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Meet the best motivational speaker and business coach to help you grow tremendously-Dr Suresh Mansharamani

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Dr Suresh Mansharamani

We meet many motivational speakers, but only a few are indeed inspiring and their words are life changing mantras.

“It isn’t over until I win and everybody around me wins.”- Dr Suresh Mansharamani, a 64-year young motivational speaker has made a revolutionary identity in the country.  His highs and lows were never any sign of discouragement, rather the challenges which he never gave up irrespective of the numerous tornados that tried to tear him down. Dr Mansharamani defeated all such hindrances on his way and became the charismatic personality he is today.

The journey of Dr Suresh Mansharamani

Dr Mansharamani -OKR Coach, Business Coach, Presidential Awardee, Awarded Best Sales coach of The Year, Author of 7 Books, 3 Times TEDx Speaker, Co-Founder Tajurba, Entrepreneur, First Company IPO 1995, Mentor and  Angel Investor. Unlike many other motivational speakers has not been in this arena for many years yet he has imprinted his mark as the best motivational speaker in the industry today. Many individuals become motivational speakers without realizing the in-depth cores of life and its struggles. The reason simply is that they ever experienced all of that themselves. They share snippets from others’ experiences to commercialise their sessions or gain followers. That is an unfortunate scenario sadly.

Dr Mansharamani stands out uniquely in the arena, inspiring thousands of individuals to realize the best of their potential. He gives out practical solutions to all and shares life experiences that he faced and turned the tables thereon. He is an inspiration and loved by many in the corporate sector right from the CEO to the young entrepreneurs. Everyone who has ever attended his sessions knows well that Dr Mansharamani is a man of gold who aims to make every individual around him grow and not just within his ambit but also beyond as far as he can reach out.

His journey did not begin from a spoon of gold. He was born in a refugee camp in Maharashtra so that in itself describes the humility the man holds within himself. His professional career began with a minor job that just allowed him to have Rs300 in hand. But that did not discourage him and he ensured to transform this Rs 300 into 300 times oversubscribed IPO in 1995. Thereafter his company got listed on the Bombay Stock Exchange, followed by a Presidential Award, and now a Certified Gallup Strengths Coach, Business Coach, OKR Coach, and Author of 7 Books.

Many would find it difficult to believe that at one point in time Dr Mansharamani couldn’t speak or even write English. But language is just a medium and an obstacle he quite staunchly surpassed. He had no significant education, no capital, no mentor, and no excuse either. He only had his zeal, passion, hard work and a touch of craziness which led him to become a self-made multi-millionaire at the age of 38. His Biggest Failure came in the year 2006 when he started the online DVD rental business MovieMart.in. It created lots of hype and media coverage, but it failed miserably. He lost crores in the same. But Dr Mansharamani saw it as a meagre loss only to put his best foot forward this time and worked even harder with a bold and fierce attitude to the “Never Quit” slogan. This motivated him back then and he still instils the same courage with this quote in his fellow students.

The Rise of His Business Coaching

He makes sure to not make people believe the utopian and suggests that his most significant learning from this failure was that “sometimes quitting is a smart option.” It depends upon the perspective through which one goes through this process of leaving one lost and moving forward to many more accomplishments.  Dr Mansharamani believes that success comes from Tajurba that simply denotes experience and this experiential learning comes only from a bad one. Thereafter he established the Tajurba Business Network in 2017 with a vision to connect 10 million MSMEs in India with the Tajurba Platform. He is a Business Coach and OKR expert based in Gurgaon, India.

Dr Mansharamani and his coaching saga to empower –

Dr Mansharamani is completely into empowering young minds and businesses to outgrow themselves and showcase the best possible versions of themselves. He quotes- He helps individuals and businesses achieve their Big Hairy Audacious Goals (BHAGs) in 90 days using OKR systems. No Gyan Only Execution & Achieve Massive Results in just 90 Days.  His Coaching venture called TAJURBA -a Networking Platform under his adept, well-versed, and seasoned leadership, which comes under the oriented label Tajurba known for pragmatic lessons

