1

SCUF—News Letter—Breeze—August 2012

We,

SCUFians

Greet

Shri Srinivas K.

Executive Director (AP)

Shri NIRANJAN RAO V.

Executive Director (AP)

&

Shri PRAVEEN KUMAR V.

Executive Director (North)

(on their elevation to the post of Executive Director)

Successful people do things differently !

Special points of interest:

Excerpts from the Speech of Dy. Governor

of RBI.

More about ESI

Balance Sheet & Life.

To quote a few.

Inside this issue:

Q & A 2

Messg. from TED — 3

Swagatham to Freshers 4

Balance Sheet of Life 5

Small is still beautiful and Competitive 7

1st August, 2012 Thisai: South Thendral: 05

2

SCUF—News Letter—Breeze—August 2012

1. Which Indian state is the larg-

est producer in the world of

the golden coloured 'Muga'

silk ?

(A) Assam

(B) Orissa

(C) West

Bengal

(D) Karna-

taka

2. Which Indian freedom fighter was

popularly called 'Mahamana' ?

(A) Bal Gangad-

har Tilak

(B) Jai Prakash

Narain

(C) Gopal Hari

Deshmukh

(D) Madan

Mohan Malaviya

3. Which Indian state would you

be in if you were watching birds at

Ranganathittu Birds Sanctuary,

situated on an island in the Kaveri

river ?

(A) Karnataka

(B) Maharash-

tra

(C) Tamil

Nadu

(D) Andhra

Pradesh

4.'Anandmath', 'Durgeshnondini' and 'Kapalkundala' novels were authored by which Bengali writer ?

(A) Rabin-dranath Tagore (B) Sharat Chandra Chat-terjee (C) Bankim Chandra Chat-terjee

(D) Bibhuti Bhushan Bandop-adhyay

5. Baglihar Dam, also known as Baglihar Hydroelectric Power Project, in Jammu & Kashmir is

built across which river ?

(A) Beas (B) Chenab (C) Jhelum (D) Sutlej

6.Where was the first Indian In-

stitute of Management (IIM) es-

tablished in 1961 ?

(A) Kolkata

(B) Bengaluru

(C) Ahmedabad

(D) Lucknow

7. What line connects the points

on a map that receive equal

amounts of rainfall ?

(A) Isobar

(B) Isohel

(C) Isotherm

(D) Isohyet

8. On 28 May 2008, the Indian

Air Force attained the Airborne

Warning And Control System

(AWACS) capability by procuring

the Phalcon radar (mounted on

Russian plane IL-76) from which

country ?

(A) France

(B) Israel

(C) Russia

(D) Germany

9. Which India born physi-

cist invented the 'Optical

Fibre' ?

(A) C.V. Raman

(B) Satyendra Nath Bose

(C) Homi J. Bhabha

(D) Narinder Singh Kapany

10. Which Australian state

was formerly known as

"Van Diemen's Land" ?

(A) Victoria

(B) Queensland

(C) Tasmania

(D) New South Wales

General

Answers See

Page 3

3

SCUF—News Letter—Breeze—August 2012

By

Ms. S. Muthumariamma TED.

1.What is Employee State Insurance Scheme ?

In addition to necessities of food, clothing, housing etc., man needs security in times of physical and economic distress consequent upon sickness, disablement etc. The Employees State Insurance Scheme is an integrated measure of Social Insurance embodied in the Employees State Insurance Act and is designed to accomplish the task of protect-ing employees as defined in the Employees State Insurance Act against the hazards of sickness, maternity, disablement and death due to employment injury and to provide medical care to insured persons and their families. The Scheme covers employees of non-seasonal power-using factories employing 10 or more persons. There is, how-ever, a built-in provision for its extension to other establishments or classes of establishments, industrial, commercial, agricultural or other-wise. The Scheme has been progressively extended to cover employ-ees in non-power using factories employing 20 or more persons and to commercial establishments.

2.How does the Employees State Insurance Scheme assist you?

The dependence of an individual on cash income is a characteristic feature of modern econ-omy. An interruption of money income even for a small period is, therefore, a hardship; a prolonged loss of income is indeed a catastrophe. By coming forward to provide health protection and income maintenance in a series of oft-experienced contingencies like sick-ness, maternity, disablement and death due to employment injury, the Employees .State Insurance Scheme tends to ameliorate your economic anxiety and to be a friend in need and distress.

