Why Punjab And Sind Bank, Rbi And Upsc Recruitment 2013 Is Expected To Charter Progressive Careers

Depending on this foresight or at least the thought of it, people try to select the particular organisations in which they will apply when the vacancies are submitted for public applications. Jobs in RBI or Reserve Bank of India are helpful for the recruits as are the jobs in Punjab and Sind Bank.

Getting recruitment through IBPS in Punjab and Sind Bank in officer rank

Since banking jobs are sought by people in India in general, people from different backgrounds have gone for these vacancies. In the Punjab and Sind Bank recruitment 2013, there will be a lot of posts which would be coming out in the subsequent months. This is one of the participating nationalised banks in the IBPS or Institute of Banking Personnel Selection process. With the clerical level exam for IBPS already over in December 2012, the results will soon be declared. Then, candidates can apply for this particular bank, when the vacancies are published. One can enter into the posts of clerks or probationary officers or specialist officers.

RBI as the highest banking institution and hence a privileged posting

RBI is the highest banking institution in the country, responsible for regulation of the banking rules and financial situation of the entire country. The enormity of the function is only possible to be known if one clears the RBI recruitment 2013, which is going to be conducted in the recent months. Working in capacities of clerks or officers in RBI in itself is a great achievement. Further, it can be a learning experience in managerial and executive levels. It is a privilege working with the top minds in financial world while in RBI. RBI recruitment 2013 will be therefore in the top of the list of preferences among the banking job aspirants of India.

Pay scale is quite good in banking sector In these banks such as Punjab and Sind Bank there is a good pay scale, which comes along with a variety of perks and allowances. In the officer levels, these are among the best paid executives in the country. RBI officers are also highly paid and have variety of perks. It can be easily said that the pay scales in these banks are among some of the best organisations in the country.

Gazetted, officer positions through UPSC

UPSC recruitment 2013 is supposedly among the best ways to find a prosperous and progressive career in India. Union Public Service Commission or UPSC is the body constituted in the country, to look after the recruitment process of Group A and B category, gazetted officers in the country, in different departments. For the purpose, it conducts written exams and interviews for various organisations. There are exams like Special Class Railway Apprentices for engineering graduates, CDS and NDA for army recruitments at 12th and graduation levels respectively, IES, ISS, civil services, etc for selecting candidates to work in the highest administrative and managerial positions in various organisations. This suggests that UPSC recruitment 2013 will be, a dream come true for many candidates, much because of the high level of designations that they will receive after clearing the exam.

These organisations of RBI and Punjab and Sind Bank have the potential to bring up the best in the careers of the recruits due to their variety of posts, pay scales and managerial positions. UPSC recruitment has intake of thousands of posts in various gazetted officer positions, which are the dreams of millions of students in the country.

Nine Trillion Gone From The Central Banking System And No Body Knows About Exactly Where The Dollar

Revenue by itself is just an notion backed by self-assurance. People in an economy use income as a way to transact goods. Cash is the way that people use to purchase a coffe or cappuccino but it is the coffe or cappuccino what folks seriously want to buy. In this regard, cash by itself is useless and is just paper. It is what funds can get you what determines the value of money.

Before 1971 the dollar as a currency used to be to be coupled to gold. Hence, there was a provided quantity of dollars that the banking cartel System have been able to create per ounce of gold. Additional importantly, there was a limit as to how significantly funds could be printed out. The wall imposed discipline on the beaurocrats and the dollars supply. By getting backed by gold, there was a organic limit as to how much of a currency the banking cartel could inprint and how much the government could loan from the central banking system. Absent the gold limit, the central banking system is absolutely free to print as much income as they feel necessary and the government can borrow as considerably revenue as it needs from the central bank.

