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My Vision
2008-02-11 00:53:00
Was Rome and Taj Mahal built in day? If not, then how can India be? But every day counts in the building a nation….. so is every man.I can understand today how easy it is to reconstruct India. Every face counts…and every Indian.My five point to make an India developed nation:1) Educate the society 2) Educate the agriculturist to adapt some non-conventional crops 3) Educate the people to fight against corruption 4) Educate the people about the importance of Education 5) Know their rights/works/responsibility towards the society 6) Use of RTI act etc...


Focus on Primary concern to make Developed India by 2020
2008-02-11 00:46:00
The primary concern is the person who grows crop should be educated I think so. From the past, what people thought is agriculture means no education is required. That’s why today people in rural area are facing so many problems because they have been cheated by some of our rich people who give them money on high interest to invest in their agriculture. Today Father who grows crop does not want his son or daughter to become an agriculturist as example for me, my grandfather do it for long time and my father get a job in India n railway and now I m working with software industry in Delhi and now my father never thought I will be back some time after, to give some betterment for my society. Why? Because of money no not at all only what they think my future generation will not get any better
Read more: Focus , Primary

New to Mutual Funds? Tips for a beginner
2008-02-06 03:52:00
First time investors in Mutual Funds act in the face of imperfect information and often get overwhelmed by uncertainties characterizing the investment situation. But there’s more to Mutual Fund investing than market timing.First things first..The first thing an aspiring unit holder must do is to establish what type of portfolio he wants to build. In other words, to decide the right asset allocation. Asset allocation is a method that determines how you invest your money in different investments with the proper mix of various asset classes. Remember, the type or class of security you own i.e. equity, debt or money market, is much more important than the particular security itself.The popular thumb rule for asset allocation says that whatever the investor’s age, he should keep that percen
Read more: Mutual Funds

Understanding Mutual Funds in Five Minutes
2008-02-06 03:52:00
Everybody talks about mutual funds, but what exactly are they? Are they like shares in a company, or are they like bonds and fixed deposits? Will I lose all my money in funds or will I become an overnight millionaire? Big questions that get answered in just five minutes. Read on.What is a mutual fund?A mutual fund is a pool of money that is invested according to a common investment objective by an asset management company (AMC). The AMC offers to invest the money of hundreds of investors according to a certain objective - to keep money liquid or give a regular income or grow the money long term. Investors buy a scheme if it fits in with their investment goals, like getting a regular income now or letting the money accumulate over the long term. Investors pay a small fraction of their total
Read more: Mutual , Funds , Understanding

Demystifying NAV myths
2008-02-06 03:51:00
The NAV of a mutual fund has not been correctly understood by a large section of the investing community.This is quite evident from the fact that Mutual Funds had been recently collecting huge corpus in their New Fund Offers or NFOs, whereas the collections in the existing schemes were negligible. In fact, investors sold their existing investments and invested in NFOs. This switch makes no sense, unless the new fund has something different and better to offer.Misconception about NAVThis situation arises from the perception that a fund at Rs 10 is cheaper than say Rs 15 or Rs 100. However, this perception is totally wrong and investors would be much better off once they appreciate this fact. Two funds with same portfolio are same, no matter what their NAV is. NAV is immaterial.Why people ca


7 good reasons to invest in SIPs
2008-02-06 03:51:00
Fact No. 1: Over a long term horizon, equity invest ments have given returns which far exceed those from the debt based instruments. They are probably the only investment option, which can build large wealth. Fact No. 2: In short term, equities exhibit very sharp volatilities, which many of us find difficult to stomach. Fact No. 3: Equities carry lot of risk even to the extent of loosing ones entire corpus. Fact No. 4: Investment in equities require one to be in constant touch with the market. Fact No. 5: Equity investment requires a lot of research. Fact No. 6: Buying good scrips require one to invest fairly large amounts.Systematic Investing in a Mutual Fund is the answer to preventing the pitfalls of equity investment and still enjoying the high returns. And it makes all the more sense t


