28 February 2011

What is variable life insurance plan (VLIP) and its difference with unit-linked insurance plan (ULIP ) , Advantage of VLIP and all about premium which combines investment and insurance

A variable life insurance plan (VLIP) combines investment and insurance, just like an unit-linked insurance plan (ULIP). Variable life insurance schemes offer flexibility in the proportion of mortality and savings components.

These plans also offer more transparency, simplicity, quick liquidity, guaranteed minimum returns, transparent charges and ample risk cover. This type of life insurance allows you to participate in several investment options simultaneously targeting your premiums to separate accounts.

Generally, the optional investment funds include stocks, bonds, money market funds, equity funds, or a combination of them all. Variable Life Insurance allows you to switch from one sub-account to another.

You can also apply the interest earned on these investments toward the premium, reducing the amount you pay. In a departure from the ULIPs, the returns are declared by insurance companies annually and are not linked to the stock market.

One part of the premium is allocated to buy life insurance. The balance is invested in bonds or equities. The premium amount cannot be altered in the course of the policy, but the death benefit and savings element can be reviewed and altered as the policyholder's circumstances change.

You can increase your insurance protection and decrease the investment component, or vice versa. Another feature of this plan is that it does not get automatically canceled if the policyholder fails to pay the premiums as long as the premiums paid till date meet policy requirements. Under the plans, the premiums paid by the holder, after deduction of charges, will be credited to the account maintained separately for each policyholder.

If all due premiums are paid, the amount held in the policyholder's account will earn an annual interest which will be guaranteed for the entire policy term. In addition to this guaranteed return, if all due premiums are paid, the individual policyholder's account may earn an additional return depending upon the experience under the plan.

There is an option to pay additional (top-up) premiums without any increase in risk cover to the extent of total basic premiums paid under the policy. The premiums can be paid regularly at yearly, half-yearly, quarterly or monthly (through ECS mode only) intervals over the term of the policy. The sum assured ranges from 10 to 30 times the annualised premium, depending on age of entry.

There are two types of variable life insurance plans - participating and non-participating. Participating plans offer a guaranteed return, while nonparticipating plans offer an annual bonus at the end of each financial year in addition to guaranteed returns.

The minimum sum assured is Rs 50,000 or 10 times the annualised premium, whichever is higher for entry at the age below 45 years. After that age, the maximum is Rs 50,000 or seven times the annualised premium.

Top-up premium is allowed throughout the term. In case the insured decides to increase his contribution through a onetime top-up, a maximum of up to three percent charges may be deducted from the top-up. The product also provides for loans up to 60 percent of the balance at a specific rate of interest. 
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The question paper of an all-India examination for the post of assistant administrative officer of Life Insurance Corporation of India (LIC) was leaked in Delhi on Sunday ahead of the test.

The question paper of an all-India examination for the post of assistant administrative officer of Life Insurance Corporation of India (LIC) was leaked here on Sunday ahead of the test.
Delhi Police has taken into its custody a youth, who allegedly sold the papers for Rs five lakh each and is believed to be the main conspirator.
The police swung into action after the crime branch officials got hold of the copies of the question papers for both morning and afternoon sessions from some persons much ahead of the scheduled time of the examination.
The test is being conducted in two sessions in 160 centres across India. There are 16 centres for the test in New Delhi.
An LIC spokesperson said Educational Consultants India Limited (EDCIL), a public sector company, is conducting the entire examination process.
He further said that there is no report of leakage of question papers from any other part of India.
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Nagpur University (RTMNU) Science/Engineering Online Result - Bachelor of Engineering (BE) III Semester Winter 2010 Exam

Nagpur University (RTMNU) BE III Semester Winter 2010 Exam Results Declared
Rashtrasant Tukadoji Maharaj Nagpur University (RTMNU), formerly known as Nagpur University, located in Nagpur (Maharashtra), on Sunday i.e. February 27, 2011, has declared the results of Bachelor of Engineering (BE) III Semester Winter 2010 exam. To know more about the results, candidates can visit the university's official website: http://www.nagpuruniversity.org/.
Rashtrasant Tukadoji Maharaj Nagpur University (RTMNU), formerly known as Nagpur University, which is located in Nagpur (Maharashtra), is considered as one of the prominent universities in the state of the Maharashtra. It conducts several undergraduate and postgraduate level programmes.
Date of Results Declaration
February 27, 2011
Category of Exam
Science/Engineering - Bachelor of Engineering (BE) III Semester Winter 2010 Exam
Where to Go for Result

Contact address:
Nagpur University
Rashtrasant Tukadoji Maharaj
Rabindranath Tagore Marg
Nagpur - 440 001
Phone: +91-712-2525417
Fax: +91-712-2532841
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27 February 2011

Tanu Weds Manu (2011) Watch Free Movie Online in HD and Download full Movie and Movie Review, cast, writer and Download Movie Poster

Starring: R. Madhavan Kangna Ranaut Jimmy Shergill Ravi Kishan Ejaaz Khan Rajendra Gupta K. K. Raina Deepak Dobriyal Swara Bhaskar Director : Anand Rai  
Watch Online:
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Axis Bank customers holding ATM/ Debit Cards can use this facility to pay Income Tax/ Other Direct Taxes using Axis Bank ATMs.

Axis Bank, India’s third largest private bank, today announced the launch of the facility to pay Income Tax at ATMs. This facility, initially, will be available at select ATMs in the major centers and will shortly be made available at all 5,600 plus ATMs across the country. Axis Bank customers holding ATM/ Debit Cards can use this facility to pay Income Tax/ Other Direct Taxes using Axis Bank ATMs.

The Central Board of Direct Taxes (CBDT), as a part of its e-Governance Initiative to provide more convenience to the taxpayers had advised authorized Banks to roll out the facility to pay Tax using ATMs. Axis Bank is the first private sector bank to make this facility available for its large tax-paying customer base.
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Sudar Garments Initial Public Offerings (IPO) fully subscribed: Stock Price, date, allocation, allotment, subscription, status and prospectus

The initial public offer (IPO) of Sudar Garments was subscribed 1.55 times. The issue closed on Thursday, 24 February 2011. The IPO received bids for 1.41 crore shares compared with 90.88 lakh shares on offer.
Non institutional investors portion was subscribed 4.47 times, while the qualified institutional buyers and retail individual investors categories were subscribed 0.17 times and 2.27 times, respectively.

