Friday, August 11, 2017
Thursday, August 10, 2017
How Broking Houses Can Enable Instantaneous Fund Transfer (Almost) Between Accounts
If you are a trader, trading in both equity and commodity with a broker, you'd have experienced the difficulty in transferring funds between these accounts. Existing rules require traders to have separate accounts for these two divisions. This is especially relevant in India. where SEBI stipulates having separate accounts for equity/currency and commodity trading.
So if you found a trading opportunity in commodity, but needed to transfer your funds from equity, you'll first need to withdraw them to your bank and then transfer them to your commodity account, though they are with the same broker.
This creates a time delay of up to 24 hours. The expenses of NEFT/IMPS transfer also come in. Also you need to log in to the bank account, and provide the security details etc, which is a hassle.
Currently time required to transfer money between these accounts through this circuitous route is a minimum of 3 hours for premium brokers like Sharekhan. Discount brokers may take up to 26 hours.
By the time the funds arrive, your trading opportunity would have vanished.
I propose an alternative using existing technology. E-wallets can be used for this purpose.
Routing this way will reduce the transaction time to almost zero, as the separate e-wallet is solely for satisfying the legal requirements of SEBI.
So if you found a trading opportunity in commodity, but needed to transfer your funds from equity, you'll first need to withdraw them to your bank and then transfer them to your commodity account, though they are with the same broker.
This creates a time delay of up to 24 hours. The expenses of NEFT/IMPS transfer also come in. Also you need to log in to the bank account, and provide the security details etc, which is a hassle.
Currently time required to transfer money between these accounts through this circuitous route is a minimum of 3 hours for premium brokers like Sharekhan. Discount brokers may take up to 26 hours.
By the time the funds arrive, your trading opportunity would have vanished.
How to reduce the cash transfer time by more than 75%
I propose an alternative using existing technology. E-wallets can be used for this purpose.
- Either the broker can provide an e-wallet expressly for this purpose to its clients or
- it can collaborate with existing E-wallets like PAYTM.
The route of the transaction must be:
Routing this way will reduce the transaction time to almost zero, as the separate e-wallet is solely for satisfying the legal requirements of SEBI.
Advantages of routing transfer through an e-wallet
- Reduces time of transfer between equity and commodity accounts by more than 75%. This increases trade volume as funds are readily available to the client.
- The transfer can be instantaneous if the e-wallet is maintained by the broker.
- Eliminates the hassle of logging into the bank account and providing security details. Actually the client could activate the transfer with just an SMS from the authorised mobile.
- Reduces the load on bank servers
- Reduces online security risks to clients because there is no need to log in to bank a/c
Friday, August 04, 2017
KnowherStory: The Award Winning Project
KnowherStory: The Award Winning Project: A blog that narrates personal unique stories of grassroots women leaders.
This is the blog of Regina Zoneziwoh Mbondguloa, Cameroonian scholar and activist who holds a bachelor’s degree in Environmental Sciences and a master of arts in Conflict, Security and Development from King’s College in London. Upon completion of the Washington Fellowship, she plans to use her civic leadership and advocacy skills to train and empower young people, particularly women and girls to get involved in the development, implementation, monitoring and evaluation of programs that impact their lives. (Source: www.Irex.org )
What amazes me is that there are people who get qualified from top institutions and yet, instead of using their education for their own material benefit, dedicate themselves to the welfare of the less fortunate, marginalized among us.
This is the blog of Regina Zoneziwoh Mbondguloa, Cameroonian scholar and activist who holds a bachelor’s degree in Environmental Sciences and a master of arts in Conflict, Security and Development from King’s College in London. Upon completion of the Washington Fellowship, she plans to use her civic leadership and advocacy skills to train and empower young people, particularly women and girls to get involved in the development, implementation, monitoring and evaluation of programs that impact their lives. (Source: www.Irex.org )
What amazes me is that there are people who get qualified from top institutions and yet, instead of using their education for their own material benefit, dedicate themselves to the welfare of the less fortunate, marginalized among us.
Wednesday, August 02, 2017
A Step Towards Yourself
Nearly two decades ago, I got a chance to play the DOS game called Budo. It was a transforming experience. Not that the game was extremely brilliant, even though good it was.
What fascinated me was that at unexpected moments a brilliant quote would flash on the screen.
Two of those quotes from that game entered my life forever, I still contemplate their meaning. Let me share them with you:
The first one:
Center yourself by accepting whatever you're doing now.
