Saturday, 13 May 2017

A Comment on the new option available for purchasing new home under EPF Housing Scheme

My Comment on an article "Here is the step-by-step process to withdraw 90% of your PF to buy a home" published in the economictimes.com Dated 12/05/2017. 


"I am very glad to know of this facility available now.

It's a great relief to those employees who cannot afford to arrange funds for the down payment to obtain the housing loan.

Now, one can draw funds from his provident fund to meet the down payment requirement in order to obtain a house loan for purchasing a house."  

Thursday, 4 May 2017

A Comment on Housing Loans and Affordable Houses

My Comment on an article "Big players entering the affordable housing, housing prices could go down soon: Deepak Parekh, Chairman HDFC Ltd." published in the economictimes.com Dated 02/05/2017.


"Good news. Big Corporates and Developers are showing more interest in housing business with the new facilities offered through RERA act to both builders and customers. Now, builders need not pay tax on notional rent for the first year after obtaining the completion certificate of the building. So, they have one full year to sell their flats without incurring any extra burden.

But, from the viewpoint of the customers, and as myself being a middle-class person, I request our Banks and Government that loan facilities should be extended for the full 100% cost of the house instead of the present 80 or 90 per cent loans. Then only people could be in a position to buy their own homes. Otherwise, it is very difficult for people like me to arrange for even Rs.one lakh that is essential as the deposit to get a housing loan."

Thursday, 27 April 2017

A Comment on Techie jobs losing their importance

My Comment on an article "Why being a techie in India is no longer cool" published in the economictimes.com Dated 22/04/2017 at 3:30 pm.


"It is really a serious issue now which needs to be given much attention.

Indian IT industry should find alternative means and solutions to meet the challenges.

Instead of laying off the staff, they should concentrate on expanding their business activities within the country through innovating ideas and new schemes to utilize the available technology and staff. Our country has much more scope because of the large market base that it possesses.

We should block importing goods and technology and get them produced here in India itself. Our PM should look at it as he is already promoting the "Make in India" campaign offering some lucrative incentives."


Saturday, 22 April 2017

A Comment on Countries tightening Immigration policies

My Comment on an article "Malcolm Turnbull tightens Australian citizenship rules, makes immigration next to impossible" published in the economictimes.com Dated 21/04/2017 at 5:30 pm.


"Quite a reasonable step being taken by the Australian PM. 

Any country should give first priority to their own dignity and cultural values besides protecting their workforce. 

So, anybody that wants to immigrate should respect and follow their cultural practices by adhering to their rules and laws so as to enjoy that country's citizenship. He cannot demand citizenship spontaneously."


Saturday, 18 March 2017

A Comment on allowing PF members draw 90% fund to buy Home

My Comment on an article "You may soon be able to withdraw 90% of your EPF money to buy your Dream Home" published in the economictimes.com Dated 15/03/2017.


"But what about the case where there is no such cooperative society formed? He will be deprived of this facility to buy his home as he can't pay the down payment. 

People always lack funds to meet the down payment for buying their new homes. So, PF is the only reserve that they can rely on to meet this burden. The rest of the amount is facilitated through housing loans.

All residential projects may not be having these cooperative societies to enable one become a member of it and then apply for his PF withdrawal. So, how can they avail this facility of drawing 90% of funds if they get excluded by this clause of 90% withdrawal of PF being allowed only to members of societies?"

Tuesday, 14 March 2017

A Comment on Tension in Indo-US ties due to H-1B visas

My Comment on an article "H-1B visas could be a source of tension in Indo-US ties: former US Diplomat" published in the economictimes.com Dated 13/03/2017.


"True. The concerned people should look at the reality of this issue rather than just indulging in undue suspicions and misunderstandings of the reality and the underlying problems causing job losses to their community (at the cost of foreigners as they see it). 

I believe the American professional are also very much skilled and sincere in their work and so should find peaceful and other smart ways of securing top jobs and retaining their positions. 

Suspicion leads to dislike and hate. Love and understanding lead to nobility, hospitality, and perfection." 

Saturday, 4 March 2017

A Comment on levying of heavy charges on frequent cash transactions

My Comment on an article "Banks to levy Rs 150 after four cash transactions" published in the economictimes.com Dated 04/03/2017.


"It may not affect the common man as he will not need more than 4 transactions. But, business people will be burdened and so a good move by the Banks and government to curb their activities. 

You need to make only one or two cash transactions in a month. They are giving you more chances. 

Why not make card payments, cheque payments or mobile app payments? Try to learn things and manage new methods of payment. 

Our PM expects only this from you and he is not punishing you. See the good motive behind it and adapt yourself.

I am 65, but learning and doing all these things. Even age is no bar." 

Wednesday, 1 March 2017

A Comment on shootings at Kansas and similar Hate Crimes

My Comment on an article "Killing of Telangana man in US bar shocks family" published in the conomictimes.com Dated 25/02/2017.


"Very sad to see such things happening all around, not only in the US but also in Canada, Australia, and elsewhere. 

Some people are slaves to their feelings and are always overpowered by hate, jealousy and ill feelings towards others. 

When will they learn to love and allow others to live their lives?" 

Sunday, 26 February 2017

A comment on the allegation that most IT employees are not trainable

My Comment on an article "Capgemini India chief says 65% of IT employees not trainable" published in the economictimes.com Dated 25/02/2017.


"May be true in many cases but it should not be generalized. 

There are still many employees who are ready to improve their knowledge and skills and be innovative always. 

The management and the sectional heads should identify them and provide proper support to them. It is due to lack of support and due to the mentality of some of the staff and seniors that these people are becoming indifferent. They see no future by improving skills under such circumstances."

A Comment on the procedure of dispensing notes from ATMs

My Comment on an article "Govt. has no plan to reintroduce Rs 1,000 notes: Economics Affair Secretary" published in the economictimes.com Dated 24/02/2017.


"It's okay. There is no need for Rs 1,000 notes. 

But, monitor sufficient supply of the Rs 500 notes along with the Rs 2,000 currency. If a person wants to draw Rs 10,000 from an ATM, he should be provided some 500 notes also along with the 2,000 notes (say 4 Rs 2,000 notes and 4 Rs 500 notes). 

Presently, in most cases, we are getting only Rs 2,000 notes if we draw Rs 10,000 or Rs. 8,000 at one time. I am told to enter Rs 9,500 or Rs 7,500 if I have to get Rs 500 notes also."
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