By now you must have an notion of exactly where the 9 trillion missing from the central bank have gone. Obtaining limitless power to print as substantially dollars as desired, the central banking system has gone and saved banks, private institutions and other private bodies with the excuse of saving and stabilizing the economy by preventing system wide threat. But the reality is farther from the truth. In reality, what happens just about every time an additional dollar is printed is that the value of existing dollars in the entire economy and in your individual pocket sheds value, giving rise to the appearance of rising gasoline rates, increasing meals and power costs and increasing dwelling rates.

The inspector general was questioned about what happened to the 9 trillion gone from central banking system vaults utilized to safe the Federal government. According to the video, she is in lead of maintaining an assessment on statement transactions. To add more, Bloomberg reports that there may well be off-balance sheet additions to the revenue general supply not reported by the banking cartel, which means that the banking cartel may possibly be printing revenue out of thin air and they are not reporting the expansion in the cash supply.

Congress does not have the right to check the Federal Reserve with the excuse that it would stop the bank from getting to be a self reliant unit and would avoid it from acting in the greatest interest of the public provided that Congress would get in the way. As a consequence, chances are no one will ever uncover about the nine trillion gone from Federal Reserve banks, where the funds went or who spent it. Like the massive bank often does, they will just write it off and the taxpayer will bear the cost by means of higher rates at the pump. Now you know Subsequent time you hear that the Federal Reserve is quantitaively easing the cash supply, you should really understand that they are printing revenue that have no backing and that your fundamental goods such as food, energy and clothing will be going up in price quickly.

Exploring Top 10 Business Sectors In India

The Indian economy is one of the fastest growing economies in the world and this is evident from the increase in b2b business space India shares with the world. Apart from the big business houses, the real contributors towards the economic growth are the small and middle sized enterprises belonging to different industries.

To learn about different business sectors of India, there is no better place than a b2b
business directory, where these businesses open their doors for the world. Considering the popularity and growth rate of businesses, here is a list of the top 10 business sectors of India.

Foods and Beverages
The foods and beverage industry of India has gained popularity in the past 3-4 years, mainly due to the changing lifestyle and eating habits of the people. Most of the segments have recorded an increase in revenue from 2005 to 2009, the alcohol segment being on the top. A growth rate of 7.5 percent is expected between 2009 and 2013 to make it a 330 billion dollar industry by 2013.

IT Industry
The information technology business sector of India is expected to increase by 14.1 percent from 2009 to 2010. The expert analysis predicts the industry to become 67 billion dollar industry in 2010 and to increase by 11 percent by the year 2013. IT services, software as well as hardware segments are making great contributions towards the growth rate of IT industry as a b2b business.

Health Industry
Due to a huge different in the healthcare costs in India and the western countries, the health industry of the country is experiencing a growth in terms of business. The analysis shows that the current 35 billion dollar industry is going to touch the figure of 75 billion dollars in 2012 and 150 billion dollar by the year 2017.

Telecom Industry
The growth of telecommunication business sector in India can be easily termed as a revolution. The country enjoys the second rank as the telecom network provider. The rise of 3G services and mobile telephony has also contributed significantly towards the growth rate in the sector. The mobile subscribers in the country are expected to grow by 11 percent from 2010 to 2014.

Textile Industry
Textile industry of India is a globally reputed b2b business sector. The total textile exports from India contribute towards 27 percent of the total foreign exchange. Cotton, silk, jute, woolen, hand-crafted and readymade textiles are the main segments one can find in a global Indian b2b business directory.

Auto Industry
The Indian auto component industry has been growing with a consistent growth rate of about 20 percent since 2000 and the rate is expected to remain consistent till 2015. Engine parts, drive transmission ad steering parts, suspension and braking parts and electrical parts are main contributors towards the growth of this global b2b business sector.

Construction Industry
Accounting towards 11 percent of Indias total GDP, the construction industry is an exporter of various raw materials to the world. For example, China is the biggest consumer of steel exported by India. Besides, the cement industry is a significant contributor in this category.

