page three Page three Education Guarantee Scheme (EGS) centers. There will either have to be phased out or upgraded to proper schools. She says. The same applies to teachers as well. Over the years, various states had deployed para-teachers, also known as barefoot teachers shiksha karmis,gurujis Sibal has to contend with lobbies in his ministry, Many who strongly oppose private players and Public-private partnership and vidya sahayaks. These teachers are not well-qualified like formal teachers and are paid low salaries. For instance, in Rajasthan the minimum qualification for a para teacher can be as low as Class VII (and Class V in case of women). In Jharkhand there are 79,000 para-teachers at the primary level while Chhattisgarh has 1,42,000 para-teachers. In states like Chhattisgarh and Madhya Pradesh, para-teachers outnumber regular teachers. State government schools already have 5 lakh teacher vacancies. When you look at the goal of a teacher-student ratio of 1:30, the shortage becomes even more severe -11 lakh to 12 lakh teachers will have to be hired in six months. Some state don’t be hired in six months. Some states don’t even have teacher training facilities. Tasting Times Some are of the opinion that Sibal’s hands are tied because of the old guard in the ministry and various committees that he inherited from his predecessor. Sibal has to contend with various lobbies within his ministry, many of whom strongly oppose private players and public-private partnership. On the other extreme are those who say that government should stay out of schools and Should only fund education. “There has to be a middle path. For RTE to be successful government cannot be the only player”, enough to invite other players into it- corporate foundation, for – profit private sector players, not-for profit players, education trusts.” In some states, the number of private school is increasing at a much higher rate – such as Tamil Nadu, Punjab and Haryana – there can’t be one norm for the whole country. Whose head will roll if implementation is poor? Says Govinda, “We are trying to do several things at one time, I don’t know whether everything will be monitored because it needs a huge amount of support system that keeps track of everything – in everything from RTE.” To teacher training, school education,” But monitoring is necessary. “The other important aspect is to ensure that necessary financial resources are created at the state level – including commitment to per child expenses that arise as a result of various actions to be implemented under the Act”, says Dileep Ranjekar. The biggest challenge for Sibal will be building consensus among political leadership. “The central government doesn’t run the education system – most of it is in states with state board schools and state universities. Centre has just a small number of institutions,” says Govinda. There are already points of disagreement here – financing for instance. The state governments want all the money to come from the Center. Sibal has just had one meeting with the education ministers of the states. Some states are in a bad fiscal situation. While states like Madhya Pradesh and Bihar have low revenues, others like Chattisgarh are better off. “He needs to have a one-to-one dialogue with each state. He has a good intention but he doesn’t want to work the intention through – to do that he needs a good group of officers working with him,” says Ramachandran. If successful, RTE will be the high point of Sibal’s stint and HRD minister. But he needs to act fast. From Forbes Megazin...

The report dt 15th,March,2010 in Business Line about Mega solar projects makes for interesting analysis of the future of the solar power sector.I reproduce below excerpts of the same. " Govt counts on PSUs to drive mega solar projects : Feasibility study under way for setting up plant at Leh, Kargil.Green energy thrust ONGC to start off with a 10 MW solar PV plant with plans also for a solar thermal project NTPC takes up grid interactive 15 MW solar thermal-based projects at Anta in Rajasthan The Centre is counting on the public sector brigade to execute capacity on large-scale grid connected solar power projects. ONGC, NHPC, BHEL, and NTPC are among the front runners. Hydrocarbon major ONGC is looking to start off with a 10 MW solar photovoltaic (PV) plant, with plans for a solar thermal project also on the anvil. Official sources told Business Line that “the company is exploring sites at Goa, Rajasthan and Gujarat for its solar PV project.” “The company has already appointed a consultant for the purpose,” an official said, adding that “ONGC Energy Centre has launched research projects in several new alternative sources of energy, including solar thermal projects”. NTPC Ltd has also readied a roadmap to enter solar power generation business for capacity addition of 301 MW by March 2014. 190 MW will be added through solar thermal technology and the balance 111 MW through solar PV technology. As a first step, grid interactive 15 MW solar thermal-based projects are being taken up by NTPC at Anta in Rajasthan, which is the first of its kind in India. With deployment projects being prioritised in areas where grid connectivity is not easy, the Government is working on plans to use solar energy.A group, comprising officers from BHEL, NHPC, and Central Electricity Authority (CEA), has been asked to prepare a feasibility report. The group will identify sites for installation of solar photovoltaic plant at Leh and Kargil. The Government has proposed setting up solar, small hydro and micro power projects at a cost of Rs 500 crore in the Ladakh region. The Expenditure Finance Committee (EFC) has already considered the proposal of the Ministry. It is now in the process of moving the Cabinet. “We hope to start implementing the project from June. The project will be implemented in three years,” an official said. The plan envisages 30 small/micro hydel projects aggregating 23.5 MW capacity, setting up of about 300 SPV power plants of 5-100 kW capacity, 2,000 SPV home lighting systems and about 40,000 solar thermal systems such as water heating, solar cookers and solar green house. MY COMMENTS : With Government now coming out with concrete measures to promote solar energy, the solar energy plant manufacturing Units in India are likely to benefit in the medium to long term considerably. We will need to watch out their progress and make our own investment decisions....

