ISRO's rocket launched successfully

The Indian Space Research Organization (ISRO) was successfully launched from the Satish Dhawan Space Centre at Sriharikota on Wednesday.  The Polar Satellite Launch Vehicle (PSLV) is carrying remote sensing satellite Resourcesat-2 and two mini spacecraft. The launch vehicle will place in the polar sun synchronous orbit, the 1206-kg Resourcesat-2, 92-kg Youthsat and 106-kg X-sat satellites 822 km above Earth.

The mission's primary satellite, ISRO built Resourcesat-2, is an advanced remote sensing spacecraft to facilitate the study and management of natural resources.  

The Resourcesat-2 with a five year space life will also carry an additional payload from Comdev, Canada that will provide information on ship surveillance by making 14 orbits per day, ISRO said.

Youthsat, a joint Indo-Russian satellite for stellar and atmospheric studies, will study the 

 relationship between solar variability and thermosphere-ionosphere changes.The satellite with two-year life will carry two Indian and one Russian payload.

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Shri Ram

Today, April 12, 2011 is Ram Navami – the birthday of Sri Ram. 

Sri Ram, an incarnation of Lord Vishnu, is known as Maryada Purushottam and he incarnated on the earth to annihilate Ravana and fellow demons and restore Dharma. 

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Your Financial Adviser Expectations ??

LOOK OUT FOR YOUR BEST INTERESTS.

Registered Investment Advisers (RIAs) must abide by a fiduciary duty, making decisions about your investments based on what's in your best interests, not his. An adviser makes sure your investments remain in your best interests.

ESTABLISH REGULAR COMMUNICATION.

A good adviser doesn't wait for you to call; he will reach out at least two times annually. And, when you leave a message, he should return your call within one business day.

TELL YOU HOW HE'S COMPENSATED.

Many advisers are paid by investment companies for recommending certain products. That compensation can take on many forms, but if an adviser is receiving compensation to sell one company's products over another, how can you be sure those investments are best for you?

EXPLAIN HIS INVESTMENT STRATEGY.

An adviser should be able to explain an investment strategy in a way you understand. And if you still don't understand, it's a good idea to find another adviser to work with.

GIVE A WRITTEN INVESTMENT PLAN.

The reason you print out driving directions from Map quest or Google Maps is because you need to know exactly how to get to your destination. No one likes to get lost. Likewise, your adviser should provide an investment road map in a written document, with a list of investments and asset allocations. If your plan changes, you should receive an updated version

HAVE SOME TYPE OF EXPERTISE.

Some advisers might specialize in stocks, bonds, or estate planning. Others might have a license to sell insurance policies.

MANY PEOPLE HIRE A FEE-BASED ADVISER to help with their investments. Before you do, it's important to ask the right questions. It's also important that the adviser asks you the right questions.

India Wins ICC Cup 2011

Budget 2011-12

The Union Budget 201-12 does not have too many radical proposals and it seeks to strike a balance between growth and populism with its proclaimed intent to bring down the fiscal deficit. Overall, it can be said to be a budget for the long-term investor.

In the following analysis, Relax with Tax has tried to squeeze out the useful information -- from the Budget Speech delivered by Finance Minister -- that is relevant to you in terms of personal taxation and finance.

1. Finance minister seems to tell the taxpayer 'Keep the change': Income Tax slab increased (though a very small increase) for Resident Males, Non-Residents and Senior Citizens.

2. FM seemingly sings 'Dil toh Bachha hai ji': Qualifying age limit for Senior Citizen, lowered from 65 years to 60 years.

3. FM's gift to the 'young at heart': Provision of higher exemption limit for very senior citizen's of 80 years or more.

4. FM aims at 'equality for women': No new tax exemptions for women.

5. FM 'means business': New Central Processing Centers to be set up for faster processing of income tax returns and refunds.

6. FM says Khana phir Rona: Air-conditioned hotel accommodation and restaurants to attract levy service tax.

7. FM's taxes fly high: Domestic and international air travel to attract flat amount of service tax. Additionally, higher class travel in the domestic sector to attract 10 per cent service tax.

8. FM's 'bitter pill': Hospitals with 25 beds or more with central air-conditioning to levy service tax on all patients. Diagnostic test centers also to levy service tax.

9. FM believes 'Taxes, life ke saath bhi aur bhaad bhi': Services provided by life insurance companies in the area of investments also to be covered under the levy of service tax.

10. FM's Sugam, hopefully will be good: New simplified Income Tax return form 'Sugam' to be introduced for small businessmen.

11. FM, a little less "Dabaang": Relief from audit for small service taxpayers with turnover lower than Rs 60 lakh (Rs 6 million).