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Saturday, 2 January 2016

The GLENCAIRN Single Malt Nosing and Tasting Glass : WATCH OUT for RIPOFFS selling GLENCARIN Glasses


THE GLENCARIN RIP OFF


Champagne, Cognac, Wine . . . each type of liquor has its own glass. Yet whisky, the world’s most complex spirit can be found served in anything from highball tumblers to Paris goblets to tequila shot glasses. 


Only the connoisseur of Malt Whisky and the sybarite know that Scotch Malt Whisky is composed of FIVE elements: The Colour, the Nose, the Serpent waiting to be released, the Palate and the Finish. It was when Malt Whiskies came into the limelight some 25 years ago that sellers realised that they had been sleeping, since most malts were used to glamorise the Scotch Whisky Blends market. Single Malt drinkers out of tumblers, wine and shot glasses were immediately picked out as the nouveau riche, moneyed persons with no class! And certainly No Taste!!  


The GLENCAIRN Whisky Glass is a revolutionary whisky glass that really lets one savour the taste and complexity of fine whisky. These are the ONLY GLASSES for your Single Malt Whiskies. With the tapered mouth, you are able to really sniff all nuances the whisky has to offer. Any malt advocate will love this glass! Why then, do some so-called whisky ‘connoisseurs’ spend thousands on the most complex, rewarding, pleasure-giving liquids yet contrived by humanity, and then drink them from tumblers? “Philistines!” says Andy Davidson. “Tumblers are useless when it comes to focusing or enhancing the taste experience of whisky. They were originally used to prevent you from smelling bad whisky.”     



He should know. In 1976, his father, Raymond Davidson, saw this lacuna and designed a glass, but imperfect, as he called it. He then personally went to the top ‘noses’ or blenders of the Scotch Whisky industry with his design and asked them for their opinions. Meeting failure after failure as the so called cognoscenti stuck to tumblers, it took 25 years and one generation of Malt Whisky enthusiasts to realise its true value. After extensive interaction and experiments, Andy Davidson’s Glencairn Crystal solved the problem of identifying the ideal glass for whisky Andy came out of the design phase and, with the blessings of the top five blenders of Scotch Whisky, went to market in 2001.  




Today the Glencairn Glass can be found at every distillery in Scotland, Ireland, Wales as well as most in the USA. In 2006 the glass won the Queen's Award for innovation.



The shape of the Glencairn whisky glass is derived from the traditional nosing copitas used in whisky labs around Scotland, a style lovingly developed by Glencairn Crystal Ltd, Scotland for drinking whisky. The capacity of a typical Glencairn whisky glass is approximately 175 ml, and is intended to hold approximately 50 ml of liquid, 1/14th of the capacity of 700 ml bottles of Scotch Whisky in the EU and 1/15th that of an American or Indian 750 ml bottle. 



The 175 ml glass is 115 mm (4.5 in) in height and is available in two versions: 24% lead crystal and lead-free crystal glass. The vast majority of glasses in circulation are of the lead-free crystal variety. The Glencairn glass was originally designed for pub/bar use so it is a sturdy little glass. The bottom is heavy so it's not easily tipped over and is easily grasped. It feels good in the hand. My Glencairn glasses are crafted from lead-free crystal.


The Glencairn glass is the ONLY glass on the market that is designed specifically for drinking whisky and endorsed as such by the Scotch Whisky Association; it is used by every whisky company in Scotland and Ireland and many in the USA for their Bourbons. 


The traditional style of whisky glass is a cut crystal Old Fashioned whisky tumbler, the most commonly used type of whisky glass. However, a tumbler does not hold and focus the aromas as much for the experience of the drinker as the Glencairn, which curve inwards towards the top of the glass. Inward-curved glasses are the preferred choice of connoisseurs who consider the aroma especially important to the experience of a whisky. 


If you fancy yourself a SMSW lover, you’d best have a small stock of Glencairn glasses at hand. I am the LOWEST PRICED Glencairn Glass SELLER in India. BUY 2, GET 3 for Rs 2,000; BUY 6, GET 9 for Rs 5,700, with FREE packing and postage in India. Amazon charges between Rs 2,568 For ONE Glass to Rs 7,000 for SIX glasses. eBay UK charges you $ 75.25+ Paypal charges and their own currency exchange rates, working out to Rs. 885/- per glass; mine are Rs. 667 each or 32.7% discount with no worries about overseas delivery. 


Buy 12, get 18 for Rs 12,000. When compared with the prices of others, I sell between 33% to 385% cheaper as I charge only Rs 667/- per glass! And in their original packages for 3 glasses. Some bargain, this! I’m down to my last 12 glasses, so please think about it soon, before losing out. 

