Bank Bazaar is the first neutral online marketplace throughout the world that offers you quick customized rates on loans and insurance merchandise. You can get instant access to search, can compare and apply to loans, credit cards, and other insurance products on our website. BankBazaar.com is the only great deal that you look for because we have partnered with India’s leading financial intermediaries and insurance companies. Our goal is to create it as simple as everyone can urge a smart and sensible deal on loans or insurance items. BankBazaar.com permits you to make a comparison between the entire prices of offered loans and get access to authentic customer ratings about financial intermediaries. We want to simplify lots of choices for you, to assist you in clear and beneficial decision making and to acquire your favored product instantly. Moreover, our services are free of cost.

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The management team of BankBazaar.com
BankBazaar.com was initiated by a bunch of US-returned and local entrepreneurs from Deloitte, capital one, Amazone.com, Kraft, and Microsoft and includes Alumni from the faculty of engineering Guindy, Columbia University, REC-NIC Trichy, Virginia Tech, Georgia Tech, and BITS Pilani. We are primarily located in Madras, India and our investors are a superb cluster from India as well as from USA.

Founder and CEO, Mr. Adhil Shetty and Mr. Arjun Shetty
Before the foundation of BankBazaar.com, Adhil Shetty was resident in the Big Apple, New York, and organized Deloitte Touche Tomahatsu’s US East alliance with the world’s top Data Management Company. Adhils has a master’s degree from Columbia University in negotiation with a specialization in international finance and business and has a bachelor’s degree in Engineering from Anna University’s school of Engineering Guindy. Arjun was connected with Amazon.com in Seattle, and was the organizer of Visa credit card program. He has a master’s degree from Georgia institute of technology in Operations research and a bachelor degree from the same institute and in the same subjects like that of Adhil Shetty.

Founder and chief product officer, Rati Rajkumar
Rati is accountable for client experiences on BankBazaar.com. Before founding BankBazaar.com, she was an efficient worker of Kraft food within the US and Taiwan. The launch and head to market operations of various Kraft foods’ brands in the export market is on her credit throughout the world such as Toblerone in Brazil and Milika in Us. She has a degree in business administration from MOP Vaishnav University.

Other faculty members of BankBazaar.com are CTO Iype Isac worked at Microsoft in Redmond, vice president of operation and partner management Abhishek Dwivedi, vice president Engineering Munish Sivagurunath, vice president customer service Vivian Josey. All the faculty members are highly educated and have good expertise in their relative fields and are performing their liabilities very well.

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You can read more details from http://www.bankbazaar.com/

India – Victim of collateral damage again!

S&P downgrades US credit rating

In a now historical move, global credit ratings agency, Standard & Poor (S&P), downgraded the US credit rating by a notch from AAA to AA+ just a few days after two other global credit ratings agencies, Fitch and Moody’s had affirmed the US credit rating at AAA but with a warning of a downgrade possibility in the future if the US deficit does not come under control.

S&P, however, has taken a tougher stance as is reflected in the statement released by the agency, which read, “The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics.”

Implications for the US

A ratings downgrade would typically lead to an increase in borrowing costs for the country, as well as for its corporates and the consumers. Thus, this event would not only add to the expenditure bill of the US government and put pressure on the deficit of the country, which is already facing debt problems, but would also affect the spending pattern of US consumers, which would ultimately be reflected in the form of slower growth of the US GDP.

Moreover, more than this event itself, it is the timing of the event that could create some problems for the US as the economic recovery was already in question (with a certain faction of the market even predicting a recession soon), and this move would only increase the challenges for the government to prevent another recession.

However, it seems unlikely that based on this event, the world would take a harsh view towards the US immediately in the near-term as is seemingly evident from the fact that major economies like Japan, China and Australia have already affirmed their faith in US treasuries despite the downgrade. Moreover, it needs to be borne in mind that two other global ratings agencies, Fitch and Moody’s, have maintained their AAA rating though with a negative watch.

Implications for India

As is well known, India is a domestic consumption story built around its 1.2 billion people. Exports form 15-20% of the country’s GDP and within this too; the Middle East and other Asian nations are important contributors with less than 50% of exports being contributed by the US and the European Union. Thus, the impact of a US slowdown is expected to be limited and temporary in nature on the Indian economy. To put this in perspective, post the sub-prime crisis in 2008, while India’s GDP was affected for a couple of quarters in 2HFY2009 wherein the quarterly GDP growth went below the 6% mark, it bounced back equally sharply and within the next two quarters it was back above the 8% growth mark.

