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JANUARY 28, 2007
 Cover Story
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Taxing Times
The phase-out of central sales tax is yet another move towards ushering in the national goods and services tax (GST). The compensation to the states, in lieu of CST phase-out, will include revenue proceeds from 33 services currently being taxed by the Centre as well as 44 new services of an intra-state nature that will be traded by the states. However, VAT is the way forward, though much needs to be done to iron out the anomalies in the current VAT regime.


India, Ahoy!
Indian investments overseas are growing and how. For instance, total Indian investment in Latin America and the Caribbean has topped $3 billion (Rs 13,500 crore) so far. The latest investment is by ONGC Videsh, which acquired an oilfield in Colombia for $425 million (Rs 1,912.5 crore). Earlier, ONGC bought an offshore oilfield in Brazil for $410 million (Rs 1,845 crore).
More Net Specials
Business Today,  January 14, 2007
 
 
PRINTED CIRCUIT
What Tech Toys You Should Buy In 2007
So 2007 is the year you've decided to finally buy yourself that new toy you have been eyeing for a while. Here's what you should look out for when spending your money.
BACK OF THE BOOK

TELEVISIONS

» 'Tis the time to buy a flat-panel display? You betcha'!
»
Prices are still more than twice that of regular cathode ray tube TVs (they are, however, falling), but if you want really large screen sizes, Plasma or LCD are the way to go.
»
Umm, Plasma or LCD? Depends; if you want TVs with screen sizes below 42 inches, go for an LCD screen. Anything bigger, and you'll need to buy a Plasma. But ideally, unless you want a behemoth of a TV, stick to 32-37" LCD monitors.
»
Make sure any TV you buy is full High-Definition TV (HDTV)-compatible (ask if it is 1080p-compatible; don't buy it if it isn't.) Even though there are no HDTV broadcasts in India just yet-next-generation DVD players (HD-DVD and Blu-Ray) that output HDTV images and HDTV should be in India soon enough.

MOBILE COMMUNICATION DEVICES

» Take a close look at the Blackberry Pearl-it proves that your communication device doesn't have to look like a geometry box.
»
Choose your input style. People have wildly different typing/writing styles; so, choose your device based on how easily it works for you. If you want to write, there is the Nokia 6708, for full QWERTY keypads, you have a range of devices, like the Palm Treo, and then, there are keypads like the Pearl.
»
You want your device to do more than receive your boss' email, right? Some of the latest devices have cameras and MP3 players as well.

MULTIMEDIA PHONES

» First and foremost, no matter how great the pictures are, no matter how many colours there are on the touch-screen, remember the critical question: how does it feel like as a phone? Talking is still the # 1 activity on a phone and if you can't talk comfortably-no point buying it.
»
Let's be honest; you probably will buy a device like this to impress friends/partners/colleagues. Make sure your new handset has a major "wow" factor-like the N95, which can boost your image just as well as the Porsche 911 you'll see in the accompanying issue of BT More.
» Make sure your phone can support EDGE, 3G, Wi-Fi and can also do email and the internet. Connectivity, after all, is the name of the game.
»
If the camera has a resolution below 3 megapixel, look for another model.
»
On-board or swappable, anything under 1 gigabyte of memory is pointless.

DIGITAL AUDIO DEVICES

» Well, it begins and ends at the iPod in this segment, or does it? Microsoft's Zune, Creative's Zen, Sony's new Digital walkman's and the Samsung Yepp range are all credible alternatives.
»
Small-capacity Flash-based players make the most sense for movement-intensive activities like jogging or gymming.
»
Hard drive-based devices make sense for people who don't move around a lot.
»
Do you really need 80 gigabytes? Or even 100 gigabytes of storage (as the sixth-gen iPod is rumoured to be)? Chances are that you won't, so don't buy the biggest-sized player unless you really need to.
»
Screen size and brightness matter. There is a lot of new video content for portable devices and it doesn't look that great on small screens-unless you buy the smallest 1 gigabyte players.

