The greatest Prime Minister of the decade!
EDUCATION /Qualification:
1950: Stood first in BA (Hons), Economics, Punjab University , Chandigarh ,
1952; Stood first in MA (Economics), Punjab University , Chandigarh ,
1954; Wright's Prize for distinguished performance at St John's College, Cambridge ,
1955 and 1957; Wrenbury scholar, University of Cambridge ,
1957; DPhil ( Oxford ), DLitt (Honoris Causa); PhD thesis on India 's export competitiveness
OCCUPATION /Teaching Experience :
Professor (Senior lecturer, Economics, 1957-59;
Reader, Economics, 1959-63;
Professor, Economics, Punjab University , Chandigarh , 1963-65;
Professor,International Trade, Delhi School of Economics ,University of Delhi,1969-71 ;
Honorary professor, Jawaharlal Nehru University ,New Delhi,1976 and Delhi School of Economics, University of Delhi ,1996 and Civil Servant
Working Experience/ POSITIONS :
1971-72: Economic advisor, ministry of foreign trade
1972-76: Chief economic advisor, ministry of finance
1976-80: Director, Reserve Bank of India ;
Director, Industrial Development Bank of India;
Alternate governor for India , Board of governors, Asian Development Bank;
Alternate governor for India , Board of governors, IBRD
November 1976 - April 1980: Secretary, ministry of finance (Department of economic affairs);
Member, finance, Atomic Energy Commission; Member,finance, Space Commission
April 1980 - September 15, 1982 : Member-secretary, Planning Commission
1980-83: Chairman , India Committee of the Indo-Japan joint study committee
September 16, 1982 - January 14, 1985 : Governor, Reserve Bank of India .
1982-85: Alternate Governor for India , Board of governors, International Monetary Fund
1983-84: Member, economic advisory council to the Prime Minister
1985: President, Indian Economic Association
January 15, 1985 - July 31, 1987 : Deputy Chairman, Planning Commission
August 1, 1987 - November 10, 19! 90: Secretary-general and commissioner,
south commission, Geneva
December 10, 1990 - March 14, 1991 : Advisor to the Prime Minister on economic affairs
March 15, 1991 - June 20, 1991 : Chairman, UGC
June 21, 1991 - May 15, 1996 : Union finance minister
October 1991: Elected to Rajya Sabha from Assam on Congress ticket
June 1995: Re-elected to Rajya Sabha
1996 onwards: Member, Consultative Committee for the ministry of finance
August 1, 1996 - December 4, 1997 : Chairman, Parliamentary standing committee on commerce
March 21, 1998 onwards: Leader of the Opposition, Rajya Sabha
June 5, 1998 onwards: Member, committee on finance
August 13, 1998 onwards: Member, committee on rules
Aug 1998-2001: Member, committee of privileges 2000 onwards: Member, executive committee, Indian parliamentary group
June 2001: Re-elected to Rajya Sabha
Aug 2001 onwards: Member, general purposes committee
BOOKS:
India 's Export Trends and Prospects for Self-Sustained Growth -
Clarendon Press, Oxford University , 1964; also published a large number of articles in various economic journals.
OTHER ACCOMPLISHMENTS:
Adam Smith Prize, University of Cambridge , 1956
Padma Vibhushan, 1987
Euro money Award, Finance Minister of the Year, 1993;
Asia money Award, Finance Minister of the Year for Asia , 1993 and 1994
INTERNATIONAL ASSIGNMENTS:
1966: Economic Affairs Officer
1966-69: Chief, financing for trade section, UNCTAD
1972-74: Deputy for India in IMF Committee of Twenty on
International Monetary Reform
1977-79: Indian delegation to Aid-India Consortium Meetings
1980-82: Indo-Soviet joint planning group meeting
1982: Indo-Soviet monitoring group meeting
1993: Commonwealth Heads of Government Meeting Cyprus 1993: Human Rights World Conference, Vienna
RECREATION :
Gymkhana Club, New Delhi ; Life Member, India International Centre,
New Delhi
PERSONAL DETAIL:
Name: Dr Manmohan Singh
DOB: September 26, 1932
Place of Birth: Gah ( West Punjab )
Father: S. Gurmukh Singh
Mother: Mrs Amrit Kaur
Married on: September 14, 1958
Wife: Mrs Gursharan Kaur
Children: Three daughters
Indian Prime Minister seems to be the most qualified PM all over the world.
