Sunday, 22 July 2012

INS Sahyadri Commisioned

INS Sahyadri last in series of three stealth warships was commisioned today at Mumbai. Indian Navy will get seven more indigenous stealth frigate warships to give the Indian Navy a stealthy power punch and will be built in Indian Yards.The next generation warships to made under approximately Rs 50,000 crore Project-17A will have more improved stealth features to further reduce radar signatures and under water radiated noise. They will also have slick appearance and multifunction radar to further bring down detection chances.The weapon system will be flush-deck mounted that will allow vertical launch of missiles from under the deck, said a navy official involved in designing the ships.


Few basic laws of investment:

1. No investment is free of risk.

2. Insurance in not investment, its just a tool to cover risk.

3. If you want to play safe invest in government bonds.

4. The asset which rises rapidly falls rapidly.

5. Don't invest with herd mentality.

6. Real value is in gold/silver or any physical asset. Money is just printed paper.

7. Invest in only those tools which you understand thoroughly

8. Sell off when every person without basic knowledge of that field starts speaking on investing in it.

Sunday, 15 July 2012

5 Lakh crore gamble

Banks have disbursed over Rs 5 lakh crore credit to the farmers during last fiscal as against the target of Rs 4.75 lakh crore. Still the GDP numbers for agri sector growth remains meagre at 2.7%. Same amount of investment/credit in any other sector would propel growth of around 8%-10%.
                Reason for such low growth..??? The money is getting diverted by end users to non farm sectors. Many farmers have bought private vehicles, consumer electronics goods & things of leisure using this credit. Many know they do have to return the loans they have received from banks considering previous loan waivers from government. with small lands sizes , poor irrigation , low market rates many farmers have opted for same.
               Already Dr. Subba Rao has pressed the panic button as NPA have risen by 50% for loans given to agriculture sector. The GOI seems ready to take another huge write off in 2014 (election year).

The List Goes Long

Pages wont be enough if we start putting pictures of underachievers or rightly said in-capable leaders who have been given top positions to run the countries governance. The ruling party over 60 years have appointed such people who lack leadership, management, governance skills that has taken significant toll on growth of the country. The appointment of such people continues religiously against will of general public.

World Drought Scene

Major part of the world is under going through worst droughts not seen in decades. 53% of united states is facing severe drought conditions. The problem is getting aggravated as this drought is in major farming states. The drought has affected crops like wheat, soybean, corn plus live stocks.
           Same condition is in major part of Africa, India, Spain and many more countries. Drought is creating perfect condition for massive price rise across all food commodities. The price rise is going to affect global food prices and already prices of wheat,soybean, corn, sugar are on rise. More critical is going to secure regular supplies of potable water for huge population.
            Global warming has started to show its effects.!!