Gold Prices - Last 86 Years

I found this on facebook. Thought it must be interesting to spread the work outside the social networking site and blogged it. Look at the rise in the prices of gold. From 1925 to 2011 its more than 1400 times.. PHEW!! Who knows where is it going to be in the coming years. 

Just for fun if in the next 86 years it rises at the same rate, it shall be more than Rs.3,69,60,000/- (Rupees three crore sixty nine lacks sixty thousand) for only 10gms of GOLD before this century by 2097. 

World Cup 2011 Time Table

1.  19 feb - Bangladesh vs INDIA

2.  20 feb - Newzealand vs Kenya

3.  20 feb - Sri Lanka vs Canada

4. 21 feb - Australia vs Zimbabwe

5.  22 feb - England vs Netherlands 

6.  23 feb - Pakistan vs Kenya

7.  24 feb - Africa vs West Indies

8.  25 feb - Australia vs New Zealand

9.  25 feb - Bangladesh vs Ireland

10. 26 feb - Sri Lanka vs Pakistan

11. 27 feb - INDIA vs England

12. 28 feb - West Indies v Netherlands

13. 28 feb - Zimbabwe vs Canada

14. 1 mar - Sri Lanka vs Kenya

15. 2 mar - England vs Ireland

16. 3 mar - Pakistan vs Canada

17. 3 mar - Africa vs Netherlands

18. 4 mar - New Zealand v Zimbabwe

19. 4 mar - Bangladesh v West Indies

20. 5 mar - Sri Lanka vs Australia

21. 6 mar - INDIA vs Ireland

22. 6 mar - England vs Africa

23. 7 mar - Kenya vs Canada

24. 8 mar - Pakistan vs New Zealand

25. 9 mar - INDIA vs Netherlands

26. 10 mar - Sri Lanka vs Zimbabwe

27. 11 mar - West Indies vs Ireland

28. 11 mar - Bangladesh v England

29. 12 mar - INDIA vs Africa

30. 13 mar - New Zealand vs Canada

31. 13 mar - Australia vs Kenya

32. 14 mar - Pakistan v Zimbabwe

33. 14 mar - Bangladesh v Netherlands

34. 15 mar - Africa vs Ireland

35. 16 mar - Australia vs Canada

36. 17 mar - England vs West Indies

37. 18 mar - Sri Lanka vs New Zealand

38. 18 mar - Ireland v Netherlands

39. 19 mar - Australia v Pakistan

40. 19 mar - Bangladesh vs Africa

41. 20 mar - Zimbabwe vs Kenya

42. 20 mar - INDIA vs West Indies

43. 23 mar - 1st Quarter Final

44. 24 mar -  2nd Quarter Final

45. 25 mar - 3rd Quarter Final

46. 26 mar - 4th Quarter Final

47. 29 mar - 1st Semi Final

48. 30 mar - 2nd Semi Final

49. 2 Apr - Finals

Happy New Year - 2011

 

Wish all my readers a Very Happy New year 2011. Hope the year gets immense happiness personally and at work. You achieve all that you wish you get.

~ Safe Health and Load's of Wealth to you ~

Luv,
Ashish Mehraa

Highlights of Union Budget 2010-11

Finance Minister Pranab Mukherjee presented the Union Budget 2010-11 in
parliament on Friday. Has he lived up to the expectations of the taxpayers?
Is it a populist Budget? Will it also help India to grow? To find out read
on..


