Let’s Fight for New Earth – A Better Earth #HappyEnvironmentsDay


World Environment Day – was first established by the UN Assembly on 1972 and it was started celebrating from 1973.
But are we really celebrating the nature and our environment ?
Every March we celebrate Earth hour and we have many reasons to forget that 60mins .Think here !!

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Do you know Nearly 4 billion trees worldwide are cut down each year for paper or 35 percent of the total trees cut around the world are used in paper industries. when will we starting changing for better environment ? this is high time for that ..!!

Are we doing enough to come out of water scarcity we are facing ?
Do you agree Water scarcity occurs even in areas where there is plenty of rainfall or freshwater. ?

LISTEN : Water scarcity affects one in three people on every continent of the globe. The situation is getting worse as needs for water rise along with population growth, urbanization and increases in household and industrial uses.

Almost one fifth of the world’s population (about 1.2 billion people) live in areas where the water is physically scarce.

One quarter of the global population also live in developing countries that face water shortages due to a lack of infrastructure to fetch water from rivers and aquifers. Water scarcity forces people to rely on unsafe sources of drinking water. It also means they cannot bathe or clean their clothes or homes properly.
Poor water quality can increase the risk of such diarrhoeal diseases as cholera, typhoid fever and dysentery, and other water-borne infections. Water scarcity can lead to diseases such as trachoma (an eye infection that can lead to blindness), plague and typhus.
Water scarcity encourages people to store water in their homes. This can increase the risk of household water contamination and provide breeding grounds for mosquitoes – which are carriers of dengue fever, malaria and other diseases. Water scarcity underscores the need for better water management. Good water management also reduces breeding sites for such insects as mosquitoes that can transmit diseases and prevents the spread of water-borne infections such as schistosomiasis, a severe illness.

A lack of water has driven up the use of waste water for agricultural production in poor urban and rural communities. More than 10% of people worldwide consume foods irrigated by waste water that can contain chemicals or disease-causing organisms.

Water is an essential resource to sustain life. As governments and community organizations make it a priority to deliver adequate supplies of quality water to people, individuals can help by learning how to conserve and protect the resource in their daily lives.

So Save Water , Save each Drop – it’s Precious than Diamond…!!

Avoid Plastics :

Every year some 45,000 tons of plastic waste are dumped into the world’s oceans. One of the results of this is that up to one million seabirds and one hundred thousand marine mammals are killed each year by plastic trash such as fishing gear, six-pack yokes, sandwich bags, and styrofoam cups.
* North Americans throw away 2.5 million plastic bottles every hour.

Paper cups consume trees, water, and chemicals, and dump them into streams and landfills- they are not re-cyclable. Paper cups are often wax-coated which reduces their bio-degradeability futher. Paper products make up over 40 percent by weight , slightly higher by volume – of this country’s municipal solid waste, by far the largest contributor. Paper Recycling and its role in Solid Waste Management.

Now let’s ask ourselves, are you doing enough to preserve our environment ?

This is not the time to THINK , it’s the time to ACT.

Let’s treat every hour as our earth hour.

Take a pledge to yourself that you will ,


* Save Water
* Reduce paper usage
* Plant more trees.

Will you join this campaign ?

Go Green to make our Earth Smile.

Happy Environments Day

With Inputs – Murali Iyengar

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There is Nobody to Blame for Anything


Let’s start by stating a bold claim that you’ve probably never heard before. Upon first hearing this claim, you’ll most likely think it to be ridiculous and absurd, but by the end of this article, you’ll see the utterly obvious truth of it, and you’ll never look at the world the same way again. Are you ready for it? Here it is…

 There is no cause of anything.

 That’s right. Nothing “causes” anything else to happen… ever. Now let me explain why.

 As an example, let’s say that a man needs milk, and he walks several blocks to the corner store to buy it. After purchasing the milk he begins his walk home, but while crossing the street there’s a drunk driver that doesn’t notice the stop sign at the intersection where the man is crossing. At the very last second the drunk driver slams on his breaks, but it’s too late, and he hits the man crossing the street.