Further, now in the backdrop of this US event and interest rates in India at a decade high, a silver lining is that it may force the RBI to re-think its strategy of raising interest rates further, if over the next few days/weeks visible signs emerge that the US growth is in further jeopardy and consequently India’s growth could get affected to a certain extent in the short-term. Note, any pause in interest rate hike by the RBI will be a huge relief to the market and a big positive for the Indian economy. Further, relatively, India’s resilience and economic strength in a weakening global environment will get visibly highlighted in the years to come and will lead to some shift in the global investment pattern in favour of India.

Implications for the Indian stock market

Akin to 2008, wherein India was not a party to the sub-prime crisis, but was affected because it was financially integrated with the world, this time too, some repercussions of this event could be felt in India too, especially on the FDI and FII fronts as US is an important source of liquidity.

Thus, considering the FII inflow angle, the Indian stock market may witness some correction over the next few days/weeks as jittery FIIs turn risk averse. However, the extent of nervousness is debatable as the possibility of a US credit downgrade was being built into the global markets as is evident from the 5-10% witnessed across equity markets this week, especially in the US and Europe. Moreover, even in the past, while Indian stockmarkets have corrected sharply over short periods of time because of the high dependence on FII flows, the recovery has been equally swift. While historical trends are no guarantee of replications in the future, it is important to bear in mind the value proposition that Indian equities offer.

Notably, while historically India Inc. has registered a Net Profit CAGR of over 15%, even if we assume that the growth over the next couple of years would be curtailed, still, at the current level of 17,300 the Sensex is trading at about 13x FY2013E EPS, which is below its historical valuation of about 15x. Moreover, every correction will only make Indian equities more attractive for medium-to-long-term investors. Thus, one must make selective investments into Indian equities and considering the volatile times prevalent, a systematic investment approach is all the more advisable.

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Firstly – spare at least an hour for this check (yes it takes that long to check a car out! new or used!!)

Check to see if the owner has maintained a chart or a service history with bills – all good responsible car owners maintain a chart and keep a track of their service record, it will give you an idea of how much care the car has got and also how much it costs to maintain it.

Check out the car – take a good walk around it; look for any scratches visible to the naked eye, any signs of a dent, any part out of place. Easiest things to spot – windshield, scratches, dents, corrosion spots, broken lenses, faded mirrors, worn wipers, missing wheel covers (hubcaps).

Closer inspection – bend down, take a good look at the undercarriage – if needed take an expert along to gauge the quality of the suspension (right down to the bushes and bolts) and or anything which could give a sign of the car having been driven rashly or by a novice. The lines of the car should be perfectly straight – what I do is position myself behind the car on either side of the back fenders and bend down to my knees to see the lineage of the car right down to the front head lamps (gives a fair idea of the care having been involved in a side on accident.) Check the paint quality – it should be even parts of it too faded, or too new, are dead giveaways of having been readied after an accident.

Much closer inspection – open the bonnet – look on the insides for any kind of unevenness ( again for crashes and accidents, or rash driving ) the car should have a perfectly crafted skeleton if driven responsibly. Try to check for any kind of leakages, rusting, paint chips, or funny smells. Open the Boot, check the linings again for unevenness (again for crashes and accidents and rash driving) l removes everything from the boot including the spare wheel and sits inside if you have to and get a good look.

The Tyres- check for tread – uneven, extra worn, over used, chipped rubber missing hubcaps, brand, size etc (check for the company size brand and spec and carry it along with you if possible depending on the car you are looking at) take an even closer look at the rim, get those knees down, run your fingers around the rim from the inside, it will grease and dirty the fingers but will tell you a lot about what the car has been through.

The inside – open all the doors and sit in the drivers seat and get a feel of the vehicle, check the seat lining, bend down again and look at the amount of wear and tear, remove the floor mats and check for any kind of damage, check the pedals ( clutch brake and accelerator for any kind of looseness ), try changing a few gears, try the seat adjustor, inspect the steering closely, start the car – it should start easily no matter how old or cold, check out every electrical equipment provided from indicators to the Aircon, Wipers, Music System ( if fitted ), keep a ear out for engine noise ( remember your doors are open and you should get a good sound of the engine.

