Economic updates from newspapers

v  RBI allowed Indian companies to take fresh external loans and issue new FCCBs to address debt obligations.(BS)

v  Shri Harun Rashid Khan on Monday assumed charge as Deputy Governor of the Reserve Bank of India for a period of three years. (ET)

v  RBI imposed a fine of Rs 25 lakh on Citibank for breaching various guidelines and instructions related to KYC & AM guidelines.(BS)

v  Good economic growth, favourable demographics and under-penetration is benefiting the growth of Indian banking sector and banks in the country are expected to have another good year during 2011-12, says a report by Standard & Poor's.(FE)

v  SBI may see pressure on its net interest margins and profitability in the current environment, which is marked by increasing competition and high inflation, says Standard and Poor’s.  (BS)

v  Dhanlaxmi Bank entered the gold retailing business with the launch of ‘Dhan' gold coins.(BL)

v  Lakshmi Vilas Bank has introduced Visa Debit Gold Card for its premier customers.(BL)

v  Mid and small-sized private banks are approaching institutional investors and private equity funds to raise money amid declining capital adequacy ratios.(BS)

v  SBI Life unveils variable insurance plan.(FE)

v  Top MFIs such as SKS and Bandhan are looking at alternative options like non-convertible debentures and commercial paper for raising funds.(BS)

v  Department of Posts plans to introduce Core Banking Solution by 2012.(ET)

v  FDI flows into India in May more than doubled to about $4.7 billion from the same period a year ago, says  Government.(ET)

 

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Report of the Working Group on Operating Procedure of Monetary Policy - Deepak Mohanty Committe Report

 Following the First Quarter Review of Monetary Policy for 2010-11 (July 2010), the Reserve Bank constituted a Working Group to Review the Operating Procedure of Monetary Policy in India (Chairman: Shri Deepak Mohanty). Based on the Group's recommendations, it has been decided by RBI to make the following changes in the extant operating procedures of monetary policy:

 

·        The weighted average overnight call money rate will be the operating target of monetary policy of the Reserve Bank.

·        There will henceforth be only one independently varying policy rate and that will be the repo rate. The transition to a single independently varying policy rate is expected to more accurately signal the monetary policy stance.

·        The reverse repo rate will continue to be operative but it will be pegged at a fixed 100 basis points below the repo rate. Hence, it will no longer be an independent rate.

·        Under Marginal Standing Facility (MSF) SCBs can borrow overnight up to one per cent of their respective NDTL. The rate of interest on amount accessed from this facility will be 100 basis points above the repo rate. This facility is expected to contain volatility in the overnight inter-bank market.

·        As per the above scheme, the revised corridor will have a fixed width of 200 basis points. The repo rate will be in the middle. The reverse repo rate will be 100 basis points below it and the MSF rate 100 basis points above it.

·        While the width of the corridor is fixed at 200 basis points, the Reserve Bank will have the flexibility to change the corridor, should monetary conditions so warrant.

 

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Stupidmoviedirectors

Stupidmoviedirectors???


Old movie. New watch? Watch it out!



?
You need to hold the trigger to shoot someone or...?




Hmmm.... Aero planes in the Trojan War?



Bows, arrows, ... And cellphones in the olden days?


N here comes I hope everyone's fav......... ..



.





Wow! In those days,... Adidas? Hmmm.... Branded Pirate!

But not as stupid as......



OR THIS ????????

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The Future!

Look closely and guess what they could be...



Are they pens with cameras? NO




Any wild guesses? No clue yet? NOT YET

Ladies and gentlemen... con gratulations! You've just looked into the future...yep that's right!

You've just seen something that willreplace your PC in the near future.

Here is how it works:



In the revolution of miniature computers, scientists have made great developments with bluetooth technology.. .


These are the forthcoming computers you can carry in your pockets .



This 'pen type of instrument' produces both the monitor as well as the keyboard on any flat surface from where you can carry out functions you would normally do on your desktop computer.






Can anyone say .'Good-bye laptops

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اُگتا ہوا سُورج،
ٹھںڈی ہوااےں،
گھنے پیڑوں کی چھاںو،
جادُئی چاںدنی راتیں،
کوہرے سے ڈھکے راستے،
بارِشاُں میں بھیگتے دِن،
سرسوں، عملتاش
اور پلاش کے پھُول!

سب کُچھ تو وہی ہے ن!

फ़ِر کیوں نہی لگتا
کچھ بھی ویسا
جیسا لگتا تھا تُمہارے ساتھ

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बीएसएनएल , रिलायंस या टाटा इंडिकाम ?

