Leisure, Lifestyle & Wellness
Flightradar24: Check the Live Air Traffic
See the actual position of any flight anywhere in the world
 
This site captures live air traffic from around the world. It shows in great detail, the actual position of each flight which is in the air at any point of time, visually, on a map. When you visit the website, you will see a map, on which you will see an array of aircrafts with their current, live positions. If you click on any aircraft, on the left panel, you will be presented with the flight no., source and destination, current altitude and speed, cockpit view (in 3D Mode) etc, etc. You can even search for a specific flight and trace its path as it moves—anywhere in the world. It may take a while to load; but, once it is on, you will be blown over. So, if you are tracking a flight online, this is a great tool! 
 
Yazdi Tantra is a chartered accountant by training, computer consultant by profession, entrepreneur-developer by hobby and trainer in his leisure time. He is currently the vice-chairman of Zoroastrian Co-operative Bank Ltd and has been running a medium-sized computer company ON-LYNE for the past 24 years. 
 

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Has the buying trend of FIIs and MFs reversed?
Mutual funds report a net outflow for the first time in 23 months and FIIs report the highest inflow in 24 months
 
Mutual funds report a net outflow in March 2016 for the first time since April 2014. In March 2016, MFs reported selling stocks worth Rs6,907 crore (as on 29 March 2016). This was the highest outflow since September 2010. Foreign Institutional Investors (FIIs) who were selling more than buying over the past nine months, turned in to net buyers in March 2016. FIIs bought stocks worth Rs19,111 crore (as on 29 March 2016), the highest since March 2014. In FY15-16, MFs reported a total inflow of Rs67,179 crore, with 11 months of consecutive inflows from April 2016 to February 2016. Similarly, FIIs were net sellers for seven months in FY15-16 and reported a total net outflow of Rs22,591 crore for the year. Has the trend now changed?
 
In August 2015, when FIIs sold as much as Rs17,248 crore, the highest outflow since that reported in January 2008, many started comparing the market turmoil to that of the financial crisis. However, an outflow now is not comparable to an outflow seven-eight years back, like we had pointed out hereFII outflows worse than October 2008? Not really! The outflows in August 2015 or January 2016, though significant, were not as high as seen in January 2008 or October 2008.
 
For most part of FY14-15, FIIs and MFs were net buyers. This led to a rally of 34% as the Sensex went from around 22,400 in March 2014 to a peak of 30,000 in March 2015. MFs had pumped in Rs40,714 crore while FIIs put in as much as Rs1.09 lakh crore. However, turmoil in the global markets and crash in crude oil prices saw FIIs turn from net buyers to net sellers. A huge outflow in August 2015 led the Sensex to fall to a low of 25,200, and raised fear amongst investors. However, subsequent outflows in the following months did not lead to a drop in prices as MFs were net buyers and supported the market. Read this article hereMutual Funds buying more than match FIIs selling—we had published at the time. We had also pointed out then, that if the current market volatility continues, we may soon see mutual fund investors turn into net sellers from net buyers.
 
 
In January 2016 and February 2016, the reducing strength of mutual fund buying was not enough to support the market as the FIIs pulled out money. The Sensex tanked further to 23,000. In March 2016, mutual funds turned net sellers, but this time FIIs were net buyers taking the Sensex back up to the 25,000 level.
 
Mutual fund inflows are determined by the buying and selling of retail investors. Unfortunately, retail investors tend to buy high and sell low. (Read: Buy High, Sell Low is the retail investor mantra?). When the market was at a low in March 2014 and April 2014, mutual fund investors were net sellers. However, as the market began to rally, the inflows picked up. The highest inflows were reported after the market peaked in March 2015. In April-June 2015, MF investors poured in Rs32,933 crore.  But as the volatility in the market increased and the market started to trend downward, MF inflows reduced and turned in to net outflows in March 2016. Will the MF outflows continue or will the recent market rally entice retail investors once again?

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COMMENTS

Ramesh Poapt

1 year ago

a reputed fund manager(ns)says MF selling is on a/c of monthly arbitrage settlement. but it is not so every month.
other reason may be that the new B15 cities investors couldn't not yet digest the 22% downward journey of index in 2016.they might have feared and many of them might have exited anticipating further downfall.afterall B15 investors are largely new and 'induced'investors!

M.Balachandran

1 year ago

Have you accounted for the possibilty that part of the reason for the high inflow into Mutual Fundsin March, was that this is the last month when you can invest for tax advantages.

