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Passport In Three Days Soon

15 comments and 1,788 views

Posted in Government, India, News, Travel.

3021136994 786b31c2be m Passport In Three Days Soon
With Online filing coming to picture, processing time will come down and it will easier and faster to get passport in India.
TATA consultancy services (TCS) has got the Passport deal from Govt beating Wipro, 3i Infotech and Spanco.

This new project is called The Passport Seva Project. There will be new passport filiing centres (Passport Seva Kendras) in country.

TCS will help in increasing operational efficiency and to scale the infrastructure using technologies from Adobe, IBM, CMC and others. All passport offices will be connected on a network, with police as well for verification status. There will also a call center for query resolution.

By Pankaj Batra – November 11, 2008

Caller information in Javascript

No comments and 672 views

Posted in Javascript, Technology.

Caller - Returns the function that invoked the specified function.

Not a standard javascript function but implemented in Mozilla engine and JScript.

If the function f was invoked by the top level code, the value of f.caller is null, otherwise it’s the function that called f.

Example: Checking the value of a function’s caller property

The following code checks the value a function’s caller property.

function myFunc() {
if (myFunc.caller == null)
{
return (“The function was called from the top!”);
}
else return (“This function’s caller was ” + myFunc.caller);
}

By Pankaj Batra – November 10, 2008

Online Income Tax grievances

46 comments and 2,925 views

Posted in Government, Income Tax, India.

Very soon, Indian income tax payers will be able to file their grievances online.
Already income tax website provides many online facilities for income tax payers which includes income tax payment, filing of returns, view TDS statements, status of PAN application etc.

This new online complaint redressal system will enhance the overall tax system in India. It will bring transparency.

The trial run of this facility named ‘Sevottam‘ is already being experimented on a pilot basis in Mumbai and Udaipur.

By Pankaj Batra – October 9, 2008

Don’t leave your money idle in savings account.

86 comments and 10,461 views

Posted in Finance, Investment, Mutual Funds.

Most of us do have one or more savings bank account or a salary account in which our salary gets credited every month. After all of our monthly expenses like house rent, bills, EMIs etc, we are left with liquid money (disposable) also famous as Monthly Savings. Some of us invest in equity mutual funds, FDs or share market. Most of the people due to their ignorance or laziness, leave the money accumulating in their accounts every month.

They are also unaware that the bank give them only 3.5 to 5% rate of interest, that too on the minimum balance between 10th of month and last day of month. I am sure all of us must have read this in our high school mathematics. So If you put 50k in your account on 15th and you had 10k in your account on 10th, you will get interest only on 10k and not on 60k. Also even this small money earned is taxable up to even 30 per cent. Keeping in mind the inflation rate, this gives you negative return on your hard earned money.

Read Full Article Here >>

By Pankaj Batra – September 23, 2008

Best way to apply in SIP

63 comments and 5,963 views

Posted in Finance, Investment, Mutual Funds.

Best way is to apply directly to the Mutual Fund company as it will save your 2.25% money as If you apply thru any broker entry load of 2.25% will be cut.

For example, If you invest 1 Lakh into a Mutual fund, 2250 Rs will be deducted straight forward, if you go thru your broker.

Download the mutual fund form in which you want to invest from their website. (Download links provided for all is provided here). Take print out of application form and SIP form. Fill all details, attach a copy of PAN card and cheque and submit the form to nearest CAMS or Karvy investor centre or Mutual fund office. Office locations of CAMS can be found here and for Karvy, it can be found here.

Read Full Article Here >>

By Pankaj Batra – September 5, 2008

Best Tax Saving Mutual Funds

615 comments and 37,565 views

Posted in Finance, Income Tax, Investment, Mutual Funds.

I compared ELSS (Equity Linked Saving Scheme) mutual funds on the basis of their AUM (assets under management) size and past performance in 6 months, 1 year, 2 years and 3 years.

Finally following funds were found to be good.

Continued…

By Pankaj Batra – September 5, 2008

Mutual Fund Investment with zero entry load, brokerage and service charge.

76 comments and 14,462 views

Posted in Finance, Investment, Mutual Funds.

As per guidelines of Securities & Exchange Board of India (SEBI) via this circular, no entry load (usually 2.25%) shall be charged for direct applications received by the Asset Management Company (AMC) i.e. applications received through internet, submitted to AMC or collection centre/ Investor Service Centre that are not routed through any distributor/agent/broker.

Also apart from that, SEBI has also removed entry load from all mutual funds from August, 2009. There will be no entry load on any mutual fund schemes from now on. Distributors will now have to disclose commission for schemes.

If you are making investment in MF (lump-sum or SIP) and you route your application through a broker (online trading accounts like Kotak, ICICI direct etc.) or agents, You can be charged service fees or brokerage other than the application amount.
To avoid paying the commission/brokerage or service fees, you now have to invest directly with the Mutual Fund i.e. you have to submit the form directly to the Mutual Fund without the assistance of any agent/distributor. Mutual Funds bought through sites like ICICI direct, India info line, Kotak securities would also be considered as investment through brokers. You may be charged service charge on these investments.

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By Pankaj Batra – September 5, 2008

Do Not Disturb/Call Me, TRAI NCPR Regulation

38 comments and 9,071 views

Posted in Government, India.

In 2007, Telecom Regulatory Authority of India (TRAI) set up National Do Not Call (NDNC, also called as do not disturb, DND) Registry to curb unsolicited Commercial calls. i.e. any call/message, through telecom system promoting any commercial transaction for goods, investments or services, which a subscriber does not wish to receive.

It failed to help customers and in 2011, TRAI came up with new policy with name National Customer Preference Register (NCPR) and it became operational on 27th Sept, 2011.

Continued…

By Pankaj Batra – August 20, 2008

Online interbank money transfer

1 comment and 4,262 views

Posted in Finance, India.

Transferring money from one bank account to another one is quite easy. Most of the people don’t know about it and don’t use it. Its very powerful, very safe, absolutely free and fast. It saves lots of time and paperwork(and so the environment).

There are two service RBI offers for the same

1. NEFT (National Electronic Funds Transfer system) – a nation wide funds transfer system to facilitate transfer of funds from any bank branch to any other bank branch.).

2. RTGS – The acronym “RTGS” stands for Real Time Gross Settlement. RTGS system is a funds transfer mechanism where transfer of money takes place from one bank to another on a “real time” and on “gross” basis. This is the fastest possible money transfer system through the banking channel. This service is not free and there is some amount payable for using this.

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By Pankaj Batra – August 15, 2008