In the Limelight!: Orientation Adventure Camp - Jogimatti

In the Limelight!: Orientation Adventure Camp - Jogimatti

Recession is coming

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Recession is coming .... make your own judgment, don't panic !! Dowhat iswise.

The recession looks very eminent. It is really time to take pro active
steps to avoid a painful time in the next two years which is how long
the recession is expected to last.

Suggestions:

1. Don't take any loans; buy homes, properties with loans, or even cash.
Keep as much cash as possible.

2. Pay off as much of personal loans, private loans, as debt collection
will be hastened.

3. Sell any stocks you can even at lower prices.

4. Take money off from Trust Funds.

5. Don't believe in huge sales forecast from customers, be extremely
prudent, lowest inventories, reduce liabilities.

6. Don't invest in new capital.

7. If you are selling homes/ properties/ cars, do it now, when you can
get good prices, they are going to fall.

8. Don't invest in new business proposals.

9. Cancel holiday plans using credit cards.

10. Don't change jobs, as companies will retrench based on 'last in
first out'.

Stay cool, wait, and if you took all of the above actions and more, you
probably will be better off then many. This is not a rumor.
Bear Stearns is the first of many banking and financial institutionsthat
will start falling in the not too future. If Bear Stearns can fall, socan
JP Morgan, Citibank, HSBC, and the whole world. US economy falls, therestwill crumble.

India and all those self economies will be the most protected, but not
gullible.

Europe may be a little stronger, but not China , another giant! :place
Malaysia will see significant impact.


A friendly reminder from a friend!!!
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A mail i received..!

Problem: Where Can I Get The List Of MICR Codes For Indian Banks?

The Reserve Bank of India (RBI) maintains the list of MICR (Magnetic Ink Character Recognition) codes for all Indian banking institutions (ICICI Bank, HDFC Bank, State Bank of India, et al.) at the following location:

http://rbidocs.rbi.org.in/rdocs/content/pdfs/68774.pdf

The Life of a BMTC Bus

If a BMTC bus could talk it would probably say “Ayyo Devare! Ee Bengaluru janara sahavaasa bedave beda”. (Translation: “Oh God! I do not want to have any association with the people of Bangalore”). A BMTC bus is a very faithful, un-complaining people ferrying machine. Despite its loyalty, it is the first thing to be attacked whenever a situation turns violent. People stone, set fire to, and puncture a BMTC bus for reasons that are not even remotely connected to it. For example, BMTC buses were attacked when,

1. Dr. Rajkumar was kidnapped by Veerappan
2. Tamil Nadu wanted Cauvery water
3. Babri Masjid was demolished
4. US invaded Iraq

Think your job is tough? Try being a BMTC bus for a day.

Moral: A BMTC bus is like a faithful pious wife. An easy target

- Vinaya HS | vinayahs.com

New knight rider - preview

knightrideronline.com

Lessons on Life

There was a man who had four sons. He wanted his sons to learn not to judge
things too quickly. So he sent them each on a quest, in turn, to go and look at a pear tree that was a great distance away.

The first son went in the winter, the second in the spring, the third in summer, and the youngest son in the fall.

When they had all gone and come back, he called them together to describe what they had seen

The first son said that the tree was ugly, bent, and twisted. The second son said no it was covered with green buds and full of promise.

The third son disagreed; he said it was laden with blossoms that smelled so sweet and looked so beautiful, it was the most graceful thing he had ever seen.

The last son disagreed with all of them; he said it was ripe and drooping with fruit, full of life and fulfillment.

The man then explained to his sons that they were all right, because they had each seen but only one season in the tree's life.

He told them that you cannot judge a tree, or a person, by only one season, and that the essence of who they are and the pleasure, joy, and love that come from that life can only be measured at the end, when all the seasons are up.

If you give up when it's winter, you will miss the promise of your spring, the beauty of your summer, fulfillment of your fall.


Moral:

Don't let the pain of one season destroy the joy of all the rest.
Don't judge life by one difficult season.
Persevere through the difficult patches
and better times are sure to come some time or later.

