Saturday, 21 June 2008

Inflation races to 13-year high of 11.05%

NEW DELHI: Inflation raced to a 13-year high of 11.05 per cent for the week ended June 7, 2008, driven by a 7.8 per cent rise in fuel, power and lubricants prices and a 14 per cent surge in ATF prices.

Non-food articles were up by 1.04 per cent. Food articles, however, were down by 1.1 per cent. Inflation was 8.75 per cent for the week ended May 31.

A poll on Wednesday had estimated the annual inflation rate to have jumped to 13-year highs near 10 per cent in early June, powered by a fuel price rise.

The wholesale price index was forecast to have risen to 9.82 per cent in the 12 months to June 7, which would be the highest since June 3, 1995, when annual inflation was at 9.89 per cent.

The forecasts from 12 analysts ranged widely from 9.63 per cent to 10.62 per cent, and compared with an annual rise of 8.75 per cent in the previous week.

Four economists in the poll estimated the data to come in at above 10 per cent, its first double-digit reading since May 27, 1995.

India had raised state-set fuel prices by about 10 per cent on June 4, and the RBI last week raised its key lending rate for the first time in more than a year to contain inflation expectations.

Spl Thanks To:

Tuesday, 17 June 2008

Be Environment friendly....

Contribute to the green tomorrow from our day to day activities, be an eco-friendly person

To know more about our environment....

online councelling for Professional courses...

 Web Based Counselling for Professional Courses Web Based Counselling for Professional Courses:

(Ref: National Portal of India)

Online Counselling: Procedure

Online Counselling: Procedure

Ministry of Human Resources Development (MHRD), Govt. of India, constitutes the Central Counselling Board (CCB) for AIEEE, which conducts counselling during first half of July every year using the merit of AIEEE. Such a counselling exercise is done by CCB in co-operation and assistance from CBSE, NIC and its participating institutions like NITs, IIITs, Deemed Universities, etc. All India Entrance Examination is conducted by CBSE. Based on this examination, each candidate is allotted a unique rank. Even if the candidates get same mark in the examination, tie is broken and unique code is allotted based on standard criteria.

Based on the publication of open and close ranks for each Institution and Branch for allotted seats during the previous year, the candidates could have fair idea of getting a preferred choice based on their merit.

Online Off-Campus Counselling

Candidates login to the system from any internet point of their convenience and can get themselves registered. After successful registration candidates can access the choices of institutions and branches. Candidates are then given an interface through which they can submit choices, delete, modify, change order, etc. These choices are processed on alternative days and are allotted accordingly. This mock counselling helps them in arriving at the actual allotment likely to be allotted to them during main counselling.

Online On-Campus Counselling

Online on-Campus counselling

Advantage of this counselling model is that, the candidates can report during any part of the day as per individual's convenience from 9 AM to 5 PM on the specific day on which he/she has been called based on the individual merit. This has two parts, first part is final counselling for exercising of choices and second part is for processing of the exercised choices for the allotment of seat.

The first part of exercising of choices is done by candidate, in which the candidate reports at the Counselling Centre and completes the registration, fee payment and choice filling and locking the same. Locking of the choices is essential on the part of the candidates as for unlocked choices seat would not be considered for allotment to the candidate.

The Counselling process comprises of:

  • Document Verification: The candidates submit their admit card, mark sheet, roll number, rank card and other documents to the counselling official. In case of any changes in the credentials of the candidates, the same will be modified by the counselling official. After successful verification of the credentials, the candidate is required to pay the counselling fees, upon which the registration slip is generated.
  • Choice Filling: The candidates are required to enter roll number and registration number. On successful registration, the candidate will be shown choices as per his merit and as available on the specific day of counselling. The choices submitted by candidate earlier during off-campus counselling, will appear automatically. It is through this module that the students select their choices, do ordering of their choices, and deletion and so on. Once the choice is finalised it is then locked.

The Choice submission module has two forms:

  • Form I: This form reflects the list of institutions and courses
  • Form II: This form only reflects Names of the Institutions. Form II will be allotted based on vacancies available after the reporting of candidates based on FORM I allotments.
After the students are through with the locking of choices, they are given a print out of the choice list duly signed by the student and counselling official.

