Live Union Budget 2011 | Union Budget 2011 Highlights | Live Streaming 2012

The Indian economy is expected to grow at 8.75-9.25% in financial year 2012 according to the Economic Survey for the year 2011-12 announced on Friday.

Robust growth and steady fiscal consolidation have been the hallmark of the Indian economy in the year 2010-11 so far. The growth rate has been 8.6% in 2010-11 and is expected to be around 9% in the next fiscal year.

The growth has been broad-based with a rebound in the agriculture sector which is expected to grow around 5.4%. Manufacturing and services sector have registered impressive gains. Savings and investment are looking up while exports are rising. However, food inflation, higher commodity prices and volatility in global commodity markets have been a cause of concern underscoring the need of fiscal consolidation and stronger reserves.

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Below are the highlights:

On Growth

• Indian economy to grow 8.75-9.25% in FY12

• Expect Indian econ to top 9% growth rate FY12

• Maintaining growth with price stability key challenge

• Seeing fast, strong turnaround in Indian economy

• India growth likely to revert to pre-crisis level FY12

• Expect India’s economic growth to pick up medium-term

• Probability of second-dip recession very low

• FY11 GDP growth relatively broad-based

• Monsoon, crude prices pose risk to econ growth

On Inflation

• Inflation is clearly a dominant concern

• Inflation may stay elevated on West Asia crisis

• Food price, demand pressure to drive inflation outlook

• Inflation largely driven by food items

• High food inflation "dark cloud" on Indian economy

• High food prices driven by demand factors

• Inflation pressure seen exacerbated by global prices

• Rising purchasing power aiding spurt in food prices

• Economic recovery triggered demand-side pressure in economy

• Inflation pressures from both domestic, global factors

• Core inflation suggests inflation now generalised

• Need to prevent inflation slipping into core sector

• Food inflation stubbornly in double-digits

• Inflation likely to moderate on fiscal, monetary steps

• Committed to provide cooking fuel at affordable price

• Plan to increase diesel prices in staggered manner

• Government to cap auto fuel prices if crude oil spurts

• April-December average inflation of 9.4% highest in 10 years

• High food inflation not unique to India

• Inflation significantly above RBI’s comfort level

• Need to be vigilant against demand-side pressures

• Grain release in batches, not bulk, to tame inflation

On Fiscal Front

• Centre’s fiscal broadly on consolidation track April-December

• India FY11 fiscal gap seen 4.8% on higher GDP base

• India FY11 revenue gap seen 3.8% of GDP

• Current account gap likely to moderate on export spurt

• Need to lower fiscal deficit

• Liquidity crunch mainly due to large government cash balance

• Need more proactive fiscal steps to eradicate poverty

• Favours smart cards also for kerosene, fertiliser subsidy

• Buoyant tax revenue key driver of fiscal consolidation

• Rise in corporate, service tax mop-up noteworthy

• Prospects of revenue-led fiscal consolidation bright

• Better subsidy targeting improving fiscal management

• Direct Taxes Code proposed to be launched April 2012

• Tax buoyancy, 3G auction brightened FY11 fiscal health

• States likely to be back on fiscal consolidation FY12

• States’ consensus on GST yet to be achieved

• Deepening reforms key to sustain fiscal consolidation

On Monetary Front

• Need persistent anti-inflation monetary stance

• Government implementing gradual exit from stimulus

• Liquidity management major challenge for RBI

• Excessive cash crunch makes credit delivery difficult

• Need G20 co-operation to manage forex flow volatility

• RBI forex market intervention unlikely to be inflationary

• Don’t want total reliance on import to beat shortages

On Banking, Financial Institutions

• Minimum capital requirement for banks should be graded

• Two types of banking licences could be considered

• May mull separate licence for basic, full banking services

On Industry

• Deceleration in industrial output cause for concern

• Slowdown in industrial growth seen temporary

• Medium-term industrial growth prospect seen positive

• Plan to increase diesel prices in staggered manner

• Government to cap auto fuel prices if crude oil spurts

• Committed to provide cooking fuel at affordable price

• Need to keep all options open if forex flows hurt economy