"True love never dies for it is lust that fades away.
Love bonds for a lifetime but lust just pushes away"

Immature love says: 'I love you because I need you.'
Mature love says 'I need you because I love you.'

tit-a-bit

^Faith - For the believer nothing is miraculous, it is merely a confirmation of what he or she already knows to be true.

^There is no teacher who can teach us something new...he cn only help us remember things we always knew!!

good day

GM v/s MS

At a recent computer expo (COMDEX), Bill Gates reportedly compared the computer industry with the auto industry and stated,
"If GM had kept up with technology like the computer industry has, we would all be driving $25.00 cars that got 1,000 miles to the gallon."

In response to Bill's comments, General Motors issued a press release stating:

"If GM had developed technology like Microsoft, we would all be driving cars with the following characteristics (and I just love this part, especially 7'th point and 10'th point):

1. For no reason whatsoever, your car would crash twice a day.

2. Every time they repainted the lines in the road, you would have to buy a new car.

3. Occasionally your car would die on the freeway for no reason. You would have to pull to the side of the road, close all of the windows, shut off the car, restart it, and reopen the windows before you could continue. For some reason you would simply accept this.

4. Occasionally, executing a maneuver such as a left turn would cause your car to shut down and refuse to restart, in which case you would have to reinstall the engine.

5. Macintosh would make a car that was powered by the sun, was reliable, five times as fast and twice as easy to drive - but would ! run on only five percent of the roads.

6. The oil, water temperature, and alternator warning lights would all be replaced by a single "This Car Has Performed an Illegal Operation" warning light.

7. The airbag system would ask "Are you sure?" before deploying.

8. Occasionally, for no reason whatsoever, your car would lock you out and refuse to let you in until you simultaneously lifted the door handle, turned the key and grabbed hold of the radio antenna.

9. Every time a new car was introduced car buyers would have to learn how to drive all over again because none of the controls would operate in the same manner as the old car.

10. You'd have to press the "Start" button to turn the engine off.

And last but not the least… Never undervalue the manufacturing & automobile industry !!"

Newton in Romantic mood!

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" Love can neither be created nor be destroyed; only it can transfer from One girlfriend to another girlfriend with some loss of money. "


first law :

"a boy in love with a girl, continue to be in love with her and a girl in love with a boy, continue to be in love with him, until on unless any external agent(brother or father of the gal) comes into play and break the legs of the boy."


second law:

" the rate of change of intensity of love of a girl towards a boy is directly proportional to the instantaneous bank balance of the boy and the direction of this love is same to as increment or decrement of the bank balance."


third law:

"the force applied while proposing a girl by a boy is equal and opposite to the force applied by the girl while using her sandals."
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What are the Twenty-three Fields of Activities?

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Five great elements called mahabutas:

1. Earth.
2. Water.
3. Fire.
4. Air.
5. Ether.

Three subtle elements:

6. False ego.
7. Intelligence.
8. Independent mind.

Five acquiring senses:

9. Eyes.
10. Ears.
11. Nose.
12. Tongue.
13. Skin.

Five working senses:

14. Voice.
15. Legs.
16. Hands.
17. Anus.
18. Genitals.

Five objects of senses:

19. Smell.
20. Taste.
21. Form.
22. Touch.
23. Sound.

Difference between 'Love' and 'Like'

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It's hard to talk about this boundary without using example and comparison. They don't give an exact picture, but they suggest and give you a sense of the reality.

If you say, "I love my dog," but look at an apartment that doesn't allow pets, you only liked the dog. Whoever said, "You can fall in love with a rich man as easily as a poor man," never loved. Whoever thinks love can be measured by a bathroom scale or diminished by age, never loved.

Love is like the answer to a riddle. Other answers may seem good or clever, but only this one answer is perfect.

Love is like the right job. The job inspires you and feels like play. You crave the work, you are passionate about it. It lifts you up and drives you to new levels.

Love is the color which connects with the deepest level of your being. It is the music which speaks to you.

When you love someone, you are totally yourself with them. Nothing can drive a wedge between you. Whatever life throws at you, you deal with together.

When you reach the boundary between like and love, you know you are entering another country. You are beyond newness and infatuation. You know what Shakespeare meant when he called love "an ever-fixed mark that looks on tempests and is never shaken."

