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24 July Somnath Chatterjee: End to a Long Lonely March Source: http://www.ibnlive.com/news/somnath-chatterjee-end-to-a-long-lonely-march/69461-3.html One doesn’t know what happens to Somnath Chatterjee from here. Even after his expulsion, he is constitutionally under no obligation to give up his office. After having battled so admirably with a Stalinist party structure, one would hope he stays on. Having expressed his desire not to continue in politics, he must adorn that chair which now befits the stature he has acquired over the years. Chatterjee has scored heavily in the past month simply by holding on, by being able to brave the onslaught of the party. He has demonstrated beyond doubt that he can take on apparatchiks and will, under no circumstance, mix his politics with his constitutional responsibilities. He has carefully stayed away from the glare of the media, avoided making unnecessary statements. He has not been drawn into any political discussion on his probable change in stance. It is quite possible that given the option, he would have actively pursued the Jyoti Basu line. He wouldn’t have been pushed easily into voting with the BJP. The CPI-M decision to expel Chatterjee was too predictable. The party knew – as much as the nation knew – that the special session of the fourteenth Lok Sabha belonged not just to Prime Minister Manmohan Singh. It belonged to an equally firm, resolute Bengali bhadralok, who contested his first election as an Independent-backed by the CPI-M. Chatterjee told a group of journalists after the tumultuous trust vote how it was the late Pramod Dasgupta who had sent over two comrades to make him sign on a blank piece of paper. That was his initiation into the party. That signature made him a card-holder. Yes, his relationship with the party has been quite loose. Chatterjee was the able lawyer who could command authority in the Lok Sabha. The party needed him and used him accordingly. They couldn’t afford to lose him. So when Chatterjee suffered a humiliating defeat to Mamata Banerjee in 1984, he had to be nominated without delay from Bolpur. After the death of Jyotirmoy Bose, he became almost indispensable. For the next 15 years, till he became Speaker, Chatterjee was the only CPI-M MP who could dictate terms when he rose to make a point. He was the party’s face in Parliament. So, it would be extremely unfair for the CPI-M to claim that they had created Somnath Chatterjee. Chatterjee’s rise had a lot to do with his oratorical talent, his legal acumen, his booming voice and his towering presence. By refusing to be an ordinary foot-soldier of the party, Chatterjee has now raised a question which the CPI-M hates addressing. Can a twenty-first century party be run by enforcing a form of discipline that smacks of Cold War sensibilities? The CPI-M has not been receiving the support of the new middle class because it demands complete surrender, subjugation of a nature that takes away the right to use one’s intellect. Not just that Chatterjee’s defiance has also raised eyebrows of the CPI-M’s differences with the Indian Constitution. From September 2007, the CPI-M has amply demonstrated that it is not common sense but ideology which decides national interest. By including the name of Chatterjee in the list of MPs who would vote against the nuclear deal, the party has undermined the Indian Constitution and questioned the Speaker’s impartial role. This expulsion and the preceding embarrassment could have been avoided if the leadership in Delhi was prudent and was not itching for a fight. Chatterjee knew he had lost the party. He probably didn’t assess that by losing the party he had gained national admiration. Overnight, he had become the darling of the middle classes. His many interventions were no longer being dismissed as those of a man who views himself at a headmaster. True, he is a stickler for rules and occasionally he runs the House with a brutal fairness which can be occasionally unfair to a hesitant debutante making his first speech. But then at the end of the day, he is a fair man, whose integrity and impartiality in running the House was never in doubt. Rahul Gandhi told Somnath Chatterjee during his trust vote speech that he had learnt a lot from him. And Chatterjee himself was more concerned about the health of former Prime Minister Atal Behari Vajpayee when the voting display boards were throwing up strange numbers. Those were significant frozen frames from a day that belonged to history. Nearly three decades ago, this reporter had borrowed a book on Mao’s Long March from Chatterjee’s library at his Raja Basanta Roy Road residence in Kolkata. Needless to say, the book was never returned. Now that Chatterjee’s own long march with his party comes to an end, it’s time to wish him a new beginning. 18 June Talking about Think before your Act || Pensez avant votre Loi || あなたの行為の前に考えなさいThink before your Act || Pensez avant votre Loi || あなたの行為の前に考えなさい
