About Bajaj Finance Limited

Annual Report 2008-2009 of Bajaj Finance Limited – Assignment Point

We accept great is the adversary of extraordinary. Furthermore, this conviction fills the longing to make a superior reality consistently. Today, we’re the most broadened non-bank in the nation financing the largest arrangement of results.

You may imagine that all banks and non-banks do it, so what’s the serious deal? There is.

While you approach gaining means(finance), we let you do it at all time and with the least exertion. What’s more, we guarantee your interests are not frustrated by constrained access to fund by broadening the greatest ticket sizes across the majority of our portfolios.

This culture of execution and conveyance is fundamental to us. It goes through our items, client experience and direction all things considered. Through profound interests in innovation, procedures and individuals, we have continually strived to convey what we guarantee.

The net outcome – you get what you need in lesser time, lesser exertion, with the goal that for your entire life interests are sans bother.

Bajaj Finance Ltd. has been relegated a drawn out backer FICO score of ‘BBB–’ with a steady standpoint and ‘A-3’ transient guarantor FICO score by S&P Global Ratings on Jan 31, 2019.

Our journey

2000 – 2010

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Human goals need intends to back it into the real world. There are the same number of necessities as there are people.

In the 2000-multi decade we extended our mastery to back dreams past Two and Three wheelers and Durables to Business and Property and an entire host of other individual needs. We tied up with the best organizations to make powerful back finishes to oversee forms. As our impression extended and as we financed an ever increasing number of Indian dreams, we extended our way to create the assets. All the while we utilized innovation to time to get down to business to endorsement for customers over our organizations. We proposed and convinced banks and other non-banks to team up for investigating roads for benefit. Also, we furrowed benefit once again into society too through our different CSR activities.

Our faith in our methodology was taking care of just in accordance with our desires. We crossed Rs. 500 Crore of yearly dispensing in 2000. We multiplied it inside six years to Rs. 1,000 Crore. 2006 additionally observed our Assets Under Management crossing the Rs. 1,000 Crore achievement. Our Shareholders’ Funds crossed the Rs. 1,000 Crore achievement in 2008.

In accordance with our quick broadening money portfolio it was normal that our name mirror the extended circle of our quality in clients’ life.
2011 – 2013

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What does a pioneer do to keep the first soul and conviction perfectly healthy? Improve. Improve and Innovate.

Improve items. We made the first EMI (Existing Member Identification) Card and we made Flexisaver in 2012.

Improve in Process. We decreased the endorsement time for Durable and Lifestyle Financing from our own benchmarked time of 15 minutes to 5 seconds level by 2011.

Develop in conveyance. Over the most recent two years we’ve conveyed joy to buyers and accomplices through our Customer Portal and Galaxie, our component stacked computerized applications.

Continuously year of this decade and we had just crossed 2,000 Crore achievement in Shareholders’ Funds. Our Assets Under Management are as of now past Rs. 10,000 Crore. Our PBT for FY 2012 was Rs. 602 Crore.

In FY 2013-14, we set to break the Rs .20,000 Crore mark for our Assets Under Management.

Our underlying foundations instruct us to be delicate to manageability. We are cautious about developing sufficiently and we place a great deal of accentuation along these lines on administration. Bajaj Finance Limited is one of only a handful few NBFCs in the nation to be granted a rating of FAAA/Stable for Fixed Deposits, demonstrating a solid level of wellbeing with respect to convenient installment of intrigue and head on the instrument by the Credit Rating and Information Services India Limited (CRISIL). What’s more, we are likewise evaluated high (P1+ rating) for Short-Term Debt Program and AA+/Stable for Long-Term Debt Program by CRISIL and LAA+ for Long-Term Debt Program by ICRA.

Today we have a system of more than 115 branch workplaces all through the nation to back a developing arrangement of requirements of our perpetually restless clients. Did we say we had a task to carry out in their getting fretful? All things considered, the less said the better.
2014 – 2015

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The organization procured record 4.92 million clients in the financial passed by, which is 1.6 million clients more than a year ago which is a 45% development.

