Karol Bagh market - enigmatic market place

Recently I visited karol bagh market in Delhi. It is one of the biggest market of Delhi & India in particular. Market place houses different trade items encompassing every sell able good existing in market.

A market place called Naiwala which particularly houses automobile spare part is the most biggest of its kind in India. It's a central hub where you can get your motor bike & car customized into your own dream machine. It is also one of the biggest market in delhi for second hand car sale-purchase.

I visited my brother's shop who deals in spare parts a noticed a very peculiar trend. Business is highly unorganized yet there existed an underlying systematic process. I was astonished to see the system of PARCHI- small chit of paper through which different whole sale dealer use to exchange goods with each other. The worth of goods exchanged varied between Rs 500 INR to Rs 10 lakh INR. PARCHI acts as a liaison; loss of small chit of paper can mean loss of lakhs of ruppees.

After this mind boggling observation , I decided to visit nook & corner of Karol bagh. My first stop was a tiki & samosa wala, an excellent product innovation.He added simple toppings like peas, paneer-cheese & some green sause & to my surprise ,al this in only Rs 5 INR with Bread samosa cut into four slices. Then after the spicy food I stopped at street hawker or reri wala who specialized in making fresh cookies. I remember it costed us only Rs 7 INR for 100 gm.

Wandering in streets of Karol Bagh , I could observe plenty of small business units at work equipped with people possessing brilliant innovative skills. My next stop was a famous veg pakoda shop. On the way to pakoda shop I stopped at a bakery where we ate cream roll offered at throw away price of Rs 6 INR. This particular bakery had displayed variety of sumptuous cakes & had a peculiar item named JAM ROLL - 10 INR. After consuming lots of calories we deliberately stopped at a sports shop. An Indian made bicycle caught my eyes which was priced at 3900 INR. Then we finally reached famous veg pakoda shop which had all variety of pakodas. I gave a second thought of eating pakodas as they were too oily.

Hey hang on ....eating spree didn't end here. I felt like I am food enthusiast & hosting a show like JAYKA INDIA KA..tasting not eating the variety of food articles.
A DAL MOTH hawker caught my eye, so I decided to let my taste buds be tangled by dal moth which costed 10 INR.

Karol bagh market was jam packed in evening ,scene was cacophonous.It reminded me of Macchi market though smell was not identical. We came back to my cousin's shop who offered piping hot coffee -which is slowly becoming an Indian tradition after you consume food.

With that I ended an informative trip to Karol Bagh market.

Tourism info -Travel websites

To avoid claims of plagiarism I declare source of article & links involved

www.realtravel.com

http://realtravel.com/haryana-journals-j6062613.html

Details of place

TikTikli Bottom - Haryana
Location: Haryana, India
Link of map :- http://www.tiklibottom.com/index.html

Farm tourism in punjab-Hoshiarpur

http://www.adventurehills.com/farm-tourism-punjab.html

Site which gives details regarding exotic locations of chhatisgarsh etc

This link gives information regarding adventure sport in india

http://www.adventurehills.com/adventure-sports-in-india.html
http://www.greengondwana.com/destinations.php

Village tourism destinations in details

http://www.indiatourism.com/village-tourism/index.html

Experience of visiting India by foreigners

http://realtravel.com/india-trips-i5988742.html

I'll come up with more information on tourism which is flourishing in India

Regards
Manish Sehgal

RISK BASICS

How much risk can you take?

Risk and returns are inversely correlated, barring rare occasions. Hence, knowing your appetite for risk is essential as your returns profile emerges from your risk profile. Your investments should be guided by the risk profile. A totally risk averse person is very conservative, does not want to losea penny regardless of how little his or her money earns. The compulsive risk taker is at the other end of the spectrum, willing to risk a huge amount of money on a risky bet, hoping to reap a windfall in the process.

Risk tolerance can also be measured by volatility. How much of volatility in an individual’s portfolio is acceptable. Apart from an individual's psychological makeup, various other factors also play a crucial role in determining one's comfort level with risk. Evaluate yourself against the following parameters :

Current income or net worth
If a significant portion of your current and future financial needs can be met by income from non-portfolio sources –like a job or maybe even an inheritance- you can take more risk with your investments. Likewise, higher your current net worth greater is the investing flexibility. In such cases, a portfolio may be geared to achieve capital appreciation through greater risk. When current income is insufficient, investors would want the portfolio to be focused towards generating income and preserving capital, rather than generate capital gains.

Age group
Age is a key factor in influencing comfort with risk, given a current income level or net worth. An investor's risk tolerance is expected to increase with income and wealth, but after a point, diminish with age. Check the life cycle investment approach, which uses age as a starting point for determining risk tolerance.

