Saturday, 1 October 2016

Regular Income with wealth creation-The Total Investment & Insurance Solutions

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1St October 2016
Regular Income with wealth creation(The Total Investment & Insurance Solutions)


Check the current value if you invested Rs.10 Lakh in a mutual fund scheme on 13Th Nov 2002 and redeem monthly Rs.10,000/-,Then the fund value is now Rs.1.3 Crore on 13Th September 20166 after withdrawing Rs.16.6 Lakh..

Friday, 30 September 2016

Mallya made Principal Officer of UB holding firm-The Total Investment & Insurance Solutions

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30 September 2016

United Breweries (Holdings) Ltd has made its Chairman Vijay Mallya Principal Officer in the absence of a Managing Director, the company said on Thursday.

In a regulatory filing to the BSE, after its 100th annual general meeting (AGM) here, the company said Mallya had been monitoring the company's performance through appropriate delegation of duties to various operating executives. The Total Investment & Insurance Solutions

"In the absence of a Managing Director, the Chairman of the Board, Vijay Mallya, has been made the Principal Officer of the company and has been monitoring the performance of the company through appropriate delegation of duties to various operating executives, who report to him on a regular basis," said the filing. The Total Investment & Insurance Solutions


The company has not appointed a new managing director after V. Shashikanth resigned from the executive post in May 2014. The Total Investment & Insurance Solutions


In the absence of Mallya at the company's centurion AGM, independent director N. Srinivasan chaired the proceedings and read out a transcript Mallya sent from London where he has been living since March 2 when he left India. The Total Investment & Insurance Solutions

The listed firm also informed the BSE that its board had five directors, including three independent at the end of previous fiscal year (2015-16).

Mallya and Daljit Mahal are the non-executive non-independent directors.


The AGM reappointed Mahal as director on rotation with the shareholders' consent.The Total Investment & Insurance Solutions

Rs 20,000-cr plan to ease pressure on Mumbai suburban train system-The Total Investment & Insurance Solutions

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30 September 2016

Mulling major makeover for the much-stressed Mumbai suburban train system, the Central Railway is studying an ambitious Rs 20,000-crore plan to improve services. This includes acquisition of 150 new rakes, introduction of additional routes and provision of adequate parking lines. The Total Investment & Insurance Solutions

Central Railway General Manager Akhil Agrawal told media at the Mumbai Press Club on Thursday that the Central Railway has already taken various steps like increasing frequency of trains and introducing 12-coach rakes. This has resulted in fall in deaths on tracks due to various reasons over the past eight months to 1,414 from 2,187 during the previous year.

Agrawal said he was studying the report of a committee on improving suburban services in the metropolis and will soon take an appropriate decision. The Total Investment & Insurance Solutions

The committee, formed at the instance of Railway Minister Suresh Prabhu who was shocked after a video clip of an accidental death near Thane went viral, notes that 10 people die daily on CR tracks and the basic reason for this is the huge demand-supply gap.

The committee has warned that the situation with the existing stock can be "explosive" by 2030 as the number of casualties will multiply manifold due to open doors of tghe coaches. It has underlined the need for CR trains to have air-conditioning and door closers. 

The interaction was part of Mumbai Press Club Knowledge Series programme, powered by Public Relations Council of India (PRCI). The Total Investment & Insurance Solutions

Quoting from the report, PRCI National President B.N. Kumar said CR works at 400+ per cent capacity on normal days and at times even exceeds 800+ per cent capacity. The committee called for additional exclusive platforms to handle suburban trains, new trains to bridge the gap, and stabling lines to help double the services.

The panel envisages that half of the projected investment is to go for acquiring new rakes, while the stabling lines or parking places for trains to reduce piling up of rakes -- akin to bumper-to-bumper road traffic -- will be developed on self-financing basis.

Responding to questions on parking or stabling lines, Agrawal said there was a space constraint in Mumbai city area. Hence the Railway is looking at areas like Thane, Kalyan and even beyond. "We are making provision for new rakes as we acquire them," he said.


