Stock Market Calls

How to Invest in Gold

noreply@blogger.com (agarval) — Tue, 22 Sep 2009 23:37:31 PDT

The supply of gold is constrained, which helps gold hold its value. The gold supply increases very, very slowly as more gold is mined. Gold acts as a hedge against inflation and a store of value over time. In ancient Rome, a single one-ounce gold coin could buy a quality toga, a pair of sandals, and a belt. Today, the same is true: a single one-ounce gold coin is about $780, enough to buy a good quality suit, shoes, and a belt.(1)
If you think that we'll experience more inflation ahead and that the dollar is likely to continue to lose value, you might be contemplating how to put a portion of your portfolio into hard assets, such as gold.

Gold ETFs

One of the easiest ways to invest in gold is through an exchange-traded fund, or ETF for short. You can think of an ETF as a mutual fund that you can trade like a stock. I'll explain more about ETFs and some of their advantages over mutual funds in a future episode. Two examples of ETFs that simply buy, store, and insure physical gold are StreetTracks Gold Shares (which is traded on the New York Stock Exchange under the ticker symbol GLD) and iShares Comex Gold Trust (which is traded on the American Stock Exchange under the ticker symbol IAU).
One of the key benefits of investing in gold through an ETF is that you don't have to worry about safely storing physical gold yourself. Owning physical gold can be risky because it can be stolen or lost, and you usually need to pay a fee to store it safely.

One important thing to be aware of is that the IRS taxes gold ETFs like collectibles, not like stocks and mutual funds. Collectibles are subject to special tax rules. If you hold a gold ETF for more than a year, instead of being taxed at the long-term capital gains rate of 15%, you'd be taxed at the special collectibles rate of 28%. However, you can avoid the higher "collectibles" tax rate for a gold ETF by holding it in a Roth IRA, which is tax-free.

Mining Companies

Another relatively easy, but indirect way to invest in gold is through a mutual fund or ETF that owns precious metal-related companies. There are many mutual funds that invest in companies around the world that mine gold and other precious metals. Here is a link to a Web page that lists top performing precious metal funds.

An ETF that invests in gold-related companies is Market Vectors Gold Miners (which trades on the American Stock Exchange under the symbol GDX). This ETF replicates the AMEX Gold Miners index, which is an index of mostly gold and silver mining companies.

Gold Coins

Now, ETFs and mutual funds aren't the only ways to invest in gold. Some people like to own gold directly and invest in gold coins. If you do buy coins, it's really important that you do your homework first and buy them from a reputable dealer. You'll also want to store them safely by keeping them in a safe deposit box, for example.

If you have concerns that the government could once again confiscate gold owned by individuals like FDR did back in 1933, you might be most comfortable investing in pre-1933 U.S. gold coins. These coins are considered to be collectibles and, by law, are exempt from confiscation.
Remember to Take It Easy

Lastly, if you are investing in or thinking about investing in gold, it's important not to go overboard because the price of gold can fluctuate a lot. For those of you who want to see how the price of gold has fluctuated over the years, here's a link to create charts that shows the price of gold since 1975. So here's wishing you happy investing and golden returns.

Earn Money Online

noreply@blogger.com (agarval) — Tue, 22 Sep 2009 23:24:21 PDT

If you have come to this website then you have made a right decesion. I have a plan for everyone to earn 300$ extra per month. Yes, thats true and does not require an investment. To earn money online I recommend to join all the survey panels that are available in your country. If you join 20 survey panels and each day you get 3-5 survey of 2-5 $ each then you can easily make 300$ extra per month. Thousands of people are earning money online taking paid online surveys. and people who don't beleive are the one who losing the money on the table!! Join legitimate paid surveys and get paid for surveys.

Paid Surveys are web based research tool. The study contains a questionnair. Paid surveys are an easy and great way to earn extra money online. Take paid surveys for cash and get paid by Paypal, check, Amazon gift cards and other prizes. Work from home and earn money online. Participate in market research surveys and tell companies what you think?
The biggest advantage of paid surveys are that you get to hang out in the comfort of your home, not have to get up and go anywhere. All you need is a computer and an internet connection! Join free paid online survey panels that pay by Paypal. Many websites provide a list of paid survey sites and charge a fee but EarnExtraRupees.com provides the list of paid surveys FREE.

Global Test Market: Global Test Market is one of the largest marketing research firms which conduct online market research and paid surveys. Most surveys take less than 15 minutes to complete. Take free paid surveys and earn 50-150 points that can be redeemed for cash. Sometimes these surveys may lead to a chance to test a product or service, or participate in a online focus group with bigger rewards. You will get 5 points(0.25$) for each survey you do not qualify, so it is worth to join. Minimum payment is 50$. Payments are sent by check in your local currency. International members from United Kingdom, Australia, Canada, Finland, France, Germany, Hong Kong, Italy, Malaysia, Netherlands, New Zealand, Norway, Philippines, Puerto Rico, Spain, Sweden, Taiwan, Thailand, Turkey, can join GTM International panel. If you are from USA then join GTM USA panel.

Never pay any company to join survey sites to get free paid online surveys. We have done the analysis of several paid surveys panels and listed below that are legitimate. What can you get by taking free paid surveys:
* $1-$30 for participating in Free paid surveys
* 20$ to $100 for participating in online focus groups ( focus group surveys are the so called maximum paid surveys)
* Up to $100 for phone surveys
* You can also try out new products that will be coming out on the market and be paid for trying them and giving your opinion!
Top Paid Online Surveys
1. Myview Survey Panel (Exclusive). This is an invitation only survey panel. General public can not directly join Myview Surveys. Myview pays by Paypal. You can join Myview Survey Panel and earn Amazon giftcards and Paypal cash for taking paid surveys. Hispanic members join Myview Hispanic Panel

2. Opinion Outpost: Opinion Outpost survey panel is a legitimate survey panels. They send a lot of surveys. Earn reward points to participate in paid surveys. Opinion Outpost pays by cheque and minimum payout is 5$ only. Mebers from USA and Canada can join Opinion Outpost survey panel. Join Opinion Outpost Survey Panel and get paid to take surveys.

3. EDU Survey Panel. Represent your College! Take our questionnaire and tell us about your college, university, or trade school. Join EDU Research survey panel and make money online.

4. Consumer Village: Join Consumer Village, take paid surveys and participate in online discussion and get rewarded for it.

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6. American Consumer Opinion: Join ACOP survey panel take paid surveys and earn Amazon gift certificates. Register with ACOP Panel. Canada, Germany, Italy, Spain, United Kingdom, United States members only.

7. Greenfield Online:This is one of the largest survey panel. They send a lot of surveys. Greenfield pays by Paypal. Join Greenfield Online Surveys and make money online taking paid surveys. 13+ years old US members only. Canadian members can join Greenfield Canada Panel.

