Category: Business

What amazements can a good credit system does


You can survive with bad credit, but it’s not always easy and not cheap. Establishing a good credit score will help you save money and make your financial life much easier. If you’re looking for reasons to maintain your good credit, here are some great benefits to having a good credit score.

Low Interest Rates on Credit Cards and Loans

The interest rate is one of the costs you pay for borrowing money and, often, the interest rate you get is directly tied to your credit score. If you have a good credit score, you’ll almost always qualify for the best interest rates, and you’ll pay lower finance charges on credit card balances and loans. The less money you pay in interest, the faster you’ll pay off the debt and the more money you have for other expenses.

Top Five Valuable Companies In India

1) LIC

LIC stands for life Insurance Corporation of India. It was established on 1 September 1956 by the government of India. The Indian government had passed the life Insurance Act and merged 245 insurance companies. You have questions, How the LIC is earning money? LIC buys money in the way of policies from the public and they invest it among the NIFTY campanies. LIC Managing Director says India’s largest life Insurance had made profit of over Rs 15000 crores on equity investment.https://m.economictimes.com/markets/stocks/news/this-institutional-player-is-making-money-with-both-hands-in-equity/articleshow/78869219.cms?utm_source=whatsapp_pwa&utm_medium=social&utm_campaign=socialsharebuttons The head of the LIC is owned by Ministry of Finance, Government of India. LIC holds the biggest company by market capitalisation with an estimate valuation of Rs 8-10 lakh crore.https://economictimes.indiatimes.com/markets/ipos/fpos/government-proposes-to-hike-lic-authorised-capital-to-rs-25000-crore/articleshow/81375724.cms

2) HDFC BANK

HDFC stands for Housing Development Finance Corporation Ltd. It is an financial services company and banking. This is the India’s largest private sector bank by assets. It was founded in August 1994.https://en.m.wikipedia.org/wiki/HDFC_Bank The Headquarters of HDFC in Mumbai, Maharashtra, India. Incorporated in 1994, HDFC Bank was the first bank in India approved by the RBI to offer financial services in the private sector. The revenue of HDFC is $22 billion in 2021. It has 120000 employees all over the India. The total valuation of HDFC is $22.70 billion.https://www.hdfc.com/

3) RELIANCE INDUSTRIES

Reliance is a multi-industry company. It has operating many business entities. It was founded by Dhirubhai Ambani on 8 May 1973. It have headquarters in Mumbai, Maharashtra, India. Reliance has business in petroleum, natural gas, petrochemical, textile, retail, telecommunications, media, television, entertainment, music, financial services, software. Now, the owner of Reliance is Mukesh Ambani. https://en.m.wikipedia.org/wiki/Mukesh_Ambani He holds (50.54%) of Reliance. The revenue of Reliance is 4.83 lakh crores INR in 2021. The total assets of Reliance is $190 billion. https://en.m.wikipedia.org/wiki/Reliance_Industries

4) TATA GROUP

Tata Group is a conglomerate company. It was founded in 1868 by Jamshedji Tata. Tata group is the one of the biggest and oldest industrial group in India. It has headquarters in Mumbai, Maharashtra, India. Tata has business in automotive, airlines, chemical, defence, FMCG, electric utility, finance, football club, home appliances, hospitality, IT services, retail , e-commerce, real estate, salt, steel, software, cement, telecom. The revenue of Tata group is $123 billion in 2020. It’s net worth is 9.3 trillion INR.https://en.m.wikipedia.org/wiki/Tata_Motors

5) HINDUSTAN UNILEVER LIMITED

Hindustan Unilever Ltd is an consumer goods of India. It was established in 1931. It has headquarters in Mumbai, Maharashtra, India. This have business like foods, cleaning, agents, person care, skincare and water purifier. The company as 18000 employees and had rs 34619 crores revenue in FY2017-18. The net income of Hindustan is rs 6764 crores in 2020.https://www.hul.co.in/ Hindustan Unilever has a market cap of ₹545,762.50 crores and is ranked among the top 10 Indian companies in terms of market capitalisation. A leader in India’s fast-moving consumer goods firm, the company has a rich history of over 80 years. The company website says on any given day, nine out of ten Indian houses use the company’s products. https://m.economictimes.com/hindustan-unilever-ltd/stocks/companyid-13616.cms

China’s Evergraned some relief for jittery markets

China's Evergrande says will make a scheduled payment | Bankruptcy News | Al Jazeera

China’s Evergrande to make security coupon installment, some help for jumpy business sectors

China Evergrande Group’s principle unit today said it would make a bond coupon installment on Sept. 23, offering some alleviation to unsteady business sectors that had been anxious over feelings of trepidation that a default of China’s No. 2 designer could swell through the worldwide monetary framework. U.S. stock fates, the yuan and the danger delicate Australian dollar rose, while place of refuge resources like the yen and U.S. Depositories slipped.