Think before your Act || Pensez avant votre Loi || あなたの行為の前に考えなさいNowadays all the forms of media have got a recurring item on Gorkhaland.We staying away from the ground reality know nothing about it. Nor do the people staying in the newsroom creating the report know much more than the person who is creating the actual report for them. Because what ever they create doesn’t come to us in full its deciphered and then produced. I am from West Bengal [WB], spent almost two decades on the land of Bengal. I have my loyalty to it so as others who have loyalty to their native state. But when you see some bad news about WB like a strike or some ugly agitation like that of Gorkhaland I really feel bad. Not because of me being from the state but because the TRUTH not being shown. Let’s try to ponder of some points before we come to a decision of whether the Gorkhaland be given? I asked a simple question to a couple of friends and I was not surprised by their response, as it was a common response any Indian would give. Question: what is meant by a GORKHA? Answers: a caste… no idea … Nepali … ! I think the same would have come if some one asked me instantaneously, but I was surprised when I did some research on this issue. The fact -- there are two groups of Gorkhas in India,
The Gorkha population resident in these territories became part of British India then. The Gorkhas participated in the Freedom Movement with Gandhiji and also joined the Azad Hind Fauj in big numbers. The tune of India’s national anthem Jana Gana Mana was taken from an original composition by Captain Ram Singh Thakur, a Gorkha in the INA. Two Gorkhas, Damber Singh Gurung and Ari Bahadur Gurung were members of the Constituent Assembly. Ari Bahadur Gurung was a member of the drafting committee. He is a signatory to the first Constitution of India.
Huh……. That’s a huge blow…..!!! lot more to come….. We are hearing about the GORKHALAND now, I think , they feel, will help seal their identity as Indians. But before going to the main question lets see the background of these leaders and the issue they are raising. The Political Scene: The GJM, formed late in 2007, has revived the demand for Gorkhaland and has been holding protests and rallies in support of a state that is to be carved out of West Bengal.GJM was formed by Bimal Gurung, earlier a councillor of the Darjeeling Gorkha Hill Council. He was a close associate of Subhas Ghising, president of the Gorkha National Liberation Force (GNLF). The two fell out in 2007 over the attempt to extend 6th Schedule status to Darjeeling. Under the 6th Schedule of the Indian Constitution, certain tribal-majority areas are given autonomy in administration. While the GNLF wanted the 6th Schedule status with enhanced powers for the Hill Council, the GJM desired full statehood. The Centre introduced the 6th Schedule to the Constitution Amendment Bills in Parliament in December 2007 but it was shelved. While the GNLF exists as a political organisation, almost its entire support base has moved to the GJM. After a visit to Kolkata in March this year, Ghising was barred from entering Darjeeling by the GJM until he resigned as caretaker administrator of the Hill Council. The term of the last Hill Council expired in 2004, and no elections were held thereafter. The West Bengal Government appointed Ghising as caretaker administrator, extending his term every six months until his resignation in March. Thereafter, Ghising has remained confined to his home in Darjeeling. The Topic: What is behind the demand for Gorkhaland o The demand for a separate administrative set-up for Gorkhas of India was first voiced in 1907, o when the premier civil-society body of the Gorkhas, the Hillmen’s Association, asked the British for an administrative set-up separate from Bengal. o In 1946, the then undivided Communist Party of India demanded that the Darjeeling areas be constituted in an entity called Gorkhastan. o The GNLF took up the issue in a big way from 1986. The current demand the current demand o The map for the current Gorkhaland envisages not only the three hills subdivisions of Darjeeling, Kalimpong and Kurseong, but also Siliguri and parts of the Dooars that fall in Cooch Behar and Jalpaiguri districts in North Bengal, extending up to the River Sunkosh on the border with Bhutan. o While the GNLF had included Dooars in its programme, it did not push for their inclusion in their map of Gorkhaland, a result of which was that when the DGHC formed only the hill subdivisions were included in it, leaving out chunks of the plains where large populations of Gorkhas reside. o The GJM has managed not only to garner the support of Gorkhas in the plains, but also of the Adivasis, who form a substantial percentage of the population of the Dooars. This has created tensions between the Bengalis of Siliguri and the Gorkhas. o A separate state of Gorkhas would be securing of their identity as Indians. Indian Gorkhas have long been misidentified as being citizens of Nepal and they feel that a state of their own will root them to India. The Gorkhaland of their imagination, therefore, does not only secure the economic development of the Darjeeling area but also the political identity of the over one crore Indian Gorkhas across the country. All these demands considered
