Saturday, November 12, 2011

Buy Inheritance (Paperback) online at 30 % discount


Book Summary of Inheritance

Not so very long ago, Eragon - Shadeslayer, Dragon Rider - was nothing more than a poor farm boy, and his dragon, Saphira, only a blue stone in the forest. Now, the fate of an entire civilization rests on their shoulders.

Long months of training and battle have brought victories and hope, but they have also brought heartbreaking loss. And still, the real battle lies ahead: they must confront Galbatorix. When they do, they will have to be strong enough to defeat him. And if they cannot, no one can. There will be no second chances.

The Rider and his dragon have come farther than anyone dared to hope. But can they topple the evil king and restore justice to Alagaësia? And if so, at what cost?

About The Author
Christopher Paolini was educated at home by his parents. His abiding love of fantasy and science fiction inspired him to begin writing his debut novel, Eragon, when he graduated from high school at fifteen. He became a New York Times bestselling author at nineteen. Christopher lives in Montana, USA, where the dramatic landscape fed his vision of Alagaesia.

Other books by Christopher Paolini in Eragon series

Wednesday, November 2, 2011

IBPS/CWE Bank Clerk Practice Set

IBPS: Common Written Examination (CWE) Guide For Clerk Grade

Table of Contents
  • I. Current Affairs
  • II. Numerical Ability
  • Number System
  • Decimal Fractions
  • HCF and LCM
  • Average
  • Ratio and Proportion
  • Problem on Ages
  • Percentage
  • Profit and Loss
  • Ratio
  • Time and Work
  • Time and Distance
  • Alligation or Mixture
  • Probability
  • Interest
  • Area
  • Data Interpretation
  • III. Mental Ability (Verbal)
  • Alphabet Test
  • Logical Sequence of Words
  • Classification Test
  • Analogy
  • Series Completion
  • Coding-decoding
  • Blood Relation
  • Direction Sense Test
  • Alpha-numeric Sequence Test
  • Number, Ranking and Time Sequence Test
  • Mathematical Operations
  • Logical Venn Diagram
  • Syllogism
  • Input Output
  • True and False
  • Statement and Arguments
  • IV. Mental Ability (Non-Verbal)
  • Series
  • Analogy
  • V. English Language
  • Comprehension
  • Common Error
  • One-Word Substitution
  • Synonyms and Antonyms
  • Idioms and Phrases
  • Sentence Correction
  • Sentence Arrangements
  • Fill in the Blanks
  • Analogy
  • VI. Computer Knowledge
  • Practice Paper I
  • Practice Paper II

IBPS - CWE Bank Clerk Practice Workbook



Target CWE (IBPS) Bank Clerk - 15 Practice Sets (English Edition) is a book written exclusively for the for the Common Written Examination (CWE) being conducted for the 1st time by IBPS for recruitment in clerical cadre in 19 public sector banks. This book provides 15 Mock Papers (Practice Sets) designed exactly on the pattern of CWE. The Practice Sets contains all the 5 variety of tests as per the CWE pattern. The solution to each set is provided at the end of the book.


Business And Intellectual Property: Protect Your Ideas

Business and Intellectual Property reflects on the future of Intellectual Property (IP) in the age of new media and shows how—in a rapidly changing business field—managers and decisionmakers need to be more perceptive, agile, and vigilant than ever before. Drawing on contemporary business affairs and strategies, it explores the nature and scope of IP and the evolution of national laws and global agreements like the TRIPs to protect it. It also explores measures (use of patents,

copyright, and trademarks) used by some of the biggest brands—Coke, MGM, 20th Century Fox, Microsoft, Harrods, Maruti, Tata—to manage disputes and protect themselves. Accessible, clear, and using a wide range of case studies, Business and Intellectual Property gives an excellent overview of a subject that is becoming a key aspect of many businesses today. The IIM Ahmedabad Business Books bring key issues in management and business to a general audience. With a wealth of information and illustrations from contemporary Indian businesses, these non-academic and user-friendly books from the faculty of IIM Ahmedabad are essential corporate reading. 

About The Author
Anurag K. Agarwal is a mechanical Engineer from MNREC, Allahabad (now known as MNNIT). After working for less than a year with Bharat Petroleum, he decided to study law. He completed his LL.B., LL.M., and LL.D. from Lucknow University and a second LL.M. from Harvard Law School. He practised as an Advocate at Lucknow for about seven years and for about a year and a half at Delhi. He switched over to full-time teaching in 2004, with a brief stint at MDI Gurgaon. He has been with IIMA since then in the Business Policy Area and has been the Chairperson of the Post Graduate Programme in Public Management and Policy (PGP-PMP) at IIMA. He is a visiting faculty at ESSEC, Paris. His teaching and research interests include intellectual property, dispute resolution, and relationship between business, government, and law.

