Where can I find the number of online B2C retail sites in the US, with breakdown to small sites/medium/large?

All I can find in reports (Forrester, IDC etc.) is the total revenues of online retail in 09. Nothing about number of businesses, and their breakdown to small (let’s say, <$10M revs a year), medium (10-100) and large. I applied to the research companies directly, with no success. Anyone can help? Even numbers from earlier years can help.

Hello, I’m glad and lucky to browse your questions !
What do you want to do during the online platform ?
I’m very interesting on it , if you shows same interesting , pls try to contact me via yahoo!

Direct Sales & Home Party Plan Marketing Information : How Can Social Media Benefit My Business

The astute and very pleasant Direct Sales Consultant, known by the handle The Traveling SalesWoman, asked the following question of me?
You were the person who encouraged me to join Twitter, and I’m so grateful for that!  Can you share some further thoughts about Twitter and why home party business owners should join in that conversation?

Are you are brothers and sisters fan?  If so you have not missed the obvious connection between Sarah Walkers’ Greenotopia company and its’ many references to social networks and social media platforms such as Facebook and Twitter!

And if you don’t know by now, you are no-one if you are not on twitter.  I was amused to find that my vocabulary  has changed considerably over the past year!

I am  Youtubing, plurking, Facebooking, tweeting, blogging, linking, MySpacing, texting and a host of other things too!  All these are some of the most popular social media sites and as you can see things can get pretty hairy, so I definitely recommend that you have a social media system.

Direct Sales Home Party Marketing Tip: Any task you do more than once NEEDS a procedure, system or checklist!

Before Bill Gates, no one had a personal computer!   One man single handedly revolutionized the world with a dream…his dream was that every home would have a computer!  His dream was to provide value to every single household in the world!

Even after Bill Gates created such an incredible tool, that gave rise to the Internet, Easy Online access & E-Commerce; it STILL amazes me just how many people refuse, are afraid and/or have not taken advantage of the power of the computer and the Internet! Computers as far as I am concerned are the best social media tools (of course for the obvious reason without one you cannot access social media ?, yep)!

I told the travelling saleswoman that social media and social networks are all about relational capital.  And like any thing social media marketing is an art form. The question I often get asked by home party consultants and direct sales reps. Is why don’t they buy my product.  The answer is simple, you have written a check, which came back with the red stamp mark, insufficient funds! (thanks Martin Luther King Jr. for that one).

You see people buy because:

i)    they know you,
ii)    they trust you
iii)   they believe that you have the solution the problem which the face and
iv)   for status

People don’t buy a product, nor do they buy a feature and the benefits are as they are decided upon by the story they tell themselves.   Your juice drink mwy help me loose weight.  But the story I am telling myself is that I am going to look sexy, finally that size 0 pair of jeans that I have seen on display for a year will be mine.  I am going to get hit on by men….you get the picture?  So if your pitch is not in line with my story…

How does all this fit into social media and social marketing?  Simple, you are building relational capital, by depositing in the bank of getting to know you, getting to know all about you!  And you are not only doing it with one person, no you are reaching out to many in one shot!

There are people on these sites that follow you, there are those that interact with you and those that want to see what you are about.  The cool thing about social outlets is that you are King and Queen of your own little internet real estate  King/Queendom!

Social media and social marketing is all about building that relational capital that gives you the all access pass to make your direct sales pitches to those who are ready, able and willing to hear what you have to say, and have the money to spend on what you have to sell.  Do not under-estimate the power of relational capital! 

How else do you think Pres. Barack Obama did it?  I will be holding a special in a week or so about “the Pres. Obama Social Media Effect : How You Too Can Go From Zero To Hero!

For more on social media, and how to use it effectively, just google “social media blog!”

Patricia Kagwiria Makhulo

SEO and Marketing

There is a considerable sized body of practitioners of SEO who see search engines as just another

visitor to a site, and try to make the site as accessible to those visitors as to any other who

would come to the pages. They often see the white hat/black hat dichotomy mentioned above as a

false dilemma. The focus of their work is not primarily to rank the highest for certain terms in

search engines, but rather to help site owners fulfill the business objectives of their sites.

Indeed, ranking well for a few terms among the many possibilities does not guarantee more sales.

A successful Internet marketing campaign may drive organic search results to pages, but it also

may involve the use of paid advertising on search engines and other pages, building high quality

web pages to engage and persuade, addressing

technical issues that may keep search engines from crawling and indexing those sites, setting

up analytics programs to enable site owners to measure their successes, and making sites

accessible and usable.

SEOs may work in-house for an organization, or as consultants, and search engine optimization may

be only part of their daily functions. Often their education of how search engines function comes

from interacting and discussing the topics on forums, through blogs, at popular conferences and

seminars, and by experimentation on their own sites. There are few college courses that cover

online marketing from an ecommerce perspective that can keep up with the changes that the web

sees on a daily basis.

SEO, as a marketing strategy, can often generate a good return. However, as the search engines

are not paid for the traffic they send from organic search, the algorithms used can and do

change, there are no guarantees of success, either in the short or long term. Due to this lack of

guarantees and certainty, SEO is often compared to traditional Public Relations (PR), with

PPC advertising closer to traditional advertising. Increased visitors is analogous to increased

foot traffic in retail advertising. Increased traffic may be detrimental to success if the site

is not prepared to handle the traffic or visitors are generally dissatisfied with what they find.

In either case increased traffic does not guarantee increased sales or success.

While endeavoring to meet the guidelines posted by search engines can help build a solid

foundation for success on the web, such efforts are only a start. SEO is potentially more

effective when combined with a larger marketing campaign strategy. Despite SEO potential to

respond to the latest changes in market trends, SEO alone is reactively following market

trends instead of pro-actively leading market trends. Many see search engine marketing as a

larger umbrella under which search engine optimization fits, but it’s possible that many who

focused primarily on SEO in the past are incorporating more and more marketing ideas into their

efforts, including public relations strategy and implementation, online display media buying, web

site transition SEO, web trends data analysis, HTML E-mail campaigns, and business blog

consulting making SEO firms more like an ad agency.

In addition, whilst SEO can be considered a marketing tactic unto itself, it’s often considered

(in the view of industry experts) to be a single part of a greater whole.[citation needed]

Marketing through other methods, such as viral, pay-per-click, new media marketing and other

related means is by no means irrelevant, and indeed, can be crucial to maintaining a strong

search engine rank.[citation needed] The part of SEO that simply insures content relevancy and

attracts inbound link activity may be enhanced through broad target marketing methods such as

print, broadcast and out-of-home advertising as well

Internet marketing is a component of electronic

commerce. Internet marketing can include information management, public relations, customer

service, and sales. Electronic commerce and Internet marketing have become popular as Internet

access is becoming more widely available and used. Well over one third of consumers who have

Internet access in their homes report using the Internet to make purchases.

Internet marketing is associated with several business models. The main models include

business-to-business (B2B) and business-to-consumer (B2C). B2B consists of companies doing

business with each other, whereas B2C involves selling directly to the end consumer (see Malala,

2003)[1] When Internet marketing first began, the B2C model was first to emerge. B2B transactions

were more complex and came about later. A third, less common business model is peer-to-peer

(P2P), where individuals exchange goods between themselves. An example of P2P is Kazaa, which is

built upon individuals sharing files.

