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Links for 2008-03-25 [Digg] Posted: 26 Mar 2008 12:00 AM CDT Foreign Exchange : Forex and its strategies Forex and its strategies - Marco M Forex or FX, no matter how you may call it, it all refers to foreign exchange. Forex basically deals with buying and selling of currencies, or in other words currency trading that is made available at the ongoing price in market. It involves investing money in the foreign currencies and earning profit by selling Pay Commission to revise transport allowance The Sixth Pay Commission is set to announce a hike of up to 52% for Central government staff and officers, along with their counterparts in defence and paramilitary forces. The commission is also likely to revise the transport allowance (conveyance), which is a maximum of only Rs 800 in A1 cities now. ''Those driving to office in their own cars cou 40% hike in basic salary & rise in retirement age to 62 expe The Sixth Pay Commission's recommendations are expected to result in a hike of 30-40% in basic salary of central government employees in various categories. In the current fiscal, the outgo on account of pay and allowances for the government - with an employee strength of over 3 lakh - has been pegged at Rs 46,379 crore. Sources said the recommenda Pay panel report soon, Govt working on 20% hike As the Sixth Pay Commission prepares to submit its report on March 20, a fortnight before deadline, the Finance Ministry has started working its numbers considering an average 20% increase in salaries of Central government employees. The wage hike, after merging existing allowances with the basic salary, will range from 18 to 25% depending on the s Grand pay hike for Govt employees on the cards The government is well and truly in election mode. The Sixth Pay Commission has reportedly recommended hikes of up to 33 per cent in the salaries of Central Government employees and, as announced in the Budget, the report will be out within the next three weeks. The wait is almost over for the Government of India employees. CNN-IBN has learnt that New Pension Scheme (NPS) is out of the terms of reference fo And if the provision for railway employees is an indication (Rs 5,000 crore for 14 lakh em-ployees), government employees may be in for a 20%-25% hike. In the current fiscal, the outgo on account of pay and allowances for the government is being estimated at Rs 46,379 crore. However, if one factors in the arrears and pensions with retrospective eff Bureaucrats may get stints in India Inc Pay panel likely to suggest institutionalising this practice. Bureaucrats may be allowed to serve significant stints outside of government in private sector companies to allow mid-career officers to pick up new skills and build a nest-egg as a bonus. Government officials suggest the Sixth Pay Commission is likely to recommend that this practice be Sell PSUs to meet Sixth Pay Commission implementation cost? Finance minister P Chidambaram proposes to meet rising wage cost of government employees after the Sixth Pay Commission from the proceeds of disinvestment in state-run companies. There is great scope for stake sales in public sector companies, the finance minister said, adding that the central budget had factored in possible wage increases for gove Upto 35% Wage increase expected in Sixth Pay Commission, CNB CNBC Awaaz reported recently that there may be an increase of 30 - 35 % in wages of employees in Sixth Pay Commission. If this happens, it will be a great news for the middle class in India. Main tax payers in the country are salaried employees. So giving benefit to a common man will help the Congress government to get more votes in upcoming electi Sixth Pay Commission Report : What will employees get on Apr The government has declared that the Sixth Pay Commission would submit its report by April 4, 2008. In a written reply to the Rajya Sabha, Mr. P K Bansal, the Minister of State for Finance said, "The Commission is to finalise and submit its report within 18 months of its constitution, that is 4th April, 2008." About effectuation of the Pay Commissi US Economy Review - How worse is it and to what extent it ca Is it a 'recession'? Whether the country is officially in recession is determined by the National Bureau of Economic Research, a private nonprofit research organization. The group considers several economic indicators, as well as the severity and duration of a downturn. The NBER says the most recent recession lasted from March 2001 until November 2 Global Oil Valuations - Why Oil Is Overpriced Even after plunging from a record high, crude prices are out of touch with reality and could drop well below $100 a barrel before year end. - By Steven Goldberg Speculation in commodities seems out of control. In the not-too-distant-future, investors will discover that oil prices -- like the prices of everything else -- go down as well as up. A cen Bear Stearns & JP Morgan Deal - Where does the Fed get $30 B Where does the Fed get $30 Billion to lend - easy when it owns the printing presses OE NOCERA, Business Columnist, New York Times: It's like something seizes up; that's really the best way to describe it. There was panic among its counterparties, the people they traded with, that they wouldn't have the money to pay them back. So people, gradually f Life may never be the same for investors A few friends would cease to be friends. Invitations for rave parties would stop. And some will prefer moving into smaller homes. Exotic holidays or a second car will have to wait for better days. The near 30% fall in the market, erasing about two years of investments of an average investor, in plain 47 trading sessions will change the lives of man India Prospects - A 10 years of high growth rate is achievab Dispelling doubts about the sustainability of the country's economic performance, finance minister P Chidambaram has said India's growth story is here to stay. Stepping up public and private investment, protecting price lines, ensuring smooth delivery of goods & services Market Review - Most indices fall with Sensex Most indices fall with Sensex With a fall of close to thousand points on Monday, the Sensex has gone right back (14,842) to where it was on August 27 last year. During this seven-month roller-coaster ride, many indices have risen to new highs, only to fall all the way back to their earlier levels. US slowdown may affect India's growth rate: UNDP The slowdown in the US economy could affect the growth rate of India, a top official of the United Nations Development Programme said here on Tuesday. "India achieved eight per cent plus growth rate over the last three years, when the global economy was doing well," Kemal Dervis, Administrator of UNDP, told a press conference. Bear Stearns sold to JP Morgan - $240 million buyout Bear Stearns sold to JP Morgan NEW YORK: JPMorgan Chase & Co agreed to buy Bear Stearns for $240 million, about 90% less than its value last week, after a run on the company ended 85 years of independence for Wall Street's fifth-largest securities firm. Conquer Your Fear of Investing Afraid to start investing? Here are five tricks to help you succeed. - By Erin Burt - Kplinger Many of the most worthwhile things in life are scary at first. Consider, for example, going to school for the first time, falling in love, learning to drive, starting a family, figuring out your new Tivo... Investing is no exception. How young consumers could shape Vietnam's banks - McK This small but lively banking market encompasses the region's largest generation gap in attitudes toward banking. Nigel P. Andrade, Jens Lottner, and Christian Roland Young adults, 21 to 29 years old, will play a large role in shaping Vietnam's small but growing retail-banking market. Celebrity Mania Heather Mills fails to buy her daughter first-class tickets London : She has been awarded millions of pounds in royalties by Sir Paul McCartney, but Heather Mills failed to buy first-class ticket for her four-year-old daughter Beatrice. Married couples could soon be in the minority by 2031 Married parents could soon be in a minority, for a new report has suggested a 65 per cent increase in couples who live together but are not married. A report on family life by the Office for National Statistics (ONS) revealed that cohabiting is a rising trend in Britain, with 2.3 million, mostly young people, living together without being married. Here's why men like to marry women almost half their age Ever wondered why men like to marry women who are years younger them? Well, you can now give your mind a rest, for a study has found that men prefer young women due to their high fertility.