Gold Savings In India
September 26, 2013 2 Comments
In urban India,people invest 10-15% of their investible surplus in gold.In rural India,affluent farmers typically park 50% of their surplus funds in gold.
Teak Farming Anybody?
September 26, 2013 Leave a comment
- There was an era when people made fortunes supplying teak wood for railway sleepers,
- Ship hulls were made of teak wood.
- Now wood is mostly used for furniture and paneling by the well to do,
And a lot op people selling teak plantation dreams today are scamsters.However,should the experiments above,capture the fancy of people,there might be a revival in demand for quality timber,Then perhaps it might be a time to get into teak farming,In the meanwhile,we could nurture our existing trees.they might be a source of a windfall a few years down the line and in the meantime you are unlikely to be a loser:Link
Aadhaar Card No Longer Compulsory
September 26, 2013 1 Comment
I am relieved to find that getting an Aadhaar Card is no longer mandatory.Link.
I am far from enthusiastic about giving private parties access to my finger-prints and retina scans.Finger-prints are used as evidence in criminal cases.In the days of identity thefts and electronic frauds do I really want my prints to be stored in some database,along with other personal information,ready for some smart hacker to come along and harvest?
A couple of banks and the post office have jumped onto the Aadhaar bandwagon and have been aggressively pushing me to go get an Aadhaar Card.I guess direct money transfers represents big business for them.
However as I receive no doles/subsidies from the government and am concerned with frauds such as this one reported in the press:Link,I have been postponing getting an Aaadhaar card.
Now I’ll be happy to cite this interim judgement of the Supreme Court to any organization pushing me to get enrolled.
The New Insurance Repository System
September 26, 2013 Leave a comment
Recently the IRDA has launched the Insurance repository system.Here’s more about the system:
1) What is an insurance repository?
It is a facility that allows you to hold insurance plans in the demat form. As is the case with shares and bonds, which can be held in a demat account with a depository, you can keep your insurance policies in an e-insurance account with an insurance repository.
2) How can you open an e-insurance account?
A policyholder can open an e-insurance account with any of the five repositories approved by Irda. These include the NSDL Database Management, Central Insurance Repository, SHCIL Projects, CAMS Repository Services and Karvy Insurance Repository. Irda has also stipulated that an individual can have only one e-insurance account.
3) What if you have policies from different insurers?
Even if you have policies from multiple insurance companies, they can be stored in the same account. Right now, only life insurance policies and pension plans are being allowed to be held in e-insurance accounts. However, the facility will eventually be extended to health, car, home and other forms of general insurance. Read more of this post
Working The Golf Course
September 25, 2013 Leave a comment
Are you planning on networking over golf?If so,here are some things to remember:
Do Your Homework When Picking Out a Course: It should be one all of you will enjoy. Find out if the course has just aerated the greens. If so, steer clear. Is there major construction in the clubhouse or facilities? Where you choose to tee-off says a lot about how detail-oriented you are at work.
Be on Your Best Behaviour :Sports are revealing, your true personality is bound to show. Do you cheat? Are you a sore loser? Do you want your fellow players to think highly of you? Then put your best foot forward.
Observe Dress Codes :Picking the right outfit is also a test. Don’t be sloppy. Pick a style that works for you out of golf’s many fashion trends . Read more of this post
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