8. Pinecone Research: Pinecone research is one of the most trusted and legitimate paid surveys panel. Pinecone Research is currently looking for new UK members. Join Pinecone Research UK. Pinecone pays (3$ to USA , Canada members and 3£ to UK members) for every survey you will complete. Join pinecone research and participate in market research surveys and product testing. The payment method is Paypal and checque.

9. Valued Opinions: Valued Opinions is a service which rewards you for taking part in market research surveys. Join Valued Opinion receive up to $5 for each survey you complete, and up to $50 for completed specialist surveys. Valued opinion pays by Amazon Giftcards.

10. Mindfield Survey Panel: Mindfield Online is currently recruiting. Earn Cash For Your Opinions! Join Mindfield Online Survey Panel. 18+ USA members only.

11. GiveUsYour2Cents: Join GiveUsYour2Cents survey panel and take daily paid surveys and earn money online.

12. Ipsos I-say Survey Panel: Take paid surveys and earn cash. Complete paid online surveys and earn money online. Join the Ipsos I-say Survey Panel. & you will be entered into a draw for $5000.

13. Zoom Panel. ZoomPanelists receive rewards by qualifying for and completing online surveys. For each completed survey, you receive ZoomPoints that are redeemable for popular movies, music, electronics, and more. Join Zoom Panel and earn rewards. 18-24 years US only.

Want to buy a house? The Smart guide

noreply@blogger.com (agarval) — Tue, 22 Sep 2009 23:18:32 PDT

THERE was a time, not too far back, when buying your own home was the culmination of your lifes' work. It was the ultimate dream, your reward for having spent more than 20 years of your life working hard and saving harder. Not anymore. You can buy your home at 25 and we tell you how!

Step 1: Select the location
While most young, well-educated professionals are likely to be doing short stints in several cities, the most important parameter when buying the first home should be 'Is this the city I want to live in?'

If you've zoned in on the city then figure out whether you want a modern, spacious housing that may require a commute or something smaller close to the metro core.

But don't think about buying a home for investment. For a young person, the hassles of renting out a home are too many. For investment purposes there are many more attractive avenues.

Make sure you choose a renowned builder who has all legalities in place. Ask him these 8 questions to ensure all is well.

Step 2: Decide your budget
When you're young, you have a long earning years ahead of you and unless you've fantastically disciplined (which a few of us are), your savings are probably limited. Which means your dream house is pretty much out of the question right now. But make a start.

A property in the range of Rs 11-15 lakh is a good starting point.

But hold on before you start getting hopeful. Budget for your house considering payments such as your own contribution, the fees charged by all the financial institutions, upfront payment, broker's fees, stamp duties, transfer charges, parking charges, clubhouse membership, interiors, etc. Find details of loan schemes offered by various banks here .

In step 3 we tell you how to take the right loan. This is a big one. Loans belong to complicated world. Let's break it up into two parts to make it less intimidating:

a. The Selection

i. To start with, you can get a loan for upto 85% of the property value. The rest you can beg, borrow or steal. Well don't steal but try the others. This means for a house of Rs 11- 15 lakh your loan component can be about Rs 10 lakh. Read about the various types of home loans you can get!

ii. Most important are those three little letters- EMI. Your budget for buying your home should be based on your household budget and how much money you can afford put in an EMI. For a single person, the EMIs should not exceed 60-65% of your net income and for a married person the maximum is 35-40% of your joint income.

We give you three handy tips for selection

i. To increase the loan amount that you can get, take a loan jointly with your spouse so that both the incomes are clubbed to determine the gross repayment capacity.

ii. While choosing your financier, don't listen to your friend. Do your homework and keep sanctions from at least two ready with you as a back up in case the first one throws up some unpleasant surprises.

iii. Go for a step-up loan where you will make lower repayments in the initial years and higher ones as your income increases. Find out all about variable EMIs

b. The repayment

There are two ways you can choose to repay your loan -- conservative or aggressive. The choice depends on your individual financial situation and goals. You can choose longer terms and lower EMIs or vice versa. You can also choose lower loan amounts or take a joint loan. Use our EMI calculator to find out how much you will pay.

Home loans are not all bad news, there's good news too – home loans are great for tax breaks. If the principal component on your housing loan is Rs 1 lakh (Rs 100,000) and you make no other investments you will get the full advantage of it. You may end up getting a double benefit; a deduction of up to Rs 1 lakh on the principal amount and Rs 1.5 lakh (Rs 150,000) on the interest component.

In closing, you'll probably agree that buying a home is no cakewalk. But at the end of a long days' work when you can sit back and relax in a space you can call your own then it will seem well worth the effort.

How to invest in shares: The Smart way

noreply@blogger.com (agarval) — Tue, 22 Sep 2009 23:14:07 PDT

INVESTING in equities is riskier than and definitely demands more time than other investments. However, it can probably be more rewarding than you can imagine and certainly very exciting! World over, and even in India, stocks have outperformed every other asset class over the long run. Stocks are probably your best bet against inflation too.

If equities tempt you but you are scared to take the plunge during these volatile times, here's a complete step-by-step guide on investing in equities.

Step 1: Understand how the stock market works

When you read you begin with A-B-C. When you sing you begin with Do-Re-Mi. And when you invest in stocks you begin with business-company-shares.

Before you embark on your journey to invest in equities, teach yourself how the stock market works. Read this easy guide .

Step 2: Learn how to choose a stock
Having understood the markets, it is important to know how to go about selecting a company, a stock and the right price. A little bit of research, some smart diversification and proper monitoring will ensure that things seldom go wrong.
It's not that difficult: Just follow these 4 golden rules. And while you are at it< why don't you also check out How to buy low, sell high.

Step 3: Decide how much to invest
Since equities are high risk, high return instruments, how much you should invest would really depend on how much risk you can tolerate. Take this quiz to find out what your risk profile is.

Once you have done that, use this asset allocation test to calculate exactly how much of your savings you should invest in equities.

Step 4: Monitor and review
Monitoring your equity investments regularly is recommended. Keep in touch with the quarterly-results announcements and update the prices on your portfolio worksheet atleast once a week. You can use Moneycontrol's Portfolio to update the prices of your equity holdings.

Also, review the reasons you earlier identified for buying a stock and check whether they are still valid or there have been significant changes in your earlier assumptions and expectations. And use an annual review process to review your exposure to equity shares within your overall asset allocation and rebalance, if necessary. Ideally, revisit the RiskAnalyser at every such review because your risk capacity and risk profile could have undergone a change over a 12-month period.

Finally, ensure that you avoid these seven most common investing mistakes and sail smoothly into your financial bright future.

