This came in an SMS just now:
It is a proven fact:
No one is safe in Pakistan
Not even Osama Bin Laden
But everyone is safe in India
Even Ajmal Kasab!
Wednesday, May 4, 2011
So RBI has increased the savings account deposit rate to 4%. To be frank, I don't remember the changes in this rate in 1992 and 2003. I was too young to worry about money matters in the former and too dumb to ignore the monetary side of life in the latter. :-(
The other day I was reading an article about the program that Monika Halan comperes on NDTV. She said that women do have this tendency to think that they cannot manage finance - or something to that effect. I was angry at first. But when I reflected on it, I found that it was true as far as I am concerned.
Before MBA, that was precisely what I used to think about investments. During the course of my MBA, I took finance courses to get familiar with the basics and in the vague hopes of securing a toehold in the Finance sector. Though the hope remained nothing more than wishful thinking, I succeeded in my first objective. Of course, I am not saying I passed the finance courses with flying colors. But somewhere, it gave me the confidence that I am not as dumb as I was suspecting all along when it comes to understanding money. An added advantage was that I actually started liking reading about Finance. :-)
So I agree fully with Ms Halan when she said that once this initial hurdle is crossed, then women will be on a roll as far as personal finance goes.
Okay, now back to the rate increase. I wasn't too thrilled about it as the 0.5% increase is not going to make a billionaire out of me. But something in an article in The Mint caught my attention. One person from the Banking industry had said that this will bring in a slew of innovative products like e.g. a tiered structure of deposits where once the amount crosses a certain threshold, a new rate kicks in. That should be interesting but I guess the RBI should take a few pages out of Sebi's and IRDA's notebook to fight the bogeyman called 'Mis-selling'!
P.S. Another confession is in order. I cannot, for the life of me, remember which rate - repo or reverse repo - injects liquidity in the system. If you have any handy tips for the same, do drop a line :-)
The other day I was reading an article about the program that Monika Halan comperes on NDTV. She said that women do have this tendency to think that they cannot manage finance - or something to that effect. I was angry at first. But when I reflected on it, I found that it was true as far as I am concerned.
Before MBA, that was precisely what I used to think about investments. During the course of my MBA, I took finance courses to get familiar with the basics and in the vague hopes of securing a toehold in the Finance sector. Though the hope remained nothing more than wishful thinking, I succeeded in my first objective. Of course, I am not saying I passed the finance courses with flying colors. But somewhere, it gave me the confidence that I am not as dumb as I was suspecting all along when it comes to understanding money. An added advantage was that I actually started liking reading about Finance. :-)
So I agree fully with Ms Halan when she said that once this initial hurdle is crossed, then women will be on a roll as far as personal finance goes.
Okay, now back to the rate increase. I wasn't too thrilled about it as the 0.5% increase is not going to make a billionaire out of me. But something in an article in The Mint caught my attention. One person from the Banking industry had said that this will bring in a slew of innovative products like e.g. a tiered structure of deposits where once the amount crosses a certain threshold, a new rate kicks in. That should be interesting but I guess the RBI should take a few pages out of Sebi's and IRDA's notebook to fight the bogeyman called 'Mis-selling'!
P.S. Another confession is in order. I cannot, for the life of me, remember which rate - repo or reverse repo - injects liquidity in the system. If you have any handy tips for the same, do drop a line :-)
Tuesday, May 3, 2011
आठवणीतली गाणी
जुनी मराठी गाणी ऐकायला आवडतात? मग ही साईट जरूर पहा - http://www.aathavanitli-gani.com/
There is one ad that makes me go "Ewwww" every time it is aired. It is for the Domex toilet cleaner. The lady promoting the product actually runs her right hand along the inside of an Indian-style toilet to prove that their are no germs. Ewwww! I cannot for the life of me figure out what must be going through the mind of the person who conceived this ad :-(
Many a times now-a-days I wonder what the Media is coming to. I was surfing through the channels yesterday in hopes of finding a decent account of what actually transpired in the city of Abbotabad. I chanced upon one channel that was showing footage of everything from Laden's bed, his medicine and his clothes. I hurriedly reached for the remote to change the channel before they showed me Laden's toilet! For heaven's sake, guys, STOP showing the inane stuff. The viewers might be watching this at the end of a long tiring day but that does not necessarily mean that they have their brains shut off :-(
Siddhagiri Museum
Wanna see an Indian Village in all its past glory? Visit http://www.siddhagirimuseum.org/. While you are at it, also check out their other 2 museums.
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