Purchaser sturdy business kept on having a solid indicating procured 800,000 clients in the last quarter in spite of a quieted development. World Cup drove up deals of TVs, the EMI card business added to near 45% of the 800,000 clients that we gained because of solid incitement, solid advancement and actuation crusades from the EMI card business. Computerized item financing business conveyed 87,000 clients, which is at 313% development.

Provincial business is currently starting to procure products of our speculations made in the course of the last over two years. It developed with an exceptionally solid force. In the last quarter, we dispensed near 330 Crores of new disbursals in the rustic loaning business and the business is presently moving very well.

In final quarter of this current year we cut out a different business – specialists credit out of our business advance. We are utilizing bleeding edge diagnostic instruments to pre-endorse excessively well-off or more class specialists in top 40 urban areas in India and favoring them.

We likewise propelled our riches the executives rendition 2 and propelled three stations in last quarter, which is a relationship the board station, a Tele RM/Video RM station, and autonomous monetary counsel station in organization with Bajaj Allianz General Company and with HDFC Life Company.

2015 – 2016

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Our customer strong business developed 23% and computerized items which is portable, PC and tablets, business became 84% YoY. Business is on course to convey a million records business in the following year. Individual advance strategically pitch keeps on developing we are currently taking our general examination and hazard the executives capacity in this business to totally different level to additionally lessen hazard and enlarge speed.

We propelled gold credits for urban market in Q4 in 60 markets taking the aggregate to 85 from 25 markets. The quantity of all out dynamic EMI cards is second in column to the biggest private segment bank in India at 5.5 million. In the event that we need to consider, the pending applications the number would be around 6.5 million and developing by a million records year-on-year. Sponsorship this business, we propelled a retail EMI card business where we are currently ready to offer little credits on purchaser solid beginning from Rs.5000 to Rs. 27000.

This year, we made a provincial B2B business and country B2C business and made two separate verticals in the rustic business notwithstanding the MSME business that ought to unmistakably help increase development in the rustic business. We are currently present in 397 areas with 90 branches and 307 spocs.

2016 – 2017

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Organization did a record 2.5 million advances in the last quarter, the most elevated that we have done ever. All out establishment of the organization developed at 20.13 million. The all out salary was up 38% to Rs.2, 673 crores. PAT was up at 43% to Rs.449 crores.

We presently have a decent spread across towns and towns in India. We would develop in business sectors where serious power will be lesser or edges will be better or there will be more prominent granularity to portfolio. Presently in 876 towns, urban areas and towns in India, will mean to cross the 1000 towns, urban communities and towns mark in India by March 2018.

Professional Life Care Financing, we had propelled a year back, which takes into account elective medical procedure to be financed, we presently have near 2500 emergency clinics and centers the nation over in top-30 urban communities which acknowledge our EMI card for elective medical procedures, it is currently adding to 6000-7000 records for every month. Synchrony in the US has a near a billion dollars of portfolio in medicinal services financing.

The course we are following is basically how would you carry the intensity of systems to offer similar items however in a rubbing less way to your customers. So that of more prominent significance than the items since we for all intents and purposes offer a full item suite to our customers.
2017 – 2018

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An outstanding year of amazing steps in business, client comfort and awards.

In the first place, Bajaj Finance’s AUM remained at an incredible Rs.77, 970 effectively crossing the 75000 imprint and packing the most elevated ever quarterly benefits as the year progressed. Board council of Bajaj Finance Ltd endorsed to raise Rs4,500 crore through a certified institutional position (QIP) with an intend to expand the financial specialist base in the 2 quarter of the year.

Planning to be a very much enhanced organization, Bajaj Finance Ltd got almost 11% stake in portable wallet major Mobikwik for about Rs. 225 crore procuring shares worth Rs. 271,050 through mandatory convertible inclination shares (CCPS). Bajaj Finance Ltd holds around 10.83% of Mobikwik’s value on a completely weakened premise.

