India – Victim of collateral damage again!

S&P downgrades US credit rating

In a now historical move, global credit ratings agency, Standard & Poor (S&P), downgraded the US credit rating by a notch from AAA to AA+ just a few days after two other global credit ratings agencies, Fitch and Moody’s had affirmed the US credit rating at AAA but with a warning of a downgrade possibility in the future if the US deficit does not come under control.

S&P, however, has taken a tougher stance as is reflected in the statement released by the agency, which read, “The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics.”

Implications for the US

A ratings downgrade would typically lead to an increase in borrowing costs for the country, as well as for its corporates and the consumers. Thus, this event would not only add to the expenditure bill of the US government and put pressure on the deficit of the country, which is already facing debt problems, but would also affect the spending pattern of US consumers, which would ultimately be reflected in the form of slower growth of the US GDP.

Moreover, more than this event itself, it is the timing of the event that could create some problems for the US as the economic recovery was already in question (with a certain faction of the market even predicting a recession soon), and this move would only increase the challenges for the government to prevent another recession.

However, it seems unlikely that based on this event, the world would take a harsh view towards the US immediately in the near-term as is seemingly evident from the fact that major economies like Japan, China and Australia have already affirmed their faith in US treasuries despite the downgrade. Moreover, it needs to be borne in mind that two other global ratings agencies, Fitch and Moody’s, have maintained their AAA rating though with a negative watch.

Implications for India

As is well known, India is a domestic consumption story built around its 1.2 billion people. Exports form 15-20% of the country’s GDP and within this too; the Middle East and other Asian nations are important contributors with less than 50% of exports being contributed by the US and the European Union. Thus, the impact of a US slowdown is expected to be limited and temporary in nature on the Indian economy. To put this in perspective, post the sub-prime crisis in 2008, while India’s GDP was affected for a couple of quarters in 2HFY2009 wherein the quarterly GDP growth went below the 6% mark, it bounced back equally sharply and within the next two quarters it was back above the 8% growth mark.

Further, now in the backdrop of this US event and interest rates in India at a decade high, a silver lining is that it may force the RBI to re-think its strategy of raising interest rates further, if over the next few days/weeks visible signs emerge that the US growth is in further jeopardy and consequently India’s growth could get affected to a certain extent in the short-term. Note, any pause in interest rate hike by the RBI will be a huge relief to the market and a big positive for the Indian economy. Further, relatively, India’s resilience and economic strength in a weakening global environment will get visibly highlighted in the years to come and will lead to some shift in the global investment pattern in favour of India.

Implications for the Indian stock market

Akin to 2008, wherein India was not a party to the sub-prime crisis, but was affected because it was financially integrated with the world, this time too, some repercussions of this event could be felt in India too, especially on the FDI and FII fronts as US is an important source of liquidity.

Thus, considering the FII inflow angle, the Indian stock market may witness some correction over the next few days/weeks as jittery FIIs turn risk averse. However, the extent of nervousness is debatable as the possibility of a US credit downgrade was being built into the global markets as is evident from the 5-10% witnessed across equity markets this week, especially in the US and Europe. Moreover, even in the past, while Indian stockmarkets have corrected sharply over short periods of time because of the high dependence on FII flows, the recovery has been equally swift. While historical trends are no guarantee of replications in the future, it is important to bear in mind the value proposition that Indian equities offer.

Notably, while historically India Inc. has registered a Net Profit CAGR of over 15%, even if we assume that the growth over the next couple of years would be curtailed, still, at the current level of 17,300 the Sensex is trading at about 13x FY2013E EPS, which is below its historical valuation of about 15x. Moreover, every correction will only make Indian equities more attractive for medium-to-long-term investors. Thus, one must make selective investments into Indian equities and considering the volatile times prevalent, a systematic investment approach is all the more advisable.

Dear readers, you might be caught in a heavy traffic while scrolling your iphones and ipads and got hold this article on how to save petrol.  Obviously, petrol or fuel/gasoline is one commodity beyond compare.

Our economy will be stagnant and dead once this very essential commodity will be lost or be nowhere to be found due to our abuses.  Before that day comes let’s put then our collective efforts and do something to really save petrol for the betterment of our economy as a whole and for our lives in particular.

