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What happens to accounts of a NRI's NRE or FCNR accounts which he/she has opened abroad after his/her return to India?

What happens to accounts of a NRI's NRE or FCNR accounts which he/she has opened abroad after his/her return to India?

A returning Indian's NRE/FCNR accounts is usually designated as a Resident account. Most banks allow these deposits to continue to run till maturity at the contracted rate of interest.

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What are the multiples in which I can withdraw money from my FD?

What are the multiples in which I can withdraw money from my FD?


You can withdraw money from your FD in multiples of Rs 1,000/-

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What are nomination facilities available on FD?

What are nomination facilities available on FD?


The facility of Nomination is available for relationships in the names of individuals. Unless otherwise specifically given in writing by depositors, nomination in deposit accounts will be at Customer ID level.

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India invites US investments under Make in India scheme 30/08/2016 16:34

India invites US investments under Make in India scheme
30/08/2016 16:34
India today invited American investments under the Make In India scheme, as the government strives to make the country a manufacturing hub.
Speaking at the US-India CEO Forum, which was attended by US Secretary of Commerce Penny Pritzker and several top Indian industrialists, Commerce Minister Nirmala Sitharaman invited the American investment to the country.
The meeting was as part of the second strategic and commercial dialogue, which happened between India and the US today.
Top Indian industrialists and bankers including Cyrus Mistry, Sunil Bharti Mittal, Deepak Parekh, Kumar Mangalam Birla, Chanda Kochhar, Anand Mahindra, and Hari S Bhartia, were present at the meeting.
During the meeting, India and the US held detailed discussions on infrastructure funding and renewable energy, and ways to promote innovation and entrepreneurship, said sources.

RBI sets rupee reference rate at 67.0879 against US dollar 30/08/2016 14:44

RBI sets rupee reference rate at 67.0879 against US dollar
30/08/2016 14:44

The Reserve Bank of India today fixed the reference rate of the rupee at 67.0879 against the US dollar and 74.9439 for the euro.
These rates were at 67.1810 and 75.1823 respectively, yesterday.
According to an RBI statement, the exchange rates for the pound and the yen against the rupee were quoted at 87.6906 and 65.61 per 100 yens respectively, based on reference rates for the dollar and cross-currency quotes at noon.
The SDR-rupee figure will be based on this rate, the statement added.

India, US sign agreement to share military assets and bases 30/08/2016 12:54

India, US sign agreement to share military assets and bases
30/08/2016 12:54

India and the US has signed an important agreement to use each other's land, air and naval bases for repair and resupply, taking a step toward reinforcing defence ties as they seek to counter an aggressive China.
"The US has agreed to elevate defence trade and technology sharing with India to a level commensurate with its closest allies and partners," said a joint statement after the pact was signed.
At a press conference with US Defence Secretary Ash Carter, Defence Minister Manohar Parrikar said the agreement will allow the Indian and US navies to have an easier time supporting each other in joint operations and exercises and when providing humanitarian assistance.
The agreement is seen as a milestone in the India-US defence relationship because of the outsized political importance it had taken on in India, where concerns were raised over whether the country's autonomy would be undermined. But both leaders made it clear that the logistics agreement did not allow the basing of US troops in India.
The signing of the agreement will "make the logistics of joint operations so much easier and so much more efficient," said Mr Carter.
Washington's desire for deeper security cooperation with India had been complicated without the signing of the logistics agreement as well as two other pacts that would allow secure communications and the exchange of nautical and other data.
Mr Parrikar's visit to Washington this week marks his sixth interaction with Mr Carter, who has made closer military ties with India a priority and also established a special unit within the Pentagon last year for this.
Without naming China, both leaders mentioned the importance of the free flow of trade to both countries.
"India and the United States have a shared interest in freedom of navigation and overflight and unimpeded commerce as part of rule-based order in (the) Indo-Pacific,"Parrikar said.

Fifth tranche of sovereign gold bonds scheme to open on Sept 1 30/08/2016 12:51


Fifth tranche of sovereign gold bonds scheme to open on Sept 1
30/08/2016 12:51
The Reserve Bank of India, in consultation with the Government of India, has decided to issue fifth tranche of Sovereign Gold Bonds from September 1st.
“Applications for the bond will be accepted from September 01, 2016 to September 09, 2016” RBI said in a notification.
The Bonds will be issued on September 23, 2016, it said.
The Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices, and recognised stock exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange.
The gold bonds investor will be compensated at a fixed interest rate of 2.75 per cent per annum payable semi-annually on the initial value of investment, which will be taxable as per the provision of Income Tax Act, 1961 (43 of 1961).
The capital gains tax arising on redemption of Sovereign gold bond to an individual has been exempted. The indexation benefits will be provided to long term capital gains arising to any person on transfer of bond.
Eligibility wise, the bonds will be restricted for sale to resident Indian entities including individuals, HUFs, Trusts, Universities and Charitable Institutions.
It will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram.
The tenure of the Bond will be for a period of 8 years with exit option from 5th year to be exercised on the interest payment dates.

Harmonization of product standards to be key element of India-US joint policy 30/08/2016 12:40


Harmonization of product standards to be key element of India-US joint policy
30/08/2016 12:40
Harmonization of product standards will be one of the four major India-US joint policy objectives, according to the ‘Roundtable on Standards and Conformity Assessment.’
The roundtable held on the sidelines of the ongoing India-US Strategic and Commercial Dialogue was organized by the Confederation of Indian Industry (CII) in partnership with Ministry of Commerce and Industry, Government of India, the American National Standards Institute (ANSI) and the National Accreditation Board for Certification Bodies (NABCB).
Speaking at the conference, Chandrajit Banerjee, Director General, CII, said that CII is focusing on four key initiatives related to standards for promoting India’s trade competitiveness. These include technical inputs from experts and industry members, training and counselling for conformity assessment bodies in India and the SAARC region, the Standards Conclave that is organized in association with India’s Ministry of Commerce and Industry, and the soon-to-be-launched Standards online portal.
“Indian industry needs to adapt to meet increasingly stringent standards to boost its export competitiveness, or we will be left behind in the global trade race,” he said.
Heather Lanigan, Country Manager – South Asia, US Trade and Development Agency (USTDA), emphasized the importance of standards across different sectors like energy, telecommunications and infrastructure. The USTDA has particularly focused on power, infrastructure and smart cities. For example, they have worked on automation and standards implementation with TATA Power, which has resulted in the automation of 34 power grids that ensure reliable electricity supply for more than 7 million customers.

India, Myanmar ink pact to promote traditional medicine 30/08/2016 12:11


India, Myanmar ink pact to promote traditional medicine
30/08/2016 12:11
India and Myanmar have joined hands to enhance bilateral cooperation between the two countries in the field of traditional medicine.
Indian government today signed an agreement with the Government of Myanmar to enhance bilateral cooperation between the two countries.
Secretary, Ministry of Ayush Ajit Mohan Sharan and Minister of State for Foreign Affairs of Myanmar, U Kyaw Tin signed a Memorandum of Understanding (MoU) here, an official statement said.
Prime Minister Narendra Modi and President of Myanmar U Htin Kyaw were also present on the occasion.
"Myanmar is our gateway to South East Asia and ASEAN with which India has been seeking greater economic integration through India's 'Look East and Act East' Policy.
"In recent years, the relationship of the two countries has been marked by close contacts at the highest political level including cooperation in the field of health and medicine," the AYUSH Ministry statement said.

