Rajesh Jain – Friend Of The BJP


wealthymattersRajesh Jain is a Mumbai based serial entrepreneur , investor, technologist and committed BJP supporter.He is the founder and Managing Director of Netcore Solutions Pvt Ltd.Should you wish to get to know him better,you can catch up with his views on his personal blog Emergic.org. He has been a key backroom player in creating the Narendra Modi wave on social media.He started the network of professionals called Friends of BJP and funded the right-leaning website NitiCentral .

He made many millions early on, when he sold his portal IndiaWorld-India’s first Internet portal which was launched in 1995-to Sify ,in 1999, for 500 crore.

He is currently invested in 11 companies through his own fund -Emergic Venture Capital.

  1. Novatium – Network Computers ($100 PC)
  2. Rajshri Media – Broadband and Mobile Portal
  3. Midas – Communications Equipment
  4. n-Logue – Rural Services
  5. ValueFirst – Enterprise Mobility (SMS)
  6. Greynium – Local Language Portals and Classifieds
  7. mChek – Mobile Payments
  8. New Horizon Media – Local Language Publishing
  9. Yos Technologies – Personal Healthcare Records
  10. Intelizon – Solar Energy for Rural Electrification
  11. Mobifusion – Consumer Mobile Apps

With Narendra Modi becoming a popular search term on the internet, it should be interesting to watch the what Rajesh Jain does next.

Should you be interested in an interview,check out the one here:Link

Stimulating The Economy


wealthymatters“Demand side economic stimulus, either through monetary or fiscal policy, may be necessary for some countries in some periods but is not always the solution to downturns. When countries are in recessions characterized by low inflation, like the US and Europe, then demand side measures can work. If on the other hand slowing growth occurs alongside high inflation, exclusive reliance on demand-based measures cannot be the solution.”- Gita Gopinath

Food Inflation Stats


wealthymatters

Here are some figures to use when planning for retirement.

How about a bit of vegetable farming or trading?

Cultivating Faith


wealthymatters“I mean talk.Never forget that God is your friend.And like all friends,He longs to hear what’s been happening in your life.Good or bad,whether it’s been full of sorrow or anger,and even when you’re questioning why terrible things have to happen.So I talk with Him.”-Pastor Harris in The Last Song by Nicholas Sparks.

Diwali Dhamaka


wealthymatters

Yesterday the Union Cabinet approved a 10% increase over the existing rate of 80%, in dearness allowance and dearness relief, which will benefit about 50 lakh central government employees and 30 lakh pensioners .

The increase will be applicable from July 1, which means the central government employees and pensioners will get a good lump sum during the festival season-a real Diwali Dhamaka.

There will be additional . 900 crores every month in the hands of central government employees and pensioners.Maybe this should help pump-prime the economy!

The increase is in accordance with accepted formula based on the recommendations of the Sixth Central Pay Commission.Under the current rules, the government uses CPI-IW data for past 12 months to arrive at the biannual dearness increase, which is computed as a percentage of basic salary. It was increased to 80% from 72% in April 2013, effective January 1 this year. After Friday’s increase, the amount rises to 90% of basic pay. This is the first double digit dearness allowance increase in about three years. The retail inflation for industrial workers between July 2012 and June 2013 was used to compute the increase in DA.

Just see how much salaries have had to increase just to keep up with inflation.