Black money in India

Black money in India: HSBC list has 628 names, top amount $18 mn

Appu Esthose Suresh | New Delhi | Updated: Oct 26 2014, 13:47 IST

Only about a fifth of the individuals or entities named in the so-called HSBC black money list on India of alleged foreign account holders have acknowledged their ownership of the accounts. These individuals or entities — 136 in number — have either paid, or are in the process of paying, penalties for concealing incomes.

The HSBC black money list contains names and holdings of individuals or entities with accounts in the Geneva branch of HSBC's Swiss subsidiary HSBC Private Bank. The information was stolen from the bank by a former employee on a particular day in 2006. The list was given to India by France in June 2011.

According to documents accessed by The Indian Express, the HSBC list contains names of 628 Indian individuals or entities. The Income Tax Department has so far found matches between names and addresses in 418 cases. In 282 of these cases, however, either the account number or the balance in the account is not available.

In general, the list contains four sets of information: name, address, account number and balance.

Of the 136 individuals or entities who have acknowledged the accounts, many have pleaded that they were not aware of their existence, but would pay the tax and penalty due, senior I-T officers involved in the investigation said. Many of these 136 accounts show zero balance.

The addresses against 12 of the 418 names in the list belong to Kolkata. However, only six have confirmed that the account belongs to them.

The highest amount in the list is $ 18 million, allegedly belonging to two top industrialists.

The most common surnames on the list are Mehta and Patel.

French authorities had secured the list from software technologist Hervé Falciani, who has been collaborating with several European countries tracking suspected tax evaders with accounts in Swiss banks. The list contains alleged account data on the date Falciani procured them.

The Indian Express was the first to report in August 2011 that the French had handed over to India the list of HSBC account holders of Indian origin. The government is in the process of sending a list of 50 names from the 136 to Swiss authorities to confirm the authenticity of the information.

http://www.financialexpress.com/news/black-money-in-india-hsbc-list-has-628-names-top-amount-18-mn/1301633

HISTORY REPEATS..JUST DO WAIT...!!!

I MISSED MY NIGHT SLEEP (IN 1991-95, I USED TO STUDY THE HARD COPIES OF CAPITAL MARKETS AND DALAL STREET…UPTO 3 AM,ONE DAY UPTO 5 AM…., NOW  SIMILAR SLEEPLESS STUDY…, I NEVER STUDIED MY CLASS BOOKS LIKE THIS…) DUE TO A SERIOUS SEACH FOR TINY STOCKS THAT CAN FETCH 500-1000% RISE IN FUTURE. THE SEARCH AND RESEARCH IS ON………… THE STORY OF MULTIBAGGERS IS A EVER RISING NOVEL STORY IN STOCK MARKETS…ONLY THING WE NEED TO DO IS JUST TRUST WHAT YOU THOUGHT IS RIGHT AND BELIEVE IN WHAT YOU IDENTIFIED/STUDIED……..…….

A SATISFACTION BUILT DISAPPOINTMENT OF MISSING INDOCOUNT INDUSTRIES WHICH I IDENTIFIED AT 7-9 NOW AT 144 A 18 MONTH HOLDING PERIOD, A 1500-2000% RETURN IS A PHENOMENAL CASE TO “BLOW ONE’S OWN TRUMPET”.

AT A SIMILAR TIME FRAME IDENTIFIED MORARJEE TEXTILE AT SAME 7-8 RUPEES NOW AT 44. I IDENTIFIED PHARMA AT 3 NOW AT 35 A 10 TIMES RISE..NOT ENJOYED…

SIMILARLY FINDING AND  I ENJOYED 700% RISE IN KM SUGAR BOUGHT AT 1 AND 1.35, NO OTHE SUGAR STOCK GAVE SUCH PHENOMENAL RETURN. I DOUBLED MONEY IN RANA SUGARS.

I BOUGHT BIRLA ERICSSON AT 10-12, NOW AT 65 LEVELS, SUGGESTED ALL TELECOM OPTIC FIBRE CABLE COMPANIES, WHICH GAVE 300 TO 500% RISE, WITH SOME CLOSE FRIENDS, I EVEN FOUGHT FOR THEIR INVESTMENTS IN THESE STOCKS.

AS A MATTER OF FACT, THIS RALLY HAVE GIVEN LIFE TO MANY TINY STOCKS, DORMANT FOR YEARS. AT THE SAME TIME THERE ARE MANY STOCKS THAT ARE AT THE SAME PRICE OR EVEN LOWER THAN TWO YEARS AGO.