I think the protesters have forgotten that India was dreamt as a country, which would be above the ethnic, cultural and linguistic distinctions between the populations. Independence was fought a ONE. I have visited the North-East many a times, and I believe that the region has been neglected by the Center a lot but again the constitution has made provisions [Hill Councils, Legislative Assemblies and MPs] where in the states can raise their voice. Creation of a new state ? haa haa… in paper it looks good but there should be some basic foundation to have this demand. Eg: Jharkhand, it was the resource well for the erstwhile Bihar state.It was the bread earner for Bihar. So It could think of better future if it could control the revenue generation models present in the state.They demanded and they got it. There was a political angle to it also. But Gorkhaland , whats their revenue… its majorly TOURISM… TOURISM… TOURISM…followed by Tea plantations and nothing else. Just imagine the revenue of a state dependent on two things and both being seasonal.Will the state survive alone to take up the expenses incurred . If you can answer this question its a BINGO ! When it comes to development I think since it’s a renowned Tourist destination the required development has happened.But the development activities are at the discretion of the GHC [ Gorkha Hill Council ] , if they don’t do it or take initiatives of doing it the Center or the State can’t be blamed for.People in the council need to be optimistic , futuristic and moreover less corrupt [ you can survive in Hills if you are Clean--- I think so !!]. Indian identity..hmmm…well in INDIA all are INDIANs if you can speak the native language or HINDI !! Jokes apart I think this issue can be dealt better by a campaign by the central government like the one Bengal government has done… it telecasts Nepali language program every evening..thus showing that Darjeeling and other neighbouring regions are a part of WB. It can create more job opportunities and create more facilities in these regions like better technical institutes, seats of learning so that the feeling of being INDIAN stays in the native. Gorkhaland shouldn’t be allowed to be created because if done so, India would open the gates for our enemies to enter.As the control will move to less experienced people who would be more bent to be corrupt than save the nation. So my request to the people in Darjeeling and other regions to think logically and then go ahead and not blindly follow people who want to ruin their fortune and make theirs. People like Gurung and others have ever thought of them nor will they ever do so.Their children will go abroad and outside the state to study while their supporters and the people staying there in the region will have to send their children within the state.
So think before you act…!
Reference: http://www.indianexpress.com 10 October Talking about mainu tera shabaab le baita ..!!!
Quote mainu tera shabaab le baita ..!!! 09 October Talking about KARNATKA's role in MAHABHARATH of Polictics
Quote KARNATKA's role in MAHABHARATH of Polictics 06 October KARNATKA's role in MAHABHARATH of PolicticsSome comments from Mr. H D DeveGowda...before his son Kumaraswamy lost his seat as CM of the state:
Source CNN IBN [dated 6-Oct-07]
At the same time, Gowda however squarely blamed the BJP for pushing the state to yet another election. "The solution to the present situation was not in my hands, but in the hands of the BJP, which has ruled the country for six years," Gowda said
"The BJP is afraid of JD(S)'s good showing in the recent local bodies elections," He claimed.
Before I write my comments my due respect to Mr H D DeveGowda. Wat has JD(S) given us? They are saying BJP as the cause for the mid term election,but I think its the reputation and step of HD,his sons and his party which has led to this step. Nobody is thinking of the LOSS to the state: all the development work will stop, huge funds will flow to the accounts of the political parties, waste of energy paper and time which could have been used for some other fruitfull place. For any party the POLL cost is less as the candidates pay the mere security and all the campaign expense is lobbied thru donations.Which again is the root of corruption. Huge amount of TAX money will go into this coming poll[which i see ..is predictable] none of the politicials pay tax...but they do acknowledge corruption...the STATE NEEDS TO GROW and I think JD(S) and Congress throughout their rule over KARNATAKA has made it feel as DRAUPADI in MAHABHARATA. Its high time for some sensible leadership to come over. 22 August Sabr kar....!!!Coming back to SWADES after many months ... well was stuck in many ups and downs in my life....thanks to some very special entities created by the ALL MIGHTY
 Well i think there are very few songs that can be related by each and every part of our life . The below mentioned song is one of them.I think...it has always motivated me and also at the same time taught me to be patient......thanks for RAVINDRA UPADHYAY for singing this song so beautifully.....the song has the same pain and emotion which i think everyone of us would have sung with if given a chance.
