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Sunday, August 12, 2007

ABOUT LOVE

Hello friends

When you love someone what is the most important thing you keep in mind that you never hurt your partner

but what if your partner still doesnt understand you

what i learned from my life is that love is very beautiful if your partner also love you but i tell you are left alone by your partner you are really sad

please try an understand me

LOVE BEGINS WITH SMILE , GROWS WITH TIME AND ENDS UP WITH TEARS

this is what i have learned with time

i love someone i dont know what kind of misunderstanding is there but that really made me sad and i am really upset about that so i hope anyone see my website please do pray to god that everything is ok between me and her please i really wanted to be with her so please do pray for me thanks


this is all i can ask on the name of love from you guys thanks


LOVE SOMEONE WITH A SMILE AND NEVER LET THAT PERSON CRY OK

Monday, June 25, 2007

Some good news for homemakers

BY Kairav Shah
Insurance is normally meant for the income-earner of the family. This is because the earning capacity of the head of the family decides the insurance coverage that his family would require, in case of his demise.

However, insurance for housewives does not get that much importance as she is not an income-earner. So how does the insurance sector define women? They are broadly divided into three categories including:

Working women, who have their own incomes are treated on par with the males. Women, who have sizeable income by way of interest, dividend, rent and other streams that attract Income-Tax are also given life insurance without any extra premium or restrictions.

However, for housewives, the income of the husband is taken into account for life insurance purposes. That is, since the housewife does not earn an income, it is the husband whose income comes into focus here. As a result, the amount of insurance is often smaller. Here are some of the policies that such women can have.

Personal accident policy

Insurance companies provide compensation in the event of death or disability directly due to accident. This policy offers compensation in case of death or bodily injury to the insured person, directly and solely as a result of an accident, by external, visible and violent means.

The policy operates worldwide and is a 24-hour cover. Different policies are available ranging from a restricted cover of death only, to a comprehensive cover covering death, permanent and temporary disability. In case of a housewife, the maximum coverage has a cap of Rs 100,000 or 50 per cent of the husband's sum insured, whichever is lower.

Health policy

A normal health policy (by general insurance companies) can also be bought. The maximum sum assured here is Rs 500,000. One could also take two health insurance policies of Rs 500,000 each as the maximum limit for the non-salaried person is Rs 10 lakh (Rs 1 million).

This policy takes care of financial worries in case of hospitalisation. This policy also provides for cashless hospitalisation in India for the treatment of any illness or disease or accidental injury suffered during the policy period.

Critical illness policies

Housewives can also get themselves covered under critical illness policies. In a critical illness plan, one can insure oneself against the risk of serious illness in much the same way as one insure one's car and one's house.

It gives the same security of knowing that a guaranteed cash sum will be paid, if the unexpected and the unfortunate were to happen. A host of critical illnesses like cancer, multiple sclerosis, paralysis, coronary artery bypass surgery, major organ transplant, primary pulmonary arterial hypertension, first heart attack, aorta graft surgery and kidney failure are covered under this. There are no limits to the amount that one can take through these policies.

Overseas travel insurance

When they are travelling abroad, housewives can get themselves insured. The limits are different for different sectors. For instance, the minimum limit is $25,000 for whole Asia except Japan sector. For the rest of the world, it is $50,000. This policy covers medical expenses while travelling abroad for holidays. The premiums are payable in rupees and claims settled abroad in foreign currency.

Another policy, which is not directly meant for housewives is the insurance of risk during child birth and care policy. These policies are available from Rs 50,000 up to Rs 200,000.

This policy covers defects, deformity, malformation, congenital abnormality of any kind whatsoever at the time of delivery of the new born. Even if such a condition manifests itself within 200 days of the date of delivery, or before the expiry of the policy, whichever is earlier, is covered as long as it is of congenital nature.

However, there are exclusions that include post-delivery complications, still-born child, death of the mother, miscarriage, infanticide and any defect, which is not congenital, malfunctioning of any organ defect, which manifests itself after 200 days of the delivery.

Though there aren't many options at present, but housewives should use the ones that are there and get themselves insured adequately.

The writer is head of financial planning at Sykes & Ray Equities

The genesis of corruption in India

They laugh at [Railway Minister] Lalu Prasad. They mock [Uttar Pradesh Chief Minister] Mayawati. They heckle [former chief minister of Tamil Nadu] Jayalalithaa. They taunt virtually every politician in India; for that matter every institution, secular or sacred. They have nothing but unadulterated scorn reserved for our leaders in public life.