The company had offered shares in the price band of Rs. 72-77. The issue constitutes 49% of the fully diluted post-issue paid up capital of the company.
The proceeds of the issue will be used for expansion of the existing apparel manufacturing unit at Khalapur in Maharashtra, working capital requirement and setting up retail outlets and brand building. Besides, Sudar Garments plans to develop in-house capabilities for its marketing activities
Sudar makes garments for men, women and children for the export and domestic markets.
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Gulbarga University Online Results 2011 available for B.Com Semester 3, B.A Semester 5, B.Sc Semester 3, Semester 5 and BCA Semester 3

Gulbarga University UG Exam Nov 2010 Results Announced Gulbarga University, Karnataka, has announced the results of UG (undergraduate), held in November 2010. Students can check the results are made available in the University’s official website: http://www.gulbargauniversity.kar.nic.in/

Gulbarga University Results are available for B.Com, BA, B.Sc and BCA. To view the results one must enter Register No. and Select Course & Year/Semester to get results in the given link:

Gulbarga University Results 2011 are available for B.Com Semester III, B.A Semester V, B.Sc Semester III, Semester V and BCA Semester III.

For knowing more about the results one can visit the University’s official website.

Contact address:
Gulbarga University,
Jnana Ganga
Gulbarga - 585 106
Phone: +91-8472-263202
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26 February 2011

Get cheap tickets for world cup final 2011 at Wankhede Stadium, mumbai-India on April 2: Full ticket buying detials and price of South East Balcony, Upper East, North, North-East and Eat Stand for public

If you are hoping to turn lucky and buy one of the 1000 tickets that the Mumbai Cricket Association (MCA) is going to make available online via a lottery, you'd better be ready to cough up quite a sum besides counting on your stars to become privileged to watch the 2011 World Cup final at the swanky Wankhede Stadium on April 2.

The online tickets will come at a cost of Rs 18,750 each for the upper tier of the South-East balcony. The seats for the East Upper Stand or the Sunil Gavaskar pavilion will cost Rs 12,500 each.

And even if you are ready to shell out the price, you will still have to wait for your online application to be processed through a computerized draw.

For the lesser privileged, the MCA will make 2000 tickets available through window sales, to begin a week before the final.
These are priced at Rs. 1,300, Rs. 3,300 and 7,000 and include the state government's entertainment tax.The least priced tickets will be for the North stand, Divecha pavilion and East lower stands, respectively.

Over 500,000 ticket seekers had visited the when the online sales began resulting in the website's crash on Monday.
Now a new date and time will be announced for the sale via online lottery system.

The maddening rush on the Marine Drive too can be well imagined when the window sales begin. And, if you are fortunate, then be assured of an enjoyable experience , for any seat in the stadium is worth it's value given the 360 degrees view under lights.


How Many: 3000

Where And When Available?

Online via lottery: 1000

Window Sales: 2000

Price (in rupees)

18,750 (South East Balcony)zx 12,500: Upper East Stand 7,000: North Stand 3,300: North-East Stand 1,300: East Stand Lower tier
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Rajasthan University IT - BCA (Bachelor of Computer Applications) Part III (Supplementary) Exam Result 2010 online with full detail and contact address

University of Rajasthan (UOR), popularly known as Rajasthan University, Jaipur, is one of the oldest universities of the state. The University has been accredited with ‘A+’ grade by National Accreditation and Assessment Council (NAAC), Bangalore, for its academic excellence. The University is an excellent quality higher education in the state. Presently, the University has 36 post graduate departments, 15 recognized research centers, 6 constituent colleges and 500 constituent colleges, spread across 6 districts of Rajasthan.

Date of Results Declaration
February 25, 2011

Category of Exam
IT - BCA (Bachelor of Computer Applications) Part III (Supplementary) Exam

Where to Go for Result

Contact address:
University of Rajasthan
Rajasthan University,
JLN Marg
Jaipur - 302 055
Phone: +91-141-2711070, 2708824
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Pune University Master of Science (M Sc - Computer Science) October 2010 Exam Results online and contact address

Pune University, formerly known as University of Poona, is situated in Pune, Maharashtra. It is one of the renowned universities offering quality education in the region. The university imparts education in wide range of disciplines via its various affiliated colleges / institutes.

Date of Results Declaration
February 24, 2011
Category of Exam
Science - Master of Science (M Sc) Computer Science Exam
Where to Go for Result

Contact address:
Pune University,
Ganeshkhind Road
Pune - 411 007
Phone: +91-20-25601099 / 25696061 / 25690062 / 25696064 / 25696065
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Institute of Company Secretaries of India (ICSI) CS Exam December 2010 Results on website and email with institute address

The Institute of Company Secretaries of India (ICSI) was constituted under an Act of Parliament i.e. the Company Secretaries Act, 1980 (Act No. 56 of 1980). It is the only recognized professional body in India to develop and regulate the profession of Company Secretaries in India. The Institute of Company Secretaries of India awards the certificate of bestowing the designation of Company Secretary (CS) to a candidate qualifying for the membership of the Institute.

Institute of Company Secretaries of India (ICSI), New Delhi, declared the results of CS December 2010 examination today i.e. on February 25, 2011 at 12.00 noon. The results will be made available in the institute’s official website: www.icsi.edu/
Candidates will be able to check their CS December 2010 examination results in the aforementioned official website, once declared.
One can also get the results through email by visiting the following link:
For that candidate must select :
  1. Syllabus / Course (From the Given Options), 
  2. enter their Email and 
  3. Roll No in the space provided and 
  4. click in the Submit Button in the aforementioned link.

Contact address:

Institute of Company Secretaries of India
New Delhi,
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LIC ULIP Samridhi Plus offers insurance protection, safety and growth with policy term of 10 years for 8 - 65 years age group and premium range and detials

Life Insurance Corporation of India today launched 'Samridhi Plus' under its unit linked portfolio offering insurance protection, safety and growth.

Samridhi Plus safeguards policyholders' investment from market fluctuations, LIC said in a statement here.

Accident benefit option is also available under this plan that will be equal to the life cover up to a maximum of Rs 50 lakh, subject to certain conditions.

The policy term for the plan is fixed for 10 years, it said.

The minimum age at entry level for Samridhi Plus is 8 years while the maximum age is 65 years.

