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10 Best Management Books

Shitanshu Kapadia
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10 Best Management Books

Best Management Books – Leadership and management skills are important when you want to start and run any business. Additionally, if you want to become an effective manager you have to develop managerial skills. You can learn management skills by classroom training or on-the-job training. However, reading books is one of the best ways to learn leadership and management skills.

If you are eager to learn management skills, here is a list of 10 Best Management Books. I am sure that reading these books will help you in achieving expertise in management and leadership skills.

management books

10 Best Management Books

#1 Corporate Chanakya

Author – Radhakrishnan Pillai

Corporate Chanakya is one of my favorite books on management. This book describes the ideas of Chanakya for leadership, management, and training. Chanakya was a multi-fold personality who was a master in identifying leaders and grooming them. The book contains vital information compiled from Kautilya’s Arthshastra along with practical examples.

The book is divided in three sections leadership, management, and training. The subsection of book includes topic such as organizing and conducting effective meetings, dealing with tricky situations, decision-making, the powers of a leader, etc. This book brings back ancient Indian management wisdom in a modern format.

Also Read – 10 Best Business Books for 2020

#2 How to Win Friends and Influence People

Author – Dale Carnegie

How to Win Friends and Influence People is a self-help book. It is one of the best-selling books all over. This book will help you to lead towards success. This book is divided in four sections. (1) Fundamental Techniques in Handling People (2) Six Ways to Make people like you (3) How to win people To Your Way of Thinking (4) Be a Leader – How to change people.

From a management perspective, this book is like gold. There are many useful examples and principles in this book that can be learned and applied at your workplace as well as personal life.

#3 The 7 Habits of Highly Effective People

Author – Stephen R Covey

The 7 Habits of Highly Effective People is a best-seller self-help book.  As the name suggests, this book talks about the Habits of highly effective people. This book explains how these habits make a person more effective personally and professionally. The book also explains how assumptions and perceptions hinder success in business and personal relationships.

The 7 Habits defined in this book are – Be proactive, Begin with the end in mind, First thing first, Think win-win, Seek first to understand, then to be understood, Synergize, and Sharpen the saw.

#4 The one-minute manager

Author – Ken Blanchard and Spencer Johnson

The One Minute Manager is a short book on management. This book talks about three techniques of an effective manager: one-minute goals, One-minute praising, and one-minute reprimands. The book is about personal development. However, it is a very basic book. If you are a beginner you should read The one-minute manager.

#5 The great game of business

Author – Jack Stack Bo Burlingham

The Great Game of Business is a very old book. This book talks about how business works. It is a highly recommended book for the CEO or senior executive of the company. This book will surely help you in increasing your business acumen.

#6 Emotional Intelligence

Author – Daniel Goleman

Emotional Intelligence is a different type of book. In this book, the author gives the perspective that the emotional quotient is more important compared to the Intelligence quotient. The people with EQ is likely to have better leadership skills, mental health, and job performance. EQ can be taught. EQ is not really intelligence but it is one type of behavioral trait. This book was a bestseller in the New York Times.

#7 The Six Sigma Way

Author – Peter Pande

The Six Sigma Way is a book that helps you to implement Six Sigma in your organization. Six Sigma is a set of techniques and tools that help organizations to reduce risk and enhance operational excellence. This book gives practical examples. It also provides a checklist for the entire process of Six Sigma. If you want to maximize the impact of your change and improvement efforts, you should read this book.

#8 Who Moved My Cheese?

Author – Dr. Spencer Johnson

Who Moved My Cheese? is a motivational book for business. This book helps you to deal with change in your work and your life. If you want to move out of your comfort zone this book is for you. The book shares the story of four characters who live in a maze and look for cheese.

#9 Decisive – How to make better choices in life and work

Author – Chip Heath & Dan Heath

Decisive – How to make better choices in life and work is one of the best books that helps you to make better choices in life and work. The book talks about how to overcome natural biases and irrational thinking to make better decisions. After reading this book you will be confident in making any decision in life.

