Chennai to be made world class city, says minister

Fri, Aug 22 07:29 PM
Chennai, Aug 22 (IANS) The Tamil Nadu government is committed to developing Chennai as a world class city with matching infrastructure and living standards, a state government minister said here Friday.
'My ministry would take all necessary steps to make Chennai a happening place in the world with respect to infrastructure and other long term planning,' said the state's Information Minister Parithi Ellamvazhuthi.
He was addressing the Chennai Version 3.0, a conference organised by industry lobby Confederation of Indian Industry (CII) to mark the 369th anniversary of Chennai's formation.
Speaking on the occasion, R. Sellamuthu, principal secretary, housing and urban department, Tamil Nadu government said that public-private partnership was the key to infrastructure development in the state.
He said that the Government of Tamil Nadu would spend Rs.500 billion in the next 10 years for several infrastructure projects including Metro Rail, elevated express highways and connectivity roads.
'Chennai Version 3.0 aspires to take up the challenge of eradicating illiteracy, unemployment and poverty in the city by 2025,' said G.R.K. Reddy, chairman of CII Chennai Zone.
'The goal is to develop Chennai into a new metropolis which is peaceful and safe, eco-sensitive and modern, yet culturally conscious,' he said.
He said that it is time for the public and private sectors to join hands and come together with a view to make Chennai a source of global innovations - new businesses, new technologies and new business models.
Stressing the importance of inclusive and balanced development engaging people in the lower strata of the society, Kanimozhi, MP, said corporate social responsibility should focus more on providing education and better healthcare for the underprivileged youth.
http://in.news.yahoo.com

2008 Honda FCX Clarity: Hydrogen Power Coming to Honda Dealers

Posted 1/29/2008 3:55 PM
One year after the introduction of its sleek fuel cell-powered FCX concept, Honda's unveiled the production version. The 2008 FCX Clarity uses hydrogen to power its V Flow fuel cell, which charges its lithium ion batteries, which ultimately power the electric motor. The result is a zero-emissions car with seating for five and a range of 270 miles. The interior features plant-derived fabric and other renewable materials. Refueling station limitations confine sales to Southern California residents only, who can enter into a three-year lease for around $600 a month. The FCX Clarity goes on sale in the summer of 2008.

http://www.kbb.com/kbb/LatestNews/Story.aspx?StoryUniqueName=KBBWebContent-2353&CategoryUniqueName=KBBWebContent-2350

Rupee up by 10 paise at 43.42/43 against a dollar

Fri, Aug 22 08:35 PM
Mumbai, Aug 22 (PTI) Continuing its gains for the second day in a row the Indian rupee today closed higher by 10 paise at 43.42/43 against greenback on alternate bouts of buying and selling amidst oil prices' climbing and recovery by US dollar. Dealers said they were anticipating further intervention by the apex bank to contain the sustain fall in the rupee, which hit 17-month intra-trade low of 43.86 on August 20.
However, suspected intervention by the Reserve Bank of India (RBI) in last two days helped the local currency to recover some lost ground. The local currency today resumed barely steady at 43.53/54 a dollar from overnight close of Rs 43.52/53 a dollar on uncertainty as the benchmark Sensex resumed lower.
However, recovery in equity market where the Sensex rebounded to end up by nearly 158 points on the back of firm European opening helped the rupee gain ground. It touched a high of 43.30 per dollar in late afternoon deals but some dollar buying at lower levels by oil corporates for their import requirements pulled the rupee down to close at Rs 43.42/43 a dollar.
Yesterday, it had gained 18 paise. Dollar recovery from overnight sharp correction against a basket of major currencies today also partly put some pressure on the rupee at the fag end.
Global crude oil prices were trading above USD 120 a barrel in Asian trade today. PTI.