Being pioneers in purchaser account, we chose to clear the computerized course towards client accommodation. We began free Bajaj Finserv Direct Limited empowering the client to execute carefully, upgrading start to finish online experience. We additionally initiated activities of Bajaj Housing Finance Limited for contract advances.

Our books reflected solid and consistent development in consumer loyalty, our Net Promoter Score (NPS) moved from 40 out of 2017 to 46 out of 2018 with upwards inclines in scores of most individual organizations. Accomplishing new statures, Bajaj Finserv’s market top crossed Rs. 1.5 trillion, making us stand tall at sixteenth situation in generally speaking business sector top positioning.

It came down honors this year! We won the Outlook Money Award 2017 in the NBFC classification as a major aspect of the distribution’s Conclave that is perceived as the single biggest Personal Finance Conclave in India. We were regarded with the Mint Corporate Strategy Award (in interview with BCG) initiating the Shaping classification, described by a beginning, capricious and flexible business condition where the pioneer impacts and builds up the standard of the game.

Where the board enthuses workforce kindly and partners develop in warm condition, we are glad to be one among the ‘Best Companies to Work For’ in India granted by the Great Places to Work Institute for the sixth time in succession. This year, Dun and Bradstreet respected excellent entertainers of India’s BFSI division and granted us as India’s Leading NBFC (Other than Infrastructure Financing).

The Masefield Way To Survive!

The purpose of explaining this poem albeit through my interpretation becomes even more vital when all hope seems lost in this raging Covid-19 pandemic.
Happy reading and remember to laugh and be merry like John Masefield had asked of us.

Laugh and be merry, remember, better the world with a song,
Better the world with a blow in the teeth of a wrong.
Laugh, for the time is brief, a thread the length of a span.
Laugh and be proud to belong to the old proud pageant of man.

The poet asks us to be cheerful and be joyous for the world is better with songs instead of sighs. The world is better with shunning the wrongs of the world. The poet asks us to laugh for the time is brief and our time is like short like a thread. The poet asks us to laugh and be proud to belong to the mystical miracle that is mankind.

Laugh and be merry: remember, in olden time.
God made Heaven and Earth for joy He took in a rhyme,
Made them, and filled them full with the strong red wine of
His mirth
The splendid joy of the stars: the joy of the earth.

The poet asks us to laugh and be happy and remember that God had made heaven and Earth to abound in joy. God as if joyous to music tried to replicate the rhyme by making mankind and filled them with red wine, symbolic of the Christian notion of life and blood. He filled mankind with his happiness, the joy of the stars and the joy of the Earth.

So we must laugh and drink from the deep blue cup of the sky,
Join the jubilant song of the great stars sweeping by,
Laugh, and battle, and work, and drink of the wine outpoured
In the dear green earth, the sign of the joy of the Lord.

So the poet says that as God as meticulously made humans with so much effort we must laugh and cherish our moments on Earth represented by drinking from the deep blue cup of the sky. We must join in the celebration and songs of the great shooting stars. We must live our lives to the fullest by being happy, battling and working our way against odds and cherish the life given to us like the red wine. The poet says that our Earth is dear for it is proof and symbol of the bountiful joy of God.

Laugh and be merry together, like brothers akin,
Guesting awhile in the rooms of a beautiful inn,
Glad till the dancing stops, and the lilt of the music ends.
Laugh till the game is played; and be you merry, my friends.

The poet repeats himself by asking us to laugh and sway with joy. We must live together in peace and harmony like brothers and like guests in the beautiful inn that is the Earth. We must be glad till the dancing stops and the music ends, which means we must never take life for granted and cherish it till it lasts and laugh joyously till the game of life draws to a close.

