Wed 22 Apr 2009, 12:49 PM | Posted by admin
Tags: Business, Industry, Stock
The FT Article states: "State Street, a leading custodian bank which tracks equity flows closely"...thinks... “Institutional investors are backing this rally,” says the trust bank in its latest research. “The belle of the ball is the US,” it notes, highlighting the fact that the US institutional equity inflows that it measures are near their highest levels in 12 years.
Brad Durham, managing director at Emerging Portfolio Fund Research, says that since March 11, there has been an inflow of $3bn into US equity funds, excluding exchange-traded funds.
"With official interest rates set by central banks near zero in many countries, long-term investors fear there is a penalty for staying in cash and not investing in either equities or high quality corporate bonds. “We believe that investor excessive liquidity is playing a role,” say equity analysts at JPMorgan. "
Amid evidence that hedge fund redemptions are slowing, the bank says some funds “are deploying the sizeable cash cushions amassed in the past six months”.
The Financial Times goes on conclude by quoting its favored source: "Equity bulls argue that stocks should rally well ahead of the broad economy bottoming, as the market prices in a recovery.
For his part, Mr Niederauer cautions that trading volumes have not risen above levels that would indicate that investors had regained confidence in market fundamentals. “I think we’re waiting for another rally, in my opinion, in around June and July,” he said.
Meanwhile, flows into US equities are also facing competition, according to State Street. It says flows into emerging markets are running at their highest level since June 2007. Since hitting lows in early March, stocks in Brazil have risen 26 per cent, China has rallied 21 per cent, while Russia has surged 44 per cent.
State Street is quoted: “The cross-border equity flows of institutional investors suggest they are convinced that the US, UK and emerging markets will recover faster from the economic slump than the euro area.”
Sat 18 Apr 2009, 16:30 PM | Posted by admin
Tags: Business, Industry, News
We would like to bring to your kind notice that, Income Tax Return Forms are notified for Assessment Year 2009-10. Department is expected to publish the notification and forms in their website shortly.There is an addition of field in TDS schedule for all the forms, where it asks UTN for every record. No other major changes found in the form till now. Surprisingly, the Unique Transaction Number [UTN] is expected for deductions on or after April 1, 2009. But Providing in last year return is still a question. In respect of UTN, the forms says: In order to enable the Income Tax Department to provide accurate, quicker and full credit for taxes deducted at source, the taxpayer must ensure to quote the Unique Transaction Number (UTN) in respect of every TDS transaction. In general the UTN would be printed on the TDS certificate issued by the deductor. However, in case it is not available on the certificate, the taxpayer should separately obtain the UTN either from the deductor or from the website of National Securities Depository Limited (NSDL) at http://www.tin-nsdl.com. Income Tax Department is yet to give the more information on this.
Thu 9 Apr 2009, 12:52 PM | Posted by Charles E. Carlson
Tags: Business, Industry, News
Thou shall not lend upon usury to thy brother; usury of money, usury of victuals, usury of anything that is lent upon usury. Unto a stranger thou may lend upon usury. Deuteronomy 20:19
Lloyd Blankfein, president of Goldman Sachs, spoke Tuesday to the Council of Institutional Investors, a group representing public, corporate and union pension funds, with an estimated $3 trillion in assets.
According to RTTNews, “Much of the past year has been deeply humbling for my industry," Blankfein said, acknowledging it could take years to rebuild the investor confidence lost in the crisis caused partly by industry practices that appear "self-serving and greedy in hindsight.”
The story repeats the rumor that Goldman Sachs hopes to return its $10 billion investment from the government under the financial bailout program as soon as possible.
Goldman’s stock responded by going up again to $120.00 per share, or about $55 billion in total equity. What would the public do if it knew the company has received as much as $44 billion directly from the taxpayers?
Blankfein is pleading guilty to illegal parking in front of the Treasury building, when in fact, he committed grand theft! President Blankfein’s contrite admission of greed is a giant lie of omission. Additionally, his associates have just pocketed massive bonuses that had to come from the bailout funds.
