Hyderabad's Engineer: bank

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Cheap Air Tickets India

Don't want to waste time and travel faster without any hassle , only thing that will come to you mind is travel by Air . But air travel is usually out of reach unless you book well in advance .I would like to share few tips and tricks that might help you to get the best bargain ,deals and discounts for the air fare in India.

See the trend of the air route you want to travel if its always crowded then book your air tickets as early as possible , do not wait till last minute.
Contradictory to the above point , if the air route is mostly less crowded do not book tickets in advance and wait till last day . But has obvious risk of tickets being sold off.
Planning for vacation with friends ? Discuss with your other friends and invite them too , more the better deal you can get from your agent.
Check for all the bank websites for deals they offer on credit and debit cards for booking online air tickets.
After you are done with above points , question is how do i book air ticket ? Directly Online , through agents , through online travel sites .Well the answer is simple , check all and buy the best offer .

Step 1 : Log on to direct websites of major players like goIndigo , Kingfisher , AirIndia , Jet Airways , Spicejet and others and check for prices.
Step 2 : Log on to third party air tickets booking sites like MakeMyTrip , Ezeego , Yatra , Musafir and others.
Step 3 : Give a call to the airlines direct contact number and ask for price .
Step 4 : Call you local travel agent and ask for the price.

Then compare the prices and the deals available on all bank websites and then decide the best and cheapest option for you .

Do let me know if these points helped you in saving money :). Similar approach can also be used to book hotels .

GATE 2010 Details

Indian Institute of Technology Guwahati announced that the Graduate Aptitude Test in Engineering (GATE) 2010 will be conducted on February 7, 2010. Admission to post graduate courses (Masters and Doctors) in India with MHRD and some other Government Scholarships/ Assistantships in engineering/ technology/ architecture/ pharmacy/ science is open to those who qualify in GATE.

Candidates may apply for GATE 2010 either offline or through online procedure . For General/ OBC category candidates the application fee is Rs 1000 for offline and Rs 800 online. For SC/ST/PD category candidates, the fee is Rs 500 for offline and Rs 400 online.

Important change made to GATE 2010 is that it will be VALID for only 1 YEAR. The GATE 2010 scorecard will consist of actual marks obtained by the candidate, the GATE Score, Percentile Score and All India Rank (AIR). Scorecard will be sent only to the qualified candidates. No information will be sent to candidates who are not qualified. Major change is that GATE 2010 exam will be ONLINE and OFFLINE based on city and branch.

Eligibility for GATE 2010:

Candidates with qualifications obtained through examinations conducted by professional societies recognized by UPSC/AICTE as equivalent to B.E./B.Tech. Those who have completed section A or equivalent of such professional courses are also eligible.
Candidates in the second or higher year of the Four-year Integrated Master's degree programme in Engineering/Technology or in the third or higher year of Five-year Integrated Master's degree programme and Dual Degree programme in Engineering/Technology.
Master's degree holders in any branch of Science/ Mathematics/ Statistics/ Computer Applications or equivalent and those who are in the final or pre-final year of such programmes.
Bachelor's degree holders in Engineering/ Technology/ Architecture/Pharmacy (4 years after 10+2) and those who are in the final or pre-final year of such programmes.

Important Extended Dates for GATE 2010:

Commencement of sale of information brochure and GATE application forms/ online application form submission :: Tuesday 22 Sept 2009
Last Date of issue of information brochure and application forms by post from GATE Offices :: Tuesday 20 Oct 2009
Last Date of issue of information brochure and application forms at Bank counters ::Friday 7 Nov 2009
Last Date of issue of information brochure and application forms at GATE office counters :: Friday 7 Nov 2009
Last Date for Online application form submission (website closure) :: Friday 7 Nov 2009 18:00 hours.
Last Date for Receipt of completed Offline application forms at different GATE Offices ::Tuesday 10 November 2009
Date of the GATE 2010 online examination :: Sunday 07 Feb 2010
Date of the GATE 2010 offline examination :: Sunday 14 Feb 2010
Announcement of GATE 2010 exam results :: Monday 15 March 2010

Those who which to apply online can go ahead using GATE exams official website and you save money too by applying online.

You can also purchase the GATE 2010 forms at Hyderabad from the following state bank of India branches at Hyderabad:

State Bank Of India - Begum Bazar Branch
State Bank Of India - Nampally Branch
State Bank Of India - Parishrama Bhavan Branch

Need any more information ? feel free to leave a comment and we will get back to to you at the earliest .

CAT 2009 Exams Complete Details

Common Admission Test (CAT) 2009 vouchers will be available at a branches of Axis Bank branches across India including Hyderabad from 9th September 2009 ( 09/09/09) to 1st October 2009 (01/10/2009) . This year entire CAT exam registration process and exam will be online through prometric.