Oil and metal stocks may do well: Ajay Jain -Aug 03 2009

noreply@blogger.com (agarval) — Sun, 02 Aug 2009 21:21:16 PDT

As per Lt Col Ajay Jain, CEO, www.astromoneyguru.com, 3rd day of August 2009 is represented by planet called Jupiter and year 2009 is represented by Planet called Moon .Therefore combinations of Moon and Jupiter creat lots of volatility in world future market specially in Commodities and Forex. Our advance predictions made in previous article about nifty levels, recommendations of stocks of oil marketing companies like Hpcl, Hpcl and recommendations on commodities one again proved correct.

Now today Indian stock market may show volatile movement. As per astro economics metal, oil and shipping sectors may do well in trading. Short term traders may keep eyes on Crain India, Ongc, Shipping corporation of India, sterlite Ind, Hindusthan zinc, while weakness may be seen in Hpcl, Bpcl. Small traders are advised to trade in low volume trading since heavy volatility is expected in world future market. Expected nifty levels are as under
Nifty levels Résistance 4678, 4690, 4710 Support 4600, 4573, 4550

Commodity - As per astro economics Mentha oil is looking weak in spot and future market while Base metal like copper may show positive move in Asian market during day.

Forex- Indian rupee is likely to show volatile move against US dollars, while Euro is looking positive against US dollars in International forex trading.

Today Meen and Varashab rashi may get benefit in day trading while Karak, Tula and Meen Rashi need alert in big trading. You are rashi is based on Moon in Your birth chart. Risk management is mandatory tool in trading in stock market.

Sensex has resistance at Rs 15790/15872-July 03 2009

noreply@blogger.com (agarval) — Sun, 02 Aug 2009 21:19:09 PDT

According to Hem Securities' report, the support for Sensex remains at 15542/15245 levels and resistance at 15790/15872 levels.

Hem Securities' report:

We expect markets to have uptrend today. The support for Sensex remains at 15542/15245 levels and resistance at 15790/15872 levels. Nifty is having support at 4593/4503 while resistance is at 4670/4709 levels.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

SENSEX Intraday Calls Friday, 31 July

noreply@blogger.com (agarval) — Thu, 30 Jul 2009 21:01:51 PDT

Source	Company	Action	Target (Rs)
Business Line	ONGC	Sell	Stop loss Rs 1,120
Business Line	L&T	Buy	Stop loss Rs 1,465
Business Line	DLF	Buy	Stop loss Rs 389
ICICI Direct	NIIT	Hold	63
ICICI Direct	Sesa Goa	Hold	250
ICICI Direct	Sanghvi Movers	Hold	150
ICICI Direct	Kotak Mahindra Bank	Hold	584
Sushil	SBBJ	Buy	500
Sushil	Divis Laboratories	Buy	1490
Sushil	Greaves Ltd	Buy	175
Sushil	Time Technoplasts	Buy	60
Sushil	IDFC	Sell current levels	-
ICICI Direct	Dena Bank	Buy	65
ICICI Direct	East India Hotels	Buy	93
ICICI Direct	Orient Paper	Buy	66
ICICI Direct	Kamat Hotels	Buy	64
ICICI Direct	NTPC	Buy	245
Sushil	Indoco Remedies	Buy	275

Right time to start investing: ICICI Venture MD

noreply@blogger.com (agarval) — Thu, 30 Jul 2009 20:54:35 PDT

Vishakha Mulye, 40, speaks in a measured tone, but with the quiet assurance of someone who knows her onions. Just three months into her job as the managing director and chief executive officer of ICICI Venture, one of India's largest private equity firms, Mulye's biggest challenge is the burden of expectations -- first, she replaced the high profile Renuka Ramnath who steered the firm for over eight years; second, the market condition for raising money is hugely challenging; and third, she has had to re-shape the organisation and, in the process, let some people move on.

In her first interview after taking charge, Mulye, a chartered accountant who joined the ICICI Group 16 years ago, shrugged off the so-called burden. "The external environment is coming back on track and we have strategies in place to take the firm forward," she said, declining to comment on her predecessor's projections of ICICI Venture managing a corpus of $10 billion by 2010.

Mulye said she was currently focused on the new PE fund, which was already in the market. Though she refused to confirm it, sources said the firm has already raised $200 million from local investors and expected to approach overseas investors once the international markets bounced back. "The foreign markets are tough as people still haven't got back the confidence, but there is a lot of money within India waiting to be tapped," she said.

In response to speculation that many limited partners were refusing to make fresh commitments to the $810-million India Advantage Fund Series 2, by invoking the 'key man' clause, she said, "No one has pulled out money. This is a standard procedural matter and something which will be sorted out soon".

ICICI Venture has already deployed two-thirds of the fund.

Mulye should know as she was earlier the chief financial officer and treasurer of India's second-largest bank, ICICI Bank [ Get Quote ], and has hands-on experience in raising money abroad. Mulye said the appetite for investing in India was evident in Japan [ Images ], West Asia and some parts of America, though the majority of investors were still in a wait-and-watch mode.

She, however, felt that this was "the right time to start investing" as the stretched valuations of the past were becoming more realistic. "A few years ago, everything people touched turned into gold. Now, people have become more realistic. That gives us a lot of good opportunities to invest," she said.

ICICI Venture, she said, had already started that process. While not commenting on specific companies, Mulye said education, healthcare, infrastructure and energy were sectors that looked promising at this point.

On real estate, Mulye said she was more interested in the residential side of it -- affordable and urban housing in Tier I cities and the firm was already in advanced stages of negotiations with several companies. Commercial real estate, she said, would still take some time to come back on track due to oversupply and deceleration in demand. The firm already has a well-established real estate practice, which manages a three-year-old $550-million fund, which is yet to reach its maturity phase in terms of value.

On healthcare, ICICI Venture has already set up a holding company, Iven Medicare, to manage its investments in four existing healthcare and hospital chains spread across the country.

The vision is to create a highly efficient and integrated healthcare delivery system on a nationwide basis using a platform, which combines the financial and operating capabilities of a private equity player with the domain knowledge and wisdom of the doctors running the chain.

The firm's operating team, led by Joint Managing Director Rajeev Bakshi, provides management support and the idea is to bring in value once these hospitals achieve a certain scale. The firm will look at exit options at an appropriate time like an initial public offering of the holding company, secondary stake sale or listing of individual companies.

Mulye said the firm was keen on an infrastructure fund as well, and preparatory talks were on to invest in this sector. The infrastructure team at ICICI Venture is currently being set up and the firm is deliberating on a "theme" for its foray into infrastructure.

On the firm's exit strategy, Mulye referred to last month's sale of RFCL's Vetnex Animal Health division to Pfizer [ Get Quote ]. Vetnex is a part of RFCL, a significant stake in which was acquired by ICICI Venture from Ranbaxy Laboratories [ Get Quote ] for about Rs 50 crore, in 2005.

