Tuesday 31 March 2015

Can IIN replace IIT, IIM?

Idea Internet Network (IIN) is a newbie in the world of education. It recently got famous and was in the news for the invention of Talking Drone. IIN offers specialised No Certificate Course in the field of Kopimism, Drone Making, Teaching, Honesty, Plagiarism. Infact the !dea of talking drone itself is stolen from RMIT University, Melbourne. And the best part is that RMIT has used talking drones for air traffic control instead of delivering breads.

We at The Indian Capitalist spoke with Abhishake Bacchpan who is the Dean of the reputed IIN. He said that the students range from 5 to 100 across all animalia kingdom. The monkey who clicked a Selfie and the cameraman elephant from BBC Planet Earth are our ex students. IIN also plans a 1000000 acre campus in Sharda University, Lovely Professional University and IIPM. IIN also plans to open three schools namely School of Pornography, School of Sarcasm and School of Urban Slangs (SUS). SUS recently signed a MOU with Khap Panchayat Inc. for specialised Haryanvi slangs from Gudgaon. IIN also offers phd in pornography with 100% placement guarantee.

What makes IIN special from its peers?

1) You get admission in your Local Area Network.
2) 100% placement guarantee in School of Pornography.
3) Research Pay as high as your pocket money.
4) Admission Fees @ Rs.128 for 1 month.
5) Industrial Visits to your nearest Idea gallery.
6) 24x7 Relationship manager for all students.

IIN has produced a 2 page thesis on Racism in Emoticons and have suggested Indian smileys too. IIN offers MOOC on all topics. IIN is giving tough competition to Edx and Coursera. The best selling MOOCs from IIN are Hindu Defense League, Khap Panchayat, Anatomy of KRK. Some critics say that IIN stands for Indian Institute of No-Coverage. As per our research, it requires around Rs.70000 for making a drones but the exemplary student from IIN has build the same from his pocket money.

Why just drone? You can build Supersonic fighter jets from IIN.

With stupendous success of IIN, central institutes are going to the doom. Government plans to declare 17 IIMs and 21 IIT as sick unit.

Testimonials about IIN

1) I wouldn't have dropped out, if I was studying at IIN.-Bill Hates ( The man who drank poop water)

2) Abhishake Bachhpan and IIN are the greatest gift to mankind after Gandhi and Kamasutra. - Barackbhau Obama.

3) IIN gave me the inspiration to develop AK-47. - Kailash Nikov.

For admissions contact - http://www.iipm.edu/online-registration/apply/apply.asp

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This blog post is inspired by the blogging marathon hosted on IndiBlogger for the launch of the #Fantastico Zica from Tata Motors. You can apply for a test drive of the hatchback Zica today.

Sunday 29 March 2015

Alien Abduction Insurance

Alien abduction insurance is an insurance policy issued against alien abduction. The insurance policy is redeemed if the insured person can prove they were abducted by aliens and returned to Earth. Geico insurance and The Daily Telegraph report that one English company has sold over 30,000 policies.Some companies offer policies for alien pregnancy, alien examinations and death caused by aliens.
The very first company to offer UFO abduction insurance was the St. Lawrence Agency in Altamonte Springs, Florida. The company pays the claimant $1 per year until their death or for 1 million years, whichever comes first. Over 20,000 people have purchased the insurance. The insurance is normally purchased by the "feeble-minded", according to Simon Burgess, former Managing Director and co-founder of British Insurance.

The Heaven's Gate religious group had purchased alien abduction insurance before their mass suicide. Their insurance company (London brokerage Goodfellow Rebecca Ingrams Pearson (GRIP) stopped offering alien abduction insurance after the suicide - having sold the policy to about four thousand people (mostly in England and the United States). At a cost of roughly $155 a year the GRIP policy would pay about $160,000 to someone who could show that they had been abducted by a being who was not from Earth. The payment would double if the insured person was impregnated during the event. Men were also able to purchase the impregnation insurance for protection against the unknown capabilities of alien technology.
I'm not making this up.  British Insurance of Colchester, Essex, England has policies available for £100 per year for £1,000,000 of coverage.  (This is the same company that insured three sisters in Inverness, Scotland in 2006 against a virgin birth; evidently the three were afraid that one of them might be responsible for the Second Coming of Christ.)  Several American companies offer policies for similar rate/payout ratios.  It's reputed that noted wingnut Shirley MacLaine has purchased such a policy, although if she did get abducted a lot of the skeptics I know would be willing to pay the aliens to keep her.
If that's a little expensive for your tastes, a Florida insurance company, the St. Lawrence Agency, will send you a handsome certificate certifying your coverage of $10 million for a one-time payment of only $7.95.  Not only are you insured against alien abduction by this policy, your outpatient medical expenses (for recovering from the effects of the abduction) are covered, and you are guaranteed double indemnity if your visit to the spacecraft resulted in any half-human, half-alien children, or if (heaven forbid) the aliens come back insisting on conjugal visits.
While the St. Lawrence Agency's offer is clearly meant as a joke, the rest of these guys are apparently serious.  In fact, the London brokerage Goodfellow Rebecca Ingrams Pearson once offered a policy (now discontinued) that was remarkably like the St. Lawrence Agency one, with the addition that men could also insure themselves against impregnation -- because, after all, you never know what those crafty aliens might be capable of.  And the GRIP policy was entirely legally binding and authentic.  Which brings up a few questions:
·        First:  Are the people who purchase these policies insane?  Or what?
·        Second, this seems like an awfully good deal for the insurance company, doesn't it? 
·        Third, I wonder how they calculated the premium?
·        And last: what happens if the aliens decide not to return you to Earth?
 Companies covering Alien Abduction Insurance
Lloyd's of London, generally known simply as Lloyd's, is an insurance market located in London's primary financial district, the City of London. Unlike most of its competitors in the industry, it is not a company but instead a corporate body governed by the Lloyd's Act of 1871 and subsequent Acts of Parliament. Lloyd's serves as a partially mutualised marketplace within which multiple financial backers come together to pool and spread risk. These underwriters or "members" are both corporations and individuals.

