What is Inflation

We all aware of market situations across the world. You might coming across various terms like inflation as well. you might be wonder what kind of evil it is, what is inflation?

well Inflation is an increase in the price of a goods and services with regards to economy as a whole. where as deflation is downward movement of an average level of prices. Inflation is too many money chasing few goods. Inflation and deflation is also caused due to changing the amount of money in system.If any government decide to print lot of money, then they are purchasing power increases that may cause increase in demand of good and then availability of goods in the market reduce.

Thus we understand Inflation is caused by the combination of the below four factors:
1. The supply of money goes up.
2. Demand for money goes down.
3. The supply of other goods goes down.
4. Demand for other goods goes up.

Job Opportunity with PIMCO - California

Pacific Investment Mgmt Company PIMCO is looking for : Senior VP & Equity Marketing Specialist.

The individual will be charged with identifying sales opportunities and developing relationships with prospective clients and also work with our Account Management teams to position equity strategies with existing clients. The individual will also work closely with our Consultant Relations team to interact and position PIMCO's equity strategies with key consulting firms. The position will be based at our headquarters in Newport Beach, California and will report to the Head of the Institutional Business Group. The Institutional Equity Salesperson must build solid internal relationships and partnerships with Account Managers, Product Managers and Portfolio Managers within the firm.

Candidate must have : Eight to ten years' experience related to the sale of institutional investment management services and products is required. Our ideal candidate will have a minimum of five to seven years' experience in equity sales.
Develop a marketing plan in the institutional investor space for PIMCO's equity products and strategies
• Understand prospect and client needs, both short and long term, and become familiar with decision processes and decision makers.
• Promote investment product sales through frequent meetings and discussions covering investment strategy, equity market developments and investment performance,
• Establish, build and sustain assigned prospect relationships through idea generation, which positions the firm as a capable, creative and trusted advisor.

Apply online in the career site of PIMCO..
Best of luck.

Job opportunity in Morgan Stanley New York

Morgan Stanley seeks a professional with about 5 years of financial service experience as a controller or in operations environment to work in a multi-disciplined risk management function within the Market Risk Department.

Position Title: Operational Risk Data Manager
The principal responsibilities :leading the efforts for operational risk data collection and management, being a key person in managing business partner relationships and compliance to risk regulations.Assist in the identification of operational risk losses within the firm's systems and ledgers and establishing, developing and automating feeds of firm-wide key risk indicators.
Deep understanding of finance and control systems, methods and rules or, alternatively, deep knowledge of operations transactions settlement life cycle and systems.

Candidates can apply directly in the career site of Morgan Stanley....

JOB OPPORTUNITY in INDIA

There was a trend when most of professionals dreamt of going onsite and earning loads of money. All those professionals who have shifted to different corners of the world are planning to come back to INDIA. They are now seeking job opportunities to come back to their country of origin.

Those who lived outside India for a very long time, needs to plan certain things if they are planning to come back to INDIA.
Change in Lifestyle of Family: INDIA is now the 4th largest economy of the world. There are various projects on roll to improve infrastructure and economy scenario. With this improvement family will sure enjoy the same life style and not much adjustment to be done.

Change in Work Culture: Most of the top Fortune companies and big companies are present in INDIA. More are also planning to establish their presence. With the presence of best companies we can be assure of great work culture.
Strong reason for Job change: INDIA is the land of opportunities. As of now INDIA’s job market are known for the stability and growth prospectus. INDIA has better job opportunities than any other country in the world.

WELCOME BACK to INDIA…….

Business Analyst Opportunity - Thomson Reuters - Newyork

Senior Business Analyst : will be part of the Risk Management team reporting to the Regional Head of Professional Services. The role will be based in New York and will involve providing consulting and support on Thomson Reuters Risk Management software for North American clients. The role might require travelling within the US and might involve international travel to other countries in the region.

