KYC Checking in India

To block terrorists from funding themselves through banking channels KYC or Know Your Customer registration came into existence…

India being India , the aam admi was bound to suffer as kyc became a tool of govt to harass people and remind them of the license permit raj. People call it Kill your Customer thanks to bureaucracy and red tape and multiple times one needs to do kyc.

There is no centralization of KYC registration, banks do them on basis of every account one has.

You require to submit your 1. Identity Proof and 2. Residence Proof.

To check if ur KYC is updated please follow links by clicking on them

Mutual Fund Kyc is centralized thank god for that . CVL handles MF KYC .

For Demat accounts two agencies do KYC

1. NSDL dbase NDML 

2. CDSL dbase CVL

The CDSL/CVL link deals with all kyc checks at the same time .

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , | Leave a comment

How to get a Senior Citizen ID or a Domicile Cert in Mumbai City Proper

Mumbai city Setu provides multiple services

Goto the SETU Mumbai Website

Register online here

or Download forms here ,

*Senior Citizen Certificate Application Form (Click here to Download Forms)

*Non Creamy Layer Certificate (Click here to Download Forms)

*Application form for Income Certificate (Click here to Download Forms)

*Application form for Caste Certificate (Click here to Download Forms)

*Caste Certificate For ST (Scheduled Tribes)(Click here to Download Forms)

*Application form for Domicile Certificate (Click here to Download Forms)

fill them up correctly and then go with necessary proofs

List of Valid proofs Checklist here

Buy the correct Court fee stamp at the office outside the high court rear entrance near hsbc if required,  and go to the old custom house SETU office(Left of Town hall library / post office) and submit.

Posted in Uncategorized | Tagged , , , , , , | Leave a comment

Mumbai’s BEST Bus disservice

For some time now BEST is a disservice monopoly running perpetually in losses, running empty buses, increasing fares and worse.

BEST Transport is a failing institution with an inept management and a trade union run by S Rao, that has been so successful at bargaining for workers that I, a customer feels that it is run more for paying the unions and the management their pay rather than for service of the aam mumbaikar or common man.

They run the AC buses empty during off peak hours , the ac bus acquisition some say were meant to bail out a private operator whose operations failed.  Empty buses don’t have time to pick up passengers at a stop sometimes early in the morning and at nite !

U see Two buses playing follow the leader on regular basis. There are no buses at lunch / dinner time sometimes… and almost a dozen playing follow the leader post lunch.

They have drastically cut routes and frequency but not staff or management expenses which is among st the largest cost !

They have spent a lot of money going electronic with trimax … such a waste

U renew ur pass online spending 10 minutes … u still stand in line for half an hr at some god forsaken depot stop with people who want to renew their pass just to update ur buss pass ..10 minutes waste! So why go online ?

It takes more time to print a ticket ! u cant change busses , and have to wait for some busses for 40 minutes minimum sometimes. U stand in line at a depot for a pass … waste more time waiting for a conductor to check that pass

A paper pass would be better and serve the same purpose.They are supposed to have gps Online Bus Tracking System in buses …

They are supposed to have gps Online Bus Tracking System in buses .

does it work ?

U tell me , cause i could manage to create a login as my phone was already reg.

but they never sent me a forgot password on my email !

Their website is horrid ! Worse is their customer feedback page !

On wasting ur 10 minutes to complain u realize …  they never bloody bother !

An error occurred on the server when processing the URL. Please contact the system administrator.

If you are the system administrator please click here to find out more about this error.


Gone are the days of my childhood when riding the double decker 66 was a fun ride …

BEST is now more like bekar bus service.

Posted in Uncategorized | Leave a comment

Rape in India ..

Two great posts about rape and how one must not jump to conclusions in such situations.

Read : Karuna Parekhs post in the Sunday Guardian.

