Container Corporation of IndiaLimited, New Delhi requires 185Assistant Supervisor, Senior Assistant& Stenographer Grade-ILast Date : 10.08.2015 (pg 26)

CONCOR

EASTERN NAVAL COMMAND

The Oriental Insurance Company Ltd.,New Delhi requires 606 Assistants.Last Date : 28.07.2015 (pg 30)

OICLJOB HIGHLIGHTS

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“If you give a man a fish, you feed himfor a day…but if you teach a man tofish, you give him food for lifetime.”Poor in a country like India, already knowhow to fish, what they need is a little cap-ital to buy a boat and a net. This inspira-tion is behind the emergence of a revolu-tionary financial model calledMicrofinance, which is meant to providemicrocredit to poor in the form of loansand insurance in order to provide them anopportunity to earn their own livelihood, inview of their inability to seek formal finan-cial assistance from the establishedfinancial institutions like banks.Success of this microcredit model notonly led to flourishing of manyMicrofinance Institutions (MFI) and its dif-ferent models, but also the entry andactive participation of many banks to cap-italize on the profit potential at the bottomof the pyramid. The competition cum col-laboration between the social investorand commercial investor has clearly cre-ated plethora of opportunities in terms ofjobs both for graduates as well profes-sionals.The sector needs personnel from variouseducational and experience backgroundsto serve in an organization at various lev-els in MFI’s such as operations, finance,human resources, internal audit, and cor-porate communications. More than anyother function, mostly the job opportuni-ties arise in the operations area, wherean individual is required to move amongthe different Self Help Groups (SHG’s),understand their finance needs, and then

disburse the amount of loan they requiredafter completing all the documentation.Microfinance institutions are transitioningfrom their status as non-governmentalorganizations to regulated financial insti-tutions in order to make their businessmodel more sustainable. The talent andsuccession issue is important. These

institutions offer new services and theyhave to increase the level of profession-alism in their organizations. Some promi-nent names in the sector are Bandhan(www.bandhanmf.com), SKSMicrofinance (www.sksindia.com),Equitas (www.equitasmf.in), UjjivanFinancial Services (www.ujjivan.com),Arth Microfinance (www.arthmicrofi-nance.com).The jobs in microfinance sector are pri-marily focused on lending credit to poorhouseholds involving primarily women sothat they can be made self reliant. Theindividuals having penchant for socialservice and rural development are highly

desired. The jobs are primarily analyticalin nature which also ask for excellentinterpersonal communication in English,Hindi and local language of the allottedlocation. Moreover, candidates arerequired to keep themselves updatedwith the changes that are taking place inthe environment they are working in,which again calls for above average intel-lectual inputs. In core operations area, an individual canstart from a position of Credit Officer andcan move upto the level of Regional man-ager or Director, Operations. The salariesat the entry level positions range from Rs10, 000 to Rs 15, 000 as credit officer,which can increase upto a salary level ofRs 45, 000 to 50, 000 in the middle man-agement and may range to Rs 80, 000 inthe senior level positions.Various career opportunities in the field ofMicrofinance are as under: Loan/Credit Officer: The job ofLoan/Credit officer is to verify andprocess loan applications and recom-mend these for approval to branch man-ager; Disburse loan and verify end-utiliza-tion of loan; Attend client group meetings,collect, and record loan recoveries,ensure proper and timely recovery ofloans, follow-up of overdues to ensureregularization, to look after account andentry through branch software and tohandle banking transactions. The qualification for this post is graduateor Higher Secondary; (Age 18 to 30years); Fluency in local language is

CAREER OPPORTUNITIES IN MICROFINANCE SECTOR

VOL. XL NO. 16 PAGES 56 NEW DELHI 18 - 24 JULY 2015 ` 8.00

SMART CITIES TRANSFORMING URBAN INDIADr. Ranjeet Mehta

S mart cities are a hot topic and a com-monly used buzzword today. This

concept primarily involves combination ofhuman capital and technology to create asustainable environment. Such citieswork towards improving sustainable eco-nomic development, infrastructure andalso create a higher quality of life for thecitizens as they contribute to this process.With increasing urbanization, India'surban population is expected to increaseto 600 million people by the year 2031.This number is almost twice the urbanpopulation in 2001. Almost 50% percentof the total population will live in urbanareas. According to a recent report onIndian urban infrastructure and servicesby a high-powered expert committee setby the Indian government, the urbanshare of the GDP is expected to rise to75% in the year 2030 from around 62-63percent in the year 2009-2010. It is for thisreason that cities are referred to as the"engines of economic growth". It isessential to ensure that they function asefficient engines as these are critical toour economic development. This trend ofurbanization that is seen in India over thelast few decades will continue for somemore time.The working population in the year 2035will constitute about 69% of the total pop-ulation. Urban areas will be critical to theeconomic growth of the country and theywill require a massive overhaul to accom-modate the future population. To cater tothis increasing urban population, in the

