Hemant Sharma

CURRICULUM VITAE Application For The Post of Agriculture Field Officer (Bank of Baroda) Name Father’s name Date of Birth Category Language known Permanent Address

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Correspondence Address

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Telephone No. E-mail Address

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Hemant Sharma Sh. Nand lal 12 January, 1985 Gerenal Hindi, English, Regional Village- Manuka & Post – Dholipal Distt – Hanumangarh Rajasthan – 335064 Room No.- 28, Vivekanand P.G. hostel, RCA Campus, MPUAT, Udaipur-313001 09783449199(M), 01552-286742(R) [email protected]

EDUCATIONAL QUALIFICATION: Exam. / Degree Secondary Senior Secondary B.Sc. Ag. (Hons.) M.Sc.(Ag.)

Board/ University

Year of passing 1999 2001

Division

RBSE, Ajmer RBSE, Ajmer

Subjects/ Specialization General Agriculture

II I

Percentage / OGPA 50.83% 62.46%

RAU, Bikaner

Agriculture

2005

I

6.36/10

Agriculture Economics *Ph.D. MPUAT, Udaipur Agriculture (Ag.) Economics * Ph.D. Continue(course work completed)

2007

I

7.11/10

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RAU, Bikaner

2008 – conti.

POST GRADUAT RESEARCH WORK: “An economic analysis of production and resource use efficiency in cotton in Hanumangarh district.” under the guidance of Dr. I.P.Singh (Head of dept. of Ag.Economics in COA, RAU, Bikaner). EXTRA CURRICULAR ACTIVITIES: • •

Rawe (Rural Agricultural Work Experience) programme for 6 months in 2005during B.Sc.Ag.(Hons.) Scout (Pravin certificate) • Basic computer courses

Date : 30/09/2009 Place : Udaipur

(HEMANT SHARMA)

A Recession is a construction phase of the business cycle. The NBER defines an economic recession as: "a significant decline in [the] economic activity lasting more than a few months, normally visible in real GDP growth, real personal income, employment, industrial production, and wholesale-retail sales. What causes Recession? . An economy typically expands for 6-10 years and tends to go into a recession for about six months to 2 years. A recession normally takes place when consumers lose confidence in the growth of the economy and spend less. This leads to a decreased demand for goods and services, which in turn leads to a decrease in production, lay-offs and a sharp rise in unemployment. Investors spend less as they fear stocks values will fall and thus stock markets fall on negative sentiment. The world economy grows 2% in 2007 Powered by growth in china (11%) India (9%) and russia (8%). -The BRIC countries had been posting 7-10% grow rates for years property & stocks market booms . Investment was bringing economic development. Developing & less developed economies depend on the developed countries for their economic wellbeing. What a difference a year makes The Global economy has been hit by a rapid one-two punch that set the stage for stagflation to make a came back. It started with the sub prime crisis in US USA is consumption based economy 2/3rd economic activity i.e. GDP- comes from consumers Credit- free following for U.S. consumer  Credit card loans for personal consumption

 Auto loan for purchase of cars  Home loan for purchase of houses Result – Overconsumtion extravagant spending by the consumer Thus for years prices of home in us kept rising. Felt a need to preserve capital, therefore Started tighting credit, Started restricting lending to the U.S. consumer and businessman Since then – loan became difficult to come by banks, bank cut credit card limits. U.S. consumers significantly reduce spending. -Reduced spending means – Reduced activity for most business and consumer. -Business started to layoff workers (firing people as there was no work) - Because of layoff Unemployment started to rise which resulted in further reduction in spending by consumer. All the slowed down the growth of economy G.D.P. growth rate fall to 2% All this put together has driven the U.S. economy in recession In Feb. -63000 jobs were lost In Sept- - 159000 jobs were lost the 5 year U.S. record U.S. Unemployment 10-9 % the Truth

A slow down in export growth also has other implication for the economy.” Close to 50% of India’s exports textile, garments, games, and jewellary, leathers and so on, originate from the labour intensive small and medium enterprises IT & real sectors IT industries, financial sectors, real estate owners, car industries, investment banking and other industries as well are confronting heavy loss due to the fall down of global economy. Inflation & psychology impact of the U.S. crisis

Benefits are missing as companies look to cut cost. India’s exports growth is also slowing down. One of the casualties this time are real estate, where building projects are held done all over the country and in this tight liquidity situation developers find it difficult to raise finance. Industrial sectors Government and other private companies are reluctant in starting new ventures and starting new projects. Projects that as halfway to completion, or companies that stuck with cash flow issue on business that are yet to reach break even, will run out of cash. Car, Bike, & truck sales downs Steel plants also cutting products. Hospitality & airlines are hit by poor demanded the textile, garments & handicraft industry are worse effected, To gather , they are going to layer four millions jobs by April 2009. According to the FIEO survey. Banking Sector Indian bank are facing through a tough time of liquidity crunch, Lehman brother had invested a great amount in the stocks of Indian bank that have invested in derivatives. Falling down of Lehman had a great impact on the leading international bank, ICIVI bank, a bank that had invested in Lehman banks t, this meltdown even have covered the Axis bank but not to a great extent. With all this, the Indian sectors swung violently downward, mainly because of the foreign companies pulling out credit o meets high inflations. Central banks have worked to improve liquidity but are charging higher credits. The interest rates have drastically increased from 11.5% to nearly about 16%. Indian companies have major outsourcing deals from the U.S. India’s exports to the U.S. have also grown substantially over the years Indian companies with big tickets deals in the U.S. are seang their profit margin shrinking. Most people have sold the shares

Foreign investors have pulled out from stock market. Stock broking houses are laying off people People have started saving money

More people have sold the shares in this Indian share market than they bought in the recent weeks. This has added to the fall of sansex to lower points.

This will mean drawing down the dollar reserved which is important at this hours. In the IT sectors, there should be correction in salary offering rather than job cutting. Public should spend wisely and save money. Taxes including excise duty and customs duty should be reduced to lighten the adverse effect of economic crunch on various industries.