Jammu, July 31 (Scoop News) -  UTI Mutual Fund today flagged off its second UTI Knowledge Caravan from Jammu as a part of its Investor Education Initiative called “Swatantra”. The Investor Education initiative is in partnership with Ministry of Corporate Affairs, Government of India.

 

Addressing the media  Debashish Mohanty, Country Head Retail, accompanied by S. Ganesh Senior Vice President & Ashok Kumar Regional Head said that this Caravan will cover the states of Jammu and Kashmir, Punjab, Haryana, Delhi, Uttar Pradesh, Madhya Pradesh, Maharashtra, Andhra Pradesh, Karnataka, Tamil Nadu and will complete its journey at Kanyakumari. During its journey it will cover more than 3000 kms in about 100 days. Investors meets will be held in all the major cities and towns.

 

As a part of the UTI MF’s Investors Education Initiative three UTI Knowledge Caravans will travel through the length and breadth of India to impart financial literacy. The first caravan was flagged off from Porbandar on July 10, 2010. While the second caravan was flagged off today from Jammu and the third caravan will start from Ghuwahati. All the three caravans will end their journey at kanyakumari.

 

 Debashish Mohanty, Country Head Retail said, “Swatantra’ is India’s journey to financial freedom and is the largest investor campaign in the country which will cover a total distance of over 9500 kms. The Investors Education initiative will be conducted in 10 languages. The campaign aims at inculcating financial literacy to potential investors which help them to take informed decisions.”

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As a resource to the aspiring java developer, here is a list of problems related to application performance.

1.       The no.1 problem is far too many database calls per transaction: This refers to requesting more data than is required for a particular transaction. In addition, the exact data may be requested more than once. And the third type of problem that leads to a high number of data requests is making multiple queries to obtain specific data.

2.       Oversynchronization:  Although synchronization is vital in protecting shared data,developers often resort to synchronizing extensive code sequences. Although this is not a problem for low load on local developer workstation, in a performance environment this can lead to performance and scalability issues.

3.       Most libraries provide easy remote communication. For instance, there is not much difference for the developer whether the request is local or remote. Hence, there is very little understanding of what occurs under the remoting hood and this leads to problems with serialization, memory usage, latency and network traffic that is linked with each remoting call. This again ends in performance and scalability problems.

4.       In addition, managed runtime environtiments like .NET and Java have the benefit of assisting  with the management of memory by providing garbage collectors (GC). However, a GC will not prevent leakage of memory. Ultimately, this will lead to a leak in memory that could result in Out of Memory Exception. In this regard, it is important to release object references right after they are completed.

Microsoft is preparing for the next release of ASP.NET MVC. The first preview is available for the .net developer for testing on Microsoft Download Center.  Analysts say the Redmond-Washington firm is making attempts to get as much feedback as possible from developers with the release.

Corporate VP of the .Net Developer Platform at the software giant said ASP.NET MVC 3 and ASP.NET MVC are compatible so that it is fairly easy to update when the final version is released. In addition, the MVC3 network is built on the same foundation as its predecessors MVC 1 & 2. This translates to the direct application of knowledge, skills, books and libraries that have been acquired to MVC3. Those who adapt MVC3 early on will quickly notice the wide array of improvements from the previous version. Some of the new changes include view-specific enhancements, the ‘Razor View’ Engine, Java Script and AJAX improvements, and Controller improvements. Incidentally, The MVC3 version may be installed and used along with the MVC2 version, while installing the Preview 1 release on a PC. This should have no effect on the existing projects that are under progress. It will continue to use MVC2 until specific directions are given. When Preview 1 installed, a new batch of templates for MVC3 will appear in the Visual studio’s ‘New Project’ dialog. This should shift gears for the new project to be used with MVC3. With the development of the latest version 3, Microsoft has promised that more features will be introduced into the next phase of ASP.NET MVC.    

by Paul Kiel, ProPublica

Two months ago, representatives of banks and other mortgage servicers participating in the administration's mortgage modification program visited the Treasury Department and made a commitment: they would dramatically reduce the number of homeowners stuck in trial modifications by the end of June.

That hasn't happened. New data released today shows that about 166,000 homeowners have waited six or more months in plans that only temporarily reduce payments. That's about one-third of the current trials, but the trial period is supposed to last only three months.