future, cities need to plan and provide asuitable environment for future invest-ments, create new jobs and livelihoods,build reliable public infrastructure, pro-vide social services with ample access toaffordable housing and most importantly

support efficient use of resources for asustainable quality of life. This dramaticgrowth also provides impetus for the cre-ation of smart cities which leverage infor-mation and communications technology(ICT) to greatly improve the productivity,lifestyle and the prosperity of our people.Additionally, green growth strategies canbuild environmentally sustainable cities.

On June 25th this year the PrimeMinister, Mt Narendra Modi, launchedthree major urban development initia-tives: AMRUT (Atal Mission forRejuvenation and Urban Transformation);Smart Cities Mission; and Housing for All

(Urban), at Vigyan Bhawan in New Delhiunveiling the roadmap for developing 100smart cities and 500 AMRUT cities overthe next five years and 20 million housesfor urban poor by 2022.The Prime Minister explained that for thefirst time in India, a challenge was beingfloated, in which the citizens of urbanIndia could contribute in the formulation

of development visions of their cities.Those cities which were able to competi-tively meet the required parameterswould be developed as smart cities.Hence, the Prime Minister said, this com-petitive mechanism would end the top-down approach, and lead to people-cen-tric urban development. He gave a simplevision of a smart city, as one which was astep or two ahead of people's aspirations.Technology, transportation, energy effi-ciency, walk-to-work, cycling etc weresome elements mentioned by Mr Modi.A smart city uses digital technologies orinformation and communication technolo-gies (ICT) to enhance quality and per-formance of urban services, to reducecosts and resource consumption, and toengage more effectively and actively withits citizens. Sectors that have been devel-oping smart city technology include man-agement government services, transportand traffic management, energy, healthcare, water and waste management.Smart city applications are developedwith the goal of improving the manage-ment of urban flows and allowing for realtime responses to challenges. A smartcity may, therefore, be more prepared torespond to challenges than one with asimple 'transactional' relationship with itscitizens. Major technological, economicand environmental changes have gener-ated interest in smart cities, including cli-mate change, economic restructuring,

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Toilets In All SchoolsFor Informative articles on current affairsyou can also visit :www.facebook.com/yojanaJournalwww.facebook.com/publicationsdivision

Continued on page 56

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Turn over the pages for other vacanciesin Banks, Armed Forces, Railways, PSUsand other Govt. Deptts

Eastern Naval Command, Visakhapatnamrequires 219 Superintendent and Store KeeperLast Date : 31.08.2015 (pg 34)

Gun and Shell Factory, Cossipore,Kolkata requires 190 Machinist, Fitter,Electronic Fitter, Electrician etc.Last Date : 21 days from thedate of publication (pg 51)

GUN & SHELL FACTORY

Richa Mitra

56 www.employmentnews.gov.in Employment News 18 - 24 July 2015

DELHI POSTAL REGD. NO. DL-SW-1/4101/2015-17U(C)-108/2015-17 Licensed to Post without prepayment RNI 28728/76 N.D.P.S.O. New Delhi 17/18.7.2015 Date of Publishing : 20.07.2015 (` 8.00)