Is it time to say Goodbye to your fund?
2008-02-06 03:49:00
Many investors are still to fully understand the concept of a mutual fund. They continue to treat it similar to investing in shares. Therefore, they tend to buy mutual funds for wrong reasons - low NAV of a fund; dividend announced by a MF; New Fund Offer etc.The same misconception is seen in selling too. One of the most common instances of selling a mutual fund has been to invest in a New Fund Offer. This is under the false impression that a fund at Rs.10/- is cheap and an excellent opportunity to invest. Many investors have been misled by distributors into this kind of switching. (Also read - Invest wisely and get rich with equity MFs)Further, the profit booking strategy for stocks may not strictly be applicable to mutual funds. It is the job of the fund manager to keep buying under-valu
Read more: Goodbye

10 must-reads in an MF offer document
2008-02-05 06:01:00
You would have come across this line in all Mutual Fund advertisements, “Mutual Fund investments are subject to market risks. Please read the offer document carefully before investing.” It’s an open secret that this 80 to 100 page bulky document is not simple to read and the legal information it contains is not easy to understand for most investors. However, Sebi has made the investor’s job easier by evolving an abridged form, the Key Information Memorandum. Also, Sebi has served the cause of investors by stipulating standard sections and standard disclosures in all Offer Documents. Hence, the Offer Document can be the friend and guide of an enlightened investor. Here is a guide to what an Offer Document is, why it is important and what are the 10 Most Important Th


New Fund Offer: Things to note before you invest
2008-02-05 06:00:00
Most of us like to try out new things whether its dining at restaurants, buying mobile phones and cars to name a few. Some go to the extent of changing mobile phones every 1 year and a car every 3 years. Well this is a matter of personal preference and lifestyle and might give you some kind of emotional happiness which is good in some sense.But when it comes to most new funds, there is hardly anything different, unique or really NEW about it. It's just that the name gets more exotic, dressing gets much better or a new marketing ploy such as Invest in India's Growth potential as if other options available are not invest ing in India's growth potential. (Also read - Have a Dravid and a Dhoni in your portfolio)To put it simply most of the new fund offers are Old Wine in a New Bottle. They are
Read more: Offer

Growth or Dividend - How to make the right choice?
2008-02-05 05:59:00
Mutual Funds offer three options: * Dividend * Dividend Reinvestment and * Growth Which is the best and why?In my experience as a financial and investment planner, I have largely found that investors tend to give a lot of time and importance to the process of selecting a mutual fund. However, once a particular fund is chosen, choosing an investment option is done on an almost arbitrary basis. Some like the idea of receiving periodic Dividend, some like recurring investments and hence choose the Dividend Reinvestment option and others choose Growth. And some even leave the entire exercise to the discretion of the agent or distributor.However, choosing the correct option is perhaps as important to the health of the investment as choosing the particular mutual fund is. What are the vario


Deal Digest: Jaguar deal tells success story of Indian management
2008-01-30 05:57:00
Tatas finally got the expected result in their chase for the two marquee automobile brands, Land Rover and Jaguar . The bid itself reaffirmed what has been written earlier, Indian managements have become increasingly confident of their own skills.While Tatas were successful in this bid, their efforts in buying Orient Express Hotels were rebuffed with incumbent owners raising issues about being owned by an Indian company. It seems global perception hasn’t really caught up with what the Indian managements think of themselves.In fact, the biggest developing investment theme about India and Indian companies is this, ‘The India management story ’. Translated this means, bet on Indian companies simply for superior management skills. Brokerages and funds love investment themes. There have bee
Read more: Digest , tells

RBI says real GDP growth moderated to 8.9% from 10.2%
2008-01-30 05:54:00
The Reserve Bank on Monday said real GDP growth moderated to 8.9 per cent in Q2 of FY'08 as against 10.2 per cent in the year-ago period. Real GDP growth during the first-half of 2007-08 was estimated at 9.1 per cent as compared with 9.9 per cent in the year-ago period, the apex bank said in its Macroeconomic and Monetary Developments Review released here. While agriculture and allied activities clocked a higher growth during H1 FY 08 over the corresponding period of the previous year, the growth in industrial and services sectors was somewhat lower than in the previous year, the BRI noted. On agriculture, the RBI said the sowing of kharif crops improved during 2007-08 on account of satisfactory rainfall during the wouth-west monsoon and remunerative market prices. The reported