In the previous months, the market trend was not too clear, so there was no advantge in investing early. Hence the bunching up in March. Any further wait and the tax advantage would be foregone.

A study of inflow patterns in March in earlier years, plus a study of the April 2016 inlow may lead to a better understanding.

India sets up multi-agency probe team on 'Panama Papers' expose

As per a statement issued by his ministry, the probe team will comprise officers from the Central Board of Direct Taxes' Financial Intelligence Unit, its Tax Research Unit as also officials from the Reserve Bank of India

 

Prime Minister Narendra Modi on Monday ordered a multi-agency probe team on the global expose by International Consortium of Investigative Journalists (ICIJ), dubbed the "Panama Papers", which found over 500 Indians also had alleged offshore links.
 
"A multi-agency group is being formed to monitor the black money trail," Finance Minister Arun Jaitley said here after the expose was published in The Indian Express. "Details of the assets worth Rs.6,500 crore has already been found," he added.
 
As per a statement issued by his ministry, the probe team will comprise officers from the Central Board of Direct Taxes' Financial Intelligence Unit, its Tax Research Unit as also officials from the Reserve Bank of India.
 
"The group will monitor the flow of information in each one of the case. The government will take all the necessary actions as required to get maximum information from all sources including from foreign governments to help in the investigation process," the statement added.
 
The journalists' consortium had said late on Sunday that its members and more than 100 other news organisations around the globe have found offshore links of some of the planet's most prominent people. The list included over 500 Indians. 
 
The details of the Indians with such offshore funds were published in The Indian Express. But whether or not such funds exist, and also if they were illegal is what the probe team ordered by Modi is expected to look into.
 
"In terms of size, the Panama Papers is likely the biggest leak of inside information in history - more than 11.5 million documents - and it is equally likely to be one of the most explosive in the nature of its revelations," the consortium said of its investigation published.
 
In the context of the commitment of the central government to bring out undisclosed money both from abroad and from within the country, information brought out by any investigative journalism was welcome, the finance ministry said. 
 
The ministry said in the past too, based on the investigations by ICIJ in 2013 -- that showed the links of 700 Indians with business connection with off-shore entities -- the agencies of the government were able to identify 434 persons as Indian residents. 
 
It also said 184 persons admitted their relationship with such off-shore entities/transactions.
 
"Although, in the previous report of ICIJ, information relating to financial transactions/bank accounts was not available, the government authorities have detected credit in the undisclosed foreign accounts of such Indian persons in excess of Rs.2,000 crores."
 
As a consequence, 52 prosecution complaints have been filed against the alleged offenders so far.
 
"The government is committed to detecting and preventing the generation of black money. In this context the expose of Panama Papers will further help the government in meeting the objective," the finance ministry added.
 
The government expressed concern that tax havens were making countries like India suffer tax losses.
 
"The recent initiative of 'Base Erosion' and 'Profit Shifting' (BEPS) will help India and other countries in checking the practice of tax-avoidance through such tax havens. India is also fully committed to the BEPS initiative."
 
In India, The Indian Express ran several pages of the investigation reports alleging, among other names, Bollywood superstarts Amitabh Bachchan and Aishwarya Rai, being directors in companies in Panama. 
 
The two did not immediately respond despite efforts to contact them. Aishwarya Rai's media adviser told the newspaper that the information was false. The spokesperson for Aishwarya Rai said "no" when IANS asked her if she intended to issue a statement.
 
Among those named in the report were Sameer Gehlaut of India Bulls and K.P. Singh of DLF. Vinod Adani, elder brother of industrialist Gautam Adani, politician Shishir Bajoria from West Bengal and Anurag Kejriwal of Loksatta Party were also alleged to have set up companies in tax havens.
 
Bajoria told the paper that that "erroneous beneficial owner information" was given by mistake. 
 
The Express said it had carried out the investigations spread over eight months with several global newspapers. Many of the other persons named in the Express reports responded, some denying while others maintaining that they had worked within the laws of the country.
 
Among the global leaders named were 12 current and former world leaders, including Pakistan Prime Minister Nawaz Sharif's family members. It also sought to reveal how associates of Russian President Vladimir Putin secretly shuffled as much as $2 billion through banks and shadow firms.
 
In Russia, the state-run media organisations were silent on the subject. In Pakistan, however, Sharif's son Hussain told Geo News that his family had not done anything wrong.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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