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Issues to Watch In the Budget

2012-03-16T06:36:00.000+05:30

As the day of presenting the Budget for the year 2012-13 is getting near Factbuzz brings out some of the areas which needs to be watched out for. This post brings out you what are the crucial aspects ? ? Keep reading to know and understand, what they meant and why are they important ?

1. Fiscal Deficit

Fiscal Deficit is the difference between all expenditure and receipts including non tax ones (like disinvestment). This is bridged by market borrowings. So a higher deficit would push private borrowings away from the market and keep interest rates high. It has gone out of hand, the UPA government is mostly meeting it through market borrowings. In July 2009 the UPA-II government had declared it would pare its fiscal deficit to 3% of GDP by March 2012. It was pegged at 6.4% in 2009-10. However, Economists say the Fiscal deficit will rise by at least 1% point over the budgeted 4.6% in the current Fiscal which is equivalent to Rs 90,000 crore. A key challenge here is to do the needful to reduce the Fiscal Deficit.

2. Revenue Deficit

It shows the Government’s current expenditure not covered by its tax collections. Current expenditure does not include interest payments on debt and capital spending. Ideally, this number should be zero or negative because revenue deficit means borrowing to meet today’s needs. It has soared nearly 6-fold in the last 4 years and is set to cross Rs 3,50,000 crore this Fiscal. As per the Fiscal Responsibility and Budget management Act, the centre had to eliminate the revenue deficit by March 2010. That plan has gone haywire first because of the fiscal stimulus in 2008-09, and then due to farmer loan write-offs, social spending and subsidies. With additional social spending planned and indecision on fuel and fertilizer subsidies, how is it going to be reduced ? ? ? is the million dollar question

3. Market Borrowings

This gives how much the government is borrowing from the public indirectly. It’s indirect as scheduled commercial banks have to hold 24% of their deposits in government securities. It is important because In India, only the public is the net saver. Both the Government and Corporate Sector rely on public saving, which averages 22% of GDP. But Indians tend to park half their savings in physical assets like gold. Thus savings amounting to 11% are available to government and the corporate sector. The problem comes when Government is borrowing excessively, it crowds out the corporates which then have less money to invest and create assets and jobs.

4. Implied GDP growth rate

This is the rate at which the economy is projected to grow and the expected rate of inflation. In Last Budget, the government assumed a nominal growth rate of 14% for 2011-12, as the economy showed resilience in the aftermath of the 2008 crisis. With the assumption that inflation would be tamed at 5%, the real GDP growth was pegged at 9%. In a recent document the Central bank of India says that the finance ministry expects real GDP growth rate to slow down to 7.25-7.75% in the current fiscal.

5. Social Sector Spending

This refers to the amount spent by the government on social schemes. There are some arguments against governments spending more in this sector saying that govt is throwing good money after bad. There are 13 flagship schemes in this. In 8 years UPA government’s spending on these schemes increased by 4.6 times. In 2011-12 it is projected to account for 18% of the total spending. A committee has been formed to suggest ways to reduce the number of schemes.

6. Capital Expenditure (CAP-EX)

This is the amount government spends to create assets. Assets refer to the properties that yield benefits for not just 1 year but for many years. This is one parameter to measure the quality of Fiscal Deficit by using the ratio of Cap-Ex to Fiscal deficit. The current ratio is 40% i.e 40 paise of every 1 rupee earned/borrowed today is spent towards cresting asset. The challenge here is How can we increase Financial Spending ?

7.Tax Arrears

This is the amount of tax payments pending, along with those under dispute. It helps as an indicator to know how efficient tax authorities are in collection of taxes and disposing appeals. Why to reduce Tax arrears? Because reducing them helps to cut the fiscal deficit. In 2009-10, according to CAG report Income Tax arrears accounted for 54% of the direct tax collection.

8.Revenues Foregone

This represents the notional amount of revenues given up by government because of Fiscal sops. This is the area that government looks if it wants to raise the Taxes. The amount of revenue foregone was around 72% of the direct taxes collection which amounts to Rs 5,11,630 Crores. The government intends to phase out several exemptions like the area based exemption made in specific areas for excise duty relief. In order to bridge the fiscal deficit, it has to minimize the number of exemptions to increase tax revenues.

9. Resources given to State and Local Bodies

The amount of funds transferred to states. The 13^th financial commission has recommended the states share to be fixed at 32% of the sharable central taxes. The important aspect here is the amount transferred to create assets. This number grew only by 25% in the last 3 years to Rs 1,06,026 crore pointing to more money being spent on non-plan expenditure.

