Small Story on Few Powerful People who Rule the Masses

Hi Folks,

You all must be thinking why only few people are powerful and they rule the mass. Kindly check out this small story

Title : DO YOU LIKE UPMA?

Upma was served in a tiffin every morning in a hostel with a capacity of 100 people. 

Out of those 100 people, 80 people used to complain every day that different tiffin should be made instead of upma.

But, the other 20 people were happy to eat upma. 

The remaining 80 people wanted to cook something other than upma.

The hostel warden voting method was proposed as some decision had to be reached in this chaotic situation.

According to this, whichever tiffin gets the most votes, that tiffin will be cooked that day.

20 students who wanted Upma cast their vote accurately. 

The remaining 80 people cast their vote as follows:

18 Masala Dosa

16 Aloo Parotta & Dahi

14 Roti & Subji

12 Bread & Butter

10 Noodles

10 Idli Sambar

So, as per the voting results, Upma gets the highest number of votes, and again the same is served every day.

Lesson: As long as 80% of the population is selfish, divided and scattered, 20% will rule us. 

This is a silent message...!!

Thanks for reading. Do comment on your views

Regards,

Author 

Lessons Learnt On How To Be Rich

*1. Manage your money:* 

Many people are able to make money, but not everyone learns how to manage it properly. 

Financial intelligence starts with learning the difference between assets and liabilities. 

ensure that you have more money coming in than going out, which is what will make you richer. 

*2. Pay Yourself First:* 

Most people earn and spend their salary paying bills. 

A rich person always pays himself. 

Invest in

- Courses

- Books

- Experiences 

*3. Saving and investing are different:* 

Saving is considered a must and a good habit. 

You need to invest your money instead where it grows at a higher rate than inflation. 

Saving weaken the purchasing power while investment will increase the value of your money. 

*4. Learn taxes:* 

If you are rich and lack financial literacy, you will end up paying a lot of taxes. 

The rich have their investments often in learning, so they have to pay fewer taxes. 

You need to have financial IQ in different areas like accounting, investing, market forces, and the law. 

*5. Do not rely on a single source of income:* 

Most people rely on a single source of income. 

You can never become rich and financially secure if you are one of those. 

You should have 2 to 3 streams from where you earn money. 

You will be in better position even if you face some financial crisis if you multiple income streams. 

*6. You become smarter by taking risk:* 

Unless you take a risk, you cannot grow, grow as in grow really big. 

You should take a risk because some opportunities in life have the potential to change the course of your life. 

*7. Everyone needs to be a financially literate:*

Intelligence solves problems and produces money. 

Money without financial intelligence is money soon gone. 

The sad part about the education system around the world is that it teaches to work for money. 

The system never teaches how to make, manage, and keep the money. 

You should learn how to create wealth and make a plan to achieve financial freedom. 

*8. Mindset is everything:* 

Poor dad always used to say” we can’t afford this “whereas rich dad teaches him to replace it with “how you can afford it?”. 

In This way, replace your negative attitude into positive and you will definitely  find ways to do achieve that target. 

Your attitude and mindset matters the most. 

The first and foremost thing to do anything is that you must believe in yourself. 

*9. Surround yourself with people smarter than you:* 

There is a very popular saying ‘If you are the smartest person in the room, then you are in the wrong room.’ 

If you want to be smart, surround yourself with people smarter than you. 

*10. Control emotions:*

The situation only gets worse for you when you are not able to control your emotions. 

The statement holds good for both personal and professional life situations. 

You should learn to control your emotional balance and be focused on accomplishing your financial goals.

Percentage Calculation Based on CGPA 7 and CGPA 10 Point Grade System

 Hello Folks,

 

As per the known change in the educational system the CGPA Grade point system has also changed. Variations in the same are also available. The major two type of point grade systems are :

1. 10 Point Grade System

2. 7 Point Grade System

 

The percentage calculation based on the above two methods are very much different. Please find below to calculate the percentages for each method of grade system.

10 Point Grade System

For the 10 Point Grading System , the formula for calculating the percentage is given by:- 

Percentage. (%) = 7.1 * CGPA + 11

Eg. Assuming your CGPA is 6.22

So Percentage. (%) = 7.1 * 6.22 + 11  = 55.162 %

7 Point Grade System

For the 7 Point Grading System , using any kind of formula would not be the right method. So it is recommended,  the percentage shall be calculated on the percentage of actual marks obtained by the candidates.

Eg. 

Semester	Total Marks Optained	Total Paper Marks
SEM 1	502	600
SEM 2	510	600
SEM 3	520	600
SEM 4	570	600
SEM 5	640	700
SEM 6	620	700
Grand Total	3362	3800

Percentage. (%) = Total Marks Optioned / Total Paper Marks * 100

 Percentage. (%) = 3362 / 3800 * 100 = 88.47%

Grades/CGPA to Percentage Conversion: In case of Grades/CGPA, the conversion to percentage of marks would be based on the procedure as certified by the respective Board/University/Institution. If any Board/University/Institution confirms that there is no scheme for converting CGPA into equivalent marks, candidates can use the general rule for converting CGPA into Percentage: CGPA/Total CGPA*100

Hope the above would be helpful.

Thanks for visiting.

