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Pay your taxes/SAS scheme – BBMP

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The zonal classification of the BBMP splits properties into different zones ranging from A – F with A being the highest tax paying and F, the least.

Also, there is a handy property tax calculator where you can do your calculations in a giffy.

However, BBMP recommends you to take a look at the guide. Both the guide and the calculator are available at the link given below:

Hope this helps some prospective municipal tax payers in Bangalore.

Written by Naveen Athresh

February 14, 2009 at 6:49 pm

Why am I crazy about Wall Street/US monetary policies?

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Simply because, it has a huge impact – no matter where you are in this world!

What happens out there impacts every single country in this world. It impacts you you and you. It impacts the decision making we make on our jobs etc. It impacts our local domestic economy. No matter how much we claim of ourselves being insulated from Wall Street, the truth is its just an eyewash. We will all get affected by the mayhem on Wall Street and the effects take at least 6 months to trickle into economies such as India and China. This is what happened in the dot com bubble burst of late 2000. Read the rest of this entry »

The age of turbulence – Alan Greenspan’s memoir

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I am going to start reading up this book starting next week once I am done with ‘The Snowball – Warren Buffett and the business of life’.

While critics are holding Greenspan responsible for advocating ARM’s way back in his testimony to Congress in 2004 and his keeping of interest rates low from the days of the dot com bubble burst, I still admire Greenspan for what he did for the US economy. Its easy to criticize the Federal reserve Chairman but what were the Wall Street companies and their hugely overpaid CEO’s doing? Who will track Dick Fuld (CEO of the now disgraced/bankrupt Lehman Brothers that sold itself to Barclays some weeks back) or who will track the activities of Merrill Lynch’s ex-CEO who was fired or who will track the activities of AIG’s ex-CEO who insured a whole load of CDS that nearly sunk AIG.

Will post my review once done but it will take some time to read up both books! and its statistics from an year ago

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I was chancing to look upon my blog’s readership and it has skyrocketed in last few months. To give you an idea of how much the readership for has gone up by, Alexa rating has shown a consistent rise in my webpage ranking (it currently stands at 755139 worldwide and its India ranking is better at 58137. Furthermore, my year old blog stats shows my blog to have averaged 9999 hits way in May 2007. The current count stands at 77791.

Above means nothing if people don’t read posts. Simple page views/hits serve no value absolutely. The most important indicator that indicates the health status of a blog is its post:comment ratio. My blog’s average post:comment ratio is at about 1:2. This means, for every post I put up, I get double the # of comments. This ratio was about 2:1 last year at about the same time and it had not even reached breakeven. So, it is a satisfaction that my blog is a success in terms of these critical metrics.

Thank you, all for making this blog readable! Its only my readers who can turnaround this blog and I hope to keep you as repeat readers so the value of this blog is enhanced further!

Keep visiting back – you know where to look for me:!

Another delay in the Devanahalli International airport opening!

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It looks like even without a formal Government, the administration in Karnataka is equally laggard when it comes to taking quick decisions.

This airport project has again been delayed by another 1-month (the earlier date given was end of March 2008). Moreover, there has been enough hue and cry on whether to keep the HAL airport catering to needs of domestic travel since the Devanahalli International airport is not yet well connected from the city center with the typical delays that are entrenced in any Indian social sector project. Read the rest of this entry »

Texas Instruments – BA II Plus Professional Financial calculator acquired!

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I bought this advanced financial calculator (the Texas Instruments BA II PLUS Professional) for all my complicated calculations and to manage my portfolio of assets. Actually, this is primarily used only by CFA’s and CPA’s as its one of the only two authorized calculators for their examinations etc. Its cool! Read the rest of this entry »

Some macro economic predictions for 2008

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Here’s a caveat: I fully understand economic predictions are foolhardy and its a bunch of crap since it is not something that can be predicted. Famous investors such as billionnaire Warren Buffett etc. also share the same viewpoints about economic predictions not being practical due to the changing dynamics of economies worldwide!

I still choose to defy this and some of my predictions for 2008 are as follows. Do not worry – I will not try to state the obvious and this is a result of some tad bit of analytical analysis thrown in for it to have some meaning. Read the rest of this entry »

Blogging guidelines – my two cents

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What are the important factors one needs to consider before one begins to blog:

1. First, get over this obsession of Google adsense. 99/100 bloggers I meet first think of making a quick buck on adsense rather than focus on quality of their blogs and its relevance towards the topic(s) chosen! This is really very disturbing statistics. Read the rest of this entry »

US economy snapshot: Who’s to blame in the US housing bubble burst?

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In conjecture, its probably all of them.

The mortgage lenders, the brokers, the buyers, the sellers, the mortgage market, the economists – everyone – in my opinion.

Here’s an interesting article from

Many have raised the odds of a US recession at 50:50 now.

The USD is depreciating against a whole load of currencies (this is from the perspective of the USD and not the INR) and moreover the US economy is witnessing its worst slowdown in 16 years (to put things in perspective again, its the worst slowdown that has hit the US economy in the home mortgage market since 1991!)

Written by Naveen Athresh

October 23, 2007 at 9:25 pm

Caveat Emptor: Guidelines for purchasing an apartment unit in India – due diligence to be carried out

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One of the biggest issues one needs to factor in is to make all payments to the seller in plain cheque. That should be the right logical approach. This is easy on first sales where you buy a property directly from a reputed builder where you make payments by cheque and in instalments.

Second sales are invariably having this complication where cheque payments may not be accepted in entirety (its different if you buy directly from a builder as they accept money only in cheque) and this is where I felt there was a lacuna of information and therefore tried to fill in this gap with below due diligence/analysis.

Some of the principles used in Real Estate investing are highlighted below. These are from my own experiences in dealing with this tricky (and murky) world of business. Read the rest of this entry »

Written by Naveen Athresh

October 16, 2007 at 8:40 am