Numerous reports have traced how much bailout money Goldman has received, and it’s a lot more than $10 billion. “Goldman Sachs, Welfare Queen, Wall Street's most storied firm is surviving on taxpayer dollars” by Daniel Gross, carefully itemizes $22.9 billion mainlined into Goldman’s artery, plus taxpayer guarantees of bonds it sold to the public in the amount of some $21 billion. That alone adds up to 43.9 billion dollars that Goldman would not have but for us, the consumers and taxpayers! (1) (http://www.financialpost.com/executive/story.html?id=1422135)
Author Daniel Gross concludes: “People sometimes refer to the firm as Government Sachs because so many of its former employees wind up in high positions in Washington (Robert Rubin, Henry Paulson, etc.). But the sobriquet sticks today because the company is heavily reliant on the government for support. Tally up the various forms of direct and indirect taxpayer assistance Goldman has received in the last several months, and it turns out that you and I are providing billions of dollars to bail out the proud firm. The former undisputed heavyweight champion of the financial services sector has become one of New York's biggest welfare queens.”
There is probably more there to be uncovered. The Federal Reserve System has surreptitiously pumped an estimated $3 trillion into banks and unknown governments, without disclosing to us or to Congress. The Federal Reserve admits they did it but will not disclose who got the money!
The most persistent monitor of Goldman’s heists is Bloomberg.com, which even tried a freedom of information suit to learn who the FED is mainlining. To Bloomberg's credit, it has published one documented story after another. All lead to the conclusion that what Goldman Sachs is reported to have carried home in cash is only the tip of the iceberg.
Investors have lost much more due to gross misrepresentation of derivative products. Goldman packaged and peddled derivatives to individuals, pension funds, and institutional investors. Some have become “toxic.” Congress and the Treasury are probably shielding Goldman from private lawsuits. No one knows how many billions, perhaps even trillions, of dollars of liability should fall on the Goldman gang from defrauded investors.
Only this week the city of Kenosha, Wisconsin disclosed on the evening news a heartrending account of its teachers’ retirement fund, 95% of which was lost when it bought broker guaranteed income investment from a well-known Wall Street firm, now toxic derivatives created in a Wall Street bank.
Goldman is well documented to be deeply involved in similar high loss deals with defunct American International Groups… losers for the investors while Goldman Sachs profited and secretly bailed out of its own losses.
Bloomberg has also told us that Goldman is now “eyeing” the toxic assets portfolio the Treasury has just purchased from banks. It seems Goldman and others may be allowed to buy them back for a fraction of the cost, dipping in for a third or fourth time, and grinding out new derivatives to give its customers to replace the old fraudulent ones.
Mr. Obama can get our money back from Goldman and give it to us! He set a precedent by firing the President of GM; what I suggest is also within his newfound powers.
In order to recapture Goldman’s pilfered debt for the taxpayer/consumer, Mr. Obama can order Goldman to pay back every cent right now, or else issue nine shares of Goldman Sachs stock to each of the 112 million heads of American families who file tax returns--a total of about 100 million shares. Every holder could choose to sell or hold his shares, signed by the slippery Mr. Blankfein. Further, if the US Government continues helping Goldman get even more rich, the taxpayers would be participants from the start, at least in theory. The more bailouts to Goldman the more dollars for grass roots America! Mr Obama should love it!
As with GM, so also with Goldman
The president (the Romans would call him "the oligarch”) should take a proxy to vote all the new Goldman shares into a temporary Presidential Office of Confiscated Businesses (yes, call it what it is). Voting control over Goldman would thus be immediately vested in the President of the United States. Mr. Blankfein and his fellow executives could live a long time on their 2008 bonuses!