The sale was reportedly done at over Rs 200 crore. Mulye said RFCL was a classic ICICI Venture buyout, involving the divestiture of a non-core business of a large corporate along with participation from the management team of the business.

The transaction reinforced the ICICI Venture's way of investing in fundamentally strong businesses, and adding value through strategic direction, acquisitions and efficient capital allocation.

On the revival of the IPO market and the exit route for other investments, Mulye said the firm was in the process of making some of its investments "IPO-ready" and would look at such options at an appropriate time.

On the exits that her firm has seen at the top, Mulye said the number was far too small to make any significant impact and she has already brought in a new structure in the company, mostly with people who had been around in the firm for over a decade and a few external hires.

Apart from herself and Bakshi, the firm will have five presidents and three directors, who have been involved in the full cycle of investments from nurturing to divestment. The new hires include Prashant Purker, former managing director (global finance) of Lehman India, as president. Sumit Chandwani, Jayanta Banerjee, KS Jangbahadur, Prashant Purker, Vandana Rajadhyaksha, Anand Vyas and Sunay Mathure will form the core team now. Another president has already been identified and will be on board in the first week of August.

Mulye said exits done so far in the first PE fund that her firm raised around 2003 had achieved an IRR (internal rate of return) of 62 per cent. Half of that fund, which had raised Rs 1,100 crore, has been divested already and the firm has got an extension of two years for divestment of the remaining half. "We hope to once again deliver superior returns to our investors when the divestment comes up in October 2011," Mulye said.

That's a formidable track record that Mulye is heavily banking on.

Vishakha Mulye: A brief profile

* A chartered accountant, she joined ICICI in 1993.
* Key member of the team responsible for ICICI's NYSE listing in 1999.
* In 2001, she headed ICICI's structured finance business
* Led the team that planned and executed the merger of ICICI and ICICI Bank in 2002. As part of the strategy to generate the liquidity required for the merger to meet regulatory liquidity ratios, she developed structures for sale/ securitization of ICICI's loan portfolio and generated investor interest in these products.
* From 2002 to 2005, she was responsible for the bank's structured finance and global markets businesses, and its financial institutions relationships. She is credited with being a key driver and enabler of the debt securitization market in India for retail and corporate business.
* From 2005-2007, she was the CFO of ICICI Bank and her responsibilities included planning & strategy, treasury (including proprietary investing in equity & fixed income markets), risk management, corporate communications, investor relations and financial reporting. Under her leadership, the bank raised close to US$ 7 billion in equity capital and several billion dollars of debt financing.
* She led landmark fundraising deals like ICICI Bank's US$ 5 billion equity offering in 2007, and the first hybrid capital issuance by an Indian bank [ Get Quote ] in 2006.
* In 2006, she negotiated and executed ICICI Bank's acquisition of another private sector bank in India. During this period, one of her key responsibilities was monetization and value extraction from the Bank's portfolio of long-term non-strategic investments across several sectors
* In October 2007, she was elevated to the board of ICICI Bank's general insurance subsidiary as the number two to the CEO
* Was selected as a 'Young Global Leader' for the year 2007 by the World Economic Forum and named one of the "Most Powerful Women in Indian Business by Business Today. She was awarded the India CFO Award, 2006 instituted by IMA

Intraday Calls July 30 2009

noreply@blogger.com (agarval) — Wed, 29 Jul 2009 21:14:34 PDT

BALRAMCHIN ( Balrampur Chini Mills Ltd )
Action Trigger Price Stop Loss Target-1 Target-2
BUY ABOVE 118.5 114.2 122 126
S.SELL BELOW 113.5 115 111 105

SAIL ( Steel Authority Of India )
Action Trigger Price Stop Loss Target-1 Target-2
BUY ABOVE 172 170 177 185
S.SELL BELOW 169 171 164 156

DLF, Reliance Communications -Intraday Calls, Tips

noreply@blogger.com (agarval) — Tue, 28 Jul 2009 21:00:51 PDT

The near-term outlook remains positive as long as DLF trades above Rs 412. We recommend a buy with tight stop at Rs 412.

We recommend a buy in Reliance Communications with tight stop at Rs 282.

Company	LTP (Rs)	Support 1	Support 2	Resistance 1	Resistance 2
DLF	426	412	400	438	450
RComm	290	282	273	298	307

*Last Traded Price

The analysis and opinion expressed in these columns are based on the technical analysis of the past price behaviour. The stop-loss level provided with the recommendation is important. The original view would stand negated if the stop-loss level is breached. There is a risk of loss in trading

In a buy recommendation, the supports would be the targets and the nearest resistance would be the stop loss; The recommendations would be valid for todays trading only. LTP - Last traded price.

Stock Market Calls -July 29 2009

noreply@blogger.com (agarval) — Tue, 28 Jul 2009 20:54:02 PDT

29, July 2009

Source	Company	Action	Target (Rs)
Business Line	DLF	Buy	-
Business Line	RComm	Buy	-
Business Line	Infosys	Sell	-
Business Line	SBI	Sell	-
Business Line	ICICI Bank	Sell	-
Sushil	Greaves Ltd	Buy	175
Sushil	Time Technoplasts	Buy	60
Sushil	IDFC	Sell current levels	-
Business Line	Birla Corporation	Buy	-
Business Line	UltraTech Cement	Buy	-
Business Line	Tantia Constructions	Buy	-
Sushil	SBBJ	Buy	500
Sushil	Divis Laboratories	Buy	1490
Sushil	Indoco Remedies	Buy	275
Business Line	IBN18 Broadcast	Hold

SENSEX Day Trading Calls July 28 2009

noreply@blogger.com (agarval) — Mon, 27 Jul 2009 21:27:42 PDT

28, July 2009

Source	Company	Action	Target (Rs)
Business Line	DLF	Sell	425
Business Line	Reliance Capital	Sell	920
Business Line	RComm	Sell	290
Business Line	RIL	Sell	2013
Sushil	SBBJ	Buy	500
Sushil	Divis Laboratories	Buy	1490
Sushil	Indoco Remedies	Buy	275
Sushil	Greaves Ltd	Buy	175
Sushil	Time Technoplasts	Buy	60
Sushil	IDFC	Sell current levels	-
Business Line	Birla Corporation	Buy	-
Business Line	UltraTech Cement	Buy	-
Business Line	Tantia Constructions	Buy	-
Business Line	IBN18 Broadcast	Hold	-

Sensex has resistance at 15500: Anagram- July 28 209

noreply@blogger.com (agarval) — Mon, 27 Jul 2009 21:09:43 PDT

Most global markets are consolidating and moving sideways, just like our market movements yesterday. News about earnings will drive prices in the short term. Real estate, home financer, CBM explorer, road repair contractors got a booster dose from FM yesterday.

