postaday | wealthymatters

The Hp Android IndiBlogger Meet

September 1, 2013 Leave a comment

wealthymatters

Its been a long long while since I have bothered to write about any of the IndiBlogger meets. Mostly I leave them borderline pissed and can’t be bothered.However,this meet was different.I’m hoping that recording all the things I loved about the meet will act as positive reinforcement. Renie and co. are you listening?Do you care anyways?

The first positive was the location.A nice South Bombay location for a change, not some airport hotel stuck among warehouses and requiring a 2hr commute in grid-locked traffic.I did observe that this time too people unfamiliar with the area had problems reaching the venue.Next time how about publishing the nearest train station and local transport available upto the venue,not just a Google Map?Also heritage buildings are really my thing and I love tasteful renovations and redevelopments.First the TOI building,now this….Do keep them coming. Plus Ave29 was a pretty nice business to observe. Read more of this post

Filed under Tidbits Tagged with 3G, Android, Android environment, Blackberry, Box, CyberLink, Dell laptop, dollar credit, Evernote, Hp Android IndiBlogger Meet, I pad, Kingsoft Office, laptop, Linux, mac, netbook, Nokia E-Series, notebook, postaday, Samsung Galaxy Tab, Skitch, SlateBookx2, Splashtop, tablet, Tegra4 processor, videocalling, WiFi Hotspots, Windows

Private Gold In India

August 31, 2013 2 Comments

Ever wondered how much gold is in private hands in India?Well the country, as a whole, is estimated to have a gold stock of 18,000-30,000 tonnes.Not so much when we consider a billion plus population-Not even 3 milligrams per person!

The picture on the left is the exception not the norm.

Filed under Precious Metals, Tool Kit Tagged with estimates of private gold holdings in India, Indian Bride, Indian bride gold, postaday

Tirupati’s Gold

August 31, 2013 15 Comments

Tirupati is among the world’s richest temples with an estimated gold hoard of about 1,000 tonnes, nearly double of India’s estimated imports this year.

Filed under Tidbits Tagged with postaday, Tirupati Gold, Tirupati Gold Dome, Tirupati Gold Holdings

Going For Divine Gold

August 31, 2013 2 Comments

wealthymatters

When the going gets tough,the only thing that seems to work is gold.Not only is the government trying to leverage private gold through the Bullion Corporation Of India,but temple hordes too don’t seem to be inviolate.Here’s what today’s TOI reports:

The Tirupati temple in Andhra Pradesh, Shirdi Sai Baba temple in Maharashtra, Siddhivinayak at Mumbai and Padmanabhaswamy temple in Thiruvananthapuram are among the richest in India with huge reserves of gold and precious metals. In fact, the roofs of many temples, such as the Nataraja temple in Chidambaram, Tamil Nadu, and Tirupati are covered with gold. RBI is counting on banks handling the accounts of these temple trusts to convince them to convert their huge gold deposits into cash, the bankers said.

Apparently we don’t need foreign invaders of the Ghazni variety to think of pillaging temple gold.

Here’s hoping that the non government trustees of these temples manage to keep there temple treasures safe!

Filed under Tidbits Tagged with Bullion Corporation of India, Natraja temple Chidambaram Gold Dome, Padmanabhaswamy Temple Gold, postaday, Shirdi Sai Baba Gold, Siddhivinayak Gold Auction, Tirupati Temple Gold

The PMs Assessment Of The Situation

August 31, 2013 Leave a comment

wealthymatters There’s a lot of shrill commentary in the press on economic matters.If,like me, you happened to miss the LS debates of yesterday,here is the full test of MMSs speech in the Lok Sabha explaining his take of the economic situation in the country:

Madam Speaker and Hon’ble Members of this august House,

“The movement of the exchange rate of the Indian Rupee recently has been a matter of concern. The Rupee has depreciated sharply against the dollar since the last week of May. There are concerns, and justifiably so, of the impact this would have on our economy.

What triggered the sharp and sudden depreciation was the markets’ reaction to certain unexpected external developments. On May 22, 2013, the US Federal Reserve Bank indicated that it would soon ‘taper’ its quantitative easing as the US economy was recovering. This led to a reversal of capital flows to emerging economies which are now sharply pulling down not just the Rupee, but also the Brazilian Real, the Turkish Lira, the Indonesian Rupiah, the South African Rand and many other currencies. Read more of this post