RE FRESH YOUR EYE

The Power of Words over Water

2010-04-07T00:26:00.001-07:00

Science is discovering what our Rishies always knew.

Can water be affected by our words? Dr. Masaru Emoto, a Japanese scientist, believes so. And he has proof.

Dr. Emoto took water droplets, exposed them to various words, music, and environments, and froze them for three hours. He then examined the crystal formations under a dark field microscope. And he took photographs.
The results were totally mind-blowing.
Here’s a photo of ordinary water without any prayer spoken over it. The molecular structure is in disarray.

The photo below is water after the prayer was said. It’s simply breathtaking. (I now have a great respect for praying before meals! More on this later.)

Dr. Emoto also exposed water to Heavy Metal music. Here’s how it looks like. Looks sad if you ask me.

Here’s water exposed to classical music and folk dance music.. Looks much better, right?

Next, Dr. Emoto stuck a piece of paper with these words: “You make me sick. I will kill you.” Here’s how the frozen water droplets looks like under the microscope…

Below is how water looked like with the words “Love” over it. The difference is amazing.

This is Polluted water…

This is water from Lourdes, France. Utterly beautiful, right?

Wait A Minute—

Aren’t You Made Up Of Water?

Yes! 72% of your body is made up of water.
Imagine how your words affect your own body.
When you say, “I’m a failure,” or “I’m hopeless,” or “I won’t get well,” imagine how these words weaken your health.
Make a choice to say the best words out there. Say often, “I’m wonderful,” “I’m beautiful,” “I’m God’s child,” and “God has a great plan for my life!”

It’s not only water.
Dr. Emoto also experimented with cooked rice.
He placed one cup of cooked rice in two airtight jars. On one jar, he wrote, “I love you,” and on the other, “You fool.” Everyday for 30 days, Dr. Emoto would say these words to each jar of rice.
After 30 days, the “I love you” rice was still white. But the “You fool” rice was so rotten, it was black. How can you explain this?

Just as a side note: When I was a child, my mother taught me to pray before meals. Now I realize it wasn’t just a nice thing to do. When I pray over my meal, I know a material transformation takes place in the molecular level of the food that I pray for. I say, “Be blessed,” to the water and food on the table—and I expect it to be blessed.

I encourage you to speak words of truth.
Dethrone the lies in your mind.

Say, “I’m beautiful.” Say, “I’m a wonderful person.” Say, “I have a great future.” Say, “I’m anointed. I’m strong. I’m blessed.”
Use your words to create your desired reality.
May your dreams come true!

When an Earthquake Strikes: Safety Tips You Should Know

2010-01-19T02:40:00.000-08:00

Surviving an earthquake and reducing its health impact requires preparation, planning, and practice. Far in advance, you can gather emergency supplies, identify and reduce possible hazards in your home, and practice what to do during and after an earthquake. Learning what actions to take can help you and your family to remain safe and healthy in the event of an earthquake. Here are safety tips when disaster strikes:

Indoor Safety
There are actions you can take, even while an earthquake is happening, that will reduce your chances of being hurt. Lights may be out, and hallways, stairs, and room exits may be blocked by fallen furniture, ceiling tiles, and other debris. Planning for these situations will help you to take action quickly.
If an earthquake strikes, you may be able to take cover under a heavy desk or table. It can provide you with air space if the building collapses. If you get under a table and it moves, try to move with it.
Inner walls or door frames are the least likely to collapse and may also shield against falling objects. If other cover is not available, go to an inner corner or doorway, away from windows or glass panels.
Stay away from glass and hanging objects, and bookcases, china cabinets, or other large furniture that could fall. Watch for falling objects, such as bricks from fireplaces and chimneys, light fixtures, wall hangings, high shelves, and cabinets with doors that could swing open
Grab something to shield your head and face from falling debris and broken glass.
If the lights go out, use a battery-operated flashlight. Don't use candles, matches, or lighters during or after the earthquake. If there is a gas leak, an explosion could result.

Crowded Indoor Public Places
If you are in a crowded public place, do not rush for the doorways. Others will have the same idea. Move away from display shelves containing objects that may fall. If you can, take cover and grab something to shield your head and face from falling debris and glass.

Outdoor Safety
If outdoors, move away from buildings and utility wires. The greatest danger from falling debris is just outside doorways and close to outer walls. Once in the open, stay there until the shaking stops.

Automobiles
If you are in a moving automobile, stop as quickly and safely as possible and move over to the shoulder or curb, away from utility poles, overhead wires, and under- or overpasses. Stay in the vehicle, set the parking brake, and turn on the radio for emergency broadcast information. A car may jiggle violently on its springs, but it is a good place to stay until the shaking stops. If you are in a life-threatening situation, you may be able to reach someone with either a cellular or an emergency roadside assistance phone. When you drive on, watch for hazards created by the earthquake, such as breaks in the pavement, downed utility poles and wires, a fallen overpasses and bridges.

Just One

2009-12-11T01:51:00.000-08:00

======= Just One===========
One song can spark a moment,
One flower can wake the dream
One tree can start a forest,
One bird can herald spring.

One smile begins a friendship,
One handclasp lifts a soul.
One star can guide a ship at sea,
One word can frame the goal

One vote can change a nation,
One sunbeam lights a room
One candle wipes out darkness,
One laugh will conquer gloom.

One step must start each journey.
One word must start each prayer.
One hope will raise our spirits,
One touch can show you care.

One voice can speak with wisdom,
One heart can know what's true,

One life can make a difference,
You see, it's up to you!

======================================

2009-11-19T23:44:00.000-08:00

~ Beauty of Mathematics ~

1 x 8 + 1 = 9
12 x 8 + 2 = 98
123 x 8 + 3 = 987
1234 x 8 + 4 = 9876
12345 x 8 + 5 = 98765
123456 x 8 + 6 = 987654
1234567 x 8 + 7 = 9876543
12345678 x 8 + 8 = 98765432
123456789 x 8 + 9 = 987654321

1 x 9 + 2 = 11
12 x 9 + 3 = 111
123 x 9 + 4 = 1111
1234 x 9 + 5 = 11111
12345 x 9 + 6 = 111111
123456 x 9 + 7 = 1111111
1234567 x 9 + 8 = 11111111
12345678 x 9 + 9 = 111111111
123456789 x 9 +10= 1111111111

9 x 9 + 7 = 88
98 x 9 + 6 = 888
987 x 9 + 5 = 8888
9876 x 9 + 4 = 88888
98765 x 9 + 3 = 888888
987654 x 9 + 2 = 8888888
9876543 x 9 + 1 = 88888888
98765432 x 9 + 0 = 888888888

Brilliant, isn't it?

And look at this symmetry:

1 x 1 = 1
11 x 11 = 121
111 x 111 = 12321
1111 x 1111 = 1234321
11111 x 11111 = 123454321
111111 x 111111 = 12345654321
1111111 x 1111111 = 1234567654321
11111111 x 11111111 = 123456787654321
111111111 x 111111111 = 12345678987654321

Now, take a look at this...

From a strictly mathematical viewpoint,
What Equals to 100%?

What does it mean to give MORE than 100%?

Ever wonder about those people who say they are giving more than 100%...
We have all been in situations where someone wants you to GIVE OVER 100%.

How about ACHIEVING 101%?
What equals to 100% in life?
Here's a little mathematical formula that might help answering these questions:

If:
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Is represented as:
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26

It is

H-A-R-D-W-O- R- K
8+1+18+4+2 3+15+18+11 = 98%

And

K-N-O-W-L-E- D-G-E
11+14+15+23+ 12+5+4+7+ 5 = 96%

But
A-T-T-I-T-U- D-E
1+20+20+9+20+ 21+4+5 = 100%

AND

L-O-V-E-O-F- G-O-D
12+15+22+5+15+ 6+7+15+4 = 101%

What will 3G mean to Indian Public ?

2009-11-02T22:38:00.000-08:00

Introduction of 3G or third generation in India, Mobile users will be able to watch TV, read mobile magazines, watch video clips, make video calls, browse and download at much higher speeds, all these would be in addition to the already existing services available on mobile devices.

Despite the delay in the introduction of 3G and the controversy surrounding the spectrum-allocation, mobile companies and millions of subscribers are looking forward to the proposed 3G auction, which is expected to be held on Jan 14, 2010. This time the auction will include some international participants wishing to make an entry into the lucrative Indian market.

Inline with the launch, not just Telecos but also Tech giants like HP, Google, Oracle have showed considerable interest in the run-up. HP has launched 4 new products and will sync with telecom providers for 3G services. Google is mulling participation in the auction through an Indian partner, in order to bid for the 3G bandwidth. While companies like Oracle are looking to become technology providers to various operators.

So how does this exercise that involves such high-stakes (expected revenue around Rs 25,000) going to be held? Well, the DoT, or Department of Telecommunications, intends to carry out this exercise in 4 steps - bid invitation, pre-qualification, auction process and final grant of spectrum.

