THE MERCURIAN TIMES

                                                   BE YOUR OWN INSPIRATION! Keep up your spirits high, Even when there’s much to sigh, Because God always listens to those who cry, So, bid your agony Goodbye! -For you never know what you are destined to in the future, Do not let negative thoughts nurture, Because, Life’s nothing but, A Sweet’ n Sour mixture, Time will reap all your sown seeds…. And, God would help you complete your life’s jigsaw picture! Have faith in HIM, Not in humans akin.                                 -Nishtha Kapoor 

RIO OLYMPICS “So powerful is the light of Unity that it can illuminate the whole world” The Olympic Games continue to be the flag bearer of the World Integrity and Unity.  The   2016 Summer Olympics,   commonly known as   Rio 2016, was a major international   multi-sport event   held in   Rio de Janeiro , Brazil, from 5 August to 21 August 2016. The event witnessed the participation of more than 11,000 athletes from 207   National Olympic Committees . Rio 2016 rewrote the history of Olympics as it saw the participation of new entrants namely   Kosovo ,   South Sudan , and the   Refugee Olympic Team ; thereby symbolising a change for the better. The United States of America which has always been in the race for the most medals in the Summer Olympics; was no different this year in Rio de Janeiro. Breaking all records, USA   topped the   medal table   for the fifth time in the past six Summer Olympics. Team USA bagged the first gold medal of the games when 19-year-old Ginny Thr

Fun Facts: It’s an incredible world! ·          Most Languages Spoken : Papua New Guinea Although English is its official language, only 1-2% of the population actually speaks it. Over 820 languages are spoken in Papua New Guinea or 12% of the world’s total. ·           One Woman’s World: Monowi, Nebraska Monowi is a town in Nebraska that has a population of 1; the Mayor pays taxes to herself. ·          Colorado’s Town of Dinosaur In Colorado, USA, there’s a small town called Dinosaur. Some of its streets are named Brontosaurus Blvd, Brontosaurus Bypass, Stegosaurus Freeway and Tyrannosaurus Trail. ·           Most of Its Citizens Living Abroad : Malta After some rough economic times coupled with an increased birth rate, Malta experienced such significant immigration that there are now more Maltese living abroad than within the country itself. ·          Musical Maniac: Japan Japan has a network of Melody Roads that use passing cars’ tires to play

WORD OF THE WEEK : Angel An   angel or an angel investor is a person who invests in startups typically before the company has started to generate any revenues or profits, usually in exchange for convertible debt s or equity.

STAY UPDATED 1) RBI says 92%of the deposit accounts are covered thus enabling strong banks to pay lower insurance premium 2) State bank of Travancore employee union (SBTEU) has urged the centre not to go ahead with the decision to merge SBT and other associate banks with SBI . It also wants the RBI and the SEBI to intervenen in the matter 3) Reserve Bank Of India workers and employees have decided to join the september 2nd nationwide day long strike called  by the central trade unions.It is to protest against the "Unilateral labour reforms and anti worker policy " 4)Raghuram Rajan gives a parting gift ,turns smartphones into banks with Unified Payment Interface and make India a step closer to becoming a cashless economy. 5)Shiv Raj Chauhan in US to woo investors says Madhya Pradesh 'IDEAL' for investment.He said that the state government focuses on a' single table' concept in place of ' single window' were policy matters and hurdles

  PRACTICAL BEAHVIOUR It's easy to act on impulse, to scream and shout, to say things you are not supposed to say and to create complications. It is easy to just do what you want , without thinking of its consequences. Many - a - time people create their mess themselves , by speaking the wrong words in the wrong situations. To maintain peace, and keep unnecessary drama out of your life ,you have to contemplate every situation in every possible way before acting on it . Whether in the office or in a domestic setting, remaining calm is very important .Think of your options,think of what will happen if you act in a particular way and how it will affect your life. In the name of  - " do what your heart says" people tend to act impulsively. Think from your heart , but act from your brain. This doesn't mean that you have to pretend to be someone you are not or say things you don't believe in. Make sure you know what you stand for and don't be afraid to speak

