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*મચ્છુકાંઠા વિશાશ્રીમાળી જૈન સમાજ (ગુજરાતી) નો બ્લોગ ઘણા સમયથી ચાલી રહ્યો
છે પરંતુ તે વાંચવા વાળો વર્ગ બહુ જ નાનો છે તેથી તે બંધ કરી તેમાં અપાતા લેખો
ઇંગ...
13 years ago
Thursday, November 24, 2011
Tuesday, November 22, 2011
Death
Currently At :Mira Road, Mumbai
Name of the deceased Indiraben Jashwantray Mehta
Age : 75Years
Date of Death : 20-11-2011
Husband : Late Jashwantray Devidas Mehta
Date of Death : 20-11-2011
Husband : Late Jashwantray Devidas Mehta
Son : Jayesh
Daughters : Varsha Mukesh Mehta, Manisha Naren Sanghavi, Priti Sheshkumar Aiyyar
Father : Late Premchand Harjivandas Shah
Brothers-in-Law : Late Pratapbhai, Jawaharbhai, Late Surendrabhai, Late Sarojbhai,
Sisters-in-Law :Kumudben, Meenaben
May her soul rest in peace.
Petrol vs Diesel: And the Economies of Scale
With the prices of petrol skyrocketing, car buyers seem to be lining up to book diesel variants as they are highly economical and easy on the pocket compared to their gasoline counterparts. Well, that is only if you discount everything else and consider the running cost. Take a look at the bigger picture and bring it down to simple numbers to find the cost-effective option between petrol and diesel fueled variant
We did the math to compare the cost of operation for an entry level Maruti Suzuki Swift petrol with the diesel variant. The difference in the cost of the two variants is Rs. 90,000 with diesel being the more expensive of the two; add to that the interest one would gain on the excess amount at 10% p.a if the petrol variant was purchased. The diesel variant being more efficient and the cost of diesel being Rs. 20/litre lesser than that of petrol, it saves a lot of expenses on fuel (See Case 1), but the cost of regular maintenance of the diesel variant is higher than that of its petrol equivalent. Taking all these dynamics into account, the running cost of a petrol car comes to approximately Rs. 4.93/km in comparison to Rs. 9.5/km for the diesel if both the vehicles are run for 15000kms annually. Increasing the annual mileage put on the odometer, the diesel is at par with the petrol variant if and only if a person does a minimum of 45,000kms annually.
Low running? Wait for longer to recover costs
Now, it is understandable that an average Indian cannot put 45,000kms on the odometer annually considering the average run of an Indian being around 15,000kms per year. So does that totally rule out the diesel option? Well, no. Reverse calculating the amount of money saved on fuel (See: Case 2) by using a diesel car amounts to Rs. 30,500 annually after deduction of service costs for both the vehicles. Even so, after adding interest on the additional amount paid by a buyer at the time of purchase the diesel would be at par with the petrol variant mid-way through the third year. At the end of the fourth year with an annual running of 15,000kms, the money you would have saved in terms of running costs in a diesel would cover up the extra price you have paid, and you would have saved an extra Rs 9,700 as well. Only at the end of the fifth year do things begin to look rosy for diesels, with around Rs 40,000 saved in running costs over these five years.
What about depreciation?
Alright, so you finally made up the extra amount you spent in the initial invest of a diesel car, but what about depreciation? Assuming that both the variants have been reduced to half their cost after 5 years, you will still be losing more money in depreciation for the diesel, since it was a more expensive buy to start with.
The value of a Rs 4.95 lakh petrol car will be reduced by Rs 2.47 lakh at the end of five years. The value of a Rs 5.85 lakh diesel car on the other hand will be reduced by Rs 2.92 lakh – that’s Rs 45,000 lost straight in depreciation for a diesel.
This is an extreme scenario, we accept. The market dynamics for more-in-demand second hand diesel car space may result in lesser depreciation, and a better resale price. Either ways, the Rs 40,000 that a diesel user may gain after using the car for five years starts looking less rosy once you factor in depreciation as well.
Although, with the price of petrol is as high as Rs. 70/litre, the diesel may seem like a more affordable option, it may not necessarily be so. The diesel starts making economic sense for users who either have a run of 45,000kms annually or those who plan to retain the car for at least five years or till the time they hit 50,000 kms on the odometer. And for those who have much less traveling to do in a car, the petrol still makes for a better buy.