Indian economy lost momentum in April-June quarter: Poll 30/08/2016 10:38


Indian economy lost momentum in April-June quarter: Poll
30/08/2016 10:38
A Reuters poll has said that India's economic growth likely lost some momentum in the April-June quarter on cutbacks in domestic and global demand. The poll also found that economists expected the newly-passed goods and services tax to take time to have an impact on gross domestic product growth. For April-June, the median forecast of 40 economists was for GDP growth of 7.6 per cent from a year ago, slower than the 7.9 per cent in the previous quarter. The slower pace would still be rapid, by any standard. China reported 6.7 per cent annual growth for April-June, and the Philippines posted 7.0 per cent. As per reports, the latest reform from the government, the goods and services tax, should transform the country into a common market and is widely expected to add up to two per centage points to the GDP growth pace after implementation.

India, UK considering ways to boost trade ties: Min 30/08/2016 10:37


India, UK considering ways to boost trade ties: Min
30/08/2016 10:37
India and the UK have considered upon ways to boost the two-way trade besides possibility of negotiating a free trade agreement, said media reports. As per reports, the issues were discussed during the meeting between Commerce and Industry Minister Nirmala Sitharaman and UK's Secretary of State for International Trade Liam Fox. Commenting on the issue, Commerce and Industry Minister Nirmala Sitharaman told the media, “The UK is very keen on deepening economic relations with India. They want to talk a lot on better partnership. They can start the trade dialogue only after they come out from the EU." "yes there is a possibility of an FTA with the UK. No doubt about it. But obviously, UK is still a part of the EU. Only when they come out (that) is going to happen," she added. She also added that both the countries had decided to set up a joint working group which can go into the details of what is the kind of economic and commercial relationship which can be built and strengthened.

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To what asset class does a FD belong?

To what asset class does a FD belong?


Fixed deposits form a part of the debt investment of an investor's portfolio.

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Is there any auto renewal facility available on FD?

Is there any auto renewal facility available on FD?


Yes, you can opt for auto renewal at the time of opening the FD or anytime before the FD matures. Auto renewal allows your FD to get renewed automatically for the same period as the original deposit. However under auto renewal option the fixed deposit receipt is with the custody of the Bank and Memorandum of Deposit (MOD) is issued in lieu of fixed deposit receipt.

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Is TDS applicable on FDs?

Is TDS applicable on FDs?


Tax is deducted at source, from the interest on Fixed Deposits, as applicable, as per the Income Tax Act, 1961.

Merge govt policies to address housing shortage issue: Study 29/08/2016 14:19


Merge govt policies to address housing shortage issue: Study
29/08/2016 14:19
The union government should try to merge various policies at a point to address housing shortage issue in India, an ASSOCHAM-JLL joint study has said.
“The Pradhan Mantri Jan Dhan Yojana (PMJDY), which mainly targets lower-end of pyramid, should be used to provide housing finance to the account owner, thereby directly catering to the targeted segment,” suggested the study titled ‘Affordable Housing Finance in India,’ jointly conducted by ASSOCHAM and JLL.
Economically weaker section (EWS) and low-income group (LIG) categories are generally not given access to loans because of many reasons like – lack of proper documentation, higher credit and default risk, unavailability of guarantor and others, it noted.
Besides, income of this category is either uneven throughout the year or is below the ‘viable threshold,’ to ensure repayment of the loan.
Absence of a developed market for financing home buying results in lacklustre supply because developers of affordable housing face a slowdown in absorption of constructed units, the study highlighted.
Development of affordable housing has consistently been a challenge due to reasons like – land cost and availability, practicality of affordable housing definition, complicated regulatory process for approvals and others.
Lack of financing option for land acquisition, poor adoption of technology in construction, dubious credentials of developers, under-developed mortgage finance market, tedious know your customer (KYC) norms, co-ordination and marketing of policy and higher cost of funds for housing finance companies (HFCs) are key supply-demand side challenges being faced by the affordable segment in India.
“Relaxing the norms specifically for affordable housing segment can boost the depth and width of housing financing market like for example, making state mandated Aadhar card an acceptable identification for getting a loan,” suggested the ASSOCHAM-JLL study.

Rupee down by 11 paise against US dollar 29/08/2016 12:33

Rupee down by 11 paise against US dollar
29/08/2016 12:33
The Indian rupee was trading lower against its US counterpart during early morning trade on Monday on fresh demand for the dollar from importers. At the Interbank Foreign Exchange Market, the partially convertible currency was down by 11 paise to 67.18 per dollar from its previous close.
The dollar’s strength overseas against some other currencies weighed on the local currency as investors weighed comments from Fed Chair Janet Yellen who on Friday stressed that the case for monetary tightening in the world’s biggest economy had strengthened, curbing the lure for risky assets.
An earlier than expected Fed move may result in volatility in capital flows into emerging markets including Asia’s third biggest economy.
However, the losses in the rupee were capped by bullish trend across the domestic equity market.

Silver up on strong global cues 29/08/2016 08:32


Silver up on strong global cues
29/08/2016 08:32
Silver futures closed higher in the international market on Friday as traders created speculative positions taking positive cues from the global market. Market analysts said a firm trend in the precious metals in global market, mainly attributed to the rise in silver prices at futures trade.

CIL to invest Rs 7,765 cr in rail infra, power plants 29/08/2016 00:06

CIL to invest Rs 7,765 cr in rail infra, power plants
29/08/2016 00:06
Coal India has said that it will invest around Rs 7,765 crore towards capital expenditure in the ongoing fiscal and Rs 5,069 crore in various projects, including railway infrastructure, super critical thermal power plant and solar power. Commenting on the issue a CIL Official told the media, "The capital expenditure for the year 2016-17 has been set at Rs 7,765 crore." “Further, the company has planned to invest Rs 5,069 crore in various projects viz railway infrastructure, super critical thermal power plant, solar power, revival of fertiliser plants, procurement of railway wagons, CBM (CoalBed Methane) during 2016-17," he added. As per reports, CIL has envisaged a coal production of 908.10 million tonnes (MT) in 2019-20 with a CAGR of 12.98 per cent with respect to 2014-15. In 2016-17, which is also the terminal year of 12th five-year plan, the target of coal production has been pegged at 598.61 MT with an annualised growth of about 11 per cent.

Govt gives more time to SEZ developers for project execution 29/08/2016 00:05


Govt gives more time to SEZ developers for project execution
29/08/2016 00:05
The Indian Government has said that it has given more time to seven SEZ developers and units including Kerala State IT Infrastructure and Telangana State Industrial Infrastructure Corporation to execute their projects. The decision was taken by the Board of Approval (BoA) headed by Commerce Secretary Rita Teaotia in its meeting on August 12. The BoA is a 19-member inter-ministerial body that deals with SEZ-related matters. It provides single window clearance mechanism to developers and units in these zones. As pr reports, the board has granted one more year to Kerala State IT Infrastructure, which is setting up IT/ITeS SEZ in the state. SEZs are exports hubs, which contribute about 16 per cent to the country's total outbound shipments. As per reports, the Commerce Ministry is taking steps to revive investors' interest in these zones. It has asked the Finance Ministry to extend sops like rollback or reduction in the minimum alternate tax.

