Is Gulf Emerging as the New Tax Haven after Switzerland for Indians?

Mumbai, Mar,12. The past few months have seen an unusual spurt in deposit flows into several banks in Dubai, Abu Dhabi and the UAE financial centres. Interestingly, the surge in deposits has come about following a pact between India and Switzerland on August 30 to exchange sensitive information on tax-evaders. The treaty was viewed as India’s first step towards obtaining information on funds stashed away in Swiss banks’ accounts. A similar agreement with Bermuda, another tax haven had been reached too.

If data compiled by the Central Bank of UAE is any indication, total bank deposits surged more than $11 billion in October compared to an average monthly growth of $2.7 billion since January 2010.

Speculation is rife that money is moving out of Swiss banks and Dubai is an obvious choice for Indians as there is no tax. The modus operandi for such transaction is often floating of a firm staffed with local directors (many of them being Indians working in the Gulf) in Dubai Free Trade Zone. Subsequently, funds are wired from a tax haven (say, Switzerland) to a bank account opened in the firm’s name. The money finally ends up in a local bank and the newly-established firm receives and shows it as consultancy fee from international clients or as trading income

Indian Banks’ Share in Global Banking Pie to Nudge 2.8% by 2015

Mumbai, Mar,12. If the forecast by a McKinsey & Company report is any indication, the share of domestic banks in the global banking pie could almost double from the current (or the end of financial 2009)1.5% (revenues worth $2850 bn) to 2.8% (revenues worth around $4000 bn) by the end of fiscal 2015. The underlying assets of the domestic lenders could nudge $3 trillion and deposits could go as far as around $2.3 trillion. In the backdrop of this stupendous growth, the banking and financial sector will continue to be the mainstay of the Indian economy.

The report also predicts that the next decade could see at least 5-6 domestic banks figure in the top global 100 list. Consolidation among the banks could also pick up.

The revenues of the domestic lenders more than quadrupled over the past decade from $11.8 bn in 2001 to $46.9 bn in 2010. Also, their net profit rose almost nine-fold from a meager $1.41 bn in 2001 to 12.06 bn in 2010.

Moreover, market capitalization of the top 5 lenders in the country including SBI, ICICI Bank and PNB is expected to rise higher from 55% in 2005 to 66% by the end of the current fisca

Indian Banks’ Share in Global Banking Pie to Nudge 2.8% by 2015

Mumbai, Mar,12. If the forecast by a McKinsey & Company report is any indication, the share of domestic banks in the global banking pie could almost double from the current (or the end of financial 2009)1.5% (revenues worth $2850 bn) to 2.8% (revenues worth around $4000 bn) by the end of fiscal 2015. The underlying assets of the domestic lenders could nudge $3 trillion and deposits could go as far as around $2.3 trillion. In the backdrop of this stupendous growth, the banking and financial sector will continue to be the mainstay of the Indian economy.

The report also predicts that the next decade could see at least 5-6 domestic banks figure in the top global 100 list. Consolidation among the banks could also pick up.

The revenues of the domestic lenders more than quadrupled over the past decade from $11.8 bn in 2001 to $46.9 bn in 2010. Also, their net profit rose almost nine-fold from a meager $1.41 bn in 2001 to 12.06 bn in 2010.

Moreover, market capitalization of the top 5 lenders in the country including SBI, ICICI Bank and PNB is expected to rise higher from 55% in 2005 to 66% by the end of the current fisca

want to Build a Plant Stand this is the way

Plant Stand an introduction:

Plants are a beautiful way to make your home a nice and natural place to be in plants has the ability enhance the loveliness of a home within as well as outdoors. A plant brings the color and pleasure into any area and anyone’s life. Having an eye-catching plant stand can have the ability to enhance the positive mind-set that come from growing plants and flowers around the living area. Plant stands come in multiple styles and can be constructed from wood, metal, plastic or other materials as well. Plants requires some special attentions, So we must give our favorite plant some additional elevation and added presence in home by constructing a plant stand for it. This simple stand can be placed well on the floor or on the table. One can make changes in the dimensions as per the requirement for the larger plants. Anyone who likes houseplants is very much interested in displaying his plants. This easy project will definitely help the houseplant lovers to overcome the space problem. This plant stand generally comes with a small second shelf, which can be also used for knick-knacks or a second smaller plant. Here we suggest you about how to make wood plant stand.

Before Getting Started

You need to have some instrument like Drill, Ruler, Drill Bit, Saw and Sand paper .

The materials required for Plant Stand:

Six 4 by 16 inch Boards, Wood glue,15 Wood Screws, Dry Cloth, 2 foot Screw Type Clamp, Four 3 foot Long Spindles, Two 2 by 12 inch Boar and 9 by 9 by 1 inch Board

Place five of the 4-by-16 inch boards uniformly side by side.This arrangement must result in a perfect square of 16 inch. The remaining 4-by-16 inch piece of board should be arranged across the center of other five boards. Then a wood screw is drilled into the center, where the cross piece exactly meets each of the other five boards. After this, the square is turned over the over to rest on the cross piece. Next, a line of wood glue should be marked between each of the five pieces. Then with the help of cloth glue should be rubbed in between the boards and excess glue must be wiped off. Now, the clamp should be placed on the long sides of the boards and this is winded tightly over there. This configuration must be allowed to dry completely.

The leg supports are most important part of the stand so it can be made carefully while waiting for drying of the glue. Now, one of the 2-by-12 inch boards should be taken and it is laid in flat position. Then with the help of ruler measure 1 inch and point is market from either end. A hole drilled which is large enough to hold up the screw portion of the spindle (well most spindles needs a ¼- to ½-inch hole) at both markings. This step is repeated with the other 2-by-12 inch boards.