Hengda Real Estate Group said in an assertion it would make the coupon installment on its Shenzhen-exchanged 5.8% September 2025 bond on schedule on Sept. 23.

The declaration comes as Evergrande, when the nation’s top-selling engineer, inches more like a vital cutoff time for a premium installment on a dollar security, with monetary business sectors tense even as financial backers and examiners made light of the danger of its inconveniences turning into the country’s “Lehman second.”

While worries about the overflow from a chaotic breakdown annoyed business sectors on Monday, U.S. stocks were level on Tuesday and Chinese offers opened strongly lower following a two-day public occasion. Be that as it may, China’s property file later recuperated misfortunes and was up over 3%, while banking stocks were down around 3%.

“There’s been a reasonable bit of worry about the chance of virus,” investigators at New York-based Bespoke wrote in an exploration note on Tuesday. “In any case, so far that worry isn’t appearing in pieces of the credit advertises that have served well as warnings for more extensive credit crunches previously.”

THREE TIPS FOR GOOD COMMUNICATION

From our childhood we are speaking daily with your family, friends, relatives but we can’t speak a good communication skills we the people who are strange to us. But few people have brilliant skill in communication. So, here are some steps to improve the communication skills.

1)BUILT A COMMUNICATION WITH EYE CONTACT

First and main steps to build the communication is eye contact. This plays a important role in the communication. Many of us do mistake while we are speaking like we don’t look at them, we use cellphone during the communication. So, first of all we should correct them and practice eye contact. Many business people use eye contact as the advantage in the negotiation for their purpose. So practice eye contact.

2) Be patience for their speech

Always be patience to the speaking partner. Patience is one of the most valuable skill in the world which may enables us to help in improve decision making, communication and power solving situation. Listen and explore them with your mind what they are taking.

PEOPLE WHO ARE GOOD COMMUNICATOR ARE THE GOOD LISTERS.

Here are some tips practising patience

  1. Be a good listener
  2. Be in present moment
  3. Make smile

3)Look them with smile

When you are starting the conversation starts with smile which may boost your confidence and ensure that you will be kind. Many people things smiling may unwelcome to others but smiling will help you to better communications. Smile is the way to tell the feedback to your partner and also boost our mood.

THE GREATEST SELF IS A PEACEFUL SMILE, THAT ALWAYS SEES THE WORLD SMILING BAD

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Internship

*Why are internships important?*Your might have certain questions about why one should do an internship. Well, here are some points 👇👇

◼️ *Work ex matters*– Many Job recruiters value relevant work experience more than any other qualifications while recruiting. Also, getting experience will do wonders for your confidence during any job interview.

◼️ *It allows you to apply classroom knowledge in real-life situations –* Internships give you a way to utilize your knowledge base, and expand it, by applying it in situations where the outcome is not the number of marks you score in an exam but something that could affect a whole company.

◼️ *It opens many doors –* Students get to know more opportunities to grow and make some professional connections which could open many doors for them. They can even get a recommendation letter to boost up their CV.

◼️ *Networking*- Networking is an exchange of information between people, with the ultimate goal of establishing acquaintances and relationships to advance your professional career. Networking can certainly help you find your dream career and also about not-so-common careers which can interest you!

◼️ *Earn stipend –* All the opportunities at Internshala comes with a stipend.

◼️ *Win-Win situation -* Internship opportunities not only provide you industry exposure to a particular field but also help you discover your interests and learn more about yourself. So one should never miss out on such opportunities to grow.

*Internships let you flirt with careers before you marry one*

*ATTENTION *! *Part-Time Pocket Money Internships*🥳🥳🥳🥳

*ATTENTION *! *Part-Time Pocket Money Internships*🥳🥳🥳🥳 campaign, where you can choose and apply to *8,000+* work from homè internships with a chance of earning a stipend upto *Rs 1.2 Lacs*. *The best part*? You can work for only *2-3 hours a day* and that is also in your favorite profile, and the registration is completely free!

So what are you waiting for? Head to – https://internshala.com/i/PTPM-ISP24MDIN9852 and apply now!

Power of chair

We all want to see ourselves strong. Often there comes a time when we think that I wish we could do this, I wish we had this power. One such power is the strength of the chair but it is the most special. Getting it can change the fate of generations, but somewhere we are all afraid of it, all the battles of the world have been done for it. All the freedom struggles have happened just to bring the power of the chair to the people.

