nareshposinasetty
Friday, February 9, 2018
A trek to Chandrashila
Thursday, October 4, 2012
Drive to Ghost Town.
Sunday, May 29, 2011
How floating Interest works???
Buying a home is one of the main goals for most of us and home loans have made a home really easy even for people just starting out their career were looking for home loan….. Do you have home loan?? That too with a floating rate of interest….so many people who have an existing loan with floating interest are in big confusion why ROI is increasing quarterly basis…. Here is the small illustration on floating Interest rates…how it works
Now a days banks are offering the interest rates with base rate….prior to base rate earlier banks used to source the loan with BPLR (Bench Mark Prime Lending Rate)…..According to RBI it is nothing but banks are free to fix BPLR for credit limit over Rs 2lacs with the approval of their respective boards. It has to be declared and made uniformly applicable at all the branches ….. Banks may authorize their assets-liability management committee (ALCO) to fix interest rates on deposits and advances, subject to their reporting to the board immediately there after. Banks should also declare the maximum spread over BPLR with approval of ALCO/Board. BPLR is computed with following consideration
- · Cost of funds
- · Operational expenses
- · Minimum margin to cover regulatory requirements of provisioning, and capital charge profit margin.
The back ground: The main activity of banks is to gather funds from people in the form of deposits and lend this money to individuals.
Banks will get the money at a certain ROI and lends it at a slightly higher rate.
Why to banks need base/bench mark as a reference??
Each bank would have a different cost for the funds…in simple words, each bank would pay different ROI to it’s customers. For example SBI might pay 6% interest on 1year fixed deposit where as Indian bank might pay 9% for the same tenure.
Therefore, the rate at which the banks lend the money would also be different from different banks. But how the public know what the normal lending rate of bank is?? This is the reason reference rate is required… It is the rate that is derived based on the actual cost of funds to the bank. This is the rate based on which all loans of a bank are supposed to be priced.
Why RBI gave an end to BPLR??
The prime lending rate was introduced in 2003 to ensure that banks publish their lending rates based on their true cost of funds. All lending was expected to be at or above the BPLR. This was a fair expectation as you cant expect bank to lend belows its cost of funds. Banks stopped adjusting the BPLR when the interest rates went down- therefore, the BPLR lost its relevance as a rate reflection the cost of funds for banks.
The new “Base Rate System”:
The new system was introduced by RBI in response to complaints from home loan borrowers. The base rate system was kept in place with the objective of enhancing transparency in loan pricing and ensuring fair treatment to all borrowers.
How Base rate works??
If you borrow money to buy a house or car or any other appliance there is an interest rate that you have to pay to the lender. The base rate is the minimum rate that a bank will lend money. As we are aware previously banks used to source loans with BPLR.
Base rate will be calculated with the factors like the cost of deposits, administrative costs, a banks profitability in the previous financial year and a few other parameters with stipulated weights are considered while calculating lenders base rate.
Impact of Base rate: it’s expected that base rate system will increase transparency in credit pricing and address the shortcomings of the BPLR systems. Benchmark of most of the banks will decline to single digit. Again with base rate negative carry on CRR & SLR is expected that baserate will be directly impacted by the monetary measures initiated by the RBI. Small borrowers such as farmers who are close to BPLR rated would get credit of reasonable rates after the introduction of Base rate.
How to repay your loan home loan faster??
Part payment: if you have a excess funds with you try to make it as a part payment in your home loan so that your tenor will come down. Be careful while making the part payment some banks have a clause the foreclosure charges are also applicable for the part payment.
Increase EMI: If your financial situation has improved and you are making more money then increase your EMI which will reduce the term of your loan most lender will allow you to increase your payments with certain restrictions.
Lending money: Most of the people will lend money from other sources like personal loans, loan against gold to make part payment in home/mortgage loan this is the bad step where he has to pay interest to both the lenders.
Prompt Payment: Do pay your EMI on monthly basis without return/bounce…check with your bank if its returned try to repay at an earliest to avoid the return charge/penal interest.