Saturday, October 22, 2011

Tata Nano Bangladesh

The launch of India's Tata Nano, billed as the world's cheapest car, was delayed at the last moment in Bangladesh after its distributor said Saturday it was seeking a cut in price.
Nitol Motors, Tata's sole distributor in Bangladesh, was due to launch the car at a fair on Saturday but high taxes meant the price tag for the least expensive no-frills Nano would be 599,000 taka ($7,900).
That compares to 141,000 rupees ($2,870) for a basic Nano model in India.
"A lot of people came to us for booking at the fair. At least 23 people confirmed their interest," said Abdul Matlub Ahmad, director of Nitol Motors.
"But we've deferred launch of Nano at the last moment as we're seeking a re-look at the price, which some say is too high."
Both the Nano and other small cars produced by foreign companies such as Maruti are significantly more expensive in Bangladesh as importers have to pay 132 percent tax on each car, he said.
"We anticipate the Nano will be very popular because it is extremely fuel efficient. You can drive more than 25 kilometres (15.5 miles) with a litre of gasoline," he added.
Fuel prices have risen sharply in Bangladesh over the past year due to rising global costs and the phasing out of government subsidies as Dhaka struggles to rein in its soaring imports bill.
The Tata Nano, billed by the company as the "people's car", generated worldwide interest when it rolled off the assembly line in 2008, and the company is already marketing it in Sri Lanka.
When the Nano first appeared in showrooms, it was expected to create a vast new market segment in India, a nation of 1.2 billion people. But its sales have fallen far short of hopes.
Analysts attributed the Nano's poor sales performance in India to concerns over safety, lack of cheap financing and operational hiccups after production shifted to a new plant.
Last year, Tata was forced to offer free safety upgrades after around half a dozen of the cars caught fire.

Tata Nano diesel


The Tata Nano diesel test mules are returning a consistent fuel economy figure between 30-34 kmpl on their highway runs. The sources tell us that the ARAI fuel economy figure could be close to 30 kmpl! 

That is undoubtedly the best in class and should see the Nano bring back some healthy sales figures for Tata in the entry-level small car segment.

Friday, October 21, 2011

How to remit NRO account funds abroad

As part of its liberalization scheme, the Reserve Bank of India has over a period of time made it easier for NRIs to remit funds from India to abroad. As of today, balances in the NRE account are freely repatriable. That is, you do not need any permission for remittance abroad for any amount. Broadly, the funds in this account are usually funds deposited from abroad or in some cases, current income like interest or dividends on investments made through foreign funds. 

Balances in the NRO account are not freely repatriable. But the RBI does allow NRIs to remit up to USD 1 million per financial year from the NRO account, provided you follow certain procedure. The funds in NRO account are usually from income earned locally, like rent on a property in India or certain capital account transactions like sale of property purchased prior to becoming an NRI. 

Remittance procedure 

In order to remit funds from the NRO account, you would need to submit two documents: Form 15 CA and Form 15 CB. The purpose of both these documents is to ensure that taxes are collected on the funds before they are remitted abroad as it becomes difficult to recover taxes at a later stage. Both these forms consist of more or less the same information. The only difference is that Form 15CA is an undertaking by the NRI to remit funds while Form 15 CB is a certification of the information by a chartered accountant. Here is the process: 

Step 1: Submit Form 15 CA - Undertaking of information 

You need to submit this form online on the website of the Tax Information Network www.tin-nsdl.com . This form will consist of the remitter's information such as name and address of the NRI, permanent account number, complete details of the overseas account to which funds are being remitted etc. It will also contain details of the accountant who will be certifying Form 15 CB. 

"After you submit Form 15 CA online, you will get an acknowledgement. You would need to print the acknowledgment, sign it and submit it along with Form 15 CB to the bank," explains Sandeep Shanbhag, Director of Wonderland Investments and an expert on all NRI financial matters. 

Access: Form 15 CA 

Step 2: Submit Form 15 CB - chartered accountant's certificate 

You need to get this certificate from a chartered accountant who will certify that you have paid all taxes due in India on the funds that you plan to remit abroad. The certificate will specify the nature of the amount to be remitted: that is, whether it is the remittance of dividends, interest, royalties received in India or any other income. Your chartered accountant may require you to submit copies of your Tax Residency Certificate, if any, in case you are availing a lower rate of TDS under the Double Taxation Avoidance Agreement.

Download: Form 15 CB 

Important points 

Can you do this from abroad? "Technically, it is possible to do this from abroad because the procedure is online. But it may be a bit difficult to do it, practically. Your chartered accountant would have to send you the hard copy of Form 15 CB. You would need to sign the acknowledgment of Form 15 CA and then send both these documents to the bank's branch in India," Shanbhag says. 

If your remittance consists of interest from the NRO deposit, the bank is required to deduct tax at source on the interest at the rate of 30%. Suppose you live in the US or UK or any other country that has a DTAA with India, then you are eligible for a reduced TDS rate of 15%. The bank will require you to submit a Tax Residency Certificate from your country of residence if you want to avail of this reduced rate. 

Now there is a peculiar scenario of DTAAs that India has signed with countries that do not have personal tax. Shanbhag explains, "The basis of a DTAA is that a particular income is taxed in both countries. However there are instances where a foreign country may not levy personal tax on its residents, yet India has a DTAA with those countries that allows NRIs of those countries to avail a reduced rate of TDS. This is a grey area." 