 Now, with our current mindset, the vast majority of people would automatically say that the drunk driver “caused” this to happen. Or did he?

 If we just take a step back in the way we perceive things, we could just as easily say that the man was hit by that drunk driver because cars were invented. Or because the wheel was invented. Or because of the development of technology. Or because somebody figured out how to make pavement for driving on.

 Maybe the man was hit because of his neediness for milk. Or because his wife sent him to the store. Or because of his wife’s enjoyment of breakfast cereal. Maybe it’s because people drink milk. Or perhaps it happened because cows exist.

 Maybe it happened because the man chose to live in the exact location that he does. Or maybe it was because that was the only house on the market that he could afford, and he could only afford that house because of the job he has, and he has that job because he dropped out of high school.

 Maybe he was hit by the drunk driver because of the precise speed in which the man walks, and the exact time he got there. Or because he had to stop to re-tie his shoe lace that had come undone. Or because he didn’t tie them properly when he first left his house. Or because he chose to wear that specific pair of shoes to walk to the store. Or because he chose to buy those exact shoes. Or because he could only afford those shoes.

 Maybe it’s because the city chose to install a stop sign instead of traffic lights. Or because stop signs aren’t twice as big. Or because they’re not fluorescent yellow.

 What if the whole incident happened because the man decided to walk to the store instead of driving? Or what if it was because the store was built at that location? Or because the owner of the store decided that was a good place to set up shop?

 Perhaps it was because the drunk driver was born. Or because the man buying milk was born. Or because either of the men’s parents had sex. Or because his parent’s parents had sex. Or because any of these people ever met each other in the first place.

 What if it was because the human species evolved in the manner that it did? Or because life came to be on the planet? Or maybe it was because of the “big bang” (if that’s how it happened). Maybe it’s because the physical universe exists.

 It might have been because of the location of the bar that the drunk driver was drinking at. Or because the drunk driver had to be home at a certain time. Or because the drunk driver had to work in the morning. Or because his taste buds like the taste of alcohol. Or because he’s not able to overcome his addiction despite all of his efforts. Or because nobody has taken him to an AA meeting.

 The drunk driver may certainly be irresponsible, and maybe he lacks proper judgment, but that certainly isn’t “the cause”. It’s only one tiny minute reason out of a literally infinite and unending number of factors within all of existence. There is no end to the amount of circumstances that come into play, and not a single one of them is the cause of anything else.

 So let us repeat the lesson learned… There is no cause of anything… ever. There are only automatic effects and consequences. Everything is happening of its own, as a spontaneous result.

 Most importantly of all, if there is no cause of anything, there is nothing and nobody to blame for anything, and if there is nothing to blame, then there is absolutely nothing to be angry about. Everything just is what it is, and we have no choice but to accept it. No matter what’s happing in the universe, it’s perfect, and it can’t possibly be anything but. This understanding literally forces us to fully accept absolutely everything as it is. There is nothing to complain about and we have no choice but to forgive everybody for everything they have ever done, no matter what that might have been.

 What a person does, and chooses, is determined by what a person is, and what they are is determined by what they are aware of. Everybody is exactly what they are currently aware of, and what they are currently aware of is based upon an infinite number of factors.

 We might all be learning from “mistakes”, but at least we can all be at peace (of mind) with each other as life unfolds. The whole concept of causation is an entirely false ingrained perception that is in everybody’s best interest to let go of. If everybody had this understanding, we would have total world peace because nobody would be acting out of anger, blame, resentment, hate, or fear. Everybody would fully accept, forgive, respect, and love all of life for what it is. And we would no longer need lawyers.

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Best International Credit Cards For Travelling Abroad


Carrying cash wherever you go is not safe always; thus, travel credit cards are one of the best options to keep your money safe while you are traveling around the world. If you constantly carry cash with you then it will be a big hassle while exchanging currencies in each country.

