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FinTip – Top 3 Reasons To Buy IDFC Bonds
In this year’s annual budget, Finance Minister had introduced a new tax saving deduction – Sec CCF. It was INR 20,000 for investment made into special infrastructure bonds.
Now, Infrastructure Development Finance Co (IDFC) has launched these bonds. The issue opens for subscription on Thursday, September 30, and closes on Monday, October 18.
I recommend it. I am no Tax Guru. I have 000 Patents in Finance. But here is my reasoning:
1. The tax deduction is over and above your 1 lakh deduction under Sec 80C.
2. The rate of interest is in the range of 7.5 – 8%. But the real return on the bonds is much higher, it you consider the tax deduction.
3. Rating agency ICRA has given the IDFC bonds an LAAA rating, which is the highest rating that an infra bond can get.Though one can invest more than 20,000 in these bonds, one can claim tax deduction on a maximum of INR 20,000 only. But, Money saved is money earned. Another interesting reason to save !
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Gandhi & Leadership
Gandhi was an exceptional leader and his life throws many leadership examples. I had conducted one session on Gandhi & Leadership. On occasion of Gandhi Jayanti today, I am sharing the PPT with all. Check it out !
Favorite Gandhi Quotes:
1.
First, they ignore you
Then, they laugh at you
Then, they fight with you
Then you win!
So we are going to win
Thank you!Mahatma Gandhi
(In response to question: How are you going to take on the high and mighty?)2.
“We must be the change we want to see”
3.
Gandhi Once Said :
“I claim to be no more than an average man with below average capabilities. I have not the shadow of a doubt that any man or woman can achieve what I have if he or she would put forth the same effort and cultivate the same hope and faith. ”
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Why MoMo Ahmedabad?
Why Should Mobile Companies Join MoMo Ahmedabad? Rajnikant Joshi answer the question !
In Ahmedabad, most of the companies working in mobile domain are either small or medium scale firms. To survive or progress with the continuous changes in the mobile domain, one needs inputs from many directions and perspectives. Globally, Mobile Monday has been conceived to fulfill that requirement, and Ahmedabad chapter intends to inherit and replicate the same concept.
Why should one get involved with Mobile Monday ? We have identified Top Ten Reason why a mobile software service or product company working or interested in mobile domain should associate with a Mobile Monday event.
1. Mobile Monday provides a platform to demonstrate their solution or idea to local community. This helps them to evolve as a local brand.
2. Mobile Monday is a better place for networking.
3. Mobile Monday is a platform to discuss and brainstorm on ideas, which can give them opinion from many different perspectives. Important point to note over here is, Intellectual Discussion could be Eureka Moment of product for any company.
4. Mobile Monday workshop and training program helps them to be ready for next level of challenges, in this fastest changing domain of technology.
5. Mobile Monday helps small companies to find better investors.
6. Mobile Monday arranges stimulating discussion and enlightening talks talk which are delivered by experts of different domains. Such expert talk from the industry leader can help small companies to identify/justify their path and position for progress. Expert talk can clear many myth that company is having for the industry.
7. Mobile Monday community is a platform for small companies to find best of the talent from industry.
8. Mobile Monday improves the maturity of the companies in the city by providing common platform for all to discuss, share and demonstrate them self.
9. Mobile Monday community helps small companies to define/redefine the road map for the progress by learning from and discussing with community members.
10. Over all Mobile Monday gives a complete picture of industry standards, trends, study and forecast of mobile market.Global Mobile Monday community has created a name for itself in the industry and is a highly respected movement. Being a part of the community will allow a company to connect with all the global members of this community.
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The Ayodhya Verdict!
The Allahabad High Court rules by majority that the disputed land in Ayodhya be divided into three parts to be distributed among the Sunni Waqf Board, Nirmohi Akhara and the party for ‘Ram Lalla’, say lawyers.
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Standard Chartered IT Continues To Surprise!
Last Month, I faced a very surprising issue with Standard Chartered. I was using their Online Banking for my credit card for nearly one year. Suddenly it stopped working. When I called the customer care department, I was told that there is no Online Banking Service for my Credit Card. WoW. What was I doing for one year? My loan account also did not exist? Wow ! No need to pay back. Who is taking those EMIs?
The customer care executive do not listen. They have ‘Care’ in designation but do not care. I gave up my argument and simply asked for a new online banking service and a password. One month passed and today I called them. They had some IT Problem and they will issue it later. However, when I checked, I found that the mobile number and email number with them was all incorrect. How did it happen? God Knows ! I hope there is no virus with Standard Chartered System !
Pray – The only choice !
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MobileMonday opens a chapter in Ahmedabad, India
Ahmedabad, India & Helsinki, Finland September 27, 2010 – MobileMonday celebrates 10 years of collaboration, community, and innovation with the new chapter launch in Ahmedabad, India. With Ahmedabad becoming its 107th chapter, MobileMonday is now active in all continents. The Ahmedabad mobile community will join the worldwide group of mobile movers and shakers under the direction of Ashok Karania from InfoStretch with support of Rajnikant Joshi and Gargi Das.