In such cases, each bank might have its own way of handling this. Some banks like the State Bank of Indiarequire you to submit a self-declaration form if you reside in a country that has zero tax, but has a DTAA with India that offers a lower rate of TDS. On submitting this self declaration, the bank will deduct tax at source at the reduced rate instead of the mandated 30% rate. 

The declaration however states that the NRI 'shall be fully responsible to State Bank of India for any Indian Income tax liability including interest, penalty etc. that may arise on account of the bank applying a lower rate for tax deduction at source based on this declaration.' 

You would therefore need to check with your bank to see what procedure is followed. 

Wednesday, October 12, 2011

Book Summary of The Secret Of The Nagas


Much awaited Book 2 in Shiva Trilogy after the huge success of The Immortals of Meluha
Today, He is a God.
4000 years ago, He was just a man.
The hunt is on. The sinister Naga warrior has killed his friend Brahaspati and now stalks his wife Sati. Shiva, the Tibetan immigrant who is the prophesied destroyer of evil, will not rest till he finds his demonic adversary. His vengeance and the path to evil will lead him to the door of the Nagas, the serpent people. Of that he is certain.
The evidence of the malevolent rise of evil is everywhere. A kingdom is dying as it is held to ransom for a miracle drug. A crown prince is murdered. The Vasudevs – Shiva’s philosopher guides – betray his unquestioning faith as they take the aid of the dark side. Even the perfect empire, Meluha is riddled with a terrible secret in Maika, the city of births. Unknown to Shiva, a master puppeteer is playing a grand game.
In a journey that will take him across the length and breadth of ancient India, Shiva searches for the truth in a land of deadly mysteries – only to find that nothing is what it seems.
Fierce battles will be fought. Surprising alliances will be forged. Unbelievable secrets will be revealed in this second book of the Shiva Trilogy, the sequel to the #1 national bestseller, The Immortals of Meluha.
About the Author
Amish is a 36 year old, IIM (Kolkata) educated boring banker turned happy author. The success of his debut book, The Immortals of Meluha (Book 1 of the Shiva Trilogy), encouraged him to give up a fourteen year old career in financial services to focus on writing. He is passionate about history, mythology and philosophy. He believes there is beauty and meaning in all world cultures and religions. The Secret of the Nagas is the second book of the Shiva Trilogy.
Amish lives in Mumbai with his wife Preeti and son Neel. He is presently working on the third book of the Shiva Trilogy, The Oath of the Vayuputras.
Know more about the Shiva Trilogy books through: Web: www.shivatrilogy.com Facebook: www.facebook.com/shivatrilogy
Interact with the author through: Twitter: www.twitter.com/amisht Facebook: www.facebook.com/authoramish

Related Video for "The Secret Of The Nagas"



 

  Book Summary of The Immortals Of Meluha

1900 BC. In what modern Indians mistakenly call the Indus Valley Civilisation. The inhabitants of that period called it the land of Meluha – a near perfect empire created many centuries earlier by Lord Ram, one of the greatest monarchs that ever lived. This once proud empire and its Suryavanshi rulers face severe perils as its primary river, the revered
Saraswati, is slowly drying to extinction. They also face devastating terrorist attacks from the east, the land of the Chandravanshis. To make matters worse, the Chandravanshis appear to have allied with the Nagas,


an ostracised and sinister race of deformed humans with astonishing martial skills.


The only hope for the Suryavanshis is an ancient legend: ‘When evil reaches epic proportions, when all seems lost, when it appears that your enemies have  triumphed, a hero will emerge.’


Is the rough-hewn Tibetan immigrant Shiva, really that hero? And does he want to be that hero at all? Drawn suddenly to his destiny, by duty as well as by love, will Shiva lead the Suryavanshi vengeance and destroy evil?


About The Author
Amish IIM-Kolkata educated financial services professional, fascinated by history, philosophy and the future of human civilisation.

Related Video for "The Immortals Of Meluha"


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Book Summary of Revolution 2020


Once upon a time, in small-town India, there lived two intelligent boys.
One wanted to use his intelligence to make money.
One wanted to use his intelligence to create a revolution.
The problem was, they both loved the same girl.

Welcome to Revolution 2020. A story about childhood friends Gopal, Raghav and Aarti who struggle to find success and love in Varanasi. However, it isn't easy to achieve this in an unfair society that rewards the corrupt. As Gopal gives in to the system, and Raghav fights it, who will win?


From the bestselling author of Five Point Someone, one night @ the call center, The Three Mistakes of My Life and 2 States, comes another gripping tale from the heartland of India. Are you ready for the revolution?