Seat Allotment Process

Results Portal

After the end of the counselling, the locked choices of candidates are considered as per the merit and reservation policies. The allotted seats list is uploaded on to the web and is also sent to the counselling centres. Students then can view the list and take a copy of the admission letter and report to allotted Institution within the requisite timeframe for admission.

NIC has successfully hosted Academic and Entrance Examination results for various boards and universities including CBSE, State Education Boards, GGSIP University etc.

With this pace of ICT interventions in education, the Indian Education system is gradually moving towards progress and the use of contemporary ICT modules is adding a whole new dimension to it, rearing to make India a 100% educated nation in the times to come.

For More details visit: National Portal of India

With thanks to Indian Govt. Initiatives

Sunday, 8 June 2008

Supply cure to inflation ills: PM

SALEM: Expressing deep concern over the high inflation rate in the country, prime minister Manmohan Singh on Friday called upon the industry to step up productivity and increase output to ensure non-inflationary growth momentum in the economy. “In the 11th Five-Year period, we expect the economy to grow at around 9% per year. To ensure this growth process is not inflationary, we must step up productivity and increase output,” Mr Singh said while laying the foundation stone for SAIL’s Salem steel plant’s modernisation and expansion plan.

The demand-supply mismatches and high international crude oil prices have resulted in inflation crossing the double-digit mark in the country. However, steps like reining in steel prices and raising interest rates have seen inflation going down marginally over the last fortnight. “...because of steep increase in international prices of petroleum products and primary commodities, inflation and its control have emerged as major concerns of policy. In doing so, we have also tried to ensure that inflation control measures do not hurt the growth momentum we have built over four years,” the prime minister said.

On the domestic steel sector, the prime minister said it remained a seller’s market and would continue to remain so in coming years despite per capita steel consumption remaining much lower than industrialised and non-industrialised countries. “...Today, we are in a seller’s market and will continue to be. Hence, it is imperative that we work hard to augment supply and meet the rising demand for steel,” he said asking companies to make rapid strides in improving technology and managerial skills.

courtasy :economic times


Tuesday, 3 June 2008

Petrol Price

I never worried about price of the petrol because i'm not a direct consumer of that... still following information made me most unhappy person.... I think you feel the same... if not please let me know....

Following is the article from well known Newspaper. Find the detail break-up of the Final price of petrol available in pumps.

This is a break up considering crude oil at 130 $ per barrel. Following details are for per liter petrol in Rs.

Basic Price = Rs 21.93
Excise duty = Rs 14.35
Education Tax = Rs 0.43
Dealer commission = Rs 1.05
VAT = Rs 5.5
Crude Oil Custom duty = Rs 1.1
Petrol Custom = Rs 1.54
Transportation Charge = Rs 6.00
Total price = Rs 51.90

So for a Rs 22 liter petrol at pumps we people pay Rs 28 tax extra.

Govt. is thinking to impose more price hike to curtain with the current crude oil bubble in International oil crisis.
Is it the only factor?
I think each one of us responsible for the same.
We must rethink on,
how we are utilizing this kind of exhaustible resources with us? How we are going to preserve them?

More questions with us? The answers may be within the scope of every individual... and I cannot escape from this by saying "It's the responsibility of the Government...." shall I?

Don't you think you should pass this message to create more awareness among the people.

(Ref: following words are from our respectful PM)
PM readies pitch for hike in petro-product prices 3-Jun-2008

New Delhi, Preparing the ground for a possible hike in petro-product prices, the Prime Minister, Dr Manmohan Singh, on Monday categorically said that the Government was in no position to fully insulate the consumer from the impact of global oil price surge.

“We cannot allow the subsidy bill to rise any further. Nor do we have the margin to fully insulate the consumer from the impact of world commodity price and world oil price inflation. Up to a point we can and we have indeed insulated poorer sections of our society,” Mr Singh said at the annual general meeting of Assocham here on Monday.

The Prime Minister pointed out that the UPA Government had not raised the price of kerosene in the past four years. “We have very marginally raised LPG and diesel prices. Even petrol prices do not fully reflect world trends. In the case of other natural resources, especially water, we have been altogether imprudent. This situation cannot continue forever.

Courtesy:Business Line


The question in front of me is.... Where we living?

Thank u very much my friend (Mr.Raghav) for passing this price break-up details.... which ignite me to initiate this blog

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