Bank Auction Sale Of Properties Are Incresing In India.

The Debt Recovery Tribunals have been established by the Government of India under an Act of Parliament (Act 51 of 1993) for expeditious adjudication and recovery of debts due to banks and financial institutions and they are auctioning some properties. Subsequently With an aim to provide a structured platform to the Banking sector for managing its mounting NPA stocks and keep pace with international financial institutions, the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act 2002 was put in place to allow banks and Financial Institutions (FIs) to take possession of securities and sell them. Various Banks, State Financial corporations , and Asset Reconstruction companies are auctioning their Non performing assets, i.e housing properties, commercial properties and Industrial properties under SARFAESI act 2002.

Public Sector Banks are shifting to new system called Core Banking System (CBS), which automatically processes and updates transactions, helping identify NPAs on a daily basis, as against the current system where most transactions are managed manually, leaving scope for slippages. As a result of this the NPAs of some banks are expected to increase by as much as 150%. According to latest data from the Reserve Bank of India, the gross non-performing assets of state-run banks touched 68,597 crore at the end of December 2010, an increase of 27% from a year ago.

Ours is an Internet portal publishing all the Bank auction property listings since December 2009 and we are the only one providing such information pertaining to 32 major cities in India. We are committed to create awareness among general public about the Bank auction procedures and to generate vibrant market for Bank auction properties in India. Our services are being utilized by various Banks, i.e Union Bank of India, State Bank of Hyderabad, Andhra Bank, Punjab National Bank, State Bank of Travancore, State Bank of Mysore, Bank of India, Indian Overseas Bank, Allahabad Bank, The Shyamra Vithal co-operative Bank, Karnataka APEX Bank, etc.

In the past 15 months we have listed over 51,000 Bank Auction properties, which include Auctions and Possessions at 32 cities spread across India. Bangalore has the highest 9140 Bank auction properties, and followed by Mumbai- 5829 properties , Hyderabad 5230 properties and Kolkata 4451 properties. The trend is expected to increase in future.

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Legal for trade scale- Makes Weight Measurement Easy, Accurate and Transparent

The phrase, legal for trade scale means, a weighing scale, which is granted the legal permission to be used for commercial operation. Such a scale is used for weight measurement in a manufacturing, retail or trading facility where accuracy in the weight is of paramount importance. The National Conference on Weights and Measures (NCWM) runs a program called National Type Evaluation Program or NTEP to oversee the enforcement of guidelines laid out in handbook 44 of National Institute of Standards and Technology (NIST).

The program ensures that manufacturers, users and officials from the department of weights and measures interact and cooperate with each other, and implement the guidelines of the program so that manufacturer can manufacture and sell the legal for trade scale for commercial purpose, without compromising the quality.

A legal for trade scale ensures fairness and transparency during the commercial weighing operation because it has a -legal for trade- indent marked on it. This mark guarantees accuracy in measurement because the concerned weighing scale is manufactured and tested according to the guidelines of the program. To make the weighing process more transparent, the weighing scale, which does not have a dual display unit, is marked as -not for direct sales-. This latest addition, aims to make it compulsory for all such scales to have a dual display unit instead of a single unit. A dual display unit allows the customer to have a clear and direct view of the weight reading. Hence from now on legal for trade scales, which have a dual display unit, will be used where both end user and customer are present during the weighing operation.

Before a weighing scale is indented with the legal for trade scale mark it has to under go a series of stringent tests. The scale is subject to testing under different environments and all the results are noted. The features advertised by the manufacturer are thoroughly checked. If they conform to the program guidelines the scale is granted the status of, legal for trade scale and can be used for commercial operations. In the end a legal for trade scale makes weight measurement very easy, precise and transparent for end users and customers. You can see a range of legal for trade scales at www.paylessscales.com.

About Author :

Lawrence has been in the weighing machines industry for the last 14 years. He has been interested in the penetration of digital scales across various market segments. He has participated in the wide adoption of digital scales such as floor scales by small, medium and large businesses. His special area of interest has been maximizing the value proposition of a digital scale. You can know more at www.paylessscales.com.