Related Video for "Revolution 2020"




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Revolution 2020 -- My views
Chetan is by far the biggest selling Indian author. His stories have always struck a chord with the young crowd and have made him a household name amidst young students and professionals. His latest book, “Revolution 2020” is akin to his previous works.
The novel is pretty much similar to his previous works because of the simple vocabulary and the simple characters in the novel. He has tried to send out a social message through his new book which is a very good sign.
The story is set in Varanasi and revolves around 3 childhood friends. The story is woven around the poor Gopal Mishra and his childhood friends, the rich girl Aarthi and an Engineer’s son Raghav and their dreams. It talks about IIT –JEE, AIEEE and the preparation institutes in Kota in detail. It also talks about bringing out a change in the society. There is a very practical love story amidst all the commotion. The strongest point in the story is that you can identify yourself with the characters, be it the grey character or the straight forward one. Nobody is born evil; it is only the society which turns the good ones into evil. Similarly, all you need to get back to your good old ways is a small spark which reminds you of the past. It also advocates you to follow your passion.
Every character in the novel come with their own philosophies and still you could relate to them. All of them are right in their own rights. There will be one Prateek in every class and the MLA Shukla’s is probably Chetan’s way of reiterating his “Mera Neta Chor jai” movement. Though, it has come to an end, the characterization of Shukla has certainly evolved from the campaign.
Chetan takes a dig at the municipal authorities, the education department, HODs, the AICTE and a bunch of other people who are part of the corrupt society. He has taken the private engineering colleges as the base and explored all the possible avenues. It extends up to the shady underground business of the goons and the ugly land-grabbing cases as well.
The story starts with a simple wit in the 5th standard classroom and ends with a lot of hope. The 15 years travel between the beginning and the end of the story moves like a lazy breeze across your face. There are some major twists on the way but mostly it is a seamless masala story, the one that we expect from Chetan Bhagat.
The slight humor which is a usually trait in CB’s novel is slightly missing here. This story has more sexual content compared to his previous novels which would make the younger audience feel slightly uncomfortable. The story reads like a screenplay which is already written with a movie in mind. The contents towards the end are too filmy. Though the filmy contents are needed to provide hope to the audience, it doesn’t fit well in a story which was pretty much practical till then.

Bottom line: Revolution 2020 certainly doesn’t surpass CB’s best work (Five Point someone) but can certainly be read once to get the CB social consciousness feeling.

Book Summary of You Were My Crush!: ...Till You Said You You Love Me!

Durjoy Datta's fifth book is a true story based on his misunderstood brother - Benoy Roy. People say a lot of things about Benoy.

'I love him, but I don't want him to drive a Bentley,' his mom says. Or used to say. She is dead now. He drives a Bentley.

'He is a stranger to me. I haven't seen him since he was eight. I receive his credit card bills though,' his dad says.

'He should stop drinking,' his maid says.

'...stop bribing professors,' his best buddy, Eshaan advises him.

'Good for nothing, brat!' his best friend, Diya says.

'I never want to see you again. Stop stalking me or I will let my boyfriend know,' the love of his life says.

'You're the best,' his brother, Deb claims.

Between all this, who is the real Benoy?

This story is about him picking up the pieces of his life and trying to find a meaning out of it. A big car, a big house, does it solve anything? Why is that despite having everything, he has nothing?

You Were My Crush! is Durjoy's fifth book.

His first book was Of Course I Love You!...till I find someone better! Of course I love you..!, is a story set in Delhi, during the years 2006-2008 that revolves around colleges, nightclubs, relationships and friendships. This book takes a dark and a hilarious view on modern day relationships. Narrated in Debashish Roy's unsure, confused and testosterone induced voice, it takes a jibe at college time romances.

"Of Course I love You..!" is the first book of the trilogy of book on "Deb" and "Avantika" and their journey through life.

Well, the second book, Now That You're Rich... Let's Fall in Love! traces their journey beyond college and into professional life at an investment bank in Hyderabad! Hideous Human Resource managers picking on them, horny seniors looking down their cleavages, piles of workload, crazy shopping sprees, crates of beer and endless cups of coffee... Out from college and into the real world... how does it change them? How do they stand behind each other as they face the world!

All love stories hit a bump sometime or the other! So does Deb and Avantika's. So while Now That You're Rich! deals with how they face the world, the third book, She Broke Up, I Didn't!...I just kissed someone else! takes the story forward and talks about how they battle the questions of infidelity, loyalty and love! Is lust different from love? Are girls more tolerant? What would hurt you more? Your partner writing a love song for someone else? Or sleeping with someone else? Is the answer any different for the two sexes?

How does their relationship weather the storm of infidelity? Will they fall apart?

About the Author
Durjoy Datta is bestselling author of five books, Of Course I Love You! (2008), Now That You're Rich! (2009), She Broke Up, I Didn't! (2010), Ohh Yes, I Am Single! (2011) and You Were My Crush! (To be released - 2011). All these books have enjoyed prolonged stays on various bestseller lists.

All his books are inspired from real life incidents.

His books have sold a total of 1,000,000 copies till date making him one of the highest selling Indian authors till date. One of the youngest and the most prolific authors in the Indian fiction scene, his works are characterized by dark humor and in-your-face realism. He is seen as one of the most unabashed writers in the genre.

Durjoy is a mechanical engineer from Delhi College of Engineering (DCE) and did his management from MDI, Gurgaon in 2011. Apart from books, he has a keen interest in outdoor sports and strength training activities.






Sunday, October 9, 2011

Book online tickets for 2011 Formula One Indian Grand Prix

This is the official website of Book My Show, where you can make online purchases of your tickets to attend the 2011 F1 Indian Grand Prix to be hosted at the Buddh International Circuit in New Delhi, India.