Important tasks will be to work on software implementation projects at customers.
JOB ROLE:
• Documenting requirements and writing specifications and Gap analysis
• System configuration and User Training
• Investigating and reproducing client issues
• Test and validate new applications and patches

Have to work closely with the project manager and others in the implementation team. Potential candidate must have a thorough knowledge of risk management, and some professional experience working in finance; either for a software vendor or a financial institution.
Skills
•Educated to Masters level in Math, Finance or related field
•Excellent financial markets knowledge in Forex, Money Market, Fixed Income, Interest and related derivatives
•Knowledge of Credit and Market Risk including but not limited to stress & scenario testing, VaR, etc.
•5 years of experience working in for a software vendor or a financial institution
•Previous customer facing experience is preferred.

Visit: careers.thomsonreuters.com for more information about Thomson Reuters.

Job Opportunity for Software Engineer -BOSTON-US

Wellington Management Company is a leading investment management firm with responsibility for $630 billion in client assets spanning US, international and global equity, fixed income, currency, commodities, real assets, and active asset allocation portfolios for institutional clients and mutual fund sponsors in over 40 countries.

Qualifications for desired candidate:

 A minimum of five years of experience in the investment industry, ideally with an asset manager, a hedge fund, or an investment bank.
 Demonstrated understanding of fixed income security data structure and attributes (including those for related derivatives), quantitative concepts, and related front-office investment processes.
 Good understanding of 'bond math' and relevant market conventions such as yields/rates/spreads, sensitivity measures, and risk management.
 At least seven years of application designing and programming experience using Matlab, Java, C/C++, or R. Comfortable in numerical programming.
 Working knowledge of SQL and relational database technology.
 Knowledge of Microsoft tools is a plus.

You need to upload your resume on the website :http://www.wellington.com/Careers/Global_Employment_Opportunities/

Job Opportunity for IT Project Manager in LA - US

Hi All,

There is an exciting opportunity for IT Project Manager with experience at a financial institution. The project manager will be responsible for the planning and successful execution of enhancing a portfolio data management system using cutting edge technology.

One must have following traits.
• Responsibilities include project management, domain analysis and design, web service and web application development, code and design reviews, database design, best practice enforcement, budget tracking, management and development of existing staff, and retaining consultants/contractors as needed to achieve architecture project success on schedule and budget. Must follow SDLC and promote best practices for development such as continuous integration and compliant change management.
• Experience in managing, motivating and mentoring technical and business analysis staff; 5+ years of direct supervisory experience for teams of 5 of more staff. Also understanding of SOA Architecture, Business Process Management, IT Security, and Open Source frameworks and libraries
• 5+ years experience working in buy-side asset management Information Technology with a strong preference for Fixed Income experience
• An experience of doing Object Oriented Analysis and Design, using Domain Driven Design, and Design Patterns
• Design level experience and solutions incorporating Java, JEE, JPA/Hibernate, JMS, Web Services, Web Applications, HTML, XML, JSON, JavaScript, ETL, and Inversion of Control will be added advantage
Position: IT Project Manager
Start Date: ASAP
Contract Length: 1 Year Rolling
Location: California
Contact: Oliver Adams
E-Mail: contracts@selbyjennings.com

WEALTH TAX

Hope you all rich people are enjoying life and having gala time. Are you aware of Wealth tax. Wealth tax can also be charged if an individual's wealth crosses INR 30 lakh.

This would be taxed at 1% of the wealth.

Wealth tax is liable to : Individuals and companies have to pay wealth tax.

Below are the mentioned assets where you might need to pay tax.

. Residential house (including a guest house) and commercial building;

. Jewellery, gold and other precious metals, including articles made of precious metals;

. Yachts, boats and aircraft (other than those used by the taxpayer for commercial purposes);

. Urban land;

. Cash in hand in excess of 50,000 of individuals

. Motor cars (other than those used in taxpayer's hiring business or used as stock-in-trade).

Below are the mentioned assets where you might Not need to pay tax

. One house or part of a house or a plot of land belonging to an individual or a Hindu Undivided Family;

. A plot of land comprising an area of five hundred square metres or less;

. Any house which is occupied for the purposes of tax payer's own business or profession;

. Any residential property that has been let out for a minimum period of three hundred days in the financial year;

. Any property in the nature of commercial complex/establishment.

