This Man donated every Rupee he EARNED to the poor ….

What began as a challenge ended up a way of life for ‘Paalam’ Kalyanasundaram, whom the UN adjudged one of the most outstanding people of the 20th century.
This is the story of his inspiring journey, as told to Shobha Warrier/Rediff.com

Paalam Kalyanasundaram

IMAGE: The extraordinary Paalam Kalyanasundaram. Photograph: Sreeram Selvaraj

 

Thin, frail, clad in a dull white dhoti and sleeveless vest, ‘Paalam’ Kalyanasundaramlooks older than his 75 years. Though born into a wealthy agricultural family where he was surrounded by abundance, his possessions today are a couple of dhotis and shirts and a small black bag that he carries everywhere.

He doesn’t have a house of his own, but the doors of many homes in Chennai, including that of superstar Rajinikanth, are open to him.

He never married because he did not meet a person like Sarada Devi, Ramakrishna Paramhansa’s wife. yet, hundreds of children are willing to take care of him.

I meet this extraordinary human being in a tiny one room house in a slum. He is like a grandfather to the young girl who lost her father to cancer a few years ago. She eats with him, runs errands for him, travels with him and takes care of him more than he takes care of her. He has many such grandchildren.

As we speak, a young man walks in. A driver from the interiors of Tamil Nadu, he had come hearing of Paalam’s large heart and wanted to help by driving him around. A man like Paalam, he says, should not travel in autos and buses.

This is the kind of unconditional love people have for him.

Paalam worked as a librarian in a college for 35 years and donated every paisa he earned as salary to charity. To meet his needs, he worked as a waiter in a small hotel after college hours. He also gave away his entire pension to the poor.

He had won many awards including the best librarian award from the Government of India. The International Biographical Centre, Cambridge, honoured him as one of the ‘noblest of the world.’ The United Nations adjudged him one of the most outstanding people of the 20th century.

The Man of the Millennium award from an American organisation gave him Rs 30 crore (Rs 300 million) along with the award. He donated the entire amount to the poor.

Today he runs the organisation Paalam (bridge), which works as a bridge between donors and the needy. “I do not earn any money now, so I can only act as a bridge,” he says.

It may be hard to believe that a man like Paalam Kalyanasundaram lives on this planet, but he does, and here is his story.

Childhood in a village

You will realise how backward my village, Melakarivelamkulam in Tirunelveli district, was when I say that there were only 35 houses. We had no road, no electricity, no primary school or even a tiny shop to buy a match box!

Till I reached high school, we only used kerosene lamps at home.

It was only when I came to Madras for my post-school education that I saw, for the first time in my life, a train, a cinema theatre, big shops and even electricity.

I lost my father, a rich landlord, when I was 10 months old. I was brought up by my mother and maternal grandmother. My biggest life lesson came from my illiterate mother.

Before she got married, my grandmother ran a small idli shop in her village and my mother and her sister worked as servers. My father, a rich agriculturist, used to visit the village to sell his farm products. As this was the only idli shop there, he was a regular visitor.

A 45-year-old widower, he would leave his two small children at the idli shop while he completed his work. When he found that my mother lovingly looked after them, he wanted to marry her. My mother had two conditions — that her mother would stay with them and he had to bear the expenses of her younger sister’s wedding.

He agreed and they were married.

My elder brother was born when my father was 50, I was born 11 years later. Within a year, my father passed away.

Kalyanasundaram's mother urged him to share his snacks with others.

IMAGE: Kalyanasundaram’s mother urged him to share his meals with others (Image used for representational purposes only). Photograph: Mansi Thapliyal/Reuters

When my brother and I were young, she would tell us, ‘Even if you have all the money in the world, you will not be happy. To attain happiness, you should not be greedy. You should donate one tenth of whatever you have to the needy. You should help a living being — human or animal — every day. If you follow these three things, you will be happy.’

My life was not shaped by what I learnt in school or college, it was shaped by my illiterate mother’s thoughts.

Every morning, when my brother and I got ready to go to school, my mother would pack either 10 biscuits or 10 murukku (a savoury snack) or 10 chocolates and tell us, ‘Before you start eating, you should give one to somebody else. Without doing that, you should not eat anything. It can be a beggar or a dog or even your friend.’

One day, the snack she gave me was a delicious sweet. I couldn’t control my desire, I ate all 10 myself. In the evening, I asked her for some more after confessing I hadn’t shared any earlier since it was so tempting. She was so angry and disappointed; she slapped me hard and said she would have made more if I had shared it with someone.

A challenge, and a saviour

When we became teenagers, the voice of all my friends cracked, but mine didn’t. My classmates would constantly tease me about my shrieky, feminine, voice.

It disturbed me to such an extent that I wanted to commit suicide.

Depressed beyond words, I went to meet a Tamil writer who was my hero and told him I was fed up living a boy’s life with a girl’s voice. I was 16. He was shocked. He took me to a hotel and ordered some food.

Later, he spoke to me for two hours. ‘How Kalyanasundaram speaks is not what makes your life,’ he said. ‘What society speaks about Kalyanasundaram is what matters. You should live such a life that people speak highly about you and your life.’

I have not forgotten his words.

Prime Minister Jawaharlal Nehru addresses a public meeting in New Delhi during the 1962 war with China.

IMAGE: Prime Minister Jawaharlal Nehru addresses a meeting in New Delhi during the 1962 war with China. Photograph: Terry Fincher/Express/Getty Images

 

A war and a challenge

In 1962, when the India-China war started, Prime Minister Jawaharlal Nehru urged all citizens to donate to the war fund. I was a student of library science at Madras University.

I didn’t have any money, so I immediately took the gold chain I was wearing and donated it to the Prime Minister’s Fund.