Internet marketing can also be seen in various formats. One version is name-your-price (e.g.

Priceline.com). With this format, customers are able to state what price range they wish to spend

and then select from items at that price range. With find-the-best-price websites (e.g.

Hotwire.com), Internet users can search for the lowest prices on items. A final format is online

auctions (e.g. Ebay.com) where buyers bid on listed items.

Some of the benefits associated with Internet

marketing include the availability of information. Consumers can log onto the Internet and

learn about products, as well as purchase them, at any hour. Companies that use Internet

marketing can also save money because of a reduced need for a sales force. Overall, Internet

marketing can help expand from a local market to both national and international marketplaces.

And, in a way, it levels the playing field for big and small players. Unlike traditional

marketing media (like print, radio and TV), entry into the realm of Internet marketing can be a

lot less expensive.

Furthermore, since exposure, response and overall efficacy of digital media is much easier to

track than that of traditional “offline” media, Internet marketing offers a greater sense of

accountability for advertisers.

deep raj

Cyber Crime Law Separating Myth From Reality

Remember Bruce Willis, the main protagonist in the fourth installment of the Die Hard series last summer?Live Free or Die Hard depicts Willis as the New York police department detective John McClane who is commissioned to capture a gang of ‘cyber terrorists’ intent on shutting down the entire world’s internet. In today ‘sincreasingly volatile world of mobile activated bombs and websites of various militant groups, it is not hard to imagine the Die Hard scenario materializing in real life as well.

One of the most fascinating aspects of modern technology is how it has penetrated every scope and strata of society. Everyone from the uneducated mechanic to the high-profile chief executive officer of a firm now carries a mobile and is aware of what a computer is. This infiltration of technology in our communities has, by and large, proved to be beneficial. But like every other good thing, technology too can be exploited. This exploitation, among other things, has resulted in certain crimes being committed through or against
computers, their affiliated networks and the information contained within them.
Thus, came about the neologism of cyber crime.

Even though the term is now widely used in law circles, disagreements are
aplenty regarding what actually entails cyber crime. President of Naavi.org,
India’s largest cyber law information portal suggests that the term is a
misnomer. “The concept of cyber crime is not radically different from that of
conventional crime,” says in a report on the portal, “Both include conduct
whether act or omission, which cause breach of rules of law and [are]
counterbalanced by the sanction of the state. Cyber crime may be said to be [one
of] those species, of which, the genus is conventional crime, and where either
the computer is an object or subject of the conduct constituting crime,”

However, despite the similar legal nature of both conventional and cyber crime,
they are substantially different in practice. Cyber crimes are far easier to
learn how to commit, require fewer resources relative to the potential damage
caused, can be committed in a jurisdiction without being physically present in,
and until recently, their status of illegality has been, at best, vague. As the
global technology policy and management consulting firm McConnell Institute
notes in a comprehensive report on the subject, many countries’ existing archaic
laws threaten the global information dynamic

“The growing danger from crimes committed against computers, or against
information on computers, is beginning to claim attention in national capitals.
In most countries around the world, however, existing laws are likely to be
unenforceable against such crimes”.

The report added, “Existing terrestrial laws against physical acts of trespass
or breaking and entering often do not cover their ‘virtual’ counterparts. New
kinds of crimes can fall between the cracks.”

Furthermore, efficient law enforcement is further complicated by the
transnational nature of cyberspace.

“Mechanisms of cooperation across national borders are complex and slow. Cyber
criminals can defy the conventional jurisdictional realms of sovereign nations,
originating an attack from almost any computer in the world, passing it across
multiple national boundaries, or designing attacks that appear to be originating
from foreign sources. Such techniques dramatically increase both the technical
and legal complexities of investigating and prosecuting cyber crimes.”

To protect themselves from those who would steal, deny access to, or destroy
valuable information, public and private institutions have increasingly relied
on security technology. But in today’s rapid world of e-commerce, self
protection, however essential, alone cannot make up for a lack of legal
protection. Many countries, therefore, now have separate legislation against
such activities.

The bill covers two basic types of cyber crimes. One in which computers
themselves are targets (such as criminal data access, data damage, malicious
code, and various other kinds of information theft on computer networks), while
the other in which computer and other technology are used as a tool to commit
virtual versions of various conventional crimes (such as cyber terrorism,
electronic fraud and forgery, cyber stalking and spamming, etc).

For the average internet surfer, unaware of the technical definitions of most of
these offences, the law may appear quite confusing at the first glance. It shall
come as no surprise, therefore, that disagreements regarding the ordinance’s
interpretation persist even in the broader legal fraternity. In particular, it
has come under fire from civil rights groups and a section of lawyers who
denounce it as “effectively and practically […] useless against cyber crimes”
but nevertheless creating “enormous obstructions and nuisances for IT enabled
[…] businesses and individuals” as well as considerably sacrificing individual
liberties such as that of privacy.

Mark Tamale (former member of the information technology law forum and the
ministry of science and technology) who has been at the forefront of the
awareness campaign, ‘Take a bite out of the cyber crimes law’ has criticised
this and other sections of the ordinance as being too ambiguous. He implies that
the law could, as a consequence, render even something as innocuous as googling
‘how to make an atomic bomb’ a ‘terrorist act.’ Surely however, the ‘knowingly
engages in’ portion of the statue as well as the subsequent definition of

‘terrorist-ic intent’ should make this a highly unlikely possibility.

A more pressing concern however, at least for the average citizen would be of
privacy. Sections of the law pertaining to corporate responsibility require all
internet service providers to store up to 90 days of data regarding consumers’
internet usage. Service providers are also, in turn, legally bound to comply
with federal law enforcement agencies if they require such data. Such broad
ranging powers for the law enforcement agencies are a common feature of the
ordinance, which also empowers the Federal Investigation Authority to issue an
arrest warrant without any direct involvement of the judiciary.

This means that in effect if the peoples found out how you took a picture of the
man that always stands at the beginning of your lane and then posted it in your
blog, then you may end up in jail (section 13 (d) of the bill renders it illegal
to distribute any image on the Web without the prior explicit consent of the
person in the picture). You may also be arrested for bombarding all your
‘frands’ with Valentine Day wishes (section 13 defines cyber stalking as
‘communicating obscene, vulgar, profane, lewd, lascivious or indecent language,
picture or images with an intent to coerce, intimate or harass any person using
a computer network, internet, network site, electronic mail or any other similar
means of communication’).

Worse still, if you committed any of 21 crimes enlisted in the bill in your
office premises, you will not only end up in jail yourself, but land your bosses
in hot water as well. For section 21, on offenses by a corporate body, holds any
corporation responsible for any action which was committed on its instruction or
for its benefit. Some of these definitions, even by layman standards paint very
abstruse criteria.

