Home Loan Data

The government has asked state-owned lenders to submit data on home loans sanctioned by them since Dec 15, 2008, the day on which the public sector banks had announced lower interest rates on home loans up to Rs 20 lakh following government intervention to boost demand. Bankers acknowledge that despite a reduction in interest rates to 9.25 per cent for loans up to Rs 20 lakh and 8.5 per cent for home loans up to Rs 5 lakh, the response has been unenthusiastic. Interest rates under the package are fixed for five years and the loans come with a free property insurance cover. “The flow of home loans has not picked even after the special package as there is a perception that real estate prices will fall further. Banks have explained this to the finance ministry, but it has asked for fortnightly data,” said a senior executive at a public sector bank.

The plan for the quarterly meeting with bank chiefs has not been circulated; source said that it will include a review of credit flow and the status of implementation of the packages announced for boosting economic activity. The meeting comes days before the Parliament session and barely a month before the election process starts. The public sector banks have also been asked to submit the details of all incremental lending and borrowing activities, not only for recent months but for the last three years. “The meeting will analyse the cost of funds after the measures announced by the RBI over the last four months as the government is trying to push for another round of rate cut. So, they have asked for detailed data,” a bank executive said.

According to the latest data on sectoral credit deployment by banks released by the central bank on Monday, on a year-on-year basis the growth in the total flow of housing loans dropped to 8.8% at the end of Dec 19, 2008, from 13.9% at the end of Aug 2008. The year-on-year non-food gross bank credit growth also fell from 26.8% at the end of Aug 2008 to 24.8% in mid-December. But data also revealed that public sector banks have seen a 28.6 per cent rise in credit flow for the year up to Jan 2, 2009, as against 19.8% in the year up to Jan 4, 2008. In contrast, the growth in credit flow from private and foreign banks has dropped sharply despite demand shifting from equity and overseas markets to the Indian banking system.

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Bricks

Brick, of course, is a modern building material. It is being used today everywhere in the world. But actually, brick is as old as the history of civilization! The Babylonians and Egyptians made and used bricks at least 3,000 years before the birth of Christ. Some excavations suggest that it was used even earlier.

The making of brick in early times was very crude. Brick is made if clay or shale and backed or burned at a high temperature. In early times, raw clay was used to make brick, but no machinery to make it had been invented. The clay was crushed and mixed with water by workmen who trampled it with their bare feet. Straw was mixed with the wet clay to hold the bricks together. The mixture was then formed by hand into different sizes and shapes and placed under the Sun to dry.

This crude method was followed by many years until it was discovered that burning the clay with fire made the bricks much harder and better able to withstand dampness. Straw was then no longer needed.

The Sun-backed bricks would have been useless in England, but in the hot, Middle-Eastern countries they proved to be so durable that some of the bricks used in ancient Babylonia can still be seen today.

Customizable UNI timepiece

We are all aware that watches are not exactly about time-telling anymore, but rather about peculiar design and features that you wouldn't normally imagine in a watch. The wacky Tokyoflash watches are probably the best example in this sense, with their flashy, rich display of LEDs that make reading the time almost impossible.

The latest wrist watch to catch people's eye is the customizable UNI timepiece from Qixen-p Design Studio. Basically, UNI is a wrist watch that lets its users decide the way they want the time to be displayed. Moreover, it lets them create and share their own vision of time by customizing fonts, colors, backgrounds, digit positions or hand designs with just a few clicks on the software. Practically, the UNI turns into a multitude of watches, being different with every user.

Measuring 32 x 32 x 9mm, this wrist watch is made of soft coated plastic and it is equipped with a 96x96 pixel OLED display, a mini USB and a built-in accelerometer to activate it with a flick of the wrist. As weird as it may seem, the UNI nurtures the artist in you, letting your creativity run free, even though there are limits to where your imagination might wander.

Despite the fact that this watch has received IF Product Design Award 2009, the UNI watch from Qixen-p hasn't entered production yet, searching for interested companies and investors at the moment so that the UNI wrist watch can become available in the last quarter of 2009. However, there's nothing settled yet, so there is no guarantee it will actually become reality, and there is no single rumor related to what its price could be.

All you have to do is sit back and wait for it to be released. Until then, you can do your homework and search for some fonts and color palettes.

Projects under vigilance scanner at Chandigarh

Controversial mega projects in Chandigarh worth billions of rupees under prevailing market prices are under the scanner of the Central Vigilance Commission (CVC). The CVC has sought all files pertaining to the mega-projects from the Chandigarh administration to investigate alleged corruption in land deals.

