Friday, December 18, 2009
What can be done?
If You Cross The North Korean Border Illegally You Get 12 Years Hard Labor.
If You Cross The Iranian Border Illegally You Are Detained Indefinitel y.
If You Cross The Afghan Border Illegally, You Get Shot.
If You Cross The Saudi Arabian Border Illegally You Will Be Jailed.
If You Cross The Chinese Border Illegally You May Never Be Heard From Again.
If You Cross The Venezuelan Border Illegally You Will Be Branded A Spy And Your Fate Will Be Sealed.
If You Cross The Cuban Border Illegally You Will Be Thrown Into Political Prison To Rot.
If You Enter Britain Illegally You Will Be Arrested, Prosecuted And Send To Prison And Deported
If You Cross The Indian Border ILLEGALLY You Get
-A Ration Card,
-Voter Identification,
-Passport ( 1, maybe more)
-Job,
-A Drivers License,
-Voter Identity Card,
-Job Reservation,
-Special Privileges,
-Credit Cards,
-Subsidized Rent Or A Loan To Buy A House,
-Free Education,
-Free Health Care,
-A Lobbyist In New Delhi
- And Voting Rights!!
Thursday, November 19, 2009
Make students employable: State to varsities
As they are paid more and given higher post and the company tells the existing staff to train them. Then whats the use if and ordinary Graduate has to train them why canthe himself take that MBA place and keep MBA under him as Trainee.
Also MBA lacks managerial and tema leader skills. They are so proud and egoistic that they hardly talk to juniors and other staff and are always in seventh heaven.
So why are MBA given special status when they are burden and not ready to work in any industry.
They read case history in their syllabus and learn the mangement ways which you will in a more better way if you working.What happened in the past will also happen in future there is no guarantee and in industry like electronics and medicine changes takes place faster and often.
MBA is like learning sitting on shore and reading the Book "How to Swim" without entering into water.
Its high time the company should look the experience and knowledge of the industry, rather then looking for paper tigers MBA degree. This will help them save money on MBA salary and perks and no tension of providing training.
*****
Wants them to revise syllabus; two years ago corporates had complained to Mumbai University that most of its graduates, including students from MBA and engineering, needed to be re-trained
College syllabus is all set to undergo a revision. Noting that most graduates in the State don’t have the practical knowledge to take up corporate jobs and need to be re-trained, the Higher and Technical Education Department of the State Government is planning to issue orders to all State varsities in the next 20 days.
As per the orders, the 24 universities in the State will be asked to revise their syllabus, make accreditation compulsory for colleges, use modern technology, network with other institutions and make liberal use of distance education.
In its November 15, 2006, edition Mumbai Mirror had reported that corporates had told the then Vice-Chancellor of Mumbai University, Dr Vijay Khole, that graduates from here – even students of MBA, engineering and commerce – had to start off at the lowest rungs as they hadn’t not received the training that they should have and needed to be re-trained.
Accepting that the syllabus of various courses in the universities across the state was outdated, J C Sahariya, Principal Secretary of Higher and Technical Education Department, said, “Our syllabus is old and it does not meet the demands of corporates. Students need to be trained in the real world. To solve this problem, our officers are preparing orders to be sent to all varsities, saying that they should revise the syllabus, even of traditional streams such as commerce, arts and science. Engineering, management and IT courses should be specially updated.”
Sahariya added, “According to the Maharashtra University Act, vice-chancellors are responsible for implementing our orders. We have had two meetings with the Governor on this issue.” He also urged the universities to fill up vacant posts with qualified teachers.
CORPORATESPEAK
If students get practical training at the university level, it will be ‘r for everyone. Students of courses such as engineering, need more practical knowledge. Courses should be designed in consultation with industry people
– Sanjay Gaikwad, founder and managing director,Valuable Group
It is true that the people we get ‘do not measure up to the standard.We have to give them at least six months’ training. Revising the syllabus is a good initiative, but universities should take help from corporates while formulating the syllabi
– Deepak Ghaisas, chairman of Gencoval and former VC of I-Flex Solutions
Reference:
http://www.mumbaimirror.com/
Thursday, October 29, 2009
A nice inspiring Movie-A Beautiful Mind.
John Forbes Nash, Jr. (born June 13, 1928) is an American mathematician whose works in game theory, differential geometry, and partial differential equations have provided insight into the forces that govern chance and events inside complex systems in daily life. His theories are still used today in market economics, computing, artificial intelligence, accounting and military theory. Serving as a Senior Research Mathematician at Princeton University during the later part of his life, he shared the 1994 Nobel Memorial Prize in Economic Sciences with game theorists Reinhard Selten and John Harsanyi.Monday, October 19, 2009
Funny Facts
POP MUSIC is 'Popular Music' shortened.