10. Tax Collections

The amount that government collects from taxes. In the previous budget the government predicted a much lower growth rate in excise and customs duties. This implies that the Government expected growth in manufacturing to slow. But for the services sector, the target for growth in tax collection was kept at previous year levels.

image credit : toonpool

Let us know if we missed out something that should be in the list… Feel free to share your opinion

Richest People in the World Forbes List

2012-03-14T16:30:00.004+05:30

Take a look at the world’s Top 5 Richest People in the world. These ratings are based on the Forbes. Forbes Magazine releases these lists every year and this ratings are considered reliable all over the world.

1st - Carlos Slim Helu from Mexico- America Movil SAb – Net worth $69 billion (fell down by $478.4 million by the day ending March 2^nd 2012).

2nd - Bill Gates from U.S – Microsoft – Net worth $ 61 billion (fell down by $102.1 million by the day ending March 2^nd 2012). Lost the 1^st position because he started charitable giving.

3rd - Warren Buffet from U.S – Berkshire Hathaway - Net worth $ 44 billion (fell down by $336.9 million by the day ending March 2^nd 2012).

4th - Bernard Arnault from France – LVMH Moet Hennessy Louis Vuitton - Net worth $ 41 billion (holds and controls 46% of LVMH’s outstanding shares through his family group).

5th - Amancio Ortega from Spain- Zara - Net worth $ 37.5 billion

Click Here For the complete list of Billionaires

How to Calculate SENSEX - BSE / NSE

2012-03-04T16:53:00.001+05:30

Every day, we here in news that SENSEX (either BSE/NSE ) is up / down by some points. How can it be decided by how many points it moved up/ down is not known to many of us. Right from the beginning days of i.e 137 years ago in the year of 1875 when the Bombay Stock Exchange (BSE) has started a lot of changes took place in the country’s economy. Along with economy, the Capital Markets also started to
grow and today there are around 23 Stock Exchanges in India. BSE and NSE are the major ones among all those and well known to all. SENSEX is based on globally accepted Construction and Review Methodology. BSE SENSEX is based on the top 30 stocks representing a sample of large, liquid and representative companies where as NSE is based on the top 50 stocks.

SENSEX is calculated using a methodology called “Free-Float Methodology” or the “Free-Float Market Capitalization Methodology”. This methodology is used by all the major indexes like MSCI, FTSE, S&P, Dow Jones e.t.c. Before going into the methodology there are some terms which we need to understand.

Base Year: This is the year which is taken as the reference year for comparison. For BSE it is 1978-79 and for NSE it is 1995

Base Value: This is the reference value of the SENSEX in the base year. For BSE it is set to 100 points and for NSE it is 1000 points.

Market Capitalization: This is the total value of the company. It is determined by multiplying the number of shares issued by the stock price on that day.

Free Float Market Capitalization: Free-float market capitalization is the proportion of total shares issued by the company and that are readily available for trading in the market in the total issues shares (i.e. excluding the shares held by promoters).

The Methodology of Free Float Market Capitalization

It takes into consideration only the free-float market capitalization of a company for index calculation and assigning weight to stocks in the Index. The market capitalization is multiplied by the free-float factor to determine the free-float market capitalization. The calculation of SENSEX is done by dividing the Free-float market capitalization of the 30 companies in the Index by a number called the Index Divisor. The Divisor is the only link to the original base period value of the SENSEX. It keeps the Index comparable over time and it acts as the adjustment point for all Index adjustments arising out of corporate actions, replacement of scrip’s etc.

Let’s consider an example to understand this. Assume 3 companies A, B and C are only in the INDEX. A has 100 shares (current stock price 100 each) in total of which 30 are held by promoters, and B has 150 shares (current stock price 100 each), 50 held by promoters and C has 200 shares (current stock price 100 each), 40 held by promoters.

Now the respective Market Capitalizations are A – 100X100 = 10,000 similarly B – 15000 and C- 20000

But, the free float Capitalization will be

For A (100 - shares held by promoters) x Share price = (100-30) x 100 = 7000, similarly for B it is 10000 and for C it will be 16000

As of today, the respective market capitalization of the INDEX is 45000 (10000+20000+15000) and free float capitalization will be 33000 (7000+10000+16000).

