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Axis Pay


wealthymatters

Like PayPal and similar payment systems that you can operate without giving out or asking for other people’s bank or credit card details? A PayPal-like service with no fees? A PayPal-like service that allows instant money transfers and receipts ?

Now you have Axis Pay.Axis Pay is an easy to use app which you can link to any bank account, even those not with Axis Bank, to send or receive payments to anybody instantly and securely, with just your name. And all for free !!!!

Axis pay is powered by the UPI. UPI stands for Unified Payments Interface which is a platform provided by the NPCI ,i.e. National Payments Corporation of India, to facilitate inter-operability among various banks. It’s a one stop solution for multiple bank accounts ,in various banks, accessible via one app. It allows all account holders to send and receive money using their smartphones with a single identifier called virtual payments address(VPA) .VPA is a unique ID which a person must create and link to any of their bank accounts to make secure payments. This unique ID can be yourname@axisbank or mobilenumber@axisbank etc which is easy to remember. Each VPA is unique to a particular user. So there is no need to know the payee’s or payer’s IFSC code, bank account details, etc. and this makes the process less taxing on the a person’s memory. Read more of this post

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The Fluid Nature Of Wealth


wealthymattersChanchala, the restless and whimsical one, who does not like to stay in one place, is one of the names of Lakshmi . She loves to move around and so people are advised not to keep images of her in the house where she is shown standing; she may feel unwelcome and she may leave. So in traditional images she is always shown seated comfortably on a lotus.

The whole point of this rather visual characterization is to inform people that wealth loves to move. The value of wealth emerges only when it exchanges hands. Lakshmi’s symbol is her foot print and it is always drawn pointing into the house. The idea being to align the restless and mobile nature of the goddess with our own desire to see fortune favor us.

Realizing the criticality of Lakshmi’s movement, rituals were created to encourage the flow of wealth in society. Typically, on festival days people were advised to wear new clothes. New clothes meant income for the weaver which in turn meant income for dyers, spinners and farmers who grew the cotton and silk. People were also encouraged to break old pots and buy new pots in festival time thereby boosting the income of potters and the economy. In festivals like Dhanteras, people are encouraged to buy metal, especially iron and gold which in turn helped metal smiths and miners.Another important ritual was the exchange of gifts, especially food items, either prepared at home or bought from the sweet shop and shared with friends and neighbors. During festival time, the arts were encouraged thereby providing livelihood to artists. Musicians, dancers, singers, street performers were invited by landlords to entertain the village. Read more of this post

Lakshmi, Saraswati And Wealth


wealthymatters

The common belief is that Lakshmi (goddess of wealth) and Saraswati (goddess of knowledge) always fight and avoid staying in the same place. This is based on the observation that rich businessmen tend to be uneducated and educated people tend to be poor. This is also based on the assumption that Saraswati is the goddess of education, learning and training. This understanding of Saraswati is rather pedestrian, and lacks insight. Read more of this post

Lakshmi And The Owl


wealthymattersIn Orissa and Bengal, Lakshmi images include a white owl. In local belief, white owls have come to be associated with auspiciousness and good luck because of their association with the goddess. Who is this owl? Scriptures do not clarify.

Some say, Lakshmi rides the owl; others believe the owl simply accompanies her, while she rides on a elephant, the latter being a more appropriate vehicle for the goddess who is associated with wealth, power, and royal splendour.

Owls are solitary creatures, who sleep all day and prowl at night. Because of their nocturnal activity and screeching call, they have been associated with bad luck and death, leading to the conclusion that she is Alakshmi, Lakshmi’s elder twin, the goddess of strife and misfortune. But because of its round eyes that never move and stare straight ahead, the owl has been associated with wisdom . The term “lord with circular eyes” (Choka-dola) is used to refer to Jagannath, the form of Krishna-Vishnu worshipped in Puri, Orissa, leading to speculation that the owl actually represents Lakshmi’s consort, Vishnu. Favoring this line of thought, is the fact that in Hindu mythology, the vahana or vehicle of a deity is always male, not female. But the idea that Lakshmi would ride her own husband, though acceptable to feminists, is abhorrent to traditionalists. They insist that the owl accompanies the goddess; she does not ride it. If she does not ride the owl, then it could be  either Vishnu, or Alakshmi. Read more of this post

A Colony Once Again


wealthymattersA well-kept open secret: Washington is behind India’s brutal experiment of abolishing most cash – Norbert Häring

In early November, without warning, the Indian government declared the two largest denomination bills invalid, abolishing over 80 percent of circulating cash by value. Amidst all the commotion and outrage this caused, nobody seems to have taken note of the decisive role that Washington played in this. That is surprising, as Washington’s role has been disguised only very superficially. Read more of this post

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