On Food Prices

• Food price, demand pressure to drive inflation outlook

• Maintaining growth with price stability key challenge

• High food prices driven by demand factors

• Higher FY11 farm growth to help ease food prices

• Rising purchasing power aiding spurt in food prices

On Agriculture

• Need to review grain release, procurement policies

• Don’t want total reliance on import to beat shortages

• Ample scope for improvement in grain release policy

• Grain release in batches, not bulk, to tame inflation

• Urgent need to expand storage space, facilities

• Need to plug PDS slippages to expand, improve coverage

• Smart card, coupons to help target food subsidy better

• Favours smart cards also for kerosene, fertiliser subsidy

On Capital, Investment

• Need to deepen capital markets

• "Sluggish" bureaucracy impeding FDI inflows

On External Affairs

• Economic uncertainty prevails in Europe, US

• Probability of second-dip recession very low

• Need to keep all options open if forex flows hurt econ

• Slowdown in FDI partly offset spurt in FII investment

• Need G20 co-operation to manage FX flow volatility

• RBI forex market intervention unlikely to be inflationary

• "Sluggish" bureaucracy impeding FDI inflows

Miscellaneous

• Direct Taxes Code proposed to be launched April 2012

• Tax buoyancy, 3G auction brightened FY11 fiscal health

• States likely to be back on fiscal consolidation FY12

• States’ consensus on GST yet to be achieved

Speaking about it, Siddhartha Sanyal, Chief India Economist, Barclays Capital told CNBC-TV18 said the survey was on expected lines. He expects fiscal deficit at 5.3% of GDP in FY12. "Nominal GDP is expected to come in at 14.5-15% for next fiscal," he said.

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Union Budget 2011 : Hybrid Vehicles Gear Up

2011 UNION BUDGET: ELECTRIC AND HYBRID VEHICLES GET A FILLIP

2011 Reva NXR Electric Vehicle

The 2011 Union Budget seems to certainly be a rosy one, at least for the electric and hybrid vehicle space as a slew of measures to reduce the overall cost of Electric and Hybrid vehicles along with popularizing them kicks in. One such measure is the adoption of many smaller cities as EV cities. Through this, the government will earmark many tourist towns which will use electric and hybrid vehicles for transport of tourists.

Along with this, hybrid cars being manufactured in India will be incentivized with a excise duty cut of 5%. Hybrid car part imports also will be exempted from the regular custom duty of 10%. That essentially translates to cheaper spare parts for the likes of the Toyota Prius Hybrid and the Honda Civic Hybrid. Hybrid conversion kits, which will enable conventional cars to be converted to hybrid cars will also see a see the excise duty being cut from 10% to 5%.

Going forward, such kits will thus get cheaper hence making hybrid conversions cheaper. Also, replacement batteries for EVs get cheaper as the central excise duty and the basic custom duty stands waived. Hydrogen powered vehicles also will get a straight 10% waiver on the excise duty front. With these measures, the Indian government hopes that more fuel saving and environment friendly hybrid vehicles will be sold and manufactured in India.

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Posted in: Automobile Review

Most Valuable Nascar Teams 2011

No. 1: Hendrick Motorsports

Value: $350 million
Profit: $18.2 million

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No. 2: Roush Fenway Racing

Value: $224 million
Profit: $8.6 million

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No. 3: Richard Childress Racing

Value: $158 million
Profit: $5.9 million

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No. 4: Joe Gibbs Racing

Value: $152 million
Profit: $8.7 million

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No. 5: Penske Racing

Value: $100 million
Profit: $4.5 million

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No. 6: Stewart-Haas

Value: $95 million
Profit: $5.9 million

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No. 7: Michael Waltrip Racing

Value: $90 million
Profit: $5.8 million

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No. 8: Earnhardt Ganassi Racing

Value: $76 million
Profit: $5.2 million

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No. 9: Richard Petty Motorsports

Value: $60 million
Loss: $5.4 million

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No. 10: Red Bull Racing Team