BUS is the short term for 'Omnibus' that means everybody.
FORTNIGHT comes from 'Fourteen Nights' (Two Weeks).
DRAWING ROOM was actually a 'withdrawing room' where people withdrew after Dinner. Later the
prefix 'with' was dropped..
NEWS refers to information from Four directions N, E, W and S..
AG-MARK, which some products bear, stems from 'Agricultural Marketing'.
JOURNAL is a diary that tells about 'Journey for a day' during each Day's business.
QUEUE comes from 'Queen's Quest'. Long back a long row of people as waiting to see the Queen. Someone made the comment Queen's Quest..
TIPS come from 'To Insure Prompt Service'. In olden days to get Prompt service from servants in an inn, travelers used to drop coins in a Box on which was written 'To Insure Prompt Service'. This gave rise to the custom of Tips.
JEEP is a vehicle with unique Gear system. It was invented during World War II (1939-1945). It was named 'General Purpose Vehicle (GP)'.GP was changed into JEEP later.
Interesting Facts * Coca-Cola was originally green.
* The most common name in the world is Mohammed..
* The name of all the continents end with the same letter that they start with.
* The strongest muscle in the body is the tongue.
* TYPEWRITER is the longest word that can be made using the letters only on one row ! of the keyboard.
* Women blink nearly twice as much as men!!
* You can't kill yourself by holding your breath.
* It is impossible to lick your elbow.
* People say "Bless you" when you sneeze because when you sneeze, your heart stops for a millisecond.
* It is physically impossible for pigs to look up into the sky.
* The "sixth sick sheik's sixth sheep's sick" is said to be the toughest tongue twister in the English language. * If you sneeze too hard, you can fracture a rib. If you try to suppress a sneeze, you can rupture a blood vessel in your head or neck and die.
* Each king in a deck of playing cards represents a great king from history.
Spades - King David
Clubs - Alexander the Great,
Hearts - Charlemagne
Diamonds - Julius Caesar.
* If a statue of a person in the park on a horse has both front legs in the air, the person died in battle.
* If the horse has one front leg in the air, the person died as a result of wounds received in battle
* If the horse has all four legs on the ground, the person died of natural causes.
* What do bullet proof vests, fire escapes, windshield wipers and laser printers all have in common?
Ans. - All invented by women.
* A crocodile cannot stick its tongue out.
* A snail can sleep for three years.
* All polar bears are left handed.
* Butterflies taste with their feet.
* Elephants are the only animals that can't jump.
* In the last 4000 years, no new animals have been domesticated.
* On average, people fear spiders more than they do death.
* Shakespeare invented the word 'assassination' and 'bump'.
* Stewardesses is the longest word typed with only the left hand.
* The ant always falls over on its right side when intoxicated.
* The electric chair was invented by a dentist.
* The human heart creates enough pressure when it pumps out to the body to squirt blood 30 feet.
* Rats multiply so quickly that in 18 months, two rats could have over million descendants.
* Wearing headphones for just an hour will increase the bacteria in your ear by 700 times.
* The cigarette lighter was invented before the match.
* Most lipstick contains fish scales.
* Like fingerprints, everyone's tongue print is different
Tuesday, September 15, 2009
BMC will regularise clinics in Hsg Societies
These doctors are filthy rich and charge not less then Rs 500 for consultation+medicines+tests extra. Why can't they move out and stop troubling people and let people stay peacefully.
Bmc quoted"After a detailed inspection......we decided that it was difficult......Closing or shutting them is also not an alternative...."
Is BMC paying out of their pockets for the shifting or renovation.Let doctors spend why bmc is worried. Today they regularise clinincs, tomorrow beer bar,garages will come up .
Let people stay in peacefully in their homes and let commercial and residential be a separate.
Use carpool for faster commute
Why the traffic police is behaving like Taliban and on what study and basis such rules are being implemented.
In case I decide to leave office early,I should searching on road for seats like taxi/autorikshaw so that I can get to drive in fast lane and reach home early.
This is stupidty,why can't the Traffic police take action against taxi/auto drivers who cheat you on meter fare,behave rudely with passengers,take passenger as per their wish,old and unclean seats.
To avoid the figths with these rascals taxi/auto driver most of the people take out cars. As train and buses people travel worst then animal.
Also enroachment on foothpaths,roads by hawkers and potholes have made driving difficult on mumbai roads.
Jaago Traffic Police Jaago stop behaving like taliban,think about welfare of people.