Follow the communication: when ever there is repricing (ROI/EMI increase) every bank will intimate the same to their customers via letter, email, phone….If there is repricing in your loan based upon your outstanding, remaining tenor banks will fix whether to increase your EMI or Tenor. If your EMI got increased do check with your banker whether you have to give new instruction/PDC and make arrangements accordingly.
Hope this article will helps you in understanding the picture of floating interest and some of my tips to repay your loan will also helps you. Soon will post another article with best examples to get a clear picture on interest calculation, charging e.t.c….!!!
Tuesday, June 29, 2010
Our Trip to Gangtok.....
The next minute I googled for the info about Gangtok and placed to visit to in Gangtok, accommodation e.t.c my dad also check with his friends about the gangtok tour. At last we fixed our plan to Gangtok I desperately waited for the journey day.
We boarded Kanchankanya Exp at 5.30PM from sealdah station we reached New Jalpaiguri (NJP) at 8.30AM which we are supposed to reach 7AM…yeah train delayed for 1hr. We waited outside of NJP station around for 30mins to meet our travel operator. At last he came and arranged a cab for us to Gangtok.
Our cab driver named Mr.Bipin who is very helpful and told about Gangtok placed to hangout, culture and about his family ground, life e.t.c originally he is nepali migrated to India.
Journey gangtok was really exciting first passing between mahananda wildlife sanctuary…then majestic view of mountains and alongside….the teesta river and numerous ancient small bridges…as you start approaching closer to Gangtok the cloud cover becomes more dense… the major difference between Gangtok and other major hill stations is of the altitude. Gangtok with its height (550ft) is one of the highest hill stations in india.
At last we reached Gangtok around 12PM. The best part in gangtok was they will now allow the vehicles which are coming outside from Sikkim. As well as the capacity inside the vehicle was not more than 4persons if police caught more than 4people they will fine, though we got 2cabs to go to our hotel. We booked our rooms in Hotel Sikkim and got refreshed ourselves.
We went to one restaurant which is in M.G.Mart had a good food and we puzzled ourselves to where to go and then we spent some time near M.G.Mart….at last we decided to go to rope way which is very nearer from M.G.Mart….it was fully crowded once we reached rope way. At last we managed to get the tickets.
Rope way ride its one of the main tourist attraction in Gangtok, it will take the riders to the highest point of the city…covering a distance of about 1KM in only 7mins. It has three terminal stations. The ride provides a bird eye view of the city and the surrounding valley. The cable car accommodate only 24people at a time only negative point is there are no seats.
After completion of the ride we went Himalayan exhibition…we purchased some handmade articles and spent some time over there and reached gangtok market which is very crowded and later we went to another hotel in M.G.Mart and had our dinner and returned back to our hotel around 9PM and slept. The climate was 14’ degrees in the afternoon it was less then 10’degrees in the nights.
In the morning we woke up and went to Sikkim tourist office to get the information about Nathula point, Tsongo Lake…..we enquired with another tour operator as well she told that the permissions for that day were over though she tried a lot but no luck….:( so we decided to hang out the places around the gangtok and searched for taxi…no one was ready to take us as we are 5persons at last we got one cab who accepted for 5persons and charged bit extra.
We started our trip by visiting suicide point it was like edge of the hills the scenaric view is very good one who loves the hills stations (like me… :D) will definitely enjoy a lot….later we went to flower show which is really interest where you can find a different types, varieties of flowers the way they decorated the flowers is really interesting.
We went to enchy monastery it’s a 200yr old monastery when we were there a lot of cute young monks who are doing their work offering prayers to god… inside the temple there is a Gawtham budha statue which looks like budha is very serious we took snaps along with monks. Later we went to Ganesh tok, Hanuman tok those are the temples we had a darshan and went to Tashi view point…it’s very beautiful where visitors can get a perfect view of the opposite hills, beside mount Kanchenjunga. The snow range of Kanchenjunga could be seen on clear days from this view point.
