What Is Big With Sukanya Samriddhi Account aka Selvamagal Semipu With Calculator Chart

The talk of the town and many places are about a new scheme going hot on whatsapp circulation, it is not about “Sukanya Samriddhi Account”, and it is about making money or a kind of investment to the expectations of people who are looking to make easy money. The scheme about parents having a daughter who is below 10 years, they need to open an account in her name by paying Rs. 1000 for the first time and has to pay Rs. 100 every month till she completes the age of 21 will get Rs. 6,50,000 for her marriage. How it is possible? Even one who opens an account for his or her infant baby and pays that monthly Rs. 100 at the age of 21, with interest it will come to Rs. 40,000 or so, but how come the amount jump to Rs. 6,50,000 seems a fake message in the name of “Selva Maghal Thirumana Thittam” (Disclaimer: Please, check for such a scheme).

If you google and do a search for “Selva Maghal Thirumana Thittam”, you will find a lot of marriage halls in Tamil Nadu but not the information about scheme. What I found was “Sukanya Samriddhi Account” or “Selvamagal Semipu”, which is a Girl Child Prosperity Scheme where a parent or guardian needs to open an account in girl’s name in a post office or authorized commercial bank and earn an interest currently 9.1% (FY 2014-15)  to whatever the amount the deposited in that account to a maximum cap of Rs. 1,50,000 per account per year and the amount is exempted under section 80C of income tax, India.

Be sure that one may not get Rs. 6,50,000 on paying Rs. 100 every month till the girl attains the age of 21, it is a Girl Child Prosperity Scheme named “Sukanya Samriddhi Account” launched with effective notification from Ministry of Finance with notification number G.S.R.863(E) Dated 02.12.2014, scheme will be governed by ‘Sukanya Samriddhi Account Rules, 2014’

Under the scheme, an interest of 9.1 per cent is provided on deposited amount which is tax free. The account under this scheme a saving account can be opened by the parent or legal guardian of a girl child of less than 10 years of age (born on or after: 02-December-2003; For FY 2014-15) with a minimum deposit of ₹ 1,000/- in any post office or authorized branches of commercial bank.

Partial withdrawal up to 50 per cent of the account balance is allowed to meet education expenses of the girl child till she attains 18 years of age. The account will remain operative for 21 years from the date of opening of the account or till marriage of the girl child.

Features Of Sukanya Samriddhi Account

• Per girl child only single account is allowed. Parents can open this account for maximum two girl child. In case of twins this facility will be extended to third child
• Minimum deposit amount for this account is ₹ 1,000/- and maximum is ₹ 1,50,000/- per year.
• Money to be deposited for 14 years in this account.
• Interest rate for this account is 9.1% per annum, calculated on yearly basis ,Yearly compounded.
• Passbook facility is available with Sukanya Samriddhi account.
• From FY 2015-16 the interest earned on account will be tax exempted. As per Finance Bill 2015-16.

Document required for opening Sukanya Samriddhi Account:-

Birth certificate of girl child along with  Address proof and Identity proof of parent or gurdian of the girl child.

Below chart is to understand the amount invested and final amount to be received till the girl child attains the age of 21 in Sukanya Samriddhi account. Table gives a clear picture for yearly investment of Rs. 1,000.00 and Rs. 1,50,000.00 for a investment period of 14 years.

Thanks to my investment ideas: http://goo.gl/dfJ0eF 

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Over Rs. 4 lakh worth valuables stolen in Visharam

Valuables worth Rs.4.20 lakhs including a diamond necklace, gold jewels weighing 20.5 sovereigns, 250 g of silver articles and a cell phone were stolen from a locked house in Saleem Nagar in Keezhvisharam in Arcot Town Police Station limits on Tuesday night.

According to the police, Mohammed Basha, a professor in a private engineering college in Melvisharam locked the house and went to Bangalore with his family members on Tuesday afternoon to see the wife of his friend who had been admitted to a hospital.

When he returned home in the early hours of Wednesday, he found the lock of the main door broken open. The valuables kept in the cupboard were missing. On his complaint, the Arcot Town Police registered a case. Subbiah, Inspector of Arcot Town Police Station is investigating the case.

Source: THE HINDU

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10 Workers Killed in Wall Collapse at Industrial Plant in Tamil Nadu

Vellore, Tamil Nadu, India: Ten people, all reported to be factory workers, died after a wall collapsed today in an industrial plant in Vellore district of Tamil Nadu.

The accident happened in the SIPCOT industrial area in Vaniyambadi after a waste treatment plant at the site burst open and the sledge knocked down the wall, which collapsed on the workers sleeping in the adjoining plot, say police officials.