Even if one puts aside valid concerns about the lack of procedural safeguards
and due process to protect the rights and the liberties of individuals, one
cannot help but wonder how it will become a nightmare to implement the law, and
then prove any accusations in a trial, especially given the international nature
of cyber crime. Unless the crimes mentioned in it are defined in a manner
consistent across other international jurisdictions, coordinated efforts by law
enforcement officials to combat cyber crime will remain largely complicated and
unsuccessful. There is also a most pressing need to educate law enforcers
themselves about the nature of technology involved, so they can distinguish
aptly between a casual surfer and genuine cyber criminal. The past reputation of
our law enforcement agencies does not leave one with a lot of confidence in this

In short, a separate ordinance for cyber crimes is in it self a step in the
right direction. After all, rule of law in any capacity always constitutes
towards blossoming a trustworthy environment for business and individuals to
work in. But merely passing a law has never been enough to curtail any crime;
the real deterrent will be its implementation and awareness among the public.

Howard Haines

Internet Business Strategies For Successful eCommerce

The goal of any online business is to sell something, be it a product, service, or information. To accomplish this, you need traffic to your web site. By following these key Internet business strategies, you will generate the traffic, customers, and cash.

Image Is Everything. Your web site should reflect how you want customers to feel about your business. The site must be professional looking and easy to navigate and understand. The content provided should be relevant to the needs of the customer. Always make sure the customer knows who you are and what you offer.

Marketing Is King. What promotional tools are you using to advertise your web site? Search engines are the primary method Internet surfers use to locate information. One of the top online business strategies is to choose relevant keywords for the most efficient search engine optimization. For example, the word “books” is too generic for a site promoting life/career changing seminars based on motivational books. Surfers who type in “books” probably want to buy one rather than attend a seminar. Use specific terms that closely relate to what you are selling.

Links to your web page are another important Internet business strategy. Links increase visitors who often become customers. Relevancy is key. Links to your home page should be from sites with topics closely related to your business. Be descriptive with links. Buy last season’s Coach handbags at closeout prices entices more clicks than Brand name liquidators.

Another strategy would be to consider starting your own affiliate program. It’s cost effective because you only pay other sites for the visitors they link to you. You can pay for visitors or pay if the visit results in a sale.

Online businesses do best with online marketing. However, do not discount old media. Get a press release or article about your eBusiness in the local paper. Place an ad in the Yellow Pages or industry trade magazines.

Information Content. Don’t just sell your product or service. Include articles, news, or interesting facts related to your eBusiness. Many customers will appreciate the information. In addition, reporters often look for information online. A blurb about your web site in their story might bring in more customers.

Customer Friendly. If your eBusiness customers are the general public, go easy on the industry jargon. Use “nose jobs” more than “rhinoplasty” if your cosmetic surgery site is aimed at patients rather than fellow medical personnel. This is important also when choosing keywords for search engines.

In addition, go easy on graphics and other bells and whistles. These things tend to slow down page loads. A easy navigation system is one of the most important Internet business strategies. The average customer doesn’t want to sit through mini films or music interludes to get to the information desired. If your web pages take too long to open, customers will surf elsewhere.

Ann Williamson

Recent Trends in Indian and Global Capital Market

Recent trends in Indian & global capital markets.

Dr. Piyush prakash (Reader: D.A.V. College Kanpur)

and Sandhya Dubey


Overview of Indian Capital Market

The Indian capital market is more than a century old. Its history goes back to 1875, when 22 brokers formed the Bombay Stock Exchange (BSE). Over the period, the Indian securities market has evolved continuously to become one o the most dynamic, modern, and efficient securities markets in Asia. Today,

Indian market confirms to best international practices and standards both in terms of structure and in terms of operating efficiency .Indian securities markets are mainly governed by a) The Company’s Act1956, b) the Securities Contracts (Regulation) Act 1956 (SCRA Act), and c) the Securities and Exchange Board of India (SEBI) Act, 1992. A brief background of these above regulations are given below

a) The Companies Act 1956 deals with issue, allotment and transfer of securities and various aspects relating to company management. It provides norms for disclosures in the public issues, regulations for underwriting, and the issues pertaining to use of premium and discount on various issues.

b) SCRA provides regulations for direct and indirect control of stock exchanges with an aim to prevent undesirable transactions in securities. It provides regulatory jurisdiction to Central Government over stock exchanges, contracts in securities and listing of securities on stock exchanges.

c) The SEBI Act empowers SEBI to protect the interest of investors in the securities market, to promote the development of securities market and to regulate the security market.

The Indian securities market consists of primary (new issues) as well as secondary (stock) market in both equity and debt. The primary market provides the channel for sale of new securities, while the secondary market deals in trading of securities previously issued. The issuers of securities issue (create and sell) new securities in the primary market to raise funds for investment. They do so either through public issues or private placement. There are two major types of issuers who issue securities. The corporate entities issue mainly debt and equity instruments (shares, debentures, etc.), while the governments (central and state governments) issue debt securities (dated securities, treasury bills). The secondary market enables participants who hold securities to adjust their holdings in response to changes in their assessment of risk and return. A variant of secondary market is the forward market, where securities are traded for future delivery and payment in the form of futures and options. The futures and options can be on individual stocks or basket of stocks like index. Two exchanges, namely National Stock Exchange (NSE) and the Stock Exchange, Mumbai (BSE) provide trading of derivatives in single stock futures, index futures, single stock options and index options. Derivatives trading commenced in India in June 2000

Other leading cities in stock market operations

Ahmedabad gained importance next to Bombay with respect to cotton textile industry. After 1880, many mills originated from Ahmedabad and rapidly forged ahead. As new mills were floated, the need for a Stock Exchange at Ahmedabad was realized and in 1894 the brokers formed “The Ahmedabad Share and Stock Brokers’ Association”.

What the cotton textile industry was to Bombay and Ahmedabad, the jute industry was to Calcutta. Also tea and coal industries were the other major industrial groups in Calcutta. After the Share Mania in 1861-65, in the 1870’s there was a sharp boom in jute shares, which was followed by a boom in tea shares in the 1880’s and 1890’s; and a coal boom between 1904 and 1908. On June 1908, some leading brokers formed “The Calcutta Stock Exchange Association”.

In the beginning of the twentieth century, the industrial revolution was on the way in India with the Swadeshi Movement; and with the inauguration of the Tata Iron and Steel Company Limited in 1907, an important stage in industrial advancement under Indian enterprise was reached.

Indian cotton and jute textiles, steel, sugar, paper and flour mills and all companies generally enjoyed phenomenal prosperity, due to the First World War.

In 1920, the then demure city of Madras had the maiden thrill of a stock exchange functioning in its midst, under the name and style of “The Madras Stock Exchange” with 100 members. However, when boom faded, the number of members stood reduced from 100 to 3, by 1923, and so it went out of existence.

In 1935, the stock market activity improved, especially in South India where there was a rapid increase in the number of textile mills and many plantation companies were floated. In 1937, a stock exchange was once again organized in Madras – Madras Stock Exchange Association (Pvt) Limited. (In 1957 the name was changed to Madras Stock Exchange Limited).

Lahore Stock Exchange was formed in 1934 and it had a brief life. It was merged with the Punjab Stock Exchange Limited, which was incorporated in 1936.