I hope you know your author is not joking. Our government has permitted usurious banks to become more powerful than the auto industry, farming, or all manufacturing combined. Goldman Sachs and a few allies have become huge while feeding off of the usurious printing presses of the Federal Reserve and Treasury. They can afford to issue shares to every American who files a 1099; it would cost in same order of magnitude what Goldman spent on management bonuses in 2009!
My conclusion for this story may sound like parody, but I am dead serious. Some might ask how I, as a longtime advocate of small government and individual liberty, can suggest this plan…after all, do I not oppose the anti-christian, anti-Islamic principle of a system of usury run by an oligarchy? Of course I do. But as we speak, we are in free fall…already over the precipice, all but controlled by an international, usurious corporate banking system that surrounds its Kingfish--the secret Federal Reserve Bank. Let us wake up and admit it.
Let the Oligarch in the White House do something for the people for a change! Perhaps then, if we know he is on our side, and not the side of the bankers, America can be rebuilt from political scratch on principles we once knew but that have been long lost. We Hold These Truths
Project Strait Gate
PO Box 14491
Scottsdale, AZ, 85267
http://www.whtt.org
480 947 3329
Wed 8 Apr 2009, 21:03 PM | Posted by admin
Tags: Business, Stock
These days, you can't retire without using the returns from investments. You can't count on your social security checks to cover your expenses when you retire. It's barely enough for people who are receiving it now to have food, shelter and utilities. That doesn't account for any care you may need or in the even that you need to take advantage of such funds much earlier in life. It is important to have your own financial plan. There are many kinds of investments you can make that will make your life much easier down the road. The following are brief descriptions for beginning investors to familiarize themselves with different kinds of investment options: 401K Plans
The easiest and most popular kind of investment is a 401K plan. This is due to the fact that most jobs offer this savings program where the money can be automatically deducted from your payroll check and you never realize it is missing. Life Insurance
Life Insurance policies are another kind of investment that is fairly popular. It is a way to ensure income for your family when you die. It allows you a sense of security and provides a valuable tax deduction. Stocks
Stocks are a unique kind of investment because they allow you to take partial ownership in a company. Because of this, the returns are potentially bigger and they have a history of being a wise way to invest your money. Bonds
A bond is basically a promise note from the government or a private company. You agree to give them a set amount of money as a loan and they keep it for a set number of years with a predetermined amount of interest. This is typically a safe bet and one that is a good investment for a first time investor because there is little risk of losing your money. Mutual Funds
Mutual funds are a kind of investment that are based on the gains and losses of a shareholder. Basically one person manages the money of several or many investors and invests in a list of various stocks to lessen the effect of any losses that may occur. Money Market Funds
A good short-term investment is a Money Market Fund. With this kind of investment you can earn interest as an independent shareholder. Annuities
If you are interested in tax-deferred income, then annuities may be the right kind of investment for you. This is an agreement between you and the insurer. It works to produce income for you and protect your earning potential. Brokered Certificates of Deposit (CDs)
CDs are a kind of investment where you deposit money for a set amount of time. The good thing about CDs is that you can take the money out at any time without paying a penalty fee. We all know life isn't predictable, so this is a nice feature to have in your option. Real Estate
Real Estate is a tangible kind of investment. It includes your land and anything permanently attached to your piece of property. This may include your home, rental properties, your company or empty pieces of land. Real estate is typically a smart and can make you a lot of money over time
Wed 8 Apr 2009, 20:52 PM | Posted by admin
Tags: Business, Stock
MISTAKE ONE : Lack of Knowledge and No Plan
It amazes us that some people expect to trade the stock market successfully without any effort. Yet if they want to take up golf, for example, they will happily take some lessons or at least read a book before heading out onto the course.The stock market is not the place for the ill informed. But learning what you need is straightforward – you just need someone to show you the way.The opposite extreme of this is those traders who spend their life looking for the Holy Grail of trading! Been there, done that!The truth is, there is no Holy Grail. But the good news is that you don't need it. Our trading system is highly successful, easy to learn and low risk. MISTAKE TWO : Unrealistic Expectations