UNIFIED PAYMENTS INTERFACE WILL GO LIVE FOR CUSTOMERS WITH TWENTY ONE BANKS UPI lets a recipient initiate payment requests from a smart phone and was under a pilot run since being launched in April by the RBI governor, Raghuram Rajan. The UPI apps of banks will be available on the Google play store within a couple of days. After the pilot run the RBI has approved the public launch of UPI. Customers will download the apps and link them with their bank accounts for making transactions. This is another step towards a cashless economy.

Of markets and masterminds, the showdown at Comquest rocks Delhi COMQUEST , the Annual Business Management Quiz conducted by the Commerce Department and the Quiz Society , Curiosis of Jesus and Mary College in collaboration with JIMS Kalkaji, kicked off to a great start on the 24th of August . With Quizcraft Global as their knowledge partners, the event had Adittya Nath Mubayi as its quiz master. There was fervour and anxious excitement in the air , as the day started with an introduction to Comquest by Dr.Minakshi Mitra, Associate Professor, Department of Commerce, JMC, followed by lighting of the lamp . Among the eminent faculty were, Director General and Director , JIMS Kalkaji , Chairman of JIMS and the chief guest for the event , Shri A.P. Singh , Resident Commissioner of Himachal Pradesh. The quiz commenced at 10:45 a.m. , with its preliminary elimination round. Participation could take place in teams of two or one. More than four hundred teams parti

IF YOU ARE BORED AND HAVE TEN MINUTES TO KILL THEN WHY NOT CHECK OUT THE AWESOME LIST OF THE MOST RANDOM AND FUN FACTS 1. "Yahoo" is an acronym for "Yet Another Hierarchical Officious Oracle". 2. Apple's ipad retina display is actually manufactured by samsung. 3. The red and white Coca-Cola logo is recognised by 94% of the world's population. 4. Google was originally called BackRub. 5. Pepsi got its name from digestive enzyme pepsin. 6. Samsung accounts for 20% of Korea's GDP. 7. Victoria's secret is the most followed retailer on instagram.

Personality of the Week Financial Prophet of India: Raghuram G. Rajan While his peers would desire to become doctors or engineers; Raghuram Rajan as a young boy studying in the prestigious Delhi Public School RK Puram, would say that he wanted to become the Prime Minister of India, when asked about his ambition. Surely, he was born to dream and achieve. As a gold medalist in IIT Delhi and IIM Ahmedabad, he was appointed as the Chief Economist and Director of Research at the International Monetary Fund in October 2003. Born in Bhopal, Madhya Pradesh, his perseverance and excellence in the field of finance made Rajan a global icon. He stepped on to become one of the youngest Governors of the Reserve Bank of India in 2013, holding the office at the age of 50. Coming back to India wasn’t a matter of chance; to contribute to his own country was what Rajan has lived and breathed for. As the RBI Governor, he’s known for his ideas towards curbing inflation and has aimed at extending

BOOTSTRAPPING   Bootstrapping   refers to the efforts of an entrepreneur to start a business using his own assets as the source of capital.    Bootstrapping can also refer to a highly leveraged transaction when an investor acquires a controlling interest  in a company , financing the transaction by using the assets of the company as  collateral   for the  loan.    It  frees the entrepreneur from having to pay interest on a loan   or from having to share any potential profits with other investors. However, entrepreneurship involves significant risk.  EXAMPLE-   Someone  who starts a business using $100,000 of their own money is bootstrapping.

