Hugh Jackman is back to host the Academy Awards. He welcomes Daniel “Mr. Bond” Craig and Sarah Jessica Parker, from the “Sex & The City”. They announce the award for Art Direction.

And the award goes to The Curious Case of Benjamin Button. Donald Burt and Victor comes to collect it.

The award for best Costume Designer goes to Michael O Connor for The Duchess.

The award for best Make Up goes to Curious Case of Benjamin Button. Greg Cannom wins it. More than make up, he seems to be too fast at pronouncing names he wanted to thank in his 45 second speech.

Benjamin Button receives its second Oscar award.

Time is 9:27 PM EST

The vampire star from The Twilight comes to announce “Romance of The Oscars”.

Ben Stiller and Natalie comes to announce the best award for the Oscars. Ben Stiller looks funny with that beard and dirty chewing gum. He says Slumdog Millionaire was shot on the cellphone. He looks lost J, pretending funny- may be…Oh yeah, talking about the wizard cinematography.

Who will win this award – Slumdog ? Lets wait and watch.

And the Oscar goes to Anthony Dod Mantle for Slumdog Millionaire. He wants to thank 1000 people but can’t.

Congratulations – The Slumdog Millionaire team for the second Oscar award. I am excited!

Time is 9:36. Time for a break!…

Image Credit: MasterOrz

Popularity: 21%

The Oscar fever has caught on and for the first time, I am blogging live watching the Oscars, from the comforts of my home. Nothing can beat this experience. Seeing it live, munching my favourite triscuit, watching my two kids screaming louder than the Oscar host and blogging as Slumdog Millionaire is about to win Oscars – At this point, I don’t know how many, though!

The expectations are high among Indians that music maestro AR Rahman, who has bagged three nominations for “Slumdog Millionaire”, will bring home the coveted trophy. What a moment that will be!

Other two Indian films vying for the glory are “Smile Pinki” and “The Final Inch”.

The time is 8.30 PM EST.

Ok, the Oscar Awards has begun and so is this live blogging.

The time is 8:33 PM

Singer, Dancer, Actor Hugh Jackman enters the show with startling display of his talent. He starts of with the song on Slumdog Millionaire, moves onto Benjamin Button – what a startling display, picks up Anne Hathaway for an impromptu dance. Jackman performs about the other movies – The Reader, The Wrestler and Nixon. What a Live Performance that was!

The time is 8:40 PM

Hugh Jackman introduces all the nominees including Mickey Rourke, the couple – Brad Pitt & Angelina Jolie, the guy who played Nixon, Demi Moore.

The time is 8:45 PM

5 yesteryear Oscar actress winners including Whoopi Goldberg introduces Penelope Cruz, Marisa Tomei, Demi Moore et al.

Penelope Cruz wins Oscar for the best actress. She goes to the stage and thinks she would faint…but doesn’t. She gave an emotional speech saying it is art which unites the universe. You are too good and beautiful. Penelope – Congratulations !

The time is 8:54 PM

Some type pad clicks. Few sentences and sounds of a typewriter. I don’t know what is happening.

Enter Steve Martin and Tina Fei. They starts joking around, as usual and soon picks up the mike for announcing the best screenplay. Now I understand why there were those type sounds.

The best screenplay award goes to Dustin Lance Black for Milk. Dustin, on the stage, emotionally talks of “Hope” for Gays and Lesbians across America.

Next comes the award for the best adopted screenplay…and the award goes to Simon Beaufoy, the writer for Slumdog Millionaire.

Oscar # 1 for Slumdog Millionaire. Wondering why Vikas Swarup for Original Screenplay. But yes, he thanked Vikas Swarup and the other two musketeers and his love for India.

I am so excited now. My friend, Madhavan, who wrote Will Slumdog Millionaire Win the Oscar Awards, pings me on Gmail. We exchange congratulations for the first in the kitty and many to go.

The time is 9:03.

Enters Kungfu Panda and his star friends…I am talking of Jack Black and Jennifer Aniston. He is hilarious.

