book reviews and living in Thailand

Author: Krishna Bhagwandas

Make money with zoombucks from anywhere
Zoombucks, now known as GrabPoints, is a platform that allows users to earn points for completing various online activities such as surveys, watching videos, playing games, and more. These points can then be redeemed for gift cards, PayPal cash, or other rewards. I’ve used it but I’m yet to cash out. I’ve been able to leverage the “watch videos” to get some decent points. It won’t make you rich or replace your regular income though. If you’re looking to make money with Zoombucks (GrabPoints), here are some steps you can take:
1. Sign Up: Create an account on the Zoombucks (GrabPoints) platform. You’ll need to provide some basic information and confirm your email address.
2. Complete Surveys: One of the primary ways to earn points is by completing surveys. Zoombucks (GrabPoints) partners with market research companies that offer surveys on various topics. Fill out surveys honestly and thoroughly to earn points.
3. Watch Videos: You can earn points by watching videos on the platform. These videos may include advertisements, product demonstrations, or other content. Keep the videos playing in the background while you do other tasks to accumulate points.
4. Play Games: Some platforms offer points for playing online games. If Zoombucks (GrabPoints) offers this option, you can earn points by playing games and reaching certain milestones.
5. Complete Offers: Zoombucks (GrabPoints) often has offers from advertisers, such as signing up for free trials, downloading apps, or participating in special promotions. These offers typically offer higher points, but be cautious and only engage in offers that genuinely interest you.
6. Refer Friends: Many rewards platforms, including Zoombucks (GrabPoints), offer referral programs. You can earn points by inviting friends to join the platform using your referral link. When they sign up and start earning points, you’ll receive a referral bonus.
7. Daily Check-In: Some platforms offer daily check-in bonuses. Log in to your Zoombucks (GrabPoints) account regularly to receive these bonuses, which can help you accumulate points over time.
8. Explore Special Promotions: Keep an eye out for special promotions and events on the platform. Zoombucks (GrabPoints) may offer limited-time opportunities to earn extra points or bonuses.
9. Redeem Points: Once you’ve earned enough points, you can redeem them for gift cards to popular retailers, PayPal cash, or other rewards available on the platform. Choose the reward that aligns with your preferences and needs.
10. Be Patient and Consistent: Earning money through platforms like Zoombucks (GrabPoints) takes time and consistency. While the earnings may not be substantial, they can add up over time with regular engagement.
It’s important to note that while platforms like Zoombucks (GrabPoints) can provide an opportunity to earn extra money online, the earnings may not be significant. Additionally, be cautious of any platform that asks for personal or financial information or promises unrealistic earnings. Always do your research and ensure the platform is reputable before investing your time and effort.
August 8, 2023
How RERA Enhances Transparency and Protects Buyer

The Indian real estate sector, once plagued by opacity and ambiguity, has undergone a remarkable transformation with the introduction of the Real Estate (Regulation and Development) Act, commonly known as RERA. Enacted in 2016, RERA aimed to instill transparency, accountability, and fairness into the realm of real estate. Let’s delve into some key provisions of RERA that have revolutionized the industry, ushering in a new era of trust and credibility.

1. Transparency through Approved Plans One of the cornerstone provisions of RERA mandates that developers must submit the originally approved plans for their ongoing projects. Moreover, any modifications to these plans cannot be undertaken without obtaining the written consent of the investors or buyers. This measure ensures that developers adhere to their commitments and deliver on their promises. By preventing unauthorized deviations, RERA paves the way for a more transparent and reliable real estate sector.

2. Shift to Carpet Area Pricing Under RERA, properties are now sold based on the carpet area rather than the super built-up area. This shift is a boon for buyers as it eliminates confusion and ambiguity surrounding the actual usable space. This change ensures that buyers pay for the actual area they will occupy, promoting fairness and eliminating the age-old practice of inflating prices based on built-up space.

3. Investor Protection through Timely Delivery Delays in project completion have long been a major concern for property buyers. RERA addresses this issue by granting investors the right to demand a full refund of their investment if a project faces significant delays. Alternatively, investors can choose to remain invested and receive monthly interest on their funds until possession is granted. This provision holds developers accountable for adhering to promised timelines and ensures a fair deal for investors.

4. Swift Issue Resolution RERA introduces a time-bound mechanism for issue resolution. If a buyer highlights any issue to the regulatory authority within five years from the date of possession, the developer is mandated to rectify the issue within 30 days. This provision empowers buyers to voice their concerns and ensures that their grievances are addressed promptly, further enhancing consumer confidence.