SO, JUST TURN AROUND STORY, LIKE ARVIND AT 44 FOUR YEARS AGO NOW AT 240, PARTICIPATED BUT NO GREAT WAITING….

……….

THE LESSON IS SO SIMPLE THAT FIND OUT…KEEP ON INVESTING……SIT TIGHT WITH OUT DISTURBING THE HOLDING AT LEAST FOR 5-10 TIMES RISE.

………

FOR DAY TRADING..ALWAYS LIVE IN THE CURRENT TREND.... 

MAKE YOUR MARK FELT...STOCK MARKETS PERFORMANCE

PHENOMENAL RISE&HIGHs but A Denial for NOW….

The Indian markets have performed stupendously, like a race against all ODDs and against all emerging markets. We are the best performing Indices YTD or for the quarter. The Rise is so phenomenal that no-body expected but few could CASH the opportunity. Now many new entrants are making inquiries and many more are looking as a decent opportunity to make HUGE money to meet their DREAMS.

The fact is that, since January-14, Nifty rose by 20%, Mid-Caps by 30% and Small caps by 55%, some Individual stocks rose by 400-700% from their LOWs. The hype generated now is due to change in the Government, a market friendly team at the top. But the fact is that No-body could SELL the National property via LIBERALIZATION for no reason, nor for a simple cause. The National growth based on immediate requirements and will be judged by prioritising/striking a right balance between “NECESSITY & COMMERCIALIZATION”. The Future is GOOD as huge investments will take place and the results will come in due course of time.

As far as the Stock Markets rise is concerned, a dead cheap stocks are at a historic low was one of the major reasons for FIIs relentless investments. The Global markets are also encouraging and FREE Supply/HIGH Liquidity is driving the markets for NOW. Very few are working on the REAL worth for the paper but relying on the PROJECTIONS. The Nifty is POISED for touching 9000+ as experts are working on the next 3-year EARNINGS and P/E that could safely take us above the above said number. I am not pessimistic but play a realistic role for valuing the Available Opportunity. The main reason for Nifty may seek SOUTHWARD JOURNEY because of looming DROUGHT, Poor Investments made by the CORPORATES in the Preceding/Previous 2-3 years, so NO earnings Surprise by the top companies.

So, the scenario is GLOOM in the Short-term, however the POLICY push can give some bounce but for the next ONE year will be very challenging. The Nifty stocks are moving up but the UN-Winding is a concern. The rise from here may not be that much sharp or serious, from here 2-Ups and 4-5 Downs. Because the FUTURE is promising, on any DEEP cut/ steep fall BULLs take charge to make a comeback to take away the Retail Investors most of the STOP-LOSSES.

THE BLOOM and GLOOM story…..THE MOMENTUM IS HIGH….

THE NIFTY MAY TOUCH 8785-8850 RANGE; BUT VERY LIKELY, IN THE SHORT-TERM LOW MAY  TOUCH 7000, NO SURPRISE EVEN IF IT TOUCHES 6600-6400 RANGE

THE BANK-NIFTY MAY TOUCH 20100-22000 RANGE; IN THE SHORT-TERM LOW MAY  TOUCH 12500-800, NO SURPRISE EVEN IF IT TOUCHES 10100-10300 RANGE

THE RELIANCE MAY TOUCH 1450-1550 RANGE;IN THE SHORT-TERM LOW MAY  TOUCH 801-811, NO SURPRISE EVEN IF IT TOUCHES 759-736 RANGE

THE ONGC MAY TOUCH 620-650 RANGE; IN THE SHORT-TERM LOW MAY  TOUCH 311-321, NO SURPRISE EVEN IF IT TOUCHES 270 RANGE

THE SBI MAY TOUCH 3850-3950 RANGE, IN THE SHORT-TERM LOW MAY  TOUCH 1920-1950, NO SURPRISE EVEN IF IT TOUCHES 1450-1430 RANGE

THE ICICI MAY TOUCH 2130-2080 RANGE; IN THE SHORT-TERM LOW MAY  TOUCH 1180-1220, NO SURPRISE EVEN IF IT TOUCHES 970-950 RANGE

THE RELCAPITAL MAY TOUCH 950-1050 RANGE;IN THE SHORT-TERM LOW MAY  TOUCH 440-415, NO SURPRISE EVEN IF IT TOUCHES 330 RANGE

THE RELINFRA MAY TOUCH 1080-1150 RANGE; IN THE SHORT-TERM LOW MAY  TOUCH 520-540, NO SURPRISE EVEN IF IT TOUCHES 440 RANGE

WE CAN EXTEND AND READ MORE NUMBERS… BUT THE DENIAL IS RIDING HIGH EVEN IN MY MIND…

PLS DON’T BUY NOW UNTIL NIFTY TOUCHES 7250-80 RANGE, BUT THE ACTUAL BUYING IN QUALITY STOCKS SHALL EMERGE FROM 7000 ONLY. THOSE WHO ARE COMPULSIVE, SHALL TAKE A STOPLOSS ROUTE RATHER THAN HOLDING FOR LONGER…THW WAIT MAY BE 3 YEARS…!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

MARKET ECONOMY....JUST ELIMINATE....

