Mar 16

Mutual fund and FII investment trends

Posted in government, law

The Securities and Exchange Board of India website has interesting graphs indicating the Mutual fund and FII investment trends on a daily basis. Equity and debt investments are tracked separately.

http://www.sebi.gov.in/sebiweb/

If there is a lot of uncertainty, an investor is unlikely to invest time and money.

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Dec 15

PIPA, SOPA and the internet firewall

Protect IP Act, Stop Online Piracy Act (Sopa) could affect the growth of the internet.
Relevant links

http://www.bbc.co.uk/news/technology-16195344

http://www.tehelka.com/story_main51.asp?filename=Op171211proscons.asp

http://www.wired.com/beyond_the_beyond/2011/12/internet-engineers-dont-like-pipa-and-sopa/

https://www.eff.org/deeplinks/2011/12/internet-inventors-warn-against-sopa-and-pipa

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Nov 6

Bills introduced in Parliament

Posted in government, law

Rajya Sabha

http://164.100.47.4/newbios_search/intsessionreport3.aspx

Lok Sabha

http://164.100.47.4/newlsbios_search/sessionreport3.aspx

Some of the bills are very interesting and well researched.

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Jun 6

Paypal, Google and trade secrets

Posted in business, internet, law

It will be interesting to see how this lawsuit is resolved.

https://www.thepaypalblog.com/2011/05/paypal-files-lawsuit-to-protect-trade-secrets-a-reason-worth-fighting-for/

In the last few months, a lot of web hosting companies have started offering Google Checkout. Also if you use a HDFC Netsafe card for making payments using Paypal the transaction is likely to be cancelled, but if the same card is used with Google Checkout, it is accepted . However, Google Checkout is not as easy to use as Paypal.

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Apr 11

Policy, government and legal websites

Posted in government, internet, law, media

Some websites for reference are

http://governancenow.com/ - government operation

http://www.observerindia.com/  – policy

http://www.akosha.com/ - legal assistance for consumers

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Feb 13

Slander

Posted in business, internet, law, media

From http://dictionary.reference.com/browse/slander

Slander : a malicious, false, and defamatory statement or report

Some quotes about the mindset of those who slander and / or spend their lives listening to slander

He that flings Dirt at another dirtieth himself most.
–Thomas Fuller (1654—1734)
English writer and physician.

A tongue prone to slander is the proof of a depraved mind.
–Publilius Syrus (85—43 B.C.)
Latin writer of mimes

Slander meets no regard from noble minds; only the base believe what the base only utter.
      – John Bellers

Reference :

http://www.giga-usa.com/quotes/topics/slander_t001.htm

http://www.someworthwhilequotes.com/SLANDERSMILES.html

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Sep 1

Internet – privacy / reputation management

Posted in internet, law

The risks of social networking explained in this article  – The web means the end of forgetting .

If you don’t have a profile at a social networking website, there is  a  risk that some one will create a fake profile. If you have one, it could be hacked or misused.

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Apr 10

Paypal , Indian regulations and restrictions, April 2010

Many Indian personal and premier Paypal account holders appear to have received the following email:
In compliance with Indian regulations, if you are selling products and services to customers globally, please review the following important information:
• Any proceeds or earnings received into your PayPal account from the export of goods and services should be withdrawn to your bank account within 30 days.
• While making the withdrawal please make sure you select the purpose code that best fits your business.
• Any proceeds or earnings received into your PayPal account from the export of goods and services may only be withdrawn to your bank account in India. This received amount cannot be reused for making purchases.
• If you would like to make purchases on any website that accepts PayPal, you can continue to use any credit card issued by a bank in India.
For any questions, please reach out to our customer support teams by following the steps below:
1. Log into your PayPal account
2. Click “Contact Us” at the bottom of the page
3. Click on “Send Us” an email or “Call Us” to reach us by phone

Not all Indian Paypal account holders have received this mail . Initially many thought it was a phishing email, but later Paypal has confirmed that the email is genuine. Also Gmail seems to have flagged the email as spam.  They have also not specified a date from which these rules / restrictions will come into effect.

The biggest restriction is:
• Any proceeds or earnings received into your PayPal account from the export of goods and services may only be withdrawn to your bank account in India. This received amount cannot be reused for making purchases.

The main disadvantage of this rule is that a Paypal account holder will lose money in transaction fees – when you withdraw to your Indian bank account in Indian Rupees, you lose 2.5-3% in currency conversion fees and when you again pay through credit card, the credit card company will charge up to 5% as currency conversion fees for converting the Indian Rupees back to US Dollars. Also many people in India avoid getting a credit card, since many Indian credit card issuers are notorious for their poor service, inaccurate billing and hiring the services of questionable collection agents. 

Paypal checks are sent by ordinary post and take up to month to delivered. The status of bank withdrawals of many Indian account holders on or after 7 April 2010 is shown as pending. Of all the online payment processors, Paypal seems to most regulated in India because it has the largest number of users in India and uses NEFT.

Update 14 April, 2010  : There seems to be a problem with Paypal withdrawals to bank accounts in India on 7 , 8, 9 April, 2010  and their status is still shown as pending.  Withdrawals on 10 April 2010 have been credited to the bank account . Some users have requested cancellation of the pending withdrawal, but they may incur a foreign currency losss and it is not clear whether the  forex loss will be credited back to the account

comments: 1 »
Mar 30

Torrents and free downloads

Posted in internet, law, media

As some one who does not use the internet for downloading movies and songs, bit torrent and desi torrent were a great mystery to me .   This article on  Torrents and Free Downloads  explains how it works and why it is so popular.

It also shows that selling any digital product online to consumers will be difficult in India,  it will be shared for free online. 

Rajshri Films  web venture is given extensive coverage in the online blogs, but the numbers paint a different picture.
Rajjat’s strategy is to support free views with advertising, and charge users $9.99 to buy newly released movies ($4.99 for older releases). Still, Rajjat’s paid-for content has precious few takers—no more than 1,000 a month, he confesses, and mainly NRIs.

There are many smaller companies which have better revenues.  If  you are not compensated fairly  for your efforts, you are likely to look out for other options.

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Mar 26

Beneath the gloss and hype

Posted in business, crime, law

Beneath the gloss and hype of press releases in the mainstream media, is the real culture of a company – whether the company is really the law abiding corporate citizen it claims it is.
Only when you deal with the company either as a customer, vendor or an employee, do you know what you are up against.

Asian Food Worker has some interesting insights into the culture of intimidation and harassment of certain companies.

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