The harsh move of nature – tsunamis and earthquake

Do you know that the 2004 Tsunami had killed over 225 thousand people in 14 different countries? It’s so sad to hear, but that’s the reality when such a natural calamity appears in, and there’s no way to stop it unless if predicted in advance. The tsunami on the day of Christmas 2004 had a significant impact on the people, and the news media coverage correspondents were in shock. It did happen all of a sudden, with a maximum rise of water up to 100 feet.

On the other hand, the most massive scale on record for earthquakes recorded in Chile with a magnitude of 9.5. If there is any similar incident with a higher range of 11.0 ever happens, the Earth may split into two halves. Now the 2004 event was complemented with an earthquake of 9.1 magnitudes on the western coast in Sumatra, Indonesia. These bring tears to eyes when we hear the survival stories; how they manage to get out in such a situation is a courageous task.

Human abundance has increased so much, they’re building infrastructure everywhere.

Why do these incidents happen, and how does it originate? In short, the water present in the ocean is ultimately linked to the bottom of the Earth, to be precise, the mantle where the plate boundaries are also present. When there is a vigorous movement of water, this leads to magma production, continental crust formation, several mineral resources but also an earthquake.

Most of the researches was on the Ring of Fire mentioned in my earlier post. This area is in the Pacific Ocean. But, findings by the University of Bristol keep concerns on the Atlantic plate and the eastern sides of the Caribbean Sea. These will help us to know how it works and how it leads to an earthquake. Scientists gathered data from two marine cruise ships, which recorded the seismic activities on the temporary station with the necessary information of the rock samples etc.

To know the role of the water in a subduction zone (an area where tectonic plates intermixes with one plate and sinks), they did a study on the composition of Boron element and found that serpentine, a mineral rock supplies water to the central regions in the Caribbean Sea as mentioned earlier.

The aftermath of an earthquake. Who will recover the losses?

If such an incident takes place soon, are we prepared for the same? I hope it doesn’t happen, but an estimate says that almost everyone in this world has no proper disaster management plan. The problem is that people immediately panic and take wrong steps leading to their death. For example, you should know the fire exits of the premises in which you currently live. Around 50 earthquakes are happening around the world, all of them are not noticeable, but the major ones create loss to human lives and destruction of several infrastructures, historical monuments, etc.

It would be best if you always kept a list of emergency contacts in a diary or somewhere saved on your smartphones. Now the devices are much smarter; even most of the device manufacturers do include the SOS panic button so that you get help immediately. Be prepared for the worst, and stay safe.

DOOMSURFING

First of all , we need to understand what is “doomsurfing”. Doomsurfing is  a a newly discovered lexicon, which has been quite trendy  in the news articles and social media accounts during this pandemic time. Doomsurfing is basically a tendency to continuously keep scrolling or surfing through bad news, without having much control over themselves to step back/stop. Despite of showing disheartening and depressing content, user’s keep on surfing. This term was first used by someone in twitter  where it gained popularity two years back, in October 2018.

 Another term which have been gaining rounds is “Doomscrolling”. It is referred to as the overuse of screen time , in absorption of depressing news. This news was recently mentioned by Los Angeles Times in their article about how Covid-19 have given rise to new lexicons. Doom means evil, or dark. Eventually , it is referred to as someone’s fate, the kind where we’ll are headed to in our future. Surfing, on the other hand is referred to as the term used for browsing the internet. It has become so popular that Merriam Webster  have kept these two terms in their watchlist ,as they’re yet to clear the criteria. These were the most searched terms on the internet globally.

It’s human tendency to pay more attention to negative news, over positive news. You might not be the only ones who ‘ve become night–owls, there are many people like us who surf the internet for every minute detail possible about the news. We’re  making ourselves fall into deep, manmade rabbit holes, filled with coronavirus tention .This results in agitating ourselves to a extent that we loose our peace of mind, and the comfort of night-sleep. This pandemic have led a lot of people including me , to think that we’ve literally  got hold of the disease due to overthinking .We keep on scrolling because it’s human tendency to prioritize bad news .It has been successful  in creating illusion like situation.

