UID

Technolgy makes life easier !!!!

After launching of UID ( Unique identification) programme by Govt. of India now technology is spreading its reach in everywhere. Slowly and steadily to make life of Urban people more easier.

Precisely, Pune based Cityu Corporation Ltd. and SBI have stared distributing smart cards to residents of Township called "Amanora"

Apart from debit card it can be used for following purposes :

a) Access card to Township, Parking lot, Residence, etc

b) Payment of Cable Television, Club Expenses and Shopping at Township.

c) Pre-payment of Electricity and Telephone Bill

India Rising.....!!!!

· India's GDP was $ 785 billion which has increased to almost $ 1400 Billion in 2010 and should cross $ 2000 billion by 2015 (as per prediction made by experts). It is shocking that for top 3 position 2 countries are of Asia. China’s growth rate is tremendous it would report 2 fold growth rate.

Projected GDP by IMF is given below :

· In 2005 India's domestic Market for 4- wheelers was just about 1.1 million vehicles. It would cross 2 million in 2010 and would touch 4 million by 2015.

जय हो !!!!!!!!

India Rising

I

Survival of MF Industry

Survival of MF Industry
Mutual fund induistry is undergoing a turbulent times these days. Last year in 2009 SEBI banned the practise of AMC charging upfront commissions to be paid to distributors.

Due to sudden upsurge in stock market investors have pulled out from Mutual fund and started investing in the stock market. Mutual fund industry has recorded a total loss of atleast of Rs. 10463 crores from Equity linked schemes in last 8 months.

Following are the results of top AMC's result:

1) ICICI prudential Assets Management Co. Ltd profit fell by 67%.
2) Kotak AMC ltd quoted a loss of Rs. 3 crorers
3) IDFC AMC Ltd lost 10% lost in its profit.

Lets hope all is set right well before the situation becomes aggravated.