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Newsletter dated 19th March, 2015


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Newsletter dated 19th March, 2015

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Newsletter dated 19th March, 2015

  1. 1. c THOUGHT OF THE DAY “Discipline is the bridge between goals and accomplishment...” Law Updates:  Government plans to strip the Reserve Bank of India of its powers to regulate government bonds, but leave the central bank in charge of other money market instruments.  Amid a CBI probe into leakage of secret documents, Finance Ministry has clamped down on the use of Internet and private emails by those up to the director level in the Department of Economic Affairs (DEA), restricting the access only to official mails and government websites.  India inks DTAA with Croatia; to be effective from 1st April 2016. (Notification No. 24/2015 F. No. 501/09/1995-FTD-I dated 17th March, 2015 issued by Ministry of Finance, Department of Revenue).  Sahara Housing fina Corp promoter director Joy Broto Roy, brother of the group’s jailed Chief Subrata Roy, has resigned from the directorship of the company.  SEBI is organizing its International Research Conference - II on March 20, 2015 in Mumbai. The theme of the Conference is “Real Estate Investment Trusts (REITs)". ( PR No. 64/2015 dated March 18, 2015) PROFESSIONALS INPUTS:  As per RBI circular ref RBI/2014-15/504 A.P (DIR Series) Circular No.85 dated March 18, 2015, RBI has decided to discontinue the submission of Stat 5 and Stat 8 Returns from March 2015 as banks’ submission of NRD-CSR data in XBRL platform has been stabilised.  Permanent Account Number (PAN) is now mandatory for private firms for getting service tax registration besides email and mobile number. MARKET WATCH: SENSEX: 28846.98 224.86 NIFTY: 8746.00 60.10 SILVER: 35972.00 660.00 GOLD (MCX): 25914.00 277.00 USD/INR: 62.44 -0.26 CRUDE OIL: 2897.00 73.00 CS Rajiv Bajaj 9811453353 1Bajaj Date: 19th March, 2015
  2. 2. Kirthiga Reddy, Head & Director Online Operations of Facebook “I was living my work-life philosophy, which was to work hard while the children were young and in protected environments, and to create flexibility as they got closer to the teenage years.…” Kirthiga Reddy, Head and Director Online Operations of Facebook, India is a beacon of hope to Indian women in tech today. EARLY LIFE- Born and brought up in India, Kirthiga Reddy completed her graduation in India and went on to pursue her MBA from Stanford University as well as an M.S in computer engineering from Syracruse University. She has worked in several prestigious companies such as Motorola and Silicon Graphics – were she was the youngest director of engineering and the only woman at that level in her team. CAREER PROFILE: She has redefined Facebook's mantra of staying connected. In just three years, Kirthiga Reddy has moved from being a casual user of this globally popular social networking medium to depending on it to stay connected with family and friends in another country, to building its operations in India from the ground up. In July 2010, Reddy, found herself in her "dream come true job" when she joined Facebook as its first employee in India. Reddy had earlier been with well-known companies such as Silicon Graphics and Motorola. At Silicon Graphics, she was the youngest director of engineering and the only woman in this role in her team. Reddy was the first in her family to get a technical and business degree in the United States. She holds a master's in business administration from Stanford University and an M.S. in computer engineering from Syracuse University. In fact, in her first job in the US, at Silicon Graphics, then a $2-billion company, she surprised her manager when she did not allow herself to be restricted to her job description, and instead did "what was needed for the company". At a software project with which she was involved, she went beyond her job and played a larger role, starting from defining the product and its interfaces. She has big plans at Facebook. She wants to see the India operations as one of Facebook's global centres of excellence five years from now. AWARDS & ACHIEVEMENTS: Kirthiga has been featured in Fast Company’s 100 Most Creative People in Business 2013, Business Today’s hottest young executives, Fortune India’s Top 50 Most Powerful Women in India, Impact’s 100 Icons of India Digital Ecosystem among other recognitions. Kirthiga is also the Vice Chairman of Internet and Mobile Association of India (IAMAI). She is passionate about causes for children and about developing women leaders. INSPIRATIONAL SOURCE…  For being a role model to all women who aspire to make it big in the corporate world.  For aiming high and not letting her gender be an obstacle to achieving her dreams.