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Month: February 2010

Big B’s ‘Teen Patti’….Message is Masterful and Powerful,Movie is Not….Knowledge is Power but should be applied responsibly and not be misused…Greed is a Destroyer

Caught the second day late night 10.45 pm show last night of Amitabh Bachchan’s latest release ‘Teen Patti’….just 50 people in the theatre that could seat 200 +

Big B is a Maths Professor who figures out through Mathematical Probabilities the winning hand in a Game of ‘Flush’ or ‘Teen Patti’ as we know it in India….he gets a young prof to round up a few students to test it out..and the Movie builds up as they get around town winning thousands and lakhs at Real Games in shady social clubs and later crores at the Big High Wheelers Games around the City

The Message is masterful and powerful

  • Knowledge is Power…and should not be misused…but be used for the betterment of Humanity…Using a Mathematical Theorem to win in Cards,a Game of Luck and Chance is Cheating…..What comes to mind also is that man has created the Weapons of his Own Destruction….Nuclear !
  • The Probability of India recognising the Genius of an Individual before the World does,is very Low.

    So often,we find Indians get recognition overseas,before India begins to salute them…the recent Chemistry Nobel Prize for instance was co-awarded to Venkatraman Ramakrishnan of Cambridge,UK…he was born in Tamil Nadu,studied in Vadodra,failed to get a seat at the IITs or Christian Medical College,Vellore,moved to USA and then later switched from Physics to Biology and  from USA to UK….he was annoyed to receive Hundreds of Congratulatory Emails from many Indians who claim to have been associated with him In India

    My own late Uncle,my father’s elder brother was lost to India….He was brilliant and after having studied at MIT,US,he returned to India and joined India’s Premier Scientific Research Group in the 1950s…he returned to the US in disgust after his seniors repeatedly took credit for his research…India lost a Brilliant Brain

    All his life Bachchan, as Maths Prof Venkat Subramaniam, faces rejection of his Research Papers in India…..He is forced to resign,owning moral responsibility for the suicide of one of his students involved in his Experiment…..The Other students and the Young Prof involved in the successful experiment quietly ensure that his research reaches and is finally recognised by World renowned Maths Genius,played by Ben Kingsley, and Cambridge University,UK decides to award him the Issac Newton Prize, the highest Maths Honour

Greed is a great Motivator…a gread Seducer…..and inevitably the Destroyer.

Greed and Fear are two sides of the Stock Market Coin…..they form the core basis for Irrational Thinking…at some of my sessions,participants actually roleplay such behaviour in specific situations…throwing up Investor Mistakes and quirks in Human Behaviour and Relationships

‘Teen Patti’ too highlights this growing greed and addiction to the glamour of quick and easy Monies from playing ‘Teen Patti’…it destroys the human…forcing even resorting to stealing and  blackmailing….distracts them from focusing on core moral and ethical Values and sound education…it takes Big B as Prof Venkat Subramaniam to hard knock this lesson to the students involved in his experiment…he empties all bullets,but one,of a Gun …..holds it to his head and presses the Trigger…he’s lucky….that’s what it is he tells,no yells,at the students…Just Luck and Probability…do they have the guts to hold the Gun to their Head and Pull the Trigger !…….play this Russian Roulette,just like Hritik Roshan does in Dhoom 2 with Aishwarya !? read more

UNION BUDGET 2010/11 AT A GLANCE

              
 
Union Budget 2010-2011  
 
   

 
 

 

     
          Budget at a Glance  
 

  (In Crore of Rupees)

 

  2008-2009 [email protected]

2009-2010 Budget Estimates

 

2009-2010 Revised Estimates

2010-2011 Budget Estimates

1.    Revenue Receipts

540259

614497

577294

682212

       2.    Tax Revenue (net to Centre)

443319

474218

465103

534094

       3.    Non-tax Revenue

96940

140279

112191

148118

4.    Capital Receipts (5+6+7)$ 

343697

406341

444253

426537

       5.    Recoveries of   Loans

6139

4225

4254

5129

       6.    Other Receipts

566

1120

25958

40000

       7.    Borrowings and other
              Liabilities*

336992

400996

414041

381408

8.    Total Receipts  (1+4)$

883956

1020838

1021547

1108749

9.    Non-plan Expenditure      

608721

695689

706371

735657

      10.   On Revenue Account  of          
              which,

559024

618834

641944

643599

      11.   Interest  Payments

192204

225511

219500

248664

      12.   On Capital Account

49697

76855

64427

92508

13.   Plan Expenditure

275235

325149

315176

373092

      14.   On Revenue Account

234774

278398

264411

315125

      15.   On Capital Account

40461

46751

50765

57967

16.   Total Expenditure (9+13)

883956

1020838

1021547

1108749

      17.   Revenue Expenditure
             (10+14)

793798

897232

906355

958724

      18.   Capital Expenditure
             (12+15)

90158

123606

115192

150025

19.   Revenue Deficit (17-1)

253539
(4.5)

282735
(4.8)

329061
(5.3)

276512
(4.0)

20.   Fiscal Deficit
       {16-(1+5+6)}

336992
(6.0)

400996
(6.8)

414041
(6.7)

381408
(5.5)

21.   Primary Deficit (20-11)

144788
(2.6)

175485
(3.0)

194541
(3.2)

132744
(1.9)

@  Actuals for 2008-09 are provisional.
$  Does not include receipts in respect of Market Stabilization Scheme.

*  Includes draw-down of Cash Balance.

Note : GDP for BE 2010-2011 has been projected at Rs.6934700 crore assuming 12.5% growth over the             advance estimates of 2009-2010 (Rs.6164178 crore) released by CSO.    