Indian Stock Exchanges – An Umbrella Growth

The Second World War broke out in 1939. It gave a sharp boom which was followed by a slump. But, in 1943, the situation changed radically, when India was fully mobilized as a supply base.

On account of the restrictive controls on cotton, bullion, seeds and other commodities, those dealing in them found in the stock market as the only outlet for their activities. They were anxious to join the trade and their number was swelled by numerous others. Many new associations were constituted for the purpose and Stock Exchanges in all parts of the country were floated.

The Uttar Pradesh Stock Exchange Limited (1940), Nagpur Stock Exchange Limited (1940) and Hyderabad Stock Exchange Limited (1944) were incorporated.

In Delhi two stock exchanges – Delhi Stock and Share Brokers’ Association Limited and the Delhi Stocks and Shares Exchange Limited – were floated and later in June 1947, amalgamated into the Delhi Stock Exchange Association Limited.

There are two major indicators of Indian capital market- SENSEX & NIFTY:

What are the Sensex & the Nifty?

The Sensex is an “index”. What is an index? An index is basically an indicator. It gives you a general idea about whether most of the stocks have gone up or most of the stocks have gone down. The Sensex is an indicator of all the major companies of the BSE. The Nifty is an indicator of all the major companies of the NSE. If the Sensex goes up, it means that the prices of the stocks of most of the major companies on the BSE have gone up. If the Sensex goes down, this tells you that the stock price of most of the major stocks on the BSE have gone down. Just like the Sensex represents the top stocks of the BSE, the Nifty represents the top stocks of the NSE. Just in case you are confused, the BSE, is the Bombay Stock Exchange and the NSE is the National Stock Exchange. The BSE is situated at Bombay and the NSE is situated at Delhi. These are the major stock exchanges in the country. There are other stock exchanges like the Calcutta Stock Exchange etc. but they are not as popular as the BSE and the NSE. Most of the stock trading in the country is done though the BSE & the NSE . Besides Sensex and the Nifty there are many other indexes. There is an index that gives you an idea about whether the mid-cap stocks go up and down. Th
is is called the “BSE Mid-cap Index”. There are many other types of index.Unless stock markets provide professionalized service, small investors and foreign investors will not be interested in capital market operations. And capital market being one of the major source of long-term finance for industrial projects, India cannot afford to damage the capital market path. In this regard NSE gains vital importance in the Indian capital market but if we see the sensex & nifty graph there is a great variation.

Down fall or variability in returns. To measure all these crisis FM (Finance  minister) of India has done some measures which are following  :

FM says state-run banks ready to provide credit to small, medium business sectors

RBI to keep a close watch on liquidity

Finance Minister P Chidambaram today said the Reserve Bank of India (RBI) will keep a close watch on liquidity and state-run banks are ready to provide credit to the small and medium business sectors. The finance minister today met the chiefs of state-run banks.

Exports growth slumps to 10.4% in September 2008

Exports up by 30.9% in April-September 2008

Indian   merchandise exports during September 2008, recorded meager 10.4% growth at US $ 13.75 billion, taking the toll from recessionary tendencies in major export destination in US and Europe. On the other hand import growth remaining buoyant surged 43.34% to US $ 24.38 billion, causing the trade deficit to more than double to US $ 10.63 billion in September 2008 compared to US $ 4.55 billion in September 2007. Global financial crisis and recessionary tendencies in major economies have severely impacted India’s export growth, though import surged rampantly.

Soaring crude oil prices placed immense pressure on import bill during the month of September 2008. The share of oil import in total imports surged to 37.31% in September 2008 compared to 34.05% in the corresponding period last year. Oil imports during September 2008 surged 57.1% to US $ 9.1 billion, whereas non-oil import increased 36.2% to US $ 15.28 billion. Cumulative oil import during April-September 2008 stood 59.2% higher at US $ 55.06 billion, while non-oil imports surged 29.3% to US$ 99.68 billion over corresponding period last year.

Exports during April- September 2008 expanded 30.90% to US $ 94.97 billion (36.7% to Rs.405118 crore) while imports advanced 38.6% to US $ 154.74 billion (44.9% to Rs 661208 crore).

In rupee terms, exports scaled up 24.7% to Rs.62641 crore, while imports increased by 61.9% to Rs 111085 crore, in September 2008 compared corresponding period last year.

Trade deficit in April-September was estimated at $59.77 billion as against $39.1 billion in the same period the last fiscal.

PM says govt will take all steps to protect growth

Govt working closely with other countries for coordinated policy action

Prime Minister Manmohan Singh told top business leaders on Monday, 3 November 2008, that the government will take all the necessary monetary and fiscal policy measures to protect growth. The Prime Minister also said the government was working closely with other countries to ensure coordinated policy action for the containment of the global financial crisis.

RBI slashes CRR and SLR by 100 bps each and Repo rate by 50 bps

CRR revised to 5.5%, Repo rates to 7.5% while SLR stands reduced to 24%

RBI has cut CRR by 100 basis points to 5.5%, SLR by100 basis points to 24% and repo rate by 50 basis points to 7.5%, in a surprise move on 1st November 2008. Though the market was expecting a cut, the market is surprised by strong dose of cut in all the three rates in one go.

The cut in CRR will be implemented in two phases of 50 basis points each. CRR will come down to 6.0% effective from the fortnight beginning 25th October 2008 and further down to 5.5% effective from the fortnight beginning 8th November 2008. Incidentally, this is in addition to 250 basis points cut in CRR effective from the fortnight beginning 11th October 2008. Thus, in October 2008 alone, we are seeing 300 bps cut and another 50 bps cut in November 2008. The latest 100 basis point cut in CRR will bring in Rs 40000 crore into the banking system. Together, the 350 basis points cut across October and November 2008 will bring in Rs 140000 crore into the banking system

Since 16 September RBI has been offering an additional liquidity support for banks to the extent of 1% of NDTL under the Liquidity Adjustment Facility (LAF) along with waiver of penal interest. Now, RBI making this reduction permanent has reduced the Statutory Liquidity Ratio (SLR) by 100 bps to 24% of NDTL effective from the fortnight beginning 8th November 2008.

Other Measures

RBI has also introduced a special refinance facility for all scheduled commercial banks (excluding RRBs) to provide refinance up to 1% of the relevant bank’s NDTL as of 24th October 2008 at the LAF repo rate up to a maximum period of 90 days. RBI said that during this period, refinance could be flexibly drawn and repaid.

In addition to the cut in SLR and special refinance facility, RBI also extended the limit of liquidity support for banks from 0.5% to 1.5% of NDTL under LAF through relaxation in the maintenance of SLR and the coverage is extended to NBFCs also. Further, RBI said that banks can apportion the total accommodation allowed between Mutual funds and NBFCs flexibly as per their business needs. But RBI directed that this relaxation in SLR should be exclusively used for the purpose of meeting the funding requirement of NBFCs and Mutual funds.

RBI has asked the entities with bulk forex requirements to approach it through their banks. Accordingly, RBI will sell foreign exchange through agent banks to augment supply in the domestic foreign exchange market or intervene directly to meet any demand supply gaps.