What about the feel factor?
Although mathematics seem to be in favour of a petrol car unless you plan to retain a diesel for a prolonged period or drive seriously long distances within the first year itself, it is clear that the choice between petrols and diesels also has other angles that must be considered before making that final call.
Psychological satisfaction is of utmost importance to an Indian customer; and along with it comes the mental peace of not having to refuel a diesel car every few days unlike the petrol equal which is pretty much perpetually thirsty. But, simply the fact that the diesel needn’t be refueled very frequently doesn’t make it a more economical option. A diesel starts making sense only when you have a run of at least 15,000kms anything less than that and diesel will smartly fool you into feeling richer just because you end up filling fuel less frequently.
It is not just the thirst for fuel of petrol cars that brings diesel vehicles into the lime light. The numbers before you clearly state, that you should consider buying a diesel only if your monthly run exceeds a 1000 kilometres. In fact our thesis was endorsed by Toyota at the recent launch of the Etios and Liva diesels, where they made it very clear that for a diesel to start looking rosy; one has to run it for nearly 2000kms a month. The numbers are before you, so remember that with a diesel, you would still be paying that extra cash for the first three-four years of running for the satisfaction of driving a diesel. It still is a case of different strokes for different folks, and choice still remains in the hands of the buyer. Hope this article helps you make a more informed one.
Think twice before saying Diesel is cheaper
Courtesy : zigwheels.com
Friday, November 18, 2011
Gujju Ka Khoon
An Arab was admitted in the Lilavati Hospital at Mumbai for a heart transplant,
but prior to the surgery the doctors needed to store his blood in case
need arises. As the gentleman had a rare type of blood, it couldn't be
found locally. So the call went out to a number of countries.
Finally a Gujarati in Ahemedabad was located who had a similar type of blood. The Gujarati willingly donated his blood for the Arab. After the surgery, the Arab sent the Gujarati as appreciation for giving his blood, a new Toyota Prado, diamonds, lapis lazuri jewellery, and a million US dollars.
Once again the Arab had to go through a corrective surgery. His doctor telephoned the Gujarati who was more than happy to donate his blood again.
After the second surgery, the Arab sent the Gujarati a thank you card and a jar of Almond halwa sweets.
The Gujarati was shocked to see that the Arab this time did not reciprocate the Gujarati's kind gesture as he had anticipated. He phoned the Arab and asked him that this time also I thought that you would give me Toyota Prado, Diamonds and Jewellery..... But you gave only a thank you card saying “Jai Shree Krishna” and a jar of Almond sweets..... On this the Arab replied:
..
"Bapu..... now I have Gujju blood in my veins!"
Finally a Gujarati in Ahemedabad was located who had a similar type of blood. The Gujarati willingly donated his blood for the Arab. After the surgery, the Arab sent the Gujarati as appreciation for giving his blood, a new Toyota Prado, diamonds, lapis lazuri jewellery, and a million US dollars.
Once again the Arab had to go through a corrective surgery. His doctor telephoned the Gujarati who was more than happy to donate his blood again.
After the second surgery, the Arab sent the Gujarati a thank you card and a jar of Almond halwa sweets.
The Gujarati was shocked to see that the Arab this time did not reciprocate the Gujarati's kind gesture as he had anticipated. He phoned the Arab and asked him that this time also I thought that you would give me Toyota Prado, Diamonds and Jewellery..... But you gave only a thank you card saying “Jai Shree Krishna” and a jar of Almond sweets..... On this the Arab replied:
..
"Bapu..... now I have Gujju blood in my veins!"
Wednesday, November 16, 2011
Girnar Pilgrimage by Shree Ghatkopar Machchhukantha Jain Mitra Mandal
Shree Ghatkopar Machchhukantha Jain Mitra Mandal is going on a pilgrimage to Girnarji to day. There are nearly 175-200 pilgrims taking part in this 5 nights- 4 days tour. The pilgrimage will start on 16th Nov. 2011 night and will end on 21st Nov. 2011 morning when they will come back to Mumbai . Along with Girnarji, they are also going to other nearby 'Tirths'. MVJSAMAJ wishes all the pilgrims a happy journey. Let this pilgrimage awaken a few souls in the path of real faith, real knowledge & real conduct.
