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ConferenceCall This is India !

When Luggage Sales depend on Marriages

Source: Mohit Ajmera

Only in India !!

From VIP Industries ConCall Q1 2017

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This is India !

Justice in Bihar

This snippet belongs to This is India ! series

Source:Rishi Bagree

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Excerpts This is India !

God opens a demat account

Balaji, the world’s richest god at Tirupati, has now opened a demat account to enable devotees to donate shares and securities, after finding it a tedious task to get physical share certificates dropped in Hundi transferred on his name.

Considered the first globally for a shrine management, Tirumala Tirupati Devasthanams (TTD) has opened demat account (1601010000384828) with the Stock Holding Corporation of India.

PS Reddy, MD and CEO of Central Depositories Service (CDSL), told ET that the innovative move by TTD was primarily aimed at addressing the hassles pertaining to transferring the physical share certificates. “TTD has been receiving physical share certificates as donations by devotees in its open Hundi, which indicates that devotees are interested in donating shares. –from ET
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This is India !

SBI wrongly credits woman Rs.95,700 Crores !!

A WOMAN earning Rs 3,000 per month became the richest person in the world due to a technical error. However, Urmila Yadav’s happiness was shortlived as the bank froze her account till further notification.

During a visit to her State Bank of India branch in Kanpur on July 24, she was informed by a clerk that Rs 95,700 crore had been transferred to her account on July 21. Panic struck bank officials as the news spread.

Her happiness was short lived as her account has been frozen till further notification. A native of a small village of Kanpur district, Urmila went to the UPSIDC branch of the State Bank of India on July 24 to get her pass book updated.

She had Rs.3000 in her account and after getting her account updated, she could not read the amount.”It was a 17 digit amount and failing to read it, I again went to the clerk and he informed me that I have Rs 95,700 Crore in my account”, a bewildered Urmila said.

The amount deposited by the bank in her account was estimated to be Rs 95,711,69,86,47,130.14.

The amount was credited in her account on July 21. “I was also informed by the bank that since I have not filed my KYC(Know your customer),  my withdrawal limit has been fixed to Rs.9.99 Lakhs”, she said.

It is to be mentioned that Urmila’s riches’ were more than those of Bill Gates, Mukesh Ambaniand Laxmi Niwas Mittal brought together.However, as the news spread, panic struck senior bank officials who started finding out the error.

“The main server of the bank is in Mumbai and it is a technical error. We have informed the matter to the head office and the amount will soon be reverted”, Rajendra Awasthi, a senior official of the bank said.  

-from Yahoo India

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Gold This is India !

Gold Dosa

Source:Asan Ideas for Wealth