The minimum premium ranges from Rs 1500 (monthly - ECS) to Rs 30,000 (single premium) depending on the mode of payment while the maximum is Rs 1 lakh per annum under any mode for the 5 year premium paying term.
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25 February 2011

Fineotex Chemical Initial Public Offerings (IPO) fully subscribed: Stock Price, date, allocation, allotment, subscription, status and prospectus

Specialty chemical manufacturer Fineotex Chemical's (FCL) initial public offering has subscribed 1.44 times on the last day, as per data available on NSE.
The issue has received bids for more than 6 lakh shares as against issue size of 42,11,160 equity shares.
The price band was set at Rs 60-72 per equity share of face value of Rs 10 each.
Fineotex Chemical is in the business of manufacturing specialty chemicals and enzymes consumed by the textile and garment industry, leather, water treatment, construction, paper, paint, adhesives, agrochemical and other industries.
The present issue is being made to raise funds more than Rs 30 crore for setting up of a manufacturing facility for production of specialty chemicals, setting up of sales office in Mumbai and meeting working capital requirement, public issue expenses and general corporate purpose.
FCL�s existing plant, with an installed capacity of 5,000 MT/annum, is located at Mahape in Navi Mumbai. The company proposes to set up a new manufacturing facility, at Khopoli in Maharashtra, for the production of specialty chemicals and enzymes with a capacity of 13,125 MT/annum.

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The Bombay high court has allowed the Maharashtra Chamber of Housing Industry (MCHI) builders to deposit service tax collected from buyers of under construction structures directly in the court instead of putting the same in an escrow account.

Hearing a petition filed by the apex body of real estate developers, the Bombay high court has allowed the builders to deposit service tax collected from buyers of under construction structures directly in the court instead of putting the same in an escrow account.
The service tax thus deposited in the high court would be refunded to the members of Maharashtra Chambers of Housing Industry (MCHI) along with accrued interest thereon if the decision goes in favour of the builders who have challenged the levy of service tax imposed by the union government.
The division bench comprising justice J P Devdhar and Justice Mridula Bhatkar ordered the relief in service tax case while hearing the writ petition field by the MCHI against the Union Government of India on February 18, 2011.

The MCHI and other builders’ bodies challenged the constitutional validity of the Finance Act 2010, seeking to amend the Finance Act 1994, introducing an explanation to section 65 (105) (zzq) and 65 (105) (zzzh) to introduce the Service Tax concept of ‘Deemed Service” for any commercial or industrial construction of residential complex done prior to obtaining completion certificate.

The division bench of the Bombay High Court comprising Justice V C Daga and Justice S J Kathawala admitted the petition filed by the MCHI and others on July 23 and had granted interim stay until further hearing.

The MCHI in its Writ Petition urged the honourable High Court to restrain the respondents (Union of India and others) from any manner taking steps against the members of MCHI in respect of the transactions for constructions, development and sale of immovable property under the various provisions of the Finance Act, 1994 and a new entry as amended by the Finance Act 2010 in any manner.

President of MCHI Mr. Sunil Mantri has stated that the centre and the state have separate domains in respect of its taxing powers under the constitution.

The state has the exclusive power to levy taxes on land and buildings in terms of Entry 49 of List ii to the seventh schedule of the constitution, by amending the provision to levy service tax on transaction of sale of immovable property is seem to be unconstitutional. 

Mr. Mantri stated that the sale of an unit in the complex as per the settled law of transfer of property is not a service. Accordingly sale of the same by the builder should not be treated as a service since service tax is levied ultimately on the property. This would be a tax on transfer of immovable property only.

Mr. Mantri is of opinion that such a levy will increase the cost of the flat and ultimate buyer will have to bear the cost. The National Housing and Habitat Policy 2007 envisage affordable housing for all. The proposal to levy service tax irrespective of any kind of house (even EWS or MIG) would run counter to the policy of the government.  

MCHI president Sunil Mantri, in a statement, said the sale of a unit in a complex as per the settled law of transfer of property is not a service. Accordingly, sale of the same by the builder should not be treated as a service since service tax is levied ultimately on the property. This would be a tax on transfer of immovable property only.
Mantri opined that such a levy will increase the cost of the flat and ultimately the buyer will have to bear the cost. The National Housing and Habitat Policy 2007 envisages affordable housing for all. The proposal to levy service tax irrespective of any kind of house (even EWS or MIG) would run counter to the policy of the government.
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24 February 2011

“The Salary Question” – How much money do you want? :Best Answer for Job Interview Question

May also be phrases as, “What salary are you worth?”…or, “How much are you making now?”  This is your most important negotiation. Handle it wrong and you can blow the job offer or go to work at far less than you might have gotten.
BEST ANSWER:  For maximum salary negotiating power, remember these five guidelines:
1.    Never bring up salary.  Let the interviewer do it first.  Good salespeople sell their products thoroughly before talking price.  So should you.  Make the interviewer want you first, and your bargaining position will be much stronger.
2.    If your interviewer raises the salary question too early, before you’ve had a chance to create desire for your qualifications, postpone the question, saying something like, “Money is important to me, but is not my main concern.  Opportunity and growth are far more important.  What I’d rather do, if you don’t mind, is explore if I’m right for the position, and then talk about money. Would that be okay?”
3.    The #1 rule of any negotiation is:  the side with more information wins.  After you’ve done a thorough job of selling the interviewer and it’s time to talk salary, the secret is to get the employer talking about what he’s willing to pay before you reveal what you’re willing to accept.  So, when asked about salary, respond by asking, “I’m sure the company has already established a salary range for this position.  Could you tell me what that is?”  Or, “I want an income commensurate with my ability and qualifications.  I trust you’ll be fair with me.  What does the position pay?” Or, more simply, “What does this position pay?”
4.    Know beforehand what you’d accept.  To know what’s reasonable, research the job market and this position for any relevant salary information.  Remember that most executives look for a 20-25%$ pay boost when they switch jobs. If you’re grossly underpaid, you may want more.
5.    Never lie about what you currently make, but feel free to include the estimated cost of all your fringes, which could well tack on 25-50% more to your present “cash-only” salary.
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Reliance Industries (RIL) may have to pay 30 per cent tax on the income accruing to it from the $7.2-billion deal with British firm BP. However, BP — the world’s fourth-largest energy company — will not be liable to pay tax to the Indian government on the deal, as it does not involve the transfer of shares.

