30 June 2011

Jai Jai Garvi Gujarat

1. Gujarat is one of the most prosperous states of the country, having a per-capita GDP 3.2 times India’s average.

2. If it was a nation it would have been 67th richest nation in the world above many European and Asian economies like China and Ukraine .

3. Gujarat holds many records in India for economic development:
· 20% of India’s Industrial Output
· 9% of India’s Mineral Production
· 22% of India’s exports
· 24% of India’s textile production
· 35% of India’s pharmaceutical products
· 51% of India’s petrochemical production

4. The world’s largest ship breaking yard is in Gujarat near Bhavnagar at Alang.

5. Reliance Petroleum Limited, one of the group companies of Reliance Industries Limited founded by Dhirubhai Ambani operates the oil refinery at Jamnagar which is the world’s largest grass roots refineries .

6. Gujarat ranks first nationwide in gas-based thermal electricity generation with national market share of over 8% and second nationwide in nuclear electricity generation with national market share of over 1%.

7. Over 20% of the S&P CNX 500 conglomerates have corporate offices in Gujarat.

8. Over 35% of the stock market wealth of India is with Gujarati People.

9. Over 60% of Indian Population in North America is Gujarati.

10. An average income of a Gujarati family in North America is three times more than the average income of an American family.

11. Gujarat is having the longest sea shore compared to any other Indian state

12. Gujarat is having the highest no. of operating airports in India (Total 12).

13. India’s 16% of Investment are from Gujarat.

14. Gujarat is having highest no. of vegetarian people compared to any other state in India.

15. The first ALL VEG PIZZA-HUT was opened in Ahmedabad

16. Ahmedabad – the commercial capital of Gujarat is the seventh largest city in India.

17. Surat is the fastest growing city in the world.

18. Gandhinagar is the Greenest Capital City in whole Asia.

19. Indian Institute of Management, Ahmedabad(IIMA) is Asia’s 1 st and world’s 45th ranked management college located in Ahmedabad, Gujarat.

20. Gujarat is the safest state as the Crime rate of it is 8.2 which is the least in India even after considering 2002 communal riots, stated by India Today 2005 report.

21. Gujarat is having least crime against women among all Indian states (excluding Goa) where AP is 1st, Delhi is 2nd , Bihar is 3rd ,Zarakhand is 4th and UP is 5th.

22. Ahmedabad which is the seventh largest city in India is the lowest in crime rate among all Tier-I and Tier-II cities of India as per National Crime Records Bureau (NCRB) report.

23. Ahmedabad is ranked 2nd in Real Estate – Ahead of Bangalore,Chennai, Hyderabad, Mumbai & Delhi. 3rd in Policy Initiatives – Ahead of Bangalore, Chennai, Calcutta, Mumbai & Delhi. 4th in Manpower – Ahead of Bangalore,Chennai, Mumbai & Delhi.

29 June 2011

Here Is The Impact OneX Will Have On Our Lives!



I just wanted to share with you the in's and out's of what is about to happen in One X! It is about to get REALLY, REALLY Exciting!!


Here is the latest recorded webinar...a MUST See:

http://InstantTeleseminar.com/?eventID=20790282

http://onex.me/shantib

Although I am giving you the highlights below, please watch it for yourself. It is that important! Now, please do me a favor; print this email, grab your favorite beverage, sit back, kick your feet up, and read this like it were your favorite novel!! Lol Believe me, it is that important that you understand exactly HOW you are going to be paid in One X! Knowledge will prepare you for anything. To be prepared, please Read all the way to the bottom!

So, Let's Get Started, Shall We?

There will be two Major Rounds ahead and this will put money in your pocket faster than anything right now because it will be exponential! THIS IS ALL NEW!

ROUND 1 - (First Commission Run for Stage One) Target Date Thursday June 29th
ROUND 2 - (Second Commission Run for Stage Two) Target Date Friday July 1st

Beginning on Thursday, June 29th, we can start looking for the Funding count down clock on the QLxchange website. Notice I said start looking. It may be a 48 hour clock. If the clock does not appear on Wednesday, and it appears on Thursday, then it may be a 24 hour clock. You will want to get as MANY people in as you can BEFORE the 29th!

Let me explain the Funding process before I go into the Rounds.

Once the Funding clock goes to zero, we will be able to fund our Reserve accounts (e-wallets) in our QLxchange back office. This funding will occur from Solid Trust Pay OR through KEYS. You want to at least fund your Reserve account with the $5 so you can upgrade to Row 1, Tier 1. If you will be buying KEYS, you will also need to add that money to your Reserve fund. During this funding period, we will be able to BUY and TRANSFER Keys. You can only transfer Keys to the people that you have personally sponsored, or to your Upline.

Latest and Great News! If a sponsor can transfer a KEY to their personally sponsored member, then the member can get started WITHOUT having a Solid Trust Pay account. If you need any help with funding your account I will be able to help you with the use of the Keys. Transferring a Key to them is just like putting $5 in their Reserve account. Once you transfer a Key to someone, they now become the owner of the Key(s) and if you transfer more than one Key, they can now transfer the remaining Keys to their personally sponsored members, and so on. Also, keep in mind that the Automatic Upgrade options have changed. There is now only an Automatic Upgrade ON and an Automatic UpgradeOFF. The default will be "ON"... So during this funding period, you have the option to turn it to OFF... But read a little further before you make that decision.


Now, on to the Commission ROUNDS!!

ROUND 1 - Target Date June 29th at 7:00pm eastern (IF everything goes as planned)

Between now and the 29th, you want to invite anybody and everybody into your One X downline! Prior to the 24th, we will be able to fund our Reserve account, buy and transfer keys, and bring in as many people as we can. Then on the 29th, everything will STOP! And the Calculations will begin. The Join and manual upgrades buttons will be turned OFF.

Beginning with Stage One, Tier 1, the system will start with the member with the smallest ID number and begin to pay their Tier 1 upgrade ($5) to who it is suppose to go to and it will then move to the next person and do the same, until it has calculated all of the Stage One, Tier 1 upgrades for the entire matrix, all the way down to the very last member. When all of the Tier 1 upgrades have been calculated, the system will begin the calculations for Stage One, Tier2.

This is WHY you want to leave your Automatic Upgrades set to "ON"!

If you have 4 people on your first row, whether they are your own personally sponsored or if they got there by spillover, during the Tier 1 calculations, you will have received $20 in your Reserve account. The upgrade to Stage One, Tier 2 is $10. So, when the system begins the calculations for Tier 2, it will follow the same process and if you have your automatic upgrades set to "ON", at this time, it will automatically upgrade you to Tier 2, and will pull $10 from your Reserve fund and send it where it needs to go. It will perform this calculation from the first person to the last.

Now, you are left with $10 in your Reserve account (if you just started with $5) and have now been upgraded to Tier 2. If a person on your second row upgrades to Tier 2, you will receive $5 and your sponsor will receive $5, for the matching bonus. If more than one person on your second row has upgraded to Tier 2, you will receive another $5 and your sponsor will receive $5 for each person on your second row who has upgraded to Tier 2. That is a minimum of $20 back in your Reserve account. (2 upgrading to Tier 2). Now, you are ready for the Tier 3 calculations.

The upgrade for Tier 3 is $20. Your Automatic Upgrades are set to "ON". As the system starts the calculations for Tier 3, you will be automatically upgraded and it will pull the $20 from your Reserve fund and pay it where it is suppose to go. As the people on your row three have upgraded to Tier 3, you will receive $10 and your sponsor will receive $10 as a matching bonus. If you have at least 4 people on your row 3 who have also upgraded to Tier 3, you will have received at least $40.

When the system gets ready to calculate Sage One, Tier 4, it will follow the same process and will automatically upgrade you to Tier 4. It will pull the $40 from your Reserve fund and pay it where it is suppose to go. And the best part is now that you have been automatically upgraded to all 4 Tiers in Stage One, any monies you receive after your Tier 4 upgrade is pure profit! The calculations will not go into Stage 2.

We are told that this whole entire process of calculations from all 4 Tiers of Stage One will only take a few minutes! And when it's done, you will have what ever monies you have earned immediately available to you in your back office! So, if you have a full matrix (340) by the time ROUND 1 is over, that will be an immediate $5,785 to you! That is the total commissions earned of $5,860 minus the upgrade costs of $75 for Stage One.

And don't forget the MATCHING BONUSES you will have earned through all of these calculations.

That will be IN ADDITION to any money you have received from upgrades! Now, you can buy MORE Keys to help even more people to join your business. Just give them away! If they have not been redeemed in 48 hours, the Key goes back to your Reserve fund and you can give it to someone else.

Please Note: Although you don't have to have an STP account to get started, when it comes time for you to make withdrawals from your Reserve account, you will need to have that STP account verified and ready to accept your withdrawals... so you still have a little time. There may be other methods of withdawing but at this time, we don't know what they are. We will also be able to transfer money member to member in the QLxchange back office.

***Until you get ready to withdraw your money, it will just continue to accumulate in your Reserve Fund.

ROUND 2 - Target Date July 1st (if everything goes as planned)

Between June 29th (after ROUND 1) and July 1st, you will have the opportunity to bring in even more people because now you will have had the opportunity to purchase extra Keys! Just give them away!! Give them to people who need our help .... Give them away to someone that you want to help make a difference in their life because this definitely will.

ROUND 2 will follow the exact process as ROUND 1. Take the time in between Rounds to help as many people as you can. They will thank you for it later!




How to Interpret the One X Income Chart

Keep in mind, that you can not be paid for a Tier that is higher than the one that you are on. If a person is not qualified on a level that is equal or higher than the level someone in their matrix is upgrading to, the system will look upline of the originally targeted member for the first member who is qualified. Once found, that member will receive the commission and their sponsor receives any paid Matching Bonus. However, you do not have to be on an equal or higher level to receive the matching sponsor's bonuses. If someone you personally sponsor is on a level above you and they get paid, so do you!