Ex-bankers under SFIO scanner in Mallya probe 29/08/2016 00:05

Ex-bankers under SFIO scanner in Mallya probe
29/08/2016 00:05
SFIO (Serious Fraud Investigation Office) has widened its probe into the financial irregularities at Kingfisher Airlines and has started examining former chiefs of various banks, including public sector banks, for having extended fresh loans allegedly without full due-diligence amid huge losses at the Vijay Mallya-owned carrier, as per the media reports. The agency is also looking at allegations of loans being extended on the basis of inflated valuation of brands and some other assets as also suspected fund diversions from the airline, said the PTI report. Sources said, quoted PTI that, SFIO has widened investigations into the affairs of Kingfisher Airlines and is now focusing on the lenders as well as their top management personnel for the suspected lapses in due diligence process before extending loans to the carrier. Moreover, SFIO has examined some former heads of public sector lenders which had extended loans to the airline at a time when the carrier's losses were on the rise, they added, quoted PTI.

Spectrum auction to take place in Sept end: Reports 29/08/2016 00:03


Spectrum auction to take place in Sept end: Reports
29/08/2016 00:03
The Indian Government has said that the spectrum auction will take place at the end of September setting at rest reports that the spectrum auction might be pushed by a few days to coincide with the period considered auspicious by Hindus, as requested by the telecom industry. Commenting on the issue, Union Communications Minister Manoj Sinha told the media, "We have finalised the date of the auction and it will happen in the last week of September... 29 or 30th." Earlier, there were reports that government was looking at pushing the upcoming spectrum auction by a few days to coincide with the period considered auspicious by Hindus, as requested by telecom industry. Sinha was speaking to reporters on the sidelines of an event organised to inaugurate Huawei's largest Global Service Centre (GSC). As per reports, the India GSC currently handles more than 50 projects, supporting over 30 countries in Asia, Middle East and Africa, serving over 350 million subscribers.

Govt notifies 2% excise duty on jet fuel under RCS: Reports 29/08/2016 00:01

Govt notifies 2% excise duty on jet fuel under RCS: Reports
29/08/2016 00:01
The Indian Government has said that it has notified excise duty of 2 per cent for jet fuel purchased from airports that come under the regional connectivity scheme, which seeks to make flying more affordable. As per reports, the concessional excise duty rate would be applicable for airlines as well as cargo operators. Under the Regional Connectivity Scheme (RCS), announced as part of the new civil aviation policy, various financial incentives would be extended to airlines that would fly to unserved and underserved areas. As per reports, the scheme would be for air services connecting unserved and under-served routes ranging from 200 to 800 kilometre, while there would be no lower limit for hilly, remote, island and security sensitive regions, as per the draft RCS which was unveiled in July. As per reports, the Civil Aviation Ministry had also said that the central government would only levy an excise duty of 2 per cent on ATF at the RCS airports for three years.

Market cap of top 7 Sensex firms falls Rs 29,907 cr 29/08/2016 16:09

Market cap of top 7 Sensex firms falls Rs 29,907 cr
29/08/2016 16:09
The overall market capitalisation of seven of the top ten Sensex firms tanked by a massive Rs 29,906.6 crore, with TCS emerging as the biggest loser as the 30-share Sensex fell 294.75 points or 1.04 per cent to 27,782.25 as fears over an earlier than expected US interest rate hike played spoilsport.
The country’s top software exporter, TCS, witnessed a decline in its market value of Rs 14,738.8 crore to Rs 4,98,350.78 crore last week, while the market cap of SBI fell Rs 9,160.08 crore to Rs. 1,91,507.71 crore.
ONGC’s market cap plunged Rs 2,994.42 crore to Rs. 2,04,005.66 crore last week while that of HUL fell Rs 2,031.91 crore to Rs. 1,95,347.30 crore.
The market cap of CIL tumbled Rs 473.73 crore to Rs 2,10,619.17 crore, while that of HDFC declined Rs 427.27 crore to Rs. 2,16,315.16 crore.
Infosys witnessed a drop in its market cap of Rs 80.39 crore to Rs. 2,34,460.63 crore last week.
With Fed Chair Janet Yellen keeping the door open for a US rate hike in September, Dalal Street may remain under pressure this week. An earlier than expected Fed move may result in volatility in capital flows into emerging markets including Asia’s third biggest economy.

India’s forex reserves hit new high at $367 bn 29/08/2016 15:46


India’s forex reserves hit new high at $367 bn
29/08/2016 15:46

Marking a fourth straight weekly gain, the country’s foreign exchange reserves have reached a record high driven by a jump in foreign currency assets, putting Asia’s third biggest economy on a good footing in the wake of continued global headwinds including Brexit jitters, China slowdown, weakness in commodity prices and potential US monetary tightening this year.
Foreign exchange reserves rose by USD 1.346 billion to USD 367.169 billion in the week to August 19, 2016, the Reserve Bank of India (RBI) said.
In the week ended August 12, 2016, India’s forex reserves climbed by USD 73.2 million to USD 365.82 billion from the prior week.
Foreign currency assets, which are expressed in dollar terms and include the effect of appreciation or depreciation of non US currencies such as euro, pound and yen held in reserves climbed by USD 1.315 billion to USD 341.675 billion in the week ended August 19, 2016 from the previous week, the RBI added. Foreign currency assets are the biggest component of the overall forex reserves.
Gold reserves were unchanged at USD 21.584 billion in the week ended August 19.
The RBI has been bolstering its foreign exchange reserves kitty ahead of the FCNR (B) maturities set for September which is expected to cause an outflow of about USD 30 billion.

India to strengthen maritime ties with Tanzanian 29/08/2016 14:43

India to strengthen maritime ties with Tanzanian
29/08/2016 14:43
India today assured Tanzania that it would extend all cooperation to the Tanzanian Navy as the two countries seek to enhance their maritime ties, said an official statement.
"We have been working together with Tanzanian Navy for capacity building. We have assisted them in training and we look forward to taking this relationship forward by coming forth with whatever assistance and help the Tanzanian Navy needs," Navy chief Admiral Sunil Lanba said.
Visiting Tanzanian Navy chief Rear Admiral R S Laswai said both navies have common challenges within the Indian Ocean Rim.
"So since we have common challenges, we need to chart common policy, cooperation and strategy for one vision and one destiny," Rear Admiral Laswai said after inspecting the Guard of Honour on the South Block lawns.

RBI sets rupee reference at 67.1810 against dollar 29/08/2016 14:30


RBI sets rupee reference at 67.1810 against dollar
29/08/2016 14:30
The Reserve Bank of India today fixed the reference rate of the rupee at 67.1810 against the US dollar and 75.1823 for the euro.
These rates were at 67.0299 and 75.7371 respectively, last Friday.
According to an RBI statement, the exchange rates for the pound and the yen against the rupee were quoted at 88.0138 and 65.62 per 100 yens respectively, based on reference rates for the dollar and cross-currency quotes at noon.
The SDR-rupee figure will be based on this rate, the statement added.