Monday, September 14, 2009
Slum dwellers form 54% of city population
National Highway no 24 ghaziabad 5 Sep 2009. Slum dwellers came on road and destory the property of public. Vehicles of innocent passberby were burned down by the people staying in the illegal slums around the road. There was road jam for more then 10 hours.
This illegal construction had come up on land of irrigation dept. When police and dept officals went to remove the enroachment they reacted violiently.
These slumdewellers break law by enroachment and then damage public property. They have guts to do so because they now very well some hungry for vote politician will come to their rescue and help them legalize their illegal enroachment. They know they can break law and escape without being punished, so they keep breaking law.
Calculate the amount of revenue and tax loss govt is incurring in municipal,sales,income,stamp,duty,water, electricity and many other taxes.
These slumdewellers enjoy land,electricity, water and stamp duty benefits without paying it.Whereas other people have to pay taxes to enjoy this.Why this injustice towards citizens.
Govt should give reservations in education like backward classes to come up in life.But government is making this people rich by free fund schemes. Providing free housing, legalazing their land encroachments, ignoring their power and water theft and providing them housing free of cost. Why this injustice.?
Let this slumdewellers study and grow in life like other citizens are doining. They should pay tax and other govt charges like other citizens of INDIA.
Also if you visit these slums you will find that it is a scheme run by few businessmens for their own profit.
They hide their business in cover of these slums. Visit Kurla,Dharavi, shivaji nagar, baiganwadi,dahishar,vikhroli park site,airport,saki naka,jari mari,safeed pool,mankhurd,bharat nagar,bandra or any slums. You will find that there are Big gowdowns of big shopekeepers there and workshops of many industries. You can see Honda city to Hummer park in these slums.
As these businessmen save money on land,stamp duty,property tax, electricity, water and other taxes. It is profitable for them to be in slums and take benefit of our governments policies.
It takes 15 years for qualified people like CA,lawyers,Company secretaries,MBA's to buy a 2 bhk house in good location in mumbai. But our government policies help these slumdewellers get house free within 5 to 10 years. For e.g. A friend of mine who is CA bought a house in Andheri walkable distance from station,school and other facilities. His wife who also is CA contributes to the Housing loan the EMI comes around Rs 70,000.p.m. Few months back I saw a building coming up in front of their building. The board says SRA SCHEME . SRA (slum rehiblation) scheme were slumdewellers are given house by govenrnment for removing their slums. My friend who is 34 now spend his life 22 years studying and after working hard for 4 years bought this house. I feel he should have stayed in slums and he would have got house free. Poor fellow went the common men way.
There are Tvs,satellite dish and air conditions and still they are poor and below poverty line.
The middle class cannot afford house in mumbai and stays outside mumbai in areas like vasai,mira road ,nallasopara etc on western suburbs,in dhanu ,mumbra ,kalyan ,ambernath,dombivili etc on central line and in khoparkharne, airoli, mhape,panvel etc on harbour line.
Middle class stays out of mumbai limits because they cannot afford house in mumbai. Government doesn't care about them as they are not vote banks,for middle class job is more important then anything. They cannot take leave to attend political functions and is busy in earning bread butter so much that even if he has issues he does not have time to protest as to protest one day leave will be wasted which he cannot afford.
Pay tax,follow law,rules and regulations buy ticket and travel like animals in train and bus. Buy car by paying road tax to puc and drive on roads full of potholes and slums near the roads.
Common middle class pays the price everytime. Althoughn its is illegal to sleep on road or footpaths still these slumdewellers sleep there and if due to any mehnicial mistake a car go off the road and if these king slumdewellers are hurt or killed again it is mistake of the driver and not slumdewellers. It is his right to sleep on road.
There is more to this slum story. I will keep updating in due course of time.
Saturday, September 5, 2009
Indian way of doing Business
They go with the White House officeto examine the fence .The Bangladeshi contractor pulls out a tape measureand does some measuring, then works some figures with a pencil . "Well", he says, "I figure the job will run about $900 . ($400 for materials, $400 for my team and $100 profit for me)" .
The Chinese contractor also does some measuring and figuring, then says, "I can do this job for $700 . ($300 for materials, $300 for my team and $100 profit for me)" .
The Indian contractor doesn't measure or figure, but leans over to the White House official and whispers, "$2,700 . "
The official, incredulous, says, "You didn't even measure like the other guys! How did you come up with such a high figure?"
The Indian contractor whispers back, "$1000 for me, $1000 for you, and we hire the guy from China to fix the fence . "
"Done!" replies the government official .
Friday, August 28, 2009
Thoughts to ponder!
- If you take an Oriental person and spin him around several times, does he become disoriented?
- If people from Poland are called Poles, why aren't people from Holland called Holes?