Productivity Future Vision (2011)
Watch how future technology will help people make better use of their
time, focus their attention, and strengthen relationships while getting
things done at work, home, and on the go. (Release: 2011 by Microsoft)
Tuesday, November 15, 2011
Speaking English
By Karan Thapar
It's time to once again poke a little fun at the English language or, more accurately, our use of it. So, if you've had your fill of Anna, inflation, petrol prices and the 2G accused, this is very possibly the remedy you need.
Sit comfortably and read on for a little frivolous pleasure.
First, consider how the English language has changed. When I was 10, rubber meant eraser, ass meant donkey, gay meant happy, straight was linear, cock was a rooster, pussy a cat, a prick was a jab, a poke a nudge and a screw was what a carpenter used. Oh yes, in case I forget, a tit was a response for a tat. Now, today, even if you're gay, you're unlikely to admit it whilst many more are pricks and don't know it. And very few use a rubber! We prefer to use pens or type.
Now, here's an apocryphal account of what the Irish have done to the language. My cousin Arjun claims the Irish Medical Dictionary has the following unique definitions for words you and I have always understood differently.
Bacteria is defined as “the back door to the cafeteria“, Caesarian Section as “a neighbourhood in Rome“, Cat Scan as “searching for Kitty“, Coma as “a punctuation mark“, whilst Dilate is “to live long“, Enema is “Not a friend“, Fester is “quicker than someone else“, Fibula “a small lie“, Labour Pain “getting hurt at work“ and Morbid “a higher offer“. Nitrates are “rates of pay for night work“, a Tablet is “a small table“, a Pelvis is “a second cousin of Elvis“, Secretion is “to hide something“, Urine is the “opposite of you're out“ and Terminal Illness is “getting sick at the airport“!
However, more than the Irish, when it comes to destroying the English language the real offenders are the Americans. Even though Professor Higgins insists they haven't spoken it for years, they've mastered the art of making simple English needlessly complicated.
So when an American goes shopping rather than buy he asks “Can I get...“. When he contemplates, rather than choose the easiest he opts for the “least worst option“. When he arrives he doesn't disembark but “deplanes“.Worse, if something happens, often it's said to be “oftentimes“. And, of course, twice and thrice have been replaced by “two-times“ and “three-times“.
Finally, here are the Indianisms -our own unique national contribution to the misery of English -that I once threatened to bombard you with. This is a collection sent by Bambi Rao, to whom I'm, of course, indebted.
While the rest of the world on finishing their studies graduate, we “pass out“. Given our grades, perhaps that's more accurate. When we want to ask for a reply we command “kindly revert“, unaware that it means return to a former state. When we want someone to do something, we state “kindly do the needful“, which presumes they share our need. And famously, when we're away we say we're “out of station“. I wonder what's wrong with out of town or, even, I'm not here?
However, there is one Indianism that serves a most useful purpose and I do recommend it to the English. It's to “prepone“, the opposite of postpone i.e.to bring forward an appointment or an event. Quite frankly, this is a word that we need and it makes a lot of sense. It deserves to exist. So my advice to the lexicographers of the Oxford English Dictionary is simple: “Kindly adjust“!
The views expressed by the author are personal
Sit comfortably and read on for a little frivolous pleasure.
First, consider how the English language has changed. When I was 10, rubber meant eraser, ass meant donkey, gay meant happy, straight was linear, cock was a rooster, pussy a cat, a prick was a jab, a poke a nudge and a screw was what a carpenter used. Oh yes, in case I forget, a tit was a response for a tat. Now, today, even if you're gay, you're unlikely to admit it whilst many more are pricks and don't know it. And very few use a rubber! We prefer to use pens or type.
Now, here's an apocryphal account of what the Irish have done to the language. My cousin Arjun claims the Irish Medical Dictionary has the following unique definitions for words you and I have always understood differently.
