an affair at some point in their marriage. That’s no advertisement for straying—but the new is good for couples hoping to recover from devastating breaches of trust. The offended partner needs to make the choice to forgive- and learn to live with memory that can’t simply be erased. In fidelity is never forgotten, but it can gradually fade into the murky background of a strong, mature marriage. Disagreements over money are a leading cause of divorcee, so experts advice lots work around this issue, If financially speaking, you’ve found your self married to your opposite.
]]> Sat, 24 Feb 2007 04:13:00 EST http://mazharpasha.tigblog.org/post/163361 17.3752778 78.474444417.375277878.4744444 http://mazharpasha.tigblog.org/post/163213
If a person lives with criticism, he learns to condemn
If a person lives with praise, he learns to appreciate
If a person lives with Hostile, he learns to fight.
If a person lives with tolerance, he learns to be patient
If a person lives with ridicule, he learns to be shy
If a person lives with encouragement, he learns confidence.
If a person lives with shame, he learns to feel guilty
If a person lives with approval, he learns to like himself
If a person lives with fairness, he learns justice.
If a person lives with security, he learns to have faith.
If a person lives with acceptance and friendship.
He learns to find love in the world.




]]> Fri, 23 Feb 2007 01:47:00 EST http://mazharpasha.tigblog.org/post/163213 17.3752778 78.474444417.375277878.4744444 http://mazharpasha.tigblog.org/post/162927
In the dark of night rope is mistaken for a snake.
The rope does not really become snake.
It has no other reality than the rope itself.
In the same way this universe has no real existence.
]]> Wed, 21 Feb 2007 01:11:00 EST http://mazharpasha.tigblog.org/post/162927 17.3752778 78.474444417.375277878.4744444 http://mazharpasha.tigblog.org/post/162515 Mon, 19 Feb 2007 03:30:00 EST http://mazharpasha.tigblog.org/post/162515 17.3752778 78.474444417.375277878.4744444 http://mazharpasha.tigblog.org/post/162511
- by mazhar pasha]]> Mon, 19 Feb 2007 03:25:00 EST http://mazharpasha.tigblog.org/post/162511 17.3752778 78.474444417.375277878.4744444 http://mazharpasha.tigblog.org/post/162509 Mon, 19 Feb 2007 03:20:00 EST http://mazharpasha.tigblog.org/post/162509 17.3752778 78.474444417.375277878.4744444 http://mazharpasha.tigblog.org/post/162507 Alwasy happy, Always peaceful, Always free.

-by swami sctchidananda
bought to you
- by mazhar pasha]]> Mon, 19 Feb 2007 03:09:00 EST http://mazharpasha.tigblog.org/post/162507 17.3752778 78.474444417.375277878.4744444