 If u have time do listen to the song....
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Hindi Song Title: Sabr Kar
Hindi Movie/Album Name: SUPER SINGER Singer(s): RAVINDRA UPADHYAY Hindi Lyrics: sabr kar - 2 sabr... (sabr kar - 4 der hain andher nahi maula ke ghar) - 2 sabr kar - 4 na baith ummede chod ke woh tujhko dega todke tere karmo ka phal laga hain jis jis shakh par sabr kar - 4 der hain andher nahi maula ke ghar sabr kar - 4 jo jab hona hain tab hona hain itni jyada fikra na kar tere dil ka haal woh jaane hotho se tu jikra na kar abhi waqt nahi tere saath mein hain intejaar tere haath mein waqt aane par hi teri manzil hogi hamsafar sabr kar - 4 der hain andher nahi maula ke ghar sabr kar - 4 teri mehnat sachhi hain toh tu bhi safal ho jaayega tu bhi safal ho jaayega sach hoga tera sapna har aansu kho jaayega har aansu kho jaayega teri mehnat sachhi hain toh tu bhi safal ho jaayega sach hoga tera sapna har aansu kho jaayega kya hua abhi joh dhoop hain yeh bhi jeevan ka roop hain barasna hain kab tujhpar badal ko hain khabar sabr kar - 4 der hain andher nahi maula ke ghar sabr kar - 4 08 March STATUS--- WIP !!!I never knew..life would be so hectic that there wont be any time to have a "proper" sleep.I remember one of my frnds sending me a sms..today at 5:10 am asking me to reply once i wake up...but she hardly knew that I had a good sleep many days ago.....
 . Life has changed a lot after joining my EPGDM ... new friends... new things to learn... new knowledge....and yes...no forget ...New ASSIGNEMENTS also...
I remember a saying..to get some ..u need to leave some.... now i know the meaning...!!
But to be frank... it has its own joy....I'm LOVIN IT....  24 July Forget Tipu Sultan’s sword... It’s his rocketsSource: The Telegraph -WB Edition
Forget Tipu Sultan’s sword. It’s his rockets that may earn him a higher place in world history.
The 18th-century ruler of Mysore devised the most advanced rockets of his time and used them as missiles in his war against the British. An impressed enemy adopted the pioneering invention, marking a trend-bucking technology transfer from India to the home of the Industrial Revolution. Tipu was the first general to use modern rocket technology — complete with combustion chamber, nozzle, warhead and launcher — says India’s BrahMos man, Dr A. Sivathanu Pillai, after a thorough investigation.
Pillai travelled to the Woolwich Art Museum in the UK for a look at the carefully preserved remnants of the rockets, used in the 1792 Third Anglo-Mysore War. He then visited the ruins of Tipu’s capital Srirangapatna, 120 km from Bangalore. A few calculations of his own, and Pillai had a clear picture. “The rockets were ingenious pieces with cast-iron chambers where 2 kg of gunpowder was stacked under pressure,” he told The Telegraph. “When ignited, the exhaust flowed out of a nozzle-like opening and, thanks to Newton’s third law of motion, a reaction took place. The rocket went off on rails (which functioned as a launcher) that gave it an initial momentum.” Most historians believe that rocket technology was born in China in the 13th century. Genghis Khan’s Mongol army learnt it and took it across the Caspian Sea, to be adapted later by Renaissance Europeans. But Pillai says Tipu’s missiles were a class apart. Historian Suryanath Kamath agrees but adds that although the rockets scattered the enemy, Tipu lost the war and had to pledge his two sons till he could pay an indemnity of Rs 3 crore to the British. The rockets were mostly fired from a dibba (mound), but Tipu also had a variant. Paintings at Srirangapatna (earlier known as Seringapatnam) show infantrymen holding hand-fired, sword-tipped rockets that probably had a shorter range. Tipu’s rocket division is believed to have had at least 5,000 men, or kushoons, in 27 formations. They were trained to be accurate, and even had a provision for launching three rockets simultaneously. “The rockets were manufactured in Taramandalpet in Bangalore where the sultan had an ordnance factory. He was a great innovator,” Kamath says. Pillai has found evidence of the Mysore army’s expertise in storing the missiles, too. “I saw the ruins of rocket storage places and ammunition dumps. Though there is no evidence as to how Tipu learnt its principles, there is clear-cut evidence that rockets were used.” Pillai will not be taking just a history lesson to Kalam but also a fervent plea for improved preservation of the scattered monuments, including the rocket dibba, that are maintained by the Archaeology Survey of India and the Karnataka archaeology department. “Other countries preserve their history well. Here, we need a certificate from the West to show off what is originally ours. It’s time to be proud of our heritage and rewrite the textbooks,” Pillai said. 03 July Rahul Bajaj at his BESTOne of the best interviews , ever by an Industrialist.. click below to go thru it....ITS WORTH GOING THRU IT...
