Festivals!

It’s a very joy to all the age of people and everybody will be in joy mood.

Nowadays, festival is becoming one of the commercial businesses in India. All the shops were declaring offers to increase there business in big day, I agree, this will take place to buy cloths/goods at discounted price.

Long ago, on the day of festival in India, all the people visit their relatives/grand’s house to celebrate festivals together.

Get blessing from grandma/pa and sharing sweets or spending time together.

These days, lot of programs in television and we almost engage on it, spending full day before the television.

Also we need to take today’s young generation to temples and to attend bajan’s

We need to start to cultivate these habits to our generation otherwise they even get chance to forget relatives.

Dubai

One of the countries that were affected due to recent recession is Dubai.

Dubai government allowed to spent a lot of money to built resorts in sea. To build almost most of the civil engineers across world was appointed.

Opening of the resort was one of the biggest functions that turns other people in other countries towards this opening and spent lot of money on this to attract foreigners.

Top VIP’s across world were invested in real estate in Dubai that includes Hollywood artiest, businessman, international real estate owners and cine artiest across world.

Dubai identified some 10 years back that the oil would become dry in next 20 years so they planned to divert tourists towards their resorts so they invested lots of money in real estate.

As recession was hits almost all developed countries. The visits of tourist become lower and other skipped to do investment in resorts in Dubai.

Dubai expected that the resorts would sell out while under construction but the investment in real estate getting lesser due to recession.

Due to this, real estate companies are sending out their staff and most of the affected builders were from India, Colombo, Philippines and Thailand.

Intermediate

Will you like to buy any product? Would you like to see your project?

In this case, role of intermediate is essential one to buy/sell products.

It means, “Taking place between two extremes, or a bridge connect both sides"

In some circumstances, by paying little amount to them, we can get it done some works instead of direct presence of ours.

In finance sector to market their product these intermediates perform a vital role.

Even though advertisement is one of the good weapon to attack customers thru’ media, a customer requires a personal touch to do trade.

For instance, a company having service center in Chennai and they are serving customers around 10 million, if it’s so, they must have at least 100 staff to do service only.

To appoint 100 staff under service center in Chennai, the company needs to pay salary as huge and other benefits too. By appointing intermediates with little fee, the transaction will be completed and after service would be taken care off as per agreement between company and intermediate.

In between, intermediate would work more and more to get more fees and it’s successful to get market share.

Requirement of intermediates are based on the demand of the product in market, vice verse.

After your age of 60

What I have to tell about our life after 60 :-)

Do we feel comfortable at this age? Do we feel satisfy our life at this age?

Do we face again and again the same financial problem?

Of course, we require sufficient financial support and moral support from our family.

You will get support from your family based on your activities of now and even though if you get good support from your family, you need to depend on them for moral support if you hospitalized.

But financially, you need to start up your financial planning now. Do not worry about your past and still you had sufficient time in your hand.

One of the cheap financial planning for long term and my own is term insurance and SIP investment in mutual fund.

Just for an example:

Now you are at 25 yrs of old

You have to invest 20000INR per year, that is,

Term insurance: 8000/pa
SIP in mutual fund: 12000/pa

You will get insurance coverage around 25lakhs till your age of 60 and you have to invest 8000INR per year for next 35 years. You will get your investment amount and with slight interest, that is, after 60. So your life is covered with basic insurance.

Next, your investment amount of 12000INR/pa would be in diversify scheme in mutual fund thru’ systematic investment plan, that is, 1000 per month for next 35 years.

So you will get these two benefits by investing simply 20000INR/pa. Do not feel that 20000INR is such a big amount to invest. May be for next two years it will be difficult after that the real value of 20000INR will be lower. If it is so, what's the real value of 20000INR after 10 years from now.

Also you need to revise life cover and SIP investment in mutual fund based on your salary every 5 years.

Your investment will increase currently based on your present age and your necessitate life coverage.

Further details on this, please get in touch with your financial planner.

At last and final one, do not discontinue your investment in between.

Garbage recycling - Unbelievable

Garbage recycling - Unbelievable information

Even though it’s garbage, we can try to recycle it to keep our green earth naturally.

Day by day, we are wasting lot of used materials, which we can easily use to recycle for some other work. Without doing recycling, we are just going for new one.