When Kamaraj (the then chief minister of Tamil Nadu) came to know of this, he arranged a meeting at Marina Beach (in Chennai) on May 1, 1963. When he complimented my donation as a great social service, I said I had done it for my own satisfaction and happiness.

A newspaper editor asked, ‘Till now, you have been donating what your mother and grandmother gave you, not what you earned. When you start working, can you donate your entire salary for at least five years?’ Taking it as a challenge, I agreed.

When I was in school, I wanted to see all the other children there as well. But most of my friends from the village could not afford the fees. So, after I turned 14, I gave free tuition to the village children. I felt it was unfair that I could study because I belonged to a rich family and my friends could not because their parents were poor.

Keeping a promise, and more

I am a gold medallist in library science and have master’s degrees in Tamil literature and history. After my studies, I decided to work as a librarian at the Kumarkurupara Arts College at Srivaikuntam near Thanjavur.

At that time, our family income from agriculture was around Rs 2 or 3 lakhs (Rs 200,000 to Rs 300,000). I remembered what I told the newspaper editor. I knew I could donate my salary of Rs 140 and live on the family income.

But what is so great about giving away Rs 140 for charity when your family income is in lakhs? It becomes great only when that Rs 140 is all you have.

When serving became a tribute

After donating my entire salary, I chose not to take any money from my family. To take care of my basic needs, I worked in a restaurant in a small town away from my college.

After college, from 5 pm to 7 pm, I worked as an honorary professor teaching students Gandhian studies. From 8 pm to 11 pm, I worked as a waiter.

Though the owner asked me to work as a manager or a cashier, I wanted to work as a waiter as my mother was one when she was young. I didn’t consider it demeaning even though I was the chief librarian of a college.

The hotel paid me Rs 600 as salary. I was also given free food.

Slowly, people came to know that I worked in a college and the restaurant came to be known as the one where a college teacher worked as a server! Many people would come there just to see me.

Even today, people point out the restaurant and say this was where a college professor worked as a server.

In rural India, many of the poorer children may not have access to education (Image used for representational purposes only).

IMAGE: In rural India, many poor children do not have access to education (Image used for representational purposes only). Photograph: Parivartan Sharma/Reuters

 

The joy of giving

After giving away my salary for five years, I thought why not donate my entire salary for another 10 years and prove the editor wrong?

After 10 years, I realised I felt good using my money to educate poor children. I continued to donate my entire salary till my retirement, that is, for 35 years.

Nobody knew what I was doing till 1990. It remained a secret as I didn’t want to publicise what I was doing.

When our pay scale changed to what the UGC (University Grants Commission) prescribed, everyone got huge arrears. I also got Rs 120,000.

I met the district collector and asked him to keep the money in a trust to be used as scholarships for the education of orphaned children. He asked if I had any conditions. I said I wanted members from all communities who were involved in charity work to be on the trust so that the scholarships would be used properly even after my death.

When he wanted to arrange a public meeting to appreciate my gesture, I told him I didn’t want anyone else to know about it. He agreed, but, without my knowledge, sent this information to newspapers, agencies and radio stations. It was flashed all over India. His reasoning was that he wanted more people to follow what I did.

That’s how, after April 16, 1990, people came to know of a person called Kalyanasundaram.

A sacrifice, happily made

I knew that if I got married, I would not be able to donate my entire salary. So I decided to remain a bachelor.

If I had met a person like Sarada Devi, who was the perfect wife to Ramakrishna Paramahamsa, I would have got married.

A superstar for a son

After I gave my entire pension, gratuity and provident fund to the poor, the United Nations named me one of the Outstanding People of the 20th Century.

An American organisation honoured me with the ‘Man of the Millennium’ award, which included Rs 30 crore. I distributed the entire amount to the needy.

When Rajinikanth came to know of this, he organised a meeting at the Kamarajar Arangam and gave me money and 101 sovereigns. There itself, I gave away the money and 101 sovereigns to 101 needy children.

On seeing this, he adopted me as his father and wanted me to stay with him. But I couldn’t stay with him for more than a month as I found that life quite stifling.

I like to lead an anonymous, simple and independent life which I didn’t get while staying at his place. He respected my wishes and let me go, saying the doors of his house would always be open for me.

Paalam Kalyanasundaram

IMAGE: The man who became a bridge — Paalam Kalyanasundaram. Photograph: Sreeram Selvaraj

 

A much needed bridge

After my retirement in 1998, I decided to return to my village, but Nalli Kuppuswami Chettiar (the well-known textile industrialist and philanthropist) asked me stay back in Chennai and work for the poor.

I didn’t have a single penny — no salary, no savings. He promised to take care of my needs and the expenses of an office. Even today, he takes care of everything.

Now that I don’t earn any money, I decided to be a paalam (bridge) between the needy and the donors. That is how people started calling me Paalam Kalyanasundaram.

