Stock Market

hi
Before investing make sure the sector is not dependant on government policies. Sector like Cement, Sugar, Oil etc. are directly linked to goverment policies. If government announces which have a negative effect on industry then whole sector gets hit. Cement and Sugar are two examples.
Although its diificult to take a call on any stock. but with calculated risc good return are always possible. I think one should look for the stock which has a public fancy, strong growth and low market cap.

What are SEZ all about.

Breaking it down
SEZs are geographical regions that have economic laws that are different from a country’s typical economic laws. They are, most often, focused on exports.
They allow export-oriented businesses and services to work in duty-free enclaves with distinct trade operations, duties and tariffs.
The world’s first SEZ came up in China, the country that has been impacted the most by the idea. It has also been tried out in the US and Australia. India is following the Chinese model.
The India story: The Kandla export processing zone in Gujarat, set up in 1965, was the forerunner to India’s SEZs. Exports here have risen from less than Rs10 lakh in 1966 to more than Rs1,000 crore in 2005.
In India, 25% of a SEZ is used for industrial and business purposes, and 75% for real estate and commercial complexes.
Businesses in a SEZ get a complete tax holiday for the first five years and 50% for the following five; they do not need licences to import material and machinery.
SEZs can be developed only in partnership with the central or state governments.
There are four kinds of SEZs in India: for multiple products; for multiple services; for specific sectors (auto, for instance); and for special categories (IT, biotechnology, non-conventional energy, and gems and jewellery).
Will boost a host of ancillary sectors.
Will create an internationally competitive and hassle-free environment for exports.
Farmland will be protected. No double-crop land can be acquired for a SEZ; the 75,000 hectares of land waiting for SEZ development constitutes only 0.000625% of the 120 million hectares of cultivable land in India.
...and against: Tax sops and other incentives could divert industrial activity from the rest of the economy, fuelling inequitable and uneven development.
Acquisition of agricultural land could cause large-scale displacement of farmers in the name of industry, and spark a variety of social problems.
Forest and tribal lands are in danger as property developers eye vast tracks of land to set up SEZs.
Lack of transparency in the way the land is procured from farmers; inadequate compensation.
Loss of revenue due to tax incentives and exemption of duties.
SEZs will benefit only real estate and property developers since merely 25% of the land has to be used for industries or manufacturing.
The SEZ Act does not include labour laws; this could lead to the exploitation of workers.

