If you have promised somebody the moon, you can at least buy a notional piece of it on the Internet.
Vishal Kamdar of Vadodara, 110 km from here, recently "bought" two acres of the "moon land" by filling up a form on the website (www.lunarrepublic.com) and received ownership papers from the firm for a price of Rs.2,500.
The Lunar Republic Society of the US, established in 1999, offers on its website various "property options" for moon lovers.
"Breathtaking vistas, prime location and great price. Add to it, the beauty of a nearby crater. A superb selection for the discerning buyer! Buy more than five acres, get a 10 percent discount," a typical offer reads.
"Some time ago I read in a newspaper about a man in Kolkata who had bought a plot on the moon through a website," local media reports quoted him as saying.
"I found the website, followed the procedure and now I have received the ownership papers," Kamdar said.
His father Dipak Kamdar said: "We are all excited even though we know that nothing will come out of it. After all, the amount is not big."
The Lunar Republic Society website claims that proceeds from the sales are to be invested in a non-government initiative of US companies to explore and develop the moon for human habitation.
Registered as an international business company, the "Lunar Republic" is authorised to operate in more than 200 countries, including India.
In the five years of its existence, it claims to have enrolled "over 800,000 citizen-partners from around the world, and from all walks of life".
The society claims that the method of fund-raising it has employed is similar to that used by the National Geographic Society in the early 20th century to provide funds for a mission to the North Pole.
Indo-Australia committed to resolve agri-trade issues
Publish Date : 3/3/2007 7:21:00 AM
The agri-trade has become a very contentious issue in the World Trade Organisation (WTO), but India and Australia have agreed to resolve issues coming in the way of trade in agricultural goods by setting up a mechanism.
RBI to absorb more liquidity to contain inflation
Publish Date : 3/3/2007 7:11:00 AM
In a bid to further contain inflation, Reserve Bank of India today announced a modified market stabilisation scheme (MSS) and liquidity adjustment facility (LAF) to suck out Rs 11,500 crore from the system.
Gold and Silver prices turn distinctly weak
Publish Date : 3/3/2007 7:03:00 AM
Both the precious metals today turned distinctly weak on the bullion market as silver plunged by Rs 570 and gold by Rs 155 on heavy stockists offerings tiggered by sharp fall in the global markets.
Further fall in gold and silver prices
Publish Date : 3/2/2007 7:06:00 AM
Both the precious metals continued to decline on the bullion market here today on sustained offering from stockists in view of fall in the international markets.
Rupee ends marginally up at 44.26/27 a dollar
Publish Date : 3/2/2007 7:03:00 AM
The rupee today ended marginally higher at Rs 44.26/27 a dollar, supported by a smart recovery on equity markets coupled with fresh exporters' dollar sales.
Hyundai domestic sales up 74 pc in Feb
Publish Date : 3/2/2007 7:01:00 AM
Hyundai Motor India today reported a 74 per cent increase in its domestic vehicle sales during February at 15,459 units compared to the same month last year.
Hutchison Telecom files caveat fearing legal move by Essar
Publish Date : 3/2/2007 6:59:00 AM
Hong Kong-based Hutchison Telecom has filed a caveat before the Bombay High Court to ensure that its plea is heard in case Essar moves the court, challenging the the foreign partner's decision to sell stake to Vodafone.
Skoda slashes car prices up to Rs 24,000
Publish Date : 3/2/2007 6:56:00 AM
As car makers Maruti and Hyundai announced a hike in prices, luxury car maker Skoda Auto today slashed prices across all models by up to Rs 24,000 citing reduction in customs duty on imported car parts in the Budget.
Bond prices continue to decline
Publish Date : 3/1/2007 8:30:00 AM
Government bond prices continued to decline on persistent selling while call rates eased in view of ample liqudity in the system.
India should be more conscious of global developments: RBI
Publish Date : 3/1/2007 8:19:00 AM
The Reserve Bank of India today said the steep fall in Indian stock markets was a contagious effect of plunge in overseas bourses and the country should have strong market and regulatory mechanism to avoid disruption in markets.
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