We invite you to participate in Bank Tech Summit, an International
Conference & Exhibition, organized by Banknet India on the 22nd Sept
2005 at Taj Lands End, Mumbai, India. Nearly 300 senior level
banking and IT industry professionals are expected to participate in
the Summit from India, Australia, Cyprus , Malaysia, France, Japan,
Oman, Singapore,  UK,  USA, etc.

More than 20 speakers from regulatory bodies, banking institutes,
major banks, technology vendors and research companies across the
globe will address the Conference. 25 Major IT Companies will
showcase their products at the Exhibition.

Bank Tech Summit will provide a platform for knowledge sharing and
networking for professionals from BFSI & IT industries. Participants
attending this conference will gain greatly through the information
sharing, interaction and exchange of views with industry experts,
and networking with decision makers, to expand business
relationships and opportunities.

CONFERENCE AGENDA
Banks have made significant investments in IT but not many have
reaped appreciable benefits. Banks are therefore required to address
issues in moving from using technology to leveraging it for business
benefits. The theme of the summit is Leveraging IT for business
benefits in banks. The Conference sessions will focus on:

Session II- Disaster Recovery, Business Continuity, Core Banking
Session III- RTGS, Cheque Truncation
Session IV- Business Intelligence, Data mining, Customer
Relationship Management

Other related areas to be discussed at the conference include: Risk
Management, Alternate Payment channels, KYC, Cash Management,
Remittance etc.

SPONSORS: This Summit present excellent sales and marketing
opportunities.  There is a strong linkage between the conference and
the exhibition, as products/services relevant to the theme of the
conference will be showcased at the exhibition.

DELEGATES: There is an early bird discount for delegates up to the
22nd August 2005. To ensure bankers participation, more than 50%
discounts are offered to the delegates from banks.

For more information, please mail to us at
conference@...
  or visit: http://www.banknetindia.com

Banknet India and India's Top 10 Management Institute Narsee Monjee
Institute of Management Studies (NMIMS) are jointly conducting
Management Development Programmes on "Understanding Banking for IT".
First MDP Programme will be held from 28th to 30th July 2005 at
Mumbai.

This only of its kind programme attempts to bridge the gaps in domain
knowledge of the IT solution providers. This programme would provide
the basic understanding of banking requirements to the software
professionals which would enable the IT professionals manage both
development / customization and implementation of the solutions more
efficiently.

The programme addresses four broad areas in a span of three days
covering general aspects of the Indian banking industry, framework of
commercial banking, the various product segments, information flow,
the inter-relationships and the implementation issues.

This programme will be useful for Business Development executives and
software professionals involved in software development and project
management for banking solutions, young banking & finance
professionals, top management of banking software companies and
students of banking.

For more info: http://www.banknetindia.com/education/mdp_intro.htm

Banknet India's Conference on Payment Systems in Banks on the 20th
May 2005 at Taj Lands End, Mumbai will bring Reserve Bank of India,
major banks and technology companies on one platform to discuss the
issues and technology related to payment systems in banks.

Chief Technology officers and Business Heads from following banks
will speak and share their experiences and expectations in the
conference-ABN Amro Bank, Bank of India, BNP Paribas, Clearing
Corporation of India, Dena Bank, HDFC Bank, IDBI Bank, IndusInd Bank,
Kapol Cooperative Bank, Kotak Mahindra Bank, Shamrao Vithal Coop
Bank, State Bank of India, Union Bank of India, UTI Bank, Yes Bank.

Top Management from Indian Institute of Bankers and Reserve Bank of
India will also address the conference.

Reserve Bank's Roadmap for Payment System upgradation in Banks,
Technology and Payment Systems, Cheque Truncation System, Real Time
Gross Settlement (RTGS), Cash Management, Internet Banking, Mobile
Banking, ATMs etc will be discussed and debated at the Conference.

Conference will feature 8-9 presentations/ case studies. This will be
followed by panel discussions and Q&A session.

For details and registrations, please visit
http://www.banknetindia.com/payment.htm

Banknet India's conference on Payment Systems in Banks- Challenges
and Opportunities, the only event focused on issues and technology
related to payment systems in banks will be held on 20th May 2005 at
Taj Lands End, Mumbai.