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Prime Minister Narendra Modi has called for reform of the UN in a time boundmanner. Speaking at the plenary session of the BRICS leaders at Ufa in Russia,he said development and climate change are important issues before the worldin which UN has to play a crucial role. He called upon the countries to cometogether to fight the menace of terrorism in BRICS countries. He proposed for set-ting up of BRICS Agriculture Research Centre and suggested setting up of aforum to connect local governments of the member countries to learn from expe-rience of each other. India and Pakistan have decided to revive the stalled dialogue process and findways to expedite trial of the Mumbai attack case. Prime Ministers Narendra Modiand Nawaz Sharif, in their first bilateral talks in over an year, met for nearly onehour in Ufa, Russia on the sidelines of the Shanghai Cooperation Organisation(SCO) summit and agreed to cooperate to eliminate terrorism from South Asia.Both the leaders discussed entire gamut of issues between the two countries.BRICS countries have denounced unilateral military interventions as well asimposing economic sanctions that violate international law. In a declarationadopted at Ufa, Russia, the leaders of Brazil, Russia, India, China and SouthAfrica emphasized the unique importance of the indivisible nature of security. TheDeclaration said no State should strengthen its security at the expense of others.India and Kazakhstan have signed five agreements on Defence and Military,Cultural and Sports, Railways, Transfer of Sentenced Persons and supply ofUranium to India. The agreements were signed in Astana after delegation leveltalks between Prime Minister Narendra Modi and his counterpart KazakhPresident Nur Sultan Nazar. India and United States have signed inter-governmental agreement to implementthe Foreign Account Tax Compliance Act. The agreement will promote trans-parency on tax matters and curb offshore tax evasion by exchange of informationbetween the two countries.Railway has introduced three passenger amenity projects. These are NextGeneration e-Ticketing, Hindi Website, Paperless Unreserved Ticketing throughMobile Phones for Mumbai suburban and Destination Alert Service in Rajdhaniand Duronto through SMS.Ministry for Development of North Eastern Region (DoNER), has announced theintroduction of the country's first-ever recognized Post Graduation Masters'degree course in Northeast studies in Jamia Millia Islamia University. This willbring mainstream India closer to Northeast.Union Ministry of Skill Development and Entrepreneurship and Ministry ofChemicals and Fertilizers have signed MoUs to address the Industry’s need ofSkilled Manpower. These MoUs will enhance strategic tie between both parties toscale up skill development and entrepreneurship initiatives in the country.

NEWS DIGESTrequired. The candidate should be ateam player, willing to work for the poorand for society; The candidate mustknow basic computer skills; should haveConfidence, communication skills, per-suasiveness, and should be assertive.Branch ManagerThe job of branch manager is to overseeall field operation activities in a Unitincluding recruitment of personnel, set-ting up of the branches, making andimplementing short term plans, meetingthe business plan targets, resolvingissues at the field, running the branchwith strict discipline and in an effectivemannerThe candidate should have Graduate/Postgraduate Degree in SocialScience/Management. preferable qualifi-cation Specific experience of working inMFI ( at least 4 years preferable) Thecandidate should have Ability to lead ateam. He should be energetic, enthusias-tic and sales-driven.Area ManagerThe Area Manager is responsible for allthe branch operations within his areas.He would have at least 8 to 10 brancheswithin his area with Branch Managersreporting to him. He/she is responsible to ensure overallbranch performance and profitability andreports to the Regional Manager.The candidate should possess graduate/

Postgraduate Degree in SocialScience/Management preferableSpecificexperience of working in MFI is required(at least 6 years experience is prefer-able).Regional ManagerThe Regional Branch Manager is respon-sible for all branch operations within hisregion. He would have at least 20 to 30branches within his region with AreaManagers / Branch Managers reportingto him. He should have postgraduate Degree inSocial Science/Management preferablequalification is MBA. The incumbentshould possess experience of working inMFI ( at least 8-10 years preferable ) andability to lead a large team.A career in Microfinance sector ensuresthe psychological satisfaction of servingthe poor strata of society by making themeconomically independent. Moreover, italso promises the financial support andgrowth to you as a professional, therebyproving itself as a good career option. (The author is Assistant Professor,JIMS Jaipur)E-mail: richamitra@gmail.com

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ecommerce and entertainment.Smart cities can be broadly classifiedinto three types:(1) New cities,(2) Retrofitting existing cities with smart

technologies, and(3) Purpose-driven cities. New cities inte-

grate ICT in all aspects to attract citi-zens and businesses by providing qual-ity services.

Retrofitting existing cities into smart cities isa step-by-step intervention to integrate newprocesses into the older systems to achievethe overall objective of creating a smart city.Purpose driven cities could be industry cen-tric, built around science towns or other coreactivities. The scale of each of these type ofcities could greatly vary. However, all thesmart cities broadly consist of ICT integrat-ed projects implemented that cater to com-ponents: like Energy, Transportation, SmartBuildings, Governance and SocialInfrastructureICT (information and communication tech-nology) forms the fundamental support sys-tem for smart cities and it is integratedacross different sectors to achieve trans-parency and efficiency in processes. It canbe used to improve power use and distribu-tion, ensure 24/7 water supply, improve effi-ciency in mobility through intelligent trans-portation and traffic management, enhanceautomated surveillance and security sys-tems and enable Wi-Fi powered openspaces and houses for business. It can alsoimprove the efficient use of scarceresources and allow real-time tracking ofavailable services. It has the potential toprovide quick response in emergencies aswell. The scope of integrating ICT is unlimit-ed and it is largely dependent on availabilityof funds and the set goals and objectives fordifferent cities.

