Country-made solution to intercept Blackberry services

Jaipur: To provide a concrete solution for interception of data sent using Blackberry messenger, a Jaipur-based IT company has claimed to have developed a mobile communication service for all users that will work under the orbit of Indian law, reports PTI.

"The issue that the online usage of BlackBerry phones cannot be monitored by the government will be fully solved with our service 'Bharat Berry', a country made compliant product designed keeping in consideration with all necessary Indian laws and works with all BlackBerry and other phones," Data Infosys Limited founder and CEO Ajay Data told PTI here today.

The service 'Bharat Berry' was on testing mode for the past few days and the state chief minister Ashok Gehlot formally launched it here today.

"The Bharat Berry service provides more advanced push mail on BlackBerry handsets and ensures that the user remains connected to email, calendar and contacts through the servers hosted in India."

"It also provides over-the-air (OTA) synchronization of calendar and contacts to outlook, so there will be no need to take a backup of attach with the computer," he said, adding that the unique service was developed with months of hard work.

Bharat Berry works through a mix of its very advanced email server known as XGeNPlus and open source technologies.

“Our servers are hosted in India; hence there is no compliance issue,” he said.

"Unchecked terrorist activities are the major concern of security agencies, as it can escape detection by using BlackBerry's coded services. We are providing a concrete solution to the problem that has left lakhs of BlackBerry phone users in limbo," he said.

For enabling access to all services, including emails, users will be charged Rs100 per month, while to ensure access and synchronization of calendar and contacts, the user will have to pay Rs50 per month, he said.

The Bharat Berry software can be purchased online and also can be downloaded from the website — www.bharatberry.com.

"Lakhs of people are using BlackBerry phones today and there is no certainty that the company will continue to work in future following the controversy. In such a scenario, we are ready with similar service on low charges," Nitin Walia, director of the company, said.

The government has given Research In Motion (RIM) time until end of January 2011 to give its intelligence agencies full access to all BlackBerry services, which are currently routed through a server located outside the country.

There are around one million BlackBerry subscribers in India. RIM offers the BlackBerry services in 175 countries across the globe.

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Personal finance Friday

HDFC MF unveils HDFC FMP 35D October 2010 (1); Religare MF launches Religare Fixed Maturity Plan-Series IV-Plan A (3 Months); Fidelity MF revises exit load structure under Fidelity Gilt Fund; J&K planning to introduce crop insurance scheme

HDFC MF unveils HDFC FMP 35D October 2010 (1)

HDFC Mutual Fund has launched HDFC FMP 35D October 2010 (1), a close-ended income scheme.
The investment objective of the plan under the scheme is to generate income through investments in debt/money-market instruments and government securities maturing on or before the maturity date of the respective plan.
During the new fund offer (NFO), the units will be offered at face value of Rs10 per unit. The tenor of the plan is 35 days. The NFO opens on 29th October and closes on 1st November. The minimum investment amount is Rs5,000. CRISIL Liquid Fund Index is the benchmark for the plan. The 35 days plan is managed by Bharat Pareek.

Religare MF launches Religare Fixed Maturity Plan-Series IV-Plan A (3 Months)

Religare Mutual Fund has launched Religare Fixed Maturity Plan-Series IV-Plan A (3 Months), a close-ended income scheme.
The investment objective of the plan is to generate income by investing in debt and money-market instruments maturing in line with the duration of the scheme.
During the new fund offer (NFO), the units will be offered at face value of Rs10 per unit. The scheme offers growth and dividend (payout) option. The exit load for the plan is nil. The NFO opens on 29th October and closes on the same day. The minimum investment amount is Rs5,000. The minimum target amount is Rs1 crore.

Fidelity MF revises exit load structure under Fidelity Gilt Fund

Fidelity Mutual Fund has revised exit load structure under its scheme - Fidelity Gilt Fund. As per the revision, scheme will not charge any exit load. Earlier, the scheme charges 0.5% as exit load, if the investment is redeemed within six months from the date of allotment. The revision has been effect from 27 October 2010. The scheme is managed by Vikram Chopra and Shriram Ramanathan.

  J&K planning to introduce crop insurance scheme

The Jammu and Kashmir government is planning to introduce crop insurance scheme for farmers to protect them against losses caused by weather vagaries and other reasons.
"With a view to protect the interests of the farming community, particularly orchardists, government is mulling to introduce crop insurance scheme (CIS) in the state on the pattern of neighbouring states," Minister for Horticulture and Floriculture Sham Lal Sharma said.
Sharma was addressing the officers and farmers at village Zainapora in Shopian district after inaugurating a micro-irrigation scheme set up at a cost of Rs45 lakh.
The minister said all efforts will be done to boost the production of fruits in the state.
He stressed upon the development of hybrid varieties of apples and other fruits that suit the local conditions to compete in the national and international markets.
 

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Tax implications of large cross-border deals to be checked

New Delhi: The finance ministry today said it is looking into tax implications of all large cross-border mergers and acquisitions, against the backdrop of the Supreme Court decision in the Vodafone case, reports PTI.

"The Department of Revenue is looking at all large financial transactions. We are definitely looking at cross-border transactions," revenue secretary Sunil Mitra said on the sidelines of a Federation of Indian Chambers of Commerce and Industry (FICCI) event here.

"Cross-border transactions are a recent phenomenon. They have started since 2006, so there is need to look into these and study these," he added.

Responding to a query on whether the ministry is looking into more companies after the Vodafone tax issue, which embroiled the tax office and the international cellular operator in a major court battle, Mr Mitra said the department has been doing so even before Vodafone happened.

"Vodafone happened in middle of 2007. We have been looking into a number of cases, acquisitions that have happened through overseas transactions," Mr Mitra said.

The government last week asked Vodafone to pay Rs11,218 crore in taxes within a month for the acquisition of Hutchison's stake in the telecom joint venture in India in 2007.

The notice was issued following the Supreme Court directive on 27th September to the Income Tax (I-T) assessing officer to determine and quantify the tax liability of Vodafone within four weeks. Vodafone Essar, however, contested the tax notice.

The case relates to a deal in 2007 when Vodafone, through its group firm Vodafone International Holdings, bought Hutchison Telecommunications India's (HTIL) 67% stake in Hutchison Essar for over $11 billion.

"The tax demand has been raised in pursuance to the direction of the Supreme Court of India dated 27th September to the Income Tax Assessing officer to determine and quantify the tax liability of Vodafone within four weeks," an official has statement said.

Last month, the Supreme Court had refused to stay an earlier high court order, which ruled that Indian income tax authorities have jurisdiction to tax Vodafone on its deal with Hutch.

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