Greetings!!!!!!

Hello everyone...
How are you?
Hope all doing good!!!!

I got placement in ING Vysya Bank Limited(IVBL) as Manager, came home today after 25 days of training and till 8 months training left...

Feeling excited...

Good Night Sweet Dreams...

08th May, 2014 : Foreign Direct Investment

FOREIGN DIRECT INVESTMENT

Good Day. In our country, the economy is degrading due to the globalisation strategy. The merchants who are doing business in India are suffering a huge loss due to unconventional and stagnant products selling by the foreign market giants in our Indian market and in a high competitive situation.

People are more aware about the things happening in our economy, but still there is no change in the attitudes of the people. If people encourage the local products, they will improve their quality as well as standards. Unless we encourage, we’ll face problems of inflation.

Financial reforms are introduced by Smt.Indira Gandhi in 1990’s for a good cause, but we are spoiling our great Indian market by giving much importance to the foreign products. When people stops using foreign products, the alternatives will be visible, but there would be no such circumstances I think.

So, if we want to use foreign products, then buy those products from Indian merchants, as the last way. Do you agree? I think you would question me like “What is the difference?” If we buy those products from our local merchants who import from the foreign giants, they would get benefit. But, when the foreign giants established their manufacturing companies in our country, they would be helpful for many unemployed people, but it would be a great effect to the Indian Economy.

International Standards Organisation (ISO) is the statutory body which conducts several security tests for the products and fixes some values and ratings to those which would reach public. Indian market has a big value in ISO because of its imports. Super markets, bazaars and other giant stores are setting their marks in our country. This results in the decrease of poor Indian merchant’s business.

Mixed economy means where public sector and private sector works mutually and getting profits which results in the increase of purchasing power. Inflation comes when there is rise in price and decrease in purchase value. We have to maintain the balanced condition in order to improve our economy.

Please don’t encourage Foreign Direct Investment as it spoils the Indian economy. Of course we can encourage those outsiders up to some extent, if it crosses limit, then we’ll lose our existence way back before independence. Nothing is impossible, so please try to develop our economy by encouraging the local merchants and local products.

I think my essay would be helpful to write descriptive paper, for those who are writing SBI PO-2014 exam.

Thank You                                                          Jai Hind

05th May,2014 : State Bank of India Probationary Officers Descriptive Paper

Hello Friends,
Good Day.

How's your preparation going for the largest bank's recruitment? Of course there will be tough fight for 1837 vacancies this time.

Objective Online Exam is the first process in the recruitment. Qualifying in this objective online test is the first step to prove ourselves of course with a merit. According to 2013 PO exam, cut off for general is 81 out of 200 in objective, but it went to 151/250 when added descriptive paper marks.

So, despite of many efforts to reach cutoff in objective, candidates failed to get short listed for further process i.e Group Discussion, Personal Interview. We have to get at least 130/200 and 30/50 to be a horse in race.

130/200 is a nightmare for those who didn't practice daily, although useless preparation wouldn't do any favour to your success. Please be aware of topics to cover for objective on line exam.

Coming to descriptive paper, our verbal ability should be in peaks to reach 40/50 in this juncture. We have to try hard to get perfection in writing and hand writing.

So, before all, we have to know the syllabus and pattern for descriptive examination paper.

Syllabus:
1)Short Paragraph Writing.
2)Comprehension Reading.
3)Letter Writing.
4)Essay Writing.
5)Precise Writing.

Short Paragraph Writing:
We have to write the topics given in 100 words. Topics Covers most recent articles or well known topics in this global economy either.

Comprehension Reading:
As we know that from our childhood, in our English examination, we have to read the passage or comprehension and should write the correct answers to the questions given. That pattern follows in this prestigious exam too. So be ready to read steady and answer fastly.

Letter Writing:
In olden days people used to write letters to the relatives, friends, officials etc to convey their feelings, obstacles, problems etc. But, the younger generations are not aware of letter writing, because they uses internet to transfer feelings and phones to maintain relations. Thank god, we, the examination aspirants in our childhood wrote many letters in our English examination, right? Try to recollect those days, improve sentence formations. This will be a challenging section for those who are not aware of formal as well as informal letter patterns. Start knowing the differences, as the examination is in a short span of one month.

Essay Writing:
We have to write a few words about the given thing or article. Just like long paragraph writing with 300 words.

Precise Writing:
We have to cut off the unnecessary things in the given paragraph and have to make that narrow. That's what they want to know from our writings.

Forgotten to tell you something's most important, "HAND WRITING"

Bullet Point is,"Hand Writing is the key to get acceptable marks although with some mistakes in our sentences, about 10 out of 50 will be given for hand writing, remember."

All The Best                                                                                                                               Jai Hind 

Good Night !!!!!

Good Night aspirants !!!!!!!!Sweet Dreams !!!!!!!!

Miss You Sangakkara and Jayawardene !!!!!!!!

SBI PO-2014 Syllabus !!!!!!!

The examination will be held in the month of June 2014 (Tentatively)

SELECTION PROCEDURE:

Phase-I Examination consisting Objective Tests for 200 marks and Descriptive
Test for 50 marks.

The Objective Test will be online. Immediately after online Objective Test,
Descriptive Test will be administered. Cadidates will have to answer Descriptive
Test on paper/Pen mode.

(i)Objective Test: TheObjective Test with 2 hour duration consists of 4 Sections with 50
marks each (Total 200 marks) as follows:

a) Test of English Language (Grammar, Vocabulary, Comprehension etc.)
b) Test of General Awareness, Marketing&Computers
c) Test of Data Analysis&Interpretation
d) Test of Reasoning (High Level)

The candidates are required to qualify in each of the Tests by securing passing marks,
to be decided by the Bank.

(ii) Descriptive Test: The Descriptive Test with 1 hour duration (50marks) will be of “Test
of English Language (comprehension, short précis, letter writing &essay)”.

The candidates are required to qualify in the Descriptive Test by securing passing
marks, to be decided by the Bank.

Descriptive Test paper of only those candidates will be evaluated who have scored
qualifying marks in the Objective Tests and are Placed adequately high as per total
marks in objective test.