Economy to grow at 8.5% despite inflation worries
2008-01-30 05:51:00
The Reserve Bank of India (RBI) expects the economy to grow at 8.5% this year despite expressing concerns on inflation. Next year too, the tempo is expected to be maintained, despite concerns over global slowdown. In the quarterly review of the monetary policy released on Tuesday, the central bank said, “The projection of overall real GDP growth in 2007-08 is maintained at around 8.5% for policy purposes, assuming no further escalation in international crude prices and barring domestic or external shocks.” This could mean that if global crude prices rise further, then the 8.5% growth may slip. Responding to a query at the media conference, post-release, RBI governor YV Reddy said, “In FY09, expectations are that we will continue to grow at the same magnitude as this year despite a g


India not stealing western jobs
2008-01-30 05:48:00
Countering the rancour in the West against outsourcing of jobs, the chairman of IT major Wipro has said India was not stealing their jobs and its businesses were moving into developed countries which did not have enough skilled graduates to compete in the global economy."What is of concern is how serious a shortage of technical talent is building up in the western world. Global companies are going to where not enough young boys and girls are getting into math, science and engineering. That trend is not being reversed," Wipro chairman Azim Premji said.Premji said that as Wipro expands into other countries, it often has to hire graduates from other disciplines and then send them to its campus in Bangalore to be trained in software engineering and other technical skills.Premji said the talent


'Sir Sachin' if Brown has his way
2008-01-20 23:36:00
Can Sachin Tendulkar join the honoured ranks of Sir Don Bradman or Sir Gary Sobers? Well, British Prime Minister Gordon Brown certainly seems to think so. If he had his way, he would recommend the little master for a knighthood."I would like to see some of the great players of the modern era — like Sachin Tendulkar — proposed for honorary awards so the British nation can salute their achievements in these sports."If Brown's remarks come true, we could be looking at the first Indian sports knight. In between courting trade and investment from India and China visiting British Prime Minister Gordon Brown showed where his heart really lay — at the WACA stadium in Perth.Complimenting India on its test victory over Australia, Brown shed his normally grave countenance."I congratulate India


Incredible win at Perth
2008-01-20 23:35:00
India recorded one of their most amazing Test triumphs overseas when they beat Australia by 72 runs in the thrilling third Test to snap the champion team's record 17-match winning streak on Saturday.Set 413 to win a world record 17th Test in succession, the Australians were dismissed for 340 to allow the spirited visitors to reduce the margin to 2-1 in the four match series with one full day to spare.Not many had given the Indians any hope at the WACA, regarded as the fastest pitch in the world, but Anil Kumble and his men came out firing on all cylinders to not only pull off a sensational victory but raise hopes of levelling the series.The Indians celebrated wildly and hugged each other after RP Singh castled last man Shaun Tait, bringing an end to a dramatic Test which saw fortune fluctu
Read more: Incredible , Perth

Pak greats hail India's victory in Perth
2008-01-20 23:29:00
Pakistani cricket greats on Saturday hailed the 'character' and 'courage' shown by the India ns, who upstaged Australia in the Perth Test to bounce back from their back-to-back defeats in Melbourne and Sydney.Congratulating Anil Kumble and his boys for the historic Test win over Australia, former captains Inzamam-ul-Haq, Javed Miandad, Intikhab Alam, Rashid Latif and Moin Khan said the Indian victory was good for world cricket as it would make other teams work harder against the Australians."It is a very creditable victory because they were beaten badly in the first two Tests. Beating Australia in Perth is a big achievement and the Indian team deserves all praise. The Australians were just not able to click from day one in this Test. The Indians put the pressure on them well," Inzamam said.


Aussies knocked off their perth
2008-01-20 23:29:00
In a way, it all began at Sydney. Done in by atrocious umpiring, reeling from the three-Test ban handed out to Harbhajan Singh, Team India closed ranks.Perth - reputedly the world's fastest pitch - was supposed to be Australia's impregnable bastion, the battleground where India would be humiliated. Instead, the entire squad combined to script one of the most romantic tales in a sport replete with instances of the improbable - and posted one of India's finest victories ever.They say it's easier to steal gold from Fort Knox than to beat Australia in Perth. On Saturday, India not only stole a historic win under Aussie noses, but also rubbed them into the ground, beating the world champions by 72 runs in under four days at the WACA, the ‘home' of Australian cricket.This wasn't a mere sportin
Read more: Aussies

