Greece is just the 'tip of the iceberg'.

Greece is just the 'tip of the iceberg'. This is if the noted economist Nouriel Roubini is to be believed.

"While today markets are worried about Greece, Greece is just the tip of the iceberg. The thing I worry about is the buildup of sovereign debt," he told an international gathering yesterday.

This is a scary prediction for the already tainted European economies and global markets. Recent credit-rating cuts on Greece, Portugal and Spain have spread concerns across global investors. The European deficit crisis seems to be spreading. This is intensifying pressure on policymakers to widen a bailout package. We believe all this would be a negative for the economic recovery that was just starting to find some wings!

Roubini has also said the US probably will need a combination of increased tax revenue and lower government spending. Europe needs to curb spending. At a time when central bankers are busy pumping in cheap money into the markets in the name of stimulus, any cutback on government spending isn't seen coming anytime soon.

Anyways, as we wrote yesterday, if these European countries actually default, there will be an impact on emerging markets like India. But the impact would just be a knee-jerk i.e., short term. Whatever it is, it could provide you with opportunities to buy into your favourite stocks at lower prices. The idea is to not take cues from the 'price action' that will follow a Greece default, but to take a call on stocks' 'valuations' and then act.

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Investors globally seem to preparing themselves for the big crash. However, some words from Templeton Asset Management chairman Mark Mobius could help allay some of these fears. Investors are expecting another round of liquidity tightening led by Greece's debt default. Central bankers and financial regulators are all in support of an EU bailout. But Mobius believes that a default by Greece would be the best way to ease the European fiscal crisis. He believes that the crisis is unlikely to sustain for long or affect the prospects of emerging markets. Mobius also cited the fact that although the Greeks are rich, they are reluctant to pay taxes. This is due to mismanagement and corruption in the government. He therefore supported the idea of letting the 'Too Big' to fail this time. Else, its bailout could drag other nations in the EU to a debt crisis as well. We wish the central banks would agree with his logic.


Source:- my mail inbox from>Equitymaster

Believe In Your Self

I Believe ...
"A MAN WHO FOLLOWS A CROWD

WILL NEVER BE FOLLOWED BY A CROWD "

Wealth and Greed

Greed is the first enemy of wealth creation.The Basic purpose of wealth Creation is to achive financial independence or financial freedom.One should not hang out with greed and accumulate wealth in an unethical means.

Desire is an energy and wealth creation is an art..if one starts accumulating massive wealth out of greed and mis-out the quality living is meaningless...Money has power.i agree,the same money may have power over the individual and wipe out the inner peace.if you have money you can certainly expand your external choices of freedom by various means for example- One can afford to buy a big bungalow with all comforts and conveniences,even one may own a private jet. but again the money may not afford to buy your peace within. The inner freedom is the ultimatum.The greedy person may not enjoy the joy of life.The inner freedom will be lost out of guilt.Guilt is a kind of slow poision it will take away one's life just like that day in and day out.

The recent news in the media that triggered my thought so deeply and would like to share with my reader.

The IPL scam,The so called self proclaimed enlightened!! Nithyanda and The arrest of the medical council president..and so on...Every where one thing is common, that is GREED.if one start accumulating wealth beyond his/her needs the devil comes in.The great saint Adi Sankara said in his Bhajagovindam,if the father accumulates so much of wealth,that means..he is inviting a trouble unto himself.Soon or latter his own son will become his enemy.(The son will expect,when the fater will go and enjoy the assets).

Use money as a utility. Money is just a utilitarian.Do not addict to it.how much money one may have is not important but how one live a quality of life is very important.

Being in a palce and live like a begger is a stupid thing.Instead be a begger and live like a king is an ideal thing.Understand the meaning of life.Do not run behind money and miss out the whole life.if life is gone,gone for ever .One can not carry the money when one attain death.Death will take away all your money,power and fame...infact everthing that you have accumulated over years..Even you can not take away your own body with you.

How many kings who came and gone...how many kingdoms gone to dust..Your accumulated power become meaningless some or the other day.Don't be fooled by your money and its power.if so..you will miss a great life here.

What one can do with 1800 crores hot cash and 1500 Kg's of Gold ? (worth about Rs.250 crores)

Income Tax Scrutiny Faced by Arrested Medical Council Chief and was Raided Earlier
On Saturday, a CBI source revealed that Medical Council of India President, Ketan Desai, who was arrested by CBI on Friday in a fraud case, was forayed previously by the bureau and income tax sleuths.

After inspection, bureaus found arcane receipts of Rs.6.5 million through bank drafts in the names of his wife, daughters and himself. Desai was isolated from the committee on basis of the Delh1 High Court.

Later, he was re-elected to the council.
According to the source, Desai and others were hindering from their inquiry.