RBI strengthens rate markets through structural reforms: Ind-Ra 29/08/2016 14:20

RBI strengthens rate markets through structural reforms: Ind-Ra
29/08/2016 14:20
The Reserve Bank of India’s (RBI’s) measures for the development of the fixed income and currency markets is a step in the right direction and can help broaden the market over the medium- to long-term, says India Ratings & Research (Ind-Ra).
Ind-Ra opined that these initiatives along with the successful implementation of the bankruptcy laws can help broaden the markets, assuming some of the other issues relating to reissuances, stamp duty and asymmetry of information are addressed in the interim.
The agency expects higher rated corporates to directly benefit in the short-term; however the investment guidelines for most investor classes will require changes, to move down the credit curve. Ind-Ra believes that financial institutions will remain the primary source of funding for corporates, particularly stressed corporates. Ind-Ra estimates that the number of borrowers above the threshold of Rs 100 billion debt obligation aggregates 50 - out of which potentially 24 are either stressed or fairly vulnerable.
RBI’s measures include, allowing lenders to issue masala bonds, to accept corporate bonds under the liquidity adjustment facility, higher ceiling on credit enhancements and providing Foreign Portfolio investors (FPIs) direct access to bond trading platforms.
The measures are likely to give a flip to the lower rated category bonds in the long run since unlike in the developed markets, the Indian corporate bond market is characterised by issuances from higher rated corporates both in terms of public and private placements. While in the developed bond markets, the appetite for speculative/non-investment grade bonds remains high and they are issued and traded widely. In the Indian bond market however it is not as easy to place a bond below ‘AA category’.
The increase in the aggregate partial credit enhancement ceiling to 50 per cent from the earlier 20 per cent will help corporates to raise money through bonds, it said.
With the change in the issuance guidelines for masala bonds – allowing banks to raise funds overseas as AT1 and T2 capital, India banks can take advantage of the negative sovereign yield (of most sovereigns) and use this opportunity to tap the international markets. Ind-Ra estimates that ‘Banks need to raise INR710bn through AT1 Bond in FY17-18, assuming credit growth of 8-9 per cent.
Ind-Ra believes, giving direct access to FPI in the trading platform will add more vigor, especially in the shorter end of the curve. However, it will also mean faster transmission of shocks.

FM pitches for task force to help set up arbitral centres in BRICS nations 29/08/2016 14:20

FM pitches for task force to help set up arbitral centres in BRICS nations
29/08/2016 14:20
The Minister for Finance and Corporate Affairs, Arun Jaitley has underlined the need to constitute a Task Force of experts and officials to deliberate on the challenges in international arbitration in the BRICS countries and put in place institutional mechanisms to establish arbitral centres in these nations.
Delivering the valedictory address at the conference on ‘International Arbitration in BRICS – Challenges, Opportunities and Road Ahead’, Jaitley reminded the delegates that in the pursuit of free trade one must not lose the sight of the fact that free trade also means fair trade, which is not detached from local commitments.
To strengthen the arbitration mechanism, the Finance Minister emphasised the need to have lawyers of credibility and said it was necessary to make enforcement of awards largely free from the interference by domestic courts. This, he said, was imperative as many countries fear that the arbitral awards are loaded against the emerging countries.
Jaitley said that the challenges posed by economic slowdown continue to haunt the global economy.
The emerging economies, pre-dominantly the BRICS nations, would have to shoulder the responsibility of driving global growth. Therefore, he said, the BRICS nations would have to evolve and put forth a common agenda for growth and the key is to develop local capabilities to deal with the challenges that lie ahead.

India, US set to sign key logistics pact 29/08/2016 11:21

India, US set to sign key logistics pact
29/08/2016 11:21
India and the US are set to sign a key logistics agreement this week which will enable both militaries to use each other's assets and bases for repair and replenishment of supplies. Defence Minister Manohar Parrikar, who has left for the US on his second visit in eight months, will meet his American counterpart Defence Secretary Ashton Carter and carry forward talks on jet engine technology and unmanned aerial vehicles (UAVs), said the media report. Parrikar is scheduled to meet Carter tomorrow after which he will also visit the air force base at Langley besides going to the Boeing facility in Philadelphia. One of the key takeaways from the visit would be signing of the agreement called the 'Logistics Exchange Memorandum of Agreement'. The agreement was announced during Carter's visit to India in April this year. The move will allow both countries to use each other's bases as well as assets for replenishment of supplies and refuelling. However, it will not allow stationing of troops in each other's bases. Parrikar is also likely to push for the Predator UAVs.

FPIs remain bullish, inject Rs 8,000-cr in equities in Aug 29/08/2016 11:17

FPIs remain bullish, inject Rs 8,000-cr in equities in Aug
29/08/2016 11:17
Building on their buying momentum, foreign investors have pumped in over Rs 8,000 crore in Indian stock markets so far this month, driven by global and domestic factors, said the media report. It follows a four-month high inflow of Rs 12,612 crore in the preceding month, the highest since March when FPIs had pumped in Rs 21,143 crore into the stocks. Indian equities have been witnessing positive inflows from foreign investors since March. Foreign portfolio investors (FPIs) turned net buyers in March after pulling out a massive Rs 41,661 crore from the market in previous four months (November-February). Experts attributed the latest inflow to rate cut by Bank of England (BoE) and the passage of long-pending Goods and Services Tax (GST) Bill. Market sentiment was boosted after the long-stalled indirect tax reform GST Constitution Amendment Bill was passed in both the houses of the Parliament earlier this month. The BoE had cut its key interest rate by 25 basis points to 0.25 per cent early this month, its first reduction since 2009, and also started a fresh round of "quantitative easing" that had been on the pause since 2012. According to depositors' data, net investment by FPIs stood at Rs 8,127 crore in equities on August 1-25. However, they pulled out Rs 2,727 crore from the debt market, taking the total inflow to Rs 5,400 crore. So far this year, FPIs have invested Rs 39,905 crore in equities while withdrawing Rs 7,450 crore from the debt market. This resulted in a net flow of Rs 32,455 crore.

Govt working to provide farm loans in timely manner: Agri Min 29/08/2016 11:08

Govt working to provide farm loans in timely manner: Agri Min
29/08/2016 11:08
The Centre is working to provide agriculture loans to farmers in a timely manner, Agriculture Minister Radha Mohan Singh said. NABARD is creating groups of farmers and agriculture producers to provide them cheap loans from banks and till March-end, 2,424 producer groups were set up, he said. "The central government is working expeditiously to provide agriculture loans to farmers according to their needs and in a timely manner," Singh said at the annual conference of the Kota Co-operative Societies Ltd. Singh said there is imbalance in the availability of credit to the agriculture sector and amongst small and big farmers. He said the Centre has taken concrete steps to strengthen cooperatives so that they are economically viable and have active participation of their members, to make them dynamic democratic organisations. For development of the rural economy and to increase employment opportunities in the agriculture, cooperatives have an important role to play, he added.