Time horizon
If your investing time frame is longer, you can choose a potentially more rewarding, even if riskier and less liquid investment. That can give you better capital appreciation. If you have a shorter time frame, you are better off with less risk investments, since losses are difficult to recover in a short period of time. For instance, a 30-year old investor has more time to recover from initial portfolio losses than an investor who is 58-years old and is nearing retirement. Hence, as the time horizon shrinks, more importance is attached to how the investments yield returns in the short term than in the longer run.

Occupation profile
Your occupation can also shape your risk appetite. A person who is more in his or her occupation, will be emboldened to take more risks without fearing for the future. The converse will be true for someone who is not very secure about his or her future. The nature of the profession too may have a role to play. A businessman for example may feel more comfortable with a higher degree of risk, since his main profession itself involves risk. A salaried employee may on the other hand be accustomed to a smaller degree of risk. There may be a contradiction visible here, that a businessman whose future is not very secure may be willing to take more risk too. This is a fact of life, whatever the occupation profile may be each individual’s psyche will determine his world view of things and in turn, his ability to manage risk.

Customer Delight 30 Nov,2007

It’s about small yet significant stories of customer delight which I experienced today.

Ist story

My bike pulsar 150 DTSi broke down on Monday 24th Nov, 2007. I contacted Mr Sudhir Kumar service advisor of Bike point- a service center of Castrol India. Two mechanics came to my office premises where bike was parked & told me the exact fault. I then ordered a new genuine chain set & a helmet lock through my brother. Today I again contacted Bike point; they immediately sent a service man to my premises who took bike.
Within two hours my bike got delivered to me & to my surprise I found it shining & upright like a new bride.
It added to my delight. Keeping customer at center of attention & refining your processes for his/her delight is a simple mantra to success. Thanks to bike point

IInd story

I have to attend my marriage of my cousin sister tomorrow on 1st December,2007. I have been running from pillar to post to get my favorite coat drycleaned. I googled for drycleaners located nearby my locality. I contacted city drycleaner based in Naya khand, Indirapuram who assured me that my coat will be dry-cleaned within a day. I held back idea of getting my coat drycleaned by guy as it was not situated in my immediate locality. Thus, I approached a nearby drycleaner who in spite of my cajoling didn’t agree. Then as wedding day approached, I again approached the city dry cleaner guy who attended me cordially. He assured me that my coat will be picked up & dry-cleaned but I will have to take delivery myself. But somehow, I got stuck in some urgent piece of work. I again approached guy & told my problem. Person very courteously assured me that he will deliver coat which he did before time.

I struck lucky second time as well. Thus,my day ended on a happy note.

Motto: Keep customer at center of attention & refine your processes accordingly for longer term success

Area of Immediate Interests

It's a great honor to overtly declare my recent area of Interests. I am keen on discovering business ideas, research that is required to start a new business venture & aspire to learn new technologies,architectures & platforms. My interests are as follows:-

1) Michael Porter 5 force model- detailed analytical tool of research. http://www.quickmba.com/strategy/porter.shtml

2)To invent Market research strategies,theories & tools especially to launch a new business venture

3) Web analytics : http://en.wikipedia.org/wiki/Web_analytics

4) To get acquainted with know-how of website development of small yet significant localities,communities & groups like www.indirapuram.com : http://en.wikipedia.org/wiki/Web_development

5)Google Analytics: https://www.google.cojavascript:void(0)
Publish Postm/analytics/

6) SOA : Service Oriented Arhitecture : http://en.wikipedia.org/wiki/Service-oriented_architecture

7) Google Adsense program

8) Research on Fortune 100 companies

9) To augment skills of testing

Learning is a continuous process of life.

Rohtak - a brief History

http://rohtaksubdivision.nic.in/PHONED.htm
Rohtak- the district derives its name from its headquarters' town Rohtak which is said to be a correction of Rohtashgarh,a name still applied to the ruined sites also called khokhrakot) of two older sites, one lying immediately north of the present town and other about 5 Kms.towards the east. Traditionally, it is named after Raja Rohtash in whose days city is said to have been built. It is also claimed that the town derives its name from the Roherra (Tacoma undulate) tree called Rohitaka in Sanskrit. It is said that before the town came into existance,it was the site of a forest of Rohitaka trees and hence ita name became Rohtak.Another version connects Rohtak with Rohitaka, which is mentioned in Mahabharata in connection with campaign of Nakula, the Pandva warrior. History of the district as an Administrative unit.