23 June Shades of INDIAclick on this to see the different shades of INDIA.....and some of JAPAN also... :)
04 May True Kolkatan .............!!!You are a true Kolkatan if:
1. Residential Address: 45B comes between 30 and 30A. 2. You end up buying a salwar kameez,after reaching home you realize your friend has a similar one. Next day morning you rush to the shop again to replace it. 3. Your street has at least one roadside Fuchkawala where you ask for a free FUCHKA..which is obviously more delicious than the previous one. 4. Your answer is "Jani na Dada",when somebody asks you for directions,whether it is to Esplanade, Metro rail, Nandan or Gariahat. 5. You come across a Xerox shop with 'Xerox machine out of order' sign. 6. PCOs also sell Ice creams. 7. Universal Bandh Supporter. 9. you find office goers r better traffic controllers,and you join in to criticise the Traffic man from the bus. 10. Parents are proud to tell others " Chele Computer er kaaj kore' whether he is a cashier in a departmental store or a Senior Software developer. 11. You have at least one cousin, friend, colleague or acquaintance in the US in software industry. 12. Everytime somebody gives you a piece of good news, you becme frustrated and the first thing you ask them is 'Sotti? Kibhabe holo?' 13. First day at Book Fair you locate the important stalls like AARAMBAG'S CHICKEN and BENFISH. 14. You call 11 AM "Sokkal sokkal.....". 15. You label your boss as "S***A" 16. You are 1hr late and you feel you are on time. 17. You look at the 'Rs.90 Fixed price' stand and still ask "15 taka ..ar ek poisa beshi na..deben to din". and wait for his response. And at the end of 30 mins and a lot of argument u buy it for 85/-. 18. You are reading this and secretly admitting that you are, after all, a true blue Kolkatan. After all, you know ..... Kolkata amar..Kolkata Apnar..Kolkata sokoler  25 April World's costliest Advertisement This is the world's costliest Advertisement and the
winner of this year's best Ad of the world. some 6.2 million US Dollars and 606 takes and retakes.
http://www.steelcitysfinest.com/HondaAccordAd.htm MTV ENJOYYYYYYYYYYYYYYYYYYYYYYYYY..............................!!!!!!!!!!!! 22 April WAKE UP PEOPLE…… WAKE UP….!!!!!!!April 12th was black day for Karnataka…their very own Dr Rajkumar; the thespian actor expired that day due to cardiac arrest. Well I have not seen any of his movies but what I can remember from my 8 years of stay in Bangalore is that…he was a powerful actor…. huge fan base . But what happened on 12th and 13th -Pelting stones…on cars,buses,offices ; bringing the city to a complete standstill didn’t show the correct picture by the people of Karnataka to the outside world. This shows that though the people are staying in the Urban areas….but still their thinking is not URBANIZED. Rajkumar died a natural death…there was no conspiracy to kill him. There was no need to close the whole of city after his death, was the whole city closed when any of the National level leaders expired NO IT WAS NOT, then why for RAJKUMAR? This is were North/West/East scores upon South of India…. they don’t take Actors as GOD By closing , burning the whole what did the so called FAN..think…they would get HIM back…or will get alive…The administration was also at fault…they should have also have had a plan to take care of these situations wherein some VVIP die….!!!! Now the question arises why was RAJKUMAR considered as GOD ??? well in my opinion….. he entered the FILM Industry when the TV sets were expensive…hence the only mean of entertainment were FILMS…and his entry was thru a mythological movie..followed by many of them…Hence people took him as GOD…he had captivated the mindset of the people. Then he started a movement to make KANNADA as the medium of instruction in KARNATAKA…hence touching the sentiments of the people..hence leading to the difference between the NORTH and SOUTH, and u can feel that effect till today…as most people here are not able to understand HINDI nor speak it. Wat did RAJKUMAR do for KARNATAKA ? is my question!!!!!!!!!!!!! o Did he do anything for the upliftment of the City or the state…!!! o He was an actor…and he was paid for it..he didn’t do it for free .I think he was paid for it ….and he capitalized upon his fame o He could have used his fame to abolish the north south feeling.