Sebi eases restrictions on 201 entities: Reports 29/08/2016 09:48


Sebi eases restrictions on 201 entities: Reports
29/08/2016 09:48
Sebi has said that it has eased restrictions on 201 entities against whom it had taken action in two different cases of alleged misuse of stock market platform for tax evasion and suspected money-laundering activities. Commenting on the issue, a Sebi Official said, “The entities, which were barred from the securities market in two different cases, have now been given certain relaxations, including permission to deal in government securities and invest in ETF (exchange-traded funds).” “Besides, they can enter into delivery-based transactions in cash segment in NSE Nifty 500 index as well as S&P BSE 500 shares and subscribe to mutual funds. Among others, these entities can tender shares lying in their demat account in any open offer/delisting under the relevant Sebi regulations,” he added. As per the latest orders, the entities for whom relaxations have been extended can sell the securities lying in their demat accounts as on the date of interim orders. This will exclude shares of the companies which are suspended from trading by stock exchanges concerned.

FM asks Banks to present status report on salary hike 29/08/2016 09:47


FM asks Banks to present status report on salary hike
29/08/2016 09:47
The Finance Ministry has said that it has asked the lenders to present status report on salary hike talks with their employee unions. As per reports, in January, the PSBs were asked to initiate the process of negotiations with the employees and conclude it prior to the effective date of November 1, 2017. As per reports, the communication to PSBs regarding wages comes in the backdrop of banks union threatening to join the strike called by trade unions on September 2 to protest against what they call anti-people policies of the government. The wage revision of public sector bank employees has been due since November 2012. In the last wage negotiation between PSU banks employee unions and bank management, Indian Banks' Association (IBA) had settled at 15 per cent hike. There are 27 public sector banks in the country with a combined employee strength of about eight lakh. There are about 50,000 branches of these banks across the country.

Govt may advance Parl session to get GST laws approved 29/08/2016 00:50


Govt may advance Parl session to get GST laws approved
29/08/2016 00:50
The government is likely to advance Winter Session of Parliament by a fortnight to get supporting legislations passed and leaving the sufficient time for implementation of new indirect tax regime, as per the media reports. The Winter Session of Parliament is normally convened in the 3rd or 4th week of November but this year the government is looking at beginning the month-long session immediately after the end of festive season, said the PTI report. Further, an early Winter Session would help in getting the Central GST (CGST) and Integrated GST (IGST) legislations, that will paved the way for the Goods and Services Tax (GST), to be approved within November or latest by early December, government officials said, quoted PTI. The 2 are supporting legislations to the Constitutional Amendment Bill approved in the Monsoon Session of Parliament. Requiring ratification by half of the 31 states for it to become a law, the Constitution Amendment Bill has already been ratified by 8 state assemblies including Assam, Bihar, Chhattisgarh, Jharkhand, Himachal Pradesh, Gujarat, Delhi and Madhya Pradesh. Maharashtra and Haryana are likely to follow suit soon and the requisite nos may be in place by September, an official said. Government is of the view that once half of the state legislatures approve the new national sales tax regime, the GST Council - comprising Union finance minister and state finance ministers, can be nudged to quickly approve the tax rate, slabs and exemptions for it to be incorporated in the supporting legislations.

Banks not fully supporting SMEs: Minister 29/08/2016 09:49


Banks not fully supporting SMEs: Minister
29/08/2016 09:49
Union Minister Nirmala Sitharaman has said that banks do not fully understand the problems faced by small and medium enterprises, whose performance has been hit by the high interest rate regime. The Commerce and Industry Minister had last week pitched for a 2 per cent cut in interest rate by the Reserve Bank to help the cash-starved MSME sector. Commenting on the issue, Union Minister Nirmala Sitharaman told the media, "I still hold that the cost of credit in India is high. Undoubtedly, particularly MSMEs, which creates a lot of jobs contribute to exports... are all hard pressed for money and for them, approaching a bank is no solution because of the prevailing rate of interest. I have no hesitation to say, yes 200 basis points, I would strongly recommend." RBI, which has maintained key interest rate at 6.5 per cent since April this year citing inflationary concerns, is scheduled to hold its next policy review on October 4.

Sebi considers relaxed norms for REITs, InvITs, startups 29/08/2016 00:06

Sebi considers relaxed norms for REITs, InvITs, startups
29/08/2016 00:06
In order to make domestic capital markets more attractive, the Securities and Exchange Board of India (Sebi) has lined up wide-ranging relaxations to its norms for REITs, InvITs and startups, as per the media reports. Various attempts are being made to garner due attention from business houses in India but all the efforts failed leading to Sebi reconsidering the proposal to give further relaxations, said the PTI report. Regulator Sebi will consider these regulations in its board meeting next month, according to sources quoted PTI. Further, a consultation process is already underway for making InvITs (Infrastructure Investment Trusts), REITs (Real Estate Investment Trusts) Regulations and to review the framework for Institutional Trading Platform (ITP) for startups, added the media reports. Sebi had notified the REIT and InvIT Regulations in 2014, allowing setting up & listing of such Trusts, which are popular in some advanced markets, said the reports. However, no single Trust has been set up as yet as investors wanted further measures, including tax breaks, to make these instruments more attractive. While the government provided for certain tax benefits in Budget this year, Sebi has now decided to further relax the rules. It’s board is expected to consider an easy set of norms on REITs and InvITs. It may allow the REITs and InvITs to have up to 5 sponsors, as against the present norm for maximum 3. AS per the proposal for REITs, the regulator would allow up to 20 per cent investment by such trusts in under-construction projects, up from a maximum of 10 per cent allowed presently. Besides, relaxations would be made to provisions relating to compliance of minimum public holding norms, as also for investments by the associate entities of the trustees. The regulator also proposed to rationalise the requirements under the Related Party Transactions, under which 60 per cent unitholders approval apart from related parties, is required for passing a related party transaction. Further, 75 per cent unitholders approval is required, apart from related parties, for passing special resolutions such as change in investment manager, investment strategy and delisting of units. As per the proposal for InvITs, Sebi may allow such trusts to invest in 2-level SPV (special purpose vehicle). It also plans to remove restriction on SPV to invest in other SPVs, thus allowing InvIT to invest in a holding company which subsequently holds stake in SPVs, added the media reports. Presently, InvIT holds a controlling stake in SPVs that do not invest in other SPVs.

8-10% growth a must for India: Singapore 29/08/2016 00:04

8-10% growth a must for India: Singapore
29/08/2016 00:04
Singapore deputy PM Tharman Shanmugaratnam has said that a growth rate of 8-10 per cent was not a luxury but a necessity for India as it was engaged in a race against demographics that made creation of jobs in an inclusive framework for millions a matter of absolute urgency. Commenting on the issue, Singapore deputy PM Tharman Shanmugaratnam told the media, "India has the largest unfulfilled potential of any country I know in the world and it needs urgency to achieve that." "This potential is fully within reach. But it cannot be achieved with current day policies. It requires, as PM Narendra Modi just said, rapid transformation not gradual evolution.” "Put globally, India over-intervened in its economy and under-invested in social and human capital. It has overreached itself in regulating its economy. To achieve its full potential, it will therefore have to do less in some area and have to do a lot more in other areas," he said.