To check if there is liablility to pay wealth tax, first compute the market value of the assets.

If there is a loan on property, then the wealth tax payable is the net value minus the outstanding loan amount.

The due date of filing wealth tax return is the same as the one for filing of return of income, which is July 31.

Opportunity for Java developers in USA

Hi All,
IT Professionals there is an opportunity for Core Java Developer – Green Field Order Management System – (Core Java, Linux, Shell Scripting, Messaging, Sybase/SQL) – NEW YORK

Brief job Role mentioned below:
• he will be Working with other developers to understand requirements and to co-ordinate as a team member in delivering the OMS system roll out
• OO design/programming and design pattern experience.
• Database design and writing stored procedures.
• Requirements gathering, lead the technical design, development and participation in the full system development lifecycle.

Key words: Core Java Developer, Linux, Shell Scripting, Messaging, Sybase, SQL, JMS, Tibco, XML, XSLT, Fixed Income, MBS, Passthrus, Treasuries, CMO.

Candidate must have work experience in Core Java - Messaging and Scripting are seen as a massive plus - although those with limited experience in one with strong experience in the other two will also be considered. The successful and experience Core Java Developer – Green Field Order Management System – (Core Java, Linux, Shell Scripting, Messaging, Sybase/SQL) – NEW YORK.

If you would like to apply for the send your updated CV to Java@selbyjennings.com.
Also you can all on 212.231.8223/0044 207 019 4163 / 0044 207 019 4163.

Accountant Job in US

There is an opportunity for Accountant professionals within the Miami office Sugar Trading Division..
ED&F Man was established in 1783. Today the company is a leading provider of commodities, logistics and risk management services. The company is employee owned with approximately 4,000 employees working in 50 countries around the world.
The successful candidate given an opportunity to explore career in global demand for agricultural
RESPONSIBILITIES
• Analyze, review and report on monthly trading profits and overall results.
• Arrange the consolidation and preparation of the regional financial report.
• Understand the divisional trade flows, their impact on cash management, resource usage, statutory reporting and tax planning.
• Liaise between all regions and the Americas Head Office finance department.
• Respond to ad-hoc reporting requests from the CFO.
• Oversee the preparation of annual financial statements and monthly consolidated reports.
• Analyse and verify variances from budget and prepare forecast.
• Prepare daily cash flow forecast.
• Provide solutions and support to Logistics and Trading with ad-hoc queries.
• Prepare weekly analysis of working capital.
PERSON SPECIFICATION
• Bachelor’s Degree in Accounting and/or Finance.
• Bilingual in English and Spanish is a requirement.
• Distribution and/or Trading background would be beneficial.
• CPA preferred.
• 4-7 years experience, ideally split between public accounting and industry.
• Experience of fair value accounting as it relates to forward contracts, futures and options would be preferred.
• People skills are essential; you must be dynamic and have the ability to communicate clearly regardless of audience.
• Familiarity with transfer pricing issues.
• Proficient in Microsoft Office particularly Excel.

Singapore Immigration Policy 2011 -2012

Singapore's new immigration policy will be applicable from Jan 2012. It would makes work permits tougher for Indian workers with middle-level skills
The middle, the lower middle level foreigners are on employment pass. The changes will apply to Q1 pass holders, which is the lowest category of employment passes, who have to earn at least S$3,000, up from the current S$2,800. The qualifying salary for P2 employment pass will go up from S$4,000 to S$4,500.

We can expect a moderate impact on Indian workers who apply under the Q1 and P2 categories. These are middle-level professional, managerial, engineering and technical talents.