(b) Phase-II Group Discussion (20 marks) & Interview (30 marks)
The aggregate marks of candidates qualifying in both the Objective Tests and
Descriptive Test will be arranged in descending order in each category. Adequate
number of candidates in each category, as decided by the Bank will be called for Group
Discussion and Interview. The qualifying marks in Group Discussion &Interview will be
as decided by the Bank.

Candidates qualified for GD & Interview under 'OBC' category are required to
submit OBC certificate containing the 'Non Creamy layer' clause. Candidates not
submiting the OBC certificate containing the 'Non Creamy layer' clause and
requesting to be interviewed under General category will not be entertained.


Final Selection:

The candidates will have to qualify both in Phase-I and Phase-II separately.
Marks secured by the candidates in the Written Test (out of 250 marks) are converted to
out of 75 and marks secured in Group Discussion & Interview (out of 50 marks) are
converted to out of 25. The final merit list is arrived at after aggregating converted marks
of Written Test and Group Discussion &Interview out of 100 for each category.

The selection will be made from the top merit ranked candidates in each category.
Results of the candidates who have qualified for Phase II and the list of candidates
finally selected will be made available on the Bank's website. Final select list will be
published in Employment News/ Rozgar Samachar.

The examination will be held in the month of June 2014 (Tentatively)

SSC CGL-2014 Syllabus Tier-I and Tier-II !!!!!!!!

(TO BE PUBLISHED IN THE EMPLOYMENT NEWS/ROZGAR SAMACHAR DATED 18.01.2014)

STAFF SELECTION COMMISSION

NOTICE

COMBINED GRADUATE LEVEL EXAMINATION, 2014

SYLLABUS

TIER-I OF THE EXAMINATION :

A. General Intelligence & Reasoning : It would include questions of both verbal and non-verbal type. This
component may include questions on analogies, similarities and differences, space visualization, spatial orientation,
problem solving, analysis, judgement, decision making, visual memory, discrimination, observation, relationship
concepts, arithmetical reasoning and figural classification, arithmetic number series, non-verbal series, coding and
decoding, statement conclusion, syllogistic reasoning etc. The topics are, Semantic Analogy, Symbolic/Number
Analogy, Figural Analogy, Semantic Classification, Symbolic/Number Classification, Figural Classification, Semantic
Series, Number Series, Figural Series, Problem Solving, Word Building, Coding & de-coding, Numerical Operations,
symbolic Operations, Trends, Space Orientation, Space Visualization, Venn Diagrams, Drawing inferences, Punched
hole/pattern –folding & un-folding, Figural Pattern – folding and completion, Indexing, Address matching, Date & city
matching, Classification of centre codes/roll numbers, Small & Capital letters/numbers coding, decoding and
classification, Embedded Figures, Critical thinking, Emotional Intelligence, Social Intelligence, Other sub-topics, if
any.

B. General Awareness : Questions in this component will be aimed at testing the candidates general awareness of the
environment around him and its application to society. Questions will also be designed to test knowledge of current
events and of such matters of every day observations and experience in their scientific aspect as may be expected
of any educated person. The test will also include questions relating to India and its neighbouring countries
especially pertaining History, Culture, Geography, Economic Scene, General Policy & Scientific Research.

C. Quantitative Aptitude : The questions will be designed to test the ability of appropriate use of numbers and
number sense of the candidate. The scope of the test will be computation of whole numbers, decimals ,fractions
and relationships between numbers, Percentage. Ratio & Proportion,Square roots, Averages, Interest, Profit and
Loss, Discount, Partnership Business, Mixture and Alligation, Time and distance, Time & Work, Basic algebraic
identities of School Algebra & Elementary surds, Graphs of Linear Equations, Triangle and its various kinds of
centres, Congruence and similarity of triangles, Circle and its chords, tangents, angles subtended by chords of a
circle, common tangents to two or more circles, Triangle, Quadrilaterals, Regular Polygons , Circle, Right Prism,
Right Circular Cone, Right Circular Cylinder, Sphere, Hemispheres, Rectangular Parallelepiped, Regular Right
Pyramid with triangular or square base, Trigonometric ratio, Degree and Radian Measures, Standard Identities,
Complementary angles, Heights and Distances, Histogram, Frequency polygon, Bar diagram & Pie chart

D. English Comprehension : Candidates’ ability to understand correct English, his basic comprehension and writing
ability, etc. would be tested.
The questions in Parts A, B & D will be of a level commensurate with the
Essential Qualification viz graduation and questions in Part C will be of 10th
standard level.

SYLLABUS FOR TIER-II OF THE EXAMINATION :

Paper-I :
Quantitative Ability : The questions will be designed to test the ability of appropriate use of numbers and number sense of the candidate. The scope of the test will be the computation of whole numbers, decimals ,fractions and relationships between numbers, Percentage. Ratio & Proportion,Square roots, Averages, Interest, Profit and Loss, Discount, Partnership Business, Mixture and Alligation, Time and distance, Time & Work, Basic algebraic identities of School Algebra & Elementary surds, Graphs of Linear Equations, Triangle and its various kinds of centres, Congruence and similarity of triangles, Circle and its chords, tangents, angles subtended by chords of a circle, common tangents to two or more circles, Triangle, Quadrilaterals, Regular Polygons , Circle, Right Prism, Right Circular Cone, Right Circular Cylinder, Sphere, Hemispheres, Rectangular Parallelepiped, Regular Right Pyramid with triangular or square base, Trigonometric ratio, Degree and Radian Measures, Standard Identities, Complementary angles, Heights and Distances, Histogram, Frequency polygon, Bar diagram & Pie chart

Paper-II :
English Language & Comprehsion :Questions in this components will be designed to test the candidate’s understanding and knowledge of English Language and will be based on spot the error, fill in the blanks, synonyms, antonyms, spelling/detecting mis-spelt words, idioms & phrases, one word substitution, improvement of sentences, active/passive voice of verbs, conversion into direct/indirect narration, shuffling of sentence parts, shuffling of sentences in a passage, cloze passage & comprehension passage.


NOTE-I : Questions in Paper-I will be of 10th standard level, Paper-II of 10+2 level.

