Turning Points : APJ Abdul Kalam was ready to swear Sonia Gandhi as the Prime Minister after the 2004 polls

APJ Abdul Kalam was ready to swear Sonia Gandhi as the Prime Minister after the 2004 polls when he was the President despite pressure from various political leaders before Manmohan Singh was nominated to head the UPA government.

Kalam's stand on the political situation after the Lok Sabha elections lifted the veil on an episode that has been intensely speculated upon that he was reluctant to appoint the Italian-born Gandhi as the country's Prime Minister.

In a forthright account of his five-year tenure as President in a book titled "Turning Points", Kalam recalls that had Gandhi staked a claim herself he would have appointed her as it was the only "Constitutionally tenable" option available to him.

The former President says he was almost certain that Gandhi would head the UPA government but Rashtrapati Bhavan had to rework the appointment letter after the Congress chief nominated Singh as the Prime Minister.

"During this time there were many political leaders who came to meet me to request me not to succumb to any pressure and appoint Mrs Gandhi as the prime minister, a request that would not have been Constitutionally tenable. If she had made any claim for herself I would have had no option but to appoint her," the book says.

The lies of BJP and RSS men are exposed by this News. Now it is amply clear that it was Sonia who declined PM post and not the President. Gurumoorthy!!! Where are you?

Private Placement -13.75% Peninsula Land Ltd & First Leasing Co

Enclosed please find the Company Highlights and Issue details for Private Placement of “Peninsula Land LTD”


Peninsula Land Limited  (‘the Issuer’/ ‘the Company’/ ‘the Borrower’/ ‘PLL’)


Secured Redeemable Non-Convertible Debentures (‘NCD’/ ‘Debentures’)

Credit Rating

“A“ by ICRA

Tenor (Door to Door)

2 Years (24 months)

3 Years (36 months)

5 Years (60 months)

Put / Call Option





At par in 2 equal half yearly installments starting from the end of 18th month from the deemed date of allotment

At par in 4 equal half yearly installments starting from the end of 18th month from deemed date of allotment

At par in 5 equal half yearly installments starting from the end of 36th month from deemed date of allotment.

Coupon Rate

13.25 % p.a.

13.75 % p.a.

13.75 % p.a.

Coupon payment frequency




Enclosed please find the Issue details & Financing Term sheet for Private Placement of “First Leasing Company of India LTD”




Credit rating

“BWR AA” by Brickworks & “CARE AA-“ by CARE

Face Value/Issue Price

Rs 1,00,000/- (Rs One Lakh) per NCD


7 years

Coupon Rate

12.10 % p.a.

Interest Payment Frequency


Peninsula Land - Draft Term Sheet.pdf Download this file

Peninsula Land - Company Highlights.pdf Download this file

First leasing Company Of India Ltd - Term Sheet.pdf Download this file

A simplified summary of the key steps taken by John Piper to get where he is today

The 55 steps

A simplified summary of the key steps taken by John Piper to get where he

is today

1 We are intrigued by the market and start to do some preliminary

reading and research.

2 We buy a book or two and perhaps some newsletters.

3 We find something we quite like and start doing some research using

this particular technique.

4 We dabble a bit in the market, trading every now and then, mainly

losing money, but not much, and having the occasional winner.

5 We generally forget about the losers and congratulate ourselves on

our winners. Convincing ourselves that once we learn the tech-

niques better there will be fewer of the former and more, lots more,

of the latter.

6 We keep manual charts, which may become quite large physically,

and maybe plot a few indicators manually (this was before comput-

ers became quite so available).

7 We spot an approach to the market we think cannot fail to win!

8 We start to trade actively.

9 The results make it clear that it is not as easy as appeared to be the

case. There were a few key points we failed to fully appreciate
We continue to trade. Results are fairly indifferent (to bad) but there

are enough profits to keep the interest up.

11 We continue to expect great results.

12 Trading volume increases and the amount of money in the market


13 We continue to read and take newsletters, but our research has only

scratched the surface. We still have no real idea what we are

involved with.

14 Our technique scores a major success (the ‘87 Crash), but our lack of

trading skills means that we do not profit from it as we might.

15 The market begins to instill a little fear but we have yet to learn the

first key lesson.

16 We keep trading in size. We are overtrading and clearly act as a fugi-

tive from the law of averages. It is only a matter of time.

17 We make a big profit. It is all going well, we start to get overconfi-


18 We suffer a big loss. Psychological problems start to develop.

19 We buy a computer and start to monitor many more indicators.

20 We look at other techniques and other markets.

21 We get wiped out.

22 It becomes clear this is not at all as easy as it looks.

23 We become impossible to live with.

24 It also becomes clear that the information available (in 1987/88) is

not much use to those seeking to make money from trading.

25 We determine to fill this void and look to create a newsletter telling

it how it is.

26 We work with an analyst in the USA. Note how inappropriate this is

for someone who wants to trade. Much better to work with a trader!