URL: http://www.bookmyshow.com/sport/formula1

Track your passport status online

This website is useful for tracking the status of the passport applied online. Also you can also apply passport online through this website. You can download the application forms and submit it online.

URL: http://passport.gov.in/

Thursday, September 8, 2011

EXTERNAL COMMERCIAL BORROWINGS - SIMPLIFICATION OF PROCEDURE


A. P. (DIR SERIES) CIRCULAR NO. 11, DATED 7-9-2011
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, notified vide Notification No. FEMA 3/2000-RB, dated 3-5-2000, amended from time to time and the A.P. (DIR Series) Circular No. 5, dated 1-8-2005 , amended from time to time relating to the External Commercial Borrowings (ECB).
2. As per the extant ECB procedures, any request for change of the lender for an existing ECB is required to be referred by the Authorised Dealer Bank to the Reserve Bank for necessary approval.
3. As a measure of simplification of the existing procedures, it has been decided to delegate powers to the designated AD Category-I banks to approve the request from the ECB borrowers with respect to change in the recognized lender when the original lender is an international bank or a multi-lateral financial institution (such as IFC, ADB, CDC, etc.) or a regional financial institution or a Government owned development financial institution or an export credit agency or supplier of equipment and the new lender also belongs to any one of the above mentioned categories, subject to the Authorised Dealer ensuring the following conditions:-
  (i)  the new lender is a recognized lender as per the extant ECB norms;
 (ii)  there is no change in the other terms and conditions of the ECB; and
(iii)  the ECB is in compliance with the extant guidelines.
4. However, changes in the recognized lender in case of foreign equity holder and foreign collaborator will continue to be examined by the Reserve Bank.
5. The changes in the recognized lender should be promptly reported to the Department of Statistics and Information Management, Reserve Bank of India in Form 83.
6. The above modifications to the ECB guidelines will come into force with immediate effect. All other aspects of the ECB policy, such as, USD 500 million limit per company per financial year under the automatic route, eligible borrower, end-use, all-in-cost ceiling, average maturity period, pre-payment, refinancing of existing ECB and reporting arrangements shall remain unchanged.
7. AD Category - I banks may bring the contents of this circular to the notice of their constituents and customers concerned.
8. The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions/approvals, if any, required under any other law.

Friday, August 26, 2011

Hurricane Irene latest updates


Tuesday, August 23, 2011

Demat Account


Demat refers to a dematerialised account. Demat account is just like a bank account where actual money is replaced by shares. Just as a bank account is required if we want to save money or make cheque payments, we need to open a demat account in order to buy or sell shares. A Demat Account holds portfolio of shares in electronic form and obviates the need to hold shares in physical form. The account offers a secure and convenient way to keep track of shares and investments without the hassle of handling physical documents that get mutilated or lost in transit. The Securities and Exchange Board of India (SEBI) mandates a demat account for share trading involving more than 500 shares.

Benefits of Demat Account
  • Eliminates risks associated with physical certificates such as bad delivery, fake securities, delays, forgery, counterfeiting, thefts and loss due to fire.
  • Reduces brokerage charges
  • Pledging/Hypothecation of shares is easier
  • Enables quick ownership of securities on settlement thereby resulting in increased liquidity
  • Reduction in paperwork involved in transfer of securities
  • Demat account obviates the need to pay stamp duty (in case of physical shares, 0.5 per cent stamp duty is payable).
  • There is no odd lot problem. Even one share can be bought or sold.
Documents Required for Opening a Demat Account
You can open a demat account with a bank or a depository participant (DP). Banks usually give preference to those customers who have a savings or current account with the bank. Along with the application form, following documents are required:
  • A cancelled MICR cheque
  • Identity proof
  • Address proof
  • Copy of PAN card (mandatory)
  • Photograph of the applicant.
Procedure for Dematerialisation
For dematerialization of physical share certificate(s) you have to first fill the demat request form (DRF). The form can be obtained from the DP with whom your demat account is opened. Deface the share certificate(s) by writing across Surrendered for dematerialisation. Submit the DRF & share certificate(s) to DP. DP would forward them to the issuer. After dematerialisation, your depository account would be credited with the dematerialised securities.

Recurring Bank Deposits

Under a Recurring Deposit account (RD account), a specific amount is invested in bank on monthly basis for a fixed rate of return. The deposit has a fixed tenure, at the end of which the principal sum as well as the interest earned during that period is returned to the investor. Recurring Bank Account provides the element of compulsion to save at high rates of interest applicable to Term Deposits along with liquidity to access those savings any time. Since a recurring deposit offers a fixed rate of return, it does not provide protection against inflation.

There is great flexibility in period of deposit with maturity ranging from 6 months to 120 months. The minimum monthly deposit varies from bank to bank. In most of the public sector banks, one can start a Recurring Deposit Account with a monthly installment of Rs. 100/- only. There is no upper limit on investing. The rate of interest varies between 7 and 11 percent depending on the maturity period. Loan/overdraft facility is also available against Recurring Bank Deposits.

