Something to ponder on ….
Now, where does Modi’s demonetization of the OHD currency come into the picture?
Is it really to curb black money? To a very small extent.
Is it to end corruption? You wish!
Is it to end terror financing? How innocent!
Is it to end counterfeits? Quite impractical
So what does Modi really intend to do with this demonetization scheme?
The answer is that, right from the beginning Modi has all been having an eye the savings of the middle class and the small fish and trying to get them to deposit cash into banks. This includes both cash and gold deposits. For this reason, he has launched many ‘schemes’, two of which the Jan Dhan Yojana and the Gold Monetization scheme. Under the Jan Dhan Yojana, even the lower income people and people from rural areas can begin to use banks to keep their cash. Atleast that is what is being said. Modi wants the people of India to keeping their cash in the banks, instead of holding it with themselves in any form. In the Gold Monetization scheme, he tried to incentivize people to deposit their gold assets into banks. When both failed to provide the returns he was looking for, he is now resorting to other methods.
So why does Modi so desperately want people to keep their assets in liquid form and in the banks?
The answer is quite simple: When banks have cash holdings, the politicians can easily force and arm twist the banks into granting loans to their crony capitalist friends like the Mallyas, Adanis and Ambanis, who have funded their election campaigns. In many cases like in Mallya’s case, they end up not even returning the borrowed capital back to the banks, let alone repay the interest. All these loans by crony capitalist loans will be converted as bad assets eventually and get written off by the banks(Rs 5,71,443 crore as of June 2016). All this while continuously increasing the interest rates on the loans taken by the middle class and smaller businesses.
So what happens next?
The thousands of crores that will get deposited into banks over the next few weeks will be immediately handed out as loans to the big businesses like Adani, Ambani etc, who are now entering the defence sector and other similar projects(Adani’s Bhutan Power project worth Rs. 800 cr). For example, the Ambanis (RIL)need to make investments to the tune of approximately Rs. 1,300cr for entering the defence sector. Ambani is not going to invest all the money from his pocket, right. Why?
A. Because he doesn’t know how profitable the venture will be. It will be profitable no doubt because he will land all the government defense contracts for sure, but he may not be sure of the degree of profitability of the Returns on Investment (RoI). On a side note, it is worth noting that as soon as Modi came to power, the diesel supply contract for Indian Railways was taken away from Indian Oil Corporation (IOC) and awarded to Reliance. As per 2013 figures, Railways consumed fuel worth Rs. 24,000 cr. As per 2015 figures, Railways consume 2.6 billion litres of diesel annually. So as of 2015, this contract alone was worth a ballpark Rs. 35,000 cr, and rising every year.
B. Secondly, this is free public money, which corporates may or may not choose to pay back to the banks.
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1. The change is sudden
Everyone is concerned by the action of the night making it invalid through the India high-value currency. Nobody saw it coming; Or has been prepared; Or was even an idea of its happening.
But there is something else that we know will surely come, but aren’t sure when, where and how – is death. And it will come even more stealthily than that!
We had 4 hours notice for this – but in death, there is not 4 seconds. Are we ready for secrecy and suddenness in death?
2. The value can be lost in a second
We got Lakhs of rupees in 500 and 1000 denomination yesterday – but today, they’re just pieces of paper!
Similarly, all gains verbal – money, wealth, fame, power – not only the high currency – all will be worthless for us a second after death.
3. Don’t Bank on banks
As ATMs and banks are closed today, the options for doing good deeds will close with death. No other charity can be made / notes withdrawn by us directly.
We can take advantage of the assets we purchased earlier with the motto 500 / 1,000, but can not buy new now. Similarly, only durable goods of good deeds we have created us will benefit after death – no new goodness can then be made.
4. False will not last
One of the goals of the action is to deal with counterfeit money. After that, all the false notes will be out of the system. So will it be with ourselves and our actions…
Try us – we notes authentic or fake – success, relationships, happiness, even good deeds? Our life is authentic or do we live a false life in a fake world?
5. Small is great
The great feats are at risk to raise pride and arrogance. The real jewels are small, quiet, hidden, deeds that are done with sincerity when nobody’s watching.
The person with two 100 rupee notes is now richer than the person with a thousand 500 rupees!
6. Source of questions
You will be asked for each of your actions, and your source / intent will be seen.
When you go to the Bank to exchange the note Rs 500/1000, you will be asked identity / PAN / source of income.
Similarly, when you make your actions to the creator, it will ask you your source / intentions / your goal. Have you done this to be called a generous person? Or to compete with someone? Or only for the will and the happiness of God?
Only the last will be valid currency!