At present the government has earmarked 200 Mhz of band frequencies between 900-1000 Mhz and 1800-1900 Mhz for 2G. For the additional 3G spectrum the government will allocate some of the space presently controlled by the India's defense forces. The additional spectrum of 30MHz to be sold in the auction will lie between 2100-2200 Mhz.

Once the winners are decided, they will have to abide by the regulations, which include -

- Spectrum-allocation winners would be required to pay 0.5% for the first 3 years and 1% thereafter.

- During the first 5 years, winners will not be allowed to trade or sell or even merge with another company

India having already witnessed a monumental growth in the Mobile market and with predictions of huge rise in the broadband penetration, you can expect 3G to not just tap the existing user base but also to make inroads into the 100 million first-time users over the next few years. Until the auction, hold your breadth as 3G gets to unleash its prowess.

List of best-selling mobile phones

2009-09-22T03:58:00.000-07:00

This is a list of mobile phones that have shipped or sold at least one million units.
Nokia 1100 (200 million)[1]
Nokia 3310 (126 million)[2]
Motorola RAZR V3 (100 million shipped)[3]
Nokia 2100 (20 million)[2]
LG Chocolate (15 million)[4]
BlackBerry Pearl (10 million)[5]
Nokia 5310 XpressMusic (10 million)[6]
Samsung SGH-E700 (10 million)[7]
iPhone (8 million in the U.S.)[8]
LG Shine (8 million)[4]
Nokia N95 (7 million)[9]
Nokia 5800 XpressMusic (6.8 million)[10]
Samsung F480 TouchWiz (5 million)[11]
Motorola MING A1200i (3 million in China only)[12]
N-Gage (3 million)[13]
Samsung SGH-D900 (3 million)[14]
Sony Ericsson W300 (3 million)[15]
HTC Touch (2 million)[16]
LG Cookie (KP500) (2 million)[17]
LG Viewty (KU990) (2 million)[18]
Nokia 6600 (2 million shipped)[19]
Palm Centro (2 million)[20]
LG Venus (VX8800) (1.6 million)[18]
LG Voyager (VX10000) (1.3 million)[18]
HTC Magic (1 million)[21]
iPhone 3G (1 million)[22]
iPhone 3GS (1 million)[23]
Motorola Q (1 million in U.S.)[24]
Nokia 3250 (1 million)[25]
Nokia 8800 (1 million)[26]
Samsung U900 Soul (1 million)[27]

WORD SCRABBLE [Amazing One]

2009-08-28T02:40:00.000-07:00

FLORENCE NIGHTINGALE
When you rearrange the letters:
FLIT ON CHEERING ANGEL

DILIP VENGSARKAR
When you rearrange the letters:
SPARKLING DRIVE

BARA THEDA
When you rearrange the letters:
ARAB DEATH

PRINCESS DIANA
When you rearrange the letters:
END IS A CAR SPIN

MONICA LEWINSKY
When you rearrange the letters:
NICE SILKY WOMAN

DORMITORY
When you rearrange the letters:
DIRTY ROOM
PRESBYTERIAN
When you rearrange the letters:
BEST IN PRAYER

ASTRONOMER
When you rearrange the letters:
MOON STARER

DESPERATION
When you rearrange the letters:
A ROPE ENDS IT

THE EYES
When you rearrange the letters:
THEY SEE

GEORGE BUSH
When you rearrange the letters:
HE BUGS GORE

THE MORSE CODE
When you rearrange the letters:

HERE COME DOTS

SLOT MACHINES
When you rearrange the letters:
CASH LOST IN ME

ANIMOSITY
When you rearrange the letters:
IS NO AMITY

ELECTION RESULTS
When you rearrange the letters:
LIES - LET'S RECOUNT

SNOOZE ALARMS
When you rearrange the letters:
ALAS! NO MORE Z’S

A DECIMAL POINT
When you rearrange the letters:
IM A DOT IN PLACE

THE EARTHQUAKES
When you rearrange the letters:
THAT QUEER SHAKE

ELEVEN PLUS TWO
When you rearrange the letters:
TWELVE PLUS ONE

AND FOR THE GRAND FINALE
MOTHER-IN-LAW
When you rearrange the letters:
WOMAN HITLER

INTERESTING FACTS FOR ALL

2009-08-08T01:23:00.000-07:00

1. Coca-Cola was originally green.

2. The most common name in the world is "Mohammed".

3. The name of all the continents ends with the same letter that they start with.

4. The strongest muscle in the body is the tongue.

5. There are two credit cards for every person in the United States..

6. TYPEWRITER is the longest word that can be typed using the letters only on one row of the keyboard.

7. Women blink nearly twice as much as men!

8. You can't kill yourself by holding your breath.

9. Like fingerprints, everyone's tongue print is different

10. People say "Bless you" when you sneeze because when you sneeze, your heart stops for a millisecond.

11. It is physically impossible for pigs to look up into the sky.

12. The "sixth sick sheik's sixth sheep's sick" is said to be the toughest tongue twister in the English language.

13. If you sneeze too hard, you can fracture a rib. If you try to suppress a sneeze; you can rupture a blood vessel in your head or neck and die.

14. Each king in a deck of playing cards represents great king from History."Spades" King David; "Clubs" Alexander the Great; " Hearts" Charlemagne; "Diamonds" Julius Caesar.

15. 111,111,111 x 111,111,111 =12,345,678,987, 654,321

16. If a statue of a warrior on a horse has both front legs in the air, the person died in battle. If the horse has one front leg in the air, the person died as a result of wounds received in battle. If the horse has a all four legs on the ground, the person died of natural causes.

17. What do bullet proof vests, fire escapes, windshield wipers and laser printers all have in common? Answer: All invented by women.

18. Honey is the only food that doesn't spoil.

19. A crocodile cannot stick its tongue out.

20. A snail can sleep for three years.

21.All polar bears are left-handed.

22.American Airlines saved $40,000 in 1987 by eliminating one olive from each salad served in first-class.

23.Butterflies taste with their feet.

24.Elephants are the only animals that can't jump.

25.In the last 4000 years, no new animals have been domesticated.

26.On average, people fear spiders more than they do death.

27.Shakespeare invented the word 'assassination' and 'bump'.

28.Stewardesses is the longest word typed with only the left-hand.

29.The ant always falls over on its right side when intoxicated.

30.The electric chair was invented by a dentist.

31.The human heart creates enough pressure when it pumps out to the body to squirt blood 30 feet.

32.Rats multiply so quickly that in 18 months, two rats could have over million descendants.

33.Wearing headphones for just an hour will increase the bacteria in your ear by 700 times.

34.The cigarette lighter was invented before the match.

35.Most lipstick contains fish scales.

35. It is impossible to lick your elbow.

37.And finally over 90% of people who read this will try to lick their elbow.

Courtesy : Mirzatehseen

World's mysterious islands

2009-07-14T01:30:00.000-07:00

Easter Island
One of the world's most famous archaeological sites, Easter Island is a small, hilly, now treeless island of volcanic origin some 2200 miles off the coast of Chile. Easter Island's mysterious 'Moai', giant head statues carved out of volcanic rock, draws tourists to the world's most remote inhabited island. The people of Easter Island called themselves the Rapa Nui. Where did they come from and why did they disappear? Science has put to rest some of the more bizarre theories, but questions remain.

