Ramesh Chauhan
From
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Quick Update For NRIs, PIOs
Read by NRIs in over 37 Countries
Issue No. 205 Evening Edition IST
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Headline News in this issue:
- Hindustan or Scamistan?: School that took off without planes gave DGCA No. 2’s daughter licence
- Indian student abused and thrashed in Aus
- What High-Fliers do as jailbirds
- Thums Up, Limca, Gold Spot to ... : Success To Failure To Success
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Hindustan or Scamistan? School that took off without planes gave DGCA No. 2’s daughter licence
Mumbai: They did not have even a single aircraft at their airport base, neither did they have a classroom or a hangar there, but in 2007, for some reason, the Directorate General of Civil Aviation (DGCA) was benevolent enough to grant Raipur-based Touchwood Aviation the approval to start flying training for Commercial Pilot Licence (CPL) students.
A month after it started, Rashmi Sharan, the daughter of A K Sharan, joint director general of DGCA and its number two man, joined the school. Back then, Sharan was the deputy director general (training and licencing), the department which grants approval to flying training organizations. A year after Rashmi got her licence and moved out, the school shut down.
The case of Touchwood Aviation is an intriguing one as it is perhaps the only flying school in India to ever get a Flight Training Organization approval even before it could position an aircraft at its base. It was also allowed to function though it did not have the mandatory classroom or hangar at its airport base.
(For more details, click: http://epaper.timesofindia.com/Daily/skins/TOINEW/navigator.asp?Daily=TOIM&showST=true&login=default&pub=TOI)
Indian student abused and thrashed in Aus
Melbourne: A gang in Melbourne’s Central Business District attacked and beat up an Indian student in broad daylight till he fell unconscious, a local television channel reported on Tuesday.
According to 7News channel, Rajat Tyagi, a trainee pilot, was confronted as he left his apartment in Flinders Street on Sunday morning by five men who he said looked like “Africans.” Tyagi, who hails from Delhi, said the gang surrounded him and bashed him till he fell unconscious.
“I want to go home as soon as possible because we are not safe here. They hit me twice in the mouth, and my whole lips were hanging down. I can’t eat anything, I can’t drink and my roommates are feeding me milk so that I can survive,” he said to the channel.
Rajat hopes that the incident was captured on CCTV. He said he has heard no more from police. Rajat is unable to take his flying exams after Easter because of the bashing, the channel reported. AGENCIES
(For more details, click: http://epaper.timesofindia.com/Daily/skins/TOINEW/navigator.asp?Daily=TOIM&showST=true&login=default&pub=TOI)
What High-Fliers Do as Jailbirds
Living the undertrial’s life in Tihar, they turn to books, magazines & new hobbies
Tihar jail complex, a correctional facility at the Tihar village near Delhi, is South Asia’s largest prison, with more than 12,000 inmates. It is also, as a number of high-profile undertrials are now discovering, a great leveller.
An unprecedented number of well-known persons are currently lodged in Tihar, pending trial and forced into a uniformly spartan lifestyle the jail offers its wards.
This includes former telecom minister A Raja, MP and Commonwealth Games chief organiser Suresh Kalmadi, mega-rich entrepreneurs such as DB Realty’s Shahid Balwa and Vinod Goenka, Unitech’s Sanjay Chandra, and several others.
The reversal of fortunes in many cases is stark. Kalmadi, Raja, Balwa and Chandra were all high-profile members of the society—cynosure of parties, envied by peers, and used to every comfort money could buy.
For more details, click:
Ramesh Chauhan Founder and chairman, Bisleri International
“More than qualification, it’s attitude that makes a winner”
When I failed:
After selling my brands such as Thums Up, Limca and Gold Spot to Coca-Cola in 1993, I made the mistake of retaining employees who were a part of the company.
I ought to have offered voluntary retirement to these employees who were associated with the brands for a long time. And I should have recruited another set of people to work on the new product I had launched—Bisleri bottled water.
These employees were used to dealing with the earlier fastmoving brands and were clueless on how to move Bisleri. Those were really painful 4-5 years and I lost a lot of money during that time because I had employees who did not know how to market Bisleri.
