Happy New Year 2013

Discover new joys, embark on new journeys and give more meaning to your life….May your eyes, mind and heart be filled with true spirit of starting a new year that gives a fresh dimension to your life. Happy New Year 2013… cheers J

Extracts from the diary of one of my gr8 n fantabulous friends

It is you who empowered me to share these things. I am thankful to you.

Energy can neither be created nor can be destroyed but can be transformed from one form to another. We had studied this statement in our childhood but we came to know about its implication today in the class. The true and real teacher transmits not only some messages but his energy . The class becomes lively with the energy of teacher. Like a single sun imparts light in the whole solar system, a single teacher transmits his energy to infuse life in the class. The name of our faculty today was Mr.Ravish Bhateja but to speak frankly there was no thing rubbish in his teachings. His humorous and informal way of interacting with us created a strong magnetic field in a very short span of time. His focus upon simplicity and small things of life was clear from every of his sharings. What a positive way to start the class by recognising the importance of smile( more distinctly SMILE FLU) in our every day life. Smile indeed is precious gift which adds value to any of our relationships and it is universal language that transcends any political boundaries. He soon showered us with leadership and motivation success mantras. When the whole world is busy loving objects and others, he emphasized us to love ourselves. Also he made us feel that it is we who have to motivate self; We are the best and we know it. A simple but a very powerful statement. We know that knowledge is based on ignorance and our success should also stand on the pillars of realistic mistakes. Also if we look great, we feel great and be great. The class started with these powerful mantras and i can hardly express how energetic we were by the breakfast time.

The class proceeded further with a motivational video emphasising on seeing good things on whomsoever we come across. The intellect of human mind has made every one a judge and we easily pass judgements upon others. But we people mostly use it to criticise destructively and to put others down. Our small appreciation and praise can make their day and even their life better. But it is a bitter fact that it is hard to find such people. Life is wonderful and it becomes so by the wonderful people and environment around us. We exist in group and not in isolation. The truth that smile can not be faked in our pictures was also highlighted through the video.

Our energy level was again taken to the next level by motivational clip of Robin Sharma. Robin Sharma while motivating Microsoft employees was focusing upon artistic performance of work. As per him focus( dark focus) when combined with time produces a genius. His statement was corroborated by citing an incident from Pablo picasso's life. Brilliancy in our relevant work area can not be denied to make us an artist. Behind every piece of great work there lies genius behind. The necessity of creativity and enthusiasm was highly emphasised. I think it would not be wrong to say that enthusiasm drives people and any organization they are related to. We imminent professionals underestimate ourselves but we can become genius if we have that patience to focus and move along with time. Patience let magic happen in our life, but how many of us are ready for it? A simple statement but it serves as foundation for success. The next requirement emphasised was hard work. The harder we work, the luckier we get. I think continuous hard work is the jewellery of ones life that adds beauty to our life. After all we know that we are architectures of our own destiny.

The session proceeded with interactive play focused to elicit leadership, communicative and co-ordinating skills among us. This activity made us interact more and allowed us know of our team's strengths and weakness. The next play was focused on our ability to listen effectively and presenting the things as effectively as we have listened. It made us realize how attentive we need to be.

The day was full of energy and we got no notice of how time passed by. The humor element was consistently delivered by our faculty till the end of the day. We crossed one more day of this GMCS journey with bulk of knowledge that will definitely be of great use in days to come. We thank you very much Mr. Ravish Bhateja.

 

Sitaram Basnet

GMCS- 47 (GZB)

Check your cheque's Status

Add one more item — get a new cheque book — to your list of 'things to do' before the New Year. You may not be able to use your old cheques from next year with the implementation of the new Cheque Truncation System (CTS-2010), which will eliminate physical movement of cheques for clearing. Instead, only their electronic images, along with key information, will be captured and transmitted. It will make the clearing process more efficient, secure and quicker; but for that, you must switch to new cheques with prescribed standard features before December 31.

"Customers need not worry about the impending CTS implementation. I am sure they will not be inconvenienced due to the migration process. Some transitory period, from January 1 to March 31, could be given during which both types of cheques will be accepted. Banks are sending messages to customers now so that they comprehend the urgency and act upon it," says AC Mahajan, chairman, Banking Codes and Standards Board of India (BCSBI).

CHECK YOUR CHEQUE'S STATUS

If you have ordered your cheque books recently, say, a month ago, you may already have the new cheque leaves with you. Since most banks have already migrated to the new system, chances are that your bank would have sent you CTS-compliant cheque leaves.

However, if you have received the cheque book more than two or three months ago, you need to run a status check. For instance, the compliant ones will have the new rupee symbol (.`) inscribed near the numerical 'amount' field.

"Visibly, there will only be the following difference: "Please sign above" is mentioned on the cheque leaf on right had side bottom; and, void pantograph (wavelike design) is embossed on left hand side of the CTS cheque leaf," explains Anindya Mitra, senior vice-president, retail liabilities group, HDFC Bank.

GET YOUR OLD CHEQUE BOOKS REPLACED

If you haven't received the new form of cheque books already, speak to your bank as early as you can. "Banks could adopt two methods to replace the old cheques. One is to send new cheque books by registered post and ask users to cancel the old ones. Customers may be asked to show proof of the same to the bank. They may also ask customers to surrender the older ones. Or, the customers can visit the bank branch themselves to surrender the old cheques and receive the CTS-compliant ones," says Mahajan. Banks will not charge any fee for replacing the old cheque leaves.

ISSUE NEW POST-DATED CHEQUES FOR EMIS

If you have issued post-dated cheques (PDCs) for your home or auto loan EMIs, you will have to issue fresh cheques. "RBI's guidelines to NBFCs state that if they have accepted post-dated cheques from their customers for future EMI payments, they should get them replaced with CTS-2010 standard compliant cheques before December 31, 2012. This will be applicable to banks as well," explains VN Kulkarni, chief credit counsellor with the Bank of Indiabacked Abhay Credit Counselling Centre.

"Most of our customers have opted for the ECS (electronic clearing system) mode for their EMI payments. So, the new sys-tem will not impact them. Only a small percentage of borrowers pay their EMIs through post-dated cheques. We are asking them to give us new cheques and accept their older cheques back," says Abhijeet Bose, head, retail assets and strategic alliances, Development Credit Bank.

Source: Article- The Economic Times