Value: $58 million
Loss: $2.8 million

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Posted in: Top 10

Oscars Award 2011 Winners

Oscars 2011 Winners List

Best Sound Editing
Richard King – "Inception"

Best Soundtrack
"The Social Network"

Best Supporting Actor
Christian Bale -"The Fighter

Best Foreign Film
"In a Better World"

Best Original Screenplay
"The King’s Speech"

Best Adapted Screenplay
"The Social Network" – Aaron Sorkin

Best Animated Feature
"Toy Story 3"

Best Supporting Actress
"Melissa Leo"

Best Cinematography
"Inception"

Best Art Direction
"Alice in Wonderland"

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Posted in: News

Inception Gets 4 Oscar Award

Inception Gets 4 Oscar Award Follows:

• Best Cinematography Award
• Best Sound Editing Award
• Best Sound Mixing Award
• Best Visual Effects Award

Inception is a 2010 science fiction film, which was written, produced, and directed by Christopher Nolan. The film stars Leonardo DiCaprio, Ken Watanabe, Joseph Gordon-Levitt, Marion Cotillard, Ellen Page, Tom Hardy, Cillian Murphy, Dileep Rao, Tom Berenger, and Michael Caine. DiCaprio plays Dom Cobb, a specialized spy or corporate espionage thief. His work consists of secretly extracting valuable commercial information from the unconscious mind of his targets while they are asleep and dreaming. Unable to visit his children, Cobb is offered a chance to regain his old life in exchange for an almost impossible task: "inception", the planting of an idea into a target’s subconscious. This won an award for Best Visual Affect in the 83rd Academy Awards
Development began roughly nine years before Inception was released. In 2001, Nolan wrote an 80-page treatment about dream-stealers, presenting the idea to Warner Bros. The story was originally envisioned as a horror film, inspired by concepts of lucid dreaming and dream incubation. Feeling he needed to have more experience with large-scale films, Nolan opted to work on Batman Begins, The Prestige, and The Dark Knight. He spent six months polishing up the script for Inception before Warner Bros. purchased it in February 2009.Filming spanned six countries and four continents, beginning in Tokyo on June 19, 2009, and finishing in Canada in late November of the same year.
Inception was officially budgeted at $160 million, a cost that was split between Warner Bros. and Legendary Pictures. Nolan’s reputation and success with The Dark Knight helped secure the film’s $100 million in advertising expenditure.Inception premiered in London on July 8, 2010, and was released in both conventional and IMAX theaters on July 14, 2010.Released to critical acclaim, the film grossed over $21 million on its opening day, with an opening weekend gross of $62.7 million.It received 8 Academy Award nominations, including Best Picture, Original Screenplay (Nolan), and Cinematography (Pfister). In addition to strong box office results, Inception has also grossed $68,644,403 in DVD-sales.

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Oscar Award 2011 Online Live Streaming

Watch Oscar 2011 awards online streaming if he rolled out the red carpet in this Feb. 27, 2011. Here again comes to the Oscar recognition, given the films that have entered the well-known in the past year. Everyone is always glad to know that your favorite movie will take home an Oscar this year. Oscars 2011 live stream after the Oscars, has 10 major Hollywood movies for best picture, the children all right, "Toy Story" was nominated 3 includes social networking, speeches, fund king, fighter, Black Swan, 127 hours,Awards in 2011 Live StreamSunday, February 27, 2011, broadcast live from the historic to the Kodak Theatre in Hollywood on ABC at 8 pm ET. hosts this year are the surprise pairing of actress Anne Hathaway and actor James Franco. Sandra Bullock, Robert Downey Jr., Halle Berry, Nicole Kidman, Mandy Moore and Gwyneth Paltrow among the stars, and leading artists will be selected during the Awards night.

http://www.livestream.com/academyawards

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Amazing Purple Flowers Photography

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Posted in: Amazing

World Cup Cricket Trophy Carrying Moments | World Cup Champion’s | List Of World Cup Cricket Winners