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Premji richest Muslim tycoon

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New York, Sept. 12: India’s software czar Azim Premji now has a new nomenclature — the world’s richest Muslim entrepreneur — as he holds more wealth than any other Muslim outside the Persian Gulf royalty, the Wall Street Journal reported in a front-page profile. The newspaper said Mr Premji, chairman of India’s third-largest IT exporter Wipro, defies all the conventional wisdom about Islamic tycoons — he does not hail from the Persian Gulf, did not make his money in petroleum, and does not wear his faith on his sleeve.

“Azim Premji has tapped India’s abundant engineering talent to transform a family vegetable-oil firm, Wipro Ltd, into a technology and outsourcing giant. By serving Western manufacturers, airlines and utilities, the company has brought Premji a fortune of some $17 billion,” the report said. Mr Premji is ahead of Russia’s metal and real estate baron Suleman Kerimov ($14 billion), Kuwait’s Nasser Kharafi ($11 billion), Saudi Arabia’s Mohammad Amoudi ($8 billion), the UAE’s Abdulaziz Ghurair ($8 billion), Russia’s Iskander Mahmudov ($8 billion), and Saudi Arabia’s Maan Sanea and Suleiman Rajhi ($7.5 billion each) among the richest Muslim entrepreneurs in the world.

The daily quoted Mr Premji in the report, titled “How a Muslim Billionaire Thrives in Hindu India”, as saying that such success shows globalisation is turning into “two-way traffic” that can bring tangible benefits to developing countries. “We have always seen ourselves as Indian. We’ve never seen ourselves as Hindus, or Muslims, or Christians or Buddhists,” Mr Premji told.
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Parliament disruptions cost nation Rs 18 cr

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New Delhi: Disruptions, disruptions and adjournments. That was the story of this monsoon session overshadowed by the furore over the Indo-US civil nuclear deal.

And three days before the session was scheduled to be over, an emotional Lok Sabha Speaker Somnath Chaterjee blamed the members for their continuous unruly behaviour.

”I am disturbed, I’m unhappy, sorry and concerned,” said Chaterjee.

And given the volatile political scenario this could well be the last or one of the last sessions of the 14th Lok Sabha.

The nuclear deal issue is proving to be politically irreconcilable. Even the MPs are aware that they have been guilty of an enormous amount of wastage of taxpayers' money.

There have been six disruptions in the Lok Sabha and 54 in the Rajya Sabha.

Take a look at the figures to understand the sheer volume of expense to be borne by the national exchequer. This is how the Parliament expenses are calculated

“Per minute Rs 34,500 are spent,” said MoS for Parliamentary Affairs, Suresh Pachauri.

And per hour it means a loss of Rs 20. 7 lakh. If you translate that into loss per day it comes to Rs 1.55 crore.

This session, the Lok Sabha lost 42 hours, the Rajya Sabha 41. And given the high cost of loss per hour that meant the expenditure incurred by the government for these scenes of pandemonium totaled to Rs 18 crore.

They say battles put a heavy burden on the exchequer. But while this lack of coordination between he government and the Opposition may not be a battle, it’s literally draining the exchequer of lakhs and crores.

Via: IBN Live

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First day at work? CEO may greet you with flowers

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When Gerald Prasath walks into a new job, a big surprise awaits him. The CEO and management of his new company, Bangalore-based Aditi Technologies, greets him at the gates.

Then, the rituals begin: the crowning, tilak, garlanding, aarti and a puja in the background.

As if that's not enough, an ornately-decorated elephant showers blessings, as well. Prasath is one of 14 new recruits, and they have never seen anything like it.

“It’s an out of the world experience. We are fortunate to be part of this family,” they say.

IT firms are going out of the way to make staff feel wanted.

Honeywell Technologies extends a welcome card, business newsletters and a gift or flowers to new employees even before their first day at work.

Unisys Global Services extends, on the other hand, puts up a welcome aboard sign with the new recruits' names and gives them a kit with a company branded t-shirt.

ITC Infotech conducts a campus to corporate module to simplify the transition from a college mode to a more professional corporate culture for first timers.

