India

Free Budgeting software for home business and sole trader

April 16, 2017 by Reporter Leave a Comment

This free “Expense Calculator software” is a practical and reliable Java based application that helps you to quickly add, analyze and manage various payments or expenses for you if your just running a home business or then even as a sole trader .

The tool is pretty basic and not an full accounting software package

Expense Calculator features a very simple and intuitive interface and the options are well-organized. With this Software , you have the possibility to quickly add as many candidates as you want so you can easily organize the payments.
Also, you are able to view all the transactions so you know if you will receive or transfer funds.

Pics from softpedia

This tool has been released by an Indian software group called saksham group and the software can be downloaded free here at SOFTPEDIA

Some more Accounting softwares list :

Some commonly used accounting systems used by small businesses are

MYOB.
QuickBooks.
Reckon One.
Sage.
Xero – online.
Cashflow Manager.
Nominal.
Saasu.

Brazen Gang rape in India sparks outrage and shocks the world

December 20, 2012 by Reporter Leave a Comment

The 23-year-old medical student has been left fighting for her life after a attack by upto four men on a bus. She was gang-raped by at least four men, brutally bashed, and then thrown out of the bus while it was still moving. Her male companion was also seriously injured by the same group of attackers.

Her male companion who tried to intervene also got beaten up brutally with an iron rod.

According to police and reports, the rape took place over a period of more than 40 minutes. The victim was dragged to the rear of the bus and brutally beaten and raped.”

Rape cases in India more than doubled between 1990 and 2008 according to official data

Four people including the bus driver have so far been arrested and the police are on the hunt for two other suspects

Indian prime minister Manmohan Singh joined his ruling Congress party chief Sonia Gandhi in condemning Sunday night’s “heinous” assault.

The brutal gang-rape of a student on a bus has sparked outrage and protest on the streets of New Delhi, India. Demonstrators say violence against women is skyrocketing across the city.

During the protest screened live on television, police could be seen hosing down demonstrators after a group of them tried to tear down steel barricades outside the official residence of New Delhi’s Chief Minister Sheila Dikshit

Bollywood superstar Amitabh Bachchan weighed in by calling on his Facebook page for “every Indian (to) become a vigilante, a soldier, a commander” to “fight such heinous crimes with strength and conviction”.

In a more recent incident

After gang rape of a girl in a moving bus in Delhi, which shocked the entire country, a 38-year-old woman was allegedly gang-raped by three persons at a roadways bus stand in Mau district of Uttar Pradesh. According to this report the police refused to lodge a rape complaint and registered a case of molestation, eve-teasing and theft

After public anger and outrage rocking India , New Delhi’s police chief on Tuesday demanded the death penalty for people convicted of rape, a crime that currently carries a maximum punishment of 10 years in prison.

Guar – The mining gold from India Coveted by US Miners

July 17, 2012 by Reporter Leave a Comment

The people of rajasthan India often live in poverty, specially a lot of the farmers in the desert land of Rajasthan India. But suddenly a small little bean grown in rajasthan India is changing many lives for the better , creating a flutter in the Indian commodity market and also worrying a lot of us miners who use this bean for a mining method called fracturing

Guar the Indian Bean and Mining by Fracturing

A recent discovery that guar could stiffen water so much that a mixture is able to carry sand sideways into wells drilled by horizontal fracturing, also known as fracking has made this bean a commodity in demand.

U.S. companies drilling for oil and gas in shale formations have developed a big appetite for the powder-like gum made from the seeds of guar giving many small-scale farmers in India a nice bonanza who produce 80 percent of the world’s beans.
Halfway around the world, earnings are down for an oil services giant, Halliburton, because prices have risen for guar (The bean that is used in fracturing), the bean that many Rajasthan farmers have now started to grow, abandoning their traditional farming crops. . The increase in guar prices is helping to transform this part of the state of Rajasthan in north-western India, one of the world’s poorest places.