Later we went to Rumtek monastery and jhakri water falls it was like a natural waterfalls and the water was very fresh which was coming up from mountains and then we went Bhanjakri waterfalls here my sister dressed a traditional nepali dress and we took the photographs it’s really awesome. This is the last place and we got down near our hotel in the evening.
In the evening we spent our time by hanging out near M.G.Mart and all we enjoyed a lot…. the climate of Gangtok was really awesome…when it rains its really awesome the people of gangtok will always carry umbrellas along with them whenever they come out....because they cannot predict when it will rain.
The next day in the early morning we started our journey to Siliguri in Sikkim RTC bus the journey was really good we reached Siliguri the climate was too hot and disgusting somehow we managed and we boarded into our train capital exp at 3PM and reached Barsoi where we have to catch another train to Kolkata.
Barsoi, I will never forget this place in my life it’s a station we never get anything to eat there are no lights inside the stations the entire village is without power I donno know bihari’s are managing I think this the real situation in bihar. At last we got our train to around 6.30PM to kolkatta reached Kolkata the very next day around 7AM in the morning.
I will never forget the moments of this trip in my life people who planned to visit gangtok don’t check with travel operator they will loot the money like anything plan yourself personally and make arrangements like accommodation, sightseeing, cab e.t.c. The best part is people in Gangtok are really helpful they will speak 3-4 languages( Hindi, English, Bengali, Nepali) every one can easily manage.
Wednesday, February 24, 2010
Resolutions for New Mobile.
Since, When I thought of taking a new mobile...there are different thoughts behind me about options, compatibility, look e.t.c.... I have talked & talking to alot of people till now in maa circle....can't able to decide which phone I have to take....
Hmmm....let me tell you what exactly I am looking out....yeah...I am looking our for a phone with which I can easily browse....easy to navigate....luks cute....very smart options....slim....last but not least a very very reasonable price....:P he he....wid all these I am Irritating alot of people....
Atlast after checking different different models I have selected four phones which are Nokia E63, 5232, Samsung Corby Text, Pro....these all are very different in appearance.....some are similar in options....some phones have techie values....hmm....can't able to decide which phone I wanna take....
Nokia E-63
Nokia-5232
Samsung Corby Text
Samsung Corby PRO
Though, I forgot couple of people to mention here.....I think you may guess who are they yeah....maa dad & mom...who are screwing me up not to take a new mobile....will I listen to dem?? hu hu....donno....:D
Finally, I am waiting for the day to end maa suspendence...Just wait for another couple of days to know climax scene/drama of new mobile....:P he he....mates I forget if any one had gone through this post please suggest me a good phone....I don wanna irritate U....:)
Monday, February 15, 2010
Trip to Niligiris...!!
We have planned our itenery for 7days at ooty...we have planned our schedules, we reserved our tickets 2months before in advance...we all r dreaming about d day of journey...
Suddenly, one day while I am browsing through forums I found an article in "The Hindu" that the Toy Train to Niligiris has been canceled because of d heavy rains at Niligiris...I got very depressed that the nature has ruined my dream in d journey to Toy Train...Later on several discussion with ma friends we changed our schedule and planned to visit Kodai, Madurai.
After getting our schedules confirmed we searched for a good tour operator, cab companies & all...though, we discussed with so many people in d forums as well as through e-mails...at last we found one gud operator....we negotiated everything wid him....all my friends were accepted wid my negotiation.
At last, our journey day had came...we eagerly waited for dis day...60days of suspendence has ended up once we got into d train.... After 18hrs of journey we reached coimbatore successfully...our driver Mr.Vijayan is waiting for us @ outside of the coimbatore station...we went inside d can & started our journey to niligiris...on the way to niligiris we met our travel operator Mr.Anith & had a discussion about our itinery and all....
