Chittai.com – is a web application (demo for now ) that has been developed to run Chit Funds in United States. This application has been submitted for Software development competition held by PayPal in United States. You can cast your vote ( before March’ 05, 2010 deadline) in favor of this application, so that Chit Funds can evolve in United States and benefit lower-income and middle-income group of United States.
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What are Chit Funds ? – Financial Instrument
Chit Funds is a 1000 years old financial instrument intimately connected with millions of people in developing countries. Chit Funds is in practice in India, Central African countries, China, Pakistan and other south-east asian countries. Chit Funds is popular among the low-income group, self-employed and salaries class. A study by the institute for financial management and research (IFMR) has found chit funds prove to be successful providing an innovative access to finance for low income households. Study was conducted in India. Study was funded by Bill & Melinda Gates Foundation.
‘Baby’ Rolls-Royce 200EX
Rolls-Royce, has released pictures of a baby Rolls, the 200EX, on which the next production model, known as RR4, will be based.
Rolls Royce 200EX is the smallest vehicle Rolls-Royce has produced in many years. The RR4 is expected to be priced significantly lower than any other Rolls-Royce models.
Check out the pics here
Academy Awards – The Oscar Statuette Secrets
Do you know during World War II, when metals and other materials were scarce, the Oscars were made of plaster.
Here are more inside about Oscar statuettes
Trophies are around 8.5 pounds of metal.
Oscar is 13.5 inches (34 centimeters) tall.
Oscars statuettes are molded, polished and buffed by workers at R.S. Owens & Company
List of Japan’s 40 Wealthiest People
Japan’s 40 Richest
According to Forbes, even the soaring yen couldn’t pull up the fortunes of Japan’s richest people.
Japan’s retail tycoon Tadashi Yanai tops the list and he is now worth $6.1 billion and has moved up to No. 1 from No. 6 last year, becoming the fifth person in as many years to take the top spot in Japan.
Japan’s 40 Richest are now worth a combined $69.5 billion. The year’s richest newcomer is Internet entrepreneur Yoshikazu Tanaka.
OK, Here is the Japan’s 40 Richest
World’s Most Competitive Countries
Despite global market turmoil, many of the same countries, including the U.S., remain atop the World Economic Forum ranking in 2008
The annual study from the Geneva-based World Economic Forum (WEF) assigns a score to a broad range of criteria affecting economies’ business climates. It then categorizes them into 12 “pillars,” including the size and efficiency of markets, innovation, infrastructure, business sophistication, and the quality of health and education.
Of the record 134 countries surveyed this year, the majority at the top of the list remain European, while the U.S. continues to hold on to the No. 1 spot and Canada squeezes into the top 10.
Here is the Top Countries in Global Competitiveness
No. 1: U.S.
Market Size: 1
Innovation: 1
Education/Training: 5
No. 2: Switzerland
Market Size: 37
Innovation: 3
Education/Training: 7
No. 3: Denmark
Market Size: 46
Innovation: 10
Education/Training: 2