#10 Scaling up excellence – Getting more without settling for less

Author – Robert I. Sutton & Huggy Rao

Scaling up Excellence is the book for achieving higher levels and excellence. This book shares stories from successful leaders and organizations. The book is full of rich examples, powerful studies, and actionable insights for anyone who wants to create an effective organization.

Transparent Taxation Platform – Key Features & Benefits

Shitanshu Kapadia
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Transparent Taxation Platform – Key Features & Benefits

Transparent Taxation Platform –  PM Modi has launched a new platform for transparent taxation honoring the Honest. The objective is to make the tax system seamless, painless, and paperless. The new platform will have a faceless assessment, faceless apple, and taxpayer charter. You must be aware that CBDT has launched various major tax reforms this year including Vivad se Vishwas scheme and abolition of dividend distribution tax. A transparent taxation platform is an additional step to help taxpayers.

The platform will bring transparency, efficiency, and accountability to the tax system. The new platform will also increase tax compliance. This platform makes use of the latest technology data analytics, artificial intelligence, and a faceless system. Key features of the Transparent Taxation Platform are given below.

Transparent Taxation Platform

Key Features of Transparent Taxation Platform

Faceless assessments

This platform is designed for the faceless assessment. This means the system will eliminate the direct interface between the taxpayer and the income tax department. This will, in turn, reduce the scope of corruption by income tax officials.  

The selection of taxpayers for the assessment will be done via the system. The system will make use of analytics and artificial intelligence for the selection. The assessment will be done remotely. The case allotment will be done on a random basis. The taxpayer is not required to visit the Income-tax office or officer. The decision and assessment will be done by a team with a proper review of the mechanism. Any assessment, other than the exception outside the faceless system will be invalid. The cases that are exceptions are tax evasion, international tax, black money, benami property, etc.

Also Read – Income Tax Calculator FY 2020-21 (AY 2021-22) – Excel Download

Faceless appeal

In addition to assessment, the appeal will also be carried out in a faceless manner. The appeals will be allocated randomly to any officer in the country. The identity of the officer allocated will remain secret. In appeal also taxpayer is not required to visit the income tax office or officer. The decision will be taken by the team remotely based on facts and figures.

Taxpayers Charter 

A new taxpayer charter is introduced along with this scheme. The announcement was made by the Finance Minister Nirmala Sitharaman in the budget 2020 speech. The formal launch is done with this platform. The objective of the new taxpayer charter is to establish trust between taxpayer and tax administration. The charter will also improve tax compliance.

A taxpayer charter cell will be created for each zone. Taxpayers can approach charter cell. The charter shall list out income tax department’s commitments to income taxpayers.  

Benefits of Honoring the Honest Platform to Tax Payers

Taxpayer Charter & honoring the honest will help taxpayers in the following ways.

  • It provides prompt, courteous, and professional assistance to taxpayers in dealing with the taxpayer.
  • The platform shall provide fair and impartial appeal and review mechanisms.
  • The resolution of all income tax proceedings within a time-bound manner prescribed under law.
  • The platform will take care of the privacy of the taxpayer. No more intrusive than necessary in any inquiry, examination or enforcement action.
  • The information provided by the taxpayer shall not be disclosed unless authorized by the law.
  • Team-based assessment and team-based review eliminates the bias opinion and chance of corruption.
  • No need to physically visit an income tax office for the assessment. It will be a completely faceless assessment.
  • The Interface will be provided to the taxpayer for logging complaints. The prompt response and disposal of complaints via platform.
  • The resolution of the income tax-related issues in a time-bound manner.
  • A new platform will reduce the cost of compliance. The entire system will be online and does not require traveling and other administrative arrangements.

