Friday, June 27, 2008

Fresh News

The Kerala government on Wednesday signed a memorandum of understanding (MoU) with the British Council of India to take over all the books of the British Library that closed here in February.

 

The Kerala government yesterday decided to set up a 'Malayalam Mission' to promote use of mother tongue among NRKs.

 

Kerala to set up Malayalam Mission for diaspora.

 

The long season of traditional boat races or Vallom Kali has begun in Kerala, starting with the colourful Champakkulam boat race.

 

A host of programmes are being worked out for non-resident Indians (NRIs) from Kerala, including a welfare scheme and issuing of identity card which will serve also as an insurance and discount card, Chief Minister VS Achuthanandan told the state assembly.

 

Manan Shah 28, rode atop Minnie an Asian elephant to arrive at his wedding outside the Ronald Reagan Building and the International Trade Centre. Stunned onlookers lined up with cameras and photophones.

 

British students are using Indian expertise in IT to complete their course work by posting them on outsourcing websites and buying completed assignments. Known as contract cheating.

 

Dubai Infinity Holdings has announced a multi million dollar joint venture to build an entertainment district in Dubai.The Yash Raj Films Entertainment District will comprise of theme park attractions, a movie palace, hotel concepts and other unique Indian genre entertainment concepts.

 

In a survey by independent body - Pew Research Centre, in which over 16 nations were polled on the favourability ratings of five major countries, the popularity of the USA in India turned out to be the top of the pops.

 

A hike in the medical fees for seats under the NRI quota in self financing colleges in Kerala has made the study of medicine costly.

 

The Sultanate of Oman will deport some 3500 Indian illegal workers who have overstayed their visas.The Oman government has agreed to permit thousands of Indians living illegally in the country to leave without paying fines.

 

Some 38,274 student visas were issued from across India in fiscal 2006-07, of which the Chennai consulate issued 19,973, making Chennai one of the largest sources of students.

 

The government of India has decided it will not permit commercial airlines to hire foreign co-pilots, in the hope the move will open up opportunities for thousands of aspiring pilots.

Wednesday, June 11, 2008

Fresh News

Marine Drive in Kochi is the costliest real estate property in Kerala.

 

The Kerala High Court has temporarily stopped the construction work at Vizhinjam International Harbour for two weeks.

 

Kerala has launched a new initiative, Malayalam Computing, to help people across the state operate computers in their mother tongue and thereby bridge the digital divide.

 

Kerala to develop Beypore and Azhikkal ports.

 

A House of Commons committee has been constituted to assess the impact of the new points based migration system introduced in Britain, that has impacted the three billion pound Indian restaurant and catering industry in the UK.

 

Sixteen Indian workers were arrested after they were found working illegally on a farm in Evesham, south west England.

 

The Oman government has agreed to permit thousands of Indians living illegally in the country to leave without paying fines.

 

The Kerala government has started their pending plan to issue photo IDs to Non Resident Keralites, and are launching the pilot scheme at Mankada Malappuram, in the state.

 

Government announced in Delhi that the government has selected the Manipal Academy of High Education (MAHE) to run the proposed Persons of Indian origin (PIO)/NRI University to be set up in Bangalore.

 

The government of Singapore has invited overseas Indians from South East Asia and the Pacific nations to hold a two day jamboree in October this year.

 

Of the 164,000 outsiders granted UK citizenship last year nine percent were Indians according to Home Office figures, making Indians the most favoured ethnic group in Britain.Figures released by the Home Office say that Indians are generally law abiding and enterprising, few are in jails compared to other ethnic groups.

 

A group of Indian workers are to launch a hunger strike in front of the White House - the residence of the US President in Washington DC to demand the Indian government protect their citizens from exploitation by American companies and harassment by US immigration authorities.

 

The government announced it will introduce E passports that will carry biometric information in a chip, in its step to check the misuse of passports.

 

India with its increasing number of millionaires is projected to be in the 8th position among the world's top 10 wealth centres by 2017, says a report by banking giant Barclays.

 

In its second phase of the overhaul of its immigration policy Britain introduced criteria that requires British employers to prove they cannot fill skilled posts with residents or European workers.