FMCG firm, Hindustan Unilever plans to send an official pick-up and drop for new employees on the first day.

“Younger profiles are entering the job market, they have seen and explored, experienced a lot of possibilities and organisations, so its’ very important that you enter and feel good,” said Nanda Majumdar, Head of HR, Manpower.

With attrition at a high of 30 per cent every year among IT firms and BPOs, companies realise they need to ensure new recruits feel special.

Now flowers may soon wither away but they are meant to leave a lasting impression.

Via: IBN Live
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Free service? Banks don't do any such favours

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There's no such thing as a free lunch. Banks today offer a slew of services to the customer, which only seem to increase the amount that they charge you by the day.

Let’s take stock of what you pay to avail of services for a typical savings bank account.

1. Non-maintenance of minimum balance

You must maintain a stipulated minimum balance in your account (Rs 1,000 for a nationalised bank, Rs 5000 for a private bank).

If you fail to maintain this average quarterly minimum balance, you attract a bank charge of Rs 750-1500 respectively.

You could also face fines for cash transactions at branches and ATMs.

2. Chequebook charges

Most nationalised banks provide chequebooks free as per your requirement.

Many private ones, on the other hand, charge you Rs 50-200 per chequebook, if you use up more than 2-3 per quarter.

3. Account closure charges

Some banks charge Rs 50-200 if the account is closed before six months elapse.

4. Charges for certificates

Unlike most nationalised banks, private banks charge Rs 50-250 for documents like balance certificate, interest certificate, address confirmation, signature attestation, photo attestation etc.

5. Cheque return charges

Nationalised banks fine you Rs 50-200 in case of cheque return (due to insufficient funds, signature mismatch etc), but private ones charge you Rs 100-Rs 500.

6. Cash transaction at other branches

In case of a cash transaction at a branch other than where your account is opened, 1-3 transactions are free per quarter. Beyond that, be prepared to be charged at the rate of Rs 5 per for every Rs 1000 transacted.

7. ATM charges

If you use the ATM of another bank for balance enquiry or cash, you could be charged anything from Rs 10-100 per transaction.

8. Account statement

RBI directs that all banks must send free quarterly statements to their customers. Should you require more statements (in case of loss etc), you may have to pay Rs 50-500 per statement.

9. ATM or Debit Card fees

Most banks offer ATM cards free of cost, but some do charge their customers for debit cards. For example, ICICI Bank provides a combo ATM/ Debit card, for which it charges Rs 99 per annum.

Over and above these, there are several other charges, like outstation clearing charge (Rs 50- 500), pay order/ demand draft charge (based on amount), standing instruction charges, home cash delivery charges, old records retrieval charges, activation of dormant account charge etc.

Note: Visit the bank's web site or any of the branches, for a copy of these expenses. It is mandatory for every bank to give it to you.

The author, Ketul Shah, is a Chartered Accountant He can be contacted at ketul.shah@moneycontrol.com
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Intelligent Answers ???

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Q.How can you drop a raw egg onto a concrete floor without cracking it?
A. Concrete floors are very hard to crack! (UPSC Topper)


Q.If it took eight men ten hours to build a wall, how long would it take four men to build it?
A. No time at all it is already built. (UPSC 23 rd Rank Opted for IFS)


Q.If you had three apples and four oranges in one hand and four apples and three oranges in the other hand, what would you have?
A. Very large hands.(Good one) (UPSC 11 Rank Opted for IPS)


Q. How can you lift an elephant with one hand?
A. It is not a problem, since you will never find an elephant with
one hand. (UPSC Rank 14 Opted for IES)


Q. How can a man go eight days without sleep?
A. No Probs, He sleeps at night. (UPSC IAS Rank 98)

Q. If you throw a red stone into the blue sea what it will become?
A. It will Wet or Sink as simple as that. (UPSC IAS Rank 2)


Q. What looks like half apple?
A : The other half. (UPSC - IAS Topper)


Q. What can you never eat for breakfast?
A : Dinner.


Q. What happened when wheel was invented?
A : It caused a revolution.


Q. Bay of Bengal is in which state?
A : Liquid (UPSC 33 R ank )

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Interviewer said "I shall either ask you ten easy questions or one really difficult question.