You can find lots of garbage in both sides of railway tracks. Did our govt. noticed? Or did you noticed?

Visualize about railway tracks, there are more than 23000 kms of railway tracks in India, if we maintain properly, we can easily decrease our garbage by 15-20%.

We will see a simple calculation below.

It’s time for you to visualize, start now!

1547 train runs per day and more than 10000 railway stations in India.

Average 7 trains Arr/Dep in platform per second, if it is so, shops in railway station sells around 150 tea/coffee per train.

150 cups per train * 1500 trains average per day = 225000 disposal paper cups per day!

One more shocking information to you that you will get around 2500 disposal cups from a tree, it mean that, we need to cut 100 trees per day to make 250000 disposal paper cups.

Before buying paper materials, please do think that % growth of trees getting down day by day.

Suggestion from my side – Govt. can place tenders to business people to clean up the area and use for recycling.

RTGS & NEFT

Real Time Gross Settlement and National Electronic Fund Transfer

As you must aware that finance plays a vital role to scale their economic growth in all the countries. If you take any kind of trade, currency is the essence of trade and it’s not possible to find out whether the trade is resulting with profit or loss.

In India, RBI (Reserve Bank of India) is issuing and controlling the flow of currencies and they route thru’ banking channels to distribute the currencies to public. As you must aware that RBI has started their work to introduce polymer currency with denomination of 10INR soon.

Also I used to see the clearing section (cheque processing section) in banks some couple of years back that they kept on checking account holders cheque to process an account holders instruction by transferring amount from one account to other account with in bank or with other banks in locally or nationally.

It takes minimum of two days to get funds cleared for local cheque and a week for outstation cheque with collection charges paid by account holders.

As a development, RBI had come up with normal transaction and high transaction, which says below 100000INR as low value transaction and above 100000INR as high value transaction and recently there was a change in process of high transaction from 100000INR to 2500000INR.

Finally, RBI had decided to eliminate the high value transaction thru’ cheques from January 1st, 2010 and RBI promotes online transfer, that is, NEFT (National Electronic Fund Transfer) which stands for 100000INR below and RTGS (Real Time Gross Settlement) which stands for 100000 and above INR transaction thru’ online transfer by using net banking.

RTGS takes to transfer funds immediately within the cut off time and NEFT takes a day within the cut off time.

Poes Garden

It’s one of the richest places in Chennai with most of the VIP’s residential area and one of the costliest areas in middle Chennai.

I used to go to Alwarpet from my resident, which is in Nungambakkam via. Sterling road, Haddows road, Nungambakkam high road, cathedral road and TTK Road. Journey time is about 15-20 mins for me to reach office with normal traffic.

While coming back from office to home, I used to go via Poes garden and the maintenance of Poes garden was good and green.

Some of the VIP’s are residing in Poes garden are Rajinikanth (Cine artist), Jayalalitha (Ex-CM of Tamilnadu) etc.,

After loves Poes garden drive, I can manage somehow to cross Gemini Bridge and Nungambakkam high road in evening with huge traffic.

Oh god! Is there any other way to cross Cholaimedu signal? It takes minimum of 30mins (Less than a KM) to cross this area as all other vehicle moves inch by inch and pollution is very most horrible, day by day the traffic in this area getting more time and worst.

Bio-Petrol

The most expecting fuel for our next generation is Bio-petrol!

Yes!

Seeing that, this bio-petrol will available in low cost which is lesser than three times of the cost of normal petrol (currently using) and the result of bio-petrol is five times better than our normal petrol (currently using)

Imagine the usage of bio-petrol!!!

Before coming to market, there were lots of researches doing analyst to see the result of bio-petrol in different situation across world.

If the result of bio-petrol comes up with positively, there will be vast changes in machineries across all the sectors.

The usage of machineries, motors and heavy vehicles were adept with petrol that we are using presently.

As well, there are some of disadvantages if we use bio-petrol.

We need to wait till the solution comes.

Yes, am waiting!!!

Advanced debit card

Advanced debit card

At first, banks used to provide three different types of card to their account holder, that is, ATM card, Debit card and Credit card.

Days passed, banks were issued ATM cum debit card to magnetize customers.

