Sunday, July 29, 2012
10 documents to secure before you die
IMPORTANT FOR ALL OF US...
Keep these essential papers in place and inform at least one family member so that your heirs don't have to run from pillar to post to inherit what is rightfully theirs.
1) Primary documents
These include your birth certificate, marriage certificate, PAN card, passport, election ID card and the Aadhaar card. Will be needed when transferring assets to your heirs.
2) Insurance details
The purpose of life insurance will be defeated if your family is in the dark. Make a list of all the policies, mentioning the name of insurers, policy numbers, insured sums and the tenures.
3) Pension documents
If you have an NPS account, mention the account number and nomination details. Give the pension account number with your employer.
4) Property papers
All property-related documents should be in one place. If the property is mortgaged, keep photocopies. Mention the loan account number and the latest outstanding amount. If property is insured, mention policy coverage.
5) Bank account details
Make a list of various bank accounts, giving the name of the bank, the account number, holding pattern and the nomination details.
6) Bank locker details
Mention the name of bank, locker number, ownership pattern and whereabouts of the key. Maintain an inventory of items kept in the locker and update every time you operate it.
7) Demat account details
Give the name of depository partner, demat account number and nomination details. If possible, update the details of the securities in the demat account.
8) Other investments
Give details of the PPF account and folio numbers of other post office investments. Make a list of mutual fund investments, mentioning folio numbers, ownership pattern and nomination details.
9) Loans and Receivables
If you have taken or given private loans to relatives or friends, mention the amount and the date by when these are payable/receivable.
10) Online 10 passwords
Though these are to be kept secret, keep a list for emergency reference. Mention the website, the online ID and the password.
Keep this in mind
This information is to be kept secret and accessed only if the main breadwinner of the family has either died or is in a medical emergency.
Make sure to update the information regularly. How often you do this depends on your convenience and the changes in investments.
The information listed above is very basic. you may want to add more details of other assets along the same lines.
You may want to make an online version of this information as well, but make sure it is on a secure site.
1) Primary documents
These include your birth certificate, marriage certificate, PAN card, passport, election ID card and the Aadhaar card. Will be needed when transferring assets to your heirs.
2) Insurance details
The purpose of life insurance will be defeated if your family is in the dark. Make a list of all the policies, mentioning the name of insurers, policy numbers, insured sums and the tenures.
3) Pension documents
If you have an NPS account, mention the account number and nomination details. Give the pension account number with your employer.
4) Property papers
All property-related documents should be in one place. If the property is mortgaged, keep photocopies. Mention the loan account number and the latest outstanding amount. If property is insured, mention policy coverage.
5) Bank account details
Make a list of various bank accounts, giving the name of the bank, the account number, holding pattern and the nomination details.
6) Bank locker details
Mention the name of bank, locker number, ownership pattern and whereabouts of the key. Maintain an inventory of items kept in the locker and update every time you operate it.
7) Demat account details
Give the name of depository partner, demat account number and nomination details. If possible, update the details of the securities in the demat account.
8) Other investments
Give details of the PPF account and folio numbers of other post office investments. Make a list of mutual fund investments, mentioning folio numbers, ownership pattern and nomination details.
9) Loans and Receivables
If you have taken or given private loans to relatives or friends, mention the amount and the date by when these are payable/receivable.
10) Online 10 passwords
Though these are to be kept secret, keep a list for emergency reference. Mention the website, the online ID and the password.
Keep this in mind
This information is to be kept secret and accessed only if the main breadwinner of the family has either died or is in a medical emergency.
Make sure to update the information regularly. How often you do this depends on your convenience and the changes in investments.
The information listed above is very basic. you may want to add more details of other assets along the same lines.
You may want to make an online version of this information as well, but make sure it is on a secure site.
Friday, July 27, 2012
108 Giant Chinese Projects That Are Reshaping The World... - worth having a look at !
108 Giant Chinese Projects That Are Reshaping The World There is an old Chinese saying that goes: If you want to be rich, you must first build roads. And, boy, have they built some roads: In the past year, we've seen the world's longest sea bridge, the world's longest gas pipeline and
a high-speed railway that's left everyone else in the dust literally.