How India's Budget is prepared

The Budget process is a massive exercise. The exercise has different stages and each stage kicks off at a different stage of Budget making process.
The two sides of the Budget
Like our family budget, the nation's General Budget has two major parts: Revenue and Expenditure.
Assessing the revenues from different central taxes is the primary function of the Department of Revenue and the expenditure estimates for the current and the next year for various expenditure heads are assessed by the Department of Expenditure. The Department of Expenditure also assesses the resources of the public sector undertakings (PSUs).
The Budget division is a part of the Department of Economic Affairs. The Finance Secretary coordinates the overall Budget-making process. All of them keep the finance minister informed and seek directions from time to time. The Chief Economic Advisor assists the concerned departmental officer in this process.
1) Resources (Revenues) side
Leaving aside the tax receipts, the other sources of the revenue which go into the Budget are the dividends paid by the PSUs on the government shareholdings, including the interim dividends and the capital receipts on account of the divestment of the government share holdings.
How the Budget affects the Sensex
Besides external receipts on account borrowing from international agencies like World Bank, ADB, etc, are also estimated and included in the assessment of the gross budgetary resources of various programmes under various ministries.
Resources of the public sector undertakings, including their operating surplus and the borrowings by them, also constitute an important component of the gross budgetary resources and goes to fund their plan.
The general policy is to fund the plans of the PSUs through their own resources except in some strategic and economically vital areas where the budgetary support is provided based on the recommendations of the Planning Commission.
This assessment of the Internal and External Budgetary Resources(IEBR) conducted by the Department of Expenditure forms part of the total plan resources and is also reflected in the budget documents.
Tax? 10 things to do before March 31
To estimate the earnings of PSUs, the government invites CMDs or the finance directors of the PSUs to the North Block. A joint secretary level officer of the ministry of finance holds one-on-one meeting with the PSU chairmen and estimates revenue.
He passes on the information to Expenditure Secretary, who in turn, passes on the information to Finance Secretary. This exercise starts usually in the month of August/September. This revenue forms a part of plan expenditure.
Now comes role of the ministries of the government. Each ministry has a financial advisor. The financial advisor is called by the ministry of finance and asked about the expenditure of the amount allocated to his ministry. Generally, ministries are not able to spend the allocated amount but some may overspend as well.
Based on the inputs of different ministries Revised Estimate (RE) is prepared. Revised Estimate means as to how much is actually required by the ministry.
India's 10 fastest growing cities
As a part of the expenditure management, the government has issued instructions to various ministries to adhere to the quarterly expenditure schedule and to avoid bunching of the expenditure in the last quarter.
Additional funds are also provided in the RE stage. Important is the estimates of the non-plan requirement for the next year.
Plan allocations are to be provided by the Planning Commission later based on the total gross budgetary support (GBS) indicated by the ministry of finance. This exercise starts in the month of October-December.
As is known, the Department of Revenue, the ministry of finance has two boards -- Central Board of Direct Taxes (CBDT) and Central Board of Excise and Customs (CBEC). By mid-January, these boards give the figure of tax collection up to December 31. For remaining three months, tax collection is assumed on the basis of previous trends.
The boards also estimate the tax revenue expected in next financial year. The integrity of the budget making depends on the realistic nature of these estimates particularly in the face of the fiscal discipline imposed by the FRBM Act.
It is a happy development in the past two or three years the estimates are generally not very wide off the mark.
2) Expenditure side
Parallel to all this, the Planning Commission goes into stock-taking mode. It starts meeting with individual ministries in the month of September-October and reviews ongoing schemes of the ministries, considers allocation for them, etc. It may decide to stop some ongoing scheme or merge two similar schemes.
Thus, an estimate of Plan Budget is prepared. The Planning Commission conveys to the ministry of finance that it requires so and so amount to run planned schemes for next financial year.
The finance minister and the Deputy Chairman of Planning Commission discuss the demand in detail. This way Plan Expenditure is ready. Different ministries are also asked to tell about their fund requirement, which forms a part of budget estimate.
Side by side, Department of Economic Affairs meets representatives of trade unions, industry chambers, economists and other groups. In the Budget-making exercise, suggestions of different stakeholders are kept in mind.
FM has to decide with his team
By this time, the finance minister is in a position to estimate as to how much it will get through taxes and how much it has to spend in coming financial year.
The finance minister has other constraints also. He has to abide by FRBM Act and cut fiscal deficit. Keeping in mind all these, the finance minister -- with his team -- decides whether some new taxes should be levied to collect more tax, how to widen tax net in order to earn more revenue. While doing so the suggestions from various interest groups are duly taken into account.
GDP assessment
The Department of Expenditure and the Department of Economic Affairs sit to decide GDP assessment for next year. Generally, a nominal growth in GDP is projected. Actual growth in GDP is nominal growth of GDP reduced by inflation figure.
The Budget Speech of the FM
Now comes the Budget Speech. It is fine-tuned to the last minute. Around February 15, some of the Budget documents are almost ready and goes for printing to a press located in North Block itself. Security agencies cordon off the press and entry is almost prohibited.
The D-Day: The finance minister delivers the Budget Speech in Parliament. Normally, on February 28, the finance minister delivers the Budget Speech in Lok Sabha. After which Budget documents are made available.
These are also put on the Web site www.finmin.nic.in.
However, 2008 being a leap year, this time the Budget would be presented to Parliament on February 29.

Man & WomaN

Easy a Man, Difficult a Woman




A brand new store has just opened in New York City that sells Husbands.When women go to choose a husband, they have to follow the instructions at the entrance:"You may visit this store ONLY ONCE!" There are 6 floors and the value of the products increase as you ascend the flights. You may choose any item from a particular floor, or may choose to go up to the next floor, but you CANNOT go back down except to exit the building! So, a woman goes to the Husband Store to find a husband.On the 1st floor the sign on the door reads:Floor 1 - These men have jobs. The 2nd floor sign reads:Floor 2 - These men Have Jobs and Love Kids.The 3rd floor sign reads:Floor 3 - These men Have Jobs, Love Kids and are extremely good looking."Wow," she thinks, but feels compelled to keep going.She goes to the 4th floor and the sign reads:Floor 4 - These men Have Jobs, Love Kids, are Drop-dead Good Looking and Help with Housework."Oh, mercy me!" she exclaims, "I can hardly stand it!"Still, she goes to the 5th floor and sign reads:Floor 5 - These men Have Jobs, Love Kids, are Drop-dead Gorgeous, help with Housework and Have A Strong Romantic Streak.She is so tempted to stay, but she goes to the 6th floor and the sign reads:Floor 6 - You are visitor 31,456,012 to this floor. There are no men on this floor. This floor exists solely as proof that women are impossible to please. Thank you for shopping at the Husband Store.To avoid gender bias charges, the store's owner opens a New Wives store just across the street.The 1st floor has wives that love sex.The 2nd floor has wives that love sex and have money.The 3rd through 6th floors have never been visited.*******