- "I am" is reportedly the shortest sentence in the English language. Could it be that "I do" is the longest sentence?
- Do infants enjoy infancy as much as adults enjoy adultery?
- If a pig loses its voice, is it disgruntled?
- If love is blind, why is lingerie so popular?
- If it's true that we are here to help others, then what exactly are the others here for?
- Why is the man who invests all your money called a broker?
- Why do croutons come in airtight packages? It's just stale bread to begin with.
- No one ever says, "It's only a game", when their team is winning.
- Why is a person who plays the piano called a pianist but a person who drives a raceccar not called a racist?
- Why are a wise man and a wise guy opposites?
- Why do overlook and oversee mean opposite things?
- Why isn't the number 11 pronounced onety one?
- Ever wonder what the speed of lightning would be if it didn't zigzag?
- If lawyers are disbarred and clergymen defrocked, doesn't it follow that electricians can be delighted, musicians denoted, cowboys deranged, models deposed, tree surgeons debarked, and dry cleaners depressed?
- Do Lipton Tea employees take coffee breaks?
- I was thinking about how people seem to read the Bible a whole lot more as they get older, then it dawned on me they`re cramming for their final exam.
This Is The Real Life !!!
It's a new style...
If a driver makes a mistake,
It is an accident...
If a doctor makes a mistake,
It's an operation...
If a engineer makes a mistake,
It is a new venture...
If parents makes a mistake,
It is a new generation...
If a politician makes a mistake,
It is a new law...
If a scientist makes a mistake,
It is a new invention...
If a tailor makes a mistake,
It is a new fashion...
If a teacher makes a mistake ,
It is a new theory...
If our boss makes a mistake,
It is our mistake...
If an employee makes a mistake,
It is a "MISTAKE"
Tuesday, August 25, 2009
Death due to Rash negligent Driving be denied bail
No its an too harsh decision Why the car owners are made Scrape goat by RTO and police. First they must provide ideal conditions on roads to drive and then implement such rules.
All rules are for Private Car drivers only and the transport dept ignores tourist cars, buses,tempos,Auto rikshaws,taxis and other Transport vehicles.
All the foothpaths are encroached by Shopkeepers,hawkers,beggars or Slumdewellers.So pedestrians have to walk on the road. Also dogs,cows and other animal take nap an the road.
Auto rikshaw and taxi drivers drive their vehicle in first lane at their top Speed as 20 km/hr, takes turns without Signalling, change lanes without signalling.
People crossing highways as per their wimps and fancy and the list is endless.
Why should anyone go to prison for no fault of him. The authorities have failed to do their job and now instead of rectifying their fault govt is punishening its people
Govt should start paying attention and take into consideration problem faced by private car owners. The private car owners pay tax,remove puc and follow most of the traffic regulations ,there are 5% private car owners like Alister preria case. But for them rest 95% cannot be punished.
If the public transport are in good conditions,brts buses are increased,auto and taxi drivers are regulated as per law,they stop cheatting people,take fare as per meter and stop refusing to ply to destination of the passenger. Who will take out car.?
Travel on any road and you will know that it is difficult to drive on roads of mumbai or any other metro cities. Go in front of churchgate station in mumbai during peak office hours. Inspite of subway people cross roads like idiots causing trouble to drivers. I never saw traffic police catching people for jay walking. If they start doining that there will be revenues in atleast 5 lakhs per day in jay walking. Also near cst station near planet m there is FOB, still people cross roads there causing jam and mostly there are two traffic cops there to regulate vehicle and people crossing.
Stop troubling and suffering of people by the hand of law. Please Don't make the accident an non bialable offense.
To be contd.....
Monday, August 10, 2009
Tax Structure in India
~~~~~~~~~~~~
Question 1 : What are you doing?
Ans : Business.
Tax : PAY PROFESSIONAL TAX!
Question 2 : What are you doing in Business?
Ans : Selling the Goods.
Tax : PAY SALES TAX!
Question 3 : From where are you getting Goods?
Ans : From other State/Abroad
Tax : PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI
Question 4 : What are you getting in Selling Goods?
Ans : Profit.
Tax : PAY INCOME TAX!
Question 5: How do you distribute profit ?
Ans : By way of dividend
Tax : PAY DIVIDEND DISTRIBUTION TAX
Question 6 : Where you Manufacturing the Goods?
Ans. : Factory...
Tax : PAY EXCISE DUTY!
Question 7 : Do you have Office / Warehouse / Factory?
Ans : Yes
Tax : PAY MUNICIPAL & FIRE TAX!
Question 8 : Do you have Staff?