Pass this to every one .... and be PROUD to be an INDIAN
Tuesday, September 21, 2010
Bridge collapse near main CWG stadium injuries many labourers
Bridge collapse near main CWG stadium injuries many labourers
New Delhi: In a major embarrassment for organisers of the Commonwealth Games, an under-construction foot overbridge today collapsed outside the Jawaharlal Nehru stadium, the main venue of the Commonwealth Games, injuring 23 labourers.
The 95-metre long bridge was being built along with another overbridge at the cost of Rs 10.5 crore by Chandigarh-based company PNR Infra, Delhi government sources told PTI.
Public Works Department of Delhi government, which had given the contract to PNR Infra for constructing the overbridge as ordered an inquiry into the incident.
The bridge, whose construction was to be completed soon, was to connect the parking lot of the Jawaharlal Nehru Stadium where the opening and closing functions of Commonwealth Games would be held.
Friday, September 17, 2010
Tips to keep your body healthy and lean using pistachios.
Some people mistakenly think that pistachios are a "fattening" food... but despite having loads of healthy fats, these yummy little snacks can actually HELP you to burn off stomach fat. Let's see why...
Do you remember eating pistachios when they used to be dyed a deep pinkish/red? They were always so delicious, but after eating a bunch of those bright "red" nuts, your fingers and hands would be stained red.
Pistachios, as we now know, do not grow as magenta-colored nuts but come in a nice natural tan colored shell with a mild-tasting, crunchy, green and yellow interior. Nuts have risen in popularity lately, but did you know that pistachios are probably one of the most nutritious of all nuts?
It's hard to compare anything to the nutritional benefit of nuts like almonds, walnuts, and pecans... but pistachios give them a run for the money!
Just a one-ounce serving of pistachios will give you over 30 vitamins, minerals and other super nutrients.
One of the best things about nuts in general, is that they are full of minerals that are VITAL to our body's proper functioning. And if you have paid much attention to nutrition news lately, you may be aware that minerals are getting harder and harder to obtain from our diet, and many people are mineral-deficient in one way or another.
So what are these great nutrients in pistachios?
Well for starters, pistachios are full of copper, phosphorus, and manganese (different from magnesium).
Copper is made up of multiple enzymes that help to create many of the necessary biochemical reactions in your body and also forms connective tissue. Manganese also helps form connective and skeletal tissue, and is instrumental in growth, reproduction and (this is good!) carbohydrate and fat metabolism. Phosphorus is very important for strong bones and teeth and works with calcium to prevent osteoporosis.
Other important minerals are magnesium -- necessary for more than 300 different important biochemical reactions in your body, and good for your heart and blood pressure; potassium --an electrolyte that keeps the body in the correct acid/base balance and also helps in forming proteins, metabolizing carbohydrates and building muscle.
And there is more to this nutritional powerhouse...
Pistachios are a rich source of B vitamins. B vitamins are essential for good nerve transmission, muscle building, a good mood, lots of energy, and infection-fighting power. They are also one of the highest protein nuts (as well as healthy fats), so they make a great satisfying snack that keeps your blood sugar and insulin at a good steady level.
In one study on pistachios and antioxidants, pistachios ranked up in the group with the highest amount of antioxidant activity above over 100 other foods. Antioxidants help to prevent free radical damage, which saves your cells and prevents aging and disease among other things.
We hear a lot about eye health and nutrients for the eyes lately, and guess what-- pistachios contain generous amount of lutein and zeaxanthin which prevent macular degeneration and other eye diseases related to aging.
Fiber
Last but not least, pistachios are full of appetite satisfying fiber -- as much as a serving of oatmeal.
Nuts in general are a great source of fiber, which is valuable for fighting cancer, controlling blood sugar, and aids in a feeling of fullness. Most people only get about half the recommended amount of fiber they need in their diets, so eating pistachios will help add to your dietary intake.
Healthy Fats
While eating extremely large quantities of pistachios would be a LOT of calories... the good news is that the protein, good fats and fiber in them are nutritious and satisfy so much of the nutrient needs of your body, it's VERY difficult to overeat them.