If one have account with different banks, each bank offers card and it’s very difficult for the account holder to keep or maintain or by memorized PIN for all the cards.

In addition, banks are forced to increase the count of ATM to provide service to account holder, due to this, you can find 3-4 ATM’s in one complex.

Finally, Reserve Bank of India (RBI) advised banks not to aggressive to open new ATM’s and come up with new regulation that an account holder can withdraw money from other ATM, that is, where the account holder does not account with the bank.

With the new regulation, account holders are withdrawing their money by using other ATM’s frequently and it hit banker’s profit.

Further regulation by RBI is account holder can withdraw their money by using other bank’s ATM up to five free transactions.

Am expecting RBI may come up with facility that account holder can have account with any banks in India and a common debit card can provide and that service can offer by RBI, as it’s not necessary to memorize PIN for each and every card also all the transaction can be monitor by RBI under direct control.

Blue-ray disc

Blue-ray disc (Next generation's disc)

What is Blue-ray disc?
What is the use of Blue-ray disc?
Why we need to use Blue-ray disc?
How economic by using Blue-ray disc?
What are the advantages of Blue-ray disc?

Hey, for all the above questions have single answer and the answer is next generation’s disc! (I.e. Blue-ray Disc)

Yes, you can store your file between 25 GB and 350 GB based on type of layers in Blue-ray disc.

Start to calculate, how many films you can store in one Blue-ray disc! Wow!

In near future, we can access our system without hard disk and with lot of packages. Programmers were started to research and analysts blue-ray disc about the advantages and disadvantages.

World leading consumer electronic, media and personal computer companies like Apple, LG, Panasonic, HP, IBM, Samsung, Philips, Dell, Sharp and Sony were started to use blue-ray in their product in different types to attract their customer.

At first, due to demand of the blue-ray disc, the cost will be much higher vice versa it will be cheaper when there is no demand like current CD/DVD with 650MB.

Am expecting blue-ray product that will place in mobile and camera soon, will see our future that is very near, start to count down!

Bullet trains in India

Bullet train across all the stations in India

Bullet train recently launched in our capital city and the service of the railway dept. is prompt and quite good.

Delhi railway faced lot of problems when the railway bride was under construction.

Soon the bullet train will start to run between important stations and the remote cities near by metro will development in a big way.

Most of the people will stay in their own city, that is, which is within 300-400 kms near metro cities and they can do up and down daily for a journey period of 1 to 1 ½ hours to cover 300-400 kms.

As Indian govt. allotted maximum share to develop infrastructure and the growth of this sector will have average 20% per year.

This project will have the maximum placement in different dept., as railway requires manpower to appoint all the stations.

This project will bid by top 5 software companies to develop software, hope they started to work on this.

Export and Import

Ample growth in Export and Import business

It’s one of the least number of participants in this business when compare to other developing countries.

In recent data, only 0.01% of total population in India was participated in this business and has ample growth in next 10-15 yrs of time frame.

One needs to start in minimal transaction in domestic or international trade. By gaining these experiences, can do huge level of volume turn over per day.

As we know that our Indians were settled and working across world, by using these links, easily start their business.

There are lot of subsidiaries were announced in recent years to participate more people to do more trade in this business.

Without exporting goods from India can earn a lots by Re-export, that is, buying goods from one country and redirecting to other countries.

Movie 2012

Movie 2012

After lot of expectations the movie 2012 was nice and heart touching scenes. Multimedia guys were worked very well on how to delivery imaginations of Hollywood Director Roland Emmerich.

Audiences were eagerly watched jackson’s family escape scenes, huge tsunami, earth quakes and the huge fire balls from volcano.

Roland Emmerich did home work in all views where if world goes wrong in terms of south and north poles interchange, moving direction of earth etc.

Some of the hits which was delivered by Roland Emmerich’s are 10000BC, The day after tomorrow, The patriot, Godzilla and The Independence Day. Almost all of his movies were run successfully across world.

2012 movie is one of the good examples on how the multimedia sector is growing and plays a vital role in all sectors in near future.

Studies in aboard

Studies in aboard by Indian students

Now, I know that you started to visualize about this subject in your mind.

