Planet Money

Down and out after the final breakoff....
But I have accepted the challenge to be rich....
A Humungous target of getting the site a ranking ...
And earning $300 per month...
I need all your inputs to get it going guys....

(Former President of India APJ Abdul Kalam at Wharton India Economic forum , Philadelphia , March 22,2008 ) Question: Could you give an example, from your own experience, of how leaders should manage failure? Kalam: Let me tell you about my experience. In 1973 I became the project director of India 's satellite launchvehicle program, commonly called the SLV-3. Our goal was to put India 's 'Rohini' satellite into orbit by 1980.I was given funds and human resources -- but was told clearly that by 1980 we had to launch the satellite intospace. Thousands of people worked together in scientific and technical teams towards that goal. By 1979 -- I think the month was August -- we thought we were ready. As the project director, I went to thecontrol center for the launch. At four minutes before the satellite launch, the computer began to go through thechecklist of items that needed to be checked. One minute later, the computer program put the launch on hold;the display showed that some control components were not in order. My experts -- I had four or five of themwith me -- told me not to worry; they had done their calculations and there was enough reserve fuel.So I bypassed the computer, switched to manual mode, and launched the rocket. In the first stage,everything worked fine.. In the second stage, a problem developed. Instead of the satellite going into orbit,the whole rocket system plunged into the Bay of Bengal . It was a big failure. That day, the chairman of the Indian Space Research Organization, Prof. Satish Dhawan, had called a pressconference. The launch was at 7:00 am , and the press conference -- where journalists from around theworld were present -- was at 7:45 am at ISRO's satellite launch range in Sriharikota [in Andhra Pradesh insouthern India ]. Prof. Dhawan, the leader of the organization, conducted the press conference himself.He took responsibility for the failure -- he said that the team had worked very hard, but that it needed moretechnological support. He assured the media that in another year, the team would definitely succeed. Now,I was the project director, and it was my failure, but instead, he took responsibility for the failure as chairmanof the organization.

The next year, in July 1980, we tried again to launch the satellite -- and this time we succeeded.. The wholenation was jubilant. Again, there was a press conference. Prof. Dhawan called me aside and told me,'You conduct the press conference today.'

I learned a very important lesson that day. When failure occurred, the leader of the organization owned that failure.When success came, he gave it to his team.

The best management lesson I have learned did not come to me from reading a book; it came from that experience . . .

Google adwords has decided to add more payment options for Indians. I think this isn’t the right time to spread this news here because the announcement was made on 7th March, 2008. But however, as the blog was built 2 days ago, and was ready for the posts today, I wasn’t able to post this news earlier. But still, many people don’t know about this, so I guess I should still post this news here, so that more people can come to know about the news/announcement which was made a over a month ago.

Now, Google adwords has added more options for Indians to pay, and it’s easier and useful for Indians. I am also sure that the google adword is going to get more publishers as many of the Indians don’t have any credit cards to pay. Indians can now pay with Internet banking, Demand Draft, and Cheque. Google Adwords had tied up with TimesofIndia for the electronic payment gateaway solution. You can also find the announcement made by TimesofIndia here.

Well, according to me, It’s a great move by Google Adwords. They have did the right thing by adding more payment options, but it’s only for Indians. I guess they’ll soon add more payment option for worldwide users. Being a Indian myself, I am going to take full advantage of it. Are you going to take it too?

At the moment, they’re not supporting all the banks as they’ve just announced this news. It’ll take some time to add more banks. The worst news is that ICICI bank isn’t supported. Just wait for a while, it’ll be added pretty soon.

Angel I want the kid like this......
Be mine n Stay mine !!
Angel.... Your baby loves you a lot

Trading is very difficult, a doctor or lawyer goes to school for seven or eight years to learn his profession and then makes a little money and comes into the market expecting to win right away. Remember, trading is by far the toughest game in the world, because you’re competing against the keenest minds in the world.

"The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor."

Wachovia Corporation is the US' fourth-largest bank, reported an unexpected loss because of bad California home loans.

I am not sure where the money is going who is holding it..

The first-quarter loss of $393 million, or 20 cents a share, compared with profit of $2.3 billion, or $1.20, a year earlier.

Get what you can and keep what you have; that's the way to get rich.

If you’re given a choice between money and sex appeal, take the money. As you get older, the money will become your sex appeal.


Here is an excellent quote which I found while browsing. It will certainly give you an option to think about it. But actually that choise will never happen.

Nifty : 4761.20 114.20 (UP)

Can it get greener then this !!

Nifty was 114.20 points up and my stinking portfolio which is like 40% short now. Just managed to gain Rs 746 only.

What is this.. hein... What is this happening...

Money is what I am here for my love !!

@ 11:15 IST Timing DOW was trading @ 12697 so if it closes above 100 there will be a good opening gap !!

So watch out for money flowing in your bank a/c guys..

Good night for now !

With studies back on to furnish a new job for myself.... Would like to educate about some of the tax-free incomes for you let me be exact it should be 17...

Ahaan... I am seeing smile on your face so do read and leave comments on 17 tax-free incomes for yourself...


1. Agricultural income
2. Receipts from Hindu Undivided Family (HUF)
3. Share from a partnership firm
4. Allowance for foreign service
5. Gratuities
6. Commutation of pension
7. Leave salary of central government employees
8. Voluntary retirement or separation payment
9. Life insurance receipts
10. Payment received from provident funds
11. Certain types of interest payment
12. Scholarship and awards, etc
13. Gallantry awards, etc. -- Section 10(18)
14. Dividends on shares and units -- Section 10(34) & (35)
15. Long-term capital gains of transfer of securities -- Section 10(38)
16. Amount received by way of gift, etc -- Section 10(39)
17. Tax exemption regarding reverse mortgage scheme -- sections 2(47) and 47(x)


Further need to explanation ... just drop a comment.. Will revert to you

Shhh ,,,, Don't tell anyone that it is 17th post of mine....

Sorry readers I am always on Planet Atul

but from tomorrow I pledge I will make it hit and i will get ranking and approval for your various sites so stay hooked on guys. Start exchanging links at early stage before I start choosing for the links. I will hit it hard.... So the time is here to stay with my Planet Money.

Any ways I am pushing off for studies now.. Will be back around 7 to check you guys !!

Love you muahhh !!

Atul Punjani

Getting loan from local bank sometime takes time due to verification process they use. For instant cash you can trust to Trustsource.org, It is a well-known organization of providing valuable products such as rehabilitation of smoking, cellulite products, health products or even the payday loans. Trust sources Cash Advance and Payday Loan granted fast, no hassles and very secure. You can read so many reviews from the people who already used their services. With payday loan you can resolve your financial condition is short time manner, so you can pay your bills and buy anything with the money you get. That why payday loan really comes in and help us out of any financial difficulties. With trust source you will have user based reviews. In which you can before buying anything expensive, one always goes to websites that offer these reviews. The best part is that you make no mistakes when you buy this way. You also get to know what to expect from your product or service after a while of using it. In this site, the products are straightforward, listed clearly, and it is easy to write a review, or to read one. That is the only thing one needs from such a website. So, visit now at Trustsource.org and read reviews from so many people before choosing a service. You don’t need to stick to one that you encountered first. You have so many options. Get the products and services you want now at Trustsource.org.