Subsidiaries Vs Associates

The terms affiliate, associate, and subsidiary refer to the degree of ownership that a parent company holds in another company. In most cases, affiliate and associate are used synonymously to describe a company whose parent only possesses a minority stake in the ownership of the company.

However, a subsidiary is a company whose parent is a majority shareholder (owning more than 50%). While in a wholly owned subsidiary, the parent company owns 100% of the subsidiary.


A parent company publish financial statement of its subsidiaries but not of associate. Associates are mentioned as asset on parent company financial statement.

Image Credit: https://www.slideshare.net/jtimmermans/class7-17795260

Read more: What are the differences between affiliate, associate and subsidiary companies?

Tokyo University is ready to Sponsor Two Super30 Students

Impressed with Super30 success, Japan's Tokyo University offers scholarship for two of the Super30 students. Japan want to increase Indian students in Japan University. CGC group of companies of Japan, a chain of 200 companies, offered finance to two students for Tokyo University and elsewhere in Japan.This is other than the scholarship.

Hayashi, Project Officer of the Tokyo university, said currently Japan has only 1.4 lakh overseas students out of which India contributes only 500. Similarly, University of Tokyo has only 42 students from India.

Join this Facebook page dedicated to Mr. Anand Kr. and for update from this blog.

More: Business-Standard

A Reason I got to Protest Against Proposed Change for Engineering Tests

Yes, I also got a reason to protest against the new proposed IIT and all colleges combined Engineering Exam change by Central Govt as one nation one test. Many govts and other institution does not give students more than 90% so easily while some institution easily give high number. In this case those students who are studying in those state board will be left out for no reason. Central govt institution like CBSE and others give student full marks but in many state board exam it is very difficult to get very high score. It is not general to get 80-90%  there. Few state boards may be giving student high marks then in that case students from those places may get selected without comparative merit.

Rightly IIT Kanpur objected strongly.

Abraham Lincoln’s Letter to his Son’s Teacher

The following is the supposedly a letter from Abraham Lincoln to a school teacher in his son school. I came to this after a search for the letter. I was reading a news article where the letter was mentioned. This gives us pointer about what should also be a part of syllabus. School syllabus should also have something related to moral building, how to deal with people and society and how to handle ourselves in situation of adversity. So, that people after schooling can be a better human. Better from mind & from soul and not just good in Math, Physics, etc which we may need or do not need in our lives.

He will have to learn, I know,
that all men are not just,
all men are not true.
But teach him also that
for every scoundrel there is a hero;
that for every selfish Politician,
there is a dedicated leader…
Teach him for every enemy there is a friend,

Steer him away from envy,
if you can,
teach him the secret of
quiet laughter.

Let him learn early that
the bullies are the easiest to lick…
Teach him, if you can,
the wonder of books…
But also give him quiet time
to ponder the eternal mystery of birds in the sky,
bees in the sun,
and the flowers on a green hillside.

In the school teach him
it is far honorable to fail
than to cheat…
Teach him to have faith
in his own ideas,
even if everyone tells him
they are wrong…
Teach him to be gentle
with gentle people,
and tough with the tough.

Try to give my son
the strength not to follow the crowd
when everyone is getting on the band wagon…
Teach him to listen to all men…
but teach him also to filter
all he hears on a screen of truth,
and take only the good
that comes through.

Teach him if you can,
how to laugh when he is sad…
Teach him there is no shame in tears,
Teach him to scoff at cynics
and to beware of too much sweetness…
Teach him to sell his brawn
and brain to the highest bidders
but never to put a price-tag
on his heart and soul.

Teach him to close his ears
to a howling mob
and to stand and fight
if he thinks he’s right.
Treat him gently,
but do not cuddle him,
because only the test
of fire makes fine steel.

Let him have the courage
to be impatient…
let him have the patience to be brave.
Teach him always
to have sublime faith in himself,
because then he will have
sublime faith in mankind.

This is a big order,
but see what you can do…
He is such a fine little fellow,
my son!

      ~ Abraham Lincoln


This letter content is taken from Wanderings.

IIM - Ahmadabad Graduates are not getting Job!!!

A new story here about IIM-A. A graduate from the institute has not landed a job and started selling vegetables!