Dr Mansharamani has cultivated his magnetism over thousands of enthusiastic, aspiring entrepreneurs and business owners with his far-reaching and well-proven method of increasing their revenue and quality of life.  His vision for the next 5 to 7 years is to make India a superpower, a country full of vibrant entrepreneurs, and a community of 1 crore entrepreneurs under his new venture Tajurba where they can access the necessary funding, skills, mentoring, community commerce, and everything else needed to start and grow a business. Now he aspires to hit the target – to replicate such entrepreneurs under his new enterprise Tajurba and who share his traits and ambition to be able to walk in his footsteps or perhaps create new ones to attain the highest heights imaginable. Even became recipients of the President’s Award

All in all, it can be said that there will always be a shortage of words to describe this personality. His aura can only be felt and the amount of motivation and positivity he instils in individuals who approach him. Dr Mansharamani is recognized as the best motivational speaker in the nation today.

His testimonials speak volumes about the impact he has made in the lives professional and personal of numerous individuals many of whom have already climbed the ladder of faith and positioned themselves at the top of their respective fields. To testify the same reach out to this marvelous personality via the following links

To know more: www.SureshMansharamani.com

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Forex Trading Terminologies You Need To Know

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Forex

Currency Pair

It refers to the quotation of a currency unit against another currency unit.

For instance, the euro and the US dollar together form the currency pair EUR/USD. The first currency (in our case, the euro) acts as the base currency while the second (the US dollar) acts as the quote currency.

Exchange Rate

This refers to the rate at which you trade a currency for another. The exchange rate indicates the amount of quote currency you require in order to purchase a unit of the base currency.

Example: EUR/USD = 1.3115. It implies that 1 euro (the base currency) is equal to 1.3115 US dollars (the quote currency).

The exchange rate could change within two days or a week, though. It could even stabilize for a while. However–when–is the question you may want to ask. 

The when becomes a question which no one is ever able to answer precisely. It relies on a number of social and economic factors, a majority of which you’d be able to watch closely as you begin to trade forex.

Why? Given the fact that currency rates may keep changing all the time, and you’d prefer to know when you should purchase a currency and sell another in order to make a profitable deal.

Pip 

Typically, the lowest and smaller increment where a currency pair is priced is known as a pip. Pips can be used to calculate movement in a forex pair. Pips prices could change often or move because of a trade’s timing as well as the amount which is being traded. 

Bid  

The price where the market maker/broker agrees to purchase a currency pair is called bid. The underlying currency pair’s value could affect the Bid price.

Ask  

The price at which the market maker/broker agrees to sell the currency pair. It may even be on the basis of the underlying currency pair.

Spread  

The difference between the Buy/Sell (Bid/Ask) prices as provided to traders on the trading platform. If a CFD provider promises lower spreads as compared to its competitors, it implies that traders will be able to make the most of a smaller difference between the Buy and Sell rate of the underlying FX trading pair. Spread may even be used to measure the liquidity of the market. 

Lot

Forex gets traded in lots. A standard lot consists of 100,000 units of the base currency, whereas a micro lot has 1,000 units.

For instance, in case you purchase a standard lot of EUR/USD at 1.3125, you purchase 100,000 Euros and you sell 131,250 US dollars. In the same way, as you sell a micro lot of EUR/USD at 1.3120, you sell 1,000 Euros to purchase 1,312. US dollars.

Leverage

Strictly speaking, using leverage you borrow funds from a forex broker to be able to trade bigger lots:

Leverage relies on the broker as well as its flexibility. However, do bear in mind that leverage may vary as well: it could be 100:1, 200:1, or even 500:1. Also note that with leverage you’ll be able to purchase $1,000 to be able to trade $100,000 (1,000×100) or $200,000 (1,000×200), or $500,000 (1,000×500).

Now how does it work?

To begin with, it relies on the kind of account you open and what the leverage would be for it and what would you actually require. The mantra is to neither be too greedy nor too shy. Leverage could be helpful in boosting gains as well as losses with the same magnitude. 

Next, your broker would require an initial margin on your account, which is a minimum deposit.

Margin

Margin refers to the minimum amount of funds, indicated as a percentage, which you will require if you wish to open a position and keep your positions open.

If you choose to trade on a 1% margin to give you an example, for every USD 100 you trade, you would have to have a deposit of USD 1. Thus, to be able to purchase a standard lot (i.e. 100,000 of USD/CHF), you would be required to maintain only 1% of the traded amount in your account i.e. USD 1,000. You may be wondering how you would be able to purchase 100,000 USD/JPY with simply USD 1,000? Essentially, margin trading includes a loan from the forex broker to the trader.