Some tips for filling petrol and diesel

• Buy petrol at dependable fueling station.  This way you will avoid the risk of buying only the best quality of fuel.
• If opportunities permit, use your credit card in refilling or buying fuel in order to get bonus points of advantage discounts.
• Morning is the best time of the day in buying or refueling your cars.  Thus, as much as possible, only buy or fill up your car or bike during early morning, when the ground temperature is still cold. Remember that all service stations have their storage tanks underground. The colder the ground, the more dense the fuel. When it gets warmer, petrol expands. So, buying in the afternoon or in the evening, your liter is not exactly a liter. In the petroleum business, the specific gravity and the temperature play an important role. 1 degree rise in temperature is a big deal for this business. But the service stations do not have temperature compensation at the pumps.
• Another most important tip is to fill up when your tank is half full and not when it’s almost consumed. The reason for this is, the more fuel you have in your tank the less is the air occupying its empty space. Petrol evaporates faster than you can imagine.
• Another useful information is to avoid filling up if there is a fuel truck pumping into the storage tanks when you stop to buy. Most likely, the petrol/diesel is being stirred up as the fuel is being delivered, and you might pick up some of the dirt that normally settles on the bottom.

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• What Parents Should Teach Their Teenagers In View Of Relating With Someone

As a conclusion, we must really be conscious with the responsibility of saving fuel and getting the most out of your hard earned money.  Petrol buying might be too normal and simple, but if we exercise our smartness and common sense and most importantly if we apply the tips above, then we will definitely be saving from fuel, energy, time, money and bring more progress to the whole of India.  Let us start this good change in ourselves.

Weekend a time when we parents should bond with our children and talk to our teenagers on what’s happening with them at school, with their friends or just anything that may interest them.  As parents we should carefully monitor and check everything that our teenager are doing lest we might be caught by surprise one day that they might be pregnant or impregnated someone already.  We need to teach them in a very particular way how to relate with others most especially with the opposite sex.  How then should we talk to them about dating? Or how should we speak to them about courtship?  Let’s see this matter in a parental perspective.

To begin with, the need to relate with people is felt by everyone.  After all, material things and modern technology can never be a substitute for people.  People are capable of loving and caring while things are simply at our disposal to serve particular needs.  Indeed, humans as we are, we have always been in search of intimacy—to become part of somebody else’s life and also to be able to share with another in friendship procreation and work.  The most basic and fundamental step of achieving intimacy in our lives is to find that someone who will catch our attention, touch our hearts, change our lives from simple to special, ordinary to extraordinary, normal to truly exciting.  We call this step dating.

Dating is a moment, a time, a special event in our emotional and psycho-social, not to mention physical lives wherein we try to go out from our shells.  From the comforts of our cocoon, we start to adjust with the nuances of meeting and dealing with this special someone whom we think we could share our self, love and care.  Despite the discomforts of the usual routines of being with our usual set of friends and family members, we find it thrilling and happy to be with someone who makes our heart beat faster and makes us feel better.

Dating then is an opportunity which is both significant and wonderful to both parties. This is an avenue where we will open ourselves to other and try our best to know the other person better.  In this manner, we will both know our weaknesses and strengths.  We will also learn from the other person the things he likes or dislike and practically the basic things about the other party from the most essential to the trivial or insignificant things in his life and vice versa.  This may include his/her traits, family background, studies, set of friends and the like. This event in our lives marks the beginning of various paradigm shifts, from emotional to the other relevant matters in life.

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In conclusion, we parents should emphasize to our teenagers how important dating is because,dating is a prelude to courtship.  If both parties mutually feel for each other fondly, then dating ends and courtship begins.  Hence, young people should take dating very seriously because this will make or break them as persons.  Parents should equally be concerned in encouraging their kids to get the most out of dating, that is, to know their date very well, scrutinize is the apt word, because their very own future and happiness is at stake.  Dating will surely become a good instrument and a stepping stone for each one to find the right partner in life if taken seriously.  If done with much gusto, dating will truly be a worthwhile and unforgettable experience.

Unmistakably, the Bandh incident yesterday caused us to be one day behind from all other countries around the world.  Obviously, we were somehow in frozen state for one whole day as what the protesters aimed in the first place. While all the rest of the world moved forward for progress and other developmental transactions, we simply stool still watching them pass us by.  Indeed, no matter what reason or reasons these opposition protesters may have in mind for mounting such protest, it did not do good in any way to all the Indian people and to our economy in particular. When this incident happens again , we will surely be logged far, far behind from all the rest of the world, and this can be summed up in one line: “it’s a shame!”