As per recent government data, most of the Indian students were landing in aboard for their higher studies. By studying there, students were doing part time jobs like flower shop, serving customer in restaurant and other small activities to earn income for their packet money or facing real time marketing jobs.

Why they are not doing these jobs in India? Why they are not giving hands to India’s growth?

Their parents were spending lots of money for their travel, accommodations and study fees.

As a middle family, they are taking risk, that is, availing loans from bank and sending them to aboard for studies.

In recent recession, most of the Indian students were affected due to non-availability of jobs in aboard and their government started giving preference to their citizen first.

Due to this, middle family students are struggling there for their accommodation, food and even return tickets to India.

Also we are supporting other countries for their growth thru' our students by paying lots of money to their government. Instead of losing money like this, we can spend locally and step ups in study levels that magnetize other students towards India and earn a lot.

Indian government has planned to open another 10/12 IIM in India and government needs to provide the high-class education to all the students with supports from local or international industry.

Indian government needs to allocate funds for students project and other promotional activities.

As an India, we are in right track now… we should not lose our pep!

Keep on rocking students! Jai Hind!

Book of death

Topic: Book of death

In Egyptian mythologies, mummies play an important role and most of the scenes in the Hollywood movie “The Mummy” were reflection of Egyptian mythologies.

Egyptian believes that a person can live after his death by protecting their bodies in pyramids.

Long ago, they protected some of the bodies in pyramids and after certain times, the person will live after his death by reading “book death” in which Egyptian collection of spells, charms, passwords, numbers and magical formulas.

A person needs to read the book of death before reaching the karma of the person to underworld and well known person required to read the letters, charms, password and the magical formulas.

Cat is the one of the goddess for Egyptian.

Your comments on above said subject will motivate the publisher. Please post your views below by using “comments”

Note: Above said information is drafted by publisher up to his/her knowledge. This may vary with original.

Spend holiday

Mountains are a amazing place to go for a holiday with your family or friends and the climate is cool and refreshing and the air is pure and clean as there wont’ be any pollution when compare to cities.

You must aware that a snow blanket is very useful when you are in hill station and particularly where the climate goes -2 degree C

Quality of the snow blanket will vary in different places based on the climate of the hill station.

I’m one of the luckiest people in Salem, (India) where Yercaud (A hill station) is very near, about 5 kms to foot hills of yercaud from Salem city.

You can also find more details about Yercaud in my previous post “trip to Yercaud” with some couple of photographs of mine and nowadays my visit to Yercaud is almost weekly once.

I was not able to be there in Yercaud without wearing snow blanket or jerkin as the climate was very cool.

On that day, I thought that as a human we can protect by using jerkin from the climate, then what about small animals or plants?

If snow falls regular and does not melt, the soil is kept warm than it would be if there were no covering of snow.

Do you know why?

Snow contains a lot of air and this air makes it a sort of insulating blanket for the ground and animals can survive a severe winter under the protection of a snow blanket!

Vitamins are available

Topic: Vitamins are available

Sector: Natural energy

On the subject of "Vitamins are available"

Vitamins are available here, where?

Rich vitamins are available in fruits and vegetables.

Don’t just think fruits and vegetables that we are seeing in our daily life and it’s not a rare one.

Just recall your memories that how much hours you were waiting in queue to meet doctor? And how much did you spent to buy medicines?

If it’s goes to next level of treatment, think about the hospitalized and medical or surgery expenses and the time you spent on this and your energy.

By visiting clinic, doctors were prescribed medicines for which to increase vitamins and strengths in our body unnaturally.

Instead of unnaturally, start feeds your body naturally by taking any one of the fruits or green vegetables at least two times in a day.

You must think in your mind now that while having food itself will have the vegetables, I know, instead of boiled vegetables, it’s better to have green vegetables, which gives you more than three times of vitamins.

If you check with any one of the doctors, almost 90% of them were have the habit of having at least a banana before going bed and simple warm up exercise in the morning.

Traffic Jam

Topic: Traffic Jam

Sector: Environment

On the subject of “Traffic Jam”:

It’s one of the place to test human’s temper… ha..ha.. Because it’s happens to all who are driving in roads.

Particularly in metro cities, people are facing problem in their day to day life and it is one of the situations that they are facing daily due to long journey between their house and their office.

What went before?

