SAHAKARSUTRA

FDI IN RETAIL – TAKE A BALANCED VIEW OF PROS AND CONS... After I published my note on FDI in Retail and termed it boldly as a 'welcome move' - I have been flooded with posts - congratulating me and criticizing me. There has been lot of hoopla over Foreign Direct Investment in the Retail sector. With the elections coming up in few states, the central government has finally bit the bullet and approved the 100% FDI in multi-brand retail. FDI in Retail is likely to usher in further economic reform. Let us discuss the Pros and Cons of FDI in Retail. Before discussing that let us have a look at the overall economic status of retail sector at present. Let us have a look at the Indian retail industry The Indian retail industry has scaled impeccable growth over the last decade with an amiable acceptance to organised retailing formats. The industry is maturing towards modern concept of retailing, cornering the conventional unorganised family-owned businesses. India has been ranke

What are the Responsibilities of a Member ? 1.Every member in a Co-op.Housing Society[CHS] is liable to maintain his / her flat in a clean condition. 2.Member must present in Annual / Special General Body Meeting. 3.Member must pay the monthly charges and other charges payable to the society regularly ontime. 4.A member must obey the Bye-Laws of the society and honour the laweul decision taken by the managing         committee and the General Body. 5.Member has to support in working of society as well as support in managing committee to runn society     better. 6.Member must obey the rule set by general body for different services and facility provided by society 7.No member is permitted to make any additions or alteration in the flat without the permission of the     Statutory  Authority and the society.   8.If any member wants to carryout any alteration or addition in his/her flat, he/she has to apply to the society    furnishing all the details. The s

Managing   Committee[MC] has to do following work from time to time for management of Society affairs. 1. To ensure to hold every month meeting of MC. 2. To raise Fund /Loan for the Society maintenance 3.To work out rate of following contribution and recommend it in General Body Meeting    a. Sinking Fund    b. Major Repair Fund    c. Transfer of Flat Premium    d. Common Electricity Charges.    e. Service Charges    f. Repairs & Maintenance Charges    g. Non Occupancy Charges    h. Parking Charges.    i. Property Tax.    j. Non Agricultural Tax.    k. Water Charges.    l. Late Payment Charges.    m. Interest on Over Dues.    n. Welfare Contribution. etc. Committee prepares statement of Society Charges and place it before General Body for Approval 4. Makes decision of Investment of Fund, Utilization of Repair Fund from time to time 5. To consider and approve the expenses for the Society in last month 6. To consider and decide application of membership,associated membership and no