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EPF rate still @ 8.5% (2009-10)

noreply@blogger.com (Vishnu) — Mon, 06 Jul 2009 09:59:00 +0000

EPFO has maintained the interest rate for 2009-10 on EPF funds at 8.5%. ( EPF- Employee Provident Fund - normal 12% deducted from basic + 12% employers contribution)

If you are a person who looks at stocks as very volatile and are looking for good fixed income returns, increase your EPF contribution ( Voluntary contribution which most of the employers allow). This would ensure that your money earns a tax free return of 8.5%. With the declining Fixed deposit rates , this seems to be a good option. Fixed deposit returns have almost come down below 8% (with a slightly downward potential). Again , your Fixed deposit interest is not tax free. PPF with 8% tax free return would be the next best option to consider for , if you are not keen /able to increase your EPF contribution. Both of these investments (EPF/PPF) can get you deductions under 80C ( upto 1 lakh) and generate a handsome tax free return.

No entry load on Mutual fund investments

noreply@blogger.com (Vishnu) — Mon, 06 Jul 2009 09:31:00 +0000

Now MFs cannot charge entry load even if you make investment through a distributor.( Directive of SEBI -- news ). This is definitely a good news for investor. But there would be lesser motivation for the distributors to promote mutual fund investments.
If the investments are made through

distributors or through online trading sites ( that have this facility), no entry load would be payable. But the continuation of such services by distributors or service portals without any commission needs to be seen.
This is definitely a good news for the retail investors.

Chemcel Biotech Limited IPO Information

noreply@blogger.com (Vishnu) — Mon, 15 Dec 2008 19:04:00 +0000

ncorporated in 1995, Chemcel Biotech Limited is in the business of manufacturing of Agro Chemicals. Company’s main products are in three forms i.e. liquids, granules and dusts. Chemcel Biotech has CIB registrations for 34 products to manufacture pesticides for crops i.e. Paddy, Cotton, Sugarcane, Turmeric, Chillies, Pulses, Vegetable etc.

They have 34 products in their product portfolio which consists of different kind of insecticides. Chemcel Biotech manufacture various formulations comprising of liquids, granules and powder formulations

Company's products are available in various sizes of packaging catering to the needs of small, marginal and large farmers. Compant's product range covers most of the crops and majority of plant infections. They provide end to end plant protection solutions to farmers through their distributors.

They have certificate of registrations for 34 formulations. Company's largest selling formulations are CHEMCEL HEXA; COUNTER; COSY; CELPHATE”. Company has set up production unit at Kanuru, Vijayawada, Andhra Pradesh for production of a wide range of pesticides. which is very close to rice belts of Krishna & Godavari districts, and commercial belts of Guntur and Khammam.

Company’s main products are in three forms viz., Liquids, granules and dusts. Individual capacities of these products are as under:

* Liquids 1000 KL/per year
* Granules 1000 MT/per year
* Dusts 300 MT/per year

Objects of the Issue:

1. The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital: To set up Bio-Diesel manufacturing unit;
2. To meet the additional Working Capital requirement on account of increased operations for the Agrochemical & Bio Fertilizer division;
3. To repay short term loan of Rs 120.00 Lakhs availed from Union Bank of India for meeting the project expenses;
4. To partially repay the working capital loan facility availed from Union Bank of India;
5. To meet the public issue expenses;
6. To achieve the benefits of listing our Company’s shares on Bombay Stock Exchange Limited (BSE).