Think well before you make up your mind!" The boy thought for a while and said, "my choice is one really difficult question."

"Well, good luck to you, you have made your own choice! Now tell me this. "What comes first, Day or Night?"

The boy was jolted in! to reality as his admission depends on the correctness of his answer, but he thought for a while and said, "It's the DAY sir!"

"How" the interviewer asked,

"Sorry sir, you promised me that you will not ask me a SECOND difficult question!" and he was selected for IIM!

An assault on the soul of the nation???

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I had gone to the Landmark book shop on Nungambakkam High Road Monday evening. When, I got a new 2 Rupee Coin minted in 2006 as loose change towards the balance that was payable to me, I was shell-shocked to note that on one side of this coin was the usual and familiar Ashokan Lion Capitol in miniature size (! ?) with the constitutionally approved and administratively established inscription of Sathyameva Jayathe (Truth Alone Triumphs) deliberately smudged/omitted with pseudo-secular sinister intentions. On the reverse of the same coin, I could clearly see the inscription of a Christian Cross which had replaced the map of India. I asked myself a highly saffronised and communal question: Are we living in a Catholic country like Italy or Spain or Portugal where Roman Catholicism is the religion of the State and the people? To quote the bracing and blazing words of B R Haran in this context: 'I too was literally shocked to see the Cross on the 2 Rupee coin. Some may feel that it is only a 'X' mark, but it is not true. Why should and for what reason the government of India have the 'X' sign on the coin? Whereas, the motive behind '+' mark makes sense. I am sure it is a 'Cross' and the calculated motive of the Italian-led government is only to spread Christianity in India. It is a fraud committed, not only on the so-called secularism of the country, but also on the Constitution and the conscience of our people. It is indeed outrageous and atrocious that the beautiful map of India in the previous version of the 2 Rupee coin minted in 2000 has been removed and replaced with this lousy Cross in 2006. I wonder what the opposition is doing! How it that it escaped their attention? How are we going to put an end to all this pseudo-secular drama?'

Ever since the UPA government under the dynastic stranglehold of Sonia Gandhi came to power in New Delhi in May 2004, it has been following a calculated and damnable policy which I have often described times without number as 'Christianity-Coveting, Islam-embracing and Hindu-Hating in stance, posture, ideology, philosophy, programme and action.'

In these columns I had exposed the anti-national designs of the government of India on 3 January, 2007. I had observed as follows about the dastardly slant of the government of India even in the very routine matter of presentation of government of India websites: I was going through the government of India websites 10 days ago. I had the misfortune of running into a government of India website relating to e- greetings under four heads: a) Celebrations; b) Heritage; c) Festivals and d) Glimpses of India. I did not find any e-greeting card for any Hindu festival. However, there were 16 cards for Christmas and nine for Eid. I could clearly see the egalitarian impact of Sachar Committee and Dr Manmohan Singh's Minority Appeasement Declaration (MAD) in concerted action even on a government of India website.'

In this context I would like to quote these immortal words of Shri Aurobindo in his last political speech at Uttarpara on 30 May, 1909: 'I say it again today, but I put it in another way. I say no longer that nationalism is a creed, a religion, a faith; I say that it is the Sanatan Dharma which for us is nationalism. This Hindu nation was born with the Sanatan Dharma, with it it moves and with it it grows. When the Sanatan Dharma declines, then the nation declines, and if the Sanatan Dharma were capable of perishing, with the Sanatan Dharma it would also perish. The Sanatan Dharma, is indeed nationalism. This is the message that I have to speak to you'. If India is held together, it is because of SANATANA DHARMA.' It is shocking that a Two-rupee coin has been issued with a 'sectarian' or 'religious' motif. This is a pseudo-secular assault on the state which vows 'pantha nirapekshataa' - neutrality as to 'religion.' This is a departure from the practice of issuing commemorative coins to celebrate Mahatma Gandhi, Jawaharlal Nehru, Indira Gandhi, B R Ambedkar, Rajiv Gandhi, Dnyaneshwar, 1982-Asian Games, Sardar Vallabhbhai Patel, Subhash Chandra Bose, Sri Aurobindo, Chittaranjan Das, and Chhatrapati Shivaji.