On Friday, Desai was under arrest for demanding a huge bribe from a middleman, J.P. Singh who resides in Delhi and Dr. Kawaljeet Singh of Gian Sagar Medical College.

The CBI said that Desai was approached by Sukhwinder Singh, Vice Chairman of the Gian Sagar Charitable Trust and a trustee of the medical college, through J.P. Singh.
The approach was to discover ways to surmount the deficits concerning infrastructure of the college and to get consent from MCI' to begin admissions.
CBI has taken all of them in custody.
News source:-http://www.topnews.in/income-tax-scrutiny-faced-arrested-medical-council-chief-and-was-raided-earlier-2259739

Be Brave

'If you're never scared or embarrassed or hurt,

it means you never take any chances.'

Investment Strategies

Top 10 Investment Strategies:-

Here are top ten Investment Strategies that must follow while you entered in Share/Stock market trading.

1. Get Information Before You Invest, Not After
2. Set a well defined objective for each individual investment.
3. Be specific.
4. Be reasonable in expectations.
5. Consider Risk.
6. Be measurable.
7. Buy Low, Sell High. Buy High, Sell Higher.
8. Buy on the Rumour, Sell on the News.
9. Buy the Stock That Splits.
10.Never Buy a Stock Only Because It Has a Low Price.

One additional advice from my side: Avoid Over trading.

Today what i have recived in Yahoo Chat

We live in the nation were Pizza reaches home faster then an Ambulance or Police. Where Rice is 40 Rs/ kg but Sim card is free. Where every body wants to be famous but no body wants to follow the path to be famous . Where Millionares makes millions in IPL- tax free income.But you and me have to pay VAT on essentials things.

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Where Gandhiji's Congress leaders get Rs 10 as subsidy per litre of Liquor & we cant give enough milk for children @ 34/litre. INCREDIBLE INDIAAA

Thanks to:-
Naba khuntia for sending me this message in yahoo chat.

LIFE IS MEANT TO CELEBERATE

HOPE IS THE MUST IN ALL SITUATIONS

"The world is a tragedy to those who feel,

but a comedy who think...

hope is necessary in every condition.. "

IMPROVEMENT IN GDP -Per Capita Ranking

Note: GDP per capita as corrected by purchasing power parity

Source: World Bank


As the chart of the day shows, India steadily improved its rank among 109 nations for which data of income per head, adjusted for purchasing power is available. In 1975, India was the 90th poorest nation. By 2004, it was the 75th poorest nation. The one nation that outdoes India's performance - no prizes for guessing - is China. It has moved up from 108th rank to 58th during the period, crossing over India somewhere between 1984 and 1994. Surely, both India and China can be expected to move further up in the ranking in the coming years.

courtesy:-Equitymaster Agora Research Private Limited

Safeguard yourself from credit card frauds

In recent times, there have been a spate of news items revealing a credit card fraud. In one such item, two youngsters were caught duping credit card holders by offering them new credit cards with higher credit limits by trading in their old credit cards. The youngsters then used the old cards to make their purchases, mostly electronics. This is how they laid the plot.

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They would call up credit card holders representing themselves as employees of the credit card company. They would inform these clueless customers about a new scheme about new credit cards with greater purchase limits in exchange of old ones. Then they would also inform customers that the company's representative would soon visit them with the new card, which would be activated as soon as they filled in a form!

This news only reinstates the importance of being a vigilant customer and using credit cards with utmost prudence. Here are a few things one can do:

1. If you lose your credit card, it is necessary to inform your credit card company immediately. This will enable the card issuer to freeze the card with immediate effect and prevent any purchases on the card. The important thing for you is that your liability is limited once you inform the credit card issuer.

2. Destroy your old card completely before you begin using your new card. This is important even if your old card has expired or you are upgrading your card.

3. Keep your card in a safe place and do not allow other people to handle it.

4. Be prudent about signing up for new offers. Double-check the genuineness of the scheme. A simple way to verify genuineness of any scheme is to call up the credit card company and inquiring with them.

5. Change your PIN at regular intervals. Do not use obvious PIN like birth dates.

6. Inform your credit card company immediately if you do not receive your monthly credit statement. It could be a case of identity theft where the fraudster has changed your billing address.

7. Use chip based credit cards. These cards offer better security than credit cards with black magnetic stripes. This is because in a chip based card, all information is stored in the small chip in encrypted format and it also uses a PIN. This makes changing or copying this data extremely difficult.

8. So, the chance of data being misused while swiping the card is very remote. It is the highest level of security that credit card companies can offer at present. Citibank and Kotak Mahindra issue chip based cards to select high range customers. Axis bank's VISA Platinum card is also chip-based. HDFC Bank also has begun issuing these cards.