3.Why is it called a Health Insurance Scheme?

The Employees State Insurance Scheme performs a dual role; by providing assistance in kind (medical care); it tries to re-store your health and working capacity and by assistance in cash (cash benefit); it tries to sustain you when your in-come is interrupted. With a bet- ter and facile health protec-tion, greater vitality, and assur- ance of income-maintenance in times of need, it makes you every inch a better, a health-ier, secure worker and there- fore, a happier man. The as-sistance comes to you not as an act of benevolence but in virtue of an acquired right.

4.Who administers the Employees State Insurance Scheme?

The Employees State Insurance Scheme is administered by a corporate body called the Employees State Insurance Corporation (ESIC), which has members representing Employ-ees, Employers, the Central Government, State Governments, Medical Profession and the Parliament. The Director General is the Chief Executive Officer of the Corporation and is also an ex-officio member of the Corporation. The other bodies at the national level are the Standing Committee (a representative body of the Corporation) and the Medical Benefit Council, a specialised body which advises the Corporation on administration of Medical

Answers : Q & A

1. Assam

2. Madan Mohan Malaviya

3. Karnataka

4. Bankim Chandra

Chatterjee

5. Chenab

6. Kolkata

7. Ishoyet

8. Israle

9. Narinder Singh Kapany

10.Tasmania

Message from TED

4

SCUF—News Letter—Breeze—August 2012

Benefit. At the Regional and Local levels, the Regional Boards and Local Committees have been constituted. There is, thus, an association of interests and interest groups at all levels

ESIC is the trustee of the interests of the insured persons. It discharges its obliga-tions and duties through a net-work of Regional Offices and Local Offices, Hospitals and Dispensaries spread over the entire country.

5.Whom does the Scheme protect?

The Scheme protects all employees engaged on a monthly remuneration not exceed-ing Rs. 15000/- in a factory/establishment to which the Act applies. Persons employed for wages on any work connected with the administration of the factory or establish-ment or any part, department or branch thereof or purchase of raw materials, or dis-tribution or sale of the product of a factory or establishment are also covered. Mines, Railway Running Sheds, Naval, Military and Air Force Workshops and specified sea-sonal factories are excluded. The scheme also provides full medical cover to the de-pendants of insured persons. In the event of death of an insured person due to em-ployment injury dependants become eligible to cash benefit.

6.Where do Employees State Insurance Funds come from?

The Employees State Insurance Funds are primarily built out of employers contribu-tion and employees contribution payable monthly as a fixed percentage of wages.

African Saying:

If you want to walk quick, walk alone;

If you want to walk far, walk together.

A Lovely Logic for a beautiful Life

Do not try to maintain

relations in

your life.

Just try to maintain life

in your

relations.

In Next Issue:

“Employees’

Provident

Fund “

Always welcome

the problems.

Because problems give you dual

advice.

First, you know

how to solve it.

Second, you know how to avoid it in

future.

3 stages of Life:

Teen Age – Has time & energy –

But no Money

Working Age – Has Money & Energy –

But No Time

Old Age – Has Money & Time –

But No Energy

ESI - Contd……...