Coal imports drop 11% to 18 MT in July 29/08/2016 00:02


Coal imports drop 11% to 18 MT in July
29/08/2016 00:02
Coal imports in July fell by 11.1 per cent to 18.03 million tonnes (MT) weighed down by higher domestic availability of fossil fuel, as per the media reports. It was at 20.29 MT during the same month previous fiscal, according to mjunction services, an online procurement and sales platform jointly floated by SAIL and Tata Steel. Commenting on the development, mjunction, CEO and MD, Viresh Oberoi said, quoted PTI that, “The decline in July imports this year against (the same month) last year can be attributed to no. of factors, including monsoon, when imports generally come down.” Oberoi further added that, “In addition, firmness in international coal prices since beginning of June and higher availability of domestic coal also impacted imports.” Further, with many imported coal-based load power plants operating at lower utilisation, the overall volume of imports is likely to remain flat. Out of the 18.03 MT of imported coal, non-coking coal was highest at 12.39 MT, coking coal was at 3.76 MT, pet coke at 1.05 MT, among others. Coal imports in June, however, had gone up by 20.19 MT as compared to 19.63 MT in the same month of 2015. Earlier, government said that coal imports will further come down in the ongoing fiscal on account of increased domestic output.

India Inc’s borrowings fall 44% in July: Reports 29/08/2016 00:02

India Inc’s borrowings fall 44% in July: Reports
29/08/2016 00:02
According to a data released by the RBI, India Inc's overseas borrowings fell by 44 per cent to USD 1.2 billion in July this year as against USD 2.14 billion in the same period a year ago. The Indian firms raised USD 183.7 million via approval route while rest USD 1.02 billion was raised by way of automatic channel, showed Reserve Bank's data released today. Under the approval route, Tikona Digital Networks raised USD 171 million for import of capital goods, while Vijayawada Tollway raised USD 11.07 million for road related works. As per reports, among major borrowers using the automatic route to raise money were HDFC (USD 446.38 million) for on-lending, Glenmark Pharmaceuticals (USD 200 million) for overseas acquisition and Adani Transmission USD 74.40 million for refinancing of rupee loans. Birla Corporation raised USD 40 million for refinancing of earlier ECB, while Siemens Financial Services raised USD 37.20 million for on-lending, via automatic route.

எனக்கான முதல்படி, ஜெகதீஷ் சார்தா, வென்ஃபீல்டு ஷர்ட்ஸ்

எனக்கான முதல்படி, ஜெகதீஷ் சார்தா, வென்ஃபீல்டு ஷர்ட்ஸ்




''ராஜஸ்தானில் இருக்கும் ஜெய்சல்மீர்தான் என் சொந்த ஊர். வேலை தேடி சென்னைக்கு வந்த எனது அண்ணன் துணிக்கடை ஒன்றில் சேல்ஸ்மேனாக வேலைக்குச் சேர்ந்தார். அடுத்ததாக குடும்பக் கஷ்டம் காரணமாக நானும் சென்னைக்கே வந்துவிட்டேன். கல்லூரிப் படிப்பு வரை இங்கேதான் படித்தேன்.


படிப்பு முடிந்ததும் நானும் ஒரு துணிக் கடையில் சேல்ஸ்மேனாக வேலைக்குச் சேர்ந்துவிட்டேன். அப்படி சேல்ஸ்மேனாக வேலை பார்த்து சம்பாதித்தத் தொகையை சிறுகச் சிறுக சேர்த்து நண்பர்கள் உதவியுடன், சென்னை எக்மோரில் சின்ன அளவில் ஒரு ரெடிமேட் கடை திறந்தேன். இந்த கடைதான் என் வாழ்க்கையின் எல்லா வெற்றிகளுக்கும் முதல்படி.
கடையில் எல்லா வேலைகளையும் நான் ஒரே ஆள்தான் செய்வேன். கடை பூட்டிய பிறகு யாராவது வந்து நின்றாலும் திரும்ப திறந்து அந்த வியாபாரத்தை முடித்துவிட்டுதான் கடையைப் பூட்டுவேன். விரைவில் அடுத்தக் கட்டமாக மொத்த வியாபாரம் செய்யத் தொடங்கினேன். வாடிக்கையாளர்களை சரியாக கவனிப்பது எப்படி என சேல்ஸ்மேன் டிரெயினிங் கோர்ஸ் படித்தேன். அடுத்த கட்டமாக எனது தொழில் அனுபவம் கொடுத்த தைரியத்தில் ரெடிமேட் சட்டைகள் பக்கம் கவனம் செலுத்தத் தொடங்கினேன்.
ரெடிமேட் துணி வியாபாரம் பெரிய அளவில் வளராத காலகட்டம் அது. ஆனாலும், தைரியமாக இறங்கி தரமான முறையில் ஆடைகளை தயார் செய்துதரத் தொடங்கினேன். எந்த ஏரியாவில் என்ன சட்டையை விரும்புவார்கள், எந்த வயது பிரிவினர் எந்த மாடலை விரும்புவார்கள் என பல ஊர்களுக்கும் மார்க்கெட் சர்வே நடத்த அலைந்திருக்கிறேன். எல்லாத் துணிகளையும் விற்பனை செய்தாலும் ஆண்களுக்கான சட்டைகள் மட்டும் வேகவேகமாக விற்பனையானதால், தொடர்ந்து அதில் தனிக்கவனம் செலுத்தத் தொடங்கினேன். எங்களுக்கான பிராண்ட் மதிப்பு உருவாகத் தொடங்கியது.
நமது துணிகளை இந்தியா முழுவதும் மக்கள் விரும்பி வாங்க வேண்டும் என்கிற எண்ணம் ஓடிக்கொண்டே இருந்ததால் மும்பையில் ஒரு கடையைத் திறந்தேன். அங்கு நல்ல வரவேற்பு இருந்ததால் அடுத்ததாக டெல்லி, கொல்கத்தா என ஷோரூம்களைத் தொடங்கினோம். இன்று வெளிநாடுகளிலும் எங்களது ஆடைகளை விரும்பி வாங்கும் அளவுக்கு வளர்ந்திருக்கிறோம். தையல்காரரிடம் தைத்த திருப்தி, ஃபினிஷிங், குறைந்த விலை என இளைய தலைமுறையின் ரசனைக்கு ஏற்ப உடைகளைக் கொடுத்தது எனது நிறுவனத்தின் வளர்ச்சிக்கு அடித்தளமாக அமைந்தது.''

பெயர்கள் கொடுத்த உற்சாகம். எம்.ஜே.பிராதாப் சிங் - ஈகிள் டைரி

 பெயர்கள் கொடுத்த உற்சாகம். எம்.ஜே.பிராதாப் சிங் - ஈகிள் டைரி



''சின்ன அளவில் ஒரு பிரின்டிங் பிரஸ் வைத்திருந்தேன். ஏற்கெனவே செய்துதந்த வேலைகளுக்குப் பணம் சரியாக வராமல் தொழில் முடங்கி விடக்கூடிய நிலைமை ஏற்பட்டது. அப்போதுதான் நமக்கென்று சொந்தமாக ஒரு புராடக்ட் இருந்தால் ஜெயிக்கலாம் என்ற சிந்தனை எனக்குள் உருவானது.

