Me ICICI & CIBIL


Once upon a time way back in 2004 I was offered a credit card by ICICI Bank… I’m a big user of the plastic and I use it for my personal needs and also to settle my company bills… My normal use every month was around Rs.80,000/- and I promptly settle my dues on or before the due date…

 

Everything was going fine until I got an offer from SBI Bank Card for a 3 month interest free balance transfer… I thought it was an attractive offer and opted to take it up and I received a Cheque from SBI from their Delhi office… Then I promptly presented in ICICI bank 15 days before my due date and received an acknowledgement from ICICI bank…

 

Then I was shocked to see my next ICICI statement which had late payment fee, Interest and service tax… On verification I came to know they presented the Cheque 2 days before the due date and the Cheque got realized after 10 days from the date it was presented which was not my mistake…

 

I took it to all levels of their Customer Support people with all documents but they didn’t try to solve the issue instead they asked me to repay due which was around Rs.5000/-… After some time they started sending Collection agents for collection and every time I had to show them the acknowledgement slip… Over a point they started disturbing thru phone calls and sending agents to office and to my house… I thought I must take this legally but my friends said paying a lawyer fee for this amount is not a good idea…

 

Then during the year 2006 I wanted to purchase a Plot of land by taking a loan and my loan was rejected… Only then I came to know about CIBIL and I was told I was a defaulter… It was then I realized my mistake of not taking ICICI legally… Even at that point I had an opportunity to file a suit but at the cost of forgoing my investment plan… I tried to convince the other bank with all valid receipts and explanation… Even they didn’t accept my genuine case and asked me to settle my dues with ICICI first…

 

Then I was forced to make a settlement with ICICI and with the settlement letter I got my loan passed…

 

Now a year back I applied for a personal loan which got rejected stating that I was a defaulter… Now even after 2 years of making a settlement CIBIL has not removed my name from their database and in future too I’ve to undergo the irony of my loans getting rejected…

 

I was penalized for a mistake of an ICICI employee for presenting my Cheque late and for not taking legal action on time which worries me till date…

 

Now there is even more bad news for us… CIBIL is currently available only for Banks & Financial institutions and RBI has given them approval to provide service to other industry verticals like Telecom and Insurance… This means late payments of premiums and telephone / mobile bills will also be added to our credit history…

 

CIBIL is definitely a better system but they must evolve themselves quickly fix genuine cases too…

 

After a long time with the help of Money Today magazine go an answer to my problem to remove my name from CIBIL… I tried one of their recommendations and it was not effective and must try the second one… They have recommended two options;

 

  • Request the bank to take note of the changes and report it to CIBIL… (Tried without luck)…
  • Get the control number of your credit report from bank, then contact the CIBIL helpdesk (1800-224-225), quote this number and register the error…

A.V.Meiyappan Junior Football Team


avm

This is AVM Junior football team and this team won that years zonals… I was in 8th standard and all are my friends… Unfortunately I was not selected in the team and I’m not in the picture…

Is LTTE’s defeat good or bad?


I first came to know about LTTE from Sri Lankan refugees who were our neighbors… Before getting into the subject let me start by listing things that admire about LTTE

  • I think this long resistance by an organization which has been isolated by most of the countries and fight the army of a country is not a small task…
  • Tremendous leadership skills of V.Prabakaran for creating such a group… Even if he is defeated and killed he has a place in history…
  • Their never say die attitude… There are almost wiped off and still they are fighting till their last breath…

Now coming to the point “What this defeat of LTTE” means to Lanka, India and the world?

First we must know the method opted by LTTE is not right and they deserve this end… LTTE has created a face/image as if they are saviors of Tamil Eelam but there are lots of hidden truths… LTTE in itz early stages has killed many Tamil leaders to gain dominance in the region… So, Tamil’s in the region had no other option other than to join the force to fight for the rights…

I was an infant when Tamil – Sinhalese problems started… But I came across many stories, point of views & perceptions from Tamils and Sinhalese… I personally think Tamil’s in Sri Lanka must take lot of cues from India… Even India had itz own ethnic problem between Hindus & Muslims, Tamils & Kannadigas, Maratis & Biharis but still India copes up with this and still it is progressing…

Second point is where ever it is the minority community must learn to adjust/cope with the majority community (This might sound controversial) but I believe in my statements…

What every the case may be I wish this end of LTTE must bring peace and prosperity to the Sri Lanka… We must not loose an island which is known for its natural beauty and a culture which is fun filled…

My MOM the greatest!!!