27 We continue to trade, but in a much reduced manner.

28 We start our newsletter which is an immediate success.

29 This requires a lot of research plus a lot of self analysis, but it is still

not clear that trading is a psychological issue and that the externals(systems/software/computers/ brokers/advisers, etc.) are almost

completely irrelevant until the internal is set up right.

30 We are plagued with fear and have no clear methodology.

31 It becomes clear that judgmental trading (without a clear methodol-

ogy) is a dead end.

32 We start to look for a suitable methodology.

33 Those available on the market do not seem to be suitable and so we

design our own.

34 We start to trade using a clear methodology. This is not easy but

some things start to become obvious.

35 We find ourselves trading for no good reason (something that was

impossible to detect before we had a clear methodology), but then

realize that it is due to an argument earlier. Self esteem clearly plays

a role.

36 We realize that the key element in trading is our own mentality. 

Now we can start to make some real progress.

37 We improve our systems and start to make some money on a one

contract basis.

38 But we are still fearful and this remains a big problem. We learnt,

some time ago, the necessity of cutting losses, we cannot get to the

second secret until we deal with the fear.

39 We keep trading and we continue to do OK, we start to get more con-

fident and the fear starts to dissipate.

40 We take another big hit.

41 We feel awful and think we should perhaps give up, should perhaps

have given up some years ago when it all went wrong the first time.

42 We keep trading and determine not to get overconfident again. We

reinforce the stress management systems we had to learn in the

early days and keep meditating (essential to trading success). We

realize the importance of remaining humble and also of being an

“empty vessel.” If you are full of yourself there is no room to learn

anything else.
We meet another trader who becomes a mentor. He introduces a new

(to us) technique (Market Profile) which immediately “fits.” This is

because we now have the right attitude.

44 We build on our successes. Systems improve, results improve, and

our mental attitude improves, fear becomes less of a problem.

45 We decide to see a trading coach/psychologist (Adrienne Toghraie)

and have an initial meeting in Switzerland.

46 We make a big profit by letting profits run. We have managed to do

what every successful trader must. Can we repeat this trick?

47 We start to move away from fear, and start to become risk orientated.

48 We realize that mental attitude is all. We see that it is vital to be

relaxed, we reduce position size, again!

49 We spend a few days in the USA working in a group with our trad-

ing coach/psychologist.

50 We begin to make money with consistency.

51 We get a little overconfident, again! But this time we realize the fact

and the damage is limited. But we learn, again, to remain humble.

52 We start to trade almost subconsciously some of the time. We are

becoming expert.

53 We know there are still many challenges ahead but we are confident

that we will deal with them.

54 Money ceases to be a problem, we truly live in a world of abundance.

55 We find that our lives improve across the board and that we are

achieving in a wide range of areas.

I blog with BE Write

How to transfer money using NEFT?

NEFT is National Electronic Fund Transfer System managed by RBI for transfer of funds from one bank account to another account irrespective of bank and location of accountholders. Many of the banks now permitting online transfer of funds across the banks. You can transfer upto Rupees one lakh and the amount will be credited to the destination account on the same day. The bank may charge you only Rs.6 per transaction. Some banks like KVB charges nothing.

To be part of the NEFT funds transfer network, a bank branch has to be NEFT- enabled.The list of bank-wise branches which are participating in NEFT is provided in the website of Reserve Bank of India athttp://www.rbi.org.in/Scripts/bs_viewcontent.aspx?Id=2009

How does the NEFT system operate?

Step-1 : An individual / firm / corporate intending to originate transfer of funds through NEFT has to fill an application form providing details of the beneficiary (like name of the beneficiary, name of the bank branch where the beneficiary has an account, IFSC of the beneficiary bank branch, account type and account number) and the amount to be remitted. The application form will be available at the originating bank branch. The remitter authorizes his/her bank branch to debit his account and remit the specified amount to the beneficiary. Customers enjoying net banking facility offered by their bankers can also initiate the funds transfer request online. Some banks offer the NEFT facility even through the ATMs. Walk-in customers will, however, have to give their contact details (complete address and telephone number, etc.) to the branch. This will help the branch to refund the money to the customer in case credit could not be afforded to the beneficiary’s bank account or the transaction is rejected / returned for any reason.

Step-2 : The originating bank branch prepares a message and sends the message to its pooling centre (also called the NEFT Service Centre).

Step-3 : The pooling centre forwards the message to the NEFT Clearing Centre (operated by National Clearing Cell, Reserve Bank of India, Mumbai) to be included for the next available batch.

Step-4 : The Clearing Centre sorts the funds transfer transactions destination bank-wise and prepares accounting entries to receive funds from the originating banks (debit) and give the funds to the destination banks(credit). Thereafter, bank-wise remittance messages are forwarded to the destination banks through their pooling centre (NEFT Service Centre).

Step-5 : The destination banks receive the inward remittance messages from the Clearing Centre and pass on the credit to the beneficiary customers’ account.

What is IFSC?