Price/Cost of CAT Vouchers : 1400 indian rupees
Price/Cost of CAT Vouchers for SC/ST candidates : 700 rupees

List of AXIS bank branches are where CAT vouchers are available in Hyderabad & Secunderabad:

Axis banks - Begumpet branch ,
6-3-879/B, G. Pulla Reddy Bldg.
First Floor, Begumpet Road
Hyderabad 500 016
Axis banks -Tarnaka branch,
Ground Floor, Welcome Court Complex
Opp. Railway Degree College, Tarnaka,
Secunderabad 500 017
Axis banks -kukatpally branch,
H.No.MIG-9, Dharmareddy Colony, Opp.Police Station,
KPHB Colony, Kukatpally,
Hyderabad 500 072
Axis banks -RP Road branch,
Ground Floor, Modi Square
Door Number : S.NO.5-4-124/124 (8571 OLD)
R P Road, Secunderabad 500003

Axis Bank Timings :

9.30 a.m. - 3.30 p.m (Monday-Friday)

9.30 a.m. - 1.30 p.m.(Saturday)
Weekly Off: Sunday

Impotant Dates:

CAT Advertisement :Sunday, 30 August 2009
Sale of CAT Vouchers :Wednesday, 9 September 2009 - Thursday, 1 October 2009
Registration for CAT 2009 :Wednesday, 9 September 2009 - Thursday, 1 October 2009
CAT Test Dates :Saturday, 28 November 2009 - Monday, 7 December 2009
CAT Result :Friday, 22 January 2010 onwards
Rescheduling Window :Wednesday, 9 September 2009 - Thursday, 1 October 2009

Test Duration and Pattern:

The duration of the test is 2 hours and 30 minutes including initial 15 minute tutorial. No breaks will be given during the test. The test consists of questions that evaluate a candidate’s quantitative, verbal, and logical & data interpretive abilities. Therefore, there are a total of three sections in the test. There will be about 60 to 70 questions in the test.

CLICK HERE TO VIEW THE CAT EXAM DETAILS

CLICK HERE TO VIEW THE REGISTRATION PROCESS

CLICK HERE TO TAKE CAT EXAM DEMO

CLICK HERE FOR COMPLETE CAT EXAM DETAILS

List of useful websites for CAT Exam preparation:

TCY ONLINE
CAT4MBA

More sites coming soon

Do share your views and CAT preparation stratergies

Safe Banking Tips

Money is the most important thing apart from the things like love, respect and other proverbial things. More the importance more the risk associated with, to avoid risks people keep their income in the banks. Well but while banking few things needs to be kept in mind for safe and hassle free banking.

Avoid dealing private banks.
Make sure the bank is nationalized like State Bank Of Hyderabad .
Always complete the transactions in between 1st to 10th of every month, as banks in India calculate interest taking average monthly basis.
Never keep the entire amount with a single bank, spread across various banks.
Issue account payee cheques only to the maximum extent possible.
Make sure you strike the bearer letters written on the corner of the cheque.
When transferring amount from one account to the other, do it using the cheque rather than carrying cash physically.
Retain the receipt of the money deposited until it’s reflected in your account.
Make sure that you specify the nominee for your account.
Never disclose your bank details to the strangers.
Periodically check your account balance.
If you don’t need funds for a period more 60 days , it is always advisable to convert it into a fixed deposit.
If you are not sure of the period for fixed deposit then you can go for sweep in accounts.
Make sure you submit your PAN card number well in advance if your annual interest is more than 10,000 rupees.
If you are a senior citizen or if you already have paid tax and tax should not be levied then you can claim for reversal of TDS.
If you can go to home branch , avoid inter banking and inter branch transactions .
Never keep ATM pin number with your ATM card.
Make sure nobody is along with you when you enter ATM pin.
Most banks offer per day withdrawal limit , keep it minimum to avoid huge losses in case of theft.
Most basic point , never sign a blank cheque and never access your bank account online in non secure environments.

Most highlighted point is 3rd point , which explain the procedure followed by banks in calculating the annual interest.

Any queries or comments , feel free to post them.

2009 Indian Election updates

Indian elections results will be announced on 16 th May 2009 , which every one is eager to know about . Every time two main groups used to be formed after the results were announced . But this time third and fourth fronts are also round the corner .

Last phase of election is scheduled to be completed on 13 th May 2009 , UPA and NDA are looking forward to increase the lok sabha seat counts to the maximum extend possible in the last phase to reduce the post poll allainces .

Congress is extending its hand to other politicals parties to reach the magical figure of of majority in the lok sabha . But things to be difficult for Congress political party as Left is in favour of non congress party as of now .