120x240This is the first blog I’m dedicating to my mother, in fact this is the first time I’m dedicating something to my most beloved person in this earth… I feel ashamed of myself for getting inspiration from Indusladies.com; without them announcing the Mothers Day contest it didn’t even strike to do something like this… Many a times I was thinking hard for a blog topic for a blog post and I don’t know why this didn’t strike me… Anyways thank you Indisladies.com for striking a nail in my head…

 

I personally owe a lot to my mother for without her I’m not in this world… I don’t know how many times I’d have provoked her but ever time what she gave in return was her kindness… Further more she is one of the smartest person in the world ever I’ve seen… Let me share this experience;

 

I bunked my classes for the first time when I was in my grade 10 and got caught!! Can you all guess how?? While washing my uniform there was no dirt in the collar and she caught me…

 

She always taught me the value for money and how to lead a life within our means… Though I differ with his point what I admire from her is the way she managed things when my father was the single earning member and the no. of people who are dependent on his income were more (myself, mom, sister, fathers mom, fathers elder sister)…

 

Mom was always good when it comes to money and she saved a part of my father’s salary without his knowledge and she was able to buy a ground / plot of land and she was able to use some money for constructing our house… I’m sure my father would have built a house for himself (he would have spent more for me, my sister and his siblings instead of saving)…

 

I’ve always been very poor in my academics and I was the biggest head ace for my mother and after my graduation I ventured into entrepreneurship and was fairly successful and I’ve not done anything to my mother…

 

What my mom expects from me is simple things like having breakfast/dinner together and taking her to temple… But I’m unable to fulfill her small wishes like this… I’m planning to take oath for this mother’s day to make my mother happy by fulfilling her wish at least one day in a month…

 

Also I’m wondering what gift I can get for my mother for this mothers day… Please help me by giving some suggestion…

 

I take this opportunity to wish my mom and all beautiful mothers a Happy Mothers Day…

 

For sure I’ll make a blog post on 10th May 2009 on what gift I’ll be getting to my mother…

Most Wanted!!!


Are you suffering from recession?? You are out of job and looking for some income?? Or is your financial commitments are too high that you are unable to make ends meet??

 

So, here is an opportunity for you to win some money… But BEWARE!!!! You are engaging on this expedition on your own risk…

 

Warning: Individual on the picture is not responsible for any loss / damage to your life or property…

Wines i’ll be tasting…


So as promised in my previous blog I’m sharing the list of wine I’ll be tasting and a small brief about those wine…

 

Four Seasons Shiraz 2008, India

four-seasonsIn Maharashtra, all wine trails lead to Nasik. Excellent climate, great soil and history of grape-growing all make Nasik a natural choice for any wine producer in India. It thus came as quite a surprise when United Breweries set up their maiden winery in Baramati, and their vineyards in the nearby Sahyadri Valley. But in Sahyadri they found the perfect terroir, and a climate which afforded cool nights,warmdays and less rainfall than Nasik. And in Abhay Kewadkar, they found India’s foremost winemaker.With decades of experience, first at Chateau Indage and then at the helm of Grover wines, Abhay Kewadkar became a natural choice. His exceptional winemaking skills have produced a Shiraz with a deep ruby core, a smoky nose of dark berry and spice, and a well-structured palate with gripping tannins and great acidity. This stellar first offering fromFour Seasons will embrace Indian food!

 

Errazuriz Carmenère 2007, Chile

The Judgement of Paris – organized by the Chairman of our Board of Wine Advisors errezurizSteven Spurrier – is famous for not only establishing the credibility of California’s wines, but for also acting as an impetus to California’s burgeoning wine industry, stimulating both demand and sales of its wines worldwide. Inspired by this event and its consequences, Chilean wine producer Eduardo Chadwick set out to do something similar for the Chilean Wine Industry. In what has now become known as the BerlinTasting of 2004, Chadwick invited 36 journalists (including Steven Spurrier) and wine buyers to Berlin to taste blind a selection of wines from Chile, France and Italy. Classics from France (including Chateau Lafite, Chateau Latour and Chateau Margaux) and Italy (including Tignanello, Sassicaia and Solaia)were pitted against some of Chadwick’s wines from the same vintages.