Source…Shobha Warrier in http://www.rediff.com

Natarajan

Anand Prakash saved a billion of Facebook users……

People think I do this for money, but I don’t. I do it because I value data privacy, says Anand Prakash.
Throwing a backpack casually over a table in a coffee house, Anand Prakash is completely in sync with his new-found popularity. “Ask me your questions,” says the 22-year-old who agrees that he is getting used to interviews.
Bengaluru-based Prakash’s name attracted attention after his blog post started seeing traction. Prakash wrote about how he had found a “simple vulnerability” on Facebook, for which the networking portal gave him a bounty of $15,000.
But this wasn’t the first time that Prakash, a security engineer at Flipkart, was rewarded for finding a bug. He has spotted 90 bugs for Facebook alone and about 30 for Twitter. Those who have given him bounties in the past for reporting security vulnerabilities include global web giants such as Google, Red Hat, Dropbox, Adobe, eBay and PayPal.
What was alarming about this particular bug was that it instantly allowed Prakash access to accounts of the billion users Facebook has — credit and debit card details, personal photos and more. Prakash’s friend and colleague Ankur Bhargava, also a security analyst, explains that Prakash got the bounty not for the bug itself, but because of the severe consequences that it could have.
“If this bug was sold in the grey market where hackers could have exploited it, Anand could have easily made millions of dollars,” says Bhargava. “He could have earned easy money, but he chose not to and waited till Facebook fixed the bug before making the bug public.” Similarly, when Prakash found a bug on Zomato and had access to all of its user accounts, he reported it straight to Zomato. There was no bounty for this one.
“People think I do this for money, but I don’t. I do it because I value data privacy,” says Prakash. His parents, back home in Rajasthan,

do not understand his work, but just know he has grown to spend a lot of time with computers now.

Once an intern with the cyber crime cell of the Gurgaon police, Prakash recalls seeing young girls walking into the police station to report harassment. “It was so disturbing to see them in tears. The main issue was of their private data being leaked. It was all happening in real time and I realised the importance of data security measures,” he says.
Prakash’s interest in website security dates back to pre-Facebook days in India, the days when Orkut was all the rage. “A friend bet that I couldn’t hack into his account; I didn’t even know how these things worked, so I just started looking things up,” he says. He went on to win the bet.
“Anand has found a lot of cool bugs on different websites; it’s his perspective and attitude towards things that makes him stand out against the rest. Hacking is a technique, but how you break things down and the way you think about it also matters,” says Bhargava.
Prakash doesn’t check in on Facebook, no matter where he goes, has no (private) messages online, or even a display picture on WhatsApp — Prakash is solely on social media to find and fix security vulnerabilities. “I never store my card details online, either — it’s just not safe,” he says.
In the days to come, Prakash has the tough task of sifting through his social media accounts. The morning after he first blogged about finding this particular bug, he had 500 new followers on Twitter and had hundreds of messages waiting for him on Facebook. Most of these were requests from those who wanted Prakash to hack into their girlfriends’ accounts.
Happy to be at Flipkart “because it’s a really cool and chilled-out place to work,” Prakash is also excited about what the future holds as he dreams of going the entrepreneurial way soon.
Image: Anand Prakash. Photograph, courtesy his Facebook page.
Source……..www.rediff.com
natarajan

A Government Programme in Kerala Is Turning Women into Agripreneurs…

Kudumbashree’s holistic approach towards financial empowerment has worked wonders in Kerala.

The ‘Naivedyam’, or food offering, made during different prayers and rituals for Lord Krishna at the world famous Guruvayur temple in Thrissur district of Kerala, includes about 1,200 bananas of a rare variety called ‘Pooja Kadali’. Earlier, to give this daily offering, the temple was dependent on supply from Tamil Nadu, as this special variety was on the verge of extinction in Kerala. However, now, women agriculturists are growing these bananas on 47 acres, under seven panchayats of Kodakara block, and supplying them to the temple, ensuring a taste of homegrown plantain for the revered deity.

“I am part of a five-member Joint Liability Group and we cultivate bananas, vegetables, and paddy on about 15 acres of land. We supply the fruit to the Labour Cooperative Society, which has a deal with the Guruvayur Devaswom Board, under the auspices of the State government’s ‘Kudumbashree’ programme. Around 750 women in 150 groups are cultivating bananas in our block,” says 54-year-old Shobhana Krishnamurthy of Muttathoor panchayat.

Kudumbashree, the Kerala government’s poverty alleviation programme launched in 1998, has brought about a green revolution in the state today.

newseq

Photo source: newseq.blogspot.com

It has done this solely by tapping into women’s potential for farming and entrepreneurship.

“The Guruvayur temple only accepts ‘Pooja Kadali’ of a stipulated size (7000 apex.), so those bunches that don’t meet the criteria are then utilised for making ‘Rasayanam’, an ayurvedic preparation, in collaboration with an Ayurvedic pharmaceutical company. About 20,000 bottles of ‘Rasayanam’ are being made in our block every month,” adds Krishnamurthy.

Farming has taken off in a big way among women under Kudumbashree’s collective farming and ‘Samagra’ projects, implemented with active participation from Panchayati Raj Institutions (PRIs) and supported by a farming subsidy. Not only has the project increased agricultural production, it has also brought considerable fallow land back under cultivation and financially empowered thousands of women.

Joint Liability Groups (JLGs), structured under the National Bank for Agriculture and Rural Development (NABARD) guidelines, have been formed to ensure agricultural credit from banks for women cultivators. The JLGs come under the interest subsidy scheme of Kudumbashree, when they avail agricultural loans from banks – the state government provides a subsidy of five per cent on the seven per cent interest of agricultural loan. So far, around 10,543 JLGs have availed of loans amounting to over Rs. 123 crore under the project.

“In Muttathoor panchayat alone, 504.85 acres are being cultivated under Kudumbashree’s collective farming and Samagra projects,” shares Dhanya Vijayan, 30, Community Development Society Accountant, Muttathoor panchayat.

Data collected in 2013-14 indicates that 47,611 JLGs are cultivating on 40,218 hectares, growing paddy, fruits such as pineapple, bananas; vegetables like bitter gourd, amaranthus, snake gourd, cowpea, watermelon, bottle gourd, ginger, tapioca, ridge gourd, lady’s finger, brinjal, and chilli. Coconut and cashew are popular crops as well.

