Prashant's blog

Friday, November 19, 2010

Few Funny Behaviours of Microsoft applications

#1
Nobody can create a FOLDER anywhere on the Computer which can be named as "CON". This is something funny and inexplicable?
TRY IT NOW, IT WILL NOT CREATE A "CON" FOLDER

#2
Did you know that a flight number from one of the planes that hit one of the two WTC towers on 9/11 was Q33N. In Notepad / WordPad or MS Word, type that flight number i.e. Q33N. Increase the font size to 72. Change the font to Wingdings. ….. u will be amazed by the findings!!!…………………..

#3
For those of you using Windows, do the following:
1. Open an empty notepad file
2. Type "Bush hid the facts" (without the quotes)
3. Save it as whatever you want.
4. Close it, and re-open it?

Noticed the weird bug?

Again this is something funny and can't be explained? Try it out yourself?

Open Microsoft Word and type

=rand (200, 99)

And then press ENTER
And see what happens

Monday, October 4, 2010

Tools used by RBI to tame the inflation.

Below are some of the tools that can be used by the RBI (Reserve Bank of India) to tame the inflation.

Repurchase (Repo) rate is the rate at which RBI lends money on a short term basis to the banks operating in India. When the Repo rate is increased, borrowing money from RBI becomes expensive. Hence one can say that, in case RBI wants to make it more expensive for the banks to borrow money, it increases the Repo rate; on the other hand to make it cheaper for banks to borrow money, it would go ahead and reduce the Repo rate.

Reverse Repo rate is the rate at which banks park their excess money with the RBI on a short term basis. RBI uses this tool when it feels there is too much money floating within the banking system. An increase in the reverse repo rate means that the RBI will borrow money from the banks at a higher rate of interest. As a result of this, the banks would prefer to keep their money with the RBI rather than lending it out to loan seekers.

Basically, one can consider both repo and reverse repo as interbank interest rates through banks lend to or borrow money from the central bank (in our case it's RBI). Increasing repo or reverse repo rates is a way through which RBI tries to suck out the excess money from the financial system of the country and thus reduce inflation or increase in price due to extra purchasing power in people's hand. This creates a liquidity crunch which means less money is available for investment, growth and expansion of the industry and thus slows down the development and growth. So if you look at it in the short term, this has a negative effect on the market. Because of this reason, RBI can use this weapon sparingly and only in small doses. However, if the inflation is too high this measure is beneficial for the overall market due to the very fact that the inflation tends to come down, and companies will pay less for the raw materials which in turn would increase their profits. And as this process of cost reduction cascades down, individuals would end up cash in hand though marginally. But in reality this gets much more complex than this. The banks in response to a change in these two rates would increase or decrease their own interest rates (depending on the action taken by RBI).

CRR which means Cash Reserve Ratio. Banks in India need to maintain a certain proportion of their deposits in the form of cash. However, they (banks) don't hold this cash with themselves, they would in turn deposit with RBI or currency chests which is considered as holding cash with themselves. This minimum ratio is dictated by the RBI is known as cash reserve ratio. Assuming that current CRR is 9%, the banks will have to deposit Rs 9 with RBI for every deposit increase of Rs 100, thus the bank would be left over with only Rs 91 for their investment or lending purpose. Hence higher the CRR, lower is the amount that the banks are eligible to invest their money. This power of RBI to reduce the over all lending money within the banks by increasing the CRR makes it an instrument through which RBI can control the overall money within in the banking system that can be lend. CRR which is much more powerful than repo and reverse repo. The effect of CRR is much higher and deeper to our markets than that of the other two and this is the reason why RBI uses it even more sparingly.

Tuesday, September 21, 2010

Day dreaming at work

I am sure some of you must have had a similar dream. Anyways enjoy the dream...

I was in flight, was going to on-site once again. was very happy plane takes off, n takes me to the sky. i looked outside the window, nice evening scene, feels like heaven.

i just lost myself in that beauty.

someone's voice disturbed me "excuse me sir, would you like to have something?" i turned back, and was surprise to see my beautiful old schoolmate, Saakshi.

"Hey Saakshi, is that you, how come you... wow, you looks still the same, pretty.. in this Air-hostess suit"

"Paras, wo.....w, I can’t believe this is you.. ohh sorry I am on my job, will talk to you later"

she left smile on my face. I coudnt believe in my eyes, It reminded me my school days memories.

How crazy i was about her, always followed her after the school, wrote love letters, but never dared to give one of them. Always looking at her in the class,

from last bench. she was the queen of our class. I fought with 2-3 other guys for her, how stupid I was.