On other hand BJP is raising other very important issue of the black money deposited in various banks across swizerland , germany , Mauritius and other countries which are tax heavens for black money. It is assumed that thousands of crores of indian rupees in parked in those banks most of which is usually belong to politicians , money launders and various Indian businessmans .

Looking for forward any government that comes to power takes up these tasks on high priority :

Give atleast 50 % chance to young and creative minds in the Indian government cabinet .
Bring back the black money from swiss and other banks.
Increase number of High court and supreme courts
Give more powers to anti corruption bureau.
Make CBI more tranparent and independent .
Stop spreading of communalism of India.
Political agenda should be ONLY development.
High prority on illiteracy , unemployment and healthcare.
Improving traffic conditions across india, specially in Hyderabad.
Gagging the baised TV and newspapers.
More rights and authority to election commission.
Stop convicts from contesting elections.
Increase mandatory qualification for all Indian leaders.

Any more points in your mind ??? leave your feedback using the comment option given below

Tax Planning India :FY 2009

End of Financial / Fiscal year is round the corner again and as usual we are suppossed to complete the tax planning as well as the investments well before 31 st March 2009 .You need to think about tax investments if you taxable annual salary is more than 1.5 lakhs for males and 1.8lakhs for females. Here are few tips which should be kept in mind before investment in any products .

Never invest the entire amount in a single product / bank.
Check the past track on the product / bank.
Never give cash to the agents , always prefer cheque instead in the of the organisation / bank.
Compare all available bank / products before making any choice. (Can be done online too)
Make sure the entire processing is completed atleast 1 week before 31 st march , as cheques proceeded after 31 st march will not be eligible for tax benefit.
Always ask for the lock in period , this is the period before which u cannot get your money back.
Make sure you dont only look at the rate of returns , consider all the factors before making a choice.
Remember , Higher Returns - Higher Risks.
Make sure you get back all the necessary reciepts too .
If you need to submit any of your documents , make sure you sign it and mention the purpose for which you have given the document. (So that your details are not misused)

And regarding the various options for availing the benefit for section 80 c please refer my previous post. You can also pay your taxes online through the Income tax of India's official website. For you reference the income tax departments online payment is given below.

Department of Income Tax of India

Feel free to write your queries . (Click the comment link below to post your query)

Satyam Computers Fraud News

Satyam Computer Services head quartered at Hyderabad, India whose founder-chairman B Ramalinga Raju has resigned from the IT major's board . Raju has taken this step after admitting a multi-crore fraud in the company’s accounts.Satyam is the country's fourth largest IT firm and has has over 51,000 employees.In a shocking disclosure, he has revealed some financial irregularities in the company which including an inflated cash balance of Rs 5,040 crore. I personally never expected such events to happen in IT gaint like Satyam.Mr. Raju can face upto 7 years of imprisonment in addition to monetary penalties for forging accounts, breach of trust and misappropriating funds.

Raju said that he feared takeover due to poor finance performance. Coming clean on financial irregularities, he said that the company had Rs 1,230 crore worth of understated liability as of September 30. Raju also revealed that he tried to fill fictitious assets with Maytas deal. Raju in a press conference said that the company carries inflated cash balance of Rs 5,040 crore. He also reported of Rs 588 crore artificial cash in Satyam’s books. Raju said that every attempt to eliminate the gap failed and he had to take this step . Raju sincerely apologised to all Satyamites and stakeholders, who have made Satyam a special organisation. Moreover recently the world bank has also banned Satyam for next few years because of data theft and bribery cases and it wont allow Satyam to bid for any of its bussiness projects.

In a notification to the stock exchanges, the Hyderabad-based IT firm said Raju and Managing Director Rama Raju had resigned early Wednesday and that the Securities and Exchanges Board of India (SEBI) had been informed.On Raju’s disclosure, SEBI chief said the issue has serious implications and the regulator will take coordinated action. His decision was conveyed to the company’s board members. The company was supposed to hold a board meeting this Saturday.Listed at New York Stock Exchange, the company could face regulatory action in the US, analysts said.Raju recommended DSP Merrill Lynch be entrusted the task of quickly exploring some merger opportunities but the company informed the stock exchanges that the investment banker has terminated its engagement with Satyam.

According to Raju, Ram Mynampati will act as an interim CEO. The resignations, ahead of January 10 board meeting, pushed the company into crisis and paved the way for immediate restructuring of the board and the management to come out of this crisis.

Shares of the company plunged by over 75 per cent soon after the resignations. Satyam, considered a acquisition, which pushed Satyam into crisis after Raju was forced to abandon the acquisition of Maytas Infrastructure and Maytas Properties promoted by his son.All the top news channels and newspaper like ndtv, ndtv profit , ibn, economic times websites are filled up with news from Satyam.Current share price of Satyam is rupess 40 as on 07/01/2009 19:00 IST listed in Bombay Stock Exchange (BSE).

