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Fwd: Fw: Fw: Fw: Fw: Very lucky you are...

--- > Whoever receives this will receive an abundance of unexpected money or some very good news Forward this to 20 people within 20 minutes of receiving this.   ====)-----*

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KCFAMI

TEST FOR YOUR EYE.

TEST FOR YOUR EYE A small test to check eyesight yourself. Hope it will work. please follow the guide.         1.   First close one of your eye .    2.   Move your mouse point at the red '! ".  3.  Press ctrl+a 4.  Then u'll see the result. Stupid ! People ask you to do something and u do it without applying your mind ;) YOur eye sight is allright,But YoUr Mind has gOt Problem hehehehe   .. Ha..HA..HA.. !!!   NOW ENOUGH...GO BACK TO UR WORK ...  I am also a VICTIM of this ..

 If u r angry THEN SEND IT TO YOUR BEST FRIEND ..   

 

 

 

 

 

 

 

 

 

 

 

 

 

                 
 

John

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KCFAMI

Hey

We've known each other for quite a while now, do u think we can b more than friends? cos i like u very much.


















will u b my partner 2 rob a bank?


April 1st 2010

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KCFAMI

Fwd: How Different Countries Debate in Parliaments/Congress

e

How Different Countries Debate in Parliaments/ Congress   TURKEY   MEXICO   SOUTH KOREA   UKRAINE   RUSSIA   ITALY   TAIWAN   INDIA   JAPAN   See what happens during political meetings in People's Republic of China ...     Peaceful,   Harmonious   and   No disturbance.

__._,_.____._,___

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KCFAMI

Fwd: Tintumon ROCKZZ

AUTO Autoyil ninnirangiya tintumon:ethrayayi Driver:100 roopa tintu mon 50 roopa koduthu,appol choodaya driver:ivide vare sughich irunnallo ennit 50 roopayo Tintu:thaanum ivide vare sughich irunnathalle,thante paisa enthina njan tharunnath ??? MANDAN Teacher: "Eee classil mandanmar undenkil ezhunnettu nilku" Aarum ezhunnettilla. 10 second kazhinjappol Tintumon ezhunnettu. Teacher: "Oho… Ne mandanano ?" Tintumon: "Teacher ottakku nilkunnathu kandappol sankadam thonni ..! " NO FREEZE LIQUID Teacher: 'Freeze aakatha oru liquid-nte peru parayoo' Tintumon: 'Chooduvellam' INTERVIEW Malayalam pareeksha ezhuthikondirikkunna tintumon Q: prashastha kavayathri Sugathakumariyumaayulla oru abhimukham ezhuthuka tintumon inganne ezhuthi….. Njan: namasthe teacher.. njan teacherumaayi oru abhimukham nadathaan vanathaanu Sugathakumari: samayamila mone..poyittu pinne varu. Njan: shari teacher kali tintumonnodo??? SSLC SSLC 10 vattam ezhuthi thotta Tintumon thante PEN, examination board nu ayachu koduthu.. Oppam oru kurippum: . . . . . . . . "Aayudham vechu keezhadangunnu!" MADIYAN Teacher : Ettavum $hakthiyula oralude peru parayamo? Tinttumon : "Madiyan" Teacher : Wat? Tintumon : Teacharalle paranjadu madiyan mala chumakum ennu… BEGGAR Bus Cunductor: Why are you standing near the door, is your father a watchman? Tintu Mon: Why are you always asking for "Chillara", Is your father a Beggar ?? PROFESSOR A professor to tintumon: "what is attention deficit hyperactive disorder?" tintumon: "JIMBALAKDI BAMBA" professor: "i dont understand anything" tintumon: "same 2 you" MOTHER Father to Tintumon: Why can't you not think every woman as your mother? Tintumon: I can, but if i did so, what will people think of you? THARAVATTIL PIRANNAVAN tintumon :amme njan enganeya undayathu? amma:mone nee vellapokkathil ozhukivannatha tintumon:appol ammayum achanum appooppanum enganeya undayathu? amma:njangalum vellapokkathil ozhukivannatha tintumon:appol evide tharavattil piranna otta orennam ellalle BHAKSHANAM Tintumon: 'Achaa oru kaaryam parayyan undayirunnu.. Achan:'Bhakshanam kazhikkumbol mindaruthu…' (After eating) Achan: ini para entha parayaan ullathu? Tintumon: Achante food il oru palli undayirunnu…!!!!!! LKG-TINTUMON To be is to do(Socrates) To do is to be(Plato) To be or not to be(Shakespeare) Aaha angane vittal pattuo..Scoo be do be dooo(Tintu mon, LKG)…….. CHEMISTRY Teacher : What is "Al2 O3″ ? Ramu : Alumina. Teacher: Tintu, What is 'Fe2 O3″? Tintumon : "Filomina" 1000 ROOPA '1000 rupakku enth meedichalum oru sari free' next day kadayil oru bhahalam tintumon 1000 rupakku 'chillara' medichu sari venamennu paranju bhahalam vekkunnu… Tintumonte 3 Supradhana kandethalukal. 1)Prove thumbi=goat Proof:Ponnola thumbi poovali thumbee aadu aadu nee aadadu….. Hence the proof ############################ 2)Education dept.inde thonnivasam Question paper ennu paranju tharunna paperil full qns undavum…..pakshe answer paper aanennu paranju tharunnathil oru answerum undavarilla…. ############################# 3)Moments pass, seconds pass, hours pass, days pass, years pass……. Nammal mathram pass aavunnillallo athentha?       ----