The magic bean Guar from India

This hard little bean when ground up, it becomes an essential ingredient for mining oil and natural gas in a process called hydraulic fracturing. This bean Guar is so hard that it can crack teeth, has become an unlikely global player, and poor farmers in India have suddenly become a crucial link in the energy production of the United States.

For centuries in Rajasthan India , farmers here used guar to feed their families and their cattle. These beans are easier to grow in the Rajasthani desert, a land poor in rain. Commercial interest in guar first developed when food companies found that it absorbs water like a souped-up corn-starch, and a powdered form of the bean is now widely used to thicken ice cream and keep pastries crisp.

Fracking boom in the United States

The fracking boom in the United States and now spreading in Europe has led to a surge in natural gas production, a decline in oil imports and a gradual transition away from coal-fired power plants. "Without guar, you cannot have fracturing fluids," said Michael J. Economides, a professor of engineering at the University of Houston who is a fracking expert. "And what everybody is worried about is that there is virtually no guar out there now."

In March, the United States bought 33,800 metric metric tons of guar gum from India, the highest amount ever. Last year, U.S. firms bought an average 22,000 metric metric tons from India a month.

India produces about 85 percent of the world’s guar. Worries for this year’s monsoon, which is vital for an adequate crop has risen in speculation over commodity prices for guar

Vikas WSP, an Indian company that specializes in the production of guar powders. Vikas signed contracts with farmers guaranteeing a return of nearly $800 per acre if they planted guar, no matter what this year’s monsoon brought.

"Last year was an extraordinary year," said S. K. Sharma, managing director of Lotus Gums and Chemicals in Jodhpur. "In 35 years in this business, I’ve never seen that."

Mr. Sharma said his company would soon open a second plant dedicated entirely to serving gas companies, adding that he was cautiously optimistic that guar prices would remain robust. "But we know there are efforts to grow guar in China, Australia, California and elsewhere, and it has us worried,"

Neil Beveridge, an oil analyst at Sanford C. Bernstein & Company, said demand for fracking services should continue to grow rapidly as the industry expanded outside North America. "We’re already starting to see a big increase in Eastern Europe, Argentina, Australia, China and India itself," he said.

Mr. Economides, the Houston fracking expert, said. "There are no easy or cheap alternatives to guar,"

guar sowing increases
price of sugar
guar prices 2012
guar
guar gum price monitor 2012

That is good news for guar producers and farmers of Rajasthan India.

Iran gets tough, Australia gets tougher

January 24, 2012 by Reporter Leave a Comment

Foreign Minister Kevin Rudd has said Australia will follow the European Union in banning Iranian oil imports, after talks with his British counterpart in London. Iran has been reported in the press widely to have made a threat to block the strait of hormuz through which oil passes through to the rest of the world. Blocking this could result in a oil price hike affecting us immediately with increase in prices to fill and drive our cars.

China and India Oil imports with Iran

A leading state-run Chinese daily warned on Monday that Moscow and Beijing were seriously concerned over US attempts to go to war with Iran, IANS reported from Beijing.

The EU and the United States are pushing major importers of Iranian oil such as China, Japan, South Korea, India and Turkey to join the economic embargo. The US has been trying to pursue India and china to lessen their reliance on oil exports from Iran and putting pressure on Iran. China and INDIA have major oil imports agreements from Iran and India recently had payment routing problems to Iran for payments for oil that was routed through US based firms.

Some 65 percent of Iranian exports go to Asia. This step joins Russia and Iran’s announcement to begin trading in their own domestic currencies rather than use the US dollar – a reserve currency. China has rebuffed Western entreaties to reduce oil imports from Iran. When one Chinese oil firm, Zuhai Zhenrong, was recently placed on the financial sanctions list for trading with Iran, Beijing reacted furiously and conveyed "strong dissatisfaction and adamant opposition".

India has decided not to heed the West on abandoning Iranian oil imports, and it is proceeding to negotiate alternative payment processing mechanisms to continue trading with Tehran. Currently, India depends on the volatile Middle East for 70% of its oil and gas imports.