If you process a forex transaction, you don’t really purchase all the currency and deposit it into your trading account. You essentially speculate on the exchange rate. In simple words, you just estimate the way your exchange rate may move and make a contract-based agreement with your broker that he may pay you or vice versa on the basis of the accuracy of your prediction. 

Long Position

To enter a long position, you purchase a base currency.

If we assume that you pick the EUR/USD pair. You anticipate that the EUR will strengthen in comparison to the USD and thus you purchase EUR and earn a profit from its rising value. 

Short Position

To enter a short position, you sell a base currency. When you select the EUR/USD pair again but are expecting the EUR to weaken in comparison to the USD, you may sell the EUR and earn a profit from its falling value. 

Bear Market 

It refers to a falling market where traders are anticipating the rates to fall, which hints that there is likely to be more short selling (or traders ‘going short’).

Bull Market 

A bull market shows that the market is appreciating as the traders are keen to boost their long trading activity called ‘going long’.

Broker  

An individual or a firm which acts as an intermediary for traders and financial institutions to carry out transactions. Know more مجموعة ملتي بانك

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Benefits & Features of the Pradhan Mantri Jeevan Jyoti Bima Yojana

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Pradhan Mantri Jeevan Jyoti Bima Yojana

The PM Jeevan Jyoti Bima Yojana (PMJJBY), introduced in 2015 is a 1-year life insurance program funded by the Central Government. The plan can be renewed after the first year and offers financial protection to the policyholder and their family. Insurance companies run the program in the public and private sectors in collaboration with established commercial banks, rural and regional banks, and cooperative banks. However, the participating banks hold the scheme’s master policy.

What is PM Jeevan Jyoti Bima Yojana?

The PMJJBY policy was created and launched to ensure that the policyholder’s family is financially protected in case the policyholder passes away. It aims to give the underprivileged and low-income groups financial security. With the minimum requirement of an open savings account, anyone in the age bracket of 18 and 50 years can purchase this life insurance policy.

The policy beneficiaries will receive a death benefit of Rs. 2 lakh upon the policyholder’s death. 

Here’s all you need to understand and know about the PMJJBY in detail.

Eligibility Criteria  

Following is the eligibility criteria to apply to PMJJBY:

  1. You must be an Indian citizen
  2. You must be 18 to 50 years of age
  3. You need a bank account:
  4. Even if you have more than one savings bank account, you can subscribe to the scheme only with one.
  5. You must link your Aadhaar card to the participatory bank account
  6. You must pay a yearly premium of Rs. 330 for this plan

Features of the Pradhan Mantri Jeevan Jyoti Bima Yojana 

  1. Simple Renewal

The scheme offers life insurance protection for a period of 1 year. You can renew the policy on an annual basis after the 1 year period ends.

  1. Superior Insurance Protection

PMJJBY offers a life insurance policy worth Rs. 2 lakh with yearly premiums as low as Rs. 330.

  1. No advantages of maturity

The policy gives you protection only for the term of the policy. Note that you cannot redeem any maturity benefits with these plans.

  1. Waiting Period

The life insurance coverage begins 45 days after the date of enrollment. However, in the event of a fatal accident, the sum assured amount is paid out. 

Benefits of PMJJBY

This Government-sponsored insurance program comes with several advantages. 

The following are the PMJJBY benefits:

  1. Cost-effective premiums

The policy has an annual premium of Rs. 330, making it cost effective and affordable. 

  1. Insured amount

The insurance plan provides death benefits of up to Rs. 2 lakh upon the policyholder’s demise, regardless of the cause of death.

  1. Tax Benefit

Section 80C of the Income Tax Act of 1961 allows for tax deductions for contributions made to this plan. 

What is the Process to Claim the Benefits of PMJJBY?

The nominee or successor of the insured must go to the bank branch in which the insured has an account to claim PMJJBY. However, the insurance benefit will not be payable if the insured person passes away within 45 days of purchasing the policy for any reason other than an accident.

Steps to be taken by the nominee/beneficiary

Step 1

The beneficiary must go to the same branch where the insured’s savings account is connected to the program. The insured person’s death certificate must be provided to the bank by the beneficiary.

