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A Knowledge Booster

ISSN : 0972-7124 Volume 11 No.4

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Investor's Psychology in the maze of INVESTMENTS in ICM

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January 2010

SHUCHITA TIMESA Knowledge Booster

THE EDITORspeaks

ISSN : 0972-7124 April 2010 Volume 11 No.4

in v

iew

Personality Karsanbhai Patel

Did You Know ?

The Days AheadForecast for Students

Health

Inspirational Story

2 8

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12

13

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Transfer Pricing - An Overview

Online Advertisements A New Way of Communication by the Corporate

All of us want more success. We all have goals in the form of desires, dreams or aspirations. This gives birth to competition. Competition is caustic. Life as a whole becomes a race, match or TV contest, in which there has to be winners and losers, elations and disappointments. We are running fast to win, to elate, and to be successful. And in this run, we forget that above competition, lies cooperation. It is the means of fulfillment of goals as a whole for all.

Cooperation is interacting with others in ways that are friendly, courteous, and considerate and demonstrating respect for others' ideas, opinions, and contributions, seeking input from others in order to understand their actions and reactions, offering clear input on own interests and attitudes so others can understand one's actions and reactions, trying to adjust one's actions to take into account the needs of others and/or the task to be accomplished.

It is the cooperation not competition through which your greatest successes will be derived. In competition, we make mandatory relationships, have suspicions, we are emotionally involved and irritate. It is a WIN-LOSE relationship whereas in cooperation, we make long term relationships, we have trust, we are emotionally detached and turn out to be skilled negotiators. It's a WIN-WIN.

So, Let us lend a hand!

Karsanbhai Patel is the man behind the extremely successful brand- Nirma. He established business theories and rewrote new ones.

Karsanbhai Khodidas Patel (K.K. Patel) came from a humble farmer family from Mehsana, Gujarat. At the age of 25, Karsan Bhai Patel started a small-scale enterprise. He offered a quality detergent powder, using indigenous technology. Karsanbhai named the detergent powder Nirma after daughter Nirupama. At that time domestic detergent market was limited only to premium segment and was dominated by MNCs. Karsanbhai Patel started door-to-door selling of Nirma and priced it at Rs. 3 per kg. The next available cheapest brand in the market at that time was Rs.13 per kg. Nirma revolutionized the whole detergent powder segment and in a short span of time created an entirely new market segment in the domestic detergent sector market. It gave the bigger established brands a run for their money and soon occupied the top market share. To add to all this, Nirma was made of an innovative formulation, which global detergent giants were later on compelled to emulate, it was phosphate free and hence environment friendly, and the process of manufacturing was labour intensive, which offered large scale employment.

Karsanbhai Patel has won many accolades on his way to success. The Federation of Association of Small Scale Industries of India, New Delhi, awarded him with the 'Udyog Ratna'. The Gujarat Chamber of Commerce felicitated him as an 'Outstanding Industrialist of the Eighties'. The Govt. of India twice appointed him Chairman of the Development Council for Oils, Soaps & Detergents.

"Success is the ability to go from one failure to another with no loss of enthusiasm."

-Winston Churchill

Investor's Psychology

SecuritisationThe underlying theme of banking sector

in the maze of INVESTMENTS in ICM

article

SHUCHITA TIMES APR 2010 2

Investor's Psychology in the maze of INVESTMENTS in ICM By Dr. K.K.Patra

There is a saying in the stock market i.e., "buy low and Under the state level financial institution, State Financial sell high", which is considered to be one of the main tips Corporation and State Industrial Development for the Indian stock market. It is considered to be the Corporation were established in the year 1951 and 1960 golden rules for all investors, yet most of the investors respectively. There are 18 numbers of SFCs and 26 follow just opposite rules i.e., "buying high and selling numbers of SIDCs were established. The main objective low". Indian capital market (ICM) is providing a long term of establishing the above financial institution is to provide equity fund and debt finance for the corporate sectors, ideas, selection and training, providing technical which are utilized for the new projects, modernizing the assistance and risk capital to the entrepreneurs. old projects and expansion of industries to bring out an Under the social security and investment institutions, overall prosperity. The faster growth of capital market is Life Insurance Corporation of India was established in based on the availability of savings with the public, the year 1956. Unit Trust of India is the largest and oldest health of the economy, corporate performance and mutual funds established in India in 1964 in order to prospective trends of industrial growth. Growth of capital mobilize the savings and investment in trade and market largely depends on the increase of underwriting industries. For safeguarding the properties, General business, awareness of investments and public Insurance Corporation of India was established in the confidence and implementation of uniform principles. A year 1973. For the better management of the activities of developed capital market is responsible for the the insurance sector, GIC was classified into four sub-mobilization of national savings for economic division such as The New India Assurance Company development and productive utilisation of resources. Ltd., The Oriental Fire and General Insurance Company

Ltd., The United India Insurance Company Ltd., and The INDIAN CAPITAL MARKET: PAST, PRESENT AND National Insurance Company Ltd., with their head offices FUTURE in Mumbai, Delhi, Chennai and Kolkata respectively.

Under the specialized financial institutions Housing and PAST SCENARIO: Urban Development Corporation (HUDCO) was Before independence, Indian Capital Market was established in 1977 in order to look after the handicapped and ill equipped as there were very few constructions of houses. Export and Import Bank (EXIM) companies and the numbers of securities traded in the was established in 1982 in order to export and import the stock exchanges were smaller. There were no such machineries and equipment's and Technology specialized intermediaries except the moneylender or Development and Information Company of India (TDICI) sahukars, who were charging higher amount of interest. was established in 1989 for project financing and so on. But after independence, the capital market is growing significantly. Indian capital market has been classified PRESENT SCENARIO:into four categories such as (i) Developmental Financial Depositories and Scrip-less Trading is an institutional Institutions, (ii) State Level Financial Institutions, (iii) framework where securities of the shareholders are held Social Security and Investment Institutions, and (iv) in the electronic form at the request of the holders Specialized Financial Institutions. through the medium of depository participants. The Under DFIs, Industrial Finance Corporation of India, certificates received from the shareholders are Industrial Credit and Investment Corporation of India, destroyed and an equivalent number of securities are Industrial Development Bank of India, Industrial credited in the electronic holdings of that investors. The Reconstruction Bank of India and Small Industries main objective of setting up a depository is to quicken the Development Bank of India were established in the year settlement of the transactions of any stock exchanges 1948,1955,1964,1985 and 1990 respectively. The main and also to reduce the cost of risk involved in the physical purpose of these institutions were to provide long-term movement of the securities. National Securities financial assistance to the industrial concerns in public Depository Limited (NSDL) was the first depository sectors, private sectors and to look after the problems of established in 1996 promoted by Industrial Development sick industrial units by providing assistance for speedy Bank of India, Unit Trust of India and National Stock rehabilitation. Exchanges. The second depository i.e. Central