Before the reader come to any other conclusion, let me hasten to add that this article is not about politician-bashing, or, indeed, supporting the politico.

Rather, this piece in is all about the declining morality of the elite Indian (not all, but a significant number of them) -- comprising lawyers, chartered accountants, doctors, management graduates and, of course, the media. In short, it is about all those who make, mend and mar every public debate, discourse and decision in India.

They usually have a view -- a lowly view on everyone -- except on others of their ilk for whom they reserve a holy view. Being rich, articulate and connected, they virtually terrorize everyone in public. They would always point at the problem in our systems, never to offer any solution. And precisely for that reason you can never argue with them, nor can you reason with them.


Naturally, when it suits them they would point out to the excellent traffic management abroad and when it doesn't suit them they would simply jump traffic signals in India. If caught they would flaunt their purse. If the policeman is unimpressed, they would flaunt their connections. Morality is always for others, for them it is flexible morality.


What is startling about them is the fact that the stench would be overwhelming should you dare to have a mere peek into their functioning. A former chief vigilance commissioner once remarked that corruption is respectful in India because people in respectable professions indulge in it. Despite their lack of morality, strangely, their opinion matters -- from Marx to markets -- in every public domain.

Consider the following:

The Supreme Court Bar Association (SCBA) in the first week of June suspended senior advocates R K Anand and I U Khan, days after a sting operation by a news channel showed them purportedly colluding to influence a witness in the sensational BMW hit-and-run trial.
The SCBA had also issued show-cause notices then to the two criminal lawyers asking them to respond by July 20.
On June 19, the SCBA revoked the suspension of these two senior advocates. The suspension was revoked by its Executive Committee after considering a report by a three-member subcommittee, which said that "prima facie" it did "not find anything corrupt and/or offensive" against both the advocates.
Strangely everyone has greeted this development, including the television channel that originally exposed the two lawyers through a sting operation, with a thundering silence. If instead of lawyers the chief protagonists were MPs, would our reactions been as muted as it is now?

Did we not as one man seek suspensions for our MPs based on similar circumstances and evidences in a scam recently? Is it because of the fact that those MPs were not as educated or articulate as these gentlemen are that our decisions were swayed? Do we expect only our MPs to be punished based on such evidences while we extend the benefit of the doubt to others in similar circumstances? Or is our bias against the polity blinding us to the morality of the elite?

At an abstract level, Caesar's wife is above suspicion

What is amusing to note here is that professional bodies such as the Bar repeatedly harp on the maxim that Caesar's wife must be above suspicion. But that is at the abstract level, where everyone pontificates perfectly. However, when such majestic positioning is put to the simplest of tests, as in the present case, we have seen arguments getting stretched, technicalities invoked and benefit of the doubt getting extended to the maximum.

In such circumstances what is often forgotten is the 'fundamental requirement' from Caesar's wife.

This instance merely provides the contextual reference to a larger debate. What has been outlined through the revocation of these suspensions merely foretells the fate of the show-cause notices issued and the action that would follow by the SCBA.

Banks go belly up, yet no one is punished

The decision of the SCBA merely reflects the national character of compromise, especially when the elite of the country are involved.

As a case in point, let me highlight yet another classical instance of how morality becomes flexible in cases concerning the elite in my profession (i.e. accounting), too.

Readers may be aware of the disciplinary mechanism of the Institute of Chartered Accountants of India (ICAI) to ensure complete compliance of the professional ethics and Code of Conduct prescribed by it.

The provisions contained therein are one of the most stringent when compared to any other in the world. Naturally, actions taken by the ICAI against errant members have also been on similar lines. There have hardly been any cases where Indian courts have prescribed a tougher punishment against such members than what was originally proposed by the ICAI. On the other hand, there are a number of cases where the courts have reduced the punishment prescribed by the ICAI.

But this fact hides something more than what it reveals. In a report published in December 2004 by the World Bank, titled 'India Report on Observance of Standards and Codes (ROSC) - Accounting and Auditing,' it is mentioned: 'In one case, a private bank that failed in July 2004 was accused by the Reserve Bank of India [Get Quote] of misreporting its net worth and assets in 2001-02 and 2002-03. The RBI accused the auditor of providing an inappropriate auditor's report and referred the case to the ICAI disciplinary committee.'