Participation in Conference is Free for Senior Bankers (Limited
invitations)

Conference will bring together nearly 20 CTOs CEOs and Business heads
on a single platform and around 150 senior level participants from
banking and IT industry.

Technology and Payment Systems, RTGS, Cheque Truncation, Cash
Management, S.W.I.F.T/EFT/ ECS, Internet Banking, Mobile Banking,
Credit/Debit Cards, ATMs etc will be discussed and debated at the
Conference.

For sponsorship, speaker opportunities and delegate registrations,
please mail to: conference@...

Read more at: http://www.banknetindia.com/payment.htm

Banks authorised to deal in foreign exchange in India may now permit
a resident power of attorney holder to remit, through normal banking
channels, funds out of the balances in NRE and FCNR (B) account to
the non-resident account holder.

Read more at: http://www.banknetindia.com/banking/poa.htm

Banknet India's CTO Summit held on 21st February 2005 brought
together 28 CTOs, CEOs and Business heads from 15 banks and 5 IT
companies to discuss the role of IT in managing risk in banks,
leveraging IT for business benefits for banks, challenges of multi-
channel strategies in banks, approaches to core banking solutions.

Speakers and panelists at CTO Summit were of consensus that
technology will be the key for banks in their effort to implement the
Basel II norms. Technology is essential for Basel II norms because of
needs like data collection, computation of the audit trail and
reporting between the various departments and across the ranks within
banks.

Experts agreed that data collection; networking and risk management
will be the key areas where banks will need to implement technology,
in their efforts to achieve standardization. A centralized IT
infrastructure, customized software solutions, personnel training and
seamless integration of multi-channel strategies are the imperatives
for management of credit, market and operations risks.

Read more at: http://www.banknetindia.com/ctopress.htm

Banknet India is organizing the CTO Summit on Monday, February 21,
2005 at Taj President, Cuffe Parade, Mumbai, India. CTO Summit will
bring together around 30 speaker/ panelists and more than 100 senior
level participants from banking, IT industry.

Speaker/ panelists at the summit will consist of 16 CTO's and
Business Heads from major banks, Top IT experts, representatives from
major consultancy firms, regulatory and other institutions.

SUMMIT AGENDA

The focus areas and session tracks at CTO Summit will revolve around-
Role of IT in managing risk in banks,
Leveraging IT for business benefits for banks,
Challenges of Multi-channel strategies in banks,
Approaches to Core banking solutions.

Some of the key issues that would be discussed at the summit would
include Risk Management, Money Laundering, Basel II, Business
Intelligence (Data mining), CRM, ATM, e-banking, mobile banking and
Core banking.

WHY THIS SUMMIT IS DIFFERENT

The only event with nearly 16 CTO's & Business heads from banks on a
single platform.

Unmatched speaking faculty and agenda.

High percentage of senior level participants.

Extensive interaction and one-to-one sessions with industry experts.

Unmatched opportunity for senior bankers & IT professionals to
exchange views and networking.

One-day event, specifically designed for today's executives whose
time is more precious than ever.

Contact email- summit@...
Summit details at- www.banknetindia.com

Banknet India, a research company focusing on IT deployment in the
banking industry has released it's second White Paper on Banking
Systems 2004, at the India Banking Summit in Mumbai.

The White Paper covers the findings of the survey conducted by
Banknet India during 2003-04. Banking Systems Survey 2003-04
attracted responses from 45 Banks and 54 IT companies. Respondents
included CEO's, COO's, CTO's, GM's, VPs, Marketing
and IT Heads.

According to Mr. Anurag Khanna, MD & CEO of Banknet India, "As
compared to responses from 24 banks in the first survey, our second
banking system survey received responses from 45 banks. The white
paper will be of great value to banks and IT companies alike. The
findings of this white paper will create a better understanding about
the trends, practices and requirements related to the IT in
banking."


THE SALIENT FINDINGS OF THE SURVEY INCLUDE:

PRODUCT SELECTION CRITERION: "Functionality" of the software
product
or application according to the respondents from both banks & IT
companies.

