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Blog & Register for free letter http://crnindia.blogspot.com/
Gives Information about stock movements in Bombay stock Exchange(BseIndia) Bse ,National Stock Exchange (NseIndia Nse) and stock market tips.
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HiWhere does one check gold prices in India? Can anyone give a URL?Shaila
HiWhere does one check gold prices in India? Can anyone give a URL?Shaila
With pivot at 5221, be long abv 5230 and short below 5200. trade accrdgly in between.
Bull power is seen weakening...
It appears 5285 abt is offering tremondous reisitance. the more no of days it remains below this figure, the higher chance of a bearish down move, as a continuation of earlier down move.
US appears mvg further UP UP..........
Abe
Forbes: The finance minister has changed the direction of India's budget deficit by reducing the target for 2010-11 to 5.5%. Jim Rogers: You really believe it will happen? Go back over the years and see their previous claims. He has got a lot of praise for that in India. Still you are not impressed. Why? Even if it happens, it is not being done by sound budgeting. It is from selling off the family jewels, if it happens. Don't you think a high deficit was justified last year when the government had to spend and help the economy revive? No. They are just trying to push the problems out into the future rather than solving the underlying problems. Do you really think the solution for a problem of too much debt and too much consumption is more debt and more consumption? Are we not living in extraordinary times when we have to follow such flexible policies? We are indeed. They are making the problems worse in extraordinary times which require tough measures to correct decades of abuse. The finance minister rolled back some of the economic-stimulus measures he had announced last year. Would you have preferred to see a complete rollback rather than a partial one? Yes. And more. If you were to set an agenda for the government, what would it be? Cut spending and subsidies dramatically. Many studies have shown that countries start having serious growth problems when debt is 90% of GDP (gross domestic product). India is now [at] 80% and will be [at] 90% soon under this budget. The subsidies distort the economy in less-productive areas. Did you see any reform measure in the budget? I see some words for some small steps in retailing and energy. We will see. India doesn't have a convertible currency. Neither does China. You have backed China in the past but not India. Why? I have pointed out scores of times that China is mistaken having a blocked currency. What is wrong with you? No country has ever become a world player or even a significant economy with a blocked currency. Some specific global lessons or examples that India can adopt from other countries such as China? Open your borders to foreign capital and brains. For example, foreigners cannot enter retailing in India, but Wal-Mart, etc. are all over China. Your politicians close down free commodity markets every time prices rise as if the markets were making the prices rise! Farmers can own only very, very small farms, so India cannot compete on the world stage, yet India should be one of the great agriculture nations of the world. What will it take to get you to invest in India? Some sense of 21st-century reality. Open the economy [in areas] such as retailing, energy, agriculture, etc. Make the currency fully convertible. What are the lost opportunities in the budget, according to you? The same things I just mentioned. Likewise why not start reducing the gigantic debt if things really "are getting better," as he claims? You have watched India for a long time. Where do you think the country will go from here? Continue muddling along until the reality of the huge debt-to-GNP [ratio] hits home and stops things. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
Dabhol: Dedicated To Citizens Of A Third Class Nation "Wherever there is a lamp, there is darkness below it," said Bava Bhalekar, a fisherman and local leader in this village roughly a hundred miles south of Mumbai. "The tragedy is that while our village has this project, we ourselves don't have electricity." "This project" is the power plant that Enron built. A decade after Enron withdrew from the project, the Indian government and two Indian companies are promising to bring the plant to full capacity. The tragedy, as Mr. Bhalekar and his fellow villagers see it, is that even after the plant is fully operational, their daily blackouts — now from 3 to 7:30 p.m. — will still occur, with just slightly fewer hours without electricity. State authorities promise to have the plant running at 100 percent by the end of the month. But, so far, this plant remains a monument not to the problems of Enron, but to India's own corruption, cronyism and weak economic policies — some of the reasons that India remains a perpetual second fiddle to China, its increasingly powerful rival. For all the progress India has made in information technology and service-sector jobs, the country is still unable to provide reliable power, water, roads and other basic infrastructure to most of its 1.2 billion people. For instance, about 40 percent of the country's population is not connected to the electricity grid. This energy deficit is also an impediment to development. Here in Maharashtra, India's most industrialized state and the home of its commercial capital, Mumbai, formerly Bombay, the demand for electricity will exceed supply by about 30 percent this year, up from 4.5 percent in 1992. And if industrial companies that set up here can get electricity, they will pay more for it than elsewhere in the world, according to the Prayas Energy Group, a research organization. India's slow progress on power has kept some foreign companies away and has led many of them to largely shun the electricity business, in particular. The failure of the Enron plant in 2001, then known as Dabhol Power, was a turning point. No large power plants have started in Maharashtra since Dabhol. "Our problem today is power," Ashok Chavan, Maharashtra's chief minister, the equivalent of an American state governor, said late last year when asked about the state's biggest challenges. But he said that his administration would eliminate blackouts that afflict most of the state outside Mumbai within three years. For villagers here in Veldur, the Enron-built plant's revival — it has been running at below capacity for four years now — is bittersweet. While some people have been hired at the plant as it has ramped up, the lack of reliable electricity means that the ice that the fishermen in the village need to preserve their daily catch has to be trucked in from farther away. Experts