CURRICULUM VITAE

Application For The Post of Agriculture Field Officer (Bank of Baroda)

Name : Hemant Sharma
Father’s name : Sh. Nand lal
Date of Birth : 12 January, 1985
Category : Gerenal
Language known : Hindi, English, Regional
Permanent Address : Village- Manuka & Post – Dholipal
Distt – Hanumangarh
Rajasthan – 335064
Correspondence Address : Room No.- 28, Vivekanand P.G. hostel,
RCA Campus, MPUAT, Udaipur-313001
Telephone No. : 09783449199(M), 01552-286742(R)
E-mail Address : sharmah007@gmail.com

EDUCATIONAL QUALIFICATION:
Exam. / Board/ University Subjects/ Year of Division Percentage /
Degree Specialization passing OGPA
Secondary RBSE, Ajmer General 1999 II 50.83%
Senior RBSE, Ajmer Agriculture 2001 I 62.46%
Secondary
B.Sc. Ag. RAU, Bikaner Agriculture 2005 I 6.36/10
(Hons.)
M.Sc.(Ag.) RAU, Bikaner Agriculture 2007 I 7.11/10
Economics
*Ph.D. MPUAT, Udaipur Agriculture 2008 – - -
(Ag.) Economics conti.
* Ph.D. Continue(course work completed)
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 (HEMANT SHARMA)

Place : Udaipur
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.