Some comments from Mr. H D DeveGowda...before his son Kumaraswamy lost his seat as CM of the state:

 

 

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  Pillai travelled to the Woolwich Art Museum in the UK for a look at the carefully preserved remnants of the rockets, used in the 1792 Third Anglo-Mysore War. He then visited the ruins of Tipu’s capital Srirangapatna, 120 km from Bangalore. A few calculations of his own, and Pillai had a clear picture.

“The rockets were ingenious pieces with cast-iron chambers where 2 kg of gunpowder was stacked under pressure,” he told The Telegraph. “When ignited, the exhaust flowed out of a nozzle-like opening and, thanks to Newton’s third law of motion, a reaction took place. The rocket went off on rails (which functioned as a launcher) that gave it an initial momentum.”

Most historians believe that rocket technology was born in China in the 13th century. Genghis Khan’s Mongol army learnt it and took it across the Caspian Sea, to be adapted later by Renaissance Europeans. But Pillai says Tipu’s missiles were a class apart.

Historian Suryanath Kamath agrees but adds that although the rockets scattered the enemy, Tipu lost the war and had to pledge his two sons till he could pay an indemnity of Rs 3 crore to the British.

The rockets were mostly fired from a dibba (mound), but Tipu also had a variant. Paintings at Srirangapatna (earlier known as Seringapatnam) show infantrymen holding hand-fired, sword-tipped rockets that probably had a shorter range.

Tipu’s rocket division is believed to have had at least 5,000 men, or kushoons, in 27 formations. They were trained to be accurate, and even had a provision for launching three rockets simultaneously.

“The rockets were manufactured in Taramandalpet in Bangalore where the sultan had an ordnance factory. He was a great innovator,” Kamath says.

Pillai has found evidence of the Mysore army’s expertise in storing the missiles, too. “I saw the ruins of rocket storage places and ammunition dumps. Though there is no evidence as to how Tipu learnt its principles, there is clear-cut evidence that rockets were used.”

Pillai will not be taking just a history lesson to Kalam but also a fervent plea for improved preservation of the scattered monuments, including the rocket dibba, that are maintained by the Archaeology Survey of India and the Karnataka archaeology department.

“Other countries preserve their history well. Here, we need a certificate from the West to show off what is originally ours. It’s time to be proud of our heritage and rewrite the textbooks,” Pillai said. 

 

click on this to see the different shades of INDIA.....and some of  JAPAN also... :)

 

 some 6.2 million US Dollars and 606   takes and retakes. 

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April 12^th was black day for Karnataka…their very own Dr Rajkumar; the thespian actor expired that day due to cardiac arrest.

   Well I have not seen any of his movies but what I can remember from my 8 years of stay in Bangalore is that…he was a powerful actor…. huge fan base .

  But what happened on 12^th and 13^th -Pelting stones…on cars,buses,offices ; bringing the city to a complete standstill didn’t show the correct picture by the people of Karnataka to the outside world.

   This shows that though the people are staying in the Urban areas….but still their thinking is not URBANIZED.

 Rajkumar died a natural death…there was no conspiracy to kill him. There was no need to close the whole of city after his death, was the whole city closed when any of the National level leaders expired NO IT WAS NOT, then why for RAJKUMAR?

This is were North/West/East scores upon South of India…. they don’t take Actors as GOD

 By closing , burning the whole what did the so called FAN..think…they would get HIM back…or will get alive…The administration was also at fault…they should have also have had a plan to take care of these situations wherein some VVIP die….!!!!

   Now the question arises why was RAJKUMAR considered as GOD ??? well in my opinion….. he entered the FILM Industry when the TV sets were expensive…hence the only mean of entertainment were FILMS…and his entry was thru a mythological movie..followed by many of them…Hence people took him as GOD…he had captivated the mindset of the people. Then he started a movement to make KANNADA as the medium of instruction in KARNATAKA…hence touching the sentiments of the people..hence leading to the difference between the NORTH and SOUTH, and u can feel that effect till today…as most people here are not able to understand HINDI nor speak it.

    Wat did RAJKUMAR do for KARNATAKA ? is my question!!!!!!!!!!!!!

o       Did he do anything for the upliftment of the City or the state…!!!

o       He was an actor…and he was paid for it..he didn’t do it for free .I think he was paid for it ….and he capitalized upon his fame

o       He could have used his fame to abolish the north south feeling.