 

Chadwick’s wines remarkably came out on top, and Chile suddenly found itself prominently perched on the world wine map. Initially famous for its juicy Merlots and mouthwatering Cabernets, Chile really brought to the fore the Carmenère, which is thought have originated in Bordeaux, where at one point it was widely cultivated for blending. Owing to the fickle nature of its growth and its low yields, it was phased out after the Phylloxera attack that destroyed most of Europe’s vines in the late 1800s. The “lost grape of Bordeaux” was thought to have disappeared forever, until it was rediscovered in the valleys of Chile, where until 1994, it was mistaken for Merlot.

What better an offering than a Carmenère from Eduardo Chadwick’s own winery? Its deep red robe, black berry nose and mocha palate are destined to please. Utterly enjoyable by itself, or with a good steak.

 

 

Cavalieri Di Moasca Barbera D’Asti 2007, Italy

barberaBarbera is the second most widely planted grape in Italy after the Sangiovese. Traditionally, it was considered to be an ordinary grape variety that was either used to make “people’s wine” (wine for everyday drinking) or to improve the colour of wines made from other grapes, specifically those made from Nebbiolo. It was then given a new lease of life by the winemakers from the Piedmont region of Italy, who by severely pruning the vines to produce smaller yields, vastly improved the quality of Barbera. Piedmont, already renowned for its wine, food and highly sought-after white truffles, was now famous for the quality of its Barbera. Nowhere is it better than in the city of Asti. This Barbera D’Asti is naturally high in acidity and soft on tannins, and will pair extremely well with most Indian food.

 

Waterford Estate Pecan Stream Chenin Blanc 2007, South Africa

South Africans speak of Stellenbosch with twinkles in their eyes. Its Mediterranean pecanclimate with hot dry summers and mild wet winters are ideal for the production of perfect grapes. Considered to be the prettiest wine-growing region anywhere in the world, Stellenbosch is the spiritual home of winemaking in South Africa. The University of Stellenbosch is responsible for nurturing many of the country’s better winemakers, who (more often than not) join one of the many leading wineries that make Stellenbosch their home. As winemaker for several leading wineries over the past three decades, Kevin Arnold has called Stellenbosch home since 1979. In 1998, he decided to join the Ord brothers to set up the Waterford Estate, also in Stellenbosch. Today, Waterford Estate has one of the best Cellar Door experiences worldwide. It also produces some of South Africa’s most exceptional wines, all of which embody the philosophy of the Waterford Way, a philosophy that celebrates prosperity, life, food, wine and family! The Pecan Stream Chenin Blanc is no different, and reflects hues of melon and peach on both nose and palate, making it utterly delicious with seafood. Bound to please every fan of India’s favorite grape type!

 

J LangaCavaBrutNV, Spain

langaIn the 1860s, after a particularly inspiring tour of the Champagne region of France, Spanish winemaker José Raventós decided to give Spain its own sparkling wine. He imported equipment from Champagne, and in 1872, used local grapes to produce Spain’s first methode champenoise sparkling wine. It was initially called champán, but later became Cava, to reflect the Spanish term for “Cellar” or “Cave”. Local producers took to it immediately and soon every still white wine in and around the Penedès region of Spainwas used to make Cava. Cava’s popularity spread rapidly; it is now used for any occasion, from weekend picnics to family traditions. Spanish babies get their first taste of Cava at their baptisms, where their pacifiers are dipped in it! Cava is today the world’s most popular sparkling wine.

Typically Cava can be made from a handful of grape varieties including the homegrown Macabeo, Xarel-lo and Parellada and the champagne-producing Chardonnay and Pinot Noir. The J Langa Cava is 70% Macabeo and 30% Chardonnay, reacquainting it to most champagne drinkers. This bright young wine will charm you with its citrus and shortbread aromas and slightly sweet yet crisp finish. It is most

enjoyable by itself, but can also be paired with delicately flavoured food.

 

TriventoTribuTorrontés 2008, Argentina

From almost the very moment that this wine was delivered to our offices, we knew that trivento-torrenteswe’d stumbled on to something special. However, nothing prepared us for the manner in which the aromas of this wine’s bouquet struck us squarely in the face! Aromas of grapefruit and peach leapt from our glasses. Even though Torrontés – a white wine varietal almost exclusive to Argentina – is known for its aromatic whites, we weren’t expecting such an incredible nose. With floral notes and the slightest hint of aniseed on the palate, this wine received unanimous approval from our entire tasting panel. Enjoy by itself as an aperitif, or with spicy food or smoked meats.

