Having shrugged off the impact of the global economic crisis, India appears poised to overtake China's high growth rate in the next ten years, feels home minister P Chidambaram. "While the last decade was remarkable and exciting, this decade will be more exciting for India. There is more possibility that India could overtake China's growth rates," he said at a Business Standard-organized function here last night. China, the world's sixth largest economy, has recorded an average nine per cent growth over the last two decades, while India has seen growth touch nine per cent only in the three years till 2007-08. But the global financial crisis ate into this progress and growth slipped to 6.7% in 2008-09. The Planning Commission, at its meeting chaired by Prime Minister Manmohan Singh earlier this month, scaled down India's growth target for the 11th five-year plan period (2007-12) to 8.1% from the previously estimated 9%. "We are young and will continue to grow...corporate India will continue to grow in the current decade. The young CEOs and executives must help to take India to the next level," Chidambaram said. The minister's confidence also stems from the fact that Foreign Direct Investment inflows -- key to growth -- have been increasing rapidly, although they slowed during 2008-09 at the height of the financial crisis. Chidambaram also said that India "will become a part of the United Nations Security Council in this decade" and added that there was an urgent need to make India a secure place so that the country's economic growth remained unblocked. "There was a fear...but it is over. We are marching ahead to compete with others in every aspect," he said. Chidambaram said human resources will not be a burden for India in this decade--rather they will count as assets.
Wednesday, March 31, 2010
Saturday, March 27, 2010
The Last Class Of College..(fantastically written)
The Last Class Of College..
I walked with my best friends across the campus......... towards my class... my final year engineering class. The hour hand at the watch said ... it was ten minutes past 5.... and there was not even a single trace of any life in the college........ except for we three.... me and my best pals ...........
Another ten steps.. and there was our class with the doors shut... !!! we were on the third floor... and the sun setting down in the valley with its orange rays was creating a magical scene. Had a wish that the time stops at that very moment... but it never happens... the seconds hand ticked heavily..... and we opened the doors of the class for one last time...................
Wished i cud ask my teacher..."may i come in.... " and wanted to hear her shout.... "You late again... no attendance..."
but there was no one there... just empty desks.. and we three.... looking at the walls.... and the desks.. all empty... with quotes we wrote ... and the raised platform .. where the torture classes were held... and the last benches.. where we had fun.... laughed .... kicked out.... hiding from the teachers... pleading for attendence............ million memories rolled like a muvee into our minds... and there was complete silence for a moment.. and we smiled ... laughed!!!!!
Walked like heros from the medivial times.... jumped over the benches... had a look at the bench .. where the so called babes of our class used to sit.... hehehe... babes in engineering.... a dream in itself... (no offenses to any babes)... ..
drifted to our place... ... sat there..... side seats...
dint feel like the last day .... dont remember how we met .... how we came to such a stage... feels like i know my friends from ages... feel like as if i was born in this college..... feel like i was always here...
The entire class was still there alive.... the last benchers sleeping.......... the gals chatting amongst themselves........... the teacher in her own world...... ravi sitting besides me .... cribbing about something .... dilip sitting on first bench taking down notes.... and Abhi smiling at the babes.... Rakesh ... trying talking to the gals... and we laughing about something of the other..... me occasionally scribbling something on my notepad............ making some sketches.. or bullshit poetry ............
Ahh.. Sita asking me to look outside... for some babes from bio-med ... standing there....... and i without even a word...looked outside.. it was an unsaid communication.... chandu pinged me... and i, with the same enthu... looked outside... but today there wasnt anybody there................ just the deserted corridor.......... and i cud see the mechanical department at the end... no one there..................
looked back..... but there was vinay .. in his dream world.... not scribbling anything in his notebook... not laughing this time.... not sayin anything this time........... just sitting there.. and there was tarun... and there was me .....
"roll number 23.......... "
"roll number 23............ varun.... u sleeping again........ "
"Ok fine............. roll number 24"
"....................... hey .. present ma'm............ "
"you sleep dear...!!! no attendence for you................."
No attendence.... the class has ended... and my friends... chatting and laughing .... going for a chai... aur a samossa..... aur a lemon juice...
and we sat there ..... sat there all alone ......... closed our eyes, for the entire world outside the walls of the campus was calling us..............
Wanted to attend one last lecture........ but this time there was no one to take that last lecture..............
and there was that door... open... and we wished all the time .. to run away .... to bunk.. but this time it wasnt..... one last time.... one last time............ attended the class.... with no one.. just we three...
I am sure U r feeling the SAME way...
Hi all,
I am sure U r feeling the SAME way...
Lets See How many of u Can stay without yawning after Watching this mail
Friday, March 26, 2010
Few Jokes..Enjoy
How the Sensex is calculated
For the premier Bombay Stock Exchange [ Images ] that pioneered the stock broking activity in India, 128 years of experience seems to be a proud milestone. A lot has changed since 1875 when 318 persons became members of what today is called The Stock Exchange, Mumbai [ Images ] by paying a princely amount of Re 1.