Often the power of the chair is considered to be the power of the politicians, but it’s the strength of every person who has any position. A H.R. have the power of the H.R.s chair. Simply we can put it as, every person who has any position or responsibility has that chair of power.

There is a famous quote “With great power comes great responsibility”. Once everyone start treating it as responsibility rather than as a power world will have no fights.

How satellite data can make companies rich

“Data is the new Fuel” Every company needs data, but now they are no longer dependant on digital resources, now they can get actual real world data, you can never ask your costumer what are they going to purchase after purchasing your product or why they prefer your competitors product over your’s, but now you can know and multiply your profit heavily. 

For a long time satellite data was on military’s hold but now things are changing, with advances of AI and ML now everyone can utilize satellite imagery for themselves and in there own unique way and governments are supporting the same. 

Here’s some facts from allied market research

“Satellite Data Services Market to Reach $19.36 Bn, Globally, by 2027 at 19.1% CAGR: Allied Market Research”

Now how you can utilize

Data- the biggest profit is data, the more data you have the more profit you get. Companies are using techniques like web scraping to get data, know their market, and competitor; and you can use it as same but it’s real world data, how much customers are coming in your or your competitors firm or even how much they are earning. 

Surveillance-  you can have an eye on product delivery and management so you always know on-ground data, except for softwares products it works everywhere. 

Security- you can ensure the safety of products way ahead of CCTV era.

Here are some well known Indian firms to have you start

Dimension IGIS

Geokno

Geoinfosys

Names doesn’t stop here as it’s a growing industry, they will analyze and refine the data as per your need. 

Here’s link of some free isro courses to give more grasp. 

https://elearning.iirs.gov.in/edusatregistration/student

Always remember that in business, or anywhere one with the most data wins. In these era of competition you must always be equipped with latest tech to give your customer best, and satellite data is just what you need to have an edge. 

Research

From allied market research

https://www.prnewswire.com/news-releases/satellite-data-services-market-to-reach-19-36-bn-globally-by-2027-at-19-1-cagr-allied-market-research-301206045.html

Download Report Sample (252 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/6793

Serverless does it have servers?

Serverless does it have servers?

Or it has something more exciting.

For those who know about cloud or are interested about it must have heard this word once “serverless”. As confusing as it sounds it has created a lots of myths around this like

Is serverless actually server less?

Is serverless and FaaS really same?

If you are curious about this or just wanna know serverless let’s find out together. Also we will be taking some important questions like why you should learn/know serverless, does your enterprise actually need serverless? Let’s find out together.

The first thing is what is serverless-

According to cloudflare- serverless computing is a method of providing back-end services on an as-used basis.¹

Also serverless framework is free opensource framework build for developing lambda a serverless computing platform of amazon. So what serverless basically means is rather than managing your server together with application you let the server provider manage it. This way you can focus more on application you are writing. You give them the code and they will imply this on server and will charge you based on traffic and services. so serverless doesn’t means having no server but means having no hussle of servers.

Many times FaaS and serverless are taken as replaceable words but are they same? 

While serverless is a broad term Serverless computing can be divided in two types

BaaS(back-end as a service)

FaaS(function as a service)

so FaaS is a type of serverless computing.

Now why should you learn/know serverless? It’s simple as it’s a growing field if you want to use it in firm, in your career or if you just want to feed your curiosity you should learn/know it.

Does you enterprise or you need it?

The big part of you decision depends on

Time- if you have time to manage back-end issue or you love doing it you can leave serverless

Money- It also depends on how well you can manage finances.

Knowledge- Also you should know you or the  human resource you hold how well they have knowledge about back-end or functions or will it be better leaving on serverless.

Hope this feeds your queries.

10 best place to learn serverless

1 . Serverless cloud development by qwicklabs

Qwicklabs is always my resource for learning something cloud, for these article too. Its bitesize lessons makes it easy to grasp or remember concept even if you are taking quest or not.