Handicrafts
Indian handicrafts enjoy a great demand in the foreign markets like those of USA, UK and Australia. Wooden handicrafts, jewelry, hand printed textiles and crocheted goods are some of the main segments that bring foreign exchange of the worth of 3 billion dollar to the country.

Energy
Both renewable and non-renewable energy sources have contributed towards the growth rate of energy sector of India. Natural gas, LPG and solar energy are the segments that have been consistently growing.

Banking and Insurance
Investment banking, credit cards, mortgage and insurance products are the segments that contribute towards the growth of banking and insurance sector of India. For example, the number of debit cards increased by 40 percent from 2006 and 2009.

To find the companies showing growth in the above-mentioned business sectors, you can refer to a b2b business directory. Apart from them, there are many other industrial sectors growing in the domestic as well as global markets.

Branchless Banking The Financial Services Of The Future

There are some exciting and innovative times ahead for the banking industry. The world’s financial organisations always looking for new ways to offer customers the sophisticated levels of service they want while simultaneously cutting costs, and one exciting area of development is branchless banking.

Customers are already extremely familiar with the functionality on offer at the average ATM machine and a large proportion have also got to grips with all of the excellent services available through online and mobile banking. Now, there are engineers and inventors quietly working on ways to boost the brilliant services provided by these technologies, making it possible for people to find a full range of banking functions on offer from a computerised terminal.

There was once a time when such a proposition seemed unlikely to take off, but that was long before the days of self service checkouts at local supermarkets and swipe cards to get on and off public transport. As the world becomes increasingly technologized, a far greater portion of the population is highly computer literate and on the look out for all innovations that can help them better utilise their free time.

The convenience of branchless banking services is one of its major selling points. The ability to access financial details on the go or at a conveniently placed ATM machine rather than having to set time aside to visit a physical branch is something that greatly appeals to today’s time-poor workers. What’s more, the range of different online and computer facilitated services available means that there are a good range of options for people to choose from.

While some customers will always prefer the option of speaking to a teller, others welcome the anonymity of sorting out their finances at a fully functional ATM machine or paying bills via their phones. It’s up to banks to consider the needs of their far reaching customer bases and provide the most appropriate service for them all. As technology continues to grow, it is increasingly likely that more and more customers begin looking for branchless solutions for their banking needs.

Retail teller machines are huge development when it comes to the potential of branchless banking. These, unlike ATM machines, tend to be cashless, and are instead designed to talk customers through the various policies and services the bank offers in a no pressure environment. This will appeal to customers who want to learn about the products open to them, but who want to have plenty of time to consider their options as well as avoid a potential hard sell.

RTMs can already reduce queues and pressure in bank branches and the fact that they could be installed and maintained in areas where a full branch isn’t feasible means they’re sure to offer ever greater options to customers in the future. The further development of RTM and ATM software designed to simplify financial services will help make it increasingly easier for the average customer to get the information and services they need while also helping banks cut costs.

The World’s Top Tax Havens

When it comes to top tax havens, Panama and Switzerland are the favorite offshore jurisdictions of investors. For many years, investors viewed Switzerland as the go-to place when desiring to place money in an offshore account. Panama has joined Switzerland in these ranks and now the two are the most sought after jurisdictions for investors world wide.

Both countries offer a high level of security for both your financial and personal information, though in recent years, Panama has come to offer a higher level of security and anonymity. When opening a bank account in Switzerland, one must now provide such information as a social security number, whereas in Panama this information is not required.

Due to the high pressure from other countries, and tax treaties with certain countries, Switzerland has undergone changes in its banking policies and security laws. Panama however, does not have tax treaties with other countries (except in a limited capacity with the US) and operates independently, so it is able to uphold the laws that it has in place.

This should not deter you from choosing to bank in Switzerland though. Compared to the other offshore jurisdictions that you have to choose from, both Panama and Switzerland are still the best offshore companies for tax breaks. Most Swiss banks are long standing, well established facilities that provide a measure of protection for investors if for no other reason than the fact that they have a long business history of providing safe banking. With so many offshore scams popping up and stealing money from investors, the many people feel secure using Swiss banks because of the long history they provide.