"Stocks are bought on expectations, not facts-Gerald M. Loeb"

SHUCHITA TIMES APR 20103

articleDepositories Service Limited (CDSL) was promoted by National Securities Clearing Corporation Limited Bombay Stock Exchange, Bank of India and Bank of (NSCCL is a subsidiary of National Stock Exchange). Baroda. Financial Derivatives are the instruments whose value is derived from that of other assets called FUTURE DEVELOPMENTS:underlying assets. These are used to enhance the Demutualisation is the most important development in system of information transmission by offering greater the capital market. It means conversion of an existing liquidity with low transmission cost. Three major players non-profit organization into a for-profit company. In other as hedgers, speculators and arbitrageurs are providing words, it is an association that is mutually owned by depth to the market, liquidity and aid in price discovery member's converts itself into an organization that is respectively. owned by shareholders. Any organization that is a non-Book building is a process used for marketing a public profit body and is not distributing its profits to owner-offer of equity shares of a company. A company which is members but retains the same for developing planning an initial public offer (IPO) appoints a category-I infrastructure of the organizational can demutualise. merchant banker as book runner who prepares and Internet trading is another good medium, which can be submits a draft prospectus with the SEBI for approval. used as an efficient tool for trading in shares. In the past, The prospectus contains details about the company with investors had no option but to contact their broker to get regards to past history, issue size and future plan except real time access to market data. The net brings data to the price of the securities. After filing the draft prospectus the investor on line and net brooking enables him to with SEBI, a period is fixed for bid and the details of the trade on a click. Information has become easily issue are advertised. It is a transparent and flexible accessible to both retail as well as big investors. It brings pricing method, which is based on the feedback from the in total transparency between a broker and an investor in investors. case of secondary market operations. When the open Stock-invest are an arrangement, which protects the outcry system was prevalent, only the broker knew the interest of large number of investors due to over actual transacted price. subscription of application money. For the first time, the Bull Stock Market vs. Bear Stock Marketscheme was prepared by State Bank of India in 1992, Bull market is the market when the stock market is in and was approved by Reserve Bank of India. Under boom and the bear market can be defined as bear when these arrangements investors account debited only after the stock market is in downturn condition. Investors are finalisation of allotment of shares and in case of non-allotment the account will not be debited at all. Up to the allotment of shares the investor funds continue to earn interest. It is a guaranteed instrument, which provides an additional facility over and above the other mode of payment i.e., cash, cheque or draft. It is providing several benefits to the investors, issuers and the registrars. It is neither transferable nor negotiable.Zero coupon bonds refers top those bonds which does not provide any regular income but converted into equity shares at reduced premium after a fixed period of time. As the bond carries no interest, investors are not expected to pay any tax on their investment. It is helpful to the establishment of new projects because no interest will go outside during the gestation period of the project.Securities lending scheme is an arrangement which

the driving force for the bull and bear market. The provides income opportunities for security holders and psychology of the investors matters a lot for the investors creates liquidity to facilitate trading strategies for to be a bull one or the bear one. If the investors are borrowers. All securities lending and borrowing having confidence that the market will go and it will be transactions are routed through an approved continues for a prolonged time they are more willing to intermediary. An agreement is made between the lender buy shares in the stock market. They have the and borrower for a specific period with the condition that confidence that they will make the capital gain. When the the borrower will have to return equivalent securities prices of the stock market falls the psychology of the after the specified period along with the corporate some investors is to sell the shares. When more and benefits including dividends, right, bonus, redemption more investors want to sell the shares then automatically benefits etc. Automated Lending and Borrowing the share prices will go down. Mechanism (ALBM) is a security lending product of ...to be continued

article

SHUCHITA TIMES APR 2010 4

Nature and Form of Credit Enhancements tranches of their securitisation transactions. The guidelines are currently in a draft form and it is expected Subordination is a commonly used form of credit that they would be finalised soon. enhancement. Since asset backed securities are still

new, investors have a preference for AAA or AA rated Regulatory Compliancesinstruments. Most transactions in the market, therefore, The Reserve Bank of India has a set of guidelines for end up with a couple of senior classes. Multi-class banks relating to their transactions under the SARFAESI issuances with several rated tranches are uncommon. law but that contains only an opaque reference to capital Apart from subordination, over-collaterlisation, relief. There are no clear guidelines on capital relief. guarantees, recourse, cash reserves are used as other However, it is generally felt that if a transaction attains off forms of enhancement. The extent of enhancements is balance sheet treatment, it will result into capital relief. relatively very high - and not very painful, as there are no There are no specific capital implications on account of capital consequences of providing such enhancement. retention of subordinated tranches, though in practice, Legal Structure there are substantial junior stakes or over

collateralisations present in every transaction (see under In 2002, India enacted a law that reads Securitisation Credit enhancements above). Among the regulatory and Reconstruction of Financial Assets and costs, stamp duty is a major hurdle. The instrument of Enforcement of Security Interests Act, 2002 transfer of financial assets is, by law, a conveyance, (SARFAESI). Though masquerading as a securitisation-which is a stamp able instrument. Many states do not related law, this law does very little for securitisation distinguish between conveyances of real estate and that transactions and has been viewed as a law relating to of receivables, and levy the same rate of stamp duty on enforcement of security interests, as a very narrow the two. The rates would therefore be weird - going up to avatar of personal property security laws of North ten per cent of the value of the receivables. Some five America. In commercial practice, the SARFAESI has states have announced concessional rates of stamp been very irrelevant for real life securitisations. Most duty on actionable claims, limiting the burden to 0.1 per securitisations in India adopt a trust structurecent, but there is an unclarity as to whether this - With the underlying assets being transferred by way of concession can be availed for assets situated in multiple a sale to a trustee, who holds it in trust for the investors. A locations. The stamp duty, unclarity and illogicality has in trust is not a legal entity - but a trustee is entitled to hold a way shaped the market - players have limited property which is distinct from the property of the trustee transactions to such receivables as may be transferred or other trust properties held by him. Thus, there is without unbearable stamp duty costs. The SARFAESI isolation, both from the property of the seller, as also from law intended to resolve the stamp duty problem, but the property of the trustee. The trust law has its owing to its flawed language, did not succeed.foundations in UK trust law and is practically the same. TaxationTherefore, the trust is the special purpose vehicle. Most

transactions to date use discrete SPVs - master trusts The tax laws have no specific provision dealing with are still not seen. The trustee typically issues PTCs. A securitisation. Hence, the market practice is entirely PTC is a certificate of proportional beneficial interest. based on generic tax principles, and since these were Beneficial property and legal property is distinct in law never crafted for securitisations, experts' opinions differ.