इन दिनों एक जगह टिक कर रह पाना कठिन सा हो रहा है और ऐसे में इन्टरनेट पर पहुँचते रहने के लिए लैपटॉप में कनेक्शन ज़रूरी हो गया है.
ब्रॉडबैंड इस्तेमाल करने के बाद डाटा कार्ड पर नेट की गति तो चुभने वाली लगती है फिर भी डाटा कार्ड मजबूरी बन गया है.
पिछले दो एक दिनों में हमने डाटा कार्ड के लिए कई जगह खोज बीन की पर कंफ्यूजन बना रहा.
रिलाएंस की गति तो हमें बहुत धीमी दिख रही है , बीएसएनएल सस्ता है पर होगा कैसा पता नहीं है और टाटा इंडिकॉम का तो कोई आईडिया नहीं है .
 क्या कोई सलाह दे सकता है की बीएसएनएल, रिलाएंस और टाटा इंडिकॉम में से किसका डाटा कार्ड बेहतर रहेगा?

--
रौशन
http://kuhasa.blogspot.com

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Rose in the dust

I was alone at Kapoorthala that day. After spending a good amount of time at Universal Book Depot, I decided not to go for coffee and started to roam around buildings and roads, just thinking nothing. It rather unusual, to be alone and to have an empty mind.
Then I saw a beggar boy of around 10 something age and decided to follow him to see what he was doing. He was moving here and there, some times begging, sometimes just watching others. At a tea stall a college going group of lads offered him a samosa. he took and moved to a corner to eat it.
After moving here and there again he stopped and started look in a direction. I followed his eyes and found he was looking towards a pair where a boy and girl were engaged in heated argument.
It looked that the boy was offering a rose bud, while girl was furious. Finally boy gave the rose to girl and started his bike and went away. The girl, after chasing the boy with eyes, tossed the rose bud towards a corner and left the place.
Now I directed my eyes towards my beggar boy, who was still looking at rose bud.
He went to the corner, took the rose bud and started to move away.
I kept on following him.
He went to backside of a building, collected some dust and planted the rose bud in the dust.
I kept on looking.
The beggar boy symbolized himself.

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It was a Dog there

I made bike slow and started looking on the ground on the side. 

-What?

He asked.

- You forgot the turn?

- No just looking the sign 

I kept my eyes on ground and answered him

- And what was the sign?

- There was a dog sitting on the turn. 

-God! are you crazy ? You sign was a dog? and where the hell that dog may be I guess it must be big enough. 

His voice had a flavour of irritation , something which I liked always.

-In fact after turning I noticed two other dogs were starting to fight. so I guess my signpost dog must has joined them. 

- Oh and then while moving, he must have left something for you.

I made a turn and while turning I pointed towards the ground.

- Yes!  whenever Dogs sit somewhere they dig the soil a little. You see it was there. So this is my turn.

- Damn it ! its a faulty logic. how the hell you take these?

I stopped the bike near a tea stall .

- may be the logic was faulty but i liked the dog and you see we have reached the place. so I was right. Now don't be dog and lets have some tea before going to other dog.

we moved towards tea stalls. there were two one was crowded other was almost empty. I started moving towards empty.

- Now why there? Cant you see this shop is crowded and that one is empty?

- Because crowded one has some tea in pan and I am sure we will have to argue shop owner so that we may get fresh tea. Now as he is already full with customers, he may argue more. This empty shop will treat us like kings.

I ordered tea and we watched him starting to make fresh tea.

- This was again faulty logic I don't know why your faulty logic come succeed at the end.

- Because I know there is nothing in logic, Behave the way you want then search logic if somebody like you is with me. That's my basic logic.

I smiled. I knew my smile will make him more angry, more irritated. 

-Someday I will show how wrong you were

He was irritated indeed.

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You don't win Silver medal, You loose Gold

I was watching some news channels last years when I arrived on a channel where they were talking some guys who were to participate on behalf of India in Olympics-2008. There were some boxers and one of them said;
You don't win Silver medal, You loose Gold
I knew at once that I will have to know some thing about boxing event before Olympics starts as India is going to do well in these events.
It was Akhil Kumar, the guy who did great during games. Though couldn't win a medal but he was inspiring. This was the fighting sprite I always wanted to be shown by Indian sports persons.
I would love to remember year 2008 for Akhil Kumars, Saina Nehwaals, V Anands and a complete transformation in Indian Cricket team and hope they will keep on doing good next year.
Happy New Year to all those who visit this blog.

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Digitally painted

From Digital paintings

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