Many novice traders expect to make a gazillion dollars by next Thursday. Or they start to write out their resignation letter before they have even placed their first trade! Now, don't get us wrong. The stock market can be a great way to replace your current income and for creating wealth but it does require time. Not a lot, but some. So don't tell your boss where to put his job, just yet! Other beginners think that trading can be 100% accurate all the time. Of course this is unrealistic. But the best thing is that with our methods you only need to get 50-60% of your trades "right" to be successful and highly profitable. MISTAKE THREE : Listening to Others
When traders first start out they often feel like they know nothing and that everyone else has the answers. So they listen to all the news reports and so called "experts" and get totally confused.And they take "tips" from their buddy, who got it from some cab driver… We will show you how you can get to know everything you need to know and so never have to listen to anyone else, ever again! MISTAKE FOUR : Getting in the Way
By this we mean letting your ego or your emotions get in the way of doing what you know you need to do. When you first start to trade it is very difficult to control your emotions. Fear and greed can be overwhelming. Lack of discipline; lack of patience and over confidence are just some of the other problems that we all face.It is critical you understand how to control this side of trading. There is also one other key that almost no one seems to talk about. But more on this another time! MISTAKE FIVE : Poor Money Management
It never ceases to amaze us how many traders don't understand the critical nature of money management and the related area of risk management.This is a critical aspect of trading. If you don't get this right you not only won't be successful, you won't survive!Fortunately, it is not complex to address and the simple steps we can show you will ensure that you don't "blow up" and that you get to keep your profits. MISTAKE SIX : Only Trading Market in One Direction
Most new traders only learn how to trade a rising market. And very few traders know really good strategies for trading in a falling market.If you don't learn to trade "both" sides of the market, you are drastically limiting the number of trades you can take. And this limits the amount of money you can make. We can show you a simple strategy that allows you to profit when stocks fall. MISTAKE SEVEN : Overtrading
Most traders new to trading feel they have to be in the market all the time to make any real money. And they see trading opportunities when they're not even there (we’ve been there too).We can show you simple techniques that ensure you only "pull the trigger" when you should. And how trading less can actually make you more!
Fri 20 Mar 2009, 15:16 PM | Posted by admin
Tags: Business, Technology
Microsoft will launch the next major iteration of Windows Mobile, or Windows Mobile 7, in 2010, according to Microsoft chief executive Steve Ballmer.Ballmer made his comments in a strategic update session on Tuesday, where he also disclosed that Microsoft would not ship the next version of Office until 2010, and disclosed a “netbook”-like version of Windows Server, called Foundation Edition. Ballmer also disclosed that the company would be releasing Windows Mobile 7 next year, somewhat of a surprise given that Microsoft released Windows Mobile 6.5 on Feb. 13 at the Mobile World Congress show in Barcelona. “We’ve made a nice release announcement last week of Windows Mobile 6.5,” Ballmer said, acording to a transcript of Ballmer’s remarks prepared by Microsoft. “We’ve got Windows Mobile 7 coming next year. We’re getting more and more synergy with Windows, so the browser improvements, et cetera, should be quite rapid.” Microsoft also won’t be building its own phones, Ballmer said, taking a shot at rival Google as he did so. “People ask me, will you build your own phone? [It's] not our strategy to build our own phone,” Ballmer said. “It’s our strategy to sell software that we can use and support across a wide range of device manufacturers to encourage choice, choice in devices, choice in the operators. We have a positive price on our software. Google does not. I don’t know how it is a sustainable thing to not have a positive price. And don’t tell me you think it’s search, because even when they win the Android business, they have to pay to have their search installed on that phone, just as we do, that’s a competitive bid that the operators mandate. So we’re going with a real price, with real investment, with a professional approach, and a positive price on software-based model.” Ballmer also said that he was proud of the fact that Windows Mobile was the foundation for low-cost phones. Furthermore, he said, while the phone market may contract, the market for smart phones is a healthy 100 million to 200 million units per year. “So smart phones will grow, in my opinion, even as the phone market as a whole decreases,” Ballmer said. “I do think the guys who are in the best position to benefit are the guys who actually have phones at low price points. I think that’s a distinct advantage that we have. We have manufacturers who have low price point phones compared to the iPhone, particularly, which is a very high priced phone. You may get subsidized down to lower prices, but the operators care a lot about what they get charged for the phone, and I think you’ll see very low cost, low price form factors with Windows Mobile, possibly also with Android as well.”