It had been proved in the  2019 study that Doomscrolling effects may not necessarily be bad.For people who are phone addicts, social media could prove to be a great chance to overcome their weakness by communicating. While , on the other hand people who are poor at communicating by the medium of  social media platform may be in a state of stress, anxiety. The way we comprehend the information depends upon our mental state.

Over this short span of time, there has been constant stream of media  whether it is for Covid-19 ,protest over racial discrimination or talks about India’s relation with China and Nepal , the list has been never-ending. However, we can eventually get over these by bringing small changes in our lives. If we restrict ourselves and makes schedules for surfing like twice a day, our lifestyle can get back on track. After  having read the information online, we should find ways to exchange those news with our peer groups and family, in order  to get hold of their viewpoint on such issues. We should try and switch over to offline modes of entertainment like television, reading books, spending quality time with nature, etc.

Our double faces..!!

Can you believe this…on the launch day of OnePlus 8 pro, within minutes it was sold here in India. One side people are protesting over the issue of boycott of China products on the other hand we have people like “aag lagi hai basti mein hum hamari masti mein.” Just for their amateur interest…indeed ‘shaukh badi cheez hai’ Purchasing the phone and showing off just for the sake of status and as a result scamming our own country. Despite of having wars from China both on internet and physically, people are having their own swag level. People show much of patriotism online, like making hashtags trendy, hate comments towards China, posting protests towards China but in real life it doesn’t matter to them at all.

Action speaks louder than words ever heard this tagline? These kinda lines are made for such people who just to be in trend posts online but when it comes to follow…they give up! OnePlus stated that this phone has huge demand in India as its features are uptdated plus supports 5g. When it was about Carryminati, people took over the sensation at peak and together atleast for once they made Tiktok’s rating to 1. When we can make up together just for one youtuber(No hate, even I am his fan) why not for the whole nation!? When a known shopkeeper defame you then you will have conflicts with him forever then this is our nation, our India why not over this. Out of poll conducted it came out that out of 10, 4 are ready to boycott china whereas 6 still are in favour. Choice still is in our hand and its not too late working on it unless you will be leftout with no choice.

In the dispute of India and China 20 Soldiers were killed by them while their 40+ soldiers were killed by our soldiers. Such unsympathetic country China is..! Not because our soldiers were killed, that is for sure a reason but also includes the virus which is their contribution towards whole world. And other deadly virus available online are different; Tiktok, pubg, vigo video, beauty plus etc., These are viruses which are killing people slowly, acting as slow poison. They took over whole world under them and almost 70% of products here in India are China’s products.
People showing hate online over the trendy hashtags like destroying their products, protesting, using vulgar languages over internet etc., Then let me tell you nothing will help as you already purchased those products and the profit has already earned by them then this is straight forwardly your own loss. If you truly want to help then stop purchasing new products, seriously boycott this online and offline both. Don’t do this just to be in trend, this is no fun!! Protesting over boycott of China then you must follow as well, just for the sake of public praising and earning some fame over doesn’t define your petriotism. Surely youths have no patriotism towards their country, busy playing pubg…huhh! Using vulgar language then this will not affect them in the first place..who can kill animals for feeding themselves then nothing is expected from their side.

Lastly join hands towards our nation as this is feeding you, born in this country and it gave place to live, then live for this country. Everything is going in the hands of China which is doing nothing but killing through viruses both online and offline.

Truly stand towards #botcottChina..not to be in trend but show that you genuinely mean!!

DREAMCATCHER

The small circle is her life problems spins off tight,

society dispirited of what she is,

she observed the way , a life of positive ray,

A firefly came through the spin circle ,

Gave her lights and touched her soul,

glory of her life started with desire

Chasing up the firefly

in different ways in which the zazzy feathers cry

and so here dream started as an ambition to catch the firefly!