5

SCUF—News Letter—Breeze—August 2012

Message from TED

SNO NAME DEPARTMENT LOCATION STATE

1 ANUJ KUMAR CHANDELIA DOCUMENTATION DILSHAD GARDEN NEW DELHI

2 ANURAG SHARMA DOCUMENTATION DILSHAD GARDEN NEW DELHI

3 AMIT SHARMA BACK OFFICE AMRITSAR Punjab

4 AJEEMA BEEVI BRANCH ACCOUNTS CHENNAI ZONE TamilNadu

5 AMAN TIWARI MARKETING DELHI NEW DELHI

6 ANKIT VARSHNEY CREDIT DELHI NEW DELHI

7 ASHISH CHOUDHARY MARKETING BHILWARA RAJASTHAN

8 AMARENDER A OPERATIONS NALGONDA ANDHRA PRADESH

9 ASHOK J INTERNAL AUDIT SATTUPALLY ANDHRA PRADESH

10 AMAN SHARMA MARKETING KARNAL HARIYANA

11 AJAY YADAV BACK OFFICE HISSAR HARIYANA

12 ANKIT GUPTA BACK OFFICE DILSHAD GARDEN NEW DELHI

13 AMIT AGARWAL MARKETING KISHANGARH RAJASTHAN

14 ANANDA KUMAR V CORP.AC-CASH NARASIPATNAM ANDHRA PRADESH

15 BABLU BHATI MARKETING FARIDABAD HARIYANA

16 BRIJ MOHAN MARKETING ROHTAK HARIYANA

17 BASAVA RAO V OPERATIONS VIJAYAWADA V ANDHRA PRADESH

18 BASHEER SHAIK OPERATIONS MIRYALAGUDA ANDHRA PRADESH

19 BEHERA MAMTA SHYAMSUNDAR BACK OFFICE SURAT GUJARATH

20 BAJIBABU B OPERATIONS BAPATLA ANDHRA PRADESH

21 CHIRANJEEVI M OPERATIONS PILER ANDHRA PRADESH

22 CHANDAN GUPTA RECOVERY DILSHAD GARDEN NEW DELHI

23 DEVENDRA KUMAR GUPTA CREDIT JABALPUR MADHYA PRADESH

24 DEMUDU G OPERATIONS NARASIPATNAM ANDHRA PRADESH

25 DURGESH BAIRAGI SALES INDORE MADHYA PRADESH

26 GOPAL NARAYAN MARKETING LAKHIMPUR Uttar Pradesh

27 GIRRAJ MARKETING FARIDABAD HARIYANA

28 GAJENDRA KUMAR MARKETING JHANSI Uttar Pradesh

29 GIRI PRASAD REDDY B V OPERATIONS KODURU ANDHRA PRADESH

30 GANDAIAH K OPERATIONS SRIKALAHASTHI ANDHRA PRADESH

31 GOURI SANKARA RAO CH OPERATIONS BOBBILI ANDHRA PRADESH

32 GYAN PRAKASH PATHAK BACK OFFICE GORAKHPUR Uttar Pradesh

33 GURJEET SINGH RECOVERY MOHALI Punjab

34 GEETA KUMARI BACK OFFICE LAXMI NAGAR HARIYANA

35 GUNASUNDARI P CORP.AC-FINANCE CHENNAI ZONE TamilNadu

36 HARSH KUMAR RECOVERY AMRITSAR Punjab

37 HARIBABU NAIDU DOLA OPERATIONS VIZIANAGARAM II ANDHRA PRADESH

38 HARPREET SINGH RECOVERY HOSHIARPUR Punjab

39 HITESH GAUTAM BACK OFFICE SHIMLA HIMACHAL PRADESH

40 HARPREET KAUR MARKETING PALAM HARIYANA

41 ISHAN BULANDI BACK OFFICE UTTAM NAGAR HARIYANA

42 JOGENDRA SINGH MARKETING BHILWARA RAJASTHAN

43 JEEVAN NATH CHOUHAN MARKETING RAJSAMAND RAJASTHAN

44 JITENDER KUMAR RECOVERY RANI BAGH HARIYANA

45 JAGADEESWARA RAO R OPERATIONS SRIKAKULAM ANDHRA PRADESH

46 JANARDHAN T OPERATIONS NUZVID ANDHRA PRADESH

47 JAYA PRAKASH B OPERATIONS MADANAPALLI ANDHRA PRADESH

48 JAGADEESH BABU M OPERATIONS SATTENAPALLI ANDHRA PRADESH

49 KARIM HABIB MUSANI CREDIT VAPI GUJARATH

50 KRISHNA CHANDRA MARKETING HALDWANI Uttar Pradesh

51 KIRAN KUMAR K SALES JAMSHEDPUR JHARKHAND

52 KARTHICK R LEGAL CHENNAI ZONE TamilNadu

53 KARTHIKEYAN K OPERATIONS PUTTUR ANDHRA PRADESH

54 KUMARA SWAMY A GOLD LOAN KHAMMAM I ANDHRA PRADESH

55 KIRAN KUMAR BHASURU OPERATIONS PARVATHIPURAM ANDHRA PRADESH