Experts and tax officials that Business Standard spoke with said the deal was different from some past deals such as Cairn-Vedanta and Vodafone-Hutch, as it involved a transaction of assets. Therefore, RIL will have to pay corporation tax on its business income. They are, however, divided on whether RIL would have to pay capital gains tax on the deal.
“RIL is selling something and BP is buying something. So, it is not a case of international taxation and BP will not have to pay any tax. RIL is not selling a controlling interest, but only a share in their blocks. RIL’s books of accounts will have to be seen to figure out if there are any capital gains to RIL on giving BP a stake in those blocks. Also, it will have to be seen whether these blocks are treated as capital assets or something else,” said a finance ministry official, who did not wish to be identified.
On Monday, BP had announced it would buy 30 per cent in 23 of RIL’s oil & gas blocks, which including KG-D6 off the east coast. The two also agreed to future performance payments of up to $1.8 billion and a 50:50 joint venture to source and market gas, which could take the total investment to $20 billion.
RIL did not respond to an e-mail query on the matter. “This is an asset deal and not a share transaction like Cairn-Vedanta. So, the income will accrue to RIL, but the actual tax liability would depend upon its corporate tax position (its losses). Besides that, there will be capital gains tax of 20 per cent with indexation. So, the effective tax liability may be just 20 per cent,” said Gokul Chaudhuri, a partner with BMR Advisors.
Any exploration cost not written off for tax purposes provides an offset in the computation. As regards the balance receipt, the asset, having been held for over three years, is expected to qualify as long term and, hence, attract concessional rate of capital gains tax.
A tax expert, on the other hand, said there would be no capital gains tax in this case because the transaction is guided by a specific provision under Section 42 (2) of the Income-Tax Act. “This is a farm-in transaction for BP and farm-out for RIL. Whatever consideration is received, the total exploration expenditure is reduced from that for tax purposes. The remaining exploration cost is not allowed. It has already claimed some expenditure,” said the tax expert.
In the past, the income-tax department has raised a tax demand in several cross-border transactions. It has been involved in a legal battle with Vodafone for its acquisition of Hong Kong’s Hutchison Telecommunications stake in Hutch Essar for over $11 billion in 2007. It is also examining various cross-border mergers & acquisitions, including deals by Vodafone, Genpact, Barclays, Intelnet, Sanofi and AT&T, to understand their tax implications.
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Power Finance Corporation (PFC) declared the launch of its income tax saving infrastructure bond today with the offering set to raise Rs 5300 crore, the biggest among all recent bond issuances

India Business Hour
Power Finance Corporation (PFC) declared the launch of its income tax saving infrastructure bond today with the offering set to raise Rs 5300 crore, the biggest among all recent bond issuances.
The bond will be issued in one or two tranches and will have a face value of Rs 5000.
Satnam Singh, CMD, Power Finance Corporation, said, “The rate of interest for 10 year tenure, annual and cumulative, is 8.3% and for 15 year tenure, annual plus cumulative is 8.5% with a lock in period of 5 years. That means investors have the choice to buy back, they can offer it back to us after 5 years."
src: MC
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ICC World Cup 2011 highlights: Pakistan vs Kenya Important Points to notice with full score board, ball to ball commentry

Kenya lost their first match that they played against New Zealand. This is  first game for Pakistan in the ICC Cricket World Cup 2011.

.Important Points and records:
* The 118-run partnership for the fifth wicket between Misbah-ul-Haq and Umar Akmal is a world cup record for Pakistan.

* Thomas Odoyo (3/41) has produced his best bowling performance in the World Cup against a Test-playing country and the second best in the world cup - the best being four for 28 against Canada at Cape Town on February 15, 2003.

* Odoyo has captured 23 wickets at an average of 32.56 in 22 matches  - the highest for Kenya in the world cup.

* Shahid Afridi has claimed five wickets in consecutive games against Kenya.  In his previous game, he had captured five for 11 at Birmingham on September 14, 2004.

* Afridi has claimed 12 wickets at 7.66 runs apiece in five matches against Kenya.

* Shahid Afridi (5/16) has registered his best bowling performance in the world cup, surpassing the 3 for 20 against Zimbabwe at Kingston on March 21, 2007.

* Afridi's aforesaid figures are his best as skipper in ODIs.  Overall, he has bagged five wickets or more in an innings four times.

* Afridi (5/16) has recorded the best bowling figures by a captain in the world cup, bettering Kapil Dev's five for 43 against Australia at Nottingham on June 13, 1983.  No other captain has produced a five-wicket haul in the world cup.

* Afridi's above figures are the best by a Pakistani bowler in the world cup, surpassing Wasim Akram's five for 28 against Namibia at Kimberley on February 16, 2003.

* Umar Akmal has got his third Man of the Match award in ODIs.

* Kenya's 205-run loss is their second biggest by runs margin in ODIs - their biggest is by 208 runs to South Africa at Cape Town on October 22, 2001.

* Kenya (112) have recorded their third lowest total in the world cup - the two lowest being the 69 against New Zealand at Chennai on February 20, 2011 and 104 against West Indies at Kimberley on March 4, 2003.
* 37 wides were conceded by Kenya - a world cup record, bettering the 33 conceded by Scotland against Pakistan at Chester-le-Street on May 20, 1999.

* Kenya have equalled a world record by conceding most wides in ODIs.  West Indies had conceded 37 wides (59 extras overall) against Pakistan at Brisbane on January 7, 1989.

* Kenya have conceded 46 extras in Pakistan's innings - the most by them in the world cup, eclipsing the 32 conceded by them in England's innings of 204 for one at Canterbury on May 18, 1999.

* Misbah-ul-Haq (65 off 69 balls) has recorded his 12th fifty - his first on world cup debut.

* Younis Khan (50 off 67 balls) has recorded his first fifty in the World Cup, bettering the 32 against India at Centurion on March 1, 2003.

* Younis' 40th half-century in ODIs is his second against Kenya.  His best ever innings against Kenya is 87 not out at Nairobi (Gymkhana) on September 1, 2002.
* Pakistan's 205-run win is their largest by runs margin in the World Cup, bettering the 192-run win over Sri Lanka at Nottingham on June 14, 1975.

* Pakistan's aforesaid win is the larget by any team in the world cup against Kenya, surpassing New Zealand's 148-run win at Gros Islet on March 20, 2007.

* Pakistan's triumph over Kenya is their third biggest by runs margin in ODIs - the two biggest being the 233-run victory over Bangladesh at Dhaka on June 2, 2000 and the 217-run win against Sri Lanka at Sharjah on April 17, 2002.

* Pakistan (317/7) have posted a total of 300 or more for the fourth time in the World Cup - the highest three being the 349 against Zimbabwe at Kingston on March 21, 2007, 338 for five against Sri Lanka at Swansea on June 9, 1983 and 330 for six against Sri Lanka at Nottingham on June 14, 1975.

* Pakistan's aforesaid total is the fifth instance when a team has recorded 300 or more against Kenya in the world cup - one each by Australia, India, Sri Lanka, New Zealand and Pakistan.