 

His death was and is a great loss for the state…but by closing the state for a day …resulted in loss…what about those people who are on daily wages…what about people who were stranded on the airport, railway and bus stations….who were forced to pay more to the Taxi and the auto….!!!

  May his SOUL rest in peace…..but not those who politicized his death

 

Is Low NAV Cheap?
Investors should ignore the net asset value when they buy a mutual fund 
 

 

 

 

Rich don't work for money – they make money work for them. What is the difference between making money work for you and working for money? In first case where individual makes money work for him or her, he or she becomes master of money.

In second case where individual works for money, she or he becomes slave of money and money becomes his or her master. Well known fact is that money is a very good slave but extremely poor master.

How can one make money his or her slave? Simple, by regularly saving and investing. Whenever you earn, first pay yourself. Invest at least 10 per cent of your gross income. Over a period of time your investments will grow and start generating returns.

Soon you will reach a stage where return from investments are enough to take care of routine expenses. Moment you reach that stage you are on fast track. Your investment will generate return to take care of your life style and your fresh new earnings will increase your investment corpus.

Now you are not working for money. Your investments are working for you. Money is your slave and you are its master. Remember one golden rule in life, earn-save-spend. People who follow this will eventually make money their slave.

There are other set of people. They first earn than spend and lastly save. They will always remain slave of money. When they earn more they spend more. If they do not earn more they probably will borrow.

People who cannot control expenses and save become slave of money. They will have to keep working for money whole of their life.

In first instance people are working for themselves. Whatever they earn they save for themselves. From their savings they further generate returns for themselves. Second set of people work for others. When they spend on goods and services, shopkeepers and service providers earn profit, so they are working for them.

 

If they borrow money, they pay interest. Interest paid by these people is income for someone else and hence they are earning for the lenders. These people even end up paying higher tax. This is because all governments give tax benefits to savers, no government gives tax benefit to spenders.

Being spenders first they work for paying taxes. After paying everyone, if there is any surplus left they are able to save or should we say spend?

Another important thing rich do is to create assets. Others create liabilities. Definition of asset is different for financial planning perspective. Any cash outflow which has potential to generate returns either immediately or in distant future is an asset. Rich invest in income generating assets.

On the other hand majority of people create liability. If any of your outflows are likely going to result in spending either now or in further future it is liability. For example when one invests in fixed deposit she or he will generate income by way of interest and hence it is an asset. On the other hand if one buys car, she or he is likely to further incur expenses by way of fuel, maintenance etc and hence from financial planning perspective car is a liability.

Often people struggle even after earning more or getting pay hikes is because they would have created lots of liabilities. They would continue working for all those liabilities.

An investment is like sowing a seed. Initially you need to water it but soon it starts fending for itself and grow. The rich sow seeds of assets and later make the assets work for them. The others sow the seeds of liabilities and work for them.

Source: www.ibnlive.com 

Are you young, earning big and want to know how to invest right? Here are five smart ways to do so.

1. Your ideal portfolio is one with 90 per cent in Equity Mutual Funds, and 10 per cent in fixed return products like PPF, Recurring Deposits, Bank Deposits

2. If you want to save on a regular basis, you could go in for a systematic investment plan (SIP) in a diversified mutual fund scheme. It is like a recurring deposit itself but is more beneficial

3. Invest in short term (money market) mutual fund schemes. The returns are higher and the liquidity is great

4. Choose a low cost term insurance policy, which is the cheapest form of insurance. An endowment or money back policy is not required when you don't have dependants

5. Go in for Equity Linked Saving Schemes (ELSS) investments. This way, your exposure to equity goes up and it also helps in tax saving. Prefer them over NSC and infrastructure bonds whose returns are very low when compared to equity.

Bryan Adams was one of the most popular mainstream rock & rollers to emerge in the '80s, producing a series of platinum albums and Top Ten hits. At the beginning of his career, he relied more on rock than pop, but as his career progressed, he became known for his ballads

Born in Canada of English parents, the young Adams grew up in a variety of countries as befits the son of a UN diplomat.