 

 

 

 

 

 

 

 

 

 

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KCFAMI

BEST SMS JOKE LAST WEEK

 

 

 

Fwd: A Letter from 2070.................... must read

Please forward to  all, Take it as a Warning   Best Regards,

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KCFAMI

Govt tightens ECB norms with immediate effect

In what is being seen as a move to rein in a rising rupee, the government announced restrictions on external commercial borrowings, or ECBs. It hopes that this will reduce the flow of dollars into the country. 

 

The new norms state that a company can raise up to USD 20 million dollars through the ECB route after getting RBI's approval.

 

But ECBs over USD 20 million can only be spent overseas. This move comes after India has seen unprecedented dollar inflows through ECBs. In the period from April-July, India has received ECBs to the tune of USD 9 billion.

L&T has said that the rupee expenditure on capex will get curbed after the new ECB norms. They added that the new ECB norms are seen as impacting borrowing by 75-100 bps and they are unclear on the impact on the infrastructure sector.

Mahindra & Mahindra has said that the cost of funds may now be slightly higher than borrowing in dollars on a fully hedged basis. The cost of borrowing would depend on rating of the borrower, the company added.

 

Tata Motors said that the guidelines may result in borrowing cost for industry at large to increase to some extent. It will certainly help industry, if these guidelines are a short-term measure, it added.

Bankers have commented that the dollar may jump to Rs 40.75-41.00 tomorrow.

Software to track all your bank dealings

The finance ministry has asked banks to install software to track all bank transactions so that any suspicious dealing can be detected and reported to the Financial Intelligence Unit (FIU). Banks are talking to software companies for developing in-built alert systems to detect suspicious transactions to keep a tab on money laundering and terror financing. So, each time a customer transacts with a bank, it would be scanned and an alert will be issued if it falls within the parameters of being suspicious.

"Suspicious transactions are being identified manually but there is a need to further streamline the process to make it more efficient," a government source said. The matter is being treated with lot of urgency as in the recent past, bank dealings have given key leads to security agencies in nabbing offenders in a drug racket case and a Maharashtra bomb blast case. This would make the system more efficient and information could be given to the concerned agencies well in time for their use.

Detecting suspicious dealings is a cumbersome and time-consuming process and makes it a difficult proposition for banks as it would require dedicated manpower in every branch. At times, agencies are unable to do much because details do not reach them in time. Software alerts can be sent out immediately to FIU. Some banks have already moved quickly on this.

For example, Punjab National Bank (PNB) has roped in TCS for a data warehousing project that will take off in six months. According to PNB GM (IT) RIS Sidhu, "We have developed an in-house software to track suspicious transactions based on abnormal findings with respect to the observed history of the account." If a customer can explain the discrepancy in a transaction to the FIU, he will not be implicated, he added.

