Paulson urges the senate on stimulus package!

The treasury secretary seems to have his hand full these days as the stimulus package is becoming a hard one to sell. Today saw Paulson urging the senate to consider the stimulus package and let us not forget that it is this package which is rumored to contain tax rebates.
But of course the bigger question as to who is going to actually benefit by such rebates remains an academic question. But common sense suggests that the ones that would most benefit by such rebates would be the big honchos starting from the banks like citigroup to the housing industry. Would the markets respond positively if such a package is passed by the senate? Well, the may but the market needs a continued consumer confidence if it is to rein in the bear and let the bull loose!

Paypal comes to India!

Paypal has finally made it easy to send money to India, with the changes that they have made to the with drawl process. Before if you were in India, the only way that was available for you to withdraw your money was by way of check. Soon that changed to include transfers to credit and debit cards. But the catch , as there always is when it comes to Paypal, is that the credit/debit card should be internationally viable, meaning that it would not be possible for you to use your local bank issued cards to do the with drawl with. The whole thing did not make any sense, if you could use some of the local bank cards to verify your identity with paypal then logic holds that you should be able to use the same to withdraw your money from the paypal account.
But sadly it seems that Paypal had not heard the term reciprocity,anyway they have corrected this goof up with their latest measure allowing anyone to be able to transfer their money directly into their bank accounts. Not all the banks are listed as 'viable partners' for this process but most of the important banks are listed. So from now on you should have no problems whatsoever in withdrawing your money from Paypal. Now you can transfer the money directly into your checking account and again the only catch is that you should be a verified member so that the entire process is smooth and it takes about 5 -7 working days to complete the process!