Whatuwantnow brings you the  world cup cricket classic moments

1.First World Cup:1975  West Indies Vs Australia

Winner : West Indies

2.Second World Cup:1979  West Indies Vs Australia

Winner : West Indies

3.Third World Cup:1983  India Vs West Indies

Winner : India

4.Fourth World Cup:1987  Australia Vs England

Winner :Australia

5.Fifth World Cup:1992  Pakistan Vs England

Winner: Pakistan

6.Sixth World Cup:1996  Sri Lanka Vs Australia

Winner: Sri Lanka

7. Seventh World Cup:1999  Australia Vs Pakistan

Winner: Australia

8. Eighth World Cup:2003  Australia Vs India

Winner: Australia

9. Ninth  World Cup:2007  Australia Vs Sri Lanka

Winner: Australia

10. Tenth World Cup:2012

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Posted in: Top 10

Koenigsegg Agera R Super At Geneva Motor Show 2011

KOENIGSEGG AGERA R SUPERCAR TO FEATURE AT 2011 GENEVA MOTOR SHOW

Koenigsegg Agera R

A feast of supercars will steal the limelight this year at the annual Geneva auto convention. Lamborghini will unwrap its Aventador LP700-4 and Pagani will reveal the Huayra for the first time. The other Italian heavyweight, Ferrari will drive in with the FF, two-door, four-seat hatchback with a huge engine and looks that will surely turn on a swine or a cow. With a flurry of Italian metal display, the Swedes have had to think of ways to grab attention of show-goers and they surely ain’t holding anything back.

Koenigsegg Agera R

Koenigsegg will showcase an insane and loud version of the Agera. Dubbed the Agera R, will feature a 5.0-liter twin-turbo V8 with a gut wrenching 1,115 bhp and 885 torques that would have the Italian exotics for breakfast. The 7-Speed dual-clutch transmission will haul this heap of carbon fibre upwards of 250 mph.

Koenigsegg Agera R-- interior

The car that will be on display has been built as per owner request and is outfitted with a custom carbon fiber roof box developed in conjunction with Thule and can be swapped with a standard Agera roof. However, the Agera R’s carbonfibre monocoque is so strong that it maintains all its rigidity even without the roof. The Koenigsegg Agera R comes fitted with Vortex Generating Rim (VGR) wheels whose spokes act as turbine vanes that help maximize downforce. Special Michelin rubber wraps over the rims and are the highest speed rated tires in the world, rated at 260 mph.

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Posted in: Automobile Review

Motorola iDEN i886 Specification,Features & Price

Motorola has been on an obscure design rampage since the Backflip, continuing that tradition with the Flip out, and now with the Motorola iDEN i886 Android phone. The Motorola iDEN i886 is quite toned down from the previous iterations, but sports two keyboards. Nothing crazy, but this is what seems to be a first for an Android device.

The iDEN i886 is a mid-ranged Android phone that comes with Push-to-talk, GPS, accelerometer, web browser, Bluetooth, a 2 megapixel camera, and a MicroSD card slot. It looks similar to the Pantech Matrix, only with its alphanumeric keyboard on the front of the phone. The phone has just hit up the FCC, but since it’s yet to be announced, we’re not sure when we’ll actually be seeing this thing hit the shelves. The i886 could hit Sprint/Boost Mobile, or possibly some other regional carrier when it launches.

As far as user experience goes, we’re not sure if the i886 will deliver a good one. Sure, we know it’s no Motorola Droid or X, but the very small screen will likely hinder the web browsing experience at best, but not everyone is looking for incredible web browsing, we suppose. We also are unsure of the version of Android that the phone will be using.

Motorola iDEN i886 Features and Specifications:

• Operating System Android

• Push-To-Talk

• GPS

• Accelerometer

• 2 megapixel rear camera

• MicroSD card slot

• 3.5mm headphone jack

• PTT

• Bluetooth

• Wi-Fi

Message Support

• SMS, MMS, Email
• Instant Messaging

Connectivity

• Connectivity Options – Bluetooth, USB, GPS
• Data Modes – HTML Internet Browsing

Motorola iDen i886 Price

Motorola iDen i886 Price in India – Not announced yet

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Posted in: Electronic Gadgets

Ducati Diavel Assembly Video

2011 Ducati Diavel Sport Cruiser

Here’s a nifty little video showing a time lapse version of the 2011 Ducati Diavel being put together at the Ducati factory in Bologna. This sport cruiser will hit Indian shores sometime later this year. Until then, hit the jump to watch how exactly one of the most powerful sport cruisers in the world comes alive.

