e-Nagar

August 24, 2007

Mayawati’s Logic

Filed under: News — Ankur Aggarwal @ 11:18 am

A man wants to earn his bread by doing a legitimate trade. He is helping the poor farmers (by giving them a better price for their produce), the common man (by providing better services at cheaper rates) and the government (by paying VAT/ TAXes since all his transactions are billed). In doing so, he is antagonizing a lot of people who have vested interests in screwing the common man, the poor farmers and the government.. just to line their pockets… So they just team up and go ahead and ransack his guy’s shop.

What should the government do?
Should it not help this guy, and prevent people from terrorizing people into submission? Instead our educated and learned Mayawati is siding with the mobsters by ordering all big retail outlets to shut shop. Not only this, she created a committee (atleast 6 months delay) to decide when and how to reopen it.

What kind of justice is this? Are we some sort of anarchy where any Tom, Dick and Harry can pelt a few stones and get what they want…. whether its stop screening of a movie, or just getting rid of competitors.

August 23, 2007

Instructions

Filed under: Humor — Ankur Aggarwal @ 10:58 pm

NOT TO BE USED AS PROTECTION FROM A TORNADO
found on a Taiwanese towel

REMEMBER, OBJECTS IN THE MIRROR ARE BEHIND YOU
helmet mounted mirror for US cyclists

USE REPEATEDLY FOR SEVERE DAMAGE
Taiwanese shampoo

THIS PRODUCT IS NOT TESTED ON ANIMALS
found on New Zealand insect spray

OPEN OTHER END
found on the bottom of Coke bottles

PRODUCT WILL BE HOT AFTER HEATING
Marks and Spencers bread and butter pudding

—-
A big, burly man visited the pastor’s home and asked to see the minister’s wife, a woman well known for her charitable impulses.

“Madam,” he said in a broken voice, “I wish to draw your attention to the terrible plight of a poor family in this district. The father is dead, the mother is too ill to work, and the nine children are starving. They are about to be turned into the cold, empty streets unless someone pays their rent, which amounts to $400.”

“How terrible!” exclaimed the preacher’s wife. “May I ask who you are?”

The sympathetic visitor applied his handkerchief to his eyes. “I’m the landlord,” he sobbed.

August 21, 2007

Law

Filed under: Humor — Ankur Aggarwal @ 10:33 pm

What’s the difference between out-laws, and in-laws?

Out-laws are wanted.

—-
A man was driving home his new car and was fascinated by all its new bells and whistles… but he had this strange feeling that he had forgotten something.
He felt his pocket and found his billfold; he had his keys and checkbook; he had everything and yet the feeling persisted. As he drove in his driveway, his daughter ran out to see their new car, stopped short, and cried, “Daddy? Where’s Mommy?!”

August 20, 2007

Regulation

Filed under: Thoughts — Ankur Aggarwal @ 9:51 pm

Being born under License Raj, I always feel that regulations is bad. The only thing it does is add shackles and more red tape. But then this article throws a valid new viewpoint.

Back in the nineteen-seventies, an economist named Thomas Schelling, who later won the Nobel Prize, noticed something peculiar about the N.H.L. At the time, players were allowed, but not required, to wear helmets, and most players chose to go helmet-less, despite the risk of severe head trauma. But when they were asked in secret ballots most players also said that the league should require them to wear helmets. The reason for this conflict, Schelling explained, was that not wearing a helmet conferred a slight advantage on the ice; crucially, it gave the player better peripheral vision, and it also made him look fearless. The players wanted to have their heads protected, but as individuals they couldn’t afford to jeopardize their effectiveness on the ice. Making helmets compulsory eliminated the dilemma: the players could protect their heads without suffering a competitive disadvantage.

Basically most people want to do things a certain way, but they cannot do it because it won’t make them look good. So in that case government regulations are good.

eg: A lot of people do not wear specs… Because it makes them feel uncool. So they have 2 options, discard the specs and watch a blurry TV 24 hours a day or go for contact lenses (which harm the eye and increases your risk of infection) So even though you are most comfortable wearing a specs, you do not even want to be spotted with it.

On a lighten tone…. why is it that people wearing specs are regarded as intelligent, who can read and write well… but those wearing a hearing aid not considered good listeners?

August 19, 2007

Home Loan Insurance Vs Term Insurance

Filed under: Investing — Ankur Aggarwal @ 10:53 pm

For most people, the Home Loan EMI is the single largest monthly expense. With the interest rates getting revised, often the wifes are forced to continue employment just to be able to run the household. Hence Home Loan Insurance is a very good scheme. It allows your family to have a house over their head even after you are gone.

However, I would advise people to go for term insurance rather than go for house loan insurance. Reasons
1) Term insurance cover remains constant for the entire period.. While after each EMI, the housing loan cover reduces. Although the insurance companies claim that they take care of this difference by reducing the premium amount, but if you do the maths and take into account that the insurance premium increases as you age, you will find that the deal is not good enough.

2) Interest Rate fluctuation: Rise of even 0.5% of interest rate would increase the EMI term for additional year, however this insurance does not give you any insurance cover for those EMI. On the other hand if the interest rate falls and the period of the loan gets reduced, the refund from the insurance premium is minuscule. (thanks to their service charges.)

3) Foreclosure: Most of us agree that even though we take a housing loan for 15-20 years, there is always a chance that we will have to foreclose… Reason could be because you have made enough money to pay of the loan dues and save on interest, or because you want to sell the house (move to a different city/bigger place) or you might to switch the loan from one bank to another… In event of foreclosure, the home loan insurance is void.

4) Full fledged term insurance gives you an opportunity to have all the additional extra benefits like disability, critical illness etc… which are not covered in the home insurance.

Hence, although I strongly recommend a person to go for a insurance the moment he takes up a long term financial commitment like housing loan (or marrying and promise to pay the wife’s shopping bills), its best to make it a plain vanilla term insurance rather than an exotic scheme like this. This scheme might look cheaper on the first glance, but due to limited benefits, it only reduces the flexibility.

August 18, 2007

Just Don’t Cheat

Filed under: Humor — Ankur Aggarwal @ 10:24 pm

i call that apt justice
I wonder whether the guy would be more sorry about the fact that his wife found out about his cheating or about what she did to his car
(more…)

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