Happy New Year 2010




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SEBI - a proactive investor friendly regulator.

A pleasant surprise for me, when I happened to check my savings account statement, today. I observed a credit of a few hundreds and was scratching my head, as to what it is. The transaction remark was not clear. It read like 'SEBI IPO'. But, when I read an article in rediff (link shown below), then I understood the reason for this credit. Source:  http://business.rediff.com/report/2010/apr/13/sebi-disburses-rs-20-crore-to-investors-in-ipo-scam.htm It was like unbelievable, but true. When there were stories doing the rounds that SEBI is planning to compensate the retail applicants affected by the IPO scam of 2004-05 in some way a couple of months back, I thought it was just a foolish idea, as it is an impossible thing to do so, looking into the complexity of such an exercise.  But, SEBI has done it !!! Rs. 20 crores collected from the IPO scamsters has been distributed to over 12.75 lakh retail investors, who would have otherwise profited by the share allotment in IPO. Thoug...
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Google Buzz

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Statistics about countries in the world.

A FAQ on geography is the total number of countries in the world. I just got curious to know the exact count & googled to find it out. While searching for this, I stumbled upon many other interesting facts. Total number of countries: Totally, there are 195 countries in the world. But, this figure includes Taiwan. Eventhough, Taiwan functions like an independent country with a separate capital & currency, it is not recognised so by most of the countries due to Chinese pressure. China claims Taiwan as its province. U.N. members: Amongst the remaining 194 countries, 192 are U.N. members. Vatican City & Kosovo, two recognized independent countries, are not members of U.N. World's Newest Countries: Kosovo is the newest country of the world. It was formed from Serbia in the year 2008. Prior to that Serbia & Montenegro got independence in the year 2006 (both formed from Yugoslavia). 33 new countries have been created since 1990. Most of them were formed due t...
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