As we already mentioned, the year 1978-79 is considered the base year of the index with a value set to 100. What this means is that suppose at that time the market capitalization of the stocks that comprised the index then was, say, 8000 (remember at that time there may have been some other stocks in the index, not A and B, but that does not matter), then we assume that an index market cap of 8000 is equal to an index-value of 100.

Therefore the value of Index today will be calculated as

If 8,000 = 100 then how much is 33000 equal to? i.e. (33000 x 100) / 8000 = 412.5. This is compared with the earlier days INDEX and thereby up/ down movement is determined. (The factor 100/8000 is called index divisor)

How to Buy Insurance

2012-02-29T17:14:00.000+05:30

“Insurance” - the word that doesn’t need any introduction. There are many benefits of taking an insurance policy. Though its main objective is to provide financial support to the dependents in case of an untimely death of the bread earner of the family, many use it as a tax saving tool too. But many a times in hurry or due to mis- conceptions or mis-guidance many end up
choosing the wrong insurance product. A recent survey conducted by Insurance Regulatory and Development Agency (IRDA) the insurance regulator in India has said that
majority customers are buying insurance based on the price alone which is the biggest mistake. Its common tendency that we want to purchase products at a lower rate therefore we are always tempted towards the cheap and best offers. This concept can hold good only for some products. But for some products it backfires especially in case of insurance. It could be a little or of no use if there is a problem at the time of making a claim for the benefits. Even if you need to pay an extra amount going for the right product as well as right insurer is very much important.

IRDA in its survey has also mentioned that

“In today’s context though the customer has a variety of products to choose from, wise choices can be only made with requisite awareness. Besides having knowledge about different products is not enough, but the customer should also be aware of organizations that look into grievances (if there are problems with a particular policy) and make prompt payment of claims.”

In this post I’m going to deal with the issues

How to choose a good insurance policy? What are the major factors to consider while buying an Insurance policy?

Claim settlement Ratio of a Company

Claim settlement refers to the payment of insured amount (as per the contract) on the claim made by customer. The claim settlement ratio gives the ratio of number of claims settled by the company for every 100 claims it received. The higher the ratio is the better chances of getting money easier. But unfortunately this is not declared publicly by any company because there is a chance that it affects their business if the competitors ratio is better. One can get the claim settlement ratios of various companies in the Annual Report of IRDA which will be released every year. The report gives a list of claim settlement, Repudiation /Rejection and Pending ratios for all the insurance companies. This ratio will be usually more in case of more claim intensive companies. For example In case of life insurance, death claims are usually accepted except in some cases where the death occurs in suspicious conditions within one year of taking the policy. These ratios can also be mis-leading like In case of general insurers whose claim settlement is more than 100%.

In such cases we need to look at the repudiation (rejection) ratio which measures the number of claims rejected against the total claims. Also take a look at the pending ratio which gives the outstanding claims of the company. For new companies claim settlement history may/may not be obtained and they cannot be compared with other existing companies. So Claim settlement ratio although an important parameter, it cannot be the sole criterion to decide on the company.

Financial Stability

Solvency Margin is one of the biggest indicators of the financial stability of a company. It is nothing but the extra amount (either in the form of capital/provision) a company needs to maintain to maintain the claim settlements. The bigger the margin the better is the company. The details of solvency margin are declared to IRDA and also media, news papers, websites of the companies’ e.t.c. Based on this data the IRDA ranks on a monthly as well as yearly basis.

Customer Service and Grievance Redressal

These are critical aspects which each and every one need to look for. But we can’t know unless we go for the policy. The only way to know about this is through friends and acquaintances who already signed up for a policy of the same company. For example go for a company which handles the claims by itself rather than outsourcing it to a third party. Similary check out the third party information sources such as blogs, newspapers, websites, magazines e.t.c. for getting the opinions of the people who already signed up for the policy. Some of such websites are policymantra.com, insurance.blogs201.info, jagoinvestor.com e.t.c.

Willing to share policy wordings

The biggest issue with insurance companies is, the initiation of policy wordings will not be done neither by the agent/company unless the you ask for it. When you ask for a copy they should be willing to provide you a copy of the same. Because this helps us to know some finer details which we may miss out and normally these will be over and above the general terms and conditions related to pre exisisting conditions of the policy offered. So it is important to read the policy wordings before you sign up the form.