Be very careful in selecting your vendor. Large Chinese online traders like the '40 thieves hero' sell glasses like The GLENCARIN for $1.5 per piece, minimum order 1000 glasses. Surprisingly, even the world's largest online market open to us Indians, sells GLENCARIN glasses cleverly camouflaged between multiple ads for genuine Glencairn glasses.

Play safe, buy from me. Genuine GLENCAIRN glasses at the lowest possible price. All you have to do is email me at noel.moitra@gmail.com and I'll give you my bank account details. Transfer the money and your glasses will be with you in 3-4 days via DHL/Blue Dart/DTDC. In the unlikely event that a glass is damaged, inform me immediately, send it back to me within 10 days and I'll replace it while also refunding your costs. 

AS SEEN ON AMAZON.COM

Glencarin Crystal Whiskey Glass, Set of 6


THE GLENCARIN GLASS AS SEEN ON AMAZON
 





Price:    4,830.00 FREE Delivery. Cash on Delivery eligible. Details

Inclusive of all taxes


EMI starts at    431.40 per month. Options



Delivery to pincode
122011 - Gurgaon within 1 - 3 weeks. Details

Sold and fulfilled by Cart2india SLP (4.6 out of 5 | 5,304 ratings).

3 offers from    4,732.09




  • Set of 6 glasses
  • Hailed as "The Official Whiskey Glass"
  • Tapering mouth allows an ease of drinking
  • Wide bowl for the fullest appreciation of color
  • Solid base is designed to be easy on the hand




Tuesday, 29 December 2015

INFLATION

INFLATION IN THE USA


Definition

According to Investopedia, Inflation is the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling. Central banks attempt to limit inflation, and avoid deflation, in order to keep the economy running smoothly.

As a result of inflation, the purchasing power of a unit of currency falls. For example, if the inflation rate is 5%, then a pack of gum that costs $1 in a given year will cost $1.05 the next year. As goods and services require more money to purchase, the implicit value of that money falls.

Inflation in the USA
 
In 1964, inflation measured a little more than 1 percent per year. It had been in this vicinity over the preceding six years. Inflation began ratcheting upward in the mid-1960s and reached more than 14 percent in 1980. It eventually declined to average only 3.5 percent in the latter half of the 1980s. 

While economists debate the relative importance of the factors that motivated and perpetuated inflation for more than a decade, there is little debate about its source. The origins of the Great Inflation were policies that allowed for an excessive growth in the supply of money—Federal Reserve Policies.  

The Great Inflation: 1965-1982

The Great Inflation was the defining macroeconomic event of the second half of the twentieth century. Over the nearly two decades it lasted, the global monetary system established during World War II was abandoned, there were four economic recessions, two severe energy shortages, and the unprecedented peacetime implementation of wage and price controls. It was, according to Jeremy J. Siegel, a prominent economist, “the greatest failure of American macroeconomic policy in the postwar period.”   
 
But that failure also brought a transformative change in macroeconomic theory and, ultimately, the rules that today guide the monetary policies of the Federal Reserve and other central banks around the world. If the Great Inflation was a consequence of a great failure of American macroeconomic policy, its conquest should be counted as a triumph.

Inflation Rates 2016-2045


YEAR   AMOUNT INFLATION % ACTUAL VALUE
2016 100,000 2.0 102,000
2017 102,000 2.1 102,304
2018 102,304 2.2 104,555
2019 104,555 2.3 106,960
2020 106,960 2.4 109,530
2021 109,530 2.52 112,290
2022 112,290 2.63 115,243
2023 115,243 2.75 118,412
2024 118,412 2.89 121,834
2025 121,834 3.0 125,489
2026 125,489 3.1 129,379
2027 129,379 3.22 133,545
2028 133,545 3.33 137,992
2029 137,992 3.35 142,615
2030 142,615 3.37 147,421
2031 147,421 3.5 153,171
2032 153,171 3.5 158,532
2033 158,532 3.5 164,080
2034 164,080 3.5 169,823
2035 169,823 3.5 175,767
2036 175,767 3.5 181,919
2037 181,919 3.5 188,286
2038 188,286 3.5 194,876
2039 194,876 3.5 201,697
2040 201,697 3.5 208,756
2041 208,756 3.5 216,063
2042 216,063 3.5 223,625
2043 223,625 3.5 231,452
2044 231,452 3.5 239,553
2045 239,553 3.5 247,937      


Historical data on Inflation from 1914 till today is freely available.

Tuesday, 22 December 2015

Ten Reasons Why Modi is Disliked

 WHY SHOULD MODI COMMAND RESPECT AND ADMIRATION?

Modi became Prime Minister in May 2014. During his 18 months in office, he has earned the displeasure of many segments of the society. Here are ten reasons why he is disliked. 
 