Finally, we started our journey to niligiris....really I cant forget d journey it was a deep hill station d journey in these hills feels you dat ur shifting into new life....the climate is too cold...the area is completely covered with fog we cant able to see d way...it took 3hrs roundly for us to reach our destination(ooty)...
Next day...after completion of our breakfast we started our sight seeing with Golfclub...this is the first time in maa life where I had seen d golf club.....only the registered members are supposed to play in that club....:-( later then we went to 6th mile shooting spot...hu hu...i wasn't able to control my emotions after seeing this shooting spot...then we guys moved to 9th mile I find a little bit difference in these but 6th mile spot is really awesome....after that we went farward to Pykara lake...on the way to these we had seen a dam named "Kamraj Sagar Dam"..unfortunately there is no entrance for this...:-(we just spent 5mins nearly at pykara lake. & then we went to pykara falls...these falls are truly natural...we find animals near to these falls....we spent alot of time over here had a little bit of fud here....
Later we returned back to ooty & went to ooty lake....arey baap...wat a lake yaar these r d words from maa friends....really wat a beautiful lake...we went for a boating in d lake & spent alot of time in the lake with boating....later we played a couple of games like dashing cars & all...den we had our fud(unfortunately it was our lunch....:-() then we went to botanical gardens....it was a beautiful location at ooty...where we can find a different types of flowers, plants....if ur a student of botany I'm sure this park will definitely help you for your projects and all...This park is located nearly in 55acres...though we haven't seen dis fully but it was a nice place...later we returned back to our cottage....
The next day was my b'day maa friends planned to arrange some party before the night....all of them bought a cake to make party they had an arrangement....unluckily they all slept because of busy schedule....:(
The next day we checked out our room & started our journey early we had a good breakfast at the same hotel....den we went to tea estates....where we had seen the tea museum, tea manufacturing process & all...later we bought some flavours of tea which are famous in niligiris...as well as we bought choclates tooo...& den we went to doddapetta which was the highest peak of niligiri hills....we had seen a different types of views from there.....really I assure every one needs to visit this place...
After completion of this visit we came down to niligiris & started our journey to kodaikanal via mettupaliam, Palani...cuming to palani this is d place where lord murugan temple is located....unfortunately we didn't had a darshan because of tired schedule....one thing I need to explain here our driver had another driver Mr.Suresh had joined in our troop...we started our journey to Kodai in the evening we reached our destination...
In kodai we stayed at Hotel Royal....which is a very budget hotel....on 31st we started our sight seeing with upper lake view in kodai...it was a place where every one need to visit...we can get the view of entire kodai lake from dis place....we had done a little bit of shoping here and den we went to moiers point...it was adjacent point of the hill...while we going farward it looks like a sea...while we went there it was a sky covered with fog...from there we can have a Shanti Valley view....then we went to Guna cave...it looks like a forest where we can view old caves & all...later we went farward to cookers walk...on the way to cookers walk we had seen a tree which is very old & it's called 500yrs old tree.....cuming to cookers walk...uff...I can't express the beauty of the view from cookers walk really it was a view where every one has to visit in their life....we skipped bryant park & went to kodai lake...here is the most beautiful part of kodai....uff I can't forget d boating....then we ended our sight seeing here & left to hotel....
Though, I mentioned earlier this is the first trip for us on outside AP it was first new year to celebrate outside as well...on 31st night we celebrated our newyear at kodaihotel...with a cake and fud....unfortunately the food isn't good but the cake is too nice....
On first day of 2010 we started our day & year with Treking...we heard about the name treking but we donno what treking exactly is...:P So, any way we started our day with "Vattakanal Falls" treking...these falls which are in a deep forest we need to go inside the forest it was a different experience while we follow the falls we are into deep forest in the place named lion cave...unfortunately we haven't been there....:-(
Nextly, this is the place where we can't forget in the entire trip...it was a treking to the Dolphin nose view, silent valley view...it took 45mins for us to reach Dolphin nose view...where we need to walk on the hills which doesn't have a road...d way is full of rocks, tree brances e.t.c....we are very tired to reach the place...but when we reached Dolphin nose we are not able to return back it was a good view from the end point of mountain really if u have been to kodai & doesn't done the treking here it was like missing sumthing....then we have been to silent valley view...huh it was the dead point view of the mountain wid rocks...huh a very dangerous & wortable place to visit...really it was the best place I have ever visited here..