Highlights...
      FM prunes tax rates:
      Income up to Rs 1.6 lakh - nil Income above Rs 1.6 lakh and up to Rs
      5 lakh - 10 per cent
      Income above Rs 5 lakh and up to Rs 8 lakh - 20 per cent
      Income above Rs 8 lakh - 30 per cent.
      Income Tax department ready with two-page Saral-2 return forms for
      individual salaried assesses.
      New tax rates would offer relief to 60 per cent of tax-payers.
      Government's net borrowing to be Rs 3,45,010 crore for 2010-11.
      Additional deduction of Rs 20,000 allowed on long term infrastructure
      bonds for income tax payers; this is above Rs one lakh on saving
      instruments allowed already.
      A unique identity symbol would be provided to the Indian Rupee in
      line with US Dollar, British Pound Sterling, Euro and Japanese Yen.
      Fiscal deficit seen at 4.8 per cent and 4.1 per cent in 2011-12 and
      2012-13 respectively.
      Total expenditure pegged at Rs 11.8 lakh crore, an increase of 8.6
      per cent.
      Gross tax receipts pegged at Rs 7,46,656 crore for 2010-11, non-tax
      revenues at Rs 1,48,118 crore.
      FM appeals to "misguided elements" (left wing extremists) to eschew
      violence and join the mainstream.
      Planning Commission to prepare integrated action plan for
      Naxal-affected areas.
      Defence allocation pegged at Rs 1,47,344 crore in 2010-11 against Rs
      1,41,703 crore in the previous year. Of this, capital expenditure
      would account for Rs 60,000 crore.
      Fiscal deficit pegged at 6.9 per cent in 2009-10 as against 7.8 per
      cent in the previous fiscal.
      Finance Minister to continue giving cash subsidy for fuel and
      fertiliser instead of previous practice of bonds.
      Non-plan expenditure pegged at Rs 37,392 crore and Plan expenditure
      at Rs 7,35,657 crore in budget estimates. 15 per cent increase in
      plan expenditure and six per cent in non-plan expenditure.
      Rs 1,900 crore allocated for Unique Identification Authority of
      India.
            Rs 1,73,552 crore provided for infrastructure.
            Need to take firm view on opening up of the retail.
            Government committed to ensure continued growth of Special
            Economic Zones development.
            Repayment of loan by farmers extended by six months to June 30,
            2010 in view of drought and floods in some part of the country.
            One-time grant of Rs 200 crore provided to Tirupur textile
            cluster in Tamil Nadu.
            Allocation for new and renewable energy ministry.
            Clean Energy Fund to be created for research in new energy
            sources.
            Rs 500 crore allocated for solar and hydro projects for Ladakh
            region.
            Alternative port to be developed at Sagar Island in West
            Bengal.
            Allocation for National Ganga River Basin Authority doubled to
            Rs 500 crore.
            Government for competitive bidding for coal blocks for captive
            power plants.
            Mega power plant policy modified to lower cost of generation;
            allocation to power sector more than doubled to Rs 5,130 crore
            in 2010-11.
            Government proposes to set Coal Development Regulatory
            Authority.
            Propose to maintain thrust of upgrading infrastructure in rural
            and urban areas. IIFCL authorised to refinance infrastructure
            projects.
            Interest subvention for timely repayment of crop loans raised
            from one per cent to two per cent, bringing the effective rate
            of interest to five per cent.
            Bottleneck of public delivery mechanism can hold us back.
            Rs 200 crore provided for climate resilient agriculture
            initiative.
            Government to provide Rs 16,500 crore to public sector banks to
            maintain tier-I capital.
                  Allocation for women and child development hiked by 80
                  per cent.
                  Government decides to set up National Social Security
                  Fund with initial allocation of Rs 1000 crore to provide
                  social security to workers in unorganised sector.
                  Rs 1,270 crore provided for slum development programme,
                  marking an increase of 700 per cent.
                  Allocation for development of micro and small scale
                  sector raised from Rs 1,794 crore to Rs 2,400 crore.
                  One per cent interest subvention loan for houses costing
                  up to Rs 20 lakh extended to March 31, 2011; Rs 700 crore
                  provided.
                  25 per cent of plan outlay earmarked for rural
                  infrastructure development
                  Road transport allocation raised by 13 per cent to Rs
                  19,894 crore, says FM.
                  Allocation for urban development increased by 75 per cent
                  to Rs 5,400 crore in 2010-11.
                  Indira Awas Yojana scheme's unit cost raised to Rs 45,000
                  in plain area and Rs 48,500 in hilly areas.
                  Allocation for NREGA stepped up to Rs 40,100 crore in
                  2010-11.
                  For rural development, Rs 66,100 crore have been