During those days we also launched Bisca cup noodles based on a board member’s suggestion. Apparently he had the cup noodles when he travelled abroad and sold us the plan to launch it in India.
Not only was the product ahead of its time for India, the distribution system required for noodles was completely different from what we were used to. Also, the fact that we had just no domain knowledge of the product made it a complete disaster.
What I learnt:
I learnt that it is very difficult to change people’s mindsets.
Our earlier set of employees were habituated to listening to the distributor and accepted what they said as the gospel truth. There was no attempt to listen to the consumer. And all attempts to get them to be open to new ideas and strategies failed completely.
I also learnt—with the Bisca fiasco—that one should not meddle with plans in areas where one has no core competence or understanding.
How it helped me succeed:
Since then every time we launched a new idea or product we made sure that the people handling the product had the right mindset to make it a success. The Bisleri experience also helped me while hiring new recruits: more than qualifications it is the attitude and mindset that make a winner.
(As told to Kala Vijayraghavan)
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Investment & Wealth Creation Advice (Some Golden Rules)
Please note that our advice is primarily for investors and not for speculators. Investors typically invest with a 12-60 month investment perspective. You will therefore find that our advice does not change substantially from issue to issue. However, it is worth reading it again and again to get your investments on the right tracks as what we have stated below is based on some golden rules of investing.
Indian nationals & PIOs can expect about 15-25% returns year-on-year
Indian capital markets have been thrown open to individual foreign investors in the budget announced recently. Now, PIOs can also invest in Indian Mutual Funds (MFs).
Indian Investors can expect 15-25% returns year-on-year if they invest in MFs which are rated 5-star by rating agencies. It would mean, NRIs, PIOs as well as Resident Indians will be able to double their investments in MFs every 3-4 years, taking almost no risk. So, India offers a great investment opportunity.
NRI.NewsIndia recommends investment in Indian Mutual Funds taking the SIP(Systematic Investment Plan) route. An individual investor may like to schedule weekly or monthly investments in select mutual funds from now onwards.
Kaun Banega Karodpati?
Only Rs. 2,000 per month invested in a 5-star rated mutual fund in India for 30 years, will make you a Karodpati. Most of you can easily do this much investment in your name and/or in the name of each family member.
NRI.NewsIndia Recommends investment in the following Mutual Funds:
1. HDFC Equity Fund
2. Franklin India Blue Chip Fund
3. Birla Sunlife Frontline Equity Fund – Plan A
4. DSP Blackrock Equity Fund – Dividend
5. HDFC Top 200
6. ICICI Prudential Dynamic Plan
7. HDFC Prudence Fund
Do not purchase shares of a good company at a wrong (high) price. Also, do not purchase shares of a bad company even at a very low price.
Do not put all your eggs in one basket. Diversify your portfolio to de-risk. Do not put more than 33% of your investible funds in stocks and/or mutual funds. Put 33% in Fixed-Interest instruments and the remaining 33% in real estate when real estate prices are low.
Do not invest more than 15% of your investment in any one mutual fund, stock or sector.
NRIs & PIOs should not keep all their money in just one country. Keep 20-33% in nationalized banks in India or in private banks like HDFC, ICICI, HSBC etc.
As actors & sportsmen can never be sure about their earnings after 5-10 years, they should invest 50% of their earnings every month in Fixed Deposits, Mutual Funds and Real Estate.
If you suddenly get a few lakhs or a few crores, do not invest the sum in a hurry. Park it in a Fixed Deposit for a couple of quarters. Consult one or two investment advisors and then invest the amount in a proper manner.
Never go by your gut feel or a freind's advice when it comes to investing your money. Always consult one or two investment advisors before you make your investments.
Do not invest in stocks, mutual funds or realty when their prices are quite high. From the high levels, these prices normally come down by about 20-40% and that is when many people lose their hard earned money in a big way. Make sure that you are not one of those big losers.
Also, never take any loan to invest in stocks or mutual funds.
For a FREE First Consultation before investing in Mutual Funds in India, write to psm@amsoftconsulting.com.
Disclaimer: Please make all your investments after taking expert advice. NRI.NewsIndia will not be responsible for losses, if any, incurred by you. Through NRI.NewsIndia, we are only making you aware of the investment opportunities in India at a broad level.
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