Obviously, the World Bank was referring to the collapse of the Global Trust Bank (GTB) that went belly up then. Poor World Bank, even in December 2004 it was unaware of the constraints with which institutions in India operate -- especially when it involves the elite of this country. The obfuscation had begun immediately as the bank collapsed.

When institutions begin to protect the elite

According to a Hindu Business Line report, dated July 29, 2004, even the RBI's letter alleging 'misconduct' by statutory auditors of GTB did not constitute a formal complaint as far as the ICAI was concerned. "We have received the letter from RBI stating that there has been misconduct by auditors in the GTB case. The letter is not a complaint as far as the institute is concerned. But we will act on this information from the central bank and seek information from all relevant parties," the then ICAI president told the media.

Nevertheless, he also pointed out that the Chartered Accountant Act and Regulations requires a form (Form-8) to be filled along with the requisite fees and evidence to support the complaint.

"There is a procedure for complaint against a member. Even if such a procedure is not adhered to, we can act on information provided to us," he is reported to have said.

While one is not sure (the disciplinary proceedings of ICAI are confidential) as to whether and how this complaint of RBI was registered by ICAI or if RBI was forced by ICAI to resubmit its complaint in the prescribed forms, one is yet to hear the final word on this issue even three years after the bank had collapsed.

But a simple reading of the statement of the then president clearly indicates how the ICAI reacts to cases involving the elite.

Another fatal flaw in the systemic functioning of ICAI is that one of the partners of the firm accused of alleged misconduct in the above-mentioned case is an elected Council member -- the apex body that governs the ICAI functioning. While one does not wish to speculate the ability of a Council member in influencing his colleagues in the Council on the case involving his firm, the fact of the matter is that even after three years of the bank going belly-up, things remain gloomy.

Crucially, look at the duplicity of our elite. While we expect our MPs and MLAs to resign when they are charge-sheeted by the courts, on a similar footing, we do not expect our elite to be penalised when confronted with similar charges.

Readers may recall as to how more than 100 senior audit firms were blacklisted by ICAI in the aftermath of the financial sector scam that rocked the country in early 1990s. A senior chartered accountant and a former Council member tells me that virtually all those auditors were exonerated as no case was made out against them as 'appropriate evidences were not forthcoming from other institutions.'

Simply put, ask ICAI and it would blame RBI. Ask RBI and it would blame ICAI. And jointly both of them would blame the system -- a euphemism for the lack of will to nail the culprits. And in all such circumstances, the beneficiaries are the elite who escape scot-free. Obviously, the losers are you and me.

The (Im)-Moral of the story

According to Indian scriptures, we sacrifice the goat, but never the horse or an elephant and definitely not the tiger. Paraphrasing the same, the former chief vigilance commissioner remarked that it is always the small fry who is sacrificed in any scam, the elite are never caught.

Indian democracy is fast turning into by the elite, for the elite and of the elite.

Mkts flat amid low volatility, RIL, ICICI down

The Bombay Stock Exchange benchmark index Sensex opened lower by over 26 points Monday on emergence of profit selling by retail investors.

The Sensex traded lower by 26.75 at 14,440.61 in the first five minutes of trading. The National Stock Exchange's index Nifty was also down by 11.30 points at 4,240.75.
The markets were trading flat in the red zone amid low volatility since opening. All the key BSE indices were in marginal green except the BSE bankex, which was down over 50 points. Volumes were low however the breadth was nearly 2:1.
At 10.24 hours IST, the Sensex was down 17.07 points or 0.12% at 14,450.29, and the Nifty down 2.40 points or 0.06 per cent at 4249.65. About 1067 shares advanced, 536 shares declined, and 33 shares remained unchanged at 10:24 hours IST.