A senior member of Iran’s parliament said on Monday the Islamic Republic would close the entry point to the Gulf ( Strait of Hormuz ) if new sanctions block its oil exports. This news has been reported widely in online and News media with the affect of it creating a atmosphere of distrust towards Iran and creating a scenario of justifying an attack on Iran.

Any bid by Iran to block the Strait of Hormuz at the entrance to the Gulf, through which 20 per cent of the world’s oil exports pass could result in a big oil price spike and ensuing chaos and distrust between countries.

What are these sanctions imposed by the EU ?

EU nations have formally adopted an unprecedented set of sanctions against Tehran – which include a bloc-wide embargo on Iranian oil

Iran’s blocking threat of the strait of Hormuz was a reaction to the European Union decision to impose sanctions on the Iranian central bank.But with no defined central power figure in Iran , it cannot be confirmed whether this threat is legitimate and backed by the powers that run Iran or as specified just a comment made by a member of the parliament which has been blown out of proportion , for the selfish propaganda needs of some western countries that are safeguarding their interests.

The EU embargo or sanctions on Iranian oil exports, amounts to the most significant package of sanctions yet agreed. They are also likely to impose a partial freeze on assets held by the Iranian Central Bank in the EU. The reasons for these sanctions is aid to arise from concern that Iran is developing nuclear weapons under the guise of a nuclear energy programme.

The strait of hormuz and its importance !

On an average day in 2011, about 14 tankers carrying 17 million barrels (2,700,000 m3) of crude oil passed out of the Persian Gulf through the Strait of hormuz. This represents 35% of the world’s seaborne oil shipments, and 20% of oil traded worldwide. More than 85 percent of these crude oil exports went to Asian markets, with Japan, India, South Korea, and China representing the largest destination

The strait at its narrowest is 54 kilometres (34 mi) wide. It is the only sea passage to the open ocean for large areas of the petroleum-exporting Persian Gulf and is one of the world’s most strategically important passageways through which major part of the oil exports to the world passes through.

Tensions near strait of hormuz

US Miliatary carrier Abraham Lincoln’s entry into the Gulf came in defiance of an explicit warning from Iran. Earlier this month, General Ataollah Salehi, commander of the country’s armed forces, threatened to respond with "full force" if any US carrier ventured into the region’s waters. "We don’t have the intention of repeating our warning, and we warn only once," he said.

USS Abraham Lincoln, a nuclear-powered carrier capable of embarking 90 aircraft, passed through this channel and entered the Gulf without incident on Sunday. HMS Argyll, a Type 23 frigate from the Royal Navy, was one of the escort vessels making up the carrier battle-group. A guided missile cruiser and two destroyers from the US Navy completed the flotilla, along with one warship from the French navy.

On Sunday, six naval warships including Abraham Lincoln that is based in those waters from the US and the UK started to patrol the Straits of Hormuz in a show of strength. The straits could be the chokepoint for global oil flows if Iran decides to take the battle to oil-dependent countries and stops oil tankers here. This could send oil prices soaring and would be a killer blow to the sluggish global economy.

With this current situation looking like a economic war brought on by US , EU and IRAN, there is always the danger of it escalating with dangerous consequences. China’s Prime Minister Wen Jiabao was has expressed concerns in this context of rising tensions over fresh Western sanctions against Iran and its consequences for energy security in Asia.

Links:

Europe buys oil from – http://www.sbs.com.au/news/article/1621003/Factbox–Whose-oil-does-the-EU-buy-

The “Anna Hazare” India revolution taking place in Delhi

August 22, 2011 by Reporter 1 Comment

After the protest against the dictators in middle east , Riots in London , and the unrest in Libya and Greece Its now India’s turn with massive protest happening against corruption in India led by activist Anna Hazare.

Indian anti-corruption activist Anna Hazare has called on the government to pass a new anti-graft(corruption) law or quit.Anna Hazare has been on a public hunger strike since last Tuesday and Thousands of supporters are gathered in the capital Delhi, where Mr Hazare is conducting his fast.