However, if you have a credit card that is accepted internationally then you will always have the right currency in your hand. Many credit cards that are internationally accepted providing various offers but you need to choose the one that suits you best.

 

Let’s have a look at the credit cards that can help you spend more when you are abroad:

  
1. ABN AMRO credit card

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ABN AMRO bank offers variety of credit cards, and ABN AMRO smart gold credit card is considered to be one of the best international credit cards.

One who is frequent travels can use this ABN Amro Smart Gold Card. The travel card offers benefits and privileges for the same. This card will help you to earn smart reward points which later you can convert in to smart miles like you earn 2 points for every 100 spent. Thus you can enjoy plenty of such exciting and money saving benefits with your ABN AMRO Smart Gold Credit card.

 

2. American Express Gold Card

 

 

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American Express Gold Card, which is also known as AMEX card, has an interest free credit period of up to 48 days. This means if you have planned your holiday abroad then you can enjoy them without any stress, as the card has no credit limit; so, spend as you like! It considers different variables like spending patterns, payment behavior and then adjusts your spending levels accordingly, increasing your spending power. The best part is there is no joining fees and it also gives you a purchase protection cover of 50,000.

3. ICICI Bank Solid Credit Card

ICICI Bank Solid Credit Card has over 22 million merchant establishments internationally. It is a card with high credit cash limits and has one of the most powerful catalog-based rewards program. This card gives you up to 10 percent discount on international and domestic basic fares but the bookings need to be done through websites like makemytrip.com or travel smart. You can also get reward points using this card, for example, if you spend 200 you get 10 reward points and later you can redeem these points against exciting options. Interest rate on the purchases is around 3.15 percent per month and in addition, it gives a purchase power of 40,000.

 

 

4. CITIBANK World Money Card

 

 

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Now you can load your foreign exchange on India’s first prepaid foreign currency denominated travel card, which is none other than CITIBANK World Money Card. It provides with the facility of shopping at millions of Visa merchant outlets, withdraw cash from Visa ATM’s or to even transact online. Convenience and acceptance of a credit or debit card is what this Forex prepaid will provide you along with unmatched safety features to keep you protected while you enjoy your trip abroad. You can overcome the risk of exchange rate fluctuations as during the date of loading cash in your card even the exchange rates get locked in. You are free to load your card with any of the currencies like the U.S. Dollars, Pounds, Singapore Dollars and Euros.

 

5. Axis Bank Easy Gold Credit Card

 

 

Axis Bank Easy Gold Credit Card is truly designed for shoppers who are looking for an inexpensive deal. This card has one of the lowest interest rate of 1.95 percent per month on offer. There are no reward points available on fuel purchases but the card offers fuel purchase benefits like fuel surcharge waiver of 2.5 percent. The insurance cover with the card offers personal accident cover along with credit shield. The card also provides coverage for lost card liability of up to 1 lakh and it has zero replacement card charges.

 

6. Union Bank of India Gold Card

 

 

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Union Bank of India Gold Card is considered to be an entry level shopping card. The features and benefits of this card are the same when compared to other entry level cards; but only few people can own this card as the eligibility of owning this card is 5 lakh and above per annum. The card offers shopping and dining benefits like eating out, holidaying, fuelling up your vehicle and travel privileges like air and rail reservations. In addition, it also consists of free accidental insurance cover that no other entry level card possesses.

 

7. Syndicate Bank Global Classic Credit Card

 

 

Unmatched features and very attractive offers make Syndicate Bank Global Credit Card a unique product in its class. This card offers you with the cash Withdrawal facility where you can withdraw cash with your Syndicate Bank Global Credit Card at all ATMs of Syndicate Bank over 28,000 in India & over 12 Lakh across the globe. You get one reward point on every purchase worth 200 also you will be provided with a free credit period that would vary from 20 to 50 days.

 

If you lose your card by any chance while traveling then you will be liable for getting 1000 as the lost charge.

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5 Social Media Trends To Be Followed By An Entrepreneur


As the social media’s growth is rapid these days it is important for an entrepreneur to be updated in all the trends catching up to reach people better. So here are some media trends which are to be in the minds of an entrepreneur to excel better.