Chemcel Biotech Limited IPO Information:

* Public Issue Open: September 09, 2008 to September 12, 2008
* Public Issue Type: Fixed price
* Public Issue Size: 1,54,00,000 Equity Shares of Rs. 10/-
* Face Value: Rs. 10/-
* Public Issue Price: Rs 16/-
* Maximum Subscription Amount for Retail Investor: Rs 100,000/-
* Listing: BSE
* Lead Manager: AllBank Finance Ltd
* Registrar: Bigshare Services Private Ltd (Ph: +91-22-28473747Email: bigshare@bom7.vsnl.net.in)

Courtesy: chittorgarh.com

Alkali Metals Limited IPO Information

noreply@blogger.com (Vishnu) — Mon, 15 Dec 2008 19:02:00 +0000

Incorporated in 1968, Alkali Metals Limited is a Hyderabad based manufacturer of sodium derivatives, pyridine derivatives and verity of fine chemicals. Products in these categories include amides, hydrides, alkoxides, azides, tetrazoles, pyridine compounds, cyclic compounds, drug and pharma intermediates, specialty fine chemicals etc. Apart from the above, Alkali has developed 246 products in the aforesaid categories.

Company has two manufacturing facilities. Both of these facilities are ISO 9001: 2000 and ISO 14001:2004 certified with combined installed capacity of 4,400 MTPA.

Being more then 35 years old, company has list of long term clients specially in the field of Petrochemicals, Chlor- Alkali & Inorganic chemicals, Organic chemicals, Paints and dyes, Fine and specialties and Agrochemicals. Company’s top three customer’s account for 18.16% of its turnover for the FY 2008 and top 10 customers account for 42.81% of its turnover.
Objects of the Issue:

1. The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital: Setting up of an Active Pharmaceutical Ingredients (API) plant at Jawaharlal Nehru Pharma City at Visakhapatnam with an installed capacity of 672 MTPA;
2. General Corporate Purposes.

Alkali Metals AML IPO Grading / Rating

ICRA has assigned an IPO Grade 2 to AML IPO. This means as per ICRA, company has below average fundamentals. ICRA assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
Alkali Metals Limited IPO Information

»» Public Issue Open: October 07, 2008 to Oct 15, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 2,550,000 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 86/- to Rs 103/-
»» Market Lot: 65 Shares
»» Minimum Order Quantity: 65 Shares
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager: Saffron Capital Advisors Private Limited
»» Registrar: Cameo Corporate Services Ltd (Ph: 44 2846 0390/1948 Email: cameo@cameoindia.com)

NSE Notice (Posted on Friday, Oct 10 2008): Book Running Lead Manager to the issue has informed the Exchange that the Book Building issue of ALKALI METALS LIMITED will close on Oct 15, 2008 instead of the earlier closing day on Oct 10, 2008. Further price band has revised from Rs 90 /- to Rs 105 /- per share to Rs 86 /- to Rs 103 /- per share.

Courtesy: Chittorgarh.com

CNBC TV18 Live TV

noreply@blogger.com (Vishnu) — Mon, 15 Dec 2008 17:41:00 +0000

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noreply@blogger.com (Vishnu) — Mon, 15 Dec 2008 17:39:00 +0000

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Watch Live TV - CNN IBN

noreply@blogger.com (Vishnu) — Mon, 15 Dec 2008 17:34:00 +0000

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Indian economy grows by 7.6% in Q2, FM terms it satisfactory

noreply@blogger.com (Vishnu) — Mon, 15 Dec 2008 16:09:00 +0000

New Delhi, (PTI) Services and construction sectors helped the Indian economy expand at 7.6 per cent in the second quarter of the current fiscal, prompting government to term the growth as "healthy and satisfactory" even though it was the lowest in any three-month period in the last four years.

The economic growth, as measured by expansion in Gross Domestic Product (GDP), may be seen as slowing down as it clocked a 9.3 per cent a year ago, but it was much better than expected by many analysts, given the global financial meltdown.

"This is a satisfactory and healthy growth rate having regard to global slowdown," Finance Minister P Chidambaram told reporters.

For the second half, the economy registered a 7.8 per cent growth rate, compared with 9.3 per cent a year ago, much in line with official projections for 7-8 per cent for the fiscal.

However, analysts said services, which came to the aid of the economy, are expected to slow down in the coming quarters and the Reserve Bank (RBI) and the government must come out with some stimulating measures to perk up the economy.

"Going forward the services sector is likely to slow down, particularly the hotel construction and transport," Crisil Principal Economist D K Joshi said.

