Happy New Year 2010




Comments

Post a Comment

Popular posts from this blog

Google Buzz

Got to explore Google Buzz, the new tool for social networking, today...In some articles on the web, it was written, that Buzz is facebook & twitter put together. But, I feel it is exactly similar to twitter with provision for sharing of photos and videos. Also, one can send "mega" tweets...no 140 character restriction here.. You don't have communities or wall-like concepts in Buzz. It is just following others & being followed by others, similar to Twitter. Integration into Gmail is a plus, which assists, atleast initially, for getting followers & to follow others. Twitter lacks in this. Already some people opine that Buzz is the beginning of the end of Twitter as Buzz is integrated with Gmail. Further, one's picasa, youtube, twitter, blogger accounts can also be linked in Buzz. Facility to link picasa & youtube accounts will make sharing of photos & videos much simpler. Link to twitter feature is there, but it is one way. Public tweets in Twitt...
Read more

Top 5 banks in India based on Savings Account Interest Rates

When it comes to Personal Finance, Savings account is the first step. Basic characteristics of a Savings account given below: Safety High liquidity Multiple withdrawal options Quick online transfers through UPI  ·      Post de-regulation of interest rates on Savings Bank Accounts by Reserve Bank of India (RBI) in 2010, Banks are free to fix the interest rates for their Savings Bank Accounts. Due to this regulatory change the savings bank interest rates vary widely from 2.75% to 7.25%. That’s a wide difference & considering that all Bank offer similar facilities like Net Banking, Mobile Banking, ATM-cum-debit card, UPI etc. it does make sense to park the funds required for one’s monthly expenses in a high interest rate yielding savings account, and earn higher interest. Also, since all the scheduled banks are covered under DICGC (Deposit Insurance & Credit Guarantee Corporation) for an amount of Rs.5 lacs (enhanced from Rs.1 lac to Rs.5 lacs post the Yes Ban...
Read more

SEBI - a proactive investor friendly regulator.

A pleasant surprise for me, when I happened to check my savings account statement, today. I observed a credit of a few hundreds and was scratching my head, as to what it is. The transaction remark was not clear. It read like 'SEBI IPO'. But, when I read an article in rediff (link shown below), then I understood the reason for this credit. Source:  http://business.rediff.com/report/2010/apr/13/sebi-disburses-rs-20-crore-to-investors-in-ipo-scam.htm It was like unbelievable, but true. When there were stories doing the rounds that SEBI is planning to compensate the retail applicants affected by the IPO scam of 2004-05 in some way a couple of months back, I thought it was just a foolish idea, as it is an impossible thing to do so, looking into the complexity of such an exercise.  But, SEBI has done it !!! Rs. 20 crores collected from the IPO scamsters has been distributed to over 12.75 lakh retail investors, who would have otherwise profited by the share allotment in IPO. Thoug...
Read more