The resultant infrastructure push is incredible. A list of 108 super projects is floating around Chinese message boards and we picked out the 45 coolest ones to showcase here. From highways spanning the continent, to the largest wind power base in the world, to a modern Silk Road that links Europe and India, to new cities in the desert, $1.7 BILLION: The Wuhan Tianxingzhou Yangtze River Bridge is a combined road and rail bridge across the Yangtze River in the city of Wuhan $1.7 BILLION: The Nanjing Metro Line was completed in 2005 and is used by almost 180 million people a year $1.8 BILLION: The Shanghai Yangtze River Tunnel and Bridge is the fifth longest cable-stayed bridge in the world $1.9 BILLION: The Chengdu Shuangliu Airport will handle 35 million passengers annually $2.12 BILLION: The Wuhan Railway Station serves the world's fastest trains at 217 mph $2.2 BILLION: At 128 stories, The Shanghai Tower will be the tallest skyscraper in China and the second tallest in the world when completed in 2014 $2.2 BILLION: The Qinshan Nuclear Power Phase II will add to the Qinshan plant and have the most nuclear reactors of any site in the world $2.88 BILLION: The Hongyanhe Nuclear Power Plant is the first nuclear power station in northeastern China and will reach 45 billion kWh annually $3 BILLION: The Great Gabon Belinga iron ore mine is China's largest African mining operation $3.3 BILLION: The Tianjin offshore drilling rig is China's national base for offshore oil development $3.5 BILLION: The Beijing Capital International Airport Terminal is the largest single construction project in China and the third largest building in the world $4.5 BILLION: Lingang New City, a planned city to be completed in 2020, will house almost 1 million people $6.3 BILLION: The Xiangjiaba Hydro power Project is expected to be completed by 2015 and generate 31 billion kwh annually $5 BILLION:The Shanghai-Hangzhou maglev project will create the fastest inter-city train in the world at 280 mph $6.3 BILLION: The Beijing South Railway Station is Asia's largest railway station $6.5 BILLION: China is one out several countries that signed a contract to re-construct the ancient Silk Road linking China and India with Europe $6.76 BILLION: Xiluodu Dam will be the third tallest dam in the world and second largest hydro-power station in the country. $7.89 BILLION: The Su-Tong Yangtze River Bridge is the world's longest cable-stayed bridge $8 BILLION: The Shanghai Yangshan Deep Water Port Project will handle the largest container ships in the world $8.3 BILLION: The Nigerian Railway Modernization Project is China's largest overseas project $10.2 BILLION: The Yangjiang Nuclear Power Station in Guangdong province will be the biggest nuclear power plant in China $10.2 BILLION: The Guangdong Yangjiang Nuclear Power Station will be China's newest power plant when completed in 2013 $10.7 BILLION: The Hong Kong-Zhuhai-Macau Bridge project will connect two huge regions when completed in 2016 $12 BILLION: The Hainan Wenchang Space Center launch project will be the countrys newest launch center $14 BILLION: The Harbin“Dalian High-Speed Railway will serve the first high speed train in northeast China $16 BILLION: Hangzhou Bay Bridge is the world's longest cross-sea bridge project $18.2 BILLION: The Jiuquan Wind Farm will be the largest wind power base in the world when completed in 2013 $23.1 BILLION: The Kunming New International Airport will be China's 4th largest aviation hub With no room for expansion at the current Kunming Wujiaba International Airport, the local government decided to build a new airport tentatively called Kunming Xiaoshao International Airport. With the completion of the new Kunming, the old Kunming will be demolished and all operations will be transferred from the old to the new. $33 BILLION: The Beijing Shanghai High Speed Railway is the world's longest high-speed rail project $44 BILLION: China is one out of 32 countries who signed an agreement for the construction of highways to span the continent and reach Europe $45.4 BILLION: The Ningxias Ningdong Energy and Chemical Industrial Base will double the provinces GDP and generate $30.3 billion after the planned 2020 completion $62 BILLION: The South-to-North Water Diversion Project is expected to divert 44.8 billion cubic meters of water to the north by 2050 $306.7 BILLION: The "Turn the Pearl River Delta Into One" will result in an urban "mega-city" bigger than Wales $458 BILLION: The Tianjin Harbor Industrial Zone is one of the largest chemical ports in the world Other Great Chinese Infrastructures worth mentioning $2.6 billion: China's construction of the Libyan coastal railway project $4.5 billion: Guangzhou Nansha Lair shipbuilding base project $5.0 billion: Niger oil project$5.4 billion: Changxing Shipbuilding Base will be the world's largest shipbuilding base project $7 billion: Sudanese oil project $7 billion: China's construction of the Algerian East-West Highway Project $10.7 billion: Baosteel million-ton steel base project in Zhanjiang East Island$11.7 billion: Rural Market Project $20 billion: Portland Oilfield Sinopec investment $26.8 billion: Tianjin ethylene project $38 billion: Zhangzhou and Fuzhou-Xiamen railway projects $77.5 billion: Super markets projects $77.5 billion: Liaoning Hongyanhe Nuclear Power Project $237 billion: State Environmental Protection Eleventh Five-Year Plan $800 billion: Zhejiang Sanmen nuclear power project $900 billion: Northern Energy and Chemical Base project$1 trillion: Tianjin Binhai New Area investment But is China building faster than the market can keep up? |
China's wind power
CNN's John Vause reports on China's efforts at wind powered energy.
Wednesday, July 25, 2012
Subscribe to:
Posts (Atom)