US Treasury is scheduled to auction a record $ 235 billion government paper this week, and stock markets are paying attention. What kind of increase in yield such overwhelming supply brings in and what kind of oversubscription it attracts will determine where the market moves this week.

Ahead of monetary policy, banking counters looked nervous, though nothing by way of rate tweaking is expected from the policy. Sensex has resistances at 15500 and 16000 levels.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

FM introduces tax benefits, says 8% GDP growth possible

noreply@blogger.com (agarval) — Mon, 27 Jul 2009 21:08:32 PDT

Finance Minister Pranab Mukherjee did not make any major changes to the finance bill of 2009, but has still tried his best to ensure that sector specific stimilus measures stay in place as much as possible. CNBC-TV18’s Siddharth Zarabi reports that there is a continued emphasis by the finance minister on infrastructure especially housing.

India

can go back to 8–9% gross domestic product (GDP) growth, Finance Minister Pranab Mukherjee said, in an address to the Parliament. For the target to be achieved, the country needed at least 4% farm growth, the minister said. He added that India did not need policies that discouraged domestic savings.

Pointing out that the various stimuli packages the government introduced last year cost the state Rs 2.14 lakh crore, Mukherjee added that the government would use more measures to boost the GDP growth.

The FM also announced a slew of changes of tax measures that included a 1% subsidy on home loans up to Rs 10 lakh, when the overall cost of the house does not exceed Rs 20 lakh.

Here are the other changes that the FM announced:

- Tax benefit for commercial production extended under NELP IV extended for CBM

- Sunset clause for industrial parks extended by two years till March 31, 2011

- Service tax amendments and notification to be operational only from Sep 1, 2009

- Govt to introduce Direct Tax Code Bill in the winter session of Parliamen

Bankers differ on rate cut at today's credit policy meet

noreply@blogger.com (agarval) — Mon, 27 Jul 2009 21:07:18 PDT

The Reserve Bank of India will announce its Credit Policy today. A CNBC-TV18 poll reveals that most bankers, economist, and market participants expect the central bank to keep rates unchanged. They also expect a status quo on GDP and inflation forecasts. So, will RBI surprise the street and tweak rates or w
ill it be yet another status quo policy?

Gaurav Kapur, Senior Economist, ABN Amro Bank, feels there is room for another 25 basis points cut in interest rates. He expects the central bank to perhaps revise its credit growth target a little lower.

However, Hitendra Dave, Head Global Markets, HSBC India, feels rates will remain unchanged for most of this calendar year. "In all probability, it will remain unchanged up to the end of this financial year."

Chanda Kochhar, MD and CEO, ICICI Bank, said, "In the current scenario, it is important that we continue to maintain stable levels on liquidity. I think we have arrived at a good stable level here. As long as we don't disturb the equilibrium, I think that's going to be good for our system."

Naina Lal Kidwai, General Manager and Country Head, HSBC India, said, “Things will be left as they are because there is a line of sight for this liquidity being sucked up and by leaving liquidity in the system it begins to force banks to look at how to deploy it. So the risk aversion which had come through, don't forget that we have come through a very rocky year and a half and it takes time to build confidence. When you have the money and it is not giving the return you are seeing the pressure on the bottomline the desire to actually lend it has to happen and it will happen.”

OP Bhatt, Chairman and Managing Director, State Bank of India, said RBI would set its inflation estimate for the year-end at around 5%. “If you ask me whether the RBI is going to tinker with any rates, my own sense is that they have held on to these rates for quite sometime so they won't change rates now.”

Here is a verbatim transcript of the exclusive interview with Gaurav Kapur and Hitendra Dave on CNBC-TV18. Also see the accompanying video.

Q: Do you agree it will be a status quo policy?

Kapur: By and large I agree. On rates, I am on the side which is expecting a bit of action. I think there is room for another 25 basis points. To my mind, this is the right time to do it, given the fact that you are building up and setting the right stage for a stronger recovery in the second half. Whatever improvement we have seen in the economic conditions in Q1 so far, have been characterized with a fairly anaemic improvement in demand conditions. You see exports are still contracting. I think bank credit growth offtake has improved a little bit, but growth is actually falling. It is about 16% now. I am expecting RBI to perhaps revise its credit growth target a little lower. You get into the second half of the year with a stage set where you have ample liquidity and you have rates which are stable. From the RBI side, they have to show a commitment to maintain rates stable because at this point in time given the kind of massive borrowing program that you have, there is an upward bias building up on rates. Timing wise, this is a good time for him to consider a cut if at all.

Q: This is more of a vestige which is meant for an agrarian economy. Do we need to focus so much on it or RBI has been pretty dynamic about where to cut and when to increase or decrease CRR? Should this be really looked at the fact that it is just by and large a custom and you are going to deal with it, but that’s all it is?

Dave: We have seen in the last two years or so that RBI responds intra meeting also if the situations would merit. Given the flux that global and local economies have been in the last six-eight months, this is one forum where the market participants get to hear from the RBI about their assessment because between April and now, a lot of the situations have been changed. The world is looking a lot different today. The same is true for the local economy also and also for liquidity or asset markets. While RBI has shown a tendency to take decisions as and when required, this really allows the market to understand what RBI’s assessment are of the macro variables like GDP etc.

Q: Therefore, what will you watch out for? What is the key thing in the policy, since you said you were to understand the mind of RBI? What’s your view of rates say from now to December 2009?

Dave: I think we remain unchanged for most of this calendar year and in all probability up to the end of this financial year also.

Q: I mean bond yields

Dave: Till September or so, I think bonds will remain under a fair amount of pressure. Prices will remain under pressure, which means that yields will have a tendency to go up. Even with all the liquidity that is there in the system, I am finding it very difficult to see what would encourage bond market participants to continuously buy at the rate of Rs 10,000-Rs 13,000 crore per week on a weekly basis. So, bond yields have a tendency to go up. I don’t think the spike up has been too much because the liquidity availability and the fact that the yield curve is so steep that it will provide the buffer on the other side. My guess is that it will trade in a wide range of 6.75% to about 7% on the downside and up to 7.4%-7.50% on the upside.

Q: What would you watch out for?

Dave: The most important thing would be a reiteration of commitment to maintain very comfortable liquidity conditions and how they articulate it. It is important for the bond market, but it is equally important for the normal bank and traditional loan markets. Banks will essentially need to get comfortable with the fact that you lend outright now. We don’t take a very short-term view for current liquidity. This is how it will be maintained for the month going forward, so that’s the one signal. The other would be how much weightage is assigned to the exit strategy, is it just mentioned in passing or is there a lot of time spent on that to give the weightage between an accommodative stance and the possible withdrawal of the accommodation.