"Most new accounts are classified based on the risk perception of the bank about the account holder, but the old accounts are not classified in this way. For such accounts, the history of transactions becomes important. There are in-built alarms in the software that throw up transactions that are inconsistent with the pattern of the account. Factors such as quantum and source of funds determine a suspicious transaction. Hawala transactions, terrorist financing and unaccounted NRI remittances can be detected by the software. Know-your-customer (KYC) norms are also crucial in giving leads for such transactions."

All banks have to mandatorily submit cash transaction reports to FIU. The reports have data about cash withdrawals and deposits above Rs 10 lakh. Around 13 lakh such cash transactions have been tracked by banks in the last year.

The provisions under the Prevention of Money Laundering Act requires the entities to maintain a record of transactions: all cash transactions of a value greater than Rs 10 lakh or equivalent foreign currency, series of cash transactions that have taken place within a month (integrally connected to each other) and total value of more than Rs 10 lakh, cash transactions where forged or counterfeit currency notes have been issued as genuine and all suspicious transactions whether or not made in cash.

It may be noted that in April, RBI had notified that all scheduled commercial banks will implement better procedures and systems to track wire transfers both domestic as well as cross-border. India — which got observer status in global force against money laundering, the Financial Action Task Force, in February — is keen to become its member.

It recently became a member of the Egmont group that will allow FIU to share information with other such bodies globally. Membership of FATF requires tightening of the monitoring mechanism in the financial sector as also giving more teeth to PMLA.

Rupee shines against dollar

It had to be a good day for the rupee right from the word go, because the dollar has had an extremely weak day globally. It is weak against all majors practically against the Yen, Euro and the pound particularly. Early morning it was a no-brainer to expect the dollar to take quite a badgering and the woes of the dollar-rupee was compounded by the fairly decent performance of the Indian equity markets especially in the early morning session. And whatever the cause of the equity markets, the amount of dollars coming into the system is not funny. It is almost as though the FIIs are marching into the country like a tidal wave.

And the bigger concern for the dollar has been the manner in which Indian companies especially exporters have been selling. The forward dollar crashed so sharply over the last three weeks which was something around Rs 1.50 or Rs 1.60 about 3 weeks ago whereas yesterday it had crashed all the way to Rs 0.45.

So when you are losing Re 1 in just three weeks, people were just coming in and selling dollars at every spike. So it was really dollar selling all the way but there was this one bastion of support coming from RBI. Solid support was seen coming from PSU banks, buying dollars. Some market estimates say that RBI could have bought something like USD 1 billion today. That was the kind of solid support they were giving the dollar.

Money markets had a huge ride in early morning trades on Monday. So it was profit-taking time today. Also, as you get closer to the credit policy, which is due next Tuesday, a week from now, people become wary and want to book their gains and that's what you saw. But there can't be too sharp a fall either for the bond markets because there is so much of cash in the system and if theRBI has indeed bought USD 1 billion, it has put in Rs 4000 crore into the system. With the call giving like a 0.25% and even less, banks have to push their money somewhere. So even if T-bills give you 5% and 6% you will see them coming in and buy. You can't see bonds falling for a very long time.

Life cos on mortality tables

The much-awaited new mortality tables for the life insurance market, which have been pending for more than a year now, are likely to come out in the next six months.

These tables are almost a decade old and the industry, as a whole, has been asking for revised mortality tables to give an accurate picture of life graph on today's consumers.

LIC chief actuary GN Agarwal said, "We arrived at an agreement in today's meeting with the life insurance council and the Institute of Actuaries of India to form a governing committee. This committee will carry out the collection and procession of data, which would help in the computation of new mortality tables for the life insurance industry."

The agreement has been signed by both parties after having arrived at some consensus, he added. In recent years, there has been a move to have an industry-level body to compute life expectancy levels. This has resulted in the creation of the Mortality and Morbidity Research Institute (MMRI), an arm of the Institute of Actuaries of India.

This institute will collect data and relevant statistics from insurers. However, the data and insurers' individual experiences would be highly confidential. Every insurer can have an access only to its individual information and industry-related experiences.

"Everybody in the insurance industry welcomes this move. In fact, the confidentiality of information has comforted insurance players to share their experiences and data with the research institute," said sources.