His death was and is a great loss for the state…but by closing the state for a day …resulted in loss…what about those people who are on daily wages…what about people who were stranded on the airport, railway and bus stations….who were forced to pay more to the Taxi and the auto….!!! May his SOUL rest in peace…..but not those who politicized his death20 April Luv U .......GODMy buddy[Manish] got engaged and hence we decided to have a bachelor party for him... a real one...but then some of our frnds gave a VETO to the idea..so we decided to buy Champagne... and decided to have the party in one of the MOTEL on the highway... ROAD....MUSIC.....FOOD.....DRINKS....and DANCE..and yes....some amount of FIGHT also done by others. The best part was...i opened the Champagne bottle....one of my colleagues.. threw it all over.. and it fell on some other people. we told them sorry.. they didnt listen as they were drunk... hence broke the bottle threw chair..: before we could do something..our waiter[ whom we had given the TIP before hand] fought from our and his hotel's side But i was saved by an inch as the beer bottle was broken very much near to my body..those people were hammered like anything.... THANKS GOD.....for taking care...LUV U.........!!!!!!!!!!  16 February Is Low NAV Cheap?Source: www.valueresearchonline.com
 Is Low NAV Cheap? Investors should ignore the net asset value when they buy a mutual fund Is a fund with a low NAV a better investment option than a fund with a higher NAV? Since you can buy more units when the NAV is low, isn't it cheaper? Should mutual fund schemes with a higher NAV be avoided? These are questions, which trouble many first-time investors in mutual funds.
The answer to these questions is that it is irrelevant how high or low the NAV of a fund is. The amount of your investment remaining unchanged, between two funds with identical portfolios, a low NAV would mean a higher number of units held and consequently a high NAV would mean lower number of units held. But under both circumstances, the product of the number of units and the applicable NAV, which is the value of your investment, would be identical. Thus it is the stocks in a portfolio that determine returns from a fund, the value of the NAV being immaterial.
When one sells those units, the return will be the same as that of another scheme, which has performed similarly. The 'cost' of a scheme in terms of its NAV has nothing to do with returns. What you want to buy in a scheme is its performance. The only instance where a higher NAV may adversely affect you is where a dividend has to be received. This happens because a scheme with a higher NAV will result in a fewer number of units and as dividends are paid out on face value, higher NAV will result in lower absolute dividends due to the smaller number of units. But even here, total returns will remain the same.
So from whichever angle you see it, the NAV makes no difference to returns. Mutual fund schemes have to be judged on their performance. And the simplest way to do this is to compare returns over similar periods. 06 February Can't stop this thing we startedThe month of February couldn't have come soon enough.Suddenly, there was a blur of black on stage, followed by a familiar voice saying "Wassup" .It took the crowd a minute to register the fact that Bryan Adams was on. The applause that followed was deafening.From then on, it was a roller coaster ride. The hits came on fast and furious -- Let's make a night, Only thing that looks good on me, Everything I do, Life is an open road, All for love, Can't stop this thing we started and perennial favourites.An excellent performer, Bryan had the crowd on its feet, compelling us all to interact throughout. Whether it was making us sing alternate lines (almost the entire song in the case of Summer of 69), dancing with his guitar, or making everyone get out their cell phones and wave them in the dark -- he kept the fans involved. At one point, he stepped off stage and shook hands with everyone in the front row while singing "You'll always have the best of me…"
But none of this matched the hysteria when he picked someone from the crowd to sing When you're gone with him! The girl got an embrace from him and, to her credit, performed the song pretty well for someone who looked so stunned. Bryan also gave her two T-shirts.Other highlights included some serious playing from lead guitarist Keith Scott, making Kids wanna rock even more memorable. At about 9:20 pm, after introducing his band members, Bryan left the stage. He was back a few minutes later, mischievous smile in place, for an encore -- Cloud no 9. Two more songs, and he was off again. This time, nobody moved.And then, he was gone. "Until next time," he yelled, disappearing. It was 10 pm, and the show really was over. Nobody wanted to leave, but, eventually, we all did. The feeling I got, steeping out into the night, was that Bryan Adams is always welcome. A lot of us would love to see more of him in future. The hysteria for the Canadian rocker is far from over. In fact, I think it's only just begun. 02 February Rich make money work for themRich don't work for money – they make money work for them. What is the difference between making money work for you and working for money? In first case where individual makes money work for him or her, he or she becomes master of money.