Long ago, these kind of pollution was not there as almost all the vehicles runs without motors and those days, they used animals like horse, buffalo, cow etc.

Wherever you see, you can find the environment was filled with greens (I.e. with tress) and the pollution also was high when comparing with present day.

Since the situation was good and environment friendly, they do not faced any traffic problems.

Current Scenario:

It’s very difficult for you to drive your vehicle without applying minimum of twenty five times break, within a kilo meter.

Since the traffic was high in peak hours/normal hours, you able to see or react due to the pollution that are coming out from vehicles.

Pollution affects directly in their human hearts and fully filled with pollution, it reduces human’s life time in earth.

Expectations:

If it’s continues like this, need to carry oxygen in our shoulders whenever we go out and it will carry a vital expenses in those days.

Fresh generations will suffer due to non availability of pure oxygen and almost all of the rich people will shift there residential to remove places from city or villages where the oxygen is available.

Those days the land value of the villages will be in top.

Your comments on above said subject will motivate the publisher. Please post your views below by using “comments”

Note: Above said information is drafted by publisher up to his/her knowledge. This may vary with original.

Ozone layer affects by computer servers

Topic: Ozone layer affects by computer servers

On the subject of Ozone layers:

Ozone layer is a layer in Earth's environment which contains fairly high absorption of ozone. This layer suck up between 92% and up to 99% of the sun's high occurrence of ultraviolet light, which is budding harmful to life on earth.

In excess of 90% of the ozone in Earth's environment is present here.

It is primarily positioned in the lower portion of the stratosphere just about 10 km to 50 km above Earth.

Importance of Ozone layers:

The ozone coating looks after the Earth from one of the dangerous components of solar energy - ultraviolet radiation. Without the ozone coating, there might be a higher numbers of skin disease and eye cataract.

The ozone coating is important to equally humans and flora (I.e. Plants, vegetables, flowers and earth)

Further, what do you think about the computer servers?

Also let me know how environment affects badly because of computer servers?

That is, servers need to keep in very cool place to increase life period or corruption of data’s.

Top server users across the world, used to keep servers in their own place and to maintain the cool almost air conditions has to work almost 24hours. As you must aware that by using air conditions the ozone layer affects badly.

It’s better to shift their server maintains to Iceland (or some other countries) as naturally the climate is very cool and air conditions are not required.

By shifting servers to cool place by top 10 server uses, almost we can save Ozone layers.

Your comments on above said subject will motivate the publisher. Please post your views below by using “comments”

Note: Above said information is drafted by publisher up to his/her knowledge. This may vary with original.

PAN in India

Topic: Permanent Account Number (PAN)

Use of PAN in India:

PAN is mandatory to file returns with Income Tax Department in India. By providing the tax returns file acknowledgement (I.e. form 16) is mandatory.

Without form 16 acknowledgement it's not possible to get any kind of loan or to buy properties thru’ any banker.

Recently, Indian government has implemented the regulation that PAN is mandatory to do any kind of investments in financial sector and banks.

Bank transaction – To remit the cash in cash counter, PAN is mandatory if not registered with their records and while opening the bank account PAN is mandatory.

Demant account – Without PAN, it’s not possible to open demant account to buy or sell shares in capital market any amount.

Mutual fund and Insurance – PAN is mandatory to do any kind of investments in Mutual fund and Insurance. (Expect Micro SIP in mutual fund, Micro SIP should not exceed investment of 50000INR per financial year and it’s mandatory to provide Identify proof and SIP self declaration)

Even though, if you are not coming in under tax bracket, just file your “Nil Tax Returns” with Income Tax Department. This acknowledgement (I.e. Form 16) might be very useful in future. I suggest once you get PAN card just submit your “Nil Tax Returns” every year.

How to apply PAN:

PAN Service centers are available across India that includes small town and some villages. They are just charging 94INR per application form in India and 744INR outside India and said charges as on as on April 1st, 2009.

To check more information just visit the site at http://www.tin-nsdl.com/ and the online services are available as given below,

• Apply New PAN card

• Reprint of PAN card

• Transaction status enquiry

• Changes or correction in PAN details

• Track/status of your PAN application

If you face any PAN related issues with National Securities Depository Ltd (NSDL) department, please do visit to submit your grievances at http://www.tin-nsdl.com/customerfeedback.asp.