The generic tax rule is that a trustee is liable to tax in a The issuance of the PTCs does not imply transfer of representative capacity on behalf of property by the SPV but certification of beneficialthe beneficiaries - therefore, there interest.is a prima facie taxation of the SPV

Draft Guidelines of the RBI as a representative of all end The RBI has recently issued i n v e s t o r s . H o w e v e r , t h e d r a f t g u i d e l i n e s o n representative tax is not applicable s e c u r i t i s a t i o n . T h e s e in case of non-discretionary trusts guidelines for the first time where the share of the beneficiaries is ascertainable. p r o v i d e f o r c a p i t a l The share of the beneficiaries is ascertainable in all consequences of banks securitisations - through the amount of PTCs held by the buying back the subordinated investors. Though the PTCs might be multi-class, and a

SECURITISATIONTHE UNDERLYING THEME OF BANKING SECTOR

$$$$$$$$$

...continued

continued on page 7

by Supriya Mitra Majumdar

article

SHUCHITA TIMES APR 20105

Transfer Pricing - An OverviewTransfer Pricing Regulations– The could either be, economic double collect fair share of tax in respect of Background and Rationale Specific taxation where the same amount is cross border transactions between transfer pricing provisions with an taxed more than once in the hands of related entities. Thus it ensures that international focus were f irst different parties or, juridical double revenue of countries involved is introduced in United Kingdom and the taxation where the same income is protected and incomes of the United States during the First World taxed more than once by way of mul t inat ional enterpr ises are War (1914-1918). These provisions different taxes or in an international apportioned fairly between the were introduced as an anti-tax context by different authorities. The countries involved.avoidance mechanism to prevent r isk was compounded by an Towards Universal Transfer prof i t sh i f t ing by associated increasing concern by tax authorities P r i c i n g S t a n d a r d s : O E C D companies through under or over- to ensure that they get satisfactory tax Guidelinespricing of cross-border transactions. contribution from the enterprises The Organization for Economic Co-The result of such transactions was operating in or from their jurisdictions. operation and Development (OECD) that the eventual prices selected The countries did so by enacting has been in the forefront in providing significantly affected the total profits transfer pricing legislation which for a unified global approach to that the concerned companies shared resulted in unilateral solutions to the International Transfer Pricing. This is amongst its groups of companies. For problem. Further, there was a pursuant to Article 1 of the Convention this and other reasons companies common conflict of interest among the signed in Paris on 14 December 1960, effectively used transfer pricing as a countries to collect tax at the expense which came into force on 30 means to avoid taxes. This was done of the companies being doubled taxed September, 1961.bearing in mind that avoiding tax is hence lead ing to inc reased The OECD objective has been to build tolerated as long as a legal method is operational costs, decreased profits strong economies in its member used to organize ones dealings in a n d u n e v e n c o m p e t i t i o n countries, improve efficiency, sharpen such a way that less tax was paid by internationally. In view of that, the market systems, expand free trade taking advantage of shortcomings in policy, law and practice by different and contribute to development in tax laws within legal boundaries. national tax authorities developed to industrialized as well as developing Absence of specific transfer pricing avoid this conflict of interests or countries. For tax purposes, the provisions in many countries meant double taxation, while satisfactorily OECD promotes policies designed to that companies found it relatively collecting tax which is properly due to ensure appropriate tax base in each easy to reduce their tax burdens at the them from the taxpayer. Therefore, an jurisdiction and avoiding double expense of tax authorities losing their international consensus on transfer taxation. The policies are found in the tax base. pricing and cross-border transactions OECD Model Tax Convention Currently these companies are mainly was found to be essential. The Commentary (2002) and form a basis known as multinational enterprise purpose of the consensus and the of most of the international tax treaties groups (MNE Group) or multinational rationale of provisions in this regard in between member states and non-enterprises (MNE). MNE group is a countries having international member states. The Double Tax group of associated companies with transactions and group of companies Avoidance Agreements (DTAAs) are business establishments in two or are discussed below was to: examples of such treaties. For more countries while MNE is a - Seek a balance between costly transfer pricing purposes, DTAAs company that is part of an MNE group. obligations of MNEs to comply with establish the arm’s length principle as The MNEs consist of corporate giants complex laws and administrative the standard for the adjustments of and smaller companies with one or requirements in different countries transfer prices by tax authorities in the more subsidiaries or permanent - Enable tax authorities avoid double case of transactions between establishments usually in countries taxation while controlling abuse by the associated enterprises. OECD has other than where the parent company tax payer and avoiding conflict endorsed standards and principles in head office is located. amongst the tax authorities determining transfer prices focusing In the subsequent years, the anti- - Provide a statutory framework, on the arm’s length principle, avoidance provisions in the United which can lead to computation of guidance for its application and the Kingdom, the United States and other reasonable, fair and equitable profits methodology of applying the principle. countries that followed the trend, and tax in different jurisdictions and F u r t h e r , O E C D s u g g e s t e d presented a risk of double taxation for among entities in the group of approaches to avoiding transfer the taxpayer on the same income or companies pricing disputes.profits. The risk of double taxation - Protect the high of a country to

...continued

...to be continued

Sumit Kr. Dhanuka

article

SHUCHITA TIMES APR 20106

Online Advertisements:A New Way of Communication by the Corporate

Ad server market structure: words or phrases related to your business.

Given below is a list of top ad server vendors in 2008 with w Your ads appear on Googlefigures in millions of viewers published in a Attributor When people search on Google using one of your survey. keywords, your ad may appear next to the search VendorAd viewers results. Now you're advertising to an audience that's

already interested in you.Google 1,118wYou attract customersDoubleClick 1,079

People can simply click your ad to make a purchase Yahoo 362or learn more about you. You don't even need a web MSN 309page to get started -The Google will help you even if

AOL 156 you are not having the web page.Total 3,024

ØWhy It Works:It should be noted that Google acquired Double Click in

wTargeted reach2007 for a consideration of $3,1 Billion. The above

Now you can advertise to people searching on survey was based on a sample of 68 million domains. Google. Even if you already appear in Google's