Expectations of the Income Tax Department from Tax Payer

  • Be Honest and Compliance
  • Be //Informed
  • Keep Accurate Records
  • Know what the representative does on his behalf
  • Respond in Time
  • Pay Tax in Time

Other Tax Reforms

In addition to new taxation platform CBDT has carried out several major tax reforms in direct taxes. The prime focus is to simplify direct tax laws. Corporate Tax rate were reduced from 30% to 22% in 2019. Dividend distribution tax was abolished in 2019. A new facility of DIN (Document index number) is initiated in which every communication will be identified by computer generated identification number. A pre-filled tax return is also introduced to ease compliance for the tax payers.

In short, government is taking up various initiative to improve tax system and to ease tax payer life.

Atmanirbhar Bharat – Best Buy Stocks by CNBC Awaaz – Independence Day 2020

Shitanshu Kapadia
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Atmanirbhar Bharat – Best Buy Stocks by CNBC Awaaz – Independence Day 2020

Atmanirbhar Bharat – On the occasion of 74th independence day 15h Aug 2020, CNBC Awaaz has released Best Buy stock for Atmanirbhar Bharat and Vocal for Local theme.

It is known fact that when it comes to country no difficulty can come on the way. The feeling of taking the country to high altitudes should be in everyone’s mind and heart. If country will grow with the self-sufficiency formula, then obviously the stock market will also move. So you should invest in the stock market and select best buy stocks based on Vocal for Local theme. Here is detail about Best Atmanirbhar Bharat stocks for Independence day 2020.

All these stocks are worth buying and surely give you best returns. You can surely become Atmanirbhar by investing in these stocks. In short, these best buy stocks will fill color of Independence in your stock portfolio. So, let’s take a look at best buy stocks with good fundamentals.

Atmanirbhar Bharat – Best Buy Stocks by CNBC Awaaz

RVNL

RVNL is railway vikas nigam limited. RVNL works on the development of railways. RVNL works towards Atmanirbhar Bharat. The revenue of RVNL is growing year on year. In last five years the revenue of this company has doubled. The profit of RVNL has also grown significantly in last five years. The valuation of this stock is reasonable. The lot of work is being done and about to happen in India for the development of railways. It is must buy stocks for the long term.

Bharat Dynamics

Bharat Dynamics is leading manufacture of ammunitions and missile systems in India. Bharat Dynamics make high-tech engineering products. More focus is given to defense sector and Bharat Dynamics is beneficiary for the same. The order book value of Bharat Dynamics is growing and will grow further. This stock has given 57% returns to the investors.

Aarti Industries

Aarti Industries is chemical sector company engaged in production of various chemicals like benzene, pharmaceuticals, surfactants etc. Additionally, company also deals in auto, textile & aerospace. Aarti Industries will get benefits of various import restriction. Going ahead the business of Aarti Industries will grow in export segment.

Ashok Leyland

Ashok Leyland is largest automobile company in India dealing in commercial vehicles. In addition to automobile Ashok Leyland also deals in the defense sector. Due to Atmanirbhar Bharat this sector is opening up at large scale. The valuation of stock is very attractive. One can invest in Ashok Leyland stock.

Zen Technologies

Zen Technologies is small arms manufacturing company. Zen Technologies also build training solutions which is used by Indian police services. The company is in one type of monopoly business. Zen Technologies also provide services to para military force. The revenue and profit of Zen Technologies is growing at multifold. The company is also planning to start medical equipment business. Overall it is very good stock for the investment.

Dynamatics Technologies

Dynamatics Technologies is precision engineering company. Dynamatics technologies designs and builds engineering products for Automotive, Aeronautic, Hydraulic and Security applications with futuristic design, engineering and manufacturing facilities. Dynamatics technologies has very good global customer base. The valuation of this stock is very attractive.

Atmanirbhar Bharat- vocal for local

You can watch Youtube Video from here – Vocal for Local Best Buy

Over to you

Do you believe in vocal for local and Atmanirbhar Bharat?

Have you invested in any of the stocks given above?

Do share your views in the comment box given below.

(The views content and recommendations expressed in this post are of  leading stock market experts and do not represent those of Moneyexcel.com. Please consult your financial adviser before taking any position in the stocks mentioned)

How to cancel or close SBI Credit Card?