Budget 2009-10 Commentary

2009-07-06T02:23:00.000-07:00

July 6, 2009, 12:57: Pranab Mukherjee introduces Finance Bill, 2009 in Lok Sabha.
________________________________________
July 6, 2009, 12:54: BUDGET: Finance minister also surprised the markets by keeping quiet on Foreign Direct Investment. This also hurt the sentiment.
________________________________________
July 6, 2009, 12:53: Construction: Restore full exemption on goods such as pre-fabricated slabs.
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July 6, 2009, 12:50: The markets have been highly disappointed with the Budget proposals, but this could be a for the short-term, say experts.
________________________________________
July 6, 2009, 12:49: Customs Duty to be reduced on drugs for heart treatment.
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July 6, 2009, 12:49: Proposal to restore optional 4 per cent CENVAT on cotton textiles beyond fibre stage.
________________________________________
July 6, 2009, 12:49: Excise duty on fibre for cheaper cloth reduced.
________________________________________
July 6, 2009, 12:49: Full exemption from excise duty on pre-fabricated concrete slabs to help construction industry.
________________________________________
July 6, 2009, 12:49: Excise duty on petrol-driven small trucks reduced to 10 per cent.
________________________________________
July 6, 2009, 12:49: Full exemption from excise duty on branded jewellery.
________________________________________
July 6, 2009, 12:48: Service tax exempted for exporters on select services.
________________________________________
July 6, 2009, 12:48: Service Tax to be extended to lawyers on technical advice.
________________________________________
July 6, 2009, 12:48: Indirect Tax will result in net gain of Rs 2000 crore this year while Direct Tax proposals are revenue neutral.
________________________________________
July 6, 2009, 12:46: The only thing that was expected from him and he did deliver on it was the abolition of the draconian Fringe benefit Tax.
________________________________________
July 6, 2009, 12:46: In a big surprise, the finance minister totally bypassed the issue of divestment. Sale of loss-making PSUs could have boosted the market sentiment, but that was not to be.
________________________________________
July 6, 2009, 12:45: Why are the markets falling so badly? There was no big picture vision in the Budget. The fiscal deficit is at a huge 6.8% of the GDP and no big announcements were made to address the issue. No structural changes that speak of a long-term vision were indicated in the Budget. It appears to be a hurriedly put together effort, with small bits to keep a vocal middle class quiet (the raising of tax exemption limit by Rs 10,000)...
________________________________________
July 6, 2009, 12:42: ALERT! Sensex loses 743.41 points to 14,169.64
________________________________________
July 6, 2009, 12:41:
________________________________________
July 6, 2009, 12:41: ALERT! ALERT! ALERT! BSE Sensex down 710.25 points to 14,202.80 NSE Nifty down 152.95 points at 4,271.30
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July 6, 2009, 12:41: BSE Sensex down 710.25 points to 14,202.80 NSE Nifty down 152.95 points at 4,271.30
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July 6, 2009, 12:40: Aggressive investors should buy into textile stocks which are now available at dirt cheap prices, says PN Vijay, portfolio manager, on CNBC Awaaz. This sector could become as powerful as the IT sector five years down the line, he adds.
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July 6, 2009, 12:40: Custom duty on LCD panels cut from 10% to 5%, says the FM. There will be an imposition of 5% custom duty on set top boxes, he adds. This is bad news for Dish TV, Sun TV, Airtel, Videocon and WWIL.
________________________________________
July 6, 2009, 12:38: Customs duty on gold and silver import increased.
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July 6, 2009, 12:38: Customs Duty to be reduced on drugs for heart treatment.
________________________________________
July 6, 2009, 12:38: Manufacturing growth, which was negative during last year till March this year, appears to be barely turning the corner, says Mukherjee.
________________________________________
July 6, 2009, 12:36: Customs duty on LCD panels halved from 10% to 5%.
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July 6, 2009, 12:36: Gram Sadak Yojana allocation has been hiked up 59% to Rs 12000 crore, says the Finance Minister, reports CNBC TV18. UID project allocation is Rs 120 crore and Rs 2000 crore will be allocated to rural housing fund, says the FM.
________________________________________
July 6, 2009, 12:36: Indian Union Budget 2009-2010: Spending on higher education to be increased and allocation of Rs 2130 crore to set up more IIT and NIITs. A central university has been proposed in each state, says the FM.
________________________________________
July 6, 2009, 12:35: Indian Union Budget 2009-2010: FBT and Commodity Transaction Tax are to be abolished and MAT (minimum alternative tax) rate to be increased to 15% versus 10% of book profit, says the Finance Minister, reports CNBC TV18. Propose to extend sunset clause by one year and tax holidays for exporters is extended to 2011, he adds
________________________________________
July 6, 2009, 12:35: Aggressive investors should buy into textile stocks which are now available at dirt cheap prices, says PN Vijay, portfolio manager, on CNBC Awaaz. This sector could become as powerful as the IT sector five years down the line, he adds.
________________________________________
July 6, 2009, 12:34: ALERT! SENSEX tanks 628.01 points to 14,285.04
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July 6, 2009, 12:34: ALERT! SENSEX tanks 628.01 points to 14,285.04
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July 6, 2009, 12:32: Customs duty of 5 per cent being levied on import of set-top boxes used under Conditional Access System (CAS).
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July 6, 2009, 12:31: ALERT! Income tax incentives on education loans expanded to cover vocational studies after schooling.
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July 6, 2009, 12:31: Small businesses up to Rs 40 lakh (Rs 4 million0 turnover exempted from filing advance tax returns.
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July 6, 2009, 12:31: 5% customs duty on set top boxes.
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July 6, 2009, 12:30: ALERT! Markets give thumbs down to budget proposals. Sensex down 601 points at 14,420!
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July 6, 2009, 12:30: ALERT! Markets give thumbs down to budget proposals. Sensex down 601 points at 14,420!
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July 6, 2009, 12:30: ALERT! Markets give thumbs down to budget proposals. Sensex down 601 points at 14,420!
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July 6, 2009, 12:29: 100 per cent tax deduction for donations for electoral funds to improve transparency in political funding.
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July 6, 2009, 12:28: 100 per cent tax deduction for donations for electoral
________________________________________
July 6, 2009, 12:28: 100 per cent tax deduction for donations for electoral funds to improve transparency in political funding.
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July 6, 2009, 12:28: New pension system trust exempted from security transaction tax and dividend distribution tax.
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July 6, 2009, 12:28: Minimum Alternate Tax on book profits increased to 15 per cent from 10 per cent.
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July 6, 2009, 12:28: Proposal to incentivise business. I propose to start Investment linked tax benefits in areas of agriculture and national grid, says Mukherjee.
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July 6, 2009, 12:28: 10 per cent surcharge on personal income tax removed.
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July 6, 2009, 12:28: Ten per cent surcharge on personal income tax removed.
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July 6, 2009, 12:25: Commodity transaction tax is abolished GST to come into effect from April 01, 2010 Corporate tax unchanged FBT abolished
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July 6, 2009, 12:25: Commodity transaction tax is abolished GST to come into effect from April 01, 2010 Corporate tax unchanged FBT abolished
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July 6, 2009, 12:24: Breaking News! FBT and CTT abolished
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July 6, 2009, 12:24: ALERT! Sensex plunges 414.65 pts to 14,498.40
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July 6, 2009, 12:23: ALERT! No change in Corporate Tax.
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July 6, 2009, 12:23: TAX! Personal income tax exemption limit for senior citizens raised by Rs 15,000.
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July 6, 2009, 12:22: TAX! I propose to raise by Rs 10,000 the exemption limit for women on income tax. For all others, Rs 10,000 up from Rs 1,50,000, says Mukherjee.
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July 6, 2009, 12:22: BREAKING NEWS! Commodities Transaction Tax abolished!
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July 6, 2009, 12:22: TAX SLABS RAISED: PERSONAL INCOME TAX EXEMPTION RAISED BY RS 10,000. For Senior Citizens exemption raised by Rs 15,000
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July 6, 2009, 12:22: bREAKING NEWS: Personal income tax exemption limit raised by Rs 10,000.
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July 6, 2009, 12:21: Breaking news: FRINGE BENEFIT TAX ABOLISHED.
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July 6, 2009, 12:21: Share of direct taxes has increased to 56 per cent in 2008-09 over 41 per cent in 2007-08.
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July 6, 2009, 12:20: Direct Tax code to be released in 45 days along with discussion paper.
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July 6, 2009, 12:20: To further improve the efficiency of tax system, I propose to set up two authorities for advance ruling, says Mukherjee.
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July 6, 2009, 12:20: Effort is to improve tax collection by eliminating distortions in tax system and expanding the base.
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July 6, 2009, 12:19: ALERT! SENSEX continues to plummet: down 430.54 points to 14,482.51.
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July 6, 2009, 12:19: ALERT! SENSEX continues to plummet: down 430.54 points to 14,482.51.
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July 6, 2009, 12:19: BREAKING NEWS! M.A.T HIKED TO 15% OF BOOK PROFITS
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July 6, 2009, 12:18: BREAKING NEWS! SECURITIES TRANSACTION TAX cut
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July 6, 2009, 12:18: BREAKING NEWS! Commodities Transaction Tax abolished!
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July 6, 2009, 12:16: TAX SLABS RAISED: PERSONAL INCOME TAX EXEMPTION RAISED BY RS 10,000. For Senior Citizens exemption raised by Rs 15,000
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July 6, 2009, 12:15: BREAKING NEWS: Personal income tax exemption limit raised by Rs 10,000.
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July 6, 2009, 12:15: Personal income tax exemption limit raised by Rs 10,000.
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July 6, 2009, 12:14: BREAKING NEWS! FBT ABOLISHED
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July 6, 2009, 12:14: ALERT! SENSEX plummets 418.92 pts to 14,494.13.
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July 6, 2009, 12:13: FRINGE BENEFIT TAX ABOLISHED.
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July 6, 2009, 12:13: TAX: FRINGE BENEFIT TAX ABOLISHED.
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July 6, 2009, 12:13: Tax holidays extended by 1 more year.
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July 6, 2009, 12:13: TAX: SURCHARGE ON income tax phased out.
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July 6, 2009, 12:12: Tax proposals! Income Tax rates exemption limit to raised from Rs 180,000 to 190,000 for women.
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July 6, 2009, 12:12: Tax proposals! Income Tax rates exemption limit to 2.25,000 to 2,40,000 for senior citizens.
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July 6, 2009, 12:12: Tax proposals! No change in Corporate Tax.
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July 6, 2009, 12:12: Tax proposals! Income Tax rates exemption limit to raised from Rs 180,000 to 190,000 for women.
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July 6, 2009, 12:11: Tax proposals! Income Tax rates exemption limit to 2.25,000 to 2,40,000 for senior citizens.
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July 6, 2009, 12:10: Tax proposals! No change in Corporate Tax.
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July 6, 2009, 12:10: ALERT! SENSEX down 340.47 pts at 14,572.58.
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July 6, 2009, 12:9: Fiscal deficit in 2009-10 is proposed at 6.8 per cent of GDP.
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July 6, 2009, 12:9: Defence gets Rs 1,41,703 crore for 2009-10, a 34 per cent hike from 2008-09 budgetary allocation of Rs 1,05,600 crore.
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July 6, 2009, 12:7: TAX PROPOSALS! New direct tax code to be released in 45 days.
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July 6, 2009, 12:7: Plan expenditure, for both Centre and States, to go up by Rs 61,000 crore over the interim budget.
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July 6, 2009, 12:6: Total budget expenditure for 2009-10 will Rs 10,28,032 crore, crossing Rs 10 lakh crore mark for the first time since Independence.
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July 6, 2009, 12:5: FISCAL deficit seen at 6.8 per cent of GDP.
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July 6, 2009, 12:4: Crop loan at 6 pc interest for farmers The government today announced loans at a subsidised interest rate of 6 per cent for farmers who pay their dues in time, which is one per cent less than what others would get. " I am also happy to announce that for this year the government will pay an additional subvention of one per cent as an incentive to those farmers who repay their short term crop loan on schedule. Thus the interest rate for these farmers will come down to 6 per cent per annum," Finance Minister Pranab Mukherjee said in the Budget 2009-10. The Centre has allocated Rs 411 crore more in this budget for this purpose over and above the allocation made during the interim budget, he added. Mukherjee said the governmnet would continue the interest subvention scheme on short term crop loan of up to Rs 3 lakh at seven per cent interest rate. The government also hiked the target of agricultural credit for 2009-10 to Rs 3,25,000 crore after achieving last year's target when the government had disbursed Rs 2,87,000 crore of farm loan as against the target of Rs 2,80,000 crore. Mukherjee said the debt waiver scheme, announced during 2008-09 budget, would be extended till December 31 this year, in view of delay in monsoon. The Rs 71,000 crore scheme, which covered four crore farmers, had ended in June 2009. He also announced setting up a task force to examine a large number of farmers in parts of Maharashtra who had been left out of this scheme as they had taken loans from private money lenders.