Nextly, we went to Kurinji Andavar Temple had a good darshan over here & left to hotel....in the evening we have been to kodai lake for shopping we bought sweaters, choc's & all....we have been to cycle ride through out the lake it was a different experience in the evening on roads at Kodai cycling.....then we ended our day.
Next day, We checked out early in the morning from our room and started early to Madurai...Kodai-Madurai is a 120KMS distance it took 3hrs for us to reach Madurai....after reaching madurai we have been to a famous temple called "Madura Meenakshi Amman Temple".
There are a lot of entrances to this temple we have gone in one entrance...then we went inside the temple we had a darshan very fastly(though the temple is going to close very early) we haven't seen any thing inside d temple because of closing so in return we confused about our exit we went to different different exits at last we came out....then we went to railway station we kept our lagguage at cloak room.
In the evening time again we went to temple for a visit....this time we went inside through east entrance(it was a correct place to enter inside the temple)then we have been to 1000pillar palace which is located inside the temple...the pillars here in this temple are constructed with a structure of Gods....in the evening time we came out and had a good dinner....then left to station...
Our train at Madurai to our place is at 11.45PM we spent some more time in the station had a good time pass over there....hmm...finally for a conclusion a trip to Tamilnadu was a memorable moment for us every one in our mates nevva, evva forget the trip...though we missed some places in Niligiris because of rains...but we have seen some of the most beautiful place instead of them.
Friday, August 7, 2009
Maa Pasalapudi Kathalu-Vamsi
Tuesday, July 21, 2009
My Role Model
She was educated at the Bishop Cotton Girls School and Mount Carmel College at Bangalore. After completing her Bachelor of Science degree in Zoology from Bangalore University in 1973, she went to Ballarat Institute of Advanced Education (now University of Ballarat), Australia to study brewing and qualified as a master brewer in 1974. Kiran Mazumdar Shaw started her professional career as trainee brewer in Carlton & United Beverages in 1974. In 1978, she joined as a Trainee Manager with Biocon Biochemicals Limited in Ireland.
She started Biocon in 1978 collaborating with an Irish firm, floated 2 joint ventures, Biochemizyme and Biocon-Quest India Ltd. With her commitment to individual enterprise, she has held positions in industry councils, including Vice-President, Association of Women Entrepreneurs of Karnataka (AWAKE). Rightly, she was awarded Rotary Award for Best Model Employer, National Award for Best Small Industry, and most note worthily, the Padmashri in 1989 from the Government of India.
How tough was the business of breaking the invisible "glass ceiling"? Does it make you unhappy when people insist on calling you a "woman entrepreneur" and evaluate you with a special emphasis on gender?
I have grown beyond that sensitivity of reacting to the term "woman entrepreneur". I now think it will be a matter of pride to be called so as there are now a number of flourishing female entrepreneurs in our country and let's face it, women in business get noticed much more than men!
You have described yourself as "outspoken, impatient, and undiplomatic". But can that work, considering that running a mammoth industry means a constant interaction with politicians and bureaucracy?
I always believe that honest and vocal people do make a positive impact even on politicians and bureaucrats. They may dislike you for some of the things you say but they also respect you for your honesty.
Sunday, September 21, 2008
Two IIM-C Students Placed into Lehman Bro's for Londom Operations
Investment bankers including Merrill Lynch and the now-collapsed Lehman Brothers have been big recruiters on the IIM-C campus. For example, last year, 34% of a batch of 291 got jobs in the investment banking and financial services sector.