 

A 27 storey skyscraper in Mumbai that is to be the residence of Mukesh Ambani could well be the world's most expensive home at a price tag of US$2 billion, according to Forbes magazine.

 

Two million Keralites live abroad and one million temporary migrants, mostly construction labourers who make up the collective overseas workforce send home remittances that is changing lives in Kerala. Bottom line, it means one in three Keralites benefit by migrants according to a scholar with the Centre for Development Studies in Thiruvananthapuram. Gulf remittances form almost a third of Kerala's income, most of which is spent on housing or savings.Banks say NRIs are their top customers with more than a quarter of deposits coming from NRIs from Dubai, Sharjah and Bahrain.

Bill Gates Speaks

Bill Gates recently gave a speech at a High School about 11 things they did not and will not learn in school. He talks about how feel-good, politically correct teachings created a generation of kids with no concept of reality and how this concept set them up for failure in the real world.

 

 

Rule 1

: Life is not fair - get used to it!

 

 

Rule 2

: The world won't care about your self-esteem. The world will expect you to accomplish something BEFORE you feel good about yourself.

 

 

Rule 3

: You will NOT make $60,000 a year right out of high school. You won't be a vice-president with a car phone until you earn both.

 

 

Rule 4

: If you think your teacher is tough, wait till you get a boss.

 

 

Rule 5

: Flipping burgers is not beneath your dignity. Your Grandparents had a different word for burger flipping: they called it opportunity.

 

 

Rule 6

: If you mess up, it's not your parents' fault, so don't whine about your mistakes, learn from them.

 

 

Rule 7

: Before you were born, your parents weren't as boring as they are now. They got that way from paying your bills, cleaning your clothes and listening to you talk about how cool you thought you were. So before you save the rain forest from the parasites of your parent's generation, try delousing the closet in your own room.

 

 

Rule 8

: Your school may have done away with winners and losers, but life HAS NOT. In some schools, they have abolished failing grades and they'll give you as MANY TIMES as you want to get the right answer. This doesn't bear the slightest resemblance to ANYTHING in real life.

 

 

Rule 9

: Life is not divided into semesters. You don't get summers off and very few employers are interested in helping you FIND YOURSELF. Do that on your own time.

 

 

Rule 10

: Television is NOT real life. In real life people actually have to leave the coffee shop and go to jobs.

 

 

Rule 11

: Be nice to nerds. Chances are you'll end up working for one.

#END

Friday, June 6, 2008

Investments (please read the disclaimer)

Stock Market

Rising inflation, fiscal deficit, high oil prices etc caused Indian Rupee to depreciate against Dollar and FIIs are selling consistently. Low value for Indian Rupee affects profits of FIIs. Increase in petrol and diesel prices will cause further increase in inflation which is bad for stock market. There are further worries on global side.

Market is relatively at lower level but further downside cannot be ruled out. Market is expected to see positive bias once inflation is under control.

Expected good monsoon and softening of crude oil/commodities are positive for the market

 

Commodities

Strong dollar is affecting Bull Run in commodity prices with Oil, Gold and metals softening. Good monsoon will ease price pressures in agri commodities.

 

Dollar

Factors like selling by FIIs in Indian Stock market, rising fiscal deficit, increasing oil import bill have caused further slide for Indian Rupee. It is hovering around Rs 43 per Dollar. Those NRIs who were waiting for a better rate of Dollar or Dollar linked currencies (as compared to the old rates) to send money to India, can consider doing so.

One Liners

•             Ninety-nine percent of lawyers give the rest a bad name.

 

•             Never answer an anonymous letter.

 

•             No one is listening until you make a mistake.

 

•             Give me ambiguity or give me something else.

 

•             Always remember that you are unique; just like everyone else.

 

•             There are three kinds of people: Those who can count and those who can't.

 

•             Why is "abbreviation" such a long word?

 

•             42.73 percent of all statistics are made up on the spot.

 

•             If at first you don't succeed, destroy all evidence that you tried.

 

•             On the other hand, you have different fingers.

 

•             I used to think I was indecisive, but now I'm not too sure.

 

•             If everything is coming your way, then you're in the wrong lane.