9. Be careful while shopping online. This is because you are required to give the CVV number for making purchases over the Internet. For this, be sure you shop only from secure websites. Ensure that the website is certified by VeriSign. Look for a yellow lock on the bottom right hand corner of the screen.

10. If you have a large credit limit on your card and use it frequently for several purchases including online and telephone purchases, it is a good idea to get your card insured. You cannot prevent credit card fraud but at least minimize its impact on your financial stability! You can protect yourself from fraudulent charges on your card up to 12 hours before reporting the loss to the credit card issuer.

By BankBazaar.com - an online marketplace for your personal loan and home loan needs.

Source:-
http://in.finance.yahoo.com/personal-finance/loans_basics/75/safeguard-yourself-from-credit-card-frauds/

INTREST...................

A Chinese laundryman in Santa Barbara opened a savings account in one of the city's leading banks and went faithfully every week to deposit his profits.

After some months he had accumulated a very substantial amount so he decided to close the account. He arrived at the bank teller's window and announced that he wanted to withdraw all his money.

The young teller was taken by surprise so he asked him if something had gone wrong. The Chinaman explained very carefully that he was going to get married and go on his honeymoon.

Then the teller said, "Just take what you need for your immediate requirements."

When the man insisted on closing the account, the teller summoned the manager who tried to influence the man into changing his mind.

He explained to him two or three times that if he took out all his money he would lose the interest. But the laundryman was not to be talked out of his plan and he finally walked out of the bank with all he had on deposit.

A few weeks later the bank manager chanced upon the laundryman in the street. After a most casual greeting the manager asked about the honeymoon and the married life.

The fellow had only this to say: "No good. Honeymoon and married life just like banking: put in, take out, lose interest!

hahaaaaaa...
have wonderful time...
thanks for all love...and being my friend >Akash

Married life just like banking: put in, take out, lose interest !

Ulip's Ban Waived?

The capital markets and insurance regulators have agreed to maintain current status on unit-linked insurance products, television channel CNBC TV18 showed Finance Minister Pranab Mukherjee as saying on Monday.

The Securities and Exchange Board of India (SEBI) and the Insurance Regulatory Development Authority (IRDA) have also agreed to abide by legal verdict, Mukherjee told reporters after meeting the heads of the regulatory bodies.

Late last Friday, the SEBI said it barred 14 life insurance companies from issuing unit-linked insurance products (ULIPs) without the capital markets regulator's approval with immediate effect.

In response, insurance regulator IRDA on Saturday assured policyholders their investments are safe and issues arising out of SEBI orders will be addressed in the "appropriate forum".

(Reporting by Manoj Kumar; editing by Malini Menon)
(For more business news on Reuters Money visit http://www.reutersmoney.in/)

Source:Yahoo Finance >

http://in.news.yahoo.com/137/20100412/748/tbs-mukherjee-sebi-irda-to-maintain-ulip.html

Do Not Fear

" Do right and fear no man."

SEBI Bans 14 Insurance companies from selling ULIPs

Market regulator SEBI has banned 14 major insurance companies from raising money from the public for any unit-linked insurance products (ULIPs), fueling a fresh war between SEBI and insurance watchdog IRDA, reports CNBC-TV18's.

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The 14 companies are SBI Life, ICICI Prudential, TATA AIG, Aegon Religare Life, Aviva Life, Bajaj Allianz, Bharti AXA, Birla Sunlife, HDFC Standard Life, ING Vysya Life, Kotak Mahindra old mutual life, Max New York Life, Metlife India and Reliance Life.

While passing the order late last night, the Securities and Exchange Board of India said the entities have not obtained any registration from the regulator though the ULIPs launched by them had an investment component in the nature of mutual funds. The order is to come into force with immediate effect.

SEBI had issued show cause notices to all these companies in January.

Commenting on the same, IRDA Head said it would approach the court to decide ULIP regulatory jurisdiction, reports CNBC-TV18 quoting NewsWire18. Further he said they were awaiting a copy of SEBI’s order banning ULIP sale and was not aware of any such move.

Unsure about when the court would decide on the ULIP regulator, he said over Rs 1 lakh crore in the products was a fair estimate.

Source:- http://www.moneycontrol.com/news/cnbc-tv18-comments/sebi-bans-14-insurance-cosselling-ulips_451089.html

QUALITY OF LIFE

* Life expectancy, adult literacy, education enrollment & GDP per person Data Source: The Economist

The quality of life in india has drastically changed since the year-1990. The above charts shows india is ahead of russia and brazil among the BRIC nations. You can also Notice one thing the difference between india and china is very marginal and soon india may come to the first place on the coming years.

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An Optimist...

"The optimist proclaims that we live in the best of all possible worlds;

and the pessimist fears this is true."