Step 2

The nominee must obtain the claim form from the insurance provider or the bank.

Step 3

After receiving the claim form, the beneficiary must fill it out and submit it along with pertinent paperwork, including a death certificate, a discharge receipt, the policyholder’s bank account information, a photocopy of a cancelled check, and a bank statement.

Steps taken by the bank

Step 1 

After the beneficiary has submitted the claim form and all necessary paperwork, the bank verifies the paperwork and forms.

Step 2

After verification, the bank submits the necessary documentation to the chosen insurance provider.

  • A receipt for discharge.
  • Correctly completed claim form.
  • Copied beneficiary’s cancelled check.
  • Certificate of Death.

Steps that the insurance company will take 

Step 1

The insurance company also verifies the files after receiving the relevant paperwork and claim form from the bank.

Step 2

Following the completion of the claim verification process, the claim amount is transferred to the nominee’s bank account.

Step 3

The insurance provider has 30 days from the time the claim is filed to approve and pay the claim.

Conclusion 

The PMJJBY is a government-initiated insurance plan with the lowest premium costs, making it advantageous for those with limited resources. As a comprehensive policy, the plan guarantees financial security for the insured’s family and offers a financial safety net so they can handle any emergency.

These three factors combine to make the plan a profitable investment choice.

• In an emergency, the plan provides the insured’s family financial security.

• The plan provides a simple switching and enrollment process.

• Also, with the lowest premium rate of Rs. 330 per year, anyone can easily obtain it.

PMJJBY is undoubtedly one of the most reliable and valuable plans for a low-income category to purchase, with all these features and advantages.

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Bridging the digital divide in rural India through Fintech- Nikhilesh Tiwari

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Nikhilesh Tiwari

The past 6 years have presented a very conducive environment for Fintech companies that has led to their major growth in India. Today, India stands in second place after the US in this sector. Even though this growth was booming in urban spaces, it witnessed several limitations in rural India when financial inclusion was still a distant dream. This led to a shift in focus for start-up Fintech players to introduce innovative and user-friendly platforms that would make rural life easier.

One such visionary and start-up founder is Nikhilesh Tiwari, CEO of Spay Technology Pvt. Ltd. Realising the lack of basic facilities such as money transfers, banking facilities, or any other such technology-enabled micro-financing services in most places in rural India, this Kanpur-based entrepreneur came up with an idea to reduce this gap. Nikhilesh started his career in 2007 with Suvidhaa Infoserve Pvt. Ltd., post which he joined Vodafone in 2015. During this time, he made several visits to peripheral towns of Bihar which became an eye-opener for him. Being a first-time entrepreneur, he was unaware of the challenges of funding and investment. However, keeping his determination alive he was able to connect with the right people in the industry who believed in his vision and helped him establish Spay Technology Pvt. Ltd. in 2018.

As a fintech company, Spay was established to offer a transparent and focussed digital investment platform for customers. It caters to a number of services such as Money transfers, Aadhaar Enabled Payment systems, Bill payments, Recharge, travel bookings, Insurance, etc., through which they are able to reach out to various geographies and provide a hassle-free platform for financial services. The company has established its network of agents who are the core backbone and is aligned with the organization’s vision to provide the best of services to consumers.

According to Nikhilesh, “our mission is to focus on where our consumers need it, when they need it, and in what manner they need it. We have built a network of agents and have a presence in our consumer’s neighborhood by reaching extensively to the most needed geographies through our merchants to provide a hassle-free platform for various financial services”.

The company is today worth more than $500 million and has been named as one of the Top 20 BFSI companies of the year 2021-2022 by CEO magazine as well as one of the Top 10 Fintech companies of India by CIO Insights. It has also bagged the award of India’s Greatest Brands by the AsiaOne International magazine and has received appreciation from the Ministry of Finance in 2020. Nikhilesh himself has been felicitated with several awards as a young and dynamic entrepreneur by various celebrities and dignitaries.

Nikhilesh always envisioned to develop a solution that would assist every underserved segment of the population and help them lead a hassle-free life. Today, as he brings these solutions to the doorstep of consumers, the company’s success story is a living testament to his passion and commitment towards building a strong and resilient nation.

To know more about Spay Technology Pvt. Ltd., please visit: https://spayindia.com/

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