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July 6, 2009, 12:3: Crop loan at 6 pc interest for farmers The government today announced loans at a subsidised interest rate of six per cent for farmers who pay their dues in time, which is one per cent less than what others would get.
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July 6, 2009, 12:3: FM announces hike in allocation for Commonwealth Games.
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July 6, 2009, 12:2: I propose to allocate Rs 500 crore for rehabilitation of internally displaced Tamils in Sri Lanka, says Mukherjee.
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July 6, 2009, 12:2: Rs 1,000 crore for rebuilding infrastructure damaged by the recent 'Aila' cyclone in West Bengal.
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July 6, 2009, 12:1: CORRECTION: Budget expenditure crosses Rs 10 LAKH crore for the first time, says FM, (and not Rs 10,000 crore as stated earlier).
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July 6, 2009, 12:1: Allocation for Commonwealth Games increased to Rs 3,472 crore from Rs 2,112 crore.
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July 6, 2009, 12:0: Rs 2,113 crore allocated for IITs and new IITs.
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July 6, 2009, 12:0: One lakh dwelling units for paramilitary forces personnel to be constructed.
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July 6, 2009, 12:0: Budget expenditure crosses Rs 10,000 crore for the first time, says FM.
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July 6, 2009, 11:59: ALERT! The stock market greeted the Budget presentation with resounding thumbs-down. Sensex down 295.83 points at 14,617.22. It has however gained a bit. A while ago, it was down 339 points.
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July 6, 2009, 11:57: New pension benefits for 12 lakh jawans and Junior Commissioned Officers from July.
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July 6, 2009, 11:57: Hike in allocation for Minorities ministry.
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July 6, 2009, 11:54: First Unique Identification Card to citizens to roll out in 12-18 months. I propose provision of Rs 120 crore for the project, says the finance minister. Infosys co-founder Nandan Nilekani is heading this project, after he quit the Infosys board.
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July 6, 2009, 11:54: Under National Action Plan on climate change, eight national missions are being launched. For one of the missions, National Ganga Project, Government proposes to increase allocation to Rs 562 crore.
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July 6, 2009, 11:53: Allocation for National Rural Health Mission to be raised by Rs 257 crore over and above the outlay in the interim budget.
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July 6, 2009, 11:53: ATERT! SENSEX LOSES 339.59 points to 14,573.46. Markets give a thumbs down to the Budget.
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July 6, 2009, 11:52: One rank, one pension for ex-servicemen, says FM.
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July 6, 2009, 11:52: Unique ID plan rollout in 12 to 18 months, says FM. IT whizkid Nandan Nilekani will be heading this huge exercise.
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July 6, 2009, 11:51: Action initiated to provide social security to unorganised sector workers, says Mukherjee.
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July 6, 2009, 11:51: Modernisation of national exployment exchanges to be carried out.
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July 6, 2009, 11:51: Full interest subsidy for students taking courses in approved institutions. 5 lakh (500,000) students to benefit.
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July 6, 2009, 11:50: ALERT! Sensex now down 196.16 points at 14,716.89.
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July 6, 2009, 11:49: National Mission for Female Literacy with emphasis on minorities, Scheduled Castes and Scheduled Tribes to be launched. Fifty per cent of all rural women to be brought into self-help group programmes.
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July 6, 2009, 11:48: ALERT! SENSEX LOSES 190.10 points to 14,722.95! Gives a thumbs down to Pranab's Budget proposals till now!
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July 6, 2009, 11:48: Rashtriya Mahila Kosh corpus to be raised from Rs 100 crore to Rs 500 crore.
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July 6, 2009, 11:48: Rs 2,000 crore for rural housing fund under National Housing Bank.
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July 6, 2009, 11:48: For Indira Awas Yojana, allocation to be increased by 63 per cent in 2009-10 to touch Rs 8,800 crore.
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July 6, 2009, 11:48: Allocation for flagship Bharat Nirman progamme is being raised by 45 per cent.
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July 6, 2009, 11:48: NREGA coverage increased from 3.39 crore households in 2007-08 to 4.74 crore households in 2008-09.
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July 6, 2009, 11:47: ALERT! SENSEX LOSES 190.10 points to 14,722.95! Gives a thumbs down to Pranab's Budget proposals till now!
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July 6, 2009, 11:46: An allocation of Rs 39,100 crore to be made for NREGA in 2009-10, an increase of 144 per cent.
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July 6, 2009, 11:46: Work on National Food Security scheme for providing food at cheaper rates to the poor has begun, says Mukherjee.
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July 6, 2009, 11:45: Government is committed to provide Rs 100 a day as wages under NREGA, says Mukherjee.
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July 6, 2009, 11:45: 'Aam admi' is the focus of all our programmes and schemes, says Mukherjee.
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July 6, 2009, 11:45: Rs 100 crore to be given as one time grant in aid to expand banks in unbanking areas.
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July 6, 2009, 11:45: Banks and insurance firms to remain in public sector.
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July 6, 2009, 11:45: IT returns to be made simpler, says Mukherjee.
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July 6, 2009, 11:45: An expert committee to be set up to advise on viable and sustainable pricing system for imported petroleum products, says Mukherjee.
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July 6, 2009, 11:45: Subsidy regime for fertilisers to change to nutrient- based rather than price-based.
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July 6, 2009, 11:43: ALERT: SENSEX SLIPS 91.19 points to 14,821.86.
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July 6, 2009, 11:43: Infrastructure growth to get a boost Finance Minister Pranab Mukherjee said the Indian Infrastructure Financial Corporation Limited (IIFCL) will evolve a financing mechanism for giving increased support to infrastructure projects. The IIFCL will refinance 60 per cent of bank loans for public-private partnership projects (PPP) projects. The Infrastructure growth should be 9 per cent of the GDP, Mukherjee said.
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July 6, 2009, 11:43: ALERT: SENSEX SLIPS 91.19 points to 14,821.86.
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July 6, 2009, 11:42: Rs 7,000 crore to rural electrification scheme.
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July 6, 2009, 11:42: To return to FRBM target for fiscal discipline at the earliest, says Mukherjee.
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July 6, 2009, 11:41: Saral Form II to be reintroduced, says FM. In 4 years, filing tax returns online to be made easier.
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July 6, 2009, 11:38: Extension of stimulus package for print media by another six months beyond June 30 in view of the economic downturn. This will give a much needed boost to the print media.
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July 6, 2009, 11:37: PSUs are national wealth, says FM.
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July 6, 2009, 11:37: Banks and insurance companies outside the divestment plan.
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July 6, 2009, 11:36: Direct transfer of subsidy to farmers being worked out.
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July 6, 2009, 11:34: JNNURM support up by 87% Will create 12 million job a year Rs 3.25 lakh gross agiculture credit for current year
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July 6, 2009, 11:34: To initiate institutional measures to control fiscal deficit To return FEBM target as the earliest Govt to extend tax weiver on some exports to March 2010 Irrigation programme outlay increased 75% to 1,000 crore
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July 6, 2009, 11:33: Extension of stimulus package for print media by another six months beyond June 30 in view of the economic downturn.
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July 6, 2009, 11:33: Extension of interest subvension scheme extended up to March 2010 to cover sectors like handicrafts and handlooms.
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July 6, 2009, 11:32: Allocation for market development assistance scheme enhanced by 148 per cent.
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July 6, 2009, 11:32: Export Credit Guarantee scheme extended till March 2010.
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July 6, 2009, 11:32: Govt to set up expert panel for petroleum product pricing as the domestic oil prices should be in tune with global prices.
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July 6, 2009, 11:31: The proposals till now augur well for the automobile and the real estate sectors.
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July 6, 2009, 11:29: 75% hike for accelerated irrigation, announces the FM.
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July 6, 2009, 11:28: Sensex slips into the red: down 43.06 points at 14,869.99.
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July 6, 2009, 11:27: Fiscal deficit: We need institutional reforms to being fiscal deficit down, says the FM.
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July 6, 2009, 11:27: Export Credit Guarantee scheme extended till March 2010.
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July 6, 2009, 11:27: Additional allocation of Rs 1,000 crore for accelerated irrigation project.
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July 6, 2009, 11:27: Incentives in interest rates to farmers to pay back agriculture loans in time.
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July 6, 2009, 11:25: Target for agriculture credit raised to Rs 3,25,000 crore in 2009-10 from Rs 287,000 crore.
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July 6, 2009, 11:24: Pranab announces sops for exporters.
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July 6, 2009, 11:24: Central assistance for storm-water drainage project increased to Rs 500 crore from Rs 200 crore in the interim budget.
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July 6, 2009, 11:24: Allocation for Jawaharlal Nehru Urban Renewal Mission increased by 87 per cent to Rs 12,887 crore.
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July 6, 2009, 11:23: Allocation for urban poor for provision for housing and basic amenities to be raised to Rs 3,973 crore in the current year.
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July 6, 2009, 11:23: Indian Infrastructure Finance Company Limited will re-finance commercial bank loans upto 60 per cent in critical projects through public private partnership to the tune of Rs 1,00,000 crore to raise investment in the sector.
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July 6, 2009, 11:22: Allocation for urban poor for provision for housing and basic amenities to be raised to Rs 3,973 crore in the current year.
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July 6, 2009, 11:22: Additional budget allocation for farmers.
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July 6, 2009, 11:21: Hike in allocation for Mumbai flood management.
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July 6, 2009, 11:21: Housing allocation hiked under Rajiv Awaas Yojana.
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July 6, 2009, 11:21: Agricultre: Pranab announces proposals to boost farm sector.
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July 6, 2009, 11:20: Allocations for highways being stepped up by 23 per cent.
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July 6, 2009, 11:19: Fiscal deficit grew from 2.7 per cent to 6.8 per cent of GDP, says the Finance Minister. Total fiscal stimulus during 2008-09 amounts to Rs 186,000 crore.
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July 6, 2009, 11:19: Indian Infrastructure Financial Corporation Limited (IIFCL) to evolve financing mechanism for giving increased support to infrastructure projects.
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July 6, 2009, 11:18: Mumbai floods: More funds allocated to help Mumbai fight floods during rains.
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July 6, 2009, 11:17: He also said that more stimulus packages are needed.
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July 6, 2009, 11:17: NHAI allocation up by 23 per cent. National Highways, that is.
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July 6, 2009, 11:17: He said that sustenance of high or 9 per cent growth will not be easy, but he would strive for it.
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July 6, 2009, 11:17: He said that sustenance of high or 9 per cent growth will not be easy, but he would strive for it.
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July 6, 2009, 11:16: Budget, he says, is not the only instrument of change, implying that the nation can look forward to other announcement through the year...
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July 6, 2009, 11:14: Mukherjee intends to make pre-budget consultations with state finance ministers an annual affair.