Remember you must sign in to read it’s content

https://www.qwiklabs.com/quests/152

2 . Serverless full stack application on aws- serverless.com

It’s a tutorial or a course by serverless.com to teach about serverless and its implications for full stack development and various tricks to utilise it financially 

https://www.serverless.com/learn/courses/full-stack-application-development-on-aws/

3. Microsoft learn

It has bite-size lessons, quizzes, some exercises, cute badges, you can always look how much you learnt or can take a quiz to refurbish your knowledge but most importantly a community to help with they want to try the stuff as the content progress for better grasping.

https://docs.microsoft.com/en-us/learn/paths/create-serverless-applications/

4 . 7- best serverless courses and aws lambda courses to learn in 2021-      medium

It’s a article by medium in which it explains what is serverless and why it’s important but also connects to lots of important resources to further proceed.

https://medium.com/javarevisited/7-best-serverless-and-aws-lambda-courses-to-learn-in-2021-de1820111c85

5 . Serverless- free code camp.org

 A collection of 73 posts on code camp. You can read them to understand serverless and what’s going on latest in it. 

https://www.freecodecamp.org/news/tag/serverless/

6. Serverless computing solutions Google cloud

It’s Google cloud explaining what’s serverless and why you should use there serverless products. This article is nice for those who are new and want to get start, it has a video, some links to documentation, some other sources like there trusted partners and some examples.

https://cloud.google.com/serverless

7. What is serverless computing?- IBM cloud education

It’s IBM C.E. explaining serverless, it’s nice but as it’s from IBM C.E. it’s more of clearing concepts and confusions and getting little learner insight instead of promotion of service like in above article, it’s worth reading for students looking for serverless or wants to clear there basics.

https://www.ibm.com/cloud/learn/serverless

8. What is serverless- gitlab

It’s a nice article by gitlab giving Idea of what is serverless and several open-source and big firm products you can get.

https://about.gitlab.com/topics/serverless/

9. Serverless- the new stack

It’s a short 1 minute article discussing what big brains think about serverless, what it is, it’s profits and challenges.

https://thenewstack.io/category/serverless/

10. What is serverless- cloudflare

It’s language is comparatively simple to above articles and it provides detail insights of serverless, if you’re jumbling in tough tech words can give this article a try.

https://www.cloudflare.com/en-in/learning/serverless/what-is-serverless/

5 reasons why working in startup is good idea



If you are confused whom to choose MNC or startup here’s my 5 reason why it should be a startup.

Learning
While you can learn and get help from your nice colleagues in MNC, at startup you can learn a lot other interesting things.

Pushing the limits
As a startup they need everyone to push there limits to find there new strength as this may not be available on established MNCs, you might wanna start at a startup.

Community
You might get some friends in MNC but while it comes to startup most of them wants to start, needs help and are willing to help, making it a nice community.

No boss
Startup too have bosses but as they are in early phase  they are more of a friend, helper and mentor, so if you are new in office work you might wanna choose startup first.

Future
If your startup grows you too will get credit of it unlike in MNCs you can use it in CV and show how much it has grown and what are the role you played in its growth.

This are not the only reasons sometimes they can give you lifelong friends, experience and if you are dedicated to work, journey in startup is lot more fun.

THE BASIC AND BEST EXPLANATION ONE CAN GIVE YOU ABOUT INSURANCE AND BENEFITS OF IT….

                                                           The Noble facts on Insurance 

Basically, let us consider the term Insurance, what it is? And yes, you all do have a general idea of what it is or how it helps your family as we all pre-admit that events happen suddenly and nothing can be stopped.

To make our family and our future generations secure, these are made at the earliest years by the respective applicant whether on his name or on some of his family members. 

You get an insurance plan from a reputed organization so you are safe and secure financially for any circumstances in life. Always take measures to check whether you are applying under the right authorized place of issuer from the policy banks as fraudsters may consume your savings and cheat your whole money entirely.

Gradually a kind of general insurance is in boom these days as they provide support vitally under various criteria of your life including foreign travels and motor vehicles. 

Furthermore in simple terms I can recite as considering law facts, it is a kind of savings or asset that banks offer you to safeguard your money without losing it. In return to those benefits, they help you out if you are critically affected under the terms, I have mentioned below as you get a guarantee of payment from them. 

Based on the needs we can classify them under five essential categories and they are:

  1. Health/Medical Insurance                                            f) Marine Insurance
  2. Family Insurance                                                            g) Fire Insurance
  3. Travel Insurance                                                             h) Liability Insurance
  4. Vehicle Insurance                                                           i) Social Insurance
  5. Property Insurance                                                         j) Guarantee Insurance 

Various researchers say that these policies always benefit a whole generation even if the person who has the payment responsibility proves death. It is like a gift you leave to your children even if you die. About 3 out of 4 have secured their own and family life by taking up these premium plans, what about you? 

These policies are long-term or short-term contracts based on the amount and number of years you wish to pay for. As they provide reimbursement against your precious losses from a company or even from banks. The company takes into account the client’s risks in life thus making payments as a bit higher than they have invested/insured.

