Saturday, October 27, 2007

To Find out how many H1-B's your employer has filed

Click the following link to find out your employer H1-B filing history. H1-B disclosure data is available till the fiscal year 2006.

http://www.flcdatacenter.com/CaseH1B.aspx

you need to enter following information.

This site is developed and maintained by the State of Utah under contract with the US Department of Labor, Division of Foreign Labor Certification

Saturday, October 13, 2007

Right time to send money to India - Analysis of Increasing Rupee Value

I am living in US and wanted to transfer some money to India. I want to find out the right time to send money. Since Rupee value is increasing day by day, I want to get more Rupees for my $$. So I started digging into blogs and News related to this topic to find out what’s going in the background.

First reason I found for this Issue is a lot of money is pouring in to India by FII (Foreign Institutional Investors). Pouring means FII’s are buying Rupees for dollars. Demand for Rupee increased so the value.

Inflow by FII’s into India:
list of FII registered at SEBI (http://www.sebi.gov.in/FIIIndex.jsp)
Rs.6,600 crores ($2.17 billion) in First quarter
This Inward-flow accelerated by Fed Rate cut in US because of sub-prime mortgage debacle (on September 18)
Around Rs.12,000 crores ($3.95 billion) in the month of September
Rs.6,987 crores ($2.3) billion in the first week of October
I read in one article so far (till October 2007), the total FII investment is $14.54 billion (Around Rs.44, 000 crores!!!!) 1

These figures show that there is lot of foreign money in India. Rupee value decreases only if these FII withdraw money from these investments in India.

“There is no reason to conclude that money will flow out... this defies common sense,” the finance minister of India said2.

My amateur analysis came to one conclusion that the following reasons may cause FII’s to withdraw money from these Investments.

1. Interest rate increase by Fed in US
2. Political Instability in India

There is little chance the first could happen since I read news that there is a possibility of further interest rate cut. Even if the interest rate comes to previous stages of sub-prime Investors still prefer emerging Indian Market.

Second could happen because of (NU/UN)clear drama of UPA-LEFT family. Since they are enjoying and postponing the drama like an Indian TV soap opera this may take some time…so till the end of this year I don’t see any decrease in Rupee value …..

The reason FII’s started pulling out investments in May 2004 is when Left parties asked Govt to stop privatization process, dismantle the divestment ministry and to raise subsidies, which contradicts Investors policies3.

One more interesting thing I found that only 30 companies make up BSE Sensex4

1. Associated Cement Companys Ltd.
2. Bajaj Auto Ltd.
3. Bharat Heavy Electricals Ltd.
4. Bharti Tele Ventures Ltd.
5. Cipla Ltd.
6. Dr Reddy’s Laboratories Ltd. (NYSE: RDY)
7. Grasim Industries Ltd.
8. Gujarat Ambuja Cements Ltd.
9. HDFC
10. HDFC Bank Ltd. (NYSE: HDB)
11. Hero Honda Motors Ltd.
12. Hindalco Industries Ltd.
13. Hindustan Lever Ltd.
14. ICICI Bank Ltd. (NYSE: IBN)
15. Infosys Technologies Ltd. (NASDAQ: INFY)
16. ITC Ltd.
17. Larsen & Toubro
18. Maruti Udyog Ltd.
19. National Thermal Power Corp. Ltd.
20. ONGC Ltd.
21. Ranbaxy Laboratories Ltd.
22. Reliance Energy Ltd.
23. Reliance Industries Ltd.
24. Satyam Computer Services Ltd. (NYSE: SAY)
25. State Bank of India
26. Tata Consultancy Services Limited
27. Tata Motors Ltd. (NYSE: TTM)
28. Tata Power Co. Ltd.
29. Tata Steel Ltd.
30. Wipro Ltd. (NYSE: WIT)

2 Year Chart INR-USD







Sources:
http://www.indianexpress.com/story/225771.html
http://www.indianexpress.com/story/227746.html
http://in.rediff.com/money/2004/may/17fii.htm
http://india.financialnirvana.com/2006/05/23/companies-that-make-up-the-bse-sensex/