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July 6, 2009, 11:14: He wants the Budget to be a 'more participatory' exercise.
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July 6, 2009, 11:13: Growth rate in 2008-09 dipped to 6.7 per cent from average 9 per cent growth in previous three fiscal years, says Mukherjee.
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July 6, 2009, 11:13: Economic crisis: The worst is behind us, says the FM.
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July 6, 2009, 11:12: Government plans to bring back the economy to the high GDP growth rate of nine per cent at the earliest, says Mukherjee.
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July 6, 2009, 11:11: There has been a strong rise in flow of foreign capital, despite the economic slowdown, he says,.
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July 6, 2009, 11:10: Another challenge, says FM , is to broaden inclusive growth agenda.
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July 6, 2009, 11:10: Main challenge, says FM, is to return to 9% growth rate.
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July 6, 2009, 11:9: BSE Sensex is up 85.46 points at 14,998.51 and the NSE Nifty is up 29.95 to 4,454.20.
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July 6, 2009, 11:8: One Budget cannot solve all problems, says FM, implying that this Budget might not really be the Dream Budget that people want... but let's hear more
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July 6, 2009, 11:7: Prnab says that he would try to ensure that the agriculture sector grows at 4%, boosting GDP growth of the country.
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July 6, 2009, 11:6: The first challenge is to get back Indian to 9% grwoth rate, says the FM.
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July 6, 2009, 11:6: He says that the UPA's victory is a mandate for inclusive growth. We will do all we can for the growth of the country, he says.
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July 6, 2009, 11:5: Finance Minister Prnab Mukherjee has begun his Budget Speech.
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July 6, 2009, 11:5: The gems and jewellery industry wants the continuation of the existing credit limits to exporters with good track record, and improving credit facilities. Introduction of Presumptive Tax/Turnover Tax as a permanent solution for the peculiar nature of the industry characterized by the daily price fluctuation which causes disputes on taxation. Industry seeks for rationalization of interest rate at par or below the international interest rates. It also urges RBI to make dollar finance available at LIBOR + 1% to the banks financing the gem & jewellery industry up to 31st December 2011; as against LIBOR + 3.5% and extra charges of handling and commissioning.
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July 6, 2009, 11:3: There could be some respite to the IT-ITES Companies if the STP scheme is continued and there is some relief on the FBT regulations. Recently, the IT-ITES Companies have seen a rally in the markets on signs of bottoming out and recovery of IT spent with some signs of recovery in US economy.
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July 6, 2009, 11:3: If the STP Scheme (Section 10A/10B) is extended which is most likely for one year atleast, there would be some relief for IT Companies and their bottomline would be boosted. In case the tax exemption on STP units is not extended, the effective tax rate is estimated to increase to the 18-24% range (up from 11-17% currently) depending on the offshore/onsite mix, proportion of revenues from SEZ units and the contribution from the domestic business. The impact would be more pronounced in case of mid-cap companies and ITES/BPO units. Regarding FBT, we expect some business expenditure may be removed from the net of FBT.
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July 6, 2009, 11:3: The IT industry is recommending that the tax exemption for STPs continue for another 10 years (beyond 2010) so that companies can continue availing of benefits and have the time to adjust to the SEZ framework, which will take the next 2 or 3 years to really get operational.
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July 6, 2009, 11:2: Tax incidence on cigarettes and alcohol might be raised, making them more expensive.
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July 6, 2009, 11:1: Exemptions possible for infrastructure projects to bring down the costs.
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July 6, 2009, 11:1: Uniform excise duty should be levied on cement.
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July 6, 2009, 11:0: Automobiles: Pranab might roll back the additional charge of Rs 15,000 to Rs 20,000 on utility vehicles/cars above 1500 cc. Some benefits are anticipated under income tax for product development/capital expenditure.
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July 6, 2009, 10:58: Some benefits in personal income tax, increase in exemption limit of home loan interest and schemes to divert investment into infrastructure, are also expected. A tax amnesty scheme could be considered in the to address the rising fiscal deficit. Agriculture revisions are expected in the urea policy to attract new investments.
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July 6, 2009, 10:58: Pranab might announce quite a few economic reform plans.
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July 6, 2009, 10:57: Budget Deficit: The government might the Budget Deficit beyond the 5.5 per cent set in an interim and pre-election budget in February. Divestment: The finance minister is likely to announce plans to divest the govt’s shareholding in some public sector companies to help fund rural and social programmes. This will prop up the stock markets further.
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July 6, 2009, 10:50: Sensex loses some gains. It is now up 74.68 points at 14,987.73. The NSE Nifty is up 24.80 points at 4,449.05.
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July 6, 2009, 10:46: The government is trying to encourage lending to breathe fresh life into the real estate and banking segments, which are currently coping and bouncing back from the ill effects of a realty market crash and global recession. One of the possible ways the government could opt to do this is by including a recommendation for increasing the tax slab for home loans in the upcoming Budget announcement slated for July 6, 2009. This will favour the person opting for a new home loan and will specifically be for the tax concessions on the interest rate. Currently, taxpayers opting for housing loans get income tax exemption on interest payment of up to Rs 1.5 lakh (Rs 150,000) per year. Sources indicate that the income tax exemption limit for interest payment of home loans is likely to be increased to Rs 2.5 lakh (Rs 250,000) for the upcoming year.
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July 6, 2009, 10:45: A stimulus package for the industry could also be announced.
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July 6, 2009, 10:45: He could also hike FDI limits into more industry sectors.
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July 6, 2009, 10:45: The finance minister might allocate more funds for infrastructure, health care and education.
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July 6, 2009, 10:45: The budget may seek to strike a balance between social orientation and growth while maintaining fiscal discipline.
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July 6, 2009, 10:43: The budget may seek to strike a balance between social orientation and growth while maintaing fiscal discipline.
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July 6, 2009, 10:35: Finance Minister Pranab Mukherjee has arrived in Parliament and will be delivering the Budget Speech in about 25 minutes from now. Stand by!
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July 6, 2009, 10:32: Some industry captains expect another stimulus package to help boost the export sector. Oil companies might see some budgetary support.
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July 6, 2009, 10:32: The finance minister might announce a long-term plan to cut down burgeoning fiscal deficit, while still announcing plans to boost infrastructure.
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July 6, 2009, 10:30: Sectors like pharmaceuticals, textile machinery, food processing, paper and auto, including two-wheelers and tyres, are expected to get relief in excise duty, but like last year, Pranab could also prune excise duty exemptions to maintain revenue collections.
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July 6, 2009, 10:30: Pranab might also announce massive funds for social sector projects like National Rural Employment Guarantee, Sarva Shiksha Abhiyan, rural health and power sectors, without try to disturb fiscal discipline.
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July 6, 2009, 10:30: Reports say that the finance minister might announce a cut in excise duty rates across the board.
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July 6, 2009, 10:30:
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July 6, 2009, 10:30: Fringe Benefit Tax is likely to be scrapped. Industry does not see any cuts in Corporate Tax being announced. Securities Transaction Tax might be reduced. It won’t be phased out, but if treated as advance tax, people will be happy.
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July 6, 2009, 10:29: So what could happen in the Budget this time? Here are some points that experts say the finance minister might announce: The minimum income threshold limit for income tax payer is at Rs 110,000, and people are looking to the finance minister to raise it. More income in the pockets of consumers will boost demand for consumer goods as well as household savings for investment.
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July 6, 2009, 10:29: Stock market observers say that caution has to be maintained as sharp intra-day volatility is expected. Mixed fund inflows into the domestic equities and the global market trend will be closely monitored for further direction. Among the key local indices, the Nifty has good support around 4400 and upside till 4470-4500 levels.
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July 6, 2009, 10:28: The Sensex is up 118.52 points, or 0.79%, at 15,031.57. The NSE Nifty is up 27.00 points, or 0.61%, at 4,451.25.
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July 6, 2009, 10:21: FM not to attend post-Budget press conference. Finance Minister Pranab Mukherjee, reports say, will not participate in the customary interaction with the media after the Budget pronouncements. Thus, unlike in the past, he will not be present in the customary press conference to clarify the proposals he makes in the Budget. Instead, finance ministry bureaucrats will face questions from the media. Mukherjee had done the same thing even during the interim budget that he presented on February 16 this year. But on July 7, a full day after he presents the Budget, the finance minister will meet with industry captains. It is here perhaps that he is likely to make his first comments on the Budget.
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July 6, 2009, 10:21: Pranab Mukherjee the first finance minister to present Budgets on either side of an election and the first to do so after a quarter-century gap. When finance minister Pranab Mukherjee rises in the Lok Sabha on Monday to present the Union Budget for 2009-10, he would have earned a unique distinction. No other finance minister in independent India has presented an interim Budget before the elections and then followed that up with a regular Budget for the same year after being voted back to power.
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July 6, 2009, 10:18: With Railway Minister Mamata Banerjee announcing a feel-good, yet a slightly reform-oriented Rail Budget, Finance Minister Pranab Mukherjee too is expected to present a feel good Budget today. But will he?
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July 6, 2009, 10:17: Meanwhile, the stock market opened up, rising by over a 100 points to rule above 15,000 points. Currently, the BSE Sensex is up 107.33 points at 15,020.38, up 0.72%. The NSE Nifty is up 75.40 points at 4,424.25, up 1.73%.
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July 6, 2009, 10:14: There are a lot of expectations from the finance minister this time around. The industry and the common man are waiting with bated breath to see what Pranab unveils for them.
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July 6, 2009, 10:14: With the general polls over and the Congress-led UPA government winning the confidence of voters who voted for a stable government, the Congress has a great chance to lead the country on to the growth path. On the other hand, it has no excuse this time around for not delivering, unlike the last time around when its coalition partner, the Left, put paid to most of its reform policies. With the Left no longer around as a hurdle, the government is relatively free to take tough measures.
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July 6, 2009, 10:14: Reports suggest that the Budget is likely to propose higher Plan spending of Rs 40,000 crore, bringing the total Central government support to the Plan spending of the Centre and the states to Rs 3,25,000 crore, or 5.45% of the forecast GDP of 2009-10. This boost to Plan spending would represent the Centre’s commitment to both sustaining the fiscal stimulus and the ruling coalition’s political commitment to inclusive growth.
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July 6, 2009, 10:13: FM not to attend post-Budget press conference. Finance Minister Pranab Mukherjee, reports say, will not participate in the customary interaction with the media after the Budget pronouncements. Thus, unlike in the past, he will not be present in the customary press conference to clarify the proposals he makes in the Budget. Instead, finance ministry bureaucrats will face questions from the media. Mukherjee had done the same thing even during the interim budget that he presented on February 16 this year. But on July 7, a full day after he presents the Budget, the finance minister will meet with industry captains. It is here perhaps that he is likely to make his first comments on the Budget.
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July 6, 2009, 10:13: The middle-class and the industry are wishing for a 'dream' Budget, like the former finance minister P Chidrambaram presented in 1997-98. Given that the Congress-led UPA is on a far more firm footing than in the last 5 years, people expect a bonanza from Finance Minister Pranab Mukherjee in terms of relief in income tax and excise duties.
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Courtesy :From Rediff.com

