Due to the rapid industrialization and globalization, boundaries between work and home are blurring thereby increasing the demand for work and higher productivity. Therefore it is need of the hour to maintain a healthy working atmosphere and a balance between work and life so as to ensure harmony of personal and organizational objectives. A good work-life balance means you create synergy among various facets of life, where benefits gained from each area can enhance and strengthen the others. Work-life Balance is an emerging and new concept, where many people are aiming to integrate their work and personal lives successfully.

Here are some useful tips to help you achieve a realistic balance:

1. Set Yourself Free.Do what you love. There are many aspects of living a healthy life. Engage yourself in such activities which rejuvenate you and makes you feel lively and active. Do introspection and identify the activities that make you feel delighted and bring out the inner child out from you.

2. Schedule your Work.Follow a routine and fix time for every activity. Allot specific time slot for various productive activities to avoid minimum wastage of time and reap maximum benefits out of it.

3. Reduce family time stress.The quality time with your beloved ones should be stress free and happiest. It doesn’t mean you need to plan expensive and luxurious family trips, rather there are many ways to spend blissful, memorable moments with your family, loved ones and friends. Few ideas include going for a bike ride, sharing an interesting craft project, baking or cooking a meal, going for a hike in a local park, or taking a car ride.

4. Be Tender.If you start a new habit that soon gets pushed to the side in the onrush of regular life, understand that it’s completely normal. You haven’t failed; you’re just experiencing the same breakthrough bumps everyone else goes through. It’s not realistic to decide to take up a positive new practice and follow through on it forever. Ask yourself if the new habit is worth practicing, and if it is, get it back into your schedule. If it isn’t satisfying, try something different that will re-energize you.

5. Aim at Sustainability. If it’s not already a part of your routine life, creating an expectation that you’ll practice silence, or meditation, or journaling, or some other activity every day just isn’t realistic. Once or twice a week, or even once or twice each month, may be enough for some balance activities, at least to start with. After all, any effort is better than none.

6. Love what you do.Don’t get caught up in trendy balance activities if they don’t fit your tastes. Since cultivating our best selves is one of the reasons we seek balance, spend time doing the things you really love to do. These are, after all, the pursuits that will seriously rejuvenate you and make you feel grateful.

So if the pursuit of balance is putting you off balance, remember that while it’s a valuable pursuit (in moderation), its purpose is to minimize your stress, not add to it. Keep in mind that on any given day, something probably has to be sacrificed. Just ensure that you have kept aside time for those activities that you have procrastinated today.

Written by- – CS Nidhi Baglikar (Asst. Prof., Biyani Girls College)

Importance of Money Market:
1. Development of Trade and Industry: Money market is an important source of financing trade and industry. The money market, through discounting operations and commercial papers, finance the short-term working capital requirements of trade and industry and facilitates the development of industry and trade both national and international.
2. Development of capital market: The short-term rates of interest and the conditions that prevail in the money-market influence the long-term interest as well as the resource mobilization in capital market. Hence the development of capital market depends upon the existence of a developed money market.
3. Smooth Functioning of Commercial Banks: The money market provides the commercial banks with facilities for temporarily employing their surplus funds in easily realizable assets. The banks can get back the funds quickly, in times of need by economizing their cash balances in hand and at the same time meeting the demand for large withdrawal of their depositors.
4. Effective Central Bank control: A developed money market helps the effective functioning of a central bank. It facilitates effective implementation of the monetary policy of a central bank. The Central bank, through the money market, pumps new money into the economy in slump and siphons it off in boom.
5. Formulation of Suitable monetary policy: Conditions prevailing in a money market serve as a true indicator of the monetary state of an economy. Hence, it serves as a guide to the government in formulating and revising the monetary policy then and there depending upon the monetary conditions prevailing in the market.

Economics value added is a powerful new management tool which is considered to be important source of corporate governance. It is an alternate performance measurement technique which is used to overcome the limitation of traditional measurement criteria by correlating with shareholder’s wealth and action of a company’s manager. Various performance measurement criteria have been adopted by corporate entities, among them return on investment is considered to be an important tool for determination of profitability. The main aim of every corporate management is to maximize its shareholder’s value and value of business. From past few years EVA has emerged as a new way to measure financial performance of highly reputed corporation like Coca-Cola, AT&T, Quaker, Oats and Briggs and Stratton have set up EVA measurement system throughout their organization. Economic value added is considered to be tool for measuring corporate performance not only for evaluating performance of companies out also for determination of incentive pay. It tries to cope with the tension that exists between the need to come up with a performance measure which is correlated with shareholder’s wealth and at the same time less subject to random fluctuations in stock prices. EVA is a rupee amount rather than a ratio remaining after capital charge or cost of capital is deducted from the amount of operating profits. EVA model indicates that EVA is net result of excess of risk adjusted cost of capital employed to generate cash flows. Estimation of stock market data represented in calculating EVA does not form a part of standard accounting principles. So EVA is a way of measuring an operation’s real profitability. It holds a concern accountable for the cost of capital it used to expand and operate its business. It is better than traditional method as it encourages growth through investment in new products, management and shareholders. EVA is linked with bonus to employees, remuneration to management, and bonus share to equity shareholders.