The deposit for RD account is paid in monthly installments and each subsequent monthly installment has to be made before the end of the calendar month and is equal to the first deposit. In case of default in payment, penalty is levied for delayed deposit at the rate of Rs. 1.50/- for every Rs. 100/- per month for deposits up to 5 years and Rs. 2/- per Rs. 100/- in case of longer maturities.

In case of Recurring Deposit being closed before completing the original term of the deposit, interest will be paid at the rate applicable on the date of deposit, for the period for which the deposit has remained with the Bank. Premature withdrawal is also permissible but penalty is levied. TDS is not applicable on Recurring Deposits.

How to open a RD Account
A Recurring Bank Deposit account can be opened at any bank that offers this facility. However, some banks insist that you open a savings bank account with them to operate a Recurring Deposit account.

Senior Citizen Saving Scheme 2004


The Senior Citizen Saving Scheme 2004 had been introduced by the Government of India for the benefit of senior citizens who have crossed the age of 60 years. However, under some circumstances the people above 55 years of age are also eligible to enjoy the benefits of this scheme. These prerequisites include voluntary retirement of the beneficiary before making the investment, a maximum time limit of three months to make the investment after the retirement and a certificate from the employer stating the details about the employment and retirement of the beneficiary. The scheme is not allowed for Non Resident Indians (NRIs) and Hindu Undivided Families.

Investment 
The investment under the Senior Citizens Savings Scheme can be made in any Post Office, although the beneficiary has to open an account for making the investment. Also, one account can hold only one deposit from a beneficiary, which indicates multiple accounts are mandatory to be opened for making multiple deposits under the scheme. The deposits can be made only in the multiples of Rs. 1,000 and the maximum limit for a deposit has been restricted to Rs. 15,00,000. One important condition is that if a person opens multiple accounts for making more than one deposits, the total amount of all the deposits should not cross the maximum limit of Rs. 15,00,000. Also, a beneficiary can't open two or more accounts in a single Post Office during the same month.

Interest and Nomination 
The Senior Citizen Saving Scheme 2004 offers an interest rate of 9 percent per annum, which will be payable on a quarterly basis on the 31st of March, 30th of June, 30th of September and 31st of December of every year. The interest earned upon the savings is fully taxable, and the tax is deducted at the source itself. The scheme offers nomination facility so that in case of death of the beneficiary, the funds might be paid to the nominee of the beneficiary.

Maturity and Withdrawals 
The tenure of Senior Citizen Saving Scheme 2004 is 5 years, which can be further extended for a period of 3 years by making an application to that effect. After a period of 1 year, the beneficiary can withdraw his or her amount with some conditions, but a penalty between 1% and 1.5% of the deposit is deducted before the withdrawal is made.

Saturday, August 20, 2011

Money Management Tips

How To Manage Money
Prioritize Your NeedsPrioritize your expenditure. Spend money only on items that are an absolute necessity for you. Trim expenses that are not essential. For example, you can opt for reading the newspaper online so that you can save those extra bucks. Become a member of your local library and borrow books instead of buying a new one. You may also ask your friends or family to lend you books that are not required by them in the near future. Make a list of all your needs and then see which of them are not essential for your living. This way you can save a good deal of money. With certain adjustments in your lifestyle you can definitely save a few bucks.
Smart ShoppingSmart shopping helps save money. Look for stores offering discount coupons so that you can save money on your next purchase. Many stores offer a rebate if you buy groceries in bulk. If you are fascinated by brands, why don’t you try generic brands? This will help you to save a lot of money as well. Buying food items that are on sale and checking out thrift stores and garage sales for good deals is also a great idea.
Say “No” To Junk FoodIf you eat out often, start cooking your own meal at home. It might sound clichéd, but never miss eating your breakfast daily. Not only will it help you to stay fit and healthy, but you can stay away from your mid-morning snack attacks that will save you a couple of bucks as well. Now, isn’t that a smart tip?
Limit Your Monthly ExpenditureLimit your monthly expenditure at the beginning of the month. Make a list of utility bills, groceries, mortgage, etc and make a note of how much money you need to spend on each of them. Make a budget and try to restrict yourself within that limit.
Avoid Credit CardsTo abstain from such a shopping spree, avoid using credit cards. Leave your credit cards at home to restrict yourself from unnecessary spending.
Drive SmartUse public transport as much as possible. Take a bus or train to your workplace instead of using your car or bike. If public transport is not available, opt for carpooling with other commuters instead of driving to office. Walk down or cycle to go to the next block. This will drastically bring down your fuel bills.
Open A Savings AccountAnother good idea to save money is to open a savings account with a bank. Make it a habit to deposit a fixed amount every month. In this way you will save a neat sum of money.
The Little Things That Make All The DifferenceDo you forget to switch your fan and lights off before you march to work, leaving the fan to rotate aimlessly and the bulb to illuminate an ant’s lost path? The production of these wasted kilowatts not only contributes to power shortages and global warming but inflates your electricity bills. Train yourself to tap every button on your switchboard towards the “off” position before you exit your residence. This applies to the socket of your cell phone or laptop charger as well.
Appreciate A Coin’s WorthAs people shed thousands and thousands on expensive cars and clothes, it’s time you take a deep breath and contemplate the worth of a coin, the lowest denomination. Go back to your younger days, buy a piggy bank and drop in the change you acquire after grocery shopping. Break it open after a few months and be amazed with the full amount! A coin that you would cast aside without thinking twice is the base of your money tower. Never underestimate the worth of 50 cents. Dig into the pockets of your jeans and discover another 50 cent. Voila! You have a whole dollar now. Go buy a cookie and a soda pop!
Invest In The Best!While others invest in game shows and lotteries that hold a zillion in one chance of winning, be the wise one as you invest your money with a given return and then reinvest your earnings as you receive them. Do not be too hasty and rush into an investment proposition that appears lucrative on the surface. Follow your instincts but think rationally at the same time. Remember that you have to assume a fair amount of risk in order to earn high rewards.
Let The Computer Take ChargeComputer programs and sophisticated technology greatly aids one’s endeavours in managing money properly. They provide you with unmatched information and guidance in organizing money matters. From balancing check books to paying taxes, computers can be a lifesaver and deter you away from making regrettable mistakes.
Save, Or Else Start Digging Your Own GraveKeep an eye on where your income goes. Try building a good credit reputation by controlling bad spending habits and clearing all debts beforehand. Never go overboard with debts and don’t be enticed by every product in the market. Save to lead a beautiful life in the future. Moreover, it is crucial to save cash for unexpected events and emergencies. Sometimes we fall ill and need to pay off fat medical bills. Maintaining fixed deposits is the best solution to dealing with unexpected circumstances.
Track Your Income And SpendingAdd the number of cheque stubs you have for a quarter year and divide by 13, the number of weeks in a quarter. This gives you a wider view of your earning power. Once you get this, perhaps you could find out where your money goes. Make your first purchase a small notebook and pen you can carry in purse or pocket. Record it all and make suitable alterations. Pay bills on time to avoid late fees or look around for and switch to credit cards with lower rates.