Q: If things are improving, the RBI may leave the rates or bring them down a little bit more. But the fact of the matter is that you may end up with excessive liquidity in the system. The yield curve may do very different things than what the RBI is doing. How do you reconcile that and what do you think finally happens, the bond market is going to behave as it sees, liquidity, pressure on money, how do you see these two reconciled at this point?

Kapur: RBI’s job this year besides supporting growth is to ensure stable interest rates. That’s where I think this whole issue of maintaining liquidity at these levels comes in. I don’t think they have much levy in terms of removing liquidity at least in the six to nine months. Given the kind of the massive borrowing program we have this year for both the Centre and states, bond markets will time-to-time find it difficult to absorb this kind of supply. From the RBI’s perspective, they need to ensure that they maintain fairly comfortable and benign environment for interest rates and ensure that the supply of bonds which is there is absorbed by the market without any pressure on rates. You also have to think of the second half, if bank credit offtake really picks up in line with what you have seen, which is a fairly decent improvement in the economy in this quarter, then you will have a conflict between demand for bonds or some pressure coming in from bond rates for demand for bonds and bank credit growth.

Divestment: India's new financial mantra?

noreply@blogger.com (agarval) — Tue, 21 Jul 2009 21:01:55 PDT

Presenting the Union Budget in Parliament on July 6, Finance Minister Pranab Mukherjee proposed estimated divestment proceeds of Rs 1,120 crore for 2009-10, while only a few days before that the Economic Survey had suggested that the government needed to raise Rs 25,000 crore every year by divesting its stake in state-run companies.

The response to depressing announcement in the Budget was swift and sharp: the stock market fell like a stone and lost 869 points and hundreds of crores of rupees in investor wealth.

"Public sector undertakings are the wealth of the nation, and part of this wealth should rest in the hands of the people. While retaining at least 51 per cent government equity in our enterprises, I propose to encourage people's participation in out divestment programme," the finance minister had said.

Two days after the Budget, the market however started to recover as buzz of divestment began to do the rounds. It was thought that the finance minister had tactically kept divestment a low-key affair in his Budget proposals so as to keep trade unions and others who oppose divestment of PSUs at bay.

The talk currently is that investors could look forward to divestment in NMDC (earlier known as National Mineral Development Corporation), Rail India Technical and Economic Services, Cochin Shipyard Ltd, Manganese Ore India Ltd, Telecommunications Consultants India Ltd, Rashtriya Ispat Nigam Ltd, Satluj Jal Vidyut Nigam Ltd and some other public sector enterprises.

But just what is divestment?

In finance and economics, divestment or divestiture, is the opposite of investment. It means reduction of some kind of asset for either financial or ethical objectives. In this particular case, it refers to the government diluting its stake in some public sector companies, since the argument has for long been that governments should be in the business of administration and not in the business of business.

TCS bags second deal from Volkswagen

noreply@blogger.com (agarval) — Mon, 20 Jul 2009 20:54:30 PDT

Tata Consultancy Services has bagged an IT outsourcing contract to service automaker Volkswagen in Germany, according to a top company official.

According to the contract, TCS is to develop new applications that would help VW reduce the time to market its new cars and better the car buying experience for the customer.

This is the second engagement that TCS has bagged from the German company; earlier this year, it bagged a five-year IT outsourcing deal with Volkswagen (VW) Group UK.

The new contract has been signed with Volkswagen AG, the parent company of the Volkswagen Group.

"It is a new piece of development work which is specifically targeted at the new products that VW intends to launch. This initiative also gives its customers the ability to configure their online needs," A.S. Lakshminarayanan, Vice-President & Head-Europe of TCS, told Business Line.

However, he did not give financial details of the pact.

The company is developing applications for this contract at its centres in Germany .

Lakshminarayanan said that the deal had already gone 'live'.

TCS has other high profile auto clients such as Ducati and Ferrari in Europe.

Sensex Intraday Calls July 20 2009

noreply@blogger.com (agarval) — Sun, 19 Jul 2009 21:40:21 PDT

ICICI Bank Ltd.

Action:

Buy, stop loss Rs 734

Date:

Jul 20, 09

Target:

760

Source:

Simi Bhaumik

Kajaria Ceramics Ltd.

Action:

Buy, stop loss Rs 35

Date:

Jul 20, 09

Target:

Source:

Anil Singhvi

Steel Authority of India (SAIL) Ltd.

Action:

Buy, stop loss Rs 163

Date:

Jul 20, 09

Target:

176

Source:

Simi Bhaumik

Praj Industries Ltd.

Action:

Hold, stop loss Rs 70

Date:

Jul 17, 09

Target:

100

Source:

Rajesh Jain (SMC Global Securities)

Ganeshaspeaks: Market prediction for July 20

noreply@blogger.com (agarval) — Sun, 19 Jul 2009 21:14:31 PDT

By Bejan Daruwalla, GaneshaSpeaks.com

The predictions for every phase must be considered in comparison to the predictions for the previous phase.

Take decisions only after going through the current and penultimate predictions thoroughly, so that you can maximise gains and minimise losses.

Ganesha advises you to avoid trading in the first and last 15 minutes during this week.

These predictions are written beforehand, so if you want to get predictions well in advance, mail us at stockmarket@ganeshaspeaks.com

From 9:55 to 10:10, Nifty may open from the downward side or around the surface.

From 10:10 to 11:00, Nifty may tend to inch upwards, but only Ganesha knows by how many points.

From 11:00 to 11:20, Nifty may witness corrections. It's a small phase, so don't blame Ganesha if the same does not happen.

From 11:20 to 13:20, you may witness strength in Nifty.

From 13:20 to 15:30, Nifty may make you play. Nifty may march upward when the trend is positive and downward when the trend is negative. Hence, Ganesha advises you to be alert during this phase.

Stock Tips 20 July 2009 Simi Bhaumik

noreply@blogger.com (agarval) — Sun, 19 Jul 2009 21:12:16 PDT

Sensex Stock Tips 20 July 2009

Satyam Computer Services Ltd.

Action:

Buy, stop loss Rs 87

Date:

Jul 20, 09

Target:

94.5

Source:

Simi Bhaumik

Stock to watch for next week -July 2009

noreply@blogger.com (agarval) — Sun, 19 Jul 2009 21:10:09 PDT

Following are the stocks to watch out for next week as discussed by Rahul Mohindar of Viratechindia on CNBC-TV18.

On HDFC Bank and SBI

Mohindar told CNBC-TV18, "I really wouldn’t say that after this kind of a move, I would put my money into SBI particularly for short term, I agree if you are looking at this market three or six months, that call could be very different and you might be entering in a staggered way from here."