Now one of the spindles should be inserted, side of the screw facing downward direction, into the each hole to make sure they fit perfectly. If the spindle seems be more tight, then hole must be drilled again using an up and down stroke, which will cut off some wood. Then the spindles are removed for the next step.

Replace the clamp from the top that you have constructed in Step 1. Revolve the square back over so the top became inverted. Measure in from either side of the cross piece 1 ½ inches with the help of ruler and draw a line for the further work. Line up and about the two 2-by-12 inch boards along the either side of the cross piece between these marks that earlier done. Drill three wood screws into each of the selected boards that will be done one at every end and one in the middle of it.

Paint the sides of the drilled holes with the help of wood glue. Screw a spindle into every hole so it is comfy. Allow the surplus glue to come out from the hole. Don't wipe this wood glue off, as it will help to hold the spindle. Allow the glue to dry before proceeding further to next step.

get the 9-by-9 inch square board and cut off their corners to make them fit for the construction. With the help of ruler, assess 1 inch off of every corner from side to side and mark the lines over them. This will become four small triangles. Saw the corners off and remove them. This square will be converted into a second shelf inside the legs of the stand.

Place the 9-inch square about 1 foot above from the foundation of the legs. The stand should still be quiescent on its head. Mark the place where you positioned the square on the outer surface of each leg and take away the square from there. Drill a hole into every leg at the marking. Substitute the square to be consistent with the holes around it. Drill one wood screw through every leg into a angle of the square.

Make sure the whole thing is dry and sturdy. Turn over the plant stand straight to the stand on their legs. Sand down any uneven edges with the help of sandpaper. Paint or stain as per your likings.

Suggestions:

Select the quality material for making the plant stand, cutting and pre drilling the can save time and effort, while working with tools and or chemicals, safety glasses are advisable to hold. Masks are also required to be worn while working with some specific types of wood and wood finishes or paints to protect your lungs. Working with power tools can be hazardous. Always use caution with care and pay attention every time while working

Lawn Mower: An Introduction

A lawn mower is an important equipment to maintain the beauty of the lawn. The mower is mechanized with revolving blades to cut a lawn at an even length to make it good-looking. There are two basic types of the lawn mower. The one that comes with a blade that rotates along a vertical axis is called a rotary mower and the one that employs a blade assembly that rotates around the horizontal axis is known as acylinder or reel mower. Lawn mowers are built with different designs, each made for a particular purpose. Small-sized lawn mowers that are hand-pushed are suitable for small residential lawns and gardens. The larger ones are suitable for large lawns. The largest, multi-gang mowers that are pulled by the tractors are considered for large expanses of grass such as golf courses and municipal parks. It is important to be acquainted with the repairable and replaceable parts of the lawn mower. The manual provided with the lawn mower highlights these as well as outlining components and their attributes.

Rotary and Reel Lawn Mowers

Reel lawn mowers cut the grass with their spinning blades passing over a fixed blade. Rotary lawn mowers cut with a circulating blade underneath a sturdy housing of metal, plastic or fiberglass. Both types are available in gasoline/electric models. Consider a manual reel mower for a lawn that is 1,000 square feet or less and is a soft-bladed type or because you enjoy the exercise.

If you want a power mower, you have two options: reel and rotary. Reel mowers can cut the grass shorter and give a nice clean look. The rotary types on the other hand are generally cheaper and easy to operate. Among the gas and electric types, the gas mowers pollute the environment and are noisy whereas the electric ones are quieter and non-polluting. A cord length of 100 feet should suffice for your lawn. For cordless models, don’t forget to check for how long the battery lasts. As far as push or self-propelled mowers are concerned, the front-propelled types are easy to operate.

In case of a very large lawn, the tractor type is a better option. If you have a mulching mower then you won't be left with bags of clippings as it cuts the grass into tiny bits, and then blows them back down into the lawn, where they turn into fertile compost.

Purchase of Lawn Mower Parts

Online shopping for lawn mower parts is an easier and quicker option than having to visit a local shop and explain to the shop owner the parts you want so they can arrange it for you and charge up the price to you for their service offered to you. In some cases you can do the repair work yourself by replacing the parts. In others, the part provider can assist you with the repair and replacement.

Another way to get the lawn mower parts is to just enter "lawn mower parts" into a search engine and it will whisk you off to websites that offer such products and services. It is always useful to keep particulars of your lawn mower such as maker’s name, model number, and serial number handy while buying lawn mower parts online.

The lawn mowers generally have an engine serial number and body serial number. On most occasions, the manufacturer of the lawn mower is not necessarily the same manufacturer who has manufactured the engine as well.

If you don't know the exact name and information of the part while buying the lawn mower parts online, you must search for a site that has a good view of the part of the mower and its attachment so that you can identify the correct part by viewing it.

Some sites offer universal parts that don't always interchange universally because of a slight mounting difference in the screws or bolts for attachment with a mower.

Shipping charges vary greatly from site to site. Some include a freight charge on top of shipping if the item is over a certain size or weight as in a riding mower deck. This is worth examining closely when ordering.

Realize that when buying lawn mower parts online, the item may need to be exchanged. Some sites allow shipping the incorrect part back at your cost and waiting for it to arrive at their office. Then they will ship the new item and this can take several days for the exchange to occur. The best return policies will let you order the correct item and charge your account for it, then give you credit when they receive the first incorrect item. This tends to save a lot of time and frustration.

The other way to buy a lawn mower part is to visit the shops of the ancillary product and inspect it physically and decide which one suits your requirement and budget. You may find assistance to fit the part in your mower if you don’t have proper knowledge to fit it; however, normally, it does not require much technical skill to fit it.

The main concern is the post purchase service of the part. Be sure to ask the seller as to how they are going to serve in case any sort of problem surfaces in the part after the purchase because lack of service can become an issue for you