Reliable Brokers over Agents

Always try to approach a broker who deals with products of multiple companies. Because agents selling products of a single company will limit your choice. Cross check the information given by the broke with other online portals before deciding. Ease of paying the premium (availability of paying off line and on line) is another issue to consider.

“The customer must not only choose a product which is suitable, but also engage with a company in which the agents provide correct information.” - IRDA in its survey

imagecredit : indiweb

We tried to cover the important aspects that need to be considered. If we missed out anything please let us know so that we can add to the list, which helps to make a much better decision next time.

What the Budget Need to Do ? ? ? The Check List

2012-02-27T10:32:00.002+05:30

A budget is just not only an estimate showing the sources of funds and how those are spent. An effective budget should address to the present problems a country is facing and also should efficiently cater to the needs of the people of the country and help them to lead a better life. Let us take a look at what are the issues that need to be addressed in the coming budget.

Set Fiscal Goals and Clear Goal Posts

Budget should provide a clear road map for fiscal consolidation, so that the Reserve Bank of India could began to ease monetary policy to stimulate demand. Lay down clear goals for Fiscal consolidation and the measures that the government proposes to take to ensure those goal posts are reached.

Clear Projects Fast

A country’s development depends on the infrastructure it has. China has already shown what infrastructure can do to a country. Necessary funds should be allocated to complete the pending projects. The budget should send a clear signal of Government’s resolve to fast track projects especially in the coal and power sector that have been stuck for administrative reasons.

Push Key Reforms and Focus on Supplies

The budget should give some indication of how government proposes to handle the bills pending in parliament and tackle issues such as Diesel Subsidy and FDI in Retail. A blue print to ease supply constraints so that inflation doesn’t accelerate once again and growth picks up pace.

Fund Sectors Creating Jobs and Support MSME’s

Make investments in labor- intensive sectors to take advantage of China’s expected fall in exports as the neighbouring country deals with rising labor costs and shifts its focus to domestic market. Support and sustain micro and small enterprises that are a major source of employment generation. Ensure inclusive growth that is well distributed among all sectors and segments so that higher demand for goods of all categories leads to more employment creation.

Make Subsidies Transparent and Plan Better Subsidy Transfer

Bring more transparency in provision for subsidies in the budget, clarity of petro products and put urea under the nutrient based subsidy regime. Design framework for cash transfer of subsidies through the AADHAR number for better delivery and efficiency in subsidy management.

Cut Deficit

A strong fiscal consolidation commitment will allow the RBI to cut interest rates which could stimulate spending on durables.

Spread Banking and Expand Insurance

Take organized finance to unbanked areas can help improve rural demand through access to cheaper credit. Availability of cheap health and life insurance through government efforts can help reduce financial stress and indebtedness, which will help spending.

Manage Inflation and Transfer Cash

Remove bottle necks in the supply chain to help check food inflation, allowing consumers to spend on other goods. Provide subsidies through cash transfers to check leakage and put money in the hands of the deserving.

Expand Funding and Ensure faster Clearances

The access to foreign funds has increased, but this has benefitted only the big borrowers. Further strengthening of institutional mechanism needed to fund small developers. A mechanism for faster clearances for large projects can cut down the delays in big infrastructure projects.

Link Farmer to Market

Incentivise mechanisms that link farmers to markets. Give tax breaks to companies that connect with producer groups, provie extension services and create networks that connect farmers, processors and retailers.

Let us know what additional things you look in a Budget so that we can Update the list

Behind Budget 2012 -2013 - Heroes or Zeroes

2012-02-25T09:47:00.003+05:30

As another Financial year coming to an end, the investors, business persons, employees, self-employed whom not, even the common man is eagerly waiting for the Budget 2012 - 2013. Each and every one has their own expectations on the budget that it brings good news either in direct or indirect form to them. Every one knows that the Finance Minister of the country prepares the budget and submits in the parliament for approval. And after a hell lot of discussions and fights finally

it gets approved. If we want to prepare a budget for ourselves its easier, but when it comes to the family its a little tough when compared to the earlier one. We definetly need to take help of our family members. Imagine preparing a budget expectation for a country of 120 crore population. It is definetly tough. The Finance Minister alone cannot do that. Behind the screen, there are some hands that help the Finance Minister to prepare the budget.

Who are the Helping Hands ? What is their designation? What is their Experience and Expertise?

Let's now take a look on these advisories of the Financial Minister on the Financial Budget...

1. Mr. Pranab Mukherjee : The Finance Minister

This is his 7^th budget which he is going to present in the parliament as Finance Minister. He holds Master of Arts degree in History and Political Science and has Degree in Law from University of Calcutta.

