Ayodya verdict

Lucknow, Sep 30 (PTI) Holding that the entire disputed site in Ayodhya is the birth place of Lord Ram, Justice Dharam Veer Sharma of the Allahabad High Court today said that the "place of birth is a juristic person and is a deity." "The spirit of divine ever remains present everywhere at all times for anyone to invoke in any shape or form in accordance with his own aspirations and it can be shapeless and formless," Justice Sharma said in his judgement on the Ayodhya title suits.

He said the structure constructed by Babar was against the tenets of Islam and cannot have the character of a mosque. "The disputed building was constructed by Babar, the year is not certain but it was built against the tenets of Islam.

Thus, it cannot have the character of a mosque," the judge said. He said the disputed structure was constructed on the site of the old structure after its demolition.

The Archaeological Survey of India has proved that it was a massive Hindu religious structure, he said. The judge said the disputed site "is the birth place of Lord Ram" and that a "place of birth is a juristic person and is a deity.

" He said the idols of Lord Ram were placed in the middle dome of the disputed structure in the intervening night of December 22-23, 1949. The judge held that the Sunni Central Board of Waqfs, UP and another main petitioner Nirmohi Akhara were barred by time for claims for title.

He said it established that the property in suit is the site of "Janmabhoomi of Ram Chandraji and Hindus in general had the right to worship Charan, Sita Rasoi, other idols and other objects of worship that existed on the property in suit." It has also been established that Hindus have been worshipping the place in dispute as Janmasthan and visiting it as a sacred placed of pilgrimage "as a right since time immemorial".

After the construction of the disputed structure it has been proved that the deities were installed inside the disputed structure on 22-23.12.1949. "It is also proved that the outer courtyard was in exclusive possession of Hindus and they were worshipping throughout and in the inner courtyard also they were worshipping," he said.

Justice Sharma said, "it is also established that the disputed structure cannot be treated as a mosque as it came into existence against the tenets of Islam." PTI VMN VSC.

Slumdog wins 8 Oscars and double Oscar treat for Rahman for Best Original Music Score and Best Song

Out of the ten Oscars that it was nominated for, Slumdog Millionaire swept eight Oscars, which included two Oscars for music maestro A R Rahman, Best Director for Danny Boyle and Best Sound Mixing for India's Resul Pookutty.

http://movies.ndtv.com/newstory.asp?section=Movies&Id=ENTEN20090084440&

Interesting information about Mutaul Fund Investor Service Centre

Do you know about an Investor Service Centre which provides Consolidated services for most of the mutual Funds?

Computer Age Management Services Pvt. Ltd.(CAMS) offers a comprehensive package of Transaction Processing and Customer Care services to the Mutual Fund industry

CAMS (http://camsonline.com/) provides this comprehensive package of services to 18 Indian Mutual Fund families as services provider. Of every 100 Mutual Fund transactions processed in India, CAMS processes 50 or more.

Most interestin thing about CAMS is it provides Consolidated statement of all folios having your PAN (Permanent Account Number) through its Mail Back Service called "Active Statement".

It provides Consolidated information about all your investments in various mutual funds for which CAMS acts as ISC (Investor Service Centre).

Site to Down Load vedios from youtube.com

Simply enter the youtube link in the space given in the site to download your favorite youtube videos. Click on the Download.

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Richards despatches Hendrick The perfect ending to the second World Cup final

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Tip of the day - How to avoid entry load on Mutual fund applications

Market regulator, Securities and Exchange Board of India (SEBI) has waived entry load for direct applications for mutual fund Investments. Market regulator said that the exemption would apply for investments in existing schemes with affect from Jan. 4, 2008 and in new scheme to be launched thereafter.

The Mutual funds generally charge about entry load of 2.25 % on investments made directly or through distributors. But with the introduction of this norm, an investor will not have to pay the entry load of 2.25% for equity funds unless he avails the services of a distributor. Units will be allotted to the investor to the full amount.

For Example: Earlier if an investor invests Rs. 1,00,000 in Mutual Fund entry load (Assuming @ 2.25%) 2,250 will be charged to him. Investor will be allotted only to the extent of Rs. 97,750 From Jan 4, 2008 if he invests in MF directly through AMC/Investor Service Centre he will be allotted units for the entire amount i.e., for 1,00,000

Frequently asked questions:

1. What do you mean by Direct application?

Ans: Direct application means the applications which are received through the Internet, directly submitted to AMCs’ or to the collection centre/investor services centers that are not routed through any distributor, agent or broker.On the application it has to be mentioned clearly as "Direct" in the "Broker column"

2. I have invested in SIP before January 4th,2008 whether I will be able to avoid entry load on my SIP which is still continuing?

Ans: Yes. You can definitely avoid the entry load. Just you have to approach the AMC or the Collection Centre / Investor Service centers and request for Entry Load cancellation form. Fill the same and submit to them.

3. Whether entry load will be levied when I switch from One Scheme to another Scheme?

Ans: No entry load will be levied if the investors switching from one scheme to another while dealing directly with the AMC.

4. Whether I will be levied any entry load if I invest through Internet?

Ans: Entry load is waived, only if Investment is made through the fund's official website. Purchases through any other website will attract the entire entry load.

Tax Saving Options for Personal Tax payers in India

As this is financial year is closing all the personal tax payers in India will be looking for tax saving options. Your tax saving investments should be based on your ability to handle risk and the time for which you are willing to stay invested.

Section 80C of Income tax act offers a deduction of Rs 1 lakh, irrespective of income brackets

Here are the options with their related benefits:

For Conservative Investors:

If you are an risk averse investor or a retired person you should chose conventional investments such as Insurance, PPF (Public Provident Fund), NSC (National Savings Certificates), Infrastructure Bonds, Bank Fixed Deposits (Minimum Lock in for Five Years) etc.,

Note: You should consider your period of requirement and Post tax returns

For Investors who can afford to take risks:

If you are an investor ready to take risks you can invest in ELSS (Equity Linked Savings Schemes) category of Mutual Fund (Lock in period of 3 years) orULIP (Lock in period as per the agreement). ULIP is a combination of Mutual Fund and Life Insurance.

As ULIP's will have high initial costs (Ranges upto 40% of premium) and recurring payments it is better to go for Plain insurance plans as the premium compared to ULIP's will be lower. ULIPs are meant to be long-term products, where the policyholder stands to gain market returns only over a period of 8-10 years.

If you are looking for tax relief and wants to invest in equity you can opt for ELSS provided your requirements are 4-6 years away. As ELSS is an equity asset it is having inherent risk element market fluctuations. SBI Magnum Tax Gain Scheme 1993 and Sundaram Tax Saver have been consistently provided the returns over the last one year, thereby proving their success even in these dark times

Disclaimer: Mutual Fund Investments are subject to market risks.

All the opinions are personal and investors should think on their own before investing in any of the investments.