அட்வகேட் டைரி தயாரிக்கலாம் என்று நண்பர்கள் யோசனை சொன்னார்கள். அந்த புத்தாண்டில் எனக்குத் தெரிந்தவர்களுக்கு அன்பளிப்பு கொடுப்பதற்காக டைரிகளை வாங்கி அதில் அந்த நண்பர்களின் பெயரை அச்சடித்துக் கொடுத்தேன். டைரியில் தங்களது பெயர்களைப் பார்த்த நண்பர்களுக்கு ஒரே மகிழ்ச்சி. அதேபோல எங்களுக்கும் செய்து கொடுங்கள் என்று பலரும் கேட்டனர். இதனால் நானும் உற்சாகமாகி, இந்த தொழிலில் முழுமையாக இறங்கினேன்.

பிறகு சொந்தமாகவே டைரி தயாரிக்கத் திட்டமிட்டேன். அப்போது சந்தையில் கிடைத்த டைரிகளை வகைக்கு ஒன்றாக வாங்கி, வந்து டிசைன் பார்த்து, அவற்றிலிருந்து சிலவற்றை மேம்படுத்தி எனது பிரின்டிங் பிரஸில் புதுமையாகத் தயாரித்தேன். அடுத்தடுத்த வருடங்களில் இரண்டு, மூன்று மாடல்களில் டைரியை தயாரித்துத் தரும் அளவுக்கு நல்ல வரவேற்பு கிடைத்தது. ஒவ்வொரு நிறுவனமாக ஏறி இறங்கி, நானே ஆர்டர் பிடித்து வருவேன். விடிய விடிய ஆட்களோடு உடனிருந்து பிரின்டிங் வேலைகளைப் பார்ப்பேன்.

தரமான பேப்பர், குறைந்த விலை, புதுமையான மாடல் என்பதுதான் எனது நோக்கமாக இருந்தது. பிரின்டிங், பைண்டிங் என ஒவ்வொரு தொழில்நுட்பமும் மாறமாற அதை கற்றுக்கொள்வதற்கு சளைத்ததேயில்லை. பிரின்டிங் தொடர்பான எந்த கண்காட்சி என்றாலும் உடனே ஆஜராகிவிடுவேன். இதற்காக வெளிநாடுகளுக்குகூட போனேன். எனது ஈகிள் டைரி இந்தியா முழுவதும் பிரபலமான ஒரு பிராண்டாக வளர்வதற்கு எனது கடுமையான உழைப்பும், நம்பிக்கையுமே காரணம்.

ஒரே ஒரு மெஷினோடு வாழ்க்கையைத் தொடங்கிய நான், இன்று நவீன எந்திரங்களைக் கொண்டு மணிக்கு மூவாயிரம் டைரிகள் தயாரிக்கும் அளவுக்கு வளர்ந்திருக்கிறேன்; இன்னும் வளர்வேன்!''

என்னை மாற்றிய ஐ.ஐ.எம். வாசிமலை, தானம் அறக்கட்டளை

திருப்புமுனை! - என்னை மாற்றிய ஐ.ஐ.எம். வாசிமலை, தானம் அறக்கட்டளை



''வீட்டில் இருந்த கண்டிப்பும் ஒழுங்கும் சின்ன வயதிலிருந்தே என்னை பக்குவப்படுத்தியது. நிறைய பணம் சம்பாதிக்க வேண்டும், சொத்து சேர்க்க வேண்டும் என்கிற பெரிய ஆசையெல்லாம் கிடையாது. விவசாயம் படித்துவிட்டு மேற்கொண்டு படிக்க ஐ.ஐ.எம்.-ல் சேர்ந்தேன். அங்கு நம்மை பற்றி சுயமதிப்பீடு செய்யும் சில பாடங்கள் இருந்தது. அந்த பாடங்களைப் படித்தபோது நான் யார், அடுத்து என்ன செய்யப் போகிறேன்? என்பது போன்ற கேள்விகள் எழுந்தது. நம்மால் நான்கு பேர் பயனடையக்கூடிய செயல்களைச் செய்ய வேண்டும் என்கிற எண்ணம் ஏற்பட்டது. அதுதான் என் வாழ்க்கையின் திருப்புமுனை.


அப்போது சிறப்பாகச் செயல்பட்டுவந்த ஒரு தன்னார்வ நிறுவனத்தில் சேர்ந்து பணியாற்றினேன். அங்கு தன்னார்வப் பணியாளர்களுக்குப் பயிற்சி அளிப்பதுதான் எனது பணி. அந்த நிறுவனத்தின் தமிழக திட்ட ஒருங்கிணைப்பாளராகவும் நான் செயல்பட்டேன். கிராமம் கிராமமாகச் சென்றதினால் பல்வேறு பகுதி மக்களுடைய அனுபவம், வாழ்க்கைமுறை, அவர்களுடைய தேவைகளை அறிந்துகொள்ள முடிந்தது.
இந்த அனுபவத்தின் உந்துதலால்தான் என்னைப் போல தன்னார்வ வாழ்க்கையை விரும்பிய சிலரோடு சேர்ந்து மதுரையில் தானம் அறக்கட்டளையைத் தொடங்கினோம். இந்த அறக்கட்டளை மூலம் களஞ்சியம் என்ற மகளிர் சுயஉதவி குழுவை ஆரம்பித்து வெற்றிகரமாக நடத்தினோம். களஞ்சியம் அமைப்பு இப்போது பன்னிரண்டு மாநிலங்களில் முன்னூற்றுக்கும் மேற்பட்ட ஒருங்கிணைப்பு குழுக்களைக்கொண்டு இயங்கி வருகிறது.
அடுத்ததாக கிராமப்புற நீர்நிலைகளை மேம்படுத்தும் நோக்கில் வயலகம் என்கிற அமைப்பைச் செயல்படுத்தத் தொடங்கினோம். முறையான நிர்வாக அமைப்பு, மேலாண்மை வழிகாட்டலோடு இணைந்த மேம்பாட்டு திட்டங்கள்தான் எங்களது நோக்கமாக இருந்தது. எங்களது அடுத்தகட்ட முயற்சியாக சுகம் என்கிற பெயரில் மக்கள் மருத்துவமனையை மதுரையில் செயல்படுத்தி வருகிறோம்.
தன்னிறைவு பெற்ற சமுதாயத்தை உருவாக்க நமக்கு நாமே உதவிக்கொள்வோம் என்கிற எங்களது முயற்சி உலகம் முழுக்கப் போய் சேரவேண்டும் என்பதே எனது ஆசை.''

தேடல், தேவை, வெற்றி! ஜி.எஸ்.கே.வேலு. ட்ரிவிட்ரான் ஹெல்த்கேர்.

தேடல், தேவை, வெற்றி! ஜி.எஸ்.கே.வேலு. ட்ரிவிட்ரான் ஹெல்த்கேர்.