California Victim of Financial Elder Abuse Says Bank Did Not Question Withdrawals

A recent victim of financial elder abuse claims that Bank of America did not question transactions when she withdrew money. The senior citizen victim was allegedly scammed out of approximately $35,000. Police are searching for a black woman in her 40’s who disappeared with the money. California financial elder abuse attorneys warn seniors to be wary when people they do not know well as them to withdraw money from their accounts.

According to authorities in this case, the suspect told the senior citizen victim that the president of Bank of America had contacted her and told her that he need the victim to pull money out of the bank. The suspect promised the victim $572,000 in return for doing so. The victim then withdrew $12,000 from a Bank of America in Redlands, California, and another $23,000 from another Bank of America branch in San Bernadino, California. California financial elder abuse attorneys warn seniors that bank officials will not ask them to withdraw money from their accounts.

Bank of America officials say that there are security efforts in place to protect senior citizen customers from financial elder abuse. Bank of America has stated that bankers and tellers receive extensive training to identify banking transactions that are out of the ordinary. Bank of America officials also stated that they follow applicable state laws which may include contacting Adult Protective Services or local law enforcement. California financial elder abuse attorneys remind the public to be vigilant regarding financial elder abuse.

In this case, the suspect befriended the stranger in a grocery store parking lot. After the money was removed from the accounts, the suspect told the victim that the bank president wanted them to put the money in the victim’s trunk and return to the other Bank of America branch to fill out paperwork. The suspect then went to use the bathroom and disappeared with the money.

Evans Law Firm, Inc. handles elder abuse, financial elder abuse, physical elder abuse, annuity fraud, consumer fraud class actions, insurance and banking fraud cases. If you think that you have witnessed or are the victim of elder abuse, or financial fraud then contact Evans Law Firm, Inc. at 415-441-8669 for a free and confidential consultation, or email us at

People Making Good Money, They Trade Bitcoins

Traders make good money doing Bitcoin trading. Recently, Bitcoin was in negative news as one of the online companies that accepted Bitcoin was selling guns and drugs to people and the FBI arrested their owner. However, that does not mean that Bitcoin is over as the FBI still considers that Bitcoin is not illegal. In its charge against Silk Road, FBI claimed that Bitcoin is not illegal and there are not charges against it.

Bitcoin which is generated at a controlled rate using a computer program is becoming a popular trading option among traders. Also, being traded around the world these days for many traders consider it a beneficial tool to make profit like Forex, you can trade Bitcoin and profit from it. Additionally, as there is no governmental interference, you do not worry if it is under the whims and fancies of the governments or rulers.

How Can You Trade Bitcoins?

You need to first contact brokerage firms as there are several brokerage firms that help you trade Bitcoin. They help you make money investing in Bitcoin as most of these brokers are known for providing highly useful trading platform; you can trade without much hassle. Additionally, they help you trade bitcoins like you trade any other asset like currency paiies and help you make money.

Why is Bitcoin a Lucrative Asset?

In the last couple of years Bitcoin has become one of the most popular trading options for traders. This year in the beginning it went higher up, and was trading close to 250USD per Bitcoin; from this fact, you can understand how much potential it has for traders. Moreover, Bitcoins are safe and secure as these are a cryptographic digital currency, there is a lot of privacy and that is what attracts traders.

Additionally, as Bitcoins are generated at a controlled rate using a computer program, even you can make them and save them in your hard disc; however, that needs a lot of expertise and skills required for Bitcoin mining. Nonetheless, the best thing for you if you do not want to do Bitcoin mining is that you can purchase Bitcoins in one of two ways i.e. you get them either through an exchange platform, or directly through other people i.e. retailers.

These are often sold by retailers or traders who wish to make money buying them at lower prices and selling them at higher prices like any other currency or share. However, you need to be cautious about all this as there are chances of cheating. Nonetheless, whoever you buy your Bitcoin from, make sure that it is saved or protected as there are a lot of cases where they have been stolen.

Tax Tips for New Ecommerce Entrepreneurs

New ecommerce entrepreneurs can find them confused and confounded by the tax and accounting requirements of their venture. And thats a shame: If someones spotted a great new category and successfully built a web presence, heck, that someone shouldnt find themselves bogged down with the accounting minutia. The entrepreneur should focus on increasing traffic, expanding margins, and growing cash profits.