Yesterday’s unexpected protest from the opposition of the fuel price caused a lot of turmoil and inconvenience not only to various people in the entire India but more specifically to our economy as a whole.  This untoward incident should never become a regular means to call the attention of our government in regulating the prices of fuel.  After all, there are other ways and means that can be done to resolve this economic and other social issues in our society.  As CNBC-TV18 graphically reported yesterday, there were a number of violence related cases all throughout India which in one way or the other put our government and its officials into a bad light in the economic world arena.  One good news however, the bandh yesterday was generally peaceful and controllable.

According to CII or the Confederation of Indian Industry, the bandh has caused a negative impact on business and trade in most part of our country. CII said that, an estimate Rs 3,000 crore was lost to the Indian economy because of the sudden whole day shutdown of so many businesses as part of supporting the call from the opposition parties in view of the hike in fuel increase.  CII also believed that this kind of calling the attention of our government first and foremost affects the ordinary daily wage earners who depend solely in small to medium trading and industry.  Even the transport sector which paralyzed a lot of transactions and business operations should also be answerable to this damage and great loss in our economy in general and to the whole Indian citizenry in particular.  For instance, according to non-congress ruled states, Kerala and West Bengal suffered the most in terms of the transportation cancellation yesterday.  The worst however was that of Maharashtra since all of its air, train and road transportation services got hit badly,  Finally, equally hit state was that of Mumbai due to its more or less 86 flights which were canceled too.

In conclusion, we should lay all our cards on the table before making a sudden and uncalled for protest.  This way, we will avoid economic loss and monetary downfall.  We should always think hard before acting such ineffective protests and come up with solutions which are more professional and practical.  This would make us a laughing stock of the world, a loser economy and a miserable, almost hopeless form of government system.  It’s not yet too late to change and reform our ways of actions.  Ask yourself deeply.  The answer is within yourself, only if you really care for your own country.
Image Source : Google

This is indeed a very alarming situation that took our nation a blow.  If we will not take things slowly and see things in its bigger picture using a mature and logical perspective, everyone of us will surely suffer and get paralyzed.  Going into a 12-hour or more nationwide strike will only aggravate the matter and will certainly add fuel to the fire.  If we think this will awaken our insensitive and corrupt government officials, we might be barking at the wrong tree, as they say,  these corrupt people are not anymore easily moved with the usual noise and chaos of doing or making a protest in the streets.

With the central government’s step of deregulating once again our oil prices, by all means, all of India and those living in our country will suffer a lot in one way or another.  The most to be affected and striken would be the ordinary citizen.  Unmistakably, strike will aggravate and worsen the matter, the best thing to do now is to convene an emergency assembly and talk things out.  Both the government and the Alliance parties should negotiate well and adjust, bargain or the best word “COMPROMISE” in coming with a solution that is fair, effective and efficient.  Let’s not waste every minute in having a strike.  Let’s face squarely and pro-actively this alarming issue lest we will regret and suffer badly.  It’s not yet too late to wake up  from our indifference.  Stand and speak out!

Conclusion is One party raise price of petrol, second is calling “BHARAT BAND” against it, over all we are paying for petrol and also we are accepting loss because of “BHARAT BAND” Who care???
Image Source : http://www.ndtv.com

There’s a horde of “CALL US AND GUESS CELEB” tv programs during midnight on almost all channels. Genuine callers paying those 10Rs/min never reach the host at all. And the worse is, all the calls shown are actually fake ones. They show almost half the face of Kareena Kapoor, and callers from all over India guess Amrita… Rao, Riya Sen, even Madhuri Dixit but not KK. This is open fraud on national television. Beware!
Don’t Participate in that.

Payal started
Dear Shakti Singh Dulawat,

We have been diligently working with the RBI and our business
partners to resume Indian bank withdrawals for the thousands
of Indian businesses who depend on PayPal to sell their goods
or services in the global marketplace.

Today, we are happy to announce that the RBI has allowed us
to continue local bank withdrawals for settlements for exports
of goods and services. We are currently making changes to
comply with Indian regulations for settlements for exports of
goods and services, and we anticipate that, as of Wednesday,
March 3rd, customers will be able to use our
bank withdrawal service.