However, typically, workers from India come with better qualifications and complement the local talent; therefore they command a relatively better salary. The reason of this change in regulations is to tighten the eligibility requirement for entering lower and mid-level jobs. this way the hiring process will include better educational qualifications and higher qualifying salaries. The changes are also likely to impact small and medium enterprises in singapore. While considering global slowdown already affecting business and economy, this policy will push up wage cost.

there will be more selective process than before in granting employment permits to foreigners and their requirements have been made more strict with regards to education qualifications, type of college/university, experience etc. If a company feels the person has the required skills, the additional salary requirement will be taken into consideration and some modifications or arrangement will be done.

XAT Notifications 2012

XAT 2012 will be held on 8th January, 2012.
XAT 2012 Prospectus available from September 20, 2011 till November 30, 2011.
The online registration for XAT and XLRI will start from September 20, 2011.

XLRI Jamshedpur(School of Business and Human Resources)invites application for XAT 2012 (on Sunday, 08 January 2012)and the academic programmes of XLRI.

XAT scores used by more than 70 management institutes across the country for admitting students to different postgraduate management courses of respective institutes.

Online registration for XAT 2012 can be done from September 20, 2011 till November 30, 2011. Applicants have to apply separately to institutes of their choice.

Pragathi Gramin Bank Recruitement 2011

Pragathi Gramin Bank Invites Applications for the Recruitment of Officers & Office Assistants.
No.of Vacancies and Payscale: Office Assistant– 64 posts- Rs.7200 – 19300
Officer MMG scale II(IT) – 13 posts –19400-28100
Officer MMG Scale-II - 19 Posts- Pay Scale- Rs. 19400-28100
Officer MMG Scale-III - 03 Posts - Pay Scale- Rs. 25700-31500
Important Dates:
Online Registration: 17-08-2011 To 16-09-2011
Date of Written Exam: 13.11.2011[officer], 30.10.2011[assistant]
Eligibility Criteria : For Officers and Assistants-
Officer MMG Scale-III
• Qualification:- Degree from a recognised University in any discipline or its equivalent with a minimum of 50% marks in aggregate.
• Experience:- Minimum 5 years experience as an Officer in any Bank or Financial Institution.
Officer MMG Scale-II
• Qualification:-Degree from a recognised University in any discipline or its equivalent with a minimum of 50% marks in aggregate.
• Experience:- Two years as an officer in any Bank or Financial Institution.
Officer MMG Scale-II (IT)
• Qualification:-Degree from a recognised University in Electronics / Communication / Computer Science / Information Technology or its equivalent with a minimum of 50% marks in aggregate.
• Experience:-Certificate in ASP, PHP, C++, Java, VB, VC, OCP etc.
Office Assistants (Multipurpose)
• Qualification:-Bachelor Degree or its equivalent of a recognised University in any discipline;
(a) Essential: Proficiency in Kannada language.
(b) Desirable: Knowledge of Computer skills.
Age must be( As on 01.07.2011) :-

Post code 1 : Officer Scale III Below the age of 40 years
Post code 2 : Officer Scale II Above 21 years but Below 32 years
Post Code 3 : Officer Scale II(IT) Above 21 years but Below 32 years
Post Code 4 : Office assistant Minimum 18 years – Maximum 28 years
For more details on Eligibility and educational qualifications for individual Posts,
Selection Procedure
The selection of the candidates shall be on the basis of written test and interview. Written test will be of Objective Type Consisiting of :-
For POST CODE- 1, 2 and 3(Officer Scale-III ,Scale-II and Scale-II(IT)):-
Reasoning, Quantiitative Aptitude & Data Interpretation, Financial Awareness and Genaral english. Each part having 50 questions and a total time of 150 mins for 200 questions.
For POST CODE- 4 (Office Assistants):-
Reasoning, Numerical Ability,General Knowledge and Genaral english. Each part having 50 questions and a total time of 150 mins for 200 questions.
Note:-
The candidates securing a minimum of 40% marks(35% for SC/ST/XS/PC) in the written test shall qualify for interview in ratio of 1:3 depending upon number of Vacancies .
Application Procedure : The fee for this Application is Rs.350 for each Post ( Rs. 50 fee for SC/ST/PWD).
To be paid by Challan at any Canara Bank Branch Before Sep 16, 2011.