After all these events struggle of the IT sector deepens and other IT major companies like Cognizant, IBM and others , who were considering taking over Satyam may reconsider their decisions after todays events.

I wish Satyam can come out of this mess as soon as possible and make INDIA proud as it used to do earlier. Please share your views and coments.

RBI's Clarification On ICICI Bank

Reserve Bank of India(RBI) on 30 th september 2008 finally came out with a clarification on the financial conditions of ICICI bank . RBI clarified that the ICICI Bank has sufficient liquidity, including in its current account with the Reserve Bank of India(RBI), to meet the requirements of its depositors. The Reserve Bank of India is monitoring the developments and has arranged to provide adequate cash to ICICI Bank to meet the demands of its customers at its branches/ ATMs.

RBI's Clarification on ICICI Bank's Financial Position

RBI must also ensure that other private bank ATM's should accept ICICI Bank debit and credit cards , which was not happening after spread of this rumour of ICICI bankruptcy and also online transaction should be back to normal .Other important aspect which RBI of India should clarify is the current financial condition of all private banks including ICICI Bank's .

ICICI Bank Bankrupt - Rumour or Truth ????

ICICI Bank is India's second-largest bank with total assets of Rs. 3,997.95 billion as on March 31, 2008 and profit after tax of Rs. 41.58 billion for the year ended March 31, 2008. The Bank has a network of about 1,308 branches and 3,950 ATMs in India and presence in 18 countries. ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries and affiliates in the areas of investment banking, life and non-life insurance, venture capital and asset management.

Every thing was going great for ICICI bank untill the news of LEHMAN Brothers broke out . At this point of time things started to change for ICICI bank . People started feeling insecure about this bank and rumours started making rounds of ICICI going to be declared bankrupt . To add fuel to this fire people started speculating that the country's second largest bank had been adversely impacted by the stock market crash this week. By 29 th September 2008 news spread across INDIA like a wild fire . Almost all ATM's across INDIA had people waiting in queues to withdraw money , long queues where even found at 3 am in the morning at hyderabad. Moreover people also complained that they were unable to withdraw cash from other private banks using ICICI bank debit or credit cards. Also they were complains of unable to process online transactions . Unconfirmed news states that around 300 crores rupess has been withdrawn after the spread of this news . Despite repeated advertisements on local radio confirming the sound financial health of the bank, depositors could not be comforted.

As a result of current banking sector scenario people are switching back to nationlised public sector bank such as State Bank of India and State Bank of Hyderabad.

Finally RBI has come up with clarification on ICICI bank financial position and assured the customer that they need not panic . Its expected that after this clarification things will improve for ICICI bank and will end all the rumours that were spread across . Read the post below for further details regarding the RBI's clarification on ICICI bank

http://hydengg.blogspot.com/2008/09/rbis-clarification-on-icici-bank.html

Feel free to write your comments ............

GATE 2009 Apply Online

Indian Institute of Technology Rourkee announced that the Graduate Aptitude Test in Engineering (GATE) 2009 on February 8, 2009 from 9.30 am to 12.30 pm.

Admission to post graduate courses (Masters and Doctors) in India with MHRD and some other Government Scholarships/ Assistantships in engineering/ technology/ architecture/ pharmacy/ science is open to those who qualify in GATE.

Interested candidates may apply offline or online. For General/ OBC category candidates the application fee is Rs 1000 for offline and Rs 900 online. For SC/ST/PD category candidates, the fee is Rs 500 for offline and Rs 400 online.

Important change made to GATE 2009 is that it will be VALID for only 1 YEAR. The GATE 2009 scorecard will consist of actual marks obtained by the candidate, the GATE Score, Percentile Score and All India Rank (AIR). Scorecard will be sent only to the qualified candidates. No information will be sent to candidates who are not qualified.

Eligibility for GATE 2009:

Candidates with qualifications obtained through examinations conducted by professional societies recognized by UPSC/AICTE as equivalent to B.E./B.Tech. Those who have completed section A or equivalent of such professional courses are also eligible.
Candidates in the second or higher year of the Four-year Integrated Master's degree programme in Engineering/Technology or in the third or higher year of Five-year Integrated Master's degree programme and Dual Degree programme in Engineering/Technology.
Master's degree holders in any branch of Science/ Mathematics/ Statistics/ Computer Applications or equivalent and those who are in the final or pre-final year of such programmes.
Bachelor's degree holders in Engineering/ Technology/ Architecture/Pharmacy (4 years after 10+2) and those who are in the final or pre-final year of such programmes.

Those who which to apply online can go ahead and you save money too by applying online

You can also purchase the GATE 2008 forms at hyderabad from the following state bank of India branches :

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