How to Earn Money From Your Website


Text Advertisements 
Text advertisements are one of the most common ways of making money with a website. Text advertisements are nothing but ‘short text ads’ that get automatically displayed on a page of a website. The distribution of the ad on the website will be based on the context of its content.
 
Video Advertisements 
Video advertisements are improvised versions of text advertisements. You more often than not would have come across them in quite a number of websites. Video advertisements are incorporated into websites in the form of ‘short video ads’. These advertisements come in two options. They either are auto-played or will need to be clicked on to be played.
 
In-Content Advertisements 
Almost every website has content and in-content advertisements are ads that are linked to ‘keywords’ that exist within the content. In-content ads are a great way of increasing traffic to your website.
 
Jobs Board And Paid Reviews 
‘Jobs board’ refers to the act of embedding paid job listings on pages of your website. Paid reviews, on the other hand, refers to the process of a company charging another company or individuals for books, services or products reviewed.
 
Sponsors 
For this, you may need to possess great negotiation skills. The idea of sponsorship can be put together when you charge for the whole or part of the sponsorship of your website. Standard operating procedures dictate that fixed price agreements between sponsors and websites should last for a fixed period of time.  
 
Listing Of Directories 
This one’s pretty simple. You can begin by creating a directory on your website and then go ahead to charge suppliers who are looking to be listed on your site. Alternatively, you can list all of the suppliers and simply charge for an enhanced listing.
 
Subscriptions 
The term subscription is just another name for a ‘great way of making money. If you are not aware of it, it might surprise you to know that a large number of websites make most of their money via subscriptions. People or users of services can be asked to subscribe to podcasts, archive materials, online courses and maybe even key content. To ensure that you do well with the subscriptions, you will have to make it a point to offer niche services as opposed to offering run-of-the-mill services or products.
 
Sales, Sales And More Sales 
With the boom in e-commerce, you can bring in the bucks by making your website a souk of sorts. Think on the lines of global e-business giants and get going. You can sell a host of things with the assistance of your website. From e-books and software to audio and video files, you can sell almost anything. In any case, it’s not what you sell that matters; it’s all about making sure that what you are selling actually does sell. For the success of whatever it is you plan on selling, focus on making the whole process of buying and selling friendly to all parties involved. You might also want to be a little aggressive and innovative with your marketing efforts.

