Categories
Observations

Chidambaram’s gifts to India

Mr.Chidamabaram has presened eight union budgets, 2 short of Moraji Desai’s record 10 budgets.

In these eight budgets, Mr.Chidambaram has introduced taxes whose acronyms have become part of daily usage.Have enclosed the list below:

Chidambaram’s Budget # Year New Tax/Proposal Introduced New Acronym introduced
1 1996-1997 Minimum Alternate Tax MAT
2 1997-98 Voluntary Disclosure Scheme VDS
3 2004-05 Securities Transaction Tax STT
4 2005-06 Fringe Benefits Tax FBT
4 2005-06 Banking Cash Transaction Tax BCTT
7 2008-09 Commodities Transaction Tax CTT
Categories
TEDTalks

How pig parts make the world turn

Categories
This is India !

Disciple declares Guru dead to get property

This post is in continuation of This is India ! series (see here)

Yugal Bihari Das, a senior Naga Vairagi of Hanumangarhi, was relatively unlucky. When he was ousted, he could not get anyone to fight on his behalf. About a decade ago, while he was away from Ayodhya, his disciple Ramagya Das declared him dead, organised a bhandara (community feast) in honour of the ‘departed soul’ and took over his Asthan (seat) in Hanumangarhi.

 

After his return, Yugal Bihari Das spent years trying to convince other sadhus as well as local officials that he was alive, but to no effect. Frustrated by everyone’s acceptance of the exaggerated news of his death, he recently left Ayodhya for good and is said to be living somewhere in Bihar.

–from Open Magazine

Categories
Links

Weekend Mega Linkfest:March 01,2013

Some off beat reads for the weekend:

The reality of real estate (Moneylife)

Drinking in Kerala-Rum, rum everywhere (Economist)

Land grab in Ayodhya (Open)

Weapons payload (Outlook)

Bangladesh,what Bangladesh? (Newslaundry)

Rahul Pandita on Kashmir and its stories(Forbes)

Mangalore-Where the morality is saffron colored (Tehelka)

The fishy history of McDonald’s Filet o fish sandwich (Smithsonian)

My dad was not ready to die (Slate)

Apple Vs Wall Street (NewYorker)

Billionaire Bill Ackman’s ill fated bike ride (VanityFair)

The benefits of optimism are real (Atlantic)

An economic explanation for the persistence of caste in India (IdeasforIndia)

Spoof:David Cameroon explains his India trip to his wife (UnrealTimes)

10 truths about being an entrepreneur (Rodinhoods)

Why Iran won’t budge (ProjectSyndicate)

A guide to owning a Harley Davidson in India (TeamBHP)

Tom Freston, runaway Mogul (Men’sJournal)

A profile of Fauja Singh, 101 year old runner (ESPN)

The rise of the new Shanghai (DesignObserver)

Categories
Stock

Investors should take heart from multibagger Strides Arcolab

The recent carnage in many midcap and small cap stocks has left many investors scarred and bitter.

There are reports of investors getting heart attacks and in some tragic cases, some have even committed suicide.

Investors should take heart from the example of Strides Arcolab.

On 2 March, 2009, this company was trading at Rs.65.Like most stocks at that time, the valuations were quite depressed.

Fast forward 4 years later, yesterday (aka 28 Feb,2013) it closed at Rs.922.

So it went up by 14 times in the last 4 years !

Today, there are reports of Strides Arcolab selling its drug injection business for 9000 Crores to Mylan.On 2 March, 2009, the market cap of the entire company was selling for 260 Crores !

So if any stocks in your portfolio are quoting at low valuations, take heart.If the business is doing ok, the valuations will eventually reflect that.

As Warren Buffett says “In the short run, the market is a voting machine.In the long run, it is a weighing machine.”