Prepaid VISA CREDIT CARD

Prepaid Visa Credit Card is the best alternative to cash and cheques. It is actually a "Credit Card Without Debt". Prepaid Visa Credit Card is powered by the customer's own money and whatever amount of funds is loaded to the card; is the amount available to spend. So, there is no risk of running into debt.
Benefits of Prepaid Visa Credit Card
Holders of Prepaid Visa Credit Card are not required to carry hard cash. They can make purchases with the Prepaid Visa Credit Card. Cardholders also enjoy anytime access to cash through ATMs.
Using Prepaid Visa Credit Card is quite safe as the purchases at the merchant location by the Prepaid Visa Credit Card is protected by Cardholder's signature and access to cash at ATMs is protected by PIN.
For having a Prepaid Visa Credit Card no Bank Account is required. So, for the people who don't have a Credit History or a Bank Account, Prepaid Visa Credit Card is the only convenient alternative to carrying cash.
Prepaid Visa Credit Card helps people in controlling their Financial Budget more efficiently. This happens because the Spending Ability of the cardholder is limited by the amount of funds that has been loaded to the Prepaid Visa Credit Card.
Prepaid Visa Credit Cardholders get Itemized Statements for the transactions done using the Prepaid Visa Credit Card. They can also check the transaction details online. So, as a result they can track and monitor their card expenses and can control the spending as per requirement.
Holders of Prepaid Visa Credit Card can purchase groceries, fuel and all other necessary things which are required on a daily basis.
Cardholders can also make online payments and payments over phone using Prepaid Visa Credit Card.
Prepaid Visa Credit Cardholders get protection against unauthorized usage of the card in case the card is lost or stolen.
Card Replacement Facility is available in case of Card Loss or Card Theft.
All these benefits are can be enjoyed at the cost of different types of fees associated with Prepaid Visa Credit Card. The charges that a Prepaid Visa Credit Cardholder is required to pay are:
Card Application Fee
Monthly Service Charge
Card Replacement Fee
Card Renewal Fee

To get more detailed information on Prepaid Visa Credit Card one can browse the sites like creditcards.com and bizjournals.com.

ViewSonic bump up HD 1080p Series LCD monitors

ViewSonic Corp. launched its latest Full HD 1080p series of LCD monitors for the Indian market. Combining cutting-edge technology, performance and style ViewSonic's Full HD Series includes 22-inch LCD Monitors - VX2260wm, VX2233wm and VA2213wm – that complete live environment personal media centers and are ideal to meet consumers’ need for a pure visual ecstasy. With advanced technologies such as Full HD 1080p resolution for crisp text and precise graphics, SRS WOW HD sound technology for crystal-clear audio and a true HD widescreen that lets you work faster and play harder, ViewSonic’s VX2260wm revolutionizes desktop performance with HDMI and DVI-D with HDCP connectivity.

Elevating work, play and entertainment, the innovative 22-inch VX2260wm has high brightness and super-fast 2ms video response time in addition to an ultra-high 20,000:1 dynamic contrast ratio providing consumers with rich, colourful, superb image quality that enables them to play HD games and view HD content in their native format – no stretching, no blurring, just pure performance. Features, such as integrated stereo speakers with SRS WOW HD stereo sound extend the speaker frequency range, delivering better response and sound performance that completes the multimedia desktop experience and make it the LCD of choice for the discriminating gamer or professional who demands the best in image and performance.

The 22-inch VX2233wm and VA2213wm 16:9 widescreen displays deliver elegant style and come with an ultra-high 18,000:1 dynamic contrast ratio that produces greater detail and definition especially in darker images ensuring a better overall front-of-screen performance making them the ideal choice for home and small office users, students, gamers and corporate professionals.

The Full HD Series also comes with 1:1 mapping between the signal and display which provides the best image quality for both HD video and HD game playing. In addition, the 16:9 ergonomic, special screen ratio creates an extremely comfortable viewing environment that protects users’ eyes and prevents them from feeling tired.

All of the LCD monitors in ViewSonic's Full HD 1080p series have manual aspect ratio adjustment capabilities that ensure a full, undistorted screen image by maintaining correct image proportions for both widescreen and native 4:3 content. Not only that all three multimedia monitors come with an invisible environmentally-friendly Eco-mode that reduces power consumption and extends the backlight life, conserving power when not in use.

Rs. 30000 crore aid by Government to boost economy

The Government on Sunday announced a Rs 300,000 crore ($60 billion) package to boost the economy with specific measures for various sectors and contain the impact of the global financial crisis on India.

The amount is to be spent over the remaining four months on a host of areas and stake holders such as exporters, housing, infrastructure and textiles. A four-percent cut in Value Added Tax has also been announced to help the corporate sector in general.

"The Government has been concerned about the impact of the global financial crisis on the Indian economy and a number of steps have been taken to deal with this problem," an official statement said, unveiling the package.

The measures come a day after the Reserve Bank of India reduced its key rates and eased the norms for accessing overseas funds to reduce the cost of borrowing for commercial banks and signal them to lower interest rate for India Inc.

These measures were overseen by Prime Minister Manmohan Singh himself, in consultations with now Home Minister P Chidambaram, Planning Commission Deputy Chairman Montek Singh Ahluwalia and Commerce Minister Kamal Nath, officials said.