Sunday, September 23, 2007

Understanding APR and Balance

This is one of the best articles I found on Internet to understand APR.
(Source :- http://www.careonecredit.com/Knowledge/cost-of-credit.aspx )

The Cost of Credit: Understanding APR and Balance Calculations
The cost of credit is not as easy as simply knowing the interest rate. Learn how to evaluate the APR to make good credit decisions.
The Annual Percentage Rate (APR) is the cost of credit (actual interest rate) expressed as a yearly rate. Comparing the APR of loans or credit cards is a quick way to determine which loan or card will likely cost you the most, excluding optional fees such as late payment fees, ATM fees, or obtaining a cash advance. Whether your interest is calculated daily, monthly, or yearly, the APR provides a standardized way of comparing the interest rates on different cards or loans.
The federal Truth in Lending Act requires creditors to disclose the APR on your loan transactions. Why do you need to understand this information? As a consumer of credit, you benefit from understanding the commitments you are making with your money and with your reputation in the credit marketplace. You will also be in a better position to choose the appropriate credit card for your needs. For an example of interest rate and fee disclosure, see the Bank of America terms for one of its credit cards.
Calculating the APR
On credit card billing statements, the finance charge (interest) is expressed in two ways, as a periodic rate (monthly or daily) and as the annual percentage rate. The monthly periodic rate is the annual percentage rate divided by 12.

The example below shows how the APR affects the cost of credit.
To determine the monthly periodic rate on a yearly APR of 18%:
18% ÷ 12 months = 1.5%

To calculate the finance charge using a monthly periodic rate, multiply:

Average Daily Balance x Monthly Periodic Rate = Monthly Finance Charge
(For this example, $100 is the account balance)
$100 x 1.5% = $1.50

Some cards use a daily periodic rate to calculate the finance charge. To get the daily periodic rate, you divide the APR by the number of days in the year (365).
To determine the daily periodic rate on a yearly APR of 18%:
18% ÷ 365 days = .05%

To calculate the finance charge using a daily periodic rate, multiply:
Average Daily Balance x Daily Periodic Rate x Days in the Cycle = Monthly Finance Charge
(For this example, $100 is the account balance)
$100 x .03288% x 31 = $1.02


