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Showing posts with the label News Flash

Improvement Project of Science Construction CS

Abstract Science Construction’s business is in planning, developing and building road projects. The major of its clients are municipalities, city governments, and other public sector entities. While the bankruptcy rates for these clients is very low, when economic downturns happen, their ability to pay in a timely fashion also suffers. This leads to businesses such as Science Construction needing to take on additional debt and to find creative methods in order to stay afloat during times of recession. Methods such as selling accounts receivables at discounted rates and taking larger lines of credit through banks and other lending institutions are some of the ways organizations can remain viable when their cash inflows have turned into a trickle. Science Construction is asking the Turkish Courts to postpone their bankruptcy proceedings for a year while they attempt to restructure. Through this, suggestions such as forcing shareholders to pay their debt to the organization, gaining credi...

No more correction on Cheques

My readers in India better note that from 1st of July this year no more correction is permissible while writing Cheques. Only exception you can correct the date and as usual authenticate with your specimen signature that you use while writing the cheque. So far any correction on the face of cheques needed your signatures, be it the amount written in words or figure or the payee's name etc. The banking law has been corrected to nullify the age old practice except the correction in date. So, those of you are in habit of overwriting or making corrections better be careful and avoid embarrassment for you and others. From the 1st April 2010, your savings bank account with any Bank in India will accrue interest on daily balance basis. The old practice was interest used to be calculated on minimum balance in your account between 10th and last day of any month. This way of course you will be benefited.

India and ASEAN signs Trade in Goods Agreement

ASEAN –Southeast Asian trading bloc and India at last are prepared for signing a free trade agreement in goods like European Union style open market. The pact was supposed to have been reached last year but could not be, because there was some difference of opinion on products that India wanted to exclude from tariff cuts. New Delhi bad submitted a list of 1414 products, while the ASEAN`s target number was 400. India`s commerce minister Mr Kamal Nath described as “key regional milestone” this Trade in Goods (TIG) agreement with the 10 member ASEAN. The deal is likely to be signed in the next December in Bangkok during Indo-Asean summit. The minister observed “The countries of East Asia are important drivers of growth……with large consumption to drive global economies”, he referred to the combined market of 1.5 billion people that is waiting to be tapped. India and ASEAN currently enjoy a total trade of $38 billion and expect it to touch $50 billion by 2010. Under the pact India and ASEA...

INDO-PAK JOINT VENTURE MAY BE ON ANVIL!

Indian burses welcomed the verdict regarding the stability of the Government. The sensex and nifty has risen remarkably to -day i.e 23rd July 08. Well it may be initial euphoria as well. One cannot be certain that days of the bear are over. Better wait and watch is advisable for serious investor, day trader are indulging usual betting and making their money. Most of them off course making up their loses what they might have incurred earlier. However there is some good news in international scenario. The crude price is cooling down, though that also cannot be taken as certainty. With the crude price coming down, if at all, reining inflation can be easier. The progress of monsoon is hopeful and likely to meet the expectation. Though the growth rate is under pressure in the current quarter and likely to affect the projected growth rate at the year end. Still if the situation improve day by day, than it would not as bad as the market Gurus have been predicting. The mutual funds are sitting...

ANSWER FOR CANCER; A NEW HERBAL CURE

There are lots of debates on over the use of cell phone for years. There is some evidence available that it may cause brain cancer. Not only that, it affects that part of the brain which remains in the side the user usually hold the phone. Recently in Britain extensive research is undertaken to find the facts. It is likely to take few years, since the use of cell phone is hardly a decade old. The industries concerned, in the mean time, fearing any adverse report in the pipe line, are making the hay while sun shines. Cancer the dreaded disease is yet to find a remedy. The research is on all over the world, some breakthrough is made time to time but no proper cure is found yet. Like many inventions that took place, while searching for something else, such as x-ray; a wonder drug for cancer seems to have been found out in India. It is in the north-eastern part of India, in the province of Manipur, the scientists have identified finally and gave name of a plant, traditionally called `Kam-s...

Reining Indian Inflation

A #1 English daily in India reads “ Govt adds fuel to ire” ; this is the reaction of yesterday`s Indian Govt. announcement of fuel price hike! Can any Govt. ever subsidize a product which has a ever increasing domestic consumption and 70% of the gross consumption is imported? Obviously the reply is no. So, like any other Govt. the Indian Govt. is left with no choice but to hike the price of fuel. The price of fuel in India is still controlled by Govt. In fact in the days of globalization, how long that can be continued is anyone`s guess. Here any unpopulist action taken by Govt., is encashed by the political parties, those who are not in power and aspiring for it. “The public opinion is humbug” –as the old adage goes. In the state of West Bengal (during colonialisation this state became the first to come in touch of West ironically!) called for a “bandh”, paralyzing the life for two days. As in twoconsecutive days, two different political parties call given call for “total strike”; wha...

Bio-Fuel : Palm Oil

The overwhelming enthusiasm for bio-fuel to counter the demand of fossil fuel and use something environment friendly, is not all that going well. Last month British Prime Minister Mr Gordon Brown changed the rule that in UK 2.55 % bio-fuel to be sold in Britain for petrol and diesel. There is a report the Greenpeace activists staged a protest dressing orangutans to protect the tropical rain forests and drying out the peat lands in Malaysia. Where to augment the cultivation of palm oil the rain forests are being devastated. As per Greenpeace this harming the environment by releasing carbon dioxide. Palm oil was introduced in Malaysia in 1910 by a Scotsman. This oil even few years ago use to be major edible oil specially for the poor, it was very cheap in comparison to other edible oils. It is also used to make soap and finally found fit for biofuel. As it promised a clean , green and alternative to petrol. This caused a price hike to near about 70% over the last year. The price hike ...

Give a new name

The National Aeronautics and Space Administration (NASA) is soliciting the member of public to suggest a name for their newly invented telescope. Currently they call it Gamma-ray Large Area Space Telescope (Glast), it is supposed to be launched in mid 2008. Nasa seems to have realized that the acronym-derived name is not most compelling. The offer is open till 31 st Mar 2008. If you are clicking with a ideal name then visit http://glast.sonoma.edu/glast-name and with the name give a statement of 25 words or less why your suggested name suits its` mission. “ We`re looking for name suggestions that will capture the excitement of the Glast mission and call attention to gamma-ray and high –energy astronomy. We are looking for something memorable to commemorate this spectacular new astronomy mission” – says Alan Stern, Associate Administrator for Science at Nasa headquarters in Washington and continues “ We hope someone will come up with a name that is catchy, easy to say and will hel...