Mr.Hazare has gained massive support from the poor and middle class who are disillusioned with the chronic corruption In India. The inflation and rising grocery prices in India has also created dissatisfaction among many of the poor in India.

The Anti corruption Anna Hazare backed protest

Anna was arrested previously and then he agreed to a police offer permitting him to go on hunger strike for 15 days with a deal with the current government and Police. Anna Hazare has inspired Thousands of people who are fed up with the corruption in India and also joined his rally in support of Mr Hazare in different parts of india like Mumbai (Bombay), cities of Lucknow, Chandigarh, Ahmedabad and Surat.

Mr Hazare says the government’s proposed anti-corruption bill is weak and wants his own tougher version to be passed by parliament. The Jan Lokpal bill is a civil society-backed version of the government’s Lokpal bill.A recent survey said corruption in Asia’s third largest economy had cost billions of dollars and threatened to derail growth.

"The youth are our national power. … And what I find significant in this ‘revolution’ is that the youth are standing behind it," Hazare told a crowd on Sunday. "I request the citizens of this country to hold sit-ins at the homes of parliamentarians from their areas to make them give a written commitment for the Lokpal," he said.

A constitutional expert Subhash Kashyap said "Mr Hazare is well within his rights to hold protests. But to say, ‘You accept my bill and nothing else,’ might amount to coercing the government and parliament.

A leading civil-rights activist, Arundhati Roy commented on Hazare’s campaign.
"I think (Hazare) is ill-advised. Anyone who says, ‘My view should be the only view,’ is wrong," said Roy of the National Campaign for People’s Right to Information.

Links:

Gas find In India by Australian company Oilex

September 8, 2010 by Reporter Leave a Comment

Oilex of Australia Finds Gas in Gujarat

Stocks in Mumbai extended gains for the second day. Oilex of Australia strikes large reserves of gas in Gujarat. Indian Oil to expand its refinery production by 25% in North India. UAE based Etisalat may invest in Idea Cellular.

Australia’s Oilex Ltd said on Monday it made huge natural gas discovery in Gujarat that may hold over 1.5 trillion cubic feet of recoverable gas. Industry estimates put the total resources base in the Cambay basin discoveries near the town of Khambat, 160 kilometers south of Ahmedabad, at between 20 to 30 trillion cubic feet, almost equivalent to the reserves of RIL’s eastern offshore KG D-6 fields.

Oilex: Western Australia

Western Australia. WA-388-P: Carnarvon Basin Offshore Western Australia. As part of a developing gas strategy with our Indian partners, Oilex, …
www.oilex.com.au/

Oilex Ltd. is engaged in the exploration for oil and gas, appraisal and development of oil and gas properties, and production and sale of oil. The Company is primarily involved in the exploration, evaluation, development and production of hydrocarbons. It has operations in India, Australia, Oman, Timor-Leste and Indonesia. As at June 30, 2009, its permits included Cambay Field, Bhandut Field, Sabarmati Field, Block 56, West Kampar Block, Joint Petroleum Development Area between Timor-Leste & Australia (JPDA 06-103) and WA-388-P.

Indian Commodity Exchange, the nation’s third-largest commodity bourse by turnover, signed a pact with Federation of Indian Mineral Industries, to develop iron ore futures, it said in a statement. Indian Oil Corp shut a 120,000 barrel per day crude unit at its northern India Panipat refinery late on Sunday for 45 days to boost capacity 25%, its head of refineries, B.N. Bankapur said Monday.

Oilex Australian In India

The most significant component of the Company’s portfolio with the chance of generating significant revenue in the near term is in the Cambay Basin, Gujarat, India. Oilex has material interests of 40%-45% in three “brownfield” re-development projects (Cambay, Bhandut and Sabarmati fields). These fields are currently all producing small to moderate volumes of oil.