VENDOR SELECTION CRITERION: Both banks and IT companies agree on the
top criterion for vendor selection being the "Track record"
of the software vendor.

OPERATIONAL AREAS IN DEMAND: The area of "Risk management" is
being given the highest priority by banks. "Core banking" and
"Asset Liability Management" rank next in the priority.

DECISION MAKING PROCESS: Indian banks normally follow a 3-stage
process. According to the majority of IT companies, a bank takes more
than six months to select an IT application.

IT PROCUREMENT PROCESS: Most banks prefer the RFI/RFP approach for
their selection process.

COMPUTERIZATION OF BRANCHES: 94% of the participant banks claimed to
have more than 75% of the branches computerized

NETWORKING OF BRANCHES: 43% of the banks surveyed have less than 50%
of their branches networked.

OUTSOURCING IN BANKS: As many as 36% of the participating banks have
outsourced IT related services. ATM Management is one of the most
preferred outsourced activities.

SUCCESSFUL IMPLEMENTATION: Clear understanding of requirements by the
IT Company is considered to be the most important factor for the
successful and timely implementation of the IT projects in banks.

TARGET GEOGRAPICAL AREAS: South East Asia is considered the top
geographic target area by 28% of the respondent IT Companies,
followed by the North America.

MAIN HUB: Mumbai remains the hub for banking technology companies due
to its proximity to decision makers in the banking industry.

In addition, the white paper has also analyzed issues related to the
Payment Cycle, Quality certifications, Tracking IT requirements in
banks, Technology awareness in banks, Brand building by IT Cos,
Budget outlay of banks, among others.

SPECIAL OFFER- White Paper is available in PDF Format. Buy now and
get free White Paper on Banking Systems 2002-03 worth Rs 400 (US$10).
Details & online booking at http://www.banknetindia.com/books/list.htm

Visit us at: http://www.banknetindia.com

Banknet India invites you to participate in "India Banking Summit"-
7-8 December 2004, Renaissance Hotel and Convention Centre, Mumbai.

India Banking Summit, supported by Banknet India provides the banking
industry with a unique platform to exchange ideas and discuss new
developments. Showcasing innovation and highlighting new growth
markets, the two day conference brings together over 30 eminent
speakers including CEOs & CTOs to examine the latest developments in
banking technology, risk management, retail and rural banking,
capital markets and regulation.

India Banking Summit will attract large number of senior decision-
makers from across the private, public and community banking sector.
Participation in the summit will provide a major networking
opportunity.

Read more at- http://www.banknetindia.com

Hi,
This seems to be the Right group, which can help. I
would like to know the opinion about the banks, which
are offering NRE/NRO services, I am interested to
know, which one are better, based on cost and service
TIA




__________________________________
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Meet the all-new My Yahoo! - Try it today!
http://my.yahoo.com

Credit Policy announced by Reserve Bank of India, today, signals
stability and growth. Ceiling on Interest Rates on NRE Deposits
raised by 50 basis points over US dollar LIBOR/SWAP rates of
corresponding maturities. Banks may fix the ceiling on interest rates
on FCNR(B) deposits on monthly basis. Minimum tenor of retail
domestic term deposits reduced to 7 days.

While, Bank Rate has been kept unchanged at 6.0 per cent,
Repo rate hike of 0.25 per cent is basically to reduce excess
liquidity and help in controlling inflation. So further hike in bank
lending rates are generally ruled out,in near future.

Check out Special secion on credit policy at:
http://www.banknetindia.com/banking/policyoct04.htm

OR Visit- http://www.banknetindia.com

Seminar on "IT for Banks - International Trends, Best Practices &
Singapore Experience" is organized by IDA, Singapore in association
with Banknet India. Infocomm Development Authority (IDA) is a
Singapore government agency involved in policy, promotion,
regulation, and industry development. Banknet India is a research
company that focuses on IT deployment in the banking industry.

Eminent overseas speakers will talk on - Infocomm Technologies in
Singapore's Banking Industry, Payment Trends in Singapore,
Transformation to Next Generation Banking, and Cheque Truncation
System.

Seminar will be followed by Cocktails and Networking Dinner.