US FDIC sues major banks over Libor manipulation

PTI

NEW YORK, MARCH 15:  

The US Federal Deposit Insurance Corporation has sued HSBC, Citigroup, Deutsche Bank and 12 other global banking heavyweights for manipulation of the Libor benchmark interest rate.

The regulator said the manipulation caused “substantial losses” to 38 US banks which were shut down due to insolvency during and after the 2008 financial crisis.

The FDIC said the accused institutions cheated the closed banks in US dollar Libor-based swap and other agreements through the manipulation of the rate between 2007 and 2011.

Libor, or the London Interbank Offered Rate, is used as a reference for some USD 350 trillion worth of financial contracts worldwide, from corporate loans to financial swap contracts.

“The Panel Bank Defendants fraudulently and collusively suppressed USD Libor, and they did so to their advantage,” the suit said.

The banks named are, or were, participants in setting the daily Libor rate: Bank of America, Citigroup, and JPMorgan Chase of the United States, Germany’s Deutsche Bank and WestLB, Britain’s HSBC, Barclays and Lloyds banks, Japan’s Norinchukin Bank and Bank of Tokyo—Mitsubishi, Credit Suisse and UBS of Switzerland, Royal Bank of Scotland, Royal Bank of Canada, and Rabobank of the Netherlands.

Several of the banks have already paid substantial fines to regulators and justice authorities in the United States and Europe for participating in rate-fixing.

Also sued was the British Bankers’ Association, which at the time oversaw the daily fixing of Libor by the banks.

“BBA participated in the alleged scheme to protect the revenue stream it generated from selling Libor licenses and to appease the Panel Bank Defendants that were members of the BBA,” it said.

The FDIC said it was seeking full damages for losses incurred by the closed banks, punitive damages, and damages for violating US antitrust statutes.

(This article was published on March 15, 2014)

http://www.thehindubusinessline.com/news/international/us-fdic-sues-major-banks-over-libor-manipulation/article5787653.ece

Artificial heart ...Machine makes the move....!!!!

Artificial heart with sensors and software may soon become a reality

By New York Times | 14 Jul, 2013, 12.50PM ISTBy Anne Eisenberg

Scientists have long searched for a durable artificial heart that can work as efficiently as the one supplied by nature.
Now Carmat, a company based in Paris, has designed an artificial heart fashioned in part from cow tissue. The device, soon to be tested in patients with heart failure, is regulated by sensors, software and microelectronics. And its power will come from two external, wearable lithium-ion batteries.
Fifteen years in development, the heart has been approved for clinical trials at cardiac surgery centers in Belgium, Poland, Saudi Arabia and Slovenia, where staff members are receiving training and patients are being screened, said Dr. Piet Jansen, medical director at Carmat.
In France, where the device is not yet cleared for human implantation, regulators have requested more animal tests, Jansen said; those tests are continuing.
Artificial hearts aren't new, of course, but the Carmat heart is unusual in its design, said Joseph Rogers, an associate professor at Duke University and medical director of its cardiac transplant and mechanical circulatory support program. Surfaces in the new heart that touch human blood are made from cow tissue instead of artificial materials like plastic that can cause problems like clotting."The way they've incorporated biological surfaces for any place that contacts blood is a really nice advantage," Rogers said. "If they have this design right, this could be a game changer."He added that it could lessen the need for anticoagulation medicines. (Rogers has no financial connections to Carmat.)
This is the first artificial heart to use cow-derived materials - specifically, tissue from the pericardial sac that surrounds the heart. Biological tissue has been used in earlier mechanical blood pumps only in valves, Rogers said.Thousands of people in the United States need a replacement heart, said Dr. Lynne Warner Stevenson, a professor at Harvard Medical School and director of the cardiomyopathy and heart-failure program at Brigham and Women's Hospital in Boston.
"It's estimated that if we had enough donor hearts to go around, 100,000 to 150,000 people in the United States with heart failure would benefit," she said."Transplants work best, but we have only 2,000 or so adult hearts" that are available each year, she said. "It's a huge problem."There are long-established options for patients while they await transplants, Stevenson said, including installing an artificial heart made by SynCardia until a donor heart is available.When the natural heart is partly damaged or diseased, patients might keep it and have a mechanical aid implanted to bolster blood flow. Such pumps - especially those that aid the left side of the heart - are in wide use both as a bridge to a transplant and for lifetime therapy.
A totally artificial heart for extended use would be of great value, but it's far too early to know if the Carmat heart, as yet untried in humans, will be that device."The whole history of mechanical devices is that people thought they had devices where blood wouldn't clot. But they didn't," Stevenson said. Jansen said that the cost of the Carmat heartwould be about $200,000 and that he did not expect it to be brought to market in Europe before the end of 2014. Once the company gains momentum with its European clinical studies, he said, it plans to start working through the regulatory process in the United States. The Carmat heart has two chambers, each divided by a membrane. That membrane has cow tissue on one side - the side that is in contact with blood - and polyurethane on the other side, which touches the miniaturized pumping system of motors and hydraulic fluids that changes the membrane's shape. (The motion of the membrane pushes the blood out to the body.) The embedded electronics and software adjust the rate of blood flow. Patients can wear the batteries under the arm in a holster, or in a belt, among other options. Cow tissue is also used for the heart's artificial valves, which were created by Dr. Alain Carpentier, a cardiac surgeon and a pioneer of heart valve repair who is also a co-founder of Carmat and its scientific director. Such valves have been used in heart-valve replacement surgery for decades. 

