Introduction of new Stand alone Broadband Plans by BSNL Chennai Telephones

B S N L Promotional offer

BSNL Chennai Telephones is introducing New Broadband Plans: BBG 500 CS5 -  Offer for 90 days from 21.11.11 BB Home ULD 750 CS7 - Offer for 90 days from 24.11.11 BB Home ULD 900 CS8 - Offer for 90 days from 24.11.11 on  promotional basis for a period of 90 days in  Chennai Telephones District area.   The tariff and other relevant details are available  in http://chennai.bsnl.co.in/News/New%20Bbplans_24112011.htm

                      

             

L&T Infra Tax Saving Bonds 2011B Series - open from 25.11.2011 - 24.12.2011

 L&T Infra Tax Saving Bonds 2011B Series issued by L&T Infrastructure Finance Company Limited (L&T Infra) is open from 25.11.2011 and will close on 24.12.2011. L&T Infrastructure Finance Company Limited is promoted by the engineering and construction conglomerate Larsen & Toubro Limited (L&T) and L&T Finance Holdings Limited. 

• Tenure of the bonds of Rs.1000/- each, is 10 years  from the deemed date of allotment with buyback option at the end of 5 & 7 years.
• Minimum subscription of 5 bonds of Rs.1000/- each (investment Rs.5000/-) and in multiples of 1 bond of Rs.1000/-, No maximum limit.
• Interest at 9% per annum, paid annually or cumulative at the end of the term.
• Rated “CARE AA+” rating CARE and “[ICRA] AA+” from ICRA.
• Tax benefit under Sec. 80CCF for amount upto Rs.20,000/- only. 
• Bonds available in Physical as well as Demat form.  
• TDS shall not be deducted on interest with respect to bonds issued in Demat mode. TDS will apply with respect to bonds issued to investors in physical form.
• Collecting bankers to the issue: Axis Bank, City Union Bank, HDFC Bank, ICICI Bank, IDBI Bank, State Bank of India.

For further details:  http://www.ltinfrabond.com/index.aspx

SABARI/WINTER SPECIAL TRAINS by SOUTHERN RAILWAYS

Southern Railway Specials

The following special trains will be run by Southern Railwasy to clear the extra rush of passengers during the ensuing Sabari/Winter season.

1)      T. No. 06001 Chennai Central – Kollam Superfast Bi-weekly Special

Will leave Chennai Central at 15.15 hours on Tuesdays & Thursdays from 22.11.2011 to 19.1.2012 and arrive Kollam at 05.35 hrs. the next day.

2) T. No.06002 Kollam – Chennai Central Bi-weekly Special

Will leave Kollam at 11.30 hrs. on Wednesdays & Fridays from 23.11.2011 to 20.1.2012 and arrive Chennai Central at 03.40 hrs. the next day.

Stoppages at Arakkonam, Katpadi, Jolarpettai, Salem, Erode, Tiruppur, Podanur, Palakkad, Thrisur, Aluva, Ernakulam Town, Kottayam, Tiruvalla, Chengannur and Kayankulam

3)    T. No.06003 Chennai Central – Kollam Superfast Weekly Special

Will leave Chennai Central at 20.45 hrs. on Saturdays from 19.11.2011 to 21.1.2012 and arrive Kollam at 11.30 hrs. the next day.

4)  T. No.06004 Kollam – Chennai Central Weekly Special  

Will leave Kollam at 17.50 hrs. on Sundays from 20.11.2011 to 22.1.2012 and arrive Chennai Central at 10.45 hrs. the next day.

Stoppages at Arakkonam, Katpadi, Jolarpettai, Salem, Erode, Tiruppur, Coimbatore, Palakkad, Thrisur, Aluva, Ernakulam Town, Kottayam, Tiruvalla, Chengannur and Kayankulam. 

5)    T. No.06005 Chennai Central – Kollam Superfast Weekly Special

Will leave Chennai Central at 20.45 hrs. on Mondays from 21.11.2011 to 16.1.2012 and arrive Kollam at 11.30 hrs. the next day.

6)  T.No.06006 Kollam – Chennai Central Weekly Special

will leave Kollam at 17.50 hrs. on Tuesdays from 22.11.2011 to 17.1.2012 and arrive Chennai Central at 10.45 hrs. the next day

Stoppages at Arakkonam, Katpadi, Jolarpettai, Salem, Erode, Tiruppur, Coimbatore, Palakkad, Thrisur, Aluva, Ernakulam Town, Kottayam, Tiruvalla, Chengannur and Kayankulam.  

Advance reservation commences from on 17.11.2011.

Now, higher returns for small savings like PPF, MIS, etc.

 The Government has accepted the recommendations of an expert panel, headed by former RBI Deputy Governor Shyamala Gopinath, to move to a market-linked interest rate system for small savings schemes, which means, higher returns to millions of small savings investors.

The upper limit on PPF investment has also been increased to Rs.1 lakh per year from the present Rs.70,000/- annual investment ceiling.

The proposals accepted are:

Interest on Savings Bank Deposit to be raised to 4% from the current rate of 3.5%

Interest on 5 Year Time Deposit to be raised to 8.3% from the current rate of 7.5%

Interest on 5 Year MIS to be raised 8.2% from the current rate of 8%

Interest on PPF to be raised to 8.6% from the current rate of 8%

Interest on 5 year NSC to be raised to 8.4% from the current rate of 8%

Maturity for Monthly Income Scheme and National Savings Certificate to be cut to 5 years from the present 6 years.

Payment of 5% bonus on MIS maturity to be discontinued

Interest on loans form PPF raised to 2% per annum from the present 1%

New National Savings Certificate with 10 year maturity period is to be introduced with 8.7% interest per annum.

Return on PPF, Public Provident Fund scheme is expected to be 8.6% from the present 8%.

Kisan Vikas Patra (KVP) to be discontinued.

Introduction of online booking of Retiring Rooms at Chennai Central

Southern railway is adding one more feather in its cap by introducing on line booking of Retiring Rooms at Chennai Central. This passenger amenity  has been commissioned on 2nd November 2011.   The entire operation has been computerised by the Indian Railways with the system developed in association with Centre for Railway Information System (CRIS).  The entire operation is computerised thereby avoiding manual interference at any stage. This is a welcome move on the part of Indian Railways and frequent users will be much benefited by this move since this facility is open to all passengers 90 days in advance as applicable for normal reservation by trains and booking accommodation in retiring rooms can be done at the time of reserving the journey ticket itself.

Also the passenger seeking accommodation at Retiring Room at various stations can  approach the matron of Retiring Room quoting the PNR number at the time of reserving the journey ticket. 

For passengers cancelling the journey, retiring room reservation can also be cancelled and refunds will be made as per rules.

The computer system has been enabled in such a way that the passengers will be able to know the vacancy position of retiring rooms at various location where on line booking is already  commissioned. 

At present this facility is available to 18 stations in Indian Railway including Chennai Central, Madurai and Rameswaram and to Chennai Egmore station shortly.