INDIA- THE FUTURE LOGISTICS HUB

Logistics in India don't differ too markedly from logistics anywhere else in the world. It's the the art and science of managing and controlling the flow of goods, products, services, energy, information and people from the origin point to the destination point. It includes the proper combination of several activities such as material handling, warehousing, and information, for the purpose of ensuring supply of the right product, at the right time, at the right place, for a right cost in the right condition.

  

In the past, India has been the student rather than the expert when it comes to the field of logistics. But with its current expertise, valuable human resources and positive plans, it surely is walking on the path of being a service provider of class. There are several factors that benefit the Indian economy for reaching success in the field of logistics,

1. India is the fourth largest economy in the world.

  2. It is believed that about one-quarter of the youth population of the world resides in India.

  3. India has human resources that are high in knowledge and abilities.

  4. It is the second-largest English speaking workforce.

  5. It has the 2nd largest pool of qualified technical workforce.

India spends 13 percent of its Gross Domestic Product (GDP) on logistics as opposed to the usual practice of 10 percent by other developing nations. The Indian economy is striving for improvements in the field of logistics and supply chain management to gain the competitive edge in today's worldwide economy. The Indian government has favored the logistics market of India by making some helpful plans and policies to assist in its growth.

There are several events organized for the promotion of logistics in India which are focused in their approach and relevant to the business solutions besides providing a solid platform for allowing people from a wide industry spectrum to meet and provide business within themselves from all over the country. This has been an emphatic source of providing business solutions and their development.

Several global third party logistics providers (3PLs) have already started developing their operations and service networks in India with a purpose to explore the rampant Indian economy.

This has resulted in the creation of the need for a vast range of supply chain management (SCM) and logistics solutions which cover several factors such as supply chain, logistics, material handling, storage, Information technology (IT), warehousing and inventory management. This has benefited the efficiency and productivity of the complete value chain in several dimensions of profits, speed and customer service.

The Confederation of Indian Industry (CII) is the premier business organization with a known commitment towards the development of logistics in India. It has established the CII Institute Of Logistics which is a specialized state-of-the-art institute of excellence with its focus on SCM and logistics. It is brought up to satisfy the latest industry needs for specialized SCM and logistics.

India is being treated as the destination of the future in the field of logistical service providers all over the globe. Indian logistical market players have started to gear up and position themselves in the global scenario. The true potential of these service providers is yet to be realized. India is keen to offer transportation and logistical service to grow itself as an emerging marketplace. The key sectors include fashion, gems, jewelry, pharmaceuticals, precision tools and engineering goods, all of which need special shipping provisions.

THE EURO CRISES

THE EURO CRISES

The acute phase of the global financial crisis was short, lasting from the collapse of Lehman Brothers on September 15, 2008, to the day the Dow hit a trough on March 9, 2009. But, like a violent heart attack, the interruption of credit—the economy’s life blood—lasted long enough to permanently damage the industrial countries at the center of the crisis. The damage took three main forms, each of which poses a major risk to the stability of the global economy today: high and rising public debts, fragile banks, and a huge liquidity overhang that will need to be eventually withdrawn.

The Euro crisis, which strikes at the heart of the world’s largest trading block, contains only two of the three fateful elements—problematic sovereign debt in Greece and other vulnerable countries, and fragile European banks, which hold a large part of that debt. Monetary policy in the Euro area and in industrialized countries more generally, remains expansionary and, if anything, the crisis pushes back the time when tightening can occur safely. As a result of the problems in Europe, the world economy has become even more exposed to the three mega-vulnerabilities.

The Deeper Causes of the Euro Crisis

While ballooning public debt may be the clearest manifestation of the Euro crisis, its roots go much deeper—to the secular loss of competitiveness that has been associated with euro adoption in countries including Greece, Ireland, Italy, Portugal, and Spain (GIIPS).

The sequence of events that led to the secular loss of competitiveness is depressingly similar among the GIIPS countries: 

§  The adoption of the euro was accompanied by a large fall in interest rates and a surge in confidence as institutions and incomes expected to converge to those of Europe’s northern core economies.

§  Domestic demand surged, bidding up the price of non-tradables relative to tradables and of wages relative to productivity.

§  Growth accelerated, driven by domestic services, construction, and an expanding government, while exports stagnated as a share of GDP, and imports and the current account deficit soared amid abundant foreign capital.

§  The result was that indebtedness—public, private, or both—surged.

Meanwhile, following reunification, Germany was undergoing a historic transformation to become the world’s largest exporter, and all of Europe’s northern economies reaped the benefits of the expanded market and decreased competition offered by the GIIPS. But the growth model in the GIIPS was inherently flawed: eventually, the domestic demand bubble burst. Now, governments must shrink, and high costs preempt any efforts to resort to export markets for growth. Countries are stuck in a low growth equilibrium—and potential domestic battles over the limited resources will only accelerate the onset of crisis.