We generally rush through life, focusing only on our so called 'important' moments and activities.
We are here to enjoy life, not to run through it in a frenzied rush. After all, we can only do one thing at a time; that done well leads to the next.
Think on the above quote, and you will find that not a moment of your life will ever go to waste again. All your frustrations will dissolve, when you accept whatever you're doing NOW. You really enter into that activity. It may be the most mundane, boring task, like drinking a glass of water.
When you accept that act, it becomes the most important act of your life, and your mind settles down. A hitherto unknown kind of contentment enters your heart as you take each sip, savoring the sensation of coolness as it travels down your throat.
You realize there is no hurry, that this ordinary task is also an important moment in my life, in fact this is the most important moment now, and I can't do anything else now.
Isn't that a step towards yourself?
The original quote:
“Flow with whatever may happen and let your mind be free: Stay centered by accepting whatever you are doing. This is the ultimate.”- Chuang-tzu
What fascinated me was that at unexpected moments a brilliant quote would flash on the screen.
Two of those quotes from that game entered my life forever, I still contemplate their meaning. Let me share them with you:
The first one:
Center yourself by accepting whatever you're doing now.
We generally rush through life, focusing only on our so called 'important' moments and activities.
We are here to enjoy life, not to run through it in a frenzied rush. After all, we can only do one thing at a time; that done well leads to the next.
Think on the above quote, and you will find that not a moment of your life will ever go to waste again. All your frustrations will dissolve, when you accept whatever you're doing NOW. You really enter into that activity. It may be the most mundane, boring task, like drinking a glass of water.
When you accept that act, it becomes the most important act of your life, and your mind settles down. A hitherto unknown kind of contentment enters your heart as you take each sip, savoring the sensation of coolness as it travels down your throat.
You realize there is no hurry, that this ordinary task is also an important moment in my life, in fact this is the most important moment now, and I can't do anything else now.
Isn't that a step towards yourself?
The original quote:
“Flow with whatever may happen and let your mind be free: Stay centered by accepting whatever you are doing. This is the ultimate.”- Chuang-tzu
Tuesday, August 01, 2017
Monday, June 05, 2017
Better Listen To You Body To Survive: Why the Health Of The Average Indian Is Failing
Months back, while tasting an apple bought from a supermarket, I was repulsed by the noxious taste and odour of some chemical. I couldn't bring myself to eat it. Later I read that Formalin is mixed with Fruits to preserve them.
Lately, I got the same noxious taste and feeling while drinking tea made out of packed milk. It was a popular brand in Delhi. There was also a burning sensation in the stomach. One day, there was an unusually strong smell of Chlorine in the milk. I have been feeling uneasy after drinking tea nowadays, instead of the usual energetic feel. Something wasn't right, but I couldn't pinpoint it.
Interestingly, some days even the dogs wouldn't touch the milk.
The body has its own ways of warning us. If you have a foreboding gut feeling with a particular item, back off.
The worst fears were confirmed with this article: The Milk You drink may be laced with detergents.
A team of researchers from Maitreyi College led by Brototi Roy conducted this study. They collected 75 milk samples randomly from all over NCR (National Capital Region). Shockingly all 75 samples were contaminated with deadly chemicals.
The video below shows how 1 litre milk is made into 20-30 litres before being supplied to distributors' factories for packing.
Lately, I got the same noxious taste and feeling while drinking tea made out of packed milk. It was a popular brand in Delhi. There was also a burning sensation in the stomach. One day, there was an unusually strong smell of Chlorine in the milk. I have been feeling uneasy after drinking tea nowadays, instead of the usual energetic feel. Something wasn't right, but I couldn't pinpoint it.
Interestingly, some days even the dogs wouldn't touch the milk.
The body has its own ways of warning us. If you have a foreboding gut feeling with a particular item, back off.
The worst fears were confirmed with this article: The Milk You drink may be laced with detergents.
A team of researchers from Maitreyi College led by Brototi Roy conducted this study. They collected 75 milk samples randomly from all over NCR (National Capital Region). Shockingly all 75 samples were contaminated with deadly chemicals.
The video below shows how 1 litre milk is made into 20-30 litres before being supplied to distributors' factories for packing.
More revealing news on Milk:
https://propelsteps.wordpress.com/2013/09/07/alert-its-shampoo-we-drink-not-milk-shocking-reports/Wednesday, April 26, 2017
Saturday, April 22, 2017
Thursday, April 13, 2017
Wednesday, April 12, 2017
Monday, March 27, 2017
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