Competitive Examinations Aspirants have to start Preparation for both SSC CGL-2014 and SBI PO-2014 !!!!!!

Competitive Examinations Aspirants have to start Preparation for both SSC CGL-2014 and SBI PO-2014 !!!!!!

Congratulations to SRILANKAN Team for lifting World T20 Championship 2014 !!!!!!!

ALL THE BEST TO TEAM INDIA !!!!!!

SBI previous PO papers !!!!!!

http://www.jobpulse.in/2014/04/sbi-po-april-2013-solved-question-paper.html

Banking Services Chronicle for SSC lifetime Course !!!!

http://www.bscacademy.com/bscSSC.html

State Bank of India Probationary Officers Recruitment 2014

Good Day.

State Bank of India is the dream bank for everyone I think to work with.

Good NEWS for aspirants as the SBI has announced its recruitment for 1800 vacancies.

Online registration starts from 07th april 2014 and ends 25th april 2014.

ALL THE BEST !!!!

Prepare well and change your status from Unemployed to Employed!!!!!!!!

Check the following LINK :

http://www.sbi.co.in/webfiles/uploads/files/SBI_PO_RECRUITMENT_ADVERTISEMENT_ENGLISH.pdf

01st Apr : Today is my Memorable day

Today is my Memorable Day !!!!!!!!

I think my title telling a lie. Today I got my results and unfortunately I'm not in. Clerks allotment missed by 1 mark and officers allotment missed by a mile. 

Are you wondering about my title, memorable.......something? Yes, although it is not my day, I came to know a lot of things which I have to rectify and redefine. 

I thought that I'll be definitely selected for Clerks. No hope about officers. But, my fate didn't like to give me a break. Got only 60 out of 100 in my clerical interview. Disappointment around. I decided to end my life!!!!!

Finally thanked God and my parents who supported me with their words and of course money. I wasted one year, loose hope in me. Sorry mom, and dad. I failed in everything and I cannot show you my face!!!!!!

Everything is ready to end. Few minutes back, I'm in the mood of ending my life. 

Had two little conversations with my brother-in-law, sister and with my brother separately. Gained my energy back. 

Its shame on me to think like ending my life which is a gift from my parents. My apologies to mom and dad. I'll definitely end my fighting after getting placed in a bank. I'll not go back until I reached my dream. I have one big dream which relates to my career and have other small dreams too regarding my parents.

From now, I have to fight back with all my energy and to start from the beginning. First part ends now in my life, have to start the second delightful part to reach the shore. No matter if failure comes, have to take it as a lesson. 

My next plan is joining in a coaching institute again and have to practice daily. There is a lot difference in me when compared to the days I went to coaching in the months of September and October last year. So, I have to regain the fragrance by joining and preparing and practising from the beginning. It takes time to regain my energy for fighting. It is hard enough to bounce back, but have to bounce back to settle in life. Am I true?

Finally got my Life back. So, my title justified. 

Closing with one popular Quote :  

"Failures are the stepping stones to success"

                       JAI HIND

30th Mar : Today's Important NEWS !!!!!!!!

1)Russia rules out intervention in Ukraine.

2)President re-promulgates SEBI ordinance.

3)ABG ship yard gets Rs 2,100 lifeline in Corporate Debt Reconstructing(CDR).

4)Long Term outlook positive for retail sector.

Sorry for not maintaining blog......I'll continue from today

Sorry for not maintaining blog......I'll continue from today

My Life after Graduation !!!!!!

MY LIFE AFTER GRADUATION

Good day. This is Sameer Kumar Kudumula from Guntur ,Andhra Pradesh.  I’m 22 year old now and facing many challenges in this competitive world. Banking sector attracted me and pushed me to decide my goal to serve public as a banker. Motivation plays a major role in people’s achievement. It is not special in my case. I completed my graduation in Computer Science and Engineering in 2013, unlike many engineering graduates I don’t want to enter into software field.

So, started my journey by joining in coaching institute started my preparation. After joining, concentrated on every possible thing to succeed in competitive exams. I wrote Reserve Bank of India Assistants exam held in July-2013 and expected a lot from that. But, after declaring the result, unfortunately I was no in for the next phase of recruitment. Before my result has arrived, my sister told that don’t wait for results and don’t lose practice for next exams. I’m following those words still. Started preparing for Reserve Bank of India Officers recruitment and wrote exam with some maturity as the previous exam taught me a lesson. Reached almost to the cut off marks for further scrutiny but didn’t qualify at that time. I got shortlisted in August for interview in ICICI PO program for November batch 2013, that was considered as my first step to enter banking sector, attended the interview in Hyderabad, cleared group discussion, personal interview was the next round, completed with joy. I thought at that time that I would be selected as an officer in ICICI bank, two merit lists without my name was released. Literally cried at that, but that interview helped me a lot for other achievements and it was a memorable one in my life. Forgot to tell you ,in my starting lines, I used “Motivation” term, many people in my life motivated me and it is playing a vital role. My mom, dad, relatives, my lecturers, friends, strangers with their suggestions and with their inspirations I’m continuing my life. Coming back to my story, I applied and wrote Regional Rural Bank’s recruitment conducted by IBPS in October, qualified in both assistants and officers. Of course my scores are little bit low and didn’t receive any calls from respective banks yet.

The main thing comes at that time in to my life, Public Sector Undertakings conducted bank recruitment, IBPS held examinations for those officers and clerks. I was shortlisted for both officers and clerks, attended interviews. At the time of probationary officer’s interview, took many suggestions from my relatives who is working in public sector banks, those suggestions, measures helped a lot in my interviews. Probationary Officer’s interview lasted 10 minutes and completed with some hesitation in my answers.

Before going to clerks interview I came to know that the interview panel members were concentrating on the respective local language, and they are asking to write an essay on white paper in local language. Our’s telugu and my parents are working as telugu pundits in private school, practiced two essays on “Internet” on my own and requested my mom and dad to correct me in that essay, because I wrote after 7 years at that time, and came to know the exact meaning of my name the night before going to the clerks interview, in fact the first question the panel asked me to give the meaning of my name “KUDUMULA PINAKA VENKATA NAGA SITHA SAMEER KUMAR.” I was asked to write essay as expected and wrote well, they were attracted to that and asked questions in telugu language and questions from banking sector, interview is a mixed one with software questions and general awareness questions, it lasted 15 minutes and at last they said “All the Best Sameer !!!” and I said “Thank You madam and Thank You sirs.”