Smart cities take measures to plan for futuregenerations while protecting the naturalenvironment and resources to reduce theoverall carbon footprint. Some of the majoragendas can include:

Use of Renewable Resources: Smarturban environments require renewablesources of power to reduce dependen-cy on coal for energy generation.Promoting mixed-use developmentsand encouraging walkability: Smartcities include walkable communitieswhere most major trips could be com-pleted within a short distance throughwalking, cycling or public transportationwith reduced trip transfers.Reduction in wastage ofresources: Through the useof ICT, smart cities focus onreducing wastage ofresources such as water,electricity, etc. by identify-ing and isolating the source

Efficient energy management iscrucial to a smart city due to its largedependence on power. Smart metering,cloud computing and wireless connectedsensors are some of the technologiesthat have been adopted for energy man-agement. Smart meters allow two-way mon-itoring from both the utility providers as wellas the end-user to monitor consumption,peak hour loads, etc.These systems provide necessary informa-tion to the citizens to help better managetheir plan tariffs.Additionally, smart cities also use 'smartgrids,' which are power grids that are inte-grated with controls, automation and newtechnologies to allow efficient transmissionof power, quicker restoration of power onoutages or other incidences, reduce overalloperation and management costs and inte-grate renewable energy systems. In addi-tion to this, they give financial incentivesfor the consumers to shift the electrical

demand during off-peak hours. Overall,smart grids offer opportunities to save ener-gy while reducing dependency on fossilfuels.Smart cities provide seamless integratedpublic transportation networks across multi-ple modes including rail, metro, bus andnon-motorized transportation (walking andcycling). Ideally, ICT is integrated with thetransport networks to allow real time track-ing and increase citizen access to informa-tion on transportation. Guided parking andvolume-based traffic control systems aid inaddressing traffic challenges and improvemobility.

India has 50 cities with more than amillion people. Job creation needs

new cities because it will replacethe current short-term thinking oftaking people to jobs with a moresustainable solution of takingjobs to people. There will be

strong regional disparities in thenext 20 years; five states in the

South and West of India (Gujarat,Maharashtra, Tamil Nadu, Karnataka andAndhra Pradesh) will see 50% of the coun-try's GDP growth but only 5% of populationgrowth. We must define urbanisation care-fully; it is not about relocating more peopleinto the larger cities nor is it about well-planned economic wastelands likeChandigarh. We have seen emergence ofsmall pockets of economic success in areaslike Gurgaon near Delhi, Gachibowli nearHyderabad, Magarpatta near Pune,Whitefield in Bangalore and Mohali nearChandigarh, but these are from far beingidentified as smart cities.Industrial corridors between India's big met-ropolitans like the Delhi-Mumbai IndustrialCorridor, the Chennai-Bangalore IndustrialCorridor and the Bangalore-MumbaiEconomic Corridor seem a positive move. Itis hoped that many industrial and commer-cial centres will be recreated as 'smart

cities' along these belts. The Delhi-MumbaiIndustrial Corridor (DMIC), which is spreadacross six states, seeks to create sevennew smart cities as the nodes of the corridorin its first phase. The very idea of smartcities is based on the assumption that thereare technocratic solutions for the routineproblems that citizen face. Problems of inef-ficiency that are seen to dominate the oldbureaucratic-political order are hence givena 'smart' solution by employing 'Big Data'.Another positive impact of the 'Smart Cities'is job creation, which will be, needless tosay, 'Smart'. While it is difficult to give anestimate of jobs that will be generated andthe reduction in labour migration, one canconfidently say that even if work begins on10-15 smart cities over the next one year,we would have created a favourableecosystem for many thousands of jobs. Thiswill create jobs for all but may be moreinclined towards white-collar jobs as IT pro-fessionals will be in greater demand; ITinfrastructure being the backbone of anysmart city. Data analytics, programming,high-end consulting, system and networkintegration will be the order of the day andprofessionals and students in this area canexpect better opportunities. It is a great timeand opportunity for the 'Internet of Things',as they call it. With a burgeoning urban pop-ulation, there is an immediate need for cre-ation of infrastructure facilities to satisfy theincreasing urbane aspirations of our popu-lace and smart cities seem to be the solu-tion. While the focus seems to have shiftedtowards smart cities and urbanisation, caremust be taken so as to ensure the large per-centage of population that relies onunskilled jobs and agriculture are not leftbehind.

(Dr Ranjeet Mehta is Director, PHDChamber of Commerce and Industry,New Delhi)Email-ranjeetmehta@phdcci.in

SMART CITIES ...Continued from page 1

CAREER OPPORTUNITIES ...Continued from page 1