This indeed is unfortunate. Who is behind all this calculated national mischief? Is it the Congress Party and its pseudo-secular anti-Hindu allies? Is it Sonia Gandhi and her caucus with its own convoluted conduit pipes? Is it an over enthusiastic Christian bureaucrat dreaming of a Padma award or some sinecure post after his retirement? These are the questions that can be asked by every responsible and enlightened citizen in India today.

In my view, the 2 Rupee Coin issued in 2006 bearing the 'Christian Cross' resembles the Gold Coin issued by Louis the Pious (778 AD-840 AD), also known as Louis I, Louis the Fair, and Louis the Debonaire.. He was Emperor and King of France from 814 to his death in 840. He issued a coin bearing a Christian Cross which has been copied shamelessly by the Mint Master who has included the same Cross on one side of the new 2 Rupee coin issued in 2006. I am presenting below the picture of that coin issued by Louis the Pious (778-840).

Please see the Cross on the above coin on the left . There are four dots in all in the above coin, two on either side of the vertical line of the Cross. During the days of the Crusades and the Byzantine Empire, they were known a besant or besants. Besant was also called solidus, a gold coin of the Roman empire used in Europe until the 15th century. Four dots (besants) on the cross of Louis the Pious (9th century) later evolved into the 'Jerusalem Cross' which was used as a coat of arms for the Latin kingdom in Jerusalem. It was also called 'Crusader's Cross' during the Crusades. The four small dots (later small crosses) are symbolic of the four Gospels proclaimed to the four corners of the earth, beginning in Jerusalem; the large cross symbolizes the person of Christ. (http://christianity.about.com/cs/artgallery/p/jerusalemcross.htm) Four canonical gospels are attributed to the Four Evangelists: (Gospel of Matthew, Gospel of Mark, Gospel of Luke and Gospel of John). 'Go into the whole world and proclaim the Gospel to every creature. He who believes and is baptised will be saved; he who does not believe will be condemned' (Mk 16:15-16). The Gospel of Mark is cited as the doctrine for Dominus Jesus initiated by Ratzinger, the present Pope in the Vatican. (http://www.vatican.va/roman_curia/congregations/cfaith/documents/rc_con_cfaith_doc_20000806_dominus-iesus_en.html)

There is a good possibility that this initiative was the inspiration for the Bharatiya Mint Master to produce the plagiarised masterpiece of Crusader's Cross on the 2 Rupee Coin issued by Government of India in 2006 and also for deleting the words 'Satyameva Jayate' from the Indian State Emblem on the obverse of the coin.

I am presenting below two sides of the 2 Rupee Coins issued in 2000 and 2006.

Please note the Indian Two Rupee Coin above bearing the 'Christian Cross' in the coin issued in 2006.

FIRST ROW ABOVE: Obverse and reverse sides of the Indian coin (Rs 2) minted in 2000. Please see the map of India on the right. Please see the inscription of Satyamevajayate below the Lion Capitol on the left coin.

SECOND ROW ABOVE : Obverse and reverse sides of the 2 Rupee Indian coins minted in 2006.

IN THE OBVERSE SIDE OF THE 2006 VERSION ABOVE : Note carefully the 'Christian Cross' which has replaced the national symbol of the three lions. The National Symbol of India (The 3 lions from the hoary Ashoka Chakra) has at long last been crucified!

Ashok T Jaisinghani (ashokjai@sancharnet.in) has asked the following relevant questions which will be fully endorsed by the patriotic Hindus of India numbering over more than 800 millions and in absolute majority:

How many Hindus have noticed the new two-rupee coins bearing the 'Christian Cross'?

* Is the secular government of India openly using the sign like the Cross on Indian coins to encourage the spread of Christianity in India?

* Is the UPA-led government of Manmohan Singh favouring the Christian community just to keep the Italian Christian Sonia Gandhi in good humour?

* Is Prime Minister Manmohan Singh acting as a mere puppet of Sonia Gandhi who is behaving like a de facto Empress of India?