RBI has also allowed non-deposit taking NBFCs (NBFCs-ND-SI), as a temporary measure, to raise short-term foreign currency borrowings under the approval route. However, this will be subject to their compliance with prudential norms on capital adequacy and exposure norms.

Further, in the context of forex outflows in the recent period, RBI has decided to conduct buy back of MSS dated securities so as to provide another avenue for injecting liquidity of a more durable nature into the banking system. RBI indicated that this would be calibrated with the market-borrowing programme of the Government of India.


On the growth front, it is important to ensure that credit requirements for productive purposes are adequately met so as to support the growth momentum of the economy. However, the global financial turmoil has had knock-on effects on our financial markets; this has reinforced the importance of focusing on preserving financial stability. The Reserve Bank has reviewed the current and evolving macroeconomic situation and liquidity conditions in the global and domestic financial markets. Based on this review, RBI has taken slew of above measures, including cut in CRR, SLR and repo rate. The total liquidity support provided through the latest reductions in the CRR, SLR and temporary accommodation under the SLR is likely to be in the order of Rs.1,40,481 crore. With RBI announcing slew of liquidity boosting measures overall interest regime in the country is likely to ease in the near term. Some of the banks have already announced interest rate reduction and more are likely to follow soon. The reduction in SLR would release much needed liquidity into the system and signals reduction in the interest rates.

The Reserve Bank will continue to closely monitor the developmen
ts in the global and domestic financial markets and will take swift and effective action as appropriate.

Rate cuts at corner

In the wake of the stress on our financial markets as a result of the global financial crisis, the Reserve Bank announced a series of measures starting mid-September 2008 to ease both domestic and foreign exchange liquidity. The task of monetary policy has always centered on managing a judicious balance between price stability, sustaining the growth momentum and maintaining financial stability. The relative emphasis across these objectives has varied from time to time depending on the underlying macroeconomic conditions. At this juncture, the apex bank of the country has focused on financial stability thanks to ease in inflation.

India witnesses the effects global meltdown through liquidity crunch, which reflected in significant growth in call rates- the rate at which banks borrows from each other. The month started with 16.51% weighted call rates which further moved up to18.53% as on 10 October 2008. On review of the liquidity situation, the RBI announced a reduction in CRR by 250 bps to 6.5% effective from fortnight beginning on 11 October 2008. As result of reduction of the reduction in the CRR around Rs 1,00,000 crore was expected to be released into the banking system. The RBI also decided to open a special 14-day fixed rate repo window for a notified amount of Rs 20000 crore with a view to enabling banks to meet the liquidity requirement of mutual funds.

Reflecting the impact of these measures, the average call rate declined to 9.92% as on 13 October 2008 and further tanked to 6.6% as on 17 October and slipped below reverse repo rate to 4.16% on 18 October 2008. However we have seen pressure mounting on inter bank call money rates since 25 October, as banks scrambled to borrow at call money market to meet funding requirements in a holiday-shortened week, while fresh debt auctions also weighed. The RBI has conducted the auctions of Rs 7000 crore worth of treasury bills on 29 October, while Rs 10000 crore worth of securities will be auctioned on 31 October. As result call rates surged to 8.56% on 25 October and further up to 9.35% and 11.26%, as on 27 and 29 October 2008, respectively. The RBI is committed to maintain close watch on the entire financial system to prevent pressures building up in the financial markets and it may take appropriate steps if pressures persist.

The sharp dip in the crude oil prices, RBI aims liquidity boosting measures and easing inflation has compounded bullish sentiments in the bonds market, raising the bond prices incessantly. The yield on 10- year benchmark government securities (g-sec 8.24% 22 April 2018) eased substantially to its 8 months low level 7.5% on 29 October 2008 from 8.44% on 1 October 2008. Bond yield and inflation has a positive co-relation, whereas bonds trade transmits an inverse price-yield relationship. During the week ended 18 October 2008, general price index popularly called inflation has down to 10.68%. It was the fifth sequential week were the inflation has declined on week on week basis. The downtrend in inflation will give leverage to the apex bank of the country to act aggressively on financial stability with further cut in interest rates.

Along with inflation, we have seen slight deceleration in money supply growth. According to the latest data released by RBI, the annual growth rate in broad money or M3 has below 20% mark. However it is still above the comfort zone of the apex bank (RBI holding 17% target for the current financial year).

Central banks across the globe are trying to curb an economic slowdown as the financial crisis weighs on consumer sentiment and business spending. The Federal Reserve’s reduced interest rates by 50 bps to 1% on 29 October in order to stimulate economic growth by encouraging consumer and business spending. In Asia, China’s central bank announced it’s third reduction by 27 basis points to 6.93%, while Taiwan’s central bank surprised with a 25 bps cut in lending rates to 3%, its fourth easing in two and a half months. Similarly the market expects rate cut to be announced in Japan on Friday, while European Central Bank and Britain may add to monetary easing in the ensuing weak to restrict the adverse impact of what could be the worst financial crisis in 80 years and its impact in terms of a long global recession. Against the backdrop of these global and domestic developments and in the light of measures taken by the Reserve Bank over the last month, we are excepting further dose of medicine from the apex bank of the country.


RBI prefers to buy time and leaves all rates unchanged

But cuts GDP growth projections to 7.5 to 8.0% for FY 2008-09

RBI has declared mid-term policy review with stable interest rates. Effective from the fortnight beginning 11th October 2008, the CRR was already cut by 250 basis points to 6.5% while repo rate was cut by 100 bps effective form20th October 2008. But still select Industry associations were expecting further cut in repo / CRR. Instead, RBI has decided to wait and watch, before taking further monetary measures.

However the Reserve Bank has revised the projection of overall real GDP growth for 2008-09 to a range of 7.5-8.0 per cent, down from its own projection of around 8.0% in July 2008, thanks to global and domestic development.


1)The Bank Rate has been kept unchanged at 6.0 per cent.

2)The repo rate under the LAF has been kept unchanged at 8.0 per cent.

3)The reverse repo rate under the LAF has been kept unchanged at 6.0 per cent.

4)The cash reserve ratio (CRR) of scheduled banks is currently at 6.5 per cent of net demand and time liabilities (NDTL). On a review of the current liquidity situation, it has been decided to keep the CRR unchanged at 6.5 per cent of NDTL.

The market reaction on the policy was negative as market participants had expected further rate cut. However there is no change in any rate of interest as well as in CRR and SLR.

The apex bank of the country has already taken slew of measures in response to the developments in the global and domestic market in the last few weeks. Hence, RBI has preferred to observe the impact of these measures rather than rushing with additional dose of medicine.

Meanwhile, for four consecutive weeks, inflation rate has been coming down on week on week basis. Nevertheless, RBI has unchanged the inflation target for the remaining year, evidencing its discomfort on the underlying pressure on price level. At the same time we have not seen any change in target for money supply. With the reference of the recent date published by RBI, the growth in money supply was slightly down, but still far away from the target of the RBI (17%).

The recent measures taken by the apex bank (CRR and Repo cut) will boost the liquidity in the market along with the relaxation in ECB norms will play critical role in overall monetary assessments for the remaining financial year.