Here is a story of Kaushalendra, who has graduated from prestigious IIM-A. Ahmedabad's IIM, I think is the best even among IIMs. Still, after getting the degree, Kaushalendra thought to choose selling vegetables as his career. He desires to sell vegetables from Bihar to whole of India. He is selling vegetables under the brand name of "Samriddhi" (progress). He want to make a brand Bihar. So, Bihar branded vegetable he want to sell. Be ready to buy vegetables from Bihar even you are living in different state. He has said to market in India only, so only qualification to be a customers of his company is to be an Indian. :)

You may have also listened a news that one guy from Bihar started helping Rickshaw pullers and want to change lives of rickshaw puller. Ya, that was a different one and not the same person forced to switch job after unsuccess ;). That Bihari IIM-A graduate is helping rickshaw puller instead of wishing to sit at revolving chair and in AC cabin. His name is Irfan Alam. His business concept has changed the lives of 5,000,00 rickshaw puller in eight states as reported in ibnlive by Oct, 2010 article.


For more on Kaushalendra, again IIM-A graduate.

For more on Ifran Alam (IIM-A) story.

A Social Leadership Program for growing India

ICICI has launched a social leadership program for growing India. It believes in creating leadership skill with social outlook in young talents of India. This fellowship program will help the young develop a future goal, mobilize people, thoughts and resources to help emerging India become a powerful nation.

This ICICI Fellows program will impart both theoretical and practical training to the young and talented youth. It has three tightly interlinked components: Management Training, Experiential Learning and Personal Development & Mentoring. Through the program you will also be deployed to far reaching places on India to develop social awareness about the Indian society.

Important dates for the leadership program:
1. 30 Jan, 2010: Last date to submit applications form,
2. Feb to Apr 2010: Selection Process (comprising of application form evaluations, tele-interviews and Assessment Days)
3. May 2010: Results Announcement,
4. July 2010: Fellowship begins.

Eligibility: Age: 21 - 28 and graduate.

This program has a financial support available. You will be deployed at various locations and with various NGOs during the course.

Dates may change. For details and application form check at the ICICI follows website.

I thought to join the program to transform into managerial role with social cause and asked few questions coming into my mind. Here are the questions and answers I got.

Questions:
1. What is the selection criteria for this?
2. How much stipend one can expect from this?
3. Is there any difference in work and stipend based on experience?

Answers:
1. If you reside in India, are a graduate upto 28 years of age and are passionate about working towards India's social development, you are eligible for the programme.
2. All those selected for the programme receive a stipend of Rs. 12000 irrespective of their experience
3. Projects are alloted to the candidates based on their skills and abilities as well as the requirements of the NGO.

Hope this all will help you!

Looking for Jobs In Dubai or Gulf Countries?

My friend received an email for Jobs in Dubai. The website mentioned was a well maintained one. He registered there for free service and then afterwards he keep on waiting for a job in Dubai.

From time to time, he received emails about the payment. CAD $92 they demand for the service. The site claims that this charge is for the listing of your porfile on website and potential employers will find your profile. They claims that this is one time payment and you will get a guarenteed job within 6 months otherwise your money will be refunded.

One day, he thought to pay the amount. He was just ready to enter his credit card details then he thought to check about the consultant on internet.

I am talking about the job site http://www.jobsindubai.com/ and http://www.jobsindubai.ca/. He have found few enteries about the website and everywhere, there was something wrong mentioned about the website. One thing he could not digest was the fact- why website are demanding money from a experienced developer. All companies asks for good developers and job consultants try to get as much profile as they can. So job consultants do not ask money from the professionals. So, he was not willing to pay the money.

The last email he received was:
- - - - - - - - - - - - - - - - - - - -

from Jobs in Dubai Inc.
reply-to accepted@jobsindubai.com
to xxxxxx@gmail.com
date Mon, May 11, 2009 at 3:57 AM
subject Job Alert - Jobs in Dubai Inc.
mailed-by jobsindubai.ca
signed-by jobsindubai.ca


Dear AAA BBB,

You have received an IMPORTANT update from our Recruitment Specialist.

Please login to your account by [CLICK HERE]

Alternatively, you can log in to your account by using following information

Login Information
URL : http://jobsindubai.com/umembers/
Email : xxxxxx@gmail.com
Password : yyyyyyyy

Anna Gill
Account Manager

======Canada HQ=========
J o b s I n D u b a i Inc.
Airport Square
2600 Skymark Avenue
Building # 5 Suite 104
Mississauga, Ontario , L4W 5B2
Canada
Email. Anna.G@jobsindubai.com
Tel: Direct: 905.625.2716
Customer Service 905.625.4216
Customer Care: 905.625.8702
Inquiries: 905.625.1613
www.jobsindubai.com | www.jobsindubai.ca

=======Dubai Office========
JID NetWorks
Dubai Branch Office
Falcon Gallery Bldg, Suite 308A
Behind Dubai Dry Docks,
Al Mina, Al Diyafa St,
Dubai, U.A.E
Tel: +971 4 345 4008
www.jobsindubai.ae

Note: You have received this e-mail because you are a valued member of Jobs in Dubai Inc. However, if you would rather not receive future messages of this nature from us, simply click on the following link: [Remove from Mailing List]

- - - - - - - - - - - - - - - - - - - - - - - - -

He received similar kind of emails earlier also, where he need to fill a form. Web form asks information in such a way that gives you feeling about a potential employers seeking some information from you.

