Incident in Ahmedabad

A newborn baby girl survived an ignoble birth after slipping down the toilet bowl of a moving Indian train onto the tracks when a pregnant woman unexpectedly gave birth while relieving herself on Monday.

"My delivery was so sudden," said the Bhuri Kalbi, the mother of the infant, born two months prematurely. "I did not even realize that my child had slipped from the hole in the toilet."

Kalbi, a 33-year-old woman from a village in Rajasthan, fainted on the toilet seat after the birth for a few minutes before waking up and alerting her family.
"They stopped the train and ran on the tracks to find the baby," she said, speaking from her hospital bed in the western city of Ahmedabad.

Railway staff at a nearby station were alerted and soon found the newborn girl lying uninjured on pebbles by the track. She is now in intensive care because of her premature birth, doctors said.

Most toilets on Indian trains are filthy chutes emptying directly onto the tracks.

Highlights of 2008 Budget...Part III

Taxes:

Banking transaction tax to be removed.
Short term capital gains tax to be hiked to 15%.
Commodities Transactions Tax to be introduced.
5-yr tax holiday for all hospitals.
Women exemption threshold extended from Rs 1,45,000 to 1,80,000.
No change in coporate income tax rate, surcharge stays.
Income tax exemption limit raised to Rs 2,25,000 for senior citizens.
Exemption limit increased from Rs 1,10,000 to Rs 1,50,000 for all assesses.
Tax to GDP ratio of 9.2%.
Watch this space for more on taxes...
Will the FM make the salaried class happy?

Union Budget of India 2008- Part I

Income Tax exemption to Rs 1.5 lakh
Income Tax exemption for women to 1.8 lakh
Income Tax exemption for senior citizens to 2.25 lakh
Revenue deficit at 1.4 pewr cent of GDP
Duty on project import cut to 5 per cent from 7.5 per cent
Excise duty on two and three wheelers down to 12 per cent
Anti-AIDS drugs exempted from excise duty
Reduce general CEVAT to 14 per cent on all goods from 16 per cent
No change in corporate tax
Ad Valorem duty on diesel and petrol removed
Higher tax rates on cigarettes
Five year tax holiday from Income Tax for hospitals across India
Five year tax break for UNESCO heritage two, three and four star hotels
Four new sectors brought under tax net
Excise duty on Pharma products down to 8 per cent from 16 per cent
Haryana & Chandigarh to develop smart card facility for food subsidy distribution
Loan waver and debt relief of farmers having less than 2 hectares
Marginal and small farmers to get complete waver
All loans to farmers up to March 2007 under the scheme
Implementation of scheme for farmers by June 2008
Total relief package for farmers to cost Rs 60,000 crore
Three IITs to be established in Bihar, Andhra Pradesh and Rajasthan
Government confident of 8.8 percent growth rate
National agriculture insurance scheme will continue
Other farmers to get one time relief settlement by paying 75 percent debt

Agricultural credit to reach Rs 2.4 lakh crore by year end
Reduce custom duty on natural rubber and basic raw materials
Spending to increase by 20 percent to benefit NIIT, Educamp and Aptech
Rs 11460 crore for women specific allocation
Gross budgetary support Rs 2.28 trillion
Agricultural growth estimated at 2.6 per cent
Rs 12,970 crore allocated to Natonal Highway
Public Sector Units to get Rs 16436 cr in 2008-09
Rashtriya Krishi Vikas Yojna launched
Education gets a hike of 20 percent, a total of Rs 34,400 crore allocated
Export taxes on key raw material of steel to be increased
Iron ore export duty is at Rs 300 per tonne, decreased by 15 percent
Fertiliser subsidy o continue
Exercise duty on finished steel products reduced to 8 percent
Customs duty on import of scrap metal scrapped
No customs duty on Internet, broadband data cards
15 percent hike in Health sector
Sarva Shikshya Abhiyan gets Rs 13,100 crore
Mid day meal scheme to get Rs 8000 crore
Bharat Nirman to get Rs 31,280 crore
16 Central universities to be setup
Jawahar Navodaya Vidyalaya to get Rs 130 crore
1042 crore for eradication of Polio
990 crore for AIDS programmes
Rural job scheme to roll out in 596 districts
Govt to tap in resource of SCB's to set up funds
Rs 3966 crore allocated for SC, ST and OBCs
National programme for elderly to receive 400 crore
Rs 500 crore for Arunanchal Pradesh and other north eastern states
Rs 5000 crore fund for enhancing refinance operations
Commercial banks advised to have 250 rural accounts every year
Defence allocation increased by 10 per cent, raised to Rs 1,05,600 crore
Allocation for Minority Ministry doubled
Rs 33,434 crore allocated for child specific schemes
Minority community in Central Paramilitary forces
Rs 624 crore allocated for 2010 Commonwealth Games
Rs 32,667 crores for food subsidy under Public Distribution System (PDS) scheme
Fiscal Deficit at 3.1 per cent of GDP
Rs 40,000 crore allocated for special purpose Tea fund
NREG scheme to be rolled out in 596 districts
Allocation for NREG scheme at Rs 16,000 crore
Rural credit target set to be increased to Rs 80,000 crore
Total allocation for north-east regions at 16,447 crore
Allocation to NRHM increased to Rs 12,050 crore

Read more in tomorrows blog.........

No need to remember your PAN Card now...!!

Good News!!!!!!!! ......No need to remember your PAN No.

now .....Click thelink below

http://incometaxindiaefiling.gov.in/knowpan/knowpan.jsp

It would just ask you, your details like full name and date of birth......and Thats It...!!

