The Gavankars

I received this great email from one of my friends.Very interesting.. Don’t worry this article doesn’t use terms like Commodity market or debt to equity ratio or any other term that you hate to read in your business newspaper. This is really a good and simple explanation. Please give 5-10 minutes of your free time to read it, its worth. ANECDOTE: Once there was a little island country. The land of this country was the tiny island itself. The total money in circulation was 2 dollar as there were only two pieces of 1 dollar coins circulating around. 1) There were 3 citizens living on this island country. A owned the land. B and C each owned 1 dollar. 2) B decided to purchase the land from A for 1 dollar. So, A and C now each own 1 dollar while B owned a piece of land that is worth 1 dollar. The net asset of the country = 3 dollar. 3) C thought that since there is only one piece of land in the country and land is non producible asset, its value must definitely go up. So, he borrowed 1 dol...

Forest Case: What Relief are we talking about for Common Man? Who is the sufferer? Common man like us, who have been staying here for 4 decades or who have invested in house and paying Pre-EMI installments for last few years. (Without knowing whether he will get possession of the house) Developers have already build complexes and handed over to housing societies & in case of under construction projects it is the people’s hard earn money or loan taken from banks, it is not developers money at stake. Government would be responsible - if something like this happens Bigger Banking Crisis: if all the families staying in the affected areas stop paying EMI - 1 lakh families already staying & plus another 75000 families who have invested in house and have taken loan from the bank as per the progress of the development. (Let the state government pay for all the mistakes they have created) As per today’s scenario normally all banks processing housing loans have rigours check list before ...

Today I came across an interesting news in a Marathi newspaper.It was about an unusual RTI request made to Pune collector office by an applicant below poverty line. Govt of Maharashtra has started citizen services delivery via single window through SETU scheme some 5 years back.These SETU center are located at each Tehsildar and collector offices across all districts of Maharashtra.Citizens can get the services and certificates like caste certificate,domicile certificate,income certificate etc etc through these centers. This particular applicant in Pune filed an RTI to collector office Pune and requested the entire data and the supporting documentation of ALL SUCH SETU applications made by citizens at Pune SETU office in last 5 years!!!Please note that a typical such application for example one for caste certificate requires supporting documentation of at least 10 pages!.. In one day a typical SETU center receives minimum 50-60 such applications..and more when there is a heavy demand f...