* Kamran Akmal (55 off 67 balls) is the third Pakistani wicketkeeper to register a fifty in the world cup, joining Moin Khan (63 off 56 balls against South Africa at Nottingham on June 5, 1999) and Salim Yousuf (56 off 49 balls against West Indies at Lahore on October 16, 1987.

* Kamran has posted his ninth fifty in ODIs - his first in the World Cup.

* Four players have posted 50-plus in Pakistan's innings - the second instance for Pakistan and the ninth in the world cup.   In Pakistan's total of 338 for five against Sri Lanka at Swansea on June 9, 1983, four batsmen had posted fifty-plus - Moin Khan (82), Zaheer Abbas (82), Javed Miandad (72) and Imran Khan (56 not out).
* Umar Akmal (71 off 52 balls) has top scored for Pakistan.  He is the seventh batsman to register a fifty on world cup debut for Pakistan, joining Mohsin Khan, Ramiz Raja, Majid Khan, Shoaib Malik, Asif Iqbal and Misbah-ul-Haq.
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Claim more tax deductions under Section 80E for education loan, Sections 80DD, 80DDB and 80U for health, Section 80G, 80GGA, 80GGC for charity, Section 80GG for rental paid with maximum limit under the Income Tax (I-T) Act that can provide significant tax benefits.

“There are a number of not-so-commonly used I-T sections under which you could reduce your tax burden. These, however, come into force subject to specific situations and conditions.” A list of such not-so-familiar sections under the I-T Act: 

Section 80E for education loan
Limit: Rebate on entire interest payment
This section allows deductions on the entire interest amount on a loan taken to fund higher education courses within the country for oneself, spouse and children. Individuals can also claim a rebate if they are legal guardians for students who aren’t related to them. The deductions would continue for seven succeeding years or until the interest amount has been repaid. For basic tuition, Section 80C comes into play.

Sections 80DD, 80DDB and 80U for health
Limit: Rs 15,000 to Rs 1 lakh
Under Section 80DD, one can claim expenses up to Rs 50,000 incurred on medical treatment and maintenance, that is, hiring a nurse and rehabilitating a disabled dependant. For a severely disabled person, the amount is Rs 1 lakh. However, there are guidelines. The dependant has to fit the I-T Act’s definition of a disabled or a severely disabled person. Certain medical conditions like autism, cerebral palsy, multiple disability and others have also been specified.
One can claim a similar rebate under Section 80U too, but the relief in this case is limited to medical expenses for oneself.
Expenses can also be claimed under Section 80DDB for conditions like cancer, AIDS and so on. The amount is capped at the actual amount spent or Rs 40,000, whichever is less. In case of a senior citizen, the amount increases to Rs 60,000.
If the amount has already been claimed from a medical insurer (under Section 80D) or has been reimbursed by the employer, no benefits will accrue.

Section 80G, 80GGA, 80GGC for charity
Limit: 50 per cent to 100 per cent
Most government-backed trusts allow 100 per cent deductions on donations. For charities that advertise a 50 per cent tax rebate, the number could be lower because the deduction is linked to the income of the taxpayer. This means the 50 per cent deduction is applicable only on the ‘qualifying’ amount. For instance, if a person with an income of Rs 5 lakh donates Rs 50,000 to a charity, the entire donated amount is not considered while computing his total taxable income.
His tax-saving investments (section 80C, 80D and so on) are deducted first from the total income. Suppose, all these sections add up to Rs 1 lakh, then his taxable income will be Rs 4 lakh.
According to the I-T Act, the qualifying amount has to be either less than 10 per cent of his taxable income or the amount given to charity. In this case, it means that only Rs 40,000 will qualify for tax rebate and not the Rs 50,000 he has donated. And the 50 per cent exemption translates to Rs 20,000.
Hundred per cent exemptions are given to institutions or trusts that promote scientific thinking or rural development under Section 80GGA. Donations towards political parties come under Section 80GGC.

Section 80GG for rental paid
Limit: Rs 24,000
This is for salaried individuals paying a rent but not claiming house rent allowance (HRA). If one’s rent exceeds 10 per cent of the total income, then he can claim a rebate on the excess amount spent on payment towards rent. The maximum that can be claimed under this section is Rs 24,000 a year.

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23 February 2011

Budget 2011: Tax benefits under the Software Technology Parks of India (STPI) and export-oriented unit schemes EOU are not likely to be extended beyond March this year

Tax benefits under the Software Technology Parks of India (STPI) and export-oriented unit schemes are not likely to be extended beyond March this year, the Commerce Ministry indicated today.

"... there is a sunset clause, the Finance Minister announced in his last Budget that this would be the final year (of STPI and EOU scheme). However, we are using all our good offices to try and pursued the case on your (industry) behalf. Lets hope for the best," Minister of State for Commerce and Industry Minister Jyotiraditya Scindia said here.

The $76 billion software industry has requested the government to extend the Software Technology Parks of India (STPI) scheme till the Direct Tax Code (DTC), which is under consideration, is implemented.

Similarly, exporters are also demanding from the government to extend the export oriented unit (EOU) scheme.

Under STPI and EOU schemes, companies enjoy tax exemptions on profits under Section 10A and Section 10B of the Income Tax Act. These benefits, which were set to lapse in 2009, were extended by one year till March 2011 in the Budget last year.

Scindia was speaking at AIMA award function. Earlier in the day, speaking on the occasion, Commerce and Industry Minister Anand Sharma said that, "clean and green technology is the need of the hour and India is ready to play a defining role".

Sharma also said that the government is working to build India as a manufacturing capital of the world so that more and more jobs can be created to use the global opportunities.
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Union Budget Preview 2011-12 : Important Areas, Points of action, Exceptations in every sector