General insurance

2009-06-30T22:16:00.000-07:00

General insurance or non-life insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance typically comprises any insurance that is not determined to be life insurance. It is called property and casualty insurance in the U.S. and Non-Life Insurance in Continental Europe.

HISTORY:

In some sense we can say that insurance appears simultaneously with the appearance of human society. We know of two types of economies in human societies: money economies (with markets, money, financial instruments and so on) and non-money or natural economies (without money, markets, financial instruments and so on). The second type is a more ancient form than the first. In such an economy and community, we can see insurance in the form of people helping each other. For example, if a house burns down, the members of the community help build a new one. Should the same thing happen to one's neighbour, the other neighbours must help. Otherwise, neighbours will not receive help in the future. This type of insurance has survived to the present day in some countries where modern money economy with its financial instruments is not widespread (for example countries in the territory of the former Soviet Union).

Turning to insurance in the modern sense (i.e., insurance in a modern money economy, in which insurance is part of the financial sphere), early methods of transferring or distributing risk were practised by Chinese and Babylonian traders as long ago as the 3rd and 2nd millennia BC, respectively. Chinese merchants travelling treacherous river rapids would redistribute their wares across many vessels to limit the loss due to any single vessel's capsizing. The Babylonians developed a system which was recorded in the famous Code of Hammurabi, c. 1750 BC, and practised by early Mediterranean sailing merchants. If a merchant received a loan to fund his shipment, he would pay the lender an additional sum in exchange for the lender's guarantee to cancel the loan should the shipment be stolen.

Achaemenian monarchs of Ancient Persia were the first to insure their people and made it official by registering the insuring process in governmental notary offices. The insurance tradition was performed each year in Norouz (beginning of the Iranian New Year); the heads of different ethnic groups as well as others willing to take part, presented gifts to the monarch. The most important gift was presented during a special ceremony. When a gift was worth more than 10,000 Derrik (Achaemenian gold coin) the issue was registered in a special office. This was advantageous to those who presented such special gifts. For others, the presents were fairly assessed by the confidants of the court. Then the assessment was registered in special offices.

The purpose of registering was that whenever the person who presented the gift registered by the court was in trouble, the monarch and the court would help him. Jahez, a historian and writer, writes in one of his books on ancient Iran:
"Whenever the owner of the present is in trouble or wants to construct a building, set up a feast, have his children married, etc. the one in charge of this in the court would check the registration. If the registered amount exceeded 10,000 Derrik, he or she would receive an amount of twice as much."

A thousand years later, the inhabitants of Rhodes invented the concept of the 'general average'. Merchants whose goods were being shipped together would pay a proportionally divided premium which would be used to reimburse any merchant whose goods were jettisoned during storm or sinkage.

The Greeks and Romans introduced the origins of health and life insurance c. 600 AD when they organized guilds called "benevolent societies" which cared for the families and paid funeral expenses of members upon death. Guilds in the Middle Ages served a similar purpose. The Talmud deals with several aspects of insuring goods. Before insurance was established in the late 17th century, "friendly societies" existed in England, in which people donated amounts of money to a general sum that could be used for emergencies.