Are you a homeowner who's struggling to pay your mortgage? Are you seeking a loan modification through the government program? We want to hear from you.

For those homeowners who finally do get an answer, it's usually a denial. The number of homeowners being dropped from the program has continued to rise. While about 398,000 homeowners have received a final modification through the program, far more, 521,000, have been dropped.

See our interactive breakdown of the data. It shows which mortgage servicers are primarily responsible for the continued logjam.

JPMorgan Chase continues to have the biggest backlog, with about 46,000 homeowners in limbo. Chase's problem is not new -- we reported back in February that Chase had the worst backlog. The prolonged trials hurt homeowners by damaging their credit, increasing the balance of their mortgage, and preventing them from saving for the possibility of foreclosure. Chase declined to comment on the reason for its poor performance.

During a conference call with reporters Tuesday, Treasury official Phyllis Caldwell acknowledged the failure by servicers like Chase to live up to their pledge to clear their backlogs. When pressed whether the servicers would face penalties for breaking the program's guidelines, Caldwell said Treasury was "looking at ever remedy we have."

Back in February, the Treasury made the same vague reference to possible penalties. Despite frequent threats, the Treasury has yet to actually penalize a servicer. The Government Accountability Office reported last month (PDF) that Treasury had not even established standards for how it might penalize servicers who break the program's rules.

The GAO also reported that the servicers frequently make errors calculating homeowners' income: it interviewed 10 servicers and found that at least half had discovered through internal reviews that their employees had miscalculated the income on at least 20 percent of the sampled modifications. As we've been reporting since the program launched, homeowners often encounter problems with their servicer -- lost documents, delays, and mistakes that can lead to foreclosure.

With relatively few homeowners having received permanent modifications through the government's program, administration officials have been stressing in recent months that many homeowners will still eventually receive a private offer of a modification from their servicer. But those offers will not necessarily comply with the program's guidelines, which require that the payments be set at a certain low rate: 31 percent of the homeowner's monthly gross income. Modifications outside the program have been outpacing modifications under the government plan by about two to one (PDF) in recent months.

Alys Cohen of the National Consumer Law Center said she thought servicer errors meant that homeowners were being wrongly steered into servicers' modification plans when they qualified for the government program. 201CWe don't believe it's because more people qualify for the proprietary modifications than [the government program].201D

For homeowners who do receive a permanent modification under the government program, early results indicate the lower payment level may be sustainable. The Treasury released data showing that only about 6 percent of borrowers who had been in a modification for six months or longer were more than two payments behind. The average homeowner in the program saves about $510 on monthly payments.

 

Srinagar,July 18 (Scoop News) -. In order to  attract a good number of domestic as well as outside tourists to enjoy the natural beauty and grandeur.of South Kashmir Minister for Education and Public Enterprises Peerzada Mohammad Sayeed has directed the Chief Executive Officer, Kokernag Development Authority to conducted a survey of Chohar Nag, Margan Top, possessing vast unexploited tourist potential and submit a Detailed Project Report (DPR)  so that funds could be arranged for creation of tourism related infrastructure in these areas and promote as new tourist destinations. He urged for wide range publicity through all available resources. This was stated by the Minister during his extensive tour of Chohar Nag, Margantop and other areas conducted along with a team of officers from Kokernag Development Authority (KDA), Irrigation, Flood Control, PHE and Revenue departments.

     The Minister discussed in detail the ways and measures for creation of accommodation in the form of huts, viewing decks, walkways and pony tracks at  these areas. He said that integrated development of these scenic spots, a well planned strategy needs to be adopted so that the tourists visiting the valley could be diverted to these areas. Exploitation of Chohar Nag and Margan Top would not only help to enhance the tourist flow but will also give a flip to the local economy by generating livelihood to the locals, the Minister added. 

The Minister was informed that an amount of Rs. 5 lakh would be spent in the first instance for development of infrastructure of this tourist destination in the state plan of the KDA during the current financial year.

Interacting with the people, the Minister announced Rs.15 lakh for construction of khul at Margantop out of his Constituency Development Fund and directed the concerned to start work so that local people are benefitted. He said on completion of this Khul a long pending demand of the people of Breng constituency would be fulfilled.  He said the Centre government is proving liberal funding for the overall development of the State and directed the concerned officers to use funds judiciously and involve local people while formulating any project in future as the people are the real source.    

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