Agrawal said punctuality on the suburban network rose by two per cent due to the improvement in the working of the system. "We are continuously monitoring and taking steps to plug loopholes," he said.The Total Investment & Insurance Solutions

Railways introduces 33 per cent sub-quota for women in catering units-The Total Investment & Insurance Solutions

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30 September 2016

The Indian Railways on Thursday introduced a sub-quota of 33 per cent for women in allotment of each of the reserved catering units and also launched a new 'Train at a Glance' and time table effective from October 1.The Total Investment & Insurance Solutions

Railway Minister Suresh Prabhu said: "The introduction of new policy providing sub-quota of 33 per cent to women in catering units is a step towards women empowerment and their increased participation in the railways." The Total Investment & Insurance Solutions

He also said that the Railways will continue to introduce such new reformative steps.

Apart from these, the Railways also liberalised station-to-station special freight rates policy, launched policy giving preference to local domicile holders for commercial licenses at stations, and introduced new system of allocating vacant berths after final charting to wayside stations.

According to the ministry, 33 per cent sub-quota reservation for women shall ensure allotment of minimum 8 per cent stalls to women at A1, A, B and C category rail stations and minimum 17 per cent at D, E and F category stations.

The highlights of the improvements planned in the new time table -- that will come into effect from October 1 -- include the specifics of the four new brands of train products.

"In this timetable, we have reduced the journey times in 350 existing trains, 75 of which have made it to the superfast category," said Prabhu.

"We have converted 240 operational halts into commercial stoppages and have for the first time provided in the time table, train connectivities to the north-eastern states of Tripura, Manipur and Mizoram," he added. The Total Investment & Insurance Solutions

Also incorporated in the time table are 36 new services, some of which have been introduced in this financial year. Some of these will be coming soon, like the 10 up and down Humsafar trains, seven Antyodaya, three Tejas and three UDAY trains, besides a number of other mail express trains, extensions, increase in frequency, diversions etc.


"The Humsafar would be the fully-AC service with optional catering; Antyodaya, the long distance unreserved superfast train for common man; Tejas will have all modern on board features like entertainment, WiFi and local cuisines etc; and UDAY will be an AC doublecker train on the busiest routes," it added.The Total Investment & Insurance Solutions

Salesforce tries to block Microsoft's USD26.2 bn LinkedIn acquisition-The Total Investment & Insurance Solutions

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30 September 2016

Cloud computing company Salesforce is reportedly trying to block the $26.2 billion Microsoft-LinkedIn deal, arguing that Microsoft's acquisition of the enterprise social network LinkedIn will be anti-competitive. The Total Investment & Insurance Solutions

According to a report in pcworld.com, Salesforce Chief Legal Officer Burke Norton will take the company's argument to the European Union's anti-trust authorities.

"Microsoft's proposed acquisition of LinkedIn threatens the future of innovation and competition," Norton said in a statement. The Total Investment & Insurance Solutions

"By gaining ownership of LinkedIn's unique dataset of over 450 million professionals in more than 200 countries, Microsoft will be able to deny competitors access to that data, and in doing so obtain an unfair competitive advantage," Norton added.

Salesforce - now rumoured to be in the race to buy micro-blogging website Twitter - was also in the fray to acquire LinkedIn. The Total Investment & Insurance Solutions

After losing to Microsoft, Salesforce CEO Marc Benioff has showed his concerns over the deal, urging the Federal Trade Commission to "scrutinise Microsoft's plans for LinkedIn".

Microsoft President Brad Smith, however, said "the deal has already been cleared to close in the US, Canada, and Brazil," Wall Street Journal reported.

In June, Microsoft announced to acquire LinkedIn in an all-cash deal, billed as one of the largest such pacts in the global social media space.

LinkedIn, which has nearly 10 per cent of its over 430 million users in India, will retain its distinct brand, culture and independence and Jeff Weiner will remain the chief executive of LinkedIn, reporting to his Indian-born Microsoft counterpart Satya Nadella, the tech giant said in a statement. The Total Investment & Insurance Solutions

The deal, expected to close within this year, works out to over $60 per LinkedIn user.