Participation in Seminar is Free for senior bankers, but subject to
availibility. Only 10 delegates slot are now available.
For more information visit- http://www.banknetindia.com

An exclusive club for bankers has been recently launched. Banknet
Club's objective is to serve the informational, networking, career,
educational and leisure needs of upwardly mobile bankers.

Access to the Banknet Club section is restricted and is only
available to the Club members. Members will have exclusive access to
Business Resources, Networking & Discussion Forum, Networking Events,
Special Discounts, Panel of Doctors & much more...

This Club is an initiative of Banknet India, promoted & managed by
senior bankers. Nearly 25,000 bankers from 30 countries are
subscribers of the publications and newsletter of Banknet India.

If you are interested in joining the Banknet Club, please visit the
following links for more information-

http://www.banknetindia.com/club/club.htm

OR-

http://www.banknetindia.com

Banknet India has released the second edition of "NRI's Handbook for
Banking & Investments", updated up to July 2004. The first edition of
NRI's Handbook was a big success among Non Resident Indians (NRIs),
Bankers, Foreign investors & Consultants from more than 25 countries.

New edition, incorporates the changes in last 12 months, including
those outlined in Indian Budget 2004-05. Second edition of the
handbook has been brought out in view of the wide ranging changes in
the guidelines related to Non Resident Indians in the areas of
definitions, rate of interest, deposit schemes, repatriation,
remittance, taxes etc.

This handbook edited by Senior Bankers, including those who have
worked in the Reserve Bank of India & Treasury of Banks, provides
updated & authentic information at one place. Handbook is divided in
11 Chapters and nearly 50 subsections and is available in PDF format
at www.banknetindia.com

Handbook provides definitions of Non-Resident Indian (NRI), Foreign
Citizen of Indian Origin, Person of Indian Origin (PIO), Overseas
Corporate Body (OCB), Detailed note on all the different types of
accounts including rules regarding repatriation; Detailed account of
all the Investment options available to the NRIs both on repatriation
and non repatriation basis; Foreign direct investment, Foreign
Technical collaborations, Issue related to ADRs / GDRs, Portfolio
Investments, Acquisition of immovable property; Various type of
loans, Facilities for Insurance, Education, Tax concessions etc.

Handbook also covers the facilities available to Returning Indians,
PIO Cards, List of Indian banks offering Internet Banking facilities,
Categories of Visa to India etc.

NRI's handbook in PDF format is available at:
http://www.banknetindia.com/

Sudden decision of Reserve Bank of India (RBI) and Indian Government
to place Global Trust Bank (GTB) under Moratorium has caught more
than 8.5 lakh customers of the bank unaware and shocked.

The moratorium will be effective from the close of business on
Saturday, July 24, 2004 up to and inclusive of October 23, 2004 or an
earlier date. During the period of moratorium, the depositors of the
bank will be permitted to withdraw up to Rs 10,000 rupees (US $216)
from their savings bank account or current account or any other
deposit account.

To read- Notification of Reserve Bank of India, Countdown to collapse
of GTB, What is in store for GTB customers? Clarifications issued by
RBI, Indian Goverment, you can visit:
http://www.banknetindia.com/banking/gtb.htm

The Union Budget 2004-05 has hiked income tax exemption limit to Rs 1
lakh but imposed a 2 per cent education cess on all central taxes.
There is no change in interest rates on small savings schemes.
Government is targetting for 7 to 8 % GDP growth and eliminating
Revenue deficit by 2008-09.

Visit our Special Section on Indian Budget and read the Full Budget
in just 12 clicks. Also read about budget basics, budget glossary
budget highlights, economic survey 2003-04, articles policies, daily
news and join Discussions

Click the following link:

http://www.banknetindia.com/banking/budget.htm

Hi,

In reply to your question, yes it does happen that no interest is
paid. The reason for this is the partial convertibility of the rupee
against foreign currency. The RBI allows interest to be paid on any
foriegn deposit only if it is held for a minimum of one year.
Therefore this rule. I dont understand what you mean by RI deposit.