2. Kaushik Basu: Chief Economic Advisor

A renowned Game Theorist and a developmental economist this former Cornell University professor will have his say in the Economic Survey. He has the right credentials to offer policy prescriptions to contain inflation and ensure fiscal consolidation, while bolstering the growth momentum.

3. R.S Gujral: Finance Secretary and Secretary, Department of Revenue

This former roads and transports secretary created a flutter with his appointment as Finance Secretary because his name was not in the reckoning initially. One of his key tasks will be to co-ordinate the budget preparation and to ensure that adequate funds are available to finance the Govt’s key social sector schemes.

4. Sumit Bose: Secretary, Department of Expenditure

This IAS officer of 1976 batch, shepherded the IPO of Coal India. But now he has an unpopular and extremely tough job of negotiating the fiscal consolidation with the proliferate ministries.

5. R.Gopalan: Secretary, Department of Economic affairs

A Harvard Post Graduate. One of the key tasks for him is to stimulate the economy without burening the fiscal deficit.

6. S K Goel: Chairman, Central Board of Excise and Customs

His voice will carry weight in debates over ending stimulus, raising indirect taxes and pushing through GST.

7. Laxman Das: Chairman, Central Board of Direct Taxes

Only two months, new to the job. The key responsibility for him is to mitigate the damage to the policy caused by last month’s Vodafone Judgement.

What do you think they are going to be ? ? ? Will they be Heroes by providing a better budget when compared to the past budgets ? ? ?

MCX goes for an IPO

2012-02-22T20:21:00.001+05:30

The biggest commodities exchange in India Multi Commodity EXchange (MCX) decided to go for an IPO (Initial Public Offer). This is the first Commodity Stock Exchange in India to come for an IPO.

About MCX

Multi Commodity Exchange is being operated by Financial Technologies. Along with Financial Technologies, The major share holders of Multi Commodity Exchange are
State Bank of India, NYSE, Fidelity, Meryll Lynch, IFCI, Corporation Bank, ICICI, passport Capital, Union bank, HDFC bank, Bank of India, and Bank of Baroda. Through this public issue Financial Technologies want to sell 5.18% from its total share and State Bank of India selling 4.14% of its total share. Multi Commodity Exchange (MCX) has around 80% market share in Commodity Futures Trading. MCX is providing Future Contracts for 49 different varieties of commodities which include gold, silver, ferrous, non-ferrous metals, electrical and agricultural items. The number of members (commodity brokers) as of December 2011 is 2153. There are around 2.96 lakh MCX terminals all round the country. Moreover the Exchange is still in growth phase only. This indicates that the revenues of MCX will be growing year by year.

Other Details of MCX

Commodities’ trading is increasing day by day in India. 82% of the revenues of MCX as of December 2011 are from transactions only. The annual subscription fee accounts to less than 3% of the revenues. The growth rate of this exchange is 46% from 2007-08 till date. Gold and Silver contracts contribute a major share to the revenues and MCX is the market leader in gold and silver contracts. In the first 9 months of this financial year the revenue increased to 474 crores which is 27crores more than the previous year (447 crores). The net profit also increased from 173 to 220 crores for the same period. The EBIT margin is more tha 70%. The net profit is 46.5% of the company’s total earnings for the first 9months of the financial year.

About the IPO

Issue start Date: February 22^nd 2012

Issue End Date: February 24^th 2012

Total shares Available for Public issue: 64, 27,378

Face Value of Share: 10 INR

Issue Price: Low: 860 INR High: 1032 INR

The total worth of the shares that are being issued is 96 crore INR. These are given to 12 anchor investors for the Public Issue. These anchor investors include (Indian and International companies) Black Rock Global Funds, Daish Securities, Kuwait Investment Authority, Credit Suizi e.t.c and Indian companies like TATA AIG life, Canara Bank, HSBC Bank, Oriental Bank of commerce, ICICI prudential, Birla sunlife, Sundaram Mutual funds. These investors have purchased 9,26,606 shares at a price of 1032 INR per share on Tuesday.

