Bhavishya Nirman Bonds

• High Security CRISIL - AAA
• High Liquidity Tradable a BSE
• High Return 12.18% Simple Post Tax Return
• Offer Min Price 8500/- and Return as 12.18%

By NABARD - National Bank for Agriculturae and Rural Development

website - http://www.nabard.org/#

5 Minute Management Course

• Lesson 1 A man is getting into the shower just as his wife is finishing up her shower, when the doorbell rings. The wife quickly wraps herself in a towel and runs downstairs. When she opens the door, there stands Bob, the next-door neighbour. Before she says a word, Bob says, 'I'll give you $800 to drop that towel.' After thinking for a moment, the woman drops her towel and stands naked in front of Bob, after a few seconds, Bob hands her $800 and leaves. The woman wraps back up in the towel and goes back upstairs. When she gets to the bathroom, her husband asks, 'Who was that?' 'It was Bob the next door neighbour,' she replies. 'Great,' the husband says, 'did he say anything about the $800 he owes me?' Moral of the story If you share critical information pertaining to credit and risk with your shareholders in time, you may be in a position to prevent avoidable exposure.
• Lesson 2 A priest offered a Nun a lift. She got in and crossed her legs, forcing her gown to reveal a leg. The priest nearly had an accident. After controlling the car, he stealthily slid his hand up her leg. The nun said, 'Father, remember Psalm 129?' The priest removed his hand. But, changing gears, he let his hand slide up her leg again. The nun once again said, 'Father, remember Psalm 129?' The priest apologized 'Sorry sister but the flesh is weak.' Arriving at the convent, the nun sighed heavily and went on her way. On his arrival at the church, the priest rushed to look up Psalm 129. It said, 'Go forth and seek, further up, you will find glory.' Moral of the story If you are not well informed in your job, you might miss a great opportunity.
• Lesson 3 A sales rep, an administration clerk, and the manager are walking to lunch when they find an antique oil lamp. They rub it and a Genie comes out. The Genie says, 'I'll give each of you just one wish.' 'Me first! Me first!' says the admin clerk. 'I want to be in the Bahamas , driving a speedboat, without a care in the world.' Puff! She's gone. 'Me next! Me next!' says the sales rep. 'I want to be in Hawaii , relaxing on the beach with my personal masseuse, an endless supply of Pina Coladas and the love of my life.' Puff! He's gone. 'OK, you're up,' the Genie says to the manager. The manager says, 'I want those two back in the office after lunch.' Moral of the story Always let your boss have the first say.
• Lesson 4 An eagle was sitting on a tree resting, doing nothing. A small rabbit saw the eagle and asked him, 'Can I also sit like you and do nothing?' The eagle answered: 'Sure, why not.' So, the rabbit sat on the ground below the eagle and rested. All of a sudden, a fox appeared, jumped on the rabbit and ate it. Moral of the story To be sitting and doing nothing, you must be sitting very, very high up.
• Lesson 5 A turkey was chatting with a bull. 'I would love to be able to get to the top of that tree' sighed the turkey, 'but I haven't got the energy.' 'Well, why don't you nibble on some of my droppings?' replied the bull. They're packed with nutrients.' The turkey pecked at a lump of dung, and found it actually gave him enough strength to reach the lowest branch of the tree. The next day, after eating some more dung, he reached the second branch.. Finally after a fourth night, the turkey was proudly perched at the top of the tree. He was promptly spotted by a farmer, who shot him out of the tree. Moral of the story Bull Shit might get you to the top, but it won't keep you there.
• Lesson 6 A little bird was flying south for the winter. It was so cold the bird froze and fell to the ground into a large field. While he was lying there, a cow came by and dropped some dung on him. As the frozen bird lay there in the pile of cow dung, he began to realize how warm he was. The dung was actually thawing him out! He lay there all warm and happy, and soon began to sing for joy. A passing cat heard the bird singing and came to investigate. Following the sound, the cat discovered the bird under the pile of cow dung, and promptly dug him out and ate him. Morals of the story (1) Not everyone who shits on you is your enemy. (2) Not everyone who gets you out of shit is your friend. (3) And when you're in deep shit, it's best to keep your mouth shut!
• THUS ENDS THE FIVE MINUTE MANAGEMENT COURSE