CRISIL IPO grade 3/5 assigned to the IPO of Rural Electrification Corporation Ltd.

CRISIL has assigned a CRISIL IPO Grade “3/5” (pronounced “three on five”) to the proposed initial public offer of Rural Electrification Corporation Limited (REC). This grade indicates that the fundamentals of the issue are average in relation to the other listed equity securities in India. However, this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The grade is not a recommendation to buy / sell or hold the graded instrument, the graded instrument’s future market price or its suitability for a particular investor.

The grading reflects the Indian government’s majority stake in REC and its developmental role in the government’s plans for the power sector in India, especially the non-urban centres. REC’s continuing role as an instrument of government policy and the consequent government support translates into significant advantages for REC as a borrower of funds viz the ability to raise bonds with tax benefits to the investors. CRISIL believes that REC will continue to discharge its developmental role over the medium term and shall display moderately strong business performance.

Notwithstanding the advantages on the liability side, REC’s mandate requires it be one of the key lenders to state government power utilities, which have had a troubled credit history. Though REC is planning to increase its lending to the private sector, CRISIL believes that lending to state government utilities would continue to constitute a majority of REC’s asset book over the medium term.

The company’s profitability could come under pressure in the future as the share of market borrowings in REC’s funding mix increases and the company begins to follow the RBI’s prudential norms for NPA provisioning. REC will also need to considerably strengthen its internal control systems and loan pricing mechanisms to support the significant increase in business planned by the company.

REC’s business operations are susceptible to the effects of frequent top management changes as is the case with many other government run entities. REC’s shareholders remain vulnerable to the possibility of REC’s business operations being used by the government more as a tool for public policy than an engine for profit maximization.

CRISIL assigns highest IPO grade to Acme Tele Power Ltd......

CRISIL assigns highest IPO grade to Acme Tele Power Ltd

Proposed public issue of 17,283,580 equity shares of face value Rs 2 targeted at an issue price in the range of Rs 800 to Rs 950 per share

January 23, 2008, Mumbai:

CRISIL has assigned a CRISIL IPO Grade "5/5" (pronounced "five on five") to the proposed initial public offer of Acme Tele Power Ltd. (ATPL). This grade indicates that the fundamentals of the issue are strong relative to other listed equity securities in India.

CRISIL expects ATPL to report strong future growth while maintaining its track record of exceptional operating and financial performance. This reflects the company's solid market position, and its customers' focus on rapid expansion: ATPL's unique products are used by mobile operators to manage power consumption at cell sites in areas where the supply and quality of power is unreliable. With a market share of around 25 per cent across all cell site installations, ATPL enjoys leadership position in its segment. The company is thus well placed to benefit from the large investments planned by mobile operators in India, who propose to add almost half a million cell sites over the next five years.

ATPL has grown at remarkable pace over its relatively short history. CRISIL expects the company to continue its impressive growth in revenues and profits over the medium term, given its strong market position and the expected growth in mobile networks.

ATPL will also continue to benefit from the ongoing involvement of its promoter, Mr. Manoj Upadhyay, in new product research and development. The company's strong product development capability is a significant plus in a market that is highly competitive. To maintain its growth momentum, however, ATPL will also need to ensure that it retains its key employees: it has faced a fair amount of employee turnover in the past.

About the company

ATPL, incorporated in January 2003, was promoted by Mr. Manoj Upadhyay. The proposed IPO is in the form of an offer for sale of 17.3 million shares by the promoters. Subsequent to the IPO, the promoters' stake in the company will reduce to 84.6 per cent from 94.7 per cent.

ATPL manufactures shelters, power regulation equipment, and air conditioners, which are used at mobile operators' cell sites. It has manufacturing facilities at Pantnagar in Uttaranchal and Parawanoo in Himachal Pradesh. Until March 2005, the company had an exclusive agreement with Bharti Airtel, the market leader in mobile telephony, under which it could not sell its products to other operators until it had satisfied Bharti Airtel's requirements; the business relationship between the two companies continues to be strong, long after the agreement has expired.

At the core of ATPL's offering to customers is a packaged solution, 'Green Shelter', consisting of:
- A fibreglass reinforced plastic or a nano-cooled enclosure that houses the BTS and other
electronic equipment at cell sites
- A power management system called the power interface unit
- A thermal management system with phase change material, and
- Two air conditioners.

The utility of each of these products is distinct, and therefore the company also sells them individually.

ATPL also plans to launch a new gas-free compressor-less AC, and fuel cells, which produce energy more efficiently compared to diesel. Besides, the company intends to undertake geographical expansion into international markets.

For the year ended March 31, 2007, ATPL reported a net profit of Rs.2.30 billion on a turnover of Rs.6.43 billion, as compared with a net profit of Rs.1.16 billion and revenues of Rs.3.85 billion in the previous year.

About CRISIL IPO Grading

CRISIL IPO (Initial Public Offering) Grading is an opinion on the fundamentals of the graded issue that reflects CRISIL's independence and expertise. This opinion is expressed as a relative assessment in relation to other listed equity securities in India. The assessment is based on a grading exercise carried out by industry specialists from CRISIL Research. A CRISIL IPO Grade 5/5 indicates strong fundamentals and a CRISIL IPO Grade 1/5 indicates poor fundamentals. CRISIL IPO Grading reflects its assessment of the graded company's equity fundamentals as distinct from an assessment of debt fundamentals. A CRISIL IPO Grade should not be construed to mean a comment on the price of the graded security nor is it a recommendation to invest or not to invest in the graded security.