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Keep Write wishes its readers a Very Happy 2013 !!! May this New Year bring you all Joy, Happiness , Health , Wealth & Satisfaction !!!

1. What is Cheque Truncation? Truncation is the process of stopping the flow of the physical cheque issued by a drawer at some point with the presenting bank en-route to the drawee bank branch. In its place an electronic image of the cheque is transmitted to the drawee branch by the clearing house, along with relevant information like data on the MICR band, date of presentation, presenting bank, etc. Cheque truncation thus obviates the need to move the physical instruments across branches, other than in exceptional circumstances for clearing purposes. This effectively eliminates the associated cost of movement of the physical cheques, reduces the time required for their collection and brings elegance to the entire activity of cheque processing. 2. Why Cheque Truncation in India? As explained above, Cheque Truncation speeds up the process of collection of cheques resulting in better service to customers, reduces the scope for clearing-related frauds or loss of instruments in trans...

Life of Pi based on Yann Martel novel which won the man Booker prize for fiction in 2001 is a compelling tale of hope & survival. The film starts off where the adult Piscine Molitor Patel (Irfan Khan) narrates his story to the writer ( Rafe Spall). Piscine Molitor Patel named after a swimming pool in France lives with his family in puducherry. His father owns a zoo, the initial encounter with the bengal tiger Richard Parker is fascinating telling us deeply about the understanding of animal psychology.   Piscine Molitor Patel changes his name as Pi because people in his school call him as pissing patel. Pi is raised as a Hindu but he is also introduced to Islam & Christianity, the initial 30 minutes of the film meanders slowly where Pi tries to understand the different religious philosophies & also experiences his first love. Pi‘s father is forced to sell his zoo and he carries the animals to be sold in Canada, the ship in which they travel sinks in pacific ocea...

Barfi is magical; it’s like watching a fairytale unfold in front of you. Language isn’t a constraint, everyone in this world understands joy, hope, sorrow love. Barfi starts like every other film with a flashback with the heroine Shruti (Ileana D'cruz) who makes a dignified debut in Hindi cinema tells about Barfi played by Ranbir Kapoor.   Ileana goes to Darjeeling for a vacation and it his love at first sight with Ranbir Kapoor who can’t speak or hear. Ranbir named after Murphy radio is called as Barfi lives with his father is smitten by the beauty of Ileana and the romantic scenes between the lead pair is poetic. Shot beautifully by Ravi Varman, the first hour of the movie is terrific.   Ileana rejects Barfi (Ranbir) marries a person choosen by her parents. We are parallely introduced to Jhilmil (Priyanka Chopra) an autistic who is a childhood friend of Barfi she doesn’t have understanding parents. Barfi is constantly in the hunt by a policeman (Saurabh Shukla) f...

Type your summary here Type rest of the post here Let's answer this important question: Most of us think that financial planning is only for the very rich or poor. There are others who think that people need to plan only when they grow old as they need to save for their retirement and old age. I would however say that this is not a right way to think about finances as it is required for all phases of life. It would be smart and prudent to embrace financial planning to realize all our dreams and goals in life. Financial planning makes life easier than what we could imagine life without it. Some may consider risk is the spice of life and may enjoy it. However it is always good to plan and provide for our short, medium and long term goals of life and for those unexpected contingencies that crop up from time to time. The written word is more powerful, so it is best to have a written financial plan than just thinking it just over in the mind. The written word creates focus to pro...

Type your summary here Type rest of the post here Let’s begin learning: The safest way to double your money is to fold it over once and put it in your pocket. ~ Kin Hubbard Kin Hubbard is right in saying that if we do not spend money unnecessarily we would be able to save money and double it. However most of us like to spend and would find it difficult to not spend at all. We feel that it could stress us further. Accepting the3 financial challenges could help you in controlling unnecessary spending. Once you control and avoid unnecessary spending you can save more and invest more. So you can achieve your financial goals easier and earlier. Here are the challenges: A Day Away from spending The challenge of not spending for a day could be difficult, but could help save and render some important life lessons. It is true as most of us have regular daily expenses on coffee, tea, lunch, and snack at regular intervals and fuel to travel to and from work. Effective planning w...