Union Budget 2010….First Reaction….So what’s New !?

Sentiment is at work at the Stock Exchanges…more visible on days such as these…when the Union Budget is announced

In the Morning the Sensex and Nifty were up marginally…as the FM began his speech at 11 am,they remained positive…90 minutes into his speech,at around 12.30 pm and around the time the BJP decided to walkout,the Indices gathered fast momentum and he Sensex rushed towards 400 points rise and  16600 while the Nifty sought over 100 points and 5000

What’s my first reaction ?….so what’s New !?…simply continuing the Fiscal and Infrastructure Road Map

  • You don’t need a Visionary…any FM or a layman can do this…. to sell yours assets to part fund your fiscal deficit…Rs 25000 crs is the Disinvestment for 2009/10 and Rs 40000 crs for 2010/11…..to reduce pressures on the Government Borrowings…Borrowings has already crossed Rs 4 lakh crs in 2009/10…Government plans a lower Rs 3.45 lakh crs in 2010/11 !….My sense is that this figure may be revised upwards if Oil again crosses US $ 100 or if  Disinvestment Figures don’t work out 
  • Fiscal Deficit is pegged at Rs 381408 crs or a lower 5.5% of GDP for 2010/11…Inclusive of Oil and Fertiliser Bonds,In 2008/9 it was 7.8% of GDP and in 2009/10 it’s going to be 6.9% of GDP
  • Total Expenditure for FY 2010/11 has been upped 8.6% at 1108749 crs of which Plan Expenditure is up by 15% to Rs 373092 crs  and Non Plan Expenditure is up b y 6% to Rs 735657 crs
  • All Media Stock Channels are excited over the increase in the Direct tax Slabs Range…so what’s new..this was already announced much earlier what the New Slabs would be from April 1,2010…it’s already on wikipedia…check it out
  • DTC and GST are already scheduled for being implemented by April 1,2011…The FM only hopes he can be able to do this
  • GDP Growth rate is 7.2% this year,may be revised upwards…FM wants to return to the high 9% rates…This is expected  to help reduce the pressures of funding fiscal deficits through borrowing,asset sales and deficit financing…but depending on this can throw you for a Toss if twin challenges of Food Inflation amd Potential Oil Price Surges play up the squeeze…check out a few days old Blog on this
  • read more

    Thinksoft Global crashes to Rs 221 (more fall indicated) from Rs 544 in just 10 trading days…..SEBI and BSE must probe this Company to maintain sanctity of our Markets

    I had warned Investors of Thinksoft Global IPO in September 2009

    Don’t ThinkHard about ThinkSoft Global Services’s IPO at Rs 120-130…Ignore it

    However on Listing it kept defying gravity and on February 11,2010 it zoomed to a record high of Rs 544 with record Volumes

    But since then in just Ten Trading days and Eight continous lower circuits,beginning with two 20% drops,then as lower filters were applied,a 10% drop,followed by now Five 5% lower circuit filters,Thinksoft Global has crashed today to a lower circuit of Rs 221.30

    The Share Price and the Volumes were set up past one month…Have a look ….Something Stinks really Big Time Foul here

    …methinks SEBI and BSE must quickly and conclusively bring the perpetrators to task,if they have to maintain the sanctity of our  Stock Exchanges and protect the sucker of the small Investor….

    Classic case of Greed and Fear….we’ve seen such situations play up before too…like in the Austral Coke Company…dropped from near Rs 200 levels to under Rs 10 now

    ….The authorities must investigate any Promoter/Major Shareholder/Broker/Operator nexus in such cases…Such movements rarely occur without a criminal nexus…..Poor Retail and some HNWI suckers get trapped by this manipulation  

     Investor Education and Protection is one of the key purposes why I began this blog…to express my  concerns on several companies…In the recent past,Cranes Software and Karuturi Global…even Austral Coke ! and Thinksoft Global

    However distasteful,unpleasant,bad,loss making Equity experiences should not permanently deter you from the Beauty of Equity…..A basket of Apples will have a few Bad ones !….Some are easy to Spot,some look great on the outside ,but are infested with Worms on the Inside……Learn to spot these worms and avoid such seemingly great Apples ! 

    Be warned….There are many out there…. always on the Prowl to seduce you to lose Monies…because they make Monies,only when you lose !…and they have perfected the art of Seduction !….and think about this !…what chance do you stand against the 6000+ seductions listed on BSE !…and you will be double careful !

    I reiterate my Quote “India and Insider Trading are Inseperable !”…which I discuss and debate in my sessions at various forums

    Cheers !

    Stock Markets & the Sensex…Yawn!…Humming Raj Kapoor and his ‘Mera Naam Joker’ song of “Aye bhai jara dekh kay chalo….aage bhi nahi, peeche bhi…. !”

    The Sensex is keeping in a small static zone above 16000….Traders and Speculators are Bored..Investors have been bored for some time now !…..Seems only the Brokers and Stock Channels and the plethora of Fundamental and Technical Experts that proliferate and depend on them seem to think that things remain Exciting and Opportunities keep beckoning!…and that “There is Always a Bull Market somewhere “…..Bull

    Been humming that Raj Kapoor classic from  his classic ‘Mera Naam Joker’….”Aye Bhai jara dekh kay chalo…aage bhi nahi,peeche bhi,…daaye bhi nahi,baaye bhi…upar bhi nahi,neeche bhi….!”…..Raj Kapoor was a visionary…..and this song was probably inspired by the Sensex !…but Hey ! this movie and the song were born before the Sensex was in 1986,with 1978/79 as the Base Year !

    Raj Kapoor was truly a visionary !

    Cheers !

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