#1.Diversify

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When it comes to setting up a new business, social networking sites are to be considered. But the question is how many? The answer would be most of them, as reaching out it to people is very essential. Even though socializing is very necessary here, managing a lot of them would be a difficult task. So depending on resources and time, it is better to have as many as social networking sites as you can to establish yourself.

The most important point, do not stick on to one site as you can never predict when the sites will go off air. If the site shuts down, you will lose all your connections and work. So make it a point to keep your connections active on other sites too.

#2.Visual content

Visual content plays a very important role in social media business these days. About 63 percent of the social media websites use visual content to convey their ideas to people.  Video content on the social media platforms through apps like Vine and Instagram featuring microvideos, and info graphics delivering messages in an innovative way have widely caught eyes of people. 

#3.Social media, SEO, Content Creation

For an entrepreneur it is very important to think that all the three social media, SEO and content creation are the wheels of online marketing. These three factors relate to increase in the visual response, building your brand, gather customers and increase sales.

#4.Social media as a brand builder

Building your brand through social media impacts on the SEO and helps increase sales. Focusing on building your brand should be the key.

All these years of evolutions in social media have clearly taught us one thing, the entrepreneur with an engaged approach and flexibility will get huge returns on the investment. Learning the latest trends in social media marketing, targeting your goals and willing to experiment the tactics will help you grow and make changes as your business develops.

#5. Google+

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Google+ is the social media site in which every entrepreneur should have his focus on. Surprisingly, Facebook and Twitter have no influence on the SEO rankings and Google+ is the best way to access the Google authority which will play a major role in the SEO by the end of the year.

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The Bright Facts on Solar Power


Solar Aviation 

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It is possible to fly a plane with solar power. The first fully solar powered flight dates back to 1974 with an unmanned aircraft called Astro Flight Sunrise. One of the main issues with solar powered flight is the weight involved. Batteries and solar panels are not light!

Solar Power Causes No Pollution 

In case you didn’t know, solar power is non-polluting! There are no poisonous emissions involved when using solar power like there are with fossil fuels.

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Noise Free 

One of the best facts about solar energy is that it is noiseless. Solar panels do not make any noise when they are absorbing the sun’s rays!

 

Predicted By Da Vinci 

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Da Vinci was not only an artist, but also a scientist and an extremely intelligent man. He predicted the use of the sun for power way back in 1447. He was a true visionary.

 

Federal Solar Tax Credit

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The Federal Solar Tax Credit is offered in all 50 states in the U.S. This credit allows you to receive 30% off the installation by tax claim.

Cell Phones 

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Cell phones and other small electronics can now be charged using solar power. You can find them all over the internet, but be sure to check their ratings and costs.

San Francisco’s Solar Power 

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San Francisco, California has enough sunshine year-round to supply electricity to all its schools and government buildings. All they need to do is put solar panels on their roof tops!

John Herschel 

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Scientist John Herschel used solar energy to cook his food on an expedition in Africa in the 1830s. The device he used was called a “hot box,” which was invented in 1767 by scientist Horace de Saussure. Solar power has come a long way over the past 200 years.

On a side note, John Herschel’s father discovered the planet Uranus! His name was Sir William Herschel.

On the Market in 1956 

1956 marks the first year that solar energy panels were put on the market. The cost of a single watt solar panel was $300. By 1958, space programs were using solar power, too!

Primary Life Source 

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Even though we humans think we are embarking on some new found way to harness energy, solar power in itself is the life force for all living things since the beginning of time. Without the sun, there would be no life on earth.

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10 Unethical Businesses Nobody Cares In India


India, a country that exudes diversity in every aspect of its social or cultural life, is a land of wonder for many. People come from all over the world to witness its charm and rich history. However, behind all these glam and glory lies an image that is ruthless and downright illegal. Although most of us are aware of the illegal practices being carried around us, we don’t have time to dwell in the negatives and hence efficiently adjusts to it.