This basic story fits the Euro area periphery, but the details vary within each country. For example, Italy and Portugal saw growth peak very early on, while Greece, Ireland, and Spain enjoyed decade-long booms followed by busts during the global crisis. The single monetary policy of the euro was too loose for the countries who enjoyed the biggest boom and accentuated their inflation and competitiveness loss, while it was too tight for larger economies like Germany, depressing domestic demand there and widening its unit labor cost advantage vis-à-vis the GIIPS.     

Effects on Other Countries

A similar and even more virulent strain of the euro disease has already hit countries that are not part of the Euro area but that pegged their currencies to the euro many years ago, beginning with Latvia, Estonia, and Lithuania. Other recent EU joiners, such as Hungary and Romania, retain flexible exchange rates, but are constrained by large foreign currency debts in their ability to devalue. As a consequence, they too suffer from the euro disease.

The rest of the world will feel the effects of the Euro crisis via six important channels: first, the crisis will lower growth in Europe, a market toward which about a quarter of world exports are destined. Second, it will lead to further euro depreciation, sharply reducing profits from exports to Europe while also increasing competition from the continent. Third, by keeping policy rates low in Europe and potentially other industrialized countries as well, the crisis may encourage capital surges into emerging markets. Fourth, the crisis will add greatly to the volatility of financial markets and will lead to bouts of risk-aversion. Fifth, and potentially most important, the crisis could deal a mortal blow to many fragile financial institutions. Sixth, a failure to contain the crisis will raise the alarm on sovereign debt in other industrial countries and, inevitably, in any exposed emerging market.

Response in the Rest of the World

Most importantly, this crisis shows countries outside the Euro area that they need to rely more on domestic demand and on the demand of emerging markets and be even more cautious when formulating macroeconomic policy. In addition, prospective euro joiners should take heed and delay entry until they have dealt with their lack of competitiveness. Based on the experience of the GIIPS, if and when they enter, they must discourage a flood of investment from going into non-tradable sectors and they must maintain large fiscal surpluses.

The Euro crisis experience has also reinforced the message that strictly pegged exchange rates, combined with open capital accounts and the ability to borrow abroad (as in the GIIPS and the Baltics), can be dangerous. Countries with flexible exchange rates or pegged exchange rates but tight capital controls have dealt with the dislocation caused by the Great Recession better.

Last but not least, the Euro crisis has exposed the limitations of regional mechanisms—even among countries with deep pockets—in dealing with financial crisis and underscored the vital role that a global lender of last resort, in the form of the IMF, can play. Not only can the institution bring more resources and broader expertise than would plausibly be available to a regional institution, but its distance from potentially divisive regional politics can represent a big asset.

Educated illiterates: http://www.youtube.com/watch?v=LShriG7xqOk Few pe...

Educated illiterates:
http://www.youtube.com/watch?v=LShriG7xqOk
Few pe...: "http://www.youtube.com/watch?v=LShriG7xqOk Few people really forgot the meaning and importance of life..Lets redefine it. I hope this video..."

http://www.youtube.com/watch?v=LShriG7xqOk

Few people really forgot the meaning and importance of life..Lets redefine it. I hope this video will convey my message to all those who are ready to take lives for granted.I really feel sorry for those who lost their love and life in these kind of brutal accidents..

Life will never give you a second chance..Think about it.....

As the tittle of my blog says Educated Illiterate i really like to dedicate this article to those who can read and understand common things but don't know why they are very much uncomfortable while following it. Life is a precious gift for everyone and living a life without any disability itself is a beautiful gift. Whenever i see a disabled person struggling hard for his life i close my eyes for a while and say to my lord please  bless him with courage and take away his pains so that he can find his happiness in his struggling life and  thanks to my lord for blessing me with such a happy life.At this point of time i really wonder how can a person be so selfish that without thinking of any uncertainty he drives his car/bike so fast. Honestly friends till today morning even i was like those selfish people but after watching a video  that shows how a persons carelessness can change many life i really broke down. Today while going to college i observed many people  who really don't care about themselves and at the same time about others. I don't know why but i really felt guilty. I really want to share that video with all those who drives without their senses. What i learned today is "Life wont  give you another chance" , and trust me living a life with a guilt is not an easy job.So please think again when you feel like doing a crazy stunt it can kill a whole family and their happiness.  