The areas of Rohtak district under went many changes, extending over hundreds of years before the administrative unit emerged in its present from. Under the Mughal Emperor Akbar, when his Minister Todar Mal divided North India into administrative circles, the areas of Rohtak(as a part of Suba of Delhi) fell within the Sarkars of Delhi and Hisar firuqa. Lying close to the imperial city of Delhi, the tract which now comprises the Rohtak district,was often granted in military Jagir by the Sultan and Mughal emperors to the Nobles of the court. For this reason Rajput, Brahman, Afgan,& Baluch chiefs have at different times enjoyed its revenues. On the death of Bahadur-Shah-I(1707-12),the successor of Aurangzeb, the Mugal empire began to decline rapidly. The areas of Rohtak frequently experienced a change of masters. The claims of Imperials were contested sometimes by the Rajputs,Jats & Sikhs and often by the Marathas. George Thomas, the protage of a Maratha leader, Appa Kandirao, established his authority at Hansi and extended it to Meham and Rohtak for a number of years, until Sindhia and various other regional forces combined to derive him away. Sindhia was, however, not destined to hold for long his conquests to the west of the Yamuna. By the treaty of Surjit Arjungaon, signed on Dec. 30,1803, the Rohtak area alongwith the other possessions of Sindhia situtated to the west of Yamuna passed to the British and came under the administration of the North-west provinces.

The British had no intention at that time to hold large territories beyound the Yamuna. Accordingly, a number of Chiefs and leaders who had done good military service against the Marathas or had at least remained neuthural, were settled in this tract to form a barrier of independent outposts between the British border and the Cis-Sutlej Sikh estates as well as the trans-sutlej rising kingdom of Ranjit Singh. Accordingly, the Jhajjar territory was given to Nawab Nijabat Ali Khan and the Baluch possessions at B.Garh to his brother, Nawab Ismail Khan. Gohana & Kharkhoda-Mandothi tehsils were given to Raja Bagh Singh of Jind & Bhai Lal Singh of Kaithal as life jagirs. The villages Lohari, Patudha and Kheri Sultan in the south east corner of Jhajjar tehsil were given as a seprate Jagir to Mohmad Khan son & Nawab Nijabat Ali Khan. The estates of Hassngarh, Kirhauli, Pyladgarh(Pehladpur) and Khurampur in Sampla area were also granted to him for life. Rohtak,Beri and Meham tehsils of the present distt. were given to the Nawab of Dujana who resigned the major portion of the gift in A.D.1809 because it was beyond his power to manage it

The formation of present Rohtak district began when the gift was abandoned by the Dujana Chief. The Gohana and Kharkhoda-Mandothi estates lapsed to the British Govt. after of the death of Bhai Lal Singh in A.D.1818 and Bhagh Singh in 1820. When the Hissar district was created in the latter year, the Beri and Meham-Bhiwani tehsils were included in Hisar and the other portions of the present northern tehsils in Panipat. In 1824 the Rohtak distt. was formed as a separate unit consisting of Gohana, Kharkhoda-Mandothi, Rohtak, Beri and Meham -Bhiwani tehsils. The Bahadurgarh territory formed its estern and Jhajjar its southern boundary. Until A.D.1832, the whole area, including Rohtak, was under the resident of Delhi, but when in that year it was brought under the same regulations as the rest of North indian, the resident became commissioner. The Distt. Was abolished in A.D. 1841 Gohana going to Panipat and rest of tehsil to Delhi but in the very next year it was created again. Two Distt. of Rohtak and Jhajjar together with rest of Delhi and Hisar divisions were detached from North-western provinces after 1857 and passed to the Punjab by the Govt. of India on 13th April ,1858. The Rohtak distt. remained a part of the Hisar division until 1884.

After its transfer to the Punjab , the Rohtak Distt. Experienced several changes before assuming its present form. Bahadurgarh estate was added to the Sampla tehsil, five detached village to the east, going to Delhi. Jhajjar including some areas of Narnaul, Kanaudh and Dahari was at first created as a new distt. but was abolished shorthly afterwards in 1860, when large parts of it were assigned to the phulkian chief as a rewards for their loyal services. While the Jhajjar tehsil itself was added to Rohtak several Badali villages were transferred either to Delhi or Gurgoan and two detached Jhajjar estates were given to the Raja of Jind. In the following year , The Meham tehsil was abolished and after making necessary territorial adjustments in favor of Hisar and Delhi, the rest of the area was added to Rohtak tehsil. All these changer were completed by 1st July, 1861.

On the abolition of Hisar Division in 1884, the Rohtak Distt. Was transferred to Delhi division. It consisted of four tehsils-Rohtak, Gohana, Jhajjar & Sampla, But in April, 1910, Sampla tehsil was abolised for reasons of administrative economy and its area was divided between the Rohtak and Jhajjar tehsils which had reminded attached to the Delhi distt. since the year 1861 and was added to the Rohtak distt. in sept,1912,on the seperation of Delhi Territory from the Punjab. The distt. Was then attached to Ambala division .In 1948,Dujana state was merged in Jhajjar tehsil and a new sub-tehsil of Nahar was created.