56 KANNAIAH I OPERATIONS VUYYURU ANDHRA PRADESH

57 KUMARA SWAMY N OPERATIONS WARRANGAL II ANDHRA PRADESH

58 MONIKA SHARMA TELECALLING UTTAM NAGAR HARIYANA

59 MEENAKSHI V CORP.AC-FINANCE CHENNAI ZONE TamilNadu

60 MANSOOR KHAN OPERATIONS MACHILIPATNAM ANDHRA PRADESH

61 MADHU CH OPERATIONS HANUMAKONDA ANDHRA PRADESH

62 MAHAMMAD BASHA K OPERATIONS CUDDAPAH ANDHRA PRADESH

63 MURALIDHAR G OPERATIONS DHONE ANDHRA PRADESH

64 MALSOOR E OPERATIONS SURYAPET ANDHRA PRADESH

65 MANOJ KUMAR N K MARKETING ANGAMALY KERALA

6

SCUF—News Letter—Breeze—August 2012 66 MEHUL RANA SALES AHMEDABAD GUJARATH

67 MAYUR VYAS OPERATIONS AHMEDABAD GUJARATH

68 MADHAVA CHARI P OPERATIONS REPALLE ANDHRA PRADESH

69 NIRVAIR SINGH MARKETING MOGA RAJASTHAN

70 NITHYA R CORP.AC-FINANCE CHENNAI ZONE TamilNadu

71 NARSIMHULU B OPERATIONS RAJAMPET ANDHRA PRADESH

72 NAVNEET KAUR CREDIT LUDHIANA Punjab

73 NAGARAJU A OPERATIONS YELLANDU ANDHRA PRADESH

74 NITHYA T A CORP.AC-FINANCE CHENNAI ZONE TamilNadu

75 NAGESWARA RAO M OPERATIONS MANGALAGIRI ANDHRA PRADESH

76 PINKI BACK OFFICE MAHAVIR NAGAR NEW DELHI

77 PUSHPENDER MARKETING RANI BAGH HARIYANA

78 PREETHI S CORP.AC-FINANCE CHENNAI ZONE TamilNadu

79 PRADIP KUMAR NIRANJAN MARKETING GHAZIABAD Uttar Pradesh

80 POOJA JAIN CREDIT JABALPUR MADHYA PRADESH

81 PRADEEP KUMAR YADAV MARKETING UMARIA MADHYA PRADESH

82 PARVARISH MD OPERATIONS VIZIANAGARAM ANDHRA PRADESH

83 PRAVIN R KAKADE SALES KOLHAPUR II MAHARASHTRA

84 PRUDVI KUMAR T OPERATIONS PUNGANUR ANDHRA PRADESH

85 PRIGITH P MARKETING KAYAMKULAM KERALA

86 PAIDIRAJU R OPERATIONS DWARAKANAGAR ANDHRA PRADESH

87 PIUESH UPADHYAY MARKETING DEORIA Uttar Pradesh

88 PARMOD KUMAR RECOVERY PATIALA Punjab

89 PRASANNA ANJANEYULU A OPERATIONS VINUKONDA ANDHRA PRADESH

90 PRASHANT SURESH BARGE SALES KOLHAPUR II MAHARASHTRA

91 RESMI R MARKETING ALLEPEY KERALA

92 RAVINDRA PAL MARKETING MATHURA Uttar Pradesh

93 RACHNA DEVI BACK OFFICE UTTAM NAGAR HARIYANA

94 RAJESH GOPAL SHETTY RECOVERY MUMBAI MAHARASHTRA

95 RAVI KANT SAINI MARKETING SAHARANPUR Uttar Pradesh

96 RAJEEV KUMAR RECOVERY PALWAL HARIYANA

97 RANJANI M BRANCH ACCOUNTS CHENNAI ZONE TamilNadu

98 REDDI RAJESH KUMAR C OPERATIONS TIRUPATHI ANDHRA PRADESH

99 RAGHU RAMA RAJU D OPERATIONS SRIKAKULAM ANDHRA PRADESH

100 RAHGURAM S OPERATIONS CUDDAPAH II ANDHRA PRADESH

101 RUBIKA A CORP.AC-FINANCE CHENNAI ZONE TamilNadu

102 RAJEEV AGRAWAL BACK OFFICE ASHOKNAGAR MADHYA PRADESH

103 RUPESH KUMAR B OPERATIONS MARKAPUR ANDHRA PRADESH

104 RAKESH KUMAR RECOVERY LUDHIANA Punjab

105 RAMESH R BACK OFFICE BHADRACHALAM ANDHRA PRADESH

106 RAMACHANDRA RAO P OPERATIONS DWARAKANAGAR ANDHRA PRADESH

107 SASIKUMAR R RISK MANAGEMENT CHENNAI ZONE TamilNadu

108 SHAILENDRA SINGH PARMAR CREDIT BHOPAL MADHYA PRADESH

109 SHUBHAM SINGH CHANDEL BACK OFFICE HARDOI Uttar Pradesh

110 SAJUDDIN SHEKH BRANCH ACCOUNTS CHITTORGARH RAJASTHAN