dear rk2009 mine was sold 1k at 55 i will take it back in evening good chance to buy punj at 171.90 i put a bid...

Dear rk,i think the only reason is some times even very good quality stocks may remain unnoticed for a long time, but not for ever.I dont have a position now.But if i want to select a stock for one year period i will choose this one.Normally my holding period in any stock is one to two months only....

rk2009 at this level no buy i booked partial profit out of 2k 1k sold wait again for 44 45 level now buy small quantity punj put a bid at 171.90 by evening you will get it...

I am reproducing below an extract of ET dt 11.03.10."The Finance Ministry, led by Pranab Mukherjee has made a bold assertion: India could soon overtake China`s growth rates. "It is possible for India to move into double-digit growth and even become the fastest growing economy in the world within next four years,`` the Ministry said in February. The catch: bridging the chasm between the possible and the probable. Given the growing productivity of Indian workers and large working age population, it`s certainly possible. But in practice, overtaking China would require fundamental changes in the way India does business. Creaking or nonexistent infrastructure and cumbersome government bureaucracy are drags and the bureaucratic and political hindrances that make it hard to execute even the best-laid plans will not be removed soon. So far, the economic makeover has worsened income inequality in India, and despite five years of near nine percent growth, over 450 million people struggle by on less than $1.25 a day. But higher levels of business investment in the past decade have raised profits and wages and in turn produced a large pool of corporate and household savings that was unimaginable in India 10 years ago. "The productive capacity of the economy has gone up,`` said former IMF economist Renu Kohli. "as far as implementation and execution of projects and policies is, India is a slow mover. It doesn`t move at the speed China does.`` Financing isn`t the problem, nor lack of good ideas, she said. ``The constraint lies in procedural issues, land acquisition and the capacity of even private participants to execute those projects without delays,`` she said. India`s top spending priorities in the budget, released on February 26, are social programs and infrastructure. Next fiscal year, government plans to spend 1.37 trillion rupees ($30 billion) on social programs and 1.7 trillion rupees ($37.9 billion) on infrastructure. The mix reflects the ruling Congress`s approach _ ramp up economic growth with pro-market policies and then redistribute the spoils through a massive hodgepodge of social spending, subsidies and employment guarantee programs. To sustain growth in the long-run, the nation must do a better job of enriching millions of people at bottom of the heap. India`s fortunes are linked to the rural economy. Putting more money in the hands of the poor and near-poor has helped bolster domestic demand. Unless rural incomes rise, India could face a bottleneck in domestic demand. "Sixty percent of our population is still working in agriculture," ``Even the corporate sector is now saying that for growth what you require is growth at the bottom because that`s your market.`` Giving farmers a more certain future as India`s economy industrializes could also speed progress. " MY COMMENTS : Who knows!! Our non-politician PM + FM + HM may very well make it possible! They only need to find a way to make at least the congress ruled states respond to their suggestions. Our private sector is moving FAST - and may move FASTER!! And, it is quite possible - that we, the boarders here, will also be great beneficiaries, if we play our part well....

