Insufficient towers linked to poor mobile services: TRAI
The lack of adequate number of mobile towers was one of the reasons for deteriorating quality of mobile services, officials of the Telecom Regulatory Authority of India (TRAI) said here on Monday.
 
"Lack of adequate number of mobile towers is one of the reasons for deteriorating quality of mobile services," said Agneshwar Sen, advisor for TRAI.
 
Sen said the guidelines for EMF radiations from BTS (base transceiver station) and mobile handsets in India were very stringent compared to other countries, including benchmarked standards of developed nations.
 
Allaying fears of the public, Suresh Kumar Gupta, principal advisor for TRAI, stressed that the Indian government through TRAI and the telecom department has put in place and "implemented stringent emission norms that ensure no adverse effects on human health from mobile tower emissions".
 
"Mobile tower radiations are nothing more than radio waves whose energy and frequency levels were far too low or weak in strength to present any risk or hazard to health," Gupta said at an interactive session on EMF radiation on human health.
 
The officials informed that various international organisations, including the WHO, have stated, in no uncertain terms, that there was "no convincing evidence linking EMF exposures with health effects in adults or children". 
 
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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Nifty, Sensex deeply oversold – Monday closing report
Nifty is likely put in a significant rebound if it closes above 7,550
 
We had mentioned in last week’s closing report that Nifty, Sensex are deeply oversold and that Nifty has to close above 7,600 for a rally to materialise. The market indices fell by more than 1% due to global cues.  The major indices of the stock markets are given in the table below:
 
 
Falling exports, coupled with a slump in global crude oil prices, accelerated selling pressure in the Indian equity markets on Monday and led the benchmark indices to their lowest close in the last 20 months. The selling frenzy led both the bellwether indices of the Indian equity markets to end the day's trade at levels last seen during May 2014. They even touched their new 52-week low during the intra-day trade. Overall, the market breadth ended with extreme weakness -- as seven shares declined for every one share that advanced. The selling pressure was stoked by disappointing December exports' data, which touched a 13-month low, absence of fresh triggers and bearish global cues. Furthermore, investors were seen cautious regarding the upcoming global macro-economic data from China, the UK and the US.
 
On Tuesday, the US is expected to release its consumer price index (CPI), while China comes out with its index of industrial production (IIP) and GDP (gross domestic product) data points. Besides, long-liquidation positions and disappointing macro-data which was released earlier in the week eroded investors' hopes for an interest rate cut during the upcoming monetary policy review of the apex bank.
 
Initially, both the Indian bellwether indices opened on a negative note, following lower closing of the US markets on Friday when they crashed by more than 2%. However, both indices soon pared their initial losses on the back of positive European markets, expectations of healthy Q3 results and short-covering. In addition, prices were supported by Prime Minister Narendra Modi's Start-Up India Action Plan which was released on Saturday.
 
The barometer 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) closed lower by 267 points or 1.09% -- its lowest closing since 16 May 2014.
 
Similarly, the wider 50-scrip Nifty of the National Stock Exchange (NSE) ended the day's trade deep in the red. It was down by 86.80 points or 1.17% at 7,351 points -- its lowest closing since 30 May 2014. 
 
The NSE Nifty breached the psychological level of 7,400 points during the day's trade. It also touched a new 52-week low at 7,336.40 points. 
 
The S&P BSE Sensex, which opened at 24,400.78 points, closed at 24,188.37 points -- down 266.67 points or 1.09% from the previous day's close at 24,455.04 points.
 
During the intra-day trade, the Sensex touched a high of 24,524.85 points and a low of 24,141.99 points -- its new low in 52 weeks.
 
The S&P BSE market breadth favoured the bears -- with 2,424 declines and only 305 advances.
 
Banking index reversed in late trade after a minor pull back confirming the bearishness dominant in banking shares.
 
Sector-wise, shares of healthcare, capital goods, automobile, banking and consumer durables came under selling pressure.
 
The S&P BSE healthcare index plunged by 305.93 points, capital goods index receded by 256.13 points, automobile index declined by 246.43 points, banking index slumped by 199.81 points and consumer durables index edged-lower by 120.27 points.
 
The foreign institutional investors (FIIs) were net sellers during the day's trade, while domestic institutional investors (DIIs) were net buyers. According to data with stock exchanges, FIIs divested Rs1,203.84 crore, while DIIs bought stocks worth Rs1,122.80 crore.
 