Microsoft will pay $196 per LinkedIn share -- a 50 per cent premium to LinkedIn's closing price on June 10.The Total Investment & Insurance Solutions

Nifty, Sensex may rally if weekly lows hold – Weekly closing report-The Total Investment & Insurance Solutions

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30 September 2016

I had mentioned in last week’s closing report that Nifty, Sensex were trendless. The major indices of the Indian stock markets suffered a sharp correction during the week due to deterioration in Indo-Pak relations. The trends of the major indices in the course of the week’s trading are given in the table below: The Total Investment & Insurance Solutions

Weekly market (The Total Investment & Insurance Solutions)

Indian equity markets plunged on the back of negative global cues and caution ahead of F&O (futures and options) expiry during the mid-afternoon trade session on Monday. The key indices traded in the red with losses of more than 1% each, as selling pressure was witnessed in stocks of banking, automobile and capital goods. The BSE market breadth was tilted in favour of the bears -- with 1,644 declines and 1,052 advances. On the NSE, there were 542 advances, 1,070 declines and 259 unchanged.  Volatility in global crude oil prices and negative Asian markets dragged the Indian equity markets lower at the start of the day's trade, pointed out market analysts. Lower European market accelerated the falls in the key domestic indices. Unwinding of positions ahead of F&O expiry also depressed the equity markets. The CNX Nifty traded lower tracking negative global cues. IT and banking stocks traded down on profit-booking. Auto and oil-gas stocks traded with sideways sentiments. The Total Investment & Insurance Solutions

India's foreign exchange reserves went down $369.60 billion as on September 16, the Reserve Bank of India (RBI) announced on Monday. According to data released by the RBI, the reserves stood at $369.60 billion as on September 16, as against $371.27 billion as on September 9. On September 16, the foreign currency assets stood at $344.07 billion, gold at $21.64 billion, special drawing rights at $1.49 billion and the reserve position in the International Monetary Fund (IMF) at $2.39 billion. The Indian stock markets did well in attracting investments from foreign institutional investors, when the foreign exchange reserves moved down.

On Tuesday, the key indices closed in the red as selling pressure was witnessed in capital goods, banking and automobile stocks. The BSE market breadth was tilted in favour of the bears -- with 1,430 declines and 1,254 advances. On the NSE there were 614 advances, 828 declines and 61 unchanged.  IT (information technology) stocks traded with mixed sentiments, while banking stocks traded down due to profit booking. Textile and FMCG stocks traded with mixed sentiments on profit booking, according to market analysts.

State-run Coal India Ltd's share buy-back offer will open from October 3 to October 18, a regulatory filing said on Tuesday. Coal India board had approved the buy-back of over 10.89 crore shares at a price of Rs335 per share for an aggregate consideration not exceeding Rs3,650 crore. SBI Capital Markets Ltd on Tuesday informed about the letter of offer regarding buy-back offer to the equity shareholders of coal miner. "The buy-back offer size represents approximately 24.95 per cent of the aggregate of the fully paid-up share capital and free reserves, as per the audited accounts of the Company for the financial year ended 31 March 2016 and is within the statutory limits of 25% of the aggregate of the fully paid up share capital and free reserves as per the audited accounts of the Company for the financial year ended 31 March 2016," the filing said. Coal India shares closed at Rs332.00, down 0.20% on the BSE.

Value buying, along with short covering and a firm rupee, lifted the Indian equity markets during the mid-afternoon trade session on Wednesday. Buying was witnessed in automobile, banking and capital goods stocks. The BSE market breadth was tilted in favour of the bulls -- with 1,644 advances and 1,003 declines. On the NSE, there were 932 advances, 482 declines and 70 unchanged. The Total Investment & Insurance Solutions

The banking sector, especially the public sector banks, led the recovery. Positive European markets and a firm rupee have also supported the upward movement. The CNX Nifty traded with firm sentiments due to short covering. IT (information technology) stocks faced profit booking at higher levels. Auto, oil-gas and textile stocks also traded firm. Aviation and FMCG stocks traded with mixed sentiments due to profit booking. Power and cement stocks also traded firm on buying support. The Total Investment & Insurance Solutions

Indian equities tumbled sharply on Thursday after the army said it conducted surgical strikes on terror camps along the Line of Control (LoC) in Jammu and Kashmir, inflicting "significant casualties". The barometer 30-scrip sensitive index (Sensex) of the BSE, which was ruling strong in the morning after the unexpected production cuts agreed to by oil producing countries, took a fall of more than 500 points after the relevant briefing by the Indian Army. However, value buying arrested the steep falls and led to a bounce back. Nonetheless, speculative selling, profit booking and derivatives expiry dynamics again dragged the key indices lower during the late-afternoon trade session. The BSE market breadth fell prey to the bears -- with 2,297 declines and 442 advances.  On the NSE, there were 77 advances, 1,415 declines and 31 unchanged.

