Thursday, August 7, 2014

Only Hard Cash-No Plastic money for 200th episode of Lalbagh Flower Show 2014

The famed Lalbagh Flower Show is back in action. Please carry CASH for entry tickets to the 200th episode of Lalbagh Flower Show 2014

             Karnataka’s Chief Minister Siddaramaiah will inaugurate the show on 08/08/2014.

            As usual the common people (AAM AADMI) have to shell out money as entrance tickets.

            This year too, only hard cash will be accepted for entry tickets. Mobile money or other types of eMoney will not be accepted.

            However as a consolation, ticket-holders will be treated to a grand spectacle of Mysore Palace crafted out of 3 lakh roses. Red/Yellow and White roses  from Bangalore and Doddaballapur will form part of the flower Mysore Palace.

            The entry fees are us under:
01) Entry fee on August 8, 11, 12, 13, 14,16 - Rs 40 (adults), Rs 10 (children)
02)Entry fee on August 9, 10, 15, 17 - Rs 50 (adults); Rs 10 (children)


Tuesday, August 5, 2014

Syndicate Bank – Press Release – ALL IS WELL

            Syndicate Bank is suddenly in the news for the last two days. They say one way to attain fame, is to become notorious.
            Over the years the Bank has won numerous awards. The feather in the cap was when  ‘Andhra Pragathi Grameena Bank’,  (sponsored by SyndicateBank) was selected by the A.P. Govt. as the Best Bank in the State in the field of agriculture financing.
            Syndicate Banks everlasting contribution to Indian banking is the introduction of Pigmy Deposit Scheme.
            Buoyed by the success of Pigmy Deposit Scheme, over the years, many other banks adopted the same.
            Today, to safeguard its interests and its customers interest Syndicate Bank released a Press Release, the highlight as the ALL IS WELL message.
            Yes, ALL IS WELL in Syndicate Bank, go ahead and continue to Bank with Syndicate Bank


Monday, August 4, 2014

10 % Aadhaar Applications rejected by UIDAI

Till Mid-July 2014, UIDAI has received 73.71 crores applications for issuance of Aadhaar numbers. After final scrutiny of the Data, a total of 8.45 crores applications were rejected by UIDAI.

            Finally, 64.05 crores Aadhaar Numbers were generated by UIDAI.

            One of the main reasons for rejection of Aadhaar applications is the submission of multiple applications by the same applicant. It has been observed that the same applicant after waiting for his/her Aadhaar number reapplies if the Aadhaar number has not been received for a considerable time.

            The UIDAI website clearly states that in case of any rejection, the reason for rejection along with steps to be taken post rejection will be communicated to the resident and the Registrar.


Sunday, August 3, 2014

Big Bang entry in Indian education scene – HDFC School

            In a move to broad base its catchment area, HDFC Group has finalized the location for its first school.

            Sector 57-Gurgaon will have the privilege of having the country’s first HDFC school, which will be run by the housing finance major's wholly-owned subsidiary HDFC Education and Development Services.

Though the school will start functioning only from next academic year (2015-16), it will accept admissions for nursery to standard III from this month. The HDFC School will have classes up to standard 12.

The fees structure is not yet made public but there are indications the school will positioned as ‘international school,’ with monthly fees upto  Rs10,000/-.

HDFC Education and Development Services was formed last November.

The background preparations were going for the last two years, and HDFC was  in talks with real estate developers, who already work with the bank for its housing loan arm to provide HDFC with infrastructure available to set up schools.

The company is open to take over defunct schools and run them. HDFC already has an educational loan unit — Credila Financial Services — in which it raised its stake to 51 per cent in July. Credila plans to leverage the distribution network and customer base of HDFC Bank to expand and also bring down the cost of funds.

Apart from schools, HDFC also plans to have two skill upgradation centres in Hyderabad and Ahmedabad to train people for the financial services, back office and hospitality businesses. These centres will operate from rented premises and hence the uptime will be less as compared to full-fledged schools.

The push into education is being spearheaded by HDFC's Delhi-based managing director Renu Karnad.  Besides setting up its own schools, HDFC will also be providing school management and other allied services. 

Saturday, August 2, 2014

Gold Deposits back in flavor - TTD deposits 1,800 kg gold offerings with SBI

  TTD ( Tirumula Tirupati  Devasthanams) is the official Board which manages the activities in the India’s richest temple i.e Lord Sri Venkatewara(also called Lord Srinivasa) temple on the Tirumala hillock.

            There is a never ending stream of visitors to seek the Lord’s blessings. eDarshans are available but majority of the pilgrims prefer to soak in the religious atmosphere on the hillock.

            Traditionally, on fulfillment of vows pilgrims make their offerings at the temple hundi. Over the years, the rich and mighty prefer to offer GOLD to the Lord.

            To safeguard the gold, periodically the Gold is deposited with Banks. After a gap of two years, the TTD made a whopping 1,800 kg of gold was deposited with State Bank of India.

            With this 1,800 kg gold deposits, the gold deposits with various banks has crossed 5,000kgs.

The gold offered by devotees in the hill temple hundi was deposited under SBI Gold Scheme for a period of five years at the rate of interest of one per cent, which effectively would mean addition of 12 kg of gold per year.

In a mega publicity program, the gold was handed  over by Executive officer of the Tirumala Tirupati Devasthanam (TTD) M G Gopal handed over the gold to State Bank of India (SBI) Chairperson Arundhati Bhattacharya at the TTD Headquarters.

The deposited gold will be taken to Government Mint at Mumbai by SBI by incurring transportation charges, transit insurance, melting and refining charges and pure gold of 0.995 purity is taken as gold deposit.

            The interest on gold deposit was likely to fetch TTD around 12 kg of pure gold every year, netting a total of around 60 kgs in the five year period, temple sources said.

Since 2010, on maturity of gold deposits, TTD has been converting the interest earned also into gold which would again be kept as deposits, they said.

Excluding today’s deposit, TTD was having around 4,335 kg of pure gold under gold deposits with the SBI, Corporation Bank and Indian Overseas Bank.

These gold deposits earn an interest of 70 kg of pure gold approximately every year to the TTD coffers.