With the exception of Stage One - Tier 1, the upgrading process creates a commission for two members: (1) The qualified upline (50% of the upgrade fee). (2) The sponsor of the qualified upline (50% of the upgrade fee). This equates to a 100% Matching Bonus.


A Tier 1 upgrade pays the member 1 level upline.
(Stage One cost = $5, Stage Two cost = $80)

Row 1 - When the 4 people on your Front Line upgrade to Tier 1, they will pay YOU $5 each for a total of $20. Because you are 1 level above them (they do not have to be your personally sponsored member) they pay you. There is no matching bonus for a Tier 1 upgrade. Total paid to YOU (4x$5) = $20

A Tier 2 upgrade pays the member 2 levels upline.
(Stage One cost = $10, Stage Two cost = $160)

Row 2 - These 16 people on your Row 2 started the process as your Front Line's Row 1 and paid them their original $5 for the Tier 1 upgrade. The cost to upgrade to Tier 2 is $10. When these 16 people get ready to upgrade to Tier 2, they will pay $5 to you, as you are 2 levels above them and $5 to your sponsor as a matching bonus. Total paid to YOU (16x$5) = $80

A Tier 3 upgrade pays the member 3 levels upline
(Stage One cost = $20, Stage Two cost = $320)

Row 3 - These 64 people on your Row 3 paid their original $5 for the Tier 1 upgrade to those 16 people on your Row 2. When they upgrade to Tier 2, they will pay $5 to the person 2 levels above them, your Row 1, and if you are the sponsor of the person they are paying, you will get a $5 sponsor's matching bonus! The cost to upgrade to Tier 3 is $20. When these 64 people get ready to upgrade to Tier 3, they will pay you $10, as you are 3 levels above them, and $10 to your sponsor as a matching bonus. Total paid to YOU (64x$10) = $640 + Sponsor's Matching Bonuses.

A Tier 4 upgrade pays the member 4 levels upline
(Stage One cost = $40, Stage Two cost = $640)

Row 4 - These 256 people on your Row 4 paid their original $5 for the Tier 1 upgrade to those 64 people on your Row 3. When they upgrade to Tier 2, they will pay $5 to the person 2 levels above them, on your Row 2, and if you are the sponsor of the person they are paying, you will get a $5 sponsor's matching bonus! When they upgrade to Tier 3, they will pay $10 to the person 3 levels above them, on your Row 1, and if you are the sponsor of the person they are paying, you will get a $10 sponsor's matching bonus! The cost to upgrade to Tier 4 is $40. When these 256 people get ready to upgrade to Tier 4, they will pay you $20, as you are 4 levels above them, and $20 to your sponsor as a matching bonus. Total paid to YOU (256x$20) = $5,120 + Sponsor's Matching Bonuses.

In Phase 1, Stage One, you will have received a total of $5,860 minus the $75 to upgrade up to Stage One, Tier 4. This same structure applies to the remaining stages and Phases.

Well, I hope you have enjoyed the novel and you are beginning to understand just how big of an impact One X can make on your life and the lives of others.

Have a great week and do all that you can before the 24th!!

http://onex.me/shantib

The Best To You & Yours

Airtel 3G launch international video calling services

Have you ever missed sharing a special moment with a loved one living abroad, or wished you could share visual information instantly with your colleagues in the international markets? Now talking with your family, friends and colleagues based overseas is just one video call away.

Bharti Airtel, a global telecommunications company with operations in 19 countries across Asia and Africa announced the launch of its International Video Calling capabilities on 3G for its customers in India. With this, Airtel 3G mobile customers in the country will now be able to leverage Airtel internet on 3G to make international video calls and interact face-to-face with their loved ones and colleagues living abroad - instantly sharing experiences and information.

Launching the service Mr. Atul Bindal, President, Mobile Services, Bharti Airtel said, "At Airtel, it is our constant endeavor to introduce services that enrich the lives of our customers. As we take the lead in launching International Video Calling on 3G in India, this marks the beginning of a new era of next generation communication in the country - one that will help mobile customers break the barrier of boundaries and instantly connect with their personal and business network across the world. Given the high demand of video calling services seen since the launch of Airtel 3G services; we are confident that our customers will see great value from the availability of this capability for international calls as well. We invite our 3 million plus Airtel 3G customers to enjoy this exciting experience."

Airtel's International Video Calling is currently available for 227 international geographies. An Airtel 3G customer in India can see and talk with his friends and relatives in USA, Canada, Bangladesh face to face through video call at just 14/min, while on the move. Similarly, video calls to UAE, Singapore, Malaysia, Saudi Arabia and Oman are priced at 20 per minute.

As a pre-requisite to making ISD video calls, both the caller and the called customer have to be on 3G network and have a front-camera in their 3G handset in their respective countries.

Top 5 laptops below Rs 30, 000

Tablets and smartphones are the trend of the day; however laptops still has its place retained and safe. Having an iPad or Samsung galaxy may look cool but the amount of functionality that traditional laptop can provide is amazing. Unlike tablets it is easy to use without any strings of delicacy attached and hence it is most sought after product in India. Today the market of laptop is very diverse and options are innumerable. But the question arises as to how to avail a good laptop with entire essential features and at a reasonable price.

Here is some of the laptop with best features at a price below Rs 30, 000.

Acer Aspire 4741z



Acer Aspire 4741z model is just Rs 28000. It is good quality laptop with Windows 7 Operating system pre-installed which is priced reasonably less than 30000. This light weight and thin laptop do not only comes with the Windows 7 Operating system, but with all the necessary latest communication technologies built into it. This same Acer Aspire 4741z laptop is also available with Linux operating system, but we recommend the one pre-installed with windows 7. It runs on Intel Pentium Processor P6000 (3MB L2 Cache, 1.86GHz, 1066MHz) and powered by Operating System: Windows 7 Home Basic. It has a memory consisting of 3GB DDR3 RAM and a screen of 14 inch HD LED with Intel HM55 Chipset. It has a Hard Drive of 320GB and Multi-Card Reader. It has bluetooth, Gigabit LAN, WiFi, Webcam, 3x USB2.0 Ports, HDMI port with 6cell Battery.

Dell Vostro 3450



Dell Vostro 3450 is a stylishly designed high-mobility laptop and specifically designed for small business. It comes in a durable aluminum finishing along with latest features and technologies. It is loaded with up to 8GB 1333 MHz Dual channel DDR3 support, 750GB 7200rpm SATA Hard Disk Drive, 2.0MP Webcam and Digital array Mic with Windows Live Messenger Video Chat Software, 8X DVD+/-RW with double-layer DVD+/-R write capability, Bluetooth v3.0+HS, 802.11b/g/n WLAN, Finger-Print Reader, etc.

It has 14" inch High Definition LED Anti-Glare Display with 1366 x 768 Resolution powered by Intel Core i3/i5/i7 Dual Core CPU Processor supporting with Intel Graphics Media Accelerator HD/ AMD Radeon HD6630M Graphics Card with 1GB Video Memory Switchable Graphics Card, Intel Mobile HM67 Express Chipset and runs with Genuine Windows 7 Operating System.

It is available at a price of Rs 29,500.


Compaq Presario CQ42-451TU


Compaq Presario CQ42-451TU is an excellent performance laptop that comes in a smart-elegant design along with high-end features and technologies. It has 14.0" inch HP Bright View LED Wide Screen Display with Resolution of 1366 x 768 pixels powered by Intel Pentium P6200 Processor along with Intel HM55 Chipset support. It is equipped with 2 GB 1066 MHz DDR3 Memory supports up to 8GB DDR3 Memory, 320 GB SATA Hard Disk Drive with Light Scribe SuperMulti DVD+R/RW Optical Drive support, Integrated 10/100BASE-T Ethernet LAN, 802.11b/g/n Wi-Fi Connectivity, Altec Lansing Speakers, 5-in-1 integrated Digital Media Reader and runs on Free DOS Operating System. It is available at Rs 24,900.

Acer eMachine 732z


Acer eMachine 732z can be grabbed at Rs 22500 in the market and is one of the cheapest laptop in 15.6 inch screen with Dual core processor and Linux operatin g system. It comes with 1GB RAM and 250GB HDD. Multi card reader, HDMI port, DVD writer Wifi and Gigabit LAN are the other important features. Best deal from Acer now available in India. Acer eMachine e732z is the cheapest and best performing laptop from Acer. It is powered by the latest Intel Pentium Dual Core P6100 Processor and 1GB of DDR3 RAM with 15.6 screen.

Lenovo laptop G450


This Lenovo laptop G450 is available in 5 price ranges with different specification. This Lenovo Laptop G450 starts it is price from Rs 26000 to Rs 32500. The entire 5 G45 0 model comes with FREE DOS operating system. The big difference on price between these models is mainly for the processor, RAM Capacity and the Hard Drive capacity. The common hardware among these models are RAM which is DDR3, Display which is 14inch, DVD RW Drive, Camera and 6cell battery. Compare the specification of each Lenovo Idea pad G450 model laptops and make the buying decision.

Apple, Intel join Google in bidding for Nortel patents

Auction for thousands of wireless technology patents belonging to failed telecom giant Nortel began Monday.

The bidding process for 6,000 patents and patent application began in April, with Google offering a $900-million stalking horse bid. If no other player had entered the bidding process, auction would ended June 20.

But because of the entry of other bidders, including Apple, Intel and Ericsson, Nortel delayed the auction by a week. The highest bid placed Monday will be reviewed by a US bankruptcy court in Delaware July 11.