Moody's economy.Com said the government and the RBI should come out with stimulating measures to induce growth.

While construction sector grew by 9.7 per cent in the second quarter from 11.8 per cent a year ago, services sectors displayed similar pattern of high growth, though slightly slower than last year.

However, manufacturing grew by just five per cent in the second quarter from 9.2 per cent a year ago and halved to five per cent in the second half from robust 10.9 per cent.

Chidambaram admitted that manufacturing sector remains a problem area. PTI

Courtesy: ptinews.com

Healthcare: India needs 60,000 crore Rs by 2013!

noreply@blogger.com (Vishnu) — Mon, 15 Dec 2008 16:01:00 +0000

India needs an investment of up to Rs 60,000 crore (Rs 600 billion) over the next five years to meet demands in the healthcare sector alone, according to a consultancy firm Feedback Ventures.

"Currently, there are 1.5 beds available for every 1,000 people, while the global average stands at 3.3 beds per 1,000 persons.

An investment of Rs 40,000 to Rs 60,000 crore (Rs 400-600 billion) will be required over the next five years to maintain the Indian average looking at the population growth," FeedBack Ventures President (Infrastructure Advisory Division) Monika Sood told reporters in New Delhi.

She said about 80 per cent of the required funding were expected to come from private sector as government alone could not meet it, adding India required an addition of 30,000 beds annually to maintain the current average.

"High gestation period (of 3-4 years at least) of operating a hospital and making profits make the sector difficult for private equity," she added.

Short-term investors would not like to invest in such ventures as it takes at least 3-4 years before the hospital starts making profit. The cost of equipment upgradation, especially for tertiary hospitals is high, Sood said.

However, there has been an increase in the number of private players coming in the healthcare sector either independently or through private public partnership model.

"Private players have realised that the sector is lucrative and have set up hospitals in the metros. The next phase of their growth will come in from the tier II cities like Jaipur, Cochin and Dehradun," she said.

Asked about the impact of the slowdown, Sood said, "There has definitely been an impact as far as investments are concerned. Expansion plans might have been put on hold, but the sector is definitely looking good as healthcare is something not easily affected by recession."

Courtesy: inhome.rediff.com

No evidence of manipulation of ICICI Bank share price: SEBI

noreply@blogger.com (Vishnu) — Mon, 15 Dec 2008 16:00:00 +0000

Our Bureau

Mumbai, Nov. 20 Investigations carried out by the capital markets regulator show no evidence of manipulation in the share prices of ICICI Bank, said a news release from SEBI.

The bank had in September sought an investigation by SEBI into its share price movement, alleging that rumours were being spread about the bank to deliberately bring down its stock price. The ICICI scrip had started to tank on news of its exposure to Lehman bonds, and although the bank’s CEO had announced that its fundamentals were sound, the fall was not arrested.

SEBI analysed the trading pattern of the shares of ICICI Bank for the period September 8 to October 10, 2008 when the scrip fell 49.52 per cent, from Rs 720 to Rs 363.65.

“SEBI did not find evidence of manipulative trading in the ICICI Bank shares during the period referred,” said the release.

“None of the major sellers were observed to be placing orders successively at lower price. Also there was no pattern observed of booking intraday profits by major clients or brokers during this period.

“By and large, the trading patterns are consistent with the shareholding pattern of ICICI with predominant holdings by FIIs, the general buying and selling behaviour by FIIs and the broad movements of the market during this period.” When contacted, an ICICI Bank spokesperson declined to comment on the SEBI release.

The top 20 investors in ICICI Bank both on net buy and sell basis in the cash market show that majority of them were FIIs. (While 14 FIIs and four mutual funds were net buyers, 17 FIIs and two mutual funds were net sellers.)

FIIs have reduced their holding in ICICI Bank between the quarter ended on June 30 and September 30 by around 3 per cent, from

SEBI also found that the prices of ICICI Bank’s American depository receipts (ADR) fell more (53 per cent) than the shares of ICICI Bank in the Indian market during the period of investigation.

