Retail FDI. Is it Required?

 In 1991 Narasimha Rao government introduced economic reforms. Many people opposed and discussing about the bitter side of moving more towards capitalism(Or moving away from Socialist Economic Principles). But what we saw in India for last 20 years was tremendous growth in economy. Most of the sectors got the advantage of reforms and many below average citizens moved to average and average citizens moved above average group. Salaries of employees went up and these reforms helped to generate employment in India. Competition in all sectors went up and people got better products. Remember before 1991 when we want to buy a car there was only 3 options(Ambassador,Fiat and Maruti) and what is the situation now? All statistics shows that reforms in 1991 gave citizens in India more opportunities and living standards. Now where are those people opposed these reforms?

 Now Manmohan Singh government introduced 51% FDI in retail sector and some people are opposing it just because Retail giants like Walmart will enter into Indian market. They are saying that  many people will loose their job due to FDI. The fact is that it will introduce more competition in the market and citizens will get benefits from it. Companies like Walmart will give competition to players like Pantaloon,Reliance etc not to unorganized retail sector. Indian retail players already killed a major part of unorganized retail sector in India. Just think about our new generation. Are they buying products from small shops or from shops like Bigbazar, Reliance, Pantaloon, etc. The death of unorganized retail sector will happen even though Walmart is not entering into Inidan market.

 Retail giants like Walmart has very good supply chain mechanism which will help to reduce the margins and people will get products more cheaper. It will help India to reduce the inflation and inflation related problems. These retailers will build better infrastructure and government is going to get more taxes and 49% profits/assets will stay in India. I am eager to see the changes retail FDI can bring in next 10 years.

 

Six Toxic Beliefs That Will Ruin Your Career

Six Toxic Beliefs That Will Ruin Your Career By Dr. Travis Bradberry

Self-talk is driven by critical beliefs that you hold about yourself, and is manifested in the things that you think as you move through your day. It plays an understated but powerful role in your ability to succeed, because your beliefs can both spur you forward toward achieving your goals and hold you back. As Henry Ford said, “He who believes he can and he who believes he cannot are both correct.”

Self-Talk Can Have A Lot to SayWhen it comes to self-talk, there are six toxic beliefs that hold people back more than any others. Be mindful of your tendencies to succumb to these beliefs, so that they don't derail your career.

Toxic Belief #1: Perfection = Success

Human beings, by our vary nature, are fallible. When perfection is your goal, you're always left with a nagging sense of failure, and end up spending your time lamenting what you failed to accomplish, instead of enjoying what you were able to achieve.

Toxic Belief #2: My Destiny is Predetermined

Far too many people succumb to the highly irrational idea that they are destined to succeed or fail. Make no mistake about it, your destiny is in your own hands, and blaming multiple successes or failures on forces beyond your control is nothing more than a cop out. Sometimes life will deal you difficult cards to play, and others times you'll be holding aces. Your willingness to give your all in playing any hand you're holding determines your ultimate success or failure in life.

Toxic Belief #3: I “Always” or “Never” Do That

There isn't anything in life that you always or never do. You may do something a lot or not do something enough, but framing your behavior in terms of “always” or “never” is a form of self-pity. It makes you believe that you have no control of yourself and will never change. Don't succumb to it.

Toxic Belief #4: I Succeed When Others Approve of Me

Regardless of what people think of you at any particular moment, one thing is certain⎯you're never as good or bad as they say you are. It's impossible to turn off your reactions to what others think of you, but you can take people's opinions with a grain of salt. That way, no matter what people think about you, your self-worth comes only from within.

Toxic Belief #5: My Past = My Future

Repeated failures can erode your self-confidence and make it hard to believe you'll achieve a better outcome in the future. Most of the time, these failures result from taking risks and trying to achieve something that isn't easy. Just remember that success lies in your ability to rise in the face of failure. Anything worth achieving is going to require you to take some risks, and you can't allow failure to stop you from believing in your ability to succeed.

Toxic Belief #6: My Emotions = Reality

If you've read Emotional Intelligence 2.0, you know how to take an objective look at your feelings and separate fact from fiction. If not, you might want to read it. Otherwise, your emotions will continue to skew your sense of reality, making you vulnerable to the negative self-talk that can hold you back from achieving your full potential.