Balance Computation
Although looking at the APR is the most obvious way to compare credit cards, the method by which credit card issuers determine your balance can make a big difference in how much interest you pay. Here are some of the ways a creditor can calculate the finance charge on your credit card or loan:
Average Daily Balance – The balance is calculated for every day in the billing cycle. Each day, new charges or payments are added to or subtracted from the existing balance. All daily balances are added together and divided by the number of days in the billing cycle to get the average daily balance. The average daily balance is multiplied by the periodic rate to get the finance charge. This is the most common form of balance computation used by credit card issuers.
Two-Cycle Average Daily Balance – The balance used to calculate finance charges is based on two billing cycles. The average daily balance for the current billing cycle and the average daily balance for the previous billing cycle are each calculated as described above. The finance charge would be the sum of both average daily balances multiplied by the monthly periodic rate. Usually this is the most expensive form of balance computation for the credit consumer.
Adjusted Balance – Additional purchases made during the current billing period are not added to the balance for purposes of calculating the finance charge. The payments and credits for the current billing cycle are subtracted from the balance as it was at the opening of the billing cycle, and the finance charge is calculated using this number. Since new purchases are not included (which would raise the balance) and payments are included (which lowers the balance), it usually means a less expensive finance charge. Of all the balance computation methods, it is the least costly to the borrower.
Previous Balance – The previous balance method of computation uses the balance at the opening of the billing cycle. The payments received during the current billing cycle are not subtracted from the balance and additional charges are not added to the balance. The previous balance method results in more costly finance charges than the adjusted balance method because current payments (which would lower the loan balance and thus the finance charge) are not included in the calculation. On the other hand, using the previous balance method results in lower finance charges than either of the average daily balance methods of calculating interest owed.
Shopping for a Low APR
Selecting a credit card with a low APR is good, but you should compare other things as well.
One card may have different APRs for each feature of the card. For example, purchases may be subject to an APR of 14%, while cash advances obtained with the same card may have an APR of 17%.
If your credit card has a variable rate, it can change throughout the year. Read your disclosure statement or talk to your lender to find out additional details about your annual percentage rate.
Look for a card with an APR that suits your situation. If you can pay your balance in full every month, having the lowest APR is not as important as the other fees associated with the card, such as annual fees or cash advance fees. However, if you carry a balance from month to month, then you want the lowest APR possible. But analyze carefully the terms for credit cards with lower APRs. Lenders frequently try to balance the low interest rates with high annual fees and penalties. To compare credit card interest rates and fees, visit the Bankrate.com and the IndexCreditCards.com websites.
Time vs. APR
If you have a credit card with a high APR, you can minimize the effects of this by paying off the debt in a shorter time period. You do this by paying more each month on your credit card balance. This results in a rapidly declining balance that greatly reduces the finance charges. The examples below compare the total finance charges of cards having two different APRs (14% and 18%) with two scenarios (paying the minimum or paying significantly more).
Example 1: There is a 14% APR. The credit card balance is $1,000. We'll assume that no additional charges will be made until the current balance is paid in full. Monthly payments will be received by the due date. If you make a minimum monthly payment of $30, it will take more than 3 years (43 months) to repay the debt, and the total interest paid will be $273.74. But if you choose to make a higher monthly payment of $100, it will take less than a year (11 months) to pay off the balance, and the total interest paid will be $69.50
Example 2: There is an 18% APR. The credit card balance is $1,000. No additional charges will be made until the current balance is paid in full. Monthly payments will be received by the due date. If you make a minimum monthly payment of $30, it will take 4 years (47 months) to repay the debt, and the total interest paid will be $369.74. But if you choose to make a higher monthly payment of $100, it will take 11 months (the same amount of time as it would take to pay off the same debt carrying the 14% APR), and the total interest paid will be $91.57.
These examples show that making a monthly payment greater than the minimum diminishes the impact of the higher APR. In the two examples, paying a higher monthly amount results in paying only $22 more in finance charges if you have the more expensive APR.
Be aware that credit card balances can increase rapidly when only the minimum payments are made and balances are left to accrue interest over time. If possible, only use your credit cards when necessary and pay more than your minimum payment amount each month. Credit grantors are in the business of making money off of your credit card habits, but remember that you can sometimes negotiate with your issuer to obtain a lower APR or lower fees.
It's Not Only APR
In short, the APR is a convenient way to do your first comparison of credit cards, but you must look carefully at other factors, such as the method the creditor uses to calculate the balance used to determine finance charges, and the other fees and penalties associated with the card. Above all, you can save yourself the most money by making the highest monthly payment you can afford to eliminate the debt as quickly as possible.
This article is one in a series about credit cards. For help in selecting a credit card, read the U.S. Federal Reserve article Choosing a Credit Card. For further information on credit, read the related articles in our Knowledge Center Library.
Take control of your finances and debt. Use our calculators and budget planner to help you manage your money.

Saturday, September 15, 2007

Wednesday, August 22, 2007

2007 Toyota Camry




If you are planning to buy 2007 Toyota Camry, this post would be helpful


Recently 2 of my colleagues bought 2007 Toyota Camry


I - bought in July -Basic Camry LE - $20,000.00 + Sales tax (around 6%)


II- bought in August - Basic+Night vision mirror - $19,800 + (Sales Tax 6%)




If anyone bought for a better deal than these.. please reply to the post with details....here is the snapshot of Invoice prices for the Camry...

