Switch off and get in the back seat, inspect thoroughly again for any signs of excess wear and tear, seat quality, door handles, windows ( especially if power windows ) leg room.

You are now ready to take the test drive! get back in the drivers seat and start the car, take a test drive – preferably in a deserted place at first and then onto a crowded road – get some good speed – see how the car handles – check for excessive roll, take it into a couple of potholes (It shouldn’t be too hard to find on our roads! and see how the suspension is, the drive quality should extremely good if the car has been well maintained. Check the Pick up, with and without the Aircon, check the sound quality of the music system (speakers etc) if one is fitted. Test the brakes by jamming them just a little hard at good speed (55-60 km/h should be good) (make sure the road is adequately wide and deserted and drive safe.) If you’re not sure about how to gauge the alignment then take an expert along with you. The wheels should be well aligned and the machine should not have any kind of wobble, neither should the suspension be too soft and squishy (which is the case with most used cars I have driven, sad but we don’t maintain our cars very well!).

Testing the Gears – while on the test drive Try to drive the vehicle in each gear. All gears should shift smoothly and easily without any noises, jerks or shudder. While driving at the second or third gear, try to accelerate suddenly. The clutch should not slip. If you feel slipping (the engine rpm increases but the vehicle speed remains the same), the clutch may need to be replaced. Try to drive with acceleration and deceleration – there should be no whining or humming noise under any condition. All the gears should shift easily and noiselessly. Try to shift into reverse; there should be no grinding noise.

Under the Bonnet – I would recommend you take an expert with you as it is difficult to check the oil levels, engine quality, noises, coolant, funny odours ( for ex burnt rubber or oil ), the caps, leakages and excessive rusting and corrosion, moreover, the engine should be clean.

Under the car – apart from the undercarriage – take a close look at the exhaust pipe, check for noises, rattling, leakages, rusting, and physical damage. Also it should not emit smoke while turned on.

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]]> http://methodofsolutions.com/2011/05/19/before-buying-a-used-car/feed/ 1 http://methodofsolutions.com/2010/07/23/how-to-save-petrol/ http://methodofsolutions.com/2010/07/23/how-to-save-petrol/#comments Fri, 23 Jul 2010 06:10:00 +0000 Shakti Singh Dulawat http://puneetsahalot.wordpress.com/2008/06/30/how-to-save-petrol

Dear readers, you might be caught in a heavy traffic while scrolling your iphones and ipads and got hold this article on how to save petrol.  Obviously, petrol or fuel/gasoline is one commodity beyond compare.

Our economy will be stagnant and dead once this very essential commodity will be lost or be nowhere to be found due to our abuses.  Before that day comes let’s put then our collective efforts and do something to really save petrol for the betterment of our economy as a whole and for our lives in particular.

Some tips for filling petrol and diesel

• Buy petrol at dependable fueling station.  This way you will avoid the risk of buying only the best quality of fuel.
• If opportunities permit, use your credit card in refilling or buying fuel in order to get bonus points of advantage discounts.
• Morning is the best time of the day in buying or refueling your cars.  Thus, as much as possible, only buy or fill up your car or bike during early morning, when the ground temperature is still cold. Remember that all service stations have their storage tanks underground. The colder the ground, the more dense the fuel. When it gets warmer, petrol expands. So, buying in the afternoon or in the evening, your liter is not exactly a liter. In the petroleum business, the specific gravity and the temperature play an important role. 1 degree rise in temperature is a big deal for this business. But the service stations do not have temperature compensation at the pumps.
• Another most important tip is to fill up when your tank is half full and not when it’s almost consumed. The reason for this is, the more fuel you have in your tank the less is the air occupying its empty space. Petrol evaporates faster than you can imagine.
• Another useful information is to avoid filling up if there is a fuel truck pumping into the storage tanks when you stop to buy. Most likely, the petrol/diesel is being stirred up as the fuel is being delivered, and you might pick up some of the dirt that normally settles on the bottom.

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As a conclusion, we must really be conscious with the responsibility of saving fuel and getting the most out of your hard earned money.  Petrol buying might be too normal and simple, but if we exercise our smartness and common sense and most importantly if we apply the tips above, then we will definitely be saving from fuel, energy, time, money and bring more progress to the whole of India.  Let us start this good change in ourselves.