Thu 19 Mar 2009, 20:12 PM | Posted by admin
Tags: Business, Health & Fitness
Medical tourism is a new concept where two important service industries are dovetailing to attract people who seek healthcare service located beyond the geographical territory of their country. Today discussions are going on to analyse whether Medical Tourism (MT) products of our Indian hospitals will be the right offer to the people of our neighboring countries. Questions have been raised to know whether we are in a comfortable position to take the responsibility to venture in this grey area. This is the time to retrospect and understand the entire mechanism and other key issues involved in the entire process. What is Medical Tourism? Tourism means when people move from one place to other for their recreation and pleasure. MT includes a component of medical and healthcare services along with its counterpart tourism services. We need to clearly identify the customer profile of today’s MT products. Very often hospital includes the number of patients they have received within the geographical territory of their own country, but actually it may boost up the figure from promotional angle of the hospital rather than sticking into real meaning. On the other hand, getting a foreigner patient in a high class corporate hospital for treatment alone does not fulfill the criteria of considering it MT. In other words, a simple way to explain the concept of MT, would be to say that it is not a standalone effort of neither the healthcare nor the tourism industry, but is an integrated and collaborative approach from both the industries. Medical Tourism - an emerging opportunity Healthcare procedures across the world show a wide cost difference. It leads to a question of affordability even to the developed country like the US where significantly huge number of population is not covered under any insurance scheme. In some developed country, long waiting period for elective inpatient and outpatient care has created a situation where people do not hesitate to buy healthcare from other developing countries like India without compromising on quality. Complimentary tourism packages make the entire offer more attractive to the people who are interested to travel for their healthcare. Globalisation of healthcare industry has started in many level. For instance, Indian software companies like TCS and Mastek has signed IT contract recently worth more than US $ 200 million. Scope & Opportunities Though the service sector has considerable contribution in India’s GDP, it is negligible on the export front with only around 25 per cent of total export. Value added services generally exceed 60 per cent of total output in the high income industrialised economy. In the global scenario, India’s share of services export is only 1.3 per cent (2003) i.e USD 20.7 billion which has gone up from 0.57 per cent (1990). Overall service export growth rate in India is 8 per cent (2002) against a global growth rate of 5 per cent. It had a tremendous impact on India’s Forex reserve. Forex reserve rise to USD 118.628 on May, 2004 in comparison to USD 79.22 for the same period in 2003. Being a service sector member, medical and tourism services export can further rise India’s Forex Reserve along with a major contribution from software exports. In India, international tourist rose 15.3 per cent between January and December, 2003. Though tourism and travel industry contribution is 2.5 per cent to our countries GDP (international ranking 124) but recent initiative from the government like liberalised open sky policy to increase flight capacity, lower and attractive fares, increase in hotel room capacity by nearly 80 per cent (from 2000) and better connectivity between major tourist destination (Express Highway project) has helped India to rank among the top five international holiday destination when independent traveler conducted a poll in 134 countries. India is rated amongst the world’s top ten “must see destination” by Conde Naste Traveller, an international magazine with lot of reputation. Hopefully, today we are in a better position to sell our tourism services to the rest of the world. Healthcare industry has shown considerable growth in last few years. Emergence of top notch corporate hospitals and continuous effort for improvement of quality of care has placed Indian private healthcare in a respectable position on the global map. High ratio of foreign qualified medical practitioners and well-trained nursing and paramedical staff have developed confidence amongst the people who are seeking medical care from Indian Hospitals. If everything moves in the right direction, MT alone can contribute an additional