I coudnt stop myself, looking at her again, I was amazed to see that, she became more beautiful then she were at school.

she too looked at me and smile, then she said something to her fellow air-hostess, then they both started smiling.

I was clueless that wat happened. her colleague was also damn pretty. Oh my god, today you fulfil one of my dream.

I thought of going there and having chat with her, but i knew that, its her job, so I stopped myself.

again started looking outside the window.

we were above the clouds making an awesome scene outside, also inside, because of her smile.

I got some courage, and pretended that I am going towards toilet.

I looked at her, she understood what I desired.

she came toward me and said : "extremly sorry yaar, I couldnt talk to you much,

so say how are you, where have you been these many years, and whats your success story? for what purpose you are going?"

"hmmm... i was always there, it was you who left everything after school, i searched you, so many places wherever i could, but no existence of you.

then i completed my college, got a job in such a nice company, i didnt know, my company will give me this much, still i m going for an onsite

job, dont know when will return back. you know, i got everything in my life except someone, with whom i can actually share my world, my success.

someone..."

i looked straight into her eyes.. those blue eyes, i think she got the answer, who is that 'someone'

with some pain in her eyes, she said, "sorry got to go,will give you my number"

i again, sat back to my seat,very silent, looking outside, and hoping some answer.

it was dark outside by that time, some thunder in cloud, just like inside my heart.

then suddenly, plane started getting hiccups.. everone got scared..

i saw Saakshi running towards mic, she made an announcement, that dont be panic as they are facing a storm outside.

but plane started shaking badly, everyone started feeling its the last moment of their lives...

i keep on watching Saakshi, and she to me...

then something hit my back hard.. and there was a complete darkness in front of me..

deep silent, but i could still feel the shaking plane, and people's scream..

then someone shouted... 'Paaaaarrrrrrraaaaaasssss !!!!!'

"Paras, wake up you are again sleeping in office, wake up, i need that report urgently"

Damn.. I looked here-there, same ODC, no Onsite, no plane.. no Saakshi..

I stared at my PM in anger.. Because of you only, that plane crashed!!

I STILL DONT KNOW, WHY IT HAPPENS DAILY BETWEEN 2 AND 3.

Thursday, September 16, 2010

Provident Fund Interest rate for the year 2010 - 2011 to be 9.5%

Something to cheer for public and private sector employee. The Provident Fund Trustees has decided to give a higher interest rate of 9.5 per cent for 2010-11 on their retirement savings as compared to the current 8.5% per annum.

For further details click here .

Wednesday, September 8, 2010

Me - Non Medallist Singles Champion - Belgaum August 2010

Finally finished my NMS (Non-Medalist Singles) in Belgaum city held on August 12th and 13th of 2010 organized by LIC affiliated by KTTA (Karnataka Table Tennis Academy). This was my 4th attempt in my table tennis carrier. Details in link below:

http://www.deccanherald.com/content/88478/vedant-ridhi-power-sub-junior.html

After all its a good feeling to make a small achievement.

Tuesday, September 7, 2010

Indian Government Online Services

Monday, February 16, 2009

Indianised version of Valentines Day...

The Gujarati Story of Valentine's Day.

No matter what you've been told before, the truth is that Valentine's Day originated hundreds of years ago, in India , and to top it all, in Gujarat !!

It is a well known fact that Gujarati men, specially the Patels, continually mistreat and disrespect their wives (Patelianis). One fine day, it happened to be the 14th day of February, one brave Pateliani, having had enough "torture" by her husband, finally chose to rebel by beating him up with a Velan (rolling pin).

Yes....the same Velan which she used daily, to make chapattis for him....only this time, instead of the dough, it was the husband who was flattened.

This was a momentous occasion for all Gujarati women and a revolt soon spread, like wild fire, with thousands of housewives beating up their husbands with the Velan.

There was an outburst of moaning "chapatti-ed" husbands all over Anand and Amdavad. The Patel men-folk quickly learnt their lesson and started to behave more respectfully with their Patelianis.

Thereafter, on 14th February, every year, the womenfolk of Gujarat would beat up their husbands, to commemorate that eventful day.The wives having the satisfaction of beating up their husbands with the Velan and the men having the supreme joy of submitting to the will of the women they loved.

Soon The Gujju men realised that in order to avoid this ordeal they need to present gifts to their wives....they brought flowers and sweetmeats. Hence the tradition began.

As Gujarat fell under the influence of Western culture, that day was called 'Velan time' day.

The ritual soon spread to Britain and many other Western countries, specifically, the catch words 'Velan time!'. Of course in their foreign tongues, it was first anglisised to 'Velantime' and then to 'Valentine'.

And thereafter, 14th of February, came to be known as Valentine's Day!