Advantages of Online Advertising: search results, AdWords can help you target new The basic advantage of online advertising is that you can audiences on Google and our advertising network.reach your target customer easily. It means that when

wGreater controlyou are placing your ad on any of the website,

You can edit your ads and adjust your budget until particularly the search engine then in that case your ad you get the results that you want. You can also will appear only to those people who are searching the display a variety of ad formats and even target your information related to your product. This is know as the ads to specific languages and geographic locations.key word in technical terms, means your ad will appear

wMeasurable valueonly when the searcher is searching that particular KEY WORD, associated with your product. Moreover There's no minimum spending requirement or time according to the current scenario of the market, you don't commitment. And with the cost-per-click option, have to pay for every time your ad is appearing in front of you're only charged if people click your ads. This the target customer, but you have to pay only in that case means that every pound of your budget goes when that customer is clicking on your ad or link provided towards bringing new prospects to you.by you to connect with your business. The basic Cost and Payments: advantage of online advertising is that you can easily Concerned about costs? Don't worry - AdWords puts you target your targeted customers, it means that you can in complete control of your spending.choose to whom your ad should be shown and to whom it

s Set your budgetshould not be shown.There's no minimum For example - you are running a laptop company and you spending requirement place an ad on any of the given channel on Television, - the amount that you then you can not choose that which viewers should view pay for AdWords is up your ad and which should not. Moreover your targeted to you. You can, for customers may not be actually viewing the particular instance, set a daily channel on which you have placed your ad, but in online budget of five dollars advertising your ad will appear only to those customers and a maximum cost who are searching for the particular Key Word related to of ten cents for each your business, than only your ad will appear to him. click on your ad.Google AdWords:

sAvoid guessworkØHow It WorksWe provide keyword traffic and cost estimates so wYou create your ads that you can make informed decisions about

You create ads and choose keywords, which are

...continued

Rajat Singla

article

SHUCHITA TIMES APR 20107

Main Features

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sLocal and regional targeting today's era plays an important and a very economical Set your ads to appear only to people searching in a way used by corporate. By using this method, corporate particular city, region, or country. Now it's easy to are saving a lot of money as they didn't have to use any of target online customers within 20 miles of your front brand ambassador as well as not to pay too many hasty door or across the world charges as charged by the channels.

large part might be residual income certificates in effect, underlying the US accounting the market believes, though with no reliable precedent, standard. Originators are required that there will be no tax at the SPV level and the investors to estimate the fair value of will be taxed on their share of income. The scenario is, retained interests, and retained however, far from clear and the current thinking may be liabilities and apportion the short lived. carrying value of the asset in

proportion of such retained and Accounting Rulest ransfer red in terests . The The Institute of Chartered Accountants of India has come guidance note also makes a out with a guidance note on accounting for securitisation. reference to accounting for SPVs - Guidance notes are issued by the Research Committee without caring for whether the issuance of securities by of the Institute and are recommendatory rather than the SPV leads to a transfer of beneficial interest. Literally mandatory. But where a method is recommended, it is interpreted, the accounting rule suggests that assets expected to be followed, unless there are reasons not to. transferred to SPVs should stay on the balance sheet of The guidance note is a mix of FAS 140 and FRS 5 the SPV in all cases, which is neither the international approach. Generally, off balance sheet treatment is practice nor an understandable accounting rule.allowed, if risks and rewards are transferred. Gain on

sales is computed based on the components approach

SECURITISATION: THE UNDERLYING THEME OF BANKING SECTOR ...continued from page 4

SHUCHITA TIMES APR 2010

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Contribution and Opinion

8

? Nose prints are used to identify dogs, just like humans use fingerprints!

? The electric chair was invented by a dentist!

? 142857 is a cyclic number, the numbers of which always appear in the same order but rotated around when multiplied by any number from 1 to 6. 142857 * 2 = 285714 142857 * 3 = 428571 142857 * 4 = 571428 142857 * 5 = 714285 142857 * 6 = 857142?

? "Bookkeeper" is the only word in English language with three consecutive Double letters.

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by Arun Kumar & Madhu Kumari

CA FinalScanner (January 2010 Edition) --------- Scanner C.A. Final Gr. I (New Syllabus) 252.00 --------- Scanner C.A. Final Gr. II (New Syllabus) 286.00 --------- Scanner C.A. Final Gr. I&II (New Syllabus) 535.00

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order form/price listScanner (New Course July 09 Edition) --------- Scanner CS Prof. Prog. Module-I 56.00 --------- Scanner CS Prof. Prog. Module-II 87.00 --------- Scanner CS Prof. Prog. Module-III 73.00 --------- Scanner CS Prof. Prog. Module-IV 45.00Scanner (Old Course July 09 Edition) --------- Scanner CS Final Gr.I 140.00 --------- Scanner CS Final Gr.II 134.00 --------- Scanner CS Final Gr.III 154.00SolvedScanner (July 2010 Edition) --------- CS Foun. (Paper-1) Eng. & Bus. Com 123.00 --------- CS Foun. (Paper-2) Economics & Stat. 150.00 --------- CS Foun. (Paper-3) Financial Accounting 134.00 --------- CS Foun. (Paper-4) Ele.Bus. Law & Mgt. 158.00SolvedScanner (July 2010 Edition) --------- CS E.P.M-I (Paper-1) Gen. & Comm. Law 115.00 --------- CS E.P.M-I (Paper-2) Co. A/c Cost& Mgt 136.00 --------- CS E.P.M-II (Paper-4) Company Laws 202.00 --------- CS E.P.M-II (Paper-5) Eco. & Lab. Laws 160.00 --------- CS E.P.M-II (Paper-6) Sec. Laws & Comp 132.00Text Books --------- International Trade & World Trade 115.00

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INSPIRATIONAL STORY

SHUCHITA TIMES APR 2010

CS Foundation Programme CS Executive Programme Module

Features :Questions are arranged according to the subject/topics in ascending order of Exam/yearAnalytical classification of every Chapter in categories of Short Notes, Distinguish Between , Descriptive Questions, Practical Problems and Objective Questions."{(C)}" for Compulsory Questions100% Correct answers of Practical ProblemsReply paid envelop for Appendix and one issue of free Shuchita TimesList of Repeatedly asked QuestionsBlank space for revision points

CS Foundation :Paper 1 English and Business Communication Rs. 98.00

Dr. Arun Kumar, Parul Bhargava and Nitin BhargavaPaper 2 Economics & Statistics Rs. 101.00

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Dr. Arun Kumar and Parul Bhargava andNitin BhargavaPaper 4 Elements of Business Law & Management Rs. 112.00

Dr. Arun Kumar and Parul Bhargava and Nitin BhargavaCS Executive Programme Module :

Paper 1 General & Commercial Laws Rs. 98.00 Dr. Arun Kumar & Shivani Shrivastava

Paper 2 Company Accounts & Cost and Management Accounting Rs. 171.00 Dr. Arun Kumar & Himansu Shrivastava

Paper 4 Company Laws Rs. 176.00 Dr. Arun Kumar & Himansu Shrivastava

Paper 5 Economics & Labour Laws Rs. 137.00 Dr. Arun Kumar & Garima Garg

Paper 6 Security Law & Compliance Rs. 95.00 Dr. Arun Kumar & Rajiv Kumar

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11

In 1962, four nervous young musicians played their first record audition for the executives of the Decca recording Company. The executives were not impressed. While turning down this group of musicians, one executive said, "We don't like their sound. Groups of guitars are on the way out." The group was called The Beatles.