Separate insurance contracts (i.e., insurance policies not bundled with loans or other kinds of contracts) were invented in Genoa in the 14th century, as were insurance pools backed by pledges of landed estates. These new insurance contracts allowed insurance to be separated from investment, a separation of roles that first proved useful in marine insurance. Insurance became far more sophisticated in post-Renaissance Europe, and specialized varieties developed.

Toward the end of the seventeenth century, London's growing importance as a centre for trade increased demand for marine insurance. In the late 1680s, Edward Lloyd opened a coffee house that became a popular haunt of ship owners, merchants, and ships’ captains, and thereby a reliable source of the latest shipping news. It became the meeting place for parties wishing to insure cargoes and ships, and those willing to underwrite such ventures. Today, Lloyd's of London remains the leading market (note that it is not an insurance company) for marine and other specialist types of insurance, but it works rather differently than the more familiar kinds of insurance.

Insurance as we know it today can be traced to the Great Fire of London, which in 1666 devoured 13,200 houses. In the aftermath of this disaster, Nicholas Barbon opened an office to insure buildings. In 1680, he established England's first fire insurance company, "The Fire Office," to insure brick and frame homes.

The first insurance company in the United States underwrote fire insurance and was formed in Charles Town (modern-day Charleston), South Carolina, in 1732. Benjamin Franklin helped to popularize and make standard the practice of insurance, particularly against fire in the form of perpetual insurance. In 1752, he founded the Philadelphia Contributionship for the Insurance of Houses from Loss by Fire. Franklin's company was the first to make contributions toward fire prevention. Not only did his company warn against certain fire hazards, it refused to insure certain buildings where the risk of fire was too great, such as all wooden houses. In the United States, regulation of the insurance industry is highly Balkanized, with primary responsibility assumed by individual state insurance departments. Whereas insurance markets have become centralized nationally and internationally, state insurance commissioners operate individually, though at times in concert through a national insurance commissioners' organization. In recent years, some have called for a dual state and federal regulatory system (commonly referred to as the Optional federal charter (OFC)) for insurance similar to that which oversees state banks and national banks.

Courtesy :From Wikipedia, the free encyclopedia

Secret of a happy married life

2009-06-29T02:20:00.000-07:00

Once Banta asked Santa, "What is the secret behind your happy married life?"

Santa said, "You should share responsibilities with due love and respect to each other. Then absolutely there will be no problems."

Banta asked, "Can you explain?"

Santa said, "In my house, I take decisions on bigger issues where as my wife decides on smaller issues. We do not interfere in each other's decisions."

Still not convinced, Banta asked, "Give me some examples" Santa said, "Smaller issues like which car we should buy, how much amount to save, when to visit home town, which Sofa, air conditioner, refrigerator to buy, monthly expenses, whether to keep a maid or not etc are decided by my wife. I just agree to it"

Banta asked, "Then what is your role?"

Santa said, "My decisions are only for very big issues. Like whether America should attack Iraq, whether Britain should lift sanction over Zimbabwe, whether to widen African economy, whether Sachin Tendulkar should retire etc. Do you know one thing, my wife NEVER objects to any of these".

Principal dates in the life of pop star Michael Jackson

2009-06-26T22:31:00.000-07:00

Michael Jackson, who died in Los Angeles on Thursday after suffering a cardiac arrest.
Michael Jackson

August 29, 1958: Born in Gary, Indiana.

August 1962: Singing debut with his brothers, The Jackson Five.

March 1969: First Jackson Five contract with Tamla Motown, Detroit's black-owned record label. Michael's voice propels the group onto the hit parade with "ABC" and "I'll Be There".

1970: Launch of solo career alongside that of the Jackson Five.

August 1979: Release of "Off The Wall" album, produced by Quincy Jones, which sold 11 million copies.

December 1982: release of "Thriller" album, whose seven hits included "Billie Jean" and "Beat It," pushing sales to 50 million copies worldwide.

1984: Jackson's face gets burnt during filming for a Pepsi ad.

1985: Buys ATV Music -- a company with rights to John Lennon and Paul McCartney songs -- for 47.5 million dollars.

1985: Jackson writes "We Are The World," which benefited the fight against hunger in Africa.

1987: Release of "Bad," which sold 26 million copies and marked the end of his collaboration with Quincy Jones.

1988: His autobiography "Moonwalk" comes out.

1990: Michael Jackson is seen for the first time wearing a surgical mask in public/

1992: Release of "Dangerous," which sold 22 million copies/

August 1993: A father accuses Jackson of molesting his 13-year-old son, but settles out of court/

May 1994: February 1996: marriage to Lisa Marie Presley, daughter of Elvis/

June 1995: Release of "History" album/

November 1996-October 1999: Marriage to Debbie Rowe, a 37-year-old nurse with whom he has two children, Prince Michael and Paris Michael Katherine
.
October 2001: Release of "Invincible".

July 2002: Jackson accuses record labels of exploiting artists, especially African-Americans.

November 19, 2002: Scandal after Jackson dangles his third son, nine-month-old Prince Michael II, from a Berlin hotel balcony.

January 31, 2003: Sotheby's auction house sues for non-payment of 1.7 million dollars for two paintings.

February 3: In documentary "Living with Michael Jackson" broadcast on ITV, Jackson claims never to have abused a child, merely to have shared his bed.

February: The singer's manager brings a 13-million-dollar lawsuit for back salary, which is settled out of court in June.

November 18: Police raid Jackson's Neverland ranch in California as "Number Ones" album is released.

November 19: Warrant issued for Jackson's arrest on several counts of child molestation.

November 20: Jackson is arrested and handcuffed after surrendering to police, held briefly then released on bail.

December 18: Michael Jackson is formally charged with child molestation.

January 16, 2004: Jackson pleads not guilty during his first appearance amid a media circus.

January 31, 2005: Michael Jackson trial begins with jury selection.

February 28, 2005: Opening arguments begin in trial.

June 4, 2005: Jurors begin considering their verdict.

June 13, 2005: Jackson acquitted on all charges against him.

March 5, 2009: Jackson announces series of comeback concerts in London -- billed as the "final curtain" -- his first major shows for more than a decade.

May 20, 2009: Jackson delays comeback shows. Concert organizers say singer's

health is "fantastic".

June 25, 2009: Jackson dies in Los Angeles.

The KING of POP

2009-06-25T22:07:00.000-07:00

Michael Jackson died today, he was 50 years old. Michael Jackson was the greatest
performer who ever lived and has left the world a better place. 25th June 2009

Microsoft offers $250,000 to fight worm creator

2009-06-22T21:53:00.000-07:00

Microsoft is offering $250,000 for information leading to the arrest and conviction of the person or group responsible for the spread of virus software Conficker.

The Software giant partnered with Internet registries and DNS providers such as ICANN, ORG, and NeuStar as well as security vendors Symantec and Arbor Networks.

"By combining our expertise with the broader community, we can expand the boundaries of defense to better protect people worldwide," said George Stathakopoulos, general manager of Microsoft's Trustworthy Computing Group.

But questions are arising as to whether these steps would stop malicious or software viruses from birth. This is not the first time that Microsoft has offered reward for the capture of internet criminals.

In 2003 and 2004 the company put up $500,000 for the conviction of the author of the Blaster and Sobig worms and paid $250,000 to a group of German students whose classmate, Sven Jaschan, was the author of the Sasser and Netsky worms.

Now the conficker creator is in the middle of spinning walls and if they are not going to stop from this it just only means that the creator was not small time fish or a student. From this then the birth of a cyberwarfare is just around the corner.

Simple Way to Explain Subprime Crisis

2009-06-21T22:06:00.000-07:00

Have you heard about subprime crisis in U.S? Do you know what is it? Do you know why it happens? This article provides a very simple explanation of subprime crisis especially for those non-financial people or economist.

It was a very hot issue that has been discussed over the last year. I tried to search around the web to get more information about this subprime crisis in U.S. but all those explanations were too difficult for me to understand. So, this article is to simplify the explanation of subprime crisis which appears to be a very complex thing. I did this on my own research based on my understanding. You can verify whether my understanding is correct or not.

What is Subprime Mortgage?

First of all, we need to understand what subprime means. By dictionary, “Subprime” is an adjective relating to or for people with a poor credit rating. Simply says, if you never clear your credit card balance monthly, you have a poor credit rating. A poor credit rating people are disqualified to apply for conventional mortgage or loan application. They’re disqualified because they have higher risks that they are not able to make the loan payment due to their poor credit history. Bank is very clever. They come out a special type of loan to these poor credit rating people. This loan or mortgage is called “Subprime Mortgage” or “Subprime Loan”.

Why Banks Want Subprime Mortgage?

Why banks (subprime lenders) want to lend money to those who have bad credit history? They may not even able to payback the bank. But still, why they want to do that? Yes, you got it. It is all related to money. The banks are also greedy and they want to earn more. The main reason why the banks want to do this is they predict the value of the property will be going up. So they increase the mortgage interest rate (higher than the conventional loan) and they call it a subprime mortgage. They earn more with the higher mortgage interest rate and just in case the borrowers can’t continue the payment, they still can sell the houses with higher value due to the property appreciation.

