“Open eyed meditations” by Shubha Vilas



(Disclosure:- I received a complimentary copy of the book from blog adda  for review. I am a big fan of the author. So, my comments will be positively biased to the works of the author)

There are a lot of self-help books. But, “Open eyed meditations” by Shubha Vilas (author of the best-selling Ramayana – The game of life series) book stands unique and tall in this genre. The author has very meticulously and logically connected the stories of the past (from Ramayana and Mahabharata) to answer the needs of our current life situations. This book is all about reading about some life situations and thinking about them “open-eyed” and “open-minded”.

The author tries to address the needs/problems of individuals as well as corporate/social groups (especially, when he talks about topics like leadership) by taking us through some incidents from Indian epics.

The book is divided into 64 chapters. Each of the chapter addresses at least one aspect or dimension of “how we live our life” and the kind of rat race we are in I would recommend that this book should not be read like a novel at one go. Browse through the index, check for the chapter heading that you find is relevant for your situation and read through it. Take time to chew and digest it (Better try to practice the learnings during the day). Then you may move on to your next chapter. This way of reading through this book can become a great experience. This book is not for just a onetime read, but the book that you would want to keep referring back time ad again.

The book also brings to light that we often forget the very purpose of life and keep running after some illusionary goal (The golden deer!).
My favorite chapters (top 10) from the book, they are not necessarily in any particular order.
1.     Why don’t I make the right decisions in life
2.     Spirituality @ workplace
3.     Can your talent be your enemy?
4.     Has Ravana really gone?
5.     Are you angry against anger?
6.     How to deal with provocations?
7.     Leading without a title
8.     Do “likes” make my life?
9.     The science of how to let go
10.  Are you scared to be “offline”?


My favorite paragraph from the book –“In the bhagavata and Mahabharata, krishna was a leader with no title. Being a cowherd was no title, nor was being a driver. Krishna had no title either in Vrindavan, Mathura or Hasthinapura, three places that He revolutionized with His leadership.In vrindavan, though Nanda was the king, everyone was naturally drawn to Krishna for advice and help during calamities. In Mathura, though He killed Kamsa, He allowed Ugrasena to retain the title of king and remained his advisor. In Hastinapura, He took a vow not to lift a weapon during the battle and act as a driver of Arjuna. That vow indicated that Krishna preferred tittle-less leadership. He showed the world that you don’t need weapons (facilities) and positions to lead.”

The author keeps the readers interest intact through the book by keeping the chapters short, crisp and simple. “Open-eyed meditations” is a book that can cater to readers of all ages. I will strongly recommend this book for everyone to read.



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"Agniputr" by Vadhan- Book review

Disclosure:- Complimentary copy of the book was received from the author for review

What happens when you mix tantric mysticism with concepts from quantum physics? What happens when you try to tie a mystery that is a few centuries old with latest technology of modern times? Can every mystery be scientifically explained.

" Agniputr" by  Vadhan broadly dwells on these areas. The first few chapters of the fiction moves back and forth in time and also in geography. 

The core focal point of the story comes to the fore when SRK is introduced. When you start thinking that SRK is the hero of the novel, there is a sudden twist. Now, we meet the real heroine of the book  ( SRK's female boss). Initially the character comes across one that is too boring and uninteresting.

But when the heroine meets the real hero from Andhra (Royal "Surya"), the story switches to top gear. The secret behind the burial ground, the "sutram" becomes the core of action. The politician from Rajasthan also enters the scene. 

Teams are split between the CSIR officer, Royal lineage vs the power hungry politician guided by the tantric. Both of the sides fight out their best. one tries to stop the "Sutram" from harming the world while the other wants to get "unlimited power" from it. The story also has an element of surprise after the action is over in Andra pradesh! Read the book to know more...

Vadhan vividly presents before the readers different flavours of India very diligently ( From Rajasthan to Haryana to Telengana/Andra). Along with the core mystery element, quantum physics, etc, Vadhan also brings in elements of law ( given his background) into the story line. Overall , this novel is definitely a page turner. You really cant wait for the next riddle to unlock,the novel keeps your interest going till the end.

A good attempt to mix science and superstition with suspense.

#NPS Tier-2 account- Ambiguity on #tax treatment at the time of withdrawal of funds

Recently saw an article of Value research online about ," how one should use Tier- 2 account" of NPS as an alternate to mutual funds. 

While NPS is definitely a low-cost product, there is lot of ambiguity over taxation rules at the time of withdrawal.