It is an interesting article may help us in making our strategy. Morgan Stanley MORGAN STANLEY RESEARCH January 2010 India Strategy Seven Themes for 2010 ____________________________________________________________ • I – Buy SOE Bank: The Central Bank is likely to start raising rates this month. We believe rising rates favor Indian banks as they run a maturity mismatch on their balance sheets (liabilities have a longer maturity). Thus, NIMs will rise; coupled with acceleration in loan growth (which trails IIP growth), which should help earnings. The stocks of the SOE bank trade at better valuations then their private sector counterparts, and SOE bank will also likely be helped by helped by a declining fiscal deficit, which will likely cap long bond yields. Our favorite stock in SBI (SBI.BO.Rs2,293) • II- Avoid Technology: Tightening by the central bank will put upward pressure on the rupee, with negative consequences for technology stocks Tech stocks have done particularly well over the past six months and also suffer on a relative basis in an accelerating domestic growth environment. Tech stocks correlate negatively with INR. • III-Buy Energy: Energy, especially Reliance Industries (RELI.BO,Rs,1,105),has delivered its worst relative performance even on a trailing six-month basis. The sector correlates positively with crude oil, short-term yields (read: local inflation), and industrial production. Thus, it provides a hedge against a spike up in crude oil prices. • IV-Buy Industrials: Acceleration in industrial growth would help close the output gap faster than what is possibly in the price right now. This would help a new private capex cycle to start in2010 and further boost performance of industrials. Our favorite stock: Larsen & Toubro (LART.BO, Rs. 1,667). • V-Shift Bias from Rural to Urban Plays: No doubt rural growth remains very strong, helped by rising food prices and government spending. Yet at the margin, urban growth will close the gap vs. rural growth as industrial activity picks up. Two-wheeler and large cap staple stocks tend to correlate negatively with industrial growth and in our view should by avoided in 2010. In contrast, media and niche mid-cap staples may still perfume well. • VI-Buy Mid-caps: The broader market is likely to generate faster earnings growth of around 25% in 2010, traders at better valuations than the narrow market, and accordingly could continue outperform the narrow market. See our Mid-cap picks on page 26. • VII-Stock Picking Could Be in Vogue in 2010, Market to Be Driven by Earnings: A high market effect, high sector correlation, and middling micro factors such as valuation, fundamentals, and return dispersion should set us up for a better stock picking environment in 2010. Most of the market returns in 2009 have come form a P/E re-rating, and as the key driver of returns shifts to earnings in 2010, so too will the key driver of stock prices move from macro to idiosyncratic stock-related factors. ...

the Ab share showing some down trend recently what is the reason...

hi Bagaram sir,
I entered this stock at 44 level on ur advice, thanks to you I am getting good returns, should I buy some more at this level as you are saying it will got to three digits...

please fill in the blanks...

this is greatest reminder of gods perfect creation of human being , only humans are having thinking and acting faculty,you made us to think think think and discover the true hapiness lies within not out side,thank you...

it is sarcastic, how any one can give 100 or 1000 calls it is only spam, may I know whom it is addressed to,...

why such sudden upsurge, even without completion of single project on day one is it wise...

just because it was available at nominal rate last year, it doesn`t gaurentee you nmay get it cheaply now, the jaugvar turnaround, and look at the valuation PE is at 50% of industry PE, this will zoom to new highs , only short term...

SIR BETTER LATE THAN NEVER,We always receive your words with respect and love,than q...

great to see all global indices in green, it is fortunate for inida having a holiday on monday to gain a +ve momentom on tuesday...

Give a man a fish and you feed him for a day, teach him how to fish annd you feed him for a life time,
all will agree with the best option in this anicient chineese quote, but still we are develpoing a dependent society,who will rescue???...

yes
whether it is battle or game win over pakistan is very very special, let the colours of holi bring joy to indian stock market and world as well,let us pray for those poor souls lost their lives in chile earthquake,it reminds us limitations of human life and spectrum of colours iit posess...

thank you an special holi colourful wishes from your bhai
kumar...