Since then, the country's capital markets have passed through both good and bad periods. The journey in the 20th century has not been an easy one. Till the decade of eighties, there was no scale to measure the ups and downs in the Indian stock market. The Stock Exchange, Mumbai in 1986 came out with a stock index that subsequently became the barometer of the Indian stock market. Sensex is not only scientifically designed but also based on globally accepted construction and review methodology. First compiled in 1986, Sensex is a basket of 30 constituent stocks representing a sample of large, liquid and representative companies.The base year of Sensex is 1978-79 and the base value is 100. The index is widely reported in both domestic and international markets through print as well as electronic media.
The Index was initially calculated based on the "Full Market Capitalization" methodology but was shifted to the free-float methodology with effect from September 1, 2003. The "Free-float Market Capitalization" methodology of index construction is regarded as an industry best practice globally. All major index providers like MSCI, FTSE, STOXX, S&P and Dow Jones use the Free-float methodology. (See below: Explanation with an example) Due to is wide acceptance amongst the Indian investors; Sensex is regarded to be the pulse of the Indian stock market. As the oldest index in the country, it provides the time series data over a fairly long period of time (From 1979 onwards). Small wonder, the Sensex has over the years become one of the most prominent brands in the country. The growth of equity markets in India has been phenomenal in the decade gone by. Right from early nineties the stock market witnessed heightened activity in terms of various bull and bear runs. The Sensex captured all these events in the most judicial manner. One can identify the booms and busts of the Indian stock market through Sensex.Sensex Calculation Methodology
Sensex is calculated using the "Free-float Market Capitalization" methodology. As per this methodology, the level of index at any point of time reflects the Free-float market value of 30 component stocks relative to a base period. The market capitalization of a company is determined by multiplying the price of its stock by the number of shares issued by the company. This market capitalization is further multiplied by the free-float factor to determine the free-float market capitalization. The base period of Sensex is 1978-79 and the base value is 100 index points. This is often indicated by the notation 1978-79=100. The calculation of Sensex involves dividing the Free-float market capitalization of 30 companies in the Index by a number called the Index Divisor.The Divisor is the only link to the original base period value of the Sensex. It keeps the Index comparable over time and is the adjustment point for all Index adjustments arising out of corporate actions, replacement of scrips etc. During market hours, prices of the index scrips, at which latest trades are executed, are used by the trading system to calculate Sensex every 15 seconds and disseminated in real time.
Dollex-30BSE also calculates a dollar-linked version of Sensex and historical values of this index are available since its inception. Understanding Free-float Methodology Free-float Methodology refers to an index construction methodology that takes into consideration only the free-float market capitalisation of a company for the purpose of index calculation and assigning weight to stocks in Index. Free-float market capitalization is defined as that proportion of total shares issued by the company that are readily available for trading in the market. It generally excludes promoters' holding, government holding, strategic holding and other locked-in shares that will not come to the market for trading in the normal course. In other words, the market capitalization of each company in a Free-float index is reduced to the extent of its readily available shares in the market. In India, BSE pioneered the concept of Free-float by launching BSE TECk in July 2001 and Bankex in June 2003. While BSE TECk Index is a TMT benchmark, Bankex is positioned as a benchmark for the banking sector stocks. Sensex becomes the third index in India to be based on the globally accepted Free-float Methodology.
Example (provided by rediff.com reader Munish Oberoi):
Suppose the Index consists of only 2 stocks: Stock A and Stock B.
Suppose company A has 1,000 shares in total, of which 200 are held by the promoters, so that only 800 shares are available for trading to the general public. These 800 shares are the so-called 'free-floating' shares.
Similarly, company B has 2,000 shares in total, of which 1,000 are held by the promoters and the rest 1,000 are free-floating.
Now suppose the current market price of stock A is Rs 120. Thus, the 'total' market capitalisation of company A is Rs 120,000 (1,000 x 120), but its free-float market capitalisation is Rs 96,000 (800 x 120).
Similarly, suppose the current market price of stock B is Rs 200. The total market capitalisation of company B will thus be Rs 400,000 (2,000 x 200), but its free-float market cap is only Rs 200,000 (1,000 x 200).
So as of today the market capitalisation of the index (i.e. stocks A and B) is Rs 520,000 (Rs 120,000 + Rs 400,000); while the free-float market capitalisation of the index is Rs 296,000. (Rs 96,000 + Rs 200,000).
The year 1978-79 is considered the base year of the index with a value set to 100. What this means is that suppose at that time the market capitalisation of the stocks that comprised the index then was, say, 60,000 (remember at that time there may have been some other stocks in the index, not A and B, but that does not matter), then we assume that an index market cap of 60,000 is equal to an index-value of 100.
Thus the value of the index today is = 296,000 x 100/60,000 = 493.33
This is how the Sensex is calculated.
The factor 100/60000 is called index divisor.
Thursday, March 25, 2010
Plzzz inform all .........................
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