Even when only eating small servings of these nuts, they have been proven to provide a high rate of satiety. Besides, having to shell all those pistachios actually ends up making you eat them a little more slowly, so the message to your brain that you are full happens on less nuts than if you were eating something already out of its shell.
Try to go for the all-natural or organic pistachios with no salt of low salt. Some brands of pistachios are a bit heavy on the salt.
Source & thanks to : Cat Ebeling, RN, BSN & Mike Geary, Certified Nutrition Specialist co-authors of the new Fat Burning Kitchen program
Do you remember eating pistachios when they used to be dyed a deep pinkish/red? They were always so delicious, but after eating a bunch of those bright "red" nuts, your fingers and hands would be stained red.
Pistachios, as we now know, do not grow as magenta-colored nuts but come in a nice natural tan colored shell with a mild-tasting, crunchy, green and yellow interior. Nuts have risen in popularity lately, but did you know that pistachios are probably one of the most nutritious of all nuts?
It's hard to compare anything to the nutritional benefit of nuts like almonds, walnuts, and pecans... but pistachios give them a run for the money!
Just a one-ounce serving of pistachios will give you over 30 vitamins, minerals and other super nutrients.
One of the best things about nuts in general, is that they are full of minerals that are VITAL to our body's proper functioning. And if you have paid much attention to nutrition news lately, you may be aware that minerals are getting harder and harder to obtain from our diet, and many people are mineral-deficient in one way or another.
So what are these great nutrients in pistachios?
Well for starters, pistachios are full of copper, phosphorus, and manganese (different from magnesium).
Copper is made up of multiple enzymes that help to create many of the necessary biochemical reactions in your body and also forms connective tissue. Manganese also helps form connective and skeletal tissue, and is instrumental in growth, reproduction and (this is good!) carbohydrate and fat metabolism. Phosphorus is very important for strong bones and teeth and works with calcium to prevent osteoporosis.
Other important minerals are magnesium -- necessary for more than 300 different important biochemical reactions in your body, and good for your heart and blood pressure; potassium --an electrolyte that keeps the body in the correct acid/base balance and also helps in forming proteins, metabolizing carbohydrates and building muscle.
And there is more to this nutritional powerhouse...
Pistachios are a rich source of B vitamins. B vitamins are essential for good nerve transmission, muscle building, a good mood, lots of energy, and infection-fighting power. They are also one of the highest protein nuts (as well as healthy fats), so they make a great satisfying snack that keeps your blood sugar and insulin at a good steady level.
In one study on pistachios and antioxidants, pistachios ranked up in the group with the highest amount of antioxidant activity above over 100 other foods. Antioxidants help to prevent free radical damage, which saves your cells and prevents aging and disease among other things.
We hear a lot about eye health and nutrients for the eyes lately, and guess what-- pistachios contain generous amount of lutein and zeaxanthin which prevent macular degeneration and other eye diseases related to aging.
Fiber
Last but not least, pistachios are full of appetite satisfying fiber -- as much as a serving of oatmeal.
Nuts in general are a great source of fiber, which is valuable for fighting cancer, controlling blood sugar, and aids in a feeling of fullness. Most people only get about half the recommended amount of fiber they need in their diets, so eating pistachios will help add to your dietary intake.
Healthy Fats
While eating extremely large quantities of pistachios would be a LOT of calories... the good news is that the protein, good fats and fiber in them are nutritious and satisfy so much of the nutrient needs of your body, it's VERY difficult to overeat them.
Even when only eating small servings of these nuts, they have been proven to provide a high rate of satiety. Besides, having to shell all those pistachios actually ends up making you eat them a little more slowly, so the message to your brain that you are full happens on less nuts than if you were eating something already out of its shell.
Try to go for the all-natural or organic pistachios with no salt of low salt. Some brands of pistachios are a bit heavy on the salt.
Source & thanks to : Cat Ebeling, RN, BSN & Mike Geary, Certified Nutrition Specialist co-authors of the new Fat Burning Kitchen program
Monday, September 13, 2010
Is that the holidays really rejuvenate?
As per ANI, a scientific study has found that those who go on holidays are not usually happy when they come back.
Dutch academic Jeroen Nawijn, of Erasmus University, Rotterdam, investigated the link between holidays and happiness in 1,530 men and women, of an average age of 50 last summer.