Say no to Chinese

There is a campaign for boycott of Chinese goods in the country. The Indian scenario has changed in order to break all shared ties with China, which has been supporting Pakistan-sponsored terrorism. Such an incident is being seen on social sites. India is a major center for Chinese goods, as Chinese goods are cheaper.
The trade of Chinese goods in the country is so extensive that in the first few weeks before the festival, only in Delhi, products worth 1000 crores have been sold. As a member of the WTO, India needs to import Chinese goods. The trade partnership between China and India is 4.6 lakh crores, and China is India’s largest trading partner. For this reason, India may face difficulties in ending trade partnership with China.
The process of manufacture of indigenous goods in India has become somewhat blunt. India imports 7 times more goods from China than exports. India imports 32.02 per cent of electronic, 17.01 per cent of nuclear reactors, boilers and parts, organic chemicals 9.83 per cent foliators. Agriculture and today’s important part of human mobile When we are forced to import from China, then it does not seem appropriate to stop trading with China.
Mahatma Gandhi had said that we need to be free from the use of foreign goods, but he also said that this will happen only when we make our own things. When foreign investment is also happening in Modi’s ambitious plan ‘Make in India’, then the boycott issue seems inadequate. Only we can beat China against its durability. We cannot run a boycott campaign only because of the use of Chinese skirting and firecrackers during the festive season.
India currently buys iron and steel 5.82 percent, plastics and articles 2.74 percent, photography equipment 2.09 percent, bots 2.05 percent, iron and steel articles 1.92 percent and 1.81 percent parts of vehicles other than railways from China. India imports almost all the parts of the past few years from cosmetics, defense equipment to travel facilities like rail, motor vehicles, etc., then it makes sense to talk about the import of Chinese goods. To what extent the boycott of Chinese goods can be justified when the country’s infrastructure agriculture is still with China’s equipment and fetters.
China has become a manufacturing hub for the world’s big brands, not just for India. Most of the equipment of well-known companies is manufactured from China. Due to the price of sugar products being cheap, many producers in India are currently becoming traders only and only. Actually the problem is that at the lower price that a product is made in India, it comes to the market with the tag of ‘Make in China’ at a lower price. If we talk about the economy of every country is not equal. The wheel of economy keeps spinning. If we look at it, we will know that in the 1960s and 70s, Japan had established its dominance over the world market. After this, 80s belonged to Korea. He doubled by day, progressed by night and became a market for the world.
After this, China has not only captured the whole of South Asia, and is selling its goods. Now if India is ready to respond to China with Pakistan, then it will have to evict China from its position, for this India will have to increase its production area. China’s goods are weak in the area of quality and durability, India can make a place by doing good work in this area. If we talk about long-term quality goods, then the name of Germany will come up. There is no match for German machinery yet. Although China has made a place in the world market by making cheap goods, but it is far behind in terms of quality. India should pay attention to this.
India cannot boycott Chinese goods because trade is not based on sentiments, but is dependent on cheap products and profits. In the global era, it is not possible for any country to ban the product of any other country. In the last year itself, the Modi government has signed a US $ 10 billion trade agreement with China. According to a report by Boston Consulting Group, India is dependent on China for 90 percent of the raw materials of India’s pharmaceutical industry. India cannot boycott Chinese goods because trade is not based on sentiments, but is dependent on cheap products and profits. In the global era, it is not possible for any country to ban the product of any other country. In the last year itself, the Modi government has signed a US $ 10 billion trade agreement with China. According to a report by Boston Consulting Group, India is dependent on China for 90 percent of the raw materials of India’s pharmaceutical industry.
The kind of radical nationalism that India is talking of breaking trade relations with China, China can also do it for its own benefit. India must first increase its productivity, so that China can be equaled. As long as India remains dependent on China for the basic and absolutely necessary things for the country’s system. India cannot stop the entire trade by banning the goods of Deepawali Welters, Crackers. If China wants to punish Pakistan for love, that too by shutting down trade, then it will have to develop the industry at the basic level necessary. Swadeshi has to be emphasized.