The 129-year-old Canadian telecom giant, which declared bankruptcy in the US and Canada 2009 after its accumulated problems, has been selling its various businesses to pay off debtors.

The portfolio of 6,000 patents and patent applications relating to cutting-edge, next-generation wireless technology is its last remaining asset to go on the auction block.

With other giants joining the bidding process, the patent portfolio now is likely to fetch Nortel much more than the $900 million offered by Google. According to technology analysts, it could go up to $1.5 billion.

Since Nortel-patented technology is used in RIM's BlackBerry, Apple's iPhone and Google Android smart phones, the buyer of these patents will gain the rights to license this technology to secure royalties and market influence in the multi-trillion-dollar technology field.

Google was the first make an offer for Nortel patents because the Internet search engine giant is entering other areas, including telecom, as devices running on its Android operating system are fast snatching market from Apple, RIM, Nokia and Microsoft.

At its peak, Ottawa-based Nortel was the world's top telecom company, with a market value of over $250 billion and 90,000 employees around the world.

The auction will formally spell the end of the former technology giant.

Mobile payments users to grow by 40 percent by 2015

A new report by analyst firm Juniper Research forecasts that the number of mobile phone users making payments for digital goods will reach 2.5 billion worldwide by 2015, up from 1.8bn forecast for 2011. This represents a growth of 40 percent.

Mobile tickets for transport and entertainment were found to be two of the key sectors influencing growth although new service and application adoption will also be very important.

Senior analyst David Snow gave more details: "Whilst the mobile payments sector offers substantial growth opportunities, it needs to be seen by innovative players as a platform from which to develop new value added applications and services such as personalized mobile coupons, loyalty schemes, and novel augmented reality offerings."

However, the Juniper report also warned that fraud levels with certain types of payments such as PSMS and direct billing are on the increase with mobile security becoming a key issue in the not too distant future.

Further key research from the Mobile Payments for Digital & Physical Goods report shows;The Far East & China region will be the largest, accounting for nearly 30 percent of the total by 2015 and that the Indian Sub-Continent is forecast to exceed 400 million users by 2015.

The report uses an innovative new approach to compare the positioning of some 17 mobile payments vendors. These vendors are also profiled in the report, enabling the reader to identify and compare their strategies. In depth market forecasts provide detailed five year regional data for mobile digital & physical goods payments, showing key parameters including subscriber take-up, transaction sizes and volumes. The report also reveals the strategies that are being used to enable users to pay by mobile through case studies from companies such as Virgin Media and Badoo.

Inflation cost Indians extra Rs 5.8 Lakh Crore in last 3 years

Amid government facing flak over high inflation, a study has revealed that Indian households incurred an additional expenditure of whopping Rs 5.8 lakh crore in the last three years because of spiralling prices.

"The rise in inflation to 8 per cent per year during 2008-09 to 2010-11, from 5 per cent in the preceding three years eroded the purchasing power of money and inflated the consumption expenditure bill of Indian households by Rs 5.8 trillion (Rs 5.8 lakh crore)," research firm Crisil said in a study 'Inflation Hurts'.

Inflation was not uniform and food items saw a sharper price hike, compared to non-food items during the three-year period. "Food inflation was at 11.6 per cent during 2008-09 to 2010-11 as compared to non-food inflation of 5.7 per cent," Crisil said.

The immensity of the additional burden to households can be gauged from the fact that India' GDP at constant prices stood at Rs 78,75,627 crore in 2010-11.

Headline inflation, which includes both food and non-food primary articles, besides manufactured items, has been above the 8 per cent mark since January 2010. It was 9.06 per cent for May this year.

The Reserve Bank has hiked its key-policy rates 10 times since March 2010 to curb demand and tame inflation.

In its annual monetary policy for 2011-12, RBI said that inflationary pressure is likely to continue during the first half of the current fiscal on account of high global commodity prices, particularly crude.

The apex bank had exuded confidence that the pressure from high food prices would moderate in the days to come. However, after a brief period of moderation, food inflation has again started surging and stood at 9.13 per cent for the week ended June 11.

This happens even as manufactured inflation, which has over 65 per cent share in the Wholesale Price Index (WPI) basket, has breached the 7 per cent mark.

"The surge in inflation was initially driven by supply shocks such as a rise in food and fuel prices, which then spread to manufacturing goods as well," Crisil said.

Headline inflation for the whole of 2010-11 averaged 9.6 per cent as compared to a mere 3.8 per cent during the previous fiscal.

Experts have said that with the recent hike in prices of diesel, kerosene and cooking gas, overall inflation is likely to touch double-digit in July.

The study said that growth of private consumption expenditure in nominal terms increased to nearly 17 per cent per year during 2008-09 to 2010-11, as against 14 per cent in the preceding 3 years mainly due to rise in food inflation.

Crisil said the price trends of commodities in the WPI favour the middle and higher income classes, rather than poor and vulnerable Indian households who spend large part of their income on food.

"The middle and high income groups benefit more from falling prices of non-food manufactured items particularly durable goods, as they have higher disposable income to spend on other goods and services, including consumer durables and for savings," Crisil chief economist D K Joshi said.

"The poor, with limited discretionary income to spend on consumer durables, do not benefit much from their lower prices. In contrast, rising prices of food items strain their discretionary spending," he added.

Crisil said that food inflation is likely to remain high in the near future due to structural and supply side issues.

"Higher food prices should be an incentive to enhance production of food items, but this has not happened so far. In addition to price signals, productivity improvement in food/agriculture categories would require better technology and improved investments in irrigation. In the absence of these measures, high food inflation is here to stay," it said.

The study said that inflation in certain food items, especially eggs, meat, fish and milk, has surged to double- digit over the last two years after increasing moderately in the preceding period.

"Rise in prices of these items has a greater impact on consumers, as they are purchased frequently and also account for a large share of a household's daily expenditure. Purchases of manufactured goods, especially durables, are not as frequent. Therefore, a decline in prices of these goods often goes unnoticed," Crisil said.

In 2010-11, prices of 146 out of 676 items in the WPI basket fell.

Of these, 117 items belonged to manufactured categories, including consumer goods as well as intermediate goods used as inputs for production of other goods.

Tata Motors moves Supreme Court on Singur land issue

Tata Motors finally approached the Supreme Court challenging the Calcutta High Court order refusing its plea to restrain West Bengal government from distributing land to farmers in Singur.

The petition was mentioned before a vacation bench comprising justices P Sathasivam and A K Patnaik which posted the matter for hearing tomorrow. The bench accepted the plea of Tata's counsel to file the petition later in the day.

The counsel submitted that the company is seeking a direction for the state government not to create third party interest in the land.

The Calcutta High Court had yesterday refused to pass an interim stay order observing that the Tata Motors Limited petition had no specific statement as to when the process of land distribution would start.

The high court had noted the petitioner had submitted that if the prayer was not allowed and land distributed, the original petition challenging the Singur Land Rehabilitation and Development Act, 2011 would become infructuous.

Tata Motors had moved an ex-parte petition seeking stay on distribution of land expressing apprehension that it would be given back to "unwilling" farmers within a day or two.

Looking for attractive salary: Ready to move to tier II cities

Big news is coming from small towns off late. A variety of businesses ranging from IT, outsourcing, real estate, to retail are trying to expand their business empires to Tier II and Tier III cities in India. There seems to be paradigm shift in the thinking pattern of techies these days that they are seriously considering the small cities as their favorite destination.

The growth of Tier II cities is mainly driven by strong political and social will, abundance of skilled manpower, improving infrastructure, and relatively low living costs etc. It's reported that Bangalore is no more the default location for IT investment or for techies, and the Tier II & III cities are fast becoming the desired location for the IT giants.

According to a recent Income Tax data, the established business centers like Bangalore, Delhi, Mumbai, Hyderabad, Kolkata and Chennai have lost out to smaller cities like Kochi, Kanpur, Chandigarh, Lucknow, Meerut and Patna in net personal I-T (PIT).

While employment opportunities in Tier I cities are declining in a fast rhythm, secondary cities like Surat, Kochi, Ahmedabad, Chandigarh and Mangalore are driving the future growth and an Assocham report reveals that these smaller cities have surpassed the metros in creating white-collar jobs.

IT biggies like Infosys, HCL, Wipro, TCS, Oracle, IBM, and Dell etc have set their eyes on the smaller cities and many have started their operations from these cities.

According to payscale.com, the median salary for desktop support in New Delhi is Rs 228,695 and it doesn't differ much in the smaller cities like Pune Rs 219,000. Titer II cities are reportedly better in annual median salary for all employments as in Pune, it's at Rs 491,398 while in Chennai its Rs 416,903 and in Mumbai Rs 455,364. The average salary of a senior software engineer in Bangalore is Rs 322,047 - Rs 1,025,875 and Rs 295,243 - Rs 836,353 while in Noida, its Rs 318,705 - Rs 825,515 and Pune Rs 329,085 - Rs 888,323.

Another study reveals that Tier II cities are leading in job creation with Bhubaneswar recording 42.2 percent in employment generation followed by Pune with 19.7 percent. Considering the living expenses, the environment, and lifestyle in the leading cities, techies prefer to head to the smaller cities where the minimal low-pay is compensated with the low cost of living. As more IT giants are gunning for the small cities, employment opportunities are sure to hike up; but people hope that these cities would remain intact with their rich greenery, calm environment and simple life.

28 June 2011

Fingers to replace battery as a charging device

Can you ever imagine laptops getting charged by your fingers. A research has discovered a technique that can channelize the energy from fingers tapping on a computer keyboard to recharging the computer itself, as reported by the Gizmag.

Dr. Madhu Bhaskaran and her colleagues from RMIT University in Melbourne for the first time managed to accurately measure the voltage and current generation for nanoscale piezoelectric thin films.