The best animated feature film goes to Wall-E. Oscar is taken by Andrew Stanton. He thanks everyone..nothing extraordinary of a speech. The show goes on

The best animated short film goes to La Maison En Petites. Kunio Kato collects the award and “Sanks” everyone!…Sankooo..meaning Thank You.

Time for a break!

Popularity: 34%

If you invest in tax saving schemes right now, you can get your money back early. For example: If you have planned to invest in Fixed Deposit which can’t be withdrawn for 5 years, if you deposit today you will get your money back in 2013 December and you can use this money for tax investment again. Where as if you save it in March, you will get it back only in 2014 March and you will have to again go in search of cash.

Most of us spend all the cash in hand all through the year and try to find some cash in March. If we don’t find cash in March then your tax plan will go wrong.

Some people are of the opinion that even if I save on 31st March it will still come under this financial year, but this is not clever thing if you are trying to invest in Tax Saving Equity linked funds (ELSS) or Public Provident Fund. You will stand to loose 4 months of interest free income.

Some of us will wait till the year end to submit the medical bills or bills of books purchased for research etc. There is a chance of bills getting lost. It’s better to submit these bills every month to the concerned department in your office.

What about the investments I have made in the financial year ?

Before making any tax saving investments, it is always better to review the investments you have already made in the current financial year. In case you have made investments through Systematic investment planning (SIP), or already contributed to PPF, add all the amounts and plan for the remaining amount.

Get your calculations right:

• For employees there is PPF and it will anyway come under Section 80C. Some employees also would have taken health insurance, life insurance, or group insurance policy. First calculate the amount you have already paid towards premium.
• For those who have taken home loan, calculate the EMI you have paid for all the months. See the interest and principal component in that. You can get the principal paid on the loan exempt under Section 80C. You can claim exemption on interest up to 1.5 Lakh per annum.
• Also take into consideration, the tuition fee you have paid for your kids (allowed only for 2 kids).
• Take into consideration all the above and then decide on the amount for which you have to do tax planning.

• After all your tax planning is done if you are falling under 10% tax bracket and tax payable is not less than two to three thousand, it’s better to pay the tax instead of making investments only for saving these two or three thousands.
• Accounts folks in your office would have already informed you the amount of tax payable. Once you have calculated the amount invested so far, return from the amount invested, and the amount to be invested, all that you need to decide is to where to invest.
• If you don’t have the appetite to take risk invest in National Savings Certificates and Bank Fixed Deposits and if you are planning to invest for long term, put your money in Public Provident Fund.
• If you have the ability to bear risk, invest in Tax Saving Funds or ULIPs.

Instead of investing your money at once, it’s better to choose SIP and invest in 5 equal installments.

Image Credit: Kevin

Popularity: 26%

I often wonder when I read about the bailout packages dished out by Governments all around the world to aid banks and other financial institutions that are on the verge of bankruptcy especially the amount of money spent in bailouts in last couple of months is staggering. I am even surprised that there was not a single protest from anywhere and these financial criminals go unpunished. It is the common man who is going to bear the burden of additional tax and increased debt.

Why should tax payer’s money be used for bailing out greedy banks and corporations that have done business only with profit as motive and no concern for morals or ethics and absolutely no concern for the consequences for their acts. Putting public money in corporate coffers is just not acceptable. Financial crisis that has happened is a man made crisis done through substandard policies, deregulation and greed. I can understand putting in public money for natural disasters like earthquakes or folds. Governments all over the world have spent trillions of dollars on bailouts already

This kind of bailout is ABSURD!

We must collectively protest this .This is real money, my money, your money, our money which is hard earned paid in the form of tax.

Why should banks and financial institutions which never cared about the creditworthiness of people who lined up for loans or the soundness of derivatives business be rewarded. We should not allow government to write checks on tax payers’ account. This measure will increase the budget deficit by a significant amount, with no guarantee of recovering the amount and not holding anyone accountable for the misdeeds they have done.

What is the signal you are sending to the corporate world and investors through these bail outs? Do your businesses as you like and we will reward you for the blind errors you might commit. Is this the right way?