Bacteria is defined as “the back door to the cafeteria“, Caesarian Section as “a neighbourhood in Rome“, Cat Scan as “searching for Kitty“, Coma as “a punctuation mark“, whilst Dilate is “to live long“, Enema is “Not a friend“, Fester is “quicker than someone else“, Fibula “a small lie“, Labour Pain “getting hurt at work“ and Morbid “a higher offer“. Nitrates are “rates of pay for night work“, a Tablet is “a small table“, a Pelvis is “a second cousin of Elvis“, Secretion is “to hide something“, Urine is the “opposite of you're out“ and Terminal Illness is “getting sick at the airport“!
However, more than the Irish, when it comes to destroying the English language the real offenders are the Americans. Even though Professor Higgins insists they haven't spoken it for years, they've mastered the art of making simple English needlessly complicated.
So when an American goes shopping rather than buy he asks “Can I get...“. When he contemplates, rather than choose the easiest he opts for the “least worst option“. When he arrives he doesn't disembark but “deplanes“.Worse, if something happens, often it's said to be “oftentimes“. And, of course, twice and thrice have been replaced by “two-times“ and “three-times“.
Finally, here are the Indianisms -our own unique national contribution to the misery of English -that I once threatened to bombard you with. This is a collection sent by Bambi Rao, to whom I'm, of course, indebted.
While the rest of the world on finishing their studies graduate, we “pass out“. Given our grades, perhaps that's more accurate. When we want to ask for a reply we command “kindly revert“, unaware that it means return to a former state. When we want someone to do something, we state “kindly do the needful“, which presumes they share our need. And famously, when we're away we say we're “out of station“. I wonder what's wrong with out of town or, even, I'm not here?
However, there is one Indianism that serves a most useful purpose and I do recommend it to the English. It's to “prepone“, the opposite of postpone i.e.to bring forward an appointment or an event. Quite frankly, this is a word that we need and it makes a lot of sense. It deserves to exist. So my advice to the lexicographers of the Oxford English Dictionary is simple: “Kindly adjust“!
The views expressed by the author are personal
Courtesy : Hindustan Times
Monday, November 14, 2011
Death
Currently At :Kolkatta
Name of the deceased Jitendra Dhirajlal Gandhi
Age : 69Years
Date of Death : 10-11-2011
Wife :Late Hansaben
Date of Death : 10-11-2011
Wife :Late Hansaben
Son : Kamal
Daughter : Kalpana Paresh Kothari
Father : Late Dhirajlal Virpal Gandhi
Brother : Mahendrabhai
Sisters : Hemlata jayantilal Shah, Jyoti Jawahar Patel,Niruben Lalitkumar Patel, Hasuben Viren Modi
May his soul rest in peace.
Gyroscope - Is this Magic?
A toy gyroscope demonstrates the remarkable consequences of "angular momentum".
Sunday, November 13, 2011
Death
Currently At :Rajkot
Name of the deceased Dineshchandra Shantilal Parekh
Age : 70 Years
Date of Death : 10-11-2011
Wife :Gitaben
Date of Death : 10-11-2011
Wife :Gitaben
Son : Chetan
Daughters : Mita, Hetal
Father : Late Shantilal Jasraj Parekh
Brothers : Jitendra,Narendra, Bipin
Sisters : Usha, Jyotsna, Meena,Charu
May his soul rest in peace.
Saturday, November 12, 2011
Life in the Blue (HD)
BBC's "Life in the Blue" collection portrays a remarkable array of underwater species in their most natural habitat.
Filmed by one of the most renowned oceanic cinematographers in the world, the footage spans the globe from the frigid waters of Norway to tropical ocean seas. Subjects include venomous fish in Papua New Guinea, great white sharks in South Africa and giant mantas in Mexico, whales and many other rarely seen creatures.
Filmed by one of the most renowned oceanic cinematographers in the world, the footage spans the globe from the frigid waters of Norway to tropical ocean seas. Subjects include venomous fish in Papua New Guinea, great white sharks in South Africa and giant mantas in Mexico, whales and many other rarely seen creatures.