Top gainers on the Sensex were Reliance Energy at Rs 601.50 up 1.91%, BHEL at Rs 1,459.90 up 1.37% and ONGC at Rs 920.50 up 1.30%.
Top losers on the Sensex were HDFC at Rs 1,858 down 1.15%, ICICI Bank at Rs 945.50 down 0.87% and Maruti Udyog at Rs 758 down 0.52%.
Most active shares on BSE were Reliance at Rs 1,698 with 1,20,504 shares, Educomp Sol at Rs 2,337 with 69,033 shares and Praj Industries at Rs 478 with 2,65,856 shares

Reliance, ICICI Bank, L&T, HUL, Satyam, Tata Steel, Sterlite Industries and ITC were down in the opening trade.
Asian Markets: Asian markets were trading mixed today following sharp US losses, Japan's Nikkei plunged 0.51% or 92.49 points at 18,096.14, Singapore's Straits Times was down 0.44% or 15.91 points at 3,599.47, However, Taiwan's Taiwan Weighted surged 1.63% or 144.02 points at 8,956.93, Hong Kong's Hang Seng was up 0.04% or 9.72 points 22,009.63 and South Korea's Seoul Composite rose 0.48% or 8.54 points at 1,779.52.

Market cues:
FIIs net buy USD 402.5 mn in equity on June 21
FII's June 21 includes money from DLF IPO

MFs trade figure for June 21 not reported yet
NSE F&O Open Interest up by Rs 1,270 crore (Rs 12.70 billion) to Rs 75,711 crore (Rs 757.11 billion)

Satyam eyes $75 mn from pact with Nestle


Satyam has signed a three-year agreement with Nestle. The company is partnering with Nestle to roll out a global template across 85 countries worldwide.
The IT bellwether expects to generate revenues of around $75 million over next three years from this contract.
New York-listed Satyam said it would provide services ranging from software development, maintenance and support to infrastructure management.

"As a result of this agreement, the number of Satyam consultants working for Nestle is expected to grow close to 500 over the next year," it said.

Satyam Technologies has now found place in the Information Technology 100, BusinessWeek's ranking of the top tech performers in the world.

The IT major is a top ranker among the top IT 100 companies of the world, according to the financial data from Standard & Poor's Compustat.

The company’s revenue have grown beyond USD 300 million over the past 2-years

TCS limits salary hike to 12-15 pc


The wages of Tata Consultancy Services employees would rise to 12-15 per cent in April-June, the fiscal first quarter, but the rise in the wage bill, including new recruits, would be closer to 15 per cent, Chief Financial Officer S Mahalingam has said.
Mahalingam said that the company had the ability to neutralise the impact of higher wages through measures like cost-cutting, containing the wage bill relative to growing revenue, and at times replacing experienced workers with younger recruits.

"Fundamentally the business operates on sound principles. There is an appreciation of rupee, which will definitely have an impact, which the market has priced," Mahalingam said.

He said that the company's margins were usually the lowest in the fiscal first quarter, when salaries were reviewed. “The company was also cutting costs to ease the impact on margins by balancing the need to cut travel costs with the need to visit potential clients to boost business,” he added.

India’s largest software export firm TCS sees strong demand for software services but it is not likely to sustain last year's 41 per cent revenue growth in part because of the rising rupee. TCS shares, which have fallen nearly 10 per cent in the last three months, closed 0.4 per cent lower at Rs 1,140 , the lowest finish this year.
Mahalingam said, “The operating margins of TCS would shrink by 2 percentage points in the current quarter compared to the January-March period due to the wage bill. Rupee appreciation was likely to have a similar impact.”

The rupee has risen about 8.5 per cent against the dollar this year, to be Asia's best performing currency. It closed at 40.77/ 78 per dollar.
"In the short term, maybe because we have so much money coming in, the rupee may go to 39 or so, but we will gain from hedging," Chief Financial Officer S Mahalingam told the media.

“India's largest software services exporter was not likely to repeat last fiscal year's revenue growth of 41 per cent,” he said. Revenue in the period was Rs 186.85 billion ($4.6 bn).

"The demand environment is good but certainly on a bigger base we can't repeat those high percentages," he said. Mahalingam added that he expected pressure from the appreciating rupee to ease over time.

India's low-cost, English-speaking workforce has attracted foreign firms like IBM, the world's largest technology services company, and helped local rivals including Infosys Technologies and Wipro to grow.
Mahalingam said, “India remained an attractive place for software firms despite rising wage costs and the appreciating currency. "You can still develop a lot of intellectual property in India and be able to command much better prices. So pricing becomes a driver," he said in an interview at his office overlooking the Arabian Sea.

India, computer world's next big thing

Next month, Dell will open a factory in the southern Indian city of Chennai, the U.S. company's first foray into manufacturing in India

Compared to giant tech complexes in China operated by electronics manufacturers such as Hon Hai Precision Industry or Flextronics International, companies that employ tens of thousands of employees at factories producing all sorts of machines, this Dell plant will be modest in scope.