"The power of piezoelectrics could be integrated into the running shoes to charging mobile phones, enable laptops to be powered through typing or even used to convert blood pressure into a power source for pacemakers - essentially creating an everlasting battery," Madhu told Gizmag.

She also added that it was in the 19th century Piezoelectricity was first discovered, but the research on thin films and its power to harness and use the electricity is relatively new. The science of converting pressure into electrical energy, popularly known as, piezoelectric has already proved its diligence in several daily life gizmos - mobile phone is the most common one.

New software boosts computer performance, safety

Researchers have developed a software tool that optimises a computer's functioning without compromising its safety features.

Currently, computer programs are incorporating more and more safety features, but they can also slow the programs down by 1,000 percent or more.

"These safety features or meta-functions can slow a program down so much that software developers will often leave them out entirely," says James Tuck, assistant professor of electrical and computer engineering North Carolina State University, who led the project.

The researchers have developed a tool that takes advantage of multi-core (or multi-processor) computer chips by running the safety features on a separate core in the same chip, according to a North Carolina statement.

Currently chips contain between four and eight cores, allowing the main program to run at close-to-normal operating speed.

"To give you some idea of the problem, we saw the application we were testing being slowed down by approximately 580 percent," Tuck says.

"Utilising our software tool, we were able to incorporate safety meta-functions, while only slowing the program down by approximately 25 percent. That's a huge difference," he added.

This multi-core approach has been tried before, but previous efforts were unwieldy and involved replicating huge chunks of code -- a process that was time-consuming and used a great deal of power.

A lazy workmate can botch-up the teamwork

You have a co worker next to you who just Facebooks or dozes off? Just stay away from such people. They don't only mess up with their career but will also be the reason for your failure at workplace.

Their ignorance and laziness can lead to decrease of morality at the workplace and also effectiveness in the team. The PhD candidate Benjamin Walker from Australian School of Business at the University of South Wales reveals that one lazy person in the team can mess up the whole lot. One proactive and disinterested person in the team can lead to the total failure when it comes to satisfaction and performance.

Walker researched on this by placing 158 graduate students into 33 teams comprising of four to five people. The ability of the groups was measured by task given to the team which required everyone's support.
Showing excessive interest and not being productive shows unenthusiastic attitude of the team which can be portrayed just by a single lazy person in the team.

Exercises like personality comparison group discussions can bring out the weak person who can lead to the mess. Discipline, thriving to achieve the goal and diligence is necessary for the success. So filtration of such people in team is very necessary for achieving the goal.

Tata Motors launches Nano in Nepal at Rs 5 lakh

After foraying into the Sri Lankan market, Tata Motors today said it has officially launched its small car Nano in Nepal at a price tag starting from 7.98 lakh Nepal rupees (about Rs 5.01 lakh).

"We are delighted to introduce the Tata Nano in Nepal. We are confident that with its comfort, performance and manoeuvrability, the Tata Nano is the ideal small car for discerning customers of Nepal and will win their hearts," Tata Motors Head International Business (Passenger Vehicles) Johnny Oommen said in a statement issued here.

The car will be sold in the country through the company's authorised distributor, Sipradi Trading Pvt Ltd, and those authorised by it. The company said that all three variants of the car will be available for booking.

Tata Motors had started sending the Nano to overseas markets from April, with the shipment of 498 units. Besides Nepal, the firm had launched the Nano in Sri Lanka at 9.25 lakh Sri Lankan rupees.

Tata Motors, which has been associated with Nepal for 36 years, is the one of the largest passenger vehicle marketers in the country. The company's portfolio of passenger vehicles in the country comprises the Indica Xeta, Indica V2, Indica Vista, Indigo CS, Manza, Sumo, Grande, Safari and Aria.

Nano, touted as the world's cheapest car, is now produced at Sanand, in Gujarat, for the Indian market after initially being producing at Pantnagar, in Uttarakhand.

In 2009, Tata Motors unveiled the European version of the Nano, Nano Europa, at the 79th Geneva Motor Show.

The company was expected to launch the car in Europe by 2011. The version in Europe is said to have airbags, central locking and would be Euro V emission norms compliant.

IBM tops 2011 India Supercomputers list

Technology giant IBM has ranked numero uno in terms of supercomputers installed in the country, with six such sites, a report by the Indian Institute of Science (IISc) today said.

As per the "India's Top Supercomputers list for 2011", complied and published by Supercomputer Education and Research Centre (SERC) of IISc, IBM topped the list with six high performance computing (HPC) installations across India.

Of the 16 installations featured by SERC, HP was at the second spot with five installations and SGI had two systems.

"At IBM, we deliver powerful and innovative high performance computing solutions to meet our clients' most challenging and complex problems.

These solutions enable businesses and researchers to innovate, achieve breakthrough results and establish a sustainable competitive advantage in a Smarter Planet," IBM India/SA Executive (Deep Computing, Systems and Technology Group) Subram Natarajan said.

IBM's installations include IISc, Bangalore, India Meteorological Department, Delhi and the Indian National Centre for Ocean Information Services (INCOIS), Hyderabad.

SERC has been publishing the list in India since December 2008.

Cheaper loans to be the next major Chinese import into India

After cheap toys, consumer goods and other manufactured products, cheaper loans could be the next major Chinese import into India, and the credit may go to a potential FCCB crisis looming large over Indian corporates.

In the next one and half years, close to 100 Indian companies need to repay an estimated Rs 33,000 crore (over USD 7 billion) of loans they had raised by issuing FCCBs (Foreign Currency Convertible Bonds) and they are scurrying around for cheaper resources to meet these repayment obligations.

The Chinese banks may emerge as the big winners as a host of Indian companies have begun exploring possibility of getting cheaper loans from China to meet their other costlier foreign borrowing obligations and ward off a red mark on their creditworthiness, a senior banker said.

The FCCBs have been a widely preferred loan instrument for Indian companies borrowing money from overseas markets, especially during 2006 and 2008 when the stock markets were on a high and allowed the companies to easily tie-up loans which were low-cost, but had equity as a convertible.

As the name suggests, the lenders can convert these bonds into equity if the debt is not repaid upon maturity, which is generally five years or more.

The companies which issued FCCBs in 2007-2008 include 3i Infotech, Subex, Sterling Biotech, Country Club , JSW Steel , Tata Motors , Rolta, Educomp, Jaiprakash Associates , Tata Steel , Great Offshore, Suzlon, Firstsource, Pidilite, GTL Infra, Bartronics, Kinetic Engineering , Aban Offshore, Moser Baer and Hotel Leelaventure.

However, share prices have fallen sharply since 2008 for many of the companies that had issued FCCBs to raise loans and their stocks are currently trading way below the conversion price fixed at that time.

This has put the borrowers and also the lenders in a spot, as the companies cannot risk defaulting on the FCCB redemption payment and the bondholders would not convert the bonds into shares at a price way above the current levels.

There is another option that allows the companies to reset the conversion price, but this generally leads to a decline in the company's share price as it is seen as an inability on the part of the borrower to meet its payment obligations.

Still, a lot of companies have recently reset their FCCB conversion prices at the cost of their share prices and these include Suzlon, Spicejet and Gitanjali Gems. A vast majority of the companies are, however, looking for other resources to redeem their FCCBs.

With loans having become expensive in India and most of the Western markets already having been tapped, the companies are approaching investment banks to explore the possibility of tying up funds from Chinese banks, another banker said.

Companies from power and other infrastructure related sectors are especially interested in Chinese loans, as they may get concessional rates if they agree to other import-related relationships with China's manufacturing companies.

Indian companies can get very low-cost loans from Chinese banks if they also agree to source other products from that country, banking sources said. However, they declined to name the companies citing client confidentiality clauses.

The Chinese loans are also catching the fancy of those corporates who do not face any FCCB redemption risk, but are looking to retire their existing costlier loans.

Some of the Indian firms having taken cheaper Chinese loans previously include two Anil Ambani group firms, RCOM and Reliance Power, who together tied up about USD 3 billion worth loans from China.

Reliance Power is said to have saved about Rs 6,500 crore in interest costs when it tied up USD 1.1 billion (over Rs 5,000 crore) of Chinese loans, which was used to repay costlier domestic loans.

A host of power companies such as Lanco Infratech , Moser Baer Power and Adani Power have also previously expressed their interest in Chinese loans.

Research firm Crisil recently said that FCCBs worth Rs 22,000-24,000 crore, maturing by March 2013, may not get converted into equity, as the current share prices of issuing companies are significantly below their conversion prices.

Crisil said that refinancing of these FCCBs with fresh debt would increase the interest burden of companies as most of the FCCBs carry very low or zero coupon rate. On the other hand, companies lowering their conversion price could witness a sharp dilution in their equity, which will lead to further decline in their share prices.

Crisil also warned that companies with FCCBs worth Rs 1,500-2,000 crore could find it tough to meet the repayment obligations because of their weak financial profile and low promoter holdings. The central bank RBI also recently warned of an impending FCCB crisis and due to a large-scale FCCB maturity.

"Estimates show that a very large proportion of these FCCBs may not get converted into equity thus requiring their refinancing at the much higher interest rates prevalent today," RBI said.

As per RBI data, FCCBs worth about USD 3.5 billion are maturing in the current fiscal 2011-12, while FCCBs worth about USD 4 billion would mature in 2012-13.

Things could imprive thereafter with FCCB maturing worth about USD 627 million in 2013-14, USD 2.5 billion in 2014-15, USD 467 million in 2015-16 and only USD 25 million in 2016-17.

27 June 2011

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War in the gaming world

It promises to be a fierce battle, with armoured tanks, battleships and fighter jets scrambling across the screen as bombs are exploded and the enemy is mutilated mercilessly - in two rival war video games whose release this year is being highly anticipated.