Weekend a time when we parents should bond with our children and talk to our teenagers on what’s happening with them at school, with their friends or just anything that may interest them.  As parents we should carefully monitor and check everything that our teenager are doing lest we might be caught by surprise one day that they might be pregnant or impregnated someone already.  We need to teach them in a very particular way how to relate with others most especially with the opposite sex.  How then should we talk to them about dating? Or how should we speak to them about courtship?  Let’s see this matter in a parental perspective.

To begin with, the need to relate with people is felt by everyone.  After all, material things and modern technology can never be a substitute for people.  People are capable of loving and caring while things are simply at our disposal to serve particular needs.  Indeed, humans as we are, we have always been in search of intimacy—to become part of somebody else’s life and also to be able to share with another in friendship procreation and work.  The most basic and fundamental step of achieving intimacy in our lives is to find that someone who will catch our attention, touch our hearts, change our lives from simple to special, ordinary to extraordinary, normal to truly exciting.  We call this step dating.

Dating is a moment, a time, a special event in our emotional and psycho-social, not to mention physical lives wherein we try to go out from our shells.  From the comforts of our cocoon, we start to adjust with the nuances of meeting and dealing with this special someone whom we think we could share our self, love and care.  Despite the discomforts of the usual routines of being with our usual set of friends and family members, we find it thrilling and happy to be with someone who makes our heart beat faster and makes us feel better.

Dating then is an opportunity which is both significant and wonderful to both parties. This is an avenue where we will open ourselves to other and try our best to know the other person better.  In this manner, we will both know our weaknesses and strengths.  We will also learn from the other person the things he likes or dislike and practically the basic things about the other party from the most essential to the trivial or insignificant things in his life and vice versa.  This may include his/her traits, family background, studies, set of friends and the like. This event in our lives marks the beginning of various paradigm shifts, from emotional to the other relevant matters in life.

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In conclusion, we parents should emphasize to our teenagers how important dating is because,dating is a prelude to courtship.  If both parties mutually feel for each other fondly, then dating ends and courtship begins.  Hence, young people should take dating very seriously because this will make or break them as persons.  Parents should equally be concerned in encouraging their kids to get the most out of dating, that is, to know their date very well, scrutinize is the apt word, because their very own future and happiness is at stake.  Dating will surely become a good instrument and a stepping stone for each one to find the right partner in life if taken seriously.  If done with much gusto, dating will truly be a worthwhile and unforgettable experience.

Unmistakably, the Bandh incident yesterday caused us to be one day behind from all other countries around the world.  Obviously, we were somehow in frozen state for one whole day as what the protesters aimed in the first place. While all the rest of the world moved forward for progress and other developmental transactions, we simply stool still watching them pass us by.  Indeed, no matter what reason or reasons these opposition protesters may have in mind for mounting such protest, it did not do good in any way to all the Indian people and to our economy in particular. When this incident happens again , we will surely be logged far, far behind from all the rest of the world, and this can be summed up in one line: “it’s a shame!”

Yesterday’s unexpected protest from the opposition of the fuel price caused a lot of turmoil and inconvenience not only to various people in the entire India but more specifically to our economy as a whole.  This untoward incident should never become a regular means to call the attention of our government in regulating the prices of fuel.  After all, there are other ways and means that can be done to resolve this economic and other social issues in our society.  As CNBC-TV18 graphically reported yesterday, there were a number of violence related cases all throughout India which in one way or the other put our government and its officials into a bad light in the economic world arena.  One good news however, the bandh yesterday was generally peaceful and controllable.

According to CII or the Confederation of Indian Industry, the bandh has caused a negative impact on business and trade in most part of our country. CII said that, an estimate Rs 3,000 crore was lost to the Indian economy because of the sudden whole day shutdown of so many businesses as part of supporting the call from the opposition parties in view of the hike in fuel increase.  CII also believed that this kind of calling the attention of our government first and foremost affects the ordinary daily wage earners who depend solely in small to medium trading and industry.  Even the transport sector which paralyzed a lot of transactions and business operations should also be answerable to this damage and great loss in our economy in general and to the whole Indian citizenry in particular.  For instance, according to non-congress ruled states, Kerala and West Bengal suffered the most in terms of the transportation cancellation yesterday.  The worst however was that of Maharashtra since all of its air, train and road transportation services got hit badly,  Finally, equally hit state was that of Mumbai due to its more or less 86 flights which were canceled too.