Certain people may have an opinion of why it is important but literally it is because you safeguard your family without some financial earnings of yours to run their life even after not with them. Just think about the situation: if there’s nothing left for them after you, what will happen? Life will become miserable and has to be left stranded without any support or protection from anyone. 

And make sure you opt for Term Life Insurance as it covers up greater periods kind of a life insurance totally under a specific life cover obviously. Also updating them on a monthly/yearly basis becomes necessary to make the flow of your premium continue until it ends and matures till the selected duration.

Also, you might face some additional charges if you discontinue it after certain months and you  don’t gain any benefit at all. So, it’s better to drop out if you try to discontinue your current plans in those premiums.

So, if you are reluctant about these plans or with a mind that these won’t work, I literally call you a mad person as you didn’t know or better consider only about you in better terms. Try to take into account the factors in reality as anything can happen.

And please don’t make you left-stranded as it is like you push them into a pit with your own hands which is really a heart-melting situation for anyone. Kind of a pin pricking our souls when we are supportless among others.

UNDERSTANDING CORPORATE SOCIAL RESPONSIBILITY

PROLOGUE

Corporate Social Obligation (CSR) is the proceeding with responsibility by organizations to coordinate social and ecological worries in their business activities. Changes in the worldwide climate progressively challenge organizations all throughout the planet to look past monetary execution. It likewise provokes the business to incorporate social and natural worries into their essential administration. The idea of CSR went through a huge turn of events and got undeniably more consideration in the second 50% of the twentieth century. During that time, it arrived at the cutting edge of the interests of political associations, including the Committee for Economic Development. CSR principally shows as correspondence with vested parties. That is the means by which organizations face expanded requests from their vested parties concerning data on CSR exercises.

CSR in India

CSR in India was customarily seen as a charitable movement. With regards to the Indian practice, it was accepted that each organization has an ethical obligation to assume a functioning part in releasing the social commitments. These are dependent upon the monetary well-being of the organization. In the mid-’90s, Mahatma Gandhi presented the idea of trusteeship helping financial development. CSR was impacted by family esteems, customs, culture, and religion. On 29th August 2013, The Companies Act 2013 supplanted the Companies Act of 1956. The New Act has presented expansive changes that influence an organization’s development, organization, and administration. Likewise, it joins an extra area, for example, Segment 135 – statement on Corporate Social Responsibility commitments (“CSR”) for organizations recorded in India. The statement covers the fundamental requirements relating to the execution, reserve portion, and announcing for fruitful task execution.

HOW ARE INDIAN COMPANIES FULFILLING CSR?

Execution of CSR (according to Schedule VII) in Project Mode by the firm in India are as per the following: Annihilating yearning, neediness, and hunger. Likewise, advancing medical services, including preventive medical services and disinfection. It embraces a commitment to the Swachh Bharat setup by the Central Government. They Promote schooling, work upgrading job abilities, particularly among youngsters, ladies, the older, and the in an unexpected way abled individuals. Likewise, advance sexual orientation correspondence, engaging ladies, setting up homes and inns for ladies and vagrants. They Ensure natural supportability, environmental equilibrium, assurance of widely varied vegetation. Insurance of public legacy, workmanship, and culture, including the rebuilding of structures and destinations of authentic significance and show-stoppers.

The main organization that strikes a chord as a reference point of good corporate administration is the Indian IT industry bellwether, Infosys. To be sure, Infosys is one of the organizations that has set benchmarks for different organizations in India as well as everywhere. This way, corporate administration, and social obligation are dealt with and projected to the rest of the world. The point here is that organizations not just need to walk the discussion for CSR yet additionally broadcast their accomplishments to the world on the loose. Another Indian organization that has made an excellent showing of depicting itself as a decent corporate resident is the TATA bunch. Followed by The Body Shop (earlier possessed by Anita Roddick) organization in the United States. While these two organizations are at various closures of the range, the extent that their product offerings and lines of business are concerned. Notwithstanding, the general population sees these organizations’ ideal principally because of the visionary chiefs that have driven these organizations. Additionally, their standing has been set up through many years of making the best decision.

THE FINAL THOUGHT

The key detract from this conversation is that organizations do acquire substantial and immaterial advantages by rehearsing CSR; and by extending a picture of good administration and social obligation to the outer world. Obviously, we have perceived how organizations resort to “Green Washing” and twist to project something which doesn’t exist completely or somewhat. The point about these models is that these organizations seek after socially and earth capable systems, yet in addition make it a highlight be on heartfelt terms with every one of the partners. They can be the providers, legislative offices, representatives, shoppers, and society on the loose. These endeavors further convert into quantifiable and immense advantages to these organizations.