In 1944, Emmeline Snively, director of the Blue Book Modelling Agency told modelling hopeful Norma Jean Baker, "You'd better learn secretarial work or else get married." She went on and became Marilyn Monroe.

In 1954, Jimmy Denny, manager of the Grand Ole Opry, Fired a singer after one performance. He told him, "You ain't goin' nowhere....son. You ought to go back to drivin' a truck."

He went on to become Elvis Presley.

When Thomas Edison invented the light bulb, he tried over 2000 experiments before he got it to work. A young reporter asked him how it felt to fail so many times. He said, "I never failed once. I invented the light bulb. It just happened to be a 2000-step process."

In the 1940s, another young inventor named Chester Carlson took his idea to 20 corporations, including some of the biggest in the country. They all turned him down. In 1947, after 7 long years of rejections, he finally got a tiny company in Rochester, NY, the Haloid Company, to purchase the rights to his invention -- an electrostatic paper-copying process. Haloid became Xerox Corporation.

So friends, when you face adversity, are you going to allow it to break you or make you? It's your choice!

health

SHUCHITA TIMES APR 2010 12

One of the problems frequently occurring in the present- the eyes to reduce puffiness. Do not freeze the day world is tired eyes. Along with puffiness around the spoons. eyes, a person also suffers from heaviness in the head. s Another effective method would be to dip cotton balls With increasing demands and pressures at workplace as in tea water. Place the cotton on the eyelids and well as home, people today frequently experience tired leave it there for sometime. eyes. Though not a very serious ailment, it needs to be s Take a cucumber and cut it into slices. Place the treated on time, lest it damage the vision completely. If sliced cucumber on your eyelids, to get relief from left untreated, tired eyes can result in blurred or double the puffiness. vision. s An effective option would be to wash the eyes Causes: regularly with cold water. This would help the eyes " Allergy relax and also remove any kind of tiredness. " Eyestrain" Fatigue" Conjunctivitis" Inadequate sleep" Excessive crying" Inadequate oxygen supply to the cornea" Pollution" Extended use of computer or video monitor" Reading for extended periods" Exposure to bright light or glare" Straining to see in very dim lightSymptoms:" Heaviness in eyes

s In a small bowl of cold milk, dip a cotton ball and " Burning sensationplace it over the eyelids. This would remove all the " Irritation in the eyespuffiness. " Redness of the eyes

s In a bowl of water, add a few drops of lavender oil. " Sore eyesSoak a cotton ball in this and place it over the " Itchinesseyelids. " Watery eyes

s Soak a cotton ball in a bowl, containing water, and a " Dry eyesfew drops of perfume. Keep the soaked cotton on " Blurred or double visionyour eyelids, for a few minutes. " Headache

s Place a strawberry, kept in the refrigerator for a few " Sore neckminutes, on the eyelids. This will be beneficial in " Increased sensitivity to lighttreating tired eyes. Home Remedies:

s Boil 2 cups of water. In it, add a small amount of boric s One of the simplest home remedies for tired eyes acid. Once cooled, use the solution to wash the eyes would be to place two spoons in the freezer. Take for quick relief. them out when they are cold and place them under

Keep Your Eyes Fresh

By : CA Dilip Badlanio A quick revision tool. o Pocket size & easy to carry.o Arranged topic wise. o Encompassing all Q-A Typeo Answers readily available on reverse side. o Glossary of terms.o Easy to get all the time.

Price: Rs. 50/-

REVISION CARDS for CPT

SHUCHITA TIMES APR 2010

THE DAYS AHEADForecast for Students (As per moon sign)

Personality shall be impressive. Father shall be supportive. Gainful time for computer students. Mind shall function sharply. Children shall bring happiness. Chances of travel. Lemon shade to prove auspicious while red is to be avoided. Worship lord Vishnu for happiness.

Forecast by Mrs. Rashmi Bhargava, M.Sc. (Botany), Hastvigyanshri from the Institute of Palmistry, Greater Kailash, New Delhi, and a renowned palmist, astrologer, color/gem therapist, and numerologist from Allahabad.

Your personality shall charm others. Good time for students of computer and management. Friends shall be co-operative. Chances of foreign travel. Wear maroon to overcome difficulties in decision making. Avoid wearing light green. Worship lord Hanuman for peace and prosperity.

Shall get lot of happiness. Shall feel s t r ong f r om w i t h i n . Avo id extravagance and keep check on your speech. Good time for those pursuing UG/PG courses in education. Safeguard against cold. Wear more of pink and avoid white. Regular reciting of Bajrang Bann shall improve concentration in studies.

Auspicious time for buying vehicle. Time favorab le for get t ing government job. Take care of your mother's health. Do not trust anyone blindly. Betrayal likely. Interest in religion to grow. Light blue shades likely to be auspicious. Avoid brown and seek blessings of lord Shiva.

Success likely in examinations. Auspicious time for students of F a s h i o n Te c h n o l o g y a n d Architecture. Shall get mother's support. Depression likely. Worship Sun and wear more of purple to overcome the same. Avoid wearing black.

Time very favorable for students of Commerce and Management. Chances of settlement of marriage for the marriageables. Spouse shall be a source of happiness. Safeguard against skin trouble. Expenses likely to increase. Blue color shall be auspicious while white needs to be avoided. Recite Hanuman Chalisa daily for peace and happiness.

Chances of getting government job. Fame for those connected with politics. Take care of younger sibl ings. Safeguard against stomach disorder. Speech shall remain polite and fame likely for those in the fields of singing and acting. Pink color shall be auspicious while brown is to be avoided. Worship lord Vishnu for peace and happiness.

APRIL

Aries Taurus

Leo

Trave l l ing can be ga in fu l . Auspicious time for purchasing land and vehicle. Mind shall function sharply. Avoid arguments with the spouse. Keep check on your s p e e c h . F o r i m p r o v i n g concentration, wear pink and cream shades. Avoid white color. Worship Hanumanji for happiness.

