RBI surges key interest rates by 25 bps

Friday, September 16, 2011

The Reserve Bank of India (RBI) has surged the key interest rates by 25 basis points (bps), its 12th such surge since March 2010 since it is concerned about the high inflation. This move will make auto, home and other loans more expensive.

After the surge, the short-term lending (repo) rate was at 8.25% and the short-term borrowing rate (reverse repo) stood at 7.25%.
The RBI while making the announcement its mid-term review of the monetary policy has maintained all the other rates and ratios unchanged.

According to a statement from RBI, “The monetary tightening effected so far by the Reserve Bank has helped in containing inflation and anchoring inflationary expectations, though both remain at levels beyond the Reserve Bank's comfort zone.”

Although, RBI has revised the key rates many times since March 2010, but inflation has still risen from 9.2% during July to 9.8% during August this year.

RBI has stated that the monetary stance will get influenced by the inclinations of the downward movement in the inflation trajectory.

Moreover, the Gross Domestic Product (GDP) growth in the first quarter (April-June) of the 2011-12 financial year has moderated to 7.7% from 8.8% in the corresponding period year ago, after witnessing slowdown in the industrial output growth in July to 3.3%, which is the lowest level in 21-months time.

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Centre may announce new exports sop scheme to replace DEPB

Centre is expected to introduce today a new scheme with the aim to replace the popular tax refund Duty Entitlement Pass Book (DEPB) for the exporters, which is scheduled to end on September 30.

Centre has been spending annually almost Rs 8,500 crore for reimbursing the exporters on the taxes paid on import equivalent to the content of export products, under the Duty Entitlement Pass Book (DEPB) scheme. The main beneficiaries are sectors such as engineering, automobile and chemicals.

It is quite popular among the Indian exporters due to its lucrative rates and also flexibility which are not available in the other refund mechanism - Duty Drawback. The exporters have been creating pressure that they should be permitted similar kind of benefits even if the nomenclature of the DEPB is altered.

The Union Finance Ministry has worked out a compromise between the DEPB and also Duty Drawback. The details of the scheme would be declared by Finance Secretary RS Gujral and the senior officials of the Central Board of Excise and Customs (CBEC).

Although exports have witnessed significant performance, surging by 54.2% between April-August 2011 to $134.5 billion, there are still concerns that the momentum won't be sustained due to the surging economic problems in US and also in Europe.

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Indian bakery market registering 8% steady growth: Assocham

India's bakery market is worth Rs 3,295 crore and it is witnessing a steady growth rate of 8%, stated the industry body the Associated Chambers of Commerce and Industry of India (Assocham).

More than 20-lakh tonnes of bread and 15-lakh tonnes of biscuits are manufactured in one single year. Moreover, Bread and rolls along with biscuits and cookies make up for 82% of the bakery products, said Assocham.

Furthermore, Cakes, pastries, buns and rusk make up for the rest. Nearly 65% of bakery products are manufactured in the unorganised sector.

DS Rawat, Secretary General, Assocham, “Due to increasing consumer gravitation towards convenience products and healthy food products, the bakery industry has undergone a virtual metamorphosis since 2004.”

Reports claim that the per capita consumption of bread is just 1.75 kg. The southern states consume almost 32% of the bread manufactured in India and in the northern, western and eastern states consume 27%, 23% and 18% respectively.

Moreover, Maharashtra and West Bengal have got large number of bakery units. Almost 55% of biscuits are consumed in the rural areas due to long shelf life and also popular taste, stated Mr DS Rawat.

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Petrol prices up by Rs 3.14/litre

The government owned oil firms have increased the petrol prices by Rs 3.14 per litre on the back of increase in the cost of importing crude oil following the depreciation of Indian currency at two-year low against the US dollar.So, how much do you now pay for a litre of petrol? Experts said the price in Mumbai would go up to Rs 71.92 from the current Rs 68.62 a litre. This would include additional state government taxes.

NEW DELHI: The government-owned oil firms have increased the petrol prices by Rs 3.14 per litre from the midnight tonight on the back of increase in the cost of importing crude oil following the depreciation of Indian currency at two-year low against the US dollar.