“We have debunked the theory that agriculture is not profitable. Our group ‘Aishwarya’ took a bank loan of Rs. 60,000 for cultivating the ‘Nendran’ variety of bananas on 75 cents of land, which had been lying bare. We paid off the loan in just six months. The subsidy was a big help. We made a profit of one lakh in one season,” says 39-year-old Bina Pradeep of Vallachira village.

As the women have discovered, the trick to making things work in their favour is by putting in their own labour.

“Hiring workers is expensive in Kerala as daily wages are Rs. 700-750. That is why big landlords don’t make profit. We have leased land from landowners and are still able to turn in a profit because we put in the labour ourselves,” elaborates 35-year-old Surabhi Sivan, whose five-member JLG ‘Jeeva’ leased a two-acre plot to cultivate bananas.

“We paid Rs. 54,000 for the lease, gave back the bank’s one lakh rupees loan in six months and still made a profit,” she says proudly.

Across Kerala, there are many such success stories.

INDp203b

Leela C.K. and Omana C.C. with the tiller machine at their paddy field. The duo attended the panchayat’s training courses and can confidently work the machines. (Credit: Ajitha Menon\WFS)

Kudumbashree lists the collective farming venture at Kaipram under Perambra panchayat in Kozhikode district at the top. Here, 170 acres of fallow land was recovered and put under paddy cultivation with the efforts of 256 women belonging to 53 groups. While the seeds were procured from Krishi Bhavan, the manure was provided by the gram panchayat, which gave Rs. 1,80,000 for equipment. The women have turned an overall profit of Rs. 20 lakh.

In another case, 30,000 women banana cultivators belonging to 6,000 JLGs pushed up banana production in Thiruvananthapuram district from 8 to 20 metric tonnes per hectare. The phenomenal change was brought about under the guidance of the Kerala Agricultural University.

Additionally, facilitated by Kudumbashree, the women executed a buy back arrangement on the produce with a private company. The JLGs leased the farming land, conducted comprehensive soil surveys, set up demonstration plots and carried out integrated pest management practices, to make the venture a model project.

Ensuring a profit has been the underlining factor in Kudumbashree’s agriculture revolution.

Towards this, gram panchayats across the state train women in using farming equipment and machinery, creating Kudumbashree’s own ‘Vanitha Karma Sena’ or Green Army.

“Money is lost if you have to pay the coconut tree climber, the tiller machine operator or the sowing machine operator. We have trained the women to operate different agriculture related machines themselves and with loans and support available to buy equipment, most groups now own and operate their machines, saving considerable amount of money,” explains Bindu Shivdasan, 40, President, Muttathoor panchyat.

There are nine women coconut tree climbers in her panchayat and several women are operating tiller and sowing machines.

Leela C.K., 60, of Palliparam village under Paralam panchayat in Thrissur district, is a case in point.

INDp203a

Leela C.K. of Palliparam village may be 60 years old,  but she tirelessly works on the land and even operates heavy machines with ease. (Credit: Ajitha Menon\WFS)

Her group cultivates paddy on her three-acre plot once a year. She operates her own agriculture machines. “I attended the panchayat’s training courses and can confidently work the machines, as does my friend Omana C.C., who is 60 as well. Age is no factor and this saves the group a lot of money in wages,” remarks Leela.

Apart from their regular production, the women nurture a kitchen garden on ten cents of land, producing different leafy vegetables, brinjal, lady’s finger, beans and chilli. “We share the produce and use the vegetables ourselves. This ensures a steady supply of cost-effective nutrition for our families as the labour is ours and seeds are available free from Krishi Bhavan,” says Omana.

Bad weather can ruin the crops sometimes, as experienced by Surabhi Shivan and her group ‘Jeeva’ last year.

However, Kudumbashree’s holistic approach towards financial empowerment worked wonders.

“The micro-credit facility available under Kudumbashree allowed us to take another loan to make up the loss and this year we are sure to make a good profit,” says Shivan.

Kudumbashree has provided the wherewithal, but it is the sheer hard work, entrepreneurship and sincerity towards commitments like repaying bank loans that has seen the women in Kerala surmount challenges and hurdles such as the lack of land and finances, natural calamities and labour issues to lead a green revolution in their state. This has made them the cornerstone of the food security movement – that too in a notoriously consumer state!

Written by Ajitha Menon for Women’s Feature Service (WFS) and republished here in arrangement with WFS.

Source…. Ajitha Menon… in http://www.the betterindia.com

Natarajan

This Man Sold Oranges to Build a School in His Village…

An orange seller in Mangaluru built a school for the poor children in his village. Society has repaid the favour by giving him the most beautiful gift.

In the dusty village of New Papdu in Harekala, around 25 km from Mangaluru, lives a saint. For his almost miraculous contribution to society, the people of the land have bestowed the title of ‘Akshara Santa’ or Saint of Letters on Harekala Hajabba.

Growing up as a boy in a very poor family, Hajabba always nurtured the dream of rolling beedis in the city.

However, life took another turn and forced him to sell oranges instead.

The Better India (36)

Photo source: Facebook

“I have never been to school. At a young age, poverty pushed me into taking up a job selling oranges. One day, I encountered two foreigners who wanted to buy a few oranges from me. They started speaking to me in English and asked about the price of the oranges. But I was unable to converse with them and they left. I felt humiliated after this incident and was ashamed that the language barrier made them walk away,” he says.

Not wanting anyone else to go through what he had experienced, his life’s mission suddenly became clear to him. From that day onwards, Hajabba worked towards setting up a school so that the poor children in his village had access to education.

His wife Maimoona would often complain, saying he was giving away money meant for their own three children. Later, she too realised the importance of his cause.

