Showing posts from 2010


In finance, a security whose price is dependent upon or derived from one or more underlying assets is a derivative .The derivative itself is merely a contract between two or more parties. Its value is determined by fluctuations in the underlying asset. The most common underlying assets include stocks, bonds, commodities, currencies, interest rates and market indexes.There are many kinds of derivatives, with the most common beingswaps,futures, andoptions. Derivatives are a form ofalternative investment.A derivative is not a stand-aloneasset, since it has no value of its own. However, more common types of derivatives have beentraded onmarketsbefore their expiration date as if they were assets. Most derivatives are characterized by high leverage.There is a general feeling that derivatives are highly complicated instruments and can be traded by only highly qualified individuals. This might be true to a certain extent but with good understanding of the concepts & appreciating the risks…


India is a country of extremes. On the one hand, the booming IT branch has caused a furor around the world. However, on the other hand, a large part of the population still lives in extreme poverty.Nevertheless, people with professional qualifications have a realistic chance of getting a job in this threshold country,India is more connected than ever before. Mobile towers, internet lines and television poles stretch from one end of the country to the other. Yet underneath these growing technological networks, much of India’s rickety infrastructure is in desperate need of attention. Broken roads prevent goods from being transported to market. India’s power grid is frightfully overburdened, especially in densely populated urban areas.In India, 54% of rural households have no access to electricity. Progress on electrification in rural areas has been very slow over the last two decades. Kerosene is the main source of energy used for lighting in rural households without access to electrici…

बढ्ता हुआ ई एम आई का बोझ

रिजर्व बैक ने दो नवम्बर को दूसरी तिमाही की मौद्रिक समीक्षा में होम लोन से जुड़े नियमों में कई बदलाव किए है। बैक अब फ्लैट की कीमत का महज 80 फीसद तक लोन दे पाएंगे। इसका साफ मतलब है कि अब डाउनपेमेंट ज्यादा देना होगा। इससे पहले रिजर्व बैक ने ऐसी कोई सीमा तय नहीं की थी जिससे कई बैंकों से लोग 85 और 90 फीसद तक लोन हासिल कर लेते थे। अभी तक ग्राहक को घर की कीमत के अलावा रजिस्ट्रेशन शुल्क तक की रकम बैंक से लोन के रूप में मिल जाती थी लेकिन अब रिजर्व बैंक ने होम लोन के लिए नया तरीका लोन टू वैल्यू अनुपात को लागू कर दिया है। होम लोन के मामले में यह अनुपात किसी भी हालत में 80 फीसद से ज्यादा नहीं होगा।
रिजर्व बैक ने जोखिम से जुड़े प्रावधान (प्रोविजनिंग) को भी सख्त कर दिया है। अभी 74 फीसद वाले लोन टू वैल्यू के 30 लाख रु पए तक के होम लोन पर बैंक को बतौर प्रोविजनिंग के 50 फीसद रकम रखनी पड़ती थी। अगर यह लोन 30 लाख रु पए से ज्यादा होता था तो बैक को 75 फीसद प्रोविजनिंग करनी पड़ती थी। अगर लोन टू वैल्यू 74 फीसद से ज्यादा है तो बैंक को प्रोविजनिंग 100 फीसद करनी पड़ती थी। लेकिन रिजर्व बैक ने इसमें बड़ा बदलाव क…


Superstition and Science are mutually conflicting words. Can we think about a barren woman with her children!But it is a ticklish job to sort out the age-old beliefs into superstitions and scientific beliefs.The world today is governed by science. Science has made life easy and man has advanced a lot. Superstitions have no applications in today's life. So we should not follow the superstitions that were passed on to us by our ancestors. We should follow only the ones which have scientific and logical basis. A person believing in superstitions is always haunted by unknown fears and anxieties. He lose self-confidence. Education is one factor that can wipe out superstitions to some extent. A scientific outlook and temper should be cultivated to do away with superstitions.Superstitions are time tested assumptions. In basic science there are three aspects-- assumptions, theory and principle. When an assumption is empirically found to be correct even though without any supporting theor…

Diwali – The New Year of Hindus

Diwali or Deepavali is not only the festival of lights, but also marks the beginning of the Hindu New Year. Homes are filled with oil lamps, candles and lights. It is one of the most popular Indian national celebrations as it is believed that the goddess of good luck visits our homes to brighten our luck.The first day of Diwali is also a New Year of Business.On the occasion old business accounts and deals are settled and new account books are opened. Special ceremony is performed to worship the books to run their business well in the New Year. This is also the time of year when businessmen visit temples to pray for good fortune in next year. Diwali is very important festival for many Hindus. One of the most important thing done on Diwali is to drive out ‘Alaksmi’, or the goddess of bad luck, poverty and misfortune. In India the woman of the house will sweep the entire house. This is suppose to also sweep out the goddess of bad luck.The goddess is usually depicted with four hands, repr…


Moon was never more beautiful… :)Karva Chauth, karva (karuaa) means a clay pot, and chauth (from char meaning four) corresponds to the fourth. Specifically, in this case Chauth (signifying the day of Karva Chauth festival) is the fourth night (day) after the Full Moon in Kartik month (of Hindu calendar) following the Autumnal Equinox.The idea behind Karva Chauth is very sweet and noble,celebrated by allmarriedHindu women. They observe a fast for the long life of her husband and in the evening, they adornbridal makeup.Marriages in India are a sacred union of not just two individuals but also two families. Many such successful unions are testament to the fact that marriages are considered with utmost seriousness in India and are lifelong alliances.Fasts are kept by married hindu women and they pray for the long life of their husbands. Lot of tradition is associated with the festival of Karwa Chauth. Breaking the day long fasting after moon-sighting is one such long tradition which has b…


Sita was a foundling, discovered in a furrow in a ploughed field, and for that reason is regarded as a daughter ofBhudevi, the Goddess Mother Earth. She was found and adopted byJanaka, hence she was also calledJanaki, king ofMithilain present day Nepal and his wife Sunayana. Since she was the princess ofMithila, she was (and is also) known asMaithili.Upon her coming of age, aswayamwarawas held to select a suitable husband for her, and she was wed toRama, prince ofAyodhya, anavataraofVishnu.Sita is the consort of Lord Rama, the seventh avatar (incarnation) of Lord Vishnu. Sita is the one of the most popular goddesses of Hindu religion. Devi Sita is regarded as the incarnation of Goddess Lakshmi, the divine consort of Lord Vishnu. Sita is considered as the ideal daughter, ideal wife, and ideal mother, since ages. Goddess Sita is remembered for her virtues and attributes. Devi Sita symbolizes all that is noble in womanhood.
Sita is one of the principal characters in The Ramayana.Her entir…