The insurance business underwritten at Lloyd's is predominantly general insurance and reinsurance, although in 2013 there were five syndicates writing term life assurance. The market has its roots in marine insurance and was founded by Edward Lloyd at his coffee house on Tower Street in the 17th century. Today, it is based at the Lloyd's building on Lime Street. Its motto is Fidentia, Latin for "confidence".
In 2011, over £23.44 billion of gross premiums were transacted in the Lloyd's market and in the aggregate it made a pre-tax loss of £516 million, driven by a number of significant natural disasters which gave rise to its highest-ever annual level of claims. In 2012, Lloyd's made a pre-tax profit of £2.77 billion on a record £25.50 billion of gross written premiums.
Policy Price of Alien Abduction Insurance
  1. The Alien Abduction Company’s Life time policy cost $9.95
  2. Llyod’s UFO Abduction insurance costs GBP 19.99.

Claim Settlement Hoax
Why do people believe in UFO Abductions?
I’m bemused that we are smart enough to land an automobile size payload on another planet, but still live in a culture where a significant percentage of people want to believe in implausible if not impossible things. The reality is that intelligence has nothing to do with believing in “weird things.”
A recent National Geographic Society poll reported that 36 percent of Americans — about 80 million people — believe UFOs exist, only 17 percent do not, and the rest of the people are undecided. The survey did not specifically equate UFOs with flying saucers or little green men, however.

A public relations challenge for NASA and the U.S. military is that 80 percent in the NGS survey feel that the government is hiding information about UFOs. This percentage of government distrust is consistent with a 2009 CBS News poll that found that 77 percent of the population believes that the government covered-up the truth behind the 1963 John F. Kennedy assassination.

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This extract is taken from my TYBBI Insurance Project ' Bizarre Insurance Project '

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Wednesday 25 March 2015

10 Reasons Why Emoticons Are For Dummies.

Reason 1 - I sometimes don't understand them. I'm sure in many other situations many people don't.

Reason 2 - The rise of usage of emoticons and the entire sticker industry has resulted into the birth of a new species of human. These are the ones who cannot mostly use an expression in the form of language. They should be considered as dumb.

Reason 3 - Bad for keyboard industry as the emotions which you express can be typed in short language too.

Reason 4 - It's better to use your own pic actually showing those emotions. You will get better responses. You may also notice the rise of the 'selfie' expressions. Although these species are not developed enough to express a connection between their expression and the situation they are currently in.

Reason 5 - Emoticons will eventually weaken the human brain and one will not be able to communicate in person. So the next level of communication & language that future men would use would be telepathy. Thus the 'monkey thought translator' is one of a true inspiration.

Reason 6 - Why are smileys bald? Because your hair doesn't express any emotions? Now hair product companies will sue me. Or is it because it's racist to have hair colour specific emoticons?...oh wait....we already have brown emoticons!

Reason 7 - Emoticons degrade the use of sarcasm and skepticism.

Reason 8 - People actually ignore you when they see emoticons in the notification panel.

Reason 9 - If happy emoticons are smileys why aren't sad emoticons called frownys?

Reason 10 - mUcH LiKe oThEr fAdS oF WrItTiNg, the rise of selfies, and the recent additions of terms to the Urban Dictionary...this too shall pass!

