Forms & affidavit required to change the consumer.
Electricity Department Electricity Department Affidavit Checklist for submission: 1.Affidavit on a Rs.20/- stamp paper duly Notorized by a public Notary 2.Completed form 3.Ownership documents or Lease Agreement 4.NOC from the current owner 5.Copy of the previous electricity bill Complete all the above mentioned document and make a file for the same. The said file has to be submitted to the electricity department. Make sure your bill is current and fully paid up if not please carry a check with you to make the payments. You will also need to made a demand draft, the amount will be informed to you by the clerk after calculating your existing load. Or else you can call the electricity department as ask the telephone operator to connect you to the sub - office of your village, once connected you can mention the total load on your existing bill and ask them for the amount to make the demand draft. When I called the person who answered the call was total uneducated about the procedure and how to read the bill so good luck to you. If the person who answers cannot solve your query please ask for the chief engineers number and call him. In my case the chief engineer in Margao was very helpful. Please note PINK color bills will require to to redo the test report from a licensed electrician.Goa Electricity Department - Change of Consumer
on Saturday, January 31, 2009
This morning while preparing tea i realized that the milk was over. I went to our neighborhood shop and purchased my regular Amul Milk for Rs.32/- per liter. Out of curiosity when I browsed their web site I was surprised to see the the milk pack was advertised for Rs.19/- ltr (for Goa it is Rs.20/- per ltr).
Is Amul misleading the consumers?
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Goa News - BSNL Landline & Broadband Plans
on Friday, January 30, 2009Watch out for the reviews of the BSNL land line & Internet broadband plans. Which is the most efficient and inexpensive.
Reliance Communication which have recently (30th December 2008) launched their GSM service in 11 circles, yes Maharastra (Goa) is included is on a marketing spree. Goan cell phone users can take advantage of this bumper deal called "Customer Experience Pack" which gives you a talk time of Rs.10/day. This offer will be valid for the first three months.
What you as an user has to do is buy a SIM worth Rs.20.00 which gives you a talk time of Rs.17.79 and also gives you a talk time worth Rs.10.00 every day for the first 90 days. The SIM has a validity of six months.
Rs.917.79 worth of talk time for Rs.20.00 only!!!!
LIC's newest policy was able to collect over Rs. 8000cr inspite of LIC promising the real returns to be 4% - 7.32%. The 10% guaranteed returns promised by your friendly agent was just a marketing gimmick to make it look like a worthy investment. PPF gives you an interest of 8% compounded which is still better than Jeevan Aastha, the 0.068% calculated for 10yrs will work to be Rs.3000.00 for Rs.25000.00 of investment.
Jeevan Aastha looks good only if you plan to lock your money for the next 10yrs, this means you will not have liquidity for the next 10yrs and if interests rates go up than you will miss the bus, unless you choose to pay the 10% exit load to break your Jeevan Aastha policy before the term period.
If you ask me I would never lock my money for next 10yrs as a lot can happen in the next 10yrs. Maybe LIC can go bust just like UTI - 64. UTI was also guaranteed by the government. The tax laws can change.
The other option to this would be to invest in Bhavishya Nirman bonds (NABARD) which provide a 8.5% returns post taxes or 8.29% after taxes which are also guaranteed by the government. The funny part is LIC can invest your money in these bonds and make profits at your cost.
ULIP's - Analyze yourself
on Tuesday, May 20, 2008http://timesofindia.indiatimes.com/Cities/Goa/Saving_money_the_mutual_way/articleshow/3050147.cms
https://www.hdfcinsurance.com/products/pdfs/Unit%20Linked%20Young%20Star%20Plus.pdf
If you take a closer look at the allocation charges only 40% (for premium less than two lac) of your premium is allocated towards the buying of the units and the remaining 60% of your premium is paid as commission. Furthermore any lay man who deposits (FD) his money in any nationalized bank is looking forwards to withdraw the principle + interest. But with ULIP the investor will not even assured to get his principle invested back in the first year or the following years.
HDFC Unlit Linked Young Star Plus
Premium Allocation charges: (for premium less than 2lac)
For the first year 40% of your premium is allocated towards purchase of the units and 60%of your premium is used to pay commission to your friendly agent and all who are involved in this process. In other words you are paying this 60% of your hard earned money which you feel will generate more income for your future at retirement as a kind gesture to letting you to invest in their company.
Fund Management Charge:
In the above mentioned offer document the charges are 0.8% per annum of the fund value(sum assured). This looks less but try to add this in the final results.
Other charges:
(A). Fund administration charges which is this case is Rs.20/month or Rs.240/yr
(B). Mortality & Other charges: Which are between 1 -2 % which keep on increasing with your age. (1.5% for 30yr of age approx. value)
A low risk ULIP gives an annual return of 8-10%. Let's do some simple calculations
Commission paid:
60% / 20 years = 3% per year we pay commission upfront plus 1% more from the second year forward
0.80% as Fund Management Charges
.024% as Fund Administration charges
1.5% as Mortality Charges & Other charges
If you calculate all this its works to 4%(3% + 1%) + .80% + .024% + 1.5% = 6.32%
The fund company takes more than what is paid to you.
Suppose the fund gives an annual return of 10% the best return a liquid fund gives you will only get 4.68% return on your fund value.
The above calculation is for HDFC ULIP Plans almost all the ULIP plans come up with the same results.
TO SUM IT UP ASK YOUR FRIENDLY AGENT TO GIVE IN WRITING THE PROJECTED ANNUAL RETURNS AND SEE WHAT IS HIS ANSWER.
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