Even for summer placements, last year, firms such as Merrill Lynch hired 18 students, Morgan Stanley (11), JP Morgan Chase (13) and HSBC Global Investment Banking Division (6). "Both Merrill Lynch and Lehman Brothers are two big players as far as placements are concerned," admitted IIM-C chief administrative officer Dinesh Varma. "They are good paymasters too. Probably, this year we will miss them. There's bound to be some impact but nothing that we cannot overcome," he added.
For the interns, there has been no official communication yet, but they know they will have to put in their names for the permanent placement programme in March next year. "We put in 12-13 hours a day at the London office and worked on hot sectors like commodities and equity sales. Everyone there was very interested in India," the intern recalled.
Last year, salaries for international jobs crossed the Rs 1 crore mark and the highest domestic salary, including bonuses, was in the range of Rs 65-70 lakh per annum, offered by a leading international investment bank. "There were a total of 32 offers made to students by Slot Zero Investment banks," said Rahul Ajmani, placement coordinator at IIM-C. Some of the top notch firms which hired students from the batch of 2008 include Goldman Sachs, Merrill Lynch, Morgan Stanley, Barclays Capital, Lehman Brothers, UBS, JP Morgan Chase and ING amongst others.
-By Sudipta Datta
Thursday, March 20, 2008
Our Trip to Papikondalu
Our boat named "Godavari Vihari" a steamed boat with a capacity of 200 people..the boat started from Polavaram roundly at 9.30am in the morning..So we joined the rest of the group traveling with us. They were bunch of family. This family was all talking and having fun through out the ride...We took a break at a temple place called "gandi pochamma talli" a tribal village...there were a few tribal villages along the way on banks of the river...these are small villages with population ranging from 20 to 200 families, some of them are well connected, some are just connected by river and with no electricity. Around 200 and more villages are going to be submerged forever once this proposed "polavaram"project finally comes into existence as told by our guide. Even this very famous temple will no longer exist...So we were traveling upstream to this beautiful river whose breadth and depth of flow was amazing:) As it is upstream ride we took 5 hours to reach our destination.
ur next stop was "Devi patnam" it was customary stop for security checking which was normal for all rides here. One of the interesting facts about this police station was an old building belonging to British raj time. Famous rebel leader of this area in that period, Alluri sitharamaraju, who attacked a police station near to this patnam was kept in confinement in devipatnam. Ok thanks to our travel Guide:)I was sitting outside watching all the beautiful Godavari and those interesting villages passing by wishing that how beautiful it would have been if the weather was "cool".:)So lunch arrives and another juggle to swim through the crowd and finished lunch..There came One turn in river which was so narrow and beautiful and our guide told us that it was known as a dangerous turn especially during flood time. Here water depth reaches 250 feet making it more dangerous during rainy season. Godavari seems to be very vibrant and calm from outside.
When once we reached our destination "papikondalu", a pair of mountains standing tall, close to each other . From distance it seems that there is a curve in between the mountains from where the river is disappearing as it has got no place to flow. once we reach the place then we realize how wide it is. I cant really go into whole story told by my guide.From here we reached a place where bamboo tents were built on sand dunes..atlast we reached a place called "perantapalli", a small village of hardly 20 tribal families. There was a matt established by Ramakrishna mission in its beautiful backdrop. one small lagoon famous for its medicinal values, a small siva temple were the main attractions. These villagers are craftsmen and they make beautiful handicrafts out of bamboo...When we reached the temple water puddle there was a bliss..I splash some water on my face and for first time I feel like really "freshed up" :). ..we had our darshan inside the temple.
It was high time by then as it was already 3 pm, and we had a long journey to be back homeLots of pics. we totally enjoyed ourselves with a conversation and nature was glowing to compensate all the hard ride. :) i really cant explain how beautiful it was, making our team think to just jump on one island and stay back:) But we stored those memories in a digi cam:) they can just capture moments, but a ride can only be stored in your heart, the whole experience of watching the sun set behind those mountains. cool air, and its NATURE after all. So we took leave from the scene only when it was dark. It was quick and happy ride back to starting point.