liv n let liv..............: Do you know..............

liv n let liv..............: Do you know..............: " $ 462000000000 which is about Rs 20,00,00,00,00,00,0,000 is the value of INDIA's total black money held abroad.................."

Do you know..............

       $ 462000000000 which is about Rs 20,00,00,00,00,00,0,000  is the value of INDIA's
       total black money held abroad...................

•      $40%  total illicit money against GDP
•      11.5% annual  growth of illegal finances exiting India
•      $16 billion India loses per year from 2002-2006

    Rs.  176,00,00,00,00,00,00,00,000 is the scam amount of 2G according to CAG

    

Rs. 5,00,00,00,00,00,00,00,000

 is the GDP of INDIA
now you can only estimate how corrupted INDIAN politics is.................................................

cash flow of India

Post independence, India lost a staggering $ 462 billion in illicit financial flows due to tax evasion , crime and corruption, a research and advocacy group said in a report today. The report, The Drivers and Dynamics of Illicit Financial Flows from India: 1948-2008'', released by Washington-based Global Financial Integrity (GFI) found that the faster rates of economic growth since economic reform started in 1991 led to a deterioration of income distribution which led to more illicit flows from the country. 

According to the primary findings of the report from 1948 through 2008, India lost a total of $ 213 billion in illicit financial flows (or illegal capital flight). These illicit financial flows were generally the product of: tax evasion, corruption, bribery and kickbacks, and criminal activities. 

"The present value of India''s total illicit financial flows (IFFs) is at least $ 462 billion. This is based on the short-term US Treasury bill rate as a proxy for the rate of return on assets. 

India''s aggregate illicit flows are more than twice the current external debt of $ 230 billion," the report said. "This report puts into stark terms the financial cost of tax evasion, corruption, and other illicit financial practices in India," said Global Financial Integrity director Raymond Baker. 

"It also shows that these illicit outflows contribute to stagnating levels of poverty and an ever widening gap between India''s rich and poor," he said. From 1948 through 2008 the Indian private sector shifted away from deposits into developed country banks and moved more of its money into offshore financial centres (OFCs). 

The share of OFC deposits increased from 36.4 per cent in 1995 to 54.2 per cent in 2009, the report said. "In this report we clearly demonstrate how India''s underground economy is closely tied to illicit financial outflows," said, GFI lead economist and report author, Dr Dev Kar. 

"The total present value of India''s illicit assets held abroad accounts for approximately 72 per cent of India''s underground economy. This means that almost three-quarters of the illicit assets comprising India''s underground economywhich has been estimated to account for 50 per cent of India''s GDP (approximately $ 640 billion at the end of 2008)ends up outside of the country," Kar said.

liv n let liv..............: lets discuss about corruption india.............DO...

liv n let liv..............: lets discuss about corruption india.............DO...: "1- status of india................. India's path to progress is a walk on fire. Corruption has degraded India and has downgraded her stat..."

lets discuss about corruption india.............DO READ DIS........

1- status of india.................

India's path to progress is a walk on fire. Corruption has degraded India and has downgraded her status to 88 among the 110 most corrupted countries. Politicians shamelesly loot the country's resources for themselves and for their kith and kin. India is one of the backward countries as far as infrastructures, healthcar, education and poverty among the rural population. The vast pool of young talents are anguishing without any means to persue their studies. Child labour despite laws against it,is negative phenominen that no government is serious about. Those in the power function as a well organized group of bandits serving not the country or fulfilling the purpose of occupying a ministry, but are averaciously looking for opportunities to swindle, depriving the country and the people. Raja in the first place is not a qualified person to even step into parliament. Successive governments have not even spoken against corruption. Democracy, in India, makes her a paradise for criminals  2G licenses issued in the year 2008 at 2001 prices......................

2- 2G

Today raza resigned but do you know what he did..........

•    Raja insisted on 'first come-first served' policy
•    9 companies got licenses for nearly Rs. 10, 800 crore
•    Some firms sold partial stakes for much higher rates
•    CAG: Govt lost between Rs. 1.4 & 1.76 lakh crore
•    CAG: Raja ignored advice of Law, Finance ministries

3- CWG

The best opportunity which INDIA got ti's presence in world .....................

The Suresh Kalmadi-led Commonwealth Games Organising Committee (OC) may have some more explaining to do. A scrutiny of the final inventory and price list of several “overlays” — movable fixtures and fittings for venues and stadia — hired from four foreign firms reveals major anomalies.

The total cost of hiring these “overlays” is over Rs 600 crore and the inventory list shows several cases where there is a huge price differential for the same item.

The overlays include first-aid kits, water dispensers, lecterns, office stationery, staircases, bookshelves, curtains, doormats, barricade golf carts, fire extinguishers and emergency lights.

Consider:

* After a bidding process, the OC selected four foreign firms for their mega turnkey deal and, as it now transpires, while one vendor, Nussli of Switzerland, for instance, is charging Rs 187 for renting out each “liquid soap dispenser,” another firm, British consortium ESAJV, is charging Rs 9,379 for the same item. While the Hong Kong-based Pico Deepali Overlays Consortium is charging the OC Rs 2 for a single disposable glass, the ESAJV consortium is charging India Rs 37 per glass.