Reading and its Techniques

There are four skills usually used to master a language. Listening, Speaking, Reading, and Writing. A good reader becomes good listeners, speakers and writers. Nonetheless, the fact remains that no one skill learned alone, mostly the combination of all skills. Reading is preferred for Pleasure, examination, general information, specific knowledge, problem-solving, draw logic etc.

Types of Reading

1. Scanning

2. Skimming

3. Intensive Reading

4. Extensive Reading 

Above are the four types of readings. Usually, we call them as reading techniques.

In the age of internet and information overload what to read and what not to read is extremely crucial. Reading techniques help in dealing with such a situation. 

Detail Explanation of types of reading

Scanning

Scanning is reading with a specific purpose in mind for specific information. When one reads an entire text/ document quickly while looking for specific information, it is known as scanning. 

For examples:- Going through an entire newspaper and looking for specific news like try to get specific information about Delhi University admission, on Election- Poll etc.

Skimming

Skimming is speed reading for an overview of general information. Going through an entire newspaper quickly through the headlines is an example of skimming. Going through Data- table quickly to elicit to an overall idea of the topic on which data is presented is an example of skimming techniques of reading. Do not expect or deep comprehension of the written text after skimming. Reading only the headings of the chapter is skimming.

“A.K Pugh in his book “Silent Reading – An Introduction to its Study and Teaching suggested that since scanning is a less complex style of reading it can be introduced first. Skimming requires fluency and more practice required, it should be introduced later.”

Intensive Reading

It is a specific written piece for a specific purpose. It is going into minutest details of a particular word/phrase/line/paragraph.

For example:- 

“The woods are lovely dark & deep

But I have promises to keep

And miles to go before I sleep”

Refer: “Stopping by Woods on a Snowy Evening” by “Robert Frost”

To answer a question like,’ what is the meaning of ‘woods’ in the poem, one will adopt intensive reading techniques. This Skill is very crucial for language learners, as they pick up vocabulary focus on structure& syntax while following these techniques.

Scrivener in his book ‘Learning Teaching’ Published in 1994, described that the readers carefully and closely read a short text to gain as an understanding of as much as detail as possible.

Extensive Reading

It is a kind of general reading for general information. Generally, this technique is used for pleasure reading, like reading a novel for pleasures.

For Example:- If one is asked to read to a chapter before discussing it in class, one goes for extensive reading to get the general idea of the piece. While reading unseen passage, both extensive & intensive both is required. For dealing with specific questions intensive reading is required, but for initial reading is for the general idea of the passage.

Skimming and Scanning Together

  • Both are referred to as types of reading & other times as skills. 
  • By practising skimming & scanning, the individual learns to read and select specific information without focusing on information that is not important or meaning. 
  • Skimming involves a thorough overview of a text and implies limited activity, only retrieving information relevant to a purpose.

Intensive and Extensive Reading Together

  • It is common for both approaches to reading to be used in the same class. For example, where extensive reading is encouraged, the teacher may have the student read together or learn a specific skill such as writing an outline.
  • In the class where intensive reading is mostly used, the student may be asked to read texts of their choosing to report back on, in either an oral or written format.
  • In both approaches, it is not the nature of the skills that are of most interest but rather, results.

Merchant of Venice – a tragedy or a comedy

One of the Shakespeare’s most powerful, strange, uncomfortable plays. A play about a piece of paper with a promise, a dangerous promise, and yet its a comedy. Sometimes showcasing the relation between Jews and Christians, sometimes, comedy and tragedy, and sometimes between those who are at center and the margins. Yet, it is a play that engages with toxic materials, with the major themes of self interest, the divine quality of mercy, hatred as a cyclical phenomenon.