Regards,

ashish_nm


--- In nriinvestmentinindia@yahoogroups.com, "nag_inv"
wrote:
> Hi Everybody
>
> If a NRI fixed deposit is cancelled with
> in 6 months , is it true that bank will take
> back all the interest paid (if it is 5th month
> too).
>
> Is it the same for RI fixed deposit?
>
> If it is not, then why this discrimnation.

Exclusive three day workshop for banks, financial institutions and
insurance companies on "Building a cost effective business continuity
and disaster recovery framework", is organised from 10th Jun to 12th
Jun 2004 at Taj Lands End, Mumbai.

This workshop has been created by Asia Knowledge in association with
Banknet India, after substantial research and using the model laid
down by RBI and SEBI, covering the latest developments on the Basel
II norms.

Andrew Hiles, workshop leader is one of the world's preeminent
educators and expert on BCP and DRP. Successful completion of this
course will provide delegates with one year 'Affiliate Membership' of
the Business Continuity Institute (BCI). Click following link for
more details

http://www.banknetindia.com/BC_DR.htm

On Wednesday, May 12, 2004 8:36 PM [GMT+1=CET],
centaur_sr@ wrote:

> Volume IV Issue 1
> May 12, 2004
>
> I received an interesting report 'India Outlook 2004-05' prepared  by
> Asian Development Bank.
>

What about the situation now with new govt?
--�
Kailash N. Srivastava

Volume IV Issue 1
May 12, 2004

I received an interesting report 'India Outlook 2004-05' prepared  by
Asian Development Bank.

Quote

The medium-term economic growth outlook is buoyant. The economy is on
the upswing of a business cycle, which is in turn riding on an
accelerating long-term growth path. The high growth momentum is
likely to be sustained through FY2004-FY2005. This forecast is based
on the assumption that sound macroeconomic fundamentals will be
maintained, including the expected initiation of a serious fiscal
consolidation effort following elections in May 2004; that business
sentiment will continue to strengthen inside and outside the country;
and that there will be normal monsoons during the period. Based on
these positive assumptions, GDP is forecast to grow at 7.4% in 2004,
with trend growth of 3.0% and 8.0% in agriculture and services,
respectively, and 10.2% in industry, which reflects a peaking of the
industrial business cycle that started in FY2002, prior to the upturn
of the GDP business cycle. Despite the downturn of the industrial
cycle in FY2005, higher services growth of 9.0% is expected to lead
to aggregate growth of 7.6%. In terms of the contribution to growth
of different components of aggregate demand, consumption growth has
the largest estimated share of 52.2% during FY2004-FY2005, followed
by 36.3% for investment, 9.5% for government consumption, and 2.0%
for net exports. However, over 80% of the change in consumption
demand is itself endogenously derived from income growth. Thus,
analytically it is the contribution of investment growth that must be
regarded as the leading determinant of the rate of GDP growth.

The positive assumptions underlying the projections above have
associated risks. If the new Government that takes over in May 2004
fails to come to grips with the fiscal deficit and other urgent
reform issues, this will erode business confidence and undermine
investment, resulting in reduced growth. A shift in international
investor preferences could curb or even reverse the inflow of foreign
capital since much of the current capital inflows are easily
reversible. This calls for a cautious policy with regard to capital
account liberalization. Finally, a setback in agriculture due to poor
monsoons could be damaging for growth, and especially for employment
and poverty reduction.

Of all these risks, the link between fiscal consolidation,
investment, and growth is particularly important. The private sector
savings rate is about 26% of GDP, while the private sector investment
rate is only around 16%. Thus, over 10% of GDP or 38.5% of private
savings is appropriated for the public sector. However, since there
is a dissaving of about 2.0% of GDP in the public sector, and a small
current account surplus, the investment rate has remained at around
23-24%. The 10th Plan growth target of 8.0% assumes an increase in
the investment rate to 28.4% of GDP and a public investment rate of
8.4% of GDP, including financing by public savings of about 0.44% of
GDP. These targets and assumptions are unrealistic, since even this
modest public sector surplus implies a sharp fiscal turnaround from
the dissaving at present. However, assuming that the new Government
will launch a serious fiscal consolidation effort and achieve some
reduction in public dissaving, the overall savings rate is expected
to rise to 24.8% and 25.3% of GDP in FY2004 and FY2005, respectively.
The investment rate is projected at 24.5% and 25.0% of GDP during
these 2 years, allowing for a small current account surplus of 0.3%
of GDP.