Finally I completed my dream job’s interviews and waiting for the result. They’ll be declaring in a couple of weeks I think and I don’t ever bother about results. I’ll write many more exams that will help me in gaining knowledge and to reach top in this competitive world.

 “Please be patient and work on until you get what you wanted and do whatever required to reach your goal.”  

“Please be prepared to depart at the right time and as well as to arrive at the right destination.”

Closing my words with popular Swami Vivekanada quote: “Practice makes a man perfect.”

JAI HIND

20th Mar : Today's Poster !!!!!!!!

20th Mar : Today's Important NEWS !!!!!!!!

1)“NSA can record all phone calls of a country”

The National Security Agency has developed a surveillance system that can record 100 percent of a foreign country’s telephone calls, The Washington Post reported late Tuesday. The system allows the agency to review conversations up to a month after they take place, the Post said. It quoted people with direct knowledge of the effort and documents supplied by former intelligence contractor Edward Snowden.The newspaper said that, at the request of U.S. officials, it would not reveal details that could be used to identify the country where the system is currently being used or other countries where its use is envisioned. The voice interception programme, called MYSTIC, began in 2009, the Post said.New retrieval toolIts “retrospective retrieval” tool and related projects reached full capacity against the first target nation in 2011. Planning documents two years later anticipated similar operations elsewhere, the paper said.‘Every single conversation’In the initial deployment, collection systems are recording “every single” conversation nationwide, storing billions in a 30-day rolling buffer that clears the oldest calls as new ones arrive, according to a classified summary, the Post said it has seen.In the deluge of U.S. snooping methods disclosed by Mr. Snowden, no other NSA programme has been known to monitor the entirety of a nation’s phone network. NSA collection of phone meta data — who is called and how long a conversation lasts, but not the content of the call — was among the first of the Snowden disclosures. In a statement, Caitlin Hayden, spokeswoman for the National Security Council, declined to comment on “specific alleged intelligence activities,” the Post said. — AFPSurveillance programme allows the agency to review conversations up to a month after they take place

2)SEBI bars FTIL from holding shares in stock exchanges

The Securities and Exchange Board of India (SEBI), on Wednesday, ordered that Financial Technologies (India) Ltd (FTIL) is not a ‘fit and proper person’ to acquire or hold any equity share in a recognized stock exchange or clearing corporation, either directly or indirectly. The order also covers warrants that FTIL may be holding. The capital market regulator also said that FTIL should divest all its existing equity holdings in MCX-SX, MCX-SX Clearing corporation Ltd (MCX-SX CCL), Delhi Stock Exchange Ltd (DSE), Vadodara Stock Exchange Ltd (VSE) and National Stock Exchange of India Ltd (NSEIL) within 90 days.FTIL has also been told that it shall cease to be entitled to exercise voting rights in respect of those shares or instruments, with immediate effect. SEBI’s order is based on the order of the Forward Markets Commission passed on December 17,2013, which found FTIL as not being ‘fit and proper’ to hold more than two per cent of the equity of Multi Commodity Exchange.   SEBI issued today’s order in the aftermath of the decision taken by the commodity market regulator against FTIL, which was also a promoter of the scam-tainted National Spot Exchange Ltd (NSEL)  SEBI’s order observed that commodity future exchange and stock exchange basically discharge similar functions and obligations except that the two exchanges deal in different underlyings —physical commodity being underlying in the commodity futures exchange and the securities being the underlying in the stock exchange.Further it stated that systems and processes such as trading platform, clearing and settlement are similar in both the markets. Settlement defaults in both the markets pose systemic risk to the respective markets. “The regulatory objective in both the exchanges are same as far as investor protection, market integrity, transparency, fairness and governance are concerned. “ SEBI added.Both the markets are connected through substantial number of common stakeholders and flow of finance.Commodity future exchange as well as stock exchange and clearing corporation are market infrastructure institutions of the financial markets needing the same level of integrity and governance standards. SEBI concluded that a person who is not 'fit and proper' to hold shares in commodity future exchange cannot be a 'fit a proper person' to hold share in the recognized stock exchange and the clearing corporation. “He poses same danger to the interest of securities market as to the commodity futures market as both the market require the same standard of integrity. Thus, there is no doubt that the declaration of FTIL as not 'fit and proper person' by FMC has direct bearing on the securities market.”

3)Take steps before XP support ends, RBI tells banks

Less than a week after Britian’s five biggest banks shelled out close to $100 million each to keep their outdated software secure, the Reserve Bank of India has warned all domestic banks to take steps before Microsoft ends its Windows XP software support.The U.S software giant will stop issuing updates and patches for bugs in its Windows XP operating system from April 8, 2014.In India, public sector banks and financial institutions face the largest risk as many of them run Windows XP on around 40 to 70 per cent of their computers, according to a study conducted by Ascentius Consulting.“The probability of attacks on such a system may increase and it may be difficult to defend such attacks in the absence of Microsoft support,” the RBI said in a notice to all scheduled commercial banks.“As some of your systems, including ATMs, may still be working on Windows XP, you are advised to take immediate steps to implement appropriate systems and controls in this regard,” the central bank added.To ensure that their machines are protected against viruses and hackers, many banks across the world have agreed to deals with Microsoft to continue supporting their ATMs until they are upgraded. The cost of extending support and upgrading to a new platform for some of these banks are in the region of $100 million in some cases.