Seven of the deceased victims are migrant labourers from West Bengal, says the police at the spot.
Story first published: Jan 31, 2015 07:51 IST

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Fleshing Energy by Lian Chawii of Down To Earth

Tanneries in Tamil Nadu now use the fleshings produced by them to generate electricity published on Oct 31, 2001 | From the print edition - http://www.downtoearth.org.in/node/17142

THE tanneries in India have a reputation that they can do without. In Vellore, Tamil Nadu, the tanneries are working to save their reputation by generating green electricity . They have set up a biomethanation plant which uses the fleshings produced by them to generate electricity for its common effluent treatment plant (CETP). By installing the plant the tannery has been able to do two things -- one, reduce the stench of putrefaction and pollution that the fleshings used to produce, and two, generate electricity from waste.

In India, there are around 3,000 tanneries and more than one third of them are located in Tamil Nadu. These tanneries, mainly concentrated in Melvisharam, process 300,000 tonnes of hide and skin per year and generate around 140 tonnes of fleshing per day. Fleshings are the flesh scrap generated during the process of conversion of skins and hides into leather. With proper means of disposal absent, these fleshing -- a health hazard -- are often thrown indiscriminately, creating an obnoxious smell and an unsightly appearance.

Earlier, the fleshings were used to manufacture glue, but the market for it declined with the emergence of synthetic glue. They were then disposed in landfills, but this contaminated the groundwater, causing the total dissolved solids in groundwater to go as high as 4,900 mg per litre in certain areas, which is about ten times beyond the permissible level. Incineration too had its own problems. "The quantity was too large to manage, it gave an obnoxious odour," says Alwar Ramanujam, assistant director, department of environmental technology at the Central Leather Research Institute (CLRI) in Chennai.

But with the biomethanation plant in place, the people living in the tanneries' vicinity will be able to live in a less polluted environment. The capital cost of the plant is Rs 1.57 crore. The Union ministry of non-conventional energy sources has paid 60 per cent of it, with United Nations Industrial development Organisation providing another 17.5 per cent. The Indian Renewable Energy Development Agency and other beneficiaries have met the remaining cost. "The concept was new to India, so everyone was apprehensive in the beginning," says Ramanujan.

The biomethanation plant, which began operation in January 2000, is designed by a French engineer, Michel Aloy and maintained by around 15 tanneries with the technical assistance from CLRI . It has two digesters of 130 cubic metre capacity and is designed to process five tonnes of waste per day -- three tonnes of fleshings and two tonnes of primary sludge from the treatment plant. The fleshings and other solids are collected daily by trucks from the tanneries and deposited at the plant. The fleshings are then minced to peices of about six micron diameter and then mixed with the primary sludge. After it is homogenised, the mixture is fed into a feed chamber.

The primary sludge from the CETP , which contains 90 per cent liquid, is used to run the plant, thus solving the need to use large quantities of clean water. Operating a biogas plant usually requires equal amount of water and fleshing. "Fortunately, the fleshings also contain around 80 per cent liquid," says P A Shanmugan, senior scientist at CLRI .

From the feed chamber, the substrates are transferred to the first digester. It takes 26 days to fill both the digesters, after which five cubic metres of the substrate is taken out from the second digester and a similar amount is added to the first digester. The fleshings are retained in the digester for 26 days. Biological process then takes place inside the digester at 32-34 C. The bacteria converts organic pollutant to methane. A safety valve releases the gases produced. Apart from lime, which is used to neutralise the acidic content of the flesh, no chemicals are used. The remaining scum is taken out by a centrifugal pump, which separates the solids from the liquid, from the top of the digester. The solid material is then directed back to the bottom of the digester.

The plant generates around 312 cubic metres of gas and 1,200 kwh of power daily, out of which 250 kwh is used to operate the plant. The remaining 950 kwh is used to meet the partial requirement of the CETP . According to Shanmugan, the CETP consumes 7,500 kwh of energy per day.

Though there are around 36 tanneries in the locality that generate a total of around 12-13 tonnes of fleshings per day, the plant can take only upto five tonnes right now. But plans are afoot to set up more on the same lines.

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SIM-swap fraud: Digitally Stealing Your Money

 Mobile phones or gadgets are the most convenient tool to access our banking services, on the other side fraudsters are now-a-days are highly skilled to steal your money. One of the current trending news is the use of SIM-swap method used by these fraudsters.

It is worthy to bring awareness to our gadget freak Visharami on how to prevent such kind of frauds and protect our hard earned money.

Be sure that your mobile phone always show network signals or connected to network. Check whether or not receiving calls or text messages for unusually long periods.

Do not switch-off your mobile phone if you are receiving numerous calls, fraudsters may trick you to switch-off your phone so that you do not notice any fraudulent transaction SMS etc or try to prevent you from noticing a tampered network connection to accessing your bank accounts.

Indian financial systems are one of the most secured system, still fraudsters may trick you, be vigilant to any SIM swap or other financial SMS messages receiving on phone. Always have a watchful custody of your mobile phone or other gadgets used in for your financial transactions.

Be sure that whether you lost your money from smart phone or lost your wallet or lost the money on the road, it gives the same emotion.

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