He further added, "HDFC Bank still looks very good as from a short and medium term count, there I think about Rs 1,455 is some resistance but lets say if we get through that, we could see a good 200-300 point kind of move, so short to medium term, I think within banking, I would probably like to watch HDFC Bank."

On Bharti Airtel

Mohindar told CNBC-TV18, "Its heartening to see the volumes, those formations are on the positive side. In fact in the entire sector, we think Bharti could continue to perform and probably safe bet from a medium term frame."

He further added, "In the short term, if the index is lets say moving another 2% or so which I am expecting and then getting some resistance for the short term, keeping that in mind, I don’t think these are trades you want to take for lets say a day or two but you could kind of use any downfall to accumulate into the stock, so keeping a horizon of even a month or two is still worth it if you are considering that frame."

On Rolta and Satyam

Mohindar told CNBC-TV18, "Today, it has been a very good move for the Satyam, we have been bullish on the technology sector as a whole, this stock is probably heading to about Rs 94 and again it’s a short term move which is seen visible here, but within this sector, I think I would probably go to a stock like Rolta which seems to have broken out today for a target of about Rs 142, that would be a preference."

On ONGC and Midcap

Mohindar told CNBC-TV18, "There are a couple of stocks which look good, in the frontliners, something like ONGC looks good to me, some in midcap like Cairn, Rolta, these are some stocks which I probably would like to roll on home."

He further added, "On the Nifty side, we have had quite a stretched move over the last 4-5 days, so somewhere a breather could come in so probably atleast I would exit 75% of my Nifty longs and look at a reentry somewhere lower down wherever we get that breather."

On Banking and Auto

Mohindar told CNBC-TV18, "Autos is in the finest form, I definitely think banking is not certainly far behind, its just that a lot of traders have actually bought into the stocks but if you are looking at this market from not just a trading perspective, maybe banking is a safer heaven, if you look at ICICI Bank or HDFC Bank, these seem to be a smart pick at these levels or even for that matter a frontline heavyweight like SBI, medium term perspective look fairly steady on these so look at this sector for a medium term scale a three month plus timeframe and one should be doing well."

Daily Trading Calls

Financial planning after the Budget

noreply@blogger.com (agarval) — Sun, 05 Jul 2009 20:59:27 PDT

There are always a lot of expectations surrounding the Union Budget, but for individuals there is an additional challenge. A lot of the changes take effect from different dates and times. This calls for some preparation, so that the changes can be put into effect smoothly.

BUDGET CHANGES

There are three type of changes that are evident in a Union Budget, especially one presented in July, which is after a few months have passed in the financial year. Several changes in such a situation are retrospective, taking formal effect from the beginning of the financial year.

This will mean going back in time for individuals in their effort to ensure a proper working. Other changes are implemented right away and this will, in most cases, come into effect from the next day. There are other changes that will come into effect only when the budget is passed and a particular date announced for implementation.

REWORKING THE YEAR

One major change often witnessed is in the rates and/or slabs of income tax. In case of change of slabs, these are done in either of the two ways. One is the change in the basic exemption limit, currently at Rs 150,000 for males below 65 years of age, Rs 180,000 for women below 65 years and Rs 225,000 for senior citizens. If this figure is changed, the entire tax working changes.

The other way is that the income where a specific rate is present is also changed. For instance, the 10 per cent slab currently runs from Rs 1.5-3 lakh and could be changed to a higher level or some other slab, like the 10 per cent surcharge for net income above Rs 10 lakh could be changed. All these changes will be in effect for the financial year 2009-10 and hence would be valid from the beginning of April 2009.

In several cases the tax working and the proposed investment decision, especially for the salaried, has already been done in the first couple of months and this would require a revised working. For example, a change in the tax slabs with a higher benefit can result in a lower tax burden.

In case of the salaried, who have to submit the declaration on their proposed investments, this will impact the tax that would have to be paid over the change. This would require a complete reworking of the entire figure for the year and a back calculation from the start of the financial year would be essential.

IMMEDIATE IMPACT

The budget is a time when several changes can take effect immediately. One area where this often happens is the small savings area. The situation here is usually similar to the one witnessed in case of indirect taxes like excise, which come into effect from midnight and hence there is an immediate impact.

These rates are also usually changed from the next day. In case the rates actually go down, there are just a few hours left for the individual investor to ensure that they can take the benefit of the older high rates. If the same investment is done a day later, then the new rates will be applicable.

If the rates actually rise, then it would be better to wait but where the expectation is of a fall, then immediate action might be required. This would include schemes like the National Savings Certificates (8 per cent), Post Office monthly income scheme (8 per cent, with 5 per cent bonus on maturity), Post Office time deposits (6.25-7.5 per cent) and so on. If adequate preparation is done, a quick reaction is possible for the investor, depending upon the nature of the change.

FUTURE IMPACT

There are also situations where adequate time is available and there is no need to rush things. A common example is the tax deduction at source that takes place in several areas like professional fees and other payments like interest, rent and so on.

If there is any change in the rate of tax deducted at source, then this change usually comes into effect at a future date, after the budget has been actually passed. In such a situation, the individual has to see when the change is actually occurring.

For example it could be that a specific TDS change comes into effect from August 16. The change in the entire calculation and other working would have to take place accordingly, so that there is clarity when it comes to dealing with the actual issue some time down the line. The main point here is that the changes will be effective only in the future and will not impact the situation till that specified date.

Pranab's Interim Budget

noreply@blogger.com (agarval) — Sun, 05 Jul 2009 20:56:30 PDT

What clues does Pranab's Interim Budget hold for today?

As the country gears up for Budget 2009, Moneycontrol revisits the Interim Budget presented by Finance Minister (FM) Pranab Mukherjee in February this year. The Interim Budget, which was presented just before the country went into general elections, possibly set a tone to what might be achieved if the UPA government were to return to power. So as the FM rises to make his full budget speech today, let us look at a possible trail that the Interim Budget left behind, which may be retraced today.

One of the key focus areas of the interim budget was investment in infrastructure. Accordingly, the Government had decided that India Infrastructure Finance Company Ltd. (IIFCL) would refinance 60 per cent of commercial bank loans for PPP projects in critical sectors over the next eighteen months or so. For this purpose, IIFCL had been authorized to raise Rs 10,000 crore in the market by the end of March 2009. An additional Rs 30,000 crore was allowed to be raised if required. Mukherjee had said in his speech,"Combined with the steps we are taking to increase public investment in infrastructure, this will provide a big boost to such investment."