Benefits for an Investor

As I said earlier, the commodity futures market is in its initial stage in India. There is a big chance of growth in this market. So, it will be a very good option to invest in for a long term. Considering the revenues that MCX generates for 2011-2012, the share value of 1032 INR is equal to around 18.4 PE. Apart from this the capability of the management, attractive business, good growth e.t.c add to the add icing to the cake. MCX is expecting a good response for this IPO from the side of institutional investors also. So if you are looking for a long term investment options this can be a good choice. But you need to hurry as the issue closes on 24^th feb 2012 (i.e 2 days from today…)

New Move by RBI - Non Banks To Set up ATM's

2012-02-21T17:43:00.001+05:30

Till date ATM's usually refer to the property owned by banks. But from today the situation is going to change. India's Banking Regulator RBI has come up with a new Idea to allow the Non-Banks to set up ATM's. There are around 80,000 ATM's in the country. ATM's are growing at a rate of 30% per year. But when compared to other countries the number of ATM's India having is very less. There are still some towns and villages in India which haven't experienced
the revolution in banking sector yet. In order to expand the banking services and reach of these services RBI ha decided to allow Non Banking Entities to open ATM's all over the country. This helps to ensure the growth of ATM's with the involvement of corporate.

RBI in its release said that

RBI has reviewed the extant policy on ATMs and it has been decided to permit non-banks to set up, own and operate ATMs to accelerate growth and penetration of ATMs in the country. Such ATMs will be in the nature of White-Label ATMs and would provide ATM services to customers of all banks.

Draft Guidelines to operate these ATM's are also laid by the regulator.

These ATM's owned by the Non Banking Entities will be called as White Label ATM's (WLA).

Any Non Banking Entity (An Individual Co or a large Corporate House or Conglomerate) can apply for RBI asking permission to open ATM's. To get this permissions the ATM operator need to choose a Sponsor Bank and get associated with it by opening a Settlement Account. This account acts as the source of funding. This sponsor bank is responsible for all the transactions at these ATM's.

These operators will not have direct access to Core Banking Services.

Another condition is that the sponsor bank has to be a member of one of the ATM sharing Networks (Consortium). The 2 consortia in India are National Payment Corporation of India and Cash Tree led by Bank of India.

The most important and mandatory condition is that the operator who applies for an ATM must have a minimum net worth of 100 crore.

Only Cards issued by the banks must be used at the WLA's. No deposits acceptance into the WLA operator account or any other account indicated by the WLA is not permitted.

How WLA operators get benefited from this ?

To Deposit or Withdraw money from the WLA's the customer need to pay a certain fee. which will be shown on the ATM Screen. A WLA operator can also earn extra revenue from the advertisements which he can place in/outside the ATM premises.

The Director of a Bank opined about this step by RBI as :

This step is to provide more benefit to customers by providing greater access to banking services. He also added that Banks will earn fee income from the WLA operators. However, banks will not stop expanding their own ATM networks in a cost-effective manner," he said.

In redressing any customer complaint relating to failed ATM transaction will the primary responsibility rests with the issuing bank with necessary support to be given by the sponsor bank.

So what do you think of this move by RBI? Will it be helpful or not?
image credit: dailybhaskar

The Must Read Books Series - 1

2012-02-19T10:40:00.000+05:30

Book Reading is a habit to many people. Books are the treasure of knowledge, stress busters, friends and what not?

In the mind of every person who wishes to read books there will be some common questions.

Which books should I read?

Which books should I recommend/suggest to my friends?

Can the top selling lists be trusted?

When we just Google or visit any online book sites, there will be a lot of books in the best sellers category. Unfortunately a best seller in one site may not have good ratings in other sites. I have seen cases of my friends who want to start reading books and make it a habit but at times they choose/buy wrong books which leads to a loss of satisfaction, money time and sometimes loss of interest to read books. Book Buffs can estimate easily what could be in a book compared to normal readers or newbie’s.

May be to solve these problems to some extent David McCandless & Miriam Quick has done a research and published a list of books. These include the prize winners, all time top lists, guardians top 100 and many more. FactBuzz brings you the list of books from this in a series of posts. The list is in a downloadable format. Make sure you don't miss any of them and update your book collection.

The First of the Series is the list from Ophra's Book Club. The list consists of around 64books taken from the book club of Oprah Winfrey. This list includes all time best sellers like "The Tale of Two Cities", "Great Expetations", "As I Lay Dying" and many more...

Just grab your copy of the list of books along with the names of authors in a PDF file and add the books to your collections.

Download Link for the List of BOOKS----> Click Here to Download

or

Click on the image below to download

image credit : static.guim

Welcome

2012-02-07T11:50:00.000+05:30

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