4)UAE to host 20 IPL matches

IPL / Abu Dhabi, Dubai and Sharjah to be the venues

DIFFERENT VENUES, SAME FERVOUR:Fans can expect a reprise of such celebrations as the seventh edition of the Indian Premier League gets offto a start in the UAE on April 20.— FILE PHOTO

The first phase of the seventh edition of the Indian Premier League will be held in the UAE from April 16 to 30 while the second phase could be staged in India from the first week of May despite the clash of dates with the general elections. These were among the key decisions taken at a meeting between the IPL’s governing council and the franchises here on Wednesday.In a press release, BCCI secretary Sanjay Patel said: “Pursuant to the initiative taken by the Ministry of Home Affairs, many State Governments have indicated that IPL matches can be conducted in their States. Based on the responses received so far, the BCCI believes that the IPL can be conducted in India from the first week of May.”It is learnt that the BCCI is considering venues in Ahmedabad, Bangalore, Odisha, Visakhapatnam, Hyderabad, Kochi and Chennai, pending clearance.It was revealed that the first phase would have 20 matches in Sharjah, Abu Dhabi and Dubai from April 16 to 30. The opening match will be played at the Sheikh Zayed Stadium in Abu Dhabi on April 16 between Mumbai Indians and Kolkata Knight Riders.According to the schedule released by the IPL, five of the 15 days in the first phase will be double-headers played over the weekends. The first match will start at 4 p.m. and the second at 8 p.m. (both IST).The schedule has been chalked out in order to allow each of the eight franchises to play at least once in all three cities, and also feature in at least one of the double-header weekends. Abu Dhabi and Dubai will host seven matches each while six games will be held in Sharjah.

17th Mar : Today's Poster !!!!!!!!

17th Mar : Today's Important NEWS !!!!!!

1)Malaysian PM dials Manmohan for help

Malaysia’s Premier Najib Razak on Sunday spoke to PM Manmohan Singh, seeking India’s help in searching for Malaysia Airlines Flight MH370 even as India put on hold its search operations, saying it was awaiting instructions from Malaysia.

2)DRDO to speed up missile test facility project

The State government has in principle decided to spare 121 hectares of revenue land for the Rs. 1,000-crore Missile Test Launch Facility project proposed by the Defence Research and Development Organisation (DRDO) in Nagayalanka mandal of Krishna district.N. Kiran Kumar Reddy, during his tenure as Chief Minister, had signed a file approving allocation of land for the project, sources told The Hindu . The swift move taken by the government prompted the DRDO authorities to speed up studies to obtain clearance from the Ministry of Environment and Forests.In February, 2013, Defence Minister A.K. Antony had told the Rajya Sabha that the Centre had requested the A.P. government to “spare unassigned revenue and reserve forest land at Nagayalanka” for setting up the project. According to the DRDO Hyderabad team, which carried out the land suitability study in and around the Sorlagondi Reserve Forest and strategic areas in Nagayalanka, a total of 151 hectares were identified and marked.They include 41 hectares of forest land, including a portion from the Krishna Wildlife Sanctuary (KWL).An inspection carried out by Chief Wildlife Warden and Principal Chief Conservator of Forests (Wildlife-AP) A.V. Joseph has revealed that the DRDO has proposed the forest land in KWL to develop technical facilities such as launch pad (6 ha) and a roadway, covering 30 hectares.Sources told The Hindu that the DRDO officials had promised to grow mangrove plant species in 80 hectares in compensation for the forest land to be set apart for the project.However, talks with the AP Wildlife Board are yet to materialise in this regard in order to spare the respective forest area in Nagayalanka mandal.N. Kiran Kumar Reddy, during his tenure as CM, had signed a file approving allocation of land for the project

3)‘Will marry when I find the right girl’

Rahul Gandhi’s marriage plans have been a perennial topic of speculation, but he says he will tie the knot only when he finds the “right girl.”“This is a question that comes up all the time. Right now, I am engaged in fighting the [Lok Sabha] elections. Unfortunately, I have not been focused on private life,” he said in an interview to PTI.“Is it two years from now, one year from now?,” he was asked.“When I find the right girl,” replied the 43-year-old Congress vice-president.“That means you have not found the right girl?”“When I find the right girl, I will get married.”Asked about his other hobbies, Mr. Gandhi, a pet lover, said he read quite a bit, “too much non-fiction” and “too much about things related to my work” — history, geography, political affairs and a lot about the Middle East, Afghanistan, Pakistan and China.He did not watch as many Hindi movies as his sister Priyanka did. But he often came away disappointed with the mainstream movies of Hollywood. He had no favourite actors or actresses. “I appreciate a good performance.” — PTI

4)Sobhanbabu peetham inaugurated

Sobhanbabu Smaraka Peetham was inaugurated here on Sunday. Former Mayor D.V. Subba Rao spoke. Mahanti Adinarayana of the peetham said it would take up philanthropic activities.

5)Five students to attend ‘Discover Thinking-2014’

Five students, who stood first and second in the regional level software project competitions, will attend ‘Discover Thinking-2014’ national-level contests to be held at Pune on March 22.
Computer Society of India (CSI) organised the regional-level competitions at Vignan’s Nirula Institute of Technology and Science for Women, on Palakaluru Road. Students from different institutes of Andhra Pradesh and Karnataka states participated in the event. A three-member team – S. Akram, G. Jyothsna and P. Chandu Brahmendra – stood first while two students, Y. Sai Srinivas and M. Momin Basha were runners-up in the competitions. The five students will attend the national-level contest at Pune.
The theme of the event is to enrich knowledge among students on software technology, computer programmes and projects, said CSI regional coordinator A.V. Praveen Krishna and asked the youngsters to design new projects to compete at higher levels.

6)When the hunter turns hunted

The CBI’s allegation against two former SEBI officials is strange and unfounded

Bizarre. That is the word to describe the Preliminary Enquiry (PE) registered by the CBI against former Chairman of the Securities and Exchange Board of India (SEBI) C. B. Bhave and its former whole-time member K. M. Abraham for granting sanction to MCX-SX in 2008 and renewing it again in 2009 and 2010. These two gentlemen carry a well-earned reputation for honesty and integrity and the period between 2008 and 2011 when they were in SEBI was one of its brightest phases when the regulatory body initiated several investor-friendly policies.
But that is not why the CBI’s action is strange. The PE is off the mark because far from what it hints at, Mr. Bhave and Mr. Abraham actually made life difficult for MCX-SX. If at all anyone stood between the Multi-Commodity Exchange of India (MCX), the now-disgraced Financial Technologies (promoter of scam-hit National Spot Exchange, MCX and MCX-SX) and their vaulting ambitions, it was Mr. Abraham and his boss.

