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A day at Chandni Chowk

61 comments and 5,318 views

Posted in Food, India, 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

Cheque Alterations not allowed

5 comments and 1,122 views

Posted in 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.

Continued…

By Pankaj Batra – June 11, 2010

Why I never wanted to work in a Big Company

20 comments and 1,066 views

Posted in Life.

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

IPO Scam Compensation for 2003-2005

1 comment and 651 views

Posted in Finance, Government, India, Investment, Stock Market.

Amazing things happens icon smile IPO Scam Compensation for 2003 2005

Today I received Rs 78.53 into my bank account linked with Demat account. I was surprised from where this money has come from.

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By Pankaj Batra – April 13, 2010

SEBI versus IRDA – Battle Ensues over ULIPs

No comments and 3,581 views

Posted in Finance, Insurance, Investment, News.

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.
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By Shantanu Rastogi – April 11, 2010

SEBI Bans ULIP (Insurance Plans)

34 comments and 2,908 views

Posted in Finance, Insurance, Investment, News.

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.

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By Shantanu Rastogi – April 10, 2010

How to Save Capital Gains Tax (LTCG) when Selling Land / Plot

845 comments and 42,452 views

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.

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By Shantanu Rastogi – March 6, 2010

Income Tax Calculator for 2010-11

474 comments and 301,191 views

Posted in Finance, Income Tax, India.

The new slabs for Income Tax in India were proposed in the Union Budget 2010 by Finance Minister, Pranab Mukherjee. Given the new tax slabs that are expected to be in force from the FY 2010-11 or Assessment Year 2011-12 we have prepared an Income Tax Calculator for financial year 2010-11 for your convenience.
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By Shantanu Rastogi – February 26, 2010

2010 Budget update

13 comments and 8,743 views

Posted in Finance, Government, Income Tax, India, Investment, News.

2010 Budget Update: As per budget presented on 26th Feb, 2010, Pranav Mukherjee proposed changes for income tax rate slabs as per below. Apart from current one lakh investment, additional 20,000 Rs will be non-taxable, if same has been invested in long term infrastructure bonds.

Excise duty on petrol, diesel increase by Re 1/litre, this will increase petrol and diesel price.

Market has responded positively, Sensex up 300 173 pts today.
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By Pankaj Batra – February 26, 2010

Trade Mutual funds online from March’10

6 comments and 1,400 views

Posted in Finance, Investment, Mutual Funds.

As per SEBI, they will provide a online system starting March 2010 where investor can buy and sell mutual fund without any intermediaries. For sure, this will make investment process transparent and convenient.
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By Pankaj Batra – November 6, 2009