http://in.news.yahoo.com

FINANCIAL EXPERT

HE MAY NOT BE A FINANCIAL EXPERT
Do you feel your stock broker is a wizard? Don’t bet on it, for intelligent and informed as he might appear, he may not quite be the financial expert you think he is. A stock broker is, first and foremost, a sales guy. Now, how’ that?
Arthur Levitt, former chairman of the US securities Exchange Commission tells us in take on the street – how to fight for your financial future, “Brokers may seem like clever financial experts, but they are first and foremost sales people. Many brokers are paid a commission, or a service fee, on every transaction in accounts they manage. They want you to buy stocks you do., because that’s how they make money for themselves and their firms. They earn commissions even when you lose money.”
At times, they are just catering to your inherent need to look for answers on the way the market is moving. Adam Smith (not to be confused with the famous economist) writes in his book, The Money Game, “The investors who really follow the market, the ones who call up all the time, ninety percent of them really don’t care whether they make money or not. “If they make a little money, they’re happy, if they lose a little money, they’re not too unhappy. What they want to do is to call you up. They want to say, ‘How’s my stock? Is it up? Is it down” What about the earnings? What about the merger? What’s going on? And they want to do this everyday, they want a friend, they want someone on the telephone, they want to be a part of what’s going on,” he writes. Somehow, brokers always seem to have an answer to all these questions. Very few will tell you ‘I don’t know’.
Also, no broker ever made money by getting investors to hold on to their investments.
“They could put you in some stock that would go up ten times, but then they would starve to death. They only get commissions when you buy and sell. So they keep you moving, “writes Smith.
Levitt gives the examples of warren buffet to make much the same point. “Warren Buffett, the chairman and CEO of Berkshire Hathaway Inc and one of the smartest investor I have ever met, knows all about broker conflicts. He likes to point that any broker who recommended buying and holding Berkshire Hathaway stock from 1956 to now would have made his clients fabulously wealthy.
A single share of Berkshire Hathaway purchased for $12 in 1965 would be worth $71,000 as of April 2002. But, any broker who did that would have starved to death.”

THE POWER ASSOCIATED WITH FAITH

The Sahassrakundiay Mahayagaya (fifth thousand participants were seated at a thousand places around an equal number of receptacles for performances of a common yagya in which more than five thousands devotees participated at Mathura, in the year 1958) was one of the initial successful experiments. Success of this experiment strengthened the faith and conviction of the author manifold and thereafter began a continuous process of operation directed by “The Guide”, mention of which has already been made in the force going pages. Creation of literature, organizational work, expensive maintenances of establishments, assistance to the ‘have-nots’ and numerous other activities were so effortlessly performed, as though the doer was someone else and the credit was given to the author very casually. This phenomenon should not be regarded as success of a particular individual or a result of someone’s hard work. On the other hand, it should be clearly understood that it has been the result of the power which is inseparably associated with true spirituality. Just as logistics is arranged by the army commanders or by the Defense Department for officers proceeding to the battle front, ‘The Directing Power’ too, makes all arrangements for the dedicated person who is prepared to work according to its directors.After making the authors complete some small miscellaneous assignments, which he was considered capable of undertaking on his own. ‘THE DIRECTOR’ made his support so competent as to give a superlative performance by remote control. Subsequently followed delegation of that big responsibility, which none on this earth can even think of implementing. It is that superpower, which tolerates man’s irresponsibility to a certain extent only and intervenes to force the corrective measures and if necessary even punishes the errant when arrogance is found to surpass tolerable limits. This is the project for the happy and prosperous twenty-first century-the plan for the unprecedented mega revolution.

Windows Repair Software

Cut Down On Costly PC Repair Bills by Jason Bell
It is quite common for people to ask as how a Windows repair software tool can help them save money from PC expenses. Before delving into that, let us first see why the registry is important for your computer and what the effects are of registry problems on your system.
In simple words, the registry is a centralized database on your computer, where your Windows operating system stores essential information related to the software and hardware on your system, your user preferences, and customized system settings of your computer. The registry manages almost all activities that you perform on your system. Information is stored in the registry in the form of keys and their values. As you use your PC, several keys and values are accessed, added, removed, or modified in the registry.
It's not uncommon for unwanted information, such as obsolete, invalid and corrupt entries to accumulate in the registry causing it to bloat. A bloated registry easily gets corrupted and fragmented, resulting in computer errors and freezes.
Most of the time, these frequent computer errors, freezes, and crashes force you to seek external technical help to restore your PC back to a healthy state. Just imagine, a simple registry scanner could have saved you from all this trouble in the first place. Do you know most of the technical experts who help you restore your PC also do the same? Why pay an expert to use Windows repair software when you can use the same tool, for a quarter the cost?
With the help of good PC repair software, you can perform a thorough scan of the registry and weed out all unwanted data.
To perform a registry scan, you can choose between automatic and manual clean up methods. Where the automatic method, does everything automatically, the manual method enables you to scan through all registry entries reported as errors and select and remove only those that you are positive are errors.
Registry tools help you repair corrupt registry entries that help you resolve several computer errors. In fact, PC repair software is a one step cure from several computer errors such as Blue Screen of Death (BSOD) errors, driver errors, runtime errors, and dll errors.
A bloated and fragmented registry slows down data access, which in turn slows down your computer. For instance, if you are working with Microsoft Word, when you try to save a file, the request to process the save command goes to the registry. Now, if your registry takes much longer than expected to process this command, the save function will take much longer than normal to complete this operation. This, in turn will likely frustrate you. When you defrag the registry, two operations take place. First, empty registry keys or the placeholders of keys are removed, helping you reduce the size of the registry. Second, defragging helps in re-indexing the registry files and making them contiguous. Both these tasks help you speed up registry data access and as a result speed up your computer.
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