Cleaning of Ears

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For many, this may seem way beyond their imagination of ‘weird’ job. But in some places of India, it is a common sight to view a person cleaning customer’s ears with ‘special’ equipments. These equipments are special because although it efficiently cleans one’s ears, these are dangerous and can cause hearing disability if not handled properly. It is an illegal business as per the government norm but is carried out openly in villages and small towns of the country.   

Dentists on the Streets

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At some point or other, everyone goes to the dentist for a dental surgery, filling job or just to get rid of the unbearable tooth-ache. However, to get the tooth fixed, one requires spending minimum thousand bucks. But what about those who couldn’t afford such an expensive treatment? Well, they are rescued by the street dentists who are now present in every corner of India in spite of the Government declaring it to be an illegal business. They hardly carry any license or certificate for that case and can’t be held responsible for the after-effects of a wrong treatment.

Food Adulteration

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This is probably the most common and unfortunately accepted illegal business in India. Although it’s a known fact that our grocer is mixing unwanted things or adulterant to the food stuffs on his shop, we not only buy them but never question as well.
There are number of Food and Drug Administration that regulates laws on food safety and while they are strictly followed by people in foreign countries, the scenario is different in India. The illegal practice is more prevalent in small towns and places where people are ignorant. Every year, more than thousands of people in the country get ill or lose their life because of food adulteration.

Duplicate Goods

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The increasing population and the growing inequality among the people in India can be said to be one of the reasons behind the growing illegal business of duplicate goods. A common sight in India is that an item that is sold at 1000 in a mall is available as a duplicate product and at a rate twice less than that of the former. This market is flourishing as more than half of the population in India falls under middle class and couldn’t afford expensive goods.

Sex Determination And Female Feticide

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Gone are the days when people used to differentiate between a girl child and a boy child. Every child brings along some specialty and is precious to their parents. While one part of India paints a picture of an open-minded and forward thinking country, the other part is gloomy and still very backward. There a nooks and corners in most of the states in India where female child is unwanted and killed while in mother’s womb. The law imposes strict punishment on those who are caught practicing the illegal act of sex determination and abortion of female child. Unfortunately, female fetus still killed or left behind after birth to be an orphan.

Prostitution

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While in some countries like Germany and Gambia, prostitution is legal, in most part of the world it is regarded as an illegal act. All these countries, where the trade is illegal, are suffering from growing red light areas. According to a study by Axel Dreher of University of Heidelberg, countries that legalize the trade are encouraging human trafficking. India as well is a victim of this dreadful illegal business and growing diseases like HIV/AIDS.

Movies CD/DVDs Piracy Market

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It is funny to note that while using a pirated CD/DVD, most of us don’t even realize that it is an illegal act. We are so used to the easy availability of the pirated products that we don’t want to take the hassle of waiting for the genuine CDs and DVDs to arrive the market. There is a major market in India that deals in pirated products and escapes any legal action although it is illegal as per Government norms.

Begging

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Giving money to beggars is considered as a generous act by most of us. We pity them and wonder what might have happened to them to have such a miserable life. However, the real picture is beyond one’s imagination. Begging is actually a booming business for human traffickers and the beggars are part of their play to extract money from passerby. Begging is downright illegal but people hardly know about the reality and are always eager to please God by helping the ‘needy’. 

Desi Daru

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Alcohol consumption could be injurious to health and family as well. But every city in the country now has one alcohol shop probably after every 2 kilometer. But the growing concern of the country is the increasing trade of local-made alcoholic drink or Desi Daru as it is popularly called. This falls under illegal business since many people were reported ill or dead due to the consumption of Desi Daru. Despite being called as illegal, shops selling desi daru are opening almost every fortnight. 

Child Labor

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The most dangerous of all illegal businesses is that of child labor. According to Fundamental Rights and the Directive Principles of State Policy in India, it is a punishable act to make children less than 14 years work in factory or mine. But the problem lies in the ignorance of people about this law and continuous harassment of child in different ways.