Gamers across the world are awaiting the release of Battlefield 3 and Modern Warfare 3 by rival franchises around the same time this year.

Battlefield 3, a first-person shooter action video game, is by gaming company giant EA Digital Illusions CE. The game is set to release Oct 25. It is the 11th installment in the Battlefield franchise, and a direct sequel to Battlefield 2, which released in 2005.

Modern Warfare 3, also a first-person shooter video, is part of the Call of Duty series by multi-billion dollar videogame publisher Activision Blizzard. Modern Warfare 3, the latest installment of the blockbuster combat franchise whose previous two releases were the biggest-selling video games of all time, is due to release in November.

Activision's Call of Duty: Modern Warfare 2, released in 2009, earned $400 million in one day. Its successor, Call of Duty: Black Ops, broke the record the following year.

A preview of the Battlefield 3 on the net is fetching huge interest. The scene, based in Iraq, has armoured tanks rattling across the desert sand, broken by shrubbery, leaving long trails and billowing dust. The sky, the clouds and the bright sun look real as the player views them through the glass visor of his tank, with the sun leaving tints on the glass.

While the Battlefield series multiplayer -- with many people playing across the net -- has always been good, it has failed to notch success in its single player missions.

Gamers are hoping that Battlefield 3 single player won't just be about realistic war scenery but have good gameplay as well, something that its earlier series lacked. Call of Duty, which has a shooter game every year, has been keeping its fans hooked to the games with a well-evolved story line and good gameplay.

"The visuals are generally great in the Battlefield series, but there is not much game-play in the single player. As a shooter game it lacks excitement," gaming enthusiast Anand V. told IANS.

Showing the intricate graphics of Battlefield Bad Company 2, a previous game, in which the protagonist and his aides are running through a jungle, Anand says, "Just see how life-like the setting is."

"The EA people (the makers of Battlefield) use dynamic lighting (kind of simulated lighting), and a lot of physics in the shooting. When a player is shooting at a building, the building walls develop holes with each shot, like it would in real life, and with persistent shooting, the wall would even crumble. For Battlefield 3, they have revamped their graphics vastly to make it even more realistic," he said.

However, the graphics in the more successful Call of Duty (COD) series are believed to be "pre-rendered". Explaining, Anand says, "if you notice carefully, the shadows are static in the COD series. But this has its advantages, as your computer graphics card can take the load, but for Battlefield 3 there are chances the graphics card will not be able to run the game smoothly."

In a review of what the two games would be like, gaming review site gamespot.com says Battlefield 3 is "more scripted in order to compete for the attention of people, compared to previous versions".

EA is matching the moves of the hugely successful Activision to churn out a surefire "heavy hitter" game this time.

At the E3 (Electronic Entertainment Expo) meet held in Los Angeles earlier this month, John Riccietiello, chief executive of gaming company EA, declared that Battlefield 3 is "the beginning of the war".

Using a Frostbite 2.0 engine to deliver more firepower to the game, EA is hoping to leave no stone unturned to ensure its Battlefield 3 is a sureshot winner.

Apple iPhone 3GS available at Rs 19,990 in India

Apple is launching its iPhone 3GS in India at 19,990. The device is a two years old as it was launched in 2009.

iPhone 3GS runs on iOS 4.3 and the product will come with 8 GB internal memory without an expandable memory card slot. The phone has a 3.5 capacitive display with 320x480 pixels. It comes with 600 MHz processor and a 3.15 MP camera with autofocus . It supports 3G,Bluetooth 2.1 with A2DP, Wi-Fi, GPS connectivity.

According to Apple, iOS 5 will also work on iPhone 3GS. It has a3.5 mm audio jack and 256 MB RAM. The product will be available in selected sources in India.

The product may compete with Samsung Nexus S Android Gingerbread phone.

Top 5 psychological problems affecting techies

Today competition has taken a tremendous leap in every field, and the most significant among them is the IT sector. The advent of globalization and MNC's flooding into the nation; the struggle to remain at the top is at its peak. Everyone wants to retain the top position, deliver their best and get appreciation from their boss and in that race the techies tend to get to far and too ambitious by getting overly engrossed in the mechanical world. This ultimately affects the psyche of the techies and they become the victim of various psychological disorders. These disorders seen to be very common yet they are very serious one if not detected and council at the correct time. At least one in every fifteen persons approaching a doctor for psychiatric counseling in the city is either a software professional or working in call centers. The number of young techies who approach them for counseling has increased rapidly in the past one year. Here are the top psychological disorders of techies for our readers.



Dr. Sulatha Shenoy, a well known Psychologist listed out the top five disorders that are commonly found present among the techies.

1. Depression
Depression is one of the major psychological disorders that are highly prevalent among the techies. It is a feeling that may be described as feeling sad, blue, unhappy, miserable, or down in the dumps. Most of us feel this way at one time or another for short periods; however the symptoms of depression seem to be for long hours and very common among the techies.Struggles, setbacks, and disappointments are various causes of severe depression. It is different from normal sadness in that it engulfs your day-to-day life, interfering with your ability to work, study, eat, sleep, and have fun. Depression is most likely to occur in a typical office situation where there is a lot of work pressure on employees and one needs to go for proper counseling before it takes a severe form.

2. Stress, anxiety and Repetitive stress injuries
Stress and anxiety comes from sheer frustratration, anger, or anxiousness and the techies are the most subjected ones to these attributes. Anxiety is a feeling of apprehension or fear. Post-traumatic stress disorder is characterized by intrusive thoughts, sleep loss and hyper-alertness following a horrifying experience. Antanxiety medications, talk therapy and other conventional treatments are some of the help that is available for dealing with such disorder.

Repetitive stress injuries

Repetitive stress injuries are something which is highly prevalent among the techies. The techies develop backache and anatomical discomforts and incase of techies it is related to hand and figure numbness, eye dryness which is outcome of being constantly in keyboard and mouse. It is a potentially debilitating condition resulting from overusing the hands to perform a repetitive task. Anyone who uses a computer regularly is at risk and should know about RSI. Unfortunately, most people are uninformed and do not understand what RSI is or how serious it can be. The three primary risk factors are poor posture, poor technique, and overuse. If you develop RSI, and do not take steps to correct the problem, there may be serious repercussions. In addition to limiting your day-to-day functionality, this decreased independence can cause a significant emotional burden.
3. Sleep disorders

Their demanding profession contributes highly in giving birth to sleeping disorders. The contributory factors towards this is long hours of work, deadlines to meet, night shift. Have trouble falling asleep, to lie awake in the middle of the night, or feel sleepy and fatigued during the day are some of the symptoms that may lead one to spleeping disorder and when these However, problems are a regular occurrence and when they get in the way of your daily routine and hamper the ability to function then you may be suffering from a sleep disorder.

4. Eating disorder
Negative influences within the organization play a major role in triggering and perpetuating eating disorders. The huge pressure to meet deadlines and the less amount of time to finish a particular work contribute hugely in creating eating disorders among the techies. They either snack on junked food which does not seem sufficient for them or they tend to skip meals. This ultimately affects their appetites which tend to become accustomed with the new behavior. Anorexia, is the distorted body image (body dysmorphia). It is one form of eating disorder that are prevalent among the techies and few adult treatment options exist hence we would recommend you to overcome the pressure of your organization and follow period routine of your food habits. Anorexia nervosa is a very serious illness that has a wide range of effects on the body and mind. It is also associated with other problems ranging from frequent flu?s and general poor health to life-threatening conditions. Some experts believe that it should be not be approach as a simple eating disorder but as a serious condition requiring staging according to severity. A website called About.com revealed that study on eating disorders showed that recovery rates vary between 23 percent and 50 percent, and relapses range from 4 percent to 27 percent. Even for those who recover, one study indicated that recovery took between four and nearly seven years. Depending on the duration of the study, anorexic patients have reported death rates ranging from 4 percent to 25 percent.

5. Lifestyle disorders and relationship disturbances
Given the nature of the work the techies develops lifestyle disorders. They have problems in socializing and create complexities in relationships. The hectic lifestyles prohibit them from any physical contact with people. Apart from virtual friends and socializing in computers they tend to keep themselves aloof from the world. Gynecology experts said at the All India Institute of Medical Sciences (AIIMS) that changing lifestyle, smoking, erratic work routines and other lifestyle-related disorders are cause special harm to women as it affects infertility among women.

According to Dr. Shenoy there is no periodic physical exercise, water consumption, walking and very few follow these instructions to keep up with the pace of the daily life and this is highly detrimental to their health keeping their tight schedules in mind.



1 lakh MW capacity addition needed in 12th Plan for 9 percent growth

One lakh megawatt power capacity addition in the 12th Five-Year Plan is a must for the country to sustain 9 percent GDP growth, said economist and Prime Minister''s Economic Advisory Council Chairman C Rangarajan .

He said there has to be a coordinated plan between the power and coal sectors and issues like environment need to be considered to achieve the target.

"If we have to sustain the rate of growth at 9 per cent over a five-year period, we must ensure that additional capacity to the extent of one lakh megawatts is available or established in the 12th Plan period," Rangarajan told PTI.

The government has set a target for one lakh megawatt power capacity addition in the 12th Plan, which will begin from April, 2012, while reducing the 11th Plan target to 62,347 MW from over 78,000 MW.
The Power Ministry expects capacity addition in the current Five-Year Plan, ending March 31, 2012, to be around 51,000 MW, much less than the revised target.

Prevailing conditions like tighter norms for coal extraction may be a dampener for achieving the target for the next Five-Year Plan, according to industry.

The Indian Electrical & Electronics Manufacturers'' Association (IEEMA), a trade body representing the electrical and industrial electronics industry, anticipates that the government will significantly revise downward the power generation targets for the 12th Five-Year Plan.