As a first step, the Government will seek Parliament's mandate for an additional allocation of Rs 200 billion to take the authorised plan and non-plan expenditure to Rs.3,000 billion in the remaining months of the fiscal. Parliament session is slated to open Dec 10.

“The economy will continue to need stimulus in 2009-2010 also and this can be achieved by ensuring a substantial increase in plan expenditure as part of the budget for next year,” the statement said.

The measures for exporters, who saw a decline in shipments in October for the first time in five years, include an interest support of two percent for labour intensive sectors like textiles, handicraft and handloom.

This apart, additional allocation has been made towards various incentives for exporters, guarantee of export credit, full refund of service tax to foreign agents and refund of service tax under the duty drawback scheme.

Instructions have also been given to state-run banks to unveil a scheme under which borrowers for houses under two categories—up to Rs, 500,000 and up to Rs.2 million—will get special incentives.

“Housing is a potentially very important source of employment and demand for critical sectors and there is a large unmet need for housing in the country, especially for middle and low income groups,” the statement said.

For small and micro enterprises, the limits under the credit guarantee scheme which gives access to working capital and other financial needs, have been doubled to Rs.10 million.

The lock in period for loans covered under the existing credit guarantee scheme is also being reduced from 24 to 18 months to encourage banks to extend more loans under the credit guarantee scheme, the statement said.

The government has also authorised the India Infrastructure Finance Co Ltd (IIFCL) to raise Rs.100 billion ($2 billion) through tax-free bonds to support financing of government-financed infrastructure projects.

“These funds will be used by IIFCL to refinance bank lending of longer maturity to eligible infrastructure projects, particularly in highways and port sectors.”

In a push to the automobile sector, government departments have been allowed to replace vehicles within the allowed budget, with a major relaxation in the time-consuming procedures.

This apart, import duty on naphtha for use by the power sector is being reduced to zero, while export duty on iron ore fines will be eliminated, and reduced to five percent for lumps.

“The government is keeping a close watch on the evolving economic situation and will not hesitate to take any additional steps that may be needed to counter recessionary trends and maintain the pace of economic activity.”

Fiscal stimulus package worth Rs.20000 crore announced

The government today has announced a fiscal stimulus package worth Rs 20,000-crore. Prime Minister, also the incumbent Finance Minister, Dr Manmohan Singh announced this package in New Delhi who had earlier today cut short his Kolkota visit.

In a release on the press information Bureau website, it stated, "The Government has been concerned about the impact of the global financial crisis on the indian economy and a number of steps have been taken to deal with this problem". Yesterday, the Reserve Bank of India in the wake to increase liquidity in the market had announced a 100 basis points cut in the repo and reverse repo rate.

"In order to provide a contra-cyclical stimulus via plan expenditure, the Government has decided to seek authorisation for additional plan expenditure of up to Rs 20,000 crore in the current year. In addition, steps are being taken to ensure full utilisation of funds already provided, so that the pace of expenditure is maintained, " the government's release stated. "The economy will continue to need stimulus in 2009-2010 also and this can be achieved by ensuring a substantial increase in plan expenditure as part of the budget for next year".

This fiscal stimulus package is primarily aimed at lending greater support to exports, housing, MSME (micro, small and medium enterprises) sector, textile, infra financing sectors; and also contains a cut in the cenvat rate and eliminates certain import and export duties.

As an immediate measure to encourage additional spending, the release said, an across-the-board cut of 4% in the ad valorem Cenvat rate will be effected for the balance part of the current financial year on all products other than petroleum and those where the current rate is less than 4%.

A release note stated that, "Housing is a potentially very important source of employment and demand for critical sectors and there is a large unmet need for housing in the country, especially for middle and low income groups. The Reserve Bank has announced that it will shortly put in place a refinance facility of Rs.4000 crore for the National Housing Bank".

And as a further measure of support for this sector, public sector banks will shortly announce a package for borrowers of home loans in two categories:

(1) up to Rs.5 lakh and

(2) Rs 5 lakh-Rs 20 lakh.

The above sector will be under scanner and additional measures would be taken as necessary to promote an accelerated growth trajectory as and when needed".

The Government attaches the highest priority to supporting the medium, small and micro enterprises (MSME's) sector which is critical for employment generation, the release further noted. To facilitate the flow of credit to MSMEs, the RBI announced a refinance facility of Rs 7000 crore for SIDBI which will be available to support incremental lending, either directly to MSME's or indirectly via banks, NBFC's and SFC's.

An additional allocation of Rs 1400 crore will be made to clear the entire backlog in TUF Scheme, in a bid to boost the textile sector.

The government also aims to address the problem faced in infrastructure spending. A large number of infrastructure projects are now being cleared for implementation in the Public Private Partnership mode. These projects may experience difficulty in reaching financial closure given the current uncertainties in the financial world. In order to support financing of such projects, the Government authorised the India Infrastructure Finance Company Limited (IIFCL) to raise Rs.10,000 crore through tax-free bonds by March 31, 2009. These funds would be used by IIFCL to refinance bank lending of longer maturity to eligible infrastructure projects, particularly in highways and port sectors.