To sum up, the unchanged interest rate , and the downward revision in GDP growth target together indicate that apex bank has tried to maintain the balance between growth and inflation. However this is one of the most critical challenge for policy makers worldwide to make a choice between stable inflation or growth. At home ground, RBI preferred to buy the time to see the impact of the measures that has already placed.

No change in the policy rates or CRR in the Mid Term Review

RBI’s Mid Term Review of Annual Policy keeps all rates unchanged

Dr D Subbarao, Governor, Reserve Bank of India, unveiled the Mid Term Review of Annual Policy for the Year 2008-09 on 24th October 2008.

RBI has kept th
e Bank Rate, Repo Rate, Reverse Repo Rate and Cash Reserve Ratio unchanged. In effect, no major monetary measures have been taken in the Mid Term review on 24th October 2008.

RBI has revised India’s GDP growth projection for FY 2008-09 to a range of 7.5 to 8.0% on 24th October 2008, down from its own earlier projection of around 8.0% in July 2008.

RBI cuts India’s GDP growth projection to 7.5 to 8.0% for FY 2008-09

GDP growth projection cut from 8.0% made in July 2008

RBI has revised India’s GDP growth projection for FY 2008-09 to a range of 7.5 to 8.0% on 24th October 2008, down from its own earlier projection of around 8.0% in July 2008.

Dr D Subbarao, Governor, Reserve Bank of India, unveiled the Mid Term Review of Annual Policy for the Year 2008-09 on 24th October 2008. The downward revision in GDP projections were made in this review.

RBI indicated that in its First Quarter Review in July 2008, it had projected India’s projection of real GDP growth in 2008-09 at around 8.0 per cent for policy purposes. But RBI said that since then, there have been significant global and domestic developments which have rendered the outlook uncertain, and have increased the downside risks associated with this projection.

In particular, RBI highlighted that the global downturn may be deeper and more protracted than expected earlier. Consequently, the adverse implications through trade and financial channels for emerging economies, including India, have amplified.

RBI cautioned that if the recession is deeper and the recovery is long drawn as is the current expectation, emerging economies have also to contend with second round effects in the form of potential terms of trade losses, erosion of export competitiveness and restricted external financing. These adverse developments are overlaid on the moderation of growth in the industrial and services sectors in the first half of 2008-09.

RBI also said that the south-west monsoon conditions and water storage levels support the prospects of maintaining the medium-term trend growth rate in agriculture in 2008-09.

Taking these developments and prospects into account, the Reserve Bank has revised the projection of overall real GDP growth for 2008-09 to a range of 7.5-8.0 per cent

Foreign Institutional Investment in India

The liberalization and consequent reform measures have drawn the attention of foreign investors leading to a rise in portfolio investment in the Indian capital market. Over the recent years, India has emerged as a major

recipient of portfolio investment among the emerging market economies. Apart from such large inflows, reflecting the confidence of cross-border investors on the prospects of Indian securities market, except for one year, India received positive portfolio inflows in each year. The stability of portfolio flows towards India is in contrast with large volatility of portfolio flows in most emerging market economies.

The Indian capital market was opened up for foreign institutional investors (FIIs) in 1992. The FIIs started investing in Indian markets in January1993. The Indian corporate sector has been allowed to tap international capital markets through American Depository Receipts (ADRs), Global Depository

Receipts (GDRs), Foreign Currency Convertible Bonds (FCCBs) and External Commercial Borrowings (ECBs).Similarly, non-resident Indians (NRIs) have been allowed to invest in Indian companies. FIIs have been permitted in all types of securities including Government securities and they enjoy full capital

convertibility. Mutual funds have been allowed to open offshore funds to investing equities abroad. FII investment in India started in 1993, as FIIs were allowed to invest in the Indian debt and equity market in line with the recommendations of the High-Level Committee on Balance of Payments. These investment inflows have since then been positive, with the exception of 1998-99, when capital flows to emerging market economies were affected by contagion from the East Asian crisis. These investments account for over 10 per cent of the total market capitalization of the Indian stock market.

Limits on Foreign Institutional Investors

Each FII (investing on its own) or sub-account cannot hold more than 10 per cent of the paid-up capital of a company. A sub-account under the foreign corporate/individual category cannot hold more than 5 per cent of

the paid up capital of the company. The maximum permissible investment in the shares of a company, jointly

by all FIIs together is 24 per cent of the paid-up capital of that company. The limit is 20 per cent of the paid-up capital in the case of public sector banks. The ceiling of 24 per cent for FII investment can be raised up to

sectoral cap/statutory ceiling, subject to the approval of the board and the general body of the company passing a special resolution to that effect. A cap of US $1.75 billion is applicable to FII investment in dated

Government securities and treasury bills under 100 per cent and the 70:30route. Within this ceiling of US $1.75 billion, a sub-ceiling of US $200 million is applicable for the 70:30 route. (FIIs are required to allocate their

investment between equity and debt instruments in the ratio of 70:30.However, it is also possible for an FII to declare itself a 100 per cent debt FII in which case it can make its entire investment in debt instruments.)

A cumulative sub-ceiling of US $500 million outstanding has been fixed on FII investments in corporate debt and this is over and above the sub- ceiling of US $1.75 billion for Government debt.

Recent trends in the global capital markets :

Several current trends will continue to influence the world’s financial markets long after the present bout of turbulence ends.

FEBRUARY 2008 • Diana Farrell, Christian S. Fölster, and Susan Lund

Struggling credit markets, slumping stocks, and a sliding dollar have been generating anxiety among executives and policy makers in early 2008. Amid the turmoil, it’s easy to forget that long-term structural change in the world’s capital markets will probably prove more important than short-term fluctuations, as it did after the 1987 US stock market crash, the 1992 assault on the British pound, and the 1997 unraveling of Asia’s financial markets.

Recent McKinsey Global Institute (MGI) research highlights several trends that look set to continue during the years ahead, long after the present bout of market turbulence has ended:

the continued growth and deepening of global capital markets as investors pour more money into equities, debt securities, bank deposits, and other assets around the world

the soaring growth of financial markets in emerging economies and the growing ties between financial markets in developed and developing countries

the shift of financial weight in Asia from Japan toward China and other fast-growing emerging markets

the growing financial clout of the eurozone countries and the significance of the euro

the burgeoning role of oil-rich Middle Eastern countries as suppliers of capital to the world, along with the rise of new financial hubs in the Middle East to complement the rapidly growing hubs in London and Asia

While these trends reflect a shift in financial power from the United States toward other parts of the world, the sheer size and depth of the US market will give it a leading role on the international financial stage for years to come.1

The exhibits that follow track the progress of these long-term shifts. The research rests on several proprietary MGI databases that cover the financial assets, cross-border capital flows, and foreign investments of more than 100 countries since 1990. Most of the analysis focuses on developments through 2006, the most recent year for which comprehensive data are available. But some data also show that many of the broad trends continued through late 2007 and will probably persist in years to come.

