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A good gift idea for fitness freaks

January 22nd, 2012

Technology is an integral part of today’s everyday life. Are you looking for some unique gadgets to gift for someone who is a real fitness freak? Here we pick an exciting idea dedicated to the concept, as recommended by tech writer Gopal Sathe of The Mint India.
Just to elaborate, Fitbit Ultra is a light and unobtrusive device that comes with an accelerometer built in, to count every step you take. An altimeter tells it how high you are, to measure the flights of stairs you climbed.

In it, a small LED notifier shows the number of steps you’ve taken, and the calories you burnt. Fitbit Ultra is actually a small plastic clip that looks like a Bluetooth headset.  The way it works is simple— switch it on, clip it to your clothes, and that’s about it. You also need to maintain a food diary, which you can enter into the Fitbit website. Here are its other features:

1. Data pertaining to your walking can be submitted to the website by plugging your Fitbit into the computer. The site then analyses your dietary entries and your walk data and gives you a detailed breakdown of how this is affecting your overall health.

2. The Web interface is easy to use and understand, but you need to be prepared to enter a lot of information manually. For people who already have a fitness routine and want a little help tracking the details, the Fitbit is an excellent option. The display also shows a clock and can function as a stopwatch.

3. Another handy feature of the Fitbit is sleep analysis. You need to press a button when you go to bed, and another when you get up, and the device will then be able to tell you how often you woke up during the night, and how restfully you were sleeping. It’s a nice touch, though it can’t really tell if you’re asleep, or just lying fairly still.

4. A problem area perhaps is that the food listings do not account for Indian cuisine— they cater specifically to Americans. Those here will have to make do without the calorie input and output analysis from the website, limiting one of the features. Another downside is it can’t track exercise outside of walking/running. The session you put in at the gym doesn’t reflect in the tracking charts, unless you enter it manually.

(Fitbit Ultra is priced at $100 (around Rs 5,300) plus shipping charges.)


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Tax planning through gift giving

January 5th, 2009

Gifts give a great joy, it goes without saying. They convey your emotions to the receiver, who in turn, appreciates your sentiments. Gifts enhance relations and strengthen bonds of love. But gifts also serve a practical purpose when it comes to financial planning. You may wish to know. Let me bring to your notice that gifts can serve as a simple albeit very effective tax planning tool.

The provisions of Section 56, relating to tax on gifts, along with the basic exemption limit provisions to make your income is tax-free are applied simultaneously, to ensure tax-free income.

An individual falling in a higher tax bracket, can manage to cut down on the tax liability and increase his or her capital into tax-free income through gifts. This is essentially made possible by tax planners.

The method they follow is to make a person give gifts from post-tax capital to the parents and major children, who mostly are non-taxpayers. To double the benefit, when the recipients of these gifts invest the same, the family can earn more tax-free income.

Of course, there are certain issues, precautions and clarifications that you need to seek from your tax consultant who will address all these aspects so that you are able to put this gainful tax planning strategy through gifting into practice.

In a nutshell, gifts given to your parents and children (above 18) will not invite clubbing provisions. We shall learn about the finer aspects of tax planning and gifting in the subsequent blogs.

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Jute: a lifestyle statement

October 10th, 2008

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There is a wide array of lifestyle jute products, which you can use and gift like attractive terracotta embedded items and wall decorative pieces. Jute craft is quite unique in terms of functionality, originality and looks. Popular items like decorative bags, lamp shades and flower pots part from handmade jute wall hanging make perfect gifts for people with unconventional, albeit classy tastes. You can get many more interesting and attractive jute products for gifting this festive season.

Jute products are noteworthy for perfection in design and dexterity in finishing. The jute handicraft represents skilled craftsmanship that transforms the natural jute into perfect gifting products with immense aesthetic appeal. Luxurious home décor products made of jute like cushion covers, tablemats, tea cosies and table covers go well with eclectic lifestyles.

Jute garments come in a spectrum of styles especially for festive occasions in embroidered, hand printed and dyed features.  Jute woven fabrics are used for attractive stuffed toys. Decorative pieces blended with spectacular embroidery made from jute look fabulous. Jute is a perfect medium to keep your household lively and luxurious. No surprise, cost-effective jute articles make catchy gifts.

Customized jute pouches bear a sign of individuality. Designer jute pouches are getting popular as a lifestyle product. They offer versatility in terms of designs, colors, sizes and styles, so you can get one to suit your style quotient. For instance, richly designed striped pouches in jute might fancy someone with a bold fashion sense and who loves looking look glamorous. These pouches make a bold style statement.

Jute lifestyle products lead one into an enchanting realm of unimagined opulence, and fill one’s life with color and joy. They accentuate the home décor through their exhilarating look and fine finish. They are bound to make a mark with their captivating look and high utility value.

Check attractive jute products’ range…

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Nielsen India Survey On Gifting Patterns Of Indians!

December 26th, 2007

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Nearly eight in 10 Indians (77%) prefer Clothes, Sweets (including chocolates- 69 %) and Books (49%) as their preferred gifting items. Importantly, more than half of the people surveyed indicated they would shop online.

Following are the broad findings of a survey conducted by Nielsen India on gifting patterns research panel.

• Differences are there across different age groups in terms of gifting items, budgets and shopping channels.

• Sweets, Clothes and Books are universally popular, but more so with the mature group aged 45 and above

• The younger crowd (15-24 years) prefers to gift technology gadgets such as mobile phones and MP3 players.

• Holidays (travel and accommodation), travel tickets and tickets to amusement parks are popular new-age gift ideas.

• About 20 percent would like to give wine as a gift.

• More than half of the people surveyed indicated they would shop online.

According to N. S. Muthukumaran, Director, Online Panel, the Nielsen Company, India, the technology that has entered our lives in the last 10 years is deeply affecting young people in their twenties who have grown up with it. He says, “To many, it is cool to be seen with the latest model of phone or music system and giving one as a present is in the same league, albeit a costly option for these young folks.”

Look for more findings of the survey indicating the habits and beliefs of Indians regarding gifting in the next blog posts…

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