On questioning, he found that approximately two-thirds had been on holiday, and that people who had been back from their holidays for more than a few days were no happier than they had been a month or two before they went away.
"The maximum benefit of a holiday is two weeks after coming home. After that, people are not any happier than they were beforehand," the Daily Mail quoted Nawijn as saying.
He also found that people who have holidays booked but had not yet travelled tend to be happier than people who had not gone on holiday.
"People who have a great holiday may start to remember why they're alive, only to be thrown back into the living death known as working life," clinical psychologist, Oliver James, said.
Felicia Huppert, professor of psychology at Cambridge University, says the results of the Dutch study may be misleading as true happiness extends beyond someone's current mood.
"The way they've measured happiness relates to how you feel at the time. If you are going to measure something fleeting, you're going to find it goes back to its normal level," she said.
"Nowadays, psychologists are interested in another kind of happiness - to do with whether there's purpose in your life, as well as such self-esteem and your relationships with people," she stated.
The answer, says Nawijn, is to maximise your happiness by not booking one long holiday, but several shorter ones.
"The length of the after-effect of a holiday does not seem to be associated with the length of that holiday," he added.
Source: ANI (through MSN)
Dutch academic Jeroen Nawijn, of Erasmus University, Rotterdam, investigated the link between holidays and happiness in 1,530 men and women, of an average age of 50 last summer.
On questioning, he found that approximately two-thirds had been on holiday, and that people who had been back from their holidays for more than a few days were no happier than they had been a month or two before they went away.
"The maximum benefit of a holiday is two weeks after coming home. After that, people are not any happier than they were beforehand," the Daily Mail quoted Nawijn as saying.
He also found that people who have holidays booked but had not yet travelled tend to be happier than people who had not gone on holiday.
"People who have a great holiday may start to remember why they're alive, only to be thrown back into the living death known as working life," clinical psychologist, Oliver James, said.
Felicia Huppert, professor of psychology at Cambridge University, says the results of the Dutch study may be misleading as true happiness extends beyond someone's current mood.
"The way they've measured happiness relates to how you feel at the time. If you are going to measure something fleeting, you're going to find it goes back to its normal level," she said.
"Nowadays, psychologists are interested in another kind of happiness - to do with whether there's purpose in your life, as well as such self-esteem and your relationships with people," she stated.
The answer, says Nawijn, is to maximise your happiness by not booking one long holiday, but several shorter ones.
"The length of the after-effect of a holiday does not seem to be associated with the length of that holiday," he added.
Source: ANI (through MSN)
Thursday, September 9, 2010
Mind these words before buying a second home
Buying a house can itself be an experience of a lifetime! There are a lot of things that we keep mulling over before deciding on buying the right house. This holds true for buying your second house as well, whether for yourself or for investment purposes. Let us see some of the important factors that you should consider before buying your second house.
Affordability
This should be the first question you should be asking yourself. Can you afford buying a second house? And do you really need a second house now? Well, these questions will assume greater significance when your first house is already under a loan and you are paying EMIs for it! Nevertheless, it is always better to do your calculations, right from calculating your current income, expenses and reserve for contingencies.
Times are tough these days! Hence, it is equally important to consider how your source of income would behave in the next few years because this could play havoc if something goes wrong in the long run. This assumes greater significance if you are buying a second house on a loan! Further, there are tax implications like the municipal taxes that should be considered.
If you are buying a second house for pure investment purposes, then you should consider the capital appreciation part of it and the rental yield. But if you are buying it for other purposes, say for spending your vacation then it is wiser to consider the number of days that will be spent there every year and the costs involved in maintaining it while you are there and away. There are also the tax implications to be considered.
Some people buy a second house only to rent it out. This too would attract a tax as the income from rent is taxable. Hence it is better to consider how you are going to use your second house and the financial and tax implications it could have on your budgets.
Home loan eligibility and restrictions
For instance you had bought your first house on a home loan and if you have plans to buy your second house too on a home loan remember that the loan terms may not be the same as it was on the loan for buying your first home!
Be ready to pay more towards upfront costs when buying your second home. This is because banks restrict financing for only upto 75 percent of the value of your second house while buying your first house could get you a bank finance of upto 90 percent of the value. Also, the interest rates could be higher for home loans to buy a second house.