Union Budget Preview 2011-12: Fairwealth Securities
Fairwealth Securities has come out with a report on Union Budget Preview 2011-12.
Union Budget Preview 2011-12:
Actions taken in FY11:
  • Disinvestments worth ~ Rs 227 billion
  • Allocation of 3G spectrum and Broadband Wireless Access that fetched over Rs 1000 billion
  • Increased Spending on Infrastructure and Social sector
Grey Areas that remain a major cause of Concern:
  • High WPI Inflation, especially food inflation
  • Current Account Deficit at elevated levels
  • Fiscal Deficit that may further widen in FY12 in the absence of appropriate measures
  • Rising prices of Crude oil that may stoke fuel inflation further and fiscal deficit in case crude oil prices go beyond USD 100 per barrel and Government continues to bear the fuel subsidy
Actions Expected in Union Budget 2011-12:
  • Tax reforms such as implementation of GST and DTC
  • De regulation of Diesel Prices to contain under recoveries
  • Subsidies to Oil and Gas, Fertilizer, Food etc
  • Relaxation of FDI norms in sectors like BFSI, Media, Retail etc
  • Restoration of Service tax to 12%
  • Introduction of Infrastructure fund
Key Expectations…..
Income Tax Exemption Limit could be hiked:  Keeping in view the high inflation at 8%-9% which is eroding the incomes, the Finance Minister could hike the Income Tax exemption limit from the existing Rs 1.6 lakh. An increase in the limit would be a step towards aligning the tax structure with DTC which proposes the income tax exemption limit at Rs 2 lakh, 10% tax for annual incomes in the range 2-5 lakh, 20% for 5-10 lakh and 30% for incomes over 10 lakh.
Some Clarity on the implementation of GST and DTC: Dissension between the Centre and the State have already postponed the implementation of GST which was scheduled for April 1, 2010. Now the Government is looking to roll out GST from April 1, 2012. If the issues are not resolved, the implementation could be further postponed to a date beyond April1, 2012. We expect a greater clarity on GST implementation after the government introduces Constitution Amendment Bill in forthcoming Budget Session.
Restoration of excise duty on selected sectors:  Excise duty that was hiked by 2% in the previous budget could see another hike in the sectors that are performing well. The excise duty on two wheelers and small cars could be raised to 12% from the current 10%.
A Wider Base and a Roll back expected in Service Tax: A greater number of services are expected to come in the ambit of service tax. In addition to this, the service tax rate that was left untouched in the previous budget could be hiked to 12% owing to a strong performance by the services sector.
Customs Duty on petroleum products may be reduced/waived off: With crude hovering around US$ 100 per barrel and oil companies bearing the burden of huge under recoveries, we expect the Finance Minister to reduce/waive off the customs duty on various petroleum products. At present the customs duties on Crude Oil, diesel and other refined products are 5%, 7.5% and 10% respectively.

Infrastructure likely to remain as a focus area: Infrastructure is likely to be a beneficiary in the forthcoming budget with main thrust on the power sector. We expect that allocations in schemes such as Accelerated Power Development and Reform Programme (APDRP) and Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) could be hiked from Rs 3700cr and Rs.5500cr respectively in Budget FY12. In addition to this the sunsetdate for power units to avail tax holidays may be extended by a year to 1st April 2012. The Finance minister might also introduce infrastructure debt funds in the forthcoming Budget.
Social Sector spending likely to remain flat: Though the ministry of Rural development has sought an allocation of Rs.64000cr (60% higher than that in previous year) for the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), the act is unlikely to see a higher allocation in Budget FY12 than that in Budget FY11. In the Union Budget 2010-11, the finance Ministry had allocated Rs 40,100 Cr. for the NREGA. The allocation for the scheme in Union Budget 2011-12 is likely to be in the range Rs42000-45000 cr. The allocations in other social schemes are also likely to remain flat since we expect that food subsidy will be considerably higher this year.
The quantum of fertilizer subsidy likely to be increased: The allocation for fertilizer subsidy will be increased considering the under recoveries faced by the fertilizer companies and the rising prices of inputs globally so that the domestic prices of urea, di ammonium phosphate and Muriate of Potash do not increase.
Extension of 2% Interest rate Subvention: Presently farmers can avail a 3% interest subsidy on loans easing the effective cost of their crop loans to 7%. Besides this, there is an additional 2% interest rate subsidy for farmers who repay their loans on time. In the Union Budget 2011-12, the Finance Minister Pranab Mukherjee can extend the 2% interest rate subvention to the farmers in districts that have been declared flood or drought struck.
Sector Wish list…
INFRASTRUCTURE: The requirement for sustainable infrastructure development is paramount both to provide the backbone for economic activities as well to ensure that resources are conserved and used efficiently. The Union Budget 2011-12 would have to explore many options to see that growth of the economy remains robust next year and beyond. Emerging challenges such as rising input costs and interest rates amid still subdued global demand will have to be dealt with. In this context, expectations of NBFC’s and bank’s being allowed to raise Infra bonds could provide support to this capital intensive sector. More focus on PPP can be found place in Union Budget 2011-12 to make the sector more vibrant and for the timely competition of projects.
CAPITAL GOODS: Capital goods sector is expecting high worth orders from steel segment leading to an increase in its backlog since the steel sector is planning to increase capital expenditure on plants. Huge mismatch in demand and supply of power sector would claim for setting up more power plans, a positive trigger for capital goods.
STEEL: With increased focus of Government of India to build sound infrastructure, the domestic steel industry is expected to grow at a CAGR of 10% in next five years against the average annual growth of 8% achieved between 1991-2010. Going forward we expect steel prices to remain firm on account of strong demand lead by recovering global economies. However we believe higher raw material prices is a cause of concern for the Industry. With the resumption of supplies from Australia, prices of coking coal would also normalize from their highs. We believe this scenario would be positive for steel companies.
AUTO & AUTO ANCILLARY: We don’t expect any major move for the automobile industry in the budget except some incentives regarding green cars technology, as it will help to take the automobile industry to a new level in the form of hybrid and electric cars which will be free from pollution and reduce the country’s dependence on fossil fuels. Hence, we expect additional incentives for technology development of hybrid cars. In addition reduction in custom duty on energy efficient completely built units could also be considered. Auto Component Manufacturers are facing challenges in production as the raw material prices have soared dramatically in the previous year. Hikes in prices of steel, aluminium and rubber have dented the margins of the auto manufacturers.
TELECOM: The Sector is under scrutiny by the Government on 2G issues. This can result in the additional expenses by the service provider if additional amount asked to settle the accounts. The industry expects the mergers and acquisition in near future as the industry will face consolidation. New Telecom Policy is on the cards. It is expected to bring more transparency in the sector related to revenue structure of the companies, mergers & acquisition and spectrum prices.
INFORMATION TECHNOLOGY: Demand for IT Services exports is expected to continue to be robust with the recovery in developed countries like US & Europe. According to NASSCOM exports are expected to dominate the Indian IT industry, which account for 80% of total software industry. Any clarifications regarding GST will provide a sigh of relief to the industry and will avoid double taxation which it has seen in the past few years.
PHARMA: Growth in the Indian pharmaceutical industry at 11-12% remains robust surpassing the global average of 5%-6%. Exports still hold significant charm as Indian Pharma has a market share of 10% in the USA and a 5% share in the emerging markets. Large first to file (FTF) opportunities and strong ANDA pipeline signifies that the opportunities from US market remains attractive. The government has recently announced the setting up of a venture fund that will target the infusion of Rs 20bn into the sector. The recent acknowledgment by Finance Minister for R&D investment as one of the two major concerns along with infrastructure raises hope for the sector to receive necessary attention in the Union Budget to be announced.
FERTILIZER: Fertilizer remains a key sector in Budget 2011-12. Urea will be the key focus in the industry, which represents around 50% of all fertilizer products consumed in the country with an annual consumption of 27mt of a total fertilizer consumption of 55mt. Urea production is based on different forms of feedstock such as gas, naphtha, fuel oil and coal. The finance ministry wants to immediately decontrol urea prices, but Department of Fertilizers wants subsidies to be continued until 2013-14. Chemicals and fertilizers minister has asked the government to further extend the NPS-III regime for urea prices. Thus, the Committee of Secretaries is currently working out a viable model to determine how the subsidy component would be fixed. They can also raise the urea prices by 2-5% in 2011-12. De-canalisation of urea imports can also happen as at present only authorized agencies can import urea. The sector also wishes removal of import and export restrictions.
HOTEL: With the sharp spurt in businesses and leisure travelers to India, the country is currently experiencing a shortage of almost 100,000 hotel rooms to meet the accommodation needs of the foreign and domestic tourists. The hotel industry is a highly capital intensive industry. Construction of a new hotel project in 5 Star category demands massive capital investment ranging from Rs 500 to Rs 700cr. The hotel industry is highly capital intensive and require huge expenditure for construction of new hotels. We expect the government to come up with favorable clause for the industry resulting in availability of adequate accommodation.
AVIATION: Presently the Aviation Turbine Fuel (ATF) is chargeable to Excise duty at the rate of 8%, and VAT is levied by the States at varying rates generally in the range of 20-30 percent, thereby resulting in a very high effective tax rate in the range of 30-40 percent for ATF. This coupled with uncertain crude prices results in a major financial burden for the airlines. With this backdrop, the industry has been long demanding 'declared goods' status for ATF, which would help reduce the applicable VAT to 4% or lower. Incentives in the form of a 10 year tax holiday are available to infrastructure facilities (including airports) with a view to attract investors in this space. These benefits are available for developing, operating and maintaining any new infrastructure facility. Common inference of this is believed to be that the term 'new infrastructure facility’ would refer to a green field project however it remains ambiguous whether the tax holiday would be available in respect of modernization, up gradation, redevelopment of the existing airports.