Decline of golden era: Australian media
2008-01-20 23:29:00
Struggling to digest the defeat India rammed down the hosts' throat in the third Test, a section of the Australian media on Sunday reacted with dented pride and hurt ego as it sought to pick holes in the visitors' emphatic win. Another section came down hard on their side and praised India’s victory.Stung after Anil Kumble and his comrades-in-arms halted the Australian juggernaut, denying them a record 17th straight Tests win, a section of the media here cried foul, blaming the defeat to India's financial clout and the game's "weak-kneed" governing body."India's stunning performance in the third Test at the WACA should be dedicated to a lot more than the 11 players out on the field," a whining report in the 'Courier Mail' said."They should share their pay cheques with their bullying offi
Read more: Decline

Incredible,India! Departed brand campaign
2008-01-20 23:28:00
The disconnect between promise and actual delivery has been the death of many brand campaigns, long before they attain maturity. The graveyard of departed brand campaigns is full of tombstones recalling how some of them started off by promising the sun, the moon and far beyond, but actually ended up being huge disappointments. The tourism ministry is trying its hand with a campaign that might end up with a similar outcome.The tourism ministry is splurging a lot of cash on marketing India as a tourism destination under the “Incredible India” campaign. The ad is running on French TV channels, being printed in Spanish newspapers, pushed under the door in Sweden as direct mailers. The ad shows an elderly and well-to-do couple, with the gentleman seemingly into his initial years of retireme
Read more: Departed

Rupee eases on concerns about equity
2008-01-20 23:27:00
The rupee slipped in early deals on Monday on concerns that losses in Asian markets should prompt overseas investors to pare holdings in local assets, amid fears of a recession in the United States, dealers said.At 9:15 am the partially convertible rupee was at 39.345/355 per dollar, slipping from the previous finish of 39.29/31. It struck a decade-high of 39.16 in November.Shares fell for a fifth successive day as global gloom prevailed with Friday's drop of 3.5 per cent taking the market's losses for the week to 8.7 per cent, its biggest weekly slide since May 2006.In 2007, foreign fund buying of a record $17.4 billion of stocks was a key driver for the rupee's rise of more than 12 percent. Foreigners sold about $1.1 billion worth of shares on Wednesday and Thursday, weighing on the loca
Read more: Rupee

Asian stocks dogged by US recession fears, JGBs rise
2008-01-20 23:27:00
Stocks in Asia resumed their decline on Monday, led by banks like Japan's Mizuho, while the dollar hovered near a 3-year low against the yen after a proposed US stimulus package did little to soothe fears the world's top economy will tip into a recession.Stock markets in Japan, South Korea and Australia nursed losses of between 1.3 and 3 per cent, dragged lower by banks and financial companies as the sector continues to suffer the worst fallout of the US subprime mortgage crisis.Demand for government bonds kept Japan's bonds firm as investors sought a safe haven in the face of deteriorating economies and slumping stocks. March 10-year futures hit a 2-year high with a 0.29 point to 138.41. The five-year yield fell 2 basis points to 0.835 per cent, the lowest since January 2006.Last week Pre
Read more: Asian

Gold falls as US measures fail to spark buying
2008-01-20 23:26:00
Gold edged lower on Monday after President George W. Bush's plan to give the U.S. economy temporary tax cuts and other measures totalling about $150 billion failed to inspire buying. Gold prices may have entered a corrective phase after surging to a record high of $914 an ounce last week, but the precious metal could be supported due to weakness in the dollar and uncertainty in financial markets as stock prices slump.As of 0257 GMT, spot gold was at $878.25/879.25 an ounce, down from $881.90/882.60 in New York on Friday. "Gold has surged to a record high in a very short period of time and now the market could be in a corrective phase," said Tatsuo Kageyama, an analyst at Kanetsu Asset Management in Tokyo. "Uncertainties are still there in the financial markets even after the U.S. economic
Read more: spark