Tuesday, August 21, 2007

Bio-Friendly Car

With the current petrol prices skyrocketing, Toyota have pre-emptively launch a new model to capture the market upfront. According to reliable sources, this new model does not run on petrol or diesel. It is a new technological breakthrough in engine design using only biodegradable material and with very low maintenance costs.
To avoid any last minute rush or stock out, please place early booking preferably six months in advance.

Happy Rolling .................

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Thursday, August 16, 2007

Travel Agents



I have list of travel agents for comparison shopping. don't know whether all numbers are working. If you are flying to INDIA...here are the numbers..help your self....Bon Voyage!!!!!


Jolly - 800-419-4425
Mary : 562-402-2420 ( e-destinations, California)
Galaxy Travels : 972-392-0404
Anitha : 952-885-5633
Adithya / Malik : 212-760-1511
Gul : 630-351-5000
Larsen Travels : 21-631-2458
Asha : 212-889-7511
Taj travels : 650-964-3425
Parag : 213-614-7000
Nidhi : 319-366-1411
Pratibha : 858-672-7109
Future (Rani Kurien) : 212-781-8500
Edward : 310-647-3400 hemareddy 5167478798days 7734651619feature 18779038887anitha 6172548045A.K. 18006224886gull 6303515000mirage 3108399355sona 3144326654seema 3144239990himalayan 18002231813mona 3124276800
Air K Travel, Inc.
2600, West Peterson Chicago IL 60659
ARC ASTA IATA
1-773-274-3960 1-800-900-8359
http://mail.yahoo.com/config/login?/_javascript:main.compose%28%27new%27,%27t=info@airktravel.com&Subject=Reference%20from%20www.AmericaIndia.com%27%29


Air Tours
2609, W.Devon Ave Chicago IL 60659
ARC ASTA IATAN
1-773-764-4544

http://mail.yahoo.com/config/login?/_javascript:main.compose%28%27new%27,%27t=airtoursinc40@hotmail.com&Subject=Reference%20from%20www.AmericaIndia.com%27%29

All Airlines Agency
28 E Jackson Boulevard Chicago IL 60604

1-312-427-9000

Amer Travel
4326, N.Kedvale Ave, Ste H Chicago IL 60641

1-773-386-8765

Amit Travel Inc.
2735, W.Devon Ave., Suite 210 Chicago IL 60659

1-773-761-6200

Bestway Travel & Tours, Inc.
1-773-465-4949 1-800-468-4940

Blue Bird Travel & Tours, Inc.
2545, W.Peterson Ave, Suite 104 Chicago IL 60659

1-773-728-7070

Blue Sky Travel
1120, E Algonquin Rd., Suite 2K Schaumburg IL 60173
ARC ASTA IATAN
1-847-397-2035

http://mail.yahoo.com/config/login?/_javascript:main.compose%28%27new%27,%27t=blueskytravel@usa.net&Subject=Reference%20from%20www.AmericaIndia.com%27%29

Country Club Tours & Travel
3500, W.Devon Ave., Suite 201 Lincolnwood IL 60659

1-847-763-1470 1-800-828-7110

http://mail.yahoo.com/config/login?/_javascript:main.compose%28%27new%27,%27t=cclub2000@hotmail.com&Subject=Reference%20from%20www.AmericaIndia.com%27%29

Dayal Tours & Travel Inc.
1811, Four Lakes Ave, Ste 2K Lisle IL 60532

1-630-795-1748

Devon Travel
6350 North Oakley Avenue, Corner Devon Chicago IL 60659

1-773-973-0600

Diners World Travel
2600 W. Paterson Ave, #203 Chicago IL 60659

1-773-262-4300

http://mail.yahoo.com/config/login?/_javascript:main.compose%28%27new%27,%27t=sales@dwtravel.com&Subject=Reference%20from%20www.AmericaIndia.com%27%29