Though Panamanian banks do not have as long of a history as the Swiss, many people are so impressed with their level of bank secrecy laws and practices that they are willing to take a chance and invest their money in Panama instead. For those that are highly concerned about their tax information being exchanged with other agencies or authorities, Panama banks can provide the level of protection and anonymity that they are looking for.

Panamanian banks do provide a higher level of asset protection, if only for the fact that they operate without any tax treaties from other countries and will not release an individual’s information. The only case of bank secrecy being lifted in Panama is in the case of a severe criminal investigation, and even then the agency looking to lift the secrecy will have to make a strong case and go through the proper channels including the Panama court system.

There are of course many other countries and jurisdictions available for you to establish an offshore banking account or an offshore incorporation. While many of these countries are also viewed as tax havens and top choices for investment, if you are looking for the best you should consider placing your investment into a facility that is located in a Switzerland or Panamanian jurisdiction. That way, you can rest assured that your money is in an established facility that will offer you the protection that your assets need.

Over One-Third of Income Spent on Mortgages or Rent in Many Households

Although mortgage interest rates have hit a historic low, many households are paying over a third of their income on housing costs. According to an Ipsos MORI survey commissioned by the BBC’s Panorama programme, 31% of household surveyed spend over a third of their income on a mortgage or rent. There are a number of reasons why this may be the case, including a shortage of affordable housing, high property prices and an overheated rental market.

A Shortage of Affordable Housing:

The UK is not building enough houses each year to meet demand, according to figures produced by the housing and homeless charity Shelter. Since 2008, the construction market has been in the doldrums. The government attempted to boost the new-build market with phase 1 of the Help to Buy scheme. Launched in April 2013, this initiative was designed to encourage first-time buyers to purchase new-build properties by allowing them to borrow 20% of the purchase price from the government. Combined with a 5% deposit from the borrower, this left only 75% to be borrowed from a mortgage provider. The scheme has now been extended to cover all buyers and all properties.

Since the scheme began in April, there has been a 6% rise in the number of homes built in the UK.

High Property Prices:

The shortage of affordable property has been steadily pushing property prices up over the last few years. The average house price has been increasing by just over 3% per year and this trend looks set to continue. The Office for National Statistics (ONS) reported that property prices had reached a record high in August 2013. At that time, the average price for a property in the UK was 247,000. This is around ten times the average UK income.

Higher property prices mean that households are stretching themselves by taking out larger mortgages in order to buy their home. As a result, the financial benefits that could be gained from low mortgage interest rates are offset by higher levels of borrowing.

The research conducted for Panorama revealed that 46% of respondents think property prices in their local area are too high. In addition, 39% would like to see property prices fall.

The Rental Market:

Following the banking crisis, lenders have become much stricter about who they will lend to. When borrowers do pass the credit checks, lenders are insisting that they provide a deposit of at least 5% of the property’s value. As a result, many people find that they are unable to buy their own home and have to turn to the rental market. With more people looking for properties to rent, landlords are able to push up rents. The average cost for renting a home from a private landlord in England and Wales reached a record high of 757 per month in September 2013. This is an increase of 2.1% over the past year. The problem is particularly acute in London, where the average rent is approximately 1,200 per month.

Paying high rents can prevent individuals from saving the money required to put down a deposit on a property.

Search Jobs in Banking for a Fruitful Career

The banking sector in India has witnessed a huge expansion in recent years, throwing open a world of opportunities. If you are at a stage planning your career path, search jobs in banking positions to get an idea of the options it has to offer and be sure to be overwhelmed.