"The delayed progress may force the government to revise downward the target for the 2011-12 and may also impact the 12th Five-Year Plan period starting April, 2012. The government had reduced the 11th Plan target to 62,347 MW from over 78,000 MW," the trade body said in a statement recently.

According to Fitch Ratings, coal supply issues are likely to hit the power sector and may not encourage investors to the sector.

Rangarajan said without a coordinated plan between the power sector and coal sector, the rate of growth at 9 per cent may not be sustainable.

"I think we need to tackle all these issues like environment and ensure that there is improvement in the use of power, there is improvement of coal efficiency and also greater availability of coal... All these are taken into account (to achieve the target)," the economic advisor said.
Replying to a question on the recent hike in diesel prices, he said there could be a medium-term effect on inflation that may ease out after some time.

Fake resumes; Hyderabad leads

Every day the Indian IT industry wakes up with new challenges which could be from hiring skilled professionals to cost cutting during recession. Fake resumes are one of them. Since this is the first step in hiring, it makes it all the more difficult for companies to pick the right candidate. Despite having large HR departments, many IT companies have failed in identifying fake resumes. According to Employee verifications firms, recruitment companies and HR heads in the IT sector feel the number of fake resumes floating around have increased fourfold since 2007. Fake resumes have transformed and turned out to be a fine art nowadays. Most IT companies revealed that professionals from Hyderabad faked the most in their resumes.

MindTree terminated 80 employees out of 1000 recruited after it found they had filed false information, according to Subroto Bagchi, Chief Operating Officer, "MindTree is closely monitoring the resumes coming especially from Andhra Pradesh aspirants who provide false information to get a job owing to social pressures," he added.

The fakery included falsification of resumes, Most of them provided false employment information, incorrect tenure, gave away fake designations and some had also had negative supervisor or HR feedback. Manipulated educational information which had degrees from either unrecognized institutes or fake institutes and some had not completed the courses that they had claimed to have done.

Not only the IT sectors the, banking and financial services industry (BFSI) has also received the fake resume menace with major chunk coming from Hyderabad. Ashish Dehade, Managing director (West Asia) of First Advantage, told Financial Chronicle that Hyderabad emerged as one of the top cities with highest number of suspect companies that issued fake resumes.

Noby Nazareth, head of employee verification firm, Evaluationz, said that 25 percent of the resumes that reach him are found to be false or fabricated or exaggerated. This is largely because some candidates have become much "smarter" in faking it and there are some recruitment agencies are even helping them do it. According to Nazareth, a lot of fake resumes involve candidates from Hyderabad.

"Most of these companies who provide fake experience certificates, salary slips and even fake educational certificates are located in Hyderabad, while there are quite a few of them in Bangalore and many other cities as well," said Deepankar Sanwalkar who heads the Forensic Dept of KPMG.

Considering the above facts if we analyze why Hyderabad is leading in fake resumes, we have their state government recently admitting that not more than 10 percent of their engineering graduates are actually employable. Only 12 percent engineering students from Andhra Pradesh were selected in campus recruitment in the previous academic year and the figure declined further in the current year, a recent study by National Association of Software and Services Companies (Nasscom) has shown.

Small or big, all IT companies have faced and continue to face the scourge. Wipro, Infosys, TCS and Cognizant and others say they have taken corrective measures to stop the fakes from getting hired.

It is not only the fake resumes which has brought Hyderabad into the spotlight, during the Tri-valley university, the city drew a lot of attention as the scam claimed that as many as 1,555 students, mostly from Andhra Pradesh enrolled at the Pleasanton School were using fake visas. In a complaint filed Jan 19 in U.S. District Court in San Francisco, the U.S. Attorney's Office alleges that the owner of Tri Valley University used the school to help foreigners illegally obtain student visas that allow them to stay in the U.S.

Mobile handset mkt grows by 15percent to 33,171 Crore in FY11

The Indian mobile handset market grew by 15 percent to a whopping 33,171 crore in 2010-11, with Nokia and Samsung emerging as top revenue earners, says a report.

According to an annual study by telecom industry journal Voice&Data, revenues of the Indian mobile handset market increased to Rs 33,171 crore in 2010-11 from Rs 28,897 crore an year ago.



Nokia retained the numero uno position in handset business with revenue of Rs 12,929 crore showing a growth of 0.2 per cent over Rs 12,900 crore it registered in FY 2009-10.

The Finnish firm has registered a flat growth as it lost market share in low-end segments to home grown handset makers such as Micromax, Karbonn and Spice whereas it's high-end phones faced a tough competition from brands like Samsung, BlackBerry and HTC.

"Nokia's loss market share due to lack of dual-SIM phones in its portfolio. Dual-SIM phones have become an increasing phenomenon among value conscious Indian consumers. For FY2010-11, Nokia enjoys a market share of 39 per cent," an analyst at Voice&Data said.

Nokia was followed by Samsung with an impressive 22 per cent rise in revenue to 5,720 crore. It has registered a market share of 17.2 per cent.

Samsung's success can be attributed to its rich product portfolio on various popular operating systems like Windows, Android and Bada. The company's entry level smartphone 'Wave' and 'Galaxy S' have been hugely successful during the period.

Micromax captured third slot with a revenue of Rs 2,289 crore in 2010-11, a 43 per cent jump from year-earlier. It has grabbed a market share of 6.9 per cent.

Canadian firm Research in Motion's brand BlackBerry and LG scored the fourth and fifth position with revenue of Rs 1,950 crore and Rs 1,210 crore, respectively.

In terms of market share, BlackBerry has 5.9 per cent shares, while LG, has a market share of 5.5 per cent.

Interestingly, G' Five, which has market shares of four per cent, witnessed highest growth of 75.6 per cent in revenue. While, Spice has seen a 11.5 per cent decline in revenue.

Other top 10 handset players include G'Five with a revenue of (Rs 1,326 crore) Karbonn ( Rs 1,004 crore), Spice (Rs 920 crore), Maxx (Rs 745 crore) and Sony Ericsson (Rs 690 crore).

Most other Indian brands including Lava, Intex and Zen have shown almost a flat growth.

The price conscious Indian consumers could benefit in the current fiscal as domestic handset players like Maxx, Karbonn and Micromax roll out made in India handsets from their own manufacturing plants.

The 'Voice&Data 100' covered all the mobile handset companies doing business in India across categories like feature phones, multimedia phones, enterprise phones and smartphones.

Furious Ramdev hits out, talks of murder and rape

Three weeks after he was ousted amid bedlam, yoga guru Baba Ramdev returned to the capital and accused police of having tried to kill him and rape women when they broke up a protest by him and thousands against corruption earlier this month.



Vocally and visibly aggressive, Ramdev denied accusations that he had illegally organised a massive protest at the Ramlila ground here and also challenged the government to unearth black money if he had any.

The government, the saffron-robbed man said, was not keen to wage a war on corruption or bring back black money stashed abroad by Indians.

'At Ramlila Maidan, the police did not come to arrest me, they wanted to kill me,' Ramdev told a news conference here, detailing events that shook the city after the midnight of June 4.

He added that police attacked his supporters when they tried to extinguish the fires that erupted on the stage after tear gas had been fired at the gathering.

'The attempt to set the stage on fire was again an attempt to kill me. They attacked my supporters trying to extinguish the fire.'

And in new allegations sure to spark outrage, Ramdev said security personnel who cracked down on him tried to rape and molest women. He vowed to come out with proof and details later.

There was no immediate reaction to Ramdev's allegation from the government or Delhi Police.

This was the first visit by Ramdev, who heads the Haridwar-based Pantanjali Yog Peeth, to Delhi after June 5 when police ordered him out of the city and told him not to return for two weeks.

Ramdev lashed out at the government's fury over his protest. He argued that if he had done a wrong, then why did four ministers go to the airport to meet him when he arrived in Delhi and why did Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee write to him.

The yoga guru denied he was in possession of illegal wealth. 'If the government finds any black money with me, they can declare it as national property,' he said.

At the same time, he dared the government to come clean on black money.

'If its not their money, then I ask, why are they afraid of declaring it as national property? I have uploaded all the details of our accounts on the website. The government should do the same.'

Ramdev's visit came amid a standoff between the government and civil society over a Lokpal bill that seeks to battle corruption in high places.

He said he was in Delhi on 36th anniversary of the imposition of Emergency rule that saw the government suspend democratic rights. The situation now, he said, 'was very much similar to the Emergency'.

Earlier Saturday, Ramdev visited 51-yar-old Rajbala, a woman who has been hospital since June 5 after suffering serious spinal injuries in the police operation against the yoga guru.

'Rajbala is in very critical condition. Only a miracle can save her if the ventilator is removed,' he said. 'If she lives, she won't be able to walk again.'

He said if he had not urged his supporters to stay calm when police broke up his fast, there would have been bloodshed.

He insisted that he was not communal and he was not aligned to the Rashtriya Swayamsewak Sangh (RSS).

'I am not the face of any party or organisation. I am not communal. I am only the face of billions of Indians.'

After being asked to leave Delhi, Ramdev continued his fast in Haridwar and Dehradun till June 12.

25 June 2011

Smoking moms' kids more vulnerable to heart disease

There is a simple way to stay slim. Eat quality food instead of worrying about the amount of food you eat, say experts. Consuming bigger amounts of healthier food rather than smaller amounts of poor quality produce is the key; the express.co.uk reported quoting experts Thursday.

Experts at the Harvard School of Public Health in America revealed that small lifestyle changes can make all the difference to staying in shape. They said focusing on calories alone would not keep you slim. Instead, the best way to stay at a healthy weight is to eat nutritious and filling foods of good quality.