Hajabba’s dream slowly took shape in 1999, in the form of a school attached to a madrasa in his village. When it started, there were only 28 students. However, as the number of students grew, Hajabba knew he would have to shift the school to a bigger facility. So he continued to accumulate every rupee he earned towards building a proper school and ensuring the education of future generations.

In 2004, Hajabba bought 50 cents of land. However, he realised that his savings would not be enough to build a school. So Hajabba started approaching people for money. From politicians to organisations to rich individuals, he went knocking on every door.

“I once went to a very rich person’s house to seek funds for the school. But what happened was that instead of giving me money he set his dogs on me,” Hajabba says.

The unwillingness of some people to support him didn’t come in the way of his dream.

Slowly, Hajabba gathered enough money and constructed a small primary school on the land.

The (1)

Photo source: Facebook

Around this time, the media began to take notice of him too. Hosa Digantha, a Kannada newspaper, was the first to run a story on Hajabba. Soon after that, CNN IBN nominated him for its ‘Real Heroes’ award. Hajabba used his cash prize of Rs. 5 lakh towards building the school.

This was just the beginning.

Soon, recognition began pouring in from every corner. And with the recognition came the donations. Today, the school stands proudly on 1.5 acres of land in the village and has as many as 150 children studying there. From being a primary school, it has now become a secondary school.

“My duty was to only construct the school. I gave it to the government and now the government runs it. It is not only a school for Muslims. Poor children from every religion study in the school,” he says.

Hajabba has truly earned the respect of the people in his village and around the country. Many say they look up to him because the recognition and awards haven’t gone to his head. Nor have they deterred him from his real purpose — he remains humble to date. When the school was constructed, there was a proposal to name it after him. But Hajabba declined, saying he didn’t want to be in the limelight.

Hajabba is often invited to speak at various events. Universities in the region encourage him to share his story in an attempt to inspire students. In 2014, the United Christian Association decided to invite Hajabba to speak at a Christmas programme. To invite Hajabba for the event, Alban Menezes, the founder of the organisation, tried calling him multiple times.

“Finally, his son picked the phone and told me that he was admitted to Yenepoya Hospital in the city and was in critical condition. I rushed to the hospital and this is when the doctors told me there was something troubling Hajabba that was making his health worse,” says Alban.

After a lot of coaxing, Hajabba broke down in front of Alban. He told him that he was worried about not having a proper roof over his head. Hajabba, who had spent all his money for the cause of education, didn’t have any left to repair his dilapidated house.

Alban was deeply saddened by this and decided to construct a house for the man who had done so much for society.

In September 2015, Alban started constructing a house for Hajabba and it was completed in a record four months at a cost of Rs. 15 lakh.

DSC_1115

Photo Credit: H.S. Manjunath

While his organisation was able to raise Rs. 1.5 lakh, Alban chipped in the rest of the money from his own resources.

“I am truly overwhelmed. I am an ordinary man you see. I’m not even worth 15 rupees and these people have actually built a house for me. I have no words to express my gratitude,” says Hajabba.

This 760 sq. ft. house has two bedrooms, a kitchen, and a special enclosure for all of Hajabba’s awards and trophies.

The Better India (38)

Photo source: Facebook

The housewarming ceremony was a special one. This communally-sensitive region witnessed a Hindu priest, a Muslim mullah and a Catholic priest conducting prayers at the ceremony. MP Nalin Kumar Kateel and Karnataka’s Minister for Health and Family Welfare, U.T. Khader, also attended the event.

“The district authorities have been very helpful. I’ve never had a gas stove in my house. The District Commissioner ensured I got a gas connection and a stove. This was sanctioned from some special fund. I feel I’ve been truly blessed,” says Hajabba.

This, however, is not the end of Hajabba’s story. He now plans to construct a Government Pre-University College in his village and has already started working towards the goal. And if his past is any indication, Hajabba will not rest till this dream is fulfilled too.

Source…..Meryl Garcia in www. the betterindia.com

Natarajan

9 personal finance mistakes to avoid….

All of us have made these mistakes, so let’s begin by seeing how many of them we can avoid/minimise…

I am normally a person who likes to say ‘be careful’ rather than say ‘do not break it’. The mind always sticks to the most important word — so the ‘break’ sticks in our head. However there are a few mistakes that I have been seeing and hearing from IFAs, websites, etc. and think it is necessary to summarise them in one place.

1. Optimism

This is a lovely thing to have, except when it comes to investing. When people invest in equities they have some outlandish expectation — say 28 per cent CAGR (compounded annual growth rate) or 17 per cent CAGR. No clue who gives them such ‘lofty’ expectations. Yes, some of us have got it in the past, but hey we have perhaps just been lucky.

A Rakesh Jhunjhunwala or a Vallabh Bhansali have got much higher returns, but you have no clue about the efforts and team work that has gone behind all this. A Naren Sankaran (Of ICICI) or a Motilal Oswal is perhaps capable of getting far better returns, but their risk taking capacity and sheer size of funds managed puts a huge limitation to the returns.

So please temper your expectations.

Just because you expect less it does not mean you will not get it. Keep your expectations at a far more realistic 20-25 per cent OVER PPF returns — so if you get 8 per cent in PPF, expect to earn about 10-11 per cent over a long period of time, tax free. It can do magic to your portfolio over say 50 years like it has done for some of us early starters.

2. Risk and return

The fact that you take more risks DOES NOT MEAN YOU HAVE TO GET greater returns. It is not your RIGHT; it is just that the odds favour you. If it were so certain, there would be no risk at all. Long term can mean really long term — say 13 years and you may have just lost patience after 12 years and 5 months.

Be very clear that for goals that are 7-8 years away equity is a good investment, but you will need a back up plan just in case it backfires.