Recently, I used to get the services of NSDL are not in track as one of my friends shared his own experience with NSDL, it was typical error in name or date of birth in PAN card and it will take more than three months to get the corrected PAN card or to get duplicate PAN card and in some of the cases the PAN card applier was not received their PAN card even more than six months of date of submission.

NSDL has to keep their auditing department to quality check the application form while feeding the data's and before dispatching to their PAN card holders as PAN card plays a vital role in India.

Your comments on above said subject will motivate the publisher. Please post your views below by using “comments”

Note: Above said information is drafted by publisher up to his/her knowledge. This may vary with original.

My television

Topic: My television

Sector: Electronic goods

On the subject of “My television”:

I do not know what is television? Will you believe me? You won’t believe me that I know.

Television - it’s one of the best media across the world as it shows you the live telecast (Audio and Video) you are able to see what is happening across the world by selecting channels just by sitting in your home.

Also one of the best time pass for all of us by watching movies, programs, songs, games and news.

If you are not able to write or speak some of foreign languages, you are able to understand by seeing their activities and your mind will visualized by seeing the picture.

For example, Charley and Chappines program, it was reached all the cities across world as it was one of the comedy programs with out any dialogue.

What went before?

In India, some 15-20 years back, there was a only one channel as “Doordharsan” which was famous in early 80’s and telecasting news on daily basis morning and evening.

As a Sunday special, sharp at 9.00AM, there was a program in the name of “Mahabharata” which was very famous and followed by Olium and Olium which was telecasted by Chennai based Doordharsan in Tamilnadu on Friday's.

Olium and Olium program shows the latest songs from latest movies.

Olium and Olium mean light and sound.

In these days, 2 or 3 television users were there in a street and all the people in the street were reaches their house to watch the program.

Finally, I used to see advertisements to sell remote along with television to change the channels without moving from your place. Have you watched ads like this? Recall your memory and find the company name which is starts with first alphabetic letter as O.

Current Scenario:

Is it necessary for you to teach on how to operate television or remote to change the channels?

Today you are able to see television with plasma or other advanced technologies which are inbuilt like record your movies or with advance options like pause, reply and forward.

Nowadays, you are able to download your favorite movies as per your wish and able to see 3 different channels on same screen without changing channels.

Expectations:

Inbuilt 3D views in most of the upcoming models broadband connections from your television directly with server or satellite.

In India, broadband connection service in metro cities just started from MTNL, BSNL and followed by Airtel and Reliance.

Your comments on above said subject will motivate the publisher. Please post your views below by using “comments”

Note: Above said information is drafted by publisher up to his/her knowledge. This may vary with original.

No entry load

Topic: No entry load

Sector: Finance

In India, recently, Security Exchange Board of India (SEBI) has implemented the new guidelines stating that “No entry Load” that is, no entry load for investments made by investors in Mutual funds.

Previously, there was an entry load for equity schemes as up to 2.25% for all the investor.

By charging 2.25% as entry load from the investor, mutual funds has paid commission to the broker (that includes all Individual financial advisors and national distributors) between 2%-2.25% based on the category of the broker.

As per SEBI guidelines from August 1st, 2009, mutual funds should not charge entry load from the investor and by mobilizing business from the investor, a respective broker needs to get one more cheque from them by charging up to 5% from the investor as advisors fee.

Benefits to the investor:

Since there is no entry load, investor can route their investment thru’ any of the broker without entry load charged by the mutual fund.

By routing their investment thru’ a broker, investor can avail investment advice and other services from them.

Since there is no brokerage paid to the broker by mutual fund, the only way to get commission from the investor as per SEBI guidelines is up to 5% by separate cheque from the client and that needs to be disclose in the application form.

Benefits to the broker:

Since its very difficult situation to the brokers and they need to tackle it for next couple of months and they are in force to equip their product knowledge in deep. By providing product knowledge to clients, then only they are able to retain clients under their control.

Brokers are under pressure to build their asset under management (AUM) with different mutual funds.