At long last, being a decent corporate resident carries its own advantages to the organizations. For example, it is entirely expected to discover pioneers from these organizations sitting on different sheets and warning boards, which say a lot about the high regard. This converts into moment acknowledgment and a “radiance” impact. All things considered, it resembles the worship that demigods and sports characters get from individuals. The point here is that acceptable corporate conduct is remunerated eventually or the other. Consequently, organizations should try to progress admirably and make the best choice consistently. While not lecturing, a portion of these organizations additionally help different organizations in completing their dreams for society; and by being groundbreaking change specialists just as impetuses for CSR. Organizations and organizations cooperate with legislative offices to advance feasible practices. Additionally, ease the extremely natural and social issues that are plaguing us. In this regard, the organizations ought to, in fact, look past their main concern. They need to have a social part in their bookkeeping articulations as a method for estimating the ecological and social effects of their organizations.

Impact of Social Media on Youth

In today’s society, we are all witnessing how social media is evolving on a daily basis. The majority of individuals on the planet use social media. This is very popular among the younger generation. Even if you look at statistics, you will find the same scenario. Every day, the popularity of social media grows. The effects of social media on youngsters are also seen in other aspects of our life.

Social Media Trivia: Brush Up Your Knowledge

Here are some statistics that were done on social media.

  • The average time spent by the people per day on the social network is 1.72 hours.
  • For the teenagers, the numbers are much higher which is up to 27 hours per week.
Impact of Social Networking Sites on the Youth | The Knowledge Review

In today’s society, social media has become an integral part of many young people’s lives. Many young people continue to engage in social media without stopping to consider the influence of social media on youth. The consequences might be beneficial or bad, but they are usually detrimental if they are not linked with a commercial or professional purpose.

It is a major issue for the majority of people in today’s society because what is more important?

Is it more essential to be concerned about “Facebook” friends than those with whom we meet face to face in our everyday lives? What is the long-term influence of social media on today’s youth?

There are many advantages to using sites such as Twitter, Facebook, Pinterest, LinkedIn, Tumblr, Google +, Gaming sites, Instagram, and blogs, but there are also many disadvantages. If we want to make sound decisions, we must go deep within ourselves and conduct extensive study on the subject.

Positive Impact of Social Media on Youth

  • It keeps connected to their friends when they are not able to see each other always when they want to.
  • Social media keeps you updates about the important things that are going across the globe currently or maybe in your locality. It is a great benefit to know about everything just by the simple click of your finger.
  • The youths have the perfect place to express themselves in such a way in which they won’t be allowed to do in public. This is something which makes the youth feel better about them and they hold some position in society.
  • It helps you in developing social skills and the best part is that a number of friendships can begin from the social website. Youths generally like make new friends and know about others as much as they can. All of this is possible with the social media platform.
  • One more interesting impact of social media on youth is that it feels fun to interact with peers rather than talking to them face to face.

Negative Impact of Social Media on Youth

  • People in today’s age place such a high value on social media that it has become their top priority. They like being on social networking sites and neglect all of the things that should come first for them, such as family, sports, and school.
  • We can only see the virtual aspect of a person on social media sites. This implies that we can only see the aspect that they want us to see. Many people strive to present themselves to others as someone they are not.
  • Young people have a bad tendency of bullying their classmates, which is understandable to some extent. However, when it comes to cyberbullying, it has a significant impact on the other peer because it may appear on anyone’s newsfeed and quickly go viral. Such factors can sometimes lead to despair and suicide ideation.
  • Some young people are extremely susceptible to influence. They may feel the urge to modify their physical appearance and compare themselves to everyone they see on social media.
  • Social media provides a powerful temptation. It might become an addiction for the young and cause them to get distracted.

Positive Impact of Social Media on Youth in different Sectors

Educational Aspects

  • Social media allows teachers to quickly interact and connect with students and others.
  • Students have free and simple access to internet sites where they may obtain all of the information.
  • Grades have improved, and the rate of absentees has decreased.
  • According to a poll, around 59 percent of schools confess that their students use social media for instructional purposes. In addition, 50 percent of them utilise social media to discuss school tasks.

Political Aspects

  • The participation of the voters has increased. The users of the platform of Facebook have admitted that they get the inspiration to vote in an election when they see online their friends have voted too. A survey reported that those who visited Facebook more than two times in a single day were more likely to attend a political meeting or rally- 43% more people said that they are sure to vote.
  • Social media gives birth to the idea of change in politics. Social networking gives the social movement cheap as well as a quick method for distributing the information and make the people come together.