The cow tissue is chemically treated so that it is sterile and biologically inert. The heart's design and development relied heavily on aerospace testing strategies by EADS, the European Aeronautic Defense and Space Co., one of Carmat's backers, Jansen said. Even so, duplicating the durability of a human heart will not be easy, said Dr. Robert Kormos, director of the artificial heart program at the University of Pittsburgh Medical Center and co-director of its heart transplant program. "We can test these pumps on the bench in the laboratory, and in animals, but there is no true long-term data until you implant them in people for trials," he said. Jansen said that one design requirement for the heart was that it last five years. The company has been doing bench tests to see whether the new heart will stand up to that level of wear and tear."Whether it lasts five years in the patient we will have to prove clinically," he said. Stevenson of Harvard is optimistic about the new device. "Innovation is what we need," she said. "This new device is exciting. I applaud the pioneers who developed it, and the patients and families who will go down this path for the first time."http://economictimes.indiatimes.com/news/news-by-industry/et-cetera/artificial-heart-with-sensors-and-software-may-soon-become-a-reality/articleshow/21067832.cms?curpg=2

The IMPACT and INDIVIDUAL INFLUENCE Aura:

The existence of a PERSON is all about the INFLUENCE made during living period/existence and the IMPACT-depth is carried over the years. As well the INFLUENCE aura is the area filled with concerned people and the boundaries are keep changing every time and dynamic in its efforts to influence to other PARTY existing in association. The achievement of the individuals is more concerned to that particular person and to those people with whom the person develops the INFLUENCE aura.

The “influence” most of the times have greater IMPACT when the association carries a better BOND. The Direct IMPACT and the Indirect IMPACT may carry some times same effect, most of the times one is more influencing than the other; this is dependant more on the ACCEPTANCE of the person.

SUCCESS & FAILURE LAYERS:

The SUCCESS Ladder opens up with 3 series of layers each time and every time as the person crosses the FAILURE- RESISTANCE layer. The middle layer “a layer of CHALLENGES” consists of various challenges to achieve set targets. This is a continuous process IN EVERY BODY’S LIFE be it Social, Economical and Emotional areas. The progress starts with the comfort zone i.e Success Layer. Most of the times, individual who prefers stay in the comfort zone, leads an ordinary life style because of the choices made. These low end efforts offer easy success that forms a comfort area to rely on and these people live in a devoid space by not attempting for new opportunities for growth/success because the painful challenges can be avoided and also the Failures can be escaped.

The word Success has a broader & relevant meanings and a wider application in each INDIVIDUAL LIFE. No individual can dream of living without SUCCESS, may be any comparison can bring controversies. The Layers of SUCCESS add on each time when the persons achieve SUCCESS, a continuous up-gradation in the positive side. There are series of CHALLENGES in the process while scaling the success ladder. The person crosses each layer by confronting all the Challenges and Resistances, a very new level of 3 Layers will be opened. This set of 3 Layers of SUCCESS-CHALLENGES- FAILURE Resistances are common to every TASK is attempted by the person.