FinTip – Top 3 Reasons To Buy IDFC Bonds

In this year’s annual budget, Finance Minister had introduced a new tax saving deduction – Sec CCF. It was INR 20,000 for investment made into special infrastructure bonds.

Now, Infrastructure Development Finance Co (IDFC) has launched these bonds. The issue opens for subscription on Thursday, September 30, and closes on Monday, October 18.

I recommend it. I am no Tax Guru. I have 000 Patents in Finance. But here is my reasoning:

1. The tax deduction is over and above your 1 lakh deduction under Sec 80C.
2. The rate of interest is in the range of 7.5 – 8%. But the real return on the bonds is much higher, it you consider the tax deduction.
3. Rating agency ICRA has given the IDFC bonds an LAAA 
rating, which is the highest rating that an infra bond can get.

Though one can invest more than 20,000 in these bonds, one can claim tax deduction on a maximum of INR 20,000 only. But, Money saved is money earned. Another interesting reason to save !

Gandhi & Leadership

Gandhi was an exceptional leader and his life throws many leadership examples. I had conducted one session on Gandhi & Leadership. On occasion of Gandhi Jayanti today, I am sharing the PPT with all. Check it out !

Favorite Gandhi Quotes:

1.

First, they ignore you
Then, they laugh at you
Then, they fight with you
Then you win!
So we are going to win
Thank you!

Mahatma Gandhi
(In response to question: How are you going to take on the high and mighty?)

2.

“We must be the change we want to see”

3.

Gandhi Once Said :

“I claim to be no more than an average man with below average capabilities. I have not the shadow of a doubt that any man or woman can achieve what I have if he or she would put forth the same effort and cultivate the same hope and faith. ”

Why MoMo Ahmedabad?

Why Should Mobile Companies Join MoMo Ahmedabad? Rajnikant Joshi answer the question !

In Ahmedabad, most of the companies working in mobile domain are either small or medium scale firms. To survive or progress with the continuous changes in the mobile domain, one needs inputs from many directions and perspectives. Globally, Mobile Monday has been conceived to fulfill that requirement, and Ahmedabad chapter intends to inherit and replicate the same concept.

Why should one get involved with Mobile Monday ? We have identified Top Ten Reason why a mobile software service or product company working or interested in mobile domain should associate with a Mobile Monday event.

1. Mobile Monday provides a platform to demonstrate their solution or idea to local community. This helps them to evolve as a local brand.
2. Mobile Monday is a better place for networking.
3. Mobile Monday is a platform to discuss and brainstorm on ideas, which can give them opinion from many different perspectives. Important point to note over here is, Intellectual Discussion could be Eureka Moment of product for any company.
4. Mobile Monday workshop and training program helps them to be ready for next level of challenges, in this fastest changing domain of technology.
5. Mobile Monday helps small companies to find better investors.
6. Mobile Monday arranges stimulating discussion and enlightening talks talk which are delivered by experts of different domains. Such expert talk from the industry leader can help small companies to identify/justify their path and position for progress. Expert talk can clear many myth that company is having for the industry.
7. Mobile Monday community is a platform for small companies to find best of the talent from industry.
8. Mobile Monday improves the maturity of the companies in the city by providing common platform for all to discuss, share and demonstrate them self.
9. Mobile Monday community helps small companies to define/redefine the road map for the progress by learning from and discussing with community members.
10. Over all Mobile Monday gives a complete picture of industry standards, trends, study and forecast of mobile market.

Global Mobile Monday community has created a name for itself in the industry and is a highly respected movement. Being a part of the community will allow a company to connect with all the global members of this community.

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