Archive for February, 2010
Dr. Manmohan Singh
Feb 25th
A self-confessed “politician by accident” Dr. Singh has the unique distinction of having been in politics for nearly two decades without a single dent in his reputation for unswerving integrity. He is an academician by inclination and training, became a bureaucrat by profession and a politician by compulsion, almost against his will.From a humble migrant background he emerged as a bright scholar with a Masters from Punjab and a further degree and doctorate from Cambridge and Oxford. After a short teaching stint in Delhi he joined Government where he eventually became Secretary, Economic Affairs and Governor, Reserve bank.991 was a More >
Indira Gandhi
Feb 21st
She may be revered, she may be detested but she cannot be ignored. Her descriptions remind me of the elephant and the blind men. Every person who has known her or read about her or heard her or experienced her regime has a view based narrowly on his or her own personal perception.There is one who said ‘India is Indira, Indira is India” , There are many who said she wielded goddess Kali’s power to destroy evil, others said she herself was evil personified. Persons who worked with her every day – called sycophants by her detractors – swore by More >
Tiger Woods
Feb 17th
Tiger Woods is in virtual exile, I feel unnecessarily so. He has opted for this in an effort to retrieve what he can from a ravaged domestic life – and he has failed or has he ? Does he really deserve the hell that he is going through, threat of divorce, sudden exposures of his many liaisons with a variety of women, loss of endorsement contracts and the sudden explosion of outrage over his infidelity ? I should think not. That is because it is the same millions of critics, detractors and principals who acknowledged his incredible talent and gave More >
Bank Fixed Deposits
Feb 13th
A Bank Fixed Deposit scheme is offered by most banks to those who have money they wish to deposit. The period is usually fixed anywhere from 15 days to 5 years. On maturity, the depositor gets a fixed amount (Principal + interest). Bank fixed deposits are generally safe because they come under the jurisdiction of the Reserve Bank. Fixed Deposits attract a higher interest than savings bank account. Within certain guidelines, banks are free to offer different rates based on various time periods. Senior citizens are generally offered about 0.5% to 1% more. The deposit amounts can vary from Rs. More >
Public Provident Fund
Feb 9th
Savings are very important as a source of funds for development expenditure. They are very critical to the health of an economy. The Government of India has many savings schemes for all brackets of society. The salient features of the Government Savings Schemes are: Risk free investment, higher interest rates, nomination facility etc. The principal aim of small savings is to use the money generated for development schemes of the state. These savings schemes are very popular among the common people as they provide higher returns and low risk. The Post Office Savings schemes are some of the most popular More >
Credit Cards
Feb 5th
In an effort to make life a bit easier, the introduction of Credit Cards by financial institutions have been a great help to those who believe in ‘plastic money’. It is prudent to select the type of Credit card that best suits one’s individual needs. Some points to note regarding Standard Credit Cards are: You are allowed a maximum credit limit (based on conditions laid by the Card company) and your financial strength. This credit indicates how much money you can use for making purchases or for withdrawing or transferring cash (if allowed). For cardholders who go over the limits, More >
Insurance
Feb 1st
In today’s life, medium income families need to plan for the high educational cost of children. One such plan from LIC of India is the Jeevan Anurag designed specifically for such a need. Any parent can avail of this policy for their children. With flexible options for payment of premium like a single premium a year or payment at regular intervals, this makes payment options flexible depending on the payment capacity of the policy holder. You also have a grace period of 30 days for payment of quarterly, half yearly and annual premium and a 15-day grace period for monthly More >