revenue of Rs 5000 - Rs 10,000 crore for up market tertiary centre by 2012 (3-5 per cent of total delivery market). Indian & International Experience The global healthcare market is USD 3 trillion and size of the Indian healthcare industry is around 1,10,000 crores accounting for nearly 5.2 per cent of GDP. It is likely to reach 6.2- 8.5 per cent of the GDP by 2012. It is expected that medical tourism will account about 3-5 per cent of the total delivery market. More than 1,50,000 medical tourists came to India in 2003. Around 70,000 people came from the Middle East for the medical treatment. Traditional system of medicine is able to attract a sizeable number of people from western countries (Kerala, for instance). Most of the medical tourists are Indian in origin. We need to attract more number of people of foreign origin. International experience shows some of the countries like Thailand, Singapore, Jordan and Malaysia have done extremely well. There is technical committee formed by Jordan Government operating for the non-Jordanian Arab patients who visit Jordan for healthcare. This office regulates the healthcare institutions treating those patients and monitor the entire activity. Making of an MT destination Our healthcare industry has some inherent drawbacks. Lack of standardisation in medical care and cost, lack of regulatory mechanism, infrastructural bottlenecks and poor medical insurance coverage are a few to mention here. On the other hand, tourism and hospitality industies are facing some major challenges to develop the infrastructure and services. Industry and government collaboration in terms of some incentives and creation of soothing environment can further make this endeavor easy for both the service sector. The immediate need is the establishment of health and tourism players consortium to discuss about all these issues and maintain closer interaction and co-ordination to develop medical tourism - a growth engine for Forex earnings. Author: Jyoti Gupta
Thu 19 Mar 2009, 19:45 PM | Posted by admin
Tags: Business
The new financial year is right here and it’s time to plan your investments to lower tax. If you are a salaried employee, there isn’t much time as the employer demands details of investment strategy by May. In the case of self-employed, there is enough time as they need not worry about tax deduction.
Though the Union Budget, announced in February, has put more cash in everyone’s hand due to change in income tax slabs, it hasn’t altered too many things with respect to tax saving instruments. Hence, life continues to be the same for those who have already signed up for insurance policies or ELSS funds. However, those who kept away from ELSS and relied on PPF or other fixed instruments can look at better options for this year.
Why ELSS? As you are aware, ELSS carries higher amount of risk compared to other investment options for tax relief. However, over 5,000 point correction in Sensex has made equity investment less risky at current level. In fact, not many believe that Sensex can shed another 5,000 point from current level and instead, the argument is that one of the biggest risks for equity investor is that of lack of investment rather than investment!
Often, investors look at ELSS when the stock market is at its peak and tend to ignore it when the sentiment is low on Dalal Street. The current year is an ideal time for fresh equity investors and those who wish to make investment should look at one-time investment into ELSS rather than SIP option as every installment will carry a lock-in period of three years. ELSS funds can be an option even for NRI investors having taxable income in India.
No room for debt? Does it mean every tax planning individual should focus only on ELSS and forget other options such as PPF and NSC. As you are aware, despite the increased focus on mutual funds in the media larger funds get into PPF and other fixed instruments due to their safety. While products such as public provident fund and NSC offer safety, time has come for investors to look at the yield from these products.
While these products offer an assured return of 8%, the yield from them has come down because of the tax on interest income. In addition, in a high inflationary scenario, the real income is much lower than inflation.
Kick-start pension planning: Tax planning is an ideal platform to think about pension planning. The product has become a necessity and since it is also considered a tax saving instrument, it should form a part of portfolio for every individual. While individuals at early age of their career can start the pension plan with a nominal sum, the corpus has to be in line with their livings standards for others.