3. Consumerism

Buying every shiny thing on the store shelf or on Amazon and Flipkart are not the way to create wealth. When you feel like buying something, wait. Think of the last 5 items that you bought and what you did with that. Clearly the manufacturer and the shop keeper want you to buy all that is made and displayed. It is up to you not to do so.

Investing more and for a longer period is the only route to a great portfolio.

4. Complications

Planners love to complicate things, ignore complex plans. Simpler plans are far superior.

5. Inertia

Good and noble intentions will not protect your family or create wealth for you. So get off your backside and get that term insurance, medical insurance, provident fund nomination form, …NOW and start your investing programme, NOW.

If you do not believe this, see the amount of money lying in bank deposits, savings banks, post offices around the country!

Even better see your own savings bank account and see how much of interest has been credited. Kickass start.

6. Impulsive actions…

…while in spending, investing, saving, eating and health issues only lead to pain later on. Learn some meditation and act in leisure. Relax, do not get bullied by bankers, contractors, salesmen, cousins, friends, television experts — by anybody.

Collect all the data, and then sleep over it for a day. Take a decision after a few hours, preferably 24 hours. Do not believe the agent who says “this scheme is closing…” Some agents have been using it for the past X number of years and doing it very successfully. When you have the money, a new scheme is born every day. Usually in a better form.

7. Ask

Ask the people who know before you invest. Parachutes are to be on your back BEFORE you eject from the plane, it cannot be sent to you mid air…

8. Greed

If you have invested in 50,000 shares of a company at Rs 30 a share and the price goes up to Rs 50 in two weeks time, great. Partial booking — of say 1000 shares every time a share jumps an X per cent is not a bad idea at all.

It is only the owners who can ride a share from its start to eternity — like a Premji or a Narayana Moorthy can/ will do. Yes there are many theories here, but hey, greed kills more than it makes you go. Be careful.

9. Mess

Do you have 40 items in a portfolio worth Rs 1 crore? You are a mess. You need to have no more than five. Okay make it 8, but not more. So please prune the mess, and clean it up.

Source………P V Subramanyam in www. rediff.com

Natarajan

 

NASA Research Could Save Commercial Airlines Billions in New Era of Aviation….

NASA wind-tunnel tests of an Active Flow Control system

Researchers with NASA’s Environmentally Responsible Aviation project coordinated wind-tunnel tests of an Active Flow Control system — tiny jets installed on a full-size aircraft vertical tail that blow air — to prove they would provide enough side force and stability that it might someday be possible to design smaller vertical tails that would reduce drag and save fuel.
Credits: NASA/Dominic Hart

The nation’s airlines could realize more than $250 billion dollars in savings in the near future thanks to green-related technologies developed and refined by NASA’s aeronautics researchers during the past six years.

These new technologies, developed under the purview of NASA’s Environmentally Responsible Aviation (ERA) project, could cut airline fuel use in half, pollution by 75 percent and noise to nearly one-eighth of today’s levels.

“If these technologies start finding their way into the airline fleet, our computer models show the economic impact could amount to $255 billion in operational savings between 2025 and 2050,” said Jaiwon Shin, NASA’s associate administrator for aeronautics research.

Created in 2009 and completed in 2015, ERA’s mission was to explore and document the feasibility, benefits and technical risk of inventive vehicle concepts and enabling technologies that would reduce aviation’s impact on the environment. Project researchers focused on eight major integrated technology demonstrations falling into three categories – airframe technology, propulsion technology and vehicle systems integration.

By the time ERA officially concluded its six-year run, NASA had invested more than $400 million, with another $250 million in-kind resources invested by industry partners who were involved in ERA from the start.

“It was challenging because we had a fixed window, a fixed budget, and all eight demonstrations needed to finish at the same time,” said Fayette Collier, ERA project manager. “We then had to synthesize all the results and complete our analysis so we could tell the world what the impact would be. We really did quite well.”

Here is a brief summary of each of the eight integrated technology demonstrations completed by the ERA researchers:

  • Tiny embedded nozzles blowing air over the surface of an airplane’s vertical tail fin showed that future aircraft could safely be designed with smaller tails, reducing weight and drag. This technology was tested using Boeing’s ecoDemonstrator 757 flying laboratory. Also flown was a test of surface coatings designed to minimize drag caused by bug residue building up on the wing’s leading edge.
  • NASA developed a new process for stitching together large sections of lightweight composite materials to create damage-tolerant structures that could be used in building uniquely shaped future aircraft that weighed as much as 20 percent less than a similar all-metal aircraft.
  • Teaming with the Air Force Research Laboratory and FlexSys Inc. of Ann Arbor, Michigan, NASA successfully tested a radical new morphing wing technology that allows an aircraft to seamlessly extend its flaps, leaving no drag-inducing, noise-enhancing gaps for air to flow through. FlexSys and Aviation Partners of Seattle already have announced plans to commercialize this technology.
  • NASA worked with General Electric to refine the design of the compressor stage of a turbine engine to improve its aerodynamic efficiency and, after testing, realized that future engines employing this technology could save 2.5 percent in fuel burn.
  • The agency worked with Pratt & Whitney on the company’s geared turbofan jet engine to mature an advanced fan design to improve propulsion efficiency and reduce noise. If introduced on the next-generation engine, the technology could reduce fuel burn by 15 percent and significantly reduce noise.
  • NASA also worked with Pratt & Whitney on an improved design for a jet engine combustor, the chamber in which fuel is burned, in an attempt to reduce the amount of nitrogen oxides produced. While the goal was to reduce generated pollution by 75 percent, tests of the new design showed reductions closer to 80 percent.
  • New design tools were developed to aid engineers in reducing noise from deployed wing flaps and landing gear during takeoffs and landings. Information from a successful wind-tunnel campaign, combined with baseline flight tests, were joined together for the first time to create computer-based simulations that could help mature future designs.
  • Significant studies were performed on a hybrid wing body concept in which the wings join the fuselage in a continuous, seamless line and the jet engines are mounted on top of the airplane in the rear. Research included wind-tunnel runs to test how well the aircraft would operate at low speeds and to find the optimal engine placement, while also minimizing fuel burn and reducing noise.