Company Deposits are simply nothing but fixed deposits in companies that earn a fixed rate of return over a period of time. Company deposits are really down-to-earth products. The influential advantage of the company deposits is its plain simplicity. Company deposit is understood even by the most novices among the investors community. Have you ever wondered the logic behind why pure vanilla flavored ice cream sells more than any other flavor? Similar logic is just as true when it comes to the company deposits vis-a-vis many other modern investment options. With the meltdown of NBFCs almost a decade ago, company deposit market had a major slow down, but volumes still remain significant and there are loyal investors who prefer company deposits to other investment products. Advantages of Company deposits: Assured return. Higher interest when compared to bank deposits. Low risk when compared to stock market investments. Service at your doorstep. Lock in period in most of the cases is 6...

Increasing inflation, shift to nuclear families, and the fast track change in life style patterns throw a financial challenge which can be addressed only by life insurance. Your financial plan needs to be in sync with your life stage and the requirements that are very particular to your specific stage in life. The need for life insurance coverage changes with the change in your life stage. The same amount of coverage may not be sufficient when there is a change in your life stage. So whenever your life stages change, you need to re-evaluate your need for life insurance coverage. The following are the different life stages which demands for a revision in your life insurance coverage. Dependent Parents: If you are single and you have financially dependent parents, then you need to take life insurance even before your engagement. You can’t compare yourself with other singles whose parents are not financially dependent. You are in a unique life stage. In case of any mis-happening to ...

What does "Nanophosphate EXT" sound like to you? If you're David Vieau, the CEO of A123 Systems, releasing a PR statement, it's "a game-changing breakthrough that overcomes one of the key limitations of lead acid, standard lithium ion and other advanced batteries." If you're Vieau talking to the New York Times, it's "a hedge against the market for electric vehicles." A123 has had its ups and down recently, losing its main line of credit but also hiring 400 in Michigan. Yesterday's announcement that the company's Nanophosphate EXT, a better lithium-ion technology, can handle "extreme temperatures without requiring thermal management" sure seems like a boon for electric vehicles. A123 supplies the cells for the Fisker Karma and the upcoming all-electric version of the Chevrolet Spark but, as Vieau told the Times, the reality is that plug-in vehicle demand has "been softer than we and everyone else expected." Th...

Best Performing Mutual Fund - A Frequently Asked Question During my TV interviews, in each and every show, either the anchor or one of the callers will ask this question. Which is the Best Performing Mutual Fund now? There is not a single show in which the question about Best Performing Mutual Fund is not asked. Also, as a guest speaker, whenever I deliver a speech in Rotary, Lions, Jaycees or Round Table, during the Q&A Session after the speech, definitely there will be a question on Best Performing Mutual Fund. Everyone is interested in knowing which is the Best Performing Mutual Fund now. The reason behind this is they would like to check whether the scheme in which they have already invested is part of the best performing mutual fund schemes or not. If it is not part of best performing mutual fund, they would like to switch their investments to the current best performing mutual fund. There are so many websites which rate the mutual fund schemes, list down the best ...

A question to be questioned: When a person should become health conscious? After becoming sick or before becoming sick or always… There are some questions like this, though at the sub-conscious level we know the answer, our conscious mind somehow acts as if it is ignorant of the obvious answer. When to start planning for our retirement is one such question, though we know the answer at the much deeper level, somehow on the surface, we act as if we are unaware of the answer. The problem of ignoring the obvious answer: As we ignore the answer and behave as if we are unaware of the answer, actually the problem magnifies. A recent research study reveals this truth in black and white. Though the retirees and pre-retirees who have been surveyed were well aware the fact that they may live longer, and also recognized that they did not want to run out of money, only a very few of them were REALLY planning financially to live longer. For example, only one-third of the pre-retirees...

Tamil Cinema fans are served a story which is an adaptation from real -life that serves as a breather from the ordinary run-of-the mill masala films that Kollywood throws at its viewers during regular intervals. This film is a dicey proposition for the fact that it does make the viewer think what it would have been in real life but at the same time it fails to create the sympathy factor towards the main protagonist in the film. Storyline: Premkumar (Vijay Sethupathi) on the day before his marriage, suffers a fall while playing cricket which results in a short term memory loss. This short term however has a huge impact that he forgets that his marriage is scheduled to happened the next day. What are the sequences that happens from the time he suffers the fall to the marriage function and thereafter is in this 150 minutes long film. Drawbacks: The overall length of the film and its screenplay which fails to create the sympathy aspect for the film. There are scenes which ...