* All the hired items were split into seven operational “clusters” covering all the 60 venues of the Games. Each cluster is made up of specific stadia and venues.

* For instance, a 82.5 KVA generator set is hired by OC for Rs 4.65 lakh from Pico Deepali. A generator of the same specifications was hired from Nussli for Rs 14.58 lakh.

* There is a difference of almost Rs 60 lakh for hiring a single public display system of identical size and pitch between Pico Deepali and ESAJV with several such systems being hired for a single 

I have a small question. Why are these movable fixtures and fittings for venues and stadia are hired from foreign firms? Why can't Indian produce be used at the first place. I did not understand the basic cause. I feel even Rs. 187 is too high just for hiring a liquid soap dispenser. I guess if we paid Rs.187 to any Indian production firm for producing a liquid soap dispenser, they would make a real good one and if they did not know where to dispose it after the games were over, they can always re-sell it to seconds shops and be used by Indian public at lower cost. The only thing that should have taken a little effort was to monitor the quality of production..............

4- Do you know friend

what swiss bank director says indians are poor but india is not a poor country'........................

he says that Rs 280  crore of indian money is deposited in swiss bank which can be used for taxless budget for next 30 years, can give 60 crore job to all indians , from any village to delhi 4 lane roads, forever free power supply to 500 social projects every citizen can get monthly Rs 2000 for 60 years,No need of world bank & IMF loan.

 Think  how our money is blocked by rich politicians ..........................................

Manish Singh

liv n let liv..............: What is to be done on children's day.................

liv n let liv..............: What is to be done on children's day.................: "On Children's Day i.e. Sunday, here's a precious gift idea for kids -- start making yourself more financially responsible.Given the increas..."

What is to be done on children's day...............

On Children's Day i.e. Sunday, here's a precious gift idea for kids -- start making yourself more financially responsible.

Given the increasing demands on our money and growing complexity about how best to use and invest it, financial experts suggest teaching children about the importance of money from an early age.

You should be  competent in managing their money when they grow up so they avoid big financial mistakes.

Experts say you should start learning about the value of money and savings even when you are young as five years old. The sooner you become financially savvy and wise investors, the better your chances of becoming millionaires by the time they retire.

Here are some tools to guide you. 

. Do what you say

Before you teach your youngster anything, make sure you follow this principle. You can't ask children to save and not demand very expensive toys, and then buy a very expensive mobile phone for yourself.

"One should lead by example," says L. Ravindran, a financial planner based in Bangalore. Remember, children learn a lot more from what they observe, rather than what they are lectured about.   

  

View Full Image

AFP/Getty Images

School children in New Delhi on October 1, 2010.

 Saving

Ironically, children learn the importance of saving as a byproduct of their intention to spend.

Let them know that if they want that big teddy bear which costs 1,000 rupees, they're going to have to save from their pocket money. If their target is too large, you might want to offer to pay half, so that it feels achievable to the child.  

They learn that by keeping small amounts aside for a long time, they can buy big things. More importantly, you might be surprised to see that they don't want to buy as many things as they would if they were not spending their own money!    

4. Rewards  

One way to teach children the value of money is to make them earn it. You might ask your child to do a chore, say helping clean the living room, and pay a small amount of money for it. The child might have an incentive to add that to his or her kitty.

"It helps them to get motivated," says Mr. Ravindran.

You should ensure, however, that you reward only special tasks and not routine tasks like children keeping their dishes in the kitchen, or brushing their teeth. 

Open a bank account

Consider opening a bank savings account for your child between the ages of seven and 11 years, says Mr. Ravindran. After that, deposit the child's pocket money in the account.

This is a great way to make children more financially independent, as they have to learn how to run the account. Through internet banking, they can keep track of their savings and expenditure from home.  

More important, when money is in the bank, it's harder to spend, says Ujjwal Kumar, a 14-year-old student in Dehradun who lives in a hostel, away from home.

Mr. Kumar says there's a hesitation in going to the bank to withdraw money, especially for spurious things like buying chips or going to the market. 

Debit vs credit

who might be in college and live away from home, the living expenses can be quite high. But that doesn't mean that parents should give them a credit card with unlimited spending.

These children should ideally have a bank account of their own, with a debit card.

"The amount of money available there should be restricted to pocket money plus living expenses," says Mr. Dhawan, the Mumbai financial adviser.

However, in case parents want to allow their children to access a large amount of money in an emergency, Mr. Dhawan suggests giving an "add-on credit card."

This is basically part of the parent's credit card, and should ideally keep the child from overspending.   

 Investing lessons

Once children have become old enough to grasp basic money concepts, say maybe after 15 years of age, you need to explain to them the power of compounding and investing.  

One hundred rupees invested today will become 200 rupees in around seven years, if it earns a 10% compounded interest rate.