Adams began his career as a songwriting partner of Jim Vallance, a former member of Prism. Vallance and Adams wrote songs for several Canadian rockers, including Loverboy and Bachman-Turner Overdrive as well as Bonnie Tyler and Kiss.

In 1979, Adams signed a contract with A&M Records' Rondor Music, assembling a band that included Vallance on drums, plus Ken Scott (lead guitar) and Dave Taylor (bass). Their debut single, "Let Me Take You Dancing", was followed by a self-titled album, although neither charted. He spent 1982 touring with Foreigner, the Kinks and Loverboy. The resultant 'You Want It, You Got It' managed to reach the U.S. charts.

Bryan Adams' commercial breakthrough came in 1983 with Cuts Like a Knife. This album reached number 8 and went platinum in the USA (although it did not chart in the UK until three years later). It saw Vallance leave, to be replaced by Mickey Curry, though he maintained his songwriting partnership with Adams. "Straight From the Heart," a ballad taken from the record, reached the Top Ten before the album was released. The album also made it into the Top Ten, while the title track peaked at number 15; a third single, "This Time," reached number 24.

Adams' fourth album, Reckless, was issued towards the end of 1984 and topped the Billboard album chart. It also gave him his first major UK chart placing, reaching number 7, while the singles "Run To You" (US number 6/UK number 11) and "Somebody" (US number 11/UK number 35) further established Adams as a hitmaker. He enjoyed a US number 1 in mid-1985 with "Heaven", the b-side of which was "Diana", a tribute to the UK princess, which helped to create the tabloid headline "Princess Di Flirts With Canadian Rock Star". Reckless, became a blockbuster success, spending two weeks at the top of the U.S. album charts and selling over five million copies. Besides "Run to You," Reckless featured five other Top 15 singles, including the number one "Heaven," "Summer of '69," "Somebody," "One Night Love Affair," and "It's Only Love," a duet with Tina Turner. Adams was introduced by actor Jack Nicholson at the July 1985 Live Aid concert in Philadelphia, though UK audiences had to cope with transmission problems. He also co-wrote (with Vallance) and helped to perform the Canadian benefit record for Ethiopia, "Tears Are Not Enough".

Released in 1987, Into the Fire proved to be a considerable commercial disappointment, spending 33 weeks on the charts, selling one million copies, and spawning only one Top Ten hit, "Heat of the Night."

In 1988, he guested at the Nelson Mandela birthday party concert at Wembley Stadium in London, and in 1990 appeared with Roger Waters and others at the special Berlin performance of The Wall.

All this was eclipsed, however, by his contribution to the 1991 Kevin Costner movie, Robin Hood: Prince Of Thieves. "(Everything I Do) I Do It For You" was a phenomenal chart success, topping the UK singles listings for an incredible 16 weeks, the longest run since Frankie Laine's 18-week domination with "I Believe" in 1953; it also sold three million copies and hit the number 1 position in the USA, becoming the bestselling single of that year. The success of "(Everything I Do) I Do It for You" re-established Adams as a mainstream rock commercial powerhouse, setting the stage for the triple-platinum Waking Up the Neighbours, released in the fall of 1991. Waking Up the Neighbours launched the number two hit "Can't Stop This Thing We Started" (US number 2/UK number 11), the minor hit "There Will Never Be Another Tonight," and two Top 15 singles, "Thought I'd Died and Gone to Heaven" (US number 13/UK number 8), and "Do I Have to Say the Words?"

The following year, Bryan Adams released a greatest-hits collection, So Far, So Good, which featured a new track, "Please Forgive Me." The ballad became another Top Ten success, as did the similar-sounding "All for Love" -- a collaboration with Rod Stewart and Sting for the 1993 movie The Three Musketeers -- which reached number one.

In 1994, he undertook a major tour of South-East Asia (in the process becoming the first Western hard rock artist to visit Vietnam since the end of the war) and bought a house in London.

In the summer of 1995, Adams had his fourth number one single, "Have You Ever Really Loved a Woman?," taken from the Don Juan DeMarco soundtrack; the single spent five weeks at number one.

The 18 "Til I Die album attempted to restore his rocker image with limited success. "On A Day Like Today" and "When You're Gone", a high profile duet with Melanie C. from the Spice Girls that reached UK number 3 in December 1998 and spent 10 weeks in the Top 10, helped re-establish his commercial profile.