7)We’ll be pre-eminent asset managers in five years

Leo Puri was appointed as the Managing Director of UTI Asset Management Co. Ltd, the oldest mutual fund in the country, in August 2013. With no head for two years, UTI had, by then, lost considerable market share. Mr. Puri, who has extensive experience of leading strategy and transformation engagements in the context of economic reforms and deregulation, was entrusted with the task of revamping the company to reach a leadership position. 

8)Markets run ahead of election results

The behaviour of the financial markets — stock and foreign exchange markets — at the time of elections has been analysed at several forums. Now that the actual dates for the elections have been announced, the markets are coming under scrutiny every day. Messages are sought to be read into market movements, whether they are tenable or not.
The most significant message so far — significant also because it arises out of a near unanimous inference — is that the stock markets are betting on an NDA government, headed by Narendra Modi. In fact, so convinced are the markets about this outcome that they have started looking beyond election results and even government formation. The belief that an NDA government under Mr. Modi would be ‘business friendly’ unlike the UPA in its two spells has so permeated the thinking of analysts and even lay observers that they are, at this stage, blithely ignoring the several imponderables during and after the elections.
Several imponderablesEven assuming that the NDA coalition comes on top, will it be able to cobble up at least a working majority? Will there not be differences among the coalition partners on specific issues, including those that are perceived to be market-friendly? And, talking specifically of Mr. Modi and his USP (unique selling proposition) of good governance in Gujarat, how much of this will count at the national level? Also, this election, like all previous elections, is not a presidential election as in the U.S. The leader may be perceived to have the right attributes. But it will be the coalition’s strength and cohesion that will matter.
One final thought - on a subject that will be revisited several times — can any coalition break fresh ground and radically move away from existing policies? And, talking of policies, the BJP has not exactly been pro-reform all the way. It might be due to complete breakdown of political consensus among the leading parties, but the BJP has voted against some important reform initiatives of the UPA. For instance, the opening of multi-brand retail to foreign direct investment (FDI) has been bitterly contested by the BJP. However, it was one of the party’s pro-market initiatives when in power.
Even assuming that as a coalition leader, the BJP will be able to backtrack and sponsor such reforms — a cynical audience might barely notice the change in stance — there are other areas where it will not be able to change course. Land acquisition legislation, for instance, will inflate the cost of many projects to uneconomic levels. Yet, they are seen to be farmer-friendly (they part with the land). No political party can be expected to oppose such legislation. Similarly, can the NDA come to grips with the ever escalating minimum support prices of rice and wheat — one of the principal reasons for the high food inflation?
On March 10, the Sensex and the Nifty scaled new highs, touching life time highs of 22,023 and 6,561, respectively. The markets have remained buoyant. Indian stock indices have outperformed those of other emerging markets. The rupee has been stable after touching a seven month high of 60.80 to the dollar. While it would be futile to pinpoint other factors — besides the expectation of a friendly government — India remains the flavour of the season. Foreign institutional investors (FIIs) have been pouring money into Indian stocks. The phenomenon of financial markets running ahead of economic fundamentals is not new to India. The Modi factor is the main reason this time, even burnishing some insipid macro-economic performance.
Growth remains subduedThe consensus estimate of GDP growth for 2013-14 is below 5 per cent. Many analysts, however, see in the low growth figures signs of the economy bottoming out. The implication is that it can only go up from now on. Indeed a number of forecasters, including the IMF and the World Bank, think the economy will fare better during the next year. Than there are some pieces of good news at last. The current account deficit has come down sharply, and there is substantial progress regarding fiscal deficits, even if the process of consolidation leaves a lot to be desired. None of these, however, explains the puffed up stock market valuations. The Modi factor alone can provide the answer.
narasimhan.crl@thehindu.co.in
The most significant message so far is that the stock markets are betting on an NDA government

9)Interesting times ahead

After a few years of hiatus, the telecom sector is looking up as the gradual dissipation of regulatory uncertainties exemplified by the successful conclusion of the spectrum auction and liberalisation of mergers and acquisition (M&A) norms is being supplemented by an improvement in operating performance and player profitability.
Compared to the previous two auctions (November 2012 and March 2013), participation was far better in the auction process this time around. The aggressive bidding will raise the net debt levels of an already highly-leveraged industry. Even then, there is still a reasonable business case for the large incumbents in the industry.
The new M&A norms announced in the third week of February will accelerate much-needed consolidation in the telecom sector. Relaxing subscriber and market share norms and allowing the merged entity to hold up to 50 per cent of spectrum in a particular band and 25 per cent of total spectrum in a circle will allow large incumbent operators to acquire mid-sized and smaller rivals in individual circles. It will also offer an exit window for financially-stretched smaller operators.
But consolidation activity will not pick up overnight; rationalisation will take a couple of years to be achieved. When the shake-out eventually ends, we expect 5-6 operators to survive in each circle.
Standing in the path of early consolidation are factors such as the leveraged balance sheet of most operators, the one-time fee for excess spectrum, and the requirement to pay an additional fee to the government for spectrum not acquired through auctions. This essentially means that an additional payout will be needed to acquire operators such as Aircel and Tata Teleservices, as most of the spectrum allocated to them is at the administered price.
On the ground also, the performance of the sector is on a gradual uptrend, with the number of 3G subscribers, and average revenue per user for voice and data services increasing at an impressive pace.
Data revenues will continue to grow at a robust pace in the next few years, and will propel overall industry growth. Over the longer term, consolidation and the higher cost of acquisition of spectrum will result in an improvement in players’ pricing power. But one single player will play a crucial role in determining the extent of that pricing power: Reliance Jio Infocomm.
Reliance now gets to complement its proposed 4G data offerings with voice, but acquiring subscribers from competition will be critical for it given the high tele-density and data usage in crucial circles. Reliance will, therefore, have to cut tariffs and offer attractive packages to wean subscribers from competition; its returns in the metros and Category A circles will critically hinge on its success on doing so. This will curb the pricing power of Bharti Airtel, Vodafone and Idea, which would naturally seek to offset the outgo on spectrum acquisition through tariff hikes.
The stage is, thus, set for some very interesting times in the telecom landscape.
The author is Director, Crisil Research.