A possible way for increasing public investment in infrastructure is to allow tax sops for investment in infrastructure companies. This is in line with pre-budget expectations of most experts who expect the tax deduction limit under section 80C to be increased from the existing Rs 1 lakh in order to accomodate specific sops for infrastructure investment. As tax expert Subhash Lakhotia points out, "Tax payers should be granted higher deduction and exclusive deduction in respect of investment in infrastructure bonds. This will boost infrastructure investment. It is expected and it is felt that a large sum of money can be gathered by the government for the development of infrastructure in the country by providing a special tax benefit by way of an exclusive deduction under section 80C for investment in special infrastructure bonds."

In his interim budget speech, Mukherjee had said, "The favorable economic environment created by the reforms of 1990s gradually inspired the confidence of foreign investors in our economy, leading to rise in capital inflows. India has evolved a liberal and transparent policy for Foreign Direct Investment (FDI). Except for a small negative list, FDI is allowed mostly on the automatic route. To provide an impetus to foreign investment in India, guidelines are being further simplified and made homogenous and consistent across various sectors."

Increasing FDI in insurance is something that has been long talked about. And experts across the industry are looking forward to action on that front. As Ajay Bhimbhet, MD Of Royal Sundaram Insurance puts it, "A higher foreign direct investment (FDI) will unshackle the insurance industry and drive growth and long-term development, enrich the business by bringing world-class business practices and processes, expand distribution capabilities and deepen market penetration.Over Rs 10,000 crore of foreign capital could flow into the country if the government were to pass the Insurance Amendment Bill that raises the FDI limit."

The FDI is currently 26 per cent and industry experts are hoping that it would be increased to 49 per cent.

"Extraordinary economic circumstances merit extraordinary measures." With that, the FM had, in the interim budget, set a tone for what ought to be done by the new government. He said that the UPA government had decided to relax the FRBM targets, in order to provide the much needed demand boost to counter the situation created by the global financial meltdown. And that it was up to the regular budget to consider additional fiscal measures, depending on the response on the response of the domestic economy.

Some serious attention to FRBM can therefore be expected from this budget and disinvestment is what most experts are talking about. The economic survey too had several recommendations with respect to disinvestment. It set a target of Rs 25,000 crore per year for disinvestment. The key points: offloading at least 10% equity by listing unlisted PSUs and auctioning off loss-making ones.

Apart from this the FM stuck to UPA's aam aadmi mandate and promised to further the 'inclusive' growth agenda. whether the budget will actually deliver on these is something we will know on July 6.

UNION BUDGET 2009 Highlights

noreply@blogger.com (agarval) — Mon, 06 Jul 2009 02:19:30 PDT

Govt plans to bring back economy to high growth of 9%

* GDP growth dipped to 6.7% in FY'09

* FM to make pre-budget talks with state FMs annual affair

* Fiscal deficit up from 2.7% to 6.8% of GDP

* Return to fiscal prudence at the earliest

* 'Aam admi' is focus of all programmes and schemes

* IT exemption limit raised; Rs 50,000 for Sr.citizens

* Limit raised by Rs 10,000 for tax payers, including women

* 10% surcharge on personal income tax scrapped

* Fringe Benefit Tax abolished

* No change in corporate tax

* Defence gets Rs 1,41,703 cr, up 34%

* Total fiscal stimulus in 2008-09 amounts to Rs 1,86,000 cr

* IIFCL to evolve mechanism for increased funding of infra

* IIFCL to re-finance commercial bank loans up to 60 per cent in critical projects through PPP to tune of Rs 1,00,000 cr

* Allocations for highways being stepped up by 23 per cent

* Funds for housing, amenities for urban poor up Rs 3,973 cr

* Funds for JN Urban Renewal Mission up 87% to Rs 12,887 cr

* Assistance for storm-water drainage project up by Rs 300 cr

* Farm credit target up at Rs 3,25,000 cr from Rs 2,87,000 cr

* Interest rates incentive to farmers to repay loans on time

* Additional Rs 1,000 crore for accelerated irrigation scheme

* Export Credit Guarantee scheme extended till March 2010 * 2% interest subvention (IS) scheme extended till March 2010

* IS scheme to cover 7 job-oriented sectors, including textile, handicrafts and handlooms.

* Commodity Transaction Tax abolished

* New pension system trust exempted from STT; DDT

* Minimum Alternate Tax hiked to 15% from 10%

* Tax holiday on petro sector extended to natural gas

* 100% tax deduction on political donation * Stimulus for print media for another six months * Fertiliser subsidy to be nutrient-based, not price

* Expert Grp to form viable pricing for imported petro goods

* Banks and insurance firms to remain in public sector

* Rs 100 cr one-time grant to expand banks in unbanked areas
* Govt committed to provide Rs 100 a day as wages under NREGA

* Allocation of Rs 39,100 cr to be made for NREGA

* NREGA coverage increased to 4.74 crore households in FY'09

* Work National Food Security scheme has begun

* Allocation for Bharat Nirman being raised by 45 per cent

* Rs 2,000 cr rural housing fund under National Housing Bank

* Mission for female literacy with focus on minorities, SC/ST * 50% of all rural women to be brought into SHG programmes

* Full interest subsidy for students in select institutions

* Five lakh students to benefit

* Modernisation of national exployment exchanges

* Action for social security to unorganised sector workers

* New pension benefits for 12 lakh jawans and JCOs from July

* One lakh dwelling units for paramilitary forces personnel

* Unique Identification Card to citizens in 12-18 months

* Provision of Rs 120 crore for UIC project

* Rs 2,113 crore allocated for IITs and new IITs

* Rs 3472 cr for Commonwealth Games from Rs 2112 cr

* Customs, excise and service tax base rates unchanged

* For Indira Awas Yojana, allocation increased 63%

* IT returns to be made simpler

* 8 missions being launched under Plan on climate change

* Allocation for market development assistance scheme up 148%

* Allocation for Rural Health Mission raised by Rs 257 cr above interim budget

* Rs 500 cr for rehabilitation of Sri Lankan Tamils

* Rs 1,000 cr for infrastructure in cyclone-hit area in WB

* Total expenditure crosses Rs 10 lakh cr for first time

* Share of direct taxes in revenue increased to 56% in FY'09

UNION BUDGET 2009 LIVE STREAMING

noreply@blogger.com (agarval) — Mon, 06 Jul 2009 02:06:14 PDT

UNION BUDGET 2009 LIVE

Union Budget 2009-2010
New Delhi, India

Live Webcast of the Hon'ble Finance

Minister's Union Budget Speech in Parliament

06/07/2009 at 11:00 AM IST

UNION BUDGET 2009 LIVE

Webcast by
National Informatics Centre

Live Text : Union Budget Speech in Parliament

Mobile phones to be costlier
LCD, Footwear, set-top boxes to be cheaper
Tax holiday extended for production of natural gas
Custom duty on set-top boxes at 5%
Political funding to get 100% tax deduction

UNION BUDGET 2009 Highlights

source : timesofindia