India Budget 2010: FM Pranab Mukherjee hopes the economy will rebound back to 8.5 percent annual growth!

Finance Minister Pranab Mukherjee said that financial year 2009-10 was ending with clear signs of economic rebound and the growth would rise to about 8.5 per cent in the next fiscal.

Watch Budget 2010 analysis and discussion

The Central Statistical Organisation (CSO) in its advance estimates of national income projected 7.2 per cent growth rate for the current fiscal, up from 6.7 per cent a year ago.

"The Survey forecasts a GDP growth of 8.5 percent." - FM Mukherjee

The economy in the second quarter of the current fiscal ending September 2009 recorded a growth rate of 7.9 per cent, much more than anticipated by any analyst or think tank.Enthused by reforms and the strong fundamentals, the Economic Survey on Thursday predicted that India would bounce back to a high nine per cent growth in 2011-12 on the way to becoming world's fastest growing economy in four years.Projecting the economic growth to touch up to 8.75 per cent in 2010-11 and nine per cent in the next year, the Survey said: "It is entirely possible for India to move into the rarefied domain of double digit growth and even attempt to don the mantle" of the fastest growing economy in the world within the next four years.

While Mukherjee has little to give to poor people compared to whole budget scheme, I am very convinced that focus on economic growth really matters in this phase of Indian economy. When will leaders and policymakers learn these simple but important lessons in Kathmandu?

Read more...

Apple's father Steve Jobs "pursue your dreams and see the opportunities in life's setbacks -- including death itself !"

Drawing from some of the most pivotal points in his life, Steve Jobs, chief executive officer and co-founder of Apple Computer and of Pixar Animation Studios, urged graduates to pursue their dreams and see the opportunities in life's setbacks -- including death itself!

While addressing Standford University's 114th Commencement, Jobs delivered a keynote address that spanned his adoption at birth to his insights into mortality after being diagnosed with pancreatic cancer about a year ago. In plainspoken terms, his address struck a balance between the obstacles he has encountered during his notably public life and the lessons he has gleaned—for example, from his high-profile ousting in 1985 from the computer company he helped start. 

Watch out this inspiring video from one of the most creative person in the world! What really inspired to me is his clear view about life and death! 'Stay Hungry, Stay Foolish!'

Read more...

Scholarship for BBA/BCA/BA/B.Sc/ Fine Arts and Music sponsored by Embassy of India, Kathmandu

Embassy of India, Kathmandu invites applications on prescribed data-sheet from Nepalese nationals desirous of pursuing under-graduate courses in Computer Applications, Business Administration, Indian languages and Performing/Fine Arts in Indian Universities during the academic year 2010-11. Applicants should have passed Class 12 or equivalent examination, be between 17 years and 22 years of age as on 1^st July, 2010 and have a minimum of 60% marks in aggregate as well as in English in Class 12. Subject opted for under-graduate courses should be compatible with subjects studied in Class 12.

•Short-listed candidates would be called for interview in Kathmandu / Birgunj

•Selection will be based on the applicant’s academic record and performance in the interview. Confirmation of admission by the Embassy will be given only after the Indian University accepts the student.

•The short-listed candidates will be informed individually. They are advised to interact solely with the Education Wing, Embassy of India, Kathmandu or Consulate General of India, Birgunj about the scholarship scheme. The candidates should indicate their address and contact telephone numbers / e-mail address clearly on the data-sheet. Any change in address / telephone number should be intimated immediately through letter.

•Candidates belonging to and studying in Bara, Parsa, Rautahat, Dhanusa, Mahottari, Sarlahi, Makwanpur and Chitwan districts may send their applications to Consulate General of India, Shreepur, Birgunj. However, candidates from the above districts presently studying in Kathmandu may send their applications to Education Wing, Embassy of India, Kathmandu. All other candidates should submit their application forms to Embassy of India, Kathmandu.

•Candidates applying for Performing/Fine Arts have to submit the following along with the application forms:

(a) For Music: Sample photographs of their performances, video/audio cassettes or CDs

(b) B.A. (Fine Arts): 12 slides of candidate’s work

(c) Testimonial of two experts from their country in the specific

field opted for.

Only candidates who have passed Class 12 examination can apply for the above mentioned under-graduate courses.

Instructions for filling Data-Sheet

i) The data-sheet may be downloaded from the Indian Embassy websitewww.indianembassy.org.np and should be filled in legibly, preferably typed and should be submitted in five copies. Candidates are required to submit application at only one place i.e. either at Embassy of India, Kathmandu or at Consulate General of India, Shreepur, Birgunj.

ii) Candidates should affix attested photographs in the space provided in data sheet, attested photocopies of citizenship certificate and mark sheet of Class XII only. Originals need not be attached at this stage. Data-Sheet may be submitted personally or by post to the office of Attache (Education), Embassy of India, Kathmandu or at Consulate General of India, Shreepur, Birgunj along with the original counter foil (Bank Voucher) showing that the application fee of Rs.400/- has been deposited in Account No. 17725240000335 of any Nepal SBI Bank, Kathmandu. Outstation applicants may send Account Payee Demand Drafts in favour of Attache (Education), Embassy of India, PO Box – 292, Kapurdhara Marg, Kathmandu or Consulate General of India, Shreepur, Birgunj, not later than December 22, 2009. Forms will be accepted on all working days between 1000 hrs to 1200 hrs. Application fee once deposited will not be refunded or adjusted in any case to the candidate.

Read more...