The continued growth of global financial assets

The full fallout from the credit market volatility of 2007 remains to be seen. But over the longer term, the volume of global financial assets (the value of all bank deposits, government debt securities, corporate debt securities, and equity securities) will continue to expand. Over the past 25 years, through stable and stormy times alike, financial assets have grown robustly. In 2006, their value rose to $167 trillion, from $142 trillion the year before—a 17 percent increase, more than double the average annual growth rate (8 percent) from 1995 through 2005.2

For many years, as equity and bond markets thrived, bank deposits have accounted for a shrinking share of total financial assets. That trend continued in 2006, but the rate of decline slowed because the absolute value of bank deposits around the world jumped by $5.6 trillion—twice the average increase of the previous three years.3 The largest contributor to this rise was the United States, thanks largely to strong income growth and the housing boom, which enabled many households to tap their home equity for quick cash. This source of growth was shaky by 2007. Looking forward, the growth of deposits will depend to a large degree on China, where they are the primary savings vehicle.

Growing cross-border investment links financial markets

The rising level of foreign investment is making the world more financially inter-dependent than it was even a few years ago. By the end of 2006, the outstanding stock of cross-border investments reached the highest level, in real terms, in history—$74.5 trillion of assets. This sum includes the foreign investments of multinational corporations, purchases of foreign debt and equity securities by investors around the world, and foreign lending and deposits. Preliminary data indicate that the total grew to another record level in 2007, despite the disruptions in European and US credit markets during the second half of the year.

What’s more, the source and direction of cross-border investment flows are shifting. In 1999, the United States was the dominant hub of the global financial system. By 2006, it remained the largest single foreign investor and a major hub in global capital markets—but the eurozone countries together had as many financial links with other parts of the world, including emerging markets. The United Kingdom too has become a more significant global financial hub, and Middle Eastern countries are now major investors in global financial markets, thanks to the windfall generated by rising oil prices. In 2006, for the first time since the 1970s, the oil-exporting countries joined those of East Asia as the world’s largest net suppliers of capital.


The Indian financial system has undergone structural transformation over the past decade. The financial sector has acquired strength, efficiency and stability by the combined effect of competition, regulatory measures, and policy environment. While competition, consolidation and convergence have been recognized as the key drivers of the banking sector in the coming years, consolidation of the domestic banking system in both public and private sectors is being combined with gradual enhancement of the presence of foreign banks in a calibrated manner. There has been improvement in banks’ capital position and asset quality as reflected in the overall increase in their capital adequacy ratio and declining NPLs, respectively. Significant improvement in various parameters of efficiency, especially intermediation costs, suggests that competition in the banking industry has intensified. The efficiency of various segments of the financial system also increased. The major challenges facing the banking sector are the judicious deployment of funds and the management of revenues and costs. Concurrently, the issues of corporate governance and appropriate disclosures for enhancing market discipline have received increased attention for ensuring transparency and greater accountability. Financial sector supervision is increasingly becoming risk based with the emphasis on quality of risk management and adequacy of risk containment. Consolidation, competition and risk management are no doubt critical to the future of Indian banking, but governance and financial inclusion have also emerged as the key issues for the Indian financial system. The capital market in India has become efficient and modern over the years. It has also become much safer. However, some of the issues would need to be addressed. Corporate governance needs to be strengthened. Retail investors continue to remain away from the market. The private corporate debt market continues to lag behind the equity segment.

Dr.Piyush Prakash

Fitline Health-supplements, Anti-aging Program From Pm International – the Wellness Company



Wellness Company PM International has developed the “FitLine Premium Health Solution”, an innovative  Anti-Aging Program, using a patented Nutrient Transport Concept. According to PM International CEO, Rolf Sorg, this program is expected to contribute to the goals almost everyone has: higher quality of life due to improved wellness and strength. A more enjoyable life due to better looks and a healthy appearance.


Positioned internationally and programmed for further growth, PM International is number 1 in the German nutritional supplement market. Their guiding principle is “Natural Health Supplements, Fitness and Beauty, both internally and externally, trough innovative Cell energy.” They concentrate on the premium segment of the market. They offer a variety of product lines, including nutritional supplements for the entire family and a complete line of skin care products and cosmetics.

PM-International is not only present in all of the important markets in Europe, but has been expanding globally for years. It is already present in over 20 countries. Annual sales total over 100 Million Euro and are growing at double-digit percentage rates. As opposed to most competitors, the company is financially independent and achieves its growth solely from internal capital. This Award winning company is busy establishing their presence in America and Asia. PM International is also busy establishing their PM e-commerce opportunity for their business partners with their own turnkey internet businesses.

Dr. Gerhardt Schmitt is a Nutritional scientist, Chairman of the Scientific Advisory Board and developer of the FitLine health supplements. He state that they offer everyone worldwide the opportunity to become an independent PM International home based distributor for all of their products. As Independent Consultants, you sell their products through the company’s Internet Wellness Shops, at your own website or at your own discretion, creating your own home based business.

This company also offers live video and phone conferences to its independent Wellness Consultants four times a week to keep everyone updated and answer questions Consultants might have about the business.

As a Wellness Consultant with PM International you have their support. You determine your financial growth at your own pace. The company is interested in long term harmonious relationships with its Consultants. PM International wants you to work with them in a relaxed atmosphere, receiving their support in every area you need in order to be a success.





Burchel Belfor

Online Shopping


Online shopping has never been so easy and fun. Find all the stores for everything you want to buy in one place. Online shopping in the first 51 days of the holiday season, from November 1 through December 21, was $24.71 billion, reports comScore, down 1 percent from the prior years haul. Online shopping is very popular among most Internet users. Almost 85 percent of web users in the United States shop online. Online shopping had never been safer and easier.


Product images in the shopping cart or order summary pages should represent the specific colors or styles selected by the customer. Products such as spare parts, both for consumer items like washing machines and for industrial equipment like centrifugal pumps, also seem good candidates for selling online. Retailers often need to order spare parts specially, since they typically do not stock them at consumer outlets — in such cases, e-commerce solutions in spares do not compete with retail stores, only with other ordering systems.


Call the phone number and ask questions to determine if the business is legitimate. Even if you call after hours, many companies have a “live” answering service, especially if they dont want to miss orders. Calling all fashion conscious ladies! I know that we all love shoes.


Email is not a secure method of transmitting financial information like your credit card, checking account, or Social Security number. If you initiate a transaction and want to provide your financial information through an organizations website, look for indicators that the site is secure, like a lock icon on the browsers status bar or a URL for a website that begins “https:” (the “s” stands for “secure”).


Click banners that interest you, check the categories in the center column or the drop menu, or use the search box to find good stores. Shopping online brings great stores right to you, and makes comparison shopping easy! Click here to get organized with your beauty regime.


Shoppers tend to spend time browsing in stores on the weekends and then buy gifts online when they return to work, where they usually have the fastest internet connections. This pattern held true as well when on Monday, December 11th, consumers spent $556 million online. Shoppers can create countless combinations using a virtual model they can build and personalize to match their measurements – height, weight, and body shape – and a headshot photo to ensure that the style, color, pattern and fit are right. The 3D angle allows users to view garments on themselves from the front, side and back, and shoppers can also email images of their looks to friends and family to help them make final purchasing decisions.