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16th Mar : Today's Poster !!!!!!!!

16th Mar : Today's Important NEWS !!!!!!

1)Congress loses ally, BJP gains

TRS rules out alliance with Congress; DMDKin BJP camp

While the Congress lost the possibility of gaining an important ally in the Telangana Rashtra Samithi in Andhra Pradesh, the Bharatiya Janata Party clinched a crucial electoral deal with the Desiya Murpokku Dravida Kazhagam in neighbouring Tamil Nadu on Saturday.After first turning down a proposal for merger with the Congress, TRS president K. Chandrasekhar Rao ruled out an alliance with the party in the coming elections. He, however, expressed his willingness to support the Congress if it was in a position to form a government at the Centre.There was no question of any alliance because the Congress had denigrated the TRS with ‘let them come, we will consider’ remarks, Mr. Rao said at a press conference on Saturday after a meeting of the party’s election committee to pick up candidates for the Assembly and Lok Sabha elections. It was decided to release 65-70 names for Assembly and 10 for Lok Sabha elections in the first phase on Monday.Expressing his willingness to enter into a pact with the CPI and the Majlis-e-Ittehadul Muslimeen, which he called “our party,” Mr. Rao said the objective of the TRS was to form a government in Telangana. Mr. Rao cited a recent survey by NDTV, which gave the TRS 11 Lok Sabha seats, the Congress five and the MIM one, to indicate that there was no alternative to the TRS and the Congress in Telangana. He, however, appealed to people to put the Telangana government in the “safe hands” of the TRS as the Congress had done precious little to develop the region in the 10 years of its rule.Seven TDP MLAs joined the TRS in the last few days and seven more, according to him, are waiting in the wingsMr. Rao earlier told a meeting of party workers that it would be a showdown between the TRS and the Congress henceforth.While the Congress fortunes dipped in Hyderabad, the BJP found cause for hope in Chennai by piecing together an alliance with the DMDK led by actor Vijayakant. Two other regional parties, the Pattali Makkal Katchi and the Marumalarchi Dravida Munnetra Kazhagam, are already committed to seat adjustments with the BJP.

2)Modi to contest from Varanasi

Overcoming protracted wrangling over seat allocation, the Bharatiya Janata Party announced that the party’s prime ministerial candidate Narendra Modi would contest the 2014 Lok Sabha elections from Varanasi while party president Rajnath Singh would be shifted from Ghaziabad to Lucknow.The party leadership succeeded in mollifying senior leader and sitting Varanasi MP Murli Manohar Joshi to shift to Kanpur. Similarly, another senior leader from U.P., Lalji Tandon, has had to vacate his Lucknow seat for his party chief. Both were reluctant to do so.Mr. Modi, however, may have to contend with Aam Aadmi Party convener Arvind Kejriwal in Varanasi.“Mr. Kejriwal is most likely to contest Lok Sabha election against Mr. Modi in Varanasi,” AAP’s member of Political Affairs Committee Manish Sisodia told The Hindu here on Saturday. “The PAC will take the final call,” he, however, added.The announcements were made late on Saturday night after a marathon meeting of the high-powered Central Election Committee, reflecting internal differences and rift among the top leadership.Among the other prominent names who figure in the list of 98, of which 55 are from U.P., are the leader of the Opposition in the Rajya Sabha Arun Jaitley, Varun Gandhi from Sultanpur, Kirron Kher from Chandigarh, Shatrughan Sinha from Patna Sahib and Maneka Gandhi from Pilibhit. Party spokesperson Meenakshi Lekhi will be the party candidate from New Delhi, while Rao Inderjit will contest from Gurgaon.Mr. Jaitley, who has emerged as the chief political manager of Mr. Modi, will be trying his luck from Amritsar. It will be the first ever Lok Sabha election for Mr. Jaitley.

3)Congress leaders hit out at Pawan; Chiru cautious

Differing with his brother on reasons for bifurcation, Chiru says no force can bury Congress

A day after actor Pavan Kalyan’s scathing attack on the Congress during the launch of his Jana Sena Party, senior Congress leaders hit out at the star on Saturday. His brother, former Union Minister K. Chiranjeevi, however, was cautious in his reaction.Mr. Chiranjeevi differed with his brother’s views that the Congress was responsible for the division of the State. He said the Congress took the decision to divide Andhra Pradesh only after all the parties had given their nod. He said it pained him when his brother accused the Congress of dividing the State. He went on to say that no force could bury the Congress.‘His personal decision’On the Jana Sena, he said launching a new party was Mr. Kalyan’s personal decision. Stating that Mr. Kalyan did not discuss the launch of the party with him, he said it has to seen as how Mr. Kalyan would run the new party. He hastened to add that he saw some drive in his brother to do something for society.Telangana Pradesh Congress Committee working president N. Uttam Kumar Reddy dismissed Mr. Kalyan’s outburst as childish behaviour. “He delivered cinema dialogues but why did he remain silent all these years when the demand for Telangana was at its peak,” he asked.TPCC vice-president Md. Ali Shabbir compared the launch of Jana Sena Party to screening of a two-hour movie. Claiming that he would not refer to the actor’s personal life, Mr Shabbir said the father of one of the wives of Mr. Kalyan had approached him for help. Deputy Speaker Mallu Bhatti Vikramarka said the tone and tenor of Pavan’s speech was not proper.

4)India intensifies search

On a day when the hijack theory on the mysterious disappearance of the Beijing-bound Malaysian flight MH370 gained considerable traction, Indian forces intensified the search of the seas abutting the east coast and the Andaman and Nicobar archipelago for the wreckage of the jet, but without any result.In the wake of a fresh request from Malaysia, India on Saturday extended its search using ships and recce aircraft to a wide area over central and east Bay of Bengal. “The Navy has so far coordinated search over an area spanning more than 2,50,000 sq.km in the Andaman Sea and the Bay of Bengal and search operations are expected to continue,” said a Navy spokesperson.