They recommend that people watching their weight need to cut out fizzy, sugar-sweetened drinks, potatoes and refined grain foods like white rice and low-fibre breakfast cereals. And they should eat a lot more "natural" foods, like fruit and vegetables, whole grains, nuts and yoghurt, while avoiding anything processed.

"Small dietary and other lifestyle changes can together make a big difference - for bad or good. This makes it easy to gain weight unintentionally, but also demonstrates the tremendous opportunity for prevention," the report quoted Dariush Mozaffaria, study co-author as saying.

Nutritionist Angela Dowden said: "This research singles out once again the benefits of minimally processed foods like fruits, vegetables, whole grains, nuts and yoghurt.

"As well as being nutrient-dense they are satiating and their fibrous nature also requires slightly more energy to digest. "It is not so much that calories don't count - they definitely do - it's more that a healthy pattern of eating makes it easier for you to feel full on fewer of them."

The findings, published Wednesday in the New England Journal of Medicine, also showed the right amount of sleep helped people maintain a healthy weight.

Marriage at stake for Indian men

Our society is evil minded, orthodox and still backward. Despite the modern thoughts of equality of men and women has come in, the sex distinction and discrimination is alarming high in India. The blind preference for the boy child has created a situation where the country's sex ratio has dropped down to 914 females against 1,000 males - the lowest since independence.

As quoted in the Hindu, Sushma Swaraj had earlier warned the Indian men by saying "Kuware reh jaoge (you will remain unmarried)" if girl-foetuses are continued to be destroyed in the womb.

Therefore, a number of startling questions arise if the society still blindly hates the girl child, the most frightening of all - What will happen to the generation next? Selective abortion has resulted the a grave situation of around 35-40 million girls missing from the Indian population. Therefore, the drop in the female sex ratio will increase the demand of brides which will result the introduction of bride price in the Indian society. As many of us know that every business transaction has financial terms and conditions, therefore marriage is no exception.

Bride price means the cost or the amount that is paid in terms of money, property or any medium of exchange by the grooms parents or the groom to the brides parents upon the marriage of their daughter to the groom is known as brides price. This system will gear up in a reverse manner to the prevailing dowery system and might lead to a situation where the grooms parents will have to pay a price or amount for the bride to get their son married. This kind of scenario is very likely to take place in Indian society.

The custom of bride price is already there in the Asian countries such as Thailand, China, and Kazakh etc. It's also prevalent in many regions of Africa and among the native Amazonian people such as the Urarina of Peru.

Our gen-next boys may have to face the the situation of bride price regarding matrimonial alliance. There will be an increase in demand of women in the society. So one should be aware of the fact that destroying female fetuses our next male generation may have to pay the harsh price or may have to remain bachelor till death. There can also be a scenario when one woman will be married by two men.

Indian-American chef wins top prize of $100,000

Indian-American chef Floyd Cardoz, the man behind New York's now-closed Danny Meyer Indian restaurant Tabla, has taken home the $100,000 top prize in the third season of Top Chef Masters with a simple upma dish.

Mumbai-born Cardoz, who beat out California luminaries Traci Des Jardins and Mary Sue Milliken for first place, is donating his winnings to the Young Scientists Cancer Research Fund at New York's Mount Sinai School of Medicine, in memory of his father, who died of cancer.

Cardoz divided the judges with his inclusion of the popular Indian breakfast dish Upma in his meal, but "in the end, (he) impressed because of the spice and passion that infused his final meal of the season," said The Wall Street Journal.

"The three-course feast also featured a rice-crusted snapper in a fennel-laced broth and a reinterpreted version of a Malaysian beef stew. Our guess is that Cardoz won by doing exactly what he does at Tabla-that is, honouring his Indian gastronomic roots and finding a way to reinvent his native cuisine at the same time," it said.

By winning, Cardoz joins the ranks of better-known chefs Rick Bayless, of Frontera Grill in Chicago, and Marcus Samuelsson, of Red Rooster and formerly Aquavit, both in New York, who won second and third season respectively, the Huffington Post reported

Next, Cardoz will head another Danny Meyer production, North End American Grill in Battery Park City, New York, it said.

The restaurant, which is calling its cuisine "roof-to-table," marks a departure for the chef, who focused on high-end Indian cuisine throughout his tenure at Tabla, the Post said

Sai Baba's personal chamber: India's Swiss Bank?

The Sathya Sai Trust, which manages the multi-crore empire of late godman Sathya Sai Baba has been under severe scrutiny and criticism both from the authorizes and the public after Sai Baba's abode was opened which revealed a treasure trove of 98 kg of gold, 307 kg of silver and Rs 11.56 crore cash. While the gold was valued at Rs 20 crore, silver stocks totaled Rs 1.6 crore apart from the heap of cash in crores.

The opening of Yajur Mandir broke a long established lie that the Trust accepted donations only through cheques. As the Deccan Chronicle reporter noted, the Yajur Mandir appeared to be a mini-Swiss bank for top political leaders, celebrities and industrialists to deposit their black money as the government had exempted the trust from reporting its income and expenditure details. The article quoted an employee in Prashanti Nilayam as saying that a kilometer-long road connecting Yajur Mandir to the Hill View Stadium was the channel for depositing the stash.

It is reported that heaps of jewelry and precious diamonds were not counted when the treasure trove of Yajur Mandir was opened allegedly shifting them to a safe destination. In different incidents, around 5.35 crores worth cash has been seized from vehicles going out of ashram so far after the godman's death. Speculations are high that large amount of gold and money have were transported out of ashram before officials opened Baba's personal chamber.

However, it's reported that the AP government is contemplating over the possibilities of taking over the controversial Sathya Sai Central Trust following the seizure of a huge amount of cash from some people close to the trust members.

It's also learned that the officials are waiting for someone to file public interest litigation (PIL) in the Andhra Pradesh High Court to investigate into the developments in the late Sathya Sai Baba's ashram. In addition AP Chief Minister Kiran Kumar Reddy has directed the Vigilance & Enforcement (V&E) department to look into the matter.

The multi-billion dollar question is why Baba, who so disdains money and property, kept huge amount of wealth in his private abode of which the Trust can neither claim accountability nor transparency.

24 June 2011

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A tap of finger to charge your iPad

Thanks to a new discovery, a simple tap from your finger may be enough to charge portable devices like mobile phones and iPads.

Simon Ruffell from the Australian National University and Madhu Bhaskaran and Sharath Sriram from Royal Melbourne Institute of Technology University have used nanotechnology to convert mechanical pressure into electricity.

The breakthrough was made by combining piezoelectrics, materials capable of turning pressure into electricity, with thin film technology -- the basis of microchip manufacturing, according to a Melbourne Institute statement.

The use of piezoelectrics means that portable devices with touch screens like iPads and iPhones could be recharged through everyday activities like typing.

It also means that in future pacemakers could be powered by an individual wearer's blood pressure.

Winklevoss twins give up Facebook claim

Facebook founder Mark Zuckerberg's former Harvard classmates Cameron and Tyler Winklevoss have decided not to pursue their legal battle against the billionaire CEO over a dispute related to the idea of developing the popular social-networking site.

In a San Francisco federal court filing, the Winklevoss twins said they have decided not to seek a review of the ruling by the 9th Circuit Court of Appeals that had upheld the USD 65 million cash-and-stock settlement reached with Zuckerberg in 2008.

A fight that inspired a Oscar-winning movie 'The Social Network' seen its finale when in the one-paragraph court filing, Cameron and Tyler said they would accept the USD 65 million settlement and "careful consideration" they would not file a petition to take their battle to the Supreme Court.

The Winklevosses had been trying to undo the settlement, saying that Facebook had held back information about the real value of its shares when the settlement was reached.

Facebook spokesman Andrew Noyes said in a statement: "We have considered this case closed for a long time, and we are pleased to see the other party now agrees."

The Court of Appeals had in May rejected a bid by the twins to have a panel of 11 judges to review a ruling made earlier by a three-justice panel.

The three-judge panel had said that the litigation in the case "must come to an end" and threw out the bid by the Winkevosses to review the USD 65 million settlement.

Nokia N9 challenges iPhone



The launch of Nokia's latest innovation N9 has been sending thunder waves among its primary competitors 'Apple' and 'Google's Android.' It is all set to capture its lost throne of being the largest handset maker which currently is dominated by Apple, but introduction of this meego based button-less touch screen smartphone can very well do that. Nokia N9 is claimed to give iPhone a run for their money as far its features are concerned.

The history of Nokia sales has been very interesting. There was a point when Nokia accounted for at least 8 out of every 10 phones sold in Asia. This year Apple surpassed Nokia as the world's largest phone vendor by revenue. This milestone was achieved by Apple by its incredible revenue of $11.9 billion in the last quarter from iPhones. While Nokia's revenue slipped down to $9.4 billion.

Faced with stiff competition and falling smart phone market share, Nokia hoped to revive its fortunes with Microsoft partnership. The Finnish entity would be using Microsoft's Windows Phone 7 as the main software for its smart phones. The initiation of Nokia N9 ahead of a Windows Phone came as a surprise to everyone. However the features of this new introduction will pose some serious concern for the rising sales of Apple iPhone.
Let us first go through their specific and unique features of both the smartphones and then go through a comparison to find out the best in them.

Nokia N9

Nokia N9 displays AMOLED capacitive touchscreen, 16M colors with a resolution of 480x854 pixels and measures 116.5x61.212.1mm, weighs 135g. Moreover the screen is scratch resistant and employs Gorilla Glass technology. It has multi touch input method, accelerometer, and proximity sensor for auto on/off and is anti glare to be easily used in broad daylight. It is powered by Meego OS v1.2 Harmattan, has 1 GHz Cortex A8 processor, and packs a solid 1 GB of RAM.