GAME CONSOLES

» Why? Because, deep inside, there is still a bit of that younger you left.
»
Which one? Tough question. Only the Microsoft XBox360 is available legally in India right now, so we would say buy that. But once the Sony PS3 comes to India (and the Nintendo Wii might come as well), the choice will get tougher.
»
Avoid the grey market; this isn't a Rs 10,000 phone; it is a Rs 25,000-plus computer (PS3s cost upwards of Rs 50,000 on the grey market). There is some quiet satisfaction in owning that ever-so-important piece of paper-the warranty card.
»
But if you spend a large amount of your life commuting, skip the big consoles. Get yourself a PlayStation Portable (available legally) or Nintendo DS (buy one from abroad). They're brilliant time-pass when you're waiting for traffic to clear up or on the local train.


TREADMILL
Tipsheet For The New Year

Many of you readers may have resolved to get back into shape in 2007. Besides that being a common New Year's resolution, January is a good time to start a workout regime to ramp up your body's fitness levels, lose fat and build strength.What better time then than the beginning of the year to do a run-down of some important dos and don'ts in weight training?

Warm up. Too many people hit the weights section at gyms before limbering up their bodies to make them ready for intensive workouts. The best warm up is a moderate cardio-vascular session-say, 10 minutes on an exercise bike or a brisk jog. Do that before you reach for the dumb-bells.

Hydrate yourself. Apart from replenishing the water that is lost by the body during workouts, drinking water before, during and after workouts helps in building and regenerating muscles. What about energy drinks versus water? Go for water.

Check form and posture. Always use a spotter (a trainer or an experienced gym-partner; see illustration) to check whether your form is correct while lifting weights, particularly when you're going heavy. Bad form can cause serious injuries.

Get proper footwear. Just because a pair of sneakers looks snazzy doesn't mean it's the best for workouts. Running shoes aren't the best footwear for weight training. Workout shoes should be lightweight with flat soles. Avoid air-filled, strangely rippled varieties.

What you wear. There's a myth that tight clothes should be avoided in gyms. Not if you go for the new, high-tech fabrics that wick out sweat from your body as you workout. Many sportswear brands offer such skin-fit uppers and bottoms that not only keep you dry while working out but also help you maintain form while exercising.

Machines vs. free-weights. This is a debate that goes on and on. While machines can help you isolate muscles for increased benefits from workouts, free-weight exercises make you deploy more muscles and force you to maintain balance. Begin with machines and then graduate to free-weights as you become more adept at weight training.

Gives muscles a break. Don't exercise the same group of muscles (e.g. chest or biceps) every day. In fact, muscles need a break to recuperate and regenerate after they're worked out. You should ideally not exercise a muscle group for 48 hours after you've put them through the paces.

Consult your doc. Before embarking on a workout schedule you should see your physician to check whether you need to adopt precautions, particularly so, if you have back problems or suffer from chronic joint or muscle pains. Also, remember to check the credentials of the trainers at your gym-there are far too many quacks in the weight-rooms.

Have great workouts this year!


write to musclesmani@intoday.com

Caveat: The physical exercises described in Treadmill are not recommendations. Readers should exercise caution and consult a physician before attempting to follow any of these.


STEPS TO STAY HEALTHY DURING WINTER

Who wants to miss all the fun during winter? A balanced regime will keep you fit even as you enjoy yourself.

Eye the Apple. Apples contain antioxidants that improve your immune function and prevent heart disease and some cancers. Says Dr Vinay Goel, Consultant, Max Hospital, Delhi: "Apples are a good source of potassium, folic acid, vitamin C and calcium. They also help in the digestion process." As the saying goes, an apple a day keeps the doctor away.

Walk in the Park. Go for brisk walks in a park. "Besides the obvious benefit of exercise, it will also expose you to sunlight and fresh air and lift your mood," adds Dr Goel.

Eye Care. Wear sunglasses when outdoors to protect your eyes from UV rays. If you aren't sure whether your glasses block the rays, take them to an eye clinic to check their UV protection levels.

Count your Canapés. When there are canapés, it's easy to lose count of how many you eat. Be careful and eat in moderation.

Alcohol, Think of your Heart. Winter's a time for heartier meals, such as stews, and red wine is a perfect accompaniment. Drink in moderation. You'll stay sober and healthy.

Zap Germs. Holidays mean a lot more close contact with family, friends and strangers-and a lot more germs to share, too. Says Dr Goel: "To prevent the spread of germs, use germ-killing cleaning products, bleach or boiling water, to disinfect the house. Wipe down the phone, computer keyboard, mouse, door handles and other common surfaces. Replace toothbrushes regularly."

 

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