Because rape, let’s face it, is not about sex. It’s more about assertion than insertion…more about humiliation, domination, and at the bottom of it all, insecurity. Beneath the insecurity though is a lack of education and awareness that a society that’s organised on the basis of institutionalised bigotry and barbarity has failed to give its members.

Punishment is all very well, but how are you going to change the very fabric of a stained society? You may cut down a poisoned tree but what of its roots?

Read : Seema Mustafas post on the suicide of Khurshid Anwar.

The decision to allow a drunk and unwell colleague to stay over at night on a September evening, came back to haunt him months after when the girl tied up with a shrill woman activist, who has never found anything criminal in the rape of women in Gujarat in 2002, to leak the story to the media. Within minutes the media trial began, and the final straw it seems was when a television news channel known for turning truth into fiction, and lies into the truth, apparently did a show vilifying Anwar.

Unable to cope he killed himself by jumping off the building he lived in. He did not leave a suicide note but the police have found a diary in which he has written of his complete innocence, and how he was being framed by motivated rivals.


The world is filled with bad men no doubt , but all men are not rapists and women should not automatically consider men as molesters and rapists.

Not all men brushing past a woman are doing it for cheap thrills , they may very well be late to attend to their ailing parents. Women should also make sure that they are not blocking the footpaths !



Posted in Uncategorized | Leave a comment

Subsidized Vegetables in Mumbai

As the Congress UPA 2 govts election promise of lower inflation and cheaper prices has turned out to be nothing but a hoax and an election gimmick , most vegis are now beyond reach of the aam admi or lower middle class Mumbaikar.

Cartelization of traders and retailers is an open secret, and such cartels run with the blessings and patronage of the political elite … So the new pre election yr stunt is to provide affordable sorry wrong word, cheaper than retail prices for veggis at select outlets. Here is the list of expanding network of such centres opened by a desperate govt that has failed in one of the most fundamental promises !!

List is expanding and includes most (Check out ur local)

Sahakari Bhandars

Apna Bazaars

Supari Baugs

Consumer coop s

Dmart s

Ur welcome to help by commenting

Posted in Uncategorized | Tagged , , , , | Leave a comment

Dangers of excessive money printing and resultant real Inflation !

Ponzi schemes pay returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation.

Uncontrolled spending , and massive budget deficit financing funded by monetary easing, or quantitative easing or money printing over the longer term is not much different !

Two of the top market gurus have issued further warnings


Ajay Shah has a good post on effects of withdrawal of stimulus in the us

The drama of monetary policy

and Inflation

Why is solving India’s inflation crisis important?

