sbi vs. mcdonalds-reasons why sbi is failing

here, we shall discuss how the operations and human resource framework at sbi and other public sector banks of india contrasts with that of mcdonalds, a prominent restaurant chain. in the end, we shall be able to comprehend why sbi is struggling to maintain its profitable operations despite being a bank of almost every indian. let us start with the recruitment process at the two establishments. to be able to work with sbi, one needs to be a graduate and clear the competitive exam that the bank conducts to fill positions of clerks and probationary officers. for a mcdonalds job, one gets selected without any such exam, however, only those with good communication and other skills can expect to be hired. do sbi and other public sector banks actually need a competitive exam to fill vacancies. the answer is ‘no’. and this is backed by the rationale that a clerk or a probationary officer would not undertake any scientific explorations

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liberalise medicine, other studies to generate employment

practicing medicine is a job, same is with practicing chartered accountancy, cost accountancy or company secretaryship. there is, however, a difference when we talk of a law practitioner. and this difference is the one practicing law does not have to fight her way out to become a lawyer, a 3 or 5 year study programme with easy enrolments enables one to do so. engineers too have the prospect of employing their skills at work after a 4 year programme. but what about practicing medicine or being a ca, cwa or cs; for these professions, one has to struggle with getting admitted into much-coveted medical colleges or appearing repeatedly in competition-styled exams where only a miniscule percentage of aspirants is awarded a pass certificate. it is a known fact that our country lacks the number of doctors as per the world health organisation norms. chartered accountants and other finance professionals, owing to their small fraternity have formed a cartel which indulges

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lower the superannuation age of state employees to use demographic dividend

india is being positively looked upon by the otherwise aging world economies owing to its ever-high proportion of population in the working age group that is expected to spur economic growth. you may find endless bonuses of this, the bottom line is this group needs work, while the sad contrasting picture is dismal job growth rate of the indian economy. while infrastructure spending spree of the current government has given the hope for some occupation opportunities in roads, railways, ports, energy and similar sectors, would this state-backed, public spending-fueled exercise be able to serve the millions staring at work in coming days? the most rational solution is freeing the government sector employment space by lowering the age of superannuation, be it in central, state, autonomous bodies, public sector enterprises or state-owned banks. from current 58 or 60 as the age of retirement, it has to come down to at least 55, or even 52, and as a compulsion, not as

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the case for shashi tharoor as india’s president

this argument can be very simple- the republic of india hasn’t had a presidential office occupied by a young, energetic person, although almost every past president was capable and learned enough in her/ his own domain. but the question is- has the office been utilized in full capacity to add to the productivity of country’s socio-economic and political landscape? the constitution of india vests multiple powers in the head of the state, though people view her only as a person capable to grant pardon to the convicted. what about diplomacy? diplomacy or soft power is the key to ascendance of any country. do not forget the role of american burger and jeans in escalating the influence of united states all around the world. in case only military prowess defined the balance of power, soviet union and america would have, until today, enjoyed the bipolar distribution of power, in actuality it was america’s cultural influence that ended the cold war decisively

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has conventional recruitment practice failed us?

if the economy could produce enough jobs on its own, the government would have been relieved of pumping funds into programmes like mgnrega and other sops to support low income groups. that sadly isn’t the case. let’s see how conservative recruitment norms inspired indian industries’ incompetence. economists and analysts will talk of low industrial growth, rising non-performing assets of banks and the losing sheen of indian information technology sector owing to lack of skill upgradation in indian engineers, but rarely does anyone talk of how human resource failures fueled these downturns. india may be inching closer towards a place amongst top 5 economies in the world, we may be the fastest growing major economy, stats including worst credit growth, dismal private sector investment, failure of indian industry in matching up with global competitiveness and technological prowess and inadequate job growth show the ground beneath is hollow and vulnerable to collapse; not to say of our so-called demographic dividend that is

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hindustan times, ‘let’s talk about trolls’ is flawed

dissent and aggression are two dissimilar expressions. dissent should have place everywhere, in democracy or under any political regime, while aggression only serves the purpose of sowing disquiet in an otherwise orderly society. your campaign ‘let’s talk about trolls’ is heading toward the same disaster. let’s count why. primarily, it portrays trolls as antagonists, and let us remind you that being an adversary is like being the protagonist in today’s world. you have criticized the incumbent united states president in many of your articles, the world press did it, and see what feat he achieved. you may accept a simple notion that more you glorify negatives, more acceptability they acquire in people’s consciousness. what until now was being looked upon as a distractor of legitimate viewpoint will now be viewed as a contender of being a critic, a counter opinion, which may not always be construed as bad. second, you have equally portrayed women as a disempowered being in this

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kashmir has a solution, this is it

kashmir is not a sick psu, you cannot disinvest, nor can you allow subsidizing its operations through budgetary support. kashmir is a geographical region with inhabitants having uniqueness in many aspects, language, customs, political inclination and social assimilation. the region has been in grip of uprisings, terrorism, crippled education system for long, and why successive governments have failed to find a long-lasting solution is something to ponder upon. for almost three decades, and even prior to this, the kashmir issue has been dealt with by measures that could not go down well with the valley inhabitants. and let us make it very clear in the beginning itself that unless these inhabitants feel assured and integrated with mainstream india, no government can change the fortunes of this region. indian government is no colonial force, nor kashmir could produce a gandhi. people of valley may not know well what passive resistance is and this reflects in incidents of stone pelting and masked

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latest transaction/atm charges by banks is bad economics

customers of banks are trapped in a tight spot where the government wants them to keep as much money as possible in banks and shift to digital transactions, on the contrary, banks have united to levy transaction/ atm charges for cash withdrawals and deposits. this is an evident case of exploitation of customers who will have no other choice than to pay or reduce velocity of circulation of money, a greater evil. what is banking? someone with surplus money hands over this extra to a responsible party which can lend it to someone in need. the difference in rate of interest between these two transactions is what this responsible party – in this case the banks – can claim as legitimate profit. while indian banks may have cited operational costs as a reason to charge customers, it was upon them to maintain operational costs at such levels that the customers weren’t burdened. non-performing assets are plunging banks into losses or

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sbi’s merging with associates will only up the miseries

when do two forces combine? when one has something worthy to lend to the other party and when their working cohesively can bring economies of scale. in the merger of state bank of india with its associate banks, the concept of economies of scale has been grossly misconstrued. this merger is set to be one of the most ill-conceived ideas in the banking history of the country. in this world where financial experts and consultants come from top business schools, basics of any concept are customarily overlooked. the only intention of decision-makers seems to be their greed to let sbi enter the coveted list of banks in terms of assets. they may have achieved this goal, but if only value of assets determined viability of any enterprise, market forces would have compelled many competitors to join forces; this, however, isn’t prudent economics. what is the role of a bank? what is banking? in simple terms, borrowing from those who have

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income disparity won’t go unless indian market is redesigned

anyone thinking of bridging the income gap in indian society would be at fault unless redesigning of the market is considered. in simple words, a market comprises of a producer, the trader and the consumer. while there was utmost need of a driving force, the trader, in putting the consumption cycle at work, an unchecked market mechanism has led to income disparity. let us explain how. the producer that generates goods and employment is the primary player in any economy. the same employment generates consumers who buy different goods and thereby let the economy function. this production and purchase relationship is the key driving force in any economy, to be true, the only driving force. traders in between do facilitate purchases, however also distort the market in many ways, for a trader isn’t a producer, although he may be a consumer for some produced goods. now we need to observe how money is created in any economy. for the part of work one

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