Ans. : Yes
Tax : PAY STAFF PROFESSIONAL TAX!
Question 9 : Doing business in Millions?
Ans. : Yes -- Tax : PAY TURNOVER TAX!
Ans : No -- Tax : Then pay Minimum Alternate Tax
Question 10 : Are you taking out over 25,000 Cash from Bank?
Ans : Yes, for Salary.
Tax : PAY CASH HANDLING TAX!
Question 11 : Where are you taking your client for Lunch & Dinner?
Ans : Hotel
Tax : PAY FOOD & ENTERTAINMENT TAX
Question 12 : Are you going Out of Station for Business?
Ans : Yes
Tax : PAY FRINGE BENEFIT TAX
Question 13 : Have you taken or given any Services?
Ans : Yes
Tax : PAY SERVICE TAX
Question 14 : How come you got such a Big Amount?
Ans : Gift on birthday.
Tax : PAY GIFT TAX
Question 15.: Do you have any Wealth?
Ans. : Yes
Tax : PAY WEALTH TAX
Question 16 : To reduce Tension, for entertainment, where are you going?
Ans : Cinema or Resort.
Tax : PAY ENTERTAINMENT TAX
Question 17 : Have you purchased House?
Ans : Yes
Tax : PAY STAMP DUTY & REGISTRATION FEE
Question 18 : How you Travel?
Ans : Bus
Tax : PAY SURCHARGE
Question 19.: Any Additional Tax?
Ans : Yes
Tax : PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.'s TAX
Question 20: Delayed any time Paying Any Tax?
Ans : Yes
Tax : PAY INTEREST & PENALTY
21) INDIAN : Can I die now??
Ans : Wait we are about to launch the funeral tax!
Thursday, July 30, 2009
Easier to Criticize, but difficult to improve
Friday, June 26, 2009
the day the music died.
"Moon walk" his gift to dance world. Jackson was due to start his comeback tour next month. married twice and he left three children behind.
In 1996 when MJ visited India. His show was organised by Mr Raj Thackrey MNS chief.
Insipration to many around the world. The king of break dance a form of dance promoted my MJ.
Every one knows thriller the landmark album.He was first american pop star to release his own music video in Mtv age.
"my childhoos" song is my autobiography said MJ. His magic leaves on in the heart of the people around the world."Never can say goodbye"
Friday, May 22, 2009
Qawwal Jani Babu
Syed Jan Muhammad, who acquired fame as Jani Babu, was born in 1935 in the town of Hingan Ghat near Nagpur.
His numerous audio records were produced by HMV, T-Series and Venus. Collections which became extremely popular include: “Muhammad Ke Ghulamoon Par Budhapa Aa Nahin Sakta”, “Jannati Jahaz”, “Dhoka Huwi Gawa”, “Woh Aik Bholi Si Ladki Hai,” and “Asaar-e-Qayamat Hain”.
Babu’s contemporaries include such famous artists of the Qawwali genre as Ismael Azad, Yusuf Azad, Aziz Nazaan, and Majid Shola.
He also sang for a number of bollywood films which include Noor Mahal and Awliya-e-Islam. His “Mehngai maar gayi” from Roti, Kapda aur Makaan, continues to be a cult favorite.
Almost a decade ago Babu had suffered a stroke while performing in Dewas. He remained bed ridden for a while but quickly sprung back to action. He had completely stopped performing for the past few years due to ill health.
Babu has left an unforgettable legacy to India’s music. Lyricist Gulzar had admitted that he had borrowed the title “Jhoom Barabar Jhoom”, soundtrack for a film with the same name release last year, from one of Jani Babu’s Qawwali.
Jani Babu was buried in Mahim graveyard. He is survived by two widows, four sons and five daughters.
Sunday, May 17, 2009
MNS, A FORCE TO RECKON WITH
Consider this – every single MNS candidate won more than one lakh votes each in Nashik. In South Mumbai Lok Sabha constituencies they stood second and almost everywhere else, they were a respectable third. MNS lost in Nashik and in North East Mumbai by a slender margin. A few thousand more votes and MNS could well have won two Lok Sabha seats in its debut.
Shiv Sena leaders claim MNS stole their votes, but the results are a clear indication that MNS did more than steal from the Sena tigers – it took away the lion’s share. MNS candidates were leading in as many as 15 of the 33 assembly segments in the city. It also means Sena can’t take Mumbai for granted any more.
No wonder then that party chief Raj Thackeray is mighty pleased with the party’s performance.
“You can’t say I caused the Sena’s defeat. I can say that my candidates lost because of Sena as they have won a sizeable number of votes,” he countered. He claimed the Marathi maanus agenda helped his party.