5. Escrow Account Protection To safeguard investors’ interests, RERA mandates that a minimum of 70% of the money collected from investors and buyers be deposited in a separate escrow account. This money can only be utilized for project construction and land-related expenses. Moreover, developers are restricted from demanding more than 10% of the property’s cost as an advanced payment booking amount before the registered sale agreement is signed. These measures prevent mismanagement of funds and provide buyers with a level of financial security previously unseen in the industry.

6. Regulation through Registration RERA brings developers under regulatory scrutiny by mandating that they cannot advertise, solicit, or sell any property without registering with the regulator. Post-registration, all advertisements soliciting investment must bear the unique project-wise RERA registration number. This requirement not only holds developers accountable but also provides potential buyers with verified information, enhancing the transparency of transactions. In conclusion, the Real Estate (Regulation and Development) Act has brought about a paradigm shift in the Indian real estate sector. By promoting transparency, protecting buyers’ rights, and establishing a regulatory framework, RERA has effectively revolutionized an industry that was long plagued by opacity and uncertainty. As the provisions of RERA continue to be implemented and enforced, the real estate sector is poised for a brighter and more trustworthy future.

August 8, 2023
Real Estate Regulation and Development Act – RERA empowering consumers
Real Estate Regulation and Development Act (RERA): Empowering Consumers and Transforming the Real Estate Sector

The real estate sector in India has been a critical driver of economic growth, infrastructure development, and urbanization. However, the lack of transparency, accountability, and consumer protection in the sector has been a concern for both homebuyers and investors. To address these issues, the Real Estate Regulation and Development Act (RERA) was enacted in 2016. This landmark legislation aimed to revolutionize the real estate industry by establishing a regulatory framework that enhances transparency, safeguards consumer rights, and promotes fair practices. In this article, we delve into the key aspects of RERA and its current status.

The Journey of RERA: Enactment and Implementation

The journey of RERA began with the passage of the Real Estate Bill in the Rajya Sabha on March 10, 2016, followed by its approval in the Lok Sabha on March 15, 2016. After receiving assent from the Hon’ble President on March 25, 2016, the Act was officially published in the Official Gazette on March 26, 2016. The Act came into force on May 1, 2016, with various sections notified for implementation. However, certain sections were not immediately enforced, awaiting the establishment of crucial institutional structures.

The Act’s Scope and Objectives

At its core, RERA was formulated to address the lack of consumer protection in the real estate sector. Despite existing consumer protection laws, the remedies provided were curative rather than preventive. This gap hindered the sector’s potential growth due to a lack of professionalism, transparency, and standardization. The objectives of RERA are multi-fold:
- Accountability and Consumer Protection: RERA holds developers accountable for project timelines, quality, and adherence to commitments, thereby ensuring consumer protection.
- Transparency and Fair Play: The Act promotes transparency by requiring developers to disclose project details on a centralized platform, aiding buyers in making informed decisions.
- Professionalism and Standardization: RERA introduces professionalism through the establishment of regulatory authorities, fostering standardized practices and ethics in the real estate industry.
- Symmetry of Information: The Act ensures that both developers and buyers have access to accurate project-related information, preventing information asymmetry.
- Responsibilities and Governance: RERA defines responsibilities for both developers and buyers, instilling a sense of governance and compliance in the sector.
- Dispute Resolution and Investor Confidence: The Act introduces a fast-track dispute resolution mechanism, enhancing investor confidence and reducing delays in project completion.
Key Components of RERA

RERA encompasses various provisions that reshape the real estate landscape:
- Appropriate Government: The Act defines the “appropriate government” as per the jurisdiction and location of the project, determining its regulatory authority.
- Regulatory Authority and Appellate Tribunal: The Act mandates the establishment of a regulatory authority and an appellate tribunal to address grievances and enforce compliance.
- Real Estate Agents: RERA covers real estate agents, including web portals, ensuring their accountability and adherence to regulations.
- Project Registration: Developers must register their projects with the regulatory authority before marketing or selling.
- Consumer Safeguards: The Act specifies that a certain percentage of funds collected from buyers must be kept in an escrow account to avoid diversion of funds.
- Project Delivery: Developers must adhere to project timelines and quality standards, ensuring timely delivery to consumers.
Current Status and Future Implications

As of the Act’s commencement, sections related to regulatory authority, appellate tribunal, and other fundamental structures have been established. However, some sections remain unnotified due to the requirement of institutional infrastructure, such as the establishment of the regulatory authority and appellate tribunal. These remaining sections are expected to come into force upon their establishment, ensuring a comprehensive regulatory framework.

RERA has brought about significant changes in the real estate sector by improving transparency, accountability, and consumer protection. Developers are now more cautious about project commitments, and buyers are empowered with better information to make informed choices. The Act’s focus on dispute resolution and governance further enhances investor confidence, stimulating the sector’s growth.

