Principles of Management: Subordination Individual General
Principles of Management: Subordination Individual General
Principles of Management
9. Scalar chain. The line of authority from top management to the lowest ranks represents the
scalar chain. Communications should follow this chain. However, if following the chain creates
delays, cross-communications can be allowed if agreed to by all parties and superiors are kept
informed.
13. Initiative. Employees who are allowed to originate and carry out plans will exert high levels of
effort.
National
Former Telecom Minister A Raja was sent to Tihar Jail in Jail in Delhi on Feb 17th in
relation to the 2G scam. He will be in judicial custody for fourteen days until March 3rd.
He was also earlier arrested by the CBI on 2nd Feb and was held in their custody in view
of the evidence they had collected against him regarding his involvement in the 2G
scam. A. Raja has been accused of issuing 2G licenses at throw away prices creating
massive losses for the exchequer. According to the national auditor CAG, the 2G
spectrum phone licenses were sold in 2008 for a fraction of their value and this has
resulted in a notional loss of Rs. 1.76 lakh crores. The 2 G scam has created major
uproar in Parliament and has sent shock waves across the country.
Leaders of the outlawed United Liberation Front of Asom (ULFA) met Home Minister P.
Chidambaram on Feb 10 to signify the start of the much long-awaited peace talks aimed
at ending 30 long years of insurgency in Assam. History was created when the eight
member ULFA team headed by Arabinda Rajkhowa met Chidambaram at his North
Block office for a first round of peace talks. This is a highly significant development
considering ULFA has been trying since 1979 to carve out an independent homeland of
Assam. While ULFA has not put up any demands or finalised any agenda for talks, the
beginning of talks itself is being seen as a very positive step to restoring peace in the
state.
Prime Minister Manmohan Singh announced that his government would set up the Joint
Pariamentry Committee (JPC) to investigate the 2G spectrum scam. The government
finally agreeing to introduce the JPC does not come about as unexpected. With the
opposition being absolutely unrelenting in their demands for the introduction of the
probe, the Congress had to finally give in. The previous years winter session in
parliament ended with only ten working hours on record. In order to ensure that the
budget session does not get similarly affected, several meetings with the different
political parties were set up and Finance Minister Pranab Mukherjee tried to bring about
a compromise, which in the end proved to be futile. In the Lok Sabha, on the first day of
the budget session the PM said “On account of the controversy relating to allocation of
2G spectrum, the winter session of Parliament was lost. Our country can ill-afford
this...in paralyzing Parliament, we all do disservice to those who have elected us.” Later
on he also announced the introduction of the probe when he went on to add “It is in
these special circumstances that our government agrees to a JPC...we are a functioning
democracy and must try to resolve our difference is the spirit of collaboration not
competition.”
With the Income Tax Department celebrating 150 years of taxation in the country the
government will issue coins of Rs. 150 in denomination. The special coins which also
includes Rs 5 denomination would be released by the Finance Minister Pranab
Mukherjee ahead of his budget speech. The Rs 150 coin is prepared from an alloy of
copper, nickel, silver and zinc. ‘Sathyameva Jayathe’ and ‘India’ would be engraved on
the front side of the coin while the back side will feature a portrait of portrait of 'Chanakya
and lotus with honeybee'. The Rs 5 coins will also be minted in a similar fashion. This is
a special occasion with the IT department having completed 150 years of taxation from
1860 to 2010.
The Bombay High Court on Feb 21 confirmed the death penalty to 26/11 terrorist Ajmal
Kasab and termed the case being the rarest of rare and held that there was "no scope of
reform" of the convict. This comes nine months after the lone 26/11 terrorist who was
captured alive was ordered to be sent to the gallows by the trial court on May 6, 2010.
Kasab, an LeT operative was captured alive at Girgaum Chowpatty in Mumbai on
November 26, 2008 while none other operatives who has come with him were gunned
down by the security forces at the terror sites. Justice Ranjana Desai told Kasab through
video conferencing "Aapko saza-e-maut yeh adalat barkarar karti hai. Aap Supreme
Court mein appeal zari kar sakte hain (Your death sentence is upheld. You can appeal
before the Supreme Court,"
Sports News
The 10th edition of the ICC cricket World Cup, was officially launched on 17th Feb with a
grand opening ceremony being held in Dhaka, Bangaldesh. The stadium was filled with
spectators and evening proved to be visual spectacle with colourful fireworks, songs and
dance routines to mark the start of the eagerly awaited event. Bangladeshi Prime
Minister Sheikh Hasina declared the event open amid thundering cheers while the
fourteen participating Captains were revealed to the public being carried in tricycles.
Shankar Ehsaan Loy and other popular artists performed at the venue with the show
stopper being Bryan Adams.