four cats

Four men were bragging about how smart their cats were .The first man was an Engineer, the second man was an Accountant, the third man was a Chemist and the fourth man was a Government Employee.To show off, the Engineer called his cat,"T-square, do your stuff."T-square pranced over to the desk, took out some paper and pen and promptly drew a circle, a square, and a triangle. Everyone agreed that was pretty smart. But the Accountant said his cat could do better.He called his cat and said,"Spreadsheet, do your stuff."Spreadsheet went out to the kitchen and returned with a dozen cookies. He divided them into 4 equal piles of 3 cookies ............Everyone agreed that was good.
But the Chemist said his cat could do better. He called his cat and said "Measure, do your stuff."Measure got up, walked to the fridge, took out a quart of milk,, got a 10 ounce glass from the cupboard and poured exactly 8 ounces without spilling a drop into the glass.Everyone agreed that was pretty good.Then the three men turned to the Government Employee and said, "What can your cat do?"The Government Employee called his cat and said....."Coffee Break.....do your stuff."Coffee Break jumped to his feet...........Ate the cookies...............Drank the milk..............Sh*t on the paper....................Screwed the other three cats.....................Claimed he injured his back while doing so..................Filed a grievance report for unsafe working conditions.........Put in for Workers Compensation...............andWent home for the rest of the day on sick leave.............!!!!!!!!!!**********

Top Sensex Stocks to be watched in 2008

Strong Indian Economy is facing challenges by Global Economy. Inspite of this fact Mutual Fund and Retail Investor are showing confidence in Indian Companies. Sensex and Nifty may be bearish for small term but good result and budget will induce some confidence into customers. Stocks to be watched sectorwise are
Capital Goods:
Indo Asian Fuse
BHEL

Telecommunication:
Bharti
RCOM
Idea
Tata Tele.

Banking
SBI
CBoP
UCO Bank
ICICI Bank

Retail:
Vishal Retail

Broking Houses:
India Infoline
Geojit Financial

Power:
NTPC
Reliance Power
Tata Power

Steel
Ispat Industries
SAIL
Tata Steel
Balasore Alloys

I knew you would come

I knew you would come



There were two childhood buddies who went through school and college and even joined the army together. War broke out and they were fighting in the same unit. One night they were ambushed.Bullets were flying all over and out of the darkness came a voice, " Harry, please come and help me."Harry immediately recognized the voice of his childhood buddy, Bill. He asked the captain if he could go. The captain said, "No, I can't let you go, I am already short-handed and I cannot afford to lose one more person. Besides, the way Bill sounds he is not going to make it." Harry kept quiet.

Again the voice came, "Harry, please come and help me." Harry sat quietly because the captain had refused earlier. Again and again the voice came.Harry couldn't contain himself any longer and told the captain, "Captain, this is my childhood buddy. I have to go and help."The captain reluctantly let him go. Harry crawled through the darkness and dragged Bill back into the trench. They found that Bill was dead. Now the captain got angry and shouted at Harry, "Didn't I tell you he was not going to make it? He is dead, you could have been killed and I could have lost a hand. That was a mistake."Harry replied, "Captain, I did the right thing. When I reached Bill he was still alive and his last words were 'Harry, I knew you would come ."'*******

40 Funny Quotes and Thoughts

40 Funny Quotes and Thoughts
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" Have you ever noticed that anybody driving slower than you is an idiot and anyone going faster than you is a maniac?"

"It's amazing that the amount of news that happens in the world everyday always just exactly fits the newspaper."

"If it were not for Thomas Edison, we would all be watching television in the dark."

"Computers will never take the place of books. You can't stand on a floppy disk to reach a high shelf."

"An consultant is someone who takes a subject you understand and makes it sound confusing."

"Love is so confusing - you tell a girl she looks great and what's the first thing you do?Turn out the lights! "


"I don't suffer from stress. I'm a carrier."

"The male is a domestic animal which, if treated with firmness and kindness, can be trained to do most things."

"I couldn't repair your brakes, so I made your horn louder."

"Always remember that you are absolutely unique. Just like everyone else."

"Never argue with a fool. People might not know the difference."

"The guy who invented the first wheel was an idiot; The guy who invented the other three, he was the genius. "