In conclusion, the Real Estate Regulation and Development Act (RERA) marks a turning point in the Indian real estate industry. By addressing historical issues and introducing a robust regulatory framework, RERA aims to transform the sector into a more transparent, accountable, and consumer-friendly domain. As the Act continues to shape the real estate landscape, its positive impact on developers, buyers, and the economy as a whole is becoming increasingly evident.

RERA in GOA

investing to achieve $1000 a month
August 8, 2023
How much should you invest to earn monthly income of $1000 – Indians

(disclaimer: this is not financial advice) There are several types of investments based on how much risk can you take. Here I’m talking about a very low-risk or no-risk option which is bank deposits. In India, banks pay a healthy rate of interest ranging from 4% to 7.75%. To secure these high rates of interests, you’ll have to invest in “Fixed deposits” also known as term deposits. It’s become so easy to invest in FDs (Fixed deposits). Just use your banking app to transfer funds to FDs electronically.

Recent (Aug 2023) FD rates from leading banks featured here are as follows.
Federal bank – residents interest rates on deposits ranging from 3% to 7.75%
State Bank of India – resident interest rates on deposits ranging from 3% to 7.80%
HDFC bank – resident interest rates on deposits
These rates are only indicative and you should check with these banks.

How safe are fixed deposits in Indian banks?

Fixed deposits (FDs) have long been a favored investment choice for individuals seeking stability and assured returns in India. The appeal of fixed deposits lies in their safety, making them a preferred option for both conservative investors and those looking to diversify their portfolios. This article delves into the safety aspects of fixed deposits in Indian banks, shedding light on the factors that contribute to their reliability.

The Foundation of Trust: Fixed deposits in Indian banks have earned a reputation for being secure due to a combination of factors that contribute to their credibility:

1. Regulated by Regulatory Authorities: Indian banks are governed by strict regulations and guidelines set by the Reserve Bank of India (RBI). The RBI monitors banks’ financial health, ensuring they meet stringent capital adequacy norms, which in turn safeguards the interests of depositors.

2. Deposit Insurance and Credit Guarantee Corporation (DICGC): DICGC is a subsidiary of the RBI that provides deposit insurance up to ₹5 lakh per depositor in case of a bank’s failure. This insurance acts as an additional layer of protection for depositors, ensuring that their savings are not jeopardized even if the bank faces financial challenges.

3. Stringent Prudential Norms: Indian banks are required to adhere to prudential norms, which include maintaining adequate provisions for bad debts, ensuring liquidity ratios, and adhering to capital adequacy standards. These norms enhance the overall stability of the banking system.

4. Transparency and Accountability: Indian banks are subject to regular audits and inspections to ensure that their financial practices are transparent and accountable. This helps identify and address any potential risks in a timely manner.

5. Long-Standing Tradition: Fixed deposits have a legacy of trust in India. Banks have a rich history of honoring their commitments to depositors, contributing to a strong foundation of trust and reliability.

Benefits of Fixed Deposits: Apart from their safety, fixed deposits offer several other advantages:

1. Assured Returns: FDs provide a predetermined interest rate that remains constant throughout the investment tenure, assuring investors of regular returns.

2. Liquidity Options: While fixed deposits have a lock-in period, banks often offer premature withdrawal options, albeit with certain penalties. This provides flexibility in case of emergencies.

3. Stable Investment Option: For risk-averse investors, FDs offer a stable investment option that shields their funds from market volatility.

4. Diversification and Portfolio Balancing: Investors often include FDs as part of a diversified portfolio, balancing higher-risk investments with the stability of fixed returns.

Conclusion: Fixed deposits in Indian banks have proven themselves to be a safe haven for investors seeking reliability and stability. The strong regulatory framework, deposit insurance, and prudential norms contribute to the security of these investments. While FDs may not offer the same potential for high returns as some other investment options, they are an essential component of a well-balanced financial strategy, providing peace of mind and stability to investors, especially those who prioritize safety over risk. Always consult with financial professionals before making investment decisions to ensure that they align with your specific goals and circumstances.

Monthly investment required to achieve monthly income of $1000.

$1000 is approximately ₹82,000. At an annual interest rate of 7.25%, here’s how much you would need to deposit in an FD. You would need to have deposits of ₹13,700,000 to earn ₹82,000 a month. You could now decide on a term or number of years to achieve this goal.

Typically, an average Indian earns about ₹30,000 to ₹125,000 a month . Let’s take ₹75,000 a month, which is a very common salary in most tech jobs or government jobs in the cities. With a monthly deposit of ₹40,000, it would take 28.6 years to achieve a monthly income of $1000 or ₹82,000 @ 7.25%. More options on how to get a passive income by investing

August 8, 2023