Showing posts with label Indian Govt. Show all posts
Showing posts with label Indian Govt. Show all posts

Saturday, January 16, 2010

Agriculture

Agriculture is the production of foods thru’ farming and the key development that leads to rise of human society.

It creates food to run routine works of human and some extent to animals. Without having food, people cannot serve up with their works in both physically and mentally. Not only in terms of people, it keeps earth naturally.

It’s one of the oldest trades in our world from where barter system was in. It won’t stop today or tomorrow and the trade would be there till the last breath of human. Agriculture in India has a long history dating back to ten thousand years.

India has their own land to do agriculture with lot of natural resources where we can produce more foods thru’ farming.

Till today, India ranks second across the world in farming and output. It contributes 16.5% of total GDP in 2007 and 60% of people were active in farming and it’s one of the largest economic sectors in India.

Currently, the people’s contribution in agriculture is getting reduced and the most of agri people shifting their occupation to higher earnings like construction, textile and others.

To promote agricultural activities in India, the govt. of India regularly provisioning subsidies and other incentives in every budget. But the real problem lies in its implementation. Because most of the schemes are not getting reached properly.

Government has to come up with new ideas to streamline on how to reach the subsidies properly to the right person.

The growth of the agriculture sector in forthcoming days would be in top when compare to other sectors in India since some of the top private players has plan to keep their feet in agriculture.

Start to buy agriculture land or start to invest in agri lands wherever possible.

Tuesday, January 12, 2010

Goal for Gold

Gold once you hear the sound, it will come as no surprise to you to says that the gold is real money. Why? Because it fulfills your requirement and easily convert to real money whenever you want. The demand of the gold is always in high and the exchange rates are very attractive.

As you know that the growth of the gold price is getting tremendous and one of the best way to buy gold is thru’ systematically by every month, if possible every week.

Start to keep goal for gold by decent investment on a monthly basis, that is, start to buy at least a gram per month.

Now we will see the historical price of gold, every 25/5 years

Year - Price
1850 – 18.93
1875 – 18.94
1900 – 18.96
1925 – 20.64
1950 – 34.72
1975 – 160.86

1980 – 615.00
1985 – 317.00
1990 – 383.51
1995 – 383.79
2000 – 479.11
2005 – 601.74
2010 – current price
2015 - ???

Do simple homework,

12 months: 12 grams
36 months: 36 grams
60 months: 60 grams (I.e. five years)

Plan for long period such as 25 years

12 months X 25 years = 300 grams

Imagine the gold rate of one gram after 25 years from today.

Start to buy at least a gram per month in demant account, where you can keep your gold in your account, that is, not in real gold in your hand.

If you go out with your family to restaurant, shopping, movie or sightseeing, you have spent 1000 INR average. Try to avoid any one in a month and try to buy a gram, hope it is not costly to you and do not disturb this investment for 25 years.

Near future, gold plays a vital role across the world, as I have received lots of comments on my earlier post “Currency” that the global currency may be a gold!

Plan for your goal for gold now!

Friday, January 8, 2010

Unique Identification (UID) Number

The task is an initiative by Indian government to make a national identify card for every Indian with the purpose to improve the security level and e-serve to their citizen.

Some of the highlights are,

  • Will obviate need for multiple documentary proofs
  • Facilitate easy verification
  • Facilitate easy availing of government or private services
  • Help welfare programmes reach intended beneficiaries
  • Serve as basis for e-governance services
  • Cost effective
  • Fake identities


The project is in under control of Nandan Nilekani, a former co-chairman of Infosys Technologies.

The estimate cost to complete the project is 100 crs (US$30.9 billion) and will be rolled out to all Indian residents above the age of 18.

By initiative of this project will create 100000 new jobs in country and increase the business opportunities in domestic and international level.

After mid of this year (I.e. Aug 2010) the first UID numbers will be issued by our Indian government. (Days are very near)

Unique Identification (UID) Number is one where we can gather all kind of information about a citizen. Easily track their information like bank transaction, investment details, loan details, and payment of his telephone/electricity bill.

After the implementation of unique identification (UID) number, Indian government has a plan to link databases such as voter ID, passport, ration card, licenses and border area ID cards.

The union labor minister has on hand to link employee provident fund (EPF) database of 42 million citizens as the first database to be integrated into the unique ID system.

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