Taking advantage of declining interest rates abroad and the large
inflow of foreign capital, India has been prepaying some of its high-
cost external debt. This process is likely to continue over the
medium term, reducing the external debt ratio from about 18.0% in
FY2003 to around 16.0% in FY2004 and further to 15.0% in FY2005. Debt
prepayment has also moderated the appreciation of the exchange rate
and the impact of capital inflows on the monetary base. The central
bank is expected to continue the policy of sterilization within an
accommodative monetary policy stance. Accordingly, money supply
growth is likely to remain in the range of 13.5-13.6% over the
forecast period, and inflation will remain moderate at 4.7-5.0%.

Per capita income will be rising through FY2004 and FY2005 because of
GDP growth well in excess of low and stable population growth,
leading to a decline in the poverty ratio, though its pace will
depend on employment growth, especially in the agriculture sector.
Even then, the poverty-reducing impact of agricultural growth is
expected to be weak
because of low employment growth in the sector.

An alternative route to employment growth is through progressive
transfer of the work force from agriculture to industry and services.
Unfortunately, expansion of the modern services sector has created
mainly high-skill, high-productivity jobs rather than mass
employment. The observed higher growth of employment in the industry
sector is more
promising. The employment share of industry, only around 17% at
present, will rise if the recent strong growth of industry can be
sustained through high investment. More important, with continuing
high public investment in transport and communications
infrastructure, as the rural and the urban economies become better
integrated, this will give an impetus to the growth of industry and
services in rural areas. This should in turn lead to rapid growth of
rural off-farm employment, rising rural incomes, and further
generation of rural employment.

However, the development of this virtuous cycle is a long-term
process. Hence it would be unrealistic to expect a major improvement
in employment growth or poverty reduction in the medium term. The
same applies to the Millennium Development Goals (MDGs), where
India's performance has been mixed. While some targets, such as
enrollment for primary education and access to improved water
sources, are on track, others, such as female secondary enrollment
and reduction in infant mortality, are lagging. The 10th Plan set up
its own monitoring targets, which are more demanding than the MDGs,
and also called for an 80% increase in social sector spending to
speed up social development.

The accomplishment of these goals will depend both on successful
fiscal consolidation and on improvements in governance to ensure
better delivery of education and health services. Thus, dramatic
improvements within the next couple of years are unlikely. However,
social indicators are improving, albeit gradually, and the MDGs for
2015 are certainly achievable if the required reforms are pursued
with determination.

Unquote

Courtesy HDFC AMC Ltd

S.Rajagopal
Owner & Moderator
CentaurFinance
Certified Financial Advisors & Distributors of Franklin Templeton,
HDFC MF, HSBC MF, IngVysya MF, Principal MF, Reliance, Tata MF, UTI
etc.
CENTAUR Financial Services Pvt.Ltd.
108, 4th Street, Karpagam Avenue
Raja Annamalaipuram
CHENNAI 600028 India

"Best Practices & Challenges in Business Process Outsourcing 2004",
is one-day conference cum two-day training workshop, held from 7th
June to 9th June 2004 at Taj Lands End, Mumbai.

This conference cum training workshop, brought to you by Asia
Knowledge in association with Banknet India, will provide
delegates with a clear strategy and uncomplicated solutions that will
help you look in depth into the growing concerns faced by this sector.

You will have the great opportunity to network with the workshop
leader, Andrew Hiles , one of the world's preeminent educators
and experts. For more details click following link-
http://www.banknetindia.com/bpoworkshop.htm

"Doing Business in India" is the only comprehensive & updated
reference guide, which is available in PDF format & edited by senior
professionals. It has been bought by foreign Investors, consultants,
bankers, finance professionals, foreign corporates & NRIs from 22
countries, including India. Book covers nearly all the information,
one will ever require.It has 13 chapters, 81 sections, 7 annexures,
38 tables & charts.