The 34th National Games, was finally held in Jharkand and the event turned to be very
successful. The games were held from 12th February 2011 to 26th February 2011.Many
athletes all over the country took part in various disciplines and quite a few records were
broken in the process. The long-postponed 34th National Games was originally
scheduled for 2007. The Games have been deferred six times – four times due to delay
in developing infrastructure and then postponed again due to the coming of Assemble
Elections.
India played Bangladesh at Mirpur in the first WC match of the tournament on Feb 19.
India started with a bang scoring 375 with both Virender Sehwag and Virat Kohli hitting
sensational hundreds to take the match away from the hosts. Sehwag particularly looked
murderous. The Indian team was expected to be under pressure to perform well against
Bangladesh as their previous campaign in 2007 resulted in an early exit and left many
disappointed fans back at home.
Viswanathan Anand regains No.1 Ranking Again
World Champion Viswanathan Anand played against Magnus Carlsen of Norway to end
the match in hard fought draw and finished second in the Bilbao Final Masters chess
tournament. But the icing on the cake was when the Indian ace dethroned Carlsen from
the number one ranking in Live rating list for the first time since January this year and
ended up as the top player in ratings too.
Former Brazil striker Ronaldo announced his retirement from soccer on Feb 14. The 34-
year-old three-time world player had a year end contract with Corinthians. But a shock
loss led to an early elimination from the Libertadores Cup and violent protests from fans.
Ronaldo further added that frequent injury problems were one of the main reasons in
him deciding to announce his retirement. Thus ends a brilliant career in which he scored
more than 400 goals including a record 15 at World Cups.
International News
The people of Egypt went wild with celebrations after President Hosni Mubarak resigned
and handed power to the military on 11th February. For eighteen days thousands of
people had taken to the streets all over Egypt demanding the ouster of their autocratic
President who had been in power for the past thirty years. One of the key reasons for
such public outrage has been widespread poverty, inflation and rampant corruption in
the government for many years. Tahrir Square, the epicentre of the anti-government
protests burst with joy when the announcement was made. This has been a hard fought
struggle for the people of Egypt after many episodes of violence having been reported
between the public and Mubaraks forces.
China has now overtaken Japan as the world's second-biggest economy. Japan's
economy was worth $5.474 trillion (£3.414 trillion) at the end of 2010, figures from Tokyo
have shown while that of China's economy is closer to $5.8 trillion for the same period.
China has been enjoying a manufacturing boom for quite a few years now and it is
expected that at its current rate of growth, analysts see China replacing the US as the
world's top economy in about a decade. The US economy is currently almost three times
the size of the Chinese economy in dollar terms.
A massive earthquake on 22nd Feb has caused massive destruction in the city of
Christchurch, New Zealand. The 6.3-magnitude earthquake was the second in five
months for the city and the death toll continues to increase with the police having
confirmed 148 deaths with 200 still missing. The damage caused has been said to be
much worse than the 7.1-magnitude quake on 4 September, which left two people
seriously injured but no fatalities. The city's historic cathedral was one of the many
buildings that got significantly damaged, while cars lay in a mangled heap under a pile of
rubble and roads cracked open with fissures as a result of the tremors. Dazed, bleeding
residents could be seen wandering through streets strewn with debris and piles of
concrete.
Inspired by the outcomes of Tunisia and Egypt over the past few weeks the people of
Libya have also taken out to the streets in their cries for freedom against their autocratic
leader Muammar Gaddafi. Thousands of people have joined the struggle and there have
been continuous reports of frequent clashes with the Muammars loyalists and the
protesting public. Scores of people have been reported killed in continuing violence in
the Libyan capital, Tripoli, amid escalating protests against Muammar Gaddafi's 40-year
rule across the North African nation. With each passing day the leader seems to be
losing support from people working in his own government and is also under increasing
pressure from International powers to step down.
The Kings Speech Wins Best Picture at the 83rd Annual Academy
Awards
‘The Kings Speech’ had a great outing at this years Oscars winning four awards. The
film won in the best picture category and its director Tom Hooper received Best Director.
Colin Firth received the award for best actor for his central role in Kings Speech while
best female actor went to Natalie Portman for Black Swan. ‘The Best Supporting Actor’
and The Best Supporting Actress’ awards were bagged by Christian Bale and Melissa
Leo for their performances in film, ‘The Fighter’. Indian musician AR Rahman missed out
on his two nominations for his score in ‘127 hours.’
Food Inflation eased to Single Digit at 9.5 per cent for the
Week Ending 19 March 2011
Current Affairs Week: 28 Mar 2011 to 03 Apr 2011
Food inflation eased to single digit at 9.5 per cent for the week ending 19 March 2011 from 10.05 per cent
in the previous week...Current Affairs 2011
Tags: current affairs April 2011, food inflation eased to 9.5% for the week ended 19 March,wholesale price index-
based inflation in India, food inflation relaxed on account of a decline in the prices of pulses