It is available with 16/64 GB of internal storage. The smartphone is Wi-Fi802.11b/g/n, GPS with A-GPS, EDGE, GPRS, and Bluetooth v2.1 with A2DP and EDR. The phone has a full HTML and WAP 2.0/xHTML browser that provides seamless browsing. N9 has games preloaded with Angry Birds, Galaxy on Fire and Rea, Golf.

The camera of this devise gives promising pictures due to its dual camera which comes with a rear 8 MP camera that is auto focus and has LED flash and geo tagging. It can capture HD videos in 720p. It also has a secondary camera to make video calls. N9 is packed with standard Li-ion battery (1450mAh) that provides a talk time of up to 7 hours in 3G.

The two new things that one can find in Nokia N9 is that users can switch between applications with a thumb avoiding any need to return to the main menu or press button. And secondly it has incorporated a sculptured 4 inch glass screen and a polycarbonate plastic body.

iPhone4

iPhone4 on the other hand has capacitive touchscreen and a resolutions of 640x960 pixels and measures 115.2x58.6x9.3mm, weighs just 137g which making it one of the slimmest and lightest smartphones in the market. It is remarkably scratch resistant with an oleo phobic surface and has features like accelerometer, gyro sensor, multi touch input method and a proximity sensor. It has the ubiquitous 3.5 mm audio jack at the top.

It comes with a rear 5 Mp camera that shoots pictures in 2592x1944 pixels, is auto focus with LED flash, is capable of geo tagging and can record HD videos in 720p and also has a secondary camera to make video calls.

iPhone 4 is powered by iOS 4.3, has a powerful Cortex A9 1 GHz processor, 512 MB RAM and is available in two models with 16 GB and 32 GB internal storage as it does not support micro SD cards.

The phone has connectivity like Wi-Fi802.11b/g/n, Wi-Fi hotspot, Bluetoothv2.1 with A2DP, EDGE and GPRS (class 10), and GPS with A-GPS and comes with HTML (Safari) browser that provides seamless browsing. It provides a long talk time of up to 7 hours in 3G as it is packed with standard Li-ion battery (1420mAh).

On comparison, both the devices look stunning as far as the features are concerned. However, there are certain key differences between them which is going to decide their sales in the market. The present trend is to flaunt a bigger display and in this area Nokia steals the show with its display of 3.9 inch than iPhone 4 which has a 3.5 inch. But if you are looking for better resolution than iPhone will be your ideal choice as it has a resolution of 640x960 pixels than N9 480x854 pixels. Moreover iPhone 4 is thinner (9.3mm) than N9 (12.1mm).

Nokia N9 runs Meego which do not seem too applauding for the consumers, compared to iPhone 4 which runs on iOS. It would have been more triggering if N9 would have been powered by Windows.

But N9 has a striking feature that the RAM which is of 1 GB but iPhone4 comes with a RAM of 512 MB. And when it comes to camera N9 has a better camera with 8 MP than iPhone4 5 MP. The camera of N9 shoots with higher resolution (3264X2448 pixels) than iPhone 4 (2592X1944 pixels).

The most unique feature of all is that N9 has a UI that provides 3 home screens that are lacking in iPhone 4.

Hence now it up to the consumers which one to opt for. The choice is yours so get the best out of your investment.

Top 10 global acquisitions by Indian companies



Indian business has evolved over the years which have instigated them to go on quest for foreign firms. Until a couple of years back, the news of Indian companies acquiring American-European entities was very rare. However, this scenario has taken a U turn. Nowadays, news of Indian companies acquiring foreign businesses is more common than the other way round. Now India stands as one of the global players.

The new acquisition trend is supported by the buoyant Indian economy, favorable government polices and the extra cash that our Indian corporate are banking on. From Azerbaijan to Australia and U.S. to UAE, India has witnessed a spurt in the mergers and acquisition activity expanding the footprint of Indian companies on the global orbit.

"Indian companies have realized the competitive advantage of having large operations. That's why many companies are acquiring outside India and transmit service piece of the business here," says Rajiv Memani, director Ernst & Young who has helped several Indian acquisitions this year.

What's propelling the foreign flow? "Indian companies have come out of the pain, focusing on productivity and profitability. Top-line companies are cash-rich. The big boost has come with financial reforms and a strong rupee," says Ajay Khanna, CEO, Indian Brand Equity Fund.

The quest began when Tata Tea took over a company twice its own size, Tetley Tea in 2000. From 2003 onwards, the trend of taking over other companies by Indian companies gained substantial pace. Let us now check out some valuable global acquisitions done by Indian companies.

The biggest and the one which is called the father of all acquisitions in India, is Tata Steel acquiring Anglo-Dutch firm Corus Group in 2006 to create the fifth largest steel company of the world. The deal was worth $7.6 billion ( 36,650 crore).

Aditya Birla Group's Hindalco Industries, India's largest non-ferrous metals company, acquired the Canada based firm Novalis in an all-cash transaction for $6 billion.

In 2008, there was a huge earth quake in the automobile market when Tata acquired Britain's most famous automobile manufacturers Jaguar and Land Rover, in a $2.3 billion deal with Ford, their American owners.

Subhash Chandra's Essel Packaging (EPL) acquired the Swiss tube packaging major Propack, and joined hands to become the world's largest in laminated tubes.

In 2006, Ranbaxy Laboratories(RLL) created quite a stir when it announced the acquisition of 3 drug-makers in Europe, all within a week's time. Allen S.p.A, a division of GlaxoSmithKline (GSK) in Italy, Romania's largest independent generic drug producer Terapia and drug maker Ethimed NV in Belgium.

In 2007, Pharmaceutical and biotechnology major Wockhardt bought the fourth largest independent, integrated pharmaceutical group in France, Negma Laboratories. At a deal of $265 million, Wockhardt became the largest Indian pharmaceutical company in Europe with more than 1500 employees based in the continent.

Bennett Coleman & Co, India's largest media group and the holding company of the Times of India group, bought Virgin Radio in the UK in a $53.2 million (Rs 445cr approx) deal with SMG Plc. in 2008.

Mahindra & Mahindra acquired 90 percent stakes of Schoneweiss, a leading company in the forging sector in Germany. The deal took place in 2007, and consolidated Mahindra's position in the global market.

Sterlite Industries, a part of the Vedanta Group signed an agreement regarding the acquisition of copper mining company Asarco for $ 2.6 billion in 2008. The deal surpassed Tata's $2.3 billion deal of acquiring Land Rover and Jaguar. After the finalization of the deal Sterlite would become third largest copper mining company in the world.

A robust economy fueling the demand for natural resources, increasing domestic competitive pressures, and changing economic realities are encouraging Indian companies to seek acquisitions.Developed economies like the U.S. are attractive for Indian companies because of their natural resources, large consumer markets, transparent business processes, robust legal environment, advanced technologies, skills, and knowledge capital. Moreover, as the markets in these economies tend to be mature and saturated, it often proves difficult for Indian companies to gain market share without acquisitions.

Indian IT industry in talks with U.S. on visas

The Indian IT industry is in dialogue with the US on the use of visas by companies providing software services to American and global enterprises, a top industry official said Thursday.

"We are in dialogue with the US embassy in New Delhi to sort out problems arising out of interpreting the visas used by our IT firms providing globalised services in North America and Europe," industry body Nasscom president Som Mittal told reporters here.

With the US consulates and immigration officials at the port of entry (in the US) interpreting differently visas issued under various categories (B1, L1, H1 & H4), Nasscom has given certain guidelines to the US embassy that can be used as filters for processing visa applications of Indian IT firms.

"They (US embassy) have accepted that the (IT) business is complex and to identify what category of visas are going to be used for which area needs to be clarified. We find the interpretation of the same visa category in the US consulate is very different from the port of entry. What was acceptable yesterday and day before or last year is being questioned now," Mittal said on the margins of an IT event here.

Referring to the concerns over loss of jobs when unemployment continued to be high in some countries like the US, Mittal said there were misplaced myths about the fact that peoples movement in globalised services create unemployment, which is actually happening in construction, retail, manufacturing and areas other than services.

"In globalised services, people didn't know that the rules and guidelines created by some countries are old and subject to multiple interpretations. So, in the case of the US, there are myriad of visas which kept coming in as the needs were and increase as they go along," Mittal noted.

Asserting that in globalised services, movement of people was as essential as in the case of goods, the former HP India executive said the US government was aware that if the movement of highly skilled people stopped, its economy would have a negative impact.

"The US government had modified visa rules to allow intra-company transfers of the highly skilled like Britain, which has very progressive visa policy as such transfers are extremely important to protect the economy and businesses. If there is one visa category where there is no cap, it is the intra-transfers," Mittal pointed out.

The US embassy has formed a council, which also has members of the industry body (Nasscom) to address the visa issues in light of charges that some Indian IT firms, including the global software major Infosys Ltd, have violated the visa rules.

"I think we are overplaying this whole visa issue. Visas are important for people to travel. It is as important for Americans and other citizens of those countries who come to India. If there are myriad of visa categories, then they are subject to multiple interpretations. How can there be a misuse when H1 visas are freely available now," Mittal said.

Noting that visas were only one aspect of the IT business model, Mittal said there were hundreds of other areas where compliance was needed.

"I don't think our industry and companies are going to risk by non-compliance of any country rules. This part should be clearly understood by everyone," Mittal added.

The Nasscom president, however, declined to comment on the US probe into the reported misuse of H1 visas by Indian IT bellwether Infosys Ltd as the case was sub-judice.

"It (the Infosys case) is in the court. We have neither all the documents nor a sitting judge here. The company is doing all it can to present the facts and lets wait. I think we are on a good wicket. Our companies are here to comply with rules and guidelines," Mittal quipped.