“There were quite a few critics and I was told that crowds at public meetings don’t translate into votes. I think they have got their answer now. The results have proved I was right,” he said.
MNS’s success also indicates that the city is now polarised between Marathis and the migrants. Sanjay Nirupam, who registered a shock win over the BJP in North Mumbai acknowledged this when he said that his victory was possible as MNS took more than one lakh votes and they were largely Marathi voters. Even the Mumbai Congress president Kripashankar Singh said that the reverse consolidation of North Indian votes in Mumbai helped Congress candidates in all five seats in the city. “Thanks to MNS’s vicious campaign, the North Indian vote was consolidated, too,” he pointed out.
It is this polarisation that gives MNS hope. “There were many who did not vote for the MNS thinking their vote would be wasted. But now they will have realised that the MNS is a strong option. We will get a lot more in the coming assembly polls and are sure to win at least 40 seats in the state elections,” said an MNS leader.
Saturday, May 16, 2009
Money magic...
Luckily, a rich Russian tourist arrives in the foyer of the small local hotel. He asks for a room and puts a Euro100 note on the reception counter, takes a key and goes to inspect the room located up the stairs on the third floor.
The hotel owner takes the banknote in hurry and rushes to his meat supplier to whom he owes E100.
The butcher takes the money and races to his wholesale supplier to pay his debt.
The wholesaler rushes to the farmer to pay E100 for pigs he purchased some time ago.
The farmer triumphantly gives the E100 note to a local prostitute who gave him her services on credit.
The prostitute goes quickly to the hotel, as she owed the hotel for her hourly room use to entertain clients.
At that moment, the rich Russian is coming down to reception and informs the hotel owner that the proposed room is unsatisfactory and takes his E100 back and departs.
There was no profit or income. But everyone no longer has any debt and the small town people look optimistically towards their future.
COULD THIS BE THE SOLUTION TO THE Global Financial Crisis? Or, is there a catch here?
Friday, April 17, 2009
WHY RATAN TATA'S NAME IS NOT ON THE BILLIONARES LIST
So many people around the world want to know that "What is the Net Worth of Ratan Tata"?
TATA Group is running 96 businesses and out of which 28 Companies are publically listed on the various stock exchanges.
Tata Group is world's top 50 Group according to Market capitalization and Reputation.
Have you ever thought why Ratan tata's name is not in the list of billionaire' s club? why Ratan Tata is not a billionaire on the Forbes magazine list of billionaire people of theworld?The reason is that, TATA Group's 96 companies are held by its main Company "TATA Sons" and the main owner of this TATA Sons is not Ratan Tata but various charitable organizations developed and run by TATA Group.
Out which JRD TATA Trust & Sir Ratan Tata Trust are the main. 65% ownership of TATA Sons which is the key holding company of the other 96 TATA Group Company is held by various charitable organizations.
So this 65% ownership ownership of Tatasons Limited is not reflected on Ratan Tata's personal Financial Statement but on the various charitable organizations. and this is the reason why Ratan Tata is not in the list of Billionaire club.if we put this 65% ownership of Tata Sons in Ratan TATA's own personal financial statement then
Ratan Tata's Net worth can become more than $ 70 billion. and that's much more than the Warren Buffet's Current Net Worth of $ 62 billion, the world's richest person according to Forbes magazine 2008.
However, it doesn't mean that Ratan Tata is poor. In one interviews he had told the reporter that, "I have my own Capital". He is the chairman of Tata Group so obviously he earns lots of money every year as a bonus, remuneration and salary. However, Ratan Tata's Net worth is not $ 1 Billion
He is not a billionaire on paper.But in reality he is the richest person of the world.
His net worth in reality is more than Bill Gates and Warren Buffet.
SO the good thing about Tata Group is that, They do Charity out of their Money...
And that is the reason TATA Group has generated so much of Goodwill over last 5 generations
Monday, February 16, 2009
Fearing jail, thousands of laid-off migrants flee Dubai
With Dubai’s economy in free fall, newspapers have reported that more than 3,000 cars sit abandoned in the parking lot at the Dubai airport, left by fleeing, debt-ridden foreigners (who could in fact be imprisoned if they failed to pay their bills).
Some are said to have maxedout credit cards inside and notes of apology taped to the windshield.
The government says the real number is much lower. But the stories contain at least a grain of truth: jobless people here lose their work visas and then must leave the country within a month.
That in turn reduces spending, creates housing vacancies and lowers real estate prices, in a downward spiral that has left Dubai looking like a ghost town. No one knows how bad things have become, though it is clear that tens of thousands have left, real estate prices have crashed and scores of Dubai’s construction projects have been suspended or cancelled.
