MP PET 2011 Result

The result or the Madhya Pradesh Pre Engineering Test, conducted by the MP government on May 22, are expected to be announced next week.

There are 159 institutes in Madhya Predesh thai  offers BE course through MP PET.The MP PET results 2011 can be seen from Madhya Pradesh Professional Examination Board (Madhya Pradesh Vyavsayik Pareeksha Mandal) official website.

As far as reservation of seats are concerned, 90 % seats in the government and government aided colleges are reserved for Madhya Pradesh candidates while five per cent are for candidates residing outside MP. For NRIs too there is a 5 % reservation.

And as far as private of self-financing institutes are concerned 75 % of seats are reserved for MP candidates, 20 % for outside candidates and five per cent for NRI candidates.

A candidate must have passed 10+2 or equivalent examination with Physics, Chemistry and Mathematics for appearing in the examination. Those who are appearing for class 12th exams in 2010 can also apply.

FedEx reported a strong fourth-quarter profit

FedEx reported a strong fourth-quarter profit Wednesday despite fuel and economic challenges and forecast robust 2012 earnings, sending its shares up 3 percent in premarket trading.

"Our actions to improve yields continue to drive revenue and earnings growth across our transportation segments," said Alan B. Graf, FedEX chief financial officer. "Even with higher planned capital spending in fiscal 2012, margins, cash flows and returns are expected to improve year over year."

The No. 2 package delivery company has been able to pass through higher costs via fuel surcharges and still has room to raise prices without major push-back from consumers, most analysts said.

Net profit rose 33 percent to $558 million, or $1.75 per share in the quarter that ended May 31, from $419 million, or $1.33 per share a year ago.

Analysts, on average, forecast a $1.72 per share profit, according to Thomson Reuters. It was not immediately clear if the two numbers were directly comparable FedEx forecasts fiscal 2012 profit rising to $6.35 to $6.85 per share.

That forecast is based on the current market outlook for fuel prices and continued moderate global economic growth. FedEx said it plans to spend $4.2 billion in fiscal 2012, which includes the delivery of aircraft, payments toward future aircraft deliveries and investments in facilities, vehicles and technology.

Capital spending in fiscal 2011 was $3.4 billion, of which $2 billion was for aircraft and related equipment. The company has been upgrading its fleet to more fuel efficient aircraft.

Fourth-quarter revenue rose 12 percent to $10.55 billion from $9.43 billion a year ago, Memphis, Tennessee-based FedEx said on Wednesday. Wall Street analysts expected $10.4 billion in revenue, on average, according to Thomson Reuters.

Adjusted earnings were $4.90 per share in 2011, up from $3.76 a year ago and directly in line with the consensus forecast.

Source CNBC.COM

World No one retailer Wal-Mart lost Rob Cissell

World No one retailer Wal-Mart lost Rob Cissell, its chief operating officer in China and Roland Lawrence its chief financial officer in the country. The management turmoil again accentuated as Shawn Gray its vice president of operations resigned for so called personal reasons.

Wal-Mart operates 333 outlets and generates $7.5 billion revenue in China, but in last three year market share has reduced to 5.5% from 8 %, because it has not reacted proactively to key trends. 

Wal-Mart requires a new strategy because it faces increasing headwinds as new sales channels like e-commerce; increasing real estate and labors costs; and transforming consumer habits in the Chinese retail landscape.

Wal-Mart have committed the blunder of betting too heavily on the big box retailer format as they are doing  in the U.S.,rather than smaller,conveniently located retail outlets which is more preferred in China this  is the same mistake that Home Depot and Best Buy had committed and led them ultimately retreated from the market. 

China may have high compound annual revenue growth rates, but traffic and the lack of free parking means consumers often prefer to shop in neighborhood stores.

The government restriction on free plastic shopping bags has also affected the consumers shopping behavior, and the habit of buying less each time, further decreased the foot fall of stores away to home. 

Consumers habit to buy costly products such as imported blue berries and meats in high-end organic and fruit stores opened by individuals,while going to Wal-Mart to shop up on low-margin products such as toothpaste, detergent. People like to buy fruit from high-end stores because it’s fresher than Wal-Mart they don’t want to pay for parking at Wal-Mart.

Wal-Mart had struggled with consumer perception and their branding.They espouse the 'everyday low price' concept, yet are positioned relatively high in the market when compared to street vendors who sold their product truly on low price.

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BPSC Mains Topic-MGNREGA

MGNREGA, Contributing Towards Inclusive Growth

After identifying the much needed step to combat the serious problem of wide spread unemployment in the country, the National Rural Employment Guarantee Act (NREGA) was enacted on 7, September, 2005 by the central government. NREGA, renamed as Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), provides for the enhancement of livelihood security of the households in rural areas of the country by providing at least 100 days of guaranteed wage employment in every year to each household whose adult members volunteer to do unskilled manual work.