Must Read Classic Books


Don Quixote (Miguel de Cervantes)
Don Quixote is one of the greatest fictions ever published. This novel by a Spanish author Miguel de Cervantes is a story of a Moorish chronicler which was published in two editions. The first edition was published in 1605 and the second one in 1615. The novel reveals the ironic side of orthodoxy, truth, veracity and nationalism.
Gulliver’s Travels (Jonathan Swift)
This particular novel brings forth totally fascinating and extremely imaginary and exotic expeditions of Gulliver. The book was written by Jonathan Swift and was published in 1726. Gulliver was introduced as a surgeon in the first few editions after which his role was changed to that of a captain for various ships. An amended version of the book was published later in 1735. 
Vanity Fair (William Makepeace Thackeray)
This literary work by Makepeace Thackeray is a sarcastic masterpiece on the pretentious and hypocritical upper classes in the British society. It is a story of the protagonist Becky Sharp who uses her bewitching charm along with manipulative thoughts and deceit to attract rich men in the society and extract as much wealth as possible to climb up the superficial class ladder existing in the society.
Oliver Twist (Charles Dickens)
Oliver Twist is one of the masterpieces coming out of the creative mind of one of the most celebrated and prolific writer’s English literature has ever seen- Charles Dickens. In this classic novel Dickens brings forth the brutal realities of the existing social evils through the innocence of the character Oliver. The book revolves around the personal experiences of Oliver an orphan boy as a child labourer.
Pride And Prejudice (Jane Austen)
This book is an entertaining masterpiece and the most famous book of the author Jane Austin. The book got published first in 1813 and revolves around the life in a civilized rural society. The tale starts with misunderstandings in the society of that time. It is the lively and witty character of Elizabeth Bennet that attracted readers making the book one of the most celebrated classic work of all ages.
Wuthering Heights (Emily Bronte)
This classic masterpiece by Emily Bronte gives you a similar picture of that of any love story. It is a tale of love, passion and tragedy which gave to the literary world the powerful protagonist figure of Heathcliff who is a passionate lover in the beginning, but turns out to be an angry man wanting for revenge as the novel progresses. 
The Confessions (St. Augustine)
This autobiographical work by Saint Augustine is one of the best and most popular in the genre of autobiographies. The book was written in AD 397 and AD 398. The book is about the sinful youth times of Saint Augustine before he got converted to Christianity.

All Time Bestseller Books


Fiction
  • 1984 by George Orwell
  • To Kill a Mockingbird by Harper Lee
  • The Catcher in the Rye by J.D. Salinger
  • The Lord of the Rings by J.R.R. Tolkien
  • Pride and Prejudice by Jane Austen
  • The Great Gatsby by F. Scott Fitzgerald
  • Crime and Punishment by Fyodor Dostoevsky
  • Catch-22 by Joseph Heller
  • Lolita by Vladimir Nabokov
  • The Brothers Karamazov by Fyodor Dostoevsky
Non-Fiction
  • On the Origin of Species by Charles Darwin
  • The Republic by Plato
  • Walden by Henry David Thereau
  • The Wealth of Nations by Adam Smith
  • The Diary of a Young Girl by Anne Frank
  • The Prince by Niccolo Machiavelli
  • A People's History of the United States by Howard Zinn
  • The Principia by Sir Isaac Newton
  • Mere Christianity by C.S. Lewis
  • 1776 by David McCullough
Best Autobiographies/Biographies
  • The Autobiography of Malcolm X: As Told to Alex Haley by Alex Haley
  • Black Boy (The Restored Text Established by The Library of America) (Perennial Classics) by Richard Wright
  • The Heart of a Woman by Maya Angelou
  • Assata: An Autobiography (Lawrence Hill & Co.) by Assata Shakur
  • Bone Black: Memories of Girlhood by Bell Hooks
  • Long Walk to Freedom: The Autobiography of Nelson Mandela by Nelson Mandela
  • Indian Pilgrim: an unfinished autobiography by Subhas Chandra Bose
  • The Bell Jar: A Novel (Perennial Classics) by Sylvia Plath
  • The Bolivian Diary of Ernesto Che Guevara by Ernesto Guevara
  • The Ice Opinion: Who Gives a Fuck? by (Musician) Ice-T
Fantasy Novels
  • The Lord of the Rings by J. R. R. Tolkien
  • Harry Potter (series) by J. K. Rowling
  • The Wheel of Time (series) by Robert Jordan
  • The Lion, the Witch & the Wardrobe by C.S. Lewis
  • The Hobbit by J. R. R. Tolkien
  • A Song of Ice and Fire (series) by George R. R. Martin
  • The Golden Compass by Philip Pullman
  • Wizard’s First Rule by Terry Goodkind
  • Magician by Raymond E. Feist
  • The Belgariad (series) by David Eddings
Children Books
Picture Books
  • Alfie (series), by Shirley Hughes
  • Arthur (series), by Marc Brown
  • Babar (series), by Jean De Brunhoff
  • Bread and Jam for Frances, by Russell Hoban, illustrated by Lillian Hoban
  • A Chair for My Mother, by Vera Williams
  • Chicka Chicka Boom Boom, by Bill Martin Jr., illustrated by Lois Ehlert
  • Chrysanthemum, by Kevin Henkes
  • Doctor DeSoto, by William Steig
  • Dog Heaven, by Cynthia Rylant
  • Frog and Toad (series), by Arnold Lobel
Chapter Books
  • Alice’s Adventures in Wonderland, by Lewis Carroll, illustrated by Sir John Tenniel
  • Anastasia Krupnik, by Lois Lowry
  • Anne of Green Gables, by L.M. Montgomery
  • Are You There God? It’s Me, Margaret, by Judy Blume
  • Because of Winn-Dixie, by Kate DiCamillo
  • The Borrowers (series), by Mary Norton
  • Bridge to Terabithia, by Katherine Patterson
  • Charlotte’s Web, by E.B. White
  • The Devil’s Arithmetic, by Jane Yolen
  • Fallen Angels, by Walter Dean Myers