Benefits of a banking career

The size of the banking sector is proof enough of the multitude of career options it offers. It is still at the expansion stage and offers many openings at various levels. The benefits it offers are enough to attract talent towards this industry.
Expanding sector: Over the years, the banking sector has seen many changes. Liberalization in the year 1991 was one of the biggest changes the industry saw. The number of banks in the nation shot up greatly with many private players entering the market. However, compared to other developed economies, this sector in India is still at the developing stage with a huge scope for expansion.
Growth opportunities: As the banking sector is expanding, it is also offering a great amount of job opportunities. Multiple jobs are posted on various job portals and you can also get job updates on mobile phones. Entry into the industry is just a beginning of the growth process, as there are ample opportunities to grow and reach high levels. The fierce competition in this sector is forcing every organization to adopt means to retain the best talents. Even public sector banks are keeping up with the competition and formulating policies that go in favor of the employees.
Competitive pay packages: To control the attrition rate within an organization, it is important to match up with the demands of the time. Pay packages play an important role, when it comes to executives switching jobs. To see to it that talent is not lost, banks try to keep up with the salary standards compared to other sectors.
Good working conditions: A banking job is considered a white collar job with excellent working conditions. Compared to other industries, the working hours are decent with very rare occasions of late hours. The atmosphere is absolutely professional, and balancing work and family life is possible in this industry.
Job rewards: Being a part of the banking industry has rewards that go beyond the attractive pay packages. There are several benefits that a bank employee enjoys, which employees of other industries lose out on. One such significant benefit comes in the form of loans offered at lower rate of interests to bank employees as compared to non-bank employees. Consider this to be a job perk, but it is a rather significant one. In order to earn a living, one either goes for self-employment or service. If you are planning to take up a job, it would be advisable to take a look at the banking sector. Search jobs in banking companies and you may find a diverse range of requirement with opportunities not being limited to financial backgrounds. You could also enter the sales field or the technology handling section. Needless to say, the benefits are many with a chance to have a balanced life.

Search jobs in banking companies to explore the opportunities available. Talent is required in various fields like sales, marketing, and technology. Sign up with a job portal and get job updates on mobile phones to stay in touch with the industry needs.

Travel Insurance Tips For Dummies

Travelling abroad neednt fill you with worry, but its important to be covered just in case the worst does come along. Flight cancellation and loss of baggage or passport are some of the more trivial things that could happen while your away, but you could also find yourself in a very sticky financial situation should you or one of your group become ill or suffer an accident. Outside the EU, medical expenses wont be covered, while even inside the EU you may need to pay for transport home or private treatment. Taking out the correct travel insurance policy can cover you against all of these misdemeanours, and give you peace of mind while youre away. If youre looking for the best travel insurance deal for this summer, then take a read of this article for some tips for finding the best policy.

Check What You Already Have
If youre a premium customer with a bank or credit card company, then chances are that youll already have travel insurance included. This is particularly likely if youre paying a monthly fee for your banking. Make sure you check this out with your bank and read the small print of the deal it might not be valid outside of the EU or if you have special circumstances, but a phone call should clear this up. If you dont have a policy already, then it really pays to shop around. Its easier to do now thanks to the web all you really need to do is key travel insurance into a search engine, flick a few of the results and enter your requirements. Price comparison websites are particularly useful, so if you filter through a couple of these then youll be on the right track.

Special Clauses
Anyone with special conditions can get quoted ludicrously high amounts from most traditional insurers. People with histories of serious illness or disability, and those who are pregnant or over sixty-five can all find themselves struggling to justify the cover price. Make sure you have an EHIC card (when travelling within Europe) and check out specialist insurers that may be able to give you a better deal. If you find the cover to still be unaffordable, then the price may drop if you ask the insurer to exclude pre-existing conditions; though its then your call on the risks of going abroad with limited cover. Also, the EHIC card wont cover you for everything. In fact, it will only give you as much medical cover as a local citizen in your destination country it wont cover you for luggage loss or plane ticket cancellation.