The underlying shares against ADR held by Global Custodian also show a fall of around 20.5 million shares during the period representing January 1, 2008 to September 30, 2008 indicating an increase in the shares available in the Indian market, said SEBI.
Courtesy: thehindubusinessline.com

Top 10 Companies lose Rs 30000 crore in m-cap in a week

noreply@blogger.com (Vishnu) — Mon, 15 Dec 2008 15:58:00 +0000

MUMBAI: Even as four companies, including State Bank of India (SBI), managed to add to their market capitalisation (m-cap) amid high volatility on bourses, the elite club of country’s top 10 companies saw their valuations tumble by a whopping Rs 30,000 crore in just one week.

The 10 firms, comprising six from public sector and four private sector entities, together lost Rs 30,474 crore in m-cap for the week ending November 21. At the end of Friday’s trade, the total market value of the 10 most-valued firms stood at Rs 9,50,253 crore, down from Rs 9,80,727 crore a week ago.

Among the losers, state-run mining giant NMDC declined the most, shedding Rs 11,874 crore in valuation, followed by another public sector company MMTC, which saw a fall of Rs 8,605 crore in m-cap. Telecom giant Bharti Airtel witnessed substantial decline in its valuation, dropping Rs 5,890 crore.

Mukesh Ambani-led Reliance Industries’ market value dropped by Rs 3,336 crore, accounting for nearly 10% of the total losses incurred by the 10 companies. On the other hand, apart from SBI, two other public sector entities — NTPC and BHEL — and private sector player ITC added to their market valuation.

While SBI added Rs 828.52 crore to its m-cap, NTPC gained Rs 824 crore. Further, ITC and BHEL saw their valuation rising by Rs 170 crore and Rs 56 crore, respectively.

Weak global cues and heavy selling pressure battered the benchmark Sensex this week, with the 30-share index losing 470 points. However, the Sensex snapped its losing streak on Friday and closed at 8,915.21 points.

Courtesy: economictimes.indiatimes.com

Stimulating Sensex rises 8% In India Market

noreply@blogger.com (Vishnu) — Mon, 15 Dec 2008 12:30:00 +0000

For the week, Nifty surged 207 points or 7.6% to close at 2,921 and Sensex rose 730 points or 8.1% to close at 9,695.

The bulls staged an impressive comeback with the RBI announcing a 100 bps reduction in the repo and reverse repo rates last week. Sentiment further improved after the government unveiled a Rs307bn fiscal stimulus package. This comes on the heels of Rs5/lt and Rs2/lt cut in petrol and diesel prices. The government also plans to accelerate clearances required for infrastructure projects, thus translating into Rs100bn worth of investments. The NSE Nifty surged 207 points or 7.6% to close at 2,921 and the BSE Sensex rose 730 points or 8.1% to close at 9,695 over the week to an extent shrugging off the gloomy IIP data and negative global cues

The BSE benchmark Sensex hit an intra-week high of 9,746.01 and low of 9,095.75. While the NSE Nifty index hit an intra-week high of 2,945.30 and low of 2,714.70.

The Foreign Institutional Investors FII’s purchased stocks worth Rs19.47bn during the week and the Domestic Institutional Investors DII’s sold stocks worth Rs2.79bn during the week.

The top gainers: The top gainers in the Sensex were DLF (up 28.8%), Reliance Infrastructure (up 17.9%), Tata Steel (up 16.3%), Grasim (up 16.1%) and ACC (up 15.2%).

The top losers: The top losers in the Sensex were TCS (down 12.1%), Dr Reddy's (down 7.3%), Infosys (down 7.2%), Cipla (down 4.7%) and ONGC (down 4.4%).

The Realty Sector (up 25%): The realty index was the top gainer during the week following monetary and fiscal stimulus provided by the RBI and government. The top gainers in the real estate space were Anant Raj Industries (up 31.3%), DLF (up 29.8%), Peninsula Land (up 23.5%), HDIL (up 18%), Ansal Properties (up 13.9%).

