Popular Articles

David Reilly: Bank regulators need not meddle in accounting
Here’s one thing that leaders of the Group of 20 (G-20) nations don’t need to work on at their Pittsburgh meeting—accounting rules. There is no surer way to give investors short shrift, or lay the groundwork for future financial crises, than to politicise accounting. Nor do investors need bank regulators sticking their noses into this area. If regulators want to ensure that banks are better able to withstand losses, they have the power to do so on their own.

Farm credit worth Rs 1.38 lakh cr disbursed in H1
Banks and co-operatives have disbursed farm loans to the tune of Rs 1.38 lakh crore in the first half of 2009-10, meeting over 42 per cent of the target set by the government for the whole financial year.

News of the day

Maha govt staff call off proposed strike
The government employees in Maharashtra today called off their proposed strike which was sheduled to begin tomorrow, saying the state government has accepted "most of their demands" including payment of HRA as per Sixth Pay panel recommendations from this month.
Public Company

Facebook use cuts productivity at work: Study

Facebook lovers, here is another survey showing how employee productivity is robbed at workplaces. So put a limit on its usage before employers and the bosses put a stop on its usage at work. - Investor offer values Facebook at $6.5 bn - MySpace to cut 300 global jobs; restructure India ops - Just what the doctor ordered - MySpace to lay off 400 employees: report - Facebook members register user names @ 550 a second - Update your status, update your job While it won"t make employers popular, restricting Facebook can reclaim lost productivity. A new study by Boston IT advisory firm, Nucleus Research finds that, company that allow users to access Facebook in the workplace lose an average 1.5 percent in total worker productivity. Nearly half of employees in the recent "social net-working" study use Facebook during work hours some as much as two hours per day. The average worker uses it for 15 minutes a day, and most couldn"t come up with a legitimate "business reason" for logging on. The survey of 237 employees also showed that 77% of workers who have a Facebook account use it during work hours. And "some" employees use the social networking site as much as two hours a day at work, the study found. Nucleus Research did not say how many workers fit into that category, but did note that one in 33 workers surveyed only used Facebook at work. Of those using Facebook at work, 87% said they had no clear business reason for using the site. "If your company is facing tight margins and low profitability, as many are now, then how can you accept any work distractions that drain your overall productivity?" asked Rebecca Wettemann, vice president of research for Nucleus Research, in a statement. "While it won"t make you popular, restricting Facebook can reclaim lost productivity. If your profitability is say 2%, this could be the difference between staying open or closing shop." Facebook, which logged its 250 millionth user in early July, has been showing tremendous growth. Last week, Nielsen Online reported that people spend more time on Facebook than any on other Web site. The study also noted that 87.25 million US users visited Facebook from home and work during June, and each of those people spent an average of 4 hours, 39 minutes and 33 seconds on the site during the month.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):