BANKS: India is considering allowing new private sector banks, including industrial houses, while the formal and final guidelines would be announced by RBI on the eligibility allowed to set up new banks and related to the terms and conditions for them, a roadmap on the subject could be announced in the Union Budget set to be announced on February 28. The Government has already approved additional capital infusion of Rs 6,000 crore in 10 public sector banks with an objective to raise its holding to a minimum 58% in all state-run banks. With government holding at just 51%, banks cannot access the capital market for raising additional capital by dilution of government holding. Banks with Government’s stake less than 58% include, Bank of Baroda, Oriental Bank of Commerce, Andhra Bank, Dena Bank, IDBI Bank and Vijaya Bank. The exact amount and mode of infusion in each bank would be decided later.

OIL AND GAS: India imports almost 80% of its crude oil requirement. Petrol and Diesel have weights of 1.09% and 4.67% respectively in the wholesale price index (WPI) inflation and any hike in fuel prices has a direct impact on consumers. The petrol price has witnessed a sharp increase of 16% after deregulation in June, 2010. We expect that a proper and defined strategy should be provided regarding subsidy sharing process by the finance minister in the union budget to be announced. We do not expect deregulation of diesel prices on the back of high inflation at 8%-8.5%. Agriculture sector is expected to be provided with subsidy on diesel in the upcoming budget so as to mitigate the impact of any price rise in diesel post deregulation.
REAL ESTATE: Indian real estate sector plays an important role in the economy as more than 6% of GDP is contributed by this sector, comprised of two main categories – residential (75% of real estate space) and commercial (25%). Real estate sector is one of the highest FDI attracting sectors in India with recorded FDI inflows worth more than USD 3 billion every year between 2000 and 2010. Current financial year for this industry has been quite depressing mainly because of recent housing loan scam, rising lending rates to curb the inflation and increasing input cost due to higher commodity prices which had an adverse impact on the profitability and credibility of companies.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management.Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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Budget 2011: The government may raise the income tax exemption limit from the current Rs 1.6 lakh in the upcoming Budget to provide some relief to the taxpayer from inflation

"Income tax relief can be provided to lower income brackets to compensate for inflation. This could take the form of raising the tax exemption limit from the current Rs 1.6 lakh," it said in a report.

Presently, income up to Rs 1,60,000 is exempted from tax for individuals. For women and senior citizens, the limit is Rs 1,90,000 and Rs 2,40,000, respectively.

Inflation continues to be a concern for the common man as well as the government.

While the food inflation had touched 18.32 per cent in December, 2010, before being moderated to over 11 per cent this month, the overall inflation still stood above eight per cent as against the comfort level of 5-6 per cent.

Goldman also expects the fiscal deficit for the current fiscal to reduce to 4.9 per cent of the GDP against 5.5 per cent estimated in Budget 2010-11.

The reduction is largely due to the windfall on 3G telecom auctions and disinvestment proceeds.

"For 2011-12, even with revenue measures and slower growth in expenditures, we expect the central deficit to be slightly higher at 5 per cent of GDP, largely as the one-off revenues would be considerably reduced", it said.

The government mobilised over Rs 100,000 crore from the 3G and Broadband Wireless Access (BWA) auctions in the current fiscal.