This blog post is inspired by the blogging marathon hosted on IndiBlogger for the launch of the #Fantastico Zica from Tata Motors. You can apply for a

Saturday 21 March 2015

Saudi Arabia's new $100 billion desert city

Covering 70 square miles, the metropolis costs £67 billion ($100 billion) and will reinvigorate the country
Master Plan of King Abdullah Economic City (KAEC)

The Saudi government says it will build a brand-new city on its western coast the size of Washington, DC — at a cost of about $100 billion. It's not imaginatively named — it's known as the King Abdullah Economic City, pronouned "cake" (KAEC) for short — but Saudi rulers hope it will become a powerful new economic engine for the kingdom.
View of buildings under construction
When completed, KAEC will be larger than Washington DC

Only 15 per cent has been developed, as public facilities and residential areas are still under construction
Only 15% of KAEC has been developed
By building a major new container port on the Red Sea, Saudi Arabia hopes to create a new Silk Road, a trade route to Mediterranean countries and southern Europe. For now, with only 10 percent of the city built, it looks more like a movie set.
KAEC is one of four new cities being built to diversify an economy that is overly dependent on oil. 

Already it has its own website showing plans, maps and including details on how to invest.
At 70 sq miles KAEC will eventually be a metropolis slightly larger than Washington DC and at a cost of $100bn (£67bn), mostly from private funding, the King Abdullah Economic City is second to none in the grandeur of its vision.
KAEC has its own website showing plans for the city, including details on how to invest in its growth
A port smart city under construction
"We aim to create one of the world's largest ports," says Rayan Bukhari, a young manager at the King Abdullah port. We're not competing with Jeddah's Islamic port - but we are going to take business away from Jebel Ali in Dubai. That's because of our quicker, more automated offloading and customs procedure."
View of a canal surrounded by buildings
According to Mr Bukhari, King Abdullah was determined to involve the private sector in the economic development of the country; casting aside tribal and regional rivalries in the interests of creating a modern business economy.
View of the Haramain railway station being built
Haramain Railway station will connect KAEC and Mecca

Speed is integral to KAEC's vision for future. With Mecca and Medina on the high speed train network that links KAEC with the two holy cities, well-heeled Umrah (pilgrimage to Mecca) pilgrims are expected to visit the city as they travel from the place where the Prophet was born to the place where he is buried.
The project is largely privately funded and the government has set up an Economic Cities Authority overseeing the four megacities able to deal swiftly with every licence, construction permit and approval needed.

Virtual Tour of KAEC

KAEC's official website - http://www2.kaec.net/
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Friday 20 March 2015

Android Auto - Google's attempt of improving voice navigation.

Google on Thursday announced that Android Auto is officially ready for the consumers. According to the company, Pioneer is the first manufacturer to release Android Auto-compatible Head units.

If you own an Android smartphone powered by v5.0 or above, you can now pick up one of Pioneer’s Android Auto head units, install the Android Auto app from Google Play and enjoy Android Auto in your car.

The Android Auto app will allow you to listen to music, navigate using Google Maps, and a few other functions we’ve known about for awhile now. If you’re interested, here’s the full app description from the Play Store:
  • Free turn-by-turn navigation with Google Maps
  • Hands-free phone and messaging
  • Get weather, traffic, commute information and more from Google Now
  • Listen to your music and playlists with your built-in stereo system
  • Features from supported applications
Android will be available on Ford, Audi, Suzuki, Hyundai, Chevrolet, Fiat, Honda etc. Although no Indian car manufacturer has tied up with Android for this project.

Android Authority's Android Auto Demo at Google I/O in 2014

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Tuesday 17 March 2015

Mutual Fund of the month - Franklin India Smaller Companies-G

Franklin India Smaller Companies Fund has been classified under the small and midcap category in the CRISIL Mutual Fund Ranking. The fund has been ranked in the top 30 percentile (CRISIL Fund Rank 1 or 2) for the past four quarters. The fund's average assets under management (AUM) stood at Rs 588 crore for the quarter ended June 2014; over the past year, the average AUM has increased 98 per cent.

Portfolio holdings as on 30 September 2013

Managed by R Janakiraman and Roshi Jain, the fund's objective is to provide long-term capital appreciation by investing in small and mid-cap companies. It intends to have at least 75 per cent allocation to smaller companies with market capitalisation below the top 100 stocks in the CNX 500 Index.


INCEPTION: 14 January 2005 

CATEGORY: Equity Mid and Small Cap

TYPE: Open-ended
AUM: Rs 587.71 crore


NAV: Rs 38.57
EXIT LOAD: 1% for redemption within 365 days.




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Sunday 15 March 2015

The future of Bitcoin in India

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. 

Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

Bitcoin is second only to gold on the list of topics guaranteed to arouse the wrath of the Internet trolls. Yet relentless promotion can’t hide these facts: The digital currency peaked at a value of $1,130 just over a year ago. Its plunge of more than 56% in 2014 makes it the world’s worst performing currency this year, according to Bloomberg, which tracks 175 foreign-exchange values: Bitcoin claims to provide Web buccaneers with a secure store of value free from the risk of government confiscation or interventionist devaluation, making it the currency of choice for old-fashioned money-launderers and modern-day snake-oil salesmen.