One of the main reasons for proposing changes in mortality tables is the steady increase in longevity. As per industry estimates, the average life expectancy of Indian men has increased to 63.87 years from 59.7 in 1991 and that of women to 66.91 years from 60.9 in 1991. An increase in longevity usually prompts insurers to revise premium charges once in a few years. Prices are based on a `mortality table' which is computed based on historic data on life expectancy rates at different ages.

The research institute will carry out fresh calculation on mortality rates, life expectancy and relevant numbers for mortality tables in different consumer pockets in the country, said Life Insurance Council secretary general SV Mony. Mortality tables are used to calculate the premium of an insurance policy. For now, private insurers use LIC's mortality tables as a base and combine that with their own claim ratios for calculating the premium. One of the main reasons why insurers depend on LIC's mortality tables is that mortality calculations require some historical data. However, once the MMRI releases the revised mortality tables, insurers will use them as a base, along with their own claim ratios, to compute the premium.

Is India losing its IT edge?

High costs and high attrition could drive Indian software companies to set up shop in other countries. That's what Infosys CEO Gopalakrishnan believes.

Well, Malaysia could be one of them. The Malaysian government is gearing up to take advantage of India 's problems.

 

The information technology park in Kuala Lumpur could rival the dozens of India's IT parks. Called the Multimedia Super Corridor or MSC, this 15 kilometre wide IT park was set up by the Malaysian government a decade ago to herald its presence in the IT space.

 

And the initiative is starting to pay dividends. The IT park has attracted over 1800 domestic and multinational companies on the back of zero corporate tax, unrestricted employment of foreign workers, single window government clearance and of course, the world class infrastructure, both inside and outside the IT park.

 

The MSC strategy is to promote Malaysia as a low cost, low attrition center for outsourcing. MSC officials say the high costs in India are unsustainable, and the high attrition rates, unacceptable. The only problem here is the availability of local quality talent. And to address this issue, MSC has tied up with Infosys to train Malaysian graduates.

 

Dato Narayanan Kanan, Sr VP -  Industrial Development, Government of Malaysia said, "We are learning from the problems India is facing. That is why we do not encourage poaching. It then becomes a vicious cycle."

 

Satyam already has a presence in MSC. And it seems pleased with the experience so far.

 

P Kunda, Satyam Malaysia said, "The Malaysian government response, be it to infrastructure, or helping us out with resources, is just fantastic. It's a long term growth story."

 

And while the recent Frost & Sullivan survey still ranks India as the no.1 choice for outsourcing, experts believe this advantage could quickly disappear.

 

Aroop Zutshi, Sr Partner, Frost & Sullivan said, "We ourselves are facing 30-35% attrition. It's a huge issue and could lead to many companies looking at other countries."

 

It may be then be just a matter of time before Indian IT giants move to greener pastures.

Yahoo buys 35% stake in Tyroo Media

Yahoo Inc on Wednesday said it will buy over 35 per cent in Gurgaon-based Tyroo Media Pvt Ltd. Tyroo, a part of Smile Interactive Technologies Group (Smile Group), is an ad-network, which offers services for advertisers and publishers.

The investment is expected to enable Tyroo to access Yahoo's knowledge of Internet advertising and help Tyroo in expansion. Yahoo, however, did not divulge the quantum of the investment.

"Through this investment, Yahoo would act as a catalyst for the entire ad-network industry in India, which is still in a nascent stage. It would also signify our increasing focus in Indian online advertising networks," Mr George Zacharias, Managing director of Yahoo India, told reporters here.

The cash infusion by Yahoo would be used to invest in technology and sales network to reach out to small and medium sized advertisers and publishers in India. Tyroo plans to offer newer ad-formats, enhanced customer support and flexibility to advertisers and publishers in managing campaigns. Tyroo is planning to to set up sales offices across the country and recruit more people by the year end. Yahoo will get a seat on the board of the company.

Re climb not all bad news; loans get profitable

The rupee may be the devil for IT companies, but a pleasant surprise for many others.

For much of India Inc that has dollar and yen loans, first quarter results may actually show a sharply higher 'other income', as Indian companies are spinning profits out of loans in their Q1 results.

Large amounts of ECBs, 16 billion in FY07 and 6.6 billion in the Jan-March quarter.

Much of these are yen loans taken when the  dollar was at Rs 44 and at 118 yen.