As part of the closeout work for the ERA project, information and results regarding each of these technology demonstrations were categorized and stored for future access and use by the aerospace industry, and will be discussed at the American Institute of Aeronautics and Astronautics Sci-Tech Conference in San Diego this week.

For more information about NASA aeronautics research, go to:

http://www.nasa.gov/aeronautics 

Source……….www.nasa.gov

natarajan

New Year money tips for your child……..!!!

The over-concerned species that we parents are, New Year is a great time to ensure that we leave our children with something to learn by, says Murad Nathani

It’s the time of new beginnings and new resolutions. While some resolutions fade out in the course of the year, some are successfully carried out; those which stay close to our hearts and which truly make a difference to our lives! So how about starting off the New Year with conversations that can make a difference to your child’s life, in the long run?

I am talking about talking to them on the topic of money in a way that they understand the importance of good money habits early on in their lives. Here is a low-down on the conversations you must have with your child on the big ‘M’:

Understanding Money

The younger your children are, the bigger their demands are. What they lack is a basic understanding of money and which is precisely what they need to learn. No, we don’t want them to become too concerned about money either but let’s say, a hands-on experiential learning would help a great deal.

For starters, a learning tip in this direction would be allowing your child to pay at the toy store or grocery, so that they can see the physical transaction take place, thereby helping them learn the value of a certain amount and what you got them for that amount.

In addition to this, it is essential that they learn, all money spent is money earned in exchange for work and therefore needs to be spent a little more carefully.

Managing Money

Once your child understands the basics of barter and what a certain amount of money can buy them, you can take the conversation a notch higher. A pre-teen or a teenager influenced by peer pressure may come to you not with demands on what they are doing, but rather what their friends are doing. A strong realisation between wants and needs is therefore required at this stage.

As a parent, you don’t want to turn your child down with a straight no, but give them the explanation behind your ‘no’.

Moreover, many parents are from the school of thought that they should give their child what they didn’t get when they were younger. This may however not be the right approach if it is not well-balanced with an understanding of money.

In the conflict of being a parent versus a friend, it is essential that one strikes the right balance. You could work towards an understanding where you make sure what they ask for is relevant at that age or if they can make better use of it when they are a little older. You can also ask them to set a certain goal or target to achieve, either a financial or non-financial goal to help them understand how to achieve something by working towards it.

Smart Money Management

As your child begins to grasp a better understanding of money, the next step is to learn the next level of money management. To learn how to better manage their money as young adults, and learn the art of budgeting and how to spend within a certain limit.

Investments and credit should also become a greater part of their vocabulary here. It’s not anymore only about how much they save and spend, but also about building their own financially independent future.

Remember, the topic of money is not part of their school or college curriculum and hence it is difficult for our children to identify what is the next step for them. For teens especially, it shouldn’t be that they step into college and don’t know what goes where in managing their finances!

Planning at the start of the month along with different needs and requirements corresponding to the amount of money is just one step in this direction, but what about paying back on time, the dynamics of credit?

Or do they know the role of credit institutions and how it could impact their ability in future to get a loan? Decisions made based on a lack of sound financial knowledge can potentially affect the success of a child’s future.

Hence, it is essential that your child is actively involved in the understanding of money management from spending and saving to managing and investing.

Photograph: swister_p/Creative Commons

Murad Nathani is Co-Founder & CEO — Slonkit, first of its kind money management tool that aims to become a guide for today’s digital savvy children, in terms of understanding and managing money

Source…….www.rediff.com

Natarajan

“Malaysia searches for Boeing 747 owners…” !!!

Boeing 747-200F planes parked on the tarmac at Kuala Lumpur International Airport.

STILL puzzled by the mystery of missing flight MH370, Malaysian airport authorities now have the opposite problem: three Boeing 747 planes left unclaimed at the country’s main airport.

The operators of Kuala Lumpur International Airport (KLIA) have placed a bizarre advertisement in a Malaysian newspaper seeking the owners of three 747-200F aircraft apparently abandoned there.

“If you fail to collect the aircraft within 14 days of the date of this notice, we reserve the right to sell or otherwise dispose of the aircraft” under Malaysian regulations, said the ad which ran in Monday’s edition of The Star.

The notice was addressed to the “untraceable owner” of the planes.

Zainol Mohd Isa, general manager of Malaysia Airports (Sepang), which operates the facility, said the airport had been trying to contact the planes’ last known owners.

He said they were “international” and not Malaysian, but declined to give further details.

“I don’t know why they are not responding. There could be many reasons. Sometimes it could be because they have no money to continue operations,” Zainol said.

The ad placed in The Star.

The ad placed in The Star.Source:Supplied

In addition to wanting the planes to be claimed, he said the airport is seeking payment from the owners for landing, parking and other charges.

If no payment is received by December 21, the planes will be auctioned or sold for scrap to recoup the outstanding charges. The notice gave the planes’ registration numbers as TF-ARM, TF-ARN, and TF-ARH.

Two are passenger jets.

Two are passenger jets.Source:AFP

Zainol said two are passenger aircraft and one is a cargo plane. It is not the first time this has happened at the airport, Zainol added.

Whose are they?

Whose are they?Source:AFP

In the past decade a few other planes, mostly smaller aircraft, were abandoned.