News/ Awareness

  • Around 30% of the people of America get their news from online. The information in the social networking sites spreads much faster than any other forms of media.
  • More than 50% of people in the world nowadays get the breaking news from a social media platform
  • The social networking sites provide the benefits academic research to the people along with the online access. This helps the people to get access to the resources that were unavailable before
  • The people who use the platforms of social media get empowered and informed to change their communities and themselves.

Social Aspects

  • With the help of social media, people can communicate with friends and this enhanced communication online strengthens the relationship between them. Survey says around 52% of the teens that remain online say social media have helped them with their friendships and around 88% of the people say that staying online has helped them stay in touch with the friends they don’t see regularly.
  • As said earlier, young people always have this tendency to make new friends. Around 57% of the teens that remain online say that they make new friends on social media.

Jobs for the Youth

  • Social media is one of the best ways for marketing products, connecting with people and find business opportunities.
  • It helps the employers to get the employees and those who are in search of new jobs. Around 87% of the job recruiters have found their employers through LinkedIn, around 30% through Facebook and 15% through Twitter.
  • The social media sites are the reasons for creating thousands of job opportunities for the people and they have brought new avenues of income.

Negative Impact of Social Media on Youth in different Sectors

Work/School

  • Social media helps the students to cheat on school assignments and for those who work can get some idea about their work.
  • If social media is used on a light scale, it will help the students to improve their grades. However, for those students who are heavy users, their grades tend to fall incredibly. A study shows that students who are using Facebook have an average GPA of 3.06 while those who don’t use Facebook have an average GPA of 3.82.
  • On average of 106 minutes in every 90 minutes that is spent on Facebook college students drop their grades to12.
  • The social media platform affects the productivity of the employees to .51%. These workers are generally between the age of 25-34 and check their social media during work.

Lacking Privacy

  • One thing that is seen common among the young people is they often get too open in the public and share their personal information. Most of the people don’t read the privacy policies and are unaware that their information that the information is read by the insurance companies, advertisers and the IRS.
  • They expose themselves to the governmental and corporate intrusions. The justice department of the US gather hundreds of pieces of information from the social networks and email every year.

Cyber Bullying

  • One of the very prime negative impact of social media on youth as some of the negative minded individuals use it for bullying someone.
  • People use it for sending intimidating messages to others that sometimes create trauma for the others as well.
  • Misinformation or false propaganda is another negative impact of social media on youth.

Importance of Budgeting

The process of managing money in a way that it balances your income and expenses is Budgeting. It deals with managing funds and finances in accordance with business or planning your expenses and savings for household. A budget is a must keeping in view the growing needs and rising prices of commodities.

It has been a difficult time during the pandemic for people to allocate their resources in the correct manner. Many lost their jobs leading to end of savings, minimal expenses (leading to reduction in tax collection) and more of supply than demand for products in the market. The economy was down and budgets failed. However the demand was more for medical and necessity items followed by hike in their prices therefore, being out of reach of the poor. Here arouse the need of funds and savings out of the government’s budget (previous years’) that were successful and well managed. They were used to provide necessities to the under-privileged during such difficult times. Not only the government but people who had sufficient amount in their bank accounts (the higher income households) to extend support, did their best to provide relief to the affected ones.

This signifies how proper budgeting can lead to betterment in the future.

Expenses should be kept lower than income in order to save some amount for contingencies or entertainment purposes, as per the situation and requirements.

Photo by Karolina Grabowska on Pexels.com

People often get trapped in debt due to improper planning of their finances. More expenses, less income attracts the mind to tackle it through easy ways which is to take a loan. However the interests act as a load and gradually affect the mental health of a person trapped in them.

The focus should be on easy methods to tackle the problem of finance. Preparing budget plays a major role in it.

  • Monitor your stable incomes and expenses thereby, to get an idea of your current financial status.
  • Analyse your recent spending and start making your own plan. Following are the simple, useful steps to follow and get a perfect plan:
  1. Write up your income (monthly budget) and divide it into two sections namely, Expenses and Savings.
  2. Make place for permanent/ fixed expenses first.
  3. Keep a part from the remaining for your savings and then divide the rest between ‘other expenses’ that might not be compulsory or significant.

This plan would work for a standard budget but situations aren’t the same. There can be more fixed and important expenses than the amount of money in hand. Such cases require support through debt (loans). But it can be handled this time if you create a budget defining your limits of ‘extra-expenses’. Give priority to needs and sacrifice your wants to execute your plans and come out of the debts soon. Save money for investments. It helps in problem solving in future.

Similar is the case for businesses. Funds should be managed accordingly and investments be made to support future prospects of growth and development. Start-ups need to keep a check on their costs and take every possible step to reduce wastage, be it of money or human efforts, since it would ultimately affect the workings and may increase financial needs.

