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The Reserve Bank of India in a recent circular has directed that with effect from April 1, 2012, banks should not make payment of cheques /drafts / pay orders / banker’s cheques if they are presented beyond the period of three months from the date of such instrument. Its worthy to make note of the above guidelines. Cheques/drafts/payorder/bankers cheques issued on and after 1st April, 2012 will be valid only for a period of three months. However, please note that the instruments which are issued prior to 1st April. 2012 will remain valid for 6 months from the date of issue.

Chinmaya Mission proudly presents the “First of its Kind” tele-serial “Upanishad Ganga”; to be aired on Doordarshan's National network(DD1),  every Sunday between 10:00 - 10:30 am for 52 weeks, from 11th March 2012. Upanishad Ganga is a mammoth effort covering the entire gamut on Indian Culture, Heritage, Philosophy and Wisdom spanning more than 5000 years. In this serial, the knowledge of ‘Upanishads’is explained in a modern context through stories.  It can transform our life, ennoble our vision, purify our hearts and inspire our efforts with selflessness.  Its a great service to our culture, our country and humanity to spread the knowledge of the Upanishads.  It is dedicated to revive the glorious cultural heritage and pride in the Spiritual Genius of Bharat.    Conceptualized by Swami Tejomayananda, Global Head - Chinmaya Mission, it is Directed by Dr.Chandraprakash Dwivedi (of Chankya fame), and acted by many renowned TV actors, this serial...

Nissan conducted auditions on facebook and invited fans to be a part of a bollywood film which features the 20 winners along with Ranbir Kapoor & 100 Nissan Micras. New Star of India ~ KeepWrite ~

Readymade Pension Plans/ Retirement Plans: The existing pension plans/ retirement plans in India are from the insurance companies. They are available in the form of traditional products or in the form of ULIP schemes. Indian Traditional Retirement Plan: The traditional pension plan/retirement plan schemes from Indian insurance companies are expected to deliver only 6% to 7% CAGR as they are allowed to invest only in conservative avenues. This 6% or 7% is not sufficient to beat inflation. Indian ULIP Retirement Plan: The ulip pension/retirement plans have huge front loaded charges. They also have higher regular running expenses and fund management expenses which pulls down the net return. That’s why market has rejected these products and they have become failures. Customized Retirement Planner for India: As a prudent investor, you should not rely on a single product or scheme for your retirement planning. A comprehensive and customized Indian retirement plan should consi...

Financial plumbing Many have a tendency to complain about inflation, taxes and EMI’s as deterrents to saving and investments. But the question is are we making a conscious effort to save and control spending? Do we have any financial leak and are we ignoring them? My intention is not to confuse, but to emphasize that you need to fix these leaks. So that you can create and build wealth that can last for a lifetime. Arun, a marketing professional earning Rs. 24lacs per annum post tax was surprised how his friend Girish who earned just Rs. 18lakh per annum and having similar family conditions could save and invest. Taking Girish into confidence he explained his problems. Girish gave him a patient and empathic hearing. Girish explained where Arun spent unnecessarily or created financial leaks and how these leaks could be plumbed. This could make Arun feel financiallt fulfilled in his life. The financial leaks: In addition to his necessary expenses, Arun spent a lot on t...

Are You a Lender? A study revealed that only 47% of Indian households had bank account. In addition every 3 out of 4 households had a quarterly bank balance of only Rs.5000. With the recent savings bank account de-regulation many banks have raised their interest rate by 1%. But households would not benefit much, as banks could charge increased transaction fees to offset increased cost, and also the additional interest income from savings account is negligible. A further study has revealed many other interesting facts. Most Indians prefer to be lenders and not owners that have enterprise. We tend to play safe and prefer to be lenders by investing in fixed deposits and debentures of banks and companies. Investing in fixed deposit or debentures gives us a fixed interest. The bank in turn lends money to others for interest and makes a profit on the difference between the borrowing rate and lending rate. Do you want to be an owner? You can be a lender by investing in fixed deposit...

Independence Day India obtained its independence from British Rule on 15th August 1947. India became independent and wants to develop and prosper with its own decisions. Constitution Though we are independent, we were not having our own constitution. Without constitution it is difficult to take the right decisions for growth. So we needed our own constitution which will be the principles and guidelines, based on which we will be able to take the right decisions at the right time. Constitution also deals with the procedures and methodology of taking decisions. Republic Day The Constitution of India came into effect on 26th Jan 1950 which we call it as Republic Day. Since 1950 we were able to continuously grow with the guidance from our Constitution. Without an effective constitution, this exponential growth could have become impossible. Amendments So far we have made 96 amendments in our constitution in the last 62 years. Amendments make the constitution more dynamic and ...