Instead of moving toward greater transparency, the emirates seem to be moving in the other direction. A new draft media law would make it a crime to damage the country’s reputation or economy, punishable by fines of up to 1 million dirhams. Some say it is already having a chilling effect on reporting about the crisis.
Some things are clear: real estate prices, which rose dramatically during Dubai’s six-year boom, have dropped 30% or more over the past two or three months. Last week, Moody’s Investor’s Service announced that it might downgrade its ratings on six of Dubai’s most prominent stateowned companies, citing a deterioration in the economic outlook.
So many used luxury cars are for sale, they are sometimes sold for 40% less than the asking price two months ago, car dealers say. For many foreigners, Dubai had seemed at first to be a refuge, relatively insulated from the panic that began hitting the rest of the world last autumn.
The Persian Gulf is cushioned by vast oil and gas wealth, and some who lost jobs in New York and London began applying here. But Dubai, unlike Abu Dhabi, Qatar and Saudi Arabia, does not have its own oil, and has built its reputation on real estate, finance and tourism. Now, many expats here talk about Dubai as though it were a con game all along.
Tuesday, February 3, 2009
‘Married couple kissing in public not obscene’
The Delhi HC has stayed criminal proceedings against a couple wondering why an “expression of love by a young married couple”—in this case allegedly by stealing kisses in public—should attract the charge of obscenity.
Justice S Muralidhar stayed an FIR lodged against Ajit (name changed) and his wife who were booked by the Dwarka police for allegedly kissing under the local Metro station as they awaited the registration of their marriage.
“The FIR doesn’t make a case for offence under Section 294 (obscenity) read with 34 IPC. It is inconceivable how, even if one were to take what is stated in the FIR to be true, an expression of love by a young married couple would attract offence of obscenity and trigger the coercive process of law,’’ said Muralidhar. On February 25, the prosecution will have to report about action taken on the complaint of police harassment.
The couple was picked up by ASI Vidhyadhar Singh on September 4 last year after he claimed to have found them “sitting in an objectionable position near a Metro pillar and kissing due to which passersby were feeling bad’’. Though Ajit said they were married, the cop arrested them. They got bail in the police station.
The HC was surprised how the police did not attest any statement of ‘passersby’ in the FIR or the chargesheet. Ajit claimed both before the police and the bar council that the lawyer who promised to get the marriage registered connived with Singh to extort money as they were unaware of the intricacies of law.
Ajit told the court how, while they were being ‘interrogated’ by the cops, his ATM card was misused to polish off Rs 20,000 from his account. He said they got married in a temple without the knowledge of their parents and were staying separately till their marriage was registered.
Monday, February 2, 2009
$10-laptop India’s answer to MIT model worth $100
A $10 laptop (Rs 500) prototype, with 2 GB RAM capacity, would be on display in Tirupati on February 3 when the National Mission on Education through Information and Communication Techonology is launched.
The $10-laptop project, first reported in TOI three years ago, has come as an answer to the $100 laptop of MIT’s Nicholas Negroponte that he was trying to hardsell to India. The $10 laptop has come out of the drawing board stage due to work put in by students of the Vellore Institute of Technology, scientists in the Indian Institute of Science, Bangalore, IIT-Madras and involvement of PSUs like Semiconductor Complex. “At this stage, the price is working out to be $20 but with mass production it is bound to come down,” R P Agarwal, secretary, higher education said.
Apart from questioning the technology of $100 laptops, the main reason for HRD ministry’s resistance to Negroponte’s One Laptop Per Child (OLPC) project was the high and the hidden cost that worked out to be $200. The mission launch would also see demonstration of e-classroom, virtual laboratory and a better ‘Sakshat’ portal that was launched more than two years ago.
Sources also said the ministry had entered into an agreement with four publishers—Macmillan, Tata McGraw Hill, Prentice-Hall and Vikas Publishing—to upload their textbooks on ‘Sakshat.’ Five per cent of these books can be accessed free. The mission, with an 11th Plan outlay of Rs 4,612 crore, is aimed at making a serious intervention in enhancing the Gross Enrolment Ratio in higher education
Post-pilgrimage, Haj panel ups charges by Rs 5,000
Mumbai: Among the latest victims of the global meltdown are more than 1 lakh Indian pilgrims who have just returned from Mecca after the Haj.
The Haj Committee of India, the agency which manages the pilgrimage tour for many Indians, will charge Rs 5,000 in addition to what each Haji—who has used the committee’s services—has already paid.
More than 1.23 lakh Hajis availed of the Haj Committee’s services in 2008; 42,000 travelled to Saudi Arabia through private tour operators. According to the Haj Committee of India’s CEO Moha-mmed Owais, the extra money being charged is to cover the amount the committee lost because of fluctuations in currency rates.