111 SUGANYA H ACCOUNTS CONSOLIDATION CHENNAI ZONE TamilNadu

112 SATISH KUMAR SAINI CREDIT JAIPUR RAJASTHAN

113 SUNIL KUMAR K OPERATIONS VISAKAPATNAM Z.O. ANDHRA PRADESH

114 SEKHARA RAO P U CH OPERATIONS RAJAM ANDHRA PRADESH

115 SAIDULU M OPERATIONS IBRAHIMPATNAM ANDHRA PRADESH

116 SURESH KUMAR G OPERATIONS SRIKAKULAM ANDHRA PRADESH

117 SHAIK NAGOOR OPERATIONS NUZVID ANDHRA PRADESH

118 SHAIK MASTHAN OPERATIONS RAJAHMUNDRY - II ANDHRA PRADESH

119 SIVA PRASAD REDDY Y OPERATIONS CUDDAPAH II ANDHRA PRADESH

120 SATYANARAYANA V OPERATIONS TANUKU ANDHRA PRADESH

121 SUBBA SANKARA REDDY V OPERATIONS PULIVENDULA ANDHRA PRADESH

122 SRINIVASA RAO T OPERATIONS MVP VIZAG ANDHRA PRADESH

123 SATISH DATTATRAY BAGADI OPERATIONS KOLHAPUR II MAHARASHTRA

124 SUBRAMANYAM R OPERATIONS MADANAPALLI ANDHRA PRADESH

125 SAIDAIAH T OPERATIONS KODAD ANDHRA PRADESH

126 SREELA V BRANCH ACCOUNTS KAYAMKULAM KERALA

127 SHUKLA PURVESH N MARKETING BHAVNAGAR GUJARATH

128 SRINIVASA RAO K GOLD LOAN TENALI ANDHRA PRADESH

129 SAIDULU G OPERATIONS SURYAPET ANDHRA PRADESH

130 SANJEEV KUMAR RECOVERY KARNAL HARIYANA

131 SHAILENDRA SINGH RAO RECOVERY-FI BANSWARA RAJASTHAN

132 SURJITH SINGH R OPERATIONS MADHIRA ANDHRA PRADESH

133 SATYANARAYANA L OPERATIONS NAD VIZAG ANDHRA PRADESH

134 SRINIVASA RAO V OPERATIONS MAHARANIPET ANDHRA PRADESH

135 SRINIVAS D OPERATIONS SIDDIPET ANDHRA PRADESH

136 SRINIVASA RAO J OPERATIONS MANGALAGIRI ANDHRA PRADESH

137 SUBBA RAO M OPERATIONS VINUKONDA ANDHRA PRADESH

138 SHANAVAS C S MARKETING ERNAKULAM KERALA

139 SOURABH JAIN SALES INDORE MADHYA PRADESH

140 THAKKAR VISHAL RAMESHBHAI SALES SURAT GUJARATH

141 THAMEEJUDDIN MD OPERATIONS JAGGAIAHPET ANDHRA PRADESH

142 TEJ SINGH NARUKA BRANCH ACCOUNTS JAIPUR RAJASTHAN

143 VANDANA SHARMA BACK OFFICE DILSHAD GARDEN NEW DELHI

144 VIJAYABASKER M ACCOUNTS CONSOLIDATION CHENNAI ZONE TamilNadu

145 VINAY KUMAR VISHWAKARMA CREDIT JABALPUR MADHYA PRADESH

146 VINOD KUMAR R RECOVERY BADWEL ANDHRA PRADESH

147 VENKATA SUBBA RAO N OPERATIONS VUYYURU ANDHRA PRADESH

148 VEERENDRA REDDY M OPERATIONS BADWEL ANDHRA PRADESH

149 VENKANNA BABU P OPERATIONS TIRUVURU ANDHRA PRADESH

150 VISHESHWAR NATH PAL SALES MUMBAI MAHARASHTRA

151 VORA MEERA JAYNTIBHAI BACK OFFICE JAMNAGAR GUJARATH

152 VIJAY VERMA RECOVERY PANIPAT HARIYANA

153 VENKATESWARA RAO Y OPERATIONS REPALLE ANDHRA PRADESH

7

SCUF—News Letter—Breeze—August 2012

Let we strike a good balance sheet of life.

By

Sri S.Gopalan,

HO, Chennai.

BALANCE SHEET OF LIFE

Our Birth is our Opening Balance!

Our Death is our Closing Balance!

Our Prejudiced Views are our Liabilities

Our Creative Ideas are our Assets

Heart is our Current Asset

Soul is our Fixed Asset

Brain is our Fixed Deposit

Thinking is our Current Account

Achievements are our Capital

Character & Morals, our Stock-in-Trade

Friends are our General Reserves

Values & Behavior are our Goodwill