Thus, Rohtak distt. was given a shape with four Tehsils i.e. Rohtak, Sonipat, Jhajjar & Gohana with Nahar & Meham as sub-tehsil of Jhajjar and Gohana tehsils respectively. Tehsil of B.Garh was created in 1973 from Jhajjar tehsil. In 1973 Meham sub-tehsil was upgraded as tehsil .Sonipat tehsil was created by bifurcating Rohtak distt, and Gohana and Sonipat tehsils were allotted to Sonipat district. One more tehsil ,Kosli was created out of Jhajjar tehsil and Nahar sub-tehsil was abolised and the bifurcated Rohtak distt., compresed of five tehsils, namely Rohtak, B.garh ,Jhajjar, Meham and kosli and one sub-tehsil M.hail was also created. In Nov.,1989 reorganization of distt. took place and Gohana tehsil was again attached with Rohtak distt. Of Rewari. Three sub-tehsils of Badli ,M.hail and Beri were created again in July ,92,Gohana tehsil was again transferred to Sonipat distt. and Badli sub-tehsil was abolished later on.

In July ,97,Jhajjar district was created after bifurcating Rohtak district into Rohtak and Jhajjar districts and the present Rohtak District consists of Rohtak and Meham Tehsils, while Jhajjar & B.garh tehsils are in Jhajjar Distt. The present set up of Rohtak dirstrict is as under:-

Distt.	Sub Divn.	Sub Tehsil	Tehsil
Rohtak	(1) Rohtak	Sampla	1. Rohtak
	(2) Meham		2. Meham

Block	Panchayats	Villages
Rohtak	55	57
Lakhan Majra	13	13
Meham	34	24
Kalanaur	24	28
Sampla	25	24
Total	151	146

Faith & Crisis-a frontline piece

A recent article in Frontline extensively dealt with ground realities of Punjab’s regional sects or deras. There are many dera’s which have been in sync with Punjab’s history.

Reporter succinctly pointed out primary difference between mainstream Sikhism & sub-sects in form of “living god” concept.Deras have one leader & Sikhs have only one accepted guru i.e Granth Sahib

Tenth Guru conveyed that after him there’ll be no living guru. It was after 1870s, after the Singh Sabha movement gathered steam, Granth sahib is followed as sole Guru, whereas different Deras like Namdhari,Nirankari,Radhasaomi have a head called baba or guru, usually they have a huge following.

Reporter made a point that people go to deras mainly for the sense of community and belonging they provide; there is very little discrimination on bases of caste or creed. These deras are socially very active. They have large no of schools, hospitals & many more institutions which focus on community service.

Deras can be classified as orthodox or heterodox. Orthodox deras pose real threat to Sikh sentiments. There have been many incidents whereas one dera was found to be preaching granth sahib with it’s leafs unattached which was perceived as derogatory by Sikhs. Recent event of Dera Sacha Sauda’s Guru Ram Rahim donning in clothes of Guru Gobind Singh sent tremors amongst Sikhs which caused unrest in region.

These sects continue to flourish because they help people eradicate social evils like poverty, getting rid of bad habits like smoking, drinking etc whereas they don’t discriminate on bases of caste which is a rampant problem in region.

Deras should be extra cautious while respecting Sikh sentiments & yet continue to serving the society.

How RBI contols Money Supply?

People would be wondering what exactly is role of RBI.

RBI (Reserve Bank of India) is central bank of India which was setup with following objectives:
-To formulate, implement and monitor the monetary policy.
-To maintain price stability and ensuring adequate flow of credit to productive sectors.
For more information on RBI: http://en.wikipedia.org/wiki/Reserve_Bank_of_India

Ques--What are main instruments to control money supply?

Ans--Repo Rate, Reverse Repo Rate, Bank Rate & the Cash Reserve Ratio( CRR)

The Repo Rate: This is the rate at which RBI releases funds into system. It was 6 percent in 2004 but is now at 7.75 per cent

Reverse Repo Rate: This is the rate at which RBI sucks out excess liquidity from the system.

Bank Rate: This is the rate at which RBI lends money to banks. It is currently at 6 per cent.

CRR: This represents the percentage of deposits that every bank has to keep with the RBI. The RBI pays interest on CRR balances and the increases or decreases CRR when it wants to drain or ease liquidity in the economy. The CRR is now at 6.5 percent.

SLR: Statutory Liquidity Ratio is the percentage of deposits that banks have to deploy in government securities and works in the same way as CRR. It is now at 25 percent and has not been changed for a decade.