  THE WIN  " Dreams, Hard work and Success" Even the English dictionary seems to know the downright  pathway for "WIN". A whole new generation  of bubbling minds, an era of new thinking, even a whole new arena of creatively blessed minds; still the magical tonic for "win" remains unchanged over centuries.     Every win starts with a DREAM- an imagination that the whole world  believes to be unrealistic, unachievable, irrelevant, totally impossible, but, only the dreamer has the faith that his dream has the power to change the course of humanity. He has faith that his dreams have the potential to overcome those barricades, others thought to be impermeable. He believes in his instinct, his gut that he has the power to make it real. Dream is that bottomless jar of energy that provides an individual with the saga of determination to work hard in order to transform his imagination into reality!     If Dream is the Brian, then Hard WORK is the Heartbe

Bill Gates Net worth hits an all time high of $90 billion The net worth of World’s richest person-Bill Gates-reached $90 billion on Friday for the first time in history fuelled by the gains in public holdings such as Canadian National Railway Company and Ecolab Inc. Gates, who stepped down as a chairman of Microsoft in early 2014 but has remained a board member of the company he cofounded ,owns roughly 2.5% of Microsoft, which accounts for just under 15% of his fortune. He is now almost $13.5 billion richer than the second richest person in the world-Amancio Ortega-Spanish mogul behind the fashion retailer Zara ,and a shocking $23 billion richer than Warren Buffet, CEO of Berkshire Hathaway who is worth $67 billion. The Microsoft co-founder’s fortune is now equal to 0.5% of US GDP.

(By Marcus Buckingham & Curt Coffman) Most “common knowledge” about how to manage employee is misguided. If you want to succeed as a manager, you have to break few rules. Based on in-depth interviews of 80,000 managers in 400 companies by the Gallup Organization, FIRST, BREAK ALL THE RULES shows that the world’s best managers break virtually every conventional “rule” of management practice. In this book, Buckingham and Coffman show why exceptional managers select employees for talent, not experience, intelligence and determination. Effective managers define the right outcomes for people, not the right steps; they focus on employee strengths, not eradicating weakness; they find the right fit for the employees in the organization instead of relentlessly promoting people for their incompetence. This book will help you examine what you believe about effective management and encourage you to think of ways to set people up for success in your organization from the begin

Indra Krishnamurthy Nooyi " Leadership is hard to define and good leadership even harder. But if you can get people to follow you to the ends of the earth, you are a great leader." - Indra Krishnamurthy Nooyi In a world where gender discrimination exists in almost every sphere of our society, here comes the story of a woman who has achieved the top position of the world’s fourth largest company . IndraNooyi, CEO Pepsi Co has scripted a success story that showcases what American dreams are made of.  She has also proven that no matter who you are or where you come from, if you have a dream then all you need is the will and determination to achieve it. In a world where gender discrimination exists in almost every sphere of our society, here comes the story of a woman who has achieved the top position of the world’s fourth largest company . IndraNooyi, CEO Pepsi Co has scripted a success story that showcases what American dreams are made of.  She has also proven that

RETENTION MONEY Retention is the amount receivable by the company (contractor) which is kept unpaid by the contractee until the agreed job is completed. This is therefore shown as account receivable in the liability section of the Balance Sheet. EXAMPLE     Organisation takes a building on lease worth $100,000   where Organisation  retains $20,000 and pays $80,000. The $20,000 would be paid at a later date assuming certain conditions are fulfilled. ACCOUNTING TREATMENT PARTICULARS DEBIT CREDIT Customer A/c      Dr                                                          XXXX       To Sales A/c ( being invoice made ) XXXX Retention A/c      Dr                                               XXXX       To sales retention A/c (being invoice passed ) XXXX Customer A/c      Dr           XXXX           To retention A/c ( being the adjustment made )

TRANSFER PRICING • Transfer pricing is the setting of the price for goods and services sold between controlled (or related) legal entities within an enterprise. • For example , A subsidiary company sells goods to a parent company, the cost of those goods is the transfer price.   Legal entities considered under the control of a single corporation include branches and companies that are wholly or majority owned ultimately by the parent corporation