In July 2008, when the Hajis paid the fees (Rs 85,000-Rs 95,000) to the committee, 1 Saudi Riyal was equivalent to Rs 11.44. In September 2008, when the Haj Committee paid Saudi the cost of Hajis’ accommodation in Saudi Arabia, 1 Riyal became equivalent to Rs 13. The panel was forced to pay around Rs 50 crore more to the Saudis. “The only way we can recover this deficit is from the Hajis.
We are asking each of them to pay Rs 5,000 as soon as possible,’’ Owais said. “The letters will be sent soon to every pilgrim who went to Mecca through the Haj Committee.’’ The Haj Committee has, in the past, faced flak for inconveniences to pilgrims. Hajis would get accommodation in houses far from the Kaaba, though promised otherwise.
“This time we booked the rooms from India in accordance with the availability of houses and the Hajis’ choices. This way, we saved time and avoided confusion. Earlier, Hajis had to wait for hours at Jeddah airport before they were allotted their residences,’’ Owais said.
The committee has also introduced several changes in the application process to ensure that no pilgrims are left behind once they are selected through a lottery. From this year, applicants will be first asked to fill a provisional form with basic information. Once selected, they will be asked to fill another form with supporting documents.
Put to test, exam strong room security fails
Mumbai: The porous security at Mumbai University’s examination house—where question and answer papers are stored—at M J Phule Bhavan on the Kalina campus was exposed on Saturday when a political worker, without the necessary clearances, entered the building during the lunch hour and breezed out with several MCA answer scripts.
The stunt was executed by Maharashtra Navnirman Vidyarthi Sena activist Sainath Durge. “At about 1.15 pm, I posed as a professor of Vivekanand College and entered the CAP centre. Another person accompanied me to take pictures. I took a bundle of Master of Computer Application (Semester I) answer papers of ‘Principles of Commerce and Management’ and pretended that I was correcting them. After a few minutes, I put a bundle of five papers in my bag and walked out. No one checked me,’’ he said. MNS chief Raj Thackeray told TOI, “We did not want to go on the rampage. We only wanted to expose the loopholes in the system. With this kind of free access, anyone could tamper with the answer papers.’’ The MNVS workers later deposited the papers with deputy registrar L R Mane. University officials say some faculty members could have tipped off the MNS about temporary security workers taking charge during the lunch hour.
The incident has highlighted the fact that the administration has turned a deaf ear to demands for better security at the centre where the centralised assessment process of lakhs of answer papers takes place. On campus, the centre is often described as a “big machine still running with old machine oil’’.
Close to 300 temporary workers are in charge of issuing answer papers for checking at the centre and the onus of providing security is on the 60-70 temporary guards allotted to the entire campus.
More than 100 posts vacant at exam centre Mumbai: For years, Mumbai University has been lobbying with the state government to fill up 100 permanent posts for officials—ranging from junior clerks to senior officers—who could supervise the goings-on inside the exam centre on the Kalina campus. Currently, there are only 350 permanent staffers and most of them are involved in activities like setting question papers, printing, dispatching question papers and the like.
During the centralised assessment procedure at the centre, a faculty member is expected to give his name at the entrance, which an officer enters into a computer. He then checks whether the faculty member is a registered assessee and accordingly permits entry. On Saturday, when pro vice-chancellor A D Sawant met officials to figure out what had transpired in the afternoon, he was told that the entry officer was away for lunch when an MNS worker walked in. “We have decided to probe the matter and file a complaint with the police.
We will also plug the gaps in our security system,’’ said Sawant. In a sort of explanation, he added that the university was unable to find enough MCA paper examiners and had sent a circular to colleges asking even nonempanelled professors to come and help with the assessment.
Source: Times of india -Yogesh Naik & Hemali Chhapia TNN
Thursday, January 29, 2009
Mangalore pub case
Possibly they were reenacting a scene from Mahabharat and claiming to be upholding the Hindu culture. The leader of the state like the Dhritirastra was blind and helpless while women were being molested.
The irony is that these hooligans call them self Ram and go about chasing and beating women whereas Ram never even believed in touching his own wife after a washer man specultated that Sita must have been touched by Ravan.
Looks like these upholders of Hindu dress code for women do not even seem to know that covering the whole body for women was a fashion adopted by Hindus from the Muslims during the Mughal period.
Where as if we see the painting of Hindu legends of pre Mughal period the women are generally scantily attired. In fact they used to expose more of their anatomy than the modern day Jeans clad women.
Comment by Shyam....