                  allocated.
                  Plan allocation for health and family welfare increased
                  to Rs 22,300 crore from Rs 19,534 crore.
                  Plan allocation for school education raised from Rs
                  26,800 crore to Rs 31,036 crore in 2010-11.
                  Deficit in foodgrains storage capacity to be met by
                  private sector participation.
                  Exclusive skill development programme to be launched for
                  textile and garment sector employees.
                  Plan allocation for Ministry of Minority Affairs raised
                  from Rs 1,740 crore to Rs 2,600 crore.
                  Plan outlay for Ministry of Social Justice raised by 80
                  per cent to Rs 4,500 crore.
                  Government to contribute Rs 1,000 per year to each
                  account holder
                  Finance Minister says Government hopes to implement
                  direct tax code from April 2011.
                  Kirit Parekh report on fuel price deregulation will be
                  taken up by Oil Minister Murli Deora in due course.
                  Government has decided to set up apex-level Financial
                  Stability and Development Council.
                  FDI inflows steady during the year. Government has taken
                  series of steps to simplify FDI regime
                  Market capitalisation of five PSUs listed since October
                  increased by 3.5 times.
                  Nutrient based fertiliser subsidy scheme to come into
                  force from April 1, 2010.
                  Nutrient based fertiliser subsidy scheme to come into
                  force from April 1, 2010.
                  Earnest endeavour to implement General Sales Tax in April
                  2011.
                  Status paper on public debt within six months.
                  Government will raise Rs 25,000 crore from disinvestment
                  of its stake in state-owned firms.
                  Government to provide Rs 300 crore to organise 60,000
                  pulse and oilseed villages and provide integrated
                  intervention of watershed and related programme.
                  Government to continue interest subvention of 2 per cent
                  for one more year for exports covering handicrafts,
                  carpets, handlooms and small and medium enterprises.
                  Government intends to make FDI policy user friendly by
                  compling all guidelines into one document.
                  RBI considering some additional banking licenses to
                  private companies, NBFC will also be considered if they
                  meet criteria.
                        Export in January encouraging.
                        Need to review the public spending and mobilize
                        resources.
                        FM stresses on the need to make growth more
                        broad-based.
                        Need to ensure that the demand-supply imbalance is
                        managed.
                        Need to review stimulus imparted to economy.
                        Government conscious of the situation of price rise
                        and taking steps to tackle it.
                        Erratic monsoon and drought-like conditions forced
                        supply side bottleneck that fuelled inflation.
                        Double digit food inflation last year due to bad
                        monsoon and drought-like conditions.
                        Figures for merchandise exports for January
                        encouraging after turnaround in November and
                        December last.
                        Govt to raise Rs 25,000 cr this year to meet cap
                        expenditure requirements
                        GST and DTC can be introduced in April 2011
                        Direct tax code will be implemented April 1, 2011
                        Final figure may be higher if earnings in last
                        quarters are strong
                        18.9% growth rate in manufacturing sector in 2009
                        Concerned over emergence of double digit food
                        inflation
                        Export figures encouraging; pvt investments can be
                        expected
                        Double digit food inflation in 2009
                        Need to review stimulus, move to fiscal
                        consolidation
                        Signs of food inflation going to non-food items
                        Steps to reduce public debt, paper to be presented
                        in 6 months
                        1st challenge: quickly revert to higher GDP growth
                        path of 9%, cross double digit growth
                        2nd challnge: harden economic growth to make dev
                        more inclusive
                        3rd challenge: relates to problems in government
                        system
                        Focus shifts to non-governmental actors
                        Uncertainity was there on account of delay in
                        monsoon, concerns about production and food prices.