Online shopping is really remarkably easy whether you are looking for the latest fashions or trying to keep up with the latest electrical gadgets and wizardry. It is the fastest growing multi-billion dollar business in the world; yet it is remarkable that the customer experience of online shopping itself has hardly changed since Amazon and others created it at the dawn of the web. Sites Larger brands have also benefited from the social shopping sites. Online shopping is the process of buying goods and services from merchants who sell on the Internet. Since the emergence of the World Wide Web, merchants have sought to sell their products to people who surf the Internet. Online shopping is great for toys, books, etc. But I can’t stand it for things that must be tried on.


Online shopping is popular mainly because of its speed and ease of use. Some issues of concern can include fluctuating exchange rates for foreign currencies, local and international laws and delivery methods. Online shopping is becoming a mainstay of American commerce and more people are comfortable with making purchases from Internet stores. If you have something that you are passionate about selling, consider opening an online store. Online shopping is one of the greatest aspects of the internet today. By choosing to shop online you will be able to enjoy many benefits, some of which are self explanatory, others that are not so apparent.


Online shopping is also making buying new and used merchandise easier. Online shopping is easier to do than ever before. You can find a bargain online, search for online shopping malls, find Internet auctions, search through luxury stores and comparison shop with multiple shopping search engines, and much more – all from the comfort of your own home. Online shopping is still new for most people. As a result, many people are afraid to give out their personal information and credit card (or bank account) data to a website.


Sites like ClimateCooler, an online shopping mall partnering with popular retailers, calculates the pounds of greenhouse gas produced in the manufacturing, shipping and selling of the product purchased. That amount of money, paid to Cooler from the retailer, is then invested in an organization to help eliminate greenhouse gas pollution. Site visitors have the chance to browse the Web page and even speak to a live mobility consultant.


Secure sites encrypt financial information so thieves cant pluck your account number off the Internet and run up unauthorized charges. At the bottom of the page where you enter your personal information, look for a padlock or unbroken key that signifies a secure Web site. Security management is the process of developing a comprehensive data protection plan. It takes into account all potential threats, the existing network environment, the future needs of the organization, and lays out a multi-tiered blueprint to integrate the security technology needed to combat these threats. Secure sites will also have a slightly modified Internet address. Rather than beginning with http://, the sites URL will begin with http://.


Amazon is probably the first store of its type on the Internet, but many more have opened since then. Today, instead of just books and videos, Amazon distributes products for a great deal of retailers including ToysRUs. Amazon will gift-wrap and send your purchase to whatever address you request. I only use the gift-wrap service when the gift will be held to be opened later – like childrens birthdays or Christmas.


Yet, sometimes you are faced with deciding if you want to make a purchase from a store with which you are completely unfamiliar. For instance, say you have been browsing for a while and you find a great buy on a cashmere sweater. Yet, it cannot be denied that staying ahead of the curve can be a tiring and time-consuming endeavor. Who hasnt come home from a long day at work and then realized they needed a new outfit for the office presentation on Friday? Get what you need from Country Merchantile


RS Martin

Debenhams Faces Cash Woes

Today’s credit crunch spotlight is shining on high street department store group Debenhams.

The firm is seeking to raise more money from investors to aid cash flow, reported the Financial Times.  Trading problems are on the agenda for the next Debenhams board meeting on January 6.

Also struggling to cope with the bills is the Globe Pub Company, which is appointing ‘restructuring consultants’ after admitting difficulties in meeting payments and is close to breaching loan agreements.

In a quarterly update to bondholders, Globe, which owns 424 pubs, said operating profits for the 12 weeks to 29 November had plunged to £5.3m, down 20% on the same period last year. Meanwhile the cost of servicing debt had risen 2% to £4.4m.

Thousands of families are waiting to hear from photographers Olan Mills whether they have lost portraits and gift boxes they have already paid for. The chain, with 34 outlets mainly in Mothercare stores has collapsed and ceased trading.

An administrator will be appointed and the company says it was “endeavouring” to fulfil all outstanding orders and post photographs direct to customers’ homes during January.

People who have bought a gift box or voucher from Olan Mills become unsecured creditors who need to register claims with the administrators – giving a slimmer chance of a refund. Customers who paid by credit card should contact their credit card company.

Parity between the Pound and Euro is becoming more of a reality as sterling values ebb on the back of low interest rates and fears for the state of the British economy.

The Bank of England is expected to reduce interest rates to 1% or less next week, which will put more pressure on the currency markets.

The Pound closed at 1.0389 Euros, down ever so slightly from 1.0390. The Pound remained at US $1.457.

The FTSE was up 102.8 points from 4216.6 to 4319.4 and the DOW closed down 319.4 points at 8483.93from 8515.87.

This article was written by eCommerce Associates for Bank — Accounts and our Finance Blog

eCommerce Associates

Hebert Confections Selects Enterprise 21 From Technology Group International

Toledo Ohio based Technology Group International (TGI), a leading ERP software solution provider, announced that Hebert Confections, LLC has selected Enterprise 21 ERP software as the replacement package for its existing legacy system.

Originally founded by Fredrick Hebert over eighty years ago, the New England based company has a long standing tradition of manufacturing traditional boxed chocolates, gourmet candies, chocolate bars, fudge and other confections. The company is now owned and operated by Longmeadow Capital, who distributes the fine Hebert product line through grocery, mass merchant trade, and through its own direct-store-delivery network and retail store.

When arriving at Hebert Confections, the company’s Chief Operating Officer, Jeff Goodman, quickly discovered he needed to replace its existing software package with a robust manufacturing, inventory control, and accounting system. Goodman soon located IQ Consulting Services, a local consulting firm specializing in enterprise systems and selection projects. IQ Consulting Services helped Hebert Confections review Enterprise 21’s functionality to determine if the package was a good fit for the company and its operational needs.

Goodman listed the competitive advantages of TGI’s ERP software by stating their decision to select Enterprise 21 was based on the following criteria:

Enterprise 21 provided robust financials and manufacturing functionality
The manufacturing module was complete and flexible
The financial applications were completely integrated and had data available for all necessary reports
The system required no customizing and it provided all the necessary functionality from only one software vendor
The product was available for installation with a straightforward implementation process
Two demonstrations were enough to show Goodman and his team the full functionality Enterprise 21 offered and that the package was a best choice for his company.

Continuing the long tradition of the Hebert family, visits to The Candy Mansion remain a regular practice of many New England families. The Hebert team still continues to provide factory tours and holiday events to young and old visitors alike.

About Technology Group International, Ltd.
Founded in 1990 and headquartered in Toledo, Ohio, Technology Group International is a proven technology leader delivering Tier 1 application software functionality at a price performance level that can be readily accepted by organizations of all sizes. Specializing in software solutions for small and mid-market manufacturing and distribution companies, TGI’s integrated Enterprise Series software suite is a complete business process management solution. The product offering includes Enterprise Resources Planning (ERP), Manufacturing Resource Planning (MRP), Supply Chain Management (SCM), Warehouse Management System (WMS), Advanced Planning and Scheduling (APS), Decision Support System (DSS), Business Intelligence, Manufacturing Execution System (MES), and eCommerce. TGI implements, maintains, enhances, and supports its packaged distribution and manufacturing software solutions directly and via its channel partners.

Thomas Cutler