Thursday, November 10, 2011
Death
Currently At :Borivali, Mumbai
Name of the deceased Prafull Amrutlal Punatar
Age : 75 Years
Date of Death : 09-11-2011
Wife :Kiranben
Date of Death : 09-11-2011
Wife :Kiranben
Son : Chirag
Father : Late Amrutlal Chhaganlal Punatar
Brothers : Suryakantbhai, Jitubhai
Sisters : Late Pushpaben,Nirmalaben, Sarlaben, Devikaben
Brother-in-Law : Prafull Trambaklal Mehta, Deepak Trambaklal Mehta
Sister-in-Law : Kalpana Dilip Mehta
Father-in-Law : Late Trambaklal Umedchand Mehta
Mother-in-Law : Late Taraben Trambaklal Mehta
May his soul rest in peace.
Wednesday, November 9, 2011
Impact of Direct Tax Code on Insurance
It’s
time for the annual tax saving rigmarole to start – calls to your
chartered accountant or financial planner, poring over documents,
discussions on best-suited investment options, and so on. Things may not
be much different this year from before, except for one key difference.
You could see your planners considering the proposals in the Direct Tax
Code (DTC) while drawing up the list of tax-saving instruments for you.
Since many individuals prefer to (or are goaded into) buying life
insurance policies merely to save tax – a tendency, say financial
planners, that is not advisable at all – here’s what you need to know
about tax breaks pertaining to life and health insurance policies under
DTC.
While DTC is yet to be formally legislated and, hence, is subject to change till it is implemented, it wouldn’t hurt to keep an eye on the proposals while planning for the current year. And the chief reason why you need to understand DTC’s provisions on insurance is because it will have retrospective effect, which means policies that you may buy this year keeping the current norms in mind (and even those bought in the past, if any) might see different tax treatment in future. Under the current laws, an individual can claim deduction on premium of up to 1 lakh per annum paid as premium for life insurance. Life insurance is among the many tax-saving avenues under section 80 C of the Income-Tax Act. The section also offers tax breaks on investments in provident fund, pension fund, and ELSS (equity-linked saving schemes), besides home loan principal repayment and children’s tuition fees. If DTC is implemented in its existing form, the total savings-related deduction will be 1.5 lakh.
However, out of this, an aggregate deduction on life as well as health insurance premium and children tuition fees will be restricted to 50,000. What’s more, you will not be entitled to deduction on life insurance premium if it exceeds 5% of the policy’s sum assured. That is, if your policy offers a cover of 10 lakh, then your annual premium cannot be more than 50,000.
If your policy structure does not meet this condition in any of the years, you will also have to pay tax on the proceeds received upon completion of the tenure. This apart, the maturity proceeds will be exempt from tax only if they are received upon completion of the original period of contract of the insurance.
Another change is that both forms of insurance – life and health – are clubbed together for calculating deductions unlike now, where health insurance-related concessions for premiums up to 35,000 (or up to 40,000 in some cases) fall under section 80D.
Courtesy : Economic Times
While DTC is yet to be formally legislated and, hence, is subject to change till it is implemented, it wouldn’t hurt to keep an eye on the proposals while planning for the current year. And the chief reason why you need to understand DTC’s provisions on insurance is because it will have retrospective effect, which means policies that you may buy this year keeping the current norms in mind (and even those bought in the past, if any) might see different tax treatment in future. Under the current laws, an individual can claim deduction on premium of up to 1 lakh per annum paid as premium for life insurance. Life insurance is among the many tax-saving avenues under section 80 C of the Income-Tax Act. The section also offers tax breaks on investments in provident fund, pension fund, and ELSS (equity-linked saving schemes), besides home loan principal repayment and children’s tuition fees. If DTC is implemented in its existing form, the total savings-related deduction will be 1.5 lakh.
However, out of this, an aggregate deduction on life as well as health insurance premium and children tuition fees will be restricted to 50,000. What’s more, you will not be entitled to deduction on life insurance premium if it exceeds 5% of the policy’s sum assured. That is, if your policy offers a cover of 10 lakh, then your annual premium cannot be more than 50,000.
If your policy structure does not meet this condition in any of the years, you will also have to pay tax on the proceeds received upon completion of the tenure. This apart, the maturity proceeds will be exempt from tax only if they are received upon completion of the original period of contract of the insurance.
Another change is that both forms of insurance – life and health – are clubbed together for calculating deductions unlike now, where health insurance-related concessions for premiums up to 35,000 (or up to 40,000 in some cases) fall under section 80D.
Courtesy : Economic Times
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