To further reduce the risks and to get more loans (earn more money by loan interest), the banks repackage all mortgages into an investment product and sell it to financial institutions in all over the world (not just in U.S). This is now not only between banks and borrowers get involved in this subprime mortgage but also all the financial institutions around the world. You may ask why they want to invest in this high risk product (pool of subprime mortgage)? One reason, they believe that the property value will go up.

What happen to subprime borrowers?

They buy the house only for one reason which is expecting value of the houses to go up and they earn from the property appreciation. They can rent out their house with higher value or they can sell the house with higher value. All the debts they had previously can be easily paid off. Because house prices had increased so rapidly in the past few years, paying back the loan payment is not a problem at all. The borrowers also refinance their loan at more favourable terms due to they no longer have a bad credit rating history.
Can you see that? Everybody wins! Borrowers, banks and financial institutions are eating the same cheese happily and the cheese is “property appreciation”. Yummy, yummy!

When and Why Crisis Happens?

I think you should be able to guess it by now when the crisis will happen. Everybody enjoys the same cheese, if the cheese is gone, what happen? Crisis happens. It is that simple. When the house or property values drops, the cheese is gone. Everybody wins now becomes everybody loses!

When demand is more than supply (everyone wants to buy house), the property values went up like crazy. Until one day, when it becomes much more expensive to borrow, less people could afford to buy a house. As there were not as many buyers, the real estate market begin to cool down and house prices begin to fall.

When the house prices begin to fall, the subprime borrowers are going to suffer. Not only they’re not able to pay their existing debt, they are stuck having to pay a much larger mortgage payment. This causes many of these borrowers to not be able to make their house payment.

So for the financial institutions, they are going to lose their money that they invested because the borrower are not able to pay the loan payment. On the other hand, banks have a very big problem also because they rely on this these financial institutions to invest in the pool of mortgages investment product. Financial institutions no longer wants to invest and do not trust the bank anymore. If no wants want to buy them, where the banks get the money to offer the loans?

They bank also suffer from the lost for those borrowers who failed to make payment. As a result, the banks increase the mortgage interest rate to cover loses and hopes that borrowers (who afford to pay) can pay more. Sadly, the effect is opposite and this even makes the conditions worst. More and more borrowers failed to pay their monthly loan payment due to the interest rate increases. Crisis happens! Everyone suffers!

Conclusion

Subprime crisis happens because everyone predicts the property value will appreciate over time. The economy now is no longer as simple as in 30 years ago where we can predict the future with certain of accuracy. Future is getting harder and harder to be predicted for the coming years. What it next? It is really unknown.

Therefore the impact of this crisis is still has a lot of uncertainty. Will it causes another economy recession in U.S since 2000? Will this affect other countries? This is another huge topic to be discussed. Anyway, I hope this post is making sense and give you a little bit general idea on this subprime mortgage crisis in U.S.
[Updated - 20 Jan 2008]
Check out the latest news of the effect of the subprime crisis - Citigroup loses almost $10B

LETS SEE - HOW BRILLIANT ARE YOU ???

2009-06-20T01:34:00.000-07:00

Test yourself with these thinking exercises. Don't be lazy. Try hard to figure these out before you look! It'll be a lot more satisfying.

Q> There is a man who lives on the top floor of a very tall building. Everyday he gets the elevator down to the ground floor to leave the building to go to work. Upon returning from work though, he can only travel half way up in the lift and has to walk the rest of the way unless it's raining! Why?

This is probably the best known and most celebrated of all lateral thinking puzzles. It is a true classic. Although there are many possible solutions which fit the initial conditions, only the canonical answer is truly satisfying.

For Perfect Answer plz follow the blog daily

Neurological test

2009-06-19T01:02:00.000-07:00

I passed all 3....

This is a REAL neurological test. Sit comfortably and be calm.

1- Find the C below. Do not use any cursor help.

OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOCOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

2- If y ou already found the C, now find the 6 below.

9999999999999999999999999999999999999999999999999999999999999999
9999999999999999999999999999999999999999999999999999999999999999999
9999999999999999999999999999999999999999999999999999999999999999999
9999699999999999999999999999999999999999999999999999999999999999999
9999999999999999999999999999999999999999999999999999999999999999999
9999999999999999999999999999999999999999999999999999999999999999

3- Now find the N below. It's a little more difficult..

MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMNMMMM
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM
MMMMMMMMMMMMMMMMMMM

This is NOT a joke.
If you were able to pass these 3 tests, you can cancel your annual
visit to your neurologist.
Your brain is great and you're far from having Al zheimer Disease.
Congratulations!

OBAMA VS CHIDAMBARAM- HILARIOUS

2009-06-10T00:43:00.000-07:00

How Obama can strengthen ties with India

Obama:- Is your country safe?
Chidambaram:-Yes PAPA 100%.
Obama:- What is the capital of your country.
Chidambaram:- Its Chennai, PAPA.
Obama:- Who is the PM of your country.
Chidambaram:- Mammi(Soniya Gandhi).
Obama(surprised):- Mammi? Who is that Sardar than?
Chidambaram:-He is a defected ROBOT,only listen.
Obama:- what are your future plans as HM?
Chidambaram:- PAPA,I dont have any work.so going underground for next 5 years.
Obama:- Dont attack Porkistna.
Chidambaram:- YES PAPA
Obama:- Leave Abdul Kasab.
Chidambaram:- YES PAPA.
Obama:- Allow Guests (Terrorist) to India.
Chidambaram:- YES PAPA.
Obama:- Do some development in your country(India).
Chidambaram:- NO PAPA.

Mail sent by Narayan Murthy to all Infosys staff

2009-06-07T22:26:00.000-07:00

Here is the Mail sent by Narayan Murthy to all Infosys staff:

It’s half past 8 in the office but the lights are still on…
PCs still running, coffee machines still buzzing…
And who’s at work? Most of them ??? Take a closer look…

All or most specimens are ??
Something male species of the human race…
Look closer… again all or most of them are bachelors…
And why are they sitting late? Working hard? No way!!!
Any guesses???

Let’s ask one of them…
Here’s what he says… "What’s there 2 do after going home…Here we
get to surf, AC, phone, food, coffee that is why I am working
late…Importantly no bossssssss!! !!!!!!!!! "
This is the scene in most research centers and software companies
and other off-shore offices.
Bachelors "Time-passing" during late hours in the office just bcoz
they say they’ve nothing else to do…

Now what r the consequences. ..
"Working" (for the record only) late hours soon becomes part of the
institute or company culture.
With bosses more than eager to provide support to those "working"
late in the form of taxi vouchers, food vouchers and of course good
feedback, (oh, he’s a hard worker… goes home only to change..!!).
They aren’t helping things too…

To hell with bosses who don’t understand the difference
between "sitting" late and "working" late!!!
Very soon, the boss start expecting all employees to put in extra
working hours.
So, My dear Bachelors let me tell you, life changes when u get
married and start having a family… office is no longer a priority,
family is… and

That’s when the problem starts… b’coz u start having commitments
at home too.
For your boss, the earlier "hardworking" guy suddenly seems to
become a "early leaver" even if u leave an hour after regular
time… after doing the same amount of work.

People leaving on time after doing their tasks for the day are
labeled as work-shirkers. ..
Girls who thankfully always (its changing nowadays… though) leave
on time are labeled as "not up to it". All the while, the bachelors
pat their own backs and carry on "working" not realizing that they r
spoiling the work culture at their own place and never realize that
they wuld have to regret at one point of time.

*So what’s the moral of the story?? *
* Very clear, LEAVE ON TIME!!!
* Never put in extra time " *unless really needed *"
* Don’t stay back un-necessarily and spoil your company work culture
which will in turn cause inconvenience to you and your colleagues.

There are hundred other things to do in the evening..
Learn music…
Learn a foreign language…
Try a sport… TT, cricket….. …
Importantly Get a girl friend or boy friend, take him/her around
town…
* And for heaven’s sake net cafe rates have dropped to an all-time
low (plus, no fire-walls) and try cooking for a change.
Take a tip from the Smirnoff ad: *"Life’s calling, where are you??"*

Please pass on this message to all those colleagues And please do it
before leaving time, don’t stay back till midnight to forward this!!!

IT’S A TYPICAL MENTALITY THAT WORKING FOR LONG HOURS MEANS VERY HARD
WORKING & 100% COMMITMENT ETC.

PEOPLE WHO REGULARLY SIT LATE IN THE OFFICE DONT KNOW TO MANAGE
THEIR TIME. SIMPLE !

Regards,

NARAYAN MURTHY

Enjoy Your Life

2009-06-05T05:11:00.000-07:00

What is the Secret of SUCCESS? "RIGHT DECISIONS"
How do you make Right Decisions? "EXPERIENCE"
How do you get Experience? "WRONG DECISIONS!"

Dr. ABDUL KALAM