Sunday, June 14, 2009

Two new words that i learnt on a Sunday Morning!

Virtual Pool Programme (VPP):
Instead of lay off putting surplus employees in a separate pool, paying them basic salary, provident fund and medical insurance, and at a later stage if they are still needed for a job, considering them for employment.

Circular Trading:
Purchase and sale of commodity shown on paper while they did not exist on ground. What is the gain? Involved personnel can secure commissions for the “trade.” This boosted turnover can be shown to financial institutions to take loans.

1 comment:

Kinnera Reddy said...

Brooo What are u doing.. Where did u come across these words.. Oye doesnt sound like bro..