Shall get co-operation from friends. Mind shall function sharply. Time favorable for getting government job. Good time for those connected with engineering and printing. Drive carefully. Green shall be your auspicious shade while brown is to be avoided. Worshipping lord Bhairon can be helpful.

Gemini

Cancer Virgo

Libra Scorpio Sagittarius

13

tHE DAYS AHEAD

SHUCHITA TIMES APR 2010

Dear Sir / madam,

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Attention Coaching Institutes50% Discount on Library Purchase

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Shall get ample support of parents. Ausp ic ious t ime fo r those connected with teaching and politics. Chances of travel. Take care of spouse's health. Profits for those dealing in foreign trade. Cream shade shall be auspicious while red is to be avoided. Advised to worship lord Bhairon.

Auspicious time for settlement of marriage for the marriageables. Siblings shall be co-operative. Chances of sudden travel. Enemies shall stand defeated. Those afflicted by bone related problems to take special care. For improving concentration students should eat red tomatoes daily. Maroon shall be your favorable shade and brown is to be avoided. Advised to worship lord Kartike

Chances of getting into government employment. Children shall get happiness. Auspicious time for legal practitioners and those in the field of singing. Fame for politicians. Do not finalize marriage and postpone such negotiations by a month. Safeguard against cold. B l u e s h a d e s s h a l l p r o v e auspicious. Avoid red. Worship lord Shiva for peace and happiness.

Capricorn Aquarius Pisces

Dr. M. P. GuptaDr. B. M. Agarwal

:

:

Accounting Gr.I Rs. 454/-Advanced Accounting Gr.II Rs. 467/-

IPCC Gr. I & II

14

book sellers

SHUCHITA TIMES APR 201015

Agra: The Book Centre, 2857825 ,2157825,2267719; Govind Book Agency, 2526134, 2854577; Manav Book Distributors, 6545883; Ahmedabad: Mahajan Book House, 25356031,55445805; Vidyarthi Book Depot, 22132988,22535464; Atul Book Agencies, 22141133,22160475, 9328201377; Hardik Book Agency, 22148725,2110043, 9376329209, 9904659821; Sagar Book Centre, 25354250,25353351; Sagar Book Centre, 25354250,25353351; New Zaveri Book Centre, 25357232,55451414, 9825782902; Karanwati Law House, 26578319,2657629, 932 Sanket Law Book Centre 7008283; Gandhi Law House, 26587666, 9825246364; Sanket Law Book Centre, 26442364,30022364; Patel Book Agencies, 25324741, 9898184248; Friends Book Agency, 9426170961; M B H Books, 267663668, 09824288910 Ajmer: Book Point, 2002122, 2625192, 9929769398; Indian Book Depot, 2620122,2623035,2423025; Dayal Book Depot, 2425616, 9414212785; Allahabad: Friends Book Depot,2461221,2623467; Universal Book Company, 2623467; New Bhargava Book Seller, 3298734; Darshan Book Depot; Sharda Pustak Bhawan; Ma Jagdamba Book Palace; Prayag Pustak Bhawan, 2460028.2461505,2501745 Darshan Book, 9415059911; Shyam Jee & Sons, 402331; Bhagwan das & Co; Populor Book Stores; Student Book Center; Student Book Depot; Allahabad Book Centre, 2623468,2427636,2423121; Kitab Mahal, 9935140918; Prayag Law House, 2659856, 983943823; Alwar: Sri Ram Book Depot, 2346382, 9414016152; Vijay Book Depot, 9414016405; Ambala: Professional Book Depot, 2631610, 9896094647; Amritsar: Kasturi Lal & Sons, 2555800,2542270,2544491, 9417260333; Ahuja Book Depot, 2548105,2546478,2548105, 9316097495; Asansol: Anand Pustak Bhawan, 2305909,2308742; Students Corner, 943487778222166245; Aurangabad: Chhaya Book Centre, 2348245,2351297; Gyanodya Prakashan, 2554210, 9881877126; Bangalore: Gangarams Book Bureau, 25587277,25588015; Subhash Store, 22216624; Sapna Book House (P) Ltd; 40114455,22269648, 9448204023; Sudha Store, 22216177; Archana Book House, 22217959, 9901695502; Puliani & Puliani, 22265500,22254052, 9845055242; Vasantha Book House, 22216342,65977408, 9845549001; Ganesh Book Bureau, 25551145, 9845266516; Sri Book World, 26608965,22424904,4120567, 9448260690; Book Palace, 22440972, 9900778972; Bareilly: Competition Book House, 2474853, 9897529906; Competition Book Centre, 2304896,2413119, 9917133119; Belgaum: Kamath Book Stall & Stationer, 2486227,4207260, 9448920932; Bhagalpur: Sanjay Book Store, 2424830, 9431214678; Kora Kagaj, 2421322, 9939877099; Bhillai: Student Stores, 2353036, 9893130334; Anil Book Depot, 2224250; Professional Carrier & Computer, 4012438, 2351861. 