I have cited the example of Christian Cross to be seen in the coins issued by Louis The Pious (778-840) which has been used by government of India on the 2 Rupee Coins issued in 2006. The pseudo-secular anti-Hindu leaders of India of New Delhi can say that the example of Louis The Pious is no longer relevant today in 2007!! To such Hindu-baiting people, I would like to give the following examples / samples of Christian Crosses from a modern website of AmeriYank's Christian Crosses:

In the second row above , the Cross on the extreme right looks almost similar (if we exclude the ornamental ends on the four arms) to the Cross on the 2 Rupee Indian Coin issued in 2006.

Today in India, tragically a Hindu has only one parichaya, only one name by which he is known. He is known as a communalist. Islamic ideology, Christian ideology, Communist ideology � very humane and very civilized according to the Minority UPA government� have all made such inroads that a Hindu is being called a communalist in his own land. This is the 10th wonder of the world.

(The writer is a retired IAS officer)

e-mail the writer at vsundaram@newstodaynet.com

Via: newstodaynet.com

Wishing every Indian a happy 60th indipendence day

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MBA-grad mints money from garbage management

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New Delhi: Manik Thapar, an MBA graduate turned his business into a mission and vice-versa.

"When I was studying in the US people used to ask me how could I live in a dirty country. That's when I decided that I need to clean up,” says Thapar.

It was then that Thapar decided to set up shop in garbage management and collection in Noida two years ago. And the idea he had back in college in the US is now a money churner. Thapar's Ecowise Waste Management collects garbage from nearly 20,000 households, as well as a few malls and hotels, in Noida. This is then converted into almost 60 tonnes of compost or manure every month, and then sold in the open market.

“The waste is segregated and then divided into bio-degradable and non biodegradable waste. The Biodegradable waste is then converted to compost,” says Thapar.

Wet waste, which is primarily kitchen waste is then converted into organic and vermiculture compost. This sells for Rs 40 a kilo, while the organic manure is sold at Re 1 per kg. And it's not just about making money - Thapar says his venture saves Noida Authority, which produces around 350 tonnes of garbage every day, around Rs 9 lakh a day. Also, the men working under him are each paid Rs 5,000 per month and are given medical insurance. And Thapar plans for more!

“Future plans include expand work to cities like Delhi, Agra, Jaipur and Kerela. And crush PET bottles and supply these to Reliance and turn them into fibre optics,” says Thapar.

Thapar's also an advisor on the MCD's solid waste management committee. And while he's certainly making money, he says what drives him is also the will to make a difference.

Via: IBNlive

Turn of Fortune: Mexican is world's richest man

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"BILLIONAIRE'S CAUSE: Mexican telecom billionaire Carlos Slim with former US President Bill Clinton." - below

Mexico City: Mexican telecom billionaire Carlos Slim has overtaken Microsoft founder Bill Gates as the world's wealthiest man with riches of $59 billion, according to Fortune magazine.

Fortune, which tracks the performance of the world's top companies, said Slim has increased his net worth by $12 billion so far this year based on the market value of his companies listed on stock exchanges.

In an online profile of Slim, 67, Fortune said he had a fortune of $59 billion based on the value of his public holdings at the end of July. Gates, the Microsoft founder and perennial No. 1, had a net worth estimated to be at least $58 billion, the magazine said.

Slim, the son of a Lebanese immigrant, owns Latin America's largest cell phone company, America Movil. Fortune said Slim's companies, ranging from a restaurant chain to a bank, made up a third of the Mexican stock market and his family's holdings represented more than 5 percent of Mexico's gross domestic product last year.

In July, a respected Mexican financial journalist announced that Slim had overtaken Gates as the world's richest man but the magnate said he did not care.

“It's water off a duck's back to me,” the cigar-smoking Slim told foreign correspondents last week. "I don't know if I'm No. 1, No. 20, or No. 2,000. It doesn't matter."

Gates and billionaire US investor Warren Buffett, who was the second-richest person in the world until Slim overtook him this year, have been giving more of their money to charity in recent years.

Slim also backs philanthropic causes and last week announced a $300 million plan to build 100 schools in Mexico, but says he does more good by creating wealth and jobs through his own companies.

- Via: IBMlive