Reining in the inflationary dragon


Posted in Uncategorized | Leave a comment

Indian Rupee History over the last 96 Yrs

Based on data available

Year Exchange rate Depreciation Event/ War Govt in power Leader
(inr per US$)
1917 0.0769 WW2 41 to 45 Great Britain Queen
1925 0.1 Indo/Pak1 47 Great Britain Queen
1947 1 Arab/Israel 48 INCongress Nehru
1952 5 500% Vietnam  59–75 INCongress Nehru
1965 Indo/China 61 INCongress LB Shastri
1970 7.6 52% Indo/Pak2 65 INCongress Indira G
1975 8.409 11% Indo/Pak/Bang3 71 INCongress Indira G
1979 Janata Party Morarji D
1980 7.887 7% App Congress I Indira G 80 – 84
1985 12.369 57% Iran Iraq 80-88 Congress I Rajiv G 84 – 89
1989 16? Black Monday 1987 Janata Dal V. P. Singh 89-90
1990 17.504 41.50% GW Bush Sr Janata Dal /CongI Chandra Shekhar 90-91
1991 21? 20% Desert Storm 90-91 Congress I P. V. N Rao 91
1995 32.427 Cil crises Congress I P. V. NRao 96
1996 30.5? 45% Janata Dal /CongI Deve Gowda
1997 30.5? Kargil 99 Janata Dal /CongI I K Gujral
1999 42.33
2000 45 Afghan 01 BJP/NDA (98/04) Atal Bihari Vajpayee
2004 45.28 7.00% Tech crash 2002 MMS / S G UPA1 04
2006 48.336 Congress Sonia MMS / S G UPA1
2007 (Oct) 38.48 Congress Sonia MMS / S G UPA1
2008 (June) 42.51 Congress Sonia MMS / S G UPA1
2008 (October) 48.88 Lehman 2008 Congress Sonia MMS / S G UPA1 09
2009 (October) 46.37 QE1 2008/9 Congress Sonia MMS / S G UPA2
2010 (January 22) 46.21 Congress Sonia MMS / S G UPA2
2011 (April) 44.17 QE2 2011 Congress Sonia MMS / S G UPA2
2011 (September 21) 48.24 Congress Sonia MMS / S G UPA2
2011 (November 17) 55.395 OPTwist End 2011 Congress Sonia MMS / S G UPA2
2012 (May 23) 56.25[6] Congress Sonia MMS / S G UPA2
2012 (June 22) 57.15[7] Congress Sonia MMS / S G UPA2
2013 (May 15) 54.73[8] Congress Sonia MMS / S G UPA2
2013 (June 10) 58.150[9] Congress Sonia MMS / S G UPA2
2013 (June 11) 58.950[10] Congress Sonia MMS / S G UPA2
2013 (June 19) 58.75 30% Congress Sonia MMS / S G UPA2

Posted in Uncategorized | Leave a comment

Cheap non Nokia Dual Sim Mobiles

Was looking for a cheap non nokia dual sim mobile under Rs 1500/2000 having ordinary features and a solid battery.

Buy Intex Yuvi+: MobileBuy Intex U-AA: MobileBuy Karbonn Sound Wave K451+: Mobile

For me the top two in terms of price performance was Intex Yuvi+ vs Karbonn Sound Wave K451+

Dealer or Distributor rates were at least 5% lower than what flipkart sells them at.

Intex in terms of preference :-  Flipkart comparison 

Other Similar mobiles :- Comparison on Flipkart

All dual sim comparison on Flipkart

Intex Yuvi+… Good phone overall battery 1800 Mah

My top choice : Positives Great screen, smooth UI, good overall performance. Negatives … Speaker a bit low , UI could be better, No select multiple sms,  Only mass storage connectivity.

Intex U-AA … Mega battery 2100 Mah solid phone

Intex Killer …Similar specs to Yuvi+… Screen like UAA, more functions

Karbonn Sound Wave K451+

Micromax X263

Karbonn Jumbo K9

Micromax X1i XTRA

Posted in Uncategorized | Leave a comment

Cheap Nokia Dual sim

Was looking for a cheap nokia dual sim that could use my BL 5C batteries from my old nokias and concluded that there were 2 options under Rs 2500

Nokia 114 and Nokia 101beauty-shot-1


Flipkart comparison,MOBD2DXET2W6QK9D

Phonearena compare,Nokia-101/phones/7591,6111

Both have no USB connectivity
If u need a camera, Bluetooth and Sim hot swapping go for 114
If u need a torch 101 is ur phone.

Here is my post on Cheap non Nokia Dual sim Mobiles that give more bang for the buck !

Posted in Technology, Telephony | Tagged , , , | 1 Comment

Chinese budget smartphones tablets and phablets

Was checking  out top of the line chinese budget tabs and smartphones, that most chinese locals buy. Now a days there are multiple cos that import chinese devices and sell them under their own brand name. Eventually these companies would be having their distribution in place in India and the current lot of cos like Micromax etc will face a direct challenge from them.

Most are mainly customized to Chinese languages as of today but things are rapidly changing as english language phones have started trickling out from these manufacturers. Beware u have to be a techie and learn a lot of tweaks or u will land up being frustrated if you buy such a device.

Check out reviews  at

Ali express top sellers

Pandawill is also a leading exporter site

Posted in Technology, Telecom | Tagged , , , , , , , , , | Leave a comment