After doing some research, where he found that everywhere there is some complaints about the consultants, he replied to the emails to see what consultants has to say about those informations. He want to give chance to consultants also. After he found the infomation on the internet where everyone is free to post infomation. He never received any reply from JobsInDubai.

This is his reply email:
- - - - - - - - - -- - - - - -

from AAA BBB
to accepted@jobsindubai.com
date Mon, May 11, 2009 at 9:04 PM
subject Re: Job Alert - Jobs in Dubai Inc.
mailed-by gmail.com

I thought to pay you the fee.

I went on to do some research and I have found lots of negative feedback on net.

http://www.desertspeak.com/viewtopic.php?t=210
http://archive.gulfnews.com/articles/06/01/31/10015421.html
http://archive.gulfnews.com/articles/06/01/31/10015421.html

You looks a fraud company.
- Show quoted text -

- - - - - - - - - - - - -- - - - - -
In the above links, you will find lots of information about the JobsInDubai website. They inquired a lots about the firm and then they have written about it.

In communication with the JobsInDubai, he once asked about the validity of asking money from the professionals. He received a reply from them:
- - - - - - - - - - - - - - - - - - - - -

Hello AAA,

We are delighted to hear from you and are more than happy to assist you in
your job search effort.

Firstly, we are very pleased to advise you that we have a large number of
positions available. Whilst I can understand that at this time, it may be
difficult for you to make the payment, we do work a little differently from
other agencies. Since we will not charge the employer or you a fee after you
are employed, we can not take the fee from the employer and you would have
to pay it in order to apply for the positions.

Our placement success rate is over 74% and your chances of finding a
position through our service is extremely high. In order to benefit from our
services and to be able to apply for the available positions, I
would like to invite you to register. You can register by visiting the
following link: https://www.jobsindubai.com/payment.asp

Please note AAA, as soon as you are a registered member, you will be able
to apply for the posted positions and employers will have access to your
resume. Should you have any further questions or concerns, please do not
hesitate to contact us. We wish you the best in your quest for a job in the
Middle East and look forward to working with you.


Regards
Shirin Pillay
A member of the JID Recruitment Team

2600 Skymark Avenue
Building # 5 Suite 104
Mississauga, ON L4W 5B2
905.625.2716
accepted@jobsindubai.com

- - - - - - - - - - - - - - - - - - - - -

So, if you are looking for a job in Dubai or gulf countries and ready to pay money to this website then enquire first and then pay Canadian $92.

Right To Education For 6-14 Age Group Children

The Union cabinet on Thursday cleared the right to education bill. This will be introduced in parliament in December. After Right to Education (RTE) becomes law, education will become fundamental right for age group of 6-14.
Currently Right to Education is directive principle of the state policy.
Group of Ministers (GOM) decided, both the center and state would be responsible for finance. The GOM will consult the Finance Commission for additional resources.
This will have features, which prohibit teachers from undertaking private tuitions and not letting them for use in non-educational purposes (election duty, vaccination etc).
To monitor the implementation, the bill proposes national commission for elementary education. And it chairman will be appointed by a committee consisting of Prime Minister, leaders of Opposition in both houses of parliament and Lok Sabha Speaker.
This bill will cost nearly Rs 12,000 crore every year to the government. Private unaided school will also have to reserve 25% for the poor in the neighborhood.

IGNOU Goes Online – Access good study material from IGNOU free of cost

The Indira Gandhi National Open University was established by an Act of Parliament in 1985. Today it serves the educational aspirations of about 1.5 million students in India and 35 countries abroad through 11 Schools of Studies and an elaborate network of 58 regional centres , 7 sub- regional centres , 1400 study centres, and 41 overseas centres. More Details here.
EGyanKosh – A national digital repository of learning resources, where all the self-instructional material of all the program of IGNOU are made open to the public. University has entered into an agreement with “Google Ireland Ltd” for the telecast of the university videos on the “YouTube” channels as well.

IGNOU also entered into online course where it currently provides Master in Lib. And Information science, and PG certificates in cyber law. It will provide all courses online and will launch its online additional facilities soon.

IGNOU is also going to provide its students walk-In admission, integrated multimedia course ware (personalized learning space), online counseling and mentoring, 27 * 7 learner support, assignment management system, e-tutor based practical, group-based online seminar and online term-end examinations.
Visit the EgyanKosh website and get the link of all the facilities. This is IGNOU website.