Loan amount
Well, theoretically it depends on your monthly income. However it also depends on the banks’ who seldom would like to keep the EMI amount to less than 50 percent of your salary! So the actual loan amount you could get could go down in cases like you are still paying EMI for your first house and or already taken up other forms of loans like a personal loan or car loan for instance. Perhaps a joint home loan with your spouse could get you more loan amount but this again depends on many other factors.
Tax benefits on your second house
Now who would want to pay more tax on a second house! However, this could well be the case even if you have not rented out your second house! Income tax rules consider that if you own more than one house, then only one house is considered as occupied for your own self while the other houses owned by you are considered to be rented out, even if that is not the case in reality. The rent is calculated based on the prevailing market rates and are taxable. So be clear on the purpose of buying a second house before actually buying it.
Location important for capital appreciation
If you are buying a second house for investment purposes, then its location is crucial for capital appreciation. Be it for rental purposes or leasing out or a possible resale, the location of your second house is very important from this standpoint. Investing in a second house that is on a prime location or at least on a location that has a good scope for development in the future is very important.
Other factors
Apart from the above factors that are second house-specific, there are other common factors that you should consider before buying any number of houses or even buying your first house for that matter.
The price of the property, its location, the reputation of the builder, age of the building, its design and layout, quality of construction and the legal status of the building should be considered before buying the property.
Thanks to http://loans.msn.bankbazaar.com/guide/
Affordability
This should be the first question you should be asking yourself. Can you afford buying a second house? And do you really need a second house now? Well, these questions will assume greater significance when your first house is already under a loan and you are paying EMIs for it! Nevertheless, it is always better to do your calculations, right from calculating your current income, expenses and reserve for contingencies.
Times are tough these days! Hence, it is equally important to consider how your source of income would behave in the next few years because this could play havoc if something goes wrong in the long run. This assumes greater significance if you are buying a second house on a loan! Further, there are tax implications like the municipal taxes that should be considered.
If you are buying a second house for pure investment purposes, then you should consider the capital appreciation part of it and the rental yield. But if you are buying it for other purposes, say for spending your vacation then it is wiser to consider the number of days that will be spent there every year and the costs involved in maintaining it while you are there and away. There are also the tax implications to be considered.
Some people buy a second house only to rent it out. This too would attract a tax as the income from rent is taxable. Hence it is better to consider how you are going to use your second house and the financial and tax implications it could have on your budgets.
Home loan eligibility and restrictions
For instance you had bought your first house on a home loan and if you have plans to buy your second house too on a home loan remember that the loan terms may not be the same as it was on the loan for buying your first home!
Be ready to pay more towards upfront costs when buying your second home. This is because banks restrict financing for only upto 75 percent of the value of your second house while buying your first house could get you a bank finance of upto 90 percent of the value. Also, the interest rates could be higher for home loans to buy a second house.
Loan amount
Well, theoretically it depends on your monthly income. However it also depends on the banks’ who seldom would like to keep the EMI amount to less than 50 percent of your salary! So the actual loan amount you could get could go down in cases like you are still paying EMI for your first house and or already taken up other forms of loans like a personal loan or car loan for instance. Perhaps a joint home loan with your spouse could get you more loan amount but this again depends on many other factors.
Tax benefits on your second house
Now who would want to pay more tax on a second house! However, this could well be the case even if you have not rented out your second house! Income tax rules consider that if you own more than one house, then only one house is considered as occupied for your own self while the other houses owned by you are considered to be rented out, even if that is not the case in reality. The rent is calculated based on the prevailing market rates and are taxable. So be clear on the purpose of buying a second house before actually buying it.
Location important for capital appreciation
If you are buying a second house for investment purposes, then its location is crucial for capital appreciation. Be it for rental purposes or leasing out or a possible resale, the location of your second house is very important from this standpoint. Investing in a second house that is on a prime location or at least on a location that has a good scope for development in the future is very important.
Other factors
Apart from the above factors that are second house-specific, there are other common factors that you should consider before buying any number of houses or even buying your first house for that matter.
The price of the property, its location, the reputation of the builder, age of the building, its design and layout, quality of construction and the legal status of the building should be considered before buying the property.
Thanks to http://loans.msn.bankbazaar.com/guide/
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