Best Lines I Ever Heard
  MY IMMORTAL

I'm so tired of being here, suppressed by all my childish fears
And if you have to leave, I wish that you would just leave
Your presence still lingers here and it won't leave me alone
These wounds won't seem to heal, this pain is just too real
There's just too much that time cannot erase
When you cried, I'd wipe away all of your tears
When you'd scream, I'd fight away all of your fears
And I held your hand through all of these years
But you still have all of me
You used to captivate me by your resonating light
Now, I'm bound by the life you left behind
Your face it haunts my once pleasant dreams
Your voice it chased away all the sanity in me
These wounds won't seem to heal, this pain is just too real
There's just too much that time cannot erase
When you cried, I'd wipe away all of your tears
When you'd scream, I'd fight away all of your fears
And I held your hand through all of these years
But you still have all of me
I've tried so hard to tell myself that you're gone
But though you're still with me, I've been alone all along
When you cried, I'd wipe away all of your tears
When you'd scream, I'd fight away all of your fears
And I held your hand through all of these years
But you still have all of me......
 

India a country of Cultures and blind faiths

I am neither a politician nor a Big shot, m just acommon Indian, who every day starts his journey to see a new face of India. Yes its true that our country is changing as our climate is changing because of Global warming. we say we are staying in a democratic country were every citizen is allowed to say and express what he feels. But do you really feel its same as before?? I dont think so. No one thinks like that, expressing your feeling in a group of 5 people is not democracy, a person should have the right to say in front of any one what he feels until unless his feelings are genuine is democracy. I still remember last day of my internship in Kolkata when i was on the way to my office to submit my report. The day i will never forget, because that was the first time i have seen new India face to face. I completed my project with the happiness that i will get my letter as soon as i will submit my report, with the same happiness i started my journey toward my office which is at Rabindra Sadan and hired a cab.My office was 18km from my stop so hiring a BPO cab was the cheapest affair. After covering 2-3km i found that whole highway was blocked, a cop told me that some people have blocked the highway and he was not aware about the reason why they did that he was simply clueless and was doing his duty by blocking the other end of highway, after waiting for 20 minutes i decided to take a walk. While walking i though i can take an auto from the other end of the highway, after walking few km i found that next link to the highway was also blocked and the cops were standing aside doing nothing. I said Ok lets walk little more hoping that i will get something from the next stop, that hope was the only thing that was making me moving throughout the journey. Suddenly a car tried to jump the signal and i dont know from where 5-6 small children came and stopped the car i was totally surprised with that view, those small children were holing stones and stick in their hand and i guess they were trained enough to threaten the driver, they jumped on the car and start banging it badly and warn the driver to take a reverse gear and the moment driver tried to ignore them few more guy rushed towards the car and those guys were not kids they were Big guys with heavy instrument in their hands which could have given good damage to the car and at the same time to the driver also. Driver tried to negotiate but he wasted his time. The whole highway was blocked with big stones and logs many people were standing on the road to maintain the flow of roadblock. Still i was clueless about the whole scenario, as i proceed further i found many old aged guys were shouting in front of the Police Station and the policemen were standing idle as if they were enjoying it or the other good reason can be they were use too to this drama. Whatever ignoring all these things i decided to walk further, i was on the half way to my office and by observing the scenario i understood that i am not going to get any cab or auto for my office so i started walking bit faster as i was already late by 2 hrs. Suddenly whole crowed started rushing towards the another main junction PARK CIRCLE and they blocked the whole junction by barriers printed as KOLKATA POLICE, yes it was the same barriers which KP use to control the flow of traffic but this time someone else were using those barriers and still cops were standing idle no action no negotiation, they allowed those people to do what they want without thinking about the school bus in which LKG kids were going, one 108 ambulance stucked in the traffic, many office going old faces struggling with hot whether, college going girls feeling unsafe, Few guys got late for their interviews and people like me who thought this day will be the big day for them was badly kicked. I took a hault and my eagerness to know what actually happened was at peak so i went to a cop to know what big happened which created this whole drama and finally i came to know what took place last night which ignited the whole crowed of that area. I was wordless with a big question mark on my face i started my journey as i had already covered 14km and was about to reach my office so i started avoiding the surrounding, rest 2km i was in a deep confusion, Cop told me that today early morning around 2am somehow one of the gate of a religious place got broken and nobody knows how it happened so to know what actually happened to that gate these people have done all these drama. Can anyone image just for the old rusted gate they did that?

Next day in the news i came to know that whole drama went for 5hr and whole eastern kolkata roads were blocked for around 6-7hrs.

100's of people dies in terrorist attacks, our new ministers say naxalites are the new face of terrorism, in an recent survey it was found that India is one of the most corrupted nation but i dont know why people are still silent on these issues and prefer to fight for a broken rusted Gate. This is the new face of India were terrorist attack is a common news now. Cricket is the God but none like to motivate out nation game Hockey. No one is ready to retaliate the change but everyone is trying to adjust with the change. Still we say India is a democratic country. People have the power but they dont want to use it because if they do they can loose something which in their eyes is bigger than humanity. If i have to accept this as Indian democracy so surly i will like check what our up coming generation are learning in schools about India and Indian democracy.