[simplyshekhar85]

guys SCIT extended the payment date AGAIN!!!

[study_hard]

Originally Posted by simplyshekhar85

WTF!!! guys SCIT extended the payment date AGAIN!!!

Good na.. they extended it. Expect some more competition coming and a better batch hence.

[simplyshekhar85]

hamne faltu mein hi itna tension le le ke itna jaldi payment kar diya result se pehle, it was not that same last year...
have the number of applicants become lesser this year, thats y the need to extend payment dates...????
and ya i apologize for the language, it was just adrenalin flowig high at that time...no personal feelings ne one

[rudraksh123]

Originally Posted by study_hard

Whoa! what a language..

Good na.. they extended it. Expect some more competition coming and a better batch hence.

Are u sure its good??? :1eye:

[koolrahulgwl]

Originally Posted by study_hard

Leave it re.. what's the use of crying over spilt milk? It'd be good if some action is taken by the Symbi authorities but in case they don't we can't do much.

I think my previous topic intimidated many fellow puys . Was just a topic guys.. not a GD topic. I'll put a cliche GD topic hence...

Education and success - Is there a correlation?

A bit too abstract..guys focus on topics on current issues..specially three things
Recession and its impact
US presidential scenario and its impact
Terror attacks
Satyam Fiasco (something on corporate governance)

Normally abstract topics don't find much place in SCIT's GD..but still there is no harm in preparing on those lines as well..
neways..I am bit too much bogged down by work..that's why not able to contribute to this thread..probably after 15th Jan..I will be posting regularly on GD/PI...Prepare well guys..

ATB
Keep rocking

[study_hard]

Originally Posted by simplyshekhar85

hamne faltu mein hi itna tension le le ke itna jaldi payment kar diya result se pehle, it was not that same last year...
have the number of applicants become lesser this year, thats y the need to extend payment dates...????
and ya i apologize for the language, it was just adrenalin flowig high at that time...no personal feelings ne one

No issues dude
Was just saying that why crib for things which aren't under our control.
Cheers !!

Originally Posted by rudraksh123

Are u sure its good??? :1eye:

Everything happens for a good

Originally Posted by koolrahulgwl

A bit too abstract..guys focus on topics on current issues..specially three things
Recession and its impact
US presidential scenario and its impact
Terror attacks
Satyam Fiasco (something on corporate governance)

Normally abstract topics don't find much place in SCIT's GD..but still there is no harm in preparing on those lines as well..
neways..I am bit too much bogged down by work..that's why not able to contribute to this thread..probably after 15th Jan..I will be posting regularly on GD/PI...Prepare well guys..

ATB
Keep rocking

Aye Aye sir...
Puys let's start with the first topic i.e. Recession.

[poojadatta]

Ok I am in for the discussion
Recession: The present recession started somewhere around in end of 2007a and beginning of 2008 which got in to power gradually by end of 2008 (September onwards) which was with the fall of Lehman brother followed by wall street and gradually rest of the world was caught in it, leading to job crises, rise in price, and we are still going through that phase. The only way out right now is wait and watch coz only one country or leader cannot end this recession but all need to contribute to make it normal.
This is my take

[rohit.r6]

Originally Posted by ritdudeamit

I called dem on 020 64739775

Thanks
Amit
Fellow Aspirant

@amit
purrfect number
the lady who picked up was very courteous and helpful
thanks amit and a big thanks to SCIT to have someone like that to assist prospective students

[rohit.r6]

Originally Posted by poojadatta

Ok I am in for the discussion
Recession: The present recession started somewhere around in end of 2007a and beginning of 2008 which got in to power gradually by end of 2008 (September onwards) which was with the fall of Lehman brother followed by wall street and gradually rest of the world was caught in it, leading to job crises, rise in price, and we are still going through that phase. The only way out right now is wait and watch coz only one country or leader cannot end this recession but all need to contribute to make it normal.
This is my take

Recession : in short can be termed as a downturn.
When does it happen : this is something which cannot be predicted….it is a phenomena which is constantly occurring now and then; only thing that changes is the scale at which it happens
Why does it happen: when the economy starts booming, demand for each and every thing appreciates; ROI increases.
Since affordability is not an issue due to the improved standard of living, one doesn’t feel the pinch.
But at the same time, there are a lot of speculators with ready cash, who trade from rice to oil. This speculation creates an artificial increase in prices.
Increase in prices of commodities leads to inflation.
In certain cases, the booming economy reaches unimaginable heights where ROI ranges from 200-300% in a short span.

Now, all of a sudden, speculators seeing the appreciation in their holdings start to dilute their investment. In certain occasions, this chain reaction continues which in turn leads to what we all know as ‘recession’

[study_hard]

Good work Pooja & Rohit..
I'd like to add these points:

A recession occurs when there is a fall in economic growth for 2 consecutive quarters. The 1st recession occured in 1946 when colonialism ended due to 2nd World War.

CAUSES OF THE PRESENT RECESSION:
- Credit crunch (shortage of finance)
- Sub prime mortgage crisis
- Cost push inflation squeezing incomes & reducing disposable income

WHAT WENT WRONG WITH INDIA
- Unnecessary media hype about rise of Infosys & Wipro, TATA Tetley acquisition, Arcelor Mittal takeover, Indira Nooyi taking over Pepsi Co as CEO, Arun Sarin took over Vodafone.

- The triumverate of Manmohan Singh, P. Chidambaram & Montek Singh boasting about double digit growth which was never realized. Inflation however touched double digits.

- Big consulting majors expecting the multi-billion dollar market suddenly growing 3 or 4 times by 2012-15.

Hence India wasn't a bubbling economy but an economic bubble.