 

Ducati Diavel Assembly

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Posted in: Automobile Review

The World’s Smallest Aquarium Tank

The World’s Smallest Aquarium Tank

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Top 10 Richest People In Brazil 2011-2010

Top 10 Richest People In Brazil 2011-2010

Rank	World  Rank	Name	Age	Net Worth In $ Billion
1	8	Eike Batista	53	27
2	48	Jorge Paulo Lemann	70	11.5
3	64	Joseph Safra	71	10
4	136	Dorothea Steinbruch & family	NA	5.5
5	152	Marcel Herrmann Telles	60	5.1
6	176	Carlos Alberto Sicupira	62	4.5
7	201	Aloysio de Andrade Faria	89	4.2
8	316	Abilio dos Santos Diniz	73	3
9	316	Antonio Ermirio de Moraes & family	81	3
10	421	Moise Safra	75	2.3

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Posted in: Top 10

Oscars Award 2011 Held on Sunday

When the curtain raises on the biggest hyped film awards ceremony in the world, the Academy Awards on Sunday, apart from the customary revelry the audience will be up for many surprises in this edition. Hollywood history and use technology will engage the fans more than ever this year. Here are some:

Youngest Hosts: The ceremony will be hosted by Hathaway, 28, and Franco, 32, two of the youngest to do the emcee job.

Male, Female Duo as hosts: For the first time a male-female duo will physically share the same Oscar stage in the history of the awards.

Virtual Reality Set: This year the traditional set idea is done away completely and a world of virtual reality via a series of ‘projections’ will colour the stage. This will constantly be changing the look of the stage.

No Movie Montages: There would be no movie montages to salute a category as it is considered taking a lot of show’s running time.  There will only be clips from the 10 best picture nominees and a few introduction segments.

No 5-Presenter Testimonial:  The tradition of using five presenters to offer testimonials about each of the best actor and actress nominees will go away this year.

The Return of Nominated Song Performances: The tradition of performing nominated songs that was scrapped last year will be reinstituted. Randy Newman will perform his ‘We Belong Together,’ from Toy Story 3; Mandy Moore and Zachary Levi, will sing the duet ‘I See the Light’ on the Tangled soundtrack, Gwyneth Paltrow will perform  ‘Coming Home’ in Country Strong.  AR Rahman will perform for ‘If I Rise’ from 127 Hours.

The Oscars telecast will go live in over 200 countries worldwide on Sunday, February 27 at 8PM EST. In India, February 28 at 6.30AM.

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Top 10 Richest Rappers In The World 2011

1. Jay-Z

Jay-Z - Shawn Corey Carter born December 4, 1969. He is an American rapper and businessman. He is one of the most financially successful hip hop artists and entrepreneurs in America having had a net worth of over $450 million in 2010. He has sold approximately 50 million albums worldwide, while receiving thirteen Grammy Awards for his musical work, and numerous additional nominations. He married American R&B superstar Beyoncé Knowles on April 4, 2008. On December 11, 2009, Jay-Z was ranked as the 10th most successful artist of the 2000–2009 decade by Billboard Magazine and ranking as the 5th top solo male artist and as the 4th top rapper behind Eminem, Nelly, and 50 Cent.

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2. Diddy

Diddy (a) Sean John Combs born November 4, 1969, , is an American rapper, singer, record producer, actor and men's fashion designer. He has won three Grammy Awards and two MTV Video Music Awards, and his clothing line earned a Council of Fashion Designers of America award.Combs' net worth was estimated at US $346 million.