A recording hiatus followed, during which time Adams enjoyed success as a celebrity photographer. In 2002 he photographed Queen Elizabeth II for her Golden Jubilee. Later in the year he released his first album in four years, collaborating with composer Hans Zimmer on the soundtrack to the animated film Spirit: Stallion Of The Cimarron.

  When talking about mutual funds, a lot of jargon is spewed.Here's to understanding what all these terms mean :

Mutual fund

  a mutual fund pools together money from a number of investors, uses professionals to manage and invest it with the aim of achieving a return. The mutual funds industry is regulated by the Securities and Exchange Board of India.

AMC

An Asset Management Company is the fund house, or the company that manages the money.

The mutual fund itself is a trust registered under the Indian Trust Act, and is initiated by a sponsor. The sponsor is the person who acts alone or with another corporate to establish a mutual fund. The sponsor then appoints an AMC to manage the investment, marketing, accounting and other functions pertaining to the fund.

For instance, ABN AMRO Trustee (India) Private Limited is appointed as the trustee to the ABN AMRO mutual fund.

ABN AMRO Asset Management (India) Limited is appointed as its investment manager.

Various schemes or individual funds with different objectives can be floated under the umbrella of one parent.

So, ABN AMRO Equity Fund, ABN AMRO Opportunities Fund and ABN AMRO Flexi Debt Fund are all independent schemes of ABN AMRO Mutual Fund and are managed by the ABN AMRO AMC

ELSS

Equity Linked Saving Schemes are diversified equity mutual funds (funds that invest in the shares of various companies of various sectors) with a tax benefit.

To avail of the tax benefit, your money must be locked up for at least three years.

The tax benefit for these schemes falls under Section 80C.

NFO

A New Fund Offering is the term given to a new mutual fund scheme. During the launch period, fund investors can buy units for Rs 10 each.

NAV

The Net Asset Value is the price of a unit of a fund. When a fund comes out with an NFO, it is priced Rs 10. Later, depending on the value of the investments, this price could rise or fall.

Load

This is a fee charged when you buy or sell the units of a fund.

When you buy the units of a fund, you pay a percentage of it as a fee. This is known as the entry load.

Let's say you are investing Rs 10,000 and the entry load is 2%. That means you pay Rs 200 as the entry load and Rs 9,800 is invested in the fund.

Now, let's assume you are selling the units of your fund. And the Rs 10,000 you invested initially is now Rs 15,000. Let's further assume that the exit load is 2%. So you pay Rs 300 and get back Rs 14,700. 

Generally, if funds charge an entry load, they will not charge an exit load. Or vice versa. Only one of the loads is charged.

The load is a percentage of the NAV.

SIP

A Systematic Investment Plan refers to periodic investing in a mutual fund. Every month or every three months, the investor will have to commit to putting in a fixed amount. This will go towards the purchase of units.

Let's say that every month you commit to investing, say, Rs 1,000 in your fund. At the end of a year, you would have invested Rs 12,000 in your fund.

If the NAV on the day you invest in the first month is Rs 20, you will get 50 units.

The next month, the NAV is Rs 25. You will get 40 units.

The following month, the NAV is Rs 18. You will get 55.56 units.

So, after three months, you would have 145.56 units. On an average, you would have paid around Rs 21 per unit. This is because, when the NAV is high, you get fewer units per Rs 1,000. When the NAV falls, you get more units per Rs 1,000.

Portfolio

This is the term given to all the investments made by the fund as well as the amount held in cash.

Corpus

Let's assume a very small mutual fund has an initial investment of 1,000 units and each unit is worth Rs 10. Hence, the total amount with the fund is Rs 10,000. This is referred to as the Corpus. Later, some other investors invest Rs 2,000. Now the corpus will be Rs 12,000 (Rs 10,000 + Rs 2,000).

The total amount invested (Rs 12,000) is called the corpus or the total amount of money invested in the fund.

AUM

Assets Under Management is the total value of all the investments currently being managed by the fund.

Let's say the corpus is Rs 12,000 but, due to a rise in the price of the shares it has invested in, the value of the units has increased. So the Rs 12,000 invested is now worth Rs 15,000. This figure is referred to as AUM.