Regards,

Author

 

 

 

Income Tax Return ITR Late Filing Penalty

1. Penalty for ITR Filing: Taxpayers who have not filed their IT returns by July 31 can still file them till December 31 as belated return. However, that comes with a price. The late filing of tax return attracts a fee under Section 234F of the Income Tax Act and the penalty payable by assesses filing a late return increases depending upon the degree of delay. As per Section 234F, a penalty of Rs 5,000 needs to be paid if one files belated ITR after July 31 by taxpayers with total income of Rs 5 lakh and up. For taxpayers with less than Rs 5 lakh total income, the fine amount is Rs 1,000 while those who are exempt from paying income tax do not have to pay any penalty.

Author,

Ganesh

Advantages of Soaking Some Foods Before Eating

Food That Increase Nutrition Value After Soaking :

1. Poppy seeds

Poppy seeds one of the best sources of folate, thiamine, and pantothenic acid. Poppy seeds include vitamin B, which aids with metabolism and weight management. Because it is known as a fat cutter, it is a better choice for individuals looking to lose weight. The stored fat in the body can be decreased by soaking and consuming it.

2. Fenugreek seeds

Fenugreek or methi seeds are high in fiber, which aids in gut cleansing. It's also a great way to get rid of constipation. “Add one scoop of methi seeds to a glass of water and drink it first thing in the morning. This home treatment should be consumed on a regular basis to keep your digestive health in check. Fenugreek seeds are also beneficial to diabetics since they help to manage blood sugar levels,” says Bedi.

3. Flax seeds

Omega-3 fatty acids are plentiful in flax seeds. Consuming soaked flax seeds can help patients with cholesterol issues by balancing good and bad cholesterol levels in their bodies. Flaxseed also contains dietary fiber, which helps to maintain a healthy digestive system. This item should be consumed first thing in the morning to keep your stomach in good shape.

4. Almonds

Almonds become more nutritious after soaking overnight, providing relief from high blood pressure and bad cholesterol. Eating soaked almonds improves memory and gives the body energy.

5. Mangoes

Thank God for mangoes. But the white fluid from them contains an anti-nutrient called phytic acid. Soaking mangoes before eating will help leach out this nutrient inhibitor. It makes mangoes more digestive, less heat causing and nutrient dense. Therefore, one should soak before eating mangoes.

6. Raisins

Raisins are high in iron and antioxidants, making them beneficial to your health. When you soak raisins overnight and eat them the next morning, your skin will be healthy and glowing. Many women suffer from iron deficiency, which raisins might help you overcome.

Source : Various Online Net Sites

PMC Bank Account Holders to Soon Have Access To Your Funds

 

Hello Friends,

This is Good news for PMC account holder where there is a good hope for getting their back their hard earned money from the withheld PMC accounts.

There has been a recent news that the Unity Small Finance Bank has taken over the PMC Bank. This would result in your PMC bank account been migrated to Unity SFB. As part of the amalgamation scheme approved by RBI and the Government of India, along with the support of DICGC, as detailed in the open letter from Unity bank to PMC account holders, The PMC account holders will soon have the access to their funds.

The settlement process is as per the Government of India  -Sanctioned Punjab and Maharashtra Co-operative Bank Ltd (Amalgamation with Unity Small Finance Bank Lts) Scheme 2022. Based on the aggregate  eligible balance across PMC accounts in the "Same Capacity and Same Right" (As per the DICGC settlement procedure), the PMC account holder will be assigned to one the following groups to decide the eligibility.

Group C - Customers having less then Rs. 5 Lakhs Balance (Including interest accrued till 31st March 2021; Subject to claim approval & receipt of funds from DICGC)

Group B - Customers having Rs. 5 Lakhs to 15 Lakhs Balance (Including interest accrued till 31st March 2021; Subject to claim approval & receipt of funds from DICGC)

Group A - Customers having above Rs. 15 Lakhs Balance (Including interest accrued till 31st March 2021; Subject to claim approval & receipt of funds from DICGC)

For being eligible for the above the accounts would be transferred from PMC would transferred to Unity SFB. The PMC customers need to do the undergo the KYC procedure as per the bank norms.

The KYC can be done by visiting the existing PMC bank branch or by using the Unity Bank KYC app.

Source : https://theunitybank.com/docs/Retail_Depositor_Letter.pdf

I would keep this information updated as soon as more details are available on the same. Thanks for taking time to read this, hope this is helpful.

Update 28/3/2022:

The account balances are now visible for the linked and verified PMC accounts on the Unity KYC application. The funds will soon be available for transfer and withdrawals based on the limits as detailed for Group A , Group B and Group C on approval from DICGC.

Update 19/4/2022:

The update as on today DICGC approval has been received for most of the customers. Also Unity Bank has started sharing new cheque books to the existing PMC Customers since last few days. The PMC account holder can withdraw amounts using cheques upto the limit of 5 lakhs. If Customer holds Fixed Deposit (FD) with bank, they have to surrender the FD slips to the bank and get the closure amount transferred to their saving account which can be used for withdrawal. By any case if customer has not received the  new cheque book. They can contact branch and get the amount transferred through NEFT/RTGS. At last some good work shown by the bank and relief to its customers. Still Funds above 5 lakhs will be kept locked by the bank and would be released within next 5 years as per the government plan. The Unity KYC app does not allow withdrawals yet, Customer has to visit branch for the same.

Regards,

Author