charankanya on April 9th, 2009

I drop my kids off at school each morning.  I drop them to the gate and walk back to my car.  I see the same parents every morning who come to drop off their children.  When I make eye-contact, I smile at them….and no one smiles back.  In fact, most hastily avert their gaze, or […]

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charankanya on April 6th, 2009

Soccernova runs an excellent program for teaching soccer to children.  Soccernova follows the international curriculum of Brazilian Soccer Schools. Their coaches are very well trained.  I have found it very rare to find such an excellent, dedicated, well organized sports curriculum in Pune.  The coaches really know their stuff, and know how to impart it to kids.  […]

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charankanya on March 18th, 2009

A friend’s maid is beaten up by her drunk husband…yet again.   How can we help stop this?  Most people say don’t get directly involved, or her family can be targeted.  So, what next? We helplessly watch a woman being battered?  Does anyone know how she can be helped?  Are there any shelters for battered women in […]

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charankanya on March 18th, 2009

Restaurant: Ccasanova Cuisine: Italian Cost: Expensive Location: Kalyaninagar, Pune. Contact Info: +91 20 2660 8888 Pros: Very nice decor.  Great ambience.  Good food.  I would recommend the Tomato soup.  The Minestrone Soup is good, but it would be more apt to call it “French Beans and Vegetable Soup”.  The Pizzas are quite good, and so […]

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charankanya on November 10th, 2008

There will probably be some local mom-&-pop DVD/CD rental shop which will rent out the latest movies to you.  The problem with most of them is that the prints are pirated, and very often not of good quality.  The other issue with them is that since the DVD’s are pirated, they do not maintain a […]

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charankanya on November 3rd, 2008

During Diwali vacation we visited Mumbai with the goal to do some touristy things.  After much research, we found some places that are rather nice and very enjoyable. 1. Elephanta Caves: It’s about a 45 minute ferry ride from the Gateway of India.   It’s a definite must go place.  The caves were very clean and […]

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charankanya on October 7th, 2008

Sunday October 19: ‘Celebrations‘ – A Diwali Program (A Poona Music Society Event) An Indian dance event performed by Revanta Sarabhai, grandson of Mrinalini Sarabhai, son of Mallika Sarabhai. Time: 7:00 pm Location: Ishanya, Amphitheatre, Opp. Poona Golf Course, Airport Road. Tickets: Members of Poona Music Society: Rs. 200, Public: Rs. 250 Available from October 9th at: Oceanic […]

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anand on September 23rd, 2008

Having got used to the simplicity of brokerage accounts in the US, it took me some time to get a handle on how the brokerage accounts are structured and setup in India. Once you ‘get’ it, its not complicated – just painfully fragmented. However, there is typically no simple description that helps you ‘get’ it – so you’ve to play 20 questions and reverse engineer an understanding that works. Here’s what I have learned:

To invest and trade in stocks, you need :

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anand on September 22nd, 2008

In an unexpected change, against the common expectations, Obama and McCain seem to be in a statistical dead heat. All votes are going to be important (remember the 600 chads of Florida that determined the election 8 years ago?). All the more reason that US citizens who are out of the country in November should register to vote by absentee ballot.

There is a relatively simple procedure to register to obtain and vote through an absentee ballot.
The Federal Voter Assistance Program website has the comprehensive instructions and forms that allow you to register for voting and request an absentee ballot.

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anand on September 17th, 2008

The recent events in the US financial markets have lead to a sharp downturn in India’s markets too. Additionally, with the dollar strengthening against the rupee, the purchase power of the dollar has gone up significantly over the past three-four weeks. These two events, individually but more so coupled together, make considering investments in India very attractive.

Investments in the Indian stock markets has some great advantages. I am often surprised that expats, NRIs and others do not always realize some of the subtle advantages. Beyond being a hot growth area for the past few years (30-40% returns have been the common for a lot of mutual funds), the subtle advantages are on the tax treatment for these invesments. In this note, I’m just focusing on this tax treatment.

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