Shitanshu Kapadia
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0
How to cancel or close SBI Credit Card?

Close SBI Credit Card – Credit card is a very good payment instrument if used wisely and effectively. Nowadays credit card has become a status symbol. People make use of multiple credit cards. But, whenever they receive a fat bill they get worried. As per me, you should keep only one or two credit cards. If you have multiple credit cards, you should cancel it or close it. It is easy to cancel or close a credit card. The reasons for closing of credit card are given below.

  • Multiple credit cards generate multiple bills. It will be difficult to manage due dates.
  • Multiple credit cards create impulsive buying syndrome and you may end up spending extra.
  • You need to pay annual charges for unused cards.
  • You are not satisfied with the features and customer care services.
  • You got offer for the card with superior features and higher credit limit.
  • Your card is lost and you are not in need of card.

Whatever be the case if you want to cancel or close your SBI credit card, this post is for you. In this post, I will share methods to cancel or close your SBI credit card. I will also share things you should consider before closing any credit card. The purpose is to help you with closure or cancellation of your credit card.

close sbi credit card

How to cancel or close SBI credit card?

Step by step method to cancel or close your SBI credit card are given below.

#1 Check for card status

The first thing to check before closing a credit card is if the card is active or not. If your card is kept in unused conditions for a few months’ credit card company has the rights to cancel your card anytime. The bank also suspends credit card if cardholder defaults on the payment due or exceed the credit limit.

In case your card is canceled there is no point in applying for closure.

#2 Clear your dues

If your credit card is active, you should go for the next step which is clearing your dues. The credit card cancellation process will begin only if your clear your pending dues. You will get information about credit card dues in the credit card statement. A credit card statement is sent to the card holder e-mail ID. The statement contains a summary, outstanding amount as well as payment made on credit card.

There are multiple methods to clear your dues. You can login to sbicard.com and make payment via net banking or SBI ATM card. You can also make payment via cheque or demand draft. SBI also offers facility to make payment via ECS (electronic clearing system).

Also Read – 10 Ways to Increase Credit Card Limit

#3 Redeem your reward points

Another important step you need to perform before closing a credit card is checking your reward points. If you have unused reward points you can use it for redeeming for attractive gifts. Pending reward points can be used within 45 days of the cancellation of card. You can use SBI website for redeeming of your reward points.

You can get details of your SBI credit card from your registered mobile number. You can get information via SMS or via missed call also.

#4 Apply for cancellation

Once you are done with all of the above points you can apply for closure or cancellation of your credit card. There are two methods for cancellation.

  • By calling helpdesk – SBI credit card holder can close SBI credit card by calling helpdesk. The numbers of helpdesk are 1860 500 1290, 1860 180 1290, 39 02 02 02(Prefix local the STD code) or 1800 180 1290 (toll free). The representative will ask personal information including name, mobile number, birthdate etc for authentication. You can also write email to customer.care@sbicard.com
  • Send Written request – SBI card holder can also send written request for the closure of your credit card. You need to mention credit card holder name, birthdate and CVV in the letter. The address is – SBI Card, PO-Bag 28, GPO, New Delhi – 110001.

Things to consider before closing credit card

You should consider following points before closing your credit card.

  • Make sure no credit card payment is due before initiating cancellation. Cancellation of card is not allowed in case amount is due on the credit card. You should check credit card statement to know your payment due.
  • You should not initiate any new transaction on the card that you are about to cancel.
  • You should check the reward point and redeem the same before giving request for the cancellation.
  • Closing of credit card means lowering your credit score. You should not close all your credit cards at a time.
  • Make sure to cut the credit card diagonally before disposal.
  • Your add-on credit card will also get close with primary credit card.
  • Don’t forget to take written confirmation from bank about closure of credit card.
  • Bank will not give refund of annual fees, joining fee or renewal fees.

Over to you –

Have you used facility of closing your credit card?

Do share your views and experience in the comment section given below.

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