Asian economies seen weathering possible US recession
2008-01-20 23:26:00
Asia would be able to weather any recession in the United States, analysts say, because rising trade and investment within the region make it less dependent on the U.S. economy than in the past.While a severe downturn in the United States would drag on Asian growth by eroding demand for exports, a rapidly growing middle class is fueling orders for automobiles, electronics and housing _ much of which will be supplied from Asia itself.Voracious demand for oil, iron ore and other commodities to build roads, sewage systems, and office buildings _ especially in the booming economies of China and India _ will also help sustain the region through any US slowdown."The US economy is not that important anymore,'' Hans Timmer, a World Bank economist, said in Singapore earlier this month.Excluding Jap


'Exports to halve in FY 2009'
2008-01-20 23:25:00
Merchandise, software and other services export growth will halve in fiscal 2009 due to the global slowdown led by a US recession with negative implications for employment growth, according to Goldman Sachs. While the Indian economy has sufficient internal ballast to withstand the impact of a US recession, which is being increasingly predicted, it could still lose some momentum.However, the structural growth story remains intact and opportunities to invest in one of the more dynamic economies will remain plentiful. Goldman Sachs has revised down GDP growth forecast to 7.8% from 8% for FY09 due to a larger slowdown in external demand. Export growth will halve in FY09 to 9.8% from 18.6% due to rupee appreciation and global slowdown.The key export sectors of software, textiles and apparel, ge


Oil rises to near $115 on Fed cut, Nigeria strike
2008-05-01 04:21:00
Oil futures rose to near $115 a barrel on Thursday, gaining support from an interest rate cut by the US Federal Reserve and the extension of an oil workers' strike in Nigeria . US crude for June was trading up $1.16 at $114.62 a barrel by 0700 GMT, while London Brent Crude rose $1.16 to $112.52. The gains in oil prices came as the Fed on Wednesday cut interest rates by a quarter point to 2 per cent and indicated that it expects inflation to moderate. Traders took the Fed's statement to suggest that more rate cuts are possible. Rate cuts can boost liquidity in financial markets, brighten the outlook for economic activity and energy demand, and weaken the dollar which tends to bolster commodity prices. Additional support came from striking oil workers who have shut down Exxon Mobil's producti


Essar Steel seals deal for US steel firm for $1.1 bn
2008-05-01 04:20:00
Steelmaker Essar Steel said on Thursday it planned to acquire US steel company Esmark, valuing the deal at 1.1 billion dollars, as it pushes ahead with an aggressive North American expansion drive. With the planned buy, Essar will have nearly seven million tonnes of steelmaking capacity in the United States and Canada, making it a significant North American player, the company said in a release. The proposed purchase by India's third-largest steelmaker, part of the oil- to-communications group Essar Global, is another sign of cash-flush corporate India spreading its wings worldwide. "This is one more step in realising our global steel vision of having world-class, low-cost assets, with a global footprint," Essar Global Chairman Shashi Ruia said in the statement. The deal comes after Essar,
Read more: seals

Government in future will release monthly figures on rate of inflation
2008-05-01 04:19:00
It will also release the actual prices of various commodities used in calculating the inflation rate, the Secretary in the Department of Industrial Policy and Promotion (DIPP) told reporters here today.Release of actual price data in the public domain will increase transparency and eventually correct anomalies, if any, in the price data collected by the DIPP, which is based on voluntary disclosures from trade sources, he said.He said that the Government has also decided to shift to a new index – Producer Price Index (PPI) – in future which would give a better measure of the economic trend.The PPI would capture the price movements at the producers’ level and would measure both input prices paid by the producers and the output price that they receive on produced items, he said.“It is


Government staff in India paid too much: ADB
2008-07-09 04:35:00
Many developing countries are paying higher salaries to their state employees than they can afford and stunting economic growth in the process, a study by the Asian Development Bank shows."The higher the relative governments pay rates, the lesser the economic growth attained," the study of 19 Asian, African and Latin American countries said."The high relative government pay rates cost the country
Read more: India , Government

Indian cos rank No.2 among foreign employers in Britain
2008-07-09 04:35:00
Indians have emerged as second only to Americans as foreign employers of Britons. Tata’s JLR deal has moved India into becoming the UK’s second-highest foreign employer for 2007-08; Indians were responsible for almost one-fifth of all British jobs saved and created by foreigners in the country.In the past five years, Indian employers have saved and created a total of 33,515 jobs for Britons, r
Read more: Britain

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