The Bather in Germany


Hamburg’s Inner Alster Lake has a new inhabitant – and this is not your standard duck or fish. A giant woman sculpture called “Die Badende” (“The Bather”) will grace the lake – making Inner Alster essentially the world’s biggest bathtub. She rises 13 feet out of the water and appears in a comfortable state of repose, with her knees up, proving quite an obstacle for boaters in the Inner Alster.

In fact, many have been renting paddle boats just to get a closer glimpse.

RedBus Witnessing Massive Senior Management Exit


redBus.in, an online bus ticketing portal which was taken over for 800 crore by Naspers  in June this year, is presently witnessing various senior management level exits. According to sources, it is found that many more are planning to leave the job.

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Sources also mentioned that the reason behind this exodus was largely due to issues relating to how the employee stock options (ESOPs) were not executed as per the employees. The ESOPs are benefitted by the founding team and some select employees only while the rest of employees were left out, reports medianama.com.
Actually, redBus selected the company securities decision, through which the acquirer offers preferred common stock in its company based on the ESOP structure of the acquired, instead of choosing accelerated vesting choice that converts stock options to shares and employees. Recently at a conference, Sama had interestingly spoke about the trickiness involved in  judging whether startups should provide stocks to every employee or restrict the stock options to only some selected employees and how much stock should they provide to employees, as they have a limited amount of available stocks. He said, “We formulated a program to restrict the stock options to only senior management and early employees. However, if we had known we are going to exit after seven years at this price, then we would’ve done this differently and would’ve provided stocks to more number of people, but that’s always uncertain. Another problem is that the company’s life is uncertain. It could be 20 years or 40 years or 7 years, during which the company management could change several times and you will have to accommodate all of them,” reports medianama.com.

So far, redBus founder and CEO Phanindra Sama have not commented to the publication yet.

Ten Countries with Cheapest Petrol Prices


With the advent of technology, life has become so much easier for all of us. Not long ago people used to wait for days to receive message from near and dear ones. But now, the time taken to travel from one place to another is less than time required to send a letter via post. However, with the ease of transport came the blow of rising fuel cost. The cost of fuel is the most unstable thing across the world and it depends on crude oil price, oil company cost, taxes and, exchange rate, reports Rediff.com.

Because of the presence of considerable oil reserves in home-grounds, few countries are fortunate enough to get this motor spirit at affordable prices. Read on to know the countries where petrol is cheapest in the world.

1. Venezuela

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Price per litre: 6.49 ($0.12)

It is a place where the price of most of the objects goes up other than petrol. The price of petrol has always been cheap and now it has become almost free. In Venezuela, following the official exchange rate, the premium gasoline comes at around 5.8 U.S. cents. The price of petrol has been kept constant for almost 14 years under the rule of late President, Hugo Chavez, even though the tropical capital has hit big time inflation.
Monthly income expenditure on petrol:  2.73 percent.

2. Egypt

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Price per litre: 7.30 ($0.14)

The Egyptian government is planning to cut down the fuel subsidies as a measure to control its budget deficit. The size of fuel subsidies is expected to reach 120 billion Egyptian dollars in the current fiscal. The subsidies have hit the economy hard and lead to blackouts and fuel shortages in Cairo. The next few months are expected to witness reforms like fuel-rationing card in an attempt to curb smuggling of fuel.

Monthly income expenditure on petrol: 4.39 percent

3. Saudi Arabia

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Price per litre: 8.12 ($0.15)

Saudi Arabia holds one-fifth of world’s total oil reserves and the crude from this country still influences fuel prices across the global. It is the second home to cheapest petrol in the Middle East after Egypt. The country, however, is working on methods to use wind, solar and nuclear power to produce energy and bring down the use of crude and natural gas to generate electricity.

Monthly income expenditure on petrol: 0.98 percent.