The stock market would likely provide much higher returns. If young men and women start investing small amounts of money periodically today, they can easily be millionaires by the time they retire! 

Obesity is assuming alarming proportions in the city. In a startling finding, it was observed that every third child studying in a private school in the city is obese. Government schools also do not fare any better. The survey, which was conducted by the Diabetes Foundation of India and National Diabetes, Obesity and Cholesterol Foundation (N-DOC), on schoolchildren, came up with the finding that Delhi has the highest number of obese children as compared to other urban cities, including Mumbai, Ahmedabad, Lucknow and Jaipur. What is worrisome is that obesity puts these children at the risk of developing diabetes and doctors say strict measures to control diet are needed to check this.

"In the last three years, obesity among schoolchildren has increased from 9.8% to 11.7%. What's more, the prevalence of obesity in private schools has shot up from 11.6% to 17%,'' said Dr Priyali Shah, the chief project officer of Diabetes Foundation. She said the chief reason behind this is imbalanced diet and sedentary lifestyle of urban children. "We conducted the study on 19,000 schoolchildren in Delhi 13,000 students were from private schools and 6,000 students were from government schools. While a total of 32.6% children from private schools were found to be obese, the prevalence of childhood obesity among government school students was 9.6%. We found that food intake of these children was almost four times the recommended quantity,'' Shah said.

According to Dr Anoop Misra, director and head, department of diabetes and metabolic diseases, Fortis Hospitals, obesity in such children is likely to continue till adulthood. "About 70% to 80% of these schoolchildren are likely to remain obese till they are adults. There are chances that these children may get diabetes in their late 20s or 30s,'' Misra said. He added that parents are primarily responsible for not paying attention to their children's diets. It is imperative that they take corrective measures to prevent the disease from turning into an epidemic. "Mothers should prepare a healthy tiffin and insist that the child has lunch in school. At home, parents must check what their child eats. Taking children out for regular walks during evening or after dinner can help in controlling obesity,'' he said.

Researchers said the tendency to eat out and consume junk food like burgers, french fries, pizza and the colas was seen among both government school and private school students. "Interviews with teachers as well as parents showed they had limited knowledge about saturated fats. More than half of them did not consider butter as saturated data or samosa as junk food,'' said one of the researchers. He added that schoolchildren are mostly involved in indoor games and 47% children played for less than one hour

Pproud to be an Indian

Some of the following facts may be known to you. These facts were recently published in a German magazine, which deals with WORLD HISTORY FACTS ABOUT INDIA.
1. India never invaded any country in her last 1000 years of history.
2. India invented the Number system. Zero was invented by Aryabhatta.
3. The world’s first University was established in Takshila in 700BC. More than 10,500 students from all over the world studied more than 60 subjects. The University of Nalanda built in the 4 th century BC was one of the greatest achievements of ancient India in the field of education.
4. According to the Forbes magazine, Sanskrit is the most suitable language for computer software.
5. Ayurveda is the earliest school of medicine known to humans.
6. Although western media portray modern images of India as poverty-stricken and underdeveloped through political corruption, India was once the richest empire on earth.
7. The art of navigation was born in the river Sindh 5000 years ago. The very word “Navigation” is derived from the Sanskrit word NAVGATIH.
8. The value of pi was first calculated by Budhayana, and he explained the concept of what is now known as the Pythagorean Theorem. British scholars have last year (1999) officially published that Budhayan’s works dates to the 6 th Century which is long before the European mathematicians.
9. Algebra, trigonometry and calculus came from India. Quadratic equations were by Sridharacharya in the 11 th Century; the largest numbers the Greeks and the Romans used were 106 whereas Indians used numbers as big as 10 53.
10. According to the Gemmological Institute of America, up until 1896, India was the only source of diamonds to the world.
11. USA based IEEE has proved what has been a century-old suspicion amongst academics that the pioneer of wireless communication was Professor Jagdeesh Bose and not Marconi.
12. The earliest reservoir and dam for irrigation was built in Saurashtra.
13. Chess was invented in India .
14. Sushruta is the father of surgery. 2600 years ago he and health scientists of his time conducted surgeries like cesareans, cataract, fractures and urinary stones. Usage of anaesthesia was well known in ancient India .
15. When many cultures in the world were only nomadic forest-dwellers over 5000 years ago, Indians established Harappan culture in Sindhu Valley (Indus Valley Civilization).
16. The place value system, the decimal system was developed in India in 100 BC.
Quotes about India
“We owe a lot to the Indians, who taught us how to count, without which no worthwhile scientific discovery could have been made.”
– Albert Einstein.
“India is the cradle of the human race, the birthplace of human speech, the mother of history, the grandmother of legend and the great grandmother of tradition.”
– Mark Twain.
“If there is one place on the face of earth where all dreams of living men have found a home from the very earliest days when man began the dream of existence, it is India.”
– French scholar Romain Rolland.
“India conquered and dominated China culturally for 20 centuries without ever having to send a single soldier across her border.”
– Hu Shih (former Chinese ambassador to USA)