With that in mind, I offer up the following tax and accounting tips:

Tip #1: Dont Incorporate

A true corporationwhether a C corporation or an S corporationsaddles your business with more complicated tax accounting and a bunch of state filing requirements. You dont want to deal with this redtapeor at least not until youre profitable.

Instead, operate your business as a sole proprietorship. If youre concerned about legal liability protection, note that you can setup a one-owner limited liability company, or LLC. A one owner LLC is treated as a sole proprietorship for income tax purposes.

Tip #2: Start Your Business Before Making Investments

Expenditures you make before youre actually in business-in other words, before youve got a business license and before youre selling or trying to sell your stuffarent very deductible.

Specifically, you can probably deduct the first $5,000 of these expenses. But any amounts in excess of the $5,000 must be amortized over the next fifteen years.

What this means is that you want to start your business before you start spending money on advertising, training, web development, accountants and lawyers and so on.

Tip #3: Automate Your Bookkeeping & Accounting

By lawand some people dont know thisyoure required to maintain an accounting system that lets you clearly measure your income. As a practical matter, this means you need to use a product like Quicken or QuickBooks.

But you ought to go one better than simply using desktop accounting software. Make sure that youre taking advantage of online banking and bill payment features which integrate your accounting system with your banking. As much as is possible, for example, you want to be able to move money from PayPal to your bank to QuickBooks simply by typing a few keys or clicking your mouse a few times.

Tip #4: Hire a Payroll Service Before Hiring Employees

Many successful ecommerce business owners can run their operations without employees. And if thats true for you, hey, congratulations. If and when you do need employees, however, dont try to handle the payroll yourself. Oursource the payroll to one of the large payroll service bureaus like ADP, Payroll, or QuickBooks.

These services are expensive. Figure $1000 to $2000 per year. But the services let you avoid the bookkeeping nightmare called payroll and prevent you from getting into payroll tax trouble.

Tip #5: Consider S Corporation Status After Youre Profitable

Ive written and talked much about how S corporations save taxpayers money and how the right way to set up an S corporation is first create a limited liability company and then ask the IRS to treat the LLC as an S corporation for tax purposes.

Jammu And Kashmir Bank Limited (j&kbank) – Financial And Strategic Swot Analysis Review

May, 5, 2014 : Company Profiles and Conferences presents a Company Report on “Jammu and Kashmir Bank Limited (J&KBANK) – Financial and Strategic SWOT Analysis Review”, which include anywhere banking, internet banking, SMS banking, ATM services, debit and credit cards, merchant acquiring, mutual funds, insurance services, and remittance services. It conducts banking business of the Central Government, and collecting central taxes for CBDT.

Summary

Jammu and Kashmir Bank Limited (J&K Bank) is a financial services provider, based in India. The company provides loans, insurance, tax products/planning, savings and deposits, cards, mutual funds, and non resident banking. It offers support services, depository services, third party services, and cash management services to its clients. The companys services include anywhere banking, internet banking, SMS banking, ATM services, debit and credit cards, merchant acquiring, mutual funds, insurance services, and remittance services. It conducts banking business of the Central Government, and collecting central taxes for CBDT. The company offers financial solutions for household, small and medium enterprises. J&K Bank is headquartered in Srinagar, Jammu & Kashmir, India.

Jammu and Kashmir Bank Limited Key Recent Developments

Jul 04, 2013: Jammu and Kashmir State Of India Inaugurates Drugi Micro Hydro Power Plant

This comprehensive SWOT profile of Jammu and Kashmir Bank Limited provides you an in-depth strategic analysis of the companys businesses and operations. The profile is bring to you a clear and an unbiased view of the companys key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.

This company report forms is the part of Profile on Demand service, covering over 50,000 of the worlds leading companies. Once purchased the highly qualified team of company analysts will comprehensively research and author a full financial and strategic analysis of Jammu and Kashmir Bank Limited including a detailed SWOT analysis, and deliver this direct to you in pdf format within two business days. (excluding weekends).