4. Qatar

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Price per litre: 9.74 ($0.18)

Prior to discovery of oil, the economy of Qatar ran on fishing and pearl hunting. In 1940, after the discovery of oil reserves, the economy of the country improved significantly. Because of the absence of income tax, Qatar is rated as one of the countries with lowest tax rates in the world. The economy is highly dependent on petroleum and natural gas and as of 2012, it has the highest GDP per capita in the world.

Monthly income expenditure on petrol: 0.40 percent

5. Bahrain

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Price per litre: 12.50 ($0.23)

Bahrain is situated near the western shores of the Persian Gulf. The country has been recognized as the fastest growing economy in the Arab world and is highly dependent on demand for oil. 60 percent of the country’s export, comes from petroleum production and processing. It also accounts for 70 percent of government revenues and 11 percent of its GDP.

Monthly income expenditure on petrol: 1.81 percent.

6. Libya

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Price per litre: 12.50 ($0.23)

Libya has the largest oil reserves in entire Africa and its economy primarily benefits from oil sector which accounts for 97 percent of export and 80 percent of GDP. It is also a major contributor of light to the global supply. Because of its small population and handsome revenues from energy sector, Libya is one of the countries with highest per capita GDPs in Africa.

Monthly income expenditure on petrol: 3.32 percent.

7. Turkmenistan

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Price per litre: Rs 14.31 ($0.26)

Turkmenistan has the fourth largest oil reserves in the world. It has an oil reserve of about 700 million tons. The extraction of oil started in 1909 in Cheleken and it took a leap with the discovery of oil fields in Kumdag and Koturdepe. Most of its oil is refined in Turkmenbashy and Seidi refinaries. It exports oil to Europe through Caspian Sea via canals.

Monthly income expenditure on petrol: 17.79 percent.

8. Kuwait

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Price per litre: 14.31 ($0.26)

With a GDP of $167.9 billion and per capita income of $81,800, Kuwait stands as the 5th richest country in the world. The major export products are petroleum and petrochemical products and the country earns about $94.47 billion on exports. The government of Kuwait is trying to make the country a regional trading and tourism hub and less dependent on oil for its growing economy.

Monthly income expenditure on petrol:1.2 percent.

9. Algeria

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Price per litre: 14.31 ($0.26)

Algeria is the 10th country in the world with the largest natural gas reserve of 160 trillion cubic feet of natural gas resources. It ranks 14th in petroleum reserves and about 60 percent of its budget revenues comes from petroleum. The hydrocarbon is also responsible for about 30 percent of its GDP and 95 percent of export earnings.

Monthly income expenditure on petrol: 11.85 percent

10. Iran

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Price per litre: 17.93 ($0.33)

The economy of the country is dependent on state ownership of oil, village agriculture, small scale private trading and, service venture. The GDP was about $482.4 billion in 2011, while in 2006 about 45 percent of the government’s budget came from oil and natural gas reserves. The European Union restriction on Iranian crude has led to a steep fall in the value of rial.

Monthly income expenditure on petrol: 6.53 percent.

No Car Loans If You Earn Below 6 Lakh A Year


The State Bank of India (SBI) has now squeezed the eligibility criteria for its car loans and also has decided to extend finance only to those individuals who are earning more than 6 lakhs per annum, reports Nandini Sengupta and Mayur Shetty from TNN.

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According to the bank officials, the reason behind such a move is the increased inflation. “Given the cost of petrol, maintenance, insurance and other costs, we feel that family income of 50,000 is required for someone planning to buy a car,” states a bank official.

Making strict eligibility norms when there is slowdown in economy is the regular operations conducted by banks. Bankers said “In good times, banks factor in some increase in salary for young people. But during a slowdown when jobs are not growing, salary hikes are also not certain.”

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The Bank is discouraging vehicle loans above 1 crore due to the increase in default rates on the purchase of high end cars. However, the loan limit would not be more than four times of the individual’s annual income, subjected to a maximum of 6 lakh per annum.

Apparently, SBI is the only bank that provides cheapest car loans in the country. As of now, the bank provides car loan at the interest rate of 10.45 percent. As a result, the bank does not levy any pre-payment charges for auto loans.