For those who are not aware, NPS Tier-2 is an optional account over tier-1 which has no withdrawal restrictions like tier-1.
For investment allocation in tier -2, you can choose your investments to be in active choice mode or auto choice mode to be split across across Equity, Corporate bonds and Government bonds. (NPS Booklet)

Articles from the web on tax treatment at the time of withdrawal  of funds from Tier-2 account.
  1. Tax Treatment of Tier II Account is similar to that of Debt Mutual Fund: On taxation front, as per the views from various CAs and tax consultants, the tax treatment on proceeds from Tier II NPS account would be similar to debt mutual funds. Indexation benefits can be availed of. (source)
  2. Valueresearch article says, the taxation is the same as any other fixed income or debt alternative.
  3. Tax angle from Mint  A crucial difference between the two accounts is the tax treatment. Says Rani S. Nair, executive director, PFRDA: “Since Tier II does not have any lock-in period, it does not qualify for a tax deduction under section 80C.” However, right now, the pension regulator is divided on the tax treatment of the amount withdrawn. Says Nair: “We are yet to hear from the tax department on the tax implications.” Going by the product structure, withdrawals will attract capital gains tax. Withdrawals before one year will attract short-term capital gains that is taxed at the marginal rate (the highest tax rate on your income slab). For withdrawals after one year, you will have to pay long-term capital gains—10% for debt funds and nil for equity funds.
Some articles talk about
  • Treatment of the whole amount as "debt"- while others talk  about 
  • Separate tax treatment for withdrawal from equity and debt portion of tier-2 account. ( Tier 2 withdrawal request online on CRA NSDL provides the option of  lump sum or scheme wise withdrawal- so you can actually withdraw from Equity or Corporate or Government units specifically)
So, as another article says
The problem is the ambiguity over taxation. "There is no clarity on tax treatment of Tier II NPS returns. It is very subjective and different people have different views on the matter.
So, Lets keep our fingers crossed till any formal judgment is out. Please leave a comment ,if you have any valid input.





@shubhavilas "Stolen Hope" - Book review #Ramayana

"Stolen Hope" is the third book in the series of "The Game of Life".

After the first two wonderful books from the author in this series, this  third book also doesn't disappoint. The story pertaining to "Aranya Kanda" is well presented by the author.

The story in this book starts from Dankaranya forest and ends with Rama searching for  a suitable friend to find his "inseparable" consort Sita.

I got  a lot of information about various maharishis and history of places like Dandakaranya from this book. I dont remember to have read such details in other versions of Ramayana previously..

While presenting the story line in a lucid manner, the author has not only come out with lessons for life as usual but also brings out the concepts of Srivaishnavism/ Vishishtadvaita philosophy in a crystal clear way.

Examples:-

The author highlights very clearly
1.  Rama doesn't kill any one in Sita's presence because she is passion personified . ( This brings out the Karunya of "Sri").
2.  Lakshmana is offered the freedom to choose a place of residence at panchavati ( independence) by Rama . Lakshmana renounces any kind of independence and expresses that he is an eternal servant of Rama ( Seshatva) and he does things only as per his masters' wish.

The story, lessons for life and philosophy are presented so lucidly and simply- which makes this book a must read for all categories of readers. 

Jatayu not only occupies the cover page of the book but also ends up occupying your heart after you read the book.

Also, the chapter  titled "Lakshmana's diary" - deviates from the standard way of story telling of the book and puts out the proceedings through Lakshmana's heart- ( Good attempt by the author..Please read the book to know more:-))

The best learning for me from the book - " Every body has a golden deer in life " :-). so, BEWARE OF THE GOLDEN DEER!

Disclosure:- After reading the previous books , I have become an ardent fan of the author. I was super excited to receive a signed copy of  book from the author.!. 

Chennai real estate bubble has burst

This statement may be applicable to all of the metros in Chennai, but more specific to Chennai real estate-
More than first world prices quoted for worse than fourth world infrastructure!

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The following is my short take on the current Chennai real estate scenario.

At the outset, if you make web enquiries or talk to a broker you may get a feel that the prices have not gone down. But the reality is different.Look at the following stories that I know of

1. Many apartments launched on the OMR almost /. 7 years ago are still not fully sold and they are not fully complete in terms of construction either ( in terms of the amenities promised).The prices quoted are almost 50% down if you adjust for inflation.

2. In a building that I know in Adyar, a new 2 BHK apartment (1100 sqft) is quoted at 1.8 crores for almost a year now. The rental yield for this price is 1.5% at the max. There is a big garbage dumping place and a sewage stream within smelling distance of this apartment. 4 of the 6 flats in this building are waiting for sale for more than a year now. ( For this price you may actually find apartments in New York, Singapore, Malaysia, Dubai or even some European countries!)

3.One of my friends who bought an apartment in the city for 51 lakhs ( 5 years ago) wanted to sell his apartment for 90 lakhs. Finally he had to settle in for 65 lakhs and he was lucky enough. This apartment was flooded till the first floor during the Chennai floods. After the floods, the price could have gone down further.

4.A suburb which was flooded ( built in a lake bed) like hell is seeing exodus of tenants while the owners are left with their house along with huge mortgage payments for the next 10, 15 years.

5. Couple of my friends are frustrated as the possession dates of their apartments have been pushed indefinitely ( from 2014->2015-> 2016 now)

2015 has seen the beginning of the down fall.With state elections coming up in 2016, a lot of money locked by politicians need to be taken out.This might also pull down the prices further.

The reality will get more apparent to all  in 2016! 





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