Though, the play begins with a comic, but not entirely lighthearted way with a group of friends – male friends. But as the play proceeds, through act two, the story turns to unfold, and it is out of the history of hatred and suspicion that the play withstands in a new way. And turns into a tragic event. In act three is a famous moment, where the speech of Shylock (one of the tragic figures of the play) is a declaration of shared humanity. This speech makes the extremely strong claim of the opposite, that we share the same being. But it is also worth remembering that the speech ends with a declaration of determination to revenge.

This is a play that says if you treat me this way, I will want to get my revenge. And I have learned that also from you, because when you are treated badly you want revenge.

This play stages rage on the part of the persecuted minority. The determination on the part of Shylock to kill his enemy.

Going all the way through the act four, we,as an audience,experience that it might turn out to be one of the tragic plays, as is clear from the trial scene, ending up with Antonio’s death. But, lastly ends up with a happily -ever- after mood. In act five, everyone marrying their loved ones, changing of lives.

Genre –

There are two ways that people tend to think about comedy, a more romantic idea and a more satiric idea. And the romance is what throws the emphasis on the reconciliation.

When the play begins, fulfilling the audience’s expectations of what a comedy might look like, we have young men bantering with each other, teasing Antonio about the fact that he is sad. We also have the introduction of marriage plot, we learn that Bassanio wants to woo Portia. Also, Portia wants to find an acceptable husband. The play also goes towards a romantic play, a myths, fairy tales, romance stories that audiences might be familiar with, like involving the casket test. Audience might have reacted with some surprise when we hear this tragic news that Antonio has defaulted, that his life is in danger.

Thus, this is a play that leaves the audiences awestruck with its continuously changing moods, starting rightly from a comic pace, to going through some tragic moments, and finally ending up with a rom-com arena. Which is why most of the playwrights often misconceptualise it and try to mould it in a way which suits their audiences the most.

Science for life

The lifestyle of the modern man is vastly different from that of the ancient man. Modern man is ensconced in the lap of luxury and comfort. Thanks to the influence of science and technology, modern man could enjoy every moment of his life. When compared to modern man, ancient man was not lucky enough. He was not accustomed to SMS, cyber cafes, fast food. Science has given every one to modern man. Blessed are the women of today because they never face any household problems today. The home appliances have alleviated the burden of modern women in their household chores. Every invention augments the power of man and the well-being of mankind. The invention of electricity has been performing wonders and a real pioneer to several inventions and discoveries. The invention of several new medicines, medical equipment, and surgical instruments have elongated the life span of people. Several diseases, which were considered as epidemics in those days, are nipped in the bud today. X-rays, LASER, ECG, EEG, and Angiogram are the real saviors of mankind. The advent of computers and the internet has brought the whole world to our drawing-room. Mobile phones and iPhones have revolutionized the art of communication. Launching rockets and the installation of satellites into the orbit have done a world of good to mankind. New and effective scientific methods are adopted in the field of agriculture also. This significant development in technology has enriched the fields like education, agriculture, defense, medicine, meteorology, space research, and so on.

At the same time, science has metamorphosed man into a machine. As a result of the influence of science, human values are gradually vanishing. For instance, people, in the thick of watching TV, forget all other things. Children are almost slaves to the computer and mobile games. Thus, their natural growth and personality development are curbed. Depending too much upon machines makes people inactive, unimaginative, and scarcely creative. Worse than all these things is the threat posed by scientific weapons. No one can forget the atomization on Hiroshima and Nagasaki. No one can shrug off the Bhopal Tragedy and the Chernobyl Tragedy as a mere accident. These are the outcome of man’s exploitation of science. Though science has given everything to mankind, it is gradually depriving man of certain values like love for fellow people, diligence, awareness about the environment, and so on. If all scientists of the world take a vow to use science only for a constructive purpose if the people of the world decide not to depend too much on scientific equipment if science contributes only to the conservation of the earth, sciences really a boon to the world.