Medical insurance: This is another product which has become a necessity for all Indian families and sign up for a medical insurance plan even if it is provided by your employer. As you are aware, the tax benefit for the product has been hiked to Rs 20,000 if the applicant pays for his parent. Since the condition of parent being a dependent for tax relief has been dispensed with, medical insurance is also a good tax saving tool. However, that should not be the key driver for your medical insurance investment and instead look at it as a hedge against rising medical expenses. Sign up for a plan even if your employer offers you one.
Thu 26 Feb 2009, 15:17 PM | Posted by admin
Tags: Business, Web Design & Development
 Congratulation, you finely decided to upgrade your business with a website. This is really important step which can take your business to a new level structurally and financially.
1. Well built and properly advertised website can bring you hundreds of new customers who wouldn't have heard about your business otherwise.
2. Most of people do not search for services on yellow pages no more but open Google , Yahoo, MSN, etc. Therefore your presence on the net is a very important strategy to earn new clients.
3. Website is your face when it comes to clients who arrive to you via the net. If your website is well built, even if you are a small business owner, clients will be more willing to work with you.
Now that we understand the importance of a good, reliable website for a business, let's go over some basic steps to make sure your website will be a success story :
Determine your budget :
Website building can cost you nothing or cost you thousands of dollars. I think that the best site is the one which benefit will excel its cost. Therefore every business owner must determine his appropriate budget.
Some companies offer absolutely free websites. There are some advantages and some disadvantages in such a website. The first and the biggest advantage is the zero cost. If your website turns out useless , you don't lose any money. The main disadvantages of free websites are usually the limited storage space (which means you can't build a large website) and limited bandwidth (if many users enter your site at once, it might become slow or even unavailable).
If you have a large sum of money to put on your web site, you may go to a custom Web Design firm. They will usually offer you two or three unique design sketches which they embed in their Content Management System and a directions about how to enter your content into it. The problem about this option is it's high cost.
There is no second chance to create a first impression :
Design is naturally one of the most important aspects in website success. Website design must represent your business as a prosperous, impressive and trustworthy therefore there is no place to disregard it.
Quality content :
In order to be found in search engines and attract serious visitors you must fill your website with high quality content. We suggest you enter information about yourself , your business and products. Professional articles and further information from your field of interest might add more value to the website and present you as an expert in your field.
Keeping in touch :
Once you have earned clients you better keep in touch with them. There are number of fast and cost effective ways to do so :
1.By mail. Today spam mail is a felony, but once a customer signed up at your website and gave his agreement to receive your e-mails, you should keep in touch with him , informing him about new products, services and sales.
2. By SMS. If your business is very dynamic you might use the SMS technology to keep in touch with your clients at real time.
3. Keep in touch with your clients by blogs and forums where you can offer them technical support.
Mon 23 Feb 2009, 19:21 PM | Posted by admin
Tags: Business
State-run Life Insurance Corporation of India (LIC) on Saturday said it has launched a close ended guaranteed addition money back plan Jeevan Varsha and expects healthy response.
“After the success of Jeevan Astha which closed recently, the corporation has launched another guaranteed product. This is a regular premium policy and money back plan,” LIC zonal manager (east) R R Dash said in Kolkata on Saturday.
The plan would be made available for sale only between 16 February and 31 March.
Dash said the corporation was aiming to collect Rs1,500 crore premium from this new policy.
“The corporation in east collected Rs1,190 crore from sale of 2.64 lakh policies from recently closed Jeevan Astha,” he said.
Jeevan varsha plan is available with two policy terms of 9 and 12 years. The policy will offer Rs65 per Rs1,000 sum assured and Rs70 for a 12 year term.
“For the first time survival benefit are payable every three years,” a LIC statement said.
LIC officials said though guaranteed addition in Jeevan Varsha is lower than Jeevan Astha, the internal rate of return will be similar to it taking into consideration all factors.
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