9425557979; Bhilwara: Sarashwati Store, 221402,250033, 9414115033; Shubham Book House, 235433, 9887572735; Manish Stationery, 239894, 9460579894; Bhopal: Shri Vishwa Prakashan, 4221458; Lyall Book Depot, 2543624; Arunodya Prakashan, 4220741, 9425013082; Avani Book House, 4202205,9893369706; Nuper Law House, 2572741,2577088, 9826246429; Law Point, 9826649644; Book Paradise, 9302376140; Bhubaneshwar: Padmalaya Book Seller, 3292159,2399922, 9437026922; Bikaner: Goel & Co; 2543825, 9414138883; Chandigarh: Universal Book Store, 2706186,2702558, 2382403; Shivalik Book Centre, 5071240, 2724768, 9814202168; Variety Book Stores, 2702241 5012407; Pandey Book House, 2711093, 9779812714, 9818524560; Mohindras The Book Shelf, 5087686,4655399, 9872889970; Sri Ram law House, 2709277//9815586660, 9815844552; Rohilla Book Store, 5012767; Chennai: C Sita Raman Book Co; 28111516,28117069, 09841011516; Madras Book House, 24341416; Ravi Book House, 24941751, 4617090; Chintamani Book House, 24336784, 9842266213; National Book House, 28440252,52157122,2844133; Gautam Book Centre, 24315857,65553411, 9962378809; Book Palace, 28442322,28445783, 9962526263; Jayanthi Book Distributor, 24323165,24323136, 9841967776; Coimbatore: V. Angamuthu, 2211585,6576421,2301136, 9443383047; Cheran Book House, 2396623, 9942491545; Cuttack: A.K.Mishra Agencies (P) Ltd; 2322244.2322255,2322266, 9437025991; Dehradun: College Book Store, 2626775; Ramesh Book Depot, 2653637, 9412058873; Delhi, New Delhi: Surjeet Book Depot. (S), 23942124,23915967, 9350976543; Kisan Lal & Co, 23910301; Diamond Book Stall, 65434623 .23240304, 9810132622; Agrawal Book Centre, 23274775 ,23282597, 9211002668; Sahi Book Depot, 25992284,259912284, 9811481238; Pooja Law House, 23379103,23370152, 9350042870; Lamba Book Shop, 43025424, 2243958, 9910850935; Lamba Book Depot, 25934577, 9899314254; Toppers Law House, 9213123288; Agrawal & Sons, 23843891,23843892, 9868163891; Agrawal Law House, 23378249,23370861, 9818113759; Sanjay Book Depot, 23261916, 9811671893; Budaniya Book Shop, 22051538 , 22046504, 9810174248; Ganesh Das Malhotra & Sons, 23261921, 9891119743; Durga Electrostat, 23370544, 9818777120; D. P. Law House, 22448790; Madan Book House, 65248484, 9811661441; Pathak Publisher & Distributor, 26047013, 9818085794; Singhaniya Books & Stationery, 9213168238; Janta Book Depot Pvt. Ltd., 23363685,23364685; Star Law House, 9213516253; Usha Book Depot, 45614814, 9871144035; G Lal & Company, 27128641, 9811034036; Eduex, 25050428, 9312223087; Jain Book Agency, (Haus Khas), 26566113,26567066,41758700,(Karol Bagh), 47528979, 42542652,28726165; Dhanbad: Book House, 2303192; Dhanbad Book Store, 2312024, 9835394427; Book Karner, 9835934963; Ernakulam: Orient Book House, 2370431, 9847770749; Law Book Shop, 2397895,2398484, 9447768991; Etawah: Radhika Stationery, 9412528939, 9258207012; Gorakhpur: Vidyarthi Pustak Mandir, 2335002, 9415284442; Discount Wholesale Book Seller, 2347847, 9838925118; Guntur: New Student Book Centre, 0863 – 2233332; ; Guwahati: Book Land, 9864508257, 9864091521; Books And Gifts, 2633860,2592969,2592763; Gwalior: Kitab Ghar, 2371019, 9425113174; Pustak Prakashan, 3261158; Grower Law House, 2322907,4077533, 9893393605; Gurgaon: Jain Book Agency, 4143020,4143019,4042665, 4232615; Kundan Book Depot, 2328791; Haridwar: Hansa Stationers, 227623, 9412073894; Dimond Stationers, 252043; Laxmi Book Depot, 228439, 9760033004; Hubli: Books & Books, 2265199 ,2250798; Hyderabad: Raj Kamal Book Centre, 24756064,24754671; Neel Kamal Book Centre, 24757197,24757140,2475794; Universal Book Centre, 9989864362; Raja Laxmi Book Depot, 66827362,55827362, 9849025306; Dachenapalli Book Centre, 24757481, 9290267860; Asia Law House, 24608000, 9829056461; Radiant Book House, 66730677, 9246572694; Sujatha Law Books, 24753947, 9866086422; Sri Nath Book Centre, 66624743, 9336578135; Indore: Shiv Shakti Book Centre, 4053734,2459956, 9425063647; Suresh Brothers, 5054588, 9827221990; K. Bhooshan Book Seller, 4053531; Mahavir Competion Book House, 4053618,2431251, 9827578758; Jain Brothers, 4054839, 9926636333; Chelawat Book Depot, 4299246,2540311, 9926500362; Progressive Legal Agency, 2526674, 9425319567; Kamna Book Centre, 4053017; S. P. & Sons, 2451937; Jabalpur: Universal Book Service, 2480591,2419610; Akash Pustak Sadan, 2403099, 9827286020; Vinay Pustak Sadan, 2411194, 9300126517; Jaipur: Shiv Book Depot, 2316523, 9829024198; Mehta Pustak Bhandar, 2577431,2571825, 9828248153; University Book House, 2314227,2311466,2313382, 9983075242; Paras Book Depot, 2321889, 9828143395; New Sharma Pustak Bhandar, 2571627,