Steps taken by Indian government:

To cut out the wrong selling by some of the brokers in the market, SEBI setup a committee as Association of Mutual Funds in India (AMFI) and to become a broker to sell mutual fund units, broker should complete the AMFI-Advisors module which is being conducted by National Stock Exchange of India (NSE)

Indian government must aware that by implementing the regulation, they must do lots of meetings, discussion with top layers in the financial industry and lots of research, after that, they coming up with the new regulation.

Officials must have alternate solution if it’s divert to some other situation in financial market. They must aware that lot of small agents and broker firm house will affect.

As of now, the new regulation is getting success across all cities in India and brokers have gets to use of that.

Your comments on above said subject will motivate the publisher. Please post your views below by using “comments”

Note: Above said information is drafted by publisher up to his/her knowledge. This may vary with original.

Currency

Topic: Currency

Sector: Economics

On the subject of Currency:

Currency can be referring either to a particular currency, for example the INR (Indian Rupee) or to the coins and bank notes of a particular currency, which take in the physical features of national money supply.

What went before? Long ago

Before the currency world, our first generation used the barter system to get what they needed by exchanging their rice, milk or greens. (What they have in their hand)

For example, a shop owner would exchange bundles of rice that another farmer had. In this way, both the shop owner and the farmer would have all the rice and milk they needed, without any money having changed hands.

Current scenario:

The rupee is the currency of India. The issuance of the currency controlled by the RBI (Reserve Bank of India) and the symbols of the rupee are Rs, and the code is INR.

It’s a type of a paper in which the value of money being printed in different denomination.

Recently, in last month, i.e. Sep ’09, Reserve bank of India has decided to bring in polymer notes on a trail basis and the first denomination of trail notes is in 10INR and the expecting life time is five years, it seems the life time is four time better than the current paper note and it’s very difficult to fake.

To trade or buy or sell goods, without currency the trade won’t happen and it’s totally occupied in all of our routine life across the globe and different countries having their own currencies by naming dollar, dinar, euro and Riyadh.

Expectations:

I assume that there won’t be different types of currency across global and having single type of currency, may be global currency across the global and I expect the World Bank will introduce in the time frame of 10-15 years from today.

If it’s happens, an ample changes in currency system that needs to be modified across the global countries.

Your comments on above said subject will motivate the publisher. Please post your views below by using “comments”

Note: Above said information is drafted by publisher up to his/her knowledge. This may vary with original.

My Journey to Yercaud

My friend and I planned to visit to near by hill station Yercaud which is about 22 kms from Salem, India. We started our bike around 4.10PM, on the way we had cup of hot black teas with mushroom puffs.

We just entering to foothills of Yercaud and soon started mountain ride by paying 5INR in toll gate. While going from foothills, both of us read about the warning boards such as don’t drink and drive, give way, safety first speed next, a tree give thousands of match box but a match stick will destroy thousands of tress etc and riding our bike 40kms per hour.

About 4kms before destination, in normal days we used to see Hotel Sterling, our luck, we are not able to see that hotel (don’t panic) which is fully covered by mist, wow… climate was excellent and we didn’t expected.

Finally, we reached lake which is in welcoming area and we taken some snaps by using my mobile around 5.00PM then we parked our bike and our foot were going near by lake to hire a boat. We tried, but it’s not available for us because all the boats are occupied by touristic and they are enjoying riding boats on lake.

Then decided to have hill station special snacks “hot bajji” i.e. one of the oil fried snakes (varieties are available with chili, potato, onion, egg) we had chili and onion bajji and soon started to visit pokada point which is 3kms from lake.

We reached there around 5.40PM and parked our bike near by and while entering, offers from fruit shops to taste mixture of all fruits and we accepted offers and tasted fruits, 20INR per plate. (We not bought :-))

For our surprise, the mists are coming down to welcoming us and we saw others are taking snaps with their family/friends. We felt that we don’t have digital camera to takes snaps.

Soon the place (Pakoda point) was covered by mist fully and not able to see others more than 4 feet and the time was around 6.00PM (the scenario was like at 8.00PM) others giving voice very loudly as they are enjoying the mist. (We are able to hear sound of others only not able to see the person)

We decided to take some snaps in my mobile with help of dual flash which is inbuilt. My bad luck, my mobile was running with low battery and we managed somehow.

