Posted in Corporate, Life, Updates.
In an Exclusive interview with Saumil Shrivastava, an IIT Bombay graduate and Author of “A Roller Coaster Ride – When an IITian Met a BITSian Girl” talks to Pankaj Batra about writing, life and other non-literary things.
Continued…
By Pankaj Batra
– June 30, 2010
Posted in Life, Management, Motivation.
Below is one of the better forwarded mail, I have ever received. Thanks to Sandeep Bhutani for sharing this.
Continued…
By Pankaj Batra
– June 14, 2010
Posted in Food, India, Life, Travel.
To add one more item to my “Been There, Done that” list, this weekend I covered most famous part of food capital of India, the Chandni Chowk.
After Delhi Metro’s arrival to this most famous and oldest place in Delhi, It has become much easier for anybody to come here. So I also took the same to reach here from Gurgaon (taken metro from Dwarka station) .
As soon as you enter Chandni Chowk streets, you feel like its a different world (specially if you are coming from city of malls). This place is a mixture of religion, food, chaos, history, modernity, tradition and commerce. People moving fast here and there in narrow lanes. On every corner you will find something special to eat.
Most of the shops in Chandni Chowk are handed over from father to son, most of them now being managed by the fourth or fifth generations. There are examples of halwais, namkeenwalahs, paranthewalahs and many others. Every shop has its own specialty.
Continued…
By Pankaj Batra
– June 13, 2010
Posted in Education, Finance, India.
There is an important announcement regarding cheque alterations.
As per RBI Circular – DPSS.CO.CHD.No. 1832/01.07.05/2009-10 dated February 22, 2010 with effect from July December 01, 2010 no alterations in cheque will be allowed (even if signature is made at the place of alteration). This kinds of altered cheques will not be honored by Bank.
As per the guideline:
1. You are no longer allowed to alter the amount or the payee name while issuing a cheque.
2. Cheques with such corrections will no longer be honored effective July December 01, 2010.
Please issue a fresh cheque in case you need to make any correction.
Update: RBI has notified that the new directive introduced is valid only for cheque truncation system (CTS).
This system is currently being used only in cheque clearing in NCR (National Capital Region) region. All other regions still use MICR system. CTS would be implemented all over India from 1 December, 2010.
So clients outside NCR don’t have to worry about the new directive.
Reserve Bank of India has stated that the new directive introduced on cheque modifications is valid for cheque truncation system (CTS).
Presently CTS is being used in the clearing house of RBI based in the National Capital Region (NCR). The clearing houses in other regions use the MICR system for cheque clearing. This new directive does not hold for clearance carried for over the counter, MICR , non MICR cheques.
RBI has said that CTS would be introduced from 1 December, 2010.
The central bank is taking measures to clear the air on the confusion caused by its new directive on cheques called, ‘CTS-2010 Standards for Cheques’.
Hence the RBI has clarified that clients outside NCR don’t have to worry about the new directive.
By Pankaj Batra
– June 11, 2010
Posted in Updates.
As I am not finding much time to write new posts, I thought Its a good idea that I can share whatever I learnt/read in previous week. This can be about anything India/finance/Startup/Motivation/Poetry/Movies etc.
So Here are the best things I saw/experienced/read last week:
- My week started on Sunday. On 30th May, watched movie It’s a Wonderful Afterlife. Very funny.. Watched the hindi version for more fun – Hai Mar Java. Punjabi dialogs were superb.
- Entrepreneurship is risk free: Heads I win, tails I don’t lose much. Click the link to read full article.
- China bank adviser says property woes worse than US.
- LIC insurance agents take to URL hijacking to mislead customers.
- Landing Pages A/B Testing. Learn/Share, improve your conversions.
- ये करे और वो करे ऐसा करें वैसा करे. ज़िन्दगी दो दिन की है, दो दिन में हम क्या क्या करे – This is very true in today’s life. Too short life and too much to do.
- Google AdSense Sandbox.
- इतने हिस्सों में बट गया हूँ मैं, मेरे हिस्से में कुछ बचा ही नहीं – We have been living life so much for others that there is not much left for us.
- Good SMO (Social Media Optimization) Tool
- Are you who you work for? – How conscious are you of your employer’s name? Is this a critical part of your self-identity? But why?
- Capital starvation leads to innovation. Startups: Poverty is Underrated. Be Glad That You’re Not Rich.
- Saturday evening movie: The Japanese Wife. Beautiful film and even superb Cinematography.
By Pankaj Batra
– June 6, 2010
Posted in Corporate, Life, Management, Motivation.
I love peace and I love small companies/Startup because:
- Everybody knows everybody and is reachable.
- Its like an extended family.
- It is usually very easy to see how your contributions supports the company and you feel more valuable.
- You end up taking on more and more diverse tasks.
- You get to learn a ton and be a real part of the team.
Read Full Article Here >>
By Pankaj Batra
– April 23, 2010
Posted in Finance, Government, India, Investment, Stock Market.
Amazing things happens 
Today I received Rs 78.53 into my bank account linked with Demat account. I was surprised from where this money has come from.
Read Full Article Here >>
By Pankaj Batra
– April 13, 2010
Posted in Corporate, Finance, Investment, Mutual Funds, News, Stock Market.
The ULIPs controversy that started with the stock market regulator SEBI banning 14 Insurance companies from issuing fresh ULIPs has drawn from fresh blood. Within 24 hours of this ban, Insurance Regulatory Development Authority or the IRDA has responses to the SEBI notice by stating that insurers can continue issuing policies as usual.
Read Full Article Here >>
By Shantanu Rastogi
– April 11, 2010
Posted in Corporate, Finance, India, Investment, Mutual Funds, News, Stock Market.
In an interesting move SEBI has banned all the prominent Insurance Companies in India from issuing ULIP. The idea behind is very simple. The nature of these policies is such that a part of the money put in by the investor goes into the stock market – it is managed in a way which is quite similar to a mutual fund – therefore it comes under the purview of SEBI.
There has been an ongoing tussle between SEBI and IRDA over this issue as IRDA has been of the view that since these plans are primarily insurance plans therefore ULIP should be kept outside the radar of SEBI.
Read Full Article Here >>
By Shantanu Rastogi
– April 10, 2010
Posted in Finance, Income Tax, India, Investment.
Buying and Selling of Property, Plots, Flats, Land, Independent Houses, Floors or any other form of residential property is a frequent activity in present scenario. Especially with so much activity in the real estate sector, it has been considered to have given good returns. The attractive home loan schemes have made it even more lucrative. However, the transactions are often subject to complicated income tax structure. Here is one case that may solve some of your queries.
Read Full Article Here >>
By Shantanu Rastogi
– March 6, 2010
