Interesting Philatelic Facts

0 comments
  • The first postage stamp of the world: Penny Black
  • Date of issue of the first stamp : May 1, 1840
  • The first stamp was available for sale to the public on : May 6,1840
  • The first stamp of India : Scine Dawk.
  • The year India's first stamp appeared : 1852
  • The year of issueof the first postcard: 1869
  • The first country to Issue the postcard : Austria
  • The date of issue of the first stamp of travancore : October 16,1888
  • The date of issue of the first stamp of cochin : April 1, 1892
  • The man who was responsable for the first stamp of the world : Sir Rowland Hill
  • The personality depicted on penny Black: Queen Victoria of England
  • What is the study of post cards called ?: Deltiology
  • The date of issue of independent India's first stamps: November21,1947
  • The price of the first stamp of india with the state emblem,the Ashokan Capital: 1.5 annas
  • Whose birth centenary had a commemorative stamp on july 23,1956 ? : Bal Gangadhar Tilak
  • The First Person depcted on free India's stamp : Mahatma Gandhi(1948)
  • The first women to appear on an Indian stamp : MeeraBai
  • The world's costliest stamp: British Guiana,1 cent,1856
  • The disciple of jesus Christ on Whom a Commemorative stamp was issued : St Thomas
  • The inscription on Indian stamps until 1882: East India Postage
  • The country with the largest number of post offices: India
  • The slogan used for stamping the mail on the first Independence Day : Jai Hind
  • The oldest postal services in the world : in China, 4000 B.C.
  • The oldest state post of modern times permitting the circulation of private correspondence: France, 1464
  • The only countries to grant their citizens free postage: Andorra and Greenland
  • The first stamp issued outside the UK: New York City, Feb 1, 1842
  • The first Stamp In Asia : Scinde Dawk Of India.
  • The first African stamp: Cape of Good Hope triangulars, Sept.1, 1853
  • The first government issue of stamps outside the U.K.:Zurich,Switzerland (March 1, 1843)
  • Beginning of Post Office savings bank in India: 1882
  • The introduction of postal index number (PIN) in India: August 15, 1972
  • The year India achieved the world record of one lakh post offices: 1968
  • The year inland letter card was introduced : 1950
  • The first international philatelic exhibition was held in : Frankfurt (1887)

The global Crisis : Recession Fears

0 comments
The failures of large financial institutions in the US rapidly evolved into a global crisis in 2008,resulting in a number of Europeonbank failures and declines in various stock indexes,and significant reductions in the market- Value of equities qnd comodities worldwide.Three of the big Five of Wall Street disappeared. Lehman Brothers went broke. MerryLynch was absorbed by bank of America. Bear Stearns was taken over by J.P.Morgan.Freddie MAc and Fennie Mae, The two largest home mortgage institutions of the US were rescuedfrom bankruptcy by their effective takeover by the government.80% of the Insurance giant AIG was also similarly taken over.
Major banks and other financial institutions around the world had reported losses of $ 435 billion as of july.The crisis lead to a liquidity problem and the de-leveraging of financial Institutions espesially in the US and Europe,which further accelerated the liquidity crisis. World political leaders and national ministers of finance and central bank directors coordinated their efforts to reduce fears but the crisiswas continuing.Leaders from the EU's 27 countries in october vowed to overhaul the global financial system and protect the continent's Industry.
IndiaOn Oct.24, fIIs shed a record quantity of indian stocks sending the sensex pluging 11 p.c. The index collapsed to 2005 levels,breaching the 9000-mark.Reserve Bank of India Governor D. Subbaroa said on oct.25 that India's growth story will continue despight a slight decleration,but there would be no recessions as in some advanced countries.