As part of the changes, you will be required to fill out a
new field entitled ‘Export Code’ when you request a withdrawal.
This information is required under the current laws of India in
order to identify the nature of cross-border merchant transactions.

On Monday, March 1st, we will be back in touch with specific
instructions on how you can move your money into your bank account.

Moving forward, the RBI has told us that PayPal needs specific
approvals to allow personal remittances to India, which we
currently do not have. Until we get these approvals, personal
payments into India will remain suspended. However, if you are
an exporter, you will continue to be able to use the PayPal
service for payments of goods and services. In fact, with the
changes we are making to our system, PayPal is now set to be a
more powerful engine for exporters in India. With purpose codes
for export transactions and FIRCs (Foreign Inward Remittance
Certificates), you should now be able to get the export
related benefits you seek.

You can check the PayPal blog for additional updates.

www.thepaypalblog.com

We thank you for your business and for your patience during
the past few weeks.

Sincerely,

PayPal

SO Guys I hope you enjoyed a rocking night on 31st, Every new year, there are a lot of people who are making the New Year’s resolution like quitting to smoke, getting into diets and etc. Instead of doing that, and couldn’t make that happen, why don’t you try something new like taking the focus off yourself and resolve to help others or help the environment and the animals healthy and safe. Here are some tips to follow in making a resolution in order to help others. So here are my few tips.
1) Maintain your neighbors.
Try to go on the homes owned by elderly persons. Ask their permission to do winter works or even do some of the gardening or even cleaning their garden clearing out old leaves on their garden. This is somewhat kind of doing a lot of things but, this work won’t take too long and more to that the elderly persons will somehow treat you as their adopted child in no time.
2) Donate items.
Try to donate foods to some food shelf. This kind of organization is having feeding program for those who are needed. This organization that is having feeding programs provides food to many people every month. Food that could be worth $50 and up could be a big help for the organization. At least this New Year resolution is off to a good deed.
3) Send greeting cards.
Try to send greeting cards every week via mail or by e-mail. E-mail is not a hard thing to do these days. You may send e-cards by looking on some of the service providers and send it to persons you know. Anyhow you might also receive cards from them or even a call. It might be better to receive e-cards rather than that of the bills.
4) Park your car.
Sometimes, it’s better to go on for a commute and leave your car parked. This way, you are helping the environment and at the same time you also get an exercise from commuting. Parking your car will lessen gas consumed and less road accidents.
5) Take care of your animals.
When you have a pet, you must still do your commitments to them. Those animals are like man, too, they also need to get a nutritious meal, have a good check-ups, needs safety and needs to be cared of. Taking more care to them will be a good resolution as it will be a good help for the animals.

Quote of the day:
Having a New Year’s resolution is a part of the New Year tradition, but this is however, needed to be kept throughout the year. For having a new resolution, you may try to resolve help others as a sign of good deeds.

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Conclusion:
New Year’s resolution has been a tradition annually by many persons. This tradition however, is only being said rather than of following. If you try to resolve helping others as a part of your resolution, this could be followed by you, as this resolution is something worth doing and exciting, as it will leave you with good thoughts.

For all my readers, today is the day of welcoming a new year. For this year, I wish all the best and they could have. May this year, 2010, be a prosperous new decade for everybody.

All will be prosperous and rich only if you will have faith for all that you are doing.

Happy New Decade everyone! Happy New Year!

Enjoy reading our this year’s articles and stay safe!

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Hello friends, I hope everyone is waiting for 2010, most of people are planning to send SMS over new year but be carefull because most of the company declared 31st Dec and 1st Jan as black out day. The funny thing is that company will not provide any delivery report. Most of SMS failure to deliver on New Year because on huge traffic over night.

I saw myself last new year eve 50 of my SMS failed to deliver. Now it was time to explore about the blackout days in other Telecommunications Service Providers (TSPs). Before reading further, a word of caution, many TSPs have custom blackout days for each telecom circle and year.

What are blackout days?
These are selected special days (usually festivals) during which no free or discounted SMS will be available to customers who have subscribed to SMS packs/Bonus cards/free or promotional SMS etc. On these days, between 00:00 hours to 24:00 hours, customers will be charged at base price i.e at regular normal tariff.

How to get blackout day list?
You have to do nothing just call your customer care department from your mobile they will send you list of black out days.

So be careful on these days. Recharge your mobile before sending SMS on new year.
Dulawat family wishes you a very happy new year.