A budget helps allocate the essentials leaving no space for useless expenditures. Monitoring budget plans regularly would help achieve better each time you make one. The major requirement is sticking to it till the end.

A GLANCE AT CORPORATE SUSTAINABILITY

INTRODUCTION

“Creating strong business and building a better world are the essential ingredients for long term success.”Corporate Sustainability is an evolving management paradigm for companies. While the concept understands the significance of profitability, it also reiterates the need for environmental protection and social equity.

FOUNDATION OF THE CONCEPT

Corporate Sustainability borrows elements from four main concepts.

Sustainable development

It is a broad concept that aims to balance economic growth and environmental protection. We cannot leave efforts for achieving sustainable development to the government only. Companies are the engines of economic growth. Therefore, they ought to be proactive in making consistent efforts towards achieving sustainable development. 

Corporate Social Responsibility (CSR)

CSR is a self-regulating business model. According to this concept, companies have an ethical obligation to respond to the needs of society. CSR is based on four theories-

Social Contract Theory

The theory revolves around the fact that individuals and organisations enter into various implicit and explicit contracts. When a company extracts resources from the environment, it enters into a contract. The contract is to be socially responsible towards the environment.

Social Justice Theory

This theory argues that in a fair society, all members hold equal importance. It also highlights the significance of social equity and justice. Hence companies must respond to the needs of all the people in a society.

Rights Theory

According to this theory, a company should respect the human rights of their employees and the local communities around them. It must behave ethically with them and ensure a safe working environment.

Deontological theory

The theory throws light on the golden rule that companies have a moral duty towards society. They should therefore listen, consider and respond to the needs of the society while framing strategies.

Stakeholder theory

A stakeholder is an individual or organisation that can affect or is affected by an organisation’s goals. This theory emphasizes that the stronger the relationship a company has with the external parties, the easier it is to achieve its business goals. Consequently, good external relationships help gain a competitive edge.

Corporate Accountability

There is a fiduciary relationship between a stakeholder and a company. Hence a company must be accountable for its actions to the stakeholders. Accountability refers to the legal or ethical responsibility to justify one’s actions. The ambit of Corporate Accountability extends to society as well. A company enters into various implicit and explicit contracts with society. Since a company gets its resources from society, therefore, it must be accountable for its actions. 

THE PILLARS OF CORPORATE SUSTAINABILITY

Three main pillars lay the foundation of Corporate Sustainability.

Environment pillar

Companies rely on society for getting resources. Some of these resources are non-renewable, some are renewable. Companies need to instill an understanding that renewable resources need time to get replenished or renewed. Therefore they should respect these natural cycles and should reform extraction processes. It would ensure that the resources get plenty of time for renewal. 

Social Pillar

Corporate Sustainability requires companies to recognize their impact on the people. This recognition can be in terms of committing to fair wages, showcasing ethical behavior and a safe working environment for employees. The Social Pillar promotes practices that help prosper the health, safety and well-being of the employees.

Economic Pillar

Each company faces intense pressure to earn immediate profits. But Corporate Sustainability encourages investment in technology for the future even if financial benefits show up later. The economic pillar is all about investment in creating technologies for the future. 

WHAT’S THE DIFFERENCE BETWEEN CSR AND CORPORATE SUSTAINABILITY?

CSR is a broader term than Corporate Sustainability. CSR often looks backwards to reflect on what the company has done in the past to contribute to society. On the other hand, Corporate Sustainability looks forward and aims to make efforts in the present to create future opportunities. CSR initiatives mainly target the opinion-forming groups like media while Corporate Sustainability targets the various stakeholders.

A PEEP INTO CORPORATE SUSTAINABILITY REPORTING

We have a concept called Green GDP to measure the economic growth of the countries. Green GDP is an accounting system that considers the environmental loss incurred during the process of economic growth. Thence countries can measure the environmental deterioration caused and can take measures to reduce it. Similar to this is the concept of Corporate Sustainability Reporting. It represents a potential mechanism to generate data and measure the contribution of companies towards achieving sustainable development.

THE FINAL THOUGHT

The vision of doing business is certainly changing over time. The government and stakeholders expect companies to make efforts for people and the environment. According to Global Risks 2020, climate change ranks first as a global risk. Societal risks like water crises and infectious diseases are also threatening. It expects air pollution to become a major cause of environmental mortality by 2050.
These facts highlight the urgent need for action. Corporate Sustainability provides a prospective solution to this. Therefore we need consistent efforts from the end of companies as they are the engines of economic development in a society.