 

 

In spite of all this as a Citibank Platinum Cardholder, I’ll receive a FREE bottle of Bouvet-Ladubay Brut and here is the description of this fluid… Ok now comes my generosity part :)… I’d like to share this with my friends, twitter mates, my blog readers and acquaintance… This might happen in Chennai or Bangalore based on the response… Please comment your interest for participation and place based on that we might fix up the city and place… Now let me wait for the day I’ll be getting those bottles…

 

Bouvet-Ladubay Brut NV, France

 image005The Bouvet Ladubay Brut NV (non-vintage) is a sparkling wine from the Loire Valley in France. It has wonderful fruit aromas, and delicious flavours of spring flowers. It is a well-balance sparkling wine with a refreshing finish.

 Grape Variety: 90% Chenin Blanc, 10% Chardonnay

 

Tasting Notes: Bright yellow in colour with green highlights and fine, persistent bubbles. It has a dominant fruity nose with milder aromas of flowers.  On the palate, it leaves a subtle floral taste. The finish is brisk yet refreshing.

 

 

 

 

 

 

 

Ok now comes my generosity part :)… I’d like to share this with my friends, twitter mates, my blog readers and acquaintance… This might happen in Chennai or Bangalore based on the response… Please comment your interest for participation and place based on that we might fix up the city and place… Now let me wait for the day I’ll be getting those bottles…

House for rent


First floor of our house in Gottegere, Bhannerghatta Road, Bangalore is available for rent… Please let me know if you are interested or help me in passing the message… If you want to take a look into house you contact my father, he will arrange someone to show the house…

 

House address will be provided on demand and these are our terms and my father’s mobile number…

 

Rent : Rs.7000/- PM

Advance : Negotiable

Contact no.:+91.9962598186

 

This is the front view of our house;

I endorse Chennai Super Kings


IPL09 fever starts and I’m totally prepared… I fulfilled the entire to-do list which I posted yesterday… Also I purchased CSK t-shirt from Reebok and here it is;

 

Also the betting team is ready and we have started betting on twitter… Bad things spread fast and we are too many requests for joining our betting club…

 

I’m leaving to Coimbatore tonight and I’ll be watching the match from there… Don’t know if I’ve a company with my bother, so I’ve to depend on Ndot’s Nanda for company…

My earnings – a review


I was wondering how much I earned in this 9 years of professional life and how much I saved/invested… I was shocked to see that my finances are in negative and it is high time that I do something soon to recover…

 

Let us imagine I earned Rs.35,000/- on an average (averaging entry level salary to what I’m earning today) and 8 years and 6 months of professional experience which comes to 102 months… So, my total earnings till date is Rs.35,70,000/-…

 

Description

Investment

Loans

P&L

Stocks

300000

 

 

MF’s

550000

 

 

Insurance

760000

 

 

HDFC

 

300000

 

IDBI

 

300000

 

IOB

 

450000

 

Biz. Loss

 

700000

 

 

 

 

 

Total

1610000

1750000

-140000

 

Now I don’t know what happened to the balance from;

 

Total Earnings – (Investment + Loss) = 35,70,000 – (16,10,000 + 140000) = Rs.18,20,000/-

 

I think I’ve spent a lot than saving/investing and I think it is high time seriously work on my finances…

IPL 2009 To-do


IPL starts from 18th and more importantly it starts with Chennai Super Kings & Mumbai Indians… Last year I didn’t show much interest in the beginning but over days the tournament pulled me and also had opportunities to watch matches because of my friend Prasad’s influence with India Cements… This time I miss the tournament in India coz I can’t watch matches from the Stadium… Anyways let me do put a to-do list and make my schedule such that it doesn’t affect my work and watching matches…

 

  • Download Matches Schedule and Place it in Desktop & stick a printout of schedule in my table…
  • Subscribe for Sony Max in Sun Direct DTH… This is first priority and this must be done tomorrow itself…
  • Buy Chennai Super Kings T-shirt from Reebok…
  • Block Rs.10,000/- for betting with friends particularly with my twitter mate Sameer…
  • Change my caller tunes to Chennai Super Kings song…
  • If possible perform a special puja for Chennai Super Kings to win the cup this time…
  • Form a group in Madurai to watch matches… In Chennai there is no need as there are lots of group which I must choose and join…

Also last time we went with my MBA group for matches… This time there is a get-together on April 27, 2009 before the graduation day… So, I might not miss my MBA group this time…