The profile contains critical company information including,

– Business description A detailed description of the companys operations and business divisions.
– Corporate strategy Analysts summarization of the companys business strategy.
– SWOT Analysis A detailed analysis of the companys strengths, weakness, opportunities and threats.
– Company history Progression of key events associated with the company.
– Major products and services A list of major products, services and brands of the company.

Click bank-merchant

What is Click bank-merchant?

Click bank merchants are vendors who are inter-faced by Click bank with their customers.
Click bank process the sales order, gets the payment approved, and handles billing, enquiries.
Click bank merchants act as an interface between the vendor, bank and the customer.
How does the process of making money work for Click bank-merchants?

The working of a click bank is very simple.

The vendor places the click blank link on the website where he sells his products.
When a customer clicks on the order link click blank allows the customer to view the price against the name or picture of the product.
On acceptance of the credit card number, transaction is completed
Click bank then sends the payment to the vendor
Click bank works on the basis of commission on each sale processed.

What resources or skills will you need?

It is very easy to access Click bank services. All you need to do is to sign up with Click bank and create a link to your web site.

How do you get them?

Click bank can be accessed with ease through major search engines.

What is the investment?

Firstly, you must sign up for a click bank account. This is mandatory to ensure that Click bank processes your bills and payments in a smooth manner. The account opening is free but when you start your sales an activation fee of $49.95 and a deduction of $1 + 7.5% from every sale processed are charged.

Who is the competition?

Clicktosell and Paydotcom are competitors to Click bank. They have taken over merchants from Click bank and created a better version of the product to bypass the issues faced by clients of Click bank.
Click bank holds the market monopoly but Clicktosell and Paydotcom are also popular service providers to e-traders.
Clicktosell offer many added features including the ability to sell downloadable materials and subscription products using pay to sites like Paypal, Authorize, World pay and Gcheckout
Alteration to the accounts are done free of cost
Save almost 90% on commission
Supports all currency
Merchants are rated according to how they pay their commission

Level of difficulty, Easy, Medium, Difficult – Why?

Making money through Click bank is relatively easy. Click bank holds the market monopoly and is easy to access and create a link on your site.

How much money can you expect to make and how fast?

With practically no initial investment, Click bank offers a cost effective way of making money quickly.
This option reduces the stress of maintaining billing, payment and refunds on returns.
Merchants can cut down on human resources otherwise required to monitor payments and bills.
The time saved is effectively used in creating new products to earn more profits
The money saved cannot be seen physically but employing Click bank cuts down on a number of over head costs.

Small Cap Stock, Obee’s Franchise Systems Inc., Featured In Audio Interview At Smallcapvoice

To listen to the audio interview featuring small cap company Obee’s Franchise Systems, Inc. (OTC Pink Sheets: OBFM) with interviewee Peter Brown please go to our website, listed in the resource box.

Obee’s Soups Salads & Subs is owned by Obee’s Franchise Systems Inc., Obee’s currently has over 50 restaurants open and in development across 21 states. The company has commitments to open over 1,000 additional locations over the next ten years. The chain has won numerous local and regional awards for its food menu and service.

Obee’s Franchise Systems, Inc., (OTC Pink Sheets: CYPW) is an OTC Pink Sheets listed small cap stock company, who recently announced that the first restaurant in Port St. Lucie, Florida has been sold by the company’s Area Developer for St. Lucie county. The obee’s(R) soups, salads & subs, located 10075 S. Federal Highway in the Port St. Lucie Town Center has recently been sold by Bruce Campbell to Mr. and Mrs. Ronaldo Silva. The transaction now clears the way for Obee’s Franchise Systems, Inc. and Mr. Campbell to begin selling new franchises in the territory.

‘Bruce made a very prudent decision when he first agreed to be an area developer for our company,’ explained Peter Brown OBFM President. ‘He decided that instead of immediately selling franchises of a restaurant brand that at the time was unknown in this area, he would instead operate the first location himself and thus become an expert. He has done just that and now we’re ready to assist him in every way possible.’