It covers- Economic Scenario, Political & Legal Regulations,
Infrastructure, Taxation, Accounting & Auditing, Employment Issues,
Business & Investment Guidelines, Market Entry Strategy, Setting Up
Operation in India, Indian Business Culture, Visa Guide Web-Site of
States,Ministries And Departments and Contact Details & much more.
For more details & special 15% discount, click at:

http://www.banknetindia.com/books/business.htm

PS: Banknet India promoted & managed by senior bankers is an IT
focused banking research company. Banknet India brings out
publications & reports specific to Banking, IT, BPO industry based on
extensive industry research & surveys. Publications are
written/edited by senior industry professionals.

Visit India's only Banking & Technology Portal at:
http://www.banknetindia.com

Sir/Madam,
			 I' am a student doing my first year of B.Tech-
Industrial Bio-technology and going to enter the second year during
the academic year 2004-2005.
			 I have been selected by the Congressional
Youth Leadership Council founded in 1985 and located in Washington,
D.C. to represent INDIA as a Global Scholar at a session of the 2004
Global Young Leaders Conference [GYLC] � to be held this summer in
Washington, D.C. and New York City. I've been extended
congratulations on behalf of the over 400 members of the Honorary
United States Congressional Board of Advisors for my outstanding
academic achievements. This is a once in a life-time opportunity that
which I have received. I will be proud to represent India in its
present state of rapid economic and technological development at this
Global conference where students from over 80 countries assemble.
			 As I hail from a normal middle-class family,
I' am unable to accept the invitation for the conference. The entire
cost of attending the conference is around Rs. 1, 80,000. Already, my
family is burdened by just paying the very high tuition fees
prescribed by the Tamil Nadu government for engineering students.
			 Hence, I request, you to please help me fund
my trip to represent INDIA as the developing super-power of the world.
			 I would be very happy to receive a reply from
you. I'm positively hoping to receive some form of financial aid or
directions to receive financial aid. Please make my "IGNITED MIND fly
with the WINGS OF FIRE" and represent INDIA as an emerging super-
power in all fields. Please reply soon as I have to confirm my
presence in the conference within the deadline.

Yours truly,
KRISHNAMURTHY.G
15/7, C.V. Raman Road,
Alwarpet,
Chennai
600 018

E-mail: kris_sany@...
Phone: 044-24672929

Seminar on BPO in the Financial Sector- Challenges & Opportunities,
is being organized by IIBF in association with Banknet India, on the
5th March 2004. Speakers are Senior Professionals from Banks,
Insurance Company, Mutual Funds & BPO. Seminar will also include an
Open Question/Answer Forum for participants.

Indian Institute of Banking & Finance (IIBF) is the premier
professional body of nearly all banks & financial institutions in
India. Banknet India is an IT focused banking research & marketing
company and regularly brings out publications and reports
specifically related to Banking, IT, BPO industry based on extensive
industry research and survey. It has conducted First survey in India
on BPO in the Financial sector in 2003 and published, "Report &
White
Paper on BPO in the Financial Sector".

Participation is Free, but strictly on invitation, for Top Executives
and Senior Executives from HR & Training Departments of BPO/ITES/Call
Center Companies.

More details at: http://www.banknetindia.com
http://www.banknetindia.com/books/list

The Interim Budget for 2004-05 has merged 50 per cent of Dearness
Allowance with basic pay for central Government employees. However,
no changes in the Income Tax structure were proposed....

Government has announced `mini exim policy'. According to Commerce
Minister, these announcements are only `procedural changes' to fine
tune the 2002-07 EXIM Policy...

The rupee is likely to touch 43.50 & foreign exchange reserves are
expected to reach $114 billion to $115 billion by the end of calendar
2004...

Government has allowed citizens to freely remit up to $25,000 a year
overseas and the Indian companies to invest up to 100 per cent of
their net worth abroad...

RBI has issued guidelines for transfer/ allotment of shares in
private banks....

Indian banks are running high costs in retail business & need to
rationalise....

Prime lending rates of banks are moving downwards...