The CNX Nifty and Bank Nifty traded down on selling pressure. IT (information technology) stocks witnessed some recovery at lower levels tracking firm USD/INR futures prices. Banking, pharma and auto stocks traded down on selling pressure. Aviation stocks traded down tracking higher crude oil prices. Oil-gas, textile and FMCG stocks also traded down on over all selling pressure in the market. The Total Investment & Insurance Solutions

The Indian currency, which opened at 66.44 to a US dollar, had already depreciated in the initial hours of the day's trade in line with the weakness in Asian currencies. The sharp fall occurred around 1.00 p.m. when the rupee depreciated to 66.95 to a US dollar. This level was last seen on September 22. However, the Indian currency bounced back marginally to 66.85 to a greenback before speculative selling dragged it lower to 66.90 at 4.10 p.m. on Thursday.


Value buying and short covering, along with a recovering rupee, buoyed the Indian equity markets on Friday. The key indices traded in the green during the late-afternoon session, as buying was witnessed in automobile, oil and gas, and banking stocks. On Friday, the major indices closed with small gains over Thursday’s close.The Total Investment & Insurance Solutions

Thursday, 29 September 2016

Easing into Easements, Not Easy-The Total Investment & Insurance Solutions

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29 September 2016
No Parking(The Total Investment & Insurance Solutions)

You own a home. “A man’s home is his castle.” It means that you can let in, or keep out, anyone you want. None can use that which belongs to another. Period. The Total Investment & Insurance Solutions

Why then does the State, to whom the roads belong, allow you to use them for free, but charges the motorists? It is due to the ‘law of easements’, a law based on the use of property owned by others. It allows the use, enjoyment and extraction of profit from that property. The fisherman casts his net and sells the catch; the forest-dweller has rights over forest produce, just as herders have over certain grazing lands. But does the law allow indiscriminate car parking, a big bone of contention with city-wallahs!?

You be the judge. The Total Investment & Insurance Solutions

A man owns a plot of land. He is surrounded by others and has no access to the main road. You are one of the neighbours. Would you, even as a judge, allow him ingress and egress through your plot? Good neighbourly relations? The Total Investment & Insurance Solutions

Some Scottish cases caught our attention. In 1899, in Cronin v/s Sutherland, a court had to decide whether horse-drawn carts could carry asphalt, on a road where the right existed only for manure and fuel transport. It opted for strict interpretation. Coming to modern times, another problem cropped up in Moncrieff v/s Jamieson. This time, it was cars. And the problem was with the right to park. The Total Investment & Insurance Solutions

You be the judge. The Total Investment & Insurance Solutions

Would the right to traverse a road also allow parking thereon? Your answer may depend on whether you own the land or the car. But what would be the judicial remedy?

Feudal societies had ideas of ownership that were different from ours. Where once drovers drove animals over vast tracts of land, the animals naturally rested. They ate the grass. Cattle bit it. Sheep pulled out the roots too. The implications were built in. The Total Investment & Insurance Solutions

Times change. While Cronin stuck to the letter of the contract, “so as not to make the burden upon the servient tenement more heavy…”, Moncrieff wavered. However, in ‘Johnson, Thomas and Thomas v/s Thomas Smith’, circa 2016, again Scottish, Sherriff Reid was more distinct. The case involved parking of caravans since 1989. Twenty years, without notice, helps establish a right. The judge (Sherriff) called for records but, more importantly, clarified what parking actually meant. He queried if it was temporary, and for varying and extended periods. What of broken down vehicles? Did the parking amount to storage? Were the balls red, white or pink? Horses for courses. The Total Investment & Insurance Solutions

These cases show that the problem is perennial and not susceptible to rigid solution. Each matter will be decided on a case-to-case basis. The contractual document needs be thoroughly drawn up. While it may be impossible to touch all bases, and we have amongst us brilliant minds seeking loopholes, the positive and negative actions need amplifying.

In India, access is an easement must. Locked-in properties get the easiest route, a minimum of five metres width, to allow heavy vehicles. If the road is used by many, parking must be banned and so specified. Pedestrians have easement rights per se. Motorists pay for use of public roads and, therefore, can legally be denied that right, just as the railways restrict use of over-bridges to ticket-holders. The Total Investment & Insurance Solutions

To end an exhilarating exercise, the best remark comes from a British judge. “There is a common misunderstanding that an Englishman’s home is his castle in the sense that he can build walls, put up gates and do other acts on his land whenever he chooses, and without regard for his neighbours. While it is often true that a person can do what he wants on his own land, it is not always so. The law expects neighbours to show some give and take towards each other.” 