About Small Cap Voice

Small Cap Voice offers small cap & OTC investor relations services, dedicated to ensuring its client companies gain valuable exposure in the small cap and OTC markets. Through internet interviews, conference calls, emails, investment newsletters, small cap & OTC company news and placement on financial web sites Small Cap Voice creates a consistent presence in the public eye for their clients.

VoIP 5 Tips to Improve a Small Business

Voice over Internet Protocol (VoIP) is a method of electronic communication that is rapidly increasing in popularity. Used to make phone calls, VoIP technology uses a computer’s internet connection, rather than a cellular wireless or traditional wired telephone line. This technology is used not only by personal consumers, but also by businesses small and large. Here are 5 tips for using VoIP to improve a small business:

1. Use One Company for Internet and Phone – Any modern small business has a website and is likely already paying an internet service provider (ISP) for access to the internet. Rather than negotiating prices and dealing with customer service for two services, a company can save time, effort, and money by using their internet connection as their phone service provider as well.

2. Save Money on Long-Distance and International Calls – Unlike traditional telephone companies, VoIP services work regardless of the distance of the call, so pricing is not dependent on the number of local, long-distance, or international calls. This means that international calls, which can be especially expensive, can be handled without incurring additional costs. For small businesses that do business internationally or have business partners overseas, this can mean an enormous cost savings.

3. Better Voice Quality – Because of the nature of the medium and the wires that transmit the signals, VoIP services can provide cleaner, better-sounding phone calls than traditional phone companies. While it might not seem like a big change, having crisper more professional phone calls can be the edge a small business needs to win over customers or seal a big deal. Dropped calls or poor-quality calls, on the other hand, can devastate a company’s business.

4. Simplify Things for the Technical Staff – For small businesses, the internal technical staff is usually stretched thin at all times, and should be outsourced when possible. Keeping a business up and running smoothly 24/7 is no small task. Consolidating one’s internet and phone systems can provide a significant advantage, in terms of time and sheer number of technologies to monitor, to a company’s technical support and services team. For small businesses that don’t even have a dedicated technical staff, having a single number to call for technical support, rather than multiple numbers, can simplify things considerably. Prompt service and skilled technicians are key.

5. Additional Features Included At No Extra Cost – For starters, useful calling features like conference calls, call forwarding, and caller ID are all included for free. Additional features like video calls and video conferencing are also easy to add to VoIP services.

Roger Hamilton An Entrepreneur of Entrepreneurship

We always have a common bewilderment towards the successful entrepreneurs, -What are the ingredients that create their success?- Each one of them will have their own notions, but there are few customary things such as hard work, endurance, patience, and so on. But in recent years there is one more addition to this that is common among entrepreneur’s list. It is a name called Roger Hamilton, for he shows you the right path to apply these values and motivates to succeed.

The prime step towards success is to find out where you can succeed. And for that you need to find out where your interests lie. This is the first thing, but yet the hardest thing. There are people who would have been an eminently successful person instead they are mere failures. This is just because they did not know their right course and this still would be a mystery to them. But this is not going to happen again as now we are blessed with the right tool to unravel our interests.-The Wealth Dynamics system- created by Roger Hamilton.

Wealth Dynamics system is a tool which conducts psychometric tests to find out the right path to create wealth. Though there is a pool of such tests available now none of them could match with the wealth dynamic system as it is has been designed by the master and is accurate. People who take up this test feel indebted to our genius because it gives vision with absolute clarity to set your goal. The unique aspect of our master is he just not gives you an idea, but he also helps you to devise a plan to implement it.

The glory of the Wealth Dynamic System instantly spread across the whole world and so did the creator’s name. Today he has been crowned as a wizard and is a renowned speaker in wealth dynamics creation all over the world. He is also a co-founder of the world’s largest social network of entrepreneurs -The XL Group-. He often conducts workshops in order to shape the minds of the individuals and has been extremely successful in it. Not only the people who attended his work shop, but even the ones who got a chance to listen and read his thoughts have scaled great heights. Later they’ve revealed that their time with Roger Hamilton was the decisive moment of their life.

For more information regarding Roger Hamilton, please visit www.roger-hamilton.net