Money transfer as next killer application

You surely must have read about even seen data transfer from one mobile to another using bluetooth or infrared but this time technology is showing somethng new.

Umm!! What about tranfering money from one mobile in US to another in India and getting it encashed at nearest certified outlet. ???

Believe me that is possible now.
This is expected to be next killer application for telcos and surely going to give Money transfer banks sleepless nights.Currently, services like Western Union charges $24 for tranfering $100 thats roughly 1/4th the amount,but using mobile transfer service like Vodafone's MPESA, it will be merely $8 and that is big difference.
M-PESA is a pilot project run by Vodafone. On similar lines, Bharti, cellular operator in India too have launched M-Wallet services and now mChek
As per figures, roughly $260 bn is transferred from migrant workers back home globally.

Data services surely is lucrative for increasing ARPU but this money transfer business will definately smell more cheese to operators soon.

Formula1 2007 season began today

It was all new machines with teams...changed colors and sponsorship.

Melbourne grand prix:Pole position- Raikkonen.. No doubt since its a combo of machine + driver
Followed by McLaren's Alonso and Hamilton.... Alonso truly is an expert driver who could thrust McLaren engine... Merc has best tech in terms of V6 engines, but team Mc needs to work little more to get Alonso on pole position in coming sessions
Most interesting event was 360 degree turn which Renault's driver performed ;) and he managed to zoom back too ...funny indeed
Vodafone replced by ING as main sponsors and Bridgestone boards by V-Power.Also was seen Kingsisher on Toyota car.
I wonder how is ING taking its sponsorship for F1.!!!I am not able to corelate a bank trying to map with a segment which signifies speed.
Maybe you can help me a bit on this!!

Chinese govt all set to check population

Yesterday on BBC ( http://www.bbcworld.com I watched this documentary on how China is keeping check on its growing population and at the same time taking care of citizens.
The documentary covered one aspect featuring incentives given by chinese govt to people who have girl child. In China, it is law to have only one child. People who go for second child are not given any incentives. On other hand, people who get girl as their first child are allowed to go in for second child. The reason being most of China is base on agricilutre and rural areas, where parents support in their old age from their son.Govt funds education of girl chidl till she grows up to look after her parents.
The second aspect showed how young people are moving towards big cities like Beijing to work and earn more money.They covered one family whose boy has moved to Beijing to work as labour and earn $4 a day from which he saves money and send it back to its family in village.

With Olympics due in 2008, China is moving fast with its infrastructure and development.
China surely catching up fast with global economy... India any lessonss??

Stock Market turbulence across globe

27th Feb saw turbulence across stock markets globally.
With Chinese market witnessing selling, and a drop of 8% the effect was reflected across asian markets including Japan, Thailand, India, Singapore moving further to Dow Jones.
Dow Jones dropped by percentage which is lowest after 9/11. However, the stocks seems to be moving up positive now
As about Indian market, Sensex need to build more fundamental growth than just money inflow one.Most of Indian stock are measured by multiple factor wherein stocks should be measured by growth weight.The moment there is change in sensex, its fall as in bottomless pit like it happened on 23rd May,2006.
India quikly needs to keep stringent check on inflation and Real estate price.Too much money coming as FII, can lead to Bubble in real estate market.
Key sectors to gain money in stocks would be Infrastructure, IT and Telecom

West -- Outsourcing is globalisation;Accept it

Outsourcing is no more sales pitch of Chindia. It is globalisation.West started the phenomenon to save cost in IT leveraging Indian IT skills, and now when Indian companies are developing new innovative models, wherein they are providing customers ways to provide better services to their customers.

SO, ultimately it is people in west who are getting the advantage.And it is not just service advantage, but even employment in countries like US/Europe will increase. If companies will gain through better efficiencies, they in turn will hire more people to cater to their growing business.

Budget 2007 - Nothing new in the store

It is something which every comman man of India look forward to in, Annual Budget .2007 was no exception though it did not came with what was expected.
Finance Minister P.Chidambaram focussed this budget for agriculture and not for industry or middle class. THough there has been allocations done for agriculture to grow the sector, there are no such good news for salaried class.
Tax slabs remains same, exemption limit increased by 10k but then education cess increased to 3% and service tax to 20%. Now even ESOP will be taxed under FBT( though I am not getting them ;) )
Taxman!! you really have tough time ahead, geting industry to support ;)