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3. Akon

Aliaune Badara Akon Thiam born April 16, 1973, is a Senegalese-American R&B recording artist and songwriter. According to Forbes Akon grossed $21 million in 2010, $20 million in 2009 and $12 million in 2008. He rose to prominence in 2004 following the release of "Locked Up", the first single from his debut album Trouble. His second album, Konvicted, earned him a Grammy Award nomination of the single "Smack That". He has since founded two record labels, Konvict Muzik and Kon Live Distribution.
Akon often sings hooks for other artists and is currently credited with over 300 guest appearances and 45 Billboard Hot 100 songs. He has worked with numerous performers such as Michael Jackson, R. Kelly, Quincy Jones, Eminem and Whitney Houston. He is the first solo artist to hold both the number one and two spots simultaneously on the Billboard Hot 100 charts twice. He has had 6 Grammy Awards nominations and has produced many hits for artists such as Lady Gaga, Colby O'Donis and Leona Lewis. Lady Gaga and T-Pain are two artists who were given their chance at fame by Akon. He has also released a song called "Beautiful" featuring Colby O'Donis and Kardinal Offishall which is in his hit album named Freedom which he released in 2008 and also "Right Now (Na Na Na)" in the same album.

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4. Lil Wayne

Lil Wayne - Dewayne Michael Carter, Jr. born September 27, 1982, is an American rapper. At the age of nine, Lil Wayne joined Cash Money Records as the youngest member of the label, and half of the duo, The B.G.'z, with B.G in 1997, Lil Wayne joined the group Hot Boys, which also included rappers Juvenile, B.G., and Turk. Hot Boys debuted with Get It How U Live! that year.

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5. Dr. Dre

Dr. Dre is an american rapper, actor and producer with a net worth of $160 million. Born Andre Romelle Young, Dre was raised in South Central Los Angeles during the budding West coast hip-hop scene, Dre frequented nightclubs where he learned to DJ and became a member of electro-hop group World Class Wreckin’ Cru in 1984. After meeting fellow rapper Ice Cube, Dr. Dre joined rap project N.W.A. run by rapper Eazy-E under Ruthless Records and released Straight Outta Compton in 1988. Violent, profane and undeniably groundbreaking, Straight Outta Compton would go double platinum and go down in music history as one of the most pivotal albums for hip-hop.

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6. Ludacris

Award winning rapper and actor Ludacris has a net worth of $60 million. Christopher Brian Bridges (born September 11, 1977), better known by his stage name Ludacris, is an American rapper and actor. Along with his manager, Chaka Zulu, Ludacris is the co-founder of Disturbing tha Peace, an imprint distributed by Def Jam Recordings. Ludacris has won the Screen Actors Guild, Critic's Choice, MTV, and Grammy Awards during his career.

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7. Snoop Dogg

Snoop Dogg’s net worth of $150 million.He is one of the wealthiest and most successful rappers to come out of the 1990s rap scene, and one of the few still recording today. An example of West Coast rap, he has released ten solo albums since 1992 and has a net worth of $150 million. Calvin Cordozar Broadus, Jr. born October 20, 1971

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8. Timbaland

Timbaland is a Grammy Award-Winning record producer, singer and rapper with has an estimated net worth of $100 million. Born Timothy Zachery Mosley in Virginia Beach, Virginia on March 10, 1971,

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9. Pharrell Williams

Pharrell Williams  is an American rapper, singer, record producer, and fashion designer Born on May 5, 1979 in Virginia Beach, Virginia Pharrell Williams is a successful recording artist, producer, musician and fashion designer with an estimated net worth of $77.5 million. The oldest of three sons, he began his career in partnership with childhood friend,

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10. Kanye West

Kanye Omari West born June 8, 1977. He is an American rapper, singer, and record producer. West first rose to fame as a producer for Roc-A-Fella Records, where he eventually achieved recognition for his work on Jay-Z's album The Blueprint, as well as hit singles for musical artists including Alicia Keys, Ludacris, and Janet Jackson. His style of production originally used pitched-up vocal samples from soul songs incorporated with his own drums and instruments.Kanye West’s estimated Net Worth $70 million dollar.

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