credit Card woos.

Credit Card companies can cut costs in the way called credit Card Swiping Cafe.
With a majority of Credit card companies having losses, if I am not wrong, then this is a good idea. I believe, this will definitely result in savings to the companies
The Credit Card companies value the currency or money in terms of plastic, so it would not be wrong to say that it values the money as good as peanuts(credit repair).

So even if the Savings for the Credit Card companies are in peanuts from the Credit Card Swiping Cafes, the Credit Card Swiping Cafes (CCSC) ought to still become a reality.
So a better alternative for them would be a swiping cafe setup at quite a few places so that the expense of the Credit Card companies can be reduced(clean credit).

Will it not make sense. If the Credit card companies want to popularize the use of Credit cards they would have to make an investment for the long term.They can't wait for every vendor to have a Credit card system or they will never grow their business.

Why should consumer pay 1% extra fee anyways? He is already paying exorbitant interest rates. He might as well pay cash and save 3%(fix credit).

This is an interesting idea, unfortunately, I don't think its gonna work.In a country where people die of starvation, peanuts are sometimes the only bread and butter for the day. So peanuts should be valued.
But this would result in some savings for sure.Now what exactly is a Credit Card Swiping Cafe:

Normally a Credit card companies takes around 2% in every transaction and the customer gives or rather pays 2%.
Instead, in this the customer pays 3%, 2% of which is to the Credit Card Company and 1% to the person who provides the swiping service. CCSC are those which would be set up like the cyber cafe. The person running the CCSC will generally have types of people entering in his premises.
a) the business person
b) the end-user
c) the law-enforcing agencies
The CCSC will have at least one Credit card swiping machine. The end-users who wish to buy a particular product or service {nowadays service is also regarded as a form of business} from the business companies, selling the product and/or service will visit the cafe along with the business owner or the Business Owner can send someone.
Both will carry their identity proof, the end-user will get the card swiped at the CCSC at an extra 3% and make the payment to the business owner.
The CCSC owner will note down the identification details.why would the seller not have a card terminal at his own premises?The seller most definitely can but he need not at an urgency.
I believe all Credit card companies are complaining of not doing good business.Add to it the fact that they use very harsh steps on people to extract money.Now the swiping machines do cost something and are not free.If the Credit card companies give it for free they are at a loss. Also the Credit card companies also provide the service on the swiping machine free of cost to the seller.So a better alternative for them would be a swiping cafe setup at quite a few places so that the expense of the Credit Card companies can be reduced.

Sensex and the Down Fall.-An opinion

Sen sex has 30 companies in it,, and the points you see of sen sex are the average prices of those 30 companies registered under BSE, while nifty is national stock exchange and it is average of fifty companies. Sen sex has dipped to 10000 from 20000,, this means that many of the companies have lost half of their share prices.. This fall of markets is due to the immense selling pressure by the FII's, they are pulling out their money from here and so the liquidity has decreased in the markets,, and moreover due to the volatility of markets, new people are also afraid in entering the market.. So the volume of transactions are less, so the RBI is cutting down the CRR (credit reserve ratio), every bank has to give some percentage of money to the RBI, this is the reserve used by RBI, they had to cut down this ratio so that the more money will be circulating in the market and it will get rejuvenated,, they have injected around 60000 crore rupees in the market, world crisis are due to increase in crude prices,, the Lehman brothers rumored that the price will touch 200$/barrel and they artificially increased the prices, but their scandal was opened and thus the prices fell down all of a sudden resulting in their bankruptcy,, many big companies had their money in it and they also suffered the losses due to it's bankruptcy. so in order to have more liquidity and capital they are pulling away their money from every market of the world, if u observe then MN C's come mainly from USA, and if they start pulling away money then it will result in crisis. If u still have any doubt then feel free to ask me.. I hope u understood what u wanted to know.


Have anyone of you wondered that even though the American economy is falling down, it's value against rupee is increasing at a tremendous rate. Sub prime crisis does not occur in one day. If u give a close look at our market then u would come to know that to reach from 19000 to 20000 it took months of time,, but to reach from 20000 to 21000 it took only 49 trading sessions, i.e., 49 days.. This was done only to make more people invest in the market,, otherwise a normal market cant go at such a rate,, they pulled our markets up n then they suddenly threw it away.

Now talking about crude, it was Lehman brothers who rumored that the crude prices will touch 150$/barrel.. and this created a havoc among many nations and thus they went for buying, and it led to artificial rise in crude prices.. But their rumor was left open and the prices suddenly fell down resulting into a great loss for Lehman bros.. Crude prices were about 136$ and then they fell below 110$.. But, before three days of their filing bankruptcy,, Meryl lynch invested 17bn$ in it,, their investment was also choked up,, and they too had to file bankruptcy..

Now,, the FII's invest here in dollars.. when they book their profits,, we have to pay them back in dollars and not in rupees.. Many people lost their money in markets.. where did that money go? it went to FII's.. We pay them in dollars.. and here the demand for dollar is rising while the reserve is decreasing with the RBI,, n this is making dollar more powerful in terms of rupee.. Our economy is just being played.. The foreign agencies were successful in pulling out the maximum money from Indian public.. People opted in investing in markets,, rather than saving it. If u still have any ques u can ask.. because i think i may have missed somethings.