Besides, the government raised over Rs 15,000 crore by listing Coal India on the bourses, apart from Rs 6,000 crore from Powergrid Corporation, MOIL , Engineers India , Shipping Corporation and Satluj Jal Vidyut Nigam Ltd, taking the disinvestment proceeds to over Rs 21,000 crore. 

 src: ET
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HCA Holdings Inc. , a hospital chain based in Nashville, Tennessee, plans to sell stock valued at as much as $4.28 billion in what would be the largest U.S. private-equity-backed Initial Public Offerings (IPO) Stock Price, date, allocation, allotment, subscription, status and prospectus

HCA Holdings Inc., a hospital chain, plans to sell stock valued at as much as $4.28 billion in what would be the largest U.S. private-equity-backed initial public offering on record.
HCA, based in Nashville, Tennessee, will offer as many as 142.6 million shares at $27 to $30 each, according to a filing today. The company aims to sell 87.7 million shares and its owners are offering 36.3 million. Underwriters have the option to purchase an additional 18.6 million shares.
HCA was taken private five years ago in a $33 billion leveraged buyout. Now the owners, including KKR & Co., Bain Capital LLC and Bank of America Corp., are attempting to exploit a “relatively favorable market environment” for U.S. private equity offerings after the $2.9 billion stock sale this month by Kinder Morgan Inc., an energy pipeline company, said Josef Schuster, founder of IPOX Schuster LLC in Chicago. HCA may be ‘pushing the envelope,” Schuster said.
“They’re seeking to take advantage of a perceived window of opportunity, but they are going to have some trouble pricing towards the high end,” Schuster said in a telephone interview. “I would be surprised if everyone jumps in on this deal.”
The IPO of Houston-based Kinder Morgan, selling 95.5 million shares at $30 each, raised 23 percent more money than the company originally sought. Kinder Morgan represents the biggest completed private-equity-backed IPO. Nielsen Holdings NV, a New York-based provider of information and analytics, raised $1.6 billion in January.
HCA plans to list on the New York Stock Exchange and trade under the symbol “HCA.” HCA Holdings is the parent company, as of last November, of HCA Inc.

HCA Said to Plan $2 Billion Dividend for Owners
The HCA headquarters. Photographer: Harrison McClary/ Bloomberg

No Dividend

The private-equity owners are selling 24 percent of the company, a bigger portion than at Kinder Morgan or Nielsen, Schuster said. HCA isn’t offering a dividend and is basing its value on the company’s earnings strength and not revenue growth, he said.
“So it’s neither a growth nor a value stock,” Schuster said.
The hospital operator is trying to go public less than four months after taking on new debt to pay its owners a $2 billion dividend. In 2010, the owners paid themselves a total of about $4.3 billion in dividends.
The private equity investors put up about $5.3 billion to buy the company, according to a regulatory filing, funding the rest with loans from banks, including Charlotte, North Carolina- based Bank of America; and JPMorgan Chase & Co. and Citigroup Inc., both in New York. Those three banks will be the lead underwriters on the planned offering.
“This will be a good test of the market to see if it can take an offering this large,” said Les Funtleyder, an analyst at Miller Tabak & Co. in New York. “If HCA is successful, you’ll probably see a lot more offerings after that.”

May Filing

HCA had $30.7 billion in revenue last year and net income of $1.57 billion, according to the filing.
The company first filed for a public offering in May, and reapplied in December after selling $1.53 billion of 10.5-year notes to help pay for the dividend. In the May filing, the company said it planned to raise $4.6 billion and use $2.5 billion in net proceeds to the HCA treasury to repay debt.
HCA operated 164 hospitals and 106 freestanding surgery centers as of Dec. 31, according to a filing.
The original HCA was founded as Hospital Corp. of America in 1968, when a Nashville physician named Thomas Frist Sr.; his son, Thomas Frist Jr.; and Jack Massey built a hospital and formed one of the first hospital companies in the U.S. Thomas Frist Sr. is also the father of Bill Frist, a physician and a Tennessee Republican who is a former U.S. Senate majority leader.

src:  bloomberg
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Where do you see yourself five (5) years from now? :Best Answer for Job Interview Question

One reason interviewers ask this question is to see if you’re settling for this position, using it merely as a stopover until something better comes along.  Or they could be trying to gauge your level of ambition.
If you’re too specific, i.e., naming the promotions you someday hope to win, you’ll sound presumptuous.  If you’re too vague, you’ll seem rudderless.

BEST ANSWER:   Reassure your interviewer that you’re looking to make a long-term commitment…that this position entails exactly what you’re looking to do and what you do extremely well.  As for your future, you believe that if you perform each job at hand with excellence, future opportunities will take care of themselves.

Example:  “I am definitely interested in making a long-term commitment to my next position.  Judging by what you’ve told me about this position, it’s exactly what I’m looking for and what I am very well qualified to do.  In terms of my future career path, I’m confident that if I do my work with excellence, opportunities will inevitable open up for me.  It’s always been that way in my career, and I’m confident I’ll have similar opportunities here.”
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22 February 2011

Why should I hire you? :Best Answer for Job Interview Question

This is a killer question because so many candidates are unprepared for it.  If you stammer or adlib you’ve blown it.
BEST ANSWER:  By now you can see how critical it is to apply the overall strategy of uncovering the employer’s needs before you answer questions.  If you know the employer’s greatest needs and desires, this question will give you a big leg up over other candidates because you will give him better reasons for hiring you than anyone else is likely to…reasons tied directly to his needs.
Whether your interviewer asks you this question explicitly or not, this is the most important question of your interview because he must answer this question favorably in is own mind before you will be hired.  So help him out!  Walk through each of the position’s requirements as you understand them, and follow each with a reason why you meet that requirement so well.
Example:  “As I understand your needs, you are first and foremost looking for someone who can manage the sales and marketing of your book publishing division.  As you’ve said you need someone with a strong background in trade book sales.  This is where I’ve spent almost all of my career, so I’ve chalked up 18 years of experience exactly in this area.  I believe that I know the right contacts, methods, principles, and successful management techniques as well as any person can in our industry.”
“You also need someone who can expand your book distribution channels. In my prior post, my innovative promotional ideas doubled, then tripled, the number of outlets selling our books.  I’m confident I can do the same for you.”
“You need someone to give a new shot in the arm to your mail order sales, someone who knows how to sell in space and direct mail media.  Here, too, I believe I have exactly the experience you need.  In the last five years, I’ve increased our mail order book sales from $600,000 to $2,800,000, and now we’re the country’s second leading marketer of scientific and medical books by mail.”  Etc., etc., etc.,
Every one of these selling “couplets” (his need matched by your qualifications) is a touchdown that runs up your score.  IT is your best opportunity to outsell your competition.
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when is presidents day 2011 ,usps holidays, usps holidays 2011, are banks open on presidents day 2011, post office savings, are banks open on presidents day

Washington's Birthday is a United States federal holiday celebrated on the third Monday of February in honor of George Washington, the first President of the United States. It is also commonly known as Presidents Day (sometimes spelled Presidents' Day or President's Day). As Washington's Birthday or Presidents Day, it is also the official name of a concurrent state holiday celebrated on the same day in a number of states.

Washington's Birthday
Observed by United States
Type Federal (and most U.S. states)
Date Third Monday in February
2011 date February 21
2012 date February 20
Observances Community, historical celebrations; honoring the veterans and purple heart recipients; Congressional recognition.
Related to Lincoln's Birthday

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