The company has invested just $30 million in the Chennai plant and only has plans to employ about 400 workers to make desktop computers.

Still, this latest addition to Dell's manufacturing team has significance far greater than its small size. According to Stephen J. Felice, Dell senior vice-president and Singapore-based head of Asia-Pacific for the company, India is emerging as one of the most important markets for Dell.

"India is Dell's largest-growing country in the world," he says. Sales amount to $500 million now, Felice says, adding that the company predicts ". . . 50% to 70% year-on-year growth in the foreseeable future."

The Chennai factory is the clearest sign yet that India is emerging as the Next Big Thing in the global PC world. In 2006, there were over 22 million computers in use in India, compared with just 9.5 million in 2003.

That's only one for every 50 Indians. Still, with the number of machines more than doubling in three years, this is a "a watershed era in the history of the Indian PC market," says Kapil Dev Singh, country manager of market research firm IDC, in a recent press statement.

China Slowing, India Gaining

It wasn't too long ago that India was an afterthought for many people in the computer industry. For years, the country took a back seat to China. For good reason: China has quickly grown to become the world's second-largest PC market, after only the U.S., and it's likely to become No. 1 in the next few years.

This year, Chinese are likely to buy 33.6 million desktops, notebooks, servers, and other computers, according to projections from market research group Gartner. For Indian computer buyers, the number is just 8.8 million.

But the market in China is slowing down just as India is accelerating. Both countries will enjoy growth between 16% and 18% this year, says Martin Gilliland, Asia-Pacific research director for Gartner. But next year India will move ahead, he says.

While China's PC market will still enjoy respectable growth of 14%, India's computer sales will grow at a rate higher than 20%. And it won't be a one-year rise. Growth that fast will continue "to at least 2011," says Gilliland.

Until now, Dell hasn't been well positioned to take advantage. In market share, it's in a tie with Acer for fourth place, far behind the market leader Hewlett Packard. Local champ HCL [Get Quote] is No. 2, and Lenovo, thanks to the Indian operations it acquired in its 2005 takeover of IBM's (IBM) computer division, is No. 3.

More Choices Available

That's largely because India's tax structure makes it difficult for companies to import computers, with a price tag that has grown by some 10% thanks to import duties. Not surprisingly, HP, HCL, and Lenovo all put together PCs inside India, while Dell has been importing its machines from its manufacturing center in Malaysia.

"If you are importing finished goods, you can be uncompetitive because of duties," says Gilliland. For a company such as Dell that doesn't yet manufacture in India, having to pay import duty "totally blows you out of being competitive in a bid."

Nonetheless, Felice disputes the suggestion that Dell has been an Indian also-ran, pointing out that Dell is No. 1 among large corporate customers in the country, with more than 40% market share among such big buyers. The new Chennai plant will enable Dell, he says, to diversify its customer base.

"Now we can start to really go after the consumer and small-business" markets, he says. The Chennai factory will produce desktop PCs when it opens next month, but Felice says that by the end of the year Dell workers in Chennai will also make notebook PCs. This will enable Dell to provide more choices for local would-be buyers.

Will Its Model Work?

Dell's choice of Chennai is no coincidence. The city has some of India's best infrastructure and is home to other electronics manufacturers such as Nokia, Flextronics, and Hon Hai.

Nissan and Samsung Electronics are among the other multinationals that have chosen Chennai for their Indian manufacturing base, prompting some people to predict that the southern Indian city can become the country's answer to Shenzhen, the southern Chinese manufacturing hub.

Felice says that Dell based its decision in part on the local government's pro-business policies. The local government, in addition to offering the usual types of incentives, also helped the company find a location and work with local villages to ensure that the investment went smoothly.

The politicians won't be able to help too much with the next big challenge, which is making sure that Dell's business grows smoothly. The new factory -- and the new commitment to the Indian market that it represents -- should provide Dell with a boost.

But Dell will face some challenges in India where credit card usage is low and people are not accustomed to buying directly over the Internet. Those facts of life should make it more difficult for Dell to pursue its direct-sales model in India.

But Gartner's Gilliland believes that the challenges are not insurmountable. Indians "have some suspicions" about making purchases online, he says. "But that will go over time." In the meantime, he says, "I see the potential for a massive opportunity" in the Indian PC market