He said an aircraft that was abandoned in the 1990s was eventually bought and turned into a restaurant in a Kuala Lumpur suburb.

KLIA was the origin of Malaysia Airlines flight MH370, which disappeared after taking off on March 8, 2014 with 239 passengers and crew aboard in what remains one of aviation’s greatest mysteries.

Malaysia earlier this year confirmed that a wing part found on the French island of La Reunion in the Indian Ocean was from the plane.

But no further wreckage has been found despite an intensive Australian-led oceanic search.

Source…….www.news.com.au

Natarajan

Bye, bye Dubai — the world’s tallest tower, costing about $3 billion, isn’t where you’d think it is !!!

When Kingdom Tower in Jeddah, Saudi Arabia, opens in 2018, it will be the first building ever to exceed 1km.

DUBAI’S towering Burj Khalifa may have to give up its title as the world’s tallest building to Saudi Arabia’s Kingdom Tower, now that funding has been secured for the last phase of its $AU3 billion construction.

A Saudi government press release on Sunday said Jeddah Economic Company and Saudi Arabia’s Alinma Investment had signed a financing deal of $A1.7 billion to complete the Jeddah Economic City project, including the Kingdom Tower, which is slated to be world’s tallest tower upon completion.

Kingdom Tower will have over 200 floors overlooking the Red Sea.

Kingdom Tower will have over 200 floors overlooking the Red Sea.

The Jeddah Economic City project also includes creating a new suburb of the city that officials hope will become a tourist destination.

The Jeddah Economic City project also includes creating a new suburb of the city that officials hope will become a tourist destination.

The 1,000 metre skyscraper is scheduled to open in 2018 and building of the tower has already reached the 26th floor. The Burj Khalifa, by comparison, stands at 827 metres.

New York City’s Freedom Tower, currently the fifth tallest in the world, is dwarf-like at 546 metres.

http://www.news.com.au/video/id-5wdjZzYzqnj3rKOppBgQfGUVLv8VwUId/The-world’s-tallest-tower

The world’s tallest tower

“With this deal, we will reach new, as yet unheard of highs in real estate development, and will fulfil the company’s objective of creating a world-class urban centre that offers an advanced lifestyle, so that Jeddah may have a new iconic landmark that attracts people from all walks of society with comprehensive services and a multitude of uses,” Mounib Hammoud, chief executive officer of Jeddah Economic Company, said.

Saudis hope the new suburb and the tower will draw millions of pilgrims travelling to nearby Mecca and Medina.

Saudis hope the new suburb and the tower will draw millions of pilgrims travelling to nearby Mecca and Medina.

The Kingdom Tower may not hold on to its record for long as Iraq’s southern Basra Province is planning to build a “mega tall” skyscraper.

The Kingdom Tower may not hold on to its record for long as Iraq’s southern Basra Province is planning to build a “mega tall” skyscraper.

Adrian Smith and Gordon Gill Architecture, a Chicago-based firm, created the design for the Kingdom Tower.

An urban community of more than 485 hectares overlooking the Red Sea will surround the tower, which will house the world’s tallest observation point, a Four Seasons Hotel, a massive shopping mall and residential apartments.

When it is complete, it will have over 200 floors.

But the Kingdom Tower may not hold on to its record for long. Iraq’s southern Basra Province is planning to build a 1,150 metre “mega tall” skyscraper, which will be taller than the Kingdom Tower.

The Bride Tower, proposed by AMBS Architects, will comprise of 230 storeys, will be topped by a 188-metre tall antenna and will comprise of four conjoined towers.

Plenty of space for paddling near Kingdom Tower. Kingdom Tower will also have the highest observation deck in the world, which was first envisioned as a heliport.

Plenty of space for paddling near Kingdom Tower.

Kingdom Tower will also have the highest observation deck in the world, which was first envisioned as a heliport.

Source….www.news.com.au

Natarajan

” Is that Want or Need…” ? ….A Money Lesson for all of us…

Dad

Kathleen Elkins

It was about 1997 when my dad first gave me the,
Is that a want or a need? talk.

I was a kindergartner who really wanted chocolate milk at the Soda Shop, a local diner in my hometown of Davidson, North Carolina.

The speech went over my 6-year-old head, but the conclusion of the message stuck — never ask for chocolate milk at a restaurant.

Order water because it’s free.

I learned that afternoon that chocolate milk qualifies as a want, while water qualifies as a need.

As I got older, I started to figure out how other things fall under these two categories. I learned, for example, that those new pair of Sambas I’d been eying counted as a want, but tennis shoes counted as a need, as I travelled for competitive tennis tournaments every weekend.

At first, I was guided by my dad and his definitions of “wants” and “needs,” but eventually I started to formulate my own definitions. I noticed that the chocolate milk column grew exponentially quicker than the water column — luckily for childhood me, I knew not to dare touch the “want” column.

Sure, it was helpful to develop this frugal lifestyle centered around “need-buying” as a high schooler and college student, but my dad’s lesson has become more valuable than ever upon entering the “real world,” where in order to stay afloat with minimal income in an expensive city New York City, you have to distinguish needs and wants.

What this distinction does, is it makes you a diligent and conscious spender, a habit that takes time to form — a habit that a personal finance book or class can define, but can never trulyteach.

That 1997 chocolate milk lesson looms over every purchase I make. I first determine whether or not I’m buying a want or a need, and if it’s a want, I weigh the pros and cons before mindlessly spending.

Of course, there’s always a time and place for a chocolate milk — the occasional splurge keeps you sane — but for the most part, I’ll be the one with the glass of water.

Source…….KATHLEEN ELKINS in http://www.businessinsider.com

Natarajan