'நடுத்தர வசதி கொண்ட குடும்பத்தில்தான் பிறந்தேன். அப்பா ஆரல்வாய்மொழியில் நூலகராகப் பணியாற்றினார். எனக்கு மருத்துவராக வேண்டும் என்பது ஆசை. ஆனால், அதற்கான வாய்ப்பு எனக்கு கிடைக்கவில்லை. மருத்துவத் துறை சார்ந்த படிப்பையாவது படிக்க வேண்டும் என நினைத்து, 'பார்மஸி அண்ட் பயோமெடிக்கல்’ என்ற படிப்பை டெல்லிக்குச் சென்று படித்தேன். அதற்கான பயிற்சிக்காக சென்னை புற்றுநோய் மருத்துவமனைக்கு வந்தேன். அப்போதுதான் மருத்துவத் துறையில் நவீன கருவிகளின் தேவை, பயன்பாடு போன்றவற்றை நுட்பமாகப் புரிந்துகொள்ள முடிந்தது.


நவீன மருத்துவ வசதிகளுக்காக மிகுதியான மக்கள் சென்னைக்கு வருவதை உணர்ந்து கொண்டேன். எனவே, இதையே தொழிலாகவும், சேவையாகவும் செய்ய வேண்டும் என்று முடிவெடுத்தேன். நவீன மருத்துவ கருவிகளை இறக்குமதி செய்து விற்பனை செய்யத் திட்டமிட்டேன். இதற்கான அனுபவத்தைப் பெற மருத்துவக் கருவிகளை இறக்குமதி செய்து விநியோகம் செய்யும் ஒரு நிறுவனத்தில் வேலைக்குச் சேர்ந்தேன். அதற்குப் பிறகு மருத்துவக் கருவிகளைத் தயாரிக்கும் நிறுவனம் ஒன்றில் ஏழு ஆண்டுகள் பணியாற்றி இத்தொழிலைக் குறித்த விவரங்களை தெளிவாக அறிந்து கொண்டேன். அதன்பிறகே தனியாக நிறுவனத்தைத் தொடங்கினேன்.
எனது இலக்கு மாநகரங்களைத் தாண்டி இரண்டாம் நிலை நகரங்களில் உள்ள மருத்துவமனைகளாகத்தான் இருந்தது. அவர்களுக்கு நவீன மருத்துவக் கருவிகள் குறித்த தேவையை உணர்த்தினேன். விற்பனைக்குப் பிறகான சேவையை வெளிநாட்டு நிறுவனங்கள் தந்ததைவிட துரிதமாகவும், தரமாகவும் தந்தேன். அடுத்த சில ஆண்டுகளில் நான் ஒப்பந்தம் செய்துவைத்திருந்த சில நிறுவனங்கள் விலகியதால் ஒரு திடீர் நெருக்கடியைச் சந்திக்க நேர்ந்தது. ஆனாலும், அதையே உந்துசக்தியாகக் கொண்டு சொந்தமாக கருவிகளைத் தயாரிக்கத் தொடங்கினேன். படிப்படியான வளர்ச்சியால் இப்போது மருத்துவக் கருவிகள் உற்பத்தி மற்றும் விற்பனையில் இந்திய நிறுவனங்களில் முதலிடத்தில் இருக்கிறோம்; வெளிநாட்டு நிறுவனங்களோடு ஒப்பிடுகையில் நான்காவது இடத்தைப் பிடித்திருக்கிறோம்.
நவீன மருத்துவக் கருவிகளின் பயன்பாடு நமது கிராமப்புறங்களுக்கும் செல்ல வேண்டும் என்பதுதான் என் ஆசை. விரைவில் அந்த இலக்கை எட்டிப் பிடிப்பேன்!''

புதுமை தந்த வெற்றிக் கனி! நடராஜன், கோவை பழமுதிர் நிலையம்.

புதுமை தந்த வெற்றிக் கனி! நடராஜன், கோவை பழமுதிர் நிலையம்.



''குடும்பச் சூழல் காரணமாக சிறு வயதிலிருந்தே பட்டறை, மில் என பல இடங்களில் வேலை பார்த்திருக்கிறேன். அப்படியான பணி பயணத்தில் ஒரு அத்தியாயம்தான், பழ வியாபாரம். ஆனால், காலப்போக்கில் இந்த தொழிலே நிலைத்து நின்றுவிட்டது. தலைச்சுமையாக, தள்ளுவண்டியில், தரைக்கடையாக மிகப் பெரிய உழைப்பைச் செலுத்திதான் வளர்ந்தேன்.அதிக ரிஸ்க் கொண்டது பழ வியாபாரம். இந்த தொழிலில் விற்பனையில்லை என்றால் பொருளும் மிஞ்சாது, போட்ட முதலீடும் மிஞ்சாது. பழ வியாபாரத்தில் உள்ள ரிஸ்க்குகளைக் குறைக்க வேண்டும்;  மக்களும் விரும்பி வாங்க வேண்டும் என்று யோசித்து நவீன முறைக்கு மாறினேன்.

வாடிக்கையாளர்களுக்கு அதிக வசதிகள் தருவதுகூட ஒரு வகையில் ரிஸ்க்தான். விலை அதிகமாக இருக்கும் என்று கடைக்குள் நுழைய மாட்டார்கள். ஆனால், சராசரியான விலையிலேயே தரமான பழங்கள் என்று நான் தரத் தொடங்கினேன். கோவையில் தொடங்கிய கடை வியாபாரம் நல்லபடியாக இருந்தது. அடுத்து, திருப்பூரில் இதே பாணியில் ஒரு கிளை தொடங்கினேன். அங்கும் மக்களின் ஆதரவு நன்றாக இருக்கவே, அடுத்ததாக சென்னையில் ஒரு கிளை தொடங்க திட்டமிட்டேன்.

சென்னையில் தொடங்கும் முன்பு கோயம்பேடு மார்க்கெட்டுக்குச் சென்று வாடிக்கையாளர்களுக்கு ஏற்படும் குறைபாடுகளை உன்னிப்பாக கவனித்தேன். பழம் காய்கறி வாங்குவதுகூட ஒரு இனிமையான ஷாப்பிங் அனுபவமாக மாற வேண்டும் என அடுத்தடுத்து தொடங்கிய எல்லா கிளைகளிலும் குளிர்சாதன வசதி, வாடிக்கையாளர்களே தேர்ந்தெடுக்கும் வசதி என பழ வியாபாரத்தை ஹைடெக்காக மாற்றினேன்.

இப்போது தமிழ்நாட்டில் நாற்பது இடங்களில் கிளைகள் உள்ளது. அடுத்ததாக, கேரளாவில் தொடங்க இருக்கிறோம். 2006-ல் எனது மகன் செந்தில் இந்த தொழிலுக்கு வந்தபிறகு, வெளிநாடுகளிலிருந்து பழங்கள் இறக்குமதி செய்யும் பணிகளில் கூடுதல் கவனம் செலுத்தினோம்.

இப்போது நாளன்றுக்கு 200 டன்கள் விற்பனையாகும் அளவுக்கு வளர்ந்திருக்கிறோம். மக்களின் தேவையை அறிந்து, அவர்கள் விருப்பங்களை நிறைவேற்ற சிரத்தை எடுத்துக்கொண்டால் நிச்சயம் ஜெயிக்கலாம் என்பது என் அனுபவம்.''