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