1.       Modi is a ‘usurper of power’. He is trying to replicate the reign of the Slave Dynasty of the thirteenth century by seizing Delhi Sultanate, an inheritance of the Gandhi-Nehru dynasty. How dare a petty tea-vendor have the audacity to gatecrash into the hallowed portals of Lutyens’ Delhi? Howsoever ill-equipped, inept and unqualified the dynasty may be, Delhi throne is its family heritage. In any case, no competence is required to plunder India. As in the past, the country can be easily ruled through a network of sycophants, stooges and dummies. It is just a question of fine-tuning the remote controls.

2.       Modi is a ‘sadist’. How dare he discard the long practiced tenet of ‘khao aur khane do’? His mantra of ‘naa khaunga, naa khane dunga’ is symptomatic of his aversion for the well-being of the ruling elite. It smacks of jealousy for the privileged.  Remember how smoothly the previous coalitions functioned. Different ministries were dished out to the partners as fiefdoms. It was left to their ingenuity to garner funds. No one interfered in Raja’s spectrum loot or in Praful Patel’s aircraft purchases. Modi must not forget that leaders and bureaucrats have families. They have to amass enough to secure the future of their progeny.

3.       Modi is a ‘workaholic’. Worse, he expects others to work equally hard. Introduction of biometric system to mark presence in government offices has been terribly painful. Earlier employees could walk in leisurely at any time and leave whenever they felt homesick. Many did private side-business during office hours.  Movement of files was never monitored. Offices were meant for rest and recreation. Long gossip sessions with colleagues in the canteen were intellectually stimulating. Group cohesion was developed during long hours spent under winter sun in the office lawns and sharing pea-nuts. All the charm of government service has disappeared. One is expected to work now. Even senior bureaucrats have been deprived of their life-style of yore golf in the morning, relaxed hours in the office and evenings in the Gymkhana. Modi has ruined the happiness of all government employees.

4.    Modi is ‘anti-media’. Eighteen months in power and not a single scandal or scam. Just not done. Media cannot be starved. Editors have no issues to embellish their headlines with. TV anchors have no hot topics for conducting high-decibel debates. They have to convert innocuous statements by some fringe elements into national controversies. No wonder media is unhappy with the present dispensation and is nostalgic about those good old days of scam-a-day. It did not have to look for topics for breaking news and evening debates. Media’s discomfort can be gauged from the fact that it has to stoop down to faulting Modi for not issuing statement on every single occurrence in the country. By depriving media of sensationalism, Modi is deliberately asphyxiating it.

5.    Modi is ‘anti-employment’. All his promises of generating jobs through economic growth are phony. In fact, he has been busy shutting down existence business. Look what he has done to the patronage industry. It had taken India decades to evolve such a fool-proof and credible patronage regime: far more reliable than the much-hyped match-fixing in cricket. Every appointment, license and contract was available for a price. Every appointment was for sale and had its MRP: it could be governorship of a state or directorship of a government bank/company or even chairmanship of the Railway Board. One could obtain a chit from PMO office and get a coal block. Full satisfaction was granted to all applicants, bureaucrats and ministers. Most unfairly, Modi has put an end to such a thriving business, thus rendering numerous people jobless.

6.       Modi is a ‘pseudo-secularist’. Although he had been demonised by the self-proclaimed secularists as a communal menace for decades, Modi remains unscathed. Most worrisomely, even negative campaigns like phoney anti-Christian allegations during Delhi elections and spiteful intolerance crusade during Bihar elections have not provoked him. He is letting all the doomsday-prophets down with his inclusive policies which are well received by all sections of the society. He has said or done nothing to favour any community. If Modi is allowed to establish his credentials as a secular leader, it will be difficult to dislodge him. That cannot be permitted. Therefore, renewed attacks through cooked-up issues must be launched to dent his image. Secularism is the sole prerogative of the opposition leaders.

7.       Modi is highly ‘pretentious’. He has made a mess of India’s foreign policy. Instead of following the established diplomatic protocol, he has started establishing personal rapport with the world leaders. More shockingly, he has adopted yoga and hugs as instruments of his foreign policy. With his spontaneously warm embraces, he has befriended all world leaders. They admire him for his sincerity of purpose, clear vision and inexhaustible energy. Obama surprised all by agreeing to be the chief guest at the Republic Day Parade. Chinese Premier Li Keqiang had a selfie with Modi. Japanese Prime Minister Shinzo Abe attended prayers at Varanasi. By trying to practice diplomacy through hugs and yoga, he is deliberately trashing the very foundation of India’s foreign policy of laid-back indifference.

8.       Modi is ‘intolerant’. How can a Prime Minister talk of cleanliness and toilets from the ramparts of the Red Fort? Who is Modi to deprive the public of the pleasure of defecating in an open and green environment? Height of intolerance to old Indian practices. If India could live with filth for so long, who is Modi to question? It is rightly said that ‘filth is in the eyes of the beholder’ and the dynasty never saw any. Similarly, it is for the parents to decide the future of their daughters. Why is Modi forcing them to educate girls? Intolerance once again. Modi has been elected to govern the country and not to don the mantle of a social reformist. He should not exceed his brief.