The Metals sector (up 13%): The metal stocks also were in demand after government announced a 4% cut in excise duty. The top gainers in the metal space were Lloyds Metals (up 19.8%), Sunflag Iron (up 18.3%), Tata Steel (up 16.3%), Jindal Steel (up 15.6%) and Adhunik Metaliks (up 14.9%).

Among the major losers were Bhushan Steel (down 9.5%) and Monnet Ispat (down 0.3%).

The BSE Oil & Gas Index (up 12.1%): The top gainers in the oil & gas space were MRPL (up 15.4%), Essar Oil (up 14.8%), RPL (up 13.9%), Reliance Industries (up 13.1%) and Gujarat NRE (up 12.2%). Reports suggest that oil prices may be deregularized.

The top losers were Great Offshore (down 5.2%), ONGC (down 4.4%), BPCL (down 3.1%), IOC (down 2.8%) and HPCL (down 0.5%).

The BSE Banking Index (up 7.6%): The banking stocks were in momentum during the week after RBI announced a 100 bps reduction in the repo and reverse repo rates last week. The top gainers in the banking space were ICICI Bank (up 11.1%), BOI (up 9%), Yes Bank (up 8.4%), IOB (up 6.8%) and Federal Bank (up 5%).

Top losers were OBC (down 0.7%), Canara Bank (down 0.5%).

A drop in food products and primary articles led to Inflation further cooling to 8.00% in the week ended Nov. 29 versus 8.4% in the previous week. The index for fuel, power, lubricants, lights and manufactured products remained unchanged.

The BSE Capital Goods Index (up 6.2%): The capital good stocks ended with smart gains despite a poor IIP data released on Friday. India’s industrial production fell for the first time in 10 years. Output at factories, utilities and mines was at a negative 0.4% in October from a year earlier after a revised 5.45% gain in September. Market has expected an increase of 2.1%. IIP last declined in output in April 1993.

The top gainers in the capital goods sector were Usha Martin (up 46.6%), Gammon India (up 36.8%), Crompton Greaves (up 31%), Thermax (up 20.2%), Greaves Cotton (up 16.3%).

The top losers were Astra Microwave (down 3.9%), ABB (down 3.1%), Dredging Corp (down 3.1%) and Heg (down 0.6%).

The BSE Auto Index (up 6%): The top gainer in the auto space was Bajaj Auto. The stock was up by over 27.2%. Among the other major gainers were M&M (up 14.4%), Punjab Tractors (up 14%), Maruti Suzuki (up 5%) and Hero Honda (up 3.6%).

The top loser was Ashok Leyland; the stock slipped 5.2% during the week.

Internationally, a US$14bn bailout deal to aid the struggling U.S. automakers collapsed in the Senate as a dispute over union wages derailed a compromise between Republicans and Democrats.

The BSE IT Index (down 2.7%): The BSE IT index was the top loser during the week on concerns that lower technology budgets would cut revenues for Indian software developers.

TCS was among the major loser. The stock was down 12.1%. Among the other losers were, HCL Tech (down 10.9%), Financial Technologies (down 9.3%), Mphasis (down 8.9%), Infosys (down 7.2%), Oracle Financial (down 4.7%), Satyam (down 4.1%) and Patni (down 2.5%).

However, Sasken Communication gained 5.7% and Wipro rose 3.8%.

The BSE Healthcare Index (down 0.6%): The top losers in the pharma space were Glenmark Pharma (down 14.3%), Cadila (down 9.4%), Lupin (down 7.5%), Dr Reddy's (down 7.3%) and Cipla (down 4.7%).

On the other hand, among the major gainers were Aurobindo Pharma (up 30.2%), Matrix Labs (up 22.1%), Marksans Pharma (up 8.7%), Sun Pharma (up 7.1%) and Orchid Chemical (up 6.6%).