Patience is our Interest Earned

Love is our Dividend

Children are our Bonus Issues

Education is Brands / Patents

Knowledge is our Investment

Experience is our Premium Account

The Aim is to Tally the Balance Sheet Accurately.

The Goal is to get the Best Presented Accounts Award.

8

SCUF—News Letter—Breeze—August 2012

Excerpts from the

Address by

Shri Anand Sinha,

Deputy Governor

Reserve Bank of India,

at the

National Conference

on Enhancing

Competitiveness

with MSME

linkages,

organised

by the Indian Chamber

of Commerce,

Kolkata,

July 12, 2012

Mail your

views, reviews, feed-back,

suggestions and

comments to

efchennai@shriramcity.in

Our members of staff are requested to con-tribute to our News Letter ―Breeze‖ by way of articles, photos, art work done by them, tips, messg. on special events at their work place, and such other matter of interest for publica-

tion.

“ Small is still Beautiful and Competitive “

Reflections on the Growth of Micro, Small and Medium Enterprises

(MSMEs) in India

From Editorial Desk:

Communication Address:

Editorial Committee, (News Letter—Breeze)

SCUF, Santhome Office, Chennai—600 004 Phone: 43925300

Email: efchennai@shriramcity.in

Editorial Committee

Shri K.Subramaniam Senior Consultant, HO.

Smt M.Subhashree TED., Santhome Office

Sri M.Radhakrishnan

Consultant, Santhome Office

Our News Letter

―Breeze‖

can be accessed in

the

following URL:

http://27.251.33.232

The extent of financial exclusion in the MSME sector is very high. As only 5 to 10% of MSMEs are covered by institutional funding, there is a need to bridge the huge gap through enabling policies. Banks and financial institu-tions need to support the MSMEs in their need for finance. Some of them could grow into large corporates and potential MNCs in future. The Re-serve Bank of India is endeavouring to support the MSME sector by pro-viding an enabling policy environment and I urge all the banks and finan-cial institutions to implement our guidelines in both letter and spirit to in-crease the credit flow to this vital sector. MSME Associations and Cham-bers of Commerce also have an important role to play in this formidable task of building a robust MSME sector. On their part, the MSMEs should be responsible borrowers, should use the bank credit in a judicious manner and take advantage of the business opportunities both within and outside the country. They should improve their governance and risk management practices, maintain proper books of accounts, submit correct information to banks and all authorities, and make their operations more efficient and productive to get easier access to finance from banks and other investors. With the concerted efforts of all the stakeholders I am sanguine that MSME sector would become more competitive and efficient and offer greater con-

tribution to economic development.