9.    Modi is ‘misusing his oratory skills’. Not only has he been able to inspire the Indian Diaspora, but has also infused euphoric enthusiasm in India’s psyche. Pessimism and negativity have been replaced by optimism and positivity. He is deliberately resorting to erudite talks in Hindi and English to show Pappu and other caste leaders in poor light. It is most unsportsmanlike. While Modi impresses the people with his vision of a developed and prosperous India; Pappu can only talk of ‘suit-boot sarkar’ or target RSS. Worse, in comparison to Modi, Pappu looks like a cry-baby who had been deprived of his favourite toy. Modi must stop displaying wisdom and vision. He is giving an inferiority complex to the opposition leaders.

10.   Modi is an ‘economic maverick’. Through his missionary zeal for economic growth, Modi has been upsetting many who were benefitting from India’s poverty. Modi’s success in attracting investment in the infra-structure and industrial growth through ‘Make in India’ campaign will improve the lot of the impoverished. That is also the main worry of the caste-leaders. Economic betterment brings awareness. An aware voter is a discerning voter. He sees through the facade of secularism to fool the people. He does not get carried away by rhetoric of caste loyalties. He demands results. No wonder that all opposition leaders view economic reforms as a threat to their political relevance. Modi appears to be hell-bent on upsetting the applecart.

Finally, a footnote of caution: Modi may not be perfect, nobody is. But he is the best bet for India. Should Modi fail to deliver or is prevented from fulfilling his promises by the anti-national elements that are stalling growth, India’s future will be bleak. We will have Pappu, Mulayam Singh, Lalu Yadav or Kejriwal at the helm of affairs. Does it not send shivers down our spine? 




http://mrinalsuman.blogspot.in/2015/12/ten-reasons-why-modi-is-disliked.html
   

Tuesday, 15 December 2015

GIVE YOUR KIDS A WEDDING GIFT

LEGAL BUT LITTLE KNOWN WAYS TO SAVE TAX
LET YOUR MARRIED CHILDREN BENEFIT

In 1985, I was advised by a sage to save money legally through the Post Office (PO), using what is called the POMIS-PORD Scheme. Like most of us, bar some, I did not have the money to invest, but I managed Rs. 21,000. The scheme was simple: Invest up to Rs. 1,06,000 in the Post Office Monthly Interest Scheme, or POMIS. This was a 6-year scheme, with 15% interest. On investment, you got a legal kickback of 01% of the sum invested, the ubiquitous tout took 01% and the PO Manager 0.5%. On maturity, you got a 20% bonus of the sum invested. 


PORD stands for PO Recurring Deposit, a 5-year scheme. You had to open an RD Account with that Post Office and none other. Obviously, this would be at least ONE DAY prior to your depositing the POMIS corpus. At the 5-yr stage, you needed a one year extension. Interest rate on PORD was 13.5%. ROI was a staggering 23 % pa. Thankfully, both are 5 year schemes today.


On the POMIS form, you issued a standing instruction to transfer the monthly amount into your PORD account. 59½ months later, you increased PORD tenure by one year. The good thing was that these accounts were transferable from place to place.  


Things have changed. Interest rates have almost halved, Post Offices have access to the Internet, etc. Sec 80 of the ITA ‘61 allows you non-taxable interest of Rs.7,000 if from a joint account and Rs. 3,500 if solo in the Post Office. This means that you can invest only Rs. 82,000 in the POMIS as interest rate is 8.5% (Rs. 6,970 pa or Rs. 580 pm).  PORD offers 8.4% compounded quarterly, unlike PPF which is a yearly interest rate set up. 82K is not a major sum in itself, but ROI exceeds 10.5%. This is the HIGHEST ROI in a Govt agency, beating PPF, even though the tout has been banished and the 20% bonus dropped. The PORD income i.e., Profit is taxable and should be reinvested in another POMIS-PORD or ELSS Mutual Fund like Franklin Templeton Taxgain, or an MF of your choice. There is NO TDS on the PO schemes, so maximise utilisation of this rare facility. Have a dekko at the numbers below.


My suggestion is that you should open the POMIS-PORD or the PORD account in the names of your newlywed kids, which is the phase we are transiting inst. This would be in the nature of a gift, which is non-taxable in the donee’s hands vide Section 56(2) ITA 61 as modified in Oct 2009, and also on weddings. 


Numbers:

POMIS Investment: Rs. 82,000

Monthly transfer to PORD: Rs. 580

PORD final return = Rs. 43,300.

Overall return = Rs. 125,300.
 
Click Here!


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