RBI Governer Raghuram Rajan’s take on Bitcoin
Raghuram Rajan, governor of the Reserve Bank of India (RBI), said digital currencies such as bitcoin would be helpful in the transition towards a cashless society, as they become better and safer in the future. Rajan said the digital currency is "fascinating", despite apparent drawbacks.
"I think we are still watching the evolution of these kinds of currencies," he said.
"One of the problems that we envisage with bitcoin is security issues. You've seen that it is not as secure as people thought they were and there have been stolen bitcoins and so on."
"But the second issue is the fluctuation in value. For money you require a stable store of value. Something that fluctuates so much is less effective for use as money."
However, Rajan noted that the technology used in digital currencies is promising, and they will become safer and better in future.
"Some of them are useful, some of them are worrisome and we have to see how we take on such technologies," he said.
"I have no doubt that down the line we will be moving towards primarily a cashless society and we will have some kinds of currencies like this which will be at work."
"Over time they will be a form of transaction, that's for sure."
He added that central banks across the globe could one day embrace a digital currency system.
The RBI, like many of its peers across the globe, has earlier issued warnings about the use of digital currencies. It advised customers to exercise enough caution before using them as an investment and a mode of payment.
BTCXIndia is India’s real time bitcoin exchange
India now has a full and compliant bitcoin exchange called BTCXIndia – also featuring a live trading platform and wallet service – which launched officially on 5th May 2014 in the southern city of Hyderabad.
It's a significant step for the country's bitcoin economy as its previous exchanges, some of which operated as fixed-price buy-sell platforms, lived with a degree of regulatory uncertainty since a series of government warnings and raids on bitcoin businesses in December and January.
BTCXIndia currently has 10 staff members, working in development, customer services and compliance. Investment comes via a UK company that has funded the exchange for at least one year, and is also working as a strategic advisor to the management team.
BTCXIndia keeps the absolute majority of the coins it holds in cold offline storage, and is also working on a proof-of-reserves implementation and "other interesting features" to reassure customers their funds are always 100% safe.
Meet Zebpay, India's first mobile Bitcoin wallet
It is the first mobile Bitcoin wallet in India and perhaps the simplest in the world. Its goal is to get more people to use Bitcoins and in order to do so, avoid all the confusion that comes with it. Registering and creating your wallet is as simple as verifying your mobile number through an automated message sent to the mobile.
Currently, Zebpay is going to allow users to buy Flipkart coupons and similar other things from the app. Unlike PayTM though, Zebpay is not bound by the rupee. The Zebpay app is a global app, which means you can use it for transactions worldwide, wherever Bitcoins are allowed. That obviously makes for a select few places, but it’s a start nevertheless.
The app itself is very simple to use. The Android app can be downloaded from the Play Store, while Zebpay has already submitted the iOS app to Apple as well. Once downloaded, the user undergoes a WhatsApp like verification process, where a text message is sent to his/her mobile with the verification code. This completes the verifications process. Currently, adding Bitcoins will require you to create a wallet on iGot.com, but Zebpay plans to allow this through the app itself. The company will ask for a KYC from the customer, following which one can buy Bitcoins directly through the app.

One thing that the three founders often reiterated at the launch was the Zebpay is a ‘spend wallet’. This means it is intended to be an electronic version to your physical wallet. Just like we keep the bulk of our money in the bank and carry around physical banknotes for our regular expenses, Zebpay wants you to keep the bulk of your Bitcoins in cold storage, while only the amount you need for regular activities should be carried around in the wallet.

Regulatory confusion
Bangalore-based exchange Unocoin launched in December 2013 during that city's first bitcoin conference, saying it intended to be fully compliant with customer verification procedures and other regulations.

On 24th December, however, the Reserve Bank of India (RBI) issued a warning that Unocoin and others like it were operating without approval, causing the exchanges to cease all services as a precaution.

Ahmedabad's Buysellbitco.in was raided and information service CoinMonk received a visit from tax officials seeking more information. Unocoin, owned by the same group as CoinMonk, came back online in the first week of January, however, and is still in business.

Top 5 countries for Bitcoin Download

Next big thing

In December, the bitcoin community turned to India as its next great hope after Chinese government statements caused the price to drop from its record high of $1,200. India is an emerging economy with a population of over a billion people, nearly half of whom are unbanked or under-served by banks.

It also receives around $70bn in overseas remittances per year, making up 4% of its GDP. Together with its roughly 250m Internet users and a proclivity for high-tech industry, India would seem perfect for the introduction of a breakthrough financial technology like bitcoin.
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