7. Plan in advance.
Many people are busy to worry and plan what they can do with the invalidated currency now. But it may be too late.
Plan for the afterlife must begin in the present – with a good intention, sincere devotion and regular action. Otherwise, it could be too late.
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As UBER and Careem stepped into Pakistan. We decided to bring you the detailed analysis of Uber vs Careem Pakistan so you can easily decide which app you should choose to commute. This analysis will help people of Pakistan to decide the better service according to their needs.
Careem:
Careem is a Taxi booking service founded in Dubai. You can avail Careem in 10 Countries. If you don’t have this app you can Download HERE if you have an Android phone and HERE if you have an iOS. Careem’s HQ is located in Karachi. If you want 3 Free rides from Careem, click HERE.
Advantages:
- If you have the promo code then their ride will cost you cheaper than a Rickshaw ride.
- Careem users feel safe because they get each and everything about their ride and it’sdriver before it picks them up.
- If you have used their service several times, then there is a chance you might get apromo code.
- Drivers are well mannered.
- If you are in the middle of the city (Karachi,Lahore, and Islamabad) then this App is perfect.
- You can make money though Careem by giving them your Car on rent. If you’re interested,contact them.
Disadvantages:
- Sexual harassment case has been reported in Source
- It costs higher than Uber.
- Users prefer to usePromo code, which is not easily accessible, according to a student, “Without promo codes, Careem service is expensive”
- Due to non-availability, Careem loses 40% of their customers for not having the rides on time.
- Careem still struggles to have their coverage in NorthKarachi, Surjani, Bufferzone, Gulshan because of not having enough cars or customers.
- Waiting time can be longer.
Uber:
Similar to Careem, Uber is also a Taxi booking service. It is an American based transport booking organization. In Pakistan, It’s HQ is in Lahore, because they started their service in Lahore first.
Advantages:
- It offers thecheapest price. It only costs Rs. 13.7 per KM, 3.7 per minute.
- It has been serving more countries than Careem.
- You can make more than Rs100,000 with Uber!
- It’s cheaper than careem, you do not need any kind ofpromo code to avail a cheap ride. If you use two or three rides from Uber, then you will get a promo code.
- You can avail discounts by sharing a unique link to their App. Want to know more about this ? drop your questions in the comment box.
- Many eminent celebrities, such as Mahira khan and other have endorsed and appreciated their service, unlike Careem.
- They haveluxury cars UberBlack and UberLUX! Which will soon be unveiled?
Disadvantages:
- A lot of harassment cases have beenreported all around the world.
- Limited coverage in Pakistan.
- People switch to other apps such as A-Taxi and Careem due to nonavailability of cars in their area.
- Driverand ride details are not very coherent.
Conclusion:
After having a detailed analysis of Uber vs Careem Pakistan, it’s time to draw a conclusion, I have met many people online and face to face and asked them about their experiences with these two services, Uber and Careem. Most of the people suggested UBER is Better! than Careem. Furthermore, Uber vs Careem Pakistan, I have also experienced and have given both the app a chance, and the problem I faced with Careem was non-availability of cars in my area, and if cars are available then the waiting time is longer thIn I ever expected (2 hours!). So, I give Uber a try and it worked like a charm, so according to all the reviews gathered from the public who used both of these apps, UBER stands out as the best App for booking Taxi in Pakistan.
Posted in The World by .
Sep 16
18
Online Banking Safety Tips
Be Safe while you check your emails
Fraudsters are employing new methods to steal your personal / confidential information. Meticulously crafted emails are used to describe a fake event such as problems with a bank account, billing errors, or request to confirm a transaction. Such emails try to convince you to open an attachment or click on a link. The attachment once clicked may execute malicious programs to gain control of your computer and steal your personal / confidential information.
How to identify an fraudulent e-mail
1. Greeting – Most fraudulent emails will not address the customer by name.
2. Links that appear legitimate – The link may appear correct, but when your mouse cursor hovers over it the link points to a completely different web site.
3. Urgent Call to Act – Most fraudulent emails are crafted to convey a sense of urgency and encourage people to act immediately.
How to protect yourself
1. In case you do not recognize the sender, or the email appears suspicious, do not click on any links and open or save any attachments. It is best to delete such emails.
2. Install and regularly update your Antivirus and Internet Security Solution. These can protect against known viruses.
3. Enable automatic updates for your Operating system and other installed applications.
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Disclaimer
Not all posts on this blog are my own words. Nor are all articles written by me. The blog is intended serve as my journal and dairy of interesting reading I have enjoyed and want to share. Some write-ups do not have the name of its author, the reason behind it is that I do not know the original source nor the author. If someone knows it they can add it to the comment box.