In second case where individual works for money, she or he becomes slave of money and money becomes his or her master. Well known fact is that money is a very good slave but extremely poor master. How can one make money his or her slave? Simple, by regularly saving and investing. Whenever you earn, first pay yourself. Invest at least 10 per cent of your gross income. Over a period of time your investments will grow and start generating returns. Soon you will reach a stage where return from investments are enough to take care of routine expenses. Moment you reach that stage you are on fast track. Your investment will generate return to take care of your life style and your fresh new earnings will increase your investment corpus. Now you are not working for money. Your investments are working for you. Money is your slave and you are its master. Remember one golden rule in life, earn-save-spend. People who follow this will eventually make money their slave. There are other set of people. They first earn than spend and lastly save. They will always remain slave of money. When they earn more they spend more. If they do not earn more they probably will borrow. People who cannot control expenses and save become slave of money. They will have to keep working for money whole of their life. In first instance people are working for themselves. Whatever they earn they save for themselves. From their savings they further generate returns for themselves. Second set of people work for others. When they spend on goods and services, shopkeepers and service providers earn profit, so they are working for them.
If they borrow money, they pay interest. Interest paid by these people is income for someone else and hence they are earning for the lenders. These people even end up paying higher tax. This is because all governments give tax benefits to savers, no government gives tax benefit to spenders. Being spenders first they work for paying taxes. After paying everyone, if there is any surplus left they are able to save or should we say spend? Another important thing rich do is to create assets. Others create liabilities. Definition of asset is different for financial planning perspective. Any cash outflow which has potential to generate returns either immediately or in distant future is an asset. Rich invest in income generating assets. On the other hand majority of people create liability. If any of your outflows are likely going to result in spending either now or in further future it is liability. For example when one invests in fixed deposit she or he will generate income by way of interest and hence it is an asset. On the other hand if one buys car, she or he is likely to further incur expenses by way of fuel, maintenance etc and hence from financial planning perspective car is a liability. Often people struggle even after earning more or getting pay hikes is because they would have created lots of liabilities. They would continue working for all those liabilities. An investment is like sowing a seed. Initially you need to water it but soon it starts fending for itself and grow. The rich sow seeds of assets and later make the assets work for them. The others sow the seeds of liabilities and work for them. Invest smart: tips and tricks Source: www.ibnlive.com
Are you young, earning big and want to know how to invest right? Here are five smart ways to do so. 1. Your ideal portfolio is one with 90 per cent in Equity Mutual Funds, and 10 per cent in fixed return products like PPF, Recurring Deposits, Bank Deposits 2. If you want to save on a regular basis, you could go in for a systematic investment plan (SIP) in a diversified mutual fund scheme. It is like a recurring deposit itself but is more beneficial 3. Invest in short term (money market) mutual fund schemes. The returns are higher and the liquidity is great 4. Choose a low cost term insurance policy, which is the cheapest form of insurance. An endowment or money back policy is not required when you don't have dependants 5. Go in for Equity Linked Saving Schemes (ELSS) investments. This way, your exposure to equity goes up and it also helps in tax saving. Prefer them over NSC and infrastructure bonds whose returns are very low when compared to equity. Hanuman Chalisa-English [ with meaning]Shree Guru Charan Saroj Raj, Nij Man Mukar Sudhari, |
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