The Indian Telecom Sector is growing at a scorching pace, with mobile carriers paying USD 15 billion for 3G spectrum. Bharti Airtel took over African operations of Zain while Tata Docomo initiated the lowest tariff of 1 Paise Per Second (USD 0.0132 Per Minute). Within a few months, Uninor, Telenor’s India Operations, reached 10 Million Subscribers.
“India is seeing amazing growth in the mobile industry. A new generation of entrepreneurs is leveraging the mobile technology for business and social uses. Whether it is ordering food and vegetables via mobile in India, transferring funds, weather alerts to fishermen, tracking logistics or teaching English – mobile is a central part of the emerging superpower,” commented Jari Tammisto, CEO of MobileMonday Global. “We warmly welcome Ahmedabad to our fast growing network of global mobile excellence.”
“We wanted to open a MobileMonday chapter in Ahmedabad to facilitate networking amongst mobile eco-system members of Gujarat state as well as collaborate and address the emerging challenges and enhance the local talent. The idea is simple – to bring together local people and companies interested in mobile: to meet and chat with each other, see what others are doing, share ideas, and possibly even work together,” says Ashok Karania, founder of MobileMonday Ahmedabad.
Ahmedabad is one of the fastest growing in India. It is already the No.1 city for small businesses featuring in the Top Ten Competitive cities of India. There are a lot of mobile innovation and development activities happening in the city. Many young mobile developers, students and established organization are fuelling mobile growth in Gujarat.
MobileMonday Ahmedabad’s mission is to promote mobile technology and to bring the people in Ahmedabad’s mobile industry together. MobileMonday Ahmedabad plans to bring together and facilitate networking amongst the professionals in the Gujarat Mobile Ecosystem – Mobile Development Companies, Mobile Testing Companies, VAS Companies, OEMs, Carriers, students and developers.
“The long tradition of entrepreneurship and mobile opportunities have created an ideal platform for the emergence of the mobile eco-system in Gujarat. Apart from hundreds of firms working on mobile application development services, there are an increasing numbers of product champions. Apart from Indian companies, mobile firms are able to successfully garner important projects from Western countries in critical sectors. Gujarat Government is one of the largest IT spenders in the country and a lot of the new Government spending is around mobile technologies. All these developments are creating new opportunities and providing the right encouragement to local talent and ideas. The outlook for mobile sector in Gujarat is very promising,” says Ashok Karania, founder of MobileMonday Ahmedabad.
Rajnikant Joshi of InfoStretch adds: “Ahmedabad is at the fore-front of the mobile industry with great talents on offer. Our APAC Headquarters are in Ahmedabad and we have a team of more than 150 software professionals working here. We have also hosted and managed India’s first mobile cloud platform from Ahmedabad.”
Gargi Das, one of the young Nokia Forum Champions, agrees: “The highly talented engineers from Gujarat are attracted to mobile software and are interested in firms providing the mobile exposure. This is a radical shift from the traditional bias towards Microsoft-led IT Services. IIT-Gandhinagar, Gujarat Universtity, Nirma Universtity and other leading colleges are helping create the next generation of talent.”
MobileMonday Ahmedabad activities will commence in October. All events of MobileMonday Ahmedabad are open to everyone and free of cost. If you are interested to participate, please contact MobileMonday Team.
MobileMonday Ahmedabad Contacts:
jari.tammisto(at)mobilemonday.fi
ashok(at)momo-ahmedabad.in
rajnikant(at)momo-ahmedabad.in
gargi(at)momo-ahmedabad.in
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Kerala Snapshots 2010
Pictures From Our Kerala Trip – Sep 2010. Detailed Travelogue To Follow !

Best Of Kerala 2010 -
Twitter Weekly Updates for 2010-09-12
- Ignorance Is Bliss ! #
- The Wrong Answer Will Indicate The Right One – The Pilgrimage #
- The New Blackberry Cloud – Test on Real Blackberries Around The World http://lnkd.in/tyva2t #
- Anybody Who Dies Rich, Dies Disgraced – Andrew Carnegie #
- Eid Mubarak ! #
- Though No One Can Go Back & Make A Brand New Start, Anyone Can Start From Now & Make A Band New Ending #
- Michammi Dukkadam ! #
- The Strongest Muscle In The Body Is The Tongue #
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Michammi Dukkadam
Forgiveness is the mental, emotional and/or spiritual process of ceasing to feel resentment, indignation or anger against another person for a perceived offense, difference or mistake, or ceasing to demand punishment or restitution
I say, from the bottom of my heart, without any reservation, I forgive all living beings who may have caused me any pain and suffering either in this life or previous lives, and I beg for the forgiveness from all living beings, no matter how small or big to whom I may have caused pain and suffering in this life or previous lives, knowingly or unknowingly.