book sellers

SHUCHITA TIMES APR 2010 16

9461628380; Jain Book Depot, 2317912,2700068, 9314935585; Mehta Book House, 5177409; Jain Law House, 3242391, 9828332385; Jalandhar: Pioneer Book Shop, 2404713, 9872112892; Jalgaon: Sumangal Book Center, 9890048374; Nave Brothers & Sons, 9422771507; Jamshedpur: Agrawal Book Store, 2424849, 9431303003; Sharda Book Depot, 2435348,5575553, 9431566455; Jodhpur: Singhal Book Co; 2626797, 9460589979; Book World, 2640210,2653970,3255130, 9829088088; Prakash Law House, 2627658, 9414132658; Kanpur: Kishore Book Sellers, 9839034527; Jain Brothers, 2292393,2540896, 9839704638; Kishan Book Depot, 2350369, 9336201958; The Book Shop, 2295415,2550999, 9935028681; Sanjay Book Depot, 2356125, 9336226210; S K Y Book Shop, 9838505326; Karnal: Vase Book Depot, 9896157755; Kochi: H & C Store, 2375649, 9447496692; Swamy Law House, 2366285; Law Book Centre, ,2362456,2384949, 2371678,9447144349; Surya Book House, 2363721,2537934, 9847124217; Cosmo Books, 2353818; Kolhapur: Phadke Book Sellers, 2540875, 9422582614; Granth Book World, 2535355,5689858, 09326485133; Kolkata: Das Gupta & Co. (P) Ltd; 22414609; International Book Trust, 22414947; C. Chatterjee & Co. Ltd; 22416425; National Book Store, 22417442,22419248; Allied Book Distribution, 22417785; S.K. Enterprises; 22415681, 9432236815; Biswas Book Stall, 22418031, 9903547423; Law Point, 30223421,22420089, 9433095401; Bijay Pustak Bhandar, 2382391,32940161, 9331029833; Tarkeshwar Book Stall, 26941702,22197503; Every Book, 22418590,22194699, 9830162977; Book Corporation, 22205367,22306669, 9331214646; S.K. Traders, 22190782; Swastik Books, 28610375,22436010, 9433291507; Dutta Book Stall, 9830564494; Shiv Raj Book Agencies, 22411930, 9836850838; Kollam: H & C Kollam, 2765421; Kota : Vibhav Book Depot, 2380848; Student Book Depot, 2381027,2326704; Agrawal Book World, 2422222, 9785121787; Kottayam: Book Centre, 2566992; H & C Store, 2304351; Kozhikode: TBS Publishers Distributors,2720085,2721414,2720086; Lucknow: Rama Book Depot, 4013299,6528849,2624836; Universal Book Sellers, 2624135, 3919708,2625894, 9839020290; National Book Sellers, 2274129, 9839191254; Vishal Book Centre, 6536841,2612341, 9415005435; Books & Books, 2281417.4005415, 9415409530; Shukla Book Depot, 2621897; Arora Book Centre, 2274366,2612618, 9919755150; Modern Law House, 3010940,2202299, 9335351103; Chitra Book Depot, 9935329793; Ludhiana: Krishna Book Depot, 2726268; Lyall Book Depot, 2274556, 2760031; Bala Ji Book Shop, 9872344717; Amit Book Depot, 5022930,5522930, 9815323429; Madurai: Malligai Book Centre, 2341739; Bama Law Enterprises, 2349801, 9842165736; Mangalore: School Book Co; 0824- 2496938,2496926; Mathura: Agarwal Pustak Bhandar, 2500574,3292210; Meerut: R.Lal Book Depot, 2643623,2691505,2666235, 9837025253; Loyal Book Depot, 2663378; Moradabad: Rama Book Depot, 2310394; New Rama Book House, 2231175, 9837114005; Mumbai: Pragati & Co; 22080654,22053885; Student Book Depot, 23853708,3002378,69563708; Student Agencies (India) Pvt.Ltd; 40496161,40496131,2351333; Universal Book Corporation, 22050629,22014080,2207809; Madhu Book Depot, 24024369,24023675; Book Emporium, 28203894; 9820651516; Jaina Book Agency, 22012143,22018485, 9821040615;Layers Choice, 22824498; Shanti Book Store, 24010275; Book Point, 26200876, 24458424, 9422331855; Vidyarthi Book Depot, 23858828, 9820930375; Vimal Book Centre, 26141958; Sri Ganesh Book Centre, 28052003, 28051251; Thakur College Book Centre, 28851155,28851540, 9322335186; Student Book Center, 22080668, 22050510, 09820139068; The Book Shop, 26182420,26132213, 9869167464; Dharma Enterprises, 64512196,22611760, 9869000651; Muzaffarnagar: Rastogi &Sons, 2607876; Mysore: Sauharda Book Store, 2424394, 9844286838; Sri Saraswati Book Depot, 2432990; Nagpur: Vidarbha Book Distributors, 2524747; Central Book Stall, 2526191,2557838; Venus Book Centre, 2520781,2536314; Shanti Law House, 2438647,2542538,2460698, 9423051947; Pioneer Books, 2454864.5614663; Nasik: Rahul Book Centre, 2599608, 9881845022; Rathi Agencies, 2461603, 9822306289; Anmol Book Service, 2505501, 2503449, 9325362413; Noida: Delta Stationers, 2550643,2550643, 9818189817; Palakkad: Santha Book Depot, 2545554,2544553; Patna: India Book Centre, 3295213,2670681, 9431022986; Niranjan Pustak Sadan, 2670498,2650498; Hind Book Depot, 3261099, 9431088781; College Book Store, 9334418878; Amit Book Depot, 2686601; Malohtra Books, 6410765,2230566, 9308090536; Brilliant Book Centre, 9334103620; Pune: Pragati Book Centre, 66017784,24458887,6602085, 9890822259; Goel Book Agency, 24453267; Varma Book Center, 24456525, 9423585703, Ajeet Law Book Depot, 24451546,24034697, 9850954972; Hind Law House, 24453920, 24456535; Enbee Law Book Agency, 24458424, 9423576852; Yashashree Enterprises, 9850580974; Rajesh Low Book, 24242717, 9422303528; Adarsh Book Agency, 24497435, 9881394953; Raipur: Central Book House, 2234150 ,4282091, 9406066308; Rekha Book Depot, 2535169, 9826456120; Ajay Book Depot, 2533065,4064143; R. B. Traders, 4099521; Rajkot: Bharat Book Store, 2584685,2765148; Ranchi: Crown Book Depot, 2203275; Singhai Brothers, 2213653, 9430790656; Lohiya Granthalaya, 2306631,2200896, 9431174851; Agrawal Books, 2205162; Agrwal Book Distributor, 2214904, 9835142337; Malhotra Book Agencies, 2317551 & 2202769, 9835680343; Rohtak: Manish Traders, 09812255687; Rourkela: Legal Stationers, 9437192326; Saharanpur: Munjal Book Depot, 3203344, 9897400390; Salem: S. K.B.Book Shop, 2452579; Sambalpur: Book Point, 9438678760; Satna: Sarangi Devi & Co; 404814,416560, 9993473293; Secunderabad: A-1 Book Centre, 27703533, 9391133743; Shraddha Book Depot, 27702686; Siliguri: Teacher Book Stall, 2529679, 9434001639; Surat: Popular Book Centre, 2464076, 2474165, 9825519001; Sri Gajanan Book Depot, 6553761, 9879740059; Gajanan Book House, 2654921, 9824486776; Pulsor Book Store, 9228418123; Westan India Book Corporation, 2478116; Thane: Laxmi Book Depot, 25367371,25414859, 9833218159; Tirupathi: Sudha Book House, 2220771, 9849256796; Trichur(Thrissur): Vidya Bhavan Book Stall, 2335269; Cosmo Books, 2335692,2335642, 9846235292; Trichy: Agasthiar Book Depot, 2700061, 9443370061; Trivandrum: Vinayaka Book Stall, 2474358,2464590; Prabhus Books, 2478397; Acadamic Book House, 2331878,2333349,2331850; Sraddha Book Centre, 2474670, 9447075763; Udaipur: Popular Book Store, 2529004,2482697,2200322; Rawat Book & Stationery, 2421375,3091350,42421375; Ujjain: O. K. Book Depot, 2513418; Vadodara: Hemdip Agencies, 2422603, 9825094794; Bindoo Book Stall, 2424079; The Allied Store, 2427887,5544882; Book Bank,2429811; Allies Book House, 2427887; Pragati Law Agencies, 2333205, 9825117132; Varanasi: Vishwavidyalya Prakashan, 2413741,2413082,2413082; Varansi Law Agencies, 2275467, 9838675658; Book Man & Co; 2420312,2404495,2454495; Hum Safar Book Center, 9839477485; Vijayawada: Deccan Law House, 6616242,2576242, 9848532127; Supreme Low House, 0924647280; New Student Book Centre, 2572211; Visakapatnam: J B D Educational (p) Ltd; 6645757,6645858, 6666064; Gupta Brothers Books, 2754454.

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