The BSE Consumer Index: The top gainers in the consumer durables were Blue Star (up 3%), MIRC Electronics (up 2.7%) and Videocon Industries (up 1.4%). However, the top loser was Titan Industries (down 1.6%).

The Cement Sector: The largest gainers in the cement space were Mangalam Cement (up 30%), Shree Cement (up 28.8%), Gujarat Sidhee (up 25%), Prism Cement (up 21.6%) and Ultratech Cement (up 21.1%).

The Telecom Sector: The top gainer in the telecom space was RCom. The stock rallied by over 26.3% after reports stated that international telecom majors were seeking to pick up around 20-26% stake in the company.

Among the other major gainers were, Tata Communication (up 16.7%), Idea Cellular (up 12.8%), WWIL (up 11.8%), Gemini Communication (up 11.4%).

MTNL also advanced by 1.3% after the company announced that it launched India’s first 3G services.

Courtesy: indiainfoline.com

10 biggest falls of the Sensex

noreply@blogger.com (Vishnu) — Mon, 15 Dec 2008 12:23:00 +0000

The Bombay Stock Exchange benchmark Sensex sank by 951 points on black Monday on panic selling by funds, triggered by weak global cues. Similarly, the wide-based National Stock Exchange's index Nifty dropped by 243 points to 4,503.

The government meanwhile said that Indian stock markets are taking cues from the United States and Asian markets, even though the sub-prime mortgage crisis has only moderately impacted the credit and financial flows into the country.

The 10 largest falls of the Sensex

1. Jan 21, 2008 --- - 1,408.35 points

2. Mar 17, 2008 --- - 951.03 points

3. Mar 3, 2008 ---- - 900.84

4. Jan 22, 2008 --- - 875.41 points

5. Feb 11, 2008 --- - 833.98 points

6. May 18, 2006 --- - 826.38 points

7. Mar 13, 2008 --- - 770.63 points

8. Dec 17, 2007 --- - 769.48 points

9. Oct 17, 2007 --- - 717.43 points

10. Jan 18, 2007 --- - 687.82 points

"The sub-prime mortgage market crisis will not directly affect us, because except one private sector bank, which has made its exposure, none of our public sector banks has any exposure to sub-prime mortgage market," Finance Minister P Chidambaram said in his reply to a debate on the Budget 2008-09 in Rajya Sabha.

"But, when crisis moved from sub-prime mortgage market to housing market, and now housing market to the credit market, there is impact upon India. There is impact in terms of credit flows and financial flows. But, at the moment, I believe that impact is second order impact and a moderate impact," he said.

As regards the stock markets, they take cues from developments in the US and Asian markets, he added. "In fact, we now have to track what is happening in Asian markets. Hong Kong, Tokyo and Shanghai open before Indian market opens, and if you watch closely, you will find what is happening in Asian markets is impacting the Indian stock market," he said.

Source : rediff.com

Start Trading

noreply@blogger.com (Vishnu) — Mon, 08 Dec 2008 12:01:00 +0000

After Completing All Things I Said Now You HAVE

1) A Demat Account
2)A Trading Account In Any Broker + The Trading User name And Password + Trading Software.
3)An Internet Connection Is Need For Online Trading So..

Now You Wand A Deep Knowledge About Indian Economy Also About the Company ......

You Can Grab This Things From Internet Or News Paper

I Know Something ....

I Search About the rapid Growth Of Indian Economy

The economy was boosted by growth in the tourism and financial sectors, and a strong manufacturing performance Agriculture drive,Foreign competition are the main sources ,
Now We have Over 1500 core and above foreign currency (Foreign direct investment)
These Are The Major Reason For The Rapid Growth Of Indian Economy ....

Population is The One Of The Major Power of India . 16.7 % Of Total Population In The World Is In India.

Also India Have More Teenagers having Very High Education Also More Professionals In All oVer the world

In a MNC Most Of The Indians Are In Good Post Also They Are The Many Source Of foreign currency.

