The Book now makes an entry in "The Free Press Journal"

Now, "The Free Press Journal" acknowledges the book - "From the Rat Race to Financial Freedom"

"The Free Press Journal" - one of the renowned daily publication in Mumbai and 4 other Indian cities, acknowledges the attempt made by the book "From the Rat Race to Financial Freedom" as it showcases this book among some other great books and work being done in the field of art and literature.

I am humbled by your feedback -THANK YOU

During the pre-launch of the book "From the Rat Race to Financial Freedom", i was circulating copies of the book to some renowned personalities and known contacts in my network so that i could get some feedback and reviews. The response was overwhelming. 

But what has truly humbled me is the response from all those "unknown" and "young" readers who are not obliged to send me any review comments, whom i do not know and who have no reason to write an email to me.

What is PRAN number

Background on National Pension System (NPS)
We know that National Pension System (New Pension Scheme) has been made mandatory for Central Government employees who joined in their service on or after 1st January,2004. Such employees are enrolled automatically in New Pension Scheme. Such employees are not eligible for old pension and GPF system. 

More importantly, until now the pension schemes was available to Govt employees and employees of relatively bigger companies who have provident fund facility . Any other person had to go with private pension schemes provided by insurance companies . 

With NPS now its a common person gateway to Pension Schemes.

Dreams grow bigger : The Book (Rat Race to Financial Freedom) Launch mega experience

Dreams do come true... and this was one dream which i had been chasing for some time - launch of my maiden book. It has been more than 3 years since i started on this venture which finally culminated in the launch of "From the Rat Race to Financial Freedom". For sure, me and my family had a very proud and fulfilling day on 10th May 2013.

It was a jam packed and interactive audience, an inspiring chief guest speech, a supportive publisher, a first time author and GOD who made this day very special for me.

What are Chit Funds

Introduction

"Chit" is a Hindi word which basically means "Receipt" in the form of a small piece of paper. The formal English meaning closest to this is "a short letter or a note". A Chit fund is a kind of savings scheme practiced in India. For someone seeking a loan, it is a source of costly, but convenient, credit. For the small saver, it is an option that enforces monthly investment discipline. And for the un banked rural investor, it is a crucial step towards financial inclusion.

Media coverage : Hindustan Times Mumbai Edition 5th May 2013

We had a great book launch event yesterday for our book: From the Rat Race to Financial Freedom.

Soon, I will be posting a few snaps and uploading a few videos soon. 

The book has been off to a great start and i know that i will find enough people around me who would be willing to go the extra mile, get to financial freedom, and then go on to bring a change in our society and the world - one at a time.

Attached is the snap of the first coverage of the book in the media. This was published in Hindustan Times as a part of HT Cafe in the Sunday, 5th May 2013 Mumbai edition. This lists my selection of five best books that i recommend to the HT readers.

Get started : http://www.ratrace2freedom.com


Cheers

Manoj Arora

Double Indexation Benefit on Debt Funds

Background

Many investors park their surplus fund in fixed maturity plans (FMPs) and other debt funds in March every year to take advantage of the double indexation benefit and to bring down (and almost eliminate) the tax liability on returns.