MNREGA made the Government legally accountable for providing employment to those who ask for it and thereby goes beyond providing a social safety net towards guaranteeing the Right to Employment. The most significant feature of this Act is that if a worker who has applied for work under MNREGA is not provided employment within 15 days from the date on which work is requested, an unemployment allowance shall be payable by the State Government at the rate prescribed in the Act. The Scheme is working as a social safety net. It has prevented distress migration and helped in empowerment of women.

The employment availability and wage rates have made a significant impact on the inhabitants of rural areas. Wages for rural households under the MGNREGA have increased in Maharashtra from Rs. 47 to Rs. 72, in Uttar Pradesh from Rs. 58 to Rs. 100, in Bihar from Rs. 68 to Rs. 100, in West Bengal from Rs. 64 to Rs. 100, in Madhya Pradesh from Rs. 58 to Rs. 100 in Jammu & Kashmir from Rs. 45 to Rs. 100 and in Chhattisgarh from Rs. 58 to Rs. 100 to name a few states. At the national level, the average wages paid under the MGNREGA have increased from Rs. 75 in 2007-08 to Rs. 93 in 2009-10.

Increase in wage rate and number of workdays in rural areas has increased the income of rural households. Increase in income has resulted in increase in ability of rural households to purchase food grains, other essential commodities, and to access education and health care.

About 46 lakh works have been taken up during 2009-10 and most of these (67%) relate to water conservation. This has resulted in rise in water table in dry and arid regions as large number of water conservation and drought proofing works have been taken up under the MGNREGA.

More than 9 crore saving bank accounts in the Banks and Post Offices have been opened for the MGNREGA workers under the financial inclusion program.

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BPSC- GS-Mains-Topic:Madhubani Painting

Patna, June, 21: Mithila painting or Madhubani painting is a style of Indian painting, that evolved, nourished and flourished in a culturally prosperous Mithila region of Bihar. After the confindment of years the Madhubani painting came into flash in 1970 when the President of India had given the award to Mrs Jagdamba Devi from a tinny Village Jitbarpur near Madhubani for her contribution in this art. Beside her, two other artist, Mrs Sita Devi and Mrs Mahasundari Devi,had got the national awards as well.In 2011, Shri Mahasundari Devi was chosen for the Padma Shri by Indian government. In the present arena the flag bearers of Madhubani paintings include Shri Bua Devi Jha, Shri Jagdamba Devi, Shri Sita Devi, Shri Mahasundari Devi and others.

A fabulous collection of the samples of Mithila's domestic art is demonstrated in the Chandradhari Museum, Darbhanga. W.G. Archer has also a collection of Mithila paintings and so has Upendra Maharathi, the artist, under whose supervision a collection of Bihar's folk art and craft has been built up at the Bihar Government Institute of Industrial Design, Digha, near Patna.

The origins of Madhubani painting are cloaked in antiquity and mythology it has been traditionally done by the women of villages around the present town of Madhubani and other areas of Mithila popularly known as Mithalanchal. The painting was conventionally done on newly plastered mud wall of huts which is quite common in mithalanchal, but now in its new avatar it is also made on hand-made paper, cloth, and canvas to reach the drawing room and bed room of the art lover across the globe.

As Madhubani painting has remained confined to the Mithlanchal area of Bihar for the long period and the skills of the artists have been passed on one generation to another. The Madhubani painting had changed their canvas with time however the content and the style have largely remained the same. Madhubani painting generally uses two dimensional imagery and the colors used are derived from various plants. Lampblack and ochre are also used for reddish brown and black sheds respectively.

Madhubani paintings mostly subjected on nature and Hindu religious motifs, and revolve around Hindu deities like Ram, Shiva Krishna, Durga, Saraswati and Lakshmi. Natural objects like the sun, the moon, stars and religious plants like tulsi are also widely portrayed, along with scenes from the royal court and social events like birth, Upanayanam (sacred thread ceremony) weddings. The special feature of the Madhubani painting is there are no space is left empty, the gaps are filled by sheds of flowers, animals, birds, and even geometric designs are depicted into that. Objects portrayed in the walls of kohabar ghar (where newly married couple sees each other in the first night) are symbols of sexual pleasure and procreation.

The Madhubani painting has good demand globally so this is well marketed through the art gallery, online web sites, and khadi stores across the country. This is the only art of Bihar which is self sustained and spread their wing globally and got distinct regional identity.

Source:

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