READ UPDATED & DETAILED STORIES/NEWS DAILY AT:

http://www.banknetindia.com/banking/bn11299.htm

"Doing Business in India" is the only comprehensive & updated
reference guide (Edition- September 2003), which is available in PDF
format & edited by senior professionals. It has been bought by
foreign Investors, consultants, bankers, finance professionals,
foreign corporates & NRIs from 22 countries, including India. Book
covers nearly all the information, one will ever require.It has 13
chapters, 81 sections, 7 annexures, 38 tables & charts.

It covers- Economic Scenario, Political & Legal Regulations,
Infrastructure, Taxation, Accounting & Auditing, Employment Issues,
Business & Investment Guidelines, Market Entry Strategy, Setting Up
Operation in India, Indian Business Culture, Visa Guide Web-Site of
States,Ministries And Departments and Contact Details & much more.
For more details & special 15% discount, click at:

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PS: Banknet India promoted & managed by senior bankers is an IT
focused banking research company. Banknet India brings out
publications & reports specific to Banking, IT, BPO industry based on
extensive industry research & surveys. Publications are
written/edited by senior industry professionals.

Visit India's only Banking & Technology Portal at:
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The Government of India has awarded the Pravasi Bharatiya Samman
(award) to astronaut Kalpana Chawla and eleven other Non Resident
Indians and Persons of Indian Origin.

Other who have been selected for the award are:

Ahmed Moosa Ebrahim, former chief of Zimbabwe Cricket Union

Bharrat Jagdeo, President of Guyana

Prof Deepak Jain, Dean, Kellog's Business School, North Western
University, Chicago

Fitz Remedios Santana De Souza, former deputy speaker from Kenya

Mahendra Pal Chaudhuri, former prime minister of Fiji

Mariam Chisti from Kuwait

Lord Meghnath Desai from the United Kingdom

Narender Singh Kapany from the US

P Mohammed Ali from Oman

Shashi Tharoor, United Nations Under-Secretary General for
Communications

Sukhi Turner, wife of former New Zealand cricketer Glenn Turner


The awards were presented by the Prime Minister at the three-day
second Pravasi Bharatiya Divas. The award comprises a gold medal and
a citation.

More at: http://www.banknetindia.com/banking/bn11299.htm

Indian students studying abroad will henceforth be treated as NRIs
under the Foreign Exchange Management Act. They will be eligible for
receiving remittances from India up to $1,00,000 from close relatives
from India on self-declaration towards maintenance, which could
include remittances towards their studies also, and up to $1 million
out of sale proceeds/balances in their account maintained with an
authorised dealer in India.

They will also be eligible for all other facilities available for
NRIs under the Foreign Exchange Management Act (FEMA) and educational
and other loans taken as residents in India by them would be allowed
to continue.

For more such information:
http;//www.banknetindia.com/books/handbook.htm

RBI has allowed investments by NRIs or Persons of Indian Origin
(PIOs) in the capital of an entity or a proporietary concern on a non-
repatriation basis. It is subject to that the firm or proprietary
concern has not engaged in any agricultural plantation or real estate
business, immovable property with a view to earning profit or earning
income.

For more such information:
http;//www.banknetindia.com/books/handbook.htm

Banknet India has simultaneously released "How & Why of
Outsourcing- A Manual for both Client & Provider". This Manual has
drawn from the findings & experiences of various consultancies,
corporates as well as from the guidelines of several regulatory
authorities across the globe. This is a must read for the top
management of outsourcer (client companies) & service providers
(BPO/ITES companies). Senior professionals & consultants related to
outsourcing activity will find this book of immense help in
understanding the complexities of outsourcing activities. It will
also prove very useful for the companies who are planning to
outsource in near future.
Details at: http://www.banknetindia.com/books/outsource.htm

PS: Banknet India promoted & managed by senior bankers is an IT
focused banking research & marketing consultancy. Banknet India
brings out publications & reports specific to Banking, IT, BPO
industry based on extensive industry research & surveys. Publications
are written/edited by senior industry professionals.Banknet India
provides consultancy services to Banks, BPO/ITES & IT companies & has
more than 50 clients.

Details & online booking of other Publications at
http://www.banknetindia.com/books/list.htm