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2016
  1. Imagination often turns into reality. Imagine a certain situation over and again, with love and joy, and sooner or later you will attract it into your life, provided you don’t let contradictory thoughts enter your mind. Start with simple situations first, to gain faith and experience with this process.
  2. What you do every day will turn into a habit. Choose habits that will lead you to success and repeat them every day. In time, they will become automatic, not requiring thought, attention or effort. There are many new habits you can adopt, such as positive thinking, being on time, being more considerate, getting a stronger willpower or staying calm in difficult situations.
  3. Letting moods control your life is like sitting in a boat and letting the waves and currents take you wherever they please. Developing inner strength and self-discipline is like attaching a powerful engine to your boat. With this powerful engine, you will be able to navigate the boat of your mind wherever you want.

2016
  • Public Provident Fund or PPF is one of the most popular investment options in India. People choose to invest in PPF not only to get lucrative returns but also to save their hard earned money from being taxed. It is an ideal vehicle for long term investment and an important retirement saving tool for individuals, more so for those who are not salaried employees who have EPF option.
  • Government has put icing on the cake by liberalizing the rules related to PPF withdrawal. Earlier a person was not allowed to close his PPF account before maturity. Maturity period of PPF is 15 years which is substantially long time. Even though partial withdrawals were allowed once the account completes 7 years, a person has to wait for 15 years to close his account.
  • The Finance Ministry in a notification dated 18th of June, 2016 informed that people can now close their PPF accounts prematurely. An account holder can now close their accounts once it has completed at least 5 years. Don’t jump for joy yet. There are certain conditions which one must satisfy in order to qualify for this. Broadly speaking, government has laid down only two exceptions for early closure of PPF accounts.

2016
  • There are five questions that I always ask my clients and the people we coach.
  • Now, I'm talking about leaders who are successful, smart and intelligent and have positive intentions. Yet, while they are deeply involved and focused on quality, customers, employee engagement, cost/process efficiency, talent development, market share and so on, they forget to ask themselves the five most important questions. To me, these questions are core to all organization-transformation initiatives and leadership development.

1. What do I really care about and why?

  • What are you really passionate about and what choices do you want to make? Are you passionate about building an organizational culture where everyone takes initiative, collaborates and innovates? Are you passionate about making your shareholders delighted? Do you really care about building an organization that satisfies all stakeholders and not just shareholders? Are you really focused on building future leaders? Or are you really passionate about making a difference in your customers' lives?
  • Now, most leaders do want to focus on all of the above for obvious reasons, as they are interconnected. But the truth is that you will have to prioritize and make choices. So among all the things you are responsible for as a leader of your organization, what do you really care about right now?
  • Any new set of norms, conduct and culture is formed depending on what behaviors you reward and which ones you are tolerating.

2016
  • *if payment consideration (or any part of it)* is received in cash of sale of ANY goods/ provision of any service (exceeding Rs. 2. lac), TCS @ 1% should be deducted:
  • MR A purchases goods from distributor for Rs. 8.00 lac on 10.06.2016, payment of Rs. 795000/- has been made by cheque/RTGS on 11.06.2016, balance 5000/- has been paid in Cash on 12.06.2016. Please note that Seller has to collect TCS @ 1% on Rs. 800000/- (i.e. Rs. 8000/-).
  • This TCS is applicable regardless of the fact whether A is dealer in goods or A purchased for his personal consumption.
  • This new provision is seriously going to affect business cash transactions.

2016
  • Being depressed can make you feel helpless. You're not. Along with therapy and sometimes medication, there's a lot you can do on your own to fight back. Changing your behavior -- your physical activity, lifestyle, and even your way of thinking -- are all natural depression treatments.
  • These tips can help you feel better -- starting right now.
    1. Get in a Routine.
      • If you’re depressed, you need a routine, says Ian Cook, MD. He's a psychiatrist and director of the Depression Research and Clinic Program at UCLA.
      • Depression can strip away the structure from your life. One day melts into the next. Setting a gentle daily schedule can help you get back on track.

2016
  • Are you usually punctual or late? Do you finish things within the time you stipulate? Do you hand in your reports/work on time? Are you able to accomplish what you want to do before deadlines? Are you a good time manager?
  • If your answer is “no” to any of the questions above, that means you’re not managing your time as well as you want. Here are 20 tips on how to be a better time manager:
    1. Create a daily plan. Plan your day before it unfolds. Do it in the morning or even better, the night before you sleep. The plan gives you a good overview of how the day will pan out. That way, you don’t get caught off guard. Your job for the day is to stick to the plan as best as possible.
    2. Peg a time limit to each task. Be clear that you need to finish X task by 10am, Y task by 3pm, and Z item by 5:30pm. This prevents your work from dragging on and eating into time reserved for other activities.

Financial Management