We enjoyed the climate almost 30/40 mins and then we started to back to lake. As we started our bike to go back to lake, due to mist, we are not able to see the roads and where it goes. We struggle to ride my bike by putting bike break and raising my engine race together so that our bike light will burly to able to see the roads ahead.

Roads were fully covered by mist, due to this, we chosen three different wrong ways which goes to different areas like some guest house, farms. After lot of great efforts and helps from trespasser, we successfully reached near lake around 8.00PM and the time taken for us was around 40mins to cover 3/4kms that includes wrong ways.

As the climate was very cool, we felt our body like frozen and we had cups of very hot teas by saying cheers as we enjoyed the climate and bike ride in first time in both of us life.

We started back to Salem at 8.15PM and the same scenario was continued and we struggled to identify whether it’s normal road or normal curve or hair pin bend. After 6 kms we are coming out from mist and able to ride my bike normally.

Even though we are coming back to Salem we felt that we are missing a lot to enjoyment there, mentally we are not able to leave the place and we happy to see the surprise and joyful in their touristic faces that are coming up by buses and vans.

Your comments on above said subject will motivate the publisher. Please post your views below by using “comments”

Note: Above said information is drafted by publisher from his/her own experience.

Inflation

Topic: Inflation

Sector: Economics

On the subject of Inflation:

Inflation –It’s have both positive and negative effects on a country. Negative effects of inflation take account of loss in strength in the genuine price of money and other economic items.

Improbability about upcoming inflation may dispirit investment and savings & high inflation may guide to shortage of supplies if trades start notice out of concern that prices will boost in the future. Positive effects take account of an improvement of fiscal recessions and debt relief by dropping the genuine level of debt.

What went before?

Twenty years back, my parents are used to pay my fifth standard fees for the entire academic years was 300INR in one the cities in Tamilnadu, India.

Fifteen years back, I used to fill petrol to my bike just paying 15INR per liter and used to buy milk just paying 5INR per liter.

A salary person can run his family by getting 150INR as per month salary.

Current scenario:

Currently, the real values are 25000INR for elementary school admission, 50INR per liter petrol and 26INR per liter of milk.

The only way to tackle with the current situation is to invest money on a monthly basis which provides 15-20% of compounded yield per annum.

The reason why we are investing our money for our future is to over take country’s inflation and over a period of time, it should delivery better returns so that the inflation and interest will adjust.

Expectations:

Predicting future inflation rates requires a statistical approach and some information about the financial system. So if you desire to forecast the rates in advance then brush up with your data and economic.

Your comments on above said subject will motivate the publisher. Please post your views below by using “comments”

Note: Above said information is drafted by publisher up to his/her knowledge. This may vary with original.

BPO

Topic: BPO

Sector: Economy

About:

Business process outsourcing(BPO) the growing fashion of relocating their whole trade of functions to either self owned or third party service sources, characteristically in inexpensive locations; higher end BPO functions are also known as Knowledge Process Outsourcing (KPO)

BPO, one of the big sectors in Indian industry and that boast top rank in global BPO market.

BPO work schedule like 24X7 and the working hours were under shift basis without any break based on the project from the country.

Past:

In India, BPO business was started in early 80’s by just having the count of single digit companies. None of us were not expected the huge growth in this sector.

BPO business was started to step up in middle of 90’s in metro cities in India.

Present:

Canadian research says that India is in first rank followed by China and Philippines. India would have 44.6% and China with 25.7% of the total outsourcing.

The growth rate of 2009 will be lesser than the recorded year of 2008 due to the recession and satyam adjustments. Recently, new players were entered in Indian market for the BPO service.

Philippines are expected to lift up their growth in forthcoming years as they also recorded their growth with 21.5 % followed by China.

Subsequently, South Africa, Egypt and Mexico are flourishing as alternative BPO destinations in global BPO market. China continues to attract foreign investors to get the business.

Future:

If it’s continues like this for next five years the growth of Indian BPO will go down and there is a chance for India to relocate our trade of functions to self owned or third party service in low-priced locations.

As you must aware that India is stepping up to list of developed countries in near future.

Your comments on above said subject will motivate the publisher. Please post your views below by using “comments”

Note: Above said information is drafted by publisher up to his/her knowledge. This may vary with original.