From March 31 to June 30, the dollar has slipped from Rs 43.45 to Rs 40.60,  a fall of 7%.

While the yen has slipped from 117.75 to 122.40, that's a drop of 4%. For Indian companies, this means their yen loans in rupee terms, will get smaller by 12%, QoQ. And if these loans are unhedged, the fall in the rupee value of the loan will show up in the loan revaluation account in their Q1 results.

It will be included in the net forex gain and get added to other income. The list of companies that took loans in the Jan-March quarter include marquee names like Rel Comm, Reliance Industries, Bharti Telesystems, JP Associates, HDFC, Jet Airways, HPCL, Rajesh Exports, Bajaj Hindustan, GMR and NTPC.

While strictly, these gains can acrrue to anyone who has taken a foreign loan last year, it is likely that loans taken in 2006 were hedged. But companies, that took their forex loans in the Jan-March quarter are unlikely to have hedged and may hence report gains to the extent of 12% of their loans in their forex account.

India's forex reserves at $214.835 bn

The forex reserves as on July 6 are up by USD 51.57 billion on year, and stand at USD 214.83 billion, Network-18 reports.

The WMA to the government has been Rs 31,949 crore as on July 6, up by Rs 16,790 crore on week basis, the report added.

BSNL switches focus to CDMA mobile

With its GSM cellular project stuck in controversy, Bharat Sanchar Nigam Ltd is pushing its CDMA-based mobile services. It has launched a pre-paid SIM-card based service on the CDMA platform for Rs 200 a month.

Over 80% of BSNL's cellular user base is on the pre-paid platform. However with the company running out of capacity on its GSM network, BSNL is hoping to get a significant part of the new subscribers on its CDMA platform. The tariff plans for the CDMA pre-paid card is similar to BSNL's GSM tariff schemes.

The capacity crunch in the GSM segment has resulted in BSNL losing significant market share over the last two months with just about 3 lakh new wireless subscribers being added every month compared to a million new users earlier. BSNL has about 27 million GSM subscribers and 3.5 million CDMA users. Since the company has so far been focusing on the GSM space, it has some unused capacity on its CDMA network. BSNL had ordered a network for 2 million CDMA subscribers in 2006 while the last GSM equipment order was done in 2005. According to industry sources, BSNL is finalising plans to issue a fresh tender for procuring CDMA equipment.

BSNL has also decided to launch data services on CDMA 2000 IX which will provide Internet surfing at 44 kbps. The company is also deploying EVDO technology, which is a third generation wireless platform. Until now, BSNL has been primarily using CDMA technology to connect last mile in rural and remote areas through wireless in local loop platform. According to sources the company may now expand the service to make it a full-fledged mobile service as it does not cost much to upgrade the network.

Will voting Taj among 7 wonders help tourism?

The Taj might get voted in as one of the New Seven Wonders of the World. CNBC-TV18 finds out what it will mean for the travel and tourism industry.

Even though it is the most photographed tourist attraction in India, the Taj Mahal attracts only 2.4 million of the 5 million foreign travellers who visit India.

If the Taj Mahal becomes one of the new wonders of the world, it could help boost the number of visitors the monument receives. But if the government wants capitalise on the opportunity, it will have to make more efforts to improve road and air links to the city that hosts it - Agra.

Mercury Travels' CEO Aashutosh Akshikar says, "Again, we get back to the basic - it is a combination of doing things right outside and on the ground in terms of infrastructure, which will help get the numbers up. There are no two ways about it."

While the Taj Mahal is the 50th most visited tourist site in the world, it fares badly when compared to other candidates for the New Seven Wonders list.

Last year, the Great Wall of China had over ten million visitors, while the Eiffel Tower and the Statue of Liberty got over six million tourists each.

India's travel and tourism industry is expected to generate USD 6.1 billion this year and is likely to account for 5.4% of India's GDP. And, being one of the new seven wonders of the world can always help these numbers go up.

Cadbury India launches Bubbaloo bubble gum

The Rs 10,000 crore chocolate company, Cadbury India, is taking another shot at the confectionary space.

 

After withdrawing its mass-market gum brand, Bilkul, the company has launched a new bubble gum - Bubbaloo from its global portfolio. The competition is stiff and the company aims to capture 5% of the gum market in the next two years.