Using its powers as a court, the CVC has announced the setting up of a vigilance commission to probe the murky land deals worth billions of rupees. The probe will be a major embarrassment for the administration top brass as local NGOs have alleged irregularities and corruption in the land deals.

“We will comply with the orders of the CVC. All files will be sent for this probe,” a senior union territory (UT) official said.

The land deals, most of which have been concluded in the last three years, have generated much controversy with the city’s mayor and senior Congress leaders demanding that UT Administrator S.F. Rodrigues, who is also the Punjab governor, give up his post as the city’s administrative head until a probe into the deals by a central agency.

At the centre of the controversy are ambitious projects like the Film-city, the Medi-city, the Amusement-cum-Theme Park and the new phase of the Information Technology (IT) Park.

The administration has not only been accused of rushing in with some of the projects but also making allotments to certain big realty companies at prices much lower than the prevailing market rates for land in the 114-square km city, which is the joint capital of Punjab and Haryana but is a centrally-administered union territory.

The 73-acre Amusement-cum-Theme Park project has not got off the ground even couple of year after it was allotted to realty major Unitech as the administration failed to extend facilities on the land. Several rules were allegedly violated in giving concessions to the firm.

Some renowned companies, like Singapore’s famed Sentosa Island amusement park, were disqualified from bidding for this project.

In the Film-city project, realty major Parsvnath was allotted the 30-acre land in Sarangpur village of the union territory for Rs.191 crore. The company, which had deposited nearly Rs.480 million, is now seeking the money back with interest. It has excused itself on the ground that the land is not free from encumbrances.

Oxygen Spa

"In Kaliyug humans have to pay for water and Air". It is true nowadays. We pay Rs. 10 to Rs.15 for mineral water as all we know. But do you know ? For fresh intake of oxygen, we have to pay money. Now air at hill stations is not so pure.

The first oxygen bar in Mumbai is at Dadar, a suburb of Mumbai. "Breadth O2" is run by Dr. Paras and his wife Dr. Bhavna Punamiya. The charges are Rs. 10 per minute. In our body oxygen acts as an anti-toxic and removes toxic effects of wine, coffee or chemicals mixed in our daily diet. Not only sick persons, sportspersons, artists, company executives, businessmen etc. can take benefits of the bar.

Common Lifestyles:

Poor nutrition, lack of exercise, unrelieved stress, shallow breathing of polluted air. These common lifestyles lead too many conditions of our modern society; low energy, frequent illness, and poor health. The Oxygen Spa can help. Intake of oxygen at oxygen spa; oxygenates and detoxifies the whole body. In a single, relaxing, 30-minute session, your body will be cleansed and energized. You will be placed in a relaxing aroma-therapeutic steam bath that warms your skin and opens skin pores. Pure, high-density oxygen will be diffused into the steam and through your skin, bathing your tissues and cells with a rich bath of pure oxygen. The O2 spa bath is a steam therapy cabinet utilizing steam filtered water and oxygen/ozone enrich air designed for individual use. O2 Spa bath increases oxygen uptake in the body promoting an oxygen/ozone super saturation in tissues, fluids and cells.

Immediate Results:

At the end of the session, you will feel relaxed and refreshed as you experience the wonderful effects of enhanced cellular immunity and increased metabolism. In addition, powerful detoxification process rids cells of toxins and oxidized debris, which are eliminated by the body through the skin.


The OXYGEN / OZONE THERAPY BATH will assist in the following

• Boosts energy levels and alertness
• Visibly removes toxins built up in the body's bloodstream, cells and tissues
• Heightens metabolism to reduce body fat and burns 200-450 calories per 20 minute session
• Catalyst to a faster recovery from injuries and strenuous exercises
• Increases effectiveness of physical therapy to expedite healing
• Eliminates cellulite by stimulating local circulation
• Reduces lactic acid build up to optimize peak performance for athletes/bodybuilders
• Relaxes and loosens muscles for increased flexibility
• Increases stamina and endurance
• Relieves stress and anxiety by relaxation and overall well-being
• Strengthens the immune system to help the body combat viruses
• Eliminates bacteria, viruses, fungi, and parasites without harming microorganisms
• Aids in the relief of respiratory conditions, asthma, allergies and bronchitis
• Enhances the assimilation of vitamin and protein supplements to increase health
• Restores oxygen that has been depleted by pollution, poor diet, stress, smoking and aging
• Completely hydrates the body's largest organ, the skin, giving it a more youthful, fresh appearance
• Stimulates vasodilatation of blood circulation to relieve pain in sore joints and arthritis