In conclusion, we should lay all our cards on the table before making a sudden and uncalled for protest.  This way, we will avoid economic loss and monetary downfall.  We should always think hard before acting such ineffective protests and come up with solutions which are more professional and practical.  This would make us a laughing stock of the world, a loser economy and a miserable, almost hopeless form of government system.  It’s not yet too late to change and reform our ways of actions.  Ask yourself deeply.  The answer is within yourself, only if you really care for your own country.
Image Source : Google

Hi dear readers!  Let’s stand and speak out!  Let’s be heard and work together hand in hand as one concerned people in view of this social challenge: to save billions of precious lives, beating hearts!

It’s great to know that together with the modernization programs and the various technological developments, we never log behind in coming with innovations if only to alleviate our conditions in particular and improve our lives in general.  Just recently this reality has been concertized and put into action with the collaboration of Apollo Hospitals Group and Time of India.  Last April 28, 2010, they launched a very successful and powerful awareness and cardiac campaign, namely the“Billion Hearts Beating”

This campaign has been conceptualized in order to create dynamic and optimistic awareness from among the people of India.  It creates a ripple effect and a positive, almost dramaticmass movement in our country towards the encouragement of every individual people in taking control of their respective heart specifically and health as a whole. It has been noted by a medical case study that a lot of people are dying unnoticed and unaware from this most dreaded silent disease, the heart attack.

Billion Hearts Beating campaign comes from the initiative of this famous hospital in India, the Apollo. As a responsible worldly health care group and intends to promote and educate the people of India about heart problems and the7 major risk factors which the people of India need to know. Very importantly it also challenges and urges for a collective and dynamic action, that is, to take full control and maintain a healthy lifestyle and emphasize or highlights the need for a regular heart check up. Aside from the various activities at the National level which include colorful and vibrant Print ads in Toy, various Website, Radio Spots, Tickers on one of the slots of Times Now, in Street Theater and on TV Films.The different hospitals agreed to promote simultaneously this campaign at their respective areas by putting up Advertisements, Graffiti Walls, by distributing fliers, putting up various informative banners and posters.

In conclusion, this is indeed one of the most emphatic and powerful event that ever took India with much attention. BHB is the considered in fact as the most important campaign which was launched by Apollo Hospitals and the Times of India together. Unmistakably, we have to join hands in doing our part: that is to take an active and serious hand and participation in carrying out this mission, thus make it a truly successful legacy that will always be remembered from one generation to the next.  Now, how can you do your share?  Just pledge!  Pledge to do something that will keep your heart healthy and the hearts of others as well.  Let’s do this task as together as one big healthy one family!  Click here now to pledge and make a difference once and for all, to your life and to the rest of the world!

This is indeed a very alarming situation that took our nation a blow.  If we will not take things slowly and see things in its bigger picture using a mature and logical perspective, everyone of us will surely suffer and get paralyzed.  Going into a 12-hour or more nationwide strike will only aggravate the matter and will certainly add fuel to the fire.  If we think this will awaken our insensitive and corrupt government officials, we might be barking at the wrong tree, as they say,  these corrupt people are not anymore easily moved with the usual noise and chaos of doing or making a protest in the streets.

With the central government’s step of deregulating once again our oil prices, by all means, all of India and those living in our country will suffer a lot in one way or another.  The most to be affected and striken would be the ordinary citizen.  Unmistakably, strike will aggravate and worsen the matter, the best thing to do now is to convene an emergency assembly and talk things out.  Both the government and the Alliance parties should negotiate well and adjust, bargain or the best word “COMPROMISE” in coming with a solution that is fair, effective and efficient.  Let’s not waste every minute in having a strike.  Let’s face squarely and pro-actively this alarming issue lest we will regret and suffer badly.  It’s not yet too late to wake up  from our indifference.  Stand and speak out!

Conclusion is One party raise price of petrol, second is calling “BHARAT BAND” against it, over all we are paying for petrol and also we are accepting loss because of “BHARAT BAND” Who care???
Image Source : http://www.ndtv.com

There’s a horde of “CALL US AND GUESS CELEB” tv programs during midnight on almost all channels. Genuine callers paying those 10Rs/min never reach the host at all. And the worse is, all the calls shown are actually fake ones. They show almost half the face of Kareena Kapoor, and callers from all over India guess Amrita… Rao, Riya Sen, even Madhuri Dixit but not KK. This is open fraud on national television. Beware!
Don’t Participate in that.