Dont Over Cover
When searching for a policy, its important to understand what kind of cover you need. If you just take the first policy you find, youre likely to either be substantially over insuring yourself, or perhaps even under insuring. Be particularly wary of premium insurance deals offering extremely high amounts of cover when you dont really need it. For instance, do you really need 50 million worth of medical insurance cover? The answer is almost certainly not. In fact, its probably best to go for something more towards the 2 million mark for maximum medical expenses cover, while you should go towards 1 million for personal liability. Flight cancellation is also worth considering too no one wants to be in the nightmare scenario of not being able to go on holiday for whatever reason, but then having to stump up for it anyway.

Banking Jobs In Bahrain

Bahrain undoubtedly is the financial hub of the Middle East. It is also internationally known to be the most diversified economy in the Gulf region. Unlike other countries in the Gulf region that depend heavily on oil and gas production, in Bahrain, the contribution of this sector is merely 14% of GDP (2007). The most thriving sector in Bahrain currently is the financial sector. Thus, there is no dearth of banking jobs in Bahrain. These financial sector jobs have been increasing as the sector has seen ample growth over the past few years and Bahrain has become an attractive career destination for qualified expatriates in this field. Other than the financial sector, other booming sectors in the region include professional services, logistics, ICT, and manufacturing sectors.

Bahrain boasts of the highest and most transparent regulatory and supervisory standards in its financial sector and has thus become the most established financial hub which has attracted investors for businesses in this field. Despite being such a small country, it has attracted a lot of foreign investment in this region as it is the tried and tested ground for banking and insurance sector. In the region, there are more than 400 licensed financial institutions which contribute nearly 27% of GDP (2007). These institutions operate in banking, insurance and funds. Also, Bahrain is a hub for Islamic finance as the largest number of Islamic financial institutions is located in the region. Owing to these reasons banking jobs in Bahrain have become quite attractive to skilled professionals across the globe.

Bahrain banking jobs are very lucrative too. The prime reason for this is that it is a tax-free region. Thus, no taxes are levied on the compensation of an individual. This is a major puller for expatriates who throng the region to take up such jobs and make savings for a lifetime. These expatriates take up jobs on contractual basis and leave the country at the end of their term but by the time they leave, they save enough money to make the period of stay worthwhile. The quality and the standard of lifestyle offered in Bahrain are also world-class. Though one might find a huge difference in culture but with an open mind, one can enjoy the luxuries offered by the place. One has to be a little open-minded to settle well in the country and accept all the good that it has to offer.

To get a Bahrain banking job, one can apply through various mediums such as recruitment firms operating in the area, newspapers, job sites and also by directly applying to these banks that regularly advertise their vacancies on their websites. If going through a recruitment agency, it is always advisable to choose a certified agency because there are a lot of sham companies operating in this field who make unsuspecting job searchers a prey. Once short listed, the candidates have to go through a comprehensive selection procedure as the standards of selection in top financial companies are also very high. The employer becomes the sponsor of the expatriates who work in Bahrain. In your employment contract, there are other included benefits too. For instance, many employers offer housing, education for children and one annual free trip back home to employees. Considering these benefits, a banking job in Bahrain becomes a sought after one.

Despite the current economic downturn, Bahrains established status as the financial capital of the Middle East is ready to weather these tough times. The sector has seen a surging employment growth in Bahrain’s financial industry in the last few years. There is an emphasis on employing local Bahrainis as the countrys education system has evolved and is producing graduates ready to take up jobs. However, there is still a lot of demand for foreign workers. Prominent financial services companies operating in Bahrain include some big international names such as AIG, American Express, Bank of China, Citibank, European Islamic Bank, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Hanover Re, HSBC, Royal Bank of Scotland, JP Morgan, Lazard, Merrill Lynch, and Standard Chartered. The expansion of these firms in the region has ensured that more and more jobs are being created each year. Apart from banking, insurance and funds are the other two branches in the finance sector that are employing expatriates in large numbers.

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