And then what would the lawyers do? Make-in-India loopholes? The Total Investment & Insurance Solutions


India lacks dispute-resolution mechanism over water: Experts-The Total Investment & Insurance Solutions

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29 September 2016
 

Pond(The Total Investment & Insurance Solutions) 
It is "crucial" for India to manage domestic water concerns for enhanced regional cooperation, opine experts, pointing to the urgent need of a "dispute-resolution mechanism" that engages multiple stakeholders and embraces an ecological view of the problem.
                         
But given the scale and sensitivity of these discords -- India has seen a spate of such water conflicts this year -- experts lament the absence of a "proper environment" and a structured approach to ease the friction over water. The Total Investment & Insurance Solutions

"Water issues are as much an inter-state (country to country) problem as much as they are inter-provincial (discord between Indian states) problems. In fact, the stress increasingly will be more on the inter-provincial sharing of waters, triggering friction between the Centre and the states," Uttam Sinha, an expert on climate change and water security, told IANS.

"For India, managing the domestic water concerns is crucial. It directly links to the regional water cooperation," said Sinha, a fellow at New Delhi's Defence Ministry-funded think-tank Institute for Defence Studies and Analyses (IDSA), stressing on a dispute-resolution mechanism.

In the aftermath of the Uri terrorist attack, Prime Minister Narendra Modi met key aides to review provisions of the Indus Waters Treaty with Pakistan and to increase India's use of the river waters. Down south, the Cauvery conflict between Karnataka and Tamil Nadu continues to fester. In the east, the Mahanadi river is a bone of contention between Odisha and Chhattisgarh while Bihar blames the Farakka Barrage in West Bengal for siltation.

Compounding the dilemma is the absence of a systematic response to emerging crises in the water sector, ecological economist Anamika Barua highlighted.

"The biggest challenge at the moment is lack of agency at the state, national as well as international levels to systematically respond to emerging crises and reinforce cooperation within the country and also at the trans-boundary level," Barua, Associate Professor in the Department of Humanities and Social Sciences at IIT-Guwahati, told IANS. The Total Investment & Insurance Solutions

Advocating an "open, inclusive and scientific platform" where states can meet regularly, and not only during emergencies, Barua drew attention to the perils of excluding stakeholders like scientists and civil society from closed-door political meetings on these matters.

"Many of these conflicts are politically motivated, so it is very difficult to say whether they are real or political parties take advantage of opportunities when they see such crises," said Barua, who is also associated with the SaciWATERs Brahmaputra Dialogue project.

Earlier this year, India's water woes pushed the country to the top among 11 nations in The Environmental Justice Atlas, an interactive portal that maps ecological conflicts, resistances and environmental injustices. The Total Investment & Insurance Solutions

"It's not just in India that we see these problems. Water has been a source of contention in the US and throughout Europe. And they have always come to agreements about navigation, about environment, about fisheries. It's in India that it hasn't happened. This country doesn't seem to be involved in (the creation of) a proper environment to settle these problems," former Foreign Secretary Kris Srinivasan told IANS. The Total Investment & Insurance Solutions

"In China there is a strong central government which can lay down the law but in India, which is a federal country, states have to be involved," Srinivasan emphasised.

Even the National Water Framework Bill (NWFB) drafted by the Union Ministry of Water Resources, fails to bring in an adequate framework for dispute resolution, noted environmental economist Nilanjan Ghosh, who recommended a river basin authority (RBA) approach for both international and inter-state water issues. The Total Investment & Insurance Solutions

"There is need for a basin-level authority with greater autonomy, greater powers, and which can initiate actions to prevent degradation of freshwater ecosystems and can initiate actions against all kinds of stakeholders, including state governments, for any form of violation," Ghosh, professor and head of economics, Observer Research Foundation, Kolkata Chapter, and Senior Economic Advisor, World Wide Fund for Nature, told IANS. The Total Investment & Insurance Solutions


"We need to start at the bottom... go for a bottom-to-top approach in the river basins which we have not done at all... this means you start at the watershed level and involve the people at the grassroots," Himanshu Thakkar, coordinator of the South Asia Network on Dams, Rivers and People, told IANS.The Total Investment & Insurance Solutions.