Karmic acccount

Sri Mad Bhagwat Geeta, Chapter 9, Sloka 22..

अनन्यास चिन्तयन्तोमं  ये जना   पर्युपासते

तेषां  नित्याभियुक्तानां योगक्षेमं  वहम्यहम् ||




Synonyms



ananyah--having no other object; cintayantah--concentrating; mam--on Me; ye--those who; janah--persons; paryupasate--properly worship; tesam--of them; nitya--always; abhiyuktanam--fixed in devotion; yoga--requirements; ksemam--protection; vahami--carry; aham--I.


Translation: "Those who worship me, without any other objective. Guarantee that I will take care of their livelihood" . Lord Krishna.

What happens to us in this life, is outcome of our karma. All good and bad karma in the past are coming back to us. People around us are claiming their receivables and some are paying back. In short our actions (karma) in the present (that are known to us) should be Shuddha Karma (Pure in nature). So that the outcome should be favourable.

Best part is if you own the karma, you will be accountable too, instead you transfer ownership to the God. As a result all your Karma will be Shuddha Karma and your karmic account will be positive (Credit).

Most important, one must believe in Supreme Soul.

Karma is like a ball throwing on invisible wall. Till the time you hold ball in your hand, you decide direction and way you want throw it. Once its out of your hand then there is no control. One thing is for sure, it will come back to you sooner or later....same applicable to Karma. You can decide outcome of your Karma, while you are doing it. All good karma's will come back to you as glory, happiness and favorable. Where as bad karma will bring you pain, distress and anger.

“Forecasting exchange rates is an important function of a corporate finance manager"- A note

Foreign exchange is a currency issued by a foreign government. It is required to pay for imported goods and to meet foreign debt repayment obligations. The exchange rate is the price of one currency in terms of another. Exchange rates are either fixed by governments or determined by the forces of demand and supply in the marketplace. Countries differ in the way they maintain their currency value in the foreign exchange market. In some countries, Central banks intervene in this process regularly while in others they don’t. Forecasting exchange rates is an important function of a corporate finance manager. Many corporations like Goldman Sachs, Citibank, Wharton Forecasting Services provide forecasts of various economic indicators including exchange rates. The models used for forecasting exchange rates can be classified into two: fundamental analysis models, and technical analysis models.

Risk can be defined as uncertainty surrounding a particular event or item. Thus the changes in economic fundamentals, government policies, and relationship between the trading countries are some risks specific to the international business community apart from general risks of changes in tastes and preferences of consumers, changes in technology, etc. Volatility in capital flows into and out of the financial markets can adversely affect the value of the domestic currency. Currency risk can be managed taking a short-term view and using financial instruments to hedge specific risks. A long-term strategic view of diversifying across products, markets and suppliers might involve more initial investment, but subsequently lower short-term hedging costs.







Financial instruments such as derivatives are used to minimize risk. Some of the common derivative instruments are: Forward contracts, Futures contracts. Options are relatively more sophisticated in terms of pricing and perhaps the most flexible of all instruments in terms of usage. Swaps are contracts between two parties, with or without an intermediary, to exchange interest payment obligations on domestic or international borrowings for a specified period of time so that the overall cost of funds for both the parties is reduced. Interest Rates Swaps (IRS) and Currency Swaps are the most prominent types of swaps. An Interest Rate Swap (IRS) is an agreement between two parties to exchange interest payment obligations of each other on a notional principal for a specified period of time. A Currency swap is a contract to exchange interest payments in one currency for those denominated in another currency. With the integration of world trade and the advent of new technology, world capital markets have started functioning more closely with each other. Capital markets are continuously innovating products and are structuring prices of products to suit customer needs. The markets for long-term instruments can be broadly classified into four main categories: Domestic markets for short and long term borrowing, Foreign markets for equity and debt, Euro currency markets, Foreign bond markets.






The BoP accounts of a country record the payments and receipts of the residents of the country in their transactions with residents of other countries. BoP is measured on quarterly and yearly basis. BoP is said to be favorable when receipts from foreigners exceed payments to them, and unfavorable when payments exceed receipts. Disequilibrium is caused by random variations in trade, fluctuations in production of primary goods such as agricultural goods. Disequilibrium in BoP can be of three types: Cyclical disequilibrium, Secular disequilibrium, and Structural disequilibrium. The 1990s saw some major changes in India's BoP position. In the beginning of the 1990s, the country witnessed a major crisis in BoP. India responded to the crisis by introducing a host of reforms which had a significant bearing on the BoP front. The late 1980s saw the beginning of trade liberalization in India. Import duties were reduced and investment opportunities for the private sector were widened. The 1991 economic reforms package further liberalized trade. India’s export performance in the post liberalisation period i.e. post 1991 has been much better than the pre-reform period. From a level of (–) 1.5% growth rate during 1991-92 the value of exports in dollar terms witnessed a growth rate of 21% in 2000-01.

The Desert Capital : Dubai

Burj Khalifa standing high proud and stiff. Worlds tallest building. Overlooking bay of Gulf and witnessing recession of the decade. In spite of DSF all the mall are deserted.

Dubai is only city is Middle-East, which gets transformed after the sunset. May be only place in Asia to have this unique characteristic.

Worlds biggest Medical device show happens in Dusseldorf-Germany. Worlds second largest in Dubai, Arab Health Show.
That's biggest trade show of its kind in Asia. 2700 exhibitors and 66000 visitors from 141 countries provides length and breadth of the show.

more........