After Independents India is in Socialism but after the external balance crisis India Changed.
By Accepting External fashions in economy . This Create more Job Opportunity's...

IN Goldman Sachs report on India overtaking US by 2050.

It may sound incredible but does not seem impossible....bigger miracles have happened...A recently released Goldman Sachs report claims that not only will India be a superpower soon but will overtake the US of A by 2050. Some excerpts...

Productivity growth will help India sustain over 8% growth until 2020 and
become the second largest economy in the world, ahead of the US, by 2050,
Goldman Sachs has said, scaling up estimates of the country's prospects in its
October 2003 research paper widely known as the BRICs report. The original
report had projected that India's GDP would outstrip Japan's by 2032 and that in
30 years, it would be the world's third largest economy after China and the US.
The new report goes one step further by moving India up from No. 3 and No. 2 in
the global sweepstakes of tomorrow.

For the full article, go here..

The Times of India also gets some interesting reactions from people all over the world about the report...One of them, about previous Goldman Sachs reports, is particularly interesting...

This report needs to be taken with a pinch of salt. In 1977 a news article
claimed that India was headed for utter destruction by 2000. The report claimed
that the way India was going on, it would soon become a military dictatorship.
The reporter obviously had no idea of the IT revolution that was to come. By
2000, India was looking better than ever, and now in 2006, it is being touted as
the next superpower. The point that I am trying to make is that it is impossible
to predict what's going to happen 50 years from now. The economists base their
predictions on what is happening today and simply extrapolate today's growth.
But history is littered with failed predictions, which means you can never be
sure of what is going to happen. A war with China/Pakistan, or US/China war or a
war in the Middle East could turn the whole world upside down.
Murtuza USA

Ok now You Thinking About The Indian Economy Ok Stop !
Search And Find The Details About The Indian Company And Make A list Of them You Wish to invest .....

How To Applay For A Pan Card ?

noreply@blogger.com (Vishnu) — Mon, 08 Dec 2008 11:53:00 +0000

Permanent Account Number (PAN)

Permanent Account Number (PAN) is a number which is used by Income Tax Department as an identification of a person. Through this number income tax department can get every information about the assessee.

It is a 10 digit alphanumeric number which is printed on a laminated card, known as PAN card along with other details like PAN number, name of applicant, father's name, date of birth and passport size photo.

(PAN number is taking place of General Index Registrar (GIR) Number. GIR number is given by an assessing officer to assessee which also contain details of assessing officer.)

Under section 139A of Income Tax Act, 1961, PAN number is required for following persons:

* Whose total annual income is more than the amount which is not chargeable under income tax act
* Whose income through business or other profession is more than Rs. 5 lakhs
* Who is filling income tax return

PAN is necessary in case of following transactions :-

* Filing income tax return
* Any correspondence with income tax department
* Submitting challans for payment of any tax to the department
* At the time of verifications of identity of assessee in income tax department

Fore More Details Go To http://www.incometaxindia.gov.in/PAN/Overview.asp

How to start online trading in india ?

noreply@blogger.com (Vishnu) — Mon, 08 Dec 2008 11:02:00 +0000

How to Make Money Via Online Share Trading In India ?

This question is asking myself in past 6 months ... Now i got some ideas but not fully . i am a student so i have not enough time to spend in this things ..Now 10 days i got holly days now iam searching the answer for this question....

My best Tool to find answer is GOOGLE i search all things in google and finding answers but in this matter google cannot help me because some of the practical and logical experiments is need to understand the Online Trading (in INDIA)

So my first step is watching tv especially news tv like CNBC TV 18 Utvi E.t.c Also watching the market in detail...

How to start online trading ?

1) First thing is Age minimum 18
2) FIRST STEP Start a Saving Account in any Nationalized Bank (SBI,HDFC,ICICI, Any)
3)Apply for PAN CARD (permanent account number)
4)Open Demat Account In Same BANK.
5)Finding Brokers And Select Good One. (Sharekhan , Geojith e.t.c )

Thes are The Major Things Must Have For A Beginner...