 

•             They told me I was gullible...and I believed them.

 

•             The early bird gets the worm, but the second mouse gets the cheese.

Top News

The Kerala government is planning to forward eight applications for the establishment of Special Economic Zones (SEZ) to the centre.

The Kerala government targets at least Rs 10000-crore private investment in the current fiscal.

India has emerged as Dubai's top trade partner in terms of both import and export.

Bahrain’s only low-price carrier, Bahrain Air, launched its Kerala operations with its inaugural flight arriving Kochi.

The Kerala Government has signed an MoU with the Survey of India for seeking help in completing the re-survey of lands in the 3 years.

Air India will shortly announce major reduction in basic fares from Kerala (Kochi, Kozhikode, and Trivandrum) due to lower tax on aviation fuel.

The process to notify 'fair prices' for lands in Kerala was fast progressing, in order to curb stamp duty evasion during land sales.

MAHE Trust promoted NRI University will come up in Bangalore to provide affordable and quality education to children of Non-Resident Indians (NRI).

Kerala needs a high-speed road corridor from Kasargod in the north to Trivandrum in the south - Kerala Government.

Qatar Airways plans to operate scheduled flights to Kozhikode, the northern city of Kerala, beginning June 15.

Monsoon arrives at Kerala.

Lanco Consortium has emerged winner for development of the Rs80bn (US$2bn) Vizhinjam International Container Port Project in Trivandrum.

Malayalam film superstar Mammootty has been invited to be the chief guest at the 6th World Malayalee Conference 2008 in Singapore Aug 22-24.

Fresh News

The Kerala government Monday suffered a setback when the Kerala High Court asked it to return the possession of the Trivandrum Golf Club to the club members.

 

The Kerala Cabinet granted permission for the fourth airport in the state today in Kannur.The proposed airport in Kannur in north Kerala will be developed on Build, Operate and Own or BOO model.

 

Kerala Government will set up five IT parks at Kollam, Alappuzha, Thrissur, Kannur and Kasaragod districts in the State.

 

An international convention centre will be set up here by the Kerala government in collaboration with Mumbai-based Chalet Hotels at Trivandrum.

 

The Kerala High Court on Tuesday directed the state government not to proceed with the work relating to the Vizhinjam Deep Water Transhipment project.

 

Non-resident Indians (NRIs) are now eligible to be registered as FIIs for investment in Indian Stock Market.

Monday, June 2, 2008

Fresh News

Punjab government would setup a 24-hour toll free call centre to redress of problems and grievances of the Punjab origin NRIs.

 

The Kerala government is planning to forward eight applications for the establishment of Special Economic Zones (SEZ) to the centre.

http://www.thaindian.com/newsportal/politics/kerala-likely-to-get-eight-new-sezs_10053389.html

 

The Kerala government targets at least Rs 10000-crore private investment in the current fiscal.

 

India has emerged as Dubai's top trade partner, with the country heading the list of import and export destinations from the latter in the first quarter of 2008.

 

Bahrain’s only low-price carrier, Bahrain Air, launched its Kerala operations with its inaugural flight arriving Kochi.

 

The Kerala Water Authority (KWA) has decided to put on hold all applications for fresh domestic water supply connections in Thiruvananthapuram

 

The Kerala Government has signed an MoU with the Survey of India for seeking help in completing the re-survey of lands in the 3 years.

 

Air India will shortly announce up to 83% reduction in basic fares from Kerala (Kochi, Kozhikoda, and Trivandrum) and Andhra Pradesh (Hyderabad).

 

The Punjab University has decided to keep 15 per cent reservation for NRI students in all the departments.

 

Malayalam film superstar Mammootty has been invited to be the chief guest at the 6th World Malayalee Conference 2008 in Singapore Aug 22-24.

DISCLAIMER

The author is not a registered financial adviser, and you should not construe anything written here to be investment advise or recommendation. All information is for expressing views/ opinions & discussion only. No representation is being made that any investment made on the basis of data or information on this blog will result in profits. This blog is not associated with any organization or company in any manner. The author may or may not be investing in the products mentioned. Contents, gathered from various sources without any liability on the part of the author, may or may not represent author's view.