Monday, February 28, 2005

Usual Day!!!

I reached bangalore in morning.Now that I have joined the US based MNC,the training goes on and on..it goes at a snail's pace and I really feel bored to read documents for the whole day.The Central budget for the financial year 2005-2006 was announced.One policy that I was really upset was to pay 0.1% tax for every Rs.10000/- you withdraw cash from the bank.The finance Minister P.Chidambaram has intorduced this to curb Black Money.But this mainly affects middle class and also upper middle class.As stated aptly in the letters to the editor column of THE HINDU,all the IT companies credit the employees' salary in the banks and when we need to withdraw for the house hold expenses.everytime we would end up paying 0.01% of the amount exceeding 10k.I would have to think harder to transfer my money to other bank a/c without withdrawing the money..Lemme think the better way of doing it.Otherwise I would say the budget is ok with what understood from the budget.

I'ld be moving to a new house (rented apartment) in New Thippasandra which is about 2 kms from my office.I would be staying with my schoolmate and his collgemate.Hope to stay in that apts for atleast an year.Got to service my Nokia 2300 mobile.I dont know what the heck is happening with the software.I think this would be the second time I would be rewriting the software.BTW the mobile is 8 month sold..planning to buy a Motorola Mobile next month...
~Arvi

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