As per the government, the petrol price hike is an attempt to balance domestic rates with international prices as oil retailers are losing Rs 2.61 per litre or Rs 15 crore per day on sale of petrol.

State-owned oil firms like Indian Oil Corp (IOC), Bharat Petroleum Corp (BPCL) and Hindsutan Petroleum Corp (HPCL) have witnessed losses of Rs 2,450 crore this financial year on selling petrol as the petrol prices were freed from government control in June last year.

On the current petrol rate, oil companies will increase another Rs 2,850 crore of loss on sale of petrol, taking the total loss on a fuel to Rs 5,300 crore for the full fiscal.

Apart from petrol, the three state-owned companies are losing Rs 263 crore per day on selling diesel which is being sold at a subsidy of Rs 6.05 a litre, kerosene at Rs 23.25 per litre and the rates of domestic LPG are under-priced by Rs 267 per 14.2-kg cylinder.

Earlier, the three oil firms had raised petrol price by Rs 5 a litre in May and the prices of diesel, domestic LPG and kerosene price were hiked in June by Rs 3 per litre, Rs 50 per cylinder and Rs 2 per litre.

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How to get Adsense Approval within a week

Thursday, September 15, 2011

Everyone wants easy income now a days. For this people started blogging or learned basic html to make a website because we can use different advertising programs to generate simple online money. The most popular advertising program is Google Adsense & every blogger wants its approval first to use it on their websites. But google adsense is very strict advertising program, no one get its approval easily. People who are using blogger, now will have to wait for at least 6 months for a successful application submission. After that google will review your application & go through your blog or website but no one guarantee that your application will approve because you need to pass all the terms & conditions of google adsense. Many issues overcome while you apply for google adsense.

So there is a trick for those who want adsense approval without being into different google issues. For this you don't neet any blog or website. Just simply follow these steps :

1. Go to the website www.docstoc.com

2. When the whole page loads, click on register which is on the upper right side of the page.

3. Fill your original details because this is very important during the whole process.
    Note : Provide e-mail address which was never being used for adsense application submission, if  your e-mail is disapproved before you don't get the approval.

4. After that Click on I'd like to set up an Adsense Account.

5. Now select "use docstoc account" & click submit.

6. You will get an confirmation email from Docstoc & Google. Click the link provided in the google email.
    Now fill your information as same as your doctoc account information & leave the website url column.
     Select "Yes allow docstoc.comto access my account" & submit it.

7. Now login to your docstoc account. Click on Update Profile & complete your whole profile information as
    much as possible & as same as adsense information.

8. Now upload atleast 2-5 documents in the given formats. Make sure that they are not copyrited.

You are done, you will get adsense approval within a week. Now you will use this adsense account on your blog or website for your full revenue.
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How to download/save Youtube videos without any software

Thursday, August 11, 2011

How to download a video from YouTube in just 3 easy steps:

1. Copy-and-paste a YouTube video URL (example: http://youtube.com/watch?v=dXP2GdqYCOM) to www.saveyoutube.com  and hit "Download
2. If it's your first-time, a warning box may pop-up - just select "Run" to continue. This is perfectly safe and will not install software.
3. A list of download links will appear. Right-click on the format you want and select "Save As..." to start your download. That's all!

Download YouTube videos online without even copy-and-pasting the URL

Just write 'save' in front of the URL in the address bar and hit enter. For example: http://saveyoutube.com/watch?v=dXP2GdqYCOM

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How to activate Facebook video chat

Tuesday, July 5, 2011

Instruction
1.Click on the Camcorder icon in the chat window of your friend to whom you want to do a video chat.

2.You need to install a Facebook Video Chat Plugin.Click on the Setup button.

3.When you click on the Set Up button,an installation file will download.Click on that FacebookVideoCallSetup.exe to install.

OR Download Facebook Plugin

4.Click RUN

5. After installation,go back to the Chat and click the Camcorder icon on your friend’s chat Window.
Now, Facebook will show the Calling Screen and you need to wait till your friend accepts the call.

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