5)U.S. regulator sues 16 banks for rigging Libor rate

The Federal Deposit Insurance Corp sued 16 of the world’s largest banks on Friday, accusing them of cheating dozens of other now defunct banks by manipulating the Libor interest rate.The global financial institutions broke certain swaps contracts they had entered into with the now-closed banks, by separately colluding to rig the Libor rate to which the contracts were tied, the FDIC said.Some of the banks accused in the lawsuit, including Barclays Plc and UBS, have already paid some $6 billion to resolve charges from U.S. and European authorities that they worked to manipulate benchmark interest rates.They have also been sued by investors and others who claim they lost money due to the manipulation. A federal judge last March dismissed many of those claims that were based on antitrust law, but has yet to rule on cases that rely on the ‘breach of contract’ theory used by the FDIC.“These look very much like claims that I think are going to have a much better chance with the court,” said Daniel Brockett, a lawyer with Quinn Emanuel Urquhart & Sullivan who had brought other cases against banks over Libor manipulation.A representative of the FDIC declined comment. Representatives of the banks declined comment or did not respond to a request for comment.Libor, which is the average rate that a panel of banks say they can borrow unsecured funds, has become a key rate globally, underpinning more than $550 trillion in financial products, from home loans to derivatives.‘Substantial losses’The financial institutions’ conduct caused ‘substantial losses’ to 38 banks that the U.S. regulator had taken into receivership since 2008, including Washington Mutual Bank and IndyMac Bank, the FDIC said.The regulator did not quantify the losses at issue. The lawsuit also did not specify what damages the FDIC is seeking.The lawsuit also accused the British Bankers' Association, the U.K. trade organization that during the period at issue administered Libor, of participating in the scheme. 

6)The arrival of e-tailers in India

Last week e-tailer Quikr received funding of $90 million (around Rs. 540 crore), which only strengthened the belief that the Indian e-commerce segment, although nascent, is here to stay and growing fast.Estimated at about $13 billion, the e-commerce industry is dominated by the online travel segment, which, according to a KPMG in India report, accounted for 71 per cent of total transactions.“Globally, in a difficult economic environment, alternative medium sales rise,” Gaurav Gupta, Senior Director, Deloitte in India, a leading consultancy, said. “E-commerce is one such as people are keen on better deals and bargains.”Understandably, growth of e-commerce depends on Internet penetration and literacy factors, which explain India’s slower trajectory.“Development of e-commerce is also predicated on the expectations of the middle class,” Ashwin Vellody, partner, KPMG in India, said. “The main metros will grow but faster rates will come from Tier 2 cities where access remains the issue. On the supply side, companies have to sort out logistics like warehousing strategically,” he added.In mature markets, e-commerce growth impacts brick and mortar (B&M) retailers but industry experts believe that over the next decade, B&M retailers will increasingly move online and 15-20 per cent of sales will shift in areas like OTC (over the counter) medication, books and travel.“We believe the future of e-commerce is on ‘mobile’,” Rajesh Magow, Co-founder & CEO—India MakeMyTrip.com, told this correspondent.“Mobile is one of our fastest growing channels and currently accounts for over 20 per cent of all our traffic. Most of these bookings are from smartphones.”Given the competition, companies are trying out different models.“India is a huge, attractive market but what keeps me awake is the need to innovate and maintain my position in the new part of the market that is expanding,” Pranay Chulet, CEO & MD, Quikr said.The world is going multi-channel and e-tailing is just another selling channel, Kumar Rajagopalan, CEO, Retailers Association of India (RAI), said. “Being new, experimentation will continue. Companies are focused on growth, acquisition and investments rather than profitability. That will come and thereafter there will certainly be a consolidation.”

7)Pennetta downs Li Na, enters final

TENNIS / Djokovic, Isner ease into semifinals

INCREDIBLE FEELING: Flavia Pennetta is absolutely delighted after stunning top seed Li Na in the WTA BNP Paribas Open on Friday.— PHOTO: AFP

Flavia Pennetta stunned Li Na in straight sets on Friday, avenging a loss to the Australian Open champion in Melbourne and booking an Indian Wells WTA BNP Paribas Open title clash with Agnieszka Radwanska.In a match that featured entertaining rallies but also 11 breaks of serve — eight straight in the opening set — 32-year-old Pennetta prevailed 7-6(5), 6-3 to reach the biggest final of her career.“I think we play really good tennis tonight,” Pennetta said. “We fight a lot.”It was a contrast to their clash in the Australian Open quarterfinals, where Li Na crushed Pennetta 6-2, 6-2 en route to her second Grand Slam title.“In Australia I didn’t have any chance against her,” Pennetta said. “Tonight I played much better.“I mean, I’m surprised also because in the beginning of the week if you ask me, ‘What do you think? You going to make a final here?’ I would say, ‘Mmmm, I don’t think so.’”Li Na was hampered by nine double faults. Eight of those came in the 66-minute opening set, including one to give Pennetta the first frame on her second set point in the tiebreaker.“I don’t think I was playing bad,” Li said. After surrendering the first set, Li Na seized a 2-0 advantage in the second, but Pennetta won six of the next seven games, clinching the victory with a stinging backhand up the line.Awaiting Pennetta in the final will be world No. 3 Radwanska, who defeated sixth-seeded Romanian Simona Halep 6-3, 6-4.Straight-set winsMeanwhile, Serbia’s Novak Djokovic and American John Isner cruised into the last four of the ATP Masters with straight-sets wins in the quarterfinals.Djokovic hardly raised a sweat in the Californian desert as he eased to a 6-1, 6-3 victory over Frenchman Julien Benneteau, before the towering Isner rode his booming serve to a 7-6(4), 7-6(3) win over Latvia’s Ernests Gulbis.The results:Men: Quarterfinals: John Isner bt Ernests Gulbis 7-6(4), 7-6(3); Novak Djokovic bt Julien Benneteau 6-1, 6-3.Women: Semifinals: Flavia Pennetta bt Li Na 7-6(5), 6-3; Agnieszka Radwanska bt Simona Halep 6-3, 6-4. — AgenciesIn the beginning of the week if you had asked me, You going to make a final here?’ I would say, ‘Mmmm, I don’t think so.PennettaRadwanska leadsRadwanska has won four of six career encounters with Pennetta, but the Italian beat her in straight sets in Dubai last month

15th Mar : Today's Poster !!!!!