The potential for improving the production rate from the existing wells and the scope for full scale redevelopment of the fields are encouraging given that the reservoir distribution is poorly understood and analogies nearby in the Cambay Basin are a fair basis for optimism. Step-out exploration potential particularly in the Cambay contract area is low risk and high reward with the demand for gas and oil in the main heavy industrial corridor of India remaining substantially in excess of domestic supply.

Location of Cambay Basin Fields in relation to the main heavy industrial corridor in Gujarat

Natural gas production in India will rise by over 25% to 180 million cubic meters a day by 2012-13 after Reliance Industries eastern offshore KG D6 field hits peak output. India’s gas production is currently around 143 mmscmd, of which around 42% comes from RIL’s Krishna-Godavari basin D6 fields, a government official said. The Indian Railways approached Nuclear Power Corp of India Ltd for setting up 1,000 megawatt of captive nuclear capacity on its behalf. The proposal put forward by the Indian Railways includes setting up two units of 500 megawatt on railway land. Power generated from the plants will be used by the Railways.

Bhandut and Sabarmati Fields

Oilex acquired 40% in each of Bhandut and Sabarmati Fields onshore Gujarat from Niko early in 2006, subject to the approval of the Government of India. Those approvals were received in January 2007. Each of these fields is producing oil at low rates on an intermittent basis and they are anticipated to be good candidates for re-development. Oilex is the designated Operator of the Sabarmati and Bhandut Fields.

OILEX LTD (OEX) – ASX Listed Company Information Fact Sheet

Exempt Foreign? No. Internet Address, http://www.oilex.com.au/. Registered Office Address, Level 2, 46 – 50 Kings Park Road, WEST PERTH, WA, AUSTRALIA, 6005 …
www.asx.net.au/asx/research/companyInfo.do?by=asxCode

The fields were discovered and developed initially by ONGC of India. Hydrocarbons were found in Oligocene and Eocene sandstones and continued to be produced on an intermittent basis after the fields were acquired by the GSPC and Niko Joint Venture in 1995. Production from the fields has suffered because of sand and water influx and decline in reservoir pressure most likely due to formation damage.

Minor oil production from both fields continues and a forward re-development strategy is being formulated for execution in 2009.

Location Bhandut and Sabarmati Fields, Cambay Basin, Gujarat

[PDF]

Oilex started as an onshore

Indian Oil Group’s Chennai Petroleum Corp Ltd has lined up an investment of Rs 20,000 crore over the next five years for capacity expansion, a top company official said Tuesday. “CPCL is planning to set up a 9 million ton refinery project at Manali, near Chennai at a cost of Rs 10,000 crore. This is to replace the aging 2.8 million ton refinery,” IOCL Chairman B.M. Bansal told reporters in Chennai.

Cambay Field

In July 2005, Oilex entered into an agreement with the Cambay Field Joint Venture, comprising Gujarat State Petroleum Corporation Ltd (“GSPC”) and Niko Resources Ltd (“Niko”) to acquire a 30% participating interest in the Production Sharing Contract (“PSC”) covering the Cambay Field. Oilex acquired an additional 15% equity interest from Niko and now holds a 45% participating interest in the Cambay PSC. The Government of India approved the 30% farmin equity agreement in March 2006 and the approval for the balance of the equity in the PSC was received in January 2007.

Offshore Western Australia

As part of a developing gas strategy with our Indian partners, Oilex, as Operator on behalf of a bidding group with large Indian companies successfully bid for Application Area W05-11 in April 2006. The permit is now designated as WA-388-P. The block lies to the north of the North Rankin, Goodwin and Perseus gas and condensate fields currently being produced for the domestic and LNG gas markets by Northwest Shelf Ventures and to the north of the large gas resources discovered in the Janz/lo area.

Oilex Ltd

PO Box 588, West Perth
WA 6872
Australia

Tel:
61/08 9226 5577

URL:
http://www.oilex.com.au

Formerly known as:

Oilex NL

Primary Symbol & Exchange:

OEX – Ordinary Shares – Australian

Other Symbol & Exchange:

OEX – Dual listed – London

Industry:

Mining

India