HENCY R SHAH AND ASSOCIATES

Can 70-hour workweeks be possible in India? Can 70-hour workweeks be possible in India? Infosys founder N.R. Narayana Murthy recently suggested that India’s youth should work 70 hours a week if the country wants to compete with economies that have made tremendous progress in the past two to three decades. Murthy’s suggestion has sparked a debate in India, with some people supporting it and others opposing it. Those who support Murthy’s suggestion argue that India needs to improve its work productivity in order to compete with other countries. They point to the fact that India’s work productivity is one of the lowest in the world. On the one hand, there are some who believe that working 70 hours a week is necessary for India to achieve its economic goals. According to the World Bank, India’s labor productivity was only 18.7% of the United States’ in 2021. This is due to a number of factors, including poor infrastructure, lack of skilled workers, and inefficient work practices. They ...

  Bob World Fraud: A wake-up call for the banking industry A recent fraud at Bank of Baroda's Bob World app has raised concerns about the security of digital banking platforms in India. According to a report by Al Jazeera, bank employees linked unauthorized mobile numbers to customer accounts in order to onboard them onto the app without their consent. These unauthorized mobile numbers included those of bank staff, managers, guards, their relatives, and bank agents in remote areas. The fraudsters then used these unauthorized mobile numbers to access customer accounts and steal money. An internal audit by Bank of Baroda revealed that the fraudsters had stolen Rs 22 lakh from 362 customers. This fraud is a wake-up call for bank customers in India. It is important to be aware of the risks associated with digital banking and to take steps to protect your accounts. Here are a few tips: Be careful about sharing your personal information. Do not share your bank account details, mobil...

🌟 Embracing Navratri: 9 Lessons for Professional 🌟 Certainly, here are nine valuable lessons from Navratri that professionals in various fields can apply to their careers: 1. Dedication and Commitment: Just as devotees commit themselves to the goddess during Navratri, professionals should be dedicated and committed to their work and goals. 2. Continuous Learning: The nine nights of Navratri symbolize a journey of learning and growth. Professionals should embrace continuous learning and development to stay relevant in their fields. 3. Time Management: Navratri is a time-bound festival, emphasizing the importance of effective time management. Professionals should manage their time efficiently to meet deadlines and achieve their objectives. 4. Adaptability: Each day of Navratri represents a different form of the goddess, teaching us to adapt to changing circumstances. Professionals should be flexible and open to adapting to new challenges and opportunities. 5. Stress Management: The fes...

UDGAM Portal: A One-Stop Shop for Unclaimed Deposits The Reserve Bank of India (RBI) launched the Unclaimed Deposits – Gateway to Access inforMation (UDGAM) portal on August 17, 2023, to make it easier for the public to search for their unclaimed deposits across multiple banks in one place. The portal is a centralized web platform that allows users to search for unclaimed deposits by name, account number, or PAN number. Unclaimed deposits are deposits that have not been operated for 10 years or more. After 10 years, banks are required to transfer these deposits to the Depositor Education and Awareness (DEA) Fund, which is maintained by the RBI. UDGAM is a significant step forward in the RBI's efforts to protect the interests of depositors and promote financial inclusion. It is also a valuable tool for banks, as it can help them to reduce the number of unclaimed deposits and improve their customer service. How to use the UDGAM portal To use the UDGAM portal, users simply need to vis...

  Boundary-Bound Boost: How the 2023 Cricket World Cup Will Ignite India's Economy "The 2019 Cricket World Cup gave a substantial ₹3,600 crore boost to the UK economy. Now, with the 2023 edition on the horizon, the Indian economy is poised to reap significant benefits as well. Here are some industries expected to thrive during the event: 🏨 Hospitality: With reports of even hospital beds being booked on matchdays, hotels and accommodations are set for substantial gains. ✈️ Airlines: Fans from around the world will flock in to witness the action live, resulting in soaring flight ticket prices. 🧳 Travel & Tourism: Cricket matches serve as a reason for fans to plan holidays near the host cities, leading to a spike in tourism. 📸 Media & Broadcasting: Broadcasting companies will provide a convenient way for fans to follow the matches from the comfort of their homes. 🍲 Food & Beverage: Enjoying favorite comfort foods while watching the games at home will be a popular ...