Discount Travel
1300, S.Main Street Lombard IL 60148

1-630-627-3000

Econo Travel Inc.
2517 W.Devon Ave, #101 Chicago IL 60659

1-773-274-7100 1-877-438-6285

Falcon Travel Inc.,
2335, W. Devon, Ste. 202 Chicago IL 60659

1-773-761-3000 1-888-383-4255

Fantasy Tours & Travel Inc.,
2536, W.Paterson Ave Chicago IL 60659

1-773-338-8000


First Chicago Travel
2545, W.Peterson Ave Chicago IL 60659

1-773-271-2744 1-877-777-2545


Fly World Travel
2545, W.Peterson Ave, #203 Chicago IL 60659
ARC IATA
1-773-728-9495 1-800-628-3222

http://mail.yahoo.com/config/login?/_javascript:main.compose%28%27new%27,%27t=jeff@flyworldtravel.com&Subject=Reference%20from%20www.AmericaIndia.com%27%29

Freeway Travel, Inc.
2452, W.Devon Ave., 2nd Floor Chicago IL 60659
ARC IATA
1-773-973-0200

K.V. Travel
8211, Ridgeway Skokie IL 60076

1-847-675-5784

http://mail.yahoo.com/config/login?/_javascript:main.compose%28%27new%27,%27t=kvtravel@yahoo.com&Subject=Reference%20from%20www.AmericaIndia.com%27%29

Krisbi Travel Inc.
1-773-561-4100

Nataraj Travel Inc.
3601, W. Devon Plaza, Suite 303 Chicago IL 60659

1-773-973-0200

Nation wide Travel Inc.
3500 W.Peterson Avenue, Suite #203 Chicago IL 60659

1-773-604-4401

Puja Travel Inc.
7900, South Cass Ave Darien IL 60561

1-630-241-4700

Shama Travel Inc.
8010 N. Gross Point Rd Morton Grove IL 60053

1-847-966-7788

http://mail.yahoo.com/config/login?/_javascript:main.compose%28%27new%27,%27t=raj@shamatravel.com&Subject=Reference%20from%20www.AmericaIndia.com%27%29

Shreeji Travel
6, St. Claire Circle Schaumburg IL 60173

1-847-517-7300

Silver Wings Travels
2721, W. Devon Ave Chicago IL 60659

1-773-465-2466

http://mail.yahoo.com/config/login?/_javascript:main.compose%28%27new%27,%27t=parekhneela@silverwingstravels.com&Subject=Reference%20from%20www.AmericaIndia.com%27%29

Sky Bird Travel & Tours Inc
104 S. Michigan Avenue, Suite 1425 Chicago IL 60603
ASTA IATAN
1-312-606-9600

http://mail.yahoo.com/config/login?/_javascript:main.compose%28%27new%27,%27t=info@skybird-travel.com&Subject=Reference%20from%20www.AmericaIndia.com%27%29

Sunnyside Travel
2100, South Indiana Ave, Suite 109 Chicago IL 60616

1-312-225-1025

http://mail.yahoo.com/config/login?/_javascript:main.compose%28%27new%27,%27t=sunnysidetravel@hotmail.com&Subject=Reference%20from%20www.AmericaIndia.com%27%29

Trade Wings Travel
6406, N.Fairfield Ave. Corner of Devon Chicago IL 60645
ARC ASTA IATAN
1-773-764-2300

http://mail.yahoo.com/config/login?/_javascript:main.compose%28%27new%27,%27t=twtincus@yahoo.com&Subject=Reference%20from%20www.AmericaIndia.com%27%29

Trans Travel
4747, N.Lincoln Ave Chicago IL 60625

1-773-271-9900


Travel King
5875, N.Lincoln Avenue, Suite 140-141 Chicago IL 60659
ARC IATA
1-773-769-0090 1-866-773-8355
Travel Zone
828, Davis Street, Suite 101 Evanston IL 60201

1-847-475-6992

Uma Travel & Tours
2535, W. Devon Ave Chicago IL 60659

1-773-338-5603

Worldwide Travel Inc.
6352, N. Claremont Ave, Corner Devon Chicago IL 60659

1-773-761-3854

Desi Help

This blog is intended for desi's in US.