As far as I am concerned, there should be a thorough probe into the events that have led to this disaster and every CEO, Executive or Government who were part of this financial carnage should be jailed, their assets sold and put in a bailout fund.

It is time to wake up and realize that greed is the basis for all the financial disasters and find a way, may be strict disclosure norms, increasing the transparency in strategic decision making, making one responsible for his actions and

Few weeks back Finance Ministers of several Asian, Europe and Americas countries met and decided to act rapidly on the financial crisis

And now stock markets are being artificially manipulated by bailouts by governments.

When corporations see that the demand is coming down , it is natural for the stock to take a beating. But every other day we see CRR, SLR rate cuts which means our money is loaned back to us and the market stages a rally of any significance. FIIs and Badla traders slowly and routinely remove their money from our markets to invest elsewhere leaving the retail investor in a fix.

It is certainly not a good thing for a responsible, saving, taxpaying citizen, with no defaulted loans or credit card debt to compensate for the that Wall Street gamblers will go bust on their stupid and greedy bets, over-leveraged and poorly managed businesses with huge losses.

Let me tell you some interesting fact. Lehman has set aside $2.5 billion as bonus for their employees even as they went bankrupt for the great performance they showed in pushing the bank to bankruptcy.

What do you call this?

Popularity: 31%

This time they are after shaking up the Internet and broadband market of India. Reliance Infocomm has forged an alliance with 5 hardware vendors to offer free laptops with Internet to their customers.The companies, which have entered into this agreement, are Acer, Asustek, HCL, Infosystems and Lenovo.
What we are referring to here is the brand new offer that Anil Reliance Infocomm wants to bring to table for India. 

Image Courtesy: Engadget.com

These devices are expected to have Intel’ ‘Atom’ processor. While it is still not very clear whether these would be a laptops or custom net books, it is very clear that they are soon hitting the market. Acer however seems to have confirmed that it providing net books for this deal.

Reliance believes that with only 12 Million Internet subscribers there is huge potential to take Internet penetration to next level. It is very likely that Reliance would create the sensation that it created in mobile market as this whole deal is priced at Rs. 1500 a month with a contract of 2 years.

While Reliance is doing this, certainly rest of the players in the market will shift gears to do something similar and hopefully consumers will stand to benefit from this.

Very eager to see whole country going Internet savvy! Go Reliance Go!

Popularity: 20%

Image Credit: jabr-woky

The legal documentation of the distribution of the Estate (Assets) effective after the death is called a WILL or ESTATE PLANNING.

It is very common that there could be lot of disputes while doing the partition of the properties among the children by the middleman/arbitrator in the absence of a ‘will’.

A will is normally prepared by a person when he crosses 55 or 60 years depending on his health conditions. While preparing a will, the following points should be taken care of:

List of Assets

Include all assets (all properties – both movables and immoveable, deposits, stock, bonds, Mutual Funds etc.). If this is not done properly, there is every chance that one of the children who knows about the excluded or omitted property may be inherited by him depriving the other children.

In some cases we find the other children, although they are aware about this unaddressed property, keep silent about this due to age, financial weakness, fear for straining the relationship etc.

This defeats the very purpose of the will

Care for caring child

Child taking care of the parents is eligible and should be given additionally in accordance with or proportionate to the requirements for his noble services, but at the discretion of the parents.

Understandable disparities

There could be a disparity while setting aside the properties between the son and daughter. When the parents feel that they have spent huge sum for their daughter’s wedding when compared to the son’s education etc., in such cases, the son’s portion should be greater than that of the daughter proportionately but again, according to the discretion of the parents. This has to be communicated to both children in advance inorder to avoid any ill feeling or discontentment.

Undesirable disparities

Supposing that one of the two children is doing very well (financially) in life and the other is leading a below average life as he could not come up in life, in such case there should not be any disparity while distributing the assets. In other words, the person should not be punished just for the reason that he is doing well in his life.

When we think of preparing a will, the same should be ‘fair and equivocal’. This could vary from one situation to another. The best option to make it fair and equivocal could be to seek the help of a Certified Financial Planner.

Happy Planning!

Popularity: 9%