A rival for Sensex? Dow Jones unveils India Titans Index

A rival for the fabled Sensex is on the anvil. Rupert Murdoch-owned Dow Jones Indexes - which owns the widely tracked Dow Jones Industrial Average index that covers 30 large US companies listed on the New York Stock Exchange - has unveiled a blue chip index for India. The Dow Jones India Titans 30 Index will measure the performance of the 30 largest and most liquid stocks listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Dow also announced the launch of The Global Dow, an index whose components are selected by the editors of The Wall Street Journal. The indexes were unveiled by Rupert Murdoch, chairman and chief executive of News Corporation in Mumbai on Monday.

"I'm excited to announce the launch of a new blue-chip index for India. It will be licensed to financial institutions as the basis of investment products, such as exchange-traded funds," Murdoch said. "It's to be seen how the Dow's India index is going to be accepted. The Sensex is synonymous with the stock markets. Even the NSE's Nifty Index could not challenge the position of the Sensex," said BSE dealer Pawan Dharnidharka. The Sensex (short for BSE Sensitive Index), which tracks the movement of 30 major stocks listed on the BSE, is the most widely tracked marker in India now.

The Titans Index is weighted with individual components capped at 10 per cent. The index is calculated in US dollar and Indian rupee and reviewed annually in March. As of July 31, 2008, the Dow Jones India Titans 30 (US $) has gained 62.03 per cent back tested from its base date, December 31, 2005.

"What the world needs is a trusted means of measuring this country's development and an index that can be used by investors around the world to track the progress of Indian companies and the Indian economy. We will see huge capital flows both from and to India in coming years and that is an opportunity for us as a financial information company, as well as for international investors who want to take advantage of this profound trend," Murdoch said.

Murdoch said: "The world is changing and how we measure that change economically and financially is clearly a challenge and an opportunity. We have seen a reweighting of risk, but the world itself is being economically rerated and so we need an index that allows investors to take advantage of these changes." According to Murdoch, Indian companies will obviously have a place in The Global Dow "as will companies from other emerging countries where we have seen an unprecedented economic emancipation over the past two decades".

Robert Thomson, managing editor, The Wall Street Journal said, "While we must reflect the global stock market as it is, we must also recognise the rapid rise of companies in countries such as India." The Global Dow will track the share prices of existing and future global leaders in every industry.

Link - http://in.biz.yahoo.com/080804/203/6w6u5.html

Happy New Year - 2008

Wishing you and your family Happy New Year - 2008

Happy Diwali

Happy and Prosporous Diwali to you and your family.

Bill Gates - 11 things they did not and will not learn in school

Bill Gates gave a speech at a High School about 11 things they did not and will not learn in school. He talks about how feel-good, politically correct teachings created a generation of kids with no concept of reality and how this concept set them up for failure in the real world.

• Rule 1 : Life is not fair - get used to it!
• Rule 2: The world won't care about your self-esteem. The world will expect you to accomplish something BEFORE you feel good about yourself.
• Rule 3: You will NOT make $60,000 a year right out of high school. You won't be a vice-president with a car phone until you earn both.
• Rule 4: If you think your teacher is tough, wait till you get a boss.
• Rule 5: Flipping burgers is not beneath your dignity. Your Grandparents had a different word for burger flipping: they called it opportunity.
• Rule 6: If you mess up, it's not your parents' fault, so don't whine about your mistakes, learn from them.
• Rule 7: Before you were born, your parents weren't as boring as they are now. They got that way from paying your bills, cleaning your clothes and listening to you talk about how cool you thought you were. So before you save the rain forest from the parasites of your parent's generation, try delousing the closet in your own room.
• Rule 8: Your school may have done away with winners and losers, but life HAS NOT. In some schools, they have abolished failing grades and they'll give you as MANY TIMES as you want to get the right answer. This doesn't bear the slightest resemblance to ANYTHING in real life.
• Rule 9: Life is not divided into semesters. You don't get summers off and very few employers are interested in helping you FIND YOURSELF. Do that on your own time.
• Rule 10: Television is NOT real life. In real life people actually have to leave the coffee shop and go to jobs.
• Rule 11: Be nice to nerds. Chances are you'll end up working for one.