said Mr. Chavan's goal was, like many promises made by Indian policy makers, high rhetoric that is not backed up by real action. State and federal governments reduced red tape in 2003 to help add more generation capacity, but many of those reforms have not been fully put in place. "These problems, which we have been talking about for the last 10, 15 years, there is no real solution to them," said Madhav Godbole, a retired civil servant who led a committee that studied the problems of Dabhol. "It's the political will that is wanting." Many of India's utilities, for instance, are financially frail because policy makers look the other way as power is stolen, or because politicians dole out subsidized power to win the votes of farmers. Power plants typically operate below their capacity because the government bureaucracy allocates coal and natural gas, the fuel of power plants, to favored companies. Furthermore, cronyism often dictates who receives permission to build plants because laws requiring competitive bids are not enforced. As with other projects, the success of the expanded plant here, now known as Ratnagiri Gas and Power, will depend on whether the government sees fit to allocate more natural gas to it from domestic fields to the plant. The plant will be competing with other power, fertilizer and chemical companies that also want and need more gas. It was with an eye to solving India's power problem that the country turned to Enron and several other foreign companies like AES, based in Virginia, and EDF of Paris in the early 1990s. The country pursued eight so-called fast-track projects to jolt the economy out of its long socialist-economy slumber. All but one of the projects ran into trouble. The Enron Dabhol project was the most spectacular failure of all. In 1992, Enron agreed to build a state-of-the- As envisioned, the project was supposed to meet about 3 percent of the country's energy needs. The agreement was negotiated secretly, because policy makers and company officials said it would be faster that way. The deal promised the company a guaranteed rate of return in dollars, which meant that the price of power to India would most likely rise because the government was depreciating the rupee against the dollar. To make the project's math work, the state would have to jack up retail power prices and crack down on theft of power; neither of which happened. Maharashtra ended up paying Enron 4.67 rupees for each unit of power, even though it was collecting only 1.89 rupees from its customers. "This was a classic case of what should never be done," said Suresh Prabhu, who was India's power minister when Enron shut down the plant in 2001 after Maharashtra and the company fought about what they owed each other. The plant was closed for five years as negotiations dragged on between bankers; the Indian government; the American agency Overseas Private Investment Corporation, which had guaranteed some of the loans; and Enron's partners in the deal, General Electric and Bechtel. (Enron sold its stake to G.E. and Bechtel after declaring bankruptcy in 2001.) Dabhol reopened as Ratnagiri Gas and Power in 2006 under the tutelage of two Indian government-owned firms: NTPC, the country's largest power producer, and GAIL, an operator of gas pipelines. But the revival proved difficult. The drawings and documents needed to restart the plant were missing. G.E.'s power equipment had three catastrophic breakdowns, requiring expensive, months-long repairs in Singapore. (G.E. Energy India declined to discuss what caused the breakdowns, but said that the repairs "will help to ensure reliability in the future.") "Frankly, when we took over the plant, I never thought this was possible," said Chandan Roy, chairman of Ratnagiri Gas and Power and a director at NTPC, referring to getting it up to 100 percent. The plant is even planning an expansion that will start in the coming weeks. One way it hopes to do better this time is with its fuel supply. The plant, when first restarted, was running on expensive gas imported from the Middle East. Since October it has received cheaper offshore Indian gas thanks to an allocation from the fields being developed by Reliance. But if the project here cannot receive more Indian gas for the expansion, power will be too expensive and the project will be in the same situation as Enron once was: charging the state more than the state can recoup from customers. Surya Sethi, a former World Bank official who turned down a request to finance the Dabhol project, said recently that India had learned many lessons from that debacle. But he added that it would take the country a while to deal with the numerous other challenges that bedevil the power sector. "You can't suddenly make India a China," he said Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
Great Advice
You have cared to share and show the right way
One who shows the right way is a guru
Now it is upto Chandra to decide
Mod
--- In sharetrading@
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> dear chandra, how much u know SJ? it's your, repeat, only your fault to take positon upon his call. he is by no means responsible for your loss. it's u that obeyed his reco. without any second thought or know at what level u take the script. i suspect if u even know what's it's 12 mth high/low & whether it's trading near 12 mth high/low. don't take it hard. no hard feeling with u. all i want is to draw your attention to mistake done by u. know very well as i too made such mistakes in past. do familiar with basic technical analysis & make your own call. it's not so hard to learn tech ana. hard is to follow signals generate by learnt tech. ana. no matter how few calls generate at first. it will increase with time & experience. do little but do confidently with knowledge. regards.
>
>
>
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> ____________
> From: chandra sekaran <thisismyworldu@
> To: sharetrading@
> Sent: Mon, 22 March, 2010 4:38:04 PM
> Subject: [sharetrading] worst call BUY Hov Services cmp Target 74,76,78,80,
>
> Â
> very good buy call hov services ltd u are posted in yahoo group (sunny_j1019@ yahoo.com) , damn i bought it on margin a/c till its come down.dont post this type of ediot calls.investor be cautious regarding this kind of fake call providers.
>
> bye from,
> s chandru.
>
> --- On Tue, 9/3/10, S J <sunny_j1019@ yahoo.com> wrote:
>
>
> >From: S J <sunny_j1019@ yahoo.com>
> >Subject: [sharetrading] BUY Hov Services cmp Target 74,76,78,80, 82,85
> >To: sharetrading@ yahoogroups. com
> >Date: Tuesday, 9 March, 2010, 1:48 PM
> >
> >
> >Â
> >BUY Hov Services cmp Target 74,76,78,80, 82,85
> >
>
> ____________
> The INTERNET now has a personality. YOURS! See your Yahoo! Homepage.
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