Apart from equities, the rupee got battered in the day's trade. It touched a new 28-month low. It ended weaker by nine paise at 67.68-69 to a US dollar from its previous close of 67.60 to a greenback. 
 
Major Sensex gainers during Monday's trade were BHEL, up 4.29% at Rs142.35; Tata Steel, up 2.76% at Rs236.25; Tata Consultancy Services (TCS), up 0.84% at Rs2,282.45 and Wipro, up 0.72% at Rs547.35.
 
Major Sensex losers during day's trade were Reliance Industries, down 5.14% at Rs1,018; Bajaj Auto, down 3.29% at Rs850.60; Asian Paints, down 3.29% at Rs850.60; Cipla, down 2.72% at Rs590.85; and ONGC, down 2.12% at Rs.214.90.
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of Asian indices are given in the table below:
 
 

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Management students learn how to manage their money and invest smartly
Moneylife Foundation conducted a financial literacy seminar for the students of Guru Nanak Institute of Management Studies in Matunga, Mumbai 
 
Moneylife Foundation held a seminar on safe and smart investing for finance students of Guru Nanak Institute of Management Studies in Matunga. While most of the attendees, who are students of business administration and finance, would be expected to have a good grounding in matters of finance, there is little in a management education that can prepare them for the intricacies and the realities of personal finance. While many students would go on to work for financial firms, all of them would need to have a good understanding of what it takes to invest safely and in a manner that would deliver prosperity in the long term.
 
The first session was conducted by Sucheta Dalal, managing editor of Moneylife and founder-trustee of Moneylife Foundation. She pointed out to the students as to how one can avoid financial mistakes so that they do not lose any money. The second session was addressed by Debashis Basu, editor and founder-trustee of Moneylife Foundation. He articulated the simple steps for investing smartly.
 
Ms Dalal started her session—“Safe Investing and how not to lose money”—with a brief introduction about scams in India. There is no dearth of frauds in India. Freshers are easy targets for scamsters. There are different types of scams – lottery scam, job scam, conference scam and interest waiver scam out to get us. The numbers of scams being reported are infinite.
 
She informed students about currency notes, security features in a note and how to identify a real note from a fake one. Students who replied to her questions on currency notes received a surprise gift from Ms Dalal.
 
She also spoke about the dubious chain-money schemes like QNET, Pearls, City Limousines, Japan Life, Speak Asia, which could be clubbed in the category called Pyramid scheme or chain money schemes. These schemes claim to provide extremely high returns luring the unsuspecting savers and then vanish into thin air.
 
A person’s knowledge or smartness does not guarantee that he/she cannot fall prey to the confidence tricksters, Ms Dalal said. She narrated to the packed audience incidents where “relationship managers” have taken genuine and educated customers for a ride. She also explained how usurious are the rates charged on credit card outstanding. Ms Dalal talked at length about the new phenomena like Phishing and Vishing on the internet that traps the gullible public and robs them of their hard-earned money.
 
In the second session titled—“Salary Can't Make You Rich, What Can?”—Mr Basu explained the importance of saving regularly to secure one’s future financially. Everybody can make financial decisions, he said if they stick to some simple principles. He explained the principles of compounding under different scenarios. The effect of compounding is slow in the initial periods, but as time passes on, the power of compounding takes over and the wealth created is huge. The key rule is to save as much as possible as early as possible in good financial products.
 
He illustrated several situations to explain this concept. Many students look to earn a good income when they start work. Mr Basu highlighted that savings has nothing to do with income. It is more important to spend smartly and save as much as possible. 
 
Where does one invest? Mr Basu explained to keep it simple while understanding returns after tax and post-inflation. As college students have time on their side, he advised them to invest in equity mutual funds and stocks with an investment horizon of 15 years or more and asked them to stay away from gold, real estate and traditional insurance plans.

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COMMENTS

Agyat Vyakti

12 months ago

Off the topic. This is just for awareness.. Qnet and MLM are using friends and relatives to dupe you... You may like to read Qnet modus operandi with screen shots and facts and how to avoid them here ... Please share for public interest.. Qnet Scam in delhi by Ashwin Baluja and Prithvi Raj Grover http://qnetindiascam.blogspot.in/

Agyat Vyakti

1 year ago

Yes together we can destroy qnet.. To help people from trap of online ponzy schemes like qnet which will come in future. Alexa and online site statistics can save you. I reccomend you to read this to save yourself from friends and relative who work for qnet http://qnetindiascam.blogspot.in/ share it . I need to populate this.

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