IFSC or Indian Financial System Code is an alpha-numeric code that uniquely identifies a bank-branch participating in the NEFT system. This is an 11 digit code with the first 4 alpha characters representing the bank, and the last 6 characters representing the branch. The 5th character is 0 (zero). IFSC is used by the NEFT system to identify the originating / destination banks / branches and also to route the messages appropriately to the concerned banks / branches.

How can the IFSC of a bank-branch be found

Bank-wise list of IFSCs is available with all the bank-branches participating in NEFT.List of bank-wise branches participating in NEFT and their IFSCs is available on the website of Reserve Bank of India athttp://www.rbi.org.in/Scripts/bs_viewcontent.aspx?Id=2009 .All the banks have also been advised to print the IFSC of the branch on cheques issued to their customers. For net banking customers many banks have enabled online search / pop-up of the IFSC of the destination bank branch.


So what are all the steps in nut shell

  1. Log in to your banks net banking web site
  2. Go to bank accounts and click on fund transfer option
  3. Choose Fund Transfer outside the bank
  4. Click on add beneficiary
  5. Add name of the receiver, bank account number, account type, IFSC code then click add
  6. Some bank may ask you to input confirmation PIN sent through SMS. Fill the PIN and click confirm (one time addition)
  7. Again click on Fund Transfer to other banks. From drop down menu, choose the beneficiary and fill the amount
  8. Click , confirm and input transaction password.
  9. The beneficiary would get the amount with in next 4 hours.

Presently, NEFT operates in hourly batches - there are eleven settlements from 9 am to 7 pm on week days (Monday through Friday) and five settlements from 9 am to 1 pm on Saturday.

The beneficiary can expect to get credit for the first nine batches on week days (i.e., transactions from 9 am to 5 pm) and the first four batches on Saturdays (i.e., transactions from 9 am to 12 noon) on the same day. For transactions settled in the last two batches on week days (i.e., transactions settled in the 6 and 7 pm batches) and the last batch on Saturdays (i.e., transactions handled in the 1 pm batch) beneficiaries can expect to get credit either on the same day or on the next working day morning (depending on the type of facility enjoyed by the beneficiary with his bank).




Some Mutual Funds worth looking for

Last one year mutual fund returns are in negative. Still some brave individuals looking to invest in Mutual Funds. Investchips.com compiles a list of mutual funds which may give handsome returns in long run.

  1. HDFC Equity
  2. DSP Blackrock Top 200 Equity
  3. Birla Sun Life Frontline Equity
  4. Birla Sun Life Dividend Yield Plus
  5. DSP Blackrock Small and Midcap
  6. ICICI Prudential Tax Plan (ELSS)
  7. Canara Robeco Taxsaver (ELSS)

Happy investing.

Some Mutual Funds worth looking for

Last one year mutual fund returns are in negative. Still some brave individuals looking to invest in Mutual Funds. Investchips.com compiles a list of mutual funds which may give handsome returns in long run.

  1. HDFC Equity
  2. DSP Blackrock Top 200 Equity
  3. Birla Sun Life Frontline Equity
  4. Birla Sun Life Dividend Yield Plus
  5. DSP Blackrock Small and Midcap
  6. ICICI Prudential Tax Plan (ELSS)
  7. Canara Robeco Taxsaver (ELSS)

Happy investing.

How I manually upgraded my Samsung Galaxy SII to ICS

Though the Samsung unveiled official Ice Cream Sandwich update on Samsung Galaxy S II handset, users in India yet to get this offer. I decided to manually upgrade my OS. Below are the steps I followed .

Since this is an official firmware, users will not lose their warranty if they flash this firmware on their phone. Their phone will however be wiped clean of all data, so please make a backup of your data before proceeding futher!

Step 1: Download the official XXLPQ firmware from here (Mirror 1 2, 3 and a torrent link) and download ODIN from here. Extract the LPQ firmware zip file inside a new folder on your desktop.

Step 2: Switch off your Galaxy S2 and re-insert its battery. Now boot your Galaxy S2 in Download mode by pressing the Volume Down + Home + Power button simultaneously. Your phone will then show you a warning. Simply skip the warning by pressing the Volume Up button.

Step 3: Start ODIN, and then connect your Galaxy S II to your PC. ODIN will then detect your phone, and display a random COM:ID number inside a glowing rectangle box. Click on the ‘PDA’ button, and select the ‘I9100XXLPQ_I9100OXALPQ_I9100XXLPQ_HOME.tar.md5’ file. It is theonly file inside the zip file that you downloaded in Step 1 above.

Step 4: Do not touch any other option. Simply press the Start button and wait for ODIN to flash the firmware.

The firmware is pretty